Category Archives: Study

Red Trades Review – 2017.02 (February)

February 22th$YUM Trade taken out of frustration. I usually like to have profits locked in by 9.45am then watch for A+ set ups to trade with less share size.Trade ChartMultiple Time FameFebruary 17th$GISTrade one, got greedy. I need to lock in immediately I am up or at worst put in a profit stop.Next mistake was shorting consolidation… Read More »

Learning from my Biggest Losses to Date – Respect Price Action & What the Chart is Telling You!

In this pictorial post, I took the time to go over my large losses in great detail to understand what happened. I hope this will help me remember what I shouldn’t be doing as  trade day in day out. My long term goal is to get profitable and finally trade full time. To do this I… Read More »

Week 3 (Focus on Reversals ONLY) – $DLPH Top Reversal

Traded scared even though set up was A+That is why you need to cut losing trades quickly.$DLPH End of Day Chart $FCX Perfect example of why you shouldn’t follow anyone. I followed even though set up was based on what someone else was anticipating on Oil. For now I have balcklisted all Oil stocks. I will NOT trade… Read More »

Week 2 (Focus on Reversals ONLY) – $VRTX & $ MBY Top Reversal Trade

Traded scared today but it’s okay. Stuck to my Strategy and only traded Top Reversals. Was trying to be patient on both trades but had small size so closed trades quickly as alway. Second green day is good for my phsycology. I need to maintain consistency. Plan to be green each day this week.$VRTXEnd Of Day… Read More »

Week 1 (Focus on Reversals ONLY) – $NXPI Top Reversal Trade

  * Trade 1  – Wasn’t patient with entry. Cut it off.* Trade 2 – Perfect entry but lacked patience. Working on this.* Relevant Note – This was not based on the Reversal scanner. Should try to stick to ONLY tickers that pop up on this scanner as I get more time to draw levels and reversal is… Read More »