Category Archives: Top reversal Trading

Week 5 (Focus on Quality Reversals & Opening Range Breakups/Downs) – PRGO, TMUS

Tuesday Mistake – I feared getting into the opening range breakouts/breakdowns as the spreads were wild on level 2 and felt like I would be chasing. But I should get used to simply following the chart and not worrying about Level 2.PRGO – Tried to buy the pull back on the opening range breakout. Trade was… Read More »

Week 5 (Focus on Quality Reversals & Opening Range Breakups/Downs)

Last week was one of my best reminders that Short Selling is great but can screw you over if you don’t follow a strict set of rules. The loss on URI was a replica of my RRC loss! I wasn’t following rules and held the position after 11:00am. I should have known better. After 11am… Read More »

Week 4 (Focus on Reversals ONLY) – $VLO, BOFI Top Reversals

Not sure what got into my head and I started trading $UVXY. Was really dumb of me. considering it wasn’t a reversal. I was so obsesses ith SPY gapping down and fading all day. Anyways, got out and focused but that trade disorganised me. VLO BOFI  UVXYP & L – -$67.98 Share the post “Week 4 (Focus… 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) – $RLYP, NUGT & $SM Top Reversal

Nice day. Started with a dumb trade on $RLYP. Shorted thinking bad news, so quick pop into resistance and wash out but boy was I wrong. Charts below in order of how I traded from $RLYP to $NUGT then finally $SM $RLYPWHY – Stupid FOMO. Should have waited for entry at the 200SMA.Exit – Was sick… Read More »