Day Trading Journal - Small Application that Helps A lot in Day Trade

Day traded for almost 5 years now and still using excel to calculate Risk Reward Ratio to get the target price. Excel was too big to put on the screen and troublesome when typing in the wrong box and messed up all the formula. 

So, I always wanted to have a calculator that small, fast, easy to use to calculate cutloss price with the amount I risk, profits and RR ratio. I had decided to make one on my own. 

With this simple Risk Reward calculator, I can quickly check the risk before take a trade. This was $KPTI last night traded before I getting into the trade. Clearly showed risk I took was minimal with huge reward. So I fire it up to make the trade. Although I didn't ride all the way down to $9.5 with 12.3R but still great experience. 

If anyone interested this simple calculator. Here's the link to get it.

https://payhip.com/b/AHmcj or https://zafreelo.gumroad.com/l/makee

Cheers.

Day Trading Journal - 1651 Days: Time is the Only Matter

 After took a break for 2 months and refreshed my mind without glued the eyes onto monitor for few hour and cured the anxiety when night came. It has given a good new fresh mindset to step into market again with clearer strategy & focus on only one pattern. 

What had I done during the break? Dumped all guessing game strategies far away and only focus on the only high winning rate strategy. Only one and stick this ONLY ONE strategy disciplined. Forget all other that may looks high profit return in short amount of time strategies.

Using the ONLY Focused strategy to find other possible plays with same pattern which is a lot easier to come out new sub-strategies that still has high winning rate plays. 

The portfolio is looking good where I can stay green streaks for several days but still having discipline problem sometime which ONE TRADE losing whole week profits. 

Anyhow, it is only matter of time to earn first bucket of gold. 

Cheers.

Day Trading Journal - Day 1442 : ROSS was Right Bout It.

 A day of slow & choppy market. Not much tickers to trade for the long side. 

SOS 1st entry Buy $2.9 - Sell $2.95: Took a quick profit like ROSS did & it did a good job to add a little to small account is not a bad idea at all.

SPRT 1st entry Buy $9.35 - Sell $9.64: Another scalp trade. Not sure about good entry buy surely is good exit at the top. Sometime overly patience to wait for sell or buy signal was really a deadly action.

GRVI THIS WAS THE FUNNY ONE!

Pre-market was a good move. Missed the move like how SOS play was. So waited for another push after market open and get price & quantity ready with finger on Buy Button. 

Finally! The PUSH is coming!!! And the broker just DISCONNECTED. Yeah~~~~ Can't blame the broker, needa blame the internet service provider. Speed test only showed 3mbps.

After reconnected successful. Well, circuit halted. Missed a good play with external issue again. So, only wait for short squeeze after that.

1st entry Buy $6.3 - Sell $6.08: Very volatile & strong support. Kept coming back alive after the dump, looking good. Once again, Waiting for CONFIRMATION only to jump in which always get tricked. Next thing you know, It failed.

2nd entry Buy $6.3 - Sell $5.93: After the dump another strong SUPPORT showed in action. Same mistake again, waiting for CONFIRMATION only to JUMP IN which always at HIGH PRICE. Since the support was strong & kept push back up after dump so waited for a bigger move this time. Risk was larger for this attempt. And finally the SHORT SQUEEZE was coming in action! Thought this squeeze would be at least half of the move from the HOD. So waiting for SIGNAL to get out if anything goes wrong. And here goes my NIGHTMARE, instant Long Red Candle dump without mercy. Blink of eye, the price changed from $6.44 to $5.96 in matter of second. What the FFFF!

Conclusion, giving all profit back to the market. Just take any profit even small is better than giving all back and make the day red again. Red streaks for few day.

Total fund: $350 ~ Down % (-$13)

Day Trading Journal - Day 1441 : Emotional Shifting

28 July 2021 - Tuesday

After experienced trading with uneasy feeling since yesterday, eventually made me realized how to trade with less emotion attached. 

PBTS Buy $1.51 + $1.51 - Sell $1.34: There was a good profit should be taken. Is about 6% of my current account size but no taken because HOPE for more. At the end slapped on own face of giving 8% back. (May should stick to 5% rule for small account)

DYAI Buy $5 - Sell $5.34: Weird thing that always happened to me is whenever I enter a trade, it always comes with a instant fall. Had been monitoring this ticker for a few minute before enter, once saw it was coming, hit the buy button and next thing you know was instant red candle. What the hell... This nightmare had been haunted me for many years already. 

DYAI Buy $4.16 - Sell $4.06, Buy $4.15 - Sell $4.06, Buy $4.09 - Sell $4: Later the day, still with this ticker, looking for a quick short squeeze that never come. 3 red streaks consecutive losing trades. Back side of the move was really tough for long.

2nd day trade without much feeling attached. Enter a trade and wait for the move, waiting for the signal to get out but case like PBTS was a failure example. Overly patience will hurt the account too. 

However, short sell is still much higher winning rate than long. As always short sell much more comfortable to hold for whole day by just looking at it tanked lower and lower non-stop.

Total funds left: $366.03 ~ Down 10.9% ($42.29)

Day Trading Journal - Day 1440 : Stop When Feeling Not Right

 27 July 2021, Monday

Here comes the bad trades for Monday. Seriously bad trades. 

Should just stop any trading when feeling sick after 2nd dose of vaccination. 

1st thought: Today shouldn't trading.

2nd thought: But gonna pay platform fees by end of this week. Else, my small account gonna hurt.

Final thought: Let's trade for some funds to cover the platform fees. 

ABEO 1st entry Buy $1.51 - Sell $1.45: Enter at first bounce. Absolutely wrong. Proven lack of patience to wait the correct spot/ confirmation. Just hope the stock move into my flavor. Even EMAs do not show any sign of entry. 

STAF 1st entry Buy $3.33 - Sell $3.20: Same mistake as ABEO. Enter at first bounce without any signal that was a support or uptrend to go long. EMAs do not show any bull sign too.

STAF 2nd entry Buy $3.08 - Sell $2.97: Repeat exactly the same mistake again. Enter whenever the bounce was.

SGRP 1st entry Buy $3.1 - Sell $3.03: At least not enter any bounce now but enter after double bottom bounce without for waiting consolidation. 

SGRP 2nd entry Buy $3.1 - Sell $2.95: This trade was unfortunate one. It did showed the sign of short squeeze & lot of prints coming in and did spiked good but instantly tanked (My phobia).

EZGO 1st entry Buy $3.65 - Sell $3.57: Same mistake as above. Entered straight away without waiting any sign of confirmation or uptrend signal. 

Conclusion: Don't trade when mind can't analysis or thinking well. 

Total Funds: $408.32 ~ Down $73.67

Day Trading Journal - Day 1439 : Emotion Controls & Trust the Strategy

24 July 2021 - Friday

Broke the RULES:

• Trade As Less As Possible
• Do not trade too early when only few candles
• Pre-market trade. Should be Avoided.

MDGS 1st entry Buy $2.197 - Sell $2.06: Premarket spike as risky as majority of the time that it will just tanked hard. Avoid first SPIKE at all cost although it did looks tempting!

MDGS 2nd entry Buy $1.89 - Sell $1.79: Do not goes in before it showed some sign of strength.

Condition 1: Multiple green candle to break thru previous mini resistance

Condition 2: Break thru and pull back. Only to decide if is buying pressure is coming.

MDGS 3rd entry Buy $1.82 - Sell $1.93: This was good entry. After the drop & retest multiple time for the higher low price level, here comes the bounce to reclaim the previous mini top. After the entry, just stay patience and let the price workout & it did went to as high as $2.15 but too bad, RED LONG CANDLES were tanking too fast! Profit took after the quick bounce. 

MDGS 4th entry Buy $1.92 - Sell $2.05: After market opened, price didn't drop instantly but holding at support. When it showed a lot green prints coming in, grab some shares but did not stay patience enough because of the previous RED LONG CANDLE trick, & previous high just so above the current price. Took a quick scalp on this one. Eventually it spiked again to as high as $2.45. Have to stay patience a little bit more for few more minute. 

MDGS 5th & 6th entry (Forgot to screenshot, red arrows area): 2 losing trades. Price was in slowly uptrending but choppy. Entry when broke the previous candle top but quick faded back down. Too choppy. After 2 red trades. No more trades for MDGS.

ALZN 1st entry Buy $9.35 - Sell $9.22: Premarket trade. Looking the price reclaimed back to the previous high and broke thru, but quickly it turned to short sell pattern after few minute. The price action was tanking too fast to cut to breakeven. 

XBIO 1st entry Buy $3.75 - Sell $4.01: After having many losing trades. Emotional slowly kicked in. Entry was good but took profit too soon. Had been tricked by MDGS & ALZN. Emotionally want to make back whatever the loss are, turned into scalp which leave more on table. 

XBIO 2nd entry Buy $3.61 - Sell $3.72: Quick scalp again. Too scare to lose the profit back. 

After scalped, it did eventually short squeezed up at least 90cents. Sometime have to be aggressive.

Total Funds: $481.99  ~ Up $1.81

Day Trading Journal - Day 1438 : Starting Over

Back to very very beginning stage. Starting with very very small amount & small account challenge.

Account not enough funds to short sell. Only able to Long. So let's long with less panic or FOMO.

1st RULE: Only trade 1-2 times.

2nd RULE: If GREEN of the day, whatever number it is. No more trades. 

3rd RULE: Cutloss when it is not right. No feeling attached.

1st Entry Buy $7.4 - Sell $7.15: Kind of FOMO (Reading LEVEL2 drives emotion greatly). Suppose to wait for pull back before entry. Price action does not show instance resolution. So just CUTLOSS whatever it is. 

2nd Entry Buy $7.35 - Sell $8.16: Platform disconnected a few times. Once saw the price action came into my flavor, press the BUY BUTTON & get rejected. Insufficient Funds. Because of the unit changed back to default 100 units where I only able to buy 50 units. So, missed $7.20 but $7.35 is not too bad too. It is what it is.

Total Funds: $480.18 ~ Up $23.85