Tuesday, February 22, 2022

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.