My best and biggest trade to date. By far the biggest trade on my own, the last largest trade being a swing trade on SHOP that Daddy in Dragon’s chat had called out. I, out of frustration with my performance yesterday, followed my rules that I outlined yesterday. I saw…
Year: 2022
Trade Journal | 8.11.2022 | Thu. | -$604.80
You need to take your time to assess what’s really going on. You need to be able to sit idle while determining what’s really going on. Then and only then, once you have a reasonable thesis, you need to act with a reasonably placed stop. By in large you traded…
Trade Journal | 6.9.2022 | Tue. | $67.90
Just one trade & writing this down after the fact (on 8.11.2022 12:24pm). Got in after assuming that price was breaking out of meager consolidation & had sufficiently absorbed supply. Was probably the last person to get a fill on my sell right before price dumped again, so not the…
Trade Journal | 8.8.2022 | Mon. | $35.80
Again, filling this out after the fact (on 8.11.2022 12:30PM) , but remember this trade clearly. Had charts pulled up, was watching rather intently, assuming that break above 4150 would yield at least a small move up, went to take a shit & move happened whilst I was incapacitated. Finished…
Study Journal | 8.7.2022 | Sunday
Building FOMC Meeting chart overlay, the project I’ve been working on the last few weeks. Now referencing actual statements from FOMC to get data. Currently in era after 2008 where rate targets remained at 0% – 0.25% for years. Seeing them push goals back, from 2014 to 2016 on when…
Charting Journal | 8.7.2022 | Sunday
After noticing similarities from 2008 SPX chart yesterday & noting it in this journal, today I see this on Instagram today lmao: The fact that this insight is so mainstream as to be on such a large page curbs my ego & makes me take pause at my ‘analysis’. I’m…
Charting Journal | 8.6.2022 | Saturday
Working on interest rate overlays on SPX & looking back at H&S I plotted out for 2008 crash & most recent 2022 downturn. Looking eerily similar to one another with this moment in time being the retracement before the much more significant fall should this era’s downturn mirror 2008 downturn.…
Study Journal | 8.5.2022 | Friday
Source & Source PDF NY0-35 • DTP Shared 1G • Research & Mt!’IIOS (298) Stanley Druckenmiller Lost Tree Club 1-18-15 Research ReportArmour. Tim, TOA. February 12, 2015 Timothy D. Armour (TOA) February 12, 2015Q_(/ Stan Druckenmiller gave a talk to a small group of people last month. For those who…
Study Journal | 7.26.2022 | Tuesday
Created folder of Yale & MIT courses concerning economics & finance
Study Journal | 7.24.2022 | Sunday
In the process of creating layover of fed meetings & the Target Rate changes going back to 2000 to get an idea of how the FOMC affects the market. Overlaying these meetings on SPX chart, as this is the chart that goes back the farthest & the chart that I’ve…
Study Journal | 7.23.2022 | Saturday
Trying to contextualize the significance of Federal Funds Rates by mapping historical rate hikes & drops with SPX. Considering laying out color coded map onto SPX chart. Referencing this outline of rate changes The Discount rate is the rate that the fed charges commercial banks to borrow from the fed.…
Trade Journal | 7.21.2022 | Thu. | $292.90
Very proud of today. Had charted yesterday at some point a gap-ish zone on /ES where price had previously had an excessively steep drop off a few weeks or months ago and had yet to retrace the zone. Noted this, then on arriving at the office today, pulled up screen…
Charting Journal | 7.18.2022 | Monday
/ES approaching upper trendline of wedge, drew another trendline or wedge earlier to touch more points & this trendline has been broken, but second hasn’t caution should be exercised. Last wedge that played out was broken with far more strength & volume. Energy & Financials look to be the strongest…
Trade Journal | 7.18.2022 | Mon. | -$92.30
Started the day off on a bad note, recovered a considerable amount but still was down by the end. Did not exercise discipline, got in futures trade, got burnt, then got back in and made back enough to be close to break even, but still down $60 before fees. Could…
Study Journal | 7.17.2022 | Sunday
Option Hub You can’t control your emotions, but you can control your reactions. Must stop trading after two consecutive losses. Almost no trader will do well after this point. You must focus ONLY on your watchlist. Benzinga Pro for News. 90% of his trading style was scalping. Think of profits…
Study Journal | 7.16.2022 | Saturday
Sohn 2022 | John Collison in conversation with Stanley Druckenmiller 31:57 | “People ask me what I learned from George Soros—I thought when I went there I was going to learn what made the yen & the deutsche mark go up and down and that kind of thing, no—what I…
Charting Journal | 7.8.2022 | Friday
/ES looks to be forming & beginning to breakout of falling wedge on daily. “…with a Falling Wedge, the trader ordinarily can take his time about making his commitment for the ensuing rise.” Pg. 143 TAST Have to say I’m feeling tempted to try an options swing, but after reading…
Trade Journal | 7.6.2022 | Wed. | $23.10
Dangerous, irresponsible trading. Decent enough through the day but have problems taking losses. When I’m losing i am dangerous. I must curb this tendency. I’m good enough at tapering my energy when I’m doing well, but today, the only reason I’m green is because of a reckless play to test…
Charting Journal | 7.6.2022 | Wednesday
Considerable selloff in oil yesterday, tried to research & understand just how integral oil is to the economy and what it means for stocks. Looks like, in part because of the drop in oil, a few sectors ran & look poised to continue running, but beware consolidation. consumer staples looking…
Trade Journal | 7.5.2022 | Tue. | $14.70
Decent first day of the month, though I did not capitalize on large share of paper profits. This was frustrating, but I did hold the trade (JPM) appropriately & with conviction, so I can’t be too upset with my performance as it was in line with best practices. This was…