Tuesday Trade

 

Trading

1. Trading is not about just 'trading'

2. It's about having a strategy

When To Trade

1. Have strategy

2. Trade only when there is opportunity

3. Keep focus

4. Cut losses

Fried By It's Own Lard!

 

Why Trading

1. There is no opportunity in the world that trading the stock market offers - where ever you are

2. Not much amount of money/capital involved

3. No need to look for client to sell or ask for any kind of odd jobs, no advertising, no interview prep in case you are looking for a top notch job

4. The money is there for the taking at any given moment

5. No need to deal with anyone - annoying co-workers or superiors

6. Need to learn and study - takes time but if taken seriously - the benefit is for the long run

7. Find the niche - right market to trade (prefer micro futures, need only $200 to start)

Keep Trading and Oberving

Trading Lesson This Week

1. Don't expect to trade whenever you turn on your computer

2. Always put stop loss - set stop at desired risk per trade

3. Observe the price movement - if the trade doesn't work at a certain time, get out, enter again if there is the potential move 

4. Focus - keep focus when trading, don't do any activity, watch the trade like a hawk

5. Keep taking profit, don't lose the amount you're gaining

Keep Observing and Trading

Stocks For The Long Run

 

MES Monday Trade

 

MES MCL Monday Trade

 

MES Friday Trade

 

MES Thursday Trade 2 - Trade In Between

 

MES Thursday Trade - Trade In Between

 

MES Wednesday Trade - 'Trade In Between'

 

ES TUESDAY TRADE

 

Time To Buy Bit!

 

MES Micro Trade Of The Day

 

Another CL Trade Early

 

CL Early Trade

 Traded CL early. Right timing!

12 Years Observing

 Was looking/reviving the Observe and Trade blog ideas, already on the 12th year.

Though was inactive for 5 years plus, but was Observing the market daily, except not doing any trading.

Most of the trading blog I used to follow then are not that active anymore.

I guess they all do their trading quietly without showing their techniques, or they provide trading subscription.

DOGE and BTC

 Monthly chart of the two crypto's that got benefited when they skyrocket last year.

Time to pile up, probably in a year or two it will give some potential again to get benefit.

While the crowds are not that energized to take the advantage due to the scared noise, it's good to buy for the long run.

There lots of noise out there that cryptos won't make any, but for those who want to make something, we just have to make our own judgment and decision.

As long as there are participants, and we listen to our own findings, that's where we can make something.

Making money in the market is the best bet, that's how traders make a living.

Daily Trading Setups

Daily trading setups will be posted on this site.

Trade ideas will be based from own market ideas per market movement.

Trades will be conducted on 1 minute time frame in coordination with other multi time frame.

Trades will all be called scalps.

Account trade opened in Tradovate was a minimum $250.

Will be risking maximum $50 per day. $25 risk per trade.

Reward will be 1.5 or 2, if  the trade goes to $30+ - will exit.

Making +$50 per day will be ok 

Will only trade 1 to 3 trades per day depending on the market opportunity, no probable setup - no trade.

Trade 'in - between' is the ideal trade setup.

Today's trade result.

Back To Trading

Trading back the market after years of not doing full time.

This time I'm trading the micro e mini's from Tradovate platform.

Discover Tradovate two years back but was not able to trade full time, open then small account but got clobbered and blew my account.

Due to the pandemic and got sidelined working at home, decided to get back to trading full time, looking forward I can focus and capitalize on the current market turbulence.

I guess getting back to the market  gives an advantage as compared looking for other source of amount. 

Trading the micros with small amount of capital can have a good leverage.

Below is the trade for today.

DOGE BARKED SO HARD!

 

DOGE

As observed, DOGE starts to explode!

DOGE

 Tight consolidation - waiting for the explosion!

XLM FOR THE LONG RUN

 

DOGE

 

Dollar Spotter

 This week dollar spotter trading!

PLACS Trades

Trading the stock market needs a lot of understanding, and trading books, imitating great traders won't do any help to make money.

One needs a lot of understanding how the markets works, and how you approach the market.

Takes time, 10k hours to master any craft, and trading the market needs more than 10k hours of learning and losing.

Below is one where to have an idea how to approach the market as a 'replacs', where you don't need to engage in making big moves, just a fraction of the market movement will do.

Weekly Dollar Spotter - Stocks To Trade

https://puzzledtrading.blogspot.com/2020/08/dollar-spotter-stocks-to-trade.html

Weekly Dollar Spotter - Stocks To Trade

Dollar Spotter - Stocks To Trade

Below are lists with promising gain for next trading week based from Dollar Spotter criteria.

Dollar Spotter - Stocks To Trade

Below are list of stocks with promising short term gain based from my stock selection criteria called "Dollar Spotter".

How To Do Day Trade

There lots of ways to do day trading, and the strategy below is one of the ways to conduct.

Trade in between is one of the surest way to make a positive outcome, but doing so is to have patience in waiting, looking for the right entry, and recognizing a pattern.

Pattern recognition is one of the advantage how to spot if there is a probability to place a trade, takes time to learn, but if you really want to participate in the market, it's one of the steps to study and to learn.

Other than that is to read the minds of the market, watch the tape, the price movement at a given time, the support and resistance, where the chart formation takes place. Also takes time to learn, but that is where the right price to enter and exit.

Also, the market environment during the day, if there is market moving indicator that is schedule for the day, if it is right to get involve or not. Cannot trade the market all the time, be selective with the day and time to make a trade. If the bars are moving fast and the tails are long, might as well wait for the market to settle. Wait for the small bar(s) in consolidation, that is where to determine where there is probable breakout or breakdown.

Below is a chart as a reference to make a trade.

About New Market Participants

There lots of misconceptions about what's going on in the stock market right now. Due to the pandemic crisis and most are confine in their own comfort, lots of people turn into the market trading stocks. Nothing wrong with that, but most old timers in the market are complaining. We cannot control the people who wants to look for an opportunity - they've been out of work because of the virus. It's their right to find ways to survive and do something in their own comfort and what is best for them. Lots of veteran well funded wealthy wall streeters are blaming or are demonizing these new market participants. They don't want to partake their controlled wealth to these new market participants. It is their right, even though they are new, they have their own idea(s) to participate, let them do and trade the market. Let them lose or let them earn money, it's their right.

20k Views

Haven't look or open this blog of mine for five years plus and was surprise I got 20,000 plus views.

Though I'm not sure most are not that interested to see nor read my posts, thanks a lot for 20k plus views anyway, much appreciated.

Went back to workforce the last time I posted here.

Now that the pandemic wrecking havoc on our daily lives, and was forced to work at home, got time to look at my desktop and open my blog and see what I had gone thru in the market.

Was surprised to find out the mistakes and the learning I experienced and continues to learn how the market works.

Thanks for the views!

Triangle Trade

BTC Update!

Observe & Trade Moved To A New Site: http://puzzledtrading.blogspot.com/

MARKET'S YEAR ENDER

Shown are market's weekly year ender, S&P and Nasdaq were on the uptrend, Gold mostly sideways, while Crude drops hard. Let's see in the coming year how it goes.

 

 

 

OBSERVE & TRADE NEW SITE

Moved to a new site: http://puzzledtrading.blogspot.com/