On my exciting and amazing journey to the stars.....

[Ajax616]

I am adding a trade to my Swing.  When I have a great looking pattern, there are times, when it does not swing below or above (for over night), but for the day only.  It results in a Hammer with a great pattern.  However, that does not qualify for an Entry.

Therefore, after all my studies, I will take a Hammer (which swung intra-day) and a very good pattern as a Signal.  I think this is definite better than taking a Swing trigger with a so/so pattern.

I finally found what I was looking for with my Swing Review.......D o not go against major support or resistance in swing trading.  It is futile.

I will also take an RC with Swing as a trigger.  

In BB, I will take all patterns now.  But in Swing, I will not take all signals.  I will only trade with the Trend......tha t includes my second Swing pattern.

[Ajax616]

The greatest value in life is not what you get, but who you become.

Are the disciplines I am currently engaging in taking me where I want to go?

[Ajax616]

How to defeat the "Time Value" only option?..... Go farther out in Time.  Therefore, it will depreciate less because of the lower Theta

[Ajax616]

How to defeat entering an order like A?

1.  The stock rose on a negative day, therefore it will keep rising because there are buyers out there.
2.  For a low priced stock, like that, I cannot enter my order early.  I would have seen the large bar and use the 3BR.



3.  Stocks like APA rose on a positive day.  It rose only with the market, therefore, it will fall with the market.

[Ajax616]

"You get in life, what you are, not what you want."  - Les Brown

[Ajax616]

In the prosperous time, you put it in your pocket.  In the lean times you put it in your heart, and discover who you are." - Les Brown

You're going to experience some turbulence when going up.  Don't be frighten by that.  When ever you decide you want to go to another level, you have to fasten your mental, psychological, and spiritual seat belt.  Because it will be awhile before you experience a comfortable altitude.  - Les Brown

Thank you Les for clarifying growing pain.

[Ajax616]

When the stock is too far away from the BB, one could experience buying or shorting a large bar, and miss out of the 3BR play.  Two out of three of these are losers already. 

[Ajax616]

Cancelling an order when the stock got close, due to emotional trend, however my signal is still good.

ALTR -   It cost me 3.75 points or 220
BHP  -   It cost me 11 points    or 480


Entering an order when the stock is still too far away cost me (Small Bodies), because when the stock gets there real quick, my signal becomes invalid.

RCL -    -170  (I did learn from this trade, by making my contracts smaller, and going out longer in duration)
JPM -    -186  (I did learn from this trade, by making my contracts smaller)
A     -    -100


Therefore, there are two things that I can learn from this.  

1.  Do not put in my order too early when there's still a large distance away,  because a large move towards to Band would nullify my order (but in this case fill it)
2.  When my pattern or signal is still good, and the stock is slowly moving towards my entry price.  Let it sit, or move it away a little to get a better fill, but keep the order and do not cancel it.

Other lesson that I have learned recently.
1.  Keep the emotion of the market in mind (VIX direction and direction of market)
2.  Make sure to trade with Recent weakness or recent strength, that helps make patterns like P3 or Swing
3.  Do not trade against major support or resistance, it is defeating the purpose of trading with the trend.

When going long and the market will open weak, move your orders down a little, but do not cancel them

When going short and the market will open strong, move your orders up a little, but do not cancel them

[Ajax616]

"You don't know what's out there. " - John Burroughs

"That is why I must go." - Rhoda Williams

From the movie, Another Earth

[Ajax616]

In recent cross patterns, the 40 MA needs to be trending down as well, and coming off a base or OEXT.  Otherwise, you can be looking at a consolidation period with even a stronger trend.

RC:  40MA needs to be going down as well.

[Ajax616]

An old Hmong lady was telling me a story about a long time ago when she came to the USA.  The welfare check would usually be in the wife's name, but for some reason her family's was in her husband's name.  Her husband usually does the shopping.  But one day, her fellow sister in-law was going grocery shopping so she asked him for some money.  When she returned, the first thing her husband said was, "Where is the change."  She thought to herself, why I was hoping to pick less items and keep a few dollars for myself, but she gave the change to her husband.  Next time she went to the store again, when she came home, she offered him the change and he greedily took it again.  She asked him, "Are your intentions to never give me any money?"

Which he replied, "Yes, in this country I will never give you any money."

Right there in that moment.  She felt her arms became strong like iron, and she became filled with joy from celebrating her inner strength.  She also realized that when someone belittles you or yells at you, that is a blessing.

I see her all the time, and she's became such a wonderful giving person.   She's so tireless and energetic.  And she's became so wise too.  She's my mother.

[Ajax616]

Enemies of Success:

Enemies to do battle with every day:

1. Indifference
2. Indecision
3. Doubt
4. Over caution
5. Worries
6. Fear

[Ajax616]

My Lesson from PEP (long), BRCM (short), and ANF (short)

PEP, 3 out of 5 Bars was negative, and the last one was very negative.  Although, the pattern looks nice, its deceiving.  It is deceiving, because it is PEP, and there's nothing new or special about PEP for growth.

1.  3/5 last bar is negative, with large red bar



BRCM, even though the stock looks weak and had a short trigger, the stock is no longer in a short area.  It would be in a short area, if the emotional content of the market is sympathetic with it.  However, the emotions of the market has changed from negative to neutral or positive.  Besides the pattern is against, FLAT bollinger band at OEXT, which makes it an undesirable pattern.


ANF, there was a trigger, but I do not like pattern.  The gap down and quick moved down and then sideways makes the pattern undesirable to trade.  It is not beautiful, but erractic.

The lesson that I am learning from these three patterns is that I have to pass them up, and wait for better patterns.  Yes, I do have a green light, but it doesn't I can cross the street.  I still have to look both ways first.  And when I look both ways, if I do not like it, I have to wait for the next green light, which will be coming along any moment now.

[Ajax616]

I am so in love with this day, all the good or bad, exciting or boring, important or insignificant, and mellow or learning opportunities and events that today will bring.  Thank you very much.

[Ajax616]

Re: My lesson from CTXS

It is good to get a good fill, but do not move the order so far away, that it doesn't get filled.  Be reasonable with the fill as long as its at the Bollinger Band or better.

Thank you for the lesson today.