OSMT Trade on Jul 14, 2020 09:30 from slowelim: Tradervue User Stock Trades.

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slowelim

 

MTFA(entry, one lower than entry, two(or three) higher than entry):
5m, 2m, 15m, hourly, Daily.
Market Cycle stage:
Stage 4 downtrend (supply/fear)
Macro & Micro Synchronization:
Yes
Macro trend:
stage 4 downtrend (supply/fear)
Micro Trend:
stage 4 downtrend (supply/fear)
Essential Pattern/Super play:
2m breakdown pattern setup (we anticipated the entry due to the market opening price being so close to our preferred entry price).
Pattern Boosters(BT/TT, WRB/NRB, +/- VOLUME, EMA’s, Level (1/2) SUPPORT/RESISTANCE,
COC, RS/RW, MT, 50/100):

EMA, Relative weakness. 2/9 pattern boosted, this is definitely a low probability trading opportunity. 122% boosted, only 22% better than most trading opportunities. In the future, we should avoid trading opportunities like this and review the opportunity with factors written on our piece of paper. We should scan through the opportunity and grade it out of a score of 9 before taking on the trade.
Gap direction & Rating:
Level 2 GAP DOWN
Pro/Novice:
BORDERLINE pro igniting gap down.
Gap Entry:
5m/2m breakdown pattern or 5m/2m sell setup. We chose to trade the 2m breakdown pattern.
Trade management approach:
2R AON. 2R AON is the most balanced and consistent trade management approach there is for 98% of traders. We're not yet at a skill level that can beat 2R AO, so we must stick to it and respect our plan.

Strengths from today's trading:
I think the strength from today's trading is the amount of objectivity we have. We can now stay calm and remain in full control even after a stock trading loss. We no longer feel emotional backlash for losing out on a trade. The market is never wrong and when I make a trade, I'm making a personal decision to take on risk. I have made a trade today. I have lost out on that trade. And you know what? I'm okay with that. I take a deep breath in, and exhale. Hoosa. For the day of victory will come upon us in the future. If we're persistent, if we're committed, and if we're dedicated to the cause, NOTHING can stop us.
Weaknesses from today's trading:
Our weakness from today's trading was the inability to scan for the best trading opportunities. This is largely due to the fact that we used a highly customized set of scanning parameters that restricted us from reaching and accessing the best trading opportunity. The trading opportunities with the most GREED and FEAR are best found on % GAINERS and % LOSERS. Moving forward, we should use %Gainers, %Losers, $Gainers, and $Losers to isolate the best trading opportunities. The stocks that are gaining the most are often the ones with the most demand/greed. The stocks that are 'losing' the most are often the ones with the most SUPPLY/FEAR.
How can you improve?
We can improve in the future by using the %Gainers/%Losers/$Gainers/$Losers scanners to isolate the most greedy/fearful trading opportunities (and capitalize from them). Where there is tremendous greed and fear, there is tremendous amounts of capital inflow and outflow. greed and fear establishes steady inflows and outflows of capital that we can trade on.


Execution detail:

Date/time Symbol Side Price Position
2020-07-14 09:30:02 OSMT sell $6.230 short
2020-07-14 09:33:03 OSMT buy $6.379 0


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