Trend-Following U.S. Equities.
Esbjerg, Denmark
Joined June 2021
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FREE TRADING JOURNAL VERSION 2: GET IT NOW⬇️
The new, and highly improved, version 2 of the free trading journal is now available.
I've spent a few days / weeks putting this one together. Improving the general user experience, and implementing many quality of life upgrades.
The goal with this journal was to push the boundaries of - especially - what paid services should be able to do for you. If a free google sheet spreadsheet, can do all of this, then paid software and spreadsheets needs to step up their game.
Everything is fully automatic, except the "Trade Journal" and the starting capital in the performance dashboard.
Have fun with it. If you find any bugs or errors, please contact me - and i will implement fixes asap.
See how to get your own copy and set up the spreadsheet in the video below.
docs.google.com/spreadsheets…
I don't really post setups right now, since for me, there are not valid setups.
Sure some charts might look decent, but the market environment isn't. And therefor, there can't be ANY valid setups.
I'm not gonna post setups for the sake of just posting randomly occuring setups.
Standing by this.
You are not in a rush.
Being 100% cash until YOU find the market to be ripe again, is a cheat code that everyone understands, but few actually puts into practice.
Everyone wants to enter, even with small positions, as soon as they see a setup, with no regards to the current environment. They will all either learn the hard way, or be wiped out eventually.
If it’s hard to stick to your own plan and gut feeling, then shut down your socials until they no longer determine when you do and don’t enter!
Being 100% cash until YOU find the market to be ripe again, is a cheat code that everyone understands, but few actually puts into practice.
Everyone wants to enter, even with small positions, as soon as they see a setup, with no regards to the current environment. They will all either learn the hard way, or be wiped out eventually.
If it’s hard to stick to your own plan and gut feeling, then shut down your socials until they no longer determine when you do and don’t enter!
Sitting patiently on the sidelines, and just watching price action.
No need to participate in this environment, as I intend to keep the profits that I've made this year, and not hand it right back to where it came from.
Oliver retweeted
I've traded pullbacks profitably for the past 3 years, and yet buying pullbacks still feels counterintuitive to me.
Trading is extremely difficult, because what is actually working for you, will likely also be what makes you doubt yourself the most.
To me, buying breakouts feels the most natural and intuitive. They're easy to spot, volume confirmation is easy to comprehend, bases are clear and structurally sound, yet I've never made them work profitably for me.
Pullbacks on the other hand... Harder to spot a sound entry, often lacks volume confirmation, everyone else thinks the uptrend is over. Entering something, when everyone else is screaming for further downside, is a psychological monster to overcome.
Even with 3 years of doing it profitably, I still tend to doubt my entry signal before entering... But you just have to do it anyway. And that is what makes trading so very f...... difficult.
This is it.
Never quite made breakout trading work for me. I traded the right stocks, but often got shaken out after my entry, just to watch the stock explode higher.
I then started entering primarily on those shakeouts and reversals, which made all the difference for me.
Reviewing your trades are crucial to figuring out how and where to improve.
As @1ChartMaster Said.. profitability might just be small tweak away.
I've traded pullbacks profitably for the past 3 years, and yet buying pullbacks still feels counterintuitive to me.
Trading is extremely difficult, because what is actually working for you, will likely also be what makes you doubt yourself the most.
To me, buying breakouts feels the most natural and intuitive. They're easy to spot, volume confirmation is easy to comprehend, bases are clear and structurally sound, yet I've never made them work profitably for me.
Pullbacks on the other hand... Harder to spot a sound entry, often lacks volume confirmation, everyone else thinks the uptrend is over. Entering something, when everyone else is screaming for further downside, is a psychological monster to overcome.
Even with 3 years of doing it profitably, I still tend to doubt my entry signal before entering... But you just have to do it anyway. And that is what makes trading so very f...... difficult.
This is it.
Never quite made breakout trading work for me. I traded the right stocks, but often got shaken out after my entry, just to watch the stock explode higher.
I then started entering primarily on those shakeouts and reversals, which made all the difference for me.
Reviewing your trades are crucial to figuring out how and where to improve.
As @1ChartMaster Said.. profitability might just be small tweak away.
Trees are getting shaken now.
Overall market environment for tech stocks is still subpar. Still wathcing them for possible reversals at key areas.
