Glenn Budde
Members+-
Content Count
315 -
Joined
-
Last visited
-
Days Won
20
Content Type
Profiles
Forums
Calendar
Member Map
Everything posted by Glenn Budde
-
8-22-19 6 hours sleep but feel very fatigued .... SSS and a Cappuccino PAT: After Williams Trade Review I should slow down and stop with the pre 5min trades..... Pay more attention to Volume when looking for reversals, ABCD ect........... After last nights review with William I do need to watch partialing out too early, read the charts...... Try moving away from the 1min for reading charts and use for R/R only........... Well another terrible day... Made more mistakes today than I have in the last week.... I got terrible entries with the spread..... I was not on montage when I tried to enter a couple of trades and when I realized it I took the trade anyways out of frustration.....I was taking trades without clear patterns........ I did not respect the price action that I was reading and turned small losers into very bad losers..... Overall when I felt the way I did when the market opened I should have walked away.... Here are a few of the trades I took.. I will forgo the explanation as it is explained here.... Maybe Ill come back after a couple hours when I am in a different frame of mind.... back after a nice long break..... Looked at a bunch of misses but was determined to not take a trade unless it made total sense to me... This trade got me from a ridiculous Red day to a 1R Red day... +KEYS Revesal on a strong stock breaking the 9 and 20, stop at 99.60 break below the 9 target HOD 100.00....... took profits due to the even 100.00 mark and more at each R and at the .50, all out at new low.... Maybe I should have held on to it for break of the 9ma instead, I was starting to think about P&L instead of the trade +216.75 Cons:I got terrible entries with the spread..... I was not on montage when I tried to enter a couple of trades and when I realized it I took the trade anyways out of frustration.....I was taking trades without clear patterns........ I did not respect the price action that I was reading and turned small losers into very bad losers..... Overall when I felt the way I did when the market opened I should have walked away.... Here are a few of the trades I took.. I will forgo the explanation as it is explained here.... Pros: None.... Maybe the ability to walk away but too late.... Came back with a fresh look and found one I liked.... Profit Target (R Value) 50.00: (262.40) WOW.... / (45.65) after a long break
-
I tried to revive one of them..... Hopefully they will see it here...
-
I am in Cape Coral..... Would definitely attend.... Was trying to get something going in South Florida Club.... even though it would be a further drive Orlando area would be more centralized.... Or we could just go all the way down to Key West (my hometown).....
-
8-21-19 Slept 6 hours up at 7:45.... SSS and a Bucci..... Fell rested and ready.... PAT: Follow my Sticky Notes........... Pay more attention to Volume........ Share sizes are getting better but still need a little work......... Follow my Plans........... Only try the first 5min if I can control the stop and it shows strength for the move........ +LOW ORB two trades..... Trying to take a trade after the first min was stupid, second candle broke the first and I got stopped out.... second ORB was another mistake as it was heading into resistance and the 5min candle was all lower lows and lower highs........ both of these trades I took way too much share size and my lost was huge (which I didn't know till now)..... -310.00 WOW share size.... - LOW Peters VWAP (lightning bolt), I took small share size for my uncertainty and added too much so I partialed out 1/2 right away to get my share size to what I wanted it to be...... took profits on the way down and all out on a new high... +112.34 +TRGT ORB two trades.... first on on 1min ORB, got stopped out below 9 and 20..... second one I waited for the 5min ORB to break the high of prev. candle at 9.60 stop below the 9 and 20 at 9.40 and target of break HOD at 100.20 and took partials and all out with lots of red on the time and sales and a price action change.... +105.50 +AMD ABCD took 1/2 share size and added to it for a full share size... I took almost all of it out and set a stop limit to BE while I looked for other trades........... +81.78 Cons: Took way too much sahre size on the pre 5min ORBs.......... I still did not pay much attention to the Volume until after I was in the Trade............. Pros: I did ease into the LOW short, took too much on the add on and took some of it back out to make shares correct....... Profit Target +50.00: (10.38) I will continue to try trading in SIM of SIM for the rest of the day... +TGT End of Day... wanted in at the 1535 candle but was scared to enter.... Took this long because of how strong it was all day and it seemed to have the momentum to break the HOD..... Also on the 1min it was usinfg the 9 as support............ ended up getting in with some FOMO and want to see if I can make some profit on End of Day.... (this is something else I am working on when I am home) Any end of day traders please let me know if you have any comments....
-
Welcome I too am very new.... I was on here for about 15 to 20 days just watching and reading and have now been in SIM for about a month. The amount of help from this community is above expectations and the knowledge that I feel like I have gained is also. Have a fun journey and good luck...
-
8-20-19 PAT: Control my Trading..... Don't forget about LVL2....... Work on my plans and strategies that have been working for me....... Keep working on proper share sizes...... Review my Sticky Notes...... Pay more attention to Volume... I did do a bit of trading today but I do feel good about all of them and I was not trading to trade. Think I will call it a day with close to 5R on the day.... -BIDU ORB first 2 min. Kept a tight stop and took partials too early due to lack of confidence in the first 5min, overall I still feel good about this -BIDU Peters VWAP M pattern (more of a C setup so on a recommendation from Bo Trail I took very small position) on this one I got stopped out at 24.00 loss but I was trying to hotkey in the chat area so I ended up a 45.00 loss +27.23 +AMD ORB first 3 min Kept a tight stop -30.00 +IQ ORB Took partials early on and held on to some for a price action change +104.67 +TJX Peters VWAP Reversal Should have reentered if I wasn't watching so many stocks This also could have been a huge winner +52.25 +MU Reversal above VWAP showing strength crossing the 9 and hitting the 20 on the 1min and 5min along with hammer on the 5 and second bullish candle on the 1 I went in with small share sizes and added twice upon confirmation, partialed out and all out when 5min started making new lows Cons: I did break my before 5min rule but I will try this for awhile (I will take this off of my Rules for a bit and see if I can make this work Pros: I feel like I stuck with my rules (I did go into this day wanting to try something new so I traded the pre 5min) ..... I stuck with my plans that have been working for me......... I paid close attention to all my Sticky Notes and PAT... Profit Target +50.00: +242.85
-
8-19-19 4 hours sleep up at 7:40 and feel good......... SSS and a Bucci.......... PAT: Keep adjusting my share sizes......... Trust myself and my patterns.......... NO Revenge ........... Trust myself and my setups, they have been working....... I need to start paying more attention to the Volume when candles are making moves.... I will also try to not go back to my P&L over and over.... 0950: Here I am early due to A couple trades going bad and one bad trade IMO +MU trades both ORB second one did not have much merit.... The first one I feel fine with but I took way too much share size (double the size = double the loss) for the stop loss The second one I took when I thought it looked Bullish without much other confirmation I also did not pay attention to the LVL2....... The third was an ABCD, another hot key error.... I took it long and partialed out When I went to partial out again I closed my position on accident The fourth took it as an ABCD on 1min but after looking at the 5min I should have entered earlier for the VWAP break....... once again I went all out when I meant to partial so I reentered at a bad spot (I would hope that I get these simple mistakes out of my system before my plan to go live in two months)...... I can not even believe I have made the same hotkey mistake again..... The fifth should just be a continuation of partials.... This MU trade should have been one trade since trade 3..... 1157 trade on a VWAP bounce and back to my partialing out and sticking to what has been working for me EXCEPT... I did close my pos. way early because I am scared for the day.... 1315 yet again I took another bounce off the 20MA on 5min (it has been bouncing off of the 20 over and over) +150.05 Actual with mistakes....... not even sure what it would have been without them and dont want to take the time to figure it out........ +AMD ORB Engulfing Crack that went bad.... I partialed out and let it turn into a looser.... (27.00) +IQ ABCD holding the 9... tried something new for me, adding into a trade I think is going well instead of partialing out. Not sure if its the erratic market per Brian and Norm or I should have just stayed with my normal setup and plan then would have yielded a small profit.... then I accidentally shorted it and got right back out..... 1027 looking for a possible long again waiting for confirm. but it plummeted again...... Lost instead of made a profit..... (100.00) +UBER plan worked but I did not stick with my plan and partial out on the way up then close pos. at BE..... Need to go back to what works for me.... (30.00) Overall this is an embarrassing day. I tried new things that didnt work along with some extreme over trading..... Cons: Over traded by a boatload...... first couple trades I forgot to look at the LVL2 before entry...... My hotkey errors were out of control..... I left behind my plans and strategy that has been working for me most of the morning..... Took incorrect share sizes...... Pros: I took a break for a bit came back fresh and traded more to my style and took myself from a 110.00 looser to a 6.95 looser.... I feel like the MU and AMD ORBs were sound but just didn't work out... Note to Self: I am going to start omitting this section but instead I will start my next days log with PAT (Pay Attention To) and review it before my trading day begins Profit Target +50.00: (6.95)
-
I work in a poker room as a Floor Manager.... If you not a poker player it would be similar to a Pit Boss in Vegas.....
-
8-16-19 Up @ 7:35 7hrs sleep...... rested, SSS and a Bucci I started my day and forgot to log here first after these first two trades Ill take some time to log and clear my head......... PAT: Still need to fine tune my share sizes....... always use my Sticky Notes.... -AMD and flipped to +AMD on ORB ...... third 5 min candle broke the low of previous candle bodies, got stopped out and seen the action completely change so I flipped and took profits on the way up this candle till price action changed again.... +AMD flipped to -AMD on ABCD and a reversal all based on 5min..... got in late on the ABCD with small size (again not trusting my setups and myself) and added to it after confirmation, partialed out three times and all out on new 5min low..... seen the price action change to the short so I flipped the position, took partials and held for a bit, when I realized that I didnt have many shares left I just got out as I didnt have much more to gain. +91.62 +CSCO 3 times on ABCD all fails.... I did take too many shares on this also (500 instead of 400) on every one..... First I took when it went above the 9 to what I hoped was D..... Second bounced back off VWAP and again over the 9....... I should have never took the 3rd trade on revenge with no good stop loss calculated........ (165.00) +TPR VWAP Reversal (lightning bolt)........ Found this pattern from Peters Class but I got in late which moved my stop after partials to BE and got stopped out loosing lots of profit if i pulled the trigger at 19.60 like I should have (again no trust in myself or my setups) +15.25 Cons: Still messing up my share sizes but getting a little better........ Back to not trusting myself and my setups, they have been working..... I did revenge trade on CSCO Pros: I did pay attention to all my Sticky Notes and PAT.......... I am getting much closer to correct share sizes......... Using new price action after entry I was able to flip and make more profit..... Note to Self: Keep adjusting my share sizes......... Trust myself and my patterns.......... NO Revenge ........... Profit Target (+50.00): (58.13) Over all for the Week Target (+250): +397.78 Done for the Day.... If I come back it will be SIM of SIM..... Took a closing 5 min trade..... not sure if I am supposed to treat this like an ORB but .... Seen the 1550 Candle as an engulfing crack and confirmation by the open of 1555 candle and added to my position on the pull back...... Also the LVL2 looked to be Bearish along with the +1.6% on the day (I figured that people would want to take profits for the weekend) took 50% profits all the way to 3 seconds before close... Not sure if any of this is sound so if any Veterans would like to comment that would be great... This trade would end up making my day break even but there is no way I would have done this with real money so it will just stay down here..... +69.07
-
Thank You..............
-
8-15-19 Up at 7:30 with 5hrs sleep. SSS Coffee.......... Thinking I may start waking at 8:00 as I have got much faster at premarket research........ PAT: Continue using my Sticky Notes as my guide............. Do not overtrade out of boredom........... Look for more Patterns........... Fine tune trade sizes for R/R............. Look out for strong MAs.... Need to get back to my basics and stop trying to rush / mirror trade..... Take my patterns and do my normal partials and honer my stops.... -MU 42.27 ORB .04/.19 @ 500 shares (with a .04 risk I should have taken 1000)............ I also made a hotkey mistake and took a quick in and out on for a small 5.00 Profit which turned out better for me this time....... All partials were 25% ......... +92.01 -AMRN 14.73 VWAP .05/.25 @ 500 shares (was gonna take 800 but with the day moving on I decided to go smaller)....... entered when it broke below VWAP and had the 50 and 200 as resistance on the 2min and the 9 and 50 on the 5min........ Ultimate target was Pre-Market Low 14.48 but was happy to hit the 200ma on the 5 (I was slow on the trigger)......got all out with profit as the market in general was chopping pretty bad...... I need to stop messing with my targeted stops (BE after a partial) as this could have been a big win..... +30.26 Cons: Should have taken double the shares on MU which would have been a one and done...... Should have hung on to AMRN for BE on final, it did end up going to my ultimate target for way more profit (I may be a little tight when it come to taking profit and running).......... Still need more fine tuning on my share size Pros: Waited on the first 5min to trade...... I did honer my Sticky Notes and PAT Note to Self: Still need to fine tune my share sizes....... always use my Sticky Notes.... Profit Target (50.00): +122.27 Done for the Day... If I take anymore trades It will be SIM of SIM
-
8-14-19 tired little under 4hrs sleep...... SSS, Bucci, and Iced Coffee..... PAT: Sticky Notes.......... Do not trade out of boredom, Walk away or Journal........... Look for more Patterns........... Fine tune trade sizes for R/R............. +AMRN ORB R/R .08/.34 took 500 for 40.00/170.00 risk was below VWAP at the time +72.42 +JD VWAP False Breakout reversal......... Didnt let it go to my Stop as I did not like the price action change....... .05/.18 , 25.00/90.00 -15.00 Cons: The JD trade after some thought was bouncing off of the 50ma and is something I should have picked up on Pros: During these two trades I did follow all my Sticky Notes, Rules and PAT........ Even though it was tough I kept myself from trading AMRN in the first 5........ Note to Self: Continue using my Sticky Notes as my guide............. Do not overtrade out of boredome........... Profit Target +50.00: +57.42
-
8-13-19 4hrs Sleep SSS, Coffee and toast..... Long night...... Pay Attention To: Follow Sticky Note...... readjust my share sizes for max loss of 50.00........ Look out for strong MAs.... Need to get back to my basics and stop trying to rush / mirror trade..... Take my patterns and do my normal partials and honer mt stops.... +MU my mistake was got trigger happy and took the trade before the first 5 and got stopped.... If I would have waited for the next 5min candle this would have been a one and done.... Also took a bit too much share size..... (60.00) JD .... Christmas tree.... best that I can describe ......... 1st, Long and got stopped out which was too tight.... I took the trade again with the proper stop, took some profit before BE then took it again on an ABCD and with a boob mistake I took more instead of continued to take profit..... kept taking it for small profits... Most of my entries were due to lots of large ASK orders in the proper price range.... (31.68) Hot Key mistake.... Added to a winning trade instead of getting out on accident should have been about +100 +AMD Reversal off of VWAP on the 5min using the 20 as a stop and yesterdays marker for profit..... +AMD bounce off VWAP again but this time the BID orders coming through were very strong and the action went fast and I got out a little after my stop (I was just a little slow)..... Don't even know why I took it on the third.... Was bored and realized it so I got out at BE to not mess with my day..... And now I am completely over trading and I will call it a morning and come back in the afternoon or tomorrow.... +40.83 CONS: Over Traded overall in a big way, took several trades out of boredom and ended up getting out of them mostly at BE (negative after Fees).......... Traded MU in the first 5min and cost me a one and done.......... Still need to fine tune my trade sizes.... PROS: I did follow the rest of my PATs........ I do feel very good about following the LVL2 and using it to get in and out of trades Note to self: Sticky Notes.......... Do not trade out of boredom, Walk away or Journal........... Look for more Patterns........... Fine tune trade sizes for R/R............. Profit Target +50.00: (50.58) .........Bad hotkey mistake should have been about +120 JD............ just trying to trade mainly off the LVL2........ Seems to work for quick scalps....... Short for a quick 10.00 then long for another 40.00
-
I see that was probably a big mistake trading into the 200....... SMH....
-
8-12-19 5 hrs sleep and rested well. Up at 7:30 SSS and Bucci Pay Attention To: Trading into Resistance .......... Taking proper share sizes......... No Trading in the first 5.............. stick to stocks 15.00 - 90.00......... My Sticky Note (Spreads, R/R, Pattern, LVL2) Here early after two very bad trades....... Will wait for the right set up and use smaller share sizes as I am near my max loss for the day after these two..... In total this is a Blowup Day, just glad Im in SIM for at least another 2 months .......... +MU got Stopped out below VWAP.... Had bad entry and rushed into it reading chat for ABCD........ (41.00) -AMD ORB Engulfing crack...... not only got a very bad entry but also took a strong stock and tried to short it..... I did not even notice the 200MA I was trading into......... (80.00) Traded two more + GGAL this should have been a looser as I did not respect my stop............. +58.00 .............. and +NUGT ABCD again I did not respect my stop below 20MA but once it came back close I got out (I also was frustrated and stopped watching it for about 3 min.) .......... (70.00) I will go pack up orders for the day and come back fresh I hope........ Came back and still couldn't find what I was looking for ..... So I just started playing around with some other stuff and coming back and forth to the chat.... Ended up taking -AMD for two trades... First one I seen a 90k BID on LVL2 so I jumped in for a scalp then reentered later with an add on on a pull back for some nice profit. My R/R was 5r or more and I am still in some till I have to head to work in a bit.... Profit thus far ..... +243.97 total after I go stopped out +289.19 CONS: Adjusted share size too much and was now taking too much......... I felt very scattered when market opened and I should have just walked away......... GGAL and NUGT were more revenge trades than anything else....... I did NOT respect my stop losses on GGAL and NUGT....... I did trade into a 200MA that I did not notice till now........ PROS: Even though GGAL and NUGT were revenge and I did not respect my stop loss I did go by the LVL2 and it did move in the direction that was predicted NOTE TO SELF: Follow Sticky Note...... readjust my share sizes for max loss of 50.00........ Call it a day when I've made bad trades and I know I am not thinking clearly....... Look out for strong MAs.... Need to get back to my basics and stop trying to rush / mirror trade..... Take my patterns and do my normal partials and honer mt stops.... I am starting to feel Like my trading is better late morning early afternoon..... P&L Target 50.00: +156.19
-
8-9-19 Rested well no work last night with 7 hrs sleep. woke at 7:40 SSS and a Bucci Pay Attention To: Look at my sticky note for PAT before trades...... Continue to watch the spreads.......... Make sure I have clear R/R........... Take less trades with a more clear pattern...... Pay attention to LVL2 before I take the trade...... No Trading in the first 5.............. stick to stocks 15.00 - 90.00 I feel good about this tough day..... most have said the day was tough to trade...... Took 5 trades and found patterns and used the LVL2 like a bible for my partials and all outs......... I did not trade the first 5min and I did stick with my price range +NKTR 18.14 I took this on mainly an ORB with confirmation on LVL2 with S/T 18.00, 18.45 My plan is to partial out 25% at 1R taake 25% more at 2R and once it breaks to 50MA take more as it goes...... I took 25% at 1R as planned then took another 25% at 1R because of the BIDs on LVL2, it did move up to my 2R where I partialed out another 25% and instead of waiting for BE I went all out at 1R again due to some large BID orders in the lower price range +47.14 +AMD 33.62 Break of and a bounce off VWAP S/T 33.52 below VWAP, 33.92 Yesterdays Close I partialed out at 33.70 due to large BIDs in LVL2 and all out at BE with more large BIDs inLVL2 +10.00 +AMRN twice 14.79 double bottom reversal but I waited way to late wanting more confirmation, LVL2 was pretty flat. Only reason for the first partial was because I took too much share size and wanted to get back to where I should be. my S/T was very tight at 14.76 bottom of this 5 min candle and 14.86 break of the 9 and 20 and hopeful for VWAP. I partialed at 14.87, 14.83 and all out 14.81 all due to the LVL2 orders 14.74 tripple bottom and I didnt want to wait. I did have good confirmation on the LVL2 that the price action is going up My S/T 14.70 previous day level 14.84 break of the 9 and 20 and hopeful for VWAP I should have partialed out at 14.80 as the LVL2 was turning but I held on to a BE trade which if i stuck to my plan this would have run up to 14.89 15min later I also did not take proper share sizes (way too little) and cost me money +22.07 +MU 41.02 break of the 9 on 1min also after a DOJI on 5min with good volume and good LVL2 price action S/T using the previous DOJI top and bottom of 40.95 - 40.17 shooting for the 20MA of 41.25. I ended up partialing out and all out at BE due to more crazy BID action on LVL2 +11.25 Cons: I did not take proper share size on AMRN costing me money (should have been triple).... I do feel like I still have trouble trusting myself and I wait for too much confirmation before entry... I think I may be getting a little too tight on my R/R...... Pay attention to resistance averages, too many to trade into..... Pros: I did use LVL2 like the bible and it saved me a bunch.... I did stick to PAT and Sticky Note...... Note to Self: Choose share size wisely.... Try to find setups with larger price action......... I will continue to use my same Sticky Note...... P&L Target 50.00: 90.46 I will continue to watch and take more SIM of SIM trades
-
It works just like the real thing. There is talk about being able to go back in time but I think that is gonna be a paid add on and probably only if you are live. Maybe Andrew will end up with it and be able to send us to a spot in time and see if we can catch certain setups but I think this is still in the near future
-
Mark D. Day Trading Journal - Live 2019
Glenn Budde replied to Mark D.'s topic in Day Trading Journals
Without seeing what the LVL2 was doing I feel like these were good partials........ Great trade IMO...... I do like to partial though to lock up profit and move my stops........ -
8-8-19 I feel a little tired from 3.5hrs sleep but much more alive than yesterday. Closing at work was a little long. Up at 7:30 SSS and a Bucci Pay Attention To: Continue to watch the spreads.......... Make sure I have clear R/R........... Take less trades with a more clear pattern...... Pay attention to LVL2 before I take the trade...... Think I will start using a post it on my screen to remind me of my PAT (Pay Attention To) list My start of the day was terrible and I didn't even look at my PAT so here I am to take a small break and log +AMD once before the 5min which I said I will not do.... I took it as an ABC that did not pan out very fast....... Ill sit on my hands again like I did yesterday..... +AMD This time I seen it bounce off the VWAP 3 times when I took my entry and added to it when I had confirmation and got out when I thought the price action was changing.... I could have given it more room and this would have been a real money maker... Total for two trades +53.75 +LYFT was looking at the 1min only and made a mistake of it breaking the 9MA which failed and after looking at it on the 5min and 15min it was a sure sign of it as more of a pull back than anything else (33.00) +MU I seen the DOJI and the possibility of a reversal then crossed that to LVL2 which led me to the long with a target of VWAP and after it busted the VWAP it still had nice orders for the long so I added some more and then waited for the price action to change along with the BIDs on the LVL2 +100.65 Cons: Started my day out not paying attention to my PAT..... Went into a trade pre 5min ......... did not have a clear pattern on LYFT....... Pros: Once I realized I had no self control with my PAT I took the time to come here and journal to clear my head.... Went back and muted the chat so that I could concentrate and find my own patterns..... Using LVL2 I feel like gave me the edge on MU Note to Self: Look at my sticky note for PAT before trades...... I will keep this the same for tomorrow .......... I had Roku on my watch and did a mental trade on it and realized the price action is a little too much for me and that I should stay in my price range of $15 - $90 P&L Target 50.00: 121.40 I am done for today but may try some SIM of SIM for practice later.
-
8-7-19 Overall I feel a little tired as of now, woke at 7:40 (hitting snooze) only about 3.5 hours of sleep. Work went a little late last night. SSS and a Bucci Pay Attention to: Do not trade in the first five..... make sure I have clear R/R .......... Pay attention to the spreads......... I made sure to sit on my hands for 5 min. plus +AMD ABC a little late but just tightened up my R/R took 25% x 3 then all out at a little above BE when I seen the price action changing +54.74 +CVS on what I thought was a pull back on an ABC but was a reversal Also took a bit more shares than I should have my stop should have been 1R ($50) but was instead Also I did pay attention to the spread but it was also a little high for my likening (70.00) +MU looking at ABC on 1min. again did not like the price action after I entered so I partialed out early and moved my stop to a profit +29.98 -AMD went with a reversal without good confirmation. The bear candles did not cover the late Bull candle. I did realize it and took only 100 shares and got out for a very min. profit +3.00 Pros: Obeyed my stops and did pay attention to the spreads...... I also took a break between trades that I needed to review myself........ I did have clear R/R levels Cons: I am entering trades a little late because I still do not trust myself....... After I took a couple of the trades I then looked over at the LVL2 Note to Self: Continue to watch the spreads.......... Make sure I have clear R/R........... Take less trades with a more clear pattern...... Pay attention to LVL2 before I take the trade...... P&L Target 50.00: +17.72
-
8-6-19 Overall I feel rested, 4.5 hrs sleep, woke at 7:30 SSS coffee and toast Today I will try something, If I take a trade either with a very bad entry or false setup I will come here to log and then continue giving myself a few minutes to reflect and make improvements. I will also attempt to keep up with a P&L +AMD for a scalp, entry a little late then tried again on 1min but it was just a pull back. (8.00) -TTWO I did not have defined stop or profit targets and ended up out too early. (67.00) -ACB 6.94 again late should have been in at 7.00 A hotkey mistake I thought I covered when I seen a change in the pattern at 6.85 +45.00 -ROKU 99.89 (I programmed the hot key wrong and instead of partialing out 25% I was adding 800 shares same as above) I did exit early on a pull back when I should have read the level 2 that Andrew called after my exit but would have ended up the same way after looking at the charts +87.00 / with my hotkey mistakes it did come out to a loss ...... my hotkey was a program error on my end.......... +MU 42.01 s/ 41.95 yesterday close t/42.18 MA, 50% out at 42.12 and stopped at BE +27.50 +BABA took it as a pull back but ended up making a double bottom and then I scared myself into not trading the double bottom and thinking that I may be revenge trading. I did stop at my stop loss for minimal damage (32.00) Pros: I did obey my stop losses and took a break in between my trades that I did not feel good with Cons: Did what I said I would not do, I took trades for early scalps and did not have any good patterns that I recognized early on. I also did not have clear R/R targets on a couple of the trades Note to Self: Stop trading in the first 5 min......... make sure I have clear stops and profit targets ......... P&L Target 50.00 +52.50
-
8-5-19 Up at 7:30 felt rested. SSS and coffee TSN took it long twice and short once. Pretty disgusted that I did not realize the spread was 28 cents. 1st took it long and thought I took some profit should have stopped at BE since IO did take profit but let a winning trade lose money. 2nd I did see the bounce off VWAP and took my eyes off of it for too long and missed my profit. I got pissed and then took it short for a mini Hulk and got stopped out again. +SBUX 94.27 got stopped out 94.14 which was below the 20MA +NUGT 37.11 partialed at 37.25, 37.38 and stopped at 37.08 (This was my only focused trade I took) +TVIX I misread a reversal on the 1min and stopped myself early from fear of previous trades. If I would have stuck with my plan of a stop below VWAP I at least would not have lost money on this one Came back after a rest and I found NUGT doing a reversal (a little bit late) which I did not think was too late but only cuts down on my profit.... +NUGT 37.04 S/ below 9 36.84 T/ 37.44 Partialed out at 37.30, 37.54, 37.74 and all out at 37.32 ..... I moved my stop to BE on the first partial then to 37.30 on second partial and my final stop was below the 9 . I will start putting in my pros and cons of the day along with notes to myself when needed Overall: this was a net loss day which was mostly due to my blowup early on TSN which ended up being -10R (WOW) Pros: even though I hulked on TSN I did stick with my stop losses on all trades and had a R/R in my plan Cons: after my second trade on TSN when I realized my mistake of the very large spread I let it get to me and was taking trades out of frustration. Note to Self: pay attention to the spreads ........ if I feel frustrated leave and come back later or another day...... I also need to trust myself I did not take a couple trades as I was listening to the chat.... As the pros are always telling us to trade your own style..... I feel like I have been better at 10:30am and on, maybe due to feeling more awake from my 4 hour sleeps
-
Welcome George, I am also new here. I have learned a ton in the last 3 weeks and can see where this will lead me to a new adventure in my life. Good luck to you and have fun doing it
-
8-2-19 Rested good up at 7:30 SSS and coffee Felt good lots of research (maybe felt too good) Overall a Bad trading day due to lack of patience to wait for a setup that I am familiar with. I will let my charts do most of the talking. +AMD for ORB worked out OK...... second trade was a little FOMO as I was looking at the ABC after it happened and my R/R was not good,..... third trade was taken as a reversal but yet again I came back to the chart late and had FOMO again and got stopped out...... and yet again on a fourth trade I went long on a reversal that I was right about but instead of sticking with my plan and partialing out I added to my position and did not make much on it as I should have. +MU thought it was bouncing off the prev. day close and going to the high of the day, got stopped out at just under prev. day close..... second trade ABC breaking the 50 and 20 partialed out twice and closed at BE..... third trade Thought it wasgoing to prev. day close as it was crossing to 50 but got stopped out. +SQ I was watching the 5min only and took the trade thinking that it broke VWAP and was heading to low of pre-market, but if I would have paid attention the the 1 min. I would have seen the DOJI along with no new Hi. EDIT I took -PINS at 34.62 (the spread was higher than I anticipated) at 12:01 s/34.74 above the 9 t/33.76 5min. VWAP, took 25% 33.99 to protect earnings, 25% at VWAP 33.78, 25% 33.25 hi of pre-market...... brought stop loss up all the way and final stop is a new high on 5min of 33.33 Overall I would have lost 180.00 which is above what I should allow. My R value is 50.00 after my walk away and return to trade I found this reversal and end up with a $300 Green Day..... This makes my weekend much better...
-
8-1-19 Woke @ 8:00 very tired from last nights work. didnt eat well and had a lot of problems at work. SSS, coffee and a bar. I feel like I am getting much better with the pre-market and gathering my watch list I missed SPWR on ORB because of my past false reads within the first 5 min. I was having serious FOMO but I did not take it 9:45 +AMD ABCD on 1 and 5min, s/31.04 just below the 9, t/ 31.33 a daily that I have marked. I did take two trades because I wanted 500 shares and I only have hot keys for 400 and 100 (Ill fix that). This is the first day that I am now trying to work onj a fake $5K account (which is where I plan on starting). Took 50% Partials at 31.34 and 31.42, kept my stop trailing at under the 9 and got stopped out at 31.23 for a GP of 92.25 and 88.87 after fees This is my first one and done (in SIM)