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Glenn Budde

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Everything posted by Glenn Budde

  1. 3-5-20 AIS 1145, 7 hours, 7/10 PAT: only PB#3 Live and all PB#3 Live .... Over-trading AAL Reson2Trade: Virus has been bad news for travel, On Scanners, RVOL was 247% at time of trade and 402% yesterday PB#3, Trending the 9ema on the 5min, a pullback and confirmation of ABCD on the 2min with small entry and increasing upon further confirmation. In at 16.75 Risk was 16.82 and target was 16.50 (3/1). Took 25% at 1R to reduce risk as SPY is getting close to a possible double bottom. Took 25% more at 2R and am very happy that this is not following SPY but it is only Helping it out. 25% more at 3R as this 16.50 was a struggle and there was someone holding the BID. Once it broke out with serious volume I took another 25% at almost 4R. I put a SSR order in for 16.55 to add on with no luck on the fill. I brought the order down to 16.47 to get filled (chased a bit here) and should have left it at .55 . This brought my average down too much so I just got all out with a mostly good trade till the add. This was an expected retrace and consolidation but I let my emotions get the best of me. +2R This trade was mainly based on it not following SPY like most other stocks and L2 2nd trade, new ABCD on 2min, set an order at 16.42 for 1/2 size with a stop at 16.50 and a target based on L2 at 16.00 (5/1). After two more 5min candles and a new 15min I moved my stop to 16.46 which would be a new 15min high buy .02 and also this will cross the 9 and 20 on the 1min. All out for a -0.2R trade 3rd trade PB#7. at 1324 and 1336, I jumped the gun here on the first one but the second one followed most of the rules of the trade. The MAs on the 2min were not pointing up yet as they did at 1346 which is the same or better entry but all align with the trade rules. I think I will add that L2 must also be turning around for more confirmation of the reversal. This trade stayed very Bearish on the L2. This did end up as a reversal. I will now need to look for better stops in the future This is pure speculation and trial and error on a new setup and was obviously in SIM Cons: a little mismanagement at the end of the first AAL trade Pros: stuck with my plan and read the tape well PB Trade: AAL Rs: +1.8
  2. 3-4-20 This is the first week that I am trying some new things. With my lack of sleep because of my job I am falling into a trend where I get super fatigued once a month and get into a Mini Hulk day and on a weekly basis I am super tired and fatigued especially on Wed. and Thur. So on these two days I will sleep in and get a good rest to trade the afternoon market where in the past I have proven to be more profitable also. AIS 1200, 7 hours, 8/10 TGT PB#3 .... The downtrend had reversed on the 15 and 30Min. I took 3 partials and all out on first trade and reentered on a new ABCD on the 2min with a partial and all out on L2 and T&S action +4.5R AMD PB#3 trend scalps... these were all individual trades for Scalps in this choppy market... 2 winners 1 looser +1R Cons: None that I can think of right now Pros: Had a plan to scalp off of the L2 and T&S and stuck to it. PB Trade: TGT Rs: +5.6R
  3. 3-2-20 , 3-3-20 Was having issues getting into the new forum Monday and Tuesday were bad days for me. On Monday I took Live trades outside of my PB#3 and had a -3.4R day On Tuesday I did limit myself to PB#3 trades Live but got chopped up for -2.2R Charts are below. I did journal these charts in Tradervue Pros and COns Listed above and in TRADERVUE Rs: -5.6
  4. 2-28-20 AIS 0815, 5.5 hours, 6/10 PAT: Over-trading ..... Execute setup when ready but do not jump the gun Bad day, I over-traded on both tickers and took too much size on both. This could have easily turned into a HULK day but talking it out helped me get out. AMD -1.4R TVIX I was way over-trading and was taking too much share size causing me to have bad trade management. -7.6R Cons: over-trading .... did not respect daily stop and once an in-trade stop Pros: did recognize my over-trading before I went complete HULK Rs: -9R
  5. 2-26 and 2-27-20 I had very limited time due to no sleep and some family medical emergencies (all is ok so far) on the 26th I woke very tired, traded MU and went back to bed to be woke up for Medical Stuff. Had a very long night at work and woke up after 1100 on the 27th. traded DIS for the first loss and started to Over-trade and revenge, highly fatigued so I have shut down my system for the day. MU on 2-26 PB#1 .... Ill let thje chart talk gonna go rest for the day. DIS on 2-27 Comp[lete Christmas tree, Over-trading / Revenge... just too tired to trade or concentrate on anything -1.8R Cons: see above Pros: recognized what I was doing in DIS so I am done for the day with a small loss Rs: for both days -1.2R
  6. 2-25-20 AIS 0800, 4 hours, 5/10 PAT: Over-trading / boredom ..... MRNA PB#7 ... 15min reversal, second 15min candle high and running through 21.25 Resistance level (old Support)... I hesitated on the partial and missed the top.... Also on the all out I accidentally reversed my position and corrected it as soon as I seen it. Even though it was looking good for a short I wanted it corrected so I do not come back and think I was a genius LOL BE CONS: I knew I was very sleepy this morning from a long night at work and should have stayed in bed for some afternoon trading Pros: I controlled myself from taking trades out of boredom PB Trade: MRNA Rs: BE
  7. Thanks, today has been a patience builder for me.... hope your day is green
  8. 4-24-20 AIS 0800, 4 hours, 6/10 PAT: Over-trading ..... Live PB#3 only ....... A or better setups ....... Feeling a bit jittery..... on Thors advice I will trade 1/2 size today..... TEVA FDA Approval PB#3 ... trending the 9ema on the 2min with ABCD on the 2 and 5min ...... first partial at a resistance level and slow of T&S and L2 ....... Second partial I accidentally hit the button twice leaving me with almost nothing... all out at the return to the 9ema on the 2min.... 2nd entry the 5min was holding the 9ema and the new, the bad was a new 15min low on previous candle but I was able to keep a tight stop at .77 for a new 15min low .... chopped in a range forever and got bored so I am all out at first target of .90 PTON PB#3 .... stopped out when it broke the trend shooting for the 20ema on the 2min .... maybe could have held through it but with the spy being so choppy I felt better just getting out and happy with a green day.... it did end up in a chop for next 15min before I turned off DAS for the day Cons: Didn't need to trade PTON so I will call this Over-trading Pros: Very patient on the morning waiting on my PB#3 setup PB Trade: TEVA Rs: +1.2
  9. 2-18 to 2-21-20 What I did bad this week: I jumped the gun on 1 Trade management could have been a little better but overall it is getting better Messed up on sizing on 2 Called out a play I did not take Took Live Trades outside of PB#3 What I did good this week: Respected my in trade and daily stops Got out after either stop for the day or a goal in mind and did not trade the rest of the day as planned on all days and did not Over-trade Getting better on Live PB#3 trades only Trade management saved me money Changes to be made this upcoming week: Work on my Trend Scalps as Scalps and not long term Trends Rules to stick by this upcoming Week: After I call it a day by either MAX Loss, Profit Target or what I am comfortable with, only use the rest of the day for Chat, Journal, Playbook ect. In-Trade and Daily Stops Do Not chase or revenge trade Live Only one loosing trade before 1100 Challenges for myself this upcoming Week: Only A or better setups at time of trade On mic trades only with my small group Take a planned break at 1100 to 1200 for other Bus. @ 0905 do some exercise and then meditate to calm myself Stay unbiased Notes: Rules are not to be broken, these will cost money every time My Challenges are almost as important as my Rules, Pay attention to them If I feel overtired I will try going back to bed and coming back to Trend Trades later.... Goals and Rewards: +20Rs or more at end of the month to consider trading with more size in the future two months +7.2R for the week
  10. 2-21-20 AIS 0810, 7 hours, 7/10 PAT: Over-trading ... Live vs Sim Screwed up on my Live / SIM but I guess it all counts anyway. WORK PB#1.1 Stopped out of first one, PB#3 Second one I meant to get in for more shares so that I can take it as a scalp, I did not so I held it at 29.20 (where I should have scalped it) and stopped at just below BE on new info from price action, L2 and T&S -1.4R DBX PB#1 Entered just before the new 5min on a pull back with good L2... added when it pulled back further still with good L2 signals and all out when the L2 Bids looke like they were taking over PB#3 Trend Scalps, Looking for just some quick profits in scalping the trend as my time is limited this morning.... both worked out and brought this ticker to just a tad green +0.4R Cons: accidentally took my first trade on DBX in Live Pros: Respected my stop loss and adjusted for smaller losses during the trade PB Trade: none Rs: -1R
  11. 2-20-20 AIS 0825, 4 hours, 5/10 PAT: Over-trading ...... Live in PB#3 only.......... SIX PB#6 Rising Devil..... Got Filled and then no volume. Between the spread was so large and no volume I took opps to take two partials and all out at BE +0.8R VIAC PB#3 ..... Trending the 9ema on the 1min. Forming a nice ABCD on the 1 and 2min. Took two partials and all out for +1.7R ... tried another trade on it and stopped for -0.5R +1.2R Cons: Called VIAC as a reversal to VWAP but did not take it Pros: In two and done for the day. I am too sleepy. PB Trade: VIAC Rs: +1.8R
  12. Thanks, but as you see the share size was very small, probably about 1/3 .
  13. 2-19-20 AIS 0805, 3.5 hours, 5.5/10 PAT: Over-trading..... Live PB#3 Only..... Wait for complete setup..... Took most setups today with small size today SPCE PB#2 .... 10 min ORB with a Bounce of a key support level with a target back through VWAP +2R ENPH PB#3 -0.6R BHC PB#3 +0.6 LK PB#3 +0.8R Cons: Took too small size on all trades..... Bad add without any technicals (just risking small gains)... Pros: entries and stops PB Trade: SPCE Rs: +2.8R
  14. 2-18-20 AIS 0755, 4.5 hours, 6/10 PAT: Overtrading...... PB#3 is the only Live Trade.... KR PB#1... 10min ORB making an ABCD on 2min but a bit early on the entry.... I need to go back to my proven ABCD entries -1R FLR PB#3 .... SSR set order for a retrace of a weak stock trending the 9ema on the 2min.. three 25% partials and an add on the pop to the 9ema on the 2min. , thinking here at this time of day I could have waited for the 9ema on the 5min instead... got all out on a second new 15min high +4.6R Cons: bad entry on KR, could have waited for the add on FLR and would have seen the first 15min new high saving me money.... Pros: Felt good about trade management on FLR PB Trade: FLR Rs: +3.6R
  15. 2-10 to 2-14-20 What I did bad this week: I jumped the gun on 1 day Over-trading on 3 days Trade management could have been a little better on 2 days Traded Live on PB#1, two trades 1 day What I did good this week: Respected my in trade and daily stops Got out after either stop for the day or a goal in mind and did not trade the rest of the day as planned on all days Getting better on Live PB#3 trades only Took PM Plan and ran with it and happy with most of my entries Changes to be made this upcoming week: Need to keep it to only PB#3 in Live account, I have set up my main montage to Live only and the other two to SIM only. I will work on this for a couple weeks Work on my Trend Scalps as Scalps and not long term Trends Rules to stick by this upcoming Week: After I call it a day by either MAX Loss, Profit Target or what I am comfortable with, only use the rest of the day for Chat, Journal, Playbook ect. In-Trade and Daily Stops Do Not chase or revenge trade Live Only one loosing trade before 1100 Challenges for myself this upcoming Week: Only A or better setups at time of trade On mic trades only with my small group Take a planned break at 1100-1200 for other Bus. @ 0905 do some exercise and then meditate to calm myself Stay unbiased Notes: Rules are not to be broken, these will cost money every time My Challenges are almost as important as my Rules, Pay attention to them If I feel overtired I will try going back to bed and coming back to Trend Trades later.... Goals and Rewards: +20Rs or more at end of the month to consider trading with more size in the future two months +3.4R for the week
  16. 2-14-20 AIS 0805, 7 hours, 7/10 PAT: Overtrading.... Trade Management.... Choosing SIM or Live CGC PB#1 Accidental Live on both.... and both stopped out -2R IMGN PB#3.... ABCD on 1min trending / bouncing off the 9ema on the 2min, also above a resistance level... stopped out at break of old resistance... -1R CARG PB#7, a new play for me. 15min Reversal... on the second 15min new high along with the close above VWAP, MAs crossed on the 1min and are about to cross on the 2min, 2min MAs slopping to the 50, a new trend on the 5 and 2min and L2 asks.... two partials, add and all out on momentum on the short side on T&S.... +2.6R Cons: Traded live on PB#1 Pros: did not trade out of revenge on IMGN after learning I was Live on accident in CGC PB Trade: CARG Rs: -0.4R
  17. I have had these days a few times and are now going back to one of my more simple things I did in the past.... I have a little Red notebook that I have wrote in No Revenge No FOMO ect.... In large print I wrote to myself Remember how crappy it feels when I break my basic rules .... It Ruins your Day/Night and sets a bad tone for the next few days I then set this book in front of my trading screen.... It has seemed to help me Take care and good luck tomorrow
  18. 2-13-20 AIS 0755, 7 hours, 7/10 PAT: Overtrading..... correct entries.... montage in correct account.... KHC PB1.1 This was a premarket callout on levels.... I was a little late on break of 28.94.... I figured if it broke .64 with momentum we should be good to 28.00.... the first partial was a little early but felt like it was a good time to lock in profits.... stop was at the top of the candle body on the 1min so I was in for a small share size..... I missed adds and partials as I was in and out with a new windshield being replaced.... +2.6R Cons: missing partials and adds..... Pros: took premarket plan and ran with it.... PB Trade: KHC Rs: +2.6R
  19. 2-12-20 AIS 0815, 4 hours, 5.5/10 PAT: Overtrading.... Jumping the Gun.... TEVA PB#1.1 PB#3 ..... This looks like a mess because I took trades in SIM and Live played off 13.07 and waited for the break of the 9ema on the 2min, the second partial was a hotkey mistake and correction...... my first Live entry was PB#3, third green arrow.... My sim and live trades were almost equal at +1R each Tried another trade right before I needed to get to other business and stopped on necessity +0.5R L +1R SIM LYFT PB#1/PB#3 (combo bonus) 5min ORB with ABCD on 1 and 2min trending the 9ema on the 1min and breaking VWAP..... a partial and add..... last two partials were from chop and all out of the market to take care of other business.... +2.6R CONS: Overtraded the last one of TEVA..... Pros: Keeping my Live trades to PB#3 only PB Trade: Rs: +2.2R
  20. 2-11-20 AIS 0820, 4.5 hours, 5.5/10 PAT: Overtrading .... LK PB#3 ...... First trade in SIM and by mistake..... bounce off the VWAP on the 5 and the 20 on the 2, partial on slow down of the tape and all out on consolidation and reason that I am missing better opportunities +2R WORK PB#3.... first entry was jumping the gun anticipating an ABCD on the 5min.... second back at 9 on 2min and again anticipating ABCD again.... third trade was same attempt.... mistake made when I did not get out when Powell came on to speak with profit and let it run to stop again.... -4R Cons: Overtrading.... Jumping the gun..... Pros: respected my in trade and daily stop loss...... PB Trade: none Rs: -2R
  21. 2-10-20 AIS 0805, 4 hours, 6/10 PAT: Over-trading, Trade management, Trust my call outs..... ADVM PB#3 on first one and overtrading out of boredom on second, both stopped out..... -2.5R WORK PB#3 .... Did not take proper share size (about half) ..... took partials and adds for a nice trade that could have been managed a bit better..... still have a micro amount left that I will let run for either BE or 28.00 ..... ended up getting stopped at BE .... +3.5R Cons: Overtraded out of boredom..... Trade management could have been better Pros: Happy with first entry on ADVM and WORK PB Trade: WORK Rs: +1R
  22. 2-3 to 2-7-20 What I did bad this week: I jumped the gun and on one I got out early for P&L reasons Over-trading.... I failed to get in on a couple adds and partials with too much hesitation even though I was calling out the trades = trade management Took a trade not in PB What I did good this week: Mostly good setups including taking one good PM Plan setup Got out after goal reached and on two days when I realized I was over=trading (revenge maybe) I turned the computer off Respected my in trade stops Changes to be made this upcoming week: I am finding myself missing setups making sure I am in either SIM or Live so I am switching over to all Live unless it is something that is not a good setup and I want to experiment Rules to stick by this upcoming Week: After I call it a day by either MAX Loss, Profit Target or what I am comfortable with, only use the rest of the day for Chat, Journal, Playbook ect. In-Trade and Daily Stops Do Not chase or revenge trade Live Only one loosing trade before 1100 Challenges for myself this upcoming Week: Only A or better setups at time of trade On mic trades only with my small group Take a planned break at 1100 for other Bus. @ 0905 do some exercise and then meditate to calm myself Stay unbiased Notes: Rules are not to be broken, these will cost money every time My Challenges are almost as important as my Rules, Pay attention to them If I feel overtired I will try going back to bed and coming back to Trend Trades later.... Goals and Rewards: +20Rs or more at end of the month to consider trading with more size in the future two months +0.3R for the week
  23. 2-7-20 AIS 0805. 7 hours, 7/10 PAT: Trade management..... Over-trading..... Got chopped up in the AM with good setups on all. Started to Over-trade so I am calling it a day and leaving with a good attitude for the weekend...... have a great day everyone.... Cons: Over-trading Pros: took good setups (they just didn't work out....) PB Trade: Rs: -3R
  24. 2-6-20 Very late night last night and slept in..... AIS 0915, 4 hours, 6/10 Thanks for the PreMarket research Ted, Carlos and Norm as I relied on them for my Stocks in Play... decided to make sure I am taking small share size in the first 30min of the market WWE PB#1.... Very small size here..... 5min ORB, break of VWAP, strong T&S and L2... with a nice tight stop and a target of the 50ma on the 2min and or break of the 20ema on the 5min ... got all out because of the small size where I should have partialed... +1.3R TWTR PB#1..... 10min ORB, ABCD on 2min, above Mas took a partial and added in for a trend PB#3 ..... Good trade but bad management ....... trending the 9ema on the 2min, after the first partial I was talking about the add at just before 1100 and did not take it (Ted did, LOL), took two more partials and added in on a bad spot when I was calling for it to go to the 20ema on the 5min...... Partial add and two more partials I am just OK with... the last two adds were not on a clear head and ended up stopping at BE.... +4.2R Cons: Trade Management could have been much better as I need to listen to what I am pitching in my group... Pros: Two winners and all out.... PB Trade: TWTR Rs: +5.5R
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