Glenn Budde
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Vikramaditya Trading Journal - Live 08Apr2019
Glenn Budde replied to IamKarthi's topic in Day Trading Journals
Love the trade and your pre-market list.... I do something similar except on paper (Im too slow on the computer) Looks like I missed a good trading day. Glad to see you caught it.... -
10-7-19 I took a long weekend and was not able to do much on 10-3 and 10-4, only premarket stuff..... Woke at 0735 with a nice 7 hours of needed sleep (this weekend was packed full of fun)..... feel rested with my SS and a coffee..... Read a little ... did not get to any exercise due to sing in issues... Did a 3 min breathing meditation PAT: Share Size.... Setup Grades.... Correct Hot Buttons... Notes: Still will continue to play with Pre 5min trading in SIM of SIM..... All trades pre 10min will also be SIM of SIM unless I feel it is an A+ setup..... I tried my pre 5min and at best B setup ORBs .... I took a bit too much on the AVYA ORBs and got stopped out twice for -127.00 and SDC pre 5min I took small share size for a loss of -22.00 and AMD for an ORB B- setup at best and a trend B- setup as it was chasing -50.00 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- I will make this my break of SIM and Live account for my information.... but as I have been doing I will still use my P&L for all trades since I do not have a way to separate them yet....... ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Only two trades I probably would have traded Live SPWR PB#3 (B setup).... I would have taken this trade Live at the time but after further review it was not an A setup.... I was chasing this trend and had a bad entry, I also see after review that not only was the entry bad on the 2min but the 30min was on the 200ma.... -50.00 OSTK PB#3 (A setup).... didnt make the + because it was a tad above my ideal entry point and found this on the Turbo Scanner. did not have any News on Finviz or Benzinga.... I did like that it had broken the 200ma and the VWAP with force from the LVL2...... I took very small share size because of my entry and added into a full position... first partial was 25% and then three 10%, all out on serious price action change.... +95.29 Cons: Early trades I am still suffering on, I need more work on these before I even attempt to go Live with these trades...... Did not analyze the SPWR trade well enough before entry.... I did chase on both my fake Live trades Pros: Stopping at my stop loss..... Did find and identify my favorite trend trades.... Favorite Trade: OSTK Notes: Even though I am working on the early market in a SIM of SIM I need to pay more attention to my share sizing so I do not take improper size on my Live trades.... While in some of my SIM trades I hit the wrong buttons again, another one to work on..... Work on analyzing my trend trades better..... R = 50.00: -153.71 / +45.29 Splitting my P&L Total of all trades / Live (fake for now)
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10-2-19 Woke at 7:40 with 4.5 hours sleep, feeling ok....... SSS and a coffee...... Read a bit in The Play Book.... A little exercise and stretching along with a short meditation.... PAT: Share Size......... Trade the Trade...... Correct Hot Buttons.... Notes: Need to take a second when exiting a trade to make sure I am hitting the correct Hot Button...... Here to journal not because I have two mistakes in a row but because I feel like I am jumping the gun with the second trade of TSG and LEN (these are both a lack of patience) UNFI PRE5.... (B- setup?)..... Bad Quarterly and a drop below the MAs on all Time Frames..... Took two large partials for most of my position and all out at BE...... +67.50 LEN second..... PB#3...... (C+ setup)...... This trend was not far enough in the day for my trading preference, this along with taking full share size was a big mistake...... I added in on the real bounce off the 9ema on the 2min and the forming of a hammer on the 5min. (I am not disappointed in this add only that I was in this trade already).... ended up getting stopped out as expected. I probably should have just exited once I knew I should not be in this trade.... Below for Chart -55.00 TSG first.... PB#2..... ABCD on the 5min.... VWAP PLAY.... (C setup).... even though I had these two confirmations I was trading into resistance.... a partial of 50% and all out on price action change.... +20.65 second was just an ABCD and listening to the Chat and jumping the gun.... F setup.... got stopped out like I should have..... -47.60 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ I will make this my break of SIM and Live account for my information.... but as I have been doing I will still use my P&L for all trades since I do not have a way to separate them yet....... ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- LEN first trade...... 5min ORB with ABCD... (A setup)..... also popped above VWAP, 9 and 20ema and the 50ma on the 1 and 2min..... The first add was not very smart as it was too extended, the second add was a bounce back from the 9 and 20ema on the 5min..... took most out at the first partial as the price action was changing and all out at BE..... +46.11 AMD PB#3..... (A Setup)..... Call this one trade as my range order went crazy (or it was just me possibly).......Not an A+ setup because it was hitting and going above the 20ema on the 2min but it was trending the 9ema on the 5min..... I set a range order and left for lunch to come back and find that it did not execute again at my profit target..... I did end up getting back to my target and a large partial out and all out at BE.... +69.10 second.... VWAP Play... PB#2..... (A setup)... took full share size.... Out because I heard Trump is supposed to speak and I do not want to hold onto it for the speech..... +5.00 Cons: Took a couple bad setups..... Did have my position size wrong a little.... Mad a Hot Button error... Pros: Respected my stops.... Favorite Trade: LEN first trade Notes: Had to leave in a rush and finish this journal next morning..... R = 50.00: +106.76
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10-1-19 Woke at 8:00 with 4 hours sleep (A bit of a unexpected long night). A little groggy today..... SSS and a coffee. PAT: Share Size...... Trade the Trade...... Pre Market Routine: no reading,,,, a bit of exersise, stretching and meditation Notes: After reviewing my Tradervue My trading in the first 5min have been profitable with trades in the 0-2min length and then after the 5min ORB is negative for the next hour....... Then it looks like after 1100 is where asll my bigger wins are with longer trades.... I will yet again reinsert my pre 5min trades but all of this will still be in a SIM when Live.... SNAP Pre 5min...... (No Grade) ..... took too much share size from the first one to the last add on...... stopped where I wanted to but took too much share size..... -90.00 X First.... PRE5..... (No Grade)..... ASKs on LV2 was insane so I went long and added in but it turned fast with the BIDs.... Got out on LV2 info..... looking at the charts now there was no Reason2Exit...... and also now looking at my P&L I see that I had too much share size (about double).... -92.00 See chart for X second trade Below TVIX PB#3..... (B+ setup) .... took 2/5 position which I am happy with.... I am not happy with the exit as I had no Reason2Exit..... I closed my position where I should have added in.... Even though I feel like this is a worthy trade I will put this up here as I am not sure I could pull the trigger on this Live..... +15.50 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ I will make this my break of SIM and Live account for my information.... but as I have been doing I will still use my P&L for all trades since I do not have a way to separate them yet....... ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- X second...... PB#1 ...... 10min ORB with an ABCD on 2min.... took full share size in two orders, the first was just a couple seconds before the 10min candle break and the second was at confirmation..... All the charts including the 30 and 60min were harmonious.... The daily had then 50ma that it was bumping on as resistance and then broke through, here is where I was looking to see if it would hold that level as a new support and if so I would or will add on / reenter..... Took 25% partials then All out on a new 15min Low and my Reason2Exit.... +216.79 MU PB#3..... (A setup).... took 2/5 position which was too small for the way I have been trading these (should have been double this)..... On my first partial I hit the sell 25% button which added to my position and brought my AVG. way up in a bad spot so I covered 50% and got me back to a small profit here... moving my stop to BE and will add in or take more small profits at key prices if given the opportunity... I missed an opportunity (was here adding to my journal instead) to add on at 1100 when it bounced off the 9ema on the 2min with confirmation...... instead I took another small partial at a key R value...... 1117 pulling back to the 9ema again, did not add here because I do not like the 2 previous 5min candles... +70.79 Cons: messed up share size a bit..... hit wrong hot buttons again...... Pros: Took two trades I really liked and I think I would trade these live if my nerves will handle it.... Favorite Trade: X second trade..... Notes: Take just a milli second to make sure I am clicking the correct orders...... R = 50.00: +121.26
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9-30-19 Woke at 7:40 with 4 hours sleep. Feel pretty good. SSS and a coffee...... PAT: Share Sizing........ Trade the Trade not the P&L........ Mute the Chat for at least 5min, I will try for 10min if I can stand it....... PreMarket Routine: Did not read this morning, did a bit of exercise and stretching and a little meditation... Notes: Read all Sticky Notes....... Play Book trades only...... I reset my SIM buying power so I can start practicing what I will start with, this will probably limit my share size on some of the more expensive stocks..... any 5min ORB trades will not be live and only maybe on A+ 10min ORB AMD PB#1 and PB#2 plays.... first 5min ORB..... (first buy sell was a mistake as it was supposed to be a short)..... No ABCD confirmation making this a B trade at best..... covered twice added in at the bounce off the 9ema on the 2min.... then all out at BE.... second VWAP reversal that failed... once I took this I realized all the resistance above and got stopped out..... third VWAP false breakout..... covered once and all out at BE.... fourth took this listening to the CHAT with a little FOMO again with all the overhead resistance (this was a terrible entry on so many levels) and stopped out but this time the bottom fell out a little quicker than I could hit the hot button on time so this ended up being a bigger loss than was supposed to be allowed.... the last one was just a double hit of the sell and I had to get back out immediately adding to this loss ... -72.00 BBBY Again this is a total FOMO chase and something I will hopefully never do Live. When I take these trades I remind myself that this would be a SIM trade when I do go Live. This was meant to be a VWAP reversal that turned out to be a VWAP false breakout..... I thought about flipping my position but figured my time would be better here logging in the Journal.... This was another one that dropped to fast for me to catch my 1R loss.... I need to start setting hard stops in the early trading morning to avoid this.... -65.00 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ I will make this my break of SIM and Live account for my information.... but as I have been doing I will still use my P&L for all trades since I do not have a way to separate them yet....... ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- THO PB#3 (A setup).... Not an A+ because the pullback to the 9ema on the 2 or 5min was not all the way to the 9ema.... Made a mistake and hit my cover 50% key and corrected it.... this cost me not only about $20 on this particular move but when I got all out it cost me another 60 - 70 bucks..... +49.78 I will come back in a bit to see if I can find my Trend setups I like..... Cons: Made a few hot button mistakes... Pros: Stuck to my stop losses even though the action was a little too fast.... Favorite Trade: THO Notes: I need to start setting Hard Stops in the early trading day to avoid larger than anticipated stops due to market volatility..... R = 50.00: -87.22
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9-27-19 Woke at 7:50 with 7 hours sleep..... Feel pretty good.... SS and a coffee.... PAT: Stick to my playbook ( PB ) and look at sticky notes frequently....NO ROKU...... Think about my trend trades when I am in them, I am mismanaging them. I do tend to take some off in times where it was a clear signal to add on.... I will not trade in the first 5min.... Mute the chat for the first 15min as it gives me a bit of anxiety and I believe leads me to less than Ideal trades..... PreMarket Routine: Read a bit..... Exercise and Stretching along with a bit of meditation...... Notes: Any 5min ORBs will be in SIM of SIM...... then only if it is a A+ setup will I go Live SIM at 10min ORBs and beyond...... CTRP I was not able to find any A+ trades for at least 10min for me so I took CTRP trying for a kind of a PB#1/PB#3 (B setup).... 10min ORB with ABCD and also a Trend adding on the bounce of the 9ema on the 2min.... My risk was double of what I intended and this was a big goof-up.....My exit was also a bit late as the action went completely crazy and I was slow on the trigger, wish I was a bit slower because I got out at the worst time.... for the last 5min or so I was looking to just felt out at close to BE as the L2 was only spiking on the move down and was struggling on the way up.... I am clicking around like I am playing fake online poker and there is no real reason other than trying some setups I hear on the chat and see if I am seeing what they are...... no need for explanations or charts for these.... ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ I will make this my break of SIM and Live account for my information.... but as I have been doing I will still use my P&L for all trades since I do not have a way to separate them yet....... ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Cons: I messed up my share sizes today very badly, even though I would not trade these in a Live account I still need to be aware of the size I take,,,,, CTRP way too much and AMD too little on the second trade...... Pros: Guess its just that I did not trade any serious setups (Fake Live)..... Favorite Trade: none Notes: none R = 50.00: scratch.........
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Vikramaditya Trading Journal - Live 08Apr2019
Glenn Budde replied to IamKarthi's topic in Day Trading Journals
Thank you for this...... The info William gave was also great.... I only use the 1min to find a stop sometimes but as the discussion was going I kinda feel that almost any entry would not have been worth the R/R..... I have started to try more scaling in the last two weeks and it seemed that I was going backwards in my trading.... I will continue to try new things once I go Live but in the SIM acct of course,,, Thanks for the input I do truly appreciate it..... -
Vikramaditya Trading Journal - Live 08Apr2019
Glenn Budde replied to IamKarthi's topic in Day Trading Journals
Thought I seen a question from you in Williams Trade review but it went by and now I can not get it back.... Sorry.. -
Rob C's Trading Journal - starting Feb 1 2019
Glenn Budde replied to Rob C's topic in Day Trading Journals
I like your discipline switching to SIM and I wish I had it in me to find the AAPL and ROKU type of stocks to trade but I just do not have it (they give me anxiety, LOL)...... I will be going live late next month and am setting myself up to trade SIM in the early part (no live trades for the 5min ORBs) and very discretionary on 10min ORBs until I start to find my trends....... I just hope I will have your discipline..... Hope today is green for you.... -
9-26-19 Woke at 7:50 with 4.5 hours sleep.... Feel ok but a bit groggy.... SSS and a coffee..... PAT: NO ROKU...... Think about my trend trades when I am in them, I am mismanaging them. I do tend to take some off in times where it was a clear signal to add on.... I will not trade in the first 5min.... Mute the chat for the first 15min as it gives me a bit of anxiety and I believe leads me to less than Ideal trades..... Pre Market Routine: Read a bit..... Did a little stretching and breathing exercises for a Calm beginning Notes: Any 5min ORBs will be in SIM of SIM...... then only if it is a A+ setup will I go Live SIM at 10min ORBs and beyond...... CCL PB#1........ 5min ORBD, with ABCD on the 1min (B setup)..... I did not wait for better confirmation on the ABCD and entered before it made a new low on the 1min........ got stopped out above C.... -44.00 MO PB#1..... 5min ORB with ABCD on 1 and 2min, breaking the 50ma on the 5 and 15min (B setup).... because the 50ma is a strong resistance on the 5 and 15min..... In half size and added at more confirmation of the break of the 50ma.... Partial at 1R then out at BE.... I did end up liking this trade for more of a B+ - A setup but would have still taken this in SIM of SIM because of the 5min ORB.... +26.00 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ I will make this my break of SIM and Live account for my information.... but as I have been doing I will still use my P&L for all trades since I do not have a way to separate them yet....... ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- RAD PB#1 (A+ setup) turned into PB#3.(A+ setup)..... 10min ORB with a very clear ABCD on the 1 and 2min, All moving AVGs below with a Harmonious Charts on top of profit beats in the news with a large Short Float the shorts should get squeezed.... I went in for 1/2 size then immediately added to full share size and again added to 1.5 share size when the L2 had lots of pretty good size asks the RR was 2/1 where my stop was C and target was 9.33 a daily level..... Took some profits on the way up at 1.5R and 2R, held on through the consolidation (was holding for BE) then the very clear ABCD formed on both the 1 and 2min and again with L2 sending all the right signals added back in to a full share size this time with a RR of 4/1 again took profits at 2R, 3R twice and 4R and then all out once it made a new low on the 5 and 15min and this was my Reason2Exit.... +260.55 Cons: I only feel like I jumped the gun a bit on the CCL trade but not a terrible thing as these are the entries that can make a huge difference to the Risk..... Pros: I held on and did not take trades out of anxiety..... I did keep the volume muted for the first 15min which I believe helped me focus..... Went in with force when I felt my setup was A+...... Felt Like I managed this trade well and did not trade my P&L Favorite Trade: RAD Notes: Read and reread this day for what I need to do on a daily basis..... R = 50.00: +242.55
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Live Journal Exercise – Learning to Trade an Edge like a Casino
Glenn Budde replied to Mike B's topic in Day Trading Journals
I would not imagine that this would be over trading... but I guess that depends on the individual and where it take you mentally..... -
9-25-19 Woke at 7:40 with 5 hours sleep. Was thinking yesterday that I may not trade today because I was quite tired but now that I have woke up I feel pretty good..... SSS and a coffee.... PAT: Do not chase or even trade ROKU before 10:00...... Think about my trend trades when I am in them, I am mismanaging them. I do tend to take some off in times where it was a clear signal to add on.... I will not trade in the first 5min.... Mute the chat for the first 15min as it gives me a bit of anxiety and I believe leads me to less than Ideal trades..... Only use new Hot Buttons in my Trend Trades.... PreMarket Morning Routine: Read a bit in the Playbook...... Little stretching and exercise.... had some breakfast..... I only have SIM for another 3 weeks so I will continue to try the early morning which mostly does not work out..... If this was live I will do all my early morning in SIM and maybe switch to my Real acct. when I am finding my Trends.... PDD First...... PB#1 ... 10min ORB with ABCD on 1min ...... Stopped out at C.... the second short trade was a mistake, I had Kyles Hot Button with hard stop.... when I went to soft exit the trade the hard stop hit first so I accidentally shorted it and got out right away.... second.... PB#1... 10min ORB with ABCD on 2min..... Took a partial of 50% then all out just below BE..... third..... PB#2...... VWAP as a target.... took prifit below VWAP and when it hit the 50ma on the 5min and all out on price action change.... +4.18 AMD MU Both were PB#3.... Trends to the 9ma either on the 1 or 2min, ect........ I was not paying attention to the SPY and they both were pretty much mirrors.... both hit my hard stops while I was in here in the journal.... -174.76 DUST was a goofball mistake with my finger resting on the trigger.... LOL SPaz attack.... -10.00 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- I will make this is my break of SIM and Live account for my information.... but as I have been doing I will still use my P&L for all trades since I do not have a way to separate them yet....... ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- MPC PB#3..... Trending the 9ema on the 1min without a new low on 5 or 15min...... went in 2/3 share size as the ABCD on the 1min was not very clear and added to full size at confirmation... partial out 50%, 25%, 25% and all out wt new low on 5min and a Reason2Exit..... +120.00 MO PB#3 ..... Trending the 9ema with pull backs to the 20ema on the 2min, nice clean trending on the 9ema on the 5min, Clear confirmation of this on the 15, 30, and 60min time frames, Harmonious and no new 15min highs..... I did not even realize until now that when I thought I was covering a partial I actually flipped the position on the third green triangle and then added to the short (I thought) about 3 minutes later (at least I did get back to the correct position)..... I took several partials locking in profits because when I did add I went in for large share sizing as I had the setup that I was waiting for and did not want to let it turn into a big looser. I guess this would be reducing risk here..... I was in the Chat and typing in the comments when I missed a nice new add at 1241, I did not want to chase it though.... the two partials after that turned out to be just pull backs on the 15 and 30min..... A hammer has formed on the 15 and 30min charts along with a new 15min high...... waited for a clear Reason2Exit here...... +284.52 Cons: Still need to work on Trade Management.... Could have added in at 1241 but was distracted and a little scared of my P&L..... need to keep my fingers off the trigger when I am not ready to trade..... Pros: I found Kyles Hot Buttons are working great for me now that it does not auto set a hard stop..... When I found my A+ setups I took them with full share size and was a bit more aggressive with them..... Favorite Trade: MO PB#3 Notes: I will continue to trade in the first hour in a SIM of SIM mode but as of now I when I go Live I will stay in SIM for the first hour or so. I have been Red for the first part of the day and either bring it back to Green or less Red later in the day for the last couple weeks..... R = 50.00: +210.04
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9-24-19 Woke at 7:50 with 4 hours sleep and a little groggy..... SSS and a coffee so far..... PAT: Back to sitting on my hands for at least the first 5min.... Somebody scold me If I take a trade before this........ I will only take trades in the first 15 min with a clear ABCD on a lower time frame than the ORB..... I will be attempting to go Live around the 21st of Oct. so it is now crunch time.... Get back to my normal trade sizing and scaling out.... Notes: SIT on my hands for the first five!!!! ...... ROKU only for an A+ setup...... 2 bad trades come here to journal...... I have a possible appointment around noon time so I may need to set orders and run.... PreMarket routine: Got a little reading done.... got a little exercise and stretching done.... No meditation today.... For some reason my charts/pictures will not upload.... I will try again tomorrow..... Got it working...... AMD PB#1....... 5min ORB down with reverse ABCD on 1min...... Took Full share size with Hot Button..... Hard Stopped...... 2/1 RR...... May start waiting 15min after open to start trading......... If I trade any earlier then I should take 1/2 share size..... PB#3..... Trend pull back to the 9ema on the 2min.... Wish I would have kept this for the long run but it does look like I would have got stopped at 1128 anyway.... the only thing would have been more profit taking on the way there...... 2/1 RR +8.20 OSTK PB#1..... 10min ORB with ABCD on 1 and 2min......... Full Share w/ Hot Button.... Hard Stopped..... 1.5/1 RR....... Bad RR and same as above..... PB#3...... Trend of the 9ema without a new low on on 5 or 15min..... my RR was 2/1 here but something drastic happened in the stock price and the bottom dropped out.... I got out as quick as I seen it for more loss than I wanted to allow.... I searched for news and could not find any..... -107.00 ROKU PB#2.... VWAP Reversal/False Breakout...... I did figure this would be a false breakout and wanted to get the scalp..... I did get it but with the spread on this stock it was tiny...... FOMO and a bad trade...... This was being discussed in the chat and I did have FOMO..... I took a super quick tiny profit as I knew this is not one of my setups.... +23.50 TVIX PB#4..... Opportunity trade on the spy dumping.... I will keep my stops on these very tight as these trades are strictly traded on scalping the news or tweet that has come out..... -8.00 MU PB#3....... Trend on both trades first one stopped out and second took partials and out at BE..... RR on first was 2/1 and on second was 3/1....... +10.58 X PB#3 .... Trend........ Got all out on accident at 2/1, meant to partial 50%..... This would have made me a bit more but it would have stopped me out soon after.... +55.00 NUGT PB#3... First attempt failed and stopped out (entry on 2min is off the chart..).... second attempt worked out except that my first partial should have been an add on here, I also did not have a Reason2Exit..... This trade was not managed very well as I could have made a bunch more...... +129.44 Cons: Did take a couple trades I shouldn't have...... Mismanaged some of my good trades and cost me ....... Pro: stuck to my stops..... Did find a couple of nice Trend Trades PB#3..... Favorite Trade: NUGT.... Notes: Not sure I am liking the new hot buttons but maybe its because I only have them set up for full share size (they seem to be costing me more), I will try to add more of them this Thursday night..... R = 50.00: +111.72
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9-23-19 Woke at 7:35 with 4 hours sleep. I do feel fine not too groggy. SSS and a coffee. PAT: Messed up on XLNX on Fri. with a ridiculous share size and not realizing the spread was so large...... I also took trades once I realized later in the day how bad I had messed up so I will no longer treat this as SIM.... I worked hard on my playbook and need to stick to it taking only B+ setups and better..... Notes: I installed a couple of Kyles Hot Keys (Hot Buttons for me) and will give them a try when I want full share size.... PreMarket Routine: Read a little in a technical book..... Did some stretching/exercise and just a bit of meditation..... MU first..... PB#2 full share size with Kyles hot button.... second ... PB#1...... 5min ORB with ABCD on 1min.... Full size with Hot Button...... hard stopped out....... third.... PB#1...... same trade except ABCD on 2min..... Hard stopped out..... fourth ..... PB#2 ...... VWAP false breakout.... tight stop and 1/2 share size without good confirmation..... stopped out below the 9ema ...... fifth.... PB#2 .... another attempt at VWAP false breakout with a little more confirmation..... looking at the 5min for the False Breakout.... stop at below VWAP 49.85 with Kyles Hot Button for full share size.... Target is HOD at 50.12.... took 25% off at HOD to reduce risk a bit (if I hit my stop without a partial I will be way above max loss for the day) and at my target.... All out at break of VWAP on all time frames...... Again I wish I would have taken my profits more when I was at 2.5Rs .... -48.40 ROKU first.... PB#1..... 5min ORB..... second..... PB#1.... 10min ORB...... booth of these trades I am setting my stops too close because of the aggressive price action.... I should stay away from ROKU from now on..... I just started trying it and now realize it is not for me.... -117.00 X PB#1.... 10min ORB with ABCD on 1 and 2min...... Used the Hot Button for full share size and hard stop.... I ended up micro managing the trade and deleted the stop and ended up getting out without a Reason2Exit which ultimatly cost me my day as it is now over 100.00 winner.... PB#3.... Trend... took this trade and the 2nd KMX trade below but had to leave and set orders for them... came back for a nice winner here and a tiny one on KMX.... Had to get out of these so I can get to work a little early today.... +98.84 KMX Both trend trades PB#3 one looser and one winner for a 0.37 winner LOL Cons: Took trades out of FOMO and less than B+ setups...... Micro managed a couple trades and ended up Red instead of a solid Green for the day...... Pros: Don't have a lot of good things for today..... Favorite Trade of the Day: None to speak of ... R = 50.00: -66.79 Notes: Will need to get back to my old tight self when I was taking more profits on the way up.... Use my stops as I am supposed to..... I do not have much time here for the daily Journal so it is cut a little short....
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9-20-19 woke at 0755 with 7 hours sleep and feeling just a tad tired. SSS and a coffee..... Never even thought about it till yesterday when A Dog was talking about it but I will also note what I do right before the market opens........ PAT: Get back to my full share sizes... take trades from my playbook only...... read all sticky notes each time I am scanning for new setups.......... Premarket routine: Did not read any..... Did some stretching and a little meditation just before the open........... normally I do read a few pages on a technical book.... XLNX All three of these trades I took Waaaayyyyy too much size and I am not even sure what I was thinking other than just hitting the same button from MU to this......Didn't even realize it till I got here to journal after a long emergency break.... first...... PB#1.1 (C setup)........ 1min ORB but ........ I went against everyone here..... need to learn this rising devil...... second..... PB#??? 2 (D setup).... VWAP Play... looking for a bounce off VWAP which I know is just pure speculation........ third....... this was a flipped position again a PB#2 bounce off VWAP (C setup) and I now see that I took way too much size on all of these trades..... I also thought had all my p[positions closed untill I started the Image uploads and seen the open position when I had to leave for a couple hours.... -499.00 MU first..... PB# 1.1 (B setup)........ Took it short on a pull back and got stopped out on a larger pullback, I should not have stopped until the break of VWAP which was my plan...... second..... PB#1.1 (B setup)......... Went short again when it came back to my original entry and stopped myself out when the price action was going flat and what looked to be wanting to go back to possible HOD...... -90.00 OSTK...... PB#1 (B setup)........ 5min ORB without the ABCD confirmation.... should have added in at 0943 at 9ma on the 1min which was completion of the ABCD but I partialed three time then added on a pull back out of FOMO and my previous mistake then got out at just below BE.... +58.51 AZN PB#2 (B setup) 3/4 postition..... VWAP paly looking for a reverse here as the L2 was looking good for it but got stopped out..... -40.00 NVO .... PB#3 (A setup)... entered on the pullback to the 9ma on 1min with a stop below the 9ma on the 2min.... will look for an add if I can get another clear bounce... stopped out and see that I took too big of share size..... my Brain must be on vacation today.... I also let it go below the 20ma instead of the 9ma on the 2min... -132.00 Once I came home to find all this nonsense out I was gambling with this SIM account like I was playing free poker online...... Obviously I will never do this with my real money..... Cons: Share Size Batman... on XLNX, I had no business in this stock.... the spread was more than I like and the moves are larger than I like...... Pros: NONE..... My Favorite setup for the Playbook: OSTK but without the add on..... THIS Will Not go into the Playbook... Notes: I need to go back to no trades in first 5min as overall I am loosing in the first 5min........... I need to put at least my open positions on my main screen (hiding my P&L destroyed me. If I would have had it open then I would have seen this XLNX right off the start and maybe cut my loss here to 50 bucks or so) ..... My goal for next week is to take only B+ trades or better and to have a least one for the Playbook each day.... R = 50.00: -702.19
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9-19-19 Woke at 0735 with 4 hours of sleep and a bit groggy...... SSS and a coffee......... PAT: So much here...... Yesterday was terrible for me. I made a couple bad trades in a row and went into a tail spin when one of my good setups didn't work out as good as I wanted it to......... Get back to my sticky notes and journal....... I need to get back to my ORB setups with clear confirmation of an ABCD.............. After three loosing trades I need to walk away or journal MSFT........ I took 4 separate trades and on this review I realize I was trading my P&L by getting out too early on these trades and then reentering when I have clear confirmation again. This should have been one trade with less partials after the first three and add ins or just hold from there. I am happy with overall trades it just could have been a larger win if I would not have been thinking about yesterday still..... I also took too small of share size which also cost me...... first...... 1min ORB (A setup) with a .10 stop I was in 2/5 of a position..... The first two partials are the top two and all out on the bottom partial all in the 2nd 1min candle........... +27.76 second...... 2min ORB (A setup) with a .20 stop this time I still took 2/5 position.......... partial and all out way too early ......... +6.25 third....... 5min ORB with ABCD on 1min.......... I took full size here with a .30 stop took a partial and all out yet again before my stop...... +28.00 fourth............ PB#3....... Trend with bounce of 9ma on 1min and no new low on 5 or 15min........... took full size with a .30 stop....... took partials at key Rs and all out once I made a solid new 5 and 15min low......... +65.53 I know this is a could of would have should have but If I took proper share size from the beginning and kept to my normal stop losses with partials this should have been a 400+ trade +127.53 SNAP........ PB#2 (I feel this is an A setup but nervous from my many VWAP plays that have not been working out), took very small share size.... 4/1 projeccted .05/.20.... Below stop below VWAP and target 20ma..... actual was 4/1..... partial 50% at a little less than target, 50% a little above target and then all out....... +39.00 HUYA ....... Popped up on Turbo scanner...... PB#3 (A setup) without a great entry so I adjusted my size for the stop of .10.... ended up missing my target by .02 and price action changed so I got out with a small profit..... I should have partialed at 1R as I usually do.... +25.00 WLL ..... PB#2 (B setup) took 1/2 size...... tight stop of .05 and target of 9.25 for .22 below the VWAP and at a daily level...... I partialed at 1R then a smaller partial at 1.5R, moved stop to 9.10 a daily level and bottom of the new ABCD on the 2min .... all out on a SPY Spike which this followed.... +51.22 Cons: I took way too small of share sizes on setups I knew were good with little risk because I was nervous about yesterday and on the same note I got out of trades with MSFT which should have been one big trade....... Pros: I did have a much more clear picture in my head when I took these trades as what I expect if it went south or my way, I just let fear govern my fingers...... Favorite trade for Playbook: MSFT as on trade....... R = 50.00: +242.75
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Live Journal Exercise – Learning to Trade an Edge like a Casino
Glenn Budde replied to Mike B's topic in Day Trading Journals
Jeez, yesterday 9-18-19, was so bad for me also..... We will return to green today....... Good luck buddy..... -
9-18-19 up at 7:45 with 4 hours sleep and a bit groggy..... SSS and a coffee........ PAT: Make sure I am taking trades out of the PB or my practice pre 5min......... Still fine tuning my share size depending on the setup grade....... SNAP......... pre 5min.... long on the break up above VWAP......... stopped out below VWAP...... -40.00 CHWY........ 10 min ORB ....... broke VWAP and looking for HOD ..... stopped out a little late and this should have been a smaller loss........ -52.00 ROAD....... 15min ORB....... break of VWAP looking for HOD....... I should have taken profit when it went to 3R but I did not and tried to hold on to HOD..... I need to stick to my plan with partials....... waiting on full targets just dont work for me........ Again stopped out late and again should have been a smaller loss.... -60.00 GIS ......... Over traded with a bit of HULK in my blood..... I believe with the last three trades going against me I was in a bit of a revenge mode and I should have come here to journal instead of looking for setups...... first .......PB#3.... (A setup) Full share size, only because it drops to the 20ma on 1min............. entry on the 1 and 2min drop to the 9ma with no new low on 5 or 15min....... orginal stop was .11 partialed 50% at 4R then added on pullback.... stopped out at - 1R..... I did move my stop when I added and maybe I should have left it be (but this would have made my stop way more than -2R)........... conclusion here is to go back to only add with multiple confirmations......... +48.00 second ...... PB#2.... (B setup) 1/2 share size......... thought it was a reversal back to VWAP got stopped out....... -38.00 third ......... PB#3, continuation (B+ setup) because of the large pullback/shakeout .......took a little smaller than full size...... I believe I got out here with a small loss..... and I am lost because I reentered for a reversal again....... fourth........ PB#2.... (C setup)....... took full share size with revenge in mind, Ashamed of myself for this day........... It did turn out my way but now as look back at my P&L I relize I must have been way over my max loss for the day as I am over max loss now....... Total for GIS -35.75 Cons: I need to get back to my ORB setups with clear confirmation of an ABCD.............. After three loosing trades I need to walk away or journal............ I let my emotions get the best of me and continued to trade after the three....... Pros: respected my stop losses....... Trade for my Playbook: None for the day I am done for the day and completely closing up the market and chat to come back fresh in the AM......... R = 50.00: -187.75
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9-17-19 Woke at 7:40 with 5 hours sleep, feel pretty good. SSS and a Coffee.... PAT: Make sure I have a play for a trade......... stick to my plan......... wait for better setups........ I will still try pre 5min trading for a little longer, I am still trying to find my place in the market..... for the short sample on Tradervue my trades that are under 10 min. are loosers and over 10min are winners.... and trades between 9-10 and 11-12 are also winners..... AMD........ apx. 3/4 Share size on all three trades as I feel these early trades are still not my thing........ first........1min ORB...... on pull back and added in on the way up....... stopped out below VWAP......... -38.00 second..... short with no clear pattern so I stopped myself out ASAP....... +2.00 third....... 10min ORB........ VWAP for target and Low of Prev. 10min candle for stop out....... -30.00 -66.00 SNAP...... PB#1, 10min ORB with ABCD on 1 and 2min.......... I did try to get the earliest entry her for a big R/R, entered at C and added in for a total of a full share size...... As I am in t he trade I did not like the price action, L2 or T&S so I reduced my size by 50% and then all out when it continued to chop......... +10.00 NUGT first....... PB#1 without confirmation (B- setup) was mistake one and mistake two is that I took full share size........ target was a Daily at 31.35 but got stopped at VWAP........... -56.00 Second........ PB#3 (A+ setup) took full share size ....... Trend with an ABCD on 1min and no new low on 5 or 15min, above all MAs and Harmonious ............. 1.5/1 and 4/1 ultimate goal with my targets at daily of 32.02 and 32.66 and stop of break of C......... Partials of 25% three times then added on the pullback then continued to partial up to 33.00 and one on the way down then all out..... +226.24 Third was a continuation of the previous but instead took 1/5 share size and would have added in if the action went my way...... -10.00 +160.24 Cons: Pre 5min trade cost me 38.00........ Took one trade without clear confirmation (NUGT #1) and tried to enter another before the move (AMD #2) and another out of excitement..... still need to fine tune my share size depending on the quality of the setup...... Pros: Did respect my stops...... Did find my A+ setup and took proper size........... My favorite of the day for my new Playbook is 2nd NUGT Trade........ R = 50.00: +104.24
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9-16-19 Woke at 7:40 with 6 hours of sleep. SSS and a Coffee. Feeling pretty good..... PAT: Work on proper share size (not as much adding to).......... A lucky week does not make me good.............. Use my playbook on all trades........ Do not take trades with large spreads retaliative to price....... AIMT.......... PB#1 but before the 5min without ABCD confirmation .......... took full share size.......... Yes this is where Andrew called it out but I went short about 1 second before the call out..... I did get out unfortunately prematurely while listening to the chat for a meh +13.00 PB#2 reverse back to VWAP play......Full share size but with a B setup I should have either not taken this trade or reduced share size........ I knew this was going to be a slow mover so I set a stop order for a 1R loss, for some reason it did not trigger and ran down to -66.40 -53.40 CRC........ PB#1 and 2, Target of VWAP with a 2min ORB.............. This seemed after the fact to be more of something I wanted to find and the technical were not there......... Stopped myself out when I realized this .......... -48.00 GM......... NO PLAYBOOK, Bad Trade now in review I do not even know what I was thinking, I believe I was shorting it on the strike news only.... stopped out at VWAP..... -28.00 MU........ A few trades here and still looking for more long entries..... first ....... PB#2 break of VWAP and added in on a pull back to get stopped out...... -63.00 second..... PB#2....... target VWAP then HOD stop below prev 1min candle......... took 3 partials +56.50 then added in two time.... partialed two more times +36.41.... added in again then stopped out -29.24............ third ..... PB#3 (A setup) ......... took full size with stop below the MAs and target 49.95 daily level....... partialed twice then all out at BE..... +57.76 fourth and final trade....... PB#3 (A+ Setup), disappointed in that I did not take full share size here only 2/5....... on the 9MA on the 2min without a low on 5 or 15min, also the MAs are crossing on the 5min... partialed out twice on the way up then moved my target to red to green and my stop to 49.95 as I feel if it breaks below 50.00 the next support will be about 49.80 the 50MA......... +47.60 +100.03 NUGT.........PB#2 (B+) 1/2 share size and will add if it breaks the 50 on the 5min stop is VWAP........... Busted VWAP and the 50 on the 2min........ Missed my add and am now partialing out............ reset my stop at my first partials and got stopped out for +97.06 Back in NUGT for a PB#3 (B+)...... looking for HOD and a tight stop below MAs......... 1/5 share size........ got out at BE because of L2 and T&S........ Probably should have just stuck with my original plan which was not to take anymore trades today but I am still in MU and looking around. I will wait for an A+ setup or nothing at all..... +1.00 +98.06 I said I would only take a trade if I felt like it was an A+ so I did......... WLL ..... PB#3 Trend (A+ setup) full size entry.......... on the 9MA on 1min no new low on 5 or 15min and Harmonious charts..... stop below the 20ma on the 1min but will monitor the 5 and 15 min for price action along with L2 and T&S target is a daily I have marked at 11.48..... 11.20 Seems to be acting as resistance so If I can get back to it I will take some out to lock in some profits..... There are some nice size orders sitting at 11.20 and they just kept getting better pushing me through 11.20 and heading to my target partialing out on the way, I believe this could have been a good add here...... I have now moved my stop loss to BE........ My partials were 50% 1R, 25% 2R, 25% 3R 10% 4R ............ My stop has now moved to +1R..... out 10% 5R ...... 1135 starting to flatten out with a new 5min low again, 15 and 30min still looks good for now..... I will now move the stop to below the 9 on the 5min at apx 3.5R....... 1142 out 10% at 6R ........... my next daily is all the way at 13.45 so I will continue to use Rs (in this case .10) as partials........ 1148 here we go again with a 5min low, still looking for the break of the 9 on the 5min for a stop.... I set a hard stop for 11.48 as I need to go for a bit this would make a new 15min low and below the 9 on 5min, hopefully I come back to a nice runner....... came back to find it hit the stop..... +114.15 Cons: Took a trade on a feeling (GM).......... Took a short on AIMT before the call out and got out on the chat info, I need to stick to my plan (missed over 1.00 move)......... Took a couple B setups...... Pros: getting back on my game for share size but does still need a little work...... Respected my stop loss......... My Favorite Trade of the Day: I picked my WLL trade over the MU and NUGT trades because this one had serious catalyst and the MU, NUGT had some resistance above them. Notes: I am going to start taking my favorite trade of each day (providing I do have a good Trade) and create a separate Playbook that will be more informative for what is working for me..... R + 50.00: +182.84
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9-13-19 woke at 7:45 with about 7 hours sleep, feel a little more awake than the rest of the week. cup of coffee and away we go..... PAT: Keep working on proper share sizes..... make sure I know my pattern and confirm it before taking the trade.......... use hard stops for walking away.......... Not much of this day that I am proud of......... I believe I went into this day with over confidence from the week......... MU ..... PB#2 ....... all VWAP plays with VWAP either a target, a stop or break of........... Traded these with TOO MUCH false confidence from the week............ first trade was long with a -56.00......, second trade was a short with -16.00..... third was a long again a -44.00........, fourth was a short with +36.57 ....... fifth was long at +22.50....... sixth was a long for +22.50...... sixth was a long for +27.50 and finally seventh was long for +21.50........... I not only over traded but was a maniac with scaling in (which I want to get away from) -13.93 ETSY ..... PB#2.......... Lost VWAP on the 1min and entered on the next candle with confirmation it was also a PB#1 with a 5min ORB and engulfing crack........ The r/r was not good at about 1.5/1 (.38/.25)......... I did get almost 2R out of it..... +99.38 ROKU .......... A finger spaz with no chart needed, between the spread and the accidental entry of 400 shares it was an immediate -41.00 OSTK .......PB#3...... from turbo breakup........ I did not wait for a good entry which would have been around where I exited and would have still been stopped out for the same loss........ The problems with this trade is that I did not wait, then after entry I was looking at other stocks and missed the first drop, I then tried to flip my position to find out no shorts here...... -66.00 Cons: Over confidence trading with way too many trades....... I am still adding in which I am trying to get away from........... Pros: Stuck to my stops....... Getting out of here as I know this is not a good day for me to be here............ R = 50.00: -21.55
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9-12-19 up at 7:50 with 4.5 hours sleep.... SSS and making a coffee...... feel a bit groggy again, guess this is a groggy week..... PAT: Work more on proper share size....... Do not take trades as soon as I click to view them, make sure I have confirmation....... Stickies and PB........... I have to get out of here early so I will post my early morning trades later today.... Hopefully I will remember what I did..... These were all early morning scalps..... I will try to recap what I was thinking 13 hours ago I Felt good about my first two and fourth ROKU trades and felt like I got in bad on ROKU third entry... the first two......... PB#2........ were straight scalps and I was watching the LVL2 and T&S very close.... first one was breaking VWAP for entry with a stop loss at the MAs, the second one came back to test VWAP and rejected it and an add on when it bounced off VWAP once again....... my only regret may be that I closed the position on the first one then reentered instead I should have partialed less and added in..... I am still on the fence on how to treat this..... third trade .........PB#1........ was ORB with 1min ABCD and holding above VWAP..... Looking at this trade now I can see that I would have taken it one way or another..... stop loss was loss of VWAP on 1min....... fourth trade........ PB#2....... There is a reversal here on the 2min after the break of the hammer and also on the 5min a new high along with a reversal signal....... stop loss was tight at .25 below MAs and target was of course VWAP..... I did take a partial when it went from red to green and again at VWAP and all out when it went back to red....... +141.21 BHGE two entries...... PB#1......... ORB with ABCD on 1min for both...... Both also was a VWAP play........... I had to exit the second because I was back and forth getting ready to leave and the action was too fast to not pay 100% attention to........ both stops were VWAP and targets were the 50ma......... 0.00 KR.... PB#1 ..... 15min ORB with ABCD on 1min ...... This was a bad trade as I seemed to rush this one and after this review I see that the 1, 2 and 5min all had a shooting star just before entry...... stop was below the 9ma...... -15.00 Cons: I took the KR trade without much thought and only a loose pattern....... I should have just put a hard stop on BHGE second trade instead of exiting it as this should have been a big winner for me.......... Pros: I feel like my trade management was good....... I respected my stop losses.......... I only took trades out of my PB....... R = 50.00: +126.21
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9-11-19 woke at 7:50, was very sleepy with about 5 hours sleep, feeling a little groggy...... SSS and a coffee..... PAT: Work on proper share size for the size of my account (my future cash)............ Pay close attention to my Stickies and PB...... MU.... PB#2...... VWAP..... first.......had strength in going through VWAP and above all averages on 1 and 2min..... took 1/2 size and added in once it busted through..... took profits on the way up and all out on a pullback as I only had about 10% left of my position...... my stop was tight below VWAP and target was scalping at 2/1 and more..... +59.00 second.... on 5 min ORB and on a pull back entered 1/4 size and added 1/4 more three times on a little more pull back all holding VWAP...... again stop was tight at below VWAP and target was HOD... took profits on the way up and am still holding on to 102 shares at 1017 with a hard stop at 50.78 as I journal (learned my lesson for the final time yesterday)...... I am still looking for 51.52 which is a daily that I have marked....... It is testing my hard stop, We will see..... stopped at 1022..... +103.39 Do want to mention that both of these entries were a few seconds before Andrew called them out....... +162.39 CDLX...... PB#1....... This was not an A setup so I went in with 1/2 size...... The spread was bad and I took it anyway and once it went to my stop I not only got a bad entry but a bad exit making this one terrible trade...... -76.00 second trade...... PB#3...... missed the move so I had to wait for my r/r to make sense for below VWAP and HOD and beyond.... this was at best a B+ setup so I only took 1/4 share size here (maybe should have went with 1/2).... I also waited for the spread to make sense....... I took 50% off at 1r and I will continue with very small partials from here on out with a hard stop at BE........ 1134 I am now moving my stop to below the 20ma and at a daily level of 35.74...... 1215, it is bumping the 200ma on the 5min, will need to see if it will stay below then I may exit early but if it breaks it on multiple 5min candles I will look for an add..... Had to step away for a bit and it hit the hard stop I had placed..... +42.00 -34.00 AMAT from turbo scanner...... PB#3.......... another B set up with 1/4 size....... set a hard stop while I was looking for other setups and got stopped out at below the 9ma..... Looking at it now I maybe should have moved my stop to below the 20ma as this would be a normal pull back and it may have worked out.... -10.00 second, trying again...... little better entry with 1/4 size again..... again set a hard stop but this time below the 20ma....... This has worked out so far with a partial and now holding onto it for either a big run or my hard stop of BE...... I had to leave for a bit and took a 50% partial and moved hard stop up a bit which was a mistake as it hit it and moved way up..... Not too sad as I did have a very small position in it..... +12.00 +2.00 Cons: I took a trade knowingly with terrible spread..... took the same trade with a not so great entry with 1/2 size instead of 1/4 size...... Pros: Held to my stop losses..... Felt great about the MU scalps from start to finish...... Have been looking for fresh news and stocks with scanners and news..... R = 50.00: +130.39
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Clearwater Beach Florida Meetup - November 16
Glenn Budde replied to JD's topic in Members Introductions & Meetups
@tedcds I work there.... Live in Cape ....... look forward to meeting you in Nov. .... Take care.... -
Rob C's Trading Journal - starting Feb 1 2019
Glenn Budde replied to Rob C's topic in Day Trading Journals
Love this trade, thanks for sharing...