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Glenn Budde

Budde (Booty) Trading Journal

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3-30-20

AIS 0755, 7.5 hours, 7/10

PAT: Over-trading outside of PB#s 3 or 7

GILD

PB#3

+0.2R

871001559_3-30-20GILDPB3.thumb.png.a8439537b7ad00420b7e4cc820753282.png

MU

-2.02R

1425201752_3-30-20MUPB3.thumb.png.8cf6bfdb2368412cb0df15c5ebe567b5.png

Cons: I am still chasing and loosing focus due to other work related issues with this Virus

Pros: Kept my losses small even on bad trades

Rs: -2R

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3-31-20 

AIS 0725, 6 hours, 6/10

Had a hard time sleeping last night

PAT: Over-trading and chasing. Do my best to stay focused when trading

AMD

All I can say here is that I was having a party with my Christmas lights

Everything wrong including Over-trading, Chasing and FOMO.

and somehow I ended up +1.5R

 

2091281656_3-31-20AMDOTChasingFOMO.thumb.png.d3fd729c268bb536d7006f297abc7133.png

CONS: Over-trading I guess the last couple days are my regression. 

Pros: Kept my over-trading losses small

Rs: +1.5

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4-1-20

AIS 0755, 7.5 hours, 7/10

PAT: Over-trading, I need to get a grip on the last few days

DIS

PB#3

Start of a trend. ABCD on the 2min and PMH for first entry , partial at yesterdays low. Flipped and covered with a small loss. 

Second  entry at the same level, partial was to reduce risk in the uncertainty. Second partial at yesterdays low took another partial when it went green. And here is where I screwed up on my hotkeys again. I got all out then on accident I hit a hot button for Buy 100 shares and sold it right away. Little did I know between the spread and the few seconds it took me to realize what I had did I lost 2.6R on the the mistake.  Tried a long again to get stopped out when the trend was broke.

Total of all trades including the hotkey mistake -2.6R

853799042_4-1-20DISPB3.thumb.png.f544063d0a29dc3b9ffe0813e5bd0c6d.png

PB#7

Described in chart

+1.6R

665654751_4-1-20DISPB7.thumb.png.c04d50d93ce708bc5dc530e81cf26c48.png

Cons: frustration from the hotkey mistake cost me even more money

Pros: other than the hotkey mistake I kept me losses small

Rs: -1.0

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4-2-20

AIS 0755, 6 hours, 7/10

PAT: Over-trading in Revenge. PB# 1, 3, or 7 only

DIS

PB#1

+1.5R

1955889454_4-2-20DISPB1.thumb.png.65d3c15a7b0bbca372ae93138469025b.png

MSFT

PB#3

BE

1664705014_4-2-20MSFTPB35min.thumb.png.fa931edbe0ca1040434065b6feba1fcf.png1563817752_4-2-20MSFTPB3.thumb.png.d768fbf8a96e2544298f2323c550f382.png

SDS

ETF

+1.4R

726002528_4-2-20SDS.thumb.png.af5dc320570b949a2a25392f29188be1.png466109604_4-2-20SPY5min.thumb.png.da878a9f5cd51e5a2f2cc5adcda5c349.png

Cons: Took too little risk and missed add opportunities. Let first MSFT trade run past my stop

Pros: did keep most of my losers very small

Rs: +2.9

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4-3-20

AIS 0750, 6 hours, 7/10

PAT: Over-trading. PB# 1, 3, or 7 only and practice small in S&P ETF

 APA

PB#1

PB#3

-1.2R

1043091553_4-3-20APAPB1PB3.thumb.png.3cf2915b376fd948cdd8f2584d7e5bf1.png

TWTR

PB#1

-0.6R

1652734725_4-3-20TWTRPB1.thumb.png.234bb7acdccf3fb8bfcf1f358a7252ae.png

OXY

PB#3 Partialed too much and too fast

PB#7 Did not take enough risk

+4R

752869054_Annotation2020-04-03160407.thumb.png.c4d74d3d30a5f49d3d7b61a324c30b56.png342011163_4-3-20OXYPB3.thumb.png.5f6ba50650edb43b7e8f8a6703608b87.png1657903928_4-3-20OXYPB7.thumb.png.36632aded1279d976aa42ed6ca624b63.png

Cons: after taking the first loses I failed to take enough risk and partialed too early and too often out of fear

Pros: Kept my loses small

PB Trade: both OXY

Rs: +2.2

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3-30 to 4-3-20

What I did bad this week:

Technical Errors: Hotkey error

Trade management:  Partials too soon and too many times due to fear after loosing trades, Loss focus  during the trade from outside, Took too little Risk in A+ setups

Over-trading: Chased on two entries, and started to trade in the first 5min

Let one trade go past my stop

What I did good this week:

Respected my in trade and daily stops except the one

Took most trades on all of the days that I was calling out

Feeling more confidant in my PB#s 3 and 7

Reading the tape well on focused days

Kept my losers small on 4 days

Changes to be made this upcoming week:

Work on playbook trades that I may need to scalp when Tape is slow or not doing what I anticipate

Rules to stick by this upcoming Week:

1. 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 in SIM unless it is an A+ setup then only give back what is in my plan

2. In-Trade and Daily Stops

3. Do Not chase or revenge trade

4. PB#s 1, 3 and 7 are only to be taken Live unless Rule#1

5. Only A or better setups at time of Live trade

Challenges for myself this upcoming Week:

On mic trades only with my small group if available

Take a planned break at 1100 or 1200 for other Bus.

@ 0850 do some exercise and then meditate to calm myself

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

Goals and Rewards:

+5R or more for the week to increase size.                                 +3.6R for the week     +32.4R for the month    +4.1R to start April

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4-6-20

AIS 0745, 7 hours, 7/10

PAT: Over-trading. No trades for the first 5min without a predetermined plan.

CODX

PB#1

engulfing 5min and break of VWAP for a momentum scalp. was a little slower than I wanted but worked just OK. should have entered on the break of the prev. 5min candle

Back and side is killing me, will have to recap later

661804550_4-6-20CODXPB1.thumb.png.8853d1010ea22e6700c1c26b7d07eefd.png1277844164_4-6-20CODXPB7.thumb.png.804f0b41d4d8b8f7f9644d6c19457e54.png621304884_4-6-20INOOver-trading.thumb.png.0333c4b3e77698114953a77949482805.png1169903497_4-6-20SSOETFScalpPB3.thumb.png.640dd2af66248d556904b24bf4389292.png

Cons: Over-trading on INO

Pros:

Rs: +4.5

 

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4-7-20

AIS 0850, 7 hours, 9/10

had an early Dr. appointment

Over-traded again today. Its time to reevaluate the rest of the week

Charts are just all over and I only have one good trade today in the morning on KSS. I should have called it there but instead I too a near target trade to MAX Loss.

Arghh....

 

The next two days I will limit my trades in a big way. Back to one loss before 1100. If I break these two rules either day I will force myself back to a smaller risk.

 

Rs: -2

 

Edited by Glenn Budde
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4-8-20

AIS 0800, 6 hours, 7/10

Time to button down and stick to what I know

PAT: Over-trading outside of playbook. Take a full size position when its an A+ setup

I had way more patience today doing a little visualizing during meditation as Dr. Katz recommended 

SQ

I felt very good about my first trade but only wished I would have taken a partial at HOD. I was given the opportunity to reduce risk on a small bounce so I took it.

After It failed I said I was not going to trade anymore till after 1100. I talked with Ted about it and now realize I should not penalize myself for a good trade that did not work out. So I will change the rule to one Bad trade before 1100. There was no reason that I did not take the trade again on the bounce of VWAP right after it failed.

Second entry made another ABCD on the 1min for a small entry and I added once I felt better about the trade. Took a partial and it came back to stop me out by a couple cents.

I reentered again when it came back through the 20ema  and added on for a double size position, not out of hope but on L2 action. was able to get 6 partials but I never had a chance to add on so I was left with a tiny share size so I doubled the size bringing my BE still to a decent level.

I only exited the trade because I had to leave to take car of my other business.

784346268_4-7-20SQPB3.thumb.png.350c54667477caae36ef5fe2996e91bf.png

Cons: Bad Rule kept me from taking the trade right after I got stopped out. This is changed starting tomorrow

Pros: had the patience to wait after my Visualization and meditation this morning

PB Trade: SQ

Rs: +1

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 4-9-20

AIS 0750, 7 hours, 7/10

PAT: Over-trading outside of playbook. Take a full size position when its an A+ setup

I could not find a good direction today and kept most of my entries small. I did end up Over-trading a bit. Overall with the way everything seemed to move I am happy to get out with only a -0.6R Loss

1752972341_4-9-20SQPB1.thumb.png.1d3ef9d90abc46edee363a9e0e5d9f0a.png514332856_4-9-20SBUXPB1.thumb.png.ce0f04be6362e140162408dcfd10521e.png

1226374357_4-9-20DISPB3OT.thumb.png.e3d68d13acaf546e3363c89d4f140851.png

Cons: Over-trading

Pros: Keeping the losers small by reducing risk but still holding to my stops

Rs: -0.6

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4-6 to 4-9-20

What I did bad this week:

Technical Errors: Hotkey error a couple times but caught them fast

Trade management: Took too little Risk in A+ setups

Over-trading: 3 out of 4 days. Convincing myself that it is part of my PB but when reviewed it is not.

What I did good this week:

Respected my in trade and daily stop. Kept my losers small by taking off risk when the trade does not go my way in the time expected.

Changing a Bad Rule that I implemented on Wed. after discussion with Ted

Visualization with my meditation seems to work well for me

Changes to be made this upcoming week:

None, stay with same risk until my goal is reached

Rules to stick by this upcoming Week:

1. 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 in SIM unless it is an A+ setup then only give back what is in my plan

2. In-Trade and Daily Stops

3. Do Not chase or revenge trade

4. PB#s 1, 3 and 7 are only to be taken Live unless Rule#1

5. Only A or better setups at time of Live trade

6. After a losing Bad (poorly executed, out of PB Ect.) trade before 1100 I must wait till after 1100 to resume trading

Challenges for myself this upcoming Week:

On mic trades only with my small group if available

Take a planned break at 1100 or 1200 for other Bus.

@ 0850 do some exercise and then meditate to calm myself

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

Goals and Rewards:

+6R or more for the week to increase size.                             +2.9R for the week  

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4-13-20

AIS 0800, 7.5 hours, 7/10

PAT: Over-trading outside of PB# 1,3 or 7. Trade with size on A+

MGM

PB#3

Beginning of a trend. Did not make it through VWAP and the SPY looked like it was not gonna make it to VWAP also helping me out. I did take off 50% to reduce risk since this was not going fast enough for my expectations. My stop was just above VWAP. I took off 25% at 1R and moved my stop to BE and stopped out.

0.0 R

379548277_4-13-20MGMPB3.thumb.png.dd64a74638e16a2b9ac7cc0a962727d7.png

AMD

PB#3

+3R

1997929871_4-13-20AMDPB3.thumb.png.3a77cad129e11d4dd64b964ed262fd2e.png

Cons: Distractions from other business is keeping me from good focus

Pros: Took trades when called out and did a little more scalping as my attention was split

PB Trade: AMD

Rs:  +3

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4-14-20

AIS 0755, 7 hours, 7/10

PAT: Over-trading. Taking correct position size

Note: I will trade the open only if I have a PM plan for that ticker

ROKU

PB#1

0.0R

1758510821_4-14-20ROKUPB1.thumb.png.681c356e9c7ec0eadc114ff07b769d30.png

JNJ

PB#1

-0.5R

1796943628_4-14-20JNJPB1.thumb.png.529bddd538ba57e30311c92b96bcde81.png

AMD

PB#3

+3R

1092137637_4-14-20AMDPB3.thumb.png.b69303435ece40706b855e20ffa40934.png

Cons: Chassed the two ROKU trades (lucky to get out ot BE)

Pros: Stayed in control even though I told myself I am allowed to trade the first few minutes. Did take profits faster than normal.

Rs: +2.6

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4-15-20

AIS 0800, 7 hours, 7/10

PAT: Over-trading, Allow myself a early trade only if it is planned PM

Ill mark up the charts later tonight.

BAC

PB#1

1255576290_4-15-20BACPB1.thumb.png.6a2812bbdb98d7226d9c52a59b617cb7.png

JBLU 

PB#3

2088425757_4-15-20JBLUPB3.thumb.png.6933ac05fd9ee102cd06b8aab1540ce5.png

ROKU

PB#3

679905189_4-15-20ROKUPB3.thumb.png.2903327a85c8571ecfe217020f0340d9.png

Cons: I should know better than to trade ORBs, they are not my thing

Pros: knew I needed to step away after the mistake in JBLU. Came back to ROKU (which is a foe of mine lol) with a clear head and made back most of my loss

Rs: -0.5

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