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Glenn Budde

Budde (Booty) Trading Journal

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Posted (edited)

8-8-19

I feel a little tired from 3.5hrs sleep but much more alive than yesterday. Closing at work was a little long. Up at 7:30 SSS and a Bucci

 

Pay Attention ToContinue to watch the spreads.......... Make sure I have clear R/R...........     Take less trades with a more clear pattern...... Pay attention to LVL2 before I take the trade......

Think I will start using a post it on my screen to remind me of my PAT (Pay Attention To) list

 

My start of the day was terrible and I didn't even look at my PAT so here I am to take a small break and log

 

+AMD once before the 5min which I said I will not do.... I took it as an ABC that did not pan out very fast....... Ill sit on my hands again like I did yesterday..... 

+AMD This time I seen it bounce off the VWAP 3 times when I took my entry and added to it when I had confirmation and got out when I thought the price action was changing.... I could have given it more room and this would have been a real money maker...

Total for two trades     +53.75

715900821_8-8-19AMD0938.thumb.png.a721aa35068ceb1e0a732fecfdc33fc9.png

 

+LYFT was looking at the 1min only and made a mistake of it breaking the 9MA which failed and after looking at it on the 5min and 15min it was a sure sign of it as more of a pull back than anything else

(33.00)

1805963128_8-8-19LYFT0952.thumb.png.8556e2fbf1e8adea01e4fb741367b538.png

 

+MU I seen the DOJI and the possibility of a reversal then crossed that to LVL2 which led me to the long with a  target of VWAP and after it busted the VWAP it still had nice orders for the long so I added some more and then waited for the price action to change along with the BIDs on the LVL2

+100.65

940975599_8-8-19MU1011.thumb.png.177771009610059ce93411f3d84bdad9.png

Cons: Started my day out not paying attention to my PAT..... Went into a trade pre 5min ......... did not have a clear pattern on LYFT.......

Pros: Once I realized I had no self control with my PAT I took the time to come here and journal to clear my head.... Went back and muted the chat so that I could concentrate and find my own patterns..... Using LVL2  I feel like gave me the edge on MU

Note to Self: Look at my sticky note for PAT before trades...... I will keep this the same for tomorrow .......... I had Roku on my watch and did a mental trade on it and realized the price action is a little too much for me and that I should stay in my price range of $15 - $90

P&L Target 50.00:  121.40 

I am done for today but may try some SIM of SIM for practice later.

 

Edited by Glenn Budde
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8-9-19

Rested well no work last night with 7 hrs sleep. woke at 7:40 SSS and a Bucci

Pay Attention ToLook at my sticky note for PAT before trades...... 

Continue to watch the spreads.......... Make sure I have clear R/R...........     Take less trades with a more clear pattern...... Pay attention to LVL2 before I take the trade...... No Trading in the first 5.............. stick to stocks 15.00 - 90.00

 

I feel good about this tough day..... most have said the day was tough to trade...... Took 5 trades and found patterns and used the LVL2 like a bible for my partials and all outs......... I did not trade the first 5min and I did stick with my price range

 

+NKTR 18.14 I took this on mainly an ORB with confirmation on LVL2 with S/T 18.00, 18.45 My plan is to partial out 25% at 1R  taake 25% more at 2R and once it breaks to 50MA take more as it goes...... 

I took 25% at 1R as planned then took another 25% at 1R because of the BIDs on LVL2, it did move up to my 2R where I partialed out another 25% and instead of waiting for BE I went all out at 1R again due to some large BID orders in the lower price range

+47.14

1155200602_8-9-19NKTR0936LVL2.thumb.png.207591dee610b55ec73aaa8715546168.png

 

+AMD 33.62 Break of and a bounce off VWAP S/T 33.52 below VWAP, 33.92 Yesterdays Close

I partialed out at 33.70 due to large BIDs in LVL2 and all out at BE with more large BIDs inLVL2

+10.00

98129545_8-9-19AMD1052LVL2.thumb.png.4810637561186a6684e4a1f320560fb0.png

 

+AMRN twice

14.79 double bottom reversal but I waited way to late wanting more confirmation, LVL2 was pretty flat. Only reason for the first partial was because I took too much share size and wanted to get back to where I should be. my S/T was very tight at 14.76 bottom of this 5 min candle and 14.86 break of the 9 and 20 and hopeful for VWAP. I partialed at 14.87, 14.83 and all out 14.81 all due to the LVL2 orders

 

14.74 tripple bottom and I didnt want to wait. I did have good confirmation on the LVL2 that the price action is going up My S/T 14.70 previous day level 14.84 break of the 9 and 20 and hopeful for VWAP I should have partialed out at 14.80 as the LVL2 was turning but I held on to a BE trade which if i stuck to my plan this would have run up to 14.89 15min later

I also did not take proper share sizes (way too little) and cost me money

+22.07

376966909_8-9-19AMRN1111.thumb.png.f6d705431b6c0fb0968fec0b49188a7d.png

 

+MU 41.02 break of the 9 on 1min also after a DOJI on 5min with good volume and good LVL2 price action S/T using the previous DOJI top and bottom of 40.95 - 40.17 shooting for the 20MA of 41.25. I ended up partialing out and all out at BE due to more crazy BID action on LVL2

+11.25

554685955_8-9-19MU1145.thumb.png.f059c07f0adbb86d68d32a6a5a2d9b67.png

 

Cons: I did not take proper share size on AMRN costing me money (should have been triple).... I do feel like I still have trouble trusting myself and I wait for too much confirmation before entry...  I think I may be getting a little too tight on my R/R...... Pay attention to resistance averages, too many to trade into.....

 

Pros: I did use LVL2 like the bible and it saved me a bunch....  I did stick to PAT and Sticky Note...... 

 

Note to Self: Choose share size wisely....  Try to find setups with larger price action......... I will continue to use my same Sticky Note......

 

P&L Target 50.00: 90.46

I will continue to watch and take more SIM of SIM trades

 

 

8-9-19 AMRN 1111.png

8-9-19 UBER 1158 Overtrading.png

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8-12-19

5 hrs sleep and rested well. Up at 7:30 SSS and Bucci

Pay Attention ToTrading into Resistance .......... Taking proper share sizes.........  No Trading in the first 5.............. stick to stocks 15.00 - 90.00......... My Sticky Note (Spreads, R/R, Pattern, LVL2)

 

Here early after two very bad trades....... Will wait for the right set up and use smaller share sizes as I am near my max loss for the day after these two..... 

In total this is a Blowup Day, just glad Im in SIM for at least another 2 months ..........

 

+MU got Stopped out below VWAP.... Had bad entry and rushed into it reading chat for ABCD........

 

(41.00)

2032754591_8-12-19MU0935.thumb.png.b9c31dfd56a63170f61638f3cc62cb31.png

 

-AMD ORB Engulfing crack...... not only got a very bad entry but also took a strong stock and tried to short it..... I did not even notice the 200MA I was trading into.........

 

(80.00)

1233199906_8-12-19AMD0940.thumb.png.4dc58d9d2a78dd5dfc7c16c9602bd1ee.png

 

Traded two more + GGAL this should have been a looser as I did not respect my stop.............  +58.00 .............. and +NUGT ABCD again I did not respect my stop below 20MA but once it came back close I got out (I also was frustrated and stopped watching it for about 3 min.) .......... (70.00)

1050555005_8-12-19GGAL0952.thumb.png.c7d743721e1a1964f4764ae651cb3305.png1498644627_8-12-19NUGT0958.thumb.png.597f4156522a487493ec1d6ed30385c2.png

 

I will go pack up orders for the day and come back fresh I hope........

Came back and still couldn't find what I was looking for ..... So I just started playing around with some other stuff and coming back and forth to the chat.... Ended up taking -AMD for two trades... First one I seen a 90k BID on LVL2 so I jumped in for a scalp then reentered later with an add on on a pull back for some nice profit. My R/R was 5r or more and I am still in some till I have to head to work in a bit....

Profit thus far ..... +243.97 total after I go stopped out +289.19

2117970549_8-12-19AMD1330.thumb.png.ecac233c5f0d8ddafea374146eb726d9.png

 

CONS: Adjusted share size too much and was now taking too much......... I felt very scattered when market opened and I should have just walked away......... GGAL and NUGT were more revenge trades than anything else....... I did NOT respect my stop losses on GGAL and NUGT....... I did trade into a 200MA that I did not notice till now........

PROS: Even though GGAL and NUGT were revenge and I did not respect my stop loss I did go by the LVL2 and it did move in the direction that was predicted

NOTE TO SELF: Follow Sticky Note...... readjust my share sizes for max loss of 50.00........  Call it a day when I've made bad trades and I know I am not thinking clearly....... Look out for strong MAs.... Need to get back to my basics and stop trying to rush / mirror trade..... Take my patterns and do my normal partials and honer mt stops.... I am starting to feel Like my trading is better late morning early afternoon.....

P&L Target 50.00: +156.19

Edited by Glenn Budde
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I was looking to take the same engulfing crack on $AMD, but I saw all moving averages below and decided not to trade into them. Nice afternoon trade on $AMD.

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11 hours ago, Mike B said:

I was looking to take the same engulfing crack on $AMD, but I saw all moving averages below and decided not to trade into them. Nice afternoon trade on $AMD.

 

9 hours ago, Aiman Almansoori said:

I saw a recap on youtube for someone who took AMD trade for the long side, interesting how we look at charts differently!

I see that was probably a big mistake trading into the 200....... SMH....

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8-13-19

4hrs Sleep SSS, Coffee and toast..... Long night...... 

 

Pay Attention To: Follow Sticky Note...... readjust my share sizes for max loss of 50.00........  Look out for strong MAs.... Need to get back to my basics and stop trying to rush / mirror trade..... Take my patterns and do my normal partials and honer mt stops....

+MU my mistake was got trigger happy and took the trade before the first 5 and got stopped.... If I would have waited for the next 5min candle this would have been a one and done.... Also took a bit too much share size.....

(60.00)

 

63030621_8-13-19MUTriggerHappy.thumb.png.badf2d18ec0d32d1570ea0f8fba4410d.png

JD .... Christmas tree.... best that I can describe ......... 1st, Long and got stopped out which was too tight.... I took the trade again with the proper stop, took some profit before BE then took it again on an ABCD and with a boob mistake I took more instead of continued to take profit..... kept taking it for small profits... Most of my entries were due to lots of large ASK orders in the proper price range....

(31.68) Hot Key mistake....  Added to a winning trade instead of getting out on accident should have been about +100

1074923390_8-13-19JDOvertrading.thumb.png.ac086b8c00df128e071e5fa8e16ab5bd.png

 

 

+AMD Reversal off of VWAP on the 5min using the 20 as a stop and yesterdays marker for profit.....

+AMD bounce off VWAP again but this time the BID orders coming through were very strong and the action went fast and I got out a little after my stop (I was just a little slow)..... 

             Don't even know why I took it on the third.... Was bored and realized it so I got out at BE to not mess with my day.....

              And now I am completely over trading and I will call it a morning and come back in the afternoon or tomorrow.... 

+40.83

273007286_8-13-19AMDMulti.thumb.png.9a5f06e709fd1c57a83f96cc9c8df36b.png

CONS: Over Traded overall in a big way, took several trades out of boredom and ended up getting out of them mostly at BE (negative after Fees).......... Traded MU in the first 5min and cost me a one and done.......... Still need to fine tune my trade sizes....

PROS: I did follow the rest of my PATs........ I do feel very good about following the LVL2 and using it to get in and out of trades

Note to self: Sticky Notes.......... Do not trade out of boredom, Walk away or Journal........... Look for more Patterns........... Fine tune trade sizes for R/R.............

Profit Target +50.00:    (50.58) .........Bad hotkey mistake should have been about +120

JD............ just trying to trade mainly off the LVL2........ Seems to work for quick scalps....... Short for a quick 10.00 then long for another 40.00

1493802425_8-13-19JDMidDayScalpsLVL2.thumb.png.7689e1824dc670167ea059330eba8b35.png

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8-14-19

tired little under 4hrs sleep...... SSS, Bucci, and Iced Coffee.....

PATSticky Notes.......... Do not trade out of boredom, Walk away or Journal........... Look for more Patterns........... Fine tune trade sizes for R/R.............

+AMRN ORB R/R .08/.34 took 500 for 40.00/170.00 risk was below VWAP at the time

+72.42

461791729_8-14-19AMRNORB0935.thumb.png.a997d50b57f03f65a5d838f23fd6aff8.png

 

+JD VWAP False Breakout reversal......... Didnt let it go to my Stop as I did not like the price action change.......  .05/.18 , 25.00/90.00

-15.00

575863692_8-14-19JDVWAPFalseBreakfail.thumb.png.2a6c3526167cc5e4d97f5847d26063c3.png

Cons: The JD trade after some thought was bouncing off of the 50ma  and is something I should have picked up on

Pros: During these two trades I did follow all my Sticky Notes, Rules and PAT........ Even though it was tough I kept myself from trading AMRN in the first 5........

Note to Self: Continue using my Sticky Notes as my guide............. Do not overtrade out of boredome...........

Profit Target +50.00:   +57.42

 

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Comparing your last 2 days, you definitely didn't over trade today! Good job doing that and following your rules! Glad you had a great day today!

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8-15-19

Up at 7:30 with 5hrs sleep. SSS Coffee.......... Thinking I may start waking at 8:00 as I have got much faster at premarket research........

PATContinue using my Sticky Notes as my guide............. Do not overtrade out of boredom........... Look for more Patterns........... Fine tune trade sizes for R/R............. Look out for strong MAs.... Need to get back to my basics and stop trying to rush / mirror trade..... Take my patterns and do my normal partials and honer my stops....

 

-MU 42.27 ORB .04/.19 @ 500 shares (with a .04 risk I should have taken 1000)............ I also made a hotkey mistake and took a quick in and out on for a small 5.00 Profit which turned out better for me this time....... All partials were 25% .........

+92.01 

1212761802_8-15-19MU0936ORB.thumb.png.d64cef6de4ac90c912634531b67a4d88.png

 

-AMRN 14.73 VWAP .05/.25 @ 500 shares (was gonna take 800 but with the day moving on I decided to go smaller)....... entered when it broke below VWAP and had the 50 and 200 as resistance on the 2min and the 9 and 50 on the 5min........ Ultimate target was Pre-Market Low 14.48 but was happy to hit the 200ma on the 5 (I was slow on the trigger)......got all out with profit as the market in general was chopping pretty bad...... I need to stop messing with my targeted stops (BE after a partial) as this could have been a big win.....

+30.26

314528749_8-15-19AMRN1036VWAP.thumb.png.8a624dcb7350fdb06de1d71ca4c2d2ed.png

 

Cons: Should have taken double the shares on MU which would have been a one and done......  Should have hung on to AMRN for BE on final, it did end up going to my ultimate target for way more profit (I may be a little tight when it come to taking profit and running).......... Still need more fine tuning on my share size

Pros: Waited on the first 5min to trade...... I did honer my Sticky Notes and PAT

Note to Self: Still need to fine tune my share sizes....... always use my Sticky Notes....

Profit Target (50.00): +122.27

Done for the Day... If I take anymore trades It will be SIM of SIM

Edited by Glenn Budde
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18 hours ago, WilliamH said:

Comparing your last 2 days, you definitely didn't over trade today! Good job doing that and following your rules! Glad you had a great day today!

Thank You..............

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8-16-19

Up @ 7:35 7hrs sleep...... rested, SSS and a Bucci

I started my day and forgot to log here first after these first two trades Ill take some time to log and clear my head.........

PATStill need to fine tune my share sizes....... always use my Sticky Notes....

 

-AMD and flipped to +AMD on ORB ...... third 5 min candle broke the  low of previous candle bodies, got stopped out and seen the action completely change so I flipped and took profits on the way up this candle till price action changed again....

 

+AMD flipped to -AMD on ABCD and a reversal all based on 5min..... got in late on the ABCD with small size (again not trusting my setups and myself) and added to it after confirmation, partialed out three times and all out on new 5min low..... seen the price action change to the short so I flipped the position, took partials and held for a bit, when I realized that I didnt have many shares left I just got out as I didnt have much more to gain. 

+91.62

532538153_8-16-19AMD0940ORBflippedposistion.thumb.png.d70f02aa76293f60b506371179efad04.png355901784_8-16-19AMD1035ABCDReversal.thumb.png.e04b3abc6d93237efec98eb2e46a8202.png

+CSCO 3 times on ABCD all fails.... I did take too many shares on this also (500 instead of 400) on every one.....

First I took when it went above the 9 to what I hoped was D..... Second bounced back off VWAP and again over the 9....... I should have never took the 3rd trade on revenge with no good stop loss calculated........

(165.00)

480682314_8-16-19CSCO0944.thumb.png.60f41742257b39e2fccd8aea2c361b48.png

 

+TPR VWAP Reversal (lightning bolt)........ Found this pattern from Peters Class but I got in late which moved my stop after partials to BE and got stopped out loosing lots of profit if i pulled the trigger at 19.60 like I should have (again no trust in myself or my setups)

+15.25

1597478557_8-16-19TPR1013VWAPlightning.thumb.png.9b22e8c4869e2fca05fb4c273a14fcbb.png

Cons: Still messing up my share sizes but getting a little better........ Back to not trusting myself and my setups, they have been working..... I did revenge trade on CSCO

Pros: I did pay attention to all my Sticky Notes and PAT.......... I am getting much closer to correct share sizes.........  Using new price action after entry I was able to flip and make more profit.....

Note to Self: Keep adjusting my share sizes......... Trust myself and my patterns.......... NO Revenge ...........

Profit Target (+50.00): (58.13)

Over all for the Week Target (+250): +397.78

Done for the Day.... If I come back it will be SIM of SIM.....

Took a closing 5 min trade..... not sure if I am supposed to treat this like an ORB but .... Seen the 1550 Candle as an engulfing crack and confirmation by the open of 1555 candle and added to my position on the pull back...... Also the LVL2 looked to be Bearish along with the +1.6% on the day (I figured that people would want to take profits for the weekend) took 50% profits all the way to 3 seconds before close...

Not sure if any of this is sound so if any Veterans would like to comment that would be great...

This trade would end up making my day break even but there is no way I would have done this with real money so it will just stay down here.....

+69.07

555727650_8-16-19AMDClosing5min.thumb.png.2355c8810397e3103181629395204445.png

Edited by Glenn Budde

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