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Glenn Budde

Budde (Booty) Trading Journal

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1-6 to 1-10-20

What I did bad this week:

Took my eyes off of one of my main stocks in play and missed one of my setups

Chased a couple trades this week

Left the Chat on and participated in a Chat group before 1000 last two days

What I did good this week:

My pre-market plans (IF/Thens) panned out

Used L2 and T&S for adding along with patterns and MAs

Feeling better about my in-trade management

Getting better about trusting my entries when they present themselves

Changes to be made this upcoming week:

Make sure I only take PB#1, PB#2 or PB#3 trades

Rules to stick by this upcoming Week:

After I call it a day by either MAX Loss, Profit Target or what I am comfortable with, only use the rest of the day for Chat, Journal, Playbook ect.

In-Trade and Daily Stops

Do Not chase or revenge trade

Make sure I only take PB#1, PB#2 or PB#3 trades

Edit: Only one loosing trade before 1100

Challenges for myself this upcoming Week:

No pre 5min trading

Only A or better setups at time of trade

No Voice Chat before 1000

Take a planned break at 1100 for other Bus.

@ 0915 do some exercise and then meditate to calm myself

Stay unbiased 

Notes:

Rules are not to be broken, these will cost money every time

My Challenges are almost as important as my Rules, Pay attention to them

If I feel overtired I will try going back to bed and coming back to Trend Trades later....

Goals and Rewards:

+10Rs or more at end of the month to consider trading with more size in the future two months                                  +6R for the week

Edited by Glenn Budde
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1-13-20

AIS 0800, 4 hours, 5/10 - 6.5/10

PAT: No Chasing .... Spreads ... 

Notes: Absolutely no Voice Chat till 1000 for the week.....  Keep my eyes on my main watch....

LK

Bad Trade... not on my watch list...

PB#1 5min ORB, 1 and 2min ABCD... but this was extended .... came back to my hard stop but with slippage It was more than planned...

-1.3R

1535195621_1-13-20LKPB1.thumb.png.ea7a2245e85a6158c0960987ddec86b9.png

BYND

PB#1 15min ORB in a clear uptrend with clear signals in the tape along with L2 ... Took partials up to 106 ... missed 107... at this time I was looking for an add so hard that I fabricated entries and stopped out on all of them including letting a winner loose profit..... Terrible Trade Management....

+1R

 14150188_1-13-20BYNDPB1.thumb.png.c26d877d67bb5f666b4433b7e4571e57.png1032949771_1-13-20BYNDPB11min.png.751764fc3d05f0ecce450e593d06ca68.png

BLDP

Over-trading......

PB#3..... two tries .... First one was chasing and second was just straight over-trading ... 

-1.7R

1846943856_1-13-20BLDPPB3.thumb.png.2d65ec5a146c3804c1489569ba778825.png

Cons: Chasing .. Over-Trading .... Bad Trade Management

Pros: Good entry on BYND using the Tape .....

Playbook Trade: None

Notes: New Rule .... Only one loosing trade before 1100 .... I need to leave room for trading in the better part of the day..

Rs: -2R

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This is the process, keep up the fight and don't get discouraged.

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14 hours ago, Mike B said:

This is the process, keep up the fight and don't get discouraged.

At this point I feel like the knowledge is there, now I need to let myself Win.....

By the Way ... Congratulations Sir...

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1-14-20

AIS 0915, 5 hours, 7/10 ..... Long night and very tired...

PAT: ............

Notes: .................

BYND

Shame me now as I am not supposed to be trading this time frame .... I only took this trade on some info from Jim, a long time trader that plays at the track .... He told me last night to buy it if it lost 125 and that it would get to 130 without a problem and maybe up to 140 - 150 but then could go back down to 110 once it makes a reverse.....  So I did and only used the Tape for this momentum trade.... I was a bit scared of this fastr moving stock and took tiny share size more to see if the info was correct....

+3R

690501393_1-14-20BYNDPB1.11min.png.f1309edf9b2b8d14e486202e75339a74.png

SDC

PB#2... First entry was a good entry but I did not trust myself and exited for no reason.... second was break above VWAP, an engulfing crack on the 15min and a strong Tape and L2 ..... very tight stop below VWAP... partial at levels of resistance and added once that resistance became support / a pivot ....... all out on a new 15min low ....

+3R

1169925618_1-14-20SDCPB3.thumb.png.e1bd09bd428f9e6fa2de4f93e6905e21.png

Cons: Woke up late and did not do my own pre-market research......  let my first SDC trade get the best of me on the chart and did not read the tape on this entry/exit ....

Pros: BYND was taken with small size and I did trade this with only the Tape.... SDC both entries were good ....

Playbook Trade: SDC 

Notes: I felt much better waking up later as I was tired.... I need to listen to my body more often

Rs: +3.3

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1-15-20

AIS 0800, 4 hours, 6/10, Feeling a little tired.... I need to be very careful .....

PAT: Spread .... Trade Size....

Notes: Do not stop out before planned stop unless the Tape tells me so.....

PCG

PB#2.....  Took this on a pullback to VWAP on previous 1min candle but could not close below ended up stopped out with strong momentum to the short side ... I flipped my position .... covered some to reduce risk and then covered more..... I added to the short again with momentum from the tape and came back again to my stop..... done for the morning.....

-1R

240170465_1-15-20PCGPB2.thumb.png.ae12de83c425234070d2ba2d029cd3b4.png

CRON

PB#3...... Pull back to the 9ema on the 2min with an ABCD pattern .... no new low on 5 or 15min .... Took 50% off at 2R and looking for a place to add as long as the Tape allows me.... then 25% more at 3.5R..... All out at BE ... tried two more time to get taken out both times at mt stop....

-1R

1664385860_1-15-20CRONPB3.thumb.png.20bbd4d35856d62fdeec282bd1c91bd0.png245000464_1-15-20CRONPB32min.png.2c06d27dcc9a391d2118b6e37711b2f7.png

TGT

Overt-trading and done for the day....... no real playbook trade here ..... Took this as I  was listening to Brian  and as he was talking about it getting to VWAP I was thinking the same thing so I entered without any thought.... I let the Chat stress me out once again....

-1R

Cons: Maybe should have just went back to sleep for a bit and came back in the afternoon .... listening to Chat...... 

Pros: Getting out of here before I start Revenge

Playbook Trade: none....

Notes: I need to consider trading in the first 5min if I have a solid plan and it follows my plan to the T .....

Rs: -3R

Edited by Glenn Budde
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1-16-20 Did not Trade ......

1-17-20

AIS 0800, 7 hours, 5/10

PAT: Spread .... Revenge/Chasing ......

Notes: Listen to my body, if I am tired at the open go back to sleep..... If I have a pre-market plan written down I will be allowed a trade pre 5min if it follows the plan to a T.....

Complete over-trading and and past my max stop loss for the day..... Was at my goal and continued till I gave it all back and all the way to -4R

no real need for charts as this was just a blow up day..... the only thing that was planned and was what I had a plan for was the first two PINS shorts with the adds and partials.... should have stopped there....

1334747143_1-17-20LKPB1PB2PB3.thumb.png.8bfc433c2d41ea056dd8cca557709c49.png1764611811_1-17-20PINSPB1PB3.thumb.png.0b8ea2040e8f06c33ddacc33948dd540.png

Cons: Did not follow my rules: traded past my first looser before 1100, went past my max loss for the day, chased......

Pros: First trade on PINS was a pre-open plan that panned out perfectly

Playbook Trade: none

Notes: Think I will switch my montage to SIM for next week.....

Rs: -4R

 

Edited by Glenn Budde

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1-13 to 1-17-20

What I did bad this week:

Rules Broken: Chasing on a few occasions, Over-trading a couple days along with trading more than 1 loss before 1100 on Fri., Listening to Chat on Wed and Fri before 1000. Traded past my max loss for the day.

Traded with bad management and did not read the tape on three trades

Took too small of size on an A+ setup

Pre-Market: Did not do my research on one day, Did not meditate on two days 

What I did good this week:

Took A+ entries on three trades with size

Used the Tape for trade management on two trades

Planned IF/Then Pre-Market on two trades

Changes to be made this upcoming week:

Will trade SIM for the First part of the Week and only if the first two days I follow my Rules will I go back Live and with very small size...

Rules to stick by this upcoming Week:

After I call it a day by either MAX Loss, Profit Target or what I am comfortable with, only use the rest of the day for Chat, Journal, Playbook ect.

In-Trade and Daily Stops

Do Not chase or revenge trade

Make sure I only take PB#1 or PB#3 trades Live, All others in SIM

Only one loosing Live trade before 1100

Challenges for myself this upcoming Week:

No pre 5min trading unless I have a clear plan in place 

Only A or better setups at time of trade

No BBT Audio between 0945 and 1000

Take a planned break at 1100 for other Bus.

@ 0915 do some exercise and then meditate to calm myself

Stay unbiased 

If I feel overtired I will try going back to bed and coming back to Trend Trades later....

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:

+10Rs or more at end of the month to consider trading with more size in the future two months                                 -5.7 for the week

Edited by Glenn Budde
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1-21-20

AIS 0800, 5 hours sleep

PAT: Revenge.... Over-trading

Notes: First week trading a Live and Sim account together... Only PB#1 and PB#3 for Live all the rest in SIM

0920 How I feel 6/10

LK Live

PB#1 .... 15min ORB with ABCD on the 2min.... I jumped the gun and did not wait for better confirmation on the 2min ABCD out at full stop......

-1R

1407918639_1-21-20LKPB1.thumb.png.88d8c6f391af2e6ad37a1d2a2e80d056.png

UBER SIM

2 trades off of 36.15 Level only.... tight stop on both.... first full stop second took 1/2 off to reduce risk and stopped out..... both times the Tape did a U-Turn on me.....

-1R

1614305422_1-21-20UBERSIMLevels.thumb.png.22fec58c5e416e65a67537d919d651d7.png

JD SIM

PB#3..... Only reason for Sim was because the 5min had a new low..... touched all other points for PB#3.... Looked away from it and it hit my hard stop, I maybe could have saved some if I was watching it better....

-1R

1258823017_1-21-20JDPB3.thumb.png.9a11c89842ab5b5c8f16a3020b21e741.png

TCOM SIM 😞

PB#3 ..... trend trade ABCD on 1min should have been in at 1240 on the EMAs crossing also ABCD on 1min..... Took this on SIM because I was scared of what I did this morning.....  Took a second trade  same play...

+6.6

85563957_1-21-20TCOMPB3.thumb.png.57dd5f5c709e649a8ea2d3dc05ba9204.png1992530357_1-21-20TCOM1min.png.7967f0c010f24846d70c3aecc326898d.png

776889839_1-21-20TCOMPB3-2.thumb.png.3008aa7828c745c950f7fd6a813f58e4.png

Cons: Did not wait for better confirmation and jumped the gun on my Live LK trade....  

Pros: Leaving the desk so I do not revenge trade came back and stayed in SIM for the TCOM trade

Playbook Trade: TCOM

Notes: Stay focused .... 

Rs: -1R Live  +4.6R SIM

Edited by Glenn Budde
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1-22-20

AIS 0810,  4 hours

PAT: A or better setups..... Playbook Only.....

Notes: Only PB#3 Live..... Montage on SIM for first 10 to 15min only.....

0925 7/10

IBM SIM PB#1, Live PB#3

PB#1 and PB#3..... First 5min ORB with an ABCD on the 1 na d 2min Partials and add all the way to 0954 and all out at BE +1.3R .... second trade for trend.... I called out the 9ema crossing the 20 on the 1min and for some stupid reason I still took it long..... hard stopped for -1R

+ 0.3 R

98234915_1-22-20IBMPB1.thumb.png.741a9ec31fab0edc8a4c1a459be9acdb.png

JD SIM

PB#3.....Trend with ABCD on 2min, a bit late..... took partials and set a Range for lunch and came back to all out at BE.....

+0.6 R

102137481_1-22-20JDPB3.thumb.png.756d269270a0f95430a3ed8936bef0b4.png

Cons: Took the live trade against what I was talking about....

Pros:

Playbook Trade:

Notes:

Rs: +2 SIM -1 Live = +1 R

Edited by Glenn Budde
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1-23-20

AIS 0820, 3 hours

PAT: Over-Trading...... SIM / LIVE ..... Trust Myself....

Notes: LIVE only on A+ setups and for now only past after my break at 1100.... 

0925 7/10

JD

PB#3 SIM

Trend on the 9ema using Tape for confirmation added in and also did not stop out with info from Tape took two partials and all out at BE..... Reentered and out again this time with pressure from Tape, I did not let it go to my stop but instead again from the Tape I took another entry at the previous stop for another scalp and out at BE.

+1R

1995179725_1-23-20JDPB3.thumb.png.cc154b76d8eb0b04cb29cf94cd0e4d84.png

NIO SIM

PB#2 VWAP false breakout and a nice 15min reversal candle.... main problems with this trade is all the MAs above but it did not respect these levels on the small time frames so I did not put as much weight on these.... again did not stop out when it went a penny below my stop reading the Tape..... took a partial and out at BE....

+0.5R

849340923_1-23-20NIOPB2.thumb.png.7589f5171ac154d7f3c0794caa25fac3.png

One more on WF LIVE

PB#3.... Trending the 9ema on the 5min and a nice ABCD on the 2min... took it once then added in for a second ABCD.... took partials down to 30% shares left for all out at 48.43

+6R

1832116488_1-23-20WFCPB3.thumb.png.2f3e52ea0fb2faefb1e169eab732f499.png

 

Cons: Wanted in a couple times but failed to pull the trigger.... (they did work out)

Pros: Used the Tape for entries, partials and exits......

Playbook Trade: WFC

Notes: WFC was a perfect setup for me and I took it with size....

Rs: +7.5R

 

 

Edited by Glenn Budde
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1-24-20

AIS 0900, 7 hours, 7/10

Woke up too late to start my journal and was not able to do my morning rituals.... I was able to pull levels for my watch list and pull if / thens ......

INTC

PB#1 first entry turned to PB#3 on second entry


ORB supported by ABCD and the Tape..... Took two partials then added back in each partial was 50% and every add was back to original share size...... last one I stopped out of on the Tape....

+9R

843758737_1-24-20INTCPB1PB3.thumb.png.9cd7dfc24ce337f180e0f2017a722b93.png

Cons: Missed an add at about 1033 to increase my risk

Pros: Am able to trade calmly with less stress on the phone with a couple traders (thanks Ted and Steph)

Playbook Trade: INTC

Notes: stay with my small group and talk out my trades

Rs: +9

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Great trade. Great adding back. You added in when I bailed 🙁

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On 1/24/2020 at 2:02 PM, Rob C said:

Great trade. Great adding back. You added in when I bailed 🙁

You made money though..... I entered when Andrew took a partial also..... lol  .... Its a hard game we play and try to master..... 

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