Glenn Budde 356 Posted February 24, 2020 4-24-20 AIS 0800, 4 hours, 6/10 PAT: Over-trading ..... Live PB#3 only ....... A or better setups ....... Feeling a bit jittery..... on Thors advice I will trade 1/2 size today..... TEVA FDA Approval PB#3 ... trending the 9ema on the 2min with ABCD on the 2 and 5min ...... first partial at a resistance level and slow of T&S and L2 ....... Second partial I accidentally hit the button twice leaving me with almost nothing... all out at the return to the 9ema on the 2min.... 2nd entry the 5min was holding the 9ema and the new, the bad was a new 15min low on previous candle but I was able to keep a tight stop at .77 for a new 15min low .... chopped in a range forever and got bored so I am all out at first target of .90 PTON PB#3 .... stopped out when it broke the trend shooting for the 20ema on the 2min .... maybe could have held through it but with the spy being so choppy I felt better just getting out and happy with a green day.... it did end up in a chop for next 15min before I turned off DAS for the day Cons: Didn't need to trade PTON so I will call this Over-trading Pros: Very patient on the morning waiting on my PB#3 setup PB Trade: TEVA Rs: +1.2 1 Share this post Link to post Share on other sites
Rob C 826 Posted February 24, 2020 Great entry on TEVA! 1 Share this post Link to post Share on other sites
Glenn Budde 356 Posted February 24, 2020 25 minutes ago, Rob C said: Great entry on TEVA! Thanks, today has been a patience builder for me.... hope your day is green Share this post Link to post Share on other sites
Glenn Budde 356 Posted February 25, 2020 2-25-20 AIS 0800, 4 hours, 5/10 PAT: Over-trading / boredom ..... MRNA PB#7 ... 15min reversal, second 15min candle high and running through 21.25 Resistance level (old Support)... I hesitated on the partial and missed the top.... Also on the all out I accidentally reversed my position and corrected it as soon as I seen it. Even though it was looking good for a short I wanted it corrected so I do not come back and think I was a genius LOL BE CONS: I knew I was very sleepy this morning from a long night at work and should have stayed in bed for some afternoon trading Pros: I controlled myself from taking trades out of boredom PB Trade: MRNA Rs: BE Share this post Link to post Share on other sites
Glenn Budde 356 Posted February 27, 2020 2-26 and 2-27-20 I had very limited time due to no sleep and some family medical emergencies (all is ok so far) on the 26th I woke very tired, traded MU and went back to bed to be woke up for Medical Stuff. Had a very long night at work and woke up after 1100 on the 27th. traded DIS for the first loss and started to Over-trade and revenge, highly fatigued so I have shut down my system for the day. MU on 2-26 PB#1 .... Ill let thje chart talk gonna go rest for the day. DIS on 2-27 Comp[lete Christmas tree, Over-trading / Revenge... just too tired to trade or concentrate on anything -1.8R Cons: see above Pros: recognized what I was doing in DIS so I am done for the day with a small loss Rs: for both days -1.2R Share this post Link to post Share on other sites
Glenn Budde 356 Posted February 28, 2020 2-28-20 AIS 0815, 5.5 hours, 6/10 PAT: Over-trading ..... Execute setup when ready but do not jump the gun Bad day, I over-traded on both tickers and took too much size on both. This could have easily turned into a HULK day but talking it out helped me get out. AMD -1.4R TVIX I was way over-trading and was taking too much share size causing me to have bad trade management. -7.6R Cons: over-trading .... did not respect daily stop and once an in-trade stop Pros: did recognize my over-trading before I went complete HULK Rs: -9R 1 Share this post Link to post Share on other sites
Glenn Budde 356 Posted March 4, 2020 3-2-20 , 3-3-20 Was having issues getting into the new forum Monday and Tuesday were bad days for me. On Monday I took Live trades outside of my PB#3 and had a -3.4R day On Tuesday I did limit myself to PB#3 trades Live but got chopped up for -2.2R Charts are below. I did journal these charts in Tradervue Pros and COns Listed above and in TRADERVUE Rs: -5.6 1 Share this post Link to post Share on other sites
Glenn Budde 356 Posted March 4, 2020 (edited) 3-4-20 This is the first week that I am trying some new things. With my lack of sleep because of my job I am falling into a trend where I get super fatigued once a month and get into a Mini Hulk day and on a weekly basis I am super tired and fatigued especially on Wed. and Thur. So on these two days I will sleep in and get a good rest to trade the afternoon market where in the past I have proven to be more profitable also. AIS 1200, 7 hours, 8/10 TGT PB#3 .... The downtrend had reversed on the 15 and 30Min. I took 3 partials and all out on first trade and reentered on a new ABCD on the 2min with a partial and all out on L2 and T&S action +4.5R AMD PB#3 trend scalps... these were all individual trades for Scalps in this choppy market... 2 winners 1 looser +1R Cons: None that I can think of right now Pros: Had a plan to scalp off of the L2 and T&S and stuck to it. PB Trade: TGT Rs: +5.6R Edited March 4, 2020 by Glenn Budde 3 Share this post Link to post Share on other sites
Glenn Budde 356 Posted March 5, 2020 3-5-20 AIS 1145, 7 hours, 7/10 PAT: only PB#3 Live and all PB#3 Live .... Over-trading AAL Reson2Trade: Virus has been bad news for travel, On Scanners, RVOL was 247% at time of trade and 402% yesterday PB#3, Trending the 9ema on the 5min, a pullback and confirmation of ABCD on the 2min with small entry and increasing upon further confirmation. In at 16.75 Risk was 16.82 and target was 16.50 (3/1). Took 25% at 1R to reduce risk as SPY is getting close to a possible double bottom. Took 25% more at 2R and am very happy that this is not following SPY but it is only Helping it out. 25% more at 3R as this 16.50 was a struggle and there was someone holding the BID. Once it broke out with serious volume I took another 25% at almost 4R. I put a SSR order in for 16.55 to add on with no luck on the fill. I brought the order down to 16.47 to get filled (chased a bit here) and should have left it at .55 . This brought my average down too much so I just got all out with a mostly good trade till the add. This was an expected retrace and consolidation but I let my emotions get the best of me. +2R This trade was mainly based on it not following SPY like most other stocks and L2 2nd trade, new ABCD on 2min, set an order at 16.42 for 1/2 size with a stop at 16.50 and a target based on L2 at 16.00 (5/1). After two more 5min candles and a new 15min I moved my stop to 16.46 which would be a new 15min high buy .02 and also this will cross the 9 and 20 on the 1min. All out for a -0.2R trade 3rd trade PB#7. at 1324 and 1336, I jumped the gun here on the first one but the second one followed most of the rules of the trade. The MAs on the 2min were not pointing up yet as they did at 1346 which is the same or better entry but all align with the trade rules. I think I will add that L2 must also be turning around for more confirmation of the reversal. This trade stayed very Bearish on the L2. This did end up as a reversal. I will now need to look for better stops in the future This is pure speculation and trial and error on a new setup and was obviously in SIM Cons: a little mismanagement at the end of the first AAL trade Pros: stuck with my plan and read the tape well PB Trade: AAL Rs: +1.8 3 Share this post Link to post Share on other sites
Glenn Budde 356 Posted March 6, 2020 3-6-20 AIS 0805, 6 hours, 6/10 PAT: PB#3 Live Trades .... Over-trading .... JD PB#1, 5min ORB, ABCD on 2min, partial then bigger add on than I should have and stopped +0.2R AMD PB#3, testing the PML for the third time for a new trend entry, very tight stop. If momentum does not carry it quickly to RED/Green then its time to stop. I was more aggressive on the partials due to the current choppy market conditions. All out at 1108 but realized shortly after that I forgot to take and order out and I was short and covered as soon as I realized it. +2.5R JD PB#3, trend scalps. These are three individual trades and all were mainly based on L2 and T&S with confirmation of the chart and levels off the chart. +4.5R Cons: did not remove an order on AMD and got lucky that it did not make me pay the price. Took my eyes off for journal and missed moves on JD Pros: Found my setups and worked them to the current market, Scalping and taking more partials PB Trade: AMD Rs: +6.2R 2 Share this post Link to post Share on other sites
Glenn Budde 356 Posted March 8, 2020 3-2 to 3-6-20 What I did bad this week: Technical Errors: Forgot to remove a stop order and ended up in a short that I did not want Trade management could have been a little better but overall it is getting better Over-trading on 1 day Took my eyes off of charts for journal to miss a great opp Took Live Trades outside of PB#3 on 1 day What I did good this week: Respected my in trade and daily stops Got out after either stop for the day or a goal in mind and did not trade the rest of the day as planned on all days and did not Over-trade Stuck to my plan on 2 days Reading the tape well on focused days Adjusted in-trade trading plan for the current choppy market taking more partials and scalping more Changes to be made this upcoming week: Work on my Trend Scalps as Scalps and not long term Trends Rules to stick by this upcoming Week: After I call it a day by either MAX Loss, Profit Target or what I am comfortable with, only use the rest of the day for Chat, Journal, Playbook ect. In-Trade and Daily Stops Do Not chase or revenge trade Live Only one loosing trade before 1100 Challenges for myself this upcoming Week: Only A or better setups at time of trade On mic trades only with my small group Take a planned break at 1100 to 1200 for other Bus. @ 0905 do some exercise and then meditate to calm myself Stay unbiased Notes: Rules are not to be broken, these will cost money every time My Challenges are almost as important as my Rules, Pay attention to them If I feel overtired I will try going back to bed and coming back to Trend Trades later.... Goals and Rewards: +20Rs or more at end of the month to consider trading with more size in the future two months +8R for the week 1 Share this post Link to post Share on other sites
Glenn Budde 356 Posted March 9, 2020 3-9-20 AIS 0800, 4 hours, 6/10 PAT: Live trades in PB#3 only.... Over-trading ... One Live looser only before 1100 ... more scalps with volatile market... AMD PB#1 5min ORB forming an ABCD on the 2min above the 9ema, after it started to go up it immediately turned against me so I stopped myself out early. my stop was below VWAP so I did save money but should have stuck with it.... -1.2R SQ PB#3 Took a series of 3 trend scalps using 65.99 level and HOD +2R CCL PB#3 Trend scalp Was wanting it a bit higher but I set my order a little too low to make sure I got filled and took a scalp for 1R +1R SQ PB#3 after the extended pullback and breaking VWAP, 65.99 level and the EMAs on the 5min for a trend up on the 2min. a 1min abcd with a stop at 65.98. First partial was 50% the next two were 25% each and all out on the fourth +3R Cons: Took my eyes off of AMD. Jumped the gun on CCL trade Pros: Took positions when they arise PB trade SQ second chart Rs: +4.8R 4 Share this post Link to post Share on other sites
Glenn Budde 356 Posted March 10, 2020 3-10-20 AIS 0800, 4 hours, 5.5/10 PAT: Over-trading... PB#3 in Live only ... stick with stocks in play.... TWTR PB#3 two trades....first one was over extended and I knew it but reduced share size. goal was to scalp it but I did not because of the small size I had which was a mistake on trade management. second entry was much better and I did take the same amount of share size as to not skew the Rs for this trade. with partials and an all out on new bad price action and tape. this did end up coming back to 34.40 as of this post and I am happy with the all out. -0.2R .Cons: chased first trade... was very tired and maybe should have come back later Pros: getting out now before I do something stupid as I am very tired Rs: -0.2R 2 Share this post Link to post Share on other sites
Glenn Budde 356 Posted March 11, 2020 3-11-20 AIS 1150, 7 hours, 7/10 CCL PB#3, B setup Trending the 9 on the 5min with a retrace to the 20. I got to the desk at 1150 and found this at 1152. Took it quickly in SIM because I was not able to evaluate it fully. This is not a normal setup that I would take for my PB#3 and was taken in SIM -0.4R JD PB#3 (1rst trade) Trending the 9 on the 5min with a pullback to the 9 for entry. Took a 50% partial at whole dollar and a marked level from the daily which also is showing resistance on the intraday and all out at BE +1R PB#2 (2nd trade) a VWAP play that did not work right off the bat. -0.6R Cons: None Pros: stayed in control of this choppy market Rs: +0.2 3 Share this post Link to post Share on other sites
Glenn Budde 356 Posted March 12, 2020 3-12-20 AIS 1115, 7 hours, 7/10 JD PB#3 Trending the 9 on the 5, entry based on the 2min. Add on again on the bounce off the 9 on the 2min. Took a partial and once I seen the momentum changing I took the rest off. I should have scalped the first entry and made the second entry another scalp as this is where it seems to be more profitable in the current market +3.5R CY PB#3 Trending the 9 and not trading with SPY. First entry was based on the 2min pullback to the 9 with a bounce and add on was the bounce off the 9 on the 5min. I was also watching a held bid along with T&S for the add. Took profits at key points on the L2 and daily levels and all out at BE. My R/R on this setup was bad and miscalculated +1R Cons: Miscalc. R/R ... Should have scalped the JD trade Pros: Took most of what I called out but missed one. PB Trade: JD Rs: +4.5R 3 Share this post Link to post Share on other sites
