Budde (Booty) Trading Journal

[Glenn Budde 356]

@Mark D. I didnt even see that after my review.... thanks for the point out.... and good luck today.....

[Glenn Budde 356]

9-9-19

woke at 7:30 with about 5 hours of sleep.... feel OK, had an eventful weekend.... SSS and some breakfast and coffee.

PAT: Playbook Trades only.... Sticky notes...... Take more normal share sizes.... Be careful early on (small share sizes first 30min.)....

I am gonna do my best at keeping a more detailed journal.....

UGAZ PB#1.... I took only 100 shares.... This was what I feel an A+ setup for ORB with good confirmation of ABCD on 1min (need to maybe take more size when I feel like my setup is this good)........ sold 50% at 2r (moved stop to BE) and 3r (Moved Stop to 1r) then 10% each at 4r and 5r (now stop at 3r)......  have 21 shares left..... 1012 now looking for an add for PB#3 but I need to make sure that 21.00 will hold as a support instead of resistance.... 1023 Moved stop to 4r of 20.72, if it breaks the 20ma I can expect it to go to VWAP...... Have lots of indecision candles  on all time frames so I will sit and wait for a good PB#3 add if possible...... added 100 shares at 21.04 as it feels like it has found support at 21.00 moving my BE to 20.93, my new stop is just below to 20ma and a target of 21.49 (technical level I have marked)..... 1037 sold 25% at 2r keeping my stop at below the 20ma..... 1045 I have a new 5min low  with a second 5min low at 1050 
I have a hard stop set at 21.03 that was just hit for 1r on the remaining.... total for this trade was +36.18 (wish I would have taken proper share size from the beginning, I need to shake off this small share size and scalling in stuff I was trying last week. It is just not my style)

As of 1012 I was using the 2min for the 9ma trend and keeping an eye on the 5min and 15min for new lows.....

took a stab at a reversal and got quickly stopped out.... -11.00 and then again went long at 21.04 looking for 21.49 again but will partial 25 % at HOD and new 5min low for stop......  added in with strong  LVL2 holding my stop at a new 5min low which it is testing  right now... and stopped out.... -21.00

+4.18

DOCU PB#1..... entered on a late 15min ORB with confirm of 5 min ABCD, there was a very large order at 58.00 and full of green on T&S at the time.... it started to dump so I exited before my stop because of price action.... I feel like this is more of a C setup and I should not have taken it, I clicked on the stock to look at it and noticed the patteren right away and took the trade without too much more thought.......

 -25.00

I probably should have hung it up for the day after these trades but I was no where near my max loss, which should not be a goal..... but I continued....... I took a few C and B setups which was bad.....

1242 looking at DOCU ...... PB#2...... Feel very good about the DOCU setup here breaking VWAP, I think I would give this a B+ setup..... with a nice tight stop below VWAP I will see if I can get HOD with maybe a partial before 59.00..... 1304 looking a little choppy and the volume has died down..... probably should have partialed at 58.88 and may take a smaller partial depending on price action..... took 50% off hitting the 9ma twice and red running through the T&S.... may actually be an add in position but I do not like the new low on the 5min..... 1311 need to step away here and there for another business so I will set a hard stop at 58.55 which is below the 9ma on the 5min..... as I keep checking in on this I am adjusting my hard stop to follow just below the 9ma on the 5min.... My hard stop did not activate for some reason and I manually stopped at a few cents below what the stop was set for...... +125.00

Cons: I had trouble getting in for a full position like I have been doing up unto about a week ago when I started scaling in with small sizes, I need to get back to what was working for me.... I also have not been trading the first 5min when on my mental entries they have been working out..... I feel like after the first UGAZ trade with the add in I should not have reentered and moved on, I paid it too much attention.... I did over trade today which seems to be a pattern that I need to fix in the next 6 weeks if I am going live by then.....

Pros: I did respect my stop losses even though my position was small.....

R= 50.00      +109.68

Think I will start trading the first 5 min for a couple weeks... all my mental entries have been working out for me.....

Edited September 9, 2019 by Glenn Budde

[Glenn Budde 356]

9-10-19

Woke at 7:40, 4 hours of sleep, a little groggy.... SSS, making some coffee and I will do a little exercise before I begin........

PAT: If I have a good entry for a pre 5min trade I will take it...... Trade less in the late morning..... Start readjusting my share size according to my strategy for full entries and a % depending on the strength of the setup.... 

Over traded the morning and here I am to take a break..... And now that I look at my P&L, I made a very bad mistake on ACAD below, loosing more than my max loss in one trade......

 

ACAD.........  I didn't remember taking this trade, must have hit my hot button on accident. as soon as I realized it I got out but probably should have paid attention to the action as it would have been a good entry for a great Win.....

-185.00

CRWD.......... PB#1......... took a few scalps with full share sizes 

first two were 10min ORBs 

third was a 30min ORB full share size and this is where I started my journal... I missed my stop loss on the drop of the 1006 candle but it was shooting back up with lots of green on the tape so instead I added another full position and this time set up hard stops which It hit at my 2r......

THE BAD was My r/r was 1/1 on the first and second and 1.5/1 on the third

+786.00

CTRP........ talked myself into PB#1 but it was FOMO........... I was mad at myself for not taking the trade at the 1min ORB and took these two trades out of FOMO.....

-229.00

TVIX........ one more mistake...... not in Playbook and was only taken because SPY was dumping........ Yet another mistake........ I did acknowledge this and exited it right away.....

-25.00

 

Back after a break and to work on our other business, I also did a little stretching and meditation.....

MDP from Turbo scanner..... PB#3, This was not a perfect entry and I didnt think I would get back to the 9ma anytime soon so I went long after reading the news on this... on 9-5-19 there is a class action lawsuit against them and the price gaped down from 44.00 to 41.00 and all the way down to 31.00 a All Time Low at end of day, the next two trading days showed strength and today the price action is heading back up with strength......

I took full share size with a stop at the 9ma and a target of a daily 37.49..... I was back and forth so I set a hard stop...... I came back about 1125 to find the 5min was full of indecision so I took off 50% after the 5min had a new low.... and asll out on the 5min break of the 9ma..... My realized R/R on this was 3.5/1

I believe I needed a mental break from the lack of sleep..... This is the only trade I actually felt good about.....

+310.00

I really need to close down but I feel like I will miss out on knowledge...... I will force myself and come back to the forum after the day is over.....

 

Cons: made two FOMO trades......... one mistake on the keys........ one mistake by leaving a trade without a hard stop....... and the TVIX trade without a plan or setup.......... bad r/r ratios......

Pros: Did get out of both trades that were mistakes right away......... did get back to my Scalping strategy with full share sizes........

 

Notes: I feel more at ease trading with full share sizes and not having to look for reentries to add on so that my Rs make sense to me.......... maybe when I feel sleepy in the AM I should do my morning research and return after another couple hours of sleep or just sleep in and get up for a later session....... Focus on better r/r and share sizes........

R = 50.00:            +657.00

 

[Glenn Budde 356]

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

Edited September 11, 2019 by Glenn Budde

[Glenn Budde 356]

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

Edited September 13, 2019 by Glenn Budde

[Glenn Budde 356]

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

[Glenn Budde 356]

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

[Glenn Budde 356]

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

[Glenn Budde 356]

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

[Mike B 624]

11 hours ago, Glenn Budde said:

I let my emotions get the best of me and continued to trade after the three.......

You are not the only one that let emotions get in the way today.

[Glenn Budde 356]

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

[Glenn Budde 356]

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 

Edited September 20, 2019 by Glenn Budde

[Glenn Budde 356]

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....

 

 

[Glenn Budde 356]

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

Edited September 24, 2019 by Glenn Budde

[Glenn Budde 356]

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