Glenn Budde 356 Posted October 21, 2019 10-21-19 At desk at 7:55, feel ok..... Normal morning and premarket routine.... PAT: FOMO ..... Scaled down Live Trade Size...... Notes: First Day with a potential Live Trade be very aware as to grade of setups..... All of the trades thus far should have been in SIM but............ ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- This the break of SIM and Live account Trades........ ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- I did not find anything I was willing to trade in Live account but I did end up in Live positions three different time with the montage switching back and forth on me..... I now realize that the montage automatically sets to my Live account every time I choose a new stock..... Live and Learn ...... Cost me ..... -60.02 YNDX Finally found a trade I thought I liked but once I got in it, it was hitting the 9ema on the 30min over and over so I just got out at what I thought was BE.... my stop was at 9.24 for a .06 risk and I thought I was at 9.42 for reward..... After analysis I found this serious resistance on the 30min.... -10.45 Cons: I completely messed up my SIM / Live account in the trades Pros: I did use smaller share size and followed my stop when I did not have a hard stop..... Favorite Trade: none Notes: Remember Montage is on Live account by default..... -70.47 1 Share this post Link to post Share on other sites
Glenn Budde 356 Posted October 22, 2019 (edited) 10-22-19 AIS 0815..... feel ok with 4 hours sleep..... SSS, Coffee.... PAT: SIM / Live Montage.... Patience..... Notes: Took another Trade on YNDX yesterday afternoon and ended up a decent winner bringing my loss significantly down..... I think I will not SIM trade at all today as to keep from making montage mistakes..... BMY PB#1...... A setup..... took 1/2 size due to it being an ORB (was only 28 shares due to large stop and 1/2 size of an already drastically lowered R value from going live)..... 5min ORB with a beautiful ABCD on 1min........ Held through my Target of 57.00 which may be a mistake (I feel here that the very low risk may be too low as I probably would have took 1/2 off at 57.00 and moved my stop to BE for a trend), I am hopping this turns into a trend trade..... Its looking like its gonna stop me out for a -10.00 loss instead of a 14.00 profit.... a swing of 24.00 on a 10.00 stop...... hard stopped.... My total risk was 10.00 on this and I feel like it may be too little as I feel like I was gambling on the Trend instead of locking in my profit at my Target and letting 1/2 run for a possible Trend.... -9.80 Took a second trade for a reversal and totally against my Rules which is only out of my playbook (this is not in my playbook) stopped out.... -14.30 And yet another Trade PB#3....A setup.... full size.... ended up getting stopped out above the 9ema and 200ma on the 2min.... this is the end of my day as this is 1% off my account.... -16.00 May be a bit of over trading here but I did take BMY again for a PB#3 trend... took full share size (what I was used to in SIM) and used my normal partials +32.77 HOG PB#3.... B+ setup.... took 1/2 size due to grade of trade..... stopped out at hard stop..... -11.28 DUST PB#3...... A setup... a little extended from the 2min for an A+...... Thought I took full size but I ended up with just a bit above 1/2....... took 1/2 off at 1 R...... and stopped out at BE.... +5.00 Cons: Small size had me gambling on BMY..... struggling with proper size..... Pros: Did have a nice entry on BMY but mismanaged it (Gambled).... Favorite Trade: BMY PB#1 (mismanaged but a good entry and setup) Notes: A and A+ setups use 20.00 stop loss..... Think I will take it easy between 1030 and 1200 as this has been my worst trading time.... -13.61 Edited October 22, 2019 by Glenn Budde 1 Share this post Link to post Share on other sites
Glenn Budde 356 Posted October 23, 2019 10-23-19 0800 AIS... SSS and a Coffee.... Exercise and meditation.... PAT: Share Size..... Manage Trade.... Notes: Increase Full Size to 2/5 my normal SIM for A and A+ setups..... I will get some other work done around 1030 to 1200 as this seems to be my worst part of the day AMD PB#1.....A setup..... took full size.... first in for 5min ORB with a mini ABCD on 1min... took 50% off at 1R added back in on a 10min ORB with a clear ABCD on 1 and 2min... took 25% each at 1R and 2R from new Avg. Cost and all out at 1R and large orders on the BID along with the tape falling off and this is my Reason2Exit...... +32.70 MU PB#3........ A setup.... Extended is the Reason it was not an A+....... took a little more than full share size (feeling very positive)..... Several bounces off the 9ema on the 2min with a min ABCD.... in a clear uptrend after the W double bottom on the 5min..... R/R was a little under 2/1 .... Managed the trade kinda bad, I set a range order for my R/R full the full amount but I should have just sent an order for 50% then managed it from there..... Or this may teach me something..... +72.00 second trade PB#3..... This is at best a B setup and I should not have gotten in it....... and I took full size ....... Took 3/4 off to reduce my risk down to 1/4 size..... took 1/3 off at 2R..... and moved stop to BE ...... Got stopped out.... +7.69 Took a 3 trades that after I got in them I realized I was in a B setup or worse and got stopped out of them.... I need to Remember I am not in SIM and I do not want to practice right now.... Only PB setups and only A or better.... -38.12 Cons: Taking sub par trades...... Pros: Found my patterns and style of trades I like Favorite Trade: AMD PB#1 5 and 10min ORB Notes: DO NOT TAKE SUB PAR TRADES..... Keep my stop / R at 20.00.... P&L: +74.27 2 Share this post Link to post Share on other sites
Glenn Budde 356 Posted October 24, 2019 (edited) 10-24-19 AIS 0800 with 4 hoiurs.... SS and a coffee... feel a little groggy.... PAT: No Sub par trades..... Keep share size Notes: DO NOT TAKE SUB PAR TRADES..... Keep my stop / R at 10.00 and 20.00.... AMAT PB#1..... B+ setup (thought of it as a A)..... this was a beautiful 5min ORB but lacked the confirmation of an ABCD... The LVL2 and the Tape was very bullish.... Took 50% partials two times at 1R due to the change in the price action on L2 and Tape...... then all out at BE..... +18.50 AZN PB#1...... A setup... mostly due to the Tape and LVL2 with a 30min ORB, trend of the 9ema on the 5min and an ABCD on the 1min... didnt make an A+ because the ABCD was not as clear..... My first mistake was I took it for a 10.00 R instead of the 20.00 that I thought I hit...... took 25% off at 1R and set an order for target that got filled.... My second mistake was not getting back in around .96 on the consolidation.... I was sure that it will go past .10 with force but I chickened out.... If it comes back down to test the 9ema on the 2min I may take another pos...... 2nd... PB#3.... A setup.... Trending the 9 ema on the 5min, forming an ABCD on the 2min (in on C and the bounce off the 9ema)..... very tight stop below last candle.... I did this because I seem to get reversed on this time of day.... I took 25% at a little over 2R and I have set a hard stop for BE so I can Journal... It hit my BE...... I maybe should have kept my stop at original position (would have stopped out anyway) but only time will tell, this is my problem part of the day so I am happy with the small win here... +30.59 1130 Will now go for a bit and work on other business ..... back in a bit.... MSFT PB#3.... A setup... trending the 9 and 20ema on the 5min, ABCD on the 2min and a nice clear direction.... Love the entry with small share size... was looking to add on after the partial but I got called away from the desk and sold (I should have set a stop order but needed to go NOW).... +13.00 Cons: Messed up on Share size and Grade of Trade on AMAT a bit..... I hesitated on the second trade of AZN and missed a better entry.... Pros: Controlled my FOMO Favorite Trade: AZN Notes: Pay more attention to Share size and Grade of Trade...... P&L Goal 50.00: +62.09 Edited October 24, 2019 by Glenn Budde 3 Share this post Link to post Share on other sites
Glenn Budde 356 Posted October 25, 2019 10-25-19 AIS 0830, a little late and a little groggy but much better now...... normal morning routine... PAT: Share Size..... A+ and A setups only...... No hesitation on A+ setups.... Notes: Pay more attention to Share size and Grade of Trade...... INTC News today: Best returns in the industry...... Better earnings and results .... and more overall good news.... PB#1..... A+ setup.....This 5min ORB with confirmation of the ABCD on the 1min is as good as it gets.... I had to literally sit on my hands in the first 5min as this is one of my rules for now..... I entered the first trade and stopped out on too tight of a stop... I reentered as soon as I seen the additional info from the Tape and L2.... I took partials on the way up and left a little for the trend.... There were a few times I wanted to add but all I can think is that it is too extended, the first was at 1110 for 55.90.... This in total was about a 5/1 trade but with the first stop dragging it down the profit wasn't quite there... there is a green candle at my exit, this is from the first time using my phone for a trade and I accidentally went short in SIM and then covered as soon as I seen it (-0.33 in SIM LOL) +55.38 VFC PB#3.... B setup...... took small share size as I thought it was maybe sub-par at the time (should not have taken this and gave away 10 bucks) ....... mistake #1, put my stop at bottom of candle.... #2 the spread on this was terrible, it was .11 and I thought I seen .01....... either way just glad I got out of it as I should not even be in it.... -9.60 Cons: Took a sub-par trade with horrible spread.... Feel like I should have added on INTC when I wanted...... Leaving money on the table..... Pros: Found a nice PB#1 and managed it pretty good Favorite Trade: INTC Notes: No more sub-par trades..... When I feel strong about a position, take it...... P&L Goal 50.00: +45.78 2 Share this post Link to post Share on other sites
Glenn Budde 356 Posted October 28, 2019 10-28-19 AIS 0755 feel pretty good, Normal morning routine PAT: A and A+ Trades for full size and B+ for half size..... Trust myself.... Spreads..... Notes: No more sub-par trades!!!..... When I feel strong about a position, take it...... T PB#1.... A setup (a little early on ABCD for A+)...... full size.... 5min ORB with ABCD on 1min, bouncing off the 9ema on 2min, breaking through a daily level with lots of pressure on the ASKs and Tape going in the right direction.... First partial was 50% then the next two were 25%.... I added in for double what I had moving my stop to BE and got stopped out (in hindsight I should not add that much, maybe 50% add would be good here and this would keep my average down) +28.53 PB#3..... B+ setup..... 1/2 size.... After my stop out it came back to test the 9 and 20ema on 2min and the 9ema on the 5min.... looking for HOD.... This has gone to an ascending chop.... 38.70 has been a pivotal point so I took 50% off above that level and moved a hard stop to BE... will check back periodically and work on other business..... I returned to getting Stopped at BE, if I was here I could have taken another 25% at .80..... +6.50 AMD PB#3..... B+ setup (too far from 9ema on 2min and extended)...... 1/2 size...... took 50% off at 2/1 and 25% more at 3/1 and out at BE..... +12.47 Cons: not real happy with the PB#3 trade on T, overall entry was more speculative than what the charts were telling me.... Pros: Took appropriate share sizes... Respected my stop..... Favorite Trade: T PB#1 Notes: Watch out for sub-par Trades!!!... Stay with full size for A and A+ and half size for B+ ...... P&L Goal 50.00: +47.50 2 Share this post Link to post Share on other sites
Glenn Budde 356 Posted October 29, 2019 10-29-19 AIS 0800, got a good 5.5 hours, Feel pretty good.... normal morning routine.... PAT: Taking sub-par Trades.... Spread...... Notes: Watch out for sub-par Trades!!!... Stay with full size for A and A+ and half size for B+ ...... MU PB#1 2 trades..... B+ setups... messed up on first one and took full size so the small win on the second did not help much from the larger loss.... After further review I do not believe these were B+ setups and I was taking these on a little FOMO...... Also by watching this for a trade I missed a huge move on GRUB..... -13.00 XNET PB#2..... B+ setup..... XNET is a third day play and is only acting on general Block-chain news. I feel like it is way overextended and needs to do a pull back to a reasonable level for its price and this is why I am short biased on this.... Felt like this was a pullback to VWAP for another leg down to LOD..... I did try to enter with 1/2 size here but because of the SSR I am in for a little more..... Also there are very large BIDs at reasonable prices that can bring the price to them.... This can also hopefully be the beginning of a trend trade.... Took of 50% at my target set a hard stop for BE, the L2 is starting to balance out and I will monitor closely..... LVL2 has now flipped to the long side and price action completely flipped and this was my Reason2Exit..... +15.50 GRUB PB#3..... A setup.... 1/2 size because of how extended it is.... I missed the entry at 1002 but was able to grab it here at the 9ema on the 2min, in a clear downtrend and harmonious.... Covered only 25% at 6/1 as the LVL2 is still in favor of a downtrend.... Moved a hard stop to BE...... I am a bit disappointed in myself here as I let the Chat talk me into canceling my order and covering as speculation was a reversal..... I did reenter but of course at a lower price.... Took partials at 4/1, and 10/1.... It went down to about 15/1 but I had to go so I set a hard stop for 5/1....... I did get back before the hard stop hit and was able to monitor it again.... I seen the L2 action changing towards the ASKs and price action also was bullish and this was my Reason2Exit so I got out at 10/1...... +98.50 AMD.... Mistake...... in on accident (finger spazed to buy 100 shares) and out..... +2.00 Cons: Was not thrilled about the MU trades.... I let Chat talk me into managing my trade poorly (remember Chat does not know your entry or style)... Pros: I feel good about my trade management (except for the Chat part) as I feel like getting back into the LVL2 and Tape is something I was drifting away from recently..... Not letting my excitement get me to trade again (controlling my emotions) Favorite Trade: XNET PB#2 / GRUB PB#3 Notes: Still need to work on share size a little..... Still taking sub-par trades..... P&L Goal 50.00: +103.00 2 Share this post Link to post Share on other sites
Glenn Budde 356 Posted October 30, 2019 (edited) 10-30-19 AIS 0805, 4 hours , groggy..... Normal morning routine.... PAT: A+ Trades...... Manage my own trades.... Notes: Still need to work on share size a little..... Still taking sub-par trades..... Do not pay much attention to the stocks not in play early on...... CROX PB#1..... A setups..... first the 5min ORB with ABCD, good entry but I mismanaged it by not taking profit and stopped at BE..... second was the same but 15min ORB, my entry was overextended and I was chasing... I also took too much size on this one and let my stop go below my planned level..... This trade completely threw my psychology off and away I went to the Dark Side..... -62.00 AMD PB#2.... B setup at best but I was already engulfed by the Dark Side....... took too small of size... do not like that I traded into all this resistance, of course I was looking for VWAP and I was trading more on the LVL2 than anything else....... Second trade was PB#2 again with proper share size but was not what I would usually trade...... +75.57 CROX.... ??? ....... Still on the bottom of the lake and letting this gator eat me up....... Psychology getting the best of me.... This chart is from all CROX trades..... none that I should have been in..... -107.28 BYND PB#3 ..... B setup..... 5min Trending the 9ema and making an ABCD, all larger time frames are in an uptrend..... LVL2 had large ASK orders waiting at reasonable levels...... My reson for entry was terrible and the add on was even worse as I was still overwhelmed by the Dark Side and took way too large of share size (more like a full size for my account size)....... Once I was in it after the add on and realizing how bad this could be I set a hard stop and did some other stuff around here for 10min to clear my head.... After coming back from a short break and a little better clear head I feel like I did manage the trade to the best of my ability..... I set goals and abided by them, also After each partial I set a hard stop so I would not act out again..... I do hope this will not happen again to me for a very long time....... +255.50 Cons: Humm.... read above as there is too much to list Pros: None..... Favorite Trade: None,,,, Notes: The last time I did this I was very tired from the night before so I need to either not trade or just come to the Desk later..... P&L Goal 50.00: +161.79 !!!!! I did nothing good today and I ONLY came out ahead out of shear luck and this could have easily been a -300.00 Day !!!!!! Edited October 30, 2019 by Glenn Budde Share this post Link to post Share on other sites
Glenn Budde 356 Posted October 31, 2019 10-31-19 Happy Halloween !!! AIS 0800 with about 4 hours but I feel pretty good..... Normal Morning Routine PAT: Share Size (I will reduce size for the next two days so my 50.00 goal may be a little hard to reach).... Setup Grade ..... Notes: Still need to work on share size a little..... Still taking sub-par trades..... Do not pay much attention to the stocks not in play early on...... I am going to try to turn off the Chat once I am in a trade or getting ready to trade..... FCAU PB#3....... very small size..... B+ setups..... Tried twice with a tight stop and low risk... stopped out on both.... took these Trend trades based on the 5min ABCD and trending the 9ema..... -6.00 KHC first trade PB#1..... B+ setup..... very small size.... A little extended on the 5min ORB.... Took a scalp.... second trade PB#3..... A setup.... very small size..... based on the LVL2 mainly as it was a bit extended from the 9ema on the 2min, but it did have a nice ABCD on the 1 and 2min..... I did something new and used a tier system where I get in and add to it in sections or pull backs but also taking some off at profit levels based on the LVL2.... These were all partials and adds until the end.... +38.51 Also a couple small trades on AMD and pretty much just paid CMEG..... +0.94 Cons: Should have entered when I seen my patterns .... hesitation from yesterdays blowup Pros: Lowered my size to make sure I was not gonna revenge trade..... and I am glad to say I did not.... Favorite Trade: KHC PB#3 based on LVL2 Notes:P&L Goal 50.00: +33.45 2 Share this post Link to post Share on other sites
Glenn Budde 356 Posted November 1, 2019 (edited) 11-1-19 AIS 0810 with over 7 hours... Feel Good but have a doctors Apt and need to leave at about 1000..... Normal morning routines PAT: Will keep size lower for today from the blowup on Wed....... Do not hesitate on my A setups..... Notes: Trust my setups earlier when I see Them CRC Reason2Trade Positive Q3 results with a large Short Float of 36%.... I was biased on how this would act when the shorts get squeezed and I feel this can last most of the day.... I was looking for it to hold 6.95 which it never looked back at.... PB#1.1 ..... Opening with VWAP as support on small time frames.... Took small sizes...... first one stopped me out as it lost the low a few seconds before..... second was a 1min ORB getting back above VWAP with a very tight stop at below VWAP..... took profits and added in on the pullback to VWAP... again took prifits and added in at a nice ABCD pattern took a profit and stopped out at BE and getting below the 9ema on the 1min at 0941..... switched to the 2min now..... another nice 2min ABCD and went long and added in on another ABCD.... took profit at new HOD and have now set a hard stop for BE as I need to get to the doctors office..... I feel like I could have waited for the 1min ORB but was scared to miss the entry and kept my stop very tight on the first one..... as of now.... +54.58 Cons: None Today Pros: Stuck hard to my stop loss on the first trade.... Feel good about reading the price action and LVL2... Favorite Trade: CRC Notes: Feel good about my trade management and entries.... P&L Goal 50.00: Will come back for an update on this trade, but as this makes my daily goal I will not trade no more today... Did get stopped out +54.58 Edited November 1, 2019 by Glenn Budde 1 Share this post Link to post Share on other sites
Glenn Budde 356 Posted November 4, 2019 11-4-19 AIS 0800 with 4 1/2..... feel just OK...... Normal morning routine.... PAT: Share Size..... Trade Management..... No FOMO November..... Notes: Do not pay much attention to the stocks not in play early on...... I am going to try to turn off the Chat once I am in a trade or getting ready to trade..... AMD PB#1...... setups were long biased and I took full size on both...... I probably should not have even taken these two trades..... first one I should have partialed out 50% at 1R but I did not and the second one was into too much resistance.... Looks like lots of investors are taking profit at close to ATH....... UAA PB#1....... B+...... Catalyst and price action was in my favor for the short but I got a horrible fill on the SSR and action went against me right away and hit my hard stop..... MU PB#1...... A ....... 30 min ORB with ABCD on the 2min..... Didnt like the 5min candles and the LVL2 was not really showing any signs one way or the other.... BIDU AMD PB#3...... A..... LVL2 trades I did a lot of buying at the bounce of 9ema on the 2min and taking partials along with add ons....... I unfortunatlly do not have much time to log here but this took me from almost max loss to slight green.... Cons: Took way too many trades..... Took pre 5min trades..... Pros: for the most part I took the share sizes that I wanted.... I did respect my stops.... Favorite Trade: AMD PB#3 Notes: This AMD trade I called out on the Chat and very proud that Thor took the advice of moving the stop from .90 to .89 ..... and waiting till .98 to start partialing.... P&L Goal 50.00: +.16.47 1 Share this post Link to post Share on other sites
Glenn Budde 356 Posted November 5, 2019 (edited) 11-5-19 AIS 0800..... 5 1/2 hours..... Feel Good ...... Normal morning routine..... PAT: Too many Trades..... Only pre5 if I have a very clear and distinct reason...... Notes: NO FOMO NOVEMBER.... Do not pay much attention to the stocks not in play early on..... Turn Chat Voice off at opening (It gives me a little anxiety).... WOW I just totally screwed up on stupid share size on MYGN and got chopped up.... This is embarrassing as I did not even realize it until I went to my P&L and see I went way beyond out of my comfort zone...... I had already taken several AMD Scalps based on LVL2 which helped out on this large loss .... I just need to hang it up for the day.... Cons: I did not Pay Attention To my Notes and did everything wrong..... Pros: The only thing I did do right was respect my stop loss.... Favorite Trade: None..... Notes: No charts because If I put them up I could not even tell you what I was doing..... Maybe too much confidence from the day before on the AMD trade.... P&L Goal 50.00: -207.50 I am gonna create a small note book by my desk to read when a trade goes bad on me...... After a bad trade that puts me in an emotional state I will force myself to read it.... - No Revenge Trading - - No FOMO - - If at Max Loss turn off DAS and set this book in front of screen - - Remember how crappy it feels when you break your basic rules - - It ruins your Day / Night and sets a bad tone for the next day - Edited November 5, 2019 by Glenn Budde 2 Share this post Link to post Share on other sites
Mike B 624 Posted November 6, 2019 10 hours ago, Glenn Budde said: The only thing I did do right was respect my stop loss.... If this is all you get right in a trading day, you are golden as this will prevent you from blowing up your account. If I can offer you one recommendation, "Respect your stop loss at all cost, never let your mind convince you otherwise." Your stop loss protects your account, so shutdown the computer and run away, once you believe you are going to violate it. 2 Share this post Link to post Share on other sites
Glenn Budde 356 Posted November 6, 2019 (edited) 11-06-19 AIS 0800 with 3 1/2 hours.... feel pretty good... Normal Routine.... PAT: Small share sizes today so a small profit of 25.00 will be a good day..... Absolutely no trading before the first 5min...... Use Kyles Hot Button for 10.00 risk until I prove myself again...... Notes: Gonna lower my stop loss to $10 until I show myself I am in control again..... No Trading before 5min and any ORBs must be held to highest standards of PB#1...... Well I did a little better but I did over traded on CVS... I still have emotions from yesterday and instead of following good trade management I used too tight of stops, or moved my stops tighter when it was going against me even the slightest amount..... If I would have stuck to my stop loss on the second trade this would have definitely been a green day... Tomorrow I will adjust my Kyles Hot Botton to a $5 stop..... Cons: Over traded on CVS ..... did not respect my stops to the tighter side which cost money...... Pros: Only that I did not go above my Max loss for the day..... Favorite Trade: None Notes: Will adjust Hot Button for a $5 stop and only raise it if I can overcome my emotions.... P&L Goal 50.00: -44.54 Edited November 6, 2019 by Glenn Budde 3 Share this post Link to post Share on other sites
Glenn Budde 356 Posted November 7, 2019 (edited) 11-7-19 AIS 1145... 7 hours sleep.... morning routine a little off from no pre-market research..... I purposely tried this sleep in as in Tradervue I am only slightly profitable in till 1100 and then have a loss from 1100 to 1200 and have a pretty decent profit after 1200..... Did not take any live trades and only speculation SIMs that all hit the stop loss,.... I am gonna start reviewing my playbook every morning and only take the trades that are not only in the PB but are A and A+ only...... I will abide by this as I have already lost what I figured I would when I went Live so now its Time for Profit or I will go back to SIM only again for at least one month..... Tomorrow will be the deciding factor for me..... I will come back to edit this at the end of the day.... Done... No Live trades today only SIM..... Took one good trade on ROKU short on Aimans call out... it was late but it made a great pull back on the 2min to the 9ema with a 2/1 ... took two partials and all out on price action change and change in SPY as ROKU seems to be heavily influenced with by the SPY..... I will not make this trade Live as it was overextended.... Edited November 7, 2019 by Glenn Budde 1 Share this post Link to post Share on other sites
