Rob C 826 Posted November 20, 2019 6 hours ago, Glenn Budde said: Took an ABCD in SIM PM to see if DAS was working ok... it was and I liked my entry so much that when I closed it I went back in Live for only a couple cents more... made $40 on this trade with a $20 risk but for some reason it took me many tries to exit the trade... Hi Glenn. Do you use market limit orders or market orders when you partial out or exit. I use market limit orders (my hotkeys are set that way) and MYOV was moving so fiercely they were not working. I had to switch to market orders to sell. Maybe you saw the same thing. 1 Share this post Link to post Share on other sites
Glenn Budde 356 Posted November 20, 2019 10 hours ago, Rob C said: Hi Glenn. Do you use market limit orders or market orders when you partial out or exit. I use market limit orders (my hotkeys are set that way) and MYOV was moving so fiercely they were not working. I had to switch to market orders to sell. Maybe you saw the same thing. Yes I do... that was probably the problem...... Thank you Rob.... Share this post Link to post Share on other sites
Glenn Budde 356 Posted November 20, 2019 AIS 0820, 4 hours, 5/10 Pat: Trade setup Grade..... Stick to a plan.... No wandering from my choice stocks.... Notes: Mute Vol. in Chat for first 30min...... do not open DAS after a decision to stop trading..... Not much time here today.... CRON PB#1.... A setup... 1/4 share size..... 5min ORB with ABCD on 1min.... took profits and added in on second ABCD that failed and out at BE....... +.2 R TGT Took a few trades here with a total loss.... more went against me than with me..... -2 R Off to other business as this is my break time..... Think I will call it a day and be happy with a Med. size loss and get some rest.... not feeling very good from the week.... Cons: Should have stopped trading when I was at +1R and feeling groggy..... I over traded a bit today.... Pros: Respected all stops and am able to walk away.... I will not open DAS or Chat Room anymore today..... Favorite Trade: The Reversal on TGT Notes: Take less trades.... think I will add a challenge... Take max of two trades before my 1100 break.... Rs: -2 3 Share this post Link to post Share on other sites
Glenn Budde 356 Posted November 22, 2019 (edited) 11-22-19 AIS 0800, 8 hours, 6/10.... I did not trade yesterday as I was not feeling well... feeling a little better today.... PAT: Over-trading.... Grade of Setup...... No chasing..... Notes: I have stepped up my full size to $30.... Voice chat silent till 1000...... Max of 2 trades before my 1100 break..... Do not wander till it slows down..... If I hit target or stop then do not reopen DAS.... I took SPLK twice for a long entry and got stopped out, but on the second one I flipped....With large volume, a new 5 and 15min low, Bids stacking and the T&S printing new lows on the BIDs.... this is something new I have been trying so I kept my size small to 1/3 size risking only $10.... As soon as I took the trade my niece came to the door setting my canine alarms off and throwing me a curve ball so I set a stop order but no profit range.... I missed the nice double bottom at 1105 but was able to still get some nice profit, this was done while visiting with her so my attention was elsewhere for the rest of the day.... The first one was a PB#1, a Setup with a clear ABCD on the 2min -1R Second was a continuation of the ABCD and once I seen action changing again I took some off to reduce my risk -.5R and the reverse was a PB#5 and the setup grade I was guessing at an A....... +3R Cons: I told myself to only take two trades before 1100 but I did take the reversal for a third trade Pros: Respected my Stops.... Favorite Trade: Reversal.... Notes: Felt better today with the little larger R value and feel like I should stick with this awhile..... Rs: +1.5R Edited November 23, 2019 by Glenn Budde Share this post Link to post Share on other sites
Glenn Budde 356 Posted November 24, 2019 Week 11-18 to 11-22-19 What I did Good this week: I Respected my in-trade and daily stops Did much better with my in-trade management towards the end of the week with a $30 full share size Was much more choosy with my trades at the end of the week I did not open DAS after I told myself I was done for the day What I did Bad this week: Traded when I was up (not to my goal) and not feeling well turning it into a - day I did chase a couple times Took too many trades on most days Changes to be made this week: No changes for my R value Rules to Stick by: After I call it a day only use the rest of my time for my journal and playbook to evaluate my trades in-trade and daily stops only A or A+ setups Do not Chase Challenges for Myself: Continue with no voice chat till 1000, this seems to keep me more focused without FOMO or Anxiety MAX 2 trades before my planned 1100 break Before each trade read my "Before Trade" sticky note Goals and Rewards: Sticking to my Rules above will let me continue to trade Live, breaking these rules will force me back to SIM for next week 1 Share this post Link to post Share on other sites
Glenn Budde 356 Posted November 25, 2019 11-25-19 AIS 0805, 4.5 hours, 6/10 PAT: A setups only..... No chasing Notes: No return after I call it a day.... SNAP Reason2Trade Recent News putting this at a buy now stock.... RVOL was 2.0 at the time..... PB#2... Felt like an A to A+ setup..... Broke above VWAP on an ORB with the break of a bull flag, looking back at this it is a more of a ABCD on the 2min and was a chase.... also my stop should have been lower thus making my R/R not worth it.... Entry 15.80 stop 15.73 target 16.00 (Asks stacked all the way up to 16.10) -1R TEVA Reason2Trade News on Debt Tender bringing attention to it.... RVOL 2.02 ......... PB#5.... A setup?..... Took 1/2 size due to this being a new addition to my playbook.... Made a nice 2min Double bottom with the 50ma heading up as support... made it through VWAP on decent volume (not great volume not an A+).... ASKs were stacked up at .74, .78, .80, .85, .90, and 11.0...... It did pull back very close to my stop.... My entry was 10.70, stop 10.62, target 10.98... took 33% partial at 1R, 50% at 2R, 25% at 3R , and all out at 1R +1R SNAP PB#3..... A setup (felt like there may be some algo trading).... 1/2 size..... On the 5min the 9 and 20 crossed a few candles before and it is now holding the 50ma as resistance, the 9ema is also getting ready to cross the 50ma.... I was waiting on a pull back on the 1min to the 9ema for an entry (this was hit dead on for my entry).... the 5, 15 and 30min are all on a clear downtrend.... got caught up in Algo so I took two partials a little early to reduce my risk and then lock in profit moving my stop to BE.... Entry 15.65 stop 15.67 target 15.50 +1R MU PB#3 in an uptrend on all time frames waited for a pullback to the 9ema on the 2min... took two partials and all out at BE +1R Cons: Took 1/2 size on almost all setups with lack of confidence from the last three weeks.... Pros: Setups I took were either at least A setups or what I thought at the time was A setups.... Favorite Trade: TEVA Notes: Gotta go.... Rs: +2R 2 Share this post Link to post Share on other sites
IamKarthi 342 Posted November 25, 2019 Very nice trade on $TEVA. Looks beautiful on the 15min chart partialing nearly at the high of the candles. 1 Share this post Link to post Share on other sites
Glenn Budde 356 Posted November 26, 2019 11-26-19 AIS 0805, 4.5 hrs, 6/10 PAT: If the trade is right take full size... A setups only.... Do not overtrade or chase..... Notes: If I am up and feel a bit overtraded, Quit....... No voice chat till 1000...... Max 2 trades before my planned 1100..... Read before trade sticky.... DKS First PB#1..... A setup... 1/2 size (ORBs elude me).... abov VWAP and on a slight Pullback on the 5min and a nice ABCD on the 1min.... stopped me out to the penny (I even moved my stop down a few cents) I wanted to get right back in but felt like it would be a bit of a revenge trade..... -.5R Second PB#2/PB#3.... A+..... full size..... on the 1min making a nice ABCD with two touches to the 9ema with volume rushing in.... the 15min was holding VWAP as support.... Entry was 44.95 Stop 44.72 Target 45.96...... Think I took the first 50% partial too early..... Took partials up to a 2 point move.... +2R took one more trade on BBY.... It was very extended but gave me an entry for a trend and it was just too slow, with a partial and all out at stop it was BE..... Cons: Took BBY on Boredom and ended up wasting time and money (commissions) on a BE trade Pros: Felt in control in the DKS trades and happy with the second entry even though it could have been earlier.... Favorite Trade: 2nd DKS Note: Even though I didnt get right back in on DKS I feel like it may have been revenge so I waited for a better opportunity..... Rs: +1.5R 1 Share this post Link to post Share on other sites
Glenn Budde 356 Posted November 27, 2019 11-27-19 AIS 0810, 3.5 hrs, 6/10 PAT: If the trade is right take full size... A setups only.... Do not overtrade or chase..... Notes: Careful later in the day on boredom...... If I am up and feel a bit overtraded, Quit....... No voice chat till 1000...... Max 2 trades before my planned 1100..... Read before trade sticky.... Took 2 trades on BBY One new play from SMB for 2nd day perfect setup and like a fool I took it live and for full share size as this is the first attempt on this new strategy.... 2nd one was a VWAP play that I got stopped out on ...... not sure what I am thinking today so I will just get out for the day.... The first one was an A+ by SMB standards and the 2nd one was an A setup.... I dont feel bad about the setups only that I took the first one Live.... Cons: Probably should have sat on my hands till something slapped me in the face.... Pros: none Favorite Trade: none Notes: Rs: -2 1 Share this post Link to post Share on other sites
Glenn Budde 356 Posted November 29, 2019 11-29-19 AIS 0800, 5 hrs, 6/10 PAT: no boredom trades.... If the trade is right take full size... A setups only.... Do not overtrade or chase..... Notes: If I am up and feel a bit overtraded, Quit....... No voice chat till 1000...... Max 2 trades before my planned 1100..... Read before trade sticky.... ASLN Reson2Trade.... Squawk announced... RVOL 180.05 at time of trade..... PB#4 / PB#1....... A setup..... 1/3 share size as this was my first Squawk trade..... on the 5min ORB without an ABCD but high volume, nice LVL2 and T&S....... Squawk announced it about 1min before I took the trade.... I did not take it right away because I had promised myself I would not trade in the first 5min..... Got it on a very slight pullback..... took profits each time the T&S looked like it may be turning and all out when LVL2 had no more ASKs and the BIDs were stacking...... In at 4.43, stop at 4.23, target 5.49...... +4R Cons: None.... Pros: One and Done Fav. Trade: ASLN Notes: took first trade using Squawk but made sure I had something to go on other than Sqk.... Rs: +4 2 Share this post Link to post Share on other sites
Glenn Budde 356 Posted December 1, 2019 (edited) Week 11-25 to 11-29-19 What I did Bad this week: Beginning of week I was still gun shy and took small sizes even on A+ setups Took a trade out of boredom (costing money) Took a trade from an SMB setup.... All indicators said it was an A+ but this was my first time trying it so I should have been in SIM Took 3 loosing trades before 1100 What I did Good this week: Took A or better setups (at least that is what I thought at the time) only Limited my trades Changes to be made the upcoming week: None Rules to stick by for the upcoming week: After I call it a day either by max loss or a profit that I am comfortable with, only use the rest of the day for Journal and Playbook for evaluation In-Trade and Daily Stops Only A or A+ setups Do not Chase Challenges for Myself for the upcoming week: No voice chat before 1000 so that I can focus Max of 2 trades before 1100 (which is also my planned break) unless both are green Read my sticky note before each trade Goals and Rewards: I will need +20R at end of month to consider trading with more size Edited December 1, 2019 by Glenn Budde 2 Share this post Link to post Share on other sites
Glenn Budde 356 Posted December 2, 2019 12-02-19 AIS 0800, 7 hrs, 7/10 PAT: A or better setups... read sticky.... Notes: No voice chat before 1000..... ASLN Reason2Trade.... On scanners... RVOL was 8.0 at time of trade.... + preliminary results.... PB#2.... a setup... 1/2 size..... moving with volume and breaking VWAP..... bounced off a PM level..... in at 6.86, stop 6.74 below VWAP, target 7.31 Daily level..... took partials on the way up without a good clear sign only on the fast price action.... got halted..... resumed to a sell off to which I partialed towards the top and all out above BE...... +2R CLVS Reason2Trade.... On Scanners.... RVOL 3.1..... General news for sector..... PB#2..... A setup..... 1/3 size..... Was looking for an entry and when I turned my attention it made the move I wanted.... waited for a clear sign for an entry using the 2min ABCD... breaking above VWAP with increased volume..... in at 16.15, stop at C 15.91, target at 16.50 for PMH and large ASKs stacked to that point..... I was late on the first pop and partialed on the second then all out on LVL2 changes and price action slowing..... +.3R Cons: Probably could have done without the CLVS trade but I did take a very small size.... Pros: Took the trades that setup the way I wanted them to and did not hesitate Fav. Trade: ASLN Notes: Out for the day with two trades.... Rs: +2.3 3 Share this post Link to post Share on other sites
Glenn Budde 356 Posted December 3, 2019 12-3-19 AIS 0800, 7 hours, 6/10 PAT: A or better..... Pull the trigger and do not chase.... Notes: No voice till 1000, only 2 trades before my 1100 break..... read sticky..... Kept Voice on since Andrew was not on and it gave me just as much anxiety even with Brian and Norm..... I will keep it off for now on till 1000.... LK Reason2Trade On Scanners... Hedgefunds are buying bringing volume.... PB#1..... A setup?..... 1/2 size..... Pull back on 5min ORB with ABCD on 1min.... my R/R was bad at 1:1...... I thought I could maybe listen to Brian and Norm for the open but it gave me just as much anxiety as normal and I took a trade with bad R/R and a setup that after reflection was not an A setup at all..... I feel like I should have got out earlier with the price action changing but I did not want to change my plan -.5R UBER Reason2Trade Pointed out in Chat... RVOL 2.0 ......... PB#3.... A setup.... 1/2 size.... on the 1min it was trending the 20ema, on the 2min trending the 9ema and also made a nice ABCD using between the 9 and 20ema for a stop and a target of 28.98 from prev day.... took a partial when it broke the 200ma on the 2min and more partials on the way with price action changes and all out on new 5min low.... +.5R CLVS Reason2Trade..... On Scanners... 3rd day..... RVOL 2.8 at time of trade.... 42% short float PB#3.... A setup.... 1/2 size.... trendinfg the 9 and 20ema on the 5min.... the 1min 50 and 200ma were coming together in a wedge stop at 14.98, several targets at apx .15, .25, .40, these were all large ASKs ..... all out a BE +.5R Cons: I hesitated on UBER..... Price action changed on LK and I feel like I could have got out with 1/2 the loss..... Pros: Talking about CLVS with other traders and decided it was a good entry after talking about the different time frames and the LVL2..... Stopped trading when I realize that I am just not finding things and I may start fabricating things to trade Fav. Trade: UBER Notes: Stay on track this week.... Rs: +.5R 1 Share this post Link to post Share on other sites
Glenn Budde 356 Posted December 4, 2019 12-04-19 AIS 0810, 3.75 hrs, 6/10 PAT: Spread..... A or better...... Notes: no voice between 0930 and 1000...... Evaluate my trade before taking it and pounce on it with full size if A+ EXPE Reason2Trade..... On Scanners... Buy Back.... 1st trade...... PB#2..... A setup.... 1/2 size.... in a clear uptrend in the premarket..... held 105.00 on the tape for a couple min and got in on break of VWAP with a stop just below VWAP and Target of HOD... stopped out... I wanted to flip my pos. but chickened out.... -.5R 2nd trade PB#2.... A setup..... 1/2 size..... 105 was a serious level of support and if it gets past this I believe it will get to HOD of 107.20... the LVL2 was a little biased on that move at the time.... the prints on the T&S were soaring and at break of VWAP I took an entry at 104.93 with a stop just below VWAP and my target of 106.99.... I took partials at 2x , 3x , 4x and in between... along with partials all the way up and am now holding onto 6 shares for BE or just below HOD of 108.98 as my risk in this chop is 5.50 and a target of 24.00.... reevaluating with a new downtrend on the 5 15 and 30min charts Im all out at a new pullback on the 2min to the 9ema... +2R Cons: Should have went with my instinct and took a Flip on the first one..... Maybe a little less partials on the way up.... Pros: Did take both entries on the plan setup.... Fav. Trade: EXPE 2nd Notes: I am done for the day as this has me at a comfortable profit and at my daily target, I do not want to give any back Rs: +1.5 2 Share this post Link to post Share on other sites
Glenn Budde 356 Posted December 5, 2019 12-05-19 AIS 0805, 4 hours, 6/10 PAT: Spread..... A or better..... No Chasing..... Notes: No voice from 0930 to 1000..... Max 2 trades before 1100..... Read my stickies and my weekly..... ARDX Reason2Trade.... On Scanners.... FDA Nod for lung cancer drug..... RVOL at time of trade was already 1.1..... Upsized Public Offering PB#1/PB#2...... A setup..... 1/2 size..... 5min ORB with a VWAP play..... with decent ASKs on LVL2...... entry at 7.03 (slipped was supposed to be 7.00), my stop was the bottom of the 2min candle and below VWAP 6.95, target was 7.15 HOD... stopped out again with slip at 6.90.. -.75R ACAD Reason2Trade..... On Scanners..... + phase iii dementia related drug..... RVOL at time of trade was 1.3 1st trade PB#2.... A+ setup... full size.... broke VWAP, 9 and 20ema on the 5min, made a nice ABCD on the 1 and 2min.... LVL2 did not have much going on....... entry 52.70, stop was below the 9 and 20ema and below C on the 1min 51.96, target was just below HOPM 54.49..... took profit at 1R top of white candle but again with slip got abot .6R and stopped at BE..... +.6R 2nd trade PB#3..... A setup..... full size (on accident).... trending the 9 an 20ema on the 2 and 5min.... a pull back and confirmation on entry.... when I tried to stop out I hit Sell Pos. doubling my size and the candle was moving fast so by the time I exited I lost double...... -2R...... Reentered 1/2 size...... breaking the 20ema on the 2min, took partials and all out at BE.... Took my eyes off of it a bit and missed another move..... ugh... +1R -1R Cons: Started to over trade on a small loosing day (just about BE) and with a mistake Im at -1R Pros: Took the trades when I seen my opportunity .... respected my soft stops (just a mistake on 2nd ACAD) and my daily stop..... Fav. Trade: ACAD 1st trade Notes: Make sure after a loosing or BE morning that my trades A+ in the afternoon (New Challenge) ...... Rs: -1R 1 Share this post Link to post Share on other sites
