TradeBooks to share

[beachtrader 1]

I am beginning to build my first TradeBook and wondering where I can find examples to learn from.  Watched one of the Advanced Training Classes and it was mentioned "I go this from X" and used it to work up my own TradeBook.  Seems pretty smart to me.

I went to all the download sites on BBT and didn't find any examples there.  Cursory look through the training classes and didn't find anything there.  

Can any of you point me in the right direction or assist?

Thanks in advance,

BeachTrader

[Michael Schweighardt 2]

i'm working on my tradebook today. i was also looking for examples. there's another post i found:

building a tradebook

i will post my tradebook here when i get something complete. right now, i have notes on paper. 

[Michael Schweighardt 2]

update on my tradebook. It's coming together. 

i have a notebook. like from high school.

i write in this everyday. I open to a new page in the morning and write the date across the top of the pages. 

then i just write throughout the morning during trading. i write anything and everything. i make notes about RULES to add to myself.

My notebook goes from January 13th to now. i went through the whole notebook and made a list of all the notes i put a ⭐ star, highlighted or put an * asterisk next to it.

here is the raw list:

Quote

·         Look for 5 of 6 indicators before taking a trade

·         Go slow on Monday’s. Especially after a 3 day weekend. Start in SIM.

·         Never risk more than 2% of account per day. 1% per trade.
1% of a $5K account is $50. 2% is $100
Phil’s key is a $45 risk

·         3 losses in a row, but under $60…. Take forth trade.

·         Let the trade play out after entry. Sit on your hands.
Unless moving stop closer to B/E AFTER 3R has been hit…. DO NOT TOUCH.

·         Need to learn how to trade stocks during earnings week.

·         What phase are we in? (Wyckoff)

·         Patience. If you miss it, let it go. Look for another one.

·         Trend is your friend. Go with the trend. Not against it.

·         Take smaller size. 3R button. For B+ setups.

·         With Phil key. Move to B/E after hitting first target.

·         80% of ATR is target

·         Wait for retest. 70% of the time will have a retest (Avi)

·         Use multiple time frames

·         This is like fishing. Just wait for the setup. We know where the fish are “supposed” to be, but they are not always there. Be  patient. Keep looking for the fish. Wait. Don’t force it. Patience.

·         Have exit in mind before entry

·         Slow down

·         Hit a 3R before taking a Phil trade

·         Look at higher time-frame for confirmation. 30 minute and higher.

i copy and pasted the raw data into Grok and it gave this back to me:

General Trading Mindset

• Patience is key: Treat trading like fishing—wait for the right setup, don’t force trades. If you miss an opportunity, let it go and look for the next one.
• Slow down: Especially on Mondays or after a 3-day weekend. Start in simulation (SIM) mode to ease in.
• Trend alignment: Trade with the trend, not against it—“the trend is your friend.”

Risk Management

• Daily risk limits: Never risk more than 2% of your account per day ($100 on a $5K account) or 1% per trade ($50 on a $5K account).
• Phil’s key risk: Cap risk at $45 per trade when using this strategy.
• Loss streak rule: After 3 losses in a row totaling under $60, take a fourth trade; otherwise, pause.

Trade Setup and Entry

• Indicator confirmation: Look for 5 out of 6 indicators to align before entering a trade.
• Wyckoff phase awareness: Assess the current market phase (accumulation, markup, distribution, markdown).
• Retest probability: Wait for a retest after a move—70% likelihood (per Avi).
• Multiple time frames: Use higher time frames (30-minute and above) for confirmation.
• Position sizing: Take smaller sizes for B+ setups, aiming for a 3R (3:1 reward-to-risk) target.

Trade Management

• Hands-off approach: After entry, let the trade play out—don’t interfere unless adjusting the stop to breakeven (B/E) after hitting 3R.
• Phil’s key adjustment: Move stop to B/E after hitting the first target.
• Profit target: Aim for 80% of the Average True Range (ATR) as the target.
• Predefined exit: Know your exit strategy before entering the trade.
• 3R prerequisite: Hit a 3R trade before attempting a Phil trade.

Specific Scenarios

• Earnings week: Learn how to trade stocks during earnings periods (implies higher volatility—study this separately).
• Monday caution: Go slow, especially after long weekends, and start with SIM trading.