Bud Wiser's trading journey to $1,000,000..the trade journal

Wed, Sep 11, 2019 Total trades: 10 Total volume: 88 Closed P&L: $550.00 Trade journal notes for Sept 11th.         On a side note outside of trading, the terrorist attacks to the US on this day in 2001 dramatically changed the life of my Family. I was in the US military and from September 2001 and on i was deployed to either Afghanistan, Iraq or sometimes Africa every calendar year from 01-2016(with the exception of 2007-8). My Family and i went through a lot, we lost some good friends, made some good friends and watched some friends and their family's fall apart due to the war. However, I retired in 2016, locked my office door and took up trading!! I haven't looked back since. Its been a hard journey with a steep learning curve but my wife has been supportive and I couldn't think of anything i would rather do than battle it out with the markets everyday!!! Sorry about all of that and onto the trading stuff: I did some quick pre-

Tue, Sep 10, 2019 Total trades: 32 Total volume: 234 Closed P&L: $812.50    830 AM       Welcome to Tuesday!!!! The fight to beat Wall Street and battle to remain consistently in the green at the end of the day continues!!!  Believe it or not but this blog made it onto  the most comprehensive list of  Top 100 Trading Blogs  on the internet  !! Thats just amazing!!! I'm blown away!!!  here's the website: https://blog.feedspot.com/ trading_blogs/ I feel great today especially compared to yesterday. I have to hit the gym later today as I had an early morning appointment at the DMV for a new drivers license.     There is not any significant market moving economic news scheduled for today. So I'll just keep an eye out for some trump tweets or world macro news while I am trading today. Right now the markets are slightly in the red so we will see what the trend will be for the day.      the trade plan remains the same today. 1-2 tick s

Mon, Sep 9, 2019 Total trades: 27 Total volume: 138 Closed P&L: $412.50        Well today started off terrible for me. I woke up and just felt terrible. I'm not sure if it was something i ate or what. So I skipped the gym, didn't do my pre-market work, took some pepto, and went back to bed. When I got up I felt better but decided not to trade and just get some charting in. My head was a little cloudy and one of my rules is not to trade when i don't feel good. Well I had the perfect set-up forming right off of the 61.8% retracement so i decided to jump in and make a quick scalp. Bam..lost $200 in the matter of seconds so now I have to get my money back. Next two trades go the same way and now i'm down $425 or so. I have a personal daily loss limit of $500 which is 1% of my account so i set my stop at -$75 and went to work scalping 2 and sometimes 4 contracts for 1 and 2 tick moves. keep in mind that it is 345 Pm est at this time and I w

Fri, Sep 6, 2019 Total trades: 22 Total volume: 84 Closed P&L: $175.00 Survived Hurricane Dorian last night!! In all seriousness it didn't hit us hard in my town. We were under a tornado watch off and on, had some strong wind gusts and some heavy rain but that was it. I was prepped for the worst though!!! However, if you watched the news they made it appear the world was ending!!! I think the news is moving more toward fear mongering/entertainment than actually reporting the facts. but thats enough of that. On the news front at 0830 the Non farm payrolls came out and The U.S. economy added 130,000 jobs in August, fewer than the 160,000 economists expected, and unemployment came in at 3.7% as foretasted. Other possible market moving news is that Powell speaks at 1230 EST time. Hopefully Im done trading by then!!! Trading goals for the day are: trust my fib levels be more active charting the different swings stay patient and dont get suck

Thu, Sep 5, 2019 Total trades: 5 Total volume: 24 Closed P&L: $150.00 Futures on the main U.S. stock indexes were higher in response to news that the U.S. and China have agreed to new trade talks. ES broke through Resistance that price has been failing at since 2 Aug 19 so according to all of the technical analysis I've learned that now becomes support. Still waiting on this hurricane to get here..its the slowest moving hurricane yet. I feel pretty good today compared the past few days. Got some great sleep in. On the news front today private payrolls blew past estimates coming in at 195K vs 145K. So once again i am almost 100% convinced the media is trying to talk us into a recession. The other important news is the ISM Non-Manufacturing/Services Composite (AUG)coming out at 1000.  For trading today the goal is to really focus and get in as many scalps as possible. Also i want to hit a good swing off of fib resistance or support. So fa

Wed, Sep 4, 2019 Total trades: 2 Total volume: 8 Closed P&L: $100.00 ok I'm back to journaling my trades!! Labor day weekend was a rough one for me partying wise. I missed the gym today mainly due to laziness. We have a hurricane barreling down on us so I figured I would miss the rest of the week. Not sure if that is a good excuse but whatever. For trading today on the mental side i was a little cloudy and tired today. Had a hard time focusing solely on my charts. On the news front today, the big issue was that the trade war with China had positive news about getting settled soon but we will see what comes to fruition. With regards to my trading i got 2 scalps in today. Could have got in a lot more but just didn't focus well. There were some times that I second guessed my self and the trade just went right past me. Will work on that tomorrow and Friday. Here are my charts. the first one is my EOD trading view chart but i set the levels

Wed, Aug 28, 2019 Total trades: 3 Total volume: 12 Closed P&L: $-50.00 Ok i am wiping yesterday out of my mind and get back to trading the right way. I got to the gym and had a great workout!!! There is not any significant market moving economic new scheduled for today. The big thing on the macro side is the yield on 30-year Treasury debt fell to its lowest ever. The British pound dropped on reports the government may suspend Parliament to force through a rapid exit from the EU. Trade plan for today is to trade 2 contracts on the ES off of support and resistance and within the OB/OS guidelines and in the direction of the higher time frame. Here are my levels: Man... end of day here and nothing seemed to work out for me today. I felt a little lost for some reason and would miss some pretty good setups. Not sure what is going on with me but I will fix myself tonight!!! i think I was a little apprehensive to take a trade from what happened yesterday

Tue, Aug 27, 2019 Total trades: 3 Total volume: 20 Closed P&L: $-750.00 here was my premarket work: I got to the gym today!!!! had a great workout!! On the economic releases today is USD Consumer Confidence Index (AUG)Thats at 10am. theres alot of news coming out at 0900 but that is the big one for today. I am going to work on trading my plan and explaining hwy i am getting into the trade and where I am wrong. I am going to note that on my chart. here are my levels: Ok terrible day today. not sure what ,y problem was. i felt good and was concentrating on my charts but just couldn't get a good execution off for some reason. Bottom line is that it was a very bad day on my part trading.  Not posting any charts. Had a trade go against me and I just let it go and then tried to get my money back on a revenge trade. On top of that I got cocky with my past success and doubled my trading size to 4 contracts.

Mon, Aug 26, 2019 Total trades: 7 Total volume: 32 Closed P&L: $500.00 I posted my pre-market work earlier..keeping some in just for continuity this after. Trade plan for today is to trade my plan (OS/OB off of support or resistance) and not get suckered in. I’ll be trading 2 contracts on the ES for a 5 tick take profit per trade. But I will adjust if the market takes off in either direction. Also before I make a trade I am going to post on my chart why I am making the trade and where I am wrong in order to cut my losses. The bottom line is that I have to beat myself and control myself!!!! Will post results in the evening..Hopefully its a good green day!!!! Here are my levels I’m looking at today: I ended in the green today but basically got lucky on a couple of trades. I once again didn't follow some rules and forced some trades.The good thing i did do was keep the one trade i lost to a small loss so it didn't hurt me too bad. Things i

Pre-Market work for Mon, Aug 26, 2019 Weekly outlook for 26 Aug- 30 Aug …And trade plan for Monday 25 Aug 19 Welcome to the last week of trading for August. The ES opened August at close to 2988 and right now is trading at 2885. This week appears to be heavy in trade related economic releases. So I think the media and talking heads on TV will be discussing the trade war almost all week. More than likely the discussions will all be negative from the US media perspective. So I think today’s US Durable Goods orders are pretty important market wise. This measures the orders and shipments of durable goods. Orders for durable goods are considered an important leading indicator. When these orders increase, it means the economy is improving and vice versa. So we will be able to see by the data this morning if we are being bullshitted by the media about the trade war because we aren’t getting anything out of China. Last month it came out at +2%. The forecast for

Fri, Aug 23, 2019 Total trades: 0 Total volume: 0 Closed P&L: $0.00    Happy Friday!!!! Another good day at the gym this morning! However when i came home I had some considerable computer issues for some reason so I am way behind on my premarket work.      Big on the news front to day is that China has announced new tariffs on US goods today and futures dropped back down to yesterdays open so we have given up those gains. With everything going on in Hong Kong, the news media, and this trade war, we could easily go to a real combat war with china. Just my two sense. Additional on the news front, Powell speaks today at 1000 so i will stop trading at 0950 for the day due to some other commitments this afternoon.  trading goals for this short time frame is to #1 be patient, #2 trade only my set-up #3 and dont get whipped sawed around by forcing a trade!!! we will see how it works out!! Here are my pre-market levels Im looking at: I didn't make any trad

Thu, Aug 22, 2019 Total trades: 3 Total volume: 12 Closed P&L: $400.00 Off to a good start today. I woke up on time and made it to the gym! I had a good workout then came home and had a light breakfast. Im ready for a good day of trading today!!! On the news front the weekly jobless claims came in at 206K vs an estimated 216K so thats good for the economy. The biggest thing on the macro side is the Fed governors meeting in Jackson Hole Wy today and tomorrow. Powell speaks at 1000 Friday so that could effect markets. Apparently there was discontent among the voting fed governors so this meeting could be interesting. Germany lowered their rates last night and are now selling negative yield bonds. Im not sure how that is going to work out however, Japan started it a few years ago and they haven't failed yet. We will see and I'll do some more research into that. Just doesn't make sense to me, unless you're expecting the markets to plung

Wed, Aug 21, 2019 Total trades: 3 Total volume: 24 Closed P&L: $425.00      I didn't get much screen time to trade today. First I overslept so I missed the gym and also i had a doctors appt in the morning. I finally got to the screen right at the fed minutes announcement. i did have time to do my premarket charts and develop some sort of hasty trade plan for the day. However, the markets traded in a pretty tight range all day while I was gone.     Below is my premarket chart and the levels I was looking at. i think I am going to add a 5min chart tomorrow in order to see more detail at the end of the day.     Also just my two cents about everything playing out on TV right now...I do not see anything in fundamentals if the US economy that warrants a recession and i think that people are talking us into one. Walmart, Home depot, and Lowe's all beat on their earning this quarter and gave upbeat reports in their conference calls. If people are buying