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Day Trading Education, Books, Peer-to-Peer Support

Discuss trading books, Bear Bull Traders courses, books and further study. Ask for advice, share experience, etc. to reinforce knowledge.

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  • RECENT POSTS

    • Hi,

      Here's another hotkey command for STOP Market at avgcost or at breakeven whether you are Long or Short.

      ROUTE=STOP;StopType=Market;Share=Pos;StopPrice=AvgCost+0.00;TIF=DAY+;SEND=REVERSE

      Thanks,
      Ryan
    • Yes, some of the IB users had experienced this. So it's a habit of mine now to open TWS platform to check the margin rate of a stock.
    • From the perspective of being one’s own trading coach, assuming a trader does not have to work through any major issues, which would be your top 5 lessons to use in a continuous improvement loop for improved performance?
    • Thanks for sharing the link, Ryan! I ran into a similar scenario attempting to short MLNT today. DAS Pro showed the equity as "Marginable by default". The margin order I placed was rejected due to IB showing the stock as non-marginable. (E.g. I didn't meet the initial margin requirement of 100% trade value in my IB acct.) Wondering if anyone has run into this issue before and is there a way, within DAS, to get a more accurate view of IB's margin requirements on any given stock? The website you shared, Ryan, is helpful, but not a quick-to-execute option.
    • 18.Jun.19 - DASTrader - BT Green Day. I had $MU, $FB, $TSLA, $MSFT and LF/LP $MLNT & CHWY on the watchlist. Trade1: $MU. MU was strong on the daily coming from double bottom, I thought. At the open price dumped, I took 5min ORB under PCL. I was not comfortable to take an entry so far below the VWAP and MAs. I got out. Price dropped to 2R and bounced back. Entry - $34.16, Stop - 13c ($34.29-PCL), Exit - $34.2. Price reached 2R before bouncing back.    Trade2: $MLNT. Main trade. $MLNT is a Lowfloat stock (<20Mn flt), it had +ve results and so gapped up premarket. At the open price fell down. Slowly came up above the MAs with volume, and I took long once the price opened above MAs/VWAP. Huge candle and I partialed completely. Stock was halted after that. Fallen Angel setup. Worked for me everytime. Good: On $MU, I thought the Entry was extended, so got out immediately, which is fine. Nice Entry on $MLNT for the fallen angel setup. No more trades. Learnt that one such good trade is enough to meet weekly target, so cut your losses.  Improvement: $MU, take a moment to think before entering, sometimes even exiting imm may cause big loss due to slippage/spread. 
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