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.