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Day Trading Basics

Discuss about day trading basics: price action, orders, candlesticks, indicators.

100 topics in this forum

  1. Das Trader Pro and negative unrealized

    By erichvonkloss,
    • 3 replies
    • 2,285 views

  2. R1 R2 R3 R4 HELP

    By Beats_d,
    • 3 replies
    • 4,537 views

  3. Level 2 depth on DAS

    By flyingalaska,
    • 3 replies
    • 3,805 views

  4. the best order type for stop loss for day trading

    By GoldWTcal,
    • 3 replies
    • 4,006 views

  5. Defining R's

    By Cesar,
    • 3 replies
    • 2,166 views

  6. Levels of resistance and support

    By yashupl,
    • 3 replies
    • 2,412 views

  7. Best Practice Method to Get Experience

    By Chris Shepard,
    • 3 replies
    • 96 views

  8. Work ethics

    By frank2403,
    • 2 replies
    • 2,291 views

  9. Candlesticks explained in a simple way

    By Gordon Freaman,
    • 2 replies
    • 2,577 views

  10. .05 tick stocks

    By Ryan W,
    • 2 replies
    • 1,997 views

  11. Pre-Market Routine

    By TJ,
    • 2 replies
    • 2,538 views

  12. Start Simulator without L2

    By Abiel,
    • 2 replies
    • 2,218 views

  13. Dilemma in Sim

    By TommyK667,
    • 2 replies
    • 2,528 views

  14. Planning a trade before entering it

    By bothadb,
    • 2 replies
    • 2,896 views

  15. Choppy CPE

    By Yardley,
    • 2 replies
    • 2,659 views

  • RECENT POSTS

    • DavidPaul
      Best Practice Method to Get Experience

      By DavidPaul · Posted

      No I have never used DAS replay.  I only use it for live and sim. 
    • Chris Shepard
      Errors in placing orders in DAS

      By Chris Shepard · Posted

      Hey guys,   I am getting "can't get valid price" error pretty often when I am trading in the SIM...  how can I avoid this?  My hot keys are working about 50% of the time. I am using the Buy $50 Risk 2-1 hotkey where I am getting the error and I am double clicking where I want to put my stop: CXL ALLSYMB;StopPrice=Price-0;DefShare=BP*0.925;Price=Ask-Price+0.00;SShare=50/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=LIMIT;Price= Ask+0.05;TIF=DAY+;BUY=Send;DefShare=200;Price=Ask-StopPrice*2+Ask;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:StopPrice HighPrice:Price ACT:SELL QTY:POS TIF:DAY+   Cheers,
    • Chris Shepard
      Best Practice Method to Get Experience

      By Chris Shepard · Posted

      Are you using DAS replay?  Thank you for the response!  I will take a peak at those. My thought is that I will just start trading earnings and see how that goes in DAS. Cheers,
    • DavidPaul
      Best Practice Method to Get Experience

      By DavidPaul · Posted

      I do a lot of replay and found it has helped alot - however I don't like knowing my setup is going to be there because it's not realistic.  I use a tool called spikeet to find historical gappers.  The free version is good enough to create create a gap up/gap down list for each day over the last year.   Then I use tradingsim to look at those stocks, do premarket analysis and pick out what ones I want to watch.  With trading sim you can have up to 4 charts, so I use two browser windows to watch 4-8 stocks (can also throw up historical spy/qqq) and another window as my trading window.  I also use AutoHotKey to be able to trigger all the chrome windows to start the replay at the same time.  Then I watch those stocks and look for my setups.  Makes for a realistic trading experience.  BBTs replay trading is pretty good as well, but I didn't like the time it takes to load, the lack of hotkeys and it's hard to setup to watch lots of stocks at the same time.    
    • Chris Shepard
      Best Practice Method to Get Experience

      By Chris Shepard · Posted

      Hi all,   I am looking for advice on the way to practice trade book setups.  Kind of like practicing golf at the driving range, I am looking to improve a specific skill by repeating it over and over.   What is the best way to do this on the sim or replay?   cheers, chris
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