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Day Trading Basics

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

100 topics in this forum

  1. Use of Pre-market VWAP

    By wpicotte,
    • 2 replies
    • 4,564 views

  2. Price action of Stock match the Market

    By NickAbrams,
    • 2 replies
    • 2,718 views

  3. Trade management with a small account

    By Fraga.H,   
    • 2 replies
    • 3,095 views

  4. 20 Trades Exercise Excel Sheet

    By Carlos M.,
    • 2 replies
    • 3,610 views

  5. Why is the open of the day more volatile compared with the rest of the day?

    By Guest,
    • 2 replies
    • 2,291 views

  6. Chart Basics and Configuration - Too Cluttered?

    By mbtr8dr,   
    • 2 replies
    • 2,651 views

  7. DAS Trader Pro - Basics Live Q&A

    By Carlos M.,
    • 2 replies
    • 2,748 views

  8. Chart pattern illistrations

    By dmiles,
    • 2 replies
    • 9,759 views

  9. Trade Ideas

    By Debbie,
    • 2 replies
    • 2,683 views

  10. Why trading two trades at the same time?

    By Aki,
    • 2 replies
    • 1,769 views

  11. Lookin' for a list of mid float stocks (50,000 - 500,000) with decent spreads that are often "in play"

    By Christopher,
    • 2 replies
    • 2,396 views

  12. Double click to set stop loss

    By Carly,
    • 2 replies
    • 2,420 views

  13. Fundamentals of price movement

    By Luxen,
    • 2 replies
    • 2,777 views

  14. Favorite Moving Averages

    By Ryan W,
    • 1 reply
    • 3,403 views

  15. Is Andrew placing Market or Limit Orders...

    By Monk,
    • 1 reply
    • 2,093 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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