Day Trading Basics
Discuss about day trading basics: price action, orders, candlesticks, indicators.
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RECENT POSTS
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By Christopher Brown · Posted
disregard this. I poked around and figured it out. -
By Christopher Brown · Posted
Hello all. I am feeling a little foolish. I have not been able to use the live Sim for about a month due to being away for work. Now that I have returned I have no idea how to use the TT live sim. I am not sure how to size my position. I can see the buy/sell buttons and that these can be set to a max value or various percentages. my question is what is this a percentage of and is there a way to enter a simple numerical value for my position. Any help with this would appreciated. -
never use replay mode for testing hotkeys -
By Balazs Horvath · Posted
Thanks Peter but here it is what I dont understand: I reset my account size and BP to $60,000 (I used the DEMO version and in this case Replay mode) and set the cap to 0,99 both for my first long entry and the second adding entry (I use "Equalized Risk" script for going long (and short also) and the above mentioned "Adding to winning position" scripts, both from the DAS video series). Below are the screenshots of the result. After adding to my position I ended up having 562 shares at $164 which gives a $92,000 position which is a way above my BP ($60,000). How is it possible? I have to add that I have reset my account just before taking this test trade, so maybe I have to wait one day for DAS to process this new setup? (My previous BP was $100,000 by default) Sorry for bothering you with this staff, but it annoys me.... Thanks again for the previous answer, I will check out the links you have provided! -
it is 60% of the current BP so if you still have some BP on the 2nd key press it will use the 60% of the rest and add a true BP check for the first key press looks like this $myBP=5000; $want=$risk/$pricetostop; if ($myBP<=$want*LAST) { $amount=round($myBP*0.97/LAST,0)-1; } else { $amount=$want; } for the add it is more complicated for more modern hotkeys go here
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