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Showing content with the highest reputation since 12/28/2021 in all areas

  1. 2 points
  2. 2 points
    ATR on daily for last 14 days - it is the average expected move for the day if your stock moves $2.18 on average last 14 days and the stock is gapping up $1.95 you cant expect much break outs to the upper side therefore i would not be looking at the stock for a break out at all. actually i have marked such a trade as a mistake going for such stock. its experience. do they work sometimes? yes. do the work most of the times? not for me statistically therefore i need to avoid those. see your own stats and check your past trades and their relation to the ATR i count in the pre-market move into the daily ATR (all credits to @Aiman) Example. EXPE on 6.8.2021 gapping down below pivot point and 200MA on daily. you would expect it to sink on the day it moved still the whole ATR in first 5 minutes not breaking down further allthough doing descending triangle for a break down. i would not trade it even as a 1min or 2min ORB just because of the big gap. there are just better trades to take. notice the daily volume.
  3. 2 points
    basically you did nothing wrong and the setup just failed i have a different view on ORBs as i was struggling with them as you do and this is how i did them. i have developed this approach as it is so much more simple and you can be prepared for it even before market open. i call it 4 premarket candles ORB or 4PC ORB 1. get a bias based on gap or daily chart - long or short 2. check the last 4 premarket candles - best if they are in a flat range 3. take the break of the range in the direction of your bias from point 1 here are some of my trades. i can send you plenty examples if you like
  4. 2 points
    This feature was recently added in version (check your version by going to Help> About). In the Account window, right-click the account and select Reset BP/Equity. Update your Equity, Daily BP, and Over Night BP.
  5. 1 point
    Howdy, Every so often when I am not actively trading Das Trader produces a beep sound randomly, at least to me. Anyone know what this from? Thanks!
  6. 1 point
    Hi Everyone, I am embarking on one of the exercises that Mike B has done and documented based on the writings of Mark Douglas. My goals during this exercise are the following. Goals: No micromanaging, or reflexive trading. Pre-determine entries and exits. 20 trade sample size with a defined edge. 3-4 sets of trade sample with journaling. R = $35 Daily R goals 2.5 R Max daily R loss 3R Edge Defined I wanted to develop my own edge based on my strength and weakness. From my journaling, and self assessment, my strength and weakness are listed below. Strength: High Risk Tolerance Good read of price action and Candle stick analysis Consistent Big R days. 7-20 R days. Weakness: Undisciplined Risk management FOMO, when using smaller time frames Big risky addons Big Volatility in profits and loss Micromanaging during the trade Strategy: 30 MIn ORB. Based on my experience and observation, using a longer time frame allows me to stay more in the pocket of a trade, using a bigger and well defined stops, and exits. First trade can be conducted at the open, if a well defined price range established. Else, the first trade will be conducted after the first 30 mins of ORB. Criteria for Entry: Once the price is at the top or the bottom of the range, we can take a long or short, pending on the strength and volume of the candles. For considerations for long or short, we will look at the overall trend on the daily, weekly, Pre-mkt high/low, and previous days open/close and the pivot points. Once I am ready for an entry, I will observe the 1/5 min candles, and find the lowest volume candle. The candles that follows the low volume, must have more then 1.5 x higher then the lowest volume candle, and it must move in the direction of the long or short. Long can be from the bottom of the range, or breaking out at the top. If the price is breaking at the top of the range, wait for a pull back, and a rising volume for the 2nd breakout point for entry. If the price is at the bottom of the range, and playing for long, wait for the first bullish candle with volume. One strong indicator that may show a sign of reverse is the spin top candle. Preferably, with a small to medium body, and long wicks. Price pivots on the 5 min is useful on price change. Most important, price range established by the 30 min ORB is very important. **Short plays will be just the opposite from above. ====================== Stock Watchlist ==================== Float - High or Medium float. > 50 Mil. Catalyst - n/a but big news is always considered. Price Spread = < .03 Volume = Higher then the normal Volume. Exchange = Nasdaq ===================== Trade management ===================== If the entry is within the 30 min range, the target exit will be the high or low of that range, pending on the long/short strategy. Stop is placed using the Kyle's dynamic hotkey with a fixed $ size equal to 1R($35). 1st partial 50% = > 1R #b/e stop placed 2nd Partial 50% = 1/2 ATR or other technical levels. #b/e stop placed Trail stop placed at 20ma of the 5 min candle implemented after 2nd partial. .25 R invested. B/E stop is removed. Share Size: Pending on Kyle's hot key. It is fixed dollar amount, and the size is dependent on the stock price. Add ons. If the price is moving in the right direction, using the ABCD setup, add on 1R, if the price has not exceeded the daily ATR and the price is supported with Volume. If the price moves without volume, use caution. Possible trap setup.
  7. 1 point
    Thank you for the welcome Abiel! I look forward to learning, sharing, and collaborating with BBT members. - Adam
  8. 1 point
    Hi Adam, welcome to BBT! I´m sure here you will find different styles and approaches to get your own trading style.
  9. 1 point
    Welcome to the BBT Family. I too tried to trade with Ross. I tried for 3 years before I finally realized I could not trade that style and I found the BBT family. It has still taken me over a year to feel like I now know what works and doesn't alone with working on the phycology side. You will love it here because there are plenty of styles and approaches to trading and you can incorporate that into your own style. Good luck.
  10. 1 point
    I am asked a lot how to buy and send an automatic STOP Loss order all in one hotkey. Try this: ROUTE=SMRTL;Share=BP*0.25;TIF=DAY+;Price=ASK+0.10;BUY=Send;ROUTE=STOP;StopType=Market;StopPrice=AvgCost-0.30;Share=Pos;TIF=DAY+;SELL=Send; What it does? It buys at 25% of your buying power, and then automatically send a stop loss order at AvgCost -30 cent. You can change it anyway you want!
  11. 1 point
    The search option is always available in the education center. Best of luck.
  12. 1 point
    Updated: 8/8/2019 @ 12:44pm (PST) Finally out of the alpha stage and releasing this to the community, I've been using it with success. Because I had to do some musical chairs with memory I made a configuration utility as the script itself is very ugly. This is more of a BETA release for this, so if anyone wants to try this out in SIM and let me know if you have any issues with the configuration sheet or the hotkeys themselves. It's based on the work started by @fjmocke here: https://forums.bearbulltraders.com/topic/469-das-calculate-shares-based-on-account-risk/ . What it is: It's a hotkey command script that can be used to dynamically alter the share total based on: Available Buying Power (capital) Stop Location (Risk) % Account Risk OR Fixed Dollar Amount The script includes purchase power protection and won't send an order that you can not afford, it does this by calculating two factors: A - Shares You Can Afford B - Shares at Risk Parameter (e.g. $25,000 account equity, 1% risk = $250 risk, $250 * a stop distance of .10 = 2500 shares) min{A,B} = 0.5(A + B - | A - B | ) But, why male models? I just told you. /Zoolander reference You'd use this to calculate your share total based on what you're willing to risk. So instead of blindly throwing 500 shares at every setup, you can dynamically alter risked amount based on the per-trade setup. I use it on my StreamDeck (will also release the icon packs soon) with modifiers of 100%, 75%, 50%, and 25%. 100% is the A-Plus setups I see, those I have HIGH confidence in. Alternatively, if a stock has a large spread or is low-float, I may only use the 25% modifier key for those. Instructions for Configuration: Go to this link: V2.1: DOWNLOAD ^^ Recommend latest DAS version of Requires DAS version or above (current BETA branch as of 11/19/2018) for the physical stop portion to work. If you don't use the physical stop, you don't have to worry about it. NOTE: Thoroughly test in SIM to make sure it's doing what you expect it to do. Choose: Download the ZIP file and unzip to where you want. On "Setup & Instructions" configure your settings. Account Leverage (default for DAS is 4), this is the margin your broker gives you. Some off-shores give 6. It needs to match what is configured in DAS for proper calculations. Max Account Risk %. This is the maximum percent of equity you're willing to risk on every trade (default is 1%). You can always risk lower (more on that later). % of Total Buying Power. If you don't want to calculate based on the total buying power of 100%, you can set this to a lower percentage (example: 100,000 buying power with 60% here equals $60,000 maximum position size) Route. LIMIT, MARKET, SMRTL. Default is LIMIT. Order Bid/Ask Offset. This is the offset you use when you send the price for order, e.g. "Ask + 0.05" (meaning fill me up to 5 cents above ask) Time in Force. Default: Day+ Default Shares. This is the amount of shares you want to set as the DEFAULT SHARES for all trades (e.g. when you click a Symbol and it loads, this is the share total). You can see why this is here in the technical breakdown section below. Minimum Stop Buffer. This is an offset to the stop distance. If you set this to 0.05, it'll add 5 cents to the stop distance calculation (so if your stop distance is 0.05, it'll be calculated on 0.10). Switch to the "Hotkeys" tab. Choose your preferred style. % Risk of Equity (Dynamic) or Fixed Price (e.g. $150 risk). %Equity Risk: Use the drop down to select what you want the value to be % equity. NOTE: This is a modifier AFTER your account risk maximum %. So if you have 1% account risk, and set this to 50%, your effective account risk is 0.005 --> 0.5%. $ Fixed: Use the drop down to select what you want the value to be for dollar risk. Select "long" or "short" to flip the script's direction. Click the cell that contains the start of the command (E column) and Ctrl + C (copy). Paste it into DAS. It should look like a sample command below. Instructions for Usage: First, you must have "Double Click to Trade" turned on in Chart, Right-Click --> Configure --> Settings --> Double-click to trade. Double click the chart where you want to set a mental stop (it does not place a stop order, you can always put one in after). Hit your configured hotkey. Sample Scripts: LONG: DefShare=BP*0.98; Share=DefShare*0.25* Price * 0.01; Price = Ask - Price + 0.02;SShare = Share / 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 = 500; SHORT: DefShare=BP*0.98; Share=DefShare*0.25* Price * 0.01; Price = Price - Bid + 0.02;SShare = Share / Price; Share = DefShare - SShare; DefShare = DefShare + SShare; SShare = Share; SShare = DefShare - SShare; Share = 0.5 * SShare; TogSShare; ROUTE =LIMIT; Price = Bid - 0.05; TIF=DAY+; SELL=Send; DefShare = 500; Technical Breakdown: DAS has basic scripting. Montage commands have access to very few read/write variables, basic operations, and only operators of addition, subtraction, division, and multiplication. To do this calculation we need additional operators (min function, and absolute function) and more memory for storage of variables. This command gets around these limitations by using user-writeable areas of memory in the program. Since DAS is written in the C++ language (from what I can tell), it's strict on what can be done in these existing memory locations. The hotkey uses the following items (plus the usual Price -- FLOAT): (Assumptions on Datatypes) DefShare -- INT (Used as a temporary variable for storage) SShare -- Unsigned INT (Behaves like an Unsigned INT in certain situations. Used as a temporary variable for storage) Share -- INT (Used as a temporary variable for storage) With the 3 INT variables, objects are moved around in memory so that we can calculate and compare with our variable limitation (be much easier if we could assign our own). To facilitate the ABS() function, we use a trick --> When a negative value is placed into an Unsigned INT it loses it's sign (thus, it becomes a POSITIVE value in memory). A more detailed technical breakdown (step by step) is located in the Configuration spreadsheet up above. Future Enhancements: If need be, I can make a step-by-step video of this entire process. I have a version that uses an AutoHotKey macro to drop a line at the stop location, I can upload that as well if people want it. ^^ Update, I discontinued this as it was too cumbersome. You had to have two sets of hotkeys for each command. I may someday revisit it if I can build out a configuration tool for it. TLDR: It does the math for you so you can risk a known amount (% or $) based on your per-trade risk position (stop distance). And yes, I'm a bit of a tech nerd. Also, longest post .. ever. Would not read again, 0/5 stars. --- KNOWN ISSUES: %Account Risk gets smaller and smaller when subsequent open positions Reason: No Equity variable, we reverse calculate equity using Buying Power. On subsequent positions, the % (e.g. 1%) calculation will be based on the available buying power and NOT the account equity. Workaround: Precalculate the %risk and use it for the $risk versions. So 1% of $25,000 equity equals $250. SSR rejection on LONG position when scaling out; rejection message (e.g. "Short marketable limit order disable due to SSR!") if using the automatic STOP trigger. Reason: DAS calculates that the position will drop below the open stop order position and reject as this can cause the position to "flip" if it was triggered. Workaround: Have a hotkey to clear the open orders (CXL ALLSYMB), clear it, scale the position (e.g. 25%). Either replace the stop or switch to a mental stop. Alternatively, you can add "CXL ALLSYMB;" to the front of the scale-out hotkeys. You just have to be cognizant to replace the stop order. Equated position size if very small (e.g. 4 or 5 shares when expected is hundreds). Reason: Wrong side was used for the order. E.g. a long hotkey is used when trying to go short. -or- Stop Distance was calculated to be a negative value (clicked too close to current price). Workaround: Be cognizant of the hotkeys used and the stop distance clicked. Clicking too close (a really tight stop) can be very dangerous if you do it inadvertently. TriggerOrder for automatic STOP placement not being sent (no stop order placed). Reason: Montage is not set to a style that doesn't allow TriggerOrder input. Styles not compatible are: Default [DAS's, if you changed it], Basic, OCO, Option, Full Fix: Use a style that is compatible, they are: Stop Order, Detail, Trigger -- I recommended using the "Stop Order" montage style. To change this, right click the montage area around where you'd enter a price and select Style --> Your Choice. --- UPDATES: 10/17/2018 - Added v.1.1 link, you'd need to use the new version to change anything. - General cleanup of the script. Added instructions for the IB issue (discussed in this thread) - NEW FEATURE: Added a new section to the Hotkeys sheet, it will now create a set up for Dynamic Scale-In hotkey commands. You'd use these by setting a scale value (say you want an additional 50% of your current position size). The hotkey will calculate the maximum share you can afford (how much you can afford at the moment) and the scale value, choosing to take the least amount. So if your current position is 1500 shares (@ $50.00) and you want to scale in at 50% your current position, it'd check if you can afford an additional 750 shares, if you can't, it'll buy the maximum you can afford. For this example, you can't afford it (if Buying Power is 100k), so it'd buy roughly $25k worth (500 shares). - CLEANUP: Cleaned up the $Dollar Risk version and removed unnecessary steps. Don't really need to replace yours if they exist, but worth noting. 10/30/2018 - Added @Michael P's suggested fixes for Excel. Configuration tool should now work in both Sheets and Excel. - NOTICE: This was a configuration tool change, no changes were made to the hotkey scripts, so no need to change any existing hotkeys. 11/19/2018 - Shortened some of the commands so we don't hit any hotkey character limit, makes them less readable, but shorter. Couldn't get them low enough to fit the montage buttons though (although removing the portions for the buying power rejection protection would likely do it). - Added a section for SELL/COVER buttons for people who just need to create those. E.g. "Sell 25% position" or "Sell 33% position". - Added @Robert H's stop suggestion. New fields on the setup page for enabling physical stops. If enabled, it'll place a MARKET or LIMIT (settings included) trigger order to go into the market once the initial order is fulfilled, these are placed at the location you double-clicked on the chart. 11/20/2018 - Added a stop-order setting to set an additional buffer for the stop price (for those that want to include or exclude the double-clicked price). - Added conditional formatting to subdue the stop settings that aren't required if you disable sending a physical stop into the market. 12/10/2018 - Added a known issues section to this post and the spreadsheet (for when a new version goes up). 12/12/2018 - Updated known issues section to include the "Montage Style" issue for TriggerOrders. 12/13/2018 - Updated to new version 1.46. Fixed a bug in the Trigger Order script which could cause it to not be interpreted by DAS's command parser on certain user settings. - Added "modifier" extra hotkeys. See instructions next to these on how to use them. - - - Set Stop to Breakeven - Long or Short - Stop Limit or Stop Market (cancels any pending orders for SYMB) - - - Set Stop to Breakeven - Bidirectional - Stop Market (cancels any pending orders for SYMB) - - - Stop - Update Price - Long or Short - Stop Limit or Stop Market (cancels pending orders, double click chart where you want stop before firing hotkey) - - - Stop - Update Price - Bidirectional - Stop Market (cancels pending orders, double click chart where you want stop before firing hotkey) - - - Stop - Update Position - Long or Short - Stop Limit or Stop Market - Replace (requires you double-click the original stop in the Orders window) - - - Stop - Update Position - Bidirectional - Stop Market Orders Only - Replace (requires you double-click the original stop in the Orders window). 8/8/2019 - New version 2.0, download the .zip file and unzip it. - Fixed an issue with some hotkey configurations that may have caused them to be inaccurate in vary rare situations. Recommend recreating your hotkeys in this new version, just to be sure. - Added Profit Target hotkeys. - Added % Scale-In Hotkeys - Added $ Risk Scale-In Hotkeys - Added Short-SSR to Long/Short dropdown for SSR hotkeys (DAS Simulator) - Added Range Order hotkeys - Added Y-Margin Scale Increase hotkey, Y-Margin Decrease, and Y-Margin Reset - Added new sheet "Example - Equity%" and "Example - $Risk" to give a more workflow outlook on what is happening. - Included a ScaleOut worksheet to manually simulate what different scale percentages / scenarios look like (instructions will be in the video). ALSO: Video is done and rendering, I think it comes in at 45minutes with 3.4gigs (4k), so it'll need to be optimized before I upload it to YouTube. Will try to do it today and will update this when done. 9/10/2019 - New version 2.1 released. Just general clean up (UI) and bug fixes. - FIXED: Issue with the Scale-In $Risk hotkeys. - FIXED: Issue with the Stop Update Price long and short hotkeys> ^^ If you use either of those, please regenerate them and replace in your DAS to avoid issues. UPDATES: The majority of this side project is completed and besides a few requests I have in with DAS developers to optimize a few things, out of any major bugs or improved scripting features, I'd say this is about done. I'll provide any edge-case support as need, but I want to move on to other BBT-community projects. So what do I have cookin' for you guys, gals, and cat? You'll see a glimpse in the video of an early prototype (buggy! I programmed that in a few hours, so bugs are expected) of a DAS calculator side program. The newer version (need to finish the UI) will incorporate a lot more in ways of tools for you, including automatically calculating changes without a hotkey intervention. It also allows you to mass-process trade log .csv files you may have exported and compile it into Excel or .CSV for import into other programs. Configuration is drag/drop friendly, so rearranging your columns is as easy as click and holding. I'm also going to shift my attention to finishing my ORB-strategy research. Right now, my datapool encompasses 15000 news article, gaplists for 2011-2019, and 1second data for stocks in that range. It's a data store of roughly 80 gigs. The idea is to test for hidden signals we may not see that can indicate a potential direction of an ORB strategy (if no rare outside influence occurs, like a terrorist attack) by leveraging a consortium of machine learning algorithms to give us a higher probability of success for each day. Depending how the research works out, the end product would likely be a probability predictor for each day. I'll share the research results with the community and may incorporate some other tests as well. VIDEO: Ok, so I may have gone down an editing rabbit hole and that took longer than expected. The videos are up, came in quite long so I chunked it down. Sorry it's a tad scattered and not one-linear cohesive unit, but I tried to mark it up as best as possible. Part 1 - Config / Math - https://youtu.be/YrRrydwGyRY Part 2 - Setup, Quick Examples, Tips - https://youtu.be/pXLlWF7T6hw Part 3 - Sim Trade Example - https://youtu.be/SO9UhJh4dTc Bonus 1 - Scale/Price Excel Calc - https://youtu.be/KTr_iJ2p0TU Bonus Tips - https://youtu.be/sNHXFMoia7A
  13. 1 point
    Ahmer, This button always shows "SHRT", you can use the same button for closing your open long position or when you are not in a trade you can use this button to open a short position (selling borrowed stocks). This button basically execute a sell order, sell your own stocks or borrowed stocks. Best of luck.
  14. 1 point
    Sell - when you have a position opened and you hav to sell what you have bought short - when you are borrowing stocks with the position you are about to open. for shorts the stock needs to be shortable and your account needs to be a margin account (which is not a problem in your test account)
  15. 1 point
  16. 1 point
    Hello, Placing all these orders are possible but the trader needs to manage the trade actively. Profit target prices need to be dynamic. The share price can only reach 1st profit (or 1st and 2nd,) target before returning to the stop loss. In that case the stop order needs to be updated with proper position size, stop price can be adjusted to b/e price. Other scenarios also possible. OCO can be implemented. Best of luck.
  17. 1 point
    Hi, You will see level 2 data always during market hours and after hours (post-market/pre-market). DAS only support level 1 replay features so you will only see level 1 data while trading with replay mode. Hope you got your answers. Best of luck..
  18. 1 point
    Hello, You can only see level 1 data while trading with replay mode, so if your strategies depend on level 2 data, then a problem You need to follow your trading plan strictly to get the most out of it. Best of luck.
  19. 1 point
    Oh no worries there, already have a dedicated machine for the xxx sites. I found a deal on a 27" so started with that and will expand from there depending on how it works for me.
  20. 1 point
    Howdy friends and thank you for looking at my question. I am on IB now and find they have the most Routes I have ever seen available in Das. I understand they are the different exchanges that trades are routed through, however I have heard better traders than myself mention that they prefer to send their trades to specific routes. Thoughts? Thanks friends. MRod I
  21. 1 point
    Hello Ahmer, Your win rate looks great.
  22. 1 point
    the predicting is based on experience and patterns. you study execute and improve over and over again. there is no such thing like now i teach you to predict candles. but if you understand how the mechanics of price action works with the help of some tools you can find your edge to trade. anyway if you have not already, read these
  23. 1 point
    success rate is not everything. you need to be able to see the missed potential on your trades and a lot of other what-if stuff with the provided stats you would be a millionaire soon anyway with 2500 cash you would be able to trade with BP of 10K usually or 16650 in Europe proper journaling with screenshots will show you the way
  24. 1 point
    yeah its easy to train in replay mode
  25. 1 point
    same as you do for any other breakout strategy there must be expectation of the direction on the daily. i used hotkeys for the entries with all or nothing target. maybe it could be fine-tuned for higher 3R targets or higher moves but i do not trade them anymore but i had some green stats with them over 43% success rate the thing is there is not much mistakes you can make on these rather than the traditional orb where you can miss something easily and get stopped often on the pullback to VWAP
  26. 1 point
    5M ATR(6) ...... Average True Range for 6 periods (5 min candles x 6 periods) --- it generally measures the volatility of the stocks for the last 6 candles on a 5 minute chart.
  27. 1 point
    Welcome to the group. I do not like answering a question by asking a question, but eventually I will have to ask a few in this case. ORB's are thought to be easy bcoz u see and entry signal, the hard part is the STOP placement. In Ed's Chat Room he has very very specific rules for ENTRY, STOP and TARGETS (i.e. levels). Not sure if ur STOP was within his rules which is a 5M ATR6. If u have not been in his room strongly suggest u visit and ask for the link to his 3 recent vids he did while being a BBT Mod. They explain his 5M ORB specifics in detail and how to read Price Action, PA. His vids have not been uploaded to education center yet, they will be, but members in the room will share a temp link to them. So onto the questions: (which I do not like to ask.......as it can be frustrating as a beginner without the right knowledge) 1. I assume its a 5M ORB, where was the STOP calculated to be ? Why ? 2. Did u draw levels ? Where did u identify these levels ? 3. What was target ? 4. Did stock have catalyst ? or u traded with MARKET direction ? 5. Awesome u STOP-ped out .....if that was part of ur PLAN. Didi u have a PLAN ? 6. Not all ORBs work...they do fail.....and u need to understand the PROBABILITIES for success with ur SETUPS. Look forward to seeing u in Ed's Chat room.
  28. 1 point
    Hi BBT traders, I wanted to share with you the tool i found and started to use and really love. It is called Tradersync - www.tradersync.com It is a web service as others and does really great job in importing trades and displaying various usefull statistics. I tried it to use with TWS (the Interactive Brokers trading platform) and DAS. Both import trades properly, which is sometimes problem with other tools. They suport imports from others as well. I have also reported several feature requests and improvments and bugs and they respond really quickly and implement the changes i wanted to better suit me. nice features - journaling day and trades separately - really nice graphs - works really quickly - can attach screenshots to trades - displays risks and rewards levels for trades (i like that the most) - can do what-if analyses so you can see what would be your performance if you avoid or focus on certain types of trades, times or prices - have mobile app to journal once you need to leave home after trading or just to have your stats in your pocket They provide a 7 days free trial with all the features so if you have some hundreds of trades already, just import them and check where your strongs and weaks are. I think this is now the tool to beat as i find it better than tradervue or edgewonk.
  29. 1 point
    Hello, I use DAS for day trading and TOS for swing. I don't use VPOC study in my TOS chart. VPOC (Volume Point of Control) is available in VolumeProfile study in TOS. Best of luck.
  30. 1 point
    Hello BBT, I am a new member of BBT community. I opened my account with Rabinhood and it was my 1st experience buying stock. I was trying to day trade using Rabinhood. My knowledge was very low about all technical indicators. I only learned different orders type from the apps. I made $200 within few minutes. I was so excited but within next 30 minutes I lost almost $1000. I felt so bad. Finally I started reading books and switched to TDA. Now I joined BBT as a trial member and learning DAS. This community is very helpful and so far my experience is great with BBT. Thank you.
  31. 1 point
    FOMO has many faces so do not take FOMO as a single mistake. It can be too soon entry, too late entry, too big risk i fight it for years and there is no universal answer but what helps me is mental part - realize that there is always something else to trade - realize that no loss is better than any loss so missing a trade is actually a good thing unless your success rate is high - recognize your triggers - what makes you take the bad trades. usually the first one is not FOMOed technical part - focus only on one setup with strict rules for entries, if it is not there it is not there - use static risk per trade and use automatic profit taking (bracket or OCO) orders - do proper journaling and review your trades and do stats on your mistakes to focus on. the awareness of your mistakes makes wonders. you can do best trade/worst trade and why it was the best trade and worst trade in your journal - what helpes me most is to take trades which i plan to take in advance and i setup limit orders or stop orders for the entries that will be triggered only if my planned move happens. that way i do not have hesitations or urges to take anything, i setup the orders and wait for them to trigger. its easy to do on breakouts, 3bar plays, ABCDs, pinpoint reversals. - change strategy, some strategies like "scalping" support FOMO behavior more than others ("lighning bolt" or "mountain pass" just to mention few) social part - get a trading buddy and cry it out - talk about your trades - see others people trades and recognize how you want your trades to look alike - watch reviews and videos of trading, get some inspiration from good traders
  32. 1 point
    Hey Everyone, I've been trying to configure my montage so I can highlight lots as Thor explains in his webinar. However, I can't seem to find how to highlight it on the level 2 config. Also, mine looks like this. Thor's config screen looks totally different I am on the latest version of DAStrader Pro. Thanks for the help.
  33. 1 point
    you can switch the latest DAS to the new config screen as explained in this video
  34. 1 point
    I got you Gator. Fortunately I do what you are asking all the time. Here's my hotbutton layout for reference, but what you are asking only needs pieces of it. There are 3 Steps to do what you require: 1) I enter the trade with a double click at my desired stop price, and then I click either of these hotbuttons. 2) If I want to take a partial at a specific price I first specify what % I want to take off of my current position with these. 3) I then double click where I want to take said partial on the chart and click either of these. Here's the hotbutton scripts associated with each step: 1) [L] Ask: StopPrice=Price-0.01;DefShare=BP*0.97;Price=Ask-Price+0.01;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; [SS] Bid: StopPrice=Price+0.01;DefShare=BP*0.97;Price=Price-Bid+0.01;SShare=50/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=LIMIT;Price= Bid-0.05;TIF=DAY+;SELL=Send; 2) [Pos] 10%: Share=Pos * 0.10; Etcetera... 3) [P] Set Price (Green): ROUTE=LIMIT; TIF=DAY+; SSHARE=0 ;SELL=Send; [P] Set Price (Red): ROUTE=LIMIT; TIF=DAY+; SSHARE=0 ; BUY=Send; See you in chat fella.
  35. 1 point
    Hello Bear Bull Traders, This TradeBook is a collection of trading strategies that the moderators within our community trade throughout the day. It is designed to assist you in understanding the setups that our moderators discuss in the chatroom. The information contained within each of these strategies can also be used as a starting point in your own journey to create a personalized strategy. It is highly recommended that you begin testing any strategy in your simulator before attempting to trade with real money. Sincerely, Bear Bull Traders Team SEE BELOW THE UPDATED VERSION..... BBT TradeBook.pdf
  36. 1 point
    yes that works absolutely fine i am running a VM with DAS on an Unraid storage appliance without any problem the problem with VMs is the security - you do not want to run it somewhere in the cloud once having live account setup there
  37. 1 point
    Here is a high probability trade I've been testing live over the last 3 months with considerable success. The idea is to take a long position for a scalp after a sustained downtrend. I use the indicator Ichomoku's Cloud (popular with Forex; although seriously underrated with Equity Traders as this one indicator provides so much valuable data). If you are unfamiliar with Ichomoku's Cloud I would highly recommend watching an introduction video on youtube. Candidate Stocks A) Any stock in play during the session; could be large cap or small cap. As long as it is in play it should work. B) Any highly liquid stock in a sustained downtrend. Works well with stocks like AAPL or TSLA which always trade with high volume Indicator Settings A) Default Ichimoku Cloud Settings (9 for Tenkan, 26 for Kijun, 26 for displacement) B) The Lagging Span is not material for this strategy Conditions A) The Stock must be in a continued downtrend on the 5m chart B) The stock must be trading BELOW the Ichomoku Cloud on the 1m chart (Important that it is not inside or above the cloud) C) The share price should have already begun some sort of reversal TOWARDS the direction of a RED colored kumo (cloud). D) The Tenkan span must cross above the Kijun Span on the 1m chart E) The stock must be trading with volume, the volume must be consistent or higher relative to the previous 20 periods on the 1m chart. The higher the relative volume; or if the average volume per period is increasing, the greater the chances of success. Entry / Exit A) Enter the trade when all of the above conditions are met with a large position size. Remember that the above conditions will only be met after the stock has already began a reversal, so set a stop loss at the previous low from which the price has reversed B) As the share price continues an uptrend and moves further up above the Tenkan and Kijun spans, partial the majority of your position for a profit- set your stop loss to your avg cost after your partial. C) Your remaining shares, if they do not fall back to your avg cost and get stopped out, can produce further profits (sometimes considerably despite being only a fraction of your original position) at these exit points: 1) Rejection of Cloud Lower Limit - If the share price is rejected by the red cloud, sell. 2) Rejection of Cloud Upper Limit - If the share price penetrated into the Red Cloud but fails to break out above it, sell. Or if the share price breaks into the red cloud but falls back below, sell. 3) Clean break of the Cloud - If the share price penetrates the cloud completely and a 1 minute candle opens and closes above the red cloud, the stock is likely entering a major uptrend, you may move your stop loss up to the cloud's upper limit and let your remaining shares ride I've attached a picture of the 1 minute chart of TSLA from today. I traded TSLA today using this method these 3 times, and all 3 trades produced profit. I circled in green points at which the conditions are met, you can see the Tenkan (Yellow Line on the chart) cross over the Kijun (Red Line on the chart) while the price is below the cloud, moving towards the RED cloud, during a major downtrend. The primary focus of this strategy is to scalp reversals, as often times, these uptrends are short lived (As you can see below, the first two times these conditions were met, the price rejected the Cloud, the third time the price broke above the cloud and continued in a major uptrend), so it is important to get in and out as quickly as possible, book a sizeable profit upfront, and leave a few shares remaining with an avgcost stop loss in the event of a sustained reversal. False Positives Sometimes this strategy will produce false positives which can be weeded out through further analysis - below are situations when I do not takes these trades 1) When the share price is NOT in a sustained downtrend on the 5m chart - This includes when the stock is trading in a channel or flagging 2) When there is little volume - Obvious Reasons 3) When an "outlier" event produced a Tenkan/Kijun Cross - Sometimes a single arge green candle on a 1 minute chart can produce these conditions - The stock must be in a major downtrend on a 5m (or larger time frame) chart, while also ALREADY in a minor uptrend on the 1 minute chart. 4) When there is no "Clean Cross" of the Tenkan over the Kijun, occasionally they will meet but fail to cross, and sometimes get "stuck" together- Only take the trade after a clear divergence of the Tenkan over the Kijun. The cross should also be the Tenkan crossing over the Kijun - not the Kijun crossing under the Tenkan. It may sound like the same thing; but the Tenkan and Kijun are essentially 9 and 26 period moving averages, when the faster average Tenkan crosses over the Kijun with strength, i.e: The Kijun has flattened and the Tenkan crosses above it on an angle, it wil indicate stronger upward momentum, as opposed to when the Tenkan is flat and the Kijun falls below it from above, which would generally be a bearish sign, and also usually occur after a rejection of the cloud. How to spot these trades 1) I use TradingView with all market data subscriptions 2) Enable the Ichimoku's Cloud indicator on Trading View 3) During Pre-Market pick a few stocks that are in play for the day 4) Go to each stock's 1 minute chart and create an Alert on the Ichimoku indicator for when the Tenkan (Conversion Line) "Crosses Up" the Kijun (Base Line) 5) You will now be alerted everytime the Tenkan/Kijun cross condition is met, after that, you have to manually verify the other conditions (5m major downtrend, share price is below the cloud, share price has begun a reversal towards a red cloud, volume is strong) Other Notes: Remember the idea here is to scalp POTENTIAL reversals - Examine the attached picture and see on the first two trades how soon after entry you must exit in order to make a profit. You are trading long in a major down trend, with no guarantee of a reversal, however, the share price will often try to reverse during these downtrends, and ultimately may fail, so it is important to get in and out as quickly as possible with a profit. I thought I would share this strategy with you all as I am a new member here and being in the chat every morning has helped me so much with other strategies (ORB) I never tried before! I hope this information is useful. The great thing about this strategy is its applicable during all hours of the trading session. Occasionally when I have a weak 9:30-11 trading day, I end up making some good gains later on in the day trading this strategy.
  38. 1 point
    Hi fellow traders. I would like to share with anyone who may find this useful or perhaps provide a helpful ‘head start’ into the world of Hot Keys. When I began to learn day trading and the importance of using hot keys, I created an editable PDF file which I would refine and develop as my trading progressed. To this day I still refer back to this chart as a constant reminder of my complex hot-key layout. One very nice thing about the PDF I am providing here is the fact that all the comment text boxes and red square boxes are ‘live and editable’. You can use this file as a head start to customize your preferred hotkeys vs. creating one from scratch. (Bit of a time saver) You will find that as you evolve your hotkeys, you will revise your PDF on the fly continuously making it more detailed and accurate for your desired use. Just a note; All I did here was take a photo of my actual keyboard and added some black space around it. I then saved a .jpg file and converted it to a PDF file. A few things I would like to point out here in hopes to answer some possible questions. This layout I am providing here is simply how I ‘personally’ have found to work for ‘my’ for my trading style. Yours can of course differ. - The text boxes Highlighted in ‘yellow’ represent the very active hotkeys I use most commonly - The colored stickers on the keyboard (purchased from a dollar store) are something I did to help me learn with clarity/confidence under pressure. Once you have used them for a while you will most likely find that you do not need colored stickers. Your hotkeys become natural to you. That day will come. - The hotkey scripts I am providing are based on using DAS trader version (and in particular IB as my broker). Please note to ensure that you test out all your hotkeys in simulation mode before you go live. Make changes as necessary. - From my understanding and experience using hotkeys in DAS Trader Pro Hotkeys associated with ‘stop order’ like actions DO NOT work in pre-market environments. (I do not know why). So use at your own discretion and ensure to test out all of them in the simulator environment. Perhaps now that I have done this, it might be nice for other fellow traders to share their hotkey layout and what works well for them. Be nice to see other trading styles. Happy trading everyone! And good luck! Uploaded; April 20 2019 Revision: 0 DAS HotKey Layout and Shortcut Scripts REV0.pdf
  39. 1 point
    Hey everyone, This is the spreadsheet we talked about in previous Workshop Wednesday "Trading in Probabilities" https://1drv.ms/x/s!Agc0kibqYd7fwDv0vV3G8wflrE3e Thanks!
  40. 1 point
    For users looking to add the LU / LD (Limit Up / Limit Down Halt levels) on the Level 2, you have to remove any blocked MMID's or they won't display. I've submitted this as a bug, but currently the fix is to remove the MMID. What is the LU / LD indicator? It's an informational level placed on your Level 2 to indicate the price at which a stock will be halted by circuit breaker. It shows up as a white line with the letters LD or LU and a price level on the Level 2. See bottom part of screenshot for example.
  41. 1 point
    You could try: SHARE=POS*0.33;SHARE=ROUND;ROUTE=LIMIT;TIF=DAY+;Send=Reverse; That should work in both directions (long or short). You must have an open position. To use it: 1) Double-click on the chart where you want to set the order (be sure to have Double-Click to trade turned on in the Chart Configuration; Right-Click Chart -> Double-Click to Trade [in Settings area]). 2) Hit hotkey. 3) Hopefully profit.
  42. 1 point
    @CassA @Peter de Beir DAS is just a middleman between yourself and your broker to execute trades more efficiently. The only fee that DAS will every charge is their monthly cost. Any other fee associated with trading is charged from the Broker. The tricky part is understanding that DAS does not have a perfect relationship with brokers to calculate all the fees correctly. DAS tries to calculate the broker fees, the ecn fees, the regulatory fees, the clearing fees, that are charged through the broker, but most of the time, if not 100% of the time, the fees are inaccurate. For example, if you are looking at your fees/commissions on the DAS platform, those are guesstimates and are most certainly inaccurate. You need to go to your actual broker statement to find the exact charges. As far as I know, you can request DAS to charge whatever your broker charges for the actual commission fee, but all the other fees, especially the ECN fees or rebates, are very likely to be inaccurate guesses. For anyone using Interactive Brokers and DAS. take a screen shot of your account page in DAS with the commission and fees after you are done trading the day. Save it. Later that evening when your broker fee is available around 8pm EST or so, log onto IB and compare the commissions in IB with the commission in DAS. Mine are ALWAYS different. IB/your broker will always be the more accurate one you are actually getting charged.
  43. 1 point
    You need to right-click from the Account window, not Account Report window (Trade > Accounts).
  44. 1 point
    I expanded on The Process of Executing a Good Trade in this post. it takes a lot of practice to plan a trade in real-time (especially in the first 30 minutes of the market). At least a month and hundreds of attempts until you develop a process that works for you. Once you get good at planning and managing the trade, you will be able to do it faster and faster each time. Like muscle memory of sorts. Here is what works for me: Prerequisites 1. Stock is in play 2. Support and resistance identified in pre-market 3. Pre-market volume and price action is tradable 4. Know the float category (low, mid, high) and how many shares you plan to take While watching the stock 1. Spread is manageable 2. ATR/price swings accounted for (i.e, see how much the stock ticks. Is it going up/down in 0.01 to 0.05 increments, or 0.50 to $1) 3. Price action is clean and not choppy; related to above 4. Volume is good and not dying 5. Who is control: buyers or sellers? 6. What is the strategy/pattern that is setting up here? 7. Is the price getting extended? Finding an entry 1. Is the entry favourable (new 1-min or 5-min high), or will it be a chase 2. Did the stock pullback yet? If not, to which level will it test and will I survive that? 3. What's the target? Is it realistic? 4. Finding a reasonable stop at a technical level 5. Calculating the risk-to-reward 6. Executing the order; with conviction--no hesitation Managing the Trade 1. Is the live price action still clean? 2. Are we making higher-highs and higher-lows, or vice versa? 3. Are there are levels or tops/bottoms that I missed before entering that have now become a factor (i.e, a moving average on the 1-minute chart) 4. Is the market providing new information that validates or invalidates my original criteria? Is the Level 2 bullish, bearish or neutral? 5. Is it a good time to add more (if you scaled in initially), or should you take some profit off the table? 6. If scaling out, how much and at what levels? 7. Is the price action conducive to my original stop/target? 8. Is control between buyers and selling shifting? 9. Given the above, does it make sense to stay in the trade or exit at break-even, before stop, or before target? I know that is a lot to process in a short amount of time, but those thoughts go through my head during a trade. For others, it may be much simpler or even more complex.
  45. 1 point
    Since everybody has different levels of experience with the stock market, it is difficult to have a one-size-fits all objective list. I am going to try to cover all the areas that you should have a firm grasp of by the end of the 3-months. It is a rough outline of what I have learned after 4 months of paper/real trading. This post will be a work in progress, but here goes. ~IN PROGRESS~ Day Trading is probably the most deceiving profession on the planet. On the surface the concept seems very simple: buy low and sell high. Then why is it that 90% of traders fail at his endeavour? Surely they aren't trying to do the exact opposite of what is profitable. Even flipping a coin has better odds at 50%. Let's take a look under the hood to see what is required to be a successful trader. CLASSES There are four classes in total. Each one runs about 1 hour, except for class 4 which is almost 2 hours. It is recommended that you attend the classes multiple times to reinforce your knowledge, refresh the concepts, as well as stay updated on any new material. It is your responsibility to go over the slides and understand what is being taught. If you have any questions, please ask them during class, in the forums, or in the chat. The community is always here to lend a hand. You should also bookmark the Bear Bull Traders FAQ and DAS Trader Pro FAQ. Some members choose to read additional day trading books, as well as practice trading replayed market data. What you get out of the course is directly related to how much effort you put in. In a sense, the entire 3-months is more of a self-paced learning program than a structured course. There are no quizzes, no tests, no projects and no scoring. It is up to you to wake up every morning and spend time in the chair mastering the trade. Nobody will hold your hand, watch over your shoulder, or monitor your performance in any way. That is how day trading is in real life: absolute freedom to stake your fortune or self-destruct and implode. STOCK MARKET BASICS -Warren Buffet once said 'The stock market is a device for transferring money from the impatient to the patient.' This is true for long term investing and for day trading. Remember that for each transaction you see in the Time/Sales window, there is a buyer and seller. When a stock is down 20% on the day and you short it, somebody is on the other side of that transaction buying. You don't know their hand though. They could be covering their short from earlier, it could be institutions loading up for long term investment, somebody hedging an options contract, etc. Beginners often gloss over this point. Volume represents transactions being filled; a transaction always involves two parties. You are trading against other people, not the market itself. -Exchanges: NYSE, NASDAQ, AMEX -Market Makers -Pre-market and after-hours -High Frequency Trading (HFT), algorithms -Bid, Ask, Spreads -Short-selling. What does it mean. -Short inventory. Why are some stocks shortable and others not -Short Sale Restriction (SSR) -Short interest, or Short Ratio -Share float -5-cent tick programs -Circuit Breaker Halts -News, earnings, and catalysts -Buyouts -Pattern Day Trade Rule >>> Make sure you understand the above prerequisites before proceeding any further. Investopedia is a great resource. CHARTS -Candle Sticks. How to read them. -Understanding Price Action. Bearish vs bullish candles. Indecision candles. -Higher highs and higher lows / Lower highs and lowers lows -1-minute vs 5-minute chart -Moving averages and how they are calculated in different timeframes -VWAP. Why it's an important intraday indicator >>> The above concepts are not tool-specific and apply to all trading platforms MECHANICAL ASPECTS -Knowing your tools (DAS) -Platform, Hotkeys, Scanners, Journaling -Order entry. Limit, market, marketable limit, stops -Level 2 -Calculating commissions and tickets >>> The goal is to familiarize yourself with DAS and be comfortable using it. For some this could take days. For others this requires weeks. TECHNICAL AND STRATEGIES -Finding Stocks in Play -Good vs. bad pre-market price action -Finding Support/Resistance Levels -Day trading Strategies. Master recognizing the patterns, entries, stops, targets. -ABCD / Reverse ABCD -Bull Flag Momentum / Bear Flag -Fallen Angel -VWAP False Break Out -VWAP Reversal -VWAP Trend Trade -Opening Range Breakup / Opening Range Breakdown -Red-to-Green / Green-to-Red -Moving Average Trend Trade -Top Reversal / Bottom Reversal -Time of Day: Open, Late Morning, Midday to Close >>> Everybody will pick this up at a different pace--learning to recognize different strategies, figuring out which one works best for you (at what time of day), etc. MANAGING YOUR ACCOUNT -Risk Management -Position Sizing -Money Management PRACTICE THE PROCESS OF EXECUTING A GOOD TRADE Putting on a trade is more than buying at point A and selling at point B. You need to combine everything you learned to get in and out of a single trade properly: 1) finding good stocks in play 2) identifying chop and staying away 3) identifying the strategy or setup 4) quickly calculating risk-to-reward 5) getting a good entry and avoid chasing/jumping the gun 6) managing the trade based on live price action and new information which the market is providing you 7) taking profit (often overlooked, yet it involves half of the entire trade) 8) you need to do all of the above while keeping your emotions in check and fighting your psychological demons >>> Over the 3-month period, you will repeat this process hundreds of times. This is where the bulk of your time will be spent. Learning to take good trades and improving on your mistakes. This is the only path to consistency. Don't waste time trading unrealistic sizes on low-float stocks because you won't learn a thing. >>>Some of your trades will turn out to be winners, some will turn out to be losers. Most likely you will have a few trades that blow up your practice account (but don't worry, you weren't taking things seriously and would never do it live, right?). GOING LIVE -Choosing a broker -Starting small and gradual position sizing -Returning to Simulator -Peer-to-peer support PSYCHOLOGY OF TRADING -Why do most traders fail here -I'm highly intelligent, analytical and very disciplined. Why this will ruin your trading. -I'm a good poker player. Good--you will be playing against yourself -Revenge -Overtrading -Fear of missing out (FOMO) -Fear of pulling the trigger -Trading scared -Averaging down -Turning a day trade into a swing trade ~IN PROGRESS~
  46. 0 points
    DAS Trader: I would like to know if you can have more than one trigger orders attached to the primary order. For example Primary order: Buy 100 shares of APPL at $170. Trigger Orders: Sell 25 shares of APPL at $171 Sell 50 shares of APPL at $172 sell 25 shares of APPL at $174 set STOP sell order of 100 shares at $169 So when the primary order is executed, it will trigger the above three profit taking orders and a one stop loss order.
  47. 0 points
    One screen for DAS, and maybe one screen for screeners and the chat room. However, info overload definitely will kill progress and create horrible habits. I think you might find, like many others, even having the chat room up is too much. Especially at first.
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