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Showing content with the highest reputation since 01/22/2019 in all areas

  1. 6 points
    Hello Everyone, I just finished three months of live trading this past Friday, and about two weeks before finishing I came to the realization that something had to change if I was going to make it through the learning curve. After reading “Trading in Zone” and watching Mark Douglas’s “How to Think Like a Professional Trader” on YouTube, I decided I would create a 20-trade sample set to work on three areas of my trading. (1) Thinking in probabilities (2) Discipline to not give into FOMO (3) Holding my winners longer I figured since this is basically testing out a theory presented in one of the recommended Psychology books, I would make the results public so everyone in the community can see it. The desired outcomes I am looking for at the end of the sample set are: (1) Getting away from thinking trade to trade, and start thinking in a series of trades (2) Taming FOMO, so I do not get over excited and enter a trade too early (3) Confirm my profit taking plan is profitable over a series of trades. All of my indicators, confirmations, and risk analysis that defines my edge is based on information obtained in Andrew’s book and the lifetime Webinars. Edge Defined Strategy: 15 Min ORB – I chose this strategy specifically to force myself to deal with FOMO each and every day. I will caution that my edge does not appear every day, so there will be days that I do not take a trade. While tracking 5 Min ORBs and 15 Min ORBs for the last three months (total of 165 Stocks), I was surprised to see that 15 Min ORBs that meet my criteria appear more frequently than 5 Min ORBs. The percentage of them working is almost the same. 5 Minute ORB Pullback Met Parameters - 52 of 164 Total trades within parameters that have worked - 41 of 52 (78%) 15 Minute ORB Pullback Met Parameters - 55 of 165 Total trades within parameters that have worked - 41 of 55 (74%) Stocks for Watchlist: I select up to three stocks to watch based on the following criteria % Change – Gapped at least 2% but not more than 10% Catalyst – Needs to have fundamental news of sort. Vol – >100,000 Float – High or Medium float (> 50 m) ATR - .50 to 2.00 Trading – Must be trading higher than normal volume Exchange – I prefer Nasdaq over NYSE Edge Criteria: I have three parts risk analysis, indicators, and confirmations Risk Analysis: 1:2 or Greater Indicators: Must meet 2 of 3 Trades within the ATR Small share size with high volume Has a direction upward or downward (higher highs, higher lows, lower highs, lower lows) Confirmations: Must meet 3 of 4 ORBO closes above VWAP/ORBD closes below VWAP No large wicks/candles (wick cannot be larger than body, candles body not larger than ½ ATR) Closes near VWAP (needs to be within $.30) Has a pullback prior to breaking the opening range (cannot go past planned stop) Profit Taking Plan: As I am with CMEG, I have found you have to be very selective on when to take profits otherwise you are giving the money you make back in commissions, so I developed strict criteria for taking profits. Plan A – 1/3 out at just a little above 1:1 (this allows me to be at break-even if the stock moves back to my entry point), all out at profit target (+/- $.03) Plan B – 1/3 out at just a little above 1:1, 1/2 at profit target, all out at technical level or my first out Plan C – 1/3 out at just a little above 1:1, 1/2 out near the profit target if stock stalls near it, all out at the profit target or my first out. Share Size: I am taking share size based on a fixed dollar amount. Thanks to KyleK29 & fjmocke for the hotkey setup. Daily Trading Goal: My daily trading goal is to trade only within my edge, stick to my profit taking plan, control my emotions, and be disciplined. If I meet these then it is a green day regardless of what my P/L says.
  2. 4 points
    Hey traders! You know me as Matt R, blowing up the chat with Pivot alerts. I never traded with pivots before about a month ago, but turned them on one day by accident and man, was I glad I did. I did some research on them and it's changed the way I'm trading. I'm calling out stronger supports, taking better less risky trades, and getting out much safer than I was before. For those who don't know what pivots are, here is a great article to start on: https://thesecretmindset.com/pivot-points/ Tells a little about them, how they're calculated, and taking some basic pivot trades. In my opinion, they're just strong reversal trades, but instead of you going on your own and trying to see a W, or head and shoulders, or ABCD, or any other things that are subjective, this is a level that every single trader with a computer has access to, and is staring them in the face. They are numbers that DO NOT CHANGE!! ALL DAY! Everyone on the planet has the exact same numbers. And you know what else that means? Computers have them too. Which, in this case (and not usually the case in day trading) is great. So have I figured it out and gotten 100% success? No. There are some times that I get faked out, just like any reversal. But my stop losses are shallow and my $10 and $20 losses are manageable when the rewards are so great. And now, I've started noticing even more trends with these. Here are the two main trends that I see on these trades: 1) NEVER take a pivot trade that is going against the stock (short a stock going up, long one going down) unless it CROSSES A MOVING AVERAGE! Just because the stock hits a pivot doesn't mean it will reverse. A lot of times a strong stock will just blast right through. I have examples of this in all three charts below. 2) If you do take a trade that bounces off a pivot and then crosses a MA, beware of normal resistances, like VWAP, other resistance, HOD, Open, etc. I have found that three (3) 5-min candles in a row or a MA cross of any kind mean the trend is possibly over and the pivot reversal could be done. COULD BE. Just keep your finger on the trigger. These things are not bullet proof, and are subject to the same issues other trend trades are. People can always change their mind, or news can come out, or whatever. We will not always bounce happily from one pivot point to another. That's it so far. I attached some photos of some charts of trades I did. I took a few false pivots and tried to figure out what happened. Each time, it was because I broke one of these two rules. The other thing you need to know is that you could be buying or selling on a bounce. That is ok. Pivots bounce 2, 3, 4, or even 5 time before breaking, especially over slow periods like lunch. See the SQ example 1. You need a lot of patience with this strategy. If you took the trade at the first bounce, you would have been at break even for some time. Stop losses are your friend here. Which leads me to rule #3. 3) Set your stop at a pivot trade above the highest candle wick above the pivot, which really shouldn't be more than $0.10-0.20 or so. See, so your risk on these trades is very small, so you can price/buy shares accordingly. As far as price targets for these, obviously the next closest pivot is the end target, unless the move is breaking one of the main rules! (It's not near a MA, no supports in sight, etc) Just pay special attention to each 'obstacle' as I call them. Once you've passed another one, it's one step closer to finishing the Pivot journey. The final thing that's exciting about these is holding a position long or short that's approaching them. In the last photo, NVDA was a trade I had long from open from another strategy. I held that puppy until $144.50 because of these rules (no breaking MA at pivot, etc). I hope this article helps! Again, this is what I've seen, practiced, and read. Typical disclosures, don't listen to me, I'm a nobody, do your own research, etc etc. However, these PPs are very exciting and I hope it will help all of us be more confident and able traders. Anything to give us a leg up over those other people, right? See you guys in the chat and let me know if you start seeing additional trends for us all to become aware of! Thanks guys! Matt R
  3. 3 points
    Hey guys, I ran into this great article about patiences over the weekend. As we discussed yesterday in the Pre-Market Show “Motivational Monday’s” segment, this week we want to focus on Patiences. What I love about this article is that it describes patiences in a way that most people don’t see it as. Patiences can be mistaken for just having to wait and this article talks about how is not solely that, it can also be when to act and how not to react to frustration. Is not a Day Trading article but so much can be applied to Day Trading and our personal lives as well. Here is the link hope you find it useful and let’s focus this week on working on our patients but knowing when to act and waiting for good opportunities knowing that our chance will come. Also delaying gratification by working on great trading habits oppose to bad ones that could have immediate gratification but long term damage. The Power of Patiences https://www.psychologytoday.com/us/blog/emotional-freedom/201209/the-power-patience
  4. 3 points
    There is no customization. Your only option to assign hotkeys to the following commands: I don't use the hotkeys--I use the BUY/SELL buttons on the right.
  5. 2 points
    I'm a pretty heavy user of trading sim, and there only seems to be a bit of scattered info on it in the forums so I thought I'd post a detailed thread here along with some recent improvements they've done. For those who don't know, TradingSim (www.tradingsim.com) is a dedicated replay paper trading platform that runs in the browser. One can choose any date, setup a watchlist and playback stock data. There are buttons for play, pause, step to next candle, speed up, slow down etc. You can set your account size, buy, sell, short, limit and stop orders are all there. The advantages of using such a platform: Trade outside of market hours Drastically increase the amount of practice trading for a given time of day (for instance the open) Trade in different market conditions Use it as a research tool to study historical data, refine patterns and strategies, etc. One of the main drawbacks that people have commented here on the forums here is that it does not have pre-market and post market. They have since added this a little while ago. I'd say the only key thing that's still missing is level 2, although they do have order flow; and that also shows the current spread. There is obviously no premarket gapper scanner or anything like that. For trading practice I simply look up the respective recap from Andrew on youtube in order to get a watchlist. I spent quite some effort getting this das-like, and I'm relatively happy with the result. Take a look for yourself, and note that my DAS setup is slightly different than Andrews (I use green candles, different thickness MAs). Like DAS, there are a lot of options, it takes a little while to find everything you need. One rather critical option that vastly improved it for me was the 'Scale series only' under the 'Scale' of the chart settings. This stops the chart zooming out to fit the 50 and 200 SMA when they are out of screen. Just like DAS you can mark your charts with relevant levels from the premaket or daily, levels can be moved across charts via one by one via a copy-paste type functionality, but given the amount of clicking involved it's just as fast to draw them again. Some of the drawbacks the platform still has: Calculation of the VWAP in the pre-market is incorrect (I am currently in contact with them about this) No level 2 Hotkey functionality is a bit weak compared to DAS For active trades, it shows your average price on the chart, as well as relevant limit/stop orders, which is pretty cool, however once a trade is closed, there are no triangles to show you your orders. This makes it difficult for reviewing trades. This also facilitates overtrading or scaling out too quickly in my mind as you can't see the array of triangles you are leaving behind. During my usage of the platform I have found some bugs or oddities and sent them feedback. They have been fairly responsive about addressing all the feedback I have sent them, and a number of things have been fixed thus far. A word to pricing and competition. I tried both NinjaTrader and ThinkorSwin in the beginning, both of which are free. Ninja trader didn't work at all, replay only seemed to work for futures and forex. ThinkorSwim is also free but requires an ameritrade TD account. Based on feedback I heard from others from the community that it was rather clunky and not really usable, I didn't bother trying it out. TradingSim is $300 a year, and they offer a 10 day trial. Compared to the cost of DAS I personally think this is totally reasonable, particularly for people with jobs, or in other time zones who need to practice out of market hours. To conclude I want to emphasize that whilst I am happy with using this software, it is clearly no replacement for the DAS trader simulator with real time data and participating in the chat. Personally, I find I take tradingsim less seriously than the DAS sim, something about the fact the things are not happening real time really takes the pressure off. Therefore it is essential to participate in the market daily to practice in realtime market conditions, and on the platform you will go live with. I'd be interested to here from other members using tradingsim and what they think. Anything to add or any questions?
  6. 2 points
    hello bear bull traders! first off i wanted to say thank you to Andrew, Brian, the moderators, and all of the amazing members of this community. without all of you i would not have got as far as i have in my trading and I feel very fortunate to live in a time where i can have mentors that i never speak to but learn from watching the youtube videos and hanging around in the chatroom. i wanted to share my results from one year in the SIM training. My journal and excel files where i store all my trades can be found here at this one drive link: https://1drv.ms/f/s!Av0RVn6INi5egsVc5myfWu_4FeDg0g this link has all my journal entries, risk settings, hotkeys, basically all the trading information i've gathered so far. feel free to use any of it and message me if you have any questions. I read Andrew's first book about 15 months ago i was determined to at least try and make day trading a viable business for me. i spent the first three months just watching the chatroom and then started in sim right around the beginning of 2018. 12 months of simulator is a lot for some people but i trade at my job most days of the week so some days i'm distracted and some days i can't trade at all. it's been a long road but i've been having fun even with the low points. it took me about six months to start having an increasing equity curve: you'll notice that one trade really killed me. i lost almost $3,000 in one trade! that coupled with another big loser was my turning point. i knew i needed to start taking the practice more serious and start using risk controls because i am prone to letting my losers run on me. i still ended the year down about $2,300. In December i started taking sim trades of only 100 shares and then towards the end of the month i was only taking one live trade a day so as to not break the PDT rule. i got bored of trading in sim and wanted to start trading real money. i finally got my account fully funded so i've started 2019 taking all live trades. i'm already seeing how much harder it is than sim trading but i'm going to keep at it. i'm planning on starting another post of my live trades in the daily recaps as part of my new years resolution to be a more active member. thank you all again and happy trading in 2019!
  7. 2 points
    Updated: 11/19/2018 @ 8:20am (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: BETA: v1.46 https://drive.google.com/file/d/1p1J5sFOXjEE1B9HOkaxtfc3cXSO2fnrV ^^ Requires DAS version 5.2.0.34 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. v1.2 https://drive.google.com/open?id=1v45q-BJ86oaD3cXi0DAPeLraE2AojQ80 NOTE: Version marked as BETA should be thoroughly tested in SIM to make sure it's doing what you expect it to do. Choose: Either "Download" [Excel Users] or "Add to My Drive" [Sheets Users] 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. 2 points
    February 5, 2019 $AMD (3 of 20) - Stopped out Sample Set Results P G S 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Picked the wrong stock to enter today out of the 2 that met my edge. Not getting a full night's rest definitely made it hard to focus this morning.
  9. 2 points
    Good morning BBT! Happy Sunday! Time to prepare for the new week! Let’s review last week and see what we can improve for this coming week.
  10. 2 points
    Greg, I am sorry things did not work out today. A couple of weeks ago, I was having exactly the same issues that you show in your trades. I really mean exactly the same. Recently I had 5 days in a row losing $150/day. The only reason I only lost $150 is because I have account controls with DAS that stops me when I reach this $150 limit. I had a number of common trader issues. Not respecting STOP levels, over trading, revenge trading trying to recover loses, not being analytical on how to select trades, trying to catch ORB within the first 5 minutes of the open, etc. I have taken some corrective actions that seems to be helping: 1- Every morning before trading, I hand write my rules for the day and keep the paper in front of me. It is important to hand write the rules. The human brain seems to process information better when the person hand writes it. 2- I modified my rules they are as follow: A- Wait 10 minutes before taking my first trade. B- Only take trades and setups that I am familiar with around the VWAP and have the potential of 1:3 or 1:2 Risk:Reward. I call these A+ setups. C- Set the stop loss at my risk per trade limit (see risk management below) and respect the stops. I enforce this with STOP range orders. D- Only take 2 trades maximum per day. If my first trade is a winner I stop for the day. If I lose on my first trade I will look for a second A+ setup. If I get stopped for a second time. I stop trading for the day. E- I do not trade after 10:30. If I am already in a trade and it is going my way I stay with it. 3- My risk management strategy is the following: Although, I have a fully funded account I only use 10% of my real equity to trade. If my account has $25,000. I use it as if I only have $2500 equity. So for trading purposes my equity is $2500. My broker gives me a 1:4 margin, so I really have $10,000 buying power to get shares. In other words when I trade stocks, I make sure that the number of share that I take can be obtained with $10,000 or less. I have set myself a risk per trade limit of 1% of the equity. This means that with the $2500 equity, if I get stopped out I will lose $25. I use this risk per trade limit to determine how many share to get. For instance is a stock is $10/share, technically I can buy 1000 shares with my buying power. However, if this stock can move $0.10 against me and I have 1000 share, then I will lose $100 which is way over my risk per share. Thus for a $10/share stock with a potential loss of $0.10, I would only get 250 shares. Now if a stock is $100/share I could buy 100 shares with by buying power, but if this stock has the potential to drop $1, I will lose $100. In this case I would only get 25 shares. There are different ways to manage share size to stay within the risk management. Some people have a set number of shares based on the stock price and price action. When they build their watch list they know for each stock the proper size to take. Other people use hotkeys that automate the share size based on Ask price and buying power. I personally use hotkeys that I have created for this purpose. I use STOP RANGE orders with my STOP LOSS at risk per trade ($25) and wins at 3 times risk ($75). If I make my $75 in my first trade, I stop trading for the day. If I get stopped on the first trade, I lose $25. In this case I look for another A+ Setup to trade. If I win that one at $75, then I will be up $50 for the day. If I lose my second trade, I will be down $50 for the day. I don't do more than 2 trades per day, I either my outcome is one of the following: +75, +50, -50. I use hard STOPs so, I don't let trades run against me. I also use hard stops for my target. So when I hit the 1:3 ration, I get out with a win. Sometimes on winning trades that look strong, I adjust my STOP and end up getting a 1:4 or 1:5 ratio. I use hotkey to set up to STOP orders. In order to be successful with this risk management plan is important to identify A+ Setups that have the potential to give 1:3 risk:reward. Not only do you need to identify them, you also need to enter them at the right price that could potentially give that 1:3 ratio. If the trade does not meet these conditions, wit for it or look at another stock in your watch list. Don't settle for less. If you select trades like this, you will have few losing trade and the winning trades will yield enough to overcome your losing trades. Obviously, this is easier said than done. Selecting A+ trades come with practice. For me this is the trickiest part of trading. Right now this is my main area of focus where I want to improve. This risk management works well with the daily rules. For instance having a rule of a maximum of two trades per day, forces me to look very hard for the A+ setups. Also, the 2 trade rule forces me to stop trading after. My theory is that in the long run I will be ahead. If my success rate at selecting a good trade is 3 out of 5 days (60%), in a week I can expect lose $100, but make $225 for a +$125 for the week. The better I get at selecting A+ Setups, the better it gets. Right now my main focus is identifying these A+ Setups and sticking to my rules. When I had those 5 losing days in a row, every single day I was up for the day but I continued trading and gave it all back and some more. 4- I don't use 1 Minute Charts anymore because they are too "noisy". The 2 Minute Charts allows me to identify A+ setups better. 5- At the end of the trading day, I look at my handwritten notes. Make remarks on what I did right and wrong. I save my notes as part of my trading journal. I also save my trades images with annotations of what went right and wrong. I also save my trade log. I review my journal to determine if I need to change my rules or risk management plan based on bad behavioral patterns that I identify. These are my rules and risk management. They seem to be working for me but they may not work for everybody. I am sharing because it is always good to learn what other people are doing. You probably need to find what work for you. Analyzing your trade with my strategy: For your FB trade you may have had a different view is you only look at the price action after 9:40 AM. You would have seen a doji and waited a another couple of minutes, then you might have seen the price bounce from a support around $165.50. The 2 minute chart might have shown a different perspective that could have helped. The AAPL trade was harder to see because it was trading in a narrow range from 9:35 AM until 9:45 AM. This period is a pure chop. In my mind when a stock is trading like this, it could go either way. I see these setups as a 50/50 chance. Not an A+ setup in my mind. Eventually it went up, but it could have gone down based on the indicators. When I see these chop patterns, I look for other stock to trade or wait a little longer. Following my rules, I would have stopped trading after AAPL, since I have a limit of two trades per day. I think the MSFT might have been easier to read with a 2 minute chart. Although, it is still a hard one to read. In the 2 minute chart you might have seen a shorter candle from 9:50 to 9:52 this could have made you wait another 2 minutes to make a decision. Again, I would have not traded MSFT because I would have already hit my 2 trades per day limit. On PYPL, I don't know if the 2 Min. would have shown better direction. Reversals are very tricky. I stay away from them because I usually lose on them. I like trading around the VWAP especially between 9:40 and 10:00 AM. After 10:00 AM, the patterns seem to change and I don't know how to trade them. I have taken some successful reversal towards VWAP, but most of the time I can't figure out the right time to enter a trade and end up getting chopped in a move like your first PYPL trade. Definitively, I would have not traded PYPL becuase of 2 trade limit, it is late in the morning, and it is not the a setup that do well with. I hope this helps.
  11. 2 points
    I purchased a 17" ASUS ROG Model GL703GE-IS74 currently $200 off at Costco....1TB HD, 250GB SSD, 16GB RAM, GTX1050 GPU, 8th Gen Intel® Core™ i7-8750H Processor 2.2GHz. It's a gaming laptop with fancy colors on the keyboard and comes with a gaming mouse. The main reason I purchased this (besides the current discount) was that it has an HDMI plus a Mini Display Port so you can add 2 external screens. So in addition to being a solid travel trading setup this can double as a home work station if/when my regular PC crashes or fails or needs some repair. https://www.costco.com/ASUS-ROG-Gaming-Laptop---Intel-Core-i7---GeForce-GTX-1050-Ti--1080p---Bonus-Gladius-ll-Gaming-Mouse.product.100416051.html
  12. 2 points
    Good morning BBT Family! Happy Thursday!!!
  13. 2 points
    Hi All, my name is Carlos M. I am 32 and live in Northern Jersey, few minutes from the NYC. After 12 years of working as a Senior Operations Manager, I was laid off this past December. My company purchased GE Appliances and moved to their headquarters in Louisville, Kentucky. I thought I would be more upset about the layoff but I had 12 amazing years, and I was ready to move on and try something new. The company gave us almost a year and a half notice, that was more than enough time to prepare. (Plus a nice $$$ for years of service and sticking around until the end :) ) As my work started to transition to the new company, I found myself having a lot of free time during the day. I always had an interest in trading stocks and this was the perfect time to start practicing and getting ready. I did another online course and trading that did not work out (that’s a story for another time), and then I found Andrew’s Book and Chatroom community. Signed up for the Platinum package, I did the simulator for about 4 months and when live this month (January 2018). Looking forward to possibly meeting up in the near future with others traders and continuing being part of this amazing trading community. Carlos M.
  14. 2 points
    There are a lot of great trading setups!! Too many to reply to all individually, so nice work everyone! It is interesting to see what everyone is trading with. I built my station similar to Andrew's. I have six 23 inch ASUS monitors on the Vivo Hex LCD Monitor Stand ($104). I got a standing desk from Evodesk (about $700 great company, I love this desk and the ability to stand and sit with a push of a button.) Below are the specs, prices (at the time I bought it), and amazon link incase anyone is interested in building their own machine: Motherboard: MSI Arsenal Gaming Intel Z270M ($118) Processor: Intel i7-7700K 4.2 GHz ($329) Processor Fan: Cooler Master Vortex Plus ($29) Ram: Crucial 16GB Single DDR4 2400 ($149) Memory: Samsun 960 Pro Series - 512GB M.2 Internal SSD ($289) Graphics Card: PNY NVIDIA Quadro K1200 ($302 - installed 2 support 6 monitors) Operating System: Microsoft Windows 10 Pro 64-bit ($125) Power Supply: Corsair CX Series 450 Watt. ($47) Case: Rosewill Micro ATX ($20, this case is small gave me a bit of challenge getting everything installed.) Optical Drive: Asus 24x DVD-RW ($21) Carlos M. Skype ID: c_moreta (Feel free reach out to me at any time via Skype)
  15. 2 points
    A couple of us in the chat have been discussing the issue of tax (planning/preparation/etc) as it relates to day trading in the U.S. (IRS). I've done quite a bit of research on the topic as I've been preparing my own taxes for the last decade+. 2018 will be the first year as a trader, so I had some studying to do. Before I get into the nuts & bolts, let me make the disclaimer: I'm not a professional. Please do your own research, consult a professional, etc. I'm not giving advice nor am I suggesting any one thing or another. The information below is solely based on what I've found through the IRS site, TurboTax, and other resources. First, the IRS considers you one of two: an investor or a trader. If you're a (Trader Tax Status), the law considers this to be a business. There are no clear and concise numbers as it relates to activity for what constitutes a trader vs an investor. The IRS, publication 429, states this: - You must seek to profit from daily market movements in the prices of securities and not from dividends, interest, or capital appreciation; - Your activity must be substantial; and - You must carry on the activity with continuity and regularity. Link to IRS Publication 429 So once it is established that you're a trader and not an investor, we look to what forms are necessary. Those appear to be: Form 1040, Schedule D (Capital Gains and Losses) Form 8949 (Sales and Other Dispostions of Capital Assets)...to break down all the transactions) Form 1040, Schedule C (Profit or Loss From Business (Sole Proprietorship)... since as a trader, the IRS considers your a business, you report your business expenses here. Many of us use or plan to use Interactive Brokers. If you're using TurboTax (online version), IB is not a partner of TurboTax. Therefore, all of the transactions won't directly upload into your filing. I've read that some people use software/service such as Gainskeeper or TradeLog. Gainskeeper is listed as a TurboTax partner. All of this is basically to complete Form 8949. With that said, I did also discover that the IRS grants exceptions to Form 8949. Form 8949 states this: Note: You may aggregate all short-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS and for which no adjustments or codes are required. Enter the totals directly on Schedule D, line 1a; you aren't required to report these transactions on Form 8949 (see instructions). This is good news. So assuming you get a 1099-B from your broker, it shows the appropriate information, and a copy is sent to the IRS, you can mark the checkboxes on 8949 for Part I, checkbox A, and Part II, checkbox D. Open the form in the link above and you'll see what I'm talking about. It appears you don't have to show all of the trades (hundreds or more) you completed during the year. Thank goodness, because that would be a HUGE pain in the ass. Here is the TurboTax AnswerXchange link I found that first showed me this: TurboTax AnswerXchange - question re: how to report Scroll to the top. One last important piece of information that I found is in regards to Self Employment tax. Many say that you'll owe SE tax to the IRS since you're in business for yourself (as a sole proprietor) as a trader. That's not the case. You have to have Earned Income in order to pay Self Employment tax. Capital gains is not Earned Income. Form 429 clearly states: Gains and losses from selling securities from being a trader aren't subject to self-employment tax. When you open the link above for Form 429, the "Traders" heading shows this. Finally, this was a helpful link for me. It contains a lot of information on this very topic. It also mentions the Section 475 Mark-to-Market election. Trader Tax Status - Green Trader Tax So that's what I've found so far. I was a bit discouraged at first, thinking I would have to use another vendor (e.g.: Gainskeeper, Tradelog, etc) to track the information, but it it appears I won't have to. Of course, there are CPAs that specialize in taxes for traders, so that may be something to consider. I'm not sure on that yet. First, I wanted to educate myself on how it's all done in case I decide to do it all myself. If others have experience with this, please feel free to chime in. Thanks!
  16. 1 point
    This is the podcast Andrew recommended today in the chatroom, TRAINED By Nike. # 6 is about sleep. https://itunes.apple.com/ca/podcast/trained/id1414073313?mt=2#
  17. 1 point
    This is a very common question, so hopefully this post can be a good reference. There is a new hotkey command called DuplicateWindow which lets you 'clone' an existing Montage, Time/Sales, or Chart window. All settings like hotkey buttons, colors, fonts, etc. will be copied over. How to: -Go to menu Setup > Hot key -Add New Item -Enter a Name and Hot Key. In the Script Field, enter DuplicateWindow -Press Commit Now you can simply select the window you wish to duplicate, then press the hotkey (CTRL+D in the above example). And voila, attack of the clones!
  18. 1 point
    I use Rocketbook for writing my daily rules/notes and upload them to my online Journal in Google Drive. It's pretty cool https://www.amazon.com/Rocketbook-Everlast-Reusable-Notebook-Executive/dp/B07CZDXVH5/ref=sr_1_1_sspa?ie=UTF8&qid=1549411256&sr=8-1-spons&keywords=rocket+book&psc=1 FOMO is hard to overcome. Especially when you hear Andrew talking about trades. I used to mute the chat too. Now, I've learned to not really pay too much attention to the chat. I still have it on and I hear it, but I don't use it to trade. When I used to listen to the chatter, I would get FOMO and enter into bad trades. Now, I just ignore it for the most part. We should only take trades that look like like our predefined setups. I monitor a number of stocks at the open, and for the first 8 minutes I just look at the patterns as they are being formed. When I see one of them that is starting move in a way that it may turn into a good setup, then I focus my attention on that one stock and wait for the right entry price. The right entry is critical to a good trade. Once I am in I set my STOP range order. Sometimes, I end up overriding my order or updating depending on how the price is moving. Yes, not honoring defined stop losses is a big issue for a lot of traders. Every time I went Hulk it was because I ignored my stops. Sometimes I even made it worse by averaging. That is why it is so important to address this issue. I totally understand your concern that with stop loses you you may take losses more often. The only way to address this is to set a rule to limit how many trades you take per day. I have a rule of maximum 2 trades per day. Hard stop loses will not help you if you keep taking trade after trade. I absolutely recommend you set yourself a limit on how many trades you take. You should also set a Max Loss per day limit int the DAS Account controls, there is a video in the education section that shows how to do this. At the very least set up a DAS alarm the will tell you when you have lost X number of dollars. X being your max loss per day that you have defined for yourself. My Max loss per day is 2% of my account equity and my max loss per trade is 1% of my account equity, that is why after two losing trades I am done for the day. The limit of 2 trades per day also helps me look harder for good setups. Since I only do two trades a day, I don't want to waste them in questionable trades. It took me a while to switch over to the 2 minute chart. I was so used to the 1 minute chart that the 2 minute seemed very strange and lacking data. Now, I feel the opposite. I haven't used a 1 minute chart in 2 months. When I see one, like in your post, I have a hard time reading the signals because I am so used to the 2 minute chart.
  19. 1 point
    Anyone read “One good trade” by Mike Bellafiore, and in particular the chapter on ‘reading the tape’? Seems to be of major importance for day trading, but I’m a bit confused about this. Not described very well/in depth in this book. Any thoughts on the subject?
  20. 1 point
    Hi guys! I finally got my trading station ready! First of all I really want to thank everyone posted here, I read every comment, every detail and everything you posted, in conclusion I could build my own trading station! I actually lost all my trading capital building the station and hopefully becoming a life time member, but after thinking about it and reading @Andrew Aziz book I learned that it's an investion I've to do in order to become a successful trader. First lose money! Then make it :D, I'll be in simulator until I save money for trading So, let's go to the details! 1)Graphic card ASUS GeForce GTX 1080 8GB ROG STRIX Graphics Card (STRIX-GTX1080-A8G-GAMING) I wanted to buy the MSI Gtx 1080 gaming 8 x8gb but it wasn't available in my country, so I went with this 2)Mother board GIGABYTE H370 AORUS Gaming 3 WIFI (LGA1151/Intel/USB3.1 Gen 2 Type A,Type C/HDMI/M.2/ATX/DDR4/Motherboard) 3)Ram CORSAIR VENGEANCE LED 16GB (2x8GB) DDR4 2666MHz C16 Desktop Memory - White LED 4)CPU Corsair CX Series 750 Watt (2017) 80 Plus Bronze Certified Non-Modular Power Supply (CP-9020123-NA)I actually got 100w, but couldn't find it in amazon, you actually don't need 1000w, 750 is more than enough! I think even 650 will work, but I couldn't find 750 in my country as well 5) Cooler ARCTIC Freezer 33 eSports ONE - Tower CPU Cooler with 120 mm PWM Processor Fan for Intel and AMD Sockets - for CPUs up to 200 Watts TDP - Silent and Efficient (White) 6)Processor Intel BX80684I78700 8th Gen Core i7-8700 Processor 7)SSD, ADATA SU800 256GB 3D-NAND 2.5 Inch SATA III High Speed Read & Write up to 560MB/s & 520MB/s Solid State Drive (ASU800SS-256GT-C) 8)Hard disk 2tb WD Blue 2TB Desktop Hard Disk Drive - SATA 6 Gb/s 64MB Cache 3.5 Inch - WD20EZRZ you'll need an ATX box I believe but it depends on your style :DD With the box this whole setup cost me 1450$ from a local store, I also have 4 philips monitors 24 inch each cost 100$+ a cheap desk xD 60$, gaming mouse and keyboards because I love games, both cost 80$, and a stand for 6 monitors which cost 120$, 3 hdmi cabels, 1 adapted from vga to display port, another from hdmi to display port. I believe that's all!
  21. 1 point
    Friends, I start trading 1.5 to 2 hours after market open as I have a full-time job right now and that's the earliest I can start with trading. Does any of you have any best practice for how you build a watch-list some time after the market open and find the levels which are interesting? I am using a DasTrader simulator and have a Trade-ideas subscription. Currently, I just copy Andrew's watch list in Dastrader and mark the levels the way he does at the market open but I have two things on my mind when I ask my question: 1. Some of the stocks that might have been interesting at market open are probably not that interesting anymore as they did not receive any interest from the markets i.e. volume 2. Some other stocks might be interesting now which were not on the initial watch-list that Andrew created So, how do I choose stocks at this time of the day? Thanks! Pankaj
  22. 1 point
    I'm not familiar with the E-mini tickers, but this list has all the indexes available in DAS. AUM$ ISE SPOT AUDUSD AUX$ CBOE AUTOMOTIVE BANK$ NASDAQ Bank BIQ$ ISE BICK BKX$ KBW BANK SECTOR BLS$ BlueStar Israel Global BPX$ ISE BRITISH POUND FX BRB$ ISE BRAZILIAN REAL FX BSZ$ CBOE BINARY OPTIONS S&P 500 BVZ$ CBOE BINARY OPTIONS VOLATILITY BXO$ CBOE REDUCED-VALUE BYB$ CBOE MS STRATEGIC TOTAL RETURN BYC$ BYC SETTLEMENT BZJ$ NYSE ARCA MINI OIL CDD$ ISE CANADIAN DOLLAR FX CLL$ CBOE S&P 500 95-110 COLLAR COMP$ NASDAQ Composite CPQ$ CPQ CVL$ ISE GLOBAL ENGINEERING AND CONSTRUCTION CVQ$ CVQ CXU$ CBOE U.S.-EUROPE-JAPAN BASKET I CYJ$ CBOE LARGE CAP OVER SMALL CAP DEY$ INEV FOR STRS 7/30/11 DFX$ PHLX Defense Sector DIB$ INEV FOR 8% TI STRS DJR$ DJ EQUITY REIT DJS$ DJ SETTLEMENT VALUE DJX$ 1/100 DJ INDUSTRIALS DTX$ 1/10 DJ TRANS DUX$ DJ UTILITY AVG DXL$ JUMBO DJX ECM$ DJ INTERNET COMMERCE EPX$ PHLY Oil Explor & Productions ETT$ INDICATIVE ENTTLMNT VALUE FOR STRS ETZ$ INEV FOR 8% TI STRS 3/30/10 EUI$ ISE EURO FX EUU$ ISE SPOT EURUSD FUM$ ISE REVERE NATURAL GAS GBP$ ISE SPOT GBPUSD GVN$ CBOE GOLD ETF VOLATILITY SETTLE GWE$ ISE GLOBAL WIND ENERGY HGX$ PHLX Housing Sector HHO$ ISE B & S WATER ICK$ ISE CHINDIA INDS$ NASDAQ Industrial INDU$ Dow Jones Industrial Average INSR$ NASDAQ Insurance INW$ HORIZON KINETICS ISE INTL WEALTH ISC$ ISE GLOBAL COPPER IVX$ MERRILL LYNCH INVESTIBLE VOLATILITY IXCO$ NASDAQ Computer IXF$ NASDAQ Financial 100 IXHC$ NASDAQ Health Care IXTC$ NASDAQ Telecommunications MNV$ POWERSHARES S&P 500 BUYWRITE MNX$ CBOE MINI-NASDAQ 100 NDX MSQ$ MS VARIANCE 3X6 US MSV$ CBOE MORGAN STANLEY US PF STRATEGY INT VAL BK MSX$ CBOE NET ENTITLEMENT VALUE MVR$ MORGAN STANLEY RETAIL MXZ$ PHLX Medical Device Sector NBI$ NASDAQ Biotechnology NDO$ ISE SPOT NZDUSD NDS$ NASDAQ 100 SETTLEMENT NDX$ NASDAQ-100 NHM$ NHM SETTLEMENT NHT$ NHT SETTLEMENT NQUSA$ NASDAQ US All Market NQUSB$ NASDAQ US Benchmark NQUSL$ NASDAQ US Large Cap NQUSM$ NASDAQ US Mid Cap NQUSS$ NASDAQ US Small Cap NXTQ$ NASDAQ Q-50 NYA$ NYSE COMPOSITE NZD$ ISE NEWZEALAND DOLLAR FX OET$ S&P 100 FLEX SET OEX$ S&P 100 OFIN$ NASDAQ Other Finance ORE$ ISE GLOBAL PLATINUM OSX$ PHLX Oil Service Sector PCJ$ PCJ SETTLEMENT VALUE PUT$ CBOE S&P 500 PUTWRITE PZO$ INDISEFXMEXICAN PESO QIV$ NASDAQ-100 After Hours Indicator QMI$ NASDAQ-100 Pre Market Indicator QNET$ NASDAQ Internet RCH$ HORIZON KINETICS ISE WEALTH RCMP$ NASDAQ Capital Market Composite RLS$ RUSSELL 2000 OPEN/ERO WRAP SETTLEMENT RON$ UBS RETURN OPTIMIZATION RSL$ CBOE RUS 200 VOLTILITY IDX SETTLEMENT PR RUA$ RUSSELL 3000 RUI$ RUSSELL 1000 RUT$ RUSSELL 2000 RXS$ PHLX Drug Sector SET$ SHORT-TERM S&P 500 SETTLE SFC$ ISE SWISS FRANC FX SHX$ PHLX Marine Shipping SKA$ ISE SWEDISH KRONA FX SOX$ PHLX Semiconductor SPX$ S&P 500 SVI$ SVI SVO$ SIG Energy MLP SVZ$ SVZ TICK$ NYSE NET TICK TICKQ$ NASDAQ COMB NET TICK TNX$ CBOE TREASURY YIELD 10 YEAR TRAN$ NASDAQ Transportation TRIN$ NYSE TRIN TRINQ$ NASDAQ TRIN TSX$ S&P/TSX COMPOSITE UTY$ PHLX Utility Sector VCS$ ISE BEAR OPTION OVERLAY VIX$ CBOE VOLATILITY S&P500 VLX$ HE INVESTABLE VOLATILITY VMA$ CVOL VIX FUTURE NEAR-TERM MID VMB$ CVOL VIX FUTURE NEXT-TERM MID VPD$ CBOE VIX PREMIUM STRATEGY VPN$ CBOE CAPPED VIX PREMIUM STRATEGY VPS$ ISE SPY BEAR SPY BULL OPTION OVERLAY IND VRO$ VIX OPTIONS SETTLEMENT VSX$ CBOE NAS 100 VOL SETTLEMENT IND VXN$ CBOE NASDAQ 100 VOLATILITY VXS$ VAN KAMPEN CONV SECURITIES XAU$ PHLX Gold/Silver Sector XCM$ PHLX Chemicals Sector XDC$ PHLX Canadian Dollar XEX$ PHLX Europe Sector XMS$ MINI NASDAQ 100 FINAL SET XSR$ MINI SPX EXERCISE SETTLEMENT VAL YUK$ ISE YEN FX ZIR$ ISE JUNIOR SILVER
  23. 1 point
    Charles Mackay's famous 1852 book, "Memoirs of Extraordinary Popular Delusions and the Madness of Crowds" is perhaps the most often cited in discussions of market phenomena, from the tulipmania in 17th-century Holland to most every bubble since. The story is a familiar one: an enduring bull market in some commodity, currency or equity leads the general public to believe the trend cannot end. Such optimistic thinking leads the public to overextend itself in acquiring the object of the mania, while lenders fall over each other to feed the fire. Eventually, fear arises in investors as they start to think that the market is not as strong as they initially assumed. Inevitably, the market collapses on itself as that fear turns to panic selling, creating a vicious spiral that brings the market to a point lower than it was before the mania started, and from which it will likely take years to recover. (from How The Power Of The Masses Drives The Market Download the 3 volumes of "Memoirs of Extraordinary Popular Delusions and the Madness of Crowds" (public domain) from gutenberg.org
  24. 1 point
    Hey True, im running DAS on parallels with zero lag as well. Ive dedicated the max amount of RAM to the parallels side and it seems to be functioning as it should.
  25. 1 point
    I built my computer specifically for day trading (and gaming!). I share a home office with my photographer girlfriend so I wanted to make sure I kept everything quiet and contained. My corner of the office is a standing workbench I custom designed and built myself to contain the tools, electronics, and gadgets I use to build "stuff". My 3d printer is also pictured. I built a Core i7 based PC on an Asus ROG Maximus IX motherboard, 32gb of RAM, and a Vega 64 graphics card. I have a Noctua CPU cooler that operates almost silently, and the machine itself is down in the corner so it's near silent. The iMac on our desk behind is actually louder. I installed an Ergotron arm to mount the monitors (a 34 inch wide screen and a very old 24inch monitor) to my standing work bench. I have gaming mouse and keyboard because I like the feel and I'm left handed so having an ambidextrous mouse is great when I switch to right-handed to game. The last part of my setup is a Stream Deck, a customizable keypad with LCD screens on each key which I've set up to trigger hotkeys for long and short positions. Each icon is custom color-coded so I can't mistakenly short a long position when I'm trying to sell, or something similarly boneheaded.
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