Jump to content

Leaderboard


Popular Content

Showing content with the highest reputation on 07/06/2018 in all areas

  1. 1 point
    I uncovered some sort of bug in DAS that lets you add new rows to a watch list without having to use the right-click menu. It can save time depending on how fast your keyboard skills are. Here's a GIF of the steps: I normally do this first thing every morning to quickly add 20 rows before building my watch list.
  2. 1 point
    Aiman sweet set up man! I think if we all switched our careers from Day Trading to gaming we will be extremely successful! Saying that because we are building machines for gaming specs first, trading second!!! Nice set up!
  3. 1 point
    Hi guys! I've been here for like a month but never introduced my self here :DD My name is Aiman, I'm an Arab, well, half an arab My mother is Russian, I've lived half of my life in Russia, the other half in Yemen, currently I live in Russia; Studying actually :DI'm a medicine student, I want to become a heart surgeon xD. I've never known that stock markets actually exist, and that everyone has a chance to trade! First time I heard about trading was related to cryptos, I thought it was an easy way to become rich, I read lots of scams, youtube videos that explained how easy it's to become rich by investing in cryptos, so I opened an account on some website, made a small deposit(500 euros) and on march bought at 12k hearing that it's going back to 20k and even 100k!! So dump right?)) Anyway, it fell to 8k, and I kept holding, then 9k, and I decided to get out, luckily my loss was 30% of 500 euros not 30% of 5000!!! I started reading about cryptos, support and resistances, and how to trade them, eventually I figured out that wasn't for me, and it's not a profession one can hold on to, maybe only hope. Along with cryptos I was reading about stocks, investing, and swing trading, but I figured out that with my capital I'll suffer there. Eventually I came across day trading! I watched tons of videos, read tens of books, got attached to it. My last book was Andrew's book'How to day trade for a living'. Honestly! Best book I've ever read, so simple, has everything summarized. It made daytrading simple! I was so confused with those lagging complicated indicators that I felt I'll need years to figure them out, I actually was ready to study even for years, :DD I mean comparing 6 years in medicine to 3 years studying indicators? It worth it:D Anyway, after Andrew's book, and how simple he explained everything, I searched for him in youtube, I watched all his recaps, emailed him a few times, and I actually was surprised how fast he was responding! I texted a lot of youtubers seeking for information but their answer was mostly"Sign up to my chatroom and you'll get everything you need, everything I do is taught there!" Andrew in compare to every other traders was humble, and helped for free :DD Answered all the questions I asked without asking for anything in return, I really loved that and after that I decided to join the chatroom, I paid for anual member ship+3 months das simulator, I might pay for 3 more months because I want to practice more, and hopefully in the next week I'll pay for a lifetime membership :DDD I really love this community, members here are nice, helpful, and overwhelming :DD Thank you for doing everything you do xD
  4. 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!
  5. 1 point
    This is a problem all traders face--beginner and advanced. Even Andrew and Brian mentioned this in the Lifetime Webinar. We go into a trade looking for 2:1 risk/reward, and end up coming out with 1:1 after scaling out. Our losers are almost always -1:1, if not greater. This means that with 50% accuracy, we break-even over the long-term despite claiming to take trades with a minimum of 2:1 risk/reward! My journal tracks some key stats to see how well I'm taking profit compared to the risk I take. The required variables are: Number of shares Entry price Stop price Target price Max loss = (Stop - Entry) x Shares R-Target, aka Target Risk-Reward = (Entry - Target)/(Stop - Entry) R-Real, aka Realized Risk-Reward = P&L/Max loss Let's use my $CAG trade from June 27 as an example of a good outcome. I entered the trade looking for a 4:1 risk/reward (R-Target). Based on how I scaled out (in 6 steps), I managed to come out with an R-Real of 2.9. This is the type of patient profit taking you want to see over the long-term. Entry 36.52 Shares 800 Stop 36.7 Target 35.75 R-Target 4.3 Max loss 144.00 P&L 412.78 R-Real 2.9 Now here is an example of a winning trade where the R-Real is less than half of the R-Target. Despite being a winner, the realized risk/reward was actually less than 1. Statistically, taking trades like this over the long term would result in losing money. Entry 42.87 Shares 100 Stop 44 Target 40 R-Target 2.5 Max loss 113.00 P&L 97.34 R-Real 0.9 I've been consciously trying to improve my long term average R-Real by taking profit more patiently. Similar to Carlos' advice above: (1) take first partial after a 0.30-0.40 (2) patiently take profit at original targets (3) keep the last 10-20% for as long as possible. This has helped bump up my R-Real, but it is nowhere near 2.0. As of right now, it is a mere 1.1 after 450+ live trades. My losing R-Real is -0.9. Both numbers are improving, but it takes a lot of practice. Improving accuracy of winning trades is another solution to this problem. If you can be right 65-70% of the time, then you can afford to have an R-Real of 1.0 and still be profitable.
  6. 1 point
    That was really nice meeting you Andrew you are a true inspiration.
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.