Let´s use this thread to discuss Opening Range Breakout Strategy (ORB), a strategy with the potential to make us very happy or very miserable right at the open of the market. Let´s discuss success cases, failed ORBs and how to improve the chances to take a successful ORB in order to finish happy and early our trading days. Opening Range Breakout Strategy according to Andrew first book: "How to Day Trade for a Living: Tools, Tactics, Money Management, Discipline and Trading Psychology": 1. Monitor the stocks in watchlist for the first five minutes. identify opening range and price action. Look for a directional upward or downward movement in the one minute chart. Look for high volume with many orders going through. 2. The opening range must be significantly smaller than the stock’s Average True Range (ATR). See how to add ATR to daily chart in DAS Trader Pro. 3. See if the stock is breaking the opening range, enter the trade according to the direction of the breakout: long for an upward breakout and short for a downward move. 4. Stop loss is a close below VWAP for the long positions and a break above VWAP for the short positions. 5. Profit target is the next important technical level, such as: levels you identified in the pre-market, moving averages on a daily chart, and/ or previous day close. 6. If there is no clear technical level for profit target, exit when the stock shows signs of weakness (if long) or strength (if short). For example, if the price makes a new 5-minute low, that means weakness and consider selling your position if you´re long. If I you´re short and the stock makes a new 5-minute high, then it could be a sign of strength so consider covering your short position. For examples of ORBs, please post 1 & 5 minute (or longer time frame in case of 10, 15, or 30 min ORBs), with your entries and exits, pointing why it was a successfull or unsuccessfull ORB.

Hey everybody! I wanted to see if we could possible setup another meetup for sometime in August for the NYC metro members. We had an incredible turnout the first time around and we've only grown since then! I know Fernando and Carlos will attend and maybe, just maybe we can get the 'boss' to attend as well. So I am putting this out there to see what everybody thinks. Throw out some dates and lets see if we can come to a consensus! I know I am available every Saturday except for the 11th (beer festival at Heckscher State Park out here on the Island), but other than that I am free!

Hi Guys! This is JB and I really want to thank Andrew for being such an excellent and inspiring teacher for me and for creating this amazing community full of dedicated and serious traders! I want to start this topic to share with the community all my journey in the simulator. I appreciate any feedback from you guys. So this is officially day one and here is my video recap:

For you who are starting with a real account, my best recommendation is to use the open risk control page (IB). This tool will be your best friend to help and control bad situations. Simply put the account to lock when it reaches a negative number. There is a post that explains in detail how to do it.

Still a SIM newbie, but I'll check this out. Looking forward to some BBT swag Mike

Awesome. @Abiel can we change the name and f this thread to July August live trade Support please? Thanks.

@ nassarsyed This is a great idea! I just got an active account with CMEG, but have not taken any trades yet, 5 months and half on SIM. this week I should make some real trades, lets see.

Sean, I had the same exact issues you are listing above when I tried to use my MacBook Pro with Parallels. It works great for all other windows software but it just does not play nice when using Das Trader Pro with multiple screen and multiple Montages. When I was using just one screen (the laptop screen) it was more stable. Once I added other screens it just didn't perform well. The default template would sometimes not stay on the multiple screens so I would have to set it up to fit correctly. In rare occasions the software would freeze or not respond. Once this happened several times when I was on the simulator, I called it quits. I did not want to go live with a system that was not stable. My suggestion is to invest in either a PC or a laptop. PC are cheaper and give you more bang for your buck, easier to set up multiple monitors and easier upgrade in the future. I took some of my capital I had saved up for trading and invested in a good PC system. Hope you find a good stable system! One less thing to worry about when you are 100% focus on trading. Carlos M.