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Ran into this picture online today... This is so true about any type of success in any career or goal. People only see what others have achieved and want the shortcut to the top. In my personal opinion, in Day Trading there are no shortcuts, the work must be put in, by education, practice, practice and even more practice. After comes the physiological and emotional part that is trigger when we put skin (real money) in the game. This is were we need to transform from a regular Day Trader's mindset to a Successful Day Trader's mindset. This is by far the hardest part of Day Trading and requires hard work, persistence, and dedication just to name a few.... #wegotthis

Since this subforum is by far the most active, we've stickied this FAQ which contains links to individual posts. This post will be updated regularly. [Last updated: May 17, 2021] DAS Trader Downloads DAS Trader Pro Production Releases for Interactive Brokers DAS Trader Pro Production Releases for CMEG BBT DAS Simulator Production Release (ONLY IF YOU GOT DAS SIM THOUGH BBT) When doing an install of a new version, it is always a good idea to back up your settings! DAS Trader Pro references, education and support OFFICIAL: DAS INC DAS TRADER PRO - DEMO Tutorial - How to Correctly Use DAS Trader Pro User Guide and Manuals DAS Trader Official YouTube Channel DAS Weekly Free Q&A Webinar DAS Trader Pro Knowledge Base DAS Trader Pro Risk Control explained in Knowledge Base. Common DAS Trader errors No More Order Server to Connect’ error message ‘Wrong Trader’ error message “Lost Connection to Quote Server” error message General Where can I subscribe for DAS Trader Pro live account for Interactive Brokers? How to Change Your Equity and Buying Power in Simulator How to Switch Between Live and Demo Accounts Update/Upgrade DAS To Latest Version Understanding the DAS Account Report DAS Deluxe Package - Switching Options L2 for ARCA Book DAS Trader on MAC OS also see DAS Trader FAQ > 5. SYSTEM REQUIREMENTS How to link symbol selection in Trade Ideas to DAS How to set a price alert in DAS How to add Audio Alerts in DAS How to Configure DAS Mobile for Android or iPhone Definition of Time and Sales Flags How to use the DAS Risk Control Page List of Index tickers (SPY, DJIA, NASDAQ, RUSSELL, etc.) How to Make a Pre-Market Scanner in DAS DAS Trader Videos Playlists in YouTube DAS Trader Tutorials (basic DAS Trader configuration) DAS Trader Pro Instructional Videos (Advanced DAS Trader Features) Market Replay Mode How to use new DAS Trader Market replay feature Montage, Windows, and Layouts How to Make Your Custom Layout Load as Default on Startup How to link Montage to Time&Sales and Charts? How To Setup Multiple Monitors in DAS How to Duplicate a Montage, Chart or Other Window Montage / Level 2 color and shade settings How to Quickly Add Rows to Watchlist (Market Viewer) How to Change Order Button Colours (BUY, SELL, SHRT, CXL, RPL) Select Active Montage to Trade Definition for each of the Level 1 (L1) fields at top of Montage How to select the montage before placing a trade How to use the New L2 Highlight Feature in DAS Trader (YouTube video) Charts [VIDEO] How to configure charts in DAS Trader Pro: Education Center How to Add Index Tickers for SPY, DOW, NASDAQ DAS Trader Tutorial – Make Your Chart Look Like Andrew's How to Add Average Line to Volume Study How to Drag and Drop Horizontal Lines How to Transfer Price Levels to Another Chart Drawing Support and Resistance Lines in DAS How to add previous day close (PCL), high of day (HOD) & low of day (LOD) How to Prevent Chart from Zooming out When Switching Symbols How to Add/Remove Trade Icons on the Chart Show trade info on chart (triangle click) How to Increase Y-Axis Scale to See More Price Levels / This can now be done with the newer versions (5.4.0.0+) of DAS using hotkeys Change Default Number of Candles How to add Relative Strength Index (RSI) to Chart How to Draw a Diagonal or Sloping Line How to Change font size in Chart How to add separator line for Pre-Market (Open) and After-Hours (Close) How to correct short/small candlesticks by excluding Studies from Y-Axis Scale (Y LOW, YY HIGH, etc). How to Zoom in on Specific Area of Chart Why is VWAP sometimes different between 1-minute chart, 5-minute chart, and/or Montage? How to add vertical lines on 1-minute chart to show each 5-minute period How to add Average True Range (ATR) to DAS Daily Chart How to add and use Volume by Price study How to add bid & ask to your charts How to add RVOL in DAS? Exceeded max number of global trend lines Order Entry Placing Orders in DAS Trader Pro Trailing Stops How to Lock Your Montage How to set a Bracket aka Range aka OCO order (includes hotkeys) Hotkeys and Hotkey Buttons - Always test your Hotkeys in simulator Most frequently used hotkeys Terminology Clarification: Hotkeys vs Hotkey Buttons Programming hot key for stop loss Buy/Sell Hotkeys for Automatic Stop Loss How to Create HotKey Buttons on the DAS Montage Level 2 Window Hotkeys for Flipping Position Hotkey for buying based on a percentage of Buying Power How to Adjust Montage Hotkeys Button Size What does the Panic hot key do? How to set up hotkeys for trailing stops Hotkeys for adjusting share size How to create hotkey which launches Finviz page for a selected stock Hotkey for automatic share size based on max dollar loss Hotkey for automatic share size based on % loss of account How to short stocks in SSR: see here and here Thor´s Freeroll Hotkey DAS Trader Pro Support Live Chat Support Das Trader contact page to send messages DAs Trader Support Email DAS Hotkey Line Style Configuration tool.

In this video AdventureDogLA shows us how to set up Risk Controls in DAS Trader Pro. Risk Controls enforce limitations such as maximum daily loss, maximum shares traded per day, etc. Risk Control Page is a safety net to keep in control our loses, either to have an external control over our behavior as traders or due to a contingency such as failures in the internet connection, electric power outages, broker failures, etc. You can find "Open Risk Control Page" in DAS Trader Pro Account window, just right-click in any row of that window and Risk Control Page will open as a popup browser window to let you update your risk control settings. Some considerations: 1. This configuration works with real accounts and simulator 2. You can deactivate settings "Risk Control Page" anytime by leaving all in blanks and clicking SUBMIT 3. When you are using DAS linked to IB, or simulator, the Risk Control settings are handled by DAS. DAS staff updates your settings manually (the form is emailed to them) anywhere from 2 to 30 minutes during business hours. 4. In LOSS fields, enter a positive number. 5. “No new order” avoids orders for the current day 6. “Pos Loss” = Position loss. 7. “Enable Auto Stop” will automatically close your positions when you hit the Max Loss / Total Loss. 8. “Max Share - Max auto stop execution share per day” = How many shares can be sold / bought by the Auto Stop mechanism. 9. “Max Auto Stop Order Size” = Maximum size per order made by the Auto Stop mechanism. 10.“Delay for next order if exceed max order size (sec)” = Time between orders if the Auto Stop needs to place multiple orders to close your positions. 11. “Stop Gain Account Net Realized PL Thresh“, “Drawdown Percent of Max Net PL“ , “Pos Stop Gain Thresh “ and “Drawdown” - Like Auto Stop but for gains. The threshold is the profit the Stop Gain is looking to hit, the Drawdown is how much it can drop from that target before your positions are closed. Example, you set a threshold of 2000 and drawdown of 20(%). When you make 2000 in P/L, the Stop Gain will trigger, and will close your positions if you drop 20% ($400) from that value, closing you out at $1600 Net P/L.

Hi everyone, I've seen most people calculating shares to trade as a quick estimate. I like to trade a fix risk percentage for risk management and my brain unfortunately struggles to do the calculation in one second! Below is script for buy and sell that you can configure a hot key with to automate the calculations for you. What is important is that you enable 'Double click to trade' in your chart settings (Configure). Double clicking on any area in the chart will save the Price, which is your stop loss price. The script will then calculate the amount of shares required, and open the trade for you in one go. The 125 value in the script is the $ amount you want to risk. Change this as your account grows. Hope it helps, and let me know if there is a bug in the scripts. Buy Price=Ask-Price + 0.01;Share=125 / Price;ROUTE=SMRTL;Price=Ask+0.10;TIF=DAY+;BUY=Send Sell Price=Price-Bid + 0.01;Share=125 / Price;ROUTE=SMRTL;Price=Bid-0.10;TIF=DAY+;SELL=Send

I shared my 15-minute Reversal Strategy on the YouTube Channel. As Marcel pointed out in the comments, you really want to see the volume come in on that new 5-minute high. More volume should pour in when that candle also brings in a new 15-minute high. This will give us the momentum to the upside. I will be adding examples of this strategy that I saw in recent memory. Please feel free to post your own!

I’m thinking each chart should confirm another chart .. my confusion is on which chart am I looking for a pattern ? 5 min and use 1 min as a confirmation ? thanks

$CAR - Aug 8, 2018: Reversal in-progress. May make it back to VWAP. 15-minute chart bottom on some sort of hammer. 32.50 nice half dollar for support. 5-min chart hammer and then new high. 1-min chart MA's crossing after a bull flag.

After I researched a lot and checking different set up finally i came up with this set up Computer: I have been using Apple computer for more than 17 Years so i had to purchase pc so i decided go with Laptop my budget in begging was around $500 and i ended up to pay $1622 ( huge mistake ) i should have bought Desktop and i could have purchased best pc in the market I got DELL XPS9560 15"6 ultra thin and light laptop with 4k touch screen here is the specification from Amazon: Dell XPS9560-7001SLV-PUS 15.6" Ultra Thin and Light Laptop with 4K touch screen display, 7th Gen Core i7 (up to 3.8 GHz), 16GB, 512GB SSD, Nvidia Gaming GPU GTX 1050, Aluminum Chassis Monitors: After i got Lg 34um69g for $337 and tested for one week i didn't like it and switched to two Dell monitors 24 inch which i love them for this notebook you only can have two monitors. Here is specification for this monitor: Dell S2415H 24-Inch Screen LED-Lit Monitor purchased on Amazon for $170 at the time of writing the price is $154 plus free shipping Mount: I got Huanuo Mount for $72 really like it !! so fancy here is the specification you can find it on Amazon HUANUO Dual Monitor Mount, Full Motion Monitor Arm Stand, Height Adjustable Computer Monitor Riser with Gas Spring, C Clamp, Cable Management for Two 15 to 27 Inch LCD Screens Mouse : After having lots of wrist problems and visited my PT for 12 seasons i finally invested in my health and purchased this mouse Logitech MX ERGO Advanced Wireless Trackball for Windows PC and Mac for $79 Ergonomic Mouse love it . worth every penny !!! Really cool feature that it has you can set up for my MacBook at the same time i can use it on my PC . Awesome feature they call it Flow so you are controlling two different system only with one mouse Adjustable Desk : purchased from Ikea it adjustable Desk with motor and really stylish looking BEKANTDesk sit/stand, gray, white for $ 409 Chair : since i have a back pain and had back surgery and can't sit i use zero Gravity chair which i purchased from Bed and bath and beyond for $40 I highly recommend for people like me who have back pain and can't sit for long time it is a remedy and finally my favorite hotkeys Elgato Stream Deck - Live Content Creation Controller with 15 customizable LCD keys, adjustable stand, for Windows 10 and macOS 10.11 or later purchased for $140

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.

I got in touch with DAS engineers and it turns out that it's not a bug (which I had also assumed it was), but actually a deliberate way to calculate VWAP in two different ways. On the montage, the VWAP is calculated by using every intraday price tick and weighting by volume; this is usually the textbook definition of VWAP and is what pro terminals like Bloomberg use. The graphs, on the other hand, weighting the volume during each candle against a price calculated using the (high+low+close)/3 of that candle. This is why for particularly volatile stocks, you'll see discrepancies across timeframes. If in doubt, use the montage's value.