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Showing content with the highest reputation on 10/29/2018 in all areas

  1. 1 point
    Hi, My IB account is in EUR because I live in France and I though it would be less risky than having a USD account (because of the EUR/USD fluctuations). Unfortunately, DAS TRADER doesn't manage foreign currency and I think I am oblige to have a USD account. I know I am not the only non US citizen trading on the US market (Andrew for example who is canadian). Could you tell me how you deal with this ? Thanks.
  2. 1 point
    Hello Everyone, I wanted to start a post for anyone planning to go live in November, or who has recently gone live in the past 30 days. I feel that sharing our trading experiences with others who are in the same place in their trading journey can be extremely helpful. After reading Andrew's books, listening to the classes, psychology rants by Robert, and lifetime webinars, I believe stating your goals, risk controls, and allowing yourself to be held accountable is vital to getting through the learning curve without completely blowing up your account. So in an effort to hold myself accountable, below is my plan for the 1st month along with the goals and risk controls to help me get through it. Live Date – November 5, 2018. I can’t trade November 1 or 2. Share Size – 100 Daily Goal – $20 (1/5 of my planned daily goal once I make it through the learning curve). Daily Max loss – $60 ($20 per trade) Goals for the Month 1 1. Do not blow up my account 2. Have a 2:1 ratio at the end of the month with average winning trade versus average losing trade 3. Have above a 60% average win rate 4. Daily goal is a metric to measure profit taking plan efficiency, not an amount to hit every day Risk Controls in Place for Month 1 1. Max loss: 100 2. Max Shares traded in a day: 800 Trading Methodology for Share Size Increase/Decrease 1. Increase share size by 50 shares every time I trade 5 consecutive days green 2. Decrease share size by 50 shares every time I trade 3 consecutive days red 3. After 3 consecutive days red, return to sim until 3 consecutive days green 4. If max loss is hit for any reason other than internet connectivity issues return to sim for the remainder of the month. 5. If max shares reached, return to sim for the remainder of the week. Looking forward to beginning the journey of live trading and tackling the infamous learning curve with some other traders. It would be great to see who else is going live and develop a support group. Thank you!
  3. 1 point
    Just a heads-up that we are trying to get DAS to add ATR and float to the Market View window as a numerical value. ATR should not be too tough since they are calculating that for the charts anyway, we shall see about float.
  4. 1 point
  5. 1 point
    I don’t post my wins or losses. Frankly, I find that distracting so I tend not to pay attention to those posts. I also don’t volunteer my watchlist, but I’ll share when asked. I’m there to learn and help where I can, but I typically help with general information and DAS related topics. I’m also knowledgeable about the ups and downs of being a relatively new active trader, as it relates to psychology, so I’ll sometimes share when it comes to that. As a new trader, I’m not comfortable giving trading advice or making trade calls. A) Many will post their wins, B) some will post their losses, and C) you’ll never REALLY know who is consistent because of A) and B) mentioned above. I’ve learned from Andrew (he’s the reason I joined a year ago) and I’ve also learned various things from Brian Pez, Robert H, Carlos, Peter D, William ADog, and Norm. The chat community is helpful for many, including myself, as there is an abundance of knowledge. You just have to figure out what info to take from whom. We can all learn a great deal from this community Jason W is my boo. We encourage each other to get in the room early, start prepping for the day, and get motivated. That, for me, is very important.
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