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Showing content with the highest reputation on 01/30/2019 in all areas

  1. 2 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.
  2. 1 point
    Jan 29th P&L After Commissions: -$30 Trades: 16 Shorts: 12/16 75% Did I Walk Away On My Own: No - Max Share Limit Stop Out Man oh Man, today was very interesting. I set out today to be in control of my FOMO. I believe that FOMO is the root of all of my problems. I will make a separate post regarding this. When I learn to control my FOMO, I will be a great trader. This is what I will be working towards going forward. I wanted to be in control today, I wanted to make sure that I started off green instead of red on the first trade, and I wanted to make sure I took A1 setups. I absolutely crushed my first few trades of the day, I have to say that this is probably the best I could trade. I was very happy with both my wins and my losses. I had ok wins, I didn't take anything that made an extreme move, but I did get winners and I had some great exits on my losers. I traded almost perfectly for how I trade and I couldn't have been happier. The problem was today was a tale of two halves. I was in control and I did not have any FOMO. It was until I hit my goal and continued trading that I triggered the FOMO and the day spiraled out of control. The goal of the day was controlling FOMO and being in control of my trading. It got off to such a great start. I missed a huge move by literally one penny. I put my limit order in on a SQ trade. This was my first trade attempt of the day. I had it set to $71.98 and I believe it hit $71.97. The next candle it dropped $1.5. (not pictured, I wanted to capture the screenshot and remove my limit order) That move alone would have made my day. I missed the trade, which is annoying, but it didn't upset me. I cleared my head and I let it go. I continued to patiently wait for entries. I am so proud of myself for doing that. The screen shot doesn't show it, but the stock dropped down to $70.50 on that very candle. I didn't get in on this trade, but I survived. I didn't let it bother me. I did a great job of controlling my emotions, but I did hit my limit, and my FOMO did kick in during the second half of my trading. The P&L chart is disheartening for today, but I will overcome it. I am proud of how I handled SQ and I will learn from this. This isn't the first time where I hit my goal and turned into a red day, and probably not my last, but I will take lessons from this day. I boxed the trades in Green where I was in a great mindset. As you can see in the blue box. My winners never went against me. 2 trades have a MAE of $0 and one has a MAE of $2. This is amazing for the MFE and profit I got on these trades. I was very quick to exit my losers. I had two losers in the morning, I exited them in 45 seconds at 18 seconds respectively for very minor losses. The 3 trades in the Green but not blue boxed are where after these the FOMO kicks in. I hit my goal with the blue boxed trades, but I was feeling good, trading good, and I wanted one more win. I will show you these trades later, and you will see how they got to me. Yellow is where I started to lose control. I wasn't trading well. I didn't stop out on VZ (held that trade for 1 hr 40 min). Red is where I have lost control. You can see the huge difference in the blue box in the red compared to the green. These stocks never went in my direction. The most they ever did was $6. They all went $25-$44 against me. The difference between my trading here is night and day. On both of these tickers, I swapped my position. The trading was downright bad. It was desperate trading. NFLX is double boxed red because my emotions completely took over. I have Das Risk controls that stop me out at 4000 shares. I was still in my VZ trade at the time and I checked to see that I could take 150 shares still before risk controls stop me. I do keep my share count hidden, but when I go crazy, I will check. My emotions took over and I went straight to TSLA and NFLX, knowing that there would probably be a great opportunity to make my 150 shares really count. I normally take less than 50 shares or so if I trade these, so I wasn't thinking rationally. You can see the huge swings of $95 MFE and a MAE of $65. The Green Box Caught a nice $1 move on NVDA. Thought it would break down farther. Exited slightly before break even. $FB - I asked myself, Is this a reversal? I said no it wasn't and decided that it was a great R/R short. I took at the whole number and the 20EMA. I would stop out for pennies or catch a $1 move. I added to my position on another pullback. Wasn't the best entry but still profitable. AAPL - Broke below and held below VWAP. This is where things start to fall apart. I didn't trade poorly (at least in regards to my P&L). I took two shorts, both were fairly good, but I exited both prematurely before the big moves that happened. Both had big moves happen very shortly after. SPY dropped about a $1 which is huge and NVDA dropped about $3. I know with the day I was having I would have taken profits on those earlier and I wouldn't have captured everything, but it did trigger me that I had big winning trades twice and I let them go. The FOMO kicked it and it was strong. The Yellow Box Here is where I started to trade emotionally. My AAPL trade wasn't the worst. Got a little scared and got out of the first attempt. Got back in and it dropped. I was very cautious with profit taking. I really wanted a bigger move. For the 3 place of profit taking I covered half my shares. Got out the rest at B/E. Only made $14 on 100 shares on a stock that moved about 50 cents. VZ - I lost complete control. I dont mind the entry, but I didn't have a good feeling with the price action, but I didn't want to stop out early like I did on SPY and NVDA earlier today. I decided to hold. I added slightly to my position and when it broke upwards, it broke hard. I made this same mistake yesterday and I didn't learn from it. It came back to where I thought would be a good point to partially exit. If I feel that way, I need to exit fully. I need to understand, its ok if the stock continues to come down after I exit. I need to protect my P&L. I sold 2/3rds of my position there. This is what I need to learn from this trade! I traded it very poorly otherwise. Doubled down multiple times and held with no strategy, just hoping it would come back down. I would have continued holding, but I had to exit the house. The Red Box These 4 trades are absolutely just sloppy gambles. The SQ long was really bad. I like to take it when ti breaks the 50SMA, but I took this below the 50SMA. This wasn't a good entry. I also need to exit even if that means exiting the trade a few seconds after getting in. Then I position swapped it short. I did the same thing with FB right after. If you check the overview for the day. It took me 10 seconds after exiting SQ to enter the FB trade. This is not in control trading! Same thing as SQ, broke the 50. Entered on the Restest. Exit and Then took it short. Red Double Box NFLX - Not the worst trade. I took it short. It broke under $330. I originally entered with 100 shares, felt confident and added 50 more. Stock moved my way, and held below the 50SMA. Took some great profits and I had my limit set thinking it would run down. It popped up on me and I decided to exit the rest at slightly above B/E. Broke even on this trade. The trade itself is whatevers. Not horrible, not great in terms of price action. The problem with this trade was the FILG attitude I had because I was on my last trade of the day. I took 3x my normal share size on NFLX and I was trading solely for my P&L. I had great gains, but got greedy and wanted more. I threw all caution to the wind, and it was super disappointing. This day had everything. I started off so well. I traded perfectly. I took great trades and exited very well on my losers. (Maybe I shouldn't even have been in those losers in the first place) It wasn't until I missed out on big moves that didn't even hurt my P&L, that I started to trade poorly. I need to control my FOMO. First I missed the big moves, then I had the VZ trade go against me hard. Those two combined set me off. When I lose control emotionally, I do not recover until the next day. I need to always be monitoring my FOMO level. I need to recognize when I am getting triggered and what it is doing it to me. When I lose control of my emotions, I need to walk away for the day. When I learn to control my FOMO and my emotions, I will be a great trader.
  3. 1 point
    Thanks for your kind words. A summary of COT analysis is published in the previous posts of our forum in the forex education section https://forums.bearbulltraders.com/forum/20-forex-education/ You need to created a free forex account on the forex trading page to access those. https://bearbulltraders.com/forex-trading/ Post your questions and ideas here and let me know if I can help. Cheers, Zack
  4. 1 point
    @Fernando Samora We've all been there! You are definitely not alone. I would suggest forgetting about that loss. The moment you start thinking about "making it back" is when emotions enter the equation again. Focus on trading small and trading well. Your recovery plan sounds like a good start. Also look into Risk Controls to prevent these types of days from occurring. Best of luck.
  5. 1 point
    Re: Over Buying Power Not fully tested so USE ONLY IN SIM for the time being, but this might work. Note that we have to do some tomfoolery since DAS doesn't allow actual math on a lot of things, so the roundabout way of doing this is to get around the limitations. I'll explain what's going on down below. This should load in the shares based on an equation of 1% of your account value. In DAS Simulator, Buying Power is 4 * account balance, so by default that's 25,000 * 4 = $100,000. If you wanted to risk 1% of account value as Andrew says (as the maximum, you may chose .5%), that'd be $250 dollars risked. Buy: SShare = BP * 0.25 * 0.01 * Price; Price = Ask-Price + 0.01; Share = SShare / Price; TogSShare; ROUTE=SMRTL;Price=Ask+0.10;TIF=DAY+; BUY=Send; SShare = BP * [reversing the leverage given, so 4:1 is a decimal of 0.25 = 25% of buying power] * [decimal of your risk percentage, 0.01 = 1%] * Price; Price = Ask-Price + [this is an offset in the initial equation]; Share = SShare / Price; TogSShare; ROUTE=SMRTL;Price=Ask+ [this is the fill-zone you use to make sure you get filled, Andrew uses 0.05 I believe] ;TIF=DAY+; BUY=Send; Sell: SShare = BP * 0.25 * 0.01 * Price; Price = Price-Bid + 0.01; Share = SShare / Price; TogSShare; ROUTE=SMRTL;Price=Bid-0.10;TIF=DAY+; SELL=Send; So what's happening (I'll use the Buy example, but applicable to both): 1) SShare = BP * 0.25 * 0.01 * Price; ---> This is setting a "Share Display" box to equal the BP * 0.25 * 0.01 * Price. It's worth noting that using the BP function (buying power) in DAS is actually divided by symbol price (so BP * 0.25 = $100,000 * 0.25 = $25,000 / PRICE). The 0.01 in this equation is the decimal for 1%. If you wanted to risk 2% of your account value, it'd be 0.02. BP = 100,000 / PRICE --> If Stock Price = $10, this would be 10,000 --> 10,000 * 0.25 = 2,500 --> 2,500 * 0.01 [1% risk] = 25 --> 25 * PRICE [$10 for example] = $250 --> $250 is the amount we're willing to risk on this trade. Side Notes: A) If you're wanting to do 1% of BUYING POWER, I'd recommend setting the "decimal of account equity" (0.25 up above) to 0.90, as this gives you a math cushion to not get rejected for lack of buying power. B) If you want to do a fixed dollar amount, you may need to play around with the ratios a tad. Setting SShare to a fixed price will result in the same issue of not having enough buying power in certain scenarios. 2) Price = Ask-Price + 0.01; --> Untouched from the original. It's essentially the Level 1 ASK Price minus the chart-clicked PRICE + 0.01 (offset value). For this example, let's assume we wanted the stock price on ASK was $10.00 and we clicked the chart at $9.95 --> Stop Distance = $0.05 3) Share = SShare / Price; --> Instead of the assigning the default 125 / Price (for $125 / Price), we use our stored value of $250 so it becomes $250 / Price. For the $10 example, this would be 250 / stop distance of $0.05 = 5000 shares 4) TogSShare; --> This toggles the "Share Display" box that we used to store our temporary value to off, releasing the variable. 5) ROUTE=SMRTL;Price=Ask+0.10;TIF=DAY+; BUY=Send; --> Unchanged from the original. Some Gotchas: We have to pass from float to int values in memory a few times [DAS wants INT for the display box], this will "lop off" anything after the decimal. e.g. 5.85 becomes 5. So it might not be mathematically exact, but close enough for our purposes.
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