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Showing content with the highest reputation on 03/05/2019 in Posts
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4 pointsTo anybody that's interested, Andrew, Norm, Carlos and Ryan will be in town for the NY Trader's Expo. We plan on having dinner at 8PM on Sunday, March 10th at The Irish Pub in midtown Manhattan (837 7th Ave, New York, NY 10019) This is an open event and all are welcome to attend. There's no need to RSVP. We will be there hanging out and looking forward to seeing anybody that wishes to hang! If you have any questions, please reply to this topic.
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4 pointsGreg, I know exactly how you are going thru. I was in SIM for over a year before going live, yet I lost $8K in the first week. Went back to SIM after a month, came back lost $10K more. This is called "addicted to action". My suggestion to you is to read and put to practise Mark Douglas principle in "Trading in the zone"if you haven't read it yet. It is not completely a discipline problem because I considered myself to be very disciplined person. I played very advance electric guitar and bass. I trained many year in free style kick boxing. The kind that your couch pushed the sand bag at your face until your nose broken. You just wiped the blood and continued. I could lock myself up in a room for 4 hours straight to read technical books like Cisco or Juniper. Those books are like eating cardboard. Those skills take serious discipline. But you can see that I am not better than you when it comes to trading because of the instant gratification. However, I realized that trading is psychological in nature. How we trade is a reflection of who we are. If you're frustrated, the stock will creates event that caused you more frustrated. I am stable now for a few months. This morning I trades 2 stocks only and made $800. Most of the time, I trade just one stock and make average $500. Here my suggestions to you. 1. Don't come to the market to try to get something or to fight. Come to the market to look for opportunity. Tell yourself, I don't have to trade today if nothing good. 2. Plan your own trade by join Carlos in pre-market. FYI: Talking about lack of sleep. I left work and got home at 1am PST every day just to wake up at 5:15 to plan my trade and go back to sleep around 9:30am and again wake up at noon to go to work. So I am with you regarding lack of sleep. I've done this 1 1/2 year now. 3. Before market open, do deep breathing exercise by closing your eyes and visualize something fun and happy while taking multiple long deep breath. I ALWAYS nervous before market open. So this will help me relax and not too jumpy or anxious (FOMO). Remember, how we feel will attract the same result to us. 4. I choose "CONSISTENT" over making money. The moment I got my first win, even if it's $50, I shut DAS and my PC down and go to sleep. I don't care how many good stocks are in play. This will reinforce your inner strength because you do what you said you're going to do. It's not easy. But after 2 weeks, it becomes natural. We make habits then habits make us who we are. Be strict with your rule but flexible with you outcome. Everything else you seem to get them in control there. Hope these help. I will add more when I can recall what I did back then to stop this kind of compulsive aka addicted to action. I can tell you this, when your mind is calm and you don't try or struggle to win, the setup will come to you. For me the winning trades are obvious and easy. I see what I need to see and get in right on the money and ride it all the way. In the past I would flip my position 10 times on the same stock without even knowing that it's consilating or being choppy. I just know one thing "I got to win". That's how bad or stupid it was. Looking back I can only laugh at my dump behaviors. I wanted to win at all cost. The market thought otherwise. To me because I did so well in the SIM and when it comes to live trade it did not work, I could not let that happen. I am no where near perfect yet but I am on my way. I wish you the best !!! Johnny
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2 pointsMarch 4, 2019 - Nothing today - This month I am adding one element to my trading. I am know trading 5 min ORBs in simulator prior to the 15 Min ORBs to see how it affects me. My goal is once I complete the remaining 6 trades, that I will then start a new sample set that incorporates both 5 min ORBs and 15 Min ORBs. It was definitely a little different today trading both. The trade you see was a bearish engulfing crack that I tested my hotkey out on. I setup a hotkey that allows me to have my montage on my live account, but when I hit the hotkey it will enter a simulated trade. I also realized after today that I need to have a cover/sell hotkey that does the same thing to prevent getting into a trade I did not intend to. Sample Set Results P G S G S 6 7 8 S S P G G 14 15 16 17 18 19 20
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2 pointsMonday 3/2/2019 Well being score of 5/10. My nerves were really high due to a really bad week of trading. My two allowable trades were with AAPL and JD. I took a 2min ORBU with AAPL. My setup checklist: I was planning to enter the AAPL trade when it broke the 176.11 tech level. Though not mandatory for the “Simple” setup since it was a premarket level (in yellow) not a daily level. When it bounced strongly from VWAP I entered the trade under the tech level. Nerves were really high during the trade, though setup was good, checklist was run through before the trade, S/O point was chosen, and share size was correct. But, didn’t matter, nerves were still shot. Without good TLs to take profit I chose 1R, 2R and 3R. After a good trade I do allow myself a second. I was looking for a 5min ORB, but AAPL was setting up the best. But I don’t really want to trade a stock I just did. So my attention went to JD which had a very bullish 5min candle. Now I don’t have the 2min ORB rule for Vish setup (need to break a TL) on my 5min ORB setup. Maybe I should. I do use Andrew’s rule that it must break the body of the 5min candle. So I had a stupid conversation with myself, that if I wait for the 5min candle break or the TL break I will no longer have the 2 to 1 reward to risk satisfied. Thus, there is really no setup. Instead I took the trade before the break of the 5min candle while we has a 2/1 ratio. If you have read my journal entries from last week, this is not the first time I have done this. To make things worse I took the wrong share, to the high side. Which made a bad trade worse. I have been having issues with share size recently, but to the low side. Checklist (I currently don’t use the “momentum power” requirement that I use on the 2min ORB). The trade did not satisfy the checklist. What I did good today: Stuck to my 1+1 trade/day rule. Stuck to my 9:31:45 EST rule. Had a good trade with AAPL. Did perform a checklist double check right before my first trade. How did I challenge myself today? My nerves were through the roof today, but still controlled them and traded. What I did bad today: Broke a veto rule again! What can I do better tomorrow: All veto rules must be followed. They are stronger than setup rules.
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1 pointSince 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.
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1 pointTuesday 3/5/2019 Well being score of 5/10. My nerves were again really high due to a really bad week of trading. But, they calmed down alot when the opening bell rang. My two allowable trades were with CTRP and KSS. I took a 2min ORBU with CTRP. My setup checklist: I did wait a few extra seconds after it broke the tech level to make sure I was passed the 9:31:45 EST trading rule of mine. CTRP had a bullish 2min candle and must break a TL to be a valid setup, which it did. It also showed respect of the TL so it was “powered” as well. There was a TL just above my entry at $40.07. But I tend to think of TLs near the dollar mark as weaker, since it might have been a misplaced line that I drew and the real TL was at $40. I consider dollar marks for stocks over $10 not that powerful. So the trade was on and my stress decreased. But then just after I took the trade I hear Andrew on the chat saying he is looking at CTRP, but he is waiting for a pull back. Uh oh! So I assumed I entered too early. But then Andrew took the trade not long after I entered. So the price hit the $40.07 level and bounced from it. Uh Oh! Retraced quite a bit, but still above my planned S/O. I do have a bad habit of not trusting the levels I draw. It finally broke the level and I took some profit at my first target. It did not reach my 2nd target. Then I exited at B/E. Share size was fine as well. My second trade was with KSS. I had no idea, until I reviewed the trade well afterwards that the 5min candle was the size of ATR. Which vetoes the trade. But I don’t think the candle size was that large today. The 5 min red candle at 9:20 EST was much larger giving the appearance KSS can easily move today. So I don’t think that was that bad of a mistake. I like the bullishness of the 3 last 1min candles. So I was going to wait for the 2nd 5min candle to break the body of the first or have the price break the 69.15 level I had marked. When it just barely broke the 69.15 level it immediately recoiled and I got stopped out below VWAP. So the question is, did I really wait for it to make a clean break at the tech level before entering the trade? Or I didn’t wait for the clean break, or it didn’t happen and I should not have entered the trade. For some reason what was going through my mind was a little cloudy on this trade. Usually I can recall well. So when I watched the video, I see I clearly took the trade before it broke the TL, breaking a rule. Since I don’t remember what I was thinking on this trade. I am listing it as a veto rule violation and bad trade. After KSS finally did break the 69.15 level it had a good run. So the trade plan was correct, just poorly executed. The setup: What I did good today: Stuck to my 1+1 trade/day rule. Stuck to my 9:31:45 EST rule. Had a good trade with CTRP. How did I challenge myself today? My nerves were still really high, but still controlled them and traded. What I did bad today: Broke a veto rule again! And must have traded off of emotion because I don’t even remember what I was thinking when I entered the KSS trade. I remember the plan but not the entry. What can I do better tomorrow: Going to say it again. All veto rules must be followed. They are stronger than setup rules. Also I should trust the levels I draw more. Over the past couple months I have noticed I seem to place the levels correctly. But I sometimes ignore them, thinking I’m a rookie so it was probably not correct…. Then it bounces off the level…. This week seems to be starting like my first 3 months live. I make money at the open and then I give it back to the market. Part of the reason I was positive in February could have been simply due to my one trade rule. So I make money at the open and I have no chance to give it back. Anyway at least my 2min ORBs trades pay for my learning curve on my 5min ORBs.
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1 pointTuesday March 5th, 2019 Sleep: 7 hours. Mood: feeling unmotivated today. First trade of the day was an ORBD in CTRP. I wanted to get in around $49.70 but it fell so fast i chased the entry and got a horrible fill. it really didn't break the LOTD and i should have bailed but didn't and got stopped out for a full R. GOOD: got out at my stop. RFI: chased the entry MOOD: indifferent CONSISTENT: got out at stop Next trade was not a setup in TGT. I was waiting for a new 5min low around VWAP for a reversal back to the LOTD but i thought it would be better if i got in on a new 2min low instead. I got the lowest price and the trade never went in my direction and i froze getting out and lost almost 2R. GOOD: got out on my own, no auto stop RFI: no setup and let it run past my stop MOOD: dumb trades get dumb results CONSISTENT: no. Last trade of the day was another no setup in TGT. i waited for a pullback to around $76 risking the VWAP at $75.75. i was hoping for the break of the HOTD and then going to the HOPM but it triple topped and couldn't break the HOTD. instead of getting out on the price action i held for my stop and got stopped out. GOOD: set a range order for my stop RFI: no setup, could have bailed on the PA and actually taken it short on a setup that you trade. MOOD: out of it today. not in the mood to trade or do anything. CONSISTENT: yes i got out at my planned stop but i could have saved money on this trade. What i did good today: Quit trading at max loss What i did bad today: no setups and let my trades run past my stops What can i do better tomorrow: Review my setups tonight and tomorrow before the open. Other comments for tomorrow: goal for the remainder of the week is to not miss any stop losses.
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1 pointHi Rob, No worries. the average risk to reward is the average of the planned R to R on all trades for the week. points are calculated by me and they're subjective but it's supposed to be based on these rules (sometimes i screw up how many points i give a trade): Trade Point System · Defined stop +1 · Defined profit target +1 · R/R above 2.0 +1 · Out of trade at stop or goal +1 · all exits over $0.30 from entry bonus +1 · sell past stop or violation of consistent winning rules erases all previous points
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1 pointMarch 1st (Sim) P&L After Commissions: ~$113(SIM) Trades: 7 I went back to sim for today as planned. Again I traded very well. I kept my losers small and let my winners go. $ZS - I'm really proud of this trade. I took this as VWAP trade. I missed the entry on the minute before and didn't think I would get an opportunity. I was fortunate for it to come back down to VWAP so I entered. I really liked the entry because it above all moving averages on the 1 min and 5 min and was a bullish engulfing crack. I felt this a very safe entry. I still went smaller share size regardless and took profits as it moved up. I was managing the baby at the time as well (which is something I shouldn't be doing) so I decided to exit fairly quickly with profits. $GPS - I had an immense feeling of regret as I entered GPS the second time. I first took it short for a VWAP break, but since I was trying to be really protective of profits, I exited out of that trade right away. I knew I got scared out of it and as it was coming back down I reentered. I did not get an entry I liked and I was worried that I would have the issue where I got out of a stock for a loss and reentered the same trade to take another loss and in this case since I had a poor entry it would be a bigger loss. I couldn't stop thinking for the first minutes of this trade. I almost considered exiting at B/E, but decided to stay in. It never broke my original entry point on the first trade, so I didn't exit. I sold on the way down hoping for the break of low of day, but eventually had to stop out on the way back up. $SQ - Tried 3 times on this trade. I could have been done for the day after GPS. I first took it short and exited within the same minute. Then swapped my position to long and got out at B/E. I then stepped away from the computer for a few minutes to take a break. I am not happy about my decision making and impulse control but as soon as I got back to the computer this looked like an obvious short to me so I had to take it. I was planning to have been done, but I took it regardless. Worked out, and made almost $50 on the trade. Overall a great sim day and I am very happy that I've been trading much better since I got to sim. I will be going live again on Monday and staying live. I need to bring this patience to my live trading. I'm not sure if I will be continuing my journal here. My yearly membership is expiring next week and I wasn't ready for the expenses of a lifetime membership. I was expecting to renew on a yearly basis. Still debating on what I plan to do moving forward. Just a heads up if you don't see me post anymore.
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1 pointWelcome alexander.razmadze and Destiny! Yeah, there was an official meetup last year. Maybe it's time for another one though... If it's not time for a full on official meetup, maybe we can do a mini meetup. I work in Concord, and am available late Friday morning / early afternoon, or just about any time on the weekend except late Sunday afternoon/evening. Maybe we can find a place that's central to all of us...
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1 pointSome DAS trader manuals / guides: DAS Trader User Manual DAS Scanner Chart Studies in DAS Trader Allocation Manual Running DAS Trader PRO from Non-Windows OS (2014) DAS Trader Trigger Order Guide DAS Trader Hot Key and Command Script User Guide Add Routes to Your Montage Manual