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Showing content with the highest reputation on 04/15/2019 in Posts

  1. 1 point
    Here is the working link: Do you see your STOP in the Open Orders window?
  2. 1 point
    Hello @Destiny I have been in simulator for over 4 months now and preparing myself emotionally to go live and (hopefully) not loose my deposit. I am planning to run with CMEG group, as everyone should start at some point if small account needs to be build. I will deposit $2500 so that I can get 1:6 margin buying power from the broker ($15K in total). While in sim, I have set up exactly $15K of buying power in DAS Trader platform and also asked DAS support to adjust commission fee to be $2.95 per trade (CMEG), otherwise by default I think commission fees are around $7 and buying power over $100K. I have set up the following schema for my trading: Risk per trade is 0.5% of my deposit, and not the buying power. So it comes to $2500 * 0.05% = $12.5, but I try to be really strict to myself and only risk $10 per trade. My risk per day is 2% of my deposit and not the buying power. So it comes to $50 a day, no more. Discussing #1. Risk per trade is only $10, for me that means either I take 100 shares with 0.10 cents stop loss, or 50 shares with 0.20 cents stop loss (my stop losses are always mechanical and not mental) . At the beginning I 'd been always taken 100 shares with 0.10 cents stop loss, but noticed that for majority of trades I would stopped out (especially on stocks with >$1 ATR). Discussing #2. Risk per day is only $50, and here I am also INCLUDING COMMISSION FEES, which means I can only do 3 unsuccessful trades ($30 loss) plus around $18 commissions ($2.95 per trade * 6 trades = $17.70). For me it's very important to include any commissions and any other additional fees (ECN) into my total daily loss. The most important point for me is to be as close to reality while trading in simulator. To be honest, the majority of days I'm red as tight stop losses prevent me from surviving pull backs... P.S. I never look at my P/L while trading, only after all trading is done (usually in the evening when I get back from day job).I look at the account report section, where it will show you exactly how much money you earn or lost. Hopefully that was a little informative for you 🙂
  3. 1 point
    Ah... I'm getting in the mojo. 5th day positive realized, but still having some negative p/l days. (Near break even mostly) Not many commissions but once I bump share sizing up I think some of that will balance out. Didn't make any mistakes today, although I missed a few moves I watched but decided to not take. Got in too early on $MU twice, but finally caught the move to make up for losses. Still working on my short bias, but I'm getting closer to a neutral state each day. Also, still working on my moving average trades. On $MU, I feel like my first attempt was good because I was trying to catch the move. My third attempt is an obvious view on what I was attempting to catch the first 2 times. Worked out perfectly. I chickened out on $WFC the second time and missed a good move. Great trading day I'd say. These wins outweighing my losses is helping my confidence knowing that what I'm doing is working. I'm off to study these charts more. $MU 4/15/2019 $WFC 4/15/2019
  4. 1 point
    Monday 4/15/2019 I had a well-being score of 5/10 this morning. Nerves were better, still not good, but definitely better. I took two live trades today with AAPL and DIS. I was watching DIS on my main screen since AAPL/MU/AMD did not have volume in the premarket. Then the volume came in on AAPL with 400k in the first 30 seconds, so my attention turned to AAPL. Then about 30 seconds later MU had a really good “Vish” setup so I switched my attention to MU. I was ready to go long if it broke the 50MA on the 1min chart. But it didn’t and my attention went back to AAPL. AAPL had a “mini ABCD” setup and went long at the break of the 2min candle body. I took my first partial at the HOTD, which was only 10c away. It’s not a rule to take a partial there, but I notice I don’t regret it when I do. Then the price tried to break the 199.82 too many times unsuccessfully that when it touched it again I took another partial. Then all out at B/E. The next trade was a 5min ORB with DIS. It had an ABCD formation within the 5min. I went long when it seemed to have bounced from the 9MA which was at the same time as the break of the 5min candle body. Since DIS is at an all time high, I only had the high of the day as a target. In these situations I will use the high of each 1 min candle to take a partial until I ran out of shares. What I did good today: I really liked trading outside of AAPL/MU/AMD that alone made DIS an interesting trade. How did I challenge myself today? My finger was right on the buy trigger for MU but the final criteria of the setup was not satisfied and I didn’t take the trade. What I did bad today: That was a “B” setup on AAPL. At least it was a setup, but probably should have let that one go by. It just happen to be a small winner by luck. What can I do better tomorrow: Still need to get better letting so-so setups go by. On the positive side, if I am starting to be concerned about taking the “B” setups maybe my issue of taking trades with no setup has improved.
  5. 1 point
    Your welcome. I think the best thing about DAS is the hot keys or hot buttons can be scripted. To help reduce hotkey mistakes I use hot buttons now, but it doesn't matter with the script. You can create as many hot buttons as you need. So I measure the dollar difference between the planned entry price and the the planned stop out price, for this example lets say its 10c and then I click the button I have that has written in big bold letters "Buy 10c". The script for that button is: Share=360;Price=Ask+.05;TIF=DAY+;BUY=Send; Every month I increase my risk (if I had a month that I was disciplined enough) and this month is $36/trade. So my 10c risk is scripted to buy 360 shares. And thus my 15c button is scripted for 240 shares. I have a lot of buttons, some in the dollars (I do trade TSLA sometimes), so you may want to use hot keys. Mine are labeled and color coded so it works well with me.
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