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Showing content with the highest reputation on 05/11/2019 in Posts

  1. 2 points
    10.May.19 I had the following on watchlist, $ROKU, $JD, $AMD and $UBER. I specifically wanted to trade $UBER today, after the IPO. So, saved my one trade for that. $UBER opened low and pulled up. I took an entry at the break of 2nd 15 min candle, then realized I didn't change to my Live account, it was still SIM. I didn''t want to chase the entry now, so I passed it, it turned out to be a good trade in SIM. I was watching $AAPL, saw consolidation flat top and the price breaking. Went long but got stopped out. $SPY was dumping and $AAPL followed too. Good: I was watching very few stocks and Premarket action also. I didn't chase $UBER after my SIM trade. No FOMO or revenge trading. My Partials on $UBER were good. Improvement: Check the montage settings more carefully. $UBER Trade: $AAPL Trade:
  2. 1 point
    May 7 through 10 I observed a valuable lesson this week. Just like in life, to do something well you must be focused on it and can not just do it to do it. In trading this can have some serious consequences. For the past four days, I have been forcing trading. By this I mean, I had time to conduct my pre-market routine and trade the open, but my post market routine and reviews I could not get done, because of the enormous amounts of other things in my life going. The overwhelming feeling of being over tasked definitely slipped into my trading this week and I am just glad I was able to maintain my discipline with risk management which help persevere my capital. In all I took 6 trades this week 3 on Monday and 3 on Thursday, all of which were outside my edge. My results were 4 stop outs, 1 partial, 1 hit profit target (although my execution was terrible, so I gave most of it back to my broker). Now for the good news, next week is a new week.
  3. 1 point
    Friday 5/10/2019 I had a well-being score of 6/10 this morning. My nerves were fine, which is odd since I am usually a wreck on Fridays, which is the day I give all my hard earned profits back to the market. Took two live trades with AAPL and AMD. I could already tell from the premarket that I will be trading either AAPL or AMD in the first minute of the open. AAPL opened and took a nice bounce off of premarket lows. I was thinking to take a “Vish” setup as it broke the 50MA. But since it was Friday I really wanted to follow my rules and setups. The 50MA is not considered a major TL <2min of the open, thus it is not a correct “Vish” setup. So I let that entrance go by. As it passed the 50MA the body of the candle became large enough that it was no longer a “Vish” setup and can only be a “simple” setup. To be a “simple” setup the price MUST break VWAP. So I waited. When it broke VWAP I went long. I took a little smaller share size due to how early the entry and that it was Friday. I partialled at the daily level at 198.28 and a second partial when the price stalled. The price then reversed and I exited the trade at B/E. It was a small winner. What AAPL looked like when I took the trade: 1min Chart 5min Chart Soon after I saw AMD setting up for a “step” setup. Though my back testing has prohibited taking this setup on AAPL, the data says it is still a valid setup for AMD. I was waiting for the break of the 27.20 level and the finish of the 2min candle. My target was a bit close at the 27.39 level and S/O at VWAP. This only gives a R/R=1.6 so I was going to take a reduced share size due to the R/R and again since it is Friday. But as I was waiting the volume came in and when the price broke the 27.2 I switched and went full share size. Though this is the correct share size for VWAP as my S/O, that is a bad idea. So the price retraced a little and since its Friday, where I always give my profits back, I immediately loss my nerve and exited. If I stayed with my original planned share size it would have been more likely I would have stuck to my planned S/O and had a really nice run with AMD this morning. My score card for today: AAPL AMD Total 92% 72% The setup on AMD was fine but the management of the trade was terrible. Oddly, this was still considered a much better than average Friday. I am at break even for the day and I didn’t give all my weekly profits back to the market. What I did good today: Took good setups How did I challenge myself today? Waited patiently for the setups to finalize. What I did bad today: Terrible trade management on AMD. What can I do better tomorrow/next week: Will make small share size a rule on Fridays until further notice.
  4. 1 point
    Very nice Trade Sheela. And you are right, the Higher Highs confirm the continuation of the trend, esp on the 5 mins. Also note that on the 1 min, candles 4, 5, 6, 7 and 8 are forming a flag pattern, when the 9th candle breaks the flat top, with increasing volume, then it's a good indication to go long.
  5. 1 point
    Vikram.Aditya, Adding to your comments, below is what I see. I took this trade today along with the most of us in the group. I have 1min/2/5 and 15 which I don't use much. But 1/2/5 are being very helpful so far. From below, 1Min chart it has 2nd(31 Min) and 4th(33 Min) are very bullish candles confirming with the bullish volume on pushing the price higher. After that it got into consolidation and got into bit choppy. That is when I look into 2 min chart, if that does not support then wait for 5 min chart to form and look for better confirmation. From below In 2Min chart I see the second candle(32 and 33 min) is making higher highs and higher lows with bigger bullish bodies and wicks at the bottom which confirms the price action is pushing higher. And later it formed little pullbacks for entry if missed at the second candle on 2min chart. But did not thought the price action would extend that far. It was good trade today, stay green
  6. 1 point
    I've been a member of Bearbulltraders since October 2018. I read Andrews first and second books in September along with a few other ones and I am really glad I did, his books are well written and well thought out and really gives you the tools and basics and most importantly rules and setups. I then wanted to join the community and see what real trading was like, I didn't even have a platform or setup yet, it took me about a week to realize this was not fake or a money making scheme. I then knew it was going to be something for the long haul and so it made sense to get the lifetime membership and so I did and I have not regretted it since. This is definitely not a get rich quick type of deal, it takes hard work day in and day out, but the people in this community are there to help and make it easier and they have! There is so many people I want to thank from Norm, William H, Robert H, Carlos, Brian, Abiel, I'm sure I'm forgetting people and of course Andrew who of course without him, none of this would be possible. Thank you guys so much! -Seth Aldrich
  7. 1 point
    Great trade Mark, you really let that run.
  8. 1 point
    Hi Tommy, Risk Controls are not available for BBT sim accounts, we are working with DAS to enable it.
  9. 1 point
    Lee you are a true legend of this community !!! Thank you guys so much !!! So now we can see that IB's fee is consistent. But some trades will have a third party fee. The question now is when do they occur ? and under what conditions you will be charged a third party fee ? I'm not even sure if its optimal to worry about fees when we trading. But those first two trades i made, I press the same hotkey twice, only 3 seconds apart. One trade has a huge third party charge, the other one has none.
  10. 1 point
    Robert is correct. Jason, here's what you do. Log in to the IB Acct Management page. Go to Statements. To the right, you'll see Create Custom Statement. Click that. On the next page, give the statement a name (maybe Commissions and Fees). Under "period," choose Daily. Then, in the "sections" at the bottom, click Commission Details. A check will appear showing you've selected that one. It is the only one you need to select. Next, mark any of the "Section Configurations" you want. You don't have to choose any. Click "continue" at the bottom right. You'll then get to review you choices. Click "create" at the bottom right. Next page, click OK. Next you'll be taken back to the Statements page. You'll see the custom statement off to the right. Click the little arrow to the right of the statement name. It will run the statement for whatever date is in the field (in the list of fields). This report will show you the total commission as well as the breakdown of broker charges and third party charges. Hope that helps!
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