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Showing content with the highest reputation on 05/30/2019 in Posts

  1. 4 points
    May 28, 2019 - Nothing - Didn't have time to post yesterday. May 29, 2019 - $AMD (Profit Target) What a day. I finally got an entry on $AMD short around 0945. I was looking at taking it near the open, but it didn’t reject VWAP. Later I was looking at it for a long, but again it didn’t hold VWAP to the long side. I got my entry on the next test of VWAP, although it was a little scary as it put in a double bottom, but once it dropped with volume I entered. Took my first partial at the moving average, which coincided with the double bottom. Second partial at my original profit target level, and held the rest to my second profit target. Overall it was a good trade, I usually don’t like trading the 15 min dojis, but everything else was there. Sample Set Results, S P P P P S P P S G G 12 13 14 15 16 17 18 19 20
  2. 2 points
    take care and there is always another day, i hope you can trade the next session
  3. 1 point
    Since 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.
  4. 1 point
    Thursday May 30th, 2019 sleep: 7 hours. Mood: good, ready to trade. trading from my laptop this morning so no 15min or daily chart to look at while trading. first trade was an ORBD on TEVA. got in at the break of the the low of premarket but it came right back up and i got out before i got squeezed GOOD: good setup, got out when the trade didn't work RFI: could have got out with less of a loss MOOD: good CONSISTENT: yes Next trade was an ABCD in BYND. it ended up making a double top and when i went to get out before my stop i doubled my position on accident. then i was too hopeful to get out at breakeven and held to my auto stop of $13. GOOD: setup was valid originally RFI: hotkey error and not getting out at dollar loss MOOD: fine CONSISTENT: no, not to plan then i took a revenge trade in BYND and got in short for only 5 shares. this one worked and it hit my range order profit. not happy about getting in on a revenge trade but my revenge trades rarely work so i don't think this one time will cause a habit. GOOD: range order and waited for my profit target RFI: revenge trade. MOOD: good CONSISTENT: no i didn't fully plan the trade. last trade of the day was a double top in TEVA. i had to get up so i missed my original entry on a new 2min low off the bounce of the PDH but it still hit my profit target. GOOD: setup, R/R, followed plan RFI: got in late MOOD: good CONSISTENT: yes, followed the plan. What i did good today: kept my emotions under control What i did bad today: Hotkey error and revenge trading What can i do better tomorrow: make sure to use the right hotkeys and never revenge trade.
  5. 1 point
    Thursday 5/30/2019 I had a well-being score of 6.5/10 this morning. My nerves were not good due to 6 days of not trading, my last day trading was one of the worst I had live and the huge FOMO I had with the nice moves I missed the past few days. I felt that it was inevitable that I will have a double stop out today. Since that was a powerful self-fulfilling prophecy, I traded half share sizes today. I took two live trades with FB. First trade I traded OK, the second trade I traded poorly. FB bounced off the 50MA and made a nice hammer as it broke VWAP. It had the minimum volume needed of 125K in 20 seconds. 300K in the first minute is the minimum to call it in play. I went long at the breakoff VWAP. It quickly made it to my first target ($183.50) and then quickly reversed. I tried to exit at B/E but there was some slippage and the trade was a slight loss. What it looked like when I took the trade: 1min The second FB trade was a disaster. FB was dropping fast and heading to an unusually strong tech level of 200MA+Daily Level+PDC. So I was going to go long the moment it touched it expecting a bounce. First mistake, I didn’t check the volume. After the first 20 seconds of the market open the volume dried up and FB was not in play, so no trades should have been considered. I did place the order when it touched the 3X tech level. It sure bounced. So much I lost 25 cents on the entry. The R/R is now bad, but it never crossed my mind to get out of the trade, though that is a rule and my second big mistake on the trade. I actually had a good 5 seconds that I could have exited with a small profit, but I held. When the price retraced to the tech level again I stopped out. It had a large slippage again so I had a 50 cent stop out, well larger than the planned one. What it looked like when I took the trade: 1min Both trades: My score card for today: What I did good today: My first trade was fine and at least I knew to go half share size today. How did I challenge myself today? Traded after a forced 6 days off. What I did bad today: Didn’t check for volume or quickly get out of a bad entry trade. I am hoping these errors are due to not trading for awhile. What can I do better tomorrow: Relearn my rules. Apparently, I forgot them.
  6. 1 point
    @RyanP Got your message in my email but the post isn't here, you may have deleted it. But to answer your question for all, I found creating individual price icons a tad cumbersome and just use the StreamDeck's labeling with these settings, it looks pretty good (see screenshot) and is very flexible. - Icon --> Version with the blank label space. (screenshot has: - Font: Microsoft Sans Serif - Size: 9pt - Vertical Align: Bottom - Color: #6fd519 [long, green], #3eb8ec [short, blue] - Show Title (yes)
  7. 1 point
    may 29, PL 95, 22 tickets it was not bad again but a lot of room for improvement shows up, my execution must improve a lot to take advantage of a winning trade. a trade that i unfortunately missed was goos, i went short but got an invalid share size error, not sure why. maybe it was something to do with that the stock was on SSR. need to look into this. i traded AMD first, i went long for an ORB but the price just stalled right after i got in, it looked like it didn't want to go up so i got out, then i thought it would at least go down to vwap so i got in short, partialled out and took last part when it crossed the 50ma, it didnt hold the break so i went short again just below vwap which was good but i always partial out too quickly so again i missed the good move. i really need to work on this, not sure how. later in the day, i wanted to short amd 1 more time, wanted to short it on the 9ma but my montage wasn't selected, when i noticed i got in quickly but i really shouldn't have don that. the moment i got i knew its a bad entry. i wasn't happy with it and i got out, earlier then my intended stop because it crossed the 9ma and i thought it might go higher again which it eventually did before getting more bearish again. i regretted taking this trade, i just felt like being in a trade and let myself get a bad entry. i traded roku at the open for an orb but again it didn't feel strong so i first got out 50% to reduce my share size, then got stopped out the rest, further then i wanted, my initial order didn't go through, it stayed in open order, i canceled it and send another order which got filled promptly. again, i need to take a look at my hotkeys. roku was called out in the chat that it was forming a wig, i agreed on that but i wasn't sure what to put as a good stop target and while i was wondering it broke out. i then though i will get in on a retest if it crosses the high of the day, it didn't really want to retest this level but i still got in, i didn't really catch a nice move but it was enough to pay for the earlier loss and the commissions lol. I really must work on my exits, having a good entry is key but where you exit has a huge effect on your profit. i feel this will take some time to improve. but i have to work on this, losses will definitely come again so not being able to capitalize on winning trades is a problem
  8. 1 point
    Wednesday 5/29/2019 I had a well-being score of unknown value this morning. My Garmin watch essentially said I never slept. My daughter had really bad nightmares last night and I stayed up with her until she fell back a sleep (but that was 5am - already passed my wake up time). So I thought it wise never to get near my computer this morning. Wow its now six days without taking a trade. The good news is my daughter doesn't seem too drained and looked normal by the time I dropped her off at school. Maybe she was getting a few cat naps in during the night. I hope everyone's trading has gone well this week. Too bad I couldn't join in on a few trades.
  9. 1 point
    Wednesday June 29th, 2019 Sleep: 7 hours. Mood: good, ready to trade. feels good to take a couple days away from the markets and recharge. First trade was a 5min ORBD in GOOS. good entry, but i only got partially filled because i was afraid of a pullback and never got a chance to add to my position. i didn't think to add to it on the way down which would have been the smarter move. sold half when it moved 80 cents in my favor and then the rest when i thought it was hitting the bottom. turned out it kept falling all the way to my original profit target. GOOD: good setup and entry RFI: sold too early and didn't have enough shares MOOD: good CONSISTENT: no, didn't follow the plan. then i tried to take what i thought was a double bottom in GOOS and got in long on a new 5min high. it couldnt get through the MAs and just kept slowly falling all morning. GOOD: got out at stop loss RFI: not a true double bottom, labeling this "no setup" MOOD: good CONSISTENT: yes, followed the plan last trade of the day is my newest setup that i'm calling bottom (or top) fishing. what i do is put in a limit order 5 cents above the LOTD and hope for the price to test the low but then head back higher. with the limit order is a market stop 10 cents from my entry. Once i'm in the trade i switch to a range order of 3:1 risk reward to replace my original stop. my thinking is that i'm always trying to guess the trend change and double tops and bottoms are major reversal signals so i should in theory get some really good entries with this method. I tried it out today on AMD and it unfortunately did not work. i'm going to do more forward testing on this because i think it has a lot of potential to be a good setup i just need better parameters. had i done the double top in AMD today at 10:28 it would have worked beautifully. GOOD: entry and setup and stop all mechanical RFI: need to make better parameters (ie. maybe look for double tops and bottoms on the 2min not the 5min) MOOD: good. CONSISTENT: yes What i did good today: took all setups, kept emotions in check What i did bad today: second guessed my ORBD and cut a winner short for a losing trade. What can i do better tomorrow: don't sell the first half of a trade too early that's going in your direction. only trade valid setups.
  10. 1 point
    It's not much but it does the job.
  11. 1 point
    May 28 2 trades pl80 It sounds ok but I’m not really happy with this days trading. I let opportunity slip by. My psych wasn’t all that great, I felt good though and was eager to trade. I actually changed my account to live before the open. Perhaps that was why. But it turned out that I had a very good market feeling today. Just not the confidence to act on it. I was watching amd , roku, and momo. I seriously thought about scalping roku for a long at the 50ma in the first minute but couldn’t pull the trigger, could have been a good scalp but also risky so I didn’t mind not taking this. So at first I went long on amd, that was good however when I decided on a stop loss I actually pressed my hot key for twice that amount of stop, so half share size which was quit ridiculous really. It wasn’t a hot key mistake either. Not really sure why I did that. No confidence probably since I had changed it to live account . I got out way too fast it turned out too, it was still an ok move however because of the wide stop I didn’t even get a 2R on it. Such a waste. I kept on watching roku and about 3 times I was thinking , now is good entry where I can get a tight stop but everytime I hesitated and offcourse the stock don’t wait for you. I love/hate this stock. It kicked me in the balls quite hard multiple times so that’s also what makes me hesitate to touch it but one can not deny the opportunities it gives as well. I took a longtrade on momo instead which was a bit more risky but it turned out ok though again I couldn’t get 2r but that’s just because the move didn’t really happen. Still I’m happy with this trade because I didn’t stop out even though I came quite close to it. I took low from previous candle as stop. I missed out on some other entrys to get back in amd and also the reversal, I saw a head and shoulders and I have been quite successful with this pattern. But again I didn’t get in, I had a price in mind where I told myself to get in 28,30but it missed it by I think 2 cents. That was really close enough I guess to get in. So a bit mixed feelings about this day. Maybe It was because I went back live, maybe I should have stayed in sim, maybe I’m not cut out for this, maybe one day I will... I never once thought about chasing the stock though so at least that was something I did good.
  12. 1 point
    Tuesday 5/28/2019 I had a well-being score of 7/10 this morning. My nerves were not good due to my poor trading on my last trading day (Thursday) and worried there would be platform issues with CMEG like there was Friday. And yes again I was unable to take any trades today due to issues with CMEG. I am uncomfortable making manual orders close to the open and my DAS setup does not allow a quick change to the routing on the Montage. I tried to take a 1min ORBU on FB and order was rejected. The entry point disappeared quickly so no chance for manual entry. Then I tried a 2min ORBU on AMD and as expected my order was rejected. It’s sad because both had nice runs. I haven’t got a trade to have a good run for two weeks. Plus I am slightly negative for the month and that would have brought to the positive and I had a really bad last day of trading I needed a good day to get my confidence back. It took me about 2 hours to get over my frustration, but then I thought this is what I need to get off my rear-end and change brokers (actually I use a stand-up desk so that’s just a metaphor). I haven’t had a hulk or max loss day in 4 months I think I can trust myself now with a larger account. I was waiting for CMEG to announce their counter offer to the Alliance offer. But in reality I was being lazy. It’s time to go with a better broker. With E-trade I was almost 50/50 with long and short trades. Now I am 90% long. Yes the market has been moving upwards, but still part of it is due to the lack of shorts available on CMEG. Plus, of course the commission costs are less than desirable for me since I am still trading small. What I did good today: Recognized good setups, though unable to trade them. How did I challenge myself today: Now applying for a Centerpoint account. What I did bad today: Got frustrated not being able to trade. What can I do better tomorrow/weekend: It’s been 5 days without trading. It feels like when I can’t go for a workout in a week. I need to figure out at least how to use SIM tomorrow.
  13. 1 point
    Traders from Venus: Loses are fact with no escape. One said " When you know what not to do in order to not to lose money then you will begin what to do in order to win" so trade smart with no fear! Money will follow you Above is my laptop work desk converted into trade station. Had it setup this week! Went with basics what was recommended in the BBT community site which is good enough to get the job done:)
  14. 1 point
    Just started to day trade in January this year. Got to say, Andrew’s books are like a torch that clarifies the world of daytrading for me. Along with all the videos made by members and contributors of BBT. Thank you so much for being so open about sharing your knowledge! God bless! Here is my VERY humble trade station. There isn’t enough time to juggle a day job, trading and workout when US market opens at 830pm local time. Hopefully the only thing I’ll be losing is the extra pounds.
  15. 1 point
    There are things you learn about your psychological self when you're on you trading journey that you wouldn't otherwise learn; like why you think the way you think, why you see the world the way you do and how that affects your daily life. I would never have connected these parts of me to trading but I've learnt that 80% of being a successful trader is in my thinking, and if I figure out the thinking part, consistency will follow. This has been an incredible realization. Trading is the hardest and best thing I have ever tried to do. Period.
  16. 1 point
    Family that trade together stays together. First day trade for the pups. Whatever it takes start 'em young.
  17. 1 point
  18. 1 point
    I had been interested in day trading for a number of years, but never knew how exactly to start. That all changed when a friend recommended Andrew's first book. It gave me a solid roadmap and understanding of what it means to day trade, and also introduced me to the amazing BBT community. I feel like Andrew is in a league of his own in terms of his authenticity, transparency, and honesty in an industry full of self proclaimed "gurus." I have been slowly learning in the simulator for about a year while of course watching Andrew trade every morning, and I couldn't imagine a better way to learn. I'm excited for where my day trading journey takes me. Thanks Andrew!
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