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I was getting burnt while taking the conventional ORBs at the open. It affected my pshychology when my first trade of the morning fails, even when I think the setup was perfect. For e.g, A beautiful strong 1min open candle on $TIGR below, with no wicks, I went Long and got stopped out. If my first trade fails then it becomes a catchup to overcome the losses and then achieve the daily goal, and my pshychology gets messedup. I found some ways to narrow the ORB setup down to a level which offers high accuracy and would like to share this strategy "Pullback ORB with Breakout Entry"|. I have tried this out for the last couple of months and it has worked very well so far. The reason for this setup: I wanted a high accuracy setup at the open. I don't like overtrading, I prefer one and done, if possible. I am time constrained during the day. I can trade only at the open for 30-40 mins. And I am not good at Trading reversals. About the setup: This Pullback ORB-Breakout Entry works very well with @WilliamH Harmonious Charts. Step 1: At the premarket, find a Harmonious setup, where the price action is above (or below) all the MAs on multiple timeframes 1, 2, 5, 15, 30, 60min and Daily (most of them, if not all). I prefer when the Harmonious chart is also ATH/ATL (All time High or Alltime Low) Step 2. Pullback candle: At the open, Watch the 1min chart for the first 2 mins. Check if the 2nd candle is a Pullback Candle. Then it is an Alert. E.g Below. Step 3: Breakout Entry: Wait for the 3rd candle to break the previous 2 candles high (only bodies, no wicks) and take an entry. E.g Below. Step 4. Profit Targets: This is usually high RR setups, some times as high as 3-4 RR and a good candidate for riding till close. Step 5. This pattern/Setup works as good when it occurs on 2min or 5min timeframes too. If step 2 doesn't occur on 1 min chart, switch to 2min chart and watch for the pullback candle on 2nd 2min candle. Continue Steps 2-4. If it doesn't occur on 2 min, switch to 5min chart and continue steps 2-4. P.S: Harmonious charts - Sometimes you may find higher timeframes as Harmonious and smaller timeframes not harmonious, Wait for the open to see if the price action becomes Harmonious on these smaller timeframes too. Contrary to other setups, this setup works well when it appears on smaller timeframes. Eventhough it may appear on 15 or 30 mins, the setup may not provide high RRs. These are not rare setups, they occur almost everyday on common stocks like $FB, $AMD, $MU, $UBER, $TSLA etc., At the open, I watch 6-7 stocks for this setup and switch from 1min to 2min and then to 5min. Please let me know if there are any questions.

Thanks for the monthly link @mrsemilla I checked and you can setup the Stream Deck to work with TradingSim. All you need to do is edit the Hotkeys tab in TradingSim to match your hotkey key stroke in the Steam Deck setup and it will work like it does in Das or you can create new hotkeys in the Steam Deck to match the ones they have programmed in TradingSim.

Live trading summary for week ending 7/12/19. Traded half share size all week as I slowly get myself back up to speed after a painful 3 days of terrible trading at the end of June. So first week of July I traded SIM only, then this week at half shares. Next week I will trade at $25 risk per trade. My score card for the week was OK at 86% and win% was also OK at 56%. I was green for the week, which always helps my mood going into the weekend. I analyzed my last 50 live trades to determine a new method of taking partial profits. I was surprised by the data. I was assuming the data would show that I should use range limit orders or I should decrease the size of my first partial. But, it actually said the opposite. I only have a 22% success rate of reaching my target. It seems that my targets look reachable, so it is probably my setups/time frame I trade in. But, this means taking partial profit is vital. 29% of all my 1min/2min ORBs reach my first partial price and retrace to get stopped out. Thus, the first partial profit is vital and I should not change it. But, there always seems to be at least one (if not two) extra partials on the way to the target. Those are the ones I need to work on. I will start to make an effort to reach my target with in 4 partials (it usually takes 5). I may try and use a limit order on the 4th partial. I traded almost entirely MU and AAPL this week. There was only one other stock (BABA) where I unsuccessfully tried a 10min ORB. There were a couple of SIM trades trying other time frame ORBs. All were unsuccessful. Back test data shows nothing looks very in play at the open for next week. Though MU, AAPL still look OK. JD was not in play last week so it’s removed from the watch list. FB was definitely in play last week, though the previous two weeks it was not. So I will plan the two primary focuses each day based on premarket data. Here is my plan for this week: Concentrate on process and score card, not on W% and P/L AAPL is in play at the open again. So is FB. Decide by premarket which should be higher focused. JD had a poor week. Assume it is no longer in play at the open. AMD is no longer in play for the 2min ORB. Do not focus on it at the open. MU is in play at the open, make it your primary focus for the week. Go back to full share size next week, $25 risk per trade.

That's on my to-do list for August! Stay tuned and keep your eye on the calendar!

Friday 7/12/2019 I had a well-being score of 6.5/10 this morning. My nerves were fine. Trading live but with half shares. I took two live trades today with MU and AAPL. MU and AAPL were my primary focuses at the open all week. Both stocks had an adequate premarket. As usual I was creating my mental opening scenarios. But I was long biased on both stocks, maybe too biased. So I only created long scenarios for the open. For my scenario for MU I was hoping price would drop and bounce off the 200MA-5min and then I would go long when it broke the 50MA-1min and VWAP, which is what I did. My target was the level 44 with my stop at 43.70. What MU looked like when I entered the trade. The price was bouncing around a bit. I did take a quick partial more for risk reduction than profit taking. I really didn’t like MU created two reverse hammers on the 1min chart so I stopped out a few cents early. I was focused on MU so I was surprised, when the trade finished, that AAPL had a really good setup. But since it was a surprise it took me one or two seconds to setup up the R/R, target, stop, etc. So I did chase it a little. But, it still had a R/R>2 at my entry. I really liked the hammer on the 2nd 1min candle and I like that both candles were struggling to cleanly break the 202.87 daily and the 203 level. Then went long on a clean break. The volume concerned me a little. Usually the min volume I like to see on AAPL to be in play is 400k in the first minute. My target was the 203.75 level and my stop was the 202.87 level. Then the waiting game started. The price just missed my stop out by a penny 4 minutes later. Finally 12 minutes after my entry the price broke out. I took lots of partials, as usual, with my final exit at 204. Score card for my live trade. What I did good today: Got out of a losing trade early. How did I challenge myself today? Patiently waited 12 minutes for the break to occur. What I did bad today: The usual: way too many partials. What can I do better tomorrow: Working on new partialing criteria will implement on Monday.

July 12, 2019 - Sim Moving Average crossover I was looking at $BIP and $AMD. $BIP had somewhat of a setup but the volume was not present during the first five minutes, so I ignored it as I did not like how the price action or the spread was looking. I moved on to looking at $AMD for a 5 and 15 minute but the price action was not setting up for trading. I figured I might have to wait awhile for an entry. I was still looking at $AMD for a 15 but never got the entry setup to appear. I than notice the possibility of a Moving average crossover setup. As this is not in my sample set and I am still fairly new at trading this setup I took it sim. The first trade I got stopped out on and the second one I got a couple of partials before getting out by mistake trying to place a range order. Overall it was a good day as I stuck to my rules, did not chase anything and advance my trading skills. I pretty disappointed in my overall trading this week and the two days of platform issues did not help out. I wish this week went better, but it is ok. The learning process is still going. Sample Set Results, P E E E P E P P 9 10 11 12 13 14 15 16 17 18 19 20

12/7/19 didn't sleep well last night so feeling a bit rough and anxious for some reason. Feel like i'm going to make mistakes today so going to try extra hard to only take proper set ups. Trade 1: 5 min ORB on NVDA - first 5 min looked bullish with alternating high vol large white candles and small low vol red candles. almost got a perfect entry but the price moved as i went long. took partials along the way but was patient with my final exit for a huge profit. definitely my best trade yet. just because its friday and i doubled my target in 1 trade im gonna call it a day. Feeling good

This is a very common question, so here is a breakdown of the Account Report in DAS. To access the report, navigate to menu Tools > Account Report. Please note that the commissions assume SureTrader's rate structure, and may not necessarily match your broker's fees. If you plan on using Interactive Brokers, a good estimate of commissions is to multiply number of shares traded (B below) x $0.005. ====================[TOP]==================== [A] Tickets - A Ticket represents any and all executions that result from one order being entered. Regardless of how many partial executions result from one order being sent, only one ticket is generated. One Ticket = one commission. [b Shares - Number of shares bought/sold and shorted/covered [C] SEC - Securities and Exchange Commission fee calculated as a percentage of the dollar value of the trade. Read more on Investopedia. [D] FINRA - Financial Industry Regulatory Authority Trading Activity Fee. Read more. [E] Trade P&L - Gross profit/loss before any commissions or fees. E = L+C+D+G [F] Commission - Based on SureTrader's commissions structure. Unsure of exact calculation used; could be $4.95 per round-trip trade (?) Other users who are with IB say it could be using tiered commission rates, or $1/ticket. [G] ECN - Fee or credit for removing or adding liquidity to the market, respectively. Read more. [H] Net P&L - Net profit/loss after all commissions and fees. H = E-F-C-D-G, or H = L-F ====================[TOTALS]==================== Total Trades - Total tickets, equal to A above [J] Bought Shares - Total shares bought/covered [K] Sold Shares - Total shares sold/shorted [L] Day-trade P&L - Profit/Loss before commissions, but including ECN, SEC, FINRA. L = E-C-D-G [M] Total ECN - Equal to G above [N] Total SEC - Equal to C above [O] Total FINRA - Equal to D above In Summary, the value in H is your take home pay/loss at the end of each trading day.

How about overall money management -- not per individual trade. Maybe the better term is stack management? Cash management? I would love to hear views on how to manage one's overall pile of cash. I have some ideas I've been fleshing out over the months of learning to day trade (long term investor/swing trader), but would love to know what others have found that worked and didn't work.