Hi JS, the only thing you can control 100% in trading is your losses .... you can't place how much you want to earn. What you can do is say how much you want to lose. Please place the automatic loss stop at an acceptable level for you and you will have forgotten about that issue. At that time you can concentrate on looking for the best setups with the peace of mind that the system (DAS) will be protecting you…. I have been trading for 2 years and my total losses never exceeded -900 dollars on those first months ... every time I reached my maximum the system would not allow me to operate until the next day and could only continue in the simulator ... All the best!

In this video AdventureDogLA shows us how to set up Risk Controls in DAS Trader Pro. Risk Controls enforce limitations such as maximum daily loss, maximum shares traded per day, etc. Risk Control Page is a safety net to keep in control our loses, either to have an external control over our behavior as traders or due to a contingency such as failures in the internet connection, electric power outages, broker failures, etc. You can find "Open Risk Control Page" in DAS Trader Pro Account window, just right-click in any row of that window and Risk Control Page will open as a popup browser window to let you update your risk control settings. Some considerations: 1. This configuration works with real accounts and simulator 2. You can deactivate settings "Risk Control Page" anytime by leaving all in blanks and clicking SUBMIT 3. When you are using DAS linked to IB, or simulator, the Risk Control settings are handled by DAS. DAS staff updates your settings manually (the form is emailed to them) anywhere from 2 to 30 minutes during business hours. 4. In LOSS fields, enter a positive number. 5. “No new order” avoids orders for the current day 6. “Pos Loss” = Position loss. 7. “Enable Auto Stop” will automatically close your positions when you hit the Max Loss / Total Loss. 8. “Max Share - Max auto stop execution share per day” = How many shares can be sold / bought by the Auto Stop mechanism. 9. “Max Auto Stop Order Size” = Maximum size per order made by the Auto Stop mechanism. 10.“Delay for next order if exceed max order size (sec)” = Time between orders if the Auto Stop needs to place multiple orders to close your positions. 11. “Stop Gain Account Net Realized PL Thresh“, “Drawdown Percent of Max Net PL“ , “Pos Stop Gain Thresh “ and “Drawdown” - Like Auto Stop but for gains. The threshold is the profit the Stop Gain is looking to hit, the Drawdown is how much it can drop from that target before your positions are closed. Example, you set a threshold of 2000 and drawdown of 20(%). When you make 2000 in P/L, the Stop Gain will trigger, and will close your positions if you drop 20% ($400) from that value, closing you out at $1600 Net P/L.

I am asked a lot how to buy and send an automatic STOP Loss order all in one hotkey. Try this: ROUTE=SMRTL;Share=BP*0.25;TIF=DAY+;Price=ASK+0.10;BUY=Send;ROUTE=STOP;StopType=Market;StopPrice=AvgCost-0.30;Share=Pos;TIF=DAY+;SELL=Send; What it does? It buys at 25% of your buying power, and then automatically send a stop loss order at AvgCost -30 cent. You can change it anyway you want!

Hi BBT community, I've joined the community about ten months ago. I've been dealing with the usual struggles that everyone has to deal with, having some consistency then falling back, Fomo, revenge trading, losing confidence. An idea came to my mind, that maybe having a trading buddy will help overcome those challenges. When you just trade yourself everyday, you keep all those emotions to your self, you don't discuss your trades. I can see how having a partner with whom you discuss every trade every day can really help. You might even feel that you'll need to answer to your partner why started revenge trading. if anyone is interested to experiment with me I would greatly appreciated.

TradingSim is great! Now this weekend I will be releasing a video for the BBT community about DAS replay function that will allow replay of past real-time action. Just making you aware of it before you make your decision to purchase. TradingSim has been out for some time and their service is amazing. Now this is just my personal opinion, being able to replay action on the same platform that I am using to trade is powerful. Look out for the video by Sunday evening the latest! Thanks!

Yup hard stops are a must, the only disadvantage is that a setup/price action can change on the fly, and that is when have soft stops and your experience come into play, like Andrew, he can 'adjust' his stop out process on the fly, (and leave out emotion) which is the next step in developing your trading skills.

Hi, Level 2 in DAS has a lot of settings but checking at this Config box, I do not see anything that can do that.

I am looking for blocks of 80 or more and in a ladder to a much bigger move....... I felt like it was gonna blow through .80 with the T&S printing .79 on the ASKs and once it breaks .80 there was a ladder to 40.00..... and on the BID side there are a few orders over 100 at .70 but no type of ladder to get to them..... As it approaches 40.00 the ASKs keep stacking below it and the BIDs are disappearing.... I was feeling like I need a partial here because the next large ASK was at .05 so it could slow up..... Once it got past 40.00 it pulled back as expected, made a nice ABCD and gave me a signal to increase size...... I took another Partail just above 40.00 with a little slow down of action but it soon came back..... Once it got past .05 the ASKs stacked back up in 5 cent or less ladder all the way to .35 and beyond..... I got all out once the ASKs were exhausted..... Hope this helps explain my thoughts through the trade.....

Thursday 12/12/2019 I had a well-being score of 5/10 this morning. I knew I was going to get little sleep and be forced to trade SIM only so instead I slept in and didn't trade the open. I did wake up before the open to manage my swing trades. I hope everyone had a green day. My swing trading journal if you are curious: https://forums.bearbulltraders.com/topic/1536-rob-cs-swing-trading-journal/

My current hotkeys below, including Kyle's hotkeys (see below BBT tutorial) CANCEL ALL OPEN ORDERS Alt+Ctrl+A CXL ALL - SELL ALL, CANCEL Open Order for Ticker in Montage Alt+Ctrl+B CXL ALLSYMB;ROUTE=SMRTL;Price=BID-0.05;Price=Round2;Share=Pos;TIF=DAY+;SELL=Send - LONG, $50 RISK Alt+Ctrl+C StopPrice=Price-0;DefShare=BP*0.98;Price=Ask-Price+0.00;SShare=50/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=SMRTL;Price= Ask+0.05;TIF=DAY+;BUY=Send;DefShare=200;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.05 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY+; - SHORT, $50 RISK Alt+Ctrl+D StopPrice=Price+0;DefShare=BP*0.98;Price=Price-Bid+0.00;SShare=50/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=SMRTL;Price=Bid-0.05;TIF=DAY+;SELL=Send;DefShare=200;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice+0.05 ACT:BUY STOPPRICE:StopPrice QTY:Pos TIF:DAY+; - COVER ALL, CANCEL Open Order for Ticker in Montage Alt+Ctrl+J CXL ALLSYMB;ROUTE=SMRTL;Price=ASK+0.05;Price=Round2;Share=Pos;TIF=DAY+;BUY=Send - COVER 1/2 Alt+Ctrl+K CXL ALLSYMB;ROUTE=SMRTL;Price=ASK+0.05;Price=Round2;Share=Pos*.5;TIF=DAY+;BUY=Send;ROUTE=STOP;StopType=Market;StopPrice=AvgCost;Share=Pos+share;TIF=GTC;BUY=SEND - COVER 1/3, CANCEL open order for ticker, MOVE STOP TO B/E Alt+Ctrl+L CXL ALLSYMB;ROUTE=SMRTL;Price=ASK+0.05;Price=Round2;Share=Pos*.333;TIF=DAY+;BUY=Send;ROUTE=STOP;StopType=Market;StopPrice=AvgCost;Share=Pos+share;TIF=GTC;BUY=SEND - SELL 1/3, CANCEL open order for ticker, MOVE STOP TO B/E Alt+Ctrl+M CXL ALLSYMB;ROUTE=SMRTL;Price=BID-0.05;Price=Round2;Share=Pos*.333;TIF=DAY+;SELL=Send;ROUTE=STOP;StopType=Market;StopPrice=AvgCost;Share=Pos-share;TIF=GTC;SELL=SEND - SELL 1/3, CANCEL open order for ticker, MOVE STOP TO B/E Alt+Ctrl+M CXL ALLSYMB;ROUTE=SMRTL;Price=BID-0.05;Price=Round2;Share=Pos*.333;TIF=DAY+;SELL=Send;ROUTE=STOP;StopType=Market;StopPrice=AvgCost;Share=Pos-share;TIF=GTC;SELL=SEND - CANCEL ALL - Ticker in Montage Alt+Ctrl+` CXL ALLSYMB ------ Here is what I think is a Short SSR script, I have not tested this so use at your own RISK! I just changed the BID-0.05 to ASK+0.05 as when a stock is on SSR you have to short on the uptick ASK side, not the BID side. In bold is my modification to the normal short script from above. StopPrice=Price+0;DefShare=BP*0.98;Price=Price-Bid+0.00;SShare=50/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=SMRTL;Price=Ask+0.05;TIF=DAY+;SELL=Send;DefShare=200;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice+0.05 ACT:BUY STOPPRICE:StopPrice QTY:Pos TIF:DAY+; Good luck, although you don't really need luck.

Yup that's when I lowered my risk, I made over 10x my account value in a matter of a couple months, then 2 bad trades brought me back to below my initial deposit...annnnd that's when you learn to manage risk 😄 now it's impossible to lose more than 0.5% per trade with my approach.

Hi JS! Just want to share my experience. I was live trading twice, first time I lost 10% of my account and I took some time off. I knew I didn't learn enough so I came back and started with SIM. Had some consistency, but after going live again for the second time, in few months I lost 50% of my account. I was trying to recover previous losses but as Carlos said "the money that was lost in gone and there is no getting it back". Now, I am back to SIM for the third time trying to setup a system that works. Be persistent, make adjustments to your system and you will find consistency.

Hey @Zachary Nelson-Shine, I'm pretty new to it all as well so glad I'm not the only one! should be a great night looking forward to it!

Thanks @Robert H! I finally made it further down in the Education Center playlist. Your contributions are still paying dividends. I know now that I am normal and it is fixable... https://bearbulltraders.com/lessons/robert-h-2-17-19-time-frames-and-chart-patterns/ https://bearbulltraders.com/lessons/roberts-rants-patience-and-perspective-pilot/

I use the Tape to exclusively to trade momentum plays, especially opening range plays. When i don't use the Tape, i usually don't trade well. The Tape is much more useful than the Order Book as a lot of manipulation occurs there, although it does have some value if you know what to look for those manipulations occurring. The Tape is the actual (note we can't see darkpool activity so it's not completely "actual") supply and demand driving the price where it goes so understanding how to read it is really useful. It gives me clues where to take profits and when to stop out if my original targets/stops don't seem like they'll be hit so i can risk manage a bit better. As Lee W pointed out, SMB has good videos on this. If you want to learn how to read it, record your screen on a few stocks and don't trade. Just watch it and look at the charts at the same time and focus on the speed, print colors (above ask, at ask, in between bid and ask, at bid, below bid), and the patterns. Especially pay attention in consolidation areas vs. strong moves vs. staircase moves. Take notes and watch your recordings a few times over. It'll start to make sense over time.

I emailed DAS support about the risk control page, here is the exchange. When I make a change to the risk control page and hit the submit button, when does the change get implemented? It seems to happen the next day but I wanted to check. When I go back to the risk control page, everything is blank. Is there any way to see what the current risk controls are? Is there a way to remove a risk control setting? How long does that take to go into effect? REPLY: Hi David, Once you submit it, we will then receive your risk control page and update that to your account. It should be done within half hour if you submit it in our business hours(Monday-Friday: 8:30am to 5:30pm EST), otherwise it will be update to your account in next business day. Yes, that page will always be blank, and currently there is no way for client to see it. Client will require to contact us for that information (either via Email or Live chat) You can contact us (via Email or Live chat or Phone) to remove it, or submit a new blank risk control page. -- Best, Jason He DAS|INC Phone: 845-282-7859 x4 Website: dastrader.com | Twitter: @DASAlerts | Facebook: DASTrader

Actually, I think it is better to run it in two different hotkeys: For Long positions you can use: 1) ROUTE=SMRTL;Share=BP*0.25;TIF=DAY+;Price=ASK+0.10;BUY=Send 2) ROUTE=STOP;StopType=Market;StopPrice=AvgCost-0.30;Share=Pos;TIF=DAY+;SELL=Send; In 1) you buy 25% of your buying power at market limit of 10 cents. In 2) you put a stop loss of your position at AvgCost-30 cent For Short positions you can use: 1) ROUTE=SMRTL;Share=BP*0.25;TIF=DAY+;Price=Bid-0.10;SELL=Send 2) ROUTE=STOP;StopType=Market;StopPrice=AvgCost+0.30;Share=Pos;TIF=DAY+;BUY=Send; In 1) you sell short 25% of your buying power at market limit minus 10 cents. In 2) you put a stop loss of your position at AvgCost+30 cent to cover if it hits your stop loss Test in simulator and see how it works.