Hello Everyone, I just finished three months of live trading this past Friday, and about two weeks before finishing I came to the realization that something had to change if I was going to make it through the learning curve. After reading “Trading in Zone” and watching Mark Douglas’s “How to Think Like a Professional Trader” on YouTube, I decided I would create a 20-trade sample set to work on three areas of my trading. (1) Thinking in probabilities (2) Discipline to not give into FOMO (3) Holding my winners longer I figured since this is basically testing out a theory presented in one of the recommended Psychology books, I would make the results public so everyone in the community can see it. The desired outcomes I am looking for at the end of the sample set are: (1) Getting away from thinking trade to trade, and start thinking in a series of trades (2) Taming FOMO, so I do not get over excited and enter a trade too early (3) Confirm my profit taking plan is profitable over a series of trades. All of my indicators, confirmations, and risk analysis that defines my edge is based on information obtained in Andrew’s book and the lifetime Webinars. Edge Defined Strategy: 15 Min ORB – I chose this strategy specifically to force myself to deal with FOMO each and every day. I will caution that my edge does not appear every day, so there will be days that I do not take a trade. While tracking 5 Min ORBs and 15 Min ORBs for the last three months (total of 165 Stocks), I was surprised to see that 15 Min ORBs that meet my criteria appear more frequently than 5 Min ORBs. The percentage of them working is almost the same. 5 Minute ORB Pullback Met Parameters - 52 of 164 Total trades within parameters that have worked - 41 of 52 (78%) 15 Minute ORB Pullback Met Parameters - 55 of 165 Total trades within parameters that have worked - 41 of 55 (74%) Stocks for Watchlist: I select up to three stocks to watch based on the following criteria % Change – Gapped at least 2% but not more than 10% Catalyst – Needs to have fundamental news of sort. Vol – >100,000 Float – High or Medium float (> 50 m) ATR - .50 to 2.00 Trading – Must be trading higher than normal volume Exchange – I prefer Nasdaq over NYSE Edge Criteria: I have three parts risk analysis, indicators, and confirmations Risk Analysis: 1:2 or Greater Indicators: Must meet 2 of 3 Trades within the ATR Small share size with high volume Has a direction upward or downward (higher highs, higher lows, lower highs, lower lows) Confirmations: Must meet 3 of 4 ORBO closes above VWAP/ORBD closes below VWAP No large wicks/candles (wick cannot be larger than body, candles body not larger than ½ ATR) Closes near VWAP (needs to be within $.30) Has a pullback prior to breaking the opening range (cannot go past planned stop) Profit Taking Plan: As I am with CMEG, I have found you have to be very selective on when to take profits otherwise you are giving the money you make back in commissions, so I developed strict criteria for taking profits. Plan A – 1/3 out at just a little above 1:1 (this allows me to be at break-even if the stock moves back to my entry point), all out at profit target (+/- $.03) Plan B – 1/3 out at just a little above 1:1, 1/2 at profit target, all out at technical level or my first out Plan C – 1/3 out at just a little above 1:1, 1/2 out near the profit target if stock stalls near it, all out at the profit target or my first out. Share Size: I am taking share size based on a fixed dollar amount. Thanks to KyleK29 & fjmocke for the hotkey setup. Daily Trading Goal: My daily trading goal is to trade only within my edge, stick to my profit taking plan, control my emotions, and be disciplined. If I meet these then it is a green day regardless of what my P/L says.

Hey everyone, Below is the video on how to use the DAS Replay feature. Currently this feature is available on the BBT Simulation Version 5.4.6.0. Which can be downloaded at https://www.dastrader.com/download/fixes/DEMO.5.4.6.0.exe (When the feature is ready for production it will be release to other platform versions like IB, Centerpoint and CMEG.) Thank you

I wanted to post this experience I had as a word of caution to all traders in the BBT community. I come from a background of successfully managing a sizeable IRA account as the result of 40 years as a medical imaging engineer. I guess I've been a swing trader since before that was a thing, and have always been very happy with my results, and I enjoy it very much. Early in my career, I helped write code for some of the earliest CT scanners, and later MRI machines. When we started installing these machines, there were some extreme high pressure situations. These machines were not on every corner like they are now, and if I didn't keep mine running, there might not be another one available for several hundred miles. I loved it, and still do. This past September, I found Andrew's book, read it right away, then got his second book and read it, and then I did the same with Bryan's book. I became a lifetime member to BBT, and proceeded to paper trade with a 3 month subscription to the BBT DAS software. I probably opened my CMEG account sooner than I should have, and went live too early because hey, I'm different, right? I have years of "experience" with trading the market, right? Then in the beginning of December, I opened my IB account, with enough to make sure I didn't have to worry about the PDT rule. I've been struggling, good days, bad days, but had not yet lost anywhere near what I have been able to make in my IRA account. Not as well as I would have liked or expected, but considered the losses the cost of opening a new business, and education. Looking at it like that, it has been a bargain, and if I hadn't done it, I would always have wondered "what if". Enough background. Fast forward to December 23. ITSC was in play. I had decided that it was time to take it up a notch, increase my shares, but I had been struggling with it a bit. ITCI had beaten earnings, and had several analysts upgrades. It started with an opening range breakup, and I got in with more shares than what I had been doing. Not a lot more, and still probably would be considered small by more experienced traders. The stock then shot down like a rock, and I saw my unrealized drop to negative $800, which was way more than I was willing to lose. I did the classic, psychological reaction that we have all been told about. First I completely locked up, panicked, and sold everything, even as it was starting to reverse. It then took off, and hardly even did as much as a pullback, all the way up to what I remember as something like a $6 climb. Because of my intervention, I turned what should have been a $4000 plus gain into an $800 loss. I felt like someone had hit me in the face with a 2 by 4. In the words of that great American philosopher, Mike Tyson, "Everyone has a plan, until you get hit in the face". I then watched it drop back nearly to where I had gotten out, and then run back up to a double top. But I was still in no condition to get back in. I was petrified. Until..... By the afternoon, I had gathered my senses, and followed the price action of this stock that had beaten me so badly. So the next time it dropped and started to reverse, I had decided that it was time to get my money back. Most of you probably know where this is going. I decided to get in with smaller size, and as it went in my favor, I would add size. Sounds like a plan, but ITSC still had other ideas. Then it took another leg down. Hey, no problem, just add, and you've got a better entry. Then came a big dump down. I can't even explain what had taken me over, but I added again. After watching it continue to grind down, I was eventually forced to come to terms with the fact that I had just managed to double my losses, and by the time I got out of the nightmare that I had created, I was down $1600 for the day, December 23, 2 days before Christmas, ITCI. I will never forget it. The "Hulk day" that could never happen to me, had happened, and I honestly had no idea what happened. I'm fortunate that I was able to absorb the loss without having to give up trading altogether. My strong belief is that no matter how many times you get knocked down, the only thing that matters is how you get back up. I was surprised how quickly I was able to recover, and a month later, things are actually starting to "click". I actually feel like I am developing a process that I can execute, and one day, have the consistency that I need, and I'm working very hard with dealing with the fear. Also, please know that during every moment, I was completely aware of the fact that I had done this to myself. I was to blame. Not ITSC, or the market. But, as some time has passed, I now know that I did learn a very valuable lesson that day, and I now follow my rules without question. Mechanical stops 100%. I decided to share this in the hope that it will help others. I had thrown out all my rules. I was sick of seeing trades hit my stop, and then turn and burn. I was going to force the market to act how I wanted it to act, and it cost me more than just money. If it can happen to me, it just might happen to you. If nothing else, if you should happen to take a bigger loss than you might have been prepared to take, is that you will keep this in mind when you think about what happens next.

Andrew recently added a moving average line to the volume bars. A lot of users have been asking how to get the line, so here's how: Double-click the Volume Bar area With Volume (BAR) selected, click Config Check Display Average Line Note at the time of this post, Andrew has been using a period value of 3.