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Showing content with the highest reputation on 03/14/2020 in Posts
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2 points3-13-20 AIS 0755, 6 hours, 6/10 PAT: PB#3 A or A+ Live Only. Over-trading. Stick to the screen. OXY PB#1 10min ORB, a reverse ABCD back to the 9 on the 1min. Failed -1R WORK PB#2 First entry short on the retrace to VWAP, As I got into this trade one of my trading partners went long. I should have scalped it but instead let it come back and stopped myself out at BE from fear of it going against me (with my trading partner long into the position). Lesson learned to stick with my plan. PB#3 Second trade. After this went the way I thought it would I was able to get another entry at hr return to the 9ema on the 2min risking the middle of the 9 and 20 on the 5min. Scalped for a not so quick +1R Third trade was the same except I got stopped out for -1R PB#3 Fourth trade. Back from lunch and looking at new setups. Found this again except this time we are trending up. Once it pulled back past the 9 on the 5min and came back through I went long for the trend. After the first and second partial I was looking to add back in but missed my entry twice talking too much and not paying enough attention. Took two more partials and at this point I left myself with too little share to partial anymore so I added in when I got the chance and closed the day at the top with 3 seconds left. +3R Cons: Did not pay enough attention to my last trade but also trying not to micromanage it. Let chat get the better of me with emotional trading. Had too many stocks on my watch list. Pros: Took most of the trades when I called them out (trusting myself a little more) PB Trade: WORK fourth trade and first trade not letting it stop me at BE Rs: +3R
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1 pointSome users asked about this in chat a while back and as I was writing up the documentation on how to do a dual-copy of DAS Trader Pro -- one version for Sim and another for Live -- I realized that it had some complexity which may have made it difficult for some end-users. So to remedy this, I wrote a script to do it for you. I did this with batch / powershell commands (it's been awhile, so not eloquent at all) so that users can see what is going on (no tomfoolery with your accounts). What Does It Do: It's a Windows 10 (if Mac users exist, your mileage may vary) script that will: Makes a mostly symbolic copy of your DAS Trader Pro install (it'll copy over the Config.cfg file, since we need to change a few things) --> If your DAS install is C:\DAS Trader Pro\ it'll create a C:\DAS Trader Pro_Sim\ folder. By default, only the theme folder and .exe exist in the new folder install (the SIM version will check for a version change on the .exe and copy it over as needed for when updates occur), the rest is symbolically linked via the file-system to the main install. This is done so that items carry over their settings (Trendlines, Desktop Layout, Hotkeys, etc.). This is beneficial because if you use the default config then all layout, chart, trendlines, hotkeys, and other options stored outside of the Config.cfg file will be the same in both versions. You can change this behavior with options (more on that in setup below). Right now, options exist for: Desktop Layout (default.dsk), and the Hotkey File (hotkey.htk). Change the background of the simulator install (for better visual recognition). [optional] Add A Sound Alert for the Simulator version when a LIVE account trade is made in it [auditory recognition]. [optional] Add a Sound Alert for the Live version when a Simulator account trade is made in it. Example Image Notes / Prerequisites: If you set your account via as part of hotkey scripts (e.g. "ACCOUNT=U#######") you will want to change those values in your hotkey.htk file and also toggle the config.ini setting for separate_hotkey_file to "separate_hotkey_file=1" (instructions below). I assume most users won't need to this do. How Do I Use It?: Glad you asked. Download the zip file linked below and then follow the instructions here. As a precaution, I recommend you make a backup copy of your DAS install. Easiest way is to go to the folder that contains your DAS install, right-click it, and select "Send to Compressed Zip" .. if your install is in C:\, you'd right-click the "DAS Trader Pro" folder there. Unzip the downloaded file to a directory. If you use the DAS default install location of "C:\DAS Trader Pro\" - and / or - wish to have the defaults, skip to step 3. If you don't use that location, continue reading this part. Go into extracted directory and edit "config.ini": Config Available: ⓐ directory=C:\DAS Trader Pro This is the location of your DAS install. By default, it's C:\DAS Trader Pro as that is the DAS default. ⓑ separate_desktop_file=0 This is if you want to have separate Desktop.dsk files for SIM and LIVE. By default, it's the same layout. To use separate desktop files, set this as: separate_desktop_files=1 ⓒ separate_hotkey_file=0 This is if you want to have a separate Hotkey.htk file for SIM and LIVE. By default, it's the same file. To use separate hotkey files, set this as: separate_hotkey_file=1 ⓓ add_sound_alerts_sim=0 This is if you want to have a sound alert added to your DAS SIM, for this to work properly there will be additional setup (see section "Sound Alerts - SIM Account"). What it does is add an audible alert if you trade with your LIVE ACCOUNT in the SIM ACCOUNT. To use, set to: add_sound_alerts_sim=1 ⓔ add_sound_alerts_live=0 This is if you want to have a sound alert added to your DAS LIVE, for this to work properly there will be additional setup (see section "Sound Alerts - LIVE Account"). What it does is add an audible alert if you trade with your SIM ACCOUNT in the LIVE ACCOUNT. To use, set to: add_sound_alerts_live=1 Right Click "Setup.bat" --> Run-As Administrator a) On Windows Admin Prompt Click "Yes" b) On the command window that opens, make sure it does not give an error. If prompted, type the letter "Y" and hit enter. c) If no error messages, hit enter again to close the command window. Launch DAS using the shortcut created on the desktop as "DasTrader - SIM Account" --> Under ... Blue w/ S is the SIM account. Yellow w/ L is the Live account. You're not done ... go to Additional Setups section. Additional Setup: There's some brief changes we need to make within DAS for this to work properly. Open the "LIVE" version of DAS (the yellow icon). Login and on the top menu bar select "Setup" -> "Order Templates" On the "Account" box, select your LIVE account (for IB users it's likely something like U#######). Hit "Apply This Setting To All Exchanges." [optional] If you enabled the SIM trade in Live Account alert in config.ini, read the next line, otherwise skip to #5. For the Alert to work, go into Top Menu Bar -> Tools -> Alert & Trigger -> Double Click "WARN-LIVEACCOUNT" -> Double Click the "Value" box next to the "Acc" item (it should say "U1111111") -> Set this to your LIVE account. Image helper here. Close DAS. Open the "SIM" version of DAS (the blue icon). Login and on the top menu bar select "Setup" -> "Order Templates" On the "Account" box, select your SIM account (for IB users it's likely something like TRIBT####). Hit "Apply This Setting To All Exchanges." For the Alert to work, go into Top Menu Bar -> Tools -> Alert & Trigger -> Double Click "WARN-SIMACCOUNT" -> Double Click the "Value" box next to the "Acc" item (it should say "U1111111") -> Set this to your SIM account. Image helper here. Close DAS. Download: v1.00 - 1/14/2020 - outdated .. v1.01 - 8/7/2020 - DAS_DASSim_Separation_Script_V1.1.zip Changelog: v1.00 - 1/14/2020 - Release of initial script. v1.01 - 8/7/2020 - Quick rework of the script to be in its own .EXE, this may help with any issues for permissions. Known Issues: v1.00 - 1/14/2020 - My father never really played catch with me as a child, but besides that, there doesn't seem to be any that I'm aware of with the script at the moment. /joke
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1 pointThanks Glenn! Yes, exactly. The Playbook style makes a lot of sense to me. Helps me have more confidence in my trades
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1 pointGreat feedback Justin, makes total sense. I appreciate it... I'm for sure in that 99.9% small account bracket.
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1 pointGreat! To edit the fields you have to select the Analysis tab and then select the fields in the highlighted area. To add strategies just select <Edit strategies> in the Strategy drop-down list (always in the red area). The columns are set to fit the content, but no problem to add a setting to allow you to resize them in the next release... PS: glad that you liked my post about hot keys! Yes, I like to automate things too, trading is already complicated in itself so I try to simplify what I can...
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1 pointFriday 03/13/2020 I had a well-being score of 6/10 this morning. I took 2 live trades with BAC and AAL. My watchlist: AMD, AAPL, BAC, TSLA, CCL, and AAL. I can’t remember when my watchlist has been the same two days in a row. A bit disappointed with my discipline again. BAC opened well but not enough volume. Then a L2 signal hit and I went long with a tight stop (if my main signal is L2, I usually have a really tight stop) at the HOPM. My target was 22.85. The big ask was bought soon after and the price was moving and I took 2 partials then set my stop at B/E. Then I noticed how few shares I had. That is when I realized I inadvertantly chose the 22.27 level as my stop and took only ¼ the number of shares. So instead of just letting it go to a learning experience, I added to my position. Not a terrible spot but not a good one either. Then added again. So when I finally stopped out I took a full -1R loss. Yep made a winner into a loser. I actually took a 5min ORB. It has been awhile. AAL opened weak with good volume. At 5min I waited for the break of the 200MA-1min and the 50MA-5min and went short. PDC was my target with 14.70 as my stop (which was just above 200MA and previous candle). My second partial was a hotkey mistake that I recovered without an impact. When the price rose back above HOPM I exited. What did I do good today? I took a 5min ORB, it had been awhile. What I am grateful from today? I was lucky again today, I was undisciplined.
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1 pointThank goodness for risk management this week. I have been on a negative streak and it seems all the trades I don't take work and all the trades I take don't work. The all reason to take every setup if it is within your edge. I did not follow that today with $MU and missed two opportunities that would have netted me nice gains. Instead I took a trade on $JD and it netted me -.5R. Oh well what are you going to do but learn.