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  1. Justin

    Justin

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Popular Content

Showing content with the highest reputation on 03/29/2020 in all areas

  1. 2 points
    Hello, my name is Tasos , I am 20 years old and I originally come from Greece. I have been a member of Bear Bull Traders technically for four years, since 2016. However, I had to create a new account last year where I got a Lifetime membership. I began my journey of trading since I was 16, I dropped out of high school and was trading while working. I did DAS simulator for many years and had many conversations with Andrew. I failed. A lot. It would be incredible to calculate the amount of hours I spend these last four years looking at screens with candlesticks. I had to take drastic measures because of life events that caused me to leave trading to the side for a while, but it was always on mind and what I aspired to do for the rest of my life. I finished online high school and I am currently pursuing a BSc in Banking and Finance with a Minor in Financial Markets Trading, and yes there is such a thing (long way trading has come). I mainly participate and trade the FX market and have interests in commodities and basically all Macroeconomic subjects. I have come a long way from a kid knowing nothing about how this whole thing works and I am excited to see where I can reach. My goal eventually is to become a hedge fund trader or an IB. Nevertheless, whatever happens, trading is the reason I have goals in life. It has changed my life, it has taught me things about my life and made me the best version of myself. I decided to be more active in the Forums as of late since I do not have school obligations because of COVID-19 and plan to participate even more. Since I do not particularly trade stocks anymore I will be posting on FX market forum where I hope I can exchange ideas with people. Lastly, I know Andrew is a great guy and hope he remembers me and it feels good to be back and see how much the community has grown. It honestly is the best non-toxic community there is with actually smart individuals in this space. Safe trading!
  2. 2 points
    😈 The Rising Devil Scanner 😈 Overview This strategy has become quite popular in the channel, and every morning I see many people asking if a certain stock is a rising devil. So I decided to create a scanner that tries to capture potential rising devils before they happen. It's narrower focus and stricter filtration of stocks that are running down right before the open, versus some of the ones we've been calling Rising Devils. But being more focused can lead to better returns if the strategy is a profitable one. That being said, as we gather more data about stocks that were "missed", we can look at why, find ways to improve and capture them as well. Testing I back tested it for 65 days with great success (see photos below) and for more tangible data I tested it against some of our fearless leaders' YouTube recaps! It successfully created an alert and back-traded successfully for these Rising Devil plays: @Andrew Aziz's $YNDX trade on Oct 11th @Thor's $ETFC trade on Oct 1st Meir's $ORCL trade on Sept 12th @Brian Pez's $CRWD trade on Sept 6th Testing this was an interesting conundrum because the Alert happens completely in the pre-market and you can't back test pre-market data. Trade Ideas' filters are only "point in time" as well; so you can't ask for it to show stocks that trend down in the pre-market AND then bounce back to the VWAP - and then do a back test on that. I had to create another seperate Alert that tracks stocks bouncing into the VWAP. Then test that alert using symbols that only The Rising Devil Scanner discovered over the last 65 days. Results Thor's trade simulated on the same day: Andrew's trade simulated on the same day: Scanner Link https://www.trade-ideas.com/Cloud.html?code=18513da0873da30368180bcda025ae19 Overall I hope the scanner helps new traders! And for the more experienced ones, brings to light some stocks we didn't have an eye on. Brian has definitely identified a great strategy that works well - and even though, based on my journal, I'm in the green using this strategy, it's interesting to see the data that proves this strategy is sound. Learning what Trade Ideas can do is eye opening for the opportunities it holds - there is SO much you can do with it; it's mind boggling 🤯. I can't wait to improve this scanner as time goes by and come up with new ones for the community!
  3. 1 point
    There seems to be quite a bit of support at that lower red dotted line. It had a failed 123 in the 1 minute. It moved up after a topping tail doji (which tends to signify bearishness on its own), so that would mean bullish. But a topping tail doji at the bottom range usually also means there's buying pressure too. It is far from the moving averages. So all in all I don't think it's an ideal short entry imo. A better entry would be a break of that lower dotted line level.
  4. 1 point
    I wouldn't have a clue what it was going to do there. Yes, generally weak, but it's chopping and stuck in a range. It has also already bounced off the low 5 times... Maybe it's going higher... not sure. I'd just wait until it cracks and closes above or below.
  5. 1 point
    For your firs trade it wasn't exactly a bad idea to go long there. It did break and the close above the VWAP on the 5 and 6 min. That being said, I'm always hesitant to go long or short the opposite way of the pre-market. Also, what was your stop loss? Seems very far away. Probably should have been just below VWAP. For your second... Seems like a good entry to me. It's a bit extended, but you waited for a pull back which is good.
  6. 1 point
    Just to help me shape this. What do you people want to see in terms of information? Would you rather have a breakdown of the math behind them and then show how they work in DAS, or would you like a more detailed breakdown of the actual hotkey (as ugly as they are)? I'd assume the former is better for most as it's a "concept -> application" presentation, keeping to the important bits in a concise manner. Any other hotkeys / DAS features you want me to go over, please post here. I have a list going. For this presentation there will be a new version of the hotkeys / configuration rolling out, so even if you're familiar you may want to check it out. I've also discussed with DAS on some modifications, but I'm not sure what the timeline is on those.
  7. 1 point
    @Abiel What happened with the challenge? I know @Aiman Almansoori has actually been using my scanner live and talking about it in the chat 😋 Yesterday was 3 out of 3 correct, and today was 2 out of 3. For yesterday it scanned: $LYFT / $CYBR / $TBPH I'll be honest.. with $LYFT I got in way too early, but I guess it paid off. I was more patient on $CYBR, although I missed the bottom it was a great trade. I didn't take $TBPH, but just showing that it was also a good trade.
  8. 1 point
    As a momentum trader, I don't care about strategies that much. I just want the stock to have direction, volume and order flow. I am more of a believer that for momentum trading, the value of trades ideas comes from it being able to tell you which stocks are moving more than usual and meets criteria that makes the stock tradeable. Why do i look at it that way instead of per strategy? Stocks that are in play will have multiple setups and strategies to trade off. Identify those stocks at premarket and during day and trade the strategy as it comes. Some stocks do an OR Breakdown and then reverse, reject vwap and then continue down. You have three plays there in the same stock. Another benefit that this scanner gives me is that it is just one scanner providing me the output. I don't like to have 5 different scanners for 5 different strategies, it just overwhelms me. I want to know what the rest of the traders are trading that day. Normally this scanner will not give you more than 10 stocks in day. Today it was 4-5. Trading only these types of stocks has helped me reduce my losses and avoid stocks with no volume or nor real direction. I want a stock that has a fast moving tape, this makes it harder for big fish to manipulate the price as the price is determined by more market participants. Scanner Strategy and Criteria: Anything that has a relative volume of 3 or more within the first hour of trading is normally a stock that has some catalyst. Strong Volume, High Relative Volume (RVOL) and Unusual Number of Prints. Unusual number of prints doesn't normally show up as much but it is a good indicator. I only trade stocks with a fast tape. if the tape is slow, I don't touch. Filters: 1. At least 1% change 2. Price more than 10. There are a lot of penny stocks in play every day and I don't trade these, that is why I use $10. 3. Float - 30M. Important to have a float minimum. There might be low floaters moving all day that are just pump and dump schemes where risk is hard to manage. 4. Volume Today, If it is in play, it will normally have at least 1m shares traded in the first five minutes. 5. Average Daily Volume (0.5m shares). This isn't much but it helps filter out stocks that never have liquidity but have a lot today only. I want stocks that have at least an average liquidity every day. 6. Spread - no more than 10 cents. Anything more than that is too much risk for me. 7. Time of Day - first 60 minutes. the stocks that move in the morning are normally the ones with high volume that will provide opportunities all day, even for trend traders in the afternoon session. 8. RVOL - 3x. I find that 2 times is too little, specially when there is a macro even that happens, a 2x can easily be triggered. I don't want to trade Beta, I want to trade Alpha stocks.
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