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Showing content with the highest reputation on 05/14/2020 in Posts

  1. 1 point
    @Justin Thanks for the advice. I ended up piecing together an Acer desktop and monitor for around $750 that should be able to handle all of my current trading needs. Sure beats the over $1.5k I could have paid with Falcon! -Andrew from Jersey aka Tracksuit Trader
  2. 1 point
    Day 85 - May 13, 2020 37 Tickets 4 Symbols Green Day Watchlist: Trades SPY (1) - Double bottom (-1 Not in Playbook) Long as it broke out on the 1 min and 5min - I knew this wasn’t in my game plan but took it anyway as I couldn’t find anything else - took half size because of this. Poor self contorl over all, had the right idea but bad timing as I wasn’t thinking straight. BYND (1) - Long - Breakout Pullback (-1 Not in Playbook) BYND strong push up to HOD, pulled back but got bought up right showing strength. Went long as we made a new 1 min high, idea was to have a tight stop loss but actually had a hotkey error which ended up saving me around 0.5R. BYND (2) - Long - ABCD Waited for better entry, selling wasn’t strong and held VWAP so I took it long stop below previous candle and break of VWAP. Covered into previous day high, and then again into previous pop high Infront of big offer at 146. Almost got stopped out, bounced up and rejected so I took the rest off. Improvement: Exit was way too wide here, took it with stop below the 142.5 level giving it some space since it didn’t go through VWAP yet. SDC (1) - Long - Asymmetrical Triangle (Lvl 2 Bids, -1 Adjusted Stop) SDC consolidating after huge drop, initially was looking like a potential Bear wedge, but looked like it caught a bid as soon as 7.72 kept holding, then huge bid (60K shares) joined the bid, and also lifted the offer few times also saw SPY breaking out which provided additional confirmation. Took it long with stop below previous pivot low. Good: Validating with SPY, Lvl 2 and volume and PoC. Improvement: Terrible trade management here - didn’t follow my risk sizing, didn’t follow my exit strategy and took profits early, and adjusted my stop which took me out at at basically bottom tick and then moved up 4R without me. UAL (1) - Short - Descending triangle (Andrew called out, fit my criteria all good) Called out in chatroom, as it was looking weak - perfect setup for my Descending Triangle criteria so I took it as it was looking weak heading into the big bid at 21.50. Tight stop, and worked right away - took partials too quickly and then again in front of the 21 level. Came back up to retest the breakout zone, and dropped, was holding 21 again so I took some more off. Consolidated and di the same thing over few times, shorting break of triangle and covering into drops. Was looking strong toward bottom, didn’t break so I took majority off and stopped on final partial. Improvement: Once these Triangle have weakness, break and try to retest look for a low risk entry here. Exact same thing happened with BYND BYND (3) - Short - Descending Triangle (Sub: VWAP Break and go) Took it on the drop will look to add if confirmed weakness, but don’t like the premarket high holding. Broke through on volume and then came back up to retest as it broke down through premarket high I took it short. Consolidated briefly and started to come down to part off into previous low. Improvement: Should have noticed the big limit player holding at 141 and gotten out, then reshorted into the previous breakdown level which has been a level all day. Notes: Watching LVL 2 recording, big bid showing at 141 (53K shares), got to the level and 82K Shares hit the bid hard but bid refreshed and held, with another 62K on the bid. Hit hard again but kept refreshing and showed 100K on the bid. Limit player with too much size = great low risk entry as he kept refreshing. UAL (2) - Long - Breakout Pullback (-1 Not in my Playbook) Long as trendline held and broke out of 5 min high expecting to push into VWAP +. Not in my playbook and not a great setup, I didn't like the buying volume but selling on the overall day was too strong. Stopped out. BYND (4) - Short - Asymmetrical Triangle This was 50/50 could have gone either direction, but saw SPY dropping and overall price action was feeling bearish so I took it short with tight stop. Should have waited for the break of the trend for a quick scalp. Improvement: Wait for confirmation on assymetrical, as it could be 50/50 unless theres a clear signal SPY (2) - Short - Descending Triangle Small size on the breakdown with heavy volume. Was all or none scalp - missed 2R by 5c and then stopped out. Should be cutting at break even here… SDC (2) - Short - Descending Triangle Short as it broke down, tested the level and rejected - short on confirmation with tight stop right above breakout level. Cover Infront of round levels 7.60, didn’t hit 7.51 so I adjusted. Good: Good low risk read, and covered into levels. Improvement: This could be 2 entries, either on initial breakdown and on the reject, or on the reject and then on the 2nd breakdown. Todays Review My trade ideas have been better lately with a higher win % - however, I haven't had the confidence to trade regular size. Not sure why this is happening - maybe scared after having a few terrible days? Happy with my thought process on majority of the trades, becoming better at seeing opportunities but still taking poor setups which I need to eliminate. Started to consciously think about my exits 2/3/4R or major levels as I am working on getting my R/R up - Goal is 3, which allow for a Win rate of 25% to breakeven. Few nice breakdowns on Descending triangle - will be going into more depth on this setup as I really like the opportunity it provides. Idea is short confirmation on the tape before the drop, partial into the drop if adequate R/R, and then re add size as we try to retest that breakdown zone, especially if it's into a major level (mirror level), and then add into failed pops. Daily Report Card 1.Playbook Setups Only (ABCD, VWAP Break N Go, Triangles looking to add 1-2 more) = 7/10 2. Placing trades with defined risk, and profit targets (No adjusting) = 8/10 NO MORE ADJUSTING UNTIL A PARTIAL IS TAKEN
  3. 1 point
    Hey Andrew, DAS' system requirements are actually extremely low. You could buy a $300 laptop and meet them. I'm not recommending that, but it just makes the point Which is why I always recommend people to simply buy the best specs at whatever they can comfortably afford; but you don't need to break the bank on this.
  4. 1 point
    I think that's my point. Your "Hot Button Window" is still a montage. I believe you will need to add the "Trade" section (you can remove it after) to change that montage's (with your hot buttons) to target the right account. You can then save it so it stays on the right account by right clicking in the Trade area and selecting "Order Template" and changing the default account there. But just one thing to note is that I don't believe (even though you've anchored the windows) that if you change the targeted account on your main montage, it will not change it on your "Hot Button" montage. You'd have to open up the Trade section again to change it.
  5. 1 point
    I could be wrong, but I'm thinking it's because you have two montage's there. The one on the right will have it's own trade and account routing. If you right click on the top bar > config > move "Trade" from the left to right. You'll be able to change what account that montage window uses.
  6. 1 point
    Welcome to the community @TonyRay, @stonks88 and @Andrew Agliata.
  7. 1 point
    This is only a few minutes from my house. https://www.wsj.com/articles/in-missouri-an-italian-renaissance-style-castle-asks-24-75m-11580929117
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