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Showing content with the highest reputation on 05/19/2020 in Posts
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1 pointwow! Thanks Kyle! Maybe 1999 is too much, but maybe from 2010. Market has shifted a lot in the last 10-15 years. Regardless, thank you so much for doing this!!!
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1 pointHello all, I'm Cliff, and I currently live in The Netherlands. I'm British, but not lived in the UK for nearly 15 years (Moved to Malaysia in 2007, then moved to NL in 2016). I currently work in IT in the Oil Industry, and with the world not using much oil, my job is at risk right now. I'm married with 3 kids (2 are v.young). I've dabbled in Trading/Investing in the past, some crypto, some 'social trading' (eToro). With everything happening at work, I feel now is the time to stop playing and start taking it seriously. The lifestyle of a day trader is very appealing, the fact that you are your own boss. The fact that you are in Cash at the end of the day, therefore protecting you a lot better in the event of a huge crash. But I also appreciate that to aspire to that level of comfort, I need to put the work in (just like in any other business, or a University course). This I am now ready to do. Each day I learn new stuff, and I realize so much more that I don't yet know. There are things I still need to figure out in the fundamentals of my own setup - such as a Broker and Platform. Cash reverses are an issue. I don't have anything like 25k to avoid PDT. Setting up IB UK still incurs PDT rules .. Oh well.. While figuring this stuff out, will be going through all the items in the classrooms here. It was my wife that convinced me to pull the trigger and become a lifetime member, and so far I can't fault it. BBT looks like a fantastic support platform for people that wish to take it seriously. Take Care all
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1 pointYa X-Keys is the company. I made the switch and haven't regretted since but it has only been 2 weeks. The Genovation Pad is also a good alternative except the keys aren't backlit and the software I heard is a little rough but I heard the finish and mechanical keys are nicer. Also Genovation is not prime so returns could be difficult. I think the overall support of the X Keys is superior to Genovation given it's a larger company. X-Keys https://www.amazon.com/XK-24-USB-Programmable-Keypad-Windows/dp/B003MB780E/ref=sr_1_2?dchild=1&keywords=xkeys&qid=1589907152&sr=8-2 Genovation Pad https://www.amazon.com/Genovation-Cp24USB-GENOVATION-CP24-USB-CONTROLPAD/dp/B07C62NHQ1/ref=sr_1_8?dchild=1&keywords=genovation+pad&qid=1589907184&sr=8-8 Jason has a 'step into my trading station' video showing his X Keys for a few seconds (it's somewhere). I need to make one soon! Oh try to sell your decks, I got over a $115 bucks on ebay for them. Sold like hotcakes.
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1 pointI'm not sure if you're still around Shannon, but those hotkeys look correct. Did you generate them via the Excel or use them from somewhere else? Miscalculations can happen usually from two things -- 1) Accidentally fired a long order with a short hotkey (double-clicked above the price action on a long order) or 2) The estimated Buying Power factor isn't correct for your broker. IBCO and DEMO are 4:1, but CMEG can be as high as 6:1 or sometimes 3:1 .. it's why it's important to use the Excel sheet for those scenarios. I'd need the log files to properly see what's happening on that. I have an assortment of requests in with DAS to address stuff like this, they were accepted, but I don't know when development would begin. I'll be doing a video set on using the Scale-In hotkeys since a (currently in testing) update will add a few of them (Refactor Risk Scale-In, and Thor's Free Roll Scale-In) and I know users could use a little more guidance on their usage. In general, if you change the position (scale-in or scale-out/take-profit), you have to update the Stop. There currently isn't an option for DAS to do this for you. I've requested additions to be added to make this much easier in the future. You're better off using a Trigger Order for the second portion of that, they have the distinct advantage of being able to get data values in the future. Like this: LONG: CXL ALLSYMB; ROUTE=LIMIT; PRICE=BID-0.05; PRICE=Round2; Share=Pos*0.25; TIF=DAY+; SELL=Send; TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice+0.3 ACT:SELL STOPPRICE:AvgCost QTY:Pos TIF:DAY+; SHORT: CXL ALLSYMB;ROUTE=LIMIT;Price=ASK+0.05;Price=Round2;Share=Pos*.25;TIF=DAY+;BUY=Send; TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice+0.3 ACT:BUY STOPPRICE:AvgCost QTY:Pos TIF:DAY+; As a note, this Trigger order doesn't use the PX value at all, but it's there to prevent some errors in certain versions. Also, there's specific hotkeys for adding additional risk to an existing position. They'll be covered in a video when I finish the new hotkey for Thor and I'll go over how to scale-in. Special thanks to Justin and the other members who have been helping in this thread. I don't always make it back in a timely manner, so I really appreciate it!
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1 pointHi Girish, Sorry for the delay in replying, I decommissioned the old server and I'm currently building up a new server as I needed more power to handle all the data I'm adding. I'll post to the forums when I expose the gap list for users. -Kyle
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1 pointHello all! My name is James and I live in London. Had been looking at getting into day trading for a while then the lockdown came and it seemed like a perfect time to learn. I have a keen interest in travelling and Photography which is a little side hustle of mine. Looking forward to speaking with you all more.
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1 pointHi, I'm Tricia - I am from New York , my background is management with some finance. Three years ago I was introduce to trading and did it occasionally but rarely successful. I am home and have more time to apply myself seriously to this profession so I can gain knowledge, experience and grow professionally as a day trader. I heard to this I must be a member of this community so I am here ready and willing. Nice to meet you guys!
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1 pointHi all! My name is Sam, but everyone calls me by my middle name Logan. I just joined the group after I retired from the Air Force. I live outside DC in Maryland. I've invested and traded for year but this is my first time day trading. I listened to a lot of audio books during my daily 2 hour commute when I was working and came across Andrew's book. I was hooked after that.
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1 pointHey Keene, I live in Richmond, Virginia, if you are planning to come in here, let’s meet. I also started BBT few weeks back and definitely learning a lot.
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1 pointHello World! It's an absolute pleasure to join a like-minded community. I have been that kid playing alone in the sandbox throughout HS and college, even though drama free but I have to say that its a down side on my performance. I found BBT community through Andrew's book (How to day trade for a living). The first official day trading book I've ever read in my 2 months day trading profession. I have very little experience in day trading and the market in general but do have other characteristics for becoming a successful trader. I hope to gain some guidance here and will make my own contribution where possible. I am Keene. I'm from Fairfax, Virginia. Like most of us here, I had a few other careers before. I'm current co-owning a small local cleaning business, and before that I was laid off from my sr. network engineer job. My career path is somewhat unorthodox. I like the unknown. Freedom to travel is my priority now, a trading career seems to fit best into this life style. I currently live in Peru but wish to go to as many countries as possible. I'm also a vegan, so when Andrew mentioned that he doesn't consume animal products, I pulled out my card and signed up for BBT. Again, please to meet everyone here. Have a great day!
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1 point1. No, setting this to true is what enables a stop loss to be triggered by double clicking on the chart. Not having it enabled with still send your order with the correct shares and risk based on where you double click, but no stop will be placed. This hotkey doesn't do stop losses by percentage points. 2. If your risk is set to $1250, and you enable "Send a stop trigger order", then technically what you will lose is around $1250. There are a few other things to consider that will make that number a bit larger, such as commissions and slippage. Also you would be wise to use a Market stop order - The slippage can be larger, but if you choose a Limit stop and the stock suddenly jumps outside your Limit range, your loss could technically be infinite until you exit out manually. A side note, it's not recommend to risk much more than 1% of your account, so I hope your equity (not your margin) is $125,000+.
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1 pointHi! I'm glad it's been helpful! Yes, I'm doing it for 2020. I'll create another topic with a Google Drive link to both 2019 and 2020 spreadsheets once I have the latter completed until April. I'll also upload a comissions spreadsheet that William H. created for IB comissions and that I used to create a CMEG comissions spreadsheet based on the BBT discount that we have (the original spreadsheet can be found in the Education Center - The Complete Guide to Understanding Comissions).
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1 pointYou technically don't need to cancel and reset the stop loss, but if you don't and the price goes against you, you'll suddenly be in a flipped position. This scenario will happen: You are 100 shares long at $15 You have a stop loss sell order set for 100 shares at $14.90 You partial 50 shares at $15.50 It goes back to your stop loss, and you're suddenly 50 shares short. This will cancel your stop loss and reset it to breakeven with the correct remaining shares: CXL ALLSYMB;Route=Stop;Price=AvgCost;StopType=MARKET;STOPPRICE=AvgCost;StopPrice=Round2;Share=Pos;TIF=DAY+;Send=Reverse;
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1 pointHello! Not sure if you scrolled through the entire thread, but I created a spreadsheet with the watchlists the BBT moderators used in 2019. It's not direct from the gaplist itself, but they obviously built their watchlists from it and it can be helpful with the replay feature: https://drive.google.com/open?id=1lZZpy8r7bMosSDwUBdqmuEMD8Ap7NCxo Also, if there's a link to the direct gaplist I'd be interested too!