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Showing content with the highest reputation on 06/12/2020 in all areas

  1. 1 point
    Thanks @Justin I appreciate the clarity. While I have your attention, can I get some more clarity on the function of these hotkeys, but in some layman's terms? Lets say a stock is 20 dollars currently, and I am eyeing a good stop .20 cents away at a moving average, with a planned target of 20.60. So, if my max risk on any trade is $45, and I am using the "dollar risk" hotkey (as shown), then am I correct in stating that I will be double clicking on the price I want to set my stop (19.80), and then the hotkey function is going to be calculating how many shares I can afford at the current price (20) based on my risk per share (.20 cents), with a total max risk in the trade of $45 worth? So it seems in this example, I would be purchasing 225 shares at $20. Is that how this all works? I watched some of Kyle's example videos, and that seems to be what is happening, I'd just really appreciate some clarity on the function of it all. Thanks in advance for the help, it is VERY appreciated.
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    Hi Justin, Apologies should have been more clear. To clarify, after I have taken a long position on an SSR stock with a Stop market order in place, I am unable to sell (order is rejected by DAS) unless I remove the stop order. Not sure if this is an anomaly or if my script is written incorrectly. Justin
  4. 1 point
    Hey @Christopher Patterson and @Justin Thanks for the responses! I might even be lucky enough that more work is gonna be having me switch to a week on week off which would really be giving me that chance to start in the am on the weeks off! Will definitely try looking at some close of market strategies and see if anything peaks my interest, right now mainly focusing on the ORB as well as the Bull/Bear flag patterns. It seems to make the most sense for me right now, but would like to back test a few different strategies and different Risk/Reward ratios to see what will work the best? I see here lots of people are taking partials all the way out and moving their stop loss to break even. I have also been looking at more of a strict either 2:1/3:1 and not getting in or out of my trade until this happens. Again need to do some back testing and see what is going to work best. @Justin what part of the island did you grow up on? I'm from the Courtenay area myself. Thanks for the information guys!
  5. 1 point
    2020-6-11 <SIM> Another tough day, but feeling positive calm and collected. Kept a full journal in google docs, but wanted to share my recap here: Rules: Break after three back to back losers 5 minutes Three stocks at a time max Out of a trade, keep watching the stock until it gets choppy. Should I re-fire or reverse the position ? I am going to keep my R at $100. Lessons: Get in that first trade early for an excellent entry. Excellent entry is the key to profit. Watch the stock after you get out of the trade. More Replay trading with recaps. Planning on working in Replay tonight and be back in action tomorrow to close off the week STRONG!!! Started with a green Monday, might as well as have a green Friday ! -tom n
  6. 1 point
    @alexander shanks Whats up!!!!!!!!!! Welcome back to trading!! I'm still in sim as well, but I think finding some time in the day where you can VERY consistently trade is going to be the best strategy. Notice that the open and close of the market have by far the most volume, so if you can catch the market open some days, but the close everyday, I think you could find some strats that will work well for you! I should also add that I have zero experience trading the close, this opinion is from the first principle that volume moves price action, the more volume, the more moves! good luck!
  7. 1 point
    Welcome @alexander shanks - I was born and raised on Vancouver Island! In response to your question about the DAS Replay function, yeah it's nice to go back and test some trades and see how the market flowed... But without L2 and not being able to add stop orders, you're learning with one hand tied behind your back. I wouldn't not use it, but you want to duplicate trading in SIM to trading live as closely as you can. The less variables that change the better; the psychology of trading with real money is hard enough of a change! Again, welcome - and don't be afraid to ask questions!
  8. 1 point
    Yeah, beginning of the thread is still the most up-to-date. Just use the spreadsheet for now
  9. 1 point
    You need to set up the desired hotkeys but it is not difficult at all! Below is a link to Aiman's most used scripts for hotkeys, have a look! https://docs.google.com/document/d/1zLMOpPymZfydidPuu_e0HXjvMjHCUbUoaWgVWab5DO8/edit
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