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Showing content with the highest reputation on 06/18/2020 in Posts
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1 pointHi All, I am having a hard time to get my stop loss to adjust automatically to the number of shares that I have when I am scaling out. If I have a stop loss set and scale out of a trade the number of shares in my stop loss remains at the original amount, and then if it hits that stop loss it will actually flip my position. For example, I buy 100 shares at xyz at $50 and scale out by selling half my position when the stock reaches $52, leaving me with 50 shares out of my original 100 shares. Now I move my stop loss up on the chart to break even. The stock drops and hits my stop loss but it sells the full amount (100 shares) and now I have 50 shares short, which I didn't want. Is there any way to have my stop loss automatically adjust to the number of shares I have when scaling out? I contacted DAS support and they said there is not and recommended using the script Share=Pos;Replace. I am hoping they are incorrect. The problem with the script is that I need to double click on my open orders to do so, and then that pulls up my STOP position on the montage window, then I hit the hot key, but then my montage window is now on my STOP on my STOP position and I need to manually toggle back to my original position to get my default montage window back before I can start scaling out again. All of which takes a lot of time and is subject to error. Appreciate any answers!
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1 pointGood morning Team, How would I modify the Kyle hotkey to set a limit entry order at a set price as well as set a stop loss price and have the algorithm calculate the number of shares like it does now. For example, current price is at $49.97 and I want to enter a position at $50.07 and a stop loss at $49.53. Right now the Kyle hot key would set the stop loss at $50.07 but enter the position at a marketable limit, however, I want to set that exact limit trigger entry price to enter the position as well as set the exact stop loss price then let the hot key calculate the shares exactly as it does now. I would appreciate anyone's feedback if you have accomplished this or Kyle would consider developing it if there is enough interest. Sincerely, Travis Weirich
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1 pointThat's the bees knees right there bro ! I took $KR off my list this morning because the level 2 was so sparse, but looking at it after it opened it was definitely playable, I gotta start focusing on catalyst stocks more! well played.
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1 pointHi Guys, Thanks for the replies thus far in this thread. My thoughts for originally posting this was for longer term trades. I would like to be able to set my profit targets and stop and then walk away. As it stands right now, if one profit target hits (if I am short for example) and then hits my stop, I will now have a long position. This is what I am trying to avoid and the cancel/replace hotkey doesn't really accomplish this as I would have to be in front of the computer.
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1 point2020-6-17 <SIM> I promised myself all trades were being published here today... Result -6.6R On a positive note: Here is the Trade of the Day: $BYND +4.0 R Moment play as the positive for the day stock holds VWAP. Great entry as it kicks into gear... A little aggressive with no partials, but it paid off...! Trade of the week so far ! What should have been the Trade of the Day This one really burned me this morning and I think I am still steaming typing at 8:41 tonight... Took a 5 Minute ORB on $BYND and got stopped out...well if you watched this stock today you know it launched from the open... Look at how fast this moved, it dropped 60 cents in two seconds. I put in my order and the next thing I knew I was stopped out and the stock was going green... My after thought was I should have re-fired into the trade, but looking back that would have failed to as the 9:36 candle would have stopped me out a second time... Ideally this would have been a 5R winner...I am sure there is a psychology lesson here more than anything else on how this effected me the rest of the day... Trade 1 $BYND 1 Minute ORB -1.26R Went short failed, -1.26R Trade 2 $NCLH -1.13R 1 Minute ORB went long, stopped out. Trade 3... "What should have been the trade of the day" Still steaming... Trade 4 $BYND -1.1R Tried to catch the reversal, should have waited for a confirmation candle. Stopped out. One minute to early Trade 5 $BYND -.9R I had a support and resistance line marked from prior trading days at 163.15... $BYND, went through, didn't wait for a confirmation candle...stopped out. Trade 6... $BYND -1R Some type of error on my part...566 shares...out of the trade one second later (???) Trade 7 $BYND -1.4R Oh wow, the green and red markers just came off my charts...It is after midnight EST...I wonder if they disappear...shoot... Note: Complete journaling before 9PM PST...! Calling a reversal a go long. Only 77 shares. Stock pulls up and down so I add 100 shares and adjust my stop. Out shortly after. Some game plan ! Remind me not to do that for a while ! BREAK TIME ! I have a rule of three red back to back trades is a 5 minute break. I should have had a couple of these already. So I hold out for not quite five minutes but then...Make the trade of the day for 4.6R !!!! Trade 8: Trade of the Day Trade 9: $BYND -1.1R Bad Trade, Bad Strategy, time to stop for the day... Trade 10 $BYND +.66R Glad it was green ! Stock jumped over VWAP went long and sold the next candle because I was done for the day ! Afterthoughts Just did not feel well today at all. Took a 5 mile walk around Lake Miramar here in San Diego. Still didn't feel right. Not sure if I didn't get enough sleep last night or just stressed out in general. On top of all that I know that Trade 2 sent me steaming for the morning. Looking back I should have just shrugged it off and kept going. Need to embrace my rule specifically, three bad trades take a break. Also was going into today to only take A+ trades, got thrown off of that this morning. Will refocus and be back ready for a good day tomorrow ! Take a break after 3 red trades. Don't let a loser throw you off track. Stick to the game plan...A+ Trades. That was the plan going in, got wayyyyyyy off track of that today. No new strategies or make up strategies as we go along. Need to master the psychology of this. Time for a good nights sleep !!
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1 pointJustin, Thank you, I really appreciate it. Yes, you are correct it needs two inputs: 1. the limit entry price and 2. the stop loss making it a bit more complicated than the current hotkey. I look forward to your feedback. Travis Weirich
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1 pointHey @Travis Weirich, in order to do it with Kyle's hotkey we would need to split the hotkey in two. One hotkey to record where you want the stop loss, and then one key to record where you want your entry. In order for the math to calculate how many shares you need based on your margin/risk profile, we need those two points. In the current hotkey we only need to click once, because the second point is automatically given to use by being the current price. I have some interest myself in this... I'll have a crack and get back to you!
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1 pointNice catch on $SPY, really interestnig volume candles imo, especially the hammer on the 1 min it bounced from That's a whole lot of volume for a very narrow range...interesting...
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1 pointWednesday SIM +3.1R NCLH=+0.7R , I usually prefer a pullback before entering, but this had a big gap down and I thought it was getting short squeezed, so I hopped in and took quick profits. BYND=+0.9R, 1MinOrbUp BYND had good daily setup for BO. I partialed too early on this trade, but BYND is very erratic and spready so I'm usually extra cautious with it, but still, it didn't show any signs for me to partial that soon. RCL=+0.17R. I chased this trade. I was not watching it until 10 seconds before I entered. A good entry would have been 3rd or 4th candle, but like I said, I only have a few charts available at a time on my laptop. 1st ROKU= +0.7R. 5MinOrbUp after second test above VWAP. 2nd ROKU= -1.1R. Tried lightning bolt down trade and got stopped out. Looking back now, it was an early entry, it had just touched VWAP a couple times, but had not passed above yet. 3rd ROKU= +1.8R. Still thought this was a good lightning bolt down pattern, got good partials, then added like Thor (100SMA). got a bit nervous and sold my add the next candle. (This pic actually has all three trades, it was Long, Short, Short+Add) good day overall, need to be more self aware about not partialing too soon.
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1 pointI uncovered some sort of bug in DAS that lets you add new rows to a watch list without having to use the right-click menu. It can save time depending on how fast your keyboard skills are. Here's a GIF of the steps: I normally do this first thing every morning to quickly add 20 rows before building my watch list.