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Showing content with the highest reputation on 07/13/2020 in all areas

  1. 4 points
    Monday - July 13, 2020 Futures Watch /ES opening Sunday night 3183.5 and traded somewhat range bound, testing those lows twice before slightly trading higher into 3204 this morning. We're past the Volume Range High and breaking multiple pivot highs from last week's session, so a return to 3175 support before heading higher would be ideal for strength. 10D 30M Chart /NQ opening Sunday night 10848.5 and trading range bounce until breaking out this morning into 10950. We're right at the Volume Range High and the Profile overall has a lot of weak areas with very little volume, so hoping we can pull back and fill those 'holes' before continuing to head higher, because any downside will be fast. 10D 30M Chart /RTY opening Sunday night 1423 and trading range bound into the morning session, still no breakout of the initial highs after Sunday open 1438.3. Inside the Volume Profile Range, so still waiting for some directional bias, using Index ETF for ideas with wedge breakdown failing and retesting 145 on the table. 10D 30M Chart Premarket Review at 9:00 ET Index ETFs up roughly 1% or higher, $QQQ breaching slightly above Daily Chart Channel high 265 area, $SPY gapping over remainder of overhead gap 318.22 and into 'Island' price levels on Daily Chart, and $IWM back inside daily wedge heading back to test 145 resistance. Interesting Futures: Silver Futures up over 3.25% and been rising all morning. Volatility Futures down 1.8% and back near 27.92 low support on 07/02. Bonds down slightly, but $TLT right at daily range support 165.25 area after last week breakout. Premarket Sectors at 9:15 ET Strong Sectors: Financials gapping up above resistances and up 1.4%. Consumer Discretionary gapping up 1% and ATH on SPDR ETF. Tech is in line with SPY gap up. Weak Sectors: Nothing showing relative weakness yet. Things to Watch: Hard to watch given DAS NYSE Data issues. Watching Oil Tankers given movement last week ($NAT, $STNG) Tech for any loss of momentum with a large risk/reward to the downside $WKHS - Hearing Roth Capital Partners Raised Workhorse Group Price Target From $12 To $27; Unconfirmed
  2. 1 point
    TL;DR: Here are some sheets with concise information about strategies members of BBT use. Shoutout to the mods and contributors for the information for these strategies. After watching Peter's amazing presentation about his 'Mountain Pass' strategy a couple nights ago, I put together an information sheet with the setup details similar to ones I had already created for a few other strategies. After putting together the Mountain Pass sheet, I decided it, among the others could be useful for my fellow BBT community members for any of the following reasons: You could use them for your playbook. If you like the layout, you could use them as a template to make your own information sheets/playbook. They could serve as a tangible, concise, introductory resource for beginner traders, who are new to these strategies. The strategy information has all been taken from the education center, success webinars and Andrew's books. I take no credit for any of the theory behind the strategies or any of the images. All credit goes to Andrew, Carlos, Peter and Hiltzy for laying out the strategies so well. I plan on doing more of these as I expand my playbook to include strategies such as Rising Devil, Fallen Angel, 1-Minute ORB, etc. So I will share those in this thread as they are made. If you have any comments, criticisms, or if I have information wrong about any of the strategies, let me know and I can make some adjustments to the sheets. Also, if you have your own playbooks / strategy resources you'd like to share, you can do so in this thread, I'd love to see what you've done. Note: Some of the information, particularly the rules such as "Place stop losses at technical levels." are notes I've made to myself based on results I have found. Some of these may not apply to you individually. Here is what they look like: The files for each strategy will be posted below.
  3. 1 point
    Thanks Andrew for all of your journals and progress. You're moving fast. I'm trying to do the same, still in sim. How do you create these beautiful trade snapshots with the text and boxes? I'm also using DAS, but haven't found the text and box tools yet.
  4. 1 point
    I have been in your situation 2 months ago and I did ordered 3 more months of sim. I would suggest you to do so too! I see much better trading and consistency now than 2 months ago
  5. 1 point
  6. 1 point
    Matthew, How generous of you to take the time to put this together! Thank you!
  7. 1 point
    Thanks very much for putting this together. Very helpful!
  8. 1 point
    Yo! Just an observation it seems like your quick scalps in the first 5 minutes are actually helping, where maybe 5 mins + being more patient might increase the R count. Your hit rate is insanely high! keep it up, grats on the good first week back!
  9. 1 point
    You can go live and start very small, ONLY IF YOU HAVE AN EDGE on your trading, only if you already master a strategy or two with good expectancy. If you go live small without an edge, proven strategies and discipline, you´ll start losing small, every day, building up frustration, anxiety, doubts about your skills and future as a trader, risking yourself to a hulk day. You will blame your "psychology", your "mindset", but I have news for you about "psychology": Said by a Trading Psychologist. So yes, trading small without an edge won't end giving you an edge. Trading without an edge, thinking you have one, will cause serious damages to your self esteem and mindset, even you could become traumatized, and that will be very hard to overcome. There is a lot of self pressure and self deception to go live before one is ready, avoid that. Imagine if an airplane trainee ask to fly a 777 full of people because "sim is like a video game". If you don't have the edge, the discipline and the patience in sim, you won't have that either trading your hard earned money.
  10. 1 point
    More does not necessarily mean better. I would not want to see any one person lead their own chatroom all day or even for a few hours. It would exhaust that person and can cause overtrading. The heightened required focus of trading for say 1 hour is similar to working 4 hours at a conventional job in my opinion. It's draining. I like the current structure of how the mods have broken out the time slots. Andrew/Brian have mainly traded the open, Norm and Thor continuing trading later in the day using different strategies, Aiman, John, and Jarad jump in as well, with Peter and Mike towards the end of the day with Dr.Katz calming our psyche. However there may be value in seeing how each individual handles trading near the open, and perhaps could have a 'mod lead day' for that now and then.
  11. 1 point
    I will disagree and say that I think it's better to have everyone in a single room - it's nice to be able to see the different trading styles of different mods. As a trader, everyone needs to develop their own style. As such, I learn a little bit something different from each mod, and if every one of them had their separate room then you'd be essentially picking a room and you'd miss out on learning opportunities from the other mods. However, it would be nice to have some more mods on the microphone in the morning other than Andrew and Brian - during the open I typically not visually watching the room, but I am listening to the audio in the background. Being able to hear a few of the other mods will also give insight to their thoughts and strategies during the open.
  12. 1 point
    I'm hoping someone can recommend a simple PC setup (make/model, etc) for a new trader who has been a lifetime Mac user. Any suggestions on making the transition easier would be great as well!
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