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Showing content with the highest reputation on 09/23/2020 in all areas

  1. 1 point
    I just went live risking small size and was trading from 6:00-800, then 9:30 - 11:30, then I'd try and catch the close. However after doing that just for a few days I realized it's not worth it, at least for me. The parabolic reversal strategy depends on a stock getting OVER extended which requires a lot of effort in the form of volume. So I really feel it's best to trade them the first 1 to 2 hours the market is open...then go live your life I was profitable in SIM doing that, it's been a little rocky since going live but I expected that, it's why I risk small size. I post video recaps everyday if you're at all interested. Hope all is well!
  2. 1 point
    Thanks Abiel! Works great! You're a genius dude!
  3. 1 point
    To my knowledge, there hasn't been a specific workshop on this topic but these items are addressed in other workshops. Some notes on the items below now that I have been live for a while. What to expect when transitioning to a live account Psychology is a huge deal when going live. Lower your share size and only trade small amounts until you stabilize. Rande Howell Mastermind Pro with Dr. Reid - (Requires BBT membership) DAS Platform changes to make Not much really, just your hotkey routes. Example for IB would be: SMRTL/SMRTM vs LIMIT/MARKET Notes on commissions and account types (Cash vs. Margin, Tiered vs. Fixed) Commissions are really cheap in general and you need a Margin account to go Short so I would recommend: Margin w/ a Tiered account (assuming IB as your broker) Anything else relevant to what a new trader might need to know. Day Trading Reality Checklist (attached) Kyle's Hotkey setups and a Stream Deck TraderVue or Chartlog for tracking your progress Everything listed above was very helpful to me so I wanted to summarize for those making the switch to live trading after trading in the simulator. DayTradingRealityChecklist.pdf
  4. 1 point
    This is a good topic and we can put something together on this. We will put a rush on getting this done.
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