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  1. Paul aka Aurbano

    Paul aka Aurbano

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Popular Content

Showing content with the highest reputation on 02/22/2021 in Posts

  1. 1 point
    Thanks everyone for your responses. I agree with the idea of risking less. I am going to go live 3/1/2021, but I am only going to risk 0.1% of my total portfolio balance on any on trade max, mostly I will only be risking 25%-50% of that amount, so really only 0.025% or 0.05% on a trade. For example, with a $30K balance, I will risk only $7.50 to $15.00 loss on one trade and my max loss for the day will be set to only $30 with a profit target of $60 a day. So basically, it's almost the same as trading in sim since my share size will be so small it's nearly meaningless in terms of dollars but will get me use to trading live again. I will only start to slowly scale up on a monthly basis as I am consistently profitable. If I am not consistently profitable I will not scale up at the end of that month and might even consider going back to sim until I get it figured out. I have Trading in the Zone on Audible. I agree it's a great book! The reason I am focusing on trading in the morning is that I have to go to work at 9, AZ time, which means that I only have about 1 hour to trade each morning. Since I have been trading since October in sim and have been net profitable each month, I feel like I am confident enough to risk 0.1% going live, but not more yet, I do not want to jump in with full size right off the bat. I figure I can continue the learning process in live. I do not have to be an expert before going live, I just want to have a good plan and probability of success. I know that trading live will be very different, from a psychological standpoint, than trading in sim. I know this because when I started out my trading career (if it can even be called a "career" at that point LOL) I started out as one of the dumb rookies that thought he was going to start trading and be instantly profitable haha. As you already could probably predict, I was dead wrong! After blowing up my account, going from about $26K down to $8.8K, I finally admitted to myself that I was not doing it right and went to sim and back to the drawing board. Fortunately, I made back all my money, and then some, on a longer-term investment/swing trade on $DIS, so now I have $30K. I don't want to blow it up again! I will manage my risk and I won't blow it up again! It's amazing looking back at all the earlier trades I took when I blew it up and how obviously wrong they were. I basically made every mistake in the book. After 1 year, I am still a newbie, but man have I learned a lot since then! Now I just need to continue trading live the same way I have been trading in sim for the past 4 months or so and I will continue to be net profitable and can eventually get the confidence to scale up.
  2. 1 point
    It's not what you think unfortunately... It's a pretty useless feature in my opinion. It simply shows how your unrealized P&L is progressing over time. Why you would want to know this 🤷‍♂️ You click on the Title Bar of a chart and type !ACCOUNT.UNREAL (Account is your account number). The chart below shows that I was down about $10, but in the 6th minute I was back up to $1.60! I'm guessing you were hoping to see profit targets on the ticker you were trading... Like seeing where 2R, 3R, etc. is at based on an entry and stop? Been asking for that for over a year 🙄
  3. 1 point
    Not quite true Peter. TOS "live" is not even close to the responsiveness of DAS charts. This hotkey is exactly what you're looking for. You can place the open order above the HOD break (or below the LOD break), and it'll only enter if it hits.
  4. 1 point
    Monday 22.02.2021 results 1 loser 2 winners +2,6R trade 95 -1R trade 96 +2.1R trade 97 +1,6R
  5. 1 point
    https://www.trade-ideas.com/ti-and-trendspider-thank-you From the webinar tonight. Well worth the price for Trade Ideas for me. Only good for two days, TS might be one day.
  6. 1 point
    Well, I think that 1 min and 5 min orbs are deceptively difficult. There is a lot more going on than just a well defined opening range near vwap. You need to be fast, have very strong psychology and also have an EXCELLENT intuition for momentum. I'm not saying you can't do it, but what I am saying is that it's a difficult way to trade. From my perspective it seems like most traders that are great at trading the open spent a LONG time trading other non-momentum strategies. I know Thor was trading ascending / descending patterns for a while, Aiman doing ABCDs for like 8 months or something crazy, Andrew has a lot of content trading VWAP strategies when he started ect.. OF COURSE you're nervous, how you perform in the market any particular day is boiled down to how well you trade within a 10 minute window, it would be strange not to be nervous. And you know what? The market isn't always going to give you crisp nice 1 or 5 minute orbs on a daily basis, it's just not gonna happen. I'd spend time on strategies that are not based on momentum to practice dealing with the emotions that are tied with risk (mostly fear), risk management, and VPA. Andrew makes it look easy, but make no mistake, the dude is a stud, and he's been doing this for years. If you're WAY too stressed, then I think the answer is always to risk less, even if it's in SIM. Trading In The Zone by Mark Douglas is a great book too, I think you can get the audio book for free on Audible for a month. Just my opinion 😛 Hope all is well, -Chris
  7. 1 point
    I do this 5 mins before open.......why ? cuz I am feeling the pressure then, heart is racing............and so I calm myself down "knowing" I have a solution........required continuous practice. U can only manage it, if ur mindful tht it is there.
  8. 1 point
    Hello Jeremy! I was specifically able to successfully combat this problem by using DAS replay. What I would do is, go to the moderators' watchlist in the morning and write down the names they were watching. Then I would trade in the morning how I regularly would. On the weekend I would select one of the mid-cap stocks I knew that were in play from that day, but one that I did not trade. I would try to one-off trade on DAS replay with no pressure of actual money and with a time line (9:15 a.m. - 10:00 a.m. EST) when I would stop. If I ended up not taking a trade because the stock was trading like trash, then good. (A whole 45 minutes of no trades, ouch!) If I lost money, but I followed my rules, great! Then I would replay it again, and try to get the perfect execution in regards to my strategy, but I would do it with the simulator still in real-time. I did this to take my 'visualization' a step further. I would replay as many times as I could to force myself to 'get it perfect'. That way I could sensitize myself to proper management and be able to say, "This is what proper trading feels like." The passage of time is the same, but in this instance, you are performing as a 'pro-trader' would. This is legit what I did. I still do it when I fall off the deep end. Bailey Nevener
  9. 1 point
    gettings the news headers from the finviz page based on the ticker symbol is easyly achivable using the same webscrap technology I coded for the ticker information .... you can setup a hotkey with DAS and call the python script on a command-line window .... that is very easy, however, since bezinga news is super powerful and updated frequently, I see no benefits on getting the news straight from FinViz..... More over, TWS has a powerful news subsystem backed up with bezinga and reuters. The chart will print a yellow horizontal triangle inside the 1m candle that the news was publicly released, meaning, real-time news on chart. You sincerely cannot top that 😅
  10. 1 point
    TTT sounds good to me too ! i am all-in with it hehehe I think that tech is important step in the traders life and it must work for you, not the other way around... Also I'd love to spread the kindness of TWS which is a very powerful and suitable trading platform for lot of traders not interested in scalping.... So, short answer: count on me ! surely we can develop some cool tools all together @Alastair @KyleK29
  11. 1 point
    Hey Carlos, I've been buying (and relying on) UPS's for years and after many experiences with different vendors I've come to trust only one brand, APC. I'll warn you now, they're not cheap. A few other tips to think about... Size Matters When sizing your UPS device be sure to consider more than just your computer. Think about all of the critical devices between you and your broker. You've got your computer, probably the router, an internet modem of some sort, multiple monitors, etc. You'll want to be able to put all of those items onto the UPS. The goal is to survive a power outage, or even an momentary brownout, with no impact to your trading desk. Most ISP's bring your internet service into your residence over fiber, CAT6, coaxial cable, or phone lines, and as long as your on-premise equipment (the modem) is protected by an UPS, your internet connection will actually continue to operate just fine while your residence is completely powered down and in the dark. Next is your router or switch. Then your computer and monitors. Get all of those things onto a strip or two that is then plugged into the UPS. It does you no good if your computer is up, but your monitors are not, or your internet modem is dead. Time Matters Depending on the model of UPS you pick, you'll have varying levels of time before it's power reserve runs out. At the low end you should have no less than 15-20 minutes, on the high end some UPSs will give you hours. Either way, you'll still be in control and have time to either exit your positions or stay in the market. The amount of money you spend on an UPS will largely be dictated by this decision alone, how much time do you need to have in reserves. If you only need 15-20 minutes you can get by with a less expensive model. If you require all-day trading, then it's going to cost you, potentially in the thousands. Have a flashlight at your trading desk, cause the only light you'll have is whatever your monitors are putting off. Those of you with black backgrounds will have less light than those of you with white backgrounds (naturally). Simulate an outage until it doesn't phase your nerves Once you're all setup, I recommend doing several live tests. Not in your live account of course, but in your simulator account. Have someone randomly shut off the breaker to the circuit feeding your UPS and measure how much time you have with all critical devices plugged in. You're going to need to remember this number. Establish and practice your emergency procedure for exiting positions and taking your accounts flat. Most UPSs throw an audible alarm when power goes out. It can be a very nerve racking experience, even for the most emotionally stable trader. So, in a controlled fashion, when your money is not at risk, simulate an outage and practice your response procedure(s) over and over until it doesn't phase your nerves at all. "Oh, I just lost power, ok, I need to do X, Y, and Z." Cool as a cucumber. The reason this is very important is because in the heat of the moment you need a cool head to be able to focus all your attention on exiting your positions. If your freaking out about the room being dark, or the UPS alarm squawking in your ear, you're at risk for making bad decisions. It is a really weird feeling when you lose power unexpectedly, your entire house (or neighborhood) is dark, the lights are off in your office, it might be pitch dark, the UPS is the only sound squawking loudly, but meanwhile your ISP modem, router, computer, monitors, trading platform, etc. are still lit up and operating like nothing happened. Prepare yourself for this and practice it regularly so when it does happen you brush it off and keep your cool. I couldn't fathom what it would be like to be in a heavy position and everything just goes black. Traders worst nightmare. best of luck, Uncle B
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