Hey - you can call DAS at 702-943-1881 and have it set up to be charged to a credit card instead of through Paypal 🙂

Fixed risk hot keys FTW! Does everything you need, sets a stop, manages risk.

Yes, that's it. If you size your positions fairly precisely, it will be a lot easier to control the losses and risk in general.

In addition to the above AHK code used the following command lines in a .BAT file : ================== echo off set SYMB=%1 start c:\Opera\DAS_Trader_Pro\launcher.exe www.finviz.com/quote.ashx?t=%SYMB% start c:\Opera\DAS_Trader_Pro\BenzingaNewsMacro.exe /f %SYMB% ================== BenzingaNewsmacro.exe is compiled version of the above AHK code. And also the hotkey/button command is : FocusWindow MONTAGEMAIN; Shell BenzingaX01.bat %SYMB% ; This solution requires custom adjustments depending on screen and app window size as it is written right now. Version 2 if developed will probably have auto login to BBT, protradingroom Chatroom and Benzinga website, so it will be fully automatic. So the dev tool to write and compile the code is cite4autohotkey it can be downloaded with all tools required to do most AHK development (i.e. WindowSpy used to get X. Y coordinates and window names). Using Portable version of Opera which is dedicated to integration solutions for DAS. BIG THANKS to all who contributed and collaborated to dev this Traders Tech Tool (TTT). @Justin who I also call "The Voice of Reason", VOR, for his brilliant suggestion. Thanks. On to the next tool. ................. Pls start a new thread with potential ideas and tag the past collaborators and see if we can help. Different members have unique skills and may or may not be able to help code but can provide other solutions to the trading process prob. Its all about streamlining the trading process.

Great stuff man!!! This is really motivating to see. You have been making remarkable progress dude!!!

I use a marketable limit to close long positions at ask+0.05 and have, on 90% of occasions, been able to get a fill at my preferred target. In the 10% of cases I don't, I simply move my limit sell down a bit until it fills and get out at a few cents under my target; but profit is still profit and in these cases, the price continues to push downwards. For short positions i always do a market buy to close. While I can expect 90% of marketable limit buy orders to fill; the 10% that don't could end up in a loss greater than what as planned, particularly if my stop loss is near a critical battleground area such as a MA, VWAP, or previous level. As a risk management strategy, I'm willing to risk a little bit of profit 10% of the time in order to get more optimal fills 90% of the time for long positions; however, for short positions I rather close at less optimal market buys 90% of the time to avoid getting trapped during the start of a bull run 10% of the time- which at least on the type of stocks I primarily trade (small caps with low float), can lead to a trade where my unrealized gains dwindle quickly, and I'm scrambling to place a market buy to close anyways.

Hi there, As far as I understand from your post, you may have misunderstood some things about risk management. And that's totally fine, considering that when you start doing this there's a thousand new bits of information coming at you every day. Long story short, the theory is not that you shouldn't SPEND more than 2% per trade, but rather that you shouldn't RISK more than 2% per trade. Let's take an actual example: You have 25K so 2% of that is $500 risk. Say you want to long a stock at a price of $10 and you put your stop loss at 9.50$. This means that you risk $0.50 per share, and given that your max loss per trade is $500 (2% of your account), then the calculation you have to make to decide how many shares you can buy is 500/0.50=1000 shares. Now, one thing I'd add is that, in my humble opinion, risking 2% of your account per trade is way too much, particularly when you're just starting out. Think about it, merely 10 losing trades and your account is already 20% down. I would consider the option of only risking a fraction of 1% because risking too much per trade can throw your psychology off balance in the middle of a trade and make you focus more on potential losses that you aren't comfortable with rather than the proper trade management that you need to produce consistent results. Hope this helps 🙂 Vlad

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