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  1. Ha1212y

    Ha1212y

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  2. Jason H.

    Jason H.

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Popular Content

Showing content with the highest reputation on 03/30/2021 in all areas

  1. 2 points
    This is my first post in the community, I have been a member for approximately 8 months, been live trading for 4 months. I did a three month simulator, went live and then back to simulator for 2 months, now I am back live. In our community we put an emphasis on the psychology of trading. The more I explore this topic the more I realize this is the trenches of trading and it where battles are won and lost. A question was recently asked to me about "What is my relationship with money?", I have been genuinely thinking about this long and hard for nearly couple of weeks now and have been struggling to find a definitive answer. A little bit about my background, I grew up in a not so money wealthy family, but with all my family around it was never a belief that we were poor. There was never a shortage of anything and my mom worked hard to raise my sister and I. My father came into my life after we moved to the States from England and that is when money was a factor. At 8 years old it was the first time in my life I was away from the comfort of aunts, uncles, and cousins, everything was about money. My dad had a modest job, but was not earning a lot of money and that was the reason why he immigrated to the United States from England was to find his "American Dream" or what he felt it was. For the first time my mom was not working and everything went through my dad. He did not deal with the stress of having a family with the financial obligations it required too well. He had left England when I was 3 years old and did not have to worry much about a family for a long time. Now he had two kids and wife, who he needed to support and each had different needs. He was struggling, which at times led to a lot of arguments between my mom and him, I had never seen a husband and wife argue as my aunts and uncles must have done in their homes when I was not there. However, the argument always had something to do with money. I think this was the first time I ever felt that money was important as I did not have family around me to take my mind of it or out of focus. Time went on my dad achieved his "American Dream", with successfully buying and running 6 pizzerias. Money was coming in from all directions, we did not even know what to do with it. I was now 17 years old getting ready to graduate high school, it was not an issue of if my dad could buy me a car, it was which car did I want. Few months prior to graduation disaster struck, my folks were getting a divorce as my dad had let the money create divide between the family. He was king of the castle and ruler of all, he had money therefore he had the power. My parents split and my sister and I stuck with our mom as we had a strong enough relationship with her. My dad took all the money and disappeared, now we had no money. I started to despise money as I felt it was the cause of my family splitting up, but you still need money we did not have any. What a conundrum, I need the thing I despise. Further time has gone on, I have become financially independent and money is no longer an issue for me. I still struggle with losing money in trading even though it is small amounts, it bugs me. Why so much, why does it bug me that I am losing small amounts of money? It was expected, I knew it would be a part of the learning curve for day trading. I had established a business plan that stated if I stick to my discipline I would lose "x" dollar amount every month max and I would gain "x" dollar amount a month max. I realized through my journey to answer the question above "What is your Relationship with Money?", I do not lose money, it was taken from me and I take that personally. Which then takes me back to my parent's separation when money was an issue for me for the first time in my life. To combat this I came across a Ted Talks speech that I wanted to share the link is below. I need to not take losing money in the market as a person jab or insult to me. I need to look at it as, if I have done everything right, if I have followed my trade book, it just was not my day. The market was not out to get me, it was just a matter of circumstances that did not pan out. I would love to hear if anyone has had any similar issues and any feedback for other coping mechanism is most welcome. Thank you all for taking the time to read my post, it was probably a lot of info, but I wanted to share as much to get the most amount of feedback. Thank you again.
  2. 1 point
    I see multiple issues with this strategy 1) ORBs are so volatile that a 1 cent stop loss will likely be stop you out before ANY move in a positive direction 2) Your losing trades will not only be exposed to a 1 cent loss per share but also an additional 1 cent lost to round trip commission if you are using IBKR 3) A sharp move downward may fill a market order 3-5 cents below your avg cost, meaning $400-$600 loss on a single losing trade including commission
  3. 1 point
    This project is coming along nicely. I'm pretty sure this will be replacing both DAS and TI as one package that will be superior to both and cost less money. I've been writing bits of code, for which there is lots of help and documentation. For instance, here's a scanner that looks for 3 day inner Camarilla relationship:
  4. 1 point
    Wow, ur a little wizard........😉. how do u dream up things like this.
  5. 1 point
    Link to my Elgato icons and hotkey file: I built my computer specifically for day trading (and gaming!). I share a home office with my photographer girlfriend so I wanted to make sure I kept everything quiet and contained. My corner of the office is a standing workbench I custom designed and built myself to contain the tools, electronics, and gadgets I use to build "stuff". My 3d printer is also pictured. I built a Core i7 based PC on an Asus ROG Maximus IX motherboard, 32gb of RAM, and a Vega 64 graphics card. I have a Noctua CPU cooler that operates almost silently, and the machine itself is down in the corner so it's near silent. The iMac on our desk behind is actually louder. I installed an Ergotron arm to mount the monitors (a 34 inch wide screen and a very old 24inch monitor) to my standing work bench. I have gaming mouse and keyboard because I like the feel and I'm left handed so having an ambidextrous mouse is great when I switch to right-handed to game. The last part of my setup is a Stream Deck, a customizable keypad with LCD screens on each key which I've set up to trigger hotkeys for long and short positions. Each icon is custom color-coded so I can't mistakenly short a long position when I'm trying to sell, or something similarly boneheaded.
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