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Showing content with the highest reputation on 11/29/2021 in Posts

  1. 1 point
    Keep in mind that I have been trading for 2.5 years - so I've gone through SIM trading, I've traded every dang strategy out there, I've been with BBT for a little over 1.5 years now and have seen almost every webinar and education video, I did the PCT bootcamp...I've worked through a lot of wins and losses to find out what works for me and what doesn't (and I still screw up and take bad trades even when I know they're bad trades!) This morning on AAPL I did a quick scalp on the 1-min ORB based on price action and what I saw on the L2 before the bell (with VWAP as my stop). Then I shorted it at HOD (stop loss a few cents above HOD) at 9:49 because of the wick pushing price action down. Then I shorted it at 10:03 (stop loss a few cents above HOD) for a double top. Keep in mind - I take my profits quick because although some trades do run - most of them don't seem to for me (and I don't have the patience to wait them out)! Double tops are by far my most profitable trades....unfortunately I don't have the self-control to wait for them to form most of the time. I heard it so many time over the years...."You'll eventually find what you like to trade" and I spent a lot of time thinking I found it. You need to play around with a lot of strategies and find out what works for your brain. I.E. - ABCD's don't work for my brain at all. I'm best when I trade for the first 30-45 minutes and walk away. No matter if I'm up or down after that time - 95% of the time if I keep trading, I'm gonna make myself red or redder for the day. If I hit my max daily stop in the first 5 minutes, I'm pissed because I lost money and I wasn't patient and now I can't trade more for the day. So that helps me chill out and wait for trades that make sense to me. And although I wanted to be one of those people who has 10 different stocks up on my screen - I found that just makes me frantic and I miss every trade trying to catch every trade. One of the BBT videos was someone saying they only trade one stock every day (I think it was TSLA) and I decided to try that and it works much better for ME. Maybe I can work up to more, but for right now this is what works for me 🙂
  2. 1 point
    Sorry for the delay in posting the file. But anyway here it is. As mentioned previously it is a revision / expansion of the Total Trader file. It will only work in excel as the macros use visual basic. As it uses macros the file needs to be saved as a macro enabled excel file .xlsm You can download the file from Google Drive using the link below. Any questions / corrections / suggestion message me. https://drive.google.com/file/d/1G5fKj600EDBfM--QNMzQxxOmEkDCJUDF/view?usp=sharing FILE USAGE INSTRUCTIONS (also included on the "INSTRUCTIONS" sheet): The default in the file is an account size / starting balance of $25,000 and risk of $50 per trade. These can be adjusted as required on the "INSTRUCTIONS" sheet. The file calculates commissions for either CMEG, IB (tiered) or excluding commissions. If you select to include commissions (using the "ON"/"OFF" switch) the file will estimate fees as well. The fees are an estimate only and I tend to overwrite them when the actual data is available from the broker to ensure the account balance is 100% correct. First step is to enter the Date for the trades on the "INSTRUCTIONS" sheet. European format DD-MM-YYYY. The file is based on loading the "Trades" report from DAS. The columns in the report should be structured as below. You then copy the data in the Trades report and paste (past values) into the "DAS_DATA" sheet in the file. I then tend to sort the data. Select the data from cell A2 to the end of the data (A2:H6 shown below), select Sort and Sort by SYMB then by TIME. Then run the "Analyse DAS Data" macro using the button on the "INSTRUCTIONS" sheet. It converts the data shown above to identify the trade direction, duration, total profit, commissions and Fees, gives an ID number, win/loss etc. Add some additional data on the first row of each trade ONLY (the rows with a Trade ID): Add in the STOP price when you entered the trade (used for calculating the overall reward to risk), the Strategy you were following, then (based on the strategy indicators you have defined for the strategy) you enter a 1 if the indicator was present at the point of entry or 0 if it was not present. This gives a way to track which indicators are key or for example the success rate of a setup if more than 50% of the indicators are present at the point of entry versus the success rate if 100% of the indicators are present. Enter the timeframe of the chart you were using for the setup. If the setup was on the 5 minute chart but you used the 1 minute to get a better entry, you should enter "5". Enter a wellbeing score from 1 to 10 (10 being best). If you want to track some comments you can also enter a tag line and a key takeaway. Example when populated Then run the "Transfer Data to Journal" macro using the button on the "INSTRUCTIONS" sheet When finished you will see this message (click OK): Data is transferred from the "DAS_DATA" sheet to the "JOURNAL" sheet. "JOURNAL" sheet feeds the "CALCULATIONS" sheet and the blue sheets "WEEKLY_CARD", "SCORECARD", "DASHBOARD", "STRATEGY_STATS". Clear the data from the "DAS_DATA" sheet with the macro "Remove DAS Data" button on the "INSTRUCTIONS" sheet. I set the excel calculation options to "Manual" when using the file to speed the macros up. Then each sheet should be refreshed after the DAS data to Journal sheet successfully completed. There are buttons on the Blue sheets to calculate the sheet and charts. What can you get out of the file? Examples below are using the single trade AMD example from above. Obviously the more trades loaded, the more informative the analysis, but this gives a small flavour... A moving weekly scorecard that can be refreshed using the drop down list selecting the week end date: A total Scorecard tracking the account from inception to current date: A Dashboard with detailed stats across a range of elements that can be viewed on a total basis on average basis: A Strategy Stats sheet with in-depth tracking of the Strategies you have defined
  3. 1 point
    @Destiny I have done DNA and almost done working through Winning Trader. Their education is higher quality than the majority out there and I personally recommend them. Between SMB and BBT, you will see a return on your investment in your trading education if you put in the work and are disciplined with your trading. It has definitely made a difference for me to think and trade more like a professional. When I have adequate sleep, my day job isn't overwhelming/busy as heck, and I have time to implement a trading plan the night before and apply everything on the open, it makes a big difference in my trading performance.
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