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Showing content with the highest reputation on 02/01/2019 in all areas

  1. 2 points
    Hey traders! You know me as Matt R, blowing up the chat with Pivot alerts. I never traded with pivots before about a month ago, but turned them on one day by accident and man, was I glad I did. I did some research on them and it's changed the way I'm trading. I'm calling out stronger supports, taking better less risky trades, and getting out much safer than I was before. For those who don't know what pivots are, here is a great article to start on: https://thesecretmindset.com/pivot-points/ Tells a little about them, how they're calculated, and taking some basic pivot trades. In my opinion, they're just strong reversal trades, but instead of you going on your own and trying to see a W, or head and shoulders, or ABCD, or any other things that are subjective, this is a level that every single trader with a computer has access to, and is staring them in the face. They are numbers that DO NOT CHANGE!! ALL DAY! Everyone on the planet has the exact same numbers. And you know what else that means? Computers have them too. Which, in this case (and not usually the case in day trading) is great. So have I figured it out and gotten 100% success? No. There are some times that I get faked out, just like any reversal. But my stop losses are shallow and my $10 and $20 losses are manageable when the rewards are so great. And now, I've started noticing even more trends with these. Here are the two main trends that I see on these trades: 1) NEVER take a pivot trade that is going against the stock (short a stock going up, long one going down) unless it CROSSES A MOVING AVERAGE! Just because the stock hits a pivot doesn't mean it will reverse. A lot of times a strong stock will just blast right through. I have examples of this in all three charts below. 2) If you do take a trade that bounces off a pivot and then crosses a MA, beware of normal resistances, like VWAP, other resistance, HOD, Open, etc. I have found that three (3) 5-min candles in a row or a MA cross of any kind mean the trend is possibly over and the pivot reversal could be done. COULD BE. Just keep your finger on the trigger. These things are not bullet proof, and are subject to the same issues other trend trades are. People can always change their mind, or news can come out, or whatever. We will not always bounce happily from one pivot point to another. That's it so far. I attached some photos of some charts of trades I did. I took a few false pivots and tried to figure out what happened. Each time, it was because I broke one of these two rules. The other thing you need to know is that you could be buying or selling on a bounce. That is ok. Pivots bounce 2, 3, 4, or even 5 time before breaking, especially over slow periods like lunch. See the SQ example 1. You need a lot of patience with this strategy. If you took the trade at the first bounce, you would have been at break even for some time. Stop losses are your friend here. Which leads me to rule #3. 3) Set your stop at a pivot trade above the highest candle wick above the pivot, which really shouldn't be more than $0.10-0.20 or so. See, so your risk on these trades is very small, so you can price/buy shares accordingly. As far as price targets for these, obviously the next closest pivot is the end target, unless the move is breaking one of the main rules! (It's not near a MA, no supports in sight, etc) Just pay special attention to each 'obstacle' as I call them. Once you've passed another one, it's one step closer to finishing the Pivot journey. The final thing that's exciting about these is holding a position long or short that's approaching them. In the last photo, NVDA was a trade I had long from open from another strategy. I held that puppy until $144.50 because of these rules (no breaking MA at pivot, etc). I hope this article helps! Again, this is what I've seen, practiced, and read. Typical disclosures, don't listen to me, I'm a nobody, do your own research, etc etc. However, these PPs are very exciting and I hope it will help all of us be more confident and able traders. Anything to give us a leg up over those other people, right? See you guys in the chat and let me know if you start seeing additional trends for us all to become aware of! Thanks guys! Matt R
  2. 1 point
    Updated: 8/8/2019 @ 12:44pm (PST) Finally out of the alpha stage and releasing this to the community, I've been using it with success. Because I had to do some musical chairs with memory I made a configuration utility as the script itself is very ugly. This is more of a BETA release for this, so if anyone wants to try this out in SIM and let me know if you have any issues with the configuration sheet or the hotkeys themselves. It's based on the work started by @fjmocke here: https://forums.bearbulltraders.com/topic/469-das-calculate-shares-based-on-account-risk/ . What it is: It's a hotkey command script that can be used to dynamically alter the share total based on: Available Buying Power (capital) Stop Location (Risk) % Account Risk OR Fixed Dollar Amount The script includes purchase power protection and won't send an order that you can not afford, it does this by calculating two factors: A - Shares You Can Afford B - Shares at Risk Parameter (e.g. $25,000 account equity, 1% risk = $250 risk, $250 * a stop distance of .10 = 2500 shares) min{A,B} = 0.5(A + B - | A - B | ) But, why male models? I just told you. /Zoolander reference You'd use this to calculate your share total based on what you're willing to risk. So instead of blindly throwing 500 shares at every setup, you can dynamically alter risked amount based on the per-trade setup. I use it on my StreamDeck (will also release the icon packs soon) with modifiers of 100%, 75%, 50%, and 25%. 100% is the A-Plus setups I see, those I have HIGH confidence in. Alternatively, if a stock has a large spread or is low-float, I may only use the 25% modifier key for those. Instructions for Configuration: Go to this link: V2.1: https://drive.google.com/open?id=1TJy7jRHhdMYGyyfKbbYd3M7j6bqxgeoy ^^ Recommend latest DAS version of 5.4.3.0. Requires DAS version 5.2.0.34 or above (current BETA branch as of 11/19/2018) for the physical stop portion to work. If you don't use the physical stop, you don't have to worry about it. NOTE: Thoroughly test in SIM to make sure it's doing what you expect it to do. Choose: Download the ZIP file and unzip to where you want. On "Setup & Instructions" configure your settings. Account Leverage (default for DAS is 4), this is the margin your broker gives you. Some off-shores give 6. It needs to match what is configured in DAS for proper calculations. Max Account Risk %. This is the maximum percent of equity you're willing to risk on every trade (default is 1%). You can always risk lower (more on that later). % of Total Buying Power. If you don't want to calculate based on the total buying power of 100%, you can set this to a lower percentage (example: 100,000 buying power with 60% here equals $60,000 maximum position size) Route. LIMIT, MARKET, SMRTL. Default is LIMIT. Order Bid/Ask Offset. This is the offset you use when you send the price for order, e.g. "Ask + 0.05" (meaning fill me up to 5 cents above ask) Time in Force. Default: Day+ Default Shares. This is the amount of shares you want to set as the DEFAULT SHARES for all trades (e.g. when you click a Symbol and it loads, this is the share total). You can see why this is here in the technical breakdown section below. Minimum Stop Buffer. This is an offset to the stop distance. If you set this to 0.05, it'll add 5 cents to the stop distance calculation (so if your stop distance is 0.05, it'll be calculated on 0.10). Switch to the "Hotkeys" tab. Choose your preferred style. % Risk of Equity (Dynamic) or Fixed Price (e.g. $150 risk). %Equity Risk: Use the drop down to select what you want the value to be % equity. NOTE: This is a modifier AFTER your account risk maximum %. So if you have 1% account risk, and set this to 50%, your effective account risk is 0.005 --> 0.5%. $ Fixed: Use the drop down to select what you want the value to be for dollar risk. Select "long" or "short" to flip the script's direction. Click the cell that contains the start of the command (E column) and Ctrl + C (copy). Paste it into DAS. It should look like a sample command below. Instructions for Usage: First, you must have "Double Click to Trade" turned on in Chart, Right-Click --> Configure --> Settings --> Double-click to trade. Double click the chart where you want to set a mental stop (it does not place a stop order, you can always put one in after). Hit your configured hotkey. Sample Scripts: LONG: DefShare=BP*0.98; Share=DefShare*0.25* Price * 0.01; Price = Ask - Price + 0.02;SShare = Share / Price; Share = DefShare - SShare; DefShare = DefShare + SShare; SShare = Share; SShare = DefShare - SShare; Share = 0.5 * SShare; TogSShare; ROUTE =LIMIT; Price = Ask + 0.05; TIF=DAY+; BUY=Send; DefShare = 500; SHORT: DefShare=BP*0.98; Share=DefShare*0.25* Price * 0.01; Price = Price - Bid + 0.02;SShare = Share / Price; Share = DefShare - SShare; DefShare = DefShare + SShare; SShare = Share; SShare = DefShare - SShare; Share = 0.5 * SShare; TogSShare; ROUTE =LIMIT; Price = Bid - 0.05; TIF=DAY+; SELL=Send; DefShare = 500; Technical Breakdown: DAS has basic scripting. Montage commands have access to very few read/write variables, basic operations, and only operators of addition, subtraction, division, and multiplication. To do this calculation we need additional operators (min function, and absolute function) and more memory for storage of variables. This command gets around these limitations by using user-writeable areas of memory in the program. Since DAS is written in the C++ language (from what I can tell), it's strict on what can be done in these existing memory locations. The hotkey uses the following items (plus the usual Price -- FLOAT): (Assumptions on Datatypes) DefShare -- INT (Used as a temporary variable for storage) SShare -- Unsigned INT (Behaves like an Unsigned INT in certain situations. Used as a temporary variable for storage) Share -- INT (Used as a temporary variable for storage) With the 3 INT variables, objects are moved around in memory so that we can calculate and compare with our variable limitation (be much easier if we could assign our own). To facilitate the ABS() function, we use a trick --> When a negative value is placed into an Unsigned INT it loses it's sign (thus, it becomes a POSITIVE value in memory). A more detailed technical breakdown (step by step) is located in the Configuration spreadsheet up above. Future Enhancements: If need be, I can make a step-by-step video of this entire process. I have a version that uses an AutoHotKey macro to drop a line at the stop location, I can upload that as well if people want it. ^^ Update, I discontinued this as it was too cumbersome. You had to have two sets of hotkeys for each command. I may someday revisit it if I can build out a configuration tool for it. TLDR: It does the math for you so you can risk a known amount (% or $) based on your per-trade risk position (stop distance). And yes, I'm a bit of a tech nerd. Also, longest post .. ever. Would not read again, 0/5 stars. --- KNOWN ISSUES: %Account Risk gets smaller and smaller when subsequent open positions Reason: No Equity variable, we reverse calculate equity using Buying Power. On subsequent positions, the % (e.g. 1%) calculation will be based on the available buying power and NOT the account equity. Workaround: Precalculate the %risk and use it for the $risk versions. So 1% of $25,000 equity equals $250. SSR rejection on LONG position when scaling out; rejection message (e.g. "Short marketable limit order disable due to SSR!") if using the automatic STOP trigger. Reason: DAS calculates that the position will drop below the open stop order position and reject as this can cause the position to "flip" if it was triggered. Workaround: Have a hotkey to clear the open orders (CXL ALLSYMB), clear it, scale the position (e.g. 25%). Either replace the stop or switch to a mental stop. Alternatively, you can add "CXL ALLSYMB;" to the front of the scale-out hotkeys. You just have to be cognizant to replace the stop order. Equated position size if very small (e.g. 4 or 5 shares when expected is hundreds). Reason: Wrong side was used for the order. E.g. a long hotkey is used when trying to go short. -or- Stop Distance was calculated to be a negative value (clicked too close to current price). Workaround: Be cognizant of the hotkeys used and the stop distance clicked. Clicking too close (a really tight stop) can be very dangerous if you do it inadvertently. TriggerOrder for automatic STOP placement not being sent (no stop order placed). Reason: Montage is not set to a style that doesn't allow TriggerOrder input. Styles not compatible are: Default [DAS's, if you changed it], Basic, OCO, Option, Full Fix: Use a style that is compatible, they are: Stop Order, Detail, Trigger -- I recommended using the "Stop Order" montage style. To change this, right click the montage area around where you'd enter a price and select Style --> Your Choice. --- UPDATES: 10/17/2018 - Added v.1.1 link, you'd need to use the new version to change anything. - General cleanup of the script. Added instructions for the IB issue (discussed in this thread) - NEW FEATURE: Added a new section to the Hotkeys sheet, it will now create a set up for Dynamic Scale-In hotkey commands. You'd use these by setting a scale value (say you want an additional 50% of your current position size). The hotkey will calculate the maximum share you can afford (how much you can afford at the moment) and the scale value, choosing to take the least amount. So if your current position is 1500 shares (@ $50.00) and you want to scale in at 50% your current position, it'd check if you can afford an additional 750 shares, if you can't, it'll buy the maximum you can afford. For this example, you can't afford it (if Buying Power is 100k), so it'd buy roughly $25k worth (500 shares). - CLEANUP: Cleaned up the $Dollar Risk version and removed unnecessary steps. Don't really need to replace yours if they exist, but worth noting. 10/30/2018 - Added @Michael P's suggested fixes for Excel. Configuration tool should now work in both Sheets and Excel. - NOTICE: This was a configuration tool change, no changes were made to the hotkey scripts, so no need to change any existing hotkeys. 11/19/2018 - Shortened some of the commands so we don't hit any hotkey character limit, makes them less readable, but shorter. Couldn't get them low enough to fit the montage buttons though (although removing the portions for the buying power rejection protection would likely do it). - Added a section for SELL/COVER buttons for people who just need to create those. E.g. "Sell 25% position" or "Sell 33% position". - Added @Robert H's stop suggestion. New fields on the setup page for enabling physical stops. If enabled, it'll place a MARKET or LIMIT (settings included) trigger order to go into the market once the initial order is fulfilled, these are placed at the location you double-clicked on the chart. 11/20/2018 - Added a stop-order setting to set an additional buffer for the stop price (for those that want to include or exclude the double-clicked price). - Added conditional formatting to subdue the stop settings that aren't required if you disable sending a physical stop into the market. 12/10/2018 - Added a known issues section to this post and the spreadsheet (for when a new version goes up). 12/12/2018 - Updated known issues section to include the "Montage Style" issue for TriggerOrders. 12/13/2018 - Updated to new version 1.46. Fixed a bug in the Trigger Order script which could cause it to not be interpreted by DAS's command parser on certain user settings. - Added "modifier" extra hotkeys. See instructions next to these on how to use them. - - - Set Stop to Breakeven - Long or Short - Stop Limit or Stop Market (cancels any pending orders for SYMB) - - - Set Stop to Breakeven - Bidirectional - Stop Market (cancels any pending orders for SYMB) - - - Stop - Update Price - Long or Short - Stop Limit or Stop Market (cancels pending orders, double click chart where you want stop before firing hotkey) - - - Stop - Update Price - Bidirectional - Stop Market (cancels pending orders, double click chart where you want stop before firing hotkey) - - - Stop - Update Position - Long or Short - Stop Limit or Stop Market - Replace (requires you double-click the original stop in the Orders window) - - - Stop - Update Position - Bidirectional - Stop Market Orders Only - Replace (requires you double-click the original stop in the Orders window). 8/8/2019 - New version 2.0, download the .zip file and unzip it. - Fixed an issue with some hotkey configurations that may have caused them to be inaccurate in vary rare situations. Recommend recreating your hotkeys in this new version, just to be sure. - Added Profit Target hotkeys. - Added % Scale-In Hotkeys - Added $ Risk Scale-In Hotkeys - Added Short-SSR to Long/Short dropdown for SSR hotkeys (DAS Simulator) - Added Range Order hotkeys - Added Y-Margin Scale Increase hotkey, Y-Margin Decrease, and Y-Margin Reset - Added new sheet "Example - Equity%" and "Example - $Risk" to give a more workflow outlook on what is happening. - Included a ScaleOut worksheet to manually simulate what different scale percentages / scenarios look like (instructions will be in the video). ALSO: Video is done and rendering, I think it comes in at 45minutes with 3.4gigs (4k), so it'll need to be optimized before I upload it to YouTube. Will try to do it today and will update this when done. 9/10/2019 - New version 2.1 released. Just general clean up (UI) and bug fixes. - FIXED: Issue with the Scale-In $Risk hotkeys. - FIXED: Issue with the Stop Update Price long and short hotkeys> ^^ If you use either of those, please regenerate them and replace in your DAS to avoid issues. UPDATES: The majority of this side project is completed and besides a few requests I have in with DAS developers to optimize a few things, out of any major bugs or improved scripting features, I'd say this is about done. I'll provide any edge-case support as need, but I want to move on to other BBT-community projects. So what do I have cookin' for you guys, gals, and cat? You'll see a glimpse in the video of an early prototype (buggy! I programmed that in a few hours, so bugs are expected) of a DAS calculator side program. The newer version (need to finish the UI) will incorporate a lot more in ways of tools for you, including automatically calculating changes without a hotkey intervention. It also allows you to mass-process trade log .csv files you may have exported and compile it into Excel or .CSV for import into other programs. Configuration is drag/drop friendly, so rearranging your columns is as easy as click and holding. I'm also going to shift my attention to finishing my ORB-strategy research. Right now, my datapool encompasses 15000 news article, gaplists for 2011-2019, and 1second data for stocks in that range. It's a data store of roughly 80 gigs. The idea is to test for hidden signals we may not see that can indicate a potential direction of an ORB strategy (if no rare outside influence occurs, like a terrorist attack) by leveraging a consortium of machine learning algorithms to give us a higher probability of success for each day. Depending how the research works out, the end product would likely be a probability predictor for each day. I'll share the research results with the community and may incorporate some other tests as well. VIDEO: Ok, so I may have gone down an editing rabbit hole and that took longer than expected. The videos are up, came in quite long so I chunked it down. Sorry it's a tad scattered and not one-linear cohesive unit, but I tried to mark it up as best as possible. Part 1 - Config / Math - https://youtu.be/YrRrydwGyRY Part 2 - Setup, Quick Examples, Tips - https://youtu.be/pXLlWF7T6hw Part 3 - Sim Trade Example - https://youtu.be/SO9UhJh4dTc Bonus 1 - Scale/Price Excel Calc - https://youtu.be/KTr_iJ2p0TU Bonus Tips - https://youtu.be/sNHXFMoia7A
  3. 1 point
    I am sure we will still post in the main forum for future meetups but we can use this topic as a place to post smaller interim gatherings as well when any of us feel like getting together.
  4. 1 point
    As you may know @Andrew Aziz was invited as a speaker to Modern Traders Summit in Montreal on June 22, 2019 https://bit.ly/2G1WSkB It would be great if we can arrange a meetup the night before, friday, june 21, please let us know who is available and what venues do you suggest!
  5. 1 point
  6. 1 point
    Nice guys! Please don't break Andrew´s trading account with drinks!!
  7. 1 point
    hey guys...if you get an error saying "Stop price is invalid" Go to your Setup menu and select Trading Settings and make sure the "Enable Fast Stop Limit Order" field is unchecked. The Fast Stop Limit Order will automatically treat all your stop orders as Stop Limit order.
  8. 1 point
    Greg, I am sorry things did not work out today. A couple of weeks ago, I was having exactly the same issues that you show in your trades. I really mean exactly the same. Recently I had 5 days in a row losing $150/day. The only reason I only lost $150 is because I have account controls with DAS that stops me when I reach this $150 limit. I had a number of common trader issues. Not respecting STOP levels, over trading, revenge trading trying to recover loses, not being analytical on how to select trades, trying to catch ORB within the first 5 minutes of the open, etc. I have taken some corrective actions that seems to be helping: 1- Every morning before trading, I hand write my rules for the day and keep the paper in front of me. It is important to hand write the rules. The human brain seems to process information better when the person hand writes it. 2- I modified my rules they are as follow: A- Wait 10 minutes before taking my first trade. B- Only take trades and setups that I am familiar with around the VWAP and have the potential of 1:3 or 1:2 Risk:Reward. I call these A+ setups. C- Set the stop loss at my risk per trade limit (see risk management below) and respect the stops. I enforce this with STOP range orders. D- Only take 2 trades maximum per day. If my first trade is a winner I stop for the day. If I lose on my first trade I will look for a second A+ setup. If I get stopped for a second time. I stop trading for the day. E- I do not trade after 10:30. If I am already in a trade and it is going my way I stay with it. 3- My risk management strategy is the following: Although, I have a fully funded account I only use 10% of my real equity to trade. If my account has $25,000. I use it as if I only have $2500 equity. So for trading purposes my equity is $2500. My broker gives me a 1:4 margin, so I really have $10,000 buying power to get shares. In other words when I trade stocks, I make sure that the number of share that I take can be obtained with $10,000 or less. I have set myself a risk per trade limit of 1% of the equity. This means that with the $2500 equity, if I get stopped out I will lose $25. I use this risk per trade limit to determine how many share to get. For instance is a stock is $10/share, technically I can buy 1000 shares with my buying power. However, if this stock can move $0.10 against me and I have 1000 share, then I will lose $100 which is way over my risk per share. Thus for a $10/share stock with a potential loss of $0.10, I would only get 250 shares. Now if a stock is $100/share I could buy 100 shares with by buying power, but if this stock has the potential to drop $1, I will lose $100. In this case I would only get 25 shares. There are different ways to manage share size to stay within the risk management. Some people have a set number of shares based on the stock price and price action. When they build their watch list they know for each stock the proper size to take. Other people use hotkeys that automate the share size based on Ask price and buying power. I personally use hotkeys that I have created for this purpose. I use STOP RANGE orders with my STOP LOSS at risk per trade ($25) and wins at 3 times risk ($75). If I make my $75 in my first trade, I stop trading for the day. If I get stopped on the first trade, I lose $25. In this case I look for another A+ Setup to trade. If I win that one at $75, then I will be up $50 for the day. If I lose my second trade, I will be down $50 for the day. I don't do more than 2 trades per day, I either my outcome is one of the following: +75, +50, -50. I use hard STOPs so, I don't let trades run against me. I also use hard stops for my target. So when I hit the 1:3 ration, I get out with a win. Sometimes on winning trades that look strong, I adjust my STOP and end up getting a 1:4 or 1:5 ratio. I use hotkey to set up to STOP orders. In order to be successful with this risk management plan is important to identify A+ Setups that have the potential to give 1:3 risk:reward. Not only do you need to identify them, you also need to enter them at the right price that could potentially give that 1:3 ratio. If the trade does not meet these conditions, wit for it or look at another stock in your watch list. Don't settle for less. If you select trades like this, you will have few losing trade and the winning trades will yield enough to overcome your losing trades. Obviously, this is easier said than done. Selecting A+ trades come with practice. For me this is the trickiest part of trading. Right now this is my main area of focus where I want to improve. This risk management works well with the daily rules. For instance having a rule of a maximum of two trades per day, forces me to look very hard for the A+ setups. Also, the 2 trade rule forces me to stop trading after. My theory is that in the long run I will be ahead. If my success rate at selecting a good trade is 3 out of 5 days (60%), in a week I can expect lose $100, but make $225 for a +$125 for the week. The better I get at selecting A+ Setups, the better it gets. Right now my main focus is identifying these A+ Setups and sticking to my rules. When I had those 5 losing days in a row, every single day I was up for the day but I continued trading and gave it all back and some more. 4- I don't use 1 Minute Charts anymore because they are too "noisy". The 2 Minute Charts allows me to identify A+ setups better. 5- At the end of the trading day, I look at my handwritten notes. Make remarks on what I did right and wrong. I save my notes as part of my trading journal. I also save my trades images with annotations of what went right and wrong. I also save my trade log. I review my journal to determine if I need to change my rules or risk management plan based on bad behavioral patterns that I identify. These are my rules and risk management. They seem to be working for me but they may not work for everybody. I am sharing because it is always good to learn what other people are doing. You probably need to find what work for you. Analyzing your trade with my strategy: For your FB trade you may have had a different view is you only look at the price action after 9:40 AM. You would have seen a doji and waited a another couple of minutes, then you might have seen the price bounce from a support around $165.50. The 2 minute chart might have shown a different perspective that could have helped. The AAPL trade was harder to see because it was trading in a narrow range from 9:35 AM until 9:45 AM. This period is a pure chop. In my mind when a stock is trading like this, it could go either way. I see these setups as a 50/50 chance. Not an A+ setup in my mind. Eventually it went up, but it could have gone down based on the indicators. When I see these chop patterns, I look for other stock to trade or wait a little longer. Following my rules, I would have stopped trading after AAPL, since I have a limit of two trades per day. I think the MSFT might have been easier to read with a 2 minute chart. Although, it is still a hard one to read. In the 2 minute chart you might have seen a shorter candle from 9:50 to 9:52 this could have made you wait another 2 minutes to make a decision. Again, I would have not traded MSFT because I would have already hit my 2 trades per day limit. On PYPL, I don't know if the 2 Min. would have shown better direction. Reversals are very tricky. I stay away from them because I usually lose on them. I like trading around the VWAP especially between 9:40 and 10:00 AM. After 10:00 AM, the patterns seem to change and I don't know how to trade them. I have taken some successful reversal towards VWAP, but most of the time I can't figure out the right time to enter a trade and end up getting chopped in a move like your first PYPL trade. Definitively, I would have not traded PYPL becuase of 2 trade limit, it is late in the morning, and it is not the a setup that do well with. I hope this helps.
  9. 1 point
    Thursday January 31st, 2019 Sleep: 8 hours. Mood: good, got in early and was prepared for the trading day. first two trades were in GE. both to the long side. i got in for the break of HOTD on the first one but i got cold feet and got out after a new 1min low for a small loss because i've been getting killed in the first fifteen minutes the last couple of days. then i waited for a new 5min high and HOTD but i think it was just the spread that broke it and it came down past my stop and i got out right after that. it ended up a couple minutes later doing what i expected on the first trade. Had i stuck to my original plan, i would have had one nice trade. i'm not upset about it. i'm proud that i'm managing risk and it needs work like all aspects of trading. GOOD: good R/R. RFI: should have stuck to my original plan MOOD: good CONSISTENT: No on the first, yes on the second trade. last trade of the day was a trend trade in AMD. it bought up in the first 25 minutes and i got in on a new 1min high for a small size and then added more at a new 5min high. i almost bailed on the trade because i was getting bored and the volume was dying off but i've been in this situation in the past when i get out just because it's not going anywhere and it ends up taking off. i'm glad i stayed in, i sold 75% at $24.51 and the last 25 I put in a range stop at $25 that did not get filled so i lowered it to $24.93 which eventually did get hit. GOOD: stayed with the trade even though i thought about bailing. RFI: put the range stop a little below the whole dollar. also could have got a better R/R MOOD: glad to get a nice winner CONSISTENT: yes. What i did good today: no emotional trades. kept my head in the game What i did bad today: didn't follow through on the first trade in GE What can i do better tomorrow: be careful getting out of trades just from a new 1min high or low against your position Other comments for tomorrow: Keep up the careful trading.
  10. 1 point
    Hi, everyone, I'm writing just to say that I figured it out. I kept messing with it and found out what I was missing: once you are in the hotkey setup window, choose tab "Order Script Wizard", choose your Sim Account in "Account" field and click on "Build Script" (this is the part I was missing), and then "Commit". Now it works perfectly, at least for me.
  11. 1 point
    Hi ! My name is Ryan, RHadley is my user name, I believe. Father of 3, VERY YOUNG Grandfather of 2...clocking in at 43 yrs old, I think ? ...and we are in the northwest burbs of Minneapolis, Minnesota. My background... I am a Journeyman Electrician of 20+ years. Most of that time spent working in Minnesota & the Dallas/Ft. Worth metroplex. 2 years ago I was hired as a data center Operating Engineer for Optum Services, Inc....the technology division of United Health Group. When not working...I am camping, backpacking, kayaking, listening to music or road tripping to go do any or all of those things...either that or at my son’s hockey practice/game/tournament, which is ALMOST a second job. Very much a newbie at day trading ! My only brush/experience remotely related would be activly managing/trading my retirement accounts & a small “fun” account at Robinhood. All of which I’ve been doing almost blind, very little education, research or method behind my moves. A wee bit of news, gut instinct and advice from my dad is all. I’m not currently down or out money...but not very up either... Strange right !?! I can’t claim I’ve always wanted to be a day trader or been in to finances for that matter BUT !! I’m 43....having just barely made it through the 2nd Great Depression around 10 years ago, especially in the construction trades...I am highly motivated to learn a new trade and in a very serious, very calculated risk/reward way, make up for lost time. My current job is a good one and I plan to keep it through retirement. I’m more behind a desk these days than working with tools, it’s a good balance....and also gives me the unique opportunity to focus on other things, such as day trading. I pack 40 hours in Friday night through Monday morning and I am off work M-F. I am very optimistic about having joined this group and look forward to picking your brains for all the advice/education I can get...or you can stand. If you see me out there...be nice ! I’m kinda socially introverted, even via text/online. Take Care ! Thanks for your time !
  12. 1 point
    Hey guys, I will try to make a tutorial video on my hotkeys for the streamdeck asap. I have updated the software and had no hiccups. I plan of making a combined video showing how I manage risk, share size, hard stops, all with hotkeys on 'deck'. The only time my strategy starts are become difficult is when the stock is moving too quickly to place appropriate stops (takes about a 1 or 2 second delay) at the technical levels so I am selective in what I trade.
  13. 1 point
    Current setup is a 40" 4k screen w/ 1920x1200 24" side monitor. Hockey pucks for stands (I have so many, I use them for everything). It's my engineering setup turned daytrader setup. Also, a picture of desk cat.
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