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Showing content with the highest reputation on 05/03/2019 in all areas

  1. 4 points
    My elaborate setup with my new favorite movie .. based on a true story. No that's not my real setup, I use three watches. But seriously, I can't share my setup (currently building a new desk), so I thought I'd have some fun with this. I'll show myself out.
  2. 3 points
  3. 2 points
  4. 2 points
    Guys, you all are KILLING it in this thread!!! I thought I had a pretty decent setup, but I’m jealous of every one I’ve seen. Great stuff!
  5. 2 points
    Day trading is certainly not as easy as it looks from outside but being in a community like Bear Bull Trader helps tremendously. Set realistic goals, be serious and disciplined, do your homework and continue to learn...
  6. 2 points
    Andrew, Here is my trading computer/monitor set up with my standing desk in our office. The window looks out to the pool, but it's just a teaser, as we're still getting snow in May in Rochester, NY. Thanks for founding BBT. You guys are one one of the friendliest and most civilized group of traders. I am glad I joined and hope to contribute to the community in the future. Karl588
  7. 2 points
    I wanted to share my trading setup mostly to debunk the idea that you "must" have several monitors and high-end workstations to day trade. This is my minimalist setup which is very effective in costs, space, performance and maintenance. I use a 27” 4K monitor on which I can display simultaneously 6 stocks on 3 time frames, with their corresponding montage and T&S. Any fairly modern laptop (I5 sixth generation onwards) can run a 4K display, so you don’t need an expensive gaming station with discrete graphics card. The second laptop seen on the photo is optional. I use it to access the forum and browse the internet.
  8. 2 points
    I've been part of the BBT community since the end of 2017. I did the trial membership at first because I was skeptical of day trading but after watching Andrew's classes and Youtube videos I saw how transparent and honest he is about day trading and the risks involved. I signed up for the yearly membership and then the lifetime membership when it became available. The chatroom and resources available in the education center have been really valuable, there's so much that I learn everyday from all the great resources that the community has available.
  9. 2 points
    I have been following Andrews daily recaps for a long time, read his books and finally ended up joining his community ... I am a the newbie around here and feel that this is where I belong. Trading is much much more than the P&L at the end of the day !
  10. 1 point
    Friday 5/03/2019 I had a well-being score of 5/10 this morning. Nerves were OK. Disappointed with my trade management today and this week in general. Took one live trade with AAPL. AAPL looked in play in the premarket again. AAPL was setting up for a “step” setup 2min ORB. Though the volume on the second 1min candle was not as high that I like to see for this setup it was not light either. I waited for the break of the 2min candle. I really liked that the 3rd candle bounced hard off the $211 making a hammer. The 1min chart looked bullish. When the break occurred I went long. Target was the $212 level and stop out was the $211 level for a R/R = 2. And use HOTD as my first target. What the 1min chart looked like when I took the trade: I'll admit checklist look weaker than most of the trades I take: Sadly, the stock immediately reversed the instant I took the trade. Though the $211 was my S/O for some reason I changed my mind and used VWAP as my S/O, which causes 5 issues: 1) That S/O was not my plan. 2) I now have the wrong share size for my risk 3) The price bounced off of the $211 level three times proving it a strong TL and thus the breech of it is the correct S/O. 4) I have found VWAP not a good S/O most of the time for AAPL. For AAPL it tends to bounce before VWAP, if it will bounce. 5) If it breaks VWAP there tends to be an acceleration causing a big slide in your fill price. So I used VWAP as my S/O and paid the price with a -1.5R stop out. What I did good today: I immediately stopped trading after that bad trade. It never crossed my mind to take another trade. I had a bad trade, I am not in emotional control so my trading day is over. How did I challenge myself today? Traded without my Etrade platform today, which I use for news and scanners. I think it is slowing down my DAS at the open so I did not use it. What I did bad today: Didn’t follow my exit plan. Sadly, not the first time this week I did that. What can I do better next week: Since my exits had been good for months I hadn’t placed much importance on them. But like all the facets of trading they need upkeep as well.
  11. 1 point
    Is it the job of an owl TRADER to scan for opp ortunities with patience and an open mind?
  12. 1 point
    Two computers with eight monitors. My primary unit has six monitors and the laptop has two screens. I usually watch 8 stocks that are in play and six secondary possible continuation stocks on the overhead 2K 37" screen. I have three montages. One screen for watching the $SPY, market clock, and network connectivity to DAS. The outermost right Dell monitor is for the chat room. The laptop is my hot backup with CNBC and other news feeds. I have a Bluetooth headset and a wireless mouse. I custom built this workstation. It is basically a gaming machine. Here are the hardware spec: Intel i-7 6700K @ 4.00Ghz 64 GB of DDR4 3200 RAM 500 GB SSD NVIDIA GTX 970 with two additional USB to VGA ASUS Maximus VIII Hero ATX motherboard Intel 10/100 NIC TV stand:: Amazon ASIN: B07581Z9SM Two monitor stand:: Amazon ASIN: B07MC9YX63 I believe Andrew Aziz is a very rare person because at his core he is a teacher first, daytrader second. He is passionate about changing people's lives for those who would apply his knowledge and instructions. He is the second person I have met in person that operates his business at an incredible level of integrity. The other person with strong integrity is Dave Ramsey. Every morning, when Andrew is not summiting a mountain, he shares transparently over 15 years of knowledge only gained from an unforgiving market that does not hesitate to trap money from an unsuspecting new trader. I have watched for over two years, an excess of 500 videos of Andrew and his team's trade recaps. Andrew and his team's success is that they trade the same set of strategies that are described clearly in his book. You can be suspicious of a strategy if only one person is successful at it. You could still be suspicious of his team that trades the same strategy. If you want, you still can be suspicious when members are successful using Andrew's strategy. However, when you combine the number of trades taken by all the traders over time, the evidence is demonstrating counter to your belief. Bruce Lee said, "I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times."
  13. 1 point
    Trading Challenge 4 - Negative Ah, man... Got clobbered today. Started out fine with $ABIO then got squeezed by $SQ with 1000 shares. Also, broke a rule and traded first 5 minutes, but that was for a low float which worked out. Wasn't too upset about it, but did make some mistakes on my sizing. Just got cocky and went heavy on bad entries. There's still some banger trades in here, though. My trade log looks like I traded a lot and went hulk, but I really didn't. Most of that is scaling out, but I will say that each of my trades had a good thought behind them. Just misread a few. $ABIO 5/2/2019 Felt a squeeze coming at open. After getting a small move up, went long 500 shares on the first minute. Scaled out and got hit with a drop. Got back in thinking another move was gonna happen, stopped out for a small loss. Deleted it from my list afterwards to prevent attempting it again. $SQ 5/2/2019 I got bit hard... After the first 5, I foolishly went short 1000 after that 1-minute squeeze. Should've went a smaller size. After getting squeezed up, I covered for an almost $1000 loss. I wasn't shook or anything, but realized that the entry was trash. Waited for a better set up and got back in short 750 shares and scaled out on the way down. You can tell I was a bit unnerved on the price action on how close my cover points are. Took another short on $SQ looking for the fade down and took one partial. Price action didn't hold. Then, I took it to the long side but stopped out before the move happened. Didn't want to get caught in a wash. I'm okay with all of these trades, but my heavy sizing on that first trade didn't give me a good stop out point. If I took 1000 on the second trade, I had logical stop out points at the 9/20MA 1-minute. So, I'm not upset about any of it. $UAA 5/2/2019 After the first 5-minutes, price actoin closed above the 9. Looking back on this, I felt I made a good trade. Went long 1000 shares looking for HOD. Didn't get the move and stopped out before the drop happened. I'd take this trade the same. $W 5/2/2019 I am on the other hand upset about this trade. While the price action could have pushed up, I went too heavy on this with the gap between my entry and the moving averages. That said, I think I got a solid entry. I should have gotten out way before I did, though. I thought it would hold and pop up (which it did), but it didn't make the move I was looking for. Took a big loss on this. $TSLA 5/2/2019 This was my misread fail of the day. Went 200 on $TSLA for a fade back down and shorted during an uptrend. Looking back at my first entry, Could've waited for more confirmation. I went back and forth on whether to short or long this but I was looking for that move up. After getting the close below the 9/20MA 5-minute, I went short and then stopped out. Then, swapped over to long after getting a close between the 20 and 9/50 to stop out as it fell to a short. I think the second trade was fine, but the first was a blunder. $QCOM 5/2/2019 Banger for the day. Got the close above VWAP/9MA, hit it long 500 shares. Scaled out accordingly. Result:
  14. 1 point
    Andrew, Your humble and truly sincere approach to day trading motivated me to make a life change and, with God's help, here I am! Greg D (Go AZ Wildcats!)
  15. 1 point
    It took me 2 weeks (a trial subscription) to realize that BBT is indeed a community of serious traders. No gimmicks, no empty promises, no BS. Just valuable info and an enormous support of the great community. I'm just in the very beginning of my journey, and BBT makes it easier to cope with ups and downs. And god knows there are many of those in this business. Can't thank you enough for everything!
  16. 1 point
    Hey guys, I have been live trading for almost 3 weeks. I have started just after the first challenge. The challenge gave me a confidence to start trading live. It has been a very difficult journey and the one I would never be able to continue without constant support from BBT administrators and members. Although Andrew was an inspiration for trading I could not trade without Carlos's and Norm's premarket show, RobertH rants and Kurt's and William's recaps. You guys are the core of BBT and thank you for continuing hard work. MachoMachoMan
  17. 1 point
  18. 1 point
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  20. 1 point
    I have been swing trading for a while and am currently starting my day trading journey. Andrew's books (via audible) have led me to discover this community. Joining BBT has not only given me optimism and orientation, Andrew and the other moderators are also incredibly helpful and serious about wanting to actually teach people how to become consistently profitable traders. I joined as a lifetime member now and can't wait for what is to come on this journey. Thanks guys, here's my setup.
  21. 1 point
  22. 1 point
    I joined the BBT community late last year, and it has made my journey to becoming a trader much more meaningful. Learning to day trade is proving to be a daunting undertaking-- a roller coaster ride that leaves me bruised and scathed along the way. BBT has been a source of support and inspiration when I needed it most. Andrew is a breath of fresh air compared to other trading "gurus". He is more than a mentor- he is a "long-distance friend" whom you can joke around with while he doles out invaluable knowledge and experience. The culture he has built around BBT is one of respect and support. I have often felt encouraged rather than intimidated during chats. It is truly a joy plugging in to BBT everyday, and I'm proud to be a member of this community. Edit: I'm Mark A on the chatroom Current Setup: Desk: Ikea Linmon 59"x30" table top, VIVO Electric Stand Up Desk Frame Workstation Monitor: LG 27" 4k, LG 34" Ultrawide 2k, VIVO Dual Monitor Desk Stand Free-standing LCD mount Desktop: Dell XPS 8930 Special Edition Intel i7-8700K CPU 3.70GHz NVIDIA GeForce GTX 1080 8GB 64GB DDR4 Memory at 2666MHz 512GB PCIe M.2 NVMe Solid State Drive 2TB SATA Hard Drive Hotkey: Elgato Stream Deck 15 customizable LCD Keys UPS: CyberPower 1500 VA 900 Watts 12 Outlet UPS
  23. 1 point
    I have been learning from Andrew and the BBT community for around 6 months and I'm very happy with the information and the level of support, overall an amazing experience. Would definitely recommend it for people that are serious about trying to make an income with trading.
  24. 1 point
    Hi, I am really happy that I joined BEAR BULL TRADERS community. I tried roughly 10 different chats in the past 2 years, and nothing compares to Andrews room. Everyone who is on microphone during the day are very helpful. The most important thing is that I became a consistent trader. This community provides the best tools, educational content and a support. I am a member for life. Thanks! Sincerely, Stockoperator
  25. 1 point
    A lot of people get into day trading with very unrealistic goals which is why most traders fail. It is important to educate yourself before putting your money on the line. Unfortunately most people including myself learn the hard way, it takes some losses to realize that becoming consistent is the key to becoming a successful trader. Andrew's books and his chatroom have definitely helped me and made me a better trader.
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