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Showing content with the highest reputation on 12/10/2019 in all areas

  1. 2 points
    December 6 - No trade due to traveling December 7 - No edge present December 9 - Sim due to traveling as it had been a couple of days, so I felt the urge to push the buttons. I had about 3 hours of sleep, so my analytics tell me not to trade. I decided to trade sim, so I sat back and waited for $CGC to make a pullback to VWAP. I got the entry on a 15 min Orb when the stock rejected VWAP with the moving averages in a favorable area. Not much else to say other than it felt good to trade after a few days of just not being able to trade in a routine. Looking forwarded to having a solid week of my normal routine without anything crazy happening. Sample Set Results, G S S G S G 7 8 9 10 11 12 13 14 15 16 17 18 19 20
  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: DOWNLOAD ^^ 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
    Tuesday 12/10/2019 I had a well-being score of 7/10 this morning. I wasn’t ready at the open but traded live anyway. I took 1 live trade with BABA and 5 SIM trades this morning including two disaster trades with ROKU. My watchlist: BABA, ROKU, PCG, AAPL, CLVS and MU My main chart went flat again for every stock. I checked the config and matched it with other charts running fine and could not figure out the issue. I finally deleted the chart and created a new one losing all my levels. I quickly was able to get my daily levels back, but did not finish several items on my preflight checklist. Actually, I didn’t get to read my preflight checklist. I use to have a rule that I can’t trade live if I don’t finish my checklist. Not sure why that rule has been dropped over the last few months. I have all my rules on the checklist to be read each morning and it is no longer on it. I finally got my charts and daily levels ready by 30 seconds after the open. The big print had already arrived. While I was setting up I saw BABA dropping. When I finally had my chart ready I saw a beautiful bearish L2 signal with the falling price. In one second I saw the price drop and bids get eaten, so I missed the entry. I was good about not chasing it and sat on my hands though a bit upset since I don’t ever see this good of a L2 signal. Then two large bearish prints arrived as the price broke down through $200 so I shorted with a target of PDC and a stop at the 200.34 daily level. But I would have probably exited the trade if it broke above $200 again. When I took the trade. The two red print, several seconds after the big print, was my bearish signal. I was able to take two partial profits before the price retraced and I was S/O at B/E. Since my charts and PM checklist is not ready I switched to SIM. I know BABA so well I can trade it without all the levels etc. But that is about it. So I took 5 SIM trades and was stopped out 4 of them. What did I do good today? Traded using the prints at the open. What I am grateful from today? I did recover after being late getting the charts ready at the open. What I should improve on: Will add back “must finish the PM xlist to trade live” to my rule list again.
  4. 1 point
    12-10-19 AIS 0805, 4 hrs, 5.8/10 PAT: Spread...... A or better..... Notes: Allowing for pre 5min trading with smaller size..... SFIX Without much time again today I traded SFIX very early -1R CLVS VWAP and Trend plays -1R AMD PB#3 very little profit TVIX on the spy dump for an opportunity trade +3R Cons: Over traded today.... Pros: respected all rules... Playbook Trade: none... Notes: Rs: +1R
  5. 1 point
    Hello! This is Leili From California. Started reading Andrew's book a couple of month ago and just started exploring DAS and the chat room. I am a business analytics University Professor and have been thinking of getting into day trading for a while! My plan is to trade in the simulator for about 4-5 months and then go live. My goal: becoming a successful day trader in 3 years Still getting familiar with DAS platform so still a long way to go!
  6. 1 point
    Hello Everyone I almost forgot to journal today as I got pulled away after I was done this morning. I took a couple trades today - ROKU, CGC, AMD, MU MU Got a little trigger happy and went long way to soon. I should have waited for the 2 min ORB to see what would happen. On the 1 min chart I entered way too late and right at the 100 MA. Bad move. Didn't let it bother me and moved on. CGC Again, went in a little too early. Should have waited for the 2 min ORB and I would have had an even better entry. At the end I, kept moving my stop loss to the 20 MA on the 2 min chart. However, I noticed lower lows/highs on the 1 min chart and decided to pull all my shares. Technically I should've stayed in and added to my position during the pull back. Instead I went long again on that 2nd pull back after I got out. Used the 9 MA as a stop loss. Scaled out as it hit the new highs of the day and was eventually stopped out. I'm still trying to figure out where to put my stop loss if the stock is above the 9 and 20 MA. I know the 20 MA on the 1 min chart can be used as a resistance and I don't want to miss out...However, I did make sure that I was above my entry for my stop loss. (made that mistake on ROKU, see below) ROKU Saw a nice ABCD pattern on the 2 min chart. Went long, made some profit but I should have pulled out at the BE. Instead I let it go all the way down to the 20 MA on the 1 min chart. Again, I have hard stops and for some reason, I was a couple stocks shorts. Realized a little too late and hit the wrong hot key at first but eventually got out. Ah well. I now watch my open trades as soon as I get stopped out. AMD Noticed the hammer doji on the 2 min chart above the VWAP. The following candle also closed above the vwap and when I saw the next candle go up I decided to go long. And again, I got stopped out but I guess I should've gone out at the BE and not waited till it got closer to the VWAP. I'll have to figure out where I can get more info on when to use the BE or the 20 MA. Not a bad day. Didn't let the bad trades bother me and moved on and turned it into a positive day. I just need to be a little more patient to get better entries. Thanks and see you all in the chat!
  7. 1 point
    Cyber monday update broke the bank. Most expensive rig on the site I'm sure. #If you know you know Banana- $150,000 Anker vertical mouse-$30 Steel series pad-$15 G910 fully customizable RGB and macro keyboard- $120 Fourth screen(27")- $180
  8. 1 point
    Hello everyone! This is naveen from Texas. Been a member of the community for a few weeks now. I have been looking at ways to generate alternative streams of cash flow and interested to try out day trading. if I can get the hang of this and be successful, I am hopeful that I will be able to switch to a full time day trader over the next 12-18 months. Just want to reach out to the group and introduce myself. I am open to any new traders interested in sharing ideas and catchup in general. Feel free to message me. Looking forward to seeing you guys in the chat! Happy Trading!
  9. 1 point
    Welcome Glen @glennthephoneman2020 Wow 28 years!, same company? That's a long time. Yes the black Friday deal is insane! Glad you took advantage of it. Yes simulation time is important and make sure you also journal during that time. I did not journal during my simulation time and I sure regret not doing it. There is a lot of information on there that will be so helpful to your learning curve. Once again welcome to the community!
  10. 1 point
    https://www.bearbulltraders.com/downloads/ Go to downloads from the top right of your screen while at the website, not the forum page, and go to the drop down next to your name. The DAS layout file is in there.
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