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Showing content with the highest reputation on 08/02/2020 in all areas

  1. 1 point
    I am asked a lot how to buy and send an automatic STOP Loss order all in one hotkey. Try this: ROUTE=SMRTL;Share=BP*0.25;TIF=DAY+;Price=ASK+0.10;BUY=Send;ROUTE=STOP;StopType=Market;StopPrice=AvgCost-0.30;Share=Pos;TIF=DAY+;SELL=Send; What it does? It buys at 25% of your buying power, and then automatically send a stop loss order at AvgCost -30 cent. You can change it anyway you want!
  2. 1 point
    EDIT: I changed the topic of this thread. This is my journey to become a daytrader. I have some knowlegde and experience about trading already, however, daytrading is a different discipline within the big field of trading. If I'm gonna be successful or not we will see but I'm really trying this seriously. I am definitely excited Hi everyone, for a couple of weeks I'm already thinking about writing kind of like a trading journal here. However, I got quite busy working through all the content on BBT besides a full-time job . In addition, I started to study machine learning online in part time alongside to my work for further education about 6 months ago. I still have 30 years of working in a regular job ahead of me unless trading would change my life. Also I do love my job developing software. While you may lose everything you own materially e.g. in a bad crisis (I dont mean corona thats only a whirlwind, what I'm talking about is a real hurrican) you will keep what you have learned, your eduction, through any economical crisis. Also I got quite interested in ML and looking a couple of years or decades to the future, financial AI is the logical next step that the markets are heading to. on the other hand, I dont want to wait too long to start with my "online-journal" because I think one or another thing might also be interesting for someone else. And I'd love to get in touch with other traders too, discuss ideas, approaches and take concerns or ideas of others into account. that is why I decided to start now. I think I am only presenting the most important thoughts, milestones and ideas of my way of becoming a day trader. It is not meant to be a fully qualified journal with daily updates, but rather weekly reviews. In addition I think it helps me writing off my ups and downs in trading and show the work I do as trading in gerneral You are more than welcome for discussion here and I'm trying to respond to all questions asked if possible. that's it for now, good trades!
  3. 1 point
    I started this journal today because today I basically finished 2 important things setup tools (including DAS hotkeys, hot buttons layout) roadmap with milestones currently I'm only looking at the first quarter ending 4th of october or also CW27-40 (calendar weeks) which i prefer to refer to in terms of project management. this post is about the roadmap. I used peters ideas about the learn-plan-practice plan, which I call the LP4-plan. As I am not a bloody beginner, I packed the first 3 phasis quite tightly together. Also I paused my ML-studying for about 4 weeks until milestone 3 is reached. I am fine with that as long as I focus on studying the BBT content and not being lazy. after that, I must be able to run both. creating the roadmap didnt take me much time as I created the exact same thing for my ML-studies. I currently have the 3 phasis learn, plan and practice planned out and each phase consists of different topics, e.g. watching the 32 webinars and rework the content. every day I write the time worked on a certain topic into this excel sheet. This is the real productive time, not including the "being lively on facebook while sitting at the trading desk"-time. I will write some more about time management and identifying time wasting habits another day. the roadmap shows 5 important milestones within Q1. If you followed the webinars most things should be self explanatory. I'm planning to switch to life-trading quite early and some may have concerns about that. However, I will only be live trading one day per week, every tuesday. I also use a very low risk per trade of $25 and a max daily loss of $75 I think or $100. Even if all 10 days hit the max daily loss I can afford it, that would be the worst scenario imo. And it is worth it to me to have a 10 real trading days sample of journal by the end of Q1 to work with and identify strengths and weaknesses, being able to measure how well I followed my rules and how disciplined I was and to find out if there are any differences between simulation and live in my emotions. I use the same risk per trade in sim as in live-trading, $25 per trade. I am already quite emotional trading paper money. I want to get to the point that I dont feel a difference in emotion between sim and live-trading. I have already a good idea of my trading plan including risk and moneymanagement. That is first thing I did: answer all questions to the over 30 pages of the wilcox trading plan. You may find it on google. that's it for today. much longer text than I originally wanted to write. let me know what you think about it or if something is unclear what I'm trying to say, please also let me know. thanks. another day, I will show my DAS layout and talk about hot keys and buttons I'm using
  4. 1 point
    Hi OTC, Kyles hotkey config. excel sheet is here https://drive.google.com/file/d/1TJy7jRHhdMYGyyfKbbYd3M7j6bqxgeoy/view
  5. 1 point
    Unfortunately we can't script prices into horizontal lines.... Wouldn't that be nice There is a workaround with the Fibonacci Line tool. To set it up: - Set a hotkey to place a Fib line (script = FibonacciLine) - Press the hotkey and draw a line anywhere on your chart. - Right click on the vertical line and select Config. - Chang the line settings to match this: - Now, when you enter a position and have a stop loss. You simply hit the Fib hotkey, and click and drag down from your entry to your stop. - You will then have nice price targets on your chart that will look like this: As you can see, I'm embarrassingly partialed in my trade too soon!
  6. 1 point
    5-Minute Opening Range Breakout (ORB) 5_MIN_ORB.pdf High of Day Break / Low of Day Break HOD_LOD_Breaks.pdf VWAP Reversal VWAP_Reversal.pdf Mountain Pass Mountain_Pass.pdf 1-Minute Opening Range Breakout (ORB) 1_MIN_ORB.pdf Rising Devil Rising_Devil.pdf Falling Angel Falling_Angel.pdf Parabolic Reversal Parabolic_Reversal.pdf
  7. 1 point
    Tonight, added some more hotkeys, and put stickers on the buttons. Even though Andrew stresses in his books that traders need to use hotkeys to be successful, I didn't realize how much of a difference it makes until I started using them.....and its only been one day. I'll never go back to point and mouse click.
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