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I have been working today on 2 hotkeys for myself. The script(s) uses the defined R/R script from previous Kyles hotkeys. It performs the following: Cancels any previous orders for the symbol Enters the trade, ensuring total shares bought is equally divisible by 4 (rounded down); this prevents having extra shares hanging around after the range trades complete or stop out. Creates a range order at your stop level for 1/4 of your initial shares bought with a profit level of 2R Creates a range order at your stop level for 1/4 of your initial shares bought with a profit level of 3R Creates a range order at your stop level for 1/4 of your initial shares bought with a profit level of 4R Creates a single order at your stop for the remaining 1/4 shares; This allows you to ride the last 1/4 to whatever level you want before exiting As with Kyles hot key scripts, you double click your chart at the level you want to place your stop then press your button or hot key The Script for the long entry CXL ALLSYMB; StopPrice=Price-0.01;DefShare=BP*0.5;Share=DefShare*0.333*Price*0.01;Price=Ask-Price+0.01;SShare=Share/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;Share=Share/4;Share=Share*4;TogSShare;ROUTE=SMRTL;Price= Ask+0.05;TIF=DAY+;BUY=Send;DefShare=1000;Price=Ask-StopPrice*2+Ask;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:StopPrice HighPrice:Price ACT:SELL QTY:POS*.25 TIF:DAY+;Price=Ask-StopPrice*3+Ask;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:StopPrice HighPrice:Price ACT:SELL QTY:POS*.25 TIF:DAY+;Price=Ask-StopPrice*4+Ask;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:StopPrice HighPrice:Price ACT:SELL QTY:POS*.25 TIF:DAY+;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.3 ACT:SELL STOPPRICE:StopPrice QTY:Pos*.25 TIF:DAY+; and the Short CXL ALLSYMB; StopPrice=Price+0.01;DefShare=BP*0.5;Share=DefShare*0.333*Price*0.01;Price=Price-Bid+0.01;SShare=Share/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;Share=Share/4;Share=Share*4;TogSShare;ROUTE=SMRTL;Price= bid-0.05;TIF=DAY+;SELL=Send;DefShare=1000;Price=StopPrice-Bid*2;Price=Bid-Price;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:Price HighPrice:StopPrice ACT:BUY QTY:POS*.25 TIF:DAY+;Price=StopPrice-Bid*3;Price=Bid-Price;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:Price HighPrice:StopPrice ACT:BUY QTY:POS*.25 TIF:DAY+;Price=StopPrice-Bid*4;Price=Bid-Price;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:Price HighPrice:StopPrice ACT:BUY QTY:POS*.25 TIF:DAY+;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice+0.3 ACT:BUY STOPPRICE:StopPrice QTY:Pos*.25 TIF:DAY+; Long $50 Risk CXL ALLSYMB; StopPrice=Price-0.01;DefShare=BP*0.5;Price=Ask-Price+0.01;SShare=50/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;Share=Share/4;Share=Share*4;TogSShare;ROUTE=SMRTL;Price= Ask+0.05;TIF=DAY+;BUY=Send;DefShare=1000;Price=Ask-StopPrice*2+Ask;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:StopPrice HighPrice:Price ACT:SELL QTY:POS*.25 TIF:DAY+;Price=Ask-StopPrice*3+Ask;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:StopPrice HighPrice:Price ACT:SELL QTY:POS*.25 TIF:DAY+;Price=Ask-StopPrice*4+Ask;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:StopPrice HighPrice:Price ACT:SELL QTY:POS*.25 TIF:DAY+;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.3 ACT:SELL STOPPRICE:StopPrice QTY:Pos*.25 TIF:DAY+; Short $50 Risk CXL ALLSYMB; StopPrice=Price+0.01;DefShare=BP*0.5;Price=Price-Bid+0.01;SShare=50/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;Share=Share/4;Share=Share*4;TogSShare;ROUTE=SMRTL;Price= bid-0.05;TIF=DAY+;SELL=Send;DefShare=1000;Price=StopPrice-Bid*2;Price=Bid-Price;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:Price HighPrice:StopPrice ACT:BUY QTY:POS*.25 TIF:DAY+;Price=StopPrice-Bid*3;Price=Bid-Price;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:Price HighPrice:StopPrice ACT:BUY QTY:POS*.25 TIF:DAY+;Price=StopPrice-Bid*4;Price=Bid-Price;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:Price HighPrice:StopPrice ACT:BUY QTY:POS*.25 TIF:DAY+;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice+0.3 ACT:BUY STOPPRICE:StopPrice QTY:Pos*.25 TIF:DAY+; Everything prior to defshare=1000 in each script is completely from the original Risk/Reward Hotkeys except the bit of code that ensures the number of shares is equally divisible by 4. Feel free to give them a try and let me know if there are any issues.

In this video AdventureDogLA shows us how to set up Risk Controls in DAS Trader Pro. Risk Controls enforce limitations such as maximum daily loss, maximum shares traded per day, etc. Risk Control Page is a safety net to keep in control our loses, either to have an external control over our behavior as traders or due to a contingency such as failures in the internet connection, electric power outages, broker failures, etc. You can find "Open Risk Control Page" in DAS Trader Pro Account window, just right-click in any row of that window and Risk Control Page will open as a popup browser window to let you update your risk control settings. Some considerations: 1. This configuration works with real accounts and simulator 2. You can deactivate settings "Risk Control Page" anytime by leaving all in blanks and clicking SUBMIT 3. When you are using DAS linked to IB, or simulator, the Risk Control settings are handled by DAS. DAS staff updates your settings manually (the form is emailed to them) anywhere from 2 to 30 minutes during business hours. 4. In LOSS fields, enter a positive number. 5. “No new order” avoids orders for the current day 6. “Pos Loss” = Position loss. 7. “Enable Auto Stop” will automatically close your positions when you hit the Max Loss / Total Loss. 8. “Max Share - Max auto stop execution share per day” = How many shares can be sold / bought by the Auto Stop mechanism. 9. “Max Auto Stop Order Size” = Maximum size per order made by the Auto Stop mechanism. 10.“Delay for next order if exceed max order size (sec)” = Time between orders if the Auto Stop needs to place multiple orders to close your positions. 11. “Stop Gain Account Net Realized PL Thresh“, “Drawdown Percent of Max Net PL“ , “Pos Stop Gain Thresh “ and “Drawdown” - Like Auto Stop but for gains. The threshold is the profit the Stop Gain is looking to hit, the Drawdown is how much it can drop from that target before your positions are closed. Example, you set a threshold of 2000 and drawdown of 20(%). When you make 2000 in P/L, the Stop Gain will trigger, and will close your positions if you drop 20% ($400) from that value, closing you out at $1600 Net P/L.

Ever wanted to swap line styles on the fly and make a rainbow on your chart? You can do that in 5.5.0.0+. The hotkey isn't the easiest to understand, so I very quickly made a web utility for you (link below). How to Use: Go to URL: http://kaelmedia.com/projects/das-line-config/ Select a Line Type, default is HorzLine Select a Line Style, default is SolidLine Select a Color, default is Barney Select a Width, default is 1 Hit "Generate" Glance at the preview window and see if it is what you wanted. If it is, hit the "Copy" button and it'll be placed in your computers Clipboard. If you wish to share you creation, press the "Share" button and a special link will be placed on your clipboard to post in the forums. Example: http://kaelmedia.com/projects/das-line-config/?hotkey=ConfigTrendLine horzline dotline:035aab:1; Paste the copied hotkey (looks like: ConfigTrendLine horzline dotline:035aab:1; ) into your DAS Hotkey Configuration. Optionally, bookmark or save the line so you can edit it in the future (it adds the settings to the browsers URI/URL). How the Hotkey Works: The hotkey as designed will swap the DEFAULT config for the Line Type chosen, each type has one default stored for the user. So if trigger a hotkey with a horizontal line with a blue color, your very next (and all following lines) horizontal line you trigger on the chart will be that configuration (blue). Because of this, I have a "default line" hotkey and a series of colored hotkeys, this allows me to toggle back and fourth. Advanced Uses: Go HERE.

We're having a Meetup with Andrew in Zurich on March 12th, 2023, 4:00 PM and you're invited! Venue: Aden Hotel Whether you're a pro or just starting out, this is a great opportunity to connect with other traders, learn from each other, and have some fun. So mark your calendars and stay tuned for updates!

Hey Everyone, as you know Andrew is traveling, if anyone is interested in meeting up him on Dubai, November 26 for some drinks and talk trading? Date: Nov. 26 2022 Time: 6:00 - 08:00 PM Venue: Koko Bay. West beach Palm - Jumeirah - Dubai - United Arab Emirates Please confirm in this thread!

Just to confirm, the proper order is: 1. double click the StopLoss price 2. hit the entry button (order fills) 3. hit the exit button (without clicking on anything) 4. go for a swim in the pool 5. come back later and count your money I'm glad to give back to the community. (and programming hotkeys is fun!) Good luck! Russell

Okay, I've got some HotKey Scripts for you to TRY OUT IN SIM. (never test things live) Each trade has two HotKeys. The first one is the entry order where you double-click your Stop-Loss point. (I basically just removed the TriggerOrder from your HotKey Script and moved it to my Exit Script) The second one is the exit order which you would place immediately after your entry order is completely filled. Don't double-click anything between the "fill" and when you activate the Exit HotKey because it gets it's calculations from your Entry HotKey. Here is what the Exit HotKey does: 1. places a one-share RangeMarket order with a 1R/1R range. 2. Triggers a remaining-shares RangeMarket order with a 3R/BE range. There is no other way to do what you want (as far as I know) without the tiny one-share order to trigger the Stop-Loss move to B/E. With these HotKeys, this is what "should" happen (and it worked for me in SIM today). If your 1R Stop-Loss is hit, the Trigger order exits your WHOLE position "near" your target Stop-Loss. If the 1R profit point is reached, you will exit one share, then the Trigger order will be sent so that you will either profit 3R or B/E on the remaining position. (You could change the exit orders to exit more of your position at 1R if you want to use these HotKeys to "partial" at 1R... something like Share=POS*.5 or Share=POS*.33 with your Trigger order remaining Share=POS) Be aware, the first exit order of one share will cost you about $1 in fees more per trade if you are with IB. (I mistakenly said $2 earlier) (Fees are no longer a danger when your orders are more than 200 shares) Here are the Scripts, you should be able to copy-paste them directly into your HotKeys. LONG ENTRY CXL ALLSYMB; StopPrice=Price; DefShare=BP*0.975; Price=Ask-Price+0.00; SShare=25/Price; Share=DefShare-SShare; DefShare=DefShare+SShare; SShare=Share; Sshare=DefShare-SShare; Share=0.5*SShare; TogSShare; ROUTE=LIMIT; Price=Ask+0.1; TIF=DAY+; BUY=Send; DefShare=200; Price=Ask-StopPrice*3+Ask; LONG EXIT CXL ALLSYMB; Route=STOP; StopType=RangeMKT; LowPrice=StopPrice; HighPrice=AvgCost-StopPrice+AvgCost; Share=1; TIF=DAY+; Sell=Send; TriggerOrder=RT:STOP STOPTYPE:RANGEMKT LowPrice:AvgCost HighPrice:Price ACT:SELL QTY:POS TIF:DAY+; SHORT ENTRY CXL ALLSYMB; StopPrice=Price; DefShare=BP*0.975; Price=Price-Bid+0.00; SShare=25/Price; Share=DefShare-SShare; DefShare=DefShare+SShare; SShare=Share; Sshare=DefShare-SShare; Share=0.5*SShare; TogSShare; ROUTE=LIMIT; Price=Bid-0.1; TIF=DAY+; SELL=Send; DefShare=200; Price=StopPrice-Bid*3; Price=Bid-Price; SHORT EXIT CXL ALLSYMB; Route=STOP; StopType=RangeMKT; HighPrice=StopPrice; LowPrice=AvgCost+AvgCost-StopPrice; Share=1; TIF=DAY+; Buy=Send; TriggerOrder=RT:STOP StopType:RangeMKT LowPrice:Price HighPrice:AvgCost ACT:BUY QTY:POS TIF:DAY+; Hope this helps, Best, Russell Landwehr

Yes I use leverage but my rules are around trade size rather than using a certain amount of leverage. For example (not my real numbers), if I want my stop size on TSLA to be 50c and I want to risk $100 on my trade then I want 200 shares, regardless of whether that means I'm using no leverage or all my leverage that's the trade I want to take. Of course with margin you can get yourself in serious issues if you don't trade properly and abide by your stops but that's for each individual to assess their own risk of not doing that (and if you can't then trading is probably not the right career).

Hi Everyone. We are slowly expanding on the Swing Trading platform and wanted to let you know that you can sign up for swing trading opportunity alerts. The sign up forum is at the bottom of the Swing Trading section (under the "Other Trading" tab) on the BBT website. We will not be using your email to blast you with ads and other info. It will only be used to send trade opportunity alerts. What we hope is to give you more timely information on opportunities that come up throughout the trading day. These are not recommendations to buy or sell securities but they will give you ideas for you to form your own opinions on a potential trade. More to come. One step at a time. Brian

These are common limiting beliefs which we all have. Afraid of being wrong - usually translates in life in aiming for perfectionism, seeing mistakes as a failure instead of an opportunity to learn from them, seeking external validation that you are good enough in this case from the market and your trading. There are many others, but these are one of most common. Fear of failing and doubt in your knowledge translate in low self-confidence, lack of belief in your strategy, attaching your self-worth to your trading results. What is your automatic response in the market to these beliefs - it can range from hesitation to take a trade to impulsiveness, revenge trading, overtrading etc. One way is to write down your thoughts and feelings before and during each trade. If you didn't follow your rules or made a mistake or had a losing/missed trade before what is the action, you took in the market. For example, I felt frustrated because I took a loss on my first trade today. Next, I entered without waiting for a confirmation. I regretted and felt anxious not to take another loss. I moved my SL quickly and I was wicked from a profitable trade. Over a month or two, you will start seeing patterns and will know your triggers and how you subconsciously respond to them. This exercise brings you awareness, without awareness you can't change anything. Once you know your triggers and automatic responses you can create a plan when this happens what you are going to do. For example, you find that you jump on the next trade quickly after a losing trade. This shows you; you are not able to reset yourself quickly to neutral after a losing trade. So, you may implement a 10 min break before the next trade after a losing trade. Along with the above you must forget about the money and winning or losing trades/days. Your main focus must be following the strategy criteria and rules. The easiest way is to have a strategy with very strict rules including entries and exits. You focus on executing it flawlessly instead of winning or not and how much money you make it. When you execute a trade according to all rules and doesn't work, this doesn't make you feel as a failure because you have done all right and you know market is random and not all strategies work 100% of the time. Setting a daily goal is another tool. by that I mean not a goal of having a green day or 2R goal. These are outcome goals, and they bring only stress, and you can't control the outcome of these goals. You daily goal can be taking max 3 trades per day or taking only A+ set ups, or even as in the example above taking a 10 min break after a losing trade. You track your progress on the goal. It is better to have 1 or 2 max goals per day and work on them until you become consistent. You must be able to control the outcome of the goal. These are called process goals, they can be psychological, habit goals, trading goals. Start small and aim for a small improvement every day. by tracking your process goals, you start seeing progress and your self-confidence and self-belief start growing.

Howdy @cjames05, @DollarBill @Austin D Let's do a zoom, yall want to do a first Google Meet (I've got an account so no timelimit). DollarBill I think is saying is out until Jan 5th. How's Jan 6th Fri evening? Or Sat Jan 7th AM? Hit me up via email at [email protected] as you get this and I'll start a group email if ok? I am not always in forum. Thanks Michael (Thornton, CO)

Hi everyone and welcome to our new forum on swing trading. As you likely know, swing trading involves taking positions in a stock or other security and holding that position for as short as overnight to days or weeks or even longer. If you are new to swing trading and want to learn more, reading Brian Pezim's book "How to Swing Trade" would be a good starting point. It is available on Amazon. We expect this forum will be used by our members to present and openly discuss swing trading opportunities. The one advantage of swing trading is that the trader has the opportunity to slow the decision process and plan their trades without having to make a quick decision on whether to enter a trade. Thanks in advance for being part of this forum and we hope this forum can offer up some profitable opportunities for our members.

Hola, amigos, creo que no me había presentado, aunque ya llevo rato aquí. Mi nombre es Josué De Lara, soy de México donde vivo actualmente, aunque la mayor parte de mi vida la he pasado en Texas donde estudie desde la preparatoria hasta el doctorado. Me interese en el “daytrading” gracias al libro de Andrew, me fascino. Me gustaría mejorar en el daytrading con el propósito de mejorar mis ingresos, ya que en Latinoamérica no son muy buenos aún con grados académicos avanzados. Hice una hoja de calculo para calcular la cantidad de acciones a comprar de acuerdo con la emisora. Me es útil ya que utilizo TWS en vez de DAS y no puedo usar las “hotkeys” de Kyle. Espero le sea útil a alguno de ustedes. https://docs.google.com/spreadsheets/d/1ElLZ2h41da1xgtz6KI_Df0PeqP754kRMDhJe60aefL4/edit?usp=sharing

Glad some people are finding this helpful. The move to breakeven is not really doable (although often asked about) - You could alter the code to set stop to purchase price at the time you create the orders, but then it would likely get triggered as a stop almost immediately. - The ability to alter existing orders from the first triggered order really isn't there as far as I can tell. - The best alternative I could think of but am not inclined to pursue at this time would be for the script included in the first range order that would contain a trigger order that cancels all other orders for that symbol and recreates them with the new stop at B/E. If you want to figure that one out, have fun. In essence, you would only create 2 orders initially; one for the first range (including stop) for whatever percentage of your position + a stop for the remaining shares and the first order would need a trigger that cancels existing orders and creating new orders/stops with a new stop price of your average cost. It would need to extrapolate your next profit level somehow based on what that trade was at. There just seems to be too many variables to easily do that. If I ever get bored, I might go back to this and see if I can flesh that out, but since I don't really have use for it, don't hold your breath anyhoo... Cheers and happy trading.

To complete the rider agreement DAS Trader - Interactive Brokers IBKR: the first two slots is today's date the third slot is DASTRADER and the forth slot is you U account numbers you will only sign the customer side and upload, don't worry about IB side signature, it will be sent after upload to IB to fully connect the account

Hey guys, My name is Chris Bowling. I am excited to meet and get to know others in the Bear Bull Traders community. I already love Day Trading and I am committed to learning and growing. A little bit about myself. I played a trading card game when I was a kid, won the U.S. national championships, and became one of the best players in the world. In my early 20's, I found poker and became profitable after 1 month of playing. Since then, I have played millions of hands, and still play for a living, playing 5-6 tables online when I play. In the last 5 years, I have really got into investing and have read all kinds of value investing books, build DCF models, and really just love everything about the market. I found Day Trading recently and just got my simulator up. I can already see tons of parallels for me with poker. I feel Day Trading is similar to what I already do, but I can potentially compete for more money. Becoming a profitable Day Trader and living that lifestyle would be a dream come true to me! Look forward to learning and growing with everyone else! I except to post lots of questions in the forums and look forward to chatting with you all! -Chris

You need to switch DAS to the new style configuration windows. Go to Setup -> Other configuration and check the highlighted box. After that many config windows will change to the new style and in some cases show extra options as per the L2 one.

One screen for DAS, and maybe one screen for screeners and the chat room. However, info overload definitely will kill progress and create horrible habits. I think you might find, like many others, even having the chat room up is too much. Especially at first.

100% agree with @peterB ... At the begining of your trading career, one screen is more than enough as you still need to start the learning curve with hotkeys and the platform + the chart reading + pattern recognition + L2 reading + etc Whenever you start doing some more practice, you can jump into a setup of 2 monitors or just 1 bigger one. It all depends on many things and IMHO is too personal to decide based in anyone else experience. I totally disagree with the idea of having 4 screen at the same time. Too much info. Only "professionals" with +5 or +10 years of experience will manage that amount of information properly. Most of the cases, they will do more wrong than good.

I have looked into this a little bit. The most common assumption as to why someone would use a specific route is because there could be an increase of execution speed on a trade. However, unless you are trading low volume OTC stocks or something like that, I am not sure that a custom selected route would outpace the SMRTL algorithm provided by IBKR. There is definitely a benefit in regards to share volume though! Here Interactive Brokers has made links to all of the major exchange rates for adding and removing liquidity. If you scroll down to the "US Exchanges" heading and click on the ARCA link for example, it will open up a window that looks like this: If you add liquidity (by placing a limit order that isn't automatically executed) you will be compensated monetarily via rebates from the exchange you are executed on. In this case, if you were trading stocks that are normally traded on BBT, you would be compensated $2 per 1000 shares of liquidity you add on both NASDAQ, NYSE, and AMEX stocks. Here's the one for the AMEX route: As you can see, AMEX will pay an extra $0.40 per thousand shares over what ARCA will pay for adding liquidity. Unfortunately this is one of the easiest comparisons of exchanges of the bunch listed, but you get the idea. DAS has a short manual on how to add a particular route to your montage here. It is worth noting that this was only written in regards to the tiered commission structure, I don't know how being on the fixed commission structure affects it. Let me know what route you ended up choosing for the maximum rebate because I may just change my "Sell on Ask" / "Cover on Bid" hotkeys to it! And could you like my post so my reputation points can stop being 69? Lol. Enjoy!

Trailing stops are a great tool for a trend trade when the price is moving slowly but inexorably in one direction for a longish period of time. A trailing stop acts as a moving stop loss to protect your profits while also allowing you to secure near the maximum profits of the trend when it reverses. I started using them in SIM today because I recognized that I tend to jump out of trends too early, leaving profits on the table. You can create a trailing stop on both the long and short side in the same way: 1. In your montage, set the order type to STOP 2. In the "Stop Type" drop down, select "Trailing" 3. Just below the "Stop Type" drop-down, the third field over from the left is labeled "Trailer Price", set the value to the amount you want the stop to move behind the price. 4a. If you're setting a stop for a long position, click "SELL" - You should now see an order sitting in your order window 4b. If you're setting a stop for a short position, click "BUY" - You should now see an order sitting in your order window A trailing stop always stays a set value below the current price, so for example, if the price is 4.20 and you set a Trailer Price of .20 on a long position your stop loss will be at 4.00. If the price goes up the trailing stop price moves with it, but only in one direction. So for example, if the 4.20 stock moved up to 4.30, the trailing stop would would move to 4.10. If the price subsequently moved down to 4.15, your trailing stop price will stay at 4.10. The trailing stop price will always be set based on the current price, so be careful to look at the current price and movement on the 1 minute chart, the stop will trigger the moment the price tics back to the stop price. For example, if you see the 1 minute candles varying about 10 cents per minute on the trend, a .05 trailer price will probably trigger too early. Make sure you're setting your trailer price to a value that protects your profits without prematurely closing your position when the trend would likely continue. I will update this thread with real chart examples. I also have a hotkey but I want to test it in SIM Monday before I post it here. Edit: How to create a hotkey to set a trailing stop.

Hello everyone, I joined BBT on January 1st of this year and it has definitely been an amazing decision! Prior to joining, I was subscribing to the YouTube channel and pre-market prepping with BBT on my Trading days (Thursday Mornings and Fridays) for about a good 6 months prior to pulling the trigger and joining BBT. October of 2019 marks the start of my learning journey. I have been on a mission for a few years now trying to find my way into entrepreneurship. I picked up some random books at the library after hitting some brick walls in my endeavor for some time. (The primary struggle being risk aversion due to my low income.) I had zero experience with the stock market and trading, but I keep a very open mind and decided to start reading a book on Trading Options. I was immediately enamored with this book and the newfound world of trading. The biggest draw being that one can learn without risking much or any capital. That concept was mind-blowing to me. I was in another trading group prior to this one and did not have a positive experience socially. I was essentially ignored or bullied for being a female. There was no in-between experience in which I felt like an actual member. Unfortunately, it is a common experience for other females in this field. In general, I have done a lot of work on myself to overcome social anxiety/low self-esteem issues so as you can imagine, the way I was treated was very damaging. I am very much a fly-on-the-wall here but am looking to change that. I know that it is essential to my success that I start socializing with like-minded individuals. I don't anticipate being bullied here but the hesitation to participate is still there. Thus far, learning to trade has helped me grow as a person. I have learned to put myself out there and take risks. In my previous group I learned to trade bear and bull triple leveraged ETF's for Natural Gas and caught on quite well, only trading the bearish ETF successfully (against the bullish trend). I was impressed, especially considering the fact I had zero structure or actual defined strategy in place. Those ETF's no longer exist, which is a blessing, because that has lead me to BBT and the concepts of finding stocks in play, structure, and probability amongst other critical things. I am currently testing my second strategy and hoping that this is it. The time and data will tell me the answer. I went into Trading with the idea that it could take me a couple of years to learn. I'm coming up on that 2 year mark, and loving and respecting the process of learning to become consistently profitable. Although I haven't found my strategy yet, I feel confident that I will. One idea I wanted to share that seems to be extremely helpful for me is recording my trading sessions. Once I started doing that a few months back, I feel that I am learning what works and what doesn't far better and faster. It is one thing to journal and look back at your trades with a snapshot and your afterthoughts but completely far more enlightening to essentially relive it as an observer. Although, I am only trading 2 days/week or less, I feel that reviewing my trading sessions via recording is really my game-changer. It truly has taught me that it isn't necessarily about the quantity of trades I am able to make, but the quality of my journaling and lessons from the experiences I've had.

Hello Bear Bull Traders, This TradeBook is a collection of trading strategies that the moderators within our community trade throughout the day. It is designed to assist you in understanding the setups that our moderators discuss in the chatroom. The information contained within each of these strategies can also be used as a starting point in your own journey to create a personalized strategy. It is highly recommended that you begin testing any strategy in your simulator before attempting to trade with real money. Sincerely, Bear Bull Traders Team SEE BELOW THE UPDATED VERSION..... BBT TradeBook.pdf

I had the same question and solved it by 1) Assigning a name to each chart (for example, i used “Chart_WL_1”,”Chart_WL_2”… and so on). 2)Assigning a hot key with the two parts. First setting focus on the first chart with the “FocusWindow [the name of your first chart]” command. The second part is assigning the time frame with the command “MinuteChart [time frame]”. In my case I have six charts that I want to change at the same time with one hotkey, the script to change to five minutes looks like this: FocusWindow Chart_WL_1; MinuteChart 5; FocusWindow Chart_WL_2; MinuteChart 5; FocusWindow Chart_WL_3; MinuteChart 5; FocusWindow Chart_WL_4; MinuteChart 5; FocusWindow Chart_WL_5; MinuteChart 5; FocusWindow Chart_WL_6; MinuteChart 5; Hope this helps.

Hi Zack This is a B/E stop market order: ALLSYMB;Route=Stop;Price=AvgCost;StopType=MARKET;STOPPRICE=AvgCost;StopPrice=Round2;Share=Pos;TIF=DAY+;Send=Reverse;ROUTE=SMRTL I guess you just need o change StopType to LIMIT ALLSYMB;Route=Stop;Price=AvgCost;StopType=MARKET;LIMIT=AvgCost;StopPrice=Round2;Share=Pos;TIF=DAY+;Send=Reverse;ROUTE=SMRTL Not sure if you can use Price=AvgCost+.05 maybe you can test this in the sim and let us know if it worked for you.

Hi All, I created this topic so that Trader's can share their real time experience/journey in the world of Live Trading or with Bear Bull Traders. I find myself fortunate to be able to share my story as well as my 2 cents on the learning I have had from the mistakes till date. To start with, a brief about myself : My name is Paras Jandwani, 29 yr old, basically from India but have been settled in Washington DC, USA for the past 5 years. I have been working with a Tech company named Accenture (Yep, not a full time Trader yet) as a Solutions Business Consultant for the past 9 years. From a very young age itself I was interested in Stock Market, following tickers and watching business programs etc. However, for some reason may be social pressure could never make a career in finance (no regrets though). Anyways long story short I opened multiple trading/Investing accounts back in India and invested money based on the FURU alerts or speculation. I eventually blew up my account 2 times leading me to take a break from Trading. Trading Journey with Bear Bull Traders (then "Vancouver Traders") It is always said that you can suppress your passion but can never wipe it out from your life. Since I had already moved to USA, the passion of making a living out of the stock market led me to look for options available to me to learn and explore the US Market. It was around August 2017 when I found your book on amazon with the title "How to day trade for living" which I thought exactly met my need. I immediately bought it and was impressed with the simple concise way the book was written and detailed about everything that needs to be performed step-by-step to become a Stock Trader. Currently, with the huge amount of options, with data available on google, the beginner's struggle a lot with what needs to be performed and are really confused if anything offered to them is genuine or not. The book written by you clarifies all of these confusion and give a very clear head start for beginner's trading career. After I read the book, I immediately joined the Bear Bull Traders (then Vancouver Traders) community in September 2017 and followed almost every small suggestions/guidance provided by you in the chatroom. I traded in SIM for 4 months and went live in Feb 2018. It's been almost 9 months live (every trading day from 8:30 am to 12 pm EST) and looking at the past where I was down with more than $ 6k in losses around the mid of June 2018 and gradually coming back to break even in Aug 2018 and currently sitting at a net profit of $ 3.5k.The figures might not seem big as I have always been a very risk averse Trader and when I started I used to trade with a volume of 20-50 shares for high priced stocks such as TSLA and 100-200 shares for mid-float stocks (I never traded low-float stocks, till date). Currently, I easily trade 500 - 750 shares/trade for mid-float and 200-300 shares/trade for high priced stock. I think every trader has to pass through a learning curve and should respect the process. I have made my own mistakes and learnt from it. I am still learning every day and happy to be able to lead my passion. Hope to be successful one day and trade full-time. Below are some of the items that I learnt during the process : 1. You just need to master 1-2 strategies to be able make consistent money. (I tried multiple different strategies (not just from the book) to create an edge and ended up with being more confused) 2. Volume sizing should be a privilege and should be increased gradually in 10-20% every time when you are confident enough.(At the time, when I started making consistent profits with small volume of 100-200 shares I immediately started trading with 500-600 shares at a time which led to a lot emotions taking over leading to consistent losses) 3. Say NO to Averaging Down ( This type of trading saves you almost 90% of the time but would wipe out months of profit in a single day when it doesn't work. Been there and learnt it the hard way) 4. Higher number of tickets DO NOT guarantee higher profits. (I have a rule to Stop trading once I achieve my profit target or my max loss or 30 tickets/day. Number of tickets/day have saved me rule has been a very important for me to take selective trades. I remember my reckless/revenge trading having 223 tickets on one of the trading days which cost me hundred's of dollars in losses.) 5. Rules are meant NOT to be broken. (Almost every single time I broke my rules I paid the price for it) 6. Being patient with the winners and impatient with the losers. ( Almost every single trader faces that. I was very impatient with the winners and patient with losers which made my losses bigger then my profits) 7. Setting the stop loss right to either an indicator/support/resistance level (Had a very bad habit of setting the stop loss at the level based on the loss I was willing to take) 8. Importance of Journaling. (I use a software named Edgewonk for Journaling. My past chunk of trades gave me the indication that my win rate between 9:30 and 10 am is 76%, between 10 and 10:30 is mere 24% and 10:30 to 11: 30 is 64%.This was an eye opener for me. I almost immediately stopped trading between the time where my win rate was the lowest. This really helped me in maximizing my profits) All the above mentioned experience wouldn't have been possible without a person who is a guide and a mentor, none other than Andrew!. I hope to continue learning from him and find myself fortunate to be a part of an amazing trading community.

Hi All, my name is Carlos M. I am 32 and live in Northern Jersey, few minutes from the NYC. After 12 years of working as a Senior Operations Manager, I was laid off this past December. My company purchased GE Appliances and moved to their headquarters in Louisville, Kentucky. I thought I would be more upset about the layoff but I had 12 amazing years, and I was ready to move on and try something new. The company gave us almost a year and a half notice, that was more than enough time to prepare. (Plus a nice $$$ for years of service and sticking around until the end :) ) As my work started to transition to the new company, I found myself having a lot of free time during the day. I always had an interest in trading stocks and this was the perfect time to start practicing and getting ready. I did another online course and trading that did not work out (that’s a story for another time), and then I found Andrew’s Book and Chatroom community. Signed up for the Platinum package, I did the simulator for about 4 months and when live this month (January 2018). Looking forward to possibly meeting up in the near future with others traders and continuing being part of this amazing trading community. Carlos M.

Hi Yudyud, for Tradingview and Bookmap, you can use the feed from a broker like IBK. for tradingview for Bookmap good luck!

Hi Drew, When you place stop loss order, set your TIF=GTC. GTC means Good Till Cancel. Best of luck.

hi guys, is there anyone from Italy or Switzerland who want to get in touch so we can maybe share our trading journey and potentially organize a meet up soon? ciao Carlo

This stop is not right: ROUTE=STOP;StopType=Market;StopPrice=AvgCost;Share=Pos+share;TIF=GTC;BUY=SEND. Share=Pos This is a hotkey to partial 50% and move stop to B.E CXL ALLSYMB;ROUTE=SMRTL;Price=Ask+0.05;Share=Pos*.5;TIF=DAY+;BUY=Send;TriggerOrder=RT:STOP STOPTYPE:MARKET StopPrice:AvgCost ACT:buy QTY:POS TIF:DAY+ You should add Cancel order when you partial or close out pos with the last hk CXL ALLSYMB;Price=ASK+0.05;Price=Round2;Share=Pos;TIF=DAY+;BUY=Send; You should have orders window to see what's in there, somtimes big loss comes from unknown open order in there My breakeven hk for both way CXL ALLSYMB;Route=Stop;Price=AvgCost;StopType=MARKET;STOPPRICE=AvgCost;StopPrice=Round2;Share=Pos;TIF=DAY+;Send=Reverse This hotkey is very good to cover 50% at market for both way CXL ALLSYMB;ROUTE=SMRTM;Share=Pos*0.50;TIF=DAY+;SEND=REVERSE

If the StopLoss was hit, this order should exit 50% of your position then send the Trigger order for the remainder at AvgCost which would then immediately execute to exit your position

Hey, welcome! Firstly I'll say I don't trade 1 Min ORB in the current market generally speaking. The open is quite choppy a lot of the time at the moment. However: 1) Yes eyeball/experience, it won't be the same for something $5 vs $200 for example so can't say exact amount. Different stocks move different amount even considering price range so has to be experience IMO. 2) Yes for the 1 Min ORB it's the range of the 1st minute candle, another popular strategy is the 5 min ORB which would be the first 5 min candle. That's not to say you can't develop your own 2 Min ORB, just not what is taught here. 3) Yes engulfing candles can be a strategy as you might trap some people short or ride along with people buying the dip but bear in mind it's a momentum strategy so I would record that in your testing and see how it alters your success. In this scenario I'd more likely be trading the Fallen Angel strategy (Brian) for a better entry. 4) Depending on the direction of your 1 Min ORB. On a ORB long a bottom wick is fine as this is buying from the lows (bullish) but an upper wick would be bad as there's some selling. Obviously vice versa if you are taking ORB short. 5) Yes taking too extended from VWAP makes risk:reward more challenging. Experience again I'm afraid. 6) You don't, 1 trade at that time. Experienced traders might take more later on but at the open would be asking for trouble. Martin

Heh Miah!, Thanks for sharing these hotkeys I've just been trying these Hotkeys out today and they're great for my strategy! Just noticed that the Short Script wasn't working so I've had a play around and I think I've managed to get something that works Short 10c: Share=100/.1;ROUTE=LIMIT;Price=bid-.05 ;SELL=send;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:AvgCost2-.2HighPrice:AvgCost2+0.1ACT:BUY QTY:POS*.50 TIF:DAY+;TriggerOrder=RT:STOP STOPTYPE:MARKET STOPPRICE:AvgCost+.50 ACT:BUY QTY:POS*.50 TIF:DAY+ I hope that helps, Alex, UK.

I'm going to update this in case someone else sees these orders in the future and finds this post looking for answers. For anyone who trades the opening 5 minutes, these orders are a huge pain. They completely obscure the tape at times, and are sometimes multiple points away from the last trade price. After a very long and completely unhelpful exchange with a very unfriendly DAS support rep, I finally know what these are (I think). They are real orders that are being reported at the time they come through the tape, and by turning "exchange" on in the T/S settings you can see that all these orders were routed through FADF which is a apparently any one of a number of dark pools. So this is why they are coming in way outside of the spread, they were likely executed seconds or minutes earlier, and are only being reported at the time you see them on the tape. The solution to getting rid of them, so they don't ruin your ability to judge order flow, is to set T/S settings to only display transactions greater than one share.

Hi Everyone, Looking forward to meeting everyone in person and learning a bunch of cool stuff! - David B. (chatroom handle, SonoFusion)

Just loaded it up and it looks great. Thanks for sharing!

Does DAS have a snap feature that allows horizontal lines to snap to OHLC of candles to make drawing them faster and more accurate?

that's awesome, thank you, I'm glad I asked. renewing now.

Hi All, I am new to trading and looking for a Buddy/Mentor. Please let me know if anyone is willing to help. Regards, Deepak [email protected]

I would like to meet up. I am a beginner (beginner!) trader and it would be nice to get some support and discuss. I’ll be out of pocket until next Tuesday because we are in the process of moving back to Texas. What days/times good for you all? Where are y’all located?

Hi, Everyone, my name is Bob Pike and I'm in Barrie, ON. After 28 years with the military and 5 years with Shared Services Canada I've decided on trading as a third career. I plan to retire from SSC in two years as my pension will be at max after 35 years. This sounds great, unless you have an ex that walked away with half your pension and every penny you had, sigh. I started with some Motley Fool subscriptions and became fascinated with Coupang. I opened an account with Questrade and started swing trading Coupang, riding the bumps for 10 cents or more per share, eventually trading 1,000 shares at a time. Recently the January correction trapped me with 1390 shares at $22.63 and it's trading around $19 right now so I'm stuck for a few weeks. Once stuck, I bought Andrew's book "How to Day Trade for a Living" and realized that I have no idea what I'm doing, LOL. I want to start over and do everything you folks are doing, use the same brokers, software, methodology. I like to help people so hopefully I can learn enough to be of service to others. I have a lot of family and ties to BC so it's nice to belong to a group headquartered there. I have a new monitor coming on Monday so I'm really excited: 4K HDR display with Ambiglow 558M1RY/27 | Philips . I want to see if one giant monitor will be as good for trading as a bunch of little ones. I've read that you can go either way. I'm doing data center networking from home now due to the pandemic so spend all day in front of screens, I just accidentally broke my ASUS 49" curved monitor that I loved. Thanks for having me, I hope to learn quickly and help others if I can. -Bob Pike

I just switched to DAS with TDA. I was with IB before. So far, I haven't noticed any major problems with fills. I have had a couple instances of bad slippage, but might have happened anyway regardless of the broker because I got stopped on a breakout. I am trading small size and doing lots of scalps, so the savings in commissions is definitely worth it. When I start increasing my trade size and profits, I will probably switch back to IB. In my first couple weeks, these are the differences I noticed: Need to change all my hotkeys to LIMIT and MARKET instead of SMRTL and SMRTM. No problem. Otherwise, it was really easy to switch from DAS IB to DAS TDA It seems TDA will not allow me to close my position or close part of my position if I have a stop in place. I don't like this because I like to partial and then edit my stop after. Keeping the old stop keeps the little order marker on my the chart showing me visually where my stop was and I can click on my order and just replace my share quantity without redoing the stop. This is not a huge issue, but it is more work for me. I think TDA might be trying to protect people from accidentally forgetting they have a stop order and then get filled the opposite direction without knowing. Personally, I like that IB gives you the freedom to do anything you want even if it might not make sense for most people. When I click to buy/sell, there is a delay in DAS showing my order in the platform...less than one second, but for those milliseconds I wonder if I was filled and what price I was filled. I think it's just the delay in the data showing the platform and not the actual price filled. So for example, if I was going long, I hit buy...the price keeps moving up and after a slight delay I see the trade triangle where I was filled and it is usually better than where the price is currently trading. The delay is a little annoying since I like quick scalps, but it looks like I get filled where I expected. TD free commissions does not apply to every ticker or instrument. Honestly, I haven't figured out which stocks have commission or not, maybe the OTC ones (?). I will research this later since I just got started here. There were also some names I can trade on IB, but not on DAS TD, like JUVAF. Again, I am not sure why (not short locate problem because I was long). Perhaps it was foreign - I don't know. Hope this helps!

I don't have any experience with those chairs. However, I did end up getting the SecretLab Titan XL and man do I love it. Still seems crazy to spend that much on a chair, but not really when you factor in how much time you spend sitting in it. I look at it this way, you spend a third of your life in bed and sleep is important so invest in a good mattress. You spend 8 hours a day in a chair, so invest in a good one. For me the combination of the chair and standing desk has been a game changer. I am able to stay focused much longer and trade most of the day.

i have observed similar issue stated above . Could it be related to the dasTraderPro IB version ?

I know this is an old post, but I was looking for away to do this as well. You can do this by Right click on the chart - Data Config - Un-check the show pre/post Market. Now you should be able to view the charts without the Pre-market data.

If you've added to your trade and want to update your stop loss I have two scripts for you (they will also work whether you are long or short): Update Stop Shares - Moves to Breakeven: CXL ALLSYMB;Route=Stop;Price=AvgCost;StopType=MARKET;STOPPRICE=AvgCost;StopPrice=Round2;Share=Pos;TIF=DAY+;Send=Reverse; Update Stop Shares - Doesn't move stop: CXL ALLSYMB;Route=Stop;StopType=MARKET;STOPPRICE=STOPPRICE;StopPrice=Round2;Share=Pos;TIF=DAY+;Send=Reverse;

Hi Taylor, I know a long time back there was an issue with a Streamdeck going rogue and firing all the hotkeys, I thought they updated that in software, but I remember reading on the Elgato forums that some users had to RMA their devices (faulty) ... you may want to contact their support. I've used my StreamDeck going on 18 months and have never had this issue .. but I don't have predefined share totals, so it wouldn't be able to send a valid order in my case. Now, you can implement a few protection mechanisms within DAS. If you go into DAS Main Menu -> Setup -> Trading Settings, set these: X - Check duplicated new order (same order in 10 seconds) -> This prompts you if a duplicate order is sent rapidly. X - Price Check -> Choose values that make sense for you. This won't do much in this case if your hotkeys define a price. X = Checkmark You could also add a modifier key to your hot scripts that is not reflected in the StreamDeck. Example: You'd set a hotkey in DAS to SHIFT+CTRL+1, set the StreamDeck to send CTRL+1. With this setup, you'd have to hold down SHIFT on the keyboard while you hit a button on the StreamDeck. As an added measure, you could also add to your Hotkey scripts a '; FocusWindow CHART;' at the end of all your current hotkeys that can buy / sell stock. CHART would be a name you give a particular Chart or something like the Market Viewer, via the Right-Click Window -> Config -> Name). This way if you get a rapid firing of hotkeys in the future, only one will be able to actually fire off because the window focus would move to something else and the other buy / sell hotkeys would fail until you manually bring the focus back to the montage. When you go live, you should also set up your maximum loss with DAS (it's a form you file), that will minimize actual risk because they'll sell everything / reject orders if you hit that level. I do it like this (example values): -$60 PnL --> Alert --> Speak 'Max Loss Warning' (this signifies I have room for one more full R loss) -$90 PnL --> Alert --> Speak 'Max Loss STOP' (this tells me to stop trading) -$120 PnL --> DAS Risk Form --> Auto Stop / Reject I give an additional 1R buffer between the point I'm supposed to Stop (self discipline) and the point DAS will turn the account off for the day and liquidate positions, to account for the higher-than-my-account commissions DAS calculates in.

I just started the Van Tharp Institute Peak Performance Course for traders (home study edition). I really need to improve issues with my trading (fear, self-sabotage, over-trading, etc.). I think this course could really help. To place some accountability on myself to finish the course I plan to post my reading notes and assignments online. Hopefully, the info provided will help others as well. Van Tharp Institute Peak Performance Course Vol 1: How to use Risk Preface: The three stages of growth for a trader. 1) They think they can make easy money from trading. They think the most important thing to investing/trading is picking the right stock. 2) A substantial change has to occur where the trader begins to asks, “how should I trade to make money.” Thus, they start looking for a trading system that fits them. 3) The trader realizes that trading success does not come from external control, but from internal control. Controlling risk, profit/loss>1 and position sizing all comes from internal control. Chapter 1 Commitment means congruency. It means the whole person is working together for a common purpose. No internal conflicts. When committed, trading is no longer just a hobby. The moment one definitely commits one’s self, then Providence moves too. I translate that as: when you are committed to work hard, luck will be on your side. To develop commitment first you must determine your obstacles. Second, and more difficult, you need to determine how those obstacles reflect what is going on within you. The last step is deal with them. Make peace with the obstacles by making them unimportant. Below I created my personal obstacle table: Obstacle Internal reflection Make them unimportant Fear 1) Fear of being wrong 2) Fear of missing my stop 3) Fear the loss will affect my trading and mood. 4) Fear the little success I’ve had is due to an accommodating market. Once the market changes I will fail and quit. 1) Your supposed to be wrong at least 50% of the time. If you are wrong less than 50% you are scalping too much. 2) You are working the mental muscle, it will get easier. I do have risk controls, if I miss my stop I can’t lose too much. 3) If you learn something from the trade, it was still worth while taking it. 4) Have faith in yourself that you will learn and adapt. Self sabotage 1) Every streak of good trading is ended with catastrophic failure. 2) I take way too many partials hurting my win/loss ratio. 1) You will wind down your streaks with smaller share size and SIM trading. So it will end with a whimper not a roar. 2) With more trades, more data will be available for analysis to determine proper partialing. Data is stronger than my nerves. The math will prevail. Over trading 1) If you only take one trade the whole day, but it had a poor setup, you already overtraded. 1) I am having slow progress, but I do see progress. My trades are slowly getting better. I have the time to learn. I am in no hurry. As long as I have progress there is no issue. Health 1) Not enough sleep and exercise 1) My family is slowly becoming more accommodating. It is taking time but they will come through for me. In the last 6 months my average sleep has increased from 4.8 hrs to 5.7 hours a night. Still a far cry from 8 hours but again as long as there is improvement.

Hi Kelly, You do not have to pay for both, when you get Das Trader Pro with IB or any other broker. It comes with a demo account as well. That is included in your monthly fee, you will only be paying $150. It is also very easy to switch from Live to Demo with Das Trader Pro. There is one login only but once you log in you have several options to switch from Real and Sim, you can do it manually on the montage, you can define it by hotkeys or you can change the overall global setting to Real or Sim. This post has more information on how to switch between sim and real. Hope this helps. Thanks.