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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.

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!

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.

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!

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.

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).

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)

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

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.

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.

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.

Look forward to seeing you Mina

I am confused with the difference between the DAS Trader Pro account and the simulator account. I understand that the simulator is not connected to a brokerage and costs approx $100/month. The DAS Trader Pro is connected to the brokerage and costs $150/month. I currently have a 3 month simulator plan. I also have an IB account. If I set up a DAS Pro trader account does that mean I will be paying $250/month to DAS for both the Trader pro acct and the sim? Or does the Trader Pro account include the simulator? Do both accounts have to be configured separately, or do the screen formats sync automatically? Can I simply switch from one account to the other, or do I have to log out and re-log into the other. Sorry for the confusion. I was briefly using the IB trading platform and it was easy upon login to choose either paper or live trading. It seems expensive to pay for the DAS pro trader and the simulator separately. Thank you for any help or if this question has already been answered. I did search the forum. Kelly

Hi, I would much appreciate if you could help creating a DAS hotkey for options trading? I'd want to buy a contract with the size based on criteria; - contract size: limited with a defined buying power ($2000) - Price entry: mid price - Attached a market stoploss: 85% of average cost Thank you so much for your help.

I will be there!

Con este post iniciamos el foro de BBT en Español, presentate al grupo, comparte de donde eres, donde vives, cuánto tiempo llevas haciendo trading y todo lo que gustes compartir para conocernos mejor!

Bienvenido Angel nos vemos en el chatroom!

Hello BBT, I hope all is well with you all. my trading journey to date is as follows. I quit my job in Sept last year as I was miserable and depressed and started to pour my focus into learning all I could about day trading and I joined BBT in Nov '22 after reading Andrew's books, probably like most people on here. This year I have gone self-employed and I am able to trade regularly 2/3 times per week whilst supplementing my income by working for a local brewery and I am much happier for it. I am currently at the stage where I have been trading live for about a month now, my first objective is to have a break even month having just had my first profitable week (albeit a very modest one with the limited risk I am putting on). I'm currently reading "The disciplined trader" which is great and have "trading in the zone" & "Volume price analysis" lined up after that. I would describe my trading style as a trend trader who likes to use multiple timeframes and market alignment to give myself the best chance of a profitable trade, mainly using SMA's as my trading indicators. I also like to trade on higher timeframes, as I find the shorter timeframes quite noisy and distracting. I have attached an example of my DAS platform set-up for anyone who is interested. I am looking for someone who trades in a similar style to myself to share trades & ideas with and provide some sort of constructive feedback in order to gain a different perspective and hopefully learn from one another. I also like the the idea of providing mutual accountability and support to each other when things aren't going so well. If you are reading this and think we would be a good fit as trading buddies then I would love to hear from you. Please feel free to get in touch via e-mail with the subject line of "BBT Trading buddy" or something like that Define your risk & keep it green! Alex from Leicester, UK. [email protected].

Not all cheap stocks and it depends how you play them (are they in play). Just saying it's not as easy as playing any stock in that range the way that you see the mods play TSLA, AMD etc every day even when they're not necessarily in play (they're often moving with the market), stocks in the $20-$50 range you just need them to have a catalyst to generate the liquidity on a lot them, if you're a catalyst find the trend type trader then you can follow those stocks around with catalysts and you'll likely be fine (there's just not as many around as there was in the past few years). Through Covid for example those types of stocks were played a lot because the travel sector was often in play every time there was a drop off or spike in numbers or some new variants was found or some vaccine news or whatever, however at the moment the catalysts tend to be more around economic data so the market as a whole moves and so we're more playing those big market names at the moment because that's where the liquidity is.

I am one of the traders Angela mentioned who tends to trade AMD, AAPL, TSLA etc every day. For me they are more predictable because of the higher liquidity and the types of institutions required to move them run on algos and those algos have certain behavior that you see over and over again. I will trade stocks "in play" as well because you can get big directional moves based on news, this is also fairly predictable as they are trading large RVOL because longer term participants are involved, in this scenario I can see within the T&S/L2 when things are beginning to change. The exception is the float of the stock rather than the price for most traders as once you get to a certain size in your trading smaller floats can be difficult to trade, there are some stocks which is too easy to turn the price. You basically need to be able to get in and out easily without slipping too much on the spread and you need sufficient liquidity that anybody can't just dump it 50c with a $50k account (there are a number of $20-$50 stocks where you can do that on a daily basis if it doesn't have huge RVOL on news). Companies like the big US airlines (AAL, DAL) for example have a big float so that doesn't tend to happen even though they're a cheaper stock price. That said I can still find a $3+ move way easier on TSLA than I can $0.5+ move on a $50 stock (unless it's got a great catalyst), for instance on Friday TSLA was an obvious false breakdown just before 10:30, not saying you would catch the whole thing but if you did it was a $9+ move, this is the ATR at work, a $1 move in that type of price stock and a $50 price stock are very different. To quote you, the things you may be missing are therefore, ok you can make $50-$100 or whatever on the stock but what is your end goal and is it still feasible on the stocks you're trading, if I use Andrew as an example, he just can't trade a lot of stocks with his size, he would get too much slippage on his stops because there isn't enough liquidity for him. Also you say risk management will stop the greater risk of loss but is the liquidity there on your stock to be able to get out with the risk you want? it may be fine when you're trading 100 shares but if you want to get to 1k shares or 5k shares then it's not the same thing. Not everyone wants to get there or maybe it's not an issue on the stocks you're actually trading but that combined with the predictability for me are the reason I choose higher priced stocks. If you listen to the morning show with Carlos, he says "no volume" to half the stocks he gets suggested and this is basically what he means, he doesn't think it'll move predictably/that a relatively small amount of money can move the stock. He'll also says look at that spread (or something along those lines), basically he's saying you'll be down big when you get in because you've jumped across the spread and then your risk management may not work very well in being able to get out because there's just not enough liquidity on the order book, this is the reasons a lot of us trade big stocks most days (particularly at the moment where most news is market wide news rather than company specific news)

Hi, few things, you will make same money no matter the stock is cheap or not, if you are trading with fix risk, there will be no difference, just you will buy / sell different number of shares, more shares for AI and less for Tesla. The price of the stock doesn't define the profitability. 1$ on a 30$ stock and 1$ on a pricey stock mathematically don't have the same value. But 1R profit on the same two stocks has it. Experienced traders focus on stocks in play, those liquid and in play for the day as they provide the best opportunities with clean price action and fast moves because many traders are trading the stock. Look at RVOL, shares traded for the day, ATR and how clean is the price action. My advice is to collect data and figure out which stocks you trade well. What I mean by this is that we are different, and everyone has different personality, some trade well stocks which move slower, and others prefer stocks which move faster. Some stocks are more volatile or wicky and every stock has its own personality too. That information will come from your stats over series of trades. However, it doesn't mean you have to avoid all other stocks, it just means that you have a little more edge with some group of stocks than others. I will give you an example, my stats show that I trade well stocks over 20$+, ATR 1$+ and over 2 mln shares traded today. How does this help me. If I am in discord call out chat or look at the scanners, first thing when someone calls a stock, I will look at the ATR, RVOL and shares traded. Then will look in the price action and how clean it is before ever decided to take a trade. This is subjective and I use it for stocks I never traded. I still will trade stocks under 20$ like $CCL or $NIO on certain days when they move clean. The more you trade the more you get experience and understanding of what works for you and what to avoid. There are these traders who trade only few stocks like $SPY. $QQQ or $AAPL and $TSLA. They have spent time to get to know the stocks and how they move, and this gives them a little edge. But they still trade a profitable strategy and have sound execution to make money. On a different note, learn and test a profitable strategy. This is where the focus must be and forget for the money you will make. Even when you trade live, your main focus is to execute the strategy well and not the money. The money is a by-product of the strategy, your execution and discipline not the price of the stock. Setting daily target of how much money you have to make is something which will delay your development as a trader. It is unrealistic to expect to reach a daily profit goal when you are learning. You may be green for the day but traded horribly and you will take this as a great performance when you just got lucky. Your daily goals must be performance based - discipline, patience, execution, selection etc. Did you execute according to your rules. Was your selection good? Did your trade meet the strategy criteria. Trading is just the opposite of what everyone thinks. They focus on the money (outcome), but trading is about focusing on the process of trading (performance) and money follows. You start with a strategy, when you master it, you work on your entries, then you work on holding to target and this is how money flow in your account if you consistently execute your strategy. This takes years, set the right expectations from the start, it doesn't come in a month or even an year or two.

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

That makes complete sense, thank you!

What does this do: This 2 part script will allow you to set a stop loss, set a future price on your chart where you want to enter, and dynamically calculate the shares you can afford based on a fixed dollar amount. What do you mean by “2 part”?: With the current limitations of DAS, it's required to use two scripts (hotkeys) for this to work. 1. The first hotkey will set where you want your Stop Loss to be 2. The second hotkey will set where you want your Entry to be Example: The High of Day is $49.99 The current price is $49.50 and trending back up towards HOD The L2 has lots of strong ASKS at various price levels above $50.00 You want to enter if it breaks $50.00 Double click on the chart where you want to set your Stop Loss - $49.90 You hit Hotkey 1 Double click on the chart where you want to set your Entry - $50.01 You hit Hotkey 2 If and when the price hits $50.01 it will automatically enter you into the trade with your fixed $Risk and place your Stop Loss. ------------------------------------------ I used this on NVDA today at 9:51 ($415.63) for a HOD break. Luckily my preset stop was also set right below $415 at $414.97, so I didn't get wicked out I actually set it up around 9:40 and wasn’t even looking at the chart when it entered for me! By the time I noticed I was in the trade I was already in the money! Scripts: Long $20 Risk: Part 1: StopPrice=Price Part 2: DefShare=BP*0.97;Price=Price-StopPrice;SShare=20/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare; SShare=Share;Share=Price*100; Price=StopPrice; DefShare=Price*100; Price=Share/100; Price=Price+StopPrice; StopPrice=Price; Share=SShare; TogSShare; Price=Price+.05;TIF=DAY+;Route=Stop;StopType=Limit; Buy=Send; Share=DefShare;Price=Share/100; StopPrice=Price; DefShare=400;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY+; Short $20 Risk: Part 1: StopPrice=Price Part 2: DefShare=BP*0.97;Price=StopPrice-Price;SShare=20/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare; SShare=Share;Share=Price*100; Price=StopPrice; DefShare=Price*100; Price=Share/100; Price=StopPrice-Price; StopPrice=Price; Share=SShare; TogSShare; Price=Price-.05;TIF=DAY+;Route=Stop;StopType=Limit; Sell=Send; Share=DefShare;Price=Share/100; StopPrice=Price; DefShare=400;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0 ACT:BUY STOPPRICE:StopPrice QTY:Pos TIF:DAY+; Known Issues: I have seen the script fail and only enter me with a small number of shares. Uncertain what caused this, but I’ll be looking for it again. Final Thoughts: I’ve been testing this in SIM for a week and wouldn’t advise using it live without doing the same. I know a lot of people have been asking for something like this - I would love to hear what other scenarios people would use this for!

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

Hi, Nice! only really headed out that way when going to Wilson's Prom a few times, I live on Ocean Road side of Melbourne so tend to head out that side more. Yeah people say that to mean people start and look at Andrew and he'll trade for 10 minutes and be up $5k and say he's done trading for the day, everyone loves the idea but most can't trade like Andrew. I started with BBT in July 2020 I think, short version of my story is I work in Finance and had an interest in markets. Swing traded a bunch of stuff at the bottom in 2020 when things were stupidly cheap and made a decent amount (like a years salary), no real strategy just knew people were panicking like previous crisis's and things were crazy cheap. Decided to use that money to give trading a shot because I got tired of climbing the corporate ladder and the politics of it, worst case I decided I'll come out breakeven on money from the market, put a little over PDT ($25k) in the account and started directly with IB. Heard all stories of blown up accounts so I kept a lot back and was only ever going to let it get down to the $25k so I was able to top up my account a number of times if I needed to. Traded too big at the start but then really scaled back to $20 risk per trade to make sure the amount I set aside would last and give me the time I needed. A lot of time in replay and a couple of failed tradebook attempts later I have my style that I like and works for me, I still tweak it here and there to nail it down for the success % + Risk : Reward I want then I'll move onto maintaining that while scaling up. Yeah no problem, just reach out if you have questions. I'm on here everyday working on trading.

Hi! I'd love to join the book club for Thor's book. Thanks! Camille (Domina Negotiatione)

Thank you, that was helpful I did not understand the fixed risk on the videos, if risk is $50 we should be able to chose the stop range (10c, 20c, 50c...) but on Kyle's excel sheet I could not find where to configure it but this was helpful, I think I will use this without the TP at 20%

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

Hey whats up AdamzTradez! Interested in the study group.

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

Hola todos, mi alias es Troady, nombre real es Luis Arteaga, Cubano de origen, Norteamericano de nacionalidad despues de haber sido Holandes tambien por 18 años. Resido actualmente en Naples, Florida desde el 2004, donde me rompo la cabeza a diario dirigiendo una compañia de transportes que poseo con varios camiones de carretera. Soy graduado del Intituto tecnologico de Utrecht en hardware y software de computadores (clase del 87), aunque mi pasion hasta hace poco era manejar camiones y ir a lugares remotos, gracias a eso conozco varios continentes, cerca de 60 paises y hablo varios idiomas. He hecho algunos pinitos en Forex y Crypto, aunque sin resultados a destacar, llevo siguiendo stocks y Wall Street por algun tiempo y hace poco choque con el libro de Andrew Aziz "Day trading for a living" y me impresiono lo sincero, franco y explicativo del libro. Decidi contactar a alguien de la comunidad en Español y despues de hablar con Abiel, decidi unirme a la comunidad de traders. Aqui estamos, espero que por mucho tiempo y espero hacer buenas amistades dentro de la comunidad.

So I have to give credit to @KyleK29 for helping me a few mornings just before the open to get these working. Thank you so much Kyle for helping me along. At the time of writing this I'm using Das Trader Pro version 5.6.4.11 I'm a dad with 3 little kids. I'm still in paper trading phase and I don't feel like I get enough practice during the opening before I have to get the kids ready for school. So the replay mode is key for me to be able to continue my practice after hours. These scripts are a mod on the scripts provided in this post I am mainly using the % scripts but I also made this work for $40 R entry. Explanation Original 20% Long Script (Stop only works during open market) StopPrice=Price-0.01;DefShare=BP*0.97;Share=DefShare*0.25*Price*0.002;Price=Ask-Price+0.01;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=400;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.3 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY+; The part that needed to change was at the end where DefShare=400 So we replaced this... DefShare=400;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.3 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY+; With this... DefShare=Share; Route=Stop; StopType=Market; Share=DefShare; TIF=DAY; SELL=Send; DefShare=10; And presto! Stop orders now work in replay mode. Here's the Short version DefShare=Share; Route=Stop; StopType=Market; Share=DefShare; TIF=DAY; BUY=Send; DefShare=10; Here are the scripts I'm using KEEP IN MIND THESE ONLY WORK IN REPLAY MODE!! DO NOT USE THESE FOR LIVE TRADING!! I ACTUALLY DON'T KNOW WHAT WILL HAPPEN BUT KYLE WARNED ME! LONG 20% StopPrice=Price-0.01;DefShare=BP*0.97;Share=DefShare*0.25*Price*0.002;Price=Ask-Price+0.01;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=Share; Route=Stop; StopType=Market; Share=DefShare; TIF=DAY; SELL=Send; DefShare=10; 50% StopPrice=Price-0.01;DefShare=BP*0.97;Share=DefShare*0.25*Price*0.005;Price=Ask-Price+0.01;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=Share; Route=Stop; StopType=Market; Share=DefShare; TIF=DAY; SELL=Send; DefShare=10; 100% StopPrice=Price-0.01;DefShare=BP*0.97;Share=DefShare*0.25*Price*0.001;Price=Ask-Price+0.01;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=Share; Route=Stop; StopType=Market; Share=DefShare; TIF=DAY; SELL=Send; DefShare=10; $40 StopPrice=Price-0.01;DefShare=BP*0.97;Price=Ask-Price+0.01;SShare=40/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=Share; Route=Stop; StopType=Market; Share=DefShare; TIF=DAY; SELL=Send; DefShare=10; SHORT 20% StopPrice=Price+0.01;DefShare=BP*0.97;Share=DefShare*0.25*Price*0.002;Price=Price-Bid+0.01;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=Share; Route=Stop; StopType=Market; Share=DefShare; TIF=DAY; BUY=Send; DefShare=10; 50% StopPrice=Price+0.01;DefShare=BP*0.97;Share=DefShare*0.25*Price*0.005;Price=Price-Bid+0.01;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=Share; Route=Stop; StopType=Market; Share=DefShare; TIF=DAY; BUY=Send; DefShare=10; 100% StopPrice=Price+0.01;DefShare=BP*0.97;Share=DefShare*0.25*Price*0.001;Price=Price-Bid+0.01;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=Share; Route=Stop; StopType=Market; Share=DefShare; TIF=DAY; BUY=Send; DefShare=10; $40 StopPrice=Price+0.01;DefShare=BP*0.97;Price=Price-Bid+0.01;SShare=40/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=Share; Route=Stop; StopType=Market; Share=DefShare; TIF=DAY; BUY=Send; I hope this helps someone! Please let me know if you have any question, tips or suggestions!

A text file in the CHAT ROOM is located under the folder option/icon, top right side of the screen. Click the icon u will see a list of files. I have attached samples for ur convenience. Suggest you visit/download from that link. He has made recent updates so it may not be exact/latest code but it should work. Thors_DAS_HotButtons_DAS-SIM-CMEG-TD-onlyV2.txtThors_DAS_HotButtons_IBCO-onlyV2.txt

@NikkiB I dabbled in day trading in 2019, then in February of 2020 I traded every day, but most of the days I just traded the first 45 minutes. So I had a solid 7 1/2 months before the BootCamp. But I can’t even consider the first 3-4 months in my “live” account as trading. I didn’t have an edge. So I guess I was still pretty green entering the BootCamp. The advice I would give anyone entering the next BootCamp. Leverage your coach/team leader, communicate with them on developing your rules, and TradeBook. And do it early in the BootCamp. Also have Ardi change your daily max loss to 3-4 times your risk per trade. I asked a few times at the beginning to lower my daily max loss, but was told we weren’t allowed. Then in the end another trader told me Ardi did change his daily max for him. Don’t focus on the number you need to reach, it puts added pressure on you to be profitable. Just trade well and it will show in your equity curve. Treat your TradeBook and daily review and journal like a science project. They are supposed to focus more on the mentoring this second time, so take advantage of it. Another thing I struggled with was journaling in Chartlog. I tried to just add that to my normal journaling routine. That was way too much. I was basically trying to journal in 3 different programs, I used OneNote and TraderVue before the BootCamp. so adding the third journaling aspect made me rush through my journaling to get stuff entered, I didn’t really “absorb” my daily performance like I usually do with my normal routine. I would suggest just focusing on using chartlog for your review and journal. I believe if I had dropped the other stuff and just used Chartlog, it would have saved me some time and relieved some stress. Start writing down your edge/TradeBook now, get a head start on the BootCamp Process. Feel free to ask any other questions, I’d be happy to give you my thoughts.

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

Hi all, So I was going through some old messages that I've received over the years, and I stumbled upon a question (and my subsequent answer to) from a fellow trader who asked If I wouldn't mind sharing the strategies I used while growing my CMEG account -- twice -- from from a couple thousand, to over $20k each time. I'm going to paste my response below, because: 1) I think it may inspire someone on the fence relative to trading by providing an over-the-shoulder look into my days, 2) encourage those of you out there who may be doubting yourselves (because if a guy like me can do it -- ANYONE CAN) , and 3) highlight the notion that trading is NOT rocket-science, and largely dependent on our own personality/psychology. I've said it 1,000 times, and I'll say it once more: Trading is 90%+ psychology. I could teach my 7-year old daughter how to trade, but I'll never be able to control her mind....That portion of her being, as it is with all of us -- is an inherent battle within ourselves that very few external influences could effectively sway. As always, questions/comments are more than welcomed.... -- ---- --- --- -- --- ---- --- --- -- ---- --- --- Hi xxxxxxxxxxx, To be honest, I didn't trade much differently than my "normal" way of going about things. During the first run, I had to take somewhat smaller positions, and I did find myself trading more of the low-float variety, but once the account was around $3-4k, trading normal is all I did. My "normal" position size varies, depending on a few things, but my ideal trade is a mid-cap stock (priced in the $15-40 range), with medium to high float, and a tight spread. I like to start with 200-400 shares, then scale in to about 2-3x my initial take as my comfort level with the trade increases; if I don't gain comfort with the trade, I'll stick with the initial entry, or stop out. Anyways..., as the account grew, I would occasionally take more chances, but for the most part -- I just kept things "normal," as mentioned... The strategies I use are both simple, yet complex. Andrew would probably laugh at my saying "simple" (he calls me a very complicated trader, lol), but that's only cuz I'm looking at so many things at once (I call it the "big picture"). The first thing I always do is get a feel for the overall markets: I listen/watch CNBC, search for headlines, and check the major indices... I start trading the premarket around 8:45 am...with very small position sizes... I call this my "warm-up" for the day; kinda' like a football player warms up during his pregame... During this time, and as I'm filtering through my scans, I ALWAYS check the day charts of the stocks I'm interested in. I ask myself, "what is this supposed to do today; which way will it end based on a swing traders perspective?" By about 9:00 am I usually know what I'll be trading on the day, AND I have a very good idea of which way I want to trade the stocks on my list (but things can, and do change). At 9:30 am I'm usually hyper-focused on 1-2 stocks. I'm waiting for confirmation that my pre-market analysis is panning out. Usually it takes a few minutes, but there's always a huge chunk of volume that'll come in and move the stock one direction, or the other... At this time (about 4 minutes in), I've usually already begun to scale in, and will add to my position on obvious pull backs. If we get a clear cut 5-minute candle (white, or red), I'll usually play that direction till about 9:45 am (scalping profits, and reentering on pull backs). Again, though, things can change...so I'm always ready to stop out... At about the end of the first 15 minutes (this time is often ruled by "flag" type patterns; which are easy to see on the 1-min chart), I'll watch the 5 minute chart for reversal dojis; I guess I should clarify that I'm primarily using the 1-min chart for entries/exits during the 1st 15 minutes. By this time (~9:45am) my attention is now spread over about 3-6 stocks, and anything that's hitting my momentum scanners. Again, I'm looking for reversal dojis on the 5-min chart (or anything else that would indicate a reversal), and using the 1-min chart to enter, scale in, exit, etc... After this reversal is over, I'll often take another reversal around 10am ish, set a hard stop, then walk away... I HATE trading after 10:00/10:30 am, so my goal is to set it, and forget it from here on... Often times I'll fall victim to more trades, though....but again-- my goal is to be done after I've closed out the trades I took at 9:45. After a short break, I'll come back to the computers, and see if there's anything else worth taking a "set it/ forget it" type trade..., and then I'll handle other business (I used to have a YouTube channel, but now that I've deleted it, I have lots of free time! Lol ***edit -- I actually brought the YouTube Channel back last week; just search my name, Daniel Thomas, and add Day Trader at the end and I'll pop up)*** EVERYTHING I do is rooted in the ideals of support/resistance. Whether it's a pattern, a candle formation, a previous area of consolidation, walls/stacks in level 2, a moving average, VWAP, etc... IT'S ALL THE SAME. We're either going to fight the support/resistance, then violently push through, Or we're going to bounce (off the supportive/resistive area). So I look at all of it....and I'm looking it all somewhat simultaneously. There is ALWAYS a very obvious sign when we approach support/resistance, so having an open mind (to incorporating every thing I'm capable of seeing) helps me take high probability trades. I think this is why Andrew calls me "complicated," because when most traders are looking for a finite "system" for taking trades, I handle it more in a more multi-dimensional way. Anyways... I think people can trade ANY "style" with a small account. Of course it's harder due to the capital limitations, but it's possible to trade whatever style you're comfortable with. With a $1,000 account, and receiving 4:1 leverage, you can take roughly (depending on maintenance requirements and leverage restrictions): 800 shares of a $5 stock, 400 shares of a $10 stock, 200 shares of a $20 stock, etc... The key is to trade within your comfort zone, and ignore everybody/everything else. If you like flags, play low floaters... If you like obvious reversals, play mid-to-large caps. 100 shares of a $40 stock that moves $2 is $200 gain/loss. And 1,000 shares of a $4 stock that moves .20 cents is the same (+/- $200). Pick what fits your personality, and run with it... Also... keep in mind that with a small account, it's almost necessary to take on more risk than you normally would. At some point there is a cost to doing business (commissions, platform fees, etc.), so making 2% on a $1,000 account isn't going to pay the bills. My point is, even though you're in a smaller account, your risk is still present. I look at "small" accounts as an "opportunity" to trade somewhat normally, with a significantly tilted risk to capital. In other words... All I need is a few good days to even out my risk on capital, but I know/understand that a bad trade on day 1 (or 2...or 3...etc..) has the potential to blow up the account. I think the $4k mark, give or take, enables me to trade nearly identical to the way I trade in a $50k account. The problem many traders run into (I know I did) is taking on larger risk as the account grows larger (primarily by taking on larger sizes). If you can moderate what you do as your account grows, and you trade anything like I do -- when you get to $4k you're off and flying... Moral of the story... Pick a style that fits YOUR personality. For me, its mid-cappers with tight spreads and respectful float metrics. I can trade the low-floater pennies too...which I do on occasion, but they're not necessary; even if you have a "small" account. Avoid over-trading, avoid jumping the gun (FOMO), and take what the market gives you. If you don't see a trade -- don't trade. The markets aren't going anywhere; there is always another trade waiting on the horizon... And I'll end with this... I have talked to a lot of people that have found success in waiting for the first 10-15 minutes to pan out before taking a trade. There's a "sweet-spot" around this time every morning where the range to come is still profitable, and yet the volatility has simmered down. And I say "sweet spot," because-- again-- I think trading after 10/10:30 leads to more problems than it's worth (namely over trading with minimal reward potential). Day traders DO NOT trade for 40 hours per week like a "normal" person works their job(s). We prepare, study, etc for 40 hours (or more) per week, but our actual trading is MOST EFFICIENT for just that first hour, or so, of the day. My biggest struggle when going full time was appreciating this reality; that the money is made from 9:30-10:30, and sticking around much longer is most often a bad idea (unless you're just watching, but NOT actively trading). This is why I'll still take a trade after 10, but i WILL NOT (I try not to) sit around and watch it... I'll put a hard stop in, then come back around 1:30/2pm to see how it panned out.. In any case... I know I probably didn't answer your question like you hoped for, but I'm not into selling pipe dreams and false "strategies." The BEST thing any would be trader can do is get in repetitions....preferably in simulator...then trade the markets based on THEIR unique personality. I swing a golf club differently than you, I shoot a basketball differently, and I even sing karaoke differently (okay, I never really sing karaoke)... We can learn from each other, of course....implement things we see others do into our personal game plans...., BUT no matter how closely you study my golf swing, free throw, or vocals -- yours will ALWAYS differ... Trading the markets is very much the same... Keep me posted as the account grows... STAY GREEN, Daniel

I shared my thoughts on the classic ABCD/Flag strategy. This pattern presents itself in virtually every move, across multiple timeframes. The formation consists of: 1. Run-up/sell-off 2. Profit taking/consolidation 3. Continuation Let me know your thoughts!

Hi there, This might be a really easy question but how to change the color of Horizontal line, mine is stuck in light yellow, I can barely see it when I try to draw support and resistant lines. Thanks!

Found another way! This makes it easy to do if you would like to open the same montage in a different tab. Right click on the header of the Montage and click SAVE AS DEFAULT. Open a montage in a new tab, right click the header again and click LOAD DEFAULT. You will have loaded the montage from your original tab then you can duplicate as much as you want. This also works with charts!!!

Also, when your montage is selected, whether you select it by clicking on the montage, double clicking the chart linked to it, or having a hotkey, for me at least, it automatically selects the montage AS WELL AS highlights the ticker symbol field within the montage. So lets say I am in a position, ready to get out, select my montage, but then accidentally press some random key, it will change the ticker symbol and when i try to place a trade, a notification message comes up. . . "This order will be placed for symbol "AAA" (whatever your chart is on), but currently symbol "?" is entered in the symbol text box. Continue?" So its great that DAS is trying to do the right thing, but in the heat of the moment, and especially if you have never seen this message and unaware of exactly what happened it can be a big distraction at the perfectly wrong time. Hope this saves anyone from the fate it caused me first time I experienced it.

Detailed instructions are posted here.