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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.

DAS TRADER PRO ADVANCED HOTKEYS – A PRIMER [2024-04-15: Production v.5.7.9.3] − Speed and efficiency are paramount in the fast-paced world of stock trading, particularly day trading. As traders, we are constantly seeking tools to gain an edge in the market. One such tool that has gained popularity among day traders is DAS Trader Pro, renowned for its robust platform and advanced hotkey scripting capabilities. − As I share insights about DAS’s Advanced Hotkeys, I want to underscore that most of the knowledge I’ve acquired about this craft—like many others in the trading community—was generously shared. I must acknowledge that I have no official affiliation with DAS Trader Pro software and that my present information is based solely on personal experience. − This presentation serves as my way of giving back—a small contribution to the community that has provided me with so much. Everything discussed here is intended for educational purposes only. It's crucial always to conduct your due diligence and independently verify any details, as this responsibility ultimately lies with you. The concept − The purpose of this exercise was to create a set of hotkeys for my trading. My hotkeys came from various good Samaritans willing to share; not all are equally effective. Understanding the complexity of the script itself was challenging at first. It's essential to test your hotkeys before trading, as you may realize they are not working as intended or don't meet your specific needs. − I set out to create a single hotkey script to fulfill most of my trading requirements, from buying options calls and puts to trading shares of stocks, long or short, while managing risk. The accompanying Excel spreadsheet allows you to input your specific settings. Want to trade stocks, long or short? Options, buying Calls, or Puts? Adjust risk levels? It’s all there. You create a script that aligns precisely with your trading style by customizing these parameters. Script Flow In this section, I will summarize the key steps in the script, from initializing variables to setting up the trigger order based on the defined trading strategy. 1. Initialize trading variables using the accompanying Excel spreadsheet (risk per trade, position size, price offsets, etc.). 2. Check trade bias: a. If LONG: Calculate the buy price and set up a SELL stop-loss order. b. If SHORT: Calculate the selling price and set up a BUY stop-loss order. 3. Compute position sizing: a. Account-based sizing uses percent position size, buying power, and risk percentage. b. Risk-based sizing using fixed dollar risk or percentage risk. 1. Dollar Risk : 2. Percent Risk 4. Adjust position sizing for options/stocks trading and ensure sufficient funds. 5. Determine minimum position size based on the lesser of account-based or risk-based sizing. 6. Prepare order details (price, route, time in force). 7. Execute or load the appropriate BUY or SELL order based on trade bias and order status. 8. Set up trigger order with stop type, price, action, and quantity. How to use the Script (please see prerequisite section) Using the script is straightforward if the script is linked to a hotkey: Double-click on your chart at your desired stop-loss price. Fire the hotkey linked to the script Conclusion In the exhilarating world of stock trading, where split-second decisions can either make or break fortunes, speed and efficiency serve as our trusted allies. Time saved is not merely a commodity but the defining factor between seizing an opportunity and watching it disappear. Cross-verifying information remains wise, just as one inspects a parachute before taking the plunge. This presentation humbly supports the trading community by fostering growth through education. Connect with me on X (@ItoThetrader), where I will do my best to address some of your questions/bugs and suggestions and try to improve. Happy trading! Despite my best efforts, there may be some errors in this document. I apologize if you come across any. After all, making mistakes is human, and I am only a mortal armed with a keyboard and a spellchecker. Download the accompanying Excel file Ito DAS Advanced HotKeys Primer v0.16.6.pdf

@members due to very profund changes in the chatroom and my lack of time in the past months the theme shared in the first post of this topic no longer work. I took some time to update the icons for the 6 tabs and few things more. Here is the result. Please refer to the first post of this thread to check how to setup it up ! protradingroom_v3.txt

Hello, I am Rong from Seattle, Washington, USA. I am a software engineer. I just finished my bootcamp training and started using BBT. I trade opening momentum breakouts/breakdowns. I developed trading bots to execute orders for me to achieve fast order submission and following my rules. You can read about my trading bot here https://docs.google.com/document/d/1WN9hR-SVI6q3vMwEA69xNbXWvPmpl2Zt14jnxqHydPQ/edit#heading=h.ajxsjfzc2f52

Updated: 8/8/2019 @ 12:44pm (PST) Finally out of the alpha stage and releasing this to the community, I've been using it with success. Because I had to do some musical chairs with memory I made a configuration utility as the script itself is very ugly. This is more of a BETA release for this, so if anyone wants to try this out in SIM and let me know if you have any issues with the configuration sheet or the hotkeys themselves. It's based on the work started by @fjmocke here: https://forums.bearbulltraders.com/topic/469-das-calculate-shares-based-on-account-risk/ . What it is: It's a hotkey command script that can be used to dynamically alter the share total based on: Available Buying Power (capital) Stop Location (Risk) % Account Risk OR Fixed Dollar Amount The script includes purchase power protection and won't send an order that you can not afford, it does this by calculating two factors: A - Shares You Can Afford B - Shares at Risk Parameter (e.g. $25,000 account equity, 1% risk = $250 risk, $250 * a stop distance of .10 = 2500 shares) min{A,B} = 0.5(A + B - | A - B | ) But, why male models? I just told you. /Zoolander reference You'd use this to calculate your share total based on what you're willing to risk. So instead of blindly throwing 500 shares at every setup, you can dynamically alter risked amount based on the per-trade setup. I use it on my StreamDeck (will also release the icon packs soon) with modifiers of 100%, 75%, 50%, and 25%. 100% is the A-Plus setups I see, those I have HIGH confidence in. Alternatively, if a stock has a large spread or is low-float, I may only use the 25% modifier key for those. Instructions for Configuration: Go to this link: V2.1: DOWNLOAD ^^ Recommend latest DAS version of 5.4.3.0. Requires DAS version 5.2.0.34 or above (current BETA branch as of 11/19/2018) for the physical stop portion to work. If you don't use the physical stop, you don't have to worry about it. NOTE: Thoroughly test in SIM to make sure it's doing what you expect it to do. Choose: Download the ZIP file and unzip to where you want. On "Setup & Instructions" configure your settings. Account Leverage (default for DAS is 4), this is the margin your broker gives you. Some off-shores give 6. It needs to match what is configured in DAS for proper calculations. Max Account Risk %. This is the maximum percent of equity you're willing to risk on every trade (default is 1%). You can always risk lower (more on that later). % of Total Buying Power. If you don't want to calculate based on the total buying power of 100%, you can set this to a lower percentage (example: 100,000 buying power with 60% here equals $60,000 maximum position size) Route. LIMIT, MARKET, SMRTL. Default is LIMIT. Order Bid/Ask Offset. This is the offset you use when you send the price for order, e.g. "Ask + 0.05" (meaning fill me up to 5 cents above ask) Time in Force. Default: Day+ Default Shares. This is the amount of shares you want to set as the DEFAULT SHARES for all trades (e.g. when you click a Symbol and it loads, this is the share total). You can see why this is here in the technical breakdown section below. Minimum Stop Buffer. This is an offset to the stop distance. If you set this to 0.05, it'll add 5 cents to the stop distance calculation (so if your stop distance is 0.05, it'll be calculated on 0.10). Switch to the "Hotkeys" tab. Choose your preferred style. % Risk of Equity (Dynamic) or Fixed Price (e.g. $150 risk). %Equity Risk: Use the drop down to select what you want the value to be % equity. NOTE: This is a modifier AFTER your account risk maximum %. So if you have 1% account risk, and set this to 50%, your effective account risk is 0.005 --> 0.5%. $ Fixed: Use the drop down to select what you want the value to be for dollar risk. Select "long" or "short" to flip the script's direction. Click the cell that contains the start of the command (E column) and Ctrl + C (copy). Paste it into DAS. It should look like a sample command below. Instructions for Usage: First, you must have "Double Click to Trade" turned on in Chart, Right-Click --> Configure --> Settings --> Double-click to trade. Double click the chart where you want to set a mental stop (it does not place a stop order, you can always put one in after). Hit your configured hotkey. Sample Scripts: LONG: DefShare=BP*0.98; Share=DefShare*0.25* Price * 0.01; Price = Ask - Price + 0.02;SShare = Share / Price; Share = DefShare - SShare; DefShare = DefShare + SShare; SShare = Share; SShare = DefShare - SShare; Share = 0.5 * SShare; TogSShare; ROUTE =LIMIT; Price = Ask + 0.05; TIF=DAY+; BUY=Send; DefShare = 500; SHORT: DefShare=BP*0.98; Share=DefShare*0.25* Price * 0.01; Price = Price - Bid + 0.02;SShare = Share / Price; Share = DefShare - SShare; DefShare = DefShare + SShare; SShare = Share; SShare = DefShare - SShare; Share = 0.5 * SShare; TogSShare; ROUTE =LIMIT; Price = Bid - 0.05; TIF=DAY+; SELL=Send; DefShare = 500; Technical Breakdown: DAS has basic scripting. Montage commands have access to very few read/write variables, basic operations, and only operators of addition, subtraction, division, and multiplication. To do this calculation we need additional operators (min function, and absolute function) and more memory for storage of variables. This command gets around these limitations by using user-writeable areas of memory in the program. Since DAS is written in the C++ language (from what I can tell), it's strict on what can be done in these existing memory locations. The hotkey uses the following items (plus the usual Price -- FLOAT): (Assumptions on Datatypes) DefShare -- INT (Used as a temporary variable for storage) SShare -- Unsigned INT (Behaves like an Unsigned INT in certain situations. Used as a temporary variable for storage) Share -- INT (Used as a temporary variable for storage) With the 3 INT variables, objects are moved around in memory so that we can calculate and compare with our variable limitation (be much easier if we could assign our own). To facilitate the ABS() function, we use a trick --> When a negative value is placed into an Unsigned INT it loses it's sign (thus, it becomes a POSITIVE value in memory). A more detailed technical breakdown (step by step) is located in the Configuration spreadsheet up above. Future Enhancements: If need be, I can make a step-by-step video of this entire process. I have a version that uses an AutoHotKey macro to drop a line at the stop location, I can upload that as well if people want it. ^^ Update, I discontinued this as it was too cumbersome. You had to have two sets of hotkeys for each command. I may someday revisit it if I can build out a configuration tool for it. TLDR: It does the math for you so you can risk a known amount (% or $) based on your per-trade risk position (stop distance). And yes, I'm a bit of a tech nerd. Also, longest post .. ever. Would not read again, 0/5 stars. --- KNOWN ISSUES: %Account Risk gets smaller and smaller when subsequent open positions Reason: No Equity variable, we reverse calculate equity using Buying Power. On subsequent positions, the % (e.g. 1%) calculation will be based on the available buying power and NOT the account equity. Workaround: Precalculate the %risk and use it for the $risk versions. So 1% of $25,000 equity equals $250. SSR rejection on LONG position when scaling out; rejection message (e.g. "Short marketable limit order disable due to SSR!") if using the automatic STOP trigger. Reason: DAS calculates that the position will drop below the open stop order position and reject as this can cause the position to "flip" if it was triggered. Workaround: Have a hotkey to clear the open orders (CXL ALLSYMB), clear it, scale the position (e.g. 25%). Either replace the stop or switch to a mental stop. Alternatively, you can add "CXL ALLSYMB;" to the front of the scale-out hotkeys. You just have to be cognizant to replace the stop order. Equated position size if very small (e.g. 4 or 5 shares when expected is hundreds). Reason: Wrong side was used for the order. E.g. a long hotkey is used when trying to go short. -or- Stop Distance was calculated to be a negative value (clicked too close to current price). Workaround: Be cognizant of the hotkeys used and the stop distance clicked. Clicking too close (a really tight stop) can be very dangerous if you do it inadvertently. TriggerOrder for automatic STOP placement not being sent (no stop order placed). Reason: Montage is not set to a style that doesn't allow TriggerOrder input. Styles not compatible are: Default [DAS's, if you changed it], Basic, OCO, Option, Full Fix: Use a style that is compatible, they are: Stop Order, Detail, Trigger -- I recommended using the "Stop Order" montage style. To change this, right click the montage area around where you'd enter a price and select Style --> Your Choice. --- UPDATES: 10/17/2018 - Added v.1.1 link, you'd need to use the new version to change anything. - General cleanup of the script. Added instructions for the IB issue (discussed in this thread) - NEW FEATURE: Added a new section to the Hotkeys sheet, it will now create a set up for Dynamic Scale-In hotkey commands. You'd use these by setting a scale value (say you want an additional 50% of your current position size). The hotkey will calculate the maximum share you can afford (how much you can afford at the moment) and the scale value, choosing to take the least amount. So if your current position is 1500 shares (@ $50.00) and you want to scale in at 50% your current position, it'd check if you can afford an additional 750 shares, if you can't, it'll buy the maximum you can afford. For this example, you can't afford it (if Buying Power is 100k), so it'd buy roughly $25k worth (500 shares). - CLEANUP: Cleaned up the $Dollar Risk version and removed unnecessary steps. Don't really need to replace yours if they exist, but worth noting. 10/30/2018 - Added @Michael P's suggested fixes for Excel. Configuration tool should now work in both Sheets and Excel. - NOTICE: This was a configuration tool change, no changes were made to the hotkey scripts, so no need to change any existing hotkeys. 11/19/2018 - Shortened some of the commands so we don't hit any hotkey character limit, makes them less readable, but shorter. Couldn't get them low enough to fit the montage buttons though (although removing the portions for the buying power rejection protection would likely do it). - Added a section for SELL/COVER buttons for people who just need to create those. E.g. "Sell 25% position" or "Sell 33% position". - Added @Robert H's stop suggestion. New fields on the setup page for enabling physical stops. If enabled, it'll place a MARKET or LIMIT (settings included) trigger order to go into the market once the initial order is fulfilled, these are placed at the location you double-clicked on the chart. 11/20/2018 - Added a stop-order setting to set an additional buffer for the stop price (for those that want to include or exclude the double-clicked price). - Added conditional formatting to subdue the stop settings that aren't required if you disable sending a physical stop into the market. 12/10/2018 - Added a known issues section to this post and the spreadsheet (for when a new version goes up). 12/12/2018 - Updated known issues section to include the "Montage Style" issue for TriggerOrders. 12/13/2018 - Updated to new version 1.46. Fixed a bug in the Trigger Order script which could cause it to not be interpreted by DAS's command parser on certain user settings. - Added "modifier" extra hotkeys. See instructions next to these on how to use them. - - - Set Stop to Breakeven - Long or Short - Stop Limit or Stop Market (cancels any pending orders for SYMB) - - - Set Stop to Breakeven - Bidirectional - Stop Market (cancels any pending orders for SYMB) - - - Stop - Update Price - Long or Short - Stop Limit or Stop Market (cancels pending orders, double click chart where you want stop before firing hotkey) - - - Stop - Update Price - Bidirectional - Stop Market (cancels pending orders, double click chart where you want stop before firing hotkey) - - - Stop - Update Position - Long or Short - Stop Limit or Stop Market - Replace (requires you double-click the original stop in the Orders window) - - - Stop - Update Position - Bidirectional - Stop Market Orders Only - Replace (requires you double-click the original stop in the Orders window). 8/8/2019 - New version 2.0, download the .zip file and unzip it. - Fixed an issue with some hotkey configurations that may have caused them to be inaccurate in vary rare situations. Recommend recreating your hotkeys in this new version, just to be sure. - Added Profit Target hotkeys. - Added % Scale-In Hotkeys - Added $ Risk Scale-In Hotkeys - Added Short-SSR to Long/Short dropdown for SSR hotkeys (DAS Simulator) - Added Range Order hotkeys - Added Y-Margin Scale Increase hotkey, Y-Margin Decrease, and Y-Margin Reset - Added new sheet "Example - Equity%" and "Example - $Risk" to give a more workflow outlook on what is happening. - Included a ScaleOut worksheet to manually simulate what different scale percentages / scenarios look like (instructions will be in the video). ALSO: Video is done and rendering, I think it comes in at 45minutes with 3.4gigs (4k), so it'll need to be optimized before I upload it to YouTube. Will try to do it today and will update this when done. 9/10/2019 - New version 2.1 released. Just general clean up (UI) and bug fixes. - FIXED: Issue with the Scale-In $Risk hotkeys. - FIXED: Issue with the Stop Update Price long and short hotkeys> ^^ If you use either of those, please regenerate them and replace in your DAS to avoid issues. UPDATES: The majority of this side project is completed and besides a few requests I have in with DAS developers to optimize a few things, out of any major bugs or improved scripting features, I'd say this is about done. I'll provide any edge-case support as need, but I want to move on to other BBT-community projects. So what do I have cookin' for you guys, gals, and cat? You'll see a glimpse in the video of an early prototype (buggy! I programmed that in a few hours, so bugs are expected) of a DAS calculator side program. The newer version (need to finish the UI) will incorporate a lot more in ways of tools for you, including automatically calculating changes without a hotkey intervention. It also allows you to mass-process trade log .csv files you may have exported and compile it into Excel or .CSV for import into other programs. Configuration is drag/drop friendly, so rearranging your columns is as easy as click and holding. I'm also going to shift my attention to finishing my ORB-strategy research. Right now, my datapool encompasses 15000 news article, gaplists for 2011-2019, and 1second data for stocks in that range. It's a data store of roughly 80 gigs. The idea is to test for hidden signals we may not see that can indicate a potential direction of an ORB strategy (if no rare outside influence occurs, like a terrorist attack) by leveraging a consortium of machine learning algorithms to give us a higher probability of success for each day. Depending how the research works out, the end product would likely be a probability predictor for each day. I'll share the research results with the community and may incorporate some other tests as well. VIDEO: Ok, so I may have gone down an editing rabbit hole and that took longer than expected. The videos are up, came in quite long so I chunked it down. Sorry it's a tad scattered and not one-linear cohesive unit, but I tried to mark it up as best as possible. Part 1 - Config / Math - https://youtu.be/YrRrydwGyRY Part 2 - Setup, Quick Examples, Tips - https://youtu.be/pXLlWF7T6hw Part 3 - Sim Trade Example - https://youtu.be/SO9UhJh4dTc Bonus 1 - Scale/Price Excel Calc - https://youtu.be/KTr_iJ2p0TU Bonus Tips - https://youtu.be/sNHXFMoia7A

We can now process orders anytime, just like if we did it manually. All the details here.

Hey everyone! Excited to have found the BBT community. I'm 44 and recently moved to the Cincinnati area. I have driven past a billboard about learning day trading for over a year now, and for some reason it resonated with me this week. Mainly I think what prompted this was listing to Tom Bilyeu taking about breaking the time for money equation. I've had in interest in stocks and stock investing for a long time now, but I've always hesitated about day trading for all of the negative stigma around it. But as I started to look into this one company's training program, I started looking around the marketplace and Reddit and have come to believe the overwhelming feedback out there that you don't necessarily need to pay for expensive trainings and individualized coaching, but you DO need an appetite and willingness to learn and the support of a strong community. Enter BBT. I found Andrew's book and the BBT podcast and am grateful for both! I'm not all the way through the book yet, but I'm excited to crush it pretty quickly, join the next onboarding training, then getting after it! I'm really looking forward to getting to meet everyone, learning the trade smartly, then graduating to real investments in the near future. Cheers! 😃

Certainly, let's explain the terms with a little help from Google and ChatGPT! 1. **IDAS** IDAS is the DAS Trader Pro platform designed for mobile devices. 2. **TotalView** TotalView is Nasdaq's premier data feed, which displays every single quote and order at every price level for Nasdaq-, NYSE-, MKT-, and regional-listed securities on Nasdaq. It provides visibility into all displayed quotes and orders attributed to specific market participants, including access to total displayed anonymous interest. 3. **IEX Deep** DEEP is used to receive real-time depth of book quotations directly from the IEX Exchange. The depth of book quotations received via DEEP provides an aggregated size of resting displayed orders at a specific price and side, without indicating the size or number of individual orders at any price level. 4. **Forex (Foreign Exchange)** Day traders in the foreign exchange (Forex) market engage in buying and selling currency pairs within the same trading day, with the aim of profiting from short-term price movements. Forex is highly liquid, and day traders use leverage to magnify potential gains or losses. 5. **FLOAT Data** In the context of day trading, "FLOAT" typically refers to the public float of a stock. The public float represents the number of shares available for trading by the general public, excluding closely-held shares. Day traders often consider the float when assessing the liquidity and potential price movements of a stock. 6. **Replay Level 1** Traders can use the ability to replay Level 1 market data to analyze their past trades or to practice and refine their strategies. It allows traders to review the last traded price, bid and ask prices available during historical trading sessions. 7. **ARCA OPRA** For day traders, "ARCA OPRA" might refer to options trading data on the NYSE Arca exchange that is reported to the Options Price Reporting Authority (OPRA). This data is crucial for options traders to make informed decisions regarding options contracts listed on the NYSE Arca. 8. **Level 1** Level 1 data, in day trading, provides essential real-time information, including the last trade price, bid price, and ask price. Day traders often use this information to monitor current market conditions and make quick trading decisions. 9.** Level 2** Day traders rely on Level 2 data to gain a deeper understanding of market depth. It includes a list of current buy and sell orders, the number of shares or contracts available at each price level, and quotes from market makers and ECNs. This detailed information helps day traders assess market liquidity and identify potential entry and exit points for their trades. voilà! AND the realtime data feed is included in those DAS subscribtion!

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.

Hi, most people here use DAS, including Carlos (I used to but don't anymore). If I was choosing one or the other then I'd choose DAS but Bookmap complicated matters for me. It depends what kind of trading you're doing, if you're a scalper like Andrew then DAS is better. The executions are better so those split seconds count as you're entering at the point of the market where you often expect it to go immediately. This is what DAS is going for, quick executions. IMO the executions in TWS are fine if you're looking for more point to point moves but aren't as quick as DAS. In terms of charting TWS is missing some features that DAS has that people here use such as highlighting bigger orders on Level 2. However, this isn't a strength of DAS either vs other providers (as I mentioned their focus is execution speed) for example things like volume profile is incorrect in DAS because they use a less data intensive method for the benefit of speed rather than do it accurately (I asked them to do it properly but they refused and said they don't intend to fix it). Therefore depending on what you're using you may be fine or you may have issues with charting (with both) which is obviously a difficult question to answer for a newer trader. DAS has replay which is also helpful for a new trader but BBT now has a free replay on trading terminal so it's not as big an issue now vs when I started. DAS hotkeys are more customizable, things like fixed risk hotkeys are missing in TWS. So DAS has the edge throughout but the reason I went to TWS from DAS is Bookmap, imo it helps tremendously read Time & Sales and Level 2 and my decisions as a result are much quicker (far outweighing the benefit of DAS execution speed for me, also should point out DAS was around 200-250ms delay for me vs I think 50-100ms for some NA traders because I'm based in Australia), many members here use bookmap. It's lacking education content in BBT at the moment (but I believe is coming) because Thor is the only mod who uses it and has just started. I'm using bookmap to chart in the shorter timeframe and make decisions. DAS therefore became a $200 a month (stocks and futures) platform just for execution and I don't see the value for the type of trading I do (not scalping). I only use TWS for a little bit of charting and execution really, I won't necessarily continue executing in TWS as it doesn't give me everything I want but doubt it would be DAS either. As I said most people here use DAS so I will say my opinion isn't the consensus opinion.

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.

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

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.

This is a very common question, so hopefully this post can be a good reference. There is a new hotkey command called DuplicateWindow which lets you 'clone' an existing Montage, Time/Sales, or Chart window. All settings like hotkey buttons, colors, fonts, etc. will be copied over. How to: -Go to menu Setup > Hot key -Add New Item -Enter a Name and Hot Key. In the Script Field, enter DuplicateWindow -Press Commit Now you can simply select the window you wish to duplicate, then press the hotkey (CTRL+D in the above example). And voila, attack of the clones!

Here is a useful tip for how to change the font size in your charts. Right-click Chart > Configure On the left-hand size, click the box to the right of Label (Price/Time) Change font accordingly The font should now be changed for both the X and Y axes.

Hi Guys, I wanted to share a hotkey command / script I got from @Robert H that I find very useful. Let me tell you a short story about my frustrations in covering a position. There were times that I'm in a stock just right at the open and it shoots super fast and in favor of my direction. Ofcourse your initial reaction is in shock for few milliseconds. And Instead of covering my LONG/SHORT position, I always end up adding half or full at your target. Imagine how stressful that was! So I've always been curious if there's a magic hotkey to cover either a LONG or SHORT position without worrying which side you are in. And believe or not, @Robert H has the answer! Not sure if some of the guys in our BBT forum has this command already but Let me share it anyways and see if we can tweak it for our favor. ROUTE=SMRTM;Share=Pos*0.5;TIF=DAY+;SEND=REVERSE (for half position Long/Short) ROUTE=SMRTM;Share=Pos;TIF=DAY+;SEND=REVERSE (for full position Long/Short) The only issue I think with this I guess is, it's set as Market order. Meaning, you can get filled at any price (blank cheque) and this is bad if you are trading non liquid stocks or stocks that has huge spreads. This is probably only suitable for smaller trade sizes or with liquid stocks that has tight spreads. If someone has an idea to convert this into a LIMIT order to Hit the Ask when you're LONG and Hit the Bid when you're SHORT that would be great! Hope you find this hotkey useful somehow. Cheers, Ryan (ryan_pdt)

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 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.

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!!!

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.

Thanks for sharing Michael. I am really interested in the outputs you get. This is a great idea and one I have been playing around with as well. However, yours is a little more sophisticated. I haven't read the bigegst looser so not familiar with the premise of its style, but still curous as to what it will output.

Thanks for the pointers @peterB. I found the advanced course "Your First Three Months as a Trader" that I'm going through now, which is super helpful! I especially liked the recommendation to start with learning for at least the first month - I take it as a bit of a grace period to absorb information to serve as a baseline for what strategies to test. @Brendon - poor grammar on my part. Mean to say I lost nearly $500. Looking back at my paper trading account, I lost $271.25 to be exact...so not nearly as much as I thought. Thought I'd double down yesterday and take a position on CHWY...stupid! And THERE went another $304, so if you count that one, my total losses were $575.25. I've actually been really disciplined about following my stops so far--even if I see it coming, I'll let the trade stop out vs. adjusting my stop loss. I don't want to get into the habit of irrationally relaxing my stop, and I'd rather get stopped out right now and analyze what I did wrong than exit the trade early. It is sim after all. I'm now starting to develop supplemental spreadsheets to help me more easily identify my entry, R1/R2 positions, and my stop loss, and so far that's been really helpful.

@peterB is way better then me with those question. best!

Thanks. Someone linked a video Carlos did using Parallels. I'm going to review that and take it for a test drive. Bootcamp requires a reboot, whereas Parallels is a hypervisor with coherence so I can run DAS side by side with all other MacOS apps.

Hi @FloydTech The commission was indeed the lower number fortunately. I did transition to live trading with IBKR and use DAS for executions. My experience with both IBKR and DAS are really good. Best, Matthias

Hi! I was wondering if anyone (or Kyle) knows how Kyle's fixed risk hotkeys for stocks/ETFs on DAS Trader could be adapted to trade futures. The futures i'm interested in trading are the micro E-mini S&P futures which have a 'ticker' constructed by # symbol followed by M (for mini), ES (code for S and P futures) followed by a letter for the expiration month (currently it is M) followed by a number for the year (currently it is 2 for 2022) = #MESM2 For NASDAQ futures, it is the same process but with NQ instead of ES = #MNQM2 The fixed risk hotkey that i'm interested in adapting is the simple one where you double click on the chart where you want your stop and then when you press the hotkey it calculates your share size. I don't think interactive brokers allows you to purchase or short fractional futures so the hotkey would have to round up/down to the nearest whole number The hotkeys I use are the following: Long: StopPrice=Price-0;DefShare=BP*0.925;Price=Ask-Price+0.00;SShare='insert fixed risk value in $'/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=SMRTL;Price= Ask+0.05;TIF=DAY+;BUY=Send;DefShare=200;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.05 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY+; Short: StopPrice=Price+0;DefShare=BP*0.925;Price=Price-Bid+0.00;SShare='insert fixed risk value in $'/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=SMRTL;Price=Bid-0.05;TIF=DAY+;SELL=Send;DefShare=200;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice+0.05 ACT:BUY STOPPRICE:StopPrice QTY:Pos TIF:DAY+; If someone could help in doing this I would be extremely thankful (as a european/UK resident I cannot trade SPY/QQQ ETFs so SP futures are the best alternative for an extremely similar day trading experience/chart and I seem to have became profitable in simulator trading these market ETFs but not trading stocks which I find harder) Thank you, Jack L

Yes, there is a replay in the DAS SIM. You have T&S but not L2. Replay is also available if you have live account and DAS platform, it is part of the package.

Fellow Bear Bull Traders, I would like to share with you the Equity Simulator. Another possible name for it could be Expectations Manager. What the tool does: The tool calculates the likely Equity curve and distribution of daily R given the probability of R outcomes in every trade. It also compares the Equity curve when using a Fixed amount R vs using R as a % of Equity. Motivation: As part of my Trading plan, I've set rules for increasing and decreasing position size based on my trading results, as well as moving from Live to Sim and vice versa. But I was feeling that these rules were quite arbitrary - I was wondering how many Red/Green days a week/month I should reasonably expect in the long run, and what kind of profitability I would actually need to meet my goals. Learning how to execute each trade properly is paramount but I felt this would add some perspective and peace ("do I really have to have red days, given my win rate?":) Alternatives: EdgeWonk analyzes individual trades and seeks for potential improvement in entries, exits, and trade management in general. (thanks @KyleK29 for the suggestion) In contrast, this Simulator can't be used for tweaking individual strategies - it focuses more on the bigger picture and your average trading results. It could be however used to compare your results using two styles of trade management - e.g. Style 1 : 60% chance of -1R, 40% chance of 2R vs Style 2: 80% chance of -1R, 20% chance of 4R Further comments can be found in individual cells and on the second sheet. Please let me know any suggestions or questions. Link to the Excel file: https://drive.google.com/file/d/1SUEfrZskJOWpwASR7sUvB2LnOrkxgF2d/view?usp=sharing Have a nice day and don't forget to hold the line! 🎂🤑 JanJ

Hi Everyone, My name is Hung-Wei, and I live in Melbourne, Australia. I am a developmental biologist and have been doing research for 20 years. I started trading seriously in 2021 during the pandemic and faced the uncertainty of my academic career. I did experience the rise of the bull market in 2021 and suffered the down of 2022. But as said, " it is the best time to learn more about the market." I am looking forward to knowing more about this trade. Best Hung-wei

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!

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

Hey Girish, It's a + for short positions and a - for long positions. Long - Cover Half - Stop loss to break even: CXL ALLSYMB;Route=LIMIT;Share=Pos*0.5;Price=Bid-0.05;TIF=DAY+;SELL=Send;ROUTE=STOP;StopType=Market;StopPrice=AvgCost;Share=Pos-share;TIF=GTC;SELL=SEND Short - Cover Half - Stop loss to break even: CXL ALLSYMB;Route=LIMIT;Share=Pos*0.5;Price=Ask+0.05;TIF=DAY+;BUY=Send;ROUTE=STOP;StopType=Market;StopPrice=AvgCost;Share=Pos+share;TIF=GTC;BUY=SEND

Hi, Here's another hotkey command for STOP Market at avgcost or at breakeven whether you are Long or Short. ROUTE=STOP;StopType=Market;Share=Pos;StopPrice=AvgCost+0.00;TIF=DAY+;SEND=REVERSE Thanks, Ryan

Aloha, my name is Paul and I live on Maui. I have been interested in trading for years and finally had an opportunity when I sold my snorkel business. I am a single father raising two beautiful girls (4 and 6) and love that I can be done with my trading day usually before my girls even wake up, thanks to the time difference in Hawaii. I read Andrew's book among many other and really liked his style so I joined his classes and got a simulator account. I traded in the Simulator for 4 months and went live December 1st. I feel so fortunate to have found Andrew's book and day trading, it has changed my life. The chatroom offers great support and camaraderie, I couldn't think of trading without it. Many Mahalo's to Andrew and Pez and all the support staff.