Hello everyone, What plan do I need for the Trade Ideas: Premium or Standard? Do I need it when I am going to start just trade on simulator? Thanks in advance, Lana.

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

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

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

Hey Folks, I just joined the BBT family about 2 weeks ago. I just moved from Seattle back to STL. Wish I would have known you all lived there beforehand. Either way, I visit Seattle a lot for business, and friends. I would love to meet with some of the BBT family next time I am out there. Don't hesitate to let me know when the next gathering is, because I can definitely schedule a visit back to my second home. Anyways, I appreciate you all for the future lifetime connections.

I will be there! Looking forward to meeting you guys.

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

I recently downloaded Thor's NinjaTrader 8 .xml Template file. I could not figure out how or where to put the file in NinjaTrader. I have emailed Thor for help but still no answer. But I did contact NinjaTrader. They responded real quick but were not able to help me get it in the right folder because I really didn't know what to tell them it was. But I finally found some answers on the web which said that file would go in the "Workspace" folder. I inserted it there, restarted NT8 and opened the Workspace "ThorNinja Template" and still nothing. So, does anyone know how to get the file installed properly? Thanks. OK, I found the answer online. For Thor's NT8 Template, upload it on your computer to the "NinjaTrader 8\Templates\Chart" file. You can then open it as new Template in NT8.

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! 😃

I've been waiting for Thor's book release to share a gift. I've been working for months on my Cam study for ToS. I would like to present version 1.0 with and without premarket data. And more importantly, it tells you whether to look at cams with or without, and by default only shows you the cams based on Thor's teaching! The option is there to see both, or just one or the other too. Enjoy! https://usethinkscript.com/threads/camarilla-pivot-day-trading-system-for-thinkorswim.12988/

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!

https://drive.google.com/file/d/19IWyAmJcFg4x05KFu6pxzMbUKx6wmAvX/view?pli=1

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

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.

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.

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!

i'm trying out Ai as my mentor. Here was my starting prompt: Help me and guide me to being a 5 figure per day, day trader. i want you to act as my day trading mentor. DeepSearch the web if necessary. i will upload my daily notes, my trades and a copy of my own rules for myself for your reference. please analyze. ask me any questions you have for clarification. i will also upload a book for you to reference. i'm going to upload four pieces of information total 95 jpg notes 55 jpg trades (Jan 13 thru April 10) pdf book my rules tell me what you want first to get started. Anyone interested in seeing a follow-up post?

U have opened my eyes to additional AI functionality......really appreciate the info......will contain to observe. maybe when complete we can jump on a zoom (i can host) call and u walk through the process on .........really want to learn more.

i ask "how long?" AI replies: I’m in the final editing and formatting phase now. ⏳ Estimated Time to Delivery: Within the next 24–36 hours (max). Possibly sooner depending on final tweaks and clarity checks — I want this to read like a mentor's field manual, not just a report. Here’s what I’m finalizing: ✅ Organized feedback into sections (Mindset, Execution, Rules, Hougaard alignment, etc.) ✅ Highlighting repeat behaviors and subconscious patterns ✅ Writing your custom growth plan (what to keep, evolve, or cut) ✅ Formatting it cleanly so you can actually use it daily/weekly You’ve waited patiently for something with real depth — and that’s what you’re about to get. I’ll deliver it in full, no later than the window above. Let me know if you'd like it in a downloadable format (PDF or Notion-friendly doc) too. i'll get a progress update in the morning when i wake up.

Hey my girlfriend and I live in Poway area. Is this group still active? Would love to connect with other traders.

OMG.....Paul strikes again......BIG thank you boss man.

it does not bring any light actually. with IB you never get what they promoting you. You can never use your IB BP to 100%. Any proof that it can be done please post here.

just go here and do not forget to read this as well as there are some requirements to be set in the settings too

Hi all I'd like to make some open suggestions to increase the value of these forums for BBT members. Primarily, the message is inteded for Andrew, BBT mods and all BBT staff in general, but I would also be interested to hear other members' thoughts on this (which would also lend weight to the suggestions). These forums have been bugging me. They could be (and I thought they would be) a large part of the value of being a BBT member. The main chatroom is ok for quick on-topic questions but not for longer questions that need context, or to open a discussion, and honestly, unless the question is very on topic it'll probably be missed/ignored. The mentorship webinar chatroom is more likely to get a response even on random questions, but again only short questions, and they are only a couple of times a week at times that often don't suit, and the questions usually don't need an immediate response anyway. The forum is the perfect tool for this, but, how to put this delicately, it's half-dead. Many (most?) question go unanswered and there's not much activity here. These two factors causes a vicious circle, which reinforce each other. Honestly, if I have a question which isn't suitable for the chat room (too long, off-topic to whatever's currently being talked about) I don't feel there's any good way to get an answer. Direct email to BBT mods may work (haven't tried, and usually it's better for these to go on the forum anyway, for other members to benefit). Posting a question to the forum usually doesn't seem get a result (I've only tried once or twice, but it's clear from other users that new posts usually don't get responses). Any other channels I missed? This is a shame, Elite BBT membership isn't what I would call cheap and it would be nice if BBT staff tended to the forum. So here are my humble suggestions to incease the value of these forums for all BBT members. Hopefully someone sufficiently influential will read them. 1) Close them to the public. They should really only benefit BBT members but not random people not willing to become a member. Only members can post anyway. And the members-only channel is the biggest by posts anyway. I would suggest that becoming a member at least once get you lifetime read access, but to have write access you need to be a current member. 2) Have BBT staff maintain, respond to the topics or make sure the relevant BBT mod responds if it's a question for them. There isn't that much actvity here so I don't think anyone would be overwhelmed by this. In this way they could be the main channel for getting answers to questions not suitable for the chatroom. 3) Simplify the structure. Personally I think there are too many channels/sub-channels and it's easy to get lost, not know which you should post in. Also too many channels to monitor for people actually interest in the conversations. 4) Maybe we could leave ONE channel open to the general public for reading (if someone really wants the world to see their question even though the world can't respond). It may also be useful for SEO, BBT PR, a marketing channel for BBT to encourage people to join. Point 2 is for me the most important, since it's the main one that could turn this almost ghosttown into a active place. And it's the one that would change the mindset I (and maybe others) have: I have a question but there's no point asking in the forums since it's unlikely to get a response and it's not suitable for the chat room so I guess I'll just have to figure it out myself... (for which of course BBT membership is not necessary 😉 ) The forums seemed to be more active in the past (Kyle and his hotkeys also got a lot of discussion), but alas no longer. Anyway other suggestions welcome (or disagreement), I am genuinely interested if I'm in a minority who is bugged by this. Thanks V.

In French, we have an expression: the forum is like "a Spanish inn." This means that we find there what we bring to it. It is up to us as BBT members to make it more lively.

📉+$602 NVDA VWAP Breakout to Camarilla Pivots! AMD PDC Break towards liquidity🚀 Trade Date: 7/2/24 NVDA started off wicky but once a large engulfing candle formed I went long above the 1-Min 9/20 trend and VWAP. We spiked up to S3 and sold off but held trend. Added more with the close above VWAP, partialed at S3 heavily, hit some chop and got spooked out at VWAP. We had nice bounces from VWAP and re-entered at the break of S3 towards S2, S1, and large liquidity at 123. Later, I saw a bounce from 121.89 (20EMA daily) and tried for another VWAP breakout towards S2 again but only got some partials and stopped out at B/E. AMD ran up and sold off today. Once we hit PDC and had a hard rejection of R1 and crack of LOD, I shorted towards liquidity of 157 and exited fully at 1-Min 200 SMA. You have to be patient and wait for the crack of PDC to trigger stops before you enter to have the greatest chance of success. Brian Pezim taught me this. #NVDA #NVIDIA #VWAPBreakout #PreviousDayCloseBreak #CamarillaPivot

Andrew mentioned a morning hike, but we´ll finalize details soon and will post them here.

Qué tal, me llamo Angel, soy de Monterrey. Empecé en BBT desde finales de 2023. Es mi segundo trimestre en el simulador. Saludos a todos.

Chapter 6 - Mindfulness - Awakening the Observer of the Self An unexamined life is an unlived life. Bc it causes momentary discomfort, you & a multitude of others avoid looking deeper - beyond the surface of our thoughts & identity. Rande continues on to tell us to become successful as traders we have to look beyond the surface. for me; the concept of becoming the observer has been a great learning experience. Realizing that I am not my thoughts and I can let thoughts just pass by without becoming swept away with them produced a humble power within… it takes time & dedicated practice to become a mindful, disciplined person & traders. This is the road I’m on… I am humbly proud of the progress I’ve made, but know I’m not at self mastery which is my ultimate goal. I think it’s a goal you work at forever. I do think some can be considered “self masters” but I believe this means they have the ability to choose long term goals over short term rewards/impulses. They have examined and continually create their thoughts/lives/etc.

Hi Miah, Thank you for posting this. I'm not sure what I'm doing wrong but depending on the ticker, I sometimes see the cam price bubbles and sometimes don't. I am using a 5 day 5 min chart and the only thing I'm changing is the ticker. In your study, I located bubbles at “Time” and left the default time location at 600. Below are a few screen shots of different tickers and you can see that some show the bubbles for each day while others only show the bubbles on certain days. I get the same results with different zoom levels on the same chart. If I change to a different time period, I get different results regarding when the bubbles show or not. Is there something that I need to change to make this work? Thank you,

Chapter 4 – How your fears manifest in trading (1) Fear of Uncertainty – “Traders experience the fear of uncertainty in the form of hesitation. They are looking for the confirmation of the certainty that something is going to happen. In trading there is no certainty – in trading there is probability”. This comes up when I wait for additional confirmation, like confirmation on the confirmation. Looking for assurance on the outcome. The result is a late entry on the trade and small profit. It has been a big improvement but still working on that. I keep a constant awareness, so I don’t get pulled into this fear. (2) Fear of Loss (Pulling the Trigger) – “A trader’s entire dramatic relationship with fear and future possibility are wrapped up in his fear to pull the trigger on a trade”… “Fear restricts the possibility that the trader can see. If he were in a calmer more disciplined emotional state, a very different range of possibilities would have been possible”. I think Fear of Loss goes hand in hand with Fear of Uncertainty. Both issues deal with the issue of not taking the trade even when all indicators are there. On those occasions, it limits what I can see.

(2) Fear of Loss (Pulling the Trigger) This comes out when I jump out too quickly - prior to my stop AND before the move happens because I did not want to lose. I think this fear also goes hand in hand with the fear of being wrong / not right. (6) Fear of Self Sabotage (blowing yourself up) Comes out when I hit a green streak and feel like I've really got this. (7) Fear of Missing Out (Greed) I experience this when I get into a move anticipating the setup. I would argue that greed does not accurately describe this fear - it's more scarcity.

Hey Alex, I'm Jordan and I would love to show you a different way. I have no idea how much money that you make, but I just want to let you know that it adds up. It's not a get rich quick scheme, but I have read all of the books that you read and some of them really make you think. Let me know what you think.

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).

I found a solution for this one thanks to Kyle (he’s the best). Right click on your chart, go to data configure and there is an option that defaults at “2 day minute chart”. Change that to “5 day”. Apparently it happens after holidays. There is not enough data for small time frames to calculate their pivot points.

If anyone know of a similar code/study for the BBT DAS Cam Pivots which can be plugged into TradingView (paid/free versions) would be appreciated.

Many new traders struggle to learn level 2. This was a challenge for me as well. Its WAS like kryptonite, .....................No more. (Read full thread for knowledge). The Bookmap education series teaches how to use the trading tool BUT also it teaches you the mechanisms of the market and how to read in bookmap L2 which can easily be translated into the DAS montague and Time & Sales. In my opinion the Bookmap education series is a MUST for any trader. Start with the link below. As u watch the video remember the following two points: 1. MARKET ORDERS move the market (aka aggressive orders the balls) 2. only LIMIT orders (aka passive orders) are shown in the book of an exchange(Pools of liquidity). Price generally moves to LARGE pools of liquidity, i.e. LIMIT orders. WARNING: The ease of use is unbelievable, u will be tempted to buy. (Watch more on YouTube channel.).......then submit to ur temptations. SUGGESTION ON HOW TO WATCH PRICE--- As PRICE approaches a level focus ur eye on the T&S window initially, top line, (eyes should move from T&S to L2 in montage back to candles, then to T&S) and watch the price and size of the BID/ASK. This tells you exactly wht will happen in the next few seconds and the potential start or failure of a move/swing. This indicator only tells you the start, does not allow u to read if it will continue. (Tht is for another post/thread soon.........).

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

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.

Chronological record of Chat Room Psychology Alerts 1/4/21 – “If you have to compromise your ethics to get it, then it is not worth having.” Akiroq Brost, Author at McGill Media 12/31/20 – “If you want to be happy, set a goal that commands your thoughts, liberates your energy and inspires your hopes.” Andrew Carnegie, American Industrialist 12/30/20 – “Don’t ever make the mistake of believing that market success has to come to you fast. Trade small, stay in the game, persist, and eventually, you’ll reach a satisfying level of proficiency.” Yvan Byeajee, Author of The Essence of Trading Psychology 12/29/20 – “Do more of what works and less of what doesn’t.” Steve Clark, American Trader 12/28/20 – “He who has a why to live for can bear almost any how.” Friedrich Nietzsche, German Philosopher 12/24/20 – “It is not our differences that divide us. It is our inability to recognize, accept and celebrate those differences.” Audre Lorde, American Writer 12/23/20 – “Positive thinking is not necessarily optimistic thinking; it is constructive thought.” Dr. Brett Steenbarger, Author of The Daily Trading Coach 12/22/20 – “We really only trust conscious decision making. But there are moments, particularly in times of stress…, when our snap judgments and first impressions can offer a much better means of making sense of the world.” Malcolm Gladwell, Author of Blink 12/21/20 – “Develop a passion for learning. If you do, you will never cease to grow.” Anthony J. D’Angelo, Author of Inspiration for Student Leaders 12/18/20 – “If you would not be forgotten, as soon as you are dead and rotten, either write things worth reading, or do things worth the writing.” Benjamin Franklin, American Inventor 12/17/20 – “If you cannot see where you are going, ask someone who has been there before.” J Loren Norris, Author of Live a More Excellent Life 12/16/20 – “When we get too caught up in the busyness of the world, we lose connection with one another – and ourselves.” Jack Kornfield, Author of A Lamp in the Darkness 12/15/20 – “After a certain high level of technical skill is achieved, science and art tend to coalesce in esthetics, plasticity, and form. The greatest scientists are always artists as well.” Albert Einstein, Theoretical Physicist 12/14/20 – “Before you become too entranced with gorgeous gadgets and mesmerizing video displays, let me remind you that information is not knowledge, knowledge is not wisdom, and wisdom is not foresight. Each grows out of the other, and we need them all.” Arthur C. Clarke, Arthur of Profiles of the Future 12/11/20 – “Success is not final; failure is not fatal: It is the courage to continue that counts.” Winston Churchill, Former Prime Minister of the United Kingdom 12/10/20 – “When you give of yourself, it benefits you, the organization, and the receiver.” John C. Maxwell, Author of Mentor 101: What Every Leader Needs to Know 12/9/20 – “Focusing on the things that are within your control, seeking learning opportunities in the challenge and practicing gratitude are key aspects of a resilient mindset.” Créde Sheehy-Kelly, Créde Performance 12/8/20 – “Many of the behavioral patterns that interfere with our day-to-day lives also find expression in our trading.” Dr. Brett Steenbarger, Author of The Daily Trading Coach 12/7/20 – “As a trader, you can be the casino, if: you have an edge that genuinely puts the odds of success in your favor; you can think about trading in the appropriate manner; and you can do everything you need to do over a series of trades.” Mark Douglas, Author of Trading in Zone 12/4/20 – “The swiftest way to triple your success is to double your investment in personal development.” Robin Sharma, Author of The Monk Who Sold His Ferrari 12/3/20 – “We make a living by what we get, we make a life by what we give.” Winston Churchill, Former Prime Minister of the United Kingdom 12/2/20 – “Play the market only when all factors are in your favor. No person can play the market all the time and win. There are times when you should be completely out of the market, for emotional as well as economic reasons.” Jesse Livermore, American Stock Trader 12/1/20 – “Green Light, STOP – if you want to see where you are taking the most risk, look where you are making the most money.” Paul Gibbons, Author The Science of Successful Organizational Change 11/30/20 – “If there is no Struggle, there is no progress.” Frederick Douglass, American Writer 11/27/20 – “Amongst the many traits I’ve observed of great traders, this one stands out: They want to get continually better. They’re not happy just being good.” Steven Goldstein, AlphaMind Podcast 11/26/20 – Happy Thanksgiving 11/25/20 – “The Greatest Discover of my generation is that human beings can alter their lives by altering their attitudes of mind.” William James, American Philosopher 11/24/20 – “Successful people demonstrate their resilience through their dedication to making progress every day, even if that progress is a marginal.” Eric Greitens, Author of Resilience 11/23/20 – “Anger is a potent spice….a pinch wakes you up….too much dulls your senses.” Harry Beltik, The Queen’s Gamibt Movie 11/20/20 – “The man who makes everything that leads to happiness depends upon himself, and not upon other men, has adopted the very best plan for living happily.” Plato, Athenian Philosopher 11/19/20 – “The people closest to me determine my level of success or failure. The better they are, the better I am. And if I want to go to the highest level, I can do it only with the help of other people. We have to take each other higher.” John Maxwell, Author of Mentoring 101. 11/18/20 – “Money is just something you need in case you do not die tomorrow. Let this is a reminder for you not to obsess over profits and losses. In whatever you do, strive for enjoyment, focus, contentment, humility, and openness.” Yvan Byeajee Author of The Essence of Trading Psychology 11/17/20 – “It’s not talent, and it’s not environment: It’s how talent brings you to superior environments that creates exponential learning curves and elite performance.” Dr. Brett Steenbarger, Author of The Daily Trading Coach 11/16/20 – “The four most dangerous words in investing are: “This time it’s different.”” Sir John Templeton, American-British Investor 11/13/20 – “He Who is not contented with what he has, would not be contented with what he would like to have.” Socrates, Philosopher 11/12/20 – Knowing Others is intelligence; knowing yourself is true wisdom. Mastering others is strength; mastering yourself is true power.” Lao Tzu, Chinese Philosopher 11/11/20 – “I’ve learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel.” Maya Angelou, Author of I Know Why the Caged bird Sings Thanks to all Military Veterans 11/10/20 – “Some people spend an entire lifetime wondering if they made a difference in the world. But, the Marines don’t have that problem.” Ronald Reagan, 40th United States President Happy 245th Birthday Marines 11/09/20 – “inner peace begins the moment you choose not to allow another person or event to control your emotions.” Pema Chodron, Author of When Things Fall Apart 11/6/20 – “Never, ever argue with your trading system.” Michael Covel, Author of Trend Following 11/5/20 – “It’s not whether you’re right or wrong that’s important, it’s how much money you make when you’re right and how much you lose when you’re wrong.” George Soros, American Investor 11/4/20 – “Throughout my financial career, I have continually witnessed examples of other people that I have known being ruined by a failure to respect risk. If you don’t take a hard look at risk, it will take you.” Larry Hite, Author of The Rule 11/3/20 – “Although few would admit it, the truth is that the typical trader wants to be right on every single trade. He is desperately trying to create certainty where it just doesn’t exist.” Mark Douglas, Author Trading in the Zone 11/2/20 – “Do not anticipate and move without market confirmation – being a little late in your trade is your insurance that you are right or wrong.” Jesse Livermore, American Stock Trader 10/30/20 – “The truth is, unless you let go, unless you forgive yourself, unless you forgive the situation, unless you realize that the situation is over, you cannot move forward.” Steve Maraboli, American Writer 10/29/20 – “We are what we repeatedly do. Excellence, then, is not an act, but a habit.” Aristotle, Greek Philosopher 10/28/20 – “Investing in yourself is the best thing you can do, and as apart of investing in yourself; you should learn more about money management.” – Warren Buffett, CEO Berkshire Hathaway 10/27/20 – “Mindfulness means being awake. It means knowing what you are doing.” Jon Kabat-Zinn, American Professor 10/26/20 – “If you cannot measure it, you cannot master it.” William Thomson, British Mathematician 10/23/20 – “It is easier to do a job right, than to explain why you didn’t.” Marin Van Buren, 8th President of United States 10/22/20 – “Habits are the compound interest of self-improvement.” James Clear, Author of Atomic Habits 10/21/20 – It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is the most adaptable to change, Charles Darwin 10/20/20 – The hardest thing for a trader to be, is to be themselves. Yet it is being yourself and the best version of yourself that unlocks your potential.” Steven Goldstein, The AlphaMind Podcast 10/19/20 – When you genuinely accept the risk, you will be at peace with any outcome. Mark Douglas, Author of Trading in the Zone 10/16/20 – Freedom from blind reactivity begins with self-awareness.” Yvan Byeajee, Author of The Essence of Trading Psychology 10/15/20 – “The greatest glory in living lies not in never falling, but in rising every time we fall.” Nelson Mandela, Former President of South Africa 10/14/20 – “Our lives improve only when we take chances, and the first and most difficult risk we can take is to be honest with ourselves.” Walter Anderson, American Painter 10/13/20 – “When we experience a stressful event, it is our response to the stressor that determines how it impacts us.” Créde Sheehy-Kelly, Créde Performance 10/12/20 – “The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading.” Trader Vic, Author of Methods of a Wall Street Master 10/9/20 – “Reading can teach you the best of what others already know. Reflection can teach you the best of what only you can know.” James Clear, Author of Atomic Habits 10/8/20 – “We exist temporarily through what we take, but we live forever through what we give.” Douglas M. Lawson, Author of More Give to Live:How giving Can Change Your Life 10/7/20 – “To prepare a challenging trade idea, execute it with a plan, and then see it make money yields a kind of happiness that cannot be achieved by the same profits from a dumb luck trade.” Dr. Brett Steenbarger, Author of The Daily Trading Coach 10/6/20 – “Consistent traders have learned and completely accepted the fact that they don’t know what’s going to happen next. More important, they don’t need to know in order to make money consistently.” Mark Douglas, Author of Trading in the Zone 10/5/20 – “Limit your size in any position so that fear does not become the prevailing instinct guiding your judgment.” Joe Vidich, Hedge Fund Manager 10/2/20 – “The hard work in trading comes in the preparation. The actual process of trading, however, should be effortless.” Jack Schwager, Author of Market Wizards 10/1/20 – “You create your own game in your mind based on your beliefs, intents, perception and rules.” Mark Douglas, Author of Trading in the Zone 9/30/20 – “Your trading today began with how you managed emotional lumps and bumps yesterday, how you wound down, how you retired, how you slept and how you awoke.” Mark Randall, AlphaMind 9/29/20 – “The present moment is the only time over which we have dominion.” Thich Nhat Hanh, Founder of the Plum Village Tradition 9/28/20 – “The market doesn’t care who you are. You’re a trade to the market” Jamie Dimon, CEO of JPMorgan Chase Source(https://bloom.bg/2RHSv1O) 9/25/20 - “Trading doesn’t just reveal your character, it also builds it if you stay in the game long enough.” – Yvan Byeajee, Author The essence of Trading Psychology 9/24/20 – The greatest threat to success is not failure but boredom. We get bored with habits because they stop delighting us. The outcome becomes expected. And as our habits become ordinary, we start derailing our progress to seek novelty.” James Clear, Author of Atomic Habits. 9/23/20 – “In trading/investing, it’s not about how much you make but rather how much you don’t lose.” – Bernard Baruch, American Financier 9/22/20 – “Understanding the market and how to sail it are vital if you are going to navigate it successfully.” Steven Goldstein, AlphaMind 9/21/20 – “The future belongs to those who believe in the beauty of their dreams.” – Eleanor Roosevelt, First Lady of the United States 9/18/20 – “Fools ignore complexity, Geniuses remove it.” Alan Perils, American Computer Scientist and Professor 9/17/20 – “Every adversity, every failure, every heartache carries with it the seed of an equal or greater benefit.” Napoleon Hill, American Self-Help Author 9/16/20 – “The market is a device for transferring money from the impatient to the patient.” Warren Buffett, American Investor 9/15/20 – “Out of your vulnerabilities will come your strength.” Sigmund Freud, Austrian Neurologist 9/14/20 – “Money matters, but not as much as you probably think.” Yvan Byeajee, Author of The Essence of Trading Psychology 9/11/20 – “For me and my family, personally, September 11 was a reminder that life is fleeting, impermanent, and uncertain. Therefore, we must make use of every moment and nurture it with affection, tenderness, beauty, creativity, and laughter.” Deepak Chopra, Author (This a quote about 9/11, not in any books) 9/10/20 – There is nothing outside of yourself that can ever enable you to get better, stronger, richer, quicker, or smarter. Everything is within. Seek nothing outside of yourself” Miyamoto Musashi, The Book of Five Rings 9/9/20 – “If you can’t explain it simply, you don’t understand it well enough.” Albert Einstein, Theoretical Physicist 9/8/20 – “The journey into self-love and self-acceptance must begin with self-examination…until you take the journey of self-reflection, it is almost impossible to grow or learn in life.” Iyanla Vanzant, American Inspirational Speaker 9/4/20 – “It is better to offer no excuse than a bad one.” George Washington, 1st President of the United States 9/3/20 – “The more vigorous your efforts at stopping, the more successful you’ll be in disrupting unwanted patterns of thought and behavior.” Dr. Brett Steenbarger, The Daily Trading Coach 9/2/20 – “Time is your friend; impulse is your enemy.” John Bogle, American Investor 9/1/20 – “You’ve probably noticed that trading isn’t a one-size-fits-all proposition. We realize that personality traits filter our perception of the market such that no two traders ever see the same market!” Dr. Kenneth Reid, Creator of the Mastermind Program Seminars 8/31/20 – “Some people spend their entire lives waiting for the time to be right to make an improvement.” James Clear, Author of Atomic Habits 8/28/20 – “It’s not whether you get knocked down, it’s whether you get up.” Vince Lombardi, American Football Coach 8/27/20 – “Every action you take is a vote for the type of person you wish to become. No single instance will transform your beliefs, but as the votes build up, so does the evidence of your new identity.” James Clear, Author of Atomic Habits 8/26/20 – “Throw me to the wolves and I’ll return leading the pack.” Suzanne Collins, Author of The Hunger Games 8/25/20 – “Mindfulness meditation has helped me to understand life better and to touch even the most painful moments of every moment.” Neda Changizi, Mindfulness Coach 8/24/20 – “The predominate underlying force behind most traders’ actions causing prices to move is fear – the fear of missing out (competing for the supply) and the fear of loss.” Mark Douglas, Author of The Disciplined Trader 8/21/20 – “The expert at anything was once a beginner.” Rutherford B. Hayes, 19th President of the United States 8/20/20 – “It’s the ability to believe in the unpredictability of the game at the micro level and simultaneously believe in the predictability of the game at the macro level that makes the casino and the professional gambler effective and successful at what they do.” Mark Douglas, Author of Trading in the Zone 8/19/20 – “When split-second decisions can make or break your career, your ability to handle pressure is the best asset in your portfolio.” Créde Sheehy-Kelly, Créde Performance 8/18/20 – “Good habits can make rational sense, but if they conflict with your identity, you will fail to put them into action.” James Clear, Author of Atomic Habits 8/17/20 – “The great traders I coach do the same dumb things as the rest of us mortals. They buy false breakouts, take profits early, under size, over size, tinker with stops, beat themselves up. They are human like the rest of us. They just do them less.” Steven Goldstein, AlphaMind 8/14/20 – “Absorb what is useful, discard what is not, add what is uniquely your own.” Bruce Lee, Martial Arts Instructor & Philosopher. 8/13/20 – “Success is no accident. It is hard work, perseverance, learning, studying, sacrifice and most of all, love of what you are doing or learning to do.” Pelé, Brazilian Soccer Player 8/12/20 – “When Traders are unable to stay focused because they have too many irons in the fire, a variety of other mistakes can also begin to take place. Traders will then not only lose money by mishandling the trades they have, but they will also lose money in missed opportunities.” Ari Kiev, Author of The Psychology of Risk 8/11/20 – “It usually takes more confidence to sit in a winning trade than to enter it.” Dr. Brett Steenbarger, Author of The Daily Trading Coach 8/10/20 – One of the most effective things you can do to build better habits is to join a culture where your desired behavior is the normal behavior. New habits seem achievable when you see others doing them every day.” James Clear, Author of Atomic Habits 8/7/20 – “Confront the dark parts of yourself, and work to banish them with illumination and forgiveness. Your willingness to wrestle with your demons will cause your angels to sing.” August Wilson, American playwriter, The Pittsburgh Cycle 8/6/20 – “Stop trying to remove risk from your trading, because that’s the truly impossible mission! Instead, calibrate it and build your risk-taking muscles.” Dr. Kenneth Reid, Creator of the Mastermind Program Seminars 8/5/20 – “Remember that stocks are never too high for you to begin buying or too low to begin selling.” Jesse Livermore 8/4/20 – “Have Confidence in your ability to Execute a Plan in the face of profound uncertainty.” Mark Douglas, Author of Trading in the Zone 8/3/20 – “Your hardest times often lead to the greatest moments of your life. Keep going. Tough situations build strong people in the end.” Roy T. Bennett, The light in the Heart 7/31/20 – “For every minute you are angry, you lose sixty seconds of happiness.” Ralph Waldo Emerson, American essayist, lecturer, and philosopher 7/30/20 – “The intensity of your emotional discomfort and pain you experience as a trader is an excellent indication of how much you will have to change to trade without fear and be consistently successful.” Mark Douglas, Author of The Disciplined Trader 7/29/20 – A peak performance trader feels totally responsible for whatever happens and thus can learn from mistakes. These people typically have a working business plan for trading because they treat trading as a business.” Van K. Tharp, Author of Trading Beyond the Matrix 7/28/20 – “Before we can effectively build new habits, we need to get a handle on our current ones.” James Clear, Author of Atomic Habits 7/27/20 – “Strategy provides the opportunity, but it is not the edge itself, the edge comes from how you play that strategy, that is where the edge lies.” Steven Goldstein, AlphaMind 7/24/20 – “There’s a difference between making money trading & believing you’ll make money trading. The latter is when you finally start to trust & believe in yourself.” Steven Goldstein, AlphaMind 7/23/20 – “Accepting losses is the most important single investment device to ensure safety of capital.” Gerald M. Loeb, Author of The Battle for Investment Survival 7/22/20 – “An Edge is nothing more than an indication of a higher probability of one thing happening over another” Mark Douglas, Author of Trading in the Zone 7/21/20 – “All you need is one pattern to make a living.” Linda Raschke, Author of Street Smarts 7/ 20/20 – “Mindfulness will help you stay rational, in control, and focused on the process of trading well. It is a skill all traders should strive to develop.” Yvan Byeajee, Author of The Essence of Trading Psychology 7/17/20 – “Even though trading is so very challenging, you can do it.” … You must embrace the mindset to improve every day, build from your strengths, and develop your PlayBook. Mike Bellafiore, Author of The PlayBook 7/16/20 – “Many of the behavioral patterns that interfere with our day-to-day lives also find expression in our trading.” Dr. Brett Steenbarger, Author of The Daily Trading Coach 7/15/20 – “Every trader has strengths and weakness. Some are good holders of winners, but may hold their losers a little too long. Others may cut their winners a little short, but are quick to take their losses. As long as you stick to your own style, you get the good and bad in your own approach.” Michael Marcus, Trader featured in Market Wizards by Jack Schwager. 7/14/20 – “The few Traders who pass through [the learning curve] to accumulate wealth are those who eventually confront and work through some very difficult psychological issues about what it means to be a trader, and this process of realization and change normally takes several years. Even for the best of them. Mark Douglas, Author of The Disciplined Trader 7/13/20 – The Moment fear plays a role in your decision-making; is the moment the market owns you. Fear or Missing Out, Fear of Regret, Fear of Failure, and other forms of Fear at elevated levels are signs of the market holding the levers to your decision-making.” Steven Goldstein, AlphaMind 7/10/20 – There is no doubt that it is around the family and the home that all the greatest virtues, the most dominating virtues of human, are created, strengthened and maintained. Winston S. Churchill, Former Prime Minister of the United Kingdom 7/09/20 – “You have power over how you’ll respond to uncertainty.” Yvan Byeajee, Author of The Essence of Trading Psychology in One Skill 7/08/20 – “You might be thinking…heck…I’d be positive too if I were winning big everyday. But there is ample evidence from sports psychology that a process-oriented Mindset is the key.” Dr. Reid, Creator of the Mastermind Program Seminars 7/07/20 – “Far from motivating you toward better behavior; FOMO actually is quite pernicious – tempting you to make an endless series of mostly losing bets.” Mark Hulbert, Marketwatch 7/06/20 – “I trade my own information and follow my own methods.” Jesse Livermore 7/3/20 – “For to be free is not merely to cast off one's chains, but to live in a way that respects and enhances the freedom of others.” Nelson Mandela 7/2/20 – “The successful person has the habit of doing the things failures don’t like to do. They don’t like doing them either necessarily. But their disliking is subordinated to the strength of their purpose.” Albert E. N. Gray 6/30/20 – “The human capacity for burden is like bamboo – far more flexible than you’d ever believe at first glance.” Jodi Picoult, Author of my Sister’s Keeper. 6/29/30 – “If you asked me to distill trading down to its simplest form, I would say that it is a pattern recognition numbers game. We use market analysis to identify patterns, define the risk, and determine when to take profits. The trade either works or it doesn’t.” – Mark Douglas, Author of Trading in the Zone. 6/26/20 – “Once your pride gets involved, you’ll fight tooth and nail to maintain your habits.” James Clear, Author of Atomic Habits 6/25/20 – “It’s only after you’ve stepped outside your comfort zone that you begin to change, grow, and transform.” Roy T. Bennett, Author of The Light in the Heart 6/24/20 – “Once you begin to interpret and understand what the price and volume relationship is signaling, then you have arrived at trading Nirvana.”’ Anna Coulling, Author of A Complete Guide to Volume Price Analysis. 6/23/20 – “All statistics have outliers. Money management; therefore, is key to the process of good trading.” Yvan Byeajee, Author of Zero to Hero 6/22/20 – “Today I will do what others won’t, so tomorrow I can accomplish what others can’t.” Jerry Rice 6/19/20 – “The hard work in trading comes in the preparation. The actual process of trading, however, should be effortless.” Jack Schwager Author of Market Wizards (Possibly not sure if this is his quote) 6/18/20 – “A lack of Self-awareness is poison. Reflection and review is the antidote.” James Clear, Author of Atomic Habits 6/17/20 – “Tell me and I forget, teach me and I may remember, involve me and I learn.” Benjamin Franklin 6/16/20 – “The mind is just like a muscle - the more you exercise it, the stronger it gets and the more it can expand.” Idowu Koyenikan, Author of Wealth for All: Living a Life of Success at the Edge of Your Ability 6/15/20 – “I may not have gone where I intended to go, but I think I have ended up where I needed to be.” Douglas Adams, Author of The Long Dark Tea-Time of the Soul 6/12/20 – “We become what we consistently do.” Dr. Brett Steenbarger, Author Trading Psychology 2.0: From Best Practices to Best Processes 6/11/20 – “Money is made by sitting, not trading.” Jesse Livermore, Author of Reminiscences of a Stock Operator 6/10/20 – “The best way to capture moments is to pay attention. This is how we cultivate mindfulness.” Jon Kabat-Zin, Author Wherever You Go, There You Are 6/9/20 – “Fear, inherently, is not meant to limit you. Fear is the brain’s way of saying that there is something important for you to overcome.” Yvan Byeajee, Author of The Essence of Trading Psychology in one Skill 6/8/20 – “Habits are the compound interest of self-improvement.” James Clear, Author of Atomic Habits 6/5/20 – “When we don’t experience much satisfaction in our life outside of trading, we ride the trade tick-by-tick and also tend to place too much emphasis on our P&L.” Dr. Andrew Menaker, PopDoc Trader 6/4/20 – “The only way to become excellent is to be endlessly fascinated by doing the same thing over Eureka, California and over. You have to fall in love with boredom.” – James Clear, Author of Atomic Habits 6/3/20 – It can be very expensive to try to convince the markets you are right” – Ed Seykota, Author of The Trading Tribe and Govopoly in the 39th Day 6/2/20 – “You must learn to let go. Release the stress. You were never in control anyway.” Steve Maraboli, Author of Life, the Truth, and Being Free 6/1/20 – “The consistency you seek is in your mind, not in the markets.” Mark Douglas, Author Trading in the Zone 5/29/20 – “With Self-Discipline, most anything is possible.” Theodore Roosevelt, 26th U.S. President 5/28/20 – “Losses are necessary, as long as they are associated with a technique to help you learn from them.” David Sikhosana, Author Time Value of Money: Timing Income 5/27/20 – “Meditation is essentially training our attention so that we can be more aware – not only of our own inner workings but also of what’s happening around us in the here & now.” Sharon Salzberg, Author of A Heart as Wide as the World. 5/26/20 – “Automatic thoughts don’t just enter our mind; they take over. We change when we sustain the motivation to stay in control of our minds.” – Brett N. Steenbarger, Author of The Daily Trading Coach 5/22/20 – “Many of life’s failures are people who did not realize how close they were to success when they gave up.” Thomas A. Edison, American Inventor 5/21/20 – “I know where I’m getting out before I get in.” – Bruce Kovner, Author of Market Wizards 5/20/20 – “The process by which one accumulates money is so simple, yet so hard to implement for most.” Yvan Byeajee, Author of The Essence of Trading Psychology in One Skill 5/19/20 – “A goal is a desired outcome, a strategy is a desired outcome combined with a plan for achieving it, Create strategies, not goals.” James Clear 5/18/20 – “If most traders would learn to sit on their hands 50 percent of the time, they would make a lot more money.” Bill Lipschutz, Forex Trader 5/15/20 – “The more often you decline invitations to spend time with friends or family because you are too busy with either work or other activities, the more you should realize that your life is not in balance.” Byron Pulsifer, Author of Balanced Life 5/14/20 – “When you achieve complete acceptance of the uncertainty of each edge and the uniqueness of each moment, your frustration with trading will end.” Mark Douglas, Author of Trading in the Zone 5/13/20 – “You can always amend a big plan, but you can never expand a little one. I don’t believe in little plans. I believe in plans big enough to meet a situation which we can’t possibly foresee now.” Harry S. Truman, 33rd President of the United States 5/12/20 – “The most useful form of patience is persistence. Patience implies waiting for things to improve on their own. Persistence implies keeping your head down and continuing to work when things take longer than you expect.” – James Clear 5/11/20 – “The most we can hope for is to create the best possible conditions for success, then let go of the outcome. The ride is a lot more fun that way.” Phil Jackson, Author of Eleven Rings: The Soul of Success 5/8/20 – “Losing money is the least of my troubles. A loss never troubles me after I take it. I forget it overnight. But being wrong – not taking the loss – that is what does the damage to the pocket book and to the soul.” – Jesse Livermore, Author of Reminiscences of a Stock Operator 5/7/20 – “There is no single market secret to discover, no single correct way to trade the markets. Those seeking the one true answer to the markets haven’t even gotten as far as asking the right question, let alone getting the right answer.” - Jack Schwager, Author of Market Wizards 5/6/20 – “Mastery is an endless quest to reduce effort without reducing effectiveness.” James Clear 5/5/20 – “The market does not know if you are long or short and could not care less. You are the only one emotionally involved with your position. The market is just reacting to supply and demand and if you are cheering it one way, there is always somebody else cheering it just as hard that it will go the other way.” Marty Schwartz, Author of Pit Bull 5/4/20 – “As traders we must continually make decisions in an environment of constant uncertainty and ambiguity, where our judgment of right and wrong is constantly being tested and evaluated with money as the measurement.” – Dr. Andrew Menaker, Trading Psychologist 5/1/20 – “First comes thought; then organization of that thought, into ideas and plans; then transformation of those plans into reality. The beginning, as you will observe, is in your imagination.” Napoleon Hill, Author Think & Grow Rich 4/30/20 – “The difference between a pro trader and an amateur lies not in their methodology, not in their knowledge, but rather in their ability to follow their set of rules.” Yvan Byeajee, Author 200 Money-making Trading Psychology Truths. 4/29/30 – “We don’t need to push ourselves toward a goal when we are drawn toward our calling. That is the purpose of purpose.” Dr. Brett Steenbarger, Author, Trading Psychology 2.0 4/28/20 – “A chatroom tells people what to trade, a community learns how to trade together.” – Norm 4/27/20 – “You should be far more concerned with your current trajectory than with your current results.” – James Clear, Author, Atomic Habits 4/24/20 – Trading is a sport of survival, reinvention, and perseverance, even for the successful trader.” – Mike Bellafiore, Author One Good Trade 4/23/20 – “If you can learn to create a state of mind that is not affected by the market’s behavior, the struggle will cease to exist.” – Mark Douglas, Author Trading in the Zone 4/22/20 – “Trading without a technical plan causes active traders to experience emotional reactivity and whipsaws. In other words, you are likely to get bullish or bearish at precisely the wrong times.” - Dr. Kenneth Reid, Trading Psychologist 4/21/20 – “In this business, if you’re good, you’re right six times out of ten. You’re never going to be right nine times out of ten.” - Peter Lynch, Author The Ugly Advantage 4/20/20 – “You need a well-thought-out plan which anticipates all potential scenarios to keep you from making impulsive and emotional decisions during market hours. Trading stocks is a business, and if you want your business to thrive you must have a plan which you execute flawlessly.” - Brian Shannon, Author Technical Analysis Using Multiple Timeframes 4/17/20 – “When you really believe that trading is simply a probability game, concepts like right or wrong or win or lose no longer have the same significance.” Mark Douglas 4/16/20 – “Routine is necessary for efficiency; breaking routine is necessary for adaptation.” – Dr. Brett N. Steenbarger 4/15/20 – “Many aspiring traders lack sufficient self-discipline to protect capital during the learning curve. Willpower is not enough because trading challenges us in profound ways.” – Dr. Kenneth Reid 4/14/20 – “We have nothing to have anxiety about except anxiety itself” - MAC 4/13/20 – “There is a huge amount of freedom that is derived from not fighting the market.” – Yvan Byeajee 4/9/20 – “If your goal is to trade like a professional and be a consistent winner, then you must start from the premise that the solutions are in your mind and not in the market.” – Mark Douglas 4/8/20 – “A lot of people get so enmeshed in the markets that they lose their perspective. Working longer does not necessarily equate with working smarter. In fact, sometimes [it] is the other way around.” – Martin Schwartz 4/7/20 – When you first step into the markets you are an amateur who is competing with the elite’s professionals. Be ready to handle getting knocked down often till you learn from your failures. 4/6/20 – “I strongly believe that it is not the markets we need to beat, its ourselves.” – Steve Goldstein 4/3/20 – Winning trades are pleasurable, but losers hurt and cost more than money. They also drain your emotional capital. Look at adverse situations as an opportunity to build your mental resilience. 4/2/20 –Just like you need monetary capital to trade, you also need emotional capital to advance as a trader. 4/1/20 – “No one escapes pain, fear, and suffering. Yet from pain can come wisdom, from fear can come courage, from suffering can come strength – if we have the virtue of resilience.” – Eric Greitens 3/31/30 – Mental Resilience: The process of adapting well in the face of adversity, trauma, tragedy, threats or even significant sources of stress. ~ The American Psychological Association (2014) 3/30/20 – The market’s most fundamental characteristic is that it can express itself in an almost infinite combination of ways and can do virtually anything at any time. From our own individual perspective as observers of the market, anything can happen, and it takes only one trader to do it. – Mark Douglas 3/27/20 – “Trading effectively is about assessing probabilities, not certainties” – Yvan Byeajee 3/26/20 – “Personalizing a pattern you want to change can heighten your motivation to change that pattern and help you sustain that motivation.” – Dr. Brett Steenbarger 3/25/20 – Fear keeps us focused on the past or worried about the future. If we can acknowledge our fear, we can realize that right now we are okay and the only thing we can control is what we do in the present moment. 3/24/20 – Every time you confront fear in the face you gain courage, strength, and confidence. That way the next time you face it, you know you can overcome fear, because you have already lived through the experience. 3/23/20 – “One characteristic I’ve found among successful traders is that they function effectively when they’re not trading. When markets become very quiet and range bound, they occupy themselves with a variety of activities, from sharing ideas with peers to conducting research. Traders who do not tolerate inactivity well inevitably feel the need to trade, often when there is no objective edge present.” -Dr. Steenbarger. 3/20/20 – Focusing your mind on the right things has a lot to do with whether you become a consistent profitable trader. As Dr. Brett Steenbarger writes, “The core problem, is the need to fit markets into a style of trading rather than finding ways to trade that fit with market behavior.” 3/19/20 – There is no certainty in trading. The sooner you accept uncertainty as an inherent part of trading, the sooner you can release your expectations and focus your mind on what matters. The Process. 3/18/20 – Understanding who you are is key to finding the trading strategy that works for you. As Dr. Brett Steenbarger say, “Try to change who you are and you will fight yourself all the way and then wonder, amidst the resistance, why you lack discipline.” 3/17/20 – Patience is not the ability to wait, but the ability to keep a good attitude while waiting. Trust your trade plan, your time will come. Work hard and eventually the results will come. 3/16/20 – Community offsets loneliness. It gives people a vitally necessary sense of belonging. There remains something about it that is inherently mysterious, miraculous, and unfathomable. Where its success is measured by the compassionate actions of its members. 3/13/20 – As you have seen in the past week, markets are uncertain. Accept the losses as learning opportunities, accept the wins with appreciation, but above all else, let go of thinking about the outcome and put your focus on the process of executing your trading plan. 3/12/20 – During times like this, all you are able to do is control your performance in the moment. The market is going to determine whether you get paid, so remain calm, focus, and execute your plan like you have done before. 3/11/20 – You will never find fulfillment trading the markets if you do not learn to appreciate and be satisfied with what you already have – Yvan Byeajee 3/10/20 – If you are stuck in a never-ending battle where you keep repeating the same mistakes, remember, you cannot change what you cannot face, and you cannot face what you do not know. If you want to change your trading performance, then you must face your biggest enemy. (Yourself) 3/10/20 – If you are stuck in a never-ending battle where you keep repeating the same mistakes, remember, you cannot change what you cannot face, and you cannot face what you do not know. If you want to change your trading performance, then you must face your biggest enemy. (Yourself) 3/9/20 – Market success does not have to come fast, maintain risk management, persist, stay in the game, and eventually you will reach a level of proficiency you are satisfied with. Trade safe today. 3/6/20 – “A peak performance trader is totally committed to being the best and doing whatever it takes to be the best. He feels totally responsible for whatever happens and thus can learn from mistakes. These people typically have a working business plan for trading because they treat trading as a business.” – Van K. Tharp 3/5/20 – Self-Discipline is that mental state of commitment, which gets you perform at peak levels during the moment regardless of your feelings. 3/4/20 – Discipline is being able to force yourself to do something, in spite of how you feel, over and over until it becomes an essential part of you where you no longer have to think about doing that something, instead you just do it. 3/3/20 – A trading approach may be sound on paper, but if it involves levels of risk and activity that are difficult for you to tolerate, it will not yield profits in actual trading. – Dr. Brett Steenbarger 3/2/20 – Successful traders seem to lose and drawdown every bit as much as unsuccessful ones. It is their ability to control those losses and bounce back from them that generates a career in trading. 2/27/20 – If you look at any person who is honestly seeking a higher level of success, they are usually waking up early, studying and learning lots, seeking advice and feedback, and creating, testing, and failing. – Dr. Benjamin Hardy 2/26/20 – Each trade is independent from one another. So, forget about yesterday, today is another day, independent from yesterday. What occurred yesterday only has an impact on today if you allow it too. 2/25/20 – When you find yourself breaking rules, this lapse in disciple may be a signal that there is a lack of fit between you and what your rules demand. The answer is not to blame yourself, but use these lapses as information to determine what the conflict is between your methodology and your personality. 2/24/20 – Trade what you are good at, not what you like. 2/20/20 – If you want to be a disciplined trader, the process starts with being disciplined outside of trading. 2/19/20 – Discipline is a technique and can be learned by anyone. When you think another person is discipline at say “stopping out”, in reality you think they are disciplined, because they can do something you struggle with. In reality the person just has a set of beliefs that assist them with accomplishing their goals. 2/18/20 – Your beliefs about work and action will drive how you trade and could be the basis for a lack of discipline in your trading. You do not have to be in a trade to be trading. Sitting on your hands and waiting for your setup is a position. 2/14/20 – “The best traders have evolved to the point where they believe, without a shred of doubt or internal conflict, that “Anything can happen.” ~ Mark Douglas 2/13/20 – No amount of accumulated knowledge will allow you to control the outcome of your trades, all you can control is your performance during the trade. 2/12/20 – When you turn a blind eye to an internal struggle you keep yourself stuck in a self-limiting pattern. If you have problems with trade entries, trade management, or exiting trades, you will find a debate going on beneath the surface of your awareness. ~ Rande Howell 2/11/20 – As humans we prefer certainty in a situation because we can control the outcome; however, when we trade, we give up that control to the markets and instead choose to introduce uncertainty. Surrender to the market and don’t try to win or not lose. Accept that the outcome on any single trade is unknowable. 2/10/20 – The decisions you make while trading are always in the heat of the moment; therefore, the goal for a trader is the to develop the ability to control your actions at that moment despite uncertainty and discomfort. 2/7/20 – Figure I go with a question for everyone to ponder over the weekend. What are you really trading and how does it affect your performance? The market, your P/L, or your feelings in relation to your P/L. 2/6/20 – Self-awareness & emotional awareness is the beginning of change as it is the building block to moving past your limits and barriers. 2/5/20 – How you respond to the discomfort that comes with uncertainty regularly throughout the day, will ultimately determine what defines you as trader. 2/4/20 – Emotions are like water. Water will always find an outlet, where the outlet for emotions is in the form of your behavior while you trade. Today when in a trade ask yourself, “Am I acting in my own best interest right now.” 2/3/20 – Focusing on P/L leads to emotional trading, instead hyper focus on the execution and performance of each trade. 1/31/20 – Just like you use a Trading journal to develop your Mechanical & Technical skills, you should also have a Psychology journal to assist you in identifying behavior actions that are aiding or harming your growth as a trader. 1/30/20 – You can only endure the uncertainty of the trade that moves in your favor by seeing – in your own experience – that the discomfort is indeed endurable, and that you gain far more than you lose by sticking with your planned trades. – Dr. Brett Steenbarger 1/29/20 – For success, look for a trading style that best suits your personality. Trying to trade a style that is not compatible with your personality is like trying to fit a square block into the circle hole on a child’s toy. It just does not work. 1/27/20 – Life is precious, incredibly short, and unpredictable. Live your dreams, hug your loved ones often, and remember your trading account is not a measurement of your personal worth, but a measurement of the effectiveness of your trading plan. 1/23/20 – Before you can become the trader you want to become; you first must become aware of yourself. As Dr. Steenbarger states, “Many Traders don’t really know what they do best; they’re invisible to themselves.” 1/22/20 – You can go through life and work around a couple of bad character traits, but in trading your weaknesses stalk you. Are you willing to face them, as conquering them is the path to success 1/21/20 – Self-Evaluation is the gateway to understanding your uncontrollable actions during trading. Focus on what you do good so you can repeat it, but do not neglect where you need to improve. 1/17/20 – Negative thoughts are inevitable; the question is whether you buy into them. – Dr. Brett N. Steenbarger 1/16/20 – Identify what your strength is in trading, then build a trading plan that maximizes that strength. For me I leverage discipline. 1/15/20 – Make your weakness your friend. Do not hide, rationalize, or justify a weakness to yourself; rather, embrace it and transform it into a strength by giving it the attention it needs. 1/14/20 – If there is a secret in trading it is “You”. 1/13/20 – When life changes, accept those changes as an opportunity to experience life in a different way. 1/8/20 – You are going to be wrong and there is nothing you can do about it. Therefore, the question is do you have what it takes to change your mindset from certainty-based thinking to probability thinking. I highly recommend attending the success webinar today and listening to Rande Howell discuss this proposition. 1/7/20 – Under the stress of uncertainty, history is what you hear in your head – Rande Howell 1/6/20 – There are 3 doors, behind 2 is success but behind the other door is your worst nightmare. Are you willing to open a door?

Kylie, I saw something strange while using the hotkeys on CMEG DasTraderPro platform . Using this hotkey : StopPrice=Price-0.01;DefShare=BP*0.75;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=300;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.02 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY+; Observation : The hotkey was triggered and large number of shares where bought with the hope of using the 40 dollars stoploss on my BP 30k account . Now the stoploss vanish from the trade window buy did not stop my trade . I end up almost blowing up my entire trading account as the stoploss did not trigger as expected . Kyle could you PLEASE check and confirm whether the script i am using is the right . Please note that the hotkeys above worked fine as expected on the simulator(worked well as expected on sim account , but not live account) , but not during a live trading session . Kyle am I missing a point here ? Please do advice .

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

100% make sure your funds are in USD. I simply deposit in USD, so there is no conversion necessary on IBs side. They receive it in USD, you trade in USD, there are no fees, and when I pull my money out it just goes straight into my US Dollar savings account in my bank (RBC).

I am using a streamdeck XL. Thanks to Kyle for the ICONS and DAS scripts. I can now focus on process, trading well and less calculating. I am testing in SIM, and I may need to separate the LONG MENU and SHORT MENU to different profiles.

Norm, this one's for you! Ok, here's mine... cobbled together from 2 older machines and a discarded large monitor...but notice all that empty space on the wall? That's where my husband is going to hang a 50" tv if I make my number. I mostly swing trade, so this set up isn't a hindrance currently, but as I develop my day trading skills, this will clearly not work. For those who may wonder about 2 laptops, I am trading 2 different accounts and for the way my brain is wired, this keeps me from getting confused.

I shared my 15-minute Reversal Strategy on the YouTube Channel. As Marcel pointed out in the comments, you really want to see the volume come in on that new 5-minute high. More volume should pour in when that candle also brings in a new 15-minute high. This will give us the momentum to the upside. I will be adding examples of this strategy that I saw in recent memory. Please feel free to post your own!