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Showing content with the highest reputation since 06/16/2021 in Posts

  1. 1 point
    Chartlog for Equities. My own Excel sheet for Futures.
  2. 1 point
    For day trading I have a 11 Equities setups and 7 Futures setups. Double that number if you consider long/short as a different setup. I only trade the setup if it proves a profit factor >2.0 for 20 SIM trades. Once the last 20 live trades drops below a profit factor <1.3 I stop trading it live. Earlier this year I had 9 setups that were >2.0. As the summer neared the number kept dropping. I only have one trade with a high enough profit factor to trade live. So I was thinking why bother. Last summer wasn't profitable for me either. So I thought I would trade playback SIM this summer and learn algo trading while I wait for things to pick up.
  3. 1 point
    All is reasonably well. Late April I took a week long seminar with advanced trading concepts. So I stopped trading live to practice them. They did not work for me and I am still not profitable in SIM/replay mode yet so I haven't traded live since. Also, last year May through August I was not profitable in Futures and stayed in SIM mode for the whole summer. So it may be the same circumstance this year as well. That is why I was thinking not to stress myself out trying to trade seriously this summer and learn algo while I wait for September.
  4. 1 point
    Hope all is well with your trading academy Rob!
  5. 1 point
    no i really meant it and i felt sorry for you but now i am not Hopefully for Trader Joe it is useful information what you just wrote.
  6. 1 point
  7. 1 point
    Date: June 24, 2021 Location: Portland Venue: McMenamins Kennedy School 5736 N.E. 33rd Ave. Portland, OR 97211 Time: 6:00pm Yes Casual is the way to go. Whatever you would where to a brew pub.
  8. 1 point
    yes that works absolutely fine i am running a VM with DAS on an Unraid storage appliance without any problem the problem with VMs is the security - you do not want to run it somewhere in the cloud once having live account setup there
  9. 1 point
    Hi everyone, I've gotten a ton of requests for my hotkey file and associated StreamDeck icons and I haven't been able to stay on top of all the google drive requests. So I've attached them to this post! Included in the zip file: -Short and long icons for trading sizes for 100 to 10,000 shares -Sell 1/4, 1/2, and ALL size icons -Cancel icons -A couple of custom icons -The Adobe Illustrator template file to make your own -And finally my hotkey file with a specific, logical hotkey defined for each share size in the set. Hope you enjoy! JH-STREAMDECK-ICONS.zip
  10. 1 point
    Since everybody has different levels of experience with the stock market, it is difficult to have a one-size-fits all objective list. I am going to try to cover all the areas that you should have a firm grasp of by the end of the 3-months. It is a rough outline of what I have learned after 4 months of paper/real trading. This post will be a work in progress, but here goes. ~IN PROGRESS~ Day Trading is probably the most deceiving profession on the planet. On the surface the concept seems very simple: buy low and sell high. Then why is it that 90% of traders fail at his endeavour? Surely they aren't trying to do the exact opposite of what is profitable. Even flipping a coin has better odds at 50%. Let's take a look under the hood to see what is required to be a successful trader. CLASSES There are four classes in total. Each one runs about 1 hour, except for class 4 which is almost 2 hours. It is recommended that you attend the classes multiple times to reinforce your knowledge, refresh the concepts, as well as stay updated on any new material. It is your responsibility to go over the slides and understand what is being taught. If you have any questions, please ask them during class, in the forums, or in the chat. The community is always here to lend a hand. You should also bookmark the Bear Bull Traders FAQ and DAS Trader Pro FAQ. Some members choose to read additional day trading books, as well as practice trading replayed market data. What you get out of the course is directly related to how much effort you put in. In a sense, the entire 3-months is more of a self-paced learning program than a structured course. There are no quizzes, no tests, no projects and no scoring. It is up to you to wake up every morning and spend time in the chair mastering the trade. Nobody will hold your hand, watch over your shoulder, or monitor your performance in any way. That is how day trading is in real life: absolute freedom to stake your fortune or self-destruct and implode. STOCK MARKET BASICS -Warren Buffet once said 'The stock market is a device for transferring money from the impatient to the patient.' This is true for long term investing and for day trading. Remember that for each transaction you see in the Time/Sales window, there is a buyer and seller. When a stock is down 20% on the day and you short it, somebody is on the other side of that transaction buying. You don't know their hand though. They could be covering their short from earlier, it could be institutions loading up for long term investment, somebody hedging an options contract, etc. Beginners often gloss over this point. Volume represents transactions being filled; a transaction always involves two parties. You are trading against other people, not the market itself. -Exchanges: NYSE, NASDAQ, AMEX -Market Makers -Pre-market and after-hours -High Frequency Trading (HFT), algorithms -Bid, Ask, Spreads -Short-selling. What does it mean. -Short inventory. Why are some stocks shortable and others not -Short Sale Restriction (SSR) -Short interest, or Short Ratio -Share float -5-cent tick programs -Circuit Breaker Halts -News, earnings, and catalysts -Buyouts -Pattern Day Trade Rule >>> Make sure you understand the above prerequisites before proceeding any further. Investopedia is a great resource. CHARTS -Candle Sticks. How to read them. -Understanding Price Action. Bearish vs bullish candles. Indecision candles. -Higher highs and higher lows / Lower highs and lowers lows -1-minute vs 5-minute chart -Moving averages and how they are calculated in different timeframes -VWAP. Why it's an important intraday indicator >>> The above concepts are not tool-specific and apply to all trading platforms MECHANICAL ASPECTS -Knowing your tools (DAS) -Platform, Hotkeys, Scanners, Journaling -Order entry. Limit, market, marketable limit, stops -Level 2 -Calculating commissions and tickets >>> The goal is to familiarize yourself with DAS and be comfortable using it. For some this could take days. For others this requires weeks. TECHNICAL AND STRATEGIES -Finding Stocks in Play -Good vs. bad pre-market price action -Finding Support/Resistance Levels -Day trading Strategies. Master recognizing the patterns, entries, stops, targets. -ABCD / Reverse ABCD -Bull Flag Momentum / Bear Flag -Fallen Angel -VWAP False Break Out -VWAP Reversal -VWAP Trend Trade -Opening Range Breakup / Opening Range Breakdown -Red-to-Green / Green-to-Red -Moving Average Trend Trade -Top Reversal / Bottom Reversal -Time of Day: Open, Late Morning, Midday to Close >>> Everybody will pick this up at a different pace--learning to recognize different strategies, figuring out which one works best for you (at what time of day), etc. MANAGING YOUR ACCOUNT -Risk Management -Position Sizing -Money Management PRACTICE THE PROCESS OF EXECUTING A GOOD TRADE Putting on a trade is more than buying at point A and selling at point B. You need to combine everything you learned to get in and out of a single trade properly: 1) finding good stocks in play 2) identifying chop and staying away 3) identifying the strategy or setup 4) quickly calculating risk-to-reward 5) getting a good entry and avoid chasing/jumping the gun 6) managing the trade based on live price action and new information which the market is providing you 7) taking profit (often overlooked, yet it involves half of the entire trade) 8) you need to do all of the above while keeping your emotions in check and fighting your psychological demons >>> Over the 3-month period, you will repeat this process hundreds of times. This is where the bulk of your time will be spent. Learning to take good trades and improving on your mistakes. This is the only path to consistency. Don't waste time trading unrealistic sizes on low-float stocks because you won't learn a thing. >>>Some of your trades will turn out to be winners, some will turn out to be losers. Most likely you will have a few trades that blow up your practice account (but don't worry, you weren't taking things seriously and would never do it live, right?). GOING LIVE -Choosing a broker -Starting small and gradual position sizing -Returning to Simulator -Peer-to-peer support PSYCHOLOGY OF TRADING -Why do most traders fail here -I'm highly intelligent, analytical and very disciplined. Why this will ruin your trading. -I'm a good poker player. Good--you will be playing against yourself -Revenge -Overtrading -Fear of missing out (FOMO) -Fear of pulling the trigger -Trading scared -Averaging down -Turning a day trade into a swing trade ~IN PROGRESS~
  11. 1 point
    Mario, A ping latency of 900ms is a red flag that something is seriously wrong. As an extremely loose gauge to go by: 20-50ms is extremely good. 50-300ms is average. 300-500ms is indicative of congestion or issues. "Latency sensitive" applications will start to be impacted. Others may not. > 500ms something is probably wrong, most applications will be impacted. > 1000ms, stop what you're dong and seek technical support, because something is jacked up. Also, it can be helpful to watch your latency over time. Open a command prompt window (windows) or terminal session (Mac) and run a consistent ping to a remote place on the internet for several minutes. For example: C:\> ping www.bearbulltraders.com Leave that window off to the side where you can watch it for a few minutes. Is your latency fluctuating up and down? Does it stay flatlined for the most part? What happens to it when you join the chat room, or start other bandwidth intensive activities (like Ryan W mentions above) streaming video, etc.? Also while this test is going on, watch for complete drops. Meaning one of the PING attempts did not respond back. This can indicate network issues as well. When you quit the ping session in Windows and Mac it should provide a summary of statistics, telling you if you have any packet loss and what your minimum, average, max, and stddev is. For example, here's what my ping latency looks like when I'm pinging this website from the midwest US. ping www.bearbulltraders.com PING bearbulltraders.com (162.144.104.203): 56 data bytes 64 bytes from 162.144.104.203: icmp_seq=0 ttl=56 time=77.145 ms 64 bytes from 162.144.104.203: icmp_seq=1 ttl=56 time=76.460 ms 64 bytes from 162.144.104.203: icmp_seq=2 ttl=56 time=79.803 ms 64 bytes from 162.144.104.203: icmp_seq=3 ttl=56 time=87.118 ms ^C --- bearbulltraders.com ping statistics --- 4 packets transmitted, 4 packets received, 0.0% packet loss round-trip min/avg/max/stddev = 76.460/80.131/87.118/4.223 ms And here's what my latency looks like when I reroute my internet traffic so I come from the Ukraine: ping www.bearbulltraders.com PING bearbulltraders.com (162.144.104.203): 56 data bytes 64 bytes from 162.144.104.203: icmp_seq=0 ttl=47 time=461.353 ms 64 bytes from 162.144.104.203: icmp_seq=1 ttl=47 time=429.296 ms 64 bytes from 162.144.104.203: icmp_seq=2 ttl=47 time=460.202 ms 64 bytes from 162.144.104.203: icmp_seq=3 ttl=47 time=453.565 ms ^C --- bearbulltraders.com ping statistics --- 4 packets transmitted, 4 packets received, 0.0% packet loss round-trip min/avg/max/stddev = 429.296/451.104/461.353/12.937 ms Similarly, here's my latency when I come from Zurich, Switzerland: ping www.bearbulltraders.com PING bearbulltraders.com (162.144.104.203): 56 data bytes 64 bytes from 162.144.104.203: icmp_seq=0 ttl=48 time=524.932 ms 64 bytes from 162.144.104.203: icmp_seq=1 ttl=48 time=524.972 ms 64 bytes from 162.144.104.203: icmp_seq=2 ttl=48 time=522.643 ms 64 bytes from 162.144.104.203: icmp_seq=3 ttl=48 time=538.678 ms ^C --- bearbulltraders.com ping statistics --- 5 packets transmitted, 4 packets received, 20.0% packet loss round-trip min/avg/max/stddev = 522.643/527.806/538.678/6.347 ms While we're at it, here's from Hong Kong: ping www.bearbulltraders.com PING bearbulltraders.com (162.144.104.203): 56 data bytes 64 bytes from 162.144.104.203: icmp_seq=0 ttl=54 time=431.522 ms 64 bytes from 162.144.104.203: icmp_seq=1 ttl=54 time=430.753 ms 64 bytes from 162.144.104.203: icmp_seq=2 ttl=54 time=430.885 ms 64 bytes from 162.144.104.203: icmp_seq=3 ttl=54 time=434.329 ms ^C --- bearbulltraders.com ping statistics --- 4 packets transmitted, 4 packets received, 0.0% packet loss round-trip min/avg/max/stddev = 430.753/431.872/434.329/1.448 ms Notice how when I come from these places my pings require a couple hundred more milliseconds to get all the way around the planet and back. I used these as an extreme example to show that 1.) it doesn't take very long at all for traffic to get all the way around the world, and 2.) if you're having ping latency >900ms then something is wrong. There are also 3rd party tools you can use to monitor latency, such as www.pingplotter.com which allow you to specify multiple destination targets that you can monitor over time. Best of luck, Uncle B
  12. 0 points
    i really did not mean to offend you i am sorry for that
  13. 0 points
    from the videos it looks like you are failing and full of bullshit talk. now if you say you made it ok, good for you.
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