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  1. 19 points
    5-Minute Opening Range Breakout (ORB) 5_MIN_ORB.pdf High of Day Break / Low of Day Break HOD_LOD_Breaks.pdf VWAP Reversal VWAP_Reversal.pdf Mountain Pass Mountain_Pass.pdf 1-Minute Opening Range Breakout (ORB) 1_MIN_ORB.pdf Rising Devil Rising_Devil.pdf Falling Angel Falling_Angel.pdf Parabolic Reversal Parabolic_Reversal.pdf
  2. 17 points
    TL;DR: Here are some sheets with concise information about strategies members of BBT use. Shoutout to the mods and contributors for the information for these strategies. After watching Peter's amazing presentation about his 'Mountain Pass' strategy a couple nights ago, I put together an information sheet with the setup details similar to ones I had already created for a few other strategies. After putting together the Mountain Pass sheet, I decided it, among the others could be useful for my fellow BBT community members for any of the following reasons: You could use them for your playbook. If you like the layout, you could use them as a template to make your own information sheets/playbook. They could serve as a tangible, concise, introductory resource for beginner traders, who are new to these strategies. The strategy information has all been taken from the education center, success webinars and Andrew's books. I take no credit for any of the theory behind the strategies or any of the images. All credit goes to Andrew, Carlos, Peter and Hiltzy for laying out the strategies so well. I plan on doing more of these as I expand my playbook to include strategies such as Rising Devil, Fallen Angel, 1-Minute ORB, etc. So I will share those in this thread as they are made. If you have any comments, criticisms, or if I have information wrong about any of the strategies, let me know and I can make some adjustments to the sheets. Also, if you have your own playbooks / strategy resources you'd like to share, you can do so in this thread, I'd love to see what you've done. Note: Some of the information, particularly the rules such as "Place stop losses at technical levels." are notes I've made to myself based on results I have found. Some of these may not apply to you individually. Here is what they look like: The files for each strategy will be posted below.
  3. 15 points
    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: https://drive.google.com/open?id=1TJy7jRHhdMYGyyfKbbYd3M7j6bqxgeoy ^^ 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
  4. 9 points
    Purpose: Provide a overview of the markets by using different instruments and evaluating prior activity. Use overview to understand market directionality, strength/weakness, and driving factors. Focus on areas with most potential. Outline: My process involves reviewing what the markets did last week using the Index ETFs, Index, and Futures in order to understand the day structure and market profile from the prior session. I will often mark areas of consolidation and volume acceptance as levels of interest to carry forward outside of daily levels and trends. Once an overview of the market products is assessed, I like to quickly scan the SPDR Sector ETFs for any obvious standouts relative to the current SPY Percentage Change. This is normally done close to Market Open around 9:00 - 9:15 ET. I like to have a list of candidate stocks that are good representative names for any sectors that are 'in play' relative to the markets. For example, if Energy stocks are moving independent of the markets, I would want to find a good Energy stock that has high Relative Volume and Percentage Change to trade 'the best of the best'. Instruments: Index Products: $SPY/SPX/ES Futures $QQQ/NDX/NQ Futures $IWM/RUT Index/RTY Futures Sector Products: $XBI - BioTech $XHB - Home Builders $XLB - Materials $XLC - Communications $XLE - Energy $XLF - Financials $XLI - Industrials $XLK - Technology $XLP - Consumer Staples $XLRE - Real Estate $XLU - Utilities $XLV -Health Care $XLY - Consumer Discretionary $XME - Metals Other Products: Bonds: $TLT & /ZB and /ZN Futures Oil: /CL Futures Natural Gas: /NG Futures Gold: $GLD & /GC Futures Silver: /SI Futures Volatility: VIX Index & /VX Futures Dollar: $DXY US Dollar Index
  5. 9 points
    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~
  6. 8 points
    Hi folks, here is a copy of the playbook template I discussed in the Feb 14 recap. The file is obviously a sample meant for each individual trader to complete with their own strategies, patterns, and setups. https://drive.google.com/a/bearbulltraders.com/file/d/1bmu3XzT_KtzTfya2Fo7Uqc7DZG_N7q-B/view?usp=sharing Please download a local copy as .xlsx
  7. 7 points
    Hey everyone, Below is the video on how to use the DAS Replay feature. Currently this feature is available on the BBT Simulation Version 5.4.6.0. Which can be downloaded at https://www.dastrader.com/download/fixes/DEMO.5.4.6.0.exe (When the feature is ready for production it will be release to other platform versions like IB, Centerpoint and CMEG.) Thank you
  8. 7 points
    Wednesday - July 22, 2020 Futures Watch /ES volatile aftermarket session, I have the recent highs marked from 06/08 and recent 07/15 Resistance, a breakout that occurred 07/20, and a retest that occurred last night. I'd be looking for general Technical Rules where we continue higher on a retracement to Resistance turned Support; a break lower would be an Alternate Thesis and we have room back to V POC (3211 Gravity Point). 10D 30M Chart /NQ continues to be quite volatile anywhere above the VA High 10760. You can see the quick return to our Profile Range last Monday 07/13, consolidation over last week, and a violent move higher (algo driven) back to retest the highs almost to the exact mark. We seem to be finding support against VA HIgh this morning, so we also have a Resistance turned Support to watch for our main thesis, Alternate Thesis back into Volume Profile Range. 10D 30M Chart /RTY broke higher from our previous Monday consolidation and previous VA High 1460 into the 1460/1500 range. We've fallen back to V POC 1460 area, so I'm seeing if this acts as support or if we have a quick move down to VA Low 1410 due to the lack of Volume and a Major Pocket. 10D 30M Chart Premarket Review at 9:00 ET Interesting Futures: Silver remains very strong up 6% after multiple strong days prior. Volume Profile shows we are due for a pullback, but we haven't seen any signs yet of a pullback to VA High around 20.25. Volatile overnight session. Volatility up 1.1% and worth mentioning in a slight gap down on other Index Futures. Crude and Natural Gas both down 1.5%. Crude pulling back to major level 41, expect Resistance turned Support until it doesn't happen. NAtural Gas holding 1.62 well multiple tests and Yearly Lows that were broken recently, but we moved back inside past weeks. I also expect a bounce here over next few days. Premarket Sectors at 9:15 ET Strong Sectors: Technology and Health Care also up slightly around .5%. Weak Sectors: Mixed bag, but Energy is down 1.1% after a strong day yesterday, may be a resting day before another big move higher. Financials down .6% as well, so slight correlation. Things to Watch: $BLNK - Breakout on Daily above 6.5, we have room to test 8.5 Daily Resistance and above will be 9.2 and 15 on Weekly. Blink Charging Wins Grant To Deploy 200 Blink Fast Level 2 - 19.2 kW Charging Stations Across Mid-Atlantic Region, No Terms Disclosed $SNAP - Earnings $SLV or $PAAS - Silver possible move higher or Reversal.
  9. 7 points
    Monday - June 29th, 2020 Markets closed weak last Friday, June 26th with major index products closing near the lows after a roughly 2% decline throughout the day. Notably Technology and major names like Facebook and Amazon were sold off heavily and led the entire markets. Sunday Night /ES Futures opened lower at 2986.25 with low at 2983.5 before coming back above 3000s. Getting above 3025 area would be of interest as that brings us into the major breakdown area from last week. /NQ Futures opened lower 9785.5 with low at 9780.25 before coming slightly higher. Overall below areas of consolidation from last Friday and still showing weakness. /RTY Futures opened lower 1362.2 with low of 1359.6 before coming much higher to test 1400. Showing relative strength given already recovered the breakdown area from last week. Monday Premarket at 9:00 ET $SPY - Trending higher from Friday low, holding at roughly 0.5% higher near Thursday's low. $QQQ - Range bound between Friday's low and Thursday's low, roughly flat 0.0% $IWM - Trending higher off Friday's low attempting to test Friday high, up as much as 1.5%. Bonds are slightly lower from last week, I expect a small pullback as bonds have had a nice run from the recent lows. $TLT recovered from recent lows at 153.00 area up to 166.5 in after market last Friday, a roughly 8.5% gain in roughly two weeks. Oil Futures pulling away from 41 Gap Fill Highs, up slightly today. Natural Gas Futures very strong up 6.25% from recent selloff last week, I expect a strong bounce from these extended yearly lows. Gold Futures flat from last week, extended at 1800 resistance on /GC. I expect $GLD to have a pullback this week before attempting a breakout. Silver Futures down slightly after a major run over the past months, consolidating in 18 - 19 range. I expect silver to underperform gold in the coming months, but still remain bullish. Volatility Futures down 2.4%, with 23/51 day contracts roughly same price (slight contango). Sectors Premarket at 9:15 ET Strong Sectors: Industrials with $BA up 6%. Financials with most large bank names up close to 1%. Weak Sectors: Communications down with $FB down 4%. Things to Watch: Since major Tech was down heavily last week, watching $XLK and MAGAF names closely. If selloff continues, other potentially 'risk-off' sectors may get bought at these lows like $XLU (been weak for a while).
  10. 7 points
    Hi everyone, Want to share my thoughts on creating a trading system. We all have goals. I think it is great. The problem is that we focus on goals without having a clear plan how to get to them. Goals are just directions. I think it is very important to focus on creating a trading system with clear steps and directions. Focus on improving that system and improving your identity as a trader. I would love to share my system, and I hope it will be helpful for some of you. Let me say a few words about myself. I started to trade a few years ago. Like many of us joined Sykes and traded penny stocks. Then I tried five more big and famous chat rooms. I was on a rollercoaster. One of my friends mentioned to check Andrew's room back in January. After watching a few videos I decided to join them. Got a life membership, and now I am here making money, but whats most important I am growing with this community. So let go back to my system... Here is a step by step what I do on a daily basis. 1. Business plan - with out a plan you just a swimmer in the ocean. It's scary and crazy. Be a captain of your own ship. But you gotta build that ship first! 2. Preparation checklist - no matter if you are a scalper or a swing trader, you can not trade a stock without knowing a float, RVOL, reading a catalyst, knowing ATR and more. 3. Having a playbook - have your setups with data collected on them. I am constantly adding charts of stocks in play to my playbook journal. Track your setups. 4. Risk management - is a KING or QUEEN not sure, always trade based of a risk. 5. Trade management - in order to know how to scale in and scale out you need to collect data. Are you good at one and done, or getting out by 10%. 4. Daily report card - track your performance. Trading is a performance job. You gotta know your mistakes, weakness and strengths. 5. Journaling - #1 thing for improvement and tracking all data. Reflect and review. Repeat day in and day out. So on every topic you have to create a detailed system, and put everything together in a way that it will be easy for your brain to navigate. You brain does not like complicated things and always trying to find an easy way. Make it easy and fun. Create good habits since the day one. Building yourself as a trader will help you to improve your personal life and the other way around. I suggest to read "Atomic Habits" by James Clear on this topic. This is a long journey, and I suggest you to take it seriously. Be a professional. Ask your self a question, "What would a professional trader do?" There is only one way to success, compound of a hard and smart work. Thanks!
  11. 6 points
    Thursday - August 13, 2020 Futures Watch /ES has been steadily building value in the upper range of recent sessions such that the 10D 30M Volume Profile has moved; currently, the recent highs are now the new VA High 3380. Due to the fact we are in the VA Range and have touched the VA High, our Main Thesis is a pullback to test the V POC 3320, around the lows of Tuesday's session. If we break above VA High, we will begin a new round of 'Alternate Thesis' where we should return to the range, but may continue higher and causing additional trending days. 10D 30M Chart /NQ has remained inside the new VA Range 10875 to 11180, consolidating around V POC 11100 and currently testing VA High. A break above the range will target recent highs around 11280, or conservatively 11250 with a higher volume node as a target. Otherwise, we'll look to return to V POC on a pullback. 10D 30M Chart /RTY has a wide VA Range with numerous volume 'pockets' below; ideally staying near V POC 1585 can lead to moves higher to recent highs and VA High 1605; however, we're currently below and have some risk to reject V POC for moves lower to different volume nodes (1560, 1540, and VA Low 1500). 10D 30M Chart Premarket Review at 9:00 ET Interesting Futures: Silver up 2.5% after a large selloff Tuesday and bounce around 23.50, target 27.50 on bounce as it provided support during the rally. Watching Gold, but currently tight consolidation and trying to hold 1920 area after a similar bounce as silver. Watching Natural Gas, Gas Report out at 10:30 ET Premarket Sectors at 9:15 ET Strong Sectors: Technology and BioTech up after strong days yesterday, continuation may occur and hold up QQQ Weak Sectors: Financials down again after starting strong yesterday and selling off most of the day. Other sectors starting slightly lower. Things to Watch: SECTOR ROTATION - Keeps occurring where usually One/Two sectors are strong while One/Two are weak. Usually a back and forth between Technology, Financials/Energy, and Health Care With Financials earlier this week, Technology and Health Care yesterday, and now we'll see which one matters or if they all are range-bound, leading to a choppy market. Watching: $AAPL, $RVLV, $SRNE, $FAT (Low Float) Secondary: $SLV, Natural Gas after Gas Report at 10:30 ET
  12. 6 points
    Tuesday - July 28, 2020 Futures Watch /ES continues to consolidate within the VA High and Low Range. We tried to climb through the volume pocket above and fell back to balance, so this may dictate a test of the VA Low 3190. Keeping an eye on range of V POC 3214 and 3231 level from previous resistance and breakout areas. 10D 30M Chart /NQ passed through VA Range and tested VA High 10755 area before falling back to V POC 10595. We can either find support for another move to and outside the VA High similar to last week or a move through the range to test VA Low 10400 area. 10D 30M Chart /RTY continues to stay within now lower VA High 1490 and V POC 1465. A move away from VPOC lower has poor volume structure below and may lead to a quick selloff, but above VPOC we simply target VA High again. 10D 30M Chart Premarket Review at 9:00 ET Interesting Futures: Silver down over 2% after reaching 26.25 highs, may settle down after US dollar Index appears to have settled. Natural Gas up over 2.5% and holding 1.62 level well, targeting prior pivot high. VIX Index up around 3%, continues to find support at 24 area and possible breakout above 28.50 or breakdown below 23.50. Premarket Sectors at 9:15 ET Strong Sectors: Not much starting the day strong, so watching overall strong sectors Tech and Health Care. Weak Sectors: Metals down 2.5% after Gold and Silver showing topping action, other sectors flat to correlated with SPY, so no interest. Things to Watch: Earnings Plays: $PFE, $MO, and $MCD $SLV - Nice PM range after losing highs. $TSM - Selling off after major rally yesterday.
  13. 5 points
    Have you been tracking your trading just like a live account? I also "thought" I was doing well in sim, but I was not tracking anything, not my win %, not my strategies, not my daily and weekly "R"s, nothing. I bled my account for three months. I then went back to SIM for a full month and tracked everything like I should have been doing all along. I should have gone back to SIM after my terrible first two weeks, I didn't really have an edge at all. If you haven't been tracking your trading and you do still decide to go live, set hard stop daily limits with your broker. Trade with small size. If you do struggle the first week, don't be afraid to go back to SIM and track your trading to build your confidence back up. Also only trade a few setups, don't enter trades just because they look good. You may also want to mute the chat at the open, it can be very distracting. Good Luck, and don't be afraid to ask questions here or in the chatroom.
  14. 5 points
    Friday - July 17, 2020 Futures Watch /ES remaining above VA High 3188 and building value, looking for a pullback to V POC 3160 given extended move above range and not having tested value area. Alternative Thesis would lead to a strong breakout above the recent highs and exploring prices above 3230. 10D 30M Chart /NQ completed a full cycle above VA High 10750 and a major selloff to the VA Low 10500. Recent sessions have been range bound between the two areas with yesterday selling off right into VA Low again. May continue to be bound, but any catalyst along Tech Earnings may break things apart. 10D 30M Chart /RTY moved above the range is prior two sessions and remains above while building value. Although we often look for a return to the VA High 1450 or V POC 1415, the Alternate Thesis remains for a continual move higher and a potential for a Trend higher if we remain well above the range. 10D 30M Chart Premarket Review at 9:00 ET Interesting Futures: Volatility Futures down 2.5%, lows from past week being broken, I'm noting this as important given the alternate thesis ideas on the major indexes. Bond Futures aren't up much, but $TLT remains elevated after the breakout last week. Somewhat conflicting areas of interest with the market being 'on the edge' in a lot of areas. Oddly, the futures are inverted from the Index ETFs, with /NQ strongest. Not sure the reason. Premarket Sectors at 9:15 ET Strong Sectors: Technology slightly higher and above yesterday's trading range, so expecting some strength into next Volume Area around 107.5. Home Builders and Materials have some potential to break out given daily chart. Semis are also primed for a breakout. Weak Sectors: Real Estate lower than yesterday's range. Things to Watch: $NFLX - Earnings, watch 480 multiple confirmations of level and 490 TFL.
  15. 5 points
    Tuesday - June 30th, 2020 Futures Watch /ES Futures closing at the highs and fading slightly lower into today's PM. Tightening range and consolidation with a volume pocket above to get to the Volume Point of Control (POC). /NQ Futures closed strong and had a slight fade pullback, currently hovering near the 10,000 mark and no direction clear at this time. /RTY Futures closed strongest yesterday and appears to have tested Volume POC twice. Ideally other markets will drive directionality. Premarket Review at 9:00 ET $SPY - Flat around 304 area. Market expecting more information before making a move. Watch 303 area major consolidation yesterday and high volume node. $QQQ - Flat around 242.75 area, had a major pullback off the 237.35 tweezer (double bottom) lows from yesterday. Watch 242.46 yesterday pivot high before closing rally. $IWM - Flat around 141 area, break above Friday highs so showing relative strength for a move higher in the coming week. Watch highs and lows from yesterday defining the range we're in. Bonds slightly higher, $TLT at a volume node and may consolidate as it did last month between 162/168.5 Oil Futures down 1.8%, but showed some strength in correlation with the markets yesterday, so may be pulling back similar to S&P. Natural Gas Futures very strong up 3.8% after yesterday strength, watching again today for continuation. Gold Futures consolidating below 1800 resistance, fairly flat. Silver Futures flat and volatile range between 17 and 18.5. Not on watch. Volatility Futures up 1.9%, keep watch for this to show a early signal for market directionality. Premarket Sectors at 9:15 ET Strong Sectors: From yesterday, Metals and Home Builders performed well. Volume was light overall across all sectors. Today, watching Technology for continuation and Utilities for a break of Friday highs. Semiconductors ($SMH) are quite strong, so may help Technology carry forward. Weak Sectors: Financials and Energy are continuing to be the weakest sectors overall, daily ranges are reduced on Energy so possibly slowing momentum to the downside. Things to Watch: $WFC due to relative weakness in weak Financials, possibly due to dividend cuts over other banks (failed stress test). $FB getting away from 220 after two volatile days. $MU gap up and strength in semis.
  16. 5 points
    Hi Everyone! I am an Optometrist in Canada but I've always had a secret interest in trading I just didn't know how to start. My husband actually bought the book off of amazon a few weeks ago for himself but once I got my hands on it I couldn't put it down. I joined BBT a few weeks ago and have been watching the classes and morning chatroom. What a great community. I just started in the DAS simulator -- Right now I'm working on customizing hotkeys and layout and focusing on 1 strategy at a time. If there are any other new traders practicing in the simulator that want to connect, I would love to get a small group together to throw around ideas/tips. Please reach out to me! Look forward to getting to know a lot of you here. Lauren
  17. 5 points
    I am asked a lot how to buy and send an automatic STOP Loss order all in one hotkey. Try this: ROUTE=SMRTL;Share=BP*0.25;TIF=DAY+;Price=ASK+0.10;BUY=Send;ROUTE=STOP;StopType=Market;StopPrice=AvgCost-0.30;Share=Pos;TIF=DAY+;SELL=Send; What it does? It buys at 25% of your buying power, and then automatically send a stop loss order at AvgCost -30 cent. You can change it anyway you want!
  18. 5 points
    Here is my setup for now. Once I have moved up a couple risk levels I will be adding another 24" monitor on the top as a reward for sticking to my plan. I plan on moving into a new room hopefully within a year but I need to sell out of our online business so I have room. Oh and by the way, My phone is an old crappy LG V20 so a new Iphone is what has been on my list for some time now. LOL Thank you for the opportunity not only for the phone but for opening my eyes up to trading. I follow daily and watch all the videos offered and I know BBT has been the only reason I have succeeded thus far. As of now I watch the PM Show everyday while gathering my own list from what I have learned from Carlos and Norm. I do have a few trading buddy's that I talk to live while trading everyday (that is what the headphones are for) and we try to keep each other in line and this I feel is another reason I am continuing to grow. Trade Safe and Stay Green Glenn
  19. 5 points
    Hi everyone! I created a spreadsheet with a compilation of the watchlists that BBT moderators used in in 2019. I used Abiel's chatlogs to create it (https://drive.google.com/drive/folders/1ZqRvuYLACi2mWwUUs5KsKQiluLo8WvgT). I already posted this in off-topic, but I think it'd be helpful to post it here too for those of you interested in using it with the replay feature. It works better if you download the spreadsheet, otherwise the colors get a little messed up when you open it with google docs. No idea why. The link below will open the spreadsheet. Hope it helps! https://drive.google.com/open?id=1lZZpy8r7bMosSDwUBdqmuEMD8Ap7NCxo
  20. 5 points
    This is a good topic and we can put something together on this. We will put a rush on getting this done.
  21. 5 points
    I am almost at my 1 year trading live anniversary. Time to evaluate if it is worth continuing this journey. I was in SIM for 6 months, so I have been trying to learn day trading for 18 months. I always planned to access my progress and evaluate if I should continue at my 1 year live anniversary. It has been quite costly in time, so it is a serious consideration. Though I feel like progress has been made in my trading I don’t see any change in profitability, so it is not an easy decision. But with some reflection, this week, I realized it is better to look at this more holistically. The change in my personality (for the better) has been dramatic. I would even say transforming. Especially, the last few months. I see improvements constantly and I would not want that to stop. Waking up at 5am and forcing yourself to face your fears, endure stress and muster the strength to make changes in yourself to improve creates dramatic results. Let us say I went a different path and started working on starting a business. I would have worked on prototypes, a business model/plan, and presentations for funding. For the most part not stressful and no internal improvements would have been made. If I feel off that day, the worse thing is I program the 3D printer wrong and the part is thrown in the trash. If I feel off while trading I could go tilt and lose a large part of my family savings, permanently altering our lives. A much greater incentive for personal growth in the latter. I like this growth in myself and I don’t want to stop. That alone it is worth continuing. Now if someone walked up to me and asked if they were training correctly, and they showed me my training plan for the last 18 months, I would say no. So way am I training this way? If you get a couch potato and you want to start training him for some track/field event, would you spend 10 minutes a day practicing in each decathlon event? No. But that is what I did. I set up my platform, and started trading different setups every day. Hoping I would get good at one of them. I would have recommended to the couch potato to first put the mileage in running. Then hit the weights. Improve your flexibility and get on a sensible diet while reading up on the events. So why didn’t I do that? And worse why am I not doing that now? Yes, I am trying to improve on some of that, but looking objectively I am still training wrong. So first I listed what I should have done the past 18 months, find the deficiencies and then I will create an appropriate training plan. So here is my should have done list: 1 Education Read enough to know you have a serious interest. Read enough to learn what next to read. Read enough to know what platform broker/SIM to use. 2 Get fit Physically (exercise and diet) 3 Get Fit Mentally (Decrease the incoming stress, able to handle stress and methods/activities to alleviate the stress). 4 Business plan Do you have at least two years to learn? How many hours/week can you devote? How much disposable cash reserves do you have to cover expenses and losses? 5 Set up Trading equipment. You can be frugal, but don't be cheap. 6 Training Plan 6 months SIM. Training during market hours and training after market hours. Mental and physical fitness should be part of the training plan. Also reading, webinars, etc. 7 Trading Plan What time of day do you want to trade SIM, for how long? Chat on/off? Risk? Max loss? Max trades? These should all be decided in SIM 8 Learn the platform in SIM Make a trade, partial and stop. Don't leave this phase until hotkey mistakes are <10% of the trades 9 Exploration phase You need 3 trades in your playbook, though only one needs to be solidly profitable. 10 Dip your toes into live trading Once hotkey mistakes are reduced and you have at least on setup in you playbook, you should go live at least once a week with very small share size 11 Discover trades that fit your personality Nothing works? Or some setups do work but you are completely stressed when you take them? 12 Reread trading books, especially psychology The books will mean more after being in SIM awhile 13 Revised trading plan At least the last month of your trading plan should mimic your live trading plan 14 Choose 3 setups Not just the one's that have worked the best, but the one's you feel the most comfortable taking. 15 Refine trades You should be now taking trades like they are live. Once you do this you will see adjustments are needed. 16 Revised trading plan This is the live trading plan, risk, max loss and max trades need to be written in stone 17 Revise Business plan If not yet, trade losses need to be in your business plan 18 Go live 50% I assume, in the beginning, you will hit max trades quickly then switch to SIM. Also make sure you take some SIM trades on setups you are still working on. 19 Work on nerves Reread psychology books, they will make the most sense once you are live. 20 Test risk management Even if you lose every trade, your losses should be manageable. If not work on risk management. Do not go past this step until complete. 21 Go 100% live Once risk management is solid, go fully live. 22 Increase fixed R Find the risk you are comfortable and slowly increase. Stay within comfort zone. With that in view I didn’t even get through step 3. In the Van K Tharp course I am taking, they give you a test to check if you are ready to handle trading. There are essentially 3 parts. How much stress is in your life now (can you handle any more like day trading)? How well do you handle stress? Do you have methods to efficiently alleviate the stress? I failed this so badly I was below the bottom of the scale. So I should have known and fixed this 18 months ago. Now I have made progress and I do noticed my nerves are better when I trade. I have set goals to improve it and I have listed those in another part of the forum where I journal the Van K Tharp course I am taking. But this must be my top priority. I am so glad I created a business plan or I would have quit when I started losing lots of money when I went live. Because I assumed I would have losses and had it in my business plan. Though I spent 6 months in SIM, I never really made it through step 8 (know the platform) or step 9 (exploration phase). I use to make 2 or 3 hot key mistakes a day. It completely disrupted my trading and was a big impact in learning how to trade. I should have spent all my time fixing the issue before moving on. This issue is fixed now and my hotkey mistakes are low, but that was a waste and caused undue stress. As for step 9, I left demo without any working setups. I tried and nothing worked. Then I chose the 5min ORB and heavily practiced it on DAS SIM and tradingsim.com with little improvement. I finally left demo just to try another platform to see if it would help my hotkey mistakes. It did. I wish I did step 10. I do recommend it for new traders. Step 19 took a while to fix (nerves). Rereading Trading in the Zone and Daily Trading Coach after you go live has much more of an impact. I tried reading lots of other books to help, I found most not useful. I did finally find a couple that helped. Essentially, I was raised that being negative was good. We would be punished as children for acting to positive, like we are jinxing the future. If we enter a task to positive and we fail my parents would love to tell us we ruined are chances because of the positive thinking. “Laugh before breakfast, cry before dinner,” was my parent’s favorite phrase. So this was a lot of programing to change. But, I have known lucky people. They enter the situation positively and assume things will go their way even though the odds are against them. And I watch how things go their way. So this mind set can really help in trading. You don’t second guess yourself and the ability to find setups is improved. There was actually an experiment that showed this. To keep an open mind to different possibilities. If you think that something positive may happen, when an opportunity, though it may be outside the box, crosses your path, you would see it and act. I would be close minded and not see it. There is actually some data for this. I once read about an experiment where volunteers were gathered. One set of people considered themselves usually the lucky type and the second group considered themselves unlucky. Everyone was given a newspaper and asked to count the number of pictures in the newspaper. The unlucky group usually took 2 or 3 minutes to count all the pictures. The lucky group usually took around 10 seconds. Because the lucky group all noticed a big sign on page two stating, “there are 46 pictures in the newspaper.” The unlucky group were focused on just looking for pictures and never noticed the sign. You can imagine how that applies to day trading. So you need to make yourself luckier by using the power of attraction. Step 20 (Risk Management). Ok, I think I got this one. I have not lost any money in the last 8 months trading live. My trading is not very good so it must be risk management keeping me afloat. Step 21 (increase your fixed R). Definitely doing this one wrong. Essentially, I increase my fixed risk/trade, during profitable time, to the maximum I can handle without it affecting my trading. That’s not really the correct way to improve one’s trading. My fixed R is currently $30. If I go any higher the impact of a full stop out is too much to handle. Thus, I am at my maximum I can emotionally stand. But, it is still too high and affecting my trading causing bad habits. You shouldn’t choose the most you can handle you need to find a sweet spot in the training phase. If too little it feels like you are in SIM and you will trade too reckless. If too high you will trade to careful. So I need to lower my R. It will take a few tries to find the sweet spot. So I am trying to determine my new trading plan. I will need at least a week to plan and experiment. I will have it fully implemented by my 1 year live anniversary. I have decided to give it one more year. If I still haven’t seen steady progress I am pretty confident I never will and should move on. The one thing that is certain, as in all changes for the better, things will get worse before they get better. Once I step outside my comfort zone and change things up, I will take losses again. I need to prepare myself for it. I have gotten quite use to not losing money. Sorry this post was a bit long winded. Thanks for reading. Have a good weekend.
  22. 4 points
    Hey everyone! I thought it'd be fun to make a video a day about 1 or 2 trades I take (or don't take) that I feel have a lot of substance, this is less a journal and more a challenge for myself to articulate my thought process and to solidify concepts I'm still working through. Just a little backstory on myself...At the time of writing this post I am 6 months in to trading sim, I'm 30 years old, I'm an Air Force veteran, and currently a student at UC Berkeley! I read Andrews book once about a year and a half ago, and again about 7 months ago and decided to give trading a go! It's been really fun and also very challenging! Okay ... lets go! June 3rd 2020 $MGM - Hidden Orders / Over Extension June 4th 2020 $AAL - 2 min orb, stop placement, ascending triangle, extension, sick ABCD!!
  23. 4 points
    Are there any plans for a “Going Live” workshop with Interactive Brokers / CMEG? Covering some items like: What to expect when transitioning to a live account DAS Platform changes to make Hotkey routing changes, etc. Notes on commissions and account types (Cash vs. Margin, Tiered vs. Fixed) Anything else relevant to what a new trader might need to know. I know there is already a video on commissions, but I was thinking of a more comprehensive video on the changes when switching over to a live account with IBKR/CMEG Maybe a Checklist of changes or summary to bring it all together for members transitioning to a live account from the SIM.
  24. 4 points
    See chart and table attached comparing CMEG standard rates for small/medium/large trading volumes versus BBT discounted rates. I wanted to see how good the BBT discount was compared to CMEG standard rates and fees for an Active Trader account. And also see how this changes with respect to number of shares traded. Turns out the BBT discount is pretty substantial. (Thank you @Andrew Aziz) Especially if you're a low volume trader. For example, compare $5/trade VS $1.55/trade at 200 share trade size. That is, assuming my data is correct... Please let me know if you see any errors here. Fee structures are from 7-12-19. CMEG fee structure varies based on monthly share volume. I call them "small" (<350k shares traded per month), "medium" (350k-1M), and "large" (>1M). References: CMEG Active Trader Account Pricing CMEG ECN, SEC, and FINRA Fees CMEG-BBT Promotional Rates CMEG Standard Rates - "Small" Active Account (<350k shares monthly volume) Commission Rate: $3.95 up to 1000 shares/trade or $0.007 for trades > 1000 shares. ECN Fee = ~$0.004/share (rough estimate) CMEG Standard Rates - "Medium" Active Account (350k-1M shares monthly volume) Commission Rate: $2.95 up to 1000 shares/trade or $0.005 for trades > 1000 shares. ECN Fee = Same as small CMEG Standard Rates - "Large" Active Account (350k-1M shares monthly volume) Commission Rate: $1.95 up to 1000 shares/trade or $0.0035 for trades > 1000 shares. ECN Fee = Same as small CMEG-BBT Promotional Rates (when using SMART LAMP route) Commission Rate: $0.004/share ECN Fee = $0.0025/share SEC and FINRA Fees (same for all account types) SEC Fee = Stock Price * # Shares * 0.0000231 FINRA Fee = # Shares * 0.000119 ($5.95 max)
  25. 4 points
    Since this subforum is by far the most active, we've stickied this FAQ which contains links to individual posts. This post will be updated regularly. [Last updated: Jun. 18, 2020] DAS Trader Downloads DAS Trader Pro Production Releases for Interactive Brokers DAS Trader Pro Production Releases for CMEG BBT DAS Simulator Production Release (ONLY IF YOU GOT DAS SIM THOUGH BBT) When doing an install of a new version, it is always a good idea to back up your settings! DAS Trader Pro references, education and support OFFICIAL: DAS INC DAS TRADER PRO - DEMO Tutorial - How to Correctly Use DAS Trader Pro User Guide and Manuals DAS Trader Official YouTube Channel DAS Weekly Free Q&A Webinar DAS Trader Pro Knowledge Base DAS Trader Pro Risk Control explained in Knowledge Base. Common DAS Trader errors No More Order Server to Connect’ error message ‘Wrong Trader’ error message “Lost Connection to Quote Server” error message General Where can I subscribe for DAS Trader Pro live account for Interactive Brokers? How to Change Your Equity and Buying Power in Simulator How to Switch Between Live and Demo Accounts Update/Upgrade DAS To Latest Version Understanding the DAS Account Report DAS Deluxe Package - Switching Options L2 for ARCA Book DAS Trader on MAC OS also see DAS Trader FAQ > 5. SYSTEM REQUIREMENTS How to link symbol selection in Trade Ideas to DAS How to set a price alert in DAS How to add Audio Alerts in DAS How to Configure DAS Mobile for Android or iPhone Definition of Time and Sales Flags How to use the DAS Risk Control Page List of Index tickers (SPY, DJIA, NASDAQ, RUSSELL, etc.) How to Make a Pre-Market Scanner in DAS DAS Trader Videos Playlists in YouTube DAS Trader Tutorials (basic DAS Trader configuration) DAS Trader Pro Instructional Videos (Advanced DAS Trader Features) Market Replay Mode How to use new DAS Trader Market replay feature Montage, Windows, and Layouts How to Make Your Custom Layout Load as Default on Startup How to link Montage to Time&Sales and Charts? How To Setup Multiple Monitors in DAS How to Duplicate a Montage, Chart or Other Window Montage / Level 2 color and shade settings How to Quickly Add Rows to Watchlist (Market Viewer) How to Change Order Button Colours (BUY, SELL, SHRT, CXL, RPL) Select Active Montage to Trade Definition for each of the Level 1 (L1) fields at top of Montage How to select the montage before placing a trade Charts [VIDEO] How to configure charts in DAS Trader Pro: Education Center How to Add Index Tickers for SPY, DOW, NASDAQ DAS Trader Tutorial – Make Your Chart Look Like Andrew's How to Add Average Line to Volume Study How to Drag and Drop Horizontal Lines How to Transfer Price Levels to Another Chart Drawing Support and Resistance Lines in DAS How to add previous day close (PCL), high of day (HOD) & low of day (LOD) How to Prevent Chart from Zooming out When Switching Symbols How to Add/Remove Trade Icons on the Chart Show trade info on chart (triangle click) How to Increase Y-Axis Scale to See More Price Levels / This can now be done with the newer versions (5.4.0.0+) of DAS using hotkeys Change Default Number of Candles How to add Relative Strength Index (RSI) to Chart How to Draw a Diagonal or Sloping Line How to Change font size in Chart How to add separator line for Pre-Market (Open) and After-Hours (Close) How to correct short/small candlesticks by excluding Studies from Y-Axis Scale (Y LOW, YY HIGH, etc). How to Zoom in on Specific Area of Chart Why is VWAP sometimes different between 1-minute chart, 5-minute chart, and/or Montage? How to add vertical lines on 1-minute chart to show each 5-minute period How to add Average True Range (ATR) to DAS Daily Chart How to add and use Volume by Price study How to add bid & ask to your charts How to add RVOL in DAS? Order Entry Advanced Lesson: Stop Loss in Your DAS Trading Platform Trailing Stops How to Lock Your Montage Placing Both Stop Loss and Profit Target in DAS How to set a Bracket aka Range aka OCO order (includes hotkeys) Hotkeys and Hotkey Buttons - Always test your Hotkeys is simulator Most frequently used hotkeys Terminology Clarification: Hotkeys vs Hotkey Buttons Programming hot key for stop loss Buy/Sell Hotkeys for Automatic Stop Loss How to Create HotKey Buttons on the DAS Montage Level 2 Window Hotkeys for Flipping Position Hotkey for buying based on a percentage of Buying Power How to Adjust Montage Hotkeys Button Size What does the Panic hot key do? How to set up hotkeys for trailing stops Hotkeys for adjusting share size How to create hotkey which launches Finviz page for a selected stock Hotkey for automatic share size based on max dollar loss Hotkey for automatic share size based on % loss of account How to short stocks in SSR: see here and here Thor´s Freeroll Hotkey DAS Trader Pro Support Live Chat Support Das Trader contact page to send messages DAs Trader Support Email
  26. 4 points
    Tuesday - August 11, 2020 Futures Watch /ES continues to be in 'Alternate Thesis' where we have moved well past the VA High now higher at 3320 and continuing to squeeze higher, leading to a rally and shorts covering. I marked 3337 as a possible target is this scenario, which we have achieved, broke through, and retested as support on yesterday's session. We have good volume support below near 3350, so we would need to lose or gap below this area to consider VA High as a target below; the current thoughts are we will continue to go higher until we have a clear reversal signal/day. 10D 30M Chart /NQ has moved the VA Range into the current range, testing the VA High 11275 highs on Friday before falling back into V POC around 11050 at the time. Yesterday we did try to lose the marked support, yet we closed slightly above and moved higher until this Premarket session, where we quickly fell right back to this area. Larger structure is showing weakness in this area, as rotation is occuring in the overall markets. 10D 30M Chart /RTY is moving strongly off of a test of 1540 support and current VA High. Alternate Thesis is in play; however, volume structure below is less supportive if a resistance and selloff were to occur. We will look for continuation into an extended move and into long-term resistances or a sign of reversal for a larger move back to VA High. 10D 30M Chart Premarket Review at 9:00 ET Interesting Futures: Crude and Natural Gas up around 1.5%. Crude retesting 41 last week and rallying to retest 43.50 recent highs, Natural gas breaking above a range area and holding above 2.15 recent highs to reverse a major downtrend over the past years. Metals down with Silver down almost 7% and Gold down 3.5%. Volatility down 3.5%, continues to decrease as market grinds higher. Premarket Sectors at 9:15 ET Strong Sectors: Financials with bonds lower ($TLT big drop) and Energy with strong Crude and Natural Gas. Sector Rotation into these beaten-down sectors. Industrials strong with airliners. Weak Sectors: Technology overbought and being sold off and Metals similar strong run with a larger pullback today. Things to Watch: $BA and airliners. Financial and Energy names like $C, $JPM, and $OXY weak with overall Energy strong. Weak Tech names like $AAPL having trouble moving outside of tight range 440/455.
  27. 4 points
    Thursday - July 30, 2020 Futures Watch /ES big movement yesterday breaching the VA High 3245 and immediately falling back into the V POC 3225 which has been climbing slowly in recent trading sessions. I continue to hold Main Thesis that VA Low 3195 needs a test after multiple attempts to break out of Value Area Range. 10D 30M Chart /NQ lackluster move higher into a Volume Pocket and quickly back down to V POC 10600, a test of VA Low 10395 Main Thesis given no new highs in recent sessions. 10D 30M Chart /RTY breach of VA High 1490 and rejection at 1500 back to V POC 1480. Similar structure to /ES, I'd be looking for a test of VA Low 1465 multiple support area. 10D 30M Chart Premarket Review at 9:00 ET Interesting Futures: Silver down 4.5%, lots of volatility during Federal Reserve Meetings and now gapping lower. Energy Futures (Oil, Natural Gas) down 1.5%, weak Energy Sector. Volatility Futures up 5%, VIX up 9%, lots of buying in volatility today. Bonds are up and $TLT breaking 170 resistance and getting bought higher in premarket. Premarket Sectors at 9:15 ET Strong Sectors: None, a few flat sectors (Metals and Communications), but no volume as well. Weak Sectors: Financials down almost 2% due to bond yields falling lower. Energy down 1.5% weakness in commodities and Financial Weakness correlation. Multple sectors correlated with weak Index ETFs, Technology/QQQ down 1%, SPY/Utilities and Cons. Disc. down 1.2% Things to Watch: Silver ($SLV) Volatility Products ($VXX / $UVXY) Short Candidates ($BA Continuation, Banks like $C and $MS)
  28. 4 points
    Hi everybody, I've been thinking about giving the room my own personal touch as I often found my self during the last few months having difficulties with the small chat and all the messages... Short Story I aimed for this goals : Giving some more space for the main chat Reduce the tab selection section in the middle of the column so that it does not overflow in several lines Give some clean icons that clearly identify the content while keeping the tooltip Hide the Alert Panel while keeping it accesible using the mouse over it (autohide) Change the font for a readable one with a smaller size as I use to have the chat in a 40" TV The final result is this ( original colors on the right, darker theme on the left) : If interested in getting more room for the main chat, just install Stylus and Darkreader (if you like the dark theme ) plugins on your browser : Chrome: Stylus: https://chrome.google.com/webstore/detail/stylus/clngdbkpkpeebahjckkjfobafhncgmne Dark-reader: https://chrome.google.com/webstore/detail/dark-reader/eimadpbcbfnmbkopoojfekhnkhdbieeh?hl=es Firefox: Stylus: https://addons.mozilla.org/es/firefox/addon/styl-us/?src=search Dark-reader: https://addons.mozilla.org/es/firefox/addon/darkreader/ After the easy installation, just go to the top right cornor of your browser and click on the "S" then on the "create new style option" while being in the tab of the chatroom. Copy the CSS text that you can find attached to this post and then paste it in the editor area. Check the name you want to give to this style on the upper left corner and the URL that should be monitored : https://protradingroom.com Save the changes and go back to the room. If you want to activate the dark theme just go to the DarkReader plugin and manage your settings ... Hope anyone finds this usefull. Keep it green ! @Aurbano css.txt
  29. 4 points
    Será el viernes 17 de julio 4:00 pm por zoom, publicaremos aquí el link, favor de confirmar asistencia en este post. Abiel le está invitando a una reunión de Zoom programada. Tema: 1a Reunión Miembros BBT Hispanos Hora: 17 jul 2020 04:00 PM Hora del este (EE. UU. y Canadá) Unirse a la reunión Zoom https://us04web.zoom.us/j/8803446294?pwd=NG5pSDJYTm9ENFg2V0FKUGZpOXZqZz09 ID de reunión: 880 344 6294 Código de acceso: 7vQK6m
  30. 4 points
    I made a small application to review my trades and make some statistics about the results of each strategy. I wrote it because I needed some tools to speed up my journaling and to help me reviewing my trades and didn’t find something out there that was exactly personalizable for my style of trading and my way of journaling... Thought that sharing it with you guys would be a way to give back some of the great help that I received from this community! Features The application imports automatically from the DAS logs your trades and displays: The results for each trade and trading day All the entries and exits If you use hard stops based on trigger orders, the risk of the order/trade The risk/reward of the trade, based on the S.L. orders or on a fixed $ amount You can create trading strategies and associate to each trade additional information: The strategy used Whether the setup was valid or not according to the strategy, and if your execution of the strategy was good The theoretical maximum target that could be reached -> based on that the app calculates the maximum result of the trade if you closed your whole position at the max target If the trade is a “playbook trade”, i.e. if you want to add it to the list of your “ideal” trades for this particular strategy You can associate custom tags to the trade You can choose to exclude the trade from the calculations of the daily results and of the statistics You can attach a screenshot from the clipboard, or import it from a file You can add quick comments as well as a detailed review of the trade Based on that, the tool calculates some statistics: Number of trades and global result of the trades in each strategy Number of winners/loosers, percent winners/loosers and average winner/looser in the strategy Average result and average max result of the trades in the strategy Average risk/reward and max risk/reward of the trades in the strategy You can filter the trades for which you want the statistics: Start date/end date Time of day Strategy Direction (long/short) Whether the setup is valid, and whether the execution was good You can select the playbook trades only You can filter the trades by tags You can select only the winner or the looser trades You can filter by trading account You can visualise the equity curve of your trades: You can filter the trades used to calculate the equity curve The equity curve is synchronized with the statistics Screenshots Download Setup: Download and run the installer inside the zip. Once installed, just select the DAS Trader directory and the application will automatically start loading your trades. If you already installed a previous version of the program, the installer will automatically import all your data. In any case you can transfer/backup your data through the Import/Export functions from the File menu. Download link: TradeReview 1.3.1 Setup New in 1.3.0: Equity curve visualization, synchronized with the filters of the Statistics tab Possibility to edit the trade details directly from the table + added context menu for trade exclusion/details Joined the Trades and Analysis tabs (can be reverted through settings) Possibility to filter the trades also by long/short direction Possibility to add some brief comments about the trading day Possibility to import the last DAS screenshot Possibility to visualize more fields in the trades tables Bug fixing New in 1.3.1: Possibility to filter the trades by time of day Trades executed in replay mode are discarded Bug fixing
  31. 4 points
    Tuesday - July 14, 2020 Futures Watch /ES seeing a return to thew Volume POC after a large Rounded Reversal in yesterday's session (Trend Day with Divergences that reverse direction of trend). We're inside the VP Range; however, typical behavior is to test the VP Low around 3080 after a return into the range from the other side (high to low or low to high). 10D 30M Chart /NQ had a very aggressive Rounded Reversal in yesterday's session, as we had multiple Volume Gaps (holes or pockets) that were likely to get filled quickly on any selling activity. Similar to /ES, we're inside the VP Range; however, typical behavior is to test the VP Low around 10360 after a return into the range from the other side (high to low or low to high). 10D 30M Chart /RTY pushed outside the VP Area and re-tested 1450 again (multiple tests in prior sessions) before also having a Rounded Reversal back into the VP Area and coming all the way to test 1400, which is slightly below the VP Low of 1405 this morning. A potential return to Volume POC of 1425 may be likely given the large price movements yesterday before a new directional bias is chosen this week. 10D 30M Chart Premarket Review at 9:00 ET Index ETFs seeing some negative reactions to bank earnings, $SPY and $QQQ losing yesterday lows with QQQ leading the selloff. Interesting Futures: Oil Futures down 2.25%, rejecting the bullish pattern again to break 41. Natural Gas down roughly 1% Silver down 1.5%, but was in a strong uptrend and due for a pullback. Bonds up .5%, which is fairly big in general. Premarket Sectors at 9:15 ET Strong Sectors: Nothing showing yet, relatively strong sectors like Tech and BioTech sold off hardest yesterday. Weak Sectors: Technology starting off down 1% and Financials started strong and completely fell flat on earnings from some banks. Things to Watch: Banks - $WFC, $JPM, and $C. These will decide financial sentiment for today. $DAL - Earnings QQQ/TQQQ for technology trades.
  32. 4 points
    Monday - July 13, 2020 Futures Watch /ES opening Sunday night 3183.5 and traded somewhat range bound, testing those lows twice before slightly trading higher into 3204 this morning. We're past the Volume Range High and breaking multiple pivot highs from last week's session, so a return to 3175 support before heading higher would be ideal for strength. 10D 30M Chart /NQ opening Sunday night 10848.5 and trading range bounce until breaking out this morning into 10950. We're right at the Volume Range High and the Profile overall has a lot of weak areas with very little volume, so hoping we can pull back and fill those 'holes' before continuing to head higher, because any downside will be fast. 10D 30M Chart /RTY opening Sunday night 1423 and trading range bound into the morning session, still no breakout of the initial highs after Sunday open 1438.3. Inside the Volume Profile Range, so still waiting for some directional bias, using Index ETF for ideas with wedge breakdown failing and retesting 145 on the table. 10D 30M Chart Premarket Review at 9:00 ET Index ETFs up roughly 1% or higher, $QQQ breaching slightly above Daily Chart Channel high 265 area, $SPY gapping over remainder of overhead gap 318.22 and into 'Island' price levels on Daily Chart, and $IWM back inside daily wedge heading back to test 145 resistance. Interesting Futures: Silver Futures up over 3.25% and been rising all morning. Volatility Futures down 1.8% and back near 27.92 low support on 07/02. Bonds down slightly, but $TLT right at daily range support 165.25 area after last week breakout. Premarket Sectors at 9:15 ET Strong Sectors: Financials gapping up above resistances and up 1.4%. Consumer Discretionary gapping up 1% and ATH on SPDR ETF. Tech is in line with SPY gap up. Weak Sectors: Nothing showing relative weakness yet. Things to Watch: Hard to watch given DAS NYSE Data issues. Watching Oil Tankers given movement last week ($NAT, $STNG) Tech for any loss of momentum with a large risk/reward to the downside $WKHS - Hearing Roth Capital Partners Raised Workhorse Group Price Target From $12 To $27; Unconfirmed
  33. 4 points
    One other thing to note is that when you do hit the second hotkey, your order will look like a range order (see picture below). This is actually visually showing your "fill up to" range (Thanks for explaining this Kyle!) This is a little embarrassing, but I think I had this hotkey working quite awhile ago, I just didn't understand what I was seeing! I thought it was some kind of weird range order, that the script wasn't working, and so I always cancelled it before triggering and went back to the drawing board! And just going to tag some people who I know were interested in this in another thread: @Travis Weirich @peterB @JenniferL @WindssKat @Ryan Wilson
  34. 4 points
    Wednesday - July 01, 2020 Futures Watch /ES rallied hard yesterday into the Volume POC 3100 which was the likely probability once reverting back from the Sunday lows. Pulling away from V. POC may lead to another test of 3040 high volume area and lower consolidation area. /NQ pulled away from Volume POC approx 10000 and is extending past the one SD range. Probability favors a pullback back into the range, but as the strongest sector, the alternate case to retest 10300 is certainly on the table. /RTY has been oscillating around the Volume POC 1420 area with tight range consolidation on Monday, break away lower into Tuesday before moving higher, and now right back in the area. Given correlations with other markets, look for a tightening range before aligning to the prevalent trend of other products. Premarket Review at 9:00 ET $SPY - Starting to trend higher into PM highs, may be attempting to retest 310 and yesterday highs in the afternoon. Expecting some strength and exhaustion into daily resistance levels 310.51 gap entry and 311.61 gap fill. $QQQ - Flat with yesterday resistance above 248.16 and PM highs. Looking for an extension higher and pullback given futures volume profile. $IWM - Slightly lower coming into PM highs and yesterday highs 143.62. Daily has 144.50 area as resistance with multiple tests on prior days. Bond Futures lower about .30% and $TLT gapping lower into 162 lower end of prior range. Oil Futures volatile this morning with large ranges around Volume POC 39.69. Natural Gas Futures pullback back after a two-day rally from the lows, also pulling away from V POC 1.718. Gold Futures breaking yearly resistance levels yesterday around 1800 and falling back into the breakout area. $GLD extended past Volume SD Range and pulling back into 166.3 V. POC. Silver Futures pulling back after strong breakout rally yesterday, very extended looking to revert back to 18.15 top of SD range. Volatility Futures down 1% pulling away from Volume Range and headed to test lows 30.31. Premarket Sectors at 9:15 ET Strong Sectors: Industrials with airliner catalyst, Financials trying to break yesterday highs. Health Care with Pfizer catalyst. Weak Sectors: Materials and Consumer Disc. inside bar starting the day. Tech is starting flat. Things to Watch: $PFE - Pfizer, BioNTech Press Release Confirms Early Positive Data From Ongoing Phase 1/2 Study Of Coronavirus Vaccine Candidate $UAL - Extending capacity for flights $FDX - Earnings
  35. 4 points
    Hello everyone! Me and the team usually get a lot of e-mails asking for the hotkeys we're using or for some simple hotkeys; Therefore, we created a list of the most frequently used/asked for hotkeys. This is just a beta and short version, and we will keep adding to it depending on your request. This list will be worked on not only by us moderators, but by you as well if you wish! Please share in the comments some of the hotkeys you use a lot which aren't in the list and we will definitely update it, you can also ask for any hotkey you think you miss, and if any member replies with it in the comment it'll be also added to the list! https://docs.google.com/document/d/1zLMOpPymZfydidPuu_e0HXjvMjHCUbUoaWgVWab5DO8/edit?usp=sharing The hotkeys have been tested in DAS trader DEMO account and DAS/IB, still make sure to test them in simulator before trying them live! Thanks all.
  36. 4 points
    Hi everyone! My name is Cindy. I'm 25 years old and from San Francisco. I'm new to trading as I just started learning in April. I'm currently working as a full-time pharmacist. I realized that my student debt would take way too long to pay off for the life I want to live. I found out about trading and felt that it would be a good path to head down with the eventual goal of working less hours and having more freedom in life. I was learning from a different community but didn't like the vibe and didn't feel like the members were very supportive of each other. I was also searching for more information to learn when I found Andrew's book and BBT. I decided to try BBT's 1 week trial last week and was blown away by the professionalism and level of support members had for each other in this group. I felt like I learned so much more in 1 week with through this platform than I did in the entire month of April so I HAD to join. I'm so excited to keep learning and growing with everyone! Cindy
  37. 4 points
    Monday 04/13/2020 I had a well-being score of 7.5/10 this morning. I took 1 live trade with DAL. My watchlist: MU, MGM, DAL, TSLA, CCL, and BA. Well I took a 5 day vacation. I didn’t feel myself lately. My discipline was really waning. I usually don’t take enough time off from trading, but at least my family’s vacation will force me to stop trading a couple times a year. Due to the pendemic the vacation was cancelled of course. So I went awhile without a break. Plus, the additional stress that of course will be added at this time, I needed a break. I was actually prepared to trade last Wednesday, but I didn’t feel myself. I didn’t even have a plan at the open. I always have a plan. I knew something was up and shortly after the open I turn off my platform and walked away for 5 days. DAL had an interesting PM. The last five 1min candles before the open all touched the 24.95 price without breaking it. SPY was also dropping as we went into the open. The plan was to go short if the price broke the 24.95 and 200MA-1min. DAL opened with strong volume. And quickly dropped below the two levels. I shorted with PDC as my target and the 24.95 as my stop. The price dropped and I took two quick partials. Then I set my autostop at B/E and was quickly stopped out. Another minute later it looked like DAL was setting up even more for a short and SPY was really dropping. So I shorted again. I know I take terrible partials, but today was ridiculous. I will chalk this up for being my first day back. But I caught a 10R move, so I usually get about half in profit. Today I got 1.4R profit from a 10R move. What did I do good today? Good use levels and watching SPY What I am grateful from today? Taking a short. I have been taking so many longs lately I am getting a bias.
  38. 4 points
    Video file uploaded to Google Drive and sent to @Abiel
  39. 4 points
    March 23 It feels so good to be back in my normal routine and being able to trade the way I want to trade. The past 10 days or so has just be chaotic for me. There was a ton of factors outside of trading that were piling up and I just could not focus on executing solid trades, so last week I decided I would just have some fun and trade in sim with no worries of the outcome. This allowed me to try all kind of different setups and see if anything felt good. I didn't do any journaling or anything last week as I just didn't have time for it. But today was a different story. I was able to take 3 trades today all utilizing the same moving average crossover strategy. I took $JD in the mid-morning and $PYPL, $T in the early afternoon. I hit profit target on $JD and $PYPL, while getting a partial on $T. Overall it was a great day and definitely needed after 4 straight losers 2 weeks ago. It just goes to show you that when you are able to focus and concentrate on trading your plan things work out well. When you go into trading with lots of external worries and stresses it definitely plays with your mind. Looking forward to tomorrow.
  40. 4 points
    Monday 03/23/2020 I had a well-being score of 7/10 this morning. I took 1 live trade with AMD. My watchlist: AMD, UBER, TSLA, MGM, CCL, and ZM. I was watching AMD at the open as default, since nothing else on my watchlist had a PM that was interesting. AMD opened weak with SPY. AMD made a reverse hammer. I shorted when the price broke the 200MA-5min with a L2 signal (but not a big signal). What AMD looked like when I went long: My target was PDC (39.60) with a stop 40.60 (when my 1min candle would go green and the break 40.50 where PM was respected). I took two partials and did have my auto stop at B/E. But I hate when the price flies through my stop and removes all my profit. So I bailed a little early (my cover was exactly on my 1st partial so you can’t see it on the chart). But of course if I held to my stop I would have reached my target and beyond. What did I do good today? Stopped at one trade. That took some resolve since I was only at +1R. But my goal is to find one good trade. Essentially, a trade that reaches my target. AMD did reach my target (and beyond), it was my fault I didn’t take advantage of it. So I took a trade that reached my target, so I am done for the day. What I am grateful from today? I took a short trade. I have noticed I have been taking a lot of long trades lately, I am worried I am getting a bias. It doesn’t help that I have less stocks that have shorts (shorts I can take quickly) with Centerpoint.
  41. 4 points
    Couple thoughts: Taglines shouldn't have a negative slant in them: Don't / Mistakes / Not / etc. Taglines should be built around a prospective customer's problem and your solutions for them. Problems: "I want to make some money on the side" "I'm currently trading but not getting the results I expected" Solutions: Join a community of experts and like-minded traders Education through webinars and expert interviews Tools that will help you become more efficient (Kyle's hotkeys) --------------------------------------------------------------------------------------------------------- You can then build taglines around that: Header: Welcome to Your Trading Community Sub-header: Get access to essential Support, Education and Resources (I would put something similar like "to make yourself a consistent day trader" on the end, but I know @Andrew Aziz is understandably apprehensive about making any promises.) --------------------------------------------------------------------------------------------------------- After a short and concise header @PilotFish is right - you can then add some details: Expert moderators Dedicated psychologist Education center Meetups Weekly webinars Benzinga Trade reviews Special hotkeys Resource sharing
  42. 4 points
  43. 4 points
    October 28, 2019 - Sim I got about 3 hours of sleep last night along with the travel into work, so I decided to trade sim today. I took three trades. 1st one was a bullish engulfing pattern on $T. I saw it selling off at the open and bouncing back from VWAP. I took it long once it broke through the moving averages and engulfed the 5 minute candle. 2nd trade was a poor setup on a 5 minute ORB on $AMD. I took the trade after a heavy sell off to VWAP and a rejection of the 50 SMA. I got a 1R and 2R partial and I let the rest run. I was looking for 33.98. I had to set a range order as I had to head to work. I almost got filled but was about .05 off. When I came back in the afternoon, I exited the trade and started looking for my strategy while overlaying Thor's price level breakout. I got a short on $AMD, with a tight stop and managed to get a 1R and 2R partial again, before getting stopped out at the breakeven. Overall today was a good day in sim to set me up for tomorrow. Sample Set Results, S P G E E P P P P G G P P P 15 16 17 18 19 20
  44. 4 points
    10-15-19 Up at 7:40 with 4 hours sleep.... SSS and a coffee..... PAT: Share Size.... Notes: A+ setups take at full share size with Kyles hot keys..... A setups about 3/4.... B+ at 1/2 and all others should be in a SIM...... ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- I will make this my break of SIM and Live account for my information.... but as I have been doing I will still use my P&L for all trades since I do not have a way to separate them yet....... ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- PINS PB#1.1 ... A setup... took about 3/4 size..... 1min ORB on a pullback and momentum to break the PML ..... Took 50% off at at 2.5/1 and out at BE.... +22.50 PINS PB#3... A setup.... took 3/4 size in three steps keeping my risk down..... my original target was LOD so I took 50% off there and then I had my sites set for 24.00, I hit my hard stop of BE.... +82.00 APHA PB#3... A+ setup... full share size.... Trending the 9ema on the 5min with an ABCD on 2min, Strong catalyst.... took 25% off at 2/1...... and hit hard stop at BE... +28.13 CGC... A setup... 3/4 size.... trending the 9ema on the 2min but a bit extended from the 9ema on the 5min with confirmation of the ABCD on the 2min, strong catalyst..... took 25% off at 1/1.... and hit Hard stop at BE.... +18.88 Cons: I feel like I should have partialed a bit more aggressively locking in profits..... Pros: Found my setups and feel like my Size compared to entries were good..... Favorite Trade: PINS PB#3 Notes: I feel like I should have partialed a bit more aggressively locking in profits..... I was trying to be more aggressive with a longer profit but should have used my targets as an all out or at least took 80 or 90%.... R = 50.00: +151.51 / 151.51
  45. 4 points
    Monday 10/14/2019 I had a well-being score of 6.5/10 this morning. I moved my fixed R to $10/trade while I figure out the sweet spot. High enough to feel the uncomfortableness of live trading, but low enough I will trade smartly. Took 2 live trades this morning was with YNDX and FAST. Backtesting showed AAPL and BABA are no longer in play at the open. Sadly there was enough data by last Wednesday to show this. I will backtest charts daily from now on and use the last 5 days (moving average) to determine the plan going forward. This would have save me two days of double stop outs. But, AAPL has made really nice 15min ORBs all last week and BABA still in play at the 5min mark. So Both stocks are off limits at the open. I can look at BABA at the 4min mark and AAPL just before the 15min mark. YNDX and FAST were on my opening watch list, with MU and BABA on my 5 min watch list. AAPL was on my 15min watchlist. My attention was entirely on YNDX at the open. I like it was the only stock I saw gapping up and it was gapping up more, with volume, right before the open. I already planned if it broke the 31.05 level with volume to go long. Which it did 2 seconds after the open. I usually wait a few seconds for the price fluctuations to settle down, but the L2 looked positive so I went long immediately. The priced spiked during my fill and I immediately lost 20 cents on the fill. For a $30 stock, it is pretty much game over. But since I was so close to the open I did go half share size. So my risk was still just above 1R and my R/R still OK. Too bad the price retraced back and I could have gotten a better entry a few seconds later. Live and learn. So I was long YNDX a few seconds after the open with HOPM as my target and the daily level of 31.05 as my stop. Due to my bad fill it didn’t feel promising to take my first partial at 1.5R and instead I took 25% at 1R. The price than retraced and I was all out at B/E. FAST actually setup while I was trading YNDX. Though I will take two trades at once with stocks I know well, I wouldn’t dare with these. After my YNDX trade was over, I did miss a move with FAST, but there was still a lot I liked about it for a 2min ORB. The candles were creating a mini ABCD and even though the stop would have to be far away, the 200MA-1min was right above my 1.5R and the PDC at 3R. So I was long with PDC as my target and VWAP-1min as my stop. The price advanced quickly and I took a 25% partial at 35.85 which was a really strong level, since there was a daily level, HOTD and the 50MA-5min. Then the price moved higher and bounced really hard off the 35.93 daily level. So hard I took another 25% partial because I just lost faith in the trade. Then all out at B/E. Then I did well in SIM. I took a 5min ORB on BABA which made it to 1.5R partial than out at B/E. I also took a SIM trade with AAPL for a 15min ORB which really ran. Score cards (live trades). YNDX FAST 86% 95% What I did good today: I like how I managed the FAST trade. What I am grateful from today? +0.6R is not that much of a day, but it was a lot of fun trading new stocks. What do I need to improve on: I will move my backtesting from weekly to daily. I just have to be careful not to make decisions on one point of data. Need 5 min. So I have to use the backtest data as a moving average.
  46. 4 points
    10-14-19 Up at 0740 with a little over 4 hours sleep. Fell ok..... SSS and a coffee.... read a bit in the Playbook.... PAT: Share Size Notes: Pre 5min setups must be A+ for "Live" trade..... Any PB#1 ORB setups must be A or A+ for a "Live" trade..... Keep working on proper trade management.... Will cut out for a bit to go get my Live account ready to go..... SES Took a couple scalps on this Low Float just trying things out.... I missed one good move that I wanted to trade so I went ahead and took these for practice in SIM of SIM.... one win and one loss +26.75 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- I will make this my break of SIM and Live account for my information.... but as I have been doing I will still use my P&L for all trades since I do not have a way to separate them yet....... ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- FAST PB#1.1 (A+ setup) ... 2nd day play Strong stock that gaped down looking for a long position.... Took a small share size on purpose as these are still a little foreign to me.... The 1minORB broke VWAP and with nice ASKs on LVL2 and Tape prices going up, decided to add here then some quick scalp partials and all out at BE.... +21.50 FAST PB#1 (A setup) the 5min ORB candle was a bit extended for me keeping this from an A+ setup, confirmation on the 1min ABCD.....I kept the share size a little bit small even after the add ons as I did not feel this was an A+ setup..... I added in at a very bad spot and got filled even worse... I do like the second add... I partialed out a bit too much so I added in the amount I did not want partialed ..... all out on a new 5min low.... +29.00 Trades 3 and 4 were PB#3 which I would grade both at B+ or A..... I took full share size on these which in hind site maybe I should have stayed small here also... One I got stopped out on and the other I partialed and all out on BE.... -32.40 AMD PB#3 (A+ setup).... trending the 9ema on the 2 and 5min breaking the 200ma on the 5 and 15min, looking for the 50ma on the Daily.... I partilaed on the way up leaving myself with a little just incase it breaks out over the 50ma on the Daily.... stopped out on three consecutive 5min lows and below the 9ema on the 5min.... +86.70 Cons: Just work on Share size a bit more Pros: Found good setups in this choppy market today.... Stuck to my rules and felt good ..... Favorite Trade: AMD PB#3 Notes: Work more on share size R = 50.00: +131.55 / +104.80
  47. 4 points
    October 10, 2019 $DAL, $JD I am still having some confidence issues but overall fighting through them. I started reading the VPA book Norm recommended and it is pretty good on explaining the relationship between price action and volume. I got a partial on $DAL with a little extra after inputting the wrong share size in the range order, and then a 2R on $JD. I left some to run but than the president tweeted about China and everything reversed, so I got out near my 1st partial. Overall a good day. Looking forward to ending the week on a good note tomorrow. Sample Set Results, S P G E E P P P P G 11 12 13 14 15 16 17 18 19 20
  48. 4 points
    Well now that I figured out to post again I post yesterday journal and today. I did not think I would encounter such a big problem after the upgrade. Completely self-incompetence about clearing a cache. Thanks to the BBT Support team for helping out yesterday. October 9, 2019 $AMD Not a bad day today after about a week of re-calibrating and get back into live trading. I was with you on the missed pullback on $AMD around the 5 minute mark. I kept watching $AMD and when it couldn’t push higher above VWAP, I decided to short it a little bit before the close of the 15 minute candle. I got in right as the big move happened, so I didn’t get right at the break of the candle instead a little bit lower. Still a good entry. I just did not get filled on the first leg down before a pullback, but on the second leg I got a partial at the low of the day. I eventually got before my breakeven point because the stock seemed to reverse and the volume started picking up. Eventually, I would have gotten stopped out at the break even point. Sample Set Results, S P G E E P P P 9 10 11 12 13 14 15 16 17 18 19 20
  49. 4 points
    If someone is interested, I wrote a few AutoHotkey commands to add new rows and perform other actions in the Market Viewer through hotkeys. In the attached file you can find hotkey scripts to: Delete the selected row (ALT+D) Delete all the rows (SHIFT+ALT+D) Add a new row (ALT+N) Export the current list to a file (ALT+E) Import the previously exported list (ALT+I) The last two commands are useful to copy the content of a Market Viewer window to another Market Viewer window Additionally, there is a command to add the current symbol selected in the Montage window to the Market Viewer. However, the script is written to work only if the Market Viewer window is the only one located in the same screen of the Montage window. If you need the script can be adapted to insert the symbol in a specific Market Viewer (follow the instructions in the script). To use the script, change the extension of the file to .ahk and launch it with AutoHotkey (https://www.autohotkey.com/) EDIT: Updated with a new version, including some new functions: Possibility to add the date to the exported files (IncludeDateMVList parameter at the beginning of the file) Some functions to calculate the profit targets based on multiples of your predefined risk A function to drag a symbol from the Market Viewer list to a chart (useful if you don't want to use a montage window for each chart) A function to toggle between standard and bigger Montage window height (to display wider market depth when needed) DAS-BBT-V1.ahk.txt
  50. 4 points
    Hi All, my name is Carlos M. I am 32 and live in Northern Jersey, few minutes from the NYC. After 12 years of working as a Senior Operations Manager, I was laid off this past December. My company purchased GE Appliances and moved to their headquarters in Louisville, Kentucky. I thought I would be more upset about the layoff but I had 12 amazing years, and I was ready to move on and try something new. The company gave us almost a year and a half notice, that was more than enough time to prepare. (Plus a nice $$$ for years of service and sticking around until the end :) ) As my work started to transition to the new company, I found myself having a lot of free time during the day. I always had an interest in trading stocks and this was the perfect time to start practicing and getting ready. I did another online course and trading that did not work out (that’s a story for another time), and then I found Andrew’s Book and Chatroom community. Signed up for the Platinum package, I did the simulator for about 4 months and when live this month (January 2018). Looking forward to possibly meeting up in the near future with others traders and continuing being part of this amazing trading community. Carlos M.
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