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Showing content with the highest reputation since 02/03/2022 in all areas

  1. 4 points
    I have been working today on 2 hotkeys for myself. The script(s) uses the defined R/R script from previous Kyles hotkeys. It performs the following: Cancels any previous orders for the symbol Enters the trade, ensuring total shares bought is equally divisible by 4 (rounded down); this prevents having extra shares hanging around after the range trades complete or stop out. Creates a range order at your stop level for 1/4 of your initial shares bought with a profit level of 2R Creates a range order at your stop level for 1/4 of your initial shares bought with a profit level of 3R Creates a range order at your stop level for 1/4 of your initial shares bought with a profit level of 4R Creates a single order at your stop for the remaining 1/4 shares; This allows you to ride the last 1/4 to whatever level you want before exiting As with Kyles hot key scripts, you double click your chart at the level you want to place your stop then press your button or hot key The Script for the long entry CXL ALLSYMB; StopPrice=Price-0.01;DefShare=BP*0.5;Share=DefShare*0.333*Price*0.01;Price=Ask-Price+0.01;SShare=Share/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;Share=Share/4;Share=Share*4;TogSShare;ROUTE=SMRTL;Price= Ask+0.05;TIF=DAY+;BUY=Send;DefShare=1000;Price=Ask-StopPrice*2+Ask;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:StopPrice HighPrice:Price ACT:SELL QTY:POS*.25 TIF:DAY+;Price=Ask-StopPrice*3+Ask;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:StopPrice HighPrice:Price ACT:SELL QTY:POS*.25 TIF:DAY+;Price=Ask-StopPrice*4+Ask;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:StopPrice HighPrice:Price ACT:SELL QTY:POS*.25 TIF:DAY+;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.3 ACT:SELL STOPPRICE:StopPrice QTY:Pos*.25 TIF:DAY+; and the Short CXL ALLSYMB; StopPrice=Price+0.01;DefShare=BP*0.5;Share=DefShare*0.333*Price*0.01;Price=Price-Bid+0.01;SShare=Share/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;Share=Share/4;Share=Share*4;TogSShare;ROUTE=SMRTL;Price= bid-0.05;TIF=DAY+;SELL=Send;DefShare=1000;Price=StopPrice-Bid*2;Price=Bid-Price;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:Price HighPrice:StopPrice ACT:BUY QTY:POS*.25 TIF:DAY+;Price=StopPrice-Bid*3;Price=Bid-Price;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:Price HighPrice:StopPrice ACT:BUY QTY:POS*.25 TIF:DAY+;Price=StopPrice-Bid*4;Price=Bid-Price;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:Price HighPrice:StopPrice ACT:BUY QTY:POS*.25 TIF:DAY+;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice+0.3 ACT:BUY STOPPRICE:StopPrice QTY:Pos*.25 TIF:DAY+; Long $50 Risk CXL ALLSYMB; StopPrice=Price-0.01;DefShare=BP*0.5;Price=Ask-Price+0.01;SShare=50/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;Share=Share/4;Share=Share*4;TogSShare;ROUTE=SMRTL;Price= Ask+0.05;TIF=DAY+;BUY=Send;DefShare=1000;Price=Ask-StopPrice*2+Ask;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:StopPrice HighPrice:Price ACT:SELL QTY:POS*.25 TIF:DAY+;Price=Ask-StopPrice*3+Ask;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:StopPrice HighPrice:Price ACT:SELL QTY:POS*.25 TIF:DAY+;Price=Ask-StopPrice*4+Ask;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:StopPrice HighPrice:Price ACT:SELL QTY:POS*.25 TIF:DAY+;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.3 ACT:SELL STOPPRICE:StopPrice QTY:Pos*.25 TIF:DAY+; Short $50 Risk CXL ALLSYMB; StopPrice=Price+0.01;DefShare=BP*0.5;Price=Price-Bid+0.01;SShare=50/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;Share=Share/4;Share=Share*4;TogSShare;ROUTE=SMRTL;Price= bid-0.05;TIF=DAY+;SELL=Send;DefShare=1000;Price=StopPrice-Bid*2;Price=Bid-Price;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:Price HighPrice:StopPrice ACT:BUY QTY:POS*.25 TIF:DAY+;Price=StopPrice-Bid*3;Price=Bid-Price;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:Price HighPrice:StopPrice ACT:BUY QTY:POS*.25 TIF:DAY+;Price=StopPrice-Bid*4;Price=Bid-Price;TriggerOrder=RT:STOP STOPTYPE:RANGE LowPrice:Price HighPrice:StopPrice ACT:BUY QTY:POS*.25 TIF:DAY+;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice+0.3 ACT:BUY STOPPRICE:StopPrice QTY:Pos*.25 TIF:DAY+; Everything prior to defshare=1000 in each script is completely from the original Risk/Reward Hotkeys except the bit of code that ensures the number of shares is equally divisible by 4. Feel free to give them a try and let me know if there are any issues.
  2. 3 points
    Hey Everyone, as you know Andrew is traveling, if anyone is interested in meeting up him on Dubai, November 26 for some drinks and talk trading? Date: Nov. 26 2022 Time: 6:00 - 08:00 PM Venue: Koko Bay. West beach Palm - Jumeirah - Dubai - United Arab Emirates Please confirm in this thread!
  3. 2 points
    In this video AdventureDogLA shows us how to set up Risk Controls in DAS Trader Pro. Risk Controls enforce limitations such as maximum daily loss, maximum shares traded per day, etc. Risk Control Page is a safety net to keep in control our loses, either to have an external control over our behavior as traders or due to a contingency such as failures in the internet connection, electric power outages, broker failures, etc. You can find "Open Risk Control Page" in DAS Trader Pro Account window, just right-click in any row of that window and Risk Control Page will open as a popup browser window to let you update your risk control settings. Some considerations: 1. This configuration works with real accounts and simulator 2. You can deactivate settings "Risk Control Page" anytime by leaving all in blanks and clicking SUBMIT 3. When you are using DAS linked to IB, or simulator, the Risk Control settings are handled by DAS. DAS staff updates your settings manually (the form is emailed to them) anywhere from 2 to 30 minutes during business hours. 4. In LOSS fields, enter a positive number. 5. “No new order” avoids orders for the current day 6. “Pos Loss” = Position loss. 7. “Enable Auto Stop” will automatically close your positions when you hit the Max Loss / Total Loss. 8. “Max Share - Max auto stop execution share per day” = How many shares can be sold / bought by the Auto Stop mechanism. 9. “Max Auto Stop Order Size” = Maximum size per order made by the Auto Stop mechanism. 10.“Delay for next order if exceed max order size (sec)” = Time between orders if the Auto Stop needs to place multiple orders to close your positions. 11. “Stop Gain Account Net Realized PL Thresh“, “Drawdown Percent of Max Net PL“ , “Pos Stop Gain Thresh “ and “Drawdown” - Like Auto Stop but for gains. The threshold is the profit the Stop Gain is looking to hit, the Drawdown is how much it can drop from that target before your positions are closed. Example, you set a threshold of 2000 and drawdown of 20(%). When you make 2000 in P/L, the Stop Gain will trigger, and will close your positions if you drop 20% ($400) from that value, closing you out at $1600 Net P/L.
  4. 2 points
    Howdy @cjames05, @DollarBill @Austin D Let's do a zoom, yall want to do a first Google Meet (I've got an account so no timelimit). DollarBill I think is saying is out until Jan 5th. How's Jan 6th Fri evening? Or Sat Jan 7th AM? Hit me up via email at [email protected] as you get this and I'll start a group email if ok? I am not always in forum. Thanks Michael (Thornton, CO)
  5. 2 points
    Hi everyone and welcome to our new forum on swing trading. As you likely know, swing trading involves taking positions in a stock or other security and holding that position for as short as overnight to days or weeks or even longer. If you are new to swing trading and want to learn more, reading Brian Pezim's book "How to Swing Trade" would be a good starting point. It is available on Amazon. We expect this forum will be used by our members to present and openly discuss swing trading opportunities. The one advantage of swing trading is that the trader has the opportunity to slow the decision process and plan their trades without having to make a quick decision on whether to enter a trade. Thanks in advance for being part of this forum and we hope this forum can offer up some profitable opportunities for our members.
  6. 2 points
    Glad some people are finding this helpful. The move to breakeven is not really doable (although often asked about) - You could alter the code to set stop to purchase price at the time you create the orders, but then it would likely get triggered as a stop almost immediately. - The ability to alter existing orders from the first triggered order really isn't there as far as I can tell. - The best alternative I could think of but am not inclined to pursue at this time would be for the script included in the first range order that would contain a trigger order that cancels all other orders for that symbol and recreates them with the new stop at B/E. If you want to figure that one out, have fun. In essence, you would only create 2 orders initially; one for the first range (including stop) for whatever percentage of your position + a stop for the remaining shares and the first order would need a trigger that cancels existing orders and creating new orders/stops with a new stop price of your average cost. It would need to extrapolate your next profit level somehow based on what that trade was at. There just seems to be too many variables to easily do that. If I ever get bored, I might go back to this and see if I can flesh that out, but since I don't really have use for it, don't hold your breath anyhoo... Cheers and happy trading.
  7. 2 points
  8. 2 points
    Ever wanted to swap line styles on the fly and make a rainbow on your chart? You can do that in The hotkey isn't the easiest to understand, so I very quickly made a web utility for you (link below). How to Use: Go to URL: http://kaelmedia.com/projects/das-line-config/ Select a Line Type, default is HorzLine Select a Line Style, default is SolidLine Select a Color, default is Barney Select a Width, default is 1 Hit "Generate" Glance at the preview window and see if it is what you wanted. If it is, hit the "Copy" button and it'll be placed in your computers Clipboard. If you wish to share you creation, press the "Share" button and a special link will be placed on your clipboard to post in the forums. Example: http://kaelmedia.com/projects/das-line-config/?hotkey=ConfigTrendLine horzline dotline:035aab:1; Paste the copied hotkey (looks like: ConfigTrendLine horzline dotline:035aab:1; ) into your DAS Hotkey Configuration. Optionally, bookmark or save the line so you can edit it in the future (it adds the settings to the browsers URI/URL). How the Hotkey Works: The hotkey as designed will swap the DEFAULT config for the Line Type chosen, each type has one default stored for the user. So if trigger a hotkey with a horizontal line with a blue color, your very next (and all following lines) horizontal line you trigger on the chart will be that configuration (blue). Because of this, I have a "default line" hotkey and a series of colored hotkeys, this allows me to toggle back and fourth. Advanced Uses: Go HERE.
  9. 2 points
    Hey guys, My name is Chris Bowling. I am excited to meet and get to know others in the Bear Bull Traders community. I already love Day Trading and I am committed to learning and growing. A little bit about myself. I played a trading card game when I was a kid, won the U.S. national championships, and became one of the best players in the world. In my early 20's, I found poker and became profitable after 1 month of playing. Since then, I have played millions of hands, and still play for a living, playing 5-6 tables online when I play. In the last 5 years, I have really got into investing and have read all kinds of value investing books, build DCF models, and really just love everything about the market. I found Day Trading recently and just got my simulator up. I can already see tons of parallels for me with poker. I feel Day Trading is similar to what I already do, but I can potentially compete for more money. Becoming a profitable Day Trader and living that lifestyle would be a dream come true to me! Look forward to learning and growing with everyone else! I except to post lots of questions in the forums and look forward to chatting with you all! -Chris
  10. 2 points
    You need to switch DAS to the new style configuration windows. Go to Setup -> Other configuration and check the highlighted box. After that many config windows will change to the new style and in some cases show extra options as per the L2 one.
  11. 2 points
    One screen for DAS, and maybe one screen for screeners and the chat room. However, info overload definitely will kill progress and create horrible habits. I think you might find, like many others, even having the chat room up is too much. Especially at first.
  12. 2 points
    100% agree with @peterB ... At the begining of your trading career, one screen is more than enough as you still need to start the learning curve with hotkeys and the platform + the chart reading + pattern recognition + L2 reading + etc Whenever you start doing some more practice, you can jump into a setup of 2 monitors or just 1 bigger one. It all depends on many things and IMHO is too personal to decide based in anyone else experience. I totally disagree with the idea of having 4 screen at the same time. Too much info. Only "professionals" with +5 or +10 years of experience will manage that amount of information properly. Most of the cases, they will do more wrong than good.
  13. 2 points
    I have looked into this a little bit. The most common assumption as to why someone would use a specific route is because there could be an increase of execution speed on a trade. However, unless you are trading low volume OTC stocks or something like that, I am not sure that a custom selected route would outpace the SMRTL algorithm provided by IBKR. There is definitely a benefit in regards to share volume though! Here Interactive Brokers has made links to all of the major exchange rates for adding and removing liquidity. If you scroll down to the "US Exchanges" heading and click on the ARCA link for example, it will open up a window that looks like this: If you add liquidity (by placing a limit order that isn't automatically executed) you will be compensated monetarily via rebates from the exchange you are executed on. In this case, if you were trading stocks that are normally traded on BBT, you would be compensated $2 per 1000 shares of liquidity you add on both NASDAQ, NYSE, and AMEX stocks. Here's the one for the AMEX route: As you can see, AMEX will pay an extra $0.40 per thousand shares over what ARCA will pay for adding liquidity. Unfortunately this is one of the easiest comparisons of exchanges of the bunch listed, but you get the idea. DAS has a short manual on how to add a particular route to your montage here. It is worth noting that this was only written in regards to the tiered commission structure, I don't know how being on the fixed commission structure affects it. Let me know what route you ended up choosing for the maximum rebate because I may just change my "Sell on Ask" / "Cover on Bid" hotkeys to it! And could you like my post so my reputation points can stop being 69? Lol. Enjoy!
  14. 2 points
    Hello Bear Bull Traders, This TradeBook is a collection of trading strategies that the moderators within our community trade throughout the day. It is designed to assist you in understanding the setups that our moderators discuss in the chatroom. The information contained within each of these strategies can also be used as a starting point in your own journey to create a personalized strategy. It is highly recommended that you begin testing any strategy in your simulator before attempting to trade with real money. Sincerely, Bear Bull Traders Team SEE BELOW THE UPDATED VERSION..... BBT TradeBook.pdf
  15. 2 points
    I had the same question and solved it by 1) Assigning a name to each chart (for example, i used “Chart_WL_1”,”Chart_WL_2”… and so on). 2)Assigning a hot key with the two parts. First setting focus on the first chart with the “FocusWindow [the name of your first chart]” command. The second part is assigning the time frame with the command “MinuteChart [time frame]”. In my case I have six charts that I want to change at the same time with one hotkey, the script to change to five minutes looks like this: FocusWindow Chart_WL_1; MinuteChart 5; FocusWindow Chart_WL_2; MinuteChart 5; FocusWindow Chart_WL_3; MinuteChart 5; FocusWindow Chart_WL_4; MinuteChart 5; FocusWindow Chart_WL_5; MinuteChart 5; FocusWindow Chart_WL_6; MinuteChart 5; Hope this helps.
  16. 2 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.
  17. 1 point
    Hello BBT crew, I'm heading into my second year of trading and am reading Thor's amazing book now. Miah. I imported the think script you made for Thor's pivot points. Thanks so much for creating that! Do I have to do anything else to utilize the data? When I imported the script the candles got very small. Is that to be expected? I'm so grateful to be part of the BBT community and I learn so much from our chatroom. Thanks again folks, Tony M
  18. 1 point
    This is well said Davis. After so many years of day trading I still wasn’t able to find person who really day trade for a living. On the opposite I found many who claim they do but they sell courses or couching. The question is why they waste their time and energy on courses, chat rooms and all that when they can focus their time and energy on trading and their personal life. Of course some people do really want to help others and find enjoyment and pleasure in that but it is definitely unusual that everyone who claims that makes money day trading always has something to sell.
  19. 1 point
    I am new to BBT. I am going through the education centre and currently on the 3 section. Is it nessecary to have DAS trader Pro at this time even tho I havent even started into the simulator? Thanks, Trevor
  20. 1 point
    Please note the new date for this meetup is Nov. 25 2022.
  21. 1 point
    Hi Adam! I'm interested in the group study on Thor's book.
  22. 1 point
    Hi Adam, My name is Jeff Podell and would love to be part of working group on Thor's book. please let me know - many thanks and my email is [email protected] thanks again, Jeff
  23. 1 point
    Hello! I'd love to participate in the group study!
  24. 1 point
    He is just now in Europe. Would be nice if he made a Meet up here.
  25. 1 point
  26. 1 point
  27. 1 point
  28. 1 point
    I'm interested in the Group study
  29. 1 point
    Does DAS have a snap feature that allows horizontal lines to snap to OHLC of candles to make drawing them faster and more accurate?
  30. 1 point
  31. 1 point
    Hello to everyone. My name is Nathaniel Fischer and I am new to BBT. I bought Andrew's book about 7 or 8 months ago as I have been interested in day trading as a new career/business path. I knee that day trading wasn't a joke or an easy set of skills to master. I have been studying the free online content but I haven't taken the plunge to become very serious about it until the last few days. Having spoken with my wife who has been very supportive but also pushing me to get over my fear of the current economic market. So here I am and ready to give everything I have. Any advice and introductions would be much appreciated. Sincerely Nathaniel Fischer
  32. 1 point
  33. 1 point
    Hello BBT Team! My name is Fred. I am a military veteran working as an analyst in Arizona. I have a bachelor's in biochemistry but switched careers and am working on a master's in global supply chain. I was introduced to trading by some friends who dabbled in Robinhood and Webull. After seeing their eagerness to get rich and failing, I realized that there was more to this business than they made it seem. I come from a family of hard working immigrants who had to hustle their way to America and live the American Dream. Now that I have a family, I want to make sure their financial future is stable. That being said, as discussed in Andrew's book, I am approaching this membership and training opportunities with the same rigor as organic chemistry. This community is unlike many others I scouted. I am eager to learn with everyone, grow with fellow new traders, and wear down the doorsteps of the wise traders to pick their brains and, hopefully, get interactive constructive criticism and advice. Why did I decide to start trading? The more I contributed to my retirement, the more I realized that, one, I was not the one deciding what stocks to invest in (even though I get to choose what retirement plan), and two, I would not get to realize any profits until retirement age. My goals are simple, though the list is long (there is a logical progression to these goals). Start off small, perhaps with CMEG. Develop sufficient fundamental trading skills to the point of them being second nature. Practice frequently with the simulators/paper trading while doing my best to simulate real-world training environment. Prioritize risk management and trade psychology. Finally, become a professional in the field while making considerable profit. I have a list of books I am currently reading that fall into one of three categories: 1. Technical Skills of Trading, 2. Trade Psychology, and 3. General market knowledge and investing. 3 is important because this is a completely new field for me. As an analyst, I don't just push buttons, spit out numbers, and generate reports. As the title implies, I must have a keen sense of analysis and spot trends/patterns to make important decisions. I am approaching trading with the same mentality. Book list: 1. How to Trade for a Living - A. Aziz 2. Technical Analysis of the Financial Markets - J. Murphy 3. The Nature of Risk - J. Mamis 4. Trading for a Living - A. Elder 5. Winning on Wall Street - M. Zweig 6. Trading in Zone - M. Douglas 7. Stock Market Wizards - J. Schwager 8. One Up on Wall Street - P. Lynch 9. The Intelligent Investor - B. Graham Glad to be here, Fred
  34. 1 point
  35. 1 point
    I admired the other traders that post their trades on the BBT site. I have been trying to get the courage to start. If I am embarrassed to post the trade, I shouldn’t have taken it. So I want that consequence on my shoulder. So I promised myself when I switched from Etrade-pro back to DAS, which is much easier to journal, I would post my trades. I have been live for 3 months now. First week live on DAS. 1st week of February Risk: $25/trade Max allowable trades per day: only 1. I am having an over trading issue that I am trying to resolve. So I have a self-imposed limit of one trade per day. Friday 2/1/19 Well being score of 5.5/10. My one allowable trade was with FB. I do apologize for the chart. This was my last trade with Etrade-Pro which doesn't automatically show entrance/exits. The tech level I drew at 167.51 was too weak to act on (that is why I drew it in yellow - stronger ones are orange) so I let it go by. After the 2min candle the price sat for awhile, until it started to move and I went long. I took a partial at 1R. Price just missed the second partial at 2R by a few pennies. The 5th 1min candle spooked me and I exited. Monday 2/4/19: I gave myself a “well being” score of 4/10, which is below allowable limit to trade live. So I traded on SIM. Made 3 good trades, but since they were on the sim I won’t journal them here. Tuesday 2/5/19 Well being score of 5/10. My one allowable trade was with AAPL. A very bullish 2min candle was created and I went long as it passed the recent premarket high. I didn’t have a strong technical level for the entry or exit so I cut my shares in half (so only a ~$12 risk). Got lucky on the last exit. Wednesday 2/6/19 Well being score of 5/10. My one allowable trade was with MU. Stock made a nice ABCD inside the 5min. I was going to wait for the 5min candle to finish, but when it made a new high on increased volume I went long at 9:33am. It fizzled quickly and I got all out when it looked like it was reversing. Thursday 2/7/19 Well being score of 5.5/10. My one allowable trade was with TWTR. I made a mistake on this one. But, it didn’t cost me much to learn a good lesson. I have learned to be sloppy when zooming in on a chart not to look carefully at the tech levels because Etrade always lists the next level you drew on the edge of their chart. So you always know the next level with a quick glance. So I was careless when zooming in on TWTR and caught the 2nd tech level and not the first. The price dropped below the tech level I was going to short on, but I thought the risk/reward was so large I let the price make a new low of the day. Once that happen I shorted. Once the price dropped a little the real tech level appeared on my chart and I realized I trade now has a 1 to 1 risk/reward ratio. If I was aware of this level I would have shorted at the 31.1 level I drew where the risk/reward was OK or just not trade it. Usually, when I realize the risk/reward is wrong I get out of the trade. This usually occurs when you get a bad fill. But, since the price was moving in the right direction I waited for the 1st tech level to close the trade. It missed by a penny and retraced. Since this is not a real trade anymore, just one I am trying to get out, I stopped out at break even. Friday 2/8/19 Well being score of 6/10. My one allowable trade was with MU. The tech level I drew and the 1min VWAP coincided making it a strong tech level and I really like it when the 1min VWAP and 5min VWAP get a large separation. I took the trade at the 1min VWAP and made the 5min VWAP the first target. This trade had a very tight stop out level (just below 1min VWAP). I took the first partial at the 5min VWAP with the plan to take the next partial at the 2nd target (200MA). But, I got cold feet and made the 2nd partial in the middle of nowhere. Then all out a few cents below 200MA. It's interesting what a different perspective I get on my own trades when I post them like this. After what I thought was a good week trading and was reasonably happy after reading my journal entries, I now look at the these trades posted and I am not really proud of any of them. They look quite haphazard and not well thought out. The Friday trade with MU would be the closest, but not quite. Something for me to think about. Thanks for reading, Rob
  36. 1 point
    I would like to meet up. I am a beginner (beginner!) trader and it would be nice to get some support and discuss. I’ll be out of pocket until next Tuesday because we are in the process of moving back to Texas. What days/times good for you all? Where are y’all located?
  37. 1 point
    I'm having a substantially easier time working with the current margin requirements. So much so, that I actually have updated this table to reflect more accurate numbers. Year $ Gain Risk Bump +10% Intervals Risk Per Trade 0.05% Goal Amount 5R Weekly Amount Monthly Amount $ 46,328 $ 25,000 $ 25 $ 125 $ 625 $ 2,500 $ 27,500 $ 28 $ 138 $ 688 $ 2,750 $ 30,250 $ 30 $ 151 $ 756 $ 3,025 $ 33,275 $ 33 $ 166 $ 832 $ 3,328 $ 36,603 $ 37 $ 183 $ 915 $ 3,660 $ 40,263 $ 40 $ 201 $ 1,007 $ 4,026 $ 44,289 $ 44 $ 221 $ 1,107 $ 4,429 $ 48,718 $ 49 $ 244 $ 1,218 $ 4,872 $ 53,590 $ 54 $ 268 $ 1,340 $ 5,359 $ 58,949 $ 59 $ 295 $ 1,474 $ 5,895 $ 64,844 $ 65 $ 324 $ 1,621 $ 6,484 $ 71,328 $ 71 $ 357 $ 1,783 $ 7,133 $ 145,397 $ 78,461 $ 78 $ 392 $ 1,962 $ 7,846 $ 86,307 $ 86 $ 432 $ 2,158 $ 8,631 $ 94,937 $ 95 $ 475 $ 2,373 $ 9,494 $ 104,431 $ 104 $ 522 $ 2,611 $ 10,443 $ 114,874 $ 115 $ 574 $ 2,872 $ 11,487 $ 126,362 $ 126 $ 632 $ 3,159 $ 12,636 $ 138,998 $ 139 $ 695 $ 3,475 $ 13,900 $ 152,898 $ 153 $ 764 $ 3,822 $ 15,290 $ 168,187 $ 168 $ 841 $ 4,205 $ 16,819 $ 185,006 $ 185 $ 925 $ 4,625 $ 18,501 $ 203,507 $ 204 $ 1,018 $ 5,088 $ 20,351 $ 223,858 $ 224 $ 1,119 $ 5,596 $ 22,386 $ 456,318 $ 246,243 $ 246 $ 1,231 $ 6,156 $ 24,624 $ 270,868 $ 271 $ 1,354 $ 6,772 $ 27,087 $ 297,954 $ 298 $ 1,490 $ 7,449 $ 29,795 $ 327,750 $ 328 $ 1,639 $ 8,194 $ 32,775 $ 360,525 $ 361 $ 1,803 $ 9,013 $ 36,052 $ 396,577 $ 397 $ 1,983 $ 9,914 $ 39,658 $ 436,235 $ 436 $ 2,181 $ 10,906 $ 43,624 $ 479,859 $ 480 $ 2,399 $ 11,996 $ 47,986 $ 527,844 $ 528 $ 2,639 $ 13,196 $ 52,784 $ 580,629 $ 581 $ 2,903 $ 14,516 $ 58,063 $ 638,692 $ 639 $ 3,193 $ 15,967 $ 63,869 $ 702,561 $ 703 $ 3,513 $ 17,564 $ 70,256 $ 1,432,120 $ 772,817 $ 773 $ 3,864 $ 19,320 $ 77,282 $ 850,099 $ 850 $ 4,250 $ 21,252 $ 85,010 $ 935,109 $ 935 $ 4,676 $ 23,378 $ 93,511 $ 1,028,619 $ 1,029 $ 5,143 $ 25,715 $ 102,862 $ 1,131,481 $ 1,131 $ 5,657 $ 28,287 $ 113,148 $ 1,244,630 $ 1,245 $ 6,223 $ 31,116 $ 124,463 $ 1,369,092 $ 1,369 $ 6,845 $ 34,227 $ 136,909 $ 1,506,002 $ 1,506 $ 7,530 $ 37,650 $ 150,600 $ 1,656,602 $ 1,657 $ 8,283 $ 41,415 $ 165,660 $ 1,822,262 $ 1,822 $ 9,111 $ 45,557 $ 182,226 $ 2,004,488 $ 2,004 $ 10,022 $ 50,112 $ 200,449 $ 2,204,937 $ 2,205 $ 11,025 $ 55,123 $ 220,494 $ 4,494,606 $ 2,425,431 $ 2,425 $ 12,127 $ 60,636 $ 242,543 $ 2,667,974 $ 2,668 $ 13,340 $ 66,699 $ 266,797 $ 2,934,771 $ 2,935 $ 14,674 $ 73,369 $ 293,477 $ 3,228,248 $ 3,228 $ 16,141 $ 80,706 $ 322,825 $ 3,551,073 $ 3,551 $ 17,755 $ 88,777 $ 355,107 $ 3,906,181 $ 3,906 $ 19,531 $ 97,655 $ 390,618 $ 4,296,799 $ 4,297 $ 21,484 $ 107,420 $ 429,680 $ 4,726,479 $ 4,726 $ 23,632 $ 118,162 $ 472,648 $ 5,199,126 $ 5,199 $ 25,996 $ 129,978 $ 519,913 $ 5,719,039 $ 5,719 $ 28,595 $ 142,976 $ 571,904 $ 6,290,943 $ 6,291 $ 31,455 $ 157,274 $ 629,094 $ 6,920,037 $ 6,920 $ 34,600 $ 173,001 $ 692,004
  38. 1 point
    @GreekTrade If the chat room isn’t mainly a distraction, you probably don’t have a strategy, or can’t follow it.
  39. 1 point
    ANOTHER UPDATE --- SOLVED MY PLATFORM DELAY ISSUE. WORKS GREAT!!!! So my issue with a few seconds delay between any order is finally fixed. In short, I installed the platform again on a completely different folder per recommendation from DAS. So I no longer have my platform freeze after every order or every time a pending order gets filled. It's a breath of fresh air....finally. Long story...my problem with seconds of delay freezing up my platform was feeling like it was getting worse....like 5 seconds where I can't do anything on my platform every time I place an order or when one gets filled. Finally I was playing around in SIM and Trade Replay and noticed the same thing happened, which is odd since it's just SIM and as far as I know, does NOT need any communication with TD. I had contacted DAS several times and tried all the usual things: updating platform, uninstall/reinstall, even changed my internet service provider for faster connection. Now that I made the connection of the delay happening in Trade Replay (I just recently signed up for replay), I knew it had to be my platform. I contacted DAS and they told me to reinstall in another folder and thankfully it now works as I hoped.
  40. 1 point
    Hello everyone, I joined BBT on January 1st of this year and it has definitely been an amazing decision! Prior to joining, I was subscribing to the YouTube channel and pre-market prepping with BBT on my Trading days (Thursday Mornings and Fridays) for about a good 6 months prior to pulling the trigger and joining BBT. October of 2019 marks the start of my learning journey. I have been on a mission for a few years now trying to find my way into entrepreneurship. I picked up some random books at the library after hitting some brick walls in my endeavor for some time. (The primary struggle being risk aversion due to my low income.) I had zero experience with the stock market and trading, but I keep a very open mind and decided to start reading a book on Trading Options. I was immediately enamored with this book and the newfound world of trading. The biggest draw being that one can learn without risking much or any capital. That concept was mind-blowing to me. I was in another trading group prior to this one and did not have a positive experience socially. I was essentially ignored or bullied for being a female. There was no in-between experience in which I felt like an actual member. Unfortunately, it is a common experience for other females in this field. In general, I have done a lot of work on myself to overcome social anxiety/low self-esteem issues so as you can imagine, the way I was treated was very damaging. I am very much a fly-on-the-wall here but am looking to change that. I know that it is essential to my success that I start socializing with like-minded individuals. I don't anticipate being bullied here but the hesitation to participate is still there. Thus far, learning to trade has helped me grow as a person. I have learned to put myself out there and take risks. In my previous group I learned to trade bear and bull triple leveraged ETF's for Natural Gas and caught on quite well, only trading the bearish ETF successfully (against the bullish trend). I was impressed, especially considering the fact I had zero structure or actual defined strategy in place. Those ETF's no longer exist, which is a blessing, because that has lead me to BBT and the concepts of finding stocks in play, structure, and probability amongst other critical things. I am currently testing my second strategy and hoping that this is it. The time and data will tell me the answer. I went into Trading with the idea that it could take me a couple of years to learn. I'm coming up on that 2 year mark, and loving and respecting the process of learning to become consistently profitable. Although I haven't found my strategy yet, I feel confident that I will. One idea I wanted to share that seems to be extremely helpful for me is recording my trading sessions. Once I started doing that a few months back, I feel that I am learning what works and what doesn't far better and faster. It is one thing to journal and look back at your trades with a snapshot and your afterthoughts but completely far more enlightening to essentially relive it as an observer. Although, I am only trading 2 days/week or less, I feel that reviewing my trading sessions via recording is really my game-changer. It truly has taught me that it isn't necessarily about the quantity of trades I am able to make, but the quality of my journaling and lessons from the experiences I've had.
  41. 1 point
    IB look set to move their London office, eliminating the PDT rule for UK and EU clients. See link for full details but from FAQ, Q: Will I be subject to the U.S. Pattern Day Trading Rule once my account is migrated? A: Accounts maintained with IBUK are subject to the U.S. Pattern Day Trading (PDT) rule as the accounts are introduced to and carried by IBL, a U.S. broker. The PDT rule restricts accounts with equity below USD 25,000 to no more than 3 Day Trades within any 5-business day period. As accounts migrated to IBLUX, IBIE or IBCE will not be introduced to IBL, they will not be subject to the PDT rule. But FAQ also say.. Q: What happens if IBKR does not receive the regulatory approval necessary to migrate accounts by December 31, 2020? A: IBLUX, while approved, it is subject to constraints on the permitted scale of its business and licensing for either IBIE or IBCE is therefore necessary to complete the migration prior to December 31, 2020. If a determination is made that neither will receive licensing in time, clients will be contacted with an explanation as to how their account will be treated at the end of the Brexit transition period. See here for full details. https://ibkr.info/en/article/3515?
  42. 1 point
    TastyTrade is legit and Tastyworks is also amazing. They make the whole option process so simple. With theta being a factor in spreads, it really makes swing trading much more controllable. As for the OP, I'm assuming they are talking about Long OTM Call options. If you for some reason come across a stock that is slowly trending down, and for some reason you know that it is about to have a major bounce, then you can get OTM call options for extremely dirt cheap. Make sure that the expiration date is 56 days out or more otherwise you may not see an increase in the price of the OTM Call option even if there is a major bounce. Also make sure it is 56 days out or more because the theta really starts to work against you any sooner than that, so there is significantly less love in being wrong on the timing of the bounce. It is a good idea to have a delta of .15 or higher because of the aforementioned lack of responsiveness to price movement if it is too unlikely to hit the strike price. IMO it is probably better to get an OTM call option that has a very good chance of being in the money at the top of whatever bounce you are expecting, so that you can hold onto it if the trade continues to work. If you don't do that then the theta and implied volatility will swiftly chop your profit and your head off in the middle of the trade. Also trade management for Long OTM options (with a relatively close expiration): profit NOW is way better than profit later. Unless you are in the money: then profit now is still better than profit later. If you think you'll make an extra 15% if you hold on, just get out. If you think you'll make an extra 100% if you hold on, then consider holding it very strongly, and then sell half. Also anyone that says you can't make money consistently from long call options (including Tom Sosnoff) is almost always talking about at expiration. Duh. It is true that it is difficult to make money with OTM call options because there are lots of factors and you need to be right basically immediately. However, not for one second, does that mean you can't do it consistently. It just means you have to do it with these things in mind. I'm not an expert, but I did make 25k in two weeks from 3k with OTM options once. LOL.
  43. 1 point
    For anyone that uses Thinkorswim I have some scripts that automatically plot the previous day open/high/low/close and also the premarket high/low like DAS does on Andrews charts. They only show up on intraday charts, so they disappear once you go out to a daily chart like 6 months, etc, but I only really care about them on the intraday chart anyways so for me its not a problem. These will be "Studies" that you can add to your charts, and there are different options, so you can set them up how you want. You can choose if you want any of the open/high/low/close lines to show or not (i just use HLC), change the colors, bubbles/titles, line styles, etc. There is also an option on the OHLC study to select how many days back you want it to go. So 1 is yesterday, 2 is the day before, etc. On Andrews DAS he has yesterday and the day before, so I've copied that and add two of the OHLC studies to my chart, one for yesterday (1) and another for the day before (2). The premarket HL study just goes back to todays premarket so theres no option for days back, but you can tweak all the other stuff like the OHLC study. I'm also sharing the Flexible Grid that I use for my Charts in case anyone wants to give it a try. I pretty much copied the layout of Andrews DAS, although its a little different because, well, its a different program haha. Got it close enough though haha. I'll attach a screenshot so you can check it out first. Depending on your screen size you may have to adjust some of the sections a bit. Couple other things to note, for some reason TOS has some sort of bug that displays the top right section where I have the buy/sell buttons all weird when I open TOS in the morning. I have to hit the little gear logo for that section, then hit the Restore button, then OK, for it to correct itself. Same thing happens with the price ladder gadget in the bottom right. Since I have the position summary already in the top right I hide it in the ladder section, but you have to hit the mini gear to do that. Kind of annoying, but it is what it is. Oh, and for some reason the Level II in TOS charts has the price, net change and % change repeated 3 times all together. I have no idea why they do that. Personally I just detach a Level II gadget and pin it over this section since the gadget doesn't have that issue and looks cleaner. I've brought all this up to the TOS support so hopefully they fix that stuff someday. If anyone else wants to let them know as well you can email them at [email protected] Maybe if they get more people asking they'll actually fix it haha. Ask for customizable hot keys too haha. Heres the links: Previous OHLC: http://tos.mx/LPErUa Premarket HL: http://tos.mx/P9a56y Andrews DAS Style Flex Grid: http://tos.mx/avIx9s To load these go to the top right Setup Gear and choose Open Shared Item. Paste in these links and then you can then rename them whatever you want. Alright this got a lot longer that I was planning. Sorry for the rambling. Hopefully this helps though. Someday I'll switch to DAS haha, but for now it certainly saves me time in the morning plotting all the previous HLC and premarket HL levels. Let me know if you have any questions. Screen shot of flex grid:
  44. 1 point
    Your stop is really tight. Are you going for a quick scalp trade? The alternative is you adjust your position size to accommodate a wider stop and if the position is working, you add to it. Keep in mind that once an order is submitted and on the book, MM's tend to knock you out, especially if it's a tight stop and you are too early on the large wave of order that make the price move in a direction. That's why i am suggesting above because you don't show your entire hand to the MM's and you can be "mask" your true intention.
  45. 1 point
    Skip this post if you don't have a StreamDeck and / or aren't comfortable doing custom macros in your SD config. Advanced Uses: If you're adventurous and own a StreamDeck, you can do the swap automatically (so place once and then return to your default). In this example, I have the following DAS Config: Default Line: ALT+D (this is: HorizontalLine, DotLine, Black, 1px) Green Line: ALT+G (this is: HorizontalLine, DotLine, Green, 2px) Horizontal Line Tool: CTRL+ALT+L Using a StreamDeck extension "SuperMacro" (by BarRaider), I setup a "Super Macro" (type) hotkey in Stream Deck with this script in the Short-Press Macro box: {{CTRL}{ALT}{L}} {{ALT}{G}} {{LBUTTON}} {{ALT}{D}} Now, when I'm on the chart, I hover my mouse pointer over where I want to place a special line (like Moving Averages on the Daily Chart), I can simply hit my GREEN-LINE Button and it'll: Trigger the Line Tool --> { {CTRL}}{ALT}{L} } Set Line Config to Green --> { {ALT}{G} } Send the Left Mouse Button --> { {LBUTTON} } Set Line Config back to my Default Line { {ALT}{D} } Thus, it's a one key operation to place the special color line.
  46. 1 point
    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
  47. 1 point
    Do you have the latest das software? if not might need to upgrade it. also it depends on your das description i believe but if you should be able to see it you can find it under: Quotes ->fundamental a window will pop up where you can enter the ticker or you can link it to your montage using the anker. information including float is visible here
  48. 1 point
    Hi All, I created this topic so that Trader's can share their real time experience/journey in the world of Live Trading or with Bear Bull Traders. I find myself fortunate to be able to share my story as well as my 2 cents on the learning I have had from the mistakes till date. To start with, a brief about myself : My name is Paras Jandwani, 29 yr old, basically from India but have been settled in Washington DC, USA for the past 5 years. I have been working with a Tech company named Accenture (Yep, not a full time Trader yet) as a Solutions Business Consultant for the past 9 years. From a very young age itself I was interested in Stock Market, following tickers and watching business programs etc. However, for some reason may be social pressure could never make a career in finance (no regrets though). Anyways long story short I opened multiple trading/Investing accounts back in India and invested money based on the FURU alerts or speculation. I eventually blew up my account 2 times leading me to take a break from Trading. Trading Journey with Bear Bull Traders (then "Vancouver Traders") It is always said that you can suppress your passion but can never wipe it out from your life. Since I had already moved to USA, the passion of making a living out of the stock market led me to look for options available to me to learn and explore the US Market. It was around August 2017 when I found your book on amazon with the title "How to day trade for living" which I thought exactly met my need. I immediately bought it and was impressed with the simple concise way the book was written and detailed about everything that needs to be performed step-by-step to become a Stock Trader. Currently, with the huge amount of options, with data available on google, the beginner's struggle a lot with what needs to be performed and are really confused if anything offered to them is genuine or not. The book written by you clarifies all of these confusion and give a very clear head start for beginner's trading career. After I read the book, I immediately joined the Bear Bull Traders (then Vancouver Traders) community in September 2017 and followed almost every small suggestions/guidance provided by you in the chatroom. I traded in SIM for 4 months and went live in Feb 2018. It's been almost 9 months live (every trading day from 8:30 am to 12 pm EST) and looking at the past where I was down with more than $ 6k in losses around the mid of June 2018 and gradually coming back to break even in Aug 2018 and currently sitting at a net profit of $ 3.5k.The figures might not seem big as I have always been a very risk averse Trader and when I started I used to trade with a volume of 20-50 shares for high priced stocks such as TSLA and 100-200 shares for mid-float stocks (I never traded low-float stocks, till date). Currently, I easily trade 500 - 750 shares/trade for mid-float and 200-300 shares/trade for high priced stock. I think every trader has to pass through a learning curve and should respect the process. I have made my own mistakes and learnt from it. I am still learning every day and happy to be able to lead my passion. Hope to be successful one day and trade full-time. Below are some of the items that I learnt during the process : 1. You just need to master 1-2 strategies to be able make consistent money. (I tried multiple different strategies (not just from the book) to create an edge and ended up with being more confused) 2. Volume sizing should be a privilege and should be increased gradually in 10-20% every time when you are confident enough.(At the time, when I started making consistent profits with small volume of 100-200 shares I immediately started trading with 500-600 shares at a time which led to a lot emotions taking over leading to consistent losses) 3. Say NO to Averaging Down ( This type of trading saves you almost 90% of the time but would wipe out months of profit in a single day when it doesn't work. Been there and learnt it the hard way) 4. Higher number of tickets DO NOT guarantee higher profits. (I have a rule to Stop trading once I achieve my profit target or my max loss or 30 tickets/day. Number of tickets/day have saved me rule has been a very important for me to take selective trades. I remember my reckless/revenge trading having 223 tickets on one of the trading days which cost me hundred's of dollars in losses.) 5. Rules are meant NOT to be broken. (Almost every single time I broke my rules I paid the price for it) 6. Being patient with the winners and impatient with the losers. ( Almost every single trader faces that. I was very impatient with the winners and patient with losers which made my losses bigger then my profits) 7. Setting the stop loss right to either an indicator/support/resistance level (Had a very bad habit of setting the stop loss at the level based on the loss I was willing to take) 8. Importance of Journaling. (I use a software named Edgewonk for Journaling. My past chunk of trades gave me the indication that my win rate between 9:30 and 10 am is 76%, between 10 and 10:30 is mere 24% and 10:30 to 11: 30 is 64%.This was an eye opener for me. I almost immediately stopped trading between the time where my win rate was the lowest. This really helped me in maximizing my profits) All the above mentioned experience wouldn't have been possible without a person who is a guide and a mentor, none other than Andrew!. I hope to continue learning from him and find myself fortunate to be a part of an amazing trading community.
  49. 1 point
    You need to zoom out to see more. Down arrow or minus sign. Or you can change the hotkey command for F1/F2 to default to a certain number of bars. Like this: F1: MinuteChart 1 1d; NumBar 30; F2: MinuteChart 5 1d; NumBar 24
  50. 1 point
    Hi Mario, Falcon builds really quality systems, but they do come with a pretty high price tag. I am an IT consultant so naturally, I have the skills for this lol. I built my own machine with parts from my local computer store (Microcenter) for around $2,500. Mind you, I went completely overkill because my trading platform (Tradestation) is a real resource monster and you need to have some heavy processing power in order for it to run properly. DAS isn't as nearly intensive as TradeStation, but you do want to ensure you build something that won't become obsolete in the next 2 years. Especially with how frequently Microsoft is updating Windows 10, each update comes with a bit of a hit on certain areas of performance. Also just be mindful that the more monitors you wish to add, the more power you will need. Here's my system: 1x Intel i7 6800K CPU (processor) that is water-cooled and overclocked to 4.2 GHz. 32 GB's of high performance RAM 1x Samsung EVO 950 Pro (NVMe), 256B SSD (Solid State) - For Windows and applications 1x Crucial 525MX, 525GB SSD - For profile data and basic user data 1x Western Digital 3 TB 7200RPM Mechanical drive - for bulk data like image files 2x nVidia GTX 970 video cards 1x Corsair H110ti water cooler (for CPU) 1x Asus STRIX X99 Gaming motherboard 1x Corsair 750 Watt power supply 6x Acer 24" LED LCD monitors mounted on a HEX stand that is mounted to my desk 1x NEC monitor that is rotated for portrait mode and has the chatroom, Outlook and other apps on it 2x Dell keyboards. 1 keyboard is used for normal input, the second keyboard I used a free program called HIDMacros that allowed me to program any key to executed a macro or command. So the number pad on my second keyboard handles all of the order entry commands for my platform. Windows 7 Pro Remember, I went overboard because of my platform and since I am an IT guy, I figured "why the hell not?". Plus, it was a business write-off :) You will often find that "gaming" computers are best suited for day trading, but they sometimes have video cards that are complete overkill. As I mentioned above the specs of my machine, the more monitors you wish to have, the more video processing and hardware power you will need. MOST video cards can support up to 4 monitors on 1 card. If you want more than 1 monitor, than you will likely need 2 video cards. On-board video may be an option, but some manufactures will disable the on-board video if an add-on video card is detected. However, here's a breakdown of the BARE MINIMUM you need for a decent trading workstation: Processor (CPU): Minimum of an Intel Core i7 series processor. Most of these processors are fine and the latest generation (7th generation) is sufficient to handle the load. Ideally you want a processor with a higher clock speed (measured in GHz) as this will crunch numbers and data faster. Memory (RAM): NO less than 16GB's (Gigabytes) of memory. 32 is perfect, but 16 will do the job as well. The more memory you have, the more responsive programs are and the more space a program is given to store instructions that it needs quickly. Storage (Hard Drive Space): Hard Drive capacity is measured in Gigabytes and sometimes Terabytes depending on the type of drive. This isn't super important to your trading computer unless you plan on using your trading computer for other tasks, at which point, you will likely need more space. However, the most important take-away here is you want your primary hard drive (the "C-Drive" where Windows and your programs live) to be a Solid State Drive (SSD). These come in many forms, but the BEST option here is what is called an NVME drive. This type of drive plugs DIRECTLY into the motherboard. These are the fastest drives available now. The other type of solid state drive which is still a good option and good enough for trading is a regular 2.5" solid state drive that connects via a SATA data cable to a SATA port on your motherboard. This isn't as fast as the NVME drive you plug directly into your motherboard, but if you are on a budget it will suffice. The third and final type of drive to avoid unless you need a buttload of space is a standard 7200 RPM mechanical drive. These are the drives that have been around forever and the drives that moving parts (they have discs in them that spin around). These drives are slower and have a higher failure rate. Motherboard: The motherboard is the most important piece to the puzzle here since it connects all of the components and makes them "Talk" to each other. Naturally, you want a board that is compatible with your processor but also powerful enough and offers enough expansive capacity to ensure you will be able to add more memory (RAM), additional hard drives, and most importantly, additional video cards if needed. Once again, most of the gaming motherboards will fit the bill here. If you plan to have more than 3-4 monitors then you will need to ensure the motherboard you get has the ability to add another video card. You will want a board with at least 2x PCIe (PCI Express) x8 slots. Newer boards have x16 slots which is even better (the x8 or x16 signifies the speed at which the port can operate. Newer cards need the higher speed to operate more effectively, but this is more for gaming than trading). Also ensure the board offers gigabit LAN. This is a default on almost all boards nowadays, but I have seen a few lower-end boards that only offer 10/100 speed for the LAN (rather than 10/100/1000 or 'Gigabit'). Video Cards (GPU): I discussed this above with how many monitors you plan to add to your system. I prefer the NVidia cards as they are reasonably priced and they offer lots of power. You do not need the absolute latest $700 video card that has 5 GB's of RAM. This is total overkill (unless you plan to game). Any of the lower-end 10x series or even the higher numbered 9x series cards will do the job. Each of the video cards will be independent. Gamers tend to use what is called 'SLI' to make 2 cards act like one, but that is not the case here since we just need extra monitor space. Just be sure if you want more than one video card you see my notes on the motherboard above. Case: The case is something that you can have a little fun with. This is where all of the pieces of the computer live. People tend to get creative with these and get cases with windows and lights and all sorts of fancy stuff. This is entirely up to you. The most important take-away on the case is that it MUST support proper cooling. Most cases have 2x 80mm or 120mm fans in them. The more fans the more air is moving through the case to keep the internal components cool. If your goods overheat, then your machine will shut down and could potentially fry. So make sure you find a case with decent cooling capacity. Power Supply (PSU): The power supply or PSU is what provides power to all of the components. There are calculators out there that can help you determine based on what you plan to buy how large of a PSU you will need. My rule of thumb is do not go for anything less than 500 Watts. If you plan to have additional hard drives and video cards, then you will likely need a 750-1000 Watt PSU. Also, do not buy a cheap unit here. You want something that is robust and ideally, a modular power supply. These units provide the power to all of the components. If the PSU is providing crappy quality power, then you can expect crappy performance or fried components. Do not skimp on the power supply! Cooling: One final piece I am going to add here and it relates to everything else is that you need to ensure your system is properly cooled. A computer that is improperly cooled will perform poorly and you will end up replacing parts far sooner than you should. Proper cooling primarily comes from the case (discussed above), but other environmental factors such as location of the computer (is it near a heat vent, placed in a hot room, etc) will also affect the cooling. The processor is the most important component that needs to be cooled. Depending on which CPU you get, it will either come with a factory CPU cooler, or it won't come with anything. You DO NOT need to get a water-cooled system. This is ONLY for people like me who are a bit crazy and like to push their hardware to the absolute extreme. For day trading, a simple air cooler is more than enough for the processor. "Tower Coolers" as they are known do an incredible job of keeping the CPU nice and cool even under a heavy load. If you plan to go all out with high-end cards, a high-end CPU and you plan to game, day trade, edit videos and all sorts of stuff, then you will need liquid cooling. But the point of this thread is for a DAY TRADING system. so no overkill needed! I believe I about covered everything here. I probably made your head explode with even more questions, but that's what we are here for! I also apologize for the mess in my office in the pictures above. I need to re-organize my office at some point, but I had back surgery a few months ago, so moving anything is off the table for now. Although they do so that a disorganized desk is the sign of an intelligent mind.... Please feel free to ask any follow up questions. I didn't post links to specific hardware or websites since you can get this stuff from pretty much anywhere for very close to price. I have found that Microcenter is a lot cheaper than NewEgg and Amazon are. But if you don't have a Microcenter near you, you will have to order from elsewhere.
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