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  1. 21 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. 16 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 Requires DAS version 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
  3. 13 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.
  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
    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
  6. 7 points
    I have created a combined Playbook and Trade Planner that may be of use for some fellow members. I use it myself as a kind of cheat sheet to refer to prior to entering a trade. The idea was to store setups / strategies with picture examples in a single file that can reveal that example with the click of a button. An example of a cheat sheet is shown in the picture. In addition to the pictures of setups I have also defined some indicators / rules for each setup which refresh with the setup selection. I define the indicators on the "Strategy_definition" sheet and add pictures in the (hidden) columns on the "Plan" sheet. When a strategy is selected in cell D8 and the button is clicked, it refreshes the table of indicators and unhides a cheat sheet example picture for that setup / strategy. It is a bit slow to refresh. In addition I have added a trade planner table. I enter my intended STOP and entry price and the intended trade direction (Long / Short) and it refreshes the R:R table which provides me with the price levels that would need to be met to deliver a 2R trade and beyond. I like to compare these price levels to support / resistance levels I have marked on the stock and other technical levels and moving averages to assess the potential roadblocks at various prices. In addition I may throw in a rough trade management plan on a simplified level with Partials planned out. I include some other useful info like RVOL, the direction of the overall market etc whilst planning the trade. As a pretty new trader still in SIM I have found this has helped me to be more disciplined / patient. It also helps journal later as it gives an idea of what I was expecting before entering a trade. I just copy a new "Plan" sheet for every new trade and have one file for the trading day with several sheets. The setups I have included are my interpretation of setups mainly from the moderators success webinars. On that basis, take it as a disclaimer to check that you agree with my interpretation and test in SIM if you plan on using this. The file is an excel document and can be accessed via the Google drive link below. It needs to have macros enabled in order for the button to unhide the cheat sheet pictures to work. I have left some blank fields to allow a longer list of setups to be included. Any feedback, tips or suggestions for improvement are most welcome. https://drive.google.com/file/d/1wm5YohE7wgNn69IEGJrUBwBn1x52zPoW/view?usp=sharing
  7. 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.
  8. 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).
  9. 7 points
    I shared my thoughts on the classic ABCD/Flag strategy. This pattern presents itself in virtually every move, across multiple timeframes. The formation consists of: 1. Run-up/sell-off 2. Profit taking/consolidation 3. Continuation Let me know your thoughts!
  10. 6 points
    But wait! There's more! @Alastair @peterB I actually do have a hotkey that will place down R levels. It's a bit of a hack but it works! And being such a visual person, these are a godsend for helping me get to my R goals. The way it works is if you are in a position with a stop loss set, it utilizes your SIM account to place the target levels at 1R, 2R, etc. Look below - the green arrow is obviously my entry, and the blue arrow is my stop loss in my live account. And then when I hit the hotkey it will place two orders at 1R and 2R (orange arrow) with 1 share using my SIM account. Basically it does the math calculation for 1R and 2R, swaps the montage to my SIM account, places the orders, then puts the montage right back to my live account. The 1 share orders never get filled (I'm actually not sure why...), so as the price gets to the 1R and 2R markers you can take a partial or full exit, and it will be executed in your live account. After the trade is done just cancel the orders. Long StopPrice=AvgCost-StopPrice;Price=AvgCost+StopPrice;Share=1;TIF=DAY+;Route=Stop;StopType=Limit;Account=TRIBTXXXX;Sell=Send;Account=UXXXXXXX;StopPrice=StopPrice*2;Price=AvgCost+StopPrice;Share=1;TIF=DAY+;Route=Stop;StopType=Limit;Account=TRIBTXXXX;Sell=Send;Account=UXXXXXXX Short StopPrice=StopPrice-AvgCost;Price=AvgCost-StopPrice;Share=1;TIF=DAY+;Route=Stop;StopType=Limit;Account=TRIBTXXXX;Buy=Send;Account=UXXXXXXX;StopPrice=StopPrice*2;Price=AvgCost-StopPrice;Share=1;TIF=DAY+;Route=Stop;StopType=Limit;Account=TRIBTXXXX;Buy=Send;Account=UXXXXXXX
  11. 6 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.
  12. 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
  13. 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.
  14. 6 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~
  15. 5 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
  16. 5 points
    A lot of members in our chat is looking to find a program to record their trades. I've been using Das recording for a while now. I wanna share with you guys a tutorial video how to do it step by step. If you have any questions or need help feel free to ask.
  17. 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.
  18. 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.
  19. 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.
  20. 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.
  21. 4 points
    Hi Folks My name is Shannon - I'm from Calgary, Alberta, Canada. I'm typically a pretty shy person - but thought I'd reach out to the community and see where it leads - I'm quite excited to be a part of the BBT community. I stumbled upon Andrew's book last summer and was immediately drawn to his ability to humbly and clearly communicate information that I find is typically made quite technical and confusing. It led me to the website where I lurked around for a week. Once again I was quite impressed with the humility and helpfulness of not only the moderators - but the entire community. I watched a few trading sessions and browsed through the learning material and decided quite quickly that this was the environment that I wanted to learn to trade - I actually did not even look at any other trading communities - and I became a Lifetime Member. I've spent my entire career of 31 years in emergency services as a paramedic and firefighter. I'm eligible to retire in the next 12 months - not sure exactly when I will - and I've thought several times that Day Trading may be a perfect 2nd career. Fortunately - I have a plenty of time to patiently and systematically learn and practice the material. My dream is to become profitable as a trader so that retirement from my current career is a simple decision - and I can spend more time with my wife and family. Looking forward to this new journey!!
  22. 4 points
    Few users asked about this in chat, posting here so everyone can see how I do my ATR chart. 1) Create a new "Daily" chart 2) Download the linked .zip file and unpack it. --> https://drive.google.com/file/d/12JJGdg_SOeQVM-avM7_N-pNbDRQfN2wz/view?usp=sharing 3) Right-click the chart you created in DAS and select "Import Settings" --> Select the "ATR-chart-setup.cst" file you unpacked in #2. 4) You may need to select the chart and zoom all the way in for the effect to work. 5) Move the chart and place it where you want it. As a side tip, you can right-click the border and choose to hide the title-bar (making it smaller). I do it like this to fix a few issues .. DAS's ATR study doesn't allow you to hide the line on a chart and a chart must have either a volume or price study. If the chart is small, it'll make all of these lines behind the study info, making it hard to read .. if you make the line color white, it'll make the study color white. So I use the Volume Study with the same color as the background placed above the ATR studies to "hide" the lines. You then just need to zoom all the way in (should stay), and you'll end up with just the Study Info in the upper corner. Screenshot:
  23. 4 points
    Hi fellow traders. I would like to share with anyone who may find this useful or perhaps provide a helpful ‘head start’ into the world of Hot Keys. When I began to learn day trading and the importance of using hot keys, I created an editable PDF file which I would refine and develop as my trading progressed. To this day I still refer back to this chart as a constant reminder of my complex hot-key layout. One very nice thing about the PDF I am providing here is the fact that all the comment text boxes and red square boxes are ‘live and editable’. You can use this file as a head start to customize your preferred hotkeys vs. creating one from scratch. (Bit of a time saver) You will find that as you evolve your hotkeys, you will revise your PDF on the fly continuously making it more detailed and accurate for your desired use. Just a note; All I did here was take a photo of my actual keyboard and added some black space around it. I then saved a .jpg file and converted it to a PDF file. A few things I would like to point out here in hopes to answer some possible questions. This layout I am providing here is simply how I ‘personally’ have found to work for ‘my’ for my trading style. Yours can of course differ. - The text boxes Highlighted in ‘yellow’ represent the very active hotkeys I use most commonly - The colored stickers on the keyboard (purchased from a dollar store) are something I did to help me learn with clarity/confidence under pressure. Once you have used them for a while you will most likely find that you do not need colored stickers. Your hotkeys become natural to you. That day will come. - The hotkey scripts I am providing are based on using DAS trader version (and in particular IB as my broker). Please note to ensure that you test out all your hotkeys in simulation mode before you go live. Make changes as necessary. - From my understanding and experience using hotkeys in DAS Trader Pro Hotkeys associated with ‘stop order’ like actions DO NOT work in pre-market environments. (I do not know why). So use at your own discretion and ensure to test out all of them in the simulator environment. Perhaps now that I have done this, it might be nice for other fellow traders to share their hotkey layout and what works well for them. Be nice to see other trading styles. Happy trading everyone! And good luck! Uploaded; April 20 2019 Revision: 0 DAS HotKey Layout and Shortcut Scripts REV0.pdf
  24. 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.
  25. 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)
  26. 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
  27. 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
  28. 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
  29. 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
  30. 4 points
    All, I read an interesting thing yesterday, claiming that 66% of AMD's 5-Min ORB strategies work, which was apparently backtested over a number of months (and this 'news' item was several months old). I was skeptical to say the least. However, I decided to test the theory out myself, especially since AMD is in play quite often. It took a bit of work in Excel, and in historical charting software, and I stuck to the following rules & assumptions: SL set just beyond VWAP 25% partial at all R's, SL set at B/E after first R (Tested on 25% at R1, and then 50% at R2+, but it's less profitable in this instance) Based on 0.004 p/s commission structure, with $0.50 minimum per ticket ECN fees are *NOT* included I also only managed to do only 3 and a half weeks of back-testing before my conclusions were becoming a bit clearer. Here is the sheet for your reference (and if you wish to back-test stocks yourself). You can also customize your Risk Amount, and partial % factors. Summary Conclusion: Yes, indeed it does appear you get get 65-65% success rate on a 5-min ORB, at least on AMD. However, the returns based on the above assumptions and strictly sticking by the rules, are quite low. There are a couple of really nice days, but by and large the positive days are just meh. While many may not find value in this, I did want to verify the claim myself and after the work I put into it, felt it may be nice to share for other people's reference. Happy to receive any feedback. Thank You.
  31. 3 points
    Hi BBT traders, I wanted to share with you the tool i found and started to use and really love. It is called Tradersync - www.tradersync.com It is a web service as others and does really great job in importing trades and displaying various usefull statistics. I tried it to use with TWS (the Interactive Brokers trading platform) and DAS. Both import trades properly, which is sometimes problem with other tools. They suport imports from others as well. I have also reported several feature requests and improvments and bugs and they respond really quickly and implement the changes i wanted to better suit me. nice features - journaling day and trades separately - really nice graphs - works really quickly - can attach screenshots to trades - displays risks and rewards levels for trades (i like that the most) - can do what-if analyses so you can see what would be your performance if you avoid or focus on certain types of trades, times or prices - have mobile app to journal once you need to leave home after trading or just to have your stats in your pocket They provide a 7 days free trial with all the features so if you have some hundreds of trades already, just import them and check where your strongs and weaks are. I think this is now the tool to beat as i find it better than tradervue or edgewonk.
  32. 3 points
    Updated version.... TradeBook Master Complete March 2021 Version.pdf
  33. 3 points
    Who Am I?: My name is John and I am the newest member of Bear Bull Trader's Leadership Team. My favorite trade is the High-of-Day Break. In fact, they make up over 90% of my trades. Purpose: To share my High-of-Day break trades and discuss the reasoning for my entries, partials, and exits. Note: Check out my original presentation on High-of-Day break trading. I made it before joining the BBT Team (attachment in this post) Insights_From_A_Newly_Successful_Trader.pdf
  34. 3 points
    The two tools I have found helpful for this are: PowerToys FancyZones – Divide your screen(s) into equal parts. and AquaSnap – Drag and snap windows together. Using these tools can really help in creating custom desktop layouts without having to “eye-ball” it.
  35. 3 points
    Pierce and Fail - Trade Book (Work In Progress) Description: Pierce and Fail is a Trend Reversal Setup characterized by a Breakout through a Major Level of Support/Resistance with High Relative Volume, followed by a change in Sentiment and Momentum back through the Level as the Trend Inventory is Exhausted and must return to Value Areas to gain new inventory. Purpose: Reversal Strategy to use both as a Aggressive Scalp Trade with strong Risk/Reward (R/R) along with potential to Trend against initial entry. Using Volume Signals to help justify Entry and Stop Loss Area compared to arbitrary concepts that are not definite. Clear Risk/Reward; Quick Trade with Potential for Large Reversal. Observation: Kept observing stocks start by forming a Morning Range; once Range was broken (and retested), stocks tend to go in search of value. Stocks that have Higher Time Frame Trends and/or Ranges may have Intraday Transitions to Levels that provide signals for Reversal Strategies with a high R/R Probability. Concepts: Levels - Support and Resistance, Areas of High Interest based on prior Price Action Ex. Daily Levels (HOD/LOD), Inflection Pivots, Premarket High/Low, Whole Numbers, etc Ranges Support and Resistance Zones defined by Price Action moving between each Zone Transitions Moving from one Range to another, defined by a Low Volume Zone between Ranges Time Frame: 30 Minutes after Market Open until One Hour Before Market Close Indicators: Extended from 9 EMA on 5 Minute Chart High Volume Event(s) at Major Level Breakout is not sustained, Level 2 and Time and Sales shows Opposite Sentiment Confirmations: Reversal Candles on Smaller Time Frames Engulfing Pin Bar Wide Range/Resting/Pierce and Fail (Name Pending) Entry Signal: Price moves through Level on High Volume Sets a High/Low of that Breakout Returns through the Level (Level 2 and Time and Sales are showing Opposite Momentum to Trend) Entry at Level Stop Loss: Slightly beyond Breakout Price to avoid getting 'tagged' Target: Depends on Trade Management Moving Averages R Targets Pivots Avoid: High Volume Events that occur through Intraday Levels on Larger Time Frames Leads to Trend Continuation against the Reversal Setup Averaging Down if Price Breaks Below Stop Loss on Volume Sizing into a larger position once a second shakeout candle forms is acceptable, but be wary that if Price goes through the initial Stop Loss without returning to above the prior, the trend can continue against you quickly
  36. 3 points
    Hello everyone, My name is Tyler. I'm 29 years old and live in Nebraska. I'm a police officer and have been doing that for 8 years. I've always had an interest in day trading. I started off researching day trading about 6 months ago and read a lot of articles and watched a lot of YouTube videos. It took me a while before I came across the BBT Community and read Andrew's book but after reading the book and looking into BBT I knew this was the type of community and program I was looking for. I'm currently still working my way through all of the education sections and hope to start with sim soon. I look forward to meeting and learning with you all! Tyler
  37. 3 points
    Hola compañeros hispanohablantes ! @Abiel me comentó que sería buena idea enlazar aquí el video que hice para explicaros cómo uso las teclas rápidas en TWS con chart-trader, que es la herramienta de trading directa en el gráfico que provee la aplicación. Es bastante más potente que DAS y me pareció interesante compartirlo. TWS es una herramienta muy potente a mi parecer, que sólo se queda atrás en DAS para el scalping. Espero os guste ! Saludos, Pablo PS: @Andrew Aziz @Thor if you consider that this video might help others, we might try to translate it into English too
  38. 3 points
    Hi everyone! My name is Jeremy Olson. I live in Phoenix, AZ. My wife and I have 6 beautiful kids and we love spending time as a family. The kids are great (when they are getting along haha!). I am a CPA and tax director at a large publicly held trucking company. I started out my career as a CPA at Ernst & Young in Roseville, CA back in 2006 after graduating from Arizona State University's Masters of Taxation program. I was introduced to stock trading back around Sept 2019 by a co-worker that swing trades on Robinhood. I downloaded the app and got hooked. The potential to make money in the markets fascinated me but I knew that I had (have!) a lot to learn, so I Googled "best books day trading stock" (or something like that) and found Andrew's book. Then I graduated from RH to DAS and IB. It's been quite a journey so far. I basically tried going it alone for several months. I mean, I read a lot of books and had help in that sense, but I was not in the chat room or trading with anyone else. I had some success, but really more failure than success. But somehow I managed not to blow up my account, which is a good thing! So, I am still in the game, but I have been humbled by the market and I am going back to the basics. I am going to start over and do it right this time. I just finished "Class 1: How to Trade in Simulator and Introduction to DAS" last night. I am going to go through all the classes one by one, skipping nothing. My experience so far in trading reminds me of a similar experience I had in learning to play piano. As a kid, I always loved music and would play my parents old out of tune piano in our house off and on and taught myself how to play a few songs. They were challenging songs. I didn't start simple. I just went straight for the hard songs because that is what I wanted to play. I didn't want to do the boring stuff, I just wanted to play the cool songs right away. So it was challenging, but I pushed through and got to where I could play a couple moderately challenging songs. By the time I was about 38 years old, I never really learned to read piano music very well at all so I could not sight read anything. But I could, through painstaking difficulty memorize songs note by note and learn them that way. I had about 3 or 4 moderately difficult songs that I could play on the piano (or, at least thought I could play lol!), but that was all. Then I met a guy at a church activity that is a professional pianist/performer, the guy is phenomenal, truly a creative genius. His name is William Joseph. (I included a link below to one of my favorite songs he plays on the piano so you can see what I mean.) We became friends and he agreed to give me piano lessons (I had never taken lessons prior to this, well, I think I had 4 or 5 lessons as a little kid, but never stuck with it - I was almost 100% self-taught). At the start of my first lesson, William asked me what level I felt I was at as a piano player. I told him I felt like I was not a novice, but not advanced either, somewhere in between. Then he asked me to play something for him. He was kind to me and said that was pretty good, but I think he was lying because after that he started me on my first song, "Twinkle Twinkle Little Star" lol! For reals, not an embellished version or anything, just the simple one note version, the melody only, no chords, nothing, just the melody. He wanted to take me back to the basics because everything I had taught myself to do up to that point was basically wrong, incorrect technique. I might have been hitting some of the right notes, but I was way too tense, and my fingering was all wrong, etc... He had me simply hold my hand above the keys and let it fall down on the notes and do that repetitively until I gained the muscle memory of being able to play the piano in a more relaxed way. He explained that I would never be able to progress or play very fast if I did not fix my technique and learn to loosen up. So, I had to go all the way back to Twinkle Twinkle Little Star to unlearn my bad habits and relearn new ones. I had to learn all the muscle memory the correct way, so I then had a foundation to build upon. I am now still not to the level of a concert pianist and probably never will be, but playing the piano is so much more enjoyable. Now when I play, I feel like I can make real music, not just plunk out notes. Anybody can learn to hit certain notes at certain times, but not everyone learns how to truly make music and make it come alive I relate this to learning day trading. I do not want to learn bad habits, so I am going back to the basics now and even though I feel like I know some things, I am going to be totally open and humble as I go through each one of the BBT lessons and all the webinars. I am going to keep a journal and make my playbook, etc...do everything the right way taking no short cuts. Let's see how far that will take me! There is something very familiar to me watching Andrew trade the open in the mornings. It reminds in a lot of ways of watching William play the piano, true genious at work. There is something intangible that they both have that is hard to define, but you know it when you see it. It's inspiring. Here is a link to William playing the piano so you can see for yourself how amazing he is! Here is me at my trading desk (The laptop on the far right is my work computer - been working at home since the start of Covid-19. The top right monitor is also shared with my work computer and my trading desktop computer. There is an HDMI switch, so I just hit the button on the switch and the top right monitor switches between being connected to my work computer or my desktop computer. There is also a switch to trade my keyboard and mouse between work and desktop computers, so I have just one keyboard and mouse to use for both):
  39. 3 points
    Some users asked about this in chat a while back and as I was writing up the documentation on how to do a dual-copy of DAS Trader Pro -- one version for Sim and another for Live -- I realized that it had some complexity which may have made it difficult for some end-users. So to remedy this, I wrote a script to do it for you. I did this with batch / powershell commands (it's been awhile, so not eloquent at all) so that users can see what is going on (no tomfoolery with your accounts). What Does It Do: It's a Windows 10 (if Mac users exist, your mileage may vary) script that will: Makes a mostly symbolic copy of your DAS Trader Pro install (it'll copy over the Config.cfg file, since we need to change a few things) --> If your DAS install is C:\DAS Trader Pro\ it'll create a C:\DAS Trader Pro_Sim\ folder. By default, only the theme folder and .exe exist in the new folder install (the SIM version will check for a version change on the .exe and copy it over as needed for when updates occur), the rest is symbolically linked via the file-system to the main install. This is done so that items carry over their settings (Trendlines, Desktop Layout, Hotkeys, etc.). This is beneficial because if you use the default config then all layout, chart, trendlines, hotkeys, and other options stored outside of the Config.cfg file will be the same in both versions. You can change this behavior with options (more on that in setup below). Right now, options exist for: Desktop Layout (default.dsk), and the Hotkey File (hotkey.htk). Change the background of the simulator install (for better visual recognition). [optional] Add A Sound Alert for the Simulator version when a LIVE account trade is made in it [auditory recognition]. [optional] Add a Sound Alert for the Live version when a Simulator account trade is made in it. Example Image Notes / Prerequisites: If you set your account via as part of hotkey scripts (e.g. "ACCOUNT=U#######") you will want to change those values in your hotkey.htk file and also toggle the config.ini setting for separate_hotkey_file to "separate_hotkey_file=1" (instructions below). I assume most users won't need to this do. How Do I Use It?: Glad you asked. Download the zip file linked below and then follow the instructions here. As a precaution, I recommend you make a backup copy of your DAS install. Easiest way is to go to the folder that contains your DAS install, right-click it, and select "Send to Compressed Zip" .. if your install is in C:\, you'd right-click the "DAS Trader Pro" folder there. Unzip the downloaded file to a directory. If you use the DAS default install location of "C:\DAS Trader Pro\" - and / or - wish to have the defaults, skip to step 3. If you don't use that location, continue reading this part. Go into extracted directory and edit "config.ini": Config Available: ⓐ directory=C:\DAS Trader Pro This is the location of your DAS install. By default, it's C:\DAS Trader Pro as that is the DAS default. ⓑ separate_desktop_file=0 This is if you want to have separate Desktop.dsk files for SIM and LIVE. By default, it's the same layout. To use separate desktop files, set this as: separate_desktop_files=1 ⓒ separate_hotkey_file=0 This is if you want to have a separate Hotkey.htk file for SIM and LIVE. By default, it's the same file. To use separate hotkey files, set this as: separate_hotkey_file=1 ⓓ add_sound_alerts_sim=0 This is if you want to have a sound alert added to your DAS SIM, for this to work properly there will be additional setup (see section "Sound Alerts - SIM Account"). What it does is add an audible alert if you trade with your LIVE ACCOUNT in the SIM ACCOUNT. To use, set to: add_sound_alerts_sim=1 ⓔ add_sound_alerts_live=0 This is if you want to have a sound alert added to your DAS LIVE, for this to work properly there will be additional setup (see section "Sound Alerts - LIVE Account"). What it does is add an audible alert if you trade with your SIM ACCOUNT in the LIVE ACCOUNT. To use, set to: add_sound_alerts_live=1 Right Click "Setup.bat" --> Run-As Administrator a) On Windows Admin Prompt Click "Yes" b) On the command window that opens, make sure it does not give an error. If prompted, type the letter "Y" and hit enter. c) If no error messages, hit enter again to close the command window. Launch DAS using the shortcut created on the desktop as "DasTrader - SIM Account" --> Under ... Blue w/ S is the SIM account. Yellow w/ L is the Live account. You're not done ... go to Additional Setups section. Additional Setup: There's some brief changes we need to make within DAS for this to work properly. Open the "LIVE" version of DAS (the yellow icon). Login and on the top menu bar select "Setup" -> "Order Templates" On the "Account" box, select your LIVE account (for IB users it's likely something like U#######). Hit "Apply This Setting To All Exchanges." [optional] If you enabled the SIM trade in Live Account alert in config.ini, read the next line, otherwise skip to #5. For the Alert to work, go into Top Menu Bar -> Tools -> Alert & Trigger -> Double Click "WARN-LIVEACCOUNT" -> Double Click the "Value" box next to the "Acc" item (it should say "U1111111") -> Set this to your LIVE account. Image helper here. Close DAS. Open the "SIM" version of DAS (the blue icon). Login and on the top menu bar select "Setup" -> "Order Templates" On the "Account" box, select your SIM account (for IB users it's likely something like TRIBT####). Hit "Apply This Setting To All Exchanges." For the Alert to work, go into Top Menu Bar -> Tools -> Alert & Trigger -> Double Click "WARN-SIMACCOUNT" -> Double Click the "Value" box next to the "Acc" item (it should say "U1111111") -> Set this to your SIM account. Image helper here. Close DAS. Download: v1.00 - 1/14/2020 - outdated .. v1.01 - 8/7/2020 - DAS_DASSim_Separation_Script_V1.1.zip Changelog: v1.00 - 1/14/2020 - Release of initial script. v1.01 - 8/7/2020 - Quick rework of the script to be in its own .EXE, this may help with any issues for permissions. Known Issues: v1.00 - 1/14/2020 - My father never really played catch with me as a child, but besides that, there doesn't seem to be any that I'm aware of with the script at the moment. /joke
  40. 3 points
    I'm sure a lot of you know already, but DAS released a new version today (version It comes with a ton of changes that you can see here (https://dastrader.com/notice.html ). Some changes I think people will appreciate: Added vertical dragging for chart. Added OCO script to support secondary order of OCO pair. Bug fix - there is problem when clicking on price axis label area when placing orders and alerts Added support for multi-script trigger orders (up to 5). Fixed RVOL column sorting in Market Viewer. Added support for stop orders in quote replay mode. Added more default settings for chart alert. Download link here: https://dastrader.com/docs/das-download-links/
  41. 3 points
    -Recap- - Review 1 - - Review 2 -
  42. 3 points
    Hi all, My name is Parisa. I am 32 years old and live in Los Angeles, California. I am married to my husband of 3 years and we have a 2 year old daughter. My journey in day trading started in the summer of last year when I was looking for ways to make supplemental income. My husband is a full-time student so I am the sole breadwinner of my family. I have a 9-6 job as an Accounting Manager for an Entertainment company. I came across Andrew's book and purchased the audio version. I've listened to it a few times and also have a physical copy. I joined BBT in March of this year and became a lifetime member shortly after. I am currently trading low-key while I build my skill and confidence. I primarily trade the open before work and my main strategy is the 1-2 min ORB. I also like to trade extreme reversals if I can catch them before work. My goal is to day trade for a living so I can have more time to spend with my family. I am very thankful to be a part of this community and to be learning from you all. Parisa
  43. 3 points
    Hey everyone I'm Nate. I was recently let go from my job as a cloud engineer, in Minneapolis, and decided to move to Hawaii with my wife and daughter. I read Andrew's first book a few years ago and it got me interested in trading. Since then I've taken a few technical analysis courses, done a bunch of other general studying, and think I'm ready to ease myself into it. It's something I've wanted to do for a long time but my job didn't allow me the requisite time to give it a real shot. Now that I have some additional time I've been waking up for the chats (2:30am-3am isn't easy), configuring my DAS desktop, watching the training courses/webinars, and making some simulated trades. I may chime in from time to time but I'll probably be laying low for a while trying to soak everything in. I'm excited to learn and look forward to getting to know everyone in the BBT community.
  44. 3 points
    Hey BBT community, I wanted to share this solution for slow connections on the forum here as it's been an absolute life saver for my day trading using DAS Trader Pro. This solution requires some technical knowledge. This method works well for those of us who live outside of North America, far from the data centres in New Jersey. I trade from Sydney, Australia - there's no major city physically further from New Jersey than Sydney. (As a side note, this may also work if you have a slow computer.) Problem I get consistently get terrible network latency (ping) during the first 30 mins of the market open - to the extent DAS is not usable for about 30 mins. I would get delayed price updates 10sec (sometimes 30sec) later. The image below shows the 85sec delay on one of the bad days. The issue becomes exponentially worse the more charts and montages I have open; this is likely due to L2 data. I only trade the open, so it's quite frustrating to lose the first 30 mins due to internet issues. My Tested Solution My solution was to run DAS Trader from a windows desktop virtual machine in the cloud at a location near the NYC data centres. I would then remote desktop access into that machine. The following steps are for Google Cloud Platform (you can also use Amazon Web Services or Microsoft Azure, but I wouldn't stray from those three). Step 1) Sign up for an account with Google Cloud. Set up a virtual machine on Google Cloud. This is a youtube video showing how to set one up. Choose a beefy instance if possible; I'm using 8 CPU and 16G of RAM. Choose Windows Server Datacentre (with desktop experience) as the machine image. These machines are charged on a time-usage basis, so turn it off when you're not trading! Step 2) Set up your Windows Remote Desktop client such that the Colour setting is set to 15-bit and the Experience setting is set to 'Modem'. This will significantly reduce the bandwidth usage. Step 3) Install DAS on the virtual machine and test. The expected result is that you should experience lower latency during periods of high data flow. I don't have the bandwidth numbers but assume they are correlated for our purposes. Now, during the market open: i) the ping from my virtual machine to the exchange is 20ms ii) the ping from my home to the virtual machine is about 200ms iii) in total is much lower at about 220ms The primary trade-off is that the desktop experience is not as visually snappy. But I'll take that in a heartbeat over what I had before. Why the Solution Works This is an explanation of what's happening behind the scenes. Before: 1) The quote data was sent from New Jersey Data Centre to my laptop in Sydney. 2) My laptop would run DAS and render the charts and L2 stock data. After: 1) The quote data is now sent from New Jersey Data Centre to my virtual machine in North Virginia. 2) My virtual machine running DAS will render the charts and L2 data. 3) My remote desktop client would then connect to the virtual machine and fetch the 'video-feed'. However it's quite efficient, it will only fetch necessary on-screen changes. This is similar to watching a youtube video - but we're watching a computer desktop feed. Not every pixel on-screen is refreshed, only a fraction of the pixels are refreshed few times a second. Only the refreshed pixels are sent over the internet and repainted on my monitor at home. This efficiency saves a lot of bandwidth. As a result: With the above solution, we have minimised the amount of data that needs to physically travel hence improving our experience when using DAS. The remote desktop client screen-feed transfers much less data than raw stock data. It's difficult to verify this but I empirically suspect the bottleneck is due to the constraints relating to the underwater fibre optic cables between LA and Sydney. The reason I believe this is the case is because I had tested running a VM in the AWS Sydney region and the same issue occurred; hence my woes were unlikely to be issues with my home internet connection. A map of the submarine data cable network (as at 2015): Hope this is useful.
  45. 3 points
    @JaradBBTpost here piqued me to have a broader discussion since there may be some more interest in following sectors and markets at BBT. As Jarad nicely highlights it's important to be in sync with SP500, Nasdaq, Dow and Russell as well as the various sectors to understand the currents that are moving the stock market like the tide ebbs and flows. Specifically this means you ideally want to be finding leaders in a sector trending up and definitely might want to consider very hard trading a ticker moving in the opposite direction of the sector the stock belongs to...and for most traders following SPY, QQQ, DIA or IWM as well as the SPDR Xs sector ETFs are good proxys of the market and sectors if you understand that they are really tradable ETF instruments but do not represent THE "index" itself. e.g. volume in ETFs does not represent accurately the underlying volume traded in the overall markets and sectors although generally the relative trend will be similar... Over the past year as I became more and more aware of this (now close to the end of the second year of trading) I began compiling these ETFs and various indices for me to watch during the day and then gradually kept adding more and more so that now I have several very long lists that go far beyond the US stock market indices and sectors. I thought this might be of interest to a few so am sharing various files with these lists here that you can directly copy and paste into DAS MarketViewer lists: To do that just select the column in any of the attached .txt files that you are interested in and execute the C&P function into a marketviewer and it will automatically populate the various other columns you have chosen to use in MarketViewer. If you are doing well and happy just following 4 indices maybe oil the US $, VIX and a bunch of sector ETFs you can stop reading here bc that's really 75% of what you need to know to become successful. If not, keep reading....what follows is a brief overview of the contents of the 4 text files that has taken me a year or so to compile in painstaking research. Each of the lists adds granularity to sectors, markets and indices by using various symbols that are either instruments you can trade or simply insert into MarketViewer to lookup a chart on a more frequent basis and don't want to keep typing in the symbol. There's a lot of symbols in each list, probably way more than anyone would need or like to have because it can clutter and become confusing so I suggest if you are interested expanding beyond the basics covered by @JaradBBT you start adding a few industries (e.g. the symbols "SOXX" ETF or "SOX$" the PHLX Semiconductor index will track those groups of stocks that include AMD, NVDA, MU, QCOM, INTC but also other less well known like XLNX MRVL etc) that you follow and/or trade closer and then keep adding more symbols as you become more interested. Using all could easily add more distraction then benefit so be mindful of what you sign up for. There's also 2 JPEG files with screenshots showing what the MarketViewers look with them added: US Indices and NYSE_NASDAQ Exchange Market Breadth Indicators: Major US Indices represented by ETFs or index symbol (e.g. SPY or $SPX), VIX volatility, NYSE and NASDAQ market breadth indicators as well as index Emini or Emicro futures (e.g. #ES or #VX lets you track SP500 and volatility in after hours futures trading or if you are enabled for futures trading in DAS by your broker you can actually trade that symbol). I also list 2x or 3x leveraged ETFS (e.g. UDOW and SDOW DOW 3x ETFs will move a good amount e.g. when Boeing or PG are on the move) bc they easily flag a direction (red or green) of a sector not just by color but also by a higher % number. Also a number of indices ie. symbols with a "$" that simply track subsets of markets like NDX$ tracks the top100 Nasdaq stocks Tech, China, Industrials, Utilities, Energy and RealEstate: Various underlying industries and groups in the tech, industrials, utilities, energy and real estate sectors, e.g. SMH/SOX semi ETFs or "SOX$" index, also available as 3x ETFs SOXL or SOXS. There's a lot of ETFs that I mined the ETF database for ones that trade decent average volume per day so they should be fairly representative. Tech being the most interesting for traders is the longest list. A few China specific tech ETFs have been lumped into this list (separate from foreign market ETFs in the final list). Consumer Staples and Discretionary, Retail, Communication, Healthcare, Financials and Materials: Bulk of sectors are grouped into this list...consumer staples, consumer discretionary, retail, health care (Biotech represented separately by IBB, XBI etc bc it's a large group), pot/weed/alternative harvest tracking ETF "MJ" (includes popular day trading stocks such as CGC, CRON, ACB APHA TLRY), financials w. banks and insurances and 3x ETFs, materials XLB that includes mining industries and metals gold, silver, copper, platinum, Uranium or Lithium or 3x ETFs for gold Commodities, Futures, Currencies, Bonds and Foreign Market ETFs Oil and natural gas ETFs and futures (incl leveraged ETFs), metal commodities such as gold, silver or copper as well as Bitcoin represented as the futures #BTC traded on the CME (Chicago Mercantile Exchange), US treasuries short and long term (either as index, futures or ETF as symbols that were available to view charts in DAS), corporate and junk bond ETFs municipal and income as well as emerging market, grain futures, currency pairs (only viewable if you are forex enabled by DAS and your broker) and finally a large list of foreign market ETFs that get me an idea where money is flowing to internationally (75% investing money moves to the US). Hopefully these lists will be useful in part or whole to some traders adding granularity to their lists or who enjoy exploring the giant universe of markets that is so wonderfully exciting. If you have questions feel free to ask here or hit me up by DM or on Fintwit. US Indices and NYSE_NASDAQ Exchange Market Breadth Indicators.txt Commodities, Futures, Currencies, Bonds and Foreign Market ETFs.txt Consumer Staples and Discretionary, Retail, Communication, Healthcare, Financials and Materials.txt Tech, China, Industrials, Utilities, Energy and RealEstate.txt
  46. 3 points
    i must disappoint you but after 3 years i had my 2nd profitable month only last month. the reasons you mentioned do not seem to be the right ones but simple to fix. if you trade with DAS setup the risk controls for max daily loss. you will have some hulk days but never overreach your set max daily loss. you will have few days when you hit it because you will go hulk but it will go away over time with not big losses. turn off the sound from the chatroom. i had big problem with this too seeing guys having profits while me having only losses. most of the mistakes have very simple solutions like this. you don't need the sound to trade so use the scanners screen and sound off. make a checklist before you start first thing to do - turn off the sound. never think or try not to think about the money. it sounds cliche but it is so. once you start imagining you rich or how you make it all back your brain is disqualified from trading. at least mine is. try to prepare for doing 1-3 perfect no hesitation no regrets trades, not prepare to make money. don't be sad from bad days. it is part of the process and is inevitable and instead of crying on what happened focus on how you do better tomorrow. it is hard. but hard for everyone so you are still a human only. the sooner you get rid of the mistakes you make, the sooner you make it to the target. but you must be aware of the mistakes and work on them. what have you done today? what is the plan not to do it tomorrow? look at the day results the opposite way - a good day is when you don't lose money. the day when you end green while not making mistakes is great and the day you reach your target or above is perfect. if you cant stop thinking about money focus on not losing money not on wining money. you should be writing a journal which will show you what you need to avoid. i use this and it helped me a lot.
  47. 3 points
    I'd love a webinar dedicated to the journey of our mods. It could be structured as: 1.Backstory of how they got into trading 2.Their path from SIM to Live, 3. The grueling first year 4. The intermediary phase where they became more profitable 5. All the unique pitfalls they faced along the way 6. Where they currently are at now. It doesn't have to be a webinar, but could even be a dedicated spotlight section on the website, interviewee/sleek editing style. I think it's interesting to see how far people have come, and in their stories there are always nuggets of truth that help other traders along the way. Sorry for calling you out mods! But you guys rock and love to learn from you guys.
  48. 3 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!
  49. 3 points
    This is a good topic and we can put something together on this. We will put a rush on getting this done.
  50. 3 points
    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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