Updated: 8/8/2019 @ 12:44pm (PST) Finally out of the alpha stage and releasing this to the community, I've been using it with success. Because I had to do some musical chairs with memory I made a configuration utility as the script itself is very ugly. This is more of a BETA release for this, so if anyone wants to try this out in SIM and let me know if you have any issues with the configuration sheet or the hotkeys themselves. It's based on the work started by @fjmocke here: https://forums.bearbulltraders.com/topic/469-das-calculate-shares-based-on-account-risk/ . What it is: It's a hotkey command script that can be used to dynamically alter the share total based on: Available Buying Power (capital) Stop Location (Risk) % Account Risk OR Fixed Dollar Amount The script includes purchase power protection and won't send an order that you can not afford, it does this by calculating two factors: A - Shares You Can Afford B - Shares at Risk Parameter (e.g. $25,000 account equity, 1% risk = $250 risk, $250 * a stop distance of .10 = 2500 shares) min{A,B} = 0.5(A + B - | A - B | ) But, why male models? I just told you. /Zoolander reference You'd use this to calculate your share total based on what you're willing to risk. So instead of blindly throwing 500 shares at every setup, you can dynamically alter risked amount based on the per-trade setup. I use it on my StreamDeck (will also release the icon packs soon) with modifiers of 100%, 75%, 50%, and 25%. 100% is the A-Plus setups I see, those I have HIGH confidence in. Alternatively, if a stock has a large spread or is low-float, I may only use the 25% modifier key for those. Instructions for Configuration: Go to this link: V2.1: DOWNLOAD ^^ Recommend latest DAS version of 5.4.3.0. Requires DAS version 5.2.0.34 or above (current BETA branch as of 11/19/2018) for the physical stop portion to work. If you don't use the physical stop, you don't have to worry about it. NOTE: Thoroughly test in SIM to make sure it's doing what you expect it to do. Choose: Download the ZIP file and unzip to where you want. On "Setup & Instructions" configure your settings. Account Leverage (default for DAS is 4), this is the margin your broker gives you. Some off-shores give 6. It needs to match what is configured in DAS for proper calculations. Max Account Risk %. This is the maximum percent of equity you're willing to risk on every trade (default is 1%). You can always risk lower (more on that later). % of Total Buying Power. If you don't want to calculate based on the total buying power of 100%, you can set this to a lower percentage (example: 100,000 buying power with 60% here equals $60,000 maximum position size) Route. LIMIT, MARKET, SMRTL. Default is LIMIT. Order Bid/Ask Offset. This is the offset you use when you send the price for order, e.g. "Ask + 0.05" (meaning fill me up to 5 cents above ask) Time in Force. Default: Day+ Default Shares. This is the amount of shares you want to set as the DEFAULT SHARES for all trades (e.g. when you click a Symbol and it loads, this is the share total). You can see why this is here in the technical breakdown section below. Minimum Stop Buffer. This is an offset to the stop distance. If you set this to 0.05, it'll add 5 cents to the stop distance calculation (so if your stop distance is 0.05, it'll be calculated on 0.10). Switch to the "Hotkeys" tab. Choose your preferred style. % Risk of Equity (Dynamic) or Fixed Price (e.g. $150 risk). %Equity Risk: Use the drop down to select what you want the value to be % equity. NOTE: This is a modifier AFTER your account risk maximum %. So if you have 1% account risk, and set this to 50%, your effective account risk is 0.005 --> 0.5%. $ Fixed: Use the drop down to select what you want the value to be for dollar risk. Select "long" or "short" to flip the script's direction. Click the cell that contains the start of the command (E column) and Ctrl + C (copy). Paste it into DAS. It should look like a sample command below. Instructions for Usage: First, you must have "Double Click to Trade" turned on in Chart, Right-Click --> Configure --> Settings --> Double-click to trade. Double click the chart where you want to set a mental stop (it does not place a stop order, you can always put one in after). Hit your configured hotkey. Sample Scripts: LONG: DefShare=BP*0.98; Share=DefShare*0.25* Price * 0.01; Price = Ask - Price + 0.02;SShare = Share / Price; Share = DefShare - SShare; DefShare = DefShare + SShare; SShare = Share; SShare = DefShare - SShare; Share = 0.5 * SShare; TogSShare; ROUTE =LIMIT; Price = Ask + 0.05; TIF=DAY+; BUY=Send; DefShare = 500; SHORT: DefShare=BP*0.98; Share=DefShare*0.25* Price * 0.01; Price = Price - Bid + 0.02;SShare = Share / Price; Share = DefShare - SShare; DefShare = DefShare + SShare; SShare = Share; SShare = DefShare - SShare; Share = 0.5 * SShare; TogSShare; ROUTE =LIMIT; Price = Bid - 0.05; TIF=DAY+; SELL=Send; DefShare = 500; Technical Breakdown: DAS has basic scripting. Montage commands have access to very few read/write variables, basic operations, and only operators of addition, subtraction, division, and multiplication. To do this calculation we need additional operators (min function, and absolute function) and more memory for storage of variables. This command gets around these limitations by using user-writeable areas of memory in the program. Since DAS is written in the C++ language (from what I can tell), it's strict on what can be done in these existing memory locations. The hotkey uses the following items (plus the usual Price -- FLOAT): (Assumptions on Datatypes) DefShare -- INT (Used as a temporary variable for storage) SShare -- Unsigned INT (Behaves like an Unsigned INT in certain situations. Used as a temporary variable for storage) Share -- INT (Used as a temporary variable for storage) With the 3 INT variables, objects are moved around in memory so that we can calculate and compare with our variable limitation (be much easier if we could assign our own). To facilitate the ABS() function, we use a trick --> When a negative value is placed into an Unsigned INT it loses it's sign (thus, it becomes a POSITIVE value in memory). A more detailed technical breakdown (step by step) is located in the Configuration spreadsheet up above. Future Enhancements: If need be, I can make a step-by-step video of this entire process. I have a version that uses an AutoHotKey macro to drop a line at the stop location, I can upload that as well if people want it. ^^ Update, I discontinued this as it was too cumbersome. You had to have two sets of hotkeys for each command. I may someday revisit it if I can build out a configuration tool for it. TLDR: It does the math for you so you can risk a known amount (% or $) based on your per-trade risk position (stop distance). And yes, I'm a bit of a tech nerd. Also, longest post .. ever. Would not read again, 0/5 stars. --- KNOWN ISSUES: %Account Risk gets smaller and smaller when subsequent open positions Reason: No Equity variable, we reverse calculate equity using Buying Power. On subsequent positions, the % (e.g. 1%) calculation will be based on the available buying power and NOT the account equity. Workaround: Precalculate the %risk and use it for the $risk versions. So 1% of $25,000 equity equals $250. SSR rejection on LONG position when scaling out; rejection message (e.g. "Short marketable limit order disable due to SSR!") if using the automatic STOP trigger. Reason: DAS calculates that the position will drop below the open stop order position and reject as this can cause the position to "flip" if it was triggered. Workaround: Have a hotkey to clear the open orders (CXL ALLSYMB), clear it, scale the position (e.g. 25%). Either replace the stop or switch to a mental stop. Alternatively, you can add "CXL ALLSYMB;" to the front of the scale-out hotkeys. You just have to be cognizant to replace the stop order. Equated position size if very small (e.g. 4 or 5 shares when expected is hundreds). Reason: Wrong side was used for the order. E.g. a long hotkey is used when trying to go short. -or- Stop Distance was calculated to be a negative value (clicked too close to current price). Workaround: Be cognizant of the hotkeys used and the stop distance clicked. Clicking too close (a really tight stop) can be very dangerous if you do it inadvertently. TriggerOrder for automatic STOP placement not being sent (no stop order placed). Reason: Montage is not set to a style that doesn't allow TriggerOrder input. Styles not compatible are: Default [DAS's, if you changed it], Basic, OCO, Option, Full Fix: Use a style that is compatible, they are: Stop Order, Detail, Trigger -- I recommended using the "Stop Order" montage style. To change this, right click the montage area around where you'd enter a price and select Style --> Your Choice. --- UPDATES: 10/17/2018 - Added v.1.1 link, you'd need to use the new version to change anything. - General cleanup of the script. Added instructions for the IB issue (discussed in this thread) - NEW FEATURE: Added a new section to the Hotkeys sheet, it will now create a set up for Dynamic Scale-In hotkey commands. You'd use these by setting a scale value (say you want an additional 50% of your current position size). The hotkey will calculate the maximum share you can afford (how much you can afford at the moment) and the scale value, choosing to take the least amount. So if your current position is 1500 shares (@ $50.00) and you want to scale in at 50% your current position, it'd check if you can afford an additional 750 shares, if you can't, it'll buy the maximum you can afford. For this example, you can't afford it (if Buying Power is 100k), so it'd buy roughly $25k worth (500 shares). - CLEANUP: Cleaned up the $Dollar Risk version and removed unnecessary steps. Don't really need to replace yours if they exist, but worth noting. 10/30/2018 - Added @Michael P's suggested fixes for Excel. Configuration tool should now work in both Sheets and Excel. - NOTICE: This was a configuration tool change, no changes were made to the hotkey scripts, so no need to change any existing hotkeys. 11/19/2018 - Shortened some of the commands so we don't hit any hotkey character limit, makes them less readable, but shorter. Couldn't get them low enough to fit the montage buttons though (although removing the portions for the buying power rejection protection would likely do it). - Added a section for SELL/COVER buttons for people who just need to create those. E.g. "Sell 25% position" or "Sell 33% position". - Added @Robert H's stop suggestion. New fields on the setup page for enabling physical stops. If enabled, it'll place a MARKET or LIMIT (settings included) trigger order to go into the market once the initial order is fulfilled, these are placed at the location you double-clicked on the chart. 11/20/2018 - Added a stop-order setting to set an additional buffer for the stop price (for those that want to include or exclude the double-clicked price). - Added conditional formatting to subdue the stop settings that aren't required if you disable sending a physical stop into the market. 12/10/2018 - Added a known issues section to this post and the spreadsheet (for when a new version goes up). 12/12/2018 - Updated known issues section to include the "Montage Style" issue for TriggerOrders. 12/13/2018 - Updated to new version 1.46. Fixed a bug in the Trigger Order script which could cause it to not be interpreted by DAS's command parser on certain user settings. - Added "modifier" extra hotkeys. See instructions next to these on how to use them. - - - Set Stop to Breakeven - Long or Short - Stop Limit or Stop Market (cancels any pending orders for SYMB) - - - Set Stop to Breakeven - Bidirectional - Stop Market (cancels any pending orders for SYMB) - - - Stop - Update Price - Long or Short - Stop Limit or Stop Market (cancels pending orders, double click chart where you want stop before firing hotkey) - - - Stop - Update Price - Bidirectional - Stop Market (cancels pending orders, double click chart where you want stop before firing hotkey) - - - Stop - Update Position - Long or Short - Stop Limit or Stop Market - Replace (requires you double-click the original stop in the Orders window) - - - Stop - Update Position - Bidirectional - Stop Market Orders Only - Replace (requires you double-click the original stop in the Orders window). 8/8/2019 - New version 2.0, download the .zip file and unzip it. - Fixed an issue with some hotkey configurations that may have caused them to be inaccurate in vary rare situations. Recommend recreating your hotkeys in this new version, just to be sure. - Added Profit Target hotkeys. - Added % Scale-In Hotkeys - Added $ Risk Scale-In Hotkeys - Added Short-SSR to Long/Short dropdown for SSR hotkeys (DAS Simulator) - Added Range Order hotkeys - Added Y-Margin Scale Increase hotkey, Y-Margin Decrease, and Y-Margin Reset - Added new sheet "Example - Equity%" and "Example - $Risk" to give a more workflow outlook on what is happening. - Included a ScaleOut worksheet to manually simulate what different scale percentages / scenarios look like (instructions will be in the video). ALSO: Video is done and rendering, I think it comes in at 45minutes with 3.4gigs (4k), so it'll need to be optimized before I upload it to YouTube. Will try to do it today and will update this when done. 9/10/2019 - New version 2.1 released. Just general clean up (UI) and bug fixes. - FIXED: Issue with the Scale-In $Risk hotkeys. - FIXED: Issue with the Stop Update Price long and short hotkeys> ^^ If you use either of those, please regenerate them and replace in your DAS to avoid issues. UPDATES: The majority of this side project is completed and besides a few requests I have in with DAS developers to optimize a few things, out of any major bugs or improved scripting features, I'd say this is about done. I'll provide any edge-case support as need, but I want to move on to other BBT-community projects. So what do I have cookin' for you guys, gals, and cat? You'll see a glimpse in the video of an early prototype (buggy! I programmed that in a few hours, so bugs are expected) of a DAS calculator side program. The newer version (need to finish the UI) will incorporate a lot more in ways of tools for you, including automatically calculating changes without a hotkey intervention. It also allows you to mass-process trade log .csv files you may have exported and compile it into Excel or .CSV for import into other programs. Configuration is drag/drop friendly, so rearranging your columns is as easy as click and holding. I'm also going to shift my attention to finishing my ORB-strategy research. Right now, my datapool encompasses 15000 news article, gaplists for 2011-2019, and 1second data for stocks in that range. It's a data store of roughly 80 gigs. The idea is to test for hidden signals we may not see that can indicate a potential direction of an ORB strategy (if no rare outside influence occurs, like a terrorist attack) by leveraging a consortium of machine learning algorithms to give us a higher probability of success for each day. Depending how the research works out, the end product would likely be a probability predictor for each day. I'll share the research results with the community and may incorporate some other tests as well. VIDEO: Ok, so I may have gone down an editing rabbit hole and that took longer than expected. The videos are up, came in quite long so I chunked it down. Sorry it's a tad scattered and not one-linear cohesive unit, but I tried to mark it up as best as possible. Part 1 - Config / Math - https://youtu.be/YrRrydwGyRY Part 2 - Setup, Quick Examples, Tips - https://youtu.be/pXLlWF7T6hw Part 3 - Sim Trade Example - https://youtu.be/SO9UhJh4dTc Bonus 1 - Scale/Price Excel Calc - https://youtu.be/KTr_iJ2p0TU Bonus Tips - https://youtu.be/sNHXFMoia7A

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

I read "How to Day Trade for a Living" over a year and a half ago, I join the chatroom while I was still reading the book. The chatroom has been an invaluable resource for learning not only good trading habits, but the psychology of trading as well. After a year of trading my husband joined me and now we trade together everyday. Thanks to the BBT community!! Michelle and Nathan

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

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.

My elaborate setup with my new favorite movie .. based on a true story. No that's not my real setup, I use three watches. But seriously, I can't share my setup (currently building a new desk), so I thought I'd have some fun with this. I'll show myself out.

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~

Converted a typical closet into a trade station. I added a 'peel n stick' wood wall paneling and installed a 3 pot-light lamp above with dimmer switch.

Hey everybody, Today is quite an important day for me. I've finally managed to get back to break even after being in the red for 4 and a half years since I started day trading. I'll be honest, I was starting to doubt my ability to ever become a profitable trader at the end of 2020, and I thought about quitting. Investing so much time and effort for years, only to see money disappearing from your account is very hard on morale, of course. One thing that kept me going was the fact that, even though my account wasn't getting better, I felt like I was always making a little progress on both the technical side and the psychological side. I figured if I kept going, one day, I would finally turn the corner. Well, I turned that corner at the end of 2020, when I changed my approach, strategy and tools all at the same time. It took me 4 years to lose 25000$, and only 6 months to make it back. And frankly, I'm pretty excited to see what the next couple of years will look like as I'm only starting to ramp up my size. I wanted to share this with you guys because this chatroom is one of the reasons why I was able to make it work for me, and I figured it could help motivate and inspire anyone that is still struggling to find their marks and make it work for themselves. As you can see from my total realized P&L of the last 4.5 years, I had a pretty long and difficult journey. I just wanted to say this: As long as you feel that you're progressing at least a little, and if you like what you are doing, make sure that you give yourself the time and the tools to keep going because you never know when you'll be turning that corner. I surely didn't expect it, not more than a year ago I was about to call it quit, and it would have been a monumental mistake. Let this be an inspiration for those still struggling.

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!

Since this subforum is by far the most active, we've stickied this FAQ which contains links to individual posts. This post will be updated regularly. [Last updated: May 17, 2021] DAS Trader Downloads DAS Trader Pro Production Releases for Interactive Brokers DAS Trader Pro Production Releases for CMEG BBT DAS Simulator Production Release (ONLY IF YOU GOT DAS SIM THOUGH BBT) When doing an install of a new version, it is always a good idea to back up your settings! DAS Trader Pro references, education and support OFFICIAL: DAS INC DAS TRADER PRO - DEMO Tutorial - How to Correctly Use DAS Trader Pro User Guide and Manuals DAS Trader Official YouTube Channel DAS Weekly Free Q&A Webinar DAS Trader Pro Knowledge Base DAS Trader Pro Risk Control explained in Knowledge Base. Common DAS Trader errors No More Order Server to Connect’ error message ‘Wrong Trader’ error message “Lost Connection to Quote Server” error message General Where can I subscribe for DAS Trader Pro live account for Interactive Brokers? How to Change Your Equity and Buying Power in Simulator How to Switch Between Live and Demo Accounts Update/Upgrade DAS To Latest Version Understanding the DAS Account Report DAS Deluxe Package - Switching Options L2 for ARCA Book DAS Trader on MAC OS also see DAS Trader FAQ > 5. SYSTEM REQUIREMENTS How to link symbol selection in Trade Ideas to DAS How to set a price alert in DAS How to add Audio Alerts in DAS How to Configure DAS Mobile for Android or iPhone Definition of Time and Sales Flags How to use the DAS Risk Control Page List of Index tickers (SPY, DJIA, NASDAQ, RUSSELL, etc.) How to Make a Pre-Market Scanner in DAS DAS Trader Videos Playlists in YouTube DAS Trader Tutorials (basic DAS Trader configuration) DAS Trader Pro Instructional Videos (Advanced DAS Trader Features) Market Replay Mode How to use new DAS Trader Market replay feature Montage, Windows, and Layouts How to Make Your Custom Layout Load as Default on Startup How to link Montage to Time&Sales and Charts? How To Setup Multiple Monitors in DAS How to Duplicate a Montage, Chart or Other Window Montage / Level 2 color and shade settings How to Quickly Add Rows to Watchlist (Market Viewer) How to Change Order Button Colours (BUY, SELL, SHRT, CXL, RPL) Select Active Montage to Trade Definition for each of the Level 1 (L1) fields at top of Montage How to select the montage before placing a trade How to use the New L2 Highlight Feature in DAS Trader (YouTube video) Charts [VIDEO] How to configure charts in DAS Trader Pro: Education Center How to Add Index Tickers for SPY, DOW, NASDAQ DAS Trader Tutorial – Make Your Chart Look Like Andrew's How to Add Average Line to Volume Study How to Drag and Drop Horizontal Lines How to Transfer Price Levels to Another Chart Drawing Support and Resistance Lines in DAS How to add previous day close (PCL), high of day (HOD) & low of day (LOD) How to Prevent Chart from Zooming out When Switching Symbols How to Add/Remove Trade Icons on the Chart Show trade info on chart (triangle click) How to Increase Y-Axis Scale to See More Price Levels / This can now be done with the newer versions (5.4.0.0+) of DAS using hotkeys Change Default Number of Candles How to add Relative Strength Index (RSI) to Chart How to Draw a Diagonal or Sloping Line How to Change font size in Chart How to add separator line for Pre-Market (Open) and After-Hours (Close) How to correct short/small candlesticks by excluding Studies from Y-Axis Scale (Y LOW, YY HIGH, etc). How to Zoom in on Specific Area of Chart Why is VWAP sometimes different between 1-minute chart, 5-minute chart, and/or Montage? How to add vertical lines on 1-minute chart to show each 5-minute period How to add Average True Range (ATR) to DAS Daily Chart How to add and use Volume by Price study How to add bid & ask to your charts How to add RVOL in DAS? Exceeded max number of global trend lines Order Entry Placing Orders in DAS Trader Pro Trailing Stops How to Lock Your Montage How to set a Bracket aka Range aka OCO order (includes hotkeys) Hotkeys and Hotkey Buttons - Always test your Hotkeys in simulator Most frequently used hotkeys Terminology Clarification: Hotkeys vs Hotkey Buttons Programming hot key for stop loss Buy/Sell Hotkeys for Automatic Stop Loss How to Create HotKey Buttons on the DAS Montage Level 2 Window Hotkeys for Flipping Position Hotkey for buying based on a percentage of Buying Power How to Adjust Montage Hotkeys Button Size What does the Panic hot key do? How to set up hotkeys for trailing stops Hotkeys for adjusting share size How to create hotkey which launches Finviz page for a selected stock Hotkey for automatic share size based on max dollar loss Hotkey for automatic share size based on % loss of account How to short stocks in SSR: see here and here Thor´s Freeroll Hotkey DAS Trader Pro Support Live Chat Support Das Trader contact page to send messages DAs Trader Support Email DAS Hotkey Line Style Configuration tool.

those are mine!

Hi there, As far as I understand from your post, you may have misunderstood some things about risk management. And that's totally fine, considering that when you start doing this there's a thousand new bits of information coming at you every day. Long story short, the theory is not that you shouldn't SPEND more than 2% per trade, but rather that you shouldn't RISK more than 2% per trade. Let's take an actual example: You have 25K so 2% of that is $500 risk. Say you want to long a stock at a price of $10 and you put your stop loss at 9.50$. This means that you risk $0.50 per share, and given that your max loss per trade is $500 (2% of your account), then the calculation you have to make to decide how many shares you can buy is 500/0.50=1000 shares. Now, one thing I'd add is that, in my humble opinion, risking 2% of your account per trade is way too much, particularly when you're just starting out. Think about it, merely 10 losing trades and your account is already 20% down. I would consider the option of only risking a fraction of 1% because risking too much per trade can throw your psychology off balance in the middle of a trade and make you focus more on potential losses that you aren't comfortable with rather than the proper trade management that you need to produce consistent results. Hope this helps 🙂 Vlad

Hey guys. I just wanted to put together a little document on what I have been doing to learn the /ES. This isn’t exclusive to futures, this is for ALL trading and for those looking to give themselves the edge and to take their trading to the next level. This document is for beginners as well as jaded traders such as myself. The point here is you need to adjust how you view the market and change your thought processes. Recording Trades This may seem like a no-brainer, but not many people do this. I didn’t realize the power of recording the market until I started doing it. There are plenty of free programs out there (I use Open Broadcaster Software, OBS: https://www.obsproject.com). Since I am only trading 1 instrument, I just need to record my primary monitor. If you are trading equities and use several monitors to trade from, this may become a bit of a challenge. However, you should really only try to focus on 1 stock as it is anyways. In this case, you can record the screen that you are trading from. The other option is, just record 1 screen and ONLY trade from that screen. I also highly recommend that you record the entire day’s action, even if it’s just 1 stock that may die in the middle of the day. The reason for this will become clear in the next section. But the point here is that you NEED to be recording what you are doing, because in the heat of the moment, you don’t always know what is happening, but the recordings can help you with that. Reviewing your Trades If you record your trades, like I mentioned above, then you absolutely need to spend time reviewing your trades. I know many people here simply copy and paste their trades into their journals, put in a little blurb about what they saw happen, then never go back or care to look at it again. While this is good in practice, unless you are actually reviewing your trades in depth (and you are able to remember what was happening and going through your head at that time), there’s really no value to the journaling; you need to review! This is where the recordings come in. I mentioned in the chat that I record the entire day then I go back in the evening and re-watch everything. While this may seem a bit extreme, this is the only way you can improve your skills. Why? Well think about it this way, in the heat of the moment while the market is open and you are trying to trade, do you think you are really seeing every possibility? Are you seeing the probable outcomes of your trade? Probably not! Furthermore, you are under the “gun” so to speak of getting in at the right spot, managing the trade and exiting with a profit or a loss. This all happens at lightning speed and sometimes, you don’t even have a second to think about what is happening. When you re-watch the recordings in the evening, you are more relaxed and you can observe A LOT more of what is happening in the market/with your trade than you can while it is happening in real-time. Even doing your journal review at the end of the day, you are still a little stressed from the day and may not remember/see everything that you thought you remembered or saw. This is especially true for a really bad day. You do not need 6 and a half hours at night to literally re-watch what you already saw earlier in the day. Instead, scrub through the recording (this means taking the time scroller and moving it to different sections of the video) and find important points in the market action. Areas of major support/resistance, technical levels, VWAP, moving averages and most importantly, reversals. If you focus on these areas exclusively, you can start to see what is happening at these key spots and learn what to look for. Also, do not do this right after the market closes. You need a few hours to decompress after 4PM EST. If you jump right back into it, your mind is still going to be fried and you will be missing out on key points, so take a break and do this after dinner and before bed if you can. The recordings allow you to calmly review the market action, what you did right and what you did wrong and learn from what you are seeing, which leads me to my next piece. Taking Notes Of course, we all went to school at some point in our lives and had to take notes on what the teacher or professor was telling us. Or, we read several textbooks and took notes on that. Trading is no different. We are in school essentially trying to learn a rather subjective subject with about a million variables going on at every microsecond. But, there is a lot of information in all of this noise and by taking proper notes, you will be able to find small pieces of information that can help you gain your edge. Now, taking notes, trying to trade and also watching the market is literally impossible. Some people use dictation software and speak into a microphone that records their statements either into a document or just a voice recorder. This is an incredible process! I tried it but the dictation software didn’t understand me and since I hate the sound of my own voice, re-listening to myself is impossible (yes this is petty, but something about my high-pitched nasally voice drives me batty). However, if you have a pen and paper available and you can quickly jot down a quick note, even if it’s an important price level where you saw a large order get executed, will still be very helpful. However, what I am getting at here is if you do the recordings like I mentioned above, then you will have a much easier time taking notes when the market is closed, you are relaxed and you can focus a bit better on the action. You would be amazed as to how much information is out there when you are able to sit back, relax and just watch and take simple notes of what is happening. However, I have found an even better way of note taking for trading which is in the next section. Asking the right questions Everybody learns at different paces and via different styles. One way of learning that I felt has been dramatically helpful for me is simply asking a question then finding the answer to it. While we can read books, watch videos and listen to others talk about their trading, until you truly understand the “why” or the “how” you are just blindly following somebody else around and this will get you into trouble. When you are unable to look at the market from a purely objective perspective, then you cannot understand what is actually happening. I’ll get into this more in the next section, but it’s important to discuss here. If you come up with questions about things you are seeing or things you are not understanding, then you will be forcing yourself to find the answers to those questions and forcibly build your knowledge. Because now, you are seeking the answer instead of being told simply “look for this”. Well, “how do I look for this, why do I look for this?”. Here’s an example: “Do value areas and High-Volume Nodes (HVN’s) on the DOM (Depth of market) provide entries and price targets?” This is a question I wrote down on my notepad and I am working on answering. Another question you can ask yourself is “How strong is the VWAP in AAPL? Does AAPL respect its VWAP?” Or, “What happens when a large order is executed on Level 2? Does price retrace then try to retest that price again? Is price being held down by a large player”? It is then your job to find the answers to these questions. You won’t find the answers in one day or in one recording, but now you have something to work with. Just sitting at your screen, watching the live market or even a recording without any direction or guidance isn’t going to help you. I know because I spent 4 years doing this. Sitting at the screen and trying to make sense of what is going on with all of this noise. Well, by not having questions to answer and trying to seek the truth or answers within the noise, I just sat there and wasted my time getting lost in all of the noise of the market. Get a pad and a pen, write down your questions then watch the market live and most importantly, watch the recordings and find those answers. Once you find the answers to your questions, watch how your trading changes. Charting your own path (pun-intended) I mentioned above that most of us like to follow something blindly, especially in such a complicated environment as the markets. But you need to learn to think for yourself and think objectively. As humans, we need structure. It’s how our brains work, it’s how we live our lives – with structure (and lots of it). We are logical beings and we need “rules” in order to function properly. Everything in our lives has structure and a set of rules. Driving, working, sleeping even eating. There is structure and rules in place for everything in our lives. Trading is no different. So, we seek out ways to find rules that say “If a then b”. Well, I hate to break it to you but most rules don’t work. The market isn’t about absolutes. Far from it. There are millions of people in the market place (as well as machines) all making decisions based on their subjective point of view of what they “think” will happen. Sure, some people do have rules and I am not saying you shouldn’t have any rules – quite the contrary, but you need to understand that just because you have a horizontal line on your chart from a higher-time frame doesn’t mean that price is going to touch it to the penny (or tick) and bounce off of it. This happens, but usually, you have larger players that know that all retail traders are looking at that level and most people have stops there. So, the large players will throw a bunch of money at that zone to break it and trigger the stops, then take the money from the stops getting hit and push price back down and even further lower. Well guess what your “rules” told you… “let’s go long when price breaks this level”. Guess what just happened? Johnny Stock at Goldman just pushed price through the level, trapped you (and millions of others) into a failed trade, then sold it faster than cold water on a hot day, just to get a better price. This happens all the time. This is why you need to answer QUESTIONS rather than have rigid rules that tell you A=B. Because that’s not how this works. Yes, rules for stop losses and profit targets are critical and you can be somewhat rigid on those, but just understand that you need to think for yourself in this and develop your own way of viewing the market. Having somebody like Andrew at your disposal is critical because while I encourage you to answer your own questions by putting in the time watching the recordings, Andrew can absolutely help you in getting the answer a little bit faster and even assist you in finding that answer. And it’s not just Andrew, anybody here in our wonderful community can answer your questions. We are all here to help one another out and to work together. I implore you to come up with some questions (only after you have watched the markets long enough and watched some recordings) and find the answers to those questions. Everybody is different and the questions and answers you have may not work for me, but that’s quite ok. We are all here to build knowledge on the market and to most importantly, learn for ourselves and develop our own style of trading. While it is impossible to master the market (anybody who says they have is full of themselves), we can certainly take advantage of certain imbalances. If you think you mastered the market, you have a rude awakening coming because the market is impossible to master and will put you right back in your place. But put in the time and effort, and you will be rewarded. Do not look at trading as a way to get rich quick or start making tons of money, because you will just lose tons of money with this mindset (I know from personal experience). Treat the market like it’s a school and a game that you need to learn the strategies of. Approach it like this and follow what I said above and you will reach success IN TIME.

Ever wanted to swap line styles on the fly and make a rainbow on your chart? You can do that in 5.5.0.0+. The hotkey isn't the easiest to understand, so I very quickly made a web utility for you (link below). How to Use: Go to URL: http://kaelmedia.com/projects/das-line-config/ Select a Line Type, default is HorzLine Select a Line Style, default is SolidLine Select a Color, default is Barney Select a Width, default is 1 Hit "Generate" Glance at the preview window and see if it is what you wanted. If it is, hit the "Copy" button and it'll be placed in your computers Clipboard. If you wish to share you creation, press the "Share" button and a special link will be placed on your clipboard to post in the forums. Example: http://kaelmedia.com/projects/das-line-config/?hotkey=ConfigTrendLine horzline dotline:035aab:1; Paste the copied hotkey (looks like: ConfigTrendLine horzline dotline:035aab:1; ) into your DAS Hotkey Configuration. Optionally, bookmark or save the line so you can edit it in the future (it adds the settings to the browsers URI/URL). How the Hotkey Works: The hotkey as designed will swap the DEFAULT config for the Line Type chosen, each type has one default stored for the user. So if trigger a hotkey with a horizontal line with a blue color, your very next (and all following lines) horizontal line you trigger on the chart will be that configuration (blue). Because of this, I have a "default line" hotkey and a series of colored hotkeys, this allows me to toggle back and fourth. Advanced Uses: Go HERE.

Was bored and wanted to nail these down since these are the current hot flavor of the week in the chatroom I thought others might be interested. Change it to your liking since I made it super low energy. It's UGLY. I just got it on paper so you don't have to. The VPA section is stolen from Anna Coulling's book. But I couldn't remember in real time what each anomaly meant. This is meant for someone whos read the book otherwise it might not make sense. If you haven't read it, I can send the book to you. Just PM me. Also almost any other TA book. The camarilla pivot point cheat sheet is just to remember what and how to use each as S/R and trade off it appropriately. VPA&CamarillaPP Cheat sheet.pdf

Thanks!! Sure, here we go: 1. the large drops in acct was "hulk" days ? Yes, some hulk days and some "deer in the headlights" days. 😄 2. Which tools u changed ? I went from DAS to TWS+TradingView for 2 reasons: 1- I wanted to trade options instead of shares, and TWS is much better than DAS for trading options 2- DAS is pretty expensive and I felt the monthly cost was pushing me to take trades to "make use of what I was paying for" and I wanted to remove that pressure. TWS is free, and TradingView is pretty cheap (around 300$/yr) compared to DAS, and I was already using TradingView for technical analysis anyways., I just love those charts and I find they are less taxing on my computer when calculating indicators in real time. 3. General or detailed info on strategy/setups and or risk reward as u profits are also very dramatic ? I used to scalp shares of stocks in play at the open using momentum, ORBs, engulfings, etc... kinda like what Andrew is doing. I was watching at least 4 to 6 different stocks every morning. I was also watching the level2 and Times and Sales for my active stock. I was using the automatic share size calculator by Kyle. It's complicated to explain exactly why it wasn't working for me but anyways... When I almost gave up in December of 2020, I decided to give myself only 5k$ for the whole year of 2021, and if I lost it all in the first week, just too bad, no trading for the rest of the year. And so, with such a little account, I had no choice to try options trading. I figured I would try to do the same thing as before, but scalping options instead of shares, and watching only 1 stock instead of 4 or 6. Since TSLA was and is still my favorite stock to trade, I decided to only look at TSLA every morning for a while and try to scalp options on it. It took a couple of months of setting up my new tools and adapting to this new strategy, and I almost blew up in the process (see the big drop to -27000 in early 2021, my account was less than 3k$ at that point), but I was able to recover and it finally started paying off. I also bought a macro keyboard to give me better control of my keyboard shortcuts and I feel like it made a big positive impact. I couldn't see myself trading without it now. So basically, I simplified my trading in many ways. I ditched the Level2 and Times and Sales windows, those were just too much information for my brain to process at the same time. I also went from watching multiple stocks to only one, which allowed me to really connect with the price action on the stock and feel what it wants to do a lot better. And I switched from shares to options and futures (I watch TSLA and MNQ for the market, so I will sometimes take trades on MNQ when I don't see anything on TSLA that I like), using only 1 contract on any normal day. Sometimes I will take more contracts when I'm absolutely certain of a move (I know there's no such thing as 100% probability but some moves can get pretty close to that) and I'll go up to 5 or 10 contracts which allows me to have those bigger green days. I also reduced my trading time to only the first 15 to 30 minutes most days, on rare occasions I will trade for the entire first hour but I try to avoid that as much as I can. Once I'll have a little green cushion (let's not forget I only reached break even yesterday), I will slowly increase my standard position size to 2 contracts instead of 1, then 3, 4, 5 etc. I'm hoping I can get to 5 contracts standard for the end of 2022, but we'll see. Right now I'm aiming for between 200 and 1000$ per day, and my max loss is around 500$ but its all good as long as I keep it under 1000$. I usually have 3 or 4 red days per month at most and they are usually more between 200-300 than 500-1000. Part of the simplification was also letting go of the chatroom, so I don't come in anymore, I trade alone, in silence. I can focus better and read the price action more accurately without the distraction. I hope that answers your questions, if you would like any other info, let me know! 🙂

Traders from Venus: Loses are fact with no escape. One said " When you know what not to do in order to not to lose money then you will begin what to do in order to win" so trade smart with no fear! Money will follow you 🙂 Above is my laptop work desk converted into trade station. Had it setup this week! Went with basics what was recommended in the BBT community site which is good enough to get the job done:)

In this video AdventureDogLA shows us how to set up Risk Controls in DAS Trader Pro. Risk Controls enforce limitations such as maximum daily loss, maximum shares traded per day, etc. Risk Control Page is a safety net to keep in control our loses, either to have an external control over our behavior as traders or due to a contingency such as failures in the internet connection, electric power outages, broker failures, etc. You can find "Open Risk Control Page" in DAS Trader Pro Account window, just right-click in any row of that window and Risk Control Page will open as a popup browser window to let you update your risk control settings. Some considerations: 1. This configuration works with real accounts and simulator 2. You can deactivate settings "Risk Control Page" anytime by leaving all in blanks and clicking SUBMIT 3. When you are using DAS linked to IB, or simulator, the Risk Control settings are handled by DAS. DAS staff updates your settings manually (the form is emailed to them) anywhere from 2 to 30 minutes during business hours. 4. In LOSS fields, enter a positive number. 5. “No new order” avoids orders for the current day 6. “Pos Loss” = Position loss. 7. “Enable Auto Stop” will automatically close your positions when you hit the Max Loss / Total Loss. 8. “Max Share - Max auto stop execution share per day” = How many shares can be sold / bought by the Auto Stop mechanism. 9. “Max Auto Stop Order Size” = Maximum size per order made by the Auto Stop mechanism. 10.“Delay for next order if exceed max order size (sec)” = Time between orders if the Auto Stop needs to place multiple orders to close your positions. 11. “Stop Gain Account Net Realized PL Thresh“, “Drawdown Percent of Max Net PL“ , “Pos Stop Gain Thresh “ and “Drawdown” - Like Auto Stop but for gains. The threshold is the profit the Stop Gain is looking to hit, the Drawdown is how much it can drop from that target before your positions are closed. Example, you set a threshold of 2000 and drawdown of 20(%). When you make 2000 in P/L, the Stop Gain will trigger, and will close your positions if you drop 20% ($400) from that value, closing you out at $1600 Net P/L.

Quickly put together a helper page last Wednesday (?) to calculate the extended Pivot Points. Takes in a symbol, gives you the values for S5, S6, R5, and R6. Note: This is for those that use the DAS Study -> Pivot Points w/ Camarilla and Post/Premarket data included. > Special Note: Daily charts in DAS exclude the Pre/Post market data, so the data will not align (thanks to RP for pointing this out), please use an intraday chart when comparing values. Create a hotkey in DAS with the following script: https://kaelmedia.com/projects/tradepivots/?symbol=%SYMB% To use, just select a montage and hit the hotkey you just created. It'll launch a browser window which tells you the levels for S5, S6 and R5, R6. You'll need to mark these manually on the chart. The API I use for the data may not have all stocks, so just be aware if you don't get a value to first check that it got the proper symbol. It should say the symbol on the page, if not, try it again. BONUS Tip!: For those that experienced the PivotPoint wackiness over the holiday, you can fix this by right-clicking the chart -> Data Config -> Set to 5 Days minute chart (get 5 days worth of minute data is what this means). It'll then have the data necessary to calculate correctly. The default value does not have enough data to span the holiday. Also, may I suggest that Peter's next Thor theme song be a cover of "Amarillo by Morning" as "Camarilla by Morning".

Every community needs a memes thread. I'll start.

I was getting burnt while taking the conventional ORBs at the open. It affected my pshychology when my first trade of the morning fails, even when I think the setup was perfect. For e.g, A beautiful strong 1min open candle on $TIGR below, with no wicks, I went Long and got stopped out. If my first trade fails then it becomes a catchup to overcome the losses and then achieve the daily goal, and my pshychology gets messedup. I found some ways to narrow the ORB setup down to a level which offers high accuracy and would like to share this strategy "Pullback ORB with Breakout Entry"|. I have tried this out for the last couple of months and it has worked very well so far. The reason for this setup: I wanted a high accuracy setup at the open. I don't like overtrading, I prefer one and done, if possible. I am time constrained during the day. I can trade only at the open for 30-40 mins. And I am not good at Trading reversals. About the setup: This Pullback ORB-Breakout Entry works very well with @WilliamH Harmonious Charts. Step 1: At the premarket, find a Harmonious setup, where the price action is above (or below) all the MAs on multiple timeframes 1, 2, 5, 15, 30, 60min and Daily (most of them, if not all). I prefer when the Harmonious chart is also ATH/ATL (All time High or Alltime Low) Step 2. Pullback candle: At the open, Watch the 1min chart for the first 2 mins. Check if the 2nd candle is a Pullback Candle. Then it is an Alert. E.g Below. Step 3: Breakout Entry: Wait for the 3rd candle to break the previous 2 candles high (only bodies, no wicks) and take an entry. E.g Below. Step 4. Profit Targets: This is usually high RR setups, some times as high as 3-4 RR and a good candidate for riding till close. Step 5. This pattern/Setup works as good when it occurs on 2min or 5min timeframes too. If step 2 doesn't occur on 1 min chart, switch to 2min chart and watch for the pullback candle on 2nd 2min candle. Continue Steps 2-4. If it doesn't occur on 2 min, switch to 5min chart and continue steps 2-4. P.S: Harmonious charts - Sometimes you may find higher timeframes as Harmonious and smaller timeframes not harmonious, Wait for the open to see if the price action becomes Harmonious on these smaller timeframes too. Contrary to other setups, this setup works well when it appears on smaller timeframes. Eventhough it may appear on 15 or 30 mins, the setup may not provide high RRs. These are not rare setups, they occur almost everyday on common stocks like $FB, $AMD, $MU, $UBER, $TSLA etc., At the open, I watch 6-7 stocks for this setup and switch from 1min to 2min and then to 5min. Please let me know if there are any questions.

This is a very common question, so hopefully this post can be a good reference. There is a new hotkey command called DuplicateWindow which lets you 'clone' an existing Montage, Time/Sales, or Chart window. All settings like hotkey buttons, colors, fonts, etc. will be copied over. How to: -Go to menu Setup > Hot key -Add New Item -Enter a Name and Hot Key. In the Script Field, enter DuplicateWindow -Press Commit Now you can simply select the window you wish to duplicate, then press the hotkey (CTRL+D in the above example). And voila, attack of the clones!

I'm a pretty heavy user of trading sim, and there only seems to be a bit of scattered info on it in the forums so I thought I'd post a detailed thread here along with some recent improvements they've done. For those who don't know, TradingSim (www.tradingsim.com) is a dedicated replay paper trading platform that runs in the browser. One can choose any date, setup a watchlist and playback stock data. There are buttons for play, pause, step to next candle, speed up, slow down etc. You can set your account size, buy, sell, short, limit and stop orders are all there. The advantages of using such a platform: Trade outside of market hours Drastically increase the amount of practice trading for a given time of day (for instance the open) Trade in different market conditions Use it as a research tool to study historical data, refine patterns and strategies, etc. One of the main drawbacks that people have commented here on the forums here is that it does not have pre-market and post market. They have since added this a little while ago. I'd say the only key thing that's still missing is level 2, although they do have order flow; and that also shows the current spread. There is obviously no premarket gapper scanner or anything like that. For trading practice I simply look up the respective recap from Andrew on youtube in order to get a watchlist. I spent quite some effort getting this das-like, and I'm relatively happy with the result. Take a look for yourself, and note that my DAS setup is slightly different than Andrews (I use green candles, different thickness MAs). Like DAS, there are a lot of options, it takes a little while to find everything you need. One rather critical option that vastly improved it for me was the 'Scale series only' under the 'Scale' of the chart settings. This stops the chart zooming out to fit the 50 and 200 SMA when they are out of screen. Just like DAS you can mark your charts with relevant levels from the premaket or daily, levels can be moved across charts via one by one via a copy-paste type functionality, but given the amount of clicking involved it's just as fast to draw them again. Some of the drawbacks the platform still has: Calculation of the VWAP in the pre-market is incorrect (I am currently in contact with them about this) No level 2 Hotkey functionality is a bit weak compared to DAS For active trades, it shows your average price on the chart, as well as relevant limit/stop orders, which is pretty cool, however once a trade is closed, there are no triangles to show you your orders. This makes it difficult for reviewing trades. This also facilitates overtrading or scaling out too quickly in my mind as you can't see the array of triangles you are leaving behind. During my usage of the platform I have found some bugs or oddities and sent them feedback. They have been fairly responsive about addressing all the feedback I have sent them, and a number of things have been fixed thus far. A word to pricing and competition. I tried both NinjaTrader and ThinkorSwin in the beginning, both of which are free. Ninja trader didn't work at all, replay only seemed to work for futures and forex. ThinkorSwim is also free but requires an ameritrade TD account. Based on feedback I heard from others from the community that it was rather clunky and not really usable, I didn't bother trying it out. TradingSim is $300 a year, and they offer a 10 day trial. Compared to the cost of DAS I personally think this is totally reasonable, particularly for people with jobs, or in other time zones who need to practice out of market hours. To conclude I want to emphasize that whilst I am happy with using this software, it is clearly no replacement for the DAS trader simulator with real time data and participating in the chat. Personally, I find I take tradingsim less seriously than the DAS sim, something about the fact the things are not happening real time really takes the pressure off. Therefore it is essential to participate in the market daily to practice in realtime market conditions, and on the platform you will go live with. I'd be interested to here from other members using tradingsim and what they think. Anything to add or any questions?

The Day Trading Plan discussed in this YouTube video is now available for download here. Supplementary resources: Sample Playbook Template.

Let's start with the agreement that the career or activity of day trading comes with inherent risk. As noted in Andrew's book, a large percentage of the total people that attempt to trade will fail. This is due to the fact that it is a deceptively difficult activity. For example, anyone watching Andrew's many recaps on YouTube sees something that has become intuition and from an outside perspective, he is "easily" making large sums of money day after day in the market. What they are not seeing at first glance are the years of training, mistakes, and struggles that it took for him to get to that place. He persevered through the learning curve, as any successful trader has, in order to become consistently competent in his trading. I'm yet to meet or hear of a successful trader that said they did not experience a good sized draw-down of their capital (or complete blow up of an account) before becoming successful, yet most starting out think it will never happen to them. Proper education and practice can drastically increase your odds of success. In order to do the same and make it through this training period with minimal losses we take actions to protect us from ourselves, because in this field we are the only one that controls our destiny. There are many layers of protection for new traders; the most obvious that come to mind are sim trading, trading with small size, and risk controls when all else fails. While trading (especially the way in which we currently operate today) is a uniquely modern task, it triggers some of the most primitive brain functions we posses as humans. From "fight or flight" (losing money/exiting a position too soon), to the rush of neurotransmitters produced causing us pleasure (clicking hotkeys/winning trades). Trading successfully is often in direct conflict of these pre-programmed instincts common to all of us. It takes time and practice to fight these forces. We often use sports analogies to make our point, but I'll go a different direction: Learning to become a pilot has parallels to becoming a trader. While theoretically after months of study and work in a professional simulator, one could perform the tasks needed to complete a full flight on their own from taxi to takeoff, navigation, communications, and landing. However, one would never think it sane to allow a person to make this leap. In order to bridge that gap you must spend many hours with a competent flight instructor by your side ready to take over the controls in an instant (risk controls). Additionally, you don't go from ground school to the controls of a 777. Instead, you spend hundreds of hours in a 2-4 seat, simple airplane at first (small size). The reason is the inherent risk, which is in this case death. From the moment your wheels leave the ground until they safely touch down, you are fighting one mundane, insurmountable force - gravity. Markets work against a trader in the same way as gravity works against the pilot. Both are unchangeable forces far greater than that of the individual. At any given moment there are millions of participants in the market and each and every other person trading is working their hardest to take your money to put it in their pocket. You are doing the same to them. But, you need not be smarter, better, or faster than the entire market, just part of it. Similarly, if you and your friend are being chased by a bear, you need not be faster than the bear, only faster than your friend. Losing in trading, unless stopped early, results in a financial death. At some point you must leap from the simulator to trading real money. The only way to do this and maintain some control over the amount of risk your are exposed to is by trading in smaller sizes. Sizes smaller than what triggers your ingrained fight or flight instincts, while you work out how to deal with the primitive, natural response to a dangerous threat. Once you learn to deal with this stress, you can safely increase your position sizing over time to what your capital is fully capable of. Andrew, or any successful trader, has rewired his brain to diminish the fight or flight instinct that stress causes and in turn produces irrational thought. He's done this by building confidence in himself with the knowledge he is capable of producing positive results over time. This is only accomplished by a track record of hundreds or thousands of successful outcomes. Continue to safely notch those successful wins on your belt, with small size one at a time, until you have the confidence to trade to your full potential Now that I've described the reasoning behind why we feel this way, here are some thoughts on how to trade with a relaxed state of mind: 1) Trade with small size - This does not mean 10 shares, or 50 shares, or 100 shares. By small, I mean small size of risk. 50 shares of MU trades vastly different than 50 shares of TSLA. If you lock yourself into the mindset of a number of shares, this can be disastrous. You can lose $500 in a minute on a low float or TSLA with as few as 50 shares, this is extremely unlikely with MU. 2) Work from the bottom up, not the top down. - By this, I mean before entering a trade determine a reasonable stop with enough room that normal gyrations in price won't stop you out. Then ensure that your reasonable profit target has the appropriate 2:1 risk to reward. Once that is confirmed, decide how many shares you can buy based on the dollar amount of risk you have decided is comfortable to potentially lose. If my max loss is $20 and I need a .30 stop, then the MAXIMUM size I can take is 66 shares. No matter what, I know if I stick to my stop I will only lose $20. This will not hurt me. This enables a relaxed state of mind. **All too often, new traders base share size either on some predetermined number (as I discussed above), or they base it on how many shares they have to take to hit a profit target. Base the share size on maximum risk, not profit. 3) Know that you are going to lose and accept it - We are human, and as humans, we feel a need to be right in the decisions we make. It causes us emotional pain when we have to admit we are wrong. Disengage from this type of thinking and know that there is not a trader in the world that is right every time, this is just something you have to accept in this profession. Fortunes have been made by traders with win rates under 50%, but they had great risk mitigation techniques and exceptional risk to reward in their trades. 4) If all else fails, use external risk controls. - https://bearbulltraders.com/lessons/das-risk-controls/ I wish you the best of luck in your transition from sim to real money! If you find yourself in a bind, always feel free to reach out to any of us that have been trading real money for a while and ask. We are here to help.

Hi all, Having a journal is a must. I feel like I have learned so much about my trading in just the 2 weeks trading live because of this journal. For anyone starting out like me, if you are serious about this business, take the time to have a detailed journal. How else can we improve something we are not tracking? I focus more on the details of the trade and what I was thinking at the time, IB has tons of report performance reports that I can pull later if I want to see the numbers crunched. Here is a screenshot and detail of my journal, I have 3 main sections on my recap: Screenshot Link: Click Here Section 1: In this section I record how I feel Physically and Mentally in the morning before I start my trading day. Comment if I was able to get my morning routine done as planned. (My mourning routine is gym, sauna, get to my station and write my Journal Intro, review previous day recap, then build watchlist) Section 2: Here I add a screenshot of my Das Trader Account Report, with the me a summary of what I traded for the day. At the bottom of the page I also have additional screenshots of the detail transactions. Section 3: In this section I track some information of the stock like float size and how I found the stock. I also note down details of the trade like the strategy, position size and details of the price action shown on the screenshot. The best part about this section is the “Well Done" and "Improvement Notes”. I read on “The Daily Trading Coach: 101 Lessons for Becoming Your Own Trading Psychologist” how important it is to track what you did well on a trade. This way your recap is not all negative but also highlighting the good things that you should continue to do. Software: Just some information on the software I use, I track my Journal on Microsoft OneNote. As you can see on the pages tab I track all my Trading stuff like highlights of the book I am reading and any training course notes. If you have not try this software please give it a shot. It has a lot of great features, syncs with all devices and is completely free. Thanks. Carlos M.

Hi All, my name is Carlos M. I am 32 and live in Northern Jersey, few minutes from the NYC. After 12 years of working as a Senior Operations Manager, I was laid off this past December. My company purchased GE Appliances and moved to their headquarters in Louisville, Kentucky. I thought I would be more upset about the layoff but I had 12 amazing years, and I was ready to move on and try something new. The company gave us almost a year and a half notice, that was more than enough time to prepare. (Plus a nice $$$ for years of service and sticking around until the end :) ) As my work started to transition to the new company, I found myself having a lot of free time during the day. I always had an interest in trading stocks and this was the perfect time to start practicing and getting ready. I did another online course and trading that did not work out (that’s a story for another time), and then I found Andrew’s Book and Chatroom community. Signed up for the Platinum package, I did the simulator for about 4 months and when live this month (January 2018). Looking forward to possibly meeting up in the near future with others traders and continuing being part of this amazing trading community. Carlos M.

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!

Hello Everyone, I just finished three months of live trading this past Friday, and about two weeks before finishing I came to the realization that something had to change if I was going to make it through the learning curve. After reading “Trading in Zone” and watching Mark Douglas’s “How to Think Like a Professional Trader” on YouTube, I decided I would create a 20-trade sample set to work on three areas of my trading. (1) Thinking in probabilities (2) Discipline to not give into FOMO (3) Holding my winners longer I figured since this is basically testing out a theory presented in one of the recommended Psychology books, I would make the results public so everyone in the community can see it. The desired outcomes I am looking for at the end of the sample set are: (1) Getting away from thinking trade to trade, and start thinking in a series of trades (2) Taming FOMO, so I do not get over excited and enter a trade too early (3) Confirm my profit taking plan is profitable over a series of trades. All of my indicators, confirmations, and risk analysis that defines my edge is based on information obtained in Andrew’s book and the lifetime Webinars. Edge Defined Strategy: 15 Min ORB – I chose this strategy specifically to force myself to deal with FOMO each and every day. I will caution that my edge does not appear every day, so there will be days that I do not take a trade. While tracking 5 Min ORBs and 15 Min ORBs for the last three months (total of 165 Stocks), I was surprised to see that 15 Min ORBs that meet my criteria appear more frequently than 5 Min ORBs. The percentage of them working is almost the same. 5 Minute ORB Pullback Met Parameters - 52 of 164 Total trades within parameters that have worked - 41 of 52 (78%) 15 Minute ORB Pullback Met Parameters - 55 of 165 Total trades within parameters that have worked - 41 of 55 (74%) Stocks for Watchlist: I select up to three stocks to watch based on the following criteria % Change – Gapped at least 2% but not more than 10% Catalyst – Needs to have fundamental news of sort. Vol – >100,000 Float – High or Medium float (> 50 m) ATR - .50 to 2.00 Trading – Must be trading higher than normal volume Exchange – I prefer Nasdaq over NYSE Edge Criteria: I have three parts risk analysis, indicators, and confirmations Risk Analysis: 1:2 or Greater Indicators: Must meet 2 of 3 Trades within the ATR Small share size with high volume Has a direction upward or downward (higher highs, higher lows, lower highs, lower lows) Confirmations: Must meet 3 of 4 ORBO closes above VWAP/ORBD closes below VWAP No large wicks/candles (wick cannot be larger than body, candles body not larger than ½ ATR) Closes near VWAP (needs to be within $.30) Has a pullback prior to breaking the opening range (cannot go past planned stop) Profit Taking Plan: As I am with CMEG, I have found you have to be very selective on when to take profits otherwise you are giving the money you make back in commissions, so I developed strict criteria for taking profits. Plan A – 1/3 out at just a little above 1:1 (this allows me to be at break-even if the stock moves back to my entry point), all out at profit target (+/- $.03) Plan B – 1/3 out at just a little above 1:1, 1/2 at profit target, all out at technical level or my first out Plan C – 1/3 out at just a little above 1:1, 1/2 out near the profit target if stock stalls near it, all out at the profit target or my first out. Share Size: I am taking share size based on a fixed dollar amount. Thanks to KyleK29 & fjmocke for the hotkey setup. Daily Trading Goal: My daily trading goal is to trade only within my edge, stick to my profit taking plan, control my emotions, and be disciplined. If I meet these then it is a green day regardless of what my P/L says.

I created this Google Spreadsheet to help myself with position sizing, and I thought I would share it with you guys. I always have this printed out and laying on my desk while I am trading. I did take this a step further and created a custom keyboard with hotkeys, but I will share that info at the end. With this spreadsheet you are able to calculate your position size on the fly, just by knowing the distance to your stop loss. By default, the risk is set to 100. This means every single trade that you take, you should lose no more than $100. An example would be, if my stop loss is 0.30 away, my position size for that trade would be 334 shares. You are able to change the default risk to what ever you are willing to risk, and your share sizes will automatically be calculated. Here is the link: https://docs.google.com/spreadsheets/d/1iD0qiPLulbYSFri9r38SG1Ke7eNiZdFHNg8MldGwSng/edit?usp=sharing To use this Spreadsheet: make sure you are logged in to your Google account, so you are able to copy the spreadsheet to your Google Drive go to File -> Make a copy... -> Then save it to your Google Drive Once you have copied the spreadsheet, you can now edit the default risk of 100, and your share sizes will be calculated accordingly A step further... The Keyboard Having this printed on your desk does help you easily calculate your position size, but it does have one drawback. You have to enter your position size in manually, which does eat up precious time. I wanted the idea of the chart used as hotkeys, so my solution was a custom keyboard. I have attached the proof I got back from http://www.wasdkeyboards.com, as well as a photo of the physical keyboard. How it works As you can see from the images, the distance to stop loss is printed on the alpha keys. If I have my hotkeys set up to risk 100 per trade, Short+Modifier+E would short the stock with 667 shares: Risk: 100 Distance to stop loss: 0.15 100 / .15 = 666.6 (667 rounded up) Conclusion Having the spreadsheet printed in front of me while I trade really helped with my position size. The keyboard really helped me execute my trades faster.

The Day Trading Reality Checklist discussed in this YouTube video. Download link: Checklist.pdf

Two computers with eight monitors. My primary unit has six monitors and the laptop has two screens. I usually watch 8 stocks that are in play and six secondary possible continuation stocks on the overhead 2K 37" screen. I have three montages. One screen for watching the $SPY, market clock, and network connectivity to DAS. The outermost right Dell monitor is for the chat room. The laptop is my hot backup with CNBC and other news feeds. I have a Bluetooth headset and a wireless mouse. I custom built this workstation. It is basically a gaming machine. Here are the hardware spec: Intel i-7 6700K @ 4.00Ghz 64 GB of DDR4 3200 RAM 500 GB SSD NVIDIA GTX 970 with two additional USB to VGA ASUS Maximus VIII Hero ATX motherboard Intel 10/100 NIC TV stand:: Amazon ASIN: B07581Z9SM Two monitor stand:: Amazon ASIN: B07MC9YX63 I believe Andrew Aziz is a very rare person because at his core he is a teacher first, daytrader second. He is passionate about changing people's lives for those who would apply his knowledge and instructions. He is the second person I have met in person that operates his business at an incredible level of integrity. The other person with strong integrity is Dave Ramsey. Every morning, when Andrew is not summiting a mountain, he shares transparently over 15 years of knowledge only gained from an unforgiving market that does not hesitate to trap money from an unsuspecting new trader. I have watched for over two years, an excess of 500 videos of Andrew and his team's trade recaps. Andrew and his team's success is that they trade the same set of strategies that are described clearly in his book. You can be suspicious of a strategy if only one person is successful at it. You could still be suspicious of his team that trades the same strategy. If you want, you still can be suspicious when members are successful using Andrew's strategy. However, when you combine the number of trades taken by all the traders over time, the evidence is demonstrating counter to your belief. Bruce Lee said, "I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times."

A little reminder not to Hulk out 😉

Robert is correct. Jason, here's what you do. Log in to the IB Acct Management page. Go to Statements. To the right, you'll see Create Custom Statement. Click that. On the next page, give the statement a name (maybe Commissions and Fees). Under "period," choose Daily. Then, in the "sections" at the bottom, click Commission Details. A check will appear showing you've selected that one. It is the only one you need to select. Next, mark any of the "Section Configurations" you want. You don't have to choose any. Click "continue" at the bottom right. You'll then get to review you choices. Click "create" at the bottom right. Next page, click OK. Next you'll be taken back to the Statements page. You'll see the custom statement off to the right. Click the little arrow to the right of the statement name. It will run the statement for whatever date is in the field (in the list of fields). This report will show you the total commission as well as the breakdown of broker charges and third party charges. Hope that helps!

Hi guys, I've been working on a nice dark setup that works for me on InteractiveBrokers TWS platform including : 3 monitors for active trading ( screenshot and XML attached below ) 1 monitor for watchlist + spy + scanner + portfolio Tons of Hotkeys ! And I 've been working heavily to setup hotkeys using Andrews' methodology : Buy long at the Ask + 0.03 Sell short at the Bid - 0.03 I implemented this on IB TWS using a similar approach but using : Buy long at the Ask with limit buy + 0.03 Sell short at the Bid with limit sell - 0.03 (check the screenshots below ) Here are the main hotkeys : (screenshot and XML attached below) New orders generators : Ctrl + [ 1 .... 0 ] : LMT buy at ask limit + 0.03 >> from 100 shares to 1.000 shares Shift + [ 1 .... 0 ] : LMT sell at bid limit - 0.03 >> from 100 shares to 1.000 shares Orders general management : Ctrl + Q : cancel all orders and close full position at market price but you can exit position using the opposite order ( Buy for Shorting and Sell for Longing ) Ctrl + C : cancel all active or pending orders for active chart Ctrl + U : partial placement every X cents with Y exits Ctrl + Enter : submit / transmit / update changes Tab : Select next order (inside chart) Order price changes : Ctrl + Home : move 0.02 up the limit price of the selected order Ctrl + End :move 0.02 down the limit price of the selected order Order size changes : Ctrl + RePag : add 100 shares to the current selected order size Shift + RePag : add 20 shares to the current selected order size Ctrl + AvPag : substract 100 shares to current selected order size Shift + AvPag : substract 20 shares to current selected order size If you have NO position opened yet Right clic on chart + Buy : enter long with $11.000 (default position) at the price selected on the chart after second clic (LMT order) Right clic on chart + Sell : enter short with $11.000 (default position) at the price selected on the chart after second clic (LMT order) Ctrl + S : Stop sell with $11.000 position for a short position at the selected price below current price (if placed above current price will sell inmediately) Ctrl + B : Stop buy with $11.000 position for a long position at the selected price above current price (if placed below current price will sell inmediately) If you have a position already opened Right clic on chart + Buy : close short position with LMT order at the selected price on chart Right clic on chart + Sell : close long position with LMT order at the selected price on chart Ctrl + S : Stop Loss to close a long position at the selected price on chart (whole position) Shift + S : Stop Loss Limit ($0.10 range) to close a long position at the selected price on chart during premarket (whole position) Ctrl + B : Stop Loss to close a short position at the selected price on chart (whole position) Shift + B : Stop Loss Limit ($0.10 range) to close a short position at the selected price on chart during premarket (whole position) New AutoHotKeys Script : ** F4 : Histogram / Volume by price indicator F5 : Refresh chart information F6 : Draw an horizontal line F7 : Remove all the drawings and personal annotation from the chart F8 : Draw fibonacci lines F9 : (De)activate Chart Trader F10 : (De)activate Chart Trader on smaller charts (yes menús are different) F11 : (Un)show completed trades marks F12 : Show window name Youtube video (7m) with fast explanation and examples (spanish with subtitles) : https://youtu.be/1gflAufNMxI Youtube video (1h20m) for the spanish community in BBT (with subtitles) : https://youtu.be/DOSHys3WoRk To access chart hotkey setup : File menu > Global configuration > Charts > ChartTrader > Hotkeys To download this hotkeys and layout : Download the text file attached : tws.txt Change the extension to XML File menu > Layout / Settings Recovery > Custom > Select file Do not forget to save your current setup before for roll back if needed ** AutoHotKey is a Windows Software that provide a simple macro script language to write down any kind of macro process that can be done over and over again. This software is 100% free and independent from TWS, however I managed a way to use a script that will only activate the above function keys on TWS windows. The function will be launched in the window which is inmediately under the mouse pointer, so be sure that the mouse is where it should be if you don't want any other function on TWS to be launched. This Script is very straight foreward and it has some comments inside to let you know what can be done with the keys and menu functions. I personally hated using the context menu or the main manu of the chart and click 3 times just to draw a simple horizontal line, but TWS has no support to many many basic commonly used tasks AND I DECIDED TO WRITE MY OWN 😉 To add on top of it the new AutoHotKey Script : Download and install AutoHotKey 1.33 software from : https://www.autohotkey.com/ Download the Custom Script file for TWS at the end of this post : TWS-AutoHotKeys.txt Open it with some text editor like WordPad, Notepad or SublimeText and check line 30 to add you own TWS Account Number Change the extension to AHK After launching TWS on your Windows PC, double click on the Script icon (which I personally store in the desktop). Last updates : Oct, 25th 2024 - Added two YouTube videos with examples (in Spanish with subtitles) Aug, 29th 2020 - Fixed AutoHotKey macro script to avoid using the macros outside TWS Aug, 28th 2020 - Added base subscriptions screenshot for L1 or SIM Aug, 27th 2020 - Added new Setup file with hotkeys fix If you wanna add option chanin information activate this options detailed here : tws_2020ago.txt TWS-AutoHotKeyScript.txt

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

My Plan to Trading Success: Background: One of my friends from German language class recommended Andrew’s book on ‘How to Day Trade for a Living’. After reading the book, I joined the BBT community in Oct’2018. I was on SIM for 3 months, completed the first BBT challenge. And finally I went live on 8thApr’19. I am new to Trading and hoping my journaling and feedback from fellow members will help me improve. My preparation before going Live: These are the books I read before going Live, apart from the BBT classes. It was very important for me to learn as much before going Live. Also, I read these books in the order mentioned below. I also listened to the Youtube audio version of Trading in the zone, the week before going Live and I must say that it helped calm my nerves a bit during the Live week. -How to Day Trade for a Living by Andrew Aziz - A Complete Guide to Volume Price Analysis by Anna Coulling - Advanced Techniques in Day Trading by Andrew Aziz -Trading in the zone by Mark Douglas -The 1 Hour Trade by Brian Anderson Strategy & Goal: During the first year(or 9 months) in 2019, I don’t have any target to make. My primary goal is to gain experience Live trading, to be emotionally stable when things don’t go my way and manage positions to my plan. And achieve all this limiting my loss. Good thing, I have control over how much I can lose, so I have decided to keep 100$ per week that I can lose (ie. 4000$ till end of the year). This is the max amount I will lose to the market, nothing more. This is not ‘Scarred Money’. It is something that I am paying for my experience. If I make any money along the way, then it’s good. It doesn't mean I dont want to make money, it just means, I am not in a hurry to make money. But I do plan to make a lot of money from trading may be a million $ some day. I also have the following measures to limit myself at the beginning of my Trading. Funding Account: I am not funding my IB account fully. I am doing it in 5 small transfers (roughly one each month). This limits my buying power during the initial months. Even if I make a DAS mistake I can’t buy more shares. As I improve my trading I start funding more. Under PDT rule: This also means, I am under PDT rule, and can make only 3 trades/5 days. This prevents me from overtrading. I am also extremely picky as my trades are limited. I think being picky is a very good habit in Trading. Stocks to trade: I don’t trade $TSLA, $NFLX which are very volatile. I trade $AMD, $MU and other Stocks in Play on a particular day within my price range ($15-$30) and not very volatile. I trade high priced, volatile stocks in DAS simulator or TradingSIM to feed my FOMO. Share size: I trade 50-100 shares per trade, depending on the Stoploss and volatility of the stock. I am not using my Margin from IB, but only Cash that I have funded. As I improve my trading skills, I will slowly increase the share size. Risk Control: Within my 3 Trades a week, first one I give it $50 Loss, 2nd and 3rd one $25 each. But because of my small share size and stoploss, I am well within my allowable losses during initial months. This is second level risk control. Rules: Only one trade at a time. This was my main issue in SIM. I get into multiple trades in SIM and end up in huge losses. Even if the action goes my way, I am unable to exploit it to my advantage as I am unable to follow my profit plan. Stick to my StopLoss: Many days in SIM, I had ignored my Stoploss and ended up in huge losses. Then I make some good trades and reduce my losses. End of the day, It gives me a feeling ‘If only I had respected my StopLoss I would have been green’ Don’t trade within 3 mins: My rule is not to trade within first 3 mins. But if the setup doesn’t exist, then I must wait till 5, 10 or even 15 mins from the open. Trading Style: I prefer VWAP trading (VWAP pullback during ORB, Reversal & False breakout after 10AM). I also like to trade 50/200 MA bounces especially on higher timeframes. I am not good at MA cross reversals. Quote I need to remember while Trading: "You will regret more about the STOP you didn't take than the one you took early"

Hey BBT! Sorry this was longer than expected.... I posted a couple recap videos under Justin S. It was so much fun trading live, but I’m going back to paper trading. I lost 500k on AMD today. Haha just kidding 😂😂😂. The truth is I’m just not profitable enough. I’m doing something wrong. I’m working on it. Need to get better at getting into the right trades. Let me say though, I managed my risk like a rockstar and never went over my max loss on a trade or on the day. That is a skill I must pat myself on the back for. There are many areas a day trader must work on, so identify your weakness’ to improve, but also recognize what you are doing good at. My small losses were adding up and I don’t want to dig myself too deep so I’m taking a step back to re evaluate. Sometimes it feels like going in circles, getting frustrated, but if you look back from where you first started we all have come a long way. Just a year ago I didint know what a candlestick even was 😂👍🤟! I am a stay at home dad and was hoping to be profitable sooner, but I will paper trade until I start growing consistently. There is no rush because It’s very important that I protect my trading capital and am holding it in Wealthfront account to slowly grow while I figure out how to be successful at trading. While trading live I focused on ABCD pattern. Some small wins and losses. I did have one perfect trade on MU that went right to my target. It was the perfect trade. I just was not finding that successful trade enough. Many pullbacks pushed up only a little just to reverse and not make a new high. I’m doing a lot of experimentation to do what makes sense for me. I’m even trying to trade without moving averages and vwap just so I can focus on the price and the levels it’s supporting at. Is that crazy? Maybe. I think these are things many traders go through to find there niche. I’m just happy that Andrew offers a lifetime membership so I can afford to stay with the community through the ups and downs. This is rare. Lots of people only offer monthly subscriptions. Andrew is a true stand up guy for what he does for his students and I really appreciate it. I knew I’d be in this for the long run so how ever many years it takes it’s good to know I have this community. Everybody’s recaps and struggles remind me to keep pushing forward. Even Andrew had to go back to paper trading at one time. Crazy! I hope one day I can post more recap videos, be consistently profitable, help other traders and go to a meetup to meet the BBT.

Just started to day trade in January this year. Got to say, Andrew’s books are like a torch that clarifies the world of daytrading for me. Along with all the videos made by members and contributors of BBT. Thank you so much for being so open about sharing your knowledge! God bless! Here is my VERY humble trade station. There isn’t enough time to juggle a day job, trading and workout when US market opens at 830pm local time. Hopefully the only thing I’ll be losing is the extra pounds.

I've been a member of Bearbulltraders since October 2018. I read Andrews first and second books in September along with a few other ones and I am really glad I did, his books are well written and well thought out and really gives you the tools and basics and most importantly rules and setups. I then wanted to join the community and see what real trading was like, I didn't even have a platform or setup yet, it took me about a week to realize this was not fake or a money making scheme. I then knew it was going to be something for the long haul and so it made sense to get the lifetime membership and so I did and I have not regretted it since. This is definitely not a get rich quick type of deal, it takes hard work day in and day out, but the people in this community are there to help and make it easier and they have! There is so many people I want to thank from Norm, William H, Robert H, Carlos, Brian, Abiel, I'm sure I'm forgetting people and of course Andrew who of course without him, none of this would be possible. Thank you guys so much! -Seth Aldrich

Joined BBT community in September 2017 after day trading 9 months on my own. Wish I had found Andrew’s book and the community earlier, but since then the knowledge gained and support of BBT has been amazing!

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

This topic gives an opportunity to share our experiences or may be even expectations for any new additions to be considered for trade room. Waiting to read more on this! As I have not been with any other trading communities before, so I can't compare. Can share my experience with BBT Trade Room, though it’s been only 2 months with BBT-Lifetime in my 3 months of day trading experience which started by reading Andrew's both the books(these are not just words in the air as we hear it a lot) I started trading LIVE directly by just reading those books alone, applying the strategies explained and observing the patterns. Not going for any other day trading books till I expertise in those strategies and techniques explained in those books. Consistency is very important for me as I am planning to extend day trading for living. Andrew always say- you don’t need to know each and every strategy, where there are hundreds or thousands of those (which may take full life time to experiment and gain expertise in all those, so no more time left for living lol). Once you find the strategies you understand well (as it differs from person to person, depending on their analytical background) and feel comfortable applying those successfully on a smaller share size and later increase as you build your psychology. Later you may try new strategies or trading approaches etc… Trade Room- I feel it is in a very structured manner based on how the day trading flows in a day and meet everyone’s trading related needs and support. I personally felt overwhelming the first month after joining BBT with all the information, different trading styles etc….Just finding your spot is all needed. Below is how I look at the structure which starts with: Carlo's Pre-Market Show- Finding range of stocks that are gaped up/down and are in play for that day and setting up support/resistance levels and quick news highlights. With the range of stocks starting from low, mid to higher price range to support all different levels of groups in the community. Andrew’s Golden Hour Show- With all his positive energy and his quick trades sharing live and being open to share his P/L(result of the process he goes thru), wakes up everyone in the AM.( Caffeine free lol..) Norm's Golf Trading Show- With his high price stock trading style, supporting those groups is amazing. Peter's Mid-Day Show- As he balances between mid to higher price range with mid-day reversal strategies till closing of the market, which supports those groups is fascinating. Brian's Swing Trades Discussion on Mondays- With his great knowledge and experience on trading, It not only supports ST group, also gives others a perspective of general understanding on stocks from different sectors play with variations and etc… William's Trade reviews (everyone’s favorite) and Robert’s outstanding support with his type of trends/wedges strategies and his support on DAS platform thru the forums is amazing. Besides all those the member’s sharing trade reviews on YouTube are great learning. Outside of the day trading there could be more to explore/expand on Swing, Options puts/calls etc…which is beyond the scope of my knowledge.

Just a few recommendations: 1) never base your stop loss off a dollar amount (ie: a $0.10 cent move) Use technical levels (patterns, moving averages, areas of previous consolidation, high/low of previous candles, etc...). I have a saying directly related to this, which is: "TRADE TECHNICALS, NOT P&L'S." $0.10 cents as a stop trigger is arbitrary, unless it coincidentally lines up with a technical area. 2) always aim for a minimum of 2:1 reward/risk ratio. And if the risk to a technical level (as mentioned in point 1 above) is too much to stomach, then take a smaller position, or find a different trade. Again, find a technical area for your stop (not an arbitrary dollar amount), then take a position commensurate with the amount of money you're willing to risk if things don't go your way on the trade. A 2:1 reward/risk ratio only has to pan out slightly more often than 1/3 of the time for you to make money. If you've read Andrew's book, and/or studied other technical literature, you can easily be more accurate than this. I would guess that my accuracy is well above 80%. 3) stop trading all day. 90% of "day-trading" money is made from 9:30-10:00. From 09:30-09:45 there is a significant amount of opportunity, but it also comes with more risk. From 09:45-10:00ish, there is still plenty of opportunity, but less risk... From 10-11 you'll find plays worth taking, but the movement will rarely parallel the opportunity you had from 09:30-10:00. Frankly, trading between 11:00-14:00 is, in my opinion, the source of many Day-Trader's demise. It leads to overtrading, which leads to giving profits back, as well as overspending on commissions. If you insist on seeing as much action as possible (for learning and repetitions), yet being efficient in the process, trade from 09:30-11, then again from 14:00-16:00; but leave during "chop," which is the window between. And just a little nugget for ya: The best moves/pivots are at 09:45, 10:00, 11:00, 12:00, 14:00, 15:00, 15:30. 4) learn to trust yourself. I'm willing to bet that there have been MANY trades that, had you just stuck with your intuition rather than stopping out -- you would have made money (cuz you were correct on the move). You must trust yourself in this game..., and back to a previous point - a $0.10 stop is taking control (trust) away from yourself, and basing said control on arbitrary metrics (as opposed to the education/wisdom you've acquired). 5) The final point I'll make is this: the more repetitions you get in, the more comfort and wisdom you'll develop. Trading is much like everything else in life, in that the more exposure you get to it, the more repetitions you experience, and the more practice you employ -- the better your acumen will develop. Nothing in life worth anything comes easy. If you want to be a successful trader bad enough-- the only person in your way is the person you see in the mirror. Keep your head in the game, keep persevering, and you WILL develop into the Trader you want to become. Gl; STAY GREEN!

This is my humble set up as of now. Currently trading on Simulator. Very grateful to have come across Andrew's Book and the BBT Community. I am a lifetime member, so it'll be my pleasure working with you all during this lifetime! Andrew's book is important but so is that Coffee Maker!