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Ending 2025 Balance with +1% per trading day: $60,160.78 ‼️

DAS TRADER PRO ADVANCED HOTKEYS – A PRIMER [2024-04-15: Production v.5.7.9.3] − Speed and efficiency are paramount in the fast-paced world of stock trading, particularly day trading. As traders, we are constantly seeking tools to gain an edge in the market. One such tool that has gained popularity among day traders is DAS Trader Pro, renowned for its robust platform and advanced hotkey scripting capabilities. − As I share insights about DAS’s Advanced Hotkeys, I want to underscore that most of the knowledge I’ve acquired about this craft—like many others in the trading community—was generously shared. I must acknowledge that I have no official affiliation with DAS Trader Pro software and that my present information is based solely on personal experience. − This presentation serves as my way of giving back—a small contribution to the community that has provided me with so much. Everything discussed here is intended for educational purposes only. It's crucial always to conduct your due diligence and independently verify any details, as this responsibility ultimately lies with you. The concept − The purpose of this exercise was to create a set of hotkeys for my trading. My hotkeys came from various good Samaritans willing to share; not all are equally effective. Understanding the complexity of the script itself was challenging at first. It's essential to test your hotkeys before trading, as you may realize they are not working as intended or don't meet your specific needs. − I set out to create a single hotkey script to fulfill most of my trading requirements, from buying options calls and puts to trading shares of stocks, long or short, while managing risk. The accompanying Excel spreadsheet allows you to input your specific settings. Want to trade stocks, long or short? Options, buying Calls, or Puts? Adjust risk levels? It’s all there. You create a script that aligns precisely with your trading style by customizing these parameters. Script Flow In this section, I will summarize the key steps in the script, from initializing variables to setting up the trigger order based on the defined trading strategy. 1. Initialize trading variables using the accompanying Excel spreadsheet (risk per trade, position size, price offsets, etc.). 2. Check trade bias: a. If LONG: Calculate the buy price and set up a SELL stop-loss order. b. If SHORT: Calculate the selling price and set up a BUY stop-loss order. 3. Compute position sizing: a. Account-based sizing uses percent position size, buying power, and risk percentage. b. Risk-based sizing using fixed dollar risk or percentage risk. 1. Dollar Risk : 2. Percent Risk 4. Adjust position sizing for options/stocks trading and ensure sufficient funds. 5. Determine minimum position size based on the lesser of account-based or risk-based sizing. 6. Prepare order details (price, route, time in force). 7. Execute or load the appropriate BUY or SELL order based on trade bias and order status. 8. Set up trigger order with stop type, price, action, and quantity. How to use the Script (please see prerequisite section) Using the script is straightforward if the script is linked to a hotkey: Double-click on your chart at your desired stop-loss price. Fire the hotkey linked to the script Conclusion In the exhilarating world of stock trading, where split-second decisions can either make or break fortunes, speed and efficiency serve as our trusted allies. Time saved is not merely a commodity but the defining factor between seizing an opportunity and watching it disappear. Cross-verifying information remains wise, just as one inspects a parachute before taking the plunge. This presentation humbly supports the trading community by fostering growth through education. Connect with me on X (@ItoThetrader), where I will do my best to address some of your questions/bugs and suggestions and try to improve. Happy trading! Despite my best efforts, there may be some errors in this document. I apologize if you come across any. After all, making mistakes is human, and I am only a mortal armed with a keyboard and a spellchecker. Download the accompanying Excel file Ito DAS Advanced HotKeys Primer v0.16.6.pdf

@members due to very profund changes in the chatroom and my lack of time in the past months the theme shared in the first post of this topic no longer work. I took some time to update the icons for the 6 tabs and few things more. Here is the result. Please refer to the first post of this thread to check how to setup it up ! protradingroom_v3.txt

Hello, I am Rong from Seattle, Washington, USA. I am a software engineer. I just finished my bootcamp training and started using BBT. I trade opening momentum breakouts/breakdowns. I developed trading bots to execute orders for me to achieve fast order submission and following my rules. You can read about my trading bot here https://docs.google.com/document/d/1WN9hR-SVI6q3vMwEA69xNbXWvPmpl2Zt14jnxqHydPQ/edit#heading=h.ajxsjfzc2f52

We can now process orders anytime, just like if we did it manually. All the details here.

Hey everyone! Excited to have found the BBT community. I'm 44 and recently moved to the Cincinnati area. I have driven past a billboard about learning day trading for over a year now, and for some reason it resonated with me this week. Mainly I think what prompted this was listing to Tom Bilyeu taking about breaking the time for money equation. I've had in interest in stocks and stock investing for a long time now, but I've always hesitated about day trading for all of the negative stigma around it. But as I started to look into this one company's training program, I started looking around the marketplace and Reddit and have come to believe the overwhelming feedback out there that you don't necessarily need to pay for expensive trainings and individualized coaching, but you DO need an appetite and willingness to learn and the support of a strong community. Enter BBT. I found Andrew's book and the BBT podcast and am grateful for both! I'm not all the way through the book yet, but I'm excited to crush it pretty quickly, join the next onboarding training, then getting after it! I'm really looking forward to getting to meet everyone, learning the trade smartly, then graduating to real investments in the near future. Cheers! 😃

Certainly, let's explain the terms with a little help from Google and ChatGPT! 1. **IDAS** IDAS is the DAS Trader Pro platform designed for mobile devices. 2. **TotalView** TotalView is Nasdaq's premier data feed, which displays every single quote and order at every price level for Nasdaq-, NYSE-, MKT-, and regional-listed securities on Nasdaq. It provides visibility into all displayed quotes and orders attributed to specific market participants, including access to total displayed anonymous interest. 3. **IEX Deep** DEEP is used to receive real-time depth of book quotations directly from the IEX Exchange. The depth of book quotations received via DEEP provides an aggregated size of resting displayed orders at a specific price and side, without indicating the size or number of individual orders at any price level. 4. **Forex (Foreign Exchange)** Day traders in the foreign exchange (Forex) market engage in buying and selling currency pairs within the same trading day, with the aim of profiting from short-term price movements. Forex is highly liquid, and day traders use leverage to magnify potential gains or losses. 5. **FLOAT Data** In the context of day trading, "FLOAT" typically refers to the public float of a stock. The public float represents the number of shares available for trading by the general public, excluding closely-held shares. Day traders often consider the float when assessing the liquidity and potential price movements of a stock. 6. **Replay Level 1** Traders can use the ability to replay Level 1 market data to analyze their past trades or to practice and refine their strategies. It allows traders to review the last traded price, bid and ask prices available during historical trading sessions. 7. **ARCA OPRA** For day traders, "ARCA OPRA" might refer to options trading data on the NYSE Arca exchange that is reported to the Options Price Reporting Authority (OPRA). This data is crucial for options traders to make informed decisions regarding options contracts listed on the NYSE Arca. 8. **Level 1** Level 1 data, in day trading, provides essential real-time information, including the last trade price, bid price, and ask price. Day traders often use this information to monitor current market conditions and make quick trading decisions. 9.** Level 2** Day traders rely on Level 2 data to gain a deeper understanding of market depth. It includes a list of current buy and sell orders, the number of shares or contracts available at each price level, and quotes from market makers and ECNs. This detailed information helps day traders assess market liquidity and identify potential entry and exit points for their trades. voilà! AND the realtime data feed is included in those DAS subscribtion!

Hi there I am sharing a sample swing trading plan to trade stocks in short-term rallies in a long -term uptrend. This is for discussion purposes only. Please feel free to send comments/discussions so our BBT Forum can benefit from same. The sample plan is based on information from instructor training, textbooks, Webinars, other swing trading plans, and information available on the internet over last few years. One good point up front is to keep things simple and this seems to be working for me. This is a sample base Stock Trading Plan that can be detailed to suit individual requirements. In summary, the plan generally consists of: 1. Prepare a Watchlist of stocks with good fundamentals: growth and revenue 2. Fundamental analysis of each stock in the Watchlist 3. Technical Analysis of each stock in the Watchlist: Trend, trend strength, momentum, and comparison to market, sector, industry and sub-industries 4. Graphical analysis/markup: confirmation of: long-term trend, short-term retracement, and start of short-term rally; buy point, projected target price, projected target time frame, stop loss exit point, partial and final profit exit points 5. Risk Management 6. Miscellaneous routines and discussions Initially the routines seems time consuming but after time it gets better. Please note this is not an investment advice. Please seek investment advise from your own investment advisor. The attachments and notes are for illustration and discussion purposes only on our BBT Forum. 1-Swing Trading Plan - Short-term Swing Trading - Presentation.pdf

Hi There, I am wondering if there are any Canadians here in the community that do active day and/or swing trading as a business? I am in the same boat, and am looking for recommendations on an accountant who has experience with day trading business taxes. Any pointers would be appreciated. Thanks!

Hey my girlfriend and I live in Poway area. Is this group still active? Would love to connect with other traders.

I admired the other traders that post their trades on the BBT site. I have been trying to get the courage to start. If I am embarrassed to post the trade, I shouldn’t have taken it. So I want that consequence on my shoulder. So I promised myself when I switched from Etrade-pro back to DAS, which is much easier to journal, I would post my trades. I have been live for 3 months now. First week live on DAS. 1st week of February Risk: $25/trade Max allowable trades per day: only 1. I am having an over trading issue that I am trying to resolve. So I have a self-imposed limit of one trade per day. Friday 2/1/19 Well being score of 5.5/10. My one allowable trade was with FB. I do apologize for the chart. This was my last trade with Etrade-Pro which doesn't automatically show entrance/exits. The tech level I drew at 167.51 was too weak to act on (that is why I drew it in yellow - stronger ones are orange) so I let it go by. After the 2min candle the price sat for awhile, until it started to move and I went long. I took a partial at 1R. Price just missed the second partial at 2R by a few pennies. The 5th 1min candle spooked me and I exited. Monday 2/4/19: I gave myself a “well being” score of 4/10, which is below allowable limit to trade live. So I traded on SIM. Made 3 good trades, but since they were on the sim I won’t journal them here. Tuesday 2/5/19 Well being score of 5/10. My one allowable trade was with AAPL. A very bullish 2min candle was created and I went long as it passed the recent premarket high. I didn’t have a strong technical level for the entry or exit so I cut my shares in half (so only a ~$12 risk). Got lucky on the last exit. Wednesday 2/6/19 Well being score of 5/10. My one allowable trade was with MU. Stock made a nice ABCD inside the 5min. I was going to wait for the 5min candle to finish, but when it made a new high on increased volume I went long at 9:33am. It fizzled quickly and I got all out when it looked like it was reversing. Thursday 2/7/19 Well being score of 5.5/10. My one allowable trade was with TWTR. I made a mistake on this one. But, it didn’t cost me much to learn a good lesson. I have learned to be sloppy when zooming in on a chart not to look carefully at the tech levels because Etrade always lists the next level you drew on the edge of their chart. So you always know the next level with a quick glance. So I was careless when zooming in on TWTR and caught the 2nd tech level and not the first. The price dropped below the tech level I was going to short on, but I thought the risk/reward was so large I let the price make a new low of the day. Once that happen I shorted. Once the price dropped a little the real tech level appeared on my chart and I realized I trade now has a 1 to 1 risk/reward ratio. If I was aware of this level I would have shorted at the 31.1 level I drew where the risk/reward was OK or just not trade it. Usually, when I realize the risk/reward is wrong I get out of the trade. This usually occurs when you get a bad fill. But, since the price was moving in the right direction I waited for the 1st tech level to close the trade. It missed by a penny and retraced. Since this is not a real trade anymore, just one I am trying to get out, I stopped out at break even. Friday 2/8/19 Well being score of 6/10. My one allowable trade was with MU. The tech level I drew and the 1min VWAP coincided making it a strong tech level and I really like it when the 1min VWAP and 5min VWAP get a large separation. I took the trade at the 1min VWAP and made the 5min VWAP the first target. This trade had a very tight stop out level (just below 1min VWAP). I took the first partial at the 5min VWAP with the plan to take the next partial at the 2nd target (200MA). But, I got cold feet and made the 2nd partial in the middle of nowhere. Then all out a few cents below 200MA. It's interesting what a different perspective I get on my own trades when I post them like this. After what I thought was a good week trading and was reasonably happy after reading my journal entries, I now look at the these trades posted and I am not really proud of any of them. They look quite haphazard and not well thought out. The Friday trade with MU would be the closest, but not quite. Something for me to think about. Thanks for reading, Rob

just go here and do not forget to read this as well as there are some requirements to be set in the settings too

Hello, I'm Eleanor, from Ontario, Canada. I've been a BBT member for a couple months now and recently started sim trading with the funded account. I work a corporate job that I enjoy, but have been in the same role for a long time and wanted to learn something new, and I have been intrigued by day trading for a long time and decided now was the time to learn. I love the community focus of BBT and hope to see many of you in the chatroom!

meanwhile look here for hotkeys

Hello everybody, I am Olus, from Belgium. I work as a Consultant in Financial Services after +16 years working in Brokerage where I held commercial & operational positions. I trade for more than 12 years now,... Although I am good with investments management, I suck at trading where all of my 12 years have been in the red. The reason is simple: I tend to TILT after a couple of losing trades and begin revenge trading with overleverage, with a well known result: blowing my accounts & losing it all. When I look to my past performance, I see that 10 to 15 trading days are causing my accounts to blow. I can have 10, 15, 20 positive days but when it have a 3-4 losing trades streak, things get wild and I lose control. This is thus the area I work on and the reason I have joined this community. Ensure to follow my trading rules & stick to my plan. I know that it is the losing days limits which allow us to have positive results at the end of the year. I have read tons of books on Trading psychology, which is a passion of mine. It is now time for me to respect the process. And I count on the presence of the members to support & motivate me on this path.

Great Day !! What is your R Risk per trade ? $100 ?

📉+$1022 TSLA Breakdown from Previous Day High, AMD/NVDA VWAP Breakouts🚀 Trade Date: 7/5/24 TSLA, gapped up and extended on the daily, saw a rejection of R1/R2 and was testing previous day high. I shorted at the break of PDH to S1/PDC and all out at S2 before the bounce. AMD, gapped up on the daily and ran from the gates. Sold off hard to R5/R6/Pre-Market High but bounced back to the trend lines on the 1 min. I went for a hold of trend and VWAP breakout, initial small size, then added as we held trend and were making higher lows. There were no cam levels to partial at and used HOD and pure momentum to exit. This was a hard trade to gauge however QQQ was breaking out. NVDA, rejected R2/PDC early but was holding VWAP. Went long for a scalp to R1/PDC. The 5-min chart was ugly and I did not feel confident holding this beyond momentum thrusts to liquidity pools. Thought we would test PDC again but we were rejecting and exited at B/E before the selloff! #TSLA #TESLA #AMD #NVDA #NVIDIA #VWAPBreakout #LODBreak

as you anticipated right, there is more to discover. see this and especially this good luck!

Hi everyone! My name is Daniel, and I'm from the San Francisco Bay Area. I currently work at a computational biology startup, but I've been interested in trading for awhile now. I finally mustered up the willpower to learn more about it, and I recently finished Andrew's How to Day Trade for a Living book. I'll be honest, I didn't have a set goal in mind when I started this journey, but I've been hooked ever since I started reading the book. It's been a long time since I've enjoyed doing something so much, and I want to learn as much as I can as quickly as possible. I've been attending the morning pre-market and trading sessions, but I'm very much a novice, and I'm still figuring out how to set everything up. If anyone is also new and wants a buddy to learn and trade with, feel free to message me and we can connect! Looking forward to meeting other traders, and I hope I'll meet you all soon 🙂 Best, Daniel

@peterB is way better then me with those question. best!

flip is just a double position stop but sometimes you may be not filled because of margin requirements so be aware of that

$PRICE+($TARGETR*2); this is not possible in DASTrader as it dooes not know the mathematical logics and brackets you need to do $PRICE+$TARGETR+$TARGETR instead see the log for the errors you get. there will be an error about route not being "LIMIT" etc. overall you should switch to the new syntax and forget the old one as the calculations done in the old syntax are now useless and it will be easier for you to understand what is going on rather than studying why the switches between SShare and Share are there

solution of 2024 here https://open.substack.com/pub/traderpeter/p/das-trader-advanced-hotkeys-part-777?r=1wujo4&utm_campaign=post&utm_medium=web

You cannot have it on montage yet (being a chart indicator). Maybe I can ask to be able to name a button with a variable then you would see it on montage as a new button. this was possible for years as a chart window now you can have it like this or like this - the yellow lines or like this on a hotkey/hot button all explained here https://open.substack.com/pub/traderpeter/p/das-trader-advanced-hotkeys-part-c83?r=1wujo4&utm_campaign=post&utm_medium=web and here https://traderpeter.substack.com/p/das-advanced-hotkeys-part-4?r=1wujo4

https://open.substack.com/pub/traderpeter/p/das-trader-advanced-hotkeys-part?r=1wujo4&utm_campaign=post&utm_medium=web to use dynamic risk instead of static risk we can use calculations by reading the Account Object for example: $myACC=GetAccountObj("YOUR_ACCOUNT_NAME_HERE"); $myIE=$myACC.equity; then use the $myIE variable instead of the static risk. I will cover it in the next article I am preparing regarding the reading of object properties. Or as I mentioned in the other posts, do it by changing weekly the static risk

https://open.substack.com/pub/traderpeter/p/das-trader-advanced-hotkeys-part?r=1wujo4&utm_campaign=post&utm_medium=web if your account is 50000 just set the static risk to $50.

Look forward to seeing you Mina

I am confused with the difference between the DAS Trader Pro account and the simulator account. I understand that the simulator is not connected to a brokerage and costs approx $100/month. The DAS Trader Pro is connected to the brokerage and costs $150/month. I currently have a 3 month simulator plan. I also have an IB account. If I set up a DAS Pro trader account does that mean I will be paying $250/month to DAS for both the Trader pro acct and the sim? Or does the Trader Pro account include the simulator? Do both accounts have to be configured separately, or do the screen formats sync automatically? Can I simply switch from one account to the other, or do I have to log out and re-log into the other. Sorry for the confusion. I was briefly using the IB trading platform and it was easy upon login to choose either paper or live trading. It seems expensive to pay for the DAS pro trader and the simulator separately. Thank you for any help or if this question has already been answered. I did search the forum. Kelly

Hi, I would much appreciate if you could help creating a DAS hotkey for options trading? I'd want to buy a contract with the size based on criteria; - contract size: limited with a defined buying power ($2000) - Price entry: mid price - Attached a market stoploss: 85% of average cost Thank you so much for your help.

I use both, and from my experience, some orders do not get filled, and has a huge slippage on the stop market orders. Especially volatile stocks with wide spreads like nvda. You have to do the math, for the vol of shares I trade on nvda, the avg cost for the week using IB is around $60, about 250/mth. TD, free. But I do notice that I have bigger slippage, sometimes up to .30-40 on entries, and stops compared to IB. However, the overall performance on stocks that has slower moves, and tighter spreads, such as $aapl, not much of a difference. it is a toss up for now, but as you move into bigger shares, and volume, then you have to calculate if the slippage loss on a given stock is worth the commission free trades. For now, yes for me on nvda, since most of the time, I am looking for min. of 2-4 dollar move, and the .15-25 slippage in entries, are. usually 5-7.5 loss, but make up for it in the trade. Limit orders are decent, but market orders execution on TD is terrible. But as i said, I have never been able to accurately tell how much slippage, but some of the stop/market orders have slipped by .20-35 cents. If you have 100-200 shares, that's 35-70 dollars. Yes, I have seen such loss on a stop that is suppose to @b/e. However, Ib has some slippage on market orders, and stop/market. But it is usually .5-10 cents. Nominal. What I am thinking of doing is placing a bracket order .25-40 cents in front of my b/e limit order. The only danger about using a limit order, if it doesn't get filled, you can face a big loss. Stop market, you will get filled, but not at the price you have it placed, due to the slippage. so, yeah, one of those things that we deal with. I can't help but to think the mm and the brokers benefits from this somehow, but there is no way to prove it. I think they use micro pennies to make profits, but probably make a killing taking in the diff between a spread, and the slippage, if they can slip it in there. 🙂 Happy trading Everyone.

This stop is not right: ROUTE=STOP;StopType=Market;StopPrice=AvgCost;Share=Pos+share;TIF=GTC;BUY=SEND. Share=Pos This is a hotkey to partial 50% and move stop to B.E CXL ALLSYMB;ROUTE=SMRTL;Price=Ask+0.05;Share=Pos*.5;TIF=DAY+;BUY=Send;TriggerOrder=RT:STOP STOPTYPE:MARKET StopPrice:AvgCost ACT:buy QTY:POS TIF:DAY+ You should add Cancel order when you partial or close out pos with the last hk CXL ALLSYMB;Price=ASK+0.05;Price=Round2;Share=Pos;TIF=DAY+;BUY=Send; You should have orders window to see what's in there, somtimes big loss comes from unknown open order in there My breakeven hk for both way CXL ALLSYMB;Route=Stop;Price=AvgCost;StopType=MARKET;STOPPRICE=AvgCost;StopPrice=Round2;Share=Pos;TIF=DAY+;Send=Reverse This hotkey is very good to cover 50% at market for both way CXL ALLSYMB;ROUTE=SMRTM;Share=Pos*0.50;TIF=DAY+;SEND=REVERSE

Hi, most people here use DAS, including Carlos (I used to but don't anymore). If I was choosing one or the other then I'd choose DAS but Bookmap complicated matters for me. It depends what kind of trading you're doing, if you're a scalper like Andrew then DAS is better. The executions are better so those split seconds count as you're entering at the point of the market where you often expect it to go immediately. This is what DAS is going for, quick executions. IMO the executions in TWS are fine if you're looking for more point to point moves but aren't as quick as DAS. In terms of charting TWS is missing some features that DAS has that people here use such as highlighting bigger orders on Level 2. However, this isn't a strength of DAS either vs other providers (as I mentioned their focus is execution speed) for example things like volume profile is incorrect in DAS because they use a less data intensive method for the benefit of speed rather than do it accurately (I asked them to do it properly but they refused and said they don't intend to fix it). Therefore depending on what you're using you may be fine or you may have issues with charting (with both) which is obviously a difficult question to answer for a newer trader. DAS has replay which is also helpful for a new trader but BBT now has a free replay on trading terminal so it's not as big an issue now vs when I started. DAS hotkeys are more customizable, things like fixed risk hotkeys are missing in TWS. So DAS has the edge throughout but the reason I went to TWS from DAS is Bookmap, imo it helps tremendously read Time & Sales and Level 2 and my decisions as a result are much quicker (far outweighing the benefit of DAS execution speed for me, also should point out DAS was around 200-250ms delay for me vs I think 50-100ms for some NA traders because I'm based in Australia), many members here use bookmap. It's lacking education content in BBT at the moment (but I believe is coming) because Thor is the only mod who uses it and has just started. I'm using bookmap to chart in the shorter timeframe and make decisions. DAS therefore became a $200 a month (stocks and futures) platform just for execution and I don't see the value for the type of trading I do (not scalping). I only use TWS for a little bit of charting and execution really, I won't necessarily continue executing in TWS as it doesn't give me everything I want but doubt it would be DAS either. As I said most people here use DAS so I will say my opinion isn't the consensus opinion.

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.

Just loaded it up and it looks great. Thanks for sharing!

It is said ( from the trading books and experienced trading mentors) that it is better to stick with just one ( or at most two ) strategy for either day trading or swing trading. The advantages include: - by focusing on one strategy, you can better ( easier ) find out the accuracy and profit/loss ratio of your strategy; by a number of testing. - there are all kinds of entry points / setups during the day in the market, by " filtering out " the various opportunities and narrow down to just one type of setups ( entry points ) , you are easier to react to price actions that keep moving and changing, and your emotion will be more stable and easier to control and be calm. It is said that " do not attempt to catch all opportunities in the market " & " Less is more". Hope it helps.

First of all, apologies if there is a simpler way of doing this, or if it has already been discussed. I've been playing around with my stream deck, I've never really used one before, and I found the multi action key incredibly useful. I've always had problems with not taking profits or taking them too early, so I setup a multi action hotkey that buys into a position with my stop where I double clicked using this FocusWindow Level2;StopPrice=Price;Price = Ask-Price; Share = 200 / Price;ROUTE=SMRTL;Price=Ask+0.03;TIF=DAY+;BUY=Send;TriggerOrder=RT:STOP STOPTYPE:MARKET STOPPRICE:StopPrice ACT:SELL QTY:POS TIF:DAY+ I then use for my multi action hotkey the following, a profit target of 2R of 25% of my size FocusWindow Level2;Route=SMRTL;Share=Pos*0.25;Price=AvgCost-StopPrice;Price=Price*2;Price=Price+AvgCost;Price=Round2;TIF=DAY+;SELL=Send 25% at 2.5R, cancel stop orders and set stop to break even CXL STOP;FocusWindow Level2;Route=SMRTL;Share=Pos*0.25;Price=AvgCost-StopPrice;Price=Price*2.5;Price=Price+AvgCost;Price=Round2;TIF=DAY+;SELL=Send FocusWindow Level2;Route=Stop;Price=AvgCost;StopType=MARKET;STOPPRICE=AvgCost;StopPrice=Round2;Share=Pos;TIF=DAY+;Send=Reverse; and 25% at 3R FocusWindow Level2;Route=SMRTL;Share=Pos*0.25;Price=AvgCost-StopPrice;Price=Price*3;Price=Price+AvgCost;Price=Round2;TIF=DAY+;SELL=Send I know this is really simple, but before when I did want to do this I was entering my trade with a hotkey, then pressing all the additional ones. As I mentioned, apologies if this is really long winded approach, please do share any more optimal methods 🙂 Jono

@Paul aka Aurbano - My man! Just making the world a little bit better one piece of code at a time 🙂 Look at this original formatting of the tickers and how they get cut off: And now look at Paul's version:

Hey, I opened up a personal account since I'm trading (and filing taxes) under an individual (non-business). In your case, I would assume you open up as a professional if you are trading under a business entity. However, I would double check with IB to see what their definition of "professional" because it can be confused with a "pro" trader (IE. insider, director, spouse of insider, etc...) Currently, I'm trading as under "personal" and plan to file taxes under self-employed (if I make money LOL). This is because it's the simplest way so far. Once I get consistent and profitable with my trading, I'll eventually incorporate and file taxes as a corporation. The main benefits to doing so would be limited liability and decrease taxes. Some disadvantages would be cost and complexity for accounting (book keeping and tax reporting). I plan to do all the bookkeeping and tax reporting myself as I really don't trust accountants especially for the cost to pay them. In general, there are 3 ways to file day trading taxes as a Canadian: 1) Self employment 2)Business Income 3) Corporation **Also this is not to be confused with swing trading or investing as you can utilize a TFSA account for tax benefits. I'm talking strictly day trading.** Check out these resources for the details: https://bearbulltraders.com/course/technology-monday/lesson/broker-trading-platform-tax-services/topic/managing-taxes-for-canadians/

Not sure if this is the right forum for this as I couldn't find one where it "fit" the criteria perfectly, so move it as needed. In the documents linked below is an example trading plan that I created many months ago from various sources, as well as my own thoughts. I've developed many business plans in a similar fashion and the way I get the most done is by typing up a list of questions, printing it out, and writing (or typing) thorough answers to those questions. You then wait a few days (reset your mind) and return, putting those answers into concise statements / paragraphs to form the basis of your overall business plan. For a trading plan, you may never do the second part (putting it into concise paragraphs), that's OK. The intended purpose of a plan (for business or trading) is to make you think and develop a vision for what you feel is success and how you intend to go about reaching your goal. Just like a business plan, you may deviate from it, you may go slower than you projected, and / or you may alter it along the way. It doesn't matter how you use it after you create it, it's just there to put you back on the tracks if you come off or serve as a reminder to the longer term goal if you're having a short term struggle. Some Tips: - I encourage you to really reflect on your answers, get granular with them, the more you get out of your head now is the more you'll be able to power through in the end. My last major business plan I wrote risk-aversion scenarios for coupe d'etat's (it was for the Middle East) and an assortment of what-if's related to the region - you won't need that here (although, maybe you have terrible in-laws and it's not out of the question), but it helps to think complex (possible) scenarios through as you'll be more prepared to react if it happens. - Set realistic goals. I took a few psychology courses on goal setting at university for my degree and they all seem to agree. Break the goal up into small obtainable steps and build momentum. So don't say "I want to be a billionaire in 5 years," reframe it as "In 5 years, I'd like to have my house paid off entirely, and I'm going to do it by ...". A goal too far out of reach or without structure is useless, even if there's a slim chance. The document has questions for the following sections: - Introduction --> Just a brief overview of what's intended. - Overall Goals & Strategy --> Questions regarding your intended trading goals and strategy. - Education / Evolution --> Questions about how you're going to gain knowledge and evolve to meet your goals. - Psychology --> Questions for how you plan to deal with the psychological aspects of trading. - Timeline --> Your intended timeline of milestones. How you plan to progress through it. - Future You Statements --> Prejourney Statement (message to yourself to be read after you've completed the journey, written in the future-sense like you're talking back at yourself.) - Time Statements --> Done at certain intervals, a quick journal of your progress so far. - After Completion Statements --> Area for you to reflect after this leg of the journey is over and you're about to start the next. Documents: Template File (with example data): https://drive.google.com/file/d/1hKLkaPc4pYXNIpjv26ud3pFLWbeBogvL/view?usp=sharing Template File (blank, just questions): https://drive.google.com/file/d/14VL_ZVk1gBgqpKNeYwiNJDYwfWfSF2gS/view?usp=sharing

Thanks Paul. I did call DAS just now (702.943.1881) and they said I would have to pay double if I linked DAS to both CMEG and IB US simultaneously. Although you can link DAS to more than one IB US account simultaneously for no extra charge, that does not apply for different brokers. Also this question that I asked is premature as both the 14 day free trial and the 3 month BBT promotional discount for DAS do not use or require a broker.

Hello Everyone, My name is Maitri and I live in Saanich, Vancouver island . I am newbie in trading and have been interested in it after reading Andrew's book. I am a Business Analyst by profession and would like to learn about day trading and practice it . I have registered with the intro membership to immerse myself with fellow traders and see if this is good fit for my next career.

For free backtesting, you have to know how to code. Quantconnect and Quantopian offer free access to their data packages if you use their cloud to program your script and test (they can see the results, btw). There's a few standalone programs that do it, but they're expensive, and don't include the data (I think one is called Arbiter or something like that). Quality data for a lot of stocks is expensive (I think 10 years of S&P500 symbols at 1 second resolution is like $20k). If you have the data, can program, and want to set up something local there's a few great Backtesting programs written in Python on GIThub. I wouldn't bother with TradeIdeas, their backtesting only goes back to 90days last I checked. It's way too easy to overfit and the small sample size of only 90days will make the algorithm very susceptible for erratic performance. You generally want to optimize for years of data and then test for another set of years the algorithm/strategy has never seen. DAS Replay is a great mode for visually / manually backtesting a strategy, but you can easily introduce various biases in doing so. They have data going back to Oct/Nov 2018 if I recall.

Hey, A couple things. First, with this script, before you hit the hotkey, you need to click on the chart where you want your stop loss to be. That might be why it's not getting a valid price. Second you'll want to change your Route to "Limit" while in sim. StopPrice=Price-0;DefShare=BP*0.925;Price=Ask-Price+0.00;SShare=20/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=200;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.05 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY+

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

Here is a useful tip for how to change the font size in your charts. Right-click Chart > Configure On the left-hand size, click the box to the right of Label (Price/Time) Change font accordingly The font should now be changed for both the X and Y axes.

Hi Guys, I wanted to share a hotkey command / script I got from @Robert H that I find very useful. Let me tell you a short story about my frustrations in covering a position. There were times that I'm in a stock just right at the open and it shoots super fast and in favor of my direction. Ofcourse your initial reaction is in shock for few milliseconds. And Instead of covering my LONG/SHORT position, I always end up adding half or full at your target. Imagine how stressful that was! So I've always been curious if there's a magic hotkey to cover either a LONG or SHORT position without worrying which side you are in. And believe or not, @Robert H has the answer! Not sure if some of the guys in our BBT forum has this command already but Let me share it anyways and see if we can tweak it for our favor. ROUTE=SMRTM;Share=Pos*0.5;TIF=DAY+;SEND=REVERSE (for half position Long/Short) ROUTE=SMRTM;Share=Pos;TIF=DAY+;SEND=REVERSE (for full position Long/Short) The only issue I think with this I guess is, it's set as Market order. Meaning, you can get filled at any price (blank cheque) and this is bad if you are trading non liquid stocks or stocks that has huge spreads. This is probably only suitable for smaller trade sizes or with liquid stocks that has tight spreads. If someone has an idea to convert this into a LIMIT order to Hit the Ask when you're LONG and Hit the Bid when you're SHORT that would be great! Hope you find this hotkey useful somehow. Cheers, Ryan (ryan_pdt)

Hi, Here's another hotkey command for STOP Market at avgcost or at breakeven whether you are Long or Short. ROUTE=STOP;StopType=Market;Share=Pos;StopPrice=AvgCost+0.00;TIF=DAY+;SEND=REVERSE Thanks, Ryan

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!

Norm, this one's for you! Ok, here's mine... cobbled together from 2 older machines and a discarded large monitor...but notice all that empty space on the wall? That's where my husband is going to hang a 50" tv if I make my number. I mostly swing trade, so this set up isn't a hindrance currently, but as I develop my day trading skills, this will clearly not work. For those who may wonder about 2 laptops, I am trading 2 different accounts and for the way my brain is wired, this keeps me from getting confused.