GordonDK

Ok, thanks, but I do know how to Google

Seems that you are not allowed by default to trade the SPY etf with Interactive Brokers if you are an EU citizen. Anyone in a similar situation who found a workaround to this issue?

#ES for S&P 500 and #NQ for Nasdaq 100.

Thanks for the advice. However, I do not trade futures, but I do use the e-mini futures to gauge the overall short term direction of the overall market when trading individual stocks. In any event, the e-mini futures are now back to a real-time feed in DAS, so that’s great!

Have you guys noticed that the #ES and #NQ data feed is now delayed by 10 mins in DAS? This means that this data is now completely useless for day trading. Has anyone else complained to DAS about this?

Anyone read “One good trade” by Mike Bellafiore, and in particular the chapter on ‘reading the tape’? Seems to be of major importance for day trading, but I’m a bit confused about this. Not described very well/in depth in this book. Any thoughts on the subject?

I had an issue with a huge difference between the VWAP lines on the 1- and 5-min charts for a trade I did yesterday (9-Aug-18) on SQ. Completely screwed me over since I thought from looking at the 1-min chart that the price action was close to the VWAP, but when I looked more closely afterwards at the 5-min chart, the price action was actually somewhat about the VWAP! See example of VWAP difference at 9:35am in the below screen capture: Usually I do not see this great a difference between the VWAP lines on the 1- and 5-min charts. And which VWAP line should I trust?! Perhaps it was just the big drop of the first 5-min candle after the open that scewed the 5-min VWAP? Have seen these types of candles before, but never noticed such a big difference in the VWAP lines.

I had a similar issue with DAS and hotkeys, but the culprit was a faulty keyboard. Bought a new one, and all is well.

Well, I have wall-mounted 3 of my 6 monitors, and I probably drilled around 50 holes in the wall before I got it right (whereas 6 would have been sufficient, if I had done it right in the first place...). Probably why we have decided to give the stock market a go, eh?

That’s awesome (in a strange kind of way - seeing how you lost your job at first). Unfortunately, I’m still stuck in my day job, so my progress is a bit slower. On the upside though, I live in Denmark and have very flexible working hours, so I can be home by the time trading starts in the US. Spending my weekends studying the art of trading (reading the books in Andrew’s list and working on my trading diary - have it set up in Excel at the moment, but will make the switch to Access soon). Can’t wait to ditch my day job and go full time trading. And also, I do have a patient wife :)

That’s nice. Are you trading full time, or do you still have a ‘daytime’ job?

Very nice!

Thanks Robert, I'll try this out in the sim on Monday after I'm done with my real trading session.

Yes, but it annoys me that you are not able to set a hard stop marketable limit order at e.g. 10 c below the stop price where you want to exit for a long trade, as you do with a mental stop loss order (i.e. when you press the predefined hotkey to cover). I don’t think it’s possible in DAS, but it really should be an option.

A sudden spike in price below the stop order. Since it is a stop market order the loss could be significant if the sudden price spike means a brief momentaneous drop of say 1 USD. I believe Andrew has mentioned this as the reason why he is not using hard stops for trading?

I’m not looking for a stop limit order for the exact reason that you are describing. Anyone else?

x.x would be the average cost of stock (at purchase, i.e. long in this case).

Hi all, I’ve started using hard stop market orders for trading. Is it possible to create a stop order as a ‘market limit’ order, e.g. stop at x.x USD - 10 cents? Would be nice to protect against sudden extreme slippage. Anyone? Br., Jimmy

And I’m of course talking about slippage here, because a hard stop would be a stop market order.

Hi Robert, Yes, I do appreciate the psychology of it all. However, at the moment, I think I am better suited to a hard stop, since my P&L is slowly creeping the wrong way mainly due to my exceeding the stop loss on some stocks that I have traded. Wanted to know from others who use hard stops, if they have experienced significant slippage in the form of spikes that has led to losses greater then the intended stop loss? I would think not, if we stick to trading stocks with high volume and stay away from low float stocks (which I am not ready to trade anyway)? However, I have seen momentary spikes in stocks that I have been following, so.... Anyone who is using hard stops who can say something about their experience?? Jimmy

Hi, I've been using mental stop losses, but sometimes (more than I'd like) I let a stock slip before exiting, often ending up with profit/risk < -1.0 to -2.0. I've only traded live for a little under 2 months, so I'm definitely a beginner. What do you guys do with regards to stop losses? Mental or hard? I'm hesitant to use a hard stop loss due to the risk of slippage. Would be nice to know what the rest of the group is doing. Jimmy

Hi, Does anyone in the group subscribe to Finviz Elite? I kind of like the maps that you can view for free (https://finviz.com/map.ashx?t=sec), and I am wondering if the data in this map is real-time if you are an Elite subscriber? Anyone??

Hej Pankaj, Jeg bor faktisk i Hillerød og er også ingeniør! Arbejder hos NIRAS i Allerød, men det er kun et spørgsmål om tid (well, nok mindst et år endnu) førend jeg bliver fuldtids day trader. Mit arbejde er ret fleksibelt, så jeg møder tidligt og er derfor hjemme ca. 45 minutter før trading starter i US. Var i simulatoren i ca. 5.5 måneder, og har i den sidste måneds tid traded live. Det er et helt andet ballgame at trade live, men det er alligevel en god ide at være i simulatoren i 5-6 måneder, og så samtidigt læse en del bøger (se Andrew's liste), og generelt prøve at forstå principperne bag day trading før man kaster sig ud i live trading med rigtige penge. Der er stort set intet i vores ingeniøruddannelse der kan forberede os til livet som day tradere (måske lige med undtagelse af undersøgelse af trends etc.). Jeg ser day trading som en langsigtet karriere, så det må bare tage den tid det skal tage. Krukken med guld for enden af regnbuen lover en del, så det er bare med at klø på. Det kunne være at vi skulle mødes en dag i København, hvis du er her alligevel. Jeg tror, at vi umiddelbart er de eneste i Norden der er med i Andrew's gruppe. Mvh., Jimmy

OK, this thread was not started for people who think they may have heard about Sweden once (and I'm from Denmark)!

Hej, Er der nogle tradere fra Danmark (Sverige eller Norge) i gruppen? Mvh., Jimmy