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WilliamH

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WilliamH last won the day on April 3

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About WilliamH

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    WilliamH
  • Birthday 06/10/1985

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    Los Angeles, United States

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  1. WilliamH

    Venting plus big loss

    "After All "Greens" are mine and "Reds" are to my husband" . . . HAHAHAH. This gave me a surprising late night laugh and deserves to be on a t-shirt
  2. WilliamH

    Venting plus big loss

    @Sheela A friendly reminder that you are not alone. I have been there over a handful of times. And I personally know how hard it is to recover from it. A couple ideas of insight on what to do going forward 1. Do you have risk controls and a max loss to prevent this? If not, search this forum and our youtube channel for "Risk Controls" and consider implementing them on your account 2. Forget about it. Take the lesson learned, never do it again, but do not agonize over it going into tomorrow 3. Some of my BIGGEST losses are the next day AFTER a somewhat big loss, so consider doing a no trade or 1 trade challenge tomorrow 4. This is a silly one in terms of trading insight, but I promise you it has helped me every single time . . . . Do Something randomly nice for a loved one or stranger. Go out of your way to help someone else or show compassion to someone that needs it. After doing that you might be reminded that Trading isnt everything in Life and there are so many more important things in this world. It really helps me to put everything in perspective . . .
  3. I have an idea for a monthly meetup for all us Los Angeles + surrounding areas based traders. This would be more of a technical/psychological/trade discussion rather than just a fun time of dinner and drinks. Maybe we would bring our laptops, some trades to discuss, our trading journals or anything else trade related. I live in the Pasadena area and if I were to lead this would want to do it close to hear as it seems like a fairly central spot for everyone in LA as well as our Orange County and San Diego traders who might want to come. What do you all think? Ideas, suggestions, thoughts are very very welcome . . .
  4. WilliamH

    Commissions and fees

    Thanks for identifying this @poczos @christophersteven @kirkblackshear@gmail.com Lets clear this up for all the challenge participants. Live Trading - Brokers charge commission and fees. Trading software platforms, such as DAS never charge fees or commissions. DAS tries to pass through the fees as a representation of what your fees will most likely be based on the broker you choose, but since different brokers charge different commission structures, DAS must be programmed in different ways depending on the broker used. IB only has two commission structures, Tiered and Fixed. Tiered is $.0035/share (minimum commission of $.35/trade) + other regulatory fees and ECN fees. Fixed is $.005/share (minimum commission of $1.00/trade) + other regulatory fees but NO ECN fees are ever charged You might choose either option depending on your trading style, but that is a discussion for separate time. Interactive Brokers does not have a $2.95 minimum on any of their commission structures, but other brokers do. Now onto the BBT challenge Paper Trading/BBT challenge - Since this was our first ever challenge, and we did not in theory pretend that everyone was on one broker, we had a slight issue with the fees in the beginning. Remember DAS doesnt charge commission or fees, but since this is a challenge and their is no broker we are linked up to for this paper trading, any of the fees are only representations of what Broker X might charge. Since not everyone uses IB we didnt choose IB structure. We will make sure to make this more clear moving forward in future competitions so it doesnt cause confusion. Hope this makes sense and please ask any follow up questions if anything is unclear.
  5. @CassA @Peter de Beir DAS is just a middleman between yourself and your broker to execute trades more efficiently. The only fee that DAS will every charge is their monthly cost. Any other fee associated with trading is charged from the Broker. The tricky part is understanding that DAS does not have a perfect relationship with brokers to calculate all the fees correctly. DAS tries to calculate the broker fees, the ecn fees, the regulatory fees, the clearing fees, that are charged through the broker, but most of the time, if not 100% of the time, the fees are inaccurate. For example, if you are looking at your fees/commissions on the DAS platform, those are guesstimates and are most certainly inaccurate. You need to go to your actual broker statement to find the exact charges. As far as I know, you can request DAS to charge whatever your broker charges for the actual commission fee, but all the other fees, especially the ECN fees or rebates, are very likely to be inaccurate guesses. For anyone using Interactive Brokers and DAS. take a screen shot of your account page in DAS with the commission and fees after you are done trading the day. Save it. Later that evening when your broker fee is available around 8pm EST or so, log onto IB and compare the commissions in IB with the commission in DAS. Mine are ALWAYS different. IB/your broker will always be the more accurate one you are actually getting charged.
  6. WilliamH

    Longer Time Frame MA's Chop me up

    Great Recap and great questions you are asking yourself and all of us. Asking those type of questions, even if you dont find the answers to them yet, will make you a better trader. I want to focus on one of those questions. . . Who uses the longer time frames? Lets think about who doesn't use the longer time frames. Many people in our chat stick to the 1 minute, 5 minute and level 2 price action. This is neither bad or good. Just a style preference. Traders who want to be in and out of trades very quickly dont use the longer time frames. Traders who only trade the open will most likely use smaller time frames. Traders who tend to revenge trade wont use the longer time frames. . . I researched this same exact question you are posing a while back, and I found as a general rule that the bigger the fish, the longer the time frames used. Lets take one specific example from one of the biggest fish . . . "Warren Buffett is taking a big bite of Apple. Very big. The CEO of Berkshire Hathaway (BRKA) told CNBC on Friday that his company bought about 75 million shares of Apple stock during the first three months of the year. That adds to 165 million shares that Berkshire had at the end of last year.May 4, 2018" Do you think Warren Buffet entered his position of 75 million shares over three months based off the 1 minute charts? 5 minute? 15 minute? Or do you think he wanted to see the bigger picture. The overall trend, using the Hourly, Daily, Weekly, and Quarterly Charts and using longer time frame MA's. How long is Warren Buffet planning to hold those shares for? Months if not years! Imagine if someone took a short on AAPL for a 5 minute new low the moment Warren Buffet was filling his shares on a daily support level knowing that almost no amount of shorts would eat up his longs. (I understand Warren Buffet would never execute the trades himself, but just using this as an example). Now think about all the traders, institutions, algos, hedge funds. etc . . . that are in between the 1 minute micro traders, and the Long Term Investors. Each will use different time frames, with different strategies, different risk tolerances, different holding lengths. Someone like Andrew, focuses primarily on the 1 and 5 minute charts and he makes a killing nearly every day. So each of us, including you Nick, need to find our trading style that fits us and utilize the proper information for that style and then ignore everything else and not get bombarded with paralysis by analysis and execute our plan day in and day out.
  7. Wow, Thanks Lee W. I followed these steps exactly and everything worked perfectly!
  8. WilliamH

    Retroactive Account report

    Isaac, DAS only gives you information from same day. Even if you call them, they do not have anyway to provide old data. You have two options. 1. TraderVue as Abiel mentioned 2. Get previous data from your actual broker who is required to provide it.
  9. WilliamH

    Brandon's Day Trading Adventures

    Great job posting your recap and hope to see more recaps from you. I had and still have the exact same problem about not letting winners run. One thing that really helped me was to make a hotkey that sold 95% of my remaining shares. So no matter how many exits I have already made, instead of exiting the remaining 100% I exited only the remaining 95%. So my remaining shares will be very small if not insignificant and really allowed me to practice holding in a risk free way.
  10. WilliamH

    DAS Chart question

    @ KThu, did u get it fixed? For some odd reason, the posted solution works for most of my charts, but no matter what I did, a few charts would ALWAYS zoom out when I switched stocks. I found the solution. It is so ridiculous but it works. . . 1. Type Ticker in Montage 2. If chart opens and is zoomed out, either use a hotkey, or your mouse function to zoom in to a place reasonably close to where you want 3. At this point if I switch stocks again, it zooms back out BUT 4. If i simply roll my mouse scroller on the chart and do a slight zoom in or zoom out, for some reason, if I switch stocks after the mouse scroller zoom, the charts stay at the same zoom FINALLY! Such a weird bug for me . . .
  11. @RyanW, can you update us after a few days of usage on how you like it? Just a short review? Looks very interesting
  12. If I ever get to that dream status of all the Real/Fake (I never really know) youtube Day Trader millionaires traveling the world, flipping open their laptop for a few minutes to make a cool $10,000 . . . I will DEFINITELY get this!!!
  13. WilliamH

    Is there an account minimum for IB?

    It is true that IB advertises it has a $10,000 account minimum. But I scaled in to my account (like scaling into trades :)), with sizes of $9,000 at a time to avoid getting flagged by the IRS, and to my happy surprise, I was able to trade in IB/DAS live when only the first $9,000 was posted and verified.
  14. One way I started out which really helped me, was to look at my % gains and loss, without worrying about the actual $$$ amount gained or loss. I started with 20 shares, and that might be on a $2 stock. I made 4%! WooooHooo! What a great trade. but I lost money with Commissions and scaling out. But it didnt matter. It made me feel so good to know I made a great % EVEN THOUGH I LOST MONEY. So then the next day I would increase share size by 5-10 shares, and so on and so forth. I figure if I am in this for the long term, short term losses on learning and practicing trades in a live account is well worth it. Maybe I lose $10's-$30's on winning trades, but If I can keep that up while increasing my share size ever so slowly, I will make back that money in the near future with smart trades and bigger shares. I am very confident that it is MUCH easier to increase share size to 1000 shares, and tell yourself you only need 1 good trade and make up all the commissions u have paid out on your small share trades . . .that is a perfect way to lose the game before you even have a chance to play. Hope that makes sense.
  15. WilliamH

    Los Angeles Meet-up

    @Jedi8 @AndrewAziz @JVargas2108 All this sounds great! I can host a get together if we can actually plan out something. We could do it somewhere around the 91105 area code near Pasadena. @Jedi8, yeah that is so close. Will try to contact friday morning 4/6 in the chat. If not send me an email "wnh410@gmail.com"
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