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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

    Podcast with Dr. Brett Steenbarger!

    Thank you Dr. Steenbarger for taking the time to help all of us at BearBullTraders. Most of us are very familiar with your books and have read them multiple times and absolutely love everything you write. Yet still, many are still dealing with the same psychological issues from before reading your books. We completely understand no book on its own can solve any of our problems, but I would love your insight on how we go from Point A. LEARNING and UNDERSTANDING how extremely important and critical our psychology is to our trading to Point B. Making a lasting change on our psychology from what we learned and understood from your teachings. I think that leap is by far the absolute hardest part of trading . . . turning knowledge and inherently knowing what to do, to ACTUALLY doing it and putting that knowledge into practice. I think this leap is where so many traders fail. Would love your insight and practical steps for all our traders who might be in that boat.
  2. WilliamH

    Phoenix Meetup August 2nd

    Thank you so much for leading this Michelle and that restaurant looks amazing! How can I not come out to visit? I will officially be attending and so excited to meet our Arizona based members. Never been to Arizona before @Greg D I will be sure to wear some Duck gear so there is no confusion William ADog
  3. I am in the Pasadena area as well and am lining up all this. Thanks for the offer!
  4. Thank you so much Mike B for helping to set this up! This is open to BBT members and non-BBT members including anyone who follows us on YouTube or any social media platform. These meetups are always extremely a fun atmosphere, but I thought it would be great if we could also make it productive as well as fun. So, as Mike said, the theme of this meetup is "Bring a Discussion Topic, Get a Drink". Drinks are on BearBullTraders for anyone that comes with any topic related to trading to lead a discussion about. If you are a brand new trader you could simply talk about your simulator trading, or how to transition from Sim to Live. If you are already live you could talk about How To avoid Hulk Days, or A Good Day Trading Computer. Really, we want this to stay fun, so dont stress out at all, but thought since we are all traders, if we could have fun and learn something at the same time the event could be that much better! Any ideas for a good venue in Pasadena will be much appreciated, and hope to see you all there and please anyone comment and share you thoughts! Thanks again to MikeB from BearBullTraders for helping with this. Please sign your name here so we can get an idea of attendance. https://drive.google.com/file/d/12ci7MxUZ6Kr28D14UQcIDu8CY_JQGbsg/view?usp=sharing
  5. It was SUCH a great time. Hope to do it again!
  6. Hi William, I was watching your recent recap on FB trades, and how others traded it. You mentioned a Hotkey setup that calculates your share size based on the set risk automatically.

    Could you share it, send it to me?

    Thanks,

    Karl588X

  7. Thor, we are glad you chose Bear Bull Traders! I would also like to encourage traders to give feedback on this topic. I know there are many other trading chat rooms available to all of us traders. Whether you have researched other rooms, joined for a trial period of had been members for any significant length of time, we would love to hear any insights you have so we can improve your experience here with us at Bear Bull Traders. When I was first starting out trading, I joined a couple different rooms, and found things that fit my trading personality in all the communities I found, but there were also major drawbacks from the type or securities traded, live trading support, educational content and the overall environment of the room. So again, will love to hear what you all think about this topic.
  8. Well then this video is for you
  9. 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
  10. 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 . . .
  11. 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 . . .
  12. 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.
  13. @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.
  14. 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.
  15. Wow, Thanks Lee W. I followed these steps exactly and everything worked perfectly!
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