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BBT Member 001

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Posts posted by BBT Member 001

  2. Posted

    I have a question, maybe someone here could help me.

    Currently use Kyle's 1:1 Hotkey to partial out. I would like to know if someone has tried making it so when 1R profit is reached, you partial x% but you also trigger a trailing stop of 0.5R. THat way once i get 1R of x% of my position, the rest of the position will stop out automatically.

     

  4. Posted

    On 1/25/2020 at 1:16 PM, peterB said:

    i never noticed the difference. i do not think it is so important and significant to have any effect on my trading. level2 is only one of the indicators and even if it shows you less data it does not cost you any money to miss a trade. there is always another trade around the corner

    This is not what I am asking. Level 2 is not only an indicator. Level 2 also measures liquidity and helps specially for less liquid stocks. Knowing the liquidity is important consideration when taking a tread, not just the spread. Of course there are iceberg orders that you can't see but knowing liquidity helps manager risk better.

  5. Posted

    16 minutes ago, Rob C said:

    When I used eSignal (which I think does have the best charting SW) they connect with brokers through their platform. So you could trade with their platform. At the time I used it they just offered Futures. I think they offer Equities now through a broker on their list and the platforms connect. So you trade through the eSignal platform using one of their brokers they have a partnership with. At least that was how it worked when I was using it. Though I found I really didn't need that good charting. But if you want the best, especially with time frames less than 1 minute, then I recommend them.

    Thanks for your feedback. 

    I just want to compare  their L2 or Market Depth with DAS as I just asked DAS and they don't have some of the books like TWS has and I think TWS platform sucks

  7. Posted

    I asked DAS what Depth of Books they provide:

    NasdaqTotal View

    Arca Book

    IEX Deep

    But they do not provide:

    Nyse Openbook

    BATS Book

     

    These last two are not included in DAS.

    Most people think that if you are trading nasdaq stock you only need nasdaq total view. This is not true. Most of the L2 liquidity will be from Nasdaq total view but there is also liquidity in the rest of the books.

    I just wanted to throw this out there and see if someone subscribed to all of them that is using TWS in IB sees a difference with DAS.

     

     

  8. Posted

    When earnings season comes in, this feature will be worth it. Stocks that report in the afteroon, normally move after hours and can make after hours highs and lows which are different from premarket high and lows. Then during premarket, if it is not able to break that after hours price, it sells off or squeezes up depending on the direction.

    This is what happened to MU today, it went up in after hours after earnings were reported, and during premarket it made a premarket high that was lower than the after hours high, then at the open the stock sold off after it found suport in levels of previous 2 days. 

    Anyone else noticed this??? I 

  12. Posted

    Hi all,

    Day trading is a game of statistics and probabilities so as this community grows, there must be a way to gather data that helps us improve as traders. I was thinking of creating some sort of software that is hosted in the cloud and could connect to das trader platform of those members interested. Of course, there would be an option to keep account # anonymous, etc. In other words, a compiled trade log of the community.

    How could this help?
    1. Know Risk rewards take by members
    2. Know probability of success of different strategies
    3. Understand how much BBT member volume relative to market volume at a 1 min or 5 min candle
    4. See what stocks everyone is trading
    5. Better understand success probability

     

    I don't know if this makes sense. I am just throwing the idea out there as I think it could help a lot.

  14. Posted

    23 hours ago, KurtLoeblich said:

    Momentum trading is trading breakouts/breakdowns and exiting your position as soon as the immediate momentum subsides. Trend trading is longer term trading -- I look to catch as much of the move as possible. A momentum trader rarely holds through pullbacks, and will exit the entire position with the idea that once the pullback ends they might take another stab. They are basically looking to catch the move when volume is flooding in.  Momentum traders will often trade countertrend moves on the longer time frame. It's like Andrew says - he can be long a stock and Brian can be short, but as long as they both manage their risk properly, they both can be winners!

    Thanks

  15. Posted

    1 hour ago, KurtLoeblich said:

    I think it's safe to say that there will be a lot of various "ah ha" moments as to when it all came together but for me personally, it was recognizing that I'm not very good at momentum trading, and when I changed my course and started focusing on trend trading.   I know that, psychologically, I have a very difficult time exiting positions (winners or losers) so I had to develop a strategy that MATCHED that personality.  With that in mind, it was going back, reviewing both my winners and losers, studying the charts, and putting everything together that I had learned up to that point together.  I think it's very easy as a day trader to become very focused on one key element of trading (strategies, chart patterns, level2/tape, volume, support and resistance, etc) but it's once you put it all together that it all starts to make sense and things start to turn around.  

    Hi Kurt, 

    What is your definition of momentum trading vs trend trading. I'm a bit confused as it seems they are both trading with the trend.

    Thanks

  21. Posted

    21 minutes ago, wayneb said:

    Hi, can anyone share a hotkey script that can get me in a trade, place a fixed stop and profit target with one click? I should be able to adjust share and target size myself in the script. Looked at KyleK29's work but it's way over my head. Thanks

    One of the members posted an excel spreadsheet that you can customize to get this.

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