daniel lindegren

Look at your 5 minute chart. If it would have made a new 5 minute high, it would be safe to say that it's probably not going to go in your direction. Therefore, I would have put it closer to the high of the previous 5 minute candlestick (around 150.30 area). However, having your stop loss that high may change your risk to reward.

A good stop loss is "if it goes against me this far, I may have been wrong about the direction". Personally, I would have put it higher. There could have easily been another pull back and stopped you out, before breaking down through VWAP.

If you guys don't mind spending $160, you should definitely check out http://www.wasdkeyboards.com/. Their keyboards are awesome, and completely customizable.

I never use hard stop losses, only mental. Having to manually create an order in the montage would make the keyboard and hotkeys obsolete.

We're using the 200 simple moving average. The only exponentials we use are the 9 and 20. In my experience, the 200 is powerful on all time frames, whether it be 1min, 5min, or daily.

Please reference the image below. If I were to go long at 2.30, my stop loss would be at 2.25. The distance from my entry to my stop loss is 0.05. I would press Long+Modifier+Q, as Q is 0.05 (2000 shares). 100 / .05 = 2000. I also included an image of a hotkey example. I hope this answers your question.

You're using 200 simple or exponential? Regardless, when I was swing trading I would go back and forth between StockCharts and Think or Swim, and I would run into issues all the time with moving averages being in different places.

Glad you like it. I hope it works well for you!

Here is a little bit of info: https://investorplace.com/2012/05/3-signs-of-a-potential-short-squeeze/

SpeedTrader Pro is with DAS (your trading platform).

I separated my personal expenses from business expenses by trading through an LLC. Cash flow looks like this: Speed trader (LLC) -> Bank (LLC) -> Bank (Personal) I pay for all of my business expenses via Bank (LLC). Trading through an LLC also unlocks other benefits such as health insurance etc, but you have to file as an SCorp to do so.

Robert, I believe I saw in another post that you use Tradervue as well? I started tagging NYSE stocks for this reason. An easy filter of the "NYSE" tag shows them all. Some of my biggest losers are NYSE stocks

I highly recommend each of you get a paid consultation with Robert Green, as each one of your situations may vary slightly. I learned a lot speaking with him, and it was money well spent.

Does this help? From what I read, it looks like 4 is the max with that card.

I created this Google Spreadsheet to help myself with position sizing, and I thought I would share it with you guys. I always have this printed out and laying on my desk while I am trading. I did take this a step further and created a custom keyboard with hotkeys, but I will share that info at the end. With this spreadsheet you are able to calculate your position size on the fly, just by knowing the distance to your stop loss. By default, the risk is set to 100. This means every single trade that you take, you should lose no more than $100. An example would be, if my stop loss is 0.30 away, my position size for that trade would be 334 shares. You are able to change the default risk to what ever you are willing to risk, and your share sizes will automatically be calculated. Here is the link: https://docs.google.com/spreadsheets/d/1iD0qiPLulbYSFri9r38SG1Ke7eNiZdFHNg8MldGwSng/edit?usp=sharing To use this Spreadsheet: make sure you are logged in to your Google account, so you are able to copy the spreadsheet to your Google Drive go to File -> Make a copy... -> Then save it to your Google Drive Once you have copied the spreadsheet, you can now edit the default risk of 100, and your share sizes will be calculated accordingly A step further... The Keyboard Having this printed on your desk does help you easily calculate your position size, but it does have one drawback. You have to enter your position size in manually, which does eat up precious time. I wanted the idea of the chart used as hotkeys, so my solution was a custom keyboard. I have attached the proof I got back from http://www.wasdkeyboards.com, as well as a photo of the physical keyboard. How it works As you can see from the images, the distance to stop loss is printed on the alpha keys. If I have my hotkeys set up to risk 100 per trade, Short+Modifier+E would short the stock with 667 shares: Risk: 100 Distance to stop loss: 0.15 100 / .15 = 666.6 (667 rounded up) Conclusion Having the spreadsheet printed in front of me while I trade really helped with my position size. The keyboard really helped me execute my trades faster.

Are you at the level to be trading live yet? If not, I would suggest trading in your simulator until you're comfortable, and consistently green. Then, you can comfortably transition to your live account and take a little bit bigger position size so you can turn a profit.

TraderVue is amazing. Journaling my trades made me improve tremendously.