Aiman

Hi guys! I finally got my trading station ready! First of all I really want to thank everyone posted here, I read every comment, every detail and everything you posted, in conclusion I could build my own trading station! I actually lost all my trading capital building the station and hopefully becoming a life time member, but after thinking about it and reading @Andrew Aziz book I learned that it's an investion I've to do in order to become a successful trader. First lose money! Then make it :D, I'll be in simulator until I save money for trading So, let's go to the details! 1)Graphic card ASUS GeForce GTX 1080 8GB ROG STRIX Graphics Card (STRIX-GTX1080-A8G-GAMING) I wanted to buy the MSI Gtx 1080 gaming 8 x8gb but it wasn't available in my country, so I went with this 2)Mother board GIGABYTE H370 AORUS Gaming 3 WIFI (LGA1151/Intel/USB3.1 Gen 2 Type A,Type C/HDMI/M.2/ATX/DDR4/Motherboard) 3)Ram CORSAIR VENGEANCE LED 16GB (2x8GB) DDR4 2666MHz C16 Desktop Memory - White LED 4)CPU Corsair CX Series 750 Watt (2017) 80 Plus Bronze Certified Non-Modular Power Supply (CP-9020123-NA)I actually got 100w, but couldn't find it in amazon, you actually don't need 1000w, 750 is more than enough! I think even 650 will work, but I couldn't find 750 in my country as well 5) Cooler ARCTIC Freezer 33 eSports ONE - Tower CPU Cooler with 120 mm PWM Processor Fan for Intel and AMD Sockets - for CPUs up to 200 Watts TDP - Silent and Efficient (White) 6)Processor Intel BX80684I78700 8th Gen Core i7-8700 Processor 7)SSD, ADATA SU800 256GB 3D-NAND 2.5 Inch SATA III High Speed Read & Write up to 560MB/s & 520MB/s Solid State Drive (ASU800SS-256GT-C) 8)Hard disk 2tb WD Blue 2TB Desktop Hard Disk Drive - SATA 6 Gb/s 64MB Cache 3.5 Inch - WD20EZRZ you'll need an ATX box I believe but it depends on your style :DD With the box this whole setup cost me 1450$ from a local store, I also have 4 philips monitors 24 inch each cost 100$+ a cheap desk xD 60$, gaming mouse and keyboards because I love games, both cost 80$, and a stand for 6 monitors which cost 120$, 3 hdmi cabels, 1 adapted from vga to display port, another from hdmi to display port. I believe that's all!

Wish you best of luck!!

I'm facing the problems of taking the profits too early and I'm on sim!! And I let my losers hit my stop loss and sometimes even 5 cents below it.. This ruins my winners and I believe it's a terrible way to manage the account. I'm on my way to improve that, let the runners run and cut the losers. Your post is really helpful! it's good to know that most of the newbie traders face the same problems, the better is having advises from those who went through those problems Thanks a lot!

Wow that's interesting :DD I haven't paid attention to that at all! I'll give it a try

Hi Stuart! I actually noticed the same thing, and I tried to trade that way a few times and it actually works nicely! I was just doing something a bit different, when stock is trending between 1:30 and 3:00 I was buying close to the 9 or 20 ema on 1 min chart or close to the 9 ema on 5 min chart and scale out, and buy again close to the moving averages, sometimes when I was not in mood I was waiting for the stock to go close to the moving average then go with the trend + spend time reading the chatroom) I'd say I'm a bit cautious about the last hour of the market since it's also volatile, I believe traders come to cover, or sell, or maybe buy more to hold overnight, so the trend usually breaks out after 3 xD I'm trying not to follow this strategy after 3:00 pm. It's good to know you're practicing this :DD Let us know how it's going with you!

Yeah it seems like 4 is the maximum.. I'll go for 4 at the moment I think.. Thanks for the effort!

Hi all, I've been planning to buy MSI Gaming GeForce GTX 1080 8GB GDDR5X SLI DirectX 12 VR Ready Graphics Card (GTX 1080 GAMING X 8G) , I've a question hopefully someone helps me before I ruin everything Will I be able to connect 5 24 monitors using this graphic card or maybe 5 22? If not, will it be possible to connect 4 27?)) Or someone has any other suggestion thanks in advance:D

Honestly, for me 1.5 or 2 hours after the market opens aren't the best time for trading, but hey! It's still possible to have good greats even after 2 hours of trading :D, it's just different from the opening. I've been trading last 3 weeks on all the times possible and that's to figure out my own trading strategy and the time that fits my personality. You won't get as much huge movements as you'll the first hours, but you still going to find some, so that's a plus if you are willing to trade those huge moving stocks. However, most of the stocks that time are moving slowly, but it's also good on the other hand because mostly they're movement is trending, it's easier to anticipate their movement after and hour and + from the opening. You still need to find a good entry to go with the trend. Anyway, to trade in the late market hours the stock needs the same requirements as the open, it should be in play, it needs volume, it needs to be traded by retail traders, and it shouldn't be choppy. Later on the day I trade the same stocks I traded in the morning btw, most of which are from Andrew's watch list, not all of the stocks traded in the morning are good to trade mid day anyway, check the volume, maybe they lost the interest, and they stopped moving enough to make profits. Choosing a stock isn't so difficult, mid day or market opening, I think the requirments are the same)

Using this screen seems like it's going to show the direction of the stock before it even happens

Thank you for writing all that! I enjoyed it though! And you look nice guys! Hope you all enjoyed, hopefully in the future I'll be able to join you all :))

It could've been worse if we think about it, imagine it kept going down and down after you averaging down the stock? You could've got with much more loss, but it went higher, which was unlikely then, I mean especially after it broke the VWAP, I would have done the same thing you did btw. I mean going long, then averaging, then it breaks the VWAP which is usually a stop loss, luckily the stock bounced back! Time to get out before it drops again! You did well going out I think:) However, Looking at five minute candle made it pretty clear that it's bullish. I face the same problem with realized and unrealized amount, and my scaling depends on the number written there, I'll try to disable it tomorrow and see how it goes) Thanks for your post

Well, still look good enough. xD, I'm about to receive the stands, table and screen next week, I'm already worried about those holes on the wall...

I honestly believe you can't figure them out)), You'll need access to information retails traders aren't allowed to view, for example, how many shares were shorted today? It'll be great if we knew that, wouldn't it? xD I believe I read somewhere before that we can get that data but it's way too expensive, more expensive than its worth))

I'm still learning as well, I'll tell you what I believe is true, hopefully someone corrects me if I'm mistaken A daily chart is very important to find support and resistances, I believe you know what support and resistance is. If you use Andrews DAS setting you already have some levels for support and resistance which is yesterdays low and high and two days ago low and high. Then you can set to more levels which are pre market high and low. Now let's go to the daily chart, first supports and resistances you can take are the moving averages on daily charts especially if they're close to the current price action because the stock is highly reaching it and you can make that level you target for short or long. Secondly, let's say the stock is moving between 7-9$, and you need to find supports and resistances in that area or maybe above it or below it, you'll go through the daily chart searching for the period the stock was trading between that range or above it or a bit below it, find a level at which the stock bounced from, and mark it as a support or resistance to use it as your target later maybe. Traders also look at daily charts to know if the stock was a former runner, if the stock was a former runner, it means it has the possibility to run again if it gets the volume or news! It's also good to know if the stock in all times high or not, and if the stock is trending up or down for the past few days weeks or a period of time.

Thank you for this journal! It's very neat and organized! I might need some work figuring everything out, but it's really perfect!

That's really helpful!!

Thank you!

Hi Robert, Thank you for this explanation. I do have a question anyway. I'm trading in simulator now, but I don't use break even as my quit target. I always try to trade 5 cents above a moving average or technical indicator so I can set a stop loss 5 cents below that technical indicator. This way my stop loss usually hits after 10 cents in the opposite direction. I try to make my profit target 20 cents or more above my entry point. But 20 cents sometimes is a big move I can't expect, so I usually take half position profit when I reach the 10 cents profit, and leave half either for break even or for the stock to move higher. This way I cover the IB commission and 3$ next to it if I take 100 shares minimum. Now the problem is, with this strategy my risk to reward becomes 1:1 if I hit my final target, and even less because I take only half of the profit most of the time, and then if the stock moves against me I quit at break even with 3$ profit after the commisions while I was risking 10$, if it hits my final target (2:1) gets hit, with this strategy it becomes kind of 1:1 because I scaled out. It's not that bad in the end but what I don't like with this strategy is the following: It's typical that after entering a trade one starts with -1/2$ because of the spread, depending on size of course, if the stock goes against me right after I enter it I end up losing 10$ after hitting my stop loss, which isn't so favorable considering I take full loss and scale out of a winning trade, this way my losses are equal to winnings. I think this strategy will work better with more shares maybe, I'm not really sure.. I was thinking of something but I don't know, would you recommend I set my stop loss at break even if the stock starts moving up? I mean it starts -1/2$, if it gets +4, then falls to 0 I just have to quit? Or I should give it 2/3 cents below it? This way there won''t be a technical indicator for a stopp I believe.. Or I should just try to take better entry points? I've been green in the simulator for like 10 days out of 12, I don't average down and stick to the rules, but still this is a simulator, that's why I stick to those 10 cents stop losses and give the stock time to adjust, I don't know if I'll do that with real money I'm following the strategy only because I've to follow rules, it pays of for now, but the risk to reward isn't favorable Sorry for making this way too long -.- hopefully you've time to help me with this))

Hi Ryan, Does this still work if I try to do it now? Or it's impossible to use that website anymore..

Hi Jan, how much does this cost?)

Hi guys, I'm still buying some stuff to build my PC, and I really need a suggestion here. Currently I've this ready to buy. 1)Intel Core i7-8700K Desktop Processor 6 Cores up to 4.7GHz Turbo Unlocked LGA1151 300 Series 95W BX80684i78700K 2)MSI Arsenal Gaming Intel Kaby Lake Z270M DDR4 HDMI USB 3 CrossFire ATX Motherboard (Z270 GAMING PLUS) 3)Samsung 250GB 970 EVO M2 Solid State Drive 4)Corsair Vengeance LPX 16GB (2x8GB) DDR4 DRAM 3000MHz C15 Desktop Memory Kit - Black (CMK16GX4M2B3000C15) 5)Hitachi 2TB 7200RPM 64MB Cache SATA III 6.0Gb/s (Heavy Duty, 24/7) 3.5" Internal Desktop Hard Drive (For PC, Mac, CCTV DVR, RAID, NAS) (Certified Refurbished) 6)Cooler Master Vortex Plus - CPU Cooler with Aluminum Fins and 4 Direct Contact Heat Pipes (RR-VTPS-28PK-R1) 7)Corsair CX Series 450 Watt 80 Plus Bronze Certified Modular Power Supply (CP-9020101-NA) 8)ASUS Internal 24X SATA Optical Drive DRW-24B3ST/BLK/G (Black) 9)ASUS GeForce GTX 1080 8GB ROG STRIX Graphics Card (STRIX-GTX1080-A8G-GAMING) 10) x 6 Acer KA220HQ bi 21.5" Full HD (1920 x 1080) TN Monitor (HDMI & VGA port) or x6 ASUS VS248H-P 24" Full HD 1920x1080 2ms HDMI DVI VGA Back-lit LED Monitor As far as I read, it won't be possible to connect 6 monitors to Geforce GTX 1080, will it be possible to do that somehow? Or I better buy another one? If I've to buy something else can you reccomened something? I'm also up to suggestions) it's my first time building pc, I've no big experience, but I did some research and I don't really know how good it's I also thought about using maybe 4 instead of 6 screens but bigger ones, or 3, I don't know)