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peterB last won the day on May 27

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  1. peterB

    My view on averaging down

    yes! so far so good. but i still struggle with exiting a non working trade and not accepting the loss
  2. peterB

    Position sizing

    you can use a static table as i do. printed and sticked to my monitor helper_tables.pdf
  3. peterB

    What brokers are you using in Europe?

    Hi JenniferL, the demo you describe seems to be useless. Also too expensive as everything in Switzerland. I am personally using IB trading platform which comes free with having an account there and the fees are ok, even the inactivity fee is small so there is no problem using IB without DAS Anyway there is a new broker https://www.alliancetrader.com/ promoted by Andrew in his last email which is giving you DAS for free if you are active trader so you can use that one as weell. They do not apply the PDT rule as well which migt be good if you do not intend to start with more than 25k USD Anyway if you use DAS with Bearbulltraders and IB you get the real time data subscription as a discount so also a good thing Just read the latest email from Andrew -Update on new brokers and commission; exclusive to our community
  4. Hi Bearbull traders! I had a big loss these days beause i was acting irrationaly and to help me out of it i tried to make a picture of what is happening when you average down so you can see how usless technique it is. Actually it is unbelievable that our brain accepts such stupid idea to solve the big problem of being in a bad trade. I put it into a picture, hopefully it is clear to read. For the purpose let's pretend we trade a low float stock which price is around $10. to me now it is obvious that better exiting and entering another trade is always the better option. What do you think? I swear i will never do it again!
  5. i can confirm the behavior when switching between stocks. It does same to me and also get quite often market data disconnections.
  6. i don’t as i trade on a Mac i was just curious what could be so slow about tws
  7. they will apply the PDT to every margin account. what is the technical reason you think the das shall be quicker as you say?
  8. peterB

    Broker for swing trading

    hi Peter, in CZ you can use LYNXbroker.cz so you get local support in czech, but their comissions are higher than Interactive Brokers you can use the same account for day trading and swing trading, i can see no reason to divide it into 2 accounts
  9. peterB

    Interactive Brokers

    Example 1 - 1000 shares in $30 stock. Scaling 25% out 3 times and then taking 100% out? Tiered: in $3.5 out1 $0.9 out2 $0.7 out3 $0.4 exit $1.5 total $7 Fixed: in $5, out1 $1.25 out2 $1 out3 $1 exit $1 total $9.25 Example 2 - 1000 shares in $30 stock. Stop out, selling 1000 shares. Tiered: in $3.5 out $3.5 total $7 Fixed: in $5 out $5 total $10 the tiered i counted the first one with less than 300 000 shares/monthly. Higher numbers are cheaper
  10. peterB

    Interactive Brokers

    same question same answer - you need to buy DAS separately then use it to trade. https://bearbulltraders.com/request-special-das-package-for-ib-traders/
  11. peterB

    IB for Europeans: some questions

    you need to buy DAS trading platform separately and then use IB account to trade with it. https://bearbulltraders.com/request-special-das-package-for-ib-traders/
  12. Here is my setup with 3 monitors. I use the upper one for chat and browsing/messaging and the bottom 2 for trading. Using the right monitor for watchlists and activity logs, 1min 2min charts. The right side of the left monitor i use for 15min, 5min and daily chart, while the left part ist split to top and bottom both showing miniatur 5min and 1 min charts with watchlist so i can watch 3 stocks at the same time. The machine is a custom built PC using MAC OS therefore i am not using the DAS platform for trading but use the java based Trading Workstation from Interactive Brokers. The monitors are 24" Benq FullHD resolution and i have bought them over the time so each one is different which is not a problem at all. Rgarding the machine it is a core i3 6100 CPU on a Z270 mainboard with 16 GB RAM and plenty of NVMe storage and HDD storage and a Radeon R9 270X GPU. I use it for multitasking work and allthough it could use a stronger CPU with more cores it is a very suitable setup for trading and also some 1080p gaming.
  13. peterB

    Are commissions a deal breaker?

    untill you generate satisfactory profit it is ok.
  14. it was not better trading. it was pure luck picking up crumbles.
  15. peterB

    Are commissions a deal breaker?

    yes 30 trades a day is not trading but gambling or playing. I understand that you want to learn as much as possible in the SIM but that does not mean you need to try this and that 30 times a day because it will grow unhealthy routines in you. So better stick to 3-10 trades max a day and focus on the quality of the setup. You should have been there after 8 weeks of SIM anyway!

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