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peterB last won the day on March 9

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  1. 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
  2. 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!
  3. i can confirm the behavior when switching between stocks. It does same to me and also get quite often market data disconnections.
  4. i don’t as i trade on a Mac i was just curious what could be so slow about tws
  5. they will apply the PDT to every margin account. what is the technical reason you think the das shall be quicker as you say?
  6. 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
  7. 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
  8. 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/
  9. 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/
  10. 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.
  11. peterB

    Are commissions a deal breaker?

    untill you generate satisfactory profit it is ok.
  12. it was not better trading. it was pure luck picking up crumbles.
  13. 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!
  14. peterB

    IB for Europeans: some questions

    1. none that i know of. you can ask once you have the account opened though. through their support request channels on their website 2. not that i am aware of (maybe someone else will tell you otherwise) , you can discuss with them (IB) on discounts personally 3. i do not think so. IBAN transfer is the way i do it. 4. that is a question ot your bank but as i stated above you do not need to be concerned in EU money transfers. 5. --- 6. --- 7. Yes, but i heard if you keep your account in "cash" type, it is not applied but that might be old informarion. For a serious day trading you need at least those 25000$ on your account. Do not put much more than that at start. 8. Yes plenty. Bonus: You probably expect the IB account to be opened in US but if you are in EU you can use their subsidiary LYNX broker (available even in NL) and your account is actually opened in UK (they told me brexit does not change anything for us as they will move to Northern Ireland or something like that) so you do not need to have any concerns about transferring th emoney overseas. You even can keep your account in EUR and not changing it to USD if you want. Their pricing is quite more expensive so you need to negotiate with them the prices. They will be happy to give you some discounts if you tell them you are a day trader as their main focus is on long term investors using the IB trading platform to buy the stocks.
  15. peterB

    Are commissions a deal breaker?

    when you start, you need to learn in SIM which is comission free. then live you should do 1-5 trades daily maximum. If comissions is your concern you just keep away from positions over 500. you need to keep it small anyway for the start which would be $50 as you said. Which is basically good as it motivates you to trade less and better. I wish i have not spent the thousands on comissions last year but i also realize that i had like 400 chances to make the trades better and earn so much that comissions would not be my trouble. That is just my view on comissions. It does not bother me. Or at least not my biggest concern and i think it should not be yours because believe me, the biggest danger to your account size is you and your own psychology and discipline, not comissions. If you start to think about optimizing comissions then you can think the same on taxes, buying useless stuff in your household etc. So it really depends on everyones personality. At the end the amount you smend on comissions is in your very own hands. Anyway after few months of trading you can ask your broker to get you a different comissions plan so they give you discount.

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