Carlos M.

Yuanzhi, you are absolutely correct on the 4 points you listed here. I finished this audible when I was starting live in January and after several months of day trading live, point one on your list is so crucial to the success of us new traders. When I learned to accept losses and stick to my stop losses is when I started to become more consistent and seen better results in my trading. The book is amazing and worth reading, glad you found this book helpful! Carlos

This is why sticking to your stop loss is so important. Look how this stock bounced all the way back to VWAP and just kept going. Thanks for sharing Robert!

Mark, this is a great question and one that I did some research on when I first starting getting into trading with TOS. So if you buy 500 shares long, once you sell 100 shares that is recorded as 1 day trade. If you sell the rest in any faction whether is 1 trade to sell 400 shares or 4 trades, They are consider part of the 1 day trade. If you buy 500 shares of the stock and then a second order you buy another 500 shares to make it 1,000 shares, when you sell the first 500 shares in any faction (let's say 3 trades) that's consider 1 day trade. If you sell 600 shares in one shot then that's consider 2 day trades. 500 will cover the first order and the 100 shares will cover part of the second order. Hope this helps. There is a good article I read on this but I couldn't find it. If I do I will post it here.

Let's do this! Looking forward to seeing old faces from the first meet up and new ones as well!

Aiman sweet set up man! I think if we all switched our careers from Day Trading to gaming we will be extremely successful! Saying that because we are building machines for gaming specs first, trading second!!! Nice set up!

This is so true. In the last 2 years or so I have been keeping strict exercise schedule of at least 3 to 5 days a week. Weights, elliptical (hate running on the treadmill) and cycling. When I was working 9 to 5, the days I when to the gym prior to heading to the office you can clear feel the difference in focus, energy and just overall great mood the entire day. Working out and being active is a must. Didn't this about the leg exercise pretty interesting. Thanks for posting!

Hi, I do not know much about Suretrader but I do have an account with SpeedTrader and CMEG and the information they require are pretty similar. 1) They do require two form of ID's. I provided my Driver's License and Passport. I get not wanting to give them a copy of your Social Security Card, but they already require your SS # as part of the application. The way I see it, with all the information they have if they want to do something shady they have enough personal information on us, the copy of the SS # won't make things worst, (But I understand your concerns). My suggestion is give them a call and explain to them your situation. They are very helpful and they can advise what other options are available. Try to call mid afternoon, in the morning after the market open they tend to be very busy. 2) CMEG is FATCA compliant so they are require to report to the IRS. They provide us with W8/W9 forms for tax season. Hope this helps. Carlos.

Very interesting. I do not trade the close, but would love to see this possible strategy. Post some screenshots when you catch it.

I know exactly what you mean, a few times when I log on to see the last hour action it seems like shorts want to cover to not hold overnight and the stock tends to squeeze up. My opinion is that just like the open of the market were we are finding strategies that work well at the end of the market there has to be some strategies that also work well with a good risk to reward based on technical signs. As for as knowing for sure is going to squeeze impossible as nothing in the market is for sure. Carlos

Hey Kevin, just confirmed we have not received this deal from SpeedTrader yet. We will keep everyone posted if we are able to get it. Thanks.

Hey Everyone, Below is a great question one our YouTube follower's asked and is one that we get quite often, answering it on a post oppose to the comments in YouTube comments in case there is anyone that can benefit from it. Based on YouTube Recap: https://www.youtube.com/watch?v=aufaWi5VS4g The answer is: Absolutely! When I first started trading live, I used to take profits way too early... and this happens to a lot of us. I wanted to take profits off the table right away from Unrealized into the Realized and put money right into my account. And on the loser's I would do the opposite, let them run in hopes of it turn in my favor. Those trades turned into the biggest trading losses I have painfully experienced. I had to learn how to take profits and is not as easy as it sounds and is not clear cut neither which is what makes it harder to plan for. There are a lot of things that I have to determine to set realistic and effective profit taking, like support levels, moving averages, entry position and most importantly price action. I used to get really hung up on hitting a support level when the price action is telling me otherwise and I end up breaking even or with a small profit. For me the price action has been the number one thing for taking profits. If the price drops .30 to .50 I'm taking 25% off the table right away because on average that is a big move for the stocks we are trading. This secures some profit and I still have 75% left to play with. If it drops another leg 20 or 30 more cents than i'm taking another .25 off. So this is aside from looking a levels once I have already taking some profits out this way, I ease back a bit and start looking for more signs and levels that support my price moving in my direction. These are not hard rules, there is no set tragedy, I am simply reading the price action at the moment and seeing what is giving me at that time. Also if my entry is not great, like FSLR on the above recap video, I know that the probability of getting another big leg down were not high so the minute it dropped I took profits and got out, the stock did eventually sold off and I could had made tons of money, but that's not they way i want to play the game. The probability of that happening over and over are not high so why take that gamble that is not in my favor. I hope this helps, I know is not clean cut like an ABCD Pattern, a lot of it is on feel and price action which can give off so many difference signals. Andrew is the king at this I highly recommend try scaling out of a trade if you are having issues getting out too early. Thanks. Carlos

lol! Very true. Post pictures of this set up when you have it. Can't wait to see it.

I agree with Gordon and Robert here, with everyone that we have dealt with using Das never heard of something like this unless there was an issue outside of Das like a keyboard or something else malfunctioning. Hope your are able to figure out what it is and let us know what caused it. I am curious to see what was the issue.

Great job!

Vince welcome to the team! Very detail and well documented plan!

Ouch I feel your pain we all had these types of experiences, coulda, woulda, shoulda. But hey! Green is green! Sweet!

lol I never noticed that issue until now.

As long as you have something that can get the job done effectively that's all that matters. Especially when starting out you want to spend as least as possible, but there is nothing wrong with getting nice gadgets... I love tech stuff but I am using an old gaming pad I used back in the day to play shooting games like Battlefield 2142! (lol) I don't have it label since i have the keys memorized now and I am looking up at the price action and not the keys. I can also rest my hand on it comfortably.

Bart, This is really neat! I just saw the introduction video on YouTube and the way the data is organized and automated is really nice! I have SpeedTrader and anyone that has this broker knows they do not provide these types of metrics at all. Could be the reason why they are able to keep commissions so low... Excellent stuff man!! Carlos

Nice set up! Great idea on the laptop as back up. You just never know.

I am repeating question from Gianluca73. Is it $2.95+fees or only $2.95 straight? Please help. I am with IB now and easy to get $500/Mo commission. I am with SpeedTrader now and it is $2.95 plus fees. Below is an example of how the commission and fee for my trading day today. SpeedTraders' Commission: $112.10 (38 tickets * $2.95) ECN: $34.38 SEC: 3.60 FINRA: $1.29 Total Commission and Fees: $151.37 IB and SpeedTrader both have great commission rates. Is hard for anyone to tell you this one is better than the other because only you can make that decision based on your own trading style and size. You will need to make the comparison of let's say a month of trading and match it up against both IB and SpeedTrader and see what comes out less expensive. Check this post by Robert this might help detail out what is best for you. https://forums.bearbulltraders.com/topic/425-commission-structures-comparison-ib-vs-speedtrader/ Carlos