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Twin Traders (Bhavan & Bhuvan)

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Posts posted by Twin Traders (Bhavan & Bhuvan)

  1. Posted

    On 1/21/2020 at 6:39 PM, Mike B said:

    Hey there,

    1. You shouldn't have to change to limit. The only thing I notice different is you have no variance in your price. Everything is set to 0. I would try to change it to .01 and see if that helps. I have not had any issues getting filled at the prices I want with the scripts below.

    2. Yes definetly change the TIF to "Day". Once you go live if your script or montage is set to "Day+" it will not execute. I learned that the hard way.

    3. Here are my hotkey scripts

    Hi Mike,

    First of all nice trade on MU. Thank you for the hot key script...it worked great today. I had been struggling with order getting rejected from couple of weeks. I had 3 trades on SIM today and keys worked perfect. Good luck for tomorrow. 

    • Like 1

  2. Posted

    36 minutes ago, Mike B said:

    Hey there,

    1. You shouldn't have to change to limit. The only thing I notice different is you have no variance in your price. Everything is set to 0. I would try to change it to .01 and see if that helps. I have not had any issues getting filled at the prices I want with the scripts below.

    2. Yes definetly change the TIF to "Day". Once you go live if your script or montage is set to "Day+" it will not execute. I learned that the hard way.

    3. Here are my hotkey scripts

    Live Script

    Long

    StopPrice=Price-0.01;DefShare=BP*0.97;Price=Ask-Price+0.01;SShare=17/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=SMRTL;Price= Ask+0.05;TIF=DAY;BUY=Send;DefShare=200;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.1 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY;

    Short

    StopPrice=Price+0.01;DefShare=BP*0.97;Price=Price-Bid+0.01;SShare=17/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=SMRTL;Price=Bid-0.05;TIF=DAY;SELL=Send;DefShare=200;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice+0.1 ACT:BUY STOPPRICE:StopPrice QTY:Pos TIF:DAY;

    SSR

    DefShare=BP*0.97;Price=Price-Ask;SShare=17/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=SMRTL;Price=Ask;TIF=DAY;SELL=Send;DefShare=200;

    Sim Script

    Long

    StopPrice=Price-0.01;DefShare=BP*0.97;Price=Ask-Price+0.01;ACCOUNT=TRCME0877;SShare=17/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=SMRTL;Price= Ask+0.05;TIF=DAY;BUY=Send;DefShare=200;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.1 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY;

    Short

    StopPrice=Price+0.01;DefShare=BP*0.97;Price=Price-Bid+0.01;ACCOUNT=TRCME0877;SShare=17/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=SMRTL;Price=Bid-0.05;TIF=DAY;SELL=Send;DefShare=200;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice+0.1 ACT:BUY STOPPRICE:StopPrice QTY:Pos TIF:DAY;

    SSR

    DefShare=BP*0.97;Price=Price-Ask;ACCOUNT=TRCME0877;SShare=17/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=SMRTL;Price=Ask;TIF=DAY;SELL=Send;DefShare=200;

    Let me know if this helps, or if you are continuing to have issues. 

    Mike ! 🙂 Thank you very much for the quick response and for sharing your scripts. This is going to be super super helpful for us ! We are so fortunate to have a disciplined trader like you in the community. ! Thanks again for spending your time to answer my queries. Learning loads from your journals and posts...surely will learn more from you moving forward. I will let you know tomorrow how it went. Have a great night ! and Good Luck for tomorrow. 

    • Like 1

  3. Posted

    1 hour ago, Mike B said:

    January 23 - $MU

    I had a decent day, but still having some issues with the montage input. I am going to do some remediation today on it. I am not sure what is but I will see with the DAS replay today what I keep messing up. Other than that it was a day to be patient. I had several setups in the morning and early afternoon, but just as they were getting to my entry order, the stock would reverse and break the setup, so  I would move on to another stock. $MU though was not bad today. I got a good entry at 58.71 and set my limit order to partial at 1R, except that instead of covering I added to my position. I quickly implemented my crisis response plan and covered some and set my break-even to may new average cost. Unfortunately, the stock pulled backed to this level and I exited. Had I not had this error the stock would have made it to my 2R level and the plan would have worked.

    This is a perfect example of why you need to focus while in the moment and execute well. The good thing is that I did not get over excited and just managed what occurred after that. 

    0x60P12.png

     

    Hi Mike,

    Beautiful entry and systematic journaling! Thanks for all the posts, it’s helping us a lot and especially your disciplined 20 sample set approach!

    I was wondering if I might take a few minutes of your time to ask couple of questions.

    I have been using Kyle’s hot key from past couple of weeks and I am seeing issues where my orders gets rejected while going long and short. I am using CMEG SIM and the below script for the long/short positions.

    1. Should I change the route to LIMIT? Or is there anything I am missing in the below script?

    2. And also should I change the time force to Day on the order template?

    3. Could you please share your equalized risk per trade hotkey script and order template screenshot that you use on the CMEG for SIM and Live trades.

    LONG:

    StopPrice=Price-0;DefShare=BP*0.925;Price=Ask-Price+0.00;SShare=5/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=SMRTL;Price= Ask+0.05;TIF=DAY;BUY=Send;DefShare=200;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.05 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY;

    SHORT:

    StopPrice=Price+0;DefShare=BP*0.925;Price=Price-Bid+0.00;SShare=5/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=SMRTL;Price=Bid-0.05;TIF=DAY;SELL=Send;DefShare=200;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice+0.05 ACT:BUY STOPPRICE:StopPrice QTY:Pos TIF:DAY;

    Thanks for your time.

    Brothers!

     

  4. Posted

    Hi Mike,

                    We wanted to thank you for sharing your experience and trading approach. My brother and I have learnt a lot from your journals. We are using OneNote for journaling and are planning to do a monthly report similar to what you have shared. This is a great example and will definitely help us to understand the nature of probability. We have not gone live yet. As of now, we are practicing three strategies on SIM - 5 MIN ORB, 15 MIN ORB and VWAP reversals. Still loads to learn and planning to go live starting next month.

    Thanks again for sharing your trades , journals and experience.

    Brothers

    • Like 1

  7. Posted

    Hello Everyone,

    My name is Bhavan MS (29 yrs), I am learning trading along with my twin brother Bhuvan MS (29 yrs). We both are from India, moved to US in 2013 for graduate program. Currently, we are full-time Polymer Process Engineers for  a Medical Device Company located in Southern CA. We joined BBT in October 2018 and are looking forward to develop a career for financial independence through BBT community. Its a great feeling to be a member of BBT, we thank Andrew and his team for the continuous help and support.  

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