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Brendon

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Posts posted by Brendon

  1. Posted

    On 4/27/2020 at 3:58 PM, Clayton Shearman said:

    Hey Ladies and Gentlemen,

    I grew up in North Texas and recently moved to Southern Idaho to follow my best friend and girlfriend into the first job of her career after she got her Masters Degree in Aquaculture.

    I joined BBT a few weeks ago and recently became a Lifetime Member after getting a taste of everything going on here. I have been trading for a handful of years on and off, I listened to Andrew's book back in early 2018 on Audible. I was always afraid of getting into trading intraday until I started thinking about my future more and what I wanted to do with my time.

    I am an independent insurance adjuster for a living so I travel and work in areas of natural disasters inspecting homes after hurricanes, tornadoes, and wind/hail storms. With that line of work, I have times where I work 16 hours a day, 7 days a week and times where I am off or out of work for weeks/months at a time. So you could say my job is very cyclical. I could get a call tomorrow and be asked to be 900 miles away in 48 hours, ready to work. I always wanted to find a job to do when I wasn't working insurance claims that I could start and stop in a moment's notice. That led me here.

    I've sim traded for months now and am looking to sim trade for a little bit longer while I get my Playbook ready and find a platform that I really like. I have already learned a lot from BBT.

    Andrew, Brian, Thor, Aiman, Carlos, Norm, Peter, Abiel and Mike B have been great. I have been reading some new books I hadn't heard of until I got here and I have been able to shape my mindset away from dart throwing and into patience and probabilities as much as I can. 

    Thanks to everyone that helps out here on the site, the staff, moderators and contributors. Thank you all for being around to help, your good work and positive attitudes make everything here possible.

    See you in the chat!

    Welcome Clayton, glad to meet you, this reminds of of the time Hurricane Sandy took our my old Nissan Z 😞 and an insurance adjuster had to value her! Glad you became a LifeTime! 

    • Like 1

  2. Posted

    Hi Riley, all I can advise on is that you do not want less stable OS's like book-camp etc running your trading platform. I suggest simple building/buying a dedicated trading computer ~$500 (like Andrew recommends in his classes) while you learn to trade. Even if you get things working, stability could still be an issue and the last thing you want is to load up DAS on your phone to exit a position because your desktop crashed.

     

  3. Posted · Edited by Brendon

    First day back after taking a month long swing trades 😕. Never let a day trade turn into a swing trade, unless that is your plan.

    Anyway had a pretty great day on ZM, sorry screenshot is kinda lousy. After getting stopped out in the morning I gave it another go just thinking the setup was not quite ready. At vwap I went long, target was the gap fill on the daily. Then the 1 minute looked toppy and wicky, took 2 quick short scalps to the moving averages twice. The trend just seemed too extended on the 30 min and turned out it was. It always amazes me just how much respect those MA and magic daily levels have.

    I was scanning the multiple time frames constantly, 1,5,15,30 min and daily non stop while keeping an eye on the SPY just in case. I was using the MAs at where to cover short, and the daily levels to sell when long.

    1014806525_ZMtrade.thumb.jpg.340c9b548a817e899b826b2f626f67ea.jpg

     

    • Like 1

  4. Posted

    6 hours ago, Glenn Budde said:

    @JasonH Did you try returning the Streamdeck. Sounds like there may be a problem with it. I have been using mine since Christmas and the only mistakes it makes is from operator error 😁 Maybe yours got tossed around a little too much in shipping.

    Good to hear Glenn, that you have yet to notice any software/hardware issue. I think it may be possible that if hold your finger over the button pressing lightly then pressing hard it could register 2 inputs. But it's so rare if ever. I do like Jason's mechanical input though.

     

  5. Posted

    Yo Jason, nice setup! I think my streamdecks also double sent an order, i am not sure I didnt check my trader log at the time. Not sure if it was could be a streamdeck software issue or a hardware issue with those soft dome buttons? But i think when i covered, it double sent, and i also went long? Did that ever happen to you and that's why you got the mechanical input device? I think I will if that happens again as well, and keeps the decks or sell them 😕 But out of all my trades it really only happened once that I can remember and even then i am not sure...

  9. Posted

    37 minutes ago, Atomspapa said:

    Thanks Kyle for all the work you put into this.

     

    Is there a way to create a script that throws on a dollar amount stop loss, say $100, onto any open positions?

     

    Thanks in advance 

    I use Kyle's keys to put a $ stop loss on a position before I enter it, you shouldnt put a stop on an already open position, too easy to have imaginary stop loss 😄 

  10. Posted

    I think we need to empathize this is a community and not a 'university' like the other groups out there that sell 'classes'. 

    Our focus should be on the psychological aspect of trading, members will come and go to learn technicals but stay for the emotional support. 

     

    Don’t let your emotions make your decisions

    Mistakes are...Expected, Respected, Inspected, Corrected in our Community

     

    corny i know...

    • Like 2

  12. Posted

    3 hours ago, Kharp83 said:

    Hi Kyle,

     

    Man, your hotkeys have been a life saver for me. Is there any way to set up a hot key that simultaneously sets a stop and a profit target once you enter a position?

     

    Thanks!

    What I have been doing is after I scale out a few times, if I have to leave or work another trade, I set a range order for the last bit. It's the best I can do for now. Say after 3 or more partials 🙂 But no I don't think Kyle has a hotkey for that. 

    • Thanks 1

  15. Posted

    Hi Kyle, I messaged you this a looong time ago and it could require a lot more scripting, but would be a great feature.

     

    This feature would allow you to have multiple scale out pending orders with 1 stop order at a fixed price (average cost, b/e, or another price figure).

    After a scale out, your stop order, which would of been sent to the market with Kyle's Keys, would again resend to the market depending on your current position size...so after 1 scale out your number of shares for your stop order would recalc and resend to market and after 2 scale outs, etc. 

     

    Say you are long 300 shares @ $10 and want to scale out 100 shares at $10.30, 100 shares at $10.60, and the last 100 shares at $11.00 but want your stop to be at say be at b/e $10. 

    And the stock hits your first two targets $10.30 and $10.60 but then failed and went back down to hit your STOP at $10. 

     

    My question: is it possible to have the pending STOP orders calc your current position size, which is now 100 shares, not the original 300 shares? (Cancel and resend to the market after you're 'in the money stops' are triggered)

     

    Not really related to Kyle's Keys, but could be a new project if it would be practical

  16. Posted · Edited by Brendon

    You have to be able to identify patterns and price action with proper risk management. Although a lot of the time the stock does the exact opposite of what we think, I have never heard of a trader who is successful simply by doing the opposite of his gut.  

    In short, don't ever do that  🙂 , btw I would lower your risk to $25-$50 per trade and take no more than 5 trades a day until your consistent. Also try sticking to going long vs short. I find short trades a slightly more difficult to identify. 

  17. Posted

    Hey Kyle, I look forward to the new version! Sounds exciting. I think what would be most helpful to members would be:

    --Examples of you customizing the hotkeys (a few common ones) live in excel, entering them in DAS with the proper montage setting, then how to use them. Also converting Andrew's hotkeys from the classes using your settings. 

     

    Most of which you have gone over before, but it's always best hearing the teacher again.

    Thanks! 

    • Like 1

  18. Posted · Edited by Brendon

    Hi Ercilia, hmm I dont recall that I entered a tax ID number, I forget, I may have, this was a couple of years ago. I just made sure I had a statement from them and excel extracts showing my trades for my records. I was lucky enough to get both of those. Not sure if international brokers have TIN numbers, sorry! But if you dont have 25k, the best approach is to day trade under PTD and when you save up enough, go with IB. 

  22. Posted

    On 2/8/2020 at 11:27 AM, Ercilia182 said:

    Getting tax statement from CME was a hassle.  I called they would put me on hold,  they would tell me they will call or email me information.  It took two weeks of constant calling (direct calling), emailing and finally, when I said i need a contact name for my attorney to contact, they sent me the information.  I closed my account months ago with them, but I am considering U.S. based broker.  Not worth the frustration.  not happy at all!

    Well done, smart. I was able to get some pitiful excel extract that was quite confusing (did not show the buy/sell prices of the position) but at least it showed the gain/loss and quantity for tax purposes, but by day, so a lot of manual work to add up tickers...And this was after several phone call/emails/ and voicemails left. Kind of unbelievable they close your access to your account with notifying you. Never again opening an offshore account, not worth the hassle. CMEG was once good when they opened up but they got flooded with accounts and couldn't keep up. Oh SureTrader is dead btw. Just bad news all around for these offshores, sadly. Maybe they will get a more streamlined process down the road but not with my money.  

  23. Posted · Edited by Brendon

    11 hours ago, Justin said:

    Just gotta be more dedicated to the hold music! 😂 Last week I did a 40 minute and a 30 minute hold.

    lol screw that brother, red flags abound, you gotta see a bad trade when it hits you in the face, i withdrew my money and they disabled the account so i cant pull any transaction data lol, i called today and they said they cant enable it again and 'maybe' can send me a spreadsheet of some data lol. i say feed them to the dogs. 

    No issues with IB 🙂 

  24. Posted

    Eh not a big fan of not trading in the 1st 5 minutes, too many moves you can miss, it will mess with your judgement and create anxiety. It sounds like you are the type of trader who wants to trade within the first 5, so do it!. Just respect your stop, and you will get better at taking 5 min ORBS, over time, for now make sure you risk little while you learn. 

    • Thanks 1
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