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Brendon

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Posts posted by Brendon

  1. 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

  2. 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. 

  6. 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.  

  7. 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 🙂 

  8. 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

  10. Posted

    On 2/3/2020 at 12:02 PM, Jaxettew said:

    When I am in a trade, I find myself constantly watching my P/L instead of seeing what the trade is doing, which is terrible.  I am thinking about getting rid of my P/L so it doesn't pop up while I am in a trade.  How do you guys scale out of a trade?  Do you start taking profits at a certain percentage? Certain Prices? Certain levels?

    Thanks!

    Yup, you have to partial out, i use 1/3 and usually take 3 partials before im fully out. As to when, it depends on how the stock is behaving and if levels were tested. But more importantly is to move your stop to b/e after your first partial, you never want a winner to turn into a loser. 

  13. Posted

    6th Gen i5? Would this be a used PC? I would not get a used PC for trading, you don't know what you're getting. 

     

    Minimums to have:

    CPU: at least an i5 or greater (latest gen recommended) 

    RAM: 16BG or greater

    Monitors: 24 inch or greater, 1080 is fine

    Video Card: 4x ports or greater, by far the best is nVIDIA P620 (I have the older P600, they are not for gaming), you're gonna need a screen for chat, platform, and the other 2 for stock watching. 

    https://www.amazon.com/HP-Quadro-P620-Graphic-Card/dp/B07C68M2GJ/ref=sr_1_1?crid=3JJ5SAP0BDV3V&keywords=p620+quadro&qid=1575047336&s=electronics&sprefix=p620+%2Celectronics%2C186&sr=1-1

  14. Posted

    Hey, sorry for the late response, I am still recovering from PRK eye surgery, it did stop me from trading but not from working on my gainz.

    So if you were a beginner, keep your workout shorter, probably no more than an hour each session otherwise you may injure yourself, mostly in your joints by gaining the flexibility and stamina for longer more intense workouts. Over working out will slow your progress and fatigue your nervous system. Do about 4 exercises per session, 2 per body part, and 2 body parts a day. One compound movement and 1 isolation, example would be like a barbell bench press, then a dumbbell bench press or a barbell curl and the a concentration curl, and you're done for the day. Then for the full body lifts like deads or squats, just have that as your workout day, it should take you an hour to do say 5 sets of those with warm ups. 

    DO NOT bother with a personal trainer lol, they will take your money but you will learn best by your own trial and error on what your body tells you and your own research, like youtube, t-nation, etc. 

    Kind of like trading, trade with a community and learn from them, but trade on your own, no hand holding. 

    • Like 1

  15. Posted · Edited by Brendon

    16 minutes ago, urby 251 said:

    interested in the Long $50 risk hotkey. does the montage have to be set at any parameters like share size or stop order type, etc., for this to execute?

     

     

    try to watch the BBT youtube video in my link from earlier on how to set that up, it explains everything, literally, all your questions 🙂

  17. Posted · Edited by Brendon

    Wow 3rd post today on just HotKeys, dang popular request.  Please see below link and scroll to the bottom for my keys and let me know if you have any questions. Also feel free to search the forums, there are dozens of hotkeys out there but mine are obviously the best 🙂 

     

  19. Posted

    5 hours ago, sdube1 said:

    Hi Friends,

    I have 2 IB accounts (Brokerage & IRA) and if I want to link both accounts to DAS, does the $150/month deluxe package will cover both accounts or do I need to have 2 separate DAS accounts. Do any one of you have any experience with it.

    Thanks.

    hmm i am not sure, but if you go to the DAS website support and contact tab they have a live chat where you can ask that question and get an immediate answer!

  21. Posted

    50 minutes ago, Kairos said:

    Hey all, Dan here on the west coast. Been swing&value trading for 20+ years and never had the bandwidth for daytrading. Don't understand the current market valuations and macro conditions have been skittish to me the past several months. Makes me skeptical of holding long positions for extended periods. Have been dropping equities and needed another way to put cash to work so here I am learning the daytrading ropes. Am an engineer by training and I run a software and data analytics company (not in finance sector). Appreciate the wealth of information and resources on here and looking forward to crossing paths with the rest of you in the days ahead. Cheers!

    Welcome! In Cali myself, moved timezones just for trading. Yes I agree, keep it simple, long term investing should be just in mutual funds like always, people will get burned hard if they stock pick. Then for additional cashflow I put my money to work in daytrading. Nothing revolutionary, just keep it simple, hard work and patience.  

  23. Posted

    4 hours ago, Stephen Harding said:

    Hey all, 

    My name is Stephen. I am 35 and I have a Masters in Aquatic Biology. I have just completed my third year pursuing a Ph. D.  in Molecular Ecology and Evolution. I am very new and had just began my investing journey (mutual funds, stocks, etc.) when I happened to find Andrew's book. 

    I wasn't really interested in becoming a day trader; I was simply naive to the difference between traders and investors and wanted to learn the difference. It was very informative and compelling so I read it again. After the second read through, I decided to start building screens and practicing pattern recognition. After a couple of months of looking for VWAP setups, I decided to take a leap of faith and try out simulated trading for 3 - 6 months.

    I am happy to have joined the community, excited to challenge myself, and to ready exercise the discipline to execute good trades. 

    Welcome to the club! Very cool areas of focus you have there! If you have any questions just message me, Ive been around the block a few times, then down that alley you dont want to go lol then back again

    • Like 2

  24. Posted · Edited by Brendon

    Hi BBT,

    Some of you were curious about my workout routine during the SF meetup a month ago, so I thought I would share. How healthy your life outside trading will inventively affect life in the trading room. At the very least, discipline, structure, pain, and patience can transfer back and forth. I work out for 2 hours every other day, unless my day job grinds me to take an extra day off. I did not list abdominals, as I simply do a variety of hanging sit-ups, windshield wipers, and leg raises a few times a week.  

    Also listed are my supplements (I buy raw supplements off Amazon and mix, it's cheaper and healthier to make your own). 

     

     

    BigBWorkout3.0pic.jpg

    • Like 2
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