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Brendon

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Posts posted by Brendon

  1. Posted

    22 hours ago, Jramosent said:

    In this example here I shorted the stock in which I had a .16 cent win with a stop of .07 cents. A little more than 2 to 1 correct? I ended up making $13.60, Although my risk is always $20.... Maybe I'm doing something wrong here?

    AMD Log.png

    Hmm well if you shorted 85 shares, with a stop of 7 cents away, that's $5.95 risk, not $20. You may have the script set to $20 but as Peter pointed out you may be limited to your buying power...And to risk $20 with a 7 cent stop you would have needed to short ~285 shares of AMD (at that share price).

    Hopefully this helps!

    • Like 1

  2. Posted

    16 hours ago, Jramosent said:

    Kyle - I have a question regarding this hotkey. I have been using the script for a few months now and it works perfect. The concern I have is when I let the stock go to my stop loss (risk) $20, this is the exact amount I lose. The question is when I get my 2-1, I don't get a true $20 or even $40 reward. Why is this? I have let the stock run sometimes upwards of .40 cents where my risk is say only .12. I still don't get my actual risk to reward. 

    Hi Jra - post a screenshot of your order log because that sounds impossible. There could be some slippage between orders sent and filled, but be aware the script, by nature, is not 100% accurate with the risk calc. 

  3. Posted

    On 12/4/2018 at 5:37 AM, jeremykelley80 said:

    Hey all,

    Well since I'm going live today - I thought I'd formally introduce myself!  I'm Jeremy - married without kids.  Live in Seattle for the last 5 years but grew up in Redding, CA (made famous by the Carr Fire this summer).  I've worked in retail management for 18 years, the last five being as a Starbucks store manager here in Seattle.  

    I've been in simulator since July - and now it's time to add emotion into the mix 😉  I typically trade the 1st hour and then go make coffee for 8 more hours.  Working with the public for so long, and interviewing/hiring so many people over the years, I've developed a strength in reading people... I'm finding that it has helped me read the market too. 

    I love all things outdoors, you could consider me a ski bum of sorts in the Winter.  

    Many thanks to Andrew and team for all that you do!

    See you all in the chat,

    J

    Hey J,

     

    Welcome! Try to make it to the Seattle BBT meetup in a couple of weeks. I'm down in San Jose, CA so it's a little bit far for me to make the trip. Hey as long as you're not drinking coffee all those 8 hours of I think going live will be great for you now. Start small and protect that account while you get better at reading the charts. 

  4. Posted · Edited by Brendon

    Unfortunately the only solution that worked for me was to move time-zones to have a 'sure thing' on my trading performance while I work my career. Last thing you want to do is practice in a replay simulator, save up all your money, then leave your job for day trading and find out you can't hack it yet. Too risky...but if you want to get a general feeling for day trading absolutely try a replay sim, that is the first step. 

  6. Posted

    Hi Traders,

    This time I actually have a question and not just running my mouth. 

    Does anyone know hot to set this up:

    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 hit 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 order calc your current position size, which is now 100 shares, not the original 300 shares? Can this be done with a script or in the montage? 

     

    I know we can use a 'bracket order' to have one stop out price and in the money exit price, but is there one we can set up for multiple exits and then recalc your new position position to exit the correct size if stop is hit, without taking on a short (if the stop did not recalc). Also I am not looking for a trailing stop order. 

    Let me know if I worded this confusingly and I will edit.  Thanks traders (looking at Kyle 'the script wonder dog')

     

  7. Posted

    20 minutes ago, AcKeBoNNiE said:

    Thank you guys for your answers 🙂  Ya percentagewise its not that much, but for my Stop it is 😛

    Ok, so I will always look at the VWAP in the montage!

    But remember to not place your stop EXACTLY at VWAP, as it will never be the same on different platforms/market data providers. Leave a little wiggle room, like 50 cents on a 300 stock 🙂 but ya that wiggle room should be from the VWAP on the montage. 

  8. Posted

    I have not used TradingSim in years, and I personally did not like it. You don't want to cheap out on learning the ropes, if you are concerned with costs of your tools you are probably not psychology ready for the coming losses in learning to trade live. My opinion is to work with the real thing, the live market, and on the platform you will be using, like DAS. I would not buy a yearly package, that is probably way to long to spend on that platform for market replays. Then again I used this tool years ago and am not sure how good it is now. I heed to Carlos's advice! 

  10. Posted

    @glennthephoneman2020 I prefer to use Camtasia, it has more features and easier to record and edit in my opinion. Andrew and most mods use it as well. Not a fan of OBS. A lot of members record their trading days for journaling, it's definitely helpful! And to do video recaps helps a lot on going through your thought process. I am more a video guy than hard logs, I run off the 'big picture' for a month's worth of trades. I am not trying to micro manage my trades down to a point but I am sure I am losing out on some by not doing so. 

     

     

    • Like 1

  11. Posted

    Dang, and you just got your dope new setup too! I run 8 monitors 1080 landscape, never had any issues at all. What gfx cards are you running? You can trouble shoot by maybe trying a different gfx card. I also have an HDMI switch that moves between my trading rig and my wife's work comp. Even with that I have no issues. 

    Make sure your res is the same for all monitors, like don't run 1080 on some and then a different res on another, I can see that messing with DAS big time maybe. 

  13. Posted

    On 12/2/2019 at 10:05 AM, Sapperstien said:

    Hey Kyle, This might be difficult to do and kind of dangerous to rely upon but do you think it would be possible to implement having it only execute and round to the nearest and smallest board lot (100shares) so you don't execute in odd lots? Obviously and shares <100 (mixed) would have to be executed as 100. 
     

    I don't believe it would be possible given what I know of DAS' hotkeys but I thought it would be worth a shot. Would help save on fees. Thx. 

    Curious, how would this help save on fees? Odd lots cost more? I haven't noticed with IB. 

  15. Posted

    8 hours ago, Glen Ayres said:

    Hello my name is Glen A. and I live in southern Indiana and just north of Louisville Kentucky. I have contributed to my 401 and pension for the past 19 years recently opened a Brokeragelink account  with Fidelity so could have more control over my investments. I'm excited to learn how to day trade and see if it is a good fit for me. I look forward  to  meeting People on the forum and to learn from them. Thanks

    Welcome Glen, I went to Purdue in IN, go Boilermakers! I agree with having control over your investments, personally I manage my own investment account with ETF and indices vs a 401(k). I rather have the control to withdraw and not wait until I am in a wheelchair to use my money lol. Trading is a great way to supplement your income and I get a trade or two in with the boys before work. Beats anything else to have a side hustle. 

  16. Posted · Edited by Brendon

    Hi Traders, BiG B here.

    I am new to IB and apparently they restrict margin on a select number of stocks everyday depending on a variety of parameters, but I guess it's really due to volatility over a time period. Example ROKU has been bonkers the past 6 months and my order was rejected today. SureTrader pumps out a margin ticker list I think, CMEG may as well, in their platforms (DAS) but TWS with IB does not. Pretty ridiculous if you ask me.

    So if you are using Kyle's auto share size hotkey be aware your order could be rejected if your position is too large compared to you buying power. If you're trading with a smaller account like me taking large sizes even with minimal risk of $50-$100 per trade. 

    Another reason to have a large enough account where you do not need margin...better save up small account traders!!! I am and probably will lower my risk per trade to $50, been using $100, to avoid order rejections. 

  19. Posted

    I think this can be helpful for those who may need to leave their station and can't monitor the trade if it is a longer hold. But as traders we really need to be interactive to progress. Stopping out can be tough but scaling out at the proper r/r levels should be easier and something we all need to master and be interactive on. Kyle's stop out script prevents us from blowing up accounts and he has accomplished that. Too much auto pilot can be a handicap. But I definitely am in favor of trying this out and having the option for different types of trades or taking multiple trades at once!! 

  21. Posted

    1 hour ago, Allen Stout said:

    Hey everyone. My name is Allen. I am 34 years old living in Indianapolis IN. I work for the rail road as a Yardmaster. I control all the movement of the trains going in and out of the yard. Kind of like an air traffic controller but with way less stress. Its a great job that allows my wife to stay home with our kids but is tough on me not being able to see them. I currently work 2nd shift and that really plays well into me learning to day trade.

    So far the community has been great and I am really excited to start to learn and get to know everyone.

    Great Allen! Welcome! I went to Purdue, IN is pretty cool, real down the earth people. That's great u can do the 2nd shift, I had to moved coasts to be able to trade and work ha. 

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