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Justin

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Everything posted by Justin

  1. Trading software does not require much computing power. Simply buy what you can afford. But don't buy a computer from "EZ Trading Computers".... A computer is a computer. You are overpaying with them.
  2. Not sure what you mean by new tab... But you do need to save a default layout first too. Go the Montage window you want to duplicate > Right click on the Title Bar > Click on Save as Default Now open a new Montage window under Trade > Montage. Right click on the Title Bar > Click on Load Default > Commit It is really stupid, but DAS will move the new montage right on top of the old one so you can't see it. If you move the montage out of the way you will see you have two. That being said, what I mentioned above is a lot easier. Just create a hotkey with the script "DuplicateWindow". Click on the window you want to duplicate (the montage), hit the hotkey and you'll have a new duplicated montage. It also doesn't cover up the old one
  3. The type of stocks we trade here (mid float) with small spreads, rarely will blow past your stop in a substantial way. It’s just something to be aware of - it is an exception, not a norm. His gains and losses are proportional to his account size (he’s accidentally shown it a few times in chat :P). The numbers aren’t “wild” in respect to that.
  4. People do trade more than one stock at the same time. Although it's not because they want to hedge one stock's win over another's loss. You might do well to work backwards from how much you're willing to lose in a day. If your account size is $10,000 and you don't want to lose more than $100 a day (1%). Then maybe you would only risk .25% per trade, giving you 4 good trade opportunities. If you risked 1% on one trade and it went against you, you'd already be at the max amount of money you'd want to lose for the day. I'd focus on what is realistic for your own situation and what you can risk. It will server you better
  5. 1. No, setting this to true is what enables a stop loss to be triggered by double clicking on the chart. Not having it enabled with still send your order with the correct shares and risk based on where you double click, but no stop will be placed. This hotkey doesn't do stop losses by percentage points. 2. If your risk is set to $1250, and you enable "Send a stop trigger order", then technically what you will lose is around $1250. There are a few other things to consider that will make that number a bit larger, such as commissions and slippage. Also you would be wise to use a Market stop order - The slippage can be larger, but if you choose a Limit stop and the stock suddenly jumps outside your Limit range, your loss could technically be infinite until you exit out manually. A side note, it's not recommend to risk much more than 1% of your account, so I hope your equity (not your margin) is $125,000+.
  6. If you're in a demo account, why does it matter to use a "fake" stock?
  7. You're misinterpreting what they mean. For mental/manual stops they also use market. The continuation of Bryan's sentence would be this "I don't use hard stops, but if I did, they'd be MARKET; just like my mental/manual stops". I don't understand what you mean by "Opening two trades at the same time"...
  8. The script isn't buying as many shares as you can afford. It's buying 750 shares everytime. But my question to you would be why would you ever want to do that? That is a 100% way to not being able to afford anything. I'm not sure what you mean by a "fake stock" either. If you're in the demo, every stock is fake. You're not trading with real money, so pick any stock and test the hotkey. My advice would be to go look at Kyle's hotkeys. They will help you automatically take a trade with the appropriate risk (no more that 1% of your equity) and share size.
  9. Because on a limit order, if the price shoots through it won't fill. If you're long at $10, have a limit stop at $9.50 up to $0.05 (So you're willing to let the stop fill down to $9.45), and then the price shoots to $9.40 in an instant and keeps going down... You're not going to get filled with a limit order. It will just stay there unfilled until the price goes back to that 5 cent range. So sure, with a market stop you will get a terrible fill around $9.40 in the scenario posted above, but at least it will stop you out at that point. The downside of a limit stop is technically infinite if it shoots past the limit stop.
  10. I disagree Peter. I've always found them to be borderline instant and right at the price...
  11. Hard to comment on SIM, but I was trading CCL live this morning and didn't notice much slippage. If anything you'll have worse fills when you go live... But yes, having market stops are your best bet. I could tell you a couple horror stories of stocks jumping past my limit stop, but I don't want to relive them Basically try and look for stocks with tight spreads, and if you wait a bit longer after the open that will help with a bit of a decrease in volatility as well.
  12. DAS doesn't work on any Mac natively. You would either have to: a) Use emulation software, like Parallels Desktop. But this is not recommended as it is slow and is prone to issues. b) Use Apple's Boot Camp, which will literally install plain old Windows onto your Mac. The downside of this is you will need to partition your hard drive and you will lose space on the Mac side. I feel like if you can afford it, just go buy a windows laptop.
  13. You know I love you Brendon... But I couldn't disagree more in respect to Bootcamp and it's stability. There is zero difference between running Windows on your mac laptop and running it on a Dell, HP, Lenovo, etc.. Macs have the same components that any "Windows" PC has. Intel chip, Nvidia/AMD graphics, some other brand's ram, Samsung's SSD. Apple provides the drivers for these components to interface with the Windows OS, the exact same way as Dell or any other company do. You simply need the Windows Support Software (the drivers) on a USB key (link). Once Bootcamp is installed insert the USB key, install the drivers and everything will start working properly. Wifi, trackpad, bluetooth, sound, etc.
  14. Hey Joel, Just go to their website and select Open Account, it's all pretty straightforward. If there are any questions you don't understand they have a chat system you can quickly get clarification through. DAS is an extra $150 fee ($165 with Replay mode)
  15. I believe that information comes from your broker so you wont get it in SIM. Not ideal, but you can see the info on a website like Finviz though (example)
  16. Just get it through the BBT link: https://www.learningdaytrading.com/partnership/bearbull (The link above is a redirect from here: https://bearbulltraders.com/request-special-das-package-for-ib-traders/ ) It comes with ARCA preconfigured. That being said you can just ask DAS to give you ARCA if you sign up with them. And yes, your settings can transfer over. You can copy over all the necessary Desktop, Chart and Hotkey files.
  17. I can help with just the first question. if you change the export/import script to this it will work for the current date scheme you want. ; Export list to the file mylist.csv to the default directory !E:: MouseClick, right Send, e WinWaitActive, Save As Send, WL_%A_MM%%A_DD%%A_YYYY%.csv{enter} WinWaitActive, Confirm Save As Send, y Return ; Import list from the previously exported file mylist.csv from the default directory !I:: MouseClick, right Send, i WinWaitActive, Import Market View list Send, WL_%A_MM%%A_DD%%A_YYYY%.csv{enter} Return
  18. When you have nothing better to do because you trade full time and are stuck inside.... Sent a downloadable link to @Abiel and @Andrew Aziz
  19. You can have one hotkey to partial, cancel the current stop, and reset it with remaining position at break even. CXL ALLSYMB;Route=LIMIT;Share=Pos*0.10;Price=Bid-0.05;TIF=DAY+;SELL=Send;ROUTE=STOP;StopType=Market;StopPrice=AvgCost;Share=Pos-share;TIF=GTC;SELL=SEND
  20. I dunno what's wrong with me today - first I trade in SIM this morning thinking I was live, now I can't even remember basic facts
  21. Hmmm no... I could be wrong, but I don't think that's possible in DAS. Just to do trailing stops by price.
  22. Yes, it will work in the premarket.
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