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Everything posted by Justin
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Hotkey/Hotbutton Issues
Justin replied to Andrew from Jersey's topic in Day Trading Hardware, Software and Tools
Hey Andrew, it's actually SSR - it means you have to short on the bid+0.01. Anyway, it's a bit hard to say without seeing your hotkey, and knowing if you are in a position long or short, but someone else had a similar problem the other day and I think this will be your answer: -
Hmmm the hotkey looks fine actually (and using MARKET in the stop order will work fine even on IB)... Do you have double-click to trade on?
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Hey Mark, DAS trader actually has a built in replay function now (I think it costs about $10 extra). Although it is missing a few essential features (like L2 and open orders), but apparently they are working on it! It will allow you to replay any stock (you basically pick and choose what one you want to replay and download it). BBT also has a weekly Simulator Replay training section put together by @Aiman Almansoori! It focuses on some of the key stocks the mods traded during the day. https://bearbulltraders.com/simulator/
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This is amazing news. I might have been hammering them on a weekly basis on this for the last few months
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Wow. How you even know this stuff is amazing Kyle...
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Tom N - Day Trading Journal - Looking for feedback...
Justin replied to tntp45's topic in Day Trading Journals
Sounds good. If you need any help with it, don’t be afraid to ask! Also, one other tip - You can used the @ to search someone’s name at tag them @tntp45 -
1. No, the hotkey I posted works for both scenarios. 2. Yes 3. Yes 4. Yes I think you’ve got it nailed tbh. With the newer scale out long being able to work for both situations, you seem to have a nice, concise set of hotkeys!
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Tom N - Day Trading Journal - Looking for feedback...
Justin replied to tntp45's topic in Day Trading Journals
It's two steps if you count having to double click the chart where you want your stop. But the hotkey is just one script. Yes, the math is simple, but it does take time and your focus away from the chart. The benefit of the hotkey lies in the fact that you never have to look away from the chart. You double click where you want your stop, and when the price gets to where you want your entry to be, you just fire the hotkey. Buy/sell, stop loss, share calculation, and built in risk are all taken care of for you instantly. It's just one less thing to think about! -
You require zero clarity! Your scenario is exactly how it works! You even understand the math on how it calculates the shares!
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@Andrew from Jersey Looks good Andrew. It's simply there is validation on that cell to use whatever Kyle chose in the dropdown. $45 isn't one of them, so it's throwing an error. Obviously test it out in SIM, but it should work as expected!
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@ragy @Yann I believe Kyle and Thor are still testing this internally. @DC The idea behind the free roll key is that when Thor is very much in the money and the price is very far from his entry or stop price, if the stock pulls back to a significant level, he'll use some of his remaining unrealized gains to add into his position.
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Can you post the hotkey? I can check to make sure it's complete.
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Hey Justin, Yeah, it's an issue with DAS and having a Stop order open at the same time. You need to cancel the stop order and replace it. Luckily we can do that all in one hotkey: CXL ALLSYMB;Route=LIMIT;Share=Pos*0.25;Price=Bid-0.03;TIF=DAY+;SELL=Send;ROUTE=STOP;StopType=Market;StopPrice=StopPrice;Share=Pos-share;TIF=DAY+;SELL=SEND That will cancel the stop order, sell 25% of your shares, and replace the stop order in the same position with the new share count. If you want to move your stop to breakeven you would use: CXL ALLSYMB;Route=LIMIT;Share=Pos*0.25;Price=Bid-0.05;TIF=DAY+;SELL=Send;ROUTE=STOP;StopType=Market;StopPrice=AvgCost;Share=Pos-share;TIF=DAY+;SELL=SEND
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New Trader starting out!
Justin replied to alexander shanks's topic in Members Introductions & Meetups
Nice, I've spent a lot of time up in Courtenay because of Mt. Washington! But from Victoria myself -
New Trader starting out!
Justin replied to alexander shanks's topic in Members Introductions & Meetups
Welcome @alexander shanks - I was born and raised on Vancouver Island! In response to your question about the DAS Replay function, yeah it's nice to go back and test some trades and see how the market flowed... But without L2 and not being able to add stop orders, you're learning with one hand tied behind your back. I wouldn't not use it, but you want to duplicate trading in SIM to trading live as closely as you can. The less variables that change the better; the psychology of trading with real money is hard enough of a change! Again, welcome - and don't be afraid to ask questions! -
He simply means, when you sign up for a broker, like IB you are getting real time Level 2 data (your montage and the resulting price action in your charts). Some brokers data can be delayed up to minutes, which doesn't allow you to make real time decisions needed in day trading. If you want to see everything including commissions and fees create a new template Reports / Tax Docs Next to Custom Statements Click the + Enter a Statement Name Under Sections select Check Commission Details and Trades Under Section Configurations select No for everything Under Delivery Configuration select HTML and Daily Now under Reports / Tax Docs > Custom Statements you will see your new custom report which you can run by clicking the Right Arrow Icon Yes, hotkeys are highly advised! We have some great hotkeys created by Kyle that will help you with your risk management in trades:
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Unfortunately it is not editable....
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@Seydou Dia Yeah, you've answered your question That's a huge spread. With slippage the chances of being in the red instantly are quite high. Highly advise looking at stocks with a much smaller spread (like 0.05) @Justin T Hey, I'm a bit confused. You mentioned you were trying to short a stock on SSR, but then posted your Buy hotkey. I'm probably just confused, but if you could clarify that would be great! If you're trying to Short a stock on SSR you need to make sure you are buying 1 penny above the bid. StopPrice=Price+0.01;DefShare=BP*0.97;Price=Price-Bid+0.01;SShare=20/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=SMRTL;Price=Bid+0.01;TIF=DAY+;SELL=Send;DefShare=400;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice+0 ACT:BUY STOPPRICE:StopPrice QTY:Pos TIF:DAY+;
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partialling out rejected - not enough buying power?
Justin replied to Ákos Maróy's topic in DAS Trader Pro Tips and Tricks
Yeah, it's possible you have a stop order and it needs to be cleared and replaced like mhileman has posted. The CXL ALLSYMB will remove any open orders you have, and then the rest of the script will execute selling/covering 25% and then replace your stop loss. The only thing I notice about your script that strikes me as odd mhileman is that it is placing your stop loss 10 cents above your entry with StopPrice:AvgCost+.10 Maybe that's what you want to do, but I thought it might be a good idea to point out if you just want your stop loss to be placed at break even, just remove the +.10 from the script -
Hey Jason, welcome! We do have a page that has some recommended hardware (just scroll down): https://bearbulltraders.com/software-brokers/ That being said, DAS isn't a huge resource intensive platform; so I always recommend people just buy what they can afford. The main consideration is making sure it can support multiple monitors (as you advance you will undoubtedly want more!)
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Click Chart Price Limit Order Hotkey
Justin replied to Phil's topic in Day Trading Hardware, Software and Tools
Hey Phil, looks like you found the answer I came back here to say. Definitely riskier (especially with low float stocks you are trading with). So maybe give it a shot in simulator for a bit before using it live? -
Unfortunately there is no current way to re-center...