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leilij

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Posts posted by leilij

  5. Posted

    @hailchaser2 wow congratulation on changing around your trading. looks amazing.

    I do meditations here and there and I think I will add one before the trading as well.

    I made two changes today (based on Tiffany's recommendation) which I think helped me:

    1- increase my risk to 20

    2- hid my p&L

     

    I was down $60 today after 3 bad trades and then turned it around and ended the day green 🙂

     

    • Like 1

  7. Posted

    Had my hulk day today. I am so embarrassed that I never though it could happen to me. I broke every rule. I went into trades with no stop loos and with big shares in hope of making up my loss. 

    Here are some of the reasons that I think it happened to me:

    - My R is $10 and since I don't have the confidence to get in trades quick I tend to have a wide stop. So the most I get out of a trade is 2R 

    - My daily max profit has been 2.5R compared to my SIM trades which were average of 5R.

    - I would get FOMO seeing everyone in chatroom hitting their daily goal in the first 10 minutes and I would be down R. (I know it's stupid but I am confessing here!)

    I will probably go back to SIM for a couple of days or not trade at all and just watch the stocks. I am a little discouraged and not sure what to you.

    Have a question from the experienced trades out there:

    How long did it take for your to become consistently profitable? @Brendon@peterB I know it's different for people but the reason that I am asking is I wan to give myself a timeline and be OK with the losses during this time. 

    Also any ideas on how to analyze by trades to find my mistakes would be greatly appreciated. I journal everyday (except today because there was no point!)

    • Like 1

  8. Posted

    Thank you PeterB. I use IB for by borker.

    First week was really bad, I broke every rule in my playbook, over traded, revenge traded, etc. I think I got that out of my system. This week I am mainly focusing on my rules and only trading with there is a pattern and will not focus on my P&L.

    I am hoping that after a couple of days/week I will start getting more consistent winners. 5R daily would be amazing given my trading these days!!

     

     

  9. Posted

    Hi BBT community,

    I am Leili and finished my first week of live trading. Ended the week red which is fine because live trading is nothing live simulator and I am learning new things every day.

    My R is $10 so the losers are not giving me heart attacks and the winners are not giving me much either! lol! so just working on my strategies 🙂 

    I have a couple of questions that would appreciate if the BBT members could help me out.

    1- I have Kyles' hot key buttons that would go into trade with a fixed risk. The problem is that when I decide to get into the trade it would take a couple of seconds and therefore I miss the good entry and the stop is not tight and I normally don't get to 2R reward. I was thinking of going in and then setting the stop loss after I am in the trade but going in without a hard stop freaks me out. Any suggestions?

    2- What is a realistic daily goal? (based on R) I don't want to set a goal that is hard to achieve but I don't have any common sense!

    3- Another thing that I am lacking is identifying my bias for a stock. How come one stock that has gaped up keeps loosing it from the open and another goes higher and higher?! Any resources and books that I can read to get a sense of the market?

    4- I live in Stockton, CA. Any traders close by?

    Thank you and I appreciate you taking time and sharing your insight.

    Best,

    Leili 

  14. Posted

    On 1/16/2018 at 5:48 AM, Andrew Aziz said:

    ROUTE=SMRTL;Share=BP*0.25;TIF=DAY+;Price=ASK+0.10;BUY=Send;ROUTE=STOP;StopType=Market;StopPrice=AvgCost-0.30;Share=Pos;TIF=DAY+;SELL=Send;

    Ok so I have trouble with my hot keys on the Montage. I am pretty new and in simulator.

    I have one button with Andrew's script at the top. When I click this sometimes it puts the stop order sometimes it doesn't and it only puts in the order.

    Also if I click on SELL 100% button which has the following script:

    CXL ALLSYMB; ROUTE=SMRTL;Price=Bid-0.10;Share=Pos;TIF=DAY+;SELL=Send;

    Nothing happens!

    I truly appreciate any help or if you can guide me with a link/document etc.

    Thank you!

  15. Posted

    Hello! This is Leili From California. Started reading Andrew's book a couple of month ago and just started exploring DAS and the chat room. I am a business analytics University Professor and have been thinking of getting into day trading for a while! My plan is to trade in the simulator for about 4-5 months and then go live. My goal: becoming a successful day trader in 3 years 🙂 Still getting familiar with DAS platform so still a long way to go!

    • Like 1
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