Angela Kuzeva

Hi, few things, you will make same money no matter the stock is cheap or not, if you are trading with fix risk, there will be no difference, just you will buy / sell different number of shares, more shares for AI and less for Tesla. The price of the stock doesn't define the profitability. 1$ on a 30$ stock and 1$ on a pricey stock mathematically don't have the same value. But 1R profit on the same two stocks has it. Experienced traders focus on stocks in play, those liquid and in play for the day as they provide the best opportunities with clean price action and fast moves because many traders are trading the stock. Look at RVOL, shares traded for the day, ATR and how clean is the price action. My advice is to collect data and figure out which stocks you trade well. What I mean by this is that we are different, and everyone has different personality, some trade well stocks which move slower, and others prefer stocks which move faster. Some stocks are more volatile or wicky and every stock has its own personality too. That information will come from your stats over series of trades. However, it doesn't mean you have to avoid all other stocks, it just means that you have a little more edge with some group of stocks than others. I will give you an example, my stats show that I trade well stocks over 20$+, ATR 1$+ and over 2 mln shares traded today. How does this help me. If I am in discord call out chat or look at the scanners, first thing when someone calls a stock, I will look at the ATR, RVOL and shares traded. Then will look in the price action and how clean it is before ever decided to take a trade. This is subjective and I use it for stocks I never traded. I still will trade stocks under 20$ like $CCL or $NIO on certain days when they move clean. The more you trade the more you get experience and understanding of what works for you and what to avoid. There are these traders who trade only few stocks like $SPY. $QQQ or $AAPL and $TSLA. They have spent time to get to know the stocks and how they move, and this gives them a little edge. But they still trade a profitable strategy and have sound execution to make money. On a different note, learn and test a profitable strategy. This is where the focus must be and forget for the money you will make. Even when you trade live, your main focus is to execute the strategy well and not the money. The money is a by-product of the strategy, your execution and discipline not the price of the stock. Setting daily target of how much money you have to make is something which will delay your development as a trader. It is unrealistic to expect to reach a daily profit goal when you are learning. You may be green for the day but traded horribly and you will take this as a great performance when you just got lucky. Your daily goals must be performance based - discipline, patience, execution, selection etc. Did you execute according to your rules. Was your selection good? Did your trade meet the strategy criteria. Trading is just the opposite of what everyone thinks. They focus on the money (outcome), but trading is about focusing on the process of trading (performance) and money follows. You start with a strategy, when you master it, you work on your entries, then you work on holding to target and this is how money flow in your account if you consistently execute your strategy. This takes years, set the right expectations from the start, it doesn't come in a month or even an year or two.

I wouldn't consider this set up for a parabolic reversal. There is a range and one 5 min candle after breaking. I am not saying it will not reverse but this is not a parabolic move. It has to be extended on 5 min, clear parabolic move, many consecutive candles in a row with no pullback. 5 min candles must be bigger than average, small 5 min candles don't count. Level on a higher TF and fake breakout on 5 min. Your entry is from 1 min, but you need at least 1- and 5-min TF alignment. Later on, a day I look at 15 min TF and play parabolic reversals on 15 min. The best way to avoid double fakes is to enter early when is still extended on 1 min and if comes back exit at BE. You need to see the momentum and must read the price action inside the 5 min candle (1 5-min candle consists of 5 1-min candles) minute by minute to be able to anticipate that the 5 min candle at the low will close as a green candle for a long for example. Win rate on Parabolic reversals is low. You will have many losing trades because you try to reverse a strong move. It comes down to be quick to exit at BE or less than 1R loss and hold the winners to target. You also need to have very tight SL to be able to cover the losses and have high R:R. Parabolic reversals are tricky because the strategy is based on excellent read of the price action minute by minute around the level of interest. My trade book on them is 12 pages so far and I continue to add different scenarios and new rules. It needs patience to wait for a perfect entry. Look at the chart I attached, you have many consecutive red candles with no pullback on 5 min, extended on 5 min, level on daily, extended on 1 min, tweezers on 1 min, hammer on 5 min and fake BO on 5 and 15 min, increasing volume at the low.

These are common limiting beliefs which we all have. Afraid of being wrong - usually translates in life in aiming for perfectionism, seeing mistakes as a failure instead of an opportunity to learn from them, seeking external validation that you are good enough in this case from the market and your trading. There are many others, but these are one of most common. Fear of failing and doubt in your knowledge translate in low self-confidence, lack of belief in your strategy, attaching your self-worth to your trading results. What is your automatic response in the market to these beliefs - it can range from hesitation to take a trade to impulsiveness, revenge trading, overtrading etc. One way is to write down your thoughts and feelings before and during each trade. If you didn't follow your rules or made a mistake or had a losing/missed trade before what is the action, you took in the market. For example, I felt frustrated because I took a loss on my first trade today. Next, I entered without waiting for a confirmation. I regretted and felt anxious not to take another loss. I moved my SL quickly and I was wicked from a profitable trade. Over a month or two, you will start seeing patterns and will know your triggers and how you subconsciously respond to them. This exercise brings you awareness, without awareness you can't change anything. Once you know your triggers and automatic responses you can create a plan when this happens what you are going to do. For example, you find that you jump on the next trade quickly after a losing trade. This shows you; you are not able to reset yourself quickly to neutral after a losing trade. So, you may implement a 10 min break before the next trade after a losing trade. Along with the above you must forget about the money and winning or losing trades/days. Your main focus must be following the strategy criteria and rules. The easiest way is to have a strategy with very strict rules including entries and exits. You focus on executing it flawlessly instead of winning or not and how much money you make it. When you execute a trade according to all rules and doesn't work, this doesn't make you feel as a failure because you have done all right and you know market is random and not all strategies work 100% of the time. Setting a daily goal is another tool. by that I mean not a goal of having a green day or 2R goal. These are outcome goals, and they bring only stress, and you can't control the outcome of these goals. You daily goal can be taking max 3 trades per day or taking only A+ set ups, or even as in the example above taking a 10 min break after a losing trade. You track your progress on the goal. It is better to have 1 or 2 max goals per day and work on them until you become consistent. You must be able to control the outcome of the goal. These are called process goals, they can be psychological, habit goals, trading goals. Start small and aim for a small improvement every day. by tracking your process goals, you start seeing progress and your self-confidence and self-belief start growing.

@DollarBill Yes, my point is that you can subscribe to DAS SIM only through BBT without the need to pay for the live version of DAS PRO and linked it to your brokerage account. DAS provides fully functional Simulator platform, identical to the one which you will trade live.

I use the default study and shows the ATR (average) for the last 14 days on daily, on 2 min chart will be the last 14 candles. On daily when the ATR is pointing up means stock is trending, expanding the range. When flat, not much activity so I am not expecting outsized days. If you want to see the ATR of the previous candle you can change it to 1 in the study and it will show you the value in $ for only this candle. If you want to include last 30 candles for example, you change it to 30 in the study. The shorter you make it, the more difficult to read it as gives lots of signals. You can also see the spikes in the ATR line on the shorter TF if you plot it on you chart (the volume section), which you will read as increased volatility and you anticipate breakout or near reversal point based on the price action, volume candles, where is the stock on the longer TF. I don't use it this way, but it is another way to look at ATR and use it in your analysis. The easiest way is to use the daily ATR and % of the daily ATR for a SL. In some stocks like $TSLA your SL could be 1$ and in not so volatile stocks could be 0.05$. It always reflects the volatility in the stock, if trending ATR will be increasing so is your SL. That's particularly useful at the open not to be stopped out all the time and later in the session to capitalize on tighter stops and better R: R. I also keep wider stops for wicky stocks like $ABNB, $COIN for example.

In live account you pay extra for ARCA book if you want to have it, everything else you have in your DAS SIM, you will have in your DAS PRO. Replay doesn't work during the trading session; what I mean, you can't download data for stocks and replay it during market hours, it is only outside market hours. Replay is a great tool to replay your trades after the market closes. During the trading session you can trade in you SIM account with live data, exactly as you are going to trade in your live account. There is absolutely no difference.

Actually, the ATR gives you exactly this information. It measures the current volatility of the stock. If you put the ATR study on 1 min chart will give you the average range for a 1 min candle, on 5 min TF will be the range of the 5 min candle and so on. The daily ATR gives you the information of the average daily range of the stock. For example, if the stock made 100% of its daily ATR it is not wise to go long but start looking for a reversal. ATR doesn't stay permanent, when the stock is in play and makes bigger moves, it is reflected in the ATR so your SL changes. Another way to use ATR for SL is by time of the day, for example beginning of the session is volatile your SL can be 10% of the daily ATR, later on the day when the volatility goes down you can have tighter SL. You also must consider the spread in you SL calculations. Parabolic SAR is another study which you can use as a trailing stop. You can use it for SL, but this will be a wide SL if this is your style. The problem with most indicators is that they work in certain markets and don't work in others. Parabolic SAR is great in trending markets and not in choppy markets.

You can have DAS SIM when you decide to try the strategies. It is advisable to trade in SIM, get screen time and develop a strategy before you trade a live account.

Yes, there is a replay in the DAS SIM. You have T&S but not L2. Replay is also available if you have live account and DAS platform, it is part of the package.

I also vote for Shimmers in Mina Al Salam and One& Only Sidharta Lounge at Grosvenor house, outdoor terrace but not by the water

I am in too.

Hello, Trading is all about process and consistency and money follows once you focus on the process. Saying that you must test these strategies and find out for yourself. Andrew is a momentum trader, you may be also a momentum trader but may be you are not. Strategies work for him because he has traded them for years with a positive outcome. He has high win rate because he has developed the skills, the price action understanding and recognizing his edge, acts without hesitation and executes his plan. They have high win rate for him and he trades them every day in the room. So the strategy is just an edge on the market, it is nothing else than an indication of a higher probability of one thing happening over the other. You must test it yourself as we have different personalities and see the market in different way. That means you must trade one strategy for a couple of months and collect data, and see which one works for you. This is where you develop your trading skills and find your edge. Your results with each strategy will show you which of them you are good at and which are not for you. From there you take those which work for you and continue to perfect them. A win rate alone doesn't mean you will make money. You must track pay off ratio ( av. winners / av. losers) too. A 50% win rate with 1 R pay off ratio = Breakeven. You will be losing money below 1R and make 20% profit if your win rate is 60%. You may have 30% win rate but your pay off ratio is 3R, you will make 30% profits in this case. Trading is a number game and strategy is one of the variables, and you must test it for an extensive period, a 100 trades will not tell you much because market goes through different conditions and sometime your edge is not presented, so you sit on your hands in these days and preserve your capital. Or you are not seeing the market properly for different reasons at this time and you must find it for yourself what is the problem and adjust it. That's why tracking all your trades, journaling them are important and part of the process. So if you are starting just now, pick up one strategy which clicks with you and trade it for 3-4 months, track your trades, take screenshots and review them later and the results will slowly start to emerge. This will be your results with the strategy.

I have tried Camarilla and I still like them on SPY as they are quite precise if trading SPY. The thing is that this play is not every time when the stock hits these levels. It is a play based on the relationship of today's daily range to the previous daily range and where the stock opened today in relation with the Cams. I also think that daily matter in selecting stocks to play off Camarilla levels but I don't have advice here as I don't trade them. I found myself more successful trading off levels and patterns I see on daily and 60 min. I use a top down approach from weekly to daily to 60 min and lower TF and I am aiming for a bigger move. Identifying the exact criteria for entry and exit is the same criteria for reversals as S3/R3 is a reversal strategy. For short could be parabolic move into a level, reversal candle, volume, extended from 9 EMA on 5 min, T&S signals or a pattern formation at level - double top, tipple top H&S, drying volume at the top, T&S, cross over of 9 & 20 EMA on 1 min. Watch the reversal webinars in BBT education center - there are many - parabolic, extreme reversals, mountain pass.

I agree, I am commenting on current chart entry and SL. and not on the quality of the set up. It is mentioned as a VWAP strategy and I made it clearly I have never traded.

HOD is High of the day

Wait for the candle to sell off first and after that breaks the high of the previous candle. You may enter at this point. I assume you are entering on the 3rd green candle after the red one. If you play early in the session, the stops must be wider because of the volatility and the size of the candles. You may have the set up on 5 min but it is preferrable to enter from 1 min chart for better R:R. I still think the best entry is the break of the consolidation, which confirms the price action to the upside and entry on 1 min. The consolidation at PM above price action is concerning as it will act as a resistance if the stock is not strong enough to go through. But honestly I never traded VWAP strategies and I see it as break of HOD. I usually have stops on wicks or bodies of the previous candle depends on the time of the day, the strategy and size of the candles, I trade mainly breakouts and parabolic reversals. There is no guarantee that I will not be wicked out to the penny but if I am convinced in the set up, I re-enter. Also some stocks are more wicky than others and you need a wider stop for them. Last week volatility was high, so expect wild price action and wide bar candles and most stocks trending with SPY. So VWAP as a technical SL works but you also have to consider market environment, stock you trade, time of the day and size of the candles to adjust your stops.

In my opinion it is not possible to avoid being stopped out unless you have a very wide stop but this will not do you a favor as your R:R will not be good. And still not a guarantee because this is very early in the session and you don't have enough data information, it is still price discovery phase. Yes there is volume bar which may suggest a push up but on the second bar after the pullback everything can happen. it can fake break and go down as it opened lower. It can go to PMH and go down. You must look at longer term TF and trade with the long term TF trend. For me the trade would be after the triple top on the opposite direction if the daily and 60 min support the downtrend hypothesis. I would not try to catch a short term pullback on 1 or 5 min. There are few things I can suggest: If catching this pullback is your strategy, you must define rules where to enter and where to put your SL and follow them. Track the results and adjust based on the data, let's say 100 trades. I would look at placing SL: below the wick of the previous candle, that's risky and you will be stopped out many times and works more for parabolic reversals than catching trends below the last swing low below the body of the previous candle below a level once it confirms that it holds In this particular scenario, I personally will enter on the break of the HOD and put my SL either below the wick of the candle which breaks the high or few cents below the level. If I get stopped out, I would re-enter once the price goes through my previous entry and keep the same SL level. I will try only two times. But I would do this only if I have a trade book for this trade at the open.

As previously said you need not only a set up but also an entry strategy, and trade management strategy including you target ( a level, MA or 3R) where to partial, do you move SL to BE or you partial at 2 or 3 R and then you move your SL or it could be all or nothing ( 3 R without moving SL.). The goals at early stage is not how much money you make but getting familiar with the platform, defining a trading process , get enough screen time, learn price action, L2 and T&S, identify which set ups you trade the best and which you are not good at and scratch them, building a journal and sound review process. Money comes naturally once you master the above. We all start with the mindset of the outcome but in trading the process oriented approach is the way to success. You are not doing wrong, it is a learning curve, you enter in a good trade, couldn't manage, so now your improvement goal will be to define exit and partial strategy. Don't expect to be able to hold the entire move, it will take time, we all start scalping and shorter TF and once we get some experience we move to bigger TF and look for set ups there to get the bigger moves. Don't beat yourself. You did it great! I couldn't see any set up for much longer than 3 days when I started.

Hi Jeremy, in my opinion your entry should be very precise and I found if you enter on the wicks this strategy is lucrative but also this style is dangerous. Perfecting price action, local structure and L2 are the most important for the success of this strategy. I mean the better the entry the better the outcome. You must be able to stomach the stock to go against you for a short time and a larger drown-down as you are entering with bigger position size. Basically you are looking for a quick move with conviction, if not happening you bail. Also look for stocks with bigger ATR and they have to be in play and move quickly. Position sizing is something I found super critical and have to be carefully considered based on your account size and buying power. If you are adding on these plays, your risk increases and you can easily blow your account if you don't calculate in advance the maximum shares you can take. Certainly there are money in these scalps but I am still digging to find out what works for me. The range plays work and I play them on SPY as SPY is ranging often.

That correct Matt, the best approach in my opinion is to work on building skills, growth mindset, proper risk management. Strategies are only small part of the game. The edge is not in the strategy itself, it is you who execute the strategy and here many things come to deal with - emotions, risk, stress, decision making, uncertainty, randomness. Once you start understanding the price action start building your mental capital which is as important as your account capital. There are wonderful materials in BBT Education center on the topic of trading psychology to help you with this part of the journey. Thanks for asking, I have been progressing slowly. First few months were disaster, I just couldn't understand anything although I spend 3 months watching all the lessons and webinars in BBT, read books, taking notes and studying. I went back to the basics and started over and this time slowly the things become more clear. I have embraced Aiman's approach. I trade with 5 $ risk in simulator which is hilarious as many times I will trade 2 shares of Tesla but when I look back it makes sense to me. The goal in this game is to preserve your money and mental capital to trade another day while building your skill and finding your edge. I am consistently green the last 2 months and making 4- 5 R average a day. Now I am increasing my risk to 10$ and planning to add another 5 $ risk every two weeks if I am green. My plan is to slowly transition to live next year, maybe in March. Also considering the option to trade 2 days live in a week and 3 days in SIM for a couple of months and see how it goes before completely go live trading. Merry Christmas and Happy New Year!

I am 8th month in SIM. My advise is study, start with the foundation section and give yourself time to learn DAS, just get super familiar with the platform. Watch risk management, position sizing webinars. Get some screen time and practice hot keys and execution. Meanwhile learn the strategies and patterns and try to see them on the chart and in real time. You can go trough Ayman's replays and practice them as he has the entry time and the strategy. It is very useful to study market structure to keep you on the right side of the trade. Don't limit yourself to one strategy, practice all and see which one suits your personality. Once you are familiar with the strategies start journaling your trades to find out which strategies, what time of the day, which type of stocks you are doing better. Focus on these strategies only and perfect them. Start building your playbook. My advise is to practice in SIM during the real session as much as possible to recreate a real feeling for the market and make it as real as possible. Something super important is to practice in SIM every day with the size of the account you are planning to go live. It's a journey and takes time to find your edge. There is lots of valuable information from the moderators in the room, education center is amazing, ton of valuable webinars, Thor's mentorship session are great. As to ORBs, focus on price action, Level 2 and executing precise entries. You must be able to analyze a lot of data in a second, and quickly take a decision to place a trade or no. You also have to look at your internet latency at the open. The open is violate sometimes you don't get filled or you are filled at a very high price. In my opinion to make good money with ORBs, you need quite large account to put on size. And bigger size comes with experience and mental resilience. Wish you success!

Candle patterns and their application in day trading and different time frames Pullbacks vs Reversal Trade management and profitability - different approaches

Hello everyone, I am so grateful that I found BBT community through Andrew's books. I joined with the monthly subscription but two days later, I changed to a lifetime member. That's the best decision, I've ever made in my life. Hats off guys, I was hesitant to join because I am a woman and although I work in a man dominant industry , I felt shy. I don't regret even a second, I am so inspired and motivated by all of you, I am reading and listening to the videos, taking notes, join the chatroom. I am so grateful, I found BBT community. There is an incredible and valuable information here, everyone is always ready to share with others, lend a helping hand, it really feels like a family where you can honestly share your struggles, fears and joys in a safe non-judgmental environment. A little about me, I am Bulgarian, living and working in Dubai for the last 10 years. I am a regional sales and revenue manager in a global car rental company. A couple of years ago, I came across Andrew's Halam book " The millionaire expat" ( I am an avid reader ) and found out that my retirement plan with an international, well known investment company is just a long term insurance policy, presented as an investment plan, with hidden fees, closely to 7.5 % per year. I started to dive more and more into the financial markets, trying to find out how to invest my money better in order to achieve early retirement. Reading books about investments, swing and day trading made me think what actually best match my personality. At first, I found day trading not my cup of tea but after reading Andrew's books again and again, everything started to fall in place and make sense to me. I am definitely not a type of person who can handle money left overnight on the market ( I've done this and lost quite a big amount), nor I am only satisfied with passive investment in ETFs. My goal is to learn from all of you and become a successful trader over time. How long it will take, I don't know, I give myself 2 years but it may take longer but I am determined to go through the learning and practice curve as long as it takes. What success means to me, become a disciplined trader, protect and grow my equity, think in probabilities and take responsibility for my trades. Thank you for the opportunity to introduce myself and looking forward to connect with you all. Stay safe!