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Lee W

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Lee W last won the day on April 26

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    Dunwoody, Georgia, United States

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  1. Lee W

    Reading Time and Sales Tape

    That's correct, @sawtooth500 If you right click your T&S, then Config, it will define the colors.
  2. With IB, third party fees include: ECN, FINRA, SEC, and maybe others. I'm not certain. Basically, it's everything that's not IB's commission. With the tiered structure, you'll pay them all, if applicable. In some cases, you can get an ECN rebate and these can actually be quite substantial. I've seen total fees for a ticket that SHOULD'VE been over $20 and ended up being in the single digit dollars. Rebates can add up quickly. To be eligible for an ECN rebate, you have to add liquidity. In other words, sell on the ask and buy on the bid. Many people use limit orders to do this. Not ALL ECNs give rebates, though. With the fixed structure, the ECN fee is built in. I'm not sure what other third party fees are NOT included in the fixed $.005 commission, but it is for all intents and purposes, an ALL-IN commission. I believe William is working on a commission explanation presentation for everyone. This should answer many questions and give real world examples for people to see. I think that presentation is coming soon, so let's be on the lookout for it.
  3. The 25% discount only applies to one payment. If you choose the monthly plan, you’ll get 25% off the first month. If you choose the annual plan and pay it all at once, you’ll get 25% off the entire amount. Annual is a much better deal. You can double check with them on this, but that’s how the discount has usually been applied.
  4. This should help. The video should start at 4:07. If it doesn’t, move forward to that time in the video for the info you need.
  5. Lee W

    Tax Prep & Form with CME Group

    I’m not with CMEG, but an option for you is to use TradeLog. https://www.tradelogsoftware.com/ Using this, you’d be able to import all of your trades into the software and it will generate the proper form 8949 for tax filing. I’m assuming you’ve not elected MTM with the IRS. If you have, TradeLog can handle that, too. It just isn’t form 8949. I believe it is 4797.
  6. Lee W

    Pivot Points- My Journey So Far!

    This is great info, Matt! Thank you for sharing!
  7. Hi @Roland, If you haven't already, check out this playlist on YouTube on Andrew's/BBT channel for more tips. https://www.youtube.com/playlist?list=PLwk96tt6SpMEieiE92vYOIa1UzcOSVSFB
  8. Lee W

    Day Trading and Tax Preparation

    This is correct, @Daniel Thomas , however it is important to note that the 3k per year write-off is the max write-off against OTHER income. If you have capital gains, you can use as much of a capital loss as you have gains, THEN you apply the additional 3k against other income. Your examples are correct. I just wanted to clarify the point about the 3k capital loss. it is mentioned in your post, but I just wanted to help make that point clear. If you have no other income to report (for example, if you don't hold a regular job), then MTM doesn't have much of an advantage. You may have a trading loss, but without any other ordinary income, you can't deduct the loss from anything. I suppose one advantage of MTM is being able to avoid the wash sale rule, but that's not really a big deal if you know what you traded in December, break the chain, and don't trade those same tickers in January.
  9. Just a reminder, when doing an install of a new version, it is always a good idea to back up your settings as well as your crucial files in the DAS directory. A fresh install isn't a bad idea, either. This ensures you have all of the new files and none of the old ones are lingering. If you wanted to do a fresh install, this is what I did: Saved my DAS Desktop. Backed up my DAS settings. Tools>Back Up Settings. It will save a file to your PC desktop. I've found that this file saves your desktop, hot key, and other settings. Copy my entire DAS directory and pasted it somewhere else. Just in case something goes awry, It's nice to have a backup of how everything was. Also, i wanted a copy of my .dsk, .cst, and .htk files. Uninstalled DAS. Restarted PC. Downloaded a fresh copy of .34 here: For IB users http://www.dastrader.com/download/fixes/DASInstallIBCO. For CMEG users http://www.dastrader.com/download/fixes/ETFA. Ran the installation. Opened DAS and logged in. Restored my settings. Tools>Restore Settings This will look for the backup file that was saved to your PC desktop. It opened my default desktop file and hot keys, but I did notice that couple of settings were off a little bit. I opened the desktop again and everything was pretty much good. I had to make a couple of adjustments to my Market Viewer, but that's it. Saved my desktop. If something isn't quite right with your desktop, you can always copy your .dsk, .cst, .htk files from that backup directory folder you made in step 3 and paste those files into the newly created DAS directory. Remember that DAS will automatically open "default.dsk" upon logging in. I hope this helps others!
  10. Todd, We thought you were saying that DAS wouldn’t open. It appears you’re just having an issue with it loading the correct desktop file and/or hotkey file. DAS automatically opens the desktop file called default.dsk. So, in order to get it to load the one you want, you need to rename that particular one to default.dsk. Open it, then choose File>Save Desktop. Make sure to name it default.dsk You will have to overwrite the old default.dsk The other way is to go into the DAS directory, find the .dsk file that you want it to open automatically, and rename it default.dsk. You’ll have to overwrite or delete the original default.dsk I think the desktop file will save whichever hotkey file you’re using in that desktop. However, to ensure this, open the desktop file you want to use, go to Setup>Hotkey, open the hotkey file, then go back and File>Save Desktop as default.dsk It should save everything then. The next time you open DAS, it will open default.dsk and it should be the one you want and with the hotkey file you want. Hope that helps!
  11. Todd, Did you install .34 into a new directory or over the old version in the same directory? You can simply go to the directory, find the Dastrader application file, right click, send to desktop (create shortcut). That should put a shortcut on your desktop that points to the correct file. You can then delete your old shortcut that no longer works.
  12. Todd, When you log into the site, go to the Education Center. The downloads are available there. Did you perform the Back Up Settings in the Tools menu prior to installing the new version? If so, you should be able to go to Tools > Restore Settings. If you didn’t, keep it in mind for next time. Always make a back up prior to installing. Typically, all of the files remain in the directory when you install a new version. Did you save your desktop file under a certain name? Try loading that file. I’m not sure if the hotkeys are saved in the settings or in the .dsk file.
  13. Here is the latest beta version, This is for IB users: http://www.dastrader.com/download/fixes/DASInstallIBCO. This is for CMEG users: http://www.dastrader.com/download/fixes/ETFA. This version includes the new Moving Average Pair (crossover) indicator as well as a Moving Average Slope indicator. For information on how to enable these features, watch this video:
  14. @thomashzhu I’m not sure it’s any different than the regular version. Maybe contact support@dastrader.com and ask. This is what I have: http://www.dastrader.com/download/fixes/DASInstallIBCO.
  15. I don’t post my wins or losses. Frankly, I find that distracting so I tend not to pay attention to those posts. I also don’t volunteer my watchlist, but I’ll share when asked. I’m there to learn and help where I can, but I typically help with general information and DAS related topics. I’m also knowledgeable about the ups and downs of being a relatively new active trader, as it relates to psychology, so I’ll sometimes share when it comes to that. As a new trader, I’m not comfortable giving trading advice or making trade calls. A) Many will post their wins, B) some will post their losses, and C) you’ll never REALLY know who is consistent because of A) and B) mentioned above. I’ve learned from Andrew (he’s the reason I joined a year ago) and I’ve also learned various things from Brian Pez, Robert H, Carlos, Peter D, William ADog, and Norm. The chat community is helpful for many, including myself, as there is an abundance of knowledge. You just have to figure out what info to take from whom. We can all learn a great deal from this community Jason W is my boo. We encourage each other to get in the room early, start prepping for the day, and get motivated. That, for me, is very important.

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