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Lee W

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Everything posted by Lee W

  1. @Michael McCausland if you’re getting the message that says you don’t have permissions, you just need to email [email protected] and give them your name and DAS user ID. Ask them to enable the replay feature. They’ll do it and will likely tell you it is free until March 1st, then a $15/month subscription.
  2. Hey @Brian Tran ! Welcome! I'm in the Atlanta area, too. Hope to see you in the chat! I think we have a few others in the Atlanta area, but not too many have made an appearance in this thread. Perhaps we can get a large enough gathering to have Andrew join us for a meetup in Atlanta.
  3. When referring to the 1%, that’s RISK, not the full amount of the trade. You can take a trade using margin for say $75,000 (500 shares of XYZ at $150/share) and only risk $300, for example. The $300 is 1% of your $30,000. This means you’re not willing to lose more than $300 in that trade.
  4. SMB is arguably the most well-respected trading firm around. I don’t believe they offer a service as Brendon has described. You have to be accepted and hired (whether intern or desk trader) by SMB. You can’t just sign up and start trading. They train their interns through a full training program and ultimately you trade with their money, assuming you are given the opportunity. One of the founders of SMB Capital is the author of One Good Trade and The Playbook. There is also a video in the BBT YouTube channel that has an interview with said founder, Mike Bellafiore. Great interview worth watching. There are firms out there that will give you a funded account after you pay them x amount. I wouldn’t touch any of those firms.
  5. You can’t choose to use the borrowing power as priority over your equity. The trade will always use your equity first. If the trade exceeds your equity, it will use margin. Equity: $30,000 Total Buying Power with margin: $90,000 If your trade is for 1,000 shares of XYZ at $25/share, it will use $25,000 of your equity and total buying power.
  6. It’s the Back To School test drive. https://www.trade-ideas.com/ti-summer-test-drive-082019
  7. Great to read this journey recap and to see you back at it. Welcome back!
  8. Ah yes. I see that. Perhaps you weren’t actually in the position when you attempted to sell half. Maybe your buy order didn’t execute and when you tried to sell, you didn’t have any shares to sell. Subsequently, it tried to short (which is selling shares you don’t have). That’s my guess.
  9. Nick, this is awesome. I’ve been using OBS successfully but have continued to look for basic editing software that I like. I didn’t want to go through using Adobe Premier for very basic editing. I’ve tried Windows Moviemaker. It works, but meh. Looks like you’ve found the solution. I’m grabbing Avidemux and giving it a try. Thank you!
  10. Hi @Ercilia182, It appears you are trying to short something for which your broker doesn’t have available shares to short. If it were shortable, there would be an S in the montage next to VWAP. You would click the S and it would tell you how many shares your broker has available for short inventory. In this case, there is no S, hence it isn’t shortable for you.
  11. That's correct, @sawtooth500 If you right click your T&S, then Config, it will define the colors.
  12. 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.
  13. 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.
  14. 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.
  15. 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.
  16. This is great info, Matt! Thank you for sharing!
  17. 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
  18. 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.
  19. 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!
  20. 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!
  21. 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.
  22. 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.
  23. 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:
  24. @thomashzhu I’m not sure it’s any different than the regular version. Maybe contact [email protected] and ask. This is what I have: http://www.dastrader.com/download/fixes/DASInstallIBCO.
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