Lee W

My trade journal has input fields for the following: number of trades number of shares traded commissions to broker ECN, SEC, and FINRA fees I left out one of the input fields. Here is the correction: My trade journal has input fields for the following: number of trades number of shares traded gross P/L commissions to broker ECN, SEC, and FINRA fees There we go. That's better.

Jason, this is a great idea. Thank you for offering up a place for our suggestions! My trade journal has input fields for the following: number of trades number of shares traded commissions to broker ECN, SEC, and FINRA fees It then calculates the following: total fees total fees per trade net P/L accumulated P/L average P/L per day (based on the number of NYSE trading days available during the year which is 250-ish) weekly total P/L estimated annual income (based on 250 available trading days during the year) Finally, my workbook has 4 separate tabs. All of the sheets are the same except for the commissions. tab 1: uses the commission and fee (ECN, SEC, FINRA) info from the DAS simulator Account Report tab 2: assumes $0.0035 per share and still uses the DAS sim fee info tab 3: assumes $0.005 per share and uses the ECN fee from the DAS sim. There are no SEC or FINRA fees on this one. tab 4: assumes a flat rate of $4.95 per trade; no additional fees' A field to enter notes would be helpful, as well. I created these tabs as I wanted to see how different trading styles affect the costs of trading. I also wanted to see the cost difference between IB's fixed and tiered plans. Finally, I wanted to see if a flat rate per trade is a better option, depending on number of shares trades. So that's mine. I hope you find some of this useful! I'm looking forward to what you develop! Oh, I'd love to have this app available on the PC, if that's an option. I use and iPhone and iPad, but all of this stuff, for me, is done on the PC. Thank you, Jason!

Fantastic! Glad I could help!

There could be a couple of issues here. 1st: make sure your order template for the montage is set up properly. Right-click the montage, order template, then set it up for BOTH the NYSE and NASDAQ exchanges. You can also check the box that says "Use Global Default." If you do this, you need to go to the setup menu at the top, order templates, and then set up the Global Default Order Configuration. If each montage has the "Use Global Default" box checked, then it will use whatever settings you have in the global configuration. Just be sure to set it up for whatever exchanges you're trading on. 2nd: To have multiple montages that look the same: right-click the frame of the montage window, then click "save as default." Open a new montage, right-click, then load default. As long as you're using the latest version of DAS or DAS Demo, it will create a copy of the montage. Be sure to check the order template settings in your new montage (either to use the global default or the local settings of that montage). Also, you'll need to anchor the new montage to whatever windows you'd like. I hope that helps!

I’ve been using .05 but haven’t tried anything else. I think I’ll give .03 a try.

Have I ever told you that you’re a stand-up guy? lol Hahaha. I didn’t even realize! Now I see what YOU did there! Lolol

There are some other fees, depending on which rate plan you choose. The fixed rate has some fees already included. The tiers, you pay them all, but you can get liquidity rebates. This thread may help. Interactive Brokers - see post #4828

Nice, Ryan! Thanks so much for posting the update. I have started wondering if the 60” will be large enough. I’m glad I was able to see an entire trading station on the 71”. How’s the stability and functionality? Any complaints or suggestions on how it could be improved or are you satisfied across the board?

This is going to be awesome! I can't wait to get some merch! In the meantime, I had my girlfriend make a coffee cup for me to use at my trading station. Represent!

Definitely some good ones! Antonym of FILG... FIGO. LOLOLOL. That’s awesome.

I use Quicken to track all of my expenses. Like Carlos, I have everything categorized so I can mark something as a business expense or otherwise. Commissions and associated fees are accounted for by your broker in your cost basis, so I don’t think those need to be tracked. Besides, those don’t get input in your tax filing the same as other business expenses (different IRS form). As it all relates to taxes, this thread may be useful: Day Trading and Tax Preparation I hope that helps.

David, thank you for the kind words. I think you’ve summed it up nicely with this: Complainers need to watch a nature video on baby birds jumping out of the nest…one morning you just have to get out there and jump. Trying to follow exactly how Andrew trades each time is not how to do it. Taking what you have learned and applying it is the way to go.

This is awesome. Really nice site, Kurt! We've got to get this going. Just think of all the awesome quoted material we can have on a shirt! I hope EEEEVERYONE had a good morning so far… I’m covering… Cover!! Cover!! Our good buddy XNET… These levels are magic! It’s a horror show! I may regret that. Piece of garbage! FILG!

First, let me say that I completely agree with you, Robert. I respect Andrew's decision to not show his P&L. Even if we take the same trades, many will have different P&Ls due to share size. Of course, share size is determined by account size, risk management techniques, and our own psychology. I don't need to see Andrew's P&L to learn the techniques. I just need to learn strategies by showing me wins and losses, not amounts. Let's remember that money is probably the biggest motivator when it comes to just about everything with many people, if not most people. When you look for a job, one of the first criteria - after determining the job field - is the pay. A lot of people will automatically think the higher paying job is better for them, simply because of the higher pay. I'm certainly not saying this way of thinking is the right way or wrong way, I'm just stating how I think most people approach something like this. I think the same thing goes for trading. When people are watching YouTube, they associate big wins with big success. To them, these big wins = better trader. As we all know, many of those traders that show their big wins rarely show their losses. Those losses help us learn, though. That's one of the many reasons we like Andrew's style. He teaches strategies by showing us his wins AND losses. This statement is so true: “You learn more from other people’s failures than their successes.” I do think some of it is curiosity, but mainly I think that many people, in general, are attracted to the money. That's why so many YouTubers that show their fancy cars lifestyle have so many followers. Perhaps people want to live vicariously through those YouTubers. Some just want inspiration. Some just want entertainment. In the end, though, there will likely always be people that complain. "You can please some of the people all of the time, you can please all of the people some of the time, but you can’t please all of the people all of the time.” Thank goodness I'm in this community. I'm thankful to have found Andrew, Brian, and this chatroom. I enjoyed Andrew's book, I'm learning more each day from everyone in this community, and I don't have to filter out the nonsense that so many other chatrooms and traders show.

Oh, one of the new features of the latest release is the ability to record the screen for playback. I’ve seen people in the chat talk about this, so it may be worth checking out. The release notes simply state this: -Added screen recording/playing feature (Tools->Screen Recorder) Might be handy as a learning tool to go back and watch your trades! This could also be great if Andrew wanted to incorporate some screen recordings into his classses. I’m not sure what’s kind of extra work or time is involved; just wanted to leave it out there as a thought.

I wonder if this will allow us to create the new montage from the old one as discussed in this thread. Well, I have great news! I downloaded the latest DAS (DEMO, since I'm on sim) and it works! I created a hotkey called DuplicateWindow and made it CTRL-D. Now, if my active window is the montage, I click CTRL-D and it creates and exact duplicate of the montage. PLUS, it is not anchored to anything, so you can anchor it to whatever other windows you want. It works independently of the other montage, just as we wanted. Also, I tried the SAVE AS DEFAULT method. I right-clicked the frame of my montage, clicked SAVE AS DEFAULT, opened a new montage, right-clicked the frame, LOAD DEFAULT. This worked, too! It loaded the same layout of my first montage into the second and this second montage can be anchored to whatever windows we want. NOTE: The new montage (with both processes above) did have 200 shares as the default for NASDAQ, 1000 for NYSE, etc. I changed those but then realized that I didn't have the Use Global Default checkbox checked in the Order Template settings of the montage. So, I went ahead and change my Global Default Order Configuration settings. At the top of the screen: SETUP>Order Templates Next, make sure the Use Global Default checkbox is checked when you right-click the montage>Order Template. If it is checked, it will use the Global Default Order Configuration rather that the settings in the individual montage.

The latest release of DAS shows the following in the notes: “Added DuplicateWindow hotkey to duplicate the window on focus. Currently can duplicate Montage, Time/Sale, Chart and Options windows.“ I wonder if this will allow us to create the new montage from the old one as discussed in this thread. The release notes also show this: “Bug fix - After clicking Load Default in Frame Window Configuration dialog, linking to Montage window doesn't work.” Perhaps one of these updates will allow us to create a copy of a montage (with the hot buttons included). I’m going to update today and see what happens.

In case anyone didn’t realize, DAS released an update to their software. Here are the release notes. DAS Trader Pro Release Notes The latest version is “2018-01-09: 5.2.0.14 Release Notes“ and appears to have some nice updates.

Jason, I'm actually not completely sure what's what when it comes to the fees. We have exchange, regulatory, clearing, transaction, ECN, SEC, and FINRA. I assume that the regulatory fees are SEC and FINRA (shown in the DAS Account Report). The IB site does show a table for exchange, clearing, and transaction fees. When you go to the link I posted above, then to Tiered, scroll down and you'll see them. Overall, I think the tiered plan is the least expensive. If you trade a LOT of shares, then a fixed rate per trade would be a better option, but IB doesn't offer that.

Fixed is $0.005 per share. Exchange and regulatory fees are included. Tiered is $0.0035 per share, but then it goes down once you’ve traded more than 300,000 shares in a month. The first 300,000 are at that rate, the rest are at the next lower rate, and so on. Their chart shows this. Also, you still pay the exchange, regulatory, and clearing fees. Here’s the link. You can click on tiered or fixed at the top. Commission Pricing at Interactive Brokers

Joe, from what I've gathered, many people say that DAS is simply faster at executions. People also like the charts. I know there were complaints about IB's Trader Workstation platform not having the proper VWAP indicator, but someone mentioned in the chat yesterday that it has been added/fixed. I can't speak to the execution speed as I've only used DAS as a simulator, so far. I do intend to try IB's platform, though. I'm ok with paying $150/month for DAS *if* it is better and faster. We will see what it's like once I'm up and running with IB. I know that IB has a simulator, too, so I'll be trying that. I'd definitely like to hear from others on this, as well.

Thanks for all of the input, guys! I'm still not sure what I'll do. Like Jason, I've considered many different approaches. There are some good ideas in here, though! Thank you!

Thanks, Mario! Would love to hear from others, too.

Yep, that's what I was afraid of. I wish there was a way to copy the hot buttons on the montage to carry over to another. Oh well. Thanks for the input and for spending some time working on it!

I'm having this same issue. I use the hot buttons on the montage (not hotkeys on the keyboard). I have my one montage that is set up the way I like. If I right click the border of the montage window, save as default, open a second montage, right click the new one, load default... the new montage is a copy of my original. The problem is that I can't unlink them. They won't work independently. I've tried entering a symbol in all of the windows to un-anchor, then I'll re-anchor. No luck. I have found that if I just open a new montage and I don't load the default from the original, it will anchor as it should. I would love to know how to create open multiple montages that contain the same hot buttons/settings as my original and have them work independently of each other, as they should. Sean, I'm searching. If one of us finds the solution, let's post back here.