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Justin T

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Posts posted by Justin T


  1. 12 hours ago, Justin said:

    Hey Justin,

    Yeah, it's an issue with DAS and having a Stop order open at the same time. You need to cancel the stop order and replace it. Luckily we can do that all in one hotkey:

    CXL ALLSYMB;Route=LIMIT;Share=Pos*0.25;Price=Bid-0.03;TIF=DAY+;SELL=Send;ROUTE=STOP;StopType=Market;StopPrice=StopPrice;Share=Pos-share;TIF=DAY+;SELL=SEND

    That will cancel the stop order, sell 25% of your shares, and replace the stop order in the same position with the new share count.

    If you want to move your stop to breakeven you would use:

    CXL ALLSYMB;Route=LIMIT;Share=Pos*0.25;Price=Bid-0.05;TIF=DAY+;SELL=Send;ROUTE=STOP;StopType=Market;StopPrice=AvgCost;Share=Pos-share;TIF=DAY+;SELL=SEND

    Having a crack at the reciprocal hotkey to cover 25%. Is it:

    CXL ALLSYMB;Route=LIMIT;Share=Pos*0.25;Price=Ask+0.03;TIF=DAY+;BUY=Send;ROUTE=STOP;StopType=Market;StopPrice=StopPrice;Share=Pos-share;TIF=DAY+;BUY=SEND


  2. 12 hours ago, Justin said:

    Hey Justin,

    Yeah, it's an issue with DAS and having a Stop order open at the same time. You need to cancel the stop order and replace it. Luckily we can do that all in one hotkey:

    CXL ALLSYMB;Route=LIMIT;Share=Pos*0.25;Price=Bid-0.03;TIF=DAY+;SELL=Send;ROUTE=STOP;StopType=Market;StopPrice=StopPrice;Share=Pos-share;TIF=DAY+;SELL=SEND

    That will cancel the stop order, sell 25% of your shares, and replace the stop order in the same position with the new share count.

    If you want to move your stop to breakeven you would use:

    CXL ALLSYMB;Route=LIMIT;Share=Pos*0.25;Price=Bid-0.05;TIF=DAY+;SELL=Send;ROUTE=STOP;StopType=Market;StopPrice=AvgCost;Share=Pos-share;TIF=DAY+;SELL=SEND

    Amazing! Thanks.

    • Like 1

  3. 8 hours ago, Justin said:

    @Seydou Dia Yeah, you've answered your question 🙂 That's a huge spread. With slippage the chances of being in the red instantly are quite high. Highly advise looking at stocks with a much smaller spread (like 0.05)

    @Justin T Hey, I'm a bit confused. You mentioned you were trying to short a stock on SSR, but then posted your Buy hotkey. I'm probably just confused, but if you could clarify that would be great!

    If you're trying to Short a stock on SSR you need to make sure you are buying 1 penny above the bid.

    StopPrice=Price+0.01;DefShare=BP*0.97;Price=Price-Bid+0.01;SShare=20/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=SMRTL;Price=Bid+0.01;TIF=DAY+;SELL=Send;DefShare=400;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice+0 ACT:BUY STOPPRICE:StopPrice QTY:Pos TIF:DAY+;

     

    Hi Justin,

    Apologies should have been more clear. To clarify, after I have taken a long position on an SSR stock with a Stop market order in place, I am unable to sell (order is rejected by DAS) unless I remove the stop order. Not sure if this is an anomaly or if my script is written incorrectly.

    Justin

    • Like 1

  4. Hi All,

    During last nights session I ran into the issue of my Sell order being rejected by DAS for stocks under SSR. I am using Kyle's dynamic hotkeys to fix risk and set a Stop order. Scripts below:

    Buy:

    StopPrice=Price-0;DefShare=BP*0.925;Price=Ask-Price+0.00;SShare=60/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=SMRTL;Price= Ask+0.05;TIF=DAY+;BUY=Send;DefShare=200;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.05 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY+

    Sell: 

    ROUTE=LIMIT;Price=Bid-0.03 ;Share=Pos*0.25;TIF=DAY+;SELL=Send

    I found that if I cancelled the stop order then the Sell Hotkey would work. Has anyone else experience this issue?

    Cheers,

    Justin


  5. 12 minutes ago, Brendon said:

    Hi Justin, I would never use a % amount, I would use the $ amount you're comfortable with losing in that trade without wincing too much/increase heart bpm when you get stopped out lol. Also use a $ amount that wont blow up your account either and you can absorb several losing trades without affecting your typical position size buying power ability. 

    Hi Brendon,

    This isn't for my initial stop, this is for implementing a stop after I have partialled out and are letting a position ride throughout the day. I'm based in Australia can can typically only trade the first 1-2 hours and have subsequently have missed some large moves that have occurred later towards close.

    I ask because I definitely exited trades too early the last couple of days!


  6. Hi Gopi,

    What are you using to place the orders? Are you using a HotKey? If so what is the script?

    My network delay fluctuates between 200 - 350ms which I have found to be fine so far. I'm also using a SIM account.

    Justin


  7. Hi,

    I'm currently trading on DAS SIM and predominantly use Kyle's dynamic hot key scripts to execute trades, however yesterday I was having trouble selling my position on MRNA and was getting an error message every time. This wasn't happening with other stocks so I'm wondering if I'm missing something or have not configured it correctly.

    My sell scripts:

    Sell 25%:

    ROUTE=SMRTL;Price=Bid-0.05 ;Share=Pos*0.25;TIF=DAY+;SELL=Send 

    Sell 100%

    ROUTE=SMRTL;Price=Bid-0.05;Share=Pos;TIF=DAY+;SELL=Send

    Thanks in advance!

     


  8. Hi BBT,

    My name is Justin and I'm a self-employed Management Consultant based in Melbourne, Australia and am just getting started on my day trading journey. Keen to connect with any fellow Aussies (and the wider community) on BBT to learn more about their experiences day trading from Oz. 

    Have been a part of the community for a day and am excited about the opportunities ahead!

    Cheers,

    Justin

     


  9. Hi BBT,

    My name is Justin and I'm a self-employed Management Consultant based in Melbourne, Australia and am just getting started on my day trading journey. Keen to connect with any fellow Aussies (and the wider community) on BBT to learn more about their experiences day trading from Oz. 

    Have been a part of the community for a day and am excited about the opportunities ahead!

    Cheers,

    Justin

    • Like 2
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