Sebastian B

VXX -8% while SPY down on the day. this anomality is staying quite a while already. If volatility goes down which is a measure for fear and uncertainty markets should actually go up. Its often an early indicator.

I think next week everyone gonna look at the lows of today and ask themselves why they didnt buy. nothing has changed, the money printing is gonna continue and it goes the way of least resistance. so Im adding into close here, also added to my CCL and long NCLH. cruisers are very strong.

I activated the status bar but it only shows the time. I was searching for the window that shows the lag, but I just cant find it. There must be a window that you can open that tests how long the ping takes I think

I am in Germany and DAS was lagging sometimes. however, I dont think it was 3-6 secs for me,. can be about 1 sec. sometimes when I took partials, the triangle was printed in the chart somewhere quite a bit below the current candle in the chart. It made me worry a bit

swing trading longs: AAPL, ROKU and TSLA on these dips

beautiful clean case and awesome specs. just for trading? yes then it really is overkill i guess. but same here. I got a fully VR ready desktop PC here and with a really powerful GPU GeForce GTX1080Ti. I like gaming but now i usually I dont have time for it. So on my PC I was gaming just a couple few times within these years actually.

This is my daily overview. It is going to be fully auto generated using DAS order export and IB trade log export and to the penny exact. However, as soon as I'm done with that journaling tool, I really need to focus on strategies more today I managed not to give everything back again. Although the start of the trading day didnt look good. RKT long PTON short Summary · Was tired bc I only slept 4 hours at night, was thinking not to trade live but then decided to do it either way · Started trading with low confidence, then immediately had 2 fails · Got very careful, opened few positions and then closed them early · Then got a big winner with PTON short. Closed it first too but then reentered as it looked weak, good decision · Was around daily target (without commissions). · Allowed myself to do one more trade, took NIO closed early with minor loss. · Then sticked with my decision to not trade anymore but kept watching · Saw 2 more very good setups DKNG short and $NIO short but didn’t take it due to low confidence and didn’t want to lose it again as yesterday. · I am now +3R on the week, so this is still quite OK for first week live I think, weekly goal would be 10R

being above your daily profit target and then giving it all back to the market really feels even worse than just hitting the max daily loss and stop. I havent talked about risk and money management yet. will do more detailed some time soon. just for now little quick, it is risk per trade: $25 risk per day: $75 risk per week: $125 TSLA 1min ORB down ZM 5min ORB up the difference in quality between above and below pic is unbelievably isnt it? dont know if you notice it but on 4k screen its big here this is how i then gave it all back and the trigger was missing the NIO break HOD when breaking yesterdays high Summary Traded the open very well with clean setups Was with +4.5R significantly above 3R daily target Allowed myself to do one more trade and if it’s a loser then stop for the day so that I don’t lose the profit target Failed and said same thing again one more, took B-C setups Then took even 2 more C setups and lost all gains of the day Feeling very bad about giving back all gains while already way above target Decided to close DAS and BBT chat and leave trading desk and stop trading for the day break even I'm still busy with the journal template. As soon as its ready I will have more time to actually journal. This is just more or less copy&past from my word journal. I thought it might be a good idea to show a little how it is going and what I'm doing in terms of trading. Today was the 5th live (day-)trading day for me with DAS. video recaps how the others are doing it are quite nice, I may try that some time too.

well this TSLA short got stopped out. if you think TSLA is worth more than BMW, Daimler, Volkswagen, PSA, Renault, FIAT Chrysler, Ford, GM, Mazda, Mitsubishi, Nissan, Subaru and Suzuki altogether, then you can still hold or even buy the stock. btw, today alone, TSLA added the market cap of BMW... 🤪

so this is the current status of my work for this weekend. didnt get as far as I wanted and while working with it I developed some new ideas. the sheet in the picture below is 100% auto generated from DAS trades and order exports. The only thing that you need to make sure is that you always use Kyles Hot-button script to enter a trade. Otherwise the stop price cannot be parsed. When I trade the first 5minutes, I only use mental stops. However, to enter the trade and calculate share size I use the hot button. I just remove the stop afterwards. The only manual steps that have to be done are: enter strategy e.g. 5min-ORB (I just c&p it from anther sheet) measure the potential that the stock price moved before hitting stop. I did that for NTNX and MSFT, A means stop to b/e after 2R partial hit, B means stop to b/e after 1R partial hit With this data you can already make quite a decent analysis using excel on trade management, at least for the exit. If I have once a lot of time then I would like to download the 1min quotes via an API for the stocks traded so you are able to run it in kind of like a simulation and use different stop and exit strategies over a certain sample set. e.g. you could vary your stop and make a study about it. One of my first steps of improving is the stop setting and partialling of my trades

Its taff trading the US market when living in the US. at least with an office job and regular office hours as they match really bad with wall street open hours. I have lived in the US east coast area for 2 years and this was exactly the reason why I went back to germany. I can only talk for myself but for me, it always destracted me from my actual work, I often needed to watch my positions and sometimes you also have to monitor them closely. In the webinars about "average joe trading" He talks about his strategy to deal with this issue. I'm glad to read that you also do 20 trades a day if trading all day. This is also what I take through a day more or less and I'm asking myself if its overtrading

cool some more swing traders here. just exploring the forum a little. thanks for your insights, I have been swing trading for a couple of years too and Im new to day trading. what are your current holdings and whats your invest ratio? would be great to share some ideas once in a while. Now that I focus on day trading especially at the open, I feel like I'm getting destracted seeing at the market from a swing trader perspective and also missed some trades I actually prepared to enter, such as FSLR and WDC. my newest positons are: CCL (to me the cruiser with best chart, sector could benefit from rotation and the ABT news about quick corona test) ALK (same reasoning as above) ISRG (took the 70x breakout, it has beeen consolitdating sideways on high level for quite long and is due for a move higher if you compare to other strong stocks) WORK (could be a delayed mover, many digital plays are on incredible heights and WORK is still down, was strong before bad earnings) TSLA short. (very risky, my entry is around 2220, entered on thursay and thought I'm gonna get stopped out but friday candle looks weaker and showed relative weakness. I may double my positon if it makes a new low on daily on monday. if sellers step in it can also drop quickly as they lock in big gains) I also shorted MES and MNQ futures as hedge but already closed for a loss. market is too strong and looks higher. I always feel like buying the top up here for quite some time already but it still just moves higher will be following you journal here.

It really takes more time than expected to update the total trader and I'm really wondering who of you guys actually use it. For example another thing that isnt quite nice is that the trades arent sorted by the time when trade is entered. as long as you take only one trade at a time it doesnt matter but as soon as you are in multiple trades at a time, the journal gets kind of messy. So I wanted to have them sorted by entry time of the trade. I think that is already a small improvement at least so that it is better to read. next I want to modify the sheet so that one row always represents one trade and includes all partials , adds as well as the stop price. I want to only press this excel button and then it basically generates the "profitability R's" overview automatically and you only have to manually set the strategy e.g. 5min ORB and type in the potential that the price moved based on your stop out strategy. e.g. if you set to b/e after it hits 1R you have to check the chart what was the max price before it hit the stop. This could be automated as well if you have the 1min quotes of that particular stock but for now not worth spending the time yet.

For my trading journal at least for the analysis I think I'm gonna use a spread sheet. I started off with a simple one made by myself and soon wanted to have some kind of auto import. Then I found out about the total trader. One issue with the total trader parser is that it doesnt combine multiple transactions when its actually one order. This leads to incorrect comission cost calculated. below is an example of my 3rd live trading day. I was somewhat overtrading. You see right in the beginning, i bought 40 shares of MRNA but its 3 rows of entering the position. so what I did is I extended the macros so that it combines those transactions. whenever transactions have the same symbol and side and are executed within less than 2 seconds, the quantity is added up and the price is averaged and weighted by the size.

just a quick update here as it is quite some time ago already. I have watched almost all success webinars and took notes on them and reviewed my notes I also set up DAS pro and already had my first live trading days. to be honest, they didnt work quite well yet. I use $25 risk per trade I'm still working a lot on my trading plan, e.g. defining goals, describing milestones, rewards, strategies, risk management. currently I'm working on the journal template again. I am updating the total trader to be more convenient importing trades from DAS this is my roadmap. I alsways write the hours spent on a job in the sheet. It just motivates me. Its currently about 30 hours a week I put into learning daytrading. The time went by so quickly its unbelievably and here my webinar overview. I feel like the remaining ones dont help me a lot anymore so I'm focussing now on the planning phase as per Peters 5-phase plan. However, I'm finally also gonna do them too at least watch them.