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noob

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  1. I use both, and from my experience, some orders do not get filled, and has a huge slippage on the stop market orders. Especially volatile stocks with wide spreads like nvda. You have to do the math, for the vol of shares I trade on nvda, the avg cost for the week using IB is around $60, about 250/mth. TD, free. But I do notice that I have bigger slippage, sometimes up to .30-40 on entries, and stops compared to IB. However, the overall performance on stocks that has slower moves, and tighter spreads, such as $aapl, not much of a difference. it is a toss up for now, but as you move into bigger shares, and volume, then you have to calculate if the slippage loss on a given stock is worth the commission free trades. For now, yes for me on nvda, since most of the time, I am looking for min. of 2-4 dollar move, and the .15-25 slippage in entries, are. usually 5-7.5 loss, but make up for it in the trade. Limit orders are decent, but market orders execution on TD is terrible. But as i said, I have never been able to accurately tell how much slippage, but some of the stop/market orders have slipped by .20-35 cents. If you have 100-200 shares, that's 35-70 dollars. Yes, I have seen such loss on a stop that is suppose to @b/e. However, Ib has some slippage on market orders, and stop/market. But it is usually .5-10 cents. Nominal. What I am thinking of doing is placing a bracket order .25-40 cents in front of my b/e limit order. The only danger about using a limit order, if it doesn't get filled, you can face a big loss. Stop market, you will get filled, but not at the price you have it placed, due to the slippage. so, yeah, one of those things that we deal with. I can't help but to think the mm and the brokers benefits from this somehow, but there is no way to prove it. I think they use micro pennies to make profits, but probably make a killing taking in the diff between a spread, and the slippage, if they can slip it in there. Happy trading Everyone.
  2. yes, I still have it. I am trying TD for the first time this year in feb.
  3. I have had issues with kyle's hot key script with DAS on TD. The mouse click doesn't always configure the correct price in the montage. This can be resolved by looking at the price in the limit to see it matches the double click of the mouse of the chart. But during the middle of my trades, I might not be focused on the mechanics of the trade itself, and just the price action. This has cost me quite a bit of money. On IB with DAs, this was rarely an issue. So,, what i have done is moved away from using kyle's hot key, and created few hot buttons that buys fixed sizes with a fixed risk stop. No more mouse click on the chart, but just on the montage hot buttons. I have tested those out today, and it is working as they should. But for the low to almost zero cost to trade on TD, we'll see if it is worth it. But IB def has faster feel, and less issues. But once I have things setup with DAs, and not have the cost of brokerage fees, it should all work out. But if money is no issue(ie brokerage fee), then I would use IB without a second thought. I was avg $50 from IB fees. About 1k per month, just fyi. I am not a big trader, so 1k is quite big for my bottom line. If Bookmap had better risk control, I would go with them, but they don't.
  4. No I have direct routing, but straight limit. No ARCAL or INENTL.
  5. I have spoken to DAs, and they have stated they auto stop for TD. I had it tested today, and it stopped me out today. So I can verify that this feature with DAS and TD Ameritrade works.
  6. Ver 1.4 ## this adjust the correct number of shares, but leaves the b/e at the entry stop price, versus to b/e. Sell 1/4 CXL ALLSYMB;ROUTE=MARKET; ROUTE=LIMIT;Share=Pos*.25;Price=Bid-.01;TIF=DAY+;SELL=Send; TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.1 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY+; Sell 1/2 CXL ALLSYMB;ROUTE=MARKET; ROUTE=LIMIT;Share=Pos*.5;Price=Bid-.01;TIF=DAY+;SELL=Send; TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.1 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY+; Buy 1/4 CXL ALLSYMB;ROUTE=MARKET; ROUTE=LIMIT;Share=Pos*.25;Price=Bid-.01;TIF=DAY+;Buy=Send; TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.1 ACT:BUY STOPPRICE:StopPrice QTY:Pos TIF:DAY+; Buy 1/4 CXL ALLSYMB;ROUTE=MARKET; ROUTE=LIMIT;Share=Pos*.5;Price=Bid-.01;TIF=DAY+;Buy=Send; TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.1 ACT:BUY STOPPRICE:StopPrice QTY:Pos TIF:DAY+; ============================ Ver 1.5 ## this adjust the correct number of shares, places the stop @ b/e. Sell 1/4 CXL ALLSYMB;ROUTE=MARKET; ROUTE=LIMIT;Share=Pos*.25;Price=Bid-.01;TIF=DAY+;SELL=Send; TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.1 ACT:SELL STOPPRICE:AvgCost QTY:Pos TIF:DAY+; Sell 1/2 CXL ALLSYMB;ROUTE=MARKET; ROUTE=LIMIT;Share=Pos*.5;Price=Bid-.01;TIF=DAY+;SELL=Send; TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.1 ACT:SELL STOPPRICE:AvgCost QTY:Pos TIF:DAY+; Buy 1/4 CXL ALLSYMB;ROUTE=MARKET; ROUTE=LIMIT;Share=Pos*.25;Price=Bid-.01;TIF=DAY+;BUY=Send; TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.1 ACT:BUY STOPPRICE:AvgCost QTY:Pos TIF:DAY+; Buy 1/4 CXL ALLSYMB;ROUTE=MARKET; ROUTE=LIMIT;Share=Pos*.5;Price=Bid-.01;TIF=DAY+;BUY=Send; TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.1 ACT:BUY STOPPRICE:AvgCost QTY:Pos TIF:DAY+;
  7. das now supports auto stop with tD per their customer service.
  8. update 2/2/2023. Few things did not work as intended. The partial and the stop would not go to b/e, and the amount differed. I had to adjust some of the arguments from "Shares" to "Pos" to correct the Quantity remained after the partial. I also had to change the stop price variable to "AvgCost." The two versions below, one places the stop at the original stop price, and leaves it there, with the adjust number of shares after the partial. Second one does the same, but moves the stop to b/e. I also modified the limit bid and ask amount from +/- 1 to +/- 3 to get the orders filled. It was missing the fills at times, unlike IB. But for free trades, it is worth the cost for now. I am small day trader, and don't require huge orders to be filled, so TD should be fine. but lost $50 on slippage on $TSLA today, due to an order not closing. Tweaking it a big. Ver 1.4 ## this adjust the correct number of shares, but leaves the b/e at the entry stop price, versus to b/e. Sell 1/4 CXL ALLSYMB;ROUTE=MARKET; ROUTE=LIMIT;Share=Pos*.25;Price=Bid-.01;TIF=DAY+;SELL=Send; TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.1 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY+; Sell 1/2 CXL ALLSYMB;ROUTE=MARKET; ROUTE=LIMIT;Share=Pos*.5;Price=Bid-.01;TIF=DAY+;SELL=Send; TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.1 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY+; Buy 1/4 CXL ALLSYMB;ROUTE=MARKET; ROUTE=LIMIT;Share=Pos*.25;Price=Bid-.01;TIF=DAY+;Buy=Send; TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.1 ACT:BUY STOPPRICE:StopPrice QTY:Pos TIF:DAY+; Buy 1/4 CXL ALLSYMB;ROUTE=MARKET; ROUTE=LIMIT;Share=Pos*.5;Price=Bid-.01;TIF=DAY+;Buy=Send; TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.1 ACT:BUY STOPPRICE:StopPrice QTY:Pos TIF:DAY+; ============================ Ver 1.5 ## this adjust the correct number of shares, places the stop @ b/e. Sell 1/4 CXL ALLSYMB;ROUTE=MARKET; ROUTE=LIMIT;Share=Pos*.25;Price=Bid-.01;TIF=DAY+;SELL=Send; TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.1 ACT:SELL STOPPRICE:AvgCost QTY:Pos TIF:DAY+; Sell 1/2 CXL ALLSYMB;ROUTE=MARKET; ROUTE=LIMIT;Share=Pos*.5;Price=Bid-.01;TIF=DAY+;SELL=Send; TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.1 ACT:SELL STOPPRICE:AvgCost QTY:Pos TIF:DAY+; Buy 1/4 CXL ALLSYMB;ROUTE=MARKET; ROUTE=LIMIT;Share=Pos*.25;Price=Bid-.01;TIF=DAY+;BUY=Send; TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.1 ACT:BUY STOPPRICE:AvgCost QTY:Pos TIF:DAY+; Buy 1/4 CXL ALLSYMB;ROUTE=MARKET; ROUTE=LIMIT;Share=Pos*.5;Price=Bid-.01;TIF=DAY+;BUY=Send; TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.1 ACT:BUY STOPPRICE:AvgCost QTY:Pos TIF:DAY+; ========== Hi, I have been tweaking my hot keys after making a move from IBKR to TD AM. As Trinity said, you have to modify the script to either limit or market. For IB, it was SMARTL or SMARTM. With TD, it does not allow partial if you have a stop b/e. I modified my scripts, so now, it will remove the stop, take partial, and then replace the stop @ b/e. Here is my working script, enjoy. =================Partial 25%=================== Clear order, sell 1/4, then stop b/e CXL ALLSYMB;ROUTE=MARKET; ROUTE=LIMIT;Share=Pos*.25;Price=Bid-.01;TIF=DAY+;SELL=Send; TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.1 ACT:SELL STOPPRICE:StopPrice QTY:Share TIF:DAY+; Clear order, buy 1/4, then stop b/e CXL ALLSYMB;ROUTE=MARKET; ROUTE=LIMIT;Share=Pos*.25;Price=Ask+.01;TIF=DAY+;BUY=Send; TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice+0.1 ACT:BUY STOPPRICE:StopPrice QTY:Share TIF:DAY+; =================Partial 50%=================== Clear order, sell 1/2, then stop b/e CXL ALLSYMB;ROUTE=MARKET; ROUTE=LIMIT;Share=Pos*.5;Price=Bid-.01;TIF=DAY+;SELL=Send; TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.1 ACT:SELL STOPPRICE:StopPrice QTY:Share TIF:DAY+; Clear order, buy 1/2, then stop b/e CXL ALLSYMB;ROUTE=MARKET; ROUTE=LIMIT;Share=Pos*.5;Price=Ask+.01;TIF=DAY+;BUY=Send; TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice+0.1 ACT:BUY STOPPRICE:StopPrice QTY:Share TIF:DAY+; ========== Buy $40 StopPrice=Price-0.01;DefShare=BP*0.97;Price=Ask-Price+0.01;SShare=40/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=Limit;Price= Ask+0.02;TIF=DAY+;BUY=Send;DefShare=400;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.1 ACT:SELL STOPPRICE:StopPrice QTY:Share TIF:DAY+; Sell $40 StopPrice=Price+0.01;DefShare=BP*0.97;Price=Price-Bid+0.01;SShare=40/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=Limit;Price=Bid-0.02;TIF=DAY+;SELL=Send;DefShare=400;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice+0.1 ACT:BUY STOPPRICE:StopPrice QTY:Share TIF:DAY+;
  9. Today's trade, Revenge trade, bad risk control, or lack of, and directional bias. With the sell off and gap down pre-mkt, had the bias of long to fill the gap. It did the opposite, and got trapped. First entry, smart enough to close it out. But the subsequent trades, not so good.
  10. Had $AMD read right on the weekly and daily chart. However, too early of an entry. Put risk out, and I held over night. Managed to get +10R, but dangerous. The price dip to $94, and Today, it went down even further pre-mkt dip to 90 to $88. Risk control and entries are an issue. http://s.chartlog.com/J8cDM
  11. Good patience ORB, took short once it lost the PML. Partial 50% for 1/2 R and stop b/e. Price continued to drop. Covered near 50 ma on 30 min candle, $93-93.5
  12. Just a donkey trades. didn't adhere to my risk control, my strat,. Good thing happening today, didn't take revenge trade and realized I'm not on my best game, and live to trade another day. No Revenge trading. Good self discipline. Almost removed the risk control and wanted to trade more, but nope. This shows real growth, and proud of that.
  13. Today started little rough, going back and forth with Twtr, managed my risk really well, and trade management was superb. My entries were not the best, but kept grinding away on $TWTR, until I saw a nice opp near 10:33, on book map. L2 shows bids stacking below $50.5, major liquidation level today. Ladder formed to $50.25. Placed two R shorts with tight stops and a limit order cover $50.25, made 6.5R in 2 minutes, and total of $1531. Nice day of trading. Let's go.
  14. Today was good start to another week in April. Went to the. gym, got home 10. Saw the market was choppy, saw a nice opp setting up on $AMD, too it long, and got over 1R. One and done.
  15. I realized I was off due to lack of sleep and tired. Reminded myself to be careful with risk control. Reduced the init short by ¼ R. excellent way to reduce exposure and risk. Never had any moments of big loss. Stops were in check, and max loss. Managed to get right on 2nd short, and continued with the partials and add on. Really solid. Even more, after the big volume spike and 2 dollar pop near 12:06, which took 1R unrealized to finish my day 1/2R, I stopped trading. Realized I was not on, and was mindful that I was on tilt. No Revenge trade today. Live to trade another day.
  16. I realized I was off due to lack of sleep and tired. Reminded myself to be careful with risk control. Reduced the init short by ¼ R. excellent way to reduce exposure and risk. Never had any moments of big loss. Stops were in check, and max loss. Managed to get right on 2nd short, and continued with the partials and add on. Really solid. Even more, after the big volume spike and 2 dollar pop near 12:06, which took 1R unrealized to finish my day 1/2R, I stopped trading. Realized I was not on, and was mindful that I was on tilt. No Revenge trade today. Live to trade another day.
  17. Today was a wild day with the $nflx dropping 20% premarket. Decided to play the contrarian to the sell off, and it paid off. had to wait for some vol/price confirmation on the L2. We saw the support come in near the $220 level, and decided to scalp 3 long and 2 short plays, all green. Yay. The only thing I didn't like the additional add on and the risk. But once in the trade, risk management was about B. After the first partial, did place a stop b/e, and that was great. But did remove the stop mid way, after being up 2 R, and toward the last trade, could had a red day, but the price moved in my favor. Just not to the vwap or the $230 level, but will take it.
  18. Busy at work, didn't trade till the afternoon. lost small on $AMD for 1/4R. Took long on $plug, s/o for 1R. Down about $250 for the day, close to my max loss. Took a long again on $plug, it moved in favor, add on, partials and close near the $28.3, major resistance. See the pre-mkt high. managed to move to 2R for the day. Happy about the risk management. Thus far pretty good.
  19. Played $twitter beautifully today Just killed it. got the s2 bounce, and played it all the way to previous day high. link to the trade below. 5R, and some partials remain.
  20. my Monday trade. My Tuesday trade. Both days green, but issues with maintaining risk control. This is not good.
  21. Today had one of the bigger gains, but broke the rule in few places, could have been disastrous, but the price action worked in my favor. smh. Still have so much to work on, and risk control today was D-. Need to get this to B+ or better. Managed to get 7.5R, but could have been bad. Had a R, then 2.5R then gambled and could have lost 5R net. smh. scary moment. Then just got super aggressive, which worked out on the last trade, but these are the things that can tank your bottom line, essentially the big losses. Need to focus on keeping the losses small. Risk control.
  22. Broke some rules, and not happy about it. Need to focus on better risk management. Managed to get 4R, but still not happy about it. https://twitter.com/daytradenoob1/status/1512142952193310725?s=20&t=QgvQdZkI28R2Nycv7aqQnQ https://twitter.com/daytradenoob1/status/1512142952193310725?s=20&t=QgvQdZkI28R2Nycv7aqQnQ
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