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Abiel

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Everything posted by Abiel

  1. In this video AdventureDogLA shows us how to set up Risk Controls in DAS Trader Pro. Risk Controls enforce limitations such as maximum daily loss, maximum shares traded per day, etc. Risk Control Page is a safety net to keep in control our loses, either to have an external control over our behavior as traders or due to a contingency such as failures in the internet connection, electric power outages, broker failures, etc. You can find "Open Risk Control Page" in DAS Trader Pro Account window, just right-click in any row of that window and Risk Control Page will open as a popup browser window to let you update your risk control settings. Some considerations: 1. This configuration works with real accounts and simulator 2. You can deactivate settings "Risk Control Page" anytime by leaving all in blanks and clicking SUBMIT 3. When you are using DAS linked to IB, or simulator, the Risk Control settings are handled by DAS. DAS staff updates your settings manually (the form is emailed to them) anywhere from 2 to 30 minutes during business hours. 4. In LOSS fields, enter a positive number. 5. “No new order” avoids orders for the current day 6. “Pos Loss” = Position loss. 7. “Enable Auto Stop” will automatically close your positions when you hit the Max Loss / Total Loss. 8. “Max Share - Max auto stop execution share per day” = How many shares can be sold / bought by the Auto Stop mechanism. 9. “Max Auto Stop Order Size” = Maximum size per order made by the Auto Stop mechanism. 10.“Delay for next order if exceed max order size (sec)” = Time between orders if the Auto Stop needs to place multiple orders to close your positions. 11. “Stop Gain Account Net Realized PL Thresh“, “Drawdown Percent of Max Net PL“ , “Pos Stop Gain Thresh “ and “Drawdown” - Like Auto Stop but for gains. The threshold is the profit the Stop Gain is looking to hit, the Drawdown is how much it can drop from that target before your positions are closed. Example, you set a threshold of 2000 and drawdown of 20(%). When you make 2000 in P/L, the Stop Gain will trigger, and will close your positions if you drop 20% ($400) from that value, closing you out at $1600 Net P/L.
  2. Hi Tommy, Risk Controls are not available for BBT sim accounts, we are working with DAS to enable it.
  3. Trading stuff 

     

  4. "Once you realize the markets don’t care about you it can be liberating because you stop taking the things they do personally." -The Stock Market Doesn’t Care About You

  5. Abiel

    Introduce Yourself!

    Makes sense Peter, try to join chatroom too and Lifetime webinars! This is the next
  6. Abiel

    Introduce Yourself!

    Welcome to BBT Peter! The program here is 5 classes, 1 hour max each, you can attend live classes or watch them recorded, so maybe you can get the time to watch them instead of waiting 3 months. Also, make sure to watch all the materials in Education Center
  7. “In the future, instead of striving to be right at a high cost, it will be more appropriate to be flexible and plural at a lower cost. If you cannot accurately predict the future then you must flexibly be prepared to deal with various possible futures.” - Edward De Bono.

  8. Abiel

    Retroactive Account report

    Das Trader Pro only gives you info for the current day. https://www.tradervue.com/ can import your past tardes if you give it access to your account.
  9. Article about three studies that highlight the benefits of accepting emotions and thoughts, rather than judging them, on psychological health. When a stressful situation causes negative emotions, accepting feelings of frustration or upset — rather than trying to pretend you’re not upset, or beating yourself up for feeling this way — reduces guilt and negative self-image. Over time, this will in turn lead to increased psychological health. Feeling okay about feeling bad is good for your mental health
  10. Abiel

    Hello Bear Bull Traders

    Hi Henrique, welcome to our community. Please post this question in our Day Trading Basics Forum https://forums.bearbulltraders.com/forum/9-day-trading-basics/ Read this post: For the most common questions about using DAS Trader pro you can read this post:
  11. For any website/forum technical issues, please email team@bearbulltraders.com
  12. This Friday 12pm EST, Andrew will be live with Desire to Trade for some tactical day trading advice! Set your reminder here: https://youtu.be/S1i8wlQVNYY
  13. The interview is now available...
  14. These hotkeys are risk based ($$ or account %). If your account size significantly changes and you want to risk more, or less, yes, you can change (edit) the risk criteria in your hotkeys. I hope this answers your question.
  15. New broker: CenterPoint Securities CenterPoint Securities is a low-cost but powerful trading broker for U.S. and international active traders. You need to deposit at least $30,000 USD to open an account with them. In terms of commission, they are offering BBT members an extremely competitive rate of 0.0035 (35% of a 1 cent) per share (0.95/order minimum). This is an astoundingly low fee, compared to the typical $4.95 per trade charged by many other brokers. A final plus is that CenterPoint Securities uses DAS Pro as their trading platform and it will offer it to Bear Bull Traders for the first month free. After the first month the platform fee will be waived if you trade a minimum of 100K shares/month ($350 in commissions generated) For Bear Bull Traders members opening a new trading account or moving their funds from other brokers to CenterPoint Securities they offer a $300 free trade signing up bonus! Last day to take advantage of the Centerpoint $300 free trade signing up bonus will be 12/31/2018. All other features of the offer will remain intact except for the $300 credit. In order to receive the discount on your commission structure, please mention that you’re a member of Bear Bull Traders in your CenterPoint Securities application.
  16. "I see too many traders risking way too much on any one trade, thinking it's the only way to grow their (small) account. But by risking too much, they make it mathematically impossible to grow their account". @LoneStockTrader
     

  17. Abiel

    New broker: CenterPoint Securities

    What is your source for the PDT rule is only for USA citizens? I asked IB USA, I´m in México and they told me PDT apply. PDT apply as long the broker is based in USA. With Brokers like CMEG based outside USA PDT does not apply.
  18. Abiel

    New broker: CenterPoint Securities

    The last day to take advantage of the Centerpoint $300 free trade signing up bonus will be 12/31/2018. All other features of the offer will remain intact except for the $300 credit.
  19. Yes double click is to set your stop loss: above current price for short below for long.
  20. Abiel

    How to go Live Psychologically?

    Trading small is a must. We all know that the max you can risk in a trade is 1 or 2% of your account. But you don't have to risk 1%, even 0.5% right at the start of your live trading. For me it's better to risk a low amount of $ per trade, whatever you feel comfortable with ($10, 20, 30 USD, etc.). These hotkeys help you to calculate the # of shares based on risk on $ or %: DAS - Dynamically Calculate Shares on %Risk or $Risk - Hot Key + Configuration, Updated 10/30, v1.2 Choose your stocks: stocks with huge movements can be scary for new traders. Avoid huge ATR stocks like Tesla, BABA, SQ. In your early stages as new trader you need to learn and survive, stocks with decent ATR won't get you a lot of money but will help you to develop your trading muscle. Taking big loses at early stages of the trader career can be undermining for learning and mindset, so going small on not too wild stocks is the way to go for new traders. You don't climb everest as your first mountain, it takes a lot of training and preparation.
  21. Class 5 Risk Management is now in Education Center!
  22. Thank you @thomashzhu!
  23. You are not elegible for this trip! LOL! We´ll let you know in this post, we´re working on that.
  24. Anybody using Genovation Controlpad CP24 Keypad? Genovation ControlPad CP24 is a 24 fully programmable mechanical keys with relegendable keycaps, please share your experience using it or provide advise if it will work with DAS Trader Pro... Genovation ControlPad CP24 USER GUIDE
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