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Abiel

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Posts posted by Abiel

  7. Posted

    For new BBT members, just a quick advice when activating their DAS subscription for the first time. You can take advantage of the 14-days of free simulator and use this option to configure DAS, test hotkeys and get used to the software. You can sign up for 14 Days Trial Demo HERE (top of page, first time user only) and take that time to setup your simulator. During this trial, market data is real-time ONLY for Nasdaq Exchange traded stocks but delayed for all other Exchanges.

    This install is the same BBT simulator uses so when you activate it your username will provide real time data feed for both NASDAQ and NYSE and it will keep the same layout you define during the trial. 

    For Lifetime members, we provide support in helping you get setup with the DAS Trader Pro platform. If you need assistance, please schedule support time with our in-house DAS technical support tech Jonathan, simply find an available time slot and fill out the form in your Dashboard.

    To activate your 3-months sim subscription just email to [email protected] with the activation date.

     

    • Like 1

  8. Posted

    When a stock is in SSR it means the stock is in “Short Selling Restriction” (SSR) mode.  SSR is triggered when a stock is down 10% or more from the previous day's close. In this case, regulators and the exchanges restrict short selling of the stock when its price is dropping. You can only sell short on the ask, you cannot sell short directly to the buyers (on the bid). It means that the priority for selling is for the sellers who currently hold positions (own the stock), not for the short sellers who are wanting to profit from the downward movement. If you want to sell short, you have to queue up on the ask side and wait for buyers to come to you. Real sellers, on the other hand, can accept bids from buyers and get rid of their positions. The SSR is designed to give the real sellers, who own the stock, a priority to sell over the short sellers on the market. 


    So, when a stock is in SSR mode, you need to send your orders to sell on the ask, and then wait for an uptick so your orders get filled. One way to do it is using these buttons in the montage so you can send a limit order to a price range and wait to get filled when the stock is in an uptick.

    It would be great to hear advice and tricks from BBT members on how to go short on SSR stocks....

    • Like 2

  14. Posted

    Hi Konstantinos. PDT rules apply to every broker based in the US, so if you are using an US-based broker, does not matter where are you based, you are subject to PDT. If you are using IB Canada, PDT rule does not apply, because IB Canada is a canadian company and PDT is a regulation of an US authority (FINRA) for US brokerage companies. 

    IB US account minimum are here. 

    • Like 1

  18. Posted

    2 hours ago, Carlos Perez said:

    Hi everyone, I am Carlos Perez. I am from Colombia, 37 years old. I am a petroleum engineer working full time in Oman (middle East). I just joined to the community 2 weeks ago after reading Andrew's book. this is a great community and I am learning many things in day trading techniques. Due to the time zone the trading sttarts at 18:30 hrs which is  great because as I mentioned I work full time in the oil and gas industry.

    This is a really great community and thanks for sharing thougths/trades in the chat and classroom.

     

    Bienvenido Carlos! / Welcome Carlos! We have a space in BBT for spanish speaking people here!

  20. Posted

    I am testing this feature of DAS, trading from montage L2. If you right click in L2 > Config Level 2 the config window will open. In the column config, move ORDER to the right and it will show a buy button in every price level in the bid, and a sell button on every price level in the ask.  You will be able to send limit orders typing # of shares and clicking the price level of your choice in the bid or the ask. 

    This is particularly useful in SSR stocks, rising devils or just to take profits in a patient way in congested price levels. An as these will be limit orders, you will be adding liquidity.

    image.thumb.png.c8a99faa03438772b193e19e06b2df8d.png

    • Like 3
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