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Abiel

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Posts posted by Abiel

  10. Posted

    This question was asked in the chatroom:

    Quote

    I wanted if the panic order in DAS closes all your account position (even positiosn taken directly through IB without using DAS)

    GJ Member (thank you!) reply was: 

    Quote

    Please note that DAS only loads Equity and Positions from IB one time each morning, so any trades made in IB’s platform won’t show up in DAS until the next day. We recommend that if you subscribe to DAS for IB, that you just use DAS if possible. 

     

  12. Posted

    This is how mine looks

      

    StopPrice=Price+0;DefShare=BP*0.97;Price=Price-Ask+0;SShare=40/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=LIMIT;Price=Ask;TIF=DAY+;SELL=Send;DefShare=0;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice+0.3 ACT:BUY STOPPRICE:StopPrice QTY:Pos TIF:DAY+;

     

    • Like 1

  13. Posted

    40 minutes ago, Gail Scott said:

    I know this is an old post but I am a newbie and still figuring it all out.  Are margin accounts also used to reach the $25,000 min balance for day trading?  I can open an account with $5,000 and have 20,000 margin to reach to min. giving me the opportunity to day trade without opening with $25,000?

    No. To avoid PDT the CASH in your account needs to be $25K.

    BUYING POWER is your cash x margin, like $25K x 4 = $100K.

    • Like 1

  17. Posted

    Hi Matt. Journaling your trades while in sim will help to build your habit to do it and to improve as you advance in your sim training, so when you start live your journaling skills will be developed and template will be tested, improved and ready.

    Before activating your DAS sim subscription make sure you:

    Watch all Classes and DAS Lessons in Education Center. read this forum post too. If you are a Lifetime Member watching Success Webinars and Psychology Webinars is advised. Ideally you should watch all the content in the Education Center and webinars.

    Take a look at this 12 week simulator program. You want to be familiar with everything in that program.

    Watch these DAS Trader Tutorials in youtube. Every week we add new videos.

    Prepare your trading plan and journal template. In the Downloads section of the website you will find a Trading Plan and Journal template https://bearbulltraders.com/lessons/trading-plan-template-2/

    Download the BBT TradeBook from the Downloads section of the website. Review it and adjust it as needed.   

    Use our Knowledge Base and Forums to search the questions you may have. If you search and don't find answers, ask here in the forums.

    When you are ready, download the DAS 14 days free trail and set it up as you prefer. After the 14 days you can activate your 3 months DAS subscription, keep using the same DAS installation you used for the trial. 

    Best. 

    • Like 1

  23. Posted

    The buy 100 + STOP and short 100 + STOP key basically buys 100 shares and places a stop market 10 cents below your entry automatically. Adjust as needed. These hotkeys cannot be used on stocks that are on SSR. Be mindful that a lot of stocks will move up and down 10 cents and you will be stopped out. 

    BUY 100 + STOP

    ROUTE=SMRTL; Share=100; Price=Ask+0.10;TIF=DAY+;BUY=Send;TriggerOrder=RT:STOP STOPTYPE:MARKET StopPrice:AvgCost-.10 ACT:SELL QTY:POS TIF:DAY+

    SHORT 100 + STOP

    ROUTE=SMRTL; Share=100; Price=Bid-0.10;TIF=DAY+;SELL=Send;TriggerOrder=RT:STOP STOPTYPE:MARKET StopPrice:AvgCost+.10 ACT:BUY QTY:POS TIF:DAY+

    • Like 1
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