RealEstateDayTrader

Howdy friends Can someone tell me if the ATR average true range should be marked to the daily range price during active trading or pre market high low? BABA ATR (14) is roughly $4.5 For example today BABA hit a pre market low of 97.8 And then went down to $96.98 at the open. Then raged to HOD of $104 (still going as of this writing). Let’s forget for a minute that China opening is causing a yesr in china stocks. just trying to judge where I should mark my stop and then potential profit taking levels. I got out at 99.90 from 97 entry. But obviously I could have trailed longer. Thanks and Happy new year! MRod

Howdy @cjames05, @DollarBill @Austin D Let's do a zoom, yall want to do a first Google Meet (I've got an account so no timelimit). DollarBill I think is saying is out until Jan 5th. How's Jan 6th Fri evening? Or Sat Jan 7th AM? Hit me up via email at [email protected] as you get this and I'll start a group email if ok? I am not always in forum. Thanks Michael (Thornton, CO)

Howdy @FLkeystrader did you get any direct msgs on your questions?

Thanks for sharing your knowledge!!

Howdy @Bailey Nevener We texted earlier this year about your extreme risk control measures, which I did not adhere to when we spoke, but do now (my daughter holds the passwords to IBKR and DasTrader risk control email changes, and DT app). And it's working excellently. First off, how are you doing man? Please do tell I really want to know. Secondly, what do you know, I am trying to reduce my IBKR commissions, search BBT forum and what do you know. A convo of you explaining to me adding liquidity pops up. I obviously didn't understand your explanation (all me) earlier this year. Well after examining the IBKR commission report I know understand Marketable vs Non-Marketable means.. And with your response above I understand that I probably need to direct my trades to specific ROUTES and change my hot keys " "Sell on Ask" / "Cover on Bid" I'll be searching on BBT more on how to do the "Sell on Ask" / "Cover on Bid" changes effectively. Thanks again man! MRod

Thanks for the response @Angela Kuzeva Follow up question. On this 2 minute chart do I change the value in the study to ? I'm probably missing something - thanks for your mentorship.

Howdy fellow BBT Family, I am not sure of the tech term for this but I want to see if there is a metric for each stock's trading range (again not sure what to call this). Not the ATR for the day, month or year but minute to minute. I'd like to get this to know how much I should move out my stop typically on a trade. For example, NVDA or TSLA will move it seems up and down $1 min by minute. Thanks for help MRod

Thanks @Miah I'll give this a try!

@TonyKozina Yes.

@Day-Meister Howdy Day Meister, Just sim-trading with your code for placing multiple range orders L and S. Love the idea. After using the code for a bit, running an order and closing them on the range, I am seeing sort of ghost displays of range order on the chart as I move up say the stop to close out the position. I assume this is because DAS is getting loaded with all of these trigger orders or something. Not affecting the trade, just an observation. What's your experience been using this over the last few months? Is it your goto or no longer using?

Makes sense peterB, Thanks friend.

Howdy friends, Question: I apologize ahead of time if this question is covered somewhere else... So what's the point when we can say yes that is the point in which I shall calculate the ATR swing of this stock today? For example as of this writing MSFT is at 9.72 ATR on Finviz. In the chart below the light blue is AH day the day before AND the gray area is premarket for the day. The Pre market bottom is 308 and high of day is 315. So that's clearly in the ATR range. A great trade would have been me getting in at 309 right? But this is of course after we have already seen the high of day in this chart. In pre market at 309 I don't know if it is going lower. So I can use the Cam Pivots, right? for 1 more indication (don't have CAMs in Tradingview so not in shot below) if I am at bottom and this is a good entry for a long. Is this the best way to use ATR? Thanks for feedback Michael

Hi friends, At times I see this ACB route and as it has the biggest lots of shares I wonder if it is just a false bid to influence traders directional bias. I can't find any info online search for ACB. Thoughts? Thanks BBTFam

Nice. Thanks man

Howdy friends and thank you for looking at my question. I am on IB now and find they have the most Routes I have ever seen available in Das. I understand they are the different exchanges that trades are routed through, however I have heard better traders than myself mention that they prefer to send their trades to specific routes. Thoughts? Thanks friends. MRod I

Howdy, Every so often when I am not actively trading Das Trader produces a beep sound randomly, at least to me. Anyone know what this from? Thanks!

@RawTradez1 Actually, I should answer your question. TD Ameritrade and Das work together very well, it's just that this feature to AutoStop you out of a losing trade is not supported. That's why I am moving all my money to Interactive Brokers. I feel like I cannot take a chance on not having this feature until I can control my monkey mind.

@RawTradez1. Abiel's video explains it better than I can @peterB. Thanks Pete. I definitely need to honor those words. Cut losses, let winners ride and I'll make it back in time. Happy holidays!

@Bailey Nevener And your comment "Yes it was instrumental to my success. " Convinced me of making the switch to IB. New Question sir. Perhaps you can give some specifics Bailey on your experiences getting autostopped. For you, when the autostop clicked in, what actually happens. For example, are you doing MaxLoss, Positional Total Loss, or Maybe Position Unreal? I would think the ultimate protection would be Position Unreal as that should theoretically stop you out at $300. Where Max Loss $300, where I have it below, would also I guess just kick you out of trading for the day BUT also your loss could be any $ amount of $300 as you haven't hit realized yet until you sell. Thanks MRod

Sorry I was not specific. TD Ameritrade was not allowing the Auto STop feature per my discussion with Das and they said Interactive Brokers will allow the Das feature an execute an auto stop. Which is why I am switching.

I am switching to Interactive Brokers for this specific reason = auto stopping me out of trades. The main point of this feature is to protect me from my bad emotional choices which IMO is the main feature behind the Risk Controls page.

Howdy BBT family, Just learned the hard way that (although Das Trader told me this) TD Ameritrade does not allow the Auto Stop in Das Trader Risk controls to auto liquidate you if you get into HULK or a bad trade. It did lock me out as I wanted if I went over my max loss (das told me this) but not Auto stop (see snapshot below of Das Risk Control screen) feature. Although I have $300 in max loss and was closed out after hitting that, The trade still went on (das told me this would happen) and I'm out $1,400. I must learn my lesson this way it seems. I have enjoyed green trading over last few weeks on TD and appreciate the no commissions on my trades. However no commissions is a BS reason to pick TD IMO. Interactive Brokers does allow Auto Stop and I liked them in the past therefore I will move back to IB FYI - screen shot Risk Controls Trade well community, MRod

Howdy Olivier, did you get a accountability partner? I am game if you're still looking for one. I joined BBT finally last month after 1 year trading on my own, then 7 months rebuilding my account. I have a lot of the same concerns about share size and stop discipline. Hit me up at [email protected] Ciao Michael Rodriguez

Thanks pal

Anyone use these hot keys, especially the ultimate hot key that puts in order, the market stop and the limit, With Cobra Trading and Das? Runs fine on Cobra/Das training account on this edition but once switch to live orders the limit and stop don’t work. Just creates a range order that never places a market or limit sell. Thanks for feedback. Mike, the Real Estate Investor and Day Trader https://youtu.be/0hw59cB60os