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deejaypj

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  1. deejaypj

    South Florida Meetup

    Hey fellow Floridians. I'm in the Orlando area and have a pretty busy schedule with two teenage boys but may be able to make it if something gets organized. Keep me posted. PJ
  2. deejaypj

    Robert's Rants - Breaking Rules (Episode 7)

    Well done as always, Robert. I wish this hadn't happened, for Andrew, for you, and for myself. I again did the same thing. It wasn't quite the magnitude of Andrew's day but but based on account size it was probably about the same. I don't know; I keep listening to your rant videos and love them, but then I turn around and do the same things over and over. This hopefully is where I turn it around. Let's all make this debacle the shot across the bow that ends the madness. Thanks again for doing these.
  3. Thanks for sharing the pictures. Looks like quite an adventure!
  4. deejaypj

    Introduce Yourself!

    Hi Rebecca. Welcome to the family. It can be daunting at first but with time it will seem much slower. Re-watch the videos and just keep doing sim as long as it takes to get comfortable. There's no rush to go live. Make sure to ask questions. There are many awesome helpful people in the group. PJ
  5. deejaypj

    READ ME: For those who are struggling...

    Thanks Ryan! I may be reading this daily. You make some amazing points. I wish I had read this years ago. It may have saved me thousands of dollars. Which reminds me, I also must commend you on your journey into futures, because that is the area that I have lost the most. I've done well with stock trades and even options, but futures have been my Kriptonite. One thing that really hit home for me was your point about reviewing. I can't tell you how many screen shots, journal entries and such that I made, just to put away and never look at again. I even thought about that fact a few times but never really did a good job of following up. It was just recently that I started making a real effort to review and it seems to be really helping. I will now look at thing with somewhat of a questioning mind. I'm sure that will be another way to move in the right direction. PJ
  6. Hi Ali, I am not an expert and still trying to learn myself, but some of my learning is just reviewing my trades, the good ones and the bad ones. Also, just reviewing charts of other people's trades. I will sometimes go back and listen to some of the trade recaps (we have some excellent recaps posted by other members) and then pull up the charts to see what they actually looked like when they were taken. Using something like Tradingview, I can go to a day in the past and play it back candle by candle. This helps me to see how the setup looked as it was forming and because I can advance one candle at a time, I can also see how I would have managed the trade after taking it. Hope that is helpful. It's all about constantly improving and learning. Good luck! PJ
  7. Robert, thanks for the advice. I know the daily max loss cut-off is something that would help me. I will check into that for my current trading account. I know I had it available with the futures account that I was trading but I've moved to trading more stocks and that's through a different broker. I will also make sure to check out episode 4. I'm not sure I listened to that one yet.
  8. Robert, keep these coming. I have really enjoyed listening and have learned from you insight. I've been a member since the end of last year but I felt like it wasn't going to work for me. I sort of quit the community for a while. Your rants and some of the other great recap videos have helped me get back on track. Listening to this episode in particular, I have come to the conclusion that I need to get back to the reason that I joined BBT in the first place. I need to be involved more. I sit in the chat and never say anything; I've not posted in the forum in a while and I've not even considered doing a recap video. I need to start being involved and also peer to peer would definitely help me. That is the real reason I joined the community. I felt the accountability would be helpful. If there were others that I could say "this is what I did today, or this week" it would help me to think before going "Rambo" or some other stupid stuff. I do feel I can do this because I am successful more that not. I just have blow up days that I need to avoid. Friday was my worst and that's why I'm on here doing this at 10 o'clock on a Saturday night. (that and the fact that my wife is nursing a broken knee, so we're not exactly getting out much) Anyway, i just wanted to let you know that even though the viewership is down, as you say, you are helping. Thanks!
  9. deejaypj

    Account Restrictions

    Hi Peter, I would tend to believe that story about Schwab, as they are part of the old school when it comes to brokerage firms and the old school thinking definitely leans towards the idea that shorting is unamerican. I actually only have a Schwab account because I was with OptionsXpress and they were bought by Schwab. I figured I would give them a try. Perhaps this experience is the answer to my question regarding whether to stay or not. Thanks everyone for the replies!
  10. deejaypj

    Account Restrictions

    Yes Robert, it's Schwab and I was thinking the same thing. My shorter term trading (day trading and such) has been Forex and futures up to this point. I had mainly traded Options in this account before coming to BBT. In both Forex and futures I have never been allowed to trade beyond my margin limit, so I wasn't thinking it would be an issue. I don't understand if there is an issue with going over my BP then why allow it in the first place? Anyway, I have no problem changing brokers. After calling them this week I will make a decision.
  11. deejaypj

    Account Restrictions

    Thanks for the reply Jimmy. Yes, that is what I did. I've been familiar with the pattern day trader regulation regarding 25k in the account. This was an instance when I hit the hotkey one too many times and ended up with way too many shares. It was a mistake and I noticed that my bp went red. I figured if I just closed the position it would sort out, however I received an email from my broker warning me of the issue and it said they would then be monitoring my trading to see if it needed the additional restriction. I then figured that since I wouldn't be doing that again, I'd be okay. They didn't seem to do much monitoring. They just slapped me with a restriction that seems as if I am not allowed to use any margin. Going to call them this week to see what the situation is.
  12. deejaypj

    Account Restrictions

    Not sure if the Brokers section is the right area for this but I wanted to see if anyone has come across this issue and what might be the solution. I mistakenly bought the wrong quantity of a stock on Monday and ended up with negative available margin in my account. I closed the trade soon after. It seems I broke some sort of rule with this. As I am new to actual day trading of stock, I wasn't aware of all the rules involved. I tried to do as much research as possible before going live but somehow missed this one. I imagine this is somehow tied to good old USA government regulations. Any way, I am now facing a big restriction on my trading for 90 days and maybe longer. Any ideas on this? Thanks, Patrick
  13. deejaypj

    Schwab StreetSmart Edge

    Yes, I have also played around with the Recognia tool and much like you, I gave up on it. I was planning to look at it again. I haven't seen many actionable signals when I've had it open. I keep seeing results from a day or so back. I've only used the predefined events in the event setup library. I've mostly tried the flags and breakouts. Maybe these aren't the best scans and sometimes with these types of tools the predefined choices aren't very good. Haven't spent much time trying to make my own scans and maybe that's the answer. One thing I noticed though is that when defining criteria, the smallest time frame it uses is 15 minutes and I had hoped it would go down to 5 min. I checked out the video tutorials but they were pretty lame. Tried to see if there was more info out there, since it's a third party tool, but found very little. The company website appears to be under construction and so not much info there either. Maybe I'll play around with it today. I'll let you know if I discover anything.
  14. deejaypj

    Schwab StreetSmart Edge

    Sorry too hear that you had a rough day. I know they happen. It's part of the game but they hurt. I almost had one of those days too. Started off rough. I went against my rules about the lower price stocks and traded FORD because Andrew was trading it (so much for the disclaimer about trading as an individual). I totally chased it to boot. Anyway, let it go way too far against me before closing. Fortunately I took it again for a nice win and then traded NVDA for a decent trade. Thanks for taking the time to share your screen settings. Looks like we have our screens set up similarly. I also use average daily vol because it does weed out some of the less active stocks. One thing that I incorporate as a filter is in regards to shorts. I am a subscriber to IBD and I won't short stocks that I know have high IBD ratings. I know fundamentals aren't necessarily a factor in day trades and even strong stocks pull back. It's just more a mentality thing for me. I've seen stocks like NVDA, for instance, look like it's going down and then get a sharp move up. Just my extra little filter there. Hope you are having a great weekend. Talk next week.
  15. deejaypj

    Schwab StreetSmart Edge

    Hey David, I feel a bit stupid at this point. I opened my platform this morning and looked at the preset screen for "Change from Open" and I see that it has results from pre-market. It's the screens that I have created that don't have results. I'll have to look into it a bit more to figure out what I need to change on my custom screens.
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