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KurtLoeblich

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Posts posted by KurtLoeblich

  1. Posted

    Hey Lenny!

    The market open is typically the most volatile for a number of reasons:

    1)  Any orders that were placed at the varying brokerages over night/after market close are going to be processed once the market opens

    2) Any news that could theoretically have an impact on the stocks price will usually come out after the market close or before the market open and decisions are going to be made on it

    3) Day Traders/momentum traders typically only trade for the first hour or so and once their volume dries up, it does reduce the overall volatility (least influential by any means but worth mentioning regardless)

  2. Posted

    14 hours ago, Stuart said:

    What a great time in St. Louis and meetup with some Bear Bull Traders! A BIG "Thank you" to Kurt and William for making this meetup so very special! We had new traders, swing traders, and long time traders to bounce our thoughts and questions off of. And of course many thanks to Andrew who supported all of this! I would highly recommend attending a BBT Meetup as a way to find out how our other traders approach Day Trading and get to know some of the greatest members of our BBT community.

    St Louis has a lot to offer as a visitor, and I was lucky enough to get out for a little sight-seeing.

    Thanks to everyone that came out! (It was a bit chilly without my jacket the next morning.) 🙂

    STL ARCH.jpg

    Hahaha. I'm so glad you had a good time. Dont worry, your jacket is enroute to you and you'll never have to be cold again!

    • Like 1

  6. Posted

    7 hours ago, Jas Singh said:

    Hi! Kurt, 

    I rsvp'd for myself but not for my gf and kid yet...not sure why I am not seeing the page the google from at the top of the page...sorry. 

    Just wanted to make sure I added them to the headcount. 

    thanks, 

    It's on the first page in the forums. As you get to a certain number of replies, the forum will generate a new page.  If you dont get them added, I will do it for ya tomorrow. 

  8. Posted · Edited by KurtLoeblich

    7 hours ago, Jas Singh said:

    My girl friend might join as well depending upon her availability. 

    Her daughter is 10 years old but pretty chill and quiet. Is it okay to bring her or we can look for a sitter?

    thanks. 

    William says its perfectly okay for you to bring her daughter. Just make sure you update the google doc so I can get a headcount. I need the totals the day before so I can confirm with the restaurant. 

  9. Posted

    6 hours ago, Jas Singh said:

    My girl friend might join as well depending upon her availability. 

    Her daughter is 10 years old but pretty chill and quiet. Is it okay to bring her or we can look for a sitter?

    thanks. 

    Let me ask William and get back to you. This is my first one I've ran so no idea what the expectations are. Hes a pro and would know the answer. 

    Hey guys -- Venue has been selected!

    Rosalitas Cantina

    12796 Manchester Rd, Des Peres, MO 63131

     

    looking forward to seeing you all there!

  11. Posted

    48 minutes ago, marcelperez said:

    Hi Kurt, 

    What is your definition of momentum trading vs trend trading. I'm a bit confused as it seems they are both trading with the trend.

    Thanks

    Momentum trading is trading breakouts/breakdowns and exiting your position as soon as the immediate momentum subsides. Trend trading is longer term trading -- I look to catch as much of the move as possible. A momentum trader rarely holds through pullbacks, and will exit the entire position with the idea that once the pullback ends they might take another stab. They are basically looking to catch the move when volume is flooding in.  Momentum traders will often trade countertrend moves on the longer time frame. It's like Andrew says - he can be long a stock and Brian can be short, but as long as they both manage their risk properly, they both can be winners!

    • Like 3

  12. Posted

    1 hour ago, banjo597 said:

    Thanks for the idea. I thought i had one of those moments in august when i had 4 days in a row green days. but then it seem like it was just a lucky 4 days because i haven't been able to be that consistent since then.

    Yeah -- 4 days just isnt enough. You need to test strategies for a considerable amount of time before you can determine it gives you an edge in the overall market. For myself, it was 3 months in SIM and then another 3 months live before I realized that I kind of "had it".  Keep in mind, even by using someone else's strategies, you'll always need to test them and see if they are successful for YOU. 

  13. Posted

    I think it's safe to say that there will be a lot of various "ah ha" moments as to when it all came together but for me personally, it was recognizing that I'm not very good at momentum trading, and when I changed my course and started focusing on trend trading.   I know that, psychologically, I have a very difficult time exiting positions (winners or losers) so I had to develop a strategy that MATCHED that personality.  With that in mind, it was going back, reviewing both my winners and losers, studying the charts, and putting everything together that I had learned up to that point together.  I think it's very easy as a day trader to become very focused on one key element of trading (strategies, chart patterns, level2/tape, volume, support and resistance, etc) but it's once you put it all together that it all starts to make sense and things start to turn around.  

    • Like 3

  14. Posted

    30 minutes ago, Matthew Bernstein said:

    Hello, I'm Matt Bernstein.  I've been working as a U.S. Immigration Attorney for over 20 years and am looking to transition out of the practice of law.  The only experience I have with equities is with long term investing, so day trading is a new and exciting challenge for me.  I have clients involved in equities trading and learning about their trading philosophy and methodology has made me fascinated with price movement and mass (and individual) psychology.    I'm also very interested at this stage in my life in being in a career that is not quite as all consuming in terms of my time (and sleep) as the legal profession.    While I understand that trading has it's own stressors, I do believe that my fast paced, detailed oriented job and  dealing with life and death issues for my clients has helped to prepare me for that.   I have my own practice, that allows me some flexibility.   I'm committing three hours every morning (except for the occasional work conflict) for the next three months to six months to learning and paper trading using the the DAS simulator to see how things go.  My goal is to be making live trades with smaller positions within six months, and to slowly "scale out of my position" with my law practice over a three year period if I'm making a regular profit.   At this point, I've finally gotten my DAS set up (more or less) and hope to start making some paper trades this week.  Wish me luck!

    Welcome to the community. You're doing it the right way by starting in SIM!  Dont hesitate to reach out if you have any questions. See you in the chat!

    • Like 1

  16. Posted

    Hey -- so, its going to be really hard to imitate my ideas because by the time I call them out, the best entry has likely come and gone.  In this trade, i was short at 99 so by the time you got in, i was already sitting up 3-4R.  I'm happy to teach you my style of trading should you ever be interested though -- just give me a shout!

    • Thanks 1

  19. Posted

    I'm still a bit of a spring chicken (I'm turning 29 next week, so maybe I'm not as young as I like to think I am) but I know from talking with day traders from all walks of life that you'd be surprised with how many of the challenges you will face as a day trader are shared throughout the community. The struggles we deal with on a daily basis are rooted in human psychology, and whether you're 18 or 80, that's something we wll share. 

    That being said, I have no doubt that there are certain challenges the seasoned demographic (as you so eloquently put) will face that some of the younger folks may not initially struggled with. Something that comes to the front of my mind is, naturally, embracing the technology that we utilize. Considering I grew up playing video games, integrating the hotkey muscle memory into my trading was relatively easy and I didn't have to put much thought into it and I can certainly see how others may not have a similar experience. 

    What I may recommend to you is that we do have members of all ages within BBT and you are obviously more than welcome to connect with them and potentially setting up a group within the community!  This forum post right here may be the first step!  By connecting with members in a similar situation as yourself, you can all share your experiences and help each other, which is what BBT is all about. 

    Once again, we are so happy to have you aboard, and wishing you the best on your journey!

    • Like 1
    • Thanks 1

  20. Posted

    Hey Duane!  My name is Kurt and I'm one of the moderators for BBT. We are so excited to have you as a member of our community. Please reach out to myself or any of the other team members should you have any questions or need any assistance. We are here to help you in any way we can in your trading journey! (besides telling you what to buy or sell, of course). 🙂

    See you in the chat!

    • Like 1
    • Thanks 2

  25. Posted · Edited by KurtLoeblich
    Additional information

    Hello everyone!

    You guys/gals have been so patient and with that I am proud to announce the FIRST (I think) St. Louis, MO Bear Bull Traders Meetup!  As always, drinks and appetizers are on Andrew.  This meetup is open to everyone who is a member of BBT and is also open to those who aren't!  I'll be bringing my wife, so make sure you're nice to her 😉

    Before I can pick a specific venue for this event, I do need to get some sort of head count so I can determine whether or not we will need a private room.  That being said, if anyone in the area has any ideas/suggestions, feel free to either comment in this thread or message me directly.

    So, the important stuff:

    William and I will both be attending and we are looking to get other moderators to attend as well.  I will update this thread as I find out more.
    Drinks are on Andrew.  If you want to eat, make sure you prepare accordingly.
    We are going to focus on all topics trading -- although, if you want to ask William about his dogs, I'm sure he would LOVE to answer you.

    That being said, please fill out the GoogleDoc below if you plan on attending.  I'll start looking for the venue early October so the sooner you reply, the better.
    https://docs.google.com/spreadsheets/d/1trXWDJCm3RO4raOy8mo5eRSDRVn68GGoj4Z_TxhprbU/edit#gid=0

    When:  October 19th, 2019 at 5:00 PM
    Where:  Rosalitas Cantina

    12796 Manchester Rd, Des Peres, MO 63131

    Who:  Anyone and everyone!
    What: To talk all things trading
    Why: Because I want to meet all of you!


    Looking forward to meeting everyone!

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