KurtLoeblich

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!

Its very much day by day. When we say trade very well, its typically from past experience. Some stocks just have a tendency to not make large or predictable moves so we tend to "blacklist" them unless they've shown that they are going to trade nicely. It just comes from personal past experience and it is impossible to know how a stock will trade before you get into it.

If you're going to trade off of the 1 minute chart, you really do need to be in and out very quickly. As soon as the price starts to roll over OR if the price isn't moving how you anticipated, you need to be very quick in your decision to stay in or get out. That's why I personally prefer using the 5/15 minute charts for trades, because I'm just not very good at the whole "scalping" trading style. I personally feel that for momentum stocks that are moving quickly, you can use the 9/20 ema for pullbacks. However, if it has lower volume/slower price action, I prefer to focus on the 5 minute and 15 minute chart emas. The 20 moving average slope is what I find to be the most significant of all. I try to take all trades (excluding reversals) in the direction of the 20ema. Ultimately, I try to use the moving averages that the chart has shown are the important ones. If a stock is bouncing off of the 9ema, then that's the EMA I'm going to use for entries.

Hey man -- we all face bumps in the road in our trading journey. I lost over 30,000 dollars before I decided to face the music and do things the right way. As long as you realize that day trading takes time, education, and practice, and you're willing to put in the effort, you're all that more likely to be part of the small group of traders who make it. If you need anything, feel free to reach out. I'm always available.

I cant wait for this to come out!

Couple of things: 1) Never trade with scared money. If you're trading with money you cant afford to lose, it's going to have a negative impact on your overall trading because of how it will interfere with your emotions and psychology. I know it's likely not what you want to hear, but it's the honest truth. 2) Andrew was a successful trader for years before he finally quit his day job. Theres nothing wrong with working while you're in the early stages of trading. With an account your size, its going to take time (and consistency) before you would likely be able to have a sufficient income solely from trading. 3) If you decide to continue trading with real money, and you're sticking to the smaller size but still having issues, I highly recommend going back to SIM. You need to identify what your issues are and work them out in paper trading. Its VERY difficult to learn proper trading strategies and techniques when you're trading with real money (especially as a newer trader). 4) You may want to connect with other members of the community to help you identify where you are struggling and what tools and tricks you can implement to help you overcome your problems. BBT has a great community and I'm certain members here will offer assistance if you're willing to hear from them.

Rules looks good! Try not to risk more than 1 percent of your account per day until you're comfortable with your strategies and psychology/emotions. I may recommend trying to also find a strategy that doesnt necessarily rely on reversals. ABCDs on the 5 minute chart are fairly easy to identify and typically offer great reward to risk. As always, before you start trading a strategy, make sure you learn it in SIM first.

First off: great trade! Secondly, when I add to a trade, I count it as one trade. My overall net P&L is how I calculate my overall R:R ratio. It's the same with partialing. I dont count each individual partial as a separate trade.

Hey Paul! So, when we discuss daily goals and things like that, we do tend to talk in either percentage of account or in terms of R:R ratio (reward to risk ratio). Typically, when talking about the percentage, we do not include the buying power that comes from having margin. So, if your account is a 50K account, a 1% goal would mean 500 dollars, not 2K (assuming 4:1 margin which would put total buying power at 200K). That being said, depending on how new you are to day trading, I wouldn't stress daily goals and trying to achieve them. I usually use daily goals as a "stopping point" if I've hit it, but I don't go out of my way to force trades in order to get there. Hope that helps! -Kurt

Yes will do!

So it's working now or your trial expired?

September 28th is my birthday! Also, I was thinking mid October. What about the 19th?

I dont think it would've been a bad day if he caught a 3 dollar move on MU. That probably would have been his best day ever!

Right click on your scanners and make sure that under the "Time Frame" or "History" you have "Live Always" and "Real Time" selected. You will need to do this with all of your scanners individually. If that doesn't work, I recommend e-mailing Trade Ideas and see if they can walk you through trouble shooting.

Nothing is impossible!

Were just a plane ticket away;)

Daily charts make up the backbone of our trading strategies. Understanding what the daily chart provides you with proper entries and exits. Knowing where support and resistance levels are can save you from taking a trade at the wrong time and help you maximize profits on another. Definitely take the time to understand them!

Okay folks, let's plan one for sometime in October! I have an open schedule so what works for everyone? I'm pretty confident William will also be attending so I need to get him a date relatively soon so he can book all the necessary arrangements. Let's get it done!

Welcome back!

Got it! I'm not opposed to waiting until October. Just want to get as many members as possible!

Excellent. Looks like we are getting some traction here. I will talk to the team to try and get something setup. Thanks everyone for the replies!

That's on my to-do list for August! Stay tuned and keep your eye on the calendar!

I'm going to go ahead and bump this to see if we can get some interest for maybe something in August or September!

For me, it's not so much the chatroom and all the services they offer, but moreso, the people within it. I believe one of the most important parts of a chatroom is to have people participating who are willing to share their experiences and offer mentorship to those who are just starting/struggling. You can call out stocks to trade all day long, but unless traders understand WHY it's being called out, it doesn't really do anyone any long term favors. Sure, you can take the same trades as a more experienced trader, and you might make some money -- but making money following another does not make you a successful trader. That's one of the reasons I prefer BBT over a few other chatrooms I've been in. Andrew and Co. are not only willing, but INSIST on teaching strategies, psychology, etc. to the new/struggling traders and they almost force you to become educated. Oh, and did I mention he doesn't charge me an arm and a leg to learn from him?

Would anyone be interested? If so, let's see if we can get something going! I will be out of the country (going to New Zealand for 3 weeks) so I was thinking sometime early March.