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August 26. 2024 I pretend to show you what I consider the best way to trade if you have a small account. I will be using most of the time simple strategies like 1 and 2 min opening range breakouts and camarilla pivot points. First I traded 1 min ORB the I waited for the break of R3 and traded short. I traded 8 contracts on each direction.
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Buy and Stoploss hotkeys for Options trading in DAS
Kalyanjianand posted a topic in Bear Bull Traders - Members Only!
Hi, I am trading options in DAS Trader pro. Could anyone please share me the hotkey script to place stoploss for option buying? -
Hello BBT, My friend and I (A_aron) are going to be posting our trades on this forum. We will be giving each other feedback in order to learn from one another. However, feel free to post your trades and join us!!!!! The more feedback we get the better. Our goal is to shorten our learning curve and learn from others. Thank you! Format: Stock: Strategy: Why did you take the trade?: Long/Short: Entry: Risk: S/L: How did you feel after taking the trade?: What did you do well?: What can you improve on?: Questions?:
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Collaborate in backtesting day trading strategies
haakonflaar posted a topic in Bear Bull Traders - Members Only!
Hey BBT family! I am looking for someone that wants to collaborate with me in backtesting promising day trading strategies. So far, I have developed a script that fetches historical data (10+ years) for tickers that fulfill certain criteria (eg. gapper criteria), performs simulated trading according to a strategy, and displays a graphical representation of the trades alongside the return from the trades. All is very customizable as I am coding everything “from scratch”, not relying on any all-in-one platform with limited options of customization. Below is an example of a graphical representation that the script returns for each trade (very customizable - in this case it backtests a simple version of the opening range breakout strategy). If you have a promising strategy that you want backtested, and believe you can help me in improving my backtesting script (theoretically, no coding knowledge required), then I would love to get in touch! Also, I would be happy to share results with everyone here if I come across something good. Let me know if you are interested in collaborating! - Haakon-
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What do you look for in a Trading Chat Room?
Thor posted a topic in Day Trading Hardware, Software and Tools
Hello BBT Family, I've been trading now for a little under a year and must admit I've only been with Bear Bull Traders from the beginning. After reading Andrew's book I tried the room out, liked it, and never looked back. Now that I'm approaching a year. I thought it would be a fun topic to see what everyone else was looking for in a chat room when they came to Bear Bull Traders. Your experience can be from any chatroom, actually I'd really enjoy hearing about other rooms as well, however please no negative stuff. Just looking specifically for things that drew you in to a particular room. For example: One of the things that drew me to BBT was the structure of that Chat. I like that they have a premarket show, then Andrew trades the open for all the opening range traders, then other moderators with varied trading strengths come on throughout the day to help during specific time frames. So I knew I'd have activity and guidance all day. Hope you all enjoy the topic. And stay Green. Thor Young - Lifetime Member @ BBT- 29 replies
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Hi - my name is Chris and I am joining the group from Munich in Germany. I am 48 years old married, with two sons, ex banker from Vancouver BC (20 years there till 2011). I tried day trading in the past but burned pretty badly and fast. I came across the BBT group after reading Andrew's book and I am currently making a plan to start to actively day trade sometimes in late 2021. I just started my training by reading few books ie. "The disciplined trader " and some others to start with. I am formulating my development plan and I am hoping to start paper trading (DAS sim) in March/April - for now read and watch the action in the chatroom. I will be asking questions, hoping not to irritate anybody. Greetings!
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I trade only at open and I am trading only one setup 5 min ORB, Our mentors always tell at starting learn only few setups that is enough to make money. I am following the same. Simple Rules: Trade only 5 min ORB Entry and exit based on 5 min trend lines No low float stocks Volatility < 10-11% [ Reason I am trading with very small risk hence small qty Kyle's htk, for volatile stock >10% I need to have wide SL hence I will get very very small qty and risk to reward is not favorable for me] Partials based on Fibonacci levels [ It's really useful as I am trading with very small risk and qty hence I can partials at important levels in order to make most of the profile with less qty, and as all we know fib numbers are natural numbers and we can find most of the levels based on fib numbers. I am using fib numbers for my swing trade as well] Stocks should have good order flow Stocks ranges $10-80 [ I am unable to manage risk outside this range, it's my comfort zone and I have a good edge in this range as per previous records] 5 Min ORB trade[INTC] Aug-20-2020: For this trade I saw weakness at premarket 15/30/60 min chart. I was planning to go short and was looking for 5 min break down.I went short after waiting for 2-3 min at open. I got a pullback and drew fib levels for partials. Eventually I closed all my position at 5 min trend break.
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Hi BBT, New to DT (~90+ days) but have been swing trading for several years. I am excited t o go on this journey! I would like to welcome everyone to my DT-ing Journal where I will summarize my trades, thought process, ideas/potential trades, psychological state during trades, and overall grade for the day. I am here to learn so I would greatly appreciate your feedback (harsh or not, I am here to learn so do not be cordial, LOL - I welcome constructive criticism). Thank you in advance for your support and willingness to help. I am excited to be a part of this amazing trading community! DAY – 1 (7.13.2020) Trades: 6 Symbols: 4 Psychology: Planned on not trading, reason #1: did not sleep well and woke up late, reason #2: have several swing trades going. I broke that plan. Goal for the day: Manage swing trades, take profits, average down or add shares on PB's according to plan. Market: Strong finish on Friday 7/10/20. COVID19 cases at all-times high in many states. Q2 earnings season starts today, will banks will be a major indicator for bullish continuance and overall market sentiment? WL: TRADES: DKNG Catalyst: Friday, 7.10.20 Doji on daily chart, at the bottom of a daily chart trading range, voluntarily delisting warrants (SPAC) due to low volume (negative news). I have been looking to take a long position for a swing trade at the bottom of the range, last attempt. Strategy: VWAP break-out Long bias, opened weak - entry at 9:34 after indecision and hammer testing the 9 EMA, holding VWAP and the 100 SMA. Stop was the loss of 9 and 20 EMA at 100 SMA, secondary plan was if it held 100 SMA to re-enter, failed. Overall plan has been to take this long for a swing trade, however the news of delisting warrants reduced my confidence. This was one last attempt at this ticker. Stopped out at 100 SMA, removed from future WL until scanner shows more volume. Overall grade = A. Good recognition of weakness, entry was fair, and SL was not adjusted. TM was well executed. NI – Remove bias in a stock and read the technical. MRNA Catalyst: Buy rating upgrade, continuation on strength from Friday, 7.10.20. Strategy: Break of HOD Long bias, chatroom call-out. Poor execution of entry, FOMO. Did not wait for a proper PB. Too extended. Stayed in this trade on willingness to hold for swing based on the strength and catalyst. I have been watching and analyzing this ticker, recently sold swing position. Good job of not averaging down on PB to VPOC support (although averaging down would have been acceptable, based on my plan and risk level). If VWAP was lost I would have ‘bailed’. First partial was at R-level, $74.56. Second partial was at $76.00, good job of being patient to partial later rather than sooner on overall strength and L2 orders. Third partial was at new HOD, $76.90 (Good recognition of time of day, common time of day MRNA turns over). Overall grade = D. Entry was poor (F), partials were good (A), overall TM was a fail with a R:R = 1R. I see the consistent pattern of chasing and entering too extended. My afterhours analysis of this ticker kept me confident to risk/reward. However, I will not be so calm if I start trading 500+ shares of a ticker priced like this, max risk on this trade was 1.8% of total account value whereas my profit take was ½ that amount – too much! NI – Better entries, stop chasing extended tickers with FOMO. Learn to manage R:R before I blow up account. VXRT Catalyst: Buy rating upgrade, $90MM capital raise for COVID19 R&D Strategy: Break of HOD Long bias, RVOL high, heavy trading volume, similar strength to MRNA. Did a poor job of assessing entry (common theme), rush in to two entries and bailed - FOMO. E3 was after assessing price action and EMA/SMA tests/retests, etc. E3 was good, first partial was at R-lvl, too many shares, still panicking on partials to avoid going red. Plan forward – remove profit window and trade for levels and by technical not P/L. Partial 3 was good, at intraday level, ceiling becomes floor. Final partial was at new HOD but I was not at station, set it and forget it (ticker hit HOD = $13.53, my profit take was = $11.90) Overall grade = B. Too many entry/bail, poor (D). Partials were good (B), overall TM was a C grade due entry/bail however R:R was excellent (13.9R). GREAT add-on at 20 EMA re-test, partials beyond this were (B), held 15% shares to reach $12.00 new HOD. NI – Better entries, assess price action and technical before entering trade. Establish a R:R strategy such as: 20/30/50% on strong stocks. SPCE Catalyst: Strong stock on daily, recently sold off, Strategy: Support Hold (after 1st 15-min sell of on trend day) Long bias, Entry at support level $19.46 after exhaustive volume trend with consolidation, PA tested this support for ~30 (yellow box). P1 at VPOC R-lvl, P2 at floor turns to ceiling intraday level, P3 at some random level (poor take), P4 at new HOD. Held 100 shares and added 200 shares (cum = 300) for swing trade because on daily chart this ticker sold off HARD and has been strong 7+ days. Overall grade = A. Good trade over all, could have waited a little longer to enter the trade at 100 SMA test, P3 was on panic? poor partial, P4 was slightly early but L2 was iffy. NI – Better entries, recognize the strength of the market and "trend day" - take larger position to maximize P/L to make week goal, instead of a daily P/L goal. Final Review: Goal for Day – FAIL, DT-ed instead of only manage swing positions. Day was GREEN (7X Goal). Am I being to hard on myself since I am new or did I just get lucky? I think its the latter, if MRNA wouldn't have worked out I would have ended RED (-6X Goal or 1.8% of account value). Things I do well: Wait to partial at higher Rs, however this is with limited amount of shares, need to work on partialing strategy. Things I do poorly: Bad entries, chasing FOMO, too extended. TM is poor due to unbalanced R:R
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Hello. I have been trading since March 2017 with up and downs (sometimes in a real account and sometimes in the simulator). I was member of Vancouver traders (now BearBullTraders). I have started to be more consistent in the last month. I am a part time trader. This is my contribution for new traders so that they can learn from my mistakes. I recognize that everybody has a different path but you can learn something from everyone. Andrew has teach that to us in this community and it is very true at least for me. Keys for my success: 1. When i find Andrews' book. That one change my day trading from low float stocks to medium or high float ones. Besides introduce DAS. I read the book twice and never understood the basic strategies that he explain very well but for some reason took me years to learn them in front of the screen. It is very important to understand those strategies and learn the best entries (For me the best entries are close to a MA, daily or Pre Market level and VWAP. For this levels at the opening works at the close of the 1 minute candle, later in the day is better to wait for the pull back) https://www.amazon.com/gp/product/B012C4AU10/ref=dbs_a_def_rwt_bibl_vppi_i0 2. The hotkey script for always risk the same amount of money. This script change everything for me because i was calculating live the amount of share that i have to take to meet my risk but a lot of time i was buying the wrong amount . 3. Class 5: Risk Management. https://bearbulltraders.com/lessons/class-5-risk-management/ Mainly the part where it shows that you can make a lot of money with the 1% or even 0.5% of your equity. 4. When i really understood 1,2 and 5 min ORB and that i have to get an entry close to a level or MA or VWAP for better risk reward. 5. When I learn from Thor Young (Thank you so much) that you can earn a lot of money with only one or two stocks. His introduction to us of the VPA and VAP helps a lot too. 6. This video of naked price action helped me a lot 7. to be continued...
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CMEG Incredible LACK of Customer Support 10+ Attempts
benjaminchyau posted a topic in Day Trading Brokers
Hi All, When I decided to go live, I went with CMEG due to its low commission and no PDT rule as many of you may have. We went back and forth, set up my account and as soon as I wired my initial funds I had absolutely no reply. Its been over two months now and nothing is happening. I am so frustrated because with this. Check out this email chain. And despite more than 10 attempts I have no reply. I am now trying to close my account....and still no reply. What the HECK.🤬
