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About Me

Found 2 results

  1. Pre-market Show Watchlist and Levels I should probably start with why I've started this forum. I communicated this information to Carlos, and he thought it was a good idea, but I decided to take it upon myself to get started. I am one of those traders who do not actually get to trade often because I have a standard 8-5 job, with a 2 hour commute (to and from). Therefore, the only real time I get to spend on the market is when I am off during the trading week, or during the three breaks I get. Unfortunately, this does not help when most of the action is in the morning. While I am at work, I cannot have much on my screen that is not work related. The most I can have is a Google search of a stock, finviz.com, or the Yahoo Finance chart. I cannot download anything, so best I can do is literally trade on notepad (as I cannot have any writing utensil or electronic device that I can save important information). That said, I was excited to hear that DAS was working on the Replay feature, because then I could spend at least a couple of hours a day, trading the open to get experience. However, with the new feature comes new hurdles, such as what stocks were in play or what levels were significant for a given day, without finding the results of said day when trying to research it for myself. While the Replay feature has major benefits to be had, the lack of having a way to search for this information without influencing my simulated trading seems impossible. As a result, I wanted to create a forum for those like me and those who wish to help. The idea is to go into the simulation blind, with the same information that we would have going into a new trading day. That means this forum is not meant to have any information that the trading day has had. By posting only the pre-market watchlists and levels in a designated forum, we will build a limitless wealth of practice, not only for newer traders like me, but also veteran traders as well. It can also be a good place to begin reviewing specific patterns that are not so frequently discussed, giving us all an additional way to try new things, and become more versed in the market language. How do we do this? By posting only the pre-market show stock watchlist and support/resistance levels that the moderators issue that appear in the "Alert" portion of the chatroom**. Let's face it, we realize that the moderators are more experienced at this than we are, and we value their knowledge. Let us use that knowledge like the idea of increasing our accounts, a little each days will begin to pay dividends. I am not sure how this forum will go, but I believe there are others in similar (or worse) circumstances as me. I have high hopes that members of our community will step up and post the information requested. I trust that members will follow thru with this because they will see the value that this new feature has to offer. Below will be a preferred format of the information, so everyone can locate the days and lists they are looking for. Simply copy and paste, and then fill in the information. The format may change, and welcome input via message. Thank you for taking the time to read this, especially those who will be helping archive the data! Big thanks to the moderators for their support, and all that they do! ================================= Date: MM/DD/YY Moderator Name: Stock: Levels: Previous Day Close: **To start, I think it would be best if we stick with moderators watchlists. They are in those positions because they have proven valuable to the community. Maybe in the future, once there is more days that are saved in the Replay, maybe veteran members could post their watchlists. ¹Stocks I was watching with levels I thought were important. I will also post a second forum for a discussion on why I think this is good information to be had. Maybe with more discussion on the topic will improve the information I can gather. I want to keep this forum strictly for the pre-market stock choices and levels, so please respond only with desired information in this forum, and keep the discussion in the other. Thank you!
  2. Hi All, I created this topic so that Trader's can share their real time experience/journey in the world of Live Trading or with Bear Bull Traders. I find myself fortunate to be able to share my story as well as my 2 cents on the learning I have had from the mistakes till date. To start with, a brief about myself : My name is Paras Jandwani, 29 yr old, basically from India but have been settled in Washington DC, USA for the past 5 years. I have been working with a Tech company named Accenture (Yep, not a full time Trader yet) as a Solutions Business Consultant for the past 9 years. From a very young age itself I was interested in Stock Market, following tickers and watching business programs etc. However, for some reason may be social pressure could never make a career in finance (no regrets though). Anyways long story short I opened multiple trading/Investing accounts back in India and invested money based on the FURU alerts or speculation. I eventually blew up my account 2 times leading me to take a break from Trading. Trading Journey with Bear Bull Traders (then "Vancouver Traders") It is always said that you can suppress your passion but can never wipe it out from your life. Since I had already moved to USA, the passion of making a living out of the stock market led me to look for options available to me to learn and explore the US Market. It was around August 2017 when I found your book on amazon with the title "How to day trade for living" which I thought exactly met my need. I immediately bought it and was impressed with the simple concise way the book was written and detailed about everything that needs to be performed step-by-step to become a Stock Trader. Currently, with the huge amount of options, with data available on google, the beginner's struggle a lot with what needs to be performed and are really confused if anything offered to them is genuine or not. The book written by you clarifies all of these confusion and give a very clear head start for beginner's trading career. After I read the book, I immediately joined the Bear Bull Traders (then Vancouver Traders) community in September 2017 and followed almost every small suggestions/guidance provided by you in the chatroom. I traded in SIM for 4 months and went live in Feb 2018. It's been almost 9 months live (every trading day from 8:30 am to 12 pm EST) and looking at the past where I was down with more than $ 6k in losses around the mid of June 2018 and gradually coming back to break even in Aug 2018 and currently sitting at a net profit of $ 3.5k.The figures might not seem big as I have always been a very risk averse Trader and when I started I used to trade with a volume of 20-50 shares for high priced stocks such as TSLA and 100-200 shares for mid-float stocks (I never traded low-float stocks, till date). Currently, I easily trade 500 - 750 shares/trade for mid-float and 200-300 shares/trade for high priced stock. I think every trader has to pass through a learning curve and should respect the process. I have made my own mistakes and learnt from it. I am still learning every day and happy to be able to lead my passion. Hope to be successful one day and trade full-time. Below are some of the items that I learnt during the process : 1. You just need to master 1-2 strategies to be able make consistent money. (I tried multiple different strategies (not just from the book) to create an edge and ended up with being more confused) 2. Volume sizing should be a privilege and should be increased gradually in 10-20% every time when you are confident enough.(At the time, when I started making consistent profits with small volume of 100-200 shares I immediately started trading with 500-600 shares at a time which led to a lot emotions taking over leading to consistent losses) 3. Say NO to Averaging Down ( This type of trading saves you almost 90% of the time but would wipe out months of profit in a single day when it doesn't work. Been there and learnt it the hard way) 4. Higher number of tickets DO NOT guarantee higher profits. (I have a rule to Stop trading once I achieve my profit target or my max loss or 30 tickets/day. Number of tickets/day have saved me rule has been a very important for me to take selective trades. I remember my reckless/revenge trading having 223 tickets on one of the trading days which cost me hundred's of dollars in losses.) 5. Rules are meant NOT to be broken. (Almost every single time I broke my rules I paid the price for it) 6. Being patient with the winners and impatient with the losers. ( Almost every single trader faces that. I was very impatient with the winners and patient with losers which made my losses bigger then my profits) 7. Setting the stop loss right to either an indicator/support/resistance level (Had a very bad habit of setting the stop loss at the level based on the loss I was willing to take) 8. Importance of Journaling. (I use a software named Edgewonk for Journaling. My past chunk of trades gave me the indication that my win rate between 9:30 and 10 am is 76%, between 10 and 10:30 is mere 24% and 10:30 to 11: 30 is 64%.This was an eye opener for me. I almost immediately stopped trading between the time where my win rate was the lowest. This really helped me in maximizing my profits) All the above mentioned experience wouldn't have been possible without a person who is a guide and a mentor, none other than Andrew!. I hope to continue learning from him and find myself fortunate to be a part of an amazing trading community.
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