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Good afternoon BBT, I'm sure this topic has been discussed before, but I'd like some recommendations for a beginner day trading desktop setup. I will be running either Sterling Trader Pro, or DAS, through CMEG. I am still undecided as to what platform I should use. I will also be running Trade Ideas, as well as the chatroom in the background. Admittedly, I am not a computer guy. I know how to use a computer effectively, but I know very little about the actual hardware itself. I've heard recommendations of 4 cores in the processor, 16 gb of memory (DDR4), 250gb hard drive (SSD). I do not know what any of this means, but I do understand the importance of having a reliable, well-performing computer to use while trading. Currently, I have been using my Thinkorswim app on my mobile to use their PaperMoney Simulator to train with, but obviously this setup is not sustainable for continued education, and certainly not for active trading. So, I think it's time I invested in a proper machine to train with, get accustom to, and then to trade real money with. Obviously, since I'm investing my real money into the market, I want to be sure I have the proper tools to capitalize with. Thank you in advance to anyone who reaches out with any advice, or help. I sincerely appreciate it. - Andrew from Jersey
Hey all, I'm trying to figure out how to script a hotkey in DAS for adding to or creating a new position that will buy or short a set number of shares and then set a stop loss for fixed amount calculated based on the overall position and average cost per share. For example I want to buy 100 shares and I want to set my stop to fixed amount say $100 dollars. The math for this seems pretty basic just (average cost- (risk amount/position)) but I can't seem to make that work in a hotkey script. I would also want the script to update the stop if I add to the position so for example for a $10 stock: the first time I hit the button it buys 100 shares at current ask then sets a stop to sell 100 shares at $9, then I hit it again (assuming the ask is still $10) it buys another 100 shares (now I have 200 shares) and sets the new stop loss (cancelling the old) to sell 200 shares at $9.50. and then will do that each time I mash the button so were I to hit it 10 times for a 1000 shares my new stop loss would be to sell 1000 shares at $9.90. Any help would be greatly appreciated!!
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