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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
I just saw the results video and noticed quite a few people with some massive gains. Congrats to those traders, but I have a few observations. Some people appear to have traded risky low floats to get to the top spot with little regard for protecting their account. The results reminded me of how I traded in the sim. I had some big days as well, but that didn't necessarily carry over when I started trading live. There's no way that I would use 100% of my BP on a low float stock for the slim chance of hitting it big. How many could really stomach a -$10k swing? Correct me if I'm wrong, but I don't think the PDT rule was active for traders who dipped below $25k in the challenge (at least not the entire contest). I think there needs to be more risk involved. I suggest making the challenge as real as possible. Start with $30k ($5k cushion), and if you drop below $25k, then you're out (PDT rule) unless you have an open position that brings you back above $25k. I know what it's like to drop below $25k in a real account and I definitely wasn't up for taking huge risks when I was sitting on the edge of being locked out again. I know it's hard for the sim to capture how to feels to trade a live account, but we should strive to make the contest as accurate as possible. Your future live account will thank you for it.
We has a great time (drinks, food, and fellowship) at our 1st BBT Chicago Meetup at Miller's Pub on July 21, 2018! Now it's time to plan BBT Chicago Meetup Round 2 featuring special guest Dr. Andrew Aziz in person ! Where do you want to meet (should be close to public transportation and parking)? What date and time works for you (during the fall, before winter holiday)? Anything topics you want to focus on at the next meetup? Any other issues or concerns? Please chime in my fellow Chicagoans and let's have the most productive and fun meetup yet! Regards, Miguel Angel Chicago, Illinois