Questions

[StockBuster 0]

Hi I am fairly new and have a few questions:

 

-In Andrew's book he emphasizes the importance of real-time data which I get through IB, but where do you access this? Are you frequently looking at this during day trading?

-I haven't found a clear way to see the profit and losses from my trades through IB. Any suggestions?

- Andrew also talks about the importance of Hot Keys. I have just been using the green and red buttons in my montage which I setup to trade a certain dollar amount. Is this OK or is it more beneficial to actually hit something on your keyboard? 

Jake

[StockBuster 0]

Also, does anyone know how to edit the information that is displayed on the footer of the chart in DAS Pro?

[Justin 264]

15 hours ago, Jacob Odegard said:

Also, does anyone know how to edit the information that is displayed on the footer of the chart in DAS Pro?

Unfortunately it is not editable....

Edited June 11, 2020 by Justin

[Justin 264]

16 hours ago, Jacob Odegard said:

-In Andrew's book he emphasizes the importance of real-time data which I get through IB, but where do you access this? Are you frequently looking at this during day trading?

He simply means, when you sign up for a broker, like IB you are getting real time Level 2 data (your montage and the resulting price action in your charts). Some brokers data can be delayed up to minutes, which doesn't allow you to make real time decisions needed in day trading.

16 hours ago, Jacob Odegard said:

-I haven't found a clear way to see the profit and losses from my trades through IB. Any suggestions?

If you want to see everything including commissions and fees create a new template

Reports / Tax Docs

Next to Custom Statements Click the +

Enter a Statement Name

Under Sections select Check Commission Details and Trades

Under Section Configurations select No for everything

Under Delivery Configuration select HTML and Daily

Now under Reports / Tax Docs > Custom Statements you will see your new custom report which you can run by clicking the Right Arrow Icon

17 hours ago, Jacob Odegard said:

- Andrew also talks about the importance of Hot Keys. I have just been using the green and red buttons in my montage which I setup to trade a certain dollar amount. Is this OK or is it more beneficial to actually hit something on your keyboard? 

Yes, hotkeys are highly advised! We have some great hotkeys created by Kyle that will help you with your risk management in trades:

 

[StockBuster 0]

On 6/11/2020 at 11:08 AM, Justin said:

Thank you!