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irsniem

New and lost in Wonderland

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Well, not completely lost, but I all tips and tricks are welcome, and highly appreciated! 😃

My name is Stefan (same in the chat), 37 years old and live in the Netherlands, near Breda, with my 4-year old son and girlfriend. I am a consultant, with a background in physics and business administration, at a medium-sized consultancy firm. Around half a year ago I came in contact with day trading, when I was finding my way in crypto and looking for something more stable. After reading some books (not yet Andrew's) I started watching the BBT Pre-market Prep on YT and joined a Dutch/Belgium community. Although they are doing their best, the founders of this community are not yet experienced enough to lead a community. So then I read Day Trading for a Living and last week decided to join BBT and ended up in Wonderland. In a positive sense by the way, as there is so much content to explore. 

My plan for now is, eventually, trading the 2 hours after the market opens. For me, those are the 2 hours before dinner and before my son returns from school. This immediately gives some guidance to the strategies I will be adding to my tradebook. I have finished the basic courses, I join the chatroom almost every day and now I am working my way through the essential training courses.

I started out with Technology and quickly realized I could not postpone ordering a new laptop any longer. Apparently though, connecting 3 monitors to a laptop via a docking station is not that straight forward. At this point, I am waiting for the fourth  laptop to arrive 🙈. I returned the first three after discovering that the thunderbolt connector did not support multiple monitors, as was stated on the retailers' websites. After getting my setup up and running, I plan on installing DAS, going through the Technology courses and getting all the different settings implemented. 

While waiting for the hardware, I am focusing on the Trader's Business Plan courses. I figured that would be a nice place to start. Or would you guys recommend doing something else first? After my business plan, I am planning on starting with building my tradebook.

In the past few months, I have already spend some time on the psychology part, realizing it's importance, by reading books like Trading in the Zone, Trading for a Living and Mastering Trading Psychology. Still, lots to learn on the subject, and looking forward to the psychology courses. 

Finally, to finish of this monologue 😴, I could really use your advice on what is the logical order to start at BBT. Am I doing things in a logical order, or am I missing something here? Again, all tips and tricks are highly appreciated. Looking forward to being part of this community, and if you want to know more about me, feel free to ask me anything.

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Hi Stefan, you´ll be good following the order of classes of Intro and Essential Training. For webinars, you can use the search tool in the Education Center and look for whatever you need to go deeper, like "reversals", "ABCD" , etc. 


Abiel Guerra

BBT Team

abiel@bearbulltraders.com

 @abielguerra 

Find your answers in our Knowledge Base 

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Posted (edited)
17 hours ago, irsniem said:

thunderbolt connector did not support multiple monitors,

you need this on the USB-C

 

what-does-the-d-shaped-icon-next-to-a-us

17 hours ago, irsniem said:

what is the logical order to start at BBT.


- have realistic expectations. talk to traders on how much time does it take, what is considered a success, what should be your target etc. your surprise is expected 🙂
- setup your trading workstation and hotkeys
 

 

- pick ONE strategy and practice in DAS replay mode until you have like 45% and more success rate with it

- go to SIM with real market

- do proper journaling

- do your own tradebook

- go live with no more than $10 risk per trade
- setup DAS risk controls
- find a trading buddy or group whom you will tell everything with honesty, goods and bads, show all trades (hint: usually the wife is not a good trading buddy)
- evaluate every week (i do calm saturdays morning) and adapt the tradebook (rules, risk management, entry/exit strategies)
- read about psychology and try to be self-aware during the live trading
- learn and adapt all the time
- never stop doing the above

Edited by peterB

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Thanks for your replies, Abiel and Peter! And @PeterB, especially for adding the links to handy content. 

2 hours ago, peterB said:

you need this on the USB-C

 

what-does-the-d-shaped-icon-next-to-a-us

This is what I thought, but turns out it is a bit more complicated than that. The manufacturers apparently determines if and how many external monitors are supported. One of the returned laptops had a thunderbolt3 port, but the manufacturer decided not to apply the multi-monitor protocol. Now I'm waiting on a laptop with a thunderbolt4 port, of which the manufacturer has confirmed all protocols are present. 

2 hours ago, peterB said:

- find a trading buddy or group whom you will tell everything with honesty, goods and bads, show all trades (hint: usually the wife is not a good trading buddy)

By chance, my girlfriend was reading along when I came to this part of your reply.. 😂 We had a good laugh about it. No worries on this part though, as we've been through so much together. 

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ok tell her you lost 10k in a month how you go through

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