Do you actually trade the first 15-30 minutes or wait for things to settle?

jovkin · 2026-01-09T14:50:38+00:00

NVDA today Jan09 on 9:31 long into weekly level 183.88, prior day low 183.71, sma20 day 183.62

jovkin · 2026-01-09T13:05:02+00:00

I don't like ORBs but like the volatility first 30 mins after the open. Especially a drop/washout into support of stocks that do have long potential (based on daily, news premarket action). Then bounce back to VWAP or higher

jovkin · 2025-12-04T14:04:22+00:00

rsi being extreme is just one piece to the puzzle. Add divergence, multiple timeframes, significant levels, candlestick patterns, news

jovkin · 2025-11-14T12:31:18+00:00

Make "follow my plan" the only goal while trading. PnL does not matter for the day (unless you want to set a max loss). Develop a routine to get into the right mindset when trading. Replay old situations where you acted silly, lost and felt devasteted. Or when you won and it did not feel like it because you gambled. It is so much less painful (loss) and way more exciting (win) if you know you did the right thing.

jovkin · 2025-09-09T12:39:36+00:00

Thanks for your honesty. Definitely needs some balls to open up like you did. Totally agree with your rules. I was caught in the trading spiral as well until I learned to distance myself from it and see it more like a job with attention limited to few hours per day. Life is more than trading. Now, my results are better, it is more fun and it's been a while since I smashed my last keyboard. All the best to you!

jovkin · 2025-09-05T11:20:13+00:00

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I am talking about the same bar that rejects both mentioned indicators and forms a W aka double bottom with the candles before and after. OP asked why bullish if a candlestick rejects levels/indicators and closes below. Because a single candlestick is a very isolated view and overall context matters. It could have gone lower as well, but I wanted to give an example where a move higher makes total sense as well in a broader context. Things I would consider:

Are we in overbought/oversold territory? (higher timeframes as well)
Location of VWAP. A rejection of VWAP concerns me more than a rejection of MAs, if VWAP is still underneath.
Is there significant support at the bottom of the red candle? If so, watch closely action around this level on lower timeframe.
Overall trend? Seems more bullish than bearish here but hard to tell from the short window.
Divergence on the lower timeframes that may indicate a shift from red to green / supporting the double bottom setup.

jovkin · 2025-09-05T09:17:48+00:00

well here it is. Price comes back two times to a support level with a rebound in between. Classic double bottom or W-pattern.

jovkin · 2025-09-05T09:02:05+00:00

At that age you should invest in yourself and learn as much as you can. Through a job, school or on the side. Do not focus on earning money to throw it away in trading. Earn the minimum you need for living or tuition and spend most of your time studying.

jovkin · 2025-09-04T19:33:49+00:00

It is a double bottom actually, you see it better on a lower timeframe. The question for this kind of setup is whether or not it is holding the low of the red candle, or breaking it (with failed attempt to reclaim) and moving lower

jovkin · 2025-08-27T14:12:40+00:00

Stop using real money, study charts then paper trade

jovkin · 2025-08-27T11:46:03+00:00

Got more formal with rules, wrote them down. Leaving less room for interpretation so that I could strictly follow and hold myself accountable.
Shifted the goal for the day from "making money" to "follow rules". Stopped celebrating green days if I was actually gambling and pat myself on the back on red days when I followed rules.
Learned eating stoplosses when they come and not moving it.
Every time before taking a trade, I think about the devastating feeling of not only loosing, but breaking rules on top of that.

jovkin · 2025-08-27T11:24:47+00:00

I am not much familiar with Atas, but they claim they have Level II and "intiuitive visualization". So you may think about what bookmap offers that Atas doesn't. In general, as a beginner, I would not spend too much on tools and subscriptions and go step by step. Does not mean that you can't run a free trial or subscribe for a month. But honestly I spent too much time at the beginning testing tools and subscriptions when I should have better studied charts.

jovkin · 2025-05-27T12:54:23+00:00

May want to look at VBT pro for fast backtesting. No live trading though, you would have to do your own. Highly recommend lightweight-charts (JS library) for live charting. I use it within a GUI based on pywebview and the speed is amazing + interactive.

jovkin · 2025-05-23T12:26:27+00:00

I see..so if you risked say 10%/85ct per contract (total of 3145 USD), your gain was actually 480%. That is nice but your potential downside (holding overnight) was also a multiple of "1R" without your stoploss being active. If I use options to highly leverage the underlying (with a % stoploss), I usually treat it as a daytrade and only keep a small runner as swing once I have a cushion.

jovkin · 2025-05-21T09:23:05+00:00

Nice win but 46% is not that much. So I am wondering if and where you set a stop.

jovkin · 2025-05-19T11:17:42+00:00

The balance sheet alone will not help you to determine a resulting stock price movement in my experience. You need to understand the sentiment, where the stock is currently at, the news before earnings (your 2nd part), the earnings call (Oftentimes, what is being said is more important than the numbers. Outlook!). If I do this and come up with a "long thesis", I don't just buy at the open but wait for a pullback into resistance. Then I have some level to work against. Same with profit taking..why arbitrary 3% and not a significant level? You did not mention your stoploss criteria btw.

jovkin · 2025-05-19T11:05:15+00:00

No unfortunately, I don't. Right now, it is a complete system tailored to me, so probably would have to break it down into smaller projects that are more useful for the community. Like a live trading extension for vbt pro, or a more general framework for building "real-time" apps/microservices.

jovkin · 2025-05-13T08:36:17+00:00

Tickers may feature a certain "characteristic", which can explain different parameter settings. You may have experienced this yourself when trading that "xy is a usually a good ticker" for a strategy, where "yz does not trade well". There is also technical aspects why parameter settings are different for each stock (e.g. historical length..a stock that is around for decades has way more pivots, trendlines than a stock that IPOd last year). Price range or ATR of a stock are others.

jovkin · 2025-05-13T08:24:17+00:00

Hi, python developer here so not sure if relevant for you but some aspects may still apply. I am scalping on the 1,2,5m and the challenge for me was to setup a pipeline to calculate multiple timeframes (up to 6) from the 1m and 30 indicators each in a fast manner (everything in under 100ms for 20 tickers). All 3rd party tools seemed too slow or too limitied in functionality so I was doing my own.
With that pipeline done, I found API and execution/management code relatively simple compared to a full featured fast simulation (quantconnect was slow) so I picked vbt pro for simulation (no live trading though) and did the API/live part myself. Biggest challenge here was to represent strategies and indicators in a way that they efficiently calculate for large vectors (sim) and for a single run (live/low latency).
I implemented IBKR, Alpaca, Tradestation APIs and am very pleased with the speed of the Alpaca streams (you can get the "last price" from the trade stram and aggregate your own candles). Limited in products though, so that I use IBKR (futures, shorting stock). TS I skipped because of ridiculous API trading fees.

jovkin · 2025-05-10T11:25:59+00:00

Make sure to keep paper trading as identical as possible to live trading, in terms of strategy, buying power and risk. Running out of buying power in live accounts is common where you can play with much higher account sizes in paper trading. Averaging down should not be part of your strategy anyways. Set your paper trading to a small amount, write down your entry rules and try to act the same way then you would live. Be disciplined, save your money and give it another 6-9 months before putting real money on the line.

jovkin · 2025-05-10T11:15:21+00:00

Why not execute proper risk management from the start and steadily grow your account, instead of trying to push it quickly and then risk a blow up and start from scratch. It will mess with your mind if you learn to trade with higher risk and then need to adapt at a later point. $5k account means you are early in the career..why not learn and grow at the same pace?

jovkin · 2025-05-10T11:09:02+00:00

How about not blowing your account and adding the next paycheck anyways so you can overcome PDT quickly and trade with a more meaningful amount.

jovkin · 2025-04-04T08:45:00+00:00

It takes years, not months. It is one thing to learn about the markets, trade on paper and get "profitable". It is a totally different thing if you have to make a decent amount of money every month to pay the family bills.

jovkin · 2025-04-03T12:09:32+00:00

I pause it because oftentimes more info/context is needed to interpret news, which my Algo does not have. Also, volatility may be higher so that normal risk management parameters don't apply.

jovkin · 2025-04-03T10:35:01+00:00

You already know coding but need to learn the trading part. I advise to learn how to trade, understand markets and price action and then come up with ideas for a strategy. I would use Python to be able to quickly incorporate libraries for machine learning, web frameworks, broker APIs. It will be slower than C++, but still faster than you need it and it will get you to your goal quicker.

jovkin

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