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3 Months Simulator: Andrew Aziz

The document provides a disclaimer for BearBullTraders.com stating that they are not a registered investment advisor and do not provide personalized investment recommendations. It discusses the goals for a new trader in their first 3 months of simulated trading, which are to learn patterns and practice risk management, not to expect to make a living. It outlines the trader's education package, which includes biweekly sessions to learn order types, indicators, and strategies, and emphasizes using a simulator for an extended period before live trading.

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ashish_655729
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159 views25 pages

3 Months Simulator: Andrew Aziz

The document provides a disclaimer for BearBullTraders.com stating that they are not a registered investment advisor and do not provide personalized investment recommendations. It discusses the goals for a new trader in their first 3 months of simulated trading, which are to learn patterns and practice risk management, not to expect to make a living. It outlines the trader's education package, which includes biweekly sessions to learn order types, indicators, and strategies, and emphasizes using a simulator for an extended period before live trading.

Uploaded by

ashish_655729
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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3 Months

Simulator
ANDREW AZIZ
Disclaimer
BearBullTraders.com employees, contractors, shareholders and affiliates, are NOT an investment advisory service,
a registered investment advisor or a broker-dealer and does not undertake to advise clients on which securities
they should buy or sell for themselves.

You understand that NO content published as part of the BearBullTraders Room and its Website constitutes a
recommendation that any particular investment, security, portfolio of securities, transaction or investment
strategy is suitable for any specific person.

You further understand that none of the creators or providers of our Services or their affiliates will advise you
personally concerning the nature, potential, value or suitability of any particular investment, security, portfolio of
securities, transaction, investment strategy or other matter.
What you want to get after this 3 months?

Traders want result fast because:


1. I do not have time and need income.
2. I do not have enough savings to wait and practice
3. I heard it is easy. ( Trap: industry marketing)

One trader emailed me said: “I can not afford to trade in a simulator, I need to
go live now….”.

Do you think he is still trading?


What you want to get after this 3 months?
I will become a trader and can make a living out of it. NO! (possible but unlikely)

You will learn how to plan your trading business and if this is for you or not.

Are these professionals profitable in 3 months?


Trading career is no different…..
As a beginner trader your goal is to simply:
1. Learn how to recognize trading patterns
2. Practice good execution and risk management (proper size and stop loss)

You should learn these with little or no money at risk.


Trading education is actually really cheap compare it to other business:

Trading education:
$450 + 6 months practice
(no, you are not guaranteed any income after)

Now compare…

Many professional degrees:


+$20,000/year + few years school
(and still not guaranteed any income)
3 Stages of Trading Education
1. Mechanical Aspect
• Learn how to use your tools: Broker, Platform (DAS), Hotkeys, Scanner, Chatroom, Journaling etc

2. Technical Aspect
• Learn how to find Stocks in Play
• Practice strategies. Find the best that works for you.
• Practice entry, exit and stop loss (risk management)
• Practice “recognition” of trading patterns
• Position Sizing and trade management

3. Psychology of Trading
• Emotional trading
• Fear, greed and chasing the trade…
If there is such a thing as a secret to
• Revenge trading the nature of trading, this is it.
• How to deal with losses
Failure Story
Your Package
◦ Every 2 weeks, a live session with me (but you can attend as many times as you want).

1. DAS On boarding (this one)

2. Stocks in Play and Support and Resistance Levels

3. Orders, Price Action, Strategies

4. Strategies, Risk management, Psychology and how to go live.

◦ NOTE: I can not go over your individual trades, but I offer one-to-one mentorship if you like.

◦ In my opinion more expensive course are not necessarily effective (you can not buy your way into any career)

◦ Invest in a longer time simulator account instead.


DAS Platform Introduction
◦ DAS is a NASDAQ Platinum Partner: the highest market functionality

There are only 4 Platinum Partner


Order Entry Platform.
https://www.nasdaqtrader.com/trader.aspx?id=CertifiedPartners

NOTE: I am not affiliated with DAS.


DAS Platform Introduction
◦ DAS also offers live trading platform.
◦ This is critical! Trading in a simulator that is not designed for live trading is waste of money and time

◦ Important brokers are licensing DAS for their platform.

◦ Interactive Brokers: Optional for users


◦ SpeedTrader (Built-in already, platform fee being charged)
◦ SureTrader (Built-in already, platform fee being charged)

◦ Let’s go though my platform and my indicators


3 5
1 6
7
8
3 4 9

2 10
1 1: Top Loss
NASActive: Nasdaq highest volume
NASGain: Nasdaq highest gainer
NASLost: Nasdaq highest lost

LSTActive: Other listed exchanges highest volume


LSTGain: Other listed exchanges highest gain
LSTLost: Other listed exchanges highest lost

Exchanges:
NASDAQ = Q
NYSE = N (New York Stock Exchange)
AMeX = A (American Stock Exchange)
How to add more
watchlist:

Market indices:
INDU$: Dow Jones
2 SPX$: S&P 500
COMP$: Nsdq comp.
200 SMA

50 SMA Previous day close


Support/res. levels
20 EMA

Open orders
9 EMA VWAP

Last sale price


filled orders

Volume bar
Keep unchecked!
Previous day close

Anchor for linking window, charts, etc


Stock shortable or not

Hotkeys to buy and sell


Hotkeys to short sell and cover

Enter share number


before making a trade
Drag and drop to link
Account summary (will resent to 25K every day)

Open positions

L: limit
M: market Open orders (not filled): profit target, stop loss etc
SM: stop market
RG: range

Trade Log Must be below 200 ms


Check your ping speed
online
Closed P&L

Connectivity check
What to learn from simulated trading
◦ Find the best strategies for yourself.

◦ Tweak my strategies as needed. Find the best suited to yourself.

◦ Strategies might also not work over time. Learn to develop new ones.

◦ Play around with Hotkeys and indicators

◦ YOU MUST become independent

◦ Eventually you want to be independent in finding stocks in play, and trading.


Next steps
At the end of 3 months, you should be able to make a decision to:
Am I confident enough to go live? If not, continue the simulation.
If yes, start with small size. Trade only 100 shares or even smaller.
◦ Pay attention to your feelings and try to be aware of emotional decisions.
◦ Do not look at your unrealized P&L.
If necessary after few live trades, switch to simulator again.
You can increase your size slowly. BABY STEPS!!
◦ 2 weeks 100 shares
◦ 2 weeks 200 shares
◦ 2 weeks 400 shares….
Same thing but different risk,
are they really the same?

Trade in a real account


Trade in a simulator
Good luck!
(although you do not need luck for trading,
just hard work and determination)

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