Data Analytics - Kansas City - StockMarket

RealDayTrading Live Chat Strategy: 5 Tips for a Productive and Respectful Trading Experience

Welcome to RealDayTrading Live Chat!

***Please familiarize yourself with the rules and etiquette guidelines before participating.**\ *

Etiquette:

Please read our wiki. If you have not read our wiki in its entirety yet, we encourage you to observe the Live Chat at first. Once you have familiarized yourself with the wiki, post trades that are only in alignment with the strategies and methods outlined in the wiki. Every posted trade must have an entry and an exit. If you do not post an entry, do not post an exit. Trades must be posted in REAL TIME. If you have a question regarding someone’s trade, please do not ask them in the Live Chat — instead, create a comment in the Weekly Lounge Thread and tag the trader. If a Verified Trader or an Intermediate Trader questions or deletes your trade, do not post any subsequent actions taken on the trade (exiting for profit, loss, scratch). Any feedback made on your trades are done only with your best interests in mind. Please remember that this is a learning environment, not your personal proving ground. If you believe that somebody’s trade is unsound, please comment on the trade in a constructive manner that aligns with the strategies and methods as described in our wiki. Furthermore, please refrain from making excessively speculative comments on the market. Examples of constructive comments: “AAPL looks strong right now, but I am concerned about the SMA right above” or “I like that WMT long but it seems to be getting weak against SPY, keep an eye on it” Examples of unconstructive comments: “Why did you make that WMT trade?” or “AAPL is going to the moon!” Example of acceptable commentary: “Market is very bearish today eh” Example of overly speculative commentary: “I think the reaction to the CPI is an over-reaction and we will bounce back up.” ​

Staying on topic during the session:

All comments during market hours should pertain to live trades or stock call outs (see: Etiquette point 5). Comments that do not adhere to these standards are subject to deletion at the moderators’ discretion. If you wished to add context to your trades, please keep them as factual, technical, and concise as possible. If you wished to post EOD stats, please be sure to include win rate and profit factor, and only do so after the market closes. Discussion is allowed during the pre-market and post-market hours, but please be mindful of the subreddit rules. ​

Format for posting trades:

If Long stock: Long XYZ $102.40 If Short stock : Short XYZ $102.40 If Calls: Long XYZ 100 Strike, $3.50, 3/18 Expiration (no need to say “Calls” or “Long” again) If Puts: Short XYZ Long 100 Strike Puts, $2.59, 3/18 Expiration If CDS: CDS XYZ 95/100 for $1.89 (no need for Expiration Date unless it is not same week) If PDS: PDS XYZ 100/95 for $1.56 (no need for Expiration Date unless it is not same week) If exiting trade: Took profit / loss / scratch XYZ If placing limit order: Offering or Bidding XYZ at $102.40 Format for posting commentary:

Watching XYZ, [notable technical event or movement] (if you are watching a stock, consider elaborating why you are watching the stock) XYZ! to highlight a stock that is showing a significant move up or down News that is affecting XYZ News that is affecting the market Lingo/Jargon:

Please scroll to the end of the Wiki landing page for a list of lingo and jargon used by members in the chat.

*Please be mindful that moderators / traders are also focusing on their own trading as well. Comments that violate our etiquette or rules will be deleted. Repeat offenders initially warned, and further offenses will lead to a ban.\ *

***PLEASE READ THE WIKI BEFORE COMMENTING, THANKS!**\ *

submitted by /u/AutoModerator

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