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First, welcome to the community! We know day trading can be an exciting proposition and you’re eager to get started. But take a step back, read this post, learn from the free resources we have available and ask good questions! This will put you on a better path to being successful; but make no mistake - it is an extremely hard and difficult one. Keep in mind this community is for serious traders wanting to learn and talk with fellow traders. Memes, jokes and loss/gain porn is not allowed. Please take 60 seconds to read the sub rules. Getting Started If you’re looking where to start and don’t know much about day trading, please read our Getting Started Wiki. It has the answers to so many common questions and links to other great resources and posts by fellow community members. Questions are welcome, but please use the search first. Chances are it has been asked and answered - we can’t tell you how many times the same basic questions are asked. Learning to help yourself is a great skill to have for trading! Discord We also have an awesome and active Discord server for the community! Want a quick question answered or a more fluid conversation about trading? This is the place to be! The server also has a few nice features to help make your morning go smoother: Daily posting of a news watchlist A list of the most popular symbols traders are talking about The weekly Earnings Whispers’ watchlist Commands to call up charts on demand ----- Again, welcome to the community! submitted by /u/AutoModerator [link] [comments]

I kept looking for a real trading mentor — someone to help me actually improve — but all I found were flashy charts and overpriced courses teaching me how to lose… just a little slower and with more confidence. :) So I wrote this simple prompt to turn ChatGPT into something better: a trading mirror that actually challenges my thinking instead of just agreeing with me. ⸻ My Trading Mentor Prompt (you can steal it): Act as my trading mentor. Don’t give me trades — help me think. Ask tough questions, challenge my logic, and keep me accountable. Focus on mindset, risk, and clarity of edge. No fluff. Start with questions like: • What’s your current setup or system? • What was your last trade and why? • Did you follow your plan or go off-script? • What’s your actual edge? How do you know it’s real? • What’s really holding you back right now? Then go deeper: • Spot flaws in my logic or risk approach • Push me to journal or rethink decisions • Suggest ideas, not trades ⸻ Honestly, it’s helped me more in than any server or guru video ever has. Try it, tweak it, improve it. And if you’d add something, let me know — I’m still learning too. submitted by /u/Acceptable-Pop-7791 [link] [comments]

How can I avoid getting stopped out then it moving in the way I analysed, do I just need a wider SL? submitted by /u/Opening-Apartment478 [link] [comments]

Trying to hone my TA skills. Any advice for things I can tweak? submitted by /u/Tallpaul1989 [link] [comments]

I’ve never been “unprofitable” Inconsistent yes, but never been in debt to the market Been trading since 16yrs old— here’s the way I approached the market to reach consistency faster than 97% of traders Paper trade The first 6 months of my journey was paper. This allowed me to truly understand the market, a strategy, find somewhat “consistency”, and have confidence Essentially becoming a winner on paper before putting any real money on the line Stick to the basics I watched a bunch of rayner teo videos and never looked back • support & resistance • breakouts • break & retest No fancy indicators, no complex strategies Trading is only complicated if you make it complicated Not changing strategies Never once have I ever completely changed the way I trade I picked something that I knew worked and practiced until I nailed it down The only thing I’ve done is add orderflow to my trading— but i’m still trading the same way, just with confirmation Avoid trading social media I was able to avoid changing my strategy, the non-sense info that gets posted on here, and the feeling of doubt because I didn’t find out about fintwit until around 8 months into my journey when I was already live trading Do not trade creatively I always had my levels— I only took trades at those levels If we weren’t trading at my levels, I’m not taking a trade- simple as that Taking creative trades is a skill within itself- instead have a plan and stick to it, it’s easier & more calm Find your edge Your edge is not a strategy, that’s not what I mean. An edge comes from within you For example early on what I believe was my edge was my confidence. I would take everything I liked and felt was good. I wasn’t scared to take a loss, and I wasn’t scared to trade Followed my rules strictly • No trading fridays • No averaging down • No creative trades • If it’s not broken don’t fix it • Same risk every trade • No trading news days • Trade what I see, not what I think There’s much more but this is some Orderflow I was “profitable” but consistency wasn’t there Orderflow is what made me consistent and EXTREMELY confident + have logic behind everything If I didn’t discover this as early as I did, I would still probably be a boom & bust trader who knows Discipline I never struggled with this, but sharing because I think it played a huge role in my success If you’re lazy and undisciplined, you will never ever become profitable Having a disciplined life, will translate into your trading Emotions This was my biggest challenge after paper trading for 6 months I fixed it quickly: How? If your dumb decisions are the only thing holding you back, wake up & realize that you will never become profitable until you stop being dumb It’s really that straightforward Bonus: Things I DIDN’T do to become profitable Read trading books (still haven’t read a single trading book) Journal— but I started a couple years ago and would totally recommend it, would’ve helped me a lot back then Buy courses/discords/mentorships submitted by /u/michaearias [link] [comments]

I’m 13 and I’ve been lucky enough to be given access to some incredible course material. I have just finished learning about technical analysis I still currently don’t have a strategy yet so this is pure technical analysis. submitted by /u/BigOdd4799 [link] [comments]

I’ve made it a goal for June to trade every day after being choppy my first two months, even if I just trade a few shares and go for $50-100 profit for the day. Have grown the account to about $38,000 now from $15,000 in the beginning of April. submitted by /u/JeTiXoriginal [link] [comments]

Hey everyone, I’m currently working on algorithmic trading and building my own quantitative trading system. I’ve been focused on the NQ Futures and discovered some time-based market patterns through deep backtesting. My market theses alone (without any entry logic) show strong statistical significance: • One thesis had a 70–80% hit rate over 1,400+ trades • Another had 70% over 4,500+ trades This clearly indicates that my ideas are not based on randomness. However, when I try to apply entry logic to capitalize on these patterns, things get difficult. While the entry strategies I’ve built consistently beat random walk simulations by 10–20%, the actual performance is still poor. In the best case, a strategy hit €1,000,000 over 18 years — but with a K-ratio of -44%, which is obviously terrible. Most of the time it’s closer to breakeven. So here’s my question: Do you know of any reliable entry techniques I could test that might complement a strong time-based market thesis? I’d really appreciate any suggestions. And if I manage to get something consistently working, I’d gladly share the working algo with whoever helped the most. Thanks! submitted by /u/Equivalent-Cable9992 [link] [comments]

Over the past few weeks, I've managed to have the best trades I've ever had and money came really quick. I had a trade where I made 33% of my portfolio in about a minute and I'm not used to making money like that. What worked was I really spent a lot of time analyzing the chart, technical analysis, making a quick entry and exit. I'd spend hours watching the charts to identify a quick clean entry and exit. These were off small caps. I had some lousy losses in the past from being a beginner before this, and it felt so good to finally do well. Way too good, I got greedy. I had one trade where I sold too early and I saw that stock went up 400% after I sold (KLTO). That got to me like really got to me, it stung. The next day I bought in again and didnt sell when it was up because I wanted it to hit $4 and ending up losing an amount because of this. The whole situation really messed with my head and was hanging over head all week. After this, I managed to get myself into some serious losses and drawdowns that were all preventable. I made all the classic mistakes, trading big positions during after hours, getting desperate when I was losing and jumping on anything high momentum, the losses grew because I was breaking the rules I made. Now I'm at a point where it's clear that my mindset is seriously limiting my success. I kick myself every time I see a stock go up hard after I sell it, and at the same time I have a hard time quickly exiting when something I have is going down rapidly. I also have a hard time taking the small profit when im up. I see I'm up a little bit and hold too long, and that nice profit can turn into a large loss very quick. Naturally all these mistakes are pretty deadly. I'd be appreciative for anyone's thoughts and feedback, whether or not you've been here. submitted by /u/Onebadosteopathswag [link] [comments]

Hi all, I’m 17 turning 18 in August. I’ve been looking into various sources of income and trading forex has definitely caught my eye. I want to start learning, but with social media I see and hear so many different opinions on how I as a beginner should navigate learning. I don’t want to join any courses (yet) and I want to build my foundations first before I move onto anything complex. Are there specific videos / sources of knowledge I should 100% consider / look into? I’m aware I’m not yet old enough to open any accounts, I’m considering using a parent’s name/account to paper trade whilst I’m still learning then eventually opening my own account. submitted by /u/fangsii [link] [comments]

I take a single trade in a day and its been bugging me . I am a beginner so should i take more trades like 2-3 to gain more experience or should i keep it 1 submitted by /u/Competitive-Many-570 [link] [comments]

This model might not suit everyone, but it’s helped me avoid low-quality trades in choppy conditions and consistently capture clean directional moves that align with the weekly trend. The model is built on two core components: • Weekly Opening Range (WOR) • Volume Order Blocks (VOBs) Weekly Opening Range (WOR): This is simply Monday’s high and low. As long as price remains within this range, the weekly candle is forming a Doji—indicating indecision. For the weekly candle to expand directionally, price must break out of Monday’s range. That breakout is what I base my directional bias on. Volume Order Blocks (VOBs): Unlike standard order blocks (which often lack any proof of institutional activity), these candles are printed with extreme volume, giving us strong evidence of smart money participation. Here’s how I read them: • Red candles = High volume, wide spread > Likely aggressive institutional activity • Yellow candles = High volume, narrow spread > Likely absorption zones • Blue candles = Low volume, wide spread > “Trap candles” with low conviction I use red/yellow VOBs as support/resistance zones. Once broken, I expect these areas to be defended, so I look for retests to initiate trades. How I Use the Model: • No trades on Monday — I wait for the WOR to fully form • Wait for a clean daily close outside the WOR — This is my First Expansion Day • Look for a retest of a 1H VOB • Drill down to the 5-minute chart for my entry criteria Final Notes: • This model applies across all markets — futures, crypto, forex — as long as you’re patient and selective with entries • Sometimes, the WOR gets violated on both ends without any follow-through. When this happens, I zoom out to the weekly chart and usually see a big Doji (long wicks, small body), confirming indecision for the week. submitted by /u/SmartMoneySniper [link] [comments]

I am a mother of two children, which further encouraged my interest in daytrading. Additional income, security, etc. However, after unsuccessfully burning 12,000 euros, I lost hope and felt huge guilt that I had squandered the family's savings like this. After some time, giving myself months to think, last week I started with 100 euros in the account. I finally realized that I would not become a millionaire in a day, so I need to act slowly and systematically. Of course, I am still learning, but the fact that I have been in the plus all week and did not burn my account is a huge achievement and pride in myself! submitted by /u/ssinasia [link] [comments]

This isn't a day trading question, more of a general investing one, but I have lost about 50% of my money doing crazy risky trade in the last few years, and I have finally come to my senses and started trading in really really small amount, like, 2% of what I used to trade in the past, and investing in really safe comapnies, hoping I can learn something from it before I invest big again. Is this a stupid or sound strategy? submitted by /u/ueommm [link] [comments]

I was watching a video yesterday on price action. Al said that the 18th bar, beginning at the start of the day has an 80-90% chance of already making the high of day, or low of day. I thought he meant the 18th bar/candle on a 1hr but Google says the 5 min. Anyways, anyone ever practice this, any thoughts? submitted by /u/Level-Blueberry9195 [link] [comments]

Getting closer to the 1st index futures settlement date since i started trading. I was wondering what does the market usually do with a week left in this contract. Does most people switch to trading the September contract? Is the final week of the June contract even more volatile or less volatile than before? submitted by /u/Many_Ganache2293 [link] [comments]

How many accounts you've blown before reaching profitability? How much you've invested before making trading your main income? For me I saw some results after my third year but it was the forth year when I really became profitable. Do you feel like quitting trading? I had 24 blown accounts before my first payout and in the end it was all worth it. submitted by /u/Green-Medicine-4754 [link] [comments]

If anybody could share their insight on this trade would be appreciated! Smart money finessed big time! 😅 submitted by /u/Tani2888 [link] [comments]

step 1: “innocent and blissfully ignorant” this is the very beginning when you step into trading. you know trading is a good way to make money because you’ve heard stories—about millionaires and all that. unfortunately, just like when you first started driving, you think it’s easy—until you realize how truly difficult it is. the market goes up and down… what’s the secret in there? let’s find out! but soon enough, like the first time you sat behind the wheel, you quickly realize you don’t have a shred of skill to do this. you trade a lot and risk way too much. you open a position, it moves against you, so you close it, open another one in the opposite direction—only for it to move against you again… and on and on. you may see a few early wins, but that’s worse than nothing—it tricks your subconscious into thinking, “oh, trading is easy.” you start risking even more. you want to get back what you lost, so you begin doubling down on every trade. you win a few times, but mostly you get battered—you lose heavily. you forget that you have no real skill in trading. this stage typically lasts a few weeks. the market shifts quickly, and you rapidly move into stage 2. step 2: “realizing your own inadequacy” in this stage, you recognize that trading requires a lot—skills, knowledge—and you need to learn. you realize you have no real trading skills, no foundation to make consistent money. you start buying systems, e‑books, visiting trading websites—all hunting for the “holy grail.” you become a systems tester, switching methods day after day, never sticking long enough to see if they even work. every time you find some indicator, you trick yourself into thinking it’ll make a difference. you test systems, use moving averages, fibonacci lines, support and resistance, pivots, rsi, dmi, adx, and hundreds more—hoping your magical system will work instantly today. you try to catch tops and bottoms precisely with your indicators, only to realize you’re losing even more, convinced your system is still right. you see other traders making money, and you wonder why you cannot. you ask countless questions—some so ridiculous they embarrass you later. you come to believe that all profitable traders are liars. “there’s no way they’re winning—if i tried everything i know, why are they winning and i'm not?” but they keep winning day after day, while your account drains. you're like a stubborn child. traders give advice, but you ignore it, continue overtrading, even if people call you crazy. you buy signals from “teachers,” but that doesn’t help. no matter how skilled the teacher is, you still lose—because nothing replaces experience, and you still think you “know” it all. this stage can last a very long time. from casual conversations and personal experience trading, stage 2 often lasts 1 to nearly 3 years. it’s during this phase you want to quit. around 60% of new traders drop out within the first 3 months—and that’s good, because if trading were easy, we’d all be millionaires. about 20% stick around a year—and blow their accounts. the remaining 20% endure the full 3 years—and even then, only 5–10% move forward to sustainable profits. these are real numbers, not guesses. even after three years, it’s hardly smooth. talk to traders who’ve been doing this 5+ years—none got there fast. there may be exceptions, but i’ve never seen one. step 3: “the eureka moment” at the end of stage 2, you realize that the system isn’t what makes the difference. you discover you can actually make money with a single moving average—nothing else—if you pair it with proper mindset and money management. you start reading about trading psychology, empathizing with characters in those books, and finally you hit that “eureka” moment. this moment connects to something deep within you. you suddenly realize that nobody can predict the market a few seconds or even 20 minutes ahead. so you stop worrying about what others think—how news will affect the market. you develop your own approach. you focus on one system, refine it in your own way, and begin to feel confident in your risk thresholds. you only take trades when your system shows a high probability setup. if a position goes against you, you don’t get emotional—you know you can’t predict, and you quickly close losing trades. the next trade—or the one after—will have a greater chance of winning, because you know your system works. you stop obsessing over each trade’s outcome and start evaluating performance on a weekly basis. you understand that one bad trade doesn’t mean your system is broken. in a flash you realize the only variable in trading is consistency and discipline—follow your system rules, every single trade, no matter what. in the long run, you’ll come out on top. you learn about position sizing, leverage, how much to risk per account—you truly get it now. you smile, remembering those who warned you a year ago. you weren’t ready then—but you are now. the “eureka” moment hits when you truly accept that you cannot predict the market. step 4: “conscious mastery” now you trade only on your system’s signals. you approach every trade the same—win or lose. you embrace risk so winning trades can fully develop—because you know your system makes more money overall—and you swiftly exit losing trades so they don’t hurt your account. at this point, most of your trades end around breakeven. you have winning days and losing days, weeks with +100 pips and weeks at –100 pips—overall, you break even and preserve capital. you know you’re on the right path. you keep thinking about your trading process. over time you begin to make slightly more than you lose. you might win 20 pips one day, lose 35 pips the next—and you don’t worry you’ve given back your profits, because you trust you’ll get them back. soon you’re making consistent profits—25 pips one week, 50 the next—and it goes on. this stage lasts about six months. step 5: “unconscious competence” like cooking or driving—each day, you trade and everything happens almost automatically. you perform without thinking. you start taking larger trades, and winning 200 pips in a day no longer excites you more than a single pip. in an almost magical trading achievement, you’ve mastered your emotions—and now your account grows swiftly. newbies ask for your advice and actually listen. you see your younger self in their questions. you offer guidance—but you know most will forget it—immature traders, eager for fast riches. a few might reach your level—some fast, some slow—but so many never leave stage 2. a small minority do. now trading is no longer thrilling—it’s actually a bit dull. once you’re proficient, like any job, it becomes just work. your time is spent refining your method for maximum profit without increasing risk. the method doesn’t change—it improves. you develop what some call “intuition.” now you can proudly say, “i’m a forex trader.” but honestly, it’s just a job—nothing special to broadcast. remember: only 5% truly succeed. why do others fail? not due to lack of ability—but lack of endurance: inability to shift mindset, adapt, and change mental patterns when circumstances change. losers want “get‑rich‑quick,” approach the market with fixed beliefs, refuse to see the truth. i’m glad i entered trading wanting to “get rich fast.” now i view it as “get rich slow.” if you’re thinking about quitting, i have one question: “how many years would you invest in college if you knew that, once you graduated, you’d earn a million dollars a year?” take care, and i wish you good luck in your trading. (from đạo trading) submitted by /u/ProblemMajestic6940 [link] [comments]

I executed my first order trading Bitcoin with a small amount of money (50CAD) using NDAX and TradingView. I waited 15min for my setup, reviewed my strategy, then excitedly hit “buy” when it hit my support line. Immediately, got booted out of my account. Tried to quickly log back in and was hit with Multi 2 Factor authentication - which failed, so I try to reset my 2FA, but every time I try, they send a code to my email or Authenticator app it says the wrong code has been entered…. Tried about 50 times, refreshing the page, different browsers, talking to the virtual assistant, nothing. I have my correct login and password but it will NOT let me login without the 2FA, keeps saying I need to make sure the date and time on my phone is set to auto and correct, which I checked 4 times, and it is correct. So it’s an issue on their end but I can’t get anyone on the phone until Monday. The virtual chat asst is no help and keeps repeating the same things. So I have no clue what’s going on with my 50$ 😆 In a way, I consider this almost a good thing - if I had had a successful trade maybe I’d have gotten cocky or thought this was easy. Also it’s just 50 bucks I was prepared to lose. So this headache at least is a good exercise in trader psychology and how to keep my cool when things don’t go as planned? Only pisser is, it was through no fault of my own… Either way, between this and being hit with a stomach flu while trying to figure all of this out, it’s been one heck of a day…. submitted by /u/Facedownfinsup [link] [comments]

Taking a look at BTC's weekly Average Directional Index and price action, this year's bull run looks similar to the one in 2021. Both times, we had two large pumps with the second pump failing to hit a much higher high. The ADX showed lots of momentum for the first pump each time, and showed much less momentum for the second. Additionally, the RSI patterns look similar between the two bull runs: the second wave couldn't post a higher RSI than the first, a sign of divergence. Finally, tensions are rising globally -- many countries, especially the US, are being called out for fascism, Israel has attacked Iran, Israel continues its genocide in Palestine, and Ukraine is finding its footing against Russia. Global conflicts tend to lower the price of Bitcoin We might retest the ATH one more time and potentially push it a bit further, but I doubt we'll see anything above $120k. First time sharing an analysis, let me know what you think! submitted by /u/RohitRojo [link] [comments]

Do you take partial profits? Do you think it makes sense? I've seen a lot of people against it, as well as a lot of people saying it can be a good idea in certain situations.. When do you think it's not a good idea to take partials and when it is? submitted by /u/ShyLimely [link] [comments]

Just wanted to throw this out there for any newer traders who might be struggling right now or wondering why this isn't clicking as fast as they thought it would. Trading isn’t hard because of the charts or indicators or figuring out setups and strategies because all of that stuff, you can learn. What's hard is: Taking a loss and not revenge trading. Seeing green and not getting greedy. Sticking to a plan when every part of your brain is screaming to do the opposite. Journaling your trades when it feels like a spotlight on your worst decisions. Sitting out of the market because there’s no clean setup, even when you really want to take a trade. Most people don’t make it because they underestimate the psychological war this game becomes over time. You need discipline, emotional control and a system you can repeat without guessing. You need to learn how to: Close the trade when you're wrong. Don't take a trade when there's nothing to do. Survive long enough to actually learn from your tracked data. (Journal) Profitable trading is boring. Like really boring. You just keep repeating the same setups, over and over and over and over.. you get the point. The market doesn’t owe you anything, but it definitely will reward you if you're consistent. Good luck out there! (If this post helps at least 1 person then I'll consider it a W) submitted by /u/allen_trades_rddt [link] [comments]

Three questions for intraday Playing Only one instrument in Intraday is profitable? Is Algo intraday tradings gives consistent profit ? If yes how much % profit can get from the margin involved? Intraday trading for consecutive days is profitable? submitted by /u/Whole-Lawfulness-368 [link] [comments]

I’ve been watching markets for over 5 years now, just got the confidence to start using real money to day trade. Prior to this ive made a decent amount of money through LT investments and crypto. But been day trading since about 3 months ago and have already blown just just over 1/4 of my account trading futures. I literally thought this would be easy and that my emotions wouldn’t get the best of me. I kind of have a trading strategy but its like a list of 15 rules and reminders i need to follow. I mostly dont even go over it first thing in the am before the opening bell, which im definitely regretting now. But once im down $200 i size up and try to get it back. Just not sure what my best option is from here. Its taking away from my work because I have an office job but for example, today, I was up trading one contract of MES, was up about $100 but then lost that and ended up trading more, down $200 then down $500, then down $800. Essentially switched to MNQ to try it, sized up and royally fucked myself. Now im down in the dumps ffs. Just want to do this right ffs. Any advice would help. For anyone thinking they are different than anyone else and that this is (i dont wanna say easy) but “easy” trust me its not what you think. Ffs. submitted by /u/C_WEST_902 [link] [comments]

Guru is a Sanskrit word. Actually it's an English word translated from Sanskrit. Very loose translation. Gu means darkness. Ru means light. A guru is one who leads others from darkness to light, from ignorance to wisdom. Modern version of guru. In the darkness your pockets will become light.😂 It's a stock market guru joke if anybody didn't get that. submitted by /u/1UpUrBum [link] [comments]