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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]

For anyone who might be struggling, don’t give up. I’ve been trading for 7 years now, and have had my ups and downs but I’ve always taken any mistake made and made sure to correct them and move forward. I lost thousands when I first started, and felt like giving up most of the time! At the end of the day, trading can truly change your life, and it has surely changed mine. I’ve shared my strategy many times here on Reddit, and I encourage everyone to go and study some of my previous posts, and implement this into your daily routine, THIS is what can happen if you have the discipline and motivation to do better. Just wanted to motivate some of you to keep going, and never give up, the future is very very bright if you just focus. Happy Easter to you all! submitted by /u/Scary-Compote-3253 [link] [comments]

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Adds a whole other emotional aspect to the game. Let’s talk about it, how it’s designed to keep retail traders poor submitted by /u/LimpCatch1533 [link] [comments]

I just want to be realistic for a moment, and this is going to suck to hear for many of you. Most of you will not succeed in trading, and most of you will quit. There is a 3% chance you will be a profitable trader. The market is ruthless, it does not give a shit about you. It doesn't care that you want to retire your mother or that you want to be financially free. Most of you go into the market as though you're betting on a horse race, gambling your savings away. The market doesn't care about hopes or dreams. It is up to you to learn from your own mistakes. It is up to you to adjust to the market, the market will not adjust to you. Any weaknesses you have will be exposed expeditiously. Whether you succeed or fail, it is up to you. Take solace in that or let it destroy you submitted by /u/ForwardAd6016 [link] [comments]

How much are y’all profiting daily, and how long have you been doing this? I currently scalp stocks, in and out in 1-2 minutes for most trades. Profitable 90% of the time for the last week, with a strategy I backtested paper trading for a week. I’m new to trading & completely understand everyone’s journey is different. However, I’m looking forward to years of trading & want to hear the positive/negative. submitted by /u/tejasmijas [link] [comments]

I am learning trading for past 4 years,I leave my engineering career focused on trading,but there is no result,I am frugal in living,my frnds climb there career ladder,I am not good in career ,what I do ? submitted by /u/Dry-Acanthisitta5076 [link] [comments]

I don't even need to trade BTC anymore just looking at crypto makes me anxious. If someone says "bullish," it skyrockets. If someone says "regulation," it crashes. Technical analysis? Elon deletes it with one tweet. When I’m in a position, the market literally moves against me. Are you guys still dealing with this madness, or am I the only one who doesn’t have the guts to quit? submitted by /u/ex_OB [link] [comments]

I’ve just noticed a solid majority of new traders seem to gravitate towards futures trading. Why is this? Is it just a preference or is there more to it? submitted by /u/Blondchalant [link] [comments]

Took my first L today since March 25th as you can see this has been a crazy month but the lesson from this is that you have to accept it and keep on pushing. I’m still very green on the week and insanely green on the month, I’m actually on Track for my best month ever. But i’ve had days in the past where I let this day wipe out my whole month trying to fight and inevitable red day. Going to go enjoy the profits this week and this 3 day break from the markets come back ready to kill it next week 🍹🍾🏝️. ( I trade futures on live Webull account mostly ES some NQ) submitted by /u/keem2supreme [link] [comments]

if you want to learn how to play piano, you don't sit down on day 1 and start playing beethoven after 1 hour of practicing. it doesn't work that way you need to spend days, weeks, and months practicing. you start with the basics, how to read sheet music, what notes on the paper correspond with what keys on the piano. you learn what scales are, you learn how to press the keys. then you start learning a short section of a song you learn what keys you need to press, you start building up some muscle memory. you learn how to play the first 10 seconds of a song. then you go back and you refine it. you learn how to play that section smoother, how to move your fingers on the keys so that what you play sounds better and more cleaner, you continue to build up muscle memory then you move on to the next 10 seconds, and you repeat the process from there. then you go back and learn how to play the full 20 seconds from start to finish and clean that up some more, to make sure there are no mistakes, no pauses, no pressing the wrong keys, etc this process doesn't happen on day 1. it takes days, weeks, and months of practice. this is how you learn how to play a new instrument, it takes time. it can't be done in 1-2 hours or in just 1 week trading is basically the same thing if you want to learn how to play beethoven, which is basically what trading profitably is, then obviously it's going to take you time and practice to get to that point. nobody sits down and learns how to play a new instrument in 1 day or 1 week. that's not how it works with trading either. you need to spend the time learning about markets, learn what things you can trade, learn what bid/ask prices are, learn about technical indicators, learn about some fundamental stuff then you need to practice trading, practice using the indicators. practice placing your stop losses and take profits. pratice reading price action and support/resistance zones it all takes time to learn, absorb, and refine. it can't be done in 1 day or 1 week. that's like you thinking you can learn how to play piano in 1 week. it doesn't work like that submitted by /u/mahrombubbd [link] [comments]

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I want to show ya'll 1 of my best strategies, which is better than all that I've seen other people with. It can do high success rates and more than 1:1 RR in some market conditions. It's concept one of those that have now finally made me a profitable trader (legit track records on my profile). You can trade this strategy on all asset classes. The strategy is about trading the daily range candlestick. If you're new to trading you better know how candlesticks paint (O-H-L-C order) and should do some research on it if you don't know it. Buy trades will be placed at or beneath the starting price of day EST time, and shorts will opened at or higher than the starting price of day. I know that some of you are already being like you know this strategy so what's amazing about it, but what makes my approach unique is knowing the high probability market conditions to trade it in. When trading any asset classes besides stocks you will use 2 bias methods below that have good logic. The first way to determine bias will be trading in the against the direction of the first judas swing of day. Price algos make a fake move to send traders in the wrong direction, in the first 2 and 3/4 hours of a new York day. If price has an overall upward momentum in the first eleven candles of a day on the fifteen minute time frame this tells you that the day shall be bearish. The opposite will be true for bullish days with downward judas swings. This bias method can give you early entries from the start of the day and can give you good performance as you won't miss most of the powerful trending days, which barely have drawdown against the direction of daily bias, in relation to the starting price of day. When using on other strategies the bias works on AUDUSD and USDJPY currencies and US100 and US500 indeces etc. Although when trading my strategy you'll have good winrates on AUDUSD currency and others. A good second method you can use for bias reading is trading as the same momentum of the 1st hour of the London open session (2-3am in the morning). Price injects volatility in the direction of bias most of the times during open session time. Even though the whole London open session is 2-5 in the morning, I use it's first hour as a compass so I still get a good early for the day. An illustration of how I conclude such movements of momentum in this post would be the open price of candle of the period in question having it's 1st candle's open at a price of 1.2020, with candles in the period having the furthest low at 1.2010 and the furthest high up to 1.2035. This makes a 15 pip move highest and a 10 pip move lowest, signaling an expected bullish close and momentum for the day, if you used the bias method of the 1st of of London open session. When trading your other strategies you'll measure bias better in USDCHF currency and AUS200 and JP225 indeces and others. I won't go deeper into talking of other good Bias methods in this post so it won't be too long. AUS200 index and others respond well to the strategy of the daily range in this post. To improve RR of your trades try to also open your positions at or below the price 3:30 in the morning for long trades. Vice versa for short trades. This is when price algos usually form the first opposite end of a daily candle. This doesn't mean that you nolonger consider to also open your positions at or beyond the starting price of a day. When trading equities or their indexes (in regular market time) I use 2 methods to know bias. The weaker method to predict close of a day in USA equities is to see if price algorithms made the opposite end of the day higher or lower than the open of electronic day at 7:30 in the morning. This is the time that the highest high of a bearish day usually happens and vice versa for up closed daily candles (green). The method has less performance when forecasting bias than the other one I will mention soon in equities and may need to used with the 2nd one when trading some equities. The other 2nd stronger bias method is to look for whether price has a stronger higher or lower movement in the strongest portion of the new York open session. This will be a 30 minute period of 9:30-10 in the morning. In this window if price goes further lower, more than it went higher this assumes a bearish close and momentum for the day. I only use bias methods which have 65%+ winrate. A backtest of just 20 samples is enough, in the same market environments which you trade as consolidations and trends don't affect a higher or lower concept significantly. You can improve your winrate in this strategy by trading against the direction of the gap at the stock market opening bell for regular trading (9:30). Price usually tries to fill gaps and trap most traders who chase price and lose money, thinking a gap means they should buy, as taught by furus. I trade the strategy in this post only on instruments which have 70%+ winrates to help protect me from unexpected world events and these current tarrifs these day. I hate trading with low winrates, because you can't get a guarantee a high RR multiples with low winrate as momentum will be against you - reason of the low winrate. I've also rarely see anyone show a profitable annual track record and have never seen a 3 year track record being profitable with low winrates. It seems to be curve fitting, especially if the strategy can't do high success rates even if you try. In case our backtest results differ, you should know that I can trade daily time trend of 10 and 20 Exponential Moving Average crossovers, which try to follow institutional order flow. I prefer not to use price action trend methods as they do less trade setups, and my strategy already has daily bias concepts giving it good momentum in my favor. I also usually use the US dollar as a barometer by trading against it's higher time frame trend to give my trading more consistency and better performance. I don't trade the whole of weeks with red NFPs as price will be more fimble. I don't trade on public holidays or the morning after them and the week with Easter Monday as performance of trading will be worse. I also only trade on Tuesdays to Thursdays of a week when markets respond better to most strategies. Thursdays will have performance less than that of Tuesdays and Wednesdays and should notes in backtests to improve performance. I advise you to trade only higher performance trade setups in July and August months as those 2 months have less performance, when institutions go to holidays for the summer. I also don't trade January and December months as they have less winrates. Even the November months from 2024 going onwards in the future will have less winrates due to the political climate and other world events. You only need to backtest this strategy for at least 20 trades on a period of at least 1 year. It doesn't need bigger samples as you have good logic behind it. I hate to bother you with all my trading rules, but I want to reduce people who will come back here saying my strategy doesn't work and I'm a scammer. You can obviously add other price action concepts which improve trading performance to make more profits. It's probably best for you to use time zones of the countries where equities come from if they're not US equities. Stock indeces use EST new York time though. I'll try to upload videos with visuals and my track record. Tell me if failed to explain something without causing confusion. If you want to make higher RR multiples with this strategy use partials to target the previous day's highest high on long trades or to target the previous day's low on short. Some traders would have trailed the stop losses of their winning trades there, and smart money loves to stop them out! submitted by /u/DayIndependent7382 [link] [comments]

I know is not much, i see very good traders on this reddit but im happy to get this close. I trade in my phone in my job so is complicated submitted by /u/MasaCoqueta29 [link] [comments]

Everyone has there moments, trust the process. I don’t day trade as much as buy and hold. Contract was bought in April 16 submitted by /u/Admirable-Ratio850 [link] [comments]

what are your tips, If you have hesitation before placing an order? submitted by /u/xtreme2zero [link] [comments]

I have been sober for 4 years. I was down bad, homeless at points, multiple ODs, IV user, 20+ rehab stints etc. Recently I have experienced some negative things that remind me a lot of my addict behavior and brings me back to my using days. Nothing that is going to get me to relapse or anything like that, but treating this like gambling, not being able to quit, l obsessive thoughts, etc. Ya know, addict shit. Anyways for anyone that is in recovery, what are some ways you have been able to use that to your advantage here coming from a psychological stand point (if any)? In what ways has it hindered you? Since I've been on this trading journey I feel like there are things I can tap into from my past and from being an addict but I can't quite put my finger on it. Maybe someone here has and can point me in that direction. Trading psychology has been my biggest hurdle thus far. They say something like 3 in 10 addicts are actually able to get sober and stay sober and from what I see around here the stats are roughly the same for successful day traders. I use that as motivation, if I can get sober surely I can be a successful trader. submitted by /u/LikwidHappiness [link] [comments]

Hey all, I’m (25 yo) currently living in Australia and make about $1.2k / week from my full time job. I have savings of about $12k+, and getting started with trading. I want be able to take both short/long positions and that’s why need a margin account. IBKR won’t approve my margin account. I want to know what I should do in this case? I tried using their third party verification service to verify my financials and they just rejected my application citing: “Upon review of your independently verified financial information, you have not met our financial threshold required to be approved for margin.” I want to know what I should do in this case? Is it because I need more savings (and how much)? Am I doing anything wrong? Any help would be appreciated! submitted by /u/danbrown1233 [link] [comments]

Join me as I make a successful scalp on one of my favorite tickers. Coca Cola (KO) Photo 1: Alert received. Breaks through key resistance with volume. Photo 2: Wait for confirmation. After a couple of candles, I’ve seen enough. My conviction is high enough since it rejected this level many times before this. Enter a 4/17 $72.50C for a cost of $0.35. Price target is next resistance. Mental stop loss at -30% Photo 3: beautiful consolidation. Photo 4: breakout with volume and news release about price upgrades. Moving trailing stop loss up to new support levels. LFG Photo 5: Breaks price target level, but with weak volume. Switch to 5m chart. Photo 6: Bearish divergence. Weak volume, broken level. I’m out at $0.83. 137% gain. Photo 7: Move confirmed. submitted by /u/stringtheory28 [link] [comments]

Hey all just a question. I was looking at unusual options activity and this particular sell code and it piqued my interest BUT it sounds incredibly esoteric. I couldn't find much online but does anyone know what this means in simple English. Thanks all! submitted by /u/BowlAcademic9278 [link] [comments]

🚨 Gold Analysis Alert – What’s Next for XAU/USD? 💰 Gold is riding a strong uptrend but just hit a major resistance at $3,349 ⚠️ With RSI touching overbought levels and momentum slowing, a pullback to $3,221 or even $3,150 is on the cards before the next leg up 📉🔁 📌 Key Levels to Watch: 💥 Resistance: $3,349 🛑 Support Zones: $3,221 / $3,150 📊 Strategy: Wait for pullback to buy OR breakout retest to go long! 💡 RSI hints at a cool-off — stay sharp! submitted by /u/Far_Calligrapher_721 [link] [comments]

Hi everyone. So im a scalper and my problem is always that I have a very high win rate, but the 2 or 3 trades that go south go south quick and I've blown so many accounts that way. Here's day 1 of my Travodate PA accounts (2) and i did admittedly overtrade, but you can see the problem. I buy 2-4 minis and win rate today 93%, but my 3 losses were $800-$1400 compared to my largest win of $640. My average hold time was about the same for winning trades and losing trades, but my average loss was 5x larger than my average win. I don't use stop losses because a winning trade could very easily be down a couple hundred bucks before playing out the way I predict it will so I would get stopped out a lot on trades that would end up being successful. The problem is usually my losing trades lose more rapidly than my typical winning trade wins - if that makes sense. Fellow scalpers - do you have similar stats? submitted by /u/Stevenmj89 [link] [comments]

Hi, I'm a beginner trader currently paper trading. With a 250$ capital I am able to make 8$ per day on average. How much does an experienced trader make a day with 250$ capital? Or how much profit is expected from a 250$ capital? Thank you very much. submitted by /u/itsYaaJee [link] [comments]

Hey all! A signal is being developed over the weekend right now for the upcoming market earnings season. This is something new that's in an alpha stage, so l'm curious to see if anyone would be interested in this and wants to see the results live. This will include TSLA, GOOGL, HOOD, etc etc in the upcoming weeks. Let me know your guys thoughts in the comments! submitted by /u/Mysterious_Yoghurt58 [link] [comments]

The key for me has been making it simple as possible. So I can actually follow and not violate my plan.I am finally in the breakeven phase. Been breakeven to profitable for a couple months now, since early February. As simple as it is to say, now, I just have to do more of what works, and less of what doesn't. Wish me luck! Quick about me: Been "trading" since October 2017 Got serious Jan 2022 Emini futures only. MES exclusively. I believe risk is the most important variable. I use fixed risk every time because I don't know which trades will be winners and losers. It has to be an amount I can lose 10x in a row and not be fazed. For me, that is $75 I trade price action. I use EMAs. I use multiple time frame analysis (1d, 1hr, 5m) and look for confluence At 3.25 years in, Feb 2025, I am finally Have a safe and happy Easter everybody! Note - I will respond to every comment. submitted by /u/PeteTradez [link] [comments]

In the photo I attached, I'm focusing on the price action at 6:17 AM while trading the AREC stock. At 6:17 AM, the volume according to trading view was 29.84k shares, according to the top left side of the screenshot, since I'm using the volume indicator. The volume is in shares right? If so then I think I'm on the right track. The price at 6:17 AM was $1.29. Here's my question. If I multiply the volume at 6:17 AM and the price at 6:17 AM, is this just the total amount of money traded between the time periods of 6:17 AM and 6:18 AM? In other words, the price action within that minute? When I multiplied the two together, I got the answer of $38,493.60 being traded within the time range of 6:17 AM and 6:18 AM. Reddit am I correct? 😅 submitted by /u/Irielay [link] [comments]