Reddit daytrading.

r/Daytrading • 2 yr. ago Dvtrjosh Is anyone even actually profitable? Day trading feels like 100% algo driven bs question Let me preface this by saying I've got 2 years worth of screentime and experience and have studied and gone through some reputable price action trading courses and no matter what I do, I still end up losing money. Day trading is learning to take advantage of opportunities. Skilled traders can predict their best odds to put on the gas when the market allows and days to sit back a bit. Trading a 100k account you can make 10-15k very easily and without taking excessive risk- On a day like yesterday when Powell speaks and markets move up 2%- down 2% and back ...Our subreddit specializes in trading stocks with a measure of Relative Strength vs. the SPY Index (read below) - how strong a stock's price action is relative to the market's price action (usually the S&P 500 index but can be others for different markets as well).Day Trading Books. Books can be invaluable for any level of trader. Whether it’s a biography book, a “getting started” book, a book on technical analysis, or one about psychology. The amount of knowledge packed within the covers can save you time and is arguably one of the best ROIs for traders. But make no mistake, no book will make you ... Respectfully. It's also true that the market is mostly random and that trading is, to some extent, speculative. No one can predict with certainty what will happen in the market. However, with a solid trading plan, good risk management, and a disciplined approach, it is possible to make consistent profits over time.

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Once you are seasoned you will develop a strategy that works for YOU, which is the best strategy of all. In sum, if you are trying to understand price action, I would pay attention to the concepts that Mack constantly talks about in his videos and use them with the goal of developing your own framework. Of course, this was 4 months ago, and if ...For every 10k shares I do, that’s 100 dollars. That puts my losses at 100-200 dollars per trade. Risk reward is important in trading. The nice part about trading this way is that a stock that goes up 2 cents is a 2:1 risk reward, 3 cents is 3:1. So very often my trades have very good risk rewards to them.

Day trading is not about percentages like long term investing. Managing risk properly a day trader can use their whole account value with margin in a trade- making a few successful trades a day-just grabbing .25. 50-1.00 move on a stock results in $500 here, $1000 there, a good trader can make reliable income with a small account.Real Day Trading @RealDayTrading ‧ 7.1K subscribers ‧ 55 videos We are the fastest growing trading sub on Reddit. Our mission is to help people gain financial …Don’t shoot for 3x profits on your trades they don’t exist. 25%, 50% 100% is the best you’re going to get anywhere. I worked at a hedge fund and they take hundreds of trades a day. The small wins add up to big profits. Enough Said. Everyone wants to get rich in a few months or a year, that doesn’t happen for anyone. 3.4H and Daily. TheZorro1909 • 3 yr. ago. Generally speaking, the higher the time frame the better the strength. If you trade on the m5 or 2000 tick chart, I would search for S&R on the 60M or H4 chart. If the price approaches those lines on the m5 chart you have a relative high probability to see at least a small resistance in the area around ...13 thg 8, 2022 ... Since TradingView doesn't support automated trading, nor does it offer an API, the only way to automate is to send alerts to a third-party ...

The 20 Best Day Trading and Financial Subreddits /r/wallstreetbets. (15M+ members, or ‘degenerates’ as they relate to themselves, increased a lot after the gamestop short …

Is day trading really this easy or is there a catch somewhere? So I saved up 6 months of expenses in cash and funded my 401k. So I decided to open my first brokerage account …

Please be detailed. : r/Daytrading. What are your best setups? Please be detailed. *** EDITED*** for a clearer explanation! One of the best setups I use is called a 2nd entry. This setup works going long or short, and here’s how to maneuver it: This example is for going long In an up trend. Start by watching for a swing high candle (that ... And you want to make $60,000 a month, or $2000 each day. If your win rate is 80%, and you did the same risk-reward as above, you would need 334 shares - (334 * .75 cents for the winners = $250.5, 334 * 1.50 for the losers = $501, because if you did this trade 20 times, on average you would win 16 times (80% win rate) which is $250.5 * 16 ... We’d like to hear from this community about what technical indicators do you look for on your day trading strategies. For us, most of our team looks for scalping trades with companies that have a low float (<20 million is ideal), stock price between $1 to $20, relative volume above 5, and a volume above 500,000 at the moment. You should talk to them seriously and threaten to take action if they dont cooperate. It is most unusual that anyone can just hack a trading acct like the way you deal. This hankotrade is not at all reputed brokerage but a small operation to provide possibly CFD trades those are not regulated. jnuggz710. •. I average $30-40/day, which is 3-4% of my trading amount. (The account is split in two so I can trade every day.) I don't write this as someone big and experienced, but rather as someone just starting out, similar to you. 3-4% per day is actually phenominal if you can do that consistently.Then get on a free website like finviz.com and start looking at thousands of charts. Look at the chart and then try and figure out based off of the setup and volume what you will do next. In any given trading day I probably look at 300-500 charts, every, single, day. This isn't easy, it requires work, hard mental work.

Good trading is boring. It follows set rules, it waits when the setup is not there - it doesn't just take the best setup available. Because that setup may be poor from an overall risk management perspective. As a general example, you may be too aggressively trading a trend on what is really a range day.14MTH30n3. • 5 yr. ago. Ameritrade Thinkorswim TOS platform had good paper trading. If you call them and ask nicely they may give you real time data. Infinity--. • 5 yr. ago. you need an account with them. You can open one and deposit a few $ or $0 and get real time data on the SIM too. rima999.1.8M subscribers in the Daytrading community. Daytrading futures, forex, stocks, etc. Advertisement Coins. 0 coins. Premium Powerups Explore Gaming. Valheim Genshin ... Reddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog Careers Press. Terms & Policiesif your viewing distance is >6' alright. if its not you're better off with monitors designed for desk usage. the pixel pitch and sharpness is so much better for your eyes. but there's nothing stopping you from doing both except your video card, if you have a way to also put a huge tv farther away from the desk. r/Daytrading.Business, Economics, and Finance. GameStop Moderna Pfizer Johnson & Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla. Crypto

If you’re okay waiting until someone purchases the shares from you, the ask will always net you the most per share, assuming the order gets filled. If you’re trying to sell to “get out” quickly, you’re better off using a market order (if the spread is tight), or a marketable limit order (if the spread is wide). 3.

Smaller R factor ones are common. Again, assuming long. Look for buyers to absorb sellers near a significant level, the closer to the level the better. Need to see progressively more absorption higher and higher with high positive delta and volume. Tight stop below absorption point.75. builderdawg. • 2 yr. ago. This is accurate. It sounds easy to say “don’t let your emotions take over”, but it is not. Revenge trading is real. One of the most difficult things for all traders to learn (including myself) is to not let bad days become disastrous. 20. ItsBlackMarlonBrando. And so, the Sao Paulo School of Economics commissioned a study that tracked a total of 19,646 day traders from 2013 through 2015. The data was broken down into bite-sized chunks to better understand the data. The first group of day traders totaled 1,111 individuals that day traded only a single day.Looking at the option chains info such as OI, option volumes, you could potentially determine the range the SPY will trades in the day before market open. During the trading session, based on those info, you can potentially determine the pivot points. You can also use VIX chart to determine when to get in or out.Luck is when preparation and opportunity meet. You can’t make a living from trading by chance. The problem with the doubters, such as yourself, is that you think “day trading for a living” means a luxurious life style, when in fact all you need to do is pay your bills to technically be trading for a living. January 2023: +$4061, +29.65% : r/Daytrading. First official month as a Day Trader. January 2023: +$4061, +29.65%. Over the past 2+ years, I’ve spent countless hours studying the market and learning from other traders without placing a single trade until I felt ready. January 2023 was my first ever official month treating it as if this was my ... TL;DR: Mean reversion trading is a strategy that aims to profit from the tendency of prices to return to their average value over time. Traders use technical indicators, such as Bollinger Bands and Simple Moving Averages (SMAs), to identify when a stock's price has moved too far away from its average value. They then look for a bounce off the ...r/Daytrading • I just crossed + $375,000 in profits after 18 months of full time day trading. In that time, I have had a maximum cumulative drawdown of only - $6,419 with an average drawdown of -$1,000. This post is my holistic approach to risk management that any trader can apply to their own strategies.Daytrading futures, forex, stocks, etc. Members Online • ... As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. Our goal is to help Redditors get answers to questions about Fidelity products and services ...Then you need to calculate your trade risk, which is the difference between your entry price and your stop (if you enter at $20, stop at $19.25, then your trade risk is $0.75). Now take your account risk ($10) divided by your trade risk ($0.75) equals 13.333 shares, or just 13 shares. Remember to round down.

80% of all day traders quit within the first two years. Among all day traders, nearly 40% day trade for only one month. Within three years, only 13% continue to day trade. After five years, only 7% remain. The average individual investor underperforms a market index by …

Webull is safe to use. You can’t beat the lack of fees and the interface is quite clean. The downsides are the occasional bug as well as hit and miss customer service. KEANE_2017. • 2 yr. ago. With webull i had the worst customer experienced in my life.

Reddit day trading could be a form of systematic risk. Even a contrarian investor would have been caught off guard by the move in GameStop's share price. …The problem is, just because a stock is valued over $5/ share, doesn't mean you can short it. Be patient. Watch a ton of videos online. Develop your own strategy. Paper trade on an app. If you're profitable, don't get greedy. If you treat this like a get rich quick scheme, it'll end like they typically do.3 thg 3, 2021 ... Day-Trading Reddit Users Nearly Crashed the Stock Market. Now They're the Organizing Principle for a New ETF. ... This story originally appeared ...DayTrading Computer Build (Experiencing lag right now) Hi there :) I'm a daytrader and have recently switched to a new program called "Atas". Here's an image of the platform just so you can get an idea of what im going to use the computer for: ... Reddit . reReddit: Top posts of January 20, 2023.Learning to have an objective mind is a terrific tool to develop as a trader. By backtesting tens of thousands of trades, you'll learn how the market works, at least from the point of view that you are observing, and will be able to take trading decisions with a lot more confidence. It is all about statistics.An average of 1% per trading day It's achievable, but don't expect that every day of the week will give you that. Some days are more volatile than others. If you average a 3% per week, that means a 12% return per month. With a big enough account, you can have the privilege to play it safe and achieve consistency. Since covid hit, my only income is from day trading the ES. Prior to that I was trading part time for probably a decade. Building my account. Once you get to a certain account size (everyone will have different needs) it is easier to produce consistently and avoid large drawdowns. 7. RoundTableMaker. • 2 yr. ago. you can day trade futures and options with much less money. 4. Edgar_Brown. • 2 yr. ago. I don’t know about futures, but trading options doesn’t reduce the capital requirements to become a pattern day trader, and without margin you might not be able to avoid good faith violations.14MTH30n3. • 5 yr. ago. Ameritrade Thinkorswim TOS platform had good paper trading. If you call them and ask nicely they may give you real time data. Infinity--. • 5 yr. ago. you need an account with them. You can open one and deposit a few $ or $0 and get real time data on the SIM too. rima999.80% of all day traders quit within the first two years. Among all day traders, nearly 40% day trade for only one month. Within three years, only 13% continue to day trade. After five years, only 7% remain. The average individual investor underperforms a market index by …7. RoundTableMaker. • 2 yr. ago. you can day trade futures and options with much less money. 4. Edgar_Brown. • 2 yr. ago. I don’t know about futures, but trading options doesn’t reduce the capital requirements to become a pattern day trader, and without margin you might not be able to avoid good faith violations.

View community ranking In the Top 5% of largest communities on Reddit. Daytrading . I’ve been using Schwab to day trade and I have a general idea of how much I’ve made/loss but is there a actual way to see it organized without shifting through the history and doing all the math myself? I can clearly see equities but I’d like to see how ...If I have the daytrading skill at level 2, can I change buy/sell orders that are within 1 jump from me -- but in a different region? For example, if…Check out the r/Daytrading community on Discord - hang out with 12054 other members and enjoy free voice and text chat. funkedelic_bob invited you to join. r/Daytrading. 888 Online. 12,054 Members. Display Name. This is how others see you. You can use special characters and emoji.Once an account obtains the PDT designation, it must maintain minimum equity of $25,000 at the start of each business day to be eligible for day trading. This balance is required in each account carrying a PDT designation. If the equity is less than $25,000, day trading is restricted until the account reaches the minimum equity requirement.Instagram:https://instagram. spy daily charttuhyxba.stocktd ameritrade cash account For crypto and day trading ive come up with this conclusion from my experience. Day trading alt coins arent that good unless there is explosive volume and its volatile intraday. I find it easier for myself to day trade BTC on 5x leverage for 10-25% since BTC is a lot more volatile and moves a good amount daily. best volume indicatortscsx Oanda is super simple and arguably has the best mobile trading platform. You won't learn as much on the mobile platform because the charting is understandably limited, but a good mobile is helpful when learning market timing and developing habits. Their desktop platform is good also, but make sure you use advanced charting. webull e mini futures Forbes Advisor evaluated a broad selection of platforms in order to help you choose the best online brokers for day trading.13 thg 4, 2023 ... It works - its a sort of gap down/fill strategy with elements of relative strength in it. Usually around 1030 you get a nice bullish set up on ...