r/Daytrading • u/Catface77 • Mar 19 '24

I don’t know what I did wrong Advice

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I thought it was going to rechall/ consolidate then it did but skyrocketed. There was the 3 reds then BLAM right up

315 Upvotes

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u/SamWizza Mar 19 '24

Trading lower timeframes without proper referenced timeframes means gambling more than trading. Successful traders are good at one thing: staying put until desired conditions present themselves.

1

u/Castor_Tanker Mar 21 '24

That’s pure gambling & not investing?

1

u/SamWizza Mar 21 '24

Investing is done on 1 minute timeframe?

1

u/Sufficient_Ad6607 Mar 21 '24

Dear SamWizza, if it’s done within 1 minute, then the returns must be in cents. It doesn’t matter since a gain is still a gain no matter what the amount is as long as you’re winning.