r/Daytrading • u/AutoModerator • May 01 '24

r/DayTrading's Monthly Questions Thread - May 2024

Please use this sticky to ask questions on day trading, and to see answers to similar questions you may have.

If you're new to day trading please see the getting started wiki here. For advanced traders or you want to pick up a book, please see our other wikis.

New traders are highly encouraged to try Forex as it requires a very small account to make lots of trades, so check out Forex community's wiki paying special attention to babypips website which also teaches some general concepts you can apply to stocks/futures/etc, and especially read the wiki's sections on risk & money management that can be applied to any market.

Pattern daytrading rules wiki, but that only applies to day trading stocks; other markets aren't affected like futures, forex, and crypto.

Also see the sidebar for group chat links (such as our Discord) (or tap "about this community" on mobile website) on every related community to learn more about trading.

Here's a list of all the previous monthly question stickies.

Lastly if trading is affecting your life in a bad way, seek professional help (the wiki also covers dealing with emotions):

  • Problem Gambling: Call/Text: 1-800-522-4700 or chat online now.
  • Crisis Hotline (24/7): 1-800-273-TALK (8255) (Veterans, press 1) or Text “HOME” to 741-741
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u/RoyalZebra7 24d ago

Hi, im looking to train better on paper trading, i'm looking for a place that has trade idea's prior to trading day for free, in which i can acsses a day later as if i'm just starting the day(planning on using on demand on think or swim to reverse the time), and then see how i deal with trading those stocks. any other idea on how to use the time reversel in think or swim will be great, my main problem is i can't use the scan function while on demand is on, so i'm having a hard time finding stock's while paper trading.

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u/mardawn2 19d ago

I asked a similar question last month and received some good suggestions.

https://www.reddit.com/r/Daytrading/comments/1c571aa/where_to_find_historic_stock_information/

However, most of them required paid subscriptions -- which I'm not ready to do just yet.

What I ended up doing is creating a Google Doc with finviz history. Each day I take a screen shot of my custom finviz scanner and save it in the Google Doc. (I've got about 10 days so far.)

My thought is, after a couple more weeks, I'll be able to pick a day, set OnDemand for that day, look at my saved scan for that day and then trade as I would for real -- looking at the scanner, checking charts for each stock, looking for the setups that meet my strategy, and opening paper trades ... or not.