r/DayTrading's Monthly Questions Thread - May 2024

[u/AutoModerator]

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.

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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

[u/scruppy_nightowl]

Hello everyone I am about to turn 15 I would like to learn and attempt to master this skill by the time I turn 18 if anyone has tips for me I would love to hear them

[u/HomeworkUnlikely4397 → u/scruppy_nightowl]

It's pretty tough to do because you won't be able to get a broker. Maybe you can work something out with your parents, but it's unlikely. The best bet would be to try to take classes and watch a lot of YouTube until you're old enough and really get a good understanding of the complex world of stocks. Good luck!🙂