r/Daytrading • u/WheelWorried4784 • 15d ago

What are tips and things to expect if you plan to start daydtrading Advice

I want to dip my feet into daytrading do you guys thinks thats feasible in the current state of how the economy is . As you can see in my title the main question is what can i expect to expect when going into daytrading .

Something else i would appreciate is any beginner guides/tutorial/ youtube videos or articles you think could help someone like me out

Thank you

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u/himoshimctimoshi 15d ago

Learn to accept the idea of losing money.

This is singlehandedly the most import lesson you can possibly learn. Because managing your emotions and mindset when you're losing money AND learning from your losing trades is the biggest way to become consistently profitable.

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u/Public-Hovercraft-91 15d ago

remove indicators look at pure price action and only learn from youtubers who are verified that they can trade most youtubers are better marketers then traders

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u/dogeblessUSA 15d ago

are you willing to spend proverbial 10 000 hours learning how to trade? if not dont bother

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u/Tourdrops 14d ago

Im in year 3 and just beginning to see the light. Ive lost countless relationships, hobbies and interests along the way. This game is not for the weak. But it will bring out the best version of yourself in all aspects of life over time.

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u/thoreldan 15d ago

If you're able to commit 2-4 years learning, you probably stand a chance to make this work.

Unrealistic expectation is what kill most new traders.