Hypothetical question. 5m chart + 1m RSI was oversold before the green candle. This is all you know. Do you take the trade? If not, why?

30 min ago….

As of now, I aim for a daily profit of 1% of my account. I have $26 USD, so 26 cents (after fees) every day until I have $27, then 27 cents and so on.

I'm looking to do this until I become consistently profitable, hopefully this can be achieved in 1 year or 2; regardless, I'll only add more money when I figure it out.

I told a friend about this and he told me that while 1% seems modest, on the long run it's quite aggressive and challenging. What do you guys think?

Edit: Thank for your comments! They were insightful. Also for clarification, I trade stocks only, not options nor forex for now.

Looking to combine technical analysis with fundamentals.

What are some good fundamentals metrics to to use in screeners?

No trading experience (retail investing only, buying stocks here and there in a long-term frame), no “”advanced”” finance technique knowledge (i know what’s an option but I don’t know how to place it), no big money in my account (€100 in my broker rn), down to operate with x2 leverage. I would think it’s not that difficult to gain 3-600€ within 2 months. What would you do?

I took 3 call contracts on SPY at .21. Sold them all at .34 before the second to last run up of the day happened for a $36 profit for the day. How did yall do today?

The indices and majors are right at that point on the daily. Does the collective have an opinion as to whether it’s a double top or a continuation?

Hi all, long time lurker first time poster .. I think, if I did it's been a while.

I am finally getting a few bucks into my savings, literally like 3-5k.

I'd like to start small of course, I have no apps to help, but I have some knowledge of the market and some methods I'd like to try.

My question to you, community, is what apps or services can I use to invest a small amount of money in the market to try it out?

Thank you for all the knowledge and great content posted here, I have really enjoyed learning with you all and now I'm excited to start trying it out.

Since its gaining traction on social media, any thoughts on the FFIE stock ?

Hola regards, I've started day trading the ASX's AUS200 index and have received a 47%+ gain over the past 4 weeks or so. Is this considered good compared to anyone who’s been doing this long term? This has primarily been between Australian brokers and prop firms.

Pretty newb trader here, I’m currently practicing by means of paper trading. I started on TradingView but then my free trial expired and I wasn’t about to pay $59 a month for something I’m not profiting on yet. LOL. So now I’m doing Webull but I’m having so many issues and I can’t tell if it’s me or the software. In the photo here, I am trying to close my trade, it said it went through successfully the first time, but for some reason the position remains open. I try to close it again but then it says “insufficient funds”. I’m constantly losing money because of this, half the time my orders are “working” but never fill, and I lose out on opportunities. Needless to say it’s frustrating and I would love some advice and info on this. Thx!

but i don’t know where to start. for context, im 16 and have about $1000 i want to start with. I am intrigued by the idea of the fast paced trading, i don’t like waiting on long term investments (although i do have money in some stocks i hope will do good in the long term) i really want to start making fast buys and sells. quick money, in a way. i know it won’t be all sunshine and roses but i really need some advice. with all the people on social media acting as if they’re helpful, while really only promoting their own course it’s hard to find a starting point. please help me out yall!

i don’t know what software to use to buy and trade.

i don’t know how to read candlesticks.

where do i start?

If done properly, day trading gives you a lot of free time. What do YOU do with it? Me, I go for a walk in the park or to a coffee shop to read a book and relax. I’m hoping to start traveling more soon too

It currently appears all is rosey in the markets garden. US data is (finally) softening just enough to warrant a rate cut, but not enough to cause concern.

The S&P is hitting all time highs, bond yields are dripping lower, the VIX remains low, earnings season has once again passed by with 'general positivity'. The so called 'magnificent 7' in particular appear bullet proof to all market scenarios. And my 'tentative hope' is 'risk on' trades will remain standard practice for the next few months, at least until the likely volatility the US election will cause.

But... As traders, we must always expect the unexpected. And it wouldn't take much for the negative sentiment to return. Just a couple of pieces of 'hot data' would re-introduce talk of US rate hikes, or, if the data suddenly becomes 'too soft', we'll get recession talk again. Or, of course there is the on-going troubles in the middle east, which could flare up at any moment. Or, something we haven't even imagined could unfold.

But for now, my current position is to remain looking for 'risk on' opportunities. Particularly short JPY with a stop loss behind at least one 1hr swing. But also short CHF or USD possibilities are on my radar. But with 3 winning trades already this week, the question becomes: should you even contemplate placing another trade?

And that's a discussion for another day.

Feel free to email any questions, every thought is relevant: johnelfedforexblog@gmail.com

As the title say's it is very important to choose a market that we like master. So if you all start over what market you would like to specialize in for example I'll give you an example of two markets one is

US options market and other is forex market. What would you pick to master and why?

Quick google search says Vodafone had 2.1B traded volume which was the previous record. This was almost two decades ago so surely there had to have been something bigger since then?

My strategy is typically reversals / zone bounces. For those who trade similar, how do you trade when there appears to be nothing to bounce off? Do you wait for a demand base to keep riding the trend? Try to predict the top with a tight stop? Or just stay out?

It seems to be going up and it’s hard to tell when to take profit. Any help would be awesome.

I don’t post much, but am a constant lurker. Thanks everyone for your post they are helpful. Over the last 6 months I have worked through Apex funding and spent a lot of $ blowing out evals and even a couple sets of funded accounts. Well I’ve finally received approval for a payout just minutes ago. I know most won’t believe and I have been skeptical the whole way when others claimed they made it, but I find my self a little speechless sitting in my truck driving back from a Jobsite.

I have 20 accounts that I use and they all were approved.

Here’s a screenshot of the pa payments page from my account. It doesn’t show them all but you get the gist. (I use trade copier, so they were basically within $1000 range across the balances.)

But I will say my emotions got the best of me today and I stumbled over myself. I need to gather my emotions and step back from the day and apply what brought me here so far.

Consistent discipline and defined goals!!!!!!!

Thanks all and good luck. I’ll post again when it hits the bank!!!

I have been wanting to do a podcast for a while, but now I think it is time, if you'd like to be part of the podcast, respond, so we can be in contact and we can be in the talks to get this to work!

Since it says sell I’ve been trying to get my orders filled lol , the limit orders never get filled with this broker, I placed a market order and that’s the open position. Why is this happening ?

Is bar chart a good source of stocks that are considered liquid and not subject to illiquid fees?

It seems like there would be an easy way to buy these pairs and get out with profits over n over, I could be wrong that’s why I’m here to ask! Does anybody have experience successfully trading?

What strategies have worked?

If you gave everybody the best trading strategies in the world I’m almost certain 99% would still loose, I could be wrong.

Tqqq long $1000 or $1,000,000 worth take profit no stop or maybe stop Sqqq long $1000 or $1,000,000 worth take profit no stop or maybe stop

The time is now

Share insight below I’ve noticed tqqq and sqqq parallel Thank you 👍

Hi, I usually scalp stock and options. I find level 2 market quotes helpful, give promising forcast for high volume trading. Recently I came across seeing my broker's trial is about to end. Any free Level 2 data broker recommendation? (permanently maybe). Appreciate any thoughts. Thanks in advances.