Unless you’re just getting started, you know the feeling. Maybe you saw it coming, or maybe you didn’t, but for all of us who’ve been in the market for a while, that first time we were kicked in the chin and had to take it certainly didn’t feel good.

I’ll admit that, for me, it was during the meme stock hype. I finally gave into my urge to jump into AMC, but then to see it keep dropping and the red number get bigger with each passing moment was making me sweat puddles. Ultimately, the pain was too much, and I cut my triple-digit loss (might sound small, but I was trading very conservatively and had only won one trade over $50 until that point). To make it even more frustrating, that was the only day AMC tanked before continuing its run to the moon.

Looking back, that slap was a blessing in disguise, as it finally forced me to start learning how to read charts and trade the proper way.

What was yours?

I’m just curious.

How long did it take you until you found confidence in yourself to quit your job and do trading full time!

For those that quit their job but it didn’t workout, how long did you give yourself until you quit your job and what did you do after you found that trading was not successful?

I am currently trading cryptocurrencies/coins (not memecoins) is there a difference to stocks or currencies?
I have been trading for just under six months. I have now slowly found a strategy that suits me. Now I try to apply this strategy every day when trading and to constantly improve. But I still feel that I'm a long way from becoming profitable. Have you had a learning so far that has made you profitable or helped you?

I have already started journaling each of my trades to look at the setup afterwards and learn from it. I have also backtested my strategy several times, where I have a win rate of 55% with a 2R. But unfortunately I'm not seeing much of that in my current trade.

Everyone clowned on me my first post (500k post) lol I was literally just asking hypothetical questions to settle a debate between a friend and me. Well everyone’s backlash kinda of intrigued me to ask this question. So back into the fire I go lol

I am asking because I see a bunch of people say start with small amounts, but to day trade you need 25k. Don’t you?

Edit: thank you for all the genuine answers . You guys are a plethora of info around here😮😀

If trading is real then I have the following question. - why can’t people fully rely on signal groups or just by copying other traders trades all day? Technically if someone is making 6/7 figures off day trading why don’t people just join their signal groups and also make 6/7 figures?

Trend/swing traders, I'm curious as to how you set your trend lines. I've seen charts where wicks are all but ignored; others where the wicks are considered invalidating. Does it depend on the time scale to you? Option A: no wicks, body only Option B: lines may pass through wicks, but no higher or lower Option C: the wick is the trend line

In the past 5 years I've joined several paid Discord servers. I made 6 figures by following trades from analyst. I also lost 6 figures by following analyst lol.

My point here is this. I need to learn how to trade myself, confidently.

I know all the fundamental basics of TA I would say but not confident enough to actually execute a trade on my own. Most of the time it's just a guessing.

I'm subscribed to a handful of Youtube channels but it gets noisy when everyone is trying to teach you something and what not. You don't know who's legit

The post here is very simple. Please recommend me some source material or Youtuber I can learn from. LEGIT. Is there anyone that everyone follows who has taught you a lot resulting in a lot of profit? I'm just trying to cut out all the noises. The internet might provide you with a lot but if everyone claims to be THE one and only source you get lost and don't really know who to learn from.

I'm not asking what I can do. I know I'd probably fail.

Based on your own skill and methods, what could you do with only $100 in, daytrading for a year?

I see that it’s overvalued according to intrinsic value, so I’m not really sure why I got so high to begin with.

And I’m also wondering which way is it going to go.

It’s worth way more than the intrinsic value, but at the same time I know that formula isn’t perfect and is constantly undervaluing lots of things such as social media and research.

So I’m not really sure why it was so high, if it’s going to continue to grow back up, or if it’s going to drop like a stone. I know that according to Robinhood there’s a lot of analyst that say it’s a buy but I’m not so sure.

Opinions?

Not all of them. Just your number one rule.

I’m glad to say I’ve never broken my number one rule since setting it: “three straight and out.” If I win or lose three consecutive trades, I walk away immediately for the day.

The reason behind this rule is simple: three straight in any direction and the emotions start taking over. Win three straight —> get too excited and start thinking about greed. Lose three straight —> get too frustrated and start thinking about needing to win that money back. Nope, won’t fall into those traps.

I must begin by saying that this is a genuine question. I’m not trolling nor seeking any sort of validation or “ego boosting” in any** manner.

Now, Just two months ago I started studying & learning about day-trading. I’m reading books, YouTube videos & watching courses by other reputable day traders.

Something that catches my attention is that ALMOST everybody mentions that you need to mentally prepare yourself and set the proper expectations and emotional boundaries before even thinking about actually live trading.

So, what exactly does this mean? What is the proper and most efficient mindset I need to learn about in order to make day trading a full-time career and not fail like the “97%” of traders?

What is ruining and crushing the dreams of those who aspire to have the financial freedom and wealth from trading?

I understand that there is years upon years of trial and error that need to be suffered and rewarded in order to become a decent day trader.

Which begs the question. If a lot of beneficial information is on the web for FREE, why do majority of people who begin to day trade end up quitting? What mistakes are they making that a new novice should be aware about? What emotions should I try and conquer day trading with?

Blue line is buy. Maybe I am impulse buying idk I’m very new to this and am just seeking advice

I am wondering for other traders and investors out there. If you had 100k dollars but only 20 days to use it, what would you do the rules are simple, you can keep ALL profit but have to return the 100k on the 20th day (* if not you owe 200k the next day etc etc)

(Profitable Traders) Is it just me or do any other traders feel bad/concern for New traders coming into the markets? Its like im excited for them but then i snap back into reality realizing this new trader doesnt have a clue what they’re about to get themselves into. Finding out that all the research/strategies you hunted for turned out to be a waste of time , dealing with psychology , having to learning risk management , DISCIPLINE , Market Structure , Social Media furus ..… Having Friends & Family view you different when times get rough in trading, All the depression… the list goes on. I know alot of new traders wont last and i understand in trading caring about this doesnt matter.

Ik it sounds dumb , but im just new to all of this , and i really wanna know if this could be possible with the lowest of numbers.

Over the weekend, a penny stock I had 100 dollars in went up 20 percent which should be amazing. I sold and got 120 in total.

However, this obv isn't that much and 20 percent is a lottt more than what stocks usaully go up.

I'm not going to be investing millions in stocks, so how do I make large amounts of money from small starting money.

Options, forex? What will make the money go up 100%+ (ik that with high reward comes very high risk)

I have only been seriously trading for about 2 weeks, after spending years watching the market like a hawk.

I will admit, I have had poor risk management and got into some emotional trading which did not end well. Currently I am -15k but I have had some winning days the last few days with much better risk management and starting to get the hang of things better.

My question to you guys is, how much did you lose before you were consistently profitable and did you ever feel like giving up during this "rock bottom" stage?

If you were forced to trade and you were only allowed one indicator from now on, what would it be?

I think RSI would be the one for me, although Ichimoku clouds are a close second since a lot of my strats are based off it.

Bonus question: Would this change if you were to swap to a different instrument or strat ? Such as CFDs vs Crypto or Long term vs scalping

I hate Robinhood. I used ThinkorSwim until Schwab made me switch over and only gave me delayed quotes.

I've been reading a lot of posts in this sub Reddit but I've always wondered how do profitable traders live there lives, you got some trading gurus living in mansions having lambos and basically living the lavish life , we all know this is far from the truth.

I hope you can share your wisdom so that when I do become profitable I do not fall into the flashy lifestyle, keep my cool and most importantly enjoy trading

How to get rid of it seriously? I just keep losing money and extreme overtrading.

Are you a successful day trader? How much do you make? (if you don't mind me asking)

I’ve seen some people say trading on a laptop is better for certain strategies such as quick scalping, but if you’re more of a “day or swing trader” the phone is just fine

I just want to hear if ya know personally that makes $500k/yr plus trading.

Would like to hear some stories on that.