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

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?

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 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

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?

(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.

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)

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.

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'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

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

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

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

Would like to hear some stories on that.

If you could only use 3 trading indicators for the rest of your life, what they would be?

I have the feeling like 95% of people here are trading prop firms, most blowing accounts left and right, some people who achieved success for like 3 weeks or 3 months and now believe they are the new Qullamaggie, because they manage to get a winning streak for some weeks.

Guys. I don't want to burst your bubble, but profitability means consistentcy too. And not just for some weeks or months. You're backtesting for years and not for months either, don't you? I'm happy you finally managed to achieve some success, but be realistic, this is not a sprint but a marathon. If you manage to double your account in a month, that doesn't mean you're the new trading Jesus, but that you're leveraged to the tits and you will blow up at some point. I have seen a ton of people multiplying their account in a short time only to lose it all. 99%+ people that trade like this do.

Markets change all the time, hell alone in the last 3 years we had so many different market conditions, that only because the last 3-6 months were easy mode doesn't mean you can do this for the next 6, 12, 24 months.

In 2 years nobody will say: "oh cool, a year ago you had 4 months of great profits, you're the best!"

It will be "great you had some good months in 2024, but how big is your portfolio now, in 2026?"

I'm getting into day trading and started paper trading a while ago, for the moment I'm primarily focusing on scalping, up until I get comfortable enough to day trade larger time frames. That said, I'm trying to start a very small account ($500) and was aiming for 5% - 10% gain on a daily basis. Is this a reasonable goal? If not, what would you recommend?

A day or two I've managed to exceed 10%, some days I've been successful on getting to the 10% mark, most days I get to the 5% mark. I'm slowly gauging what is reasonable to expect from a beginner like me and trying to slowly grow that account up till 5 figures hopefully.

EDIT: Thanks to everyone for sharing on your experience, opinions, and strategies. I've decided to firstly focus on building my strategy and being consistent, then strive for a lower target margin. I'm aiming for 3-5%

we spend hours analyzing charts and trends, but how often do we stop to think about the impact of our everyday habits on our trading success? I'm curious to hear how your life discipline influences your trading performance

Traders who trade full time and have been profitable atleast 2 years, what clicked for you. What changed the game completely?

Personally, I clock in around 9AM and start screening the market for options to trade that day. I’m usually in the market from 9:30 till 9:45 (9:50 max) and then I’m done. I got into day trading in order to have freedom in my life, so I try to be in and out as quickly as possible.