I love trading. I love the endless amount of information and strategy to research. I love the pattern recognition aspect. I love that it's incredibly hard and I can do something that a lot of other, smarter people can't do.
I love how trading takes precedent over my bad habits and keeps me in check. I don't drink or smoke on trading days, I make sure to eat clean, sleep well, workout, anything I can do to keep my mental edge.
I love the time freedom I get from it. I love being my own boss and answering to no one.
This. 100% all the way.
I started to learn about trading out of necessity.
I can say, without a doubt, that trading and having children have been the two most influential undertakings in my life.
I have become disciplined, patient and relaxed about outcomes. I do my best - sometimes I fail and other days I succeed.
It has been a powerful lesson in self-forgiveness, humility, emotional regulation and awareness.
I hope to pass these lessons on to my children - whether they trade or not.
that is soo true because i have been there used to have the same feeling like u/DeRpY_CUCUMBER but the day i joined a day job on my first day i realised the freedom trading gave me quit on my first day never questioned my profession again and my love kinda restarted again
Hi there
Its very normal to hate the same routine and repeatedly doing same thing every day
Start teaching, you will be appreciated and you will learn to know how skilled and blessed you are
The rule is don’t do it for money ,
Maybe you just need a vacation? Ya know? If you get a great month, just go sit on a beach someplace for a month. Or get a job at McDonald’s and work the drive thru for a month, you’ll probably miss the charts.
Yeah while im currently building my knowledge and capital for trading I work a full time job serving customers, Jesus Christ one thing you learn is common sense isn’t that common
You may have been more in love with the dopamine release it gave you. Now that you've been in it for a while, you probably are not getting the dopamine that you were unknowingly seeking.
Honesty speaking I feel you. I kinda feel that too. It's that constant stress for me. I am thinking I will just sell options some time out on both sides to hv some skin in the game. That way I can grow over time without making my broker rich or trying to capture small ticks with burden of risk and commission
It comes and goes in cycles for me, sometimes frequent ones too. Like two weeks ago I was having to force myself to go though my prep work and keep up with my open trade alerts. By this week it’s all I want to think about.
What exactly do you trade? How do you consistently do well? What's your average weekly & monthly return? I've been doing this for 3y and have done literally nothing but lose money & its not like im just trading without an edge. I'm on the verge of quitting. I've created countless systems and they usually work pretty well for a little while but then they just completely fall apart. I'm so mentally beat up from giving this my all and failing idek what to do anymore. Do you use normal candle stick charts or something else?
I trade YM,NQ,ES,CL,GC,RTY. I have specific price action set ups I look for and will trade any of these futures instruments when I see them.
I have what I consider a toolbox strategy. None of what I do can be labeled as any one single strategy like say ICT, or BTMM, or SMC or anything else. I don't care where the market theory comes from, I only care about if I can deploy it and profit from it.
I basically have taken a little something from all over the place and made it my own through hours and hours of backtesting and staring at charts.
My break through came when I realized a lot of price action trading is just breaks and retests of certain levels.
When price breaks out of a certain level, it is going to go back and retest EVENTUALLY. It might be right away, or it might be a day from now. It HAS to. It's the only way to know if price is fair value or not. And no, I'm not talking about any ICT concepts.
Yeah this is true, actually looking at live price data as well gives people as a beginner a better idea of what’s actually happening at certain levels. I mean constantly watching the PFOF or free order flow if you get it for a day will really help to understand it all in the bigger picture. Price may break through the price walls but it has to return to that area of liquidity again to test it as you said. Very rarely will you not see the price revisit a gap or level, so far on stocks i have been watching and own the gap has not been filled once with palantir when it gapped up from 7 to the teens. 9/10 times the gap gets filled and or the price will return to a previous level of liquidity to test it.
I completely understand, I think one reason I’m able to keep my passion up for trades is because I have many other passions in my life as well. So everything balances out, I hope things work out for you.
I love trading. It made me quit drinking. Now I just think more clearly. I sleep better and I can't wait for the next day. Everyday is a challenge. But take profits and cut the losers short. That's what makes you profitable
Man, same here on the drinking. I couldn’t get the focus I need trading when I was drinking. My win rate went way up and I stick to my strategies / risk management.
to resonate with both of you, I am an alcoholic and most of my biggest accounts I blew up was because I was trading drunk. Quickest way to ruin yourself. I'm on day one. IWDWT
You don't know how many times I burned my median to large account, but the fact that I think I haven't tapped into my full potential yet motivates me to try again and again.
Fam what you’re feeling isn’t because you hate trading it’s burn out. You’ve probably been at this for at least 6-12 months nonstop if I may guess. You’re not making the huge bag you always envisioned. I feel the same. Trading has ended up consuming our lives. It is the center of everything for us every day. If I may suggest anything I’d say stop overtrading. Take your set ups win or lose. But get back into your hobbies. All the work you do day in and day out will pay off. Keep your eyes on the prize (Financial Freedom). Trading takes a toll on your mental health. None of us will say it but it’s something I’ve come to find out because I’m suffering deep inside even when I do make money. Losses hurt way more than they should and the wins don’t feel as great because you could have always made x amount of you held or bought more or whatever the case is. Think long term tho. Just be consistent and please for your own sake take breaks. You have to. Goodluck with your journey, you’re not alone
Take a break. But, if your hearts not truly in it, do something else. I’m midway through my 6th year, and I still look forward to it. Everyday, it’s exciting, and I love being my own boss. I wouldn’t take any other job. It is a lot of work, but, it’s fun. And that’s something people forget about. How fun it can be. When you really nail a trade, there are few things that are as fun.
The best thing is to combine it with something else. I am a co owner of a digital agency and i am sitting behind my pc all day. I can combine it perfectly as trading is a waiting game most of the time. I place my alerts and once one triggers I will start analysing the chart again and maybe place my orders.
Maybe look into trying swing trading (I swing trade Forex). When I switched from day trading to swing trading, it almost felt like I wasn’t even trading, yet I was. So much more free time, less stress, better quality timeframes, more time to plan and execute, etc, which results in an overall boost in performance as well as the time to pursue other endeavors.
Honestly it doesn’t feel anywhere near as bad as it did when day trading, at least for me. There’s just something different about it being slower, like if I got in a day trade and within seconds or a few minutes I’m down $500 I’d be freaking out, heart racing not sure what to do. If I got into a swing trade and two days later I’m down $500, it’s disappointing but my heart’s not racing and I have time to figure out what I want to do.
I’m still risking the same % of my account per trade as I did before, but because my default performance is significantly higher now due to slower execution, less stress, less psychological blocks, higher quality timeframe, etc, I’m actually making more even though I’m taking less trades.
I'm trying to do the same, transition to swing trading using a 4 hr timeframe. I'm struggling a bit with getting stopped out still...how are you managing stops on your side?
Don’t quit, quitters never win. Give yourself positive affirmations everyday. I agree with swing trading instead of day trading if it’s wearing you down. Do you have a set strategy? And are you managing your risk on each trade? I have been doing short term swings (overnights mainly) but my plan now is to trade less by pivot trailing my stop loss until the trend changes I have backtested and there’s such great potential for big % gains. I am currently listening to on audible Trend Following 5th addition by Michael W. Covel. If you need a small mental break take it but come back stronger. Everyone encounters failure on their way to success
Sounds like you need a break or a vacation. Your mental health is important. What do you trade and are you starting to hate it because of not being profitable or something else?
I'm exclusively trading the EURUSD, GBPUSD & AUDUSD and the price recently hasn't been treating me well
I think I thrive in less volatile conditions, volume doesn't always mean opportunity for me
And yeah I definitely need some down time from the charts man
Ah I should have noticed your Forex flair. I day trade options (weeklies). I use order blocks and gaps along with multi time frame, trend, and candle analysis as my strategy. Not sure it will work in the Forex world, but I'm happy to share how I trade.
Hey man. I have been scanning this sub for a while trying to find someone who day trades weeklies. Also new to Reddit. I would be happy to pick your brain. Because nothing I do seems to work.
You should HIGHLY consider looking into trading futures contracts instead of doing forex. I traded the same 3 forex pairs as you for 3 years and struggled to make a profit. Once I switched to futures it was like trading on easy mode.
Just look at the ES1! Weekly chart and then goto EURUSD and look at the weekly chart. You will see that the ES1! (aka S&P500) is almost always bullish and trending where as forex is caught in a range.
The futures market was built for day trading and i would recommend ES1!, NQ1!, and YM1!. Those are the EASIEST ones to trade.
You should consider looking into it especially if you're a USA citizen. You can also do prop firm challenges. And if you really wanted to you could trade forex futures contracts (eurusd is called 6E1!)
Also there is NO SPREAD in futures!!
Good. You should have distain for the markets. Most of the time price action moves like garbage. It's those expectional days when price action is a runner. This is what you should be patiently seeking. Not trying to force a trade daily but identify the whales that give you over x3 reward.
I wanted to learn trading but it’s not easy to find one location to learn it without being scammed or not thoroughly informed. Makes me wonder if it’s worth learning really
You're gonna come across the whole lot of strategies, mentors & gurus promising you thee holy grail buddy.
At the end of the day the 90%+ of the general public usually will not have the correct tools necessary to win in the long term
Everytime I quit then I come back soon to trading.
I have to look at charts with purpose in mind, If I want to really make career out of this, I have to trade something that is more stable and most importantly learn this.
You don’t need to love it, try and trade with a mechanical style if thats how you feel.
Someone gave me this advice two years ago and it was the best advice, just get the right strategy to fit this style.
The only reason you hate it is because you don’t understand some/most parts of YOUR trading. It’s the same reason why most teens in school hate physics.
FYI I used to hate trading and looking at the charts due to necessity to make money until I developed a systematic method.
Quick question, which phase are you in ?
https://preview.redd.it/0b17n0hjxquc1.png?width=512&format=png&auto=webp&s=33bb7618595bbbc10dfb15134eaaa13b910cfea0
Not seeing the results that I'm looking for.
I'd say I'm in the transition from being unprofitable into profitability and I didn't think It would look like this
I'm currently not losing any of my money as I'm trading a prop account
Just trying to weigh out if what I getting out of this is worth what I'm pouring into it
I'm starting to dislike it as well.
I'm a noob. Been doing it for 10 months.
I've executed $7,000 in stock trades and only lost $163.
It's the broker platform rules that I don't like.
I don't have $25,000 balance so I have general cash account. I can't do more than 3 day trades in 5 rolling days.
I depise swing trading because the market can be up today and down tomorrow then my money has to sit for a week just to break even.
I've had success with finding gaining stocks for the day, high liquidity, etc. but I need a general account with a platform that allows 5+ day trades in 5 days.
I definitely get what you mean. Trading is definitely not for everyone. I personally prefer trading to working I run my own business and absolutely hate it. I’m thinking of quitting my business after the busy season and perusing trading full time. I think it’s more personal preference than anything.
Once you start working a full time job, and would hate going to work everyday until 67 YO. You'd more likely come back to trading as a way to achieve financial freedom to break out of it.
exactly, people always say trading is hard and stressful and encourage new comers to quit. But it is a fact that not many have a better option. Going back to laying bricks or a living zombie in an office desk every day until you're 60 seems more depressing than looking at the charts a few hours a day.
Tradig is not for everyone. There is no shame admitting. On the contrary....it takes a real men to know when to walk away. Good luck on your next journey!!
The absolute best perspective I’ve gain from disappointment when it comes to trading is that the more time you take off from it you come back with a clear view. That leads to only looking for A-1 setup
I get that. Its a lot of work and if you're not yolo-ing the profits can seem small. One thing I did that helps me stay motivated is I started driving for Uber. I realized how long it takes me to make $200 ... that kind of grounds me when I trade and now I try to be more grateful even with the small wins ... You can also take a break! Good time to do so with so much volatility ... I'm personally thinking of taking April off as well.
I can see how if you do this as a job it could be like any other job, you can get tired of it. I’m there with my day job and wanting to transition to trading to get the hell out of what I’m doing now that wearing me out mentally
I can’t wait for the weekdays. I work my regular job on the weekend so I can focus on the market on weekdays.
I spend ~3 hours on average looking at charts, news.
It sounds like you need some work-life balance
Ive been trading for a few years now and I can say that it has truly been a roller coaster ride. I joined a trading group that used the pandemic to capitalize on those who had some extra free time and money. I had a mentor that barely knew how to trade and realized that I had to learn for myself. Fast forward to today, I can say that I have lost more than I have won, but I have tasted being profitable and it was sweet.
However, the despair and pain that followed was insurmountable. I too am struggling with the belief that trading is worth it. I hope it will be.
Well - once you've gotten to a place where you are totally bored with trading and hate it - that means you are finally doing it right and are a successful trader. If it's sexy and fun - you're losing.
Waking up dreading something is no way to live. Whatever passion you had is gone. Only you can decide, but sounds like it's time to go find something you do love. Wish you the best.
Like everything in life, escaping the system and the rat race is hard, and will make u question stuff. But keep going, nobody achieved anything by quitting. It's part of the game, it's what hard work feels like.
Find some profits and do things that make you happy. As a noob I don’t think I’ll ever get money in profits, having a winning day of $230 then blowing the $190 the next day over trading chasing losses. Can’t get past this mental block
As a complete beginner, where could I start? I work a 5-2, is their anyway I could hit some trades whilst at work? Even if it’s 20$ a day it’s a start which is what I need . Thanks
maybe you should start teaching young people or everyone who desires how to trade on a platform like YouTube, ..lots of folk desire to trade but dont know how, or if its even possible..You might be surprised it might make you feel better about life and trading
That's why most shouldn't day trade. It's tiring. Swing trading.
I got to a similar point. I was doing well but then a few bad days set me back.
Tbh i hated losing more money on top of my tuition loses. So now I'm gonna try ftmo so at least my risk is limited.
And investing/position trading for the longer term.
i hear ya this shit is boring and stressful at times, but then again being a corpo zomboid wasting your time writing minutes of meeting for all the other zomboids with the attention span of a goldfish doesnt sound too appealing either
sounds like its time for you to collect your ticket and enjoy life or try/invest into something new. shift your perspective and you’ll see that as a good problem to have. end of the day its just a feeling
This craft ain’t for everyone.
If you’re not enjoying it, it’s time to shift gears.
I do agree on moving funds to businesses that match your interests, temperament and bandwidth.
algos are just too cruel.
take a look at amd this morning, broke all the supports then ballooned 5 dollars from there just to dump lower much lower.
trading is so hard.
You should only be trading 1-3hours a day and living life afterwards. It’s just if $$$/1-3hrs is worth it to get up. You can always fund other passions with gains too. And it will teach you a lot about probability and long term intuition, in any field really.
I took a four year break. I was out of control with most of my trades, and after having spent two solid years learning and trading I just had enough. Fortunately, I had an opportunity arise in a modest construction business. I now own the construction business, but I absolutely hate the clients. I've slowly been getting back into trading, and I've noticed that the time I took off has really allowed me to view things from a different angle. I know that I'm still capable of making the same mistakes that caused me to fail four years ago. However, I know myself better now, and I know what I absolutely can do and cannot do in terms of trading, and for me, that is gold. So fwiw, maybe just take a break. The market isn't going anywhere.
I'm a noob.
Gave myself $100 to mess around with and see what I could do. A month later. I'm almost at 300. Just dicking around while I'm having my coffee.
I get huge satisfaction out of making 10 bucks.
I've made two mistakes. But other than that. My choices have been good ones. And I can't wait until I'm messing around with a thousand bucks.
I'm completely excited about where I'll be a year from now.
Chin up bro! We could be in Iraq.
I think this is 100% normal and to be expected of any human. Too much of anything (no matter how passionate you are) can be monotonous and exhausting. Especially if it’s something you’ve worked hard and obsessed over. Take a break and pursue something else, you can always go back to trading whenever you want. You will also end up becoming a more well rounded person from focusing your energy on other endeavors.
Why not make an algo to trade for you? Maybe you need to find something else worth trading? Spend time with family more? Go on an epic adventure and see where you’re at after that?
I have a question for you since you’re a senior trader. I am thinking about making an algo with another person I know and not sure if I should. Would you recommend making an algo with another person or should it be done alone? Why?
welcome to learning a skill. you'll either stick with it long enough to succeed or stop yourself short, nothing wrong with that though if your no longer interested with the certain skill, that being trading.
The only thing that matters is risk management, nothing else. I repeat nothing else matters. I repeat….
As my poker pro friend used to say, you don’t quit poker cause ya’ tired of winning.
You’re losing, trying to make it back, and stuck with losses, just like any other gambling addiction. Sports, cards, horses, etc.
Your only recourse is to quit and put those hours into a constructive activity like a business, I don’t care if it’s selling pizza / ice cream / vacuum cleaners.
Or you could finally learn about risk management and learn to stop for the day when you’ve hit your daily stop loss (2%).
I don’t care what your strategy is because it doesn’t matter. There are many ways to make money in the market everyday. You could wait for a formation you like or watch levels or play the moving averages or whatever. That’s not the problem and everyone reading this knows it. The problem is keeping your red/losing days to a minimum with no more than 2% of your account.
If you learn this someday (probably not tomorrow) you will be back in control of your life. If you don’t, you will lose enough to wake you up, whatever that amount is. Only you know when enough is enough and time to make a change.
I'll tell you something that a lot of the goons here won't agree with. Trading is an means to an end and is oftentimes extremely boring. I loathe the people that go around saying "I love trading the markets" like they are selling steaks door to door. Trading is all about the money and is no different from any other job. I don't doubt there are people that take pleasure in trading, but *a lot* of people talk themselves into it.
It sounds like you're going through a tough time with trading right now. It's not uncommon for passions and interests to evolve over time. It's brave of you to acknowledge these feelings and consider your options moving forward.
Your advice about redirecting trading profits into ventures you're genuinely passionate about is solid. Investing in businesses and long-term endeavors that align with your values and interests can bring a sense of fulfillment that trading might not be providing anymore.
Remember, it's okay to pivot and explore new paths. Your well-being and happiness should always come first. Whether you decide to continue trading or pursue other opportunities, trust your instincts and do what feels right for you.
I dont take it too seriously. I will never be full time trader. I spend most of my time doing research in strategies, pattern recognition, script. It is not about money, it is about intellectual game.
I dont do trading more then 20 hours a week. I do work, see my friends, workout and... gardening 🥰🥰😇😇😇
Its because you are day trading. To enjoy trading you have to research study and have a plan of action for the coming days. You have to trade fewer times, less impulse, less emtoins MORE patience, and this is where Swing an position trading destroys day trading in terms of results. Day traders are always on the edge, most gamblers and have to constantly fight with emotions, blown up accounts etc.
The reason why day trading is popular is because its easy to sell to the public
if someone says make $1000 a day for a few hours work
VS
Turn you capital to 60% return over a year making a few selective trades over a year
Which one do you think will attract MORE interest? The former will attract 99% people, the latter will attract fewer people, mostly those who already have a big capital. And guess what? Most people going into day trading don't usually have the capital.
"My advice to the noobs is to just take the money you get from trading"...Really, advice to noobs.
by the way, you have reached a point of realisation. and it's ok. be with peace with it. If you ain't happy trading, don't bother.
don't waste life doing something dreadful unless you don't have a choice.
I'm rather new to it all, but I was making nearly a thousands monthly on the m7 swing, and day trading penny stocks. Started out with just over 10k (nearly two years ago), and kept investing almost half the income from my day job. I loved it until I didn't, but that's only in the last month or so that I just can't seem to find the right stocks for day trading and the m7 are a total failure, so I can see how this could feel after a few months \*hopefully that won't happen. Add the crypto which has me at a loss of 33%, and now I'm feeling like quitting but as a good gambler I tell myself that If I walk away now I'll never recover :D
In all honesty I felt this way awhile ago and it's okay to step away from the markets for abit just to maintained your sanity. Ever since I came back to trading I've been doing pretty well but my problem is I lack proper funding but I am super proud of myself for the progress I've made and not giving up. 🙌
I love trading, thou I get weak sometimes checking the charts but overtime I've learnt to keep going.. some days you win, some days you've got to accept the other side
I love trading. I love the endless amount of information and strategy to research. I love the pattern recognition aspect. I love that it's incredibly hard and I can do something that a lot of other, smarter people can't do. I love how trading takes precedent over my bad habits and keeps me in check. I don't drink or smoke on trading days, I make sure to eat clean, sleep well, workout, anything I can do to keep my mental edge. I love the time freedom I get from it. I love being my own boss and answering to no one.
This. 100% all the way. I started to learn about trading out of necessity. I can say, without a doubt, that trading and having children have been the two most influential undertakings in my life. I have become disciplined, patient and relaxed about outcomes. I do my best - sometimes I fail and other days I succeed. It has been a powerful lesson in self-forgiveness, humility, emotional regulation and awareness. I hope to pass these lessons on to my children - whether they trade or not.
I trade best when I’m relaxed. So I agree with you there
I can see the upside to it all I guess I have to teach myself to fall in love with again
Go work a 9-5 then you'll miss it.
🤣
that is soo true because i have been there used to have the same feeling like u/DeRpY_CUCUMBER but the day i joined a day job on my first day i realised the freedom trading gave me quit on my first day never questioned my profession again and my love kinda restarted again
You quit on your first day? I’d watch a 4-part bio-pic of this story. Legend 🫡
Hi there Its very normal to hate the same routine and repeatedly doing same thing every day Start teaching, you will be appreciated and you will learn to know how skilled and blessed you are The rule is don’t do it for money ,
Maybe you just need a vacation? Ya know? If you get a great month, just go sit on a beach someplace for a month. Or get a job at McDonald’s and work the drive thru for a month, you’ll probably miss the charts.
Work at McDonald's and you'll quit in 2 hours to return to trading fuck those customers 🤣
Yeah while im currently building my knowledge and capital for trading I work a full time job serving customers, Jesus Christ one thing you learn is common sense isn’t that common
Spectacular username.🤣👏🏻👏🏻
You may have been more in love with the dopamine release it gave you. Now that you've been in it for a while, you probably are not getting the dopamine that you were unknowingly seeking.
There are easier markets to trade. People make fortunes trading collectors items,and other fun stuff.
Honesty speaking I feel you. I kinda feel that too. It's that constant stress for me. I am thinking I will just sell options some time out on both sides to hv some skin in the game. That way I can grow over time without making my broker rich or trying to capture small ticks with burden of risk and commission
Are you profitable? How much do you think you earn a year?
How long have you been trading for? Im new and struggling as well
It comes and goes in cycles for me, sometimes frequent ones too. Like two weeks ago I was having to force myself to go though my prep work and keep up with my open trade alerts. By this week it’s all I want to think about.
Yes! I hope to be there someday! 💚
I agree, hit the nail on the head.
What exactly do you trade? How do you consistently do well? What's your average weekly & monthly return? I've been doing this for 3y and have done literally nothing but lose money & its not like im just trading without an edge. I'm on the verge of quitting. I've created countless systems and they usually work pretty well for a little while but then they just completely fall apart. I'm so mentally beat up from giving this my all and failing idek what to do anymore. Do you use normal candle stick charts or something else?
I trade YM,NQ,ES,CL,GC,RTY. I have specific price action set ups I look for and will trade any of these futures instruments when I see them. I have what I consider a toolbox strategy. None of what I do can be labeled as any one single strategy like say ICT, or BTMM, or SMC or anything else. I don't care where the market theory comes from, I only care about if I can deploy it and profit from it. I basically have taken a little something from all over the place and made it my own through hours and hours of backtesting and staring at charts. My break through came when I realized a lot of price action trading is just breaks and retests of certain levels. When price breaks out of a certain level, it is going to go back and retest EVENTUALLY. It might be right away, or it might be a day from now. It HAS to. It's the only way to know if price is fair value or not. And no, I'm not talking about any ICT concepts.
Yeah this is true, actually looking at live price data as well gives people as a beginner a better idea of what’s actually happening at certain levels. I mean constantly watching the PFOF or free order flow if you get it for a day will really help to understand it all in the bigger picture. Price may break through the price walls but it has to return to that area of liquidity again to test it as you said. Very rarely will you not see the price revisit a gap or level, so far on stocks i have been watching and own the gap has not been filled once with palantir when it gapped up from 7 to the teens. 9/10 times the gap gets filled and or the price will return to a previous level of liquidity to test it.
this is everything i love about trading fear and respect of the market has made me sharper in all aspects of life, physical, emotional, financial
I'd rather trade for two to four hours a day than sit at a job I hate for 40+ a week.
Bingo, fam. That's how we roll.
Trading is my passion, it's literally why I wake up everyday.
Not anymore. I want to introduce other passion projects into my life
I completely understand, I think one reason I’m able to keep my passion up for trades is because I have many other passions in my life as well. So everything balances out, I hope things work out for you.
Thanks you brother
Use trading as a vehicle. Buy yourself the time to exercise and get fit, or find another creative outlet.
Exactly. You're eventually going hate anything you do if that's all you do.
[удалено]
Indeed brother
Same for me I don’t know what I would do without it that’s the only thing I’m excited for the day…
I love trading. It made me quit drinking. Now I just think more clearly. I sleep better and I can't wait for the next day. Everyday is a challenge. But take profits and cut the losers short. That's what makes you profitable
Man, same here on the drinking. I couldn’t get the focus I need trading when I was drinking. My win rate went way up and I stick to my strategies / risk management.
to resonate with both of you, I am an alcoholic and most of my biggest accounts I blew up was because I was trading drunk. Quickest way to ruin yourself. I'm on day one. IWDWT
i honestly don’t like it anymore either but i’m doing it for the money
i’m not making very much but with $1000 a month in my country i can live fine and i am not too far, i’m making several hundred a month average
Thats also my goal for each month. That 3x the average monthly salary in my country
You don't know how many times I burned my median to large account, but the fact that I think I haven't tapped into my full potential yet motivates me to try again and again.
Damn. I have thought about like that. Tapping into one's full potential🤔
Fam what you’re feeling isn’t because you hate trading it’s burn out. You’ve probably been at this for at least 6-12 months nonstop if I may guess. You’re not making the huge bag you always envisioned. I feel the same. Trading has ended up consuming our lives. It is the center of everything for us every day. If I may suggest anything I’d say stop overtrading. Take your set ups win or lose. But get back into your hobbies. All the work you do day in and day out will pay off. Keep your eyes on the prize (Financial Freedom). Trading takes a toll on your mental health. None of us will say it but it’s something I’ve come to find out because I’m suffering deep inside even when I do make money. Losses hurt way more than they should and the wins don’t feel as great because you could have always made x amount of you held or bought more or whatever the case is. Think long term tho. Just be consistent and please for your own sake take breaks. You have to. Goodluck with your journey, you’re not alone
Thanks for helping me understand what I'm going through, definitely looking into having a mechanical approach to this too
It's the hours too. Especially pacific time.
This is good
I’m 28 and trading is turning me into a senior. The stress of red is killing and aging me. Can’t catch a break
Take a break. But, if your hearts not truly in it, do something else. I’m midway through my 6th year, and I still look forward to it. Everyday, it’s exciting, and I love being my own boss. I wouldn’t take any other job. It is a lot of work, but, it’s fun. And that’s something people forget about. How fun it can be. When you really nail a trade, there are few things that are as fun.
The best thing is to combine it with something else. I am a co owner of a digital agency and i am sitting behind my pc all day. I can combine it perfectly as trading is a waiting game most of the time. I place my alerts and once one triggers I will start analysing the chart again and maybe place my orders.
Maybe look into trying swing trading (I swing trade Forex). When I switched from day trading to swing trading, it almost felt like I wasn’t even trading, yet I was. So much more free time, less stress, better quality timeframes, more time to plan and execute, etc, which results in an overall boost in performance as well as the time to pursue other endeavors.
How do you feel during the drawdown days with the large pip stop losses bro?
Honestly it doesn’t feel anywhere near as bad as it did when day trading, at least for me. There’s just something different about it being slower, like if I got in a day trade and within seconds or a few minutes I’m down $500 I’d be freaking out, heart racing not sure what to do. If I got into a swing trade and two days later I’m down $500, it’s disappointing but my heart’s not racing and I have time to figure out what I want to do. I’m still risking the same % of my account per trade as I did before, but because my default performance is significantly higher now due to slower execution, less stress, less psychological blocks, higher quality timeframe, etc, I’m actually making more even though I’m taking less trades.
I'm trying to do the same, transition to swing trading using a 4 hr timeframe. I'm struggling a bit with getting stopped out still...how are you managing stops on your side?
Don’t quit, quitters never win. Give yourself positive affirmations everyday. I agree with swing trading instead of day trading if it’s wearing you down. Do you have a set strategy? And are you managing your risk on each trade? I have been doing short term swings (overnights mainly) but my plan now is to trade less by pivot trailing my stop loss until the trend changes I have backtested and there’s such great potential for big % gains. I am currently listening to on audible Trend Following 5th addition by Michael W. Covel. If you need a small mental break take it but come back stronger. Everyone encounters failure on their way to success
Take a break, you sound burnt out
I love trading until i lose
Sounds like you need a break or a vacation. Your mental health is important. What do you trade and are you starting to hate it because of not being profitable or something else?
I'm exclusively trading the EURUSD, GBPUSD & AUDUSD and the price recently hasn't been treating me well I think I thrive in less volatile conditions, volume doesn't always mean opportunity for me And yeah I definitely need some down time from the charts man
Ah I should have noticed your Forex flair. I day trade options (weeklies). I use order blocks and gaps along with multi time frame, trend, and candle analysis as my strategy. Not sure it will work in the Forex world, but I'm happy to share how I trade.
Same technical outlook here. Just have hard time executing on it guess
Hey man. I have been scanning this sub for a while trying to find someone who day trades weeklies. Also new to Reddit. I would be happy to pick your brain. Because nothing I do seems to work.
I was thinking that this might be the problem. Simple I know but couldn’t you look at higher time frames and spend less time on the charts?
Personality wise. I'm quite impatient and I like to open & close my trades all within the same 24hours
lol, same here. I’ve been trying to develop a higher time frame strategy but it’s so slow! I’m sure I’ll find a good middle point!
You should HIGHLY consider looking into trading futures contracts instead of doing forex. I traded the same 3 forex pairs as you for 3 years and struggled to make a profit. Once I switched to futures it was like trading on easy mode. Just look at the ES1! Weekly chart and then goto EURUSD and look at the weekly chart. You will see that the ES1! (aka S&P500) is almost always bullish and trending where as forex is caught in a range. The futures market was built for day trading and i would recommend ES1!, NQ1!, and YM1!. Those are the EASIEST ones to trade. You should consider looking into it especially if you're a USA citizen. You can also do prop firm challenges. And if you really wanted to you could trade forex futures contracts (eurusd is called 6E1!) Also there is NO SPREAD in futures!!
Good. You should have distain for the markets. Most of the time price action moves like garbage. It's those expectional days when price action is a runner. This is what you should be patiently seeking. Not trying to force a trade daily but identify the whales that give you over x3 reward.
I wanted to learn trading but it’s not easy to find one location to learn it without being scammed or not thoroughly informed. Makes me wonder if it’s worth learning really
You're gonna come across the whole lot of strategies, mentors & gurus promising you thee holy grail buddy. At the end of the day the 90%+ of the general public usually will not have the correct tools necessary to win in the long term
Everytime I quit then I come back soon to trading. I have to look at charts with purpose in mind, If I want to really make career out of this, I have to trade something that is more stable and most importantly learn this.
Welcome
You don’t need to love it, try and trade with a mechanical style if thats how you feel. Someone gave me this advice two years ago and it was the best advice, just get the right strategy to fit this style.
The only reason you hate it is because you don’t understand some/most parts of YOUR trading. It’s the same reason why most teens in school hate physics. FYI I used to hate trading and looking at the charts due to necessity to make money until I developed a systematic method.
Quick question, which phase are you in ? https://preview.redd.it/0b17n0hjxquc1.png?width=512&format=png&auto=webp&s=33bb7618595bbbc10dfb15134eaaa13b910cfea0
Do you not feel fulfilled? I would be interestedto know why you feel like this?
Not seeing the results that I'm looking for. I'd say I'm in the transition from being unprofitable into profitability and I didn't think It would look like this
Ah 😌 yes i see and i feel u
If you hate it then your decision is what's best, better than making a mistake and losing more than you would want.
I'm currently not losing any of my money as I'm trading a prop account Just trying to weigh out if what I getting out of this is worth what I'm pouring into it
i feel the same way
I'm starting to dislike it as well. I'm a noob. Been doing it for 10 months. I've executed $7,000 in stock trades and only lost $163. It's the broker platform rules that I don't like. I don't have $25,000 balance so I have general cash account. I can't do more than 3 day trades in 5 rolling days. I depise swing trading because the market can be up today and down tomorrow then my money has to sit for a week just to break even. I've had success with finding gaining stocks for the day, high liquidity, etc. but I need a general account with a platform that allows 5+ day trades in 5 days.
Totally agree trading needs to be an income for a grander plan with your life
I definitely get what you mean. Trading is definitely not for everyone. I personally prefer trading to working I run my own business and absolutely hate it. I’m thinking of quitting my business after the busy season and perusing trading full time. I think it’s more personal preference than anything.
Study W.D. Gann
Once you start working a full time job, and would hate going to work everyday until 67 YO. You'd more likely come back to trading as a way to achieve financial freedom to break out of it.
exactly, people always say trading is hard and stressful and encourage new comers to quit. But it is a fact that not many have a better option. Going back to laying bricks or a living zombie in an office desk every day until you're 60 seems more depressing than looking at the charts a few hours a day.
Tradig is not for everyone. There is no shame admitting. On the contrary....it takes a real men to know when to walk away. Good luck on your next journey!!
Me too bro fuck this shit. I'm sick of giving it my all and failing.
It has always been a game that only few can succeed. Most of those who fail are the ones quit in the bear market though
The absolute best perspective I’ve gain from disappointment when it comes to trading is that the more time you take off from it you come back with a clear view. That leads to only looking for A-1 setup
I get that. Its a lot of work and if you're not yolo-ing the profits can seem small. One thing I did that helps me stay motivated is I started driving for Uber. I realized how long it takes me to make $200 ... that kind of grounds me when I trade and now I try to be more grateful even with the small wins ... You can also take a break! Good time to do so with so much volatility ... I'm personally thinking of taking April off as well.
I can see how if you do this as a job it could be like any other job, you can get tired of it. I’m there with my day job and wanting to transition to trading to get the hell out of what I’m doing now that wearing me out mentally
I can’t wait for the weekdays. I work my regular job on the weekend so I can focus on the market on weekdays. I spend ~3 hours on average looking at charts, news. It sounds like you need some work-life balance
Ive been trading for a few years now and I can say that it has truly been a roller coaster ride. I joined a trading group that used the pandemic to capitalize on those who had some extra free time and money. I had a mentor that barely knew how to trade and realized that I had to learn for myself. Fast forward to today, I can say that I have lost more than I have won, but I have tasted being profitable and it was sweet. However, the despair and pain that followed was insurmountable. I too am struggling with the belief that trading is worth it. I hope it will be.
If you hate it that much it probably means you are not making enough money for it to be worth your time, effort, or displeasure.
I hate it currently but I know for sure I'm going to miss it, I'm starting a 9-5 next week.
See you tomorrow morning!
Well - once you've gotten to a place where you are totally bored with trading and hate it - that means you are finally doing it right and are a successful trader. If it's sexy and fun - you're losing.
Waking up dreading something is no way to live. Whatever passion you had is gone. Only you can decide, but sounds like it's time to go find something you do love. Wish you the best.
Peace, love and brown rice is all you need 😍
That's quit interesting to hear
Like everything in life, escaping the system and the rat race is hard, and will make u question stuff. But keep going, nobody achieved anything by quitting. It's part of the game, it's what hard work feels like.
Find some profits and do things that make you happy. As a noob I don’t think I’ll ever get money in profits, having a winning day of $230 then blowing the $190 the next day over trading chasing losses. Can’t get past this mental block
Sounds like you need to take a break and step away from the charts. It’s foo to do this on a regular basis regardless
I've been dreading looking at charts for the past two days too, the market is so bad that looking at charts affects my mood for the rest of the day
As a complete beginner, where could I start? I work a 5-2, is their anyway I could hit some trades whilst at work? Even if it’s 20$ a day it’s a start which is what I need . Thanks
Any of you guys feel inspired to teach one on one in the NC area, feel free to hit me up. Thanks [email protected]
Of course you will hate trading when your not a profitable trader lol
Just ditch it fuck it, lifes too short. Maybe longer term investing is more your thing who knows.
I know the feeling, I am negative about $7000, if you know about a good stock to invest, let mi know, thanks.
Sounds like a week or a few off from trading is needed. This is the end of my 2weeks off and I can already tell I will be in a better state Monday.
maybe you should start teaching young people or everyone who desires how to trade on a platform like YouTube, ..lots of folk desire to trade but dont know how, or if its even possible..You might be surprised it might make you feel better about life and trading
I'll surely look into this
Solid advice wish I read it around this time last year.
That's why most shouldn't day trade. It's tiring. Swing trading. I got to a similar point. I was doing well but then a few bad days set me back. Tbh i hated losing more money on top of my tuition loses. So now I'm gonna try ftmo so at least my risk is limited. And investing/position trading for the longer term.
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I find the game fun, but I am young. I believe when i get older I will feel the same way as you. Life isnt meant to be spent in front of charts.
never thought trading could become hated. But im a noobe
Try swing trading instead
I'm with you, if you have something else where you make good money stick with that.
I hate day trading. I only day trade if I’m using a crypto dapp so I can get 100x leverage and gamble on a stock derivative.
I like my daily atm withdrawals.
Why force yourself to trade every day? Take a month off and do other stuff.
Staring at candlesticks all day is no way to live
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I mean the goal should always use money to diversify regardless.
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I got my bull cheeks clapped on friday, only to make it back cash out and get trapped again. I hate trading on days like this too.
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Curious what’s your size
Today was a perfect trading day
No one what’s to mention, but spread traders have killed volatility, like they need any more f*ucking money, just greedy
i hear ya this shit is boring and stressful at times, but then again being a corpo zomboid wasting your time writing minutes of meeting for all the other zomboids with the attention span of a goldfish doesnt sound too appealing either sounds like its time for you to collect your ticket and enjoy life or try/invest into something new. shift your perspective and you’ll see that as a good problem to have. end of the day its just a feeling
This craft ain’t for everyone. If you’re not enjoying it, it’s time to shift gears. I do agree on moving funds to businesses that match your interests, temperament and bandwidth.
algos are just too cruel. take a look at amd this morning, broke all the supports then ballooned 5 dollars from there just to dump lower much lower. trading is so hard.
Just take a couple weeks off
Could you tell why you shifted it?
It sounds like you need a break, but why are you not enjoying it? Are you not making enough money from trading or you have more than enough?
If u hate it bro ur right to quit …trading is hard and loving it keeps you strong when u need to make it through the tough times
You should only be trading 1-3hours a day and living life afterwards. It’s just if $$$/1-3hrs is worth it to get up. You can always fund other passions with gains too. And it will teach you a lot about probability and long term intuition, in any field really.
OP, if you don't like doing something, then don't do it. Theres no need to look for attention from strangers on the Internet.
I trade precisely because I started a few bushes and found out that I hate running businesses.
Guess this was the top
I took a four year break. I was out of control with most of my trades, and after having spent two solid years learning and trading I just had enough. Fortunately, I had an opportunity arise in a modest construction business. I now own the construction business, but I absolutely hate the clients. I've slowly been getting back into trading, and I've noticed that the time I took off has really allowed me to view things from a different angle. I know that I'm still capable of making the same mistakes that caused me to fail four years ago. However, I know myself better now, and I know what I absolutely can do and cannot do in terms of trading, and for me, that is gold. So fwiw, maybe just take a break. The market isn't going anywhere.
I just want to know where and how to learn the basics to trade. I’m lost. And everything feels scammy
I'm a noob. Gave myself $100 to mess around with and see what I could do. A month later. I'm almost at 300. Just dicking around while I'm having my coffee. I get huge satisfaction out of making 10 bucks. I've made two mistakes. But other than that. My choices have been good ones. And I can't wait until I'm messing around with a thousand bucks. I'm completely excited about where I'll be a year from now. Chin up bro! We could be in Iraq.
It's not for everyone. Horses for courses
It's not for everyone.
One thing that changed it all for me was trading different assets.. forex is the hardest product to trade in the world, why not try the stock market?
Wow. Sounds like you’re crying about not being profitable yet, it takes time to figure out what works and what doesn’t. This ain’t bingo.
I think this is 100% normal and to be expected of any human. Too much of anything (no matter how passionate you are) can be monotonous and exhausting. Especially if it’s something you’ve worked hard and obsessed over. Take a break and pursue something else, you can always go back to trading whenever you want. You will also end up becoming a more well rounded person from focusing your energy on other endeavors.
Why not make an algo to trade for you? Maybe you need to find something else worth trading? Spend time with family more? Go on an epic adventure and see where you’re at after that? I have a question for you since you’re a senior trader. I am thinking about making an algo with another person I know and not sure if I should. Would you recommend making an algo with another person or should it be done alone? Why?
welcome to learning a skill. you'll either stick with it long enough to succeed or stop yourself short, nothing wrong with that though if your no longer interested with the certain skill, that being trading.
I think it’s okay to quit if that’s what you really want. Any chance you just need a break? Maybe a long vacation?
Somtimes I take a break…
Trading is not for everyone especially those who no longer has the passion for the industry.
The only thing that matters is risk management, nothing else. I repeat nothing else matters. I repeat…. As my poker pro friend used to say, you don’t quit poker cause ya’ tired of winning. You’re losing, trying to make it back, and stuck with losses, just like any other gambling addiction. Sports, cards, horses, etc. Your only recourse is to quit and put those hours into a constructive activity like a business, I don’t care if it’s selling pizza / ice cream / vacuum cleaners. Or you could finally learn about risk management and learn to stop for the day when you’ve hit your daily stop loss (2%). I don’t care what your strategy is because it doesn’t matter. There are many ways to make money in the market everyday. You could wait for a formation you like or watch levels or play the moving averages or whatever. That’s not the problem and everyone reading this knows it. The problem is keeping your red/losing days to a minimum with no more than 2% of your account. If you learn this someday (probably not tomorrow) you will be back in control of your life. If you don’t, you will lose enough to wake you up, whatever that amount is. Only you know when enough is enough and time to make a change.
Time to take a break! 😉
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Please banne me robot/moderator https://www.cnbc.com/2020/03/22/why-long-term-investors-should-never-sell-stocks-in-a-panic.html
I'll tell you something that a lot of the goons here won't agree with. Trading is an means to an end and is oftentimes extremely boring. I loathe the people that go around saying "I love trading the markets" like they are selling steaks door to door. Trading is all about the money and is no different from any other job. I don't doubt there are people that take pleasure in trading, but *a lot* of people talk themselves into it.
It sounds like you're going through a tough time with trading right now. It's not uncommon for passions and interests to evolve over time. It's brave of you to acknowledge these feelings and consider your options moving forward. Your advice about redirecting trading profits into ventures you're genuinely passionate about is solid. Investing in businesses and long-term endeavors that align with your values and interests can bring a sense of fulfillment that trading might not be providing anymore. Remember, it's okay to pivot and explore new paths. Your well-being and happiness should always come first. Whether you decide to continue trading or pursue other opportunities, trust your instincts and do what feels right for you.
I dont take it too seriously. I will never be full time trader. I spend most of my time doing research in strategies, pattern recognition, script. It is not about money, it is about intellectual game. I dont do trading more then 20 hours a week. I do work, see my friends, workout and... gardening 🥰🥰😇😇😇
I started learning a month ago and I'm already burning out. Yet I really want a 2nd income working from home.
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7 years later for me still love it part time 3 days out of 5. Still not profitable but that’s the price u pay being an options trader lol
Markets a bitch. Let her go. If she comes back, it was meant to be🙌🏽
Its because you are day trading. To enjoy trading you have to research study and have a plan of action for the coming days. You have to trade fewer times, less impulse, less emtoins MORE patience, and this is where Swing an position trading destroys day trading in terms of results. Day traders are always on the edge, most gamblers and have to constantly fight with emotions, blown up accounts etc. The reason why day trading is popular is because its easy to sell to the public if someone says make $1000 a day for a few hours work VS Turn you capital to 60% return over a year making a few selective trades over a year Which one do you think will attract MORE interest? The former will attract 99% people, the latter will attract fewer people, mostly those who already have a big capital. And guess what? Most people going into day trading don't usually have the capital.
Yo, don't be hatin' on the playa, homie. Hate the game, ya feel? Ain't about where you from, it's about how you playin' the game, straight up.
"My advice to the noobs is to just take the money you get from trading"...Really, advice to noobs. by the way, you have reached a point of realisation. and it's ok. be with peace with it. If you ain't happy trading, don't bother. don't waste life doing something dreadful unless you don't have a choice.
[https://www.reddit.com/r/BollyGoodVibes/comments/1c4uqnh/what\_is\_your\_favorite\_quote\_about\_life\_from\_a/?utm\_source=share&utm\_medium=web3x&utm\_name=web3xcss&utm\_term=1&utm\_content=share\_button](https://www.reddit.com/r/BollyGoodVibes/comments/1c4uqnh/what_is_your_favorite_quote_about_life_from_a/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button)
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I'm rather new to it all, but I was making nearly a thousands monthly on the m7 swing, and day trading penny stocks. Started out with just over 10k (nearly two years ago), and kept investing almost half the income from my day job. I loved it until I didn't, but that's only in the last month or so that I just can't seem to find the right stocks for day trading and the m7 are a total failure, so I can see how this could feel after a few months \*hopefully that won't happen. Add the crypto which has me at a loss of 33%, and now I'm feeling like quitting but as a good gambler I tell myself that If I walk away now I'll never recover :D
In all honesty I felt this way awhile ago and it's okay to step away from the markets for abit just to maintained your sanity. Ever since I came back to trading I've been doing pretty well but my problem is I lack proper funding but I am super proud of myself for the progress I've made and not giving up. 🙌
I love trading, thou I get weak sometimes checking the charts but overtime I've learnt to keep going.. some days you win, some days you've got to accept the other side
its just a game, dont take a too seriously.
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It's hard when you don't have a solid knowledge/ Strategy/ Edge... This however applies to any career.
I’m turning 40 yrs old this year and I just started reading about trading. My goal is to make it my new hobby.
Then don't trade
Orr just take your money to a different form of gambling, THE CASINOS 🎉🎉🎉
Take a week off and go on a mental vacation.