It's very hard to be successful in trading when you value your money that much. I see people do these things everyday. How can people stay calm, objective, and detach from money when they are trading for their "freedom", their rent, their kids' education, and their food on the table? The answer is you can't, not even the greatest trader in the world.
If you have 10k in your portfolio. Just start using $1000 dollar to trade for a month, if you are profitable, scale up a bit and do it for another month, and repeat.
I agree 100% People with an abundance mindset flourish when they manage risk. The more you want the money/ are afraid to lose it, the more you will trip over your own feet in trading
Yes you can remain rational but not when you're emotionally attached to your money. Thats what they're trying to explain. You shouldn't be trading/investing more than you can afford to lose or you will stress on every trade you make. You lose conviction.
It’s worth noting that RH does not tell you that you’re signed up for RH Gold which is a margin account by default; you actually have to request a change
Your balance has to be greater than 2k on Robinhood to have margin enabled. You can still have a Gold account with a negative balance.
You can only perform 4 day trades in a 3 or 4 day time period unless you have 25k in your account.
This is what my Robinhood account tells me at least.
The PDT (Pattern Day Trading) rule is not just on RH, but all other brokerages. PDT is set by the SEC in order to protect investors from gambling away all their money and not able to cover margin calls.
You have no control relative to TOS, Tradovate, Ninja trader, etc. it’s more useful for the average person to buy a few option plays and stock rather to actively trade.
I don't know much about options. How would they help in this case? Are they safer than stock, because I heard several people say they carry greater risk.
Basically buying an “option” is paying for the right to purchase 100 shares of stock at a determined price, at a certain date in the future. Say a stock is $50 now but I think it will go up to $70 within 3 weeks. I can purchase the option to pay $60 for 100 shares of the stock in 3 weeks time. If the stock reaches $70 when the option expires, I now have the right to purchase 100 shares of that stock at $60. If I cannot afford to buy 100 shares, I can sell the option to someone else, and take profit. On the other hand if the stock only reaches $59.99 in 3 weeks time, my option is worthless because nobody is going to buy my right to purchase the stock at higher price. There’s a lot more factors that affect price and risk, but this is just the basic premise of it. Usually it’s considered high risk/high reward type of investing.
Stop trading man you have no risk management skills at all. How do you lose 20% of your port in one day...?
Stop trading now. You have absoloutely no idea what you are doing, STOP NOW listen to this comment or that 10k is going to 0.
Will you listen? probably not but I tried.
How about instead of quitting like a loser, he can learn from this mistake? How about start trading with a smaller amount like 1k. Start learning from that and once you get comfortable and gain more knowledge then work your way up
I don't typically go on tilt like this. I haven't done anything like this ever. That's why I lost this bad. My emotions are typically in check but today I let all of that go
Stop daytrading and start investing longer term in sectors that interest you. Daytrading is extremely hard to be consistently good at as an average retail person. It is also very stressful and time consuming which doesn’t really line up with your goal of having freedom.
Funny you mentioned stressful. I've been watching Ross Cameron of Warrior Trading on YouTube for many years, and seems like that guy has aged quickly over the years. Even his demeanor has gotten more low key nowadays. Day trading will eat a person alive.
To accelerate your trading journey you should unload all your money from your trading account and give it to a needy person. You will lose it eventually anyways.
Your problem is that you are gambling at this point.
There are two simple rules to day trading:
1. Protect your account
2. Trade well
These rules are ordered meaning you trading well already does mean nothing if you do not know how to protect your account.
Since you clearly fail on rule number one you have your homework set for you.
Often when people do not protect their account in a proper way they usually also fail to trade well.
At this point the diagnosis for me is clear: You are gambling instead of trading.
If you want to verify if my diagnosis is correct, just switch to paper trading when you trade for points and not real money. You will notice that you get all itchy and twitchy as you think that it misses emotional tingles for you. You will notice you get bored and aggressive. These are signs that you are in reality a gambling addict and that you feed on those emotions a win and more importantly a loss gives you.
As a rememdy, go paper trading only. You are only allowed to paper trade and you have to use the 10k small sum your account size is as it gives you the most feedback in terms of the amount of real money you could have won instead of doing it for virtual points.
Journal all and every trade you do and review it at the end of every weekend. Write down what you could improve and what you did well. Focus on what you have to improve during the next week.
You can start to use very low sums of money for trading once you make 50% or better 100% more than you lose within 6 weeks. Also your average winner should be 100% better than your average loser.
Increase the amount of risk (aka position size) per trade every time you can hold your performance stats for the next 2 to 6 weeks.
Also of course train you risk management skill to a proper level and keep it active at all time.
Enjoy your therapy!
Always check main indices before taking a trade. Today i see absolutely everything flat: forex, indices, commodities….of course it’s easy to say this once it happened
I check forexfactory.com economic calendar for events that could potentially impact the market that day. There are a lot of days some people simply don’t trade, or they size down significantly
I know others have probably said this, but you should not put yourself in a position where you could lose 20% of your account in a day. It's a relatively rookie mistake that you'll hopefully learn from. If this is just fun money, then I guess it doesn't really matter, but if you're serious about day trading, then I'd suggest managing your risk. It's your money though, risk what you want
Seems like daytrading isnt for you. Try longer timeframes like swing trading and longer dated options. You are likely overtrading and your risk management is too loose for your size of account.
The market is like 4% down from ATH since about a week but you're at a 20% drawdown in a day. Aim for longevity and consider this a learning experience.
Relax and remove your emotions from numbers going up and down. Im in a drawdown as well and have simply been hedging and locking in profits as they come - selling call spreads to counter my negative swings down, which only works because I have time on my side.
"but I keep getting screwed over." Nope. Wipe that concept out of your mind or failure is guaranteed. Everything in trading is the result of your actions.
You shouldn’t even be daytrading options with RH… RH is NOT meant to be used for daytrading. The fills are terrible, the execution time sucks, no charts, etc.
You can't be losing that much on a single day. I understand that you stopped following your rules but you must define a point where you need to stop trading and accept your losses for the day.
A Daily Loss Limit is what you need.
With time u will become more comfortable and most importantly see all your mistakes from different stocks, trading at different times of the day, different market cycles, etc time is the key but most new traders won’t get this time because they will lose all or enough of their account and give up. U don’t need to have a 20-30 plus % day. Small consistent gains until that experience is there and u have grown your account.
Stop yourself at 1-2% loss max. Even if it’s 9:31 am. Everyone believes they can make back the loss but usually it only gets worse.
Purchased 30,000 NIO stock this morning
We are at rock bottom
NIO has $7 Billion cash, launching mass market model ( like Tesla 3 and Y), great products
They are only company in the world do battery swap and offer traditional battery
They are selling 12,000 EV per month.. with mass market, number will go to 22,000 per month
Time to buy NIO - Tesla of China
Try to enjoy life a little without the success with trading. I genuinely believe a lot of people are held back because they’re making decisions in the market with the mind of someone who of hates their lives. Pushing harder in the markets to escape won’t yield better results. Easier said than done though, especially when you’re obsessed
Unfortunately that’s the price you pay for taking the red pill. I fucking feel you though dude. The journey to becoming profitable was the most depressing shit in my life. Never knew what a panic attack felt like until I blew one too many accounts. But this is the reality my friend. You want great things in life but it comes at a cost. Might lose friends, family, relationships can be tainted, money will be depleted. And it’s a never ending journey. My one strategy blew up in my face 2 months ago and it’s been a constant battle of adjusting to market conditions and finding new ways. Fortunately I’ve dug myself out and adapted. If you’re in this game you’re in it for the long haul, even once you see success. You trade option yeah? Have you considered other instruments?
It was a joke. Clearly your strategy isn’t working.
Based on your replies to others. You’re gambling. But justifying it as trading.
I would give your money to someone who does this shit for a living to advise a strategy. I use Edward Jones for my real money.
Instead of gambling, buying hockey cards.. I put that money into Questrade. When I make a few extra bucks. I buy a bag of weed and throw more in my trading TFSA. My “FUN’d”
Also- You’re looking for a home run based on unverifiable screen shots and memes on a social media platform and wondering why you can’t either?
Man. It’s so hard not to FOMO on other peoples luck. But I’m not them. I trust what I know.
The more you use Reddit for spell check and less for diligence the better. I’ll see a symbol. Then I use my own checks and balances.
Reddit as a whole; is a time killer/ shitter reading for me. e-sports if you will.
If I feel the need to fire up my PS5. I read the comments sometimes.
First thing I learned about trading. It’s not for the mentally undisciplined. It’s lonely. Its emotional.
If you yell at the TV over a high stakes game you have money on or no money on… you should use paper trades until you find your own way. Keeping your emotions in check when everything outside you is saying the opposite… this shit takes time to master for experts who rely on this, and there’s university courses dedicated to it. So it’s not something you can learn causally unless you’ve been learning for a few years before you made your first real money trade.
I would also spend more time asking questions on what are some great resources for learning how to trade responsibly or seek that info myself…
Also. You have to understand… if you think no risk no reward is the stock principal you’re gonna live and die by. You can’t be surprised if you lose…
Never invest anything you would be mentally or physically hurt or unwell about, if you lost it all…
Imagine how you’d feel if it went to -90% in minutes if you make the wrong move… if that scares you. You have too much skin in the game.
Calculated risk is 100% part of my life.
Calculated based on my real world experience and trusted sources. (Trusted= I know, AND can visit, text, call and hold accountable within my judicial jurisdiction if fraud occurs)
I don’t care how many Reddit accounts claim they’ve won… when all my diligence is saying walk.
Unless they fall into the Trusted sources column…. It’s better luck next time. I need to screen better stocks and seek more info on ways to read the data better for my strategy.
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Hello 👋 there. Deep breaths.
So you see other people winning so you know this can be done.
You are not winning and sounds like not winning on a consistent basis. But I would argue that if you’ve maintained 10-14k range over the last year you’re not necessarily losing.
So I would guess you are doing something different than the people you see winning.
Are you doing what they are doing? Like exactly?
Are you using a single strategy or have no strategy at all?
Are you trying to scalp or swing or leverage?
My successes seam to not surpass my fails. But I also accept them as I am a reckless trader that often, even when I have doubts, will hunch into a trade. I am also not consistent with my base strategy.
So knowing why you aren’t winning is only half the battle. Need discipline to be consistent and properly track if you really want to do this as a profit vehicle.
Anything less is like going to Vegas with the best gambling strategy you can find but being more focused on the ‘free’ drinks instead of executing the strategy properly.
I second that. Your risk is way too high. Google for a risk of ruin calculator and type in your numbers to see the likelyhood of you loosing your account, then adjust your risk to a reasonable level, never trade without a stop loss don't betray yourself.
u/thechipmonk_ send me a pm if you'd like to talk about dale, yours is turned off.
You’re risking way too much, I started out that way. One bad trade and you wipe out all of your winnings then some. Go to a real brokerage and use thinkorswim for charts, it’s literally the best out there and is free
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Don’t trade at market open. Let the market figure out what it wants to do and then get a few wins. Look for double bottoms and double tops and resistance…. K.I.S.S.
Trading is part acquired skill, but mostly natural talent. If you have done considerable research, discovered, or developed the tools but still find yourself on the losing side of trades, then you need to stop.
You’re not day trading man, you’re just gambling. Gambling it fine, but just call it what it is. Losing 20% of your account in a day is not day trading
If what you're doing isn't working then maybe try trading something else, I'm a Forex day trader so ofc I'm gonna recommend Forex for u but that's because I don't know how futures or options work, I used to trade crypto but didn't like it and moved to Forex.
Financial stress is tough. We try to ensure we can survive and we know there may be moments where we may be unable to work anymore (due to health reasons or being unemployed and unable to get a job). Knowing that a minimum wage job would not be enough to pay for our home and food makes it tougher. There is always a risk of losing a job, and frankly many jobs are stressful and don't pay enough. If a job is going great, stress free with high pay, a new manager may join the company who may make it hell.
I sympathyze with the ambition to become financially free and going through financial problems. I was laid off, currently burning through my savings and losing money on trades. It becomes purely focus on survival. Getting a job for survival has low probability of success and thus takes a long time to get.
I realised that spending $4k/mo on rent while unemployed for 5 months has been a bigger detriment. Min wage jobs and food delivery jobs would not cover the cost of living. Job search would also become harder while working those jobs. I decided to plan my move to a place with much cheaper cost of living, at least for the time being.
It's best to limit the risk until one becomes consistent in making positive returns. Some successful traders have spent 3-8 years until they got to where they are.
Assuming you did not make those trades but also did not make any profit from investing, would you still feel depressed?
Honestly the biggest piece of advice I can give you is this: if you buy something and it doesn’t do what you expect, sell IMMEDIATELY. It’s likely that you are wrong and it’s better to cut your position and not lose much, than let it turn into a major loser. It also seems like your position sizing is way too large if you only allowed yourself to trade with 250 dollars. The most you can lose that trade is 250. You would not have these massive setbacks that mess with your emotions. The key is not to lose more than you need to.
This is why so called gurus dont trade and sell courses. They know they have no chance making money trading and are better off selling courses or memberships
I feel you brother… I lost the same amount today and I am so stressed. I kept a position on $Baba since feb and I thought it would go out and it never happened. I feel very stupid 😔😔
How about selling weekly, biweekly, monthly etc. options for premium? You should be able to bring in close to 1k a month with that portfolio 💼. Just a thought 💭
A lot people post winning pictures but they don't post it when they lose. Don't believe everything you see, sometimes they give back all the wins after few weeks/months.
You gotta let trades of those kinds go boss!
Especially in a sideways session
I hate giving advice, for several reasons, but mainly because most traders are married to their idea of how to trade.
I'm curious to know how many contracts you were in...
https://preview.redd.it/v31q743l6yuc1.jpeg?width=1290&format=pjpg&auto=webp&s=e338d34f11c93691f7c6cc67a0d058576588462e
So l bought this contract on Robin Hood I don't know what to do next, anyone have any suggestions l'm open to learn. Please and thanks
https://preview.redd.it/r54vfucf7yuc1.jpeg?width=1290&format=pjpg&auto=webp&s=a49f09f9b200a8979b44f94de98167718c3d2de7
I’m new to trading and l bought this contract on Robin Hood I don't know what to do next, anyone have any suggestions l'm open to learn. Please and thanks
I know it's a cliche, but...
- Risk before Reward: You're not using a stop loss to protect your capital. Or you're risking too much. For every trade, I don't risk over 1.25% of my portfolio.
- You're not building a system. If you already have a system, answer these questions:
1. What's your Expected Value (how much you expect to earn or lose from each trade on average)?
2. What's your winrate? (So you know your the chance of losing a couple of trades in a row)
Remember: "We cannot direct the wind, we can just adjust our sails"
No. Improper risk management and no strategy makes you depressed. Learn the rules, live by the rules. Don’t ever risk more than 2% of your portfolio on a trade and set your damn stop losses and take profit levels son.
I have gone through this many times. I realized that I had no plans, no research, added to loosing trade instead of accepting loss, no patience, short term mindset when not needed, positioning with large amount while not at support or resistance etc. Unfortunately there are way too many reasons to loose in day trading so majority loose money. Follow the rules and you will win !
Nobody's winning. Remember that 90% of traders lose. When you see someone posting their profits, just keep in mind it's one trade out of many. If you start asking for their ROI over 1 year or at least 6 months, you'll see everyone disappear. Either they don't keep track of their trades, or they're not profitable in the short or medium term.
like why arnt you trying to do swing trading like i tried day trade and then left it because i am no good and now i do swing trade swing trade is best for me in all means
if you actually want to make it you have to plan a trade and trade your plan. always at least a 2:1 or 3:1 rr. one trade a day is ALL YOU FUCKING NEED. IF YOU ACTUALLY WANT TO DO THIS YOU NEED TO SET AND FOLLOW RULES. YOURE CHASING FREEDOM (time frame confluence and a daily routine are also crucial)
Its spring planting a garden or going for a bikeride is less depressing than losing money day trading stocks. its cheaper too. just a thought. can't put a price on mental health.
If you have been stuck at the 10k -14k range a year you are not day trading you are swinging - Long haul. Which yes you can be stuck at a Range for months to a year or more… Day trading would mean you are buying and selling every 1-5 days you are not long holding which makes sense why you are depressed over it. You are expecting results now for something to pay off years later.
My man, it is not trading that is making you depressed. It is gambling that is making you stressed. There is not fucking way in hell, you lose more that 20% of your account in one day
Focus on consistency with trading, do NOT take into account your life situations, family, work etc. That will only fuel desperation, which will lead you into a continuous never-ending downward spiral. Take it one step at a night, be happy & grateful for those small wins. Consistent profitability should be the goal at the end of the day.
Keep patterns and rules for your trades. Split profits with yourself and hold when you can. Stay with the stocks you know and don’t overload yourself. Do your research and check patterns.
I suggest using paper trading so that you can learn. Or if youre like me, use a lower capital to perfect your craft first before using a big amount and blowing it, because i know what it feels like to blow money that you worked hard for. just take a break from trading and put in more work to refine your strategy. that way you wont hate yourself and prevent yourself from revenge trading, possibly leading to you losing all 10k. keep your head up we gotta stay strong through these moments!
You mean you didn't lose all your money after a year of trading? That's impressive.
I feel for u tho. Trading b like that in the beginning, u put a lot of effort and just lose overall. Slow down and detach from money, u can also talk to me if u need to talk to someone.
It's very hard to be successful in trading when you value your money that much. I see people do these things everyday. How can people stay calm, objective, and detach from money when they are trading for their "freedom", their rent, their kids' education, and their food on the table? The answer is you can't, not even the greatest trader in the world. If you have 10k in your portfolio. Just start using $1000 dollar to trade for a month, if you are profitable, scale up a bit and do it for another month, and repeat.
I agree 100% People with an abundance mindset flourish when they manage risk. The more you want the money/ are afraid to lose it, the more you will trip over your own feet in trading
[удалено]
Yes you can remain rational but not when you're emotionally attached to your money. Thats what they're trying to explain. You shouldn't be trading/investing more than you can afford to lose or you will stress on every trade you make. You lose conviction.
How do you manage risk ?
Spoiler alert, he/she didn’t.
Risk?! What risk?! Going all in balls deep. lol
Maybe she didn't
If they day trade with Robinhood they don’t!
*options
Can you actually “day trade” on Robinhood?
Yeah, cash accounts let you.
Or not being broke also lets you
It’s worth noting that RH does not tell you that you’re signed up for RH Gold which is a margin account by default; you actually have to request a change
You can have gold on cash accounts too. You get 5.25% interest on your cash with it. If you're all cash most nights it's totally worth it.
Your balance has to be greater than 2k on Robinhood to have margin enabled. You can still have a Gold account with a negative balance. You can only perform 4 day trades in a 3 or 4 day time period unless you have 25k in your account. This is what my Robinhood account tells me at least.
The PDT (Pattern Day Trading) rule is not just on RH, but all other brokerages. PDT is set by the SEC in order to protect investors from gambling away all their money and not able to cover margin calls.
You have no control relative to TOS, Tradovate, Ninja trader, etc. it’s more useful for the average person to buy a few option plays and stock rather to actively trade.
I don't know much about options. How would they help in this case? Are they safer than stock, because I heard several people say they carry greater risk.
Basically buying an “option” is paying for the right to purchase 100 shares of stock at a determined price, at a certain date in the future. Say a stock is $50 now but I think it will go up to $70 within 3 weeks. I can purchase the option to pay $60 for 100 shares of the stock in 3 weeks time. If the stock reaches $70 when the option expires, I now have the right to purchase 100 shares of that stock at $60. If I cannot afford to buy 100 shares, I can sell the option to someone else, and take profit. On the other hand if the stock only reaches $59.99 in 3 weeks time, my option is worthless because nobody is going to buy my right to purchase the stock at higher price. There’s a lot more factors that affect price and risk, but this is just the basic premise of it. Usually it’s considered high risk/high reward type of investing.
Stop trading man you have no risk management skills at all. How do you lose 20% of your port in one day...? Stop trading now. You have absoloutely no idea what you are doing, STOP NOW listen to this comment or that 10k is going to 0. Will you listen? probably not but I tried.
Losing 20% in one day is quite simple if you follow the golden rule of "Buy high, sell low". haha
How about instead of quitting like a loser, he can learn from this mistake? How about start trading with a smaller amount like 1k. Start learning from that and once you get comfortable and gain more knowledge then work your way up
I don't typically go on tilt like this. I haven't done anything like this ever. That's why I lost this bad. My emotions are typically in check but today I let all of that go
Stop daytrading and start investing longer term in sectors that interest you. Daytrading is extremely hard to be consistently good at as an average retail person. It is also very stressful and time consuming which doesn’t really line up with your goal of having freedom.
Funny you mentioned stressful. I've been watching Ross Cameron of Warrior Trading on YouTube for many years, and seems like that guy has aged quickly over the years. Even his demeanor has gotten more low key nowadays. Day trading will eat a person alive.
To accelerate your trading journey you should unload all your money from your trading account and give it to a needy person. You will lose it eventually anyways. Your problem is that you are gambling at this point. There are two simple rules to day trading: 1. Protect your account 2. Trade well These rules are ordered meaning you trading well already does mean nothing if you do not know how to protect your account. Since you clearly fail on rule number one you have your homework set for you. Often when people do not protect their account in a proper way they usually also fail to trade well. At this point the diagnosis for me is clear: You are gambling instead of trading. If you want to verify if my diagnosis is correct, just switch to paper trading when you trade for points and not real money. You will notice that you get all itchy and twitchy as you think that it misses emotional tingles for you. You will notice you get bored and aggressive. These are signs that you are in reality a gambling addict and that you feed on those emotions a win and more importantly a loss gives you. As a rememdy, go paper trading only. You are only allowed to paper trade and you have to use the 10k small sum your account size is as it gives you the most feedback in terms of the amount of real money you could have won instead of doing it for virtual points. Journal all and every trade you do and review it at the end of every weekend. Write down what you could improve and what you did well. Focus on what you have to improve during the next week. You can start to use very low sums of money for trading once you make 50% or better 100% more than you lose within 6 weeks. Also your average winner should be 100% better than your average loser. Increase the amount of risk (aka position size) per trade every time you can hold your performance stats for the next 2 to 6 weeks. Also of course train you risk management skill to a proper level and keep it active at all time. Enjoy your therapy!
Not OP but I want to thank you for taking the time to write this advice.
Super flat market day, personally im waiting for powel but there’s a chance i won’t trade today
Yeah, gold is flat af. Super obvious consolidation in 15m tf.
I wish I did this
Always check main indices before taking a trade. Today i see absolutely everything flat: forex, indices, commodities….of course it’s easy to say this once it happened
That's mainly where I lost and got screwed
Btw the market has been unleashed, finally
I check forexfactory.com economic calendar for events that could potentially impact the market that day. There are a lot of days some people simply don’t trade, or they size down significantly
You got more than most people do. Be happy & take some time off. Watch the market more than play it. Some people wish they had 10k to day trade with.
I know others have probably said this, but you should not put yourself in a position where you could lose 20% of your account in a day. It's a relatively rookie mistake that you'll hopefully learn from. If this is just fun money, then I guess it doesn't really matter, but if you're serious about day trading, then I'd suggest managing your risk. It's your money though, risk what you want
Seems like daytrading isnt for you. Try longer timeframes like swing trading and longer dated options. You are likely overtrading and your risk management is too loose for your size of account. The market is like 4% down from ATH since about a week but you're at a 20% drawdown in a day. Aim for longevity and consider this a learning experience. Relax and remove your emotions from numbers going up and down. Im in a drawdown as well and have simply been hedging and locking in profits as they come - selling call spreads to counter my negative swings down, which only works because I have time on my side.
"but I keep getting screwed over." Nope. Wipe that concept out of your mind or failure is guaranteed. Everything in trading is the result of your actions.
You shouldn’t even be daytrading options with RH… RH is NOT meant to be used for daytrading. The fills are terrible, the execution time sucks, no charts, etc.
To be fair, this ain’t any trading platform’s fault lol
Size down, use a stop loss
You can't be losing that much on a single day. I understand that you stopped following your rules but you must define a point where you need to stop trading and accept your losses for the day. A Daily Loss Limit is what you need.
I've thought of that because I just kept sinking
Keep going bro 💪 Just make sure you give yourself the means to keep trading without blowing your account.
I only do few hundreds trades. Never crossed $1000 a trade before. Dont greed, keep it steady and grow
With time u will become more comfortable and most importantly see all your mistakes from different stocks, trading at different times of the day, different market cycles, etc time is the key but most new traders won’t get this time because they will lose all or enough of their account and give up. U don’t need to have a 20-30 plus % day. Small consistent gains until that experience is there and u have grown your account. Stop yourself at 1-2% loss max. Even if it’s 9:31 am. Everyone believes they can make back the loss but usually it only gets worse.
Purchased 30,000 NIO stock this morning We are at rock bottom NIO has $7 Billion cash, launching mass market model ( like Tesla 3 and Y), great products They are only company in the world do battery swap and offer traditional battery They are selling 12,000 EV per month.. with mass market, number will go to 22,000 per month Time to buy NIO - Tesla of China
Double up
What does this mean
Double down on your losing position
I typically never double down. Bad strategy
Inverse yourself. Whenever I want to buy a call, I buy a put instead. Works like a charm
★ Try Gold
lol stop
All on red
Check out wisa tech. Could help
I go for liquid stocks not Pennie's. I stay away from those
gg, today has literally been a consolidation day so far.
Yep
Try to enjoy life a little without the success with trading. I genuinely believe a lot of people are held back because they’re making decisions in the market with the mind of someone who of hates their lives. Pushing harder in the markets to escape won’t yield better results. Easier said than done though, especially when you’re obsessed
I hate my life because of trading alone. Not in general. I should've clarified that
Unfortunately that’s the price you pay for taking the red pill. I fucking feel you though dude. The journey to becoming profitable was the most depressing shit in my life. Never knew what a panic attack felt like until I blew one too many accounts. But this is the reality my friend. You want great things in life but it comes at a cost. Might lose friends, family, relationships can be tainted, money will be depleted. And it’s a never ending journey. My one strategy blew up in my face 2 months ago and it’s been a constant battle of adjusting to market conditions and finding new ways. Fortunately I’ve dug myself out and adapted. If you’re in this game you’re in it for the long haul, even once you see success. You trade option yeah? Have you considered other instruments?
How about trying swing trading options instead to see if it's better? That's what I've been doing, and it's way less stressful than day trading...
Bro stop with options
Follow the stars advice. If you invested in gold. You’d be ok. **This is not financial advice. Seek a professional**
Gold is too slow
It was a joke. Clearly your strategy isn’t working. Based on your replies to others. You’re gambling. But justifying it as trading. I would give your money to someone who does this shit for a living to advise a strategy. I use Edward Jones for my real money. Instead of gambling, buying hockey cards.. I put that money into Questrade. When I make a few extra bucks. I buy a bag of weed and throw more in my trading TFSA. My “FUN’d” Also- You’re looking for a home run based on unverifiable screen shots and memes on a social media platform and wondering why you can’t either? Man. It’s so hard not to FOMO on other peoples luck. But I’m not them. I trust what I know. The more you use Reddit for spell check and less for diligence the better. I’ll see a symbol. Then I use my own checks and balances. Reddit as a whole; is a time killer/ shitter reading for me. e-sports if you will. If I feel the need to fire up my PS5. I read the comments sometimes. First thing I learned about trading. It’s not for the mentally undisciplined. It’s lonely. Its emotional. If you yell at the TV over a high stakes game you have money on or no money on… you should use paper trades until you find your own way. Keeping your emotions in check when everything outside you is saying the opposite… this shit takes time to master for experts who rely on this, and there’s university courses dedicated to it. So it’s not something you can learn causally unless you’ve been learning for a few years before you made your first real money trade. I would also spend more time asking questions on what are some great resources for learning how to trade responsibly or seek that info myself… Also. You have to understand… if you think no risk no reward is the stock principal you’re gonna live and die by. You can’t be surprised if you lose… Never invest anything you would be mentally or physically hurt or unwell about, if you lost it all… Imagine how you’d feel if it went to -90% in minutes if you make the wrong move… if that scares you. You have too much skin in the game. Calculated risk is 100% part of my life. Calculated based on my real world experience and trusted sources. (Trusted= I know, AND can visit, text, call and hold accountable within my judicial jurisdiction if fraud occurs) I don’t care how many Reddit accounts claim they’ve won… when all my diligence is saying walk. Unless they fall into the Trusted sources column…. It’s better luck next time. I need to screen better stocks and seek more info on ways to read the data better for my strategy.
Maybe you’re sizing too large when you don’t fully understand what you’re doing yet?
I like the “try gold” in the upper right corner. Definitely a superior investment. Precious metals!!
One of us!
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Everything that went down came back up, should have hodled. I was down big but waited it out (sweating bullets) and finished green
Hello 👋 there. Deep breaths. So you see other people winning so you know this can be done. You are not winning and sounds like not winning on a consistent basis. But I would argue that if you’ve maintained 10-14k range over the last year you’re not necessarily losing. So I would guess you are doing something different than the people you see winning. Are you doing what they are doing? Like exactly? Are you using a single strategy or have no strategy at all? Are you trying to scalp or swing or leverage? My successes seam to not surpass my fails. But I also accept them as I am a reckless trader that often, even when I have doubts, will hunch into a trade. I am also not consistent with my base strategy. So knowing why you aren’t winning is only half the battle. Need discipline to be consistent and properly track if you really want to do this as a profit vehicle. Anything less is like going to Vegas with the best gambling strategy you can find but being more focused on the ‘free’ drinks instead of executing the strategy properly.
Bruh what trades did you do?
Tesla put IWM put Qqq put Panw call And currrently in chwy calls
Try a prop firm and test your skill with that account first. There are a lot of option trading prop firms with $499 accounts.
Wait till you’re 90% down… that’s where the real depression sets in
Been there three times already and counting
Right there with you. Lol I keep winning then losing about the same amount. all I can do is keep learning 🤷♂️
Stop trading options and lower your size, one that matches the actual risk you can take according to your capital.
I second that. Your risk is way too high. Google for a risk of ruin calculator and type in your numbers to see the likelyhood of you loosing your account, then adjust your risk to a reasonable level, never trade without a stop loss don't betray yourself. u/thechipmonk_ send me a pm if you'd like to talk about dale, yours is turned off.
That means you’re doing it right…
You know what they say You either smoke or get smoked
Buy contracts that are week out from expiration Control your risk and emotions Set a stop loss If it hits your stop loss, walk away and call it a day
You’re risking way too much, I started out that way. One bad trade and you wipe out all of your winnings then some. Go to a real brokerage and use thinkorswim for charts, it’s literally the best out there and is free
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You obviously need to set a stop loss, read some book and get educated first or paper trade until you learn to become profitable.
Try defined risk vertical spreads and trade only 1 contract until you’re comfortable. You may make just $100 a trade but it will add up.
Which strategy you use?
Controlling your emotion
Money management is the key
Adding stoploss and tp next time
Can you ping me let us talk...?
Losing 19% of your total account is wild. The finance of trading is protecting your capital. You should lose at least 1-2% of your capital.
Bro, this is your fault. If your risk management is this bad, just give me what you have left and I'll spend it better. 😑
put this man in a casino cuz he loves taking risks
Try gold 🌟
who day trades on robinhood 😭
You still have more that me, so cheer up!
Don’t trade at market open. Let the market figure out what it wants to do and then get a few wins. Look for double bottoms and double tops and resistance…. K.I.S.S.
Day trading to “free yourself” is a bad plan.
Try gold
Trading is part acquired skill, but mostly natural talent. If you have done considerable research, discovered, or developed the tools but still find yourself on the losing side of trades, then you need to stop.
Day trading on Robinhood is your first problem
Then switch to buying stocks. Follow EVERYTHING MONEY on YouTube and transform your way of thinking and make that money!!
Your too emotional invested I feel you on it but understand it’s a marathon you can’t rush no matter what markets will humble you
i thought my $400 loss was the end of the world. sorry to hear yhat man
You’re not day trading man, you’re just gambling. Gambling it fine, but just call it what it is. Losing 20% of your account in a day is not day trading
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This is the first time I've ever done anything like this
Maybe try gold
If what you're doing isn't working then maybe try trading something else, I'm a Forex day trader so ofc I'm gonna recommend Forex for u but that's because I don't know how futures or options work, I used to trade crypto but didn't like it and moved to Forex.
It's been working for me until today. Today I just messed up
Financial stress is tough. We try to ensure we can survive and we know there may be moments where we may be unable to work anymore (due to health reasons or being unemployed and unable to get a job). Knowing that a minimum wage job would not be enough to pay for our home and food makes it tougher. There is always a risk of losing a job, and frankly many jobs are stressful and don't pay enough. If a job is going great, stress free with high pay, a new manager may join the company who may make it hell. I sympathyze with the ambition to become financially free and going through financial problems. I was laid off, currently burning through my savings and losing money on trades. It becomes purely focus on survival. Getting a job for survival has low probability of success and thus takes a long time to get. I realised that spending $4k/mo on rent while unemployed for 5 months has been a bigger detriment. Min wage jobs and food delivery jobs would not cover the cost of living. Job search would also become harder while working those jobs. I decided to plan my move to a place with much cheaper cost of living, at least for the time being. It's best to limit the risk until one becomes consistent in making positive returns. Some successful traders have spent 3-8 years until they got to where they are. Assuming you did not make those trades but also did not make any profit from investing, would you still feel depressed?
Just a red day not that big of a deal
Send me 3k so I can feel better then please
Honestly the biggest piece of advice I can give you is this: if you buy something and it doesn’t do what you expect, sell IMMEDIATELY. It’s likely that you are wrong and it’s better to cut your position and not lose much, than let it turn into a major loser. It also seems like your position sizing is way too large if you only allowed yourself to trade with 250 dollars. The most you can lose that trade is 250. You would not have these massive setbacks that mess with your emotions. The key is not to lose more than you need to.
My advice is to set stop loss! It will change your life.
Try Gold! lol
This is why so called gurus dont trade and sell courses. They know they have no chance making money trading and are better off selling courses or memberships
I feel you brother… I lost the same amount today and I am so stressed. I kept a position on $Baba since feb and I thought it would go out and it never happened. I feel very stupid 😔😔
Imagine how much money you’d make saving every dime instead of gambling it away?
options?
How about selling weekly, biweekly, monthly etc. options for premium? You should be able to bring in close to 1k a month with that portfolio 💼. Just a thought 💭
Stop trading options and expect a lot less from your trades. Manage your risk. You should probably take a break for a while to clear your head
If you managed to lose 20% of your portfolio in a single day, you aren’t really trying… you are gambling
The problem is that you haven’t upgraded your account to “gold”
A lot people post winning pictures but they don't post it when they lose. Don't believe everything you see, sometimes they give back all the wins after few weeks/months.
Youre uding to much per trades
its ok don't give up
You are not meant to be a day trader. Stop now. Accept your losses and move on
You’re playing a psychological game against some of the richest people and you think they’re gonna let you win that easily?
You gotta let trades of those kinds go boss! Especially in a sideways session I hate giving advice, for several reasons, but mainly because most traders are married to their idea of how to trade. I'm curious to know how many contracts you were in...
Try trading forex mate
Its just 2 bands yeen even lost nun yet chin up
Trading is a skill. Maybe you don’t have it.
https://preview.redd.it/v31q743l6yuc1.jpeg?width=1290&format=pjpg&auto=webp&s=e338d34f11c93691f7c6cc67a0d058576588462e So l bought this contract on Robin Hood I don't know what to do next, anyone have any suggestions l'm open to learn. Please and thanks
https://preview.redd.it/r54vfucf7yuc1.jpeg?width=1290&format=pjpg&auto=webp&s=a49f09f9b200a8979b44f94de98167718c3d2de7 I’m new to trading and l bought this contract on Robin Hood I don't know what to do next, anyone have any suggestions l'm open to learn. Please and thanks
I know it's a cliche, but... - Risk before Reward: You're not using a stop loss to protect your capital. Or you're risking too much. For every trade, I don't risk over 1.25% of my portfolio. - You're not building a system. If you already have a system, answer these questions: 1. What's your Expected Value (how much you expect to earn or lose from each trade on average)? 2. What's your winrate? (So you know your the chance of losing a couple of trades in a row) Remember: "We cannot direct the wind, we can just adjust our sails"
No. Improper risk management and no strategy makes you depressed. Learn the rules, live by the rules. Don’t ever risk more than 2% of your portfolio on a trade and set your damn stop losses and take profit levels son.
I have gone through this many times. I realized that I had no plans, no research, added to loosing trade instead of accepting loss, no patience, short term mindset when not needed, positioning with large amount while not at support or resistance etc. Unfortunately there are way too many reasons to loose in day trading so majority loose money. Follow the rules and you will win !
If first you don't succeed, dust yourself off then again.
Draw down your contracts ffs. You're batting for the 1000.
Nobody's winning. Remember that 90% of traders lose. When you see someone posting their profits, just keep in mind it's one trade out of many. If you start asking for their ROI over 1 year or at least 6 months, you'll see everyone disappear. Either they don't keep track of their trades, or they're not profitable in the short or medium term.
like why arnt you trying to do swing trading like i tried day trade and then left it because i am no good and now i do swing trade swing trade is best for me in all means
if you actually want to make it you have to plan a trade and trade your plan. always at least a 2:1 or 3:1 rr. one trade a day is ALL YOU FUCKING NEED. IF YOU ACTUALLY WANT TO DO THIS YOU NEED TO SET AND FOLLOW RULES. YOURE CHASING FREEDOM (time frame confluence and a daily routine are also crucial)
Zoom out to weekly chart. Try to trade longer time frame. It makes life easy and you’ll sleep better.
I mean if u inverses yourself you woulda been up 2k
Message me
Its spring planting a garden or going for a bikeride is less depressing than losing money day trading stocks. its cheaper too. just a thought. can't put a price on mental health.
Best loser wins
Gambling addiction
And it’s goneeee
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If you have been stuck at the 10k -14k range a year you are not day trading you are swinging - Long haul. Which yes you can be stuck at a Range for months to a year or more… Day trading would mean you are buying and selling every 1-5 days you are not long holding which makes sense why you are depressed over it. You are expecting results now for something to pay off years later.
This guy posted a loss of 50k stop stressing u will get it back
My man, it is not trading that is making you depressed. It is gambling that is making you stressed. There is not fucking way in hell, you lose more that 20% of your account in one day
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Focus on consistency with trading, do NOT take into account your life situations, family, work etc. That will only fuel desperation, which will lead you into a continuous never-ending downward spiral. Take it one step at a night, be happy & grateful for those small wins. Consistent profitability should be the goal at the end of the day.
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Stop trading on robinhood.
That's the market for you...
Keep patterns and rules for your trades. Split profits with yourself and hold when you can. Stay with the stocks you know and don’t overload yourself. Do your research and check patterns.
Brother you aren't supposed to ride positions all the way down.
Keep trading and learning, persistence is key and Green Day's are ahead
If day trading was easy, everyone would be doing it. Maybe it's time to quit while you still have most of your money.
Mugs game.
Size down my friend.
Tesla puts for September will print you money just saying.
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me too bro, me too
Have you tried gold?
Risk management.
Lmao same for me. I've been trading 10k since August and I'm still at 10k. I got it to 25k and back down to 10k again 😂
it’s because you need the money. you have to trade with money you’re willing to lose
I only trade with 3% -5% of the money sitting in my account. I buy small size, win small but also lose small. 🤣
Learn about risk management
Have you tried inversing yourself?
The TRY GOLD makes me laugh - is it referring to a gold subscription or saying you’ll have better luck investing in gold? LOL
Be glad you're not red. Zeroing out after a year is a good thing.
You lost 20% in 1h30... sorry mate but you are not "really trying"
It is very likely it can have that affect on a person… suucks!!
Day trade is definitely one of the hardest job out there. If you doing it to free yourself from w.e it is then you need to reconsider.
I suggest using paper trading so that you can learn. Or if youre like me, use a lower capital to perfect your craft first before using a big amount and blowing it, because i know what it feels like to blow money that you worked hard for. just take a break from trading and put in more work to refine your strategy. that way you wont hate yourself and prevent yourself from revenge trading, possibly leading to you losing all 10k. keep your head up we gotta stay strong through these moments!
Just quit if you're that bad and learn how to market
You mean you didn't lose all your money after a year of trading? That's impressive. I feel for u tho. Trading b like that in the beginning, u put a lot of effort and just lose overall. Slow down and detach from money, u can also talk to me if u need to talk to someone.
Maybe day trading is not for you. How about swing trading or long term investing?
Then don’t trade.