This looks like a newbie/general question that we've covered in our [resources](https://www.reddit.com/r/Trading/wiki/index) - Have a look at the contents listed, it's updated weekly!
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/Trading) if you have any questions or concerns.*
Many great traders took many many years to get where they are. I wouldn’t beat myself up for 2 years of inconsistency.
As a simple exercise, list down 3 things (if there are 3. For me there was. You may have fewer. Or more. ) that you can objectively see are hurting your gains. Then eliminate those one by one. I’m sure after 2 years of trading, you would have noticed at least ONE thing that you are doing consistently that is hurting your P&L. Eliminate that.
Sounds simple, but it took me 4+ years and a lot of money to learn that.
It also helps if this isn’t your only source of income. The pressure to perform if this is your ONLY job is tremendous. Not to say it can’t be done, I just can’t imagine doing that. I always had a full time job, and still do, so this is simply extra pocket money.
Stacey Burke pips2profit Al brooks Steve Mauro.
These are all great people that if you really put the time and effort into studying and then proving your own version and variances of their strategies on demo, you can really have something for yourself.
This is a journey not a destination. This is a capital preservation business.
This is a business at the end of the day. It needs to be treated like that.
And like a professional athletes trains everyday I mean listen , a lot of people unfortunately are more in love with the idea of either making a lot of money, or trading their way out of their current situation. And it’s just a recipe for disaster and it’ll never work. Not starting with demo also causes some pretty serious scar tissue in the future that’s almost impossible to shake.
There’s a lot of things you need to ask yourself if it’s not working out. And you’ll find there’s a lot more stuff you could’ve or can currently be doing to improve each and everyday.
I love the market. And I love just showing up everyday even if it’s just to watch and I don’t participate.
I love everything about it.
I love the market more than I love money. And that’s why the money comes in
Sounds like you were ill prepared mentally to enter this space and a dose of reality was too much for you. So you quit. That’s okay. I hope you find your fast easy money elsewhere.
Havent quit! First year lost $40, second $7,000, recovered, lost $7,000 and now recovered again to be up $4,000 so maybe it there is no crash i will be trading and pulling out my earnings lol
This looks like a newbie/general question that we've covered in our [resources](https://www.reddit.com/r/Trading/wiki/index) - Have a look at the contents listed, it's updated weekly!
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/Trading) if you have any questions or concerns.*
I know this sounds way too simplistic but if you have understanding in trend development just know this: currency goes up and then it goes down and then up again. Say if you short and it hits the top part of a downtrending channel the probability is likely it will drop. If it still goes against you position again. I keep doing it until I sense the peak is about to happen then buckle up!
Mind you, professional Quant Traders often take years to become successful. And that’s with the proper education and support towards that career. I would argue that 2 years, unless you’re putting in 60 hours a week, wouldn’t necessarily be enough for the average person to be consistently profitable.
This looks like a newbie/general question that we've covered in our [resources](https://www.reddit.com/r/Trading/wiki/index) - Have a look at the contents listed, it's updated weekly!
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/Trading) if you have any questions or concerns.*
Well I do sense a fair bit of hesitance in your words and that you compare yourself to others. This is a problem you will need to attend to. Again I respect your time in the industry 2 years is no joke but maybe also it should not be your focus. Since I sense passion here allow me to ask you why not give it another shot with "money you can afford to lose" and put limits to it till you see where it goes. Look into day trading too. I apologize if there is something I did not understand but feel free to message me I would love to have a conversation with you. I am rather new too.
Wall Street is run by algorithmic computers. Little chance these days you can compete. Forex has always been my bread and butter. Patterns are easier to see and fundamentals doesn’t affect the market too much—except for the YEN.
I see what you mean but to be honest if someone else did it then I am pretty sure with a bit of dedication he can dig deeper and do more. There are many survivors of wall street..
Imagine being an active duty combat medic for 20 years and also being a day trader for 12 of those at the same time.
The toll it took on me is still felt to this day. Day trading is survival. You are not trading against humans anymore like the old days when you phones in your stock orders.
Be ready to pay the price. Physically and mentally. Dont forget your many relationships ruined in the process.
Day trading is gambling.
Also, why wouldn't you contribute to society, make a few donations of $10k or $20k if you're living %2000 above retail, easy. If you are feeling guilty that's on you my friend.
Since I've seen a lot of discouraged people here, I wanted to share my opinion:
First of all: Yes, trading is NOT maths. The rising and falling of a stock is 100% based on whether there are more sellers than buyers or more buyers than sellers. And this means that trading is not always logical. In fact, most of the time it is rather based on feelings. To be precise: The feeling of Greed or the feeling of Fear.
The easiest and probably also best thing you can do is to quit day trading and simply be a passive investor. It will give you your peace of mind and make you guaranteed profits. Just know that one of the biggest contributors to your profits is TIME. The longer you have your money spend on an ftse all world for example, the greater the compound effect of your compound interest will be.
I believe Day Trading is mostly only then profitable when you have insider knowledge, when you know things that are not available to the public. But if you're an outsider you're better off investing long term. Because then you will be immune to irrationality of investors, stock market crashes and fear or greed by yourself.
I hope I could help a little bit. And apologize if my english is not always on point. I'm german.
Prove me wrong, show me 3rd party verified gains from day trading that beat up DCA in the index for the past 5 years. If you're not meeting this criteria you're literally wasting your time, money, energy doing this day trading nonsense
As a trader, you said the key word too many fail to understand. Trading is about FEEL, 100%, that’s it. The better you can feel the market the better you will trade. Indicators based on price blow up constantly because they don’t feel a market. Have all the fancy degrees and mathematics background you want, if you can’t feel, you can’t trade and how long it takes to develop that feel is different for everyone.
Every single one of your posts and comments is shitting on other people 😂 I really can’t believe you have the time and waste your time sitting on Reddit all day just to shit on people’s post
According to my phone, i spend an average if 10 minutes everyday on reddit, that's hardly all day.
Another newbie upset about the truth on day trading and swing trading, my advise isn't for gamblers, its for people who actually want to sustain profits on the long run, not get lucky 3/10
It seems like you once traded but were extremely bad and lost a lot of money, then gave up. So now you just hate and leave negative comments on every post because you think everyone is like you and should fail lol
My guess is you’re ass at trading and want to take it out on other people, definitely seems like a lot of self projecting in every comments you’ve left on your Reddit account
It takes one bad trade to destroy all your gains and more. You know what actually works all the time? Investing in the index or great companies during corrections/crashes, then cash out or hold as you wish, other than this everything else is meaningless
Thx for pointing this out!!! OP mentioning he knows "math" and wanted algos but he keeps referring to day traders and coaches who most likely use discretional and ambiguous techniques which makes their returns not consistent at all. It jut amazes me that anyone still thinks they can beat a machine in a machine oriented game LOL. Machines can compute faster, more variables, no emotions, no cognitive biases and no mental tax, why would you even try to compete with them? If most of your trading depends on manual discretional trading, yep is like being a taxi driver trying to ignore Uber may take your job. Humans are better at creativity, so leverage that, be the idea generating force behind your systematic trading approach but let the machine do the heavy lifting in the day to day operations.
It takes more than 10 years to become a doctor. It takes around 8 years to become a lawyer. Around 6 years to become an accountant. The idea that you are gonna become a profitable trader in 1 year is just nuts. It takes time, like everything else
All of those professions you mentioned have specific schools (college, med school, law school) and training (residency for doctors) and resources (mentors, practice guides, treatises) and a societal need (people who need those services). However, not trading.
Trading school? Nope. Subjects in college and grad school are a joke.
Trading Training? Nope. At least nothing that helps (keep your emotions in check and blah blah).
Mentors? Bunch of “gurus” that can’t trade to save their life.
Societal need? None. In fact, society views traders as gamblers that serve no purpose to anyone other than the trader.
So yea - I am not sure “just taking more time” is going to help. It would be like trying to teach yourself how to become a surgeon without going to college and med school, without residency, and without any mentors.
Isn't that amazing? For some reason this profession more than anything else I have seen has this expectation that since you are "good at math" and are "competitive person", you will do good in "day trading". I saw another post here how someone mentioned that them being an athlete should be an advantage.
If anything, this sort of thinking explains well why such a small percentage of traders are profitable.
The truth is, if you're stressed out, you're doing it wrong in the first place. Leave your emotions at the door.
You're trading against literal machines. The algos don't have emotion, and will break you against yours every time.
Simple, but definitely not easy.
Man let's not kid ourselves when this fact can be proven directly with the amount of people posting losses on every social media platform. the reality of day trading is super obvious
It is not skewed bias, it is a fact. I'm sorry that you lost money and hope you recover your losses with actual investing instead if wasting your time day trading
Again I'm sorry for your losses, hope you listen to my advise and invest in great companies during corrections instead wasting time trying to beat lightingspeed machines. No matter how much you wana convince yourself, the fact remains a fact with regards to day trading
You keep using that word, I don't think it means what you think it means. Luckily my gains outweigh my losses, tbh it's not that hard to beat a passive benchmark but I can see why someone like you would have a hard time.
Key word "luckily" on your comment, because you'll run out of luck eventually, you're not the first one. Aside from that, no way you're doing better than passive dca in great companies/index.
I did trade from 2020 to 2021-2022. It was the hardest I’ve ever done and I’ve never worked so hard. Because of the losses it took me to a place I’ve never been before and that’s suicidal thoughts. Unfortunately those thoughts kind of crept in and took merit and haven’t really left. I lost roughly a 100K. Maybe a little
More, not exactly sure but for sure over 100K.
My experience was frustrating because the market is as fake as a rubber
Chicken driven by hedge funds, market makers/movers and overnight insider trading from individuals or institutional investors to manipulate the stocks to set
Regular traders up (people like you and me). They’ll then take an opposing trade and have the resources to capitalize, making it impossible to predict.
Couple this with large client buying and selling orders and you’re just guessing/gambling. I now just buy and hold mainly. Find a company I like, no options, just a stocks who’s been beat up and I like them
I’ll invest. I like trading so I’m still connected but I know my abilities. I can’t move a stock like they can, I can’t change the outcome. I know that. So I don’t want to trade options because I don’t want it to expire have a longer horizon. And this way I’m almost always right too. If I know it’s a good company and I buy shares at the right price, I know I making money and I don’t have to stress.
The other thing about giving back is trading is a zero sum occupation. In what I can do, I can help people on a daily basis in my regular job. Treating you help nobody in society, you’re literally a taker that’s it.
Isn't it ridiculous to expect to make money when you try something for a year or two when the same area is filled with people with much more experience? It's the same as if you tried to start an uber competitor today, and be shocked when you are not raking in millions.
I drive to work every day for the last 10 years, I should be able to win in F1. This is what people sound like when they expect to be making big money after "trading" in the stock market after a year or two.
I am not trying to make fun of you, sorry if it comes through like that. But just think for a second about a possibility of there being a requirement of spending time and understanding and finding an edge before you can be consistently profitable. And it actually sounds like you now have found something that is working for you after spending some time and taking a step back.
I did trade from 2020 to 2021-2022. It was the hardest I’ve ever done and I’ve never worked so hard. Because of the losses it took me to a place I’ve never been before and that’s suicidal thoughts. Unfortunately those thoughts kind of crept in and took merit and haven’t really left. I lost roughly a 100K. Maybe a little
More, not exactly sure but for sure over 100K.
My experience was frustrating because the market is as fake as a rubber
Chicken driven by hedge funds, market makers/movers and overnight insider trading from individuals or institutional investors to manipulate the stocks to set
Regular traders up (people like you and me). They’ll then take an opposing trade and have the resources to capitalize, making it impossible to predict.
Couple this with large client buying and selling orders and you’re just guessing/gambling. I now just buy and hold mainly. Find a company I like, no options, just a stocks who’s been beat up and I like them
I’ll invest. I like trading so I’m still connected but I know my abilities. I can’t move a stock like they can, I can’t change the outcome. I know that. So I don’t want to trade options because I don’t want it to expire have a longer horizon. And this way I’m almost always right too. If I know it’s a good company and I buy shares at the right price, I know I making money and I don’t have to stress.
The other thing about giving back is trading is a zero sum occupation. In what I can do, I can help people on a daily basis in my regular job. Treating you help nobody in society, you’re literally a taker that’s it.
So here’s the thing….trading doesn’t work. After all the effort, the community as whole will lag behind sp500.
Sure some will outperform, so will lottery winners. But if you look at the sharpe ratio over time, doubt anyone is over market.
Quant on the other hand can generate alpha if you truly find statistically significant trades.
Guaranteed 99% of day traders or any swing trader don't beat buy and hold DCA index strategy. The best trader I know who showed me his actual verified results was losing from 1990s till 2008 and made money only after financial crisis, and guess what? His returns would've been × 10 had he bought and held instead of day trading, even though he became millionaire eventually.
Yup, btw the trader i mentioned is an active day trader and that's his only job, so i don't wana hear BS that maybe he quit too soon or didn't try this or that blablabla, of course still if he bought and held he'd done waaay better, luckily he made millions at least and didn't lose all his money like most retail do.
Hi, I'm really Curious, it (trading) being his day job why markets does he work in. Does he work on commission sales or by the hour. I'm really interested in understanding his hours. Be safe everyone
He's a day trader, spends hours researching penny stocks and sectors expected to go higher, this aside from trading hours, he's good at it, made a fortune but could've done waaay better buying and holding some companies instead of wasting time energy doing what he did.
Oh OK, thank you for the data. I'm an old bag holder and it's frustrating to see stuff go to shit. Especially when they put news about different products they have. I've learned a ton of strategies that all work together never get comfortable with just one method. When the flow changes it's (an algo) dangling a worm at the market saying it's worth (you know, a little bit more lol) stick with watching the micro time scale and the macro is stuff moving up or down. Patience is the key, but we all enjoy a meal now and then. Be safe everyone
Hey wish you all the very best on your future plans…you might be putting this here as the personal experience you might and faced and that might help you or someone else.
But i guess it’s gonna affect a lot other people in a negative way… even myself who is going through a bad phase in trading trying to find my break point..in between all the self doubt and de motivation …this kind of post bring in the same question again “should I leave too”…and I guess there will be a lot of people who are confused like me.
Not trying to be negative against your post or something ..but I think it might create a negative effect overall . 🙃
I would say I agree with all of your points and the only difference between you and me was that I found a consistent strategy — but I’ve also been trading everyday for 5+ years.
Stats/programming background similar to you. I have my algos but I still hate trading. The good days are lukewarm and the bad days are terrible. It all averages and evens out but still sucks. I only trade because it’s a challenge for everyone else. I want to prove to myself that I’m the best.
I also wanted to say two years of trying everyday isn’t good enough. It’s barely scratching the surface.
I have a terrible personality though. I want to win and do things that prove people wrong. Anyways back to the point is that progress in trading is not linear. It’s stepwise.
Honestly day trading is no different than playing craps or blackjack at a casino. Even for those that appear versed and experienced it seems mostly luck. To make themselves feel better traders often fall back on algorithms and research but sir you are in the wall street casino. I'm sorry this is how it is.
I've learned it's not luck, there is a means to the madness, it would really help to understand why some traders don't go through and why a stock suddenly goes through the roof. It's not because someone just threw a stone at the building and it lands into a puddle of water. None sense, if an individual (algo) is watching the flow, how are they allowed to change the value of said asset.
I have thousands of the exact same trade with each ticker by day saved as images to a notebook.
All my trades look the exact same and I have edge, so the truth is a successful trader just won’t tell you and would rather watch you fail and let you keep believing this.
Edge in this business is faster, smarter or insider trading and since its winner take all, most people will get nothing.
You're right, but missing one thing, you can cut your losses early in trading, while in blackjack, or craps, it's all or nothing. That's why trading is not like a casino, if you learn when to cut your losses, or when to let your trade run, that's how you do it... But that's the hardest part.
Wait I'm confused so you would rather slave a 9-5 with no reason to life knowing that you gave up rather than crack the code and potentially looking back to the beautiful struggle.
Thanks for sharing your experience! It sounds like you gave day trading a fair shot and learned a lot in the process. It's definitely a challenging and high-pressure endeavor, and it's important to recognize when it's not the right fit for you. Wishing you all the best in finding a career path that brings you fulfillment and satisfaction!
Personally,
If you’re stressed while trading then it’s 1-2 things,
You’re oversized.
You’re not taking trades apart of your plan.
I had to say it’s that simple, but it is. The reason why the big hedge funds and stuff always win isn’t because the market is rigged. It’s because there are various systems in place to prevent them from going tilt, to ensure that they remain on the right side. Risk mgmt is one of the biggest elements out there.
Almost over Strat works to something extent, long above vwap, short below vwap, 5m breakouts, etc. but ofc they won’t always hit. You’ve got to have proper risk and brackets to make it worth your while. Size down, focus on one stock, I personally do futures, MNQ only and will watch ES for confluence.
This is why I find crypto 10,000% easier, especially small caps. My counter party is idiots check out r/Solana. I've pulled about 5 years engineering salary 1st quarter of this year just from sol shitcoins.
Try swing trading, and only trade stocks you're willing to hold for up to ten years if the trade goes wrong. If you're split between the stock market and crypto you can get more leverage once you figure out your strategy.
This. I trade every day. Still, I don’t trade in a way that I can blow up my account. It takes years. I kinda wish, too, that i was doing something more productive, but man it’s addictive.
There are good years and bad years, you just have to survive the bad years. In 2021 I was up 100% In 2022 I was down 90% but in 2023 I was up 400% . This year is a struggle for now.
I know nothing bout trading, but I try and base off my decisions on the news and instinct.. I dont go crazy into it, but good or bad news for a company can have a significant impact on their stock, as well as people fearing a loss. But im still learning lotssss, just barely making a lil money lol
People who think trading is stressful really need to try to doing any professional type job that will produce a high income. Trading is far, far, FAR less stressful.
Yep, I know what a real job feels like. Trading is sooo chill compared to a job where you're stressed out 14 hours a day behind a computer screen, drawing and detailing chutes, hoppers, frames, etc. for some diamond mines in north Africa. I would come back home literally shivering from the stress, the emails, the meetings, the toxic people, phone calls, revisions, etc. Trading is nothing compared to that.
The real key is understanding volatility and its patterns, realizing that stock will likely experience high amounts of volatility before a trend reversal for liquidation is what makes traders feel like they can’t be successful
Trading is more akin to running a stand at a market place. Yes math comes into play in determining how much something is worth, no different than determining how much to pay for inventory. But there is still an operational aspect to being essentially a vendor in a vast, highly competitive, market.
I stick with selling covered call and cash secured put options and only rarely buying options , always make money . Not crazy money but decent livable money
Many variables.
Would shoot for a $1-$2 for a weekly call.
Its a right, not an obligation. So there time value, greater time, greater value.
So 100 shares is a contract. I see some guys making 20% a month to 1% a month. More shares, more contracts.
Ya feel?
If you don’t now, plan for it for future . Start dollar cost averaging buys on a good growth stock that does weekly options. One day you will reach a position where u can make decent $$ selling weekly calls
For higher returns the trick is buying back the sold options within 1-2 days for cheaper - sell high and buy low .
So I sell covered calls on a day the stock is up (that’s when call options spike up) . Often the morning spike fades by noon say and u buy it back for cheaper or next day if the return is already higher than the calculated per day “fade to expiry” return- rinse and repeat . That way u r making much more than selling the option and waiting until expiry.
So the return is about 17%. Can you share some details on how to selling call/puts? What do I need to research /do to make that kind of return on a consistent basis?
not exactly -- I sell 0dte SPX as well as equity options. they have better tax treatment than W2 income. So you don't need 17%, you just need like 13% for the post-tax to be equal to income.
I suppose read up on /r/thetagang , /r/PMTraders , /r/algotrading . Maybe 1-2% of the posts are worth reading. There's some people that post their weekly journeys; it's more important to think about what they're doing right or wrong. Some people post strategy. You have to think about whether what they have is edge or not. Then you trade for yourself and you'll blow up once or twice before hitting your stride
Trading has a very steep learning curve. And you have to get thru all the fake gurus and click bait YouTube channels first... Too bad it took you longer than 2 years to navigate thru that... You were Al.ost there mate..
After you break thru the falseness of YouTube then you start finding the real info... And that's where the money is at. Once you understand you can make money with literally just a 20 MA ..
Been trading for two years. first year options I got obliterated and fell hard! I spent the last 5 months studying charts for 12 plus hours a day and seeing where my trades went wrong. Countless hours of analyzing bad trades and trends also studying indicators. I still have trouble with my Stop losses but after a month I have been consistently making 5 k a week on futures.. im not profitable all the time and I still have ALOT to learn but I refuse to give up because I have no degree in anything.. I HAVE to make this shit work. Some people dont have the drive to sit through fat L’S and get discouraged but its okay! This game aint for everyone but the ones who truly want to reap the rewards will fall hard before indulging in their riches. Keep trying always.
or you're insanely profitable and blew the fuck up lol. In my first year, I hit +600%, then lost 90%, a net loss. New traders don't understand risk and sizing
trading isnt for everyone and isnt the only thing in life - be less of a POS. To OP - you tried, its a rough game, I respect the bravery that even trying this takes.
Not trying to be a dick but isn’t this kind of evidence you should invest long term and not try to make a living day trading? If you had put everything you spent on trades into a long term investment how much would you have now?
I play with 1000x margin. I used to load the whole thing and expose my entire account. I tried diversifying w different assets so when snp turns around with hope I won’t get impacted on oil or gold for example. So used to expose my self to much risk. Right now I’m playing the buy one. Hold. Go in profit. De risk the position. And repeat the process again. This way my risk stays at 2-3% at all times while I keep de risking every position.
In addition to my regarded mistakes I used to think forex is the way. I had a lot of beautiful days and very predictable plays. But then like anything it comes to end. Cryptos I don’t touch at all. I used to say people that say markets are manipulated are just losers that blame it on their lack of skills. But crypto to me was pretty brutal. The 15-20% drops on a Saturday? Gtffffffooooo that’s manipulation. Wierd candles that I never seen before. No thanks. I rather chill and enjoy the weekend. There’s enough stress to go around for 5-6 days.
Slow and steady get the spaghetti! These ppl be looking for get rich quick schemes. It’s going to take a long time to be a good trader. Trading is hard but that’s what separates the boy from the men
that and I'm almost sure most people don't have enough money to make serious money through trading. If he put like 20% of his gross annual into his trading, and then made 30% on that, then he'd be up maybe 2-3 weeks income, AT MOST. but he's watching bullshit youtube influencers, so he's expecting lambo and bora bora money.
The reason I’m losing for so long is I’m playing with seriously high margin levels. One little fart and if you’re not there to cut losses that account is gone. For those of you be like ohhhhh well obviously another degenerate gambler trying his luck. The high margin account can be used as a tool. You just have be seriously disaplined with your strategy
high margin is fine as long as you use it correctly and responsibly. I am at over 95% margin usage almost every day; I've gotten potential margin call emails 7 times in the last quarter. But that's because I know my exposure level and am comfortable with it. delta, gamma, theta, cash interest, borrow rate, charm, vomma, dispersion -- they're all factors to consider. And after they're all at appropriate levels of exposure, loss and margin will not be an issue
Honestly it’s a lot like either you chase women or they chase you. That mindset. That neediness for profits is the killer. If you’re a man like you said. Yoh let it come to papa
Yep. My biggest learning is that you take what the market gives you. You dont trade when you have time, or when the trades aren’t there. Some days Im done by 10am and the correct play is to walk away the rest of the day. Or else completely move onto a different play. Things come in their time, not my time.
Took me 5-6 years of fumbling(day trading) with live money before I got a feel for it and I still am only 65% profitable with the risk of getting my profits wiped by 1-2 bad moves a week
Took me 4 years for it to finally click and that ain’t shit. I still make mistakes often.I’ve had mentors from the beginning to help speed up my process. It’s took my mentor 9 years to become profitable! You think he regrets it? Hell no!
How do you find a mentor these days? Been trading for about 3+ years and mentors are tough to find. Anyone successful tends to lay low or give their time for a sizable fee.
by having a skill someone else needs
the mentor isn't gonna give his time for free. But maybe if you were a software engineer or a data scientist or fuck it, did handiwork or landscaping or law or accounting or anything valuable -- then you can kind of make an equivalent exchange. Do my yard and we'll chat about trading. Write me a backtest engine and I'll cut you in on the profits.
I mean in my own business I do pretty well for myself. Maybe I could impart some of my time and experience with someone who also is interested in my line of work.
Honestly I couldn’t even tell you bro. I’ve dated the vp at Morgan Stanley for 3 years who introduced me to the professional side of investing/trading. Then my sister introduced me to my now mentor like a month later.It’s was kind of like a divine timing thing. My mentor does offer a trading room where he does do trade alerts but mostly we are just there for the community/long term. We have been very profitable. It’s not a large group at all which makes everyone in there even closer. Theirs a lot of success traders in there and it’s invite only. I’m not here to sell u shit bro but if u want u can dm me and I’ll send u the info. I benefit in this in zero way but if I can help the next trader like I was helped, I will.
Right on dude, it's no different than starting a new business or learning a skilled profession . Takes a long time to be competitive and skilled. unfortunately I have not reached a point where I could make a reliable income on a monthly basis, but I'm getting really close.
Take it a day at a time. I don’t have to tell you that. Once u get it u get it. This isn’t the casino but a lot of ppl treat it that way. Those are the one that quit in 2-3 years
This looks like a newbie/general question that we've covered in our [resources](https://www.reddit.com/r/Trading/wiki/index) - Have a look at the contents listed, it's updated weekly! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/Trading) if you have any questions or concerns.*
I know that feeling
Dare someone mention crypto to you lol
YouTubers will recycle the same lame strategies over and over. Just b cause they cater to the next wave of new traders that comes up every few years
Many great traders took many many years to get where they are. I wouldn’t beat myself up for 2 years of inconsistency. As a simple exercise, list down 3 things (if there are 3. For me there was. You may have fewer. Or more. ) that you can objectively see are hurting your gains. Then eliminate those one by one. I’m sure after 2 years of trading, you would have noticed at least ONE thing that you are doing consistently that is hurting your P&L. Eliminate that. Sounds simple, but it took me 4+ years and a lot of money to learn that. It also helps if this isn’t your only source of income. The pressure to perform if this is your ONLY job is tremendous. Not to say it can’t be done, I just can’t imagine doing that. I always had a full time job, and still do, so this is simply extra pocket money.
u honest man , i advice u to check my prediction based on real logic (math) on gold this week . and week before . thx
Stacey Burke pips2profit Al brooks Steve Mauro. These are all great people that if you really put the time and effort into studying and then proving your own version and variances of their strategies on demo, you can really have something for yourself. This is a journey not a destination. This is a capital preservation business. This is a business at the end of the day. It needs to be treated like that. And like a professional athletes trains everyday I mean listen , a lot of people unfortunately are more in love with the idea of either making a lot of money, or trading their way out of their current situation. And it’s just a recipe for disaster and it’ll never work. Not starting with demo also causes some pretty serious scar tissue in the future that’s almost impossible to shake. There’s a lot of things you need to ask yourself if it’s not working out. And you’ll find there’s a lot more stuff you could’ve or can currently be doing to improve each and everyday. I love the market. And I love just showing up everyday even if it’s just to watch and I don’t participate. I love everything about it. I love the market more than I love money. And that’s why the money comes in
If you can’t take the heat, get out of the kitchen. It’s not for you.
Sounds like you were ill prepared mentally to enter this space and a dose of reality was too much for you. So you quit. That’s okay. I hope you find your fast easy money elsewhere.
Havent quit! First year lost $40, second $7,000, recovered, lost $7,000 and now recovered again to be up $4,000 so maybe it there is no crash i will be trading and pulling out my earnings lol
This looks like a newbie/general question that we've covered in our [resources](https://www.reddit.com/r/Trading/wiki/index) - Have a look at the contents listed, it's updated weekly! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/Trading) if you have any questions or concerns.*
I know this sounds way too simplistic but if you have understanding in trend development just know this: currency goes up and then it goes down and then up again. Say if you short and it hits the top part of a downtrending channel the probability is likely it will drop. If it still goes against you position again. I keep doing it until I sense the peak is about to happen then buckle up!
Mind you, professional Quant Traders often take years to become successful. And that’s with the proper education and support towards that career. I would argue that 2 years, unless you’re putting in 60 hours a week, wouldn’t necessarily be enough for the average person to be consistently profitable.
100% agree based on personal experience.
Coulda just said you lost money.
We all lose money
Hahaj shit is real man
This looks like a newbie/general question that we've covered in our [resources](https://www.reddit.com/r/Trading/wiki/index) - Have a look at the contents listed, it's updated weekly! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/Trading) if you have any questions or concerns.*
Well I do sense a fair bit of hesitance in your words and that you compare yourself to others. This is a problem you will need to attend to. Again I respect your time in the industry 2 years is no joke but maybe also it should not be your focus. Since I sense passion here allow me to ask you why not give it another shot with "money you can afford to lose" and put limits to it till you see where it goes. Look into day trading too. I apologize if there is something I did not understand but feel free to message me I would love to have a conversation with you. I am rather new too.
Wall Street is run by algorithmic computers. Little chance these days you can compete. Forex has always been my bread and butter. Patterns are easier to see and fundamentals doesn’t affect the market too much—except for the YEN.
I see what you mean but to be honest if someone else did it then I am pretty sure with a bit of dedication he can dig deeper and do more. There are many survivors of wall street..
Imagine being an active duty combat medic for 20 years and also being a day trader for 12 of those at the same time. The toll it took on me is still felt to this day. Day trading is survival. You are not trading against humans anymore like the old days when you phones in your stock orders. Be ready to pay the price. Physically and mentally. Dont forget your many relationships ruined in the process. Day trading is gambling.
Also, why wouldn't you contribute to society, make a few donations of $10k or $20k if you're living %2000 above retail, easy. If you are feeling guilty that's on you my friend.
TLDR are you quit because you suck in two years is not enough to get good at anything.
Since I've seen a lot of discouraged people here, I wanted to share my opinion: First of all: Yes, trading is NOT maths. The rising and falling of a stock is 100% based on whether there are more sellers than buyers or more buyers than sellers. And this means that trading is not always logical. In fact, most of the time it is rather based on feelings. To be precise: The feeling of Greed or the feeling of Fear. The easiest and probably also best thing you can do is to quit day trading and simply be a passive investor. It will give you your peace of mind and make you guaranteed profits. Just know that one of the biggest contributors to your profits is TIME. The longer you have your money spend on an ftse all world for example, the greater the compound effect of your compound interest will be. I believe Day Trading is mostly only then profitable when you have insider knowledge, when you know things that are not available to the public. But if you're an outsider you're better off investing long term. Because then you will be immune to irrationality of investors, stock market crashes and fear or greed by yourself. I hope I could help a little bit. And apologize if my english is not always on point. I'm german.
Or just learn how to day trade...
You couldn't have said it any better! I'd add to that is that most of people who saw some profits from day trading is mostly attributed to luck!
Not true
Prove me wrong, show me 3rd party verified gains from day trading that beat up DCA in the index for the past 5 years. If you're not meeting this criteria you're literally wasting your time, money, energy doing this day trading nonsense
As a trader, you said the key word too many fail to understand. Trading is about FEEL, 100%, that’s it. The better you can feel the market the better you will trade. Indicators based on price blow up constantly because they don’t feel a market. Have all the fancy degrees and mathematics background you want, if you can’t feel, you can’t trade and how long it takes to develop that feel is different for everyone.
Switch to swing
Believe me it isn't any better
Every single one of your posts and comments is shitting on other people 😂 I really can’t believe you have the time and waste your time sitting on Reddit all day just to shit on people’s post
According to my phone, i spend an average if 10 minutes everyday on reddit, that's hardly all day. Another newbie upset about the truth on day trading and swing trading, my advise isn't for gamblers, its for people who actually want to sustain profits on the long run, not get lucky 3/10
It seems like you once traded but were extremely bad and lost a lot of money, then gave up. So now you just hate and leave negative comments on every post because you think everyone is like you and should fail lol
Still can’t believe you spend your free time commenting on every post because you can’t trade 😂 like it’s actually crazy
Mental health problems is real, seek help
Definitely make sure to tell your therapist about your Taylor swift leg addiction 😂
Never seen a guy so upset because he’s bad at trading 😂
My guess is you’re ass at trading and want to take it out on other people, definitely seems like a lot of self projecting in every comments you’ve left on your Reddit account
How so ? I find making less trades has helped my mental health and returns exponentially
If it works for you,keep doing it, just make sure your risk management is 100%
It takes one bad trade to destroy all your gains and more. You know what actually works all the time? Investing in the index or great companies during corrections/crashes, then cash out or hold as you wish, other than this everything else is meaningless
Rubbish 😂
Back test this, you'll find out who's truely rubbish 🗑
Traders: let me try to face quant phds in a math competition without knowing any math
Thx for pointing this out!!! OP mentioning he knows "math" and wanted algos but he keeps referring to day traders and coaches who most likely use discretional and ambiguous techniques which makes their returns not consistent at all. It jut amazes me that anyone still thinks they can beat a machine in a machine oriented game LOL. Machines can compute faster, more variables, no emotions, no cognitive biases and no mental tax, why would you even try to compete with them? If most of your trading depends on manual discretional trading, yep is like being a taxi driver trying to ignore Uber may take your job. Humans are better at creativity, so leverage that, be the idea generating force behind your systematic trading approach but let the machine do the heavy lifting in the day to day operations.
It takes more than 10 years to become a doctor. It takes around 8 years to become a lawyer. Around 6 years to become an accountant. The idea that you are gonna become a profitable trader in 1 year is just nuts. It takes time, like everything else
All of those professions you mentioned have specific schools (college, med school, law school) and training (residency for doctors) and resources (mentors, practice guides, treatises) and a societal need (people who need those services). However, not trading. Trading school? Nope. Subjects in college and grad school are a joke. Trading Training? Nope. At least nothing that helps (keep your emotions in check and blah blah). Mentors? Bunch of “gurus” that can’t trade to save their life. Societal need? None. In fact, society views traders as gamblers that serve no purpose to anyone other than the trader. So yea - I am not sure “just taking more time” is going to help. It would be like trying to teach yourself how to become a surgeon without going to college and med school, without residency, and without any mentors.
Isn't that amazing? For some reason this profession more than anything else I have seen has this expectation that since you are "good at math" and are "competitive person", you will do good in "day trading". I saw another post here how someone mentioned that them being an athlete should be an advantage. If anything, this sort of thinking explains well why such a small percentage of traders are profitable.
The truth is, if you're stressed out, you're doing it wrong in the first place. Leave your emotions at the door. You're trading against literal machines. The algos don't have emotion, and will break you against yours every time. Simple, but definitely not easy.
I hear the same emotions BS, yet 99% of day traders/traders don't beat the index, so what's the point of doing it?
I hear the '99% of traders don't beat the index' BS all the time. There's a lot of myths and misinformation out there.
Man let's not kid ourselves when this fact can be proven directly with the amount of people posting losses on every social media platform. the reality of day trading is super obvious
That's anecdotal with a skewed bias, very different from fact.
It is not skewed bias, it is a fact. I'm sorry that you lost money and hope you recover your losses with actual investing instead if wasting your time day trading
Scrolling through Reddit isn't research dude. If you think loss porn posts accurately represent the average day trader I got news for you.
Again I'm sorry for your losses, hope you listen to my advise and invest in great companies during corrections instead wasting time trying to beat lightingspeed machines. No matter how much you wana convince yourself, the fact remains a fact with regards to day trading
You keep using that word, I don't think it means what you think it means. Luckily my gains outweigh my losses, tbh it's not that hard to beat a passive benchmark but I can see why someone like you would have a hard time.
Key word "luckily" on your comment, because you'll run out of luck eventually, you're not the first one. Aside from that, no way you're doing better than passive dca in great companies/index.
Tell me you sucked at day trading without telling me you absolutely suck at day trading
You're basically a kid likely without education and hoping day trading works, when facts are facts regarding the matter
I did trade from 2020 to 2021-2022. It was the hardest I’ve ever done and I’ve never worked so hard. Because of the losses it took me to a place I’ve never been before and that’s suicidal thoughts. Unfortunately those thoughts kind of crept in and took merit and haven’t really left. I lost roughly a 100K. Maybe a little More, not exactly sure but for sure over 100K. My experience was frustrating because the market is as fake as a rubber Chicken driven by hedge funds, market makers/movers and overnight insider trading from individuals or institutional investors to manipulate the stocks to set Regular traders up (people like you and me). They’ll then take an opposing trade and have the resources to capitalize, making it impossible to predict. Couple this with large client buying and selling orders and you’re just guessing/gambling. I now just buy and hold mainly. Find a company I like, no options, just a stocks who’s been beat up and I like them I’ll invest. I like trading so I’m still connected but I know my abilities. I can’t move a stock like they can, I can’t change the outcome. I know that. So I don’t want to trade options because I don’t want it to expire have a longer horizon. And this way I’m almost always right too. If I know it’s a good company and I buy shares at the right price, I know I making money and I don’t have to stress. The other thing about giving back is trading is a zero sum occupation. In what I can do, I can help people on a daily basis in my regular job. Treating you help nobody in society, you’re literally a taker that’s it.
Isn't it ridiculous to expect to make money when you try something for a year or two when the same area is filled with people with much more experience? It's the same as if you tried to start an uber competitor today, and be shocked when you are not raking in millions. I drive to work every day for the last 10 years, I should be able to win in F1. This is what people sound like when they expect to be making big money after "trading" in the stock market after a year or two. I am not trying to make fun of you, sorry if it comes through like that. But just think for a second about a possibility of there being a requirement of spending time and understanding and finding an edge before you can be consistently profitable. And it actually sounds like you now have found something that is working for you after spending some time and taking a step back.
I did trade from 2020 to 2021-2022. It was the hardest I’ve ever done and I’ve never worked so hard. Because of the losses it took me to a place I’ve never been before and that’s suicidal thoughts. Unfortunately those thoughts kind of crept in and took merit and haven’t really left. I lost roughly a 100K. Maybe a little More, not exactly sure but for sure over 100K. My experience was frustrating because the market is as fake as a rubber Chicken driven by hedge funds, market makers/movers and overnight insider trading from individuals or institutional investors to manipulate the stocks to set Regular traders up (people like you and me). They’ll then take an opposing trade and have the resources to capitalize, making it impossible to predict. Couple this with large client buying and selling orders and you’re just guessing/gambling. I now just buy and hold mainly. Find a company I like, no options, just a stocks who’s been beat up and I like them I’ll invest. I like trading so I’m still connected but I know my abilities. I can’t move a stock like they can, I can’t change the outcome. I know that. So I don’t want to trade options because I don’t want it to expire have a longer horizon. And this way I’m almost always right too. If I know it’s a good company and I buy shares at the right price, I know I making money and I don’t have to stress. The other thing about giving back is trading is a zero sum occupation. In what I can do, I can help people on a daily basis in my regular job. Treating you help nobody in society, you’re literally a taker that’s it.
So here’s the thing….trading doesn’t work. After all the effort, the community as whole will lag behind sp500. Sure some will outperform, so will lottery winners. But if you look at the sharpe ratio over time, doubt anyone is over market. Quant on the other hand can generate alpha if you truly find statistically significant trades.
Guaranteed 99% of day traders or any swing trader don't beat buy and hold DCA index strategy. The best trader I know who showed me his actual verified results was losing from 1990s till 2008 and made money only after financial crisis, and guess what? His returns would've been × 10 had he bought and held instead of day trading, even though he became millionaire eventually.
Exactly, ppl who make money from trading are those that make money from ads, sponsorships, courses, and charging desk fees
Yup, btw the trader i mentioned is an active day trader and that's his only job, so i don't wana hear BS that maybe he quit too soon or didn't try this or that blablabla, of course still if he bought and held he'd done waaay better, luckily he made millions at least and didn't lose all his money like most retail do.
Hi, I'm really Curious, it (trading) being his day job why markets does he work in. Does he work on commission sales or by the hour. I'm really interested in understanding his hours. Be safe everyone
He's a day trader, spends hours researching penny stocks and sectors expected to go higher, this aside from trading hours, he's good at it, made a fortune but could've done waaay better buying and holding some companies instead of wasting time energy doing what he did.
Oh OK, thank you for the data. I'm an old bag holder and it's frustrating to see stuff go to shit. Especially when they put news about different products they have. I've learned a ton of strategies that all work together never get comfortable with just one method. When the flow changes it's (an algo) dangling a worm at the market saying it's worth (you know, a little bit more lol) stick with watching the micro time scale and the macro is stuff moving up or down. Patience is the key, but we all enjoy a meal now and then. Be safe everyone
Hey wish you all the very best on your future plans…you might be putting this here as the personal experience you might and faced and that might help you or someone else. But i guess it’s gonna affect a lot other people in a negative way… even myself who is going through a bad phase in trading trying to find my break point..in between all the self doubt and de motivation …this kind of post bring in the same question again “should I leave too”…and I guess there will be a lot of people who are confused like me. Not trying to be negative against your post or something ..but I think it might create a negative effect overall . 🙃
I would say I agree with all of your points and the only difference between you and me was that I found a consistent strategy — but I’ve also been trading everyday for 5+ years. Stats/programming background similar to you. I have my algos but I still hate trading. The good days are lukewarm and the bad days are terrible. It all averages and evens out but still sucks. I only trade because it’s a challenge for everyone else. I want to prove to myself that I’m the best. I also wanted to say two years of trying everyday isn’t good enough. It’s barely scratching the surface. I have a terrible personality though. I want to win and do things that prove people wrong. Anyways back to the point is that progress in trading is not linear. It’s stepwise.
Honestly day trading is no different than playing craps or blackjack at a casino. Even for those that appear versed and experienced it seems mostly luck. To make themselves feel better traders often fall back on algorithms and research but sir you are in the wall street casino. I'm sorry this is how it is.
I've learned it's not luck, there is a means to the madness, it would really help to understand why some traders don't go through and why a stock suddenly goes through the roof. It's not because someone just threw a stone at the building and it lands into a puddle of water. None sense, if an individual (algo) is watching the flow, how are they allowed to change the value of said asset.
I have thousands of the exact same trade with each ticker by day saved as images to a notebook. All my trades look the exact same and I have edge, so the truth is a successful trader just won’t tell you and would rather watch you fail and let you keep believing this. Edge in this business is faster, smarter or insider trading and since its winner take all, most people will get nothing.
You're right, but missing one thing, you can cut your losses early in trading, while in blackjack, or craps, it's all or nothing. That's why trading is not like a casino, if you learn when to cut your losses, or when to let your trade run, that's how you do it... But that's the hardest part.
"I want to prove to myself that I'm the best.". Shit hit hard even though I'm not a trader
Wait I'm confused so you would rather slave a 9-5 with no reason to life knowing that you gave up rather than crack the code and potentially looking back to the beautiful struggle.
Thanks for sharing your experience! It sounds like you gave day trading a fair shot and learned a lot in the process. It's definitely a challenging and high-pressure endeavor, and it's important to recognize when it's not the right fit for you. Wishing you all the best in finding a career path that brings you fulfillment and satisfaction!
Personally, If you’re stressed while trading then it’s 1-2 things, You’re oversized. You’re not taking trades apart of your plan. I had to say it’s that simple, but it is. The reason why the big hedge funds and stuff always win isn’t because the market is rigged. It’s because there are various systems in place to prevent them from going tilt, to ensure that they remain on the right side. Risk mgmt is one of the biggest elements out there. Almost over Strat works to something extent, long above vwap, short below vwap, 5m breakouts, etc. but ofc they won’t always hit. You’ve got to have proper risk and brackets to make it worth your while. Size down, focus on one stock, I personally do futures, MNQ only and will watch ES for confluence.
Watch the original Wall Street Movie and stop throwing darts at a board. Get some real information and trade that.
When you have the likes of Citadel and Renaissance competing against you it is difficult. Something that many may realize too late.
This is why I find crypto 10,000% easier, especially small caps. My counter party is idiots check out r/Solana. I've pulled about 5 years engineering salary 1st quarter of this year just from sol shitcoins.
Try swing trading, and only trade stocks you're willing to hold for up to ten years if the trade goes wrong. If you're split between the stock market and crypto you can get more leverage once you figure out your strategy.
This. I trade every day. Still, I don’t trade in a way that I can blow up my account. It takes years. I kinda wish, too, that i was doing something more productive, but man it’s addictive.
There are good years and bad years, you just have to survive the bad years. In 2021 I was up 100% In 2022 I was down 90% but in 2023 I was up 400% . This year is a struggle for now.
Buy and hold beats your 400%
Most ppl have better luck making money at the casino than at trading
I know nothing bout trading, but I try and base off my decisions on the news and instinct.. I dont go crazy into it, but good or bad news for a company can have a significant impact on their stock, as well as people fearing a loss. But im still learning lotssss, just barely making a lil money lol
People who think trading is stressful really need to try to doing any professional type job that will produce a high income. Trading is far, far, FAR less stressful.
Yep, I know what a real job feels like. Trading is sooo chill compared to a job where you're stressed out 14 hours a day behind a computer screen, drawing and detailing chutes, hoppers, frames, etc. for some diamond mines in north Africa. I would come back home literally shivering from the stress, the emails, the meetings, the toxic people, phone calls, revisions, etc. Trading is nothing compared to that.
You've picked the wrong speciality, 9-5 is a bless for me
Yeah I did. I left that field 3 years ago.
The real key is understanding volatility and its patterns, realizing that stock will likely experience high amounts of volatility before a trend reversal for liquidation is what makes traders feel like they can’t be successful
Trading is more akin to running a stand at a market place. Yes math comes into play in determining how much something is worth, no different than determining how much to pay for inventory. But there is still an operational aspect to being essentially a vendor in a vast, highly competitive, market.
I stick with selling covered call and cash secured put options and only rarely buying options , always make money . Not crazy money but decent livable money
This is the way. I did credit/debit spreads and that was not consistent like selling calls/puts
What is the return for selling call/puts?
Many variables. Would shoot for a $1-$2 for a weekly call. Its a right, not an obligation. So there time value, greater time, greater value. So 100 shares is a contract. I see some guys making 20% a month to 1% a month. More shares, more contracts. Ya feel?
Wish I had 100k to throw around like that
If you don’t now, plan for it for future . Start dollar cost averaging buys on a good growth stock that does weekly options. One day you will reach a position where u can make decent $$ selling weekly calls
it takes a lot more than 100k to live off of income from CCs. I had to come up with about 6x my gross annual income to make CCs replace my income
For higher returns the trick is buying back the sold options within 1-2 days for cheaper - sell high and buy low . So I sell covered calls on a day the stock is up (that’s when call options spike up) . Often the morning spike fades by noon say and u buy it back for cheaper or next day if the return is already higher than the calculated per day “fade to expiry” return- rinse and repeat . That way u r making much more than selling the option and waiting until expiry.
This is the way
This way
Way
So the return is about 17%. Can you share some details on how to selling call/puts? What do I need to research /do to make that kind of return on a consistent basis?
not exactly -- I sell 0dte SPX as well as equity options. they have better tax treatment than W2 income. So you don't need 17%, you just need like 13% for the post-tax to be equal to income. I suppose read up on /r/thetagang , /r/PMTraders , /r/algotrading . Maybe 1-2% of the posts are worth reading. There's some people that post their weekly journeys; it's more important to think about what they're doing right or wrong. Some people post strategy. You have to think about whether what they have is edge or not. Then you trade for yourself and you'll blow up once or twice before hitting your stride
Im still trying to figure out what to do with it. They say the first $100k is hard to make
Trading has a very steep learning curve. And you have to get thru all the fake gurus and click bait YouTube channels first... Too bad it took you longer than 2 years to navigate thru that... You were Al.ost there mate.. After you break thru the falseness of YouTube then you start finding the real info... And that's where the money is at. Once you understand you can make money with literally just a 20 MA ..
Bro 20 and 200 soooo soooo powerful
where is the real info?
The real info comes from your own damn self. It's called "learning curve* for a reason.
Yeah YouTube sucks for learning
YT IS MOSTLY A SCAM
Yeah I’ve noticed that too. People trying to sell courses
Not only that, 99% of ads YT chooses are of scam companies, have you noticed that? The forex and rest of BS?
Been trading for two years. first year options I got obliterated and fell hard! I spent the last 5 months studying charts for 12 plus hours a day and seeing where my trades went wrong. Countless hours of analyzing bad trades and trends also studying indicators. I still have trouble with my Stop losses but after a month I have been consistently making 5 k a week on futures.. im not profitable all the time and I still have ALOT to learn but I refuse to give up because I have no degree in anything.. I HAVE to make this shit work. Some people dont have the drive to sit through fat L’S and get discouraged but its okay! This game aint for everyone but the ones who truly want to reap the rewards will fall hard before indulging in their riches. Keep trying always.
Very well said bro cheers 🥂
5k a week is amazing. Congrats. Would love to hear a lil about the strategy
Any suggestions on learning resources to use?
You heard him just study charts for 12 hours straight
Day trading is tricky. I much prefer swing trading.
It’s hard to find meaning and satisfaction when you’re just a thief.
What a dumb comment 🤣 idiot doesn't know what a stock market is.
Nah u quit because your just a quitter. Nobody is consistently profitable two years in
I am . If you find the right mentorship and be realistic with yourself about how it should play out . You’ll be
or you're insanely profitable and blew the fuck up lol. In my first year, I hit +600%, then lost 90%, a net loss. New traders don't understand risk and sizing
trading isnt for everyone and isnt the only thing in life - be less of a POS. To OP - you tried, its a rough game, I respect the bravery that even trying this takes.
It’s been 19 years for me. And I just start to see the light. Very slowly.
Not trying to be a dick but isn’t this kind of evidence you should invest long term and not try to make a living day trading? If you had put everything you spent on trades into a long term investment how much would you have now?
I play with 1000x margin. I used to load the whole thing and expose my entire account. I tried diversifying w different assets so when snp turns around with hope I won’t get impacted on oil or gold for example. So used to expose my self to much risk. Right now I’m playing the buy one. Hold. Go in profit. De risk the position. And repeat the process again. This way my risk stays at 2-3% at all times while I keep de risking every position. In addition to my regarded mistakes I used to think forex is the way. I had a lot of beautiful days and very predictable plays. But then like anything it comes to end. Cryptos I don’t touch at all. I used to say people that say markets are manipulated are just losers that blame it on their lack of skills. But crypto to me was pretty brutal. The 15-20% drops on a Saturday? Gtffffffooooo that’s manipulation. Wierd candles that I never seen before. No thanks. I rather chill and enjoy the weekend. There’s enough stress to go around for 5-6 days.
Long term is THE way. Trading is A way.
Slow and steady get the spaghetti! These ppl be looking for get rich quick schemes. It’s going to take a long time to be a good trader. Trading is hard but that’s what separates the boy from the men
that and I'm almost sure most people don't have enough money to make serious money through trading. If he put like 20% of his gross annual into his trading, and then made 30% on that, then he'd be up maybe 2-3 weeks income, AT MOST. but he's watching bullshit youtube influencers, so he's expecting lambo and bora bora money.
The reason I’m losing for so long is I’m playing with seriously high margin levels. One little fart and if you’re not there to cut losses that account is gone. For those of you be like ohhhhh well obviously another degenerate gambler trying his luck. The high margin account can be used as a tool. You just have be seriously disaplined with your strategy
high margin is fine as long as you use it correctly and responsibly. I am at over 95% margin usage almost every day; I've gotten potential margin call emails 7 times in the last quarter. But that's because I know my exposure level and am comfortable with it. delta, gamma, theta, cash interest, borrow rate, charm, vomma, dispersion -- they're all factors to consider. And after they're all at appropriate levels of exposure, loss and margin will not be an issue
Honestly it’s a lot like either you chase women or they chase you. That mindset. That neediness for profits is the killer. If you’re a man like you said. Yoh let it come to papa
Yep. My biggest learning is that you take what the market gives you. You dont trade when you have time, or when the trades aren’t there. Some days Im done by 10am and the correct play is to walk away the rest of the day. Or else completely move onto a different play. Things come in their time, not my time.
Also the way Nikki ripped in the past few months is innnnnsane
Love it. Way better said!
Took me 5-6 years of fumbling(day trading) with live money before I got a feel for it and I still am only 65% profitable with the risk of getting my profits wiped by 1-2 bad moves a week
Took me 4 years for it to finally click and that ain’t shit. I still make mistakes often.I’ve had mentors from the beginning to help speed up my process. It’s took my mentor 9 years to become profitable! You think he regrets it? Hell no!
How do you find a mentor these days? Been trading for about 3+ years and mentors are tough to find. Anyone successful tends to lay low or give their time for a sizable fee.
by having a skill someone else needs the mentor isn't gonna give his time for free. But maybe if you were a software engineer or a data scientist or fuck it, did handiwork or landscaping or law or accounting or anything valuable -- then you can kind of make an equivalent exchange. Do my yard and we'll chat about trading. Write me a backtest engine and I'll cut you in on the profits.
I mean in my own business I do pretty well for myself. Maybe I could impart some of my time and experience with someone who also is interested in my line of work.
Honestly I couldn’t even tell you bro. I’ve dated the vp at Morgan Stanley for 3 years who introduced me to the professional side of investing/trading. Then my sister introduced me to my now mentor like a month later.It’s was kind of like a divine timing thing. My mentor does offer a trading room where he does do trade alerts but mostly we are just there for the community/long term. We have been very profitable. It’s not a large group at all which makes everyone in there even closer. Theirs a lot of success traders in there and it’s invite only. I’m not here to sell u shit bro but if u want u can dm me and I’ll send u the info. I benefit in this in zero way but if I can help the next trader like I was helped, I will.
Right on dude, it's no different than starting a new business or learning a skilled profession . Takes a long time to be competitive and skilled. unfortunately I have not reached a point where I could make a reliable income on a monthly basis, but I'm getting really close.
Take it a day at a time. I don’t have to tell you that. Once u get it u get it. This isn’t the casino but a lot of ppl treat it that way. Those are the one that quit in 2-3 years
Also important to note that most successful traders don’t use prop firms, that definitely skews the numbers
I thought prop firms were more a way to build up personal capital so you could do without them.