2024 Day trading reddit

you can use this to scalp around market open. if price is in an uptrend and breakouts are more likely to occur, you can look for a long entry targeting the breakout. 1 0. r/DayTradingPro: Join our community for valuable day trading insights, discussions, and resources. Learn trading strategies, market analysis, and….. Vanguard checking account

Swing trading: qullamaggie (YouTube) … stockbee (blog + YouTube) both near $100mil. Other resources: trade the matrix (blog)… investors underground, Twitter. Best resource: years of screen time and experience…. I’ve read all the main trading books that get recommended. They are entertaining but eh. (Turtle traders, one good trade, the ...Up by 5:45am, at the desk by 6am to trade continuation of London & NY open. Hard close by 12pm, usually done earlier. Have lunch, read books on trading. Listen to a few podcasts on trading. Toss in an hour or two of gaming to unwind. Weekend is now for learning programmatic trading / machine learning / python.I just built a new system, so now I’m trading in 4K. It makes reading the whole market much more clearer, as I can now fit more charts onto the monitor without sacrificing anything. Just built myself a small desktop using a thermaltake core v1 case, ryzen 5600g, 32gb of ram, 512gb of nvme ssd and 2 27" 4k monitors. The biggest thing being overlooked in the comments is rolling your losses. A qualified TTS trader isn’t limited to roll $3,000 a year if you come up short one year. Ie lose $100k on the year. Next year make 200k you can deduct the full 100k from last year as opposed to only being eligible for 3k a year over 30 years as non-TTS. 3 Feb 2024 ... Day trading results are just faster than swing trading results, so it can “seem” as if day trading makes you more money. But, over the longer ...Welcome to FXGears.com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears.com, a trading forum run by professional traders.The Crude Oil trade worth mentioning. Off the futures open yesterday I took the Crude Oil trade short from 103.36 into 97.22 today and the summarized results are shown below: Ideally, I should've taken it off the 2:30 pm Oil settlement yesterday which would've given me another 100-pips but that would've involved holding overnight so I did what ...The amount of stocks you buy does not matter. You can purchase 7 different stocks in the same day, you just wouldnt be able to sell them the first day. and to answer your final question, No. I believe it does not matter if you are trading on margin or not. If you have < $25k, you cannot day trade. Hope this helps.Here are a few key psychological factors to consider: Emotional Discipline: Day trading can evoke strong emotions like fear, greed, and FOMO (fear of missing out). Learning to control these emotions and make rational, disciplined decisions is essential for consistent profitability. Patience vs. Impulsiveness: Successful trading requires ...As any Day Trader knows a lot goes into being consistently successful.. For this post I am going to focus on one technique - it is not the only thing one should focus on, nor should it replace indicators that are currently working for you.. As a final caveat (and on Reddit caveats are needed) - this does not apply to momentum-based trades on low-priced …unclenickykotd. •. Day trading stocks is definitely recommend think or swim and tradestation both have great tools and education, and with tradestation you can even integrate with TradingView. For day trading stocks is recommend kucoin and kraken. Kucoin has a better variety of coins as well as leveraged trades.you can use this to scalp around market open. if price is in an uptrend and breakouts are more likely to occur, you can look for a long entry targeting the breakout. 1 0. r/DayTradingPro: Join our community for valuable day trading insights, discussions, and resources. Learn trading strategies, market analysis, and….Moving averages on the other hand seem to be less rigid. A simple google search for “daytrading moving averages” brings up a wide variety of results. Most resources seem to agree on daily moving averages (50, 100, and 200 day) but intraday moving averages seem to be less settled on. Some say 5-8-13 EMA, some say 8-13 MA, some even say 10-20 MA.If it has a low float of 5% or less and news, it goes on my list. If it gaps 45%, has a .84% float, 500k 10 day volume average and is at 1.5 mil, with a market cap of 200 mil, it is at the top of my list. Then i start studying the premarket chart pattern. Establish a base entry and exit plan.Try Medved Trader ( www.medvedtrader.com ), professional PC software trading platform. It connects to GDAX (and a bunch of other more conventional brokers) to pull down the data and uses it for the trader's tools - charts, tech. indicators, scans, alerts, etc. This kind of software is common for traders in regular markets, but is severely ...When you want to invest, it can be tricky to know where to start, especially if you’d prefer to avoid higher risk stocks and markets that make the news every day. Read on to learn ...6 Nov 2023 ... Journal every day you trade. Write down the details of the trades. Track stats with something like TraderVue. Try different markets. Keep an ...TD Ameritrade's Thinkorswim platform (desktop version) is excellent for customizing your view for just about any desired analysis. It additionally offers scriptable functions if you're fancy. Can't say as much about their mobile app but depending on your expectations, it should suffice nicely. 7. Logical-world.Why you should use futures to day trade. Just read a post of someone reaching 25k in their account and being happy they can trade without worrying about the pattern day trade rule. Awesome to hit a goal like that but I would highly encourage anyone attempting to day trade to look at futures. The vast majority of …We became day traders because we can take advantage of either direction especially in the immediate. I know my pattern works 47% of the time with 3:1 pay out. (I lose $100 or I profit $300. No more, no less; every single …Why you should use futures to day trade. Just read a post of someone reaching 25k in their account and being happy they can trade without worrying about the pattern day trade rule. Awesome to hit a goal like that but I would highly encourage anyone attempting to day trade to look at futures. The vast majority of …Welcome to FXGears.com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! - …The chatroom usually has people in it well before market open and all throughout the day. Around 0900 or a little before, Andrew or another experienced trader (if Andrew is running late or on vacation) will have their screens shared which includes their gappers scanner and once the market opens momentum scanners and more.Your $625k capital turns into roughly $1.56M by the end of the year, after taxes. Year 6- You continue your modest gains of 0.5% a day. Your $1.56M capital turns into roughly $3.9M by the end of the year, after taxes. Easy piecy, in 6 years you have 40x your initial investment amassed a net worth of 4million, which will only …Reddit is a popular social media platform that boasts millions of active users. With its vast user base and diverse communities, it presents a unique opportunity for businesses to ... We became day traders because we can take advantage of either direction especially in the immediate. I know my pattern works 47% of the time with 3:1 pay out. (I lose $100 or I profit $300. No more, no less; every single time) Of 100 trades. 47 trades I profit. 53 trades I lose. I risk $100 per trade. 13 Dec 2023 ... 157 votes, 154 comments. 2.6M subscribers in the Daytrading community. Daytrading futures, forex, stocks, etc.Price volume action with candlestick patterns and critical technical levels are thus far the most useful tools. I think most technical indicators work in a long term perspective or in an extreme oversold/bought level in a daily chart such as back in end of March, where MACD and RSI become quite useful.When first starting trading live capital expect to lose it. Consider it to be win if you are break even after few months. This question is really hard to answer. With different trading products - like futures, you get so much leverage that making 100% a day is totally possible. With that it's totally possible to lose 100% in a few minutes as well.Coffee lovers know that a good cup of coffee can make or break their day. That’s why investing in a high-quality coffee machine is essential. Among the most popular brands availabl...Let's say Thinkorswim is an 8 out of 10 across all functions, and "best-of-bread" platforms, for each specific function, would be a 9 out of 10 rating (I never give 10 out of 10 - lol). Taking into account dealing with multiple platforms, for each function, you are back at a 8 or maybe even a 7.5 out of 10 to deal with multiple platforms. The ...How to day trade for living by Aziz Andrews and Your Trading Coach by Lance Beggs are the best day trading books I have read. 10. ahsr0x. • 5 yr. ago. Trading in the zone is one of best book you should look at. 5. sudipsrp. • 5 yr. ago.Try Medved Trader ( www.medvedtrader.com ), professional PC software trading platform. It connects to GDAX (and a bunch of other more conventional brokers) to pull down the data and uses it for the trader's tools - charts, tech. indicators, scans, alerts, etc. This kind of software is common for traders in regular markets, but is severely ...Reddit is a popular social media platform that has gained immense popularity over the years. With millions of active users, it is an excellent platform for promoting your website a... Day trading is really only a good idea if you have a large amount of money to invest. I say this for the exact reason you pointing out: you don't want to get eaten alive by commissions. The exception to this rule is if you use a discount broker than charges on a per-share basis (like InteractiveBrokers for example). Try Medved Trader ( www.medvedtrader.com ), professional PC software trading platform. It connects to GDAX (and a bunch of other more conventional brokers) to pull down the data and uses it for the trader's tools - charts, tech. indicators, scans, alerts, etc. This kind of software is common for traders in regular markets, but is severely ... The main advantage of having a bot is the ability to execute a plan 24/7. It offers you more control over your portfolio and "does it for you," but a strategy is still required. We must also keep in mind that no bot is ever truly perfect which is … Then get on a free website like finviz.com and start looking at thousands of charts. Look at the chart and then try and figure out based off of the setup and volume what you will do next. In any given trading day I probably look at 300-500 charts, every, single, day. This isn't easy, it requires work, hard mental work. Jan 27, 2021, 6:48 AM PST. WallStreetBets. Retail investors on Reddit are boosting GameStop shares in defiance of hedge funds and investing norms. Members of the group Wall Street Bets have formed ... Up by 5:45am, at the desk by 6am to trade continuation of London & NY open. Hard close by 12pm, usually done earlier. Have lunch, read books on trading. Listen to a few podcasts on trading. Toss in an hour or two of gaming to unwind. Weekend is now for learning programmatic trading / machine learning / python. I personally trade VXX and ARKK/ ARKG Commons everyday. For some reason back testing they work the best with my strategy, VXX especially as it trades pretty clean. I used to trade SPXL as well, but because no margin on it I realized I wasn't going to be able to scale up on it to where I want to be. freshavocados73.Keep funds in to cover inevitable losses sure, but you can make plenty of money off of 1 or 2 contracts. If you can make $500 off of $1000 then just keep doing that. I doubt this guy that said that can actually do that, but the point is to be consistent. Day trading futures is not getting rich quick, it's a grind. You’ll soon learn that all day trading brings is stress when the market either tanks just after you buy or moons just after you sell. In the end you realise you’d be better off mentally and financially if you’d of just bought on the dip and held on tight. Whatever you do, good luck! I made a lot of USD trading crypto. TD Ameritrade's Thinkorswim platform (desktop version) is excellent for customizing your view for just about any desired analysis. It additionally offers scriptable functions if you're fancy. Can't say as much about their mobile app but depending on your expectations, it should suffice nicely. 7. Logical-world.If you just want to daytrade, go for Forex or Futures. Trading futures only requires tradovate. Forex and Futures do not require an account size of 25k and up to trade US stocks (PDT). kleinerkrieger2. •. Alpaca looks like a good application, thanks for the recommendation.The huge benefit to trading Futures and Forex is that there is NO pattern day trading rule. This means you can buy and sell as many times as you want without being flagged for not having 25k in your account. ... Also, Reddit is a great place to read up on things like this too. Just add "Reddit" at the end of your search and read up on other ...r/Daytrading: Daytrading futures, forex, stocks, etc. If you trade like an algo, for example if you just scalp, use fixed stop/profit target, or trade breakouts, you're going to have a bad time. Some of the best scalpers over the years have given up scalping to actually hold their positions for as long as an hour. Look into market/volume profiles, and focus on riding few runners allowing for ... This community is devoted to the teaching of strategies, trades, resources and lifestyle that help traders become consistently profitable. There is an absolute "No Troll" policy - this sub is an environment where traders can learn and help each other. The way trading is currently taught has caused tremendous damage to people who are just trying to better their lives, and has no place in this ... Trading with own created AI. my name is Martin and I am trading since about 11 years. More than 3 years ago I got interested in artificial intelligence, especially because of AlphaGo. So a friend of me and I started to program scripts for MetaTrader4 (because MT5 is even more pain in the a*s) that can use trained neural networks for predictions ...Are you looking for an effective way to boost traffic to your website? Look no further than Reddit.com. With millions of active users and countless communities, Reddit offers a uni... Stick to class, maybe look to swing trade vs. day trade; if college is (and should be) your main focus, then you don't need as specific of a time frame such as 8:30 to 10:30am Monday through Friday as you might for day trading. The markets aren't going anywhere. Let your learning process be slow yet thorough. Swing trading: qullamaggie (YouTube) … stockbee (blog + YouTube) both near $100mil. Other resources: trade the matrix (blog)… investors underground, Twitter. Best resource: years of screen time and experience…. I’ve read all the main trading books that get recommended. They are entertaining but eh. (Turtle traders, one …There you guys go this is my ultimate Day Trading layout! Hope this helps. Follow me on Twitter @ PRFTrocket. I post my daily Watchlist with levels to watch, Tweet my ideas, and update as I start new positions everyday. EDIT: Here is a picture of my HotKey Settings for reference also. EDIT #2: As requested here is a link to my shared workspace.Welcome to FXGears.com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears.com, a trading forum run by professional traders.Risking 1% of your total capital per trade means even after 100 trades you will still have 1,800 dollars starting at 5k to keep trading if you got them all wrong. Many people say it’s 100 trades but that’s only if you used a fixed loss but the loss should decrease as you balance does. With 5k at risking 2% you will have 650 usd left. Then get on a free website like finviz.com and start looking at thousands of charts. Look at the chart and then try and figure out based off of the setup and volume what you will do next. In any given trading day I probably look at 300-500 charts, every, single, day. This isn't easy, it requires work, hard mental work. For crypto and day trading ive come up with this conclusion from my experience. Day trading alt coins arent that good unless there is explosive volume and its volatile intraday. I find it easier for myself to day trade BTC on 5x leverage for 10-25% since BTC is a lot more volatile and moves a good amount daily.Advertising on Reddit can be a great way to reach a large, engaged audience. With millions of active users and page views per month, Reddit is one of the more popular websites for ...They really don’t develop the platform to have it run as a day trading app, its more of a buy long-term and hold. Questrade has many advantages in respect to doing day trading that Wealthsimple doesn’t have. IMO stick with Questrade or find something that provides the same/better resources as QT. Depends on the size of your …The 8 and 20 day ema's are for short term trades, and the 50, 100, and 200 sma's are for longer term trends Reply reply ... Welcome to FXGears.com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between!You need to work on earning points and forget about earning $'s. Trade for a month making 10pts a day on MES - $50/day or $12,500/yr. Then trade for a month with your same strategy with ES and you're making $500 a day or $125,000/yr. Then scale up to however many contracts you want after that.Swing trading: qullamaggie (YouTube) … stockbee (blog + YouTube) both near $100mil. Other resources: trade the matrix (blog)… investors underground, Twitter. Best resource: years of screen time and experience…. I’ve read all the main trading books that get recommended. They are entertaining but eh. (Turtle traders, one good trade, the ...Use Coinbase pro for day trading. 16. [deleted] • 2 yr. ago. I got into day trading with crypto, I used Coinbase PRO, yes PRO. (It’s free, and has lower fees than Coinbase.) Binance also has low fees (binance.US if in the US) Anyways, fees eat your profits regardless of which platform you use. I mostly traded BTC, ETH, LTC, …The main advantage of having a bot is the ability to execute a plan 24/7. It offers you more control over your portfolio and "does it for you," but a strategy is still required. We must also keep in mind that no bot is ever truly perfect which is …you can use this to scalp around market open. if price is in an uptrend and breakouts are more likely to occur, you can look for a long entry targeting the breakout. 1 0. r/DayTradingPro: Join our community for valuable day trading insights, discussions, and resources. Learn trading strategies, market analysis, and….In November I opened a paper trading account and started just learning how the interface worked. January came and I took the entire month off and went on a month-long crash course. I mean I was, and still am, getting up at 4 a.m. and checking/trading premarket and stayed glued to the charts all day long until close …If you just want to daytrade, go for Forex or Futures. Trading futures only requires tradovate. Forex and Futures do not require an account size of 25k and up to trade US stocks (PDT). kleinerkrieger2. •. Alpaca looks like a good application, thanks for the recommendation. Open a Webull CASH account transfer 5k over there. Take the other 5685.59 and put it in your bank or pay down debt on high interest cards. You can then trade again and not have to worry about the PDT rule- You just need to make sure not to use settled cash- Say you buy 1k of options on monday. Then you still have 4k. 22 Jun 2023 ... As of right now I would buy ai stocks such as Tesla apple and Microsoft ext. I would avoid anything with under 1,000,000 in volume. I like to ...Day trading or intraday trading as we call it in India is profitable , yes it is. But success rate is similar to any other business out there. For example: 90% of the business fails in first year. 95% of the people who tries to become a doctor fails. 99% of the people trying to make it into ivy league college don't.If you have a $40,000 trading account and are willing to risk 0.5% of your capital on each trade, your maximum loss per trade is $200 (0.5% x $40,000). Earmark …In November I opened a paper trading account and started just learning how the interface worked. January came and I took the entire month off and went on a month-long crash course. I mean I was, and still am, getting …15 Feb 2023 ... How To Start Day Trading · Paper account - open a paper account and start investing in it for at least 3 months in which you are in profits on a ...Platform trading – trading investments using special online software – has brought the trading floor into everyone’s homes, enabling anyone to take control of their investments. If...Intro. Day trading is buying or selling a security on the same day to achieve a financial gain, usually on an exchange. It can be done within a few seconds or over hours. Types of securities can be shares of stock, …5 Sept 2023 ... Your broker should have scanners. Tradingview has scanners. Depending on your strategy, you may try focusing on a few stocks that have larger ...Risking 1% of your total capital per trade means even after 100 trades you will still have 1,800 dollars starting at 5k to keep trading if you got them all wrong. Many people say it’s 100 trades but that’s only if you used a fixed loss but the loss should decrease as you balance does. With 5k at risking 2% you will have 650 usd left.Reddit has enjoyed strong financial growth over the past few years. In 2023, Reddit reported $804 million in annual sales, a 20% increase from the year prior. It also …5 Sept 2023 ... Your broker should have scanners. Tradingview has scanners. Depending on your strategy, you may try focusing on a few stocks that have larger ...I keep about $50k to $75k in my main day trading account, but plan on increasing that during the next year to roughly $100k. Every week I transfer most excess money from my day trading account to my personal bank account. For example, I made about $9400 this week, and I am transferring about $8000 to my personal bank account.r/wallstreetbets. The largest of Reddit’s investing communities, WallStreetBets (WSB) boasts 10.5 million members, with hundreds of thousands of self-dubbed “degenerates” (the community’s ...Reddit community for TheFinanceNewsletter.com and it's 50,000 readers! (We discuss money, finance, investing, stocks, financial news, personal finance, real estate, crypto and building wealth from different points of views) ... From a day trading perspective, a 10% profit in 3 weeks is pretty darn good. A stock being up 300% is rather absurd ...When you want to invest, it can be tricky to know where to start, especially if you’d prefer to avoid higher risk stocks and markets that make the news every day. Read on to learn ... I have been using the 1-minute chart for almost a year now. When I first began trading in March 2020, I used the 5-minute chart for a couple of months, but switched to the 1-minute chart eventually when I started day-trading options seriously. So far, I have had satisfactory success with scalping options with the 1-minute chart. A website’s welcome message should describe what the website offers its visitors. For example, “Reddit’s stories are created by its users.” The welcome message can be either a stat...There you guys go this is my ultimate Day Trading layout! Hope this helps. Follow me on Twitter @ PRFTrocket. I post my daily Watchlist with levels to watch, Tweet my ideas, and update as I start new positions everyday. EDIT: Here is a picture of my HotKey Settings for reference also. EDIT #2: As requested here is a link to my shared workspace. Day trading is really only a good idea if you have a large amount of money to invest. I say this for the exact reason you pointing out: you don't want to get eaten alive by commissions. The exception to this rule is if you use a discount broker than charges on a per-share basis (like InteractiveBrokers for example). You’ll soon learn that all day trading brings is stress when the market either tanks just after you buy or moons just after you sell. In the end you realise you’d be better off mentally and financially if you’d of just bought on the dip and held on tight. Whatever you do, good luck! I made a lot of USD trading crypto. Why you should use futures to day trade. Just read a post of someone reaching 25k in their account and being happy they can trade without worrying about the pattern day trade rule. Awesome to hit a goal like that but I would highly encourage anyone attempting to day trade to look at futures. The vast majority of …

If you don't know what a "Sharpe Ratio" is you have no business doing trading. I'll put 1 million PHP on the line for zfreek or any pinoy trader or internet trader/scammer. 1000 days of day trading bet that they can beat the market. Publish the day before entry/exit price. 1000 trading days straight. 1K PHP / day they are …. Automotive window replacement near me

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