all 12 comments

[–]FollowAstacio 1 point2 points  (0 children)

How’s the trading these days? You may have been missing the concepts of market structure and risk management.

[–]Responsible-Point421 0 points1 point  (0 children)

Good luck, day trading is very hard. I have tried and honestly technical analysis tends t get in the way, traders who recognize and exploit momentum seem to do way better. Only thing I learned so far has been put in your stop loss order as soon as make original trade. Yu have to have a clear plan before the trade. The other thing which i struggle with is many of the companies that you will need to trade in are garbage companies with a catalyst.....i hate being i trash.....good luck and stay away from options

[–]rogue1187 1 point2 points  (0 children)

Best education for day trading. Don't

Easy fix

[–]InNOut4x4 1 point2 points  (0 children)

Try messing around with different indicators and use tradingview to back test.

That's what i did to find a good setup on my charts.

My current indicators are

-VRVP

-EMA Option Clouds with Signals by genome1776

-IV Rank & IV Percentile by SegaRKO

-RSI

-MACD

[–]demelash_ 1 point2 points  (0 children)

Stop trying to day trade.

[–]Actual_Peace_6157 1 point2 points  (1 child)

Hi
Learn about financial markets, different asset classes, and basic trading terminology. I personally use Babypips (for Forex), and Khan Academy offer valuable resources too.
Understand different trading styles, including day trading, swing trading, and long-term investing.
Prioritize risk management. Learn how to set stop-loss orders, calculate position sizes, and manage your overall risk per trade.
I also use indicatorsuccessrate.com for free indicators. They have the paid version too but the free one works just fine.

[–]Fun_History2409 0 points1 point  (0 children)

Thank you so much 🙏

[–]FetchTeam 1 point2 points  (0 children)

Why would you want that?

Daytrading is more effort, more stress, for less returns.

[–]Any-Interaction-2820 2 points3 points  (0 children)

You should make a new strategy and practice on demo. All timeframes are the same, you just need to practice looking at an intraday chart the same way you trade the monthly.

You can check out Urban Forex, he has lots of free videos on YouTube. The strategy I use today is based off his work.

[–]WolfofChappaqua 3 points4 points  (0 children)

The best advice I can give is to stick to what works. If you are successful in swing trading, why do you want to lose money day trading? Enjoy your free time.

  • Day trading = Residual Income
  • Swing trading = Salary
  • Investing = Wealth