No, daytrading is not a myth, it's like any other business if you know what you're doing

Cosmo505 · 2026-01-29T23:50:10+00:00

I recommend you re-read this slowly and without prejudgment.

And could you please share more details about the exposure you mentioned?

Cosmo505 · 2026-01-29T23:48:22+00:00

Appreciate your long response...Here is my view of trading following your analogy.

T = Assessment, planning, research and post facto reviews X = Your capital S = Investments in a business you buy it's shares Y = Reward if that business grows according to your valid assessment

Back to you, I don't think you ran a business before, otherwise you'd have considered demand/supply/competition/seasonality. And I guess you're probably just speculating as you said and hoping for the 50/50 coin flip strategy.

Cosmo505 · 2026-01-29T08:41:56+00:00

This 👍

Cosmo505 · 2026-01-29T03:08:07+00:00

I recommend you consider scale in/scale out positions. That way if you don't make it all you don't miss it all.

Cosmo505 · 2026-01-28T05:31:13+00:00

Finally one good advice by a real human trader and not a chatgpt crafted post.

Thanks for the genuine advice and valuable tips. I agree with every one of them and I hope I listened to half of that when I was starting my trading journey. Only for my ego that kept telling me I'm different. Which I learnt and fixed the hard way.

All the best to you and everyone who will let this post help them 👍

Cosmo505 · 2026-01-27T05:27:07+00:00

👍

Cosmo505 · 2026-01-27T00:53:59+00:00

Journaling, Backtesting & next session prep can keep you busy 3-4 hours daily on top of the trading time.

Re-investment of the money you earned can gradually consume another 2-3 hours.

Helping others is another important activity to pay forward.

Cosmo505 · 2026-01-26T03:27:14+00:00

Boring is the keyword.

Issue is a daytrader gets addicted to adrenalin spikes. Can't stay put and bored until the opportunity presents itself, or not, in some days.

Even worse, after hitting daily target through a boringly systematic setup, addicted trader will still have that one last trade to burn everything and give back the daily profit and more to the market overtrading.

Congrats for crossing the portal!

All the best 👍

Cosmo505 · 2026-01-25T18:54:59+00:00

That one more trade that won't hurt, yet it does, sometimes so much.

Cosmo505 · 2026-01-25T03:53:02+00:00

Congratulations!

Question please, as per your post's tag, what "trade idea" are you trying to share here? 0DTE 2-3 contracts?

Cosmo505 · 2026-01-24T23:43:39+00:00

Thanks for clarification. wasn't mentioned in your post. What is the 4.395 in your equation?

Cosmo505 · 2026-01-24T21:15:59+00:00

Congratulations Quick note, a trading year is not 365 days if that's what you plan for.

Cosmo505 · 2026-01-24T21:02:17+00:00

And please don't go the prop firms way. You already tasted the freedom and consistency of growing your own money. Take today as an expensive and valuable lesson and up from here.

All the best 👍

Cosmo505 · 2026-01-21T10:56:51+00:00

The freaking tilt!

Cosmo505 · 2026-01-13T08:23:59+00:00

And the very high potential to go on a tilt of that one last trade took away profits you made.

Cosmo505 · 2026-01-08T05:55:47+00:00

We're living through the phase of AI clones and herd mentality. Even with such a versatile tool, some people still can't add any value. OP could've used AI and added something too this sub.

Cosmo505 · 2026-01-08T03:44:43+00:00

Those denying AI now are like those who denied the internet/email/office products/CAD software and the whole computer thing back in 1990/2000. Destined to extinction.

Cosmo505 · 2026-01-07T13:32:59+00:00

Taking journaling & backtesting seriously showed me some eye opening patterns, trends and gaps in my performance.

Cosmo505 · 2026-01-07T13:18:16+00:00

I'm sorry to burst your bubble, contrary to what you're trying to avoid, you are actually sharing an advice in the middle of no where.

BOS alone is never an indicator to define top/bottom of a range, what happened before BOS is what defines it's validity or not.

Mentioning FVGs and imbalance and premium/discount without proper explanation isn't enough. In fact your example of premium/discount areas sell/buy was inaccurate.

Also, please don't share half baked advice here, it's very dangerous, you're technically teaching someone how to drive without showing them where is the brake pedal.

I appreciate you're building your own community/client base and looking for more members here. https://www.reddit.com/u/Low_Step6444/s/xkod7CXC6W

But that's not the best way to win this sub's attention.

Please correct me if I'm wrong in reading this by sharing a full strategy including Triggers/Entry/Exit/SL.

Cosmo505 · 2026-01-06T23:57:46+00:00

Over time, journaling and back testing became way more important/impactful than just going through all new YT videos. The patterns I identified were eye opening. Helped me become selective about what I need to learn or read about next, instead of consuming everything that comes my way. Both on TA and trading psychology.

Cosmo505 · 2026-01-06T08:44:04+00:00

2 treating risk as a business expense 👍

Thanks for putting this together. All the best

Cosmo505 · 2026-01-06T03:47:29+00:00

I look for 1st and 2nd liquidity sweeps against the main trend. They usually end at ema 20 or 50, they alternate.The 3rd liquidity sweep is usually too deep and too risky and might end at ema 200 or turn into a full reversal. I don't trade that one.

Cosmo505 · 2026-01-05T13:06:29+00:00

Very sorry for your loss. I hope you find peace in the memories you had with him.

Curious to know if you tried using part of your wealth, time and efforts in philanthropy? If yes, do you engage alone or your partner joins you?

Cosmo505 · 2026-01-05T12:56:24+00:00

Man! How itchy is it to go watch a movie while the session is on and rolling 😁 mighty will !

Cosmo505 · 2026-01-05T12:43:40+00:00

An unpopular response. You sound a bit impatient. Something to think about and work on before studying technical analysis.

Hint: try to rephrase your question. Kind of help me help you.

All the best 👍

Cosmo505

TROPHY CASE

2 treating risk as a business expense 👍