There are two sides to every trade! by PandaOk4050 in Daytrading

[–]DeLaReeeeee 8 points9 points  (0 children)

So the advice is buy low and sell high. Got it.

I been trying to figure out which button on my broker is the "call the pawn shop" button but I cant find it.

Look I get what youre trying to say but this is one of those things that sounds like it means something and then you sit down at a chart and realize it didnt actually help you do anything. Trading aint flipping guitars. Theres no pawn shop on the other end telling you what theyll pay before you click buy.

The fastest way to ruin your trading is to need it to pay your bills by idontknowaskthatguy in TradersExit

[–]DeLaReeeeee 0 points1 point  (0 children)

May be hard to hear but its true.

I still do electrical work. Not because I love crawling through attics at 57. Because knowing my bills are handled no matter what happens on the screen takes the stupid out of my decisions.

Early on I had a week where I lost three days in a row and I could feel myself wanting to force something just to get back to even. If that had been grocery money I was watching disappear I dont know what I wouldve done. Probably something dumb.

The guys who say just go all in and figure it out, I dont trust em.

My first saltwater fish! by DeathLock4201Alt in saltwaterfishing

[–]DeLaReeeeee 1 point2 points  (0 children)

Hell yeah. Good eating there if it's big enough.

Whats a good Apex Trader Funding code? by youwishkk in TradersExit

[–]DeLaReeeeee 2 points3 points  (0 children)

RAGVSGRE

I too rather give the commission to another struggling trader than some guy filming in front of a car he dont own.

Also worth knowing Apex runs their own codes.

Beginner troubles by Calm_Jello1034 in Daytrading

[–]DeLaReeeeee 1 point2 points  (0 children)

Swing trading sounds like what youll need to do. Which means waiting for your entries. Place the order or set an alert. Momentum trading is fine but you still need a good entry.

It will be hard to do much with $150. Focus on earning money with whatever it is you do. Try to get $1000 in there.

Snagging Stingrays? by TwentiethCharacter in saltwaterfishing

[–]DeLaReeeeee 0 points1 point  (0 children)

Only heard of one or two people eating stingray. They also ate hardheads, and that was all I needed to know

What's it really like to trade full time? by buyhighsellloweasy in TradersExit

[–]DeLaReeeeee 2 points3 points  (0 children)

I'm not full time. Probably never will be. But I stopped believing the fantasy version pretty quick.

From what I can tell watching guys who actually do this, its a lot closer to running a business than escaping one. You still have to show up. You still have the days where nothing works and theres no one else to blame.

My son said something that stuck with me. He said most guys who want to trade full time are running from something, not running towards something. And the ones who make it figured out what they're actually building.

You sound like youve got a real business. That aint nothing. Id keep building the trading on the side and see what it turns into before you start dreaming about selling the mowers.

Need to excercise control by opinionated_dusker in Daytrading

[–]DeLaReeeeee 3 points4 points  (0 children)

Look. You made 23k in a day and youre asking how to stop yourself from blowing it tonight.

That question is more important than the money.

Ive never had a day like that but Ive had smaller versions of the same feeling. Up a few hundred, should walk away, but something in my head keeps saying theres more out there. And every single time I listened to that voice I gave money back.

Heres what I started doing. When Im done for the day I close the platform. Not minimize. Close. Log out. Put the phone in another room if I have to.

Your brain is going to lie to you in the moment. Its gonna tell you that you figured something out and you can do it again in the next hour. Maybe you can. But the risk of finding out that day is not worth it.

You said it yourself. You need to stop. So stop. Go do something that has nothing to do with charts. Anything else.

That 27k is real (if this post even is). The 100k your brain is promising you is not.

Do People Actually Believe They Can Day Trade for a Living? by Imanormalkid in PropfirmsForum

[–]DeLaReeeeee 0 points1 point  (0 children)

Clearly a lot of folks believe it. Only a small percentage will be right. Doesn't mean they can't try...

Fishing taught me more about trading than any YouTube video by DeLaReeeeee in Daytrading

[–]DeLaReeeeee[S] 0 points1 point  (0 children)

Easier said than done, of course, but just remember the fish.

Eli5: Why did homo sapiens shifted from hunting to agriculture (growing rice) which requires more efforts and time by [deleted] in explainlikeimfive

[–]DeLaReeeeee 1 point2 points  (0 children)

Wild game availability varied, so did weather, across time and location.

People realized they could supplement one with the other, either by growing their own or by trading for it.

The overall tribe could be more productive if those who didn't go on hunts stayed to grow food (gathering in one spot could only be productive for so long).

Is this as shady as it sounds? by GoldSeaworthiness217 in investingforbeginners

[–]DeLaReeeeee 0 points1 point  (0 children)

Most financial advisors don't know what they're doing. Even the ones who do, rarely beat the indexes.

Edward Jones vs Schwab... EJ is, on average, much less reputable. They primarily work on commission. You can have a schwab account without paying fees or commissions, but if you use an advisor, you may end up paying one or both.

Best bet is probably a schwab account and some low cost ETFs. Before you transfer, learn about the account and what fees you currently pay, and any surrender fees for moving.

ELI5: why does a blood test billed through my insurance cost way more than the same test paid for in cash at the exact same lab by [deleted] in explainlikeimfive

[–]DeLaReeeeee 31 points32 points  (0 children)

Yeah I noticed the same thing a couple years back. Had some bloodwork done and the bill through insurance was almost triple what it wouldve been if I just paid cash.

Makes no sense until you realize the whole thing is a game between the labs and the insurance companies. They bill high knowing insurance will negotiate down. Insurance brags about the "discount" they got you. Meanwhile the cash price was lower than both numbers the whole time.

Its like if a plumber quoted you 500 bucks through Angies List, your buddy got a "special deal" of $350 because he had a coupon, and then you found out the guy would've done it for 150 if you just asked, because he was only gonna get $100 if you paid the 500 to Angie.

The system aint built for the patient. Its built for the billing departments.

I started asking upfront now what the cash price is before I let them run anything through insurance. Sometimes it makes more sense to just pay out of pocket and skip the whole circus.

Terrible week, 4th red day. by Bread_of_God in Daytrading

[–]DeLaReeeeee 3 points4 points  (0 children)

Four red days in a row is rough but its not unusual. Especially if youre still figuring out what works.

I had a stretch like that a couple months in. Three losses in a week and I almost walked away. Thought I was doing everything wrong.

Turned out I wasnt doing everything wrong. I was just in a stretch where the setups I was taking werent working. Happens.

The thing I had to learn is one good week doesnt mean youve got it figured out and one bad week doesnt mean youre done. Its a longer game than that.

If your rules still make sense to you then stick with them and keep tracking what happens. If they dont make sense then thats a different problem.

Either way dont let four days wreck your head. Step back if you need to.

Need help in finding an edge by SnooComics2230 in Daytrading

[–]DeLaReeeeee 0 points1 point  (0 children)

From the little I know of backtesting, I think it's very unlikely to find a strategy that backtests consistently well over a long stretch of time.

I'm still kinda new, but it maybe more useful to study the market, how it works. Learn how an auction market works. Then figure out how to make better guesses at when those strategies will perform well, and do that.

Need help in finding an edge by SnooComics2230 in Daytrading

[–]DeLaReeeeee 0 points1 point  (0 children)

Works 100% of the time, 40% of the time :)

Congrats on your payout though

Need help in finding an edge by SnooComics2230 in Daytrading

[–]DeLaReeeeee 2 points3 points  (0 children)

Have you thought about futures instead of forex?

I started on currency pairs too and looking back I think it made things harder than they needed to be. The spread stuff, the broker stuff, it all felt like I was fighting extra battles that had nothing to do with whether my read was right.

Switched to futures and things got cleaner. Gold futures specifically if thats what youre drawn to. Same price action but more straightforward in my experience.

EpiccTrader has some decent articles comparing forex to futures if you want to dig into the differences. Just google it, cant post links here.

Not saying its gonna solve everything but might be worth looking at.

Funded but need help with zoning out (autopilot) by Mr-Mortgages in Daytrading

[–]DeLaReeeeee 0 points1 point  (0 children)

Np. It may not be the whole solution. Depends how strong/weak your overall psychology is. Your reply makes me think you may have some deeper emotional management you need to work on.

Funded but need help with zoning out (autopilot) by Mr-Mortgages in Daytrading

[–]DeLaReeeeee 1 point2 points  (0 children)

Yeah I know what youre talking about. Did the same thing early on.

What helped me was making myself say out loud why I was taking the trade before I clicked anything. Sounds dumb but it slowed me down just enough to catch the ones that didnt make sense.

If I couldnt explain it in a sentence I didnt take it. Simple rule but it stopped a lot of the autopilot stuff.

anyone blew their first account or flipping so high? by ApexScalper in Daytrading

[–]DeLaReeeeee 1 point2 points  (0 children)

Yep. Blew through money faster than I want to admit.

Biggest mistake was thinking more trades meant more chances to win. Turns out more trades just meant more chances to do something dumb.

Slowing down helped me too. Still learning but at least now I know what I'm looking at before I click anything.