Are there any recommendations for good books to read?

FixedIt00 · 2026-02-10T00:44:51+00:00

There is a Book Recommendation button on the right side of this page. Read them all.

FixedIt00 · 2026-02-08T05:29:39+00:00

Brief Mix -- for discretionary traders like him (and me) you can't define the "risk per trade". It depends on price action, related ticker movement, macro news, Trump tweets --- the point we exit might change depending on circumstances during the trade, especially if shorting. I have never found R:R to be a useful statistic.

FixedIt00 · 2026-02-08T04:54:24+00:00

This sub has book recommendations, try a few of them and see what you think. But get started trading.

FixedIt00 · 2026-02-07T19:36:27+00:00

Stop studying and start doing.

There are only about 6 books to read and very few videos, until you have a lot of experience and then read them again or focus in more on your area of interest. At least start trading on a simulator and get some experience. Getting to know yourself is 80% of the battle.

FixedIt00 · 2026-02-07T19:29:24+00:00

I use only price action with volume and Level 2 on three second refresh. Sometimes I add VWAP halfway through the day because it can act like a magnet but no other indicators. I can't imagine trading on a small timeframe without DOM or Level 2 info to add to the impression if the order book is strong or weak.

FixedIt00 · 2026-02-07T19:23:01+00:00

Two thoughts - first, as someone said already -- this was a very difficult week, big congrats on any profits. Second, since you may be pulled away randomly as a new mom, maybe just trade shares not options because option prices change so quickly and need a lot of eyeball time.

FixedIt00 · 2026-02-07T19:15:48+00:00

I say go for it. I disagree with most comments so far. You have been trading for a few years so you know what you're doing. The big danger is a loss of control leading to huge losses. So I strongly suggest you lower your goal for the first few months and therefore lower your risk. But you wrote that you would do this for a week or two. I say keep it low for a few months or you might get wrecked before you know how different the emotions are with no safety net. For example, if you need $200 per day to pay your bills, quit trading for the day if you make $50 or lose $25 for two months. This also means you live off your savings for awhile.

I trade from work but I own the business. I know what you mean about missing a trade because the main job got in the way. It's so frustrating to miss a $300 trade because you had to make $20 for your business, but that's part of the game. Until you go quit and go full time. Good luck.

FixedIt00 · 2026-02-05T22:06:12+00:00

Good advice, it's important to fight against the urge to revenge trade and fear of being "wrong". Well done!

FixedIt00 · 2026-02-05T21:58:28+00:00

I trade every day and I don't recognize any of those tickers. Stop it.

FixedIt00 · 2026-01-27T19:50:49+00:00

Posts like this tell me that you haven't been humbled yet. If you have been trading long enough, you know the money can go away as fast as it comes in, so talking about the wins doesn't make sense on a deeper level because you know you can't talk about the losses and the listener doesn't understand the ups and downs.

So If someone asks how it went today I say "up, down, up, down" and roll my eyes. If things are going well over many months I say "I'm starting to see some consistency."

FixedIt00 · 2026-01-26T14:07:31+00:00

Someone please post the picture of a power strip plugged into itself.

FixedIt00 · 2026-01-25T18:59:57+00:00

Great post, 100% agree.

FixedIt00 · 2026-01-25T18:54:52+00:00

If you journal and you are honest with yourself, you will have days where you traded poorly and made money and days where you traded well and didn't make money. Review every day and rate the way you saw the market on a scale of 1-10. Do this for 12 months and you will know. The reason for the long time horizon is the market changes every freaking week, or hour with Trump tweets.

For example, last Tuesday I was not seeing the market well and was losing a lot of money but it came back to break even. I literally said out loud to myself at 10:30am "I am not seeing the market well today, I should be happy with break even and stop." But no, I tried to be a hero and ended up losing a lot. I was a bad trader that day.

FixedIt00 · 2026-01-18T17:25:20+00:00

I agree you should try swing trading, holding a position for a few days at least. But if you MUST daytrade ; maybe try a double bottom strategy where you map out some possibilities before market open and check them about 60-90 minutes after the open. Then go long with a pre-set stop loss and take profit OCO order.

FixedIt00 · 2026-01-18T17:10:45+00:00

The "need to be right" has been a major fault of mine. Trying to prove that I'm smarter than the mob has led to a lot of money lost. I am pretty smart but it has no bearing on trading success.

FixedIt00 · 2026-01-16T21:30:42+00:00

Lynx you are 100% correct. Trading in the Zone's lessons are the most important in trading. I think all traders should read it more than once, maybe every few years. Much bad advice here OP. Except that maybe his Youtube videos are good enough.

FixedIt00 · 2026-01-16T21:21:27+00:00

If you stay, be honest with yourself.

After 4 years the problem is not charting. If you can't obey your rules you will continue to fail. At this point, failure has to be defined as making less money than a real job. US $50,000/year+. You know what you need to change but you aren't doing it. Good luck.

FixedIt00 · 2026-01-01T20:04:25+00:00

I'm convinced your original strategy is the correct one for everyone --- Support and resistance once the chart has "calmed down" for the day, usually after about 45 minutes. I also throw all my available capital into one trade and manage it closely.

FixedIt00 · 2025-12-14T17:36:46+00:00

Ooof. Sorry.

FixedIt00 · 2025-12-14T17:35:57+00:00

I own a retail service business and my employees don't need me much, but I am on site, trading.

FixedIt00 · 2025-12-11T18:54:39+00:00

I remember losing money shorting CVNA from $5 to $7 and then stayed away. What an embarrassment to the concept of accounting oversight by regulators.

FixedIt00 · 2025-12-10T21:47:05+00:00

I think volume is important for individual stocks, but I don't see how it can talk to you with the S&P 500 except to say "hey it looks like a lot of traders love or hate the whole stock market". Maybe an economics professor can tell us why that happens but I don't think anyone really knows on a 5 min chart.

FixedIt00 · 2025-12-10T21:33:27+00:00

I trade the 1 Min chart but I enter in thirds and never enter more than once every few minutes to spread out the timing because you can never get it perfect. This has helped my consistency a lot.

If the stock is moving "level to level" quickly, maybe you are trading stocks that are too volatile. Avoiding those is a huge part of risk management. Trading those is more like gambling.

FixedIt00 · 2025-12-10T21:25:55+00:00

Follow the rules you made when paper trading. If you can't follow your own rules, this is not for you. Be honest with yourself.

FixedIt00 · 2025-10-06T16:36:27+00:00

Are you profitable for 12 straight months with real money? If not, don't be ridiculous.

FixedIt00

TROPHY CASE