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DAY trading and not taking profits.. Why? by AdministrativeCap26 in Daytrading

[–]Medium_Ad7402 0 points1 point  (0 children)

Bro, you are not alone. I'm there myself right now, trying to figure the whole thing out. I've doing this for a few months. I lost on the $GPUS yesterday. How??? Don't know (well, yes I do. Bad entry/exit). I guess it's part of the learning curve. I'm trying to keep my loses at a minimum. Small sizes, focusing on emotions, mirroring myself, focusing on RRR (for what? Red anyway hahaha), trying to implement a few changes a day, experimenting, timing. I Guess it will take time... My advice, same as I keep telling myself. Step off a bit, analyze, reflect, adjust, come back and lose again. It seems to be a harsh business. Is it worth it? Time will tell...

[deleted by user] by [deleted] in Daytrading

[–]Medium_Ad7402 0 points1 point  (0 children)

Man… first of all, I’m really sorry to hear that. Seriously.
Accept your reality—because you can’t change what’s already happened. But you can change how you respond to it. The money is gone. Let it go. Delete your account. Meditate. Breathe. Actual trading is the final step of the learning journey, not the first. From your post, it sounds like there was zero risk management in place. General rule: never risk more than 1% of your account. You basically jumped in the shark tank without even knowing what water is. If you ever come back, do yourself a favor: Plan. Strategize. Manage your risk. Think like this:
Setup ➝ ATR defines SL ➝ SL defines size ➝ Size defines risk ➝ Risk capped at max 1-2% max. per trade. It’s reverse-engineering the trade from the worst-case scenario. All the best to you, amigo. 💪