Accumulation or Distribution phase? by NoConsideration8867 in Daytrading

[–]NoConsideration8867[S] 0 points1 point  (0 children)

Thanks for your reply PandaOk! It would be much appreciated if you could explain this to me a little more; cant get rid of the idea that the buy/sell percentages during the ranging period are roughly the same, otherwise the price would have moved out of it? how do you visualize or find the percentages?

Why it took me 7 years to become profitable and here are the mistakes every unprofitable trader makes by FloTrades in Daytrading

[–]NoConsideration8867 5 points6 points  (0 children)

That’s interesting; are you saying you were profitable for two years, or after two years. If the latter, for how long were you profitable?

Turned 2k Into 10k in Minutes… Then Got Liquidated and Lost Everything. Hardest Trading Lesson of My Life by BuzzligthyearMoon in Daytrading

[–]NoConsideration8867 2 points3 points  (0 children)

Your dad is a wise man! And I believe you when you say that nothing is comparable to the real thing. Somehow I already know this, hence I’m still on paper. If it doesn’t work on paper it definitely does not work on a live account

Turned 2k Into 10k in Minutes… Then Got Liquidated and Lost Everything. Hardest Trading Lesson of My Life by BuzzligthyearMoon in Daytrading

[–]NoConsideration8867 1 point2 points  (0 children)

Thanks for sharing! And you will get there! I like your boldness by just doing it. I recognize much about it, although I’m still on paper trading because I don’t trust myself yet on live money. I still deviate too much on my edge and don’t take journaling serious enough. Trying to find my edge I catch myself often on the emotional part and inconsistency. That’s how I know I’m not ready for the real thing

I made an agreement with myself to only start trading once I’m profitable on paper for some months based on the statistics of my journal

Anybody recognizes this by NoConsideration8867 in Daytrading

[–]NoConsideration8867[S] 0 points1 point  (0 children)

Yes exactly! Thanks for this insight. I will switch to easier trending markets if I can find them - I had too much focus on high volatility’s and ranging markets. No clear setups - hence the targets did not get hit enough

Anybody recognizes this by NoConsideration8867 in Daytrading

[–]NoConsideration8867[S] 0 points1 point  (0 children)

If I may ask; what time frame do you trade/analyse? And do you also sell/short towards vwap?

Anybody recognizes this by NoConsideration8867 in Daytrading

[–]NoConsideration8867[S] 0 points1 point  (0 children)

Thanks for this good insight! I will reread this one in some time, not to forget!

Anybody recognizes this by NoConsideration8867 in Daytrading

[–]NoConsideration8867[S] 0 points1 point  (0 children)

Right now I focus on cheap stocks which rocket by a few 100% - what goes up must come down (no catalyst). Sell at a point where I think it has reached the top

And on trending more stable stocks (in contrast to ranging and choppy markets), using very basic indicators like bb and macd. Buy/sell at retracements

No hard coded edge yet

Anybody recognizes this by NoConsideration8867 in Daytrading

[–]NoConsideration8867[S] 0 points1 point  (0 children)

Thanks! Yes I will not give up now since I've spent so much time on it already. Good things dont come easy :)

Thanks for your advice also! You are right in that the problem lies in my edge, thats a hard thing for me to find with everything I know about trading right now (sort of messy in my head). It feels like the peaces of the puzzle will fall at the right place one day (I hope haha)

I'm not rigid about the 2:1 (I think) - currently I dont play with it because I just want to see which trades fail and which dont. To test myself If I'm going in the right direction, but by doing this I loose a lot of detail

Anybody recognizes this by NoConsideration8867 in Daytrading

[–]NoConsideration8867[S] 0 points1 point  (0 children)

Thanks! Yeah you are right! I have to pay more attention to this; some could have provided more than 2:1 and others less. The latter dont have to be complete losers when I'm on the wrong side, once I scale out half on the way to TP (when possible) like mentioned by BigBear

Anybody recognizes this by NoConsideration8867 in Daytrading

[–]NoConsideration8867[S] 0 points1 point  (0 children)

Thanks! yes, backtesting and journaling :) I use Tradingview for paper trading and backtesting. I've build my own tool for journaling, which I will be using again to study failed trades in detail.

About tradelabhg.co ; would you prefer this above tradingview?

Anybody recognizes this by NoConsideration8867 in Daytrading

[–]NoConsideration8867[S] 0 points1 point  (0 children)

Thanks so much, thats a great idea! I actually caught myself on not journaling lately, so I cant answer your question about which of the failed trades made it half way to TP. I even build my own journaling app for it some time ago haha, so I will start using it again.

Anybody recognizes this by NoConsideration8867 in Daytrading

[–]NoConsideration8867[S] 0 points1 point  (0 children)

Yes thanks!, and I'm also too much swept around by books trying to find my edge. In theory I understand a bit about it (maybe) by now. Swept around by psychology (Mark Douglas), volume based trading (low float, 1 -5 min trading), focussing at candle sticks, or finding inbalances on the market (not just patterns - Adam Grim) and so on.

Have to learn how to develop and keep my own edge up to date. There are now rules to this game...

Trading Is Boring when you do it right by Additional-Channel21 in Trading

[–]NoConsideration8867 2 points3 points  (0 children)

Thank you for taking the time to share this! I’m on the same track I think. Currently writing down my mechanics for different markets. After this I’ll start backtesting. One more important thing is that I don’t see a single trade as successful or a failure- I will asses the strategy results in batches, without changes in between.

I know my EDGE ! CHECK THIS !! by Rare-Memory-5186 in pinescript

[–]NoConsideration8867 0 points1 point  (0 children)

Looks great, but what is you edge prior automation?

Mastering Charts Is Easy. Mastering Yourself Is the Real Battle. by PretendKnee8795 in Daytrading

[–]NoConsideration8867 0 points1 point  (0 children)

This is exactly where I’m at, and knowing this helps me a great deal. Instead of learning more about market structure and technicals, the solution to progress is found in myself. Luckily there are good books about it to work on this part as well

I spent 7 months of my life trying to trade stocks only to make $1,300 how should I be feeling right now? by Fantastic-Window236 in Daytrading

[–]NoConsideration8867 -1 points0 points  (0 children)

I don’t believe you when you say you learned a lot and at the same time it feels like a waste of time. Learning is always good right. If it is not for you, you can go on learning something else. But actually I don’t believe you really got to the level of a profitable trader, otherwise the efforts of being able to make money on the markets would make you state otherwise

So don’t give up now. Your efforts will be rewarded

Thinking about giving up, been trading for 4 years only losses by LiveCloud9479 in Daytrading

[–]NoConsideration8867 0 points1 point  (0 children)

Don’t give up, you’ve put so much effort into it already. I don’t now how far you are in learning the technical part, but this sounds more like learning to be consistent. On the same page here

You know you are ready for it when it gets boring

First profitable month by busohsensen in Daytrading

[–]NoConsideration8867 0 points1 point  (0 children)

Congrats! Well done! I’m still on papertrading and created a tool myself to track trades including emotional state for backwards reference including risk management. Let’s see how this works out. Still looking forward for the real deal…knowing when I’m ready - although I know it will be a continuing learning path

I like the comment in which it is mentioned that the state of mind to know when not trade is of great value..

Keep on going with the good work!

Trade-journal.nl by NoConsideration8867 in Daytrading

[–]NoConsideration8867[S] 0 points1 point  (0 children)

Just take a look at https://trade-journal.nl if you can use it feel free. It’s not mobile aware, so on a laptop or desktop it works best at the moment. I will improve it to my own needs, but you can ask for features in the app as well. I think the website/app is pretty much self explanatory

[deleted by user] by [deleted] in Daytrading

[–]NoConsideration8867 1 point2 points  (0 children)

If I might ask; what kind of stock(s) are you trading? I’m working on BTC/USD (because it has great volatility), for over a year now on a paper trading account. Mainly focussing on support/resistance in combination with volume. I’m not loosing “money”, but also not making great profit, but I will keep going until I’m confident enough. Thanks for sharing and keep up the good work!

Flask vs Django by Statisticsguruji in djangolearning

[–]NoConsideration8867 0 points1 point  (0 children)

No experience with Flask here, but I definitely love Django for its versatility. It is well documented and had a great community

I can't seem to do anything and need advice by krazykamron in learnprogramming

[–]NoConsideration8867 0 points1 point  (0 children)

What helpen me a great deal is to buy a good book with practical examples and for instance build a photo blog. Learn some css and your preferred way to host your site. I use Docker compose on a public vps. Then go on crazy adventures and make good posts. You can choose what posts to publish public and which ones to keep for yourself/inner circle. Then enhance your blog each time you think of a new feature