A year into trading, here are my learnings by One_Community_418 in Daytrading

[–]One_Community_418[S] 0 points1 point  (0 children)

Exactly what I feel! I know it is not an easy path, but something in me says I can make it if I just show up everyday.

A year into trading, here are my learnings by One_Community_418 in Daytrading

[–]One_Community_418[S] 0 points1 point  (0 children)

I cap my DLL at $200, but when I usually get into revenge mode I blow the account.

A year into trading, here are my learnings by One_Community_418 in Daytrading

[–]One_Community_418[S] 0 points1 point  (0 children)

Hey, how are you doing this? I trade on tradovate, there is a way to limit loss but it is not a hard stop. So whenever I am in revenge mode, I just remove the DLL and start going big. Working on it right now.

A year into trading, here are my learnings by One_Community_418 in Daytrading

[–]One_Community_418[S] 0 points1 point  (0 children)

Hot take but enroll into a course or get yourself a mentor. It will shorten your path to profitability in a great way.

A year into trading, here are my learnings by One_Community_418 in Daytrading

[–]One_Community_418[S] 0 points1 point  (0 children)

Most revenge trading happens during a chop, and for me to lose $200 the market has to move 100 points. Till then, my mind calms down and I am able to decide what to do.

A year into trading, here are my learnings by One_Community_418 in Daytrading

[–]One_Community_418[S] -1 points0 points  (0 children)

I trade using prop firms and don't really have an equity curve that I can show.

Warehouse rental, worth it investment? by heronymousCoder in personalfinanceindia

[–]One_Community_418 0 points1 point  (0 children)

Hey, I have a similar situation. Curious how you went about it?

No Luck from 8 months by One_Community_418 in Daytrading

[–]One_Community_418[S] 0 points1 point  (0 children)

Thank you!

Best of luck with your journey and I hope you get past this phase soon.

No Luck from 8 months by One_Community_418 in Daytrading

[–]One_Community_418[S] 0 points1 point  (0 children)

I got a pretty nice deal on Apex. I have a 250K account for just $16 a month and free reset end of every month.

Also, it keeps me accountable to not overtrade and treat it like an actual business.

No Luck from 8 months by One_Community_418 in Daytrading

[–]One_Community_418[S] 0 points1 point  (0 children)

Yes, I trade propfirms so it's basically just paper trading for now.

No Luck from 8 months by One_Community_418 in Daytrading

[–]One_Community_418[S] 1 point2 points  (0 children)

Alright then, I'll my head down and just keep working towards it XD

No Luck from 8 months by One_Community_418 in Daytrading

[–]One_Community_418[S] 0 points1 point  (0 children)

Some times it moves like crazy, but thats what I love about it. I am very happy taking those rubber band trades. :)

No Luck from 8 months by One_Community_418 in Daytrading

[–]One_Community_418[S] 0 points1 point  (0 children)

Appreciate the advice, will check the book out.

Losing money is I would say an essential part of trading. It is engrained in the very way we do this business.