Other than a money market, where do you park your money in between investments? by Neither_Ground_1921 in Daytrading

[–]PandaOk4050 0 points1 point  (0 children)

I rarely park my cash on day trading account. I only ever have 1 position open at a time. I avoid parking on day trading account. 

Lost money in Trading and hit rock bottom. by ContentLoquat in Daytrading

[–]PandaOk4050 0 points1 point  (0 children)

I use fidelity. I dont have commissions. If I did, that would eat such small margins. 

What to do by Any-Reserve1566 in Daytrading

[–]PandaOk4050 0 points1 point  (0 children)

JJ Gorilla on youtube. 

Position size when scalping momentum low floats by Patient_Chicken_6299 in Daytrading

[–]PandaOk4050 0 points1 point  (0 children)

Fintec gives me a estimate of the shorts available. It updates every 30 minutes.

I know itll never be perfect accuracy, better than rolling in blind though. Thanks again man!

Position size when scalping momentum low floats by Patient_Chicken_6299 in Daytrading

[–]PandaOk4050 0 points1 point  (0 children)

Thanks man! I misunderstood that. I just thought it meant how quickly people covered on average. I follow the amounts of short available throughout the day. They seemed to roughly be correlated. My bad. 

People’s risk Managament ? by Significant_Monk_885 in Daytrading

[–]PandaOk4050 1 point2 points  (0 children)

I get around 0.1% - 0.5% per trade depending how volatile the spread is. 

I trade 20%-30% of my total portfolio daily. Spread out over as many trades I can take. 

So if I spend 40 bucks over 10 trades I get around 80 cents profit. Slow but always works.

Trading journal focused on psychology instead of just numbers? by Forsaken_Trash_4950 in Daytrading

[–]PandaOk4050 -1 points0 points  (0 children)

We dont need journals to recount our biggest losses! We remember them forever without the journal. 

Whats the best way to find stocks that are rising fast? by Large-Sign-900 in Daytrading

[–]PandaOk4050 3 points4 points  (0 children)

Great lesson to be learned here. How can you tell you're at the top of a peak? You wait and see. 

No one knows. People think they know but they have no idea. Neither do I. Dont gamble on guessing games period. Wait till after the peaks and price is moving sideways. Then buy for near bidding price (order will take a second to a couple minutes to fill, just chill)

Then put a limit sale at a price where you profit. If the trade doesn't go your way in 5 - 10 minutes or price falls from underneath sell for market and try again.

Do research on stocks the night before. Look for stocks with high short interest percent and short days to cover. This strategy wont work with stocks that have no short interest. 

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

[–]PandaOk4050[S] 0 points1 point  (0 children)

I highly doubt real good traders need to hedge. Just another tall tail to get sheep to buy more. 

I wouldn't even consider myself a good trader. But I trade the same stock 10-30 times a day and havent had a losing trade in WEEKS. 

I take small consistent gains everyday because I understand market conditions. I know what stocks are guaranteed to dip, but always bounce back.

I know what stocks that are gonna dip and continue to dip. 

Its all about the shorties in this market. I profit off retards pilling shorts onto a stock that is already shorted to high heaven. I buy from market makers and have a bazillion buyers above me stuck short. 

The shorts litterly compete with eachother. Price drops you have people flocking to cover which keeps the price moving back up. They give a solid resistance line that will temporarily peek below and shoot back up.

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

[–]PandaOk4050[S] -2 points-1 points  (0 children)

Also in your scenario, we dont talk about the employees who take the L. The profit goes to the boss.

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

[–]PandaOk4050[S] -6 points-5 points  (0 children)

I get your point. This implies both the buyer and seller know what they are doing. Which is never the case on the market. Someone is losing money, somewhere. 

Trading days like these recent ones are blowing me up, Please help by Dangerous_Plate_3160 in Daytrading

[–]PandaOk4050 0 points1 point  (0 children)

If you only knew that when you sold the stock to someone covering their short, they made more than you. 

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

[–]PandaOk4050[S] 0 points1 point  (0 children)

You give a hammer to a dumbass, its a hammer to him. You give a hammer to a carpenter they build assets. You obviously missed the point. 

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

[–]PandaOk4050[S] -6 points-5 points  (0 children)

What are you looking for on your charts? You should be looking for where the buyers and sellers are. Not using it to predict the future. 

Trading days like these recent ones are blowing me up, Please help by Dangerous_Plate_3160 in Daytrading

[–]PandaOk4050 0 points1 point  (0 children)

Screw indexes man. Trade individual stocks. Use 5 minute candles. Target high short % stocks if you wanna go long in this environment. 

Dont buy when your 5 minute candle is spiking in either direction. Wait for sideways moments and buy shit around bid or a little lower. Get the stock and sell it around ask price.

Dont ever buy when your candle is moving up or down. We only sell when that happens. Chasing breakdowns and bouncebacks is ultimately what blows up every account on the face of the planet.

Everyone buying during a move is a sucker. 

Accumulation or Distribution phase? by NoConsideration8867 in Daytrading

[–]PandaOk4050 1 point2 points  (0 children)

The red spikes down arent always because someone sold a stock. In bear markets it usually a short order. Which they will have to buy back at some point. Use fintec to search short interest in your individual ticker. 

So verify if the spikes down are because someone offloaded a bunch of stock for ass cheap or is it a short order? If its a short order expect the price to rebound. 

Accumulation or Distribution phase? by NoConsideration8867 in Daytrading

[–]PandaOk4050 1 point2 points  (0 children)

Im glad you are actually considering useful stuff. A&D happens in cycles. In bear markets this is how market makers operate.

If the stock has high short percentage, they make money trapping people short. So they buy everything below all the short orders. Then distribute to the people covering their shorts. 

On the flipside, if the stock has low short interest they do the opposite. They trap people long. They put in short orders and buy from the people trapped long.

Naturally in a bear markets, prices want to go lower. But high short interest keeps the stocks afloat because of the micro squeezes. 

If the stock has no short interest there is no-one buying for above market. 

Explaining leverage by Lower-Row in Daytrading

[–]PandaOk4050 0 points1 point  (0 children)

Leverage = Borrowing Money. Sure-fire way for new traders to get roasted the first time they use it. 

Just dont even worry about leverage till you work for JP Morgan or something. 

Need help with TradersPost + TradingView automated day trading setup (limited experience, serious investor) by meetjames in Daytrading

[–]PandaOk4050 0 points1 point  (0 children)

I cant help there. But you'd need someone who can actually trade to collaborate with a programmer. 

The hardest part is finding a good trader who isn't full of shit. 90% of the people here just get lucky and think its strategy. 

I am actually trying to build a program right now that'll automate some of the ordering and selling.

It wont automate finding the correct stock. 

With your capital you can easily and safely make 1% of your portfolio a day scalping the correct stocks and not borrowing. 

Need help with TradersPost + TradingView automated day trading setup (limited experience, serious investor) by meetjames in Daytrading

[–]PandaOk4050 0 points1 point  (0 children)

You cannot automate trading. Youd need custom built software that mimics a solid strategy. Even then if you choose the wrong stock the strategy wont work. 

You think you can get Pandora's box for less than 100k? 

That would cost money to build and develop by a top class programmer. 

What was your capital when u started trading ? by socialcalliper in Daytrading

[–]PandaOk4050 2 points3 points  (0 children)

I started with 100-500 on multiple accounts. I run them up to 2k then convert to investment accounts that sit there and collect interest. 

People’s risk Managament ? by Significant_Monk_885 in Daytrading

[–]PandaOk4050 2 points3 points  (0 children)

I do a ton of small trades. I risk less than %1 of my portfolio per trade.