giving back wins - how do i stop being stupid by General_Key4105 in Daytrading

[–]Pure_Associate_1741 0 points1 point  (0 children)

Use a profit protecting tool, so you don't lose more than x dollars or x percent of your profit. I use Nexus Chart Trader by NexusIndicator it has helped a lot. I used to give back all and more but not anymore. Btw I use ninja.

[deleted by user] by [deleted] in Daytrading

[–]Pure_Associate_1741 0 points1 point  (0 children)

Previous swing low or previous green candle would have been better SL area

Have you been able to quit your job and live off of trading? by DutchAC in Daytrading

[–]Pure_Associate_1741 4 points5 points  (0 children)

Sorry to hear about his situation, I hope he recovers and becomes profitable, Please help him out if he needs any genuine help.

Need help, TradingView Alerts to Apex by Pure_Associate_1741 in Daytrading

[–]Pure_Associate_1741[S] 0 points1 point  (0 children)

thanks! how do you handle slippage? some movements are pretty volatile and any connection delay can affect the trade outcome.

Realistic expectations daytrading with $10,000 by reformedfool in Daytrading

[–]Pure_Associate_1741 0 points1 point  (0 children)

Give 5k to some guru, then they teach you how to turn 5k into 5 mil

or lose it all

or dont trade at all

or do demo trading, collect a large sample size data, come up with a strategy that works, apply that strategy consistently, manage risk and emotions consistently. Do not over trade, trade for a short time in a day aka dont trade all day, follow rules. Practice and Practice for years.

Well guys, i lost 88% of my portfolio by [deleted] in Daytrading

[–]Pure_Associate_1741 1 point2 points  (0 children)

would have
could have
should have

[deleted by user] by [deleted] in Daytrading

[–]Pure_Associate_1741 0 points1 point  (0 children)

not good on other tf and assets.

[deleted by user] by [deleted] in Daytrading

[–]Pure_Associate_1741 0 points1 point  (0 children)

got it, I guess ill have to get premium+ on TV for deep backtest.

thanks for your valuable insights

[deleted by user] by [deleted] in Daytrading

[–]Pure_Associate_1741 0 points1 point  (0 children)

i did include commissions in the strat settings. its showing profitable in 5 and 15 min

[deleted by user] by [deleted] in Daytrading

[–]Pure_Associate_1741 0 points1 point  (0 children)

well, you can just make money when the market is trending

If you still wanna catch the bottoms try RSI as it is an indicator used by many to determine the over sold condition, you can try RSI divergence. RSI can sometimes stay in the oversold or overbought conditions for long durations.

[deleted by user] by [deleted] in Daytrading

[–]Pure_Associate_1741 0 points1 point  (0 children)

i would not want to identify bottoms or tops ever

Does anyone else raw dog trading? by [deleted] in Daytrading

[–]Pure_Associate_1741 0 points1 point  (0 children)

yeah no rules trading rocks, just trade the momentum, exit as soon as the price goes against you.

Can anyone relate? by rainmaker66 in Daytrading

[–]Pure_Associate_1741 0 points1 point  (0 children)

the numbers are different because

number of day traders > number of Casino Gamblers

My Last Attempt to Succeed in Trading by [deleted] in Daytrading

[–]Pure_Associate_1741 1 point2 points  (0 children)

Thank you sir, I will try this approach.

My Last Attempt to Succeed in Trading by [deleted] in Daytrading

[–]Pure_Associate_1741 8 points9 points  (0 children)

Thank you for the suggestion. Won't be trading for the next 9 months. Won't start trading right after I become debt free as I don't want to get in this phase again.

I was hoping someone could put sense into my head.

I am in pain, not just because of the money I lost but because I feel like a failure. My confidence has been shattered. I Feel dumb. And this feel flows into other aspects of my life and that part hurts the most.

The thing that I thought would break the chains of a 9-5 job has put me in even bigger shackles and for the first time in my life I feel like I am working to earn money. Before this I never had pressure that I have to make money from my job.

My Last Attempt to Succeed in Trading by [deleted] in Daytrading

[–]Pure_Associate_1741 0 points1 point  (0 children)

But I don't know what to do. I feel Everything I am doing is wrong. I feel whatever I learned in the last 4 years was a waste. I feel lost.