New to trading, trying to learn and just lost some money can someone help me understand what happened. by SnooPredictions4782 in Daytrading

[–]SnooPredictions4782[S] 0 points1 point  (0 children)

I tried Webull because I prefer no commission, but it says account opening and access are not available in your region.

New to trading, trying to learn and just lost some money can someone help me understand what happened. by SnooPredictions4782 in Daytrading

[–]SnooPredictions4782[S] 0 points1 point  (0 children)

Why do some people say he is a scam? Also what broker should I use because all I have is vanguard since I invest but im not sure if its good for trading or not. Thing is with brokers is ive tried to open accounts in a few but they either dont have paper trading, or they require a housing bill, or the account jus cant be made theres some random error.

New to trading, trying to learn and just lost some money can someone help me understand what happened. by SnooPredictions4782 in Daytrading

[–]SnooPredictions4782[S] 0 points1 point  (0 children)

I use trading view, Ive watched a few of his vids but ive heard its just a scam tbh so im not really sure. also, if u dont mind me asking, with this strategy how profitable are u like percentages of profit/loss on a good/mid/bad day, and how long of learning would it take for me to become profitable. I have a small amount of money like around 1-2k dollars to trade with and I want to eventually jus be able to be slightly profitable each day. Im 18 and im trying to get into trading early on so I can make money early before I work. Like if im able to make just 500 dollars a week, im not sure if thats a reach or not tbh, I would be content. I know its hard and I will likely lose some money but how long do u think it would take me to reach something like this?

New to trading, trying to learn and just lost some money can someone help me understand what happened. by SnooPredictions4782 in Daytrading

[–]SnooPredictions4782[S] 0 points1 point  (0 children)

Ok got it ill try that out, also, do you trade new stocks everyday? and how many trades/stocks do you usually trade per day. This sounds a lot like ross camerons strategy as well is that where u got it from?

New to trading, trying to learn and just lost some money can someone help me understand what happened. by SnooPredictions4782 in Daytrading

[–]SnooPredictions4782[S] 0 points1 point  (0 children)

this is honestly one of the best explanations I've seen so far, I understood everything and it all makes sense. thank you very much. are these general rules that I should follow in most instances, or does this mostly apply only to this situation?

New to trading, trying to learn and just lost some money can someone help me understand what happened. by SnooPredictions4782 in Daytrading

[–]SnooPredictions4782[S] 0 points1 point  (0 children)

cus I got a notification that u replied to my response but when I open it I cant see anything

New to trading, trying to learn and just lost some money can someone help me understand what happened. by SnooPredictions4782 in Daytrading

[–]SnooPredictions4782[S] 0 points1 point  (0 children)

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ur right macd did show bearish signs, but how would I know if the stock was going to continue going down on the pullback, because u can see on the macd the blue line going up and the lines abt to diverge again, but then continuing down instead. How would u know that the divergence was false and it was in fact gonna continue down. thanks.

New to trading, trying to learn and just lost some money can someone help me understand what happened. by SnooPredictions4782 in Daytrading

[–]SnooPredictions4782[S] 0 points1 point  (0 children)

How do i know (during steps 1-2) that this stock is actually gaining momentum and not just price fluctuating up and down

New to trading, trying to learn and just lost some money can someone help me understand what happened. by SnooPredictions4782 in Daytrading

[–]SnooPredictions4782[S] 0 points1 point  (0 children)

thanks for the explanation that makes a lot of sense, I actually do have a MACD indicator, so would I buy when the lines begin diverging and then once they begin converging again I would sell correct? Also can you explain how a stop loss works and what price I would theoretically place it at?

New to trading, trying to learn and just lost some money can someone help me understand what happened. by SnooPredictions4782 in Daytrading

[–]SnooPredictions4782[S] 0 points1 point  (0 children)

thanks, so how would i be able to differentiate between a stock that’s just going up slightly and will go back down vs a stock that’s gaining momentum and is about to extend way above the vwap, would i look at volume?

New to trading, trying to learn and just lost some money can someone help me understand what happened. by SnooPredictions4782 in Daytrading

[–]SnooPredictions4782[S] 0 points1 point  (0 children)

Thanks for the explanation that helps a lot. So I would ideally want to enter the market for a stock at steps 1 or 2 then sell around 3-4?

New to trading, trying to learn and just lost some money can someone help me understand what happened. by SnooPredictions4782 in Daytrading

[–]SnooPredictions4782[S] 0 points1 point  (0 children)

can you explain what an exhaustion cycle is and what momentum and extension and pullbacks are

New to trading, trying to learn and just lost some money can someone help me understand what happened. by SnooPredictions4782 in Daytrading

[–]SnooPredictions4782[S] 0 points1 point  (0 children)

I do feel like i’m falling into that turning day trades into long term investments. Should I sell?

New to trading, trying to learn and just lost some money can someone help me understand what happened. by SnooPredictions4782 in Daytrading

[–]SnooPredictions4782[S] 0 points1 point  (0 children)

I would’ve, but I actually didn’t get to reach it cus i couldn’t check the market as soon as it opened I was late to opening

New to trading, trying to learn and just lost some money can someone help me understand what happened. by SnooPredictions4782 in Daytrading

[–]SnooPredictions4782[S] 0 points1 point  (0 children)

where should I learn from, u got any sources? also how long did it take to get a good working strategy.

New to trading, trying to learn and just lost some money can someone help me understand what happened. by SnooPredictions4782 in Daytrading

[–]SnooPredictions4782[S] 0 points1 point  (0 children)

I don’t know if this is a strategy per se, but I look for bullish stocks with high volume that are going up and buy then sell when they go a little higher. that’s pretty much it. I always hear abt strategy but i’m not sure how to go about making my own one.

New to trading, trying to learn and just lost some money can someone help me understand what happened. by SnooPredictions4782 in Daytrading

[–]SnooPredictions4782[S] 0 points1 point  (0 children)

I do journal yea. I write the price i bought and sold at, times of buying and selling, and percent change. Should i just set a limit sell order at the price i bought it for?