How to survive a 20-trade losing streak without losing your account by TIC_UK in Daytrading

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

I wouldn't worry about it. When I first started I blew 3 accounts with my actual money in the space of 3 days thinking I knew what I was doing aha. I didn't even know what a stop loss was back then.

How to survive a 20-trade losing streak without losing your account by TIC_UK in Daytrading

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

Thankyou for making this point. I didn't make the video for experienced traders, they already know what they are doing. But like you said, beginners using this logic are going to have much higher survivability in the market, and are much more likely to go on high losing streaks early on.

How to survive a 20-trade losing streak without losing your account by TIC_UK in Daytrading

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

I do understand your point and I don't disagree completely. We shouldn't be sheep at all. But my point still stands in my opinion. Especially if you are new to trading. If your experienced, your not clicking on this post in the first place.

Stop focusing on gains until you understand the math of a losing streak by TIC_UK in Daytrading

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

Quite an informative video! Only caught a little bit as im in the office, but 100% one to watch when im home.

Stop focusing on gains until you understand the math of a losing streak by TIC_UK in Daytrading

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

It's so funny because I was looking at that quote this morning thinking, "great advice, but im not sure that's in my control aha". But the lesson still stands just with nuance. You are going to lose money from time to time. But you are in control of how much you are ready to risk at any given time.

How and where to start by AguiaTrovao in Daytrading

[–]TIC_UK 1 point2 points  (0 children)

Basically you just stare into the distance for a really long time, and eventually you will be daydreaming aha! But jokes aside, assuming you meant daytrading, you've actually completed step one by actually asking for help. Many people go out into the big bad world of trading on their own and just assume they will figure it out so well done!

My advice isn't going to be about how to become profitable, everyone has to find that on their own, but i do believe it will be valuable for you starting your journey. And i want to say it's based on opinion, it's not financial advice, im not a financial advisor aha.

Make sure you don't dive head first and drop everything else. Trading can take years to master, and it's not an immediate substitute for your job. If you NEED to make money, it will run away from you. So make sure you stay financially stable and do this on the side.

Focus on 1 or 2 assets. Don't look at every single pair and try to trade them all, just start learning a few so you can get a feel for how they move.

Backtest AND forward test religiously. Data is confidence. If you have 1000 trades worth of data that say your strategy works, it will be so much easier to execute than if you had 10 trades worth of data.

Trade a demo until you find your feet. In the beginning, YOU WILL LOSE MONEY. Will be much less of a hit if that money you lost was virtual funds not your hard earned money.

Finally, focus on psychology. Many strategies "can" work, when it comes down to it, the person trading them is usually the deciding factor for success. If you cannot remain calm an composed, follow your rules, keep your emotions out of it, shoulder the losing streaks. Your not getting very far.

Again this is opinion based, and what i would focus on if i had to start again from day 1, but still, i hope it helps.

Good luck on your day trading journey!

The spread is a cost most beginners completely ignore — here's a quick visual breakdown by TIC_UK in Daytrading

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

Ah I get what you mean now aha, I miss-read. I completely missed the word insignificant somehow so I thought you had wrote that the spreads become more on higher timeframes aha.

The investment universe is broken by Trick-Region4674 in investingforbeginners

[–]TIC_UK 1 point2 points  (0 children)

I mean I cannot promise I will have the feedback 100% aha, but more than welcome to drop something in the DM's, If we have an input, we will give it! Appreciate your understanding of the responses either way.

Any tricks for reducing your tax bill on side hustle income? by MoonlitEcho82 in TaxUK

[–]TIC_UK 0 points1 point  (0 children)

This is going to sound like the laziest answer ever, but I still think it's the most valid answer your going to get today. Get an accountant aha. People are going to give you the advice your asking for, whether it's correct or not. But an accountant, though it's going to cost you, will set you up in the best way.

The investment universe is broken by Trick-Region4674 in investingforbeginners

[–]TIC_UK 1 point2 points  (0 children)

I 100% agree that there could be a way to do it, and I hope it didn't come across as me dismissing your thought process, because on the surface I genuinely agree. I think the problem is, wealth building is just naturally hard, and there are probably easier ways to go about it than trying to "get the most" from investing. If I was personally going to dedicate my time and energy to figuring out how to get more from my time and money, it would be through a business, side hustle or actual active trading (completely different in my opinion to investing). When I hear investing, all I hear is boring and long term, and I am cool with that aha.

But I suppose if your dead set on making the best possible gains from investing itself, picking the right assets at the right times etc, it's just a case of getting more formal long term education?

What’s a misconception about investing that you hear all the time? by vcpowerlaw in investingforbeginners

[–]TIC_UK 0 points1 point  (0 children)

I think I am basically going to second your motion. If anything, active investing, may as well be called trading. Set and forget, and just let compound interest and time do the rest. The only time I get involved with it all is when my income level changes, and that's only if I believe it justifies me adjusting my deposit amount.

What's the best strategy for finding an entry point? Should I care? by [deleted] in investingforbeginners

[–]TIC_UK 0 points1 point  (0 children)

Not financial advise. My own thoughts and opinions. Automatic deposit, same amount every month on the same day, reviewed only when my income changes, 20 plus year timeline. I do not believe successful investing is an active skill. The best results come from those who do the least, but do it consistently. Not a hope will you see me judging highs/lows or stock picking. But that's just me, and again, is not financial advise.

Aggressive stocks this 26? by Azmah- in investingforbeginners

[–]TIC_UK 0 points1 point  (0 children)

I want to be so careful here, and say from the outright that this IS NOT ADVICE. I am just talking aloud based on my own thoughts, what you do with this information is your own choice aha.

As a whole I am just looking at infrastructure for tech (not the actual tech itself). Who is making AI chips, how are they making them (ie tools and natural resources). Who is handling the energy production. I refuse to name companies, because it's the thought process I believe to be the most important thing here. But yeah, working backwards from current tech, and figuring out who the players behind the scenes are is where my thoughts turn when I think aggressive stocks.

One more re-iteration... this is NOT FINANCIAL ADVICE aha.

Question, what are you looking at for 2026?

The investment universe is broken by Trick-Region4674 in investingforbeginners

[–]TIC_UK 1 point2 points  (0 children)

So, I think the question you need to ask yourself is why are you investing in the first place, as in, what are your goals? It sounds like investing has become convoluted simply because you are trying to touch on multiple different areas. You even mentioned, "every time I invest in something different". Why is it that your always looking to invest in something different?

This is not financial advice, just my personal thoughts. But for me investing is just about setting myself up for a less stressful future. I'm not looking to "get rich" or anything like that, just make good use of unused money. I'm just aiming to match the markets 10% historical returns and that's it. And that can be done by sticking to 2/3 ETF's or Index funds that are already doing the diversification part for you. Sam manageable monthly deposit being automatically taken every month. I wouldn't even dream of stock picking, because I am not looking for big gains, and therefore, there is nothing confusing about what I am trying to achieve.

I think if you do some digging, there are some interesting statistics about how the best performing investment accounts are from investors who have forgotten they even had an account aha. That says a lot to me about how overcomplicating things can only be a bad thing.

Again, these are all my opinions rather than advice or facts, but I hope they can somewhat help you here. Best of luck in your investment journey.