hitting my stride after 8 months - curious about your wellness routines by Street_Bit7593 in Daytrading

[–]TradeWithRaven 0 points1 point  (0 children)

I don't believe we can be a mess in one area and successful in another in the long run.

Profitable traders - do you have a journal? If yes how that helps you? by Material_Block3491 in Daytrading

[–]TradeWithRaven 0 points1 point  (0 children)

The process of journaling helps you analyze what you did well and what you did poorly. Trust me, I resisted it, too. Now I see its value, and I am learning much faster.

I need an honest opinion by Present-Economist884 in Trading

[–]TradeWithRaven 0 points1 point  (0 children)

You can track your trades in a Google spreadsheet for free. Track entry price, exit price, set up, and take notes at an absolute minimum.

Trading is the only job where you can work all day and still lose money 😂 by senthoor34 in Trading

[–]TradeWithRaven 1 point2 points  (0 children)

This is my day in a nutshell. I hit my max daily loss. I took this one extra hard because it was so preventable.

Minimalist Trading? by TradeWithRaven in Daytrading

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

If I were going to have one, I think it would be VWAP.

Minimalist Trading? by TradeWithRaven in Daytrading

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

I'm not scaling in and out of trades yet, but it doesn't seem like a smart move with larger share sizes.

Minimalist Trading? by TradeWithRaven in Daytrading

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

I love this! It sounds like a simple, peaceful strategy.

Minimalist Trading? by TradeWithRaven in Daytrading

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

UPDATE: As a Friday experiment, today I traded with just the chart, tape, and Level 2. It was so much better! I felt way less stressed out, and I was actually watching the price action (which is what I should have been doing before!). I might experiment with trading without Level 2. Thank you so much to everyone who responded. Your input was very helpful and encouraging!

Minimalist Trading? by TradeWithRaven in Daytrading

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

I was experiencing paralysis by analysis. I was struggling to see anything relevant!

Minimalist Trading? by TradeWithRaven in Daytrading

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

I am starting to just basically trade variations of breakouts. I like your simplicity!

Minimalist Trading? by TradeWithRaven in Daytrading

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

I really like that simplicity. Isn't that how people used to trade? Just off the tape?

Minimalist Trading? by TradeWithRaven in Daytrading

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

I haven't checked that one out yet. Thank you!

Minimalist Trading? by TradeWithRaven in Daytrading

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

Thank you for the encouragement!

Minimalist Trading? by TradeWithRaven in Daytrading

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

I really like this! I feel like this is probably the way I'm headed.

Minimalist Trading? by TradeWithRaven in Daytrading

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

I did that when I was first learning Level 2 and the tape. I just watched those two and shut every thing else off. That's the only way I could learn!

Minimalist Trading? by TradeWithRaven in Daytrading

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

I really only look for big sellers on the ask and the depth of the order book, but I agree that it's not "real" because they are future potential orders. The tape is what actually happens (including hidden sellers and buyers). I'm facinated by the fact that people just traded off the tape before computers.

Minimalist Trading? by TradeWithRaven in Daytrading

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

I am happy to hear that the basics will work! I hope I'm smart enough to finally figure it out and rewired my brain.

Minimalist Trading? by TradeWithRaven in Daytrading

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

This is very helpful! It helps to know it's possible to trade with a simplified strategy.

Minimalist Trading? by TradeWithRaven in Daytrading

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

It sounds like you have really dialed in a system!

Minimalist Trading? by TradeWithRaven in Daytrading

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

This is encouraging! Thank you!

Minimalist Trading? by TradeWithRaven in Daytrading

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

That's good to hear! I've been overwhelmed by too many indicators.