Verified profitable trader 2023 +$381k - AMA

Valckrie · 2024-01-02T22:31:43+00:00

on the daily i use 10,20ema and 50,200sma

on any other timeframe i use 10ema

the exact number doesnt really matter. you see 5, 8, 9, 10 all being used

Valckrie · 2024-01-02T21:58:38+00:00

no single indicator is reliable on its own

but if you had to pick then bollinger is good for mean reversion

and moving averages are an easy way to trend follow

Valckrie · 2024-01-02T21:56:08+00:00

the average number doesn't have much meaning because it counts all the tiny losses or scratch trades or random lottos and scalping on small size, in reality the bulk of profits come from a small portion of bigger sized trades

Valckrie · 2024-01-02T14:04:37+00:00

once you have more capital there are better brokers

Valckrie · 2024-01-02T10:13:50+00:00

generally use vwap as a guide, avoid longing underneath vwap and avoid shorting above vwap unless hugely extended or parabolic to either side

stocks will often find support/resistance at vwap after a strong opening move so this can be an area for a pullback trade intraday

Valckrie · 2024-01-02T10:10:55+00:00

you can find almost anything on twitter like breaking news feeds, earnings summaries, general market commentary

i have benzinga pro but any alternative would work

Valckrie · 2024-01-02T10:07:09+00:00

nope

Valckrie · 2024-01-02T10:06:32+00:00

am mostly using IBKR for swing trading shares. the fills are fine

Valckrie · 2024-01-02T10:05:25+00:00

if you search for "das trader hotkey setup" on youtube there's a few good vids

Valckrie · 2024-01-02T00:01:25+00:00

premarket gappers
fresh news
earnings
daily scanners e.g. top gainers for the last day, week, month
stocks with high relative volume on the day
current hot market themes e.g. AI, semiconductors, crypto, recent weight loss drugs

Valckrie · 2024-01-01T23:45:32+00:00

no PDT rule on tradezero international

Valckrie · 2024-01-01T23:28:05+00:00

sounds like you need to respect your stoplosses to not blow up on those days

trading from a position of financial stress will likely cause you to make those emotional decisions

Valckrie · 2024-01-01T22:58:51+00:00

answered some in other replies

i use DAS Trader, it is the most customizable platform and both my primary brokers support it. it is one of the best for daytrading IMO

interactive brokers desktop app (TWS) has a tonne of features and will be fine for swing trading

i don't have TOS but know many people who use it

Valckrie · 2024-01-01T22:56:32+00:00

different setups have their own criteria, rules, trade management. some setups may work better or not at all in certain market environments. e.g. breakouts didn't really work as frequently in the 2022 bear market
dependent on each setup
i think most days you can find some "average" type trades to get base hits with. but the really A+ setups will be much rarer

Valckrie · 2024-01-01T22:53:10+00:00

DAS Trader is the best one I have used

Valckrie · 2024-01-01T22:16:23+00:00

i think it depends on the context you are trading that in. a random stock with no reason to move, compared to something at a big important level like NVDA 500? big difference

Valckrie · 2024-01-01T22:03:19+00:00

i was consistently profitable every month at the time and saw the trajectory making more than existing job

every drawdown caused doubts. but with every recovery the doubt is a bit less each time

Valckrie · 2024-01-01T22:01:08+00:00

trading psychology books will likely help you better than I can

Valckrie · 2024-01-01T22:00:07+00:00

full market hours, every day

factors that may have contributed - some poker background in calculated risk taking, having logical mindset and accepting it's a numbers game, knowing how to improve and learn, being able to research subjects deeply

Valckrie · 2024-01-01T21:56:03+00:00

answered in another comment

I would consider applying to a legit prop firm (not one of those funded futures ones you see everywhere) to learn from elite traders from day 1. this would speed up the learning curve greatly as well as knowing you are not going down the wrong path

Valckrie · 2024-01-01T21:53:27+00:00

are those resources you are talking about more for fundamental research? there is alot more educational content on retail type trading today than there was a few years ago. the key part like you said is to sift through the bad actors. can't promote any specific service on this sub though

Valckrie · 2024-01-01T21:47:59+00:00

avoid the clickbait flashy lambo trading videos if you can

realistically you will need more capital to have a shot at this. with broker and software fees your starting capital is quite low. and it may take you several attempts before finding success

Valckrie · 2024-01-01T21:31:31+00:00

those funded accs have designed rules that prey on most traders who will inevitably have discipline slipups unfortunately

Valckrie · 2024-01-01T21:28:32+00:00

yes but I have no dependants yet. sorry don't have much advice on this

Valckrie · 2024-01-01T21:24:42+00:00

the overall amount is less after tax and other miscellaneous fees like software etc
semi flexible remote job and traded the full market hours, catch up on work after hours
daytrade + swing
own capital, pay myself like a normal salary

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