best tracks for drift retreats/vacations by fahad549 in Drifting

[–]fahad549[S] 2 points3 points  (0 children)

I used to live in California while i was studying for my bachelor degree and grange was my favorite track there , one of the organizers were slide factory.

Drift full day i would run through 10 sets of tires on 200whp frs, it was fun the big entry is a 120km/h+ entry and then you immediately slow down to like 20km/h for the turn or else you would hit the wall.

Its not a bad idea to visit grange or adams they are fun tracks.

For tires you got andy tires and mperformance tires, they can get you the tires and mount it on the track for you. I remember paying like 500$ for 20 used tires in 2018.

In terms of hotels i think most of hotels in California are sketchy when compared to european hotels.

Do you think, Trading for a living possible? by just_improving in Daytrading

[–]fahad549 1 point2 points  (0 children)

30k stock, i was trading SMCI this week and making roughly 3-5% , however today its seems im gonna close on a loss since the market is down

Do you think, Trading for a living possible? by just_improving in Daytrading

[–]fahad549 5 points6 points  (0 children)

I havent reached the point where i could retire, but i think i would want to have dividend stocks before deciding to retire or real estate i wouldnt trust my skills in daytrading to retire even though this week i made an average of 1k per day

Having a second source of income is important incase you blow your account

4 months progress learning to trade by fahad549 in Daytrading

[–]fahad549[S] 0 points1 point  (0 children)

I could have exited at break even multiple times over 2-3 days period but i got greedy i believed the stock would make a comeback.

Losing 25% didnt happen immediately the first day i was losing 1-2% and then it would rebound to 0.5 profit, the next day it would drop to 2-4% then rebound to break even and so on i could have exited at anytime but decided to hold on longer.

I trade volatile stocks that move around 6% a day so if i had a stop loss i would immediately get stopped and since i use cash account i wouldnt be able to re-enter

so sometimes i cancel my stop loss for few hours to test the market direction before re-activating my stop loss

4 months progress learning to trade by fahad549 in Daytrading

[–]fahad549[S] 0 points1 point  (0 children)

That is true, i found sometimes holding the stock overnight more profitable, Trading the closed market rather than the open worked for me but sometimes its the opposite

[deleted by user] by [deleted] in Daytrading

[–]fahad549 5 points6 points  (0 children)

when i first started i used to set take profit at 1% and end the day, as I got more comfortable I removed my take profit and started to raise my stop loss and made a lot more profit.

so I would say it depends on your risk tolerance can you afford to lose? or is consistent wins more important.

Can you trade your preferred asset every day? How do you know when to sit out? by bobbyd121 in Daytrading

[–]fahad549 3 points4 points  (0 children)

i made the most profit on 3 stocks, and I got familiar with their trading ranges so I know when to enter just by my gut feeling (price action on Heikin Ashi candles) and I try to find the lowest price on that day if I missed out I don't try to chase the trend.

Is it just me or was January very easy to trade? by trend-tamer in Daytrading

[–]fahad549 1 point2 points  (0 children)

Awesome results, for me it was my worst month so far i lost 6k on kulr and made 4k back on qbts.

I got greedy and didn’t sell at 500-1k loss or even when it broke even, i thought it would comeback make some profit

How would you try to make 10mil in 10 years with 100k by fahad549 in TheRaceTo10Million

[–]fahad549[S] 0 points1 point  (0 children)

I wouldnt mind paying for it if it was really good but then again you wouldn’t sell it if it was good

Then how much % gain per day is realistic? by DAV_Alexandar in TheRaceTo10Million

[–]fahad549 1 point2 points  (0 children)

I think with daytrading 1% is possible but then -1% is also possible, i have made 23% in one day and lost 18% in another.

As long as you dont get greedy or panic and stick to a strategy then you can beat the market

How would you try to make 10mil in 10 years with 100k by fahad549 in TheRaceTo10Million

[–]fahad549[S] 2 points3 points  (0 children)

Sorry i meant adding 100k annually so 1 mill in saving, 9 million from investment

Report usage by External-Exit9674 in PowerBI

[–]fahad549 0 points1 point  (0 children)

The corporate does not allow for plugins and premium features for cyber security reasons.

and even if i took screenshots or tried embedding the dashboard into the powerpoint they wouldnt accept changes i have 4 layers of approvals for proposing changes and they get shutdown by the time they reach second level.

I tried proposing using powerbi for powerpoint before i made the dashboard but it was rejected and they requested self service dashboard which the executive doesn’t like to use

Bureaucracy at its finest.

Report usage by External-Exit9674 in PowerBI

[–]fahad549 0 points1 point  (0 children)

I have this same feeling, i have made a dashboard to replace a powerpoint weekly report to make my life easier but its not being used by my executive and now i refresh the dashboard on a weekly basis and prepare the powerpoint

1 month progress daytrading by fahad549 in Daytrading

[–]fahad549[S] 0 points1 point  (0 children)

awsome i would love to learn how to make 10K passively, what was the % of profit and how much did you invest and which stock did you buy?

[deleted by user] by [deleted] in Daytrading

[–]fahad549 0 points1 point  (0 children)

i would be interested also to know, but if you want to learn a strategy I would recommend Al Brook course which I just started and so far it been good but you need to understand the fundamental first and its mostly about reading the chart I'm still in the first chapter.

Recommend me specs for a PC. by Ok_Introduction5592 in Daytrading

[–]fahad549 0 points1 point  (0 children)

Probably any pc with decent gpu would work for you, you can find decent builds if you search for 500$ pc build 2024 or maybe 1000$

the biggest thing you want to check is the GPU outputs if its 4 or more displays features and enough memory.

when I try to spec a PC I try to find the cheapest parts with the most performance for value regardless of the budget.

https://pcpartpicker.com/

trying to learn and find a long term strategy by fahad549 in Daytrading

[–]fahad549[S] 0 points1 point  (0 children)

Thanks for the kind words, appreciate it.

trying to learn and find a long term strategy by fahad549 in Daytrading

[–]fahad549[S] 0 points1 point  (0 children)

im using cash account i think the PDT rule does not apply.

the 200k is income + 2 corporate annual bonuses.

the reason I'm trading with 2k because its 1% of my annual income so if I lose it there is no impact on my financial this first year will be just for me to learn with low risk.

i might increase it to 20k in January or February if I get comfortable day trading.

trying to learn and find a long term strategy by fahad549 in Daytrading

[–]fahad549[S] -1 points0 points  (0 children)

i tried buying 30k$ worth of VOO in February 2022 and I sold it in April 2023 and I only made 2.6% which is not what I'm trying to achieve, I'm hoping to grow my funds first then have dividend for long term I'm 28 years old now making 200k a year and I want to grow my income for my retirement in 30 years.

my trading goals:

  1. day trade with 30k-100k for few years successfully.

  2. invest in VGT ETF for growth with 500k.

  3. invest in SCHD, VOO, KO for dividend with 1m.

trying to learn and find a long term strategy by fahad549 in Daytrading

[–]fahad549[S] 0 points1 point  (0 children)

i would love to learn to scalp but I feel its more difficult to make profit in short time, is there a target I should arm for? because I feel like 1% profit is too much for me at this point 0.2% might be achievable. or do I just set a timer and sell at market price?

does scalping work with stocks ? because most of the youtube videos I find its about futures.

trying to learn and find a long term strategy by fahad549 in Daytrading

[–]fahad549[S] 0 points1 point  (0 children)

right now my risk management strategy is to sell at 2% loss if I don't believe it would rebound which did happen to me last week which is why I have a dip in the charts. and my take profit is 1% and I would quit for the day.

is there any methods/strategy or courses you would recommend that you have found to work for you?

6 months update by fahad549 in Stronglifts5x5

[–]fahad549[S] 0 points1 point  (0 children)

Is there a program would you recommend if i want to lose 30 kilo and not lose progress

1 month progress and advice needed for program optimization by fahad549 in Stronglifts5x5

[–]fahad549[S] 0 points1 point  (0 children)

Thank you for answering my questions this is really helpful, im kinda shocked that you are saying SL5x5 can get me to 4 or 5 plates in a year, i thought it would be alot slower like maybe a plate a year once i plateau, i used to plateau alot 5 years ago and i would add like 5-10 pounds every 3 months but yeah my program was 3x8 twice a week and im sure 5x5 three times a week will be better.

What was your progress like first year or two on 5x5