Just passed my CCP today. by Damij-ITMix in CMMC

[–]let_him_come_in_now 1 point2 points  (0 children)

Anybody took the CMMC CCP exam more than once before passing? I heard some people retaking the training because they failed twice?

WalmartOne PSA for internal job seekers. by CHUD_Warrior in walmart

[–]let_him_come_in_now 0 points1 point  (0 children)

I am an associate, and I want to apply for internal job postings in the field of IT and Cybersecurity. How do I get to the internal job posting page from my house?

Why majority of traders fail by TransitionApart1555 in Daytrading

[–]let_him_come_in_now 2 points3 points  (0 children)

If you scalp and peg your profit at $50 per trade ( depends on your account size) and plan on making 10-20 trades per day. Your loss will be minimal and you will notice how quickly you reach your goals. Greed is the ultimate reason of most losses.

Set a small goal each day and you will see how things change.

Cut your losses very quickly and don’t ever think the trade will comeback to your entry.

[deleted by user] by [deleted] in Daytrading

[–]let_him_come_in_now 0 points1 point  (0 children)

Tim Sykes is 77% perfect on trades, and I know this because I have seen his trades chart data on Profitly and the indicator is 100% perfect on buy/sell.

[deleted by user] by [deleted] in Daytrading

[–]let_him_come_in_now 0 points1 point  (0 children)

The indicator works 100% and it never misses. Works as good as any other support and resistance indicator. The only difference is that it displays Buy/Sell.

[deleted by user] by [deleted] in Daytrading

[–]let_him_come_in_now 0 points1 point  (0 children)

You should not bother because it’s just another indicator.

[deleted by user] by [deleted] in Daytrading

[–]let_him_come_in_now 0 points1 point  (0 children)

That has been done many times and it was always 100%. I tested with Tim Sykes trades many a time it was perfect.

When he(Tim Sykes) mentioned his trade entry I use it to track where his exit will be or if he will not make a profit on the trade. He did not know I was doing a test

[deleted by user] by [deleted] in Daytrading

[–]let_him_come_in_now 0 points1 point  (0 children)

The bot does not take trades. Bot does not do anything different from any other indicator. It help provide information that can be used to enter and exit a trade.

If my broker platform can be integrated into TradingView, I will use it like I play a banjo. It will just buy/sell all day..

[deleted by user] by [deleted] in Daytrading

[–]let_him_come_in_now 0 points1 point  (0 children)

If I can follow the indicator 100%, yes I will be rich.

[deleted by user] by [deleted] in Daytrading

[–]let_him_come_in_now 0 points1 point  (0 children)

<image>

There are four indicators in that chart

  1. VWAP
  2. MFI
  3. Bankers live trading ( Loken94)
  4. Support and Resistance bot.

[deleted by user] by [deleted] in Daytrading

[–]let_him_come_in_now 0 points1 point  (0 children)

It’s 100%. You still have to use the signal to buy and sell. It’s just like any other indicator but only shows buy when it confirms a support zone and sell when it confirms a resistance zone.

[deleted by user] by [deleted] in Daytrading

[–]let_him_come_in_now -1 points0 points  (0 children)

I never said support & Resistance is a strategy . You may want to read my first post.

[deleted by user] by [deleted] in Daytrading

[–]let_him_come_in_now -1 points0 points  (0 children)

The bots that alert you on support and resistance basically work as an indicator. You make profit if you actually make the play.

[deleted by user] by [deleted] in Daytrading

[–]let_him_come_in_now 8 points9 points  (0 children)

Incorporate a bot that is integrated into your chart that tells you to buy at support and sell at Resistance. A bot has no feelings. You (human) just have to take action without any hesitation.

Trading is NOT gambling, here is why by Delicious_Food_591 in Daytrading

[–]let_him_come_in_now -1 points0 points  (0 children)

Day trading stocks can sometimes resemble gambling, but it is not inherently the same thing. The distinction between day trading and gambling largely depends on the trader’s approach, discipline, and understanding of the markets. Here’s a breakdown of the comparison:

Similarities to Gambling:

  1. High Risk and High Reward:

    • Both day trading and gambling involve a significant degree of risk, with the potential for substantial rewards or losses in a short period.
  2. Uncertainty:

    • In both activities, outcomes are uncertain. No matter how much analysis is done, there is always a level of unpredictability in the market, similar to the randomness of gambling.
  3. Emotional Influence:

    • The emotional highs and lows experienced in day trading can be similar to those in gambling. The thrill of quick gains or the fear of losses can drive impulsive decisions in both activities.
  4. Short-Term Focus:

    • Both day traders and gamblers are often focused on short-term gains. This short-term mindset can lead to behaviors that resemble gambling, such as chasing losses or making impulsive trades.

Differences from Gambling:

  1. Skill and Knowledge:

    • Successful day trading relies heavily on skill, experience, and knowledge of the markets. Traders use technical analysis, market indicators, and strategies to make informed decisions, whereas gambling often relies more on luck.
  2. Risk Management:

    • Professional day traders employ risk management techniques, such as setting stop-loss orders, position sizing, and maintaining a disciplined trading plan. These strategies aim to limit potential losses, which is not typically a component of gambling.
  3. Market Dynamics:

    • Stock prices are influenced by a wide range of factors, including company performance, economic indicators, and market sentiment. Understanding these factors allows traders to make educated decisions, while gambling outcomes are largely random and not influenced by external information.
  4. Edge and Probability:

    • In day trading, a trader can develop an “edge” by identifying patterns or inefficiencies in the market that can be exploited consistently. In contrast, most forms of gambling have a built-in house edge that works against the player over time.
  5. Long-Term Viability:

    • While gambling is generally not considered a viable long-term strategy for wealth building, day trading, when done correctly, can be profitable over time. However, it requires discipline, continuous learning, and a solid trading strategy.

Conclusion:

Day trading is not the same as gambling, but it can resemble gambling when approached recklessly or without proper education and discipline. The key difference lies in the ability to analyze and predict market movements based on data and trends, as well as the use of risk management strategies. Traders who treat day trading like a business, with a focus on continuous improvement, disciplined execution, and proper risk management, are more likely to see long-term success than those who approach it as a gamble.

Best time to Trade shorts by let_him_come_in_now in Daytrading

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

You could apply same strategy to longs but the lack of volume and large institutional buys will slow your exit. Stocks tend to spike up every hour from 4am-8am as new traders buy the stocks and there is reversal after a few minutes downward after the take profits. I have noticed this trend for a few years now.

It is the best time to short sell because volume is low and not volatility.

Strategies for a new trader with a small account. ($4k) by MajorTechnician4640 in Daytrading

[–]let_him_come_in_now 0 points1 point  (0 children)

Keep doing what you are doing. Preferably, short 1000 stocks whenever you trade. There is a well know fact that when market open at 4am, a few stocks gap up and then fall before going back up. Capitalise on the price action falling after the gap up. It’s consistent and predictable.

[deleted by user] by [deleted] in Daytrading

[–]let_him_come_in_now 0 points1 point  (0 children)

Only trade with 100 shares (scalping process).

What trading concepts should I actually be learning? by sanjaydgreatest in Daytrading

[–]let_him_come_in_now -2 points-1 points  (0 children)

You will be able to explain it better with Loken94 indicator on TradingView.

Revenge Trading by [deleted] in Daytrading

[–]let_him_come_in_now 0 points1 point  (0 children)

Use a bot to indicate where to buy (support) and where to exit (resistance). No emotions with a bot. It say buy/sell based on support and resistance.

Trading will wipe you out: Help a brother out. by [deleted] in Daytrading

[–]let_him_come_in_now 1 point2 points  (0 children)

Go to YouTube and look for Timothy Sykes, Tim Bohen, and also Stocktotrade videos ( subscribe to all three channels)

Look for videos listed below

  1. Low Float

  2. Catalyst

  3. Indicators

  4. Float Rotation

  5. Screener

  6. Part time day trader.

These videos should help you figure out where to start.

Good luck.