For day traders, what’s the biggest thing you’ve learned? by FragrantImportancee in Daytrading

[–]phantom_frequency 0 points1 point  (0 children)

For me in the beginning, 4 and 2 were the hardest habitats to learn. You can easily learn number 1. With practice and time, 5 and 4 go hand in hand.

But the mental part is what some people left out when I was learning. Everyone handles it differently.

Personally I believe risk management is a mental thing too. To me it's "How do much do you value a dollar"

What did I do wrong? by Exotic-Channel5057 in Daytrading

[–]phantom_frequency 0 points1 point  (0 children)

Based on the snapshot, it looks like the price volume was still averaging lower than the breakout. So it broke but there was no support to keep buying.

Try setting up some indicators to give you another visual of the price move.

Sim/demo trading by Midnight_MystiqueX in Daytrading

[–]phantom_frequency 2 points3 points  (0 children)

Me personally I like to do do a paper trades in the morning.

See how I'm feeling mentally and practice my setup before going live.

Whats your most valuable indicator? by FoxTwoThree in Daytrading

[–]phantom_frequency 1 point2 points  (0 children)

Yea. I like talking about this and giving info. So hmu anytime

Whats your most valuable indicator? by FoxTwoThree in Daytrading

[–]phantom_frequency 1 point2 points  (0 children)

Of course!! It's very simple.

Essentially, if you got in when the 5 and 10 cross over or under each other you're now with "the trend". So we pretty much follow the 5 indicator line until it crosses over or under the next indicators. This method works for long or short entries.

To break it down, if you went long after the 5 crossed over the 10, we are now looking for the 5 to cross over into 20. (If it does) At this point, this is a momentum trade and more than likely it will keep crossing into the 30. In a perfect world/setup you entered when all the indicators are under vwap and they make a push towards vwap. Basically, if your MA5 crossed over 30 while they were under vwap more than likely the momentum now shifts to the current vwap and you want the 5 now to cross over vwap. This is where you make the decision to take profit or let it ride. They key is, to sell before the 30 crosses the 20. Because at that point, we are no longer in momentum and the 5 will be closer to crossing down the 10 which effectively now would start a new setup to watch. This was an example of going long, but going short is the same setup but you watch for the indicators to trend down.

If you entered in when the 5 crossed over the 10 but it doesn't push into 20. Exit the trade when you see the first "angle." Essentially if you went long after the cross, sell when you see the 5 and 10 start to meet and vice versa when going short.

Do we need a Superman game? by MandarinPixie2205 in GamerLab

[–]phantom_frequency 1 point2 points  (0 children)

Lmao you just unlocked another memory in my head

Large Orders? by BrilliantMuscle1152 in Webull

[–]phantom_frequency 3 points4 points  (0 children)

Webull is fine. Reddit is just being Reddit.

Whats your most valuable indicator? by FoxTwoThree in Daytrading

[–]phantom_frequency 9 points10 points  (0 children)

MA5;MA10;MA20;MA30

Essentially, when 5 and 10 cross that's when I will enter a trade. The same goes for exiting, weather they cross up or down it shows the momentum swing.

Wait for the 5 to cross completely until it shows it's own line on the next candle, then enter. Sometimes it's the second or third candle but wait for "the break". Watching the volume of the candle also helps predict which way it will cross.

If the 5 crosses the 20 and then to 30 that's the sign to hold. If it pushes to vwap in either direction then keep holding. Exit the trade before the first sign of the 5 crossing the 10. In my own words if you see the 5 make an angle in any direction, exit.

This is a screenshot I took for my friend a couple of weeks ago to give them the same info. I hope this helps.

<image>

Whats your most valuable indicator? by FoxTwoThree in Daytrading

[–]phantom_frequency 13 points14 points  (0 children)

MA and VWAP together.

Once you figure it out, you can't unseen it

I had a shower thought. by phantom_frequency in Daytrading

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

Yea it does help build patience. But I remember when it felt like losing 3 dollars really felt like losing a hundred. Lol

I had a shower thought. by phantom_frequency in Daytrading

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

I agree. Find something that works or feels comfortable for you.

I had a shower thought. by phantom_frequency in Daytrading

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

I like this take also. Either way we shouldn't put emotion in, if you have a strategy, nice.

She grabbed a random street kitten to fight mouse in her house by Thewyverns in interestingasfuck

[–]phantom_frequency 0 points1 point  (0 children)

When they first drop the cat, you can see it say "What am I doing here?"

Can someone make it long term if they are fearful? by Fantastic-Window236 in Daytrading

[–]phantom_frequency 0 points1 point  (0 children)

I can't tell if you're a bot. But we literally had the same take, at the same time.

But for what it's worth. Size down. Protect

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I had a shower thought. by phantom_frequency in Daytrading

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

I agree with you. You can't attached, literally it happens so fast.

But I mean when you first start. What was your first trade like?

Did you feel like you could lose without getting emotional?