Day Trading Advice

slamdunktiger86 · 2020-02-10T05:09:30+00:00

Holy shit man, do not start daytrading if you have no experience.

Paper trade first.

Learn same basic strategies for stock, options, futures and forex. See what you like based on your time, interests, budget and risk tolerance.

Seriously though, do risk management and bid sizing correctly.

If you trade more than 2% of your bankroll in one trade, you’re gonna have a bad time.

dogsrule2019 · 2020-02-10T04:46:54+00:00

Just like Vegas: only bet what you're comfortable losing...

mgtowpersonaye · 2020-02-10T05:33:45+00:00

highlighted points should be considered first:
> dont bother starting unless you can commit almost your entire time / free time to day trading, if you have obligations consider investing long term instead.
> long term investing is no longer as profitable as it used to be.
> if you dont know how to profit from trading basic stock shares trading DO NOT DO options, until that is mastered first.
> investopedia is your friend, read ALL of it. (Esp trading for beginners )
> pick your playing field, macro or micro, learn both eventually. (stocks, oil, forex, gold ect)
> dont forget to prepare for anticipated data that everyone knows (earnings, guidance releases, dividends, splits ect)
> start using a fake account with real delayed data, its free.
> get ready to have your guesses / bets fail time and time again, its part of learning if your ego cant stand it, quit right now.
> indexs (and ETFs) are very important to know market direction for your correlated stock of choice ($appl <-> SPY, $BA
<-> dow jones)
> you will LOOSE more money before make more money.
> dont neglect short interest, its important, get daily data on short volume from FINRA (Scrape it)
> organize yourself with an external tool (excel, sheets ect) , if you're keeping your strategy and moves in your head you will have a tougher time.
> if you cant control your emotions while trading and panic, get ontop of that or quit. (loads of practice needed for this)
> experiment initially first with tiny bets, your preferred strategy will become more evident with more exposure, trail and error and failing. following a set strategy i would not recommend as it would remove your own creativity out of it, but be aware of them it will help.
> dont neglect to check ASIA.DOW it effects the market here.

good luck and enjoy yourself as you do it, market wait for no-one.

ronoda12 · 2020-02-10T06:39:40+00:00

Don't advise it. Only do invesments

CHAD_TDK · 2020-02-10T05:13:20+00:00

don't do it
if you disregard #1 /r/wallstreetbets is your place

xShapez · 2020-02-10T04:41:37+00:00

I believe you can search up pivot points, most of the Quant Traders use them.

stawek · 2020-02-10T14:08:43+00:00

Here is an advice: don't.

People online claiming it's great are scammers trying to sell you their "get rich quickly" schemes. If they really were successful they would be millionaires and would not waste their time on YT.

Title	Day Trading Advice
Author	truthtawker
Upvotes	14
Comments	10
Date	February 10, 2020 4:03 AM UTC (6 years ago)
Subreddit	Posted in /r/MGTOW
Original Link	https://old.reddit.com/r/MGTOW/comments/f1krb7/day_trading_advice/
Archive Link	https://theredarchive.com/r/MGTOW/day-trading-advice.371948 https://theredarchive.com/post/371948

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