How do I ACTUALLY learn how to daytrade? Is there some guide that teaches me signs to watch out for in the market?

How do I ACTUALLY learn how to daytrade? Is there some guide that teaches me signs to watch out for in the market? I'm so fucking tired of consistently losing money because of a single bad call

  1. 4 weeks ago
    Anonymous

    buy low sell high

    • 4 weeks ago
      Anonymous

      I did that and got wiped out but a single whale undoing the market trend in under a minute. I need to know what signs to watch out for so I get out when its time to get out

  2. 4 weeks ago
    Anonymous

    [log in to view media]

    Daytraders lose, dummy.

    • 4 weeks ago
      Anonymous

      I don't want to wait years and years for a slight chance at 2x'ing my investment, whilst still also having the chance of halving it

  3. 4 weeks ago
    Anonymous

    [log in to view media]

    >Learn a indicator
    >Backtest indicator
    >Is indicator profitable over time?
    >If yes proceed, if no look at another indictator/ try strategy on different time frames
    >Have clear risk management with defined levels where you will take profit and cut losses, ideally you want a strategy that has at least a 50% hit rate of a risk reward ratio of 2.

    Trading as a profession is about crafting a strategy and sticking too it, never risk so more than 1-2% of your trading funds on a single trade, because statistically speaking loss streaks of 5-8+ CAN happen so if you are risking 10% of your account on a single trade and you go on a loss streak you are likely to very quickly blow up your account.
    There is a perverse incentive for new traders with small accounts to lever up past 5x leverage because otherwise they won't 'make enough money' on a trade. It is important to ignore this logical fallacy and realize that more so than making a large nominal profit the key to success is consistent performance over time without destroying your account.
    Trading is 50% psychology, 30% experience and 20% technical knowledge

    Disclaimer I do not daytrade at all, I am 100% all in LINK since I would rather a sure thing 10000x then gambling on some chink exchange.

    • 4 weeks ago
      Anonymous

      >I am 100% all in LINK since I would rather a sure thing 10000x then gambling
      Not gonna mean shit if you have a million dollars at 60 years old, though

      • 4 weeks ago
        Anonymous

        Age extension is just on the horizon pal. Better to get rich for sure and then be able to eat the best quality food and extend your lifespan articially by hundreds of years than to gamble and get rekt so you can get rich quick.

    • 4 weeks ago
      Anonymous

      Risk management is key.
      Learn several indicators, which indicate different things, and learn them really well.

      Backtest as this anon pointed out.

    • 4 weeks ago
      Anonymous

      COuld you explain what leverage is and what it does?

      • 4 weeks ago
        Anonymous

        How to do i find strategies and learn about them.

        [...]
        ? thanks

        If anyone has time to share knowledge i would greatly appreciate, it will not be given in vain. I want to learn like a child and will be persistent. I am determined to make it work, by the grace of God, because i have the right motive - freedom, not vain consumerism, etc.

        thank you.

        • 4 weeks ago
          Anonymous

          [log in to view media]

          bro I asked what are you trying to day trade. I sit cryptos or stocks what is it your day trading?

          • 4 weeks ago
            Anonymous

            Crypto day trading man i am trying to get into it but going on YouTube and trying to learn reading charts/day trading has just no consistency. I think i need someone to point me in the right direction that will lead to success, these YouTubers are too inconsistent or just talk like they know stuff.

            • 4 weeks ago
              Anonymous

              I've been ignored again 🙁

              • 4 weeks ago
                Anonymous

                You need to read up some basics on investopedia and then venture into crypto twitter for news and some education.

              • 4 weeks ago
                Anonymous

                [log in to view media]

                I see Anon, I tough you mean Option stock trading. I dont trade cryptos anymore. Trading usually gets you reked. Best thing to do is dollar cost in and hold. Especially right now in the Bear Market dont trade there is no action. Best time to trade is a bull market. Faster quicker smoother pumps. But I guess you could start studying right now.

                Alright guys, thanks for the info. Going to have to put in more time and study for now.

              • 4 weeks ago
                Anonymous

                Check out EmperorBTC

            • 4 weeks ago
              Anonymous

              [log in to view media]

              I see Anon, I tough you mean Option stock trading. I dont trade cryptos anymore. Trading usually gets you reked. Best thing to do is dollar cost in and hold. Especially right now in the Bear Market dont trade there is no action. Best time to trade is a bull market. Faster quicker smoother pumps. But I guess you could start studying right now.

              • 4 weeks ago
                Anonymous

                In general you’re right. Even in a bear market the occasional no brainer comes along (scooping up millions of LUNA after it crashed to SHIB levels) and can be played if only to offset some of your losses. But this is a good time to be scouring for the best projects to hold long term.

            • 4 weeks ago
              Anonymous

              Most of the youtube "traders" make their money from engagement farming and not actual trading
              The traders who have developed methods that work generally guard their secrets, or otherwise cannot properly communicate precisely how they implement it. There's a distinction between method and execution, where one method can be executed in multiple ways with varying results. Thus even across many people using the same method, you will find wildly different outcomes. So its a mix of proper method, but one which you can execute in a way that generates positive outcomes over the long term. Trading successfully is a journey in self discovery, because the key input is you and all the strengths/weaknesses you bring to the table every time you execute. If you feel like shit, your performance is probably going to be like shit. Treat it like an athletic performance, where your body and mind are fine tuned to the act of proper execution. Don't be lazy. Don't be sloppy. And an important distinction that traders have over athletes, you get to decide when the game is played - so DON'T play on days where you feel shitty. There's plenty more I could say but it won't mean much without the experiences to make apparent the meaning behind it all. Good luck

              • 4 weeks ago
                Anonymous

                amazing post
                listen to this OP

  4. 4 weeks ago
    Anonymous

    [log in to view media]

    Just click the sell button when you're profitable, stop holding for more gains. Day trading and trend riding are completely different. Just click sell. That's it. Sell when the price goes up. Buy when the price goes down.
    Look at a graph and find the price range. Sell when the price tests the 24, 50 and 200 day MA.

    • 4 weeks ago
      Anonymous

      this is pretty much all you have to do. take 1000usdt buy little bits when it goes down and sell little bits when it goes up. you will be in profit soon enough. its not hard.

  5. 4 weeks ago
    Anonymous

    Companies with billions of dollars of equipment and insider knowledge and teams of 180 IQ autists can hardly trade enough to beat the market yet retard individuals still insist on “day trading” and thinking they will come out ahead Pro tip: you will underperform the market 99% of the time and will take big loses more often than not when all you have to do is buy and hold profitable dividend paying companies to make a solid and safe 12% a year

    T. Rich garden gnome with generational wealth from slow and steady stock market investing

    • 4 weeks ago
      Anonymous

      Stop lying. You are not gnomish and everything you said was bullshit.

    • 4 weeks ago
      Anonymous

      >Companies with billions of dollars of equipment and insider knowledge and teams of 180 IQ autists can hardly trade enough to beat the market
      That's because they literally have so much money that substantial buys and sells would sway the market extensively and fuck them over

    • 4 weeks ago
      Anonymous

      This, except it's more like 3% and finding reliable companies is not trivial

    • 4 weeks ago
      Anonymous

      [log in to view media]

      >Companies with billions of dollars of equipment and insider knowledge and teams of 180 IQ autists can hardly trade enough to beat the market
      Just not true, see Virtu's PnL distribution per trading day.

      t. hedge fund Quant

      • 4 weeks ago
        Anonymous

        What does the money-scale represent.

        • 4 weeks ago
          Anonymous

          Daytrading profit in million $ per day

      • 4 weeks ago
        Anonymous

        Daytrading profit in million $ per day

        What makes quantitative analysis so good? I've seen models used for predictive maintenance, power usage prediction, and many other things. And honestly I wasn't super impressed.
        Maybe implemented on a large scale and with proper data? Idk.
        What tools do you use, how many vectors go into your models?

        • 4 weeks ago
          Anonymous

          [log in to view media]

          >I've seen models used for predictive maintenance, power usage prediction
          You can model anything. Most models are only completely brainfucked and used to impress dumbfucks. Became very big during covid with "scientists" make "predictions" on growth without restrictions.
          >What makes quantitative analysis so good?
          In investing, it can take emotions out. There are beautiful quantitative investment strategies out there, on of my favourites being a beta-neutral strategy where you short high-beta and (leverage) long low beta stocks. Pretty neat, sharpe ratio in most markets of 1 vs market average of 0.2-0.5 (see pic).
          https://www.sciencedirect.com/science/article/pii/S0304405X13002675

          • 4 weeks ago
            Anonymous

            Thanks.
            You implement paper strats, or make your own?

          • 4 weeks ago
            Anonymous

            >short high-beta and (leverage) long low beta stocks
            sounds like a good way to blow up

            • 4 weeks ago
              Anonymous

              It's a legit strategy but leverage is too expensive for retail.

              • 4 weeks ago
                Anonymous

                Issue is when correlation diverges beyond expected sigma and the leveraged side is forced into liquidation. i.e. LTCM

  6. 4 weeks ago
    Anonymous

    use gains dot trade, then go to practice 🙂 easy

  7. 4 weeks ago
    Anonymous

    You could try reading all the books you can on daytrading and keeping what makes sense and you agree with and tossing the chaff. There are a bunch of pdfs on the topic easily found online.

  8. 4 weeks ago
    Anonymous

    Since you daytrade, you are effectively a gambler, so read this:
    https://en.wikipedia.org/wiki/Gambling_and_information_theory

    Then apply Kelly Criterion to your gambling trades:
    https://en.wikipedia.org/wiki/Kelly_criterion

  9. 4 weeks ago
    Anonymous

    What is she doing to him?

    • 4 weeks ago
      Anonymous

      The needful, sir

  10. 4 weeks ago
    Anonymous

    I’ve heard swing trading weekly is far more successful if you’re patient.

    • 4 weeks ago
      Anonymous

      Heard the opposite

    • 4 weeks ago
      Anonymous

      This is a good idea mid cycle.

  11. 4 weeks ago
    Anonymous

    Invest for value or relearn what investing is retard

    • 4 weeks ago
      Anonymous

      daytrading isn't investing

  12. 4 weeks ago
    Anonymous

    Babypips has literally a full course for free.

    • 4 weeks ago
      Anonymous

      Every resource on the internet is free

  13. 4 weeks ago
    Anonymous

    Day trading is a scam. Everybody should watch this entire video before even considering trading. If you don't have the attention span to watch it, then you're gonna suck at trading anyway.

  14. 4 weeks ago
    Anonymous

    honestly you won't make it unless you truly have an edge and it's an edge 90%+ of retail will never utilize. I doubt there is anyone in here who has a consistent futures trading track record for the last 2-3 years, but there are some people that do and their edge isn't derived from public indicators or reading chats. Just save your money, buy shares on stock market and just trade a delta neutral strategy with options and that's probably the most safest way to win consistently and beat the market.

  15. 4 weeks ago
    Anonymous

    [log in to view media]

    that image

  16. 4 weeks ago
    Anonymous

    OP, you have to have a strong desire for it which you manifest through diligence and practice. The key for me was realizing I simply had to be better than most other traders. That's all. Find a strategy that fits your psychology and try it with consistency of good risk management. Keep what works and discard the rest. Have an ability to adapt. That's it.

    • 4 weeks ago
      Anonymous

      How to do i find strategies and learn about them.

      • 4 weeks ago
        Anonymous

        just search. if you havent developed your knowledge seeking skills then you need to do that. you’re too helpless and naive sounding.

    • 4 weeks ago
      Anonymous

      How to do i find strategies and learn about them.

      ? thanks

  17. 4 weeks ago
    Anonymous

    OP, you dont want to be a trader. trust me. you have to be cold and emotionless. if you become a successful trader, you will lose everything else in your life. being too happy will make you too optimistic, being too sad will make you impulsive. then, there is the anxiety of multiple losing days or weeks because you basically just wasted time. it's really only a lifestyle for people who are ALREADY rich enough to retire and can play around with a few million. similar to being an online poker player, you aint gonna make it. maybe 1 out of a 1000 will. it's better to grind up then play with the market.

  18. 4 weeks ago
    Anonymous

    daytrading is not profitable. swinging over multiple weeks is. You should focus on being more patient and looking at daily charts to trade.

  19. 4 weeks ago
    Anonymous

    [log in to view media]

    Anon day trading what ? You mean cryptos?

  20. 4 weeks ago
    God

    [log in to view media]

    >learn
    >daytrade
    You don't, you either know or you don't.
    NGMI

  21. 4 weeks ago
    Anonymous

    Buy high sell low

  22. 4 weeks ago
    Anonymous

    If you daytrade you should expect to lose money as you are paying fees to try predict what is essentially random movements. You should expect to earn close to nothing before fees and lose heavily after fees. If this is your experience then congratulations; You are daytrading.

  23. 4 weeks ago
    Anonymous

    [log in to view media]

    I usually just do the spot trading and buy the coins i like. I've been holding eth, reef, dot, matic and now am also exploring Polygon's project which is the Kolnet. It's pretty simple and has good product to tell. I'm keeping tab on that. I don't follow signals from an 'expert traders'

    • 4 weeks ago
      God

      [log in to view media]

      >just do the spot trading and buy the coins i like.
      I stopped reading at >coins I like
      You're a fucking loser, NGMI.

      • 4 weeks ago
        Anonymous

        Eth, reef, dot, matic? NGMI? You are the real parasite. Don't try me or else, i'll gonna slap kolnet and polkadot straight to your face.

        • 4 weeks ago
          God

          I don't understand anything of what you just said, none, like nothing. NGMI.

          • 4 weeks ago
            Anonymous

            Take some vitamins.

            • 4 weeks ago
              God

              You take vitamins? Unless you are at that age... NGMI. Actually even if you need the vitamins because you are geriatric... NGMI.

    • 4 weeks ago
      Anonymous

      I mean its a bear market, there is really no action right now. Unless you find the risky as fuck pump and dumps. I do like the price action in Hex and Pulse Doge. I been making money there, buy the dip selling the pump. So my best advice to Anon is that stick to a well known crypto and practice $100-500 day trading those. Buy dip sell top, the problem is if it dips hard you get fucked out of your play.

      • 4 weeks ago
        Anonymous

        Thanks for this piece of advice. I got my major assets here. So far, only LUNA has crashed.

        • 4 weeks ago
          Anonymous

          [log in to view media]

          Yea man nobody know show long this bear cycle will last. I would say stick to ETH , and the top cryptos like Hex etc to play around with trading. But I be careful i think BTC and ETH are due for one more bad pull back. This is a YOYO market so dont get caught on the way down.

          • 4 weeks ago
            Anonymous

            Eth is my bag, no hex here. Richard heart is doin something?

            • 4 weeks ago
              Anonymous

              [log in to view media]

              Look into Pulse Chain and PulseX thank me later Anon.

  24. 4 weeks ago
    Anonymous

    >get a sim account
    >trade for 6m on 1-2 asset classes
    >start with 5000 on EU exchange
    >acknowledge you must lose money to gain money
    good luck

  25. 4 weeks ago
    Anonymous

    The biggest thing I want to know is when looking for something, there has to be a way to know if VCs have already bought, or at least still have large holdings in something. That more than anything can get you rekt even if you’re really confident on the potential of something.

    • 4 weeks ago
      Anonymous

      messari has info on supply distributions, allocations etc
      there are a lot of crypto analytics services out there, just have to know what you are looking for. When you search on google, do "crypto analytics" + data_you_want (i.e. "supply distribution"). Also can use "crypto research"

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