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re: Day Trading Noob
Posted on 8/9/26 at 11:56 pm to Omada
Posted on 8/9/26 at 11:56 pm to Omada
Thank you as well 
And to all with feedback. I don’t think day trading was accurate with my intentions so I appreciate you guys level setting what I am attempting.
EDIT: I’ll report back
And to all with feedback. I don’t think day trading was accurate with my intentions so I appreciate you guys level setting what I am attempting.
EDIT: I’ll report back
This post was edited on 8/9/26 at 11:57 pm
Posted on 8/10/26 at 5:21 am to CecilShortsHisPants
quote:
It’s not smart investing…
It’s not investing at all.
I’m not right about much in life.
With investing, I doubt I could be right about thousands of trades per year on direction and timing.
Good luck.
Posted on 8/10/26 at 7:25 am to MachoMan
what level of a regular trader are you? have you done spreads? swings? pump and dumps like we do here?
You are better off trading futures normally than day trading stocks.
I trade stocks and futures and day trading futures was hit or miss until i got into forex and it ate my lunch.
learn to sell options. do normal trades.
if you insist on day trading.....well....................
You are better off trading futures normally than day trading stocks.
I trade stocks and futures and day trading futures was hit or miss until i got into forex and it ate my lunch.
learn to sell options. do normal trades.
if you insist on day trading.....well....................
Posted on 8/10/26 at 7:34 am to Fat Bastard
quote:I enjoy this part the most.
learn to sell options. do normal trades
Selling covered calls. The only downside is upside that you may miss out on.
But you’ve got to own at least 100 shares to do it.
Posted on 8/10/26 at 7:48 am to bayoubengals88
right. you do cash secured puts also right?
what about naked puts?
what about naked puts?
Posted on 8/10/26 at 8:02 am to MachoMan
It’s essential that you get a feel for the overall market.
Listen to the first 10-15 minutes of these shows every day.
They are recorded.
I agree with others though. Swing trading is probably the best way to go.
Listen to the first 10-15 minutes of these shows every day.
They are recorded.
I agree with others though. Swing trading is probably the best way to go.
Loading Twitter/X Embed...
If tweet fails to load, click here.Posted on 8/11/26 at 5:12 pm to MachoMan
Imperative that you learn to read charts like Jason.
I highly recommend listening once he comes on.
I highly recommend listening once he comes on.
Posted on 8/11/26 at 9:44 pm to MachoMan
According to an email I received several hours ago, myfxbook.com now offers free backtests for, well, forex. I'm uncertain of their data quality, but if it is good data, then that is a forex option for you since I didn't have one when I made my original post.
EDIT: never mind, it looks like it is just a manual backtest. The site does have a "Strategy AI" that can create strategies for you and will backtest the results, but that is a premium option. I don't think either is worth it, personally. Apologies for bumping the thread.
EDIT: never mind, it looks like it is just a manual backtest. The site does have a "Strategy AI" that can create strategies for you and will backtest the results, but that is a premium option. I don't think either is worth it, personally. Apologies for bumping the thread.
This post was edited on 8/11/26 at 9:58 pm
Posted on 8/16/26 at 8:33 pm to MachoMan
These kinds of posts will help you on your journey. Size large and be patient.
Loading Twitter/X Embed...
If tweet fails to load, click here.Posted on 8/16/26 at 9:41 pm to bayoubengals88
I'm not trying to be mean, but you know you just posted what is basically chat room advertising? The poster has a link to a $75 a month chat room in his bio that, based on current subscribers, makes him and his business partner $18k a month. The vast majority of the reviews are from Indian accounts, so they're likely bought or made by them. And supposedly on that site (whop.com), you can take down someone's review and then remove their membership so they can't repost a negative review, so... yeah. That could explain how virtually no bad reviews exist.
That's not even mentioning his pinned tweet is of a portfolio overview with hidden money amounts. He's up 113%, but you've no idea if he did so with $100 or $100k. Well, you somewhat do because he'd definitely show off doubling the $100k.
That's not even mentioning his pinned tweet is of a portfolio overview with hidden money amounts. He's up 113%, but you've no idea if he did so with $100 or $100k. Well, you somewhat do because he'd definitely show off doubling the $100k.
Posted on 8/17/26 at 5:51 am to Omada
I honestly hadn’t looked into any of it.
I just like the way he reads charts. He’s flagged setups recently that I’ve liked as well.
I’ll delete. Thanks for being thorough
Actually, enough has been said, I’ll leave it up.
I just like the way he reads charts. He’s flagged setups recently that I’ve liked as well.
I’ll delete. Thanks for being thorough
Actually, enough has been said, I’ll leave it up.
This post was edited on 8/17/26 at 5:52 am
Posted on 8/19/26 at 5:14 am to MachoMan
A few key rhings to know before you start day trading:
1. If you decide to day trade blue chip stocks you will get crushed especially if day trading options. Every time you enter a position there is software that high frequency trading computers specifically target your trade, they know every detail: number of shares, where those shares are in the pool and that you are a retail trader with emotions. and will manipulate to profit whether you are long or short.
2. If you become interested in day trading low float stocks, do not, and I repeat do not follow that one trader on YT whom I won’t mention here. And by all means don’t throw your money away on expensive day trading courses. If you really want to watch the live trading session then try the 2 week intro which is much lower cost. But warning, you will get crushed following that trader.
3. If you day trade anytime after 10am EST you are trading against computers see tip number 1.
4. If you get into a trade and it’s losing cut your losses immediately. Do not hold hoping it will come back. This is the most difficult thing to do and will challenge you mentally forever and haunt you. There’s something called the 1:2 risk/reward rule and it’s the most difficult thing to achieve on the planet.
5. instead of trying to hit a 1:2 risk/reward do this instead, keep statistics on how long you are holding your winners versus your losses. You will find that you are holding your losers 3-5x longer than your winners. You have to reverse that. Cut your loses early or if you are smart you only hold a winning trade an average of 15-20 seconds. And only hold your losers 5 seconds. Once you achieve this then start holding your winners a bit longer 30 sec to a minute, but your loses hold for no more than 10 seconds. This is probably going to be your biggest challenge. There are traders that hold longer 30min or even a hour or more but you are at the mercy of computers andif you are long or short you are hoping the stock market is bullish or bearish. This can be profitable but timing the market can be inconsistent.
6. Trading momentum is one of the very few ways to become mediocre at day trading. Because you are trading against other day traders during a very small window of opportunity - trading is not a zero sum game. hopefully when you make a trade you are trading against real people rather than NPCs built to win. Keep in mind your losses mean someone or something is profiting. you have a better chance beating other people if you are smarter and have no emotion. Momentum gives you that best opportunity because it’s when retail traders are jumping in. momentum happens for two reasons. a catalyst - some news has been reported, or for no reason at all something has triggered a stock to go up or down aggressively usually at specific times the most popular and most volatile times are at: 4am, 7am, 9:30am, 4pm EST.
7. Unbeknown to a lot of people, stocks report news usually during premarket hours on the quarter hour for example 7am, 7:15am, 7:30am, 7:45am EST etc. with 7am EST being the time when a bulk of the financial news reports come out whether it’s from business wire PRNews, Benzinga etc.or from major news co. like Reuters. And if the pr news is excellent and Reuters reports it (double whammy), a low float stock can double in minutes. 7am EST is also a key time for when some brokers premarket hours open for trading, for example Charles Schwab opens pre-market trading at 7am EST so the flood gates open. This is where you make your money but only, if you are in and out quickly, can beat the other retail traders- see tip 5, and only if the news is the right kind of news - and that in itself is a mystery, why day traders pile in on a stock, I have yet to figure that out. news that worked great yesterday will not work tomorrow on a different stock with similar news.
I’m not a financial advisor I just know a lot of details about day trading and have the losses to prove it, and there is no question about it, if you day trade, you will lose money.
Good luck and like others have said if you do try it, start very small and only trade with what you can afford lose.
1. If you decide to day trade blue chip stocks you will get crushed especially if day trading options. Every time you enter a position there is software that high frequency trading computers specifically target your trade, they know every detail: number of shares, where those shares are in the pool and that you are a retail trader with emotions. and will manipulate to profit whether you are long or short.
2. If you become interested in day trading low float stocks, do not, and I repeat do not follow that one trader on YT whom I won’t mention here. And by all means don’t throw your money away on expensive day trading courses. If you really want to watch the live trading session then try the 2 week intro which is much lower cost. But warning, you will get crushed following that trader.
3. If you day trade anytime after 10am EST you are trading against computers see tip number 1.
4. If you get into a trade and it’s losing cut your losses immediately. Do not hold hoping it will come back. This is the most difficult thing to do and will challenge you mentally forever and haunt you. There’s something called the 1:2 risk/reward rule and it’s the most difficult thing to achieve on the planet.
5. instead of trying to hit a 1:2 risk/reward do this instead, keep statistics on how long you are holding your winners versus your losses. You will find that you are holding your losers 3-5x longer than your winners. You have to reverse that. Cut your loses early or if you are smart you only hold a winning trade an average of 15-20 seconds. And only hold your losers 5 seconds. Once you achieve this then start holding your winners a bit longer 30 sec to a minute, but your loses hold for no more than 10 seconds. This is probably going to be your biggest challenge. There are traders that hold longer 30min or even a hour or more but you are at the mercy of computers andif you are long or short you are hoping the stock market is bullish or bearish. This can be profitable but timing the market can be inconsistent.
6. Trading momentum is one of the very few ways to become mediocre at day trading. Because you are trading against other day traders during a very small window of opportunity - trading is not a zero sum game. hopefully when you make a trade you are trading against real people rather than NPCs built to win. Keep in mind your losses mean someone or something is profiting. you have a better chance beating other people if you are smarter and have no emotion. Momentum gives you that best opportunity because it’s when retail traders are jumping in. momentum happens for two reasons. a catalyst - some news has been reported, or for no reason at all something has triggered a stock to go up or down aggressively usually at specific times the most popular and most volatile times are at: 4am, 7am, 9:30am, 4pm EST.
7. Unbeknown to a lot of people, stocks report news usually during premarket hours on the quarter hour for example 7am, 7:15am, 7:30am, 7:45am EST etc. with 7am EST being the time when a bulk of the financial news reports come out whether it’s from business wire PRNews, Benzinga etc.or from major news co. like Reuters. And if the pr news is excellent and Reuters reports it (double whammy), a low float stock can double in minutes. 7am EST is also a key time for when some brokers premarket hours open for trading, for example Charles Schwab opens pre-market trading at 7am EST so the flood gates open. This is where you make your money but only, if you are in and out quickly, can beat the other retail traders- see tip 5, and only if the news is the right kind of news - and that in itself is a mystery, why day traders pile in on a stock, I have yet to figure that out. news that worked great yesterday will not work tomorrow on a different stock with similar news.
I’m not a financial advisor I just know a lot of details about day trading and have the losses to prove it, and there is no question about it, if you day trade, you will lose money.
Good luck and like others have said if you do try it, start very small and only trade with what you can afford lose.
Posted on 8/19/26 at 6:59 am to MachoMan
RIPMachoMan, I've been doing for several years what I believe you intend to do. SHoot me an email to src069 at gmail dotcom
Posted on 8/19/26 at 8:14 am to LSUtoBOOT
quote:
Go to the casino and buy some chips.
I save money by taking the money I would have taken to the casino and donating half to charity instead.
I make half of what I would have lost!
Posted on 8/19/26 at 9:53 am to Order88
Loading Twitter/X Embed...
If tweet fails to load, click here. buy low cost index funds, DCA regularly, and then do nothing
Posted on 8/19/26 at 1:09 pm to cgrand
also
in other words, they trade too much
quote:
Retail investors hold roughly 10% of U.S. equities (by market value in self-directed accounts) but account for about 20% of trading volume (with estimates ranging ~20–25% on average recently, and higher spikes).
in other words, they trade too much
Posted on 8/19/26 at 4:07 pm to cgrand
I love the first 2 comments I can see of that tweet, especially this one:
That said, it's not really a surprise that most of them fail to outperform. Since the fund fees are just a percentage of AUM and not a percentage of returns, the name of the game is principal retention, which means managers often won't stray too far from each other and the index. If they do, overperformance will attract more principal and produce more fees, but underperformance means principal withdrawals, getting fired, and potentially becoming a black sheep in the industry and/or a scapegoat for the next firm that hires you. The juice is often not worth the squeeze even for the ones capable of outperformance.
The steeper fees are also a drawback, obviously, and fund size can limit viable investment options that materially impact the portfolio. Warren Buffett will tell you it's not all peaches and cream being a big fish.
quote:
i beat the s&p 500 and im just a retard who throws money at palantir and anything indians on twitter tell me to invest in
That said, it's not really a surprise that most of them fail to outperform. Since the fund fees are just a percentage of AUM and not a percentage of returns, the name of the game is principal retention, which means managers often won't stray too far from each other and the index. If they do, overperformance will attract more principal and produce more fees, but underperformance means principal withdrawals, getting fired, and potentially becoming a black sheep in the industry and/or a scapegoat for the next firm that hires you. The juice is often not worth the squeeze even for the ones capable of outperformance.
The steeper fees are also a drawback, obviously, and fund size can limit viable investment options that materially impact the portfolio. Warren Buffett will tell you it's not all peaches and cream being a big fish.
Posted on 8/20/26 at 8:23 am to Omada
One comment on day trading as a beginner with all the AI stuff out there now, it is extremely helpful in determining magnitude of a move, gamma regime, and risk management but so far I have found no indicators/data pulls that have backtested over at least 5 years that can show directional prediction. This is also considered the holy grail of financial markets to be able to front run a move before it happens.
On my own journey I have tested pretty much every major statistical catagory, research paper theory, or social media trader setup over the full databento historical CME and OPRA datasets to no avail (29 of 29 kills on backtested theories, in short market is priced extremely accurate).
On my own journey I have tested pretty much every major statistical catagory, research paper theory, or social media trader setup over the full databento historical CME and OPRA datasets to no avail (29 of 29 kills on backtested theories, in short market is priced extremely accurate).
Posted on 8/20/26 at 4:10 pm to LSUTIGERS74
quote:it is. And if it weren’t for taxable capital gains it would be even more accurately priced
in short market is priced extremely accurate
Posted on 8/20/26 at 9:22 pm to LSUTIGERS74
The vast majority of my backtesting has been with 1D or larger data, not intraday. In my opinion, swing trading edges are pretty easy to find compared to intraday ones. Maybe one day I'll get back around to doing intraday backtesting just to see what I can find, but it's something I don't need to do at this point.
Are you saying you've only done 29 backtests?
quote:
On my own journey I have tested pretty much every major statistical catagory, research paper theory, or social media trader setup over the full databento historical CME and OPRA datasets to no avail (29 of 29 kills on backtested theories
Are you saying you've only done 29 backtests?
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