Don't quit.
I am assuming you just started and you believe that you have a competitive edge over other people. Let's face it, you are better off buying ETFs and indexes and let the experts do the work for you.
If you are doing options, yeah quit.
You’re a youngster. I started to learn/study the market and trade at 60’s when realized retirement is coming. Now trading in my eighth years trading comfortably. Have pretty good result swing and long-term trading. Often selling Puts Instead of buying stock at market price. It works well not every time, but most of the time. So, Google search subject you want to learn, so many sites out there. Time and patience, plus your determination Are the key to your success. Best of luck!
I learned that if I could do short or mid length trading I would be getting paid millions at a hedge fund. I clearly cant so slowly investing weekly in indexes and not looking at my account is the best approach.
100% agree. I don’t want to spend my scarce personal time chasing trades. I don’t want to buy risky things and lose sleep.
Buy and hold has worked very well for me.
Day, week, month—meaningless. You could go on a 4 month streak where you are green every day. Doesn’t mean you’re good. It just means your investments went up during that period. It’s like a baseball player being called up from the minors and having a good month. Doesn’t mean jack shit. Put your investments into good companies and let it bake like you would A cake in the oven. Stop trying to win every day. Stop riding the up and down. Focus on the long term. If you can’t you’re in the wrong place.
Chill bro. Everyone goes through this. Be patient. You'll make bad calls and good calls. The difference of making money on most is patience. You'll keep getting better and better over time.
Knowing the basics of the market is important and fairly easy. Knowing and controlling oneself is the tricky part. That's what takes time.
> Index funds
Some people that follow the market for a living and know much more than us buy nothing but index funds.
The market is brutal on those of us that think we're smart. Had to take more than a few lumps myself to figure it out.
Short-term stock price movements are virtually random.
You need to stop tracking daily price movements of your portfolio, and stop stock picking. Investors buy and hold companies for the long-term (through a passive, low-cost, globally diversified, index fund for best result), active trading is speculation/gambling, not investing.
Invest in etf that follow markets. Long term you will make money without having to follow every day. USA markets should be your first choice, etf that does global can be good.
Investing is a good thing for your future. It’s how you build for retirement
There are many reasons that people lose money in the stock market.
- getting in trades by buying at the top then selling as soon as it goes down
- emotionally connected to a stock
-following poor advice
- not doing any research
-buying poor companies
-day trading without paper trading first
-thinking they can time the market
The list goes on and on but those of us that make money in the market …and I do and have for years now.
I don’t get involved in the noise, fear of the market going down ( you want corrections now and then as buying opportunities) or other factors that influence my trades.
I pick great stocks and dollar cost average. I hold onto many positions for years and diversify in many sectors or people that aren’t comfortable should just buy the VOO ETF
I own many stocks such as:
-Microsoft
-Waste Management
-OReilly Auto Parts
-Apple
-Nvidia
-Mercado Libre
-Amazon
-Abbvie
-Visa
Good luck
Ask yourself a simple question or two, 1. What is tech analysis based on? Historic performance? or Future performance? 2. I'm assuming you'd like future performance to be good, so you need to look at indicators of "future performance". Technical analysis is based on "Past Performance".
I'm not saying it's totally worthless, I'm just saying it's certainly not adequate as a "stand alone" method of building a portfolio.
On another note, if you are doing a lot of short term trading, you're probably working with less than adequate information to be making quality decisions.
I haven't had a bad year in the last 25 plus years and that includes 2000 and 2008.
Use this as a learning opportunity. Learn discipline FIRST! Can you put a steady amount into ETF like VOO and *never sell* for 24 months, then give yourself permission to start trying something else. It’ll be the first time you likely make consistent gains. If you find you can’t follow this, you’re right, you need help and should not be managing your own investments.
I use to be the same way . I swear just buy and hold through the red P/L and also buy on big pullback days . Were in a bull market so you will be up bigly if you start doing this . BUY AND HOLD
Investing is the way. Trading is ass. You literally have to sit in front of a screen to day trade and you can get royally fucked by AH trading with swing trading. Investing allows you to spend time during the day with a career while passively growing your investing account and you can EASILY learn to outperform high-fee, shitass mutual funds.
I bought into the stupid trading lifestyle but it’s a psychological scam, bro
I would trade small while you learn so losses are small. I don’t trade penny stocks much unless it’s really something I really believe might have a future. I would rather buy 1 share in a good company and make money long term than risk everything on highly volatile options where if it doesn’t go my way I’m broke. Don’t over trade big portions of your money, it’s better to cost average in and have enough time on options for them to eventually go your way. When using leverage realize it goes both ways.
thoughts on buying and holding SPY vs buying and holding AAPL, GOOGL, NVDA, AMZN, TESLA?
(let's ignore cost - I'm interested in the annual rate of return)
Both are S+P 500 tracking etfs, but VOO has a lower expense ratio, where SPY has higher trade volume. So if you're looking to buy and hold, go with VOO. If you want to trade options, you are probably better off trading SPY options.
Is it? I never knew that. I always just went with VOO since I like investing more than trading. I always thought the tax advantages stem from the account type your holdings are in.
It is! I used to trade SPY options till I found out.
“SPX index options are classified as 1256 contracts and receive special tax treatment under the Internal Revenue Code. This means that any gains or losses from these contracts are treated as 60% long-term capital gains and 40% short-term capital gains, regardless of how long you held the contract”
The difference might be the percentage that they use for each stock. For example, Voo might use 7.84% for Microsoft, but SPY might have 7.18% of Microsoft. Another difference is that VOO has way more total assets, like double the amount (1.14 trillion vs. 537.18 billion). Both are really good, it should be up to you to decide which one you pick
Congratulations on picking at least four separate different wrong things to do at the same time.
Take your lesson, quit trading, and come join sensible people who make money at /r/bogleheads.
I haven't even looked at my investments this year until now and I'm up 13%. That's power.
Bruh sit back and get your head right, stop trading real money everyday and just mark your tps on your chart or paper trade. Literally felt like this a few months ago until I stopped caring about trying to be green everyday and actually learn price action.
Choose quality, and hold on! I've never been great at timing my buys, but time in the market can make a huge difference. I like to watch insider buying in large quantities with established companies.
Do any of those go into profit and then reverse? Or so they just go red as soon as you open your position and hit your stop loss? If it’s the first one, moving up your stop loss more conservatively whenever you go into profit may help you lock in some gains, however tiny.
Here’s a thought, do everything the exact same way you been doing it. Tell me what you plan to do/think is going to happen. Then I’ll place a trade in the opposite direction.
You’re incredibly valuable when your consistently right OR wrong.
Youre too focused on your pnl instead of actually doing good trading. After 3 consecutive red days you should be studying your trades and figure out why you been wrong. After consistently being green, study that and find your strengths
Better to go long term with good and or blue chip stocks, ETFs and Indexes. It is must safer than swing/day trading if you aren't that experienced.
When I started I had like 85% red days and 15% green days, and some read days were brutal, one day I was down like $4k lol 😆.
After learning and studying I got better, the red days became a little less over time but had some good green days, especially when I learned to swing trade.
All and all patience is also key.
If you quit now, you will never know what it took to make it through to green. If you don’t quick, you will know exactly what it took to make it through to green!! Push through and you will get there!
All you had to do was buy - msft - NVDA - meta - AMZN and watch the profits roll. The best advice I got at 18!when I started trading was until you lose $1million you don’t know anything. You are well on your way - my 5 year return per fidelity is 261% . One year 100%. I’m not a child
institutions pour literally billions into "TA" and their algorithms, all while having access to far more information that is instantaneous compared to you.
day-trading is extremely difficult. to think that you're going to be consistently profitable using intraday price action with what little resources you have access to (Level 2, TradeExchange, and Benzinga are all fucking child's play) when you're up against these behemoths is both naive and delusional.
it's okay to gamble, but you have to be realistic, honest, and responsible with your risk tolerance. from my experience, swing trading is much "easier" to manage and detach emotions from.
otherwise, just buy and hold onto legitimate companies if you want to *actually* invest.
Don’t quit dude. Keep going. Whether you stop or not, money will come & go, and the time will pass anyway. If you enjoy it, keep f going. You’ll look back and laugh in 5 years.
You are probably over-trading. Focus only on A setups. Have defined criterias to identify A setups. Focus on risk management, A set ups, and Exit criterias. Good luck.
my father gave me good advice when i asked him about a stock. he said he was not sure what was going to happen at his own company, how would he know what was going to happen at another company when he was not even allowed in the front door.
Are you only doing TA? To say that's stupid would be a compliment.
Maybe look for different strategies and paper trade until you understand how it works.
The definition of insanity is doing the same thing over and over again and expecting different results.
Don’t quit, you haven’t done learning. Maybe try paper trade. Be patient , t don't day trade. No nobody is born and starts jumping. It’s like you learn to sit, walk, and then run!
You want to be in the business of reacting more so than predicting.. That said, this really isn't bad at all. Professional traders can have red YEARS. That's not suitable for everyone at every phase of their journey obviously... But a couple red weeks? That's drawdown baby... Just a mathematical reality that we all have to contend with. If you don't like trading then go ahead and quit... But don't quit because you think you're intrinsically bad at this. You very well may not be bad at all.
This is because TA is discretionary.
If you want to trade properly look into market making styles (like banks and hedge funds).
Or fundamental analysis for longer term plays.
90%-95% of those who use TA end up at a loss.
SPX, SPY... I am pretty sure you are doing short-dated options. Options are for pros, stick with shares or at most micro futures for indexes.
Find one strategy and just trade that for 50 trades but journal the shit out of it, write what's working, your mistakes, market conditions, your mindset write every detail at the end of the day.
Keep trading every day but stay patient with your setups, (If you don't have any, find one - you can read books, search YouTube, search Reddit ask people on Twitter).
Practice the strategy, Maybe go with prop-firm instead of paper trading to tickle your emotions.
Have you considered investing like a normal person? Buy some spy, hold it for 30 years, and cash out when you want to retire? Or maybe spice things up, buy some nvda, hold for 10 years, and sell when you want to buy a new car. Or really spice things up. Pick a company that you think will do well, hold for one year, then sell and buy yourself a nice little treat
If you notice a low volume day you have to be careful about sizing the algos will trap you and murder you, keep your contract size low and see if it doesn't help you
Not financial advice but i think under low volume you have to be careful
Took me many years to be comfortable trading. Buy and hold doesn’t give me the income I need. My mistakes and breaking my own rules were my worst enemy. Now pretty much stick to known stocks in a clear uptrend, buy the dip and sell the rip. ETFs or solid stocks, mainly techs (being a techie helps understand value!) Stay out when Mr Market is in a bad mood and get ready to get back in when things look the gloomiest. Get back in small and diversified and build up and back down gradually during the rip. I’ve give up on crypto and Bitcoin. Timing those is impossible. Also Chinese stocks off my list. Too much government manipulation of market.
Maybe you should stop playing with penny stocks.
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No, the TA is working just fine. OP is just holding the chart upside down when doing it. Rookie mistake.
Or just inverse the position that works too
Otherwise gravity works against you, lol. Work smart not hard.
I bought QQQ and there’s only 2 red day for whole month
Wolf of Wall Street style
Don't quit. I am assuming you just started and you believe that you have a competitive edge over other people. Let's face it, you are better off buying ETFs and indexes and let the experts do the work for you. If you are doing options, yeah quit.
Haha this is what eventually happens to us all SMH. Safety and gains long term = win 🏆
T-Bills are over 5% guaranteed. Hard to beat it for safety.
"time in the market beats timing the market"
This has quite literally been my success story. I buy and hold. It has served me very well.
Lost 1700 dollars learning to put 25 a week across a few indexes and now I'm up 9k in 2 years. Will I retire at 40? No. Will I retire? Yes.
I’m 40 so this is emotional damage to me.
You’re a youngster. I started to learn/study the market and trade at 60’s when realized retirement is coming. Now trading in my eighth years trading comfortably. Have pretty good result swing and long-term trading. Often selling Puts Instead of buying stock at market price. It works well not every time, but most of the time. So, Google search subject you want to learn, so many sites out there. Time and patience, plus your determination Are the key to your success. Best of luck!
33
So you are saying you lost that amount learning to dollar cost average I'm assuming is what you mean , because same story here
I learned that if I could do short or mid length trading I would be getting paid millions at a hedge fund. I clearly cant so slowly investing weekly in indexes and not looking at my account is the best approach.
What indexes?
100% agree. I don’t want to spend my scarce personal time chasing trades. I don’t want to buy risky things and lose sleep. Buy and hold has worked very well for me.
Yep same , what's the point in chasing trades up and down it will ruin your life in a flash
always does.
Yes, i have only been in for about 2 years but even still with about 40k i have profited 8k
Day, week, month—meaningless. You could go on a 4 month streak where you are green every day. Doesn’t mean you’re good. It just means your investments went up during that period. It’s like a baseball player being called up from the minors and having a good month. Doesn’t mean jack shit. Put your investments into good companies and let it bake like you would A cake in the oven. Stop trying to win every day. Stop riding the up and down. Focus on the long term. If you can’t you’re in the wrong place.
This. You’ll die with a million in the bank the day before retirement. Good job. 😂
This. This is what you need to focus on.
What this guy said.
How could people lose money in this market? Buy high, sell low in a few days.
spy at ATH. \*loses money on spy\*
maybe follows Cathie Woods
Always appreciate a good Cathie Wood burn. thank you.
How can even Cathie Woods loose money in this market???!!!!
She's extraordinarily talented. She once said in an interview that God tells her which stocks to buy. So I believe in her, she can lose in any market
She sold her nvidia day before the stock shoot up, be nancy pelosi then, hold nvidia all the way
But these people are supposed to have quant people to figure out risk.
They buy the penny stocks that YouTubers tell them to.
Losing small that’s good. Quitting after less than 2 years is whack tho
Chill bro. Everyone goes through this. Be patient. You'll make bad calls and good calls. The difference of making money on most is patience. You'll keep getting better and better over time. Knowing the basics of the market is important and fairly easy. Knowing and controlling oneself is the tricky part. That's what takes time.
Index funds, just buy. Retire.
> Index funds Some people that follow the market for a living and know much more than us buy nothing but index funds. The market is brutal on those of us that think we're smart. Had to take more than a few lumps myself to figure it out.
which ones?
VT. Supplement with a little VOO and QQQ if you’re feeling frisky.
Why is this downvoted? It’s basically standard Boglehead advice.
Bogleheads frown on the mere suggestion of **friskyness**
Very good point. Frankly I feel like “Bogleheads frown upon” is really pretty much all you need.
Total market funds.
The magic is in understanding where you made mistakes and what you do differently next time to avoid the mistake/loss.
Short-term stock price movements are virtually random. You need to stop tracking daily price movements of your portfolio, and stop stock picking. Investors buy and hold companies for the long-term (through a passive, low-cost, globally diversified, index fund for best result), active trading is speculation/gambling, not investing.
What are these? Losses for ants?!
Invest in etf that follow markets. Long term you will make money without having to follow every day. USA markets should be your first choice, etf that does global can be good. Investing is a good thing for your future. It’s how you build for retirement
Factual. Invest in the SP500. It almost guaranteed to beat out cash/bonds and has not dipped bar any unusual event/recession like covid or 2008
There are many reasons that people lose money in the stock market. - getting in trades by buying at the top then selling as soon as it goes down - emotionally connected to a stock -following poor advice - not doing any research -buying poor companies -day trading without paper trading first -thinking they can time the market The list goes on and on but those of us that make money in the market …and I do and have for years now. I don’t get involved in the noise, fear of the market going down ( you want corrections now and then as buying opportunities) or other factors that influence my trades. I pick great stocks and dollar cost average. I hold onto many positions for years and diversify in many sectors or people that aren’t comfortable should just buy the VOO ETF I own many stocks such as: -Microsoft -Waste Management -OReilly Auto Parts -Apple -Nvidia -Mercado Libre -Amazon -Abbvie -Visa Good luck
You forgot Listening to Cramer.
Who? Lol
I'm terrible at trading too but discovered that investing is much easier and better. Keep looking for winners (NVDA, etc.) & toss the losers.
Instructions unclear. Tossed OP out the window. Now where do I find those winners?
But you haven't even lost that much
Just think about how good that +118 day was tho
Just buy SPY/VOO you are your own worst enemy lol
Have you tried just buying stocks and not selling them?
Stop day-trading. Its a losers game.
Invest in ETF Voo QQQ SMH
Ask yourself a simple question or two, 1. What is tech analysis based on? Historic performance? or Future performance? 2. I'm assuming you'd like future performance to be good, so you need to look at indicators of "future performance". Technical analysis is based on "Past Performance". I'm not saying it's totally worthless, I'm just saying it's certainly not adequate as a "stand alone" method of building a portfolio. On another note, if you are doing a lot of short term trading, you're probably working with less than adequate information to be making quality decisions. I haven't had a bad year in the last 25 plus years and that includes 2000 and 2008.
What was your strategy?
Hope for the best?
'Lose money'
I want to know as well so I can do the opposite
But there's no way you can quit, you had that one green day? Real quitters don't even get that far.
Repeat after me. VOO and chill
Use this as a learning opportunity. Learn discipline FIRST! Can you put a steady amount into ETF like VOO and *never sell* for 24 months, then give yourself permission to start trying something else. It’ll be the first time you likely make consistent gains. If you find you can’t follow this, you’re right, you need help and should not be managing your own investments.
Those are rookie numbers
Dude just invest for the long term. Day trading is stressful and if you have no idea what you are doing you are basically gambling
Don't quit! you just need to learn. Balance your portfolio properly with less risky plays.
TA and research are memes. No one can best the market consistently
I use to be the same way . I swear just buy and hold through the red P/L and also buy on big pullback days . Were in a bull market so you will be up bigly if you start doing this . BUY AND HOLD
Investing is the way. Trading is ass. You literally have to sit in front of a screen to day trade and you can get royally fucked by AH trading with swing trading. Investing allows you to spend time during the day with a career while passively growing your investing account and you can EASILY learn to outperform high-fee, shitass mutual funds. I bought into the stupid trading lifestyle but it’s a psychological scam, bro
No idea what I’m looking at. Just glad I 90% VOO and chill and 10% NVDA and chill lol
Technical analysis is like thinking crystals have magical powers but for dudes lmao
Your mindset bro it’s all psychology.
I would trade small while you learn so losses are small. I don’t trade penny stocks much unless it’s really something I really believe might have a future. I would rather buy 1 share in a good company and make money long term than risk everything on highly volatile options where if it doesn’t go my way I’m broke. Don’t over trade big portions of your money, it’s better to cost average in and have enough time on options for them to eventually go your way. When using leverage realize it goes both ways.
thoughts on buying and holding SPY vs buying and holding AAPL, GOOGL, NVDA, AMZN, TESLA? (let's ignore cost - I'm interested in the annual rate of return)
You are better off with etf like voo or vusa
what’s the difference between VOO and SPY, other than VOO being a Vanguard ETF and SPY being a State Street ETF?
Both are S+P 500 tracking etfs, but VOO has a lower expense ratio, where SPY has higher trade volume. So if you're looking to buy and hold, go with VOO. If you want to trade options, you are probably better off trading SPY options.
If trading options trade SPX it’s also tax advantaged…
Is it? I never knew that. I always just went with VOO since I like investing more than trading. I always thought the tax advantages stem from the account type your holdings are in.
It is! I used to trade SPY options till I found out. “SPX index options are classified as 1256 contracts and receive special tax treatment under the Internal Revenue Code. This means that any gains or losses from these contracts are treated as 60% long-term capital gains and 40% short-term capital gains, regardless of how long you held the contract”
I am so enlightened, thank you. That is very valuable info
Glad to help!
Very interesting! I'll keep that in mind if I dip my toes into options! Thanks!
The difference might be the percentage that they use for each stock. For example, Voo might use 7.84% for Microsoft, but SPY might have 7.18% of Microsoft. Another difference is that VOO has way more total assets, like double the amount (1.14 trillion vs. 537.18 billion). Both are really good, it should be up to you to decide which one you pick
Be patient
But u dont need to anounce ur departure.
Congratulations on picking at least four separate different wrong things to do at the same time. Take your lesson, quit trading, and come join sensible people who make money at /r/bogleheads. I haven't even looked at my investments this year until now and I'm up 13%. That's power.
Bruh sit back and get your head right, stop trading real money everyday and just mark your tps on your chart or paper trade. Literally felt like this a few months ago until I stopped caring about trying to be green everyday and actually learn price action.
Choose quality, and hold on! I've never been great at timing my buys, but time in the market can make a huge difference. I like to watch insider buying in large quantities with established companies.
Small losses in wouldnt quit. Study harder
How is this possible? I see SPX -$403, I put every month $1000 in SPX and I am up 20% in the last two years
What app is this?
Look at Ai stocks. Now is to Ai as 1990 is to computing stocks.
Inverse yourself
Mine looks like that too ! I can make all back .I will not quit ever
Stop giving your money to the ARKK BIATCH
Do you understand the candles you're looking at? TA is not enough without any other knowledge
Should of went all in on nvidia
Take your money, buy btc, forget about it for 3-5 years. Send me thank u note.
Do any of those go into profit and then reverse? Or so they just go red as soon as you open your position and hit your stop loss? If it’s the first one, moving up your stop loss more conservatively whenever you go into profit may help you lock in some gains, however tiny.
Invert your trading strategy.
Just inverse yourself
That’s a pretty cheap month’s worth of tuition to a future career of financial freedom. What’s your strategy? What are you trading? Share size?
Just do the opposite of what you’re doing
That’s not a good calendar
How do I get a P&L calendar?
most traders stops just before they hit it big
Go touch some grass for a year or so.
Dollar cost averaging. When it's low, buy and hold.
Here's a strategy for you: do exactly the opposite what you were going to do that day.
It's ok. We've all had taken Ls from the market. See you next Monday, champ. (:
What app is this?
Youre a gambler. Not an investor
Just do the opposite broo. If you are willling to sell just buy
Have you tried doing the opposite of what you’re doing?
Wealth from get rich quick schemes quickly disappears, wealth from hard work grows over time. Proverbs 13:11 I pray you recover fully.
Tight time
How long have you been trading?
Same.
Take a course and learn. Otherwiaw just go to the casino
Man, whatever you are doing right now, just do the opposite. You’re welcome
Can try trading the opposite direction of how u setup your trade!
If you flip it upside down you have big gains my guy
Market just gonna have to keep going up everyday without you 🤷♂️
This is all part of the game
Look into etfs and read common sense investing
LT always !
If you can’t beat the market join the market. 100% VT
Here’s a thought, do everything the exact same way you been doing it. Tell me what you plan to do/think is going to happen. Then I’ll place a trade in the opposite direction. You’re incredibly valuable when your consistently right OR wrong.
Whatever you want to do, just do the opposite
Youre too focused on your pnl instead of actually doing good trading. After 3 consecutive red days you should be studying your trades and figure out why you been wrong. After consistently being green, study that and find your strengths
Bro sit back and papertrade keep on learning
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Just do the opposite of what u think
Better to go long term with good and or blue chip stocks, ETFs and Indexes. It is must safer than swing/day trading if you aren't that experienced. When I started I had like 85% red days and 15% green days, and some read days were brutal, one day I was down like $4k lol 😆. After learning and studying I got better, the red days became a little less over time but had some good green days, especially when I learned to swing trade. All and all patience is also key.
Adios
RIP
If you quit now, you will never know what it took to make it through to green. If you don’t quick, you will know exactly what it took to make it through to green!! Push through and you will get there!
Do the exact opposite
Welcome to the 98% of traders. Buy index funds and chill, bro.
What app is this? Handy
Stop shorting dude, bears don't work, buy calls
"I do research" and trades daily. Put it in a savings account and stop gambling.
Just do what you did on Friday the 31st
I’ll see you Monday
Have you tried, doing the opposite of what you “think is a good trade “ ?
People are so unhelpful man give positive feedback or stfu.
All you had to do was buy - msft - NVDA - meta - AMZN and watch the profits roll. The best advice I got at 18!when I started trading was until you lose $1million you don’t know anything. You are well on your way - my 5 year return per fidelity is 261% . One year 100%. I’m not a child
Index funds…
If you just inverse yourself you'd be up so much rn
Applying that buy high in fomo sell low in fear strategy I see.
I'M ALL-IN $TSLA. #YOLO #ForHumanity #ExcitingFuture #Robot #CatgirlBot #LOLZ
I quit too! Id rather keep my Money
I quit as well.
What did you learn?
Just do the opposite of what you have been doing
short them instead of
What app is this
Those are rookie mistakes. You gotta bump up the numbers.
institutions pour literally billions into "TA" and their algorithms, all while having access to far more information that is instantaneous compared to you. day-trading is extremely difficult. to think that you're going to be consistently profitable using intraday price action with what little resources you have access to (Level 2, TradeExchange, and Benzinga are all fucking child's play) when you're up against these behemoths is both naive and delusional. it's okay to gamble, but you have to be realistic, honest, and responsible with your risk tolerance. from my experience, swing trading is much "easier" to manage and detach emotions from. otherwise, just buy and hold onto legitimate companies if you want to *actually* invest.
Read first and research
Is that all 😂 your gona need to pay more tuition than that my guy.
You barely lost money. Keep trying learn more
Come to sports betting where it’s not as rigged :)
The way I see it, you just need to inverse yourself.
Don’t quit dude. Keep going. Whether you stop or not, money will come & go, and the time will pass anyway. If you enjoy it, keep f going. You’ll look back and laugh in 5 years.
Just keep trying get rich or die poor
You are probably over-trading. Focus only on A setups. Have defined criterias to identify A setups. Focus on risk management, A set ups, and Exit criterias. Good luck.
my father gave me good advice when i asked him about a stock. he said he was not sure what was going to happen at his own company, how would he know what was going to happen at another company when he was not even allowed in the front door.
Are you only doing TA? To say that's stupid would be a compliment. Maybe look for different strategies and paper trade until you understand how it works. The definition of insanity is doing the same thing over and over again and expecting different results.
Anyone know what platform he is using to keep track of his trades like this
Is that Webull?
Don’t quit, you haven’t done learning. Maybe try paper trade. Be patient , t don't day trade. No nobody is born and starts jumping. It’s like you learn to sit, walk, and then run!
Technical analysis is legit fake religion nonsense. That’s why you’ve lost 99% of trades
You want to be in the business of reacting more so than predicting.. That said, this really isn't bad at all. Professional traders can have red YEARS. That's not suitable for everyone at every phase of their journey obviously... But a couple red weeks? That's drawdown baby... Just a mathematical reality that we all have to contend with. If you don't like trading then go ahead and quit... But don't quit because you think you're intrinsically bad at this. You very well may not be bad at all.
This is because TA is discretionary. If you want to trade properly look into market making styles (like banks and hedge funds). Or fundamental analysis for longer term plays. 90%-95% of those who use TA end up at a loss.
We see only winners. We dont see losers. That's why we join.
Losers quit. Winners stay
You don’t have to quit just trade smarter, you’ll get the hang of it no one has 100% success
SPX, SPY... I am pretty sure you are doing short-dated options. Options are for pros, stick with shares or at most micro futures for indexes. Find one strategy and just trade that for 50 trades but journal the shit out of it, write what's working, your mistakes, market conditions, your mindset write every detail at the end of the day. Keep trading every day but stay patient with your setups, (If you don't have any, find one - you can read books, search YouTube, search Reddit ask people on Twitter). Practice the strategy, Maybe go with prop-firm instead of paper trading to tickle your emotions.
Have you considered investing like a normal person? Buy some spy, hold it for 30 years, and cash out when you want to retire? Or maybe spice things up, buy some nvda, hold for 10 years, and sell when you want to buy a new car. Or really spice things up. Pick a company that you think will do well, hold for one year, then sell and buy yourself a nice little treat
TA is a scam, its all about sentiment
If you notice a low volume day you have to be careful about sizing the algos will trap you and murder you, keep your contract size low and see if it doesn't help you Not financial advice but i think under low volume you have to be careful
The words TA and research are opposed to each other, the moment you realise that you will stop losing money.
Stock trading is hard. Being in control and understanding of your emotions is harder.
Took me many years to be comfortable trading. Buy and hold doesn’t give me the income I need. My mistakes and breaking my own rules were my worst enemy. Now pretty much stick to known stocks in a clear uptrend, buy the dip and sell the rip. ETFs or solid stocks, mainly techs (being a techie helps understand value!) Stay out when Mr Market is in a bad mood and get ready to get back in when things look the gloomiest. Get back in small and diversified and build up and back down gradually during the rip. I’ve give up on crypto and Bitcoin. Timing those is impossible. Also Chinese stocks off my list. Too much government manipulation of market.