I'm studying to be an accountant so I'm wondering if I can keep the day trading going. I can't day trade in public accounting and I'm worried that just trading in the morning won't work long term. What careers are you guys in besides day trading?

The market’s had a rough week. If you’re new to trading, this kind of volatility can be overwhelming — and the urge to “make it all back” or try to call the bottom is real.

My firm actually had a solid week — we incorporated a few hedging strategies that helped us stay balanced. But even with that, we’re taking it light heading into next week. No need to force trades just because the market’s moving.

To the new traders: don’t feel pressured to dive back in or chase moves. Sometimes the best trade is no trade.

How’s everyone else feeling? Hedging? Sitting on cash? Hunting for opportunities? Would love to hear different approaches.

We will be sitting on cash. A few of us have decided to take Monday and Tuesday off

I'm not saying it's an easy thing to do or that I think a lot of people have, I'm wondering if there's any well known Youtubers, finance professionals, or even Redditors that have.

I'm going to start working a new job as a real estate agent soon, so I'm wondering if any of you day trade once the premarket opens. In California, the premarket opens at 6AM, which is convenient for me. I'm also aware that most stock breakouts occur in the premarket for the first 30 minutes of the market opening. If any of you are premarket profiters, how do you pick your stocks? I started off using alerts when I wasn't experienced and I'm currently learning to trade from scratch.

And average no. of trades taken each month if you don't mind sharing.

Just a sense check for myself to understand what is actually attainable/realistic. Been backtesting a strategy with roughly 50% winrate at 2.5R, but there are periods where losing streaks kicks in and pretty much stay at breakeven/dip into slight red for a month or two in each year (backtested 2023-2024).

As per the title, would like to understand if this is something that is expected/normal.

TIA!

Pretty proud of my progress. Thought I'd share this small victory as the rest of my life is in shambles.

Started mid oct 2024. I scalp low float momentum stocks in the premarket.

So got into day trading about 4 months ago. Read a ton of books, watched Ross Cameron on YT, longer then I would like to admit. I am currently using tradestation as my broker and platform. So after some time and setting up my strategies I had to resort to chat gpt to code and put different things together which is fine, does what it should. As I am moving along it starts to suggest in pre market around 8:30, it can break down 3 to 5 tickers that look best with all its strategies. And then give me entry, stop/loss, profit targets. Basically everything i would do every morning with all my scanners and charts but pretty much saving me time and takes my psychology out of it. I'm obviously going to back test it before directly applying it. Just wondering if anyone has done it. It's not exactly algo trading but a daily insight

Then all of this 71% will win Monday? ALL people say the market will go down, so everyone is right?? No surprise? No fake rebound? No liquidations for people shorting SP500?

Hi,

To give context I’ve been a day trader for almost 6 years now studying for 5 and working on my psych too for 3 years when I realised strategy alone wasn’t going to help. It’s true what they say - trading is 90% psychology. Now, strategy wise - I’ve learned that it’s actually a simple way of analysing the market when you use key levels (zones) that give you the best entries and then you can choose whether to buy or sell from that said zones through simple price action factors like market structure, momentum, liquidity grab, price rejection and data from higher time frames like daily and weekly. Analysing on 4h gives a clear structure and taking trades on 1h makes it accurate.

The tricky part comes when market doesn’t have any volume or the price action is too choppy. Of course we can’t expect the market to be great everyday but that’s the tough part I find in analysing and finding a good trade. Some days it’s easy and some days not so much. But this - what I just mentioned works amazingly well and I never had to look back. For traders who are lost with strategy - try this as not only does it help you become profitable it also helps you understand the technicals on a pure scale that simply just makes sense on a logical level. If this and that happens - then this can happen. If such has happened then obviously price has to go this way. What I mean by that - using a confluence of factors to determine price behaviour has always had a high level of accuracy in predicting or knowing where price is going to go next. Price follows technicals 100% of the time - it’s upto us as traders to just analyse that and when you get it right it works. This is how it works or at least for me. It’s gotten to a level where if I lose a trade I very well know why it happened technically and never ever lost in the market. And the losses make sense too. There’s also the risk management aspect where just because I get a good entry doesn’t mean I can have a trade on for a very bad RR. The minimum is 1:1, 1:2 is lucky for me. When you combine the factors of key levels, price action factors, market sentiment, good risk management- it seems so much easier and well structured to trade. Everyday is new in the market - but the factors that’s used in the market are the same - to me, it’s all about how we use them factors put together to make price behaviour make sense and trade that to make profits. Learning the technicals to a point where you know everything what’s happening is the best if you ask me. Took me a lot of practice and maybe more than 10,000 trades over the period of time to simply just look at the market and simply know. I’m sure with enough practice through the right factors - anyone can understand it the way I do too.

Just wanted to share my thoughts. If anyone has similar experience with just key levels and price action - comment below I’d like to hear other people’s perspectives too. And if it didn’t work for others and something else worked - I’d like to know that too! Thought it’s nice to get in touch with traders. If there are any questions too - happy to answer and share my ideas.

Thanks!

It's coming up to a year and a half of trading for me, i have been backtesting my strategy on replay and have managed to collect a years worth of data and even added some extra losses sometimes just to make sure i'm not cheating myself.

The end result is (i don't remember exactly so i'm giving a rough answer of the top of my head) 35-40% winrate with an average of 2-3 RR. I had ~70 trades and ended with ~35% profit

I have backtested a lot in my earlier trading days but have never got around to replay until a couple of months ago, i once had 3 months of profitability until i started losing again, refined my strategy and it seems like now i can catch a lot more wins.

Profitable traders who were in a similar position as me, do you have any advice

$RYTM this is worth watching tomorrow morning. Whatever your strategy is and whatever the news is (good or bad)…this is a catalyst.

https://www.globenewswire.com/news-release/2025/04/06/3056373/0/en/Rhythm-Pharmaceuticals-to-Announce-Topline-Results-from-Pivotal-Phase-3-TRANSCEND-Trial-Evaluating-Setmelanotide-in-Patients-with-Acquired-Hypothalamic-Obesity.html

I spent a few months paper trading on Schwab ThinkorSwim platform. Paper trading is a very deceptive experience for a newbie trader. You get 200k to start with. No matter how many times you tell yourself that you are treating this money as real money, it’s just not true. I consistently made $1-6K per day practicing completely irresponsible gambling as I discovered later. At the end I funded real account and jumped in. Boy is it different trading with real money, when you are green a few hundred bucks and then you are doing deer in the headlights impression staring at a loss of $1200 and revenge trading to get it back. Paper trading does not teach you risk management because you have no way of learning how to take a loss and cut it quickly, until you lose money again and again. You cannot learn how to trade correctly. You have to make real mistakes and then learn how to avoid them in the future. Then you get a shot at being a profitable day trader.

Ive been trading for about a year now, and im far from profitable. In total ive lost about 7k which is big numbers to me but oddly it feels like it doesnt matter. since i started trading money feels kinda worthless, numbers on a screen. ive had days where ive made more then a week of work. Im down because i really struggle with stopping out. I trade Spy options specifically 0dte. ill have good 2-3 week runs where i stick to my stops but for some reason anytime i make up a decent amount of my losses i blow it. I love trading and am not here to say im quitting or that I cant keep going. the mental fortitude that it has given me is worth more than anything money can buy. I love trading with such a passion and can see myself genuinely going somewhere with it. I wont lie when I first started I saw it as a get rich quick scheme since then ive learned its much much more. But id seriously like some help and advice to get over this barrier of Sticking to the stop loss then one day just completely ignoring it and blowing it.

Feel like I've found my strat just looking for any feedback. I trade mes 15 minute orb with entry on a 3 minute closure above or below the orb, ensuring that price is above vwap for longs and below for shorts. i risk 15 points and target 30. From all the backtesting I've done win rate hangs around 50% making this a very profitable strat. Anyone else trade like this or is there anyrhing I'm overlooking?

Newbie still learning. Why did gold prices drop for 2 days in a row after Trumps tariffs speech? Gold is generally considered a save haven in an uncertain market? If so shouldnt the gold price have gone up?

Posting this to warn other traders about my recent experience with TraderScale. I was trading a $200,000 account and had already received two successful payouts. My strategy never changed-supply and demand, support/ resistance, clean risk management, and no breaches of daily or overall drawdown. I kept risk per trade on average around 1-1.25% the entire time.

After building over $6,000 in profit and submitting a payout request, they suddenly terminated my account and claimed a "hard breach" for excessive risk-specifically for "adding to positions while in drawdown."

I immediately asked for proof. They sent one screenshot showing three BTC trades:

Two trades opened around 2:49 AM and 2:50 AM, both closed at breakeven.

A third trade was opened 10 hours later at 12:29 PM and closed with a small loss of $291.

The combined size of the first two trades was just 1 lot-well below the max position size for BTC.

I wrote a clear, professional breakdown explaining how this evidence didn't match their accusation. The trades were not stacked, not in response to drawdown, not over-leveraged, and didn't violate any risk parameters. If anything, their own screenshot proves I was trading responsibly. Their response? "That was just an example," and that there "may be more instances." No further proof. No counter to my breakdown. No attempt to actually explain how I breached anything. And now, they've completely stopped replying.

To be clear:

I followed their rules.

I managed risk properly.

I responded calmly with detailed logic.

They denied payout with vague reasoning, then ignored everything.

If you're a trader considering TraderScale, understand this: your payout can be denied with vague excuses, irrelevant evidence, and no transparency. They'll call it a breach, won't back it up, and then disappear.

This isn't just about money-it's about fairness and trust. I'm currently waiting for my Trustpilot review to be reinstated after submitting documentation, and I'll be posting this on other platforms too so people are aware.

If anyone else has had similar issues with TraderScale or other prop firms, feel free to share or reach out. And if anyone doesn't believe me, I'm happy to share the full email logs and screenshots-i've got it all documented.

I don't feel good Mr.Stark

He’s made two posts on this sub I am very active in. I also am a day trader part time for a long time and very well aware of these scams.

This guy from India with another alt from India made two posts on the r/borrowmoneyonline saying he has fool proof method after studying six months in arbitrage trading. He also states there’s zero risk and that he will guarantee 20 percent in 40 days. All after studying for six months and using fancy words to describe backtesting in TV with known variables over the past 5 years.

What do y’all think ? Is the scam one of those fake trading sites or does he genuinely and cluelessly think he’s going to guarantee returns after studying six months while indicating there’s zero Risk ?

This is my first time on this sub and thought some of y’all might appreciate it

Basically the title.

I don't trade futures, but it was something I was looking for to get an idea for how Monday would look like. I'm looking at NQ=F on yahoo finance if it matters and it still shows the last Fridays' price.

Based on the way the market is moving, I think it's fair to say that there should be more volatility on Monday. I can't imagine it being a tight trading range after the last two trading days.

Looking at the US markets the monthly, weekly and daily candlesticks are all bearish so even if there was to be some sort of reversal eventually and the market was going to go back up, it would need to have some sort of confirmed reversal patterns on the large time frames for any extended move to happen from here and for any consolidation to occur.

That being said the markets have sold off dramatically and are a long way from the typical moving averages used by trading and algorithmic trading systems. So we could have a case where the market goes up to meet some of these MA which is always risky as the price action for any long that occurs would still be taking place below these MA's making it risky.

I will be looking at a 5 min chart on Monday and trading in the direction the price movement is moving on that chart by using of a short term EMA and a longer term EMA to confirm the intraday direction whilst being aware that the price movement being a long way from the moving averages could mean it could be a choppy trading day.

If you have any views on how you perceive things or want to comment on what I have written , then you are more than welcome.

Hi all, After we saw big red numbers on last week, how do you expect and analyze the market for tomorrow's trading? Of course, if your assumption is based on any research/ analysis, please share your knowledge and advise

Green numbers and gains for all!!

This past month of March was all about protecting what's left of my gains after that huge lost of ELf stock.

I didn't really trade much. Just observing as the market falls. In April if thing stabilize I will trade again, if not maybe it's time to do spxs. Still deciding.

Even though I didn't trade much. I still used the skills I learned from daytrading to help me not fomo and catch a falling knife. Overall, I still achieved my goal of outperforming the sp500. However, how I got here wasn't through trading, but sitting out during a decline. That was a surprise. 😅 Hopefully some gains in April. Will report back next month.

Stay safe friends. 🥰💗

Remember that tool I mentioned that shows who's REALLY controlling the market? You guys asked for a way to test it without seeing my code, so here it is!

I just launched an API where you can upload any OHLC csv and instantly see if buyers or sellers are in control. Works on any market, any timeframe.

Super simple:

• Upload csv with OHLC candle data
• Get instant analysis with confidence levels
• See what I've been talking about!

I included BTC and Nat Gas example files, but try it on something you've traded - see if it catches those moves you missed (or confirms what you already knew).

The statistical model stays private, but the insights are all yours. Let me know what markets you test it on and if it matches your own analysis!

Github Link with further details!

Not financial advice, just a cool tool for extra insights.