>oh yeah day trading is where the money is at
>learn technical analysis and price action and you'll easily earn 10k starting from just 1k
>oh and don't forget those stop losses, they help you reduce your losses!
>-$3458 loss
The day trading meme died with HFT.
>Loses $3458 from $1k
How?
>>1216000
Probably YOLO futures.
>>1216000
10:1 leverage.
Its was either that or get eaten by broker fees alone.
Fuck this shit. I'm going back to memecoins
>>1216000
So he actually lost 4458
Lmao
>>1216007
It was my entire last month's salary. I destroyed one of my dual monitors in a fit of rage. So thats like another $300 down the drain............
Get back on the horse, op.
It's not that hard, just chalk it up to experience
>>1216006
I don't trade with leverage but how could you lose $3.5k on $1k without either getting your account liquidated before >$1k loss, or depositing to make margin. So you're saying you got margin called and just kept topping up? Fuck
>>1216023
I started with 1k. But after every loss, I put in $500 again to make more trades. So in grand total I incurred losses greater than 1k i.e. 3458
>>1216012
I did everything by the book. I had a plan, I had a stop loss and I had a take profit limit. I even backtested for several months the stock I wanted to trade before I jumped in.
But the fact my trading method and system failed completely, I honestly dont know what to do right now.
>>1216035
Damn dude that's some slot machine mentality. Doesn't sound like trading is for you, just chuck your money in something with growth/high yield and let it sit.
>>1216035
This made me laugh so hard. Thanks for that.
>>1216038
What was your method? Why did it work backtesting but not in practice? Did you let emotions trade for you?
>>1216042
The usual MACD, RSI and moving average crossover shit. I also drew support and resistance lines in order to time my entry points.
Backtesting assumes perfect timing...
I guess I got my timing completely wrong (entering and exiting trades) because otherwise the very same trades would have been profitable.
>>1216039
Thats easy for you to say. What would you have done if your strategy was failing and even your stop loss got spiked?
The "trade with no emotion" is completely bullshit, just like le "efficient markets" meme.
Only algo trading can "trade with no emotion"
You sounds like a smart guy, spent a lot of time learning this, don't just give up on this but try smaller amounts.
>>1216052
Yes timing is 100% of the reason people lose money on the stock market, whether it's a long play or a 30 second sell. If you lose money you bought/sold at the wrong time. At least you have acknowledged that and maybe you can work on it? Paper trade the live market and see how you go.
>>1216058
I would have had an exit plan. Starting with $1k I would have vowed to only be willing to lose $1k and thus only trade with $1k. If my method didn't work I would have to step back and evaluate. Obviously it's impossible to trade without emotions when it's your own money, it's a matter of stopping your emotions from making BAD trades.
>>1216063
this, God hates quitters OP. You know what's right, keep divinating over your charts, the money will come eventually.
What kind of portfolio are you putting together for $1000? Are you hedging at all?
>>1216077
It's not a portfolio, he's daytrading one security.
>>1215998
mostly this...
if you want to try short term trading then you're probably better off looking at longer time frames than the traditional 90s/early 00's day trader as there are HFT algos out there much faster at picking up the low hanging fruit
>>1216003
futures can be good if you're trading spreads - especially exchange traded spreads (which remove the risk of you getting legger or having to pay a grand a month for a crappy autospreadder than doesn't work and mostly gives up edge on both sides anyway)
again though HFT exists and if you're a point and click trader you're better off competing on longer time frames
>got stopped out just recently out of UWTI at 26.80, just barely
>rallies to 28.10+ during class
Fuck
>>1216087
>which remove the risk of you getting legger*
*typo: should read - 'which remove the risk of you getting legged'
>>1216082
do you even know the basic principles of HFT algos you meme-spouting dunce?
>>1216077
you can put together a small portfolio for $1000 if you want to, like a buy and hold, long only one
either something like robinhood or in the UK there are services like Halifax sharebuilder with low low cost commissions - it isn't suitable for active trading though
>>1216095
why so angry mr autist? what basic principles?
there are lots of things that fall under the term 'HFT' from electronic marketmaking, hegging, auto spreadders, liquidity taking algos that snipe at outright contracts over figures or that pick off resting orders and get into spread positions
and yes I do know a bit about one of these areas as I was formerly a point and click trader then I went on to develop an automated spreadding strategy
over to you....
>>1216090
28.30 now
JUST
>>1216102
you're just making it sound like a bad thing as opposed to a natural progression in the market that lowers costs for all participants
>>1216121
no I'm not, I'm just advising that if you want to get involved in short term trading then you're better off not trying the traditional scalping strategies as HFT is much more efficient in that area...
>>1216130
I'm certainly not anti-HFT if that is what you were thinking - it is just that a lot of what point and click traders used to do isn't very feasible and they need to look at longer holding periods... manually working limit orders etc.. tends to just mean that you expose yourself to offering liquidity when all the bots at the front of the queue have decided they no longer want it - usually because of a move in a correlated instrument that suddenly makes being at the front of the queue much less +EV and potentially -EV
>>1216010
you dont need money you need therapy
>>1216138
>implying therapy works
fuck off normalfag scum
>>1216006
>he daytraded 10:1 w/ 1K
Lmaoing at your life OP. I'm a newb and I'm not even stupid enough to do that shit.
>>1216010
Sounds like you're a fucking spastic retard. You don't deserve the money.
Will I miss the train every time if I don't wake up for opening?
>>1216175
>tfw you even missed the train you were planning to jump in front of
I'm literally using a oijia board to choose stock tickers now because my picks are constantly trash lately
>>1216058
when your strategy fails, you fucking switch strategies. pic related ate shit for about a week, then sold off everything and recovered using different stocks, to where I was before.
if I held my position, waiting for a turn around, I would've been at -15% right now.
>>1216209
don't worry, it has immediate followers.
