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Day Trading for Beginners

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11 contributions to Day Trading for Beginners
Checking in
How’s everyone feeling? Learning this stuff can be challenging and frustrating so I wanted to do a check in. I’ve had some “wtf am I doing here” moments when it seems straightforward but nothing is clicking, so if that’s what you’re feeling, you’re not alone!
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New comment 23d ago
1 like • 24d
@Travis Bruce as a Canadian the PDT rule doesn’t apply to me but it only applies if you want to use a margin account right? Or at least that’s what I’ve heard
1 like • 24d
@Travis Bruce ah yes the waiting for your money to clear makes it significantly difficult to day trade
“Stoked” to be here!🤣
I’m totally new to day trading and have yet to even attempt a paper trade but I’ve been seeing and hearing more and more about this endeavor lately so I took that as a sign to dig deeper into it. I’m excited to be a part of this beginner community as we learn this skill set together. I look forward to building a strategic plan of attack and gaining the knowledge required to be a successful day trader to the point of replacing my current income and living solely on the profits of my day trading strategy. Thank you Tyler for being so willing to share your journey with us and helping us learn along side you. I’m currently working my way through all your podcasts and getting my mindset right and my proverbial ducks in a row.
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New comment 25d ago
1 like • 26d
Welcome!
Edge & Doubt
New here and to trading, I’ve been paper trading for about a month now, learning as much as I can. I find taking paper trading seriously helps me get used to the emotional roller coaster of trading…caring about not losing, or being right, or limiting your losses is difficult when you pretend the paper money is real money. I’ve realized that you need to A. Act like it’s real money so you care about losing…then B. Learn how to not care about it after which I can learn C. Not to care about real money. It’s confusing, but it makes sense, I think. once I’ve learned how to trade which patterns with which indicators, not caring about the money and trusting the process is what’s important, from what I understand. My issue is I don’t know whether I understand what i’m following. I’m using RSI, Price Action, volume, MACD and tracking levels, but I always seem to be a behind. Does anyone else have this issue? I think it might be common , but when you’re alone doing this, you start to doubt yourself. I partially feel like I’m trying to apply something to nothing, to avoid missing out. I haven’t been able to consistently be successful, but I feel like it might be not the process but what I’m trading— all of this causes a bit of doubt. Also, anyone able to determine their edge yet?
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New comment 26d ago
Edge & Doubt
1 like • 26d
@Andrew Dorre yeah I was hooked into the idea of day trading by Ross Cameron but he’s scalping. I just got completely caught up to @Tyler Stokes’ podcast and began to realize that scalping is not as simple or friendly as it’s made out to be, apparently it’s the opposite 😅. I’m getting through the wiki now and I’m starting to learn a bit more about the strategy there. At the same time i’m also trying to understand swing trading. Sort of the same path as Tyler. I’ve been paper trading for about a month now trying to understand how to use the platform (IBKR) as well as learning how to read charts. I learn better by trying and watching than i do reading, which is why I’m so glad paper trading exists. I’m hoping to work with the wiki strat and try it out. Have you paper traded the strat yet?
This Week's Podcast - Day vs Swing Trading and the PDT Rule
This week's podcast is up and it's a quick discussion about the differences between day, swing and position trading. It also talks about the PDT Rule which those of you in the USA should be familiar with. You can check out the content here in a new module in the Stock Market Basics course. Although this is a group about "Day Trading", as beginners we will come to study various strategies, and you might find that swing trading better suits you for various reasons. So keep in mind that you don't need to only focus on a day trading strategy. The WIKI which I'm studying is mainly a day trading strategy, however as I mentioned I'm also studying a Market Symmetry strategy that is more swing and longer term trading, and I'm enjoying it a lot. So keep in mind, that yes you are interested in day trading, but other strategies might interest you as well. Just some quick thoughts.
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New comment 28d ago
This Week's Podcast - Day vs Swing Trading and the PDT Rule
2 likes • 28d
perfect timing @Tyler Stokes i literally wrote this note this morning at my desk. Looking forward to watching. Thank you!
Hey!! 👋
Hey everyone… Nice to meet you all! I’m super excited to be part of this community and help each other along our day-trading journey :)
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New comment 28d ago
1 like • 28d
Hello!
1-10 of 11
Ken Laroza
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44points to level up
@ken-laroza-3863
Canadian. Just learning.

Active 15d ago
Joined Oct 23, 2024
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