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Day Trading for Beginners

Public • 665 • Free

7 contributions to Day Trading for Beginners
Trading Partner(s) Wanted: Let's Grow and Learn Together
Hey fellow traders, I'm reaching out to find an accountability partner to navigate this journey together. I've been trading for several years, and while I've had my moments of success, I now realize my strategy was quite blind and ill-prepared. Currently, I have the luxury to focus full-time on trading, but it's a challenge to pace myself instead of diving in headfirst, which I know will lead to losses. I have enjoyed listening to Tyler's podcast while I am at the gym and admire the fact that he is able to practice without real money. However, that's not something I can consistently do. For about a month, I've been trading every morning but try to stop early to focus on studying and refining my approach. My goal is to develop a mixed strategy: starting with momentum day trading and, when the volume slows for the day, shifting to swing trading with a focus on options (which I am currently clueless about but see their potential). One of my biggest struggles is turning big green days into bigger red days due to carelessness. I've also fallen into the habit of averaging down when trades go against me, which adds stress even when it works out. For example, this week I had daily goals of $100, which going into today I achieved 3 out of 4 days. But on Wednesday, I lost $2,700 by being beyond reckless. That day I was up $600, thrilled, but took a quick loss that cut it in half. I chased it, ended up down $1,000, and chased a different stock until I was down $2,700 for the day. Going into today, I needed $1,942 to break even for the week—a huge longshot—but I found a situation I believed in, went all-in, and was up over $2k! I really should have stopped, but ended the day only up $402 due to a series of poor decisions on a stock that resulted in a $1,871 loss. Now, I'm down $1,540 for the week, which is frustrating, but could be worse. Next week, my goal is $200/day from day trading, but I'm aware that my losses may overshadow my gains if I'm not much more careful. (Sorry for rant but wanted to decompress in hopes the shame will help me to learn from my clear mistakes.)
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New comment 18h ago
1 like • 4d
@Jared Wilson would be happy to meet up virtually as an accountability partner. I am still paper trading but I dedicate 40+ hours a week learning and training. I trade futures for reference.
Crypto Trading?? Fell into the Rabbit hole, should I get out?
Hi All my name is Pete and I am new to the group, Stumbled upon the podcast/wiki, thanks @Tyler Stokes for creating this space and taking part in community dedicated to helping traders in their beginning pursuits. I was drawn to trading after leaving my 9-5 to study it full time in an attempt to create a work from home lifestyle. While exploring career options stocks and trading kept popping up and decided to take a course, not really conscious of the fact it was mostly centered around a community doing crypto based trading. I am feeling uncomfortable with the VPN/Legal/sticky aspects of the crypto world, but have learned some amazing strategies over the course of the past few weeks. Do I stay the course in crypto or reevaluate another option?? Would love to know your thoughts and feedback.
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New comment 3d ago
1 like • Sep 20
There is a community of people making serious gains on it, but from what I gather so far it is a way to get a lot of leverage and setup trading strategies with cross leverage that you might never be able to pull of with a small account in other markets. However, I am just not comfortable with the instability and chances to make an error when exchanging all the different currencies. So for now I will sink my resources into micro futures.
0 likes • 4d
Thanks for all the feedback everyone. I have moved forward with setting up an account to trade mini futures. I plan to start here and go live next year. I am still part of a crypto community so I will definitely keep tabs on it and who knows crypto laws may change sooner than I thought in the US?
Hi everyone
Hi everyone, it’s Akin from London. I’m glad to be here with you, and many thanks to Tyler for creating this environment. I’m in the early stages of learning and have a question about it. Is it really possible to learn Options and Technical Analysis in the first 6 months? The recommended books on these topics total more than 1,100 pages, which feels overwhelming to study and absorb properly. In this case, how should I approach these books or topics? Watching Tyler's videos probably won’t be enough, and starting the books from page one feels like reading The Lord of the Rings. I just need some guidance because I'll be starting with Options soon and, of course, Technical Analysis after that. Many thanks.
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New comment Oct 6
2 likes • Oct 6
Hi @Akin Altioglu and @Heather Clinger I started studying all these topics maybe a couple of months ago and think a great thing to pair with some deep reading ( I would strongly recommend Andrew Aziz “How to day Trade for a Living” before getting into more dense material like John J Murphy) is just downloading Trading View as quick as you can and just jumping into some charts to start learning mechanics. (Totally free you can just download and start exploring charts) I am a visual learner so for me this was essential off the bat to help me try out and see the things I was reading. Hope this helps keep you on track if your not already!
average cost of spread, fees or comissions??
Hi. today i have a question. I have been trading in my paper account in tradingview app. I have no idea if my wins are reflected after commissions or fees or spread?!!!. i think that commissions or fees aren't apply in paper account!!! My question is , how much on average are in percentage the total fees, comission and spread??? If I were a swing trader, what would be the total costs of each, for example, 10000 dollar trading (buy and sell)? Thanks.
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New comment Sep 25
1 like • Sep 20
@Mario Santos Here is a little bit of info I got from two different brokers for reference if you want to track it when you log your papertrading (what I plan to do) These are fees including contact, exchange, regulatory and overnight - THINKORSWIM - Per Trade : $2.59 = or $5.18 round trip per future - INTERACTIVE BROKERS - Per Trade : $2.50 round trip (you can also check out this link for more info at interactivebrokers: https://www.interactivebrokers.com/en/pricing/commissions-futures.php?re=amer )
AI/ML Accountability Partner
Hi, I am just learning about trading and been listening to the podcast. I am interested in taking some of my background knowledge in machine learning and artificial intelligence algorithms for chemical analysis and using these techniques to test models in the market. I would like to find an accountability partner to work with that would be interested in meeting bi-weekly to chat about ideas and progress. Thank you.
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New comment Sep 20
1 like • Sep 20
Need 10 more minutes
1 like • Sep 20
Will join when I get home sorry for the delay
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Peter Osborn
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2points to level up
@peter-osborn-8496
Hi I am an entrepreneurial minded guy looking to become a full time day trader. I am switching career goals in pursuit knowledge about day trading.

Active 4d ago
Joined Sep 7, 2024
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