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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 12h ago
Accountability partners
Hi all, I am learning to trade the strategy outlined in the wiki on real day trading. I have read through the wiki and begun paper trading. I’m a little negative at -$1.26 with a 47% win rate across 19 trades. Hoping if I post this out to the world it will force me to take more time on my analysis as I am a bit lazy. I want to post a conclusion and analysis on my trading for each week. Currently I am reading through technical analysis of the financial markets by John Murphy. I have read trading in the zone by Mark Douglas and I try to watch all the oneoption YouTube videos released on Sundays and Wednesdays. Im in the uk so market opens at 14:30 here. So I try to paper trade and study at work when I can and get an hour or two at home to close my trades before heading to the gym. Purely trading the strategy written in the wiki. Hope someone else is doing the same. Cheers 📈
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“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 22d ago
New Today
Hello everybody ☀️My name is Kira. I am currently living in Portugal where I enjoy the sun, beach and delicious food and I work remotely from home. I have just joined this community and am super happy to find a place where I can learn about trading. Actually it’s because I’ve started trading futures 10 days ago because of a friend who has been doing it. It’s exciting and I was thinking…. I don’t just want to follow signals of other people, I want to understand all that is behind those decisions 😁🫣 For me this means that I have to start with the basics, just like Tyler did. My plan is to take enough time to learn things before I become a real (great) trader. 2 years seems long but I’m sure they will fly by quickly ! And I think I found the right path with this course and all of you👍🏼 Have a great weekend 😘 Anybody else starting this week? Knowing nothing about trading? 😵‍💫🤣
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New comment 30d ago
Beginning Paper Trading
I wanted to see if anyone else in this group is around the same point in their journey as I am; mostly so we can ask questions to each other and discuss. For example, I just started paper trading and am keeping it extremely basic and will slowly add more technique to my paper trading as I go. And today I was able to find a stock that had relative strength to SPY so I went long on it but I got in a bit too early and then it wasn't very clear to me when to exit either. I did take my fake profit but just trying to learn from every trade to improve. Just curious if anyone else is beginning paper trading and trying the relative strength method from RealDayTrading.
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New comment Oct 18
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Day Trading for Beginners
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