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/biz/ - Business & Finance

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18934377 No.18934377 [Reply] [Original]

Day trading is so hard what the fuck am I doing wrong

>> No.18934392

We've been telling you all along. Buffett's advice IS the answer.

>> No.18934405

Do the exact opposite of everything you’re doing

>> No.18934419

>>18934377
just go long bro we are going to 12k

>> No.18934431

>>18934377
Just buy and hold tard.

>> No.18934435

>>18934377
>what the fuck am I doing wrong
Day trading

>> No.18934456

>>18934377
what exactly are you using/doing ?

literally set a stop loss every time

>> No.18934460

>>18934431
not now tho lol

>> No.18934470
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18934470

>>18934377
diversify

>> No.18934479

>>18934405
>wants to long bottom 4k btc
>does the opposite and shorts

>> No.18934515
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18934515

>>18934456
I find a stock with a consistent uptrend and buy once it confirms a cross over the SMA
Then as soon as I do it just plummets back down again

>> No.18934529
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18934529

>>18934377
Buy tech stocks during this bullshit. Real commodities are useless currently. Just look at Roku, that shit was at 117 bucks this week and now its at 137. I did a little day trade and sold at 124. Now its going to shoot back to 160 since the quarterly reports say its making money

>> No.18934559
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18934559

>>18934377
>daytrading
Go back to work stop your wasting time

>> No.18934568

>>18934435
This. Just buy and hodl, you can't beat the market.

>> No.18934579

>>18934568
I can and I will

>> No.18934606

>I’m trying to predict when people will click buy and sell down to the exact second
>why am I not a precog wtf???

>> No.18934632

>>18934559
Let him learn you absolute luddite

>> No.18934657

>>18934632
Learning daytrading?
More like developing a gambling addiction

>> No.18934656

>>18934515
That's it? That's all you're doing to get into something? Where's your price action patience? Where's your TA? Where are your cross referencing indicators?

>> No.18934674

Just buy ANJ and you gonna make it

>> No.18934679

>>18934515
Why don’t you short the golden cross and buy the death cross on a pullback?

>> No.18934690

>>18934377
>buy on red
>sell on green

i know this and i literally can't do it either

>> No.18934700

>>18934656
This is /biz/ right? Why the fuck would we know what any of that shit means?

>> No.18934701

You are going to owe more in taxes than you make, moron

>> No.18934713

>>18934377
step 1
>finds some combination of indicators that looks good, maybe even backtests
step 2
>fails, looks to find someone who is "successful", maybe buys a course
step 3
>fails, back to step 1

if you are trading anything but s&p or naz, youre throwing your money away

>> No.18934780

>>18934515
>>18934515
>like market makers cant just put a MA on their charts and pump or dump the cross and eat your liquidity for breakfast
read wolong

>> No.18934821

>tfw testing a model that hasn't been wrong yet

Lets fucking go /biz/. About to retire young.

>> No.18934841

>>18934479
>...
>makes profit

>> No.18934865

>>18934377
day trading is honestly like surgery you can't just jump into it lmao youre better off just following the trololo trend line buying low selling high

>> No.18934896

>>18934377
You're doing nothing wrong, you are in the realization process that the probabilities to lose money are higher than making money when day trading is performed by little retail investors without proper information but therefore spreads and fees from your broker.

>> No.18935077

>>18934377
sexuality has alot to do with it i heard
try not being a faggot

>> No.18935115

You want a real answer? You're being greedy, hasty and emotional

I day trade for a living and can tell you that you will have a training period in he beginning where you do everything wrong

If you're a moron this period can last forever though so use caution.

>> No.18935204

>>18934559
Why do none of those women look like they actually hace a job.

>tfw its mainly women who want their husbands to get out of the house

>> No.18935223

>>18935115
If you don't mind me asking,

How much do you make a year?
How long was your failure period and how much did you loose?
How do you stop yourself from buying with emotion? Like I said earlier, I have a bad habit of seeing that SMA confirmation and jumping in regardless of other factors.
What are the best indicators other than SMA and RSI I should be looking out for?

If I'm going to be honest. I have been only trading with paper money so far as I practice. Haven't had the balls to use real cash yet since so far I'm only getting losses. Do you have any other advice you can give?

>> No.18935326
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18935326

>>18934377
get a long term target price in mind. just one price. and never look back untill its reached your desired price

i repeat LONG TERM

pretty much everytime i sway from my plan i end up losing money.

>> No.18935344

>>18935223
he is disabled and living with his mother, pretending to be a productive human being

>> No.18935368

>>18935326
if you wanna day trade, pretty much you can do the same thing. but its faaaar more stressfull and you might end up not beating your longterm plan which would feel like an absolute waste of energy. if you enjoy daytrading however. go ahead

its pretty difficult in my personal experience

>> No.18935389

>>18935344
>
some day traders can reliably make $500 a day

>> No.18935406

>>18934377
Honest answer: forget about day trading. Big firms pay premium prices for certain properties in nyc just so the line to the servers is that bit shorter. They have bots running doing their day trading in the fractions of a second. You sitting there, thinking bullish, bearish, buy sell, ... you stand no fucking chance.

>> No.18935412

>>18934515
>once it confirms a cross over the SMA
What is your confirmation indicator?

>> No.18935446
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18935446

Day trading is making steady profits every day for a week straight then losing more than half on an unforeseen spike. I'm really not sure if I'm doing better long or short term but short term is too fucking stressful to even bother sometimes.

>> No.18935464

Just be confident bro

>> No.18935466

>>18935389
if that was true then they could make $50000 reliably a day. you chose $500 because you're retarded and believe others who are slinging nickels and getting lucky occasionally. or maybe that's you.

>> No.18935488

>>18934377
you're just doing day trading, that is a complete meme and a non-sense

>> No.18935534

Easy. Buy a stock once you see pink wojacks on /biz/. That measn it has crashed, and it is safe to buy. It will bounce back. Don't buy when you see green wojacks, that means the train has already left you behind and you'll be buying the peak. It's that easy. You won't get 200% gains, but it will make sure that you win almost every time. ,thread/

>> No.18935545

>>18934529
>Buy tech stocks during this bullshit. Real commodities are useless currently.
why?
>>18934529
>Now its going to shoot back to 160 since the quarterly reports say its making money
How is it making money that coronavirus is shitting?

>> No.18935575

>>18934713
>if you are trading anything but s&p or naz, youre throwing your money away
why?

>> No.18935638

>>18934377
Day trading is just gambling. The only way to reliably make money is to buy and hodl.

>> No.18935651

>>18934377
ok listen up
>your only friend is volatility
tight SL until you find the short term trend, scalp fast. Dont ever fight the fucking trend Do You Hear Me?
stagger you sells when you make profit and make sure you cover, after that it doesnt matter

you arnt swing trading, youre trend scalping.
be fast but not reckless, look for daily supports and trade between

>> No.18936467

>>18934377
DCA bro.
TIme in Market, not Timing the Market, bro.
Just work 50 years, and let the dividend compound, bro.

>> No.18936568

>>18935651
>stagger profits
like take 1/4 when it's up 5%, another 1/4 when it goes up another 5%? like so?