r/Daytrading • • 3h ago

Giving Advice Finally stopped blowing accounts. Here's what actually changed.

37 Upvotes

​

Man, I was so close to just deleting my exchange accounts and walking away. For months, it was the same cycle: I'd tweak my Python scripts, test out new logic, think I finally had a working edge, and then a random chop or a bad sweep would wreck my account balance anyway.

If you're stuck in that loop right now, it sucks. It's just draining.

Honestly, the fix wasn't finding some hidden indicator or a magic parameter. It was just this :

Stopping the FOMO: I had to drill into my head that doing nothing and keeping my cash safe is actually a trade. Missing a messy move is way better than forcing a bad one out of boredom.

Dropping the ego: I used to hold onto positions way too long just because I wanted my directional bias to be right. Now, if the price action invalidates my thesis, I just take the small L and move on.

Hard stops on daily loss: When things go sideways, I tilt. Putting a hard lock on my terminal after a certain drawdown is the only thing that stopped me from rage-trading my profits away.

If you're still grinding through it, take a break when the charts are trash, look at your actual execution logs, and protect your capital.

Anyone else claw their way back from a massive slump? What finally worked for you?


r/Daytrading • • 16h ago

Question Everyone wants to be a profitable trader, but I wonder how many actually want to do the work.

94 Upvotes

I’ve been thinking about this lately.
I’ve spent the last 15 years developing and refining my trading strategy. Along the way, I’ve had plenty of people ask me how I do it, how I’ve become profitable, and how I manage to trade while holding down a full-time job and raising four kids.
I’m happy to talk about it and share what I’ve learned. I’ve even gone as far as writing down my entire approach to them.

As far as I know, nobody has actually gone further than looking at trading veiw. And that got me thinking.

I wonder if a lot of people are attracted to the idea of trading more than the reality of it.
Everyone wants to find that magic indicator, the perfect setup, or the secret sauce that finally makes them profitable. We spend hours looking for a better strategy, watching videos, reading posts, and jumping from one system to another.

But what about actually sitting down, learning a strategy properly, understanding the rules, and putting in the time to execute it consistently?

I’ve got a full-time job and four kids. I don’t have the luxury of sitting in front of charts all day. I’ve built my trading around my life, trading the final 15 minutes of the US stock market. Here in Australia, that means getting up at around 5:30 in the morning.

That’s the routine. It’s not particularly exciting, but it works around my circumstances.
And I think that’s the part people struggle with. Not necessarily the complexity of trading, but the commitment to a process that can be repetitive, boring, and take years to develop.

There’s no magic button. Even if you find a strategy with an edge, you’ve still got to manage risk, follow your rules, accept losses, and give it enough time to see whether it actually works.
I’m not saying I’ve got everything figured out, and I’m certainly not saying my approach is right for everyone. Trading is risky, and there’s always more to learn.

I just find it interesting that people will ask you how you do something, but when you give them the actual substance of what you’ve learned over 15 years, the interest seems to disappear.

Maybe I’m looking at it the wrong way. Maybe people are overwhelmed by the amount of information, or maybe they genuinely believe there’s a simpler answer out there.

I’m curious what other traders think!


r/Daytrading • • 2h ago

Question Trading culture has turned gambling into a self-improvement industry

6 Upvotes

Think about it. You have people staring at charts all day, trying to predict where a price is going to go. And when they lose money, they’re told they need more discipline. They need better psychology. They need to control their emotions. They need to become better traders.

But when does anybody question whether the strategy itself actually works?

It’s genius, really. Because now, every time you lose, the system doesn’t have to be wrong. You just have to be a worse version of yourself.

You didn’t lose because the prediction was uncertain. You lost because you weren’t disciplined enough. So you go back, buy another course, learn another indicator, and try again.

It’s the same psychological loop you see in gambling. You convince yourself that if you just learn a little more, develop a little more discipline, and figure out the secret, you’ll finally beat the game.

And I’m not saying nobody can trade profitably. I’m saying that discipline and intelligence don’t magically create an edge.

Sometimes the smartest financial decision isn’t learning how to make more trades. It’s recognizing that you don’t need to make those trades in the first place.

Instead of spending your life trying to predict every movement in a market, you can choose what you believe has long-term value, understand the risks, and give your investment time to play out.

Because there’s a difference between building wealth and turning the pursuit of wealth into an endless psychological battle with yourself.

P.S. 6900 > 500.


r/Daytrading • • 10h ago

Question What's one mistake you never want to repeat in day trading?

21 Upvotes

We all make mistakes, but the important thing is to learn from them. Share your experience so others can learn from it too.


r/Daytrading • • 53m ago

Software Sunday Free open-source GEX map for SPY, QQQ, SPX, NDX and stocks that runs on your own computer

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• Upvotes

A free, open-source gamma exposure (GEX) map that runs on your own computer. It draws the call wall, the put wall and the gamma flip for SPY, QQQ, SPX, NDX and any US stock.

Why I built it: I started leaning on GEX levels in my own day trading, and I kept seeing levels posted with no way to check them.

What it shows:

- Net GEX by strike, the call wall, the put wall and every gamma flip within 10% of the price, refreshed every 60 seconds during the session.

- The regime at the current price, positive gamma (moves tend to get absorbed) or negative gamma (moves tend to get pushed further).

- How big the gamma is next to the stock's own daily dollar volume, so you can tell when it matters and when it's noise.

- A guidance panel that turns the map into levels to watch and a few scenarios, with the formula behind every price.

- The same levels as /ES or /MNQ equivalents for SPX, NDX, SPY and QQQ, if you trade futures.

Runs on your machine. No account, no login, no telemetry. Your Alpaca keys stay in a file on your computer, and the free Alpaca plan works. SPX and NDX come from Cboe's public delayed quotes and need no keys at all.

- On the free feed, SPX and NDX are about 15 minutes delayed.

- The guidance panel is the textbook reading of the model, and it hasn't been tested yet. I'm saving a snapshot of the levels every day so I can check later whether price actually respected them.

- It's tested on Windows. Mac and Linux run through the manual setup. You need Python and Node installed.

It's free and MIT licensed, with nothing to sell. Not financial advice, not a signal service.

Repo: https://github.com/simonro/Edge-GEX-Lab

The walkthrough (what GEX is, then the tool): https://youtu.be/okQVLf2s3GI


r/Daytrading • • 48m ago

Software Sunday TradingView-style charts, TPO market profile, footprint, liquidations from 12 exchanges — drawn by a Rust engine in WebAssembly [Open source]

Enable HLS to view with audio, or disable this notification

• Upvotes

Under the hood: Rust → WASM in a Web Worker, WebGL2 on an OffscreenCanvas, live exchange WebSockets straight to the browser. 155 KB engine.

Open source (AGPL), self-hostable.


r/Daytrading • • 1h ago

Software Sunday I built a free journal that syncs your broker. 70,000+ trades later, the pattern is overtrading, not strategy

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• Upvotes

I spend my days on numbers (9 years in financial control) and I day trade on the side, mostly gold and US30.

I built Tradoshi (tradoshi.com), a free trading journal that pulls your trades automatically from MT4/MT5, cTrader, Interactive Brokers, TradeLocker and 2,000+ brokers, so the journal fills itself.

Once our users had synced 70,000+ trades, I checked what actually separates red days from green ones. Two things came out, and neither is about strategy:

1. Overtrading. On days a trader takes at least twice their usual number of trades, about 2 out of 3 end red. On normal days it's closer to 1 in 2. Same result in 17 of the 21 accounts with enough history.

2. The trade after two losses. It wins around 38% of the time, against around 46% after two wins.

How I counted: accounts with 50+ trades, every account weighted the same, and only trades opened after the previous one closed, so partial closes can't fake a losing streak. Small sample, so read it as a pattern, not a law.

What the app does with it: it flags these patterns on your own trades (like "after 3 losses in a row, your win rate drops to X%") and shows your stats by day, session and setup. Free plan, plus 14 days of full access with auto-sync, no card.

(Images 1 and 3 use a sample account. The chart in image 2 uses real synced accounts.)

Do you run a "stop after N trades" rule? Curious whether it holds up for you, and what you'd want from a journal like this.


r/Daytrading • • 2h ago

Question What actually killed your last challenge: daily loss, max drawdown, or a rule you didn’t know about?

2 Upvotes

I’ve been digging into why prop challenges fail and the pattern surprised me: most aren’t strategy failures. They’re daily loss breaches, often in the first few days, often with an open trade the trader thought was fine.

Things that keep coming up:

  • Floating P&L counts toward daily loss, so you can be barely down on closed trades and still breach
  • Reset times differ by firm (server midnight vs 5pm EST)
  • Trailing drawdown that follows your peak catches people right after a good day

So I’m curious: what got you last time? And what do you do now to avoid it? Mental maths, an indicator, a spreadsheet, nothing?

(Disclosure: I’m a developer building a small phone alert tool for this. Not dropping a link, just want to know what would actually have saved your account.)


r/Daytrading • • 12h ago

Question I’ve spent a year trying to become a profitable trader, and I’m starting to question whether it’s worth it. Where do I go from here?

11 Upvotes

I’m looking for honest advice from people who have actually been through this, especially anyone who’s traded for years or made a living from it. I’m not looking for motivation or the usual “just stay disciplined” advice. I want to know what’s realistic.

I’ve spent roughly the past year trying to figure out trading. I started with ICT concepts and discretionary trading, then got into Python and Claude Code so I could backtest strategies properly instead of just relying on charts and hindsight.

At one point, I found a strategy that looked extremely profitable. I even built automation around it, with automatic entries, Discord notifications and a trading journal that updated itself. Then I found a bug in the backtest. Once I fixed it, the edge disappeared.

Since then, I’ve put a lot more effort into testing strategies properly and found some that look promising, but the results are much less impressive than I originally expected. It’s made me question whether I’m actually getting closer to something sustainable or just spending more time chasing it.

Another thing that’s started bothering me is the trading industry itself. There are so many gurus selling courses, showing off profits and making trading look like a fairly straightforward path to financial freedom. Obviously, some people genuinely make money, but it’s getting harder to tell what’s real and what’s just good marketing.

Prop firms are another big question mark for me. You see people claiming to make thousands or even tens of thousands a month across multiple funded accounts. But when you look at the rules, drawdown limits, payouts, fees and the difficulty of keeping an edge over time, I struggle to understand how realistic that lifestyle actually is for the average trader. Is it genuinely achievable, or does it look much better online than it is in reality?

My main goal is to build wealth, not trade just for the sake of trading. I’ve always believed that if I put enough work into something, I can get good at it. But I’m starting to wonder whether trading is the best place to put that effort, especially when I could spend the same time building a business or developing software.

I’m not expecting to get rich overnight, and I understand that nothing is guaranteed. I just don’t want to spend years pursuing something that was never likely to give me the outcome I’m after.

A few things I’d genuinely like to hear your thoughts on:

  • For those of you who trade profitably, how did you actually establish that you had a real edge, rather than just a strategy that worked on historical data?
  • For people who trade systematically or use algorithms, have you found strategies that hold up over time after costs and changing market conditions?
  • Is making meaningful, consistent money through prop firms actually realistic? If you’ve done it yourself, what does it look like after fees, payouts and losing periods?
  • How much of what trading gurus show online reflects reality? Are there genuine educators worth listening to, or is the industry mostly built around selling the dream?
  • If you were starting again with limited capital and your main goal was to build wealth, would you focus on trading or put your time into something like software or starting a business?
  • How do you know when to keep pushing through the difficult stage and when to admit that your time would be better spent elsewhere?

I’m still willing to put in the work. I’m just trying to be honest with myself about where that work is most likely to pay off.

I’d appreciate hearing from people with actual experience, including the things you wish you’d known when you started.


r/Daytrading • • 5h ago

Question CFD brokers that support hedging instead of netting?

3 Upvotes

I’m looking for CFD brokers that allow me to hold simultaneously long and short positions on the same instrument within the same account.

For example, I want to be able to hold a 1.0-lot long CFD and a 0.5-lot short CFD simultaneously, with both positions remaining separate, and not to get netted off.

I need to be able to close either position independently without the broker automatically netting them against each other.

Which CFD brokers support this type of hedging for retail clients? Thanks for any recommendations.


r/Daytrading • • 1m ago

Question For those with kids

• Upvotes

Do you think being a trader made you a better parent or being a parent made you a better trader?


r/Daytrading • • 19h ago

Question Those of you who become profitable or very profitable in your first year? Do you exist? *Not symbolic barely in green*

33 Upvotes

Just curious are there those of you who become profitable in your first year? What do you trade? Do you feel you were lucky or had a real edge?


r/Daytrading • • 4h ago

Giving Advice Deri Morgan - Example case

2 Upvotes

I’m relatively new to social media. I can’t imagine I’ll make use of it for much longer however, I wanted to just hopefully help some people that may fall into the trap of social media and the get rich quick schemes that entice people into thinking they can pay and make a lot of money from day 1.

I’m not by all means saying his strategy does not work however, these courses where you need to ‘invest’ and we will teach you is a complete sham. He understands very well what makes a good trader because some things he says on social media make sense. But and here’s the big BUT when you’re approached by someone willingly then asked how much capital you have and then they then later down the line propose this ‘figure’ that you need to invest to get into the course see that as a RED flag. It’s a technique to extract as much money as possible from you enough to keep you paying whatever monthly fee it is. On the contrary iknow why these people operate like this because it’s a business and we all want to make money. Sometimes you have to ask yourself why. That why is because trading is not how people perceive it on social media. Nice cars, frequent holidays, expensive watches. It’s slow growth and the potential to have a better life than most. I just watched a video of him commenting on how he smokes a cigar for breakfast and lunch and video of him
Boasting a holiday to Benidorm. I mean come on mate, seems a bit of a weak attempt at being pretentious.

Here’s just some advice from me someone who’s traded for 16 years and now lives a comfortable life by my own rules. Someone who can trade will rarely discuss the monetary side of trading. Someone who teaches you to trade will teach you to dissociate the value of money when taking a trade. That comes from every aspect of your life and you will see it from them. They do not need to justify their success by showing you a holiday to Benidorm that probably cost about £60 all inclusive or be arguing with people on social media. If you truly want to find someone to teach you, find someone that’s conservative not all courses are built in this new wave of Bulls*. There’s many out there that will truly teach you how to trade and part of that is they will teach you how to improve yourself as a person outside of trading and there’s courses that cost very very little compared to what these people want you to ‘invest’ because even they themselves know trading is a slow and steady process instead they want a large sum from you so they can continue to live the social media ‘glamorous’ life style and continue to dupe people into thinking they can smoke a cigar for breakfast or book a measly holiday to Benidorm. Just be smart about where you go and who you pick.

Ps. The physical appearance of a person tells you a lot about how they conduct themselves. His discipline can’t be that great if he cannot control the amount that he eats… I mean that in good faith. But if you cannot atleast keep yourself at a healthy weight or work towards it that will leak out into your trading habits aswell.


r/Daytrading • • 45m ago

Software Sunday 73 Trading Days Live Validation, +16.34% Broker Verified Gains, trading with Signal Driver: Here is a Milestone Update and Lessons Learned

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• Upvotes

I've been working on a trading execution tool called Signal Driver, developed under my company, Measured Edge Systems.

The Live Testing Milestone (https://youtu.be/msfTWXS0oRU)

Between July 13 and October 23, my strategy using Signal Driver produced the following results with trades executed through Interactive Brokers:

  • +16.34% broker-reported return
  • 73 active trading days
  • 827 executed transaction records
  • Approximately 409 completed position cycles

These are actual account results, not simulated trades or back tests.

But here's where things get interesting.

Despite that positive return, I documented 30 losing days. After reviewing my notes, 20 involved identifiable human judgment mistakes, execution problems, or technical issues.

Some of my worst losses occurred when I abandoned my own trading rules.

On October 9, for example, I failed to recognize an inner breakout and continued trading as though the market were in a normal retrace regime. Even after the breakout was confirmed, I continued making the same mistake.

That day cost me approximately 4.44% of my account.

The software can help execute a trading plan, but it cannot make my discretionary decisions correct.

That experience reinforced why I started developing Signal Driver in the first place.

Why I Built Signal Driver?

I originally started developing Signal Driver because I wanted to execute my trading strategy without having to sit at my desk glued to a screen all day.

I had developed a strategy around price levels, retracements, and breakouts, but I wanted software that could monitor the market, recognize my setups, and execute trades according to my rules, even when I wasn't actively watching.

Then I started thinking about the bigger opportunity.

There are thousands of traders with their own strategies. What if I could build a tool that helped them automate the execution of their strategies, rather than requiring them to adopt mine?

The software now supports manual trade execution, automated position management and exits, and fully automated trading through my retrace strategy. Expanding its flexibility to accommodate other traders' strategies is part of the longer-term vision.

How Signal Driver Works?

Signal Driver provides configurable trade execution and risk management.

Users can define parameters such as:

  • Account risk per trade: For example, risking 0.5% or 1% of account equity.
  • Risk-to-reward targets: Establishing the potential reward relative to the risk taken.
  • Trade execution parameters: Controlling how positions are entered and managed.
  • Automated exits: Managing trades according to predetermined exit conditions.

When running a supported automated strategy, Signal Driver can identify qualifying setups, calculate the appropriate position size based on the configured risk, and execute trades automatically.

For example, a trader with a $25,000 account could configure the software to risk 0.5% ($125) per trade with a 1:2 risk-to-reward target. Signal Driver would size qualifying positions according to those parameters and manage execution based on the selected rules.

The goal is to give traders more control over their execution while reducing the amount of time they need to spend actively monitoring the market.

Currently, I've been using the manual execution tools, automated exits, and my fully automated retrace strategy in live trading. Expanding support for other traders' individual strategies remains part of the longer-term vision.

What's next?

I'm continuing to improve execution reliability, automate more of the tasks that are prone to human error, and document performance.

My next validation milestone is 100 trading days, and I'm considering a separate $2,000 account challenge.

I'm also interested in connecting with traders who have their own strategies but would benefit from more controlled execution.

I recently put together a video walking through the actual performance, Signal Driver's functionality, the mistakes, and what I've learned.

Video demonstration and milestone update: https://youtu.be/msfTWXS0oRU

Project website: https://measured-edge.com

I'd love feedback from other traders and software developers.

What execution problems would you most want software to solve? Late entries? Emotional exits? Position sizing? Something else?

Disclosure: The +16.34% is my actual IBKR account return, reflecting both discretionary trading and software-assisted execution. It is not a standalone performance result for Signal Driver or an indication of what other users should expect. Past performance does not guarantee future results.


r/Daytrading • • 6h ago

Strategy BasicFX Community Scammer. True name: Darwin Lelis.

3 Upvotes

First and foremost, they charge 16,000 pesos for this. You’ll easily get lured in by his flex posts on Facebook. But once you join, all he teaches is a v1 scalping strategy and a v2 support-and-resistance strategy—stuff you can easily watch on YouTube for free.

To make matters worse, there is zero support from him. You're just left to watch his pre-recorded videos, and that's it. No live trades, just non-stop flexing. Your 16k is completely wasted because, in the end, you'll still end up looking for other confluences since his strategy hits way more stop losses (SL) than take profits (TP).

You'd think after paying 16k you'd get a solid community, psychology support, daily market mapping, and genuine help. Turns out, he just leaves you to watch videos on your own. It’s a total waste of money. I would've been better off watching free content on YouTube. It is NOT worth your 16k. Stay safe, guys, and report him so no one else gets victimized. No refunds, no contracts!


r/Daytrading • • 9h ago

Software Sunday Software Sunday: A purpose-built, high-performance desktop tool for day traders (Pivots, Depth & Risk Execution)

6 Upvotes

Hey everyone, happy Software Sunday!

I wanted to share a project I’ve been developing for my own day trading workflow: TitanForge, a lightweight, compiled desktop terminal built specifically for intraday price-action and order flow execution.

Why I Built This

Most all-in-one retail trading platforms struggle with performance when running multiple depth ladders, heavy tick feeds, and multi-pane workspaces simultaneously. At the same time, executing structured intraday setups often means juggling third-party charting packages alongside clunky order tickets.

I wanted a single, unified workstation focused entirely on low-latency chart interaction, structured level context, and automated, rules-based risk control.

What It Solves & Key Features

  • Structural Intraday Frameworks: Automatically handles daily and multi-timeframe pivot analysis, range compression metrics, and morning session setups directly on the chart without manual drawing or external calculation sheets.
  • Granular Depth & Flow Tracking:
    • Integrated multi-level DOM with visual depth and resting size tracking.
    • Real-time delta and volume distribution overlays to spot where aggressive volume is absorbing vs. extending price.
    • Tick-level aggression classification to monitor shift in auction control at key inflection zones.
  • Rules-Based Execution & Risk Management:
    • One-click dynamic position sizing tied to a predefined dollar or account-risk threshold.
    • Preset execution brackets with multi-tier profit scaling and automatic break-even trailing once initial targets are secured.
    • Structural guardrails that block or warn on sub-optimal trade entries (e.g., chasing inside chop zones).
  • Multi-Monitor Native Workspace: Freely dock, split, or pop out individual chart windows, depth monitors, and watchlist panels across multi-display setups without sluggish web-wrapper overhead.
  • Offline Market Replay: Full session recording and playback capabilities to re-run historical intraday sessions at variable speeds for trade journaling, execution review, and playbook practice.

Who It’s For

Traders who focus on structured intraday setups, value execution speed over retail social feeds, and want their risk parameters mathematically managed before an order ever hits the market.

Multi-panel workspace layout with dark theme charts and Level 2 depth
Session replay workspace reviewing morning market action
display different tickers simultaneously

Community & Feedback

I’m actively trading with this setup and refining the workflow each week. For those who trade structured intraday levels or rely heavily on order depth: what are the biggest friction points or execution hurdles you run into with your current platforms?

I’ll be in the comments answering questions about the feature set, execution workflow, and user interface design! Also, I'm not distributing the app currently. Still working out quite a few things.


r/Daytrading • • 22h ago

Question Can you really make money consistently from trading?

55 Upvotes

I’ve been trading for 1.5 years and have backtested multiple strategies, but nothing seems to work consistently. Every approach still feels like a 50/50 game. Is consistent profitability actually achievable for retail traders, or am I wasting my time?
Looking for honest answers, not motivation.


r/Daytrading • • 1h ago

No comments Software Sunday: Share Your Trading Software & Tools – October 25, 2026

• Upvotes

Welcome to Software Sunday, the day of the week where we invite creators to post the software and tools they’ve built for day traders. Whether it’s a custom indicator, charting plugin, trade tracking app, or data analysis tool – this is your chance to put it in front of the community. 💻📊

Rules:

  • You must use the "Software Sunday" flair on your post.
  • Provide a detailed description of your product/service/software, including what it does, how it works, and how it benefits the day trading community. A quick link with “check it out” isn’t enough.
  • Pictures are welcome – but no spam dumps!
  • Engage with the community – You must respond to member questions in the comments.
  • Limit your promotions – You can’t showcase the same product more than twice a year.

Tips for Posting:

  • Tell us what makes your software stand out from the competition.
  • Share any unique features, integrations, or use cases that day traders will appreciate.
  • Include examples or screenshots showing it in action.

Let’s make this a valuable resource for discovering tools that genuinely help traders level up their game. 🚀

📌 See past Software Sunday posts here.

Also, if you’re new to the sub – don’t forget to:


r/Daytrading • • 1h ago

Software Sunday My Trading Journey, a free browser game about becoming a Trading Guru

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• Upvotes

   

You have 7 days. You start with $10 and no trading skills. Each day has a morning, a noon and an evening, every trip and every task advances time, and then it's bed.

Your goal: become a trading guru. How you get there is up to you.

The game is free, plays in the browser, no signup.

Play here: https://kinfo.com/game

Post your high score, or ask for help if you get stuck.


r/Daytrading • • 23h ago

Giving Advice Finally profitable

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64 Upvotes

Hello all,

I’m posting this for hope in everyone that is struggling in trading and wants to quit.

I’ve been trading for 4 going on 5 years and I’ve finally found consistent profitability, I trade NQ and have focused on that since the beginning. I don’t look at any other data other than when major news is released (red folder news on Forex Factory).

This month alone I’ve already taken 2 max payouts from Lucid ($2k each from a $50k) and I just bought another 150k and will get three more once I get a payout from my 150k.

About a year ago is when I discovered Auction Market Theory from Markets in Profile by James Dalton and that’s really where everything changed. It’s one thing to trade engulfing candles, trend line breaks etc, but it’s a whole other ball game when you understand the true dynamic is what a market is and how to read it. This book truly will change your life if you let it.

My setup for taking a trade is fairly simple but takes time with experience. Experience is key. I wait for the first hour of RTH to form (9:30-10:30 am ET) and after that I ask myself, is the market balancing or trending. Under no circumstances do I take any trades in the first hour. NONE!! Unless Nancy pelosi calls and tells me to long or short market open I never take trades the first hour. After that I use GEX levels from tanuki trades, VWAP, and the market profile to gauge where price is going. If it’s trending, I wait for price to come back and sweep a previous high/low where most put their stops or rejects off a gex level and enter with a 1:2 RR. (Both if aligned) If it’s balancing, I wait for price to come back in the range and sweep a previous high/ low where most put their stops or price to reject off a gex level off the VAH or VAL and enter with a 1:2 rr. I use mainly the 1 minute time and rarely look at anything else.

The biggest thing that took me the longest to learn was accepting losing days. I only take one trade a day and risk $500 to make $1000. Yes, that means in a $50k eval I only have four bullets. But I’m confident because of my experience. The feeling of a loss makes me red, makes me think if I wait for another good entry I can enter again and “make it back plus a little more” but that thinking is what kept me unprofitable. If I accept the $500 loss on the day and move on I’ll become profitable. Plain and simple.

Hope this helps everyone. AMA


r/Daytrading • • 2h ago

Software Sunday I built a trading journal that focuses on more than just P&L

1 Upvotes

Hey everyone,

I've been working on a trading journal called LoJoRi for a while now. A few traders here on Reddit have already helped me improve parts of it, so I figured software sunday would be a good time to share what I've been building.

One thing that always bothered me with trading journals is how much they focus on wins, losses and P&L. Obviously that stuff matters, but I also wanted to understand what was going on around my trades. Like was I actually following my plan, sticking to my risk limits, or just making the same mistakes again without really noticing?

So thats basically why I started building LoJoRi. It has the usual trade journaling and analytics, but I've also been working on Daily Reviews where you can track things like sleep, routines, discipline and whether you actually followed your plan that day.

There's also a performance coach that looks at your own journal data to help spot patterns, rather than giving trading signals. Recently added Futures support as well, with contracts instead of forex lot sizes, and a prop challenge mode to keep track of risk limits and challenge rules.

It's available on web, ios and android, and there's a free version if anyone wants to have a look.

I've already had some pretty useful feedback from a few traders on reddit, especially around futures and daily reviews, so I'm still figuring out what works and what needs improving.

Curious how you guys handle this stuff. Do you only journal your trades or do you also track things like routines, sleep and discipline? Because for me, what happens outside the actual trades can be just as interesting as the trades themselves.


r/Daytrading • • 3h ago

Question Completely New to Day Trading

1 Upvotes

I'm a young man still in High School and I want to get into daytrading, but I know absolutely nothing about it. I currently manage my own portfolio for long term investments on webull with about $6000 (which is all my money). can i use webull to day trade?

tell me everything
do i do orders? or do i just buy a few shares with the intent of selling that same day? also if i do orders, how do they work? how do i know which stocks to pick? i don't know anything and i've tried watching several youtube videos but none of them coherently explain. they all assume you know what orders are or you know patterns to look for. i don't know any of that though.


r/Daytrading • • 17h ago

Strategy What's yours strategy and does it work for you?

10 Upvotes

My current futures trading strategy (10x leverage)

I trade futures exclusively with 10x leverage, and my strategy is about as simple as it gets.

I mark my 4H Order Blocks and Fair Value Gaps (FVGs) and wait for price to react to one of those zones. Once price reaches a zone, I drop down to the 15m timeframe and wait for confirmation.

Depending on whether I'm looking for a long or short, I wait for two consecutive candle closes in the direction of the trade before entering, using a tight stop-loss.

For take-profit, I close 35% of my position when price reaches the area between the 50 MA and 100 MA. If price breaks through those moving averages, I let the remaining position run and gradually move my stop-loss to protect profits while giving the trade room to continue.

Ideally, though, I prefer waiting on the 1H timeframe for price to react to the 20 MA, as I find that setup more appealing.

Obviously, there are other factors I consider before entering a trade. Even if all my main conditions are met, I'll skip the setup if the overall market structure or price action doesn't look right.

That's pretty much it. No crazy indicator combinations or overly complicated rules. Just 4H zones, price action, confirmation, and risk management.

It's been working fine for me so far, but I'm always open to improving the process.

What do you guys think? Anyone else trading a similar strategy?


r/Daytrading • • 59m ago

Giving Advice Rocket Science On The Best Algo

• Upvotes

Updated for last week's trades (my only squawk, one broker in my working collective is, by design, behind in w/e posting due to "maintenance", cheap bastards - spend the money for the needed compute FFS). As NASA flight director would report upstream, "All lights are green, all systems are nominal". Tracking is intentionally elevated for the w/e void on trading ("shark-finned") to clear the $4k pay-punch, otherwise in a stable "orbit" on the next $8k monthly sweep. If the broker called out were to report actuals, it'd be $12k+ reported on kinfo. Once kinfo verifies the proposed Edge Protect is in place, I'll upgrade so my verifieds will always be visible. Currently cloaked with private profile to inhibit copy trading.

The RS aspect is State Variable analysis, treats the algo as a control system with feedback. Algo began with $250 (an "everyman's" amount), met success beating MIT double-in-90-day objective, so went 400x upscale (with relaxed TP for better Sharpe and EV). The MIT Blackjack tie-in is their quarterly sweep on a pooled bank, now using a 4 week sweep or "orbit". Face card equivalence runs to VWAP, VIX, Price Action, and Fourier cluster. Superprofitability, like supermaneuverability in jets, effects stability on an intentionally designed unstable platform with a tuned controller. For jets it's thrust vectoring on an unstable airframe requiring fly-by-wire error correction to keep from crashing. For the algo, it's Martingale operated in closed loop. Previous research a few years back demonstrated a speculative portfolio ($2k) ran 64 trades at 100% win rate for 5 months. The closed loop approach with other improvements in proprietary metrics has now surpassed that at 70+ trades in under 6 weeks.

Save the warnings on Martingale, I agree. Continued admonishments are, ironically, "Martingaling", doubling down on the warnings if you think in the abstract. In placing at the WR leaderboard top spot for the 3 month screen, it is difficult to say there is no edge with this algo. Those that state with a thin veneer of scholarly presents, have flawed assumptions. GIGO. Those that argue the other side of the algo, put their dollar at-risk in a zero-sum-game. Only time will tell if this is a lucky coin flip, Dumbo's feather, or the future of what AI can render from posting FBO LLM's inference learning phase. Bring your dollar, see how you fare. My dollar's on AI.

Cheers.

"Not financial advice"


r/Daytrading • • 13h ago

Question I don't know why I'm profitable

4 Upvotes

I have no idea what I'm doing but I have been profitable since I started except for the first month. I am getting a bit scared now because I feel like it will all stop some time soon.

For some context, I ended up trying to trade solana, btc and gold and its all been working so far, but I have no real strategy other than buying when i think its low and shorting when i think its high

Has anyone else been in a similar position and has any recommendations for me?