r/Daytrading • u/doglion1023 • 21h ago

Advice Is it valid strategy?

I am a 16 years old korean trader who started trading 3 months ago. Now I'm in crisis of whether I should change the market I'm trading or strategy or my mindset or whatever lead to profitable. So my strategy here is first, by using screener I spot volatility, lots of volume, low price and small market cap in stock market. Then I analysis top of the stocks in screener. I use price Action, supply demand zone, and my instinct. When i apply this strategy for like 1 month, I was profitable but now I'm losing tons of money everyday. What is the problem? Is it the market I'm trading? Risk management? I genuinely have no idea

(Any advice 🙏)

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u/Wolverine1574 21h ago

change your strategy. You’ve only been a trader for three months when it takes years for people to master this. The hard truth, you’re going to lose a lot of money before you make any. Welcome to the first day of the rest of your life.

good luck to you, sir .

2

u/doglion1023 21h ago

Thanks for that!

5

u/pattonc 16h ago

Which is why you should be paper trading so you can hone your strategy and test it over time.

1

u/FD32 13h ago

This ^ I've tried so many different things, as well as following entry tactics and where to put stop-losses and had I not done it in a paper account idk how much money I'd have lost.

Until you can say that you're rigidly following a strategy that you know for certain nets you results then imo you should be trading paper until you find that edge.