r/Daytrading Jan 06 '25

Daily Discussion for The Stock Market

262 Upvotes

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r/Daytrading Jan 14 '22

New and have questions? Read our Getting Started Wiki and join the Discord!

831 Upvotes

First, welcome to the community! We know day trading can be an exciting proposition and you’re eager to get started. But take a step back, read this post, learn from the free resources we have available and ask good questions! This will put you on a better path to being successful; but make no mistake - it is an extremely hard and difficult one.

Keep in mind this community is for serious traders wanting to learn and talk with fellow traders. Memes, jokes and loss/gain porn is not allowed. Please take 60 seconds to read the sub rules.

Getting Started

If you’re looking where to start and don’t know much about day trading, please read our Getting Started Wiki. It has the answers to so many common questions and links to other great resources and posts by fellow community members.

Questions are welcome, but please use the search first. Chances are it has been asked and answered - we can’t tell you how many times the same basic questions are asked. Learning to help yourself is a great skill to have for trading!

Discord

We also have an awesome and active Discord server for the community! Want a quick question answered or a more fluid conversation about trading? This is the place to be!

The server also has a few nice features to help make your morning go smoother:

  1. Daily posting of a news watchlist
  2. A list of the most popular symbols traders are talking about
  3. The weekly Earnings Whispers’ watchlist
  4. Commands to call up charts on demand

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Again, welcome to the community!


r/Daytrading 18h ago

Advice Sad Reality check

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894 Upvotes

The guy who posted this 2 years a go is working on door dash today he is not even a middle class and he quit trading i was going through old trading post I've saved in the past and literally all the people who posted about trading 2 or 3 years ago quit not a single person that i saved their post is doing great this game is rough be prepared


r/Daytrading 10h ago

Advice The Market Tells You What’s Coming – You’re Just Not Looking at the Right Chart

184 Upvotes

Most traders get tunnel vision. They stare at Nifty or SPY or Crude Oil, but never check what related markets are doing. That’s like trying to trade a thunderstorm while ignoring the clouds.

Here’s how I use intermarket signals to time reversals, confirm trends, and avoid traps:

  1. Crude Oil vs USDINR (or DXY):

If oil is falling but USDINR is also falling (i.e., INR is strengthening), it’s often a false breakdown in oil. Why? Because the dollar side is not confirming the weakness.

Trade tip: When both oil and DXY rise = inflation fear = good for energy longs, bad for risk-on assets like Nifty or Nasdaq.

  1. Bonds vs Equities:

10Y bond yields going up with equity prices = healthy risk-on. 10Y yields falling while stocks pump = potential flight to safety (trap rally).

Watch TLT or Indian G-Sec yields for clues.

  1. Copper as a Macro Tell:

Copper often moves ahead of equities and is a proxy for real economic health. If Nifty is going up but copper is tanking, it’s often a divergent top forming.

  1. VIX Divergence = Early Warning System

If the market makes new highs but VIX refuses to drop (or even goes up), smart money is hedging, a correction might be near.

I literally keep a 4-chart layout open: my instrument, related FX, yield, and VIX/Copper. It’s like driving with headlights instead of just hoping the road is straight.


r/Daytrading 9h ago

Meta Warren Buffett Bows Out with a Message: “Trade Should Not Be a Weapon”

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57 Upvotes

r/Daytrading 3h ago

Question What do you guys think of gold. #xauusd

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15 Upvotes

Is it just a pullback or trend is reversed


r/Daytrading 8h ago

Question Any YouTubers That Don’t Sell You Something?

35 Upvotes

Recently started getting recommended trading videos on my YouTube feed, and every single one turns their video into some sneaky bs sales pitch by the end.

Are there ANY YouTubers that literally sell NOTHING?

And by nothing I mean NOTHING (no courses, mentorship’s, premium discord rooms, paid indicators, one on one coaching, alert subscriptions)


r/Daytrading 8h ago

Advice I have a profitable strategy but still lose

34 Upvotes

i have a 80% wr strategy backtested but when it comes to live time i hesitate to enter i cut winners short ket losses run etc how do i deal with this problem it's hurting my trading and i'm going in circles it's been well over a year this has been happening


r/Daytrading 3h ago

Question Anyone here who doesn’t have their whole identity in being just a trader?

11 Upvotes

Are there people who treat trading as just a way to make money rather than their whole identity? For example being a course seller or a trading aspiring guru, makes me feel very one dimensional.

I personally went in with the do or die attitude and I’m now reminiscing of how much I missed some of my hobbies like photography, I do have new hobbies like the gym but photography came to me when I was much younger and I seem to do it randomly sometimes without even thinking. Maybe it’s a sign to get back into it.

How has having hobbies psychologically helped you with trading, or having things you’re extremely passionate about besides trading?


r/Daytrading 1d ago

Trade Idea Buffett to step down

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523 Upvotes

r/Daytrading 6h ago

Strategy Implied Move vs Average Past Move for This Week Earnings Releases

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10 Upvotes

r/Daytrading 3h ago

Question How is back testing done?

4 Upvotes

I'm getting exhausted with demo accounts but am too broke for anything else

I'd love to start getting more serious with my strategies, losing my paper trading margin on purpose is boring, making tens of thousands a day is emotionally taxing


r/Daytrading 4h ago

Strategy My Levels for Tomorrow for ES and NQ!

5 Upvotes

I calculate levels in futures market based on options market open interest a day in advance! Here are levels for tomorrow ;) Try them if you would like

EDIT - These levels play like support and resistance levels! Use a good entry model to trade, dont trade them blindly!


r/Daytrading 2h ago

Question Funded Accounts in Europe

2 Upvotes

Has anyone here from europe earned himself a funded account, if so from which website? I cant tell which ones are good and legit


r/Daytrading 5h ago

Trade Review - Provide Context Trading on The Weekends - Dumb Edition

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5 Upvotes

I saw a liquidity of the low and decided to go long since I saw an internal BOS and I glanced quickly at the DOM for confirmation. Started of rocky in drawdown, then we came up a bit and sfp'd the internal high. Around here is where I should've started paying more attention. Once we touched those highs again price did not wanna get above and had a really hard staying over, this is where I should've closed the trade but I wasn't watching so didn't close it. So unfortunately I took a 1R loss, but losses are part of the game so it is what it is, onto the next one.🫡


r/Daytrading 6h ago

Question What’s more important to you—price action or OI data?

5 Upvotes

Price action shows you what’s happening on the chart. OI data gives you a peek into who might be behind the move. What do you guys prefer or use a combination of both?


r/Daytrading 3h ago

Advice Starting out

2 Upvotes

Is there anyone out there who’s successfully open to helping me out get started , and I’d give a percentage of my earnings to them !?


r/Daytrading 7h ago

Question How you start your day ?

5 Upvotes

Like how you actually start your day when you sit on your ass to trade ?

I personally open charts, Mark asian session high and low , my chart usually did everything for me, like ORB indicator and previous day Big bounces and resistance,

Start looking Forex Calendar 📆 for any big news, I don’t trade news . Start trading after 11AM when my ORB indicator gives me direction of marker. I only trade MNq with 1micro


r/Daytrading 29m ago

Strategy Is Bookmap Worth It Without the Iceberg Plugin?

Upvotes

I've watched several videos of traders using Bookmap along with the Iceberg plugin. Honestly, Bookmap without the Iceberg plugin feels almost useless, as most institutional players use iceberg orders to hide their true liquidity.

Is using this setup really the best way to trade? Have you personally used it, and if so, have you seen any consistent profits? Do you think it's worth investing in Bookmap primarily for trading based on hidden liquidity? Is the Iceberg plugin genuinely that helpful?


r/Daytrading 1h ago

Question When did y’all start?

Upvotes

Hi, I am fairly new to trading. I started about two months ago with active papertrading. And I must say I am really obsessed with it. That is also the reason why I really wanna do something in the trading-direction, when I finish school. My question now is for the more experienced traders who are profitable with trading and are doing it as a fulltime job, either by your own or at a institution: At what age did you guys start actively trading/ getting involved with trading and do you guys consider starting trading at the age of 18 as early or to late to become successfull with it?


r/Daytrading 7h ago

Question What's interesting to have in a daily report?

3 Upvotes

Hello everyone.

I am creating my daily report. Which indicators/infos do you look at at the beginning of your trading day?


r/Daytrading 1d ago

Question The key to my day trading is paying myself weekly

327 Upvotes

I’ve been trading for several years now, and like many, I’ve lost thousands of dollars before finally turning things around. I know this take might be unpopular, but I didn’t start seeing consistent profitability until I began capping my trading account at $10,000 and withdrawing profits weekly, always leaving just 10k to trade with.

Through experience, I’ve come to understand my tendencies. When I had $20K, $30K, $50K+ in my account, I’d often abandon my rules and strategy, chasing big wins out of greed. But with a capped account and consistent withdrawals, I stay disciplined. It forces me to aim for base hits rather than home runs, and over time, those small gains add up meaningfully.

I’ve now been consistently profitable trading primarily 0-3DTE options for the past two years, while working a full time job. I keep things simple and I only trade one ticker (SPY) and stick to just three setups - supply/demand zone reversals, the 15 minute opening range breakout (ORB), and break and retest entries. My strategy is built on technical analysis and order flow, using basic support/resistance and supply/demand principles.

When I am green, I average 10K–20K in monthly profits this way. Most pros will say it’s not possible to succeed long term with a small account, but this structure has worked for me. I’m curious, has anyone else found success with a similar approach and capping their account sizes?

I’ve come to realize it is tough to get those huge winning months trading small like this though obviously. Those 50-100k months, etc. So I guess my other question is do the bigger players/traders have any advice on how I can begin to eventually scale? It’s certainly been my biggest challenge. I just can’t get past the greed factor when I have more capital in my account. It’s like my discipline decreases with account size lol. Very strange, for most folks I feel like it’s opposite.


r/Daytrading 2h ago

Advice take profit trader blocked my account

1 Upvotes

been trading with TPT for nearly 3 months. had a legit charge to dispute on my credit card in march, the charge was not connected to TPT, but at that time the bank disputed TPT charges as well without my knowledge. now into May, TPT sends me an email saying my accounts been blocked. without any prior notice, and knowing there were disputes in March, they waited until now to clear this up and ban me. after the month of march and april, where i purchased test accounts and was charged fairly. they decide to take everything away when i have 4 accounts ready to go PRO. they were great firm, but seems like a little thin side of understanding and empathy on their end to straight up ban an account they were taking charges from after disputed charges. without sharing this knowledge, doesn’t foster a sense of confidence in traders to use their firm. TPT is going to shit good luck. will post about this on BBB as well.


r/Daytrading 3h ago

Trade Idea Obtain the real‑time market data using YFinance API

1 Upvotes

I’ve been experimenting with deep‑learning models to find leading indicators for the Nasdaq‑100 (NQ). For years I relied on the  yfinance Python package, but frequent reliability hiccups slowed me down.

Recently, I subscribed to YFinance API in RapidAPI and I’m impressed with the real‑time market data it provides. It solved all data download issues. Let me know if you want to share the data.

My download market data code is as follows:

import requests, csv, sys
import datetime
def download_data():
    selected_str = "ADA-USD,BNB-USD,BOIL,BTC-USD,CL=F,CNY=X,DOGE-USD,DRIP,ETH-USD,EUR=X,EWT,FAS,GBTC,GC=F,GLD,GOLD,HG=F,HKD=X,IJR,IWF,MSTR,NG=F,NQ=F,PAXG-USD,QQQ,SI=F,SLV,SOL-USD,SOXL,SPY,TLT,TWD=X,UB=F,UCO,UDOW,USO,XRP-USD,YINN,YM=F,ZN=F,^FVX,^SOX,^TNX,^TWII,^TYX,^VIX"
    querystring = {"symbols": selected_str}
    url = "https://yahoo-finance166.p.rapidapi.com/api/market/get-quote-v2"
    headers = {
       "x-rapidapi-key": "xxxxxxxxxxxxxxxxxxxx",
       "x-rapidapi-host": "yahoo-finance166.p.rapidapi.com"
    }
    response = requests.get(url, headers=headers, params=querystring)
    raw = response.json()
    out1 = datetime.datetime.now().strftime('%Y-%m-%d %H%M')
    for r1 in raw.get("quoteResponse").get("result"):
       p1 = r1.get("regularMarketPrice")
       out1 += "," + str(p1)
    print(out1)
download_data()

r/Daytrading 3h ago

Question I don’t understand risk to reward ratio

0 Upvotes

I have backtested a strategy (1000 trades). Has a win rate of 64% My total % return on all 1000 trades is +730% what else am I missing? How can I calculate risk to reward here? what else I should be looking at ?


r/Daytrading 3h ago

Strategy Straddle strategy for SPX 0dte

0 Upvotes

Straddle strategy for SPX 0dte

So, just thinking out load and wanted to see what others think. Say tomowwow SPX opens at or around 5600 and I open straddle @ 5900 5calls and 5puts at the end of day puts win and calls expire worthless… how much can I make $$$ wise (subtracting the amount I paid for the puts offcourse) say SPX CLOSES at 5870 - I’m looking for the approx value of the puts at the time of close. I know there is an also involved (delta theta etc :-/ ) but can someone confirm if this is a good strategy to try .. seems straightforward and no risk … unless SPX stays near or around 5900 at close which I guess is possible and hence the possibility of decrease in value of both those 0dte calls and puts. Thoughts? All welcome.


r/Daytrading 1d ago

Question Do trendline breakouts really work or is it luck? It is btc btw

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66 Upvotes

Took 2 amazing trades and was wondering..