Any Day traders here?

Discussion in 'Trading' started by Traderwithnoname, Aug 30, 2023.

  1. What's the biggest challenge you guys faced with day trading? Mine was with my mindset, I used to struggle with my mindset and with FOMO but the good thing now is that I had been doing better and now less care about trades.
     
    murray t turtle likes this.
  2. TheMordy

    TheMordy

    As a volatile instrument trader, the frustation of missing a good trade.
     
  3. mervyn

    mervyn

    Day trading itself.
     
    VicBee and murray t turtle like this.
  4. lol, what you are up to?
     
  5. Seems like it is time to create an algo.
     
  6. tiddlywinks

    tiddlywinks

    The kitchen is on the first floor. :D
     
  7. For me, working full-time while also day trading. The obvious question I know is gonna be why not swing trade and my answer is that I don't have the patience to swing trade. Then, my issue became that I wasn't comfortable with the fast-paced nature of day trading. What eventually worked was implementing a set and forget approach where I spot my setup and place the corresponding orders managing the trade without me having to do anything else.
     
  8. %%
    Making any where near what I made with US investments;
    that is/ add up all the weeks+ days+ decades.
    Yes its possible to make millions/ selling pet rocks or a country music song, market making;
    but I 'm noting what I've done.
    Sorry you had such bad experience with investments, ever do any real estate in a good neighbor hood??
     
    ironchef likes this.
  9. alistera

    alistera

    Offsetting large cycle moves which are liquidation events, while balancing maximum profits with least effort, never had FOMO which is essentially a lack of confidence in what you are doing.
     
    murray t turtle likes this.
  10. sridhga

    sridhga


    The inability to take advantage of overnight gaps
     
    #10     Aug 30, 2023
    murray t turtle likes this.