Reality of Day Trading

Discussion in 'Trading' started by smallfil, Aug 20, 2020.

  1. s0mmi

    s0mmi

    If you watch the end of her video you'll see that she is +$60,000 on the month of July.

    But I will chime in;

    Trading stocks is very, very, very easy compared to anything else. Much easier than compared to traditional futures indexes (as bone mentioned).

    U.S. Stocks is extremely easy compared to the other big fat futures games. They all play the same game in stocks... Tim Sykes, WarriorTrading, HumbledTrader etc. And a lot of the SMB Capital videos showcase the same thing:

    #1 - Look for High RVOL (Relative Volume) in pre-open. They all like to hunt for RVOL greater than 3.0
    #2 - Scan for biggest movers up/down %
    #3 - You know the stock will only move during the first 2 hours of the open. This is a huge advantage compared to any other asset class.

    And there you go. Only trade those stocks that are moving.

    I have noticed, especially on Youtube, there there heaps of people making easy money in stocks because they keep filtering out to only trade the stuff thats moving, and stocks only move in the first 2 hours of the day.

    In Cryptocurrency for example, you will see 98% of people getting absolutely crushed in their accounts and only the top 2% making money. This is because Cryptocurrency mostly suits swing trading for the average 'stay at home' trader, as its 24/7, no news events, and no guarantees when things move.

    You can even look at the leaderboards on Bitfinex, Binance.... the biggest losing PNL is way way way worse than the biggest winning PNL for the week.

    It is absolutely suicidal for somebody to join the worst exchanges in the world who are literally cheating infront of your eyes to rig the algorithms against you:
    CME Futures, ASX Futures, CRIMEX futures... all of them are rigging the game exceptionally hard in favour of algorithms hooked up to the scene and market makers with near zero brokerage, spoofing privileges & informational advantage.

    If you are a struggling trader, or trying to find your way, stop everything you're doing and start trading stocks. There is free information on Warriortrading + HumbledTrader YouTube channels.

    I will repeat again... all you need on your screen is the scanner filter to check Volume, Relative-Volume (3.0 or higher), and % moving up/down during pre-open.
    Put a VWAP on your chart and you're good to go. Only trade the stuff that moves.

    I also believe you can swing trade Cryptocurrencies & Forex but you need to be available at the screen 24/7 and the failure rate is astronomically high (97%) compared to Stocks.

    The key take away is this..
    Stocks is easy because you know something has to move in the first 2hrs, and you can change stocks the next day.
    In everything else, you are at the mercy of Volatility and waiting until the market players out, which could be forever.
     
    #51     Aug 22, 2020
  2. realtrades

    realtrades

    And it also helps when you have a chat room with hundreds, even thousands of lemmings ready to buy when you tell them to, it's no mistake that they target low float stocks.
     
    #52     Aug 22, 2020
    Turveyd likes this.
  3. heispark

    heispark

    #53     Aug 23, 2020
  4. Turveyd

    Turveyd

    Yahoo pump and dumb master 1999 - PDT 2002 ish, find or start some hype, get in early, get out early, repeat.

    Damn that was a long time ago, still be doing if not for PDT, nobody pumping and dumping had 25k+, took all profits over 6K end of every week and lived well for a year, or the blonde fitty next door lived well for a year. Lol
     
    #54     Aug 23, 2020
  5. wrbtrader

    wrbtrader

    How come that person doesn't show the "trade fill window in the broker trade execution platform" instead of showing spreadsheets and calendar like PnL numbers ?

    wrbtrader
     
    #55     Aug 23, 2020
  6. wrbtrader

    wrbtrader

    One can double their trading account with normal risks but only in unusual market conditions that comes around every blue moon...

    Example, buying particular stocks at the bottom of a sell-off in a Pandemic or buying early in stocks doing research in vaccine development, tech stocks and others.

    The key is that when such happens...they will advertise the hell of those months of extraordinary gains and followers will then play the hypothetical / compounding games as if one can do such every month. :D

    wrbtrader
     
    #56     Aug 23, 2020
    comagnum likes this.
  7. Stockboy

    Stockboy

    Thanks!

    Of course we can go into what is a good risk to reward etc. But my main issue was it appeared she was dodging answering. But
    I still dont see it??? I even let the video run from 10 minutes to the end :OI

    Im not going to claim I know how to run a channel but as long as she isnt screwing people over. I wish her the best but I gotta move on. Its getting way too ****ing annoying for me to try and decipher her answer,

    Imagine being like, "yo HumbledTrader is the market open today?"..... 15 minutes later of her talking... being like " what? " :O)


    but thanks, If I take your word for it, of course there are ways for more experienced traders to evaluate her trades, but at least she is according to you offering an answer.
     
    Last edited: Aug 23, 2020
    #57     Aug 23, 2020
  8. tiddlywinks

    tiddlywinks

    MY big swinging dick trading plan BEGINS at 100 contracts and compounds from there! Six figures, up, down, all around, in a day!!

    You are a small thinking, simple minded twerp!
     
    Last edited: Aug 23, 2020
    #58     Aug 23, 2020
  9. s0mmi

    s0mmi

    Sorry I was referencing the wrong video. Go to the end here:

     
    #59     Aug 25, 2020
  10. stepan7

    stepan7

    #60     Aug 25, 2020