surviving the first weeks

Good advice. Right now, plan is to look at the reports that a reputable professional trading journal generates (free version) and try to reproduce the reports with my own spreadsheet, one element at a time. I’ve gotten started by making a chart of my win percentage (abominable). Automating reports is convenient, but it’s worth making them manually, at least at the beginning, so I know what to look for in my trade history and take a close look at every trade. I don’t think I could take full advantage, anyway, of the more advanced statistical analysis that professional software could produce until I get the basics down first.

 

You need to change your mindset.
You cannot learn to day trade within few weeks.

You need to take it very seriously, and practice very hard as if you were going for olympics competition.
You need to practice 15 hours a day, 7 days a week, 52 weeks a year, for many many years.
Even that, not all can make it and win the Olympics medals.


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Thank go back to the sim, and come back to the real $, once you double/triple it.

 

lines look good only on hindsight. Try to backtest an algo that does it in real time

 

I am approaching day trading as an acquirable skill that some people have proven themselves capable of acquiring. Simulated and real trading are like night and day. I started early with real money for the experience. Revenge trading is unique to real trading.

 

This makes sense, given the larger trend, even intraday. I see so many smooth, diagonal chart patterns that, had I better understood why they were trending, I could have taken advantage of, if I were willing to test the validity of my thesis/analysis with actual money. The losses from trying to make a good entry add up. Might as well concentrate those losses in a single intraday trade.

 

As simple as gap and go 5 minutes after market open.

No, but there’s a lot more to it.

 

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I like, trade+ inVest tech like QQQ.....;
but biotek stocks like AGTC are much wilder=up or doWn. So wild, i never traded/invested them.
You may be able to profit with them?? BUT NEVER ASSUME A SINGLE STOCK HOLD WILL WORK OUT FINE= good way to go broke.DAL, GM,LEH did go broke. InVestors make millions holding QQQ , but that is 100 top trending stocks + it went down >>80% in bear markets.Back to my uptrending monthly candles............................................................................,

 

Talk about wild biotech...

 

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Carl Ichan did real well with one of the more liquid bio-techs, but I'm not Carl Ichan .....................................................................................................,,