Welcome to r/RealDayTrading ! Use this thread to ask questions, discuss strategies, trades, resources, etc…

If your question is directed to a specific trader, please tag them in your comment to get a faster response.

If you’re new here and you have any questions about trading, be sure to check out the wiki here!

Please read the rules in the sidebar before posting.

<>- Live trading – Weekly Discussions threads

submitted by /u/AutoModerator

[link] [comments]

So I’m new to all things trading and have settled between a few different brokers that I’m interested in. Options approval levels are something I’m confused on. Every broker asks your trading experience in order to be approved for different options trading levels. I have no experience trading so seems I’d either get approved for the lowest level or not approved at all. Since it seems the methods on the wiki are used with trading options I’m not sure what to do. If I get approved for a low level will it prevent me from being able to use the wiki’s method? Is there a way around this, where I can be approved for a higher level even without any experience? And also will this effect my paper trading capabilities? I plan on paper trading at least 6 months so I want to make sure I can do everything required as soon as I can so it’s a smooth transition into doing the 1 share method.

Sorry I know that’s a lot of questions I just want to start off on the right foot.

submitted by /u/LukeTrynaWin

[link] [comments]

I’m not sure why anyone would prefer to watch a video of me talking about it rather than read the post, but if you do… Here you go.

I am very sick, sorry for the coughing

submitted by /u/Hanshanot

[link] [comments]

Hi guys,I am a newbie trader after watching imantrading videos he said that the best way to learn trading is by actual trading I knew some basic things like trend and support and resistance and consolidation some really basic things and I jumped into paper trading . My problem is that I get emotional even paper trading is that really bad or is it normal bcuz I am newbie and I dont even have a clear strategy .Iam just watching the price

submitted by /u/Interesting_Pie1350

[link] [comments]

I have recently started learning trading by buying a course (The TTC forex unicersity)

Some of the stragies taught for beginners is 1:1 RR with anywhere between 55 to 60 percent win rates that are quite easy to follow. Pull back EMA. What are RR and Win rate a beginner should follow and how to go about it? What works and what does not in trading? I understand 70 percent is discipline and restis technical analysis What works and does not when in comes to TA

I have a full time job and how to go about learning the trading and improving learning curve? Any success story from someone from 9 to 5 grind would be helpful.

submitted by /u/perth1985

[link] [comments]

I have recently started learning FX trading by buying a course (The TTC forex unicersity)

​

Some of the stragies taught for beginners is 1:1 RR with anywhere between 55 to 60 percent win rates that are quite easy to follow. Pull back EMA. What are RR and Win rate a beginner should follow and how to go about it?

What works and what does not in Fx and trading? I understand 70 percent is discipline and rest

is technical analysis

What works and does not when in comes to TA

​

I have a full time job and how to go about learning the trading and improving learning curve? Any success story from someone from 9 to 5 grind would be helpful. ​

​

Have a lovely weekend

submitted by /u/perth1985

[link] [comments]

This post is entirely centered around data, there’s no sugar coating or “twist” to make you keep reading, only data and my commentaries on it.

That being said, here was my schedule ;

Monday – 10AM to 11AM (Work limits me on Monday)

Tuesday – 10AM to 11AM (Work limits me on Tuesdays)

Wednesday – 10AM to 2PM

Tuesday – 10:35AM to 2PM (there was a problem with OSP, couldn’t start at the planned 10AM)

Friday – Data entry day, this is what I did the WHOLE day, even with the help of ChatGPT it took me about 14 hours.

​

I will be doing one by one, there’s 5 scanners in total and I will be providing a link to them (however I don’t know if non oneoption members can look at them)

Before starting, I would like to mention that originally I wrote down everything, from bullish to bearish, even if the day was going +10% I would still be inputing short stocks, this is NOT reflected in the final version of the document as it was taken out after taking the data, all that is left now if the stocks that are corresponding to the day, short stock/spy going down. I will be showing ONLY the final version in this post but you’re welcome to go check the data with no market in the data sheet.

FYI, ChatGPT did most of the math even though it’s terrible at it, blame it for the math, I assume it’s fairly close to reality anyway and it took me way too long to do it by hand. Blame it for faulty math, not me.

​

I will only by showcasing one scan in this post, you can check the others in the data sheets.

First, we have my favorite scan and the one that got the best stast (IMO), the High Probability Scan with the Data Sheets

​

Winrate 15M 50% 1H 85% 2H 71% EOD 76% Next Day EOD 83% Maximum Favorable Excursion 100% Maximum Adverse Excursion 14% ​

Avg $ Won (100 Shares) 15M 2.50$ 1H 23.92$ 2H 41.71$ EOD 45.46$ Next Day EOD 156.50$ Maximum Favorable Excursion 198.64$ Maximum Adverse Excursion -22.71$ ​

Avg % Won 15M 0.01% 1H 0.46% 2H 0.58% EOD Close 0.85% Next Day EOD 2.81% Maximum Favorable Excursion 3.05% Maximum Adverse Excursion -0.70% The PF is shown and then the (winrate)

PF (100 Shares) 15M 2.21 (50%) 1H 3.96 (85%) 2H 11.53 (71%) EOD 21.65 (76%) Next Day EOD 36.54 (83%) Comments; Overall this scanner doesn’t pick up that many stocks, 14 in the final version for a whole 4 days-ish. Very satisfied with the results however, highest winrate and lowest maximum adverse, therefore the safest scan that I tested.

​

Second ; heavy buy/sell data sheet .

Comments; Was pleasantly surprised with this one, has the highest PF ratio of all scans I tested on the Next Day EOD at a staggering **70.45** for a 85% winrate, but again, not that many stocks show up on there.

Third ; Medium Probability data sheet .

Comments; Very Disappointing, a discounted High Probability, very very low PF for every timeframe except on the Next Day EOD. Deleted it from my scanners.

​

Fourth ; High Volume data sheet .

Comments; Thinking about modifying that one, I will keep it because it does what it’s supposed to well but, disappointing, might add the compression break on the daily to my High Probability. I do like the “volume neutral” aspect of my High Probability Scan though.

Fifth ; Institution al Day Trade data sheet .

Comments ; Wears it’s name very well, highest winrate on 15M of all and is the highest gainer of all my scanner by FAR at a staggering average $ gained on next day EOD at **300$**

Cheat Sheet

I personally think, in the Day Trading business, your tools matter the most and this test cemented that belief. Think about it like this, you’re really as good as your scanner. My top performing scanner has got 3.96 PF for a 85% winrate on the hour. Stack this on top of you, a human who can make rational decisions, you can really only go up. The Scanner’s already got a very good winrate/PF on it’s own.

TLDR;

Tested 5 scanners for a week, here’s what they’re best at.

Safest Scanner; High Probability.

Biggest Hourly Gainer ; Institutional Day Trade

Highest Winrate ; High Probability

Best PF overall ; High Probability

Highest Overall Gainer ; Institutional Day Trade

submitted by /u/Hanshanot

[link] [comments]