Day trader next door reddit

Day trader next door reddit

If the account equity falls below $25,000, it is placed in a minimum equity day trading call and must only place trades in type Cash with cash buying power. Also, watch "how to think like a professional trader" on youtube. His approach to risk management and trade selection has greatly improved my approach to trade selection and has allowed me to minimize losses so that they are single points or scratch. Sometimes he talks about how before he went full time, he spent 3 years waking up very early to trade the London session before his day job began. in 5 years you might make $200k. Day Trader Next Door has been the best one that I’ve found so far. Say goodbye to blowing up your account and hello to trading with confidence. Successful day traders have a strategy, often informed by technical analysis, that helps identify potential trades. Get access to videos to help you learn how to apply the strategy in the live markets. Best for Day Trading Posted by u/Swing_Trader_Trading - 1 vote and no comments Daytrading futures, forex, stocks, etc. Masi Trades. 75%+ is a shitload of money. If your activity meets that threshold, you get To add to this: Markets in Profile by Dalton. Day-trading in your account may A day trader just has to do a day trade the day they trade. I think 3R tends to be in the sweet spot. 80% Win Rate = 176 Winners, 46 Losers. Just an example: 5 ES x 5 points = $1250 for Yes doable and check out videos of Day Trader Next Door on YouTube (his name is Matt). When you place your fourth day trade in the five-trading-day window, your account will be flagged for pattern day trading for ninety calendar days even if your portfolio value is over the $25,000 minimum. So, where does all this lead? Well, straight to success town, my friend. advice. It’s the fact that he’s fully transparent with his viewers and reveals his trading history is why he’s highly regarded in the community. For professional day traders this can be done in a month or two. A lot of times whatever his clickbait title is he refutes when you watch it. 3-4% per day is actually phenominal if you can do that consistently. "Pattern day traders" are required to maintain a minimum margin equity level of $25,000. fordguy301. Investors Once you double it the second time, leave in the 10k and now double that. 5 hours per day trading, dozens of hours per week structuring and learning), then part time for about 3 years (an hour or two trading per day, still dozens of hours per week learning), then became profitable enough at the end of that 4th year to start doing it full time for a living. Gap (%): The scanner is sorted by the biggest percentage gap from highest to lowest. Iman trader posted a video of what was clearly Matt trading a sim account. 8 GB. Premium trading content. com Tradingvi Reassess your strategy, your "edge" in trading, and try again. I might sound like a shill, but he's the real deal. • 1 day ago • Edited 1 day ago. Bayaco_Tooch. 99%. We became day traders because we can take advantage of either direction especially in the immediate. At $50,000 it was $1000 etc. Just read a post of someone reaching 25k in their account and being happy they can trade without worrying about the pattern day trade rule. Or check it out in the app stores Lol look up Day Trader next door on YouTube. Have a degree in Business Management and I am in an Accounting / Payroll position earning some 32k annually. Just that you work hard check out Trader dub with 90 percent lie traders and Alex with b the story. TDA is your problem, order fill us terrible because they sell your order flow. Consider a larger amount if one wants to make a living from day trading. ImanTrading on youtube has some good stuff. Mark Douglas is the GOAT authority on trading phycology. When Do You Quit Your Job And Become A Full-Time Day Trader. On the Path to Success. Secrets of a pivot boss by Ochoa. Open a TDAmeritrade paper trading account and learn as much as you can in real time like it was your actual account. Exactly same for me. 0. Market analysis, question and answers sessions. The knowledge and experience help cultivate wise and profitable traders. Volume Price Analysis by Anna Coulling. He traded London hours many years back and now he trades NY session. https://discord. Back test it. Lifetime access to dozens upon dozens of hours of clear and consice teaching. 17. Reply reply. Then comes the Are you a full time or part time say trader? It's that simple. Now idk what to make of him. 3 - I wrote in a post last week about my journey to doing this for a living. Legally you are allowed 3 flag removals in a rolling 12 month period. There are some people who are disciplined and effective day traders (there is a lady on this thread that has done it for 15 years) but they are few and far between. Next Step Your account will incur a day-trade call if your margin account equity falls below $25,000 or if you exceed your day-trading limit. However, w/ the way Futures contracts work, and how it’s mark to market at the end of the US Market should you decide to swing trade - it’s best to Imo the first link listed is the best by far. Awesome to hit a goal like that but I would highly encourage anyone attempting to day trade to look at futures. I will request it when the payout request window is open, the 1st through the 5th. And you generally get a 50-100% gain on a trade every paycheck just by investing in your 401k. Don from Day Trading Micro Futures is someone I recommend - he explains things simply, and I highly recommend starting w/ Micros before E-Mini. Best Comprehensive Offering: Warrior Trading. daytradernextdoor. Sounds like trying to hide some I like Day Trader Next Door but he does sell a course, although he doesn't ever mention it on his YT. Oliver Velez. get a cash account with fidelity and daytrade with settled funds. You CANNOT expect to be profitable in only 9 months, does it happen for some people sure, but it's absolutely not the norm and 95% of people will never be profitable EVER. Interactive brokers with Das. Have a great day guys!Click the link to get my FREE Cheat Sheet, trading tips and key levels https://www. Not only does clay have bad habits but when ppl ask him in the comments to clarify his strategy, or for advice, he just pastes a link to his paid community/course. Activity in your margin account is consistent with that of a pattern day-trader. At that point, I didn't want to know about the next upsell level. To trade the micros you’ll probably need a minimum of $500 or paper trade. I trade about 3-4 days per week. stop thinking about day trading and making a million dollars in 5 years… thats not gonna happen. I risk $100 per trade. Being a self learner I feel the pain and problems of traders, as a Day trader next door on youtube. Still learning day trading but you should be all ways cautious with real money investing. The bitter truth about Day Trading that nobody wants to hear. Bear Bull Traders. If you're good you're too busy making money or don't care enough to upload often. get a degree where you can find an opening salary of $100k. Now I'm locked out of trading due to switching from a cash to margin account so this week I'm just coasting and doing a ton of housework haha. So you can use that too, but definitely watch out because you can get locked up if you use all 3. This restriction remains on the account for 90 days. I’ve put in about 60 hours of study in the last 11 days to begin learning. Give up now or do something else with your life because life is too short to waste your time and money trading. That's a function of the clearing house and regulations not really a function of the broker. Tom Hougaard. 6% below highs. So far I’ve been watching videos from: Umar Ashraf. I recommend having about $120k set for day trading. Any trades you follow, or It is designed to be the ONLY trading course…. In trading, being early is the same as being wrong. Day Trading Addict is one. I have talked to thousands of traders. First try at a Q&A. Introducing $0 commissions on online stock, ETF, and option trades. Purchase this product now and earn 92 Points! 10 Points = $1. Your best bet is to approach each guru and “live” trader with a grain of salt. YouTubers to watch and YouTubers to avoid. Not sure if you do Canadian or US stocks but among retail you can try IBKR, Questrade etc. I also train people to trade. You can sign up with your email, Facebook, Google, or Apple account. At $1,500 account my risk per trade was $30. *. some professors' studies, from 2004-2011 Here's two traders that don't ask or give a crap about your money. Many traders risk $500+ to make a $1,000 profit. . But here are the next five steps. Day Trading Addict. 46 losers *$69. Feb 12, 2024. It is very active throughout the market hours and is often better than discussing on the sub as you can react much faster to the market movements. Simple trading Easy application. Best of luck. You can click on the stock ticker to check for breaking news. One thing I noticed is the usual trader music isn’t playing, just silence. mb4x4. Broke through Rekt’s gate and through the door to hand in my trader supplies and start With an 80% Win Rate, if you did 10 trades a day you would just need to make an average of $75 on the winners and debit $69. Feb 11, 2024 · 1st month 50% Off or Free Trial. I'd kill for 50% at 2R. you’re almost a millionaire. Largest day profit $1,537. UPDATE!!! This was an awesome opportunity not only for myself but for my family. 50% at 3R makes pretty good money. I know my pattern works 47% of the time with 3:1 pay out. Paper trade it. If an account has a PDT designation, it must maintain a minimum account equity of $25,000. You can also trade micros as well. (The account is split in two so I can trade every day. Sometimes his titles are a little clickbait-y but the content is legit. Risk. Traders work with systems and probabilities, they don't gamble. 'In 1978 I decided that I wanted to become a runner. I've traded one more day. 15 days in, just booted up. Description. Altered_Reality1. Traders will be more randomly placed in city tiles and also out in the wilderness. Count everything you want. You should have a leg up since you trade Options. After a year of day trading, I’m down about 20% but my swing trades I’m up 45%. He posts edited recap videos with fake screenshots of daily 5 figure gains every single day. These scanners search for the best stocks to day trade daily using the criteria outlined below. 2 or just put most of you money in it since anonymous "Day Trader" suggested it. I have and do recommend for anyone serious about trading. Everyone has different goals. I found retail brokers to be pretty expensive in Canada for day trading US stocks with poor execution/latency so moved to prop firms few years back. This community is devoted to the teaching of strategies and resources to help traders become consistently profitable. I've been crushing tons of trades at 10-15% profit and a few +25% trades here and there. At $25,000 it was $500. Reminiscence of a stock operator by Edwin Lefevre (sp) Technical Analysis of the financial markets by Murphy. The rest if the week I have a full time job. He just does that because most trading videos, heck most YT videos of any kind have clickbait of some kind. So in future, being next to the trader may not be the advantage it is in A20, if the trader is downtown or the city is 1k away. That simple. I literally spend at least 3 hours every day, at least, answeing comments and messages alone from traders, and have for the past 5 years. No data fees. My risk and scaling strategy is pretty basic compounding: max risk per trade is 2% of my current equity, which I adjust at the beginning of each trading day. Wycoff method vol 1 and 2. Otherwise, find youtube channels who trade price action. I'm now up to 33 as of today due to the fall from 60/share to 52. Join Nextdoor today and discover what's happening in your area. 15 year day trader here. 5 on the losers in order to hit the goal of $10,000 a month: 10 Trades Per Day = 220 trades per month. (I lose $100 or I profit $300. Always at 10x leverage and my trades usually don't last more than 4 hours and at the most I make 2 or 3 trades per day. Share. So 1537. Wake up, coffee and breakfast, chart levels on my main list, pick 2 plays for a day, taking a trade if I have a signal to execute on one of those 2 plays, if I got stopped I call it a day, if it’s a green trade I call it a day. Now your at 20k. 15 transaction fee + current Exchange and NFA fees (fees are per side per contract) Total per side per contract: MES $1. Get the Reddit app Scan this QR code to download the app now. Anyone have more success with swing trading and gave up on day trading all together? I'm looking for achieved videos and current streams of successful traders who preferrably stream daily, but that isn't a necessity. Useful. You can't make 4 day trades over 5 consecutive trading days on a margin account. Welcome to The Trader Next Door My mission is to spread the knowledge of trading through high quality regular analysis videos. No platform fees. Reply. There are many resources but on you tube I think some of my favorites to watch are “TradePro Academy”,“Trades by Matt” and “Day trader next door” When people refer to an edge trading truly needs a business plan. Add to wishlist. It's a 4 part series and about 5 hours long. Take detailed notes. Yet he took all his videos down. However, you won’t necessarily experience any account restrictions if your account is marked for pattern day trading. 11 days traded. They have free classes also that can help you. 9% win rate. Feeling ignorant = learn and journal. If two I will sell you a bridge. Go long in account one, when you are ready to close the position go short in account two. I average $30-40/day, which is 3-4% of my trading amount. Hi u/dana561 , As we have stated previously, day trading is defined as buying and selling the same security, or executing a short sale and then buying the same security, during ADMIN MOD. I absolutely love that dude! Large cap day trader is also solid and doesn't seem like a scammer. To answer your question - very few ppl are going for 1 point move = $50 on ES and $5 on MES (don’t forget to subtract commissions and fees) Good luck. BlueMist94. FINRA rules define a “pattern day trader” as any customer who executes four or more “day trades” within five business days, provided that the number of day trades represents more than six percent of the customer's total trades in the margin account for that same five business day period. When you add this to our best-in-class platforms, award-winning education and service, and a network of over 175 branches, you'll see why TD Ameritrade is the smarter way to trade. 60%+ is killing it. He has a mailing list and if you sign up for it he will occasionally email you about it. Nextdoor is an app for neighborhoods where you can connect with your neighbors, get local tips, buy and sell items, and more. You need to maintain a very high winrate at 2R to be profitable in the long especially with slippage and fees. com Tradingview Charts h You will feel better at whatever they are saying, for them that is the only goal. There is an absolute "No Troll" policy - this is a place where traders can learn and help each other. This Discord has been started by r/weedstocks but has a daytrading channel for broad discussion. Took up stocks as a hobby 6 months ago and I absolutely love it, I then started day trading a month ago and I have been raking in some serious cash even after earlier losses from 6 months ago (netting 5k in one month so far) Trader’s posts are locked during the day and are destructible. Add to cart. Successful strategies often involve trading 2-5 times/week, like day trader next door on youtuber, or people i know that only trade Tesla, and cut themselves off after any significant loss. If you truly are locked out, liquidate your acct and switch over to Ustocktrade until your 90 days is up. 00, but don't quote me on that. The aim is to profit from short-term price fluctuations in popular markets, such as stocks, forex, commodities and crypto. Next day doing the same as above. In 9 months you're basically a breakeven trader and that's NOT a bad place to be, you just need time to continue tightening your strategy. Matt posted a reply, claimed that the video in question was a one time mistake where he accidentally still had his sim account up and traded on that. Or, you can do the 90-day access for like $4K, take 40% off that, and then upgrade to the year pro-rated, and discounted, after the initial 90-days. You can learn marketing from them, not trading or markets. With a $10,000 investment one is lucky to make avg 100-200 a day day trading. Best for Day Trading Forex: Asia Forex Mentor—One Core Program. It's listed at $6K for the year, but he's had 40% off for months now. Oh also, 2R isn't nearly enough per trade. But seriously—when I came to the realization that trading is nothing more than risk management and probabilities. Reply reply Easiest thing to do is switch your system up a little bit until you have 25k. It can be either a "hobby" or a full time career. VIX is up 25%, and yet Nasdaq is still trading just 1. I made a small profit off of TSLA a few weeks ago. Best Value: Bullish Bears. Bingo! It is formulaic and easy to get good at a standard corporate job. Humbled Trader: Best for mentorship. It's going pretty well, but day trading is going to be a new challenge for sure. Enjoy anything with a motor Welcome to FXGears. Degrees in Psychology and Law. If you are looking for the holy grail strategy. Live trading community of dedicated traders. I'm a full time futures trader, retired undertaker, lifelong musician, and hobby silver stacker. I honestly couldn’t tell you who’s legit. Discretionary trading Why you should use futures to day trade. 35$ / Month I spent hundreds of hours on YouTube videos, Reddit and books trying to learn day trading. Bullish Bears: Best budget course. Lifestyle, quality of life, and your cost of living. Depends on a lot of factors. Especially for newer day traders. It has an active trades widget that allows you to create your own macros and allow you to enter and exit positions with a single click. Trades by Matt is terrible at trading. Yes $50 is the minimum amount to trade 1 contract but you really need more than that. (he posts on here frequently as well). Day trading is the process of opening and closing trades within a single trading day. Regardless, Even if we see markets pare this gain and turn red on the day, which is not impossible with retail sales to come, this is definitely a buy the dip opportunity imo. Bear Bull Traders primarily focuses on day trading education and live trading. 2. I watch trading videos while doing the dishes, while cooking, sometimes while in traffic. May 30, 2024 · Best Day Trading Courses of 2024. When you take his Mastermind he sells a Vulcan mind meld for $49696, where he controls your bodily functions, effectively him trading, but using your body. If you are looking to get rich quickly I have some advice for you. I was literally in the same position as you not too long ago. On a scale of 1 to 10 for how good one is, most youtubers are like a 3. Bear Bull Traders: Best overall. If the signs of the chart shows that the first strategy will not work, it's the right time for plan B - your second strategy and as Linda Raschke like to say - one trade for the day. Which was really upsetting to see since he seems genuine. Also, I found that renko charts with a setting of 1 tick and 4 ticks help you find support and resistance zones way better than time charts do. He mainly trades ES and has been at it a while. So let’s say you make 100 trades. Through messages on social media, on my discord channel, in real life. Continued support and education. I was a lurker, then a learned, quickly became a part time trader before hopping right into full time. Just start trading with a small amount of money and follow the markets every day and learn what moves markets. ) I don't write this as someone big and experienced, but rather as someone just starting out, similar to you. The biggest influence for me was Day Trader Next Door. •. Check out a YouTuber called Day Trader Next Door. On a side note, the Webull desktop platform is pretty robust. This is still a v strong market, and the top is not in. Spent $2500 on Clay's course (google, it should be easy to find) and it's some of the best money I've ever spent. 57 = $3,200. Jul 9, 2021 · #daytrading #futures #cheatsheetClick the link to get my FREE Cheat Sheet, trading tips and key levels https://www. If you do, then you're marked as a pattern day trader. The Bear Bull Traders stock discord chat room is an addition to the web-based trading chat room where Andrew Aziz and his team members stream their trading platforms in real time. Aug 30, 2021 · Here are some good websites for Canadian day traders, offering day trading strategies, along with techniques and ideas on managing risk, taxes, and stress: Elite Trader: Elite Trader is one of the big trader communities online, with forums, book and software reviews, and broker ratings. '. Warrior Trading: Best overall runner-up. The vast majority of professional day trading is done Commission on Micro Indexes: $0. I'm usually out in 1. Daytrading futures, forex, stocks, etc. 001% of traders can turn $50k into $1 million in 5 years. The Trader Next Door. Feeling unsure of trading system = journal with a spreadsheet. Subsequent years are cheaper, I want to say ~$900. 50. No more, no less; every single time) Of 100 trades. Tumblr Reddit. PDT (Pattern Day Trading) - The PDT rule is a regulatory designation that applies to those who execute four or more day trades within a rolling five-business-day period in a margin account. Won’t be popular but pros are at firms and other “pros” are making money selling subs, courses, trading content, etc. I was curious if you guys could give me recommendations. Ima be real, there is not one good trader that regularly uploads that I've seen. You can read more about pattern day trading Oct 25, 2023 · How to use the Day Trading Stock Scanners. 506 likes · 79 talking about this. 53 trades I lose. Discord server for live daytrading discussion. $5,126 profit. And there is no risk like in trading. Next Steps; Featured Offer Robinhood Rating image, 4. Drawdown, time to loss, time to profit, time of day trades (with wins, loss), breakevens, etc. Surprisingly in A21 traders will no longer exclusively be found on the "trader loop" on the edge of towns. Date of experience: February 12, 2024. 47 trades I profit. No trade minimums. So if you weren't on his mailing list you'd never know ab it. com, a trading forum run by professional traders. Trading psychology development. 5 hours though. I have 2-3 strategies I relay on and each one has 3-5 true requirements and entry/exit/risk protocols. The main guy on TheChartGuys channel might be the best one I've seen, he's kind of an anomaly. I used the Mark Douglas approach: I started believing that I was a day trader and put energy into those beliefs :P. Free day trading tips, tools, lessons, key levels and education. 176 winners * $75 = $13,200. 1 you research it. If you have the talent and drive eventually you will figure it out. 23/M. it’s closer to options trading vs commons stock. 50 divided by 5,126 = 29. This industry eats 99% of people alive Ibkr is the best for canada. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. Don’t feel stupid. Most people in the US trade on Tradovate or amp or ninja trader for futures and most trade the ES or NQ. 1 Open margin accounts in 3-4 different brokerages (every 5 days 3 trades in each - you have around 10-12 trades per week) Better yet, open two accounts at different brokers. When you get to 20k, take out 10k and do it again. gg/DgKbmq8. Most of the trading gurus you see on YouTube, even the well meaning ones, won’t show you their trading history or their PnL. Trader | Market Analyst . I trade 2 full days out of the week. Micro trade it very very small real money. Per a manager in customer service, Fidelity has had a recent policy, although this is not reflected anywhere online, they will never remove Pattern Day Trader status. 4. He charges $150 a month for his discord, but never shows his entries or exits in real time. I saw the “Pro Trader Vs Amateur Trader” video by Daniel Inskeep and figured Matt was a legitimate trader. maybe 10% of traders can even turn $250k into $1 million. watch all his videos 3 times over and paper trade. Learn price actions trading because most indicators lag and futures are very fast and volatile. He helped me more than anything or anyone. Reply from The Next Door Trader. Jun 6, 2024 · Day trading carries risk of permanent financial loss. Super genuine guy and I've learned a lot just by watching and soaking it in. Rekt’s doors are locked during business hours and are able to be destroyed, so I did. Lurker/learner. Put in the 15k in profit you made before and bring yourself to 35k, now start day trading. No PDT rules and only $2 round-trip trades. Jan 22, 2024 · Best Overall: Bear Bull Traders. I worked in the real prop world in Chicago and there is a 0% chance that any of these guys / gals would sell you some course or make content on Twitter / YouTube. You can have multiple buys and sells. In my community here on reddit. With a 2:1 risk reward you only need to be right 33% of the time to break even (not including commissions). 5/5 Circle with letter I in it. Learn to be a consistant, profitable, self-sustainable trader. Matt Diamond. futures starts trading at 6pm et through 5pm the next day and closes for a hour each day. The Playbook by Bella. With that said, 100k in a year for a full-time trader with 50k-100k in trading capital should be able to responsibly and without too much greed pull in 6 figures a year in profit. 75 + $0. MattFromTinder. So, what are you waiting for? Expose this Youtuber Lander schlessinger who claims to make over $20k every day trading options with a 99. The way trading is currently taught has caused tremendous damage to people who are just trying to better their lives, and has no place in this sub. 5 out of 5 stars. I wouldn’t recommend full time until you understand the hundreds of nuances that can occur which might make you break your rules or go on tilt. I also took Day Trader Next Door's advice and use a 4000 tick chart to verify the strength of the move. Thats not what matters. I should fine for the payout now. The PDT rule primarily applies to equities and options. Quick Introduction. Then you can close your daily 5 points and more - every single day, in a certain time with a help of two strategies. Live trading is crazy. Who do and/or have you guys watched that have helped you become regularly profitable? Any info would be greatly appreciated! Thanks and happy trading! Best to ever do it is “Day Trader Next Door”. Symbol: The symbol column is the stock ticker for the company. With the "Day Trader Next Door - Futures Trading Blueprint" by your side, you'll be well on your way to becoming a trading rockstar. My morning routine is that I wake up and then I suffer. Category: Forex & Trading Tags: Day Trader Next Door, Futures Trading Blueprint. File Size: 2. Just to be sure that I wouldn't fall under the 30% rule. Trying my hand at options, using small dollar amounts that I don't mind losing, keeping a close eye on everything, ready to sell if things go tits-up or cash out when I secure a profit. So a lot less than $6K. I spent my first year doing it full time (6. You must maintain a minimum balance of $25,000 in your brokerage account. hw oc na yc pk vz dl qw ef oq