Done for the day
option positions in $Apple(AAPL.US$ and $Invesco QQQ Trust(QQQ.US$
big 2 days. gotta be careful tomorrow and not expect everyday to be like this
big 2 days. gotta be careful tomorrow and not expect everyday to be like this
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wannabe future independent trader, making milk powder $$ from the intraday market | twitter : chowyunfattt
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enginger : Hi you have any recommendations on where to learn and improve technical analysis for day trading?
chowyunfattOP enginger: Ermmm. I’d say YouTube. There’s a lot of information there. Avoid the one that are super click baity.
From how much I’ve learnt so far. There isn’t a right or wrong way or model answer to green trades. Like if this candle looks like this then do this. Otherwise do that.
A lot of it is about risk management and keeping your profits. So can look into those videos too. :)
Hope this helps.
chowyunfattOP enginger: Why risk management and retaining profits is important.
Like today I ended the day 4K. I was actually up 5. Then I kept trading lost 2x 500 and I stopped and called it a day. At this point I already fElt like I overtraded. Imagine if I kept going. Might have ended with a lot lesser.
Another thing. Friday I was up 8. Today 4. If I don’t put it out here and remind myself that tmr isn’t going to be as big as today. I might scale up thinking I’m god. And end on a very red day. So basically the post serves as a reminder that I may need to scale down and not get greedy.
enginger : Thanks for being so honest! Will work hard to understand myself better
All the best!
chowyunfattOP enginger: Jia you bro. It’s not an easy journey. But try to enjoy it.