How to learn daytrading

twitter.com/CryptoCred/status/970705732139192320

Do you know what 'apprenticeship' means?

So, you're saying that daytrading is done automatically by computers and I assume then that those programs are a tightly locked secret. Is that about right?

no, tech me.

>daytrading is a meme, no one actually makes a living doing it. people will claim they're good at it during a short period of a trending market, but at the end of the day they would have been better off just holding.

Don't worry OP, you'll see alot of people coping like this especially on reddit subs like Jow Forumsinvesting

It's a way of convincing themselves they're not just bad at trading, it's actually impossible to be a successful trader.

lmgtfy.com/?q=apprenticeship
It's normally for learning a trade.

You must be rich then if you're a successful day trader?

Thanks, I'll check it out to see if I can apply that.

>impossible
u wot m8?

t. moneylet who thinks he can trade but has nothing to show for it

you are not allowed to ask this. this kills the day trader.

np. use it as a start.

I recommend listening to episode 46 cryptostreetpod.podbean.com/ it gives some insight to trading liquidity pools

I've been profitably day trading for 2 years through bull and bear markets.

There's no need to be salty about it, most people aren't going to be successful traders just like most people aren't going to be successful athletes.

I can tell you how I got into apprenticeship. It was in 2001. My head trader was shorting everything that would open down and run close stops on an after. Uptick rule + the ability to buy married puts (bullets) guaranteed a few ticks down after the stock would open down. Plus I would be downticking mine and his stock respectively. The pay was shit, and I offered to automate this shit, but he said he can't because of margin for automated trading. Eventually I stumbled on a better team, and was trading something that still somewhat works, but made a lot of money and was automated. At this point I am able to create my own strategies, so I trade my own money.

It's apprenticeship system, and majority of people can't make money outside the initial strategy they were doing. I don't know anyone who still trades out of people who started with me. I was a bitch of a bitch when I started. My immediate boss trades cryptos now after the hiatus. My overlord boss has a trading desk in a small bank. All the other people are out of profession.

Thanks, again.

Do you have any resources you wouldn't mind sharing that helped you learn?

Swing trading is better imo. Day trading is just too stressful imo and requires too much effort.

Yes, and no. You can find strategies yourself. But nobody would give you a strategy now, because they would rather box it. Before you were help executing an existing strategy. Now it shifted to programmers being apprentices, but they never leave because of obvious reasons.

Thanks, I'll look into it.

I'm independently wealthy. Not rich.

A mix of the two is best IMO, day-trade a small account while waiting for swing-trade opportunities. When your day-trading account gets too big put some of it into your swing trading stack.

Gotchya. Thanks for your input; I appreciate it.

Trading in the zone is the best book I read in regard to trading.

Thank you.

You still going to read crap. If you want to read something, read about market structure. Like what kind of orders are there, and technical issues about how exchanges work, how orders work. It's a lot like hacking. You hack market structure. It's not charts and shit.

learn this the stock market will crash in about 6 to 12 months

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Okay, will do.

One more thing. The easiest strategy is spoofing. You post a large day order and all algos front run it, and you unload into them.

Don't do it. All banks have those front running algos, and they will find you and crucify you. You can't spoof unless you want to be v&.

Thanks for the heads up.

There is books you larper

I'm sure there are. I googled a few things on mainstream strategies, and nothing is there. There are several trading firms that survived trading certain strategies, yet no mention of them in any literature? Why do you think that is?

you learn day trading by going in the market and just doing it
it takes years to be proftiable, no matter how good your lucky streak is, you will never make it without a longterm plan

this guy is trolling

just start playing the game. learn how to read charts and what the stats mean. trial by fire. if you cant afford to learn that way, then google 'paper trading'. you[ll pick up things as you trade, and you'll have more specific questions than "how do i get good". When you have specific questions, you can google specific answers. there are a fuckton of strategies and books out there, you've gotta play to find what appeals to you. I found I was really good at swing trading and gap plays so thats what I do. Some people love pharmaceuticals and make bank doing the 'ground up' and selling on announcement days. just play the game and see what specifically you want to master. day trading is not just for the rich. im a wage cuck, but I've had days where I make 2 weeks pay over night on my stock plays. but it also took me awhile to learn to mitigate my risk properly so I've also had big losses.

Why am I trolling? Because I've professionally traded for a long time?

first of all you should swing trade, not day trade. Google risk management.

>2 years
thats nothing
you could still be on a lucky streak

babypips.com

Look up madaz trading. He releases a lot of videos on his day trading. Also posts his daily trades on his website madazmoney.com

This works really well in crypto.

babypips.com/learn/forex/divergence-cheat-sheet