Day trading: is it possible for a noob Moran to succeed?

No.

You will get skinned alive.

^^^
Say goodbye to your money.

Open a demo account.

How could I tip the playing field a little in my direction?

Even the pros are getting rogered hard

Can’t do any worse than them, yeah?

Someone is winning...

It’s not like I want to retire

Just increase

Can you expand on this?

Walk me through the basics, if you are so inclined

Youre better off going to the casino.

$300 is not enough of a cash pile to invest with.
And yes, you will get skinned alive.

A better investment would be to take that $300 and buy a 10 oz bar of silver.
Youre not going to get rich but you prob wont lose

300 BUX? Take it to a black jack table. You need like $50,000k minimum to start working with stocks.

yes its possible but you need to hurry. tradelikeagenuis.com

2 0ption

1 - Buy the digi coin u fink will Bcum w0rldcurrents.

2- be a sl4ve.

Are we talking the stock market or cryptocurrency?

yes but you will have to come up with a technical analysis trading style unique to your own!

You can open a demo account and make bets on forex just like the pros do in metatrader for example.
Highly recommend unless you have a few 1000 lying around.
The way you ask I don’t think this really is something for you though

If day trading opens up, u no its 0nly gonna be 1sider.

Shits going down.

If u got millions go buy some companys, if not u kinda stujck :/

You can open a practice account so you won't loose real money.
Get to know the trading platform. Get some experience, then go live and blow your first account.

It's ok if you can afford to spend the $300.

Trade in the smallest increment possible at first.

Last Edited by Clon on 04/22/2020 07:33 PM

Hmmmm............only if you are a natural.

First do some paper trading with the same amount that you are starting with. There are a few exchanges and chart sites that allow you to do this, some may want a monthly fee ( small ). Try the link below.
[link to gocharting.com (secure)]

Go to Youtube and search for day trading courses. Grab pen and paper, and take screen shots. Create a folder for those to use as reference.
Also, watch trading psychology video series. Really listen up. Emotions are your worst enemy when you trade. FOMO is not your friend - if you are afraid of missing out, step away from the computer fast. There is always the next trade - so wait for it.

Trading is not as easy as it looks. So don't kid yourself.
Even the pros fuck up and make noob mistakes. After a year or two, you might get pretty good at it.

And remember, the trend is your friend until it isn't.

Go here for trading and psychology courses free and paid. No sugar coating on this. Listen at .75 speed at first.
Krown is a GLP'r from way back.
[link to www.youtube.com (secure)]

Best of luck to you.

Last Edited by Moon&Stars on 04/22/2020 07:42 PM

If you had, say, 500 grand in your trading account, you could place stops WAY above, or below, your position.

That way, you MIGHT not get stopped out when the sharks go stop hunting.

Realistically?

Fuggedaboutit, and buy some silver, as suggested above.

Not really, sorry mate.

This game is the hardest game in the world. It's played by the sharpest, smartest and most committed people on the planet. The rewards are freedom with the power of expression, or being rich as you think of it.

Everyone in here is right, you're going to get chopped to shit real quick. It's basically like a casino in that you might have one or two wins initially that encourage you, but then you're going to find out that the house generally wins.

I've been doing this for over a year and I still only use less than 10% of my capital to trade with. You need to develop a system or else you are just guessing and gambling. Developing a system is not a quick process. Like I said, a bunch of people smarter and more dedicated then you are also trying to develop systems, that's who you're competing against.

If you're really keen here is my advice:

- Trade crypto. Bitcoin, no alts just yet. Alts are too correlated to btc and the price action is choppy at the best of times. A good looking alt chart can be ruined in seconds by some cunt fat fingering a btc market order. Also, it's faster. You'll be trying to trade forex for tiny 0.5% gains which will involve leaving a trade open for days. That's days in which your mind can be fucked and you can shoot yourself in the foot. Btc can do a 15% move in an hour. At 1% risk with a - 1% stop loss that is a 15% account gain. I'll let your mind wander with what you can do with 6 of those trades in a row. Lastly, crypto is 100% you, no brokers or shitty middlemen.

- Develop a system. This is going to take work and time, sorry but there is no way around that. If it was easy everyone would do it.

- Get your mental game up to scratch. Psychology is actually the most important aspect of trading. Find and read a book called "Trading in the Zone". It's invaluable to this sort of pursuit.

- Start and aim slow. This is a journey of a thousand steps. You're not going to get rich overnight. The only way that happens is if you risk a suitably large amount of your capital and get lucky. You can also get unlucky. Ultimately trading is a game of survival. Preservation of capital is key if you want to make it.

Hopefully some of that helps.

Nope, not worth it with just $300, you need minimum order of 1500-2000 per trade to not get clobbered by commission fees.

Not with 300

You need 10 000 at least

You FIRST should learn the ropes by spending 3 motnhs on a stock trading simulation game online. There are many

How well do you think you could do at a Grand-Master Chess Tournament?

Assuming you know how to play Chess?

I can play Chess, but in a room-full of Grand-Masters I wouldn't have a chance!

Likewise with your Day-Trader, flim-flam, shill-o-rama, Stark-Market scheme.

If you know what's good for you, don't go near that shit.

Yes, BTC is imo the best asset to trade. No middle men or brokers, just you and the charts. I've seen it make a 15% play in less than 5 minutes while I sat there with my mouth hanging open thinking "WTTFFF" just happened. 5 seconds of hesitation to get in or out of a trade - and bam, poof - on the wrong side of the trade. LOL, well not funny but funny at the same time.

Still, it's a good asset to start with even with a small amount of capital to work with. But you have to watch those fees, OP. Small trades can add up - but fees can eat you up if you aren't careful.

And OP - stay the hell away from leverage until you acquire some expertise.

Last Edited by Moon&Stars on 04/22/2020 08:05 PM

For all the reasons mentioned the answer is no. You might get lucky on a short term run of wild variance but that isn't really success as I'm interpreting it.

Commission fees will destroy you on $300 capital.

If you're referring to the cryptocurrency world..

Research and figure out which Crypto(s) you want to invest in.

Then, wait until you see lots of red on CoinMarketCap and buy the dip/mini-crash. If you buy when the market is in the green, it could easily drop and you could be stuck HODLing for a long time waiting to make a profit.

When the value rises (hopefully), I'd recommend you convert it back to fiat and recoup your money. Then you have the option of putting your profits also into fiat, or toward the coin(s) you're interested in. Then you can accumulate currencies basically for free over time.

Stay away from sketchy exchanges. Since you are American, I'd recommend Coinbase. I like Coinsquare as well (Canadian exchange).

I agree with the majority here who will say that you will get burned if not careful. Start with small trades until you get the hang of things. It's a huge hassle admittedly.

Last Edited by P.L.U.R. on 04/22/2020 08:15 PM

Watch this guy.

[link to twitter.com (secure)]

He said something like:

Everybody congratulates you when you get pregnant but they don't ask how many times you got fucked in the process.

Back when stocks prices followed the fundamentals, you could pick an advancing stock, -but nowadays against algorithmic trading, you don't know what to base your picks on anymore.

Recently, as the years have gone by, I've seen fewer and fewer successful day traders.

So, no.

Perfect!

You can study one field like auto, airlines, pharm and then know when to get on and off.

Buy ammo.

I did something similar a year ago with an online brokerage account.

My "investment" is now worth less than half what it was then.

LOL.

The only decent stocks worth investing in are very expensive. Like everything else, you need a lot of money to make any money in stock investing.

Do this and learn before putting your ass on the line. At the worst you will have learned whether you have an aptitude for it or not.

Throw 10 bucks at your most easily accessed method to buy into some bitcoin or whatever, and go on an exchange like Binance or some such that allow fast trading, and practice doing microtrades while watching and learning to understand the meaning of the graphs and buy/sell walls and such, and what happens when they move in certain patterns. Exchange between the various coins as you see opportunities, making 2 cents here, 10 cents there, and so on. (Doesn't matter if you lose some too, it's all good)

It's a good kindergarten sort of education in that sort of thing, on the super cheap, and also doesn't require some massive deposit first, while still giving you the thrill (and attentiveness) of gambling with real money in a live situation.

You can even grow that 10 bucks into a reasonable stash if you get good at it. Some folk make their living doing Crypto day trading.

But don't even consider putting any kind of substantial amount into crypto during this time. Consider it a toy to play with, for now.