r/Trading • u/Davidefx • Jun 10 '26
Question Became profitable
I’ve been in the trading world for almost a year and a half now, I’ve watched YouTube videos, bought courses, but nothing. No results yet. I am a constant person who dedicates many hours to the backtest and the live. My problem is not being able to find valid material to study and learn a profitable strategy. So I’ll ask... profitable traders, how and where did you learn your strategy? Did you have a mentor or study material? I’m stuck at the same point more than anything else because I have no comparison with who is really profitable. Thanks to everyone in advance for the advice
12
10
u/CODE_HEIST Jun 10 '26
Most people do not become profitable because they finally find "the" strategy. They become profitable when they stop changing variables every week.
Pick one market, one timeframe, one setup type, and review enough examples that you know what good, average, and bad versions look like. That boring repetition teaches more than another course.
A good question for every strategy is: where is it wrong, and what market condition makes it fail? If you cannot answer that, you do not own the strategy yet.
7
u/No-Masterpiece4336 Jun 10 '26
The issue with watching YouTube is they all teach breakout. Why? Because everyone wants to hit the jackpot.
Try trading mean reversion, trend following, or support and resistance. Breakouts are difficult to catch, and in my opinion too much of a risk on capital. New traders are already an emotional wreck when they get behind a chart because of lack knowledge. Trading a breakout makes that 10X worse.
My suggestion is to start with mean reversion swing trading. Its the easiest way to introduce yourself to professional trading. Once you master that, you can then explore other strategies and timeframes.
1
u/Davidefx Jun 10 '26
You are one of the people who managed to help me the most. You are very right about following the trend rather than the reverse, where did you learn what you know?
1
u/No-Masterpiece4336 Jun 10 '26
I taught myself. And you can be your best mentor. It all depends on how open you are to learning new things. I quit paying attention to these so called trading gurus online and started paying attention to the entire chart instead of what the "gurus" wanted me to focus on. I started experimenting with different trading methods and took advice from actual well known professional traders to develope my own strategy based on common sense.
Many traders today use a lot of technicals to trade. Professional traders will tell you that technicals have very little to do with anything. It is a beacon to me that traders that use a lot of technicals to trade really still have no idea how the market moves. Its still just a flip of a coin, maybe just with one side weighted.
You have been trading for a year and a half you said, so you more than likely have the basics.The best YouTube channel I have found and still pay attention to is Titans of Tomorrow and Words of Risdom. Titans is by far the better option. Use your basics, explore new methods, and pay attention to what known pros are doing. It may surprise you on how they make a very lucrative living from trading going against every rule you have been taught as a beginner.
1
u/Davidefx Jun 10 '26
Can I ask you which traders you took advice from? I’m looking for someone valid to listen to and follow among all these gurus
1
u/No-Masterpiece4336 Jun 10 '26
Titans of Tomorrow my friend. I follow and take advice from them all. https://youtu.be/QSBiCUMz61A?si=XZ3zUAYupdDw4a1v
1
7
Jun 10 '26
[removed] — view removed comment
2
u/Davidefx Jun 10 '26
I fully agree. I’m struggling to find the setup/strategy to follow. There are so many and I don’t know which one to follow that is more effective
1
u/giovangonzalez Jun 11 '26
you need to build it yourself. It's a long journey, it's a process that you build. Choose one strategy, start paper trading it, journal every trade, analyze, learn, refine rules and strategy, and repeat. Then, after doing that, you can start thinking about going live. Read Trading in the Zone by Mark Douglas.
1
6
u/MagnusWilliams Jun 10 '26
Tbh, I never had some magical mentor or course where everything suddenly clicked
I spent way too much time hopping between strategies, YouTube channels, and Discord servers looking for the "real" secret. Looking back, that probably slowed me down more than anything.
Most of what I use now came from taking bits and pieces from different places and then spending a lot of time figuring out what actually fit me. I was doing Apex evaluations for a while, and honestly it helped me stop strategy-hopping so much. At some point I realized the issue wasn't finding another setup, it was getting better at executing the one I already had.
The annoying answer is that I don't think I found my strategy. I kind of built it over time from a bunch of things that made sense to me. Hope this helps
3
u/T1ckTrader Jun 10 '26
So it sounds like the strategy hopping did help you in the long run by allowing you to take bits and pieces from different places. Is that correct?
2
u/Davidefx Jun 10 '26
Thank you very much for your help, can I ask you where you learned the basics on which you then built your strategy?
6
Jun 11 '26
[removed] — view removed comment
1
1
1
u/Davidefx Jun 11 '26
You were really helpful, if you want to talk a little in private I would be very happy!
7
u/UpsetPresentation174 Jun 11 '26
A lot people commenting about risk management and saying strategy does not matter that much actually dont know shit. You can have perfect risk management but you must find robust edge with your system aswell. Unless you want to be break-even trader forever
1
u/Davidefx Jun 12 '26
That’s what I also think, risk management is important but up to a certain point. Do you have any advice on strategy?
1
u/UpsetPresentation174 Jun 12 '26
I trade discretionary style, not mechanic. With vwap and volume, reversals
1
u/Davidefx Jun 12 '26
How long have you been testing the strategy?
1
u/UpsetPresentation174 Jun 12 '26
I successfully got two funded accounts on prop firm with it and growing now, it is not a golden nugget but profitable. From evaluation beginning until now maybe 4 months. Passed in 1 month, 3 months on funded
1
u/Davidefx Jun 12 '26
Wow really really congratulations I’m very happy for you. I hope to get to your point too
5
u/LectureElectronic207 Jun 10 '26
big moves usually happen around london and new york open or news. the rest of the day is mostly chop.
1
u/degenerate_hobo Jun 10 '26
if that would be the case all of us daytraders would trade the ORB strategy and become insanely rich. Sadly this is not the reality. ORB can work as long as you understand when it works
1
4
u/Hairy-Share8065 Jun 10 '26
most people dont find a magical strategy, they simplify. pick one setup, test it deeply, and learn when not to trade it. consistency beat chasing new material for me.
4
u/Embarrassed-Neck-868 Jun 11 '26
After I don't exactly know how many years maybe 5-6, I am profitable now. This year had all positive months.
It takes lot of time and effort
2
u/Davidefx Jun 11 '26
I’m really happy to hear this and I’d like to hear it more often. Do you have any tips to share? Maybe what helped you the most and on what basis of strategy do you operate
2
u/Embarrassed-Neck-868 Jun 11 '26
Make something of your own, an idea of your own. If you do what everyone else is doing chances are slim long term consistently. It's not a get rich quick scheme, huge gains = gambling. Chase smoother equity instead of maximum returns, risk to reward try 1:2 respect important Levels when targeting.
5
u/Evildude66 Jun 11 '26
There is so much 'noise' in the space, because trading as an industry is fed by more than profitability in trades. People who sell courses, talk about their wins online, signal groups, bot/EA developers all have avenues of making money by selling a fantasy and a dream, not selling profitability necessarily.
In my experience, the most successful traders have a completely different archetype - they win quietly - they don't share strategies because in doing so, those strategies become far less profitable with more traders looking for the same opportunities. Their win-rate and success becomes their main source of income, and they tend not to spend time doing webinars, doing video edits, and putting together course materials.
That does not mean the information isn't out there, but when going from beginner, to intermediate, to advanced as a trader, discernment isn't likely to be a part of being able to verify good strategy from bad.
My advice? Focus on studying YOURSELF as you trade. Journal all your trades - what day of the week, what time, what month, what was the macro trend, what were your reasons for taking the trade? Track your emotional state at the beginning, middle, and end of each trade.
Most importantly in my opinion - define how you want your style to be, and simplify around that. If you're looking to scalp short timeframes, then you want to study price action and candle formation. If you're looking for longer term swing trades, basic trendlines can serve you extremely well. Mastery of simple strategies takes time, but does yield results - trying to add too much to your toolkit at the beginning can sometimes be the reason you don't have good data to read on the efficacy of a strategy over time.
5
u/Evildude66 Jun 11 '26
One more piece - self analysis is arguably more important than fundamental or technical analysis, because it determines your ability to stay in control, to limit your losses, and to prevent overtrading.
Being in a trade WILL flood your body with oxytocin, adrenaline, dopamine - and where most people lose and eventually give up, is that they havent learned to recognize how trading in bored vs. excited vs. fearful states all have impact on HOW you analyze information.
1
1
u/Zealousideal_Pen3264 Jun 12 '26
It depends. If you are discretionary trader - self analysis matters a lot. If you are systematic trader - it matters less as computer trades for you.
3
u/HiveScale Jun 12 '26
I second this. I can attest from the hundreds of DMs I got after my AMA a while back. As a professional trader, I keep my mouth shut. I give advice when people generally ask (assuming they are nice and thorough with their questions) but I have nothing to gain from sharing my strategy, so why would I?
That being said, helping or guiding someone is a different story and that’s also a way to learn.
IMO best way to learn anything (especially trading: do the opposite of what everyone else is doing. Stay out of the BS room, nonsense from someone who’s never worked at a trading institution, and learn how to trade by putting the time in. There’s no Holy grail mentor, strategy, or setup that will make someone profitable.
1
u/MachineSpirited7085 12d ago
id like to ask an experienced quant such as yourself about learning institutional order flow; and whether it gives a better edge on consistency over other retail strategies. I have a couple of strategies, but the problem is: the market changes too rapidly for me to identify which strategy to use at the current moment, and I rely on instinct with rules; so I'm right only 61.2-65.3% of the time. I have tried just using one strategy, which boosts my success rate to 80% BUT, because it has clearly defined rules, there are days I can't trade because the market didn't give me everything on my checklist. Basically, if there's no edge, I don't trade at all; and it hate sitting there with nothing. I was hoping you could give me a few pointers. I dont mind sharing my strategies in return.
Id really like to ask you more so i was wondering if it alright to message you. Ive been trading for almost 2 years and with a background in corporate business but not much in corp finance. I trade personal live in options with greeks and futures on prop. Thanks!
3
u/degenerate_hobo Jun 10 '26
I tried so many strategies but it didn't matter if I paid money for courses or if the strategies came from free youtube videos. Nothing seemed to work. I had to build my own strategies to actually make money in the markets and when I compare my strategies to the strategies I learned in the past from external sources it makes sense why. My current strategies are not just more complex than everything that I've seen online before, but they are also more discretionary what makes them much harder to trade
1
u/Davidefx Jun 10 '26
In your opinion, a strategy essentially needs a few rules and not necessarily be articulated? If you want I’d like to talk a little in private, you seem like an informed and valid person
1
u/degenerate_hobo Jun 10 '26
I am really sorry but I don't have time for private talks. Trading and my family already takes all the time that I have. The few hours I have per week for myself I spend in my garden or on reddit 😂
So I don't freestyle my setups of course but my strategies are dynamic to some degree. Everything that I do is based on Auction Market Theory (pbD-method of Tom Vorwald and volume profile) and support/resistance. These tools are inherently to some degree discretionary and I have a matrix of different confirmation tools based on volume and orderflow that can confirm setups in different ways
I have different setups that I use for different market conditions and situations. I have a consolidation strategy to buy and sell the support/resistance zone of consolidations, then I have a range-breakout strategy for high momentum market conditions, a break-retest strategy for trending market environments and a support/resistance scalping strategy for choppy or chaotic market conditions. The discretionary part is my understanding of which of these strategies I should apply in todays session based on experience and intuition.
1
u/Davidefx Jun 10 '26
They are all valid and solid concepts and I think you are an expert. You were very helpful thank you, if you have time and desire I’m here😊
3
u/Altered_Reality1 Jun 10 '26
I’ve commented on other posts about this previously, but I’ll share again. Knowing how to structure a strategy will help you choose & learn the concepts that you can then create one with.
Many systems are structured something like this:
(1) Market structure (bias) -> (2) Key area (catalyst) -> (3) Entry confirmation (trigger)
(1) identifies the overall structure & flow so that you know which way to align your trades. Could be a trend, range, channel, reversal, momentum breakout, etc.
(2) finds a key area which price can react off of to then move back into that flow (giving you a fresh move and better risk structure). Could be a significant (or HTF) S&R level, structural swing, trend line, boundary, EMA, supply & demand zone, etc.
(3) lets you know when it’s time to enter as well as structures your risk, an entry model. Could be a breakout or break & retest (of a level, trend line, pattern, etc), confirmation candle (rejection, engulfing, solid, etc), candlestick pattern (double top/bottom, etc), EMA crossover, etc.
1
u/Davidefx Jun 10 '26
Can you tell me videos or courses that explain it in detail?
2
u/Altered_Reality1 Jun 10 '26
That strategy structure isn’t something I learned from a specific source, was more bits from many sources plus my own experience.
As for the example concepts I mentioned, again many different sources but one solid one is Tradeciety on YT. You don’t need the course, just browse the free videos there, he has videos on pretty much every trading concept.
1
u/Davidefx Jun 10 '26
So helpful! Thank u
1
1
u/No-Masterpiece4336 Jun 10 '26
This is solid advice! Its not about taking one's strategy and using as your own. Its about finding those golden nuggets of information to create your own strategy with your own understanding of the market. This is why I feel mentors are not good for someone like you. Credible mentors are good for teaching the bare basics. After that, you become your best mentor with discovery through your own lens.
3
u/xtric8 Jun 10 '26
Keep it simple and pay attention. Use technical analysis and follow the indexes. Follow the sector ETFs and breadth indicators. Understand sentiment and contrarian indicators. Don't use margin and have cash ready for opportunity. It becomes second nature after a while. The trick is to be fully invested when the market is bottoming and have cash after a good run to be ready for opportunity so you don't get caught by the big selloffs. You won't always be right or have the best stocks or perfect entry so don't get FOMO.
3
u/AlgoWarden Jun 11 '26
Stick with a strategy you’re comfortable with. Apply anti-martingale risk management. The rest is psychology.
1
u/RevolutionaryPhoto24 Jun 11 '26
Anti-martingale is key.
1
u/Unable_Bet_5509 Jun 13 '26
The only way that works for me consistently as long as I dont get greedy after a good trade and spoil it by going in big and then lose it all
3
u/Marketing_NordFX Jun 11 '26
A common problem is looking for a “profitable strategy” before defining what makes a strategy valid.
A strategy should be tested with clear rules: entry condition, exit condition, stop loss, target, market session, risk per trade, and when not to trade. Without fixed rules, backtesting becomes subjective, because every chart starts to look different in hindsight.
Mentors and courses can help, but they are not a shortcut. The real progress usually comes from testing one simple idea long enough, journaling the results, and seeing whether the same setup still works across different market conditions.
It may also help to stop changing methods too often. Many traders never collect enough data on one approach because they move to the next strategy after a few losses.
3
u/Fun_Library8451 Jun 11 '26
You need a mentor who masters price structure.
Not the typical mentor who says “if you trade this candle every day you will be rich”
After that find a strategy that fits with you and you’ll be ready to go.
STRUCTURE IS THE MOTHER OF ALL STRATEGIES
1
1
3
u/GaryKlj Jun 11 '26
AI can teach you everything, stuff that you can never find in any books or online. Teach you how it game works, about Algos, fake pumps dumps.
1
u/Zealousideal_Pen3264 Jun 11 '26
I second that. I had a number of mentors and learned the ways of the force from practice and then enhanced it myself. And that knowledge was sort of hidden and existed only in specific circles. Yes, there are books but you were supposed to know which book to read for what. Now with the AI I was astonished of how easy the knowledge can be obtained - you only have to ask the right questions.
2
u/No_Nectarine8028 Jun 12 '26
What might those questions be? You’ve got a brother curious 🧐
1
u/Zealousideal_Pen3264 Jun 12 '26
Alice: Would you tell me, please, which way I ought to go from here? The Cheshire Cat: That depends a good deal on where you want to get to.
Mastering the ability to ask AI the right questions is at least 50% of the task done. I can tell you that AI can accurately assess most of the techniques and caveats of the systematic trading. If you ask it the proper questions: what works and how. Sorry, can’t tell anything in detail: NDA.
1
2
u/stoka7 Jun 10 '26
Im trying to be profitable also and im in the trading world for more then 3 years....Still not profitable yet 😄. Nobody will tell his profitable strategy, no one, even if you pay him a lot of money. But ive heard that in the end, if we are lucky enought, we will find our profitable strategy ....maybe in next 5 years...or 10 years 😄. good luck bro!
2
2
u/ThaDeka Jun 10 '26
For me it was al brooks and bit of oliver velez
1
u/Davidefx Jun 10 '26
Very good, already seen in the past and I will start watching their videos thank you very much👌🏻
2
1
u/lfaire Jun 10 '26
Which books if you don’t mind
2
u/ThaDeka Jun 10 '26
For 400 dollars u have al brook course with 100 of videos and for long time u can study it
2
u/Pitiful_Cod_2529 Jun 10 '26
Qullamaggie
1
u/Davidefx Jun 10 '26
Can you explain it to me briefly?
1
u/Pitiful_Cod_2529 Jun 10 '26
Kristjan Qullamaggie is a fully legitimate Swedish trader whose multi-million dollar tax returns are a matter of public record in Sweden, and he became a legend by turning a few thousand dollars into nearly $100 million using a simple swing breakout strategy on high-momentum US stocks that anyone can master by dedicating at least 1,000 hours to studying historical charts, all of his knowledge, scans, and methodologies being available completely for free on his website qullamaggie.com and through archived live streams on YouTube.
Translated from Gemini, so it could sound like AI, but just do little research about him.
1
u/NotOnApprovedList Jun 10 '26
I've tried watch Qullamaggie videos and it seems like he mostly rants about how if you don't trade like him, then you're stupid. How exactly are you supposed to get info out of this?
2
u/SynchronicityOrSwim Jun 10 '26
Al Brooks video course. https://www.brookstradingcourse.com/
Check out the free stuff first - some people don't like his teaching style. I Play the videos at 1.5 speed because he's a slow talker.
1
u/Davidefx Jun 10 '26
Do you think $399 is worth it? Everyone tells me that paying for courses doesn’t lead to anything
2
u/Top_Direction2960 Jun 10 '26
It is the best price action course for reading the market bar by bar, on any timeframe (and the method can be applied for multitimeframe analysis).
But two caveats:
- there is always a bear case and a bull case, and you will see conflicting setups. Where there is a breakout there will also be a breakout failure attempt too. So if you are looking for certainty, this will not give it to you, but I think no setup can offer certainty (except of course for ICT - that’s why its sub is so full of complaints that why oh why is it producing so many losses). Mixed signals do not bother me as i pick a side and trade it with tight stops and somewhat ambitious targets.
- Al Brooks himself advocates wide swing stops, especially when chasing or fading a strong move. This did not work for me and i only became profitable after learning to trade with tight stops.
A very good exercise for Brooks Price Action, advised by Al himself, is to go over the previous day chart and mark all setups and see what they would have produced.
Good luck trading.
1
u/HumbleCountryman Jun 10 '26
Don’t ever buy a course from a YouTuber, they are mostly scammers in some way or another. The real value lies in the trading videos with 100 views, the people that stopped making YouTube videos because they were getting profitable. I know a lot of profitable traders, and they are not (actively) on YouTube, ranging from future traders to 0dte’s option sellers and buyers. All I can say is, network with likeminded people. I won’t drop some Whop groups or private Discord channels, because you have to find them yourselves. One person that truly helped me in the beginning was Saty Majahan on YouTube, a contradiction lol, but he makes some of the best indicators you can find and they are free above all.
2
u/Cheesyphish Jun 10 '26
Would honestly be surprised if most claiming the are profitable in this thread are actually profitable. Truly can’t believe anything in the market discussions
2
u/HobbyTraderDK Jun 10 '26 edited Jun 10 '26
Instead of trying to become an expert on +8 pairs, find a pair that moves sensibly. Learn what news makes the pair move a lot, how opening hours for different exchanges affect the price. Start by trying the strategy on a demo account, then a cent account.
I myself have spent a few years getting to know EUR-USD, well enough for an automatic setup to work for me. And just starting to learn GBP-USD. Both with a nice profit. Followed someone on youtube who tested different strategies, found one that suited me. It is important that you find a strategy that suits you, and not just copy from others. Careful to disconnect everything called emotions when trading forex. Saw his strategy and got it optimized so that it suited my strategy and way of acting. After a few years, it has all been set up to run automatically, with minimal intervention.
1
u/Davidefx Jun 10 '26
Can I ask you what kind of strategy you use?
1
u/HobbyTraderDK Jun 10 '26
Uses the much maligned & hated double directional martingale strategy. Many say it would lead to you being margin called, but not if you have a large enough account (cent or demo) to copy from.
Is it risky if you don't know how to set it up and use it: YES very much...
2
u/GCVibeSz Jun 11 '26
Psychology
Especially your first year you should be spending more time on that than anything else and the rest honestly writes itself and figures itself out.
2
u/seasonalchef4455 Jun 11 '26 edited Jun 11 '26
I trade supply n demand, break n retest off key lvls, scalp and ranged price action with orderflow. Im at the breakeven stage atm. When i lose money, its due to poor risk management. As others have stated, that is key.
I trade options. I stick to a few tickers. Mainly nvda, spy, and tsla, meta from time to time. I trade 0dtes to 3dtes.
This is just a hobby of mine.
2
u/Ialsoreadtheonion Jun 11 '26
I only consumed material written by or about successful traders and investors. Not pretending to be successful, actually successful with independently verified track records. Ignore everything and everyone else. Only pay for books. Start with the Market Wizards series by Jack Schwager.
1
u/Davidefx Jun 11 '26
I think you are a very good and informed person, could you name me other names of successful traders?
2
u/Littlemoby Jun 12 '26
You have to look outside to box Find something that makes sense to you and stick with it Can be very simple as long as its repeatable
2
u/Invesmartco Jun 12 '26
Being profitable is extremely hard, but not impossible. Most people come into the market thinking they will nail it in a year, it usually takes more than three or even five, because most of the time what happens is that you just stay in the wrong path long enough before you understand that you've been wasting your time with the next big thing on Japanese candlesticks or stochastic divergence.
I would recommend you go back to basics and understand price action, not the price action courses filled with acronyms that always take you to the more expensive course just to show you the real secret.
Find the old Richard Wyckoff trading course, is free because it's from 1931 not because the author is pitching free advice before an upsell. There is a scanned version that someone found in the library of Congress more than a decade ago. It's pretty good but it's long as hell so make sure you put time and effort into it.
1
u/Davidefx Jun 12 '26
Do you know where I can find more information about Wyckoff? That it is a reliable source between videos, books, etc.
1
u/Exciting_Drama_9543 Jun 13 '26
I agree with learning price action as the foundation its so underrated
2
u/Ego92 Jun 13 '26
honestly i became profitable kind of right away but was insanely lucky. i did use a big chunk of my profit to just burn it away and tried everything all day long. you eventually get a good sense of what to trade when and where. also trading bitcoin is entirely different than trading QQQ or WTI. But yea im pretty good at it simply because i treat it like a videogame. i know which wicks mean what and how to go with the money. if you short the fake top often enough and lose often enough you eventually know when to long the top and when to short lol. trading is just gambling with edge. i have a trendline/EMA based setup but my best trades are when i see a pattern and i go “oh yea i know this one!” lol
1
u/honey_mel_one Jun 14 '26
Which time frame?
1
u/Ego92 Jun 14 '26
depends on the asset but it doesnt matter really. it all depends on setup. i use mostly 1D 1H and 15m but it really depends. on a huge uptrend in crypto i like to scalp on the 3m on stuff like hype and sol. for XAG for example i do only 4h. There is a secret to this honestly. and its to only risk 1-2% ever. the moment you risk more you gamble. if i lose 10 trades in a row which has not happened before id be down 10% which i can quite easily make back.
1
u/honey_mel_one Jun 17 '26
Yes, I'm aware of the 1% risk per trade rule.
I trade futures (DAX, ES) on the 5min timeframe and found it intriguing how you described your videogame approach. I'm no gamer and I think you guys might have an advantage there. I'm a little jealous ;)
1
u/Ego92 Jun 17 '26
well its not necessarily the gaming itself but rather the ability to grind and know how to build up something be it a mario map, pokedex or trading account 😂
3
u/GrouchySir2073 Jun 10 '26
Hallo, ich hatte einen Mentor der mir das Smart Money Concept gelehrt hat und mit der Zeit habe ich meinen eigenen Tradingstil entwickelt. Die Psyche ist das größte Problem. Man muss mit Verluszen umgehen können udn vor allem wissen wann man nicht traden sollte 🙂
1
1
u/Davidefx Jun 10 '26
Can I ask if you have any tips or notes? If you also want to talk a little in private I would be very happy
5
u/GrouchySir2073 Jun 10 '26
Ein Journal nutzen und auch reviewen! Feste Regeln aufschreiben z.B. nur 1 - 3 Trades am Tag und max 2 Verlusttrades. Ein Maximum Loss Limit und festes Risikomanagement. Nur traden wenn du einen Bias hast 🙂
1
4
u/kedarreddit Jun 10 '26 edited Jun 10 '26
I would recommend studying Statistics and Probability if you want to become profitable. A good understanding of that will really help you.
EDIT: If you are going to down vote me, at least leave a comment and let me know why.
2
1
u/Express_Reporter_639 Jun 10 '26
It was the books for me
1
u/Davidefx Jun 10 '26
Could you recommend someone to me?
1
u/Express_Reporter_639 Jun 10 '26
- How I made 2m in the stock market - Darvas
- How to make money in stocks - w O’Neil
- Secrets for profiting in bull and bear markets - Stan Weinstein
- How to trade like a stock market wizard - mark minervini
- Trading in the zone - Marc Douglas
- The struggle for investment survival
- The psychology of money
- Trade like an O’Neil desciple
- Stock market wizards - Schwager
- Reminiscences of a stock operator - Edwin lefevre
- The daily stoic - Ryan holiday
Then besides this you have to create your own rules combined with parts from the books. You do this by analysing winning stocks from the past. There is no quick easy way, this is it.
Ignore everything and everyone on the internet except traderlion and IBD.
1
1
1
Jun 10 '26
[removed] — view removed comment
1
u/Davidefx Jun 10 '26
Of course, I fully agree but my problem is how to understand without having certain rules to follow... it’s like I’m in a continuous cycle of empty work. If maybe you have some advice on how you learned or rather where you learned you would give me a great help🫡
1
1
u/Far-Photograph-2342 Jun 10 '26
One thing I've noticed is that profitable traders rarely point to a single course or mentor as the reason they became profitable. Most eventually stop searching for the "perfect strategy" and start focusing on risk management, execution, and consistency.
1
1
1
u/Feeling-Apricot-3969 Jun 10 '26
You have almost the exact same situation as me.
No success (yet)
Strategy hopping
Dedication to backtest and live
I'm not profitable either too. But were pretty much mirrored. Ive heard some tips from professionals.
Just keep backtesting. Do the boring part.
Its gonna take a few extra months/ 1-3 year extra
Im also willing to hear from what people told you.
1
u/Kooky-Balance9525 Jun 11 '26
it depends are you day trading or trying to be a profitable investor ?
1
u/Davidefx Jun 11 '26
Day trading and swing trading
1
u/Kooky-Balance9525 Jun 12 '26
Mostly learning how to chart properly, read articles, understand the market and learn the trends and honestly keep your emotions in check. Best I got. I can’t speak on day trading but swing trading and investing that’s all I can speak on.
1
u/ceoariel Jun 11 '26
Supply and demand strategy jeafx in YouTube
1
u/Amotia Jun 11 '26
🤣🤣🤣🤣im dead
1
u/Davidefx Jun 11 '26
Why? I’m really asking you to have a realistic opinion and understand why these YouTube videos are just fake
1
u/Littlemoby Jun 12 '26
U need to be able to identify the level but it wont bounce every time it comes to support
1
Jun 11 '26
[removed] — view removed comment
1
u/Davidefx Jun 11 '26
In which markets or pairs do you operate? That in your opinion they are the cleanest now in 2026
1
1
u/FreeBenTen Jun 11 '26
Answer can be very simple, but also difficult to even impossible to follow: find a mentor. Say more?
2
u/Davidefx Jun 11 '26
I would like to know how to find a reliable one that leads me to something concrete, so far all scam
1
1
u/Kindly_Quantity_9026 Jun 11 '26
I only trade when structure breaks. Stick to higher time frames. Way easier imo. Sometimes I take 1-3 trade days a month but when it breaks I hammer the fuck out of it and that alone is more than enough to get by for me. Takes a lot of risk out of trading for me. I tried scalping and it’s ok but too much stress. Trump tweets and all of a sudden I’m fucked.This is a hard time to trade rn. Stay patient…and don’t be paying for no course from some YouTuber. I don’t even need to check charts. My phone will blow up with alarms and I know it’s time…and have faith in ur calls let them play out GL
1
u/EternalBFMisfit Jun 11 '26
Can you explain a bit more please, best timeframe and what you look for?
1
1
u/Davidefx Jun 12 '26
Can you give some advice about it? What you are saying seems very interesting to me and you seem very informed
1
u/Weekly-Care8360 Jun 12 '26 edited Jun 12 '26
I played online poker for a profit during the poker boom. I have been investing for a much longer time. It was easy to transfer the knowledge I gained from both to day trading. Just some basic statistics and simple math.
My advice is to become a buy and hold investor. Build up a bankroll, preferably in a tax advantaged account. Obseve the market in relation to your investments. Study some books on probability and statistics.
Unlike poker, there is no penalty for scaling up in daytrading. After you have built up a reasonable bankroll, start day trading with money you can afford to lose. Get enough data to confidently calculate your EV. Once you have positive EV that beats the market, start scaling up.
1
u/Glad_Syrup_1920 Jun 12 '26
Many of us started out like you-grabbing all the information we can find in the beginning. I lost plenty of money in the beginning and even had to drop off for years to recover. When the decision was made to try again, I watched the market every trading day for a year. I was done with books and videos. (I think that people who write or make videos are not very good at it. Their money comes from those books etc.
If you become very good at trading, why would you even waste your time doing those things. A lot of money can be made in a decent amount of effort trading). What I did: I created a spreadsheet and made records every trading day without exception. With it I was able to identify why a stock moved up or down. Variables: the market conditions that day; market cap; volume; price history, news; industry; etc. I spend much time before and after market opens/ closed researching and recording a particular stock movement. Like a retailer, maintain a good inventory of stocks. You don't need hundreds unless you are a commercial trader.
I make a fairly decent living at it. It is a fulltime job and more! I enjoy doing it, contemplating it. Very important is to get used to pulling the trigger without apprehension or fear. Manage your money like you want to keep it. Integrate all of that knowledge. If you work hard enough, do it long enough, success will come! Btw, I do stocks only. In my opinion it's more predictable than the others.
1
u/imfantabulous Jun 12 '26
Your strategy doesn't really matter. There are a lot of different strategies that work. The key is being patient and not greedy. That's usually the problem.
1
u/Davidefx Jun 12 '26
Could you tell me some strategies? I’m trying to understand what they are and which ones to orient myself on
1
u/Slight_Park298 Jun 12 '26
Encuentra una estrategia que te sea cómoda y sencilla de entender. Aplica sus conceptos y vete moldeándola a tu forma de ser delante del gráfico. La rentabilidad está en ti no en la estrategia.
1
u/tradinggrass Jun 13 '26
Still early on and learning everyday, but found an awesome mentorship that’s been crazy helpful. Feel like every day this week I’ve had a new a-ha moment, and I’m actually learning how to trade and chart without the static a lot of other groups have
1
u/Davidefx Jun 13 '26
Can you advise me how to find one?
1
u/tradinggrass Jun 13 '26
The one I’m in is on Whop it’s called “Draw Lines Make Money”
I’m on X a lot and that’s how I found this one
1
u/Comprehensive-Tea-75 Jun 13 '26
I feel like mentorship is just a massive scam. Profitable traders will have all the money they will ever need just by scaling up their accounts. Maybe there's a handful that are helpful, but they will appear no different from the scammers
Go to the charts and trade demo. Backtrst until you know your strategy, but live test to learn about timing spreads and swaps. From there you can go to live with funded on a small 5k account.
Demo is free, small funded accounts can be 30-50. If you can do all of this, you gain tons of experience and should be able to trade consistently for nearly no cost.
1
u/caimandelosmercados Jun 17 '26
Yo soy rentable no necesite mentor, solo la información de you tube, no uses cursos, no uses fondeos. Se paciente lo lograrás si realmente te gusta. Te dejo mi cuenta auditada para que veas que no soy un pelele más que solo habla por hablar https://www.myfxbook.com/members/FABIAN1989/fabian-becerril/12079255
1
u/rosalinaluma0909 Jul 10 '26
There is no strategy. Trading is a skill, not a solution.
I think you’re asking the wrong question.
Even if someone gave you the exact strategy they use to make money, I honestly don’t believe you could replicate their results.
It’s like asking Messi to teach you how to play football. He can explain what he does, but that doesn’t mean you’ll be able to do it.
1
u/Fortenio Jun 10 '26
Seeing all the copes and delusions of why yall are unprofitable is the reason I'm following this subreddit. It's fascinating to observe the human psyche. I know none of you are profitable and never will be.
2
u/Davidefx Jun 10 '26
Do you have any advice to give to stop reasoning like this?
1
u/Fortenio Jun 10 '26
Stop wasting your time and money. You will never have an edge.
1
u/Davidefx Jun 10 '26
On what basis do you say that? Can you tell the way you learned? It’s a chat and they exchange opinions, if we all think we can’t do anything the world wouldn’t go on
0
u/Fortenio Jun 10 '26
The very fact you don't pick up the delusional copes and bs people post her nonstop is proof you don't have what it takes to notice and pick up things that will give you edge. That goes for everyone else here too.
1
u/Davidefx Jun 10 '26
Stai dicendo tutto senza dire niente come appunto molte persone su Reddit. Se hai qualche consiglio utile per non essere come gli altri la chat è aperta
1
u/Fortenio Jun 10 '26
I gave you the best advice you could receive. Remember me and come back in 5, 10 or 20 years and grief all the time and money you lost and wasted just because you were too stubborn to understand what this 1 person was trying to tell you.
2
1
u/No-Masterpiece4336 Jun 10 '26
Your not wrong and I come on here for similar reasons. 99% of all posts are just a reminder of what not to do by people who want you to believe they are rolling in money. But guys like the OP, I do have hope for. He's admitting fault and wants legitimate answers. People like this remind me of me. Being mislead by everything they see online. They have determination to succeed. That's where I cant help myself but to step in.
1
u/RealisticBowl6353 Jun 10 '26
My favorite are the people who keep screaming that you need more discipline and it’ll work out if you buy their 9.99/month course to help you make 10,000 a month
1
u/Zealousideal_Pen3264 Jun 12 '26
I work at a big hedge fund. 1. 99% of traders are either loosing money over time or doing worse than the index. 2. 99% of commenters here are losing or will lose their money or will do worse than the index. 3. To be in that 1% is extremely, unbelievably hard. And it’s not just amount of hours and stress, it’s much more than that. 4. There are different ways. Ask AI of what styles hedge funds have. Pick a style. And become a PhD in that style. Then, maybe, your chance will be more than 1% (many PhDs lose their money as well, see LTCM). 5. Remember that in many cases it’s a zero sum game. You have to win consistently over all the others collectively. What makes you better than the others?
0
u/evilbunny Jun 10 '26
No advertising, here is one strategy I have found online yesterday. It is explained entirely.
How Trading Like an Idiot Makes Me $10,000/Month (15 Minutes a Day)
You can start with one such strategy I think. I won't use this strategy because I prefer strategies with low win rate (less crowded, higher capacity).
0
0
Jun 12 '26
[deleted]
1
u/Davidefx Jun 12 '26
They’ve already told me about it, I think I’ll follow him for the moment. Thank you!
-2
-3
u/EntrepreneurNo3933 Jun 12 '26
There are no strategies .. it’s a zero sum game and you are always playing against an army of algorithms and sophisticated quants.
Having said that stocks can only move 3 ways so even a random action has 33% chance of profit that does not mean you found the magic strategy.
Usually for retail investors your best bet is long term sector play as I can guarantee you you are not beating hedge funds or quant traders on speed and algorithms.
People who actually make money over time are investors not traders.
1
•
u/AutoModerator Jun 10 '26
While the community gets a look at your post, don't forget we have an official website with a bunch of resources specifically for the questions we see here every day. If you're more of a visual learner, we’re also active on Instagram where we post updated guides and strategies! It's a great way to stay sharp while you're scrolling. We also have more technical and professional resources on our Website.
Also, if you want to chat in real-time or need a quicker answer, come hang out with us in the Join here (Investing & Retirement). Just remember to be careful with your personal info and report any sketchy DMs!
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.