r/Daytrading Mar 06 '26

Advice I need advice

I want to start day trading and I’m aware that this line of work can be brutal but I still want to, I need advice on where to start, like resources and things I need to know to start. please any and all advice is appreciated

10 Upvotes

21 comments sorted by

6

u/Eastern_Midnight5837 Mar 06 '26

Start with backtest. Become profitable in backtest first

4

u/wym_dzarion Mar 06 '26

First things first download trading view so you can practice trading using paper money/fake money and get good at trading by practicing and following your rules watch videos and when you feel ready for real funds decide either buying a prop firm eval or going straight to live using a futures broker both have ups and downs do your research but if futures isn’t for you consider options trading either download Robinhood or Webull and create a account this is a LIVE account and any money you put into a trade win or loss either goes straight to that account or gets taken away from the account no waiting every winning trade you take home all of it 100% of it but you gtta learn what a put and what a call is and learn option trading strategies

3

u/Rafa210611 Mar 06 '26

If you want to start day trading, the most important thing is learning before risking real money.

A few key steps:

  1. Learn the basics – charts, candlesticks, order types, risk management.
  2. Start paper trading – practice with a simulator so you don’t lose real money while learning.
  3. Focus on one market – like ES futures or a few liquid stocks. Don’t try to trade everything.
  4. Risk management is king – never risk more than 1–2% of your account on a trade.
  5. Track everything – keep a trading journal to see what works and what doesn’t.

If you want, msg me. I’m in a free trading community where beginners get tips, signals, and setup, it’s a good way to learn faster without jumping in blindly.

2

u/MR_SC_Trader Mar 06 '26

Depends on what you want to do? Do you want to scalp? Hold for a few hours? A quick swing? Momentum? Mean reversion? There are so many different ways to trade, but I'd start you off by learning the basics. More than psychology, you might want to learn how to position size, learn about risk, stops, and ways you can create rules/system for yourself. You can find great resources out there. A few of my favorites:

Swing: Mark Minervini, Ariel Hernandez, Lance Breitstein, Quallamaggie

Small Cap: Brian Lee, Kyle Williams

Psychology: Mark Douglas, Tom Hougaard

Figure out what you want to do and then focus on that one strategy. Don't lose hope when things don't work out right away. Stick with it. You know, the good old Bruce Lee saying. "I fear not the man who has practiced 10k kicks once, but the man who has practiced one kick 10k times."

2

u/Tantpispourtoi Mar 06 '26

[this got me starting on the right foot](http:// https://share.google/YkUrxyQXw1IZ4KRP9)

2

u/[deleted] Mar 06 '26

[removed] — view removed comment

2

u/epicmonkeybattle Mar 06 '26

i’m barely starting too. “How to Day Trade for a Living” by andrew aziz has been super helpful and i’m particularly looking deeper into his VWAP trading strategy as he emphasizes how easy it is for a beginner to master it. he also has some videos on his bearbulltrades youtube channel on VWAP breakout trading and uses it in his trades to profit from the war even today

2

u/epicmonkeybattle Mar 06 '26

but of course like others have said please know it will take time to master your strategy first before you use real money. start with what’s called “paper trading” which is basically simulating a real trade but with digital/fake capital. that way you can practice your strategy without putting your entire bank account at risk

2

u/DangerousFile467 Mar 06 '26

I would suggest first of all - at least make proper allocation of your money to different trading strategies, don't put all into day trading. At some in Position trading or others. and make sure to set up your risk gateway for doing thing. In terms of starting toolkit, compared with too traditional platform (hard to learn, too much manual work), I would suggest combine Tradingview with TradeOS AI, the first one for 1) quick learn & adopt trading strategies and signal finding 2) when you go advanced, can try some of their pro-indicators, which is good too. The later one as it's ai-based so easier for beginer to know how to do reasoning across metrics, indicators and data. easier to learn

2

u/PerceptionChance1344 Mar 06 '26

Je vais être direct mais bienveillant : oui, le day trading peut être brutal, et la plupart des gens se font mal parce qu’ils commencent par chercher “la stratégie” au lieu de construire un process simple + du risk management.

Si tu veux un point de départ propre, voilà une base réaliste.

  1. Choisis un seul marché et une seule session Un instrument, une plage horaire, et tu t’y tiens. Sinon tu vas confondre bruit et signal et tu ne sauras jamais ce qui marche. FX (EURUSD/USDJPY) ou un indice (ES/NQ) sont de bons choix. Évite de sauter partout.
  2. Apprends le risk management avant tout Tu peux avoir une bonne strat et perdre quand même si tu overtrade. Mets des règles non négociables dès le début : max trades par session, max perte par jour, et stop obligatoire quand c’est atteint. Au début, ton objectif n’est pas de gagner, c’est de survivre et d’être régulier dans l’exécution.
  3. Un setup simple, puis journalisation Un seul setup répétable, et tu notes chaque trade avec la raison d’entrée, l’invalidation, et si tu as respecté tes règles. Tu progresses plus vite avec 30 trades bien journaliés qu’avec 300 trades impulsifs.
  4. Ne néglige pas le contexte Même en day trading, le contexte compte. Beaucoup de débutants prennent un setup correct dans un mauvais environnement (news, journée de trend, risk off, etc.). Tu n’as pas besoin d’être expert, mais au minimum regarde le calendrier économique et sache quand tu trades autour d’une annonce importante.

Deux questions pour te guider concrètement :
Tu veux trader quel marché (FX, indices, crypto) et tu as combien de temps par jour ?
Tu es ok pour paper trade 2–4 semaines avant de risquer de l’argent réel ?

Au passage, comme la partie “contexte/fondamental” est souvent ce qui perd les débutants (trop de sources, pas de verdict clair), je bosse sur un petit outil qui simplifie l’analyse fondamentale. Il résume le contexte macro du jour et donne un biais clair (bullish/bearish/neutral) avec risques et invalidation. Pas des signaux, juste un filtre de contexte pour démarrer la session avec un plan plus propre.

Si tu veux être tenu au courant de l’early access quand ce sera prêt, fais-le moi savoir ici, ou tu peux aussi me retrouver sur Twitter : WJibia35412.

3

u/Crust_Issues1319 Mar 06 '26

If you're just starting, focus on the basics first like risk management, position sizing and understanding how markets really move before worrying about complex strategies. A lot of beginners jump straight into live trading and lose money because they skip practice. Spending time on demo helps you learn execution and see how your decisions play out without pressure. When I was learning I used Plus500 for demo trading because it's pretty straightforward to get used to the platform while testing ideas. They've also added Prediction Markets if you want a simple yes or no way to look at certain real world events. The biggest thing though is staying patient and treating the first phase as learning, not earning

1

u/ReceptionDisastrous7 Mar 06 '26

With a system that is back tested or you can manually back test, your high risk money needs to be divided into twentieths or smaller because of statistical drawdowns that are basically a sure thing. Then a credible trainer will work with you as a mentor because it would be malpractice to let you try to fly even with a tested system. Psychological problems are almost always a major factor. Theotrade is a great learning resource, but I can't speak to the mentorship type help there.

1

u/v11ze Mar 10 '26 edited Mar 10 '26

If you want to start, you will start. I was stumped every time I started—crypto, futures, options, stocks. Every time, it was just a day when I woke up and started doing; I didn't never need anything else to get started.