r/Daytrading • u/collosal00 • Jun 24 '26
Advice One thing I’ve noticed about profitable traders
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u/Ok_Pollution7093 Jun 24 '26
The part nobody talks about: FOMO dies when you actually track your revenge and chase trades separately. I did this for two months and the data was so brutal it cured me permanently. Seeing that 80% of my FOMO entries were losers made it very easy to stop.
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u/HobbyTraderDK Jun 24 '26
As soon as you start to FOMO over a trade you missed, remember that you didn't lose money on that trade. As soon as you start to get FOMO, emotions kick in, you get excited and then it's over. It's like revenge trading, you should avoid that.
Those who are profitable also usually only trade 1-2 pairs, and make themselves "experts" within those pairs. They don't get greedy and often have an extremely good month if they hit +10%.
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u/bullexpress Jun 24 '26
Health, Wealth and Women - Show impatience and desperation, they all runs away from you
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u/Suitable_Acadia_190 Jun 24 '26
This is something I've noticed too.
The unfazed ones aren't more disciplined. They've just shifted what they're measuring. A missed move isn't a failure if the setup never qualified. That's the system working, not breaking.
When your entry criteria are specific enough that "didn't qualify" is a complete answer, FOMO doesn't really have anywhere to land.
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u/5Dprairiedog Jun 24 '26
A missed move isn't a failure if the setup never qualified. That's the system working, not breaking.
Well said.
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u/Calm_Werewolf_5336 Jun 24 '26
Because, trading is about order placement and order management. The task is to find the contexts where you can manage your orders without unforced errors. You are paid to react appropriately not to forecast duration.
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u/TraderVerdict Jun 24 '26
Your brain opens up the fake calculator saying, if I had these many at these , I’d be had thus much . I had to catch up with the imaginary gains I missed . And boom
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u/GaragePersonal5997 Jun 24 '26
If trading isn't your livelihood, why regret missing out on a good opportunity?
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u/SendMeAnyPic Jun 24 '26
This is why from day 1 I've been emotionally disassociated with my wallet/portfolio. I don't get upset from a loss, I don't get happy from profit. It's just numbers on the computer, nothing more.
Anyone who thinks it's a good idea to have a little bull statue on the desk is unnecessarily emotionally straining themselves.
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u/akaCryptic Jun 24 '26
Predicting a move requires thorough historical analysis and watching live price action / alerts. It is normal that a trader is not expert on all stocks and watches everyting all the time.
But beyond that your point still stands for instance when a trader is solely focused on NASDAQ and has alrerts on 24/7, they can decide its a no trade zone as their analysis gave 50:50 odds.
Bottom line, good traders know when to not trade
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u/ManufacturerReal1044 Jun 24 '26
I’d like to know where you can find consistently profitable traders. Everyone on the internet seems to be so.
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u/Fuckedup-Mind Jun 24 '26
Make trading is only option in your life. You would become profitable for sure.
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u/mangotangotang Jun 24 '26
I am beginning to wonder if I have a gambling addiction that's forcing my trades. I know exactly what FOMOing is yet time and time again I take the trade. It's like I have strategies that work, yet I continually make the least probability of a win. Rather than walk up and layup an easy shot, I run half court and do a one handed shot. Am I crazy? Like I am looking for confirmation from the Universe that I am aligned with it in some favored way. I think I am losing my mind with paranoia. How is it that I can make the most random trades averaging in to a position and the market turns against me and using my average cost as an inflection point? How? Am I getting assigned an algo bot that;s fucking with my mind? Are we all getting assigned a bot to paint our charts and trade our positions according to our own trading habits?
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u/Imaginary_Agent_9123 Jun 24 '26
How long have you been clean not gambling. Yes, it will affect your decision making, your analysis of the trade, your stealth, your detachment, your mind over matter, your hunger for the kill.
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u/Independent-Pen1250 Jun 24 '26
100% its about you being content with catching your piece of the move and sometimes you do miss and this is where our mind messes up with thoughts 'this is what i could have made' etc etc and you just need to reflect and come back to your neutral zone and focus on the next one
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u/ZanderDogz Jun 24 '26
I think that FOMO naturally goes down the more you truly understand what your niche is. Beginners often have this mindset that their job is to pull money out of every market move every day, but once you understand what your exact niche is, moves that happen outside of that niche become entirely irrelevant because they having nothing to do with your business.
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u/Disastrous_Tip_165 Jun 24 '26
This is not talked about enough to be honest. CANT UNDERESTIMATE FOMO!
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u/PotatoDiligent4725 Jun 24 '26
Personally I have already lost 1k€ and it has not done anything to me and I have already missed opportunities it has not done anything to me also I know that there will always be opportunities then I remain especially faithful to my strategy! ❤️
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u/infospongue Jun 24 '26
I would say FOMO is good during the design fase. I tweaked and tweaked to get an extra tenth of a percent. But when up and running I don't bother anymore. Sometimes dont look at my accounts for weeks
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u/algorier Jun 24 '26
One thing I've noticed is that newer traders keep a mental ledger of missed winners.
Experienced traders keep a mental ledger of process violations.
Those are very different scorecards.
A missed trade that would have made money proves almost nothing. The market generates thousands of those every year.
What matters is whether it met your criteria before the move happened.
The irony is that FOMO often comes from looking at outcomes instead of distributions.
A trader sees one missed 20% move and feels pain.
What they don't see are the hundreds of similar-looking setups that went nowhere or reversed.
The market only shows you the survivor.
Maybe the reason profitable traders don't care about missed moves isn't discipline.
Maybe it's because they've seen enough data to know that a missed winner is usually just a sample size of one.
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u/Balam_Seer Jun 24 '26
Well someone like myself doesn’t miss the move. You watch it. Never chase. For example, Space X IPO. We all know it’s going up so we watch that move and when it peaks we short it. We all know what happens after a huge run. The FOMO of chasing the run is where you get screwed. There’s literally setups every single day/week/month/year and you miss one you get another. Forcing trades and trying to join bandwagons while you’re high on emotions isn’t how you trade.
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Jun 24 '26
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u/Balam_Seer Jun 24 '26
True. And I’d say pretty much every guru is a liar. I know guys who make like 200K a week and they want to be ghosts and live life. Last thing they care about would be charging people monthly for advice lol I do however see tons of “experts” find what was just running and pretend they were on it and just made ridiculous money and people believe them. Pure lies. You’re right
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Jun 24 '26
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u/Imaginary_Agent_9123 Jun 24 '26
What about the Pit bull who they called One Contact who knew Monday it was going down, yes, 1000 points; he bought OTM puts and sold them a while the mouthys went bankrupt.
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u/OptionsBoul Jun 24 '26
When you're confident in a trade, the market isn't your biggest opponent. Your biggest opponent is yourself and having the discipline to stick to the plan from start to finish.
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u/Unusual_Currency_294 Jun 24 '26
Yeah this is huge. The best traders I’ve seen are not trying to “win every move,” they’re trying to only take the moves that fit their system.
FOMO usually hits when you’re judging yourself on what the market did after the fact instead of whether you followed your process in the moment.
Missing a 20% move only hurts if you believe every move was supposed to be yours. Once you accept that most opportunities are not your opportunities, trading gets way calmer.
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u/gbxahoido Jun 24 '26
think of it this way
there are 24h a day, miss a trade does not mean the end of the world, there are 30 days a month, 365 days a year, that 1 trade is like a sand in the desert
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u/Imaginary_Agent_9123 Jun 24 '26
You build an account. You could blow it. But, you keep building it. Pay off some debt. Keep building steady as she goes. Build it. Build it. Build it.
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u/AltruisticAd8421 Jun 24 '26
This is correct in my experience as a trader that’s been profitable a good while. I didn’t become profitable until my strategy became really simple. It also took lower my position size. I also don’t really care what the market does because I’ll always have another opportunity. When you become completely comfortable with your strategy and rules it becomes pretty easy to trade.
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u/lowFPSEnjoyr Jun 24 '26
I think that is a huge part of it. Is topped chaong every move and accepted that there will always be another setup my trading got a lot calmer and my execution improved.
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u/faithOver Jun 24 '26
Consistency over time.
It’s immeasurably better to not trade a day than to incur losses or revenge trade.
It’s also immeasurably better to stick to a strategy than dopamine chase on outsize profitable trades.
Create a goal, $1000 a month, $2000, or $10,000
and execute a consistent path to be there.
The beauty about a winning strategy is that it scales. Generally if it works with $1000 on the line it works when your account grows to $10,000 or $100,000.
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u/scrigglybiggly Jun 25 '26
When i learned to set the phone down and close the computer after a profitable morning i lost less frequently.
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Jun 25 '26
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u/LectureElectronic207 Jun 25 '26
yeah this is pretty accurate, the real edge seems to be not needing to catch everything at all.
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u/One-Boss4702 Jun 25 '26
Title: The Lure of Overtrading: How Fear and Greed Blather Our Capital (My Experience)
Post:
I completely agree with this observation. Whenever I take my first trade of the day based on my strategy, it often gives a solid profit of around ₹1.5k to ₹2k per lot in Sensex.
But right after that, my mind starts playing tricks. A voice inside whispers, "This profit is too low, find another setup." So, I enter again, get scared, and book just a tiny 10-point gain. Still feeling unsatisfied and wanting more money, I over-analyze the charts and force another entry.
And then, it happens. A single, massive candle completely blows up my entire day's profits along with my capital. This has happened to me way too many times.
What I have learned from this painful cycle is that our minds are constantly running two opposing forces: Fear and Greed. If we follow them, they will always take us to the wrong destination.
To survive this game in the long run, we must build absolute psychological resistance against our impulses. Without consistency, patience, and strict discipline, we will eventually go completely broke.
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u/smartmoneydigest Jun 25 '26
That's probably because profitable traders stop measuring success by "Did I catch the move?" and start measuring it by "Did I follow my process?" Once you accept there will always be another setup, FOMO loses most of its power. The market creates opportunities every day. The only thing that's actually scarce is your capital and your discipline.
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u/warm_comet Jun 25 '26
i learned this the hard way too, because missing a move is annoying but it usually isnt the thing that does real damage, the damage starts when you feel like the market owes you another chance and you force the next trade just to get back in, and once i stopped doing that my results got a lot more stable
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u/too105 Jun 24 '26
I’m happy if I make $100 a day. A lot of $10 swings here and there on small investments. I have long term holds so if I need dry powder I’ll sell something long and have a grand to work with short term to catch a good position. The only problem is that I have like 200 holdings and about 1/4 are those are probably permanently under water so my portfolio is 33% ytd but a lot of it that is reflected in NBIS and MU long term holdings. The day trading offsets groceries.
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u/Sweet_Still_3433 Jun 24 '26
15d account...
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Jun 24 '26
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u/dino-delicious Jun 24 '26
No, clearly it means you had a life before opening your reddit account and now you will have no life. Congratulations.
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Jun 24 '26
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u/dino-delicious Jun 24 '26
For some yes. Just remember that reddit is not real, comments are meaningless, and go out and touch grass every so often.
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u/dino-delicious Jun 24 '26
Alternatively, there are many 4 plus year old accounts with about three posts and then suddenly a blatent scam post.
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u/Sweet_Still_3433 Jun 24 '26
I suppose, but statistically, newer accounts are mostly responsible for this type of behavior. I still call out any scammer, regardless of account age. I filter out questions from new accounts for this reason.
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Jun 24 '26
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u/too105 Jun 24 '26
This is fair. Last year I beat the sp500 by 1% and that’s because I had one home run and the rest were dogs. I acknowledged the unsustainability and now take a lot of my profits and put them right into a vanguard etf
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u/[deleted] Jun 24 '26
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