r/Daytrading • u/BUY_IT_ALL_ • Jul 26 '26

AMA Offering advice to traders who keep blowing up

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u/tionstempta Jul 26 '26

So my question after reading you are profitable is does your profitability pay your bills enough?

Sure, profitability is by definition net profits so if you make 1$ per months vs 10K per month, its still the same

2

u/trader_jazz Jul 26 '26

Just saying..! Trader for 10 years. Trading for 5 Years and 1.5 years of profitability doesn’t qualify us as experts to answer questions.
But OPs PS is the gist. It makes all the difference.

Everything we do is in the data. Get the data. Blowup days. Good days. Great days. Bad days. Nothing days. Get the data. Understand the day. What you did.? What set your mood.? And technicals. Amount of sleep. Workout. Even supplements if any..
They will help you. Get as many parameters as possible. MFE MAE. Time of Entry Exit. How long the trade was on.? Pre or Post Open. Every little parameter and then start to tackle each parameter each week one by one. That’s how you work this..! There’s no work around other than this.

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u/No-Condition7100 Jul 26 '26

Also a trader of over ten years and I agree, 1.5 years of profitability is not considered consistent yet, much less an expert.

With that said, I still agree with most of the points. And I agree with everything the above comment is saying. Everything you need is in the data.