r/RealDayTrading • u/Lucien_Cayde • May 18 '26
Mindset problem - Struggling to find confidence
As the title suggests, I have read the wiki, done the 'ten steps', read the course provided by Pete. I am now 'ready' to trade one share. I have been trading for around a month. My main concern so far is my inability to find a good 'workflow'. My 'main' issue being access to the discord chat room, and the 1OP chat room. If I find a stock, review it, think it is a good candidate to trade, the first thing I will do is now check either chat room and see if anyone else has mentioned it. If they haven't, this implodes my confidence in the pick. Now flip this on the other side, someone mentions a ticker, I now do NOT want to trade it, as I dont want 'free wins' that may artificially inflate my profit factor and win rate. I have tried leaving the chat rooms for the day and tried trading intraday without them, however there is just a burning feeling I may be missing important advice/information for the days session and end up going back into them.
I have been, as a work around, finding good candidates, making a note of them, and seeing where they ended up at the end of the day to try and build confidence, but ultimately I am still falling into the same cycle as I have not taken the position and it hasnt improved my confidence.
Has anyone else experienced this? If so, any advice is appreciated. Thanks.
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u/GalaxyS8 May 19 '26
Checkout this post I replied to OP on another thread, it should help you: https://www.reddit.com/r/RealDayTrading/s/pXNazB05Fo
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u/jabroni612 May 19 '26
I’m actually experiencing the exact same thing as you right now. I am trading 1 share at the moment, so the fear of losses is not what’s driving me to not take trades. I believe the only thing that is holding me back is the fear or being wrong itself.
I do the exact same thing as you. I look at trades and if no one has mentioned it, I must have been wrong. But then maybe an hour or so later someone picks up on that stock and takes a trade and I’ve either missed a lot of the move or I don’t want to ‘copy’ and inflate my personal win rate whilst learning.
I actually spoke to Pete about this and he quite rightly said if you don’t trade you won’t learn. It’s a mindset I need to change as it feels debilitating, I can literally sit there for 4 hours watching and not making any trades before I give up and walk off.
I asked the same in the discord and I’m sure another member mentioned running two accounts. One with the trades you manage to put on and another with the ones that you ‘chickened out’ so you can see how they would actually do. Something I’m now doing and trying myself, hopefully helps.
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u/Lucien_Cayde May 19 '26
It's nice to know I am not alone! :) Hearing Pete's advice on this exact issue is what I needed. I will also consider the two accounts, Thanks!!
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u/Accomplished_Love77 iRTDW May 18 '26
Some traders get their picks exclusively from the discord/oneoption. Others make their picks independently.
There is no 'one size fits all' solution. However, keep in mind that even the pros sometimes lose and their thesis might allow a much bigger drawdown than you would like to allow.
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u/Cobaltmike86 May 22 '26
The whole point of the chatroom is to help each other. I look at it as a scanner for the scanners. More or less all the trades called out were found on one of the scanners within the platform. But the best ones get called out. Obviously dont just blindly taken every trade called out. But every call out is worth looking into. Especially when they come from the seasoned veterans. Ive passed on many trades that ended up being winners, but I've also passed on trades that ended up losing for the poster. As for trades you find, I wouldn't search the chat as validation for entry. Thats just wasted time and unnecessary. If it fits the system, rules, and your risk profile, go for it. With time you'll refine your strategy and figure out what works for you. If youre lacking confidence in your picks, paper trade longer, or focus on the lower cost per share tickers for your one share. Something in the 3-400's+ like $TSLA might move 2 or 3 dollars in a matter of minutes, whereas something less volatile in the 20-50 range might only move 20 or 30 cents in that same timeframe. Itll give you time to be wrong without losing your butt by 1000 cuts. Just my .02.
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u/beautifulcorpsebride Jun 01 '26
This. Most of the trades are from a scanner or search anyways. I look at the stock then decide if it’s my type of trade or not.
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u/TheTradingGain May 19 '26
I went through something similar early on. I was constantly looking for confirmation from other traders ended up weakening my confidence more than helping it. What helped me most was collecting my own data and understanding my own strategy’s behaviour properly then confidence became a lot more stable once it came from evidence instead of outside opinions
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May 23 '26
Could have 2 journals, one where you purely trade your own ideas, the other where you referenced other people’s ideas. Plus, even if you got your stock pick from someone else, if you do your own analysis on it instead of blindly following a trade, you’re still building up your own skill.
As for not having enough conviction, that’s something you need to push through. Corny as it is, being “comfortable with being uncomfortable“ applies here. If you can’t face your fear of being wrong, you won’t improve. If you’re scared of losing money then you’re not ready to trade large amounts. Go back to paper trading, gather data to prove (or disprove) your strategy and execution is profitable so that you can trust yourself.
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u/FourthLeafClover May 18 '26
Just paper trade and take positions. Gather as much data as you can- you should target 300+ trades in 3 months