r/daytrade

I have started trading the news and have tried a few different squawk feeds. Do any experienced traders trade this way? If so, which squawk feeds do you use?

Any other tips or advice would be greatly appreciated.

Im looking for anyone with a good skillset in trading pitchforks, the MS Standard and Width forks. and if you use them with trendlines to good effect. I would like to open up a discussion here on useful confluences such as Fib levels etc we can use for precision entries. I have some ideas what do you think? this short trade i took now on a mpl line with similar frequency to the black upsloper and exited on opposing MPL. this sort of thing i want to discuss in more detail with anyone who is familiar with these tools.

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Mick here. Join me this Thursday, August 13th at 11:00 AM CT for a live AMA.

Ask me anything: risk management, discipline, what it takes to stay in the game long-term, mustache maintenance, whatever's on your mind.

Drop your questions below and I will start answering live Thursday at 11:00 AM CT.

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Always feel, there's a gap between daytrading and short-term investing. Or to say it with other words, doubt that all or even the majority of people who call themselves daytraders are really trading this way. Do daytraders trade all of there stocks on a daily basis, or even more frequently?

Quick background — I'm a XAUUSD trader, day trading, and I've got a 9-5 job so I'm not someone who can sit and watch screens all day. I've lost money for the last 6-8 years doing this, and I recently rebuilt my whole approach to trading — since then I'm finally seeing better results.

So I figured I'd share what I've learned along the way — what works, what doesn't — one topic a week for the next 52 weeks.

Week 6: Mindset, the “bible” you should have when you are trading

Every day you wake up with a different set of thoughts, a different mood, a different way of looking at the exact same chart — and none of it has anything to do with the market. It's just you, that day.

The version of you that looks at a chart at 9am after your coffee is not the same version that looks at it at 11pm before bed. One might feel confident and a little impatient. The other might feel tired, cautious, maybe even a bit doubtful. The becomes a variance when you are doing discretionary trading. You are hyped after your coffee, so you trade one way, you are tired at 11pm, and you trade a different way. That is the problem, that mindset change creates a variance in how you trade, which would drift the expected returns and results that you might have as you trade.

This is the problem nobody really warns you about. When you build and backtest your strategy , you are in a different mood and mindset. You are clear-headed, you have clear objective, you are looking at hundred of trades with zero emotional stake. That mindset is the one that actually knows what your strategy is supposed to do. But that's not the mindset you're in every time you go to actually place a trade.

So the real question is — how do you make sure the version of you placing the trade at 11pm, before you go to bed is operating with the same mindset as the version of you who built the strategy in the first place?

This is why I think every trader needs something like a personal "bible", a written reference of the mindset you had when you built your system. Not just the rules (that's your trading plan), but the actual reasoning and headspace behind it. Why you trust it. What you already know it'll do during a losing streak. What you told yourself about drawdown before you ever experienced it for real.

When you're tired, or emotional, or second-guessing a trade at 11pm, you don't rely on how you feel in that moment — you go back and read what you believed when you were thinking clearly. That's the whole point. It's not there to teach you anything new. It's there to pull you back to the mindset that already knows what to do, instead of the mindset you happen to be in right now.

That's the real value of it — consistency isn't about controlling your emotions in the moment, because you can't always do that. It's about having something to return to when your emotions are pulling you somewhere your strategy never agreed to go.

That's what i want to cover for this week's topic. Cheers

Its become abundantly clear that the way I trade thrives in trends, breakouts, and solid continuation. My problem is finding them early. I'm wondering if anyone can point me in the right direction of something genuinely helpful. Even if its a paid service.

Anyone?

True market mastery begins the moment an investor stops asking what an asset's price is doing today and starts analyzing how its fundamental connectivity is mutating. Static frameworks miss these deep structural undercurrents because they average out the very anomalies that signal impending regime changes. Cultivating a dynamic operational perspective allows funds to bypass surface-level noise, capturing the genuine rhythm of capital flow and systemic risk propagation across global exchanges.

I started getting into trading the ORB and want to know what scanner settings and specific rules you follow.

My specific variation is waiting for the first 30M and waiting for a 5M close.

What scanner settings should I use when deciding which stocks to trade, along with any extra rules that you follow?

Please keep in mind that, due to religious reasons, I do not short-sell stocks or trade QQQ/SPY. I only buy individual stocks.

Thank you!

Hello everyone, ive been trading for 1 year and a half and ive been on and off. I trade xauusd. the strategy im using now is the third or fourth i dont remember but im having issues on understanding the strategies. Ive learnt them from courses but i want to know how do people create their own strategies. or how do they merge them. if anyone got advice please tell me because im having issues with this topic...

Traditional distance-based pairs trading often breaks down when asset spreads drift due to changing macroeconomic conditions. Error Correction Models solve this vulnerability by formally testing for cointegration and anchoring trades to a true mathematical equilibrium. The model evaluates both long-run dependencies and short-term market dynamics simultaneously. Consequently, algorithmic systems gain a distinct advantage, ensuring that positions are only initiated when the statistical pull toward fair value is exceptionally strong and reliable.