Could these moves be predicted? Hello I'm a beginner in trading. Last night, my Stop Loss was triggered for a short position on SonicUSDT.P crypto futures due to a price spike at midnight. Looking at the attached screenshot (or https://www.tradingview.com/x/QZwr5CzI/) would you predict the upward price moves? Do I need to use other/additional indicators? I'd appreciate any advice so I could turn this small loss into a lesson Maybe I should have pay attention to the fact that there are not many liquidation zones underneath? [15-minute timeframe](https://preview.redd.it/hrdljrtli3ce1.jpg?width=1148&format=pjpg&auto=webp&s=0d7258a115deb95314899b0d849cc8991d162fad) 3 0 replies
Intelligence and academic needed What kind of education and math skill requires to become a consistent profitable trader? Is it more psychology and discipline game rather than academically sound? I highly doubt getting a degree in Finance or attempt to pass a CFA would help? Appreciate it! 5 3 replies
Backtesting tools and what to look for? I see the portfolio visualizer for backtesting tool. I see basics similar to fidelity fund for 10 years and compare but what else should look for while checking. I see here everyone asking to backtest? What do you specifically look for? Any pointers or links? Thanks much! 3 2 replies
Explain it to me like I’m 5 What is the difference in stocks and options? It seems like people always post big gains from options trading. 4 7 replies
What is your draw down threshold and historical performance? I am experimenting a new strategy that shows a max of 16% drawdown from a peak. In terms of timeframe the longest drawdown period was 4 months. This is from year 2020 through 2024. Total profit was 380% in 5 years. Would you consider this an acceptable strategy? 3 2 replies
Webull vs thinkorswim vs others? Im trying to find out which broker is best. From what i looked webull has lowest interest rates for margin. And i hear you can short on Webull. So why would someone pick ToS or Fidelity over webull? 4 8 replies
What’s your opinion about trading signals? I get daily ads on Instagram about free trading signals from “experts” who promise financial freedom and success through following their advice on trading. What’s your take on this? 2 17 replies
Scalping Is there a scalp trading platform that I can use similar to trade ninja where I can trade real shares like Tesla and spy? Being Muslim trading futures is not allowed for me, but I like the videos I see about trade ninja where I can move my stop losses up and down on the actual chart 1 3 replies
long gbp/jpy https://i.gyazo.com/911ddab1daa916507d3c6f154908ba6a.png not sure if this will reach take profit by the end of the week hopefully reaches half way maybe let's see 3 0 replies
Favorite Resource for Insider Trading Transactions? Aside from the SEC Edgar database itself, do you have any favorite publications or websites you like for insider trading activities? 1 1 replies
Trading platform I watch some videos of peopletrading and they could draw their targets and stop losses directly on the chart and move the stop loss up or down live, trailing the price movement and making an immediate sale. Which platform does this? Thanks! 4 1 replies
Passing a 5k challenge I purshaced a 5k challenge from the 5ers , I have been trading and learning in last 2 month but I still have no strategy , I only use trends and support and resistance levels , don't tell me to learn in a demo cause I can't I need some sort of motivation , if there is no money I lose interest in learning , I found that propfirms are a good way for me to learn and stick to it , so what do you guys advice me... 1 5 replies
Trading platform for options Hello all - A year ago I moved from eTrade to Robinhood because eTrade would not enable options trading on my account. They did not provide a reason. I'm now at a point where I'd like to move off Robinhood, for several reasons, and have considered a few platforms like IBKR or Fidelity. I suspect that neither or these platforms are guaranteed to enable options on my account. Has anyone experienced a similar thing with eTrade and have you had better luck elsewhere? The prudent thing may be to... 2 0 replies
Beginner question on why leverage isnt 'meant' to be used long term. Iv been trading for a little over 6 months, and learned about leveraged trading. From how what I understand, it allows me to amplify both profits and losses when trading CFDs, in the form of a loan from a broker. I came across a lot of information when looking into it a little bit that basically suggested that leveraged trades are very short term, but I don't really get why you wouldn't use leverage on long term trades, especially if there are no fees involved? For example, if I... 4 4 replies
Careers? I kind of wanted to understand what the outlook or opinion is on careers in the trading or financial industry is. Not as independent full time traders, but working at a financial institution like thinkorswim/charles schwab or prop firms like topstep and mffx etc. are there career opportunities there? I kind of wanted to explore the opportunity or options. Even if it ranges from technical support to managers etc. 5 1 replies
Hi everyone! I want to dabble into trading options, particularly 0DTE. Could I get some advices on how to start and deets on the tools you are using to track IV? Just want to ask if there is any guide posted here that I can read through such as brokers and also tools I can use to know the IV? Thank you so much in advance for your generosity with your knowledge. I appreciate it. 4 5 replies
fires in LA unfortunately the city is going through horrible weather right now to say the least. i know there’s always a paper trail for almost everything. i’m not talking about conspiracy theories either. in terms of stocks/trading is there anyone in this sub that can point out which ones to monitor? i’ve been seeing a lot of posts online saying insurance companies canceled a lot of people’s policies recently so they’re no longer covered for fires or something like that. i don’t know if that’s true or false. can someone clarify... 2 5 replies
Does binary options count as trading? I know that most people believe Binary Options isn't real trading for the simple fact that you aren't actually buying and holding anything. There are no contracts, nothing registered. However, all of the analysis you'd do in forex is still valid. Everything you learn to trade the real markets are valid and you can trade binary options on the open markets that are the exact same graphs as presented on trading view. So in this sense it is very legit and not casino, the broker won't trick you out... 2 3 replies
Im actually profitable trading stocks but loss money on crypto. What I realized its very hard to trade crypto. Its too fast moving and because its 24/7, you have to be practically glued at the screen at all times if you do lower time frames. Yes you can trade higher daily time frames but the itch always gets to you to do it at lower time frames and fomo is real in crypto plus with so much margin available its easy to screw it up or make stupid decisions. Also, anxiety is through the roof because its so volatile... 4 17 replies