Day trading losses reddit How many of those green days did you average in or not follow your stop loss? Welcome to FXGears. Reply reply BeardedMan32 • Stop-losses and profit targets will vary on a case-by-case basis. For context i’m 19 years old, I went from $1500 to $11000 dollars with spy scalping then back to $2000 all in 2 months. Some success followed by chaos. In that case, cutting losses are important. Not consistently making money yet. For shorts, do the opposite and place it above the recent swing high. MembersOnline · MembersOnline imgur · We would like to show you a description here but the site won’t allow us. “I’ve lost my life savings five times in day trading,” he Feb 17, 2025 · Learn how to set a maximum daily loss and loss-from-top limit when day trading so a single day doesn't ruin the whole month. Learn practical techniques to balance risk, refine your edge, and master your trading process for consistent gains. Today, I'd like to discuss the three types of day trading losses, and what you can learn from them. Hang in there! With every trade, you either earn or you learn. Another We would like to show you a description here but the site won’t allow us. Regardless of being new or experienced, best thing to do is trade under an LLC. When I say losing streak I mean you’re following your strategy, doing everything right, but still the market just won’t give you a TP Hey man I kind of feel the same, disciplined losses - well until I don’t. 3k, then down to 6. What you have heard about stop losses are suggestions. All long positions involved in the wash sale must be closed by the last trading day of the year in order to "clear a wash sale". Why is this? This article goes into the reasons behind these losses, looking at the challenges and pitfalls that day traders face in their pursuit of quick profits. That’s all it really means for us, use a SL. Hi everyone, I am new to day trading and of course like most people that start out I lost some money (~3k net capital loss). The biggest thing is to keep the losses small and let the wins run with again…tight trailing stop losses. Started Day trading from 15th January and have been seeing some success but my question is how do I avoid these massive losses that take away huge chuncks of my profit. That is trading NOTHING IS PERFECT. If you have to file every transaction, what is the easiest way to assemble and file them besides listing them manually Okay, I have been trading for about 8 months. With no wash sale you only get taxed on 10k but with it being a wash sale you get taxed on 30k even though you only made 10k on it. 95 Net Loss: -4,619. If i get stopped out, but then later realize my SPY has recovered, i will buy back in, but then my cost basis will be much higher coz of the earlier lost. As a rule of thumb, when considering stop-losses, you might want to look at recent swing lows or highs. Why physiologically would you need a stop loss? We would like to show you a description here but the site won’t allow us. : r/Daytrading     Gaming Sports Business Crypto Television Celebrity Go to Daytrading r/Daytrading r/Daytrading Even after passing funded account evaluations, I struggled with maintaining discipline, leading to significant losses and the realization that I couldn't control my impulses daily. Scenario A: I shorted on Tuesday and told myself that if the stock reclaimed a key trendline that I would close my position. Do I get taxed on the 1k difference or the 6k? On the other hand let’s say I sell it for 4K. You will constantly suffer and tend to think that accepting losses requires strong mental strength. Are you in the 3% part ? (I'm only talking about Day trading, any money you make with investing for example, doesn't count) I had 40k initally and was making good money intra day trading options on spy for a month, hitting 90k. Profitable traders, what are your rules for moving your stop loss to break even? Like how much does the stock need to move in… If you are trading crappy penny stocks then just get out whenever you have a profit or 20% initial price. I traded in demo and was very profitable with my strategy. Once I started getting confident with leverage/options, it all went downhill. A lot of retail day traders tend to set stop losses at the same areas like around EMAs, VWAP, or a key level. The live results have been nothing short of devistating and mentally debilitating. Most beginner traders don't realise the importance of getting psychologically and emotionally adjusted to the losses while sticking to your game plan. 80. Day trading over 100k in losses. Your taxes would be based on whatever tax bracket that put you in. . They could be about consecutive losing trades in a day, consecutive red days/weeks/months, or just periods of time when it seemed like a winning trade only happened once in a while. Shit got real. Losses aren’t a good way to measure your learning curve progress. qslfp pup lyqj uhjb bomy cxt ppayp uidgi zmlxs zlqhf aqvhhdbl fldcp vyw xbii nspp