Konebhar6 Posted June 3 Report Posted June 3 2 hours ago, Genuine11 said: I have started day trading SPY in Papermoney account since last 2 weeks. They provided $100,000 as papermoney and I was able to successfully make profits almost every day. I would like to know experts opinion if the same will work with real money I made $2400 profit in 2 weeks It will be a lot different. Your emotions/tension comes into picture which changes the way you trade. Try swing trading. 6 weeks out. You will have a lot more success. 1 Quote
Konebhar6 Posted June 3 Report Posted June 3 1 hour ago, enigmatic said: If it was so easy or straightforward everyone would do it A lot of times it’s easy and straightforward. Real Money, Fear and Greed changes the equation 😂😂 Quote
Variety_Pullayya Posted June 3 Report Posted June 3 2 hours ago, Genuine11 said: I have started day trading SPY in Papermoney account since last 2 weeks. They provided $100,000 as papermoney and I was able to successfully make profits almost every day. I would like to know experts opinion if the same will work with real money I made $2400 profit in 2 weeks only 5 % of day traders see profits over long term. so i would not suggest day trading . buy during dips is a better strategy Quote
Hitman Posted June 4 Report Posted June 4 Lost fortune on day trading bro. Day trading as part time you will end up losing money. If you are committed maybe you can make money. 1 Quote
usetime63 Posted June 4 Report Posted June 4 3 hours ago, Genuine11 said: I have started day trading SPY in Papermoney account since last 2 weeks. They provided $100,000 as papermoney and I was able to successfully make profits almost every day. I would like to know experts opinion if the same will work with real money I made $2400 profit in 2 weeks Continue the practice. Always follow the plan, especially cutting losses, max loss per trade, max loss per day strict ga follow avvu. Once you have more green days then increase size , start with small size. Good luck, you don't have to be green everyday, most green unna, eventually you will work it out. Quote
phatposts Posted June 4 Report Posted June 4 first job maaneyyi, tarvata sangati tarvata chooddam Quote
Rendu Posted June 4 Report Posted June 4 6 hours ago, Genuine11 said: I have started day trading SPY in Papermoney account since last 2 weeks. They provided $100,000 as papermoney and I was able to successfully make profits almost every day. I would like to know experts opinion if the same will work with real money I made $2400 profit in 2 weeks Quote
Genuine11 Posted June 4 Author Report Posted June 4 main reason of picking SPY is, if the stock price goes down then I would like to stay away until it gets back to the same price I bought. I am implementing price action strategy. Not 100% sure if this is a good long term plan. Eventually I want to replace it with my IT job 1 Quote
pandemkodi Posted June 4 Report Posted June 4 Real money is where your emotion kicks in … with paper money no emotion Quote
Popular Post krishnaaa Posted June 4 Popular Post Report Posted June 4 7 hours ago, Genuine11 said: I have started day trading SPY in Papermoney account since last 2 weeks. They provided $100,000 as papermoney and I was able to successfully make profits almost every day. I would like to know experts opinion if the same will work with real money I made $2400 profit in 2 weeks Day trading gives you peanuts.For that 2400 you will have to pay short term taxes. Failure rate is also very high. This is how I had started. Real money is in long term buy and hold. Comparatively less effort as well. Your mind will be blown how much money you can make long term. People overestimate how much money they make short term and underestimate how much money can be made long term. You can follow me here https://stocktwits.com/thelasthope Always do your own research though. 3 Quote
Android_Halwa Posted June 4 Report Posted June 4 8 hours ago, Genuine11 said: I have started day trading SPY in Papermoney account since last 2 weeks. They provided $100,000 as papermoney and I was able to successfully make profits almost every day. I would like to know experts opinion if the same will work with real money I made $2400 profit in 2 weeks Looks promising.… Bro, referral link vunte share chestava ? Nenu kuda join avutha, paper money tho practice chestha… Maa manager gaani lolli barinchalekapotunna bedaru…daily 2k ante not bad kada Quote
Keth Posted June 4 Report Posted June 4 3 hours ago, krishnaaa said: Day trading gives you peanuts.For that 2400 you will have to pay short term taxes. Failure rate is also very high. This is how I had started. Real money is in long term buy and hold. Comparatively less effort as well. Your mind will be blown how much money you can make long term. People overestimate how much money they make short term and underestimate how much money can be made long term. You can follow me here https://stocktwits.com/thelasthope Always do your own research though. I totally agree and I'm the living example to that scenario. I did both and after a while, I stop giving suggestions on stocks because many follow blindly without doing their research. One needs to learn and earn financial discipline, it cannot be taught. Nice site, bookmarked. Watchlist and news section is nice. 1 Quote
Keth Posted June 4 Report Posted June 4 9 hours ago, Konebhar6 said: A lot of times it’s easy and straightforward. Real Money, Fear and Greed changes the equation 😂😂 9 hours ago, Variety_Pullayya said: only 5 % of day traders see profits over long term. so i would not suggest day trading . buy during dips is a better strategy 9 hours ago, Hitman said: Lost fortune on day trading bro. Day trading as part time you will end up losing money. If you are committed maybe you can make money. no matter how many times we tell, no one listen. they must experience it. Let them loose and they may gain long term with learning. Quote
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