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Why I Quit Full Time Day Trading (Become A Successful Trader)








Traders, today I give my opinion on becoming a Full Time Day Trader. Becoming a successful and profitable trader is hard enough as it is, and quitting everything to become a full time trader is not something I would ever do.

In my opinion there is much better ways on learning how to trade which will increase the odds of success in the long run. Yes it may take longer, but its more likely that you wont end up with the 99% of traders that fail. Be that 1% that succeed and make money.

AFFILIATE
Ultra Capital – Use Coupon Code “NNFXR”
5ers –

TIMESTAMPS
0:00 Why I Quit Full Time Day Trading Introduction
0:55 Why Full Time Day Trading
2:11 Biggest Downfall To Day Trading Full Time
4:42 How To Become A Successful Trading
6:06 Still Want To Trade Full Time?
7:06 My Preferred Method To Being A Successful Trader
9:33 Wrapping It Up

CONNECT
Discord –
TradingView – @Dillon_Grech
Instagram – @Dillon_Grech
Twitter – @Dillon_Grech

DISCLAIMER
You are responsible and accountable! You are solely responsible for your own trading decisions. Information that is shared must be absorbed on the basis of entertainment or educational purposes only, and is not financial or trading advice.

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22 Comentários

  1. I think the best strategy is. Set a daily roundup for your watchlist. After the round up, set alerts where you think your entries would make sense. Then, if u have a job going on and the alert pops. You can just take a few mins of break just to see how the candle closes or something

  2. If someone is a successful day trader, the market is your ATM with unlimited money to pull out. Your whole life is free, if you're a successful day trader. You can walk in any store, price check something, make some trades and come back to the store and buy it with your profits. Same for vacations, buying cars…etc. The key is though, becoming a successful and profitable trader. Once you become that, your whole life expenses are free…compliments of the Stockmarket ATM.

  3. Very much appreciate your honesty and transparency. Keep it up Dillon! One question regarding coding I'm stuck with this one. How do you code when price retests a moving average? For example like in this vid. I'm really stuck on this https://youtu.be/FZUJ_c6LTgE

  4. 96% Day traders fail. Those who said they are profitable probably sells courses or signals and become Youtuber Guru. The biggest one is ICT🤣

  5. Hey Dillon! When you trade NNFX and practice news avoidance do you follow VP's news list or add some of your own? For eg. The oil inventories are not in the list but they effect CAD a lot. Do you change the list? Especially this specific event for CAD?

  6. Keep in mind there are two completely different types of screen time: There is system development time and trading (order entry) time. End of day trading will save you a huge amount of time at the screen, but don't discount the amount of time you will need to invest in development and backtesting. You will need a lot of time to create and develop!

  7. Hi Dillion, stumbled upon your videos on analyzing how well (or no) the MACD indicator works. It was SUPER interesting to see you backtesting/analyzing different trading strategies that other YouTubers claim to be the "best trading strategy". As a beginner to technical analysis, I'm glad that your video popped up on my YouTube feed because I actually went through the free trading modules on the Trading Rush website, and I was ready to apply them on live trading! Thank Buddha that your video popped up! Thank you for taking the time to make those videos!
    I definitely see the value and importance of backtesting, and I am really interested in learning how to do so with an automated quantitative approach. Would it be too much work for you to create a playlist of your existing videos for beginners like me so that we can follow the playlist and self-learn the necessary skills/knowledge?
    Thank you so much for the work that you do! Keep up the good work!

  8. Hey man, good stuff. I'm relatively new at trading and I've definitely come across similar issues to you and have considered doing the same until recently when I found out about prop firms. Not to sell anyone on any particular one but the one I was recommended was talent funding. There are a few different options, but the one that stands out to me is the challenge account where they give you a demo account and monitor your trades for a short while until you prove you are consistently profitable. After the fact you get reimbursed whatever sign up fee and they give you 25-100k+ depending on which you are applying for and, of course, you get a cut of the profits when you trade their money (90% on the first 10% and 80% beyond 10%). Anyways, appreciate the video, thought I would mention this as an option and maybe it helps some people. Happy Trading.

  9. My thoughts is that day trading is maybe good for beginners. Because you need the experience and probably don’t have that much money. Using hour or daily timeframe and maybe take 1-2 trades every week and wait days or weeks, it will take forever to gain experience. Yes you can do backtesting, but that don’t train your psychology.

  10. You were not trained properly as a trader. If you lose money as a day trader, you'll lose money as a swing, position or investing trader. The only difference is time frames. One needs to focus on the trade and not the money. Many components to trading. Learn them and you will be successful no matter what time frame.

  11. I first became interested in day trading because of how it showed me parts of my personal psychology that otherwise I would have probably never became aware of. It was like a magical thing, to observe how the way in which I interpreted the charts on the daily basis changed based on my mindset and emotional state. I used it as a personal development thing.

    Now I trade because I enjoy it, plus the friends I’ve made along the way has done much more for my personal life than any big or small win in the markets could have ever done.

  12. I totally agree you need a full time job, trading small account is a pain it increases your risk of ruin. A winning strategy becomes a loser on a small account. Currently at university then l get a job. Sound advice, thanks Dillon

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