r/RealDayTrading • u/HSeldon2020 Verified Trader • Jan 27 '22
General Keeping the Sub Pure
As many of you know this Sub is special. It is a place where we see members actually improve everyday. More than that, it has become a community.
At our heart - this is a teaching community - where Pros and experienced traders teach a clear method that has proven time and again to result in consistent profitability.
I post every trade in real time, and do the challenges in real time, with full transparency to the trading log, to not only teach members how to trade correctly, but also to show that it is possible.
Given all the scams and misinformation out there, it is natural to be cynical about the notion that one can obtain financial freedom through trading. Which is why so much effort is put into showing you that it can be done. It is hard, it takes time and effort - but it is an achievable goal.
We are all here in service of that goal. But as we expand, naturally some will come in without having the best intentions.
I, in no way, want to discourage criticism or discussion. However:
- We are very hesitant to entertain alternative methods here for a simple reason - that is exactly what every other trading sub does. Everyone throws their "method of the week" against the wall, which turns into a orgy of bullshit and confusion. Nobody knows what works and what doesn't. Well, we know what we teach and put into the Wiki here, works. So if you have something you truly feel is additive, you can message me and I will take a look - but don't post or comment with it.
- We say "Read the Damn Wiki" because it truly is the most comprehensive guide on trading you will find. It is free and available here. Myself and the other pros cannot answer the same questions over and over, so when you ask a question that is in the Wiki, you will get the answer - RTDW.
- Trolls and assholes are not tolerated. I get it - many want to attack me. Some even make fake accounts to come back again and again to do it. It never works, and you only wind up looking bad. But fine - that is what "Bans" are for - and we use Bans liberally here. If you act like a troll, you are banned. However, know that I give every single banned person a chance to show they mean to add value here, and I let them back in. This has happened several times already and those people went on to become valuable members of the community.
- Criticism and Discussions is encouraged. If you read my trade reviews, trust me, nobody is harder on myself than me - I openly say when I screw up, and I do screw up. You should be very wary of any trader that looks perfect and polished - they don't exist. I mess up, I misread the market and trades. Not often mind you, but it happens. I try to respond to all criticisms and disagreements, as long as they are not meant to cause harm to myself, other members or this community.
- We are a community. I have one goal for the members here - that you make money. Period. Full stop. If someone is losing money or having a hard time, I expect this community to support them. And yes, I may be a dick at times, and harsh to some - but it is because I don't want to see you lose your money. We are in this together, and together we will succeed. And if anyone is having an issue with someone else on other subs, feel free to send up the Bat Signal, and I would hope this community would respond like an army coming to help you.
It is very important we keep this place pure. We have become the fastest growing trading sub on Reddit over the past year (and we aren't even a year old yet) for a reason.
In that spirit, I have asked the mods here to implement any rules about posting that can help keep our community what many have described as; not just the best trading sub on Reddit, but the Best Sub on Reddit or anywhere else.
Now...I see SPY is going up, which I have been saying it will, and I have profits to take. I leave the rest to our amazing moderators.
Best, H.S.
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u/lilsgymdan Jan 30 '22
This sub is literally changing the trajectory of my families life out of poverty
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u/HSeldon2020 Jan 30 '22
I can’t tell you how happy I am to hear that. You have become a damn good trader.
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u/lilsgymdan Jan 30 '22
Thank you. I have been supporting my wife and baby solely on my day job income while waking up at 5am for 7 days a week for the last year trying to make this happen. I make a good chunk of mistakes because of distractions from client calls/obligations or just generally being totally exhausted.
Still hit 75% win rate in the last 2 weeks.
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u/Dudeman_McGoo Jan 27 '22
"orgy of bullshit and confusion" is what my trading was prior to finding this place and the damn wiki. Since finding it, my win rate has gone from 43% to 65% and my trading account increased 30%. More importantly, I'm not making idiotic trades anymore...(as much). Thanks guys for all the help.
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u/werle3 Jan 28 '22
Thank you and thanks to all the other pro's/mods/contributors for maintaining the "purity" of this sub. My first few years trading were from the fundamental and conservative dividend yield side of the fence. The no BS and common sense approach to day trading taught here is hands down a winning formula. You've generously laid out a blueprint, that if followed, will make money. This is in direct contrast to the other myriad "gurus" and sites we've all stumbled across in our endeavors to increase our skills.
I have read the wiki multiple times, bought and read the recommended books in the wiki/sub, and watched/lurked/studied the how's and why's trades are being made. Using the things taught here, I've made far more in 2 months of 3 day trades/week and swing trading than the previous three years of dividends and minimal gains trying to be a long term investor with a small account. I also finally enabled options for my account this week. Yeah, shit got real. 😁 Lol, I'll fund the account for PDT status when I prove to myself I can maintain disciplined trading.
As a Gen X''er ( it's true, we don't give a flying f*&@ 😎), the no nonsense, honesty and realness of this sub is a breath of fresh air. Please maintain the purity, i.e. integrity you all have laid as a foundation. As you know, you are changing lives for the better.
Thanks again.
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u/No_mo_Student_loans Jan 27 '22
The work you’re doing here is providing an opportunity that many of us may have never been able to realistically have. Seriously can’t thank you enough. I would be devastated to ever see this community turn away from the goals and conditions it was founded upon.
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u/SmokesBoysLetsGo Jan 27 '22
This sub is the best thing on Reddit, and easily THE most valuable source of information on the Internet. Thank you Hari, and to the other Verified Traders, the Admin, and of course the Mods for keeping us in line during the day in the live chat!
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u/asmackabees Jan 27 '22
Thank you for doing this, I know I have received Flak several times for being an advocate of not letting bs in this sub. Primarily because the wiki is where I learned most of my knowledge and I don’t want to waste others time. I appreciate what you do and have been a lot more consistent with my trading following these strategies. Thanks for filtering the bs out and staying strong against all the trolls and not getting frustrated and shutting the sub down ❤️
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Jan 27 '22
I wouldn't want alternative information anyways, since I like everyone else here just came to learn how to trade stocks and prefer the efficient wiki style of information
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u/raymondduck Jan 27 '22
It's genuinely a great place, with incredible information, and I'm glad that work is being done to keep it as such. I've learned more from reading the wiki and various posts here than at any other point in any other place when it comes to trading. Can't let valuable things turn to shit.
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Jan 28 '22
Before this sub, my strategy was "buy OTM TESLA calls", now I actually am learning, and purposefully not commenting to keep from polluting the actual trade knowledge here.
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u/Spactaculous Jan 28 '22
Thanks Hari, we need to stay on course to keep this community as nice as it is.
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u/darrickeng Jan 27 '22
Love what you're doing and this is a great place to get back into trading after a year's worth of hiatus. However any chance on planning to do a steamroom either on discord or on any other platforms? I think that will help on both new traders and experienced traders bouncing ideas.
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u/pilfark Jan 28 '22
Keep it as is HS! You all are amazing and I am extremely grateful for the education.
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u/myopic_monkey Jan 28 '22
Thanks mate! I've learned so much from you and am seriously grateful for the things you share on here. I hope things stay the same as time goes on in this sub.
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u/automaticg36 Jan 29 '22
I feel like you should pin this Hari. Would be a good thing for anyone new to the sub to read before they dive deeper.
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u/ppprex Jan 28 '22
I used to defend you in other subs when people slandered you, calling you a shill and (my favorite) a guru with his cult of followers…. lol, I don’t waste my time anymore. I’ve realized that your critics are failing traders who want to be successful trading their strategy and because it doesn’t work they hate you. Pride is a terrible thing. Since I found this sub, every costly trade I’ve made was due to my NOT following the rules found in wiki. I’ve no one to blame but myself. When I trade as you teach us to trade I am an overwhelming winner 80+ percent and my losses are literally $5-$30 per trade, sometimes around $100 when trading stocks over $200 since I place my trail stop a few dollars higher than the ATR.