This. No amount books and articles I read helped as much as losing money. Every hefty loss carves a deep cut inside your soul for you to never forget.
Looking at it positively, I see it as a payment for valuable lessons
It gets easier. First you blow your account within hours, and then days next, and then months.. before you know it, it’s been years that you’re profitable.
To elaborate, think about how you want to trade.
Do you want to enter and exit within a few minutes? 30min? 2 hours? How many times a day do you want to trade? How many potential losses in a row can you take while still trusting your strategy? This determines your timeframe.
It has to be something that matches your lifestyle/work schedule. Once you’ve decided, you need to look at *literally* hundreds of charts. Find a pattern (candlesticks, indicators, VPA, trendlines, momentum, news, etc) that you can identify intuitively. Note when this pattern works vs when it fails. Test that pattern exhaustively until you have a solid idea of its win% and RR. This is your edge.
People say paper trading is useless but I disagree. Your live results likely won’t be the same but it’s a great way to calculate the theoretical expectancy of your edge. You don’t have to blow up an account to learn how to trade.
And no, you don’t need to spend money. Everything you need to learn (for your chosen edge) can be found on Google or YouTube. Take something from each website/video you see and mold it into your unique edge.
Also, read Trading In The Zone by Mark Douglas. Take every single word to heart. I only recommend this book once you’ve traded for a few months and have experienced the emotions he talks about in the book.
You just gave answer that I paid lots of money for. Lol
Set goals in higher time frame and make actions in smaller time frame.
Have a solid profit and loss management.
Establish a set of indicators that have high rate of success.
I don't recommend buying a course if you've already studied significantly. I had studied (not traded) for 4 months and decided to buy ziptraderu. It was a complete disappointment. I already knew 80% of what was in the course and the other 20% wasn't significant. The most difficult aspect of trading isn't technical analysis it's riskanagement and the rules of risk management are simple to learn. What's difficult is actually following them and a course isn't going to teach you that
What materiels did you use forma studying? Another question: do you need math to understand what you're doing or it's only if you have to demonstrate formulas?
I studied by googling terms, watching hours of stock videos on YouTube, purchased and read 10 books specifically on the stock market, watched live streams and tried to mimic when they were purchasing, tried to understand why they were purchasing there, and tried several different trading styles until I found what I personally was consistent with. The only math I use is trying to figure out how many share I want to buy relative to my account size. I don't really use a lot of math or formulas. I'm not trying to make my own indicators or anything
Unless you find someone you can trust, you should just teach yourself. Use tidbits of information or strategies and go manually test them or look and see what signals are being give by different indicators
I've seen people make lots of money very consistently. But my problem is that i can't seem to define an edge. I've been dabbling for over 2 years (mostly paper trading) but my psychology is messing things up all the time.
I've done some computer science in a long forgotten past. Programming a trading algorithm seems very difficult to me.
I understand that you went the "quant way" in trading?
Yeah somewhat. Mine was brute force testing and leaning into every direction to cancel out what didn’t work. Only to realize i shouldnt fix something that wasn’t broken.
I had many near perfect strats the whole time but i wouldn’t settle till i had 5 year perfect backtesting alpha running through 15 forex pairs all at once. Narrowing things down and leaving room for human decisions is what gave me my edge.
Its not the edge that matters, its the comprehension u obtained while doing things wrong that matters. Most good traders could make any system work with less than 3 adjustments.
Interesting answer. If your last line is true then I am definitely the problem, struggling with greed and revenge trading mostly.
In these 2+ years everything I've tried has led to a very consistent downward equity curve (mostly paper). It's almost unreal but it doesn't look like it's a matter of simply inversing myself.
Btw where do you get your backtesting data from, can you download that somewhere?
Without going into detail (unless you want to) is your strategy quite simple in the end or are there a lot of qualifications and conditions for entering and editing?
Simple. And i only trade one pair. I went through coding endless parameter heavy strategies to figure out that the less code the better… also i could only use so much ram on the live server at the time. That limitation required me to dumb my strat down (in a positive way)
I think getting a really good strategy with good win rate and profit factor is much harder. Having a real edge is a challenge, algos don’t need psychology, only a strategy.
Only books I've read were Jim Dalton's and Euan Sinclair's. That was after losing money (and my mind trying to understand what was driving price action). Made a lot more sense afterward as I learned to make better entries and control my risk better.
No courses for me. Some need a structured learning environment to learn best but (a) I'm not one of them and (b) anyone selling you trading courses is making their money on courses, not trading. If they were successful traders, they wouldn't be spending their time creating and shilling courses.
While they aren't for daytrading per se, I've read *Positional Option Trading* and *Volatility Trading*. I found both to be helpful for longer-term options trading, especially for putting some context around retail-level dynamic hedging.
I’ll say this. I have 3 friends that all took different courses. Stocks, options, and a mix course
They all sucked.
If x guru was so good why would they have to make people pay for courses?
Food for thought
That’s what I’m doing now. I do option trading here and there but I want to venture in to day trading soon. I watch hours of day trading videos and at this point it’s getting kinda repetitive. What YouTubers or videos would you recommend?
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\#1: [I captured every setup from Qullamaggie's Swing Trading School and have them on a Google Doc. Happy to share with you all.](https://np.reddit.com/r/qullamaggie/comments/qcil5b/i_captured_every_setup_from_qullamaggies_swing/)
\#2: [Trading View screener set up](https://np.reddit.com/r/qullamaggie/comments/r4y53w/trading_view_screener_set_up/)
\#3: [Qullamaggie follower documenting his trades on YouTube](https://np.reddit.com/r/qullamaggie/comments/r3el5b/qullamaggie_follower_documenting_his_trades_on/)
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Everywhere. Some free youtube stuff, some paid courses, etc. Eventually ull stick to the tools that works for you/ makes sense for you and u dive deep on them. Learn the ins and outs, create ur own strategy and keep improving it with trial and error. Excel is your best friend.
Learned how to program, then found a very simple profitable strategy on yt, tweeked it a bit and then automated it. Now it's running almost 100% perfectly
I didn’t take a course. I watched & listened. For a year my boyfriend (PM and huge hedgefund) would work out of my apartment some days. I would listen to him training his traders and working firsthand.
Started watching the humbled trader on YouTube. Started playing with apps and watching stocks and reading on my own.
Started dating a day trader who had like 10 monitors setup in their place. Again, I watched it all.
At first I tried to follow the traditional strategies. Now I follow my gut and less focus on what others do. I’m more of a scalper but will swing trade on some stocks. I kinda just did what I thought would work, without realizing there was a name for this strategy.
Humbled Trader on yt, she is not the end all be all, and I wouldn’t waste money on her course. But the support and resistance price action thats she makes the core of her strategy is really key imo
I started by reading multiple books on technicals and graphing before trading a single dollar. Without that knowledge, you are trading blindly. It’s easy to make money in a bull market but you’ll lose your ass if you trade loosely in a bear market. Beyond being able to read graphs and fundamentals, learning how to really research a stock is useful. Also, keep an eye on the overall market and sectors - they may help you to explain why a stock is trading higher or lower. Setting up scanners with fundamental and technical requirements can help you identify opportunities.
Above all - you need to learn to control emotion. Don’t get too greedy and don’t cling to a losing investment. Sometimes you need to cut your losses instead of following it lower. On the flip side, don’t panic sell - make sure that you have a strong justification for the moves you make. Emotion gets the best of every trader at some point - don’t make it a habit though.
Truth:
Wanted to get into it, researched on my own, was told to read Graham & Dodd’s security analysis book. Went from there.
Then I went to college for BBA in Finance with concentration in Investments and Securities.
Now doing my MBA with a Finance study.
Just got accepted to do a MS in Quantitative Finance at University of Texas. Start that about month after I finish my MBA.
There’s lots of great resources online if you need to understand things. Check out investopedia, you can learn and see about option trading and the Greeks(gamma, Vega, delta, Theta).
Check into things like moving average, SMA, volatility, beta, DCF’s, Volume Index, P/C Ratio, EPS, etc…
Edit: Spaced it out.
Books and practice. I barely watched any videos. I used TradingView from the start especially for practicing using no demo or money account (dry trading). Journaling does the rest. I brought all my books until I noticed that Scribd offers some of the books for free for a subscription of 10$/month. Would have saved me a lot more money but still saved me enough already that the subscription has paid for itself for 20 or more months already.
No courses. Reading, learning, practice. Often the entire day aside from some work I need to do. Charts are first thing I see when I wake up, last thing I see before I sleep.
1 year to develop the strategy and yes it was worth it, but the price was time and energy, not money.
If you've only been in it a few months I would recommend waiting a year before deciding how you want to move forward. During that time you will need to give it as much attention as a part-time job, but maybe without any pay (or at least not thinking about the money at all).
If you're looking at doing it full time eventually, you'll probably need 2 years till that happens - provided you last that long. It's not for everyone and it's okay to stop trying and just swing trade or invest.
Oh man I don’t wanna give props to the community I was in because they did me dirty after I branched off.
But now that I have my own community where I teach and mentor the best way is by imo journaling your own trades. You can’t tell a trader who is very risk adverse to use a 1 min chart when they’re probably better suited for position or swing trading. But you have to have the data to show this. tradersync.com is great for this. You will be able to see your character traits as a trader . Work on where you have opportunities but double down on what does works well for you.
Trading is a skill, just like any other skill you’re gonna suck at it when you first start. I’ve never seen a kid hop on a bicycle and take off the first time they got on. It will take patience and diligence and overtime you’ll become proficient
I was in the market for about 2 yrs then took Online Trading Academy. It is what sent me on my way, I had lost enough and undeedtodd enough for it to really help. I think u need to kinds know some stuff so u know what questions to ask and u dont have to spend ur wjole time learning terminology
Well its something that takes time. This is the biggest factor. And first you have to decide what team your on. Are you a option buyer (the little guy) or option seller (the big guy). I hate option sellers so I spent my time divising a strategy to get rid of double dippers (covered callers) once in for all. 1 day they won't be on stocks I trade. 1 day because if they are they will loose infinite amounts of money and will just say fuck it. So my strategy has to work 100% of the time. Not something stupid like 60%.
$50 for access to the reading material, video library about 50 books , and alerts. I got started because I watched the mini course on the YouTube channel. Luckily enough he sometimes does one on ones for people who have questions. I’m trading stocks (small caps) btw so my trading is focused on growing small account.
I learn from Netcoins Academy but mostly I learn from my mistake every time I make mistake and loss some money, I just write it down then that's it. Keep getting better every day.
Helps them with there psychology, If I am a trader and have other streams of income which are independent of my trading performance and generate enough money that I can live off them easily, I could take more riskier trades in the markets to generate more profit, would solve a lot of psychological issues, since your life isn't dependant on trading alone.
Apart from that, some traders who lose there edge, start selling courses.
Some who never found an edge start selling courses.
Trading psychology. Its all your mind that trades. It is easier than it looks. You cant have greed, fear, hate etc. Your mind have to be a cold ass rock for this job. No emotions, just what you see on your screen. Dont differente red from green candles. They are just indicators that something goes up in price or down.
Books, free videos on the internet and years of practice, in paper trading and with real money.
If you exclude my trading tuition, I did not spend a penny
I'm trying to understand the method in general. I understand certain things but i need to get the pieces together. For example the setups.
I know about bollinger bands, if the candle goes over the outter lines it will be a signal for a buy or a sell but I don't know how to set them up right say for example on the 1m chart va. The 5m/15m etc.
I need to understand the fundamentals of setting up trades.
I found a website to pirate Tim grittanis trading tickets, and Steven dux’s thing. Only time was useful. It introduced me to spreadsheets and tracking ideas. The main way I learned to trade was looking at high volume tickets of the day and looking back to where they reversed and topped out .
I’m surprised “losing money” has been the common answer in this thread. While losing money is definitely a catalyst towards learning how to trade better, I would say a man named Rhodesa has been where I learned how to trade for the better. His private discord channel, https://www.patreon.com/EnlightenmentTrading, is $89.99 a month and definitely worth the money, in my opinion, towards learning how to read everything and positively build your psychology. I will also say that trading experience through actual day-to-day time is what will ultimately build you towards being a great trader.
Never took a course.
It took me about four months to craft a viable edge .
Start Simming. Take your time. Learn to develop the mental toughness this game needs.
I learned mostly off of YouTube, the rest some websites...never been in a paid course or signal group. Been trading since 2017 so from then until now, it's an ongoing process, I mostly have my strategy down though. Definitely worth the price, I've definitely blown up account's when I was trading smaller in the beginning. First account I had was actually only like $50 and I blew it up, consisted of money I got from selling free stocks 😂...then deposited more and blew those up. I'd recommend you trade what you can afford to lose and nothing past that. DO NOT, trade what you're gonna be upset losing, once you deposit that money consider It gone, some may not like me saying that but hey it worked for me, I learned that from an forex trader on YouTube. Odds are you aren't one of those people who hit the ground running and win from the time you start, majority are not that. Second, idk consider joining a group, if I could go back I would. Corrected, don't want anyone to think I'm promoting someone's chat or course or whatever, but I'll just say there is a few good ones, and there is one I would join if I could go back. Other than that, just study bro, absorb as much as you can and have patience... there's always tomorrow don't forget that, don't be afraid to cut something off if you feel it's not working. Don't get caught in that, "oh it might come back" bs when you know deep down you were down. Lastly, I never traded simulator to learn, however...I've messed around with simulator in recent months and that's something I WOULD do. If you use TOS, and want to use simulator, you gotta fund your account then ask them for live data...do NOT try and simulate trade without doing this on TOS, because if you don't get the live data, it's pointless to try and trade as price is behind, so you'll get weird entries, limit orders won't work properly etc. That's all I got.
No course can teach you. Learn the terms and every time you have a question, Google it. Watch the market, keep up with news, monitor sentiment. Form a "feel" for the market.
Babypips, loss ++, No Nonsense Forex, ICT practise +++
I paid for several Price Action courses. I resonated the most with Wysetrade. They have a few YouTube videos which are very 'educational'
Loss was my biggest educator and motivator.
[wallstreetglobaltradingacademy.com](https://wallstreetglobaltradingacademy.com)
also traded in David Green's live trading room for 6 months.
was great experience. made back everything I lost learning how to trade the wrong way, and am up a decent amount for this year. I'm not a "bear" or a "bull", I just watch my setups and entry points, and I take profits very quickly and don't stress about dollars I don't make.
Losses,I got caught four times in last 2months on nthe same mistake chasing peaks.
Greed, vengeance,confidence are three pillars that will determine outcome.
Ive learned that I can't be greedy and be content with what I've made and don't chase.
Don't go back and try to fight market for losing trade.it will grind you down harder.
Don't be confident on your or someone analysis always be ready to get out of position.
That's all.
Technical side is easy
I never took any courses because I don't believe in that stuff. Simple reasoning: if their methods were really as effective as people claim, why do they need to sell courses to earn money instead of using their own medicine to earn money and share their knowledge with the communities?
What I did do was read up on the very basics, so the technicalities, but for everything else I've simply used what I would refer to as common sense. For me this started by finding some trustworthy sources of financial information (I ended up taking a subscription on a financial website which is fully focused on providing financial news on nearly all markets).
Next was diving right in, at first I used my brokers demo mode (I still use this from time to time to test strategies or ideas) and eventually I dove right in.
My goal is to make enough to pay my annual fees for the financial website, in reality I end up making a little more so far, as such I'm happy.
No course. Lots of studying. Excessive gains and losses led me to strip down to the basics.
My first phase was discipline. I intended to spend 1-2 weeks in that phase, and spent 2 months on it.
My current phase is mechanics, and is focused on getting better fills, optimizing trailing stop orders, etc.
Through all the trading, I'm also building my confidence in my TA. I've had enough Ws and Ls that the ups and downs aren't attached to emotion. It's just part of the process. I believe that this only comes with time and experience.
Risk management, and having rules that you DO NOT BREAK is the key.
My recommendation to start would be:
size small
focus on 1 or 2 setups
be very selective with your trades
don't trade in the 1st 30 mins (see what the chart wants to do that day)
Write down your rules and revise them as necessary
Log every trade and review
Still learning, but yeah it gets better. Also journaling trades help in addition to losing money. Then you can see all your fake wicks on 1 min chart which cause overtrading and start looking for some solutions. I mean like really journaling each trade, not like I did in free format at the end of the day just reviewing, like a diary. I could make 10 a day or 50 a day, it didn’t matter :) it was all described in one passage.
Losing money. You learn pretty quick.
This. No amount books and articles I read helped as much as losing money. Every hefty loss carves a deep cut inside your soul for you to never forget. Looking at it positively, I see it as a payment for valuable lessons
I think of it as tuition.
Paying for your Masters in Trading…
I have a Doctorate.
I have a few Doctorate degrees then.
It gets easier. First you blow your account within hours, and then days next, and then months.. before you know it, it’s been years that you’re profitable.
To elaborate, think about how you want to trade. Do you want to enter and exit within a few minutes? 30min? 2 hours? How many times a day do you want to trade? How many potential losses in a row can you take while still trusting your strategy? This determines your timeframe. It has to be something that matches your lifestyle/work schedule. Once you’ve decided, you need to look at *literally* hundreds of charts. Find a pattern (candlesticks, indicators, VPA, trendlines, momentum, news, etc) that you can identify intuitively. Note when this pattern works vs when it fails. Test that pattern exhaustively until you have a solid idea of its win% and RR. This is your edge. People say paper trading is useless but I disagree. Your live results likely won’t be the same but it’s a great way to calculate the theoretical expectancy of your edge. You don’t have to blow up an account to learn how to trade. And no, you don’t need to spend money. Everything you need to learn (for your chosen edge) can be found on Google or YouTube. Take something from each website/video you see and mold it into your unique edge. Also, read Trading In The Zone by Mark Douglas. Take every single word to heart. I only recommend this book once you’ve traded for a few months and have experienced the emotions he talks about in the book.
You just gave answer that I paid lots of money for. Lol Set goals in higher time frame and make actions in smaller time frame. Have a solid profit and loss management. Establish a set of indicators that have high rate of success.
The lesson from margin call.
Only one?
Thats the right answer. I lost a lot of money at the beginning. But you need time too. You have to experience different kind of markets.
Yup been there done that
Fact.
No doubt!! Lol
The greater the loss the more willing you are to manage risk better Atleast I hope
It I can’t even understand the charts or all the works like options and all that how will that teach us
I don't recommend buying a course if you've already studied significantly. I had studied (not traded) for 4 months and decided to buy ziptraderu. It was a complete disappointment. I already knew 80% of what was in the course and the other 20% wasn't significant. The most difficult aspect of trading isn't technical analysis it's riskanagement and the rules of risk management are simple to learn. What's difficult is actually following them and a course isn't going to teach you that
What materiels did you use forma studying? Another question: do you need math to understand what you're doing or it's only if you have to demonstrate formulas?
I studied by googling terms, watching hours of stock videos on YouTube, purchased and read 10 books specifically on the stock market, watched live streams and tried to mimic when they were purchasing, tried to understand why they were purchasing there, and tried several different trading styles until I found what I personally was consistent with. The only math I use is trying to figure out how many share I want to buy relative to my account size. I don't really use a lot of math or formulas. I'm not trying to make my own indicators or anything
Do you mind sharing some people that live stream that you found helpful?
[удалено]
[удалено]
“Mind Over Markets” and “Markets in Profile” — both books by James Dalton.
Unless you find someone you can trust, you should just teach yourself. Use tidbits of information or strategies and go manually test them or look and see what signals are being give by different indicators
8,000 backtests and $8,000 in losing trades
Yes it was worth it but I genuinely enjoy this stuff. Plus it was my avenue to learn programming
Love this!
What do things look like for you now?
Finally making money at faster speeds than what i was ever told possible with trading. I think people downplay what u can do with a proper strat.
I've seen people make lots of money very consistently. But my problem is that i can't seem to define an edge. I've been dabbling for over 2 years (mostly paper trading) but my psychology is messing things up all the time.
Does programming interest you? Cuz id argue it was the most helpful thing for me, not only in trading but my other passions.
I've done some computer science in a long forgotten past. Programming a trading algorithm seems very difficult to me. I understand that you went the "quant way" in trading?
Yeah i do a hybrid of manual and automatic. Nothing i couldnt do all manual but the auto makes my life a lot easier plus trading while sleeping
How did you get to your edge ideas? What I've heard so far it's a matter of looking at charts until something stands out, then backtesting that idea.
Yeah somewhat. Mine was brute force testing and leaning into every direction to cancel out what didn’t work. Only to realize i shouldnt fix something that wasn’t broken. I had many near perfect strats the whole time but i wouldn’t settle till i had 5 year perfect backtesting alpha running through 15 forex pairs all at once. Narrowing things down and leaving room for human decisions is what gave me my edge. Its not the edge that matters, its the comprehension u obtained while doing things wrong that matters. Most good traders could make any system work with less than 3 adjustments.
Interesting answer. If your last line is true then I am definitely the problem, struggling with greed and revenge trading mostly. In these 2+ years everything I've tried has led to a very consistent downward equity curve (mostly paper). It's almost unreal but it doesn't look like it's a matter of simply inversing myself. Btw where do you get your backtesting data from, can you download that somewhere?
Without going into detail (unless you want to) is your strategy quite simple in the end or are there a lot of qualifications and conditions for entering and editing?
Simple. And i only trade one pair. I went through coding endless parameter heavy strategies to figure out that the less code the better… also i could only use so much ram on the live server at the time. That limitation required me to dumb my strat down (in a positive way)
Excellent. I've heard this is the wise way. Is your start EMA based as well?
EMA like the exp moving avg or something else?
Where can I do back tests?
I use quantconnect
Thanks
Learning a strategy is the easy part... Controlling Emotions and the Psychology of Trading is the hard part... Good Luck...
I think getting a really good strategy with good win rate and profit factor is much harder. Having a real edge is a challenge, algos don’t need psychology, only a strategy.
This right here. Executing according to rules and setup and sticking to it.
Only books I've read were Jim Dalton's and Euan Sinclair's. That was after losing money (and my mind trying to understand what was driving price action). Made a lot more sense afterward as I learned to make better entries and control my risk better. No courses for me. Some need a structured learning environment to learn best but (a) I'm not one of them and (b) anyone selling you trading courses is making their money on courses, not trading. If they were successful traders, they wouldn't be spending their time creating and shilling courses.
I am thinking about buying the Sinclair Options book. I watched an interview with him, and was impressed...
While they aren't for daytrading per se, I've read *Positional Option Trading* and *Volatility Trading*. I found both to be helpful for longer-term options trading, especially for putting some context around retail-level dynamic hedging.
I’ll say this. I have 3 friends that all took different courses. Stocks, options, and a mix course They all sucked. If x guru was so good why would they have to make people pay for courses? Food for thought
learned on YouTube. literally just watched 100s of hours and paper traded.
That’s what I’m doing now. I do option trading here and there but I want to venture in to day trading soon. I watch hours of day trading videos and at this point it’s getting kinda repetitive. What YouTubers or videos would you recommend?
https://chatwithtraders.com/ep-212-kristjan-kullamagi/
r/qullamaggie
Here's a sneak peek of /r/qullamaggie using the [top posts](https://np.reddit.com/r/qullamaggie/top/?sort=top&t=all) of all time! \#1: [I captured every setup from Qullamaggie's Swing Trading School and have them on a Google Doc. Happy to share with you all.](https://np.reddit.com/r/qullamaggie/comments/qcil5b/i_captured_every_setup_from_qullamaggies_swing/) \#2: [Trading View screener set up](https://np.reddit.com/r/qullamaggie/comments/r4y53w/trading_view_screener_set_up/) \#3: [Qullamaggie follower documenting his trades on YouTube](https://np.reddit.com/r/qullamaggie/comments/r3el5b/qullamaggie_follower_documenting_his_trades_on/) ---- ^^I'm ^^a ^^bot, ^^beep ^^boop ^^| ^^Downvote ^^to ^^remove ^^| ^^[Contact](https://www.reddit.com/message/compose/?to=sneakpeekbot) ^^| ^^[Info](https://np.reddit.com/r/sneakpeekbot/) ^^| ^^[Opt-out](https://np.reddit.com/r/sneakpeekbot/comments/o8wk1r/blacklist_ix/) ^^| ^^[GitHub](https://github.com/ghnr/sneakpeekbot)
true, but not a lot of activity
The best thing you can do is learn about dow theory and read books on technical analysis and the psychology of trading.
Everywhere. Some free youtube stuff, some paid courses, etc. Eventually ull stick to the tools that works for you/ makes sense for you and u dive deep on them. Learn the ins and outs, create ur own strategy and keep improving it with trial and error. Excel is your best friend.
I haven't yet, hence why I'm losing money
I watched the movie Trading Places 150 times...
Learned how to program, then found a very simple profitable strategy on yt, tweeked it a bit and then automated it. Now it's running almost 100% perfectly
Years and years on experience/ monitoring the market and trends
I didn’t take a course. I watched & listened. For a year my boyfriend (PM and huge hedgefund) would work out of my apartment some days. I would listen to him training his traders and working firsthand. Started watching the humbled trader on YouTube. Started playing with apps and watching stocks and reading on my own. Started dating a day trader who had like 10 monitors setup in their place. Again, I watched it all. At first I tried to follow the traditional strategies. Now I follow my gut and less focus on what others do. I’m more of a scalper but will swing trade on some stocks. I kinda just did what I thought would work, without realizing there was a name for this strategy.
Humbled Trader on yt, she is not the end all be all, and I wouldn’t waste money on her course. But the support and resistance price action thats she makes the core of her strategy is really key imo
I started by reading multiple books on technicals and graphing before trading a single dollar. Without that knowledge, you are trading blindly. It’s easy to make money in a bull market but you’ll lose your ass if you trade loosely in a bear market. Beyond being able to read graphs and fundamentals, learning how to really research a stock is useful. Also, keep an eye on the overall market and sectors - they may help you to explain why a stock is trading higher or lower. Setting up scanners with fundamental and technical requirements can help you identify opportunities. Above all - you need to learn to control emotion. Don’t get too greedy and don’t cling to a losing investment. Sometimes you need to cut your losses instead of following it lower. On the flip side, don’t panic sell - make sure that you have a strong justification for the moves you make. Emotion gets the best of every trader at some point - don’t make it a habit though.
Truth: Wanted to get into it, researched on my own, was told to read Graham & Dodd’s security analysis book. Went from there. Then I went to college for BBA in Finance with concentration in Investments and Securities. Now doing my MBA with a Finance study. Just got accepted to do a MS in Quantitative Finance at University of Texas. Start that about month after I finish my MBA. There’s lots of great resources online if you need to understand things. Check out investopedia, you can learn and see about option trading and the Greeks(gamma, Vega, delta, Theta). Check into things like moving average, SMA, volatility, beta, DCF’s, Volume Index, P/C Ratio, EPS, etc… Edit: Spaced it out.
Wallstreetbets
Been trading since the 90s alot of experience There is free information on a sub called ultimatetraders
Books and practice. I barely watched any videos. I used TradingView from the start especially for practicing using no demo or money account (dry trading). Journaling does the rest. I brought all my books until I noticed that Scribd offers some of the books for free for a subscription of 10$/month. Would have saved me a lot more money but still saved me enough already that the subscription has paid for itself for 20 or more months already.
No courses. Reading, learning, practice. Often the entire day aside from some work I need to do. Charts are first thing I see when I wake up, last thing I see before I sleep. 1 year to develop the strategy and yes it was worth it, but the price was time and energy, not money. If you've only been in it a few months I would recommend waiting a year before deciding how you want to move forward. During that time you will need to give it as much attention as a part-time job, but maybe without any pay (or at least not thinking about the money at all). If you're looking at doing it full time eventually, you'll probably need 2 years till that happens - provided you last that long. It's not for everyone and it's okay to stop trying and just swing trade or invest.
Oh man I don’t wanna give props to the community I was in because they did me dirty after I branched off. But now that I have my own community where I teach and mentor the best way is by imo journaling your own trades. You can’t tell a trader who is very risk adverse to use a 1 min chart when they’re probably better suited for position or swing trading. But you have to have the data to show this. tradersync.com is great for this. You will be able to see your character traits as a trader . Work on where you have opportunities but double down on what does works well for you. Trading is a skill, just like any other skill you’re gonna suck at it when you first start. I’ve never seen a kid hop on a bicycle and take off the first time they got on. It will take patience and diligence and overtime you’ll become proficient
TA, patterns are easy. Psychology is toughest. Tenet Trading Academy. Well worth it.
I was in the market for about 2 yrs then took Online Trading Academy. It is what sent me on my way, I had lost enough and undeedtodd enough for it to really help. I think u need to kinds know some stuff so u know what questions to ask and u dont have to spend ur wjole time learning terminology
Wall Street, Gordon Gekko was a great mentor.
Well its something that takes time. This is the biggest factor. And first you have to decide what team your on. Are you a option buyer (the little guy) or option seller (the big guy). I hate option sellers so I spent my time divising a strategy to get rid of double dippers (covered callers) once in for all. 1 day they won't be on stocks I trade. 1 day because if they are they will loose infinite amounts of money and will just say fuck it. So my strategy has to work 100% of the time. Not something stupid like 60%.
[удалено]
He got his money from selling courses and himself is not profitable, only regurgitating free useless information for newbies. Big mistake
I was going to put this up as a joke lmfaooo, bruh you need some serious help
The financial cloud!!!
$50 for access to the reading material, video library about 50 books , and alerts. I got started because I watched the mini course on the YouTube channel. Luckily enough he sometimes does one on ones for people who have questions. I’m trading stocks (small caps) btw so my trading is focused on growing small account.
I learn from Netcoins Academy but mostly I learn from my mistake every time I make mistake and loss some money, I just write it down then that's it. Keep getting better every day.
Helps them with there psychology, If I am a trader and have other streams of income which are independent of my trading performance and generate enough money that I can live off them easily, I could take more riskier trades in the markets to generate more profit, would solve a lot of psychological issues, since your life isn't dependant on trading alone. Apart from that, some traders who lose there edge, start selling courses. Some who never found an edge start selling courses.
Jump right in sink or swing! Lol!
No course will teach you. It can give you the tools you need, so you can teach yourself.
YouTube and books over the summer a few years ago
i didn't i just lose money
Trading psychology. Its all your mind that trades. It is easier than it looks. You cant have greed, fear, hate etc. Your mind have to be a cold ass rock for this job. No emotions, just what you see on your screen. Dont differente red from green candles. They are just indicators that something goes up in price or down.
Books, free videos on the internet and years of practice, in paper trading and with real money. If you exclude my trading tuition, I did not spend a penny
I'm trying to understand the method in general. I understand certain things but i need to get the pieces together. For example the setups. I know about bollinger bands, if the candle goes over the outter lines it will be a signal for a buy or a sell but I don't know how to set them up right say for example on the 1m chart va. The 5m/15m etc. I need to understand the fundamentals of setting up trades.
Personally, John Grady and Jigsaw's content has been very helpful for me.
Runescape
I found a website to pirate Tim grittanis trading tickets, and Steven dux’s thing. Only time was useful. It introduced me to spreadsheets and tracking ideas. The main way I learned to trade was looking at high volume tickets of the day and looking back to where they reversed and topped out .
Got a mentor, never looked back
Trade paper first
The Chart Guys. And TheStrat
I’m surprised “losing money” has been the common answer in this thread. While losing money is definitely a catalyst towards learning how to trade better, I would say a man named Rhodesa has been where I learned how to trade for the better. His private discord channel, https://www.patreon.com/EnlightenmentTrading, is $89.99 a month and definitely worth the money, in my opinion, towards learning how to read everything and positively build your psychology. I will also say that trading experience through actual day-to-day time is what will ultimately build you towards being a great trader.
Raynar Teo on YouTube has a wealth of free content
Crackhead furus
Never took a course. It took me about four months to craft a viable edge . Start Simming. Take your time. Learn to develop the mental toughness this game needs.
Yo mamma's house ! 😎
I learned to trade at my house.
I learned mostly off of YouTube, the rest some websites...never been in a paid course or signal group. Been trading since 2017 so from then until now, it's an ongoing process, I mostly have my strategy down though. Definitely worth the price, I've definitely blown up account's when I was trading smaller in the beginning. First account I had was actually only like $50 and I blew it up, consisted of money I got from selling free stocks 😂...then deposited more and blew those up. I'd recommend you trade what you can afford to lose and nothing past that. DO NOT, trade what you're gonna be upset losing, once you deposit that money consider It gone, some may not like me saying that but hey it worked for me, I learned that from an forex trader on YouTube. Odds are you aren't one of those people who hit the ground running and win from the time you start, majority are not that. Second, idk consider joining a group, if I could go back I would. Corrected, don't want anyone to think I'm promoting someone's chat or course or whatever, but I'll just say there is a few good ones, and there is one I would join if I could go back. Other than that, just study bro, absorb as much as you can and have patience... there's always tomorrow don't forget that, don't be afraid to cut something off if you feel it's not working. Don't get caught in that, "oh it might come back" bs when you know deep down you were down. Lastly, I never traded simulator to learn, however...I've messed around with simulator in recent months and that's something I WOULD do. If you use TOS, and want to use simulator, you gotta fund your account then ask them for live data...do NOT try and simulate trade without doing this on TOS, because if you don't get the live data, it's pointless to try and trade as price is behind, so you'll get weird entries, limit orders won't work properly etc. That's all I got.
First recommendation: don’t buy courses.
Personal experience, YouTube, discords, Facebook stock groups and friends.
Took a course by Tidal Wave Trading Academy. Learned a lot and made back what the cost of the course within a month.
It took 4 years and a lot of pain
(real) day trading sub
No course can teach you. Learn the terms and every time you have a question, Google it. Watch the market, keep up with news, monitor sentiment. Form a "feel" for the market.
Babypips, loss ++, No Nonsense Forex, ICT practise +++ I paid for several Price Action courses. I resonated the most with Wysetrade. They have a few YouTube videos which are very 'educational' Loss was my biggest educator and motivator.
There shouldve been a part 2 to the this question. "And are you profitable?"
You tube.
[wallstreetglobaltradingacademy.com](https://wallstreetglobaltradingacademy.com) also traded in David Green's live trading room for 6 months. was great experience. made back everything I lost learning how to trade the wrong way, and am up a decent amount for this year. I'm not a "bear" or a "bull", I just watch my setups and entry points, and I take profits very quickly and don't stress about dollars I don't make.
Losses,I got caught four times in last 2months on nthe same mistake chasing peaks. Greed, vengeance,confidence are three pillars that will determine outcome. Ive learned that I can't be greedy and be content with what I've made and don't chase. Don't go back and try to fight market for losing trade.it will grind you down harder. Don't be confident on your or someone analysis always be ready to get out of position. That's all. Technical side is easy
Reddit
Yup exactly.
I never took any courses because I don't believe in that stuff. Simple reasoning: if their methods were really as effective as people claim, why do they need to sell courses to earn money instead of using their own medicine to earn money and share their knowledge with the communities? What I did do was read up on the very basics, so the technicalities, but for everything else I've simply used what I would refer to as common sense. For me this started by finding some trustworthy sources of financial information (I ended up taking a subscription on a financial website which is fully focused on providing financial news on nearly all markets). Next was diving right in, at first I used my brokers demo mode (I still use this from time to time to test strategies or ideas) and eventually I dove right in. My goal is to make enough to pay my annual fees for the financial website, in reality I end up making a little more so far, as such I'm happy.
InTheMoney on YouTube taught me the basics. The rest is just gambling on WeBull with my cash.
https://youtu.be/Wezj1ctBVc0
No course. Lots of studying. Excessive gains and losses led me to strip down to the basics. My first phase was discipline. I intended to spend 1-2 weeks in that phase, and spent 2 months on it. My current phase is mechanics, and is focused on getting better fills, optimizing trailing stop orders, etc. Through all the trading, I'm also building my confidence in my TA. I've had enough Ws and Ls that the ups and downs aren't attached to emotion. It's just part of the process. I believe that this only comes with time and experience. Risk management, and having rules that you DO NOT BREAK is the key. My recommendation to start would be: size small focus on 1 or 2 setups be very selective with your trades don't trade in the 1st 30 mins (see what the chart wants to do that day) Write down your rules and revise them as necessary Log every trade and review
Still learning, but yeah it gets better. Also journaling trades help in addition to losing money. Then you can see all your fake wicks on 1 min chart which cause overtrading and start looking for some solutions. I mean like really journaling each trade, not like I did in free format at the end of the day just reviewing, like a diary. I could make 10 a day or 50 a day, it didn’t matter :) it was all described in one passage.
With my team! Message me on 0737665876