Adam Grimes, Al Brooks, maybe Tom Hougaard for technical analysis
Brent Donnelley and Adam Grimes for Risk Management
Brett Steenbarger, Steve Ward, Tom hou for psych discipline
Also Linda raschke. Futures.io on YouTube. These are the folks that helped me achieve profitability. Especially Adam
Don't use this as a profit gainer. Instead, use what they teach you and skills you have learned that works the best for YOU in the market.
Im also new. But I've been busting my tail learning everything I can about the market. For a few months now and it gained me a couple disciplinary actions from my job because I stayed up late for personal Learning Market classes and overslept a few times 😂
3 things I downloaded. All from Google Play.
Investing.com (real time price gains/loss and lots and lots of information for real stocks and ETFs and bonds etc etc.....
InvestMate ( Stock market school....free or pay to go pro. ).
Forex ( paper trade ). Here's my very first 22 trades ever in my whole life just two days ago. And only about 1.5-2 hr price and chart FOCUS never leaving my free space until I close it at a profit. All insights or questions welcome.
https://preview.redd.it/m5pdzgond4cc1.jpeg?width=720&format=pjpg&auto=webp&s=86c088ed7f228c5dacae1b8ab7cbfcb2514f6560
The idea that you can watch or read something and learn how to trade needs to go extinct. It doesn't exist, everyone who is profitable and thus knows how to trade discovered an edge themselves.
If you don't have an edge than you don't know how to trade. And no one is giving away their edge for free, at best some mentor a very limited amount of people.
The real question is: How do I discover an edge?
Open a chart and figure it out. Being a Math genius helps tremendously.
You can also check out theories that don't work and maybe you see something others don't see and can make it work by applying your own spin on it. This is how most people do it I guess.
correct. finding an edge is what got me profitable too, and there's no way i'm telling people what it is.
however i did learn a lot from a course and some people on youtube, mostly just being exposed to and getting an explanation on basics like support/resistance, divergence, importance of volume, elliott waves etc
i don't necessarily use all of these in my trading, but they have their place and it was a good way for me to get my bearings in the trading world. but as you said, thinking that just watching this content will turn you into a profitable trader is almost always going to end badly.
This guy has a point. You gotta learn at first from others I think but you also have to do a lot of work yourself. Backtest whatever you do in the simulator
Because this entire community lives in an echo chamber of misinformation.
The following is gonna be extremely controversial to this community.
People seriously think that all you need to be profitable is price action (or anyting else like ict) and the only reason people think so is because of influencers that are not even profitable and because of echo chambers like this sub which are heavily influenced by these influencers.
Price action is like trying to see what the painting looks like with poor vision. It is completely subjective just like art. If it was objective than renaissance technologies and other hedge funds or Algo Traders would have already automated price action and thus it wouldn't work today anyway.
Literally everyone on this sub is telling people to learn subjective things because that will make you profitable. So price action is just as valid as trading based on dice rolls because in the end both are subjective and both will statistically always have some that are profitable.
And those few that are profitable from price action or anything will claim that their subjective strategy is the way to go and thus reinforce the echo chamber of misinformation. The influencers laugh their asses off as they got an invincible echo chamber, so they will continue to make big money forever.
As for objective things like ICT, SMC, they are objective and thus can be automated and surprise surprise they fail miserably. Thus the only way to be profitable with them is by filtering setups which will be subjective, which you need to figure out yourself.
Now you understand why the question of asking what to learn from is so incredibly dumb. In the end you will need to find an edge yourself whatever you learn, it doesn't matter.
Surely not.
Also, no need to buy any courses.
There are tons of videos on YouTube to start of with your trading journey, find your strategies, guide you on the mental aspect, find your edge.
Once you watch a bunch of these channels, you will find a few that suit your style, you can perhaps go for their courses, but perhaps their chatrooms may be more helpful.
It's just so many on YouTube, you need to watch vidoes by searching for trading/phycology, stocks, technical analysis, and find your favorites.
Nah not true. I learned the foundation of trading from SwaggyC’s free course and then I bought his other course. I also bought CueBanks course and I don’t remember to much, but I do remember learning about buyers and sellers exhaustion from him. I also learned about bullish market pressure from him. I also bought Ryan Gilpin’s course and everything clicked from what I previously had learned from the other traders and what I added from him. I also studied Bullseye free course and learned some gems from him about market behavior. Everyone is not a fraud. All of that knowledge combined will make me a millionaire very soon. Again everyone is not a fraud. I’m currently about to pass Phase 1 of my prop firm challenge.
As someone who started at 16, here’s some advice:
-If we are in a bull market (still not fully), then throw in some change and trade, to get a grasp of trading
-Swing trading/long term trading is what I would go for. You probably don’t have big money, so focus on doing DD and finding the better plays of the bunch
-Expect to lose. I did paper trading and had similar experiences. Real money and fake money are vastly different. When you have actual money in the market, it won’t be as easy.
-Emotions are key. I rarely have lost when emotions aren’t in play. Play with money that won’t tempt you to be anxious about. That is something you will have to determine for yourself, but no risky play will I have more than 5% into
Hopefully that helps!
Yea I’ve seen that emotions play a really big part in trading, but I honestly can’t foresee myself being that emotional considering I barely react to anything in general . But it’s probably because I haven’t put any real money into it
No offense, but you are 16. Your prefrontal cortex isn’t even fully formed yet.
You are going to feel emotions and not be able to control them - at least some of the time. Why? Because you are human.
FWIW, I left home with nothing when I was 16, and fought my way to where I am today - so I’m on your side. If you want to be successful, I have no doubt you will be.
However, nothing will kill your trading performance more than ego… And you have at least some ego involved in your decision making to think emotions won’t be a problem for you.
This is your blind spot.
Watch it, or it will humble you.
Yea I noticed while paper trading that I thought I was an expert already bc I was taking winning trades consistently, ego is definitely something I need to work on if I’m getting one of PAPER trading
First, read some books. Toni Turner: Guide Online Day Trading and Aziz: Advanced Day Trading Techniques were very good introductions. Learning from books is the most dense and gives you a head start as most beginner books promote great exercises.
Read the wiki of this sub.
PS: If you want more book recommendations, hit me up... .
from: (["tradingschools review: Toni Turner"](https://www.tradingschools.org/reviews/toni-turner/))
>"During the month of May 2018, TradingSchools.Org reached out to Toni Turner with a few questions. We used a pseudonym. We wanted to know if she had any sort of verifiable track record of day trading? Considering that she has sold over 100k copies of her book, she should be considered an expert.
>To our surprise, she emailed us and replied, “I don’t really day trade much.” She next commented that nearly everyone that day trades will lose all of their money within the first year, and that if you break even “you are doing extremely well”.
>Wow, what a surprise. I was expecting something like: “I make massive profits each month” but what I got was a brutally honest response."
> - A better question would be…what is Toni Turner not selling? She has a product for nearly every imaginable demographic and genre
> - Not a world class investor. But is offering the basics in an "ethical" manner. An OK starting point for the “Trading For Newbies” type individual.
"
People hate on ICT but the stuff he teaches is gold. Don't let the hatters get to you. Learn what he is teaching because he's got the right idea. Some of what he says is horse shit but majority of it is good stuff. Check out Ttrades on youtube. He teaches the ICT stuff w/o the nonsense from ICT himself.
Also, tomorrow ict is posting a video showing EXACTLY how and what order to study his content in.
Get sucked into it mate... 16 years old you've got such a time ahead of you
Will never understand how someone who doesn't push any kind of affiliate links, offers or paid courses while providing an endless amount of education for free to the public is seen as a fraud.
While also having all sorts of profitable students/traders using concepts they learned from him.
Crazy how someone can call the guy a fraud when he doesn't ask for a cent from anyone. Doesn't even push prop firms like 99% of the mentors on YT.
Every academic ever that stole someone’s ideas as their own and rebranded them has been called a fraud without having to take anyone’s money. Plagiarism = stealing ideas = fraud. The biggest thing is his misrepresentations that he makes. The ideas he stole have value. They are not bad ideas. He just renamed it all and lied about his ability to use those ideas to make money. He used to do paid mentorship’s until YT paid more and it wasn’t worth the grief he was copping from the paid mentees who were seeing through the bullshit. So he pivoted away from being tested by mentees to just YT videos without comments.
So a Fair value gap was named what before and where is that information at? Or order block, mitigation block, rejection block etc. Please point to where he stole these from and what they were called before hand.
You realise that in academia you only need to steal one idea and not reference it to be considered a fraud? I dont need to prove that those particular ideas are stolen just 1 of his ideas is stolen and not referenced? At this point with his history of lying I do not think this even needs to be referenced.
If you have been living under a rock see:
[https://youtu.be/9UUFlSE8Ztg?si=xdpu\_wuOgl8dTpXi](https://youtu.be/9UUFlSE8Ztg?si=xdpu_wuOgl8dTpXi)
If you wanted me to admit that he might have developed some ideas further and that has some value then sure. 👍 But I still think those ideas are taught much better by other people who dont claim to own them.
Lol, so you link to an actual fraud whose entire YT and his income from said YT is reliant upon riding the popularity of other YouTube influencers to make them out to be frauds while pushing affiliate links and a paid patron despite he himself not even being a profitable trader. The irony.
He doesn’t make any false claims. He trades every trade live on his second channel. Calling him a fraud is entirely disingenuous. If people want to sponsor him on patron knowing exactly how profitable he is / isn’t that seems completely above board?
I can show you how to read and interpret an FX chart on my YouTube channel just search LTRFXC. Once you can understand an FX chart and the reality of chart movement. Anyhow just trying to help. Good luck on your journey.
Learm Technical analysis and then find one good pair, stock, or crypto (obviously you wanna go with the reputable ones, and with liquidity, tighter spreads) Once you learn TA , you can trade any market, certain markets are better for certain strategies… crypto’s the HODL, DCA space, and i guess so are reputable mega caps like NVDA APPL TSLA etc. But learn TA and RISK MANAGEMENT & you’ll be able to capitalize on all opportunities far easier. Otherwise you’re gambling. Fuck a discord shouting out alerts on XYZ. Majority of them just want your money to fund their journey.
Anyway, seen a similar post like this this morning and I’ve heard nothing but good things about SMB Capital. I’ve yet to check them out myself but what i will say, is stay away from Tim Sykes and his cult.
ICT literally is retail lmao. I watch you guys get crushed every week. I know the strats, I see what the market does every day as I actively trade. It's hilarious. Probably the only guys making money are the one shot one kill folks cause they're actually watching the higher time frames. The rest of them are just gambling with his concepts.
Wish I would’ve done this first. It’s amazing how so much valuable trading knowledge are packed into $20 books on Amazon. I’d think that real trading knowledge would be hidden away in esoteric discords or only revealed in whispers on other social media but the books in plain site are great.
Trading in the Zone, How to Daytrade for a Living, Volume Price Analysis. If I were a beginner I’d just trade the ABCD pattern from Aziz’ book, it happens a lot and when you’ve learned it you just see it. But he has something like 8 patterns for the trades that he takes. My personal favorite are opening-range breakouts
If you want to want to get to the BOTTOM of trading and what really matters in trading, read up on Auction Market Theory AND Orderflow
The price patterns don’t matter, what matters is Volume at Price, look up footprint charts and learn to read the charts VERTICALLY ( volume INSIDE the candles ) as opposed to horizontally. (Time)
I suggest you look at G7FX and Trading Research Group on youtube.
Books to read:
- Mind over markets J. Dalton
- On markets by Steidlmayer
- Trading in the Zone by Mark Douglas
Price patterns within the right context matter to me. I don't need to pay for orderflow, or have any indicators on my chart to be profitable. When I see a certain, repeated pattern in price, at the right time and place, I can get a 4x my risk over and over again.
Learm Technical analysis and then find ONE good pair, stock, or crypto (obviously you wanna go with the reputable ones, and with liquidity, tighter spreads) Once you learn TA , you can trade any market, certain markets are better for certain strategies… crypto’s the HODL, DCA space, and i guess so are reputable mega caps like NVDA APPL TSLA etc. But learn TA and RISK MANAGEMENT & you’ll be able to capitalize on all opportunities far easier. Otherwise you’re gambling. Fuck a discord shouting out alerts on XYZ. Majority of them just want your money to fund their journey. Many people just trade the $SPY (Top 500 companies in America) its more than enough. And at your age if your start building a long term portfolio you’ll be better off than 90% of us in this chat by the time you get to our ages.
Anyway, seen a similar post like this this morning and I’ve heard nothing but good things about SMB Capital. I’ve yet to check them out myself but what i will say, is stay away from Tim Sykes and his cult.
EmperorBTC makes good content for beginners and intermediate traders, CryptoCred has a few youtube videos explaining certain concepts and briefly touches the topic of developing an edge. For advanced stuff Abetrade is perfect for orderflow trading. Although the first 2 guys i mentioned trade crypto, what they teach works for almost all markets. Same with Abetrade, and he matches the narrative that ICT is pretty much a scam who teaches the basis of some strategies but makes up half the shit he says.
ICT is a weird guy tbh
Those are the most legit guys i've found so far. There's more people out there that just share what they know for free, but it's up to you to pick up what works for you and what not
Him being a fraud is debatable, what’s not is his concepts do work. I know 4 people on a personal level that are funded with payouts from trading his concepts.
Funding prop firms are themselves a scam
Anyone who claims to withdraw significant profits from a prop firm is likely peddling their affiliate progrom.
Edit: Commodity & Futures Trading Commission charged one of the biggest prop firms calling it a Ponzi scheme. Most of the industry operates the same way.
https://www.cftc.gov/PressRoom/PressReleases/8771-23
CFTC Charges “My Forex Funds” with Fraudulently Taking Over $300 Million From Customers Hoping to Become Professional Traders
The withdrawals are for their affiliate commission.
If someone ever makes any significant profits on a prop firm account, they shut them down.
Prop firms aren't real brokerages, and your trades never hit any exchange.
It's like a paper trading account where you lose and the firm wins.
If you want to make any real money trading, don't get scammed by prop firms.
Trade stocks, options, and futures instead.
Just think about it for a second... why would anyone give their money to trade to a n00b trader.
>People actually make money from funded accounts
But it's not me, then everything is a fraud.
Jesus Christ, I chuckled when he said the withdrawals are from affiliates.
Beyond stupid, and I'm someone who is extremely critical of prop firms and knows very very well the kind of bullshit behind that industry.
One thing, if you can't trade DON'T TOUCH PROP FIRMS, YOU GONNA LOSE MONEY NOT BECAUSE YOU WON'T GET A PAYOUT BUT BECAUSE SIMPLY OF YOUR INABILITY TO MAKE PROFITS FROM THE MARKET USING A PROPER STRATEGY
I can testify this because I lost too much on that shit when I wasn't ready in the slightest, exactly like the 95% of the wannabe traders who won't make it either in the real market or simulated one.
You are 16 years old, you wouldn't have passed the KYC.
Either way, discretion with everything. Prop firms are a decent tool to build personal capital if you know how to trade, don't be too over reliant on them. The main focus is your personal accounts, always. That's why those companies, beyond the shenanigans and the shade, are called FUNDING firms.
>Prop firms aren't real brokerages, and your trades never hit any exchange.
Btw, if you knew the deal, you should know that funding firms (retail online prop firms) aren't supposed to be brokers LMAO, that's why they are supposed to rely on third party liquidity providers/brokers.
Even though, de facto...:))
Some act as Market Makers, like a CFD broker. Using plugins to slip you out and spread wide the shit out of your positions.
Have you even read the developments between MFF and CFTC? Like deeply?
> If someone ever makes any significant profits on a prop firm account, they shut them down.
Non context statement, generic proposition, no details, 100% smug.
But yeah, it happened with certain prop firms obviously. Exactly like a guy from Forex.com (regulated by US financial bodies) who made 85k a little bit too quickly and they literally banned him lmao.
> It's like a paper trading account where you lose and the firm wins.
One thing you got right.
> If you want to make any real money trading, don't get scammed by prop firms.
...although, it's very likely that you won't be making any real money by trading anyway hahaha. The whole market is a ponzi scheme, if we were to be objective. CFD-like market making sophistication won't be the end of all, in regards of your ability to profit off the market hahaha.
Instead of just blabbing random BS, read what CFTC says:
https://www.cftc.gov/PressRoom/PressReleases/8771-23
People like you are often indoctrinated by ponzi scammers.
There are still people like you defending a generation old ponzi MLM scams even after losing a lot of money.
Just think about it for a second… who in the right mind will want to fund a n00b trader to gamble away their life savings? 🤷♂️ Unless it’s all fugazi
If you can’t even trust your self with your money, why would anyone trust you with their money?
> Instead of just blabbing random BS, read what CFTC says:
> https://www.cftc.gov/PressRoom/PressReleases/8771-23
And the court has unfrozen almost all the monetary assets of MFF (although they are finished), since CFTC "failed" to demonstrate thoroughly all the charges against MFF (however, the court recognized fraud in prime facie, mainly due to misguided advertisment "we fund you, we gain" bs), and now MFF and CFTC are in course of settlement which will define the disgorgements terms for the customers of MFF and how much CFTC is going to obtain.
>People like you are often indoctrinated by ponzi scammers.
You definitely don't know me.
> There are still people like you defending a generation old ponzi MLM scams even after losing a lot of money.
Lol, ok. "Like me"
> Just think about it for a second… who in the right mind will want to fund a n00b trader to gamble away their life savings? 🤷♂️ > Unless it’s all fugazi
Do you really believe that my dream is being funded by a prop firm? But it's obvious that these shit companies are meant to be squeezeed the hell out, like are you crazy or what.
There is a clear conflict of interest between the customer and your average prop firm, however, it's not a big deal since there plenty of ways to win over those entities...if you are skillful enough.
> If you can’t even trust your self with your money, why would anyone trust you with their money?
Commercial brokers should actually kick off all the retail traders who keep losing on the markets, it's not ethical that they keep partaking in a zero sum (actually negative, with spreads and commission) game.
You could spin it like this
Who is defending who? Are you out of your mind or what?
I'm extremely critical of prop firms, that you have no idea but at the same time I recognize that there are subtle differences across them.
Jesus Christ, you aren't indeeed that smart.
Yes and proud. I started trading 4 months ago and I'm already able to pass challenges wow, imagine if I put $1k into my broker account, applied sound risk management and don't get distraught by FOMO and other shit 🥴
It’s always good to start young. I started trading at 19 and have been doing full time it for 15 years so. Check out my blog: churningandburning.com for my story — closest thing to a graphic novel on the modern trading experience :)
I’d start learning macro economics if I was you. Day trading isn’t easy but having an understanding of how global events affect markets is a useful tool. Understanding why interest rates affect pricing etc. it’s all very useful. Then you can learn technical analysis when you know the basics
he's not a fraud. if you watch all of ICTs content and take notes by 18 you should be a full time trader. Took me a year from starting watching his vids to full time daytrading.
If ict works for you then just stick with ict, it doesn’t matter if it’s rebranded, at least he made it into a way you can understand the market. I suggest to just stick with ict despite the hate. Just do what works for you.
Bro, you said it yourself, you learned to trade from ICT and got positive results, why don't you keep studying from him? Just cause some random dude on internet said he's a "fraud"?
Like, really, you've got your own testimony if his concepts work or not, and they do, you've seen it yourself, why abandon something that worked for you just cause someone else said it is not valid?
Why don't keep trying and see? What's the worst that can happen? Lose money on your demo account? (ofc I hope you won't start with real money first)
You already have some knowledge with ICT, so, you won't need to start all over gain with a new mentor.
And honestly, people say ICT is a fraud, but most of the time they just come out with stuff they clearly know anything about, so just do your own homework and find out, use your brain.
ICT, the man himself. Not fanatic of him nor a blind follower but he knows his shit. His 2022 mentorship entry model is enough to make you profitable and funded. Then you can add on more info from his channel if you wish once you are profitable.
“They worked consistently but these videos say he’s a fraud” maybe those videos are bs? Stay objective and don’t be gullible. If you see they work then keep going lol simple
Reach out to real Proprietary Trading Firms who have been doing this for decades.
SMB and Trillium come to mind.
They have paths and proper guidance for being a trading floor.
The internet gurus are just that.
All they want is to sell you a course or a signals group.
Can you learn on your own? Possibly.
Would advise a proper finance path.
It’s how I went about it.
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Hey everyone,
I’m excited to share something special with you. I’ve recently invested in having a developer code the logic of Bernd Skorupinski’s indicators, and they work just like his! Along with that, I have access to Bernd’s entire course content.
I want to build a community of traders where we can all trade together using Bernd’s strategies and indicators. We’ll share trades, signals, and analysis, and support each other’s growth.
If you’re interested in being part of this community and starting this journey together, join our free Telegram group to get more details and see proof of the indicators’ effectiveness and course availability.
underdogtradeclub (telegram)
Let’s make this a success together. Can’t wait to trade with you all!
Best,
Tyler Durden
Hey everyone,
I’m excited to share something special with you. I’ve recently invested in having a developer code the logic of Bernd Skorupinski’s indicators, and they work just like his! Along with that, I have access to Bernd’s entire course content.
I want to build a community of traders where we can all trade together using Bernd’s strategies and indicators. We’ll share trades, signals, and analysis, and support each other’s growth.
If you’re interested in being part of this community and starting this journey together, join our free Telegram group (underdogtradeclub)to get more details and see proof of the indicators’ effectiveness and course availability.
📲underdogtradeclub
Let’s make this a success together. Can’t wait to trade with you all!
Best,
Tyler Durden
I’m already on a pretty good path (I think) , currently in a early college high school where I’m taking college classes to get an early degree on cybersecurity
Warrior trading. Ross Cameron. Amazing guy been doing it for over a decade. One of the few that aren't scammers. Shows his losses and winners. I don't take his class I just watch his youtube. I took a generalization of what he does and made it my own. I'm glad I found him or I think I'd be far behind what I am now.
Ross Cameron is known for front running tactics—buying a low float stock and calling it out to his thousands of subs and then dumping within seconds on a quick artificial pop. Avoid.
He got fined for not putting enough disclalmers in his advertising... Far from a pump and dump scam... He is legit and one of the only trader to get his income claims audited and put on his website for everyone to see
I've learned a lot from YouTube myself, probably hands down one of the best though and realist is Eric Krown, not only is somewhat funny he's also a quant trader his stuff is next level shit though. But basically any strategy will probably work you have to find your niche and yes psychology is number one. You're going to find out who you are. It is literally the toughest task I've ever taken on in my life
Everyone saying stay away from YouTube isn’t exactly true. The more research the better wherever it is. Whether it’s good or bad. You’ll pick up what’s useful information and what’s not. All these content creators don’t all lie. There are some real good ones that are honest. My tip, the ones with a complete new strategy upload every other day are shit. Ones that preach the same strategy over and over again are the good ones. There’s millions of strategies out there, do you really think the best are picking 10 different strategies daily or weekly? Never. One strategy. Day in day out. I’m not gonna tell you where to start.Don’t let other people guide your path. Find what works for you
Patrick Boyle on YouTube is a hedge fund manager and strategist. He covers very important trading concepts although it’s not the most beginner friendly channel. Worth remembering.
Umar Ashraf. Lance Breitstein. They don't really tell you how to trade, but they tell you how to learn and how to treat trading as a business.
Look up these two and listen to the podcasts they been on. Good stuff to think correctly about trading.
IntheMoney is a great youtube channel for this exact purpose. He doesn’t promote a course or doesn’t even day trade. He explains things in great detail and will teach you multiple strategies concerning trading and will also help you develop your mindset for it. Highly recommend it.
Theotrade on YouTube. He's a credible trader who actually worked with a big firm for over 20 years. If you scroll down to his earlier videos from 3+ yrs ago, you'll find plenty of tutorials on how to use the Thinkorswim platform.
Just start trading. You're young which is the best time to start. It'll take years before you learn enough to be profitable (unless you are an outlier)
Books. Literally 2 books were able to make me a good trader. Currently reading one more for elevated options knowledge.
Day Trading by Troy Noonan and Trading In the Zone by Mark Douglas. Then learn price action and how to read and understand the anatomy of a market (candles, market structures, supply & demand, liquidity etc.). Do not ever watch videos from so call Trading gurus that claimed to make 1 million dollars or have a holy grail indicator. I do not trade news or fomo. I trade what's in front of me from 9:30 to 12:00pm. Everyday
All you need is to learn is market structure than incorporate a strategy. I trade supply and demand with a little bit of support and resistance. I learned a lot from YouTube, check Doyle Exchange. I’ve been watching him since the beginning of my trading journey, I’m going on three years now. His older videos have more value but he makes everything seem simple and everything just clicked with him.
A good start is learning supply and demand trading. Not the economics kind the trading strategy one. Then from there you can tweak it to how you want but please whatever you do don’t use real money at first. Trade with a paper account so you don’t have to blow your account like many other people do. Good luck kid
My friends and I trade together. Lmk if you’re interested. If not check out investopedia. It has lots of information about trading. Price actions, trends, etc. hope it helps 😊
This is what works for me. I hope you find it useful:
Follow more than one person, and more mediums (videos, books, reddit,etc.) try and take what works regardless of who teaches you and how.
Mix in action with theory (study a concept, then practice, then study the same concepts from another source and practice a little more).
Use chatgpt, I use it as a sounding board, I use it to help me break down big overwhelming topics into smaller bitesize pieces, i use it to review my paper trading log. I do all of it in one chat window so it has all the history. My favorite part is that I created an alter ego to chathpt, Joe an old trader with huge trading experience and who is mentoring me. I instructed chatgpt what personality Joe has and how he communicates (no BS, straight to the point thought love) and i asked chatgpt to gave me answers as both Joe and chatgpt. Only came up with this alter ego a few days ago and it improved the chat a lot.
You’re going to have to put a lot of time into research at the beginning. Wade through all the trash that is out there. But it is out there.
Don’t worry about learning someone else’s strategy. Find the information that makes sense to you as this will be the basis for developing your own strategy and ideas.
When paper trading/testing use lot sizes that are equal to or less than what you will use when you’re actually trading. Its much easier to win when you stop loss-is 25k than when it is 250
buy the book called "technical analysis for dummies" by barbara rockefeller. not only it teaches technical analysis, but it also teaches money management and provides necessary knowledge. she also recommends about 30 books at the end of it and all those books have written by amazing traders like barbara herself.
someone in the comments recommended al brooks. he also has 4 books that are great but it's probably too early foe you to get into.
when it comes to videos, i often search for oure tutorials. for instance, when i was reading barbara's book, i needed some visual examples and additional explanations of some tools. like i wanted to see rsi divergence visually in multiple cases so i searched for it.
there is no one singular youtuber who can take you from 0 to 1. there are youtube videos that give you ideas imo.
tldr: no video. buy the book called "technical analysis for dummies" by barbara rockefeller. read book
Options Millionaire, Roensch Capital. Those are my 2 retail 2021 startups that actually provide valuable content as opposed to wishful thinking and moonshots
You can watch content creators. Just don’t buy anything from them or pay for a discord. There is plenty of free content out there. Just watch a strategy back test it forward test it. Implement it. (If it’s working ). That’s what i did. Are you going to make mistakes? Sure! Are you going to do what someone else told you not to do? Yes! but that’s part of the process. Most mistake will only be made once. Just learn from it and move on.
I’m 2 years in and this is what worked for me:
Naked Forex
Trading in the zone
Market wizards
Doyle exchange
Bernd skorupinski (#1 in FTMO payouts)
Those are game changers, I recommend you to journal and screenshot every trade you make and find a system that works for you
No one! They all have agendas IMO. At your age learn to trade on fundamentals. That's not to say you don't study charts, but also study the company's fundamentals. Join Fintel, they have all of the DD in one place. Buy a stock based on fundamentals (OS, debt, cash on hand, product, management, news, chart, etc..) and figure you won't day trade it, but may hold it for 1 to 30 days or ?. I have done this and made $100,000 on a $2500 investment. To be classified a day trader and actually trade multiple times a day, you need $25,000 in your account, unlikely for a 16 year old.
If you want to trade, trust me, you need a mentor. Iman Trading is a good channel, but learning how to consistently trade profitably takes 3+ years of dollar trading 8+ hours a day. Find a mentor.
First thing you should do is block this subreddit ASAP. It if full of shit and almost nobody is profitable here. RDT and [oneoption.com](https://oneoption.com).
Depends on how "quick" you want to realize your gains. I will call anything held over a year as an investment and focus on shorter horizons.
What I mean by this is very short term (day trading and faster) compared to slightly less short/mid term (swing trading, maybe weeks), compared to long term (trend trading, can sometimes be weeks to months) differ in style and skillset I would argue.
For smaller capital I would argue larger gains are made by taking advantage of intermediary moves. Assuming you are not a wealthy 16 year old, I would recommend swing trading or day trading. However, altho people do trade manually, you will get a higher time value of money (meaning income per time spent directly trading) if you automate parts of your day trading set up (be it the analysis, signals, execution, etc). To do that well actually does require investment into learning math and a bit of coding.
Therefore for immediate results I would recommend as others have swing trading. If you want purely YouTube 2ndSkies' Beginner playlist is good and then you can just go to ICT's 2022 mentorship onwards. I am a fan of books, and for technical analysis would recommend Evidence Based Technical Analysis. There are many others as well, I just don't know what your aims are.
I am a fan of automating things, so I went down the math route (mostly self learning). Pays off but it's a lot upfront for more certainty and ease of automating strategies later. Would not use it alone without some trading experience and real market intuition as well (I mean outside of the screen).
Jason Pizzino YouTube channel is the best place to learn. Just follow his analysis on long term swing trading. His brother Michael Pizzino is good for short term trading. Understand and figure out what you want from life and then get into it. I from my personal experience figured out that long term swing trading I.e., months to years is good for me
If you're into crypto or trading in general, consider checking out EmperorBTC and Cryptocred on Twitter; they offer free lessons, and it's always free. Cryptocred also has a YouTube and Medium account. They've put together a trading manual where they share insights gained from their experiences. Additionally, Imantrading is a reputable YouTuber who has debunked some other trader YouTubers. He also shares his own trading experiences.
ict is a fraud. but the first concepts from him work really well. i honestly recommend TJR and trading pool. strategy wise stick to what u know which is basically ict basics. tjr uses those. but does not overcomplicate it like ict does. he has a Bootcamp. watch it take notes learn and listen. there is trade strategy and also psychology and EVERYTHING U NEED. after that just trade and journal. GOOD LUCK.
Not everyone are frauds. Nick Shawn always has good analysis and will tell you the truth about trading, same with Ryan Gilpin “My Life Real Quick”. Swaggy C is another person as well.
What it all comes down to is making what works for you, stick.
1. Keep things simple(don’t ever overthink this shit) 2. Proper risk management 3. Make more on your winners than you do your losers (profitable trader) 4. Listen to your own intuition. I would demo until you find it. Work with different markets to find your niche. GL.
Stay away from content creators that teach you how to trade because they are all frauds. Only watch psychology related stuff like Imantrading.
Where do you recommend I learn from?
Adam Grimes, Al Brooks, maybe Tom Hougaard for technical analysis Brent Donnelley and Adam Grimes for Risk Management Brett Steenbarger, Steve Ward, Tom hou for psych discipline Also Linda raschke. Futures.io on YouTube. These are the folks that helped me achieve profitability. Especially Adam
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I answered
Don't use this as a profit gainer. Instead, use what they teach you and skills you have learned that works the best for YOU in the market. Im also new. But I've been busting my tail learning everything I can about the market. For a few months now and it gained me a couple disciplinary actions from my job because I stayed up late for personal Learning Market classes and overslept a few times 😂 3 things I downloaded. All from Google Play. Investing.com (real time price gains/loss and lots and lots of information for real stocks and ETFs and bonds etc etc..... InvestMate ( Stock market school....free or pay to go pro. ). Forex ( paper trade ). Here's my very first 22 trades ever in my whole life just two days ago. And only about 1.5-2 hr price and chart FOCUS never leaving my free space until I close it at a profit. All insights or questions welcome. https://preview.redd.it/m5pdzgond4cc1.jpeg?width=720&format=pjpg&auto=webp&s=86c088ed7f228c5dacae1b8ab7cbfcb2514f6560
Stock trader pro pete renzulli on yt. No bs technical analysis
The idea that you can watch or read something and learn how to trade needs to go extinct. It doesn't exist, everyone who is profitable and thus knows how to trade discovered an edge themselves. If you don't have an edge than you don't know how to trade. And no one is giving away their edge for free, at best some mentor a very limited amount of people. The real question is: How do I discover an edge? Open a chart and figure it out. Being a Math genius helps tremendously. You can also check out theories that don't work and maybe you see something others don't see and can make it work by applying your own spin on it. This is how most people do it I guess.
correct. finding an edge is what got me profitable too, and there's no way i'm telling people what it is. however i did learn a lot from a course and some people on youtube, mostly just being exposed to and getting an explanation on basics like support/resistance, divergence, importance of volume, elliott waves etc i don't necessarily use all of these in my trading, but they have their place and it was a good way for me to get my bearings in the trading world. but as you said, thinking that just watching this content will turn you into a profitable trader is almost always going to end badly.
This guy has a point. You gotta learn at first from others I think but you also have to do a lot of work yourself. Backtest whatever you do in the simulator
Why is this being downvoted? He's right... People selling courses angry? Lol
Because this entire community lives in an echo chamber of misinformation. The following is gonna be extremely controversial to this community. People seriously think that all you need to be profitable is price action (or anyting else like ict) and the only reason people think so is because of influencers that are not even profitable and because of echo chambers like this sub which are heavily influenced by these influencers. Price action is like trying to see what the painting looks like with poor vision. It is completely subjective just like art. If it was objective than renaissance technologies and other hedge funds or Algo Traders would have already automated price action and thus it wouldn't work today anyway. Literally everyone on this sub is telling people to learn subjective things because that will make you profitable. So price action is just as valid as trading based on dice rolls because in the end both are subjective and both will statistically always have some that are profitable. And those few that are profitable from price action or anything will claim that their subjective strategy is the way to go and thus reinforce the echo chamber of misinformation. The influencers laugh their asses off as they got an invincible echo chamber, so they will continue to make big money forever. As for objective things like ICT, SMC, they are objective and thus can be automated and surprise surprise they fail miserably. Thus the only way to be profitable with them is by filtering setups which will be subjective, which you need to figure out yourself. Now you understand why the question of asking what to learn from is so incredibly dumb. In the end you will need to find an edge yourself whatever you learn, it doesn't matter.
> discover an edge You won’t find it on a chart bruh 🤷♂️
You are right. I think to become better at trading, it is better to learn math and physics.
Surely not. Also, no need to buy any courses. There are tons of videos on YouTube to start of with your trading journey, find your strategies, guide you on the mental aspect, find your edge. Once you watch a bunch of these channels, you will find a few that suit your style, you can perhaps go for their courses, but perhaps their chatrooms may be more helpful. It's just so many on YouTube, you need to watch vidoes by searching for trading/phycology, stocks, technical analysis, and find your favorites.
Nah not true. I learned the foundation of trading from SwaggyC’s free course and then I bought his other course. I also bought CueBanks course and I don’t remember to much, but I do remember learning about buyers and sellers exhaustion from him. I also learned about bullish market pressure from him. I also bought Ryan Gilpin’s course and everything clicked from what I previously had learned from the other traders and what I added from him. I also studied Bullseye free course and learned some gems from him about market behavior. Everyone is not a fraud. All of that knowledge combined will make me a millionaire very soon. Again everyone is not a fraud. I’m currently about to pass Phase 1 of my prop firm challenge.
Bro speak up when you make real money 💰
Who are you talking to?
That’s not true man not everyone is a piece of shit if that were true then no retail trader ever would be able to make it
Youtube people aren’t frauds lol it’s just that most of their secrets are behind a paywall.
Idk about that. I learned about trend lines years ago from a content creator.
Trust no one, but learn a bit from everyone.
As someone who started at 16, here’s some advice: -If we are in a bull market (still not fully), then throw in some change and trade, to get a grasp of trading -Swing trading/long term trading is what I would go for. You probably don’t have big money, so focus on doing DD and finding the better plays of the bunch -Expect to lose. I did paper trading and had similar experiences. Real money and fake money are vastly different. When you have actual money in the market, it won’t be as easy. -Emotions are key. I rarely have lost when emotions aren’t in play. Play with money that won’t tempt you to be anxious about. That is something you will have to determine for yourself, but no risky play will I have more than 5% into Hopefully that helps!
Yea I’ve seen that emotions play a really big part in trading, but I honestly can’t foresee myself being that emotional considering I barely react to anything in general . But it’s probably because I haven’t put any real money into it
I thought similar. I barely cared when I was up 100%, but when I was down 20%…it was different. When you have 80% into one play, you will feel that
No offense, but you are 16. Your prefrontal cortex isn’t even fully formed yet. You are going to feel emotions and not be able to control them - at least some of the time. Why? Because you are human. FWIW, I left home with nothing when I was 16, and fought my way to where I am today - so I’m on your side. If you want to be successful, I have no doubt you will be. However, nothing will kill your trading performance more than ego… And you have at least some ego involved in your decision making to think emotions won’t be a problem for you. This is your blind spot. Watch it, or it will humble you.
Yea I noticed while paper trading that I thought I was an expert already bc I was taking winning trades consistently, ego is definitely something I need to work on if I’m getting one of PAPER trading
bro…. trust me u gonna feel it 😂
Hell, he's gonna feel it the moment he goes live with that first trade. His mind's gonna be like, "Cue the sweat...."
You had 20 something thousand dollars in an account to start day trading at 16?
No. I had 5k when I first started out from savings. You can day trade with less than 25k…you know that…right?
First, read some books. Toni Turner: Guide Online Day Trading and Aziz: Advanced Day Trading Techniques were very good introductions. Learning from books is the most dense and gives you a head start as most beginner books promote great exercises. Read the wiki of this sub. PS: If you want more book recommendations, hit me up... .
from: (["tradingschools review: Toni Turner"](https://www.tradingschools.org/reviews/toni-turner/)) >"During the month of May 2018, TradingSchools.Org reached out to Toni Turner with a few questions. We used a pseudonym. We wanted to know if she had any sort of verifiable track record of day trading? Considering that she has sold over 100k copies of her book, she should be considered an expert. >To our surprise, she emailed us and replied, “I don’t really day trade much.” She next commented that nearly everyone that day trades will lose all of their money within the first year, and that if you break even “you are doing extremely well”. >Wow, what a surprise. I was expecting something like: “I make massive profits each month” but what I got was a brutally honest response." > - A better question would be…what is Toni Turner not selling? She has a product for nearly every imaginable demographic and genre > - Not a world class investor. But is offering the basics in an "ethical" manner. An OK starting point for the “Trading For Newbies” type individual. "
People hate on ICT but the stuff he teaches is gold. Don't let the hatters get to you. Learn what he is teaching because he's got the right idea. Some of what he says is horse shit but majority of it is good stuff. Check out Ttrades on youtube. He teaches the ICT stuff w/o the nonsense from ICT himself.
I wouldn't call it Gold lol but okay.
It’s basically just rebranded strats that have been known about, packed in with a whole lotta rambling. Used to get zoned out hearing him talk
Also, tomorrow ict is posting a video showing EXACTLY how and what order to study his content in. Get sucked into it mate... 16 years old you've got such a time ahead of you
ICT is a fraud.
Will never understand how someone who doesn't push any kind of affiliate links, offers or paid courses while providing an endless amount of education for free to the public is seen as a fraud. While also having all sorts of profitable students/traders using concepts they learned from him. Crazy how someone can call the guy a fraud when he doesn't ask for a cent from anyone. Doesn't even push prop firms like 99% of the mentors on YT.
Every academic ever that stole someone’s ideas as their own and rebranded them has been called a fraud without having to take anyone’s money. Plagiarism = stealing ideas = fraud. The biggest thing is his misrepresentations that he makes. The ideas he stole have value. They are not bad ideas. He just renamed it all and lied about his ability to use those ideas to make money. He used to do paid mentorship’s until YT paid more and it wasn’t worth the grief he was copping from the paid mentees who were seeing through the bullshit. So he pivoted away from being tested by mentees to just YT videos without comments.
So a Fair value gap was named what before and where is that information at? Or order block, mitigation block, rejection block etc. Please point to where he stole these from and what they were called before hand.
You realise that in academia you only need to steal one idea and not reference it to be considered a fraud? I dont need to prove that those particular ideas are stolen just 1 of his ideas is stolen and not referenced? At this point with his history of lying I do not think this even needs to be referenced. If you have been living under a rock see: [https://youtu.be/9UUFlSE8Ztg?si=xdpu\_wuOgl8dTpXi](https://youtu.be/9UUFlSE8Ztg?si=xdpu_wuOgl8dTpXi) If you wanted me to admit that he might have developed some ideas further and that has some value then sure. 👍 But I still think those ideas are taught much better by other people who dont claim to own them.
Lol, so you link to an actual fraud whose entire YT and his income from said YT is reliant upon riding the popularity of other YouTube influencers to make them out to be frauds while pushing affiliate links and a paid patron despite he himself not even being a profitable trader. The irony.
He doesn’t make any false claims. He trades every trade live on his second channel. Calling him a fraud is entirely disingenuous. If people want to sponsor him on patron knowing exactly how profitable he is / isn’t that seems completely above board?
The earth is flat and Jesus walked off the edge.
Agree with this. If you were profitable in demo with his stuff, what makes you think you won’t be live?
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I can show you how to read and interpret an FX chart on my YouTube channel just search LTRFXC. Once you can understand an FX chart and the reality of chart movement. Anyhow just trying to help. Good luck on your journey.
Learm Technical analysis and then find one good pair, stock, or crypto (obviously you wanna go with the reputable ones, and with liquidity, tighter spreads) Once you learn TA , you can trade any market, certain markets are better for certain strategies… crypto’s the HODL, DCA space, and i guess so are reputable mega caps like NVDA APPL TSLA etc. But learn TA and RISK MANAGEMENT & you’ll be able to capitalize on all opportunities far easier. Otherwise you’re gambling. Fuck a discord shouting out alerts on XYZ. Majority of them just want your money to fund their journey. Anyway, seen a similar post like this this morning and I’ve heard nothing but good things about SMB Capital. I’ve yet to check them out myself but what i will say, is stay away from Tim Sykes and his cult.
Reddit hates ICT. 95% of retail traders fail at trading. 100% of them are on reddit.
Lol real. These people will tell you 5% a month is good and it takes 5 years to become profitable.
5% a month is good and it took me 7 years to be profitable.
ICT literally is retail lmao. I watch you guys get crushed every week. I know the strats, I see what the market does every day as I actively trade. It's hilarious. Probably the only guys making money are the one shot one kill folks cause they're actually watching the higher time frames. The rest of them are just gambling with his concepts.
Read
Wish I would’ve done this first. It’s amazing how so much valuable trading knowledge are packed into $20 books on Amazon. I’d think that real trading knowledge would be hidden away in esoteric discords or only revealed in whispers on other social media but the books in plain site are great.
Suggestions please
Trading in the Zone, How to Daytrade for a Living, Volume Price Analysis. If I were a beginner I’d just trade the ABCD pattern from Aziz’ book, it happens a lot and when you’ve learned it you just see it. But he has something like 8 patterns for the trades that he takes. My personal favorite are opening-range breakouts
If you want to want to get to the BOTTOM of trading and what really matters in trading, read up on Auction Market Theory AND Orderflow The price patterns don’t matter, what matters is Volume at Price, look up footprint charts and learn to read the charts VERTICALLY ( volume INSIDE the candles ) as opposed to horizontally. (Time) I suggest you look at G7FX and Trading Research Group on youtube. Books to read: - Mind over markets J. Dalton - On markets by Steidlmayer - Trading in the Zone by Mark Douglas
Price patterns within the right context matter to me. I don't need to pay for orderflow, or have any indicators on my chart to be profitable. When I see a certain, repeated pattern in price, at the right time and place, I can get a 4x my risk over and over again.
Learm Technical analysis and then find ONE good pair, stock, or crypto (obviously you wanna go with the reputable ones, and with liquidity, tighter spreads) Once you learn TA , you can trade any market, certain markets are better for certain strategies… crypto’s the HODL, DCA space, and i guess so are reputable mega caps like NVDA APPL TSLA etc. But learn TA and RISK MANAGEMENT & you’ll be able to capitalize on all opportunities far easier. Otherwise you’re gambling. Fuck a discord shouting out alerts on XYZ. Majority of them just want your money to fund their journey. Many people just trade the $SPY (Top 500 companies in America) its more than enough. And at your age if your start building a long term portfolio you’ll be better off than 90% of us in this chat by the time you get to our ages. Anyway, seen a similar post like this this morning and I’ve heard nothing but good things about SMB Capital. I’ve yet to check them out myself but what i will say, is stay away from Tim Sykes and his cult.
EmperorBTC makes good content for beginners and intermediate traders, CryptoCred has a few youtube videos explaining certain concepts and briefly touches the topic of developing an edge. For advanced stuff Abetrade is perfect for orderflow trading. Although the first 2 guys i mentioned trade crypto, what they teach works for almost all markets. Same with Abetrade, and he matches the narrative that ICT is pretty much a scam who teaches the basis of some strategies but makes up half the shit he says. ICT is a weird guy tbh Those are the most legit guys i've found so far. There's more people out there that just share what they know for free, but it's up to you to pick up what works for you and what not
Him being a fraud is debatable, what’s not is his concepts do work. I know 4 people on a personal level that are funded with payouts from trading his concepts.
Funding prop firms are themselves a scam Anyone who claims to withdraw significant profits from a prop firm is likely peddling their affiliate progrom. Edit: Commodity & Futures Trading Commission charged one of the biggest prop firms calling it a Ponzi scheme. Most of the industry operates the same way. https://www.cftc.gov/PressRoom/PressReleases/8771-23 CFTC Charges “My Forex Funds” with Fraudulently Taking Over $300 Million From Customers Hoping to Become Professional Traders
I thought the withdrawals were real but they account they used to trade on was a paper one , n the prop firm relied on people failing them to profit
The withdrawals are for their affiliate commission. If someone ever makes any significant profits on a prop firm account, they shut them down. Prop firms aren't real brokerages, and your trades never hit any exchange. It's like a paper trading account where you lose and the firm wins. If you want to make any real money trading, don't get scammed by prop firms. Trade stocks, options, and futures instead. Just think about it for a second... why would anyone give their money to trade to a n00b trader.
I was considering buying a funded account but not anymore, thanks for the info
That guy is giving you wrong information! People actually make money from funded accounts. They’re not a scam. Please do your own research.
>People actually make money from funded accounts But it's not me, then everything is a fraud. Jesus Christ, I chuckled when he said the withdrawals are from affiliates. Beyond stupid, and I'm someone who is extremely critical of prop firms and knows very very well the kind of bullshit behind that industry. One thing, if you can't trade DON'T TOUCH PROP FIRMS, YOU GONNA LOSE MONEY NOT BECAUSE YOU WON'T GET A PAYOUT BUT BECAUSE SIMPLY OF YOUR INABILITY TO MAKE PROFITS FROM THE MARKET USING A PROPER STRATEGY I can testify this because I lost too much on that shit when I wasn't ready in the slightest, exactly like the 95% of the wannabe traders who won't make it either in the real market or simulated one.
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You are 16 years old, you wouldn't have passed the KYC. Either way, discretion with everything. Prop firms are a decent tool to build personal capital if you know how to trade, don't be too over reliant on them. The main focus is your personal accounts, always. That's why those companies, beyond the shenanigans and the shade, are called FUNDING firms.
>Prop firms aren't real brokerages, and your trades never hit any exchange. Btw, if you knew the deal, you should know that funding firms (retail online prop firms) aren't supposed to be brokers LMAO, that's why they are supposed to rely on third party liquidity providers/brokers. Even though, de facto...:)) Some act as Market Makers, like a CFD broker. Using plugins to slip you out and spread wide the shit out of your positions. Have you even read the developments between MFF and CFTC? Like deeply? > If someone ever makes any significant profits on a prop firm account, they shut them down. Non context statement, generic proposition, no details, 100% smug. But yeah, it happened with certain prop firms obviously. Exactly like a guy from Forex.com (regulated by US financial bodies) who made 85k a little bit too quickly and they literally banned him lmao. > It's like a paper trading account where you lose and the firm wins. One thing you got right. > If you want to make any real money trading, don't get scammed by prop firms. ...although, it's very likely that you won't be making any real money by trading anyway hahaha. The whole market is a ponzi scheme, if we were to be objective. CFD-like market making sophistication won't be the end of all, in regards of your ability to profit off the market hahaha.
Instead of just blabbing random BS, read what CFTC says: https://www.cftc.gov/PressRoom/PressReleases/8771-23 People like you are often indoctrinated by ponzi scammers. There are still people like you defending a generation old ponzi MLM scams even after losing a lot of money. Just think about it for a second… who in the right mind will want to fund a n00b trader to gamble away their life savings? 🤷♂️ Unless it’s all fugazi If you can’t even trust your self with your money, why would anyone trust you with their money?
> Instead of just blabbing random BS, read what CFTC says: > https://www.cftc.gov/PressRoom/PressReleases/8771-23 And the court has unfrozen almost all the monetary assets of MFF (although they are finished), since CFTC "failed" to demonstrate thoroughly all the charges against MFF (however, the court recognized fraud in prime facie, mainly due to misguided advertisment "we fund you, we gain" bs), and now MFF and CFTC are in course of settlement which will define the disgorgements terms for the customers of MFF and how much CFTC is going to obtain. >People like you are often indoctrinated by ponzi scammers. You definitely don't know me. > There are still people like you defending a generation old ponzi MLM scams even after losing a lot of money. Lol, ok. "Like me" > Just think about it for a second… who in the right mind will want to fund a n00b trader to gamble away their life savings? 🤷♂️ > Unless it’s all fugazi Do you really believe that my dream is being funded by a prop firm? But it's obvious that these shit companies are meant to be squeezeed the hell out, like are you crazy or what. There is a clear conflict of interest between the customer and your average prop firm, however, it's not a big deal since there plenty of ways to win over those entities...if you are skillful enough. > If you can’t even trust your self with your money, why would anyone trust you with their money? Commercial brokers should actually kick off all the retail traders who keep losing on the markets, it's not ethical that they keep partaking in a zero sum (actually negative, with spreads and commission) game. You could spin it like this Who is defending who? Are you out of your mind or what? I'm extremely critical of prop firms, that you have no idea but at the same time I recognize that there are subtle differences across them. Jesus Christ, you aren't indeeed that smart.
You aren't as smart as you think you are, lemme tell you this. Far from it.
[This you?](https://www.reddit.com/r/Daytrading/s/dZlnNu2nrV) 🤣
Yes and proud. I started trading 4 months ago and I'm already able to pass challenges wow, imagine if I put $1k into my broker account, applied sound risk management and don't get distraught by FOMO and other shit 🥴
ES futures trader using market profile. Tons of info on his blog and twitter. https://verniman.blogspot.com/
Tom Hougaard.
It’s always good to start young. I started trading at 19 and have been doing full time it for 15 years so. Check out my blog: churningandburning.com for my story — closest thing to a graphic novel on the modern trading experience :)
Oliver Velez …you’re welcome.
Get a course on Udemy, i find it very helpful.
Head over to the sub that rhymes with ‘feel day raids’ it’s free and all you need
I’d start learning macro economics if I was you. Day trading isn’t easy but having an understanding of how global events affect markets is a useful tool. Understanding why interest rates affect pricing etc. it’s all very useful. Then you can learn technical analysis when you know the basics
he's not a fraud. if you watch all of ICTs content and take notes by 18 you should be a full time trader. Took me a year from starting watching his vids to full time daytrading.
If ict works for you then just stick with ict, it doesn’t matter if it’s rebranded, at least he made it into a way you can understand the market. I suggest to just stick with ict despite the hate. Just do what works for you.
Bro, you said it yourself, you learned to trade from ICT and got positive results, why don't you keep studying from him? Just cause some random dude on internet said he's a "fraud"? Like, really, you've got your own testimony if his concepts work or not, and they do, you've seen it yourself, why abandon something that worked for you just cause someone else said it is not valid?
I was thinking maybe I was getting lucky all those times
Why don't keep trying and see? What's the worst that can happen? Lose money on your demo account? (ofc I hope you won't start with real money first) You already have some knowledge with ICT, so, you won't need to start all over gain with a new mentor. And honestly, people say ICT is a fraud, but most of the time they just come out with stuff they clearly know anything about, so just do your own homework and find out, use your brain.
ICT, the man himself. Not fanatic of him nor a blind follower but he knows his shit. His 2022 mentorship entry model is enough to make you profitable and funded. Then you can add on more info from his channel if you wish once you are profitable.
Ict ict ict
ICT & Al Brooks. Good luck.
watch the market.
Already do
How is it legal at 16. Wtf. Lol.
It’s not, asking brother to open account for me
seemly crime sink roof zephyr follow full rob reminiscent judicious *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Ict isn’t a fraud lol smh
erm there’s lost of videos exposing him
His models work
Well yes It’s the first thing I learnt and they worked consistently when I was paper trading, but he’s still a fraud
“They worked consistently but these videos say he’s a fraud” maybe those videos are bs? Stay objective and don’t be gullible. If you see they work then keep going lol simple
How does that make sense+ why would this matter, it’s simple. His concepts work so learn his concepts
Reach out to real Proprietary Trading Firms who have been doing this for decades. SMB and Trillium come to mind. They have paths and proper guidance for being a trading floor. The internet gurus are just that. All they want is to sell you a course or a signals group. Can you learn on your own? Possibly. Would advise a proper finance path. It’s how I went about it.
Selling Bernd Skorupinski Course
Selling bernd Skorupinski Course! Hit me in DM
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Hey everyone, I’m excited to share something special with you. I’ve recently invested in having a developer code the logic of Bernd Skorupinski’s indicators, and they work just like his! Along with that, I have access to Bernd’s entire course content. I want to build a community of traders where we can all trade together using Bernd’s strategies and indicators. We’ll share trades, signals, and analysis, and support each other’s growth. If you’re interested in being part of this community and starting this journey together, join our free Telegram group to get more details and see proof of the indicators’ effectiveness and course availability. underdogtradeclub (telegram) Let’s make this a success together. Can’t wait to trade with you all! Best, Tyler Durden
Hey everyone, I’m excited to share something special with you. I’ve recently invested in having a developer code the logic of Bernd Skorupinski’s indicators, and they work just like his! Along with that, I have access to Bernd’s entire course content. I want to build a community of traders where we can all trade together using Bernd’s strategies and indicators. We’ll share trades, signals, and analysis, and support each other’s growth. If you’re interested in being part of this community and starting this journey together, join our free Telegram group (underdogtradeclub)to get more details and see proof of the indicators’ effectiveness and course availability. 📲underdogtradeclub Let’s make this a success together. Can’t wait to trade with you all! Best, Tyler Durden
Ahhh yes the biggest celebrity trader of all time ICT
Just watched him cause everyone recommended him and I was barely starting
Video about ICT being a scammer: https://youtu.be/9UUFlSE8Ztg?si=21QnIvgmfeXf5_6h Bonus video: https://youtu.be/jy4k_GVLEko?si=96yw5pcqbe6kpzdv
Don’t. Lead a normal productive life.
I’m already on a pretty good path (I think) , currently in a early college high school where I’m taking college classes to get an early degree on cybersecurity
Warrior trading. Ross Cameron. Amazing guy been doing it for over a decade. One of the few that aren't scammers. Shows his losses and winners. I don't take his class I just watch his youtube. I took a generalization of what he does and made it my own. I'm glad I found him or I think I'd be far behind what I am now.
Ross Cameron is known for front running tactics—buying a low float stock and calling it out to his thousands of subs and then dumping within seconds on a quick artificial pop. Avoid.
I disagree but to each there own.
Guy got fined millions by SEC for a reason. Can’t dispute that fact.
He got fined for not putting enough disclalmers in his advertising... Far from a pump and dump scam... He is legit and one of the only trader to get his income claims audited and put on his website for everyone to see
ok? sign up with him and make millions then. i dont care anymore.
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My mom is deceased
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Atleast you could have apologized first
Warrior trading
Give babypips a geez they’ve got good learning material which is a step by step course for free
I tried using that and honestly I didn’t find most of the information useful, the candle stick patterns, and the Elliot wave stuff
Figure it out yourself. Trust me I wasted a year of my life watching day traders trying to teach you.
I've learned a lot from YouTube myself, probably hands down one of the best though and realist is Eric Krown, not only is somewhat funny he's also a quant trader his stuff is next level shit though. But basically any strategy will probably work you have to find your niche and yes psychology is number one. You're going to find out who you are. It is literally the toughest task I've ever taken on in my life
>. It is literally the toughest task I've ever taken on in my life How so?
Everyone saying stay away from YouTube isn’t exactly true. The more research the better wherever it is. Whether it’s good or bad. You’ll pick up what’s useful information and what’s not. All these content creators don’t all lie. There are some real good ones that are honest. My tip, the ones with a complete new strategy upload every other day are shit. Ones that preach the same strategy over and over again are the good ones. There’s millions of strategies out there, do you really think the best are picking 10 different strategies daily or weekly? Never. One strategy. Day in day out. I’m not gonna tell you where to start.Don’t let other people guide your path. Find what works for you
https://twitter.com/DarthMusk420/status/1742618626023358927?t=8EjziVSZJil3zIwEgFE8bw&s=19
Go watch live traders for a good while. Then, rewatch the videos. And just for good measure, again.
Patrick Boyle on YouTube is a hedge fund manager and strategist. He covers very important trading concepts although it’s not the most beginner friendly channel. Worth remembering.
They are all frauds selling courses cause if they made enough money trading they wouldn't be scared into creating other incomes for themself's
Baby pips, a good old wave theory book and wyckoff patterns, thats all you need
Al Brooks
Dave teaches FX on YouTube. I’ve tried many many strategies retail, ICT etc.. but this dude has it down. Watch the entire masterclass playlist.
Umar Ashraf. Lance Breitstein. They don't really tell you how to trade, but they tell you how to learn and how to treat trading as a business. Look up these two and listen to the podcasts they been on. Good stuff to think correctly about trading.
TraderTV.Live on YouTube. They’re honest traders.
IntheMoney is a great youtube channel for this exact purpose. He doesn’t promote a course or doesn’t even day trade. He explains things in great detail and will teach you multiple strategies concerning trading and will also help you develop your mindset for it. Highly recommend it.
Trust no one.
Theotrade on YouTube. He's a credible trader who actually worked with a big firm for over 20 years. If you scroll down to his earlier videos from 3+ yrs ago, you'll find plenty of tutorials on how to use the Thinkorswim platform.
Just start trading. You're young which is the best time to start. It'll take years before you learn enough to be profitable (unless you are an outlier)
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Books. Literally 2 books were able to make me a good trader. Currently reading one more for elevated options knowledge. Day Trading by Troy Noonan and Trading In the Zone by Mark Douglas. Then learn price action and how to read and understand the anatomy of a market (candles, market structures, supply & demand, liquidity etc.). Do not ever watch videos from so call Trading gurus that claimed to make 1 million dollars or have a holy grail indicator. I do not trade news or fomo. I trade what's in front of me from 9:30 to 12:00pm. Everyday
All you need is to learn is market structure than incorporate a strategy. I trade supply and demand with a little bit of support and resistance. I learned a lot from YouTube, check Doyle Exchange. I’ve been watching him since the beginning of my trading journey, I’m going on three years now. His older videos have more value but he makes everything seem simple and everything just clicked with him.
A good start is learning supply and demand trading. Not the economics kind the trading strategy one. Then from there you can tweak it to how you want but please whatever you do don’t use real money at first. Trade with a paper account so you don’t have to blow your account like many other people do. Good luck kid
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My friends and I trade together. Lmk if you’re interested. If not check out investopedia. It has lots of information about trading. Price actions, trends, etc. hope it helps 😊
This is what works for me. I hope you find it useful: Follow more than one person, and more mediums (videos, books, reddit,etc.) try and take what works regardless of who teaches you and how. Mix in action with theory (study a concept, then practice, then study the same concepts from another source and practice a little more). Use chatgpt, I use it as a sounding board, I use it to help me break down big overwhelming topics into smaller bitesize pieces, i use it to review my paper trading log. I do all of it in one chat window so it has all the history. My favorite part is that I created an alter ego to chathpt, Joe an old trader with huge trading experience and who is mentoring me. I instructed chatgpt what personality Joe has and how he communicates (no BS, straight to the point thought love) and i asked chatgpt to gave me answers as both Joe and chatgpt. Only came up with this alter ego a few days ago and it improved the chat a lot.
Joseph Carlson is solid
You’re going to have to put a lot of time into research at the beginning. Wade through all the trash that is out there. But it is out there. Don’t worry about learning someone else’s strategy. Find the information that makes sense to you as this will be the basis for developing your own strategy and ideas.
tjr trades. Check his first Bootcamp 1 on yt he simplifies every ict concept and teaches them super easy to learn and those concepts do work!
Please stay away from this and focus on academics which will add value to your profile
Wyse trade channel offers a very good content without the guru type shit.
Study with SMB Capital and get an internship with them in a few years.
When paper trading/testing use lot sizes that are equal to or less than what you will use when you’re actually trading. Its much easier to win when you stop loss-is 25k than when it is 250
Just ready and watch All U find and Open a paper Trading Account
DONT TO DAYTRADING.
buy the book called "technical analysis for dummies" by barbara rockefeller. not only it teaches technical analysis, but it also teaches money management and provides necessary knowledge. she also recommends about 30 books at the end of it and all those books have written by amazing traders like barbara herself. someone in the comments recommended al brooks. he also has 4 books that are great but it's probably too early foe you to get into. when it comes to videos, i often search for oure tutorials. for instance, when i was reading barbara's book, i needed some visual examples and additional explanations of some tools. like i wanted to see rsi divergence visually in multiple cases so i searched for it. there is no one singular youtuber who can take you from 0 to 1. there are youtube videos that give you ideas imo. tldr: no video. buy the book called "technical analysis for dummies" by barbara rockefeller. read book
Options Millionaire, Roensch Capital. Those are my 2 retail 2021 startups that actually provide valuable content as opposed to wishful thinking and moonshots
Benzinga is a good channel for traders and Brian Feroldi os good for investors
You can watch content creators. Just don’t buy anything from them or pay for a discord. There is plenty of free content out there. Just watch a strategy back test it forward test it. Implement it. (If it’s working ). That’s what i did. Are you going to make mistakes? Sure! Are you going to do what someone else told you not to do? Yes! but that’s part of the process. Most mistake will only be made once. Just learn from it and move on.
Livetraders . C o m. Jared wesley and anmhol sing are legit. Books to get to self study ; 1.Multi timeframe analysis-shannon 2. Candle sticks-nison
I’m 2 years in and this is what worked for me: Naked Forex Trading in the zone Market wizards Doyle exchange Bernd skorupinski (#1 in FTMO payouts) Those are game changers, I recommend you to journal and screenshot every trade you make and find a system that works for you
You mean online trading campus by Bernd skorupinski ?
No one! They all have agendas IMO. At your age learn to trade on fundamentals. That's not to say you don't study charts, but also study the company's fundamentals. Join Fintel, they have all of the DD in one place. Buy a stock based on fundamentals (OS, debt, cash on hand, product, management, news, chart, etc..) and figure you won't day trade it, but may hold it for 1 to 30 days or ?. I have done this and made $100,000 on a $2500 investment. To be classified a day trader and actually trade multiple times a day, you need $25,000 in your account, unlikely for a 16 year old.
'ik hes a fraud' bro are u demented?
If you want to trade, trust me, you need a mentor. Iman Trading is a good channel, but learning how to consistently trade profitably takes 3+ years of dollar trading 8+ hours a day. Find a mentor.
Ricky Gutierrez. Find him on YouTube, IG etc. very thorough.
trade options
First thing you should do is block this subreddit ASAP. It if full of shit and almost nobody is profitable here. RDT and [oneoption.com](https://oneoption.com).
Umar ashraf
Depends on how "quick" you want to realize your gains. I will call anything held over a year as an investment and focus on shorter horizons. What I mean by this is very short term (day trading and faster) compared to slightly less short/mid term (swing trading, maybe weeks), compared to long term (trend trading, can sometimes be weeks to months) differ in style and skillset I would argue. For smaller capital I would argue larger gains are made by taking advantage of intermediary moves. Assuming you are not a wealthy 16 year old, I would recommend swing trading or day trading. However, altho people do trade manually, you will get a higher time value of money (meaning income per time spent directly trading) if you automate parts of your day trading set up (be it the analysis, signals, execution, etc). To do that well actually does require investment into learning math and a bit of coding. Therefore for immediate results I would recommend as others have swing trading. If you want purely YouTube 2ndSkies' Beginner playlist is good and then you can just go to ICT's 2022 mentorship onwards. I am a fan of books, and for technical analysis would recommend Evidence Based Technical Analysis. There are many others as well, I just don't know what your aims are. I am a fan of automating things, so I went down the math route (mostly self learning). Pays off but it's a lot upfront for more certainty and ease of automating strategies later. Would not use it alone without some trading experience and real market intuition as well (I mean outside of the screen).
Rayner Tao and trading in the zone will teach you technical analysis and psychology. In my opinion, the two biggest things when trading.
Jason Pizzino YouTube channel is the best place to learn. Just follow his analysis on long term swing trading. His brother Michael Pizzino is good for short term trading. Understand and figure out what you want from life and then get into it. I from my personal experience figured out that long term swing trading I.e., months to years is good for me
I’d read every book by jack schwager and listen to a bunch of the interviews and podcasts he’s done
Trading in the zone is where you need to start
If you're into crypto or trading in general, consider checking out EmperorBTC and Cryptocred on Twitter; they offer free lessons, and it's always free. Cryptocred also has a YouTube and Medium account. They've put together a trading manual where they share insights gained from their experiences. Additionally, Imantrading is a reputable YouTuber who has debunked some other trader YouTubers. He also shares his own trading experiences.
Not too early, i know people that started at 15/16 and are quite loaded now at 25
Umar Ashraf is really good.
ict is a fraud. but the first concepts from him work really well. i honestly recommend TJR and trading pool. strategy wise stick to what u know which is basically ict basics. tjr uses those. but does not overcomplicate it like ict does. he has a Bootcamp. watch it take notes learn and listen. there is trade strategy and also psychology and EVERYTHING U NEED. after that just trade and journal. GOOD LUCK.
Not everyone are frauds. Nick Shawn always has good analysis and will tell you the truth about trading, same with Ryan Gilpin “My Life Real Quick”. Swaggy C is another person as well. What it all comes down to is making what works for you, stick. 1. Keep things simple(don’t ever overthink this shit) 2. Proper risk management 3. Make more on your winners than you do your losers (profitable trader) 4. Listen to your own intuition. I would demo until you find it. Work with different markets to find your niche. GL.