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/smg/ starting out in trading

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Jun 2nd, 2023
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  1. >what's the point
  2. Trading is about making short term gains by buying and selling securities again and again. If successful, short term gains can beat the index making it worth the effort. Short term can mean seconds, minutes, hours, days or weeks (aka, scalping, day trading, or swing trading)
  3.  
  4. >how it's done
  5. The idea is to make more than you lose over time given a winning percentage using a strategy. While it feels like gambling its more of a probabilities game. Having a process or strategy for why you take a trade is a must otherwise it's a gamble. It can be fully discretionary, semi-automated, or a fully automated algo bot.
  6. https://imgur.com/a/OpFcgTT
  7.  
  8. >starting out
  9. (course) https://www.marketlifetrading.com/first_steps
  10. (book) The Three Skills of Top Trading by Hank Pruden
  11. (book) The Art and Science of Technical Analysis Market Structure, Price Action, and Trading Strategies by Adam H. Grimes
  12. (intro video) https://youtu.be/oNRM-UX_TNw
  13. (short videos on variety of trading topic) https://www.youtube.com/c/ukspreadbetting/playlists
  14. https://stockstotrade.com/trading-edge/
  15.  
  16. >more advanced resources, dont skip to these
  17. (advanced) Mind Over Markets Power Trading with Market Generated Information by James F. Dalton
  18. Wyckoff 2.0 Structures, Volume Profile and Order Flow by Rubén Villahermos
  19. (somewhat technical) https://www.youtube.com/channel/UCrfW_zlT-ZiCbmj2oNK-shA/videos
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  • tradingviewcodes
    185 days
    # text 0.12 KB | 0 0
    1. download all types of premium tradingview indicators codes available on telegram - https://t.me/tradingview_premium_indicator
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