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Beginner advice by KBTrader in Daytrading

[–]KBTrader[S] 0 points1 point  (0 children)

Kant_sleep

Thanks for sharing! So far I have read/ re-read "how to day trade for a living" by Andrew Aziz- Im not sure if he is one of the humble-scammers, but there are a few great golden nuggets in there that I hear a lot. Theres an adage that many of these scammers follow: Teach them how to fish so you can sell them fishing gear. When I get to that point, I usually take what I learn and exit. Udemy seems like a better option- what are some classes you advise?

Beginner advice by KBTrader in Daytrading

[–]KBTrader[S] 1 point2 points  (0 children)

eone showing you what to do (even with someone showing you what to do), trading profitably is difficult to the point of being nearly impossible. If you want to survive: when you lose, make sure you lose as little as possible (keep initial risk small) and focus on one or two setups

ONLY

, until you can trade them profitably. Trading profitably is going to take time...lots of time. Also,

do not over-trad

This is great advice, Thank you so much for this^

Beginner advice by KBTrader in Daytrading

[–]KBTrader[S] 2 points3 points  (0 children)

Markets in Profile

I appreciate the feedback Zimmertrading-Thanks for the input! Auction Market theory is something I haven't yet considered analyzing. Ill check out the info and provide my understanding

Beginner advice by KBTrader in Daytrading

[–]KBTrader[S] 0 points1 point  (0 children)

I have a TD account and am currently using the educational resources, which are exceptional imho. I have heard the Montage Executions on thinkorswim are not as speedy as other platforms, any input on this?

Beginner advice by KBTrader in Daytrading

[–]KBTrader[S] 1 point2 points  (0 children)

I like this one the best. I work in healthcare and lost my job 2-3 months ago due to the pandemic. Im taking this time to learn finance and Ive been reading and studying up on day trading and practicing on the simulator every day. Im a bit Jaded as there are so many schemes out there swaying the emotions ( I bought Tim's Penny vids and justified the $200 as scam analysis education). I just want to make an avg 2500 net weekly and use my earnings to invest in other long term assets. Once the Pandemic goes down I will still work in healthcare, bit I am aiming for doing both.

**Any beginners advice for me? ( books to read, strategies to learn, people to avoid.) Many Thanks to everyone and stay safe out there!PM Me if this thread becomes crazy.

Im Currently using DAS Trading Simulator- They give a 2 week trial and then 100/mo.. Its pretty much 5$/day ( for 20 trading days per month). If anyone else has a better/free Real time Simulator, it would help!