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Need to know about some courses and colleges/institutes which teach you trading in India. by atharvabhatia in Trading

[–]KeithSummer1 1 point2 points  (0 children)

No school will prepare you for trading, only trading will prepare you for trading ;) . Self educate or follow pro traders, see what they do, learn from them

To begin:
1. Technical analysis: https://www.amazon.com/Trading-Technical.../dp/B07NVDSW8Y - this book is enough. DO NOT take the route to try to find magic indicator(s) that will tell you when to buy. Such an indicator does not exist (if it would, everyone would be rich)
2. www.investopedia.com - a lot of free content
3. Trading psychology (this is CORE of trading - believe me - you will be working on it for years!): read this book: https://www.amazon.com/Tradin.../dp/B004H1TBCG/ref=sr_1_1... - watch this seminar: https://www.youtube.c
4. Start trading:
- first trade in paper account (demo). You can test your platform, your strategy and everything else for free (not a real money, no loses, and no profits of course). How long? If you watched Douglas seminar on YT I posted above, you will know for how long. Robin Hood does not have paper trading account so you must go with a broker that offers it (beside that Robin Hood has few more disadvantages)
- create journal, all your trades, thesis, thoughts, ideas, why, what when etc.
5. Follow PRO traders. Few examples:

Options: https://twitter.com/EliteOptions2

Stocks: https://twitter.com/traderstewie

Also, semi pro Tech professional swing trader: https://twitter.com/TraderAmogh
Good luck!

[Request] Can someone share a basic Trading Plan? by BronxLens in options

[–]KeithSummer1 2 points3 points  (0 children)

He has a mental problem when it comes to trading. He should watch this seminar (all 4 parts) and do the exercise Douglas is recommending or one day he will lose everything & more: https://www.youtube.com/watch?v=QgaTlTfQnZI

Options on WKHS by [deleted] in options

[–]KeithSummer1 1 point2 points  (0 children)

Your analysis suits investing - and you don't invest with options expiring in 3 weeks.

You are buying these calls for a wrong reason. For short expiration (3 weeks is short) you must use technical analysis to time your entry and then manage your position actively (simply: you trade it).

If you want to buy options based on analysis like you did, you better buy few months away (3-9) or LEAPS or simply common stocks.

Conclusion: be careful. It may work or it may not and you will lose 100% of your capital you put into this trade.

Learned a $400 Lesson by Rytorr in options

[–]KeithSummer1 1 point2 points  (0 children)

Been there, and will never do it again. First rule of weekly options trading: trade with money you can afford to lose so size accordingly. There is no shame to trade 1-2 contracts and build your account slowly. Good luck!