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May I suggest you DON'T trade with real money until you learn technical stock analysis and you find a system that you can make a profit more than not. Guppy Trend trading minus the Darvis box crap. Study recent trend winners , understand price won't go up every day or down every day. Its the trends that change and finding them will make you a success.
What your asking is very wide. First thing you need to do is figure out what type of market participant
you are, otherwise the advise here will just keep sending you all over.
Are you investor or a trader (long term vs short term), most on this forum Im sure are either only trading, or a mix.
You can be fundamental (based mostly on financial statements) or technical (only price & volume).
Once youve figured that out then decide on whether you are a mechanical or discretionary trader.
Mechanical traders only follow rules (as in 100%), these rules can be coded and tested with backtesting.
Discretionary trading uses rules but allows the trader to override any system with his own ...discretion.
We dont know what your background is but from my experience
Accountants prefer Fundamental discretionary. (eg) Buffetologists
IT people and Engineers prefer coding and tend towards mechanical technical trading (system traders / algo traders, etc)
Another example is O'Neil was a fundamental mechanical trader, as was Benjamin Graham (Buffets mentor)
Figure out your starting point and then research more from there.
I think a lot of traders start of by reading trading books hoping that it will make them successful. A lot of these books will show them amazing examples of successful trades and reasons why the author entered them. The truth is you will never be able to take that and apply it to your trading. What you should do is read Van Tharps book “Definitive Guide To Position Sizing” as the most important thing to learn in the beginning is money management. Next learn about trendlines and various indicators that are available and start studying stock charts and paper trading. You will learn far more that way then reading countless books written by so called trading wizards. Also don't start trading real money till you have paper traded and are successful! Good Luck!
