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I am still pretty new in trading, and now I'm in desperate need of information and knowledge of how to create a strategy, how to do a proper enter and exit, and so on and so forth . Well - normal needs of any beginner .
So I thought It would be great, if more experienced and advanced traders share a part of their story of "How I stopped gambling and began to understand every what, where and why"
Any advise on people to follow on YouTube, articles from this blog, any other blog or trading courses would be great!
If You have something special to offer than just pm me
Thank You in advance!
The following 2 users say Thank You to michael94 for this post:
Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.
I really think the best way is thru pain and losses. The only advice I give is if you are very new trade small so you can lose less in the first 5 years. FIO will be great help and may reduce the pain.
Best of luck in your journey.
K
The following 2 users say Thank You to kareem40 for this post:
At least, maybe you would suggest some course or separate articles from this forum? Something You've already tried and consider valuable. Don't get me wrong, I'm not lazy to do research. It's just.... there is so much info that I'm kinda lost, and trying to sort it out a bit.
The following user says Thank You to michael94 for this post:
I have tried many and the only ones that worked for me are courses about Price Action and VSA. I have studied and followed Dr. Gary Dayton and Feibel Trading for both VSA and market structure. They both have tons online and on YT for free to try. It maybe a different journey for you. Just don't move around too much and always remember that almost all indicator vendors are a waste of your time and money. Good traders trade, others sell indicators. Last trading is very, very hard and not for everyone.
Again, good luck.
K
The following 5 users say Thank You to kareem40 for this post:
When I started I didn't even know the difference between stocks, shares and equities (there is practically no difference).
My first book was Day Trading for Dummies: a good introduction to give you a very basic and general idea of the world of trading but you won't get very far with that. The author is not a trader, she's an Economics professor.
I don't know of any trading courses that guarantee you any profitability: chances are they don't exist. In fact I would stay away from any trading courses which are likely to cost you thousands of dollars before you have had time to assess which direction you want your trading to go.
It is very difficult to provide personalized advice as everyone will be different: patient people can trade very slow markets, impatient people can't. This is just an example.
Many people on this forum say that the best time spent is searching content here. I would agree with that.
My best advice would be to familarize yourself with the powerful search engines in here. If you want to search for something specific but don't know how, just drop me a line and I'll help.
The following 2 users say Thank You to xplorer for this post:
So very true. And remember almost all courses are using on historical charts ( including my recommendations above). My best trades and sets are all on historical charts; I am excellent at it!! There are also very good traders here at the journal sections, follow them all.
K
K
The following 3 users say Thank You to kareem40 for this post:
Thank you guys for your replies and great advances! I already have some base of knowledge, and time to time I do really good entries and exits. I papertrade only for now, ans there is still a great lack of confidence and knowledge. Although even failing, I try to understand why. In most cases I see that I miss a lot of very important details and instead of acting basing on confidence, I'm jut gambling. It happens in 2/3 cases of all my positions. I know, it will take time to master this art, but from my experience I do things better when I can see multiple times how to do them. This is the reason for this topic. To fond some trusted source of information than can help me to think better about how to make my proper decisions. Of course there is no such as absence of losses or mistakes. But I think that good trader is the one, who has them minimized.
The following 3 users say Thank You to michael94 for this post:
