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New to trading


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New to trading

  #1 (permalink)
KC Trader
Kansas City, MO
 
Posts: 3 since Dec 2013
Thanks Given: 1
Thanks Received: 1

Hello all!

As you can tell from my title, I'm new to trading. I am looking to educate myself enough to become a day trader. I've been learning as much as possible over the last 4 months since becoming interested just from my own research with videos, tips, forums, books, etc. Also attended the free half day course offered from Online Trading Academy here in Kansas City and am thinking about attending the TopStep Trading University program. Started studying about technical analysis, and trying to duplicate trends in the market with strategies that I've seen in webinars and then practice said strategies on ThinkorSwim with my paperTrading account.

I've heard and read a lot of the horror stories from people about losing their entire account in one position. My goal is to learn from others mistakes and to not repeat them. I look forward to picking up any knowledge from anyone on here. Hope to talk to y'all soon.

Jake

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  #3 (permalink)
 
aquarius's Avatar
 aquarius 
Monterrey, Mexico
 
Experience: Beginner
Platform: NinjaTrader
Trading: Treasuries
Posts: 22 since Nov 2012
Thanks Given: 5
Thanks Received: 69


Hi, i guess you could start by checking this thread started by @Cloudy:



there are some links related to How traders have made it along the way, and also there's a Risk And Psicology youtube video in between from TopSteptrader. There are also some webinars on the topic you could also check out, also try checking Big Mikes "Where to start as a trader" if you haven't already. The webinars section has great material.

I guess it all goes down the same road, regarding your question: risk management and psicology.

hope it helps

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  #4 (permalink)
KC Trader
Kansas City, MO
 
Posts: 3 since Dec 2013
Thanks Given: 1
Thanks Received: 1

Thanks for throwing that my way. I've been watching all the applicable videos on here back to back, the joys of working night shift Repetition is key!

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  #5 (permalink)
 
sands's Avatar
 sands 
London + UK
 
Experience: Advanced
Platform: Proprietary Analytics
Broker: Multiple broker + Multiple feed
Trading: Currently European and US equities
Posts: 443 since Dec 2013
Thanks Given: 257
Thanks Received: 234

Come up witha good trading plan and then journal your progress to ensure you know how and why you've made decisions and how to avoid repeating mistakes. Do a search for trading plan and a search for trading journal respectively to see guides on each.

Good luck.

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  #6 (permalink)
 Cloudy 
desert CA
 
Experience: Intermediate
Platform: NT7, various
Broker: various, TDA
Trading: NQ,ES
Posts: 2,124 since Jul 2011
Thanks Given: 2,396
Thanks Received: 1,748

And Gabriyele's great original thread on trading videos. (need to be elite) Lots of free stuff on the web without having to subscribe for a paid "trading video channel". and of course best to pick and choose and decide for oneself what could work or not.


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  #7 (permalink)
 
tderrick's Avatar
 tderrick 
Nashville, Tennessee
 
Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker: AMP / CQG
Trading: NQ, YM and ES
Posts: 1,588 since Sep 2010
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I just posted my ideas of where to start here

good luck



AJ
Nashville, Tennessee


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Last Updated on February 22, 2014


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