Thread🧵
"I want to trade, where to begin?"
First decide what kind of market participant you want to be. This will depend mostly on how much time you have per day to invest in trading.
Much Time per day:
-Scalper
-Daytrader
Little Time per day:
-Swing trader
-Position Trader
"I want to trade, where to begin?"
First decide what kind of market participant you want to be. This will depend mostly on how much time you have per day to invest in trading.
Much Time per day:
-Scalper
-Daytrader
Little Time per day:
-Swing trader
-Position Trader
So learn what these terms mean.
What is scalping?
"Scalping is a trading style that specializes in profiting off of small price changes and making a fast profit off reselling."
(Investopedia)
What is scalping?
"Scalping is a trading style that specializes in profiting off of small price changes and making a fast profit off reselling."
(Investopedia)
What Is a Day Trader?
"A day trader is a type of trader who executes a relatively large volume of short and long trades to capitalize on intraday market price action. The goal is to profit from very short-term price movements."
(Investopedia)
"A day trader is a type of trader who executes a relatively large volume of short and long trades to capitalize on intraday market price action. The goal is to profit from very short-term price movements."
(Investopedia)
What Is Swing Trading?
"Swing trading is a style of trading that attempts to capture short- to medium-term gains in a stock (or any financial instrument) over a period of a few days to several weeks."
(Investopedia)
"Swing trading is a style of trading that attempts to capture short- to medium-term gains in a stock (or any financial instrument) over a period of a few days to several weeks."
(Investopedia)
What Is a Position Trader?
"A position trader buys an investment for the long term in the expectation that it will appreciate in value. This type of trader is less concerned with short-term fluctuations in price (...)"
(Investopedia)
"A position trader buys an investment for the long term in the expectation that it will appreciate in value. This type of trader is less concerned with short-term fluctuations in price (...)"
(Investopedia)
"I won't be easily defined!"
It is possible to be a mixture of the above. Be sure to have different trading bags. This could mean a difference in strategy and riskmanagement as well.
It is possible to be a mixture of the above. Be sure to have different trading bags. This could mean a difference in strategy and riskmanagement as well.
"What to learn?"
Learn about what moves prices and how to spot them on the chart. I would read on:
1. Supply and demand
2. Liquidity gaps
An example of how to spot supply and demand zones easily: 👇
Learn about what moves prices and how to spot them on the chart. I would read on:
1. Supply and demand
2. Liquidity gaps
An example of how to spot supply and demand zones easily: 👇
(I have not made a thread on liquidity gaps, but there are tons of videos on youtube. I recommend 'The Inner Circle Trader'.
When price moves it forms a structure. This is what we call Market Structure.
An detailed explanation on this: 👇
An detailed explanation on this: 👇
Sources used primarily for this thread:
-Investopedia
-YouTube vids
-Reading Books
-My own experience
Most importantly is to keep charting and experimenting. You can also do this with playing money: 👇
-Investopedia
-YouTube vids
-Reading Books
-My own experience
Most importantly is to keep charting and experimenting. You can also do this with playing money: 👇
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