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Day Trading for Beginners

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5 contributions to Day Trading for Beginners
Season 2 Premiere - It's Time to Learn a Strategy
Today marks the start of Season 2 of the podcast and I hope to upload an episode every week (no guarantees with my busy personal schedule ahead). As I posted a few weeks ago in the group, I've started to study a few trading strategies. However today the podcast started up again so wanted to share some links if you're interested: You can listen to the episode here: https://www.buzzsprout.com/2289984/15556893 The Classroom has a course now called Trading Strategy. I plan on uploading modules on my progress with learning various strategies. Overtime perhaps it will be a good resource which can highlight various strategies that beginners might want to pursue.
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New comment 2d ago
1 like • 16d
Looking forward to giving it a listen! Interested to see which strategies you’ve got lined up!
Algo Lines
Hey everyone hope you’re all okay. Reading through the wiki and been reading about algo lines, The trendlines that institutions follow. Hari talks about how to construct them. Has anyone had any experience trying this out? He says it’s a very high probability win if you construct them properly and says to do this if you have <$25,000. I think this is my next challenge in trading. Hoping there’s someone who’s tried this but does sound a bit niche!
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New comment Jul 29
Algo Lines
1 like • Jul 26
@Tyler Stokes will do! The idea behind them is pretty simple but the hard part is drawing them consistent to how institutions draw them. If they’re not the same you've just got a line on a chart
Wiki
Just read through a post on the real day trading wiki which seems really helpful. It’s called How To Trade the Open (/u/OptionStalker). First part tells you to begin trading 2 hours before the open and basically gives a checklist to get you sorted for the start of the day. Second part Pete goes through some price action on SPY M5 chart. If anyone likes having a process to work through then definitely recommend reading through this post on the wiki!
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New comment Jul 15
Wiki
Any trades made this week?
Hi guys. Anyone complete some trades this week? Wondering what your experience was like this week in the market
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New comment Jul 7
Any trades made this week?
1 like • Jul 7
@Jessica Wynands profit is profit 🤷‍♂️ so well done! What platform are you using? And im holding off trading until I have a bit more of a strategy in place. I’ve been reading through the realdaytrading wiki so I understand trading stocks against SPY that have relative strength/weakness and some of the different things to look out for buuut I’m gonna keep reading for a bit longer I think until it’s really set in 🙂. Was curious to see the different stages people are at in the community so thank you for replying!
0 likes • Jul 7
@Kieran Winestein the wiki is very long so well done getting through it! Looking forward to hearing about some of your future trades! IBKR does seem like a good platform to begin with, I’m working through the TWS tutorials IBKR offer. I do want to look at the optionstalker pro platform though that a lot of members from real day trading use as it has lots of cool features for the strategy. I don’t think I can justify paying for it with my current knowledge though! 😂
The Updated Blueprint is Ready
Hey everyone. My first 6 months are now complete and I had a chance to update the Blueprint. I just sent out an email with the new updated version and wanted to share it with the group as well. ​You can download the new version here. ​(The links in the PDF might not work when using Chrome. Download it to your computer or use a different browser.) ​ This updated Blueprint has links to all the content and resources I created and referenced in my first 6 months. I also give an update on how I personally progressed through this first phase, and what others can expect. ​TLDR - Review Some Stock Market Basics - Choose an Online Broker - Set Up a Paper Trading Account - Learn How to Buy and Sell Stocks (All Order Types) - Study Options (Optional) - Study Technical Analysis (Essential) Bottom line, this Blueprint should be used as a ROADMAP to starting your journey towards becoming a full-time day trader. Find useful links within this updated version. Again, links don't seem to be clickable when using Chrome. Thanks. All the best, Tyler
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New comment Jul 14
The Updated Blueprint is Ready
1 like • Jul 6
Very cool stuff
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Jay Currie
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11points to level up
@jay-currie-4076
Beginner trader reading through the wiki on realdaytrading. Watching oneoption videos to better learn price action

Active 17h ago
Joined May 14, 2024
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