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This week's content (May 6th) What is Technical Analysis?
Hey everyone. We have moved on to our next phase of our "learning journey"! This month we start to cover Technical Analysis. The first module is up and it covers what technical analysis is, and the difference between technical and fundamental analysis. You can access the module here. Couple points: TA is a big big topic. I don't plan to master it in 2 months studying a bit through the week and the weekends. But I do plan on getting a good introduction to the main components. TA seems to be something that traders constantly improve and learn more about, and once we start paper trading things will sink in even more. So again just keeping some realistic expectations. Also, I didn't mean to mention that the news does not affect the price of a stock (it might have come off that way a bit in the podcast I think). I wanted to point out that the pure form of TA seems to say that price action discounts everything - the chart is all you need. I did some more digging and found this from the WIKI (created by the RealDayTrading reddit group). Bottom of page 243 from the WIKI is the start of the post about "Should News Influence Your Trading". I highly recommend you read that section. You can download the WIKI here: https://www.reddit.com/r/RealDayTrading/comments/ze4zxe/the_damn_wiki_in_word_and_pdf_format/
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New comment 10d ago
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Welcome to the group - Start Here!
> Watch This Introduction Video Hello everyone, I'm Tyler Stokes and I'm excited to welcome you to our Day Trading for Beginners community on Skool. This community is designed for those of you who are at the beginning of your day trading journey and aspire to transition into full-time day trading. What This Community Offers: Classroom: This is where I'll be sharing everything I'm learning on my journey to become a full-time day trader. Eventually there will be courses covering all the steps required to become a full-time day trader. Find all the free courses in the Classroom here. Community Section: Engage in discussions, find accountability partners, and celebrate your wins. Every week I will be sharing what I have learned and I encourage you to do the same. It's a great place to keep yourself accountable and connect with other likeminded people. Join, Share, and Grow: As we're just getting started, the goal is to make this community incredibly useful for everyone who wants to take day trading seriously. Whether you're looking for an accountability partner, eager to share your journey with us, or just wanting to study privately, this platform is for you. Get Involved: Introduce yourself in the general discussion section, find an accountability partner, and actively participate in building this community. Your involvement can help shape this into a special place for beginners eager to become full-time day traders. Thank you for joining. Let's make this community a remarkable resource for all aspiring day traders. Access the wiki from the RealDayTrading reddit group here. Subscribe on YouTube Listen to the Podcast
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New comment 2d ago
Beginner
Hello, I am very much a beginner in day trading but I am determined to learn! I do need some advice though on the order in which to continue my studying. I have listened to all of the podcast and watched all the videos with it and took notes. Now I am trying to figure out which books and other videos or podcasts to listen to continue. I bought “How to Make Money in Stocks” by William o’Neil and started reading it and realized I might not be quite ready for that yet. I also started reading some of Wiki on RealDayTrading because that is the method I eventually want to learn. What order do you recommend going in? What should I be reading or listening to in between when new podcasts come out?
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First Time and Very Excited
I’m really excited to be a part of this community. I want to learn all that I can about the market and trading so that I can day-trade with discipline and consistency and create financial growth for myself and family. I am starting from zero and learning along. I’d love to connect with others in the same boat.
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Iman Resources
Does Iman have pdf files or PowerPoint slides that correspond with his videos? All the information is so useful but very dense and I’d love an easier way to call back to it than scrubbing through a video.
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New comment 18h ago
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