4 ms·

I've been exploring day trading recently and have not yet found the angle that works for me and also fits my lifestyle/budget. It's hard to find reliable source

by dplgk 5y ago

I've been exploring day trading recently and have not yet found the angle that works for me and also fits my lifestyle/budget. It's hard to find reliable sources of education on the topic because it seems like so many materials are teaching hindsight technical analysis that looks good on paper but is really just BS to sell a e-book or Discord subscription. I'm still exploring what time frames I want to trade and if I should go with option strategies or stock scalping. Do you have any advice for learning materials?

nigerian1981 5y ago
That’s because it’s a fancy word for gambling
hutrdvnj 5y ago
The best way of day trading is to exploit a market inefficiency that nobody (or very few) are aware of. As soon as this inefficiency is know to public it will disappear, that's why there is not much sensible material for day trading to learn from, maybe except for the psychological aspect, which is very important. Try to find a system that works for you and be quiet about it. Unfortunately, 95%< of day traders didn't find a system that works and quit after some time.
pid-1 5y ago
The best way to learn trading is to work for an investment bank / hedge fund and learn from folks who already do that successfully. Anything else is likely BS.
telcal 5y ago
For about a year I've been watching a guy on Twitch (in the background while working my real job) who day trades everyday. I thought TA was BS but I was wrong. I've learned a ton from just watching/listening and after paper trading for 8 months I'm now comfortable using real money. You're right though almost everything out there is BS selling a book/newsletter/chat room. (Twitch streamer = StockJock)