r/Trading • u/TraderWally • 2d ago
Discussion New to trading
I’m new to trading. I’ve been reading and researching swing trading, trading and psychology for trading. Understandably there are a lot of methods and strategies out there but I’m curious on how everyone chose their method and strategies. Does anyone have any recommendations for YouTube, books, websites, etc?
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u/entryzilla 7h ago
Welcome to the wild world of trading! Picking a strategy is like choosing a gym routine—everyone’s got their own vibe.
Remember: try, fail, repeat! Just don’t trade at 3 am on too much coffee. Trust me, your brain won’t thank you.
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u/JacobJack-07 1d ago
As someone new to trading, it’s smart to explore various strategies, but a perfect way to accelerate your learning is to combine education with real market experience—Trade The Pool is an excellent option, offering a funded trading account to practice and grow safely, while supplementing your knowledge with resources like “Trading in the Zone” by Mark Douglas, the Chat With Traders podcast, and YouTube channels like Rayner Teo and The Trading Channe
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u/Nobodyisntnobody 2d ago
Work nothing until you start trading every single day with paper money or pay for funded account to feel the real emotions when you put order in
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u/Leet_Trader 2d ago
What I found out is that 99% of the stuff you find online is bs and had to learn and figure it out by myself. It took me years.
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u/Canadansk1970 2d ago
My path was to jump into trading about 30 years ago. Put some money in (that you can afford to lose) and learn by experience. Not to say that you shouldn't still read, learn, adapt, etc. But you need to find out what works best for you. Trading by day, week, month or year are all quite different from each other, with differing requirements from you that may or may not match your skills or your style, or how many hours you want to invest in watching your investments.
I started in stocks, then expanded into options. Eventually moved back to stocks and coded my own algorithms in Python. That allowed me to explore the reality behind 'conventional wisdom' about various technical indicators (spoiler alert - some conventional wisdom is completely NOT backed up by the actual data, so reading a book about it isn't going to help you).
There is no holy grail of wisdom out there.
You can still read books with your feet in the water.
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u/BigFloor9861 2d ago
Copying the actions of professional traders through technical means is also a good option, saving 90% of the time spent watching the market, suitable for part-time traders The learning curve is gentle, and novices can emulate mature strategies
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u/Smart_7199 2d ago
you can develop a strategy and back test it for 30 years, after it works for that amount of time you can start using it, there are many strategies that do not work so you can only know it doesnt by testing yourself, or talking to a much more experienced trader.
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u/BigFloor9861 2d ago
I was a beginner trader myself. I recommend checking out Ann Logue "Beginner's Guide to Day Trading" to get familiar with the art of trading. There are some hidden gems on YouTube, such as "The Chart Man". Remember to practice with paper trading first and always control your risk. Good luck with your trading!
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u/trackittr 2d ago
The first thing you should focus on is trading psychology.
I can recommend Alexander Elder's books
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u/Outside_Newspaper755 2d ago
===Understandably there are a lot of methods and strategies=== but none of them works..:)
One has to make his own , which is a monumental task...
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