Hi,
Any recomendation for day trading stocks?
Thanks
Any recomendation for day trading stocks?
Thanks
Best day trading books for stocks?
- Thread starter Evermore2017
- Start date
What have you done so far to learn about day trading stocks?
My suggestion is get into some easy to use trading software and learn to code.
Coding and testing will lead down the path of understanding how markets in general operate.
There's a huge amount of randomness and luck involved with markets and trading.
Some say there is no randomness, well there is. The whole world of evolution works on order and randomness.
Creation, evolution, order, randomness.
And that's how your brain should operate, not copy catting someone's book on trading.
Coding along with trading will get you where you never dreamed.
Learn to understand the factors that move the market and of each how much under what circumstances. Read on those first. For many factors you as a retailer will lack the acces to the required data or you will just have portions of the data cake, but not for all of them.
And also there is like Mickey sad a randomness factor of how much of an impact each factor has. Studying will bring you to the point where your capital won vs lost ratio improves above 50%. That's what trading is about.
And also there is like Mickey sad a randomness factor of how much of an impact each factor has. Studying will bring you to the point where your capital won vs lost ratio improves above 50%. That's what trading is about.
This is not really a book, it is actually a "Study Guide to Market Profile”.
The CBOT published it in 1996, following a seminar. Unfortunately I never found any recording of it.
This is not specifically about day trading, but so many concepts are linked to market structure, that makes it a must.
Hopefully this first suggestion, no recommandation of course, will be followed by others.
The CBOT published it in 1996, following a seminar. Unfortunately I never found any recording of it.
This is not specifically about day trading, but so many concepts are linked to market structure, that makes it a must.
Hopefully this first suggestion, no recommandation of course, will be followed by others.
Attachments
While you explore the topic here's something to anchor your thoughts.
What would you say belongs in a solid trading plan? 'What is your process?
https://elitetrader.com/et/threads/...solid-trading-plan.340340/page-4#post-5031706
Thank you for that, lol.
Yo fonzerelli why does your post start with "This is not really a book"
and proceed to "This is not specifically about day trading"
You funny mang.