Day trader noob - Grittani/Dux

C

crispycat

Hi everyone, I'm studying material from Tim Grittani and Steven Dux, and I'd like to connect with other people who are at a similar place in their journey.

Or, if you know of some free chat rooms (seems that all the chat rooms are expensive), could you recommend something for me?

Is ET a good place to find other day traders who are using this type of approach?

The "Trader Evaluation & Funding" section seemed exciting, but seems to be only for futures and forex. Is there something like this for stock day traders focusing on micro/small cap and penny stocks?
 
Dux shorts penny stocks that gap up. Soon as u learn his method you’ll be competing against him for locates and fills bc his strategy doesn’t produce many trades over the course of a month. He just trades huge size. Stay Away
 
We all started somewhere. It's a good thing you're not afraid to look for help.
You can't do without losses and mistakes at all. But you can get rid of some of them.
Here are a few steps, which DON'T need to be taken by beginners:
-Rush with real trading. There is no need to hurry and invest your money in trading immediately. If a broker provides a demo account, you need to work with it not for a day or two, but for a month or even more.
-Go to Forex. The Internet is full of ads from forex brokers and forex traders, which promise golden mountains. Meanwhile, Forex is one of the most difficult markets and a beginner there will have a very hard time. It's better to start with stocks and bonds.
-Start with position trading. Beginners should start with short-term trading - scalping etc. It isn't easy, but here you can limit yourself to technical analysis.
-Stop learning. You should always learn. Not only for beginners, but also for experienced traders.
-Become gamble. Experienced traders recommend creating rules of trading and behavior for themselves. This is especially important when a trader begins to lose and the excitement covers him - you need to get back. There should be a limit for the lose. Two or three deals have been closed in minus - that's all, the trades are over for today. And in general, there should be a limit on transactions.
The way of a trader is not easy, but very fascinating. Any beginner will soon become a master and will be able to give advice himself.
 
Thanks everyone for the input. Ultimately I decided to join Ross Cameron's Pro program. I had considered Steven's program but I have reservations about his teaching approach, while Ross seems to have a somewhat similar style, with comparable results as of 2020, but he's been teaching longer and I feel confident with his teaching methods. I will probably take one of Steven's courses later if I can first get success with Ross's methods.
 
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