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People ask me about getting into day trading. I've thought a lot about the answer.
I'd recommend these three concepts / ideas / subjects to learn and get it over with. It's boring, but necessary. It's not as boring after you learn it, but it's tough to grasp in the beginning.
- The Wyckoff Method
- Elliott Wave Theory
- A Complete Guide To Volume Price Analysis by Anna Coulling
BEFORE reading those three....
be sure to read "How to Day Trade for a Living" by Andrew Aziz! -
Still studying this stuff. Aspiring to be as proficient in this stuff as @JaradBBT 😂
i got lot's of years to go to be like @JaradBBT 🤣
Anyway, so..... you can use the Elliott Wave to confirm Wyckoff events. To make sure you're looking in the right place. It's like a confirmation.
That's it. They work together. It's best to learn both and use both concepts / theories with each other.
It really helped me to understand where we are at when looking at a new stock for the first time. To be able to tell where in the cycle we are and make decisions on how to proceed from there. It helps to figure out what phase we're in.
Also, it's not terribly hard to learn. It was a lot easier than i thought it would be. It's not overly complicated. a little bit, but mostly simple after you understand a few concepts. definitely not as hard as i had originally anticipated. i'm still finishing up learning about it, but i already have the main ideas and concepts figured out in my brain 🧠.
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I'm just beginning my journey into Day Trading. Been educating myself mostly via Youtube videos as well as Andrew's book. Looking for advice for getting started and find some people that I can bounce some ideas off of.
For my day job, I design Home Theaters.
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Hi all,
I just recently joined BBT and the info is overwhelming so far. Is this a good place to ask stupid questions? lol. Because at this time I have alot.