Starting to follow investing more since the GME saga. Basically I’m looking for any help on what I can read to learn the basics of day trading. Anything you can offer would help, obv following the 10 yr treasury yield is 1 of them.
first thing you need to do is learn basic technical chart analysis.
Focus first on learning how to read candlestick charts and simple moving averages.
There are a shitload of indicators and things are cool to know, but learning how to read candlesticks and simple moving averages is like learning basic sentence structure.
Go on youtube and just start researching those topics and learn at your own pace. Don't get sidetracked though, start with getting the basics of candlesticks and moving averages.
From there focus on studying the DAILY CHART and Weekly time frame of the S&P 500 and the Nasdaq. You can do this for free at Investing.com.
Indexes are a lot better of a learning tool because they are not just one company and they give you a much better feel for understanding the markets.
Go back and study the last 30 years of moves particularly the period of the late 90's early 2000's tech bubble and the 2008 housing bubble and crash.
If you spend a few months just analyzing those charts and uncovering patterns you will be more informed about the markets than 95% of this country.
When you hear the shit the comes out of the mouths of the financial media on a daily basis after learning how to read market data you will never be able to take seriously any news publication or pundit again.
This is exactly what I’m looking for. And watching the financial media call retail traders terrorists for pumping GME was all I needed to see to know they were cut from the same cloth as the news media lol
Check out Kitco news on youtube. Kitco is a company that focuses on gold and precious metals but they have a youtube channel that is pretty good because they interview a lot of money managers and analysts that don't simply repeat the talking points from the mainstream press.
gladly show some tricks but read through those prior posts, a lot of it will make sense. I repeat the same points in different ways.
Starting to follow investing more since the GME saga. Basically I’m looking for any help on what I can read to learn the basics of day trading. Anything you can offer would help, obv following the 10 yr treasury yield is 1 of them.
first thing you need to do is learn basic technical chart analysis.
Focus first on learning how to read candlestick charts and simple moving averages.
There are a shitload of indicators and things are cool to know, but learning how to read candlesticks and simple moving averages is like learning basic sentence structure.
Go on youtube and just start researching those topics and learn at your own pace. Don't get sidetracked though, start with getting the basics of candlesticks and moving averages.
From there focus on studying the DAILY CHART and Weekly time frame of the S&P 500 and the Nasdaq. You can do this for free at Investing.com.
Indexes are a lot better of a learning tool because they are not just one company and they give you a much better feel for understanding the markets.
Go back and study the last 30 years of moves particularly the period of the late 90's early 2000's tech bubble and the 2008 housing bubble and crash.
If you spend a few months just analyzing those charts and uncovering patterns you will be more informed about the markets than 95% of this country.
When you hear the shit the comes out of the mouths of the financial media on a daily basis after learning how to read market data you will never be able to take seriously any news publication or pundit again.
This is exactly what I’m looking for. And watching the financial media call retail traders terrorists for pumping GME was all I needed to see to know they were cut from the same cloth as the news media lol
Check out Kitco news on youtube. Kitco is a company that focuses on gold and precious metals but they have a youtube channel that is pretty good because they interview a lot of money managers and analysts that don't simply repeat the talking points from the mainstream press.