This thread will consist of 6 levels
Level 1: Brand new, doesnât know how to read a chart at all
Level 2: Knows some basic stuff, like âbuy low sell highâ
Level 3: Can read a chart pretty well, understands why stocks bounce, usually tries to use 100 indicators on their charts
Level 4: You can look at a chart and immediately know where S/R and S/D is in less than a minute, you notice patterns right away, and you are very comfortable at knowing when to take a play
MAY be profitable but maybe from lucky on a few trades such as AMC or GME
Level 5: You know options, how to play options, the difference between penny stocks/large caps, the risk of shares versus options, can read a chart VERY quick and easy, but still somehow lose money or arenât profitable
Before I begin, I just want to let you guys know that if you want to learn stocks charts and stocks and become profitable, you HAVE to be motivated. If you donât have the DRIVE and DEDICATION you wonât get very far. It wonât come easy and it takes work.
I am putting these study materials in one place for you guys to make it easier, but when I started I was motivated enough to find these all my self because I was motivated to do anything I could to learn, and if you ARE motivated, I guarantee you will find
wherever your motivation sends you, whatever that may be such as youtube videos, podcasts, or whatever but you WILL find more material to study from if you are motivated.
Taking notes along the way is EXTRA powerful but not required. Makes learning speedy
Alright, letâs begin.
đ¨LEVEL 1:đ¨ So I work as a dishwasher at a restaurant (not right now because of soccer), and in June when I first started to get serious about wanting to learn how to trade, I found a SUPER easy and beginning guides podcast about stock market fundamentals and every single shift
I would always listen to as many episodes as I could (depended on how long my shift was). Itâs super basic and it explains the basic concepts VERY well, and itâs your best option if youâre busy during the day at work, and if you canât listen to it at work, listen to it in the car
rides TO and FROM work. If you know nothing, but you have a busy life, I PROMISE you this will help.
There is two options for this, if you have a day job and donât have time for watching YouTube, it would be best to listen to this podcast on car rides/whenever you have time
If you do have time, and want to SEE what this guy is talking about, he has the same exact episodes on YouTube but in the form of powerpoints and some of the concepts he talks about make MUCH more sense if you watch the YouTube episodes. I personally listened to the podcasts.
Lastly, some of the episodes you listen to like âcomparing financial sheets of different companiesâ is more for investors who are looking long term, which I have never used, and you will find you never use some of this stuff, but being aware of these concepts
help SO much and give you extra important knowledge. And the episodes are not long at all they are all about 10 minutes so itâs quick, simple, and useful if you are brand new. He does a very good job at explaining everything and it will truly help you newbies
Podcast Link:
https://t.co/5mO3516LSk YouTube (Go to the first video he ever posted called âHistory of the Stock Marketâ and start from there):
https://t.co/k656V3sGfI
Iâm gonna say this one more time, if you ONLY listen to the podcast and you donât understand something, either look up that topic on YouTube when you have time and watch general videos of it (under 10 min) OR go to his YouTube and watch what he is talking about
This is really the only thing you need, and the only thing I needed for a boost start in my stock market knowledge, especially if you listen to every podcast episode and watch some videos after for a better understanding. It should take about 1-4 weeks to get through all that
and by the time you are done, you will feel MUCH more comfortable and will probably be able to understand more stock language from twitter you donât already understand. The market is NOT going anywhere without you so who cares how long it takes.
Make sure to bookmark this thread so when you are done, you can come back and move on to the next level.
Watching and listening to these podcasts is also very important because if you are motivated, you will hear him talk about a topic and say he mentions stuff about âsupport and resistanceâ and then you might think to yourself âi wanna know more about thisâ so you
go to YouTube and you type in âhow to use support and resistanceâ on YouTube and you will find TONS of videos and can watch until you have mastered support and resistance. You can also do the same for any other concept he talks about.
OTHER VIDEOS U NEED TO WATCH BEFORE MOVING TO LEVEL 2:
What a stop loss is and why you should use one as a beginner:
https://t.co/wz1gsE6ufH Basically as a beginner, you want to win, but your number 1 goal is protecting you capital, so how do you do this?
Well, itâs up to you what you are willing to risk, but you should have a rule where you ALWAYS put a stop loss or SELL if your trade is -10% red or higher, it can be any number you are willing to risk, it doesnât have to be 10, but that way, you can save your money
that you may have kept losing and move on to a better trade. I say âalwaysâ for beginners, but this isnât for everyone. Some good traders donât use stop losses and usually read the chart instead of setting the same stop loss everytime, but as a beginner, please use stop losses.
Im not going to teach you everything, and some things you will learn along the way of all these videos, are things like âmarket capâ and âfloatâ and what they mean/how they impact the stock. View this channel and click âview by most popularâfor more terms
https://t.co/uhsYeWSd9g