PebHmong Discussion Forum
Life & Living => Money & Investment => Topic started by: Cali Guy on October 22, 2021, 10:44:01 AM
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This is a basic guide for stock trading. Understanding the topics below are useful for any type of trading or investment. Thinkorswim is considered a good general platform to use for beginner traders, but you are not limited to it. Just make sure you enable real time data. Here is a video about enabling real-time data https://youtu.be/ASNPoq4L_AQ. (https://youtu.be/ASNPoq4L_AQ.) You can message support within the thinkorswim platform if you don’t have real time data in the platform or come across any other issues. Use paper trading and the on demand feature to learn and practice before using any real money.
Note for Those That Are Considering Day Trading
Day trading will be one of the most difficult things you will ever do, but will be very rewarding once you attain the skillset. Most will say that 95% of day traders fail. You are going against yourself and the best in the world. You will lose and you will need to learn to lose. With that in mind, spend the time to learn and put in the screen time to get the experience. YOU HAVE TO COMMIT TO THIS, OTHERWISE YOU WILL FAIL. RISK MANAGEMENT AND CONSISTENCY IS THE KEY FOR SUCCESS.
You need to avoid trading like the following popular people and those like them, especially if you are new. They have some good informational videos and make a lot of money, but they tend to trade penny stocks and low float stocks, which are easy for them to manipulate.
Timothy Sykes
Ross Cameron
Steven Dux
Basic/Useful Information
Watch this before you start to trade https://youtu.be/pgpac3472JY (https://youtu.be/pgpac3472JY)
How the stock market moves https://youtu.be/Y0jP5QBlL5w (https://youtu.be/Y0jP5QBlL5w)
What are pre-market and post-market hours? https://youtu.be/TVyJG2ZnpWE (https://youtu.be/TVyJG2ZnpWE)
Stock trading lingo https://youtu.be/O2QOz8igtpQ (https://youtu.be/O2QOz8igtpQ) https://youtu.be/KqlZkotuh0k (https://youtu.be/KqlZkotuh0k)
What are the differences between cash and margin accounts? https://www.youtube.com/watch?v=_Ta6cSTaRZw (https://www.youtube.com/watch?v=_Ta6cSTaRZw)
What is float and why does it matter? https://youtu.be/mbUqLPlPqBg (https://youtu.be/mbUqLPlPqBg)
Common types of stock order types https://youtu.be/QYjB43EqraQ (https://youtu.be/QYjB43EqraQ)
What is a circuit breaker halt? https://youtu.be/Kh4Vcs4RpCU (https://youtu.be/Kh4Vcs4RpCU)
What is Short Selling Restriction (SSR)? https://www.youtube.com/watch?v=NBPv1Et5Agc (https://www.youtube.com/watch?v=NBPv1Et5Agc)
What is stock delisting? https://youtu.be/sT9od3xVKYY (https://youtu.be/sT9od3xVKYY)
Risk management https://youtu.be/1z8_qGvO144 (https://youtu.be/1z8_qGvO144)
What is smart money? https://youtu.be/4Oe-7ofZclc (https://youtu.be/4Oe-7ofZclc)
Market manipulation https://youtu.be/clB8yfVna64 (https://youtu.be/clB8yfVna64)
What is a pump and dump? https://youtu.be/mFEf5WwR5ZU (https://youtu.be/mFEf5WwR5ZU)
What are dark pools? You want to understand this because about 35% of trades happen in the dark pools. https://youtu.be/0a16ubeWJvE (https://youtu.be/0a16ubeWJvE)
The biggest problem for day traders https://youtu.be/rvOz7XFjMtQ (https://youtu.be/rvOz7XFjMtQ)
Mastering the skill of taking a loss https://youtu.be/YIr4OB9cK1o (https://youtu.be/YIr4OB9cK1o)
How goals help traders profit https://youtu.be/pS8eG0Dilxw (https://youtu.be/pS8eG0Dilxw)
Keys to becoming a better trader https://youtu.be/lgTj6kKos4o (https://youtu.be/lgTj6kKos4o)
Day trading psychology https://youtu.be/QM_gV4ahhUM (https://youtu.be/QM_gV4ahhUM)
Psychological mistakes of traders https://www.youtube.com/watch?v=u4k96uMx3dU (https://www.youtube.com/watch?v=u4k96uMx3dU)
How to predict what the stock market is going to do https://youtu.be/unLub2LYJyc (https://youtu.be/unLub2LYJyc)
Everything you need to know to profit from trading the news https://youtu.be/B7RfhK_lXL4 (https://youtu.be/B7RfhK_lXL4)
Trading Platform
Open an account with a broker https://www.tdameritrade.com/ (https://www.tdameritrade.com/)
Download trading platform https://www.tdameritrade.com/tools-and-platforms/thinkorswim/download-thinkorswim-desktop.page (https://www.tdameritrade.com/tools-and-platforms/thinkorswim/download-thinkorswim-desktop.page)
Enable thinkorswim platform settings https://youtu.be/Gzt6mM3Iuyo (https://youtu.be/Gzt6mM3Iuyo)
Basic setup https://youtu.be/Hjn40uLaewQ (https://youtu.be/Hjn40uLaewQ)
Indicator setup https://youtu.be/ipHPp5SEosE (https://youtu.be/ipHPp5SEosE)
Basic stock order types https://youtu.be/9lMHnK9eqQw (https://youtu.be/9lMHnK9eqQw)
Scanning for stocks https://youtu.be/AJnISPfuOdA (https://youtu.be/AJnISPfuOdA)
Charts
Chart timeframes https://www.youtube.com/watch?v=BSyNbCPLQ5I (https://www.youtube.com/watch?v=BSyNbCPLQ5I)
Candlestick formation https://youtu.be/oIHJuRn-zy8 (https://youtu.be/oIHJuRn-zy8)
Candlestick retracement and penetration https://youtu.be/13SWXqtSRX0 (https://youtu.be/13SWXqtSRX0)
Volume and liquidity https://youtu.be/DxF-q2fCykA (https://youtu.be/DxF-q2fCykA) https://www.youtube.com/watch?v=QYo8m9o6N_g (https://www.youtube.com/watch?v=QYo8m9o6N_g)
Use multiple chart timeframes https://youtu.be/Dnh1uya1QAg (https://youtu.be/Dnh1uya1QAg)
More charting tips https://youtu.be/RJ8wXrzPmrs (https://youtu.be/RJ8wXrzPmrs)
Support and resistance https://youtu.be/k4PIea7hTZI (https://youtu.be/k4PIea7hTZI) https://youtu.be/stZ5PmTo4rE (https://youtu.be/stZ5PmTo4rE)
Support and resistance how to tell if it will break https://youtu.be/K5dnTdg7Lz8 (https://youtu.be/K5dnTdg7Lz8)
Properly identify breakouts https://youtu.be/n_qgPGPTBEE (https://youtu.be/n_qgPGPTBEE)
Trading reversals, pivots and volume https://youtu.be/dzLdPCJDius (https://youtu.be/dzLdPCJDius)
Patterns https://youtu.be/o6hZma0bajE (https://youtu.be/o6hZma0bajE)
How to draw supply and demand zones https://youtu.be/xJJa0NuqsA8 (https://youtu.be/xJJa0NuqsA8)
Level 2 and Time and Sales https://youtu.be/Rn5rMtwI81w (https://youtu.be/Rn5rMtwI81w)
Basic Indicators
These are some basic indicators I found helpful in getting me started. You can update your strategies once you get more experience and find which indicator is useful or not useful to you based on the way you trade.
VWAP https://www.youtube.com/watch?v=5VUa6jAJpwk (https://www.youtube.com/watch?v=5VUa6jAJpwk)
EMA and SMA https://www.youtube.com/watch?v=09c1giawo4g (https://www.youtube.com/watch?v=09c1giawo4g) https://youtu.be/FNHfQOjk1CI (https://youtu.be/FNHfQOjk1CI)
RSI https://www.youtube.com/watch?v=C6z4Ntf4Yos (https://www.youtube.com/watch?v=C6z4Ntf4Yos)
Divergence https://www.youtube.com/watch?v=BBJQ8-lGlbE (https://www.youtube.com/watch?v=BBJQ8-lGlbE)
MACD https://youtu.be/eob4wv2v--k (https://youtu.be/eob4wv2v--k)
Useful Tools (do not buy or sell solely based on any of these tools)
I’m personally subscribed to BlackBoxStocks, BookMap and FinViz.
https://blackboxstocks.com (https://blackboxstocks.com) ($100 a month) Useful to quickly see time and sales and level 2 sentiment through a visual indicator, see stock and options alerts, aggregated option flows and dark pool orders. This helps you see where smart money is moving, which will move the stock prices. The service also includes a discord channel for mentor alerts, listening on mentors talk as they buy and sell, help from mentors and others and the news stream from thefly.com. This is my favorite tool used for options flow.
https://finviz.com (https://finviz.com) ($40 a month) Useful for seeing the overall market in a heat map. Real time if you pay for the elite version. Useful for screening and identifying trending stocks and stocks in certain patterns and news that may move the market. I like using this to see institution holding and short float percentage and as a scanner for stocks in certain patterns.
https://bookmap.com/ (https://bookmap.com/) ($40-$80 software + $50-$100+ data feed a month) I primarily use this to visualize level 2. You can also get it through thinkorswim for $40 a month and it’ll use the data feed within it. It's the same data feed you get from paying the extra fee with the standalone software. The thinkorswim version doesn’t seem to contain all the features when compared to the standalone, but it's enough for me.
https://www.marketwatch.com/economy-politics/calendar (https://www.marketwatch.com/economy-politics/calendar) and https://us.econoday.com/byweek.asp?cust=us (https://us.econoday.com/byweek.asp?cust=us) and https://www.federalreserve.gov/newsevents/calendar.htm (https://www.federalreserve.gov/newsevents/calendar.htm) are useful economic calendars that can show scheduled events that may move the market
https://www.earningswhispers.com (https://www.earningswhispers.com) Useful for seeing the earnings calendar
https://www.tipranks.com (https://www.tipranks.com) Useful for comparing price targets from the “experts”.
https://stocktwits.com (https://stocktwits.com) Useful for seeing trending stocks and sharing information. DON’T trade based on the “hot tips” here.
https://www.tradingview.com (https://www.tradingview.com) Useful for making quick charts, reviewing/sharing charts, basic company financials and news. Some people also use it as their primary charts.
Short Sale Circuit Breaker lists NASDAQ https://nasdaqtrader.com/trader.aspx?id=ShortSaleCircuitBreaker (https://nasdaqtrader.com/trader.aspx?id=ShortSaleCircuitBreaker) NSYE ftp://ftp.nyxdata.com/NYSEGroupSSRCircuitBreakers/ (http://ftp://ftp.nyxdata.com/NYSEGroupSSRCircuitBreakers/)
Recommended Stock Market Related YouTube Channels
Financial Education and Investments
Tom Nash - https://www.youtube.com/c/TomNashTV (https://www.youtube.com/c/TomNashTV)
Stock Moe - https://www.youtube.com/c/StockMoe (https://www.youtube.com/c/StockMoe)
Let's Talk Money - https://www.youtube.com/c/LetsTalkMoneywithJosephHogueCFA (https://www.youtube.com/c/LetsTalkMoneywithJosephHogueCFA)
Jeremy Lefebvre - https://www.youtube.com/c/FinancialEducation (https://www.youtube.com/c/FinancialEducation) https://www.youtube.com/c/FinancialEducation2 (https://www.youtube.com/c/FinancialEducation2) https://www.youtube.com/channel/UC_xMKlHYdRNXLX9XzuOLjsg (https://www.youtube.com/channel/UC_xMKlHYdRNXLX9XzuOLjsg)
AK Fallible - https://www.youtube.com/c/Fallible (https://www.youtube.com/c/Fallible)
Trader University - https://www.youtube.com/c/TraderUniversity (https://www.youtube.com/c/TraderUniversity)
Meet Kevin - Helps understand how political jargon may affect the market https://www.youtube.com/c/MeetKevin (https://www.youtube.com/c/MeetKevin)
Peter Schiff - Economist/financial commentator https://www.youtube.com/c/peterschiff (https://www.youtube.com/c/peterschiff)
Ark Invest (Cathie Wood) - CEO of investment management firm https://www.youtube.com/c/Arkinvest2015 (https://www.youtube.com/c/Arkinvest2015)
Ray Dalio - Hedge fund manager of one of the largest hedge funds https://www.youtube.com/c/principlesbyraydalio (https://www.youtube.com/c/principlesbyraydalio)
Mark Moss - Investor/Entrepreneur https://www.youtube.com/c/MarkMoss (https://www.youtube.com/c/MarkMoss)
Trading and Technical Analysis
Live Traders - https://www.youtube.com/c/LivetradersNet (https://www.youtube.com/c/LivetradersNet)
Rayner Teo - https://www.youtube.com/user/tradingwithrayner (https://www.youtube.com/user/tradingwithrayner)
Market Reviews and Preparation
StockedUp - https://www.youtube.com/c/StockedUpMikeDAntonio (https://www.youtube.com/c/StockedUpMikeDAntonio)
Trading Fraternity - https://www.youtube.com/c/Thetradingfraternity (https://www.youtube.com/c/Thetradingfraternity)
Right Way Options - https://www.youtube.com/c/RightWayOptions (https://www.youtube.com/c/RightWayOptions)
Supply and Demand Analysis
Carmine Rosato - https://www.youtube.com/channel/UC9KV4pshtiKoQF_IanKiT_w (https://www.youtube.com/channel/UC9KV4pshtiKoQF_IanKiT_w)
AFX - https://www.youtube.com/c/ATLASFX (https://www.youtube.com/c/ATLASFX)
Other Stock Market Related YouTube Channels
Various Financial Education, Investment and Trading Tips, Stock Market Thoughts
J Bravo - https://www.youtube.com/c/BillStenzel (https://www.youtube.com/c/BillStenzel)
ZipTrader - https://www.youtube.com/c/ZipTrader (https://www.youtube.com/c/ZipTrader)
Blaze Capital - https://www.youtube.com/c/blazecapital (https://www.youtube.com/c/blazecapital)
ClayTrader - https://www.youtube.com/c/Claytrader (https://www.youtube.com/c/Claytrader)
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Admin, moderators, sticky this. Thanks.
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All these people are troll
For F sake man...
MEET KEVIN HAIR IS GREEN TROLL
Financial Education and Investments
Tom Nash - https://www.youtube.com/c/TomNashTV (https://www.youtube.com/c/TomNashTV)
Stock Moe - https://www.youtube.com/c/StockMoe (https://www.youtube.com/c/StockMoe)
Let's Talk Money - https://www.youtube.com/c/LetsTalkMoneywithJosephHogueCFA (https://www.youtube.com/c/LetsTalkMoneywithJosephHogueCFA)
Jeremy Lefebvre - https://www.youtube.com/c/FinancialEducation (https://www.youtube.com/c/FinancialEducation) https://www.youtube.com/c/FinancialEducation2 (https://www.youtube.com/c/FinancialEducation2) https://www.youtube.com/channel/UC_xMKlHYdRNXLX9XzuOLjsg (https://www.youtube.com/channel/UC_xMKlHYdRNXLX9XzuOLjsg)
AK Fallible - https://www.youtube.com/c/Fallible (https://www.youtube.com/c/Fallible)
Trader University - https://www.youtube.com/c/TraderUniversity (https://www.youtube.com/c/TraderUniversity)
Meet Kevin - Helps understand how political jargon may affect the market https://www.youtube.com/c/MeetKevin (https://www.youtube.com/c/MeetKevin)
Peter Schiff - Economist/financial commentator https://www.youtube.com/c/peterschiff (https://www.youtube.com/c/peterschiff)
Ark Invest (Cathie Wood) - CEO of investment management firm https://www.youtube.com/c/Arkinvest2015 (https://www.youtube.com/c/Arkinvest2015)
Ray Dalio - Hedge fund manager of one of the largest hedge funds https://www.youtube.com/c/principlesbyraydalio (https://www.youtube.com/c/principlesbyraydalio)
Mark Moss - Investor/Entrepreneur https://www.youtube.com/c/MarkMoss (https://www.youtube.com/c/MarkMoss)
Trading and Technical Analysis
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Admin, moderators, erase all comments and sticky this. Thank you.
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This is a basic guide for stock trading.
Nice! O0
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I didn't even know this exists. ;D Here is the link to the document, which I update once in a while. I usually just give new people this link when they ask me about the stock market. Most of the time I never hear back, which is probably for the best for their sake. https://bit.ly/3mHyCrE
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Be careful with those YouTuber influencers
They pump n dump
Unsticky this dumb post
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Be careful with those YouTuber influencers
They pump n dump
Unsticky this dumb post
;D ;D
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Be careful with those YouTuber influencers
They pump n dump
Unsticky this dumb post
Not any where near as "dumb" as this:
"cringe as hell"...
(https://i.imgur.com/NKbjJfF.png)
dude
you gotta invest in the stock market index ...
:idiot2: :idiot2: :idiot2: ;D