How do you learn to trade?

The Emperor's Lounge
#1

Starting my trading journey. I have about 8 months to dedicate towards pure learning at 3 hours a day.

How do I invest my time? Which books have helped you develop a strategy?

3 Likes
#2

  • Ben Graham’s The intelligent investor - analyzing company financials for valuation

  • Buffet’s letters to shareholders - full of insight and trading wisdom

  • Flashboys - this book reveals how far the big boys are willing to go for arbitrage

  • The Turtle Traders - momentum traders

  • The Visual Investor - brilliant big picture thinking about investing with charts

  • Everything by Al Brooks - Want to look at any chart and understand the market structure with knowing anything about the asset being traded?

  • Then pick a risk management strategy and stick to it.

  • Have strong but weakly held opinions. Be willing to shed them in the face of new information or sentiment change in the market.

  • Good luck and be willing to pay your tuition to Mr. Market. He is a fickle friend to most, misunderstood by many. He is prone to irrational highs and lows. But as long as there are things to make and sell he will keep trucking along toward the next mountain top.

7 Likes
#3

Which subliminal? I’m thinking HOM and RICH Crypto.

1 Like
#4

I’m running Emperor HoM and RICH

#5

Appreciate your help Seneca

#6

Some trading platforms has a free views option, you don’t need to have an account, you can start from there. And they also has articles to learn to trade.

I would start with stocks in small amounts to give you the experienced what this about. Don’t immediately jump into a more riskier level - define and think your risk appetite. Learn about mutual funds, treasury bills, bonds, etc.

Forex is a bitcoin’s cousin, never invest on them if feel bad having just a little amount, it will wipe out your entire money.