Learning how to trade in a day?

Discussion in 'Stock Market Education' started by Sugarhill, Oct 14, 2014.

  1. Flexin

    Flexin Member

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    I think it would teach the basics like some have said. I might be a quick crash course into trading. Maybe it might help someone understand some of the things they are reading as they are trying to learn. But I would find it hard to believe that in one day students could learn how to trade, learn how to properly research stocks, and be able to pick good stocks (all on their own) in one day. I just think there is way too much to learn and understand in one day.

    James
     
  2. owesem75

    owesem75 Well-Known Member

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    I believe day-trading can be easy to learn.. but difficult to do. There is a very high risk involved and you could either win big or lose big time. some will say that practice makes perfect.. but you have to expect that the market is changing all the time and it is difficult to predict despite the advancement in technical analysis.
     
  3. owesem75

    owesem75 Well-Known Member

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    I believe the www-dot-khanacademy-dot-com offers more lectures in the field of Stock Market investing. They have mini-lectures explaining the very basic of stocks, shares, dividends, and some other information related in equity investment. They may not cover all at this time, but I am sure contributors are adding more lessons.
     
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  4. Colebra

    Colebra Well-Known Member

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    Just gave reputation.
    Thanks dude. Will check that out for sure :)
    The thing about these is that if you really want to take advantage of them, you really have to pretend it's like college or something.
    I saw some of Coursera's stuff, and it's was a lot of material... So make sure you have the time to get it done.
     
  5. queenbellevue

    queenbellevue Well-Known Member

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    has anyone tried using the spark profits app to practice trading? It was recommended to me through a friend and I've been playing around with "trading" currencies and stocks. Pretty good app for a beginner I think
     
  6. Beautyspin

    Beautyspin Member

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    I have a feeling you have misunderstood the advertisement :). Maybe it just meant you will learn how to login to the website, buy and sell stocks, make some puts and calls and so on. Just the technical aspects. Maybe he does not mean that you will know how to do it profitably or like an expert.
     
  7. rjortec21

    rjortec21 Member

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    “BEING A TRADER”.
    Every trade is a risk, no one is exempted from losing. Reality bites, the ratio of losing a trade is 80/20. The chances are you will lose eventually. So why do will still trade? As traders we need to risk more in order to gain more, that’s how traders think. I have a friend who lost almost 3 Million pesos in his trades, that sucks. But he stopped whining and start recreating his methods, he started studying technical analysis and other methods toimprove his ways in trading. He even joined several Facebook groups just to find that perfect formula to win trades.
    In his journey he found the types of traders in the stock market: First is the intraday trader, they are day traders. Buying and selling shares of a stock within the day. This trader is prone to risk as they base their trade in momentum and the rule of supply and demand, the advantages of this trading style is that they find stocks that has a possible upside for that day and they ride it to profit. Exits when a possible downside is coming to prevent money loss, day traders defines there entry and exit points properly by using charts. If the trade is not working they exit quickly to prevent money loss then move on to other trades that has a high chance to profit. Day traders can capture a ceiling play of +50% upside, they can make millions or lose millions in just a day. One of the disadvantages of this method of trading is that it consumes your time, you need to monitor the price action to decide on what to do next, buy or sell? In every fluctuation, you need to spot who buys or sells on that stock? You also need to spot disclosures that will trigger investors/traders to buy more on that stock and you ride it. Lastly you need to check the previous price actions by reading charts (candlesticks) to see its current trend. Yes, day traders has a lot of work to do but it’s very rewarding.
    So finally he learned the way of being a day trader. In some cases, he wins his trades because he plans his trades. When he losses he learns from it and prevent that from happening again. His journey to win back the losses is still a work in progress, what he needs to do is to move forward and sustain learning the art of trading. Trading is like rolling a dice, but the risk is calculated. Do not be afraid to play it, if that trading set-up doesn't work, just find another one. Life moves forward, you should too. RISK ON!
     
    Last edited by a moderator: Jul 8, 2016
  8. Delta Trading u

    Delta Trading u Member

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    If your definition of "trade" is the action of pressing a (buy/sell) button on your computer then yes, you can learn that in a jiffy. Of on the other hand your definition of "trade" is thoughtful analysis, fundamental research, financial statements, technical mechanics, volatility structure, risk management at both the position and portfolio level then no, this cannot be learnt in a single day. Another caveat is the definition of "learned" - the trading program I provide is not regurgitation of facts, it is a combination of the proper knowledge and skills training which results in competency. Knowledge alone in the world of money management is insufficient. Contact me if you want to learn the right way.
     
  9. Regicide3342

    Regicide3342 Member

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    Definietly not. Marketing is kind of art, you cant learn it in a day. Such a complicated system needs careful investigating and a human is not able to master such thing in a day. Yeah, you might learn the basics but the true knowledge comes with experience.
     
  10. Roxcon

    Roxcon Member

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    Learning to do anything in a day seems very unlikely, and a very risky thing to do when it is concerning something as risky as stocks can be.
     

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