I see a lot of people ask the question, "I'm new to this forum and want to learn how to become a day trader." so I decided to create this post. You can learn everything about day trading from YouTube videos - this is TRUE. However, I personally recommend taking a course - it will be ENTIRELY up to you if you decide to invest in a day trading course.

This is for people who want to trade STOCKS and DOES NOT cover trading OPTIONS.

Also, THIS IS NOT FINANCIAL ADVICE! I am not a financial advisor and I do not teach how to day trade. I am simply providing how to START your journey to becoming a trader. My list provides YouTube video links but YOU should seek out your own videos as well.

TRADING 101: How to become a day trader - https://www.youtube.com/watch?v=Lg4AH0ZZ1wA

THE BASICS - CHARTS & MARKETS

Learn the BASICS of how to understand Japanese Candlesticks - https://www.youtube.com/watch?v=jmoOrgTP5XQ
Learn about VOLUME - https://www.youtube.com/watch?v=pfJBVC0RktQ
Learn about CHART TIME FRAMES - https://www.youtube.com/watch?v=BSyNbCPLQ5I
Learn about MARKET CYCLES - https://www.youtube.com/watch?v=g9exe7zkpOs
Learn about MARKET DIRECTION - https://www.youtube.com/watch?v=eYkgGNnEDFs

TRADING PATTERNS

This is my opinion but I believe there are two types of styles to trading stocks, YOU will need to decide if you wish to trade using INDICATORS or trade using only CANDLESTICK PATTERNS (I don't use indicators but that is MY STYLE, you may be different). Once you pick a path that suits your personality, stick with just 2 patterns before trying to learn more. There is a LOT of information out there, I'm only scratching the surface to get you started. The REST IS UP TO YOU!

NOTE: DO NOT START TRADING YET!! You need to research more about this subject as I've only given you a small select few examples. ALSO - learn what is next...

RELATIVE STRENGTH / RELATIVE WEAKNESS

Stock trading terminology - https://www.youtube.com/watch?v=mcvG0D-_6T4
Relative Strength Trading - https://www.youtube.com/watch?v=8Tgr4VUOoMo&t=1737s
Using Stock Symbol SPY - https://www.youtube.com/watch?v=1kD66RMWimo

GAPS & PREMARKET

Morning Gap Trading - https://www.youtube.com/watch?v=uMCR6ydZ45E
Trading Mega Gaps - https://www.youtube.com/watch?v=tQ3XYD19W1c
Create Pre-Market Gap Scanner - https://www.youtube.com/watch?v=lSVNOhYKz04

ORDER ENTRY

Types of order entry - https://www.youtube.com/watch?v=P13ssXCCBzI
Order types - https://www.youtube.com/watch?v=p9YndmEoJn0
Level 2 / Time & Sales - https://www.youtube.com/watch?v=9iL57SPqo54
Understanding Level 2 - https://www.youtube.com/watch?v=h9go6bC0YJk
Trade slippage - https://www.youtube.com/watch?v=bC8nXAVYqRg

MONEY MANAGEMENT

Risk Management - https://www.youtube.com/watch?v=38UPItfweWo
Risk Management - https://www.youtube.com/watch?v=YZm1ItLZsJg
Trade Management - https://www.youtube.com/watch?v=2WFLG14dxfI
Trade Management - https://www.youtube.com/watch?v=gIXPs339Mnk
Trading Plans - https://www.youtube.com/watch?v=aWx30SgWbUI

DAY TRADING TAXES

Brief talk about taxes - https://www.youtube.com/watch?v=cAZzeQkmaSw

DAY TRADING PSYCHOLOGY (VERY IMPORTANT!!)

2 Common Mistakes to Avoid - https://www.youtube.com/watch?v=mGV_T8G5YHg
7 Tips to Master - https://www.youtube.com/watch?v=uTQwalew81o
Become a Winning Day Trader - https://www.youtube.com/watch?v=OtwgYh5ObHA

SCREENING FOR STOCKS

How to find stocks on FinViz - https://www.youtube.com/watch?v=s2Ba94sLZN4&t=134s
Scan for stocks using TOS - https://www.youtube.com/watch?v=e0uB1fGJDqI
How to scan for stocks - https://www.youtube.com/watch?v=wkykR4ct_NM

PAPER TRADING (DO THIS BEFORE USING REAL MONEY!!)

Stock Trading Simulators - https://www.youtube.com/watch?v=d7Zx1IfbLc8
Webull - https://www.youtube.com/watch?v=YrkFl4_AXnc
EDIT: I personally do not recommend Webull for intra-day trading. I'll gladly explain why in a chat.
TOS - https://www.youtube.com/watch?v=i-NCWy_97fk&t=36s

Everything I posted above only scratches the surface of the learning required to become a successful day trader. There are MILLIONS of videos out there and there are REAL RISKS to trading if you do not learn the basics. Even professionals have days where they lose money.

BROKERAGES FOR DAY TRADING

Just know that intra-day trading requires a brokerage account with at least $25,000.00 in it for unlimited trades. For starting out, $0 brokerages are good for beginners.

Which brokerages should you use in 2021? - https://www.youtube.com/watch?v=UE-Pys46pMk

(OPTIONAL) DAY TRADING COURSES

Day trading courses ARE NOT CHEAP! At least, the really good ones are not cheap. Why? Because they only want SERIOUS BUYERS and they have spent years mastering their techniques. If you go this route, expect to spend around $2,000.00 to $5,000.00 depending on how in-depth you wish to go. These are only a select few recommendations based on reviews and my own personal research. My suggestion is that you pick someone who RESONATES WITH YOU. In other words, their personality must fit yours.

On DISCORD? Take a look at Empire Trading: https://discord.gg/bcB84fKqaX

I hope this helps you in your journey to GET STARTED in learning how to become a day trader. I've only laid out the basic guidelines in this post and I cannot stress how much MORE you should be doing on your own to figure out what best works for YOU!

Thanks for reading, share if you wish, and good luck in your endeavors!

Not Authorized

Lifetime Access - $15 one time