Drinking from fire hose

You will not know what hit you

First thing that will happen to you is you will feel overwhelmed. You will have to be a fast learner to quickly grasp things.

There are different levels of market understanding among members and majority of members have been around for 3 plus year so they speak different language and move couple of orbit above novices in terms of their understanding of methods discussed here.

The single most important thing you need to do if you need to internalize the method is to get a software subscription. Unless you have a software to scan the stocks and see the stocks we are discussing here you will not understand much.

I use Telechart for my scanning. That is my recommended software.

You can use any other software you like. Most members here use either Telechart or TD Ameritrade scanner (free)

The second important thing for success in trading is to have right infrastructure in terms of broker, news sources, data sources and so on. I use Interactive Broker (IB) and Fidelity as my main broker. IB is my recommendation for active traders.

My advice to everyone is that keep your trading cost as low as possible. There are excellent free resources like moneycentral, finviz, google finance, yahoo finance etc which are sufficient if you have small account and want to keep cost low.

I might use many tools because I am in a position to spend much more and many of those tools are luxuries and not essentials. I have traded the same methods with free services for many years.

Your starting point should be the Guide section and video archives. It might take you months to go through all material here.

The how and why of a method are most important. Each method has how part and why part to it. You must understand both. Spend significant time understanding both before starting to trade a method.

The market will always be there and opportunities to make money will always be there.

Your objective should be to understand the method and perfect its execution without doing too much damage to your account. In short don’t swing to the fences during your learning phase.

Besides learning a method you need to consciously work on your psychological side. The most important thing which will determine your success in trading over next 10 years will be your own self efficacy beliefs.There is extensive discussion of self efficacy on this site and every month I discuss it. Because in my way of thinking that is 99% of the trading is all about. 1% is methods, setups, entries, exits, risk management. Self efficacy beliefs is the real secret to success in trading.

Ask questions. This site is primarily a learning community. There are people with different trading styles, temperament, methods, experience and so on.

Your objective should be to learn a method.

If you understand the method I use to find my trades, you don’t need trade alerts.

You will find exactly same trades on your own.

If you want to further enhance your trading skills then you might want to attend the Boot Camp Several members have attended bootcamps. Some have attended them multiple times.

Also get on to the Zoom calls , that is best way to enhance your skills and ask questions. Zoom calls are conducted every day.

Every day there is educational call or actionable calls multiple times a day.

Asking questions on Timeline is best and fastest way to get answers.