/biz/ - Business & Finance

>>17802948
Look up No Nonsense Forex (indicators) and LiveTraders (price action/volume on more or less naked charts) on youtube. Watch literally all of their stuff. Set FinViz as one of your homepage tabs and check it out on a regular basis, that gives you more or less the majority of the FA you'll ever need on a stock you want to trade. StockTwits is good for general sentiment and reactions to what's happening in real time, but you have to learn how to filter out scammers.

There, I just saved you all the money you might have spent on college. All it costs you is your time watching and taking notes. Investopedia is also a great resource, but what I gave you will give you literally months of material to get through. After that it's mostly a matter of looking at lots of charts and experimenting with backtesting ideas out. Can't replace good old experience. Most people aren't willing to look at charts for hours upon hours every day though, especially when starting out, so whether or not you have the temperament for it is up to you.

At the end of the day all you're trying to do is find High Probability Setups, which have been tested extensively using historical data, and then paper traded (forward testing). Once you find something that fits your personality and works ("is profitable"), all you do is repeat it over and over again with proper risk management. The up-front work is hard but once you figure it out it's actually insanely easy and simple.

>>17172500
profitable in the sense that it helped me with understanding how price moves, yeah. like i said i don't actually trade while high. understand that a lot of the effort that goes into creating a system based on indicators to trade on is up-front. it takes an absurd amount of time and energy most people are not willing to put into it, but once you figure it out, you pretty much just run your system with your predetermined risk and scaling out price points, and you get the fuck out of the way of it (you don't try to second guess it and rely on probability making you profitable over a statistically significant sample size worth of trades).

the thing that fucks up most people in trading is purely about psychology. indicators and mark douglass help a ton with that, but at a certain point it just comes down to practice and temperament.