New to trading

[Anonymous No.53600354]

I am hoping you all could help someone that is starting out in trading/stocks. I do not have much knowledge other than the basics. I was told to listen to some of the gurus on different you tube channels but don’t know where to start. Any advice/recommendations from you guys on how to get started? Thanks.

[Anonymous No.53600396]

dont

[Anonymous No.53600492]

>>53600396
Why?

[Anonymous No.53600934]

>>53600492
If you google "investment advice", you'll be greeted with an endless stream of liars and conmen who'll shill stocks in companies that purport to sell leases on AI-powered indoor fish breeding tanks or whatever.
To be sure, there is good advice out there too, but your issue is that you can't yet distinguish good advice from bad.

[Anonymous No.53601106]

>>53600492
Here's a simple checklist when evaluating sources, which you can run down in order:
>1. Is this guy lying?
"I make $5K trading per day", "40% return", "you gotta buy this, this is going to the Moon!!!" are all telltale signs of that. You'll say that it sounds trivial, but your greed WILL blind you. And as long as greed blinds you, you cannot make wise decisions.
>2. Is this guy running a con/pump-and-dump?
All of the "trading groups" are cons: they buy before you, then they shill to you so that you'll buy whatever stock or shitcoin they bought. This is a very old trick, going back to the 20s, when it was called "painting the tape".
>3. To which situations is this guy's advice applicable?
Advice which would have been applicable 20 years ago isn't necessarily applicable now. The "60-40 portfolio" (60% stocks, 40% bonds) was appropriate 20 years ago, and if you held it in 2021-2023, you'd have been slaughtered holding it. The more "serious" types do give advice that is sound in specific contexts, but you should try to be aware what exactly that context is and not just think that "it's worked so far".
>4. Is this instrument appropriate for me?
You might stumble upon a triple-levered ETN on REITs and think that it has great returns, better buy it quick, however, you don't know what an ETN or a REIT are, or what makes them triple-levered.
>5. How can things go wrong if I do X?
Nobody is going to tell you what'll go wrong if things turns catastrophic. But you should be aware of what can go wrong. Nobody thought that the S&P would shit the bed in February 2020, or in 2021 because it's "a safe index fund".
You can look up the following pages on investopedia to have the basic vocabulary:
>bond
>yield
>P/E (+forward P/E and such; they're collectively called "multiples")
>earnings
>supply and demand
>liquidity
>default risk, liquidity risk, solvency
>market capitalization
>trading volume
>candle chart
>risk-free rate
>equity risk premium

[Anonymous No.53602128]

>>53601106
This is fantastic information. Thank you so much for taking the time out of your day to provide me with this. I will put it to good use.

[Anonymous No.53602167]

>>53602128
just go on tradingview dude, read some of the stock chart descriptions.

[Anonymous No.53602221]

>>53602167
Where can I find trading view?

[Anonymous No.53602325]

>>53600354
Maverick of Wall Street is by far the best YouTube channel to learn from. Rolls up the macros, fundamentals, and TA in every episode and explains what concepts mean. He aims for anons like you: retail and clueless.
Just watch every episode for a couple of weeks and you'll be amazed what you start to retain.

[Anonymous No.53603900]

>>53602128
You're welcome, anon.

[Anonymous No.53603989]

>>53602128
Don't listen to any of that shit
Buy stock you believe in and hold it to a profit. It's literally that simple. There's a reason why a cat making random decisions can outperform the majority of "traders"