Trading 102 – Seriously, Is Trading Stocks Right for Me?
Trading 102 – Seriously, Is Trading Stocks Right for Me?, Know what is involved before you start trading.
Everyone gets excited when the topic of stock market trading comes up. Thanks to social media, the perception is usually 1 of 2 extremes – the “Lamborghini & infinity pool” lifestyle or broke & homeless memes. This is far from reality as the truth is that stock trading can be rewarding but it is not as glamorous as most people think.
This course endeavors to debunk some misconceptions about stock trading and covers the many important aspects to consider before having enough clarity to decide to embark in trading stocks. Together with it’s earlier counterpart, “Trading 101 – Is Trading Stocks Right for Me?” These courses starts with topics not linked to any stock charts at all covering issues like trading success factors and the difference between trading and investing in stocks.
We then move on to address risks by learning about money management and sizing each position in our portfolio to avoid over trading in a single stock. This is followed by a commonly under-appreciated method to select stocks to trade using the top-down approach to increase the possibility of taking winning trades.
Following up, then we proceed with getting to know about a charting tool and some basic candlestick as well as chart trending concepts. We advance further with charting indicators and also various common trading styles.
Finally, we wrap up this course by introducing keeping a trading journal as a method to track our stock trading journey and progress. Throughout the course there will be simple quizzes, practice exercises and also resources like templates and links to external services for data and charting platforms that participants can easily access and use for free.
