So I've been at this roughly since June. I've learned a lot and have had good and bad trades while paper trading. My best win has only been $250 and my worst loss(with lessons learned) has been $1400. Because there hasn't really been a specific order of study and my studying has been rather all over the place, I'd like to kinda structure my study time so that in 3-6 months when I have some decent starter capital saved, I can begin trading frequently and efficiently.
Right now I work as a High School Teacher and eventually want to transition into full time trading. I get the reality. This stuff doesn't happen over night, but I'm so ready to make this happen as FL Teacher salary isn't the kind I want to stick around with for the next 20-30 years.
To my question! So what I want to know is, for a beginner trader. What would be the best trading strategies/setups to focus on. I'm guessing breakouts and morning spikers. Fortunately I tend to have a few windows of time to trade during school hours and at night when I use the TOS on demand feature for practice once the house is quiet. Can anybody perhaps give this desperate trader some words of wisdom?
Thanks!
Nino
Omg whoever said to use margin please don't listen to them. That's how I blew up my account bits ok to trade high priced stocks when you have a lot of capital but to grow your account exponentially penny stocks are the best way to do it and their chart patterns are just as predictable and reliable than 'real' companies
*as real companies
FYI a margin account is required to be able to short sell but it is different from leverage, do not use leverage
@timothysykes Sorry that's what I meant. No Leverage! :)
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