what else do i need to learn before trading

Discussion in 'Trading' started by ineedmoney90, Jun 2, 2023.

  1. Learning how to backtest ideas for entries and exits, either manually or with a computer, is very important; it was something I didn't realize I needed during my first year of real money trading and becoming proficient at it made a huge difference.

    As mentioned by others, additional things are needed too...


     
    #11     Jun 2, 2023
  2. #12     Jun 2, 2023
  3. jnbadger

    jnbadger

    Yep.
     
    #13     Jun 3, 2023
  4. jnbadger

    jnbadger

    Ditch the RSI now rather than learning later on how unnecessary it is.
     
    #14     Jun 3, 2023
    rajesheck likes this.
  5. I totally agree.

    We as traders intend to trade with the trend. Our nacked eyes are sufficient to see the trend in chart.
     
    #15     Jun 3, 2023
  6. jnbadger

    jnbadger

    Agreed. You won't find any squiggly lines on my charts. Not even volume. (Except for relative volume in my scanner) They're totally naked.
     
    #16     Jun 3, 2023
    rajesheck likes this.
  7. before all of them you have to be able to control your emotions or when you enter the market, it will ruin you!
    Also try to work a lot on demo and backtest your strategy
     
    #17     Jun 3, 2023
  8. monet

    monet

    That's hardly an exhaustive list.
     
    #18     Jun 3, 2023