Disclaimer: This is not financial advice.
I would like to start off with which videos I started my journey with.
The first is definitely CryptoCred who taught me the basics and fundamentals of trading.
Here is the link to the playlist:
https://docs.google.com/document/d/15c3rN15rkXldY8Te3GDG4NG7noaaoikydOoZQlElwXw/edit
When you finish the playlist, you should be able to mark out clear support and resistance levels, sometimes daily levels as well, which normally teaches you where to enter your trade.
Word of advice: It takes time to prepare for the trade, but the trade itself is very quick because it only requires us to put in an order. Now, you might be thinking 'Oh, we just pass the resistance level, I should long at the retest.' 'Oh, it didn't hit my entry, let me just market buy'. Now, whether you want to market buy is up to you, but I would be against it, because normally I would call that a missed trade and would move onto the next one. This is because that type of sentiment is what we normally see on rookies, called 'Fear of Missing Out (FOMO)'. FOMO is normally what causes people to lose money and they also enter too late to the party. In trading, we want to get on the rocket before it lifts off. This is the analogy that I remind myself everytime. Remember this: There will always be opportunities to earn profits as long as we stay in the game. Staying in the game > Winning the game.
I have given basic advice to trading and a source to learn from. If you have any questions, you can send in an email at [email protected] or comment below.
Only using the tools from the source above is definitely not enough in my opinion, because to trade only using those requires experience. I will expand on how to trade with other tools in the next post
