How to become successful trader

ADVICE

Ignore the monkeys who are telling you trading is impossible or it's gambling. There is no shortcut. Trading is hard. It can take you more than a few years to be consistently profitable. I'll cut the TA talk short since it'll get downvoted for being bullshit astrology in this sub which is dead wrong, but I'll give advice on things I personally struggled with, and many others struggle with. Just to be clear I prefer intraday trading so if you are more interested in swing trading then this might not provide as much value.Basics. Learn support and resistance. Learn trendlines. Don't fill your chart with a million different indicators or you'll keep getting conflicting signals and you'll get analysis paralysis which leads to shitty entries and shittier exits. One or two moving averages is fine but you don't want to be the guy that has 15 different things on his screen.The trend. Look at the chart. Is there a trend? Is it trending up? Is is trending down? Is it in a range? You only long if the general trend is up. You only short if the general trend is down. You can trade in a range but I prefer waiting for a breakout. Looking for trend reversals can be exciting and it can be very rewarding but you don't want to be the guy that tried to short an uptrend 5 times and lost 5 times. Looking for a reversal is usually not worth it for me. It's not hard to find something that has a clear trend for the day so keep looking for it. If something has no volume or no clear trend then you can simply skip it. Don't force it.

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