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How to Day Trade for a Living: A Beginner's Guide to Trading Tools and Tactics, Money Management, Discipline and Trading Psychology?
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I recommend posting your day trading questions on r/daytrading. Most day traders don't trade options for good reasons.
To learn more about using candles for DT, I recommend this book: How to Day Trade for a Living: A Beginner's Guide to Trading Tools and Tactics, Money Management, Discipline and Trading Psychology https://www.amazon.com/dp/B012C4AU10/ref=cm_sw_r_apan_5Q7G0FWJRYKEX3AG3ZRV?_encoding=UTF8&psc=1
It has small pages, large font, barely over 100 pages, and yet is enough to make a day trader successful with practice.
If you plot the VWAP on most high volume traded stocks you'll be shocked to see how often the candlesticks bounce off it. Those random squiggles you see on a line graph aren't nearly as random as you think.
If you convert that 5 minute chart into a Fibonacci tick chart, you'll be wide-eyed at how clear some patterns become, especially in the afternoon.
I think it depends highly on what is your knowledge and background. Generally I would something that talks about how to form trading strategies and about trading psychology. One such best-seller in amazon is "How to day trade for a living" (https://www.amazon.com/How-Day-Trade-Living-Management-ebook/dp/B012C4AU10). Bear in mind that understanding day trading doesn't require you to do day trading as a profession. But I've found this kind of knowledge to be invaluable when doing any kind of trades especially with cryptos where trading psychology is super, super important to grasp.
>d definitely recommend joining the algotrading subreddit. There are some awesome people there that can help.Other than that, read a few books on algotrading (again, you'll find them in the algotrading subreddit). They will give you a good sense of how to best create such a system.After that, you just need some machine learning knowledge to actually build a system.Happy to go in depth into each of these things.
It's a subreddit used for algotrading discussions (https://www.reddit.com/r/algotrading/)
I would recommend reading some books to understand everything. There is so much trading jargon that you can just learn by reading a few books. I would start with this (https://www.amazon.com/How-Day-Trade-Living-Management-ebook/dp/B012C4AU10?psc=1)
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