Recently I asked about day trading tips on this forum and got really nice response. Some one introduced me to Voodoo day trading community where I found perfect atmosphere to learn day trading and technical analysis: https://discord.gg/yBmNzRm I have spent last whole week in the free channel in the group and learnt some interesting tricks and earned a decent amount of money.
Although free channel has helped me immensely so far but it feels like to reach the next level, I have to join paid channel. I wanted to ask that is it worth to pay for learning day trading or I could found free stuff instead? This forum has been a great help to me in past. I hope I will get some valuable feedback this time too.
It was green week. It was hard to loose on it. Next level on paid channel? You mean 3 steps back. To learn trading you need basic knowledge (1-2 h of learning TA) and months of experience. Leave group, go to binance and trade as much as possible. Chose min bet (~8$) and trade. Do lots of mistakes. Learn from each. -10% on 8 $ bet is 80 cents. And what you learned from it is priceless.
After few days you will say : i've lost 10$ but learned this and this and this
after few weeks you will say : i've earned 20$ but ive learned this and this and this
after few months you will increase bet and say ; I've earned 2000$ and still learned this and this
What would you say after few month trading by telegram signals?
I learned that this and this and this group is not legit, this is quite good but im still on big waste. (if you will find 1 legit)
Trading is not like "ok i see this formation and this indicator - ok ill buy and sell 4,5% higher".
When you start to earn on market you loose ability to explain how to earn. When i started years ago it was soo easy to explain. Trend lines, fibonachi, ichimoku, RSi. It works perfect in theory but not on market. Now i look at chart and buy, than i see that it is mooving not like it should to move up further. Its going to be dumped ... im out ... and dump comes after my exit. And i cant explain why. It comes with experience.
And what i've learned after years is that TA dont show you where will price go. It shows you where will supply/demand from TA lovers appear. If its not moving like it should it means that whale is using supply/demand from TA lovers and will move chart oposit to make them close position on lost (his profit).