Because Elon keeps changing his mind
It is important to gain the right mentality and to learn from those who are willing to help. Always take things with a grain of salt, but think about how it could help or sharpen your thought process.
Below is a short list of people I recommend to learn from on various platforms. I do want to add that I rarely jump on their plays and will often see what they are mentioning to understand their thought process (be careful of meme stocks and blindly following). Be weary of any person that:
Posts only winners (no losers) or is inconsistent in posting their earnings (most do not post, but if they post one month, why did they not post the following?)
Talks about limited time offers (there is eternity to learn and they will be around for another sale eventually haha)
Disappears during hard times in the market
Uses paper trading account to showcase performance
Unwilling to share any information and keeps their process entirely secret. What is there to hide when most trading is based on variations of others?
Only sends out buy/sell signals and does not teach you how to trade
Requires that you continually purchase their services instead of teaching you to be self-sufficient
Not all services are bad, but it does require you to be completely reliant and ride the ups and downs of traders
DISCLAIMER
I do not endorse, make money, or suggest that anyone purchase any of their programs. I do not, have not, and will not purchase services for picks or call outs. Many of the people below teach snippets for free through their videos and live feeds.
While services can make you money, you are completely reliant on them and not everyone truly teaches you to become self-sufficient to do this on your own. Additionally, I would rather lose my own money than blame others for their call outs. The goal of this class is to teach you how to fish, not to give you fish.
X (Formerly Twitter)
@ripster47 - Creator of the EMA Cloud System, shares everything he preaches 100% FREE, also has a discord with tons of free information. Great for new traders who want to understand a system using moving averages to get started.
@jake_Wujastyk - Share a tons of charts weekly for you to learn from. Also has a live feed on IG/TikTok to go over stocks weekly. One of the best to follow for chart analysis. Perfect for those who do not have a ton of time, but want to know what others think of the overall trend of the stock.
@MapleStax - One of my new favorites as they break down charts and trade theories. Great for new traders who want to understand entry and exits as well as how to develop a strategy.
@TraderLion_ - This is by far one of the best at providing knowledge about trading and charting. Beyond the charting and news, they offer a ton of videos to watch that breaks down anything and everything. They host a conference every year with some of the best traders out there (US World Investing Champs) and they give break downs on how they trade, position sizing, mentality, positions they have entered and why, and overall context of things going on in the market. If you are serious about learning more than a simple strategy to trade, then you need to follow and watch their videos.
@TradeSniperSara - Offers the best explanation to price analysis and how to spot reversals. In a choppy or sideways market she is one of the best at spotting bottoms or tops. Great at explaining entry and exits points, establishing risk:reward, and broadening markets. This is for the more experienced trader who wants to add confluence to their trading.
@TaPlot - Offers a ton of charting, live videos, charts of the top stocks from Investors Business Daily (avoid the $35/month subscription), quotes from investing books to understand, and market happenings.
@markminervini - US Trading Champ with the highest gains in history of the competition. We are using a version of his SEPA Training (Specific Entry Point Analysis). He sometimes gets political at times, but his takes on overall market have been the most accurate I have seen. His political views are not as bad as others I have unfollowed.
@eWhispers - always important to know when earnings is coming if you are short term holder as earnings can have a disastrous impact on your profits in a heat beat. Worse, it can happen when you cannot trade out of your position (see FB on 02/03/22 to 02/04/22 - $100 loss, see GOOG on 02/01/22 to 02/02/22 - $400 move).
@breakingmkts - great for news that can impact a market. They tweet a lot and can sometimes provide world news unrelated to the market, but overall I find them beneficial. If you find someone better let me know.
TikTok (Always evolving so it is hard to keep up)
@ceowatchlist (@jake_Wujastyk from Twitter) - Prerecorded and live videos to walkthrough charting and stocks every week. Great for their lives and posted videos for explanation on moving averages.
@emarktrades - Just found them and they provide great examples of support and resistance, how to use moving averages, take profit points, risk vs reward, and their thought process. Do not worry about her trading intraday trading on the 4 hour or 5 min candles. The strategies work on even the daily/weekly charts as well.
@bigdollarfinance12 - 100% this is the problem with social media. The original poster is gone and there are a million other accounts similarly named. But, they have five videos everyone should watch. It keeps trading simple using the 8 moving average, support and resistance, pullbacks, avoiding bull traps, and avoiding fake breakouts.
@dailydaytrades or @freestocktrades (I think @thefreestocktrades might be a spoof account) - good analysis and thought process about future movements and explanations about the market
@thetradingsyndicate - covers chart patterns, entries, exits
@optionbrewers - this is later when we get into Options (contract purchasing) and other higher level plays
@ceowatchlist - from Twitter. Provides similar content from TikTok and has Live video to interact.
@investitrade - Provides targets for upcoming weeks, chart patterns, understanding sentimental plays, and mentality
@optionsswing - Natalie Garces joined them last year. Provides targets for upcoming weeks, chart patterns, understanding sentimental plays, and mentality
YouTube
CANSLIM
Annual Trading Conference
Books to Read
You can find some of these books online for free to read. While they all provided some context of information for me to process in one place and in a progressive manner, all of this information can be found via websites, YouTube, TikTok, and Twitter (X).
Candlestick Charting for Dummies
Technical Analysis for Dummies
How to Make Money in Stocks
Trade Like a Stock Market Wizard
Think and Trade Like a Champion
A Complete Guide to Volume Price Analysis