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3 contributions to Day Trading for Beginners
Warning - Spam and Promotion Messages
Hi everyone. I received a few notifications over the past few days about spam messages and promotions made in private messages to our members. Unfortunately because this is a free group, and because of the topic, there will be promoters and spammers who join the group. Please be cautious when other members message you and recommend anything with a financial cost. I was recently impersonated in the group so be very careful. I will not be selling ANYTHING to you through private messages. And no one else should be either. For most of us, we don't need anyone's "system" or special brokerage accounts. All you need as a beginner is in the Classroom and Blueprint and other free online resources. We all just need to study, and this can be done for free with online resources or through textbooks. But perhaps you will venture off in the future and find a mentor or a trading system you want to learn, and you might buy a course. That's totally fine, there are probably many really good products / courses / mentors, just be careful because there are also many scams. Again, for most of us beginners, we are in a learning phase which requires you to buy nothing other than books IMO. Even the strategy that I will be learning first is 100% free from the RealDayTrading Reddit Group. I have mentioned their WIKI many times. Please be careful with offers you receive and please report any spam or messages you feel are not sent with good intentions. Tyler
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New comment Jul 23
1 like โ€ข Jul 2
Thank you for the information!
Inverse Head and Shoulders Pattern...?
Last week we covered chart patterns, specifically the head and shoulders pattern and the bullish flag pattern. I just noticed from a post on X that there might be an inverse head and shoulders pattern forming in Tesla right now. Check out the post here with chart drawing. Cool to see these potentially forming in real time. Many images I seemed to find online of the head and shoulder pattern (or many other patterns) were from many years ago.
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New comment Jun 19
0 likes โ€ข Jun 19
@Tyler Stokes Hey Tyler, NDX is up while Dow is down/sidways
0 likes โ€ข Jun 19
@Tyler Stokes Thank you, Tyler! Good answer
Bull Flag in Action on Tesla Stock
This week's content was an intro to chart patterns. I'm working on the video right now, but the podcast was published on Monday. It covers the head and shoulders pattern and briefly mentions a few others. Well today I came across a chart pattern that is perfect timing for this content. Below is a link to the X account of The Great Mattsby. I follow him regarding his analysis of Tesla stock. He's not a "day trader" - I believe he holds positions for longer time periods, but he certainly does technical analysis (Gann Theory). Again, many ways to trade the markets and use TA. Some of his videos about TA are really useful, and yesterday he posted a formation of a Bull Flag happening with Tesla stock, so I thought it was good timing to see a "real time" formation of a pattern. This link will send you to his post on X and there's a video where he's highlighting the formation of the Bull Flag. It thought it was useful for this week's content: https://x.com/matthughes13/status/1800355546840621174 Here is an article on Bull Flags for more information: https://www.thinkmarkets.com/en/learn-to-trade/indicators-and-patterns/bullish-patterns/bull-flag-pattern/ As always, this is not financial advice regarding Tesla stock.
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New comment Jun 11
1 like โ€ข Jun 11
Thank you. Very interesting!
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Gerald Gerlich
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Joined Jun 11, 2024
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