Yesterday's podcast was about win rates and risk to reward ratios for day traders. I remember hearing about these when I first started researching day trading, and I recently came across them again. The podcast and article go into detail about them. Check out the resources here: Read the full article. Listen to the podcast here. As a beginner, it will take a bunch of trades in your paper trading account and journal to gather enough good data. This is why a trading journal is so important. So it's not something a beginner can track or is expected know right away IMO, but it's certainly something to be aware of and start to track as you start trading more and more. Before you trade with real money, you should have a reasonable win rate - again this seems so obvious, but everyone wants to trade real money right away... Overtime you should know these rates and ratios, and you'll be able to get a sense of the probabilities and risks associated with various trade set ups.

Hi Group, journey is going well and slowly trying to form a strategy. Here are the notable books I’ve read and my thoughts: How to make money in stocks, William O’Neill - currently reading this and wish I started it sooner. Giving a good historical context. Advanced techniques in day trading, Daniel aziz - well written and worth the read. But I’m reading on kindle and you really should get hard copy to write notes. Technical analysis masterclass, Ralph shlotman - def good for beginners. Really well explained. I think I will need to progress to technical analysis of financial markets. Would really appreciate your recommendations on books to sit down and help formulate a strategy. Still feeling a little overwhelmed with all the content out there.

Something I have been working on understanding the past week more in depth is reading candlesticks. When putting my learning into practice I have found that I am having an easier time predicting where the stock will go. This is definitely something I will have to keep an eye on and learn more in depth, but definitely something worth looking into. Don’t get me wrong I enjoy a solid looking line graph, but candlesticks definitely do help to provide further insight from what I have learned thus far. Anyone else finding them to be useful/not useful?

Today marks the start of Season 2 of the podcast and I hope to upload an episode every week (no guarantees with my busy personal schedule ahead). As I posted a few weeks ago in the group, I've started to study a few trading strategies. However today the podcast started up again so wanted to share some links if you're interested: You can listen to the episode here: https://www.buzzsprout.com/2289984/15556893 The Classroom has a course now called Trading Strategy. I plan on uploading modules on my progress with learning various strategies. Overtime perhaps it will be a good resource which can highlight various strategies that beginners might want to pursue.