(11/21/23) This week I will focus on research and document my findings to hopefully help me become a better trader. I am going to make only a swing trade over this week so I can focus on the research.
(11/22/23) Today I learned more about chart patterns and the forecast. Before this, I knew a few basic ones but I learned many more like: The flag, cup and handle, head and shoulders, etc. I looked at past charts to see if I could find any of these patterns and I found many instances where these patterns predicted the price well. There were also times when they were wrong so I shouldn't fully rely on them to trade, but I found that most of the time they were correct. I will probably use some of these patterns I learned to help me with strategies I adopt, to be more profitable. (11/24/23) I looked at some trading news mostly focused on crypto here are my findings. I got some mixed signals, but this was expected. The reputable sources said that bitcoin had the chance of breaking consolidations and reaching 100k by 2024. Knowing this, If I see their predictions seem correct, I will consider investing real money. tomorrow I will research brokers to decide which to use. (11/25/23) after some research into some brokers mainly focusing on crypto trading People are recommending TradeStation. On trading view which is the stock viewer I am using it is rated platinum, this also means I can use trading view to make the trades as I have been doing I just have to link my account. It has 4.6 stars and seems trustworthy enough. It has up to 4:1 leverage witch should be way more then ill need. TradeStation also can trade other things like stocks and forex, so if I every want to trade those I can. Overall TradeStation seems like a very good broker that will fit my need perfectly. It also has no fees for small accounts so its even better. eventually I hope to open an account and see what happens.
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AuthorHI, I am Austin sweet a high school student that would like to learn how to trade. Archives
December 2023
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