Trekkers Trading Stock

1.Learn the basics - We studied: • Terms • Market types • Supply/demand, technical vs fundamental analysis, bulls/bears, economic indicators Chart reading: • Candlesticks, support/resistance, trendlines, EMA (9, 21, 100), MACD cross • Basic news/events awareness (earnings, Fed meetings, economic calendar). Risk management rules: • Position, Risk/Reward, Limits and Stops. • Risk only 1% of your account per trade. On a $1,000 account Sell STOPS are even more critical! * Decided to risk 10% per trade but Sell STOPS are mandatory and no stop moving allowed. * Decided to trade Stocks/ETFs as they seemed easiest to start. 2. Develop Skills Without Risk: • Paper Trade using TradingView . * • Practice for at least 1–3 months. • Track every trade in a journal. • Goal: Achieve consistent small profits over 50–100 simulated trades. Develop a Simple Trading Plan: Define: Strategy, entry/exit rules, m...

MARKETS: 1. Stock: • Trades shares of companies. 2. Forex: • Trades currencies. 3. Commodity: • Trades gold, oil, agriculture, and natural gas. 4. Crypto: • Trades digital assets. 5. ETF: • Trades funds that track an index, sector, or commodity but like regular stock shares. 6. Options: • Trades contracts to buy or sell an asset at a set price within a specific timeframe. 8. Futures: • Agreements to buy or sell an asset at a predetermined price on a specific future date. TRADING TIMEFRAMES: 1. Day Trading: • Buying and selling assets within the same single trading day, closing all positions before the market closes. 2. Swing Trading: • Holding positions for days or weeks to capture anticipated price moves or "swings". 3. Position Trading: • A long-term strategy where positions are held for months or years, focusing on fundamental value rather than daily price fluctuations. 4. Scalping: ...