What can I do?
If you’re new to trading on the market, it’s easy to hit a plateau in your learning. I recommend finding a mentor – someone you can relate to that has more experience in trading than you do. Find someone that has a trading style and philosophy that is similar to the kind you want for yourself – then hone in on that person and learn to emulate them.
Finding a trading mentor can be challenging since there are so many different styles and types of trading. A good mentor will help you condense your learning process – they can spot your plateaus and misconceptions and help you correct your path.
What has helped me?
In my 10-12 years of stock trading, I've found that video courses are one of my favorite learning tools. They have helped me improve my trading abilities and have inspired me to create my own education video course sets.
I love teaching and contributing to the lives of others. Video courses are valuable because you can both see and hear what the educator is saying – you're getting visual diagrams and screen shots to help you better understand what the educator is trying to convey.
What else do I recommend?
Video courses and mentors can be very expensive investments. There are several books I recommend:
- How to Make Money in Stocks: A Winning System in Good Times and Bad, Fourth Edition
- How to Make Money in Stocks Getting Started: A Guide to Putting CAN SLIM Concepts into Action
- Timing the Trade: How Price and Volume Move Markets
- 245 Money Making Stock Chart Setups: Profiting from Swing Trading
- Encyclopedia of Chart Patterns
These 3 books have helped me and I’m sure they would help you too…as long as you’re willing to put the time and effort into studying them.
Remember – these video courses and books are great tools, but they require you to invest your time and energy into them. They can’t replace a mentor that has walked the road before you, but they can help you along the way in the meantime. Whatever method you pick, stick with it and work toward bettering yourself and your trading skills.