Stock Trading Beginner Course: Lesson 3 - Trading Systems & Trading Structures!
🎯📝: We are going to discuss the differences between a trading SYSTEM and a trading STRUCTURE. There are some very important ideas to figure out and plan before we hop into content.
I want it to be clear that a trading SYSTEM can change… While we have changing market conditions we can change our system. Maybe on huge selloffs we look macro and buy long term. Maybe during momentum bull markets we day trade; that can change. All of the who, what, when, where, and why can CHANGE… the structure cannot change.
A trading system can be modified - the trading structure cannot. We do not change our rules. We are RIGID in our rules, and that includes:
Risk Management
Technical Analysis
Fundamental Analysis
Mental Analysis
Trading Plan
Macro Markets
Goal Setting
Consistency
We do not change these rules, they stay the same and that is key. This is where our class is headed - and you should keep this in the back of your head.
You can legally ruin your life, so please keep the structure we are creating in your mind and focus on what is truly important - safety and protecting yourself.
0:00 - Intro
1:20 - Trading STRATEGY v. STRUCTURE
5:00 - Risk Management
8:00 - Technical Analysis
9:20 - Trading Plan
10:20 - Fundamental Analysis
11:24 - Mental Analysis
12:27 - Macro Markets
13:03 - Goal Setting
14:04 - Consistency
16:00 - Outro
*Obviously not financial advice. All decisions are your own. This is for entertainment.*