are you stuck at home bored of all the
Netflix shows and you cannot work out
because you don't have weights at home
well this is the perfect time to learn
to date rate here are the 4 steps to
start day trading as a complete beginner
in my recent video comments and on
Twitter and Instagram DMS I've received
tons of questions from people asking me
how should a brand new trader to the
market start learning today trade so
that's why I'm making this video for day
trading beginners to get started and my
recommendations of how I would
personally start again if I can go back
in time 6 years ago again these are my
personal opinions not financial advice
the only sound advice I can give you is
to make sure to click the like button in
order to get immunity from the viruses
okay so that may or may not have being
approved by the whu-oh but we'll just
roll with that so the first thing to do
for any beginner traders to get started
is to get a paper trading account paper
trading means you're practicing with
fake simulated money in your broker
account like these fake dollar bills
right here I already know what the pink
words mean but I think it's something
like completely legitimate American
dollar bills and the reason I recommend
starting out with paper trading first is
obviously if you're brand new to the
market you have no idea what
candlesticks are technical analysis
reading SEC filings analyzing news etc
etc so why would you risk your hard
earned money and dive straight into life
trading and put up money and risk when
you have no idea what you're doing so
take a step back and start with paper
trading first here are the brokers I
recommend to open an account for paper
trading first of all TD think will swim
this is completely free for American
users to get started for the Canadian
users yes you can open a thinkorswim
account for both live trading and paper
trading but you need to keep $5,000 u.s.
in the account in order to maintain
live data thinkorswim also has this
amazing feature called
on-demand that allows you to go back to
historical data and practice the price
action of almost any particular stock so
that's an extremely useful feature for
any beginner traders as well as the
experience so make sure to take
advantage of that a second broker I'd
recommend for paper trading with is
interactive brokers available for the
Americans and Canadians with interactive
brokers you do need to purchase
additional life data in order to use it
for paper trading I believe the data for
NASDAQ and why I see level one and two
quotes altogether should be about twenty
to twenty-five dollars per month u.s. so
that's not bad at all third option I
recommend for paper trading is Weeble a
zero dollar trading commission app while
I do not recommend using any of these
free brokerage accounts for live trading
such as Robin Hood or Weibo I think for
beginner traders to get started with
paper trading that's totally fine and
the reason I would recommend we both /
Robin Hood is that it has a very
extensive user interface on both a
mobile as well as on desktop PC and Mac
so you can pay per trade with live data
on all those platforms completely for
free a weibo trading app you have the
option of trading pre market after-hours
trading options and even shorting stocks
and if you sign up to Weibo you see my
referral link down below you receive two
free stocks the first one could be worth
up to $250 when you open the account and
the second one could be worth anything
between $12 to $1400 after you deposit
$100 so that's free money right there
for you to get started with paper
trading with live data I also have a
video tutorial and Weibo if you want to
check that out
the paper trading with live data is
available for both the Canadians and the
Americans at this time
the American users can open the funded
account and trade life with weeble but
paper trading with live data is still
available for the Canadian users so
sorry about that my Canadian friends now
that you have your paper trading account
set up it's finally time to start
learning this is the part where a lot of
people would tell you to buy some $5,000
DVD or $300 a month text alerts plan
we'll talk more about that later on but
here is an unpopular opinion and again
this is just my personal opinion not
financial advice before I buy anything I
would start by utilizing the free
resources online to start learning first
there's literally so much resources out
there on YouTube for me I've been making
these shorts and simplified videos now
for over a year I talk about day trading
strategies various ways to find stocks
to trade how penny stock pumps work and
have weekend videos reviewing all my
trades for the week and the whole point
of starting out with just paper trading
and free resources is to prepare
yourself financially and mentally for
the years of hard work that is to come
if you decide to take trading seriously
most people jumping into the market to
trade have no idea about all the hard
work and time that's required in order
to make it in this business 90% of the
people out there buy into the kool-aid
the trading is easy you just spend $300
a month on text alerts and you can make
thousands of dollars trading only one
hour a day and from anywhere in the
world let me reassure you from my
personal experience of trading for six
years now the reality is far from the
lifestyle marketing trading is not easy
controlling risk maintaining discipline
and focus is a constant battle on a
daily basis like I mentioned before in
this video even if you're starting out
trading part-time while working a
full-time job you are essentially
starting a part
and business that requires full-time
effort and if after watching some of my
youtube videos you're like holy you
mean I can't just roll out of bed ten
minutes before they open I have to wake
up few hours before and I'm gonna age 10
years in 6 months like Humboldt Raider
no thanks
trading isn't for me the night of six
jobs sounds pretty good right now
Nori's that's totally cool I understand
by this point you've only done step 1
paper trading step 2 using free
resources online
so essentially you bought yourself a
free backdoor ticket this whole
experience of trying out day trading for
couple months is completely risk-free
let me make this clear there's nothing
wrong with these premium paid
educational DVDs and courses as long as
they're actually valuable and not just
selling people the Lamborghini dream I
just recommend complete trading
beginners to start dabbling by using
free resources before making these
costly investments next step number
three after you set up a paper trading
account and started learning some
strategies and setups the next step is
to smash the like button to make it rain
Lamborghinis actually I heard toilet
paper is more valuable now so give me a
second check out this perfectly
individual wrapped thirty-six rows of
double layered goodness that's perfect
for your app to sit at home and paper
trade oh so if you have a Lamborghini
you wanna trade in with our perfect roll
of toilet paper right there
call me step in the mud three is to
adjourn all your trades that means
spending five to ten minutes each day
after the markets closed to write down
your entries exits and all the setups
that you took it's only by tracking your
trades and seeing your performance on
the spreadsheet that you can actually
start to see who you are as a trader are
you better I going long or short are you
better at trading large cats or smoke a
penny
stocks do you trade better by using
indicators for entries and exits or are
you better at trend-following
and only enter after a reversal has
formed these are all the important
questions that you need to find out for
yourself as a trader remember yes we all
see people doing different things daily
on social media whether it's shorting
parabolics or buying the dips but what
works for other people are most likely
not going to work for you so that's why
tracking your trades and journaling them
down is what will allow you to find the
focus and once you've found one or two
setups that you're very good at just
focus on those setups and block out
everything else you can receive a free
trading journal so get started when you
sign up to my email list down below you
also receive a free weekly watchlist
sent out from me every single weekend
so that steps two and three for you to
get started with day trading right there
there's a link for you to sign up below
so after spending a couple of weeks to a
couple of months paper trading learning
from free online resources and tracking
your trades by this point you should
have a pretty good idea whether this day
trading business is something that you
want to take it further and start
expanding or for ninety percent of the
people out there this is a point where
they realize it's too much work it's too
time-consuming and they want to give up
and that's totally fine like we talked
about earlier this is not for everyone
and it's a risk-free experience by this
point but for the rest of the ten
percent of traders out there who want to
start taking this more seriously now's a
good time to join a premium community of
traders to learn from and trade with no
I'm not talking about services where
they're alert you to buy and sell that
defeats the whole purpose of learning to
trade for yourself right I know it may
sound kind of contradicting that I
talked about learning from free
resources earlier and now men
later I'm talking about joining a
premium service in order to learn but
please hear me out I have good reasons
for that utilizing these short and sweet
videos on YouTube is a great way for
beginner traders to get started and get
a taste of the market before investing
too much but without life guidance and
price action analysis during market
hours when you're trading you can only
go so far by yourself in a community
with other like-minded traders is where
your start trading beyond just
memorizing patterns personally it's only
after I've invested my market tuition
and found a good group of traders to
trade with nice finally start to learn
all the little nuances of day trading in
a stock market these are nuances such as
analyzing news headlines how earnings
work in different sectors how
macroeconomics
affects the price movements of the
stocks short-term and all the other
nitty-gritty details such as price
action and how the money flows strength
rotates between the small caps and a
large caps these are all the things that
would have taken me many many more years
to learn by myself if I were just going
about a DIY route with just the free
resources on lying
so I'm looking back now I have
absolutely no regrets of all the money
and tuition that's spent in the market
because I sped up my learning curve yes
I do understand why trading education
services get a bad rep it's always the
endless Lamborghini ads and selling the
dream that people think about because
those are the people with millions of
dollars of marketing budgets each year
I've gotten tons of emails and messages
from other traders who fell for
lifestyle marketing and selling a dream
and that's extremely unfortunate I fell
for many of that myself many years ago
but now I've learned from all those
experiences and know what not to do oh I
can say is if it sounds too good to be
true it probably is the reality
Trading is not fast and it's definitely
not easy but if you're willing to put in
the time and hard work yes it can be
done slowly and surely hopefully this
video helps you out especially if you're
just learning to day trade and starting
out as a complete beginner hey guys
thanks for watching I hope you enjoy the
video and the bad jokes if you want to
see more day trading content make sure
to subscribe and follow me on Twitter
and Instagram for more if you'd like to
trade with me daily and get my free
weekend watchlist and trading journal
make sure to check out the links below
for more resources stay green stay
positive and I'll see you guys next time