A short YouTube monologue by Kardec Trader offering practical starter advice for aspiring day traders. The speaker recommends keeping a detailed trading record, focusing on price action/order flow rather than many indicators, selecting and sticking to one market, maintaining consistent position sizing, and prioritizing learning and repeatable execution over making money in the first year.
If I was to start all over again, the first thing I would do I was I would keep a record book of my trading. I would try to break it down as much as I possibly can and build game plans and come back to the game plan and see what worked, what didn't work. I would focus strictly on price action, slash, order flow. I wouldn't add a million different indicators. I would stick to one market. I wouldn't try to go from penny stocks to stocks to options to futures to crypto to forex. I pick one market and stick to that market. I would heavily, heavily focus on keeping my size consistent and not more. For at least a year. I develop an edge until I develop something that I think is repeatable. I wouldn't look to make money like that one year. My goal is not money. My goal is to understand, learn and be able to execute. Even if it's risking $10 or $20. I want to be able to do it for a repeated period of time opposed to making so much money in year one.
