Could Someone Give me Advice on Developing a Robust Stock Trading Strategy?

Hello there,

I am new to stock trading and have been following the discussions here for a while. The depth of knowledge and the willingness to share insights in this community is truly impressive. I am hoping to tap into that collective wisdom for some advice on developing a solid trading strategy.

I understand that risk management is crucial, but I am struggling to find the right balance. How do you determine the amount of capital to risk per trade? What are some effective techniques to minimize losses without stifling potential gains?

I have been trying to get a grasp on technical analysis, focusing on chart patterns and indicators. However, I often find myself overwhelmed by the sheer volume of information. What are the most reliable indicators and patterns for someone just starting out? Any recommended resources for mastering technical analysis?

I know that having a trading plan is essential, but I am unsure where to start. What key elements should a comprehensive trading plan include? How do you maintain discipline and stick to your plan, especially during market volatility?

Also, I have gone through this post: which definitely helped me out a lot.

Staying updated with market news and understanding its impact on stock prices seems daunting. How do you filter through the noise and identify the news that really matters? What sources do you rely on for accurate and timely information?

Thankyou in advance for your help and assistance.

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Story of past life

90% stuff is free in Unofficed. Check from Bounce - Unofficed Its free.
There are only two paid courses here - and Home - Theta
But I suggest you to finish everything that’s free.

You have to become an asshole. People will not like when you buy or sell the stocks or options. You must have your own logic and rules and do it with firm hand.

Check the Buddha from here - Dashboards - Unofficed
In slack, You will find in the buddha channel.
The scanner is free! Use it. It gives good trade.
Time Compression Trading - Unofficed
If you are technical person check Backtesting Buddha Time Compression Strategy - Unofficed

I taught more than 3k students. You can see most of them in Slack. (Slack)
Thanks to my nature of work, I meet people.Like I am meeting you.
You and we, we chatter about market. Thats how I know stuff. News, People all of it.
It automatic for a truck driver to know where is the humps and bumps and prostitutes of a roadway!

My entire site is overly technical and made 90% free so that you can consume it and argue about wherever I have fucked up so that I can fix it.

If you don’t see things accurate, let me know.
If you see things noisy, let me know.
If you see me fucked up, let me know.

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