I know what you’re thinking…
I want to start day trading, but I’m not sure what tools and resources I need.
I’ve been in this exact position, and I’ve managed to figure out what is needed in order to get started.
Below is a list of all the resources I’ve personally been using on my journey towards becoming a full-time day trader.
This list will be updated as I continue to progress.
Books
If you want to study from some books or audiobooks, then I have some great recommendations for you.
These were the first 3 trading books I personally bought, and I highly recommend them all. I bought the study guides for both textbooks, and the audiobook version of the mindset book. These books are highly recommended by many successful traders.
- Technical Analysis of the Financial Markets – Technical analysis textbook (essential)
- Options as a Strategic Investment – Options textbook (optional)
- Trading in the Zone – Mindset book (highly recommended)
Audiobooks are a lifesaver in my opinion.
I found the audiobook versions to be very helpful when it comes to this material. Sometimes it took me reading and listening to various concepts for things to really sink in.
Click here to get a free trial of Audible. You won’t regret it.
Software
These are the 2 main tools I’m currently using.
TradingView
TradingView.com is an excellent charting software for beginners, offering an intuitive and easy-to-use interface. It provides a wide range of charting tools and technical indicators, allowing users to analyze market trends and make informed trading decisions.
This is a great tool to use when you’re learning technical analysis. I personally plan to use this charting software together with my brokerage account for making real trades.
TradingView has a free option which allows you to use their charting tools with some limitations. It’s recommended to sign up for a free account to avoid pop ups while using the software. Sign up for a free account here.
Visit the official website here: https://TradingView.com
TraderSync
TraderSync.com is one of the top rated trading journals tailored for traders of all experience levels. It allows users to log their trades effortlessly, providing detailed performance insights and analytics to help identify strengths and weaknesses in their trading strategies. Journaling your trades is essential, even when you’re just paper trading. This tool will make this task effortless and reliable.
If you’re looking for one of the best trading journals out there, this is it. Some people journal their trades manually with their own spreadsheets, however I’m happy to pay for a service that does this for me. Sign up for a free trial here.
Visit the official website here: https://TraderSync.com
AI Tools
AI tools like ChatGPT and Grok are revolutionizing the way individuals learn about everything, including trading and technical analysis. These tools offer personalized, real-time assistance, making complex concepts more accessible and easier to understand. I personally use them both, and they have helped improve my learning.
ChatGPT
Grok
Online Broker
You will need to choose a broker.
Check out this guide on choosing a broker.
Community
Finding an online community is going to help with your journey towards becoming a full-time day trader.
I have set up a group on the Skool platform called “Day Trading for Beginners.” This group is completely free, with no ads or sales pitches, offering a focused environment unlike typical Facebook groups or other online communities. It’s dedicated to helping beginners learn and grow in the world of day trading.
In the group, you’ll find us building essential resources for learning the basics of day trading, opportunities to connect with other beginners, and ways to find accountability partners. The community section is perfect for discussions, sharing achievements, and networking. The classroom area includes my personal journey and strategies, and eventually it will have all the steps needed to become a full-time trader, all available without cost.
Download the 6 Month Blueprint
If you don’t have a copy yet, consider downloading my free 6 Month Blueprint. This outlines all the steps I’m taking to become a full-time day trader.
