Trading Is Hard!!

Snapshot of the Apple Stock Chart at different time periods — 1 Day, 1 Week, 1 Month, 6 Months

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I have been trying to learn more about stocks trading so that I can hopefully, earn more $$. Unfortunately, my journey hasn’t been smooth sailing so far.

What I have learned so far about the process

1. Find fast moving stocks. Preferably those that have 10% change or higher and with high volume. Use stock screeners.
2. Check the catalysts for stock movements by reading news. For example, even if a green long candle is present, they might be caused by High Frequency Trading algorithms executing a huge volume of trade at the start of the day. Therefore, we need to check to make sure that the stock uptick is caused by positive news and not just HFT trades.
3. Analyse daily stock chart. Check if there’s nearby resistance level, how far away is the chart from the moving average. Are there any gaps (When a stock opens significantly higher or lower than the previous day)?
4. Check for spread, thickness and order sizes, meaning compare the buy and sell prices, check if there’re…