Decide your approach

Either trade infrequently , in which case you will need to find big winners only. This is extremely research intensive approach and it works if you are willing to do concentrated positions.

The downside is you will have higher drawdown if the large size position does not take off .

More practical issue is for someone just starting out in trading it will be difficult to learn this kind of style as there are very few trades in a year.

You will not be using your skill frequently so it will take you years to gain expertise.

Trade frequently with small targets.

That is the approach used by I think 99% of active traders.

You make money by catching several small moves.

It is comparatively easy to learn as you will do large number of trades and learn quickly due to sheer volume of trades.

Those are two clear choices.

You can do combination of both.

Trade infrequently

Approaches to study :

Value investing : buy stocks that are undervalued hoping market will discover them and they will get back to value

Growth investing: Buy stocks of companies growing earnings and sales faster than average stock and find these stocks right at the start of the move

Contrarian investing: Buy weakness and sell strength

Trade Frequently

Approaches to study:

Momentum breakout : buy stocks that are going up during. During that move they will frequently go sideways or retrace and you have to buy on b/o once that period ends hoping momentum will reassert

Momentum anticipation/pullbacks : buy stocks that are going up during. During that move they will frequently go sideways or retrace and you have to buy in anticipation this will end hoping momentum will reassert

Momentum contrarian/mean reversion : Sell a high momentum stock near its high hoping the move will fade or buy stock going down near its low hoping it will bounce back.

Prey on market structure : Mostly done by quant funds, day traders and market makers where they use knowledge of order flows, stops, news effect, correlations, historical tendencies and seasonal tendencies to find small profits.

Many variations of these basic approaches exists. People call these things by different names, use different scans, use automation , claim they have secret sauce , but when you strip it down to basic they do one of the above.

Best site to learn to trade

If you are serious about your trading and want to build an enduring edge, the Stockbee Member site might help you.

Members tell me they have tried a lot of things before coming to my site, and it has offered them the most extensive and detailed methods to swing and position trade. Members range from very experienced traders to novices.

No advertising, no hard marketing, no promotions, no free offers, no affiliate marketing, no incentive to other bloggers to promote the site, no constant tweets self-promoting the site, and no tall claims. Every member comes through word-of-mouth recommendations from existing members.

As a member, you will learn the basics of swing trading, momentum investing, growth investing, and risk management. You will learn about Stockbee Momentum Burst breakouts, Stockbee Trend Intensity Breakouts, Stockbee Episodic Pivots Breakouts, Stockbee Lemonade Strategy for 401k, and many other member-shared methods.

You will learn how to set up your own scans, how to select the right kind of stocks, how to set up stops, when to enter, when to exit, how much to risk, how to track your trades, and all other details about trading.

You will learn about developing your own methods and not relying on others for trade ideas. Develop your own edge. Once you develop your own method, you will have a lifelong profitable method.

The site gives you an opportunity to interact with some of the most successful traders and learn from them about their trading methods. It is a vibrant community with members from different backgrounds and experiences willing to help each other. Members have shared their methods, scans, software, backtests, and market insights.

Every day, the emphasis is on continuous learning and upgrading of market knowledge and setup knowledge. The members range from hedge fund employees, financial advisers, active swing traders, investors, and new traders.

You will see that many trading bloggers have been using my market timing methods, scans, and chart templates. They have developed their own methods based on my methods.

Almost every member comes through a recommendation of some of the leading trading bloggers and trading sites. 80% or more members continue to be members for more than 3 years. Most tell me that they stay on because every day they learn so much from the members' site.

If you are looking to develop your own trading strategy, the membership site might be for you. You have to be willing to put in the effort to build your own method. There are no silver bullets offered on the members' site. Every method, every scan, every nuance is detailed, and all possible help is offered to design your own method.

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