Where and how to begin TA?
Dear friends I am learning TA from this great site.
Hi Sillu_m,
I am novice at this and this is my 4th day - trying to learn Intraday - I am reading books and relying on this marvelous forum for support, guidance and inspiration.
Your message is categorized as an inspiration!
I am reading [Trading for Living - Alexander Elder] to get me started and I have just reached a chapter on Computerized Technical Analysis.
There are many questions sprouting in my mind - most importantly,
1. Where and how are the tips generated by the gurus like yourself?
2. How do you identify the securities to trade?
3. Do you randomly choose a sector to generate these tips?
4. What are basis, if any, to choose a sector?
5. Am I correct in thinking that Intraday trading requires most actively traded securities - do I go after the securities by looking at the volume and then research them to come to conclusion?
I would appreciate if you please share the url of the website you use to learn TA.
Kind regards,
Devin