Foundations/fundamentals for trading - recommendations

Having been a died-in-the-wool property only investor for my entire adult life, I only came into awareness/interest in shares through this site (which I joined for more property info) and this forum.

I have, as a result of reading the every post for the last 2 years on several share focused threads here, made my first foray into shares, which was a 50/50 split of 80% of our cash (which was slated for further property purchases) into VAS and VGS.

I am now looking to use 80% of the other 20% to "tilt" into trading and, being the researcher and analyst that I am, am looking for clarity around developing the foundations of trading signals (e.g. technical analysis, research basis, etc.).

I do not intend to be a day trader, getting in and out 3 times a day on highs and lows, however would suspect I would enter when, for example, signals look like they are going to cross trend lines. I'm happy to put some skin in the game at risk to learn the ropes, however would prefer not to spend weeks finding where to find educate myself on the fundamentals of trading trends and technical analysis.

If you were starting trading now, with the knowledge you have, what books, sites, short course, etc would you do to get yourself going on trading.

Thanks in advance,
D3

 

Chris Tate is one of the first people to ever release a share trading book in Australia and has had an extraordinary impact on thousands of traders. Best selling author of ‘The Art of Trading’ and ‘The Art of Options Trading in Australia’ (also: Taming the Bear and Understanding Futures Trading in Australia), his brutally honest approach and meticulous pursuit of excellence, ensure that exceptional traders all around the world quote his market comments.
Home - Trading Game

 

Then don't trade. There's countless managers out there whose entire lives revolve around trading. And yet most of them under-perform the market.

 

OK, thanks. I think I'm hearing "stick to ETFs"

 

Given that you are not willing to spend time on this, probably a good idea.

 

Well there's a reason why index-tracking ETFs are recommended. They're one of the best ways to invest.

That TradingGame website is a load of ****. I guarantee they have made more money from their "mentor program" than from their own trading.

Even their website design looks dodgy.

 

You need to:

- find a system that works (not as easy as you might think)
- find a system that works for you - i.e. you personally believe in
- have a strong ability to follow rules
- spend lots of time learning that system in a theoretical sense
- spend lots of time learning to trade the system in a live setting, preferably with a mentor, and willing to push through major setbacks
- be willing to stick to the system when its edge isn't present in the market, or you have a series of natural loses, and not jump around to other systems
- trade the system through a full market cycle
- continue to spend lots of time studying, learning and improving forever.

So... yes, best for most people to stick to ETFs

 

Thanks @RobertK028 , getting that feeling too