Hi Howie!
I have tried taking the path you are planning to take (albeit at less than 5 years experience in the stock market)
Here is a few things I would like to share with you, hopefully you will avoid mistakes I've done:
The thing I learned when I jumped into daytrading after extensive theoretical education and a bit of paper trading:
- How fast I can lose money and how many times it's possible to make the same 'I'll never do that again' mistake.
After I got my emotions a bit in order and started having a bit of success, I wasn't making any money due to brokerage costs.
So I decided to move to cent stocks that make large daily moves.
I learned that in fact: it was possible to lose money faster than I previously thought!
Afterwards, I moved to short term/swing trading (days to few weeks) in fairly liquid stocks.
Tho it was still hard, it was less brutal and punishing.
Eventually I started having decent success and when I went back to daytrading it was a lot less hard.
Tho I never mastered daytrading to make consistent profits.
I would suggest learning resistance and trendlines, and practicing by trading short term.
Before moving on to candle formations, Fibonacci, etc and daytrading.
Maybe read a book or 2 (Trading Secrets by Louise Bedford will give you basics and it won't overwhelm you, to begin with)
Threads that @Jako8557 suggested are a must read before you start risking your money.
Best of luck
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