If you’re looking to learn how to get started in the stock market and become a profitable trader then you’ve come to the right place. We are going to layout some very simplified steps on what it’s going to take to become a successful trader.
Before we begin…we just want to forewarn you. You might not like what you’re about to hear!
Trading is hard and over 90% of traders will fail. That’s just a statistical fact.
We are not ashamed to tell you this truth. If hearing this reality helps you to determine that trading might not be a good fit for you then we’ve accomplished part of our mission. We aren’t trying to discourage you.
We are all about telling it like it is on the Bullish Bears team because we aren’t a bunch of sugar-coaters. We’re all about helping you, and not taking your money. We’d rather you protect your brokerage account than blow it up if trading isn’t right for you.
If you want to become a successful trader then it’s going to take hard work, pure and simple. It’s going to take blood, sweat, and tears. There’s absolutely no short cut to success as a trader.
HOW TO GET STARTED IN THE STOCK MARKET
You’re potentially going to need to study hundreds of hours of videos and charts before trading starts to make sense. And, even then you’re potentially going to need to make at least a couple hundred practice trades to help you overcome the emotions of trading. Even after doing all of this, the odds of being a successful trader are still stacked against you.
If this sounds exhausting, then maybe trading isn’t for you, and that’s okay. Investing long term is a smart, and easy way to set yourself up for financial freedom too. Financial advisers are plentiful and an unreplaceable profession. Not everyone wants to learn this stuff or will get it. Just keeping it real.
If you’ve looked around at other stock market companies or guru’s, you’ve probably seen some enticing things. Maybe you’ve seen them in front of fancy jets, expensive cars, sitting in front of stacks of cash, and half naked models hanging all over them?
These companies are selling you a false lifestyle. A pipe dream. They aren’t selling you on the realities of becoming a successful trader. Their fantasies aren’t the reality!
If these things motivate you, then yes, you can achieve them if you bust your butt and put in the effort as a trader.
But, you won’t ever see Tim, Dan, or Lucien promoting these things within the Bullish Bears community. We aren’t judging by any means. We respect many of these other traders and companies. It’s just not our style.
HOW TO GET STARTED IN THE STOCK MARKET – HARD WORK
If you want to succeed as a trader and want to join our community then get ready to come to work every single day. Get ready to put in the blood, sweat, and tears.
We’ve laid out some simple steps below on how to become a profitable trader but they aren’t easy. Again, trading is hard and you have to be willing to do whatever it takes to succeed. Only the strong will survive.
We’re not about hearing any excuses.
You’re going to hear us refer to these steps often within our trading community. If we see members struggling, then we will ask them what step that they are on. If they skip steps or aren’t following them at all then we’re going to ask them why they aren’t following them.
Again, we’re about helping you, and not hurting you. Do we like money? Absolutely! However, we don’t want money at the expense of others misfortunes.
If you’re new to the stock market, then don’t expect to make money for at least a few months. There’s a huge learning curve, and if you are expecting to make money right off the bat then that’s a perfect way to blow up your brokerage account. That’s not realistic.
It’s important to treat trading like a business or an education. There are costs that are associated with becoming a profitable business. There are tools that you’re going to need just like you would in any business. And, you’re going to need to invest in your education before you’re ever going to make money.
Invest in yourself first, be patient, put in the hard work, and then the money will come down the road.
So, now that we’ve laid it on the line…are you ready to Get Started?
HOW TO GET STARTED IN THE STOCK MARKET – STEPS TO SUCCESS
1) JOIN OUR FACEBOOK COMMUNITY
Before we get started we want to make sure that you’re a member of our community on Facebook. We want to surround you with great support right from the start. Our massive trading community is a great resource for you to ask questions, and feel comfortable doing it.
Our community is filled with traders from all different backgrounds that are willing to help other members pretty much 24 hours a day. Tim, Dan, Lucien, and our admins do their absolute best to keep all spam and negative comments out of our group. So, come and join us and feel free to ask questions, and participate, or just read and learn.
Join our stock market community!
2) SUBSCRIBE TO OUR YOUTUBE
The Bullish Bears YouTube channel is jam packed with massive amounts of content that will help you to become a profitable trader. We are constantly updating our channel on topics such as day trading strategies, swing trading strategies, and options trading techniques. It’s a huge hub of valuable trading content.
Subscribe to our YouTube channel and stay up to date with our latest content.
HOW TO GET STARTED IN THE STOCK MARKET – BLOG
3) SUBSCRIBE TO OUR BLOG
We update our blog consistently with free trading content that will help further our members growth. Just like our YouTube channel, we put a lot of emphasis on breaking down the many different topics of trading, in a simplified format, that’s easy to understand.
Visit our “stock market blog” and click on any of our blog posts. At the top or bottom of any blog post, click on the “follow” button next to our social media buttons. Enter your email, and this will keep you updated whenever we post content and important updates.
HOW TO GET STARTED IN THE STOCK MARKET – TRADE ALERTS
4) JOIN OUR TRADE ROOMS & RECEIVE OUR TRADE ALERT SETUPS & WATCH LISTS
The Bullish Bears Team prides ourselves on consistently delivering solid content to our community members. Our live trading room for day trading, swing trade room, watch list videos, daily watch lists, and trade alerts setups would cost you ($150+ per month) elsewhere. We are only asking for 10 bucks a month or 99 bucks a year. A very small fee for what we offer so we can continue to work and do what we love, which is help our community and provide content!
We encourage you to research other trading companies and alert services. We haven’t found any company that offers all the content that we do for what we charge. The value that we offer our community members is unprecedented.
Come and join us, shadow other traders, and take what you learn and practice trading in a virtual account until you’re comfortable trading with real money.
Also, we provide a Facebook community of thousands of traders from around the world that are willing to help you, and the ability to reach out to Tim, Dan, and Lucien with any questions.
Click Here to join our trade rooms, receive our trade alert setups, and daily watch lists.
HOW TO GET STARTED IN THE STOCK MARKET – OPEN AN ACCOUNT
5) OPEN A BROKERAGE ACCOUNT
Choosing the right broker will be essential to your trading success. Each broker has its benefits depending on what type of trader that you are. Regardless of whatever broker that you choose, it’s important to open an account with a broker that has a good virtual trading platform.
If you’re doing day trading then Interactive Brokers is a good broker to use, and they are cost effective, have very clean order entry, fast trade executions, excellent short selling availability and a plethora of tools.
ThinkorSwim has its limitations for day trading but they have the best charting platform, customer support, and are good overall for swing trading and options trading.
So, it’s a toss up on your preference because both are good brokers to use. We use both.
HOW TO GET STARTED IN THE STOCK MARKET – FREE COURSES
6) TAKE OUR FREE STOCK MARKET COURSES
If you’re new to trading, then we encourage you to take all of our free stock market courses. We’ve saved you $3,000+ in upfront startup costs from having to pay another trading company for their trading courses. And, then you have to pay them big bucks for access to their trade room and other services, and they might not offer all that we offer for a fraction of the cost!
We are trying to save you money here peeps! Keep it in your pocket or spend it on the tools you need. If you need more advanced training then check out our trading coaching page.
It’s important to study at least an hour or two per day for the first few months of getting started with trading, and not have the false expectations of making money for at least a few months. Yes you can make money right away but you need to build a strong foundation and know what you are doing, you can’t just wing it!
So, the reason that it might take you at least a few months to make money is because there’s a steep learning curve to trading. You might be a faster learner than other traders, but we wanted to make sure that we set the proper expectations that trading is hard and it will take some time to learn, and then implement what you’ve learned effectively.
You can follow this step (taking our courses), in conjunction with our other getting started steps, since furthering your trading education will be a continual process.
HOW TO GET STARTED IN THE STOCK MARKET – READING
7) READING IS ESSENTIAL
Reading is also essential to your growth as a trader. Having the proper mindset, learning about the technical analysis of stocks, and the successes and pitfalls of trading will be critical to your success as a trader.
Read our list of recommended stock market books and pick them up as your budget allows. These books are some of the most popular on learning technical analysis as well as the psychology of trading. Both are essential to a traders success.
8) TRADE IDEAS & BENZINGA
If you want to become successful in any type of business or career, then it’s going to take solid tools that will help you with your growth. Being a successful trader is no different. If you want to become a profitable trader, then you’re going to need reliable tools to help you to succeed. Tools such as a good stock scanner, and breaking news software.
When a stock releases news, it hits the news wires, and then it hits the stock scanners. Our favorite stock scanner is Trade Ideas and our favorite breaking news site is Benzinga.
These tools cost a bit of money, so make sure to only purchase them when you could afford them. It’s important to learn trading first, then add on tools along the way.
Enter “BULLISHBEARS15” (all caps) at checkout to receive your one-time 15% Bullish Bears community discount. Also, email us after you have purchased Trade Ideas, using our link and promo code, and we will send you our scanner settings as long as you’re a yearly Bullish Bears subscription member.
Enter “bullishbears25” (all lowercase) at checkout to receive your one-time 25% Bullish Bears community discount.
HOW TO GET STARTED IN THE STOCK MARKET – PRACTICE
9) VIRTUAL ACCOUNT
It’s important to never trade with real money until you’ve made at least a couple hundred trades in a virtual account first, with a 60-65% profitable win ratio. Make sure to track your trades in a spreadsheet.
Once you’ve achieved this, then you want start trading with real money, while starting off with small positions, and then slowly increasing your position sizes over time. Always treat your virtual account exactly how you’d trade with real money. Use the exact position size, and stops that you’d use with real money, otherwise you’ll be setting yourself up for potential failure when trading with real money.
HOW TO GET STARTED IN THE STOCK MARKET – DAILY PROCESS
10) DAILY PROCESS
- Input our daily and swing trade watch lists that we email out each night into the watch list section of your brokerage account. Here’s how to import on ThinkorSwim.
- Take our trade alerts setups that we email out each night and upload them into your brokerage account by 9 am the following day. (Make sure to enable alerts by email or text in your brokerage account). Please read how our trade alerts work before you make any trades.
- Map out support and resistance areas on your charts for the stocks on our whichever watch list that you are trading. (Make sure to watch our watch list videos for assistance)
- Enter our trading rooms by no later than 9:15 am and click on our Trade Ideas screen sharing link. Trade Ideas link is posted on the members only page every morning by 9 am.
- Look at the top gappers on Trade Ideas and compare them with what’s on our watch list, and then narrow your watch list down to a target list of about 5 stocks. (Maybe less if you’re swing trading or options trading)
- Make sure that you are focused and fully ready to go by 9 am. If you’re distracted, having a bad day, are super tired etc…then walk away, and DO NOT TRADE! (This is a perfect way to make bad trading decisions)
- Make sure to read our Disclaimer first before making any trades! As a reminder…we aren’t licensed brokers or investment advisers. We are traders at the mercy of the markets.
HOW TO GET STARTED IN THE STOCK MARKET – DAILY PROCESS CONTINUED…
- Once the bell opens, focus on your targeted watch list, what’s popping up on Trade Ideas, and what people are talking about in our trade rooms. (Never take a trade based on anything anyone else is saying!)
- If the set up looks good, you’ve mapped out support and resistance, have predetermined entries and exits, and you’re feeling confident, then make the decision to enter into a trade.
- On your off time, study at least 1- 2 hours per day, if possible, until you feel comfortable following the steps above. Take our free stock market courses, read our recommended stock market books, and do research using sites like StockCharts.com, Investopedia, and YouTube.
- Ask questions and participate in our Facebook trading community. A solid community of support will help you along on your trading journey. Trading is hard and having support from your peers is fundamental.
- Discipline yourself to follow these steps every single day until you are a consistent and profitable trader.
- And…when you think that you’ve arrived as a trader…stay disciplined, never get too cocky, keep studying, keep practicing, and keep a laser focus. Remember…anything can happen at any moment in the stock market friends!
You’re going to quickly see that the Bullish Bears team isn’t about the money. We are about the people. We are about helping you. YOU are our passion!