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Beginner’s Guide to Day Trading~~~ Feb 9, 2025

Beginner’s Guide to Day Trading: How to Get Started!

A lot of people have been asking me recently to help them with day trading. I'm not teaching anyone indiviually unless i'm getting paid. Byt here is a guide to help you get started.. ^ ^

When I first learned about stock trading, it was my best friend and her ex-husband who introduced me to it. They gave me a few videos to start with, but after that, it was all on me. I would take my laptop and notebook to cafés during the day, studying as much as I could about trading.

I was never the best student in school (definitely didn’t get good grades), so it took me about eight years to fully understand what I do now and make serious money. That’s not to say it will take everyone else eight years—it could be significantly less. The key is putting in the work and having the motivation to keep learning.

Some of my favorite trading gurus lost hundreds of thousands of dollars when they first started because they assumed trading was as simple as "buy low, sell high." They didn’t put in the effort to:

🩷 Learn how to read charts

🩷 Create a solid trading strategy

🩷 Manage their risk properly

🩷 Understand market psychology

🩷 Use technical indicators effectively

Once they took it seriously, they came back stronger and are now multi-millionaires, able to retire not just themselves but their children (and probably their grandchildren too). The crazy part? All my mentors now teach for free. They don’t need the extra money—they just enjoy helping others succeed.

Right now, I’m broke because most of my money has gone into bills in Japan and taking care of my daughter, so I haven’t had time to build up my trading capital again. But once I get out of this hole, I’ll be back!

In the meantime, I wanted to make this blog post to help those of you who are interested in day trading but don’t know where to start. It can feel overwhelming, so I’ll try to make this as simple and easy to understand as possible.

1. What is Day Trading? (And How is it Different from Other Trading Styles?)

First, let’s clear up some trading terms:

Day Trading – Buying and selling stocks (or crypto/forex) within the same day. The goal? Profit from small price movements. You must close all positions before the market closes.

Swing Trading – Holding a trade for days or even weeks to catch bigger price moves. Pro tip: Swing trading can also be used to bypass the PDT rule (more on that below).

Long-Term Investing – Buying stocks and holding for months or years. This is what people usually mean by “investing” in the traditional sense.

For beginners, swing trading is often a good starting point because you don’t have to stare at the screen all day like a full-time trader.

2. Choosing a Broker (And Why U.S. Brokers Can Hold You Back)

Your broker is where you’ll execute trades, so choosing the right one is super important. But it also depends on where you’re from!

If you’re in the U.S., you’ll have to deal with something called the Pattern Day Trader (PDT) rule.

What is the PDT Rule?

The PDT rule requires U.S. traders to have at least $25,000 in their brokerage account if they want to make more than 3 day trades per week (within a 5-day period).

This is why many small traders use swing trading—because holding a stock overnight technically doesn’t count as a “day trade.”

Best Brokers for Day & Swing Trading

Depending on your location, here are some great platforms:

U.S. Brokers (PDT Rule Applies)

Webull – Great for beginners, solid paper trading demo

Moomoo – Advanced charting tools, but demo trading lags sometimes

TD Ameritrade (ThinkorSwim) – Best for serious traders

International Brokers (No PDT Rule)

Interactive Brokers – Best for advanced traders

FBS, OANDA (Forex) – Good for currency trading

Binance, Kraken (Crypto) – Best for crypto day trading

My Experience with Webull & Moomoo

Personally, I’ve used both Webull and Moomoo, and I like them both for real money trading. But if you want to practice with paper trading (demo trading), Webull is the better option because:

✨ You can customize how much virtual money you start with

✨ It doesn’t lag like Moomoo’s demo account does

For real trading, both Webull and Moomoo are great for day and swing trading, so it’s really about personal preference.

3. Finding Mentors (And How to Spot Good Ones)

One of the best things about Webull and Moomoo is their public comment sections where traders share ideas. You can find potential mentors by:

1. Checking their profiles – A good mentor usually has a strong following.

2. Tracking their past stock picks – Look at the charts to see if their predictions were right.

3. Watching how they engage with others – Do they explain their trades, or are they just hyping stocks?

A great mentor can make a huge difference, especially when you’re first starting out.

4. How to Read a Chart (And Know if a Trade is Worth It)

If you don’t know how to read charts, you’re basically trading blind. Here are some free resources to get you started:

Investopedia’s Technical Analysis Guide → [Investopedia Link]

TradingView Free Charting Platform → [TradingView Link]

YouTube Channels for Learning Charts:

🩷Warrior Trading

🩷Claytrader

🩷Ricky Gutierrez

Basic Charting Skills to Learn

Candlestick patterns – Tells you if buyers or sellers are in control

Moving Averages (SMA, EMA) – Helps smooth out price action

Relative Strength Index (RSI) – Shows if a stock is overbought or oversold

Support & Resistance Levels – Where price is likely to bounce

If you take the time to learn these, you’ll improve your win rate a lot.

Pro Tips for Beginner Traders

✨ Invest in a Stock Scanner – Not required if you find a great mentor, but if you want to do your own research, a scanner can help you find low float, high volume, high short interest stocks, breaking news plays, gap-ups, etc.

✨ Learn About Short Sellers – Short sellers drive the market in ways many traders don’t realize. Understanding how they think can help you avoid traps (or even profit from them).

✨ Learn Options Trading – Options can be more lucrative than normal trading if you understand them. They let you control bigger positions with less capital and can be used for hedging or speculation.

Final Thoughts: Should You Start Day Trading?

Day trading takes patience, discipline, and constant learning. If you’re serious about it:

🩷 Use a demo account first (Webull’s paper trading is great for this!)

🤍 Learn chart reading from free resources

🩷 Find a good mentor on Webull or Moomoo

🤍 Have a risk management plan before using real money

If you stay disciplined and keep learning, day trading can be an amazing skill and a great way to become financially free- but don’t rush into it without proper knowledge!

And remember if you ask me to teach you. I will ask you to pay me. ^ ^ 🎉