🛒 Level 1: Place a Trade
This is your initiation. We’re not learning just to push buttons — we’re here to understand how the investing world really works by stepping into it.
🎯 What You’ll Learn
- How to place a trade (market vs limit orders)
- What position sizing really means
- Why order execution teaches more than reading books ever could
🧭 Why This Is Foundational
- You’re building fluency — placing a trade connects theory to reality.
- You’ll learn by watching yourself — emotions, reactions, discipline. It’s all data.
- It unlocks context — terms like liquidity, slippage, bid/ask will now mean something.
🔧 What You’ll Need
- A brokerage account (demo or live)
- A basic asset (start with one stock or ETF)
- A journal or tracker — you can use this template
- 10 minutes of focused time and curiosity
📘 Concepts to Know
- Market Order: You buy/sell instantly at best available price.
- Limit Order: You set the price and wait to be filled.
- Position Size: How much of your account you're risking. It's not about “how many shares” — it’s about “how much risk.”
Need help understanding more terms? Check the Glossary tab in the journal.
🎮 Your Mission
Place one small trade. It can be on a simulator or with $10(RISK ONLY WHAT YOU CAN AFFORD TO LOSE). Your goal: understand how it feels to go from observer to participant.
- ✅ Pick your asset
- ✅ Choose market or limit order
- ✅ Record your reasoning, size, entry, and emotions
Use the trading journal to track the whole experience. This habit will compound faster than any trade return ever could.
Next up — learn to read charts 📊