On my first day, my main focus was understanding candlesticks and starting to see how they form the foundation of reading price action in day trading. Candlestick charts are a visual representation of price movement over a specific period. Each candlestick has a “body” showing the opening and closing prices, and “wicks” or “shadows” showing the highest and lowest prices reached during that period. Green (or white) candles indicate the price closed higher than it opened, while red (or black) candles mean the price closed lower than it opened. I learned that the size and shape of both the body and the wicks tell a story about market sentiment. A long lower wick often shows that buyers stepped in after sellers pushed the price down, while a long upper wick can indicate sellers overpowering buyers after an attempted push upward. Small bodies (dojis) can show indecision, whereas large bodies can signal strong momentum in a particular direction. To deepen my understanding, I watched the first hour of the TJR 5-hour trading video. This covered the psychology behind each candle, how patterns form, and why these patterns can signal potential reversals or continuations in the market. It introduced me to common candlestick patterns such as hammers, shooting stars, engulfing patterns, and dojis — not just as shapes, but as reflections of trader behavior and market psychology. I also began familiarizing myself with my trading platform and historical charts, pausing at random points to identify possible setups and predict the next candle. While I didn’t trade today, I focused on observation and note-taking. The goal was to understand the basic language of candlesticks before attempting to make decisions in a live market. This first day made it clear that learning candlesticks is not just about memorizing patterns — it’s about developing the ability to interpret market sentiment and momentum from price action. #daytrading #day1 - @eleganttrades