How I Stay Patient When Day Trading Futures
Вставка
- Опубліковано 22 кві 2023
- 🎓 Trade with me: www.firesidetrading.com/
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Michael explores the importance of patience in day trading and how it can help relax the mind, simplify analysis, and boost results.
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DISCLAIMER: These videos are for educational and entertainment purposes only. There are inherent risks associated with investing in securities and other financial instruments. Please carefully consider whether trading is suitable for you given your current circumstances, knowledge, and financial situation.
#DayTrading #FiresideTrading #MichaelChin
Bad year for me, META down 40k, ALLP down 35k, Draft Kings down 6k, NIO down 15K, ABML down 8k, and my wife doesn’t know. I'm just hanging on to Jim Cramer's words about opportunities in volatile times so perhaps, I either wait for a recovery or pick profitable investments to substitute for my loss.
Quite frankly there are actually ways to make high yields amidst volatile times, but such trades are best done under the supervision of a portfolio-coach.
I agree with Natasha on having a portfolio coach, also patience is your best friend here. I'm a huge investor and cant afford to take the risk of investing by my knowledge, rather my portfolio is overseen by a license advisor, since late 2019 amidst rona-outbreak till date. I'm only about $86k short of closing in a $1m ROI
@@AshtonGrace magnificent! can you please share more info on the coach that guides you? really could save me much Lady,
@@MariusNatt Cant divulge much, her name is "Maria Teresa Tyler" most likely, the internet is where to find her basic info, kindly research.
@@AshtonGrace thanks a bunch for saving me backward and forward hours of researching the mrkts, I just copied and pasted Maria"s full name on my browser, and her site appeared top search, no nonsense at all. She looks impeccable.
If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance,but if you want to make your money work for you...prevent inflation
Jane Roy is the woman I’ve been trading my coins with for the past few months I started with her last year
To obtain a financial freedom, One needs to be a business owner, an investor, or both,generating passive income, particularly on a monthly basis
Over here, I lost alot of my savings which I will never try anymore.
I’m such an idiot if I think about what I did trading on my own with no professional guide
Please I have been hearing about this trader Jane Roy from colleagues. How do I easily reach out?
She’s very active on Whats~App that’s where I met her.
nice to see you posting videos again!
Live the new training style. Thank you for the value you provide!
Love. :/
your scalping videos got me to realize how easy it was to do this and i started to see big moves and thought i could do that too. nice to see you doing the big moves now too
I'm glad you are down to earth and explain how trading really is.
Thank you, learned a lot
Thank you brother 😊
Thanks for the insight. Helps me understand the market a bit more. :)
Thank you 🎉❤
your the man, keep it up.
Welcome back sir... After a loong time.. It's been 3 years. Just saw your name in the utube notification. I was like hey this dude looks familiar. 😊
Great Advice!
Wow Michael Chin, you're finally back.
wow thanks cool very helpful
where have you been Michael. Haven't seen you on UA-cam for a long time! happy to be back!
@6:00 Been trading full time for over 20+ years- he is so right about context switching. When you're looking at charts after the fact or paper trading you might not think so, but after you've had money at risk in one direction making the switch right away is tough. But it's ok, because you only really need one good trade every day anyway.
For a long time to see your video again...Do you just trade in some hours before working in the office or change to a full-time trader?
Good t2 c ur back 🔥
damn man, i'm learning from here, i have never learned that much from anywhere else. Thanks ❤❤
I really appreciate the dedication in each video you post, I was able to build a big income stream investing with Mrs Katherine Flores
wow.. amazing to see others who trade with Mrs Katherine Flores, i'm currently on my 5th trade with her and my portfolio has grown tremendously.
I invest with Mrs Katherine Flores too, she charges a 20%commission on profit made after every trading session which is fair compare to the effort she put in to make huge profits.
this is not the first time i am hearing of Mrs Katherine Flores and her exploits in the trading world but i have no idea how to reach her.
As a first time investor I started trading with her, with just a thousand bucks. my portfolio is worth much more that now within just weeks of trading with her.
With the consistent weekly profits I'm getting investing with Mrs Flores, there's no doubt she is the most reliable in the market. such a genius
\love your videos, please make more ..
Hi Michael, thanks for your videos. I don’t invest futures right now. I am able to follow your idea to spot the entry opportunities but the move within the range is not able to generate enough profit. Is that because you are buying/selling futures?
What program did you use to code your bot ? And broker? Good your back 👍
Vid on this be great 👍
Hello, I'm just getting into futures and trading in general. It would be nice if you could make a video that is a traders test. Something where you put a scenario/ chart up and say what do you see, would you enter or not. pause video and write down your answer. I need something I can repeat or watch over and over again. This would be awesome with your plethora of knowledge. Thank you
Good to see you back michael. I thought you'd never comeback lol
Super insightful! Much appreciated! 🙏
Good 👍
I don't see any times or dates on your charts. Could you tell me what time frame you use?
Thanks, 👍👍👍
Email not work connect .
Hey Michael! You mentioned you were on the west coast! Any chance you're from Canada? :D
Hello! What time frame are you using?
6:25 you can practice this by going into demo mode and be ‘always in’ i.e. you must always be long or short.
What time frame you trade on ?
HEY THANK YOU FOR THE VIDEO,WISH BROKER DO YOU USE
What trading platform is this that displays real time p/l within the chart?
How do I know if you are trading live?
Thanks for the good video. Very informative. I agree, patience is key.
These up/down candle pattern with a flat EMA is quite common I used to play these, but this is a low reward/high risk senario. MUCH better off waiting for an actual trend to form before making a move. Just my 2 cents.
Is this still a 1 min chart ?
what timeframe you entering?
Hey Michael - what platform are you trading on in this video?
In all of his previous videos he is using ninjatrader8, so I believe that is what he is using for this video too.
🤘
The trade room Army
so you use a trading bot? of you do, what's the name? thanks
I’m 50 years old living in California.I’m hoping to retire at 55 if things keep going well for me. Bought my third house last month and I can’t be more proud than I’m today. I’m glad I made a great decision about my finances that changed me forever
Congratulations you are really doing well at your age.I’m 43 my finances are in a mess right now, any great tips would really go a long well in shaping my life. Would love to fix my financial life and buy a house too
Creating multiple sources of income is highly rewarding, start some investments as It helps in planning adequately for the future.
I actually came here to learn how to invest after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k, when is the best time to start investing, I'm a newbie and I'm open to ideas.
Yes exactly, and this is the perfect time, don't wait until the market skyrocket again then you start biting your fingers wishing you made the decision to invest. bought my third house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn't matter if you don't have any of them right now, you can start TODAY regardless of your age INVEST and change your future! Investing in the financial market is a grand choice I made.
Interesting, I have a lump sum doing absolutely nothing at all in my bank account, I wanna get something started with it. You seem to be doing excellent for yourself, how do you achieve this?
W trader
but its sunday how is this possible that you can trade bro? What did you trade while the market is closed?
Futures is open at 6pm EST on Sundays. If you are a trader you will know.
Your alive
I heard nothing about how you stay patient during day trading, just a review of a trade you stayed patient for. That doesn’t explain the how. I have a psychology setting that puts a big X on my screen when the market speed is too slow. This is a helpful how. Also your comments about bias need to be overcome by sim trading and becoming a robot. Trading with any bias will leave you broke eventually.
what happen to you chin.. after 3 years your back...
Do you reply to comments ? Why not switch to Algo ? It literally takes the emotion and need for patients out of the game.
If you don't have the patience to watch how I traded today, then you will never have the patience to be a trader, period.
he is just using market replay
LOL how is that a double bottom ?
I like to rip farts while I day trade 💨
May you reap the reward.
What a welcoming and attractive face! Made me click.
excellent
Dudes a con man
The scammer is back.
🤔
What's your evidence for making that accusation? Did you lose a lot of money following his advice? It's always trade at your own risk, don't trade with money you can't afford to lose, and past results don't guarantee future results. Some people will make money and some will definitely lose.
@@rupulstilskin stolen course and manipulated videos (old videos).
Is he profitable? Has he posted statements?
That shit is old bro. Pretty sure that break from UA-cam was to reinvent himself. A lot of people are rehashing that 2 legged movement. He was just the first to do it. 👑
PATsTrading. What about the Second Entry?
love from india🟠