The 3 essential trading approaches I wish I knew in my earlier 20s.
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- Опубліковано 30 тра 2024
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I love the little editor cuts and edits
great video helps a lot im a 15 year old kid that is starting trading ive been studying your patterns for the past 3 months i hope you put more videos like this
1. a 75%-85% win rate strategy is nearly impossible, don't aim for this. You can be profitable with a 40% winning strategy, but you MUST incorporate risk management like he has mentioned; NEVER let your losses go below 1-2% on any given trade, ever.
2. Backtest, backtest, then backtest some more. Even after backtesting a strategy hundreds of times, you won't be fully prepared for live trades, but you can at least maximize your chances.
3. Patience is absolutely KEY. I've rushed into many trades and been stopped out because I didn't wait for the proper entry. KNOW what the proper entry signs are, and stick to them no matter what. Sometimes you'll be waiting hours to find the correct entry; have multiple tickers on the go to keep you busy.
GOOD LUCK!
What are some high win rate strategies though
@@aigo24 that's the things that gurus never tell you (and probably they don't know themselves), and most of the strategies out there are just with 40% winning rate, and the risk-reward is probably no better than 1:1, long term losing strategies for all..
90% of day traders lose money, and 7- 80% of long term investors make money. But everyone wants to be the 10% and make quick money
Thank you Steven. Writing notes down and learning.
love the new background
Risk Mgt is really important. Best lecture/advice... Thanks Steven.
Thank you Steven
Thank you so much Steven.these videos are so helpful.please keep uploading more videos.
Can you give some concrete examples? These are very vague,especially for beginers. Maybe some step by step way to set a strategy. Thank you
Get exposed to various trading strategies, track the things that are important to you making trades as a day trader ,for example, you could get started by tracking trading halts. Did stock go higher after halt resume , lower? What was the price of stock? Float ? News? Etc that's kinda an example of things you want ask when tracking. Excel is good for tracking stats, Evernote is good for taking screen shots of strategies in action. Good luck and stay curious about the markets if you want to succeed.
People replying to your comment are telling more about how to trade than the video did. Maybe he should do some tutorial videos on different strategies, like how he scalps, or determines the 1:1, 1:2, 1:3 ratios. I was also frustrated watching something for "newbies" that expects you to know the lingo, or the mechanics.
He may be a good trader but a lousy teacher. It’s reward to risk meaning you want to potentially win(reward) 3 times the amount you put on risk. A good money management system is only risk 1% of your total capital so if you have 10000 dollars the maximum you want to potentially lose(risk) on each trade is $100. Now the amount of shares you take depends on where you set your stoploss and should be below a support level for long strategy or above resistance if you short the stock. If a stock costs $100 and you see support at 99.5 you put your stop at 99 for simplicity. For a $1 risk you can buy 100 shares. For the 1:3 example your profit target would then be 103 or a $300 profit.
A beginner here. I totally agree with ya
Candy S go to his website he does classes 🙄
We want a house tour Steven!!!
Hell yea we do!!
too big .
still shooting.
No, no. House tour after you start you energy company...
Good Advice Steven!!!
Your content is fireee
thank you
Always happy to look for your trading content. Thanks, brother.
Thank you Steven super helpful
Excellent advices Steven. Thx
When tracking statistics , do you back test or no due to change of market trends and pattern trends.
Thank you Steven 🙏❤️🤗
Good work Steven. Thanks.
Love your videos
Amazing vid advice as always
Awesome guidance!!
Thx
Thank you, Steven. Also here writing notes. And I'm also reporting all of the fake twitter accounts to help get them taken down. we'll get 'em!
Ty. Pls do more video for beginners.
Steven, tysm for your videos!!!
Last week i was green everyday and got a profit of 48%!
(no it's not paper traded)
Hey Xiuxan, what do you think about tradezero? commission etc and if there is any better option than this
Great stuff, but can you give some examples of the high winning percentage setups/strats that happen often(especially for long setup)?
Thanks Steven Dux! For your next video, can you show how you get the winning percentage?
Thanks Steven for your awesome tips for beginners. How do you determine a ticker has 70-85% winning ratio? is it like adding catalyst, technical chart, etc? or what are the conditions that it needs to meet? do you have a video explaining this please?
Thanks
This is exactly where I am at now Steven trying to understand and create and edge that works for me much to learn lol the bloopers though 😅
Can you do a video on how exactly do you set your stops? For example, if a stock has a level at 5, and you are going long, how exactly do you set stop?
There are several ways I use, set a hard stop so once that price is printed at level 2, you are stopped out. The downside is that you can really easily get taken out and price a lot of time immediately reversed.
The other way is 2 candle stop. You set a mental stop price and if it hit it, you dont take it out until the second minute candle is formed and still below your stop price. You cannot get shaken out like this but you may be killed if its a straight crack down.
Steven I want to get into Day Trading. I have 25k to start but I need the education so which of your courses should I purchase 1st?
1:20 Steven that doesn't make sense, risk/reward is the second question you should know, 70% winning rate doesn't mean nothing by itself
Very helpful!!!!
You are genius.
I appreciate all the little tips he's been giving. I wish I knew beforehand everyone didn't really like Robinhood for beginners because my friend got me into it already. With that being said I'm trying to find the right brokerage for me and I haven't really found a video that goes more in depth on which ones would be more fitting for different levels of traders. I see him using tradezero and interactive brokers but how would one decide on one specifically? What should I be looking for the most?
How's lightspeed trading for short selling? I have IB and E-Trade and they never have shares to short.
I'm considering opening account there instead
great value.
Love your video 🙏👍🎉
Hi Steve... Can I ask what platform/brooker you use?
How do you find out the winning percentage?
Id like to see more in depth video on ibkr, thanks & you're cool😎
please release the full version of your outro song. I love it
I’m here!
which daytrading platform do you guys use ? I am a newbie. Help please?
Nice video
Question to you Steven or anyone !! TOS is not working again today. I've been with them for years but time to make a change. So what Broker do you use for any recommend ??? I have lost faith in TOS now. Thanks in Advance.
Can you go over some buy patterns?
Can I use a ti-84 to find my best strategy?
How are you using TradeZero if you’re located in the US?
The real strategy would be to own a brokerage and collect those fees
That would require you to make enough money first, you dumbfuck
m here for the comment.
Could you do a video on intraday ABCD Pattern?
Thanks
HEY, i think we might need a video regarding swing short or short holding....
Hi Steven, have you used DAS Trader Pro before? If yes, can you give us a comparison of NinjaTrader vs DAS Pro? Thanks!
Is td ameritrade free? Is think or swim free?
Are your courses only for short sellers?
Which long pattern has the highest winning percentage? I’ve been studying dip buys stocks that fall very quickly after premarket gains.
Dip buying on huge market with with crazy drops like amazon or pre market break out with good news (10+times float rotation estimate)
you hetav o remember one thing tho steven. 1:1 risk is very underrated. 1:1 setups generally have the highest win rate, you have to keep that in mind. And there are a lot lot lot more 1:1 setups than 1:2 and 1:3. I love 1:1 setups and trade them alllll the time.
what program you use
Should anyone start with scalping at the beginning of trading career ????
- Take 1:2, 1:3 risk, reward. 1:1 is very risky. Only take 1:1 if 85% winning percentage. Take winning percentage first, otherwise possibility of getting emotional.
Do you short above vwap?
Hey steven, did you trade OTCs in your beginning? I see they usually have much higher volumes than small cap nasdaq stocks, right?
He did, he studied under Tim Sykes at first. Check out his first interview Steve did with Tim Sykes. That's how I found out about Steve Dux.
OTC is kinda of dead so far
the liquidity is really bad
I think the days of answering questions for you are over.
Because of the volume.
But im gonna try anyways.
Can you tell which software and what platform(s) you use?
And do you have a video about it?
mate, he literally has a video about the platforms.
he also said he uses centrepoint, cobra,interactive brokers and tradezero in this video.
If u just watch his vids completely u would've known...
@@ninjatunaish I watched this video. Cant remember him giving any recommendations.
But its ok, ive seen the other video where he answers my question.
The problem here is the strategy itself, with such a high Win % ratio. Do they produce enough trading signals ? Do they even exist ? 55% or 60% Win/Lose ratio sound realistic. How a complete newbie is supposed to find a strategy with such a high Win/Loss ratio ?
What broker is good for longs? Interactive broker needs 20k to open up a account. Broker does not have pdt i hope
You can trade on IB with 2k..
Not sure if other people are wondering, but other than being commission free, what might make Robinhood an unreliable platform? ..or rather what makes the other platforms better? Ive been doing pretty well so far on Robinhood.
How do i create a strategy like that ? that's like saying to a young martial artist - " after you win 70% percent of your fights", the master should teach him how to win the fights
I don’t know what he means by getting a strategy, like, always trade bull flag patterns? Or always do dip buying?? Isk
That’s what he means. If your strategy “pattern” is working to stick with it.
It's not just the pattern. A strategy can entail anything as long as the conditions are tangible and can be evaluated repeatedly.
Hi sir, can you teach indian students I want to lerarn from you sir plzz reply
what is pdt????????
Hey Steven did u turn 27000 into 3mln or 5mln. The reason why I'm asking is that in one video you said you turned $27,000 into 3 million but in another one into 5mln which one is true
They are both true, because the 5mil is the upgrade from his trading profits.
3 million was a while ago. He's headed to six million now
Why not use free brokerages like Robinhood?
Do you mean if I trade by 10k I'll double that emeditly by 1 to1 I don't understand actually what's 1to1 means?
Yeah he's insane the way he trades is not at all recommended imo. He's saying a 1:1 as in 100% gain in a single trade which is completely insane and rare. Highly volatile penny stocks is where you can see these 100%-1000% gainers. He shorts these overhyped pumps which allow him to have insane percentage gains. He gives good beginner info but the way he trades is not at all realistic for beginners or even intermediates
@@SixRelic
1 to 1 is the risk reward. That means if you risk 5%, eg 50 dollars you should aim to make 5% if the trade is successful. If your strategy has the right win percentage you will make consistent profit
感谢：）
Where's July and August trading recap?
Steven make a review video on Indian market and how it's different from US market..
How will he know if he doesn’t trade the Indian markets, you dumbfuck?
What fees? Tdameritrade and a bunch of other big ones are basically free now.
Jakob Folmar bid-ask spreads
@@HC-kr9qm Got ya. Spy is usually a buck or so but some of them are ridiculous. 10 dollar spreads ugh.
when is you next video coming? You seems quite!
Hey Steven, what is your official IG account?
"I wish Im still remember this 2 years later.."
Really love your voice steven. And tysm for the info. Good job! ^^
FAT brands had no trades from 9:39 to 9:47 this morning. Why would that be?
Hello you talked about and shared a contact of one Jake Higgins on your page some weeks back. I'm glad I invested with him and gained much. Thanks a lot
How can I reach him please?
@@nunyabidness5508 You can write him on WhatApp
@@nunyabidness5508 + 1 (6 1 2) 4 2 4 2 2 7 1......
@@Fred-dn5ns I've written him but no response yet
@@nunyabidness5508 He will definitely respond you. Guess he's busy at the moment
my strategy is 2:1 or 3:1 cause i always get cucked with a super tight stop loss. am i doing this wrong? im trading ES futures.
ES futures for the last few years, I only see one type of strategy / ppl that make money, it is as simple as four letters, BTFD
What about TD which is free, only issue they sell your trades to hedge funds.
What broker is good for longs under 20k? Interactive needs 20k to open
@@JC-db6oy not sure man, but have a look at trade station, they don't sell your data as much, TD Ameritrade makes over 50 mil a year on trader's data.
@@JC-db6oy I would say, use TD platform but trade with another broker
@@avitolourenco really?? They will sell trader's performancr record?
@@JC-db6oy yes, don't believe me check for yourself, robin hood and TD are the biggest sellers of trader data
Great Video Steven, I have a possible video reccomendation. "How to find a pattern and understand its probability of succession rate" Thank you!
Dux already made a video about tracking of a pattern is real
brian zhu great thank you brian 👍🏻
WTF dude, are you the one asking question in BKYI's CC?
Steven Dux The Great Intellectual Of The 21st Century
That’s literally pot odds in Poker
Nowday You are not doing analysis on any stock.... It's a long time
This is a broker advertising video that try to gain newbie customer segment from Td-Ameritrade
Why is robinhood bad?
Ahghh... you're sooo amazing and handsome and cute and soooo hardworking. Love love love STEVENNNNN ... 💞😣😣😣💞💞💞💕💕💕💕😚😚😚🦋🦋💞💞💞💞💕💕💕💕
Step 1. Find the holy grail.
TCK: LCPN .... FDA Approval 8/28/2020
So many newbies without understanding risk/reward and win rate are trying to follow the riskiest guy in trading. And nowadays newbie start with pinky sheets? lol
Dude you can’t say 1:3 only happens 30 times a year. It all depends on how tight your stop is and 1:3 should happen basically every day.
If you’d say 1:30 now maybe we’re getting close
Agreed. Totally time frame and strategy dependent.
how tf do you find such high win rate
that is non-existing unless you have years of trading record, even based on that, winning rates could change any time. There's never a 100-year stable winning rate for even the exact same strategy. And no strategy is as old as 100 years to prove its stable winning rate.
Statistics 102......