The 6 Trading Rules I Learned From 1 Year of Losses

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  • Опубліковано 15 гру 2024

КОМЕНТАРІ • 148

  • @smbcapital
    @smbcapital  Рік тому +8

    SMB Capital Trading Workshop tinyurl.com/yjxccx46

    • @rakeshsolanki2342
      @rakeshsolanki2342 Рік тому

      I m trading for couple of years continuously, not successful, but I m working on my unique small time frame scalping with risk management with high levarage strategy...hope all goes well....any way I really want to join SMB...I'm basically forex, indices and commodity trader......

  • @tonysilke
    @tonysilke Рік тому +432

    With so few stocks driving up the latest rally and the majority of "traders" looking to "get rich quick" as the shin comes off those profits, it's time to realize "you'll never go broke taking profits." Buffett is also selling! I'm still uncertain about selling my $200k portfolio, considering its recent significant decline.

    • @Dannyholt33
      @Dannyholt33 Рік тому +1

      Don't sell; avoiding trying to time the market and incurring unnecessary taxes. Stay grounded and focus on the long term!

    • @PatrickLloyd-
      @PatrickLloyd- Рік тому +1

      That's why I've entrusted a fiduciary with my investment decisions. Many underestimate advisors until emotions lead to losses. My fiduciary crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to $700k, generating sufficient dividends for my household's needs.

    • @hankmarks69
      @hankmarks69 Рік тому +1

      Hey there, my retirement portfolio has been underperforming recently, and I'm considering a strategy change with the help of an advisėr. Is it possible to get in touch with your advisėr?

    • @PatrickLloyd-
      @PatrickLloyd- Рік тому +1

      'Vivian Carol Gioia' deserves credit as one of the finest portfolio managers in the industry. Her reputation precedes her, and I highly recommend looking her up to locate her online if you are internet-savvy.

    • @hankmarks69
      @hankmarks69 Рік тому +1

      Thanks for this. I curiously searched for her full name and her website came first. I looked through her credentials and did my due diligence before contacting her. Once again many thanks

  • @sam229a
    @sam229a Рік тому +6

    Justin’s trading rules
    1. Using the correct stop. 2:32
    2. Avoid “death” by 1000 cuts via the 3 strikes rule. 4:33
    3. No Trading Midday. 6:28
    4. Trading in the direction of VWAP. 8:35
    5. Setting Price alerts. 11:17
    6. Only trading stocks in play. 12:22

  • @christopherk7920
    @christopherk7920 Рік тому +4

    a) Know when to get out before you even get in b) do not take another trade until the current one has SL at BE has changed much of how I trade the FX mkt. The 3 strikes rule is a way to prevent you from over and/or revenge trading. Wonderful advice there and thank you

  • @jprivasb
    @jprivasb Рік тому +12

    I am a living and walking proof of the SMB process, specifically of Justin's teachings and coaching. He is a great trader and one of the best trading coaches I have seen in the industry. I am the trader I am today because of Justins's guidance. Thanks to his mentoring, I am a profitable trader. Even at my stage, I still seek his advice and recommendations, like those in this video.
    Trading is a challenging but rewarding profession. Trying to do this alone is insane. Every professional athlete in any discipline has a coach, and trading is no different. Justin has been mine, and I will continue to seek his guidance until I stop trading. There are more Coaches at SMB, and I bet you all have the pros and cons, but one thing is for sure: a great Firm is backing up them full of resources that will help you at any time, at any stage of your trading career. Thank you, Justin and SMB.

  • @entrepreneurialjunkie
    @entrepreneurialjunkie Рік тому +1

    After reading The Playbook, I'm doing all of this now. Love all of the real, factual educational content! You've helped me tremendously.

  • @guillaumerosselet1303
    @guillaumerosselet1303 Рік тому +7

    Trade the direction of the vwap. I do the same with the 50SMA always trade in its direction regardless how enticing reversal opportunities may be.

  • @sanfrantrader
    @sanfrantrader Рік тому +12

    Absolutely love the B-Roll footage of the traders actually trading while they speak. Much more of that please!

  • @Jennyuk1
    @Jennyuk1 Рік тому +408

    Stocks extended their year-to-date rally following the CPI report, with the S&P 500 last up 0.8% in afternoon trading. but I don't know if stocks will quickly rebound, continue to pull back or move sideways for a few weeks, or if conditions will rapidly deteriorate.I am under pressure to grow my reserve of $250k.

    • @Lettyogle
      @Lettyogle Рік тому

      Picking stocks is a risky thing to do, particularly for non-professionals. I learnt that in 2020, when I lost almost everything. But I switched to using a financial advisor and I've been returning at least $38k every month so I’ve been sticking to investing via an Advisor.

    • @gracegomez109
      @gracegomez109 Рік тому

      I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

    • @Lettyogle
      @Lettyogle Рік тому

      LINDA PEREZ LEWIS
      That’s my licesed Financial advisor you can easily look her up, Thank me later!

    • @gracegomez109
      @gracegomez109 Рік тому

      Thanks, I merely looked her up on Google and was highly impressed by her credentials; I got in touch with her because I need all the help I can get. I just set up phone call.

    • @Mjall2
      @Mjall2 Рік тому

      Write options with high delta

  • @ericstone4624
    @ericstone4624 Рік тому +63

    Thank you Justin. Always good to be reminded of simple but important concepts and rules.

  • @rnas2621
    @rnas2621 Рік тому +2

    Another outstanding analysis from Justin. He delivers the best presentations on this channel.

  • @howiesoc17
    @howiesoc17 Рік тому +5

    The 'no trading during mid-day lull' is a big one. Trying to hop on a market move doesn't work nearly as well with the low volume during lunch. I find myself overtrading and getting beat up by the bid/ask spread more often than not. Even when I squeeze some profit out of lunch, it is rarely worth the time and mental strain required to do it.

  • @anthonynewgent8004
    @anthonynewgent8004 Рік тому +2

    I wish I were a young man again. This is what trading is about. Justin thanks for laying it on the line.

  • @thealternativecontrarian9936
    @thealternativecontrarian9936 Рік тому +2

    You created some rules that are common and disciplined and recommitted yourself. Nice work.

  • @MrGchiasson
    @MrGchiasson Рік тому

    Did the same thing...'bottomed out' and stopped trading for a year..
    So...studying methods..as you describe...will begin trading again in a month.
    Great 'info-video'.

  • @KT-zx9jr
    @KT-zx9jr Рік тому +2

    Nice clip Mike and Justin.. Clean. Hope you are well. Awesome "risk on" day today. Thanks.

  • @TBradFashionModel
    @TBradFashionModel Рік тому +2

    setting alerts is a must.....

  • @leandrosilva6414
    @leandrosilva6414 6 місяців тому

    Loving this videos! So much great info here! Thanks SMB!

  • @yoginacharya2150
    @yoginacharya2150 Рік тому +1

    Thank you for sharing. Awesome job Justin👏

  • @silentbullet2023
    @silentbullet2023 Рік тому +1

    Thank you taking the time to enlighten us.

  • @mehmetpark
    @mehmetpark 8 місяців тому

    Really good advices, they definitely resonate with me. Thank you

  • @lightofmylife1616
    @lightofmylife1616 Рік тому +1

    what is the reasoning behind only trading stocks in play? Do the HFT machines shut off only when the stock has elevated volume?

  • @DeltaScalper
    @DeltaScalper Рік тому +1

    What is the company good for if trader has to figure the whole thing out on his own ?

  • @sohailhines
    @sohailhines Рік тому +5

    Always enjoy content from SMB Capital but this one was especially valuable and relatable. One question (please) - what's the exact anchor point (time) from previous day? Thank you.

  • @juaneknath14
    @juaneknath14 Рік тому

    very useful and helpful video thank you I am still learning in the nusantara fx community

  • @apathyreview3964
    @apathyreview3964 Рік тому

    Algo trader here. 90 percent of most firms volume is from algo trading. Just wondering if it's the same with you guys.

  • @MrSmokinBeats
    @MrSmokinBeats Рік тому

    Fantastic video, towards the end Justin mentions another video and in the top corner it pops up Title Most Important Trading Skill. I cannot find this video, or see a link to it on the screen. Confused after a long day trading. But like everyone else love the content SMB provide, so thank you very, very much, all of you at SMB...

    • @smbcapital
      @smbcapital  Рік тому +2

      here is the video: ua-cam.com/video/edbzOXsdb8M/v-deo.html

    • @MrSmokinBeats
      @MrSmokinBeats Рік тому

      Super thank you, I will watch it when I finish for the day..@@smbcapital

  • @oceanwave4142
    @oceanwave4142 11 місяців тому

    Why do you not trade something more scalable like the indices or gold?

  • @_MTFA
    @_MTFA Рік тому +5

    I have ran data for 3 years now and traded my strategy for about 2 with good success. Though I find I am by far my worst enemy. I will have a good 2 week run on winning trades and often get complacent and see a set up that has just 1 of my rules unmet and bam I take a hit. The data of my strat is very good with a very high hit rate when one appears "though not every day". I feel like I have done all the work yet lack one key trait. Discipline, more specifically long term discipline. I dont care much about the money trading offers for me its more that I want to see my personal progression in this Journey

  • @helloworld6330
    @helloworld6330 Рік тому +7

    I think we have a poet here. A writer career could have been even more epic 😊

    • @danielgarrett4230
      @danielgarrett4230 Рік тому +3

      Well said. Never seen someone try so hard to not look like their reading a teleprompter.

    • @Josh-Jones
      @Josh-Jones Рік тому +1

      ​@@danielgarrett4230
      "they're" .. if you're going to insult someone giving out free information that you could benefit from, at least insult them with correct spelling and grammar.

    • @rnas2621
      @rnas2621 Рік тому

      Who are you referring to? If Justin, he would be referring back to his own notes, not someone else's. What's the point of memorizing all that someone wants to share in a presentation. Wouldn't it be more benefitial for the listener/audience if the presenter followed their bullet points/outline, to make sure they've covered all they intended to share?

  • @AssyrianTrader
    @AssyrianTrader Рік тому +9

    All these guys you bring on always speak about the same thing. Use a stop loss, trade what’s in play and etc…. But none of this matter if you are not thinking correctly about trading. They way you think will determine your equity curve. Understand that every price movement is completely random. There is no way to 100% predict the next move up or down. Same thing goes with your next trade. There is no way to know if it will work or fail. All we can control is our stop loss and profit taking. Make your position size ,stop loss and profit target predefined and I Guarantee You that you will find the result’s your looking for.

  • @billymoore1795
    @billymoore1795 4 місяці тому +1

    $ULTA 9/16 with size in my opinion !!! Calls

  • @cal4865
    @cal4865 4 місяці тому +2

    Last play $SMCI back to 1000 earnings 8 Days not calling plays from pre market but a scan I developed!!!

  • @cal4865
    @cal4865 4 місяці тому +1

    Forgot about $LYFT tomorrow might be another $UBER 3M out! Size November options in my opinion!

  • @billymoore1795
    @billymoore1795 4 місяці тому +1

    $CYBR earnings 8/8 morning strong possibility to beat!!! Would buy @Open tommorow!!

  • @cal4865
    @cal4865 4 місяці тому +1

    I’m liking $PODD to beat earnings today what u think!!🤔 could do a $LLY risky though!

  • @TheBlueskyson
    @TheBlueskyson 9 місяців тому

    Hi crew. is VWAP useful on higher time frames such as Daily and 4 hour? ty 4 interesting vid. Good job Justin

  • @jameslinmd
    @jameslinmd Рік тому

    Only losing the first year of trading? You are ahead of most newbie traders.

  • @cal4865
    @cal4865 3 місяці тому +1

    Bottom levels buy now in my opinion after earnings 11/6 $ELF 25M !!!

  • @cal4865
    @cal4865 4 місяці тому +1

    $DIS bottom tip : Go out after next earnings today with 50M !!!

  • @leeles
    @leeles Рік тому +1

    Thank you for sharing your experiences and insights, Justin. This is very helpful and well-explained.

  • @Juandinggong
    @Juandinggong Рік тому

    I have hit the rock bottom!! I do one good day and three terrible days!!

  • @cal4865
    @cal4865 4 місяці тому +1

    $DDOG earnings morning calls might run today!!

  • @AlanTrades
    @AlanTrades Рік тому +1

    3 trades 3 chances works for me, thanks pdt!

  • @blackmancer
    @blackmancer Рік тому

    Thanks for the knowledge!
    Also.... VWAP... really... :)

  • @Amwatson801
    @Amwatson801 Рік тому

    Glad to see Justin back and looking forward to a continuation of the bar-by-bar series!

  • @pcmendes1973
    @pcmendes1973 Рік тому

    The video link isn’t working

  • @chilatelover
    @chilatelover Рік тому +1

    Thank you Justin and SMB. Notes taken. Between this and Lance's videos I'll be going platinum soon

  • @cal4865
    @cal4865 4 місяці тому +1

    $C is way below the lower Bollinger band Strong Buy Now after next earnings 11/15 calls in my opinion!!! It can’t stay there!!!

  • @Countstep0099
    @Countstep0099 Рік тому +48

    After a rally that defied high interest rates and recession calls, stock valuations are now edging toward levels seen before some of the greatest market meltdowns in history My portfolio has been dwindling despite the S&P 500 doing well. It's frustrating. About 30% of my $580K portfolio has been lost in 4 months. How do I turn this around?

    • @Petroguest-i4g
      @Petroguest-i4g Рік тому +2

      In my books not your fault, the stock market seems to be more of a casino for gamblers now than a place for investors.Its your duty to properly research, buying now does not guarantee a rebound

    • @wealthychronicle-i1u
      @wealthychronicle-i1u Рік тому +1

      Having an investment adviser is the best way to go about the stock market right now, especially for near retirees, I've been in touch with a coach for awhile now and I made over $800K from an initial 450K since Q2

    • @Defisher
      @Defisher Рік тому +1

      How do I find this financial counselor ?

    • @wealthychronicle-i1u
      @wealthychronicle-i1u Рік тому +4

      I've shuffled through a few advisors in the past, but settled with 'Nicole Desiree Simon' her service is exemplary. I'd suggest you research her further on your browser, sure you'll find her basic info.

    • @Defisher
      @Defisher Рік тому

      Thank you for this tip. it was easy to find your mentor. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé

  • @theccieguy
    @theccieguy 7 місяців тому

    Thanks.

  • @cal4865
    @cal4865 4 місяці тому +1

    $TKO beat could get some juice after open!!!

  • @richardnisaf3062
    @richardnisaf3062 Рік тому

    😮,thx for this information

  • @christopherbrooks5206
    @christopherbrooks5206 Рік тому

    Love trading spx

  • @MichaelChean
    @MichaelChean Рік тому +2

    Great video!

  • @prettybrwneyez7757
    @prettybrwneyez7757 Рік тому +1

    This was great! Thank you ❤

  • @cal4865
    @cal4865 4 місяці тому +1

    $Coin beat today aftermarket in my opinion

  • @reallyeasy5088
    @reallyeasy5088 Рік тому +3

    I love this channel

  • @us00099
    @us00099 Рік тому

    uper or lower bnb ta best

  • @jopronyc837
    @jopronyc837 Рік тому

    i could really work ms&b ? that would
    be life changing

  • @thecaptain3068
    @thecaptain3068 Рік тому +1

    Sounds like a days of our lives drama tv show.

  • @isaacgallarin6008
    @isaacgallarin6008 Рік тому +1

    Very interested in joining SMB! Will sign up! :)

  • @cal4865
    @cal4865 4 місяці тому

    $MDB $WM potential upside!!

  • @user-zs6qf5uj5m
    @user-zs6qf5uj5m Рік тому +2

    Thanks bud for keeping us financially Educated! Regardless of how bad it gets on the economy, I still make over $19,000 every single week...

  • @cal4865
    @cal4865 4 місяці тому +1

    Banks today in play $GS $JPM

  • @andrewjankowski5153
    @andrewjankowski5153 Рік тому +1

    ❤ you bella

  • @bossman1958
    @bossman1958 Рік тому +3

    First like first comment !

  • @holfytempowerment5609
    @holfytempowerment5609 Рік тому +1

    Excellent content

  • @orderflowdojo
    @orderflowdojo Рік тому +2

    Slap the bid and study the order flow 📉

  • @cal4865
    @cal4865 4 місяці тому +1

    $GPN Strong Buy today after earnings November options!!! 25M in my opinion!!!

  • @cal4865
    @cal4865 4 місяці тому +1

    Buying $PINS at these levels 1/17/25 50M

  • @mintech1000
    @mintech1000 Рік тому +1

    so happy for you Justin

  • @MrSimonw58
    @MrSimonw58 Рік тому +2

    1 entire year of losing .... wow

  • @sartajbhullar3782
    @sartajbhullar3782 Рік тому

    if someone knows how to make money they never disclose it to others . Simple as that

  • @bpenguin
    @bpenguin Рік тому +1

    How are traders allowed to lose for a year straight at SMB of all places?

    • @ryugurena3327
      @ryugurena3327 Рік тому

      I think they start them off with small amounts of money

    • @connormcchicken5915
      @connormcchicken5915 Рік тому

      Also, are these guys on payroll?

    • @smbcapital
      @smbcapital  Рік тому +1

      traders are paid initially. None of the traders fund their own accounts. The firm does that for them

    • @bpenguin
      @bpenguin Рік тому

      no. My understanding is they have to do well to make money.@@connormcchicken5915

  • @colincole7075
    @colincole7075 Рік тому

    You got four computer screens in front of you which you can't do that on a mobile phone 😂

  • @pmtix9819
    @pmtix9819 Рік тому +1

    damn yall are legit greatness. put me in coach!!

  • @paul-ku
    @paul-ku Рік тому

    chat gpt generated text script, it sounds so boring

  • @Optiontrader61
    @Optiontrader61 Рік тому

    1 year of losses. That's nothing. I'm way beyond 1 year of losses.

  • @Jesus_christ_is_Lord_7
    @Jesus_christ_is_Lord_7 Рік тому +1

    WOW Justins really focusing on them cue cards on the side really well on this fake story :( shame.

    • @JustinSperoSMB
      @JustinSperoSMB Рік тому

      It's 100% a true story and yes I'm reading from a script that I wrote. Thanks for watching!

  • @adamcannon7776
    @adamcannon7776 Рік тому

    😅lol this video complicates trading and seems outdated, you can scalpe the 1 min or 5 using basic price action/ smart money principles and as long as you stick to a proper RR kill it

  • @tbremard
    @tbremard Рік тому

    This speach presented as testimonial, is just smelling 200%non authentic and 100% hidden marketing promotion for their workshop targeting poorly educated retailers

  • @PAYDAYHEDGE
    @PAYDAYHEDGE Рік тому

    is he reading out of a script

  • @Kiwi_Dave
    @Kiwi_Dave Рік тому

    Not very convincing any of this is true when he is just reading a script.

  • @BagHolder323
    @BagHolder323 10 місяців тому

    Why do these guys always read from a teleprompter? Tell us in your own words. # nocred

  • @MrJustoverissimo
    @MrJustoverissimo Рік тому

    Hahahahahah 😂

  • @angisworld8129
    @angisworld8129 Рік тому +1

    This actor needs to read his skript ----- zzzzzz

  • @cal4865
    @cal4865 4 місяці тому +1

    $EW $LW $CMG $SWK $JPM

  • @cal4865
    @cal4865 4 місяці тому +1

    $ABT $CL $TLT $TMF $KVUE potential calls in play!

  • @cal4865
    @cal4865 4 місяці тому +1

    $GLD $NICE $BABA $BIDU $AMAT : Watching today!!

  • @cal4865
    @cal4865 4 місяці тому +1

    Possible earnings beat in morning $EVRG $LEGN $SATS $AMRX $PGY !!!

  • @cal4865
    @cal4865 4 місяці тому +1

    $GNTX $RAMP $TME $CVS $HAE $MSGS

  • @Jaysnipes
    @Jaysnipes Рік тому +1

    Great video! 🎯