Traders, I'm curious, what was one of your biggest losses? 👇🏼 If you're curious about mine, I share my story in this video on how I got my name, the Humbled Trader 👉🏼ua-cam.com/video/Gzz1hUBuGWI/v-deo.html
1. Remove the indicators 2. Implementation of risk management 3. Focus on charting ( look and analyse charts "mindfully") 4. Planning the trade a night before
Becoming a good trade takes time and patience. When i first got into trading i was liquidated twice, and lost my entire mortgage deposit. I could have given up, but decided to learn how to trade and put it into practice. 4 years later and i am glad i made that decision.
@@chrismillson2779 I started becoming more consistent in 3 phases, first was when i killed greed, then i became more patient, but he must important part was when i started working with ''Christine Marie Rocke'' a coach who made me understand the importance of avoiding FUD, FOMO AND HERDS mentality. with her entry and exit strategies i was able to grow $10k to $70k in 5 months in a well diversified portfolio.
@@chrismillson2779 She has been of great help and her tutelage has brought me to a higher understanding of profit generation. You can look up Christine on your browser for her page in order to reach.
Very relatable to a lot of traders! Losing is a part of it and something every trader has to go through, don't give up and keep learning. You will find what works for you, just be patient 👏🏻
another note re: risk management.... if 1%-2% is your max account risk per trade, that doesn't mean that every trade deserves that risk . Only risk your max 1-2% on the best setups only
I had someone trading for me. Well, I studied it was all my savings and I was taking for it 35k I feel so stupid. I’m going to work hard to try to learn this. All the information is a little overwhelming at first thanks to people like you. I got a fighting chance to learn on my downtime.
The problem with researching the day before is that most of those traders are done for and gone. The best seems to be before market open find the potential direction, trades and key levels.
That risk management statistical chart was REALLY HELPFUL to see in actuality. It helped me see where my system had some holes and my day to day isn't averaging out well. Going to write up my own based on your computations. Much appreciated
One of the best vids you've ever done, and that's saying a lot. While we know there is *no holy grail* for trading, you've included a lot of what it takes to succeed here. Thank you and all the best.
I like your 3 to one risk reward,,,but there is a superior approach. Risk one bar, your entry bars low or at most the prior bars low or high.....I have studied trading for 20 years and I learned this from a very very successful hedge fund trader.
Dear Shay When will you do a day in the life again? I miss that. I remember watching your day in the life like everyday P.S: you still a great trader, I love it
Great video. Thank you. Price action is definitely paramount for me. I do use several indicators but they aren’t my trigger. I use them somewhat differently than other traders I talk to. But they can be a distraction as can lots of markings on your charts. But the couple I use definitely help me when I flip between time frames. Thanks again for some great input.
But I love my MACD and SuperTrend indicators !!! I do agree though you can't solely rely on indicators and need to observe the market movements and bid ask transitions. I'm always learning and still at rank of newbie trader.
The major disadvantage of stock to control risk management is that it is hard to risk proper amount of money in large size stock price like TSLA with small account. Another tip for day trader is that everyone can prepare the last week's high and low so that we can know the the level reaches, day trader can prepare for long and short.
I think by "risk" in this video, it's referring to where you set your stop loss. Regardless of trade size, you limit your risk by setting your stop loss to appropriate range for your risk management goals. Using the example in the video, if you choose to risk $25 per trade, trade size doesn't matter - just stop out at -$25 and you have effectively managed your risk.
Thank you for keeping it real about the commitment it takes to become a successful trader. Practice, learning from your mistakes and having a system are so key. Please put up videos about how to chart for swing trading...thanks!...🤠
can you do a video about your daily routine. specifically how you are trading during the day ( ie. what times, how long, etc.} and what info exactly do you study. there is so much info out there is it very confusing for new traders
Just wonderful Humble. Two questions to start: 1. when you mention 11:00 what time zone was that?; 2. Your desk set up you have two lightings one between monitors the other side lamp. I'm having trouble picking lighting for my desk would you please share with those products and that unique chair you are sitting in. Thank you for your video I plan on watching more. :)
Biggest loss. I used to trade for a very large corporate retirement portfolio but never had significant losses. But I also traded futures for my personal account before the internet was available. At that time I meant to go short on copper. I gave the desk my trade and they executed long 🤯. I contested it and when we reviewed the recording of my trade order I had used a single word incorrectly which caused the confusion. 🤬🤬🤬. I lost about $2,200 on the trade. My trading style is something between day trading and swing trading. I generally go for moves that last a few hours to a few days. I almost always close out the trade at the end of the day. Too much can happen overnight and I’ve been burned too many times by “surprises”
Love the video. 3:1 R/R makes perfect sense. The problem I have, which I would like to suggest to you as a future video is: What are 3:1 R/R setups? Is it when hits a support level? Gap-and-Go? Which ones offer 3:1? Thank you.
I'm a female 42 years old and of My dream is to become a successful day trader. Unfortunately that hasn't happened. I did really well on bull market but this market I have lost a lot money. I will keep watching your videos. Thank you🙏
i use indicators and they work just fine for me, but its just one. Tells me clearly my exits and entries based on candle colors. As a visual learner this was crucial for me.
Nice video especially about risk management. The line for Joe's indicator shop is a mile long and most people don't know what risk management and a stop loss is lol!!! I see people get decimated without one everyday... Minimizing losses is rule 1, 2 and 3. Also paper trade it until you perfect it.
it remind so much about betting football 90% or higher lose on betting but those people that really study and prepare a day before have way higher change of wining
I love you girl! with all respect. You are the best, I'm your biggest fan. I can't wait to start your mentorship soon. You'll be hearing from me soon... Love you girl.... keep it up!!!
Truely understanding and accepting risk mixed with learning about how probability’s and random outcomes work and working on your psychology aka listening to mark Douglas is what you should do as a new trader . All this stuff your talking about comes like second to that
My suggestion is to start out trading stocks you wont be disappointed to be "stuck with" or "holding the bag". By that, I mean buy stocks that arent going to go away and one's that may also pay a dividend. Companies like Chevron, Kinder Morgan, Oneok, Enbridge, Phillips 66, Apple, Microsoft, Micron, Oracle, etc. Study their price patterns, then click the button.
Beautiful view out the window. Is that Vancouver inner city? I'm Australian and considering move OS and the issues I have here with Market hours are a consideration of where I would go.
Risking $100 to make $200 - which is $300 all up. Therein, you need the stock to triple in price to reach that profit target which does not fall in the realms of day trading. I am perplexed Shay.
One problem with risk management in day trading for me is, stock most likely will not reach the target price. Example, you bought at $10, target is at $10.87 for 1:2 win rate, but stock price won't hit that target.
coz we cant predict it by any means, you can put break even to avoid lose and then let it reach your tp, in that scene you will not lose but potentially gain more profit
Traders, I'm curious, what was one of your biggest losses? 👇🏼
If you're curious about mine, I share my story in this video on how I got my name, the Humbled Trader 👉🏼ua-cam.com/video/Gzz1hUBuGWI/v-deo.html
Ma'am ...your videos are inspirational. Can we connect via email?
$121 😂
Hi! Do you have a business email?
6K on a PDUFA gamble.
Got cocky after being right 4 times in a row.
$3.50 but it wasn't to trading, the Lochness Monster show up to my house and robbed me.
1. Remove the indicators
2. Implementation of risk management
3. Focus on charting ( look and analyse charts "mindfully")
4. Planning the trade a night before
Becoming a good trade takes time and patience. When i first got into trading i was liquidated twice, and lost my entire mortgage deposit. I could have given up, but decided to learn how to trade and put it into practice. 4 years later and i am glad i made that decision.
When did start finding consistency? ..and more honest question is how long would a rough expectation be to find consistency for a new day trader?
@@chrismillson2779 I started becoming more consistent in 3 phases, first was when i killed greed, then i became more patient, but he must important part was when i started working with ''Christine Marie Rocke'' a coach who made me understand the importance of avoiding FUD, FOMO AND HERDS mentality. with her entry and exit strategies i was able to grow $10k to $70k in 5 months in a well diversified portfolio.
@@emilybrown2719 How can i get to this person that helped you?
@@chrismillson2779 She has been of great help and her tutelage has brought me to a higher understanding of profit generation. You can look up Christine on your browser for her page in order to reach.
I'm glad you kept up with it! I'm 3 years in 😊😊 we can find out niche and refine it! 💪💪
1:13 - 1. focus on price action
3:51 - 2. risk management
9:56 - 3. charting
14:19 - 4. disciplined routine
Very relatable to a lot of traders! Losing is a part of it and something every trader has to go through, don't give up and keep learning. You will find what works for you, just be patient 👏🏻
I agree. Remove the noise. Read the news. Focus on what is happening at the moment in the price action.
Love ya !
My favorite two UA-camrs no. 1 Humbled UA-camR no . 2 The Trading Geek 😊
another note re: risk management.... if 1%-2% is your max account risk per trade, that doesn't mean that every trade deserves that risk . Only risk your max 1-2% on the best setups only
The only Trader on UA-cam, who has substance, and not a history of "how I took this or that Trade"..Keep it up Canadian lady!
Thanks for ur support
Took me 4 years, now I'm big balling
I had someone trading for me. Well, I studied it was all my savings and I was taking for it 35k I feel so stupid. I’m going to work hard to try to learn this. All the information is a little overwhelming at first thanks to people like you. I got a fighting chance to learn on my downtime.
But then came along UA-cam and got you to where you are today.... But for real, you're a good teacher. Thank you.
My Favorite Teacher!
The problem with researching the day before is that most of those traders are done for and gone. The best seems to be before market open find the potential direction, trades and key levels.
@NoName day before does work in a consistently trending market.
That risk management statistical chart was REALLY HELPFUL to see in actuality. It helped me see where my system had some holes and my day to day isn't averaging out well. Going to write up my own based on your computations. Much appreciated
Maam u r an honest trader..... lots of love from India
Thanks for sharing , it is very empowering
Thanks a lot for sharing. I got so much value.
One of the best vids you've ever done, and that's saying a lot. While we know there is *no holy grail* for trading, you've included a lot of what it takes to succeed here. Thank you and all the best.
😂
The thing is price action.👍
Very true indeed!! Great information
Great Video! Risk management is NUMBER ONE. The Goal of A GROWTH CURVE in ones portfolio should be second.
Nice Tips 👌 greetings from Brazil 🇧🇷 ,👍
1 mil subs here we come!
U are my best day trader ,
I like your 3 to one risk reward,,,but there is a superior approach. Risk one bar, your entry bars low or at most the prior bars low or high.....I have studied trading for 20 years and I learned this from a very very successful hedge fund trader.
I can definitely relate, I win small and lose big, hope I will become a profitable trader like you in the long run. Thank you for this video shay!
"if you fail to plan, you are planning to fail". best line for trading
that is some good information, thank you Shay, gave you a like and see you next time💗👍👀
Very insightful video.
Your step one...price action is spot on. You should be able to see reversals wo indicators. Next use indicators to support your candlesticks.
Bless you for this
Dear Shay
When will you do a day in the life again?
I miss that. I remember watching your day in the life like everyday
P.S: you still a great trader, I love it
Maybe one day! Thanks :)
love the new intro shay, props for your videos.
Thank you, I made almost the same Experience with losses.
This was a really good video!
Merry Christmas ❤
AMAZING VIDEO
Wow. This lil vid so impactful 👏
Great video. Thank you. Price action is definitely paramount for me. I do use several indicators but they aren’t my trigger. I use them somewhat differently than other traders I talk to. But they can be a distraction as can lots of markings on your charts. But the couple I use definitely help me when I flip between time frames. Thanks again for some great input.
Great value HT.
This video is pure gold 💯
Who are you?
Keep going
But I love my MACD and SuperTrend indicators !!! I do agree though you can't solely rely on indicators and need to observe the market movements and bid ask transitions. I'm always learning and still at rank of newbie trader.
Great video and personality!! Study and get obsessed with your strategy and process….
The first one is so true . PURE PRICE ACTION
Thank you so much. Learned each time. Discipline is key.
Excellent video
Thanks for sharing your experience. 😀😀😀
Helps me alot!!! Thank you for sharing your knowledge to us. Cant. wait to see the result.❤
Once again well done and right on video.
Thanks again!
Would've liked to see some previous day examples and how they played out in the charts.....
She will never show it
The major disadvantage of stock to control risk management is that it is hard to risk proper amount of money in large size stock price like TSLA with small account. Another tip for day trader is that everyone can prepare the last week's high and low so that we can know the the level reaches, day trader can prepare for long and short.
I think by "risk" in this video, it's referring to where you set your stop loss. Regardless of trade size, you limit your risk by setting your stop loss to appropriate range for your risk management goals. Using the example in the video, if you choose to risk $25 per trade, trade size doesn't matter - just stop out at -$25 and you have effectively managed your risk.
🤟😎 💯 Great video Shay... Happy Trading!
this beautiful lady growing like a gem as a trader and as a mentor also ❤... love ur vedios 😊
Thx! Iam wait for solide Strategies 🙂
Muchas Gracias, por tus videos he aprendido mucho de ti, y estoy siendo ahora rentable, te admiro mucho.
This is a great video, Well done!
Great video, this is what I needed to hear
Thank you for keeping it real about the commitment it takes to become a successful trader. Practice, learning from your mistakes and having a system are so key. Please put up videos about how to chart for swing trading...thanks!...🤠
Thanks for your lessons, from now on, i'm learning with 0 indicators...wish me luck
All I can say is, focus on numbers,price "low and high",volume,percent if you study these method you will become a pro trader.
can you do a video about your daily routine. specifically how you are trading during the day ( ie. what times, how long, etc.} and what info exactly do you study. there is so much info out there is it very confusing for new traders
THANK YOU FOR SUCH A VALUABLE INFO YOU HAVE SHARED
Just wonderful Humble. Two questions to start: 1. when you mention 11:00 what time zone was that?; 2. Your desk set up you have two lightings one between monitors the other side lamp. I'm having trouble picking lighting for my desk would you please share with those products and that unique chair you are sitting in. Thank you for your video I plan on watching more. :)
Biggest loss. I used to trade for a very large corporate retirement portfolio but never had significant losses. But I also traded futures for my personal account before the internet was available. At that time I meant to go short on copper. I gave the desk my trade and they executed long 🤯. I contested it and when we reviewed the recording of my trade order I had used a single word incorrectly which caused the confusion. 🤬🤬🤬. I lost about $2,200 on the trade. My trading style is something between day trading and swing trading. I generally go for moves that last a few hours to a few days. I almost always close out the trade at the end of the day. Too much can happen overnight and I’ve been burned too many times by “surprises”
Super! Now a video on seeing you plan a chart for next day would be great indeed! 🎉
Buying Unity, Microsoft and Visa 🐃🚀🌖💵🤑
I like your face in the winning picture. Your side gig could be being a model. Thirsty comment of the day complete. xD
You are right dear Trader 👍🏻😇
Love the video. 3:1 R/R makes perfect sense. The problem I have, which I would like to suggest to you as a future video is: What are 3:1 R/R setups? Is it when hits a support level? Gap-and-Go? Which ones offer 3:1? Thank you.
I'm a female 42 years old and of My dream is to become a successful day trader. Unfortunately that hasn't happened. I did really well on bull market but this market I have lost a lot money. I will keep watching your videos. Thank you🙏
Love your positivity
thanks for ur support :)
Straight to the point. Thank you for sharing and have a great day! 😁
Great Video! "Trading is the hardest way to make easy money!"
i use indicators and they work just fine for me, but its just one. Tells me clearly my exits and entries based on candle colors. As a visual learner this was crucial for me.
I cracking up watching this video! loved it
Glad you enjoyed it!
You know you were practicing charting and watching price action during your 9 -7 job lol. Good video! Thanks
Your co worker loves you
Nice video especially about risk management. The line for Joe's indicator shop is a mile long and most people don't know what risk management and a stop loss is lol!!! I see people get decimated without one everyday... Minimizing losses is rule 1, 2 and 3. Also paper trade it until you perfect it.
it remind so much about betting football 90% or higher lose on betting but those people that really study and prepare a day before have way higher change of wining
Thank you Shay!
You are so welcome!
I am a master of losing. The funny thing is once I mastered losing I got way worse at it.
1M subscribers you wil reach soon 🎉🎉🎉
GOLD NUGETS - PRIMARY FOUNDATION - THANK YOU SOOOOO MUCH SHAY - ❤
Your personality is everything lol new subbie here 😊
That was very helpful, because I transitioned from an investor. I loss on SI announcement after holding the stock for months.
Love your sense of humor! Do you mind sharing your Risk management sheet please?
I love you girl! with all respect. You are the best, I'm your biggest fan. I can't wait to start your mentorship soon. You'll be hearing from me soon... Love you girl.... keep it up!!!
Thank you❤
Your videos are really helpfull thanx a lot ❤
Truely understanding and accepting risk mixed with learning about how probability’s and random outcomes work and working on your psychology aka listening to mark Douglas is what you should do as a new trader . All this stuff your talking about comes like second to that
My suggestion is to start out trading stocks you wont be disappointed to be "stuck with" or "holding the bag". By that, I mean buy stocks that arent going to go away and one's that may also pay a dividend. Companies like Chevron, Kinder Morgan, Oneok, Enbridge, Phillips 66, Apple, Microsoft, Micron, Oracle, etc. Study their price patterns, then click the button.
Love you so much❤
Beautiful view out the window. Is that Vancouver inner city? I'm Australian and considering move OS and the issues I have here with Market hours are a consideration of where I would go.
this may be one of those rare traders who actually make money.
Thank You coach
this is gold
Risking $100 to make $200 - which is $300 all up. Therein, you need the stock to triple in price to reach that profit target which does not fall in the realms of day trading. I am perplexed Shay.
One problem with risk management in day trading for me is, stock most likely will not reach the target price. Example, you bought at $10, target is at $10.87 for 1:2 win rate, but stock price won't hit that target.
It happens because nobody is right 100% of the time. Take your profit and get out.
coz we cant predict it by any means, you can put break even to avoid lose and then let it reach your tp, in that scene you will not lose but potentially gain more profit