I went from losing to WINNING trader after doing these 4 Steps
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- Опубліковано 26 чер 2024
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Are you tired of losing money day trading? Trust me, I know the feeling. For two years, I was stuck in a toxic cycle of losing money day trading, with every small win followed by a big loss. It was frustrating, and I couldn't find a way out of it. But then, I discovered four crucial steps that completely transformed my trading game.
Now, as a full-time day trader with over 8 years of experience, I've been through the ups and downs of day trading. I've had some winning days and some losing days, but I've learned from them all. I want to share my four steps with you, so that you too can become a winning and profitable day trader.
Step 1 - Read Candlesticks and Price Action
Step 2 - Implement Proper Risk Management
Step 3 - Focus on Charting
Step 4 - Consistency and Discipline
I know it's not easy to become a profitable day trader, and it took me two years of losses to get there. But trust me when I say that these steps work. After months of repetition and disciplined routines, I started to see a change in my journal. My losses became smaller than my wins, and I finally found consistency and profitability in day trading.
So let's get started! Smash that like button, and let's take the first step towards becoming a successful day trader together. Remember, day trading can be tough, but with these steps, you can become a winning and profitable day trader.
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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.
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.
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
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
Took me 4 years, now I'm big balling
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 !
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.
Helps me alot!!! Thank you for sharing your knowledge to us. Cant. wait to see the result.❤
Thank you so much. Learned each time. Discipline is key.
Thanks for sharing your experience. 😀😀😀
My favorite two UA-camrs no. 1 Humbled UA-camR no . 2 The Trading Geek 😊
1:13 - 1. focus on price action
3:51 - 2. risk management
9:56 - 3. charting
14:19 - 4. disciplined routine
THANK YOU FOR SUCH A VALUABLE INFO YOU HAVE SHARED
love the new intro shay, props for your videos.
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.
Thanks a lot for sharing. I got so much value.
Wow. This lil vid so impactful 👏
Super! Now a video on seeing you plan a chart for next day would be great indeed! 🎉
that is some good information, thank you Shay, gave you a like and see you next time💗👍👀
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
Once again well done and right on video.
Thanks again!
This is a great video, Well done!
Muchas Gracias, por tus videos he aprendido mucho de ti, y estoy siendo ahora rentable, te admiro mucho.
Thanks for sharing , it is very empowering
Thank you Shay!
You are so welcome!
But then came along UA-cam and got you to where you are today.... But for real, you're a good teacher. Thank you.
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!
You are right dear Trader 👍🏻😇
Very true indeed!! Great information
The first one is so true . PURE PRICE ACTION
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.
😂
🤟😎 💯 Great video Shay... Happy Trading!
My Favorite Teacher!
Thank You coach
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
⬆️Directly get in touch with me❤!..
Your step one...price action is spot on. You should be able to see reversals wo indicators. Next use indicators to support your candlesticks.
Great video, this is what I needed to hear
⬆️Directly get in touch with me❤.!.
Excellent video
Love your positivity
thanks for ur support :)
Very insightful video.
Bless you for this
You know you were practicing charting and watching price action during your 9 -7 job lol. Good video! Thanks
Thank you
Thanks for your lessons, from now on, i'm learning with 0 indicators...wish me luck
You are great 👍
Your personality is everything lol new subbie here 😊
1 mil subs here we come!
Thank you❤
⬆️Directly get in touch with me❤.!..
This was a really good video!
"if you fail to plan, you are planning to fail". best line for trading
Great Video! Risk management is NUMBER ONE. The Goal of A GROWTH CURVE in ones portfolio should be second.
⬆️Directly get in touch with me❤.!.
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 cracking up watching this video! loved it
Glad you enjoyed it!
Merry Christmas ❤
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
Straight to the point. Thank you for sharing and have a great day! 😁
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.
The thing is price action.👍
Great value HT.
So dope! Very informative and thorough. I can really see your work ethic shining through! You're real cute too!
Great video and personality!! Study and get obsessed with your strategy and process….
Would've liked to see some previous day examples and how they played out in the charts.....
She will never show it
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.
AMAZING VIDEO
⬆️Directly get in touch with me❤.!.
Thanks for the video, maybe you can do more on price action. Thanks again.
coming soon. thank you!
Keep going
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 :)
thanks for your video. risk and reward part is good one. one question is for swing trade, if i already spend 2% of my capital for that trade, so i need to wait until get my target or touch stop loss? and after that i can have other trades?. so if the stock is going sideway then do we need find another trade replaces. thank you Shay 🥰
Nice Tips 👌 greetings from Brazil 🇧🇷 ,👍
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!!!
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.
1M subscribers you wil reach soon 🎉🎉🎉
U are my best day trader ,
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!...🤠
⬆️Directly get in touch with me❤.!..
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.
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.
⬆️Directly get in touch with me❤.!..
I like your face in the winning picture. Your side gig could be being a model. Thirsty comment of the day complete. xD
This video is pure gold 💯
Who are you?
You should probably tell your audience that setting stop losses doesn't work. Stop losses get hunted and the exchange can trade against you if you have tight stops, especially on smaller time frames where its easy to fake wicks that shouldn't exist. I switched to swing trading on the weekly.
⬆️Directly get in touch with me❤!..
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”
Thx! Iam wait for solide Strategies 🙂
⬆️Directly get in touch with me❤.!..
Love you so much❤
⬆️Directly get in touch with me❤.!.
this beautiful lady growing like a gem as a trader and as a mentor also ❤... love ur vedios 😊
Maam u r an honest trader..... lots of love from India
⬆️Directly get in touch with me❤.!..
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. :)
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.
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.
⬆️Directly get in touch with me❤.!.
I want to be like you one day, thanks!
Great Video! "Trading is the hardest way to make easy money!"
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.
I smashed the like button so hard that I broke my computer. Now I have to sell some stocks to buy another one.
Your videos are really helpfull thanx a lot ❤
I hope this helps me. Because one week in and I've taken an L 5 out of 7 days.
Great Video - where can I get that risk spreadsheet for simulation learning?
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.
Great video! Do you have that risk management spreadsheet available for us to use?
have the same question
With your experience, would using the 10s candlestick chart as a volume indicator make sense?🎉
Hi there, can you make a video showing your setup and details on how to use Benzinga platform.. Thanks