Fantastic video I swing trade options And even though i tend to stay in trades for 3 weeki sh at a time i still watch my open trades for the opening hour and a half and the last 15 mins of trading hours as i buy the gap etc
Sizing I think is a VERY big hurdle to overcome. I was working with small losses.... $10 or $20 a trade. Manageable. Once I slowly started to sizing up, the losses were $50 to $100..... this is a big mental challenge to overcome. Some panic took over and had an effect on the trade. I'm still working on this as I continue to size up. A couple of weeks ago I had an $800 losing trade...... can be emotionally taxing! But then again I made back $750 throughout the day so ended with a $50 loss. Since then, I've toned it down a little to where I can handle a loss psychologically.
Absolutely required viewing... this was an EXCELLENT study in the learning curve where ALL the important steps are laid out and the trader owns up to each step: where he was in his learning and, more importantly, in his mindset. This one is pure gold
t That thing he did removing his P N L and replacing it with cents per share was the game change for me...That!!! is the strategy that i use n got me the consistency n breakthrough..n its less stressfull..THIS IS KEY...
flip that thing backwards and it's my robinhood graph lol. well until i discovered credit spreads and iron condors. this guy has done well. he's put in his work
THANKYOU THANKYOU THANKYOU. As a beginner trader this was a very timely and encouraging video. I have spent many hours watching SMB's videos and I am learning more from you guys right now than anywhere else. Cheers
Pure Gold! I loved your notes, Ryan, especially "challenges I experienced"... particularly: "Training your inner voice. How you talk to yourself matters", amongst others. Thank you both, Bella & Ryan. This one's for the Bookmark, a keepsake. Cheers
These videos are not only extraordinarily motivating, but also astronomically informative. I'm so grateful for all that you guys do. I needed this, today.
I like the idea that you have to be who you are and find your comfortable niche as a trader. Another excellent insight video on starting as a trader and then developing the time it takes to find your niche, gone through the pain to get the gain.
What an AMAZING video! Well done for putting together so informative material that covers foundation importance, learning curve, expectations, challenges, and so on....... The trader has well deserved his reward!
I love these videos! I wish I could copy and paste his notes. I do still find it hard to write my trades down, but I am going back and reviewing them each time to see where I could have done better, and saving them to a flash drive which has helped me progress a bit. Mike, your feed back is always constructive and gentle like a proud dad with his kids!
This is a fantastic discussion to listen in on (especially for newer traders). Emphasis on intensity at each stage/phase really resonates. Thanks for uploading chaps.
This is a must watch for newbie traders. It documents the stand point epistemology of stages and thought process of an individual trader but I assure you it reflects the 10% that follow through and are successful.
I keep hearing about how 10% of traders are consistently successful...the actual percentages are much lower. That's why I think many individuals venture(or are lured) into trading- they believe that they can be amongst the top 10%. 10%is way to high a true statistical figure.
I have finally found my niche that works for me after several months of sampling. What's funny is that it is the complete opposite of how I identified as a trader in the beginning compared to the strategies I better identify with today. I totally understand what Ryan was mentioning when he discussed developing what you think is a trade with edge to find out there's little to none. It's part of the process and I love how this video shows me exactly where I am at in this process! Great job as usual guys!
Excellent content and nuggets. Be disciplined and hone your craft; have a playbook; use stop losses; be selective; use technicals such as VWAP and multiple time frames; use demo accounts to figure out your own niche; learn, study, and just put the time in! I am disciplined and have turn profitable during the past year. In year 2 of my trading journey. Question: Does SMB offer an in person internship program? I will pay to learn from the best and am truly interested in joining your team. I am your next break-out female success story and I look forward to bringing it!
Those listed challenges & experiences above is gold & priceless information for the beginners to become a successful traders. I'll copy that and post infront of my wall. Thanks!
Killer interview. I remember Ryan's video on the VXX short during the "Corona-Bottom" and really enjoyed his systematic approach to that trade. Hearing that same systematic approach to his business was a great extension of that mindset. Thanks again, Bella and Ryan. I'm going to keep this video pinned to top of my "vids to re-watch weekly/monthly".
All new traders struggle to become consistently profitable for most of the first two years -- if at all. The key is to understand why you are failing and what specific steps are required to become consistent. Trying to figure out who you are as a trader, what set ups work for you and developing a process that works can be daunting. You just don't know, what you don't know in the beginning to realize what it's going to take. So this unvarnished reflection of this journey and the advice you both share is invaluable. Thank you both.
This was a great video. Really needed to hear someone else's perspective on going from new trader to consistently profitable....which I'm still working on Lol. Thanks for sharing.
love this video, very insightful, and inspiring. Its like you guys are the Patriots of trading. The culture you have developed is a big factor in your success. Thank you for sharing.
Really enjoy the videos. I really like how you work with your traders. Really shows psychology is the biggest hurdle in trading.this makes it so hard for a retail trader to succeed with out a team or coach
Great video. Trading like anything else in life requires discipline, time and experience. Wish I learned this before trading my first penny but I probably would not have listened until I got the experiences I have.
this was great, thanks for sharing. i wish he had continued more off on the importance of his daily routine, what its like, and how he keeps his other areas of his life (health, hobby friends family) also in priority.
My strat stopped working as good this year, I improved it then came back and branched of into another direction and improved it another way. Now I combined everything together and went all in, switching from a descretionary to fully mechanical now to a mixture of both because I know the probability of each one of my setups. Thanks for videos, helps me confirm I'm doing the right thing.
Amazing and Insightful! I am a beginner and have been one since April. I have definitely been greatly encouraged by this video as I can relate with some of the experience laid out as well as the dos and mental attitude required.
Wow! Amazing content, everything is so detailed, decisive, and the diligence and dedication is mind blowing.. I liked one of the line items that said "if your going through a slump size down and put up some green days and rebuild your confidence"... very good video..
Fantastic! Fantastic! Fantastic! I can admit that, this video is a very valuable map to consistency. In addition, I highly recommend to all “Failing Forward” book by John C. Maxwell, it is an awesome read during learning curve.
Final thought: I am experiencing also a strong influence of my mental background on the perception of size and P&L swings. Coming from a country where average people make $700 a month, and around $350 when I was 20. You grow up with these numbers around you and they tend to pre-determine a sense of reality for you. But the personal reality can be changed, though it goes with psychological work and great effort to me. This video is helpful.
Two things I'm noted for chanting: Do the Math Before You Do the Trade, and You (I) could always get back in! This guy got that. I'm curious whether Shark and the other big-trader get out before their stop is triggered or whether they stick with it? It's hard to see unrealized profit wither away vs. the underlying being traded to a target first. I scale in and out. It seems so obvious to add to a trade that's working vs. what most folks do > adding to losers.
What a great testimony! Thanks for sharing. Packed with wisdom to learn. I appreciate that this trader comes off as genuine and humble. In fact I notice it’s a trend among SMB traders on the UA-cam clips.
I'm wondering if you'd be able to make a video, or give your thoughts, on using the Volume Profile? It's something that I've been using for a while now and find very helpful. Especially when using it on bigger timeframes like the 20 day, or the 1 Year, you can easily see where the biggest support/resistance levels are, and fairly often you will see breakouts off those levels.Also, do you use scanners that screen for unusual options activity, like Cheddar Flow for example? Thank you for the content you put out.
Also wanted to say that the lessons from the DNA program are finally paying off dividends. Although converted a bit into the futures markets. Thanks for all the excellent material and insights.
I've got a ton of work to do!!! It's ( almost) overwhelming. I've been giving a lot of thought to quitting lately. I've made a ton of mistakes. I've run in blindly and traded. ( I mean, how hard could it be, up- down or sideways) lol. Just typing this statement now makes me cringe. So...Its back to work. I have a niche that I like, it fits my personality and I've had success with it. Tonight I start my playbook on it. Monday I'm going to scale way down on my trade sizes and build on my first niche.
last week was my worst week in trading, can relate to what this guy is saying, there is a voice in my head asking if i am made for this, should i take a break.
We learn more from our losses! Remember to journal and analyze wins and especially losses. As is mentioned in the interview, if we do that, demo trade, then size down until we start gaining, we can get our confidence back. Wishing you success! And yes, you ARE made for this!
Some of my best trades are the days when i stay in losing option call swing trades and dont make any trades that day because when understand the parametres by which the stockmarket operates within you have the confidence and the ability to trade the biggest of stockmarket waves the stockmarket can throw at you I purposely choose to swing trade option calls with no stop loss which keeps me in trades i want to stay in and not be stopped out of which could prevent big profit and i have the patience to ride the losing trades in to profit Patience and time are 2 of the best skills in trading and they cost nothing to acquire W
if the traders who work at the firm trade the firms capital, what pertcentage of the earnings do the traders get to keep? or are they simply salary based?
Registration for the webinar fails with this error: There was a problem registering. Please refresh and try again. Is there are different way to register?
Thought i should ask here i couldnt trade yesterday (Monday) but reviewing what happened in the market and cant find the answer to this, did WHLM have so much movement due to an after glow of Fridays runner or is there any other reason? thanks.
For me, my revelation was a long short portfolio. Tight entries on long term trends. Almost non directional now in a sense. Most days, portfolio is up, shorts working in market up days, longs working in market down days. Mostly....but I´ve gotten imbalanced the last 2 weeks because of this bear rally, it that´s what it really is. I mean, the world is in a real economic tsunami about to hit the fan...retailer optimism is still surprisingly high but this could be covid era newbies and yolo culture with money to throw away who´ve never seen a market like this.
I’m thinking to get trained via SMB U materials posted here ie youtube, will take at least year to go through, My question when I should get my training?
Can you please tell me where you put your earnings (as a beginner) from trading? Do you withdraw them from your account and invest it somewhere else or do you keep it in the trading platform to trade bigger size? Thank you!
Personally, my earnings go into my account to trade larger as I go. My plan is to be able to support myself and my interests from trading rather than from wages earned. Cheers!
Learn 3 trading setups we use on the desk bit.ly/2X11pKX
What topics do you talk in the course?
Fantastic video
I swing trade options
And even though i tend to stay in trades for 3 weeki sh at a time i still watch my open trades for the opening hour and a half and the last 15 mins of trading hours as i buy the gap etc
hey i need funding i will trade forex i can make 200% every year in backtesting can get to join you SMB
I finally understand what these senior traders are talking about.
Sizing I think is a VERY big hurdle to overcome. I was working with small losses.... $10 or $20 a trade. Manageable. Once I slowly started to sizing up, the losses were $50 to $100..... this is a big mental challenge to overcome. Some panic took over and had an effect on the trade. I'm still working on this as I continue to size up. A couple of weeks ago I had an $800 losing trade...... can be emotionally taxing! But then again I made back $750 throughout the day so ended with a $50 loss. Since then, I've toned it down a little to where I can handle a loss psychologically.
This is GOLD. Will be on Audible all night. Thanks for the motivation. Love the positive attitude.
👊
Absolutely required viewing... this was an EXCELLENT study in the learning curve where ALL the important steps are laid out and the trader owns up to each step: where he was in his learning and, more importantly, in his mindset. This one is pure gold
t
That thing he did removing his P N L and replacing it with cents per share was the game change for me...That!!! is the strategy that i use n got me the consistency n breakthrough..n its less stressfull..THIS IS KEY...
flip that thing backwards and it's my robinhood graph lol. well until i discovered credit spreads and iron condors. this guy has done well. he's put in his work
Guys at SMB thanks VERY MUCH for these videos, it’s so great to learn all this experiences From you🤜🏼🔥
THANKYOU THANKYOU THANKYOU. As a beginner trader this was a very timely and encouraging video. I have spent many hours watching SMB's videos and I am learning more from you guys right now than anywhere else. Cheers
Pure Gold! I loved your notes, Ryan, especially "challenges I experienced"... particularly: "Training your inner voice. How you talk to yourself matters", amongst others. Thank you both, Bella & Ryan. This one's for the Bookmark, a keepsake. Cheers
yes instant SMB Classic
thx Eric!
Wow, this is one of the best SMB vids yet!
it's a good one
These videos are not only extraordinarily motivating, but also astronomically informative. I'm so grateful for all that you guys do. I needed this, today.
Richie Martinez 👊
I like the idea that you have to be who you are and find your comfortable niche as a trader. Another excellent insight video on starting as a trader and then developing the time it takes to find your niche, gone through the pain to get the gain.
What an AMAZING video! Well done for putting together so informative material that covers foundation importance, learning curve, expectations, challenges, and so on....... The trader has well deserved his reward!
thx Romass! Ryan definitely deserves the success
I love these videos! I wish I could copy and paste his notes. I do still find it hard to write my trades down, but I am going back and reviewing them each time to see where I could have done better, and saving them to a flash drive which has helped me progress a bit. Mike, your feed back is always constructive and gentle like a proud dad with his kids!
Best Lessons to be learned, absorbed, followed through Ever I can Encounter!!
I can’t thank enough.
This is a fantastic discussion to listen in on (especially for newer traders). Emphasis on intensity at each stage/phase really resonates. Thanks for uploading chaps.
you are welcome Craig
By the way this trader talk, you can feel the discipline and dedication he put into his journey!!! Congratulations 👏 👏 👏 👏 you deserve it 👌👌💪💪💪💪💪💪
Yes! Thank you!
One of your best videos so far. And they are all good. Thank you.
Joanna Huc awesome! So much to learn from Ryan
This is a must watch for newbie traders. It documents the stand point epistemology of stages and thought process of an individual trader but I assure you it reflects the 10% that follow through and are successful.
I keep hearing about how 10% of traders are consistently successful...the actual percentages are much lower. That's why I think many individuals venture(or are lured) into trading- they believe that they can be amongst the top 10%. 10%is way to high a true statistical figure.
I have finally found my niche that works for me after several months of sampling. What's funny is that it is the complete opposite of how I identified as a trader in the beginning compared to the strategies I better identify with today. I totally understand what Ryan was mentioning when he discussed developing what you think is a trade with edge to find out there's little to none. It's part of the process and I love how this video shows me exactly where I am at in this process! Great job as usual guys!
Good to hear Mike. 👊
@@mbellafiore19 Thanks Mike. Hope all is well
Excellent content and nuggets. Be disciplined and hone your craft; have a playbook; use stop losses; be selective; use technicals such as VWAP and multiple time frames; use demo accounts to figure out your own niche; learn, study, and just put the time in!
I am disciplined and have turn profitable during the past year. In year 2 of my trading journey.
Question: Does SMB offer an in person internship program?
I will pay to learn from the best and am truly interested in joining your team.
I am your next break-out female success story and I look forward to bringing it!
Those listed challenges & experiences above is gold & priceless information for the beginners to become a successful traders. I'll copy that and post infront of my wall. Thanks!
Thank you SMB for your great content, it is a great opportunity to jump on the train and take part at this journey to success
Killer interview. I remember Ryan's video on the VXX short during the "Corona-Bottom" and really enjoyed his systematic approach to that trade. Hearing that same systematic approach to his business was a great extension of that mindset. Thanks again, Bella and Ryan. I'm going to keep this video pinned to top of my "vids to re-watch weekly/monthly".
love it
@Dr. MTV, Can't seem to remember that video. Could you please post the link or title of that video?
@@knaider here you go Erick ua-cam.com/video/31mpMHoXnC4/v-deo.html
This info is AMAZING!!!! Thank you for sharing. Just starting out.
All new traders struggle to become consistently profitable for most of the first two years -- if at all. The key is to understand why you are failing and what specific steps are required to become consistent. Trying to figure out who you are as a trader, what set ups work for you and developing a process that works can be daunting. You just don't know, what you don't know in the beginning to realize what it's going to take. So this unvarnished reflection of this journey and the advice you both share is invaluable. Thank you both.
so true Paul!
This was a great video. Really needed to hear someone else's perspective on going from new trader to consistently profitable....which I'm still working on Lol. Thanks for sharing.
Mike and Steve thank you for THE BEST INFORMATION for traders on the web BAR NONE!!!
You are welcome Louis
Thank you. This information was very helpful as a beginner in trading.
love this video, very insightful, and inspiring. Its like you guys are the Patriots of trading. The culture you have developed is a big factor in your success. Thank you for sharing.
Much appreciated!
More like this, superb content! Learning how to become consistently profitable is the key question
Really enjoy the videos. I really like how you work with your traders. Really shows psychology is the biggest hurdle in trading.this makes it so hard for a retail trader to succeed with out a team or coach
Very valuable interview! Thank you both.
Our pleasure!
I’m glad I found this channel.
Beautiful presentation. One of the best yet. Thanks guys. 🙏🏼
Great video. Trading like anything else in life requires discipline, time and experience. Wish I learned this before trading my first penny but I probably would not have listened until I got the experiences I have.
We all learn the hard way! Great that you understand though!
One of the best videos ive watched from SMB, Thank you Ryan and Mike, these videos are much appreciated
Thanks Vaughan!
Very informative and great video. This covers the steps and psychology behind becominga great trader.
this was great, thanks for sharing. i wish he had continued more off on the importance of his daily routine, what its like, and how he keeps his other areas of his life (health, hobby friends family) also in priority.
The accent bleues you. Well done young man.
SMB Capital provides such relevant content. Thanks guys! Great stuff!
Deeep Personal Trader Mindset & Analysis! Great video! 👌🏻
My strat stopped working as good this year, I improved it then came back and branched of into another direction and improved it another way. Now I combined everything together and went all in, switching from a descretionary to fully mechanical now to a mixture of both because I know the probability of each one of my setups. Thanks for videos, helps me confirm I'm doing the right thing.
GoSu Gr8 to hear that the videos are helping your trading
Amazing and Insightful! I am a beginner and have been one since April. I have definitely been greatly encouraged by this video as I can relate with some of the experience laid out as well as the dos and mental attitude required.
Wishing you success! Right now, it's not about making money, it's about learning, then getting established. Cheers!
@@gregs8736 Thanks! Means a lot!
@@altair769 Right on! Your attitude is right. You'll get there!
Great insights. As always. Thank you both, Mike and Ryan!
Богдан Деревянко you are welcome
Wow! Amazing content, everything is so detailed, decisive, and the diligence and dedication is mind blowing.. I liked one of the line items that said "if your going through a slump size down and put up some green days and rebuild your confidence"... very good video..
Great Great Video, Thank you Ryan for your time and wisdom from the hard work you put in! Keep it up!
thxs Ohad!
Fantastic! Fantastic! Fantastic! I can admit that, this video is a very valuable map to consistency. In addition, I highly recommend to all “Failing Forward” book by John C. Maxwell, it is an awesome read during learning curve.
thanks for the suggestion!
Thank you this channel is inspirational wish you every success moving forward
gr8 to hear Andrew!
thx Andrew!
this is a very good advice so have to do more on my self learning
This is really helpful and real ... thanks for sharing
You are welcome peter
Thank you very much fro this video. Nice book recommendatins, I have read all but Dr S yet. This shows that only deeply determined people can do this.
Final thought: I am experiencing also a strong influence of my mental background on the perception of size and P&L swings. Coming from a country where average people make $700 a month, and around $350 when I was 20. You grow up with these numbers around you and they tend to pre-determine a sense of reality for you. But the personal reality can be changed, though it goes with psychological work and great effort to me. This video is helpful.
Thanks for this amazing video. Please keep on making them.
you are welcome Sam
will do Sam!
Excellent clip n thanks. Small losses r the cost to larger gains as one cannot happen without the other. Volatility can be managed, but not avoided...
Kirby Thibeault Thxs Kirby
Two things I'm noted for chanting: Do the Math Before You Do the Trade, and You (I) could always get back in! This guy got that. I'm curious whether Shark and the other big-trader get out before their stop is triggered or whether they stick with it? It's hard to see unrealized profit wither away vs. the underlying being traded to a target first. I scale in and out. It seems so obvious to add to a trade that's working vs. what most folks do > adding to losers.
Really really valuable insights! Thank you for sharing.
Amazing contenttttt!!!! Bless all of you
thx Ruben!
What a great testimony! Thanks for sharing. Packed with wisdom to learn. I appreciate that this trader comes off as genuine and humble. In fact I notice it’s a trend among SMB traders on the UA-cam clips.
Jim Payton good observation Jim
Thank you so much for sharing your experience, wisdom and insights.
Glad it was helpful!
Great chat SMB, thank you!
very helpful video. always nice to learn how a trader becomes consistently profitable. a lot of hard work is involved.
good to hear Claire
many years of hard work
Very informative and confidence boosting for new traders like me.
awesome
I wish you all the best brother
These guys should hv 1M subscribers...
Frank D grateful
We are on the way Frank!
Thank you so much! Great video,
If you are not consistently profitable yet (not important how long you trade), you not a trader yet...& you must see this video every week
I'm wondering if you'd be able to make a video, or give your thoughts, on using the Volume Profile? It's something that I've been using for a while now and find very helpful. Especially when using it on bigger timeframes like the 20 day, or the 1 Year, you can easily see where the biggest support/resistance levels are, and fairly often you will see breakouts off those levels.Also, do you use scanners that screen for unusual options activity, like Cheddar Flow for example? Thank you for the content you put out.
Thanks Mike and Ryan, very helpful and informative. I have a suggestion whether you could do an in-depth video on tape reading?
Thx Chris, do a search on our channel for tape reading and we should have plenty of resources there.
Thank you for these videos.
Outstanding video and packed with so much great advice and insights.
Glad it was helpful!
Also wanted to say that the lessons from the DNA program are finally paying off dividends. Although converted a bit into the futures markets. Thanks for all the excellent material and insights.
Great interview!
M I 👊
this is a very good channel
thx!
That is really motivational video, thanks! Can you make a video on ecn, rebates, how do traders use them?
thanks for the suggestion Danil
I've got a ton of work to do!!! It's ( almost) overwhelming.
I've been giving a lot of thought to quitting lately.
I've made a ton of mistakes. I've run in blindly and traded. ( I mean, how hard could it be, up- down or sideways) lol. Just typing this statement now makes me cringe.
So...Its back to work.
I have a niche that I like, it fits my personality and I've had success with it.
Tonight I start my playbook on it.
Monday I'm going to scale way down on my trade sizes and build on my first niche.
Great Interview. What market exposure did you have before you joined SMB Capital?
last week was my worst week in trading, can relate to what this guy is saying, there is a voice in my head asking if i am made for this, should i take a break.
We learn more from our losses! Remember to journal and analyze wins and especially losses. As is mentioned in the interview, if we do that, demo trade, then size down until we start gaining, we can get our confidence back. Wishing you success! And yes, you ARE made for this!
Thank you for this!
Thanks, appreciate the information
you bet Bill
This was AMAZING!!!!!!
Great video!
Thanks!
great content guys!
Love the questions
Some of my best trades are the days when i stay in losing option call swing trades
and dont make any trades that day because when understand the parametres by which the stockmarket operates within you have the confidence and the ability to trade the biggest of stockmarket waves the stockmarket can throw at you
I purposely choose to
swing trade option calls with no stop loss which keeps me in trades i want to stay in and not be stopped out of which could prevent big profit and i have the patience to ride the losing trades in to profit
Patience and time are 2 of the best skills in trading and they cost nothing to acquire
W
good talk folks
if the traders who work at the firm trade the firms capital, what pertcentage of the earnings do the traders get to keep? or are they simply salary based?
The audio sounds good on the headphones
This was great; thanks.
Lou Bou 👊
Registration for the webinar fails with this error: There was a problem registering. Please refresh and try again.
Is there are different way to register?
Great video
Thought i should ask here i couldnt trade yesterday (Monday) but reviewing what happened in the market and cant find the answer to this, did WHLM have so much movement due to an after glow of Fridays runner or is there any other reason? thanks.
For me, my revelation was a long short portfolio. Tight entries on long term trends. Almost non directional now in a sense. Most days, portfolio is up, shorts working in market up days, longs working in market down days. Mostly....but I´ve gotten imbalanced the last 2 weeks because of this bear rally, it that´s what it really is. I mean, the world is in a real economic tsunami about to hit the fan...retailer optimism is still surprisingly high but this could be covid era newbies and yolo culture with money to throw away who´ve never seen a market like this.
I’m thinking to get trained via SMB U materials posted here ie youtube, will take at least year to go through,
My question when I should get my training?
Great one!
Amazing!
thanks Marcus!
thank you
you are welcome Ivan
Story is that he is still consistently profitable even in 2023
what is his nich? what kind of things does he primarily trade?
Ryan is into low floats mainly - and on the short side
Can you make a video on how to create/select stock screeners? 5/9/24
Can you please tell me where you put your earnings (as a beginner) from trading? Do you withdraw them from your account and invest it somewhere else or do you keep it in the trading platform to trade bigger size? Thank you!
Personally, my earnings go into my account to trade larger as I go. My plan is to be able to support myself and my interests from trading rather than from wages earned. Cheers!
Lovin it