He Accidentally Discovers a 6 Figure Trading System
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- Опубліковано 21 вер 2024
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Evan Schunk has been trading since April 2018 experiencing constant changes in the market. He always knew he wanted to go into the market and was determined to figure out how to play the game others were playing. Initially, he experienced numerous losses enduring difficulties for 20 months. After discovering Tim Grittanis' DVD's, he began finding his place in the market. Evan taught his brother the market after losing his job during COVID. Evan officially made the switch from discretionary to systematic trading after accidentally discovering a 6 figure system which completely changed his life. Watch this video and learn about Evan's journey and the story behind his 6 figure trading system.
Follow Evan on Twitter: / eschunk8
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What I like is he doesn’t dive deep into what his strategy actually is.
Also he confirms what Ive recently been doing. Twice a day I pick random stocks and back test my strategy wether I feel like doing it or not, it helps to keep me in line. I did it pre bell this morning and it prevented me from making an egregious, emotional based error.
You gotta stick to your guns. Just like the market, the day you give up on your strategy I can almost 100% gaurauntee the next day it’ll be working.
Good interview.
Thx Floyd!
yep
That's what you like about the zero explanation strategy huh? How do we learn your100% stick to your guns strategy? One trade, one setup....gimme 1 in detail. 1. You can't because you go to the screens everyday hoping to catch a move. Stick to trading baseball cards.
you like that he doesnt dive deep into his strategy.....hmmm idk what there is to like about that lol
@@markmcgwiresbackne5705exactly. It's a bunch of nothing burger. Even the claim is questionable - No system with a profitable strategy will work in all market conditions. Backtesting only works if the market always stays the same way but it ain't true.
Polygon is a must for any system trader. Don’t spend hours a day manually inputting 50 things. Spend a few weeks even months if you have no experience and learn the logic. Once you get it you can pull whatever data you want and with the coding knowledge automate all of your data tracking. What used to take all weekend can take 2 hours. What used to take 2 hours takes 5 minutes. Anyone can do it just about how bad you want it.
Also on the winter topic and sizing during drawdown this is where systematic trading really benefits from compounding R. If you’re account is growing you’re risking more and if you’re in drawdown you’re risking less.
Great chat B and Evan!
Can you give me two or three real examples, what data would you be looking for? Without the code, just what data you would try to extract that would be crucial for your trading system?
Polygon data isn’t very good. Try thetadata or alpaca
We are always experimenting with our systems and constantly improving them. It's never static. Building your own system is the best way to assure a long term future in trading.
Thx for watching
Systems are fine for learning the basic mechanics of trading, but he nails it with the phycology aspect. Until you have real skin in the game, take real losses, you simply don't know how you will react when the heat is on.
Thx for watching brotha
FACTS
No system will work 100% of the time because the market does change. You still need discretion when you trade.
Nice to see a young trader get some success but experience means a lot in trading. Experiencing different types of markets makes you a better trader.
I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.
Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again
@robinsonmatthew9113The adviser I'm in touch with is ' Jayden Nadav Bishopson" He works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else. for me his strategy works hence my result. he provides entry and exit point for the securities I focus on.
TRUST YOUR DATA! Man I repeated this to myself everyday. I felt this! Awesome episode!
Awesome man... Motivated every time when I see real successful traders talk about the journey... Oh man can relate so much to his beginning years ... What a job ALEX ... love you man
Thx Jobless!
@@BTheStory ☺️☺️
Another great interview. Thank you Alex and Evan! Highlights what an immense amount of work goes into being a successful trader simply by tracking data.
Thanks for being consistently uploading new content every week. Keep up the good work.
Thank you too!!
Just understand that there are people behind each trade. It's not about a system in that you are one person with your own thoughts against others with their own thoughts. A trade going your way has nothing to do with your system. It is being on the right side of a stampede which will garner success.
QUESTION IS--If trader was trading forex pair to hold for average duration of 3--5 days what time frame should be used for TREND DIRECTION?--IS IT 4 H CHART? Traders biggest enemy is trend flipping on A dime(e.g. 1H/lower times frame trend).Trend on 4H chart may be the best trend guide for majority of forex traders.. By the time trader confirms that trend on daily chart is up, market has already gone up about 5-7 days & if you ask supercomputer for the mathematical odds, computer tells you that odds are negative right from the start.Trend based on the last 10--15,four H candles has enough big players/juice/force behind it so that it would not flip on A dime, so trader has decent chance to make something without buying overpriced asset to lose again. Your wisdom please?
Alex, excellent interview, though a bit short. ;-)
It would be nice to be a little more technical sometimes. For example, it would have been very interesting to dig deeper into how he back-tests his data. What software, tools, etc... Just to give hints and insights.
Cheers !
Very Good point. I do agree with you
I was thinking the same thing.
dude, take some time and learn python it will make your life very easy...
Seems like a newbie gambles without system and experienced trader gambles with system, that's the difference 😁 Great interview, thanks Alex! Thanks to Evan, brilliant guy!
An experienced trader has self confidence and, confidence in their system. Like the casino, they know they have the long-term edge if they keep to their money management rules.
@@geoffbeyer1873 absolutely agree, bro!!! 👍👍
The guy say nothing,he is not explane what do guy???????
The guy Just gapers
13:13 area
He collects specific statistics per stock, and then enters or exits based on that in the future
What was he doing exactly? What are the parameters he was using for exactly entering and exiting the trade?
Kris Verma does the very same thing, except that his position size is based on Kelly Criteria. Yet, people all over mock the dude really hard on twitter. This hypothesis that certain gapers will close red on the day only works for OP entries if you are able to withstand whatever happens during the day, which means that you have to use wide stop loss. This doesn't mean that you are going to lose a lot (after all, it is all based on your position size), however, your stop loss has be far away from your entry to confirm the "direction edge". And this type of trade totally crashes the whole idea of 2-1 Reward/Risk.
Yeah... I never struggle with chasing, it's the opposite - a lot of the time I am scared to pull the trigger, because I think I will loose 'again'.
Another great interview by the way 👍👏
U need to find your system, plays that work and train it to get the confidence. Look into breakout and retest. Play the outside of the range.
I recommend watching Mark Douglass -trading psychology seminars, a great one here on UA-cam-good luck , nothing stays the same , just a hurdle
Always firing off those amazing questions, keep it up!
I'm willing to bet "trading tickers" itself has made more millionaires than Sykes himself. There isn't a person out there that hasn't benefited from it
I have an interesting question for you. Howcome you never ask the question, so what is your win % and profit/loss ratio? I want to know this data from every trader you interview also.
I count myself successful in trading with the help of my broker who manage and handle my trading account and get me awesome profits. Her strategies are top notch coupled with the little commission she charge on her trade.
Investing in Assets is the cheat code for having a successful financial life.
To avoid making losses while trading, you need to get full understanding and knowledge of trading and holding.
You're right..most time having knowledge or insight about a particular activity can as well be a pleasing exercise.
Wow, although mine always end up with losses, I think i still have alot to learn. please can you share.?
Am also a subscriber of her signals and if I were to rate their accuracy, I would say 95%.
19:40 cyclitecnical traders know when to buy those gaps that pop up and get bought throughout the day on the reg; también the mere prospect of a short only day trading system is not a big fav of mine
Excellent interview and information. However, as I understand " systemic trading " is to go to the historical data. Review price movements on specific issues/assets that rise or fall ( if your looking for short opportunities.) List and acquire the data that was created at the time of the price change. Then back test those patterns? Reverse engineering sort of speak???
Thx for watching!!
Lol he looks super A.I...great video🤘
Gracias LEE
yeah noticed that too :)
He is the Market
Only thing I’d like to have known was his starting equity and how much drawdown is he willing to accept on each trade.
hey B. write down your questions in a sequence that makes sense before the interview. same questions for every trader. hearing you formulate your questions makes me feel like your half assing the questions part to this
Great video, thanks for putting this out there!
No worries. Thank you
Ok cool, but what's the system and whats "this", that your brother was doing? Why the vagueness?
awesome interview, thanks!
been wondering if i was on the right path with transitioning to a more data analysis systematic system....this is nice to see
@22:00 Why trade with 4x less your original size? You must trade with how much cents per share you are risking. That will determine what size to get in with. You don't gamble. I think some of you traders just take on uneccessary risk. I guess, some you just like to gamble a bit. Just my humble opinion.
I'm right 70-80% of the time but my strategy is completely different to yours and I stay in the trades much longer. On top of that, I make no more than 4 trades a day and my profit/loss ratio is 2.
What conference are you guys at? I live in downtown Vegas and watch this channel all the time.
This was a FANTASTIC interview! Very VALUABLE information. Bravo my man! 😎
Gheechie Dan, can you now trade the way he does, after this interview?
@@rombusworkmoney22 Hell no! I'm not trying to trade like he does. You listen to other Traders to fine tune what U do and to listen to their journey into trading. You cannot just listen to a video and be able to trade . It doesn't work that way. There is a reason why Ross Cameron is a better Trader than everybody he has trained.😎
ICT is the best and I learned a lot and now having my own channel to teach what I learned + what I could add to by studying the price action deeply based on the main ideas got from ICT... I have started posting daily videos to review how the price actually moves and when you really understand this then it will be easy to catch the perfect entries and to get profitable by time, appreciating Michael as he made a big change in the way I see the market now and hopefully I can convey this knowledge as best as I can to those who will watch my content, thanks again to Michael and ICT for all this great content which is motivating many traders like me to grow day by day
this is a really good sharing, thanks
It's always a pleasure watching your UA-cam because they are wvideosonderful and amazing contents.
Thank you so much for beautiful and well detailed videos like this.
I love your contents
Dude, stop looking at the roof while you interviewing. Lol
Is this the guy from Star Trek?
"Perfect execution is follow my system", that's incredible n slap my face😅
Doing a great job. Keep it going. Thanks. 👍👍👍
Another great interview. Thanks man!
I have a question. He said that he took the series 66 and failed twice but isn't the prerequisite for the series 66 you will have to be a series 7 holder? Was he sponsored by a firm for the series 7? Because being a series 7 holder you have to be sponsored to take the test. Sorry if I missed that if he mentioned that.
Are penny stocks the only stocks you can really get confidence In your data? What about large cap?
Hey how many courses are you selling?
Systematic trading - Yes this is the best method ! Great interview full of gems
It's the best method for newbies. Master traders are both systemic and discretionary because they have obtained mastery in the market.
Great stuff my problem is fear now so frustrated
Thx for watching!!
Very interesting, thanks!
Awesome to see the power of systematic trading 👌🏼
Great interview
Dude is Data from Startrek.
This was a dope video . A lot good nuggets
I have a question: How does he actually backtest to harvest all this data? Does he use a program/platform where he introduces all the specific data he's looking to test and the program gives him instantly all the stats or does he do it manually by going day by day for example in tradingview with the replay button? It's something I am doing right now backtesting, but I don't know if the way I do it is the propper way or not... So this would be something interessting to know about this trader.
By the way very nice interview.
As he mentioned, he has a coding friend that is able to harvest data from the past for him. Not everyone is this lucky or knowledgeable, backtesting and recording manually is one of the best ways to do it - at least starting out. It doesn't take a week, or a month, it takes months or even years sometimes. But to create a strategy/system that is profitable in the markets it takes a lot of hard work and dedication, it definitely isn't the easy route - but is well worth it in the end.
Also keep in mind the way someone backtests could make no sense to the next person. Every individual is different and they see and learn differently, so it's important to do your own due diligence and focus on what you're trading, and backtest and record the data.
Does he sound like Edward Norton to anyone else?
Another W for the Databros
Can we get to those conferences or do you have to be invited? I need to learn more
you need to be like mr Data to be a great trader.
Love this guy.
Thx for watching
I also built my own system, but mine uses specific indicators, with specific numbers, and you have to follow specific rules, and if you do, you'll always make money and never be wrong. I don't even have to look at the price chart to trade now. I also won't sell my system unless the price is right. I've only shown two people.
To be clear, it doesn't tell me what will happen, it just tells me what to do, buy, stay in and sell. It's nearly perfect. It doesn't catch every move, only the best ones. Buy the bottom and sell the top, nearly perfect every time it has you trade. It's almost unfair.
It also took me staring at charts and studying and falling asleep on the couch for like a year with my eyes burning to figure it out.
It's actually quite simple. You can learn it in a few hours.
Please teach me. lol ill be forever grateful. Im pretty good with charts but very curious what you re talking about.
Teach me I'm curious ( lol I know you wouldn't)
I was an unexperienced stock trader and i lost over $30K when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I find one source to recover my money, at least $5k profits weekly. Thanks so much Mrs. Evelyn Keil 02:23 Beautiful video keep it up
Wow, amazing to see others trading with Ms. Evelyn Keil , I am currently on my 5th trade with her and my portfolio has grown tremendously.
This is not the first time I am hearing of Mrs.Evelyn Keil and her exploits in the trading world but I have no idea how to reach her..
@@Davidson0007 Oh, we met again here. She is really great at what she does with amazing skills, she changed my 0.1BTC to 2.1BTC within two weeks of trading, I am now fully confident that she is reliable.
@@Davidson0007 She often interacts on Telegrams InvestwithFxkeil. That's her ID!
I have traded with many individuals but I have never met anyone as good as Mrs. Evelyn Keil , just by applying her strategies I now trade independently. she is the best i would advise any investment newbie to trade with her
Can you answer one question for me please how did you guys file taxes and claims. Since Day trading from home or apartment so how did you guys claim. Because you’re working from home so how did you guys manage the Texas end of the year. Do you guys claim homes apartments house how’s that work can you explain please thank you.
You really need to get an accountant to properly advise you. From my experience, if you are profitable get a good accountant asap, odds are they will advise you to set up an S-corp asap. Playing the tax write-off game while filing a personal return leaves you open to tons of room for audits with much, much smaller upsides.
@@user-wo5nx7sg4b forming forming an S-corp for day trading is a bad idea. Remember, corporations are required to pay corporate taxes and their founder/owner is legally required to receive a salary as an individual. This means a day trader operating as a corporation will be taxed twice; once at the corporate tax rate and again at their individual tax rate.
@@bigfranchise ua-cam.com/video/skB7T_yQnZ4/v-deo.html
inspirational video
Why he look high as hell 😂😂😂
Short trader here!
always the same story nothing new, underdog, Tim crap and for that reason iam out.
Is he building bots to execute these “systemic” trades? Thanks for sharing this with us, gentlemen. 💪
Thank you too for watching Tim
My strategy needs a bot, it would be way easier that way. It's based on specific criteria and follows specific rules, so it could be coded.
Somebody swing by the apple store and buy this guy some iBrowse
You forgot to ask him who the better trader is, him or his brother.
He does look like Star Trek's Data.
Does anyone knows what system that he is referring to ?
"Data" (character) from Star Trek🙂
These bots ruining the comment section lmfao
Anyways, great interview.
Yh I love it when they all have a chat with one another to convince people the person they’re pushing is genuine 😂
Tim skyes again
#MichaelBurry. Pretty cool that he sweatted it out & worked through it.
Data from Star Trek 😊
Lol thx
Evan! 💯
Another great interview Alex. I can't wait to be a guest on your show one day!
Very General...get to the NUMBERS AND THE REAL SPECIFICS of REAL Example trades!!!!
its a shame this guy doesn't teach as he comes across very well.
He doesn't want to give away his secret sauce. But smart ones would tell because if everyone learns and does it, the strategy will be more likely to work.
cool
"you'll never find success following"
What are gappers?
If a stock closed at $2 and opened at$6, thats a 4 dollars gap that happened in pre market. Usually will go back to$2 (fill the gap).
Wth. Is that Zuckerberg's brother or something?
i was about to comment this lmao
What is Evans Twitter? I dont see anything below
got it
He looks like a vampire
great interview cutie pie!
Thx for watching Samuel
@What'sApp.+①⑤③①⑥②⑤④②⑥④ you been trying to scam 4 times now, your not the real channel , none of us are so stupid anymore common man ur a joke
weird this guy is just saying all teh stuff brandon from boiler room trading said from 2017 till now lmao everyones a pro using other people
*I'm glad I got into crypto when I did because it’s been a turning point for me financially, been my best decision so far*
As an independent woman I started my first investment plan with just a $1000 and now earning weekly income of $5000 in cryptocurrency exchange with my personal broker
Inspiring! do you think you can give me some advice on how to invest in a healthy way as you are doing because I'm new to crypto trading...
Bitcoin has been falling for a while now and it might keep falling or decide to rise again. The truth is no one knows, I believe it's the right time to make purchase and also get the assistant of a professional
@@wilsonhenry4278 Trading with Mrs Carlene Teresa has brought me so much gain and I strongly recommend her to you too, her strategies are always good...
@@wilsonhenry4278 You can reach out to her on telegam...
I guess you are running out of credible traders that actually make money. This is total bs and I'm calling you on it. If you hadn't talked so much crap or by putting the word "Scam" in front of actual traders who make money for your click bait material, you might have better interviews. Have a great day.
Yep, there aren't this many traders out there who actually make money to interview. Especially young traders.
Sounds like jealousy to me😀
to become a successful trader you need exceptional risk management and constantly analyse and adjust your style according to the market theme
most traders will find success for a few weeks before taking a loss which turns into either:
revenge trading where they blow up
taking consecutive “planned” losses which gradually eat your account
I couldn't catch that guys twitter, anyone know the handle? I only hear eshunkate or eshuncate or eshunk8.
It’s in the description section
@@LetsLiveThriving Oof, not sure how I missed that. Thank you.
great interview