Most beginner traders don't realize just how challenging trading for a living is. It's the most challenging, introspective but rewarding business you will ever undertake. It reveals your weaknesses that you never knew you had, but makes you a stronger person on the other side. Great humor added to such a dry subject for most. Great job!
I think that most people know the stats. Twenty percent of traders can make a living, the rest starve. Is that right? I got lucky on a long-term gain, but am looking at trading now. The amount and variety of information I've learned about the world and economics more than makes us for any losses. Will be practicing with paper money today though (for the first time).
When I first got into trading 4 years ago I heard it from a friend who showed me about penny stocks. I lost all my capital and got discouraged and stopped learning. Now I’m starting back into learning and decided i’m following through with learning this business. The most important thing right now is knowledge and learning from others’ mistakes and being patient. Thank you for your videos!!
I only have 3 investments. Rocketlab, a penny stock, a Dividend stock and an Index Fund. I have high risk, compound growth and low risk strategies. I keep it simple like that.
One word - Gary Kaltbaum. Free information about how to play this game, and he’s sniffed out every bear market in advance and sidestepped it. So far. No guarantees.
That hits me so hard: "Day trading is 90% planning and 10% executions." I actually used to do the contrary. Thank you Humbled Trader for your wisdom, I am so delighted watching your videos. I like to SMASH the LIKE BUTTON first even before I start watching because I know your videos always awesome and delightful!
I lost 70k since I've graduated from high school in the stock market from no technical skills. Took me 7 years. About to turn 26 soon and this person speaks the truth. I started off this coronavirus layoff pandemic daytrading. First week I woke up at 7am and daytraded all day... Would make some and lose some... but then after that first week I realized that first 1 hour and last 1 hour is all I needed to play. Day trading is awful... but constantly making 1k-5k a day is very very rewarding as long as you record everything and don't compare yourself to other traders or investors that are much much more wealthier and better at trading than you.
Ohh I meant to add that I learned from all those mistakes and this year been crushing it on technicals. Literally only losses are from being too greedy and overtrading overnight... This year so far made back the 70k and an additional 133k so far.
Totally gambling some savings but then my savings are really up right now and I'm well protected for months. Refocusing against debt and adding to savings in the next couple of months.
The psychology of this video is so on point. Ive been day trading for 3 months now. I made around $3k and lost $1k from my profits all because of emotional trading, trying to make revenge from losing very small losses.
When I dabbled, I didn't spend enough time paper trading or have a complete trading plan. I'm watching these videos & taking notes to minimize mistakes. These videos help big time! 🍻 Cheers Shay!
Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose is the result of hard work and hustle over time. I pray that anyone reading this will be successful in life
Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose is the result of hard work and hustle over time
People come here with the aim of chasing money more than knowledge and that will damage your progress trust me. chase knowledge first and i promise the money will follow you.
@@sumitchowdhury1446 I've never made that kind of money. However, as a futures swing trader I place all my trades overnight and it rains Ford Expedition. I am not a millionaire but I do ok.
Thank you, Humbled Trader! I started my humble trading about a month ago. Now I am in process of learning how to suffer from all those mistakes and more. Thank you for your honest instruction.
Get a good broker to help take up your trades and also mentor you to avoid making huge losses as a beginner and make good and deep research before commencing any trade you're not sure of.
Biggest trading mistakes I have made 1. Having multiple big screens and spreading charts like worms in a can 2. Unhealthy eating and neglecting the tremendous effects of nutrition on focus 3. Counting Lamborghinis before they hatch 4. Scouring UA-cam for stories of glories from daytraders 5. Daydreaming
So far my biggest mistakes have been on paper. Example. Setting up a take profit which didn't consider what percent of the stock I was really looking at. Can't tell you how many times that made me miss bigger ups. Researching a company carefully and literally buying a similar sounding company - that mistake is done...but it is a much healthier company than the one I intended to research so I might as well hold and see what happens. You're no. 3...I've never considered Lamborginis before they hatch. My mind doesn't operate on greed. Maybe that'll keep me less emotional about money? Just like how on my channel I have taught how to maker better horsepower when I really care about gas mileage, I too am enjoying the game of it, more than actually caring about getting money. This might be a very good personality trait. You're no. 4 was very much worth clicking read more on! I wasn't looking for this video, in fact, I really want to trade for long term, but I'm learning some short-term trading lessons on the way just because...no matter my personality. . . . some more instant gratification...yeah, I'm not invulnerable. 5. Daydreaming...what kind of daydreaming is bad??
Hey, I just wanted to say that I searched up “Who is a reputable person to learn trading from reddit” and came across your name. I watched a few videos and I respect the honest. Truly appreciate it. Keep doing what you’re doing because you’re one of the people that makes this world a better place. Take care and inspire on, Brandon
I am starting off with a smoll potato account and am very risk averse but I’ve followed your videos diligently from the very first “How to trade in 30 days” back in Feb. Done the paper trades for 2 months-ish and have made some stupid mistakes that I am realllyyyyy glad I did before real money. I’m starting this Monday with real money and although I’m scared, it’s more of a feeling of excitement. I know there will be ups and downs but I’ll try my best to be disciplined with my stop losses. I pledged that once I’ve made X, I’ll be able to afford to join your Discord community and meet like minded traders. Thanks for all your hard work
@HumbledTraderOfficial03 I want to be excited that Shay replied me but this seems suspicious and not from the main account despite the same profile photo
I like her energy and humor. If I may add, money management is also quite important in this business. If you just started, use only 5 to 10% of your account so you don't blow it in just one or two trades. Set aside the gains on a separate account so you don't feel euphoric and overconfident- a recipe for disaster in these volatile times.
literally just started day trading about a week and a half ago and already made like two of these mistakes LMFAO had some losses with the recent dip in the market but im learning slowly and surely 🥺
dont do stupid things like day trading. build a portfolio like all professional hedge fund traders do. if you really want to day trade maybe keep 10% of your portfolio liquid for event driven trades
Absolutely! Take the time to learn, like everything in life, you have to put the hours in. It's a marathon, not a sprint. Real money, changes your psychology...learn to control your emotions, and have a clear head!
Can you offer any insight into trading in a LLC, filing as S corp, in the US and how to manage payroll, deduct expenses, 401k contributions, etc? Thank you and love your content.
Newbie. Nil experience. Nil knowledge. Searched many channels and youtube videos. So many promises:$100 to $10,000 (I don't trust them, either they bragging it, they fake it or they have hidden product to sell). Stumbled upon this channel. Watched some of its videos. Seems to be honest view of a trader. I decided to SUBSCRIBE HUMBLED TRADER.
really hard to day trade, you can be consistent and banking 1 month, you get lucky second month... then boom! 3rd month all those gains are down the drain just from 1-2 days of trading. Worst part is yea you lose the money... you can think of getting it back/ but the time and effort that was put in those months is wasted just like that in a snap... which i think is the worst part aswell.
Glad this came across my feed... #4 is the mistake I've been making and it is most definitely an anxiety inducer and account killer. Causes you to pull out of winning trades when they pull back before making their next leg higher. And they always seem to pull back right when you buy in, so you dump out, take a loss, only to watch it make the move you were going for 15sec later.... So it turns into "death by a thousand paper cuts", kind of trading because you repeat it trying to "catch the next one." SMALL size leads to big wins. Much easier psychologically, to weather the pull backs as a stock makes its moves.
Good advice, I spend 2/3 hrs a day doing my DD before making morning trades, at noon I stop for the day and walk away. Sometimes I miss out on a spike but I get to enjoy the day.
I have been trading 7 months now and guilty of FOMO and holding bags from taking too large of a position. I am JUST starting to create a plan. I wasn't even using a stop loss. I wish I found your channel months ago. Although I didn't blow up my account, I have had an eye opening experience of how quickly money can be lost based on emotion. Thanks Humble Trader.
I felt like someone literally dictating my trading story line by line. I did ALL of them. Made those mistakes and lost bunch of money. 😭📉 Only conciliation is I'm not alone. Thanks for this video, it feel like kick in my butts and waking up.
I think this is a well done video. I especially like when you talk about "revenge trading," because we've all been there. It's crushing to go from up several hundred to red.
Dude, I love you. Literally no catch just straight to the point and humble. You just want us to win. I also love that your parents immigrated and you did the best of it. I hope to do the same
You’re really a humbled trader for real. Over 1M subs, you’re successful yet driving a family car.. but you are inspiring a lot of folks out there. God bless 🙏🏻
That's usually how a trading account starts. I started with $6k in 2018. Over 2 years lost $2k, then since last April worked my way up to $10k actually becoming profitable. It was a pain in the ass though. In the end it was small position sizing, multiple positions, and option spread selling mixed with etf holding and stock swing trading.
Great video! I have never met a successful day trader in real life. That being said, I am an active trader making many trades a day. Sometimes you got to hold the good ones. I agree with everything you said.
I did those mistakes and decided to temporarily quit trading with real money. Going to take time to learn with fake money. And follow your channel, like you being straight to the point.
This was definitely on point. I've been trading a year and a half now and I've finally gotten to the point where I'm starting to make consistent profits, but yeah I've made all those mistakes so I definitely can relate.
I want to thank you for this video. It is probably the best video I have seen on the mistakes we all make while day trading. Straightfwd. In a nutshell it is all there. Greed and not setting stop-losses are certainly our worst enemies on this journey. Self-control is paramount to finding success in my opinion. Cheers!
This was the best! To every point I was saying yes me too and it reminded me how brave yet stupid I was at the time (before UA-cam educational videos such as these). Thank you for this and your channel. I am now starting again but the right way with knowledge, practice and sensibility. Let's see how it goes 🙏🏽
I love how passionate you are, how passionately you communicate your content. I barely know you and I feel you truly are as experienced as you say. Looking forward to getting to know you even more!
I am giving myself a full year of learning before I make a single trade, I will still make my picks but only on paper. I dont expect to learn everything from UA-cam either before making a trade, as Humbled Trader has pointed out she made every mistake she could so there will always be something to learn!!!
This video came at a perfect time I was considering giving up on day trading as I have not been making profits consistently and questioned whether or not it was worth my time trading at market open every morning. Having you point out all these mistakes traders make allowed me to realize how many other traders are going through the same situations and how I can overcome them. Tomorrow is a new day so I will focus on avoiding previous mistakes and make smarter trades. Thank you!
This is sooooo true! I am a forex trader and I lost 4% of my account today (was in my planned risk) but I had to just step out and not revenge trade. I'll wake up to a brand new day and just continue sticking to my plan. We always will lose somehow and it's just part of the process, trust the process!!!
Those are good tips, beautiful. Some of the same mistakes I made 10 yrs back, I even quit trading. But learned lessons afterwards . Looking back, it's experience that counts. But starting again and gaining self confidence and lessons learnt, made it a dream come true. Failures are lessons , the more failures the better prepared and self confident.. Just note, done get bankrupt. 😁
I've been trading for about 6 months. Made mistakes and lost money as most do. But I keep seeking knowledge; I just wont stop trying to learn. This video, as compared to so many I have watched demonstrates a sincerity to help others. I fully recommend her. She is genuine.
You tell the best advise i have heard from anyone on UA-cam that talk about stock trading. With the humour it makes my day. Your right you have to know when you have made or lost enough on trades that morning and just shut it down and do something else .. BUT NO MORE TRADING. I too have learned from the hard school of knocks.. but lessons learned. Smashing the Like Button keeps the account from blowing up watching these great educational videos you have produced Humbled Trader. I need to make a T-shirt "Day Traders make better Covid 19 Isolators " :) Stay in the Green and enjoy hunkering down to a nice hot Java.. and 4 am PST ( Grogginess) But at least you get to see the sun rise. Cheers H .T.
I’m watching this after I made $300 on $UAVS & $VISL today. And then tried to buy in the dips to catch another run and ended up losing $500.... the content of this vid was what i did wrong today. And I’ve definitely made that mistake before. My goal is $100 a day. So far this week I was up $700. I would’ve been up $1000 for the week but since i got greedy instead I’m up $400 now. Great video and hopefully I take this lesson from today to better myself!
A daily goal is never a good idea. Let me try to enplane why. The market doesn't always offer $100 a day, and some days it offers $1000. If you are focused on a set dollar amount you trade to much when the market doesn't have money to give, and you limit your profits when the market is running. Stop thinking about money, and start thinking about opportunities. You job isn't to make money. A traders job is to recognize opportunities when they have a probability edge, and to take, and manage those setups. Nothing else. Good trading !
Griffin Reitz well said! You’re absolutely right. Some days it’s better not to trade at all. What I should’ve said is if I can make $100 on a given day I’ll be happy! Thanks for the advice!
As an absolute beginner at trading I would like to thank you Shay for your personal experience based advice as all the lessons are invaluable to me. I’ll still make some mistakes but with your guidance probably a lot less and more successes and I’ll stick to your rules especially not to get too greedy
Wrap-up 1 Not Having aTrading Plan 2 Over Trading 3 Not spending enough time on Paper Trading 4 Scale up your size to quickly. 5 Following Trade Alerte.
The second mistake you're making is not starting investing now. Tomorrow you will have made that same mistake again, etc. Except with each day that passes, that mistake becomes increasingly costly.
If you keep on revenge or overtrading or trading with emotion, in the end of the day you'll be staring at nothing trying to using the power of your mind to turn back the time and regret what you've done. Trading was never designed for emotion, when emotions kick in we get lost along the way.
i've done some of these but also avoided some on my own recognizance. i feel like i'm on the right path. i just haven't written down my trading plan. mainly because i still don't know the example of one. but other than that i really have been doing everything else.
You seem like such a sweet lady and so educated in this field, i love learning from your videos and hopefully i can wake up, stretch and trade just like you. Thank you for being you!
I've been trading successfully for years. Most of what you say is true, but one suggestion..... simplify things. I use to do all those crazy stocks and finally quit it. It was too much work. Too much wasted focus. Another thing... Paper trading is worthless. There is no emotion involved. So.... Trade the ES, focus on one thing and get good at it. Get rid of all those monitors, learn price action. Trade the ES between the opening + 3 hours and then quit for the day. There. That's it. Simplify, simplify, simplify. You should easily be able to pull out +300 a day.
I totally agree of most of what you said. I am a full time trader who trades the ES minis in the futures market. I have been doing it for years now. I agree with the paper trading. Instead of paper trading trade the micro ES "MES" It's less money but is good practice with live trading. Another thing most of my losses are under $75 a contract. In all my years my biggest loss was $200.00 a contract that was in my beginning stage. In the ES there are lots of opportunities to make very good money with very little losses (example $65.00 stop loss) but you need to know when to get in. Yes you can make a very very good living trading but get rid of the notion you will be a millionaire in 6 months, never going to happen! A doctor, pilot, judge etc put in large amounts of time to their career what makes you think you can jump in front of a computer knowing absolutely nothing about the markets but yet think you can make a million $$$ in a month?!!! You can make a large amount of money and a very good living trading but it will take seat time and lots of it. It's not all trading to succeed. The mind plays a large part of your trading!! Good luck all.
I've been following you since January a few weeks before I started trading. I have literally done everything you're describing...and today...sadly...I made the biggest mistake to date and lost more than I've profited the entire two months. I broke all of the rules I've set since I started in January today. I didn't research the security, I didn't have a plan, I let my emotions dictate the trade, and instead of coming out on top, I came out waaaaaaayyyyyy down. I thought I had the trading game down but I find myself looking to your incredibly instructional videos again. Starting from the drawing board and taking your advice to heart. You've been inspiring and real compared to all the other "trading gurus." Thank you for your videos and taking the time to help out some newbs traverse the trading world.
im trading for 6 moths and in the average, i only profited i never lost big amounts of money only small fractions. what she says in the video is true. a friend taught me trading and i listened from the begining and i never made big mistakes.
My biggest mistake was investing into Real estate but really you should know the competition is on and every trader wants to be the best and successful but the truth is not everyone will sees the market profitable...
The big difference is pros recognize when they are making mistakes and scale back, or take a break. The pros also know the probabilities will work out n the end, so very little emotion is evolved. A mistake, or a non preforming trade, is just the cost of doing business. It has nothing at all to do with the next trade.
1. Check 2. Check 3. Check 4. Check 5. Check Wow all those in one single trade i must be genious for making mistakes. Its like my biggest flaw is i know exactli what to do yet i do exact opposite. Genious
Penny stocks discord chats are absolute scams 90% of the time. Just realized this a couple of months ago. Didn't lose too much thankfully. Great call-out!
I mean, if you simply research the stock they are chatting about, and then make your own decision, they can be very helpful. I use them for additional stocks to add my list daily. Also, there's generally at least a few people who make good calls consistently. I don't blindly follow what they say, but they make solid calls.
🍻 Cheers Shay! Yes the first 3 are the ones needed to build good planning and good execution, the 4th is also money management and the 5th is just basic logic - I'm starting and your videos are quite enjoyable and full of good snippets for a powerful trading strategy
@@YC-tx3di I made some profit on it later but it did basically nothing for 2 years !!!! I also know a guy who gave away bitcoins to friends as gifts when it was under 50.
@@renukachad9725 One thing I've learned about trading , there is always opportunity especially with new companies , Old ways of valuing has gone focused on EV's for now.. looks promising .
got this video in my recommendation. Your influencial personality is an instant hit. I m ur fan now bcoz i wanna be Young Rich Retired. Age30 Delhi, india
@@renukachad9725 Stop spamming dude, it's disgusting. Preying on the vulnerable, I hope you wake up every morning hating what you have to do to make money. Try more honest work, like selling your body or something.
Thank you for the videos they really make it seem like one day I'll be able to be good at this. Watching the others with their get rich quick videos always felt like something wasn't being said. Watching your videos reassures me that I just need to keep learning and be patient. Thank you.
I think it was love at first sight... You are the first person that I can totally understand... You spoke from emotional perception...I get confused on other trades platforms... Thank you...I had to stop everything, closed almost all my apps...I needed to slow down and make sense of all this especially doing online... There's no firm foundation... Don't know what's really... Everything sounds so good... Or if you're lost is your fault you're not experienced
Most beginner traders don't realize just how challenging trading for a living is. It's the most challenging, introspective but rewarding business you will ever undertake. It reveals your weaknesses that you never knew you had, but makes you a stronger person on the other side. Great humor added to such a dry subject for most. Great job!
Fantastic points, but i’d say those that make it to the other side are stronger from the experience, most won’t get there unfortunately
@@chrisfu5807 True.
She really is great and beautiful 🤩
I think that most people know the stats. Twenty percent of traders can make a living, the rest starve. Is that right?
I got lucky on a long-term gain, but am looking at trading now. The amount and variety of information I've learned about the world and economics more than makes us for any losses.
Will be practicing with paper money today though (for the first time).
@@MXMLLN I would say the stats are more dire than that, unfortunately.
Here's my advice, get a goodnight rest, and take your profit. Don't be greedy.
Yep . You take profits u don't loose your money
@Projectile Live lol i make more money on demo than in live
take profit sometimes means lose money as well. This is not a good advice at all
@Projectile Live nerds are usually horrible at handling emotions. emotions is the key to playing the stock market.
MOTIVATION FORYOU I made $290 dollars on a demo account then $3 on my real account 😭
When I first got into trading 4 years ago I heard it from a friend who showed me about penny stocks. I lost all my capital and got discouraged and stopped learning. Now I’m starting back into learning and decided i’m following through with learning this business. The most important thing right now is knowledge and learning from others’ mistakes and being patient. Thank you for your videos!!
It's also advisable to have a broker too!
I’m you 4 years ago. In left with 23% of my capital.
I only have 3 investments. Rocketlab, a penny stock, a Dividend stock and an Index Fund. I have high risk, compound growth and low risk strategies. I keep it simple like that.
where are you now?
One word - Gary Kaltbaum. Free information about how to play this game, and he’s sniffed out every bear market in advance and sidestepped it.
So far. No guarantees.
That hits me so hard: "Day trading is 90% planning and 10% executions." I actually used to do the contrary. Thank you Humbled Trader for your wisdom, I am so delighted watching your videos. I like to SMASH the LIKE BUTTON first even before I start watching because I know your videos always awesome and delightful!
Why day trade isn’t it more risky?
I lost 70k since I've graduated from high school in the stock market from no technical skills. Took me 7 years. About to turn 26 soon and this person speaks the truth. I started off this coronavirus layoff pandemic daytrading. First week I woke up at 7am and daytraded all day... Would make some and lose some... but then after that first week I realized that first 1 hour and last 1 hour is all I needed to play.
Day trading is awful... but constantly making 1k-5k a day is very very rewarding as long as you record everything and don't compare yourself to other traders or investors that are much much more wealthier and better at trading than you.
Ohh I meant to add that I learned from all those mistakes and this year been crushing it on technicals. Literally only losses are from being too greedy and overtrading overnight...
This year so far made back the 70k and an additional 133k so far.
@@jackzheng2125 Well done! emotionless discipline is the key
@@jackzheng2125 do you teach?
I want to learn how to invest and etc
Jack Zheng why do you say day trading sucks?
Invest when you can afford to lose . Dont gamble your savings.
Totally gambling some savings but then my savings are really up right now and I'm well protected for months. Refocusing against debt and adding to savings in the next couple of months.
How you gonna get a Lamborghini if your not gamble? 🤔🤔🤔🤔
@@tracynguyen68 right!!! Risk make champions
If u try to gamble here u will killing ur self for real 😅
Lewis Aron Wow isn’t it a crazy coincidence you have the EXACT same name as your coach 😲
The psychology of this video is so on point. Ive been day trading for 3 months now. I made around $3k and lost $1k from my profits all because of emotional trading, trying to make revenge from losing very small losses.
Me too. Chasing losses is literally the definition of gambling addiction
what did you start with? how much studying did you do before starting.
That’s pretty good. I wish I have time to day trade. I’m not really a morning person.
yeah same experience. i had to switch off emotions during my sesh. now learned my lesson + over 2 years of trading & recently made overall 200k.
Best advice I can give is to get a good broker that can help take up your trades and mentor you.
When I dabbled, I didn't spend enough time paper trading or have a complete trading plan. I'm watching these videos & taking notes to minimize mistakes. These videos help big time! 🍻 Cheers Shay!
Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose is the result of hard work and hustle over time. I pray that anyone reading this will be successful in life
I advice everyone to start investing and never rely on just salary.. No billionaire made it through salary.
Yeah i agree with you sir
Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose is the result of hard work and hustle over time
If you want to be successful have the mindset of the rich, spend less and invest more. Don't give up your dreams.
People come here with the aim of chasing money more than knowledge and that will damage your progress trust me. chase knowledge first and i promise the money will follow you.
“You cannot wake up out of bed ten minutes before market open and expect it to rain Lamborghini “ truth
But i legit saw someone place an order at night & at morning when the market opened he was +800k in the first 10mins of market opening....
@@sumitchowdhury1446 I've never made that kind of money. However, as a futures swing trader I place all my trades overnight and it rains Ford Expedition. I am not a millionaire but I do ok.
@@bertdesantis if you wanna make up to 20,000usd do yourself a good by contacting
@@joanbryan4595 what?
I would be happy with it raining Corollas.
This is probably your best "free" trading video ... in fact ... probably the best on the web.
Started trading for one week and I'm already on every mistake.. Hhahahaha this channel really an eye opener
All part of learning!
Thank you, Humbled Trader! I started my humble trading about a month ago. Now I am in process of learning how to suffer from all those mistakes and more. Thank you for your honest instruction.
Get a good broker to help take up your trades and also mentor you to avoid making huge losses as a beginner and make good and deep research before commencing any trade you're not sure of.
Biggest trading mistakes I have made
1. Having multiple big screens and spreading charts like worms in a can
2. Unhealthy eating and neglecting the tremendous effects of nutrition on focus
3. Counting Lamborghinis before they hatch
4. Scouring UA-cam for stories of glories from daytraders
5. Daydreaming
3-5 sounds like motivation to me. You just needed to act on it!
So far my biggest mistakes have been on paper.
Example. Setting up a take profit which didn't consider what percent of the stock I was really looking at. Can't tell you how many times that made me miss bigger ups.
Researching a company carefully and literally buying a similar sounding company - that mistake is done...but it is a much healthier company than the one I intended to research so I might as well hold and see what happens.
You're no. 3...I've never considered Lamborginis before they hatch. My mind doesn't operate on greed. Maybe that'll keep me less emotional about money? Just like how on my channel I have taught how to maker better horsepower when I really care about gas mileage, I too am enjoying the game of it, more than actually caring about getting money. This might be a very good personality trait.
You're no. 4 was very much worth clicking read more on! I wasn't looking for this video, in fact, I really want to trade for long term, but I'm learning some short-term trading lessons on the way just because...no matter my personality. . . . some more instant gratification...yeah, I'm not invulnerable.
5. Daydreaming...what kind of daydreaming is bad??
Perfect 👌👌
Add this one to the list : day trading when there is no volatility.
@@thewolfofswingthat2035 Oh man! Tell me about it
Hey, I just wanted to say that I searched up “Who is a reputable person to learn trading from reddit” and came across your name. I watched a few videos and I respect the honest. Truly appreciate it. Keep doing what you’re doing because you’re one of the people that makes this world a better place.
Take care and inspire on,
Brandon
Are you also a newbie?
I am starting off with a smoll potato account and am very risk averse but I’ve followed your videos diligently from the very first “How to trade in 30 days” back in Feb. Done the paper trades for 2 months-ish and have made some stupid mistakes that I am realllyyyyy glad I did before real money. I’m starting this Monday with real money and although I’m scared, it’s more of a feeling of excitement. I know there will be ups and downs but I’ll try my best to be disciplined with my stop losses. I pledged that once I’ve made X, I’ll be able to afford to join your Discord community and meet like minded traders. Thanks for all your hard work
@HumbledTraderOfficial03 I want to be excited that Shay replied me but this seems suspicious and not from the main account despite the same profile photo
I like her energy and humor. If I may add, money management is also quite important in this business. If you just started, use only 5 to 10% of your account so you don't blow it in just one or two trades.
Set aside the gains on a separate account so you don't feel euphoric and overconfident- a recipe for disaster in these volatile times.
literally just started day trading about a week and a half ago and already made like two of these mistakes LMFAO had some losses with the recent dip in the market but im learning slowly and surely 🥺
People are scared of investing
You are right
dont do stupid things like day trading. build a portfolio like all professional hedge fund traders do. if you really want to day trade maybe keep 10% of your portfolio liquid for event driven trades
same here. lost 200% of what I have gained on my first few days of trading.
@@ariannevelasco9395 are you still trading?
Absolutely! Take the time to learn, like everything in life, you have to put the hours in. It's a marathon, not a sprint. Real money, changes your psychology...learn to control your emotions, and have a clear head!
Can you offer any insight into trading in a LLC, filing as S corp, in the US and how to manage payroll, deduct expenses, 401k contributions, etc? Thank you and love your content.
Hello, i am a beginner here. All of those mistakes u mentioned- i am guilty of it. We all learn from our mistakes. Thank you for sharing!
I've experienced all of these emotions that you have mentioned. It's good to see we're all in the same boat
I’ve been trading for 2 months, I can’t explain enough how much I relate to these mistakes and what I have already learned from them.
+1 3 1 6 3 3 3 7 5 8 9
How many lambos you got?
Newbie. Nil experience. Nil knowledge. Searched many channels and youtube videos. So many promises:$100 to $10,000 (I don't trust them, either they bragging it, they fake it or they have hidden product to sell). Stumbled upon this channel. Watched some of its videos. Seems to be honest view of a trader. I decided to SUBSCRIBE HUMBLED TRADER.
Keon is honest too. He helped me get started and you could ask him for help too
KeonKhu
That's his G.M
Addresss
really hard to day trade, you can be consistent and banking 1 month, you get lucky second month... then boom! 3rd month all those gains are down the drain just from 1-2 days of trading. Worst part is yea you lose the money... you can think of getting it back/ but the time and effort that was put in those months is wasted just like that in a snap... which i think is the worst part aswell.
It's very good to make deep analysis before trading and also seek the help of a broker to guide you through too!
That's TERRIBLE risk management
Wasted only if you dont learn a lesson
Making mistakes and losing money is the only thing that motivates me to better. There is no way I could play with pretend money to get any better.
Same here. I learned from losses and see if I could have done things differently.
I committed all these mistakes in my first year of trading. Such great insight! You’re a Saint!
Glad this came across my feed... #4 is the mistake I've been making and it is most definitely an anxiety inducer and account killer. Causes you to pull out of winning trades when they pull back before making their next leg higher. And they always seem to pull back right when you buy in, so you dump out, take a loss, only to watch it make the move you were going for 15sec later.... So it turns into "death by a thousand paper cuts", kind of trading because you repeat it trying to "catch the next one." SMALL size leads to big wins. Much easier psychologically, to weather the pull backs as a stock makes its moves.
Definitely guilty of scaling up too quick. I was totally not ready for the red.
Been there
Good advice, I spend 2/3 hrs a day doing my DD before making morning trades, at noon I stop for the day and walk away. Sometimes I miss out on a spike but I get to enjoy the day.
Trading is a unique profession in that once well informed, the less time you spend trading, the more successful you will be in the long term.
📠+4! 4! 7! 8! 6! 2! 1! 2! 7 4! 4! 9 G,E,T O,N W,H,A,T,S,A,P,P
I have been trading 7 months now and guilty of FOMO and holding bags from taking too large of a position. I am JUST starting to create a plan. I wasn't even using a stop loss. I wish I found your channel months ago. Although I didn't blow up my account, I have had an eye opening experience of how quickly money can be lost based on emotion. Thanks Humble Trader.
It advisable to get s good broker that can help take up your trades and guide you.
From Trading > Emotional trading > Revenge trading
Totally relatable
what i like about her is that she doesn't sell bs which most people fall for usually..
After 3 years of on/off trading. I’m just starting to take it serious. This Video HIT me hard for real.
You are very authentic and honest. The financial youtubers that show their imperfections are much more believable.
I felt like someone literally dictating my trading story line by line. I did ALL of them. Made those mistakes and lost bunch of money. 😭📉 Only conciliation is I'm not alone. Thanks for this video, it feel like kick in my butts and waking up.
How is it going now?
I think this is a well done video. I especially like when you talk about "revenge trading," because we've all been there. It's crushing to go from up several hundred to red.
Dude, I love you. Literally no catch just straight to the point and humble. You just want us to win. I also love that your parents immigrated and you did the best of it. I hope to do the same
She's not a dude, girl.
@@christylouis2611 it's just slang lmao chill out
@@christylouis2611 dude chill out
You’re really a humbled trader for real. Over 1M subs, you’re successful yet driving a family car.. but you are inspiring a lot of folks out there. God bless 🙏🏻
trading account: -26%
Investing account: 191%.
Story of my life.
More like earning massively am open for a directive
Then try earning with portfolios they help a lot
I know but I don’t know where to start in engaging with any , I want a reliable portfolio that can help me recover my loss
That's usually how a trading account starts. I started with $6k in 2018. Over 2 years lost $2k, then since last April worked my way up to $10k actually becoming profitable. It was a pain in the ass though. In the end it was small position sizing, multiple positions, and option spread selling mixed with etf holding and stock swing trading.
The technical aspects of trading holds the key to understanding the market
Great video! I have never met a successful day trader in real life. That being said, I am an active trader making many trades a day. Sometimes you got to hold the good ones. I agree with everything you said.
swing trade?
try Amelia Babasa Wood search her on web, she is very popular
thank me later
How is it going now?
Loved these tips. Because of you I'm doing paper trading and I've already learned soo much. Thank you 😊
I did those mistakes and decided to temporarily quit trading with real money. Going to take time to learn with fake money. And follow your channel, like you being straight to the point.
The greatest opportunity was having you Erica Will as my trader !!!
You are right wish I could meet her in person to appreciate her good techniques on generating ROI for me
I've just started trading... And made all these mistakes 🤦♂️ thank you for this video
+1 3 1 6 3 3 3 7 5 8 9
This was definitely on point. I've been trading a year and a half now and I've finally gotten to the point where I'm starting to make consistent profits, but yeah I've made all those mistakes so I definitely can relate.
Can you help me to trade
@@naomigachanja2487 what specifically do you need help with?
How to go about trading
@@naomigachanja2487 watch and study all the UA-cam videos you can. That should get you started.
I recommend Humbled Trader and Timothy Sykes
yes i made those mistakes already, i wish i knew your humble trader videos and watched.
I want to thank you for this video. It is probably the best video I have seen on the mistakes we all make while day trading. Straightfwd. In a nutshell it is all there. Greed and not setting stop-losses are certainly our worst enemies on this journey. Self-control is paramount to finding success in my opinion. Cheers!
This was the best! To every point I was saying yes me too and it reminded me how brave yet stupid I was at the time (before UA-cam educational videos such as these). Thank you for this and your channel. I am now starting again but the right way with knowledge, practice and sensibility. Let's see how it goes 🙏🏽
Good luck and many green days Eshani.
I love how passionate you are, how passionately you communicate your content. I barely know you and I feel you truly are as experienced as you say. Looking forward to getting to know you even more!
Thank you for telling us about your experience to help us learn.
But but I was told it would rain Lamborghinis with just $500 D: lol
Hahaha
Lol you need $600 these days
When you say “hit the like button” I’m like f*ck yeah! Really enjoying this channel!
Really? I love her videos but sometimes I can't help myself from cringing a little 😅
Mistake number one: Started day trading
lol gold
lmao swing trading is where its at man
The KnightWalker nah people just suck at daytrading, there’s so much info you can work with compared to swing trading imo
XD
Mistake number two: learn how to trade on youtube ;)
I am giving myself a full year of learning before I make a single trade, I will still make my picks but only on paper. I dont expect to learn everything from UA-cam either before making a trade, as Humbled Trader has pointed out she made every mistake she could so there will always be something to learn!!!
This video came at a perfect time I was considering giving up on day trading as I have not been making profits consistently and questioned whether or not it was worth my time trading at market open every morning. Having you point out all these mistakes traders make allowed me to realize how many other traders are going through the same situations and how I can overcome them. Tomorrow is a new day so I will focus on avoiding previous mistakes and make smarter trades. Thank you!
This is sooooo true! I am a forex trader and I lost 4% of my account today (was in my planned risk) but I had to just step out and not revenge trade. I'll wake up to a brand new day and just continue sticking to my plan. We always will lose somehow and it's just part of the process, trust the process!!!
Those are good tips, beautiful. Some of the same mistakes I made 10 yrs back, I even quit trading. But learned lessons afterwards . Looking back, it's experience that counts. But starting again and gaining self confidence and lessons learnt, made it a dream come true.
Failures are lessons , the more failures the better prepared and self confident.. Just note, done get bankrupt. 😁
I've been trading for about 6 months. Made mistakes and lost money as most do. But I keep seeking knowledge; I just wont stop trying to learn. This video, as compared to so many I have watched demonstrates a sincerity to help others. I fully recommend her. She is genuine.
You tell the best advise i have heard from anyone on UA-cam that talk about stock trading. With the humour it makes my day. Your right you have to know when you have made or lost enough on trades that morning and just shut it down and do something else .. BUT NO MORE TRADING. I too have learned from the hard school of knocks.. but lessons learned. Smashing the Like Button keeps the account from blowing up watching these great educational videos you have produced Humbled Trader. I need to make a T-shirt "Day Traders make better Covid 19 Isolators " :) Stay in the Green and enjoy hunkering down to a nice hot Java.. and 4 am PST ( Grogginess) But at least you get to see the sun rise. Cheers H .T.
not knowing when to pull out was a mistake of mine, being up 140% and saying 10 more percent Im out. Then being down. smh
LOL "not knowing when to pullout" that gets you in trouble anywhere in life.
I was up 400% on palantir options and I got greedy lmao lesson learned
Pigs get slaughtered
Same here, now I owe child support
@@kuyamigz2347 LMAO
I legit thought you were making an innuendo until I read the rest of the comment
I’m watching this after I made $300 on $UAVS & $VISL today. And then tried to buy in the dips to catch another run and ended up losing $500.... the content of this vid was what i did wrong today. And I’ve definitely made that mistake before. My goal is $100 a day. So far this week I was up $700. I would’ve been up $1000 for the week but since i got greedy instead I’m up $400 now. Great video and hopefully I take this lesson from today to better myself!
A daily goal is never a good idea. Let me try to enplane why.
The market doesn't always offer $100 a day, and some days it offers $1000. If you are focused on a set dollar amount you trade to much when the market doesn't have money to give, and you limit your profits when the market is running.
Stop thinking about money, and start thinking about opportunities. You job isn't to make money. A traders job is to recognize opportunities when they have a probability edge, and to take, and manage those setups. Nothing else. Good trading !
Griffin Reitz well said! You’re absolutely right. Some days it’s better not to trade at all. What I should’ve said is if I can make $100 on a given day I’ll be happy! Thanks for the advice!
As an absolute beginner at trading I would like to thank you Shay for your personal experience based advice as all the lessons are invaluable to me. I’ll still make some mistakes but with your guidance probably a lot less and more successes and I’ll stick to your rules especially not to get too greedy
Wrap-up
1 Not Having aTrading Plan
2 Over Trading
3 Not spending enough time on Paper Trading
4 Scale up your size to quickly.
5 Following Trade Alerte.
Thank you....
3a at 7:08 Not Smashing the LIKE Button LOL
Thanks
@@digigoliath LOL got em
The only mistake I made is not starting investing when I was young.......
It's okay, it's investment for now!
The second mistake you're making is not starting investing now. Tomorrow you will have made that same mistake again, etc. Except with each day that passes, that mistake becomes increasingly costly.
@@max_im_um already did d;)
@@chiefchowmein5498 Good, this story can have a happy ending!
that's ur problem, but i still 16 so i have really much time :)
If you keep on revenge or overtrading or trading with emotion, in the end of the day you'll be staring at nothing trying to using the power of your mind to turn back the time and regret what you've done. Trading was never designed for emotion, when emotions kick in we get lost along the way.
i've done some of these but also avoided some on my own recognizance. i feel like i'm on the right path. i just haven't written down my trading plan. mainly because i still don't know the example of one. but other than that i really have been doing everything else.
I love trading ❤
Same here
You seem like such a sweet lady and so educated in this field, i love learning from your videos and hopefully i can wake up, stretch and trade just like you. Thank you for being you!
I've been trading successfully for years. Most of what you say is true, but one suggestion..... simplify things. I use to do all those crazy stocks and finally quit it. It was too much work. Too much wasted focus. Another thing... Paper trading is worthless. There is no emotion involved. So.... Trade the ES, focus on one thing and get good at it. Get rid of all those monitors, learn price action. Trade the ES between the opening + 3 hours and then quit for the day. There. That's it. Simplify, simplify, simplify. You should easily be able to pull out +300 a day.
^ This. This guy knows.
What does ES stand for?
I totally agree of most of what you said. I am a full time trader who trades the ES minis in the futures market. I have been doing it for years now. I agree with the paper trading. Instead of paper trading trade the micro ES "MES" It's less money but is good practice with live trading. Another thing most of my losses are under $75 a contract. In all my years my biggest loss was $200.00 a contract that was in my beginning stage. In the ES there are lots of opportunities to make very good money with very little losses (example $65.00 stop loss) but you need to know when to get in. Yes you can make a very very good living trading but get rid of the notion you will be a millionaire in 6 months, never going to happen! A doctor, pilot, judge etc put in large amounts of time to their career what makes you think you can jump in front of a computer knowing absolutely nothing about the markets but yet think you can make a million $$$ in a month?!!! You can make a large amount of money and a very good living trading but it will take seat time and lots of it. It's not all trading to succeed. The mind plays a large part of your trading!! Good luck all.
Thanks Shay, I love this video. I've wathched at least 4 times !
Thank you!! Great to be reminded. I'm paper trading at the moment, setting small goals and trying to get consistency before LIVE. Thanks again.
"I'm at the place in my life where running errands counts as going out"
Whoever you are I'm blushing...
I've been following you since January a few weeks before I started trading. I have literally done everything you're describing...and today...sadly...I made the biggest mistake to date and lost more than I've profited the entire two months. I broke all of the rules I've set since I started in January today. I didn't research the security, I didn't have a plan, I let my emotions dictate the trade, and instead of coming out on top, I came out waaaaaaayyyyyy down. I thought I had the trading game down but I find myself looking to your incredibly instructional videos again. Starting from the drawing board and taking your advice to heart. You've been inspiring and real compared to all the other "trading gurus." Thank you for your videos and taking the time to help out some newbs traverse the trading world.
Sheeeeeeeet.
You live and you learn.
@@MM-ze1gx Yea for sure. I just learn the hard way =P
im trading for 6 moths and in the average, i only profited i never lost big amounts of money only small fractions. what she says in the video is true. a friend taught me trading and i listened from the begining and i never made big mistakes.
My biggest mistake was investing into Real estate but really you should know the competition is on and every trader wants to be the best and successful but the truth is not everyone will sees the market profitable...
Love listening to your stories. Such great advice! You're the best.
Lynn Hale i Will love you if you could be my wife
I would say that these mistakes aren't exclusive to beginners. Even pro's make them but at a much lower frequency~ Thanks for the vid.
The big difference is pros recognize when they are making mistakes and scale back, or take a break. The pros also know the probabilities will work out n the end, so very little emotion is evolved.
A mistake, or a non preforming trade, is just the cost of doing business. It has nothing at all to do with the next trade.
Thanks for the video. I have done all these mistakes.
1. Plan your trades
2. Overtrading
3. Not spending time on Paper trading
4. Scaling up your share size too quickly
5. Following Alerts
#1 should be NOT planning your trades as that is a mistake.
You forgot 3a - not hitting the like button for the video
1. Check
2. Check
3. Check
4. Check
5. Check
Wow all those in one single trade i must be genious for making mistakes. Its like my biggest flaw is i know exactli what to do yet i do exact opposite. Genious
I love how realistic you share your contents 🙂
Penny stocks discord chats are absolute scams 90% of the time. Just realized this a couple of months ago. Didn't lose too much thankfully. Great call-out!
@Tom Probably the next guy who commented lol
I mean, if you simply research the stock they are chatting about, and then make your own decision, they can be very helpful. I use them for additional stocks to add my list daily. Also, there's generally at least a few people who make good calls consistently. I don't blindly follow what they say, but they make solid calls.
1:40 - 1. trading plan
4:05 - 2. overtrading
What do you recommend for those who are starting to be a trader? What books or literature do you recommend studying? Thank you very much.
I'm commenting incase someone replies, I really need it too loo
Me too
Wow
Nice video... I wish this can be taught in schools so my kids could learn, every one need to learn stuffs like this
best way is to never borrow money, save it and put your money on shares you own for the long haul
🍻 Cheers Shay! Yes the first 3 are the ones needed to build good planning and good execution, the 4th is also money management and the 5th is just basic logic - I'm starting and your videos are quite enjoyable and full of good snippets for a powerful trading strategy
George muttac is just too good at studying the market and making a strategy and I am learning so much from him.
No doubts! been making $6k-$7k weekly with the knowledge of George_muttac
This sounds like everything I have done this year. I am studying and learning everyday. You are talking to me.
Not holding my Bitcoin position when it was under 50$
Celtic Tiger ouch
@@YC-tx3di I made some profit on it later but it did basically nothing for 2 years !!!! I also know a guy who gave away bitcoins to friends as gifts when it was under 50.
@@renukachad9725 One thing I've learned about trading , there is always opportunity especially with new companies , Old ways of valuing has gone focused on EV's for now.. looks promising .
You are speaking to me, I am so humbled that I am paralyzed with fear.
Spot on ...done all of this, and still do ...GRRRRRR
got this video in my recommendation.
Your influencial personality is an instant hit.
I m ur fan now bcoz i wanna be
Young Rich Retired.
Age30
Delhi, india
@@renukachad9725 Seems like you were so poor you couldnt even afford a period.
@@renukachad9725 Stop spamming dude, it's disgusting. Preying on the vulnerable, I hope you wake up every morning hating what you have to do to make money.
Try more honest work, like selling your body or something.
I have seen many stock trading talks on youtube. Yours is among the most helpful ones. Thank you so much.
Thank you for the videos they really make it seem like one day I'll be able to be good at this. Watching the others with their get rich quick videos always felt like something wasn't being said. Watching your videos reassures me that I just need to keep learning and be patient. Thank you.
I think it was love at first sight... You are the first person that I can totally understand... You spoke from emotional perception...I get confused on other trades platforms... Thank you...I had to stop everything, closed almost all my apps...I needed to slow down and make sense of all this especially doing online... There's no firm foundation... Don't know what's really... Everything sounds so good... Or if you're lost is your fault you're not experienced
5:30 “F this BS! Working at McDonald’s easier!”
Laughed so hard at that whole example and the captions that I almost choked on a cookie!
😧
I was gonna comment that 😂 hilarious
Where have u been all my life, and now I finally found u..😁😁 u earn my subscription
LIMITING a winning TRAde is better than overtrading and starting a series of losing streak.