If you’re thinking of Quitting Trading - Watch This!

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  • Опубліковано 20 вер 2024

КОМЕНТАРІ • 1 тис.

  • @HumbledTraderOfficial
    @HumbledTraderOfficial  Рік тому +68

    What do you tell yourself when day trading gets hard?

    • @ashtonhunter4727
      @ashtonhunter4727 Рік тому +7

      Is it the strategy or something in your life?
      Fix it
      Think of it as a blip in the long run

    • @evergreeninvest
      @evergreeninvest Рік тому +14

      The market will come back around. Have patience.

    • @HumbledTraderOfficial
      @HumbledTraderOfficial  Рік тому +6

      @@evergreeninvestI love this 🙌🏼🙌🏼🙌🏼

    • @ben5986
      @ben5986 Рік тому +3

      I’m looking forward for long term investments. Because I do a full-time job during the market open to close time in Canada .

    • @okeziefrankoffor9049
      @okeziefrankoffor9049 Рік тому +4

      Timely video for me... Ain't giving up

  • @robertsimon6500
    @robertsimon6500 Рік тому +77

    I am now 72 years old I started 1998 more as an investor unfortunately the internet bubble came along and pretty much broke me. I learned never to go on margin again after that and it took almost15 year to write off all the losses. I have learned
    Trade in the market you have not what you want.
    Try not to take big losses, notice I SAID TRY.
    Admit when you made a mistake and move on, DO NOT TRY TO REVENGE TRADE.
    I never swing for the fences anymore.
    I only day trade when the set up presents itself
    If a stock does not hit my buy point I just let it go.
    I love the stock market because every day it is something different, sectors are always in rotation
    Your able to win if your able to stay in the game, turn off the news and the pundits and just trade or invest in what is in front of you.
    Like the woman said in Forest Gump there will be another bus come along shortly.

    • @adammckay2647
      @adammckay2647 Рік тому +1

      Very well said. Thank you

    • @fgltv4479
      @fgltv4479 2 місяці тому

      You are going to meet Jesus soon. Are you ready to be judged by Almighty? one sin can send you to hell. Are you heading to heaven or hell? You need a redeemer for your sins. Bible says all are condemned to hell unless they come to Jesus to have their sins forgiven.

  • @tonyboulder.
    @tonyboulder. Рік тому +326

    Perseverance remains one of the essential keys when venturing or dealing with trade
    trading and investing in options will always be my best passive income because I make more than my salary through trade.

    • @Rechealhendarson
      @Rechealhendarson Рік тому

      Congratulation to you 🎉

    • @marypeters718
      @marypeters718 Рік тому

      Big props to you on your wins please how did you become successful, lately I find everything difficult how did you overcome fear of loosing facing same here

    • @tonyboulder.
      @tonyboulder. Рік тому +2

      I felt same way when I started especially when you use demo account you might be winning but when you put in real money you start losing I understand and I pass through it all. I’m very happy I’m profitable now.

    • @Bellamariaa39gmailcom
      @Bellamariaa39gmailcom Рік тому

      ​@@tonyboulder.I’m encouraged keep it up

    • @gunarssonbilly.
      @gunarssonbilly. Рік тому

      please what precautions and measures did you take to become successful trader?

  • @TainoHans
    @TainoHans Рік тому +96

    To all who want to quit.
    Be patience.
    Learn with every trade, profit or not.
    Dont be greedy.
    Have very good risk analyzes.
    Stick to your strategy.
    You dont need to make trades just trade. Trade when there is an opportunity.
    And go on with making the videos dear Shay. You inspired me and I will never give up.😊

    • @HumbledTraderOfficial
      @HumbledTraderOfficial  Рік тому +3

      Thanks for your insights!

    • @TainoHans
      @TainoHans Рік тому +2

      @@juakin-ug9yr Dont get exited if you think that you are going to miss an opportunity. Analize and if you miss the opportunity, so what. You learned. Be like the captain of a big vessel. Think ahead and analize.

    • @TainoHans
      @TainoHans Рік тому +2

      @@juakin-ug9yr Don't be impressed by the big numbers and huge profits of other traders. If you can afford to trade with only $100, do so. If you make 103 out of this 100 you can be proud of yourself. You have profit and you understand the system!
      Stay with 2 or 3 stocks to learn to understand them like your partner.

    • @rozsadnymarek5988
      @rozsadnymarek5988 Рік тому +1

      You people are so funny 🤣😂
      Nobody can achive positive expected return because price process follows *random walk,* and this means there is no strategy, methodology, algorithm or any other fancy approach to make money in this "busines". Only those who charge spreads and commisions (liquidity providers) have statistical edge. That's the reason why a beautiful lady from the clip want you to stay in this "business". *She gets paid from money you lost.*

    • @TainoHans
      @TainoHans Рік тому

      @@rozsadnymarek5988 Price is not random. There is always a cause of price change. If you understand, you can make profit. Read books.

  • @MileykaPonce
    @MileykaPonce Рік тому +8

    A graduated with a degree in Finance and found it really frustrating and hard to break into Wall Street. Being a female from “non-conventional” ethnicity (Hispanic) I constantly found myself being turned away, to the point where I gave up and turned to trading.
    My journey has def been🎢 of emotions with peaks & valleys. The number one thing the markets have teached me is no matter how educated or how much you think you have the markets “figured out”, it will always find a way to humble you. Forever a student & never stop learning!

  • @Zir073
    @Zir073 Рік тому +11

    DON'T QUIT! I would love to hear your stories where you almost quit, but found your resilience and came back!

  • @dumbass3770
    @dumbass3770 Рік тому +1

    My biggest problem has been self doubt. The longer the break then I have to rewire my brain again.

  • @yayathidayat4701
    @yayathidayat4701 Рік тому +26

    5 years of trading, for 4 years i'm losing a ton of money, my mind is goin' crazy every sec i open my pos. If you think you wanna quit. Listen bro, 5 years its not enough for learn. I got my consistency just in my last 1 years now. Don't stop until you make it. ❤ stay strong

    • @lenejaia
      @lenejaia Рік тому

      Thank you

    • @futuredaytraderbillionaire
      @futuredaytraderbillionaire Рік тому +1

      thx for sharing.. been losing for over 3 years now.. I will get it.. congratulations

    • @718World
      @718World 8 місяців тому +4

      5 years is not enough for YOU. others have profited after months. Everyone learns differently

  • @Primus3339
    @Primus3339 Рік тому +31

    Don't quit. I have been trading since 2017 and had my second "quit" earlier this year. I feel confident in my technicals, but it's my psychology I need to work on. I have come to realize that this is 90% psychology for me. After taking a couple of trading psychology courses, I have come a long way, but more work needs to be done, and I will always need to work on this, even after becoming profitable. And I do plan to become profitable because I plan to return to trading in the fall. And the reason I originally began trading was not to be a millionaire but to have freedom, not to do the 9-5, be with and support family and friends whenever I wanted to and for as long as I wanted to, and to have time to help others. These are still the goals and thanks for your videos

    • @drsonnysell4471
      @drsonnysell4471 Рік тому +5

      Wow Thanks For Sharing!!
      Don't quit!!
      Do what works for you!!

    • @JV-xf4ro
      @JV-xf4ro Рік тому +5

      Same here. Myself and my mentality are both my greatest enemy. I was majority green on my daily chart for June but two horrible trades blew up my account due to being emotional about losing and hoping for a swing in my favor.

    • @Primus3339
      @Primus3339 Рік тому +4

      @@JV-xf4ro Exactly, JV. It is not the market that we are necessarily contending with, but ourselves. But I am grateful for trading because it has allowed me to delve deeper into myself. It has allowed me to become more disciplined in my life and behaviors, consistently meditate, journal daily, and even led me to investigate and read philosophy. I find that pretty cool...haha

    • @doublepownage7571
      @doublepownage7571 Рік тому

      Focus on trades u enjoy taking and get good at it. That Will help mentally too, thé repitition.

    • @brandonhopkins8222
      @brandonhopkins8222 Рік тому

      Mark Douglas Trading Psychology

  • @drsonnysell4471
    @drsonnysell4471 Рік тому +6

    Everyone out there!!
    Don't quit!!
    Slow and steady and consistent works and builds stability and confidence!!
    Do what works for you!!!

  • @applestrudelshawarma
    @applestrudelshawarma Рік тому +9

    My deepest reason why i don't quit trading is because i want my family to migrate to another country and live a better life.
    I'm very aware that getting a job outside is like finding a needle on a haystack. So while we are there, this will be my future's work for my wife and son.
    This is my deepest why.
    There, i shared it. 😊

  • @mcshell4533
    @mcshell4533 Рік тому +62

    1.5 years into trading. I've been struggling and feel like every time I'm "figuring it out" I end up taking several losing trades in a row and I turn into an emotional mess. I really enjoy your videos and am trying to remain positive. My family is my WHY. Providing for my family and being able to show our kids the world. I also want to help support my mom. She is getting older and does not have many options so I'd love to be able to help her out. Thank you for all of your educational videos and helping keep our mental states in tact :)

    • @luka1999
      @luka1999 Рік тому +10

      There’s really no such thing as figuring it out. The only thing that would come close to figuring it out is understanding that no matter what you do or what strategy you use, there will always be losing trades. At the end of the day, all that matters is that your trading method profits more than it losses. Even if you have 1:1 with 51% winrate, you’re profitable and you can scale up over time.

    • @hansbier5198
      @hansbier5198 Рік тому +2

      I feel with you. 2 Years, same Position. It is not that i dont understand, but everytime i think i got it...i loose...ooor.....everytime if i get in...the Trade doesnt goes high...but if i "think" it will, then it drops..... A thing every Trader at the Beginning knows and hates. I am on the Position, that i know, that I am my own failure. Often i let run loosing Trades "he will turn arround"....as we speek i am holding a Position in the Nasdaq thins yesterday... Short..... its clearly broken YESTERDAY....but i dint "it will turn" LOL - To many hopes to less strategy .... and this happens only on desaster and never on a good trade... - Hard work ON MYSELF is do be done....

    • @Jeremy-sr4gv
      @Jeremy-sr4gv Рік тому

      @@hansbier5198never stay overnight!! I learned this the bad way. I just take my losses and recoup if needed but I never let them run multiple days, that’s how you bankrupt an account

    • @israelmills7442
      @israelmills7442 Рік тому +3

      Keep pushing man!
      Every successful trader was once a complete failure
      Keep going 🙌🏻

    • @kevanpatel3273
      @kevanpatel3273 Рік тому +1

      Dont worry one day you are profitable trader ❤

  • @theseoprincess
    @theseoprincess Рік тому

    Thanks! This is very humbling. I've been trading since 2017, but not consistent. I stopped multiple times. I'm far from recovering my losses, but I don't wanna quit.

  • @Lum1nox
    @Lum1nox Рік тому +35

    The only thing tell myself is "The family's debt wont pay itself"

    • @wellnesspathforme6236
      @wellnesspathforme6236 Рік тому

      Learn ICT Trading principles. He’s right - price is delivered by market makers. Price is contrived to put the most people possibly underwater in their long and their short positions. Garland Trading on UA-cam appears to be a legit channel as well.

    • @sirporrydesmall1732
      @sirporrydesmall1732 Рік тому +1

      TBH I just go on car dealership sites after I make a profit and remind myself what I'm workin for and when I wanna give up I just tell myself that "that Lambo won't buy itself"

    • @lol_manu
      @lol_manu Рік тому

      Same here

    • @BiblicalChristianSteve
      @BiblicalChristianSteve Рік тому +1

      Damn I thought I wrote this comment until I remembered this is my first time seeing this video. I need to pay off hundreds of thousands of dollars of debt in my mom's name and give her a retirement fund that she currently does not have. She is 66. Quitting is not an option

    • @wellnesspathforme6236
      @wellnesspathforme6236 Рік тому

      @@BiblicalChristianSteve >>I need to pay off hundreds of thousands of dollars of debt in my mom's name.

  • @Just_A_Guy_Guy
    @Just_A_Guy_Guy Рік тому +17

    Don't quit! I am new to trading, been researching and demoing for a few months now, and these are the videos I like to see. I want to understand why people feel this way and how they can overcome it. There is an endless amount of price action knowledge to learn, but these videos is what opens my eyes to what really needs to be recognized.

    • @vanesslifeygo
      @vanesslifeygo 10 місяців тому

      There is always something to learn :D

  • @alifetomake
    @alifetomake Рік тому +123

    Not going to quit trading unless I'm forced to (which would be terrifying). Perfect activity for a someone who loves loneliness (correction: solitude), and being free, and have time to create things.

    • @LoneWolf-pw5wv
      @LoneWolf-pw5wv Рік тому

      Absolutely no one "loves" loneliness... no man is an island...

    • @alifetomake
      @alifetomake Рік тому +13

      @@LoneWolf-pw5wv Interesting point of view for a "LoneWolf"! Anyway, think what you want. Never been happier than as absolutely alone as can be.

    • @LoneWolf-pw5wv
      @LoneWolf-pw5wv Рік тому

      @alifetomake not by choice that I want to lonely be, but as the world that is, it is imposed on me... if you are so stoic in your loneliness, why are you posting in social media? Just saying...

    • @edinson1613
      @edinson1613 Рік тому +2

      ​@@alifetomake I enjoyed this wreckage a lot alifetomake ty

    • @bobo28denmark
      @bobo28denmark Рік тому

      ​@@edinson1613deep inside no man very few at least likes being alone all the time.

  • @vetman548
    @vetman548 Рік тому +2

    Four years of trading and this year may be the first one that is green. It is infuriating a lot of times. I have not had huge loses since I have kept my risk low. I want be more consistent but every time I think I am close to a decent win rate I end up getting destroyed. I swear to God I can hear the market laughing at me sometimes. So close to moving up to the next level and upping my share size and BOOM no not yet. I cant count how many times I have been so close only for my stop to get hit perfect( to the penny) and then the stock explodes. Good stuff Humble been with you since you had like 30k subscribers.

  • @akii1117
    @akii1117 Рік тому +32

    Thank you for sharing your story, Shay. I have been trading on and off for the last 10 years but I finally started doing it seriously about six months ago. My parents live in Japan by themselves. They are getting old and really frail. At some stage I need to go back there to help them out and for that I wanted to have skills where I can earn money anywhere I go. That's how I started learning to trade. My skills are steadily improving and my risk management is ok, but not fast enough :(. My problem is I am so eager to trade and I try to trade in any market condition indiscriminately. Anyway, I feel that trading is like having a really tough psychotherapy session. You are forced to face your character weakness and own up to it!

  • @adssally
    @adssally Рік тому +23

    Thank you for your honest opinions. your video really helped. I have been losing more than two years already. My losses are six figures each year so much that I have a hard time sleeping. Overall, I know this is what I want to do. I never miss a day of trading no matter how much money I lost. I’m still eager to get up each morning and Trade with excitement, then lose with depression. I just have a lot to learn.

    • @TBradFashionModel
      @TBradFashionModel Рік тому +4

      Position size, size down,....find your set up, your trade,...and trade with a very small, small size....

    • @onipepperonni2088
      @onipepperonni2088 Рік тому

      should have used that money for business...I lose a lot of money too and I'm a bit depressed.

    • @Bella20241
      @Bella20241 Рік тому

      You are not alone. Feel your pain😢

  • @dipsnipers
    @dipsnipers Рік тому +5

    I started trading because i wanted to prove to myself and my parents that i was good enough. Trading is hard. It takes commitment, perserverance, and faith. All things that I want to tell my parents that i have developed and see success from. And i want to wear it on my sleeve that I really did this!!

  • @arrabih2001
    @arrabih2001 Рік тому

    I've quit trading for almost 3 years.... And always wanted to come back trading. Tq for the video

  • @chrisconti7916
    @chrisconti7916 Рік тому +4

    Thank you Shay, I have 5 boys and the opportunities for each of them were limited because of finances and the way life unfolded for them. As they have gotten older I was able to put together a moderate trading account - my perseverance is due to them. Your sentiments in this video are encouraging; thank you for sharing your dedication and passion.

  • @Mfam777
    @Mfam777 Рік тому

    My why is the same. For my parents that brought me to america. They went bankrupt during 2008 and they’ve always felt ashamed after losing our house.
    To my wife, before she was going into labor with our first born, I was looking at charts. The nurses would tell her “don’t let him do that to your money.” she replied every single time “I trust him”

  • @sera4236
    @sera4236 Рік тому +5

    Peace be unto you, TRADING HAS NOT BEEN GOING WELL WITH ME, I HAVE INVESTED A LOT OF TIME AND FAILED, I TRADED ON MY OWN BUT EACH TIME I KEEP LOOSING MONEY. I DON'T HAVE GOOD STRATEGIES TOWARDS THE MARKET. PLEASE CAN SOMEONE PUT ME THROUGH ON THE RIGHT PATH.

  • @HaulingAzz
    @HaulingAzz Рік тому

    I want to thank you for this video. Today i hit my rock bottom after blowing up my account for the third time while losing over 30k. I feel like i been beat down and kick while down over and over again and i just can't take it anymore. After watching this video i have decided to take a break and go back to my 9-5 and eventually come back slowly.

  • @sergiocay2k
    @sergiocay2k Рік тому +6

    I decided to be a trader because I always want to excel in everything and I like challenge. Trading has been the most challenging experience to learn and it’s more of a long term journey where learning never stops. I love personal stories of successful traders. My biggest motivation is ophthalmology surgeon Al Brooks who quit his successful million dollar a year income to start trading and now sharing what he learned with others. I love Shay videos She is awesome and excellent teacher. Hope one day I become successful trader and meet with her and other traders to talk about my story. Good luck everyone. Don’t quit.

    • @Jeremy-sr4gv
      @Jeremy-sr4gv Рік тому

      If you really like and want to excel at day trading you have to read the market without any indicators. 0. They are all worthless. Draw your trends. Know your resistances. Understand that they cannot always be used over and over. If you find a rebound point at a price, it rebounds and you decide to get out then do not have your buy at the same price. At lot of people get caught up in reading the candles and always following what is “supposed” To be done. You are fighting the hedge funds and the billionaires. They know that specific candles also represent a bullish and bearish outlook. So if you buy specific candles and they move against you then you must take your losses and go the opposite way. Just make sure to be careful. They may just be trying to grab liquidity before they sky rocket. Most of the time though If I see a strong one minute candle.. followed with a miniature spike the next minute and then retested and broken the next minute it will go down. There are specific steps to follow but if you become fluid in getting in and out of trades according to the flow then you can scalp very efficiently.
      If you want swing trades then you must catch falling knives or find the highs.. just remember don’t try to catch the knife. Let it be caught first. I used to and still sometimes lose money trying to catch the initial pump of a falling knife. It feels great when you get very close to the exact price that a rebound occurs but it isn’t very reliable consistently to happen. Though if you let the catch happen and then you buy you won’t lose as much

  • @TheHaratashi
    @TheHaratashi Рік тому

    She is so humble it's epic.

  • @mlimrx
    @mlimrx Рік тому +8

    Shay seriously you are the best. You say what most people do not say, but what traders who are learning need to hear:) Thank you!!!

  • @MusicHead480
    @MusicHead480 Рік тому +1

    2 years trading, it's been 1 step forward 3 steps back. I take breaks if needed but I will never quit, This is what I want to do for a living

  • @dontbabilly9956
    @dontbabilly9956 Рік тому +11

    Thanks Shay, great timing with this video. Just had a frustrating day , not having any kind of consistent wining streaks. I have been in and out of the market since 1998. So I have seen a lot of economic history. Didn't blow up any accounts yet and cut my loses short. I make some good trades and give it all back with many more losers. I guess this is part of the game. Don't plan on quitting at all. My goal is financial freedom and help people with the money I make. I may sound like a baby not getting his way but I have to vent. One problem I have is not trading, I can't just sit there and watch when I have money to trade. I am going back to work so I can add more capital to my account and that will be my break for a while. Thanks for all your videos on your journey. I will have to go thru all the pains before I get to the pleasure. Wayne

    • @SUPERMAN--it3ef
      @SUPERMAN--it3ef Рік тому +1

      When you have a big win reduce your positions if you continue trading that day.wait until there is another AAA trade to bet larger.protect your winnings and build up your trading bank

  • @VirberelloScooterTips
    @VirberelloScooterTips Рік тому +7

    I want to take a moment to show my appreciation for producing this video. It feels like you've provided me with a small yet impactful surge of courage that propels me to keep pushing onward. Occasionally, I catch a glimpse of hope within my day trading aspirations, akin to a guiding light on my path. Nevertheless, there are instances when a handful of losses take a toll on me emotionally. I often find myself reflecting on the market's unpredictably challenging nature. It's perplexing how I've invested a significant amount of time and money into learning, only to grapple with profitability over the past four years. Despite these struggles, I remain hopeful and wish everyone well. At times, I still hold onto the belief that a more prosperous trading future awaits us.

    • @tendaychart
      @tendaychart 10 місяців тому +1

      DISCIPLINE and Risk management. Never average down, cut positions to match a 1% loss per trade. Patience is the key. A lot of it. If a setup does not show itself DO NOT buy or sell. Profitable trading is not about money. It is NOT results based. It is process based. You can lose 10 trades in a row and that would be profitable IF you followed your rules on every trade.

  • @nextcrusade
    @nextcrusade Рік тому +3

    I lost 80k and literally received a terrifying margin call all in the span of 10 minutes during the net bubble.. I learned my lesson..

  • @JeanEstevez
    @JeanEstevez Рік тому

    I watch this video bcuz i love your content, im not thinking of quitting

  • @MorningViewz
    @MorningViewz Рік тому +3

    This video couldn't have come at a better time. Rough and choppy day had me questioning things. The thought of quitting comes to my mind, but I don't think I could ever follow thru with it. Thanks

    • @MorningViewz
      @MorningViewz Рік тому

      Haha you obviously have no idea what ur talking bout bro

  • @Yeshua2176
    @Yeshua2176 Рік тому

    You’re the best. You have the heart of helping other traders who are struggling. Ive been trading since 2019 and Im lossing about 30k already. lately I tried the option trading without proper education and I lost more than 90% of my two accounts. I don’t know why I did that. I was really crazy to try options. Its not for me. Now Im back with swing trade and slowly regaining my loss. I tried to quit many times but I can’t.

  • @buythedip8119
    @buythedip8119 Рік тому +3

    Don't quit! You have great content! Keep up the great work!

  • @Nathen-sw8ri
    @Nathen-sw8ri Рік тому

    I never wanted to quit trading. I would like to quit making the same mistakes and slipping into emotional trades.

  • @vanessaclauss5762
    @vanessaclauss5762 Рік тому +3

    Don’t quit ❤ & thanks for all your great videos!

  • @stevenrlivingston
    @stevenrlivingston Рік тому

    THank you Shaye!! Going through a particularly tough spot ... this helped after a few days off... Steve in Calgary.

  • @alkaverma8479
    @alkaverma8479 Рік тому +5

    I agree with u trading is like a muscle the more we 😮practice and study the better we get Infact after my actual trade I switch to paper trading for some time

  • @joseluisburgosmarcano953
    @joseluisburgosmarcano953 Рік тому

    Don't quit!!! Excellent Video. My why is I want to become a business man and have the power to spend my time working in my goals and not other people's ones.

  • @mspoc11
    @mspoc11 Рік тому +3

    I agree I took a major loss and went through a divorce at same time.. 3 years later I'm now getting back into it.. what helps is having someone thats still trading. That is key. It helps get you back into the market...

    • @Jeremy-sr4gv
      @Jeremy-sr4gv Рік тому +1

      See I do not know any fellow day traders. My family doesn’t understand and does not want to hear about the market. I keep pressing on though.

    • @IsmahaanAhmed-bc1jy
      @IsmahaanAhmed-bc1jy Рік тому +1

      I been trading for 4yrs now, can we be friends as you said it's good to have friend with same passion and never give up mind.

  • @stevantantra5541
    @stevantantra5541 Рік тому

    Oh thanks, this video just strengthen me when im down and dont satisfy with my recent trading result. Its like God send this video to me. Thanksss

  • @ShadowedOne413
    @ShadowedOne413 Рік тому +1

    Actually no, definitely not quitting. I love trading. I'm all in. I am just here to hear your thoughts on the matter

  • @donlife8841
    @donlife8841 Рік тому

    Thank you for sharing this inspirational content! My favorite segment of your video is "Remember your why". This really resonates with me coming from an immigrant family 👏🏽 👏🏽 👏🏽

  • @drsonnysell4471
    @drsonnysell4471 Рік тому +1

    Thanks Dearest Shay

  • @ijpong
    @ijpong Рік тому

    Don't quit!!!! Thank you very much for this

  • @francisdaminilo4533
    @francisdaminilo4533 Рік тому +23

    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.

    • @gloriajesse5431
      @gloriajesse5431 Рік тому

      Investing in Assets is the cheat code for having a successful financial life.

    • @MariaAdam324
      @MariaAdam324 Рік тому

      To avoid making losses while trading, you need to get full understanding and knowledge of trading and holding.

    • @jimmychaffetz8186
      @jimmychaffetz8186 Рік тому

      You're right..most time having knowledge or insight about a particular activity can as well be a pleasing exercise.

    • @alicemollet7181
      @alicemollet7181 Рік тому

      Wow, although mine always end up with losses, I think i still have alot to learn. please can you share.?

    • @francisdaminilo4533
      @francisdaminilo4533 Рік тому

      @@alicemollet7181 Run a reseach with her name, she will tell you everything you need to know

  • @damoneymaker
    @damoneymaker Рік тому

    Good tips Humble Trader! Love your vlogs!

  • @pspedroilha
    @pspedroilha Рік тому +9

    Hi Shay. Great video!! I almost cried!😢😢 This video cheared me up and reminded me that I shouldn't quit! I'm trying to enter the trader life but I have 2 jobs to be able to provide for my family and to pay debts and mortgages... Both my problems are money and time, but I always find a few hours to watch the market and watch your videos. I've been following you for maybe a year now and all your videos always make sense. I wish I could find more time in my life so I could make enough to pay my stuff and get out of this hole that I'm in. But I'm stubborn and I know that one day I will win! I'm not the smartest person in the world but I can do a lot of things when I put my hands on and dedication. I wish I could find a way of trading along with someone as a mentor so I could learn so much more.
    Anyway, as you mentioned on the video for us to share our story, here is a glimpse of it.
    Keep up the good work and I'll keep watching your videos for sure.

    • @TwistedSoul2002
      @TwistedSoul2002 Рік тому

      Dude- she is talking nonsense. She always chunks losses down to a function of your mindset.
      “Remember your why” I mean seriously?
      Do you think quant traders lose $10M and go to their manager and say, “sorry- I was frustrated and forgot my why…”
      She never talks about mathematical models just psychology and just a chartist’s unsophisticated version of technical analysis.

    • @st4331
      @st4331 Рік тому

      @@TwistedSoul2002 90% of trading is psychological. The vast majority don't understand this, so fail. Just having a great system doesn't cut it.

    • @SpectatingSpeculator
      @SpectatingSpeculator Рік тому

      UA-cam search Photon Trading and Photon Trading Course

    • @Seba-iz6wc
      @Seba-iz6wc Рік тому

      @@st4331 the majority do not even have a system. "psychological" comes after getting a winning strat so you don't trade outside of it.

  • @tesscastro3410
    @tesscastro3410 Рік тому

    I have not started yet, but learning slowly...til enough time, funds and skills are within my reach😊.

  • @israelmills7442
    @israelmills7442 Рік тому +5

    Love the videos Shay!
    I too was in the position where I wanted to quit a couple of times
    But I kept pushing forward
    Fast forward nearly 3 years I’m a top tier trader for a prop firm here in Australia
    Can’t wait to someday come on your podcast and tell you about it 🙌🏻
    Much love 💰💰💰

    • @jokerpsy3253
      @jokerpsy3253 Рік тому +2

      what was the thing you were doing wrong? and what strategy you follow to keep getting profit?

    • @israelmills7442
      @israelmills7442 Рік тому +1

      @@jokerpsy3253
      For the most part
      I was getting in early on trade’s because of fomo and not obeying my own rules, self sabotaging stuff like that
      I read a great book for my trading psychology by Dr Brett Steenbarger it’s called “The Daily Trading Coach”
      With regards to my strategy
      I keep it simple
      I’m a Daytrader so my strategy is predominantly breakouts/momentum
      Hope that helps

    • @chasingthedream7849
      @chasingthedream7849 Рік тому

      @@israelmills7442 What markets do you trade?

  • @air_trader_28
    @air_trader_28 Рік тому +6

    Don't quit .... We still have a part time job at MCdonalds to support day trading ,
    1st motive was easy money but now its just to be a part of 5% profitable trader
    :)
    Nice video btw HT...

  • @divinityninefour5095
    @divinityninefour5095 3 місяці тому

    Thank you ❤ I’ve failed my 8th challenge and I’m so frustrated. But I’m a single mom and want to provide my daughter the life I never had. Im so tired of working these jobs that strip your entire freedom and pay you peanuts. I will never give up!!

  • @soberano274
    @soberano274 Рік тому +3

    thank you for this video, i've had a couple of bad weeks trying to get back into trading. I needed to take a step back and remind myself why I got into trading in the first place

  • @davidibiyemi1308
    @davidibiyemi1308 Рік тому

    Humbled Trader, you are awesome and wonderful, thank you very much for this enlightenment.

  • @maricelyaleman1278
    @maricelyaleman1278 Рік тому +10

    “Being a successful trader also takes courage: the courage to try, the courage to fail, the courage to succeed, and the courage to keep on going when the going gets tough.” Michael Marcus

  • @susymay7831
    @susymay7831 Рік тому +2

    I would bet a lot of money that your parents are extremely proud of you, Shay!!❤

  • @MT-qq1rq
    @MT-qq1rq Рік тому +2

    I appreciate this video very much. The why for trading for me is to have financial and time freedom someday. Also, I do not want to be a part of someone's else plan or to make someone else rich. I do not want to be at the mercy of a company or someone else for providing my livelihood. Never give up on your passion and on your love ones. These strong whys have help me stay the course in my trading journeys.

  • @owlmuso
    @owlmuso Рік тому

    Excellent video. Thank you!

  • @motivationary.mindset
    @motivationary.mindset Рік тому +3

    Just in time to hear this. I am contemplating with myself if I should continue or not. I guess this is a sign to continue. Thank you so much

  • @addertooth1
    @addertooth1 Рік тому +1

    I find this pretty inspirational. I am extremely new to this. I have only been doing it 3 weeks. So far, three wins and one loss ($402 win total, but with a very painful 32 dollar loss). I am limiting myself to no more than $2000 stock buys. The $32 dollar loss was on my first attempt at day trading, all the wins were swing trading (about 1 to 2 weeks duration). I ran into a "stupid-self" issue on the 32 dollar loss. I was using an unfamiliar platform (fidelity), and I was early morning trading. I jumped in on a stock and it climbed 18 percent. I went to sell, and it wouldn't let me. As it turns out, with the non--pro fidelity tool you must re-select "after hours trading" with EVERY buy and sell. I didn't realize it reset itself after every trade. My 18 percent potential gain rapidly declined and ended up being a 32 dollar loss on a $1250 trade (2.56% loss). For some reason it hurt really badly, it was my first failure. I had made good stock choices, but failed at understanding my stock tool before diving in. This was an ALL-ME/ lack of preparation/ unforced error. Even worse, the non-pro version of the fidelity tool didn't support doing a purchase with a trailing stop loss. If I had the option of setting a 5% trailing loss at my finger tips, it still would have been a 13% win. Live and learn, I went to the pro package which includes trailing stop loss with the Buy order.
    I ended up taking off 4 days from trading, until I was confident in my understanding of the stock market package. That week was spent studying how the market was moving and watching endless videos. Tomorrow I will dive back in, with a modest trade with a penny stock ($324 worth at about $2.50 a share). My 5% trailing stop loss will be set, so I might lose $16, but little more as this particular stock has rather good volume numbers (and liquidity).
    The goal is not the amazing huge wins. It has been about making small 8 to 10% gains on trades. Just enough to start inching up my IRA. At this point, greed is not my thing, it is understanding how things work.

  • @danielclayton7524
    @danielclayton7524 Рік тому +3

    I have 1 rule that i learned playing sports. Never quit on a lose. 1 RULE not allowed to stop after a lose. You can take a break only after a WIN

  • @fordilac
    @fordilac Рік тому

    I am 75 and started my trading journey in Jan, 1996. When I tell people my story, the first thing out of their mouth is always, "You must be rich".
    My standard answer is, "Do you have all the money you have earned in the last 27 years?" I blew up my account twice early on before I learned taking a lose can make you a winner. I rode a $47 stock to zero thinking I was smarter than the market. The market is always right, we are just early or late!

  • @JuniorShepherd
    @JuniorShepherd Рік тому +3

    Couldn’t have come at a better time. Today I suffered a big trading loss and considered never trading again. My mistake was not honoring my stop loss and accepting a lost trade. Lesson learned!

    • @HumbledTraderOfficial
      @HumbledTraderOfficial  Рік тому +1

      🙌🙌

    • @JuniorShepherd
      @JuniorShepherd Рік тому

      Jumped back into the saddle today, took emotions out of the picture and did two clean successful trades. Although my profits on these are not as glamorous as in the past, I would say these were probably the best trades I’ve done so far in the year. To anyone reading this, Don’t give up!

  • @yolorock99
    @yolorock99 Рік тому

    Remember why you started that kept me going. I will revisit this video whenever i feel demotivated until i succeed some day. Thank you, Humbled trader!

  • @davidd.747
    @davidd.747 Рік тому +6

    The story of your passion and inspiration from your immigrant parents really hits home to me. Thanks for sharing. To my all the fellow traders, don't quit. If you don't quit you never lose, you're still in the game. Find your why, and the how will follow.

    • @Jcc988
      @Jcc988 Рік тому

      Choked up a bit there

  • @fmejias2432
    @fmejias2432 Рік тому

    First I want to say that you are a blessing to me and to many people. I have been taking my time learning how to trade it been a challenge and I take rest times to collect my thoughts and collect my emotions to look at the bigger picture. My why is to create a good monthly income so I could quit my job and continue trading full time! And be able to pay for expenses and take trips and bless other people lives that are in need. Thank you and many traders on your UA-cam channel who are giving us a wealth of trading lessons and teachings and information that will last for years to come. Keep up the great work!
    ❤ Freddie

  • @resdid805
    @resdid805 Рік тому +4

    Impeccable timing! Thank you so much for making this video and and sharing your wisdom ❤️❤️

  • @Eddie896182
    @Eddie896182 10 місяців тому

    In 2021, I lost 6 figures ,day trading over the course of one year. Lost another 50k in 2022. Took a break in the first half of 2023 and I started easing back into a couple of months ago.
    I have a long way to go to learn and be profitable. I’m starting from scratch again. Glad I found you’re video. I wanted to quit. I felt defeated. But now my mindset is to see this through. To be successful. Profitable. I’m not quitting.

  • @Paul-mu9ng
    @Paul-mu9ng Рік тому +3

    Always a thumbs up. I love your passion for trading. As someone who has won then lost 6 digits in this game over the last 3 years I appreciate your videos very much.

  • @tendaychart
    @tendaychart 10 місяців тому

    EXCELLENT VIDEO! - I have traded for years and lost for years. Eventually losing everything I had. But I NEVER gave up. I started trading again in 2023 and finally got "IT", whatever "IT" is. My return this year is 96% pre tax and I am never going to look back again. It was strange. Suddenly I understood what to do but only because I had so much experience watching price action, and I followed my basic rules. Bankroll, Knowledge, Risk Management and Discipline. The last 2 rules are imperative. Without them NO ONE can trade for profit and consistancy. Understand also i had a deep phychological issue that caused me to lose and I had to resolve that first. Trading forced me to look inside and finally realize why I was losing. Trading will teach you more about yourself than you can imagine and I found out that trading profitably is between the ears and not in the market.

  • @GRCook-md2yf
    @GRCook-md2yf Рік тому +1

    Always is a very strong word.
    Losers always lose because they continue to repeat their same mistakes.
    Winners always win because they find a way to win by staying in

  • @Stevenator92
    @Stevenator92 Рік тому +1

    Don't quit. Thank you for your contribution to the trading community! Love your videos. I will not quit! I will be back stronger

  • @Gilmarbarrioss
    @Gilmarbarrioss Рік тому +4

    I got one purpose and one purpose only. To take care of my fam, I’m on year 2 I’ve been humbled countless of times but it don’t matter I must keep going there is no choice. God speed my fellow traders your time is coming and so is mine

    • @HumbledTraderOfficial
      @HumbledTraderOfficial  Рік тому

      🙏🙏🙏

    • @Gilmarbarrioss
      @Gilmarbarrioss Рік тому

      @@HumbledTraderOfficial now that I got a comment from shay this must mean the Lamborghinis are coming soon.

  • @limitedtime5471
    @limitedtime5471 Рік тому +1

    Don't quit..Wow.. the timing... today I'm back from a 'trading sabbatical', and i feel in a much better head space. I appreciate learning that successful traders do similarly

  • @kavid8120
    @kavid8120 Рік тому +4

    down 40K and thinking of quitting yet i’m over here down $200 and already thinking of quitting 😂😂

  • @LivinginParadise
    @LivinginParadise 10 місяців тому

    Thank you for this. Sometimes I feel like quitting but I keep pushing through. I keep hearing to just keep showing up and trading small if necessary, but don’t give up. Eventually things will start clicking and making more sense

  • @eopanther
    @eopanther Рік тому +2

    Thank you for this video. I am in the process of regrouping, taking time off while moving to another state and freeing up time to really dive into the learning and psychology aspect of it. My why is plenty strong!

  • @michaelwellner8151
    @michaelwellner8151 Рік тому

    Your kind sentiments are appreciated.10k loss would take me out for a long time. I think I will try your 5 day 5 equals around 1k per day. 2 points up 1 down.

  • @hieuhn99
    @hieuhn99 Рік тому

    Not thinking about quitting, I just take value from your videos and want to here what you have to say

  • @arsenk4963
    @arsenk4963 11 місяців тому

    I'm not thinking of quitting ever, but i like to listen to you.your videos are all natural and to the point

  • @TalkToMeGoose550
    @TalkToMeGoose550 Рік тому +4

    Thank you for this. Truly needed to hear you say this today. 👍

  • @rayrogalski2756
    @rayrogalski2756 3 місяці тому

    Don't quit. Encouragement is needed

  • @smeshnoymatvey2054
    @smeshnoymatvey2054 Рік тому +57

    Don't quit trading. Just start UA-cam channel and sell trading courses. There is more money in teaching How to Trade than actual day trading

  • @itzsired
    @itzsired Рік тому +1

    I just lost 40K last month this was my 2nd big loss bringing me down to 2K since my first 7-24K back to 4K Loss I took a 2 month break after my first loss and came back and turned 6K into 44K but I'm back to 2K I was thinking about quiting trading until this video popped up into my feed you reminded me on why I'm even doing this in the first place I'm trading for not only my future but my family's aswell thank you.

  • @jeford321
    @jeford321 Рік тому +1

    Remember when you were on your job. Remember how your boss and coworkers were so deceptive. They did that because they were afraid of losing there job. Im so glad i ran away. They couldn't do anything for me because they were in bondage also. Look at how much you have accomplished since then. You have 4 sources of income now. You only physically work about 20 hrs a week. Every venture you have tackled has been successful. It only took planning cultivating and believing in your god givin talent. What makes day trading any different. Success here i come!! LETS GO!! (Wonder what my old coworkers are doing 😂!

    • @jeford321
      @jeford321 Рік тому +1

      True story folks. Going through the fire will make you PURE!!

  • @dcmatthes
    @dcmatthes Рік тому

    “Don’t Quit” - I love your videos, Thank you 🫶

  • @jaystone5036
    @jaystone5036 Рік тому

    The thing is freedom.....I've began with mental freedom...thank you

  • @JV-xf4ro
    @JV-xf4ro Рік тому +1

    I needed this video.

  • @jbond008
    @jbond008 7 місяців тому

    Key is position sizing and learning strategies to address your worst case scenario

  • @kenkeller9236
    @kenkeller9236 Рік тому +3

    after 3 years I feel like I can finally make $20/day trading. That is $400/month which would be fine with me. Unfortunately it will take me 3 years to make back what I lost to learn this lesson. The cost to learn how to trade is quite high even if you follow the best traders out there. There is no way to be prepared or to know how much you will lose before you start making a profit.

  • @adam6021
    @adam6021 Рік тому

    Don’t quit ! God bless you Humbled Trader!!! I took a break 6 months ago but I’ll be back. No question about it! I just don’t like the 8h grind and I love the fact that you can trade anywhere you have internet access.

  • @DadiJheTV
    @DadiJheTV Рік тому +1

    DON'T QUIT!!!

  • @nostrarob1
    @nostrarob1 Рік тому

    Shay I love how you always keep it 💯

  • @thinkpod4543
    @thinkpod4543 Рік тому

    I only clicked on the video bc I think you are cool 😎! Dnt quit!

  • @Palmer-gs3wz
    @Palmer-gs3wz Рік тому +1

    I'm considering starting but I'm the type that needs to know everything before starting.

    • @lewisturner8781
      @lewisturner8781 Рік тому

      good, the reason why all of these morons are failing is because they lack knowledge and go for things that work well for others not themselves.

  • @albertmatunda5387
    @albertmatunda5387 Рік тому +1

    The market was bad today.

  • @trudybrazil8313
    @trudybrazil8313 Рік тому

    You're awesome Shay!

  • @kerrylim6058
    @kerrylim6058 Рік тому +2

    • @kerrylim6058
      @kerrylim6058 Рік тому

      ┼17817252143👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾☀️☀️