Hey, I enjoy your channel. I was interested in trading and found your first futures video. After a few weeks of practice I started with tradovate and the nasdaq micro. I started with a 400 account, 1 or 2 contracts, and lost $170 in 3 days. I took a break for a few days and tried some other things, ended up losing another $40 and called it quits. This was a few weeks ago. Some things I learned was its easy to laugh off loses in the demo account. real money hurts. But I did become a better trader because of losing real money. What I'm mostly mad about is before I started I was going to stop if my account got to $300, and I didn't. I'm still taking a break but want to try again. This time I will be in the demo account for awhile. Watching this latest video, is pretty much a copy of what I did. Looking forward to your next.
No way!!! True, authentic content!! You mean you didn't make 500 dollars in 1 week and have a course to sell us at the end? You've earned a like kind sir, this content is a rarity nowadays.
A tip, Look at higher time frames, find supply and demand zones with those higher time frames (a “resting candle” before a big run up or down) Wait for prices to get back in that zone, go to a lower time frame, find a good spot to put a stop and then scalp that if you like and maybe hold runners for a larger move (since it’s seems you like to scalp)
Very well done man ! An eye opener for all beginners. I trade futures and I do confirm your point: commissions are part of the game and it takes a certain time to find out the right balance between win rate, number of trades, expectancy and cost of trades... You are perfectly right when you explain the issues with overleveraging, exiting too soon etc. This is good stuff !
I know this comment is from a year ago but I'm curious to know if you are still into day trading and if so, how is it going for you? I'd like to learn this skill but wondering if building skill gives you an edge over just luck.
actually from your first attempt, I started day trading as well. I used paper trading mostly for about 6 months or do. proved I could be profitable. Then started with $1000 and currently at $5000. I take it slow, not big swings, and mostly do micro minis.
One of the best videos I have seen on daytrading, because I literally see my own mistakes been done by someone else. Not only that, I also see the same conclusions and improvements I have made. As you mentioned it at the end, it really comes down to a clear trading plan, sticking to that plan no matter what, and patience patience patience. Looking forward to your next video with the pro
It takes a tremendous amount of time and effort to turn the corner trading futures. At some point in the journey the psychological aspect will be one of the biggest hurdles. You have to become hyper aware of how you're feeling at all times and nip it in the butt before it becomes a big issue. Journaling how you feel is important. Then you find patterns in what's bothering you. Get into a meditative state and start to relive the trades that bother you. It's better when the emotion is fresh. Like if you get stopped multiple times in a row and you feel the pressure. Reliving stressors like this in a calm state of mind helps the subconscious mind associate these triggers with being calm. This method has been used with people who have PTSD. Also when you're tilted the blood is flowing away from the part of the brain that makes logical decisions, but how can you stop if you're not aware?! These practices I mention take a long time to start to see the benefits. Humans aren't designed for trading. We're not wired for it. I tell my traders especially the new guys it will take years to get consistent. At least a year of hard work. Problem is most people don't know what they're getting into when they do this, and don't know what kind of work they should even be doing in the first place. Trading and being done for the day will not cut it. Also reviewing trades in hindsight is not helping. You have a plan and you need to make sure you're executing the plan. Sometimes good setups fail. Trade management will never be perfect. You have to learn to be okay with it. It also takes a long time to be able to hold trades instead of cutting them too soon. You're panicking out because of a lack of confidence. It may be do to the fact you're not taking setups with edge. Even if you hand a trader a setup with edge. They can screw it up and it wont work for them, and it all comes back to mental framework. If that mental framework is not being worked on and you don't develop specific solutions for specific issues this will not work. The cold hard truth, is this is a very brutal career path. Anyone that tells you otherwise is full of it. Options is a great way for people to trade who don't want to put in the countless hours to becoming an outright trader. However that even has it's own risks if you don't comprehend them.
Man your videos are actually refreshing to watch, this is the actual reality of trading, real and raw. Not fake gurus pretending they know every move of the market lol , keep it up man it’s inspiring
Yo! Been in this situation. Solution is very easy. Just set a restriction in number of trades to 5 a day. This will force you to take high probability trades and work on your discipline. Keep it up for three months, and you will be succesfull. Bank the profit, walk away, and trade the next day! It will be so hard in your discipline!!
I appreciate you showing us all the steps of your process. Most people don't even like to speak about their losses with exact numbers! I hope we all keep winning soon! Learning and prospering!
Ive been trading since 1996. Seen it all. Some rules. Dont trade below 4hr time frame. Dont day trade. Dont use confusing technical indicators proven not to work. The rest is up to you to work out. You made a good video. No lies. Just reality. Hope it helps those looking for some answers. People, dont think you can trade and make money after a few months. Listen to me. It takes YEARS to learn. There is no easy shortcut.
❤ You and Gary Joe Wilde are highly recommendable investing coaches every investor who wants to get rich investing must work with and embrace closely. Unfortunately, don't know why Gary chose not to own a video channel here like other experts. He is long-established and very advanced in the field.
For beginners I would recommend trading technical patterns where algos and hedge funds are not active, like small cap stocks. Scalping on a highly liquid environement like the Nasdaq future is for the large hedge funds who can't find the liquidity anywhere else.
I was highly looking forward to this video since the last one. & I can't count how many times I've closed a winning trade because I was afraid to lose. SMH.
I commend you for this video great stuff! There’s definitely better platforms to trade on that aren’t taking fees like that. $400 in fees? That’s outrageous. If you used a forex style broker you would have nowhere near the same amount of fees for your scalpe trading style.
I understand this video was intentionally about trading with zero experience but yeah, paper trading is very important in the beginning until you get much more confident in your ability to consistently profit (and get all those "Duh" mistakes out of the way). Another thing: Day trading is actually very mentally taxing so definitely better off doing like 3-4 trades a day then calling it a day rather than trying to make more money but not being as alert.
First of all: What the hell are these fees man. So high! Second: Next time you try this, if you see a pattern that you like, i would advice you to set up you TP and SL and then just let the trade run. And if it turns around, then so be it. But it will teach you over the long run, to just "trust your system" (assuming you have a working system) and not micro manage each trade. If you took that trade, you had a reason, so stick to your plan (like you did at the start of the video). One of the hardest things to do as a Trader, is to do nothing. So practice that ;)
I did a bit of futures trading the 4m is incredible, gives you much more info than the average price or any of that bs cause it tells you general market momentum, you need to have an idea of whether you expect the day to be green or red, something that comes with time and that you should know as you do options. overall futures tend to respect supports and resistance a lot and a bounce around frequently giving you ample opportunity to exit if you feel unsure, don't be the first buyer of a dip but sometimes depending on how strong demand was last time you can anticipate and jump the gun a little. Hoping to get in an account soon, demo went pretty well
Thank you for your time explaining investing and side hustles in a easy and digestable way, i made this year a good return thanks to some options plays i learned, keep up the good work with your videos, i will improove on my trading and youtube videos next year for sure + starting to learn logic so i might end up creating real music:)
I've been trading for over 7+ years, some of the mistakes that people tend to make is the emotional aspect of trading. NEVER trade on emotion and PURELY on strategy. Try to set win/lose % for the day, for example, you got a 1-2% gain for the day, which is good! Keep it going and you'll see money in the long run. Do not trade more than 5 tickers per day, try to focus on the ones that you have researched in. RESEARCH IS KEY, you can't just blindly go into a ticker/stock and expect to make money. Remember, Fast money is also susceptible to losing money fast.
Hey Daniel Bro. Merry Xmas to You first of all. LOLOLOLLLLL...You ain't the only losers in the world. Love to watch your CONDENSED trading diary and the balance analysis in a whole month. Your video also mirrored myself not long ago. Unlike a lot of Day Traders videos in YT, I would say yours directly pinpoint the total balance within a target time frame instead of other just showing around. All I can say that we were totally manipulated by the platform stimuli and the broker's rule. Not knowing about your previous trading background you had, but I just can tell the whole process of HFT is exactly THE SAME as well as the result. Well, well, well... there was no free lunch in the world and I would say being a day trader esp the rookie trader is the toughest job in the world with MUCH MORE STRESS vs a real life in my hand. You will find out you are much happier than you were crunching your back in front of screen. LOLOLOL plus that natural smile. Now I use the same energy on reorganizing my CV and cover letter to fight the real world for next real job hunting during the junction of COVID employment great gap years. I do believe you are also an educated guy based on your explicit computer job on video. I also believe you can get much better job than the average. You're still very young. Thanks for sharing your diary with us. Good Luck to you and myself. Give you a present from YT TSFH-- Never Give Up On Your Dream ..................................................Merry Xmas to You................. What's UP .........................................................
Man! I can see myself in you except that Im dumber! I want to quit out of frustration! Well I have my reasons on why I want to trade and that pushes me to study and learn more. Just knowing that we belong to the 90% is somehow a sign of relief on my part because I'm not alone. I will give myself another year and see how it goes.
Your previous video is what inspired me to see where I can i take a hundred dollars. I'm currently sitting at about 500. I am a novice at best but i'm cataloguing on my channel so i can see how far i can go. I'll probably lose it all by next week, lol!
"Right idea, wrong timing" is, I'm sure, the bane of almost every trader's life. Patience is SUCH an under-utilised skill for day trading and something I need to remind myself about pretty much every 10 minutes
at least this video is extremely honest and realistic. Retail trading is extremely tough . Fear of losing in a lack of confidence in our own trading system. it is extremely difficult to overcome and most of us will never be able to do it. that's the harsh truth
It's interesting to see others have the same issues. I blew a $2k account over a couple of years trading options and have been trading paper since then. It's really all about discipline with stop losses and gains. For small accounts it's also important to keep the number of trades low to avoid losing to fees.
Great video, hopefully it will save somebody a lot of loss. Seems like the old saying "the house always wins" in this case could be "The broker always wins"
I buy and sell contracts on Robin Hood and do well. No fees either, I will say a downfall is getting a wrong price for a contract. All and all it’s still really good. I still have bad days tho too. Can’t imagine doin what ur doing. I’ve learned the market is up or down for the day, hard to trade micros. My average play is ab an hour in. Just a fellow trader sharing my stories lol.
Took me over 5 years , over $75k in losses to establish myself as a full time profitable trader. It’s not something I recommend anyone pursuing , ever, but, if you are naive, crazy, and stubborn as hell, then it could workout. I’m part of the small few that it has.
futures daytrading is probably one of the most difficult forms of trading from my experience. even very experienced traders and daytraders fail. it might look so easy to take a profit but it bites you faster than you think.
i have an idea that U may try . that i use my self depending on market conditions . OPEN 2 ACCOUNTS ONE LONG ONE TO HEDGE THE LONG TRADE'S . more to it but U get the idea .
Try to look for a different way of trading with futures, read the chart through the eyes of ICT smart money concepts. Retail trading can be very uneventful.
The market is based on euphoria and fear. Learn to control your emotions and dont trade anything before 10:30am. After 10:30, the market slows a bit and you can get a better handle on your stocks direction. Nothing is 100% but these few rules work wonders
Hey man! I just wanted to know, is it worth being a full time trader. How long did it take for you to start making profits in day trading. I'm in my last year of college and I've been practicing. I can see improvements but haven't made any significant profits. I'd love to hear from you. Thanks
i am not a full-time trader. i am profitable, but my full-time job is here on youtube. realistically, you may be able to do it after 2-3+ years of 40hrs+/week studying, screen time, trading, etc. it's doable but very difficult for most.
Wow interesting, this is literally what i was doing when I first started out. Decent win % but terrible risk-reward. Try to keep a fixed dollar amount as loss and profit and plan out your exit levels. For example, if my loss or profit is $50 then if I enter at $5 and support is $4.5 then I would buy 100 shares worth 500. That way if you get stopped you lose $50 and if the trade goes your way you make 50 and then improve your risk reward as you get comfortable.
This is a great video. So many people follow this same path to the same results. It's called day trading but you need to watch the overall markets, and stocks in play everyday, over time and build up strategies where YOU have an edge. Build your business. If you ONLY jump into the markets everyday actively looking for plays you MIGHT pull off some good plays here and there but over time you will fail. Even though you're day trading you need to be looking at, and thinking about the bigger picture constantly. It's why most people who say you can do this in 1 hour a day are full of shit. This is a full-time job and if you're constantly on lunch break and calling in sick or dipping out early how do ever really expect to succeed playing against people that take it extremely seriously and have almost limitless resources to come up with ways to take your money...
I had dedicated 24 months of my life to trading. That is a full 2 years of my life. Now I have a 92% win rate and 40%-80% profit of the entire portfolio per month. Trading can be profitable but it will cost you dearly. 2 years is a lot of time to lose in your young life. And I had been on the brink of suicide many times due to frustration and dashed hopes before reaching this point.
If you make 1% profit per trade and do it 100 times you've doubled your money. Yes, it's boring, nothing to brag about to your friends when you only make 1%, yadda, yadda, yadda. But when your nest egg is doubled in size, you have bragging rights.
it took 6 weeks to make this video, but it'll only take you like 3 seconds to scroll up and hit the thumbs up button on this video!
r/superstonk, i think you should learn and hear more from experts on what NOT TO DO (its like 99% of trading)
deal.
Hey, I enjoy your channel. I was interested in trading and found your first futures video. After a few weeks of practice I started with tradovate and the nasdaq micro. I started with a 400 account, 1 or 2 contracts, and lost $170 in 3 days. I took a break for a few days and tried some other things, ended up losing another $40 and called it quits. This was a few weeks ago. Some things I learned was its easy to laugh off loses in the demo account. real money hurts. But I did become a better trader because of losing real money. What I'm mostly mad about is before I started I was going to stop if my account got to $300, and I didn't. I'm still taking a break but want to try again. This time I will be in the demo account for awhile. Watching this latest video, is pretty much a copy of what I did. Looking forward to your next.
I clicked like just because you are complaining. lol
@@k_froggy "winners" - it's all about R:R and def not win/loss ratio.
Daniel the type of guy to give his subscribers christmas presents
No way!!! True, authentic content!! You mean you didn't make 500 dollars in 1 week and have a course to sell us at the end? You've earned a like kind sir, this content is a rarity nowadays.
A tip,
Look at higher time frames, find supply and demand zones with those higher time frames (a “resting candle” before a big run up or down)
Wait for prices to get back in that zone, go to a lower time frame, find a good spot to put a stop and then scalp that if you like and maybe hold runners for a larger move (since it’s seems you like to scalp)
people don’t realise that you just gave the best way to trade🤣
@@adamfaiq8611 supply and demand is amazing strategy sadly most traders don't know about this strategy
How do you find what’s in supply and demand . ?
@@blakemartin5893 what do you mean by "what's in supply and demand "?
Any advice for someone that is looking to get into day trading . Ie resources that I could learn from and where I could start ?
Very well done man ! An eye opener for all beginners. I trade futures and I do confirm your point: commissions are part of the game and it takes a certain time to find out the right balance between win rate, number of trades, expectancy and cost of trades... You are perfectly right when you explain the issues with overleveraging, exiting too soon etc. This is good stuff !
I know this comment is from a year ago but I'm curious to know if you are still into day trading and if so, how is it going for you? I'd like to learn this skill but wondering if building skill gives you an edge over just luck.
actually from your first attempt, I started day trading as well.
I used paper trading mostly for about 6 months or do. proved I could be profitable.
Then started with $1000 and currently at $5000. I take it slow, not big swings, and mostly do micro minis.
that’s awesome - well done!
paper trading is like practice day trading correct? what program or site did you use?
Any indicators you would recommend? Or is it just understanding basic trading candles and etc? I started futures also but I’m always 50/50
Do you have any advice where to start or any resources that would be helpful?
One of the best videos I have seen on daytrading, because I literally see my own mistakes been done by someone else. Not only that, I also see the same conclusions and improvements I have made. As you mentioned it at the end, it really comes down to a clear trading plan, sticking to that plan no matter what, and patience patience patience. Looking forward to your next video with the pro
It takes a tremendous amount of time and effort to turn the corner trading futures. At some point in the journey the psychological aspect will be one of the biggest hurdles. You have to become hyper aware of how you're feeling at all times and nip it in the butt before it becomes a big issue. Journaling how you feel is important. Then you find patterns in what's bothering you. Get into a meditative state and start to relive the trades that bother you. It's better when the emotion is fresh. Like if you get stopped multiple times in a row and you feel the pressure. Reliving stressors like this in a calm state of mind helps the subconscious mind associate these triggers with being calm. This method has been used with people who have PTSD. Also when you're tilted the blood is flowing away from the part of the brain that makes logical decisions, but how can you stop if you're not aware?! These practices I mention take a long time to start to see the benefits. Humans aren't designed for trading. We're not wired for it. I tell my traders especially the new guys it will take years to get consistent. At least a year of hard work. Problem is most people don't know what they're getting into when they do this, and don't know what kind of work they should even be doing in the first place. Trading and being done for the day will not cut it.
Also reviewing trades in hindsight is not helping. You have a plan and you need to make sure you're executing the plan. Sometimes good setups fail. Trade management will never be perfect. You have to learn to be okay with it. It also takes a long time to be able to hold trades instead of cutting them too soon. You're panicking out because of a lack of confidence. It may be do to the fact you're not taking setups with edge. Even if you hand a trader a setup with edge. They can screw it up and it wont work for them, and it all comes back to mental framework. If that mental framework is not being worked on and you don't develop specific solutions for specific issues this will not work. The cold hard truth, is this is a very brutal career path. Anyone that tells you otherwise is full of it. Options is a great way for people to trade who don't want to put in the countless hours to becoming an outright trader. However that even has it's own risks if you don't comprehend them.
Man your videos are actually refreshing to watch, this is the actual reality of trading, real and raw. Not fake gurus pretending they know every move of the market lol , keep it up man it’s inspiring
Legends to embrace if you want to get rich investing Danny and Gary Joe Wilde.
Graham too. Don't know why Gary Joe Wilde chose not to own a video channel here like other pros. He is older and even more advanced.
@@Brussardjnr He is simply obeying regulations he is not permitted to own or operate an investing video channel.
@mackenzie fventes Same here.
Yo! Been in this situation. Solution is very easy. Just set a restriction in number of trades to 5 a day. This will force you to take high probability trades and work on your discipline. Keep it up for three months, and you will be succesfull. Bank the profit, walk away, and trade the next day! It will be so hard in your discipline!!
I appreciate you showing us all the steps of your process. Most people don't even like to speak about their losses with exact numbers! I hope we all keep winning soon! Learning and prospering!
Can’t stress enough the amount trust I naturally feel from this dude is insane
inVest w/ Me foR masSive GainZ
just kidding, i would never do that
@@DanielInskeep funny 😂😂😂
It’d be great if you do a “ I tried swing trading a $1000” video. I find that less stressful and you can make great returns.
Thank you for doing this. Was researching on day trading as a career path, your insights were golden. Have a great December!
thanks, best of luck to you 🤙🏻
Ive been trading since 1996. Seen it all. Some rules. Dont trade below 4hr time frame. Dont day trade. Dont use confusing technical indicators proven not to work. The rest is up to you to work out. You made a good video. No lies. Just reality. Hope it helps those looking for some answers.
People, dont think you can trade and make money after a few months. Listen to me. It takes YEARS to learn. There is no easy shortcut.
So stoked for this video!
I want to thank you for being this transparent man, the realest youtuber out here. Looking forward to your future videos!!
❤ You and Gary Joe Wilde are highly recommendable investing coaches every investor who wants to get rich investing must work with and embrace closely. Unfortunately, don't know why Gary chose not to own a video channel here like other experts. He is long-established and very advanced in the field.
Cardone too. Btw, Gary Joe Wilde is SEC regulated. They aren't permitted to own or operate an Investing video channel.
@@Brussardjnr Any idea how I can reach Gary and his charges. I Love the testimonies I have seen about him by people on cnbc make it.
i prefer gary's method; simple &straight forward i have made over 40K gain a few months with him. In all honesty, wish i had known about him earlier.
@@sonyablack2015 Same here wish I knew him before the crash.
Very well made. Keep it up. Looking forward to see next month when you go red to green!
@@chris-pj7rk
For beginners I would recommend trading technical patterns where algos and hedge funds are not active, like small cap stocks. Scalping on a highly liquid environement like the Nasdaq future is for the large hedge funds who can't find the liquidity anywhere else.
I’m glad there are people out there like you Daniel that risk $1,000 to teach the world about risky investments
Awesome video Daniel, you said that you spent time learning more about trading, where did you go to to educate yourself more on the topic?
It's always interesting to see the full experience and perspective of this kind of stuff, keep up the good work.
I was highly looking forward to this video since the last one. & I can't count how many times I've closed a winning trade because I was afraid to lose. SMH.
i hate it
Phenomenal video. Rarely do people show this side like the way you did. Big ups to you
Thank you for your honesty and showing your trades both good or bad, It is so good to know its not just me. It gave me a great deal of inspiration
Thanks for watching
Hit me up there ☝️☝️.
There are profitable nods and patterns I’d love to show you..
Nice trade management, I'd recommend trading on larger timeframes though as I think you'd find yourself in less stressful trades with less noise
Looks like a case of over trading. 1-2 setups a day keeps the commissions away!
facts!
Thank you for the honesty bro! I watched your first video as well, you got better (aka got cautious). Looking forward to you double your 1000$
Awesome video man, love the trading content
It was me, Daniel gave me $800
Thanks for another one, awesome cause I just watched the first one!!
big ups for showing ur journey
i just like your voice for narrating xD
Really interesting, thanks alot for showing the postive/negative of day trrading
I commend you for this video great stuff! There’s definitely better platforms to trade on that aren’t taking fees like that. $400 in fees? That’s outrageous. If you used a forex style broker you would have nowhere near the same amount of fees for your scalpe trading style.
I've waited 10months for this video!!! 🥳
I really appreciate your honesty and candid reporting. Surely, using this stategy you will be successful in time. I'm following....
It's great that you aren't afraid to post about your failures as well as your successes. Because day trading usually begins with a lot of failure ...
Love the honesty and transparency here. Great vid.
Can you give a run down of what oscillators and chart metrics you use?
I understand this video was intentionally about trading with zero experience but yeah, paper trading is very important in the beginning until you get much more confident in your ability to consistently profit (and get all those "Duh" mistakes out of the way). Another thing: Day trading is actually very mentally taxing so definitely better off doing like 3-4 trades a day then calling it a day rather than trying to make more money but not being as alert.
First of all: What the hell are these fees man. So high!
Second: Next time you try this, if you see a pattern that you like, i would advice you to set up you TP and SL and then just let the trade run. And if it turns around, then so be it. But it will teach you over the long run, to just "trust your system" (assuming you have a working system) and not micro manage each trade. If you took that trade, you had a reason, so stick to your plan (like you did at the start of the video). One of the hardest things to do as a Trader, is to do nothing. So practice that ;)
Same praise as all the others Dan. The biggest obstacle is our own psyche. It helps to be reminded!
In short, the trading platform is the casino
100% love these videos 🔥
I did a bit of futures trading the 4m is incredible, gives you much more info than the average price or any of that bs cause it tells you general market momentum, you need to have an idea of whether you expect the day to be green or red, something that comes with time and that you should know as you do options. overall futures tend to respect supports and resistance a lot and a bounce around frequently giving you ample opportunity to exit if you feel unsure, don't be the first buyer of a dip but sometimes depending on how strong demand was last time you can anticipate and jump the gun a little. Hoping to get in an account soon, demo went pretty well
Thank you for your time explaining investing and side hustles in a easy and digestable way, i made this year a good return thanks to some options plays i learned, keep up the good work with your videos, i will improove on my trading and youtube videos next year for sure + starting to learn logic so i might end up creating real music:)
I've been trading for over 7+ years, some of the mistakes that people tend to make is the emotional aspect of trading. NEVER trade on emotion and PURELY on strategy.
Try to set win/lose % for the day, for example, you got a 1-2% gain for the day, which is good! Keep it going and you'll see money in the long run.
Do not trade more than 5 tickers per day, try to focus on the ones that you have researched in.
RESEARCH IS KEY, you can't just blindly go into a ticker/stock and expect to make money.
Remember, Fast money is also susceptible to losing money fast.
I appreciate how he learned from his mistakes the first time and that he's sharing his experience with the public.
I have no idea whats going on but I like watching it
A very real documentation, I still look forward to trading futures. So do you think you’ll stick to options after this??
i'm so tired of trading futures, tbh. i think i would maybe trade them occasionally, but i plan to stick with options and commons
Hey Daniel Bro. Merry Xmas to You first of all.
LOLOLOLLLLL...You ain't the only losers in the world. Love to watch your CONDENSED trading diary and the balance analysis in a whole month.
Your video also mirrored myself not long ago. Unlike a lot of Day Traders videos in YT, I would say yours directly pinpoint the total balance within a target time frame instead of other just showing around.
All I can say that we were totally manipulated by the platform stimuli and the broker's rule. Not knowing about your previous trading background you had, but I just can tell the whole process of HFT is exactly THE SAME as well as the result.
Well, well, well... there was no free lunch in the world and I would say being a day trader esp the rookie trader is the toughest job in the world with MUCH MORE STRESS vs a real life in my hand. You will find out you are much happier than you were crunching your back in front of screen. LOLOLOL plus that natural smile.
Now I use the same energy on reorganizing my CV and cover letter to fight the real world for next real job hunting during the junction of COVID employment great gap years. I do believe you are also an educated guy based on your explicit computer job on video. I also believe you can get much better job than the average. You're still very young.
Thanks for sharing your diary with us. Good Luck to you and myself.
Give you a present from YT TSFH-- Never Give Up On Your Dream
..................................................Merry Xmas to You................. What's UP .........................................................
Man! I can see myself in you except that Im dumber! I want to quit out of frustration! Well I have my reasons on why I want to trade and that pushes me to study and learn more. Just knowing that we belong to the 90% is somehow a sign of relief on my part because I'm not alone. I will give myself another year and see how it goes.
Your previous video is what inspired me to see where I can i take a hundred dollars. I'm currently sitting at about 500. I am a novice at best but i'm cataloguing on my channel so i can see how far i can go. I'll probably lose it all by next week, lol!
"Right idea, wrong timing" is, I'm sure, the bane of almost every trader's life. Patience is SUCH an under-utilised skill for day trading and something I need to remind myself about pretty much every 10 minutes
at least this video is extremely honest and realistic. Retail trading is extremely tough . Fear of losing in a lack of confidence in our own trading system. it is extremely difficult to overcome and most of us will never be able to do it. that's the harsh truth
Me encantan estos vídeos, I am fighting too with this trading issues.
Honestly this video bring me hope.
I think a part of it is because this challenge took place in 2021, not 2020. From my experience, 2020 was trading in easy mode.
It's interesting to see others have the same issues.
I blew a $2k account over a couple of years trading options and have been trading paper since then.
It's really all about discipline with stop losses and gains.
For small accounts it's also important to keep the number of trades low to avoid losing to fees.
How you doing
@@MediaEdits2701 I changed up my strategy and now I'm swing trading Credit spreads and the Wheel. It's working really well for me so far.
I love your videos!! Question, what stock simulator would you recommend to practice trading like this with fake contracts?
Awesome video man. Hopefully this helps people. My biggest mistakes were not waiting because of fomo
Great video, hopefully it will save somebody a lot of loss. Seems like the old saying "the house always wins" in this case could be "The broker always wins"
Thanks for these videos
I buy and sell contracts on Robin Hood and do well. No fees either, I will say a downfall is getting a wrong price for a contract. All and all it’s still really good. I still have bad days tho too. Can’t imagine doin what ur doing. I’ve learned the market is up or down for the day, hard to trade micros. My average play is ab an hour in. Just a fellow trader sharing my stories lol.
Love the honesty
12:04 you forget the most important one: Risk management.
Took me over 5 years , over $75k in losses to establish myself as a full time profitable trader. It’s not something I recommend anyone pursuing , ever, but, if you are naive, crazy, and stubborn as hell, then it could workout. I’m part of the small few that it has.
Thank you for helping me realize that I know absolutely nothing about day trading, you might as well have been speaking Chinese.
futures daytrading is probably one of the most difficult forms of trading from my experience.
even very experienced traders and daytraders fail.
it might look so easy to take a profit but it bites you faster than you think.
You should include the opportunity costs of labor and recalculate the losses.
what would my costs of labor be?
when you enter the trade walk away for 5/10 minutes.. I use to do exactly what you did.
Daniel, how can you day trade with under $25K? I thought that was the minimum otherwise you're limited to 3 trades per week.
What platform is he using, it looks very clean and simple for beginner traders like myself
The fees are killing you, I took puts on TSLA and AAPL today, made an easy 7.12 on 5 contracts on TSLA and about 4.32 on 10 contracts on AAPL.
i have an idea that U may try . that i use my self depending on market conditions . OPEN 2 ACCOUNTS ONE LONG ONE TO HEDGE THE LONG TRADE'S . more to it but U get the idea .
Nice video, although you didn’t win, but your honest, and that is rare in this world.
Thanks for watching
Hit me up there ☝️☝️
There are profitable nods and patterns I’d love to show you.
Try to look for a different way of trading with futures, read the chart through the eyes of ICT smart money concepts. Retail trading can be very uneventful.
The fees on that platform are disgusting, great video though very enjoyable!!
How are you not getting restricted by the pattern trader rule?
You should make a day trading/swing trading challenge using unusual whales
Make this a series cause it helps
Please make more videos about your option trading and profits
The market is based on euphoria and fear. Learn to control your emotions and dont trade anything before 10:30am. After 10:30, the market slows a bit and you can get a better handle on your stocks direction. Nothing is 100% but these few rules work wonders
Hey man! I just wanted to know, is it worth being a full time trader. How long did it take for you to start making profits in day trading. I'm in my last year of college and I've been practicing. I can see improvements but haven't made any significant profits. I'd love to hear from you. Thanks
i am not a full-time trader. i am profitable, but my full-time job is here on youtube. realistically, you may be able to do it after 2-3+ years of 40hrs+/week studying, screen time, trading, etc. it's doable but very difficult for most.
Wow interesting, this is literally what i was doing when I first started out. Decent win % but terrible risk-reward. Try to keep a fixed dollar amount as loss and profit and plan out your exit levels. For example, if my loss or profit is $50 then if I enter at $5 and support is $4.5 then I would buy 100 shares worth 500. That way if you get stopped you lose $50 and if the trade goes your way you make 50 and then improve your risk reward as you get comfortable.
these videos just show you how hard it is to trade and hard it is to be profitable.
unfortunate bad timing to attempt this challenge during all the FUD catalysts playing out
Honesty sir pays off
That’s a very good video . It s really realistic
Jamie Lannister dabbling in the Stockmarket
Yeah for me I target making a certain amount everyday. The casino mentality will blow an account expeditiously. Been there done that.
Hope you have a max drawdown as well.
My question is wy did you take those trades? Based on What study ?
This is a great video.
So many people follow this same path to the same results.
It's called day trading but you need to watch the overall markets, and stocks in play everyday, over time and build up strategies where YOU have an edge. Build your business.
If you ONLY jump into the markets everyday actively looking for plays you MIGHT pull off some good plays here and there but over time you will fail. Even though you're day trading you need to be looking at, and thinking about the bigger picture constantly.
It's why most people who say you can do this in 1 hour a day are full of shit. This is a full-time job and if you're constantly on lunch break and calling in sick or dipping out early how do ever really expect to succeed playing against people that take it extremely seriously and have almost limitless resources to come up with ways to take your money...
Thanks for watching
Hit me up there ☝️☝️
There are profitable nods and patterns I’d love to show you.
The House always wins. Zero loss, 💯 percent profit from commission.
I had dedicated 24 months of my life to trading. That is a full 2 years of my life. Now I have a 92% win rate and 40%-80% profit of the entire portfolio per month. Trading can be profitable but it will cost you dearly. 2 years is a lot of time to lose in your young life. And I had been on the brink of suicide many times due to frustration and dashed hopes before reaching this point.
If you make 1% profit per trade and do it 100 times you've doubled your money. Yes, it's boring, nothing to brag about to your friends when you only make 1%, yadda, yadda, yadda. But when your nest egg is doubled in size, you have bragging rights.
good experiment