What I have learned from my biggest losses.
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- Опубліковано 19 лис 2021
- In this video, I talk about some of my biggest losses and how it help me develop a better strategy.
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Penny stock millionaire, learn to trade, stocks, market, trading, day trading, day, trade, how to make money online, business, millionaire, Asian, self made, income, invest, investment, finviz, hot, low, float, profit, learning from my biggest losses, penny stocks, stocks to buy
I started off with 3k. Got my account up to 100K and now I'm down to 45K. Yup, that's how much I loss in just a few months. What did I learn? I got lucky on some nice swings. As far as actually day trading...I was making all the usual mistakes and loss over 50% of my account in just a few months. Now, I'm using risk management on each trade (no more than a 2% loss) and noticed my account is moving back up. Right now, I'm trading with all profit now. My original 3k got put my back into my bank account. It still sucks losing over 50K, even if it's all profit. Hard lessoned learned. But now, I made a bunch of rules and I follow them to the T. Now, my wins are a lot bigger than my 2% losses.
Would love to hear more about what kind of trader you are
Sounds to me like your a winner my friend 42k is a shiz ton of money gg
Steven this is one of the best videos (if your UA-cam contents are this good, no one will buy your dvd) I've seen from you. I've been following you for over a year and I must admit your contents are the most relevant. You're one of the reasons I've been profitable and slowly building up my stats.
I appreciate it
This vid came out just in time for me. I just took my first big loss as a beginner :’)
Thank you, great video I have experienced all of these aswell! My biggest loss has taught me to only use x1 leverage never use anyone elses money because if you do an lose, you won't have the equity to gain it back!
DUXINATOR thank you for making more videos. We missed your lessons
love your videos, always humble and genuine
thank you for the lesson steve.
Great advice, especially about not trading the same ticker multiple times. 🤔 I think each time you trade and lose, you attached biases around your thought process with that ticker, therefore each successive trade results in less and less clarity.
Hi Steven, Thanks for the video. big fan and inspiration.
Thanks for sharing your knowledge and experience with us. Watching this just reminded me I have broken one of my rules. Lost 100% of my profit and pulled out of the market for nearly 3 months. I feel like I have amnesia. Thanks again, Steven.
One thing that helped me was to stop looking back on stock prices after I got out. I did that for a long time and it always caused me to hold on too long the next time. I also stopped looking at dollars made or lost but instead only look at percentages.
Such a great tip
Training emotions definitely need to be in check in my case ...still learning everyday
Thank you Steven!
thanks bro you're super helpful
Hi Steven can you please show us an example of how you read past stock data to plan future strategies? Thanks
Thanks for sharing!
These are actually pretty good advices in general. As a trader, I can for sure relate somehow
Thanks great advice Steven , that is exactly what I have been doing over trading and ending up losing more.
Make your adjustments and learn from your mistakes as I do.
Hey Steven thanks for talking about these losses. I took some big losses before from over trading several times and with size, and letting my risk fly. I would probably be a millionaire already but I literally have that one day I take a big loss every few months. Trying so hard to stop it by sticking to 2 try rule
The reason your overtrading is becuse your trading any patterns. Stick to one pattern. First test your pattern and find out the win percentage. Then just trade that pattern.
These are some gems 💎 ! Thank you for sharing Steven. Batman, out.
Thanks especially for that last tip. Capital is what keeps you in the game. Without it you're toast
Thank you!!
This is a really Great content, thank you for taking your time for us.
Glad you enjoy it!
Thank you, that is very useful for the way to disipline in trading.
Glad it was helpful!
Thank 😊 you Steven! Your d Man!
Love the vids 🔥
Need this rn ty
That is where I'm at now. I had a lot a money and now pretty much lost it all and now can only make 3 trades a week. Hard to live with. But will say. Got lucky when I started trading 3 trades a week starting Oct. 25th but have at least stayed green with all winning trades but one and that should have been a tiny loss but held and cost me pretty good but still green. So working hard on it. Now I have to build my account where I can trade all I want again. Thanks for the Video. Appreciate it. :)
thanks man for the video!
Thank you for the video Steve!
I’m currently thinking about buying 1st Tier or 2nd Tier and I’m wondering if I get the same Chatroom access with 1st tier as 2nd tier?
Can you explain how you track your statistics? I day trade and I am trying to track my day trades. Thank you for the video.
The worst trades I get are the ones that have huge range in the pre-market. It spiked huge, but then fell down really low. So on the open push, maybe lowish float, you don't know where to set your limits at when there are so many tops in the pre-market chart. Could it be here? or one slightly above? That's what happened. 1) average push %... okay entry. nope. 2) okay, it's gotta be at the whole number. break through that. 3) now at the PMH. definitely gotta be it here. nope. 4) slightly broke PMH, then halt up. since it broke PMH, you just wait, because it could go long. but then 3 minutes later, it cracks huge red candle, and you were not in at all. just close the laptop.
Good video steve
#2 is REVENGE trading not over trading but yes more or less same concept, there is a difference between overtrading and revenge trading
Yeah, similar concept, also something I experienced before. I lost 50% of my account because of this. However, I learned to control my emotions, and regained what I lost. Trading you need to be humble, or get humbled!
This is tough Steve but I will keep trying. Thank you!
You got this!
Thank you Steve 🙏🏼
n*🤦🏽♂️
You are clearly highly skilled and intuitive with the market.i am trying to absorb as much of that as i can😅😉😁
Thanks or some great advice Steven greatly appreciated
My pleasure!
really liked this one
very helpful insights
Thank u
Thanks for Very good lessons and Tips.
Hello steven thank you for the videos. I have a question. what brokerage do you use the short stocks because a lot of brokers dont have most of the stocks that gap up in the day as Easy to borrow. Can you help?
Thank you looking for a live trade series?
nice Hickey, Steven...make the next video on your harem of market groupees.
Great video.
Awesome advice Dux 👍👍👍👍
Eyyyy thanks DUX
Thank you so much, Steven! I am learning a lot from you! 💕
Thanks men as always good lesson.
Glad you enjoyed it
love you steven
Hi Steven i ve a question am doing my data statistics andIneedyour help...if a stock gap up and run for 2-3 days 500% should i track the 3 days as one or separate? Thank for your help
Ty sir
- take out random trades
- split account: 40k trading, 30k backup, 30k backup
Which order do you place while entering a position, market or limit order.
100% agree
What scanner you are using to find the potential tickers to trade?
Hello Steve thanks for your videos. I want ask if you can make for us a cours
SOLID !!!
Lol the random trades one is soooo relatable
Ur the best thanks for making me rich
videos like this is what separates a fake guru from a professional successful teacher
Not making other trades before my initial trade covers it's own losses or what would be a loss given the next purchase.
Pinoy here 😊 i watch most of your videos.. I learn a lot Hope to be great trader like you some day 😎
my mentor more videos pls.
Is there any point in trying to trade first green day?
Great video. I’m in a pickle with PayPal, DBX, and Disney contracts 😭 I doubled down but may have to reevaluate my positions.
All in bad down trends if you went calls. Theta killer since all move extremely slow. Cut losses would be what I do and reposition on pypl on a red month by going a leap. You'll get your money back
Nice new outro
is Gold VS USD is good for beginner trader? many thanks
I've heard that 1% day traders with success (profitable).
Never let success get to your head; never let failure get to your heart.
- You always pass failure on your way to success..👍
Amazing video
Thanks!
Steven, if I have an 85% probability that stocks with defined criteria will not gap up more than x% in current market conditions, then why would that be a beginner mistake to short into that zone with defined risk above that level?
Again going to a monastery and clearing your mind is must before you go on the investing roller coaster.
🔥🔥🔥
Love from nepal.
真棒👍🏻棒👍🏻 华人的骄傲！
Is it best to have a margin a account ? Or…
How high can it go ? This is my favourite habit.
First to comment... You know it's for the algorithm😉
Steven dont short GME
I am doing all these mistakes at once
anyone else notice the hicky my boy got? this guy lol
bbig in 2016?
$BBIG is still taking huge losses, I am glad I got out of it.
First comment
God my home cost just 40 thousand dollars and my trading capital is 1200 dollars in 99k INR
I made a similar mistake and blew up my account and lost about $250K in CAR when it kept halting up. I thought it was impossible to rise that high in one day, but it did. Be very careful guys when trading halt. Stock has a way of doing what you think is impossible so accept your small loss before you lose everything.
you shorted @315 or @408 level ? spoiler alert i always short @ back of the move like @481 in this case risk @535
@@bartvanneste9301 , I shorted at $325. Could have gotten out around $300 and book $25K profit, but I decided to hold thinking it would go down to $250, but it didn't. Eventually, it did go down to $250 as I predicted, but a few days later. Thanks for the advice. I'll keep it in mind.
Your portfolio is green but your neck is red bro 😭😭😂. Good video lesson though.
he just rolled out of bed and set, let me get this video out, that hair lol
First
Is that a hickie?
I lost and blow 50%of my account at after 5 months of trading this is.my 9th month of trading still no profit for me can you belive it
can i get a like stevan love from india