The 3 habits that will make you a better trader
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- Опубліковано 6 чер 2024
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Penny stock millionaire, learn to trade, stocks, market, trading, daytrading, day, trade, how to make money online, business, millionaire, Asian, selfmade, income, invest, investment, finviz, hot, low, float, profit, over trading, trading patterns, hobbies for traders, habits
Steven I just saw your tweet of your 6 million dollar gain 🤯 that’s insane, congrats 🎉, I really hope you gonna make a video breaking it down
Having a hobby is extremely important. Two weeks ago I traded like crap. If I didn’t have a hobby to get my mind off of trading I would of kept forcing myself to make bad decisions. It helps reset my emotions. Sometimes that’s all you need to get back on your feet. A reset
All very useful info. Trading the first minutes cost me a lot at the beginning. Whatever you decide to do, people...keep coming back. Consistency will make you a profitable trader. Good luck 2 y'all.
Simplicity is the key to brilliance. Great piece of advice
Steven, Just want to say Thank You for sharing your insight, wisdom, and trading experience !! I, being a Newbie, Truly Appreciate the education I've gotten from You. May the Lord Bless You and Your Family.
I appreciate that!
I think a lot of new traders also have to deal with FOMO. Starting out, we don't have multi-monitor setups, so we cannot catch all the opportunities for that day -- mainly, we are just focusing on one ticker. If we borrow shares, and must force to wait 15 minutes after market open, there is a chance that the stock does not perform the right way. So we think we have to force the trade with the locates, or else they are wasted. Or, maybe we enter, maybe on backside, but there isn't enough meat left to be worth it. And scalping intraday is very tricky to do to make the fees back. It's very hard to just walk away when you miss your chance or don't see an opportunity.
The only exception I would take on the early (at the open) trading is that if a stock is strong, with good news and a good setup, and there is a dip at the open to a support level. I will trade these dips.
The same can apply to a potential short that goes up to resistance in the first ten minutes....
Great advice about the hobby to help re-center to prevent throwing good money after bad, prevent ulcers, and ultimately overtrading in general.
I find playing one match of warzone helps buy some time for the market to set up and also help relieve some stress, especially when I win.
I recommend a book 'Atomic Habits' by James Clear - since this video is on the subject of Habits. It teaches you that motivation is not the problem, it is a lack of good habits. Good habits (and Dux and Grittani) have made me consistently profitable.
thanks for the book recommendation
I'll check it out!
just read this for trading - 100% great book
Thanks Steven, good stuff.
Steven congrats 👏 on the big win this week for $PHUN,DWAC 6MIL PROFIT 📈. An inspiration and motivation for me to study more 💪.
You're awesome man ty for the knowledge.
Hello Steven, do you have a video showing how you pick a certain stock? Thanks for all these tips to help others be profitable traders!
Hi steven! love your tips and videos. how do you feel about trading IPOS? i was looking at the rivian ipo next week!
Thank you Dux, like always, appreciate your knowledge! 🐐 God bless you. May you be prosperous 70x7. 🙏
I appreciate that
This was a great video.
You hear these things a lot in life, but hearing it from someone that has something to show from doing them makes me take it more serious.
I'm from Australia so I would have to work a night shift to trade the US stock market. I'm having fun swing trading and holding medium term positions right now! Cheers for the content.
Steven, do you think teaching has kept you disciplined or has teaching made you a better trader as a whole?
Thank you Steven, I'm just starting out on the journey, your style and communication has definitely resonated with me.. looking forward to No2 video on my email..
what type of pattern do you look while entry ? If I am not wrong is it consolidation ?
Hi Steve , How do you trade between 10:00 to 11:00 when your borrow stocks between 8:00 to 8:30 no stocks to borrow.
Respect Steven!
Your channel helped me alot over time.
Glad to hear it!
Hi Steven, what brokerage do you use for shorting? TD Ameritrade never has any shares available for borrowing. Thank you.
Always the best comes out of the bests!
Hey Steven, where do you borrow your shares (I assume you're talking about short locator services?) and what brokerage do you use?
Great Stuff Steven, I like that you keep it short and to the point.
Glad you liked it!
I am wondering how do you use sticker patten to determine the sticker whether it can be traded by short or long? I am new .
Big Thanks to Steven for sharing important techniques to become successful trader. Very humble expert and successful trader at a very young age. Congratz and more Succe$$!!!
I appreciate that!
Hi steven, how to backtest a strategy if it cannot be programmed. For example, 2-minute chart wedge pattern and buy at the end of the wedge. Wedge patterns can be formed by 5 candles and also 20 candles stick........... Do you go back to every chart and check it one by one?
I didn't know you can short premarket. Great content as always.
Thanks!👍
Great video thanks a lot
Hi Steven can you please tell us a little bit about your strategy? Do you trade.breakouts??
Do have a chat rooms for people to join? Looking to join a day trading community.
Wow your english has improved so much! Watched you since a long time ago
How about if I just automate everything. Thanks by the way
Thank you!
1:35 THIS......thx Steven Dux.
Sir,Do you recommend pairs trading using forex( say EUR/JPY & GBP/JPY OR AUD/USD & NZD/USD)--correlations are 90% and that gives solid staying power & sharply cuts down draw downs. Buy underpriced pair & sell overpriced pair(say using 14 period RSI on 4H charts)? And there are lots of such pairs with 90%/80% correlations--and ALSO that would sharply cut down accounts blow ups even for new traders.
Lol! Wonderful video but in my part of the world major market opens at midnight and then in few hours New York opens so I don’t really sleep those hours
Thxs dux
Good work Dux
Thank you very much God bless you 🤟
You too
great information steven 👍
Glad it was helpful!
Been paper trading for a while now after losing tons of money. So starting back live today with the new trading style of leaving my emotions out and following what you said here. Thanks :)
Keep it up
@@stevendux Thanks > I've made 2 risky trades but Green so far. So learned and will try harder. :)
3 Trades this week and a Nice Green Week. So very happy and I do give you a lot of credit for it. I really took my time and waited this all the early excitement ended before I made trades. So will do the same next week. Thanks so much. :)
what platform/broker are your favorites?
That wink when you said " play videogames" killed me AHHAHAHAHAHHAHAH
My hobby outside of trading is being a broke ace working a 9-5 that hasn’t gotten me anywhere the past 20yrs. But I’m quitting this hobby soon! 💪🏽😁
What broker allows premarket options?
honestly i just wake up like 15min before the market opens to make sure i don't trade premarket. It's amazing i fell into the same time frame as you after about an hour or so after the open is when you start to see exhaustion and the reversals start to form with volume dying out. That's when I begin my short selling. The first hour is when i have my biggest losses. So many "Bear Traps" i call it, so for first hour i just watch. Unless a stock was really broken from premarket i may short at the open.
Premarket trading can be done, but the chart needs to conform with the volume. Unless you get massive volume to confirm the pattern and exhaustion, its just 'painted tape'. Thats what makes premarket tricky
What brokers do you use?
is Gold good for beginners? thanks
congrats on the $6M my dude! all the haters and doubters are quiet now, lol. are you feeling charitable? maybe I can get you to answer a question. Q: you said before on multi-day runners that you should 'remember the original market cap'. But you never explained why. I tried to think about it.. is it because you expect the stock to drop at the average of that original MC? a stock fading from 500M when it started at 100M is different than a stock that went to 1B from 500M, I understand this. But there also comes into play float rotation, which in theory could keep that stock in that upper level for a long time. Maybe I got it wrong completely. Your answer will help a lot of traders -- appreciate it.
I am a beginner and want to try trading and i don't know how and from where to start. Could you please suggest what i can do? And am new to this subject.
Start by paper trading, many different brokerages have this available. You are going to lose money for a minimum of six months up to 2 years. Learn how to trade before you go live with real money
Ayo I was wondering, since most of the stocks that I want to short are either hard-to-borrow or none-to-borrow, how do I short these stocks?? Is it the type of broker that I have to use?
Cobra Trading for shorts.
I agree totally
Tq brother
Are you talking about Day Trade ?? Do you hold your position for long term ?
can you see the gain % of the ticker before the Market open
Thank youuu very much for sharing, I really interested to trade, but still so new with all of this, would you mind helping me to start trading, please?
Great tips. I’m wondering if we focus on 10:30-11:30 market time to short, how could we play/short plays like $PYXS short today 03/31/2023 at market open? Or how do we short similar plays?
The open is too crazy for big size because its all institutions trading the first 5 mins.
I'd wait for continuation trades and confirmations on trends.
Thanks for tuning in!
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dux usually places a trade vertebrae 10:30-11am after nooby traders have gotten out and market has settled a bit.
first 5mins or 15mins super volatile. maybe don't place trade
Do u always sit like that when u trade? be mindful of your posture!
i will be waiting for the video, in which you explain what your thinking
was before entering and making 6 million
hey steven when we are getting house tour video ?
Very informative video as always Steven, also when’s the house tour and Lambo video dropping ?
Soon, have a couple other vids first, sorry for the delay
i do bit of gardening in between trading
This is what trading is
What's time if Malaysia/Singapore
when is the house tour coming out?
Ok what’s up with this high level editing 👀 also thank you Dux for the video , these little habits actually do help a lot
Wait, what. I thought it was just common sense that you should wake up 1 hour before the market opens, I've been doing it since day 1. @_@
My hobby outside trading is college 😆
谢谢
do u play counter strike 1.6
I find the first hour of trading is a mess, I don't like trading the first hour, too many rug pulls happen
WHERE IS THE HOUSE TOUR STEVEN ???????????????????????????????????/
good video
Thanks
Again, This Advise Is Gold.
Glad you enjoyed it.
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Steven, so you have 7 years experience, but you still battle with emotional control..
I usually played srarcraft brood wrs
I played against the machine, melee on the map Hunters, there was another but I forgot
I would be protoss, I would get the dark archon, then quickly get them to turn the drones of the terran and zerg into protoss
then I would make all the buildings of terran n zerg
then at the entrance point were the enmy will arrive, I put tanks, terran bunkers, and the zerg thing that goes under ground and makes spikes come up, but I would also have helli carriers, but they are invisble becayse behind them is the thing that makes them invisible, and im not sure, but I would have the star cruiser too, n they would be invisible too,
but at the front is the dark archon
n when the machine team is coming, I would be turning them into prottos, and I just do that, till there are no more resources in the map
really no strategy, just bored.
I hacnt played it in over 10 years
I just play count sttrk 1.6 now,
So Steve you DO NOT make any TRADES in PRE-MARKET??
do you meditate and believe in manifestations
Short
Trying to follow you on Twitter and there are ten accounts with your name which is your Twitter handle thanks
HAHA semi pro starcaft 2 player grittani an advanced player
6milliDux
Over trading is real. I watch porn that's my hobby ;)