#1. They all think that I should be rich. If I'm not making $1000 off of every trade, I must be some kind of loser. 2. I must be crazy for even doing this in the first place. 3. They don't understand I am actually working. They see me sitting in my chair all day and assume Im not doing anything. So they don't think they need to respect my time.
Thanks for all of the high quality videos! You are now my favorite day trading youtuber! I love your simple yet effective approach. I have adopted your simplified use of VWAP and volume indicators to cut out all the noise so that I can concentrate more on the price action, which is already paying off. 😊
Thank you for introducing me to the price action concept. I finally made good consistent profit this year. Up 75% YTD with 3 long trades and the rest short trades this year. I have been using the 9 and 20 ema, vwap, 50 100 200 sma, playing off fear and greed psychology. Looking forward to see where this leads me in a couple years.
Greetings, I am more of a swinger than a daybot. One summer (2002) I would move money back and forth between my 401k bond fund and my 401k stock fund. When the stocks declined I move money into them. When the stocks surged up I would move money out. That summer I moved money every 3-6 weeks. ... I doubled my 401k balance and the fund company started charging to rebalance! :). You make money when you move money
Your jokes about your ex end everything else are always funny! Keep up the amazing uplifting content and thank you for sharing your knowledge and being incredibly humble!
At your first 2 years, you are one of the donators to Jim Simmons Team who took all your money and including mine. I need to join to his fund but not available to us.
I started watching your content. It so much valuable content to pick up all the way from start to finish. Ill keep eyeing more of your videos in the future.
Thanks Shay, today I had 3 winners and a small loser. But unfortunately I have to return to work to fund my account further. Trading a 2k account brings on a lot emotional issues. I am working my way thru them with self recognition and discipline. Fear is still there to a lesser degree and what it is causing me to do is have a problem with my exits. leaving money on the table and giving back to much of my profit. These are all the mental things a day trader goes thru. There are 2 worlds a day trader lives in the " physical and emotional ". Since trading is 90% emotional you can see what needs the most work. I will day trade until I take my last breath. This is a lot of work but I really enjoy it and am making progress. Good book to read "The disciplined trader " by Mark Douglas he lays it out in a way it is easy to understand. Wayne from Boise, Idaho. Potatoes anyone?
Why don’t you open IBKR margin account? With 2K you can trade with more than 6K. But the catch is you have to be good so you don’t fall less than your 2K. I would say to be safe 3K is better
Well, the truth is that if you're really good at investing, you can make a lot of money too. But nothing is easy, everything requieres work and learning in life
Hi humble trader, I love your videos and learning a lot, my work is 10hrs shifts and I cant wait to start my day trading journey but I still have lots to learn, I have a demo account on trading and lol I am failing but with your videos it's helping me to make my demo account go higher so I might start my trading journey soon, thanks again 😊
If you day trade futures in the States, profits are split 60/40, with 60% being counted as long term capital gains, and 40% as short term. So you get much better tax treatment trading futures over stocks.
Shay, many would like to day trade and are ready to but keep in mind in the USA you have to have a 25K balance to not be labeled a PDT on any platform and after 3 warnings you are canceled! We CANNOT use 5K and day trade! Not even 10K! We can only swing trade or Level 2 options. So please keep in mind and maybe do a series about this.
I use my 3 day trades every 5 trading days a trade opens back up so space them out Monday Wednesday Friday. Been able to make 500$ a week day trading like this to grow my account or you can just use cash account and make unlimited trades but takes some business days for your funds to settle after every trade.
That’s why you need to get about 40k to start. I know crazy right. You don’t even have the 25k but if you don’t take it seriously then it won’t be worth it.. DO NOT TAKE OUT A LOAN. I took one out but I had been trading on and off for over 6 months before I felt certain I could make money.
thank you so much for this video !! one of my close relitives recently questioning the morality of my day trading . i think hes off his rocker lol gone off the deep end .. i tried to explain. i dont know whats going on with this family member got issues lol
Shay, as always, I really enjoy the education I get from your videos. It's also nice seeing your priorities, family. I'm a faithful "Like" button smasher, and promised that sometime soon I'll quit talking and start paying for that day trade education. All the best,
THE HARDEST FACT TO ACCEPT ABOUT TRADING You can do everything right: Perfectly follow your rules. Apply risk management. Show up every day. And still LOSE MONEY.
im still doing this part time, but im preparing myself to be able to do this full time. Its true that i also experienced a lot of lost in the first 2 years, haha, but learning is a never ending the process, and currently i can see the results and it keeps getting better, hopefully by next year, i can get all the money that i lost haha, thanks for ur video, it relates to me so so much.
@@Lester-dd7ro actually i make my first trade without knowing anything, and thats my biggest mistakes. Tips: make sure to understand what is trend of the market, study about the chart pattern, and learn how to understand indicators (macd, rsi, momentum and so on). Put just a little money if not fully understand and try to experience it first. Thats 1 thing, another important thing is the mindset, we cant get rich instantly by trading, but we can get rich steadily if we do it correctly. Hope it helps
X day trader I made 40,000 USD 3 days a week and lost 8k when I went to the bathroom and bought Qualcomm on a downswing before going LoL. But I have permanent brain damage from an accident or actually a homicide temp that happened in a week on the floor with no food or water. So I'm out of the game. I used to be rich so it sucks. I could still probably do it at a slower pace. But what I'm thinking about is the AI eventually it's going to get into this go that route when the time comes. Mostly why I date rated in large sums of money was because I was addicted to the emotional ups and it was the best drug I could ever buy.😊
I’m a stock market investor not trader. But I worry about taxes because I trim positions to take profits or reorganize my portfolio. I make new buys but I sometimes sell or reduce when they are unprofitable so I can invest in a better stock. Is it ok to take profits (from a tax standpoint)? Because it sounds like the IRS wants taxes on everything sold. And if I use the cash to invest in another position that makes profits… well they’re just taxing me multiple times on the same money when I sell. It’s just a big game. I love investing, but I hate the IRS.
How can you even compare the two. It's like saying why performing a heart surgery is more profitable than putting a plaster on your bruise. One takes one click, another takes years of dedication (and you can still blow up).
I just discovered your channel, really like the videos. Ikd if you have something related to price averanign or ladering ? BTW: What's your opinion on the Mexican's goverment CETES that is giving 11.30% anually for investing?
I tell them my daily goal & how the most important thing is to not chase the daily goal & be profitable w/ keeping losses 2 a minimum. I find once they realize I have a practical plan they get real curious & want more. I shut it off there & tell them if they r truly interested pick a day I'll give u the time & u can watch, then we'll go from there. They want to make money with out the work. As we traders know.. It doesn't work like that!
Your vids are great! I started daytrading 2 months ago after a very rocky swing trading experience a couple yrs ago. I'm up $550 so far (I take losses really hard though lol), but I want to learn more :)
Disagree on it taking 6m - 1yr to become proficient on day trading. It's one of the hardest professions one can attempt to do well in and the stated measures failure rates of those who try are always well over 90%. It could very well take many years to achieve proficiency, if ever, so folks need to be sober minded about this weighing the costs and risks. I know you referenced "minimum time", but that is like saying one can learn to be a brain surgeon in a "minimum" 2 years time- while that may be possible for a prodigy/genius, for the other 98% of the population, it's just not the case. I think too many people are led astray thinking they have a shot at doing well in day trading in just a few months to a couple of years when the time is likely at least an order of magnitude higher.
Not necessarily. It comes down to time spent. In the beginning the biggest thing holding me back was my full time job. Going back to contracts with work etc. if you devote everything to the craft 6 months to a year is doable
@@celuler22 The actual number stated is 10,000, not 1,000, and that number comes from the average amount our hours people who are masters in their fields have practiced/worked. It may take a master 10,000 to arrive at their desired level, but that's no guarantee anyone working 10,000 hours will be a master.
I'm confused about %100 taxes in day trading you were talking about! Isn't it %40 percent now? If it is %100 percent tax on the profit, then how you live?
My current work environment is toxic and I could relate how you feel. But I would not choose day trading because it is too much unknown and work. I am an Engineer and making decent salary. Thanks for your info.
I am confusing about taxes. You explained taxes is deducted from trader 100%. Where is the profit? Example If we profit $60k Taxes deducted $60k ???? Pls explain me if you see my post Thank a lot
You mention that someone with a 100k portfolio will have a difficult time making 20k a year? I'm not sure why you say that? I started with a smaller portfolio and I have been consistently making 1% of my portfolio everyday.
I bugged out when you said you were miserable at your job as a VFX artist bevause I AM a VFX Artist (lighting artist) who's recently started to day trade with some success! Hahah I wasn't expecting we'd be so alike! XD
As an investor both long term and short term, you really need to practice paper trading first and test certain strategies. Once you figired what works then start trading. However you need to understand risk management and and stay with your game plan. Ths all takes time, don't fall for the get rich scams!
Market time and availability is a big factor for some of us too I think. What markets would you be trading if you lived in Australia? The Au market isn't big by US standards, and the timeframe for trading being a market open of 11 or 12pm to trade the US Market is simply horrid to live with. Trading Asia becomes a challenge with managing fundamental analysis as I have to deal with the language barrier in some areas. European Market perhaps?
I also meant to ask - do you have a video that describes how you suggest manage money on trades... how to optimally compound a growing portfolio without over-exposure on risk?
I like the inof,, however I differ in this point, Take alot longer to learn than 2 hours a day for a year .. I think its literally all in for several yearsbefore you find your edge and become consistent
Pardon for my beginner's question, but what is the reason for day traders having multiple screens in front of you? Does each screen show a different stock that you're invested in?
Yes in general. You shouldn’t trade multiple stocks honestly. Too much going on. Most of the indexes and their respective stocks move in a cyclical direction. Though there are outliers. Choose one stock. The more volatile the better. Perfect that one stock
Very interesting video. 2 important issues: 1) Shay is the exception to the rule, I have never met a trader becoming consistently profitable in less than 3 years and the average is 7 years. 2) After one gets good in day trading it is difficult to have the patience for investing. Hard to trust your money to others, hard to wait and wait, it is like seeing paint dry
@Jeremy-sr4gv dream on. You have to develop the competence to make money out of thin air. I don't remember where I have read it but to become competent in any demanding activity you need 10000hrs of practice. Find how you can compress this in a year
@@skipper63400 I’ll also say this. Anyone that understands the market knows that TIME is king. If you understand what I’m saying then you’ll know I’m successful
what to learn? that's the problem..... as traders, we know there is no playbook to trading...anyone selling courses on technical analysis, price action technical, etc. etc. are out there to make money from the course fees.. dont fall for them.... since 1929, people are trying ways to make money from trading, and there are no known sure proof methodology because human is the market....
Traders, what are some of your friends and family's biggest misconceptions about your career? And what do you say to them?👇
those Rock jokes are lame.
#1. They all think that I should be rich. If I'm not making $1000 off of every trade, I must be some kind of loser.
2. I must be crazy for even doing this in the first place.
3. They don't understand I am actually working. They see me sitting in my chair all day and assume Im not doing anything.
So they don't think they need to respect my time.
They consider it gambling,no matter the hours and time put in to master reading charts,and taking calculated risks to make the most
Maybe You Hire Me So I Can Start A New Career So That I Can Show Them My Future With People Who Love Trading On The Market. Sincerely ❤❤❤
@@knt7401 make us two!
That pic next to corolla is just so cool! Yes, exactly this is why I prioritize day and swing trade over any other investments.
Thanks for all of the high quality videos! You are now my favorite day trading youtuber! I love your simple yet effective approach. I have adopted your simplified use of VWAP and volume indicators to cut out all the noise so that I can concentrate more on the price action, which is already paying off. 😊
Cheers happy to helpN
Definitely a game changer .
Very good video. Everybody has to remember that day trading is a business and you need to be 100% involved.
Definitely!
It actually something that money cannot buy ... .... u are the best..
Thank you for introducing me to the price action concept. I finally made good consistent profit this year. Up 75% YTD with 3 long trades and the rest short trades this year. I have been using the 9 and 20 ema, vwap, 50 100 200 sma, playing off fear and greed psychology. Looking forward to see where this leads me in a couple years.
Greetings, I am more of a swinger than a daybot. One summer (2002) I would move money back and forth between my 401k bond fund and my 401k stock fund. When the stocks declined I move money into them. When the stocks surged up I would move money out. That summer I moved money every 3-6 weeks. ... I doubled my 401k balance and the fund company started charging to rebalance! :). You make money when you move money
Can you explain how that is? And why?
Many thanks Shay for all sharing, very much appreciated !!!
Your jokes about your ex end everything else are always funny! Keep up the amazing uplifting content and thank you for sharing your knowledge and being incredibly humble!
Thank you for the support 🙏🙏
@@HumbledTraderOfficial yeah; nice to know what kind of guy you are attracted to.
At your first 2 years, you are one of the donators to Jim Simmons Team who took all your money and including mine. I need to join to his fund but not available to us.
I started watching your content. It so much valuable content to pick up all the way from start to finish. Ill keep eyeing more of your videos in the future.
love your videos Shay
good morning Shay, ❤gave you a like, as always👍👍
Thanks Shay, today I had 3 winners and a small loser. But unfortunately I have to return to work to fund my account further. Trading a 2k account brings on a lot emotional issues. I am working my way thru them with self recognition and discipline. Fear is still there to a lesser degree and what it is causing me to do is have a problem with my exits. leaving money on the table and giving back to much of my profit. These are all the mental things a day trader goes thru. There are 2 worlds a day trader lives in the " physical and emotional ". Since trading is 90% emotional you can see what needs the most work. I will day trade until I take my last breath. This is a lot of work but I really enjoy it and am making progress. Good book to read "The disciplined trader " by Mark Douglas he lays it out in a way it is easy to understand. Wayne from Boise, Idaho. Potatoes anyone?
Why don’t you open IBKR margin account? With 2K you can trade with more than 6K. But the catch is you have to be good so you don’t fall less than your 2K. I would say to be safe 3K is better
@@pn4640 Thanks for the tip.
@@dontbabilly9956 Read Trading in the Zone by Mark Douglas. I think it's better then the Disciplined Trader.
Don’t use a take profit because you never know how much is going in your favor, use trailing stop!
@@leonw6463 read them both. thanks
Well, the truth is that if you're really good at investing, you can make a lot of money too. But nothing is easy, everything requieres work and learning in life
Thanks for the informative video and balanced perspective!
Great video and I love your sense of humour.
Thanks so much!
Glad you are day trading now and look forward to learning from you.
Thanks for the sharing....
My pleasure
Hi humble trader, I love your videos and learning a lot, my work is 10hrs shifts and I cant wait to start my day trading journey but I still have lots to learn, I have a demo account on trading and lol I am failing but with your videos it's helping me to make my demo account go higher so I might start my trading journey soon, thanks again 😊
If you day trade futures in the States, profits are split 60/40, with 60% being counted as long term capital gains, and 40% as short term. So you get much better tax treatment trading futures over stocks.
Came here after listening to you on the CWT podcast. There's is good info here.
cheers thank you
Great information. Thank you. You have inspired me and my journey to become a FT trader.
I just discovered your channel and I been binging want to take my time and do it right keep up the good work and long live Corolla
Welcome aboard!
So both are meant for me! Thank you
👏👏👏👏👏
thank you for great content as usual 👍🌞
I think I would do well to take your course
Proud of you
thanks for the insight miss shay,, btw ur look cutie in your young day
Shay, many would like to day trade and are ready to but keep in mind in the USA you have to have a 25K balance to not be labeled a PDT on any platform and after 3 warnings you are canceled! We CANNOT use 5K and day trade! Not even 10K! We can only swing trade or Level 2 options. So please keep in mind and maybe do a series about this.
I use my 3 day trades every 5 trading days a trade opens back up so space them out Monday Wednesday Friday. Been able to make 500$ a week day trading like this to grow my account or you can just use cash account and make unlimited trades but takes some business days for your funds to settle after every trade.
That’s why you need to get about 40k to start. I know crazy right. You don’t even have the 25k but if you don’t take it seriously then it won’t be worth it.. DO NOT TAKE OUT A LOAN. I took one out but I had been trading on and off for over 6 months before I felt certain I could make money.
This is a lie u can trade with whatever amount u just have to use a cash account and not margin
Shay: "20K isn't enough to live on"... hold my cheap coffee. *cracks knuckles* -We're in for a midwestern coupon-athon boys.
I love your videos! You have such a great attitude.
Thank you so much!
thank you so much for this video !! one of my close relitives recently questioning the morality of my day trading . i think hes off his rocker lol gone off the deep end .. i tried to explain. i dont know whats going on with this family member got issues lol
Shay, as always, I really enjoy the education I get from your videos. It's also nice seeing your priorities, family. I'm a faithful "Like" button smasher, and promised that sometime soon I'll quit talking and start paying for that day trade education.
All the best,
Thank you so much!
Can you please recommend the software to use. Love your channrl I have smash the like button.
Nice one 👍
Hahahaha the fire in the intro! Nice one shay! 💯
Appreciate it!!
THE HARDEST FACT TO ACCEPT ABOUT
TRADING
You can do everything right:
Perfectly follow your rules.
Apply risk management.
Show up every day.
And still LOSE MONEY.
I'm watching this in my 4D 1999 Civic with 135K miles.
Yes Im watching Tesla too and want to learn this day trading.
im still doing this part time, but im preparing myself to be able to do this full time. Its true that i also experienced a lot of lost in the first 2 years, haha, but learning is a never ending the process, and currently i can see the results and it keeps getting better, hopefully by next year, i can get all the money that i lost haha, thanks for ur video, it relates to me so so much.
How long did you learn before making your first trade, do you have any tips for a beginner?
@@Lester-dd7ro actually i make my first trade without knowing anything, and thats my biggest mistakes. Tips: make sure to understand what is trend of the market, study about the chart pattern, and learn how to understand indicators (macd, rsi, momentum and so on). Put just a little money if not fully understand and try to experience it first. Thats 1 thing, another important thing is the mindset, we cant get rich instantly by trading, but we can get rich steadily if we do it correctly. Hope it helps
Thanks for sharing, in new here :😊
X day trader I made 40,000 USD 3 days a week and lost 8k when I went to the bathroom and bought Qualcomm on a downswing before going LoL. But I have permanent brain damage from an accident or actually a homicide temp that happened in a week on the floor with no food or water. So I'm out of the game. I used to be rich so it sucks. I could still probably do it at a slower pace. But what I'm thinking about is the AI eventually it's going to get into this go that route when the time comes. Mostly why I date rated in large sums of money was because I was addicted to the emotional ups and it was the best drug I could ever buy.😊
I also have a Corolla from 2003 😊
I’m a stock market investor not trader. But I worry about taxes because I trim positions to take profits or reorganize my portfolio. I make new buys but I sometimes sell or reduce when they are unprofitable so I can invest in a better stock. Is it ok to take profits (from a tax standpoint)? Because it sounds like the IRS wants taxes on everything sold. And if I use the cash to invest in another position that makes profits… well they’re just taxing me multiple times on the same money when I sell. It’s just a big game. I love investing, but I hate the IRS.
Shay, great content, i keep falling into the pattern day trader rule, how to get around this??
I like swing and you and I heat day trading
Where did your took your apprentiship on trading?
Thanks for your knowledge
How can you even compare the two. It's like saying why performing a heart surgery is more profitable than putting a plaster on your bruise. One takes one click, another takes years of dedication (and you can still blow up).
I just discovered your channel, really like the videos. Ikd if you have something related to price averanign or ladering ? BTW: What's your opinion on the Mexican's goverment CETES that is giving 11.30% anually for investing?
Thanks for sharing your insight on investments and trading-
Godspeed and God bless!
I tell them my daily goal & how the most important thing is to not chase the daily goal & be profitable w/ keeping losses 2 a minimum. I find once they realize I have a practical plan they get real curious & want more. I shut it off there & tell them if they r truly interested pick a day I'll give u the time & u can watch, then we'll go from there. They want to make money with out the work. As we traders know.. It doesn't work like that!
@Humbledtrader483 hey h/trader starting my day. Looks slow, not much interesting. Futures red, waiting 4 open. U
Depends.
mhmmm depends on everyones situation yeah
I’ve completed the 1st part of blowing up my account. Looking forward to the gains now 💪
I blew up a couple more times 🤣 hopefully you do better than I did!
this comment desires more attention hilarious
OMG , my family tells me the same 😮
If one is being taxed for 100 percent of their profits in day trading, then you are not making any profits.
I'm new hopefully I will understand the flow of trading after I can start...
Your vids are great! I started daytrading 2 months ago after a very rocky swing trading experience a couple yrs ago. I'm up $550 so far (I take losses really hard though lol), but I want to learn more :)
I agree with your perspective.
Cheers
Hi I follow your weekly watch list and was wondering if you could make a video on how you find the list of stocks weekly. This would help greatly!
Disagree on it taking 6m - 1yr to become proficient on day trading. It's one of the hardest professions one can attempt to do well in and the stated measures failure rates of those who try are always well over 90%. It could very well take many years to achieve proficiency, if ever, so folks need to be sober minded about this weighing the costs and risks.
I know you referenced "minimum time", but that is like saying one can learn to be a brain surgeon in a "minimum" 2 years time- while that may be possible for a prodigy/genius, for the other 98% of the population, it's just not the case.
I think too many people are led astray thinking they have a shot at doing well in day trading in just a few months to a couple of years when the time is likely at least an order of magnitude higher.
Not necessarily. It comes down to time spent. In the beginning the biggest thing holding me back was my full time job. Going back to contracts with work etc. if you devote everything to the craft 6 months to a year is doable
They say 1000 hours to master anything
@@celuler22 The actual number stated is 10,000, not 1,000, and that number comes from the average amount our hours people who are masters in their fields have practiced/worked. It may take a master 10,000 to arrive at their desired level, but that's no guarantee anyone working 10,000 hours will be a master.
@@soullfire ur correct I missed a zero
@@soullfire and just because u have the hours doesn't mean u was actually trying to improve on said craft
What broker do you use to day trade?
Centerpoint
I'm confused about %100 taxes in day trading you were talking about! Isn't it %40 percent now? If it is %100 percent tax on the profit, then how you live?
I’m confused about this too, unless it was meant as a joke
I like how she shares much information than others, but even her sayings can be very vague sometimes leaving you with a gambling thought.
lol gambling thought came from yourself. take some responsibility
My dream. Working from home. Going to invest some time in this. As long as I make 2k every month, its enough for me,
What trading software are you using?
@WhAttsapme787 whats that? 😄
Thank you for sharing MY LOVE ❤… I am about getting into DAY TRADING…. Need your HELP PLEASE
I'm a Trader, through & through
My current work environment is toxic and I could relate how you feel. But I would not choose day trading because it is too much unknown and work.
I am an Engineer and making decent salary.
Thanks for your info.
Come to Singapore, capital gains from stocks and even dividends are not taxed.
Shay, just curious as to how you structured your trading business for taxes? I will one day need to figure it out for myself. 😆
what platforms do you use in canada?
Whats min budget to day trade?
1%
I would say 2k for options
you can buy funding challenges for like 200$
imo 3K ish
I am confusing about taxes.
You explained taxes is deducted from trader 100%. Where is the profit?
Example
If we profit $60k
Taxes deducted $60k ????
Pls explain me if you see my post
Thank a lot
You mention that someone with a 100k portfolio will have a difficult time making 20k a year? I'm not sure why you say that? I started with a smaller portfolio and I have been consistently making 1% of my portfolio everyday.
I bugged out when you said you were miserable at your job as a VFX artist bevause I AM a VFX Artist (lighting artist) who's recently started to day trade with some success! Hahah I wasn't expecting we'd be so alike! XD
very good video. what software are you using on your top monitor for charting? is it just another window in TWS?
i use thinkorswim for charting
so what r going to the tax?, May I ask you which one did u choose?
investing is more tax efficient like i said in the video. but i do both
I also pray for something more valuable: the opportunity to have a chat with you, my favorite trader :)
We're almost there :)
Hi HumbledTrader, if you have already done so, apologies, but would you mind making a vid regarding day trading v Swing Tradind?
i research and pick stocks
What platform , Broker Do you Use in canada?
das trader and ibkr.
Love your jokes 😊
Really great content as always. Is it possible to help one of your subscribers to start day trading. It will be a great showcase
watch the videos. they will help. you'll have to learn and trade yourselves
As an investor both long term and short term, you really need to practice paper trading first and test certain strategies. Once you figired what works then start trading. However you need to understand risk management and and stay with your game plan. Ths all takes time, don't fall for the get rich scams!
Exactly!!
best video
@WhAttsapme787 noted
So can you be taxed both as an investor and a day trader in Canada on the same tax year?
很棒 先赞后看
Market time and availability is a big factor for some of us too I think.
What markets would you be trading if you lived in Australia? The Au market isn't big by US standards, and the timeframe for trading being a market open of 11 or 12pm to trade the US Market is simply horrid to live with. Trading Asia becomes a challenge with managing fundamental analysis as I have to deal with the language barrier in some areas. European Market perhaps?
I also meant to ask - do you have a video that describes how you suggest manage money on trades... how to optimally compound a growing portfolio without over-exposure on risk?
I like the inof,, however I differ in this point, Take alot longer to learn than 2 hours a day for a year .. I think its literally all in for several yearsbefore you find your edge and become consistent
Get in touch…..✍️
❤
Day trader make nuts compared to trend investing. However, day trader make a lot of pressures compared with d rests.
Would you say it's easier to just invest long term instead of short term at this time since the stock market is down so much?
easier? well of course its much easier.
yes def invest for the long term. no such thing as short term investing lol
Pardon for my beginner's question, but what is the reason for day traders having multiple screens in front of you? Does each screen show a different stock that you're invested in?
Yes in general. You shouldn’t trade multiple stocks honestly. Too much going on. Most of the indexes and their respective stocks move in a cyclical direction. Though there are outliers. Choose one stock. The more volatile the better. Perfect that one stock
I think you need to move to the UK with those tax rules. That's crazy.
I also love driving my 2005 Corolla.
🙌
Very interesting video. 2 important issues:
1) Shay is the exception to the rule, I have never met a trader becoming consistently profitable in less than 3 years and the average is 7 years.
2) After one gets good in day trading it is difficult to have the patience for investing. Hard to trust your money to others, hard to wait and wait, it is like seeing paint dry
Damn 7 years? I think 6 months to a year is definitely doable
@Jeremy-sr4gv dream on. You have to develop the competence to make money out of thin air. I don't remember where I have read it but to become competent in any demanding activity you need 10000hrs of practice. Find how you can compress this in a year
@@skipper63400 well I did it. I stopped being a travel nurse and dedicated all my working hours to trading. I’ve only traded 10 months
@@skipper63400 I’ll also say this. Anyone that understands the market knows that TIME is king. If you understand what I’m saying then you’ll know I’m successful
This sounds familiar with egg and hen story ,
what to learn? that's the problem..... as traders, we know there is no playbook to trading...anyone selling courses on technical analysis, price action technical, etc. etc. are out there to make money from the course fees.. dont fall for them.... since 1929, people are trying ways to make money from trading, and there are no known sure proof methodology because human is the market....
Worst combo is people dabbling in day trading because they think they are smart.