How to Make $500 a Day Trading ONE Stock | Live Scalping 004

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  • Опубліковано 1 лют 2020
  • 🎓 Trade with me: www.firesidetrading.com/
    ---
    LiveScalping documents my journey trading with a full time job to trading as a full time job. You'll get to see all of my live setups with commentary on my thoughts of the price action trends. The huge volatility on this gap down Friday presents us with over 12+ setups today!
    ---
    DISCLAIMER: These videos are for educational and entertainment purposes only. There are inherent risks associated with investing in securities and other financial instruments. Please carefully consider whether trading is suitable for you given your current circumstances, knowledge, and financial situation.
    #DayTrading #FiresideTrading #MichaelChin

КОМЕНТАРІ • 4,1 тис.

  • @David_prod-eNGee
    @David_prod-eNGee 3 роки тому +121

    Holy cow, the bots are popping off on this comment section.

    • @TitanRD
      @TitanRD 3 роки тому +5

      Agree, this is bullshit, im tierd of this guys

  • @whatapp-tm6gd
    @whatapp-tm6gd 2 роки тому +209

    It's nice to see the experienced persons in passive income share their experience and knowledge.

    • @frankedusolutions8535
      @frankedusolutions8535 2 роки тому

      Yeah exactly. It is really nice. I earn 250% income on my trading thanks to getting the right information.

    • @johnsonbenjamin9639
      @johnsonbenjamin9639 2 роки тому

      Please I have been trading for a while and I don't seem to be able to cut it.

    • @whatapp-tm6gd
      @whatapp-tm6gd 2 роки тому

      I am still surprised that there are people who haven't availed themselves to the various opportunities on the UA-cam or social media.

    • @frankedusolutions8535
      @frankedusolutions8535 2 роки тому

      Exactly but I am not surprised because I too just started profiting from it. ..

    • @johnsonbenjamin9639
      @johnsonbenjamin9639 2 роки тому

      Please how can start getting money from my trades.

  • @jenniemcneil7821
    @jenniemcneil7821 3 роки тому +49

    An investment in knowledge pays the best interest."

  • @michaeltate3236
    @michaeltate3236 3 роки тому +170

    Trading doesn't just reveal your character, it also builds it if you stay in the game long enough.” “Money is just something you need in case you do not die tomorrow. Let this is a reminder for you not to obsess over profits and losses.

    • @masonwilliams5322
      @masonwilliams5322 3 роки тому +4

      There are a million ways to make money in the markets. The irony is that they are all very difficult to find.

    • @leaandersonlea4175
      @leaandersonlea4175 3 роки тому

      Yes, through online investment

    • @mfuphigugulethu9318
      @mfuphigugulethu9318 3 роки тому

      I get paid directly to my bank account

    • @jasparolucky1312
      @jasparolucky1312 3 роки тому

      What do you mean?

    • @mfuphigugulethu9318
      @mfuphigugulethu9318 3 роки тому

      Unlike, other past traders I worked with, he asks you what media you would like to receive your profit

  • @codingmutant9066
    @codingmutant9066 Рік тому +10

    bro i like you, you dont talk much you are straight to the money and that is what all of us need thankyou

  • @danieljamal3709
    @danieljamal3709 2 роки тому +168

    Most of us tend to pay more attention to the best positions in the market to the cost proper diversification. Picking the best stocks requires a lot factors and seems daunting for beginners like myself.. From my own point of view, you need to invest smartly.

    • @wangyong9469
      @wangyong9469 2 роки тому

      It's a sick game but you learn to play or stay poor for life.

    • @veramonique1724
      @veramonique1724 2 роки тому +1

      It's sad that companies only provide 495k in stock markets that crash every 5-10-15 years.. This just steals so much of hard working peoples life savings and it's disgusting. I hate it but you either understand the machine or you are just numb to it when it happens..

    • @georgecooper8750
      @georgecooper8750 2 роки тому

      Most people remain poor & broke only because friends and family relatives discourage & advice them against investing while the wise ones keep investing and grow higher in wealth

    • @henrygarcia1792
      @henrygarcia1792 2 роки тому

      I've been in the shadows for long now i want to know how to invest...

    • @danieljamal3709
      @danieljamal3709 2 роки тому

      it will best for you to use an Expert .

  • @crashboomsplash4491
    @crashboomsplash4491 4 роки тому +1

    Dude, with this video, you became my new favorite!!! Im following!

  • @randyrodriguez2481
    @randyrodriguez2481 5 місяців тому +1

    Brilliant! Love the clarity and simple flow. Thank you for sharing.

  • @seanbaker2577
    @seanbaker2577 4 роки тому +20

    Scalping is the number one method to consistent profit yet the one method few choose to use.

    • @JoeOf91
      @JoeOf91 4 роки тому +2

      well it's hard to scalp if you work regular hours can't be staring at charts

  • @nome99762
    @nome99762 4 роки тому +10

    Great examples--using market replay!

  • @jameschristopher3496
    @jameschristopher3496 3 роки тому +22

    Investment are stepping stones for success. Waiting for the government to provide is a big waste

    • @ferdinandprifti9019
      @ferdinandprifti9019 3 роки тому +1

      Well said investing is good but investing in the right thing is the actual key to success.

    • @myftiuflavio9339
      @myftiuflavio9339 3 роки тому

      The right choice of investment has always been a big problem for me because I know that picking up the wrong investment will leave a big scar in the future...

    • @gersikola538
      @gersikola538 3 роки тому

      Investing in Bitcoin is another way of ensuring steady cash flow, I've been earning every week for a year now.

    • @genciduro6392
      @genciduro6392 3 роки тому

      Is about ten months now I started investing with Christine Morgan and it's been a good experience all through....

    • @larissaeckardt1391
      @larissaeckardt1391 3 роки тому

      It feels good to know that we still have trustworthy people like ma'am Christine Morgan, I'm very delighted I was transformed through her platform God bless her abundantly

  • @BuffaloDogTraining
    @BuffaloDogTraining 4 роки тому +10

    Hi Michael, Thank you so much for these videos, I have learned a ton from watching you trade. I have been swing trading for a while, but new to day trading. You have a great presentation style.

    • @thiensu1958
      @thiensu1958 4 роки тому

      what software are you using? and which broker?

  • @ecom6045
    @ecom6045 4 роки тому +6

    That was so fun to watch!

  • @stevenstade4149
    @stevenstade4149 3 роки тому +223

    This is a very good video, but it's not simple to learn a beginner with 1 or a couple of trading videos to make money like you.
    There is much more time and wasted money needed for them to be on your level. Beginners shouldn't indulge in something like this!

    • @matteodunham4048
      @matteodunham4048 3 роки тому +1

      Yes, it's true! Unfortunately, there is no safe way to make money by trading.

    • @stevenstade4149
      @stevenstade4149 3 роки тому

      @@matteodunham4048
      There is a safe way, some traders are looking to be sponsored and trade with people's money.
      They can take % of your winning, but also they offer to gives you back 20% more of the amount you invest.
      I talk about certified brokers and traders.

    • @christopherjoseph9399
      @christopherjoseph9399 3 роки тому

      @@stevenstade4149 Do you know for some traders in which you can invest? And if I understand you, they gives you back 20% of money you invest no matter if they lost or win?

    • @stevenstade4149
      @stevenstade4149 3 роки тому

      @@christopherjoseph9399 Yes, I know one guy named Daniel. Yes, you understand me well.

    • @christopherjoseph9399
      @christopherjoseph9399 3 роки тому

      @@stevenstade4149 Where we can contact him?

  • @stevenpaul4394
    @stevenpaul4394 2 роки тому +30

    My trading journey was a matriculation of highs and lows, literally just like the market. you up, you down. Now I'm constantly up.

    • @faithcarol9166
      @faithcarol9166 2 роки тому

      Hello, I'm new to Bitcoin trade and I've been making huge losses but recently i see a lot of people earning from it Please can someone tell me what to do?

    • @mariewoods4193
      @mariewoods4193 2 роки тому

      The new digital gold has created a new trillion-dollar's opportunity around the world! Where do you think your country is headed for

    • @adamnathan6744
      @adamnathan6744 2 роки тому

      All you need is a professional trader to avoid making losses

    • @terryarthur5148
      @terryarthur5148 2 роки тому

      That is true, you need an expert broker and account manager to make good profit from Bitcoin trade.

    • @johnmark8996
      @johnmark8996 2 роки тому

      Trading on your own is very risky, many people have lost a lot trading for themselves

  • @kickflip407
    @kickflip407 Рік тому +13

    Really wish Michael would come back and teach us more!

    • @codingmutant9066
      @codingmutant9066 Рік тому

      hey sir.. where is he? he hasn't posted for 2 years man.. hope is ok.

    • @kickflip407
      @kickflip407 Рік тому +1

      @@codingmutant9066 probably making so much money he realized UA-cam was a waste of time

    • @codingmutant9066
      @codingmutant9066 Рік тому

      @@kickflip407 i can agree with that.. what a waste for us. i have learned 60% i know on trading from him.

    • @JMPaesthetics
      @JMPaesthetics Рік тому

      @@codingmutant9066 has he really helped??? What advices or videos has he put up?

  • @specsbattle1340
    @specsbattle1340 3 роки тому +3

    I will watch this 10 times, thanks bro.

  • @sp11k3y
    @sp11k3y 4 роки тому +3

    You are insane!!! Will be following you bro. Tnx for content

  • @floki6481
    @floki6481 3 роки тому +1

    I like how he is concise. If I don't understand his explanation I simply pause, research, and return to Michaels video with a greater knowledge base for his strategy's. Him being concise can speed up the learning curve because it takes less time to review his videos. But you have to pause and learn the details when your lost.

  • @samf5321
    @samf5321 4 роки тому +2

    This is very interesting, and new for me. You made this entertaining as well.

  • @hankflapper
    @hankflapper 3 роки тому +10

    Very inspirational. Keep those scalping videos coming!

  • @NCAAhockeyplayer
    @NCAAhockeyplayer 4 роки тому +7

    This kid is a fukcin beauty. Never seen anyone just snipe peoples stops like this so consistently

  • @ElsaAndAnnie
    @ElsaAndAnnie 3 роки тому

    Wow!!! That’s the best scalping I have ever seen!!! Great video!

  • @recadolax872
    @recadolax872 3 роки тому +65

    Honestly, this is where my question lies I have lost $500 in trading. How can I be oriented or educated about forex trade.

    • @ayinde6746
      @ayinde6746 3 роки тому +1

      Trading alone is quite risky and less profitable for you due to confusion in the price fluctuations

    • @moderndifference7654
      @moderndifference7654 3 роки тому

      How does this bitcoin stuff work,like steps and processes to be taken?

    • @beckhamalexis7093
      @beckhamalexis7093 3 роки тому +1

      @Muller Grayson yes you’re absolutely correct

    • @williammoore3111
      @williammoore3111 3 роки тому

      Do you trade Bitcoin

    • @recadolax872
      @recadolax872 3 роки тому

      Interesting how do I go about that?

  • @PictureitPerfect
    @PictureitPerfect 4 роки тому +14

    This was one of the best trading videos ever. Super addictive! You're quick, you're open, you have an awesome strategy and you're able to execute it over and over with precision...Will you teach me? Lol.

    • @dean3583
      @dean3583 4 роки тому +5

      You are asking him how to grow money on tree. LOL! It's binary trading, you only trade with money you can afford to lose. The system is designed to take your money each transaction a fee. 8 trades a day, that's $160 in fees. Sometimes he has a lucky day like this but most of the time is not that lucky. He has a full time job for a reason. Secondly, the people who sell binary trading platform are crooked middle men dealers, they will make sure you can't cash your profit, the more you play the more you lose. They will trick you with no conditioned loan then wipe out your credit card. There is no easy money. You want to make money in stock market, learn it the Warrant Buffet style. It's fun to watch tho.

    • @smallhabibidecisions9649
      @smallhabibidecisions9649 4 роки тому +2

      when his tactic doesnt work he just skips the video forward and records it again at an apparent bounce point... yall brainless

  • @NinjaDawnn
    @NinjaDawnn 4 роки тому +27

    Your market intuition is just on point! Learning lots watching you keep it up

    • @MichaelChin
      @MichaelChin  4 роки тому +4

      Thanks! Happy that I can help you Richard

    • @bambamgolf
      @bambamgolf 4 роки тому +1

      @@MichaelChin yes, how exactly do you spot does reversal moments?

    • @ralphgrunz7377
      @ralphgrunz7377 4 роки тому +2

      @@bambamgolf I think trying to trade reversals will blow up your trading account. THE ESSENCE of this concept is to pick an entry point in the direction of the previous few bars.... Basically just looking for a pullback and then jumping in on the continuation of that move.

    • @bambamgolf
      @bambamgolf 4 роки тому

      Ralph Grunz ok thx. Do mean 2LPB will blow my account or just trading reversals will blow it?

    • @ralphgrunz7377
      @ralphgrunz7377 4 роки тому +11

      @@bambamgolf It is very difficult to pick a top or a bottom, and that is what a reversal trade is. The rewards are high if you "guess" right... because that is what you are actually doing. The 2LPB is the smartest way to trade that I have ever seen. It can literally be reduced to a written set of entry rules... don't break your own rules and you will win.... don't chase trades, don't trade against the trend, don't get greedy, take what the market gives you and wait for the next bus to come along.

  • @jamonbailey
    @jamonbailey 4 роки тому

    I love this channel so much. Honest man 💯

    • @timhafner255
      @timhafner255 3 роки тому

      He's actually not honest, and doesn't really know what he's talking about. Took a trading course from someone else and is now selling it as his own for 4x the price. He is a fraud.

  • @christopherwallace170
    @christopherwallace170 Рік тому +80

    • @christopherwallace170
      @christopherwallace170 Рік тому

      You can reach

    • @davidgregory7742
      @davidgregory7742 Рік тому

      My colleague is increasing his portfolio with Michael Charles strategy so i believe and trust it, i can't wait to get my paycheck and buy bitcoin and then start.

    • @davidgregory7742
      @davidgregory7742 Рік тому

      Yes investing in Forex and Crypto is profiting. Forex is the gold...

    • @antoninkoch6015
      @antoninkoch6015 Рік тому

      Another good one, Michael strategy is so helpful. I didn't expect to get this much direction in the market.

    • @sherwincardente1541
      @sherwincardente1541 Рік тому

      @@davidgregory7742 who is Michael Charles?

  • @thecoflsportsnetwork2743
    @thecoflsportsnetwork2743 4 роки тому +3

    Great video, a few questions:
    1. Do you get slippage on your stop orders? If so, how much and how often?
    2. Do you track all of your trades and do you have an exact win % documented? Over how many trades and what time period?
    3. If the win % is this high, why not scale up?
    4. Have you tried to mathematize your setups so that they could potentially be backtested and auto-traded?

  • @lindamccall5291
    @lindamccall5291 4 роки тому +60

    Wow! What a day in trading. I would love to get to this point where I can make $500 - $1000 per day. Thanks for the video.

    • @MichaelChin
      @MichaelChin  4 роки тому +28

      Thanks Linda! It's going to take some practice, but it's not out of this world to be making $500 - $1,000 a day

    • @rajendrarao3057
      @rajendrarao3057 4 роки тому +14

      Linda McCall -all he was doing is scalping the market... you just need some practice and understanding about market and who is in control of the market during the time given.. are bulls in control or bears are in control right, than u take the trade....

    • @lindamccall5291
      @lindamccall5291 4 роки тому +4

      @@rajendrarao3057 Thanks Rajendra rao.

    • @qaissaif7905
      @qaissaif7905 4 роки тому +3

      @@rajendrarao3057 what are bulls and bears?

    • @liamhorvath7053
      @liamhorvath7053 4 роки тому +5

      @@qaissaif7905 bullish - rising prices bearish - falling prices

  • @surfblades
    @surfblades 3 роки тому +2

    You have a new subscriber, very clear explanations. Thanks Michael.

  • @ahorse729
    @ahorse729 3 роки тому +2

    I like your trading style. You take calculated risks in a very short term. You also have a day job to finance your trading mistakes.
    Those double bottoms start looking like apple bottoms after a while.

  • @deshsharma2277
    @deshsharma2277 3 роки тому +14

    *_why you have a full time job when you can make 30K a month with 5-6 play 2 hrs a day?? hard to believe, you made this money so easily and have a full time job._*

  • @markblandkelly
    @markblandkelly 4 роки тому +171

    "$150 in one second"... I dont think iv ever heard a better quote

    • @barthoIomewcoIt5539
      @barthoIomewcoIt5539 4 роки тому +1

      TRY $1.50 IN 1 SECOND!!!

    • @kakarottoriyama
      @kakarottoriyama 4 роки тому +13

      one contract of e-min s&p 500 is $13,200 each and a tick is 12.50 3:17 you can see he buys 4 contracts thats an initial margin of $52,800 to make 1700 so dont get it twisted thinking he got a $2000 account

    • @Enielm
      @Enielm 4 роки тому +3

      @@kakarottoriyama Hey, trying to learn futures trading. i did think the 150 in a few seconds is too good to be true, like there's a catch and in this case you said $52 800 initial is needed. So how much would i need to make say $100 a day

    • @gabemacabu9495
      @gabemacabu9495 4 роки тому +3

      @@Enielm this is where research comes in handy. gokutail has no clue what he's talking about. NinjaTrader requires $500 per contract. That means with 3 scalpers + 1 runner he's keeping $2,000 in his account at all times.

    • @kakarottoriyama
      @kakarottoriyama 3 роки тому +4

      @WorstBest5 (gade) is talking about is called (intraday margin) but i would not use this unless you got the full initial margin because if thing go south you would end up owing a lot of money to the broker my point is don't trade a 13k contract on a 2k account unless you really know what your doing, now if you already have 13k then yes its a good idea because you got the money to back up the amount of leverage your taking on. P.S you can make $100 a day easy with 2k or 3k account trading micro gold which is $902 per contract right now. i recommend opening up a practice account first

  • @alohaparsons3328
    @alohaparsons3328 4 роки тому

    What a guy, I need to review this one more time. I wasn't sure if was at East Coast time or another time zone.

  • @_noname_4756
    @_noname_4756 Рік тому

    Happy for you my man getting my capital up atm, traded Options now switching over to Futures with a small acc trading the micro E-minis! Thank you for this video!

  • @bigmack10
    @bigmack10 3 роки тому +126

    You must really like your full time job to be doing that when you have great success doing this.

    • @mattdathew2794
      @mattdathew2794 3 роки тому +34

      he's a con. no body would do a full time job when they can get hundreds in minutes

    • @mattamagiera
      @mattamagiera 3 роки тому +10

      Health insurance is key

    • @bladieblaat23
      @bladieblaat23 3 роки тому +11

      @@mattdathew2794 My job is challenging, interesting and it makes me feel good because I am very good at it. It pays quite good also. Spending an entire day looking at graphs because you can live of it shrinks your brain. It's the dumbest thing to do. People that actually make big bucks don't waste their time on uploading crap vids on youtube...

    • @mattdathew2794
      @mattdathew2794 3 роки тому +14

      @@bladieblaat23 ​ By the way you can also make big money trading. But I wouldn't call this a trash vid considering that I feel I got so much from it. It also looks like the maker enjoys making it from the way he presents & talks

    • @MostIntelligentMan
      @MostIntelligentMan 3 роки тому +9

      @@mattdathew2794 lol i could retire, but for what to do nothing? not everyone hates their job

  • @derekcashin1066
    @derekcashin1066 4 роки тому +6

    Omg you are the one I’m looking for, break your decisions into details. You are literally giving knowledge for free. This kind of videos are going to help me.

  • @utuber13x
    @utuber13x 4 роки тому +1

    wow I thought I was just going to hear another pitch, but you are the real thing. subscription earned. super job. I used to do this like a chicken in the forex since it move so much. stocks always scared me because it seems like it takes forever to move but the index you are trading seems to give me the type of movement I liked in the forex. the forex is to expensive to trade with margin, so I will now follow you and grow some guts like you. well done.

  • @prkrng
    @prkrng 3 роки тому +2

    If you never trade future.. dont even touch emini, you should try with micro.. otherwise you will be surprised how fast your money is evaporating..

  • @RileyColeman
    @RileyColeman 4 роки тому +13

    What a day! So awesome how many setups there were.

    • @MichaelChin
      @MichaelChin  4 роки тому +8

      Volatility can be your best friend sometimes!

    • @calabaza1702
      @calabaza1702 4 роки тому

      @@MichaelChin sure can if you can think fast, just have to follow charts everyday, what time frame are you using here?

    • @matheusvieiramachado1200
      @matheusvieiramachado1200 4 роки тому

      @@MichaelChin And your worst enemy!

  • @Longtermtrading
    @Longtermtrading 4 роки тому +7

    Double top pattern at 2:18 could’ve taken it as a bearish market for long term short

  • @paulspicks2020
    @paulspicks2020 3 роки тому

    YOUR GREAT MAN- AWESOME JOB!

  • @pdvs5112
    @pdvs5112 3 роки тому +3

    Again, great lesson and tips, but what are you focusing on that indicates to take the trade(s) in their respective directions? Is it the wick(s) or body of the bar?

  • @MrDoronMor
    @MrDoronMor 4 роки тому +8

    Love your videos! What software do you use to have your orders showing up on the graph like that?

    • @Mojo702
      @Mojo702 3 роки тому +1

      Ninjatrader

    • @harrygordon7865
      @harrygordon7865 3 роки тому

      What is the recommended acct size? Why did you choose Ninjatrader

  • @_rami_745
    @_rami_745 4 роки тому +146

    To anyone who works a full-time job and also wants to trade: Use momentum trading to your advantage. Maximize the hour or two you have before work. Scalping can make you decent money, but Momentum Intraday trades are more efficient as you can make more money in a much shorter amount of time. This is a personal input from someone who has been day trading full-time for 8 years and has basically tried every style of day trading out there, including scalping. Scalping is less stressful but it also takes longer to make the same profit, so it's all up to the person.

    • @feiyi3442
      @feiyi3442 4 роки тому +1

      The Iron Sheik thanks for your idea

    • @bestforexmethod3crsquad
      @bestforexmethod3crsquad 4 роки тому +1

      You can make £1000s in seconds scalping the markets. Check out Aussies thread on Forex factory. Digger1 on that thread made 110,000 us dollars in one trade on march third 2020. He shows live account details.

    • @_rami_745
      @_rami_745 4 роки тому +5

      @@bestforexmethod3crsquad I never said you couldn't make big bucks scalping, but Momentum Trading just gives opportunity for big wins alot more often than scalping does. Each person has their preference, but if you wanna get big wins more often, Momentum Trading will just give more windows.

    • @bestforexmethod3crsquad
      @bestforexmethod3crsquad 4 роки тому +5

      @@_rami_745 Thanks for your reply . Did you take a look at Digger1's posts on Forex Factory, he shorted gold March 16th 2020 with a 1000 lots and made 668,000 US dollars in a few minutes. Just one of 50 or so trades he takes every day and he does it as a part time job. He is a full time farmer.

    • @zarfanhussain
      @zarfanhussain 4 роки тому

      @@_rami_745 Do u mean to use fundamental analysis?

  • @MrCountrycuz
    @MrCountrycuz 4 роки тому +1

    I have been admiring your chin. You must be quite proud of it.

  • @nikolaizinoviev7348
    @nikolaizinoviev7348 4 роки тому

    Great job man!

  • @mohamedm9280
    @mohamedm9280 3 роки тому +52

    I can tell for a fact Most people will will still loose money due to improper knowledge on how the liquidity providers manipulate the Market charts

    • @teresaedward2238
      @teresaedward2238 3 роки тому +9

      Good one here, I find it more profitable trading with the help of an expert. experience of the market has won me more profits than I expected. A good risk management is needed before making trades

    • @benjaminkeanu2635
      @benjaminkeanu2635 3 роки тому +27

      To everyone out there, I would advice y'all make sure you have a trading strategy before going into trading. Trading is so complicated, It either makes you richer or it ruins you

    • @josepchristoph5024
      @josepchristoph5024 3 роки тому

      I’m interested in trading, i need a really good suggestion on expert or professional who can help me benefit in this types of market

    • @benjaminkeanu2635
      @benjaminkeanu2635 3 роки тому +5

      @@josepchristoph5024 trading can be a rocky highway to enormous losses and
      potential penury, especially for new traders. I will recommend you contact Kieran James to help you advance

    • @josepchristoph5024
      @josepchristoph5024 3 роки тому

      @@benjaminkeanu2635 How can I contact him please?

  • @bryanstone3626
    @bryanstone3626 4 роки тому +16

    Great video on telling the trappers side.. I needed that as I find myself trapped in a trade. Great content

    • @Farlid57868
      @Farlid57868 4 роки тому +2

      BRYAN STONE you are not alone 😂

  • @veronica_mireles
    @veronica_mireles 4 роки тому

    Very informative! Thank you

  • @aaronnicholson8154
    @aaronnicholson8154 4 роки тому

    Wow. Thanks so much for sharing this.

  • @stevenpaul4394
    @stevenpaul4394 2 роки тому +24

    Someone told me that it's the best time to buy Bitcoin, because there will be a huge pump soon

    • @danielmattew2611
      @danielmattew2611 2 роки тому

      How do you do it please?

    • @deborahsharon2083
      @deborahsharon2083 2 роки тому

      Because I've tried severally but seems not working

    • @terryarthur5148
      @terryarthur5148 2 роки тому

      It's very possible because I make $8300 with my little $1300 weekly,

    • @raymondjerry8918
      @raymondjerry8918 2 роки тому

      I've been in crypto for about 4 years now and I can tell you that till date I'm still trading under the supervision of my expert Mrs Stacy Griffin kartner

    • @andrewedward1127
      @andrewedward1127 2 роки тому

      This is exactly what most people don't know about crypto and others stocks, you must seek advice or direction or even account management of an expert because they dines with trading analysis like Mrs Stacy Griffin kartner does

  • @navydayv
    @navydayv 4 роки тому +28

    This video made me realize I don't know anything. When you mention bring "trapped" I'm so confused! Need to learn a lot more.

    • @lightspark5902
      @lightspark5902 3 роки тому +2

      Same man I want study and learn more so I can trade when I’m 18

    • @vinnymac6741
      @vinnymac6741 3 роки тому +3

      It means they can't unless they take the loss.

    • @ayaan5015
      @ayaan5015 3 роки тому +7

      when price goes the opposite direction of what you've thought.. then you're *trapped* . a wise trader will exit out their position as soon as possible to minimize losses. and that's when a *legend* trader comes in and make profit off that

  • @adamlisbeth1
    @adamlisbeth1 4 роки тому +1

    Hey Mike thanks so much, love your vids. Can you tell me where you learned so much about price action? Did you just dive in and learn, read a book/online source? Have a mentor? Thanks!

  • @johnM-Jr
    @johnM-Jr Рік тому

    Very helpful to see your live trading. Thanks

  • @tomcha75
    @tomcha75 3 роки тому +9

    Watching this again and again and again. It's almost a lesson in psychology.

  • @kimdotnet2110
    @kimdotnet2110 4 роки тому +7

    good stuff. price action, combined with fibonacci levels can make entries/exits simple and quite precise. i love it when bots are trading.

  • @ryanb963
    @ryanb963 3 роки тому

    Thank you, That was great!

  • @gaithalbadarin6774
    @gaithalbadarin6774 3 роки тому

    Thank you! Much appreciated

  • @yongxing1848
    @yongxing1848 4 роки тому +3

    I like your style of only 1 stock and making profit of $500. That is more consistent.

  • @GicaEric
    @GicaEric 4 роки тому +3

    Hi, thank you for sharing first of all. Trades look very great, however I just don't understand one thing, how come you don't have any spread? With my broker anytime I open a position I automatically start at negative? How is this possible to start at 0.00?

  • @richardravisequeira6200
    @richardravisequeira6200 2 роки тому +1

    Nice content. Well explained. Waiting for more content.

  • @gendo1
    @gendo1 4 роки тому

    Wow super cool video! thanks brother! What freaking program updates you in realtime as to these trades? I've never seen any program like this!

  • @markbenjamin7078
    @markbenjamin7078 2 роки тому +26

    What an amazing video,this is exactly what I need as a motivation to trade Btc/Fx

    • @lisagottlieb1327
      @lisagottlieb1327 2 роки тому

      Determination is highly needed in tradin because only a brave heart is determined to take the risk involved in making great profits.

    • @summercarter7805
      @summercarter7805 2 роки тому

      Shorting the right stock at the right time is a good way to make money

    • @cerysferguson8782
      @cerysferguson8782 2 роки тому

      People are ignorant of the profitablity in Bitcoin investment and that's been there major issue limiting there investment

    • @edwardsanabria2593
      @edwardsanabria2593 2 роки тому

      I wanted tradin but I got confused by the fluctuation on price, everything going up and down. Lol

    • @cyprianfelix8942
      @cyprianfelix8942 2 роки тому +3

      @@edwardsanabria2593
      That won't bother you if you trade with a prof company, Been tradin about 4yrs now still on the top of the profit list even with the fluctuation of Btc/Fx

  • @jerrynix5206
    @jerrynix5206 4 роки тому +4

    Holy crap 1700$$$ that's awesome man! I hope I get good at this someday.

    • @MichaelChin
      @MichaelChin  4 роки тому +2

      If you stick to the strategy, it'll come in time and practice Jerry!

    • @jaysonbrassard3617
      @jaysonbrassard3617 4 роки тому

      :;+1(360)-549-4304;,

  • @thirdreplicator
    @thirdreplicator 3 роки тому

    That was awesome!

  • @joemiknor
    @joemiknor 3 роки тому +1

    what program are you using for buying and selling? seeing the graphs live seems very handy, as well as you can alter the zoom etc

  • @emilyhowe3359
    @emilyhowe3359 3 роки тому +16

    Picking the best stocks requires a lot factors and seems daunting we ought to know. How does the stock market work? It's not hard don't over complicate it.. Having a good entry and exit strategy, alongside a Professional advisor with a good trading system would put you through many day's of success

    • @jakehart9346
      @jakehart9346 3 роки тому +4

      a lot of traders lose because they do not know the correct market indices/signals to collate, analyse and interpret before trading, many merely watch these videos, use the strategy they saw that day and pray it works for them without understanding why consistency matters..

    • @emilyhowe3359
      @emilyhowe3359 3 роки тому +1

      @@jakehart9346 Spot on!

    • @emilyhowe3359
      @emilyhowe3359 3 роки тому

      @Larrisa Hager "Nancy Jane Gluck " is one I'm quite familiar with, I came across her on an investment webinar.. she has a website and everything so you can reach her from there..cheers!

    • @gagnecaron658
      @gagnecaron658 3 роки тому

      The wisest thing that should be on every wise individual's list is to invest in different streams of income that don't depend on the government to bring in money especially now the pandemic is hitting the economy pretty hard.

  • @guitar556100
    @guitar556100 3 роки тому +4

    I’ve probably watched every live trading review you have a dozen times each. Learning a lot all the time and my paper trading account is green. Fantastic videos

  • @akoito365
    @akoito365 3 роки тому

    Great show for this play I just learn something from you and I hope I can able to copy you. More power to you.

  • @DubLL
    @DubLL Рік тому

    I just followed your strategy in scalping options, I've been very unfortunate with them recently, but replicating some of the things you do has actually had a huge benefit for me! I don't have too much money, but I ended up making a quick $20 in about 5 minutes!

  • @frankcooker8012
    @frankcooker8012 2 роки тому +23

    Okay, good video Micheal but you fail to mention the risks involved. Trading has eased a huge burden from me now I use it as a passive source for income the best thing that has happened to me after spongebob

    • @Noah-pj6tc
      @Noah-pj6tc 2 роки тому

      LoL 😆, SpongeBob is good but paying the bills is even better, I am quite new to this and hope to speak confidently too about trading

    • @Noah-pj6tc
      @Noah-pj6tc 2 роки тому

      What is your trading strategy or secret please, I want to invest for profitable returns

    • @frankcooker8012
      @frankcooker8012 2 роки тому

      Well, as a doctor with not much time Mr Arlo Eric is the man behind my success here, he could help you too he's an expert with outstanding skills

    • @frankcooker8012
      @frankcooker8012 2 роки тому

      Arloeric1(a)Gmai
      Lcom...Is he taking commissions for trades? Yes, I’m I still making money in the process? Hell yes!

    • @Lilyoregon
      @Lilyoregon 2 роки тому

      This month I am up € 4000 thank much

  • @Crozera
    @Crozera 4 роки тому +5

    Very helpful videos, great job! One question tho. Why do you still have a full time job when you´re so good at trading?

    • @MichaelChin
      @MichaelChin  4 роки тому +9

      Thanks Erik. I'm pretty content with what I've got going in my life, and I enjoy my full time job. At some point I'll probably decide between the two lifestyles

  • @stevesmith9287
    @stevesmith9287 3 роки тому

    Great stuff!

  • @shortsimple1619
    @shortsimple1619 4 роки тому +1

    Don't let your emotions trade for you! 💪

  • @mahmoudal-ghamdi1066
    @mahmoudal-ghamdi1066 3 роки тому +72

    Good one, there no limit to knowledge on the FX market, traders should have a good trade plan and adequate trading system before engaging the market.

    • @doo-wopsmars185
      @doo-wopsmars185 3 роки тому

      All beginner should know these before before entering the market or for better understanding get a demo account before going live.

    • @jenniferburgess9011
      @jenniferburgess9011 3 роки тому

      I have been trading on a demo account for four months but when I decided to go live I lost a $500 investment. I couldnt match my trade intensity.

    • @fredricktaylor2952
      @fredricktaylor2952 3 роки тому

      Sorry it's just a rookies mistake it happens to 60% successful traders, you should get a trade expert to guide you on your future trades.

    • @andersonphillips3714
      @andersonphillips3714 3 роки тому

      @@fredricktaylor2952 do you know anyone that can help me out?

    • @fredricktaylor2952
      @fredricktaylor2952 3 роки тому

      @@andersonphillips3714 I suggest you reach Alam Sufia an expert trade analyst, her trade system works for perfectly on my trade and I have been able to earn through his guidance.

  • @Brianef03
    @Brianef03 4 роки тому +13

    Bro thats dope how you do trading, im new trader, you do it in short really quick, i would like to learn how to do that, wich platform do you use and what time frame chart?... peace

    • @eddyvideostar
      @eddyvideostar 3 роки тому +1

      To B. Master E: You need to take dope to take away the stress, pain, and disappointment from seeing your greenbacks rolled up and smoked.

    • @siegemoments5580
      @siegemoments5580 3 роки тому +1

      He uses ninja trader on the 2000 tick chart :)

  • @McDoogle435
    @McDoogle435 3 роки тому

    great stuff. thank you

  • @thomashenderson3901
    @thomashenderson3901 11 місяців тому

    @Michael Chin What kind of account size do you need for the appropriate margin to make a 3 contract trade?
    What degree of leverage are you using?

  • @Bethethird
    @Bethethird 4 роки тому +3

    Hey Michael! Just curious about scalping and was wondering what your accuracy % is when scalping? basically, of 10 times that you risk your money how money times are your profitable? regardless of amount. Thank you!

    • @MichaelChin
      @MichaelChin  4 роки тому +4

      Scalping tends to have a high win %. It all depends on how well I'm reading the price action

  • @rk6380
    @rk6380 4 роки тому +4

    Great content Michael, when you talk about runners what do you mean? Thanks so much and keep,up the good work

    • @MikeNeumeister
      @MikeNeumeister 4 роки тому +1

      It means he sells most of his position that he opened to lock in his profits but keeps one "in the game" so to speak, just in case price action goes crazy and makes a huge run up. If that happens, its called a runner. A way for him to make more $$$ without risking much.

  • @elysium888
    @elysium888 3 роки тому +1

    wow, please make more live trading videos like this !

  • @i3theans
    @i3theans 4 роки тому +2

    Big thing for me is showing a track record that u can do this consistent for a few years

  • @GhostGuitars
    @GhostGuitars 3 роки тому +9

    This is excellent, seeing where other people panic and want to get out and taking advantage of that

  • @exoticgamer5200
    @exoticgamer5200 4 роки тому +5

    How do you get around the PDT Rule?
    do you have a cash acct or a 25k acct?

  • @keithsavageone
    @keithsavageone 3 роки тому

    That's awesome. Great to see ... invest at risk, invest to win. End results...all bills paid on time when the dust settles.

  • @mikebud8896
    @mikebud8896 4 роки тому

    That’s crazy bro I just started trading and I watched your whole video just to grasp what’s going on with that kind of options trading before I step into it in a couple lol

  • @shaynesabala
    @shaynesabala 4 роки тому +12

    That was so awesome to watch even though I understood very little. Where did you learn this? I ask because I need something like this but for beginners. Thanks for the video and congrats on a great day of trading.

    • @MichaelChin
      @MichaelChin  4 роки тому +13

      Thanks Shayne, I'm working on some beginner material as we speak. Stay tuned!

    • @SkinlalaVision
      @SkinlalaVision 4 роки тому

      @@MichaelChin Thanks Michael, I just set you an email requesting the same thing. thanks!

    • @andytrades
      @andytrades 4 роки тому

      I too would like to learn more about your strategy.

    • @MichaelChin
      @MichaelChin  4 роки тому +3

      @@andytrades Keep your eyes out for content this week!

    • @overpass8690
      @overpass8690 4 роки тому

      @@MichaelChin martinmuhia@yahoo.com fill me in too

  • @hilhil1811
    @hilhil1811 4 роки тому +9

    Thanks for being real Michael.... You made that look easy. (which it isn't) Keep them coming please

  • @CindyBarrymore
    @CindyBarrymore 3 роки тому

    @Michael Chin please clarify: You you tag the lows and the highs in the premarket?? And when you say runners do you mean that you sell a partial position and let the rest run?

  • @noeltimog2201
    @noeltimog2201 4 роки тому

    Volume very important i didn’ see any of those , That decending pattern easy to predict,And its hard to find that with high volume.But great video’s.

  • @themovingaverage6087
    @themovingaverage6087 3 роки тому +13

    I make huge profits on my investment since i started
    trading with Ryan Jeffries, her trading strategies are top notch

    • @wendygamboa1993
      @wendygamboa1993 3 роки тому

      wow! amazing to see others who trade with Ryan Jeffries,
      i'm currently on my 5th trade with her and my portfolio has grown tremendously

    • @juanyyprnna4766
      @juanyyprnna4766 3 роки тому

      This is not the first time i am hearing of Mrs Ryan Jeffries
      and her exploits in the trading world but i have no idea how to reach her

    • @lindacool8870
      @lindacool8870 3 роки тому

      As a first time investor I started trading with Mrs Ryan Jeffries with just a thousand bucks. my portfolio is worth much more than that now within just weeks of trading with her

    • @jamesoncarmen6594
      @jamesoncarmen6594 3 роки тому

      with the consistent weekly profits I'm getting investing with
      Mrs Ryan Jeffries there's no doubt, she is the most reliable in the market. such a genius

    • @themovingaverage6087
      @themovingaverage6087 3 роки тому

      @@juanyyprnna4766
      You can reach her through Telegrm

  • @tradingthegap7427
    @tradingthegap7427 4 роки тому +5

    at 21:10 if you lost those 2 trades you would have given back all of you profit for the day man. I'm glad its working well for you but for me personally I would not trade a system where I give back 6 winners with 2 losers. With that said I enjoy seeing how different people trade :)

    • @MichaelChin
      @MichaelChin  4 роки тому +1

      I agree, trading is all about finding a system that works for you. Some people like high risk - high reward, some people like low risk - low reward. I appreciate the perspective :)

  • @adams5265
    @adams5265 3 роки тому +1

    Hey Michael,
    I watched all your videos and opened a ninja account. on the first day of the account was activated: 4-1 Made $587.50 net. thanks again!10/13/2020.
    My setups are exactly as you described on your ninja for beginners setups. 2000 ticks. lol, hope tomorrow is better than today.

    • @casadopovodealcanena
      @casadopovodealcanena 3 роки тому

      hey, i'm actually thinking to start trading like Michael.
      Did you learn just from Michael or with others too ?
      Btw what's the deposit minimum ? thanks and good job

  • @AutoFOCUSED.
    @AutoFOCUSED. Рік тому

    I wish this guy would come back man. I've learned so much just from his few videos.

  • @YesYourHighness
    @YesYourHighness 3 роки тому +9

    Hey Michael. I like how you clearly explain the trading strategy. Very easy to understand compared to a lot of the other UA-camrs out there. Your course website is very nice as well.

    • @ryenray1235
      @ryenray1235 2 роки тому

      are u insane? he babbles the whole time about how other traders got trapped. he doesn't even clearly explain his position and stop loss. if you followed his every move you most have some kind of special ability to understand babbling at 500 words a second.

  • @wilsoncelebrezze4768
    @wilsoncelebrezze4768 3 роки тому +17

    I met Helen Joyce in NY in late 2019. Ever since then it’s been a smooth journey

    • @browncelebrezze5463
      @browncelebrezze5463 3 роки тому

      how can we get to her?

    • @wilsoncelebrezze4768
      @wilsoncelebrezze4768 3 роки тому

      Get her on the tele gram @helenjoyce

    • @prosserangel2588
      @prosserangel2588 3 роки тому

      Investing in crypto currency is the best option now especially with Miss Helen Joyce. Her method works like magic, and I keep on earning every single week with her new strategies

    • @prosserangel2588
      @prosserangel2588 3 роки тому

      Investing in crypto currency is the best option now especially with Miss Helen Joyce. Her method works like magic, and I keep on earning every single week with her new strategies

    • @jeannegiuliano667
      @jeannegiuliano667 3 роки тому

      How can i get to her???

  • @jimfryar1
    @jimfryar1 4 роки тому

    Totally into this trading futures !!! Gonna watch a lot more vids score I start though,
    Question...... I get what a “runner” is, but how do you set it, and use it to take profits, you set it so high, then move your SL up, and they get stopped out, so I guess my question is, why don’t you set your runner one point up from your target?
    Another question is how much $ do you lose if you get stopped out on a trade? $50? Just like the winnings (per contract)?
    Thanx you rock, and I’m learning a lot, but as a noobie I need some of the basic info as well
    THANK YOU FOR DOIN THESE VIDEOS!!!!!!!!!!