Get ready to comment down below your key takeaways from this podcast with Steven Dux! I'm very inspired by his stats tracking methods and his unique reverse psychology mindset 📝📖
I really appreciate the dedication in each video you post. To be successful one has to have multiple income streams and so on, also investors should understand the crossover between asset classes & liquidity flow, joanna claire focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. Her skills set is top notch
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed Broker and a FINRA AGENT in the United States.
There is a pattern I noticed about successful traders. They are always super humble. They are NOT over confident. They're not trying to win an argument, they're trying to learn and constantly getting better at their art
5:40 Engineering background 8:50 Beginner’s luck 30:00 DWAC 32:00 3-4 trades a month 34:00 Scaling in and out 38:00 Overtrading 40:00 44:00 Routine 49:00 Trading is NOT for everyone 52:30 Diversifying 54:40 Hedge fund
Everyone has different risk tolerance. The point of the video isn’t for you to copy him but to learn his process and take bits and pieces to improve your own trading
he knows his setups inside and out and knows his probabilities before entering his trades. if he doesn't, he doesn't take them. the average trader is not that rigorous
Thank you humble traded! Steven is an absolute gentleman and obviously a very bright individual, he deserves every cent he has made. Congrats Steven on your success and sharing your knowledge with us!
no man this dude is no BS, you can tell this kid got it down, he has nothing to sell he already made it, he has no reason to lie. I watched lot of traders they try to sell something but this kid no, @@cjack202003
Wow, based on his mindset and approach, Steven seems to have a brilliant mind! Being wildly successful at such a young age in this most challenging industry is unheard of! I am blown away!
When he said $17mil position I had to pause the video for a good 5 mins and try to comprehend what down ticks must have looked and felt like in real time 😳 would require insane level of nerves! Great interview 👏
$1..$50....$100....$17 mil......all the same when you already got a shitload of money and can make phatazz trades.....i've heard crazy figures often. Same as on binary options once you get over a certain amount you dont have to trade for pennies and worry much about blowing accts
This guys risk tolerance is beyond amazing. The strategies he used is okay, he just understood very fast the market. But his risk management and tolerance is sooooooo amazing and suicidal at the same time😅😂
I didn’t know he started to help his family. That’s a good son. I’m glad he’s having success and hopefully his parents don’t ever have to worry about money. In the end…that’s all our hope. Help our family.
great job on the interview. I know it was a challenge to get the information out of him, but you did it! And you deciphered it so we could get more clarity to his subtle genius. I would love to get more details on his tracking methods
This guy had engineering background and have a vast knowledge on statistics calculations and safety reliable guising to come up with minimal loss or errors,statistic calculations,standard deviation is not enough but the right data to feed in for stat-calculations does make it effective,just to say trading is not for everyone.
Please Shay, could you make a video to explain the mathematical methods to know how to calculate how far stocks can go. Steven explained it orally, but it's difficult to assimilate.
Please carry on these interviews. Especially questioning on the trade techniques and worse trade. It's definitely much more content beneficial then winning trades.
First of all, thank you Shay for this awesome podcast! I am sure within a few weeks this video will become one of your most watched. Be the story once reviewed both of your education offerings and said your's more towards beginners (easy to understand and easy to follow) while Steve's are more advanced. I can see why after watching this video. One thing is that you both agree on the psychology part of trading but Steven went on building the strategies of the psychology thinking along with the data. That is truly on another level.
Yeah! I'm really struggling to read charts, watched an almost 2 hour tutorial on how to trade options, but I still don't really get it. I really want to learn how to properly do it. I have about $110k set aside to create a good portfolio. I'd appreciate any reliable inputs.
t's not that hard. The strategies are just rigorous for the regular-Joe but are most successfully carried out by pros who have had a great deal of skillset/knowledge
This is the problem! Most times people with little or no knowledge of the market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name Eleanor Johnston Sorensen and everything changed. In in the first quarter of this year i made $370k and counting
Successful trading is all about knowledge, experience and discipline, and you can achieve these virtues from anywhere with access to the markets. You can go anywhere and do anything you want, and still bring home money. What's better than going on vacation AND making money?
Amazing content Shay! This young lad is extraordinary. I started profiting in trading after 3 years of studying on my own. Even until now, I take profits early within the range of 1-2 percent. However, I am happy with it and it suites my style. I think every trader has his or her own style, there level of risk, and psychology when it comes to trading.
Munger and Buffett have both achieved an incredible feat with Berkshire. They've turned thousands to billions, and have made a lot of people wealthy in the process. I really saw the potential of the stock market by reading Berkshire's annual letters. I recently sold my $674k apartment in the Bel Air area and I'm hoping to throw it into the stock market. I just don't want to lose everything.
Finally Shay interviewed Steven, I have waiting this video for a long time. Awesome, Shay....I love your videos and Steven 's videos as well, both of your videos have inspired me to trade stocks to get profits.
Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!
I am Asian as well and was an international student in the US. I got into trading 8 month ago. Thank you for the interview. It is great to hear about your experiences!
This channel is evolving brilliantly. These interviews have really got me tuned in again and I love it. I also have to admire the boldness of Shay. What an inspiration and appreciate her inclusive energy. Nice work.
*I didn't become financially independent until I was in my late 40's, and I'm still in my 40's. In addition to having purchased my second home and earning money on a monthly basis through passive income, I've also achieved three out of five goals. I just hope this inspires someone to realize that it doesn't matter if you don't have any of these things yet, you can start today no matter your age. Change your future by investing! I made a rather big decision by investing in the financial market.*
Thanks for the interview. So crazy, how someone so good at small caps, can be so wrong about big caps, and think he could bring the same strategy as a hedge fund. My fave part is when he talks about overtrading and how costly it is to profitability
i'm a full time retail trader for over 18 yrs. his trading experience is quite exceptional. little scary! i feel pretty pathetic that it took me 5 yrs to break even!! lol
In my 3rd year and I was profitable before than now. Isn’t that funny? I was aggressively making money but couldn’t keep it, now I’m playing too safe and either making a little or losing slowly. The reason why I believe it takes 2-3 years for someone and 5-10 years is very similar to also getting rich. There are guys making millions but it takes them 60 years and there are guys making a million a month. In trading if you play defense specially if you are trading with small amounts then you probably lose in the long run. Exponential bet sizing changed my trading forever. Aggressive on best setups and accept occasional withdrawn.
A lot of people would actually be better at trading if they have commitment. But then everyone just tries to make profit without proper researches, which often ends up in unavoidable losses.
This guy knows his stuff! His engineering skills and knows statistics definitely gave him the advantage! And most people, buy and sell blindly. 😂 he sounds humble too! Great interview!
its almost as if engineering helped him get an edge, I come from marketing and looking at excel sheets and crunching numbers all day defo helped me get over alot of issues people encounter
For me, once I started actually using my levels, and not just putting them in the chart, trading became more of a process, and waiting for those levels gave me better entries/exits. So once the candles hit my setup, I know I’m out at a certain level, sometimes I do leave some profit in the table, but I find I balance out, and my risk is set. If I miss the entry and the risk becomes to much I just wait for another setup to come around or not 😂
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence she helped a lot to grow my reserve notwithstanding inflation, from $275k to approx $850k
Nav the trader who caused the flash crash pulled in 8 million in one day. The amount he leveraged was million to the hilt. He had software program to front run him ahead of the quants market orders. So you’re telling me this guy made that much money as a part time trader?!? 6 months to make money…something is off with this guy, third party audit would be cool to see. I could be wrong but unless he made his own software how on earth did he get even the leverage to make this amount. The only way is on options and leveraging the winnings over and over and over and over to get a payday like that.:.I bet the IRS would like to see this trade.😊
I have watched the entire video, watched several videos of Steven's, watched several videos on this channel, I still dont understand a THING ! am I the only one ????
In my taxable account I went into dividend investing route. In my Roth I did the buy and hold route with an S&P 500 etf and total market etf along with some Berkshire B stock and SCHD.
The 1% of rich people think of how to invest their money to increase their wealth during the recession. While 99% of struggling hard-luck people think of how to survive without food and daily necessities in the recession and the coming hyperinflation
My portfolio is made up of dividend etf’s, dividend stocks, growth stocks, it allows a bit more freedom in specific areas with help of an advisor CHRIS RYAN STEWART who I’ve been in touch with over the years before buying any stocks and it’s been working perfectly for me.
Working Chris Ryan Stewart, I started my first stock in Feb 21, 2022 I noticed the market went down the whole year so now I’m up a lot of money endless we go back to the October lows I will keep putting more stocks super excited for 2024 the payoff will be great 😌😌
Can’t wait to get where you are at. I put 10% of my 401k/Roth when I get paid, which I don’t really watch. Then I put $400/paycheck in a dividend portfolio. They say the first $100k is the hardest.
How much time do you have to watch trades full market day? How many trades do you want to take, how much time do you have for research, planning set ups, algo or software to get in and out quickly, patience level, so much more...What ways can you make the process efficient for yourself, etc
Always trial run with a fake, or paper trading account. It can be for anyone just as long as you trade to your personality. For instance if you get tired of looking at charts after 2 hours then only trade for 2 hours. If you can't get out of a losing trade on your own then don't worry, just set a stop loss. You learn a lot about yourself when trading 😊
if you can accept uncertainty, if you feel this is better than your job, if you can accept instability (you make money and lose money - you gotta manage it - the key is to make more than losing), treat it like a business (losses is your business expense). It's not for anyone who can't risk money and still sleep well. The good news is, you can always do it part-time no matter what job you have.
I’m not saying this because I don’t believe him…I was just wondering how you vet your guests? Do you look into their actual trading records, or take them at their word?
With 10 mil trading the spy, if you can catch a dollar move in call or put options and you buy 250k contracts at .30 and it runs to 1.30 and you sell, boom 25 mil
250k options is equivalent to 25 million shares. One day trade like this would be equivalent to 50M shares. SPY trades 50-100M shares a day. This kind of volume in options would be impossible. Not anywhere enough liquidity.
@@HumbledTraderOfficial You're a great trader and I truly admire you deeply. I try so hard as an elder women who was never expose to a good education and you younger people have taught me so much. You're light years ahead of me, but I keep trying to keep up with you everyday. So grateful for the internet and all we get to learn by others.
6 months is not a normal timeframe to become profitable. It required a massive amount of obsession & dedication EVERY DAY on his part. Just keep in mind it normally takes years because you have to trade A LOT & figure out yourself & what you're doing wrong so that you can adjust yourself. & also, shorting requires a lot in fees. He made millions but he's also paid millions in fees to locate shares in order to short.
39:00 I've found a good pattern/strategy that works for me, doesn't happen very often so, this is exactly how I prevent myself from forcing trades. I look at the expected return over one year and I keep the results on my chart and this is working for me 100% now, more relaxed waiting for my entry signal and if it's a loss I keep it within my expected loss...I guess I'm on the right track lol
Most of the people are saying negatively in why they sell courses of trading.. It's somehow same in school but school doesn't teach you to make money.... Remember it walk with open eyes
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence she helped a lot to grow my reserve notwithstanding inflation, from $275k to approx $850k
Hi, Would someone be able to explain the concept he explains starting around 20:00 mark - "Multiply volume with the average traded price on that day to understand the threshold for which retail traders can pour in to that stock and once it reaches the maximum, then that means the stock will go down next day"? How would we know what that threshold is? If someone could enlighten me or provide additional detail here would be much appreciated! Retail investors are limited to the 'Float' Insiders and Institutions are typically separate but form the balance of the shares outstanding. If 7 million bagholders bought the stock at $10 out of a 12 million Float, then 5 million might still be trading the stock at a lower price. Assuming the 7 million step back in to sell when the stock hits $9 or higher, is a reasonable guess, but there is on 5 million float left to sell to. Once they bought at $9+-, that still leaves 2 million holding which would keep downward pressure on the price. So theoretically it would take a 7M @ $9 (63M) dollar value to be traded before 'fresh retail' investors can come in. This is my best guess. Suggestions? Shay? Steven?
Stats to track: -market cap and float, their similarities, how much volume they traded, see if similar behavior of takers, wether parabolic , the change of volume. And adapt based on the changes between these stats
Humbled traders take on stats to track: let’s say you narrow down ten stocks with low/high float , similar volume, look at different categories, like the volume, pre-market volume, % spike after open, and look at what they have in common, what’s the outlier criteria wether it be super low float, or super high volume, that potentially have caused a stock stand out the most
The second criteria to track stats: You want to focus on volume specifically, cause every shares traded, means one share, also and hedge fund are involved. But the hedge fund won’t ever buy the entire float, and cause it’s inconvenient to do that because they have to file to SEC they don’t. Second, if you want to pump the stock, you don’t want to buy the whole float, rather you want the retail to do most of the pumping, then they lose most of the money , find out how much a taker can put in a float based on market cap
He was a former student of Tim Sykes. Tim Sykes interviewed him the first time on UA-cam when he first made close to 1,000,000 dollar. So he became famous among Tim Sykes's students and other penny stock traders. I don't know why he broke up with Tim Sykes. He did not mention Tim Sykes as a mentor.
Actually he did. I used to sign up with Tim program too. I received a bunch of old manuals and told me to spend a year to learn it. Sorry, penny stocks is not for me. Did not have the money, use the scanner, figure out how many shares to trade, calculate the risks, can't short with Think or Swim. Then I switch to stock options, I love it and I have to spent money for another training program but was unable to complete it and watching the videos. I had a very hard time to understand the instruction's accent and learn all the advanced techniques but was unable to trade, did not qualify to trade with ThinkorSwim and working schedule prohibited me to attend the Day Trading room and over trade with too many stocks at once and was unable to close at the right time and working. So I lost all my money. However, I still love stock options. I can't trade stocks. They are too expensive. Stock Options are the best option for new trader in my opinion. Master it with the simple strategy with the right mentor I believe will make you wealthy. I am still struggling financially and was unable to pay the coaching program. Most of the training start with $7k-$10K.
Hey, Shay, as usual amazing content! You don’t stop to surprise! You deserve each of your 1.13M subscribers! I am considering myself lucky that I started my trading journey with HT back in mid-2020! Much Love! ❤️🙏
Shay, thank you for all the interesting vids you post. I just discovered you very recently and I think you are an amazing help to beginners traders. Keep it up !!!
I wish everyone peace and love. Whether we separated on good, bad, or indifferent terms I wish you well. I wish you success. May you find what you're looking for. I love you❤️
Don't know if he is profitable or not, but there is nothing wrong with selling course, if I am profitable and want one more source of money , why won't I leverage that skill? Only question is have I proved my credibility, if its been proven hell I will sell course for sure.
Man you just have to appreciate the artistic and dedication discipline that goes into Dux's trading strategies. Technically he just gave us the "overnight success" recipes that will take half of 2024 to come to fruition. His $6M recap voice in 2021 is as calm as in this interview. Dude is truly stoic!
When someone call themself a trader, and started making trading about training and selling trading course, that's a red flag. Why waste yourtime teaching other while you can just make money for yourself by trading. 😊😊😊
It's crazy how so many of you people have that mindset. Every trader that actually trades calls themselves a trader. Any skill that can be monetized will be. Always have multiple streams of income.
@@Jason-qz7tt I speak based on facts. If what is conveyed by the 'traders" who sell content on UA-cam and courses can really work, then their income from trading will be very large, and they will not need small money from selling content and courses. Moreover, creating UA-cam content, selling courses, holding workshops and the like require much more time and energy than trading. In fact, people who make trading videos, sell courses, sell affiliate links to get commissions are people who self-claim to be successful traders. Even this channel sells affiliate links in its description to earn commission.
I am curious, if Steven makes this much on his trades, doesn’t creating videos on his strategies hurt him in the long run because of people following the same strategy which would make it more competitive and less profitable?
I agree with him about not making other people's mistakes and the fundamentals of a co. Don't care if it's a zombie co or not. If it has liquidity you can get in and out if the trade is set up. Fundamentals don't matter, dividends...not what a daytrader and swing trader is after-not investing but trading.
I used to watch him alot 2019 when i started trading pennies to learn where short would enter and where i can start exiting my long. I also his method of volume/float size/ market cap to understand the crazy range potential of each runner. Sadly after 2022 into 2023 pennies been dead due to high interest rate. If 2023 we get a large cap running like wild pennies by the time the fed starts lowering rates i hope 2024 we get a boom for pennies or maybe 2025. If large caps can run repeat 2021 run then i believ we should see similar pennies super nova on the horizon....hopefully😅
He must have over head computers and have been looking up at the screen for hours and hours , those are his battle scars! It paid off, having an engineering mind helped out a lot
If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you, prevent inflation from eroding your savings, build generational wealth, and cultivate good habits and financial knowledge, you must be in the market.
Let me tell you why I hate your podcasts. Because I will have to listen to them more then once because of all the good info. Thanks a lot for doing such a good job of interviewing. 😉
Get ready to comment down below your key takeaways from this podcast with Steven Dux!
I'm very inspired by his stats tracking methods and his unique reverse psychology mindset 📝📖
Why his body language is clearly showing as he is lying? 😢
@@HiHello-dude how so?
@@MarkzGurl77 yeah i want to hear this wonderful bedtime story also lol
How did you verify these trades?
Man I’m been watching your videos for a while now,I’m desperate,I have one question where do I start ? I just don’t wanna be scammed thx
I really appreciate the dedication in each video you post. To be successful one has to have multiple income streams and so on, also investors should understand the crossover between asset classes & liquidity flow, joanna claire focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. Her skills set is top notch
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed Broker and a FINRA AGENT in the United States.
You trade with joanna claire too? Wow that woman has been a blessing to me and my family
I’m new at this, how can I reach her?
I was skeptical at first until I decided to try. It’s huge returns is awesome! I can’t say much.
There is a pattern I noticed about successful traders. They are always super humble. They are NOT over confident.
They're not trying to win an argument, they're trying to learn and constantly getting better at their art
there is a difference between confident and arrogant, confidence is good
Can't be that black ass rapper, right? lol
Yup I noticed the same thing.
mos def, ego is the first thing successful trader throw at the window.
5:40 Engineering background
8:50 Beginner’s luck
30:00 DWAC
32:00 3-4 trades a month
34:00 Scaling in and out
38:00 Overtrading 40:00
44:00 Routine
49:00 Trading is NOT for everyone
52:30 Diversifying
54:40 Hedge fund
Man thank you
Who are you ?
Thank you
ummm ok
yes
Don't try to replicate what this guy did. He took extreme risks that would wipe most others out. Be happy with small, consistent wins.
He didn't take extreme risks. He is very, very methodical and deliberate with his trading style. He rarely trades and only takes the best set ups.
Everyone has different risk tolerance. The point of the video isn’t for you to copy him but to learn his process and take bits and pieces to improve your own trading
Yeah the guy’s a real degen, something you can afford only while young
Yes, on the short side all is takes is 1 bad trade to completely blow up.
he knows his setups inside and out and knows his probabilities before entering his trades. if he doesn't, he doesn't take them. the average trader is not that rigorous
Thank you humble traded! Steven is an absolute gentleman and obviously a very bright individual, he deserves every cent he has made. Congrats Steven on your success and sharing your knowledge with us!
Certainly!
Certainly!
Certainly!
Certainly!
@@EnidSe Certainly!
he is one of the few honest traders out there, no BS
I've watched a lot of traders on youtube. There's always a comment like this.
no man this dude is no BS, you can tell this kid got it down, he has nothing to sell he already made it, he has no reason to lie. I watched lot of traders they try to sell something but this kid no,
@@cjack202003
Wow, based on his mindset and approach, Steven seems to have a brilliant mind! Being wildly successful at such a young age in this most challenging industry is unheard of! I am blown away!
It's true, friend.
I agree
Yes, friend!
Yes, it's true!
You're unique. The rewards are approaching.
When he said $17mil position I had to pause the video for a good 5 mins and try to comprehend what down ticks must have looked and felt like in real time 😳 would require insane level of nerves! Great interview 👏
Jesus.. i paused😅
$1..$50....$100....$17 mil......all the same when you already got a shitload of money and can make phatazz trades.....i've heard crazy figures often. Same as on binary options once you get over a certain amount you dont have to trade for pennies and worry much about blowing accts
True, and this is why you only focus on percentage number instead of dollar value...
One of the best interviews Shay. A lot of good info. Thank you.
Certainly!
Certainly!
This guys risk tolerance is beyond amazing. The strategies he used is okay, he just understood very fast the market. But his risk management and tolerance is sooooooo amazing and suicidal at the same time😅😂
this guy had a ton of haters when i was watching his content back in 2015.. im glad hes still killin it
He is the gem,love to see him in your show.
Stay tuned for more exciting podcasts 😎
Whats his full name ?
@@HumbledTraderOfficial will you interview Mighty Stocks in the future!
@@joseyacabalquiej8395
Learn that and more in the info section of this video...go ahead try it😉
Indeed!
I didn’t know he started to help his family. That’s a good son. I’m glad he’s having success and hopefully his parents don’t ever have to worry about money. In the end…that’s all our hope. Help our family.
Thanks bud for keeping us financially Educated! Regardless of how bad it gets on the economy, I still make over $15,000 every
We all need to get together and raise money for Microphone Stands 😂
😂😂😂damn true
Lol
great job on the interview. I know it was a challenge to get the information out of him, but you did it! And you deciphered it so we could get more clarity to his subtle genius. I would love to get more details on his tracking methods
🙌
This guy had engineering background and have a vast knowledge on statistics calculations and safety reliable guising to come up with minimal loss or errors,statistic calculations,standard deviation is not enough but the right data to feed in for stat-calculations does make it effective,just to say trading is not for everyone.
Please Shay, could you make a video to explain the mathematical methods to know how to calculate how far stocks can go. Steven explained it orally, but it's difficult to assimilate.
Really really well done, Shay. As always. I don't even trade, I just enjoy your style of content, following along on your story.
Absolutely.
Here's a question: Are you familiar with any AI designed for trading purposes?
See it as 'gptneon'.
The best trading course with artificial intelligence for those who are starting
Follow the @
I love all these interviews of the pro-traders. helps so much!
🙌
Please carry on these interviews. Especially questioning on the trade techniques and worse trade. It's definitely much more content beneficial then winning trades.
First of all, thank you Shay for this awesome podcast! I am sure within a few weeks this video will become one of your most watched. Be the story once reviewed both of your education offerings and said your's more towards beginners (easy to understand and easy to follow) while Steve's are more advanced. I can see why after watching this video. One thing is that you both agree on the psychology part of trading but Steven went on building the strategies of the psychology thinking along with the data. That is truly on another level.
Certainly!
Certainly!
The best trading course with artificial intelligence for those who are starting
Follow the @
@@Gptraderapp hello
Yeah! I'm really struggling to read charts, watched an almost 2 hour tutorial on how to trade options, but I still don't really get it. I really want to learn how to properly do it. I have about $110k set aside to create a good portfolio. I'd appreciate any reliable inputs.
t's not that hard. The strategies are just rigorous for the regular-Joe but are most successfully carried out by pros who have had a great deal of skillset/knowledge
This is the problem! Most times people with little or no knowledge of the market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name Eleanor Johnston Sorensen and everything changed. In in the first quarter of this year i made $370k and counting
Sounds interesting, will like to know more
Successful trading is all about knowledge, experience and discipline, and you can achieve these virtues from anywhere with access to the markets. You can go anywhere and do anything you want, and still bring home money. What's better than going on vacation AND making money?
@tonyflyer8940 Eleanor Johnston Sorensen is a top trader that helps people out when it comes to trading.
This guy is a genius. The way he uses volume, float and MCap is just so unique.
Certainly!
Certainly!
Amazing content Shay! This young lad is extraordinary. I started profiting in trading after 3 years of studying on my own. Even until now, I take profits early within the range of 1-2 percent. However, I am happy with it and it suites my style. I think every trader has his or her own style, there level of risk, and psychology when it comes to trading.
Hey Kikop what study you recommend for some one new to the trade thanks
Crazy dude. Very cool, calm and collected. The mindset trading big amounts of money is also key imo.
Munger and Buffett have both achieved an incredible feat with Berkshire. They've turned thousands to billions, and have made a lot of people wealthy in the process. I really saw the potential of the stock market by reading Berkshire's annual letters. I recently sold my $674k apartment in the Bel Air area and I'm hoping to throw it into the stock market. I just don't want to lose everything.
Investing and trading are different, trading for sure will blow up in the first will year
Investing and trading are different, trading for sure will blow up in the first will year
Finally Shay interviewed Steven, I have waiting this video for a long time. Awesome, Shay....I love your videos and Steven 's videos as well, both of your videos have inspired me to trade stocks to get profits.
Thank you so much glad you enjoyed 🙏🙏
Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!
I am Asian as well and was an international student in the US. I got into trading 8 month ago. Thank you for the interview. It is great to hear about your experiences!
This channel is evolving brilliantly. These interviews have really got me tuned in again and I love it. I also have to admire the boldness of Shay. What an inspiration and appreciate her inclusive energy. Nice work.
thank you so much for the positive feedback :)
I totally agree. I love the interviews and the insightful questions. Thank you Shay for sharing your journey.@@HumbledTraderOfficial
Yes, that's accurate.
Here's a question: Can you point me to a good AI for trading?
The top AI trading tool is named
I met him in 2018 in Orlando. He was one of the millionaire students of Tim Sykies. And I met him at Tim’s trader summit.
No way! Tim skyies is the OG
Who is tim skyies
thanks Shay and Steven, you shared some really great nuggets of information in this video. All the best to the both of you!!
*I didn't become financially independent until I was in my late 40's, and I'm still in my 40's. In addition to having purchased my second home and earning money on a monthly basis through passive income, I've also achieved three out of five goals. I just hope this inspires someone to realize that it doesn't matter if you don't have any of these things yet, you can start today no matter your age. Change your future by investing! I made a rather big decision by investing in the financial market.*
Same here. I don’t know what’s the volume and gap number they’re talking about.
Thanks for the interview. So crazy, how someone so good at small caps, can be so wrong about big caps, and think he could bring the same strategy as a hedge fund.
My fave part is when he talks about overtrading and how costly it is to profitability
He is smart. He can learn any market in my opinion and kill it.
i'm a full time retail trader for over 18 yrs. his trading experience is quite exceptional. little scary! i feel pretty pathetic that it took me 5 yrs to break even!! lol
In my 3rd year and I was profitable before than now. Isn’t that funny? I was aggressively making money but couldn’t keep it, now I’m playing too safe and either making a little or losing slowly. The reason why I believe it takes 2-3 years for someone and 5-10 years is very similar to also getting rich. There are guys making millions but it takes them 60 years and there are guys making a million a month. In trading if you play defense specially if you are trading with small amounts then you probably lose in the long run. Exponential bet sizing changed my trading forever. Aggressive on best setups and accept occasional withdrawn.
Teach me Senpai 😜😊
Positive vibes are the currency of the soul! Thanks for providing such precise information.
A lot of people would actually be better at trading if they have commitment. But then everyone just tries to make profit without proper researches, which often ends up in unavoidable losses.
This guy knows his stuff! His engineering skills and knows statistics definitely gave him the advantage! And most people, buy and sell blindly. 😂 he sounds humble too! Great interview!
its almost as if engineering helped him get an edge, I come from marketing and looking at excel sheets and crunching numbers all day defo helped me get over alot of issues people encounter
For me, once I started actually using my levels, and not just putting them in the chart, trading became more of a process, and waiting for those levels gave me better entries/exits. So once the candles hit my setup, I know I’m out at a certain level, sometimes I do leave some profit in the table, but I find I balance out, and my risk is set. If I miss the entry and the risk becomes to much I just wait for another setup to come around or not 😂
That's the way...I had to learn the hard way to wait for my key levels. Trade from key level to key level 😊
Absolutely!
You're extraordinary. Success is just around the corner.
Can you guys share for a newbie example of levels in your system?
The best trading course with artificial intelligence for those who are starting
The best trading interview video ever! Honest! No b.s!
Thank you
I just lost 30% overnight when my stock Gapped down and realized I will have to gain 50% to recover. The blow to my confidence is the worst.
Which stock …. ☹️
It happens. Average down. 🤷🏻♂️
Was it alibaba? I had profits and didn’t take them the day before… i feel so dumb.
We are all just bunch of dummies 😅😂😂😂
@@HumbledTraderOfficial $CSCO 10% down after hours x 3 to 1 leverage.
both traders are humble.😊 keep up posting..🔥
This is the most amazing video Shay. Very much appreciated!!!
Glad it was helpful!
Please ask the risk management strategy of every trader. That's the key
This content is worth gold. I immidiately started following him. Thank you so much Shay for introducing him. As always you are giving so much🙏
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence she helped a lot to grow my reserve notwithstanding inflation, from $275k to approx $850k
Best interviewer, you deserve every subscribe
Thanks for this interview. It was truly awesome.
Even bad or average traders can get lucky, if this guy is still profitable after 10 years then he is legit
Nav the trader who caused the flash crash pulled in 8 million in one day. The amount he leveraged was million to the hilt. He had software program to front run him ahead of the quants market orders. So you’re telling me this guy made that much money as a part time trader?!? 6 months to make money…something is off with this guy, third party audit would be cool to see. I could be wrong but unless he made his own software how on earth did he get even the leverage to make this amount. The only way is on options and leveraging the winnings over and over and over and over to get a payday like that.:.I bet the IRS would like to see this trade.😊
Do the math on his trades. He did thousands of trades in a day and risked 10's of millions of dollars on those trades so it's not unbelievable.
I wonder how his strategies are working for him this year? What a great podcast - I enjoyed this one very much
I have watched the entire video, watched several videos of Steven's, watched several videos on this channel, I still dont understand a THING ! am I the only one ????
In my taxable account I went into dividend investing route. In my Roth I did the buy and hold route with an S&P 500 etf and total market etf along with some Berkshire B stock and SCHD.
The 1% of rich people think of how to invest their money to increase their wealth during the recession. While 99% of struggling hard-luck people think of how to survive without food and daily necessities in the recession and the coming hyperinflation
My portfolio is made up of dividend etf’s, dividend stocks, growth stocks, it allows a bit more freedom in specific areas with help of an advisor CHRIS RYAN STEWART who I’ve been in touch with over the years before buying any stocks and it’s been working perfectly for me.
Excited to add to my positions as the market drops. Looking forward to 10 years from now with the hope of retiring early.
Working Chris Ryan Stewart, I started my first stock in Feb 21, 2022 I noticed the market went down the whole year so now I’m up a lot of money endless we go back to the October lows I will keep putting more stocks super excited for 2024 the payoff will be great 😌😌
Can’t wait to get where you are at. I put 10% of my 401k/Roth when I get paid, which I don’t really watch. Then I put $400/paycheck in a dividend portfolio. They say the first $100k is the hardest.
Shay's interviews always bring me down to reality. Thanks Shay. What questions should one ask themselves to determine if day trading is for them?
You’re most welcome!
How much time do you have to watch trades full market day? How many trades do you want to take, how much time do you have for research, planning set ups, algo or software to get in and out quickly, patience level, so much more...What ways can you make the process efficient for yourself, etc
Amazing interviewe
Always trial run with a fake, or paper trading account. It can be for anyone just as long as you trade to your personality. For instance if you get tired of looking at charts after 2 hours then only trade for 2 hours. If you can't get out of a losing trade on your own then don't worry, just set a stop loss. You learn a lot about yourself when trading 😊
if you can accept uncertainty, if you feel this is better than your job, if you can accept instability (you make money and lose money - you gotta manage it - the key is to make more than losing), treat it like a business (losses is your business expense).
It's not for anyone who can't risk money and still sleep well.
The good news is, you can always do it part-time no matter what job you have.
He seems completely unfased by the size of his trades, being able to keep cool with that kind of size is incredible, and in such a short time!
I would guess a lot of the confidence comes from his tracking
lol 6 months is how long it took him to be profitable. That's not how long he's been trading though. He's been trading for years and years
I’m not saying this because I don’t believe him…I was just wondering how you vet your guests? Do you look into their actual trading records, or take them at their word?
I love that you have quality guests on this channel. I can almost always see through bs.
thanks for watching :)
With 10 mil trading the spy, if you can catch a dollar move in call or put options and you buy 250k contracts at .30 and it runs to 1.30 and you sell, boom 25 mil
I don’t understand it. Can you break it down 😂
250k options is equivalent to 25 million shares. One day trade like this would be equivalent to 50M shares. SPY trades 50-100M shares a day. This kind of volume in options would be impossible. Not anywhere enough liquidity.
I don’t trade after 11 either. First 90 mins of market is where you’re statistically getting the bigger moves
What time you think is the soft spot ? I recently started traded and I love it, so much to learn.
@@YxngPrxnce24kBuy IPOs, sell them at 11AM or 12PM, and rinse and repeat each day
The GOAT himself 🔥🔥🔥thanks for bringing him on:))
I like the grown up version of humble trader. I waited a long time for her to finally take her channel to this maturity level. Thank you.
You and me both! Thank you
@@HumbledTraderOfficial You're a great trader and I truly admire you deeply. I try so hard as an elder women who was never expose to a good education and you younger people have taught me so much. You're light years ahead of me, but I keep trying to keep up with you everyday. So grateful for the internet and all we get to learn by others.
6 months is not a normal timeframe to become profitable. It required a massive amount of obsession & dedication EVERY DAY on his part. Just keep in mind it normally takes years because you have to trade A LOT & figure out yourself & what you're doing wrong so that you can adjust yourself. & also, shorting requires a lot in fees. He made millions but he's also paid millions in fees to locate shares in order to short.
Hello
The best trading course with artificial intelligence for those who are starting
Follow the @
Could you elaborate? I'm starting
There are no fees on shorting stocks. You just sell first then buy back later. Depends on your broker buy and sell shares has same fees
Wow I’m surprised how smart he is and how open he is with his strategy. Lots of respect
39:00 I've found a good pattern/strategy that works for me, doesn't happen very often so, this is exactly how I prevent myself from forcing trades. I look at the expected return over one year and I keep the results on my chart and this is working for me 100% now, more relaxed waiting for my entry signal and if it's a loss I keep it within my expected loss...I guess I'm on the right track lol
@Cliktowtsapme get a life...
can you elaborate?
My wrist hurt's.......
Steven been on my follow for a minute. Thanks to both of you.
what software plateforms does Steven use for his statistical analysis? seems a bit more than just excel ;-) thanks in advance!
14:00 6months to be profitable
1. Human Mistakes
2. Patterns psychological
3. Backtest w/ statistics
Great podcast, 200 M a year 🤯🤯 Guy is a legend 💯
Legend
200M ? 🤔
I've always enjoyed both Shay's channel and Steven's, never did I think I'd be seeing them together!!!!!
cheers!
Most of the people are saying negatively in why they sell courses of trading.. It's somehow same in school but school doesn't teach you to make money.... Remember it walk with open eyes
Him starting trading to help his mother during divorce is so wholesome
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence she helped a lot to grow my reserve notwithstanding inflation, from $275k to approx $850k
Yes, friend!
Hi, Would someone be able to explain the concept he explains starting around 20:00 mark - "Multiply volume with the average traded price on that day to understand the threshold for which retail traders can pour in to that stock and once it reaches the maximum, then that means the stock will go down next day"? How would we know what that threshold is? If someone could enlighten me or provide additional detail here would be much appreciated!
Retail investors are limited to the 'Float' Insiders and Institutions are typically separate but form the balance of the shares outstanding. If 7 million bagholders bought the stock at $10 out of a 12 million Float, then 5 million might still be trading the stock at a lower price. Assuming the 7 million step back in to sell when the stock hits $9 or higher, is a reasonable guess, but there is on 5 million float left to sell to. Once they bought at $9+-, that still leaves 2 million holding which would keep downward pressure on the price. So theoretically it would take a 7M @ $9 (63M) dollar value to be traded before 'fresh retail' investors can come in. This is my best guess. Suggestions? Shay? Steven?
me too i didnt understand
Stats to track:
-market cap and float, their similarities, how much volume they traded, see if similar behavior of takers, wether parabolic , the change of volume. And adapt based on the changes between these stats
Humbled traders take on stats to track: let’s say you narrow down ten stocks with low/high float , similar volume, look at different categories, like the volume, pre-market volume, % spike after open, and look at what they have in common, what’s the outlier criteria wether it be super low float, or super high volume, that potentially have caused a stock stand out the most
The second criteria to track stats:
You want to focus on volume specifically, cause every shares traded, means one share, also and hedge fund are involved. But the hedge fund won’t ever buy the entire float, and cause it’s inconvenient to do that because they have to file to SEC they don’t. Second, if you want to pump the stock, you don’t want to buy the whole float, rather you want the retail to do most of the pumping, then they lose most of the money , find out how much a taker can put in a float based on market cap
He was a former student of Tim Sykes. Tim Sykes interviewed him the first time on UA-cam when he first made close to 1,000,000 dollar. So he became famous among Tim Sykes's students and other penny stock traders. I don't know why he broke up with Tim Sykes. He did not mention Tim Sykes as a mentor.
Actually he did. I used to sign up with Tim program too. I received a bunch of old manuals and told me to spend a year to learn it. Sorry, penny stocks is not for me. Did not have the money, use the scanner, figure out how many shares to trade, calculate the risks, can't short with Think or Swim. Then I switch to stock options, I love it and I have to spent money for another training program but was unable to complete it and watching the videos. I had a very hard time to understand the instruction's accent and learn all the advanced techniques but was unable to trade, did not qualify to trade with ThinkorSwim and working schedule prohibited me to attend the Day Trading room and over trade with too many stocks at once and was unable to close at the right time and working. So I lost all my money. However, I still love stock options. I can't trade stocks. They are too expensive. Stock Options are the best option for new trader in my opinion. Master it with the simple strategy with the right mentor I believe will make you wealthy. I am still struggling financially and was unable to pay the coaching program. Most of the training start with $7k-$10K.
I was going to ask this question too
This guy is a genius, apart from trading, this guy can even achieve compound gains YOY in his English speaking skills.
I watch almost all your interview videos. But why don’t you purchase microphone stands, Shay?! 😁
When he first appeared in the trading world I knew hed be good.... he has a good brain and thinks outside the box
Hey, Shay, as usual amazing content! You don’t stop to surprise! You deserve each of your 1.13M subscribers!
I am considering myself lucky that I started my trading journey with HT back in mid-2020! Much Love! ❤️🙏
Thanks so much! Appreciate it hope your trading has been going well 😇😇
Can someone explain his strategy. It was vague and I didn't really understand it
Hey please make video about Japanese legends BNF and CIS ❤
I’ll check it out
They are legendary. Do check ‘‘em out
Shay, thank you for all the interesting vids you post. I just discovered you very recently and I think you are an amazing help to beginners traders. Keep it up !!!
Excited for this one 🔥
Gotta take notes 💪
wow Steven is amazing just love his mind set
This Man is the real deal. Great interview
I wish everyone peace and love. Whether we separated on good, bad, or indifferent terms I wish you well.
I wish you success. May you find what you're looking for. I love you❤️
11 million in verified profits and he wants to sell me courses.
😂😂😂😂😂 right need more money
Lmao
People like this make big but assume they also lose big… 🤔
Don't know if he is profitable or not, but there is nothing wrong with selling course, if I am profitable and want one more source of money , why won't I leverage that skill? Only question is have I proved my credibility, if its been proven hell I will sell course for sure.
That’s probably where part of that 11 million came from . Paid courses .
Man you just have to appreciate the artistic and dedication discipline that goes into Dux's trading strategies. Technically he just gave us the "overnight success" recipes that will take half of 2024 to come to fruition.
His $6M recap voice in 2021 is as calm as in this interview. Dude is truly stoic!
Hard science engineering degree at work here in terms of data and statistics.
When someone call themself a trader, and started making trading about training and selling trading course, that's a red flag.
Why waste yourtime teaching other while you can just make money for yourself by trading. 😊😊😊
It's crazy how so many of you people have that mindset.
Every trader that actually trades calls themselves a trader.
Any skill that can be monetized will be.
Always have multiple streams of income.
@@Jason-qz7tt
I speak based on facts.
If what is conveyed by the 'traders" who sell content on UA-cam and courses can really work, then their income from trading will be very large, and they will not need small money from selling content and courses.
Moreover, creating UA-cam content, selling courses, holding workshops and the like require much more time and energy than trading.
In fact, people who make trading videos, sell courses, sell affiliate links to get commissions are people who self-claim to be successful traders.
Even this channel sells affiliate links in its description to earn commission.
I am curious, if Steven makes this much on his trades, doesn’t creating videos on his strategies hurt him in the long run because of people following the same strategy which would make it more competitive and less profitable?
My guess is it's like an athlete turning coach. Coaches can make money from students as well as from content creation.
thanks Shay🙏🙏, For bringing this amazing Young man to share his History to become a success trader in a very short periods of a months
The year 2024 is a year for each and everyone of us to make a fresh start, by making passive investments for a more stable and doubled income
You are right.!
For one person to one someone has to lose, so not everyone can live the fairytale ending lol
I agree with him about not making other people's mistakes and the fundamentals of a co. Don't care if it's a zombie co or not. If it has liquidity you can get in and out if the trade is set up. Fundamentals don't matter, dividends...not what a daytrader and swing trader is after-not investing but trading.
She was feeling the drip😂❤
All I took from this interview is: He plays Starcraft 2. I play both SC1 and SC2 = I should start trading and become millionaire.
A smart person learns from their mistake, a wise person learns from other people's mistakes.
Which one is you?
Thank you so much for the nice interview.
I used to watch him alot 2019 when i started trading pennies to learn where short would enter and where i can start exiting my long. I also his method of volume/float size/ market cap to understand the crazy range potential of each runner. Sadly after 2022 into 2023 pennies been dead due to high interest rate. If 2023 we get a large cap running like wild pennies by the time the fed starts lowering rates i hope 2024 we get a boom for pennies or maybe 2025. If large caps can run repeat 2021 run then i believ we should see similar pennies super nova on the horizon....hopefully😅
He must have over head computers and have been looking up at the screen for hours and hours , those are his battle scars! It paid off, having an engineering mind helped out a lot
If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you, prevent inflation from eroding your savings, build generational wealth, and cultivate good habits and financial knowledge, you must be in the market.
Let me tell you why I hate your podcasts.
Because I will have to listen to them more then once because of all the good info.
Thanks a lot for doing such a good job of interviewing. 😉
Can we have interviews with 99 other guys that used the same risks and lost it all?