How to not blow up your Account. lost money trading

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  • Опубліковано 20 лип 2020
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    How to not blow up your Account (lost money trading)
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КОМЕНТАРІ • 291

  • @alvinmugambi6084
    @alvinmugambi6084 3 роки тому +2

    Dude you just opened for me a new chapter on volume i never even knew existed!!!! awsome stuff dude

  • @estario
    @estario 3 роки тому

    Thanks again Steven. Love how insightful your videos are.
    Keep it up buddy!

  • @Blasterzorz
    @Blasterzorz 3 роки тому +7

    the duxman once again dropping valuable mad knowledge, took 5 pages of notes just on this video alone! thank you! and keep it coming!!

  • @danielarguelles9799
    @danielarguelles9799 2 роки тому

    This video is one of my favorite ones, lots of fantastic info. Thank you Steven!

  • @tomd1459
    @tomd1459 2 роки тому +1

    Many thanks Steven for the content. Td

  • @Trumppower
    @Trumppower 3 роки тому +14

    Watched this Twice and will watch again later.

  • @JustRightTea
    @JustRightTea 3 роки тому +1

    THANKS THIS WAS HELPFUL

  • @scottdylan1790
    @scottdylan1790 3 роки тому +1

    Something to study more on, thank you!

  • @glennkovacs1283
    @glennkovacs1283 3 роки тому

    Thanks Steven another great video

  • @gfsa01
    @gfsa01 3 роки тому

    You the MAN, Steven!!

  • @chidionoh
    @chidionoh 3 роки тому

    really smart way to analyze the trades, dux. i take notes on every video!

  • @aankorai492
    @aankorai492 3 роки тому +1

    Some much-condensed information in the video. Really appreciate brother.

  • @patrickwang5000
    @patrickwang5000 3 роки тому +1

    Very informative, thanks Steven

  • @user-jj1cl9tu1t
    @user-jj1cl9tu1t 3 роки тому

    Thank you so much for your knowledge sharing.

  • @mannyk291
    @mannyk291 3 роки тому

    Excellent video Steven........ you explained it well !

  • @edc3037
    @edc3037 3 роки тому

    Thanks for the knowledge

  • @WalkingNewYorkCity
    @WalkingNewYorkCity 3 роки тому

    Thx dude. Much appreciated.

  • @tayronachan
    @tayronachan 3 роки тому

    thx Steven, appreciated.

  • @manmeetoberai2787
    @manmeetoberai2787 3 роки тому

    Thanks for the teachings..amazing

  • @phucpham286
    @phucpham286 3 роки тому

    Thank you ! Meaningful.

  • @beckyp605
    @beckyp605 3 роки тому +1

    HI Dux, would like you to share some long strategy recap. I have heard that you are killing it. TY

  • @timothynguyen2928
    @timothynguyen2928 3 роки тому

    Steven Dux! You tha man

  • @ramanan5u
    @ramanan5u 3 роки тому

    Thank you Kindly Steve!🇨🇦🇨🇦

  • @trill711
    @trill711 3 роки тому

    Great video thanks Dux

  • @AdorableUrban
    @AdorableUrban 3 роки тому

    Amazing help wow❤️👏🏼🤙🏼

  • @munyaradzimamombe5878
    @munyaradzimamombe5878 3 роки тому +1

    Great!
    You inspired me to start my own trading channel where i teach profitable strategies.

  • @KaterinaJos
    @KaterinaJos 3 роки тому +4

    I really like him. I wish he could look into options and teach us the options strategy - wondering if it would be similar in some way - day trading might be too stressful ? any thoughts?

  • @mikewaddell2983
    @mikewaddell2983 3 роки тому

    Thank you so very much !
    ..

  • @KazimRMerchant
    @KazimRMerchant 3 роки тому

    Great content, learned a lot from you! I wanted to ask you that how do you handle FOMO?

  • @G5Tradez
    @G5Tradez 3 роки тому

    Great video lesson Dux

  • @ryder8199
    @ryder8199 3 роки тому

    Hey Steven! Awesome videos man love watching em! What percent size of your account did you take when making a trade as a beginner?

  • @MiguelCardenas-xu2dw
    @MiguelCardenas-xu2dw 3 роки тому +1

    Hey Steven, thank you for the great content! ... I have a question (Hopefully you would love to answer it as you say in the video).
    ...I've been tracking gap up shorts and the average pushing percentage seems to have changed in the current market and one could say is also quite variant (The values of the push can differ a lot), what are your thoughts on this? Have found the same thing?
    Greatly appreciated!

  • @imarathnayaka8391
    @imarathnayaka8391 3 роки тому +31

    This is a Great video to watch for beginners. choose a reliable broker, the number and diversity of assets you can trade varies from broker to broker.

    • @manuelrodrigo2674
      @manuelrodrigo2674 3 роки тому +2

      Steven is a very smart guy, he always hits the point with his understanding of trades.

    • @alejandrocatalina7140
      @alejandrocatalina7140 3 роки тому +1

      I have problem with making choice of brokers because of trust issues. I don't want a repeat of what happened to my first account.

    • @imarathnayaka8391
      @imarathnayaka8391 3 роки тому

      @@alejandrocatalina7140 Individual stocks and equities are also readable through many brokers. Write to my broker/account manager Mr Durham Miller on whatsapp +447441440202 to make enquiries and set up an account. He is a professional forex broker with a reliable execution style.

    • @teddyredmond5215
      @teddyredmond5215 3 роки тому

      @@imarathnayaka8391 Thank you very much!

    • @lucianremaphosa8837
      @lucianremaphosa8837 3 роки тому

      I am delighted to view your contribution to this inspirational video from Steven.

  • @patskiepats3320
    @patskiepats3320 3 роки тому

    thank you!

  • @mirzasaoodful
    @mirzasaoodful 3 роки тому

    Thanks. How you describe afternoon breakout of morning move. When we have more volume 1st half of day and less while breakout. Should we step in for it?

  • @PredatoriaMoon
    @PredatoriaMoon 3 роки тому

    Ure right about volume, but there was also a planned offering leading up to this dump.

  • @gustafbarreda8582
    @gustafbarreda8582 3 роки тому

    This another level....Steve..Any books you recommend reading?

  • @orpheus7117
    @orpheus7117 3 роки тому

    @dux how do you set up you spreadsheets to track this information? Could you make a video on how to track the most important data?

  • @KT-zx9jr
    @KT-zx9jr 2 роки тому

    Thanks Steven. Could you explain when you can treat a chart with a lot of resistance between say 1-5 as a fresh chart? Thank you.

  • @terry4265
    @terry4265 3 роки тому

    Another great video. So my question is. Do you ever trade pre-market or after hours ??? Thanks

  • @user-cu7pj9oy7g
    @user-cu7pj9oy7g 3 роки тому

    Thanks!

  • @truevegas
    @truevegas 3 роки тому +1

    Great video Steven. Clearly from the comments it's a bit over some people's heads... "bitcoin is safer" lol it's all relative clearly, but I found your comments extremely easy to understand and appreciate you being honest with all of us 👍🏻

  • @obstreperoussake5137
    @obstreperoussake5137 3 роки тому +1

    Steven what factors would cause a stock with high float and low volume to spike ?

  • @dlove5864
    @dlove5864 3 роки тому +2

    Does a stock absolutely HAVE to have more volume than the previous day to break its high?

  • @javigarciayt
    @javigarciayt 3 роки тому +1

    Steven have you ever tried using options or is your specialty shorting pennies. I am looking for a course to trade options.

  • @brianngo9827
    @brianngo9827 3 роки тому

    Nice vid

  • @desmondwong740
    @desmondwong740 3 роки тому +74

    Legend has it that Steven will like your comment if you are early 👀

  • @paulbiniasz2278
    @paulbiniasz2278 3 роки тому

    Brilliant

  • @danadanko1684
    @danadanko1684 3 роки тому +1

    Please please please how to calculate volume predictions you didnt give formula for it .... thanks

  • @stefanoc974
    @stefanoc974 3 роки тому

    thank you

  • @BelieverStarcraft
    @BelieverStarcraft 3 роки тому +1

    Dang man that’s good psychology

  • @yesitisme3434
    @yesitisme3434 3 роки тому +1

    Hello guys,
    Does any one know which broker or trading plateform Dux is working with?
    Thanks for ur answer

  • @aO-re3dp
    @aO-re3dp 3 роки тому +13

    Down 24% portfolio last week, this video is just in time! Thank you!

    • @dennisc6223
      @dennisc6223 3 роки тому +1

      you probably traded nio LOL

    • @leoanas9323
      @leoanas9323 3 роки тому

      Lmao after 24% in red you should take a long break bro

    • @gozu9455
      @gozu9455 3 роки тому

      ahah down 12% but luckily i managed to get out

    • @Putra-hr8ig
      @Putra-hr8ig 3 роки тому

      12% for me,

    • @billyblack3816
      @billyblack3816 3 роки тому

      Real ones dig themselves out of a hole.

  • @Jones-1
    @Jones-1 3 роки тому +31

    Made my biggest gains so far mate $560 in 1 day :)

    • @randomhuman1754
      @randomhuman1754 3 роки тому +5

      Congrats 🏅🏅
      Next goal Should be $1k

    • @Jones-1
      @Jones-1 3 роки тому +3

      @@randomhuman1754 Thanks but I try not to think about a certain amount to make I just follow the patterns! Up $800 this week :)

    • @randomhuman1754
      @randomhuman1754 3 роки тому +3

      @@Jones-1 well the pace doesn't matter it just the target of another glory

    • @Jones-1
      @Jones-1 3 роки тому +2

      @@randomhuman1754 True bro the day I make 1k in a trade it will be a great milestone!

    • @Jones-1
      @Jones-1 3 роки тому

      Finished the week up $950 really getting so much better took 3 losses aswell still managed to make this much :)

  • @chidionoh
    @chidionoh 3 роки тому

    Is current day volume the total volume in one day or is it like the maximum volume traded? How do I calculate current day volume?

  • @juliocorona3868
    @juliocorona3868 3 роки тому

    What are the main deciding factors that u looked at, to make a trade if you had a small account. Thankyou

  • @daytraderfidel395
    @daytraderfidel395 3 роки тому +1

    What does it mean when a stock is too crowded, then I should say away from a stock?

  • @Sketches8
    @Sketches8 3 роки тому +1

    best way to prevent loss, all cash

  • @Venus-uf8sp
    @Venus-uf8sp 3 роки тому +1

    Steven Thank you so much for great content as always and your english is pretty good man!

  • @aliabrahimi3711
    @aliabrahimi3711 3 роки тому

    These stocks are HTB. So not possible to short them. Can you tell us how much you pay for borrowing them?

  • @samuelisaac8007
    @samuelisaac8007 3 роки тому

    Just wondering how long did it take you to be profitable at trading after you got started?? I really enjoy your videos.. keep the videos coming........ Thank You !!!

  • @VIVABELLAVIVAHERMANO
    @VIVABELLAVIVAHERMANO 3 роки тому

    Steven, I live in the United Kingdom, Im thinking of enrolling on your course, and start trading, Is it possible for people who live in Europe, to have the same access to the US stock options? does stockstotrade even accept people in other countries?

  • @jazzys8240
    @jazzys8240 3 роки тому

    I am very new to all this trading. Can you tell me where to start please.

  • @YevgeniyTrast
    @YevgeniyTrast 3 роки тому

    Steven, did you ever hear about CFDs ??

  • @FurrKnight
    @FurrKnight 3 роки тому +1

    So, if you are a beginner get a cash account and trade in a simulator for months before going in live with your own money. Got it! Thank you! P.S. very good information about trading volume

  • @Sasuke-il5im
    @Sasuke-il5im 3 роки тому +3

    Hi steven your vidoes are great but these tips are very hard to see when stocks are moving in real time

  • @judithmellon6505
    @judithmellon6505 3 роки тому +1

    Thanks Steven àppreciate the break down of it??..i became a bag older today with mtp..i didn't know after going up to 6 around 2 something it was gonna plunge like that how do we know??insane moment for me

    • @ohayo101
      @ohayo101 3 роки тому +1

      You should look in the past on daily candles. There was 1 time that price failed around 6.5. It might be someone like you - bagholder - who wait for a long time to exit the trade

  • @eugenesmb5741
    @eugenesmb5741 3 роки тому

    Hi Steven! In one of your video you say that if a stock makes a monster volume on the first day most likely tomorrow it won't be able to break through previous day high as it need to have a bigger volume. Today and yesterday's market example OCGN. Yesterday stock made 450M!! For a stock under a dollar. Today's volume is over 250M and it easily broke through yesterday high in the morning when volume was even smaller. Can you elaborate please on this topic. Maybe you can tell what is the difference or exception for this move?

  • @hieubui7699
    @hieubui7699 3 роки тому +1

    Yoo Steve, I was thinking about this method as well man, bc i saw there was no bouncing back and that volume was huge. So i predicted people would be hyped and push it up as much as possible, since it passed the resistance especially when it was over 11am, the most crowded time zone to trade, and still pushing higher . That why I was patient for the squeeze and has made profit as well.

    • @hieubui7699
      @hieubui7699 3 роки тому

      The ticker i observed was “EKSO”

    • @ExtraKanin
      @ExtraKanin 3 роки тому

      nice insight. very helpful thank you

  • @theboringtrading
    @theboringtrading 3 роки тому

    Thank you Dux, this video help.

  • @Rdizzle512
    @Rdizzle512 3 роки тому +1

    Had a 25k account about 1 mo ago. Lost 20k in one trade after getting super emotional. Fortunately i have a good job and will bounce back but listen to this man!!!

  • @jenniferchau2026
    @jenniferchau2026 3 роки тому +1

    I like your video and want to learn how to trade by option and short, but English is very poor.你有讲中文的video吗

  • @Toughdog773
    @Toughdog773 3 роки тому +2

    How much is the freedom challenge?

  • @uplakshd1903
    @uplakshd1903 3 роки тому

    which order do you use when entering the trade , stop or limit ?

  • @peterschaltz8069
    @peterschaltz8069 3 роки тому +1

    what website do u use to buy stocks?

  • @yuyuyu899
    @yuyuyu899 3 роки тому

    What app are you using to track the market?

  • @purple_mang0
    @purple_mang0 Рік тому

    - Float is high if its 30m, better to be 10-20m. market cap less than 100m
    - Check for previous individual resistance, consistent resistance.
    - You need to ignore the resistance and treat the chart as a fresh chart if that day’s volume exist historical volume.

  • @ishanplays8762
    @ishanplays8762 3 роки тому

    Thats an amazing way to look at I never even thought like thank you for
    opening my mind to help my trading Thank you Steven Dux

  • @waltermicheal1083
    @waltermicheal1083 3 роки тому +1

    What can of broker can i use as a africa

  • @adriantam2573
    @adriantam2573 3 роки тому

    I made a good amount of money and then blow my gains .. how do you reset that mindset if buying,selling,or buying too much or too little shares all due to miss opportunities or thinking it’ll blow up buy goes the other way.. it’s messing with the way I trade..HELP!

  • @chidionoh
    @chidionoh 3 роки тому +1

    hey steven i want to but your dvd duxinator but i cant afford $1200 do u have a coupon code

  • @mitchbromwell9554
    @mitchbromwell9554 3 роки тому

    Dux,
    🌞 Hopefully see you soon 2021 back in Orlando, Florida 🌴
    Maybe you can give me a heads up, and we can watch a SpaceX Falcon-9 Rocket 🚀 Launch...🇺🇸

  • @gavinbannister4124
    @gavinbannister4124 3 роки тому

    Hey Steven, always appreciate you sharing your experiences.
    Would you be able to talk a bit about if you had any motivation issues when you first started? How you stayed motivated even until now?

  • @andreiancuta3494
    @andreiancuta3494 3 роки тому

    For example, if i have a e*trade account and i don't have $25,000 i am under the PDT rule ? My address is in Europe.

  • @eugenesmb5741
    @eugenesmb5741 3 роки тому +1

    Another interesting stock from today is CAPR multiday breakout. On August the 28th it spiked to $11 with volume 191M. Today it broke through this high and today's volume for the stock is just over 20M. A recap would be very much appreciated with a smashed like button 😁👍🏻

  • @danielarguelles9799
    @danielarguelles9799 2 роки тому

    When the stock hit ten, did you mean the volume was 3 to 4 million shares? And not hundreds of millions? Not sure if I'm not understanding.

  • @erollpotter3004
    @erollpotter3004 3 роки тому

    Awesome

  • @nicholaspeterson746
    @nicholaspeterson746 3 роки тому

    I think this is the most informational video I have found yet 🙏

  • @JA-pl5by
    @JA-pl5by 3 роки тому +5

    Down $500 on my $27k account since I started day trading for about a month now. I had 1 Green Day since then. Good luck to me! And thank you for your videos! I’ll make sure to not blow up my account 🙏🙏🙏

  • @randomhuman1754
    @randomhuman1754 3 роки тому +21

    Started with 20k
    made 35k within a month after that
    lost 19k in pandemic
    but it's fun and i'm truly enjoying it

    • @KiranKumar-to3cl
      @KiranKumar-to3cl 3 роки тому

      which platform do you use?

    • @randomhuman1754
      @randomhuman1754 3 роки тому +4

      @@KiranKumar-to3cl Penny Stocks and Currently due to "Pandemic" sticked to blue chips as I don't want to blow my account

    • @alvinmugambi6084
      @alvinmugambi6084 3 роки тому

      Ur enjoing it.. hahaaa what is wrong with you.. while we die here

    • @randomhuman1754
      @randomhuman1754 3 роки тому +2

      @@alvinmugambi6084 what u expect me to do
      Being anxious and depressed
      Or to cry

    • @sharonyohannan5293
      @sharonyohannan5293 3 роки тому +1

      Successful trading is Boring

  • @adamgarcia7302
    @adamgarcia7302 3 роки тому

    What stock trading analysis software do you use? You have lots of good content. Im looking for a good software. Thanks in advance!

  • @CarlosRamirez-zn6vo
    @CarlosRamirez-zn6vo 3 роки тому +1

    I bought 71 stocks from Kodak for 29.40, market reached 60$ that same day, then the next couple days it’s been down as low as 19$. I know i made a big mistake and I should have sold at 60$ but being my first day, I had higher expectations for the next couple days... don’t know why I did. Just felt like I needed to put that out.

  • @simonbrooker812
    @simonbrooker812 3 роки тому

    I’ve heard Steve talk about float rotation in his videos but he never specifically says what the impact is when this happens. So can you, Steve, or someone reading this tell me what influence or outcome or impact on a stock a float rotation does? I assume that a float rotation is demand outdoing supply but what impact does that have on a stock? Does it drive the price up only or down only?

    • @MiguelCardenas-xu2dw
      @MiguelCardenas-xu2dw 3 роки тому +4

      Lets start by the fact that the principle on the Bounce Short strategy or shorting onto a major resistance level, is that there are many people who traded at that level and we know most are buyers and many are still stuck in this level (we call these bag-holders). Now bare with me, float rotation is just the (estimated Volume)/ float and the volume only means the number of shares traded, these can be bought or sold so it is not exactly proportional to the demand outdoing the supply, it is just shares changing hands again and again and again. Now, in a float rotation case the shares changing owners happens so fast and repetitively that now the ones trapped at the resistance level are not that important and wont imply that the price will go down once it hits the resistance level. We know that the maximum number of shares that could be held at this resistance would be equal to the float, and once the volume is so big that the float rotates, the volume at the resistance becomes of less relevance. Hope it helps!

  • @TamilVistina
    @TamilVistina 3 роки тому

    I don't understand how he estimates that the stock will trade between 200-500 million shares on that day? Can someone explain that?

  • @luisjoshua3541
    @luisjoshua3541 3 роки тому +4

    Concluding part, "Be patient, don't rush into a trade.." From the lips of the living legend: Steven Dux

  • @scizor4321
    @scizor4321 3 роки тому

    what games are you playing now a days

  • @canonigo76
    @canonigo76 3 роки тому

    How many red days can go buy before you consider a green day the "first" green day?

    • @ptrades800
      @ptrades800 3 роки тому +1

      When the FGD is significant on the Daily chart

  • @bryantapia3101
    @bryantapia3101 3 роки тому

    What does he mean by rotations?

  • @christophertone9566
    @christophertone9566 3 роки тому

    Are there shy good videos or books to read about reading psychology?

    • @MiguelCardenas-xu2dw
      @MiguelCardenas-xu2dw 3 роки тому

      The Disciplined Trader by Mark Douglas, Momo Traders, Tim Grittany also recommends Day Trading Coach

  • @bigcatfamily4688
    @bigcatfamily4688 3 роки тому

    What is level 2....