What you can learn from this Humbled Traders Podcast: - How to create a profitable trading system? - How to become more consistent? - How to improve your trade executions? - Kris’ opinion on automated trading - And how to overcome a losing streak. Comment your questions down below! Trade with me: bit.ly/yt20230928
Interessante il tuo video vorrei provare a mettere in pratica con WaveDancer, Inc., (NASDAQ: WAVD) ha annunciato oggi di aver ottenuto un contratto triennale da un grande integratore di sistemi per fornire supporto alla modernizzazione di un importante programma finanziario per una grande azienda statunitense. Cliente governativo (USG). La società prevede ricavi totali di 4 milioni di dollari nel corso del periodo di esecuzione del contratto.
WITH NO DOCUMENTATION TO SUPPORT HIS CLAIMS HIS STATEMENTS ARE FALSE. For example, $1 Million In Ordinary Income, if you're single and earn $1 million in taxable income, you'll fall into the highest tax bracket, which is currently 37%. This means that you'll pay 37% in federal income taxes on the portion of your income that exceeds the threshold for the highest tax bracket. Not counting State taxation. Implausible statement to Turned $3K into $1.67Million in 2 Years. Taxes alone take almost half.
WAVD I don't think it can lose forever, sooner or later it will return to adequate figures, if today it reverses course well it will return above the dollar in a flash @@jarnix2
Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.
Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to over $750k.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Rebecca Nassar Dunne’” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Its not systematic trading that gives you success, Its the discipline to stick to that system. I have hardest time staying consistent. Once I overcome I know the growth is unstoppable, its been about 4 years of expensive path for me but I haven't stopped.
You are absolutely right. Success comes from disciplined execution of a system, not just having a system. Sticking to the system can be the most challenging part, but once that obstacle is overcome, the growth is unstoppable. I understand it's a long and expensive road, but your determination to not give up is admirable. Keep up the persistence and discipline and I'm sure you'll reap more success. I wish you all the best!
These Trader Interviews are wonderful. I listen and take notes during each interview. There are some themes that run consistent: Back testing, trading a limited number of strategies, and setting HARD stop losses. No hopium!
Right now, my biggest obstacle is to not let my emotions control me and my second biggest is to not force trades. I’m seeing improvements everywhere else. The secret is to keep going and never give up. Be aware of your weaknesses and turn them into strengths. It’s possible but only if you don’t quit.
I put an order in with about a 70% profit gain. That is 70% of the previous move. Sometimes it will keep going and going, but if I have a buy at 2.20 and sell at 2.35. But it goes to 2.40 or 2.50 Well. I still made money. Every situation is different. Sometimes it’s moving really fast or not.
I loved this podcast! I recognize myself in him, gamer and pragmatic ; and probably always will be a systematic trader. I find price action, supports / resistances way too subjective and imprecise. Did many excel backtests with combinations of indicators, and precise rules of entry, exit, stop losses, but I lack discipline and work to validate strategies (or a least one). Each strategy can be improved over time.
As a gamer I don't think we trade better, but we can probably execute manual trades faster due to our long experience of eye hand coordination and we might also be better at spotting patterns.
This kind of inspired me to go into my systematic trading 100%. I had a bit of a drawdown but i know my system works over time, and i shouldn't be scared of deploying all of my trading capital here.
The guy is crazy, I remember when I used to trade back in 2021 there was a phrase "Verma'd". It used to stand for somebody that blows up really bad. Came from one of his losses of over a million. To be fair, I don't know what kind of mental strength should you have to keep on going after such a thing. So, man, you've got my respect.
As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
I'm getting out of the market with my long term holdings. I think now only swing trading or day trading is safe. Learn the concepts around mean reversion.
Awesome job Shay asking all the right questions. Will you start adopting some of Kris’s strategies being more systematic over discretionary, love that he doesn’t need to prep for the day, and sleep in. What will you change if anything? Sizing on vol., stop loss on wider range, only shorting, no longs? I like both of your thought process and approach when comes to trading. I am trying to reduce my market tuition cost, learning as much as I can before starting trading. Thx
Before I have ever became a profitable trader... I used to flip items on Runescape Grand Exchange and World of Warcraft Auction house. I actually used to sell the gold for real money, this was my first ever trading experience.
I have something profitable to tell you because I know the wisest thought in everyone’s mind today is to invest in different income flows that do not depend on the government , especially with current economic crisis around the world. I guess you should utilize this great opportunity that I’m bringing to your door step
I have something profitable to tell you because I know the wisest thought in everyone’s mind today is to invest in different income flows that do not depend on the government , especially with current economic crisis around the world. I guess you should utilize this great opportunity that I’m bringing to your door step
I have something profitable to tell you because I know the wisest thought in everyone’s mind today is to invest in different income flows that do not depend on the government , especially with current economic crisis around the world. I guess you should utilize this great opportunity that I’m bringing to your door step
I have something profitable to tell you because I know the wisest thought in everyone’s mind today is to invest in different income flows that do not depend on the government , especially with current economic crisis around the world. I guess you should utilize this great opportunity that I’m bringing to your door step
I have something profitable to tell you because I know the wisest thought in everyone’s mind today is to invest in different income flows that do not depend on the government , especially with current economic crisis around the world. I guess you should utilize this great opportunity that I’m bringing to your door step
Very inspirational video H.T. Kris now seasoned pro gave concise detailed information on his trading methods and even a few bad bumps along the way. Big Thumbs UP ! Thank You
His system does work. I've never seen it , but after trading top gainers for years or parabolic stock, I understand the variables he won't discuss, which im aware of. There are times to go bullish on parabolic stocks, like when there is several 100 percent runners on the day. And time to go short and switchgear, volume inflow rate is important , bit so are other factors like low float, short intrest history borrow rate avg volume. I dont prepare either, injust scalpe the hell of top gainers within volitility range . Also, scaling and watching out for manipulation play like Chinese or Isreal stocks . All I can say is , I'm at profit slowly daily over time when top gainers allow it and switch to large tech swing trades when needed. HKD was a manipulated play, Tpst was legit and became a printing machine after it fell 40 percent now it's sfd or Safe green. I love this game ..I use to play overwatch as a Top 200 and a grandmaster
And how are his strats working for him this year. We had 3 years of unprecedented marketed conditions. The thing with systematic trading is it works until it doesn't and when it doesn't it has big draw-downs if your risk management is not 100% on point. It is extremely easy to fall into the trap that thinking if something is working it will continue to work.
I think they key takeaway is the necessity of conviction cuz I think a trade with conviction is one without emotional bias, especially if is rooted in statistical and/or empirical data.
I think it would be good if you include the name of the interviewee in the comment section or in the title or at least somewhere. Maybe also a link to his website or whatever. I think i would be more interested to listen to someone if i know what they are doing or what are their edges.
Thanks for the content. You guys didn't talk about the cost of borrowing . Those expenses could eat up all the profits if he holds positions overnight. Any chance to add this information?
This is a great video - but it would be great if you could do a video talking about how to trade an extensive bear market such as now when most stocks are falling…
This was a bit depressing. I am getting back into trading and you have been my go to and then I hear this and the strategy is 80% successful. Now what do I do? After spending so much time following and studying your methods I feel lost.
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
Im not a hater, but is there anyway to confirm these claims? There are alot of peeps out there that make wild claims but do not back it up liek you do Shay.
Shorting parabolic moves sounds like the stupidest possible thing a trader, especially inexperienced, could do. What happens when you run into a Gamestop? You will run out of money before the market does.
I have something profitable to tell you because I know the wisest thought in everyone’s mind today is to invest in different income flows that do not depend on the government , especially with current economic crisis around the world. I guess you should utilize this great opportunity that I’m bringing to your door step
I have something profitable to tell you because I know the wisest thought in everyone’s mind today is to invest in different income flows that do not depend on the government , especially with current economic crisis around the world. I guess you should utilize this great opportunity that I’m bringing to your door step
I turned 1200 bucks into 12000 in a few months during Covid with Tupperware stock. If I had bought options instead of shared it would have been maybe 50000 or more. I needed to learn options and hopefully will turn what I have left into millions.
I have something profitable to tell you because I know the wisest thought in everyone’s mind today is to invest in different income flows that do not depend on the government , especially with current economic crisis around the world. I guess you should utilize this great opportunity that I’m bringing to your door step I have something profitable to tell you because I know the wisest thought in everyone’s mind today is to invest in different income flows that do not depend on the government , especially with current economic crisis around the world. I guess you should utilize this great opportunity that I’m bringing to your door step
Back testing is the thing! Will be reviewing this one again (as well as the gap up/down video) to work out another set of back testing formulas. Currently trying to get into Schwab after TDA move. Thanks for these videos and constant information. Donate for a Dream
Back testing can show you a lot of false information since market conditions are foward looking. You have to take it with a grain of salt and understand the conditions in which the market was in during the test. People have figured out how to make insane paper gains in back testing but as soon as they implement it for real it falls apart really quickly.
I'm a bit skeptical. @0:44 Looks like a streak of one year stalled for the next 9 months, and then the chart stops (despite there being about two years of data between that chart and this podcast's publication), which also makes me question the start date as well. Is this pure unadulterated 'phantom back-testing' or real-time trading? Also, maybe 'the system' worked under a unique set of market conditions (which just happened to coincide with the COVID crash, and a HUGE market run-up). But the real question is 'does it work now?'
His system sounds very complicated due to the back testing and mathematics applied. I prefer depending on Japanese candlesticks along with classical tech analysis and one or two indicators. Trade the trends, whether up or down. Once you know the probabilities of candle set ups, back testing is not necessary. For instance, a one bar reversal in up or downtrends produces 95 percent wins....A double shooting star produces at least 90 percent wins if they materialize after a tired trend...OS. OB
Regarding Kelly Criterion: Since everyone has an account of a certain size, and there are data that show the probable outcomes of a certain strategy, how DO people decide how much money to place on a given trade? In other words: how does someone even make their very first informed trade WITHOUT such a bet-sizing strategy? What do they do just 'wing it'??
Thanks for the great content Humbled Trader!! Love your podcast and your personality. Question for you and others who read these comments. When you daytrade the same stock multiple times per day or within 30 days, how do you avoid disallowed losses from the wash sale rule? Thanks for any feedback, everyone.
The erosion of my financial reserves due to inflation adds to my concerns. At this point, I'm still at a crossroad regarding whether or not to liquidate my $138k stock portfolio. What’s the best way to take advantage of this current market?
Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.
I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000
Have you heard of "Monica Amanda McClure? She gets featured regularly on CNBC. Everyone in my office works with her including myself. I personally use tax-deferred accounts to hold my investments. That way I avoid capital gains taxes. There are other options your advisor could brief you about.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
To me the only true systematic trades are the ones executed by computer algorithms. If you can't defined your strategy in terms of programmable rules then its essentially discretionary. What he is describing here is a mean reversion strategy. From 18:35 main criteria is short if price goes up by >=+30%, Is that cumulative over a certain period or +30% in one time frame? bet size using kelly critereon, trailing stop etc However, from about 19:11 - 20:08 he starts talking about some aspects of the system that sounds discretionary. This is then a semi automatic system. He turned £3k to $1.3m. But imho if you try to copy him you probably will lose money.
I'm so happy I made productive decisions about my finances that changed forever. I'm a single mother living in Vancouver Canada, bought my first house in October and hoping to retire soon if things keep going smoothly for me.
I have just one simple question. Why someone would give away his winning strategy? Doesn't mean that he will lose his edge if a lot of traders would start using the same strategy?
100%..she didn't even know that he lost 100k before interviewing him...what else don't we know...he's a flashy story for making some quick money for both parties.
Exaclty the same setup I am developing (systematic parabolic reversals). I have way less experience, so it is still a work in progress, am profitable though since april (barely).
I have something profitable to tell you because I know the wisest thought in everyone’s mind today is to invest in different income flows that do not depend on the government , especially with current economic crisis around the world. I guess you should utilize this great opportunity that I’m bringing to your door step
Thank you for this video. For a year now I have been trying this one strategy... I started from 200 eur and now at 3700eur. I add some cash every month, but overall manage to pull 1% gain per week on the total balance. I know that if I am 1.5% per week i can get to the 100 k in 2 years. I thought i was crazy for thinking this but after this video i feel reinspired. I do strugle with the stress when i am aiming to each 1.5% and more. It is awesome to hear you guys talk about how u set up the trades. My question is.... Do you focus on amount of money u get per trade or is your brain recalculating it to percent of the trade?... I am somewhat stuck in how much per trade i should get so i end up having many small ones as i scale up my account. Somehow cannot get rid of this thinking... Lets say i had 10 shares and knew i need 10 eur win.... When i would scale up to 20 shares.... My brain paniced when seeing 10 eur and was closing it. So i end up having 2x 10 shares for better results... Would be cool to hear from experts
I’ve tested lots of strategies. The hardest part is having confidence to trust the early stages. +50% a month doesn’t look like much at first, but with time can still be very profitable. Some people don’t trust back tests because they can’t settle with +50 +60% a month.
How do we know that what these people claim is actually true? Do we have a way to verify their income? No proof, no validation and it may all be complete b.s.
Charles Schwab just merged with tdAmeritrade, and they have the best education videos and most sophisticated trading platforms for free online trading!
*Wow, it's crazy how some people can become multimillionaires by investing just $10K in trading within a few months, while others have to work for 40 years to reach $1M in retirement savings. The power of smart investing, right?*
She is an exceptional financial analyst, her services are reliable and transparent and apart from myself, I have never seen any of her customers complaining about loosing their money.
For me my biggest challenge is my mind. My mother is a psychologist, so it has helped a lot, since i have always worked on becoming more in harmony. I'm also very spiritual.
I have something profitable to tell you because I know the wisest thought in everyone’s mind today is to invest in different income flows that do not depend on the government , especially with current economic crisis around the world. I guess you should utilize this great opportunity that I’m bringing to your door step
What you can learn from this Humbled Traders Podcast:
- How to create a profitable trading system?
- How to become more consistent?
- How to improve your trade executions?
- Kris’ opinion on automated trading
- And how to overcome a losing streak.
Comment your questions down below!
Trade with me: bit.ly/yt20230928
How to improve your trade executions
Interessante il tuo video vorrei provare a mettere in pratica con WaveDancer, Inc., (NASDAQ: WAVD) ha annunciato oggi di aver ottenuto un contratto triennale da un grande integratore di sistemi per fornire supporto alla modernizzazione di un importante programma finanziario per una grande azienda statunitense. Cliente governativo (USG). La società prevede ricavi totali di 4 milioni di dollari nel corso del periodo di esecuzione del contratto.
WITH NO DOCUMENTATION TO SUPPORT HIS CLAIMS HIS STATEMENTS ARE FALSE.
For example, $1 Million In Ordinary Income, if you're single and earn $1 million in taxable income, you'll fall into the highest tax bracket, which is currently 37%. This means that you'll pay 37% in federal income taxes on the portion of your income that exceeds the threshold for the highest tax bracket. Not counting State taxation. Implausible statement to Turned $3K into $1.67Million in 2 Years. Taxes alone take almost half.
You're the only one believing her
WAVD I don't think it can lose forever, sooner or later it will return to adequate figures, if today it reverses course well it will return above the dollar in a flash
@@jarnix2
Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.
Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to over $750k.
who do you use?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Rebecca Nassar Dunne’” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
Its not systematic trading that gives you success, Its the discipline to stick to that system. I have hardest time staying consistent. Once I overcome I know the growth is unstoppable, its been about 4 years of expensive path for me but I haven't stopped.
So I mean not giving up get you here. Discipline just just part of trading, but not giving up is more important
For sure!
You are absolutely right. Success comes from disciplined execution of a system, not just having a system. Sticking to the system can be the most challenging part, but once that obstacle is overcome, the growth is unstoppable. I understand it's a long and expensive road, but your determination to not give up is admirable. Keep up the persistence and discipline and I'm sure you'll reap more success. I wish you all the best!
So you are losing still money after 4 years?
Success is very near :)
2:30 Market tuition
4:30 Shorting parabolic moves
13:00 Volume
34:10 Pharmacist
36:40 Profitable in 2019
Yes, that's right.
A question: Can you recommend a good AI for trading?
The top AI trading tool is named
aicollegema
I located it via
These Trader Interviews are wonderful. I listen and take notes during each interview. There are some themes that run consistent: Back testing, trading a limited number of strategies, and setting HARD stop losses. No hopium!
Embark on your trading journey with the finest AI course for beginners.
Follow the @
be my gf please
Yes and trading overextended market. Not all this BS with fibonacci and smart money trading.
Right now, my biggest obstacle is to not let my emotions control me and my second biggest is to not force trades. I’m seeing improvements everywhere else. The secret is to keep going and never give up. Be aware of your weaknesses and turn them into strengths. It’s possible but only if you don’t quit.
"Scared money doesn't make money" that's hits me❤
I’m the best virtual portfolio trader. 😂 With real money, completely different story. 😂
Link :)
Embark on your trading journey with the finest AI course for beginners.
Follow the @
I put an order in with about a 70% profit gain. That is 70% of the previous move. Sometimes it will keep going and going, but if I have a buy at 2.20 and sell at 2.35. But it goes to 2.40 or 2.50 Well. I still made money.
Every situation is different. Sometimes it’s moving really fast or not.
I loved this podcast!
I recognize myself in him, gamer and pragmatic ; and probably always will be a systematic trader.
I find price action, supports / resistances way too subjective and imprecise.
Did many excel backtests with combinations of indicators, and precise rules of entry, exit, stop losses, but I lack discipline and work to validate strategies (or a least one). Each strategy can be improved over time.
As a gamer I don't think we trade better, but we can probably execute manual trades faster due to our long experience of eye hand coordination and we might also be better at spotting patterns.
Excellent comment. Totally agree and true in my experience
This kind of inspired me to go into my systematic trading 100%. I had a bit of a drawdown but i know my system works over time, and i shouldn't be scared of deploying all of my trading capital here.
He seems so calm and relaxed. You can tell he was born to make bets and trade 😅
The guy is crazy, I remember when I used to trade back in 2021 there was a phrase "Verma'd". It used to stand for somebody that blows up really bad. Came from one of his losses of over a million. To be fair, I don't know what kind of mental strength should you have to keep on going after such a thing. So, man, you've got my respect.
As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
I'm getting out of the market with my long term holdings. I think now only swing trading or day trading is safe. Learn the concepts around mean reversion.
Dont buy now market is overvalued, use your time to pick only best of best companies and hold for years.
Awesome job Shay asking all the right questions. Will you start adopting some of Kris’s strategies being more systematic over discretionary, love that he doesn’t need to prep for the day, and sleep in. What will you change if anything? Sizing on vol., stop loss on wider range, only shorting, no longs? I like both of your thought process and approach when comes to trading. I am trying to reduce my market tuition cost, learning as much as I can before starting trading. Thx
Just theoretical knowledge won't reduce your tuition costs. Trading actually teaches you the real taste of markets where your emotions are involved.
Before I have ever became a profitable trader... I used to flip items on Runescape Grand Exchange and World of Warcraft Auction house. I actually used to sell the gold for real money, this was my first ever trading experience.
hard to truly gauge the consistency. alot of people made money since 2020 huge swings in the market. time will tell. great videos!!
He said “We” a lot. He didn’t mention his team a lot but I can tell he has one.
People generally use "we" when they want to stay humble, he probably trade alone or share his ideas with others.
Love these episodes. Please continue!
I have something profitable to tell you because I know the wisest thought in everyone’s mind today is to invest in different income flows that do not depend on the government , especially with current economic crisis around the world. I guess you should utilize this great opportunity that I’m bringing to your door step
+1337
915
7620
I believe in the Humbled Trader. She is honest, factual and makes great lesson videos. I wish her heaven on earth.
Cheers thanks for watching
I have something profitable to tell you because I know the wisest thought in everyone’s mind today is to invest in different income flows that do not depend on the government , especially with current economic crisis around the world. I guess you should utilize this great opportunity that I’m bringing to your door step
337
915
7620 USA
this is going to hit 1M+ views for sure!
Cheers thanks for watching
I have something profitable to tell you because I know the wisest thought in everyone’s mind today is to invest in different income flows that do not depend on the government , especially with current economic crisis around the world. I guess you should utilize this great opportunity that I’m bringing to your door step
+1337
915
7620
Good questions & concise answers! Best interview I’ve seen Kris do
🙌
I have something profitable to tell you because I know the wisest thought in everyone’s mind today is to invest in different income flows that do not depend on the government , especially with current economic crisis around the world. I guess you should utilize this great opportunity that I’m bringing to your door step
+1337
915
7620
been away for a while. Nice to come back to some new content. Awesome podcast! Very good job.
I've noticed that the best traders have a very calm and relaxed voice and demeanor. Coincidence? Perhaps not. 💰
right. im going to enroll in voice lessons this week to become successful
I have something profitable to tell you because I know the wisest thought in everyone’s mind today is to invest in different income flows that do not depend on the government , especially with current economic crisis around the world. I guess you should utilize this great opportunity that I’m bringing to your door step
+1337
915
7620
These interviews are awesome, thank you for bringing them.
Very inspirational video H.T. Kris now seasoned pro gave concise detailed information on his trading methods and even a few bad bumps along the way. Big Thumbs UP ! Thank You
She's more as nik
Wouldn't call him a seasoned pro at all.
@@corail53 nikolas
His system does work. I've never seen it , but after trading top gainers for years or parabolic stock, I understand the variables he won't discuss, which im aware of. There are times to go bullish on parabolic stocks, like when there is several 100 percent runners on the day. And time to go short and switchgear, volume inflow rate is important , bit so are other factors like low float, short intrest history borrow rate avg volume. I dont prepare either, injust scalpe the hell of top gainers within volitility range . Also, scaling and watching out for manipulation play like Chinese or Isreal stocks . All I can say is , I'm at profit slowly daily over time when top gainers allow it and switch to large tech swing trades when needed. HKD was a manipulated play, Tpst was legit and became a printing machine after it fell 40 percent now it's sfd or Safe green. I love this game ..I use to play overwatch as a Top 200 and a grandmaster
And how are his strats working for him this year. We had 3 years of unprecedented marketed conditions. The thing with systematic trading is it works until it doesn't and when it doesn't it has big draw-downs if your risk management is not 100% on point. It is extremely easy to fall into the trap that thinking if something is working it will continue to work.
Good comment lol
Especially if he lets the stock run up to 20-30% against him.
Still working very well just less tickers per day instead of 10-30 it's 2-10
I think they key takeaway is the necessity of conviction cuz I think a trade with conviction is one without emotional bias, especially if is rooted in statistical and/or empirical data.
I made $5 from a $1 scratch off...WINNING
congrats lol
Now repeat that over a series of scratch offs.
I got two numbers and the powerball number once! 3 little ping pong balls away from $1 billion. They gave me 8$.
@@russellschaeffler I almost got lucky when I got all the numbers but not in the sequence that they were drawn 😭so I throw it away
I think it would be good if you include the name of the interviewee in the comment section or in the title or at least somewhere. Maybe also a link to his website or whatever. I think i would be more interested to listen to someone if i know what they are doing or what are their edges.
Thanks for the content. You guys didn't talk about the cost of borrowing . Those expenses could eat up all the profits if he holds positions overnight. Any chance to add this information?
If you look at his broker statements on his website, it says he never held a postion overnight. Closed his trades everyday.
Great educational video from pros! Thx!
Glad you enjoyed it!
Its interesting that he was unprofitable until the "Covid run", it makes you wonder how sustainable his strategy is.
Thank you Beautiful Shay and all that you do. I know have a new target in the next 2 years.
You are so welcome
Yeah but kinda weird they show screenshots of trading platforms but then when they show cumulative PL it looks like a homemade powerpoint slide.
There's no reason to doubt, but do you ever check the credentials and accounts of your guests?
yes we do in depth research and prep work. also i've followed Kris for a long time as well
This is a great video - but it would be great if you could do a video talking about how to trade an extensive bear market such as now when most stocks are falling…
🎉🎉🎉 all thanks nik
That was awesome Shay ! As I've said: I don't trade stocks only futures but I enjoyed this. NEVER STOP LEARNING !
Ya never stop learning as you keep on living
Why only futures?
This was a bit depressing. I am getting back into trading and you have been my go to and then I hear this and the strategy is 80% successful. Now what do I do? After spending so much time following and studying your methods I feel lost.
There isn't any one way to trade. Find the best one for you!
See my post.
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
Awesome content. Thank you
Im not a hater, but is there anyway to confirm these claims? There are alot of peeps out there that make wild claims but do not back it up liek you do Shay.
Keep an 👀 on him and discovert it your self
Important question. Should have been addressed.
Learn a lot from this episodes
Shorting parabolic moves sounds like the stupidest possible thing a trader, especially inexperienced, could do. What happens when you run into a Gamestop? You will run out of money before the market does.
that’s why you have a stop
Great interview!
Damn I really like this guys approach, great interview
I have something profitable to tell you because I know the wisest thought in everyone’s mind today is to invest in different income flows that do not depend on the government , especially with current economic crisis around the world. I guess you should utilize this great opportunity that I’m bringing to your door step
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Whats
These videos of yours are so nice to watch. I really enjoy them ❤
I like the soundtrack. It’s like an 80’s action movie or something
Really really love The HT podcast. Thank you 🎉
More exciting podcasts in October!
I have something profitable to tell you because I know the wisest thought in everyone’s mind today is to invest in different income flows that do not depend on the government , especially with current economic crisis around the world. I guess you should utilize this great opportunity that I’m bringing to your door step
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How can we iNVEST?
Thank you both for the insides.
Our pleasure!
I turned 1200 bucks into 12000 in a few months during Covid with Tupperware stock. If I had bought options instead of shared it would have been maybe 50000 or more. I needed to learn options and hopefully will turn what I have left into millions.
I have something profitable to tell you because I know the wisest thought in everyone’s mind today is to invest in different income flows that do not depend on the government , especially with current economic crisis around the world. I guess you should utilize this great opportunity that I’m bringing to your door step I have something profitable to tell you because I know the wisest thought in everyone’s mind today is to invest in different income flows that do not depend on the government , especially with current economic crisis around the world. I guess you should utilize this great opportunity that I’m bringing to your door step
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@@lindatrey1301 what does this mean
Thank you for a great show👋
Day trader who turned $3k into $0 in one week standing in the way of parabolic moves: 99% of traders who started with only $3k.
You are the only person i can actully understsnd chinese when ur speaking english
She is Canadian.
Back testing is the thing! Will be reviewing this one again (as well as the gap up/down video) to work out another set of back testing formulas. Currently trying to get into Schwab after TDA move. Thanks for these videos and constant information.
Donate for a Dream
Back testing can show you a lot of false information since market conditions are foward looking. You have to take it with a grain of salt and understand the conditions in which the market was in during the test. People have figured out how to make insane paper gains in back testing but as soon as they implement it for real it falls apart really quickly.
I love all these interviews of the pro-traders. helps so much!
Haha starting line.. 'i read on twitter your successful' 😂.. Love the journalism! We trust in twitter 🎉
Well, that was a very interesting video. Thanks for doing it. My biggest problem is setting the stop too tight. I am working on being braver ;-)
Needed to hear this ty
Thanks, Great interview.
I'm a bit skeptical.
@0:44
Looks like a streak of one year stalled for the next 9 months, and then the chart stops (despite there being about two years of data between that chart and this podcast's publication), which also makes me question the start date as well.
Is this pure unadulterated 'phantom back-testing' or real-time trading?
Also, maybe 'the system' worked under a unique set of market conditions (which just happened to coincide with the COVID crash, and a HUGE market run-up). But the real question is 'does it work now?'
Ofc it doesn't work
His system sounds very complicated due to the back testing and mathematics applied. I prefer depending on Japanese candlesticks along with classical tech analysis and one or two indicators. Trade the trends, whether up or down. Once you know the probabilities of candle set ups, back testing is not necessary. For instance, a one bar reversal in up or downtrends produces 95 percent wins....A double shooting star produces at least 90 percent wins if they materialize after a tired trend...OS. OB
Many Thanks to you both😊
Regarding Kelly Criterion: Since everyone has an account of a certain size, and there are data that show the probable outcomes of a certain strategy, how DO people decide how much money to place on a given trade? In other words: how does someone even make their very first informed trade WITHOUT such a bet-sizing strategy? What do they do just 'wing it'??
great show thank you Shay
Thanks very much Madame for all the interesting ITW 🙏🏻
I wish you only good things ✨✨
Thanks for the great content Humbled Trader!! Love your podcast and your personality. Question for you and others who read these comments. When you daytrade the same stock multiple times per day or within 30 days, how do you avoid disallowed losses from the wash sale rule? Thanks for any feedback, everyone.
The cannabis etf, MSOS is trading like clockwork for the last month--up until midday and then back down again
Thanks Shay, your an inspiration ❤
The erosion of my financial reserves due to inflation adds to my concerns. At this point, I'm still at a crossroad regarding whether or not to liquidate my $138k stock portfolio. What’s the best way to take advantage of this current market?
Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.
I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000
@@Bobhenry-c7z Thanks for this amazing tips, I found her webpage and booked a call session with her, she seems proficient.
Have you heard of "Monica Amanda McClure? She gets featured regularly on CNBC. Everyone in my office works with her including myself. I personally use tax-deferred accounts to hold my investments. That way I avoid capital gains taxes. There are other options your advisor could brief you about.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
To me the only true systematic trades are the ones executed by computer algorithms. If you can't defined your strategy in terms of programmable rules then its essentially discretionary. What he is describing here is a mean reversion strategy. From
18:35 main criteria is short if price goes up by >=+30%, Is that cumulative over a certain period or +30% in one time frame?
bet size using kelly critereon, trailing stop etc However, from about 19:11 - 20:08 he starts talking about some aspects of the system that sounds discretionary. This is then a semi automatic system. He turned £3k to $1.3m. But imho if you try to copy him you probably will lose money.
This is motivating. Thank you for sharing this amount of information
I'm so happy I made productive decisions about my finances that changed forever. I'm a single mother living in Vancouver Canada, bought my first house in October and hoping to retire soon if things keep going smoothly for me.
All you need is Niko to help you
I have just one simple question. Why someone would give away his winning strategy? Doesn't mean that he will lose his edge if a lot of traders would start using the same strategy?
He really didn’t discover much.. Devil is in details.. and even if he would teach you his strategy your most entries would differ.. at least in timing
no strategy or system can secure a 100%. loss is inevitable at all
@@vladislaviy 100% agree with you
Ok, i get the point. Thank you guys
THE ONLY PEOPLE WHO GET RICHER WITH THESE POSTS ARE THIS KRIS GUY & THIS SHAY WOMAN, NOT FROM TRADING - BUT FROM SELLING MEMBERSHIPS.
100%..she didn't even know that he lost 100k before interviewing him...what else don't we know...he's a flashy story for making some quick money for both parties.
Exaclty the same setup I am developing (systematic parabolic reversals). I have way less experience, so it is still a work in progress, am profitable though since april (barely).
💪
I have something profitable to tell you because I know the wisest thought in everyone’s mind today is to invest in different income flows that do not depend on the government , especially with current economic crisis around the world. I guess you should utilize this great opportunity that I’m bringing to your door step
+1337
915
7620
Thank you for this video. For a year now I have been trying this one strategy... I started from 200 eur and now at 3700eur. I add some cash every month, but overall manage to pull 1% gain per week on the total balance. I know that if I am 1.5% per week i can get to the 100 k in 2 years. I thought i was crazy for thinking this but after this video i feel reinspired. I do strugle with the stress when i am aiming to each 1.5% and more. It is awesome to hear you guys talk about how u set up the trades. My question is.... Do you focus on amount of money u get per trade or is your brain recalculating it to percent of the trade?... I am somewhat stuck in how much per trade i should get so i end up having many small ones as i scale up my account. Somehow cannot get rid of this thinking... Lets say i had 10 shares and knew i need 10 eur win.... When i would scale up to 20 shares.... My brain paniced when seeing 10 eur and was closing it. So i end up having 2x 10 shares for better results... Would be cool to hear from experts
I’ve tested lots of strategies. The hardest part is having confidence to trust the early stages. +50% a month doesn’t look like much at first, but with time can still be very profitable.
Some people don’t trust back tests because they can’t settle with +50 +60% a month.
Very good interview/discussion
Thanks for listening!
Am I missing it, he says wait for 2-3 years of consistency and the proceed to quit after 6 months of profitable ???
Good to see Kelly criterion been mentioned in this interview
There are many methods out there that make money. The question is always, can you execute and remove 'you' from the equation?
I don't believe this guy sick of these stories without P n L to back it up
How do we know that what these people claim is actually true? Do we have a way to verify their income? No proof, no validation and it may all be complete b.s.
Hire a private investigator. send me 1000 and ill give you the answer.
Wow this is one of the million traders who succeed reach 1M from less then 10k!
Would be great if you shared which trading platform/ exchange they recommend using, as most of them brokers are scammers 😮
Charles Schwab just merged with tdAmeritrade, and they have the best education videos and most sophisticated trading platforms for free online trading!
I guess everyone was a genius between 2020 and 2021 trading years. Want to see how many of these guys have not performed the same since 2021.
awesome interview
start back testing my strategy is the key and tune it for the best results thanks the hole team love U shay
After watch his experience losing on trading mine is nothing I thought I'm the only one 😅😅😅thanks for the video I wish I will be successful trader ❤❤
Impressive…and almost believable.
I noticed how they would hold back info even those who sells courses 😂 learning on your own way to go!
yeah they talk for hours and always say very general stuff
Loved this video
*Wow, it's crazy how some people can become multimillionaires by investing just $10K in trading within a few months, while others have to work for 40 years to reach $1M in retirement savings. The power of smart investing, right?*
The thing about being successful is working towards it smartly and not just talking about it
I've been trying to trade but I keep making losses and it's frustrating
I have been seeing so many recommendations about VICTORIA K
WALTER, she must be really good
who is this Victoria Walter
Anyone ??
She is an exceptional financial analyst,
her services are reliable and transparent and apart from myself, I have never seen any of her customers complaining about loosing their money.
Wow this is extremely impressive.
For me my biggest challenge is my mind. My mother is a psychologist, so it has helped a lot, since i have always worked on becoming more in harmony. I'm also very spiritual.
I have something profitable to tell you because I know the wisest thought in everyone’s mind today is to invest in different income flows that do not depend on the government , especially with current economic crisis around the world. I guess you should utilize this great opportunity that I’m bringing to your door step
+1337
915
7620
What’s
Key takeaway is people that have the money already make better traders. Wish we could have more interviews with real-world subjects.
Outstanding!
good timing in to the marker is very important. if anyone bought meta or Nvidia back Oct 2022, now it is worth 3 times
thank you