Man I need the "When will the insanity stop" portion of the lecture. It actually makes me a better trader than the main topic. 😁 After knowing most of the technicals and having your own strategy that you can consistently follow all you need is someone yelling at you to stick to your plan or end up broke and miserable.
Thanks for the video. It clarified all of questions related to order management which is the most underestimated skill but very important for the traders
Since I started trading, it was most of the time market orders for me, not understanding the other order options that exist for trading. Thank you for your thorough explanation, and yes, I am someone who stares for hours at my screen, and as you mentioned, many times I sell too soon!. I hope I will start getting myself more disciplined now that things are clearer to me. You are so generous in your videos. Thank you.
Thanks Jared, big fan of your videos, working my way through them and will be re-watching most. Also liking the Mclaren top, must be rare, didn't they only race with the Gulf livery at Monaco a couple of years ago.
I think I saw you twice today. I was over at New York Pizza Dept and thought I saw you in a white Corvette. And then I had to deliver to McLaren and saw the Vette parked there
Great video! Could you make another video as an add-on to this one that shows how to enter an order to buy/sell an option when the stock hits a certain price?
This video answered a question I've been trying to get answered for too long; the setting of the entry limit. Your 10-20% of SL rule is as clear as can be. Have to do some back testing, but I'm thinking that should cure the few skips I still get. Much appreciated, Jared. PS- I miss When will the insanity stop. Maybe consider doing a WWTIS video every XX weeks/months that showcases 4, 5, 6... examples of insanity?
Best trading Vids Iv'e seen on the Net by far as usual! Am wondering if you ever place horizontal pivot lines on your pre-market chart picks to know when to get in or out? Or do you always pick stocks with lots of pivot-free room to run for your 2R?
Can someone help me out with a basic question? Does he add the extra 'room' to the ask or to the bid price, if he wants to get into the trade ASAP. Brilliant practical video BTW.
Neither. If your 'intended' entry is $120, with a $1 stop loss, then your order will start at $120 and go up to $120.20. That's it. Don't worry about the bid or ask. That's the whole point of giving it room!
In furtherance of my comment below on lines for pivots, it would be nice if you showed examples of pivots that are a bit too small to consider, & extended hours pivots that are also a bit to small to consider, where do you not draw the horizontal line.
I find the idea of setting a stop on a buy order under the current market price... I see the logic in this practice but it seems counter intuitive... Any chance you could go a little deeper into this for us newbies
Hey Jared, just watched your video from a bit ago regarding indicators and how you don't need them. Typically, I'll use indicators to locate stocks and then make my determination using the sticks. One thing I really wanted to know is beyond the open, what kind of scanner setup do you have to look for potential trades 30-45mins into the day, or do you only trade high-volume stocks off the open?
How is this helpful for rapid momentum trades that you need to get into quickly but haven't considered a specific price? By the time you start typing your specified price it's already moved. I don't want to think about that, I just want to get into a trade and focus on price action. I've been using market orders, which I know are garbage but are Instant as I focus on the chart. I want something better though what should I do?
A lot of this is only applicable for large accounts trading tens of thousands of dollars per trade. On smaller accounts trading 2.5k per trade there's never going to be an instance of not being filled, Unless of course the volume is extremely low, But if the volume is that low you're not going to see any moves in either direction anytime soon.
Incorrect. If you try to buy even 1 or 5 shares of a stock that has a 30 cent spread and you only give it 1 cent of room to get filled you will very likely get skipped.
Does anyone have any success with the LiveTraders program? I've never met anyone that actually makes a living daytrading long-term. Sure, they get lucky for a bit, but I've never found someone who does this year in and year out. Anyone?
Got to find your own groove and what you are comfortable/tolerable with. That takes years. Warren and Charlie don't day trade. They have been at this longer than any other. Look at today's charts at 10:15 and 10:16. That is not day traders doing that.
We the Free Men of the Realm are Indebted to you Jared
My three favorite channels: Live Traders, Stock Brotha, & Zip Trader. Make my week complete!
Jared, you are by far the best mentor a person can learn from. Your work here does not go unnoticed. Thank you
Glad to see no more "when will the insanity stop" segments.
This is a TOP 3 lecture. One of the MOST important ones you've done. Thank you VERY much for this and for keeping doing these lectures.
Man I need the "When will the insanity stop" portion of the lecture. It actually makes me a better trader than the main topic. 😁 After knowing most of the technicals and having your own strategy that you can consistently follow all you need is someone yelling at you to stick to your plan or end up broke and miserable.
Kudo's from Belgium!!!! Love all your video's
Thanks from breaking down the difference between using a Stop Limit Order and Limit Order for Entries.
Thank you Jared.
Another amazing video.
I like your short straight to the point videos now.
Thank you! This is valuable actionable information!
Valuable video on execution of trades.
Thanks for the video. It clarified all of questions related to order management which is the most underestimated skill but very important for the traders
This channal is pure gold. Thanks for giving us your time and knowledge Jared. You're the real MVP 🙏
Lecture is pure gold, but the music at the end of each video is on the next level. I wonder where I can find the soundtrack. Thanks Jared & co
another great lecture! appreciated.
U are 10000000% Correct.... I follow u all the time
👊
This is an exceptionally good explanation of order types and when to use them.
Love your videos! More educational and less hype. Learned a lot from you! Just now learning how to place brackets to manage my risk tolerance.
So clear and precise. And super essential to every traders. Thank you very much Jared.
Another great video!!! I learn so much!!!
Since I started trading, it was most of the time market orders for me, not understanding the other order options that exist for trading. Thank you for your thorough explanation, and yes, I am someone who stares for hours at my screen, and as you mentioned, many times I sell too soon!. I hope I will start getting myself more disciplined now that things are clearer to me. You are so generous in your videos. Thank you.
Thanks for all that you do !!!
Always great! Thank you so much for sharing your knowledge and expertise!
Thanks for your sharing!
Great video to learn the order types. Thank you.
Great video. Thank you so much
Huge help. Thank you! Agreed, such an underrated topic.
Thanks for the info you are very good teacher
Hey Jared...I suggest the topic: Ghost patterns, the disease of seeing unreal patterns... I am fighting against that behavior
Excellent thank you
thanks for this lecture i love your videos
Amazing content! Going to have to watch this one a few times to take it all in. Thanks, Jared. 💙
Thanks Jared, big fan of your videos, working my way through them and will be re-watching most. Also liking the Mclaren top, must be rare, didn't they only race with the Gulf livery at Monaco a couple of years ago.
Nice vid man!
GREAT LEACTURE
Jared is the best!
Great explanations.
Great video as always. I am a swing trader… I’m trying to fine tune, trailing, stop losses. Keep up the great work!
OSO and OCO are powerful tools I use them frequently. Set it and forget it.
Great video
This is Gold!
I think I saw you twice today. I was over at New York Pizza Dept and thought I saw you in a white Corvette. And then I had to deliver to McLaren and saw the Vette parked there
Thanks Jared >8-D
Great video! Could you make another video as an add-on to this one that shows how to enter an order to buy/sell an option when the stock hits a certain price?
Great explanation, thank you very much
This video answered a question I've been trying to get answered for too long; the setting of the entry limit. Your 10-20% of SL rule is as clear as can be. Have to do some back testing, but I'm thinking that should cure the few skips I still get. Much appreciated, Jared. PS- I miss When will the insanity stop. Maybe consider doing a WWTIS video every XX weeks/months that showcases 4, 5, 6... examples of insanity?
Best trading Vids Iv'e seen on the Net by far as usual! Am wondering if you ever place horizontal pivot lines on your pre-market chart picks to know when to get in or out? Or do you always pick stocks with lots of pivot-free room to run for your 2R?
Can someone help me out with a basic question? Does he add the extra 'room' to the ask or to the bid price, if he wants to get into the trade ASAP. Brilliant practical video BTW.
Neither. If your 'intended' entry is $120, with a $1 stop loss, then your order will start at $120 and go up to $120.20. That's it. Don't worry about the bid or ask. That's the whole point of giving it room!
Thank you so much, for clearing that up!
In furtherance of my comment below on lines for pivots, it would be nice if you showed examples of pivots that are a bit too small to consider, & extended hours pivots that are also a bit to small to consider, where do you not draw the horizontal line.
Jared "The truth" Westley. The only one you need to follow if you want to trade for 30 minutes and golf for the rest of the day.
Can't golf in the winter time!
What about a Trailing Stop Loss Order?
There's nothing wrong with that...use a bracket order for those...
I find the idea of setting a stop on a buy order under the current market price... I see the logic in this practice but it seems counter intuitive... Any chance you could go a little deeper into this for us newbies
Hey Jared, just watched your video from a bit ago regarding indicators and how you don't need them. Typically, I'll use indicators to locate stocks and then make my determination using the sticks. One thing I really wanted to know is beyond the open, what kind of scanner setup do you have to look for potential trades 30-45mins into the day, or do you only trade high-volume stocks off the open?
💪💪💪
👍🔥
Which trading platform is he using?
I think it’s TradeStation.
🔥
Etrade only let's me put 1 order in per stock....I can't have target and stop in at same time???
How is this helpful for rapid momentum trades that you need to get into quickly but haven't considered a specific price? By the time you start typing your specified price it's already moved. I don't want to think about that, I just want to get into a trade and focus on price action. I've been using market orders, which I know are garbage but are Instant as I focus on the chart. I want something better though what should I do?
Jared took an $0.86 loss to put out this video 😭 people's champ
LOL.🤣
❤
$10000000 lecture
A lot of this is only applicable for large accounts trading tens of thousands of dollars per trade. On smaller accounts trading 2.5k per trade there's never going to be an instance of not being filled, Unless of course the volume is extremely low, But if the volume is that low you're not going to see any moves in either direction anytime soon.
Incorrect. If you try to buy even 1 or 5 shares of a stock that has a 30 cent spread and you only give it 1 cent of room to get filled you will very likely get skipped.
Mannnnn respectfully a 20 percent stop loss is going to get hit.
Does anyone have any success with the LiveTraders program? I've never met anyone that actually makes a living daytrading long-term. Sure, they get lucky for a bit, but I've never found someone who does this year in and year out. Anyone?
Apparently, you are not looking in the right places.
Got to find your own groove and what you are comfortable/tolerable with. That takes years. Warren and Charlie don't day trade. They have been at this longer than any other. Look at today's charts at 10:15 and 10:16. That is not day traders doing that.