Pro Day Trader vs. Amateur Head-to-Head CHALLENGE | Carmine Rosato
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- Опубліковано 28 вер 2024
- Check out Carmine's UA-cam: @carmine_rosato
Check out Carmine's Website: investitrade.net
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DISCLAIMER: I am not a financial advisor. The content of this video is for entertainment purposes only and does not give any recommendation to buy or sell any security. Investments of any type involve risk. These videos are meant to document my experiences and do not provide any guarantee of gains or losses in any investment.
Very challenging two weeks but fun nevertheless !
Let's do it again when conditions become much clearer! Happy with the outcome and happy to see you starting to see consistent results through tons of screentime!
this was fun - thanks for being a part of it!
@@DanielInskeep Great job sticking through! keep it up
What is the rithmic chart you are using ??
WHAT it means "when conditions become much clearer !" ?
@@vratar3104The last week or two has been stuck in a trading range where bulls and bears are pushing hard to control the price, so it doesn't have a clear direction. See the long wicks on the one minute candles? It's very hard to trade in these conditions. Daniel was using a 5 minute chart at one point to get a clearer picture, but it's still just trying to hit your stop loss constantly.
You guys did great. Excellent editing as well. Just a few recommendations for future challenges. It would be nice if your opponent was showing a live P&L. Also for anyone who missed it Daniel was playing 1-2 contracts(500-1000 shares) and Carmine's chart showed 15 contacts(7,500 shares) per entry. Anyone playing over 10x the size should be able to 10x the other person. If Daniel had used equal sizing he would have made close to 30k and won. Also for context, Carmine caught the equivalent of just over 3 dollars worth of SPY movement in 2 weeks or 30 cents per day(average) using 7500 shares. Props to him for building up that much size tolerance and being quick to take stops because most know one emotionally bad day of trading with that size and you wreck weeks and even months of profit. Most people will be way more comfortable passing 10 prop firm challenges with someone like APEX and then trade copying across the accounts with a 50-200 dollar per day target. It is a lot easier and safer doing this to make 500-2000 a day with 3-5 MES and MQN contracts rather than one account with 3-5 ES or NQ contracts but to each his own. I look forward to the next video Sir.
Great analysis man. I couldnt agree more with your take on spreading the risk/sizing across accounts. I only figured that out a few months ago and its been the best decision ive ever made. The important thing to realize is, small gains add up! People go for 500-1000 a day, then end up blowing accounts left and right. Doing the math on 50-100 a day over a couple months can be huge!
Yup,, thats a good break down of what went on..
Yes but from what I can see their trading strategies are also different: one was risking 2pts on es, one was risking like 10 on the nq so you wouldn't always trade the same number of contracts depending on your strategy. like if you were trading the h4 you would put less contracts and expect more movement than the 1min
You are correct Sir. The strategies were somewhat different but I was speaking more on the challenge aspect. For example, if I challenged you to a 1/4 mile race and I had a V8 Hellcat and you had a V4 Honda Accord needless to say no matter what your racing strategy is it wouldn't be a challenge. Carmine was using the V8 of leverage while Daniel was using the 4 banger. Granted the 4-cylinder will get you where you are going safer but in a quick challenge it has no hope against the size of the V8 unless the V8 just wrecks bad. @@konstantinDgospodinov. A fair challenge for these situations is capped size because one of the ignored contexts for traders who love to share profits is the size they used and how much of a move they caught in SPY dollar terms. Carmine and Daniel both grabbed right around 3 dollars worth of SPY profit over 10 days. Another way to break it down is they both averaged 30 cents of SPY profit per day which to be honest can be picked up with most strategies on the internet with proper risk management. To share a trading nugget in my opinion most futures traders will be way more successful if they learn to trade ES/NQ primarily off of SPY levels. If your goal is precision in your trading the SPY is night and day more precise. I can easily prove that in 5 minutes of chart comparison. Hopefully, ones like Carmine catch on to that at some point because it will make catching his 30 cents per day in profit a lot easier for him.
Carmines daily P/L was way more consistent than Daniels
i like the break even rule for the 20 points but if i can give a little hint do not use a fix number to define a break even time. instead use a ratio comparated to your loss. 20 points can be a lot for one trade or can be really little. in my scenario example i look for 2/1 risk reward. i would move my stop loss in break even at 1/1...
Carmines knowledge about trading is impressive and you're no rookie anymore Daniel. Keep up the work!
lol
This was fun to watch. Especially with the live commentary and thought process.
The way you make your videos the editing the quality of the sound is absolutely amazing
I looove your videos
Daniel, one of the best video's I have watch on trading futures in a long, long time! Very familiar with Carmine Rosato and your channel. What I really liked, you two going head to head, and getting to hear what you two were thinking and struggling with on each trade. Learned a lot from both your commentary and Carmine's. Thanks!
I love this battle content, what a great idea!
My journey of trading futures started with your video with TBM and so far I consider it one of the top 5 best thing I did with my life. I truly hope someone else will watch this new updated version and start his/her journey as funded trader. Thank you Daniel!
that is amazing to hear. glad you are happy with your decision to enter into futures trading.
Can't wait to watch this after my work out👍
Massive improvement from the challenge with Matt over 2 years ago!
Daniel your progress since you started this journey has been nothing short of impressive. Nicely done!
thank you!
*How you liking the footprint charts?*
not the best at reading it yet - i think i prefer a heatmap.
Piease ask him to show long term broker statements, just to you , not general public .
i really love this type of videos and the quality and attention u put into making them. Also been watching most of ur videos, the progress is just huge. keep up ur really going in the right direction.
I have the same problem, too many shorts, not enough longs. I feel your pain. I'm working on it too.
its great to see how much better, more comfortable and confident you have become in your trading, its really inspirational.
thank you 🙏
For the next challenge you should set the winning conditions in points based as opposed to dollar value as i thought that Carmine was more leveraged than you were, makes for a more interesting and levelled playing field, love the head to head challenges! Great work to both traders :)
I think looking into the concept of liquidity would help you more than volume. I don’t wanna sound like an ict fanboy but ict is a pretty good teacher on this, there are also a lot of guys who summarize ict stuff. I also think carmine’s edge is mostly due to his experience and psychology. He manages his trades really well with no hesitations, was very fun to see.
Please do more of these.
Great vid dude, can’t speak in carmine since I’ve heard some negative stuff, but since that’s someone you look up to, great job being able to go head to head, I haven’t finished yet but so far based on you getting stopped out see if you like moving your SL to the lows that were created in the move and only moving it every time there’s a new high or low created that would’ve saved you at least the first two trade sessions where you got stopped out and it’s a price action strategy
3:20 what happened to the rectangular zone? 😂 got poked
Your evolution comparing with the challenge against TBM is clear to me.
Hope to see you build up your consistency even more and also your confidence on your analysis.
We all struggle with it sometimes and to see people like us getting consistent and profitable over time is overwhelming.
Keep up the good work and for sure you will achieve your goals.
I love watching you trade, you are very honest and transparent. I would much rather see you trading than someone who knows what they are doing. It nice to see your emotional reaction to your mistakes and bad habits.
You're doing great @danielinskeep! Your progress isn't going unnoticed. Keep it up man! I'm also an amateur. I do have funded accounts with Topstep and Apex and would thoroughly enjoy a friendly amateur face off. How would I go about getting ahold of you? Hope to hear back from you !
I love these videos. Thanks for the honesty in your trading. You have a very real channel that shows the ups and downs. Keep it going!
Can someone tell me what app they using to keep track of profits and losses? The calendar they are using?
www.tradezella.com/?via=daniel-inskeep
Matt not a scam just a bad trader make money from commission and UA-cam
He's literally on the futures leaderboard? Wtf are u saying 😂
"made it back off stream"
Carmine the scammer
This was awesome! I really enjoyed the commentary from you both!
More interviews with Trades. Been watching Carmine’s videos for years. 👌
Carmine is one of the very few honest traders. 98% of the so called day traders on the internet are all fakes. This guy Carmine actually makes a living on day trading and he doesn't depend on selling bogus seminars or trading packages.
I watched many of his free videos before I started trading for a living.
Thanks Carmine, I know you don't know me, but thanks.
Daniel I appreciate these types of videos! Keep up the good work brother!
I've been trading for 2 years now, trained everyday by my mentor with 20+ years of experience.
One of the best advice I'd gotten and can share with inexperienced traders is "after you get out of the market, f*ck whatever it does next even if it continues to go up. You took the f*cken trade, it worked, and you found your money. Be proud of that rather than missing out on more money."
Trading brings out the greed (it's a sin, remember?) in everyone, and we need to balance it with thankfulness.
If you are weak against your own demons, the market will take advantage of you because that's what it is designed to do.
Great analysis. I love the emotional aspects you guys went through in trading makes it reassuring to me that I’m not the only one that goes through it 😂
Hey Daniel, what are your delta footprint chart parameters? I would like to copy that to my delta chart as well or if possible can you share your layout so that I can download it
How much leverage they both using?
39:00
"i never consider myself making it or having it down because the market can humble you tomorrow"
I really like Carmine’s risk management style, going to check out his channel
Very genuine guy
What website is that where they get all those stats on there trading days?
tradezella
I love the new setup ! awesome
just temporary :)
18:46 facts
Hey ! Your trading challenges are always entertaining. Ever thought about adding a futuristic touch with AIZEN AI bot once it's out? It could spice things up even more! Keep those videos coming!
i'm daniel, not carmine.
@@DanielInskeep sorry
Not much a competition when he had an account 33times larger than yours. Based on ratios and percent growth daniel technically defeated karmine.
My dawg carmine! Learned alot from him supply and demand
Every time you moved your stop loss I literally yelled STOP MOVING IT!
i will pay you to sit next to me and do that
Bro you're improving so much!
thank you 🙌
Dude, you made $3500 in 10 days clicking buttons on the internet! Better than delivering groceries! So stoked for you man, and love the new view in the office space there. Carmine has brass balls executing at those levels, super cool to see a couple guys doing this "finfluencer" thing transparently and honestly. Thanks
haha no kidding! i'm back at home now, far away from the ocean, but it was fun.
what application is that at 35:30 where he shows his info for the trades p/l wins etc..
tradezella www.tradezella.com/?via=daniel-inskeep
thank you is it worth it ?@@DanielInskeep
@@am_9944it is a little pricey, but i pay for it. idk if it's worth $50/mo to you or not.
How did you get that topstep hoodie 😍
shop.topstep.com/
Oh snap I love these.
beautiful video
He made $23K in two weeks on a $100K acct? In two weeks???? With a 1.67 avg on 66% WR? How
No offense dude but i feel like you should stick to one or two setups
Good video
Carmine the 🐐. His strategy is simple and makes sense!
yep
@@DanielInskeepdo u have a discord?
nope
brother keep doing these videos
I liked your content for years, but sadly, yesterday that turned as you removed comments, not only my comment on real red flags of fake traders but also other comments questioning your "friend" legitimacy. I would like an explanation for this. Otherwise, i unfortunately need to take action about what is happening right here. ( From the beginning, everything is being recorded and put in the document ) thankyou❤
i haven't removed your comments. it's possible they got auto-flagged. make sure you don't include any links or foul language and try again. i don't remove comments that question or disagree with me.
@@DanielInskeep thankyou for your answer, but did you removed your own comment? Or was that a "foul language" too? I've posted my comment for the second time and it is removed again, I will post my comment under this comment and I will check again for any foul language and we go from there.
I am not acusing you of any scamming or the spreading of mis information (yet) and like I mentioned, I love(d) your content over the years
@@DanielInskeep the comment that got deleted for the 4th time after checking any foul language and links:
I've made a list of what to look for in a real profitable trader ( and if not it is a real big red flag )
- their understanding of how the markets book ( if they think the markets move by people buying and selling it is a red flag )
- obviously broker statements, if you grow a social media account you will get doubts about your legitimacy in trading, if you are legit you can proudly present broker statements and/or you can add your trading account to a 3rd party verification business like myfxbook
- I would like to see that they are already profitable traders before blowing up on social media ( not necessarily but a good indication it is not social media money)
- their strategy says a lot about a trader, what kind of strategy, is it a S&D strategy with 3 common indicators? Red flag. Do they switch strategy a lot? Red flag
I have a lot more indications on how to spot a fake "trader"
I personally won't take the time anymore to expose all fake traders because there are a lot, this will be my last one I think.
I hope this is valuable for you. Love❤
Now, the 6th time I post this comment after checking it multiple times with the UA-cam guidelines.
I've made a list of what to look for in a real profitable trader ( and if not it is a real big red flag )
- their understanding of how the markets book ( if they think the markets move by people buying and selling it is a red flag )
- obviously broker statements, if you grow a social media account you will get doubts about your legitimacy in trading, if you are legit you can proudly present broker statements and/or you can add your trading account to a 3rd party verification business like myfxbook
- I would like to see that they are already profitable traders before blowing up on social media ( not necessarily but a good indication it is not social media money)
- their strategy says a lot about a trader, what kind of strategy, is it a S&D strategy with 3 common indicators? Red flag. Do they switch strategy a lot? Red flag
I have a lot more indications on how to spot a fake "trader"
I personally won't take the time anymore to expose all fake traders because there are a lot, this will be my last one I think.
I hope this is valuable for you. Love❤
i did see your comment and now it's gone. it is not in my "held for review" section, so i have no idea what's happening. i think mentioning the fx book or whatever might be getting it blocked. sorry!
Look at the trade it already had a break of trend to a new low why would you short that ? Newbie move?
easy to criticize from behind a keyboard.
seeing your progress through the past 2 years from you videos is really awesome, you can see how you react differently to each win and loss with a more strategical mindset and not letting your emotions take as much control. I also believe the pressure of this being a challenge may have pushed you even the tiniest to get great trades when you can get good ones easily enough just for the content. thanks for the fun progress videos and keep climbing!
Excellent video! So much improvement on your end, Daniel! Way more calm and collected which is allowing you to stay patient and trust your intuition! You'll be trading like Carmine before you know it!
thanks dyl 🙏
Does anybody get the feeling that the rookie is better than the Master?
YES. I love this series
I'm a technical swing trader and hearing all this "I feel like" and "price should" and trading based on gut instinct is giving me anxiety.
What is a technical swing trader?
@Wobby27 A swing trader who trades entirely via indicators, trendlines, and chart patterns. Basically we let the chart tell us when to enter, as opposed to day trading, which is more subjective.
@@TenTonNuke that’s also trading on instinct… you can’t predict what will happen
@Henkepenk There is no human component in my trading system. And the parameters are based on technical conditions with proven profitability, like MACD crosses. There's as much instinct involved as there is betting black on a roulette wheel with 20 blacks, 19 red, and no zeroes.
@@TenTonNuke: Thanks for the clarification. Sounds like it can be perfectly automated by a trading bot. Then there is absolutely no human factor involved. I still wonder if that strategy really works on the long run, though.
That was so fun to watch! Thank you! It’s really cool to see that even professionals go through the same thought process, and ups and down as me.
Please continue to do more of these. Great job to both of you
Getting stopped out for breakeven on a winner is a large part of the game. I dont like rules where as soon as im up x amount i set it to breakeven. You want your stop WHERE IT MAKES SENSE. if you are really worried about losing that much you can just trail the position out tighter and reenter off of the pullback assuming price doesnt invalidate your idea (the stop that makes sense. Your stop should always be based off of some kind of structure, it seems to me like you are setting your stop to breakeven in a place where you should probably be tightening the stop to maybe -.5R in the grand scheme of things a -.5R isnt that much to give the trade a chance to actually work especially if your risk reward is good and you think theres a good chance you could run 5R or more.
By the time you move your stop to breakeven you should be far away from that market structure, you entered the trade because there eas market structure there, price is frequently going to come back and test that structure. You do not want to get stopped out at the nearest market structure (which happens to be your entry, and by necessity also your breakeven stop)
Bro I become addicted to your futures Trading videos
Your definitely progressing…. Only difference between you and him is size and he doesn’t let green trades go back red and doesn’t double dip 😂
Good work man. Love seeing your progress
watching ur previous trade offs and now this ur skills grown alot well done
Bro you really have a problem with break evens
I watched your first videos about trading on an account and I can see how you improved so far
Just passed my first challenge today 🎉
Congratulations!! I remember my first time passing last month. I just got my first payout. Keep pushing !!
congrats!
Break even stops take some of the pressure off but there’s no mathematical benefit for a break even stop a price action stop is much more beneficial
These videos are awesome 🔥 Would love to see you challenge an ICT trader in this series
It is AMAZING and inspiring to see how far you have come! Thanks for sharing the journey!
I just wanna say that your improvement is huge Daniel. Great trading
That guy is a beast
Bruh I can literally feel every emotion you felt in this video. The market will play horrible mind games on you bro, it sucks. The market will go to TP after you close out, go to SL when you don’t close 🤦🏽♂️. Gotta just stick to your vows, that’s the best you can do tbh.
It looks to me, Daniel, that if you were using the same leverage Carmine was (it looked to me to be about 10 ES contracts, ported over to NQ would be roughly 5 NQ contracts), you'd have made ~17k to his 23. Your win/loss amount... ratio... whatever it's called was right around his, at 1.76. The only thing that was slightly worse was your W/L ratio. I wouldn't call yourself a rookie just because your numbers are smaller. The only real difference is the amount you guys seem comfortable handling.
How does trading future work, I hear you have to wait at future dates to close your trade, like I trade today cants close til my time is up,
Interesting that all the projections, all the reasons, all the analysis often simply doesn't work. Bookmap gives you a picture of where strength and weakness is..and that with Time and Sales is probably the best edge you can have. But..IMO If you look for the long candles that don't back up..the momentum and time of day..and never, ever trade around the 200 SMA or in the middle between yr. supply and demand.
Hi i am ttying to use the bookmap software and its been a nightmare to setup, i trade gold mainly and i cant seem to figure out how to get data for gold on bookmap
“Jesus saith unto him, I am the way, the truth, and the life: no man cometh unto the Father, but by me.”
John 14:6 KJV
great video , what can i cay ! good explanation at the start about layout ! super happy to see your progress !
Man, super happy to see your trading has improved so much. Really inspiring for a newbie to futures.
the red color in carmine's PNL confused me lol , maybe it is bettter to use green next time . i thought he was down 20k + .. nice video ..
The student doing as well or better is a HUGE Testament to the teacher. It's one thing for the teacher to do well. The point is for the student to do well. As long as this video is not cherry picked. AWESOME! THANK YOU!
definitely. and yeah, this was not cherry-picked - just a two week window we decided upon in advance.
when trading micros you could take partial profits, might help?
Dunno why but it feels hard to take 0.05% trades seriously, it's pure gambling on farts in the wind at such miniscule moves
people can replace their salaries with those kind of moves. if you have develop a statistical edge, it is no longer pure gambling.
trading is the art of putting yourself into the best position to get lucky.
there is nothing "gambling" about it if you take it seriously.
accusing traders of gambling is unfortunatelly the number 1 sign that someone is speaking with zero experience.
What platform you guys trade on?
i'm on motivewave and carmine is charting on thinkorswim and executing on sierra chart.
you should do live trading seesions on youtube
You haven't watched him, because he doesn't trade live!!
Man I love these challenge videos. Would love to see Carmine again, hopefully during a better trading week. Keep it up Daniel
That was fun to watch. Your trading has improved a lot 🔥
i appreciate that
i dont know, but i also trade on low timeframes but my brokers destroy me on spread, please let me know if there is brokers you can recommend for low timeframe. This was a epic video
Bla bla bla !!! U wanna make big real money, just trade 0dTE options , just turned 2k into 8k with DJT (Trump ) today it went from 0.55 to 2.98 on a call trade more than 400% return 😬😬😬😬😬
great work, let's guys do it again, it would be interesting to watch
11:17 nice
Hi Daniel, new subscriber here!
I'm loving these "Trader head to head" series. I've been in the markets for 6 years and close to profitability. In the future, would you be willing to create a series where you go against subscribers?