5 Golden Tips I wish I knew before I started trading.
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- Опубліковано 11 тра 2024
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Only trade what you can afford to lose, otherwise emotions will get involved and you will lose more than you can afford.
what does he mean when he says level 2 in his trades is he using a software are something? plz help =(
@@gregwhite3883 level 2 is a tool tha shows orders both bid and ask (buy and sell) you can see the amount of shares someone are buying and with what price
@@Grodan20 i found it ty...now im jus trying to find patterns to see how they perform over time...(sigh) so tiring
@@gregwhite3883 i know but give it time and you can be successful with enough study
@@Grodan20 ty idk if these great traders with a 70%-60% win rate just find pattersns that win 70%-60% if the time are what. Its I'm incredible
ive been investing/trading for ten years, i have a solid understanding on how brokerages work. These comments are %100 on point. Steven ... english is getting far better, great video.
CRsportfishing.ca thx for the support 😊
i read this: Brokers like Schwab and other companies also make money from payment for order flow. The way it works is that professional trading firms buy the retail-investor orders from the broker and execute the trades for them. These trading outfits typically make money from the gap between the bid and the offer. When the trading company buys order flow, they give some of that money (the rebate) to the brokerage that provided the orders.
*Now my question*
Is it possible that now traders are more willing to trade a lot more & put big size on trades and these Orders ( which get bought ) will be used by MM to counter-trade the Mass ? .. so bigger manipulation by MarketMaker because they have all information how many longs / shorts are executed ... so they dump or pump against the public more aggressive ?
I would like to hear your opinion about this.
thx for your time
Do you have Instagram so you can help me as a beginner? I would really appreciate it
@@yasminmohamed9260 me too
😅
You can tell that this guy is LEGIT! No BS straight to the point. Great content, useful information. Stay Blessed Steven 🙏🏾
Thx
All I can say is, the memes are highly appreciated bro. Keep it up.
excellent tips,knowledge is greatly appreciated. I'm still studying, alot of info to decifer.thankyou so much for your wisdom,and passing it on to others.
did Steven say spin trader? couldnt make it out
@@timtourt7548 did Steven say spin trader? couldnt make it out
I was down almost 3k$ but im proud of myself i got it all back and im up on profit now 🤝
Keep hustling brother 💪🏼
Bro thank you for your videos. I have learned a lot from them. Could you do a video on how to do statistical analysis/ patterns? Or if you have one already please point me in the right direction. Thank you Steven!
Thanks for the help and support and your good heart to help us new in the chat room with Tim's team. I understand clearly and your humor cracks me up and takes the stress away to have more fun to study harder.!!! Thanks !!! Jason Jan's
Your videos are getting much better thank you I learned a lot from these last two videos I saw
Appreciate your honesty and great content! I highly recommend your channel, it's one of the best! You are actually transparent and here to help your viewers, thanks!
This is one of my favorite videos on UA-cam. Stephen you're doing an amazing job and make sure you give your editor a very nice raise lol
That was very awesome about comparing statistics being that you're so math heavy with your explanations it makes me remember college math and high school math and how comparing graphs and charts and different data against other data gives you a better piece of data which makes for better decision making when it comes to trading the best patterns possible which makes total sense...
give your editor a raise cus the memes are hilarious
People are scared of investing because of the high rate of scam in the business
You are right
I lost about $4,000 to a scammer before I was linked to Mr Williams on a channel here on UA-cam last month, believe me she helped me recover the $1,000 and made an extra of $4,000
+1 (402) 262-4917
@Wilder Smith WhatsApp
@Wilder Smith how does it feel to question from one account & answering your own question from other account?🤗🤗
Lighting I this video is good quality. Also looks like u have been hitting the gym a bit. Keep up all the positive stuff man! Thanks for the vids
Great information bro, this will definitely help me when i start trading soon.
Watching most of your videos have inspired me!!! Now I’m looking to buy a smart tv and a new laptop to properly have my setup like yours...
The editing on this video was amazing! haha
这些策略真的不错，谢谢
What up man! yes think some folks need to know that day trading is not for anyone, super hard to do with a full-time job. I grateful you said it took so so much time learning.. again you will lose a lot in the first steps.
Great advice is to swing a trade for more full-time workers.
yes 1000% agree
I will start trading part-time first make sure I have other income so that I don't make emotional decisions and blow my account up and have backup accounts in case I do blow my account up and remember to wait for good patterns and not to force patterns and trades and to avoid feeling like I need to trade when it's not a good pattern to trade and to always be studying...
Nice nice background the way you have all your screens and computer setup and whatever else you got back there makes it real inviting an interesting to look at...
Thanks Steven. For psychology, what are the top 3 lessons you have for understanding market psychology?
What are some of the strategies that you would recommend for day traders who are starting out in the sock market and the penny stocks?
How I like the vid!..inserts...now, you are making them entertaining!..will get views in plenty!!!!..Great work, content plus funny faces!
Thanks for making yourself available on different social media platforms and direct messaging...
Hey Steven, what's the best way to track a pattern? And what are the metrics you look for?
Great video Steven, it is really helpful!
Whatever those memes are things going on in your videos it's kind of funny actually really funny, you pick really good ones how I normally don't laugh at stuff like that but it's pretty on point when you have them pop up good job man.
Great tips Steven, thank you. You helped motivated me to start my own trading channel, would love your feedback! JC
Thank you so much bro!)
Hey Steven...Big fan of yours.I wanted to ask you how do you track particular strategies and pattern, behavior and put it in a sheet when there are thousands of stocks available in the market. Screening each stock that fits your criteria will still make hundreds of stocks and backtesting all those hundred stocks in 2min and 2 years daily time frame seems impossible. If possible please comment on this and it would be nice if you can show us some of your spreadsheets in a video. Idk what data points to look forward to
Agreed! When starting any new business, having another business where you already make money to support your lifestyle allows you to learn the new business....without the pressure of having to make immediate money in.the new business. Before shooting photography...i already made an income as a massage therapist
Holy crap you are hilarious. Those clips interjected are way too good. The backup funds was new info - very good idea! Testing strategies, also new info, very wise. Thanks man!
""Barely"" !!! wow man that was nice edit !!
Nice Video. What do you use to track statistics or patterns?
Steven, I’ve read lots but I cannot seem to find a solid learning resource to learn reading in depth. What would you recommend?
When you get a chance. Are you able to do a video on the optimal computer/graphics laptop setup to execute trades and how we should have our office/computer software/hardware setup? I have seen others with six monitors all at once. Is this something you recommend?
More monitors doesnt mean more profits jeez
Hey, you always mention to invest into your education. Which are the books you would recommend? Brian Shannon?
ur speaking a lot more clearly i can understand u most of the time now :D great vid!!!!
lol gotta improve
My rules for trading:
1. Know what you are buying.
2. KNow your exit before buying.....a few dollars gain is better than no dollars
3. Buy with the amount you can afford to lose.
4. Only trade once a day. Make your money and do something else. If not you end the day with a negative balance.
5. My most important tip: Never fall in love with a company. You are there to make money Not love stocks.
6. Take your profit and keep some aside. Don't invest everything.
9. Don't buy handbags with your profit. That's what husband's paycheck is for.😂
10. Doing the same thing and losing money is not a technique it's insanity.
I have a few more but I need to check my book where I have my mantras written. Good luck you all.
Steven You are great. I wish I can learn from you
Thanks for your advice lol 👍
Thanks man thanks preciate all that you do thank you so much...
Happy trading from Virginia Beach! :-)
You are so inspirational dude!
Hey Steven are you what courses did you take to become a stock trader?
I appreciate your insights of experience and knowledge. Thank you. Paul Kennedy
hi Steve
Thank you for your video.
i live in uk, i have a full time day job, but would like start to learn part time trading in the evening, is it possible for me to trade at other country stock market such as USA that has different time zone?
Regards
Chao
Thank you for these tips.
Love your content!!! Do you have any recommendations for back testing strategy? Any resources you might share? Thnaks so much!!
Hi Steven. Very impressed. Did you ever consider trading CFD's or only ever actual stocks?
Wonderful video by the way Steve I really learned alot
Great tips, thank you.
Those images who appear help to supported what you explain. XD
It does help! Thank you : )
I learned. Thank you.
Never, ever invest more than you can conceivably afford to lose. That is rule #1! Good stuff mate.
That ‘对吗’ hahaha. I’m new to trading and love your videos! Keep it up 👍🏻
i am thinking about starting to trade and would like to know what site you trade on
Lmfao at 1:27. You won me over with that one. I’m subscribing lol.
Great advice again Steven. I have question about opening account. I am not a US citizen but I currently live in US, I don't have enough money, and I am short biased trader. So I can't decide between Tradezero and Suretrader. Do you guys have any advise?
sure trader got shut down a month ago i think
trade zero /centerpoint/speedtrader all accept international accounts
Great info, followed you on Twitter as well ✌
hi , where will i find the real time future volume & OI for comex - and pls make a video how to utilise(entry/exit) for the trades
Love the videos, it's funny you showed the wrong takes and decided to play with them a little bit.
Thanks, steven! Im a full time mom. Im learning about investment. Your fabulous work is so helpful! I will watch all of the videos you posted. Keep posting, please!
Investment is very different than trading. Watch out.
Investing and day trading is 2 different worlds
Cheers to the editor 0:40
Mask off
4th tip was most helpful for me. Test frequency of pattern and risk/reward. 6:25 ish
I am interested to buy your DVD but not sure which to buy. I have few years experience in trading but quiet new to penny stocks. I am balancing on Duxinator: High Odds and Trading Techniques. I am more interested in Duxinator: High Odds. Is it too advance/difficult to understand?
Thank you for keeping your English mistakes in the video, it shows us your real not a super human trader. I bought both your dvd's and your getting better speaking. 5 tips were helpful for beginners Duxinator
what does he mean when he says level 2 in his trades is he using a software are something?
greg white why dont you do a google or youtube search on it?
I’ll like to hear more about your strategies
What software do you use to keep your spreadsheets and statistical patterns?
Could you make a video about how to journalist?
I will love to be successful like you man, your success really inspires me.
So much sacrifice just to be successful, not everyone can keep up with all the rules in Forex.
Yeah I joined Jay Adam's market mastery team and his lite
To be like him comes with a price, which you must pay @charlie Hart . I dont think everyone has got that genius in them to compete at the same pace. Now,
What if I cant get all the knowledge, but I can still make profit? What if I can use a reliable broker to buy into a trade? You can still be successful without being a genius in Forex trade.
@@drseussleonard7141 I like what you talk Dr not everybody can trade, but can make profit. If you invest with good trader.
I learn my lessons from the market, but allow my mentor to direct my trading. There is no way to eliminate losing trades, but from a statistical standpoint using the guidelines of Jay Adam's has proved to be consistently profitable. And if you are looking to be profitable then let him guide you. @jayadamsfx on telegram he will teach you all you need to know in Forex.
I like the random pics n little videos 🤣🤣🤣
Very proud of you and your accomplishments!
buy low sell high......I have backtested this strategy now, and it seems to work fine. Do you think I should go live ?
Portfolio of dividend stocks/Bonds, Use profits fore Free Trading Maxout while preserving your Wealth
Is any penny stock ok to buy for short? It’s very interesting that you said most penny stock price goes down in the long term
Most of the brokerage especially the big reputable ones DO NOT offer shorting or longing options on penny stocks because of their volatile nature.
From what i've learned you have to find a stock (penny stock or not) that has a high percentage of short float. That higher the percetage the more available shares for shorting.
Dux is gettting buff hahah
he's legit profitting from the scammers lmao...scammers pump up these penny stocks and he's waiting at the top with a bunch of short trades lmao genius
scamming the scammers. I love it
Can you explain in more detail please?
False
@@hardrock9199 same question
@@Fighting_Gravity false? Care to emphasize?
Hi Steven,
I am interested in how you build up you stock performance statistics for example. I cant imagine that you collect those data from the charting software and put it into an Excel file...
Since you once said you caracterize stocks on A, B,C stocks based on winning percentage for your specific strategies I assume you needed to collect a lot of data for that.
Like first Parameter is 2 to 15dollar f.e., second is float, third is market cap. But in Addition you need some Kind of average end of day to start of day winning or losing percentage. Or f.e. a Relation between Volumen and price to detect support or resistance lvl.
I am into trading for a year or something now, blow my acc up once, it was just a small Account and I dont want to just follow others strategies, I am really more interested in understanding how stock analytics are working. I dont think I am clueless but I for sure still have a lot to learn.
5:16 21 year old here trying to make some smart life choices and get into day trading early, I don't want to be behind a counter or in an office job 9-5 for my life.
I started with 1.5k, DOUBLED it to 3k, and then halved it, and halved again to 750. Now I'm slowing down a bit, learning more about indicators, keeping some cash on hand and not putting everything on one trade. I'm back to 1k so far.
Same dude i started with 20k
then i converted it to 36k
and became overconfident and greddy
and i lost about 28k now
@@randomhuman1754 I think people call your first big losses as 'tuition fees' :) You paid your tuition, learn from it and keep grinding bro 👍 we both got this
@@gavinbannister4124Thanksbro
Actually i became blind with greed I didn't took profits in many trade cuz I always wanted more and more and end up losing money
It's a great lesson on how stock market is a blend of emotions
Thanks I got it 😊
Whats a good pattern i could use for a 1k account seceral times a month?
Hi steven, how to backtest a strategy if it cannot be programmed. For example, 2-minute chart wedge pattern and buy at the end of the wedge. Wedge patterns can be formed by 5 candles and also 20 candles stick........... Do you go back to every chart and check it one by one?
I came across the recommendations of David Haggard here on a youtobe video managing binary options trades for beginners making steady profits. Please how true is this claims as i would like to go ahead and trade with his management
Which aap should I use fro it.. I mean what do you thing which is the most trusted aap??
Great tips, thanks 🙏
How can you back test strategies? What tools do you use for that?
Wise words indeed. Liked and subscribed.
I don't know if you have a video of it yet but maybe you could do a video of stocks for dummies
Hi Steven what trading platform do you use ?
hey man i just want to understand i am not in usa but in australia what do you think about the australia stock market?
This is the best video yet love your advise but I needed a good laugh😂😂
Thank you Steve.
What kind of statistics should we be tracking exactly? Do you have a video on that?
Edit: I found it. For those wondering he has a video called “Market data you should study during quarantine”
like your learning spirit!
Great video Steven! Can you please make a video about TradeZero? I like to hear your thoughts on brokerage companies, thanks.
ISO Lated I was preparing for that lol I will!
Yes PLEASE make a video on tradezero
How exactly do I calculate the risk reward
Great video!
- If you feel like you should make money, you’ll be forced to make emotional trades or trades that don’t fit your strategy so you lose money.
- Back up funds. Don’t go all in.
- Frequency and risk/reward and simulate 20% less because can’t get best entry and exit.
- Test strategies
- Be creative. Think outside the box. What happens if I put this statistics and this statistics together.
pimp squad baby holdin it down
Great tips
How do I join your course??