How I Became a Profitable Trader

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  • Опубліковано 4 лис 2024

КОМЕНТАРІ • 260

  • @DanielInskeep
    @DanielInskeep  6 місяців тому +47

    if you’d like to watch me trade live and join a group of chill af people, swing by my channel 10 minutes before NYC market open, M-F!

    • @GENERALTIM21
      @GENERALTIM21 6 місяців тому

      I look forward to asking you on Monday if you have a bias

    • @aaronwee5956
      @aaronwee5956 6 місяців тому

      Would you ever do a tutorial on how you trade? I feel like that would be very beneficial for many new traders out there.

    • @MarkDurgin
      @MarkDurgin 4 місяці тому

      Daniel - nice work - Thank you! - though moving a bit too quick for me (My bad, not yours). What do you recommend as ground level basics to learn and begin to implement solid trading fundamentals. I have made trades but never adopted a disciplined system and I have alot to learn. Any advice appreciated.

  • @illemonate
    @illemonate 6 місяців тому +36

    5:45 Not adding on trades to compensate for a loser is KEY. I blew my funded account this way. I was green 5 days in a row, and then 1 bad trade which could have only been -$500 turned into -$3500 when I tacked on 2 more trades and the market continued against me. Just accept the smaller loss and move on.

    • @Error-33
      @Error-33 5 місяців тому +2

      So true. When I first started out in trading I did exactly this and also blew my account. While the correct thing to do was to cut the loss in half for the next trade until I make it back or at least not increase the size
      Love how Daniel stays honest through his entire journey and keeps it real with us, this video really had good advice

    • @elizabeththomas3196
      @elizabeththomas3196 2 місяці тому

      Never enter a losing trade twice.

  • @luhanshaikh5650
    @luhanshaikh5650 6 місяців тому +38

    The best and most genuine advice i have seen in years this is basically all you need in trading

  • @docter4ever
    @docter4ever 6 місяців тому +2

    Been trading about 4 years myself now and I'm not too far behind you, still working it. I passed my first combine, was on track for my first payout, and got greedy two days in a row and lost it. I force myself to use the practice trading feature rather than paying for another combine so that I can feel a little pain to help remind in the future. Following your journey and TBM has been huge in keeping me focused and in the game.

  • @garrett7544
    @garrett7544 6 місяців тому +16

    So awesome you gave Dylan a shoutout. He's such a great trader and deserves more recognition.

    • @SpectreOfWallSt
      @SpectreOfWallSt 6 місяців тому +1

      Agreed! Dylan is soooo damn good at what he does and doesn't get the credit he deserves. Dude doesn't even seek it, which makes me admire him even more.

    • @randomdudr
      @randomdudr 6 місяців тому +2

      What's his channel?

  • @bakanur
    @bakanur 6 місяців тому +5

    all really good stuff. ive been trading for 3 years, started with options and switched over to futures prop accounts 6 months ago and this month made enough to take out 2 withdrawls and finally become profitable for the first time ever. I remember seeing your early videos and the difference between then and now is huge.

  • @slothfuldelight321
    @slothfuldelight321 6 місяців тому +3

    I watched you stay unprofitable in your previous funded account endeavors and such. super impressed you stuck it out and found your stride. wishing you the best.

  • @matthewgarcia6320
    @matthewgarcia6320 6 місяців тому +6

    Bromigo, the first tip you gave finally clicked with me at 2 in the morning as I woke up randomly thinking about how many times I got stopped out last week…. Just felt like I wasn’t comfortable with my position size and my risk. I was always a few ticks short. Moved to micros today and felt so free lol 😂 great stuff man.

  • @TY-pe1tf
    @TY-pe1tf 6 місяців тому +21

    The not marrying your bias is such an understated point in the trading community. "BUT MY LOWER HIGh STeGOsAURUS PATTERN IS A BEAR INDICATOR" and then the market rips your face off.

  • @Malthis13
    @Malthis13 6 місяців тому +7

    So happy to be here for your journey buddy. Keep up the good work. But the best part of this video is really your ability to look critically at your performance without damaging your moral. That’s the sign of strong trader

    • @DanielInskeep
      @DanielInskeep  6 місяців тому

      thanks mal, always nice to see you around.

  • @MrDStCyr
    @MrDStCyr 6 місяців тому +4

    Good video, I am am a little behind you. I am in 3rd year and getting close to consistent profitably, but still self sabotaging to much. Sizing down has helped me stay in trades longer. Still struggle with impatience. Especially when trying to pass challenges. Enjoy your videos.

  • @paul.van.hemmen
    @paul.van.hemmen 6 місяців тому +1

    Been following you for quite some time now and it’s been a funny ride… After you nearly had been disappeared, now that you have returned with more vids again and constant livestreams this channel has turned into a full fledged futures trading outlet.
    Don’t get me wrong, this is actually great! I took the same ride into this giant rabbit hole. And if you love it, you love it. Everything else just… disappears. That’s trading. 😅

  • @rushidoshi401
    @rushidoshi401 6 місяців тому +1

    The reason I love your content so much is because I see so much of my own trading journey in yours. You eventually found your passion in the day trader world and I’ve seen you grow through your videos! Love the content and let’s keep growing 💪🏽

  • @RachelGulottaFitness
    @RachelGulottaFitness 6 місяців тому +42

    don’t marry your bias! marry your best friend!

    • @aumthakore450
      @aumthakore450 6 місяців тому +4

      If only she had your wisdom....

  • @SherleneHutsell
    @SherleneHutsell 6 місяців тому +3

    Very interesting! You have a great view on trading much as Jim Simons did in 1978!
    I am 84 years old and trade less frequently at this point. Each day I go to a shop where I am able to interact with young people and work with my hands and use another part of what is left of my brain.
    Do homework, analyse direction of a trade and set a target and get away from the monitors to avoid over thinking and constant adjusting.
    Excellent teaching! Many thanks

  • @carmine_rosato
    @carmine_rosato 6 місяців тому +4

    Great advice! Love to see it

  • @thriftshoppetheatre
    @thriftshoppetheatre 6 місяців тому +2

    Way to Go Daniel. Great Advice no matter your level of trading.

  • @ralphytness8264
    @ralphytness8264 6 місяців тому +2

    ive watched your video 2 years ago when you were still unprofitable, and i was learning yo trade forex that time, now its remarkable to see that youre killing it, keep up the good work!

  • @darvinhamlover112
    @darvinhamlover112 6 місяців тому +4

    Amazing video Dan one of your best for sure. I enjoy your livestreams most mornings and videos like this help alot!

  • @Jack8888.
    @Jack8888. 6 місяців тому +3

    Great video I did that today where I got out on a normal pull back because I was scared of losing a couple dollars in profit, only for it to go exactly where my TP was - have to be comfortable with the discomfort and confident in your analysis

    • @asdfbeau
      @asdfbeau 6 місяців тому

      you also have to get comfortable with dumping trades that might turn into winners.
      what you did wasn't wrong, the market could have easily swept you the other way.

    • @lugombear2269
      @lugombear2269 5 місяців тому

      @@asdfbeau well, no because when you have an edge then you need to believe your proven backtested strategy where you tested SL and TP. moving SL to BE is totally different scenario in strategy which should be tested on the same graph and time when was tested original strategy and compare results. In one strategy as I backtested that method I was less profitable when moving SL to BE as just leave SL in original position. Win rate can be better, but with every R added you are higher to survive loss in few rounds. Which can happen when we talk about win rate 50%. In 10 rows you can loose and hit SL. Moving SL to BE is different in all different stocks, as one stock can create deep pullbacks and other stock not. So also that is not uniform to any pair, stock, etc, plus different time can create different behaviour of stocks - respect SR zones, not respect SR zones....

  • @dylanstox
    @dylanstox 6 місяців тому +2

    Excellent video Daniel! I appreciate the kind words! Your ability to articulate is second to none! Many folks chase after a "holy grail" strategy that is going to produce them a high win % and exponential gains... they often overlook the points you covered in this video and ultimately find themselves failing over and over again... Thank you for making this! I'm confident it will help many aspiring traders

  • @franciscogonzalez-yx3qi
    @franciscogonzalez-yx3qi 2 місяці тому

    I've been in breakeven mode for a while. this is also year 4 for me. I've gotten payouts on both topstep and apex, only to buy and blow more challenges or funded accounts. Getting funded is now the easy part. Staying funded is hard. I tend to still degen into trades when I take a loss and revenge trade. Just bought the audiobook , best loser wins like you suggested. Thanks man!! Great content as always!!

    • @vvs7949
      @vvs7949 2 місяці тому

      Watch “how philosophy made me 700k trading”

  • @jdawson4810
    @jdawson4810 5 місяців тому

    I appreciate you talking about your mistakes rather than how many Lambos are in your garage. Lots to learn from this. Thank you.

  • @speedy4435
    @speedy4435 6 місяців тому

    This is good advice! I have gotten proficient at cutting my losses and you need to definitely realize that there is a difference between cutting your loss to end the discomfort, and cutting due to price action giving clear signs that your SL is about to get blown up. Of course you will cut winners, just need to keep practicing! For me holding my WINNERS is the hardest part, especially trading on apex due to their trailing DD rule, and their %30 rule.

  • @JeffNoel
    @JeffNoel 6 місяців тому +2

    Perfect timing for this video. I was bullish in the last 3 weeks. You can imagine how that went with my option swings.
    Great tips!

  • @teleman1193
    @teleman1193 5 місяців тому

    I've thoroughly enjoyed your well documented journey. I made the change recently to micros over minis so that I could scale out of 10 micros instead of trying to let 1 mini ride into oblivion. Glad to see I wasn't the only one to make that change.

  • @JapesOfficial
    @JapesOfficial 5 місяців тому

    Just hearing you talk, I can tell you’ve been listening to Carmine. That’s great bro. I’ve been keeping an eye on your trading journey for the last 2 ish years. You’re killing it brother🤞

  • @PropFirmPath
    @PropFirmPath 6 місяців тому +2

    Brilliant video with excellent advice. The part about sitting in drawdown and getting out at break even only for the trade to go your way you mentioned on steam a while ago, ever since I've kept it in my mind and it's really helped me! Keep grinding Daniel. Have a great weekend.

  • @OkImJustCommenting
    @OkImJustCommenting 6 місяців тому +2

    Great video!! Definitely worth a watch at the start of each trading day. I think I will be making this a part of my morning prep before even looking at the charts. Thank you!

  • @JasonM2128
    @JasonM2128 6 місяців тому

    “The market is ripping without me right now”, I felt that haha. Great video with really good points!!

  • @tiaanbeukes
    @tiaanbeukes 6 місяців тому +2

    Really great video, I will try to apply these points to my own trading! Thanks Daniel

  • @jboy1870
    @jboy1870 6 місяців тому +2

    Brilliant video Daniel! Exactly what I needed! Thanks

  • @awhs5435
    @awhs5435 6 місяців тому +1

    the biggest thing with trading is slowing down, the markets move so fast that 99% of humans just arent mentally conditioned for it, a lot of the times you need to step back, take a breather and slow things down and don't be so jumpy.
    Great to see you've become profitable my man, I've been watching you over the years, keep at it, for real, your journey has just begun to a better healthier life

    • @th3orist
      @th3orist 6 місяців тому +1

      fridays are a neckbreaker for me, like honestly, i dont know what it is but my biggest fuckups i have on fridays.

  • @TheSJDRising
    @TheSJDRising 6 місяців тому +2

    This is great advice. Love to see you profitable.

  • @samzhang2601
    @samzhang2601 6 місяців тому +2

    This is gold, Thanks Daniel!

  • @mikez4132
    @mikez4132 6 місяців тому +1

    Some gems in here. I find me catching myself in these often.

  • @RT-tq4zr
    @RT-tq4zr 6 місяців тому +1

    Finally a real retail trader without the influencer side of it. Well done.

  • @lugombear2269
    @lugombear2269 5 місяців тому

    I am following your journey of trader few years and I am happy that you did huge progress. I can say that I am developing with you also, after 3 years I can say I am profitable, sure with mistakes and emotions. You are huge support for other traders, as you trade live and don't hesitate to show loses! God bless you Daniel!

  • @ElPandaWarrior
    @ElPandaWarrior 6 місяців тому +1

    I agree with all these....however, one thing about micros was i was trading a bit to cavalierly as the amount of money at risk was negligible and that led me down the path of not trading the plan and just gambling. SO I learned bad habits while racking up losses and commissions. Once I went back to minis, the risk meant something and that forced me into more thoughtful trading. This was just me. I agree with your premise regarding micros but for me, it was detrimental.

  • @MangoTradesFutures
    @MangoTradesFutures 6 місяців тому +1

    Its been really cool to see you grow as a trader man. I have been working at it myself and am realizing all of the things you mentioned in this video. Keep it up dude! You're an inspiration for the retail guys!!

  • @TheApolonizador
    @TheApolonizador 5 місяців тому

    04.38 incredible lesson!!! i was going through that! this are really clarificant. Thank you bro! 1st video i see, new sub. Greetings from Argentina

  • @f80brisso
    @f80brisso 6 місяців тому +1

    I would say even before trying /MES or /MNQ, trade TQQQ, SPXL, or UPRO with 50-500 shares depending on how much you got, and don’t even bother paper trading.

  • @fernandopadilla4482
    @fernandopadilla4482 6 місяців тому

    Oh shit ive been watching you for years. So badass you are finally profitable.

  • @thargor6750
    @thargor6750 4 місяці тому

    I just watched the old video where you loose it all. Cool to see you kept at it.

  • @lilmissbeats
    @lilmissbeats 6 місяців тому

    Such solid lessons based on real life experience. Thank you Daniel :)

  • @mo938
    @mo938 6 місяців тому

    It really has been a joy watching you grow. Thank you for sharing your journey with us, Daniel. I hope nothing but the best for you!

  • @aumthakore450
    @aumthakore450 6 місяців тому +1

    This video was exactly what i needed rn, thank you!

  • @brilantmiftari1476
    @brilantmiftari1476 6 місяців тому

    Great job Daniel, I remember the video with Matt where ya'll traded.
    Thumbs up!

  • @pio4362
    @pio4362 5 місяців тому

    Loving the new haircut, Dan! I don't think the last one suited as much. Any interest in doing investing/trading challenges where margin/futures (borrowing money) isn't required?

  • @blaze4301
    @blaze4301 6 місяців тому +1

    thank you Daniel this is great advice that I will put into practice .....
    i love how cool, calm and collect you are.......see you Monday have a great weekend.....Ventura, ca.

  • @T_EShiN
    @T_EShiN 6 місяців тому

    Great to see you have improved so much, i also started trading back when i was watching your rookie VS pro video, good thing is we all starting to make profits!GJ!

  • @rushb6140
    @rushb6140 6 місяців тому +5

    Good Job on Beeing a Profitable Trader!

  • @helloping1
    @helloping1 6 місяців тому +1

    Watched your journey. So proud of you

  • @evantfunk
    @evantfunk 6 місяців тому

    If micro commissions are keeping you from profitability, you've got other problems. Fantastic tool for futures traders. Great video!

    • @DanielInskeep
      @DanielInskeep  6 місяців тому +1

      good point. thanks for watching!

  • @KFTrader
    @KFTrader 6 місяців тому

    I'm doing the same with micro es. Risk management is really how you become profitable. And ofcourse proper tools like market profile, vwap and orderflow(cumulative delta)

  • @matt017
    @matt017 6 місяців тому +2

    Great video. Very much on point. 👍

  • @gray4141
    @gray4141 5 місяців тому

    This is the most helpful trading video I’ve seen. Thank you!

  • @tradewithhamza
    @tradewithhamza 6 місяців тому +1

    I as well became finally profitable yesterday with my latest payout approved!! let' s try now to push harder

  • @beachoffice365
    @beachoffice365 6 місяців тому +3

    Excellent video my dude !!

  • @Andrew-oz6em
    @Andrew-oz6em 6 місяців тому +3

    Awesome video! I just found the best loser wins and was debating on reading it

  • @reemobrooklyn3557
    @reemobrooklyn3557 5 місяців тому

    I've been with you since you were doing your passive income videos trying a bunch of stuff along with video editing. I remember that video when you tried trading for the first time. Then another video I believe you turned $1,500 to like 50k or something. You never looked back and stayed super consistent. You're my inspiration because I believe we started around the same time. I'm starting to get my flow as well. See you at the top brother. 🙏

  • @jullian29
    @jullian29 6 місяців тому +1

    you're an inspiration, ever since the tbm vid! grats!

  • @loganlewis9393
    @loganlewis9393 6 місяців тому

    Hey id just like to say I watched your video a couple years ago when you first tried day trading and sucked, and it’s cool to see where you are now, I’m making progress myself 👍✌️

  • @aragornhorton120
    @aragornhorton120 6 місяців тому +2

    1:00 left before this beautiful video is unsealed

  • @xDarkpenance
    @xDarkpenance 6 місяців тому +1

    Well done proud and cool seeing your journey

  • @lombardo141
    @lombardo141 6 місяців тому

    I honestly gave you a hard time in the past but honestly am happy for you. You kept going at it which is a huge lesson by itself. GGs man!

    • @DanielInskeep
      @DanielInskeep  6 місяців тому +1

      thank you - i really appreciate that.

  • @Tradenix140
    @Tradenix140 6 місяців тому

    This video hit home. Def needed to hear this today. Thanks Daniel.

  • @brandoncruz3509
    @brandoncruz3509 6 місяців тому

    Daniel this was soo good! I discovered you through your video you made with Trades by Matt a while ago but still watch your videos. THIS is gold!! I usually trade mini's and never touch micros for exactly what you pointed out however I noticed most days trading NQ you have to risk at least 20 points with how big the range is most days or trade ES minus but the real fun is in NQ. I risk 200 per trade but NY sessions thats a hard ask for the minus. I will be sharing this with my futures friends!

  • @diefamiliegriffin
    @diefamiliegriffin 6 місяців тому +1

    Best advices u can get as a new trader :)

  • @MADDOG724
    @MADDOG724 6 місяців тому

    Thanks for making this this video Daniel! Can't hear this enough.

  • @ItsDaqoHD
    @ItsDaqoHD 6 місяців тому +2

    Just began my journey on becoming a funded trader! This is exactly what I needed. Thank you Daniel, looking forward to hopping in your streams!

    • @lugombear2269
      @lugombear2269 5 місяців тому

      I hope you have few years of experience in trading own money and you are in profit. If not, please assign to you few years to be profitable in personal account with small capital and then move to funded accounts. Else you will just lose your money in greede mode and you will just feed that stupid business in funded industry. I don't say it is wrong to use funded prop firms. It is good when you know what are you doing.

  • @BigPython3.4.11
    @BigPython3.4.11 6 місяців тому +3

    Great video, really enjoyed it!

  • @joelwarren2993
    @joelwarren2993 6 місяців тому

    Top tier advice! I was wondering why my 100x leverage + no stop loss strategy wasn’t working 😬

  • @AmericanBully_45
    @AmericanBully_45 6 місяців тому

    Good reminders, thanks. I needed that after this week..

  • @jessevanro
    @jessevanro 5 місяців тому

    I always love your vidoes.
    Have started my trading journey around the same time as yours.
    Love your content

  • @Smoak2Trades
    @Smoak2Trades 6 місяців тому +1

    Great information in this video.

  • @Ohgirlygirl
    @Ohgirlygirl 5 місяців тому

    I've watched your journey from the first challenge you did with TBM. Truly inspiriing watching you grow.
    Could you share how you do your recording/scren record and live stream. I think that would be helpful. I want to learn to screen record cos I thnk it would add ane xtra layer of accountability or my growth

  • @roxnroll8050
    @roxnroll8050 6 місяців тому +2

    Words of Wisdom!

  • @frozenyetimug
    @frozenyetimug 6 місяців тому

    Awesome video. Been following since your first day trading video years ago.

  • @christopherwic236
    @christopherwic236 6 місяців тому +1

    Great to see you succeeding👍

  • @Vagdinox
    @Vagdinox 6 місяців тому +1

    Not only that but with 1 mini you can't do a proper risk management we never know when the market will flip soo having for example 5 micros let's you get out of a couple of them in an area you feel conflicted not far from your TP for example and take some there if it turns to your break even for example you will have 3 micros not 5 soo you take almos thalf of the profit and if it goes to your TP because it was not far from your tp and you ahd still 3 micros open then the profit is almost the same as if u took 5 to that tp micros are amazing for props is worth the extra comision

  • @smbuckley
    @smbuckley 6 місяців тому

    Congrats on your recent successes! Any insights on the difference between "always trade your plan" and "don't marry your bias" as these can seem contradictory and I've heard both given out as advice from successful traders? Maybe it's just - come up with a plan, stick to your entry and exit goals, but once that specific trade is over you should be willing to adjust to price action regardless of your original thesis?

    • @DanielInskeep
      @DanielInskeep  6 місяців тому +4

      yes, i would say usually my plan would be "I want to see price react this way at this level, then i will short." i see it, i take it. marrying my bias would be "market should sell-off today. i will sell here at the highs. oops, that didn't work. let me try again. dangit. well, it's gotta go down, i'll short the next sweep higher."

  • @aliasaliasss
    @aliasaliasss 6 місяців тому +1

    Hi how many trade do you take per month in average ?because I think I’m overtrading but don’t really realize( I overtrade but I’m profitable , but I’m obligated to look at the chart all day
    Wich is not adaptated to my life )

  • @CollinRowles
    @CollinRowles 6 місяців тому

    Hey Daniel love the trading content but I would love a video explaining why you decided trading futures instead of stock options? I got into options trading a little over a year ago and found some minor success, I want to eventually trade full time to spend more of my life with my fiancée doing what we want not having to worry about a traditional form of work. I think it would be an interesting video to learn more about why you wanted to pursue futures

    • @DanielInskeep
      @DanielInskeep  6 місяців тому +3

      it's easier to manage risk with futures - hard stop losses. easy to day trade without PDT rule. liked the simplicity of it (just trade two instruments, no greeks pricing)

  • @pauljayme5138
    @pauljayme5138 4 місяці тому

    Great, quality stuff man.

  • @زيالقانونمابيقول-ز8غ
    @زيالقانونمابيقول-ز8غ 5 місяців тому

    do you know something daniel '' i feel every single word you have said and its looks the same about the time since 4 years i still strangling and you know what i for real sitting you as my mentor in this gurney and is wising that i can follow your steps asap . i appreciate it bro

  • @anthonymccomick5815
    @anthonymccomick5815 6 місяців тому +1

    sick video daniel keep it up bro

  • @whatislifebro
    @whatislifebro 6 місяців тому

    This is a trading channel now baby!

  • @tamslean
    @tamslean 6 місяців тому +1

    Great vid Dan, thank you!

  • @binhsir
    @binhsir 17 днів тому

    Hi,which version of Motivewave did you subscribe? Order flow or Pro?

  • @azcarti9357
    @azcarti9357 6 місяців тому +1

    you are a real on, keep it up

  • @TheBlueskyson
    @TheBlueskyson 6 місяців тому

    Motivewave has such beautiful colors. I'd pay $100 a mth for dat man. ty 4 vid

  • @justistowne
    @justistowne 6 місяців тому

    GGs! Thank you for another great video Daniel!

  • @Jdjwjdjzbsjwbb
    @Jdjwjdjzbsjwbb 5 місяців тому

    Watched you do that thing with Trades By Matt a long time ago where he made so much in a week and you were struggling. To see where you have come now is nothing short of insane so wishing you all the best!! I'm one year in with trading and almost break even in my trades. You are an inspiration to not give up!

  • @Dem2u
    @Dem2u 6 місяців тому +1

    early cover one of my biggest flaws ... i tally missed points ..hope it will make me sick of looking at it and will start to hold my trades :D

  • @LOIROVZLA
    @LOIROVZLA 4 місяці тому

    that book is amazing

  • @peylon8087
    @peylon8087 5 місяців тому

    What’s the indicators you use and what time frames?

  • @tobe259
    @tobe259 6 місяців тому +2

    Great video

  • @mustangs263
    @mustangs263 5 місяців тому

    Bro you're an excellent trader congrats I lost money exactly by shorting and the market went long.

  • @AbsurdGamer
    @AbsurdGamer 6 місяців тому

    Daniel can you make a short or something about your setup on MotiveWave?

    • @DanielInskeep
      @DanielInskeep  6 місяців тому +2

      check out the last video on my channel. i do a complete overview and setup.

    • @AbsurdGamer
      @AbsurdGamer 6 місяців тому

      @@DanielInskeep omg my bad😅 didn’t get pushed when it was released ig
      Side note love the content over the years keep it up👏