How To Fix Your Day Trading Problems [Quick and Easy Strategy]

[@5dollarstothemoon331]

I really really like how you think. It's realistic for beginning and intermediate traders. Every time I experienced a loss or a win, I always watched your videos to neutral my mind. Risk is the most important in this game.

[@claytrader]

Thanks for watching! Glad they help!

[@jjd903]

The Free Sea. Love it!

[@claytrader]

it's dangerous!!! lol

[@ahmedmustafa3450]

Do you have a playlist based on Forex Beginners?

[@claytrader]

I teach forex here: claytrader.com/takecontrol/

[@draegbeast9041]

My biggest weakness is that whenever I'm up a good amount that I'm happy with, I hit take profit instead of letting the market hit my ACTUAL take profit that I've put in into the trade according to my analysis. Any tips for letting the trade run instead?

[@blcdoc]

Statistically doing that won’t make too much difference. But the pnl distribution will either 1. Take away too much of your capital, 2. Remove your ability to make decisions for the right reasons, and 3. Discourage potential investors ion your strategy if you make money and want to grow. It is a good question though. I’d suggest starting with both a stop for a loss and a profit target when you will take your profit before you put the trade on. Then after some time look back and see how you would have performed if you had waited longer on each. Just an idea.

[@draegbeast9041]

@@blcdoc Yeah that's what I'm doing and the last trades would've hit the TP. So basically i made 400 this week but would've had around 1600 if i just did'nt check my trades and take the profit. Hurts like hell lmao.

[@blcdoc]

@@draegbeast9041 there is no hurting, it’s just numbers. Either you made the best decision at the time, based on the amount of information you had, or you did not. Don’t worry about how much money a trade makes, worry about if your process was the best it could have been. The money comes easily later.

[@draegbeast9041]

@@blcdoc Thank you for those wise words. Makes a lot of sense!

[@claytrader]

Big Ballah... you should know better than to spew such nonsense as "you never go broke taking a profit"... that's such a lie... what do I mean? Please watch claytrader.com/videos/beginner-day-traders-the-biggest-lie-you-can-believe-and-why-its-dangerous/

[@Megaknaak]

Moral of story, IF your have red days, buy my class... lol!!

[@claytrader]

I'm sorry capitalism offends you...

[@blcdoc]

I wouldn’t put this much emphasis on a monthly pnl regarding how effectively you are reading information flows. Maybe suggest how many data points are required to give any feedback towards this.

[@claytrader]

I would. I think a whole lot can be said/seen from an entire month of results...

[@blcdoc]

@@claytraderSo you are saying that if you saw a trading pnls of 2 different traders who both trade on their ability to decipher publically available information, you could confidently predict with a one month sample who was good at reading this information and who was not?

[@blcdoc]

@@claytrader anyway my question aside... what i do believe is that even if you read new information perfectly, 1. it is hard to be the guy to get the new information before the market has priced that in so comparing your reaction to the information to how the market moved (your pnl) is esoteric at best, 2. markets can diverge by such an amount from where they should be in the short term, using a pnl metric to infer how well you traded on that is of very little use. unless you are using yearly or multiple years pnl. I also believe that you should try to do this on some level, but the measurement of it is almost impossible. Gotta start somewhere though i get it.

[@claytrader]

@@blcdoc thanks for the thoughts

[@DIYLifeSkills]

Not sure how struggling traders are going to figure out how to bring (what) structures to their trading from this very generic video. Like Clay says, someone doesn't know what they don't know. This is like saying you need to improve maintenance of your car to improve longevity, but for people that aren't familiar with car maintenance, what exactly can they do? Such video should have provided actual recommendations on what structures to apply. For example, loss management, win/loss target ratio, % amount to play, etc. etc. Better yet, Clay should've may be disclosed what structure he has applied that worked as an example. Did anyone walk away thinking, I know exactly what structures to apply to their trading to improve profitability from this video? It sounds good, but I see little value in this video.

[@DIYLifeSkills]

@Big Ballah What value did you get from this video?

[@DIYLifeSkills]

@Big Ballah You don't know what I'm capable of. You still didn't answer, what value did you find in this video?

[@DIYLifeSkills]

@Big Ballah Who's bashing who? I'm just stating I don't see the value. What value did you see, and why are you avoiding this question?

[@claytrader]

if you "want the structure" (which is the point of this video, "find structure")... then you can see how I have my educational structure set up here: claytrader.com/takecontrol/tour/

[@lifechoices6643]

To thrive,markets need peaceful conditions.So,'loving money' can actually help bring world peace.Since we all love money.

[@claytrader]

Thanks for the thoughts and for watching!

[@lifechoices6643]

I find your videos very good.

[@claytrader]

Glad you like them!

[@spontaneousbootay]

I was amazed by how I blind I was trading before I found out how to create market structure. There is perfect organization in chaos - The Art of War

[@claytrader]

Cheers to that!

[@youkeston8941]

Nice video

[@claytrader]

Thanks

[@AfternoonGrind]

Too much information creates so much noise. Thanks for the video.

[@claytrader]

Well said. Thanks for watching.

[@juandiez3535]

Trying to apply your trading style without guidance is as dangerous for the new trader as guns are to unexperienced hands. Thinking about learning 10-30 minutes trading sessions is not the right aim to start trading professionally. But don´t get me wrong, is not about you or your program, but for us who are learning still and try to reach those skill levels without help. Quick and heavy trades are for pros not for newbies and most of the times we don´t get that and try to learn it by our own. Possible but not a quick process at all.

[@claytrader]

Well said.