How I (finally) Transformed My Day Trading

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Daniel Inskeep

Daniel Inskeep

Күн бұрын

Пікірлер: 600
@DanielInskeep
@DanielInskeep 2 жыл бұрын
transform your life by scrolling up and hitting the thumbs up button on this video!* *results not guaranteed.
@dustinbutzler1031
@dustinbutzler1031 2 жыл бұрын
Yo check out Carmine Rosato here on KZbin!
@DanielInskeep
@DanielInskeep 2 жыл бұрын
check out last week's video!
@gecn9685
@gecn9685 2 жыл бұрын
Hi! If you dont mind me asking. How long have you been trading with real money and what is your net ROI?
@DanielInskeep
@DanielInskeep 2 жыл бұрын
@@gecn9685 a little over 2 years. would rather wait until stats stabilize so as to not deceive anyone one way or the other. i've withdrawn $100k in realized gains and deposited far less... but i got lucky early on.
@jpurposetrading
@jpurposetrading 2 жыл бұрын
Thanks Daniel for the transparency
@potodds_trading
@potodds_trading 2 жыл бұрын
As a full time daytrader, everything that was mentioned is spot-on and practical. Even with such great advice, any new traders will inevitably have to face his errors in order to understand fully what it means.
@alexandrosd7959
@alexandrosd7959 2 жыл бұрын
I myself I’m trying to turn daytrading into my only job and I completely agree with you , even if I had watched this 2 years ago I would still make these mistakes and honestly is not bad when u lose money you really learn as long as you don’t use more money than you are comfortable with losing
@Ak-zb9bn
@Ak-zb9bn 2 жыл бұрын
100% true
@HermanWillems
@HermanWillems 2 жыл бұрын
But these are also things i already know for so long...
@ganjiguurnyamjav3488
@ganjiguurnyamjav3488 2 жыл бұрын
Agreed
@TheStrataminor
@TheStrataminor 2 жыл бұрын
@@HermanWillems So what? Me too, but doing them is the important thing....There are plenty of other KZbin videos you can learn from rather than whinge about it here..
@TravelTrader12
@TravelTrader12 2 жыл бұрын
Perfect advice!! I’ve been trading for about 1 year and can attest that the points you make are spot on. Trading doesn’t have to be super complicated. Keeping it simple helps us stick to our plans and manage emotions.
@Virtuerichard43
@Virtuerichard43 2 жыл бұрын
⬆️⬆️ Now, Msg my What'sap line above to gain information and advise from me
@WayneTheWolf
@WayneTheWolf 2 жыл бұрын
Man this is MONEY! Master these and ur cookin with gas! I was struggling to stay above PDT then dropped below a few grand which really hurt my ego. I revenge traded then loaded the boat on a put position when my mentor went long. *I was trading the one minute. I could not have gotten a worse entry. The next 2 candles I was down 25-30%. I held on some more but eventually too a 40-45% haircut. I switched to a cash account and trade wayyyyy better bc #1 I can’t over trade. #2 I have to wait for A+ setups…. I no longer has a fear of being under PDT bc of the cash account and sizing down watching the 3 and 5 min charts for set ups and 1 minute for entry really helped me out.
@Moronical
@Moronical 2 жыл бұрын
Spot on as always. I started almost a year and a half ago, went through everything you said and now, finally, I’m beginning to be consistent by no longer subscribing to paid rooms, only listening to what other tell me and all that mess. Now I stick to my own research, my own notes, my own plans, and it’s worked out better than ever. Always following everyone else you never have time to make your own plan or figure out YOUR trading style. You become too busy reading what everyone else’s plans are and what they are trading and if someone on twitter makes a call….they are already out of it by the time they post it.
@Posterharpua
@Posterharpua 2 жыл бұрын
sizing down to 50 shares max was transformational for me as a beginner trader. I'm still a beginner but it's helped me get a handle on my trading to really clarify what i'm doing without being uncomfortable with a loss. $50 max loss on a single trade is nothing for my risk tolerance and i can easily grab 2-3R on many of my trades while I'm learning. This keeps me in the game longer and protects my capital while I gain screen time and valuable trade review time. I know I have at least 2-3 years to go before becoming remotely proficient, but that's ok.
@pedroewert143
@pedroewert143 2 жыл бұрын
good job - when learning trading the goal is to learn - if it works money comes anyway
@momolacoste874
@momolacoste874 2 жыл бұрын
I see people being profitable after 6 months to a year. You can do it sooner then 2-3 years
@Corehardstyle472
@Corehardstyle472 2 жыл бұрын
The best mindset I've heard in a while for a beginner trader (I assume) 2-3 years is a good goal without rushing it🎯 (From my experience.)
@Corehardstyle472
@Corehardstyle472 2 жыл бұрын
@@momolacoste874 I've seen people win the lottery but most of us don't so 2-3 years is a very normal goal.
@Tweetogreggieb59
@Tweetogreggieb59 2 жыл бұрын
I brought OILU, yesterday at $125, so expect the oil prices to be down awhile the stockmarket control OG-Reggie B...
@TransformeDTradinG
@TransformeDTradinG 2 жыл бұрын
“Trading is mental it’s on us… not the market” the most important line you said!!! Very nice video!
@Ramsefall
@Ramsefall 2 жыл бұрын
The greatest kernel of truth.
@RioKashyap
@RioKashyap 2 жыл бұрын
My rules: One trade a day Master Only Dow Jones index Only trade when ALL of my pre requisites are met. Don't trade certain times of the day. Don't move my SL TP. 1:1 Risk reward. Journal - this helped me narrow down to more than 90% win rate by eliminating frequent losers. Control FOMO. Stay calm and grounded. I lose everytime I don't follow my rules - so the last rule is to always follow all my rules.
@HermanWillems
@HermanWillems 2 жыл бұрын
dow jones 1:1 means how much return on yearly... And you are sitting in front of your screen for this ONE trade whole day? :)
@petee0069
@petee0069 2 жыл бұрын
yes, always stick to the rules
@Virtuerichard43
@Virtuerichard43 2 жыл бұрын
⬆️⬆️Msg my What'sap line above to gain information and advise from me on ways you could diversify your portfolio in weeks
@alonga
@alonga 2 жыл бұрын
This was amazing video, Thank you for taking the time to share. I am 6 months in to equity trading and you just nailed everything that I hope to achieve and yet still struggle with. Great explanation of core fundamentals that can create a successful trader. I would love for you to keep sharing you future success and setbacks. Thanks again!
@cyanxuan2939
@cyanxuan2939 2 жыл бұрын
Talking about stocks, Forex and cryptocurrency trading is the most profitable venture I ever invested in, I reached my goal of $32k monthly trade earnings. Wondering if viewers here are familiar with Magaret’s trading strategy..?
@geraldinemendez5064
@geraldinemendez5064 2 жыл бұрын
This broker here continues to be an inspiration to all new bees and those who have been fortunate to have made use of her sgnals
@eduardoremy4286
@eduardoremy4286 2 жыл бұрын
Indicators are very lagged so one cannot rely on them instead they should look into learning price action trading with her, it’s a good one
@christinak1114
@christinak1114 2 жыл бұрын
This is not the first time I am hearing of dis trader and her amazing trading skills but I have no idea how to get to her.
@heidisure5111
@heidisure5111 2 жыл бұрын
I think a good Trader like her will pay off more than random you-tube videos ,a lot of KZbinrs dont actually care if you loose money, they just want more views and traffic!
@cyanxuan2939
@cyanxuan2939 2 жыл бұрын
@@christinak1114 It’s quite easy to get to her..She is well known and can be liaised on telegam with the name *Investwithmagy*
@stixy3600
@stixy3600 2 жыл бұрын
Great tips, you briefly touched on what I think is the most important tips for traders, but you didn't make it one of your bullet points: You don't have to make a trade. as a discretionary trader, it is completely up to you when to enter a trade. some days you just might not see anything (or see it too late), and thats okay. Trying to grind a few hundred bucks every day will make you take shitty trades because you haven't found a good one yet.
@user-cq9bw3yo1s
@user-cq9bw3yo1s 2 жыл бұрын
Reach me out ⬆️⬆️🚀🚀
@saulgoodman9721
@saulgoodman9721 Жыл бұрын
0:20 please don’t use fib retracement on 1 5 minute candle, rather use it when a steep bullrun occurs, it’ll usually retrace at .5/.618 and that’s where you should look for a buy position
@ocvegasproperty
@ocvegasproperty 2 жыл бұрын
Two years into day trading and you are still going. Definitely beat the odds so far.
@user-cq9bw3yo1s
@user-cq9bw3yo1s 2 жыл бұрын
Hit me up 🔥☝️ WE REALLY NEED TO TALK
@salvaje7179
@salvaje7179 2 жыл бұрын
thank you so much. i lost 2 trading accounts in my 1 and a half year of trading. i am now practising to look at the SPY first before entering a trade. god bless
@anklesthedragon
@anklesthedragon 2 жыл бұрын
I would suggest for new traders figuring out how to refine their strategy, to stick to purely support/resistance trading. Get good fundamentals and learn how to read the charts. Indicators do not help anyone if they cannot read the chart, as indicators are literally algorithmic tools that represent different metrics of price action. A really good tip id suggest to new, or generally struggling, traders, would be to only trade 1 type of movement at a time for a month straight. For example, only trade break and retest continuation patterns. There’s a ton of different patterns of price action. All of them work but all of them require confirmation mentally. Because 99% of trading is mental. You have to get extremely confident in each pattern before you can really say it works for you.
@Tampanda
@Tampanda 2 жыл бұрын
Wow, very succinct, informative video.
@Tweetogreggieb59
@Tweetogreggieb59 2 жыл бұрын
The stock market is manipulated and rather it's up or down, is nothing more than a calculated decision. Reasons why, are nothing more than Catalyst for Hope or fear. We may not be able to time when to get in the market but we sure can follow the market. If you're able to do that then you're working with a winning formula.
@Tweetogreggieb59
@Tweetogreggieb59 2 жыл бұрын
I appreciate the Highlighted comment more than you may ever know, thank you.
@mattmn23
@mattmn23 2 жыл бұрын
THANK YOU! I don't mean to yell but you nailed it when you said "Its easier to see a trade in hind sight , and its much different to trade when its in the moment." That is the one thing I hate when some of these "Traders" that sell you courses show you. I mean yeah if I could go back to that trade and buy in I would, but watching it unfold in real time is a very different experience. Thanks again for that bit of truth!
@dustinmeyers1460
@dustinmeyers1460 2 жыл бұрын
Piece of advice you don’t need indicators. Look for low resistance lows/highs or equal lows
@user-cq9bw3yo1s
@user-cq9bw3yo1s 2 жыл бұрын
Reach me out ⬆️⬆️🚀🚀
@bigcong7845
@bigcong7845 Жыл бұрын
I remember my first time buying the dip, becoming a bagholder, chasing stocks that 🚀 to the moon.... one time I lost $3000 in 4 seconds because I didn't have a stop loss on SHIP when it RSS.... many lessons learned
@eduvu7844
@eduvu7844 2 жыл бұрын
Keep doing those please :) you and Matt are actually what we all needed in this space
@CC-062
@CC-062 2 жыл бұрын
You look chills and steady while losing or winning. Very good mindset. Maybe size trade down is the key
@davidandronicomusic
@davidandronicomusic 2 жыл бұрын
really solid video Daniel
@jen.coffee32453
@jen.coffee32453 2 жыл бұрын
Any tips on finding intraday pullbacks? Screener settings?
@user-cq9bw3yo1s
@user-cq9bw3yo1s 2 жыл бұрын
Reach me out ⬆️⬆️🚀🚀
@alexjozwa9821
@alexjozwa9821 2 жыл бұрын
Why do you trade stock options specifically? Especially because you use ES & NQ to confirm moves, why not just trade futures instead?
@jonatthonortiz6713
@jonatthonortiz6713 2 жыл бұрын
Amazing. I’ve just gotten into the sentiment of not letting emotions run my trading. Just got faked out today on AAPL during the run.. because I had bought the top. Reversal came, and exited. Had I stuck to my plan and was not in a big position size I would’ve stayed.. but I exited and the stock ran to my original PT’s I had drawn out just 15 minutes after. It really pays to be patient and a hard lesson learned. -30% on the port, but I won’t let it get to me as I realized my mistakes. Thanks for the video, gives me a concrete reminder to stick to my rumes
@user-cq9bw3yo1s
@user-cq9bw3yo1s 2 жыл бұрын
Reach me out ⬆️⬆️🚀🚀
@SchleiferMus
@SchleiferMus 2 жыл бұрын
Daniel I am trading for 5 years now and what changed my game completely was looking into Smart Money Concepts. It's a very amazing way to trade the markets and will help you to truly understand what is happening. Just look it up on KZbin and dive deep into the rabbit hole. You will not regret it.
@Lupaz77
@Lupaz77 2 жыл бұрын
From the times I saw you trading on your videos, I didn't notice any indicators to aid your decisions. Why is that?
@hightrades9862
@hightrades9862 2 жыл бұрын
your videos are the best as u time yourself well so easy to keep up
@user-cq9bw3yo1s
@user-cq9bw3yo1s 2 жыл бұрын
Hit me up 🔥☝️ WE REALLY NEED TO TALK
@kingmike40
@kingmike40 2 жыл бұрын
I do the same thing. Compare the QQQ chart with google's chart and you will see how closely they move.
@harryperfors2224
@harryperfors2224 2 жыл бұрын
Trading is pretty simple really. You look for a break of structure, you look for the SnD zone that created it and then find an entry reason on a LTF. Added to that, look for swing points as well as imbalance. No indicators needed.
@granthill5132
@granthill5132 2 жыл бұрын
Lmao, if it’s so simple, you must be a multi millionaire by now right?
@harryperfors2224
@harryperfors2224 2 жыл бұрын
@@granthill5132 I said simple, not easy. It’s human nature to confuse the two. If it was easy ever one would be doing it and be successful at it. As mentioned in the video, there are a few mistakes to avoid.
@herpiegerbstick6808
@herpiegerbstick6808 2 жыл бұрын
@@harryperfors2224 easy is literally in the definition of simple. They pretty much go hand in hand. I think you're the only one that's confused.
@lilmissbeats
@lilmissbeats 2 жыл бұрын
Ah so precious to hear one of your dogs. Can you feature them both in an upcoming video? Paw-leeese?
@Virtuerichard43
@Virtuerichard43 2 жыл бұрын
⬆️⬆️Msg my What'sap line above to gain information and advise from me on ways you could diversify your portfolio in weeks
@OkieTradez
@OkieTradez 2 жыл бұрын
have you ever thought to yourself instead of trying to join the market trend find stocks defying the market trend and wait for a key spot to anticipate that the stock in question corrects to the markets level in a quicker manner for example if SPY is clearly bullish on the day you can find a stock with a bullish daily BUT is RED on the intraday find a higher low and expect the stock to correct itself by going from red on the day to green on the day and the opposite is true if market is red i find stocks green on day to short
@OkieTradez
@OkieTradez 2 жыл бұрын
i started in 2017 and i can promise you trading your favorite stocks vs the spy is the lowest money making strategy but a good one to have for when you bread and butter strategies are not around.. nothing can make you more money than small cpas and hysteria after a market crash bcuz the bounce back to normality is fast and insane and very profitable for day trading small cap breakouts and shorting them after they ran for 6 days straight but that all goes away like right now and trading vs the SPY is paying bills at least but dont expect to get rich doing it
@williamjason1583
@williamjason1583 2 жыл бұрын
Calm, rational, no BS, appreciated. Liked and subbed.
@Tweetogreggieb59
@Tweetogreggieb59 2 жыл бұрын
Two thumbs up, good content, verifiable by those in the know, host recommended! Peace love and soul.
@masont5461
@masont5461 2 жыл бұрын
Patience, there is always a pullback no need to rush. Let the levels get tested for confirmation. Once I got that through my thick head it was life changing. Entries are 90% of the puzzle imo. Also keep an eye on ES and NQ for key reversal points, stocks with strong RS will often break out of their base like a slingshot if ES/NQ has a strong reversal to the upside.
@DanielInskeep
@DanielInskeep 2 жыл бұрын
facts
@jonathanwells4567
@jonathanwells4567 2 жыл бұрын
ES and NQ as in SNP and Nasdaq? What do you mean by RS?
@DanielInskeep
@DanielInskeep 2 жыл бұрын
@@jonathanwells4567 ES is S&P futures, NQ is nasdaq futures. RS is relative strength
@IndigenousPathways
@IndigenousPathways 2 жыл бұрын
Your comment is golden wisdom to me. I will print it out and keep it as reference with my other trading “mantras”. Thanks!
@VirmanaMarketing
@VirmanaMarketing 2 жыл бұрын
or sell options and collect theta... and get in line in front of the steamroller!
@polecabo
@polecabo 2 жыл бұрын
i really needed this. well said.
@user-cq9bw3yo1s
@user-cq9bw3yo1s 2 жыл бұрын
Hit me up 🔥☝️ WE REALLY NEED TO TALK
@srcbrain
@srcbrain Жыл бұрын
Micros are good practice, just keep an eye on your volume as contract cost to pip size is poor.
@danialkhan8658
@danialkhan8658 2 жыл бұрын
Just Know Your Highly Underrated...Never Forget That! :)
@devilspoint5533
@devilspoint5533 2 жыл бұрын
This was superb thankx for sharing your experince with us.
@user-cq9bw3yo1s
@user-cq9bw3yo1s 2 жыл бұрын
Hit me up 🔥☝️ WE REALLY NEED TO TALK
@JB-jn1fd
@JB-jn1fd 2 жыл бұрын
"the market will provide other opportunities" is a good mindset. hopefully I'll remember that.
@suncasa2224
@suncasa2224 2 жыл бұрын
I started two years ago as well. I have learned everything you are talking about. Lately went to a naked chart as I was getting too confused with all the info I had learned with moving averages, VWAP etc. Watching a naked chart and trading price action, supply and demand and using an RSI is the best for me. Also making base nits versus home runs helps a lot too. Great job on this video. 😊
@sauce6534
@sauce6534 2 жыл бұрын
Hey man you should check out VUMANCHU and market liberator on trading view if you are a volume trader, use the free shit don’t buy the 1500 market cipher! We have the same strategy
@IndigenousPathways
@IndigenousPathways 2 жыл бұрын
Agreed, Base hits all the way! Consistency and slowly accumulated gains can make a huge impact. As a new trader in SIM, I’ve been averaging over 20% gains the last two months respectively taking smaller gains at my modestly-targeted partials. And the times I got greedy wanting more, I ended up missing gains.
@PrinceChauhan010
@PrinceChauhan010 2 жыл бұрын
SIMPLE AND CLEAR. GREAT VIDEO. WATCHING FROM INDIA
@Robert-zp2rj
@Robert-zp2rj 2 жыл бұрын
Well done the way you were able to consolidate that down to those Five Points yeah that would have been good when I started Trading.
@Tweetogreggieb59
@Tweetogreggieb59 2 жыл бұрын
Friends and family, you've all asked me, if I could only buy one stock, which would it be. Here's my pick (VTI). Reasons why, 1. Affordable, 2. It represents the best. 3. It's been tried and verified. Peace ✌, Love 💘 & Soul ✊
@finnvinicombe7654
@finnvinicombe7654 2 жыл бұрын
Great video Daniel! I'm starting out my trading journey and just trying to soak up as much information and helpful tips as I can. I know it's going to take years of practise but this video had lots of great takeaways that I plan to integrate into my trading plan. Thank you, and keep up the great work!
@DanielInskeep
@DanielInskeep 2 жыл бұрын
best of luck to you!
@Virtuerichard43
@Virtuerichard43 2 жыл бұрын
⬆️⬆️Msg my What'sap line above to gain information and advise, your account can also be managed by me, making good potential returns
@247Success
@247Success 2 жыл бұрын
Love the content Daniel!
@ShawnRrr
@ShawnRrr 2 жыл бұрын
March was my worst month because I was buying stocks when over all market was at resistance which made my good set ups fail such a simple rule i over looked and broke and costed me the market is the mother if it’s not going her baby’s ain’t gonna follow lol ik what to do just gotta be disciplined,honest, and patient enough to do it and keep repeating good trades!
@steveballes5396
@steveballes5396 2 жыл бұрын
Very good advice brother
@user-cq9bw3yo1s
@user-cq9bw3yo1s 2 жыл бұрын
Hit me up 🔥☝️ WE REALLY NEED TO TALK
@Red-Eagle
@Red-Eagle 2 жыл бұрын
Small Good Decisions. 👍 don't trade anymore than your comfortable losing. I've found that out that myself. Better to stay small and turn it into big gains.
@user-cq9bw3yo1s
@user-cq9bw3yo1s 2 жыл бұрын
Reach me out ⬆️⬆️🚀🚀
@joshuawilson6539
@joshuawilson6539 2 жыл бұрын
Dude your content is always such good quality! Congrats on making the transformations. From one struggling trader, happy to see you progress! Keep going man, one day at a time :)
@KevinMeyerSSK
@KevinMeyerSSK 2 жыл бұрын
LCID to the moon
@walternate2914
@walternate2914 2 жыл бұрын
Love the updates and your transparency in the process. Would also love to see an update video on how things are going this year with you day trading account and how you are playing this crazy volatile market
@tedsexton5406
@tedsexton5406 2 жыл бұрын
Thank you for the clear and reasonably timed video. Your honesty is a comfort as well.
@user-cq9bw3yo1s
@user-cq9bw3yo1s 2 жыл бұрын
Reach me out ⬆️⬆️🚀🚀
@paulvalencia6208
@paulvalencia6208 2 жыл бұрын
Thank you! I'll try to follow your advice!
@jaydallas9895
@jaydallas9895 2 жыл бұрын
nice summary. waiting for a pull back, and being OK with not taking the trade if one doesn't come, seems like basic advice, but is very difficult to execute in the moment. experience and screen time is the only way to learn that one
@zshark365
@zshark365 2 жыл бұрын
Nothing but Wisdom and Facts in this video 💯 This is the way....
@Dunken_Donut
@Dunken_Donut 2 жыл бұрын
Sizing down sounds like what I need to be doing right about now. What you described is exactly what I'll go through when a trade starts going against me.
@user-cq9bw3yo1s
@user-cq9bw3yo1s 2 жыл бұрын
Reach me out ⬆️⬆️🚀🚀
@dr6627
@dr6627 2 жыл бұрын
Hey Daniel, I appreciate your videos. I have just begun my day trading side-career. I love to trade TSLA as it has daily opportunities most times. I was wondering if there's a way I could pick your brain a little on how to find the best setups for TSLA. I struggle to find the best setups sometimes and have gotten burned. I've since reduced my position sizes which has helped a lot like your video has pointed out, but want to improve my win rate. Look forward to hearing from you. Thanks!
@DanielInskeep
@DanielInskeep 2 жыл бұрын
i day trade tsla almost every day. i usually look for a breakout, then pullback around 9ema or vwap and then enter. usually a very quick trade for me.
@DI-Trader
@DI-Trader 2 жыл бұрын
I trade FX, but this video was very insightful to me. I like your delivery of very clean and clear information. Keep up the great work. Definitely a thumbs up.
@user-cq9bw3yo1s
@user-cq9bw3yo1s 2 жыл бұрын
Hit me up 🔥☝️ WE REALLY NEED TO TALK
@Willman2x
@Willman2x 2 жыл бұрын
glad to see supply and demand getting out there more, im a member in investitrade and i would say it has given me the knowledge and confidence to the point where i can feel that im a few steps away from becoming consistent and pay myself.
@SpwnTheBitcoinOverlord
@SpwnTheBitcoinOverlord 2 жыл бұрын
Buy pullbakcs, or short rallies if you are in a general downtrend
@user-cq9bw3yo1s
@user-cq9bw3yo1s 2 жыл бұрын
Reach me out ⬆️⬆️🚀🚀
@NICO-Z-TRADER
@NICO-Z-TRADER 2 жыл бұрын
This is very good stuff ! Clear and valuable information. As a full time day trader, it took me also some time before accepting that if a trade goes against me, it's not because of the market or algos or hedge funds... The problem was ME. Once you realize this, you are on for better clarity. I am happy it's been a long ride now and I am on the green. Thanks DI for this content !
@vreduct
@vreduct 2 жыл бұрын
needed number 4 I haven't been able to hold my trades even though they end up going as predicted. Need to learn to set and forget my trades.
@lilmissbeats
@lilmissbeats 2 жыл бұрын
If there is demand, could you do a video on different Moving averages? 5 day or 20 day and when you might look at one over the other, especially for stops, like you showed in this video.
@darthmaul408
@darthmaul408 Жыл бұрын
I’ve watched so many trading videos from various people, but this channel always speaks loudest to me. Sensible practical advice that I can actually understand.
@moy2549
@moy2549 2 жыл бұрын
Thanks bro, all great tips!
@TheSlowpC
@TheSlowpC 2 жыл бұрын
Good morning! Man, one day the time is going to change on that special clock and I can’t wait for that day.
@DAVIN-qu5yq
@DAVIN-qu5yq 2 жыл бұрын
Hey I can tell you've been reading up on R/RealDayTrading. Market Correlation and OneOption are dope
@henrikthoren1275
@henrikthoren1275 2 жыл бұрын
Great summary David. However you miss one important thing, and that is to add to your winning positions instead of looking to come out at a fixed ratio. Then just let the trade run and exit when the trend dies out. This feels counterintuitive, but it really makes a big difference to your result.
@DanielInskeep
@DanielInskeep 2 жыл бұрын
aye you missed that my name is daniel 🙃 but you're right, adding to winners is a good method and something i haven't really implemented yet.
@henrikthoren1275
@henrikthoren1275 2 жыл бұрын
Oh no! Sorry Daniel 😉 Guess I was to concentrated of the language as I am not native english speaking. You should try it, it makes for a big difference in the result.
@reemobrooklyn3557
@reemobrooklyn3557 2 жыл бұрын
Been following your trading journey from the start. Happy to see you found some consistency. Good luck to you bro. I'm on my journey with it as well so wish you the best and see you at the top.
@Pollerizer
@Pollerizer 10 ай бұрын
Truly excellent video! One of the most straightforward, understandable, and sensible of its kind.
@noahlambrou3729
@noahlambrou3729 2 жыл бұрын
This is why I love your channel. Most of the other trading / stock channels I watch make me nervous to get into trading, but watching these videos makes me excited. Just need to get some throw away money to start with.
@Virtuerichard43
@Virtuerichard43 2 жыл бұрын
⬆️⬆️Msg my What'sap line above to gain information and advise from me on ways you could diversify your portfolio in weeks
@Ramsefall
@Ramsefall 2 жыл бұрын
These are some really useful reminders that you share with a well-structured, relaxed and articulate delivery. If your trading is anything like your delivery, then your days have got to be fairly stress free. Such a key point you make about trading really coming down to being a mental endeavor against ourselves and our ability to follow our strategy--nothing could be more accurate. Thanks for your input, Daniel, it's much appreciated. Keep up the great work.
@DanielInskeep
@DanielInskeep 2 жыл бұрын
thanks for the thoughtful comment!
@maddyshiva625
@maddyshiva625 2 жыл бұрын
Thanks sir 🙏 love form india 🇮🇳
@dcvires
@dcvires 2 жыл бұрын
The last 2 points hit me hard! When I let my emotions take over, TA goes out the window 😅. Needed this reminder.
@darienheebner3064
@darienheebner3064 Жыл бұрын
Try using some other highly volatile trades that have an average margin of 3-5% with enough volume to make sure you can win on the up or on the come down. Your strategy will have to move a bit but with a larger volume causing higher ups and downs more frequently you may be able to have a little more success.
@codystephenson3607
@codystephenson3607 2 жыл бұрын
Best lesson for me was that trading doesn't have to take alot of screen time. Day trading definitely does though.
@_ross5800
@_ross5800 2 жыл бұрын
Thank you thank you thank you for just boiling it down to basics. Thank you!
@jaimeguerrero4677
@jaimeguerrero4677 2 жыл бұрын
Amazing video thanks for the advice
@user-cq9bw3yo1s
@user-cq9bw3yo1s 2 жыл бұрын
Reach me out ⬆️⬆️🚀🚀
@jamalmims2660
@jamalmims2660 2 жыл бұрын
Love the straight to the point videos man keep it up
@adityasethia61
@adityasethia61 2 жыл бұрын
Pro Tip: Stop using indicators and start understanding price instead of just supply and demand. Once you understand how price works you can conquer any chart possible.
@user-cq9bw3yo1s
@user-cq9bw3yo1s 2 жыл бұрын
Hit me up 🔥☝️ WE REALLY NEED TO TALK
@NoelBTradin
@NoelBTradin 2 жыл бұрын
Can you explain? Beginner trader here
@ajitfhamtrading-9303
@ajitfhamtrading-9303 Жыл бұрын
As 3 years experience Ex Day trader ORder flow i can say that don't bother urself with day trading and just focus on investing cuz u will work just to pay the broker
@wgm7919
@wgm7919 2 жыл бұрын
Just discovered your videos, I’m only about a year into learning about trading, and finally starting to wrap my brain around concepts that hav confused me for so long. Really love your experiential take on this journey. It’s giving me another data point of context in what it takes to be successful in this. Keep up the great content!
@Virtuerichard43
@Virtuerichard43 2 жыл бұрын
⬆️⬆️Msg my What'sap line above to gain information and advise from me on ways you could diversify your portfolio in weeks
@Cjkhaled
@Cjkhaled Жыл бұрын
only a year? bro thats a long time
@HIEPNGUYEN-mf8ct
@HIEPNGUYEN-mf8ct 2 жыл бұрын
I have been day trading for half a year now and I've gotten to a point where almost every trade I take I will always average out to breakeven (it took a lot of losses to get here). Everything you layout in the video is dead on, I just seem to forget it every now and then when I tried to go with a more heavy position on my option contracts. But somehow I always ended up back to these strategy... its like my brain want more profit but different strategy every time. The journey is real!!!
@Virtuerichard43
@Virtuerichard43 2 жыл бұрын
⬆️⬆️Msg my What'sap line above to gain information and advise, your account can also be managed by me, making good potential returns
@jakemillerdoesmoney
@jakemillerdoesmoney 2 жыл бұрын
I still want to try this so appreciate learning from all your lessons
@danieldiaz1954
@danieldiaz1954 Жыл бұрын
Great video! These are spot on and the same conclusions that I have painfully arrived to.
@ai_robozen
@ai_robozen 2 жыл бұрын
Super solid
@brandonmorrrison4747
@brandonmorrrison4747 2 жыл бұрын
Hey Daniel, Love your content it's helped so much. What platform or scanner would you recommend for doing analysis of the market?
@Yourowner
@Yourowner 2 жыл бұрын
watching other markets will help u comeinbg in to onother market i will watch bloom,berg u get all markets i trade us markets so i start watching bloomberg at 1am or 3 am but yo got to start early
@pn4640
@pn4640 2 жыл бұрын
Amazing content. Thank you. I still don’t know how to trade options but everything else you said in this video resonates with me. Started trading big caps a month ago, I buy pull backs and it’s working way better than when I used to trade small penny stocks.
@UnbiasedTradingGoshawk
@UnbiasedTradingGoshawk 2 жыл бұрын
Really good advice to people who are new or even semi aware of trading, great summary
@noel3700
@noel3700 2 жыл бұрын
Why not use a trading algo? While it can be hard to find a good one, I prefer and use a really safe, conservative trading algo for the long run that scrapes. Still earns me good money (€50-€700) a day (€30k in my trading acc) - almost no losing days, very consistent and less risk, trades with no emotion and you dont have to do anything to make money, and it compounds fast. Algo's know things humans can never see or do, thats why I prefer. No Im not a bot and no I dont sell anything, just curious as it takes so much work of manually trading.
@DanielInskeep
@DanielInskeep 2 жыл бұрын
i'm skeptical of algos because if they work, there's no need to sell them. one could scale up and make as much money as they wanted. if you have one you recommend, lemme know.
@Virtuerichard43
@Virtuerichard43 2 жыл бұрын
⬆️⬆️Msg my What'sap line above to gain information and advise from me on ways you could diversify your portfolio in weeks
@JenMarco
@JenMarco 2 жыл бұрын
Great video! I need to remind myself of these rules every day! Maybe I should watch this video every morning at 9am
@lourenssmith9676
@lourenssmith9676 2 жыл бұрын
This is good advice! Good on you for covering both strategy and the emotional game. So so important.
@Fiber_Floor_Art
@Fiber_Floor_Art Жыл бұрын
would you give an insight on what you study before the market opens? Do you use a paid newsletter or website? Or a free website?
@DanielInskeep
@DanielInskeep Жыл бұрын
i just trade technicals, so i just look at charts and keep an eye on what (if any) market-related news are slated for release that day.
@ARNULFOXRAMIREZ
@ARNULFOXRAMIREZ 2 жыл бұрын
Thank you for this video. I have been trying to get into trading, and your videos have answered so many questions. Thank you.
@kennytnt06
@kennytnt06 2 жыл бұрын
Great tips, thx buddy
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