I Tried Becoming a Funded Day Trader

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Daniel Inskeep

Daniel Inskeep

Күн бұрын

If you want to try the Topstep Combine for yourself to try and become a funded trader, here's a link that will save you 20%: tracking.topsteptrader.com/SHS8
WATCH PART 2: • I Tried Becoming a Fun...
WATCH PART 3: • How I Became a $150,00...
In this video, I try and become a funded trader.
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0:00 Intro
01:11 How it Works
02:12 Day 1
04:01 Day 2
05:28 Day 3
07:01 Day 4
09:23 Day 5
10:55 Day 6
12:18 Day 7
12:57 Day 8
14:58 Day 9

Пікірлер: 864
@DanielInskeep
@DanielInskeep Жыл бұрын
the ultimate new years resolution: hitting the thumbs up button on all of my videos.
@yyurrrr
@yyurrrr Жыл бұрын
u have questionable morals sir
@washingtonmaina
@washingtonmaina Жыл бұрын
i love the current series, i remember there was a dropshipping teaser for the next video LOL, still eager for that : )
@andrews7763
@andrews7763 Жыл бұрын
I love your trading videos. It’s a pleasure to watch you trade always!
@michaelmachos8969
@michaelmachos8969 Жыл бұрын
Happy New Year!
@carlosinchile
@carlosinchile Жыл бұрын
Liking the sticktoitivness. You’re getting better.
@JDCovah
@JDCovah Жыл бұрын
The best advice I ever got was from a smart friend who wasn't even a trader. I showed him a trade I made and said "It was good but I could of made much more if I held it" and he just plainly said "Yeah but it's irrelevant because you didn't know" like it was obvious. Even though it's so simple, now every time I miss out out on a bigger move I just remind myself it's irrelevant because I didn't know that in the moment. Being upset about missing even bigger profits can lead to revenge trading because you feel like you should have what you missed out on.
@DanielInskeep
@DanielInskeep Жыл бұрын
agreed. my main issue with it is when i move my SL, get knocked out, and then my target hits. *that's* when it's most frustrating.
@achalpathak91
@achalpathak91 Жыл бұрын
@@DanielInskeep Hey nice vids, I think your stop loss are too tight....have you tried putting stops based on atr value or something.
@kevino4846
@kevino4846 Жыл бұрын
Your comment directly correlates to the old Wall Street saying "No one ever went broke taking a profit". You are on the right track with that thought process.
@JDCovah
@JDCovah Жыл бұрын
@@DanielInskeep I had that problem and experimented with only entering through orders. This way even though you may miss some trades you want, when you do get the trade, your stop loss is in a more reliable place because the entry is better
@Dirtybird51077
@Dirtybird51077 Жыл бұрын
@@DanielInskeep happens to me all the time. Every time I don’t take profit and decide to hold on for bigger target I get stopped out only for it to go in the right direction. Nothing worse than getting stopped out for no reason
@yaboy5515
@yaboy5515 Жыл бұрын
Man day trading has been by far the most difficult thing I have ever done. My first year I lost 50k, wanted to die. 2nd year I made 13k not happy, but I learned a lot. My 3rd year I made well over 350k in profits, and now I am entering my 4th year. You literally have to change as a human being to be a good trader.
@DanielInskeep
@DanielInskeep Жыл бұрын
it is the most difficult thing i have ever done as well.
@Jascensionvoid
@Jascensionvoid Жыл бұрын
Would love to hear what changes you made as well. I'm 2 years in and getting better, but still not consistent
@yaboy5515
@yaboy5515 Жыл бұрын
@Xasuo I started in late 2019, I just saw a reddit post about some guy making 500k on tesla and jumped in. I got my ass handed to me, I was following twitter people, discord chatrooms all that shit. Then I realized nobody knows where the market is going, and I should only be taking my ideas because then I can have conviction to hold. The rest is market experience, when you wake up every single morning looking at the charts you develop a sense of intuition, now I trade on pure auto pilot from all those hours well over 5000+ hours of chart staring by now, and focus on a few strategies, learned risk management in order to keep the gains, because ultimately trading is about how much of the gains you keep, not whether you're right or wrong.
@OakRoute
@OakRoute Жыл бұрын
@@yaboy5515 what do you trade most ? i have traded USOUSD WTI crude oil alot and tried master that for trading
@shadowxoxx
@shadowxoxx Жыл бұрын
@@yaboy5515 have you tried to pour your experience in an EA?
@Siegefya
@Siegefya Жыл бұрын
Dude, that was a MAJOR improvement in your futures trading compared to the other 3 videos. Day trader next door has said....if you can get to around a little profitable in futures or even break even...you're damn near there to being full on profitable, so you are pretty much there man. Keep going! great editing, as always love the transparency...don't lose your confidence you are almost there bro.
@deltalordtrading
@deltalordtrading Жыл бұрын
exactly, if you are a BE trader , you're doing better than 90% of traders.
@DanielInskeep
@DanielInskeep Жыл бұрын
i appreciate it - thanks for the kind words!
@TradesbyMatt
@TradesbyMatt Жыл бұрын
Patience, Green is Green! Love the video Daniel. You can tell your trading is looking great!
@Bad4Good2
@Bad4Good2 Жыл бұрын
He’s better than you lol
@bennybenben5430
@bennybenben5430 Жыл бұрын
Matt is here!!
@shantanu925
@shantanu925 Жыл бұрын
@@Bad4Good2 checkout his channel.
@Bad4Good2
@Bad4Good2 Жыл бұрын
@@shantanu925 I have.
@shantanu925
@shantanu925 Жыл бұрын
@@Bad4Good2 👍
@JamieMcCarthy01
@JamieMcCarthy01 Жыл бұрын
As a European who is a fulltime trader i notice a common thing among alot of american traders who trade Nasdaq, S&P and the like , risk management. It always best to risk the same amount per trade instead of having variable losses. For example being risking $100 dollars every trade so you're keeping losses the same and targeting a fixed risk/reward so that if you're edge is working that you will be profitable in the long term and the bigger losses wont be holding you back, instead of having sometimes 3 or 400 hundred dollar losses. Best of luck with your trading Daniel
@ltuedits4427
@ltuedits4427 Жыл бұрын
Hi mate, I'm from the UK and want to start trading, any European or UK platforms u could suggest that you use?
@brunomacedo8213
@brunomacedo8213 Жыл бұрын
Which platform do you use? Also in Europe and I wanna try another plat.
@JamieMcCarthy01
@JamieMcCarthy01 Жыл бұрын
@@ltuedits4427 I personally use metatrader 4
@JamieMcCarthy01
@JamieMcCarthy01 Жыл бұрын
@@brunomacedo8213 i use metatrader 4
@arjan8113
@arjan8113 Жыл бұрын
what do you trade preferably? Futures like in this vid?
@christopherknox1124
@christopherknox1124 Жыл бұрын
I'm really impressed with how much you've improved since the last videos, it's really fun to watch! I'm also currently going through an prop evaluation so I'm right there with ya.
@SteakFromJakeFarm777
@SteakFromJakeFarm777 Жыл бұрын
great video man. appreciate the transparency. and also getting to witness your progress. feels like you’re right there. stick with it and don’t put too much pressure on yourself. you got this!
@bethanykish6013
@bethanykish6013 Жыл бұрын
Hi Daniel, just recently found your channel and im loving it! I really respect that you are so transparent. On a totally unrelated note, you have a great voice, its very soothing. You could probably make good $$ narrating stories for people with anxiety, no joke. I have it, and have found myself just listening to your videos when I need a calming distraction from my overactive mind. Something to consider? Regardless, thanks much for all your doing on your channel. Wishing you great success and happiness.
@brianct7801
@brianct7801 Жыл бұрын
Dude, your trading has LEVELED up! We're basically adapting at similar rates, using similar tools (Bookmap, etc...), and have roughly the same general strategy (targeting supply/demand zones). This was a major inspiration and got me seriously considering TopStep (and similar programs). Well done. I've recently switched over to ES as well; seems to respond to lvls more reliably than NQ/MNQ. Lastly, don't beat yourself up - Late Dec thru mid Jan were ABSOLUTELY brutal as far as weak volume, market reaction to economic reports, etc. Please try again soon. P.S. I can't speak for you, but constantly adjusting your SL to allow for more drawdown makes me cringe, personally. The more consistent my stops are, the better my entries get over time.. swear to God. Sometimes I stop out and reinter instantly if levels are still looking good; usually I'm able to spot where the original entry mistake was made (even if it was off by just 2pts tops).
@Goldpony95
@Goldpony95 Жыл бұрын
Daniel I have just started to learn trading and am already many many hours deep into studying into the fundamentals of trading. You have been a great help with your honesty and also your calm personality in your videos. You have been a great resource for myself and many others I would say. Keep the videos flowing and I will keep watching you. Thank you !
@kristofsznida724
@kristofsznida724 Жыл бұрын
You're doing great! Not giving up after all these years is key. I struggle with impatience and exiting trades prematurely as well, for me it helps if I enter a trade, set my stops and just ignore the trade until it closes, staring at it as it goes adds a lot of suspense and anxiety.
@WilsonTrades
@WilsonTrades Жыл бұрын
love the dedication you're putting into becoming a better trader
@IaMxNitro
@IaMxNitro 9 ай бұрын
What a great video. Amazing editing and patience while recording this. Max respect. You motivate me.
@slintor
@slintor Жыл бұрын
Two things stand out for me in analyzing your performance: #1 When your first trade is a loss, your day tends to get worse. When your first trade is a win, your day tends to continue to improve, peaking around your 2nd/3rd win. Might try stopping day if first trade is a loss, or after 2-3 trades if first trade is a win. #2 you put a lot of pressure on your self in missing home run trades, but you never make any home run trades so that doesn't seem to be your strength, so just focus on small-medium base hits as your strength. Centralize around your strengths and expand on them. Those 300-400 dollar plays see if you can expand those to get 400-500 out if context allows. Those 100-200 dollar plays, try expanding those out to 200-300 if context allows. I think the combination of these two points could see your stats move towards your winning days being 2:1 your losing days which will create a healthier, consistent pnl curve. Great job!
@DanielInskeep
@DanielInskeep Жыл бұрын
i appreciate your analysis, thanks!
@hugoveliz1667
@hugoveliz1667 Жыл бұрын
I just started getting the interest of day trading and wanted to say that I appreciate your honesty! You don’t fake things and show the good side of it but also the bad. Your my fav day trading youtuber for sure. Hopefully you can teach us how to use that platform you used in this vid!
@yousofradwan506
@yousofradwan506 Жыл бұрын
Great video as always, you make us feel the pain going through all if this, thanks for sharing your journey to be funded
@Kettletrigger
@Kettletrigger Жыл бұрын
I'm right there with you dude. It's amazing how much harder trading gets when there's something at stake.
@whatislifebro
@whatislifebro Жыл бұрын
the pressure will kill your success and this goes for any sport, pressure comes, logical thinking goes out the window, survival mode kicks in. Calm under pressure is the peak performance of athletes. There are also some simple tricks they use to be "calm under pressure"..
@id10t98
@id10t98 Жыл бұрын
A guy can beat you at billiards for days on end until you bet a beer on the game, then he will fold like a cheap suit.
@whatislifebro
@whatislifebro Жыл бұрын
@@id10t98 what is Bullards
@ThisisLeee
@ThisisLeee Жыл бұрын
Really great video! I understand all the emotions you went through as I've went through it myself passing the topstep combine and becoming a funded trader.
@Miao251
@Miao251 Жыл бұрын
Love these videos, cant wait to the next one. Good luck Daniel!
@Icyclubb
@Icyclubb Жыл бұрын
The thing about these Funded Challenges is that we are not trying to get this big account to trade and then suddenly make a lot of money. The expectations need to be realistic and the goal needs to be thought through a little more for most people. The goal of working for a Funded Company like TopStep is to use their money to make a business out of your trading. If you pass the challenge, suddenly you have enough money to maybe consider trading full time. Longevity in the markets is the goal. Making enough money to maybe pay for your food for the month or some bills you have to pay, and then gradually making more as you get more experience. Most people lose these challenges and in trading in general because they want to get rich quick and their emotions take over their trading. The goal is not to pass the challenge for the Prop Firm, but to last in the markets for many years to come.
@DanielInskeep
@DanielInskeep Жыл бұрын
yeah, solid insight 👍🏻
@KevinDiaz-kk4wk
@KevinDiaz-kk4wk Жыл бұрын
Hey Daniel! Thanks for posting all your trade videos. I like also haven’t been very profitable, but with every loss I learn valuable lessons. I can see that the same is happening with you too! Continue the grind
@nathanfroehlich8583
@nathanfroehlich8583 Жыл бұрын
Yo i’ve watching you for a while love your content man keep up the good work
@djsvalera
@djsvalera Жыл бұрын
Hey man I respect the Grind and Im glad to see the improvement! Best of luck getting funded!
@crazyhorsetrading8655
@crazyhorsetrading8655 Жыл бұрын
Daniel I would like to thank you for these videos. I love your honesty, the fact you show your losses as well as the wins is hugely helpful. I have always stayed out of trading. Lately the urge to trade has gotten strong again. Having never traded, videos such as yours are very important, to show its not all glitz and glamour, and the fast buck in general a fallacy and that you can loose your shirt in short order. Thanks once again. I'm following your journey.
@JaredHillhouse
@JaredHillhouse Жыл бұрын
Very Nice Daniel. That's a huge improvement over your previous trading videos. When you started with Day 1 I thought you weren't going to do any better, but the days following that were a huge improvement. It's inspiring to see as I'm consistently working to try to understand this game out better. One thing that I've felt with stop losses, is I don't put in automatic stop losses - somehow I feel that the algo's see those sitting there waiting and they intentionally hit them to stop out retail traders. I continually monitor my position and manually close the trade at as the trade turns against my original thesis or against the indicators I'm using. Maybe it would help to not get stopped out and then watch it continue in your favor had you still been in. Keep up the great work. I've been watching you guys for years from Mango Street.
@kingdemon4236
@kingdemon4236 Жыл бұрын
if you are getting stopped out a lot, its because you are placing your stops where the majority places its stop. The algos or market makers dont care about your stop
@alexderiugini6087
@alexderiugini6087 Жыл бұрын
Thank you for sharing your amazing journey. You are moving in the right direction and you are growing in so many ways. It’s a mental game so always pat yourself on the back and say great job. Practice self love and forgiveness (I know it sound cheesy) no matter if it’s red or green. ❤✊
@PeteBuchwald
@PeteBuchwald Жыл бұрын
I always love your challenges Daniel. I look forward to part 2. Selling options verticals on the SPY has been good to me lately. The idea of technical trading like you are ....... gives me ulcers jut thinking about it, seems like betting on a coin toss.
@jasonauger2914
@jasonauger2914 Жыл бұрын
I used to have problems with moving to break even as well. I started paying attention to when price breaks major number levels, 00s and 50s. Has really helped, give it a shot and don't give up Daniel!
@nickmarshall5095
@nickmarshall5095 Жыл бұрын
love the authenticity and keeping it real, also great editing
@squiddlykicks8327
@squiddlykicks8327 Жыл бұрын
Thanks for keeping it real, Daniel. There's no doubt your trading has improved. Keep it up, bro!
@HIEPNGUYEN-mf8ct
@HIEPNGUYEN-mf8ct Жыл бұрын
Great work!! You have improve so much. Dont worry you are not the only one. I'm messing up with my stop loss as well. Keep at it! Hopefully we can pass this hurdle.
@firstgenbread
@firstgenbread Жыл бұрын
Been keeping up with your series here. Love the progress. Actually had my first full year trading last year and ended the year green! Small green but looking to exponentially improve with more experience coming in. Cheers
@erayozvarlik
@erayozvarlik Жыл бұрын
Loved the honesty and quality of the video. 2 years of trading sounds enough but the psychological shortcomings to overcome take quite some time. Your patience behind the screen is admirable tho. Some people give some effort to even reach that point, 'ahem' like me.
@NICO-Z-TRADER
@NICO-Z-TRADER Жыл бұрын
Wow Daniel, I am impressed. Your trading improved a lot ! These challenges are not difficult seen from outside. But the hardest part is the psychology and the pressure behind it. Thanks again for this good content !
@AmateurRadioSouthAfrica
@AmateurRadioSouthAfrica Жыл бұрын
Happy to have you back! Missed the videos!
@mehdisahraoui8002
@mehdisahraoui8002 Жыл бұрын
Thanks Daniel for your transparency !!!
@treyguy8814
@treyguy8814 Жыл бұрын
Been hyped for this video since our convo in Matts chat. Keep up the grind! Excited for part 2
@CaliforniaCarpenter7
@CaliforniaCarpenter7 Жыл бұрын
First thing's first: I admire your tenacity, 98% of us would have walked away after the first few experiments, but you kept grinding. That is why you are where you are! Secondly, I will take the leaves on your back patio if you're looking for a yard work guy 😁. Excellent content my man!
@theaihairguy
@theaihairguy Жыл бұрын
you got this shit dude, keep at it, lots of us right along side you in this journey, its certainly a skill worth mastering. Don't give up.
@DanielInskeep
@DanielInskeep Жыл бұрын
thank you
@kriscolumb3551
@kriscolumb3551 7 ай бұрын
Man. You are for me one of the most authentic KZbinrs out there. I really enjoy watching your videos. Thank you!
@DanielInskeep
@DanielInskeep 7 ай бұрын
i appreciate that!
@leandroscatania7620
@leandroscatania7620 Жыл бұрын
I got my first funded account after failing 17 combines. All I can say is be patient and learn from your mistakes. You only really fail when you give up!
@anmolsharma433
@anmolsharma433 Жыл бұрын
I am on the same no 17 fails so far rn on 18th passed phase 1 on phase 2 went 50k to 46800 took break of 3days came back and now at 50574 need 1986 more to get funded
@leandroscatania7620
@leandroscatania7620 Жыл бұрын
@@anmolsharma433 hope it goes well! wish you the best of luck :)
@jamesboddington9565
@jamesboddington9565 Жыл бұрын
Your futures trading has definitely improved Daniel! Look forward to the next installment
@palmetto.
@palmetto. Жыл бұрын
Great video dude, love seeing you in the TBM stream chat too. I used to and still do struggle with the stop-loss taps that take you out at b/e right before the trade goes your way but something that really helped was learning to set my stops at points of invalidation (ie. when the trade clearly was no longer following my thesis) & not touching them (I know, way easier said than done). Korbs has a great video somewhere on his channel going over the entire psyche concept of "being afraid of losing money" and that's why its so mentally satisfying to set the stop at b/e but in the long term all that does is ruin your r/r.
@Lokiee007
@Lokiee007 10 ай бұрын
Really nice to see you doing well, I can see the same issues I face trading on a Demo & Live Account, the Fear and the hesitation.
@samstone2476
@samstone2476 Жыл бұрын
Man definitely see improvements. That first week you where following your trading plan. You just got in your head. It’s all good. Try to work with fixed stop losses and take profits. Go for a 1.2 or 1.3 ratio for your setups, that way you even if you take a loss your winner will always make up for it. Good trading man each trade is a lesson
@TheBuckMagoo
@TheBuckMagoo Жыл бұрын
Keep at it man! I found with my trading that clearly defining how I wanted to enter, exit and trail my stop was extremely helpful for dealing with uncertainty. Scaling out 25%-75% of the position on a target order and trailing a stop beyond swings on the remainder will allow you to both lock in profit and catch the bigger market trends move. Make sure the current swing has sufficiently tested the prior extreme before trailing your stop to that level, lest you be stopped out on a two legged pullback just before a continuation. Happy trading!
@KaliAndy2
@KaliAndy2 Жыл бұрын
this is excellent advice.
@BradFinn
@BradFinn Жыл бұрын
Daniel, I have been doing the same stuff moving stops. I have started walking away from my computer after I enter a trade and it helped a ton! Too many weeks of getting stopped break even and then it moves. Love the videos!
@DanielInskeep
@DanielInskeep Жыл бұрын
nice, best of luck with your combine!
@HefTrade
@HefTrade Жыл бұрын
Keep rockin' it Daniel! You are making great progress dude!
@frozenyetimug
@frozenyetimug Жыл бұрын
Day trading is so subtly intense that I was getting nervous watching. I've failed one or two Topstep combines and can relate with everything you said! When I get some more time I can't wait to try again.
@liemhuynh5863
@liemhuynh5863 3 ай бұрын
Brooo! Your cinematic videos and audio quality is refreshing to watch and hear. 😄
@wateveryo
@wateveryo Жыл бұрын
You can tell your trading has improved since the other videos man
@415bryant
@415bryant Жыл бұрын
I just like the fact that you keep trying and learning.
@TradeBrigade
@TradeBrigade Жыл бұрын
Nice improvements and lessons learned. Hands off that stop!! Cheers Daniel, rooting for ya to get that funded account. GGs!
@DanielInskeep
@DanielInskeep Жыл бұрын
thanks, i appreciate it!
@at_all_cost5016
@at_all_cost5016 4 ай бұрын
Love the fails and wins. Thanks for the perspective!
@JoseLuna-qk6pc
@JoseLuna-qk6pc Жыл бұрын
I was $600 away from passing the 100k step 1 but one of the key bad habits at least for me is being nicely green let’s say $1,500 on the day and still over trade the greed takes over so I will use this weekend to reset and analyze my mistakes, best of luck to you my man 💪🏼
@anmolsharma433
@anmolsharma433 Жыл бұрын
I ruined the 100k challenge for 300$ and hit the daily drawdown
@luisgalvez4303
@luisgalvez4303 Жыл бұрын
Goodluck 🍻 brotha
@Kevin-Wilson
@Kevin-Wilson Жыл бұрын
Great video man, one thing I will say which I will say is follow your plan to a tee, yes that may sound easier said that done however towards the end of 2022 how I dealt with trading emotions is, my plan is black and white, my plan does not have trading emotions written in it, it is a if then process > if i see this then i do this, then i do this etc..... my plan does not have anything based on emotion. So if my plan is tested and I have data to back up my edge then check the boxes and dot the i's. It is as simple as that. Constant reminders that my plan does not have emotions helps me. What I would also suggest which may help is review your trades taken on the challenge where you actively managed them and log how did they play out if you had no management at all. Another emotional trigger "i closed here because i didnt like this", it may be in your plan to do so but if it is not then you shouldn't. It can be beneficial to see if your management is actually hindering your performance. I suggest this be done over a years worth of trades taken rather than a handful to get a clear indication
@mahmoudalmasri4132
@mahmoudalmasri4132 Жыл бұрын
Great progress, great improvement, keep up the hard work and dont feel down, usually thats how the plans work, but you're definetly on the right track, revising everything you're doing daily, checking out your mistakes, all of those are steps to success, no one said it was easy, but your progress is huge
@mahmoudalmasri4132
@mahmoudalmasri4132 Жыл бұрын
Here is a small advice, I suffer from aniexty disorder, and while trading this was a big wall that I couldn't cross for years, my solution to it was building a base for my strategies, where everything is drawn to me by the movements of the market and my trades are the same everytime, trading 2-3 strategies and getting 1-3 trades a day, if you want we can meet up in a call and I can show you what I'm talking about
@FranklinPiens
@FranklinPiens Жыл бұрын
Good Luck Daniel!! Been resetting for a few months now. The old 'mistakes' : greed, revenge trading, chasing, arrogance after winning days of +2000$, .... you name it. Taking it slow now, 1 contract at a time, aiming at 500$ unless I can let t run..... with my FUNDED account :)
@Stpetersburginjurylawyersmp
@Stpetersburginjurylawyersmp Жыл бұрын
I'm on the same journey, it's hard to wait for the right set up while not hesitating.
@RyanSignett
@RyanSignett 10 ай бұрын
Dude I love how honest your content is. Im literally at the start of my journey with trading and have zero experience. Can you recommend where to go to for beginners to learn what the hell it’s all about. Stay blessed!! Thanks in advance 💪👍🙏
@Oto265
@Oto265 Жыл бұрын
hey man , i trade full time and have a little tip for you when moving your SL. dont sell everything at once when the move is in your favor, move the SL and sell like 20-60% and take some profits, then you can sit tight with no sweat and get big moves like that. idk but just a tip i learned that always works for me (keeping me out of stress and catching the bigger moves)
@palmetto.
@palmetto. Жыл бұрын
Hey Daniel, noticed you haven't posted here in a while. I come back to this video every now and again. One thing I've personally picked up since I first saw this video and something I think might help you as well (especially trading ES) is to enter a trade with multiple contracts and scale half off at say 2pts, that way you can move your stop to 2pts on the remainder of the trade and it's risk free while also giving you breathing room around your entry. Love the videos and looking forward to the next post!
@danielpetresc
@danielpetresc 9 ай бұрын
Very good video!I love it!Keep it up!
@caneofc
@caneofc Жыл бұрын
7 year trader here: can tell you been putting in work to learn man. good shit. keep pushing
@masont5461
@masont5461 Жыл бұрын
Try having the 1st contract take profit the same distance as the stop. Say your stop is 3 points then 1st scale is 3 points. That way you are risk neutral and don't have to move your stop to break even. IF scaled you will make $0 on the trade if market comes back to your stop. Ideally your stop location would be out of the noise and your runner target is far enough away to make it worthwhile. Take stats on your trades to see how often you take a full stop/Scaled then stopped/Scaled + target hit. By becoming risk neutral you can allow it to work and it easy on your mental. Good Luck!
@michaelt2284
@michaelt2284 Жыл бұрын
One of the main issues with this strategy is the amount of size he has on. 2 ES minis is $100 per point move, you have only $2,000 to work with before failing the account. That gives you only 20 points of being wrong. If he was trading micros, then he could scale some out & let the others run. He could even add onto the position, if price comes back to his entry area. I would recommend Apex Trading since they give you a $2,500 drawdown & have 80% off sales. They recently did a 90% off New Years sale, meaning a 50k eval account only costed $18, along with a 1 time payment for their Performance Accounts. Again this is just advice for those struggling to pass these eval accounts.
@DanielInskeep
@DanielInskeep Жыл бұрын
yeah, i agree that i was over-leveraged.
@adrianu1017
@adrianu1017 Жыл бұрын
Great video Daniel. It took me a little while to pass step 1 but worth the patience and time spent learning. During step 1 I would cut the risk in half trading 5 micros until I reached $150-$180 and then switch to minis and only risk what I made. It took longer but it got me through. Good luck and looking forward to the next video.
@shookmusic3277
@shookmusic3277 Жыл бұрын
Mes is the way for 50k. good thinking half size your position. over leveraging kills.
@DanielInskeep
@DanielInskeep Жыл бұрын
i like it.
@deltalordtrading
@deltalordtrading Жыл бұрын
Exactly, I am in the boat of "Earn your size" then increase it . That way if you lose you are right were you started for the day.
@zoeyluna1352
@zoeyluna1352 Жыл бұрын
I understand the message you are trying to convey and I applaud your efforts. Current and future investments are needed to lift people out of poverty and fight inflation. There are many benefits to investing, especially when it comes to making the right investments, which requires thorough research, especially when choosing a relevant broker to invest in. Educational videos like this one help to raise investor awareness. I appreciate the effort YOU put into creating this content, thank you.
@henxrichard8758
@henxrichard8758 Жыл бұрын
The process of investing isn't always easy; There are times when brokers don't deliver the results we are looking for and there are times when KZbin videos are ineffective. But as an investor, I'm not giving up. I wish we could solve all our investment problems.
@lawrencevictoria3643
@lawrencevictoria3643 Жыл бұрын
Unfortunately, not everyone can understand KZbin videos, and most of us are too busy to learn effective investing techniques. Most of us have fallen victim to bad investments. Without a doubt, we need professionals or good brokers; But how can we identify one?
@robertzcarlos7140
@robertzcarlos7140 Жыл бұрын
@@lawrencevictoria3643 Having a coach in this red market is key, My advisor is MELISSA SPALINGER You can easily look her up, she has years of financial market experience.
@garderappleseed9872
@garderappleseed9872 Жыл бұрын
It is really refreshing to see a comment about Melissa Spalinger..I got a chance to benefit from her services few months ago and it has been a very smooth experience..
@kanancooper9895
@kanancooper9895 Жыл бұрын
All good investors are conversant with this Expert.. She's unique in the field just got to keep to her instructions and you Excel
@SkunkMonk
@SkunkMonk Жыл бұрын
lesson learned from this video. Trading is best done on days when the VOLATILITY is the least. thanks for showing an honest video. consider me subscribed.
@algot9555
@algot9555 Жыл бұрын
Maybe a weird compliment, but I find your videos so cozy and soothing for some reason. Might be the editing or your laid-back style🤙🏻
@petfxacademy
@petfxacademy Жыл бұрын
Keep Going! I know back in the days needed the whole 30 days to pass, now i pass within 1 week or less. Keep grinding mate, Patience and discipline!
@alexandrocalvin
@alexandrocalvin 6 ай бұрын
That's crazy mate! your setup looks very cosy
@Flaco32611
@Flaco32611 Жыл бұрын
Wow big improvement from your past videos. Dont give up you will get it!
@GetIrked
@GetIrked Жыл бұрын
I've been in the market for 25 years and the best piece of advice I've gotten is: "if the stakes are affecting your trade, reduce your size until they aren't." This is one of those easier-said-than-done situations, but it's true. If the amount you have on the line is affecting your psychology, reduce the amount. If that means going back to paper-trading, then you go back to paper-trading. Fantastic video, Daniel. Keep it up.
@codingmutant9066
@codingmutant9066 Жыл бұрын
i trust you more than any person in KZbin in the trading genre you show the real expectation and i love that.. keep it up from Ethiopia.. i am starting a journey wish me luck
@entwaze
@entwaze Жыл бұрын
honestly its great to see the improvment, i was getting worried 🎊
@LaneParsonsMusic
@LaneParsonsMusic Жыл бұрын
Your honesty and transparency is so incredible, thank you so much for putting this video up!
@suncasa2224
@suncasa2224 Жыл бұрын
I love trading futures. I also love Tradovate. If you use a larger time frame for targets it helps.
@yaaseengallant2951
@yaaseengallant2951 8 ай бұрын
this is probably the absolute most helpful trading video I have ever watched
@AndrewCapital
@AndrewCapital Жыл бұрын
You should try other firms like FTMO, MFF / MyForexFunds, and TFT / TrueFundedTalent. I really don't recommend going with TopStep because their business plan is made to make you fail. Read their contracts. Also, on TopStep you need to pass the accounts 3 times and the third challenge is where they typically "fund" you but really they don't because they don't mention that it is mandatory to make 5% with a deadline that they don't also mention and then you get the real account.
@Metziiii
@Metziiii Жыл бұрын
Love this brotha keep it up 📈
@FlaminCornbread
@FlaminCornbread Жыл бұрын
Just got funded on my prop firm account. Keep it up man!
@F1Trades
@F1Trades Жыл бұрын
Well I’d like to say thank you. I have been finding it pretty challenging to stick to my strategy and stay confident in it. However, I think this video is what I needed. I wrote some stuff down and I plan to stick to it. I will update y’all when I pass step one! (Which is hopefully in two days)
@luisffpf
@luisffpf Жыл бұрын
So, how is it going? :)
@F1Trades
@F1Trades Жыл бұрын
@@luisffpf Well it seems I still struggle to trust myself, but that is to be expect I know it’s going to take some time. Again I will keep you all posted and hopefully I’m past step one by the end of the week!
@F1Trades
@F1Trades Жыл бұрын
It seems my biggest issue is taking profits prematurely, and I think that is a good issue to have. I also think once I trust the rex oscillator a little more I should have some pretty well timed exits.
@saintfitt9017
@saintfitt9017 Жыл бұрын
@@F1Trades you having these problems before you don’t have a clear strategy that’s why you take profits prematurely because your strategy isn’t clear and also you should backtest your strategy 500-1000 times and you will no if your strategy profitable and it will take away the nerves I’ve a six figure trader btw.
@toshka3514
@toshka3514 Жыл бұрын
Yeah, you have improved! Keep going!
@davidworrell86
@davidworrell86 Жыл бұрын
I really appreciate this. Thank you
@MMT-24-7
@MMT-24-7 6 ай бұрын
Just partially close your position after you hit a 1 :1 risk reward. The other half can go and do its thing, while you already have half of it in profits. Keep making great videos and good luck with future endeavours!
@jsouler
@jsouler Жыл бұрын
love the Eames chair and the vibe of the whole video man. got another week or two of paper trading futures myself before i think im ready. thinking about joining topstep as well.
@quinnvariocurry6422
@quinnvariocurry6422 Жыл бұрын
glad I could actually catch one of your vids the day of posting. cool
@theotromp9174
@theotromp9174 Жыл бұрын
Nice to see that you are improving in trading!
@Jascensionvoid
@Jascensionvoid Жыл бұрын
Hey Daniel! I can relate to this video so much. I've been trading for 2 years, luckily I have a dayjob that gives me the freedom to trade all day. But it's the hardest thing I've ever learned and the mental battle is the real background. I'm still not profitable, but getting better and better. I've also started to trade futures the last 8 months with APEX, but I have lost way more than I passed. I've only passed twice so far and each time loss the PA account the next day. That really breaks you. I'm currently working on getting funded again. I lost my Dad and my brother last year and also my Mom is sick. So I need to succeed. I don't have any other choice! You'll get there brother! Keep your head up :)
@DanielInskeep
@DanielInskeep Жыл бұрын
it is the most difficult thing i have tried to do. best of luck to you
@Peter_Potato
@Peter_Potato Жыл бұрын
Trading is something you should avoid given your personal circumstances imo
@MrBazukaz
@MrBazukaz Жыл бұрын
@@Peter_Potato exactly,in a job the money part is already taken care off less stress, where as in trading it's all about money,the moment you attach any emotions to it, the markets will hit you like a rock.
@gaberoyalll
@gaberoyalll Жыл бұрын
hi Josh lets try a 200 daily stop and 400 daily profit for the day and see how that goes for 20 days . if you win just 50% of the days u will be good. this will build discipline . keeps the stress down. best wishes brother !
@trader_mike
@trader_mike Жыл бұрын
That's awesome trading Daniel! GGs! 👊🏼
@MrPetr85
@MrPetr85 Жыл бұрын
you become better, good job, you will make it soon
@DanielMatos-qf6pd
@DanielMatos-qf6pd Жыл бұрын
Great video man, keep it up
@woutvdv8041
@woutvdv8041 Жыл бұрын
Really good video, just wanted to say that it’s not the best moment to trade around Christmas and new year. It can maybe explain why the price action wasn’t at his best. Personally starting again the 16th January. Best of luck 🤝🏻🔥
@darqutopia
@darqutopia Жыл бұрын
Great video and thanks for sharing. You need to stick to your trading rules. Looking at the P/L whilst in a trade is a big mistake. Another big mistake is to worry that your stop is going to get hit which leads us on to proper position sizing. With a plan in place you don't need to worry yourself about P/L because the real win comes from sticking to your trading rules. Losses are part of trading. When you stick to your own trading rules the overall P/L is just the outcome of those rules. The rules comes from the gut and the deep learning and back-testing. Going against the rules is gambling and that is why you will be plagued with emotions. Keep going. You'll get there :-)
@reddelpapa2789
@reddelpapa2789 Жыл бұрын
^this right here.
@lilmissbeats
@lilmissbeats Жыл бұрын
happy new year! this was such a raw, interesting watch and documentation. thank u! the confidence highs and lows from trading and sticking/ not sticking to plan r very relatable 😫
@anyfoolcanknow
@anyfoolcanknow Жыл бұрын
so crazy, i recognize some of those trades you made haha you got this daniel.
@NASTYNlGEL
@NASTYNlGEL Жыл бұрын
I already know this is gonna be a banger
@SecularDrift
@SecularDrift Жыл бұрын
What's up Daniel 😊 been watching you for awhile now, want to thank you for your videos but I did want to say don't get too down when You lose, you get down and it continues to go down lol but hopefully you can continue to overcome. God bless you Daniel
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