Honest Response to Frustrated Beginner Trader

This video was made in response to a trader that reached out by email with some general questions about day trading stocks. The video is made to provide ideas and context that new investors can consider when navigating the current virtual landscape. Whether you are a seasoned trader or a complete beginner, you might gain some value out of this video.
Recommended Broker & Support the Channel: 🌎
www.InteractiveBrokers.ca/mkt...
➜ VerrilloTrading helps investors learn about software and tools for navigating the financial markets.
Subscribe to stay in the loop, new videos every week! 🔔
/ @verrillotrading
✅ Recommended Playlists:
• Interactive Brokers Vi...
• Legacy IBKR Videos
• Sierra Chart Videos
• Coding in C++ and Bash
✅ Recommended Videos:
Set Up Bracket Orders in IBKR TWS: • Interactive Brokers Fo...
How to use Margin with IBKR: • How to Properly Use Ma...
How to Create Gap Scanner in TWS: • How to Create Gap Scan...
How to Find Best T-Bill Maturity: • How to Determine Best ...
How to Fund IBKR with Wise: • The Proper Way to Fund...
TradingView How to Send a Telegram: • TradingView: How To Se...
Sierra Chart Basic Important Settings: • Sierra Chart MOST IMPO...
Futures Trading with IB TWS: • Futures Trading With I...
Setup TWS API on Linux: • How to Install Trader ...
Sierra Chart Telegram Chart Drawing Alerts: • How to Use Sierra Char...
Broker for Trading US Stocks in Canada: • This Broker Stands Out...
Using IBKR for Order Flow Data: • Is IBKR Data Good for ...
Why All Traders Need OCO Orders: • Why Traders Need OCO O...
Earn Interest on Cash with Secure Broker: • This Low Risk Trade Ea...
📜 Disclosures:
VerrilloTrading may have an affiliate relationship and/or another material connection to any persons or businesses mentioned in or linked to in the content above, and may receive commissions from purchases you make on subsequent web sites. You should not rely solely on information published by VerrilloTrading to evaluate the product or service being offered.
The content that this channel provides is intended for educational purposes only. Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. The risk of loss in trading commodity interests can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition.
All content appearing on VerrilloTrading is protected by copyright law. Rebroadcasting or any other commercialized use of our program content is strictly prohibited.
IBKR Disclosure: www.verrillotrading.com/ibdis...
00:00 What did they ask?
01:40 Initial Thoughts
02:50 There are better ways to get answers
05:04 Frustration and pushing out of the middle
07:03 Beginners ask the wrong questions
08:18 Accept it and keep moving
09:25 What kind of stock is safer?
10:53 Safer is not better / paper trading
12:38 How much stock should be bought?
13:50 Trade example Entry, Target, Stop
15:23 No way around emotions
16:53 What strategy will win?
18:29 Tips to minimize slippage
20:00 Using Market orders / marketable limits

[@dr980ti]

no gutz no glory

[@RavenRaven-se6lr]

Thanks Chris happy new year- You did well answering the Question.

[@VerrilloTrading]

Thanks, you too!

[@shaunmurphy6152]

This year I’ve probably done 30 trades. It is split between 60% lose and 40% win. These trades have been performed for the sole purpose of learning how to win bigger lose/risk small. Probably lost $1000 over that period on trades worth between $1000 - 5000 each. 1 - 6% of the account. Explained above, is all about training myself to gain method and ignore emotion. I am at a place where I can see when and how to jump in (I think), at the moment the position is ready to rise. I have found a big challenge is the market seemed to have been setup to automatically stop me out. This is not true. Almost ready to step into the path of bigger winners small losers.

[@shaunmurphy6152]

Nice!

[@user-fx2oz4wu4c]

When trading Forex Margin at Interactive Brokers, is there Forex trading in the real market or just CFDs?

[@myselfiemirror]

Best loser wins is a great book, definitely recommend it.

[@VerrilloTrading]

Going to check it out.

[@ziiiggy5843]

Your inbox will likely be flooded with questions after this video 😂 Good stuff V

[@VerrilloTrading]

Thanks! 😅

[@bhealo973]

Video quality and lighting looks really good

[@VerrilloTrading]

Thanks!

[@fudofd8189]

May I ask who that high-stakes sports betting guy is, because I'd listen to him as well?

[@VerrilloTrading]

brute de force

[@VARIABLE_]

Best Channel on my KZbin feed.

[@VerrilloTrading]

Appreciate that

[@dr980ti]

the more OG u get the more solid u strategies should be

[@sboey1]

Chris, well said.

[@VerrilloTrading]

Thanks!

[@sboey1]

risk and emotional management.

[@dr980ti]

maybe he watched warrior trading and yoloed 20% for penny stocks or even worse cfd in europe stuff

[@VerrilloTrading]

Everyone has their experiences. I remember yoloing a penny stock in my first year of trading. Thing was up 170% on the day I bought, was up but wasn't quick enough to sell. Got badly trapped and froze just watching the numbers before my eyes.

[@dr980ti]

@@VerrilloTrading yep

[@MassMultiplayer]

if im adhd and tons of focus and time, would it be interesting to invest tons into tiny amount? random numbers but im thinking 1000 investmnet of 1$ and check what worth it or not to focus (or i should study first and invenst 10x 100 and ..) i keep thinking i would have advantage not in good decision making (even if essential) for moral side losing 1$ left and right would be nothing but if doubling stock is ultra rare 2$ woudlnt make much.. maybe ADHD and focus and time should be into wich stock, and not how many stock (machingun everywhere and pray? spray and pray.. but how many loss will equivalent the win (if overal go down im loosing) i spent tousands of hours into mmorpg for 30 years.. maybe i should mmorpg stock market... with sparkling water and music

[@VerrilloTrading]

Tough to say exactly but I would say the adhd is a gift in some sense. If you take time to learn the environment you could determine some spots where you can thrive based on your unique situation.

[@user-ur5vw1gi4v]

15:45 I kind of disagree. Trading is non-linear it means it is not a 1:1 correlation. You can make big money with little money. It simply happens 1 time out of 1000

[@VerrilloTrading]

You might set up trades that have more potential upside, you still do not know if they will fully follow through. The downside component is more important at least when first setting up the trades and as they shift. It's important to keep the downside capped and what I meant is that when you start to level up, your risk gets bigger, no way around that. Of course it's not always a 1:1.

[@user-ur5vw1gi4v]

To add some info : -Long side : Potential to the upside is unlimited so any long position (leverage or not) is exposed to possible exponential gains without being exposed to exponential losses. -Long options : Unless you're a market genius, playing with options is a long term losing bet (like playing the roulette on a casino). You're still exposed to exponential gains but your chances reduce to basically the equivalent of winning the lottery. Risk is controlled but gains are too rare to overcome the regular losses. -Short side : Potential gain to the downside is limited and loss is correlated to the gain. Which means you're on a 1:1 ratio : you can make 100% profit (stock goes bust) or you can lose 100% (stock is up 100%+). Adding spread, fees, short fees, short conditions and it shows it's a long term losing strategy. -Short options : exponential potential gains with controlled losses (100%). Just like long options, winning is like hitting the lottery so your gains will never recover your steady losses. The only thing I'd say is that in extreme circumstances, playing with short options might be profitable but you'll need 10years+ exp and most average swing traders long only strategy will beat you with 1/3 of your skill.

[@dr980ti]

new trader walks in sits at the table and salt 🧂 bae meme comes in 😂❤w facts 🎉🎉🎉

[@VerrilloTrading]

My manz been watchin too many streamers lol

[@dr980ti]

@@VerrilloTrading they always cooking something

[@i_am_processing_]

Bro is lucky! And now we are all "eavesdropping" lol

[@VerrilloTrading]

Indeed!

[@LS-vn3qh]

Guys trading is an art, trading is not a fixed career or a profession, starting thinking of trading as gambling, but also remember not all gambling is about making money, if u have a stretgy or an edge u can make money from it. Lastly you need to get comfortable with the unknown and that feeling of slight anxiety because thats what it is. If u picture trading as I follow step A B C D of my trading system it will generate me profitable trade, no. It might produce a profitable strategy but maybe it won't be in the next year, next month. Embrace the unknown, find an edge and take leap into the journey.

[@dr980ti]

if they give up they will flip flop even before too

[@Regirs]

14:55

[@VerrilloTrading]

Thanks for stopping by.

[@ROBOTRIX_eu]

[@VerrilloTrading]

Cheers!