How to Day Trade in Real Life: Part 4

This is the final class of the Real Life Day Trading program.
In this class you will learn
-The 3 types of gaps to avoid
-How to build a trading plan
-Which rules to include in your trading plan
-How to trail your stop
-Why you shouldn't link pain to losing money
This program focuses a lot of trader psychology and we also have the opportunity to cover numerous Real Life Trade set ups. Today (June 9th, 2017) happened to be a monstrous day in the Real Life Day Trading Room.
Below is the link to the RLT page that includes this video if you want / need access to the created plan during this session:
reallifetrading.com/videos/how...

[@806kinglbk]

Thank you again for actually being a teacher and not always trying to pitch sales on us ! 🙏🏾

[@RealLifeTrading]

My pleasure

[@luksimoens5903]

Jerremy! Your classes are the best, they truly are top notch. Your teaching skills are amazing. If every teacher in his own subject would teach like you, the world would be smarter and more enthousiastic, dare I say more "enriched". I am on the same page albeit in another field. In fact, it's not teaching. Teaching is not the right word. It's more coaching, mentoring, giving confidence, getting the best out of people so that they can become their own coach/mentor. I truly enjoyed these live day trading classes and look forward to the trading floors next week. Oh, and I'll keep you to your promise of hanging out together when one day you visit Belgium. You rock! Keep on rocking! 😉

[@RealLifeTrading]

Luk Simoens I love it!!!! :-) Thank you sir for the kind words! You totally rock. Have an amazing weekend

[@Cricketandfun2906]

Great person, great Learning dear. God bless you.

[@RealLifeTrading]

ravi kumar Thank You!!!

[@yannickweiler4983]

Jerrremy, you're the man (teaching-, humor- and trading-wise). Thanks so much for this FREE resource!

[@RealLifeTrading]

Yannick Weiler Haha!! Hooooray!! Thank you SOooo much for the kind comment!

[@realloreal]

We always need to get back to the basics. I always come back to the basics. Thanks JAN. Always!!!

[@RealLifeTrading]

WHOOOOOO!!!!

[@patbouQC]

thank you so much Jeremy ! you are the best ! awesome series ! wish you the best and ave a great day

[@RealLifeTrading]

My pleasure! Thank you for watching! :-)

[@alann1099]

Wonderful to see these four parts of daytrading GAPS even though these were recorded almost 5 years ago :)

[@RealLifeTrading]

:)

[@JJCRIC]

Jerremy, Just finished the part 4 video and I am really hoping work is slow this week so I can get on and see it all in action even though I am probably more interested in the afternoon room at this point. Not sure I will be able to addend those so I am looking forward to the recordings. I love everything that you do for us, thanks a ton man. YOU ROCK!!!!

[@RealLifeTrading]

YES!! AWESOME Comment. I appreciate those kind words! :-) The good news is, if you can't make it live - I'll be recording 3 hours of content today!!

[@learningtrader8264]

Thank you 🙏🏻 Sir for helping other traders like me with all this education!!!

[@RealLifeTrading]

Learning Trader My pleasure! Thank you for enriching lives with me!

[@handsomepayu]

Jeremy you are an exceptional teacher and a great personality .. i sincerely hope you cross a million subs on youtube one day .

[@RealLifeTrading]

Piyush Rawtani Thank you SO much for those kind words!!!! I appreciate you! :-)

[@rupalibabar7408]

great great great you make me belief as small treader can make money in stock markets

[@RealLifeTrading]

Absolutely. Very possible! Here = watch this video! kzbin.info/www/bejne/jYKrfaOJnKmSj8k

[@sabranassor9641]

Thanks Jerremy and your girlfriend and the whole team, genuine and precious stuff on the role... you have add value in my thinking and trading as a whole and who knows probably lifetime?.. stay Humble Bro!

[@RealLifeTrading]

Sabra Nassor Whiooooooo!!! Thank you very much Sabra. I truly appreciate those kind words :) =}

[@hemantsharma5928]

Great sir...thanks .

[@RealLifeTrading]

Hemant Sharma Excellent!!!

[@mal3705]

Love your 4 part training video`s!! The best part it`s free.... Wish I could of attended live, just wasn't possible. Just a question, do just draw on line on the D1 and work from the on the lower TF to determent your entry trigger?

[@RealLifeTrading]

"Love your 4 part training video`s!! The best part it`s free.... {Yep, people love free! It helps some learn who otherwise might not be able to.} Wish I could of attended live, just wasn't possible. Just a question, do just draw on line on the D1 and work from the on the lower TF to determent your entry trigger?" YEP! I enter based on the 5 min and lower. Support / resistance lines always drawn on 15 min candles or higher. :-)

[@hemantsharma5928]

Ur a true guru sir.

[@RealLifeTrading]

Thanks for commenting

[@jasonsingh4932]

so much valuable information in your channel man. you is a great teacher! Is there any free trade room webinars for 2019? i would love to see you and your team in real time! Would defs be a great learning experience

[@RealLifeTrading]

Thanks for commenting

[@phoenixtrader9172]

Ty so much for this video

[@RealLifeTrading]

My pleasure! Thank YOU for watching it and helping us Enrich Lives

[@pd1jdw630]

I wasn’t even interested in stock trading. I am more looking into forex. But mostly I was looking for the psychological aspect of trading. ( I’m a complete noob and I like to research before I step my toes into water) but the trading platform I currently demo on shows me stocks as well and I got curious of some stocks after watching these 4 videos. I opened a chart. And the first thing I noticed. Hey! That’s a bullish gap and go. And there is a bearish retest . Ha! Just to let you know how much these lessons clicked in my mind. As I am typing this. AAPL is now riding a s&r line. Thanks!

[@RealLifeTrading]

HECK YES!! Thank you SOO very much. I truly appreciate it! :-D SOOOO happy you are learning / growing and progressing! That's what it's all about!

[@ericrussell7961]

Little late to the show on this one.... I just slowed things down to the 5 min charts and loving the bearish / bullish engulfing candles at S/R and pullbacks. A stop at the high of the engulfing candle will generally give you at a a minimum 3:1. It sure can get a little pricey though. Anyone know of an R calculator that auto calculates max share size based on account size? Oh and another great video Jeremy!!!

[@RealLifeTrading]

"It sure can get a little pricey though. Anyone know of an R calculator that auto calculates max share size based on account size?" You can use the risk tool in trading view :) Oh and another great video Jeremy!!! THANKS ERIC! I Appreciate you hoping into the archives!!

[@piby1802]

Get ready for it ....

[@RealLifeTrading]

Thanks for the comment

[@mrhulls]

I have a question on the AMD trade. You planned for the breakout and retest for entering. Your stop also was planned. But how did you plan the target to see if it was a good risk reward to take the trade? Thanks a lot for this lessons, they are of great help!

[@RealLifeTrading]

East. Target was just 2x the risk. :-) Aka - 2R!

[@rickeating1713]

Hey great videos. I was wondering what you do on a bearish retest or gap n go when after the open price pretty much just heads north for the first 15-30 minutes and they aren't overextended or into resistance on the daily? Just forget about those and move onto next on watchlist or look for retest entry long? Thanks.

[@RealLifeTrading]

PKdoes Well, no. Because that would be the retest right?? If that price action occurred. So, wait for the roll over signal. =] But I agree with your thinking - when a bearish gap fades like you mentioned, it is less reliable

[@rickeating1713]

Real Life Trading I see. So gap up bias is always to look for a long entry and vice versa, got it. How many gappers do you usually keep on your monitor/watchlist per day or do you choose just a handful based on your pre-market homework and focus on those during the day? Thanks again!

[@RealLifeTrading]

"Real Life Trading I see. So gap up bias is always to look for a long entry and vice versa, got it. " As you begin your day trading career - yes. "How many gappers do you usually keep on your monitor/watchlist per day or do you choose just a handful based on your pre-market homework and focus on those during the day?" 5-6

[@thomasphilip9924]

Hello Jeremy I am fan of your teaching. I got question on short and long how to set up order in the exchange. 1 , For shorting To enter a trade - sell stop limit If stock goes high protection - set buy stop loss To take profit - Buy stop limit Going Long: Entering trade - select buy stop limit Protection - sell stop loss To take profit - buy stop limit Is this correct? Please give a reply

[@RealLifeTrading]

1. For shorting = To take profit - Buy stop limit " No. IF you are shorting you buy with a LIMIT" to capture gains. For going long = you SELL with a limit to capture profits. PLEASE go through my free beginners course, as I cover all of the broker orders in-depth! You still need a lot of practice with them!! BUT, you are learning !!! WHICH IS GREAT!!! Beginners course = www.reallifetrading.com/beginner-trading-course-new

[@thomasphilip9924]

@@RealLifeTrading thankyou very much

[@thomasphilip9924]

@@RealLifeTrading In this video of your kzbin.info/www/bejne/gJ2tY4p5nap1rM0 For taking profit when shorting you mentioned buy limit and going Long sell limit which confused me. For protection on shorting buy stop.

[@RealLifeTrading]

thomas Philip yep! That is correct :) =] Go through our beginner series to practice your order entry forms =]

[@alanvangorder8145]

@17:15 What do you mean by investors are gonna buy to cover and unravel, and how does it make the stock go higher?

[@RealLifeTrading]

Alan Van Gorder Are you familiar with how to trade bearish? Bearish traders who short sell (at some point) have to buy to cover. That’s right - BUY to cover. So that buying pressure causes the stock to bounce. Also - a term for this is short squeeze. :)

[@ninogarcia5243]

Hi Jerremy, good videos. Where i can see your performance? Do you have any public trackrecord?. Best.

[@RealLifeTrading]

Sure. docs.google.com/spreadsheets/d/167OF2gVsJRFLfnRgjdlQkKtPAhZ-opET66U4lqTxAv0/edit#gid=0

[@218coolman]

Hey I really like that excel product you have. Do you happen to have a template for that? If not that's fine I'm sure I can just copy the layout and add my numbers.

[@RealLifeTrading]

Jacob Sellers We do not have a template - Just that :)

[@hemantsharma5928]

Hello gud morning Sir.

[@RealLifeTrading]

Thanks for commenting

[@MrDumile]

These sessions are super useful, even though im late to the party. How did you manage the trade (move stops and potentially let it run) if you leave the computer for 90 minutes?

[@RealLifeTrading]

Just place an OCO order! An automatic stop / target and let it happen automatically :) WHICH IS SWEEEEET

[@rahulnagbhidkar3753]

Sir in basis of this vdo can i do real trading in stock market? plz reply

[@RealLifeTrading]

rahul nagbhidkar yes

[@DojiDude]

Hi inside day candle how do you know which way it will go? Thanks

[@RealLifeTrading]

Tutorials&Learning You don't. But taking a break in the direction of the trend can increase your probabilities :)

[@DojiDude]

Wow Im still watching the Video! Thanks for the quick reply and for taking time out to do them they have helped and i have learned so much.

[@DojiDude]

By the way it's only my second week, do you have anything that will help with the calculations of risk and placing an order with a broker? As I have messed around with a demo account to get an idea of what its like & what to look out for, but the pips, risk, share amount, how much to buy and their limitations on placing a stop on the purchase really confuses me.

[@RealLifeTrading]

Tutorials&Learning potentially this article will help some with the risk calculation. reallifetrading.com/articles/trading-rs but it's for stocks, not currencies. I don't trade Forex. So use this info and apply it to the knowledge about Pips. :)

[@DojiDude]

Thanks again will take a look, Im watching the second part of the video again its starting to make sense with your calculations :D

[@richardrice7020]

When is the next fee week?

[@RealLifeTrading]

Likely in July :)

[@darrelltetreault5490]

Hey Jerremy, when is the next free week?

[@RealLifeTrading]

Jan 8th - 15th. Will you be joining us?

[@darrelltetreault5490]

Arrgg....I will be in Mexico at my oldest daughters wedding that week....dang, next time I guess... Hey keep doing what you do....you are much appreciated....

[@RealLifeTrading]

Darrell Tetreault Exciting Times!! Well, Just hop in afterwards! ;) It doesn’t have to be free for you to be there. Hahaha I accept currency for it )

[@darrelltetreault5490]

and here I thought you just worked for love...lol... c|:0)>

[@adamnonnenmacher7774]

In order to make money in the markets at only 1R profit, you must have a win/loss ratio greater than 50%. You mentioned before that you actually win less than you lose, so it’s impossible for you to make money in the stock market by profiting at 1R. Please explain? Most traders target a 2:1 reward. I don’t understand why you would risk as much as your reward.. plus how did that guy make 22R if the trading rule is 1R target

[@RealLifeTrading]

Adam Nonnenmacher not sure if you watched the whole video..... but watch this one please. I’ll give you an exact breakdown = kzbin.info/www/bejne/np6ki2Zugal6ntE

[@ecoleattawfiq4607]

I am the worst trader in the universe, please do not take away that title from me that's all I have:) This is because I am just starting, but one day I will be good:)

[@RealLifeTrading]

Ecole Attawfiq ;) Lets turn you from worst to first! =]

[@alexhajji2480]

I did criticise- please see my comments and been described as a hater! by Rt why not answer my criticism

[@RealLifeTrading]

Thanks for commenting

[@GloriaLancia]

when will the next free one be?

[@RealLifeTrading]

Gloria Lancia The Free week into the trading room? Either Jan or Feb 2018 =]

[@GloriaLancia]

Real Life Trading yes thank you! :) I’m new and still don’t understand the gaps is there a video u suggest I watch to help me understand?

[@RealLifeTrading]

Gloria Lancia All you can handle. kzbin.info/www/bejne/rXrQYo2gYs6ojq8 And check out the e book reallifetrading.com/free-products/four-types-of-gaps If at anytime you prefer some one on one coaching as well, just email me and we can chat about it!! :-) [e-mail]

[@GloriaLancia]

thanks but video link doesn't work! lol

[@RealLifeTrading]

Gloria Lancia Sorry! I fixed it now :) kzbin.info/www/bejne/rXrQYo2gYs6ojq8

[@alexhajji2480]

Cool Analysis \best ways! what a joke!

[@RealLifeTrading]

Alex Hajji For hating on all my videos, you sure are watching a lot of them. ;)

[@darrelltetreault5490]

lol..".Du Point"...Listen 17:35

[@RealLifeTrading]

Thanks for the comment

[@darrelltetreault5490]

Stephen Bigalow says he was the worst trader in the world...lol

[@RealLifeTrading]

Darrell Tetreault Haha!! We had to fight over it

[@darrelltetreault5490]

Du..."Pont",

[@RealLifeTrading]

Thanks for the comment