Pro Day Trader vs. Amateur Head-to-Head CHALLENGE | Carmine Rosato

Check out Carmine's KZbin: @carmine_rosato
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◉ / mangostreet
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◉ / rachelgulottafitness
DISCLAIMER: I am not a financial advisor. The content of this video is for entertainment purposes only and does not give any recommendation to buy or sell any security. Investments of any type involve risk. These videos are meant to document my experiences and do not provide any guarantee of gains or losses in any investment.

[@carmine_rosato]

Very challenging two weeks but fun nevertheless ! Let's do it again when conditions become much clearer! Happy with the outcome and happy to see you starting to see consistent results through tons of screentime!

[@DanielInskeep]

this was fun - thanks for being a part of it!

[@SoSme]

@@DanielInskeep Great job sticking through! keep it up

[@alextrees7602]

What is the rithmic chart you are using ??

[@vratar3104]

WHAT it means "when conditions become much clearer !" ?

[@tj86xj]

@@vratar3104The last week or two has been stuck in a trading range where bulls and bears are pushing hard to control the price, so it doesn't have a clear direction. See the long wicks on the one minute candles? It's very hard to trade in these conditions. Daniel was using a 5 minute chart at one point to get a clearer picture, but it's still just trying to hit your stop loss constantly.

[@PRECISIONTRADERUNIVERSITY]

You guys did great. Excellent editing as well. Just a few recommendations for future challenges. It would be nice if your opponent was showing a live P&L. Also for anyone who missed it Daniel was playing 1-2 contracts(500-1000 shares) and Carmine's chart showed 15 contacts(7,500 shares) per entry. Anyone playing over 10x the size should be able to 10x the other person. If Daniel had used equal sizing he would have made close to 30k and won. Also for context, Carmine caught the equivalent of just over 3 dollars worth of SPY movement in 2 weeks or 30 cents per day(average) using 7500 shares. Props to him for building up that much size tolerance and being quick to take stops because most know one emotionally bad day of trading with that size and you wreck weeks and even months of profit. Most people will be way more comfortable passing 10 prop firm challenges with someone like APEX and then trade copying across the accounts with a 50-200 dollar per day target. It is a lot easier and safer doing this to make 500-2000 a day with 3-5 MES and MQN contracts rather than one account with 3-5 ES or NQ contracts but to each his own. I look forward to the next video Sir.

[@remytrades4051]

Great analysis man. I couldnt agree more with your take on spreading the risk/sizing across accounts. I only figured that out a few months ago and its been the best decision ive ever made. The important thing to realize is, small gains add up! People go for 500-1000 a day, then end up blowing accounts left and right. Doing the math on 50-100 a day over a couple months can be huge!

[@MrDarthBudda]

Yup,, thats a good break down of what went on..

[@konstantingospodinov408]

Yes but from what I can see their trading strategies are also different: one was risking 2pts on es, one was risking like 10 on the nq so you wouldn't always trade the same number of contracts depending on your strategy. like if you were trading the h4 you would put less contracts and expect more movement than the 1min

[@PRECISIONTRADERUNIVERSITY]

You are correct Sir. The strategies were somewhat different but I was speaking more on the challenge aspect. For example, if I challenged you to a 1/4 mile race and I had a V8 Hellcat and you had a V4 Honda Accord needless to say no matter what your racing strategy is it wouldn't be a challenge. Carmine was using the V8 of leverage while Daniel was using the 4 banger. Granted the 4-cylinder will get you where you are going safer but in a quick challenge it has no hope against the size of the V8 unless the V8 just wrecks bad. @@konstantingospodinov408. A fair challenge for these situations is capped size because one of the ignored contexts for traders who love to share profits is the size they used and how much of a move they caught in SPY dollar terms. Carmine and Daniel both grabbed right around 3 dollars worth of SPY profit over 10 days. Another way to break it down is they both averaged 30 cents of SPY profit per day which to be honest can be picked up with most strategies on the internet with proper risk management. To share a trading nugget in my opinion most futures traders will be way more successful if they learn to trade ES/NQ primarily off of SPY levels. If your goal is precision in your trading the SPY is night and day more precise. I can easily prove that in 5 minutes of chart comparison. Hopefully, ones like Carmine catch on to that at some point because it will make catching his 30 cents per day in profit a lot easier for him.

[@awye5y34]

Carmines daily P/L was way more consistent than Daniels

[@reececooper9840]

seeing your progress through the past 2 years from you videos is really awesome, you can see how you react differently to each win and loss with a more strategical mindset and not letting your emotions take as much control. I also believe the pressure of this being a challenge may have pushed you even the tiniest to get great trades when you can get good ones easily enough just for the content. thanks for the fun progress videos and keep climbing!

[@Fithell30]

This was fun to watch. Especially with the live commentary and thought process.

[@dylanstox]

Excellent video! So much improvement on your end, Daniel! Way more calm and collected which is allowing you to stay patient and trust your intuition! You'll be trading like Carmine before you know it!

[@DanielInskeep]

thanks dyl 🙏

[@mohamedchaer4264]

The way you make your videos the editing the quality of the sound is absolutely amazing I looove your videos

[@commonsensefinancial4413]

Daniel, one of the best video's I have watch on trading futures in a long, long time! Very familiar with Carmine Rosato and your channel. What I really liked, you two going head to head, and getting to hear what you two were thinking and struggling with on each trade. Learned a lot from both your commentary and Carmine's. Thanks!

[@tradewithhamza]

i like the break even rule for the 20 points but if i can give a little hint do not use a fix number to define a break even time. instead use a ratio comparated to your loss. 20 points can be a lot for one trade or can be really little. in my scenario example i look for 2/1 risk reward. i would move my stop loss in break even at 1/1...

[@TraderChick]

That was so fun to watch! Thank you! It’s really cool to see that even professionals go through the same thought process, and ups and down as me.

[@eddyojeda1]

Carmines knowledge about trading is impressive and you're no rookie anymore Daniel. Keep up the work!

[@Havocdd]

Finally, some truth why do these guys suck so much. They talk so much but say so little (carmine) ​@@traderdave_YT

[@tristan583]

lol

[@JC4U21]

Please continue to do more of these. Great job to both of you

[@palmetto.]

YES. I love this series

[@PerspectiveTrades]

Love the transparency and video editing👌🏼creating the best journal

[@migueltrejo2956]

Man I love these challenge videos. Would love to see Carmine again, hopefully during a better trading week. Keep it up Daniel

[@earlhercules9914]

Enjoyed this. Great way to measure your progress indirectly. Not only that, having the courage to do it publicly is admirable.

[@rylandavis2976]

Getting stopped out for breakeven on a winner is a large part of the game. I dont like rules where as soon as im up x amount i set it to breakeven. You want your stop WHERE IT MAKES SENSE. if you are really worried about losing that much you can just trail the position out tighter and reenter off of the pullback assuming price doesnt invalidate your idea (the stop that makes sense. Your stop should always be based off of some kind of structure, it seems to me like you are setting your stop to breakeven in a place where you should probably be tightening the stop to maybe -.5R in the grand scheme of things a -.5R isnt that much to give the trade a chance to actually work especially if your risk reward is good and you think theres a good chance you could run 5R or more. By the time you move your stop to breakeven you should be far away from that market structure, you entered the trade because there eas market structure there, price is frequently going to come back and test that structure. You do not want to get stopped out at the nearest market structure (which happens to be your entry, and by necessity also your breakeven stop)

[@elanap.]

I love this battle content, what a great idea!

[@frafra40]

This was very very entertaining to watch, especially because it showed live trades and reaction/consideration during the trades. Hope to see more of this.

[@Mclovin_808]

My journey of trading futures started with your video with TBM and so far I consider it one of the top 5 best thing I did with my life. I truly hope someone else will watch this new updated version and start his/her journey as funded trader. Thank you Daniel!

[@DanielInskeep]

that is amazing to hear. glad you are happy with your decision to enter into futures trading.

[@CharizardTrades]

Good work man. Love seeing your progress

[@HarryPokerr]

great video , what can i cay ! good explanation at the start about layout ! super happy to see your progress !

[@allanpedersen9978]

Can't wait to watch this after my work out👍

[@JohnzorDC]

These videos are phenomenal. Thank you for taking time to breakdown each of these trades. It's heartwarming (and heartbreaking) to see the commonality in thought process during trade execution and management. Cheers to your improvement and dedication to this brutal and rewarding endeavor. 🍻

[@stevensorgiacomo629]

i love this series!! Also the quality of this video is so good 😍

[@robinstahlbergs]

Great video as usual! I find it hard to do proper risk management on my prop firm accounts due to the drawdown

[@jamesduncan222]

Excellent video. Thank you both for being so open about your inner thoughts during a trade.

[@derekhosford7246]

Daniel your progress since you started this journey has been nothing short of impressive. Nicely done!

[@DanielInskeep]

thank you!

[@smbuckley]

Dude, you made $3500 in 10 days clicking buttons on the internet! Better than delivering groceries! So stoked for you man, and love the new view in the office space there. Carmine has brass balls executing at those levels, super cool to see a couple guys doing this "finfluencer" thing transparently and honestly. Thanks

[@DanielInskeep]

haha no kidding! i'm back at home now, far away from the ocean, but it was fun.

[@leonard0104]

when trading micros you could take partial profits, might help?

[@roxnroll8050]

This was AWESOME! I love these Pro vs Amateur vids. Keep 'em coming!!!

[@chefdtodd]

Hi i am ttying to use the bookmap software and its been a nightmare to setup, i trade gold mainly and i cant seem to figure out how to get data for gold on bookmap

[@adrienlabatie6582]

i really love this type of videos and the quality and attention u put into making them. Also been watching most of ur videos, the progress is just huge. keep up ur really going in the right direction.

[@jessecruz9602]

This was awesome! I really enjoyed the commentary from you both!

[@PocketChange777]

Both of you are absolute legends! Keep up the great work! Love the transparency. Hey Daniel quick question, using Tradezella, does motivewave automatically work or do you need to import csv?

[@DanielInskeep]

i import csv

[@savytaco]

Great vid dude, can’t speak in carmine since I’ve heard some negative stuff, but since that’s someone you look up to, great job being able to go head to head, I haven’t finished yet but so far based on you getting stopped out see if you like moving your SL to the lows that were created in the move and only moving it every time there’s a new high or low created that would’ve saved you at least the first two trade sessions where you got stopped out and it’s a price action strategy

[@ronyorobio7096]

Love your videos. I loved the first challenge as well. I am glad I subbed and check out your development from time to time, as well as your videos where you share your thoughts. It is inspiring.

[@aragornhorton120]

Was literally just thinking the other day how amazing another video like this would be, now that you've have solid experience behind you. Love the videos keep it up!!

[@charty_char]

This is more helpful than 90 percent of videos I've seen. Especially this one with Carmine, who's one of the realest.

[@luna_crypto_]

It is AMAZING and inspiring to see how far you have come! Thanks for sharing the journey!

[@kahuna2]

Nice work guys. Great discipline. Never stop improving!

[@1mantrader119]

I watched your first videos about trading on an account and I can see how you improved so far

[@TheFutureTrader1]

You're doing great @danielinskeep! Your progress isn't going unnoticed. Keep it up man! I'm also an amateur. I do have funded accounts with Topstep and Apex and would thoroughly enjoy a friendly amateur face off. How would I go about getting ahold of you? Hope to hear back from you !

[@marcosuarez532]

More interviews with Trades. Been watching Carmine’s videos for years. 👌

[@logandeluca4048]

Break even stops take some of the pressure off but there’s no mathematical benefit for a break even stop a price action stop is much more beneficial

[@bernardobila4336]

Please do more of these.

[@iAmCrunchy1]

*How you liking the footprint charts?*

[@DanielInskeep]

not the best at reading it yet - i think i prefer a heatmap.

[@davidolsen4435]

I love these videos. Thanks for the honesty in your trading. You have a very real channel that shows the ups and downs. Keep it going!

[@Leon69]

I think looking into the concept of liquidity would help you more than volume. I don’t wanna sound like an ict fanboy but ict is a pretty good teacher on this, there are also a lot of guys who summarize ict stuff. I also think carmine’s edge is mostly due to his experience and psychology. He manages his trades really well with no hesitations, was very fun to see.

[@coolx9357]

Halfway through video and I think you can benefit from some more concepts that carmine teaches. You don't have to go full orderflow like he does, but some of the concepts sure do help. High volume areas are very very very important.

[@stackstradingllc]

I really like Carmine’s risk management style, going to check out his channel

[@PushinP911]

Very genuine guy

[@nate4245]

Two of my favorite traders helping the community. Great show

[@ER-pj3do]

Love the transparency from @DanielInskeep....Can't say the same from the FURU not showing the PnL balance during each "trade", why does not surprise me!

[@DanielInskeep]

look at 3:10. that is where you can see his position, etc.

[@ER-pj3do]

@@DanielInskeep at 3:10 the FURU only shows a partial PnL, he never dare to show the cumulative PnL with each "trade" like you did.

[@DanielInskeep]

what do you mean? the NPL shows net profit/loss. to the right on the DOM you can see "Daily PL" which shows his total in points as well.

[@Rob_otic]

I have the same problem, too many shorts, not enough longs. I feel your pain. I'm working on it too.

[@RTMoney]

Great video, brother. You've come a long way as a trader! Impressive improvement!

[@ivanlagade]

How much leverage they both using?

[@MinGamingKanal]

LEAPS AND BOUNDS OF PROGRESS, DANIEL! love it

[@Borislks]

Daniel, you are an inspiration! Thank you, your videos give hope that trading style is possible. I've been learning for past year and half, about to switch from demo to live

[@vratar3104]

Piease ask him to show long term broker statements, just to you , not general public .

[@user-pd8ws2bm1i]

Hey Daniel, what are your delta footprint chart parameters? I would like to copy that to my delta chart as well or if possible can you share your layout so that I can download it

[@champ_dios]

Daniel I appreciate these types of videos! Keep up the good work brother!

[@LyesHamani-jq6jr]

Super format + super content = super video

[@jonahanderson6248]

That was fun to watch. Your trading has improved a lot 🔥

[@DanielInskeep]

i appreciate that

[@mrpuff9321]

How does trading future work, I hear you have to wait at future dates to close your trade, like I trade today cants close til my time is up,

[@thecryptoshop]

Always a great job on your edits. However have you ever considered scalping for 10-20pts under the choppy conditions? You gave back 3 20pt winners on one con for BE that would’ve been a 1200 day. Just curious your thoughts. Your overall goal was to make 60pts why not just shoot for 20 and get out?

[@jaypsanchez9481]

this was awesome! were you guys always using %100 of account size?

[@DanielInskeep]

no, certainly carmine wasn’t.

[@lj_trades]

Does anybody know what tool they use to record the trading sessions/ edit fast forward?

[@DanielInskeep]

you can record your screen with OBS. my videos are edited in adobe premiere, but any video editing app can speed up footage.

[@ForexStoryteller]

Have to look at p&l in % and it doesn't matter what the account sizing is. If you're both risking in % then by mathematical definition your gain would also be proportionally equal in way of R ratio... I'll watch to the end and check it that way but that would level the account size difference because trading is all about % not $ 🤓

[@wills4774]

loving the improvement Dan, inspiring stuff!

[@CiTRusEnIMa1]

Wow study that position trade you made at 14:50. Love that patience to hold for tp

[@bobby6493]

Nice work guys 🔥

[@welcomeback777]

Great video. Just a thought...think about trading NQ with AAA setups only. And trade ES with A,B Setup, C setup at 1/2 risk. Nq is nasty in chop.

[@DanielInskeep]

nice, thanks for sharing that tip

[@dandagerman6604]

I remember these days and charts. I had similar challenges. Some really great trades taken off for weakness, and missing really great gains. The worst was last wednesday, I had a huge long I had to take off to go to an appointment. The next day those 8 contracts would have been worth 10k. I had them for .84... That shit hurts.

[@nickboretz1774]

Interesting that all the projections, all the reasons, all the analysis often simply doesn't work. Bookmap gives you a picture of where strength and weakness is..and that with Time and Sales is probably the best edge you can have. But..IMO If you look for the long candles that don't back up..the momentum and time of day..and never, ever trade around the 200 SMA or in the middle between yr. supply and demand.

[@rob9489]

how can i get that style of level 2 i like the visual detail

[@DanielInskeep]

any program that has a heat map feature

[@rob9489]

@@DanielInskeepNice! I’ve been wanting to trade options on futures after 5 years of options experience. Can you point me in the right direction? Opened up a top step account to build as a lil side of my main account but I don’t think quantower supports future options

[@theautoman22]

What’s your thoughts on Motivewave?

[@MariWannaSnipe]

good stuff bro, 20 points is a solid move why not take partials?

[@am_9944]

what application is that at 35:30 where he shows his info for the trades p/l wins etc..

[@DanielInskeep]

tradezella www.tradezella.com/?via=daniel-inskeep

[@am_9944]

thank you is it worth it ?@@DanielInskeep

[@DanielInskeep]

​@@am_9944it is a little pricey, but i pay for it. idk if it's worth $50/mo to you or not.

[@tattyboi1594]

Really good video Daniel, always interesting to watch other traders trade in real time

[@DanielInskeep]

thanks, i appreciate that.

[@CosmereFinatic]

What website is that where they get all those stats on there trading days?

[@DanielInskeep]

tradezella

[@supra2828]

Great analysis. I love the emotional aspects you guys went through in trading makes it reassuring to me that I’m not the only one that goes through it 😂

[@theemanuel3503]

I just wanna say that your improvement is huge Daniel. Great trading

[@mohamedchaer4013]

Bro I become addicted to your futures Trading videos

[@martinsrenovations364]

Great vid!

[@thescoopdaily]

How did you get that topstep hoodie 😍

[@DanielInskeep]

shop.topstep.com/

[@MrDarthBudda]

This 7-8 point than go Break even.. I like that idea.. Although I usually make sure I get at least point 1 above break even to pay for the fees. It's a interesting rule to have.

[@usamamuhammad4573]

Do you know how much fees they pay in the video? I tried to find this information but could not.

[@DanielInskeep]

@@usamamuhammad4573depends on your broker. round trip for me is $4.36 w/ topstep.

[@tamslean]

Man, super happy to see your trading has improved so much. Really inspiring for a newbie to futures.

[@JosephFutsum]

I love the new setup ! awesome

[@DanielInskeep]

just temporary :)

[@TenTonNuke]

I'm a technical swing trader and hearing all this "I feel like" and "price should" and trading based on gut instinct is giving me anxiety.

[@Wobby27]

What is a technical swing trader?

[@TenTonNuke]

@Wobby27 A swing trader who trades entirely via indicators, trendlines, and chart patterns. Basically we let the chart tell us when to enter, as opposed to day trading, which is more subjective.

[@Henkepenk]

@@TenTonNuke that’s also trading on instinct… you can’t predict what will happen

[@TenTonNuke]

@Henkepenk There is no human component in my trading system. And the parameters are based on technical conditions with proven profitability, like MACD crosses. There's as much instinct involved as there is betting black on a roulette wheel with 20 blacks, 19 red, and no zeroes.

[@Wobby27]

​@@TenTonNuke: Thanks for the clarification. Sounds like it can be perfectly automated by a trading bot. Then there is absolutely no human factor involved. I still wonder if that strategy really works on the long run, though.

[@usamamuhammad4573]

Hi, what was the starting balance?

[@DanielInskeep]

it's all in the video

[@NBI.1]

What platform you guys trade on?

[@DanielInskeep]

i'm on motivewave and carmine is charting on thinkorswim and executing on sierra chart.

[@MianoraStonecrow]

I like how at like 18:50 he says "stick to your plan" and then like 2 minutes later, "i'm out of this trade". Next thing you know "my original TP was just hit". I laughed way too hard at that. Don't we all know that feeling of letting emotions cloud your judgement. But it was funny here, cause he preaches the rules (as an 8 year pro) but deviates anyway, cause we all are not robots, but humans with emotions ;)

[@flaborn8631981]

Oh snap I love these.

[@evantfunk]

I like the idea of Carmines histogram volume split by delta. Also trading ATH's is tough

[@tozkal96]

its great to see how much better, more comfortable and confident you have become in your trading, its really inspirational.

[@DanielInskeep]

thank you 🙏

[@hsnkrs00]

Just passed my first challenge today 🎉

[@dontrellkeys]

Congratulations!! I remember my first time passing last month. I just got my first payout. Keep pushing !!

[@DanielInskeep]

congrats!

[@user9379fg]

Thank you I like this kinda video!!! 😅❤😊

[@jjp8445]

Very well done for both of you:-)

[@johnkaplan6144]

Absolutely AWESOME Vid. One of the best genuine live trading videos I've ever seen.

[@sumaiyanawshard7896]

Focusing on price action and S&R helped me to funded from my The5ers prop firm.

[@cesarsalas8265]

you should do live trading seesions on youtube