Quant developer reacts to HumbledTrader's 5 figure day trading loss

In today's video I react to KZbinr HumbledTrader's 5-figure loss video from the perspective of a quantitative developer working at a proprietary trading firm.
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Original Video: • 5 Figure Loss Day Trad...
HumbledTrader's Channel: / @humbledtraderofficial

[@peacock8647]

Hey pal, “Learning to control your emotions by consistently losing money” is the definition of having a girlfriend.

[@the_notorious_bas]

haha, gold!

[@LiveCustoms]

'The RSI was on a triple consolidation black flip' 🤣😭

[@conpa18dany]

If a stock is oversold on the RSI for the past few weeks, id be more inclined to swing trade to the up side. All about probabilities

[@pdipalm7839]

CJ: “If there was dogshit and I gave it a price and slapped a ticker on it, would day traders trade it?” Me: *looks slowly at GME*

[@Aman1012]

and AMC

[@redbunnyclassic]

@@Aman1012 And SHIBA, and DOGE, and 1000 other coins.

[@oopsieoopsie8587]

If there's trading activities and volume then yes, I'd trade it. It's just price movement. Like that's a very stupid question, quant traders aren't that smart?

[@MontyVee]

Lmao

[@Shreendg]

Ironically, if dog shit had a ticker, HFTs would trade it.

[@lekosboy]

I've been trading currencies full time now for almost 3 years, I manage investors money and one thing I always say is exactly what you say in this video, you can't explain your flaws using the emotion card because there is no emotion when you using data, risk management and implementing your strategies on point. Emotions come when you hit buy or sell expecting something to happen and that's basically gambling and that's why there is this emotion thing

[@ethanlei5457]

trading is by definition gambling because you don't 100% control the outcome. Also emotion is always a part of the game, majority of quant traders make critical decisions themselves, profitability depends on them, not their models that's what researchers do, traders makes the decisions and take the emotional toll. they prefer to pull the triggers themselves because guess what happens when market conditions take a sudden shift and they fail to identify it.

[@gabe.henrique]

where can i buy your forex course dude

[@lekosboy]

@@gabe.henrique you can't because I don't sell courses....

[@WannabeOperator]

How does one make money trading currencies? Like constantly watching inflation/deflation of the various economies?

[@luisguevara4113]

Yeah you are so good… I bet you make money on allllll your trades with your strategies… wow what a super trader. And by the way code Jesus also trashes your on another video as he thinks the technical strategies are bullshit. According to his other video he does not believe in any traders just investors

[@als7996]

She's trading a very niche corner of the market: Low float and micro-cap stocks. The competition in these markets is other retail traders; there are no algorithms or quantitative analysis. Your world and hers is as different as night and day.

[@dylanbarrera]

Correct. He’s a market market developer and she a day trader. It’s to different worlds

[@Clebatwork]

@@dylanbarrera *two. to and too are the other versions ;)

[@infiltr80r]

It's evident from what he says that he has never traded, or at least traded seriously with own funds. Just completely missing her points.

[@Clebatwork]

@ *two lmao

[@Clebatwork]

@@infiltr80r she has no point to make dude. Clearly you watched this video without turning on your brain cause the points he makes against this girl are super clear and concise. Nothing is "being missed" here. The video is meant to highlight how irrational "day trading" truly is and how it's not sustainable

[@danielortiz9736]

You work at a prop firm. They would be bankrupt if trading didn't produce money in the long run... Contradictory points...

[@brucelee2550]

You're speaking out of terms. Selling people with your bias options, which precived as "truth" because you work for a proprietary firm, doesn't mean you truly know what it means to be a trader. Statistically 90% of entrepreneurs fail, 90% traders fail, 90% of anything that have massive upside potential will fail. That's why people who trades, invest, or start a business makes a lot more money. Traders may not contribute to society, however, it provides them freedom to work on other important things in their life such a family or volunteer work if they so desire. It's a vehicle to for an abundance life. They have risk management systems too, it's not as sophisticated as wallstreet but it works. Other wise there aren't so many successful day traders out there. Your point on emotions is invalid and poor examples were given. All traders, including proprietary traders, feel it when they put on a trade. Big lost and big win, fear and greed, are all part of the human experience in the market. It's what make the market move. Don't shit on people, and make money off of it, for what they perceived as valuable and are working for them. That in itself doesn't contribute any thing possitive to society.

[@zboobafett5984]

finally a reasonable comment. It's a good thing coding jesus is only a developer. If he was a trader, he would have been crucified lol

[@justcallmewil]

Well put. Jesus is punching from the outside. And offers nothing to help traders

[@ameerulaqmalmalek9470]

I think he has some narcissistic trait in him, i mean nicknaming himself jesus😂 always bragging about his Quant developer bs. This is the very typical of negative indian parent. Lol

[@jackreacher3663]

Very well said...

[@winnerwinner8894]

Wow I found the group that watch asian porn,, ,stop writing 6 paragraphs on KZbin,you dnt sound intelligent,u just sound dumb,..

[@wizard7314]

I agree with another commenter, you have a chip on your shoulder and a limited perspective. Mostly I agree with what you say but you are also strawmanning and dismissing swathes of genuine trading strategies/opportunities just because the people who use them are often frauds. Also people should remember that you are not a trader or analyst! You are a software engineer!

[@kodiakgriz2296]

Agreed- I do listen to his coding stuff on 1.5- like old CFA lessons but his biasness vs TA and trading is like earth is flatish, as a PM I think does he have a PnL- good call dude

[@ThomasFoolery8]

@@kodiakgriz2296 being a quant dev at an actual prop trading firm does make him more informed than all of these people who call themselves “traders” but never got into a proper Wall Street firm.

[@52baldingindianjanitor72]

@@ThomasFoolery8 Exactly, the cope from these day traders is insanity. If this guy isn't qualified to critique day traders, then nobody is lmao

[@zatarawood3588]

He's a young coder at a prop firm, not a major bank, hedge fund, or a proper quant fund. he doesn't have any experience actually trading. I suspect that all these strong negative views towards TA and daytraders is probably cope on his part since he cant or won't trade himself. On the point of actually daytrading / using TA he is wrong. On day trading, he doesn't realise that some of the great traders who run firms bigger than the one he works at started as day traders before starting up hedge funds, especially the old school traders from the 80s/90s, it also includes current titans like Ken Griffin. On TA, its a very broad church, some is nonsense, and some isn't. If you look at one of the biggest educators of quant trading, like Rob Carver, his systems often use TA tools and indicators. He came out of AHL and no-one can accuse them of being failed bunch of 'daytraders' who cant make money Lol Go tell R Carver that he doesn't know what he's doing since he was running a large fund at AHL) In short our friend in the video is too young and green to actually know what he's talking about) He probably tried to punt around in the markets, lost bit of money, & assumed that its probably impossible for anyone to make money since he cant)

[@friend2194]

​@@ThomasFoolery8I'm not sure about that, he's making the software, but does he participate in the decision making process? Hope it can be verified

[@jonyfacerulz]

Her most successful strategy is her youtube channel. Her expenses include her trading loses lol

[@CodingJesus]

Lol. As I mentioned, that $7,800 loss is definitely a marketing expense.

[@rakeshwasnik9327]

Maybe she took the exact opposite position in another account lol

[@champbailey88]

Yea her KZbin channel is pretty big and probally makes more money than her trading but she’s pretty successful at trading. She’s shown broker statements where she’s made 50k in a month. She got her growth in her channel by people genuinely liking the content and lessons of her videos not by excessive ads like Sykes and Ricky G who just spout out lambo videos

[@luisguevara4113]

Yeah… coding Jesus had my respects until he started trashing someone else KZbin without really knowing much about the channel… I guess who cares as long as you get views and make money, the same can be said about this channel. You probably don’t really make any money as a quant you are just trying to build your channel to make money.

[@ThePunishedLeaf]

@@luisguevara4113 i mean, its quite literally a fact that Humbled Trader is a scammer. Just look into the review of her discord sevice.

[@cameronjohn604]

Interesting perspective from a guy who's never traded a single day in his life. This would be like the guy who makes Usain Bolt's shoes teaching you how to run fast. This is also why they lock most developers and quants in rooms, so people don't hear them speak. Anyway, "nothing against you bro, you seem like a nice guy." Ps, I know trading doesn't directly produce anything for society but the money you make from it can. Also, naming yourself after a holy figure doesn't make you holy. I'd be careful with the Jesus comparison homie. Congrats on stirring up shit for views.

[@chome4]

Well said.

[@zatarawood3588]

Its narcissistic personality disorder at work) & Im sure he hates daytraders as he secretly wants to be one, but instead works writing code all day for a prop shop) To use his phrase ... hardly doing anything useful for society)

[@JonnyBanana21]

​@zatarawood3588 I think he belongs to a certain group so mocking Jesus comes naturally

[@vittoriociulla5439]

How many accounts have u blowed up? Just kidding i started my journey as a trader 2 years ago learning useful concept like wyckoff method,auction market theory,VSA,orderflow etc and once u get deep on these concept u understand how important quantitative analysis is to develop a winning strategy, without it u are basically gambling. Despite this guy is not a day trader he’s not wrong and if u don’t accept this u should quit trading

[@infiltr80r]

@@zatarawood3588 I also noticed that, he seems to admire himself a lot. Just always posing non-sarcastically, seems like narcissism.

[@PartialOpinions]

Ex-Morgan trader here, 25 years as a prop trader. I feel compelled to come to HumbleTrader's defense because you're over-doing it with the judgmental assertions and to me you do not seem like a true expert (by virtue of certain comments, like the assertion that price is random). Anybody who knows the mathematics of arbitrage boundaries knows that price is not random. Anybody who knows the true reason why Stops are a scam, knows that prices are not random. It's one thing to make assertions that are true; but please do not disparage traders who are opening up to people and being honest; and please do not disguise your condescending opinions as facts; it's impolite and rude.

[@rustysoul8121]

Hi, i like to hear you talk about your experience as a prop trader in a youtube video, i subscribed just in case you decide to do it✌️

[@LawrenceChung]

I've been trading for 3 years and I totally am on your side. Some of the things he said shows his misunderstanding on trading. What we do on a daily basis is being masked by a big wall of sensitivity on risk taking and edge finding. It feels like this guy is still on the majority's side and not made the leap to understand our side

[@PartialOpinions]

@@rustysoul8121 Why would a real "proprietary" trader ever disclose their "proprietary" experience (and strategies, etc.) in a KZbin video? Genuinely curious why a successful trader with a real edge would ever make their edge public. The edge would disappear if disclosed. If you find something that works, keep your mouth shut; that's the best financial advice I could ever give you.

[@g.v.m7935]

​@@LawrenceChungAs a general programmer I think this is his earning model, he might not be a expert on finance but acting like one gives your viewers the illusion you made it and keep watching. He is pretty knowledgable on programming, although even there he is grasping straws sometimes.

[@yohannesakalu5811]

@@PartialOpinions your an Ex-Morgan trader and I’m a dinosaur who speaks Latin . Your explanation of your previous occupation means nothing on the internet . 🤡

[@j.4880]

😂 since I tried day trading for a year I know that technical analysis is astrology for "finance guys". Learnt the hard way

[@wuerdortitsgo1038]

ohh this is cold bro lmfaooooooooo

[@elitecoder955]

That stings a lot

[@ctrezzy11]

naaah you just suck and wasn't able to follow rules/find an edge in the market lol. richard dennis made 200 million+ as techinal trader and there has been countless other traders who have made money via just technicals.

[@IDONTPARTYMUCH]

No you just suck

[@DefaultGuy84]

she's not talking about stock price highs, she's talking about her profit highs. To intraday traders, it doesn't matter whether uptrends or downtrends are going on. They can make money on either direction

[@eristotle2482]

my thoughts exactly. but the guy said he doesn't trade so maybe he's not as familiar with the terms

[@jaywhoisit4863]

She’s actually a pretty decent trader. She uses gap, volume, and fundamental analysis to chose her stocks. The technical side is used to make entry and exit decisions. She’s one of the few who actually make money trading and share her strategies.

[@jordanwilliams4264]

@@railroad_of_oregon So... one income stream brings in more money so you discredit the rest? Just say that you can't trade.

[@df56gh4d5h]

Ask her to prove she is profitable by releasing all her trading statements for the past 3 years. I bet she won't.

[@matthewbreneiser2196]

@@df56gh4d5h pretty sure she has. Not for the past 3 years. But she did a breakdown of how much she has in each brokerage account and statements from a couple months.

[@oaasal]

Exactly. This junior “quant developer” who knows nothing about finance and math, is talking down a day trader who he knows nothing?

[@issalatar8342]

lol what!!!! you guys are so naive and gullible jesus christ

[@yifanjiang292]

HF market makers don't care too much about the fundamentals either.

[@infiltr80r]

They don't care at all what's behind the ticker, it's all about the book.

[@ntp1999]

This guy constantly compares quant to day trader. But i highly in doubt he ever had a consistent period of time day trading to understand 'day traders' behavior and their approach to the market

[@ThomasFoolery8]

He has. He works in prop trading for 50hrs a week. Do you know how much you learn at a firm like that. You learn real stuff not this nonsense off KZbin.

[@jaimerodriguez8332]

There is a difference between trading your own money VS trading the hedge fund's money. One becomes more emotional trading your own money. This is why mindset is important in trading.

[@zatarawood3588]

Exactly) Also he doesn't realise that different ppl trade differently. Actually I use quant methods, but I have come across at least two guys who trade with their gut and make money and large amounts of it consistently. I assumed that its their subconscious read of the market which enables them to do so. For them emotion or their feel of the market is very important. Now most ppl cant trade like that but it doesn't mean that nobody can)

[@mcevensbien-aime4558]

Thanks Jaime! I was waiting to see someone saying that!

[@cromwell272]

the strange thing is that @coding Jesus is not a day trader. he knows little about the profession. He is a programmer. All of the things he says here about technical analysis and day trading is not true.

[@dumbcat]

I'm a budding algo trader, but I'm also aware that billionare James Simons, founder of Renaissance Technologies, used discretionary trading to multiply investor money by 12X in just 2 years before ever creating his first algo model.

[@rebusd]

yes, haha Dr. Simons and crew had all kinds of strategies in the beginning, some no different than retail/day. The data collecting they did next, however, is legendary.

[@fr0xk]

TA assumptions: 1. Price discounts everything 2. Prices moves in trend 3. History repeats itself 4. The process of calculating risk based on data gathered by visual analysis Quant assumptions: 1. Market movements cannot be predicted. 2. Volatility is constant, hence predictable. 3. Reality is something that can be studied objectively & history repeats itself. 4. The process of calculating risk based on data gathered by numerical analysis TA = QUANT (it's not a myth)

[@Shreendg]

Volatility is not constant. What are you saying?

[@fr0xk]

@@Shreendg Google the meaning of "assumption"

[@yacobplayz6524]

Not true at trading firms one of the models they use is the Heston model which assumes that volatility is a stochastic (random) process

[@fr0xk]

@@yacobplayz6524 It depends on strategy

[@markettrader911]

I assure you the traders at your firm do have to be emotionally strong, or in other words they have a high amount of emotional control. Also, by on the “high” she meant profitable, not that stocks are up, traders don’t care if markets trend up or down as long as there a clear trend. You said history isn’t a predictor of the future but isn’t the data your algos use historical?

[@JenMarco]

Well said. This guy contradicts himself and reality. What does he do, pick stocks at random or look at the historical data and technical analysis?

[@TradeandoData]

really, he is just full of shit. Dont lisent to this guy, such an ego. He is not a trader, is a quant developer.@@JenMarco

[@paulbrown5839]

This CodingJesus guy talks a lot of sense! Great video. What is going on behind the scenes, is a sales pitch.

[@MrHamburgerHelper]

Shay has said that part of her strategy involves looking at fundamentals as well as technicals. Regarding whether a day trader would "care" about what I assume you mean is fundamentals (?) yes and no - depends on the situation.

[@Ali-pn5zq]

The fact that you have 70k subs. while ICT Michael or whatever it is has nearly 1M, tell's everything about how people seek easy money mindset... love your channel dude!

[@chriskabanda2167]

I'm not sure if Humbled trader is consistently profitable, but she has lessons and strategies on her KZbin channel, so she doesn't need to re-teach the reasons she opens trades at specific places. It would make her video too long. You never did due diligence in your research. Not all traders use quantitative analysis and the mistake you make is always trying to judge everything in trading from the view of 1 trading method. There isn't just one or a few only.

[@PlanetaCancion]

I feel like you carry a chip due to the nature of your employment as opposed to the retail community(how deceiving it can be to good honest people). I feel the same way but from an opposite view to yours, meaning we should expose the lies but don’t take an extremist approach to either of our positions, one can be successful as a day trader but 99% of youtube content i agree is “gambling”.Try to take a middle ground instead and use your knowledge to help people rather than take full pride from your side. I also hate what I see and I tell everyone “if they’re really making money day trading, they wouldn’t need a KZbin channel to sell you anything” it’s just simple common sense. Hope you’ll consider my opinion and hopefully create content from a different perspective because you will be the only one.

[@MOREBEATSTV]

This coding jesus dude has a KZbin. Does that somehow negate his expertise?

[@MRT-co1sd]

ENEVISON：He is entitled to express his opinions and to express it on KZbin. You might not agreed with his views but there are others who do.

[@WannabeOperator]

He isn't saying you can't succeed as a day trader, he's referring to statistical fact that the vast majority of day traders will try and fail miserably. Just because one person does it doesn't mean everyone can... And statistics also prove most day traders destroyed their overall profit potential day trading when compared to if they'd held some of those same positions long term. Day trading is hardly more than just trying to scalp

[@52baldingindianjanitor72]

He's actually done real quantitative development at legitimate prop trading firms. The dude definitely does not have a chip on his shoulder looking at day traders on KZbin if he's managed to achieve that lmao

[@juantamad6576]

Dude, I've been binge watching your videos and lots of people will hate and love you at the same time for telling the truth. Keep e'm coming.

[@Cody_Trading]

I get some of your points but you are coming at this from like you said "a lay person's perspective". She took the position of shorting because a lot of times these gappers will slam down at the open, which SNOA did on the chart that she posts. About career's - The definition: an occupation undertaken for a significant period of a person's life and with opportunities for progress. So yeah, if someone day traded for a long time and progressed by making more money that would be the definition of a career.

[@ngusumakofu1]

Well said. She’s making a living out of it. Feels to me like he was just looking for any reason to take jabs at her.

[@paypalservices2724]

Just saying man, u are completely right. But I've watched 10 videos now, u have not talked about 1 single method yourself. All you have done is say, we use methods, financial models, etc, and never explain any of it.

[@jackreacher3663]

Because he blowing smoke..

[@AyMen-pu1vc]

hey man! I'm really happy to find your channel, you translate almost all the unorganized ideas in my head into well-written sentences. Big fan

[@wongpeople]

Mr Jesus here is a Hustler like all the others.

[@gamingandgunpla]

Just found your channel. Did pretty well swing trading in the past few years and was considering day trading but your channel is definitely making me reconsider.

[@DavidElstob73]

Day trading is DEFINITELY viable if you study your chosen instrument thoroughly. For me it's gold. Also if you can make money swing trading you can do the same on the smaller timeframes. A chart is a chart, after all. The truth is, most traders faill in my opinion, because they look at the previous leg of the trend instead of concentrating on the one that is happening. This makes it so easy for us to do the opposite. Sentiment always goes in the opposite direction to the trend. Retail gets shorter when bullish and longer in bearish environments. Coding Jesus is without doubt a highly intelligent man, and I admire this about him, but he is equally arrogant. He sees anyone who is't a quant as a loser with nothing to offer the world.

[@mco4972]

@@DavidElstob73 well, that's a bit a trait of engineers. Those who don't do engineering/math stuff are for them peasants. And they are quite vocal about it too.

[@DavidElstob73]

@@mco4972 another quant channel used the analogy that all the big gold nuggets have been found on earth, but there's plenty of gold dust. Therefore, high frequency trading is the way forward. How stupid. There are big moves on charts all the time - charts aren't physical like real gold. They'll never run out of big moves.

[@taylor_o]

"manage risk" is a classic... this is said incessantly in trading chat rooms, yet never means anything

[@CodingJesus]

Exactly...

[@louisszeto31620000]

Why every “gurus” thought stop loss is risk management lol, its just one single minor skill. The dunno about statistics like value at risk, covariance etc

[@manojramesh2489]

@@louisszeto31620000 Ik how banks trade I trade like banks Banks trade price action 🤡

[@zatarawood3588]

Its also said by almost every hedge fund or asset manager ... in fact they have whole departments paid a fortune to 'manage risk'. Its essentially controlling the downside and you can do it in a simple way at home, by say cutting a loss at 5% in any position, or in a complex way by building a massive model looking at historic drawdowns and correlations of positions etc.

[@martinlutherkingjr.5582]

If you already have a basic education, no amount of reading regardless of what it is is going to make you smarter. Intelligence is fixed throughout one’s lifetime.

[@iloled2924]

Consumption of Omega-3s can make a slight difference in IQ tho. One of the few things that may move the needle favorably.

[@martinlutherkingjr.5582]

@ What’s your source for this? What dosage and type?

[@iloled2924]

@ i ran a double blind placebo controlled study with myself as a participant. they help a noticeable amount. before fish oil i was able to get 66% of LSAT analytical reasoning aka logic games. after taking fish oil for a while, i was able to get about 80% correct, in my head. they allow you to do things in your head, they help connect your thoughts and be able to fit more into that window of working memory. Approximately 30 participants total, including myself, and there was a statistically significant increase in IQ of 4.3 points after 4 months.

[@iloled2924]

@@martinlutherkingjr.5582 also, in a 2nd study, researchers at the University of Pittsburgh have determined that healthy young adults ages 18-25 can improve their working memory even further by increasing their Omega-3 fatty acid intake.

[@Drone256]

Why are you analyzing other people's analysis of their emotions? This is useless. Remaining fiercely objective is how you win. If you can't make a mathematical argument with data then ignore it. You and I have no idea how much money she is making (or losing) with her trading. There's no data. Nothing to see here. Move along.

[@omniustradingsystems1157]

Why don’t you review Ross Cameron (Warrior Trading) He’s an educator and has audited multi-year trading records, I’d be interested in your similar review. Why don’t you also provide a similar trading recap by one of your firm traders. Really show what’s involved in being a algorithmic trader in the small/large institutional world. There are retail algorithmic traders who don’t have the emotional reactions of discrentionary technical analysis traders.

[@cramsa]

Don’t hold your breath... he probably will only “review” people who make himself look more competent.

[@ThePunishedLeaf]

Ross Cameron is a scammer

[@borntodoit8744]

@@ThePunishedLeaf No Ross Cameron CAN trade but he makes much more money from teching trading...last i heard 3M per month !! Hence he can afford to "show off" a trading account of 1M with thousands of profits (and loss) per trade. Even if he lost 1M on trading he still made 2M that month. You see the numbers and how they work.

[@mvl3379]

Fake trading records. If he is so good at trading why don't he build his own fund? Why teach? None of his "students" succeed. Which fund/bank teach their trading strategies for a fee?

[@StenellaFr]

ross cameron is successful but also very dangerous as he promotes day trading on youtube and has a million followers. more beginner traders will come and give their money to small caps market that he is trading in.

[@MuminovicGoran]

11:12 rubs his head to prevent emotional headache Hahaha :)

[@cramsa]

I haven’t seen any traders say “I want an employer.” Many get into it to not have to work a regular Job...

[@PamphileJonathan]

That’s the purpose

[@rcmag13]

I posted a statistic on one of her videos that day traders are far more likely to lose all of their trading capital then to make any money. It was promptly deleted....sad. I guess we can't post truth anymore. It's not even debatable, most day traders lose all of their capital.

[@cramsa]

The people at the firm aren’t trading their own money...

[@Spaceshipbreakout]

The difference between an institution and a "day trader" is one youre handiling other peoples money with a specific strategy that has been thought. While retail is just trying to make a living getting out out of the grind and are handling their own money. That type of pressure is something you dont seem to grasp.

[@DefaultGuy84]

Long Story Short: Bad unskilled day-traders become financial or quant analysts.

[@IDONTPARTYMUCH]

😂😂😂😂😂😂😂 fakes

[@HeraldoS2]

About the ending statement: as a mathematician I still have much to learn to roast someone like that XD..., but it was funny

[@codelikeivan5355]

I understand what you're saying in this video. But you can't compare a trader from a prop firm to a retail trader with emotions. A retail trader is trading with their own capital so there is an emotional side to it. Prop firm traders are not trading with their own money so emotions are numb in trading.

[@CodingJesus]

You're right. Day Traders trade their own money, Prop Traders trade their careers. If a Day Trader loses $3000, oh well. If a Prop Trader loses $1,000,000, good luck finding employment.

[@codelikeivan5355]

@@CodingJesus yup. So maybe Prop traders do have some sort of emotion while trading ? 1,000,000 on the line means job on the line ? Geesh I guess emotions are in play during trading🥴

[@CodingJesus]

@@codelikeivan5355 Please watch my video on risk management to gain a better understanding as to how risk is managed in real trading firms.

[@AnthonyBerlin]

@@CodingJesus As I see it, there are two main reasons retail discretionary traders get emotional when they trade. 1) They do everything manually. They can't manage a portfolio like a prop trader can because it would be impossible to do so without the necessary software. They aren't automating the trade execution so they can only focus on one or two trades at a time which means they need to simplify their risk management and risk more per decision since every single trade affects their bottom line way more than a single trade in a portfolio ever would. That makes each decision more emotionally tolling. 2) They don't trade based on statistical models. All they have is some manual backtesting data (usually win rate or ROI) based on like 100 trades. In other words, they know in the back of their minds that what they have could fail at any time and what if that time is now? That definitely makes their decisions more emotionally tolling.

[@DefaultGuy84]

At the firm nobody talks about emotions, because it's not their own money. Actual trading is control of emotions. Quantitative models don't guarantee price movement, like many quant traders think. Technical analysts, don't need to sit for 8 hours making money. These are all doubts, quant traders have about technical traders.

[@drleo6409]

Emotions.... It would be like if you found $100. you would feel preety good. But to loose $100 you feel very bad. It is like someone stoled it from you.. the gain is less positive than the loss is negative. Money is money... no matter who you are.

[@KoldAsFire]

Every single ad I get off of your videos is from Tim Sykes, a day trading guru.

[@Yolicious111]

You clearly didn't study the life of Jesus..... Don't take that name in vain

[@BrennanVest]

this is literally the reason why they regulated hedge funds SO much after the 2008 financial crisis. This is a prime example of someone who doesn't actually understand trading but will sell a course because they get a "high". Great video, I'm just late to the party.

[@mcevensbien-aime4558]

@Coding Jesus I am sorry but they do use "Low Float" as a terminology on some proprietary firm. Example SMB Capital.

[@toppointtraders8099]

i can bet my money , he is a failed traders and a pessimist on trading community , and talk being a quant , while he has no prove , he is just a regular youtube coder. question him to show his quant background.....

[@IDONTPARTYMUCH]

Facts

[@miunify]

Successful traders with 10+ years of trading experience that live off of trading and nothing more are watching this like 👁👄👁

[@user-dr9gs6wh1k]

I can confidently say that you couldn’t give a singular example of one...

[@miunify]

@@user-dr9gs6wh1k i don’t care what you can confidently say or not 😃

[@user-dr9gs6wh1k]

@@miunify Awee, did I hurt your feeling? 🥺 poor guy

[@redalertwagers]

Delta hedging options works - There is plenty of math behind things like selling 16 delta strangles in high volatility. Never buy premium always sell premium and look for high volatility and you can determine implied volatility rank by taking the high - low over the low.

[@gamechanger6431]

You guys either agree with a trader earning a living trading, or developers earning a living coding. Remember one of them trades and the other watches traders trading😂

[@hansen370]

This guy just said he doesnt trade... UNSUBBED. and its 4 figures by the way.

[@alexanderbrik1831]

I use market neutral strategies and my friends from the hedge fund say that technical analysis does not work, it has been tested in all ways - at a distance it is unprofitable

[@robertmazurowski5974]

Your clearly never traded the stock market. It is easy to be non emotional when trading with other peoples money. Do you realize there is more to trading than quantitative strategies and propriayery trading, market making? Yes this kind of strategy with negative skew you should not scale down, it doesn't mean there is no strategy where scaling down is good. You are saying something about bettering the world? High frequency is bettering the world?

[@digitalnomad2196]

you had me at "bettering" the world. How is your firm bettering the world. How are the banks bettering the world

[@inducement]

providing money, giving people more money with interest n stuff, it’s how banks make money to help others

[@Just0ke]

Your wrong on a few things. But ill list 2. To be a day trader, you do have to numb your emotions and trade objectively. Emotions have alot to do with trading. 2 Bear market or bull, doesnt really affect day traders. Think of day trading as the microverse. There going to be days where 1 stock shoots to the moon. There's always gappers and stock hitting the high of day momentum. Typically volume slows down during the summer and pick up in the fall. And shes not saying she doesnt feel as happy when she wins because shes won so much. Its because when you loose, you always feel twice the emotion in the other direction. If you traded you would know this.

[@craigaxe2251]

As a Day Trader I just practice discipline with my strategy, 1:2 or 1:3 risk v reward ratio if you have a statistical advantage with your proper entries and stop losses you will win more than you will lose! All of us take losses we just make sure our wins are more than our losses to be successful… also there aren’t any emotions trading shouldn’t be exciting it should be boring.

[@druntopronto7598]

you would try what is day trading, you would know what she is talking about. she is talking the right thing. your company traders are not trading with their own money but we do and even they lose nothing happen to them. what i do not understand : how can she lose so much what causes an impact on her mood? Psychological imbalances are not allowed in trading, i truly think this is one of the main reason why people lose money. they are unable to control themselves for the long run. how crazy is, you have to be certain in an uncertain environment.

[@1aPPro]

Right... the guy that doesn't day trade can say that it can't be a career. So says the guy that looks like trash and says that a person that works from home is not contributing.

[@inducement]

bc stats show it’s not profitable, anyone trying is just delusional, the only profitable thing with TA is swing trading and position trading, but the rest should be based off real data and not astrology lol

[@ariston111]

History does not predict future price, but it can give you an edge. Even if one does not have an edge, they can make money by utilizing good risk management techniques and understanding the fundamentals.

[@alexandres8968]

Hi coding Jesus , I traded for 5 years without consistency and I now realize that day trading isn’t gonna bring me anywhere and that most of the people out there are fake . I’m soloist right now , I don’t even know what can I do

[@inducement]

study financial engineering, get a job in finance, get into some quant fields and use some money to start your own quant business and trade off that

[@Amanwants]

@@inducementPlease what kinda job in finance and what specific skills do I need to learn?

[@inducement]

@@Amanwants i work in quant, most of my work is with machine learning and math

[@apathyreview3964]

Bro I'm also a coder I also do quant analysis AND IM A DAY TRADER. Agreed that chart patterns are garbage and agreed that it's about intrinsic value and macroeconomics and that it's hard.

[@anothernumber9753]

"if you wanna learn how to control your emotions maybe get a girlfriend do something else that's actually emotionally challenging" I appreciate the dude being honest about the reality of relationships as opposed to it all being sunshine and rainbows. 😂😂😂😂🙂

[@WillyWooly]

If she can make it back fairly quickly, then why even get emotional about it. Wait she said her mindset wasn’t right then later said she didn’t trade emotionally at 4:19. Then 2 seconds after says she ended the day green… then why is she sweating over this?

[@ThePunishedLeaf]

Thats how you know shes not being truthful and likely uses fake p&l

[@Centori88]

This video takes me back to my grad school days as an international student trying to make extra cash in Maryland trading FX on Oanda after I paid for a course for $300 ,i eventually traded FX and money markets at a Swiss bank for 4 years and I can see a lot of deficiencies in this whole scenario and why I would discourage retail trading unless you have a highly trained mentor who can stake you capital.My bank spent lots of money to train me and sometimes I had loses-the most €30k,but l I traded profitably for at least two years on the desk.Point is trading independently requires extreme experience,discipline,resources or all to be profitable.

[@Stew282]

It amazes me that she mentions a stock more than doubling in price, and it never occured to her to ask "why?" There must be a real-world reason for such a drastic movement, and it could be indicative of further increases to come, or anything - to trade blindly on the price movement alone seems reckless in the extreme.

[@TraderRoss]

whether its moving up or down she would find the catalyst causing it just like the rest of us.

[@bacool]

Exactly… it’s pretty unsophisticated. Notice people with higher education usually don’t daytrade - and if they do trade futures or daytrade options even then it’s based on more sophisticated strategies such as orderflow and not technical analysis.

[@user-nm9qd6bo6h]

@@bacool most people regardless of education don't "day trade", it's a pretty niche activity to invest your time into. ridiculous comment

[@JenMarco]

She makes money shorting stocks when they go down. Bull and bear market don’t effect her ability to make money. She’s got great advice in this video. I don’t understand why you have a problem with it.

[@pedroewert143]

history is not a good predictor of price movements but a good predictor of decision points

[@jamesanthony5066]

12:00 - the stock makes a lower high. Few things as bearish as that. Trading under volume weighted average price, and ema's there. easy short, couldn't break over vwap or 9/20 ema's as well. Algo trading uses vwap/ema's for their buy/sell programs. Hence why a lot of times as soon as we touch vwap/9/20/50/200 ema's will IMMEDIATELY spring up with unexpected force (buy/sell programs). Most trading is algorithmic. Algo's must have criteria for their automatic trades. That criteria is often revolving around vwap/ema's (average price for the day). That's how they get the best prices for that day.

[@williamfoster4150]

I am an extremely rational person and I would disagree with you here. I had this discussion with a colleague. The bottom line question is, what drives the market price finding mechanism. There is only 3 answers to that: 1.) fundamentals 2.) psychology 3.) math/algorithms/data. I think it is pretty clear that fundamentals do not drive the price, at least short term movements (long term of course they do, but this is about day trading). So its either algorithms or people, which act like people (which brings us back to emotions and psychology). If you argue its algorithms, the question is what are the parameters (the relevant actors in the market). I would argue algorithms represent mathematical models of market actors (represented in data) with a speed advantage. So the person is the egg, and the algorithm is the chicken. But even if you argue vice versa, my argument would be that every mathematical model can have a visual model. I would argue that you do not have to program a function based on data if you can understand its meta model and information presentation (the graph). That is what people who try to "read" graphs claim. One can of course argue whether their methods are valid or too naïve, but if one assumes that short term market movements are based on fuzzy math, machine learning and algorithms, there is a graphical model of that, that is subject to pattern recognition. Personally I do not day trade, I try to understand what I buy, that works well for me. But I do not, for a second, believe that short term market movements follow rational causality. I think the algorithms just have become better at being predictive neurotic than the input they process.

[@keithrob1450]

CodingJesus, can you do a video on stock manipulation? To warn your viewers if "manipulation" is a real occurrence or not. And if it is, ways to spot it, and use it to help your trades. Thanks.

[@zeewtube01]

fun thing that u say in the quant video that a trader's mentality matters; which is another word for emotional control. How come it's bullshit whn she says it?

[@CodingJesus]

Rewatch that snippet in this video.

[@amgineco]

This Quant Developer is no trader.. Tim Grittani and Steven DUX are some of the best traders out there..

[@fminc]

Thanks for your work. I saw 4 of your release, Subscribed. All the best.

[@anthonyc2238]

The triple consolidation reverse backflip tho ... lol

[@CodingJesus]

Only the professionals can achieve that.

[@identifiant]

When you have a video named "Why I don't day trade", and another "How I became the top day trader..."

[@keshavkapoor4594]

Cmon dude… I think only a day trader (whose had a couple of years of experience) should assess another day trader. It’s a profession and a serious one at that and should not be casually commented on like that.

[@PartialOpinions]

Immaculate Irony: Ignorant content creator passing himself off as an "expert"... while self-identifying as "Coding Jesus"... criticizing a self-identified learner who calls herself "HumbleTrader".

[@martinsl1979]

Another thing there is a huge difference to be a market maker and a directional trader. Market making is easy compared to directional trading.

[@charlie3k]

If your strategy relies on controlling your emotions, then your strategy sucks.

[@martinlutherkingjr.5582]

Or you have an emotional control problem

[@toppointtraders8099]

he tells about trading courses but sells coding course, how hypocrite

[@markymark6229]

day trader has such a dirty connotation, I wish there was a term for independent traders who may not work for a firm but still use a quant workflow to trade vol, pairs, etc

[@amgineco]

Proprietary Trader.. System Trader..

[@cnaccio]

Knowing HF very well, and as a long time day trader, many of the points in this video are way off base. Additionally, what in the hell does market making have to do with day trading? Also the short bias was due to a large gap up on a low float company which is a great reversion to the mean opportunity. Either way, still interested in the alternative perspective, and appreciate the content.

[@WannabeOperator]

The perspective is simple fact. Something like 95% of day traders lose money. All he's saying is that it's not a viable career for the vast majority of people. TA isn't a sure fire method and never will be. He's not saying people can't make money doing it he's just saying the majority will fail. And he's 1000% right.

[@BlazeTrades]

@@WannabeOperator 1 in 20 isnt bad odds if the odds are that you will be a millionaire, how much better do you think the odds are for someone with a higher IQ ??? if your already in the top 2 percentile as far as IQ I think its worth a try paper trading then move on

[@user-he7sc3fg3r]

@@WannabeOperator using ta is completely different trading using algo or quant. So stfu

[@JonTBH.]

6:54 you mention 95% but what about the 5% who became profitable and actually found an edge or came up with a system?

[@beloved_lover]

That would be something if I could find someone who's in the markets, be that algo, daytrade, swing trade, value investing, dividend investing, and wouldn't try to sell something to me.

[@justcallmewil]

She makes money doing what she loves, and she makes money sharing her experience. You are trolling for likes shiten on her business . That is disgusting.

[@Jaroen66]

About the hi’s @ 4:50 I’m pretty sure she means high daily returns from trading, which can come from going long or short or w/e. Why does that have to do with the bull/bear market if you can go either way as a day trader? To me it seems like you are purposely trying to find things to nitpick on

[@AR42499]

I mean to put it simply she doesnt have nearly the amount of knowledge as him regarding this topic

[@AnthonyBerlin]

@@AR42499 The topic of hft marker making? Yes, you're right. :)

[@VOLightPortal]

Most of the garbage strategies she cites can be backtested and can be demonstrated to have no long term edge that is indistinguishable from random chance.

[@robertosoto8580]

She is a very bad trader.

[@brayanesquivel1575]

i think she meant to have emotional intiligence but stomach a paper loss idk why she would realize the loss unless she did not know what she was invested in though

[@BryWMac]

Ask a day trader their sharpe ratio, tell me when you get an answer, I personally haven’t yet

[@agentdark64]

I laughed when he said doing something emotionally challenging like getting a girlfriend. Yeah those girls are emotionally challenging to maintain.

[@amgineco]

BUT, she IS cute!

[@FranklinPiens]

4:55 .... what do daytraders care about bull or bear markets... I think you (or I) missed something about the concept

[@LarsLarsen77]

Day trading is crazy. If the market isn't providing you an edge, then you're just gambling.

[@survivingthetimes]

3 years after this video, I would absolutely trade dogschitt. I know that plenty of others would be trading it, and would get out before the others on the bandwagon did.

[@tiannahl]

Really good reaction video. Don't know anything about trading but definitely walking away learning a thing or two.

[@CodingJesus]

Awesome. Glad to hear.

[@AM1998-]

If your letting this guy who doesn’t even Trade himself or know what he’s even talking about when it comes to trading affect your decision then Goodluck with anything in life.

[@KH_1892]

If i'm a profitable trader, i will spend the rest of my day to enjoy life. Shouldn't a humbled trader stay low profile instead of go public? This really a joke. Only those traders who didn't make money on trading will spend most of their time on video editing to cover back their losses. Is either you are a good trader and sharing video for free or you are a fake trader and just focus on selling courses.

[@choup-channel]

Can you make a video on how prop traders use fundamentals to trade?

[@ThomasFoolery8]

They don’t. Fundamentals are already priced in.

[@ThomasFoolery8]

@rysio ochódzki my friend, FA and TA are a scam sold to amateurs like you. I work in the hedge fund arm of a prop trading firm (probably a direct competitor to this quant dev’s shop) and I’ve worked at a few other shops throughout my career. No serious trader gives a damn about fundamental analysis. If it’s real, it’s priced into the market the moment the information is released, and there are other businesses who specialize in that trade and are scraping text off Twitter posts the moment they come out, etc.