Trading 201: How To Read Stock Charts Properly & Develop a Market Bias

[@Live.Traders]

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[@jasontaylor2237]

Jared appreciate the video. all of your videos are very educational but I wish you would have went a little more into developing a market bias. a little light lit up on your segment about market bias. this is something I think could be very beneficial. Gaining a better understanding on how you should be looking at the market day after day. the chart reading ahhh I would say you've touched on this many times. however I do like the placing something over the chart to practice reading. btw no trolling or leaving stupid comments from me I'm really trying to learn. keep up the good work. salute

[@arjunkumar5035]

Hey, Jared nice educational videos it has helped me in my trading career I see the three-bar play almost every day it was in ICD, MRIN, MOSY on the 5 min chart today. The thing is I've got my entry and exit (2:1 or 3:1) all right but I feel like I am missing some profits above 2:1 Risk reward is that normal to just give up on profits or is there a method I can use to scale up my profit taking levels?

[@josephmichael7474]

Hey Jared, thanks for the awesome video!! I am speaking with customer service at Tradestation, looking to open an account and i want to follow your lessons down to the program. I need some guidance in choosing my subscription. I am new to trading, going to have about 10-15k in my account. Which market data subscription should i be using? a customer service rep recommended Russell 2,000, Nasdaq #3 and Enchanced market depth. Can you share your thoughts?

[@sonsdanaturezapararelaxarl252]

we are together my brother .

[@jasontaylor2237]

@@arjunkumar5035 you replied to me not Jared lol look a little closer before you reply

[@monjuinc.2760]

Most dangerous things in the world: 5. Kicking a bear cub in front of its mother (danger level- 55) 4. Going to North Korea (danger level- 71) 3. Being an enemy of the Clintons (danger level- 83) 2. Holding a metal pole during a thunder storm (danger level- 95) 1. Jared Wesley finding out you entered a trade without a plan (danger level- 9999)

[@Live.Traders]

RFLOL!!!

[@KryptosChain]

*Lol, definitely the funniest comment I've ever seen in a long time. It's true, Jared would be a good General in the army, he would turn those boys into real men*

[@vintagestrings6]

Lol, So True. Something that needs not to be forgotten everyday.

[@dedyjuliana3353]

😆😆😆

[@gilpul71]

honest true!! lol

[@SuperSterling]

I’ve watched about 10 of your full length lectures and though I’m still learning the basic principles and strategies, it has been one of the best free resources I have found for learning this skill. Simply put, I have wasted hours and hours of my time digging through content and articles, only to be disappointed in the quality or even accuracy of the information. I am in the financial industry and so naturally I am questioning the validity of what I am hearing and It has been a struggle to find good resources for free on this skill, and I have definitely received the most benefit from yours and Rayner Teo’s channels. Thank you for sharing your knowledge for free and keeping the integrity of the content and business by sharing accurate information! I’ll keep watching and I just subscribed!

[@proxgamer5432]

I love this guy. I paid for trading classes and learn nothing. Here is free detailed information that worth thousands. Thanks, Jared

[@navstock]

Thanks for the vid. A couple of comments. 1. If your expectation is the market will be up/down on the day, trade the index instead of trying to play wack a mole on stocks. As a trader look for the most consistent thing to trade. If you do want to trade stocks, have a good way of measuring the overall direction of the market and know where you are within that market. Only trade the stocks that make up that index and be guided by the daily on the index. Know how your stock effects the index both positive, negative and neutral. Organize your stocks into sectors and know how each sector effects the index. 2. 2nd example shows a three drives down pattern. Look for a turn after the 3rd drive. 3. The further a pull back is away from the start of the trend, the greater the probability that the continuation will be less. This is true most of the time but you need to watch market sentiment. If you are in a fast moving market you are going to see rest spots. These are different to pull backs. The best pull backs only retrace slightly. Large pull backs can lead to trend reversals so be careful. Look for hook turns at the start of new trends.

[@patrickluby4019]

I did my first trailing stop , .97 cents , on UPST, and got out , with a thousand dollars, it felt great, thanks for the education I have received from your videos.

[@badgirlsnowflake]

Your free videos are better than most of the paid stuff i have seen from other teachers. appreciated.

[@RJSLIVEE]

it makes sense why most traders fail when fake gurus get millions of subs and views, when the people who actual teach you how to trade like a professional don't. but if everyone knew how to trade it would be harder for me to take their money! keep up the amazing work Jared, the best to ever do it !

[@Tom1997A]

Thankyou for what you do you have learn me so much I started off with $300 and now I'm sitting on $2400 within 7 days alot of brave moves I made but it's paid off so thankyou.

[@santos4802]

Thank you Jared this really helped, a few months ago I would get in and out of trades pretty much just shooting in the dark going long and short hoping my trade would work, I've learned so much from you I can't thank you enough today I waited over an 2 hours to get in at the price I wanted and held to my target for over an hour... Entry stop target!

[@Live.Traders]

Thanks I appreciate that!!

[@d3v1n-06]

I feel good after watching this. Ive been staying safe.After watching this with no trading training after 6 months ive tripled my money

[@samuelwilkinson6487]

I've been in a few chat rooms and have watched countless videos but your the only one I've found who really gets into the knitty griddy of reading a chart minute by minute. Thank you for the lesson :-)

[@jasonfarris8017]

Thank you for this great lecture! The slow, step-by-step breakdown of the charts was *extremely* helpful! I discovered Live Traders a couple weeks ago and have been taking in as much as I possibly can. What a valuable resource! Your efforts are truly appreciated!

[@devonteforeman]

Today marks my first 2 weeks of trading. My very first day I netted $200. Then the next 3 days I lost $600 because of the false sense of confidence I obtained on the first day. I'm now back to even after religiously watching videos like yours and understanding risk versus gambling. I didn't invest anything I wasn't prepared to lose entirely, but I am beginning to realize this is a marathon rather than a sprint.

[@Live.Traders]

Money Management is your #1 job. Risk SMALL amounts of money, like $10 per trade. That means don't lose more than $10 if you're wrong.

[@tyvin8]

Brother; nooby mistake #1 is thinking with a little education you know what you're doing. Risk management: psych management...study price action, what the candles are telling you, support/resistance, emas, volume, divergence, and that's just the tip of the ice-berg...it takes time. On average I would say the best can get a handle on it and trade from home in 2 years time. Then there's all the nooby mistakes that everyone goes through...good luck. Word of the year = patience

[@devonteforeman]

@@tyvin8 I was actually planning to lose everything I put in. My investment is less than 1% of my current liquidity, so I really did not care if my decisions ended in disaster. I also opted out of margin so my losses would be limited. I'm up $400 after shorting oil on Friday though. I fully expect to sustain more losses, but if I learn from them, then that was my objective in the first place. Investing isn't a fail-safe for me, nor is it some get rich scheme. I am more than content with what I earn from network analysis.

[@itpl5050]

Hi Jared, the explanation to read the charts presented here is unlike anything i have ever seen on KZbin. Appreciate your knowledge and dedication and hard work you have put in. Love from INDIA

[@johngildea8032]

Love the video. I watch your videos multiple time no matter how old. Nothing better than a refresher when my trading is not on point and I'm trying to find what's slipping.

[@ruslankryvetskyi3913]

Jared, you are greatest teacher out there, seriously your lessons are the way to turn those folks (like me) into real traders (if everyone would listen to everything you say it’s just impossible not to become successful) Huge respect to your job and big Thanks!

[@Live.Traders]

Thanks I appreciate it!

[@alexdiazll]

Jared, all I can tell is thank you for every video you post, I started 2 months ago and all I do after I finish trading is to watch your videos to get better every day. I been doing 10 to 30% after the pre-market but I still need to get better on the 2nd entry, usually it goes 40 or more on the 2nd entry. Thank once again

[@HappyHitman]

You got the like before you even got to the main subject. The first 12 minutes of this video is worth the click alone. Subscribed.

[@jgmacwizard]

I love a wise man who gives wisdom that is well discipline ...money is good to have if it's well managed...great video...

[@KryptosChain]

*My man Jared is back! You're like the new Netflix for education for me now, Jared. You know I trade crypto but following your rules has helped me big time. Risk management is almost everything. Keep up the great work !*

[@elypelowski5670]

Trade what you know and feel comfortable. Patterns and risk are the same no matter what instrument you trade. Nice Job

[@Live.Traders]

Glad to help!

[@KryptosChain]

@@elypelowski5670 - Thanks Ely, that's true. I'm also a content creator but on my channel I don't talk trading as I prefer to learn from guys like Jared.

[@andrewpm2]

TD Think or Swim actually crapped out the other day for 1-2 hours. Luckily I put in a stop loss (paper trading thank God) but I can only imagine the pain if someone didn't put in a stop loss. I saw a forum where people were complaining and asking whether or not TD was going to make concessions for those who lost on a trade LOL. Love your teaching approach and content.

[@malice112]

Jared you might just be one of the best chart readers I seen. I learn alot from your videos, thanks for sharing your knowledge and experience.

[@Live.Traders]

Thanks I appreciate that!!

[@MadeInBelize]

I am over a year late after this post but you explained the charts so well I have gained so much knowledge of how stocks work. Thank you!

[@IBAICOINx]

Already knew what was going on when I saw the " when will the insanity stop" thumbnail again. LOL.... another great video, seriously the mostly underrated channel

[@tiffanywoods4759]

This is the high light of my week!!! Thank you. I have been making improvement since I started watching your lessons...I am taking trades more mechanically when all the criteria is met. Day trading demands high trading skills!!! Thank you so much!!!

[@Live.Traders]

Awesome glad to help!

[@robbiemcghee5322]

Step by step analysis of each chart. Excellent lecture 👍

[@bookle5829]

Jared is basically the Gordon Ramsey for traders. :p

[@Live.Traders]

lol

[@chankun2720]

Even he is a good cook Ramsey make the money investing in wine business.

[@seraphthecreator]

Umm...over 80% of the nightmare restaurants that GR visited eventually went bust.

[@haneyguitarinstruction6260]

He's the greg doucette of trading

[@choochy2]

This was really great. The 'market bias' part in particular. (On the topic of 'unconscious competence' etc, sounds like aspects of the Dunning-Kruger Effect in psychology. In a nutshell: "As described by social psychologists David Dunning and Justin Kruger, the bias results from an internal illusion in people of low ability and from an external misperception in people of high ability; that is, "the miscalibration of the incompetent stems from an error about the self, whereas the miscalibration of the highly competent stems from an error about others". )

[@Live.Traders]

Well Said!!!

[@winstonloke2860]

im so good at losing money, i dont even think about it. unconscious competence at its finest.

[@mrsingh0]

@Doris Rollins please suggest master trader for me

[@haneyguitarinstruction6260]

I'm unconscious competent at metal guitar

[@miguelampudia3808]

Thank you man, I’m learning how to trade during covid19, I’ve been doing one daily lesson EVERY single day and taking notes about every video. I’ve been doing this for almost 3 weeks and my knowledge has increased dramatically. I’m paper trading now because I know I’m still dumb about this business, but really thank you. I’m 17 so by 19 I’ll be able to trade really accurrate

[@billnicholson9095]

you should end the vids with "FOMO will destroy you!!" it'll make you risk waayy more than you should and make you jump in when you shouldn't... and stay in waayyy too long when you should sell. respect! you're NOT a pumper/dumper like some guys are on youtube. you give SOLID advice!!

[@andreavetranova4536]

absolutely bar none you are the best teacher on the internet on the stock market subject ! thank you

[@lukestrickland1461]

This was a great one. Love the nuance of getting into the mindset of unconsciously putting dozens of elements together to get a clear vision of the pros and cons of a given setup.

[@bboliver725]

Jared is really wise when he says to start small. that really is the main thing. start small, stay in the game, that is #1. missed money is WAY worse than lost money. Lost money sucks lol.

[@CubanCigars]

The most realistic channel on trading!

[@Live.Traders]

Thanks, appreciate it!

[@thomassouthard4246]

Thank you. I am glad you put in the cover of the chart. Everytime I try to put paper over a chart I have seen it already! Because of you I am taking this journey slow as hard as that is at times. Had a bad paper trading day, patients is my problem. Both time the pattern was there just didn't let it finish first. But sticking to it.

[@lawofficeofjohngonzalez5584]

Been with LT for 7 months. It’s starting to sink in. Always traded on my own for decades. This is college level stuff. You don’t win every time I new when to sell something yesterday and locked in a nice big profit due to what I learned here. This lecture was really awesome if you’re in to making money.

[@spoonskill7080]

Sexy chart video....Don't ever let up on discussing money management. Pound it in our heads. Thanks for going back and covering the basics over the last recent videos.

[@drakeboutte1349]

Jared Wesley is a boss!! Teacher skills through the roof.

[@michelleachacoso4983]

Experts tell newbies to start small. Good advice.

[@OmnipotenSe]

Always love your lectures Professor Jared, the best no-nonsense market advice around, and you're always engaging with your students even though you have so many of them! Keep up the awesome work :)

[@Live.Traders]

Thanks I appreciate it!

[@jkpower345]

You come of cocky! to the novice... I absolutely love your candour and explanations. I have been listening to "trade experts" for about a year now. I dont think anyone...ANYONE! spooks their followers like you do... thank you for sharing your knowledge Jared, and I appreciate the reality checks... not enough time in the day to catch up to all your videos, but I will... thank you again.

[@1jeffi]

Great video, 👌👌👌🙏🙏🙏I missed my appointment because went watching all the way to the end and I am not regretting it. Very informative.thank you Yours Unconscious competence

[@gregoryjules2005]

Thanks for the video! I learned that if we gap up or gap down into supply or demand zone, which leads to a sideways day. Sideways days do kill me because I get killed by option theta in decay, and holding to target is painful when it gets halfway there and reverses.

[@tkdhanesh01]

Blown away!! Level of understanding ! Thats it

[@tylers4163]

You are a great teacher! I look at charts a whole different way after just watching a few of your videos compared to countless videos from other traders. I closed out all other indicators except the 200ma. I lock on to patterns much quicker while putting together my watch list. Hope to buy your book sometime soon when I can afford it! Thanks Jared.

[@thescapegoat2954]

Your content is so good that being provided for free should be illegal !!! Thnx once again Sir !

[@harca6]

Jared and Anmol are Real ones in the industry! Keep it up fellas!!! Cheers from SoCal USA!!

[@connermacleod3607]

Best Tradimg Teacher ever, thx a lot

[@equitystocks2776]

Thank you very much, The entire session worked like a refresh for me. I started a year ago blew up account though i Kept it small in size ( Still Hurts) and I am convinced its not easy job. I need more depth and reach a level of unconscious Incompetence to unconscious competence , will take time but I will try, Thank you Jared, keep the good work up. Love from India.

[@well6ess]

Just buy or sell on the first bar entirely below or above the MA after a trend reverses. Works very well. Keep it simple. I like to use a 12-day MA when trading the 1-minute chart. The method is great in trending markets and best avoided when a price is choppy. Combine it with trendlines and you've got 70-90% correct indicators.

[@morphosis7655]

Thanks Jared. I appreciate how much you break things down but keep it really simple and attainable. I’ve just started learning TA the last week or so, I’m learning fast and grateful for your content. 💪💪

[@ttolsontrader]

This was one of the best trading videos I've seen in a while!

[@Live.Traders]

Thanks I really appreciate that.

[@austin3153]

I needed this today! Thank you. Saved to watch after work

[@Live.Traders]

Glad to help!

[@larryharvey7709]

Unconscious competence. Martial arts grasshopper. 🙏

[@naderk2770]

I wish more people like you explained things the way you just did on this video, keep up the good work man well done :)!

[@elypelowski5670]

Absolutely FANTASTIC Lecture Jared. Thank You !!!

[@janmeijer9774]

Again an excellent lecture, thanks for that Jared. You take a lot of effort to make these great lecture, so let us (students) promise you to stop the insanity.... For sure, I will do my best not to lose money...by doing the stupid moves.

[@willweiss3205]

Great video as always. Just started following you and it pays of every second. Valuable advice and teaching. Thanx for sharing.

[@robinm1059]

I love the "unconscious competence" piece, and doing the trade review like you did will definitely help with that. Great perspective, Jared! Thanks a lot!

[@DejaVu0]

Thanks for another informative vid Jared. Keep these awesome post coming!

[@SBTrading-c7v]

you are the best thing that happened in youtube

[@Live.Traders]

Thanks, appreciate it!

[@joemooney2078]

Don't know why. But best video yet. Eureka moment.watching this video. Hopefully more practice will get me unconscious competance. Thanks mate. Joe East Kilbride Scotland. Keep up the great work. Your my hero.

[@gsingh386]

I am hitting Like before i even start the video.

[@SandroGigApps]

Missed some of this lecture in the chatroom. Thanks for uploading

[@Live.Traders]

Sure np!

[@Mike-pn9rg]

wow, LOVE YOUR VIDEOS! taking out some big big things that i NEED in order to perhaps someday succeed in day trading

[@davidlane9103]

Hey Jared another great lecture! I look forward to them every week and love the "when will the insanity stop" segments = Keep up the great work!

[@jaybrunn1175]

Completely loved this video.... learned so much today...Thank you Jared!!

[@שוןמיילי]

what a deep explnation thank you so much man. i'm socked that i didnt know it until now

[@jcherrera70]

I love the bar-by-bar analysis at 42:05

[@therearestorms7471]

I feel like this guy should be my life coach

[@arsalaan8039]

Great Work!!! So precisely explained. Keep going man. Good on you 👍👍👍👍👍

[@adonisd8261]

Loved the Levels of Understanding slide - very true!

[@vilator25]

Thank you Jared for going into depth with these charts! You are amazing! 🔥

[@clarkpavarin2790]

Loved this video

[@larrytradingltd1058]

Youre a great teacher man, really appreciate all the content

[@asamaska4089]

Thank you for your videos! I've been looking for a channel like yours for a while and I'm learning a lot. I'm not trading yet and not planning to switch from my demo account anytime soon. Great content, thanks once again.

[@Ruebit4u]

Great Explanation on the "Level of Understanding " Chart. Thanks for passing on your skills.

[@stuganErik1337]

Im working on developing my confirmation bias atm. One step at a time!

[@eyeservantez]

Thank you very much for the price action lesson I appreciate you more than you'll ever know bud.

[@jonnyjazzz]

I'm on board with the advice, but a note about the TA on the slide from your book: The only TA that could be done in real time is the Stock and QQQ gapping up, and the daily analysis of the V and consolidation. You can't know that the market would continue upward during prior analysis, although while searching for an entry, you can see the market is trending with the stock.

[@Hammer4840]

thanks for taking the time to teach people

[@JustVl4d]

Click click clicked that Like button :) Thank you very much for sharing information and making these great videos!

[@michaelleahcim2012]

I really love your video It's just like a school lecture!! Thanks for your sharing!!

[@Johanfriesen]

Great teaching, to become Unconscious Competent is my goal.

[@atja1000]

Jared, you are an extraordinary and funny guy! Thanks for all your teachings! Your videos are invaluable! thanks!

[@Mike-cv6jw]

hahaha Jared,,,, "The idiot transition.",,,, Yup, that's where I'm at! You crack me up. Excellent excellent lecture. I look forward to them every week now. The fog is slowly lifting. My biggest takeaway today was a much clearer understanding of retracement in the larger context of a trend. I'm still paper trading. Still hit and miss (roughly break even) but one day all these lectures and lessons will gel into a coherent "Big picture". I'm slow but I'll get there. Your teaching style is clear, easy to understand, and always has a few good laughs. Thanx for taking the time to educate.

[@Live.Traders]

Thanks I appreciate it!

[@yoda135]

You're the best as always Jared. Thank you for your valuable lesson.

[@RogueMoney]

simply the best Jared. Thanks buddy.

[@daotecin8987]

Thank you so much for your time and dedication to teach us . So greatfull for this

[@derekstutz]

Another solid video! I've been watching a ton of your content over the last month and have begun trading on your $10 risk philosophy. So far I am doing well. However, I need help with buying and selling strategies. Is there anyway you could do a lecture on the proper ways/strategy to Enter/Exit, set Stop Losses/Limits, set Targets, etc.? I've mainly stuck to limit orders on entries but I've heard you suggest in other videos to enter on a Stop Limit. Thanks again and keep up the great content!

[@andreaprieto]

Love how you explain things, new in trading so I'm learning, your videos are very helpful

[@bassfan71]

Thanks for these videos Jared. I mainly trade SXPL and SPXS corresponding leveraged ETFs to the S&P 500.

[@gayathriraghu1349]

I started understanding day trading by looking into your videos. Hatsoff jared! what are all tools you use for day trading?i am beginner with budget $1000. What is the basic tools required for day trading?

[@nitishroy153]

You mean day trading platform :)

[@JustKrush27]

Awesome video, thank you for taking the time to share your great experience and knowledge, as always l thank you and hope that you continue to teach and mentor us ,who want to be traders .

[@ivanatanasov8939]

Greetings Jared, my name is Ivan, i am relatively newbie at trading, however i am intelligent and responsible personnel, and i am giving you full credit for being genuine at your lectures here at KZbin. I have a question if you don't mind me addressing and in particular : 1 : What trading platforms do you use to do your trading 2 : What is the source of your researches in terms of the trades you are investigating and deciding to trade accordingly to that. 3 : I can see in your monitors, a lot of charts open and you have explained in previous videos, that it is your research platforms, can you give a bit more information of what these charts are, how can other traders can access them and set it for a purposes of better and faster research of what trades have potential in trading. Much appreciated. Kind regards Ivan

[@poeyansaidlou1063]

Jared, thanks for this excellent video, next time cover also the volume bars to make it harder to read the price action.

[@Max-xu8lm]

This man is GOLD!

[@thegeneralist7527]

Otherwise known as gap and crap? Perfect example of today - April 17. Premarket stock up, opens, drops lower, then trades in narrow ranges with few good trends. I dodged a couple of bullets today....lol!