How much MONEY do you need to Start Day Trading? (How to Day Trade for Beginners)
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- เผยแพร่เมื่อ 2 มิ.ย. 2020
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💸Learn to Day Trade: bit.ly/3JVI7ND
🔽Time stamps:
1:41 How much money do you need to day trade
4:07 The RIGHT way for new traders to start- Pay the market tuition to learn
8:04How long does it take to learn day trading as a beginner
10:03 How to learn to day trade with small account under PDT rule
I recommend learning to day trade with at least $4K-$5K, but focus on learning first, before making money. Always start with live simulated trading first before risking real capital.
🔽How to learn to day trade as a beginner
1. Open a paper trading broker account. Best brokers for paper trading:
Get 2 Free Stocks on Webull when you deposit $100 (Valued up to $1400)
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Webull Free Trading App Tutorial: • Webull App Tutorial ( ...
2. Learn Day Trading with online free resources:
Best day trading strategies for beginners
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How to trade penny stocks for beginners
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Day Trading Indicator Set Up for Beginners
• Day Trading Indicator ...
3. Tracking your trades in a trading journal:
Get my FREE Trading Journal + Weekly Stock Picks
bit.ly/2WIm5rJ
4. Consider joining a day trading community if you decide to take it seriously:
Trade with me: humbledtrader.com
How to Start Day Trading As a COMPLETE Beginner
• How to Start Day Tradi...
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DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. You must conduct your own research. I am sharing my opinion with no guarantee of investment gains or losses.
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Humbled Trader FAM count: 289,000
I started with a Lambo and traded my way easily to a Toyota in 2 months
Toyota Supra I hope
You forgot to write your telegram, so that we can get exclusive alerts.
So what you're saying is you got smart and put your money towards something more profitable?
To the moon
Hahahahahahah😂😂😂
I started with $1k in february and I'm happy to inform that I still have $600 left.
you're not a real trader until you blow up at least one account. still got a ways to go young jedi
@@flyingiguana409 or just paper trade
This is Gold 😆🤣
Like she said. Take it like a tuition fee. My tuition cost me 2 accounts $10k. Unfortunately the more you lose the more you learn. But in saying that I jumped straight into the deep end. 24hr markets. I do not recommend this 😂 sleeping next to your computer because you don’t want get out of a losing position is not an ideal lifestyle lol. So 3rd attempt years later more wiser I turned $300 so far into $15k trading CFD with big margins. But you know it’s not your $$$ till you withdraw. 😂
Hi I'm just starting up with trading would you mind being my mentor?
FREE ADVICE: start with the least amount possible, until you learn.
YES
Bingo, start small. Make sure you can afford to lose and use stops.
@@duncanmac2195 by small how much do you mean?
@@waffrentrager8216 Small depends on if you are penny stocks or reg stock. I buy peeny stocks mainly or etf in which case I buy more as they are more stable. $200 for a penny stock.I might $300 tops.
I started with $150
Started with $1800 at the beginning of June and my account is close to $5k now!
Started with $950 in March 2020 and now sitting on $16600 thanks to DeFi 🍾
@Heyheyday66 meaning cryptocurrency
swing trading has made me some nice gains. but i'd make better gains if i could take the plunge to quit my job and manage my trades more actively
which platform did you use? I tried Interactive Brokers but apparently I need a hundred grand and have experience.
@@jaredbruce5559 thinkorswim by td ameritrade if you're in the us
I started with £500 and now I’ve about £530
Retiring any day now.
lmao, profit is profit
Her what app
I actually had it up to £1400 at one stage. In one day I got £480. Pure luck though. One huge slump in crude oil last week wiped me back to the start. I actually forgot to put on my stop loss. I’m using AvaTrade just to learn the ropes, I’m ok with my money going up and down I’m learning. That app lets me use equity so £500 is like £5000 of shares so your profits can go up a lot quicker, down a lot quicker too. It’s not ideal though, watching all these videos and learned so much, but really need to get a proper trading platform but at the moment I’m just picking up the mentality of this all.
what the broker?
lol same here i started with $300 about 3 months ago and now I'm $500. i don't know anything about trading and I'm profiting little by little.
I started with $5k over 6 years ago. I was down under $2k at one point. I learned a lot. You've said it many times, but I was lazy and not putting the work in like you have to. Day trading isn't easy, it's a LOT OF WORK. I'm making a living doing it now, but I thought for sure I was going to lose it all at one point. Fortunately, when I started trading I was also working a regular job.
Just remember, trading is work... a lot of work. If you aren't ready to put in the work, do the research, and be focused on what's going on in the market... don't waste your time and money.
If you really want to get into trading to milk lots of profit. You have to do it right. Waiting for stock or trades long term to go up is actually good idea but doing it the better vitonic way is better where secure your money and profit and still avoid loss. Could refer you to a mentor but you honestly have to be serious and determined
You're the most honest day trader i found after a year learning and practicing demo, and 45 days as trader.
My feeling is we need to focus on learning, the money is just the consequence of good learning and later on mastering the subject. Never the opposite.
After first 100 of losses, we start focus on the Money Management for serious, and only then, we became profitable.
Long live to your Toyota Corolla btw.
Love from Belgium
"Learning to trade & learning to profit are two different things"...very valuable idea. Thanks Humbled! Found your channel today & sub'd. Looking forward to getting educated on trading.
Always love you videos and they have helped me gain lot of knowledge than i had before.... hope to be seeing more amazing work from you😊✌🏻🌻
I love how you present information. They are so detailed and fun to watch.
Thanks for taking the time to make the video, always appreciate the experience that you provide
I started with $10k then lost it all as I misunderstood margin, I then saved up again managing to lose only $5k then next time although I lasted a few more days. I blew up again with a £3k account. Finally, I managed to become a breakeven trader with a $2k account which I built up to $3.5k using good risk management, I then added $2k to my account and started using more margin and blew it again - back in McDonalds' full time but won't give up. Moral of story doesn't matter how much you start with if you lose it all.
😂🥲🥺how much now
yesterday i went through all your videos to see if you tackled this question, it's like you're reading my mind!
Thank you for your dedication! You have just answered the question I have not been able to figure out!
Thank you for being so organized and thoughtful!
THANK YOU!! I've been watching videos on this topic for over 2 hours. You are the first one to speak truth and not glamorize it or complicate it for someone with no knowledge. I will not be taking this route. I will keep reading about it though. Thank you again.
Thank you for sharing your honest advice. As usual, very good videos
Girl to girl. You inspire me. Thanks for all your videos and I've learned soooooooo much from you.
I'd like to say that you just gave one of the most honest opinions about day trading. No BS, NO Lambo
And No Money left! Trade and hold long is the way to make profit for the future.
Andre Rodriguez Obviously you take profits and secure long term positions but try supporting yourself off your Roth IRA lmao
I absolutely love your videos. You have really opened my eyes to day trading and I appreciate it.
1:06 my heart melted literally , i paused the video gave it a like & plus on other 10 videos of yours. I did my part by tapping the like button to help you out with your youtube algorithm.
Super attractive. Is she single?
Stop trying to steal my girl
You’re the best, now please do the same for my videos! 🙏
simp
Simp alert.
I already broke the like button Shay. I miss your strategy videos w/ your explanation of trader's psychology. Would love a psychological explanation of bounce shorts/gap up shorts!
@@HumbledTraderOfficial hey may i ask?? if my account blew up is there gonna be an invoice came into my email to pay the negative amount?
@@AKDHFR do u have the answer to this question? I'm a newbie too. & wld like to know.
Love the info and your sense of humor!!!
love your real talks Humble Trader!
I love your channel I started 2 months ago and I’ve grown my account from 350 to 790
I can literally listen to her all day 😌
I love your enthusiasm keep up the good work!
I love the honesty, the videos are amazing. Thank you
13:37 length video and I couldn't see a comment related to it. You truly are next level.
Thanks!
I'm very happy I have run across your channel. In the small amount of time approximately 4 months I made all the same mistakes you have. However your videos have woke me up to the fact that I need to slow down luckily I have not lost anything but an I appreciate you and your funny jokes. Keep up the good work.
Thank you for making these videos.
Love that you put these graphs in I always analyze them lol
I almost had a stroke when she said 5,000 was a small account.
@@HumbledTraderOfficial IL be her sugar baby 5000 small amount pshh
Ikr? The hell...I started with $200 😳
@@AngelAscended I started with $190.. I’m up about $10! It’s good practice:P
@@AngelAscended so the trading hit wrking out?
@@lydiascott507 I'm up a little over $20 but I'm most excited that I'm up! And I'm so new at this. I'm also learning to trade Options. From what I understand, once you can read charts you can trade just about anything, so I'm going all in. There's a reason why the stock market has made billionaires. I want my portion lol.
My trading account to the moon
If you want to be successful have the mindset of the rich, spend less and invest More. Don't give up your dreams
If you want to be successful have the mindset of the rich, spend less and invest More. Don't give up your dreams
Because of the market fluctuating price, Investing in online trading now will be the wisest thing to do especially that it's very profitable.
Trading experts are not easy to find but I trade with Stephanie
I have been able to get 2 bitcoins in 4 months of investing with Stephanie A. William. Though I started with $15000.
Very good example and suggestion!
🤝 Thank you for taking the time to make all of these educational video reviews! Dedication and determination. 👍
Started with paper trading but quickly lost interest. Didn't feel captured with the paper trading after a while. But I wasn't ready to loose $$$ so I started buying one stock at a time. No risk but still captured me enough that I was refocused on the learning what was going on. I started buying more shares little by little as I felt more comfortable. awesome vids
Great tips, and for keeping it simple. Appreciate you reminding newbies not to focus on the money, but instead to focus on the number of winning trades. After trading options all day, watching your cheerful videos help to relieve stress. And, of course, for the bad jokes.
Very valuable ideas. thanks.
Thank you for this! 🥰
im very interested in this. I do wanna add though I love the Buzzlightyear in the background :)
You're hilarious and honest. Ive been trading for years, and you are one of the few people who actually know what they are talking about Love from Calgary! 🤓 💯
This video was so helpful and such great content! Thank you
Thank you, your videos are a great help for my learning.
I started with 500d.
Now 4d in my account
Thanks for sharing. I use $2,500 and day trade 3 time a week. Some times I swing trade over night to not get flagged with the PDT rule.
I’ve been listening to your videos for several days now and I’m very impressed with your tutelage thank you for taking the time to make these and share with us your knowledge and experience to help us shorten our learning curve
Definitely appreciate your realistic insight. Thank you.
After tons of research, I started trading and started netting right away without paper trading. Key word research.
point me to some of your most useful research, please?
@@jemrylie haha same old story.. crickets..
College tuition / Student Loan Debt (cough) Love it :D
I like the way you talk loud and clear. And all are your real experiences. Thanks and keep it up my friend. ^_^
newbie and just beginning and learning from you. guess what i watched most of your videos and i love the energy, and the way you deliver everything. You Waste no time, direct to the point that is very informative even it is just a side story or bad joke as you say.
I really appreciate all your tips 🙌🏾🙌🏾🙌🏾🙌🏾 You are so great at breaking things down. You are my fav trader 🙌🏾🙌🏾🙌🏾
I trade with 63000 compounding profits since 35000 ❤
I love your videos and your Buzz Lightyear as well! :D Keep up the quality videos!
Love your videos, thanks for the help
I traded away my Ferrari 458 in less than a month but with your video, I hope to get it back within a year
Great video! I have been trading and investing for a couple of years now, and it's always refreshing to hear the basic principles of being a successful trader.
Gotta stay fresh
Her advice is so good!
Great advice! Love your channel!
Hi, I just watched this video and EVERYTHING you said is so True!!! Your advice is priceless! I felt like you were talking directly to me because everything so far from trading for real after practicing has come true. I'm a little discouraged but do understand my mistakes. Yes, as you said screen time does help a lot. Can you recommend a good book to learn from? Thank you so much for keeping it honest :)
Your tips, suggestions, and warnings are greatly appreciated. I've opened an account with Webull and Ameritrade. I just started my paper trading lessons and I've been binge watching your videos. I've got a LONG way to go, but I'll get there.
How are you doing now?
@@KristinaSmiley Not well. Lol. Luckily it's just extra cash.
@@mathewdavis-adventuresandd6643 And now?
@@HelplessTuber Wow, surprised it's been 2 years. I still suck at it. LOL. I'll gain then I'll do something stupid. back and forth.
@@mathewdavis-adventuresandd6643 Haha unlucky! What stupid things are you doing to cause losses?
Thanks for the video!
Thank you very much for your suggestions 😊
You kill me with some snippet in every video! The story where your college sent the wrong certificate/diploma is hilarious!!
Woah, almost 300k subscribers. I was here since 50k lol.
thats awesome video maam really appreciated
I love the concept of starting with the 5k as tuition! Will definitely share for persons who ask about trading.
Thanks for the video. Although she never really taught how to trade. Thought that was the purpose of this video.
Hahaha.go watch a beginner video or get an expert
Wow. Glad you mentioned Expert Joan. I had my training classes also through her. And my investment portfolio has grown to $3000
Why would I waste time learning where I equally could invst with an Expert and sit back while my capital grow.
If its possible trading with an expert then I don't see the need learning how to trade tho.
Haha, wow, I really started under the line. I had about $5 left over after making some long term investments, so I started using it to trade penny stocks to learn. Been at it a little over month and I've almost doubled that $5 - I feel very silly but very accomplished. Great videos btw, very helpful!
If the knowledge/experience is transferrable to getting things right with higher share prices and larger amounts of money, feeling silly about it should make you feel silly about it: that’s a cheap lesson, compared to going gung ho with $50k and losing a bunch of money out of the gate.
Great channel, glad I found it!
Awesome video! Love your take on new traders! Subscription earned! 😄
I dont day trade, I came here for the jokes
😆
Now that right there is funny ........
@@HumbledTraderOfficial hahahaha
Actually they are pretty bad but I gotta say Shay make them even worse 🙈...Just kidding I laugh at them even when english is not my mother tongue so your humor is international, congrats!
Hahaha
Really enjoy your Vids. You have help me clarify allot of idea's . I started with 5k in 3/2020 and by watching you and by taking your advise I'm currently at 7,300k and over 9,800k value. Another thing I have learned is...patience . Thanks So Much and keep them coming. MKirk
Patience is absolutely needed.
Wow have you learned trading through courses or just by yourself?
The basics based on actual experience makes sense .So will be following!!
Am new to your youtube and and I sincerely thank you for all your huge effort to educate a newbe like me and all your youtube sharing !!! Million thanks!!!
Love the bad jokes! ;) Thank you for always sharing helpful trading videos! I'm a newbie day trader, would like to learn how to backtest my trading strategy but don't know how and where to start. Could you kindly make a video about backtesting a trade strategy? Thank you in advance!
You don't really need much to start trading. All you need is what you can afford to lose.
That's correct. I hope you don't mind me asking, do you think having a bot trade for you is the best?
I won't really say so, it's important to find a reputable bot that's free from coding error and keeps downtime to a minimum. But It's easier trading with a bot there you get to relax and watch the bot do the trading for you.
Using a bot doesn't make trading risk free you just have to expect different outcomes while using a bot.
Even if you get the bot, you still can't make proper use of it. Without risk management put in place, you might end up failing 100%.
@@lucabeal1998 That's correct. not everyone know how to use a bot properly.
Very interesting keep up the good work!
I’m absolutely enjoyed it. I am learning from every resources I can to be a best and successful trader. I really found it soooo interested to read the chart, patterns, candles, and make a strategy by myself… I’m far from this goal but I’ll get their if more like you will post relevant information. Thanks !
I lost everything on day trading except my virginity!
Lol
🤣🤣
@Peter Danngren it's just a joke bro... I am happy with my ETF portfolio.
+Just regularly invest 50% of your savings into MSCI World, NASDAQ100, Xetra gold.
You can be a millionaire in 10-20years with a regular income...
I don't have to waste my life in front of my computer screen .... ;)
+Put the other half of your savings into financing real estate.
+Check your contracts every 3 months for savings or bonus.
+Buy cars that don't or only little depreciate in value.
You are welcome... have a good life!
hahahahaha you have officially made my day
😂😂😂😂😂
I know my weakness is keeping my emotions out of trades. I've learned my best shot is to long hold 5 years +
🤣
You are great , very organized and confident and ofcurse a great speaker. I admire you.
Awesome personality and information. Subscribed
I just want you to know you make very entertaining vids. Just l like everyone else I'm stuck at home cause of the virus. So I stumbled across one of your vids and just let it play cause Im layin on the couch and got nothing better to do. As I kept watching I noticed you're pretty funny and then I kept more watching your videos. I had no interest at all about day trading and would never try it, but as I kept watching I got more and more curious and interested! Now I'm trying to learn as much as I can and even downloaded a paper trading app to try, and if all said and done I still like it I might even try for real! All from watching a funny girl with "bad jokes" talking about something I have no interest in. Nice work you are very inspiring!!
I really started paying attention to trading this year. I have doubled my money, mostly during this crisis. I have lost a lot of money a few times but I have recouped those losses. Now I have become quite conservative in my trading and I am happy to make small gains when I can. I learn something new on a daily basis.
Same here bro! theres probably going to be a name for us, i hear theres alot of covid traders
@@viihuman4416 Haha, that's what we are. Today was great again, job numbers from States and Canada drove my stocks through the roof!
You express yourself very well, and I enjoy learning with your video. And lambos coming..
Best video for beginner traders! Subscribed!!!
Great video! Thanks for sharing your experience with us! I started trading during the quarantine in April, and just jumped in without any experience. lost 200 out of the 500 that I started with in ten minutes, because I forgot to un-check the cash box at the TD site. Stayed in and the account is growing from 13% to 18% depending on the day. I am not a day trader or a long term trader, I guess somewhere in the middle... I thought I was doing bad until I saw your video, and for that I thank you, I am feeling better! Keep sharing your videos with us, we are learning from them out here! Thank you!!
What cash box? Beginner trader here. U didn't even make a trade but u lost money jus by starting an account??
Classic Shay ! That Wolf of Wall Street meme was savage ,..but true!😆😭 . Thank you for your realistic advice videos. You give excellent real world , experience driven knowledge in your videos.. Bless you for helping new traders while all the others rarely speak of this subject, because they just want to sell more dreams.. 🙏 You are an Angel .👏👏🇨🇦
Please making the part 2 of this video of the long strategies from trading the open and power house. I'm growing my tiny account now and there's a lot that i have to do with it after watching a lot of your videos that could help me clean up my port and get rid of all the bagholding effectively. I'm still not comfortable with short nor margin account yet. So long is my focus with penny , mid and large cap all together. I don't mind working hard in the right way rather than hardly work in the wrong way. Thank you so much for all of the knowledge you put it out here. Im a total fan
College was a big waste of my time. Luv your story. You are so fun to listen to with good advice. Thanks
Great, "honest" tips for beginning traders! Nice job with the video.
You are the great MOTIVATION for me mam... LOTS OF LOVE & RESPECT from INDIA 🇮🇳
🙏🏻😌🙏🏻
Ham har jagah pohoch jate hey bhai😂😂😂😂😂
I started “trading” (read “gambling”) in 2020. I made a ton of money and then gave most of it back. Since having a taste of that money in my account, I’ve known that this is where I’m meant to be. I don’t wanna answer to anyone for the rest of my life. Well, after watching, paper trading and learning stock behavior for most of 2022, I’m hitting the ground running this year. Being able to hit the mega cap bull runs has been a dream come true. Up 68% this year.
Very wise advice. Thx!
you have come this way so fast, Last time i sub you had 14k sub now soon 300k. Keep it up 😆😜😅👍
When I hear someone saying “use 4000” to learn it just verifies the fact that most of the successful traders already have some money aside.
I mean 4000$ in many countries is like 1 year salary.
Good info nevertheless 🤙
Same in Iran
Almost 4 years salary in my country lol
Thank you!