This was great, thanks, I have been researching "rolling stock trading" for a while now, and I think this has helped. You ever tried - Panincoln Swinger Blueprint - (search on google ) ? Ive heard some decent things about it and my work buddy got amazing success with it.
This probably one of the best videos I've on traing that's not selling their services and actually is informative! Thank you for being honest, hard to find!
Same dude. 90% of financial youtube channels have 1 single friggin point to make in the video that they stretch out for 20 minutes for the ad revenue. Drives me nuts
After searching for an easy explanation about trading....this is the best video tutorial so far on TH-cam Thank you very much Very professional!!! Thumbs up
This video has great advice! I took a two week course on trading and forex a year ago. Since then I've just been reading trading books, blogs, and getting tons and tons of screen time. Watching all the moving parts and letting my brain gradually join the dots. I have also turned $200 into $1000 twice in swing trades. Also, 25% gains on intraday trades. Slow and steady, folks.
I actually do believe around here that knowledge is one of the best gifts of life. I could boldly say that Sqb-amac is the best trading system our here and Yuril Zubong is the best mentor and teacher I've ever met. I started small heading towards consistency and much more accuracy. I can call ten trades and have a winning ratio of 90%. That's perfect. I'm still in the process but I could boldly say I'm good. Lol😊.. This is what's good. Sqb-amac course is the best I've seen.
@@aHunnedBandz You can reach anytime at www.thetraderisk.com/contact but just keep in mind, we can't tell you if any single individual buy/sell decisions is right for you. But for general strategy or process questions, happy to try and help.
What a great video , I’m totally new to stocks and trading and it’s something I’ve always been interested in and this video just made it easy to follow than some of the jargon filled videos that new traders don’t have the knowledge on.
Evan thank you so much. I am lucky to ran into your TH-cam Channel and planning to sign up for your newsletter and study your videos. Thank you for your generous offer to answer my question. Hope to connect with you in the near future.
Absolutely. First year is all about being a sponge...learn. No money making in first year just absorb the info. I just started learning dec 2017. Hope to start experimenting in the market dec 2018.
Excellent information. I'm new to this game and have to admit your video is straightforward and to the point.👍 I like the way you don't spit out the information a thousand words a minute. I've seen hundreds of videos at this point so I have a little bit of visual criteria.
It's been a long time since I've explored Thinkorswim so I couldn't comment on the specifics, but you're right there is probably a large overlap in offerings. The scanner is what makes TC2000 most powerful, the ability to write your indicators, and the flexibility in their PCF formulas, but to the extent that you can write those from scratch in TOS there may not be any added benefits.
Nice analogy, straight to the big leagues and you play big, you're going to get hit big. Star slow, is likely the best advice I heard given, not hating on the rest you are bring excellent knowledge to new traders bro.
@@TradeRisk not a problem. I don't like to think of others doing like I've done, made a shit ton on hype stocks and sold at the peak. Lost most of that back. Lol, not a good way to learn at all.
Rough to start with such a humbling experience, but on the bright side, it's good to "get that over with early" rather than later. Good luck on the trading journey!
Hi guys, how much previous data ( historical data on chart ) does one look at to base a decision on a trade? Can this be months or years? For swing and Position trading? Thanks!
Hey Ryan, good question. The short broad answer would be, the more data the better. I'll always prefer to see years of historical data over just a couple of months. The specific lookback, however, depends entirely on an individual's system. Some traders might be able to execute only looking at the prior 30 days of price action. Others might require a year, so it really depends on the system and what the buy and sell rules are. For me personally, I like to see a long term 1.5 year+ uptrend in place, and then I'll use shorter term daily charts to execute and get me into that trend. But that is just me. Hope this helps!
This was great, I have been researching "swing trading patterns and strategies" for a while now, and I think this has helped. Have you heard people talk about - Panincoln Swinger Blueprint - (just google it ) ? Ive heard some awesome things about it and my mate got cool results with it.
I always get confused by this. $500 account=$5 risk per trade. Does this mean i.e., one share of a $5 stock or several (2, 5, 10) shares of a stock that is no higher than $5? Two shares of a $2.50 stock? Five $1 stocks?
22:40 sticking to stock with good fundamentals and solid dividends (like a Reit) that cant or wont be cut as safety net is my way of dealing with risk...maybe you have to stay in a stock for a couple months if you make a mistake...this will cover your ass.
Sorry, don't have a ton of knowledge on brokers outside the US. My go-to is usually Interactive Brokers, competitive commissions, decent support, and available in Canada but I'm sure there are alternatives for ya.
If you're asking about responsible risk management principles, the general rule is you want to be risking 1% or less of your account per trade. You could put your entire $500 into 1 stock and buy 100 shares, but in that scenario you'd need to exit if it fell 1% (5 cents) against you.
Awesome Video Sir, worth the time spent, so much valuable information shared in this one video, great advise for beginners especially! Thanks for sharing..
It is very do-able to make several hundred dollars a day trading. In addition to swing trading and buy and hold. Then there's Forex, Options, Futures.....the journey never ends! :)
Surprised you didn't mention paper trading! Any new trader should paper trade until they achieve at least 65% correct picks CONSISTENTLY, for at least two months straight before ever risking real money. The emotions involved in trading (and probably losing) real money is way too much for a new trader and will most likely overshadow any real learning. Paper trading allows a newbie to relax and learn strategies without the emotions. TC2000 and Tradingview both allow paper trading, and with Tradingview (not sure about TC2000) you can limit the dollar amount of your paper account so you can mimic what your real trading will become when you finally trade for real cash. By the way, at the time of my post, MOST of the Trading services: ETrade, Scottrade, etc are now "free."
Thank you! Glad it was helpful. I teach the swing strategy that I trade every day to subscribers of my premium membership. Link is here: www.thetraderisk.com/swing-trade-alerts and I'm in the process of updating the "course" material now. Should be released in the next couple of weeks. Also have lots more free education at: www.thetraderisk.com/learning-center
Great vid.. What is your thoughts on buying a swing position accidentally at the peak due to impatience and assuming the breakout of an ascending pattern? I am currently stuck on a trade CHK but based on my TA on the 4hr and Day chart, everything is bullish, however indicators such as the RSI and MACD are looking bearish. So with this in mind, i decided that I am going to ride this until it goes back up. I used the ATR x 2 Stop loss strategy on the day chart which brings my stop at near 10% and below the swing low on the day chart as well. I have the proper position size and am willing to risk a max of 5% of my capital. So im giving it major room to move, but because of the indicators and seeing it go further below my position, im starting to scratch my head.. What would be the best solution for this?? i want to stick to my plan and not sell since TA based on support, resistance and trend and still showing an uptrend. Look forward to maybe some quick advice.
The short advice I generally give in situations like this is to forget about where price is right now and ask yourself at the time of entering into this trade, where was your planned exit point in the event this trade didn't go in your favor? Is it still above that point right now? Then stick with it (aka whatever your original plan said, don't suddenly question it now). On the other hand, I can't tell by the way you started off the comment describing the purchase as an "accidental entry at the peak due to impatience". If that means this was a trade that you don't normally take, or isn't part of your trading plan, then you should probably just exit right now and forget "hoping it might come back". I hope that helps.
Hey man thanks for the reply.. i normally trade the break outs instead of pull backs for my swings, i guess the problem was, that i did not wait for the opening candle to close, as it started out green then ended up on the red and yes, it has already went below my exit plan in the beginning. I ended up making a whole new plan on the day chart giving me more room for the stop as it is clearly on an up trend on the bigger time frame.
Ah gotchya, that makes sense. Yeah I'm with you, I always like to wait for those candle closes. Well all the best to you, sounds like you've got a new plan and risk management in place.
What would be the point in making. $50-$100 a year. For that matter even $500-1000 a year is nothing. Think about how many hours a year you put into trading and you'll get the point.
It's a good point, the expectations for starting out returns should be quite low (negative for your first year(s) is even reasonable). But the goal is to develop a process (strategy) that can return, say double-digit percentages per year, at which point your dollar per year returns will grow proportionally with more capital. If one can achieve this, then the initial time invested in learning to trade is well worth it.
7 ปีที่แล้ว
The Trade Risk If robinhood is free, ever stopped and wondered how they make money? ever compared their bid-ask spread or the prices of stocks with normal discount brokers? do they even show you the bid-ask spread? I'll bet their prices will be higher. Don't trust anything thats claimed to be free.
One of the ways that Robinhood "makes" money is by earning interest on the money that you have in your account that is not being traded. It's been a great platform so far! But you're free to pay the broker of your choice, of course.
Hey Alex, I'm not sure about their other products, but for stocks, it is a half penny per share with a minimum transaction cost of $1. Trading 1,000 shares would get you up to $5, but that is not the minimum. I've been a customer for years and can verify this. Just double checked that nothing changed on their fees page and it confirms this as well: www.interactivebrokers.com/en/index.php?f=1590&p=stocks1
Yes we absolutely agree! Starting slow and progressing slow is exactly what we talk about and recommend in this video. However penny stocks are not a route we think most traders should go down, especially beginners. The price per share makes them attractive but there is a reason why those companies are trading so low.
Of course, it is. Anyone could work minimum wage for 1 day and earn that same amount. The point is that you need to think in terms of percentages and keep things relative. If you start off learning how to trade with a $500 account and can do it successfully (ie earn $50-$100 over the course of a year) you can easily scale that as you accumulate more wealth to invest. Suddenly that same return of 10% - 20%, compounded year on year, starts to look pretty meaningful on a 50K account, 100K account, etc.
Well yes and no. You learn or from 10 small gains than one big gain. Especially when learning. Because there is so much competition against you , you are better off getting small gains
100% if you can get 100% a year over many years you would be richer than Warren Buffet before you turn 90 years old.. He averages 22% at best.. u must be smoking some good shiit..
Bottomine you need capital and balls to be a swing trader. If you can't cut being down on a trade then swing trading us not for you. I can be 5k plus down on a trade I don't care because my target will be a 10k gain. Half the time I rarely look at a position. I'll know when my target hits with my alerts. Actually swing trading is much more profitable and less stressful than trying to scalp. Do not try trading with a 1000 or less. You'll just give it away. Because obviously you don't have the experience. This is why there are so many brokers today. It's taking candy from babies
@@loafandjug321 clown? If you want to trade a 1k account great but you won't make enough money to sustain your life. It's all about position size and risk and management. A 1k account if you are trading portions of micro lots and are just slowly growing the account with patients, it can be done. When you get to a point and you have serious money in the account the game changes. Another topic
Boom! Superb... you didn't even take a breath! succinct, to the point, explanatory, just what i was looking for. Well done sir
This was great, thanks, I have been researching "rolling stock trading" for a while now, and I think this has helped. You ever tried - Panincoln Swinger Blueprint - (search on google ) ? Ive heard some decent things about it and my work buddy got amazing success with it.
This probably one of the best videos I've on traing that's not selling their services and actually is informative! Thank you for being honest, hard to find!
Thank you Kajal appreciate the comment, glad it was helpful.
Hi
Perfect tutorial. I get annoyed when people aren't organized and dance around their points. You prepared and executed this well.
Thank you Heather!
Same dude. 90% of financial youtube channels have 1 single friggin point to make in the video that they stretch out for 20 minutes for the ad revenue. Drives me nuts
4 years later and your video still is helpful. Thank you!
Thanks! Yeah it's getting old, but I'm glad to hear that.
This is literally one of the only grown up discussions on swing trading that I've come across. Thank you for this great and thorough presentation.
Thanks Manny! No frills, but hopefully informative. Glad you enjoyed!
After searching for an easy explanation about trading....this is the best video tutorial so far on TH-cam
Thank you very much
Very professional!!! Thumbs up
Thank you Daniel! Really appreciate the comment, glad this helped.
This video has great advice! I took a two week course on trading and forex a year ago. Since then I've just been reading trading books, blogs, and getting tons and tons of screen time. Watching all the moving parts and letting my brain gradually join the dots. I have also turned $200 into $1000 twice in swing trades. Also, 25% gains on intraday trades. Slow and steady, folks.
I actually do believe around here that knowledge is one of the best gifts of life. I could boldly say that Sqb-amac is the best trading system our here and Yuril Zubong is the best mentor and teacher I've ever met.
I started small heading towards consistency and much more accuracy. I can call ten trades and have a winning ratio of 90%. That's perfect. I'm still in the process but I could boldly say I'm good. Lol😊.. This is what's good.
Sqb-amac course is the best I've seen.
No BS, organized and to the point. Thank you.
Hands down the best tutorial on the intros to swing trading. Cannot WAIT to utilize the tools you recommend!
Thank you Bailey! And for what it's worth, the blog post of this video has been updated with even more examples, links, and content.
Thanks a million! Probably one of the best video I have seen.
Great to hear it, thanks Shivayogi!
Thanks. It’s very good topic. !! I’ll will ask some questions near future !!
Grate video. Thank you. Regards
You’re my new mentor from a distance. Well done video. I will be following your judgement till I spread my wings.
You are very welcome, glad the video was helpful. Spread those wings!
@@TradeRisk Is there anywhere we can reach you if we have any questions about trade ideas?
@@aHunnedBandz You can reach anytime at www.thetraderisk.com/contact but just keep in mind, we can't tell you if any single individual buy/sell decisions is right for you. But for general strategy or process questions, happy to try and help.
Excellent! It’s straight to the point and so helpful. This is good work, thank you!
Like your relaxed way of teaching and quite thorough.
Thanks Abel!
Well explained, thank you so much, I haven’t seen anything like this that explains all steps in one shot
Great work
Thanks Majid!
thanks for this vedio....
Excellent Educational Video, Thanks
Glad it was helpful!
Great video for me as a beginner, Thanks
Great info, especially for beginners. Very easy to follow. Much appreciated!
Troy Stancil Thanks Troy glad you enjoyed!
What a great video , I’m totally new to stocks and trading and it’s something I’ve always been interested in and this video just made it easy to follow than some of the jargon filled videos that new traders don’t have the knowledge on.
So glad to hear it! Thanks for the comment and good luck on the trading journey
Great content!😁
Glad you enjoyed!
Thanks Evan for all this Information. I just started looking into Swing trading and this was a good start and great advise.
Thanks Robert, glad this was helpful. Reach out if you need some help along the way.
Evan thank you so much. I am lucky to ran into your TH-cam Channel and planning to sign up for your newsletter and study your videos. Thank you for your generous offer to answer my question. Hope to connect with you in the near future.
Right on, sounds good and thanks!
Good video. I like your relaxed style
Thanks David
Excellent tutorial thank you very much! Loved your explanation of what a chart represents
This is clean. Thank You.
Absolutely. First year is all about being a sponge...learn. No money making in first year just absorb the info. I just started learning dec 2017. Hope to start experimenting in the market dec 2018.
Love the mindset, all the best getting started.
dj 97 we started this journey at the same exact time good luck to you 👍🏽
Im a week into this World and I get your method. Its a complex system
Excellent information and well put together 💪💪💪
Thanks Lewis!
This is such a great introduction! Thank you! Huge learning curve but this was very helpful. :)
Thanks Brenda! Glad to hear it.
Excellent information. I'm new to this game and have to admit your video is straightforward and to the point.👍 I like the way you don't spit out the information a thousand words a minute. I've seen hundreds of videos at this point so I have a little bit of visual criteria.
Awesome, thank you and good luck getting started!
This video helpful for me. Thankyou.
Thanks for the comment, glad to hear it.
How does tc2000 compare to thinkorswim? Why pay for tc2000 when think or swim is free?
It's been a long time since I've explored Thinkorswim so I couldn't comment on the specifics, but you're right there is probably a large overlap in offerings. The scanner is what makes TC2000 most powerful, the ability to write your indicators, and the flexibility in their PCF formulas, but to the extent that you can write those from scratch in TOS there may not be any added benefits.
Best tutorial after watching a week of tutorials.
Thanks Dennis! Glad to hear it.
Nice analogy, straight to the big leagues and you play big, you're going to get hit big. Star slow, is likely the best advice I heard given, not hating on the rest you are bring excellent knowledge to new traders bro.
Thanks a lot Jacob!
@@TradeRisk not a problem. I don't like to think of others doing like I've done, made a shit ton on hype stocks and sold at the peak. Lost most of that back. Lol, not a good way to learn at all.
Rough to start with such a humbling experience, but on the bright side, it's good to "get that over with early" rather than later. Good luck on the trading journey!
@@TradeRisk gotta pay for your schooling, right?
Great presentation. Thank you!
Thanks a lot for some great jnfo sir
Yey! at last, I learned a lot today. Thank you for the video Sir.
Very well done, thanks...
Great Tutorial
What can you buy with 5 buck's....what lot size is that..please and great video...
New sub. Very good presentation!
Thanks, Tomas!
Hi guys, how much previous data ( historical data on chart ) does one look at to base a decision on a trade? Can this be months or years? For swing and Position trading? Thanks!
Hey Ryan, good question. The short broad answer would be, the more data the better. I'll always prefer to see years of historical data over just a couple of months.
The specific lookback, however, depends entirely on an individual's system. Some traders might be able to execute only looking at the prior 30 days of price action. Others might require a year, so it really depends on the system and what the buy and sell rules are.
For me personally, I like to see a long term 1.5 year+ uptrend in place, and then I'll use shorter term daily charts to execute and get me into that trend. But that is just me. Hope this helps!
This was great, I have been researching "swing trading patterns and strategies" for a while now, and I think this has helped. Have you heard people talk about - Panincoln Swinger Blueprint - (just google it ) ? Ive heard some awesome things about it and my mate got cool results with it.
Most helpful and informative video I have found. New sub. Will be coming back for more
Glad to hear it, thanks Sherry!
Very informative
Glad it was helpful!
great video
I always get confused by this. $500 account=$5 risk per trade. Does this mean i.e., one share of a $5 stock or several (2, 5, 10) shares of a stock that is no higher than $5? Two shares of a $2.50 stock? Five $1 stocks?
Great..
so you mean you dont just throw 6k in and watch it drop 12% in a few days.....
Great job!
22:40 sticking to stock with good fundamentals and solid dividends (like a Reit) that cant or wont be cut as safety net is my way of dealing with risk...maybe you have to stay in a stock for a couple months if you make a mistake...this will cover your ass.
Anyone have any stocks that are good for trading?
hi i'm from canada i just wondering which broker is god for trading in canada
Sorry, don't have a ton of knowledge on brokers outside the US. My go-to is usually Interactive Brokers, competitive commissions, decent support, and available in Canada but I'm sure there are alternatives for ya.
srinivasarao komara questrade. 4.95USD per transaction
So at $500, I can buy 1 share of a $5 stock?
If you're asking about responsible risk management principles, the general rule is you want to be risking 1% or less of your account per trade. You could put your entire $500 into 1 stock and buy 100 shares, but in that scenario you'd need to exit if it fell 1% (5 cents) against you.
Awesome Video Sir, worth the time spent, so much valuable information shared in this one video, great advise for beginners especially! Thanks for sharing..
It is very do-able to make several hundred dollars a day trading. In addition to swing trading and buy and hold. Then there's Forex, Options, Futures.....the journey never ends! :)
no one who actually knows anything about the market would say anything like that.
This great. Actually it is better than a paid course.
That's what we like to hear - glad it helped!
Surprised you didn't mention paper trading! Any new trader should paper trade until they achieve at least 65% correct picks CONSISTENTLY, for at least two months straight before ever risking real money. The emotions involved in trading (and probably losing) real money is way too much for a new trader and will most likely overshadow any real learning. Paper trading allows a newbie to relax and learn strategies without the emotions. TC2000 and Tradingview both allow paper trading, and with Tradingview (not sure about TC2000) you can limit the dollar amount of your paper account so you can mimic what your real trading will become when you finally trade for real cash. By the way, at the time of my post, MOST of the Trading services: ETrade, Scottrade, etc are now "free."
Evan, thank you for your wisdom. Even I understood everything thing you said and I can digest it. Great teacher! Do you offer any courses?
Thank you! Glad it was helpful. I teach the swing strategy that I trade every day to subscribers of my premium membership. Link is here: www.thetraderisk.com/swing-trade-alerts and I'm in the process of updating the "course" material now. Should be released in the next couple of weeks. Also have lots more free education at: www.thetraderisk.com/learning-center
Great vid.. What is your thoughts on buying a swing position accidentally at the peak due to impatience and assuming the breakout of an ascending pattern? I am currently stuck on a trade CHK but based on my TA on the 4hr and Day chart, everything is bullish, however indicators such as the RSI and MACD are looking bearish. So with this in mind, i decided that I am going to ride this until it goes back up. I used the ATR x 2 Stop loss strategy on the day chart which brings my stop at near 10% and below the swing low on the day chart as well. I have the proper position size and am willing to risk a max of 5% of my capital. So im giving it major room to move, but because of the indicators and seeing it go further below my position, im starting to scratch my head.. What would be the best solution for this?? i want to stick to my plan and not sell since TA based on support, resistance and trend and still showing an uptrend. Look forward to maybe some quick advice.
The short advice I generally give in situations like this is to forget about where price is right now and ask yourself at the time of entering into this trade, where was your planned exit point in the event this trade didn't go in your favor? Is it still above that point right now? Then stick with it (aka whatever your original plan said, don't suddenly question it now).
On the other hand, I can't tell by the way you started off the comment describing the purchase as an "accidental entry at the peak due to impatience". If that means this was a trade that you don't normally take, or isn't part of your trading plan, then you should probably just exit right now and forget "hoping it might come back".
I hope that helps.
Hey man thanks for the reply.. i normally trade the break outs instead of pull backs for my swings, i guess the problem was, that i did not wait for the opening candle to close, as it started out green then ended up on the red and yes, it has already went below my exit plan in the beginning. I ended up making a whole new plan on the day chart giving me more room for the stop as it is clearly on an up trend on the bigger time frame.
Ah gotchya, that makes sense. Yeah I'm with you, I always like to wait for those candle closes. Well all the best to you, sounds like you've got a new plan and risk management in place.
What would be the point in making. $50-$100 a year. For that matter even $500-1000 a year is nothing. Think about how many hours a year you put into trading and you'll get the point.
It's a good point, the expectations for starting out returns should be quite low (negative for your first year(s) is even reasonable). But the goal is to develop a process (strategy) that can return, say double-digit percentages per year, at which point your dollar per year returns will grow proportionally with more capital. If one can achieve this, then the initial time invested in learning to trade is well worth it.
The Trade Risk If robinhood is free, ever stopped and wondered how they make money? ever compared their bid-ask spread or the prices of stocks with normal discount brokers? do they even show you the bid-ask spread? I'll bet their prices will be higher. Don't trust anything thats claimed to be free.
One of the ways that Robinhood "makes" money is by earning interest on the money that you have in your account that is not being traded. It's been a great platform so far! But you're free to pay the broker of your choice, of course.
there's a minimum fee of $4.95 per trade with IB
Hey Alex, I'm not sure about their other products, but for stocks, it is a half penny per share with a minimum transaction cost of $1. Trading 1,000 shares would get you up to $5, but that is not the minimum. I've been a customer for years and can verify this. Just double checked that nothing changed on their fees page and it confirms this as well: www.interactivebrokers.com/en/index.php?f=1590&p=stocks1
Alex Drastico ug
Any alternative for non-american citizens instead of Robin Hood
Unfortunately I'm not sure off the top of my head but hopefully someone else browsing the comments can respond and help you out with a suggestion.
For a lot of us biggers we must start of slow and with penny stocks. Why not give us news and ideas about penny stocks
Yes we absolutely agree! Starting slow and progressing slow is exactly what we talk about and recommend in this video. However penny stocks are not a route we think most traders should go down, especially beginners. The price per share makes them attractive but there is a reason why those companies are trading so low.
Do u teach?
Just what you see here/this channel
On a $500 account you said $50-$100 a year is great. That’s a waste of time to me.
Of course, it is. Anyone could work minimum wage for 1 day and earn that same amount.
The point is that you need to think in terms of percentages and keep things relative. If you start off learning how to trade with a $500 account and can do it successfully (ie earn $50-$100 over the course of a year) you can easily scale that as you accumulate more wealth to invest. Suddenly that same return of 10% - 20%, compounded year on year, starts to look pretty meaningful on a 50K account, 100K account, etc.
I recently signed up with robinhood to get started. So you can set up stop losses on robinhood? I haven't made any trades on there yet.
Well yes and no. You learn or from 10 small gains than one big gain. Especially when learning. Because there is so much competition against you , you are better off getting small gains
20% a year is waist of time. Many stocks give you 100% or more a year passive income. Swing trade made right, make you lot more though.
100% if you can get 100% a year over many years you would be richer than Warren Buffet before you turn 90 years old.. He averages 22% at best.. u must be smoking some good shiit..
Except for the 90% of traders who lose money and eventually give up.
Correct, active trading is not for everyone (not for most). Just like starting a business, there is a high failure rate.
tastyworks.com best brokers
Bottomine you need capital and balls to be a swing trader. If you can't cut being down on a trade then swing trading us not for you. I can be 5k plus down on a trade I don't care because my target will be a 10k gain. Half the time I rarely look at a position. I'll know when my target hits with my alerts. Actually swing trading is much more profitable and less stressful than trying to scalp. Do not try trading with a 1000 or less. You'll just give it away. Because obviously you don't have the experience. This is why there are so many brokers today. It's taking candy from babies
@@loafandjug321 clown? If you want to trade a 1k account great but you won't make enough money to sustain your life. It's all about position size and risk and management. A 1k account if you are trading portions of micro lots and are just slowly growing the account with patients, it can be done. When you get to a point and you have serious money in the account the game changes. Another topic