The Best Strategy for New Traders
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- เผยแพร่เมื่อ 1 มี.ค. 2020
- It is very normal for new traders to get overwhelmed by all the information available on the internet and in books. What actually is the best strategy to use when you are just getting started in the stock market and want to learn? I've been coaching traders since 2013 and through this time I've seen many of the most common mistakes pop up time and time again. Because of this and a newer area of the financial markets, I now recommend a strategy that truly makes the most sense for a new trader. This strategy will allow you to completely avoid the dreaded pattern day trader rule (PDT) and will allow you to risk only minimal amounts of money. Assuming you want to learn how to trade properly and not just "get rich quick", then let me show you a strategy that I would highly recommend you use when you are getting started and want to learn how to trade in a consistent and profitable way.
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Micro Futures.
That's an awesome idea.
I'm watching your tutorials for it tonight.
Thanks again, Clay.
Cheers Dan!
thanks for this info. Will follow all your vids.
And thank you for watching.
I’ve been trading equities for about 6 years. I started trading futures and I prefer it. There’s no big 10 thousand dollar wins but if your patience and consistence you can make good money.
Cheers to that Brian!
Can you explain why do you prefers trading futures over equities
Great video. THANK YOU MATE!
And thank you for watching.
Great 4 episode series. For a new trader who's trying to learn, this was such a helpful series to understand Futures.
Glad you enjoyed!
Course on futures was very valuable! Thanks!
My pleasure!
Thanks for the info. I just found out about PDT and was trying to figure out what to do to get around it. Thanks :)
Happy to help!
Thanks for calling me out, I was literally biting my nails when you said it.😂
:-)
Thank You Clay!
You're welcome!
@clay good video,have a question,how do u identify a bad habit?
Why won't you join my community? I keep pointing you to it and you just ignore me. Why?
Hey Clay, thanks for the video. I'm going to check out your futures class, but first I have a question. What apps would you recommend for this beginner strategy? I only just made my first ever couple of trades this week using Robinhood, and I wonder what you think about it. I don't think it's realistic to think I would ever go full time day trading, I'm just thinking of a secondary source of income at this point. I just don't want to be wasting my time with an app if it's ultimately not going to be suitable to my needs.
Thanks.
if you want to "talk stocks/trading in general", that's the entire idea behind my private community here claytrader.com/team which you are welcomed to join.
Webull is far superior to Robinhood. In like every single way imaginable.
Great video!!!
thanks for watching!
Finally someone addresses that pdt rule jesus!!!
Glad you enjoyed!
Nice and simple educational video great way explained.
Thanks for presenting and sharing your knowledge .
Dipak patel.
Thanks for watching
You give good tips for investing and trading
Thanks for watching.
Great, sending this to my son. Thanks
Wonderful!
👍👍👍👍 thanks clay
Any time!
Great video
Thanks for watching!
Micro Futures very interesting. Will look into
Hope you like it!
hey clay I really wanted to know how to invest money into the market and leave it over a year how do I do this thank you as I would like to start as the market has dropped
I offer this class courses.moneywithclay.com/p/grow-rich
I day trade with TOS using a cash account and trade one stock at a time. Doable now with zero trading fees. With a couple thousand in your cash account, there’s no PDT to contend with and enough money to trade every day. Just don’t overdo it. I watch a lot of videos and try to develop a new trading strategy.
Roger that
Everyone who is new or even more experienced people need to see videos like this.
Thanks
good content
Thanks for watching.
Hey Clay, first of all i want to thank you for the amount of information you give on your videos. Like learning new stuff as well as wachting you trade and what your strategy is. I'm now interested in daytrading and wanted to start with a demo account. Like you said, i want to start low ($500), so the micro futures is the choice for me. Then i chose a charts/broker. And since yesterday i started daytrading. I set some rules for myself, as in, max trades per day, max hours per day, daily profit max, stoploss, and so on. Now i want to do this for a period of time to see if im consistent. If i am, then i will start with real money. If i gained enough money (like 5 or 6 thousand), then i would go and join up to your classes. What do you think?
Watch this claytrader.com/videos/the-surgeons-dilemma/
@@claytrader After 1:30 min i stopped the video. Man do i feel stupid right now. Thx
@@pimschreurs4421 cheers
I'm from Venezuela. I have studied with demo accounts for about one year in forex. Now I want to open a real account but I just have like 200$. What broker would you recommend to trade micro futures?
I have a class on the topic here claytrader.com/video/futures-trading-101/
Hey Clay, ive been listening to your podcast and watching your videos, I plan on getting into your courses because I know what im doing currently is working in the short term but I would love some real training to help get me to where I want to be to make money.
Fantastic!
Clay, how do you know a stock is going to do what you want it to?
if you want to "talk stocks/trading in general", that's the entire idea behind my private community here claytrader.com/team which you are welcomed to join.
When did the pdt rule start?
Early 2000's (I believe)...
My only concern is if I take the course do I'm going to be a self-sufficient trader? Been watching your videos, you got my respect.
That's my core goal: to make you self sufficient.
Is there a broker that doesn’t require a minimum deposit to start trading futures?
Might be. Get out Google and do some digging
Yep, the more ive been learning about how to do this for real instead of just a smol hobby is that i need to get in much better habits of record keeping and tracking profits, especially when i dabble in crypto lol
Yup. Gotta treat it like a business.
If he says buy and hold.....
Alright boys were safe!!! I love trading the E-mini S&P
lol
Where is the strategy !!!!
Wff
Micro futures
The strategy is to develop good habits
why do I get the feeling you didn't even watch the video?
Is there PDT in Canada?
If you are trading USA stocks, then yes, there is.
ClayTrader i haven’t been limited/blocked nor even received any notice of that so far. Been doing some reading and I think it depends on whether the broker clears securities in US or not, not necessarily if it’s a us stock.
@@loriohearn9439 that's correct, but I don't recommend off shore brokers to people
What is your refund policy on your course ?
Explained here claytrader.com/terms-of-use/
Street Smart Edge charges no commissions, and there is no PDT rule - best for small cash accounts
That's not true. PDT rule is a government regulation.
@@claytrader Street Smart Edge is the trade software Charles Schwab uses. I have both, a cash account and an IRA account with them for over 10 years now. My cash account is pretty small, and it is the one I use for my daytrade. There is 0 commissions. I trade every single day ( no PDT rule ) The only thing they do is that they hold the amount of money I trade + my profits for two days. After that it settles and it becomes available again. Cash accounts like mine do not have to abide by the PDT rule with Schwab. Sorry to burst your bubble.
www.brokerage-review.com/online-trading/pdt/charles-schwab-pattern-day-trading.aspx
@@claytrader 👎🏻 yes, that is so true
Best investment would be trading lessons by Clay.
Thanks!
clay u cant mess with me. out 100 trade i only miss 1..... im the best
congrats!
As a beginner, is having a consistent, decent income from this viable? I know becoming ultra rich isnt reality
Yes, assuming your definition of "decent" doesn't imply owning a private island.
@@claytrader im the guy thats happy with 50 usd a day lmao
then yes, $50 a day is certainly within perspective/reality
@@claytrader a friend told me that, to go into futures I need a set amount of usd, a high amount. I thought that was for stocks only, can u provide some info on that? Does my country of residence matter?
What is the strategy?
Watch the video.
Careful. Micro futures do move a lot and can be highly leveraged. You can easily lose an account in seconds.
False.
No, True: took me 15 minutes last week being stupid trading the MNQ to blow up a small futures account. (trading WAY too large: which is VERY easy to do with the leverage they provide)@@claytrader
@@genefritts6915 "being stupid" - well, "being stupid" crossing the street can blow up your life too....
bad habit is watching stock trading videos. i have that.
lol
I'm good. I'll stay with funded day trading. Thanks Clay. I watched a guy the other day. Showing his trades and he was up 17 thousand. But did not stop trading. If I'm up 17 thousand in a day I'm done. Just saying. Yes I know 500 a day keeps the day job away. And live buy this saying. Now. For me its 750 a day. Just saying. Have you made a video on your opinion of this or maybe you can put in to one of your videos.
Thanks for the thought.
Starts at 1:00
False.
rttr has hurt me
Sorry to hear that.
@@claytrader a lesson learned! thanks for your videos.
@@svarthofthi and thank you for watching
This entire boring video can be summarized into : start small with real money, get good enough to win more than lose then up the ante.
I'll have to disagree. There is way more to it than that.