Step 1 For Beginner Day Traders (if you want to succeed...)
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- เผยแพร่เมื่อ 14 ม.ค. 2021
- If you are a beginner day trader, there is one step that I believe you need to first take before doing anything else if you want to succeed and make consistent money. The good news is this, step 1 that you need to do is extremely easy. It's quite literally just a few clicks of your mouse, but these "clicks" will be setting you up for success rather than feeling overwhelmed and frustrated. I've been working with day traders since 2013 and this is one of the most common mistakes I see struggling beginner traders make. I commend them as the mistake they're making comes from a place of ambition and striving for excellence; however, that's why the markets can be so difficult at times. The market loves to take ambitious people and use their ambition against them. If you follow this step that I show you in this video you will be directing your ambition and hard work in a positive and beneficial direction! And that's the goal! As beginner day traders we need to work hard, yes, but even more importantly, you need to work smarter!
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5min time frame has turned red days to green days.. Thanks Clay.. You Da Man!! Cheers
You bet!
Hey man I definitely appreciate the information!! Thanks for taking the time to make these videos
Glad you like them!
I've been combing through your videos the last few days. Very helpful stuff!
Glad you like them!
Glad I found this channel! Your videos are so good!
Thank you so much!
Great video Clay, thanks for the tip 😊.
No problem 👍
love your videos and advice!
Glad you like them!
Trading is a challenge for sure! However, I so love doing it and will focus on becoming a full time trader one day. Thank you for all your videos! just watching your day trading videos today. You've been doping this for a while. Who better to learn from. I really like how you talk about all this. I'm not new, just not consistent. I like to look out from daily and on scalps is the 1 minute. Thank you!
Totally agree!
Great advice! Thank you Clay 🤝
No problem 👍
Happy I ran into your page. Great video. I’m new to trying to understand and learn day trading. This helps a lot.
Do you offer training classes?
I do. here ya go: claytrader.com/takecontrol/
One of the best pieces of advice for a beginner like me, thank you... I definitely need more think.
Glad it was helpful!
Always good advice!
Thanks for watching!
Thank you for the knowledge God keep blessing you and you're family
Same to you!
I would have never thought of this! Thank you!
Cheers
Worth your time👍🏽👍🏽
Thanks!
I'm definitely gonna try this out thanks. Probably is one of my major issues. For instance I nearly went in on PLTR on Feb 18th near AH I would have gotten in @24.90 but I didn't pull the trigger because it was so slow on the 1m, but I just went back and checked the 5m and it seemed like it would have been a much easier choice. And I can definitely vouch for the answering all questions, thanks for letting me know you have a page for all the resources you use on your video a week ago!
You got this!
You’ve mentioned this tip before and yet I appreciate you bringing it up again as I ‘still’ tend to flip between 1m, 1hr and 1d as a beginner. I kinda need this kick in the pants. Thank you.
Happy to help!
Hay man first time checking you out. Thank you for sharing this insight I appreciate it.
Welcome!
Thx. You’re a good teacher.
I appreciate that!
hey thanks Clay, I use the 2 minute anf I can get a little overwhelmed mixed in in with the IV of a weekly option is a lot on the emotions. time!
Get on that 5min!
Hey Clay. Great video there. Have been watching your vids here and there, wondering if you were to create some contents of analyzing charts ?
All of that is here: claytrader.com/takecontrol/
Thanks for the insight Clay! I really like watching all of these videos about day trading. Do you ever do any other forms of trading like swing or position trading? If you do I'd love to hear your insights on those topics as well!
Thanks for suggestion! Those videos already all exist here claytrader.com/takecontrol
Thanks Clay.
Very welcome
Thank you !!!
You're welcome!
Thank you
You're welcome
Wow, excellent video as alwasy. Thank you
Glad you enjoyed it
Thanks Clay it helps a lot.
Glad to help
Hi Clay, Thanks again and please continue with these informative video's
Thanks, will do!
Guilty guilty guilty thank you so much clay. I as yet made the step to get into a training package but been watching ur videos since sept 2020 now I’m going to fall back to the 5min and practice many thanks iain
Cheers!
Thanks Clay, As a complete newbies I'll try paper trading using this method and see how I get on... getting through the course, it's great. I didn't realise how much content there actually is. Just finishing L2s. And so much more to go. Thanks again. 👍
Thanks for watching
Thank you 😊
You're welcome 😊
th;ank you Clay, great vid and the information was very useful to me as new day trader.
Glad it was helpful!
great video, keep them comin sir!
Thanks, will do!
Thanks to sharing your knowledge I put my first position on ftx two days ago! Thanks!
Nice work!
Great advice 👍
Thanks for watching!
Thanks Clay. Think this is the reason I am red on my account now. The 1 minute time frame is so volatile when trading intraday. Going to try the 5 timeframe improve my trading 🤞
You can do it!
good stuff
Thanks!
I was getting chopped up in the 1minute time frame. Thanks Clay
Glad it helped
Best Video ever that helping me
Glad to hear that!
Good job
Thanks
Thanks man! I saw you also have a charts channel too, which is just crazy, the amount of work you’re putting into TH-cam. It’s invaluable, the amount of people you’re getting knowledge, guidance and insight on trading to... APPRECIATE IT!! 🎉✌️😎🌤👍
Thanks Chris for the kind words!
More like this 👍
Roger that
Good deal, I just started as of 2 days ago. I used a trailing stop at 5% the stock I bet never went up.. Please explain in detail as you so patently and methodically do.. WE LOVE U
I'd encourage you to sign up for my (free) class I offer here claytrader.com/1-hour-trader-transformation/
great stuff
Thanks Jean
Great video with perfect timing for me. I suffered the 1 minute blues today. I joined CTU ON 1/7 and it has already helped. Today was the first losing day of the year (still up overall). I'm going to use the 5 minute chart next session.
Awesome Jim!
TL;DR; I am new to day trading and was grinding my gears at 1m timeframe feeling overwhelmed and failing, but this video showed me the different POV.
I bought your course and started paper trading in early November. I decided to focus on options because I am going start with a smaller cash account and I like liquid stocks more. I had some great trades and some brutal ones. But after first month of day trading, I was -$2.5K, because of lack of discipline and emotions getting in my way. I do analyze my trades every weekend, I import them into tradersync, and sometimes, having TIME to think, by just looking at some of them I can't understand what I was thinking at that time, because some of them are CLEARLY badly planned.
After such hideous month, I felt that I started to burn out, or as you phrased started to getting overwhelmed, so I decided to take a brake until the end of the holidays.
After the New Year I continued day trading with the same mentality, so here I am after 2 more weeks of trading and I am already deep in the red. At the time I am writing this comment I just finished trading with another -$400 (it's not like I did one losing trade, it's roughly a sum of $600 profit and $1000 loss) and this video was THE SIGN for me.
For a couple of weeks, I've been thinking of changing my timeframe, because I felt that I just lack time to think. I know that, because I am already trading stocks with real cash in my account but using daily timeframe and it is going relatively well, thanks to your course. But to change from 1m to 5m for me seemed discouraging, mainly because I am always up for a challenge and like to go hard, so my thought process was to just grind through.
However, thanks to this video now I really see it from the different angle and I see that I was arrogant and sometimes it is just good to just take a step back (which in this case isn't even a step back, just different timeframe, but for me it feels like it lol). Next week I am going to start trading 5m timeframe and work my way up from there.
Thanks for the video and you help, Clay.
Thanks for all the feedback
Hope to hit your seminar Thursday.
Please do!
I know this is an old video but I would really like to see more of these kind of videos.
Noted!
This video describes what I’m doing wrong exactly LOL thanks for the advice definitely switching my charts next time I do a trade
Glad it was helpful!
Clay, you are an effective teacher/instructor. How long have you been trading?
Since 2006ish
do you recommend any indicators to go with this time frame...perhaps a video with that plus a strategy you recommend.. thanks
if you're interested in "talking stocks/trading in general", you are more than welcomed to join my private community - claytrader.com/team/
exactly what i did when i got started, i still dont use the 1 min after several months, i do use the 2 minute but barely, i mostly use the 15min and 5min, but 5min is somewhat a sweet spot, obviously it depends on what you like. This is a video that i needed when i got started XD
Cheers
TH-cam must be watching me, I was looking at the five minute this morning and was thinking exactly what you said but I didn't do it when the market opened, guess what you are saying is confirmation now!!!🏹
Cheers
Hi Clay, I am a new subscriber and I mean this is just a mind opener for me. I am a beginner trader in Forex. I want to learn how to trade so that I can trade to pay my bills, get my husband home full time and help others to learn to trade. I definitely will be looking at more of your videos and am thinking seriously about networking with you and possibly joining your group. Your dedication and helping others will pay off for you more than you think. Keep making these great contents. I would like to know if you could do a video to explain what a new and beginner trader needs to do to actually start trading, i.e. setting up their daily goals, plans and how to enter a trade and exit a trade. Thank you again. I am glad I found your page.
Thanks for suggestion! Those videos already all exist here claytrader.com/takecontrol
What is the best way to learn what everything in a chart means and when to put in and pull out I’m new sort of understand some but I’m trying to learn so I can be better
I'd encourage you to sign up for my (free) class I offer here claytrader.com/1-hour-trader-transformation/
i cant wait til i can start
Cheers!
Thumbs up keep posting this Gold
Thanks
@@claytrader theres someone passing out a whatsapp number claiming to be you.Is it?
@@bakaniellece9688 that's a scam
@@claytrader i caught on...cheers
@@bakaniellece9688 please report it
Hi Clay, thanks for the content. As a beginner day trader what is reasonable size account to begin with. I have recently switched from simulated to live trading. My live trading account is less than $1000 & my win rate is about 50%. I have a habit of holding onto losing trades and sometimes I will have a winning trade that turns into a loser, because my share size is so small a winning trade is only a few bucks. I'm still trying to thread water and not blow my account, but sometimes I think is it just better to save for a larger account about $10K, and up my share size and each winning trade will be more meaningful.
Thanks for the thoughts and commenting Ian!
What’s the “best” method of trading that the 5 minute think applies to? I’m new but I could imagine having an edge on trying to short on the 1 min time frame as opposed to 5 min, because wouldn’t you miss your sell opportunities?
if you're interested in "talking stocks/trading in general", you are more than welcomed to join my private community - claytrader.com/team/
👍👍
Thanks Jeff!
🔥🔥🔥
Thanks!
A little off topic, but I like the look of your trading window. I can’t seem to find how you customized yours in this way. How do you nest quick trade + orders + positions like you did?
I'm not sure what you mean
@@claytrader when I try to setup my trading screen in Webull like yours, it acts like it’s not allowed. I can’t resize my quick trade widget for example. I highlight it, try to grab the outline, and nothing happens lol
Maybe this is an older version of Webull in the video. The setup looks great though
@@superantagonist perhaps you don't have newest version?
@@claytrader I’m running version 3.22.20
hmmmm... not sure then
Im a beginner in this area and someone on reddit suggested checking you out! I like your approach to teaching however on your channel its hard to make out which videos are suited for beginners vs advanced. I would love to view a playlist of content by you that explains day trading to beginners.
Hi Ray, my structured training is here: claytrader.com/takecontrol/trading-freedom-pathway-how-it-works/
@@claytrader is it for complete beginners, does it require an prerequisites like knowledge about the stock market or anything? im completely new to the financial world .
@@krisantarctica3400 great questions. It is 100% for COMPLETE beginners. It starts off assuming you know nothing and then goes from there.
I've been on a loosing strick for a while now... Yesterday that exactly what I did !! and ... guess what !
Finish green 289 $ on BB.
You are farr ahead the best coach/mentor/teacher, I know
keep up the good work !
Keep on fighting!
100% right you nead more time to see enithing cose im biginer
Indeed!
I’ve made over 200% my initial investment this week only trading the 5m, 30m, and 1hr timeframe. It’s much less stressful and gives you clarity of thought.
Great to hear!
Also want to pursue the stock market. I’m 20 years old I work in the chemical plant industries if you aren’t familiar with that I make pretty good money for my age. But I don’t really have the time to watch my phone while market is open I can do plenty of research before and after market hours but I am working while it is open any recommendations
I'd encourage you to sign up for my (free) class I offer here claytrader.com/1-hour-trader-transformation/
I have webull desktop can u show me how u got the layout like that. Thanks
This should help: claytrader.com/videos/best-online-stock-broker-for-beginners-in-2021-how-to-start/
I am brand new to this so more use of webull charts and what Im looking at and how to find the trades Id like to find.
if you're interested in "talking stocks/trading in general", you are more than welcomed to join my private community - claytrader.com/team/
I watch the 5 min and switch to 3 min to help find entries. Much better than the 1 minute 👍🏼
Thanks for sharing Dave!
I am currently a sophomore pre med student in college. I just discovered how stocks actually work and didn’t even realize day trading could be a career a few weeks ago. I’ve been doing a ton of research on the market and learning as much as I can. I am starting to dread my classes more and more and I’m considering switching my major to finance to learn more about the market. Realistically, do you think full time day trading could be a profitable and achievable goal?
Yes, anything is possible, but you don't need to "major in finance" to learn how to trade.
Idk if you made a video yet but im 17 and i really wanna get into stocks young so any good advice you can give me and like just the basics of what i should know and like all the kinda stocks i could choose from
Watch this: claytrader.com/videos/how-to-invest-money-as-a-teenager-step-by-step-advice/
IM a disabled vet living in govt housing, I have little to no money to lose so I need to do this correctly.
Good attitude. Too many people just rush into it all.
We bull link doesn’t work. If you go to sign up it wants to send you verification code before you input phone number or email. Not sure where it’s sending your verification code too
What do you mean it doesn't work?
Im only commenting bc I hope a new trader reads this and realizes that Clay is 100% correct. He mentioned this a few months ago and I haven't had a losing day since. Im not a day trader and have a small account so if your someone like me please do what he says. You will see a difference! Great vid Clay!
Thanks Austin!
Hey Clay, opened a Webull cash account with $100. No options, no shorts. Just trying to learn my way. I'm up 13%. I'm sure that I'll get humbled sooner or later, but so far my risk has only been a few bucks. I plan to grow it slow. I've been using the 1 min charts and it's intense. I'll check out the 5. Thanks for what you do!
Thanks for watching! You'll need a margin account if you want to short.
@@claytrader I'm taking this VERY slow. Learning a lot from you along the way. Thanks!
@@Atlas1971 cheers
👍🏾
Thanks!
1. The more time you have, the more money you will earn possibly. Because, you may not lose your confidence.
2. Use 5 minutes time frame rather than 1 minute. 1 Minute candles move so fast so It makes you think fast.
Thanks for the thoughts!
Just beginning to get into trading. I've been trying to understand stocks...etc. for a long time using investopedia with virtual currency off and on. I have definitely gained more understanding watching your videos and trying to emulate your strategies and software in a few days versus anything else so it is much appreciated.
Good stuff!
👍
Thanks!
But if I’m not using the 1m time frame how can do the right decision right on time ?
I'm not sure what you mean. Are you already consistently profitable using the 1min? If so, just keep using it.
As a beginner this one of the things I struggle with. How to set up my chart. Timeframe, indicators, etc...
These are the types of things I talk about with premium members, and if you're interested in "talking stocks/trading in general", you are more than welcome to join my private community - claytrader.com/team/
@@claytrader Thank you. Can you tell me what sets your private community apart from the others?
@@LoriM-fc5gn not really, cause I don't know what others offer.
@@claytrader I understand thank you.
@@LoriM-fc5gn you're welcome.
We forget to tell you that we have the webull platform as well. Can you explain how to use the bells and whisles - Stops and Bids Ask Sells -- just the breakdown.. Duh!! nobody does it like the CT Express.. Thanks
Thanks for the suggestion. I'll see what I can do.
@@claytrader Thanks for taking the time to respond.. Unlike a lot of think they know it all full proof give them a thumbs narcissist..
@@lightningkarma1131 cheers
💪
Thanks!
What is the disadvantage of using the 5 minute timeframe. It’s obviously worse than 1 or 2 min, because you don’t use it, but why?
Who says I don't use it?
@@claytrader you say it’s good to start with the 5 minute before you move on to the 1 minute, so it seems like there is some downside to using the 5 minute - just curious about the pros and cons of 5 min vs 1 min. For example, maybe the profits when using 5 minute are on average smaller, but you are less likely to have big losses or something?
@@benjaminfoord2447 if you're interested in "talking stocks/trading in general", you are more than welcomed to join my private community - claytrader.com/team/
This is why ppl talk shit about trading clay. They don’t take TIME to learn thing like TIMEframes and the importance of them! I like 3 and 5 but I tend to stick to 5 well because like you said it give me TIME to make sure my set ups are there which in return reduces my chance of being! VWAP is a beautiful thing
Gotta agree about why people are ignorant and talk trash..... sad
Do I need any license to do trades like you do?
No
is it possible to invest in US stock market while i live in greece
Yes. Just need the right broker. Consider: claytrader.com/videos/trading-from-outside-the-usa-how-to-for-non-us-residents/
👍🏻👍🏻👍🏻👍🏻
Thanks!
I’m 16 can I still trade or do I need to be 18 to trade and would it be okay to trade on M1 finance if I’m not 18
Or invest
Watch this: claytrader.com/videos/how-to-invest-money-as-a-teenager-step-by-step-advice/
Is it true that just because you make profit doesn’t mean it’s good profit?
Yup...
how do i get started?
I'd encourage you to sign up for my (free) class I offer here claytrader.com/1-hour-trader-transformation/
I m interested to start trade business but I don’t how I will do it
My learning program is here: claytrader.com/takecontrol/trading-freedom-pathway-how-it-works/
Best app to use?
I recommend; claytrader.com/videos/the-stock-trading-platform-for-traders-on-a-budget-best-app/
I want to make a presentation on buying and selling stocks can you give me a link?
I'm not sure what you mean.
I want 2 make a career of day and swing trade n but afraid..
I'd encourage you to sign up for my (free) class I offer here claytrader.com/1-hour-trader-transformation/
Omg! Well, i feel like somehow 5m was more accurate than 1m, yet idk why, each time i open my mt5, i just feel stuck in 1m, cant trade other but that xD seems like i need to change this habit n need to get used with 5m
Yup, get used to that 5m
First one here
2nd lol
@@BLITZftw 3rd
Great the first 3 lames to come to the video, sad part is someone seeing this video a month from now will get more benifit from it and learn something
@@Street464 What lol 😅
@@BLITZftw exactly my point
I can watch and read and I still don’t get it. I wanna learn so bad.
You don't get what?
1 min is for binary
binary is for suckers
I appreciate your help but i feel like you went in circles about the 1-5 minute thing for 10 minutes
Thanks for the feedback