Consistently Profitable Day Trader Tips & Tricks ft.
ฝัง
- เผยแพร่เมื่อ 5 มิ.ย. 2024
- In this trader interview, Etienne sits down with full-time day trader Austin Silver from @AustinSilverFX. They discuss some of the best tips & tricks to become consistently profitable in day trading in the Forex market and beyond! You'll learn a ton and find out how Austin manages trading on only 2hrs a day.
📈 FREE Case Study "Quitting Your Job To Finally Trade Full-Time": desiretotrade.co/case-study
Chapters:
0:00 "Diamonds form under pressure"
0:21 Introduction
0:40 Austin's trading journey
3:31 Why Austin created his own trading strategy
5:44 Next steps after creating your strategy
7:40 When Mindset is the problem and not Strategy
10:28 How to get out of the failure cycles
15:13 How Austin journals for success
18:04 How to filter your trading instruments
19:53 How a trading day looks like for Austin
24:13 How a small R:R can make you successful
28:57 Why Austin decided to become a funded trader
33:39 How to handle the risk with a prop firm
37:10 How to stop failing prop firm challenges
40:46 How Austin does his backtesting
42:41 Where to find Austin Silver
Twitter: / austinsilverfx
Website: asfx.biz/
#daytrader #forextrader #daytrading
// SOCIAL
Forex Trader Community (Facebook Group): d2t.link/FBgroup
Facebook: / desiretotrade
Twitter: @desiretotrade
IG: @etiennecrete
// TRADING MUST-HAVE RESOURCES
Forex Broker (Pepperstone): d2t.link/pepperstone
Forex Broker for Canada (Axi): d2t.link/axitrader
Best Platform: d2t.link/tradingview
Backtesting Tool: d2t.link/soft4fx
VPS (for algo trading): d2t.link/vps
Trading Journal: d2t.link/journal
// MUSIC
David Cutter Music - www.davidcuttermusic.com
Andrew Applepie - andrewapplepie.com/
// ABOUT ME
My name is Etienne Crete (from Montreal, Canada). I'm a swing Forex trader and help aspiring Forex traders develop a trading method that works for them so they can produce income allowing them to live with more freedom.
I blog at www.desiretotrade.com and host the Desire To Trade Podcast. I was fed up with the “fake” millionaire traders and the “get-rich-quick-trading guys”. That's why you can expect more free content from me than what other people charge for!
If you truly want to succeed in Forex trading, I believe you need to keep working on yourself so you can improve your strengths, but also your weaknesses. Do not focus solely on what you're good at.
// Disclaimer
This video expresses my personal opinion only. Forex trading is risky. Make sure you are ready to trade. Even this will not guarantee you positive results. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action.
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I don’t like hearing everyone repeating that most day traders fail. Finish the statement. Most day traders quit because they can’t fail and keep going. That’s in everything, not just trading. I wish people would emphasize that anyone can learn if they don’t quit.
i agree same look at % in buisness any buisnees 90% fail in first 2 years. only about 40 percent of students who apply to medical school each year get accepted.any other high end field. its that Daytrading is easy to get in ,hard to master
Wonderfully said bro!
Pretty good way to put it. Even traders who are successful are still failing but not getting fazed by it and keep going
They tell couse They wanne keep you poor and work for them till you gone!
100% is on everything. My background is e-commerce and out of every single course I’ve taken, like 90% of people would simply quit (either thing is too much work, don’t study enough, or any other excuse).
Persistence is key. And this one is not for everyone. You need that entrepreneur soul just to keep pushing when things get hard and you will make it.
Saying 90% traders fail is not cause trading is rocket science. Is cause, like on any endeavor, you gonna need max effort and max focus.
At 6.30 : "Being consistent mean you show up, you folo your rules even when you are in the down period and that took me a long time to understand". This one says EVERYTHING!
My biggest winners came from smallest positions, meaning I was actually not emotionally bound to my trades, I left them run, and I didn't care if I got stopped out. At that point I kept the money, and my equity curve started making higher lows. Its all about the position size and patience.
Thanks for having me on Etienne!
I'm watching right now, great interview, you got subscribe from me
Always a pleasure Austin! That interview was awesome 👏
Every minute on this vid is a gem. need to re-watch it again. will definitely subscribe to ASFX as well. Thankyou
Notes : Journal your trades,folow your check list,track stuff after trading like meditation or drink more water,
Takeaways: Find what strategy works best for YOU. Gain confidence and trust your strategy. Have great risk management 0.5% risk per trade or whatever works best for you.
Bro, I'm from Kenya and I never imagined I could trade with $10k ever in my life. That's like 1.2 million kshs fam. But now I have 100k FTMO. See God!!
Muthee... living in kenya and earning from fx is a great thing
kwanza saa hii na economy ya zakayo, the dollars come in handy!!
@@kwestkiriba
As always, these interviews drop just when I need to hear the message
I have seen hundreds of videos and the subjects discussed in this video are extremely rare that traders speak about.
If you're a new trader, re watch this video at least 10 times with focus and concentration🥇💎
Been following Austin Silva for more than a year now, very smart guy, very well spoken and informative, could listen to him talk all day long really, great episode.
I like how he said "Real systematic trading are so rules based that those rules should be questioned and tweaked or challenged often & people just don't want to do the work of tracking and back testing", I felt the same with indicators, it just price action in different visual forms. People who shit on indicators just don't know how to tweak it in their favor.
“Day trading is super appealing and I caught the bug”…what a good bug to catch 🐜
I got the bug as well family!
If my wife only knew how much money I have lost trading she would take me out lol but I’m getting better everytime I look at the charts anything can be learned if you have enough will power for it and can stand the emotions from it and just strive to learn everyday everything you do and have done in life you had to learn so why not learn this and spend more time helping folks and more time with your family
Look up Gary Kaltbaum and listen to his Investor’s Edge show. He will guide you to where to day trade and what direction - both up and down.
YOU have to find the good entries, though.
Great tips right here. MINDSET IS EVERYTHING. I am 3yrs into my journey and this piece just started clicking for me. Many pieces go into trading and mindset/psychology is so important. Forever a student of myself and of the market.
You keep bringing great value to the community of traders. This is another excellent video full of great advice. Thank Etienne, cheers!
Admire Austin’s energy and knowledge with real talk. Refreshing, thank you!
I’ve been following you since 2018 by far best interview top 5 of all time, of the traders / investors you’ve interviewed 🙏🏽
Thank you for this! I am on bed rest and lots of TH-cam….but also a nerd who started tracking my health habits & results. It’s cool that you mentioned tracking as a trader because I thought (growing up) that trading was some magical thing rich people do…Now I see that it’s actually discipline & strategy…and that improving your health is a big part of that
One Good Trade was one of the first books I read.
This is so valuable. I am going to rewatch it to take all the notes. Thank you Austin
Excellent interview.
Straight down to the point.
Thanks E.
This podcast is really all you need . This one was a gem for me and new beginnings! Thanks guys
One of your best interviews Etienne. Really good advice from Austin for new traders.
PROP FIRMS: Don't actually give you $100k accounts etc, they just name the account $100k, $300k etc. What you actually get once qualified is the amount of the allowable draw down. So if the $150k account says you are allowed a $4500 draw down once qualified, that's what you actually get to use as capital...$4500, NOT $150k. It's still great, don't get me wrong, but just know that your risk profile should be based on the drawdown, not the account name of "$150k Elite Account" and so on.
These companies thrive off of their monthly subscriptions and trades spending $80 or so on evaluations account "resets".
By all means do yourself a favor and get into the prop firm thing, just keep in mind that the account size is the drawdown, not the enticing title of $350k etc.
Great interview guys, loved it!
Great point! Thanks for the comment :)
You can feel the passion & energy of Austin from his voice! Idol!
Excellent interview! Very insightful and Etienne ask great questions as always
Wow. Very good video Etienne ! Your channel is getting better everyday. Cheers from the south of Brazil.
Bro! That's exactly how I got into day trading! Ypu have to learn all this stuff studying for the series 7. And I was shocked to find that most financial advisors don't do any of this! I've been hooked since then!
Really appreciated Antons advice. The tracking of trades where you veer away from your strategy is a must for me and I havent been doing it!! Arrgghh!! It batters me and you get the occasional one that works which gives you the reason to rinse and repeat the bad behavior!
Awesome video! Great content psychology in trading is one of the most important factors of becoming successful imo.
I can't even lie man...this interview was very eye opening!!
This video really hits the nail on the head 👍🏾
I'm very glad to hear that :)
What a legend. I really love your approach. So grounded and real. Thank you 🙏
This channel and the focus of your interviews are the best for me! Thanks so much for this!
I’m very glad that’s useful!
Amazing!!!!
Excellent interview...spot on..experience is the best teacher..
Great interview Etienne!!! Thanks a lot also to ASFX!!! More interviwes like this one! 🙂
I can relate with you 10000%. Great interview
At 7.28, I think the Ray he was refering to is Ray Barros in Etienne's "Anyone Can Trade For A Living" interview.
Austin is a cool guy, great interview
Blessings from Puebla, Mexico.
Damn, this interview is amazing. As a day trader myself, everything is relatable to the max. Appreciate it guys!
How long you been profitable?
15:33 is this "Trader Improvement Workbook" available for everyone???
One of your best guests, this guy gets it. 🔥🔥🔥
Another absolute gem! What a really decent guy Austin is! Still learning & surviving! ✊
Apart from being so self - aware I love how articulate Austin is 🔥
Great video!
This is a great video. Many Thanks. I resonate with this guy. It's where my strat is going. High win rate. Low R. Less stress. Slowly ratchet up the capital. All good.
Very valuable 👌 info here
Journaling
Lifestyle and activities
Totally agree! Glad you liked that interview :)
Great guy, great inmterview !
Fantastic interview
Cannot imagine this guy on caffeine.
Such a great interview! I'm an new amatuer trade just having started. One day I will be interviewed by you Etienne :))
Amazing interview, Etienne! After I finished that very book One Good Trade the same thing happened for me too. And thought the same things and from there proceeded with my first strategy. When I think about it now, I was kind of disappointed because that was a book about trading stocks, and it was all good until I reached the "reading the tape" chapter and I didn't know what that was. But actually the whole ideas described in there helped me come to a certain way of thinking things through. Take care and keep up the good work!
Glad it was helpful!
True.. even restaurants fail 90%. I m gonna puke when ppl say 90% fail.. it is not because of trading..
Imagine you start being a doctor tomorrow.. 100% fail lol
I am exactly the same. I need to do the quant analysis MYSELF. Each setback though that pain thought and continues to teach me to alter my angle of approach and put in more effort.
Full of very interesting information!!!!
Please post more!!!!
Absolutely! You can find all my previous interviews here: th-cam.com/play/PLwmpbNUnTt6gL4jdULaMVuMi24O8KPZqw.html
very good interview and he had some real gems!
Great Interview. Carry on.
Austin is amazing & has now got a new subscriber 😁
Thank you for getting him on the channel 💛
Glad to hear that!
@@DesireToTRADE i like how he said he's proud of being able to support his wife to the extent that she doesn't have to work - because someday I'll do day same for my boyfriend 😎
Excellent interview 👏
I'm glad you liked it :)
Great material every word hit!
I'm glad to hear that!
Great Talk!
Super this one, thanks! 👌
So glad I found this channel!
So much resonate with you! Great interview. God bless and thank you for the effort.
Very good interview. Some very good advice here
Loved this interview!! So much gold
Thanks for bringing good contents .love and respect from India.
I enjoyed this interview.
Superb video. I watch a lot of TH-cam videos on how to trade, but I haven't gotten very far since they are either talking about the mistakes they made or telling me how they did it, and I don't want to take chances and lose money.
I remember when Austin used to be super bearish on BTC - calling it trash etc etc, now he only trades BTC. I wonder what made him shift to crypto?
I'm still unsure if it's trash or not... but trading and believing in it are two different things
Trading. Up or down. The asset could be trash as long as it's moves
If it moves, daytraders make money. So lol, be able to adapt. Not everything is black and white.
I love it! Best podcast on trading I have heard yet. Thank you.
Glad you enjoyed it!
This is legendary!
Good Stuff 👍🏼🔥
Thnx for the video, any advice on a good or the most popular trading platform for newbies to start with? Thnx
Great guy 👍🏻
Enjoy Your channel , lots of Gems 💎
Unable to understand the Questions many times because of the fast 💨 speech pattern
Will continue to watch though
Encouraging content and have subscribed
Thanks for time and energy in this channel
Great Day 🎉
super good video, thx
Great interview
I’m glad you liked it!
like a world class athlete...absolutely fantastic comparison 😎
Etienne can I give you a tip: u slur ur words or talk within the mouth, which makes it harder for the clarity. Perhaps a tip to take (if you were not conscious about it)
Good vid Thanks
Legend . Lot to implement
Amazing!!!!!!
I didn’t like austin silver back in the day, I am not sure why but I never clicked with his info but as I grew as a trader and person, and now a profitable trader I have grown to like him and everything he says is so relatable . Great podcast !
Welcome to the Dark Side Oscar.... lol jk , thanks bro!
He is truest person ever ... I wonder why anyone will hate Austin.
Great guest
I had to build my own strategy to become consistent nothing else worked for me and i tried alot of strategies..thats crazy because I also built a very high win rate strategy because I cannot handle consecutive losses it will pull me into a depressive lossing streak if i do so i win alot and big and im out quick and small on losers
Amazing podcast !!
I definitely took down lots of gems.
words simply cannot express the success i've experienced trading Austin's systems, ASFX is DIFFERENT. However, it must be said it did take a LOT of work my end in terms of back/forward testing etc
Surprised with the ammount of data you are collectiong of your trading. When do you get time to trade?
Personal Development - mind, body, soul 🧐🚀
The market is very unstable and you can't tell if it's going bearish or bullish.While myself and others are making profits without fear of making a loss others are being patient for the price to skyrocket. It all depends on the pattern you follow.
Looking at the current situation of the
cryptocurrency, it seems that all hope is lost, but there is still great hope. 💯
I love his mindset!
I'm glad you liked it.
how to place order with alerts automatically?, post some videos
Hey , I am new in trading .I want to be a full time trader. I am working on it hardly but I badly need a mentor to make my trading skill a sharp knife. Anybody please suggest me a good mentor to level up my skills.
Thank you for the great advice
Glad that interview was useful!
I have really been enjoying these interviews.
Very glad to hear!
Your podcasts are some of the best in the world today. Another great chat with a very down to earth trader. Thanks for sharing.
Glad you like them! Always my pleasure!
He mentions prop firms that allow option trading? Been searching for this forever. What firms offer this?
What is the name of the options funded program Austin mentioned ?
I dont know the name of it, i forget but im sure you can find it