5 Success Tips from 7-Figure Day Trader, Tim Grittani
ฝัง
- เผยแพร่เมื่อ 23 ก.ย. 2015
- Full show notes: chatwithtraders.com/ep-010-tim... - - Tune in to the journey of an incredibly talented intraday trader, who has transformed a $3,000 account into almost $3,000,000 - within the space of just a few years.
It was early 2012 when he first ventured into the jungle of penny stocks. After catching on to how these markets operated and understood the manipulation, he certainly mastered a few setups that paid him generously over and over again. Eventually he hit a few limitations, and now he’s predominantly a short-seller of NASDAQ stocks, which makes for an interesting segment during this interview.
He is undoubtedly one guy you should pay close attention to, and his name is Tim Grittani, aka @KroyRunner89.
Looking back, Tim has now pinpointed the 5 key factors that have contributed to the majority of his success to date, and breakdowns each of them over the next 40+ minutes.
Plus, you’ll also hear about the events that lead up to his gigantic single trade loss of $290,000 during October last year. This will give you a great appreciation of just how bad things can get when you go against your trading rules. Because as you’ll hear when the ongoing problem surfaced, it got ugly - real quick!
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Practical points from 010:
- Closing trades randomly or based on money (P/L) is not ideal, use the charts instead.
- Register the performance for a set of rules for later self-reflection and analysis.
- Focus and practice what you are good at.
- Be selective and quick when trading promotions.
- Refusing to cut losses, leads to BIG losses.
- The 5 factors that lead to success:
1) Use the right broker for your strategy needs.
2) Focus on liquid/volatile markets: more meaningful returns.
3) Identify and focus on your niche (whatever feels comfortable).
4) Don't believe the hype (fundamentals), trust the chart.
5) Cut your losses the smart way, don't use arbitrary levels or numbers, use your charts.
- Market scanners can be very useful tools.
lol, your the fucking best. Do this in every video.
Grately appreciated
Saved an hour of my life.
Thank you so much kind sir
A legend amongst men
Best Channel for Traders on you tube.
+Angelo Senna, woo! Thanks very much man.
By far!
- Focus on the why behind the trade and the thought process, don't believe the hype, trade charts and price action only
- Hide your unrealized P/L
- Focus on setups you're good at
- Cut losses intelligently, based on the chart
Just a heads up, Tim just broke $10 million dollars.
He is now closing in on 11 Million dollars. That's not a typo. In three weeks he has made almost 1 Million dollars. ($10.78 Million)
Excellent!!
I guess over 15 now!!!
September 2023 grand total??
I'm learning so much from this channel just listening to all the stories that traders have went through in stock market.
After listening to how this guy made it off the backs of gurus I’ve never felt more confident in making it as a trader
Most time having knowledge or insight about a particular activity can as well be a pleasing exercise. I can boldly say that forex and crypto trading is one of the profitable money exchange service that elevates investors and their financial status..
Trading with Mr Donald and his strategies is awesome, he has helped me to recover some capital I lost in the hands of incompetent Brokers/Account Managers but thanks to Almighty god that at last I came in contact with Mr Donald via his mail that was shared on the net by good traders, since then I have neve lost any trade you can reach him..
(donaldbramwell443@gmail.com)
Wilson what’s Forex?
How are you doing now?
"How did you get rich?"
"I was the fastest guy to buy in a pump and dump"
welp there goes my money
I just found this channel. Awesome!
Good
Technical
1. Journaling / Playbook
2. Big Picture / Technical Analysis
Aaron,i can appreciate n understand ur commitment n this awesome content is labour of ur love ❤️.
🙏🙏🙏🙏🙏👍👍👍👍👍
I loved the interview with Tim Grittani, if he´d ever appear again on the podcast that would be highly appreciated!!
Thanks for the awesome stuff Aaron!!
+bla bla, great to know you liked this interview.
Great interview! Looking forward to watching all other interviews
Great video for the basics
awesome interview!
Great video, He gave a lot of helpful tips
such a humble guy grittani is
Thanks for the useful info!
I love when traders talk about their mistakes and losses because if they can make a comeback I can too
GOOD SHIT BRO…LOVE THE CHANNEL…..KEEP UP WITH THE MONEY MAKING
+NATIONAL PARADIGM FOUNDATION (NPF) great to hear, thanks for the support.
AWESOME!!!!!!!!!!!!!!!!!
KEEP IT UP MAN!!!!!!!!
TOTALLY LOVE YOUR CHANNEL!!!!!!
+Joshua Revelegia awesome to hear Joshua, thanks for listening!
Love this TH-cam channel
Good episode, great guest.
+maxibazze awesome, thanks!
Nice work Aaron!
Now he is in 8 million.. Amazing journey..
Really?
Tim's now retired after making over 15 Million. What an inspiration.
Great interview
hey its you! =]
The guy in the video started trading with a few thousand dollars right? what type of stocks or broker website do any of you recommend for beginners with about 1 or 2 thousand dollars?
For someone who want's to get into the trading this is both inspiring and a great source of knowledge. Great stuff man will now be listening to one of these daily! Any tips on best content to research to start out? :)
+TheCricketfingers awesome, thanks! You can find more interviews I've done here: chatwithtraders.com/podcast/ - I'd suggest listening to a few of these episodes, and then checking out any of the additional content the guests recommend.
I generally play in news. When the stock is more than 12 % up with news, I just sell it and when it comes 3-4 % down I buy it. Most of time it works.
that means you are basically trading the pullback at 38.2 retracement.
I would think something like this is too obvious so wouldn’t be viable
Great job here Aaron!
+Buggy, thanks!!
hi, thanks for the video, it has some excellent information. can you please let me know what trading or software platforms are commonly used amongst successful traders? if you do recommend one could you please tell me why you chose the platform you chose? is it because of the commission rates etc?
many thanks in advance
+Abu Patel there's no one-size fits all Abu, choosing a broker and a platform that's a good fit for you really depends on what you're trading.
Tim Grittani is the Lionel messi of Trading...Great Interview
warren buffet is michael jordan
+Juan Paolo Griño nub warren buffet is a investor not a trader
@@johnlopez2028 Warren is investor not trader
Steven Dux is the Cristiano Ronaldo?
but you dont really know that.
great job aaron
+Prasad Naga, cheers!
Can you turn each episode into a podcast as well?
Dat scenario with 290k loss. Thank You for sharing guys.
Is there a futures market for OTC or penny stocks?
What happened to the Matt Owens podcast? It's not up on the channel?
Do these things still hold true today for otc?
Nice interview
+Quân Phan - thanks buddy.
I enjoyed this one! Tim is an awesome trader.
+Griffen DeArmond good to hear buddy.
every single strength and weakness Tim was mentioning, i had gone through myself.
If you don’t mind me asking, how are you doing today?
Starts at 4:34
Trading with Mr Donald and his strategies is awesome, he has helped me to recover some capital I lost in the hands of incompetent Brokers/Account Managers but thanks to Almighty god that at last I came in contact with Mr Donald via his mail that was shared on the net by good traders, since then I have neve lost any trade you can reach him..
(donaldbramwell443@gmail.com)
No strategy outclasses that of Mr Princewill Brown. He has proven to be very trust worthy and reliable
Trading Psychology Major Key
Hey, Aaron. Is there any way to get Triforce's interview? For some reason, it is blocked
+Alexey Varenukha, the interview has been taken down-as Matti's request.
Good information.
This was exactly me in the beginning but i lost a lot more. Great interview.
+NaëvaTrading I'm a great trader! And with that you become wealthy.
needs more forex traders. this stuff mayority for ppl with too big accounts.
You should interview The Chart Guys or Philakone
great
Another follow up interview with Tim would be great.
Full margin usdjpy sells 8pm est
Grittani is the master :)
whats the second key to succes at 38:30? i couldnt understand the word after liquid
+Ichiban Jordy, "liquid and volatile stocks"
If the loss was over a qtr of a mil n he had about 2 mil, then how much of his account is he laying down? He didn't mention that. He averaged in way too much of his account.
Aaron, Tim mentioned Market Scanner, I couldn't for my life google it. Could you give us the link? Subbed and liked! You rock!
+Kelberi, what time was this mentioned? It may have been stockstotrade.com/, but I have a feeling Tim also uses equityfeed.com/. All the best!
Thanks Aaron I misunderstood Tim's statement ;)
Some online brokers, such as the low-cost-yet-slightly-retarded broker I use, offer many market scanning features. I'm with TradeKing due to the low cost, but I don't recommend them if you want good support. They offer a bunch of tools.
dont think ive watched a video on youtube yet were they say they'll put the link in the comments, then dont do it lol...
If Tim is all about chart patterns and Tech. Analysis, where did he get the know-how on these subjects if not a book? Anyone know?
He found a magic whistle ring in bowl Count Chocula one day and never looked back.
He was a student of tim sykes
Can anyone start with OTCBB stocks now, or are the glory days over because they are being regulated now?
+agipy5 I'd suggest listening to my interview with Nathan Michaud for more about this: chatwithtraders.com/ep-055-nathan-michaud/
are you in trading or in business selling products??????
Get him on here now for updates
SICK DUDE
can u please get lakai on here?
hi i have a question..what if i bought 10000 shares of 50 $ share....will it change the market??
by buying a 10000 shares will i make a great supply and make the stock to go down??
+viswa Rock - it depends how much volume is traded on any given stock, by how much market impact a transaction of this size would have.
If you buy that many shares of a highly illiquid stock, then probably yes... for instance... AMSF is trading at $58... it's average volume is 93,000/day... if you bought 10,000 shares, then yes, that would probably move the needle considering you just bought more than 10% of the entire average daily volume. MSFT on the other hand, trading at $57, has an average daily volume of almost 31 million. So in that case, no. Drop in the ocean.
Viswa Ramesh depends on the volume float and outstanding shares. A $50 stock is most likely a large company with many outstanding shares so you would have to buy a lot to really influence the price. Typically institutional buyers and sellers have the power to influence a large stock.
how do u find this promoters, really want to know that? any idea please
Contact POLONIEX
Tim Grittani vs Steven Dux.. Who's more boss?
Idk i like both
Thiis was a mirror image of myself
What does shorting mean? For example you said Tim pretty much only short sells.
+ynoter1 trading a 'short' position is when you bet the price will decline, meaning you make money from the price going down. It's the opposite to trading a 'long' position, where you make money from the price going up.
I will explain one way of shorting a stock. Say you want to short XYZ company. The current market price is $100/share. You go to your broker and borrow 10 shares and sell them for 100/share right away ($1000+). Two things can now happen. Say the price of the stock goes down to $50/share. One will then buy he stock and bring those shares back to his broker. The profit is $500+ (not including interest if there is any). another thing such as if the price goes up can happen, say to $150/share. Before it goes hirer so that you cut your losses, you buy 10 shares for $1500 and return those to your broker. You have just lost $500 (and probably your confidence lol)
+Ben Howell thanks for elaborating Ben.
I think it means he is a midget.
trade off the ticket not the company love it🔥🔥
Reggie Cyde 10+ Million in profits? Wrong for you right for him. That’s why it’s so many ways to make money In market. It’s all About trading your personality.
What are you typing?
20
Great interview! But what is that clicking sound ???
+Motivation Music thanks, glad you enjoyed the interview. (I think the clicking sound was Tim typing)
+Motivation Music that clicking sound was his stock ticker going up....UP....UP....UP !!!! AND UP !!!!!! OH SHIT IM RICH !!!!!!!
+Percy Sherrod hah!
If I'm hearing the same thing, I think he's actually squeezing a bottle of water or something.
30
I do not get the allure of penny stocks.......why deal with unpredictable pumping/dumping, poor liquidity, wide bid/ask spreads and constant gapping when you can just buy options on large/mid caps stocks? Options renders the whole "my account is too small" logic null. Because you can benefit from the UPSIDE and the DOWNSIDE of equities that move at least a 1.00 per day on average without buying expensive shares.
Facts
"Technically promoting is legal." Few questions later...."Yeah most of them got arrested." LOL
Sports and Movie Clips promoting is legal, trading what you’re promoting is illegal
For starters, tell everyone upfront this is OTC not larger market trading. I gave this 20 min and wonder if there is any hardcore, actual trading info in this entire video? I traded OTC for years, guys with large share amounts find ways to promote and sell shares to those who don't for a profit. Sad but true.
Why don't you make video
Did he said :thank you Tim Sykes at the end. WOW www
Please stop typing, the clicking sound is so frustrating
Please
I don't think any real good traders give up anything really important...they say stuff that is common sense to me like "do what you're best at" well i'm best at losing money so guess i'll just keep doin that lmao. The only useful thing I saw in a comment summarizing this video (didn't watch video yet) was to not do a flat takeprofit / stoploss...which is probably good advice. It still doesn't tell you what to do tho just says "use the charts instead" lol i'm assuming trend / s/r but I mean that's the shit we want to really know how to do...patterns, strategy, etc. and these guys don't give out those secrets because if the 99% losing money learned that shit, then the 1% wouldn't be the 1% anymore
Psychology
Just a lucky gambler!!!
Truth is they make more money selling product than they do trading. So what? If they impart knowledge on you which makes you a more profitable trader, then it it's worth the cost, right? However, it would be nice for a little more upfront disclosure. Something like "I make roughly 5-8% of my monthly income from trading alone"
I think most of the time these tutoring programs teach whats already free on the internet. I could be wrong though bc I've never bought into one..
You can go look on profit.ly and they share ALL of their trades publicly. They make money from trading every week and it’s good money. Stop bitching and start studying.
Hah what is his edge lol he said he dived in when get email.. And now he lost his emails and his profits drops..
Im 16 and I'm really scared for my future. I dont want to work for a boss, I want to work for myself. The only option so far I'm looking for is the Stock Market. I'm really scared if I try it I will fail at it miserably. I need help where can I learn about the stock market? Should I just keep feeding myself these videos or find another source?
+Rainx5000 there's a good chance you will fail as a trader in the beginning - pretty much everyone does, but it's nothing to be scared of... Accept it takes time to build skill. So, learn as much as you can (these podcasts are a good resource, but there are also other great resources), open a paper trading account, and start out small.
+Rainx5000 you need to have a strategy that is non-random. meaning it is a real profitable strategy that makes money in general. then you need a small fortune to invest. you have fundamental strategies, technical strategies, and quantitative strategies. The best 'technical indicators' are the ones based on statistics: moving averages, Bollinger bands, heiken-ashi, VIX-FIX, seasonality, etc. dont waste your time with superstitions like dow theory or market harmonics, stay close to science. statistics and fundamentals is your only weapon in this business. The best strategies are market neutral, and the most useful risk management tool is the kelly criterion. learn Warren Buffets value investing approach for investing, and Larry Williams strategies for trading. learn about other markets, bonds, forex, futures, options, alternatives, real estate etc.
+Chat With Traders could you recommend a decent paper trading account service?
+Joel Cornette sure thing, I'd suggest Think Or Swim - they have a great platform for paper trading. It's quick and easy to get setup and start using.
fully agreed.
Trading consistently and profitably requires a very developed learning capability, working memory, reasoning ability, emotion management, innovative thinking skills and the ability to simultaneously address several problems. Its actually scary how closely these traits are connected to the traits they test in actual IQ tests. I bet one could find successful traders have a very high IQ. Statistics confirm that 10% are successful. You must have the IQ in the top 10% and that would be 121 or more to be successful. Case closed.
emotional IQ matters too
This is the dumbest thing I've ever heard!!! Do you even trade???
Didn’t he blow out his account?
lost 290k , i would be happy to travel at his level! and this is a loss to be KINDA PROUD OF!
actually true, i recently found out, in a book "one good trade" that loosing big does not mean you can earn big.
lets connect, are you a trader? i ve got something for u - much stuff changed in my trading life, msg me at erjcan at gmail com
CAStRAtED IS tHE WORD
So really Tim Grittani, all of your success is thanks to what Tim Sykes teaches... Where is the praise?? Ungrateful!!
i couldn't watch with that download now throbbing
There really isn't a need to watch, is there? I mean, nothing to really see.
8 figure *
I guess he started with $1500 and now passing Timothy Sykes
Mohammad Bilal so they say
You couldn’t hear anything. Oh yes him eating chips or what ever he was doing.
Lemme tell you why I listen to your podcasts but skip your videos. Bragging about dollars and profits. Stick with education on trading. Don't associate yourself with trash channels by using their standards.
literally stopped listening to a great interview because of all the keyboard clicking.
Jason Crowley softy
6 months ? I don’t believe this at all
Aaron you clearly sound disengaged and not interested in all your interviews. Also your questions are not engaging to the listener and I found the interviews to be a bit on the boring side. I recommend making things more relate-able to the reader with more examples and perhaps some humor. Also try to be more genuine with your complements. Try to sound like you are having a good time. Tanx
+reverse moustache cat - seems like a lot of effort to go to if this is something I'm not interested in... Also, please note, this was one of the first interviews I'd ever done.
Chat With Traders agreed. that came out wrong. I meant you sound disengaged. But in reality, you are passionate about this. Point taken on this being an early interview. Will listen to the later ones. Keep it up. regards
+reverse moustache cat - you can view a full list of episodes/interviews here: chatwithtraders.com/podcast-episodes/
Maybe you're misinterpreting Aaron's natural voice tone with disengagement. (No offence Aaron), but Aaron DOES have a fairly monotone voice, with little intonation or inflection. I could easily see how someone may take that as being disinterested, for example. But there's not much he can do about that.
You dont need to sound like happy happy american style news interviewer just to suit other people. He is just being himself, nothing wrong with that. Keep on good work Aaron.
Lol same story as Matt Owens. Hmmm I wonder if they're making 90% of their riches from selling their "training courses"? I have read they offer something between $299-$1000+ per month/year for mentoring & shit? You are selling what everyone can learn if they do their research.
Amen.
Roseanne YN they share all the trades on profitly they make a lot of money trading
Fluctuation haha nah mate you can fuck off!! Hahaha loser!
like modern rock said if he had a formula for making gold why the fucc would he sell that or give it to anyone??
I almost thought I was crazy when I had similar thoughts about these "gurus" running through my head. Even Triforcetrader looked different, he looked more relatable to me because he's young and is into gaming but it's just an image. An image which is probably fostered to sell $200 courses. Absolutely ridiculous. One day, if I make it, I will give out my knowledge for free.
The slow jasmine conceptually prick because christopher unexpectedly argue across a cumbersome cat. fragile, afraid output
*googles "how to skip annoying ass TH-cam intro"*
Poor interviewing skills, you have Tim on and you don't ask about size how often he trades what he waits for, just a simple of conversation I waited but nothing for the interviewer what a shame. He does the impossible and you don't ask him about size of trade to get there? too bad. I rated this a thumbs down only because the interviewer was poor. Tim well done sorry this guy wasted your time!
Size? Pff size is easy: You have a starter size when the move is in your favor and you build that size up as the move continues to be in your favor. So for example start with 500 shares (long or short depending on the move being in your favor off course long or short) and ad more size of 500 blocks along the way as the move continues: So you can end up with 1000/5000 shares in your favor making more profits as the move continues in your favor. And it is not about how often he trades: It's about how often will the market give you the opportunity to trade giving you the exact setups/patterns you have been waiting for.
how do you lose 292k with 5k shares.....?
You're just an idiot. If you did research you would figure out Tim posts all of his trades on profitly with his share size included. Just because you're too fucking stupid to figure something out on your own does not mean that you should dislike the video. This channel is great and you are lucky you are even listened to this interview.
Awesome, Budd. I'm always on the lookout for a great source for trading strats. Let me know when you start doing interviews better than Aaron's.
To be fair he asked about more than size idk why everyone is emphasizing that, he said "you don't ask about size, how often he trades, and what he waits for."