My #1 rule is never get too greedy. My #2 rule is I set a daily achievable profit goal, so that I am never disappointed. My #3 rule is to walk away after gaining a profit & enjoy the rest of the day.
I recommend replacing "profit goal" with "executing my plans goal". Because somedays there may not be the setups you use yielding enough profit to hit your goal, forcing you to create setups out of thin air causing you to bleed your account
so true, my biggest current problem is record keeping. I mean I keep track of my P/L per day and week, but its scattered on paper in notes and so forth. I need a better program I can download data from my brokers and get better organized. My biggest mistake I made early on was scaling up too fast. I would get cocky and buy 500 shares and end up loosing REALLY FAST a lot of money. I made a huge spread sheet where I can quickly refer to to manage position sizes based on fluctuation speed and price. for example I can buy 25 shares of a stock that is moving up in pennies and nickles, but I would stick to 10 shares of a stock that is moving up/down in quarters. and if I know a solid company is going up that isnt insanely priced like amazon I would buy 100 shares and ride an uptick but manage my losses manually with either a rolling stop or just by manually watching it and hitting sell when I feel its validating out of the uptrend.
Thank you for the great and informative video!! What do you suggest to use as a journal? I would assume something online to be able to find the companies or days you traded them easier? thank you.
Thank you guys so much for all the good quality content.. Do you think you guys can go over patterns that you guys look for or your favorite patterns? Intra day and daily chart patterns.. Thank you
information overload is real when you just starting, my brain was exhausted mid day couldn't think straight specially in days with lots of things going on haha
Thank you for this channel for us rookies who never invested in a single stock. Y’all explain each topic in plain wording for me to understand. I’m taking lots of notes and Im playing the market carefully. Excellent job guys. I really appreciate all of you. Thank you so much.
What about reloading (averaging cost down) instead of putting a stop loss for stocks of good/established companies that are just going through some temporary news and you are swing trading? Is that a valid approach?
no, it's not an easy job being a day trader, but it's fun, I love every minute of it. I can't get enough of it, I obsess over charts, I am constantly watching videos like yours to learn more and more on how to be a better trader. There really is nothing quite like the feeling of finding a news about a company, watching the chart and buying in at confirmation and riding a nice long run up to profit land. I'm relatively new to active day trading, about 8 months in, wish I started sooner. Man, I thought there was nothing in life I found enjoyable till I found day trading. There is nothing else in the world that will get my out of bed every week day at 4am and I am excited to do it. My best win so far was betting on gold and held a few shares over the weekend and it gaped up massively and I walked away with a few hundred dollars just for waking up on Monday, you just can't get that feeling anywhere else.
Thank you so much for the video. I appreciate you all and the program for all the trading knowledge and inspiration. I normally trade around 10k a day, I've been consistently green for weeks, decided today to size up, I traded 30k and lost $47. Yes right stops, some winners and some losers. After watching the video I'm not going to size up yet, until I can demonstrate a better understanding of market principals. Thank you for all you do. I found your channel about 3 weeks ago and my account appreciates you!
Solid channel. Really great training. Love the energy guys!
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My #1 rule is never get too greedy.
My #2 rule is I set a daily achievable profit goal, so that I am never disappointed.
My #3 rule is to walk away after gaining a profit & enjoy the rest of the day.
On point there!
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I recommend replacing "profit goal" with "executing my plans goal".
Because somedays there may not be the setups you use yielding enough profit to hit your goal, forcing you to create setups out of thin air causing you to bleed your account
great art 3:19
Shawn's daughter is a future artist!
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Thanks for the honesty!
so true, my biggest current problem is record keeping. I mean I keep track of my P/L per day and week, but its scattered on paper in notes and so forth. I need a better program I can download data from my brokers and get better organized. My biggest mistake I made early on was scaling up too fast. I would get cocky and buy 500 shares and end up loosing REALLY FAST a lot of money. I made a huge spread sheet where I can quickly refer to to manage position sizes based on fluctuation speed and price. for example I can buy 25 shares of a stock that is moving up in pennies and nickles, but I would stick to 10 shares of a stock that is moving up/down in quarters. and if I know a solid company is going up that isnt insanely priced like amazon I would buy 100 shares and ride an uptick but manage my losses manually with either a rolling stop or just by manually watching it and hitting sell when I feel its validating out of the uptrend.
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This was super helpful thank you :)
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Thank you for the great and informative video!! What do you suggest to use as a journal? I would assume something online to be able to find the companies or days you traded them easier? thank you.
Glad you liked it! Please stay tuned, we post educational content everyday!
Best channel ever
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video complete! This is my fulltime job, taking it very serious!
Excellent! Happy we are helpful! Don't mind to recommend topics you would like us to make the video on!
that was awesome Im up on KODK!!! love it
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You guys are great and the videos are very well done. Keep it up guys!
Thank you! We will, please stay tuned! 🤗
Very good! Tips thank you!
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3:42 lolll
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Quality content, thank you.
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There are so many nuggets of wisdom in this video, I lost count.
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Great Job guys
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Thank you guys so much for all the good quality content.. Do you think you guys can go over patterns that you guys look for or your favorite patterns? Intra day and daily chart patterns..
Thank you
Great suggestion! Please subscribe and stay tuned, we post educational content everyday!
Which trading platform are you guys using? your executions are very fast and that is what i'm looking for.
Shawn and Neal use the PPro8 Trading Platform. Learn more: dttw.com
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maybe i should do a video on my trading day and you can criteque it.
do you consider the scanner type your using as part of your strategy?
Go for it!
Real time scanning video: th-cam.com/video/XMatpbLdNkw/w-d-xo.html
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information overload is real when you just starting, my brain was exhausted mid day couldn't think straight specially in days with lots of things going on haha
It is important to rest also! Please subscribe and stay tuned, we post educational content everyday!
Thanks
Thank you for this channel for us rookies who never invested in a single stock. Y’all explain each topic in plain wording for me to understand. I’m taking lots of notes and Im playing the market carefully. Excellent job guys. I really appreciate all of you. Thank you so much.
Glad we are helpful! Great approach - keep up with the good job!
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Thanks folks.
Our pleasure! Please stay tuned, we post educational content everyday!
10:25
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What about reloading (averaging cost down) instead of putting a stop loss for stocks of good/established companies that are just going through some temporary news and you are swing trading? Is that a valid approach?
It is valid approach! Please subscribe to this channel, we post educational content everyday!
I swing traded disney from 98 to 106. If it wasn't for these guys I would still be clueless.
sean took down his daughters princess drawing
no, it's not an easy job being a day trader, but it's fun, I love every minute of it. I can't get enough of it, I obsess over charts, I am constantly watching videos like yours to learn more and more on how to be a better trader. There really is nothing quite like the feeling of finding a news about a company, watching the chart and buying in at confirmation and riding a nice long run up to profit land. I'm relatively new to active day trading, about 8 months in, wish I started sooner. Man, I thought there was nothing in life I found enjoyable till I found day trading. There is nothing else in the world that will get my out of bed every week day at 4am and I am excited to do it. My best win so far was betting on gold and held a few shares over the weekend and it gaped up massively and I walked away with a few hundred dollars just for waking up on Monday, you just can't get that feeling anywhere else.
What a great comment! Happy to hear you are so passionate about day trading, so do us! Please stay tuned, we post educational content everyday!
In a class by themselves, we are so lucky they have committed to doing this on such a professional level.🙏👏👏👏🇨🇦🇨🇦🇨🇦
Glad being helpful to you! Please stay tuned, will be getting only better! 😊
who do we speak to to get free commissions in Canada? we need this!!!!
Would be nice, as soon we know one exist - we will let you know!
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Who is Neil? Who is Sean? Great work, guys but please put a screen label name under each speaker so we know who is talking. Just saying.
just open your eyes
When they say, "What do you think, Sean?", the person who answers is Sean. Same with Neil. Third guys name is Rob.
Thank you so much for the video. I appreciate you all and the program for all the trading knowledge and inspiration. I normally trade around 10k a day, I've been consistently green for weeks, decided today to size up, I traded 30k and lost $47. Yes right stops, some winners and some losers. After watching the video I'm not going to size up yet, until I can demonstrate a better understanding of market principals. Thank you for all you do. I found your channel about 3 weeks ago and my account appreciates you!
Great to hear! We are happy to be helpful!
Please stay tuned - mo0re educational content is coming!
Mistakes.
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Hy’shqe (Thank You)
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