What is your favourite Humbled Trader video? What trading topics do you want to see next? Please let me know👀👇 Join Humbled Trader Day Trading Community: bit.ly/ytv20240222
I bought today, real time market data trading view, (and the Essencial plan -even if i am still in the 30 trial period) , but i don't see any difference compared to interactive brokers chart..just like before.. The only difference,is now on trading view, the tickers don't have the orange "D" delayed data sign.. Looks the same.. I thought there was 15 min difference..
I would say to continue with some live trading videos. The way you go through you trades and planning covers almost every aspect; those videos help a lot! Additionally, these crash courses have been incredible - best free content out there!!
1. More on Exponential bet sizing and how you're thinking about it as you do it. 2. Curious to know more about how you think about adding into positions/partialing to take profit - If I remember correctly, one of your videos said you only did it after 10 am. Is this still the case?
She's just great! I feel like she's talking to us saying 'Here's how you can get better' and not at a screen trying to tell us 'I got rich, you need to get on the ball' or 'Buy my BS' 😁
I came across your channel through this video-case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.
You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.
That sounds like a good plan. In the past two years, working closely with a financial market specialist, I've built a six-figure diversified stock portfolio. Now, I aim to diversify even more this year.
Talking about a financial market specialist, do you consider anyone worthy of recommendations? I have about 100k to test the waters now that large cap stocks are at a discount... Thanks
My CFA ’NICOLE ANASTASIA PLUMLEE’ a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
This 💯. Psychology is more important than strategy. The two MUST align. Best book I’ve read on this is “The Inner Voice of Trading” by Michael Martin. I think he gives it away for free on his website.
As a trader, I was stuck just simply wanting to make money. It wasn't until I started trading with the idea of improving Risk:Reward & Win Rate did I start to see my account growing. The higher the risk:reward - the better the trade, and the higher the win rate - the more money (and confidence). Risk management was the reason for getting past profit based thinking for trading.
First of all thank you very much for this video and for being honest. Second, you did not follow your rules about VWAP, price action, support, and resistance areas. However, you did an amazing job showing your trading style and thanks again
This video is such an excellent one and probably the most basic one to “must have knowledge” on basic disciplines of Trading. Thanks again for your generosity.
Excellent video Risk management from psychology perspective, how to set the right amount to enter and actually entering as planned is one of subject I would like
I’d humbly suggest to make the point psychologically to stubborn students like myself, please show a winning trade or two in the same format as the losing one. Maybe the video would get too long, but seeing the winning trades as well as the loosing one may subconsciously cement the discipline of stopping the loss, because there is hope of gains. Thank you!
Hi, Shay! Another great video ☺ Thank you so much! A quick few questions, if you dont mind 🙏 1) Do you use 'stop loss' orders? Or you have a mental stop loss level and you just close your position? 2) Aren't stop loss orders seen by the market makers and they stop you out? 3) What is your most used exit order type? ❤🔥❤🔥❤🔥
2. Sometimes yes. But you can place stops strategically so you dont get wiped out too soon. Sometimes you still do thats the name of the game. It's better to have stops in case of some crazy volatility causing you to lose WAY more than planned.
Thank you so much for sharing. I love all of your content but yes I agree. This is my favorite video thus far because risk management is very important. I'll definitely be using some of your ideas in my own trading plan.
Thanks shay for you sharing you LIVE trade,even when you are losing, like you said it is very nice to cut a lose when we see the odd is not in our favor.
as always great video Shay, thanks for taking the time to walk us through your trade, even the losses. It's just as respectable to see the losses as the wins. We all want those lottery winner story but have to realize that this story is usually written with a lot of heard earned lessons
I am officially fan-girling all over your content every day. I love your dad jokes humour and how informative yet concise/clear you are. I’ve only begun my journey and just paper trading for now because I’m a wimp (veryyy risk averse because my capital will be small). So videos like risk management really puts me at ease that it IS something I can control. Also, just letting you know, I found your videos only 2 weeks ago and have binged through them like Netflix hahah. I now have almost 200 pages of notes and screenshots on my iPad mainly from your channel. I’m really trying to be patient and follow your advise from “How to be a trader in 30 days”. Fingers crossed and thanks again.
after 4 days of winning trades..this morning i had 3 lost in a row tried to cut lost as fast has i can but i almost took all the profit from yesterday so decide i was done for today..
buying around 11am? when the 9ema spiked over vwap putting my stop loss just under vwap and profit target around the 12$ resistance could have been a nice trade , i started keeping an eye for those kind of paterns on stocks that were good pre market but went downhill at open and its been pretty good so far , decent wins or pretty small loses :) im just begginer with a small account but i really like that kind of patern THX for the video very informative
Well done again. What is your routine of your "off market time" evening homework routine? Also how are you trading NVDA? and do you trade with Prop Firms?
"When you're selling part of your position for profit, do you use the bid or ask price? When I sell, I use the ask price, but my concern is that the order might not be fully executed, or only partially sold. On the other hand, using the bid price reduces profit. How do you manage this?"
The most frustrating thing that's been happening to me is; I will hit my stop loss, then less than an hour later it shoots back up. I understand and believe in stop losses but 12 or 13 losers in a row can also devastate a small account.
Every week I buy more of whatever is the lowest percentage of my portfolio and try to keep everything around 10%. Please what could be my safest buys with $400k to outperform the market in 2024?
Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.
Right, when it comes to situations like this, it's ideal to engage in various options using an advisor, and I can attest to success of the basket approach seeing my portfolio grow from $350k to almost $1m in barely 3 years, by far my best financial milestone.
I work with "Natalie Ann Brinkman" as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
Been trading for a couple years or so and am very much a novice . Was wondering how you can buy back the same stock that you lost money on at a lower price ? I have to wait 30 days to get back in or my price is the losing price I sold at .
Thank you for the good work in wanting to make us better traders. However, I need just one more, that is your risk management template. Pls, I would really appreciate it if you could give me your spread sheet. Thank you very much
If i ate .25 cent Ramen 3 times a day all year my food costs would drop dramatically. So would my health from malnutrition. Kinda like Trading stocks risk management balancing. 🤪🍜🍜🍜
Your success in trading will not be determined by the number of green days when you are right but will be determined by the number of red days when you are wrong.. Let that sink in..
When I started, about ten years ago, I was using stop losses for risk management. This was death by a thousand, or rather one hundred cuts (1% risk). Mental stop losses only, correct?
Do you have another scanning company recommendation? I got to the pricing page of Trade Ideas and it was all MAGA this and that. I don’t wanna give my money to a hyper political company, so if you have another, I’m all ears!
so then you always hit your stops, how could you predicate that it will turn from that level where you have a stop loss, bcz even you did your chart analyses correct market could hit and turn up, then you may think if you could tolerate like 2% you will be in profit, how do you get off such situation
I love watching your videos (those I can lay my hands on) but I really wish your producers can find a way to avoid asking you and/or your guests to hold those microphones. They sound great but...
not sponsored so I understand not mentioning the brand. lol but still thank you for getting back. enjoy your Taiwan trip. I guess that's your childhood bedroom where you narrate this video.🙃 take care Shay!@@HumbledTraderOfficial
Can you/someone help me understand something regarding trading size and risk management please.... Ok, so from what I understand typically it is important to not risk more than 2% of your trading account. So does this mean that you can place a trade using your entire account but to put a stop loss that is triggered when a 2% loss is incurred or does that mean only use 2% of the account for the entire trade and risk only 2% of that. At times the stop does not get triggered then you would lose the entire account if the entire account is risked and although you intended to only risk $200, your screwed if the stop is not triggered. Sorry for such a novice question.
I was just thinking about this too. From what I'm seeing in the spreadsheet, it seems like we're buying a position up to the full account amount. But only if the key levels suggest we won't lose more than your risk% for the account. The spreadsheet suggests this because in order to make $300 on a trade the stock would only have to increase by 3%, but if your position was only 1% of your account ($100) then the stock would have to go up 300%.
Hey Shay :) what if your planned risk-to-reward ratio is 1:3 but your risk is still higher than your max risk per trade or per day? Would you recommend such trade?
Wait, I'm confused. Don't we also have to take into account the % gain/loss for each trade? If I'm looking at two trades, one that could gain 6% but lose 2% and another that could gain 1% but lose 0.33% then they both have a reward to risk ratio of 3. HOWEVER, if lose the first and win the second, then I actually lost money (lost $2 and gained $1). Am I missing something?
Oh, I think I get it now, haha! The amount being risked isn't the actual size of the position. We're actually considering buying up to a $10,000 position. If the key support suggests it could drop 2% ($200), then stay away unless the key resistance suggests a 6% increase ($600).
I can't disagree more. I enter a trade with a fixed Stop Loss already in place. My problem is that I see opportunity to make money everyewhere and can justify opening a position based on some technical criteria that I have no problem coming up with. It makes perfect sense in my head and yet time and time again I'm loosing...
I always even or lose very little if i setup stop loss as soon as i buy. But it if I let the stock work for couple of hours , mostly of the time is profit , after that I decide a stop loss. So, what’s the best time to setup stop loss?
mmm if you're not setting the SL early on I'd recommend really watching the stock position closely.... to monitor it. i still prefer to set my SL early tho
What is your favourite Humbled Trader video? What trading topics do you want to see next? Please let me know👀👇
Join Humbled Trader Day Trading Community: bit.ly/ytv20240222
I bought today, real time market data trading view, (and the Essencial plan -even if i am still in the 30 trial period) , but i don't see any difference compared to interactive brokers chart..just like before.. The only difference,is now on trading view, the tickers don't have the orange "D" delayed data sign.. Looks the same.. I thought there was 15 min difference..
Thanks for the quality content. The key to my success is often found in honest self-reflection.
I would say to continue with some live trading videos. The way you go through you trades and planning covers almost every aspect; those videos help a lot! Additionally, these crash courses have been incredible - best free content out there!!
1. More on Exponential bet sizing and how you're thinking about it as you do it.
2. Curious to know more about how you think about adding into positions/partialing to take profit - If I remember correctly, one of your videos said you only did it after 10 am. Is this still the case?
shay, would love to see live trading commentary next. its been so long since you made one.
She's just great! I feel like she's talking to us saying 'Here's how you can get better' and not at a screen trying to tell us 'I got rich, you need to get on the ball' or 'Buy my BS' 😁
Appreciate this
I came across your channel through this video-case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.
You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.
That sounds like a good plan. In the past two years, working closely with a financial market specialist, I've built a six-figure diversified stock portfolio. Now, I aim to diversify even more this year.
Talking about a financial market specialist, do you consider anyone worthy of recommendations? I have about 100k to test the waters now that large cap stocks are at a discount... Thanks
My CFA ’NICOLE ANASTASIA PLUMLEE’ a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
This really IS the most important video you've made.
This is probably the most honest video on trading on youtube..thanks for this
People can read all the books in the world and understand all of it and still fail, because they can't control them self.
This 💯. Psychology is more important than strategy. The two MUST align. Best book I’ve read on this is “The Inner Voice of Trading” by Michael Martin. I think he gives it away for free on his website.
As a trader, I was stuck just simply wanting to make money. It wasn't until I started trading with the idea of improving Risk:Reward & Win Rate did I start to see my account growing. The higher the risk:reward - the better the trade, and the higher the win rate - the more money (and confidence). Risk management was the reason for getting past profit based thinking for trading.
I really like the honesty to share loss to help other to learn from it
First of all thank you very much for this video and for being honest. Second, you did not follow your rules about VWAP, price action, support, and resistance areas. However, you did an amazing job showing your trading style and thanks again
My three favorite channels: Humbled Trader, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥
Once you learn momentum trading , the rest is easy
This video is such an excellent one and probably the most basic one to “must have knowledge” on basic disciplines of Trading. Thanks again for your generosity.
Always get a lot from these. Thank you, Shay!
Excellent video Risk management from psychology perspective, how to set the right amount to enter and actually entering as planned is one of subject I would like
I’d humbly suggest to make the point psychologically to stubborn students like myself, please show a winning trade or two in the same format as the losing one. Maybe the video would get too long, but seeing the winning trades as well as the loosing one may subconsciously cement the discipline of stopping the loss, because there is hope of gains. Thank you!
Like to see your real time trading like this and learn from your lessons and success. Cheers!
Hi, Shay! Another great video ☺ Thank you so much! A quick few questions, if you dont mind 🙏
1) Do you use 'stop loss' orders? Or you have a mental stop loss level and you just close your position?
2) Aren't stop loss orders seen by the market makers and they stop you out?
3) What is your most used exit order type?
❤🔥❤🔥❤🔥
thanks for watching!
1. Yes I do use live market stop loss orders. I only use mental stop if its a partial position (like 1/5)
2. Sometimes yes. But you can place stops strategically so you dont get wiped out too soon. Sometimes you still do thats the name of the game. It's better to have stops in case of some crazy volatility causing you to lose WAY more than planned.
3. My most used exit order type is just limit order. Limit sell on ask or buy on bid
Thank you, Shay, for taking the time to answer my questions @@HumbledTraderOfficial ❣
Thank you so much for sharing. I love all of your content but yes I agree. This is my favorite video thus far because risk management is very important.
I'll definitely be using some of your ideas in my own trading plan.
💪
Thank you for your transparency love. I think You’re probably the best TH-cam trading channel ❤
I appreciate that!
thanks for sharing, I'm a beginner who joined the nfc community.
Thanks Shay, that was excellent! 🎉
This
Is one of your top video imo.
Thanks shay for you sharing you LIVE trade,even when you are losing, like you said it is very nice to cut a lose when we see the odd is not in our favor.
Absolutely!!
as always great video Shay, thanks for taking the time to walk us through your trade, even the losses. It's just as respectable to see the losses as the wins. We all want those lottery winner story but have to realize that this story is usually written with a lot of heard earned lessons
love your videos thank you 🙏
Hi, Shay. where you sat is just like a typical grandma's house in Iran.
After 5 years of trading,it's all about risk management and sticking to your process with no exceptions whatsoever.
Definitely
I am officially fan-girling all over your content every day. I love your dad jokes humour and how informative yet concise/clear you are. I’ve only begun my journey and just paper trading for now because I’m a wimp (veryyy risk averse because my capital will be small). So videos like risk management really puts me at ease that it IS something I can control.
Also, just letting you know, I found your videos only 2 weeks ago and have binged through them like Netflix hahah. I now have almost 200 pages of notes and screenshots on my iPad mainly from your channel. I’m really trying to be patient and follow your advise from “How to be a trader in 30 days”. Fingers crossed and thanks again.
after 4 days of winning trades..this morning i had 3 lost in a row tried to cut lost as fast has i can but i almost took all the profit from yesterday so decide i was done for today..
Good thing you did not try to get back and take revenge trades 👍
Risk management is key. Live to trade another day 💪
Thanks for sharing! With best wishes from Central Europe.
What a phenomenal video! 🙏🏽❤️
Love all your content. But I wish you had a link for your risk management calculator.
buying around 11am? when the 9ema spiked over vwap putting my stop loss just under vwap and profit target around the 12$ resistance could have been a nice trade , i started keeping an eye for those kind of paterns on stocks that were good pre market but went downhill at open and its been pretty good so far , decent wins or pretty small loses :) im just begginer with a small account but i really like that kind of patern
THX for the video very informative
Very nicely explained 👌
Glad you liked it
You are a very Excellent teacher...thanks for the video ❤
Video of evening time prep and homework for next day trading!
This is very helpful thank you!
Very informative as usual and always enjoy your humor :) hope you’re having a good time in Taiwan 🙏
Thanks! 😃
It was nice to see your thought processes on risk management. Thank you
🙌
Very important info. Thanks
thanks for watching
Great video. Thanks for sharing the losing trades.
Many thanks Shay for another amazing video!!!
🙌
thanks for watching
Great training. Risk Mgt is now top of mind. How can I get your spreadsheet? I've found others but I like yours the best👍
Thanks for the great videos. Are we able to download your excel spreadsheet used for your risk management calculations ?
Fascinating to watch you trade.
Well done again. What is your routine of your "off market time" evening homework routine? Also how are you trading NVDA? and do you trade with Prop Firms?
No I’ve never used any prop firms. You can see a full step by step premarket trade planning routine video on my channel 🥂
Simply brilliant. Thanks
Great video and great lesson. Thanks!!
🙌
thanks for watching!
I want this spreadsheet 😅
Love your content! Thank you so much for sharing your wisdom.
Thanks for watching!
One of my Favorite videos was the Lambo a year or two ago.
what is the important strategy to complement "stop loss" ? the stop loss method is more applicable for day trade only?
"When you're selling part of your position for profit, do you use the bid or ask price? When I sell, I use the ask price, but my concern is that the order might not be fully executed, or only partially sold. On the other hand, using the bid price reduces profit. How do you manage this?"
Thank you for all the information.
Our pleasure!
You're awsome! Great teacher!
Thanks!
Watching this while having two red positions at the moment
OUTSTANDING video ❤
The most frustrating thing that's been happening to me is; I will hit my stop loss, then less than an hour later it shoots back up. I understand and believe in stop losses but 12 or 13 losers in a row can also devastate a small account.
Awesome video thanks
I love range trading and BB bands
Yes... this is the most important video you ever made.. I think you Asians are very skilled in this field... Greating from Algeria
cheers!
Every week I buy more of whatever is the lowest percentage of my portfolio and try to keep everything around 10%. Please what could be my safest buys with $400k to outperform the market in 2024?
Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.
Right, when it comes to situations like this, it's ideal to engage in various options using an advisor, and I can attest to success of the basket approach seeing my portfolio grow from $350k to almost $1m in barely 3 years, by far my best financial milestone.
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one
I work with "Natalie Ann Brinkman" as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
Been trading for a couple years or so and am very much a novice . Was wondering how you can buy back the same stock that you lost money on at a lower price ? I have to wait 30 days to get back in or my price is the losing price I sold at .
What's recommended, I was thinking risk at 10%
At what period do you have to set up the VWAP?
Thank you for the good work in wanting to make us better traders. However, I need just one more, that is your risk management template. Pls, I would really appreciate it if you could give me your spread sheet. Thank you very much
If i ate .25 cent Ramen 3 times a day all year my food costs would drop dramatically. So would my health from malnutrition. Kinda like Trading stocks risk management balancing. 🤪🍜🍜🍜
Hello. I like your trading set up. What size monitor do you use?
hi Shay, do you put stop loss for your Long term investing? following same technical risk management? let me know, thank you!
No I do not. For long term investing I only sell if the fundamentals have changed for the worse. I dont look at technicals or price
Given the very low volume premarket its not clear to me why support and resistance levels during Markert hours would consider premarket.
Which platform do you use for day trading?
Thank you for the video. What you think about trading Nasdaq?
You are really informative and funny
Your success in trading will not be determined by the number of green days when you are right but will be determined by the number of red days when you are wrong.. Let that sink in..
Could you do a strategy evaluation for past week breakout of SMCI
Are the spreadsheets on your website?
When I started, about ten years ago, I was using stop losses for risk management. This was death by a thousand, or rather one hundred cuts (1% risk). Mental stop losses only, correct?
mmmmm I'd prefer stop loss orders. rather than mental
@@HumbledTraderOfficial Ok! Thanks
Thanks ❤❤❤
Can you tell me whats the song in the background at the end?
Where can i get the spread sheets used?
What’s the indicator on the left side of the screen? It looks like it’s showing volume on a horizontal level.
Volume profile
Stoping a trade manually is a receipe for disaster , as soon im in i place my stop as i know where i want to be out if its not working .
That's good ❤
Do you have another scanning company recommendation? I got to the pricing page of Trade Ideas and it was all MAGA this and that. I don’t wanna give my money to a hyper political company, so if you have another, I’m all ears!
Umm newbie here, when you buy is that considered as 1 trade and another for when you sell?
Bottom Line, You are guessing the movement, what was the probability ?
so then you always hit your stops, how could you predicate that it will turn from that level where you have a stop loss, bcz even you did your chart analyses correct market could hit and turn up, then you may think if you could tolerate like 2% you will be in profit, how do you get off such situation
Thank you 🙏❤❤❤
I love watching your videos (those I can lay my hands on) but I really wish your producers can find a way to avoid asking you and/or your guests to hold those microphones. They sound great but...
this very informative...out of topic Shay, nice chair you got. may I know what brand you have? thank you!
Autonomous ergo chair haha
not sponsored so I understand not mentioning the brand. lol but still thank you for getting back. enjoy your Taiwan trip. I guess that's your childhood bedroom where you narrate this video.🙃 take care Shay!@@HumbledTraderOfficial
Can you/someone help me understand something regarding trading size and risk management please....
Ok, so from what I understand typically it is important to not risk more than 2% of your trading account. So does this mean that you can place a trade using your entire account but to put a stop loss that is triggered when a 2% loss is incurred or does that mean only use 2% of the account for the entire trade and risk only 2% of that. At times the stop does not get triggered then you would lose the entire account if the entire account is risked and although you intended to only risk $200, your screwed if the stop is not triggered. Sorry for such a novice question.
I was just thinking about this too. From what I'm seeing in the spreadsheet, it seems like we're buying a position up to the full account amount. But only if the key levels suggest we won't lose more than your risk% for the account. The spreadsheet suggests this because in order to make $300 on a trade the stock would only have to increase by 3%, but if your position was only 1% of your account ($100) then the stock would have to go up 300%.
Hey Shay :) what if your planned risk-to-reward ratio is 1:3 but your risk is still higher than your max risk per trade or per day? Would you recommend such trade?
Then you have to size down and take less shares, or reconsider your key levels
Thank you!@@HumbledTraderOfficial
np :)
Wait, I'm confused. Don't we also have to take into account the % gain/loss for each trade? If I'm looking at two trades, one that could gain 6% but lose 2% and another that could gain 1% but lose 0.33% then they both have a reward to risk ratio of 3. HOWEVER, if lose the first and win the second, then I actually lost money (lost $2 and gained $1). Am I missing something?
Oh, I think I get it now, haha! The amount being risked isn't the actual size of the position. We're actually considering buying up to a $10,000 position. If the key support suggests it could drop 2% ($200), then stay away unless the key resistance suggests a 6% increase ($600).
Great video, so true but so hard to do.
And..., cool curtains. Are you at your Mom's house? 🤣
lol yes
Why I have a feeling you are not actually making a cent from trading but selling course and dream of lambo?
either way the information in her videos are still useful for beginers trying to become profitable
so does this apply to options as well so if i buy a contract for 43$ i should risk it to have 1:2 ratio but sell at 86$?
No
I can't disagree more. I enter a trade with a fixed Stop Loss already in place. My problem is that I see opportunity to make money everyewhere and can justify opening a position based on some technical criteria that I have no problem coming up with. It makes perfect sense in my head and yet time and time again I'm loosing...
🎉Thanks
1% is way to small. Some of the guys you have on here risked 100%. I am going with 24 %
I always even or lose very little if i setup stop loss as soon as i buy. But it if I let the stock work for couple of hours , mostly of the time is profit , after that I decide a stop loss. So, what’s the best time to setup stop loss?
mmm if you're not setting the SL early on I'd recommend really watching the stock position closely.... to monitor it. i still prefer to set my SL early tho
Humbled trader How can we schedule a phone conversation?
Les