@@bizphone8662 trading doesn’t infer to strictly trading live funds, you can paper or tape read regardless of the medium used to participate in the markets you are still trading.
Ahhhhh man… took me two years straight to realize this!!!! ITS COMPLETELY FIND TO STAY CASH!!! If you’re brand new to trading save this clip and watch it everyday!!! This is by far the most powerful gem I’ve heard 💎 💎💎💎💎💎
....and you failed. If you pay attention, it depends on the way you trade not your mindset. There's are opportunities based on how you trade and your timeframe. You sound like day traders. So everyday, but not necessarily every hour or 30 mins right? Look at his charts. He swing trades. Those are at least hour charts. So opportunities every week but not every day.
"a master of all is a master of none" meaning, there can be opportunities every day however, the likelihood of you executing them properly is slim to none. Stop being greedy and chasing. You're going to blow up your account.
Nothing to do with mindset. It's all about the type of trader you are. For example, for scalpers, every trading session there are opportunities to trade. For day traders, you wanna pick the best time of the day and wait for that big move that may or may not happen on that day For swing traders, you may only get a few opportunities sometimes only 1 or 2 per week to trade. So by determining what kind of trader you are (your time constraints & trading style), you can adjust your approach to the market appropriately. This was also me just sticking to 1 chart. If you trade multiple different charts (instruments), then you can definitely find an opportunity everyday. But then take into consideration the amount of losses and risk you are willing to take per day, cause otherwise, you may just go on a losing streak and absolutely blow your account in a single day entering all these markets.
Amen brother. I don’t want to say ‘I can’t trade every day’ but I can only trade 1-2 days a week because I only trade when my criteria is met and I have very rigid criteria.
Agreed. Sometimes the best trade, is no trade. If the equities you are watching do not meet your criteria to open a position then don’t. Wait so that you don’t unnecessarily sacrifice capital. As Amat has said in other shorts, mental capital is more important than financial capital. But no need to sacrifice either one when your setups are not present.
@@DS-mr7gr complete rubish. Position is position, no position is only your fear. When you miss oportunity you have only fomo. Your no position means nothing in trading world
I am doing full time trading since last month and made the same mistake of taking trades ,even when they didnt come in my set up .I will follow his advice now ,even if it means to trade once or twice a week.
With trading though, if you're not willing to lose money, you're never gonna earn money. Losing is part of the game, but staying out of unnecessary losses is key to longevity
I agree mostly, like a lion waiting to pounce, but if you do your homework daily, studying hundreds of charts, an opportunity always presents itself. But that being said, you can easily spread yourself too thin. That's why if you are going to trade, it's a full time job as things move and change quickly. You have to be ready to pounce. Good stuff Umar.
Really solid points here, although I would slightly disagree in the sense that I believe the market does present some sort of opportunity every day even on red days.
If your favorite strategy isn't there in the morning, then don't guess...a good strategy will only work if u use it on every trade that u take. Get hijacked n ur in trouble. Almost gambling at that point. Risk very little to keep any loss low, until u r a consistently profitable trader.
This is the most helpful tip on trading. All these other trading "guru" fucks misinform with "oh you have ro make this much per day" and people think they HAVE to trade everyday.
Iv realized I need to wait for cleaner cut patterns and levels. When I try to trade something with a bunch of wicks or sloppy setups, I usually get myself chopped up even if I was right on the direction
I don’t agree with “the market doesn’t give you an opportunity everyday”… the market for the most part is pretty volatile, depending on your strategy you can easily find opportunities throughout each day
If you properly manage risk, AKA trade size, there are literally opportunities every single day. I'm only going full size once or twice a week. but 20% size for a scalp when its a 2:1 or a 3:1. You may not take a full size position everyday.
You can trade everyday only when you see your set up, but overtrading everyday, man if that’s not a bad addiction i rather smoke a rock than overtrading
A Day Trader's budget determines how often a day trader needs to trade etc Example Write down your total living expenses for the whole year which will give you a figure Then write down your day trading balance Eg if you can live on 10k living expenses and you have a 100k day trading balance You only need to make 1 good 20% trade per year which is easily possible when trading options etc Another example If your monthly living expenses are 2k And you have a 5k trading balance you only need to make 5 x +10% trades in 20+ day trading days in the month etc
That is not how its works,you have trade every damn single day ,if your trading setup comes.that is when probability curve starting to work.if your trading setup not comes every day you shouldn't trade that day.
I dont trade on following situation 1) opening of the market at 9:15 2) market is not volatile 3) volume is not upto the mark 4) buying or selling signals not meet like candle stick paterns, analysis of trade entry, , risk calculation, benefit calcultion 5) waiting for tiger to identify prey to eat... We need to wait for chance to meet our goal 6) last day of entry after 2:00pm it's pure risky 7) etc
As a person just starting I've heard the same message from a professional trader. But I also see from other people trading on a daily basis using different strategies. So I'm kind of confused
You don't have to trade everyday but u could. There's opportunities everyday in the market. I went from $13,000 to $40,000 in less than a month trading everyday and still doing it. I trade SPY Monday to Friday & TELSA on Fridays only and I stick to that plan. I take what the market gives me and get out. To a beginner find 1 stock u like to trade and stick to it so u get familiar with it. Dont be all over the place.
If u trade as a individual ur lost computers do all trades i.e write some codes make the computer do those trades .Also if u cannot apply economies of scale to those trades u dont have any tradez u should have 10s to hundreds of automated trades at shorterm preferably if u dont have just stop trading.
How to know that a particular day is not for trading. I tend to trade everyday and almost make loss everytime. Even if I make profit, that's very low because I exit my position very early because of fear.
![[TH]FFWS SEA Spring 2024 Final](http://i.ytimg.com/vi/TK2mu-8yBFU/mqdefault.jpg)
This is a skill hard to learn when growing an account.
@Randy Preston awesome I’ll look into it 😁👍
Rather have a small account to learn then blow a large account learning and be pissed!
I'm waiting since this morning!😢
You don’t have to trade everyday but you can only learn that by trading everyday.
true - but, you can watch the market & learn daily without sacrificing capital or paper trade while saving up.
@@bizphone8662 trading doesn’t infer to strictly trading live funds, you can paper or tape read regardless of the medium used to participate in the markets you are still trading.
@@SGRyuma he was talking about using money everyday. I don't think he was talking about learning and planning
This is why metatrader has a demo account
You are right. Practically every successful trader traded everyday...self realization comes with time and experience...
Ahhhhh man… took me two years straight to realize this!!!! ITS COMPLETELY FIND TO STAY CASH!!! If you’re brand new to trading save this clip and watch it everyday!!! This is by far the most powerful gem I’ve heard 💎 💎💎💎💎💎
Yeah true. Like I could feel it. Although I know but at times you just need someone to tell you
You’ve been dropping so much quality recently, much appreciated
The market literally is constantly giving you opportunities.
If you aren't finding them, the problem is your mindset.
Enough said it's complete bullshit there are opportunities every single day.
....and you failed. If you pay attention, it depends on the way you trade not your mindset.
There's are opportunities based on how you trade and your timeframe. You sound like day traders. So everyday, but not necessarily every hour or 30 mins right?
Look at his charts. He swing trades. Those are at least hour charts. So opportunities every week but not every day.
@@MrQuestiel”I see green candles every day so this guy is full of shit” basically what he said😂
"a master of all is a master of none" meaning, there can be opportunities every day however, the likelihood of you executing them properly is slim to none. Stop being greedy and chasing. You're going to blow up your account.
Nothing to do with mindset. It's all about the type of trader you are.
For example, for scalpers, every trading session there are opportunities to trade.
For day traders, you wanna pick the best time of the day and wait for that big move that may or may not happen on that day
For swing traders, you may only get a few opportunities sometimes only 1 or 2 per week to trade.
So by determining what kind of trader you are (your time constraints & trading style), you can adjust your approach to the market appropriately.
This was also me just sticking to 1 chart. If you trade multiple different charts (instruments), then you can definitely find an opportunity everyday.
But then take into consideration the amount of losses and risk you are willing to take per day, cause otherwise, you may just go on a losing streak and absolutely blow your account in a single day entering all these markets.
Amen brother. I don’t want to say ‘I can’t trade every day’ but I can only trade 1-2 days a week because I only trade when my criteria is met and I have very rigid criteria.
Ok so how long you doing it for and are you profitable?
It's the most important thing to follow .. Learn to know when not to trade
Rules #1 for psychology lesson
Never trade. Always invest for long term
Staying in cash is also a position
😂😂😂
Position is position but staying cash is staying cash. Two different things
@@goodman1127 ok
Agreed. Sometimes the best trade, is no trade. If the equities you are watching do not meet your criteria to open a position then don’t. Wait so that you don’t unnecessarily sacrifice capital. As Amat has said in other shorts, mental capital is more important than financial capital. But no need to sacrifice either one when your setups are not present.
@@DS-mr7gr complete rubish. Position is position, no position is only your fear. When you miss oportunity you have only fomo. Your no position means nothing in trading world
I am doing full time trading since last month and made the same mistake of taking trades ,even when they didnt come in my set up .I will follow his advice now ,even if it means to trade once or twice a week.
these are all facts and once you really internalize this, your trading has turned a corner
My goal is to swing big twice a month and study on my offtime.
It's better if the opportunities are abundant
A wise person once told me if you dont lose money you’re still in profit
👍👍
With trading though, if you're not willing to lose money, you're never gonna earn money.
Losing is part of the game, but staying out of unnecessary losses is key to longevity
@@GuyLogen yeah you’re absolutely right
This speech is world class to me 😮 I understand more than any one
as a starting trader it is almost near impossible to not trade everyday, the adrenaline is always there to push you, until you learn
Control it. The less trades I placed the more profit I made
@@edosiookeoghene2955underrated fact
Lol…when i first started i also thought i needed to trade everyday and its exactly correct..not everyday is a trading day.
waiting is hard... very hard thats why most ppl fail
Most people fail cause they have no idea what they are waiting for.
Not because of the waiting itself.
Exactly I don’t trade on weekends
ME neither... :)
🤣😂 these utube reels. Most of them literally shlt traders.
He built huge portfolio from intraday..now taking only swing trades and he thinks intraday trading is not good.
Or holidays 😌
I agree mostly, like a lion waiting to pounce, but if you do your homework daily, studying hundreds of charts, an opportunity always presents itself. But that being said, you can easily spread yourself too thin. That's why if you are going to trade, it's a full time job as things move and change quickly. You have to be ready to pounce. Good stuff Umar.
true， be patient, be a hunter
These videos are gems please keep dropping them 🤝🏻
Developing the skill set necessary for growing an account takes time and effort, but the rewards are worth it
this is the most important tip and lesson of trading. not doing it daily.
This is super correct after my years of journey.
Yea, by 10 if I don't see my setup, I am done for the day.
Really solid points here, although I would slightly disagree in the sense that I believe the market does present some sort of opportunity every day even on red days.
If your favorite strategy isn't there in the morning, then don't guess...a good strategy will only work if u use it on every trade that u take. Get hijacked n ur in trouble. Almost gambling at that point. Risk very little to keep any loss low, until u r a consistently profitable trader.
Trading is addictive
Keep learning, for the most part there are opportunities (almost) every single day… you’re just not seeing or maybe aware of them
This is the most helpful tip on trading. All these other trading "guru" fucks misinform with "oh you have ro make this much per day" and people think they HAVE to trade everyday.
This guy’s so funny. Talking to himself like its a goddam podcast 😂
Iv realized I need to wait for cleaner cut patterns and levels. When I try to trade something with a bunch of wicks or sloppy setups, I usually get myself chopped up even if I was right on the direction
Mann!! Im so glad ive found you 🙏.. Thanks for all your efforts
The best piece of advice EVER for me.
For sure, kind of lose focus if you trade everyday, need to stay focused.
Best advice, period
True.. don’t try to be a hero ..stay calm
I really needed to hear this. Thanks.
many professionals say that you can, since there are a huge number of assets and timeframes, there is always a daily possibility
I trade at 330pm south African time daily
One hundred percent TRUE❤
The art of talking without actually saying much
You got the art of hearing without listening bro 😂
I don’t agree with “the market doesn’t give you an opportunity everyday”… the market for the most part is pretty volatile, depending on your strategy you can easily find opportunities throughout each day
Exactly. It gives opportunity each 5 minutes
Not everyone is a scalper mate
Exactly bro keep it up 💪💪💪
Out of all of these “trading experts” this guy makes the most sense
Xeventy's presale got me hooked - the coolest way to be part of a groundbreaking project. Let's go!
you're the best trading advisor!
Well said. You’ve earned yourself a new follower 🙏🏻
Very true 😅😅but sad reality
Thank you bro, God bless you
If you properly manage risk, AKA trade size, there are literally opportunities every single day. I'm only going full size once or twice a week. but 20% size for a scalp when its a 2:1 or a 3:1. You may not take a full size position everyday.
No position is a position
One very good advice and well appreciated
That is why you need at least 5 stocks to trade.
Nope. I master only two pairs and wait for setups
Than you are a slave for those stocks my boy @@edosiookeoghene2955
I love you my brother for these massage
hes 100% right but this is an exception to all options writers
This is legit honest advice for noob to learn about Market opportunity ❤
Thank you❤❤
Love your ideas Thanks a lot wish I can do better then burn all my money right now 2000-100😢
Thanks!
You can trade everyday only when you see your set up, but overtrading everyday, man if that’s not a bad addiction i rather smoke a rock than overtrading
I have this bad habit, i need this vid as a reminder
Best youtube mentor thankyou for all of your vidoes
I appreciate this message
That is why passing a prop firm is hard, with only 30 days to pass then you have to push yourself to trade as you have deadline to pass the challenge.
I almost trade gold everyday, just finding good 1 or 2 setups.
I trade gold every morning as well from 6 AM to 11 AM. It’s literally life-changing.
Good thing bro! But there’s always opportunities somewhere else besides your watchlist that you can get 10-300+ percent. Just gotta be careful
A Day Trader's budget determines how often a day trader needs to trade etc
Example
Write down your total living expenses for the whole year which will give you a figure
Then write down your day trading balance
Eg if you can live on 10k living expenses and you have a 100k day trading balance
You only need to make 1 good 20% trade per year which is easily possible when trading options etc
Another example
If your monthly living expenses are 2k
And you have a 5k trading balance you only need to make 5 x +10% trades in
20+ day trading days in the month etc
Sideways trading days are one of them.
@1stPl4ceJay Right! Just have to take higher risk to buy the tops and bottoms during those days.
you made me realize shit so many times much appreciated
That is not how its works,you have trade every damn single day ,if your trading setup comes.that is when probability curve starting to work.if your trading setup not comes every day you shouldn't trade that day.
I dont trade on following situation
1) opening of the market at 9:15
2) market is not volatile
3) volume is not upto the mark
4) buying or selling signals not meet like candle stick paterns, analysis of trade entry, , risk calculation, benefit calcultion
5) waiting for tiger to identify prey to eat... We need to wait for chance to meet our goal
6) last day of entry after 2:00pm it's pure risky
7) etc
I like this guy here fr
Great advice!
Big facts ✏️📓📈✅
As a person just starting I've heard the same message from a professional trader. But I also see from other people trading on a daily basis using different strategies. So I'm kind of confused
Best advice ever❤❤❤
You're just speaking as if you know my problems .
I have been forcing trades and it has been affecting my trades
Cool vibes only - Xeventy's presale is the talk of the town.
I actually learn that after trading everyday. The market is sideways most of the time. Bad time for trading
When in day off, use demo account
THIS IS SO DAMN TRUE!!!!!!!!
Thanks.
It’s okay to stay cash haha. I feel like it’s depreciating when I have cash for more than 5 minutes
He is talking from a Swing trader perspective, there is opportunity for a naked chart 5min scalper everyday
Best advice
Just buy on the low days and sell on the high days
This guy is literally talking directly to me
On point 👌
u dont have to trade everyday but u have to sit in front of screen and c charts everyday in trading hours
You don't have to trade everyday but u could. There's opportunities everyday in the market. I went from $13,000 to $40,000 in less than a month trading everyday and still doing it. I trade SPY Monday to Friday & TELSA on Fridays only and I stick to that plan. I take what the market gives me and get out. To a beginner find 1 stock u like to trade and stick to it so u get familiar with it. Dont be all over the place.
I get trading opportunities every day, at least 4 good ones.
I trade every day, as a scalper
Super. Another self proclaimed guru who will never trade live with real money on the line....
Everyday is not a trading day best trade is when you have no trade 🎉
You have to loose tons and tons of money just to realize that. 😢
It's a good advice, but how much profit you can take from the market
If u trade as a individual ur lost computers do all trades i.e write some codes make the computer do those trades .Also if u cannot apply economies of scale to those trades u dont have any tradez u should have 10s to hundreds of automated trades at shorterm preferably if u dont have just stop trading.
You can trade everyday just be ready to break even if doesn’t move when you want it to move
Market has opportunity everyday if don't have the skills to find it than it is not market problem.
How to know that a particular day is not for trading. I tend to trade everyday and almost make loss everytime. Even if I make profit, that's very low because I exit my position very early because of fear.
did u have a plan, and did u stick to that plan
read more books,most of the trading books follow the same pattern which they prioritize managing Fear and Greed,they will help you to control that