Join the Humbled Trader Community👉 bit.ly/yt20240314 📧Sign up for Free stock watchlist: www.humbledtrader.com/free 📈 Follow my Investment Portfolio on Blossom- bit.ly/3DyHuaF
@HumbledTrader - Shay, I notice that you are placing trades worth $50,000 to $300,000 in your demonstration videos. How much do you need in your margin account to make those trades?
I used to freeze up and completely miss the trade so now I automate my entry so it takes out the emotions. If i'm anticipating a pivot off of a key level then I will layer orders into that level for a starter only. Then I will layer stop losses on the other side of that level for only half of the starter position. If my thesis is correct and everything works out then I add full size after it retests that level and fails to follow through. I force myself into the trade but if i'm wrong then my starter will be cut in half then I can close the rest out manually. I only do this on mid and large caps.
Im using a prop firm where they say if im down $200 my position gets closed automatically. This is all while I have to make $4200 in 45 days lol. 50% of my income is profit, and the other 50% are losses from trying to time the market right lol. Trading execution is very important even without prop firm rules so this should be a great video going in
The ifs though don't have to be a long list ...the longer the list actually the likely it is for a trader to hesitate...a minimum of two entry criteria are enough..Simplicity is the utmost sophistication someone said...and I beleive this is very true in a field as complicated as trading...Simplicity is key...I keep my chart clean..no indcators whatsover..mmm maybe a trendline but not always...but again as you said it depends on whatever instrument or market one is trading...
Hey Shay!!! Been watching all the videos and saving up to join Humbled trader, some things I haven't been able to find out here and would love to see is what does your Trading journal look like? How do you structure it to backtest, and critique yourself before moving forward. Would really appreciate it. Thanks!!
Hey, Humbled Trader! This video couldn't come at a better time 😅I've been watching and studying your videos for over 6 months now, watched everything, BUT I do have indecisiveness issue.. Often times I wait too long for confirmation and by the time I do get in, the move goes against me 😔So I would be forever grateful if you could share your thoughts on these: - How long do you personally wait for confirmation on your thesis? (Is it until 1/2/5 minute candle forms?) - Do you usually enter a trade right at the open? (9:30 am) Or do you mostly wait for confirmation? What would you suggest? - Percentage wise, when do most your trades place in the day? 9:30-11? - Can you shade light on stop loss orders? Should we, beginner traders use them? Actual live stop orders? Or better to use mental stop order level because MM will stop hunt your actual stop orders? Thank you again for everything you do 🙏💙
Depends on whether ur going long or short, a general confirmation is to wait for the key level retest after the breakout or breakdown. Knowing when your entry typically happens based on statistics helps too. You can check out my backtesting tutorial video
I think you should put the lower monitor closer to the table, using a table mount. Or maybe just set it on the table, so that the upper monitor can be closer to your eye level. I cant imagine how my neck would be if I have to look at that upper monitor for hours per day.
The BIGGEST reason why most traders fail is because of POSITION SIZE ... Next time you trade, just try cutting your position size in half and see how much your P&L will grow .. Thank me later ..!
Thank you! I would be interested, how you manage your long- term portfolio. Since I live in germany, I can not access the blossom app. How do you decide on which stocks to own long term? How are your entry and exit and position sizing criteria?
Do you think it is possible for a day trader to succeed without a margin account and making daily trades that don't exceed 30% of total trading budget since it takes two days for sold trades to clear?
401k and things like that? Currency notes we hold.of theirs to get the coinage and precious metals and machineries and stores goods.. .. ok cool.. sized enemy currency assets and holdings and posessions.. wondeful thing to recycle where possible. Lol.
Then it is that I am to marry the youngest so thst the money is held between us the longest and she be wisened by age and responsibility if it is that I die old like feisel. And she may grow into filling my needs as a man as she wills and then her older sister be 2nd wife if she is old enough, to understand my needs as a man and King and the younger wife and our happiness as she grows.. their mother? Or motthers.. .. apparently know how tto give birth.. so tthe it is that I must marry her and give the queens a sister of my own blood so our famikies be bonded by blood snd they not deny their sister and will grow friendly together.
I wrote more of the proposal, but the screen flipped to another video, and secure and private would have been violated.. inform my spouse Ellen D. Teddy about it also. And have her send the proposal and gifts traditional. Thank you my love.. tell me if they are friendly and fun and do my other daughters get along with my other wives.. tell them not to be a bad influence on them, nor a stick in the Mud.
![ละลาย (LALALYE) - DAOU PITTAYA ต้าห์อู๋ พิทยา [OFFICIAL MV]](http://i.ytimg.com/vi/wo6r9TgausI/mqdefault.jpg)
Join the Humbled Trader Community👉 bit.ly/yt20240314
📧Sign up for Free stock watchlist: www.humbledtrader.com/free
📈 Follow my Investment Portfolio on Blossom- bit.ly/3DyHuaF
@HumbledTrader - Shay, I notice that you are placing trades worth $50,000 to $300,000 in your demonstration videos. How much do you need in your margin account to make those trades?
You've improved my trading so much you have no idea. Thank you for putting these videos together for us.
Hahahaha 😂
Thanks! I learned a lot from your interviews. Please interview more swing traders because most people are NOT day traders.
This is exactly what I am struggling with & was thinking what to do to be better…
Thanks a lot for showing direction.
@ 10:04 she shows a breakout to the downside from a triangle pattern, very good confirmation.
I am struggling with this right now, this has helped me a lot to make my mind much clear. Thank you for sharing all your knowledge.
Thank you Shay ( great Humble Trader ) for Blossom app. I have downloaded and will use the app. hope to become a Angle investor following your success
I really like your philosophy about having an entry area
I used to freeze up and completely miss the trade so now I automate my entry so it takes out the emotions. If i'm anticipating a pivot off of a key level then I will layer orders into that level for a starter only. Then I will layer stop losses on the other side of that level for only half of the starter position. If my thesis is correct and everything works out then I add full size after it retests that level and fails to follow through. I force myself into the trade but if i'm wrong then my starter will be cut in half then I can close the rest out manually. I only do this on mid and large caps.
Very good video, thank you
Im using a prop firm where they say if im down $200 my position gets closed automatically. This is all while I have to make $4200 in 45 days lol. 50% of my income is profit, and the other 50% are losses from trying to time the market right lol. Trading execution is very important even without prop firm rules so this should be a great video going in
The ifs though don't have to be a long list ...the longer the list actually the likely it is for a trader to hesitate...a minimum of two entry criteria are enough..Simplicity is the utmost sophistication someone said...and I beleive this is very true in a field as complicated as trading...Simplicity is key...I keep my chart clean..no indcators whatsover..mmm maybe a trendline but not always...but again as you said it depends on whatever instrument or market one is trading...
Thanks for your commitment to helping fellow traders. Your accent and personality makes the videos more interesting to watch. :-)
I appreciate that!
Many thanks Shay!!!
Great video Shay! You always deliver great content. I feel a lot more confident now!
🙌
I hope one day,i can meet u up to say thank you directly for how your education tips its helping me
🙌
Thank you so mụch...
Hey Shay!!! Been watching all the videos and saving up to join Humbled trader, some things I haven't been able to find out here and would love to see is what does your Trading journal look like? How do you structure it to backtest, and critique yourself before moving forward. Would really appreciate it. Thanks!!
Thanks Shay, i've been waiting for this
No problem!!
Great video
Hey, Humbled Trader! This video couldn't come at a better time 😅I've been watching and studying your videos for over 6 months now, watched everything, BUT I do have indecisiveness issue.. Often times I wait too long for confirmation and by the time I do get in, the move goes against me 😔So I would be forever grateful if you could share your thoughts on these:
- How long do you personally wait for confirmation on your thesis? (Is it until 1/2/5 minute candle forms?)
- Do you usually enter a trade right at the open? (9:30 am) Or do you mostly wait for confirmation? What would you suggest?
- Percentage wise, when do most your trades place in the day? 9:30-11?
- Can you shade light on stop loss orders? Should we, beginner traders use them? Actual live stop orders? Or better to use mental stop order level because MM will stop hunt your actual stop orders?
Thank you again for everything you do 🙏💙
Depends on whether ur going long or short, a general confirmation is to wait for the key level retest after the breakout or breakdown. Knowing when your entry typically happens based on statistics helps too. You can check out my backtesting tutorial video
Something I was searching for a long time ❤
Just the video I needed, thank you so much!
Glad it helped!
1nd to comment, its always nice to see your trades HT, and sharing your trading strategy, GL
🙌
thx so much keep it up
Can we see your IB agreement with the brokers you are promoting? So we may see what your kickback is for getting people to sign up?
I am impatiently waiting for your smile. Thank you😀😀
Very helpful 🙏
Very good
Thanks
I think you should put the lower monitor closer to the table, using a table mount. Or maybe just set it on the table, so that the upper monitor can be closer to your eye level. I cant imagine how my neck would be if I have to look at that upper monitor for hours per day.
loving the 80’s soundtrack haha
Thanks!🎉
Ever use the reverse position button/hot key on IB....... if so how did you find rhe execution speed...?
hello, why didn't you use stop loss when nvidia broke wvop and went up, when were you planning to use it ?
thanks for the video
I like when u say strategy
this a great video 👍👍👍
The BIGGEST reason why most traders fail is because of POSITION SIZE ... Next time you trade, just try cutting your position size in half and see how much your P&L will grow .. Thank me later ..!
Cutting your position size will not give you profitability
@@KC-xn4okit’s about risk to reward my G✊
Not the BIGGEST reason at all. If you don’t have a profitable strategy you’ll lose no matter what size you trade.
Do you short stocks most of the time? And why?
New Trader in Canada! What platform is everyone in Canada using?
Thank you! I would be interested, how you manage your long- term portfolio. Since I live in germany, I can not access the blossom app. How do you decide on which stocks to own long term? How are your entry and exit and position sizing criteria?
Check my video on investing 😁
Which market you actually trades and win ?
Canada or New York
This video was so helpful could we get more swing trading content
Sounds good!
How do you have access to premarket data?
Do you use Finviz?
I use nabtrade I do not think Australian stock market has any premarket.
Do you think it is possible for a day trader to succeed without a margin account and making daily trades that don't exceed 30% of total trading budget since it takes two days for sold trades to clear?
很棒 先赞后看
when are u going to release ur trading bots?
Hi there are you in Canada
A 10% gain in 10 minutes is wayyyy better than a 50% loss in 2 days ... esp with compounding
I joined the the community
Good morning ,I don't know your number
I love you 💕
at 6:51 i see it more as trading in a range and then it breaks out of that range.
🙋🏾♀️ me! I freeze.
crazy trader
"I appreciate a gentle tap... On the like button" 😑
Where is bao’s podcast
Not out of the binding of wedlock either.
Please interview Qullamaggie
This is me 😂
Stuck in an overnight $5k balls-deep in the red
NVDQ
You're welcome 😂
401k and things like that? Currency notes we hold.of theirs to get the coinage and precious metals and machineries and stores goods.. .. ok cool.. sized enemy currency assets and holdings and posessions.. wondeful thing to recycle where possible. Lol.
Then it is that I am to marry the youngest so thst the money is held between us the longest and she be wisened by age and responsibility if it is that I die old like feisel. And she may grow into filling my needs as a man as she wills and then her older sister be 2nd wife if she is old enough, to understand my needs as a man and King and the younger wife and our happiness as she grows.. their mother? Or motthers.. .. apparently know how tto give birth.. so tthe it is that I must marry her and give the queens a sister of my own blood so our famikies be bonded by blood snd they not deny their sister and will grow friendly together.
Yes no trader ever went broke taking their profits.🤑 Thanks Humbled Trader enjoy your weekend. I Smashed the Like button as always.H.T.
❤😂😮😅🎉
I wrote more of the proposal, but the screen flipped to another video, and secure and private would have been violated.. inform my spouse Ellen D. Teddy about it also. And have her send the proposal and gifts traditional.
Thank you my love.. tell me if they are friendly and fun and do my other daughters get along with my other wives.. tell them not to be a bad influence on them, nor a stick in the Mud.
😍💖💪👍
Your sre so cute
All rubbish..see what s&p did that's reason it tanked there was economic news
She covered that @ 2:43/ news catalyst...
thx
�� Cheers Shay!
🥂
Then show the withdrawal
@Hum_bleTrader__ 😘
@humbledTraderOfficial are you in on PBM ? Exciting Canada company