This video is GOLD!! After years of self doubt and comparing myself to other traders, I’ve cut out 95% of my social media/ FinTwit feed in 2020.. (Clay, you made the cut my dude). It’s helped keep me focused on my individual trading style and what I do best... and it’s paying off. Just do you!
Thank you so much for this video! I have very small P&L daily goals right now because I am trying to build a process and consistency before sizing up. Seeing all of the large P&Ls posted induces some self doubt, but I constantly remind myself that I am just starting out and the most important thing to me is process and risk management. It’s nice to see that someone I consider successful also focuses on the same things. I feel psychology is the most important part of trading, anyone can click the buy and sell buttons, but success is found in the “why.” Lastly, how you deal with loss is probably the most important thing. Thanks again Clay.
Good teaching Clay. I have come to the realization this week that I need to stay focused on my plan and not allow myself to become distracted by what everyone else is doing or achieving. Thanks.
Thanks for sharing Clay. I was suffering that exact situation with social media and started imposing unrealistic expectations on myself based on the results others were getting.
Most green day's 👌🏻 For two weeks I've been concentrating on making "good trades" (currently only have a small amount available). I've been on the market after work and just working on good entry and exit points, sticking to plans etc. If I only make a dollar or two here and there that's fine - I'm getting into good habits and risk management. Once I've got larger funds available again, my goal is for all this "practice" to make itself count. So today that $4000+ is a lot to me. But hopefully soon it won't seem so far off. Yet again, another top drawer upload. Thanks 👍🏼
Hi Clay, first of all, I want to thank you for giving so much value and for your transparency. A couple of questions and suggestions; 1.) Why do you say Robinhood is terrible? I think you should do a video reviewing all 3 platforms (Lightspeed, Webull, and Robinhood) if you haven't done so. That's another idea for a content topic. 2.) Do you have a video on how to decide the best stocks to pick? If not can you please make one? 3.) Do you trade cryptocurrencies? Why or why not and if you do, what are your tips? 4.) What are your thoughts on these names people keep dropping all over the internet like Jeff Brown, The Gardner brothers (Motley Fool), and Jason Bond? (Potential vlog content)?
if you're interested in "talking stocks/trading in general", that's the entire idea behind my private trading community (which you are welcomed to join) which you can find here claytrader.com/team/
Clay, thanks for the video. I had a great opening morning Thursday, made over 1000 dollars in the morning panic. But I screwed myself the rest of the day one bad trade after another. I was able to pull myself away from the computer and be happy I was green for the day yet but lost 500 in bad trades. I appreciate what you said. Good tips!
On my leveraged account I try to go for 1% a day over the non-leveraged amount, it's not much but that prevents me from getting too greedy and start making mistakes
difference between you and other youtube traders is strategy.... same goes to my style and yours, and the next person etc... some people find themselves more comfortable trading low floats, other big caps etc. Once you force yourself to trade like someone else you will fail. I've commented before in other videos about risk management in some trades, but honestly my risk management may differ from someone else. So it's not about "that guy made 10x more" it's all relative to your comfort, your mindset, your trading style, I mean worst you can do is trade in an uncomfortable way (big size un extremely volatile stocks) because then you lose mental clarity as you change your mindset from trading a strategy to now trading a P/L
hi Clay, firstly thanks for these brilliant lessons, for me the psychological part is the biggest hurdle and and your frank and sincere explanations resonate with me,, as they do with many others i'm sure, ... i just wanted to understand, is this still a 'side hustle' for you or are you a full time trader. i thought u had transitioned into full time.
Clay this video was extremely helpful. I signed up for your course and I’m doing the robotics training now. I do have a question. Do you have a video where are you show your profits for a consecutive period of time say six months or a year? If you don’t, that’s fine, like I said I didn’t need it to buy your course to begin with. However, since were on the topic I’d like to know if you do have such a video.
if you're interested in "talking stocks/trading in general", that's the entire idea behind my private trading community (which you are welcomed to join) which you can find here claytrader.com/team/
I think, the only reason profits are at 10% high is because Clay doesn't trade the whole day. How much could you make Clay if you traded the whole day?
My biggest trading improvements came when I unfollowed all the P/L porn on twitter/Instagram. It made me feel lesser than despite there being a 10+ year experience difference in me vs the other person in the markets.
If you're consistently green, you're already doing better than 90% of people day trading out there lol. A $2000 green month every month is better than a million dollar month followed by a 998 000 dollar loss.
![How to Grow Your Trading Account by Losing Money [let me explain...]](/img/n.gif)
This video is GOLD!! After years of self doubt and comparing myself to other traders, I’ve cut out 95% of my social media/ FinTwit feed in 2020.. (Clay, you made the cut my dude). It’s helped keep me focused on my individual trading style and what I do best... and it’s paying off. Just do you!
Glad it was helpful!
Thank you so much for this video! I have very small P&L daily goals right now because I am trying to build a process and consistency before sizing up. Seeing all of the large P&Ls posted induces some self doubt, but I constantly remind myself that I am just starting out and the most important thing to me is process and risk management. It’s nice to see that someone I consider successful also focuses on the same things. I feel psychology is the most important part of trading, anyone can click the buy and sell buttons, but success is found in the “why.” Lastly, how you deal with loss is probably the most important thing. Thanks again Clay.
Cheers and thanks for watching!
Good teaching Clay. I have come to the realization this week that I need to stay focused on my plan and not allow myself to become distracted by what everyone else is doing or achieving. Thanks.
well said!
Thanks for sharing Clay. I was suffering that exact situation with social media and started imposing unrealistic expectations on myself based on the results others were getting.
It's a risky place to be for sure!
Appreciate the insight. It makes it easier to focus on yourself and not others.
Yup, I agree... hard to do at times though
Thank you for the Pep talk.
Keep doing your thing, its obviously is working!
Enjoy your channel and your teachings
Cheers
Much appreciated
Good video man! Struggling with this
stories in english
1 second ago
GOOD TRADER IF YOU LESSING STORIES OLZ SUBSCRIBER ME
hope this helped then!
@@claytrader yes it did honestly i come to realize that we are our own biggest enemy.
First? On ClayTrader? It’s an honor... Thanks for the advice Clay!!! 👊🏻
stories in english
1 second ago
GOOD TRADER IF YOU LESSING STORIES OLZ SUBSCRIBER ME
Boom!
Appreciate your transparency 🙏🏼 I’ve been feeling a lot of the same things lately.
Thanks for watching
Thanks Clay. Lots of value in this video. Keep it up.
Thanks for watching!
Excellent way for staying confident on our results!
Yes! Thank you!
Most green day's 👌🏻
For two weeks I've been concentrating on making "good trades" (currently only have a small amount available). I've been on the market after work and just working on good entry and exit points, sticking to plans etc. If I only make a dollar or two here and there that's fine - I'm getting into good habits and risk management. Once I've got larger funds available again, my goal is for all this "practice" to make itself count.
So today that $4000+ is a lot to me. But hopefully soon it won't seem so far off. Yet again, another top drawer upload. Thanks 👍🏼
cheers and keep on grinding!
Nah man you are not terrible, solid advice about distraction and focus. Thanks
Thanks
This is something I've dealt with my self..
stop looking at social media and comparing your self to other traders
well said
your crushing it clay! that is a crazy return! i am thinking about joining.
Thanks (and I hope you do!)
English and sign language both... Appreciate it clay 😃
cheers
Great video! I would love to pull your success rate, as I am just beginning. I appreciate this video, the struggle is real!
Glad it was helpful!
Hi Clay, first of all, I want to thank you for giving so much value and for your transparency. A couple of questions and suggestions;
1.) Why do you say Robinhood is terrible? I think you should do a video reviewing all 3 platforms (Lightspeed, Webull, and Robinhood) if you haven't done so. That's another idea for a content topic.
2.) Do you have a video on how to decide the best stocks to pick? If not can you please make one?
3.) Do you trade cryptocurrencies? Why or why not and if you do, what are your tips?
4.) What are your thoughts on these names people keep dropping all over the internet like Jeff Brown, The Gardner brothers (Motley Fool), and Jason Bond? (Potential vlog content)?
if you're interested in "talking stocks/trading in general", that's the entire idea behind my private trading community (which you are welcomed to join) which you can find here claytrader.com/team/
@@claytrader Alright, thank you.
@@Uzodesign you're welcome
Thanks for sharing this with us Clay, a great lesson.
Glad you enjoyed it
Clay, thanks for the video. I had a great opening morning Thursday, made over 1000 dollars in the morning panic. But I screwed myself the rest of the day one bad trade after another. I was able to pull myself away from the computer and be happy I was green for the day yet but lost 500 in bad trades. I appreciate what you said. Good tips!
Thanks for watching!
Great video Clay.
Thanks 👍
Good job dude that's 10 % more than a lot of other ppl.
Thanks
Why did you buy against the trend? Price action confirmed by the long red candle, short position and then scalp, no?
Against the trend? It was a massive gap up....
You're a bad ass, man!.....*Subscribed*
welcome to the channel!
He's right, sometimes it's better to get your gains in a safe way ,rather running risk for unsustainable possible gains.
Yup.... exactly
On my leveraged account I try to go for 1% a day over the non-leveraged amount, it's not much but that prevents me from getting too greedy and start making mistakes
Do what works for you :-)
Question, can you look at this info on webull as I'm trying to find it but can't thanks
Yes, it'd be in your account statement area
difference between you and other youtube traders is strategy.... same goes to my style and yours, and the next person etc... some people find themselves more comfortable trading low floats, other big caps etc. Once you force yourself to trade like someone else you will fail. I've commented before in other videos about risk management in some trades, but honestly my risk management may differ from someone else. So it's not about "that guy made 10x more" it's all relative to your comfort, your mindset, your trading style, I mean worst you can do is trade in an uncomfortable way (big size un extremely volatile stocks) because then you lose mental clarity as you change your mindset from trading a strategy to now trading a P/L
cheers
ok nice yes sir good work.
Thanks 👍
you were lucky for that outage at 11 and 12, both were terrible bearish days!!
I like bearish days because of this claytrader.com/videos/shorting-going-short/
hi Clay, firstly thanks for these brilliant lessons, for me the psychological part is the biggest hurdle and and your frank and sincere explanations resonate with me,, as they do with many others i'm sure, ... i just wanted to understand, is this still a 'side hustle' for you or are you a full time trader. i thought u had transitioned into full time.
This should explain claytrader.com/videos/how-i-make-money-my-9-streams-of-income-including-cows/
Your awesome Clay!! I started trading because of the mindset that you helped me establish when it comes to trading! Thank you!
Great to hear!
I used to Self Doubt. Now I expect the prices to drop every time I buy
bummer
Clay this video was extremely helpful. I signed up for your course and I’m doing the robotics training now. I do have a question.
Do you have a video where are you show your profits for a consecutive period of time say six months or a year? If you don’t, that’s fine, like I said I didn’t need it to buy your course to begin with. However, since were on the topic I’d like to know if you do have such a video.
Come talk in the chatroom. That's the best place for all these type of discussions.
ClayTrader
Perfect. I’ll see you there soon! Thank you.
@@Broabeluciano cheers
Is TD Ameritrade or Tradestation good?
I recommend claytrader.com/videos/the-stock-trading-platform-for-traders-on-a-budget-best-app/
Imma need this for tomorrow
Hope it helps!
Do you take into account taxes??
Sure, at the end of the year.
Good stuff.
Glad you enjoyed it
@@claytrader just out of curiosity, how much did you average per share last month?
@@reggies8732 average per share? i have no idea
Thanks Clay,
Thanks for watching
Thank you Clay
Thanks for watching!
Hey Clay, What was the mentality on going short on BA yesterday? Just Curious. Appreciate your videos.
if you're interested in "talking stocks/trading in general", that's the entire idea behind my private trading community (which you are welcomed to join) which you can find here claytrader.com/team/
I think, the only reason profits are at 10% high is because Clay doesn't trade the whole day. How much could you make Clay if you traded the whole day?
not sure
“HI” has been on the blackboard for a while now
And it's never going away lol
I thought you were a full time trader? A video to manage trading and a full time job at the same time would be appreciated
No, I have many streams of income claytrader.com/videos/how-i-make-money-my-9-streams-of-income-including-cows/
dont know why, but i always hear traitor instead of trader...
i don't know how to talk, so you're probably right lol
Finally consistent after 3 years. Still have self doubt.😅
Congrats on reaching consistency. Are you Full time?
Congrats!!
2020 Trading If you call 4 am to 830 am full time then yes. I work from 10 am to 6pm pacific, so I have the best hours on the morning to trade.
johncoruna TY
i don't think it ever goes away totally
The only person you can compare yourself to is yesterday's you.
well said
Ahah new kinda thumbnail alert Clay!?????
I don't think so? I've been trying to change up thumbnails...
ClayTrader I like, it’s very appealing 👍
First!
congrats!
My biggest trading improvements came when I unfollowed all the P/L porn on twitter/Instagram. It made me feel lesser than despite there being a 10+ year experience difference in me vs the other person in the markets.
I try to avoid it, but sometimes things still show up in feeds.
Lucky you that you were not in a trade when power failed 😁
Very true!
I am glad that I don't have FB or Snapchat shits to compare myself.
A beneficial thing for sure.
If you're consistently green, you're already doing better than 90% of people day trading out there lol. A $2000 green month every month is better than a million dollar month followed by a 998 000 dollar loss.
Good point!
Bro don’t become a photo model that thumbnail look like it was take by my 5 year old
I have no idea what you are talking about... but thanks for the feedback!