Get ready to comment down below your key takeaways from this podcast with Steven Dux! I'm very inspired by his stats tracking methods and his unique reverse psychology mindset 📝📖
There is a pattern I noticed about successful traders. They are always super humble. They are NOT over confident. They're not trying to win an argument, they're trying to learn and constantly getting better at their art
5:40 Engineering background 8:50 Beginner’s luck 30:00 DWAC 32:00 3-4 trades a month 34:00 Scaling in and out 38:00 Overtrading 40:00 44:00 Routine 49:00 Trading is NOT for everyone 52:30 Diversifying 54:40 Hedge fund
Everyone has different risk tolerance. The point of the video isn’t for you to copy him but to learn his process and take bits and pieces to improve your own trading
he knows his setups inside and out and knows his probabilities before entering his trades. if he doesn't, he doesn't take them. the average trader is not that rigorous
Thank you humble traded! Steven is an absolute gentleman and obviously a very bright individual, he deserves every cent he has made. Congrats Steven on your success and sharing your knowledge with us!
no man this dude is no BS, you can tell this kid got it down, he has nothing to sell he already made it, he has no reason to lie. I watched lot of traders they try to sell something but this kid no, @@cjack202003
@@cjack202003 indeed and the sound of inconfidence when ask about what his family thinking of him ...that shows he is also struggling in trading...higher uncertainty then certainty i would say
Wow, based on his mindset and approach, Steven seems to have a brilliant mind! Being wildly successful at such a young age in this most challenging industry is unheard of! I am blown away!
When he said $17mil position I had to pause the video for a good 5 mins and try to comprehend what down ticks must have looked and felt like in real time 😳 would require insane level of nerves! Great interview 👏
$1..$50....$100....$17 mil......all the same when you already got a shitload of money and can make phatazz trades.....i've heard crazy figures often. Same as on binary options once you get over a certain amount you dont have to trade for pennies and worry much about blowing accts
This guy knows his stuff! His engineering skills and knows statistics definitely gave him the advantage! And most people, buy and sell blindly. 😂 he sounds humble too! Great interview!
its almost as if engineering helped him get an edge, I come from marketing and looking at excel sheets and crunching numbers all day defo helped me get over alot of issues people encounter
First of all, thank you Shay for this awesome podcast! I am sure within a few weeks this video will become one of your most watched. Be the story once reviewed both of your education offerings and said your's more towards beginners (easy to understand and easy to follow) while Steve's are more advanced. I can see why after watching this video. One thing is that you both agree on the psychology part of trading but Steven went on building the strategies of the psychology thinking along with the data. That is truly on another level.
I didn’t know he started to help his family. That’s a good son. I’m glad he’s having success and hopefully his parents don’t ever have to worry about money. In the end…that’s all our hope. Help our family.
Please carry on these interviews. Especially questioning on the trade techniques and worse trade. It's definitely much more content beneficial then winning trades.
Finally Shay interviewed Steven, I have waiting this video for a long time. Awesome, Shay....I love your videos and Steven 's videos as well, both of your videos have inspired me to trade stocks to get profits.
great job on the interview. I know it was a challenge to get the information out of him, but you did it! And you deciphered it so we could get more clarity to his subtle genius. I would love to get more details on his tracking methods
This guy had engineering background and have a vast knowledge on statistics calculations and safety reliable guising to come up with minimal loss or errors,statistic calculations,standard deviation is not enough but the right data to feed in for stat-calculations does make it effective,just to say trading is not for everyone.
"Perfect is the enemy of done." This is why most of us don't get started with things we want to do. Kudos to her for not having everything perfect, but getting good content out there anyway.
Amazing content Shay! This young lad is extraordinary. I started profiting in trading after 3 years of studying on my own. Even until now, I take profits early within the range of 1-2 percent. However, I am happy with it and it suites my style. I think every trader has his or her own style, there level of risk, and psychology when it comes to trading.
I really appreciate the dedication in each video you post. To be successful one has to have multiple income streams and so on, also investors should understand the crossover between asset classes & liquidity flow, joanna claire focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. Her skills set is top notch
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed Broker and a FINRA AGENT in the United States.
This channel is evolving brilliantly. These interviews have really got me tuned in again and I love it. I also have to admire the boldness of Shay. What an inspiration and appreciate her inclusive energy. Nice work.
@@HumbledTraderOfficial You're a great trader and I truly admire you deeply. I try so hard as an elder women who was never expose to a good education and you younger people have taught me so much. You're light years ahead of me, but I keep trying to keep up with you everyday. So grateful for the internet and all we get to learn by others.
This guys risk tolerance is beyond amazing. The strategies he used is okay, he just understood very fast the market. But his risk management and tolerance is sooooooo amazing and suicidal at the same time😅😂
Munger and Buffett have both achieved an incredible feat with Berkshire. They've turned thousands to billions, and have made a lot of people wealthy in the process. I really saw the potential of the stock market by reading Berkshire's annual letters. I recently sold my $674k apartment in the Bel Air area and I'm hoping to throw it into the stock market. I just don't want to lose everything.
Thanks for the interview. So crazy, how someone so good at small caps, can be so wrong about big caps, and think he could bring the same strategy as a hedge fund. My fave part is when he talks about overtrading and how costly it is to profitability
*I didn't become financially independent until I was in my late 40's, and I'm still in my 40's. In addition to having purchased my second home and earning money on a monthly basis through passive income, I've also achieved three out of five goals. I just hope this inspires someone to realize that it doesn't matter if you don't have any of these things yet, you can start today no matter your age. Change your future by investing! I made a rather big decision by investing in the financial market.*
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence she helped a lot to grow my reserve notwithstanding inflation, from $275k to approx $850k
A lot of people would actually be better at trading if they have commitment. But then everyone just tries to make profit without proper researches, which often ends up in unavoidable losses.
39:00 I've found a good pattern/strategy that works for me, doesn't happen very often so, this is exactly how I prevent myself from forcing trades. I look at the expected return over one year and I keep the results on my chart and this is working for me 100% now, more relaxed waiting for my entry signal and if it's a loss I keep it within my expected loss...I guess I'm on the right track lol
i'm a full time retail trader for over 18 yrs. his trading experience is quite exceptional. little scary! i feel pretty pathetic that it took me 5 yrs to break even!! lol
In my 3rd year and I was profitable before than now. Isn’t that funny? I was aggressively making money but couldn’t keep it, now I’m playing too safe and either making a little or losing slowly. The reason why I believe it takes 2-3 years for someone and 5-10 years is very similar to also getting rich. There are guys making millions but it takes them 60 years and there are guys making a million a month. In trading if you play defense specially if you are trading with small amounts then you probably lose in the long run. Exponential bet sizing changed my trading forever. Aggressive on best setups and accept occasional withdrawn.
For me, once I started actually using my levels, and not just putting them in the chart, trading became more of a process, and waiting for those levels gave me better entries/exits. So once the candles hit my setup, I know I’m out at a certain level, sometimes I do leave some profit in the table, but I find I balance out, and my risk is set. If I miss the entry and the risk becomes to much I just wait for another setup to come around or not 😂
Yeah! I'm really struggling to read charts, watched an almost 2 hour tutorial on how to trade options, but I still don't really get it. I really want to learn how to properly do it. I have about $110k set aside to create a good portfolio. I'd appreciate any reliable inputs.
t's not that hard. The strategies are just rigorous for the regular-Joe but are most successfully carried out by pros who have had a great deal of skillset/knowledge
This is the problem! Most times people with little or no knowledge of the market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name Eleanor Johnston Sorensen and everything changed. In in the first quarter of this year i made $370k and counting
Successful trading is all about knowledge, experience and discipline, and you can achieve these virtues from anywhere with access to the markets. You can go anywhere and do anything you want, and still bring home money. What's better than going on vacation AND making money?
He must have over head computers and have been looking up at the screen for hours and hours , those are his battle scars! It paid off, having an engineering mind helped out a lot
How much time do you have to watch trades full market day? How many trades do you want to take, how much time do you have for research, planning set ups, algo or software to get in and out quickly, patience level, so much more...What ways can you make the process efficient for yourself, etc
Always trial run with a fake, or paper trading account. It can be for anyone just as long as you trade to your personality. For instance if you get tired of looking at charts after 2 hours then only trade for 2 hours. If you can't get out of a losing trade on your own then don't worry, just set a stop loss. You learn a lot about yourself when trading 😊
if you can accept uncertainty, if you feel this is better than your job, if you can accept instability (you make money and lose money - you gotta manage it - the key is to make more than losing), treat it like a business (losses is your business expense). It's not for anyone who can't risk money and still sleep well. The good news is, you can always do it part-time no matter what job you have.
Hi, Would someone be able to explain the concept he explains starting around 20:00 mark - "Multiply volume with the average traded price on that day to understand the threshold for which retail traders can pour in to that stock and once it reaches the maximum, then that means the stock will go down next day"? How would we know what that threshold is? If someone could enlighten me or provide additional detail here would be much appreciated! Retail investors are limited to the 'Float' Insiders and Institutions are typically separate but form the balance of the shares outstanding. If 7 million bagholders bought the stock at $10 out of a 12 million Float, then 5 million might still be trading the stock at a lower price. Assuming the 7 million step back in to sell when the stock hits $9 or higher, is a reasonable guess, but there is on 5 million float left to sell to. Once they bought at $9+-, that still leaves 2 million holding which would keep downward pressure on the price. So theoretically it would take a 7M @ $9 (63M) dollar value to be traded before 'fresh retail' investors can come in. This is my best guess. Suggestions? Shay? Steven?
In my taxable account I went into dividend investing route. In my Roth I did the buy and hold route with an S&P 500 etf and total market etf along with some Berkshire B stock and SCHD.
The 1% of rich people think of how to invest their money to increase their wealth during the recession. While 99% of struggling hard-luck people think of how to survive without food and daily necessities in the recession and the coming hyperinflation
My portfolio is made up of dividend etf’s, dividend stocks, growth stocks, it allows a bit more freedom in specific areas with help of an advisor CHRIS RYAN STEWART who I’ve been in touch with over the years before buying any stocks and it’s been working perfectly for me.
Working Chris Ryan Stewart, I started my first stock in Feb 21, 2022 I noticed the market went down the whole year so now I’m up a lot of money endless we go back to the October lows I will keep putting more stocks super excited for 2024 the payoff will be great 😌😌
Can’t wait to get where you are at. I put 10% of my 401k/Roth when I get paid, which I don’t really watch. Then I put $400/paycheck in a dividend portfolio. They say the first $100k is the hardest.
Stats to track: -market cap and float, their similarities, how much volume they traded, see if similar behavior of takers, wether parabolic , the change of volume. And adapt based on the changes between these stats
Humbled traders take on stats to track: let’s say you narrow down ten stocks with low/high float , similar volume, look at different categories, like the volume, pre-market volume, % spike after open, and look at what they have in common, what’s the outlier criteria wether it be super low float, or super high volume, that potentially have caused a stock stand out the most
The second criteria to track stats: You want to focus on volume specifically, cause every shares traded, means one share, also and hedge fund are involved. But the hedge fund won’t ever buy the entire float, and cause it’s inconvenient to do that because they have to file to SEC they don’t. Second, if you want to pump the stock, you don’t want to buy the whole float, rather you want the retail to do most of the pumping, then they lose most of the money , find out how much a taker can put in a float based on market cap
Please Shay, could you make a video to explain the mathematical methods to know how to calculate how far stocks can go. Steven explained it orally, but it's difficult to assimilate.
Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence she helped a lot to grow my reserve notwithstanding inflation, from $275k to approx $850k
With 10 mil trading the spy, if you can catch a dollar move in call or put options and you buy 250k contracts at .30 and it runs to 1.30 and you sell, boom 25 mil
250k options is equivalent to 25 million shares. One day trade like this would be equivalent to 50M shares. SPY trades 50-100M shares a day. This kind of volume in options would be impossible. Not anywhere enough liquidity.
6 months is not a normal timeframe to become profitable. It required a massive amount of obsession & dedication EVERY DAY on his part. Just keep in mind it normally takes years because you have to trade A LOT & figure out yourself & what you're doing wrong so that you can adjust yourself. & also, shorting requires a lot in fees. He made millions but he's also paid millions in fees to locate shares in order to short.
Man you just have to appreciate the artistic and dedication discipline that goes into Dux's trading strategies. Technically he just gave us the "overnight success" recipes that will take half of 2024 to come to fruition. His $6M recap voice in 2021 is as calm as in this interview. Dude is truly stoic!
Nav the trader who caused the flash crash pulled in 8 million in one day. The amount he leveraged was million to the hilt. He had software program to front run him ahead of the quants market orders. So you’re telling me this guy made that much money as a part time trader?!? 6 months to make money…something is off with this guy, third party audit would be cool to see. I could be wrong but unless he made his own software how on earth did he get even the leverage to make this amount. The only way is on options and leveraging the winnings over and over and over and over to get a payday like that.:.I bet the IRS would like to see this trade.😊
I am Asian as well and was an international student in the US. I got into trading 8 month ago. Thank you for the interview. It is great to hear about your experiences!
Hey, Shay, as usual amazing content! You don’t stop to surprise! You deserve each of your 1.13M subscribers! I am considering myself lucky that I started my trading journey with HT back in mid-2020! Much Love! ❤️🙏
Shay, thank you for all the interesting vids you post. I just discovered you very recently and I think you are an amazing help to beginners traders. Keep it up !!!
I’m not saying this because I don’t believe him…I was just wondering how you vet your guests? Do you look into their actual trading records, or take them at their word?
I have watched the entire video, watched several videos of Steven's, watched several videos on this channel, I still dont understand a THING ! am I the only one ????
He was a former student of Tim Sykes. Tim Sykes interviewed him the first time on TH-cam when he first made close to 1,000,000 dollar. So he became famous among Tim Sykes's students and other penny stock traders. I don't know why he broke up with Tim Sykes. He did not mention Tim Sykes as a mentor.
Actually he did. I used to sign up with Tim program too. I received a bunch of old manuals and told me to spend a year to learn it. Sorry, penny stocks is not for me. Did not have the money, use the scanner, figure out how many shares to trade, calculate the risks, can't short with Think or Swim. Then I switch to stock options, I love it and I have to spent money for another training program but was unable to complete it and watching the videos. I had a very hard time to understand the instruction's accent and learn all the advanced techniques but was unable to trade, did not qualify to trade with ThinkorSwim and working schedule prohibited me to attend the Day Trading room and over trade with too many stocks at once and was unable to close at the right time and working. So I lost all my money. However, I still love stock options. I can't trade stocks. They are too expensive. Stock Options are the best option for new trader in my opinion. Master it with the simple strategy with the right mentor I believe will make you wealthy. I am still struggling financially and was unable to pay the coaching program. Most of the training start with $7k-$10K.
Get ready to comment down below your key takeaways from this podcast with Steven Dux!
I'm very inspired by his stats tracking methods and his unique reverse psychology mindset 📝📖
Why his body language is clearly showing as he is lying? 😢
@@HiHello-dude how so?
@@MarkzGurl77 yeah i want to hear this wonderful bedtime story also lol
How did you verify these trades?
Man I’m been watching your videos for a while now,I’m desperate,I have one question where do I start ? I just don’t wanna be scammed thx
There is a pattern I noticed about successful traders. They are always super humble. They are NOT over confident.
They're not trying to win an argument, they're trying to learn and constantly getting better at their art
there is a difference between confident and arrogant, confidence is good
Can't be that black ass rapper, right? lol
Yup I noticed the same thing.
mos def, ego is the first thing successful trader throw at the window.
I think that's because the market humbles you the minute you get overconfident or cocky.
5:40 Engineering background
8:50 Beginner’s luck
30:00 DWAC
32:00 3-4 trades a month
34:00 Scaling in and out
38:00 Overtrading 40:00
44:00 Routine
49:00 Trading is NOT for everyone
52:30 Diversifying
54:40 Hedge fund
Man thank you
Who are you ?
Thank you
ummm ok
yes
Don't try to replicate what this guy did. He took extreme risks that would wipe most others out. Be happy with small, consistent wins.
He didn't take extreme risks. He is very, very methodical and deliberate with his trading style. He rarely trades and only takes the best set ups.
Everyone has different risk tolerance. The point of the video isn’t for you to copy him but to learn his process and take bits and pieces to improve your own trading
Yeah the guy’s a real degen, something you can afford only while young
Yes, on the short side all is takes is 1 bad trade to completely blow up.
he knows his setups inside and out and knows his probabilities before entering his trades. if he doesn't, he doesn't take them. the average trader is not that rigorous
Thank you humble traded! Steven is an absolute gentleman and obviously a very bright individual, he deserves every cent he has made. Congrats Steven on your success and sharing your knowledge with us!
Certainly!
Certainly!
Certainly!
Certainly!
@@EnidSe Certainly!
he is one of the few honest traders out there, no BS
I've watched a lot of traders on youtube. There's always a comment like this.
no man this dude is no BS, you can tell this kid got it down, he has nothing to sell he already made it, he has no reason to lie. I watched lot of traders they try to sell something but this kid no,
@@cjack202003
@@cjack202003 indeed and the sound of inconfidence when ask about what his family thinking of him ...that shows he is also struggling in trading...higher uncertainty then certainty i would say
One of the best interviews Shay. A lot of good info. Thank you.
Certainly!
Certainly!
this guy had a ton of haters when i was watching his content back in 2015.. im glad hes still killin it
Wow, based on his mindset and approach, Steven seems to have a brilliant mind! Being wildly successful at such a young age in this most challenging industry is unheard of! I am blown away!
It's true, friend.
I agree
Yes, friend!
Yes, it's true!
You're unique. The rewards are approaching.
When he said $17mil position I had to pause the video for a good 5 mins and try to comprehend what down ticks must have looked and felt like in real time 😳 would require insane level of nerves! Great interview 👏
Jesus.. i paused😅
$1..$50....$100....$17 mil......all the same when you already got a shitload of money and can make phatazz trades.....i've heard crazy figures often. Same as on binary options once you get over a certain amount you dont have to trade for pennies and worry much about blowing accts
True, and this is why you only focus on percentage number instead of dollar value...
Lies for clicks
He is the gem,love to see him in your show.
Stay tuned for more exciting podcasts 😎
Whats his full name ?
@@HumbledTraderOfficial will you interview Mighty Stocks in the future!
@@charaanddadtrades1009
Learn that and more in the info section of this video...go ahead try it😉
Indeed!
This guy knows his stuff! His engineering skills and knows statistics definitely gave him the advantage! And most people, buy and sell blindly. 😂 he sounds humble too! Great interview!
its almost as if engineering helped him get an edge, I come from marketing and looking at excel sheets and crunching numbers all day defo helped me get over alot of issues people encounter
First of all, thank you Shay for this awesome podcast! I am sure within a few weeks this video will become one of your most watched. Be the story once reviewed both of your education offerings and said your's more towards beginners (easy to understand and easy to follow) while Steve's are more advanced. I can see why after watching this video. One thing is that you both agree on the psychology part of trading but Steven went on building the strategies of the psychology thinking along with the data. That is truly on another level.
Certainly!
Certainly!
The best trading course with artificial intelligence for those who are starting
Follow the @
@@Gptraderapp hello
I didn’t know he started to help his family. That’s a good son. I’m glad he’s having success and hopefully his parents don’t ever have to worry about money. In the end…that’s all our hope. Help our family.
Thanks bud for keeping us financially Educated! Regardless of how bad it gets on the economy, I still make over $15,000 every
I love all these interviews of the pro-traders. helps so much!
🙌
Please carry on these interviews. Especially questioning on the trade techniques and worse trade. It's definitely much more content beneficial then winning trades.
Finally Shay interviewed Steven, I have waiting this video for a long time. Awesome, Shay....I love your videos and Steven 's videos as well, both of your videos have inspired me to trade stocks to get profits.
Thank you so much glad you enjoyed 🙏🙏
great job on the interview. I know it was a challenge to get the information out of him, but you did it! And you deciphered it so we could get more clarity to his subtle genius. I would love to get more details on his tracking methods
🙌
This guy had engineering background and have a vast knowledge on statistics calculations and safety reliable guising to come up with minimal loss or errors,statistic calculations,standard deviation is not enough but the right data to feed in for stat-calculations does make it effective,just to say trading is not for everyone.
Really really well done, Shay. As always. I don't even trade, I just enjoy your style of content, following along on your story.
Absolutely.
Here's a question: Are you familiar with any AI designed for trading purposes?
See it as 'gptneon'.
The best trading course with artificial intelligence for those who are starting
Follow the @
We all need to get together and raise money for Microphone Stands 😂
😂😂😂damn true
Lol
"Perfect is the enemy of done." This is why most of us don't get started with things we want to do. Kudos to her for not having everything perfect, but getting good content out there anyway.
14:00 6months to be profitable
1. Human Mistakes
2. Patterns psychological
3. Backtest w/ statistics
Crazy dude. Very cool, calm and collected. The mindset trading big amounts of money is also key imo.
Amazing content Shay! This young lad is extraordinary. I started profiting in trading after 3 years of studying on my own. Even until now, I take profits early within the range of 1-2 percent. However, I am happy with it and it suites my style. I think every trader has his or her own style, there level of risk, and psychology when it comes to trading.
Hey Kikop what study you recommend for some one new to the trade thanks
This guy is a genius. The way he uses volume, float and MCap is just so unique.
Certainly!
Certainly!
thanks Shay and Steven, you shared some really great nuggets of information in this video. All the best to the both of you!!
Positive vibes are the currency of the soul! Thanks for providing such precise information.
I really appreciate the dedication in each video you post. To be successful one has to have multiple income streams and so on, also investors should understand the crossover between asset classes & liquidity flow, joanna claire focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. Her skills set is top notch
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed Broker and a FINRA AGENT in the United States.
You trade with joanna claire too? Wow that woman has been a blessing to me and my family
I’m new at this, how can I reach her?
I was skeptical at first until I decided to try. It’s huge returns is awesome! I can’t say much.
she's mostly on Telegrams, with the user name.
This channel is evolving brilliantly. These interviews have really got me tuned in again and I love it. I also have to admire the boldness of Shay. What an inspiration and appreciate her inclusive energy. Nice work.
thank you so much for the positive feedback :)
I totally agree. I love the interviews and the insightful questions. Thank you Shay for sharing your journey.@@HumbledTraderOfficial
Yes, that's accurate.
Here's a question: Can you point me to a good AI for trading?
The top AI trading tool is named
I like the grown up version of humble trader. I waited a long time for her to finally take her channel to this maturity level. Thank you.
You and me both! Thank you
@@HumbledTraderOfficial You're a great trader and I truly admire you deeply. I try so hard as an elder women who was never expose to a good education and you younger people have taught me so much. You're light years ahead of me, but I keep trying to keep up with you everyday. So grateful for the internet and all we get to learn by others.
The GOAT himself 🔥🔥🔥thanks for bringing him on:))
Best interviewer, you deserve every subscribe
This guys risk tolerance is beyond amazing. The strategies he used is okay, he just understood very fast the market. But his risk management and tolerance is sooooooo amazing and suicidal at the same time😅😂
when you have billion backup, you can risk a few hundred millions. trading is not a game for poor.
The best trading interview video ever! Honest! No b.s!
Thank you
Even bad or average traders can get lucky, if this guy is still profitable after 10 years then he is legit
Munger and Buffett have both achieved an incredible feat with Berkshire. They've turned thousands to billions, and have made a lot of people wealthy in the process. I really saw the potential of the stock market by reading Berkshire's annual letters. I recently sold my $674k apartment in the Bel Air area and I'm hoping to throw it into the stock market. I just don't want to lose everything.
Investing and trading are different, trading for sure will blow up in the first will year
Investing and trading are different, trading for sure will blow up in the first will year
This is the most amazing video Shay. Very much appreciated!!!
Glad it was helpful!
Wow I’m surprised how smart he is and how open he is with his strategy. Lots of respect
Thanks for the interview. So crazy, how someone so good at small caps, can be so wrong about big caps, and think he could bring the same strategy as a hedge fund.
My fave part is when he talks about overtrading and how costly it is to profitability
He is smart. He can learn any market in my opinion and kill it.
I love that you have quality guests on this channel. I can almost always see through bs.
thanks for watching :)
*I didn't become financially independent until I was in my late 40's, and I'm still in my 40's. In addition to having purchased my second home and earning money on a monthly basis through passive income, I've also achieved three out of five goals. I just hope this inspires someone to realize that it doesn't matter if you don't have any of these things yet, you can start today no matter your age. Change your future by investing! I made a rather big decision by investing in the financial market.*
Same here. I don’t know what’s the volume and gap number they’re talking about.
both traders are humble.😊 keep up posting..🔥
Thanks for this interview. It was truly awesome.
I've always enjoyed both Shay's channel and Steven's, never did I think I'd be seeing them together!!!!!
cheers!
This content is worth gold. I immidiately started following him. Thank you so much Shay for introducing him. As always you are giving so much🙏
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence she helped a lot to grow my reserve notwithstanding inflation, from $275k to approx $850k
A lot of people would actually be better at trading if they have commitment. But then everyone just tries to make profit without proper researches, which often ends up in unavoidable losses.
39:00 I've found a good pattern/strategy that works for me, doesn't happen very often so, this is exactly how I prevent myself from forcing trades. I look at the expected return over one year and I keep the results on my chart and this is working for me 100% now, more relaxed waiting for my entry signal and if it's a loss I keep it within my expected loss...I guess I'm on the right track lol
@Cliktowtsapme get a life...
can you elaborate?
i'm a full time retail trader for over 18 yrs. his trading experience is quite exceptional. little scary! i feel pretty pathetic that it took me 5 yrs to break even!! lol
In my 3rd year and I was profitable before than now. Isn’t that funny? I was aggressively making money but couldn’t keep it, now I’m playing too safe and either making a little or losing slowly. The reason why I believe it takes 2-3 years for someone and 5-10 years is very similar to also getting rich. There are guys making millions but it takes them 60 years and there are guys making a million a month. In trading if you play defense specially if you are trading with small amounts then you probably lose in the long run. Exponential bet sizing changed my trading forever. Aggressive on best setups and accept occasional withdrawn.
Teach me Senpai 😜😊
For me, once I started actually using my levels, and not just putting them in the chart, trading became more of a process, and waiting for those levels gave me better entries/exits. So once the candles hit my setup, I know I’m out at a certain level, sometimes I do leave some profit in the table, but I find I balance out, and my risk is set. If I miss the entry and the risk becomes to much I just wait for another setup to come around or not 😂
That's the way...I had to learn the hard way to wait for my key levels. Trade from key level to key level 😊
Absolutely!
You're extraordinary. Success is just around the corner.
Can you guys share for a newbie example of levels in your system?
The best trading course with artificial intelligence for those who are starting
My wrist hurt's.......
Steven been on my follow for a minute. Thanks to both of you.
Yeah! I'm really struggling to read charts, watched an almost 2 hour tutorial on how to trade options, but I still don't really get it. I really want to learn how to properly do it. I have about $110k set aside to create a good portfolio. I'd appreciate any reliable inputs.
t's not that hard. The strategies are just rigorous for the regular-Joe but are most successfully carried out by pros who have had a great deal of skillset/knowledge
This is the problem! Most times people with little or no knowledge of the market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name Eleanor Johnston Sorensen and everything changed. In in the first quarter of this year i made $370k and counting
Sounds interesting, will like to know more
Successful trading is all about knowledge, experience and discipline, and you can achieve these virtues from anywhere with access to the markets. You can go anywhere and do anything you want, and still bring home money. What's better than going on vacation AND making money?
@tonyflyer8940 Eleanor Johnston Sorensen is a top trader that helps people out when it comes to trading.
He must have over head computers and have been looking up at the screen for hours and hours , those are his battle scars! It paid off, having an engineering mind helped out a lot
Shay's interviews always bring me down to reality. Thanks Shay. What questions should one ask themselves to determine if day trading is for them?
You’re most welcome!
How much time do you have to watch trades full market day? How many trades do you want to take, how much time do you have for research, planning set ups, algo or software to get in and out quickly, patience level, so much more...What ways can you make the process efficient for yourself, etc
Amazing interviewe
Always trial run with a fake, or paper trading account. It can be for anyone just as long as you trade to your personality. For instance if you get tired of looking at charts after 2 hours then only trade for 2 hours. If you can't get out of a losing trade on your own then don't worry, just set a stop loss. You learn a lot about yourself when trading 😊
if you can accept uncertainty, if you feel this is better than your job, if you can accept instability (you make money and lose money - you gotta manage it - the key is to make more than losing), treat it like a business (losses is your business expense).
It's not for anyone who can't risk money and still sleep well.
The good news is, you can always do it part-time no matter what job you have.
2nd time to watch this episode. Thank you Shay!
Hi, Would someone be able to explain the concept he explains starting around 20:00 mark - "Multiply volume with the average traded price on that day to understand the threshold for which retail traders can pour in to that stock and once it reaches the maximum, then that means the stock will go down next day"? How would we know what that threshold is? If someone could enlighten me or provide additional detail here would be much appreciated!
Retail investors are limited to the 'Float' Insiders and Institutions are typically separate but form the balance of the shares outstanding. If 7 million bagholders bought the stock at $10 out of a 12 million Float, then 5 million might still be trading the stock at a lower price. Assuming the 7 million step back in to sell when the stock hits $9 or higher, is a reasonable guess, but there is on 5 million float left to sell to. Once they bought at $9+-, that still leaves 2 million holding which would keep downward pressure on the price. So theoretically it would take a 7M @ $9 (63M) dollar value to be traded before 'fresh retail' investors can come in. This is my best guess. Suggestions? Shay? Steven?
me too i didnt understand
This guy is a genius, apart from trading, this guy can even achieve compound gains YOY in his English speaking skills.
In my taxable account I went into dividend investing route. In my Roth I did the buy and hold route with an S&P 500 etf and total market etf along with some Berkshire B stock and SCHD.
The 1% of rich people think of how to invest their money to increase their wealth during the recession. While 99% of struggling hard-luck people think of how to survive without food and daily necessities in the recession and the coming hyperinflation
My portfolio is made up of dividend etf’s, dividend stocks, growth stocks, it allows a bit more freedom in specific areas with help of an advisor CHRIS RYAN STEWART who I’ve been in touch with over the years before buying any stocks and it’s been working perfectly for me.
Excited to add to my positions as the market drops. Looking forward to 10 years from now with the hope of retiring early.
Working Chris Ryan Stewart, I started my first stock in Feb 21, 2022 I noticed the market went down the whole year so now I’m up a lot of money endless we go back to the October lows I will keep putting more stocks super excited for 2024 the payoff will be great 😌😌
Can’t wait to get where you are at. I put 10% of my 401k/Roth when I get paid, which I don’t really watch. Then I put $400/paycheck in a dividend portfolio. They say the first $100k is the hardest.
I wonder how his strategies are working for him this year? What a great podcast - I enjoyed this one very much
Great podcast, 200 M a year 🤯🤯 Guy is a legend 💯
Legend
200M ? 🤔
He has made 11m, says so on his kinfo page and his website.
Stats to track:
-market cap and float, their similarities, how much volume they traded, see if similar behavior of takers, wether parabolic , the change of volume. And adapt based on the changes between these stats
Humbled traders take on stats to track: let’s say you narrow down ten stocks with low/high float , similar volume, look at different categories, like the volume, pre-market volume, % spike after open, and look at what they have in common, what’s the outlier criteria wether it be super low float, or super high volume, that potentially have caused a stock stand out the most
The second criteria to track stats:
You want to focus on volume specifically, cause every shares traded, means one share, also and hedge fund are involved. But the hedge fund won’t ever buy the entire float, and cause it’s inconvenient to do that because they have to file to SEC they don’t. Second, if you want to pump the stock, you don’t want to buy the whole float, rather you want the retail to do most of the pumping, then they lose most of the money , find out how much a taker can put in a float based on market cap
Please Shay, could you make a video to explain the mathematical methods to know how to calculate how far stocks can go. Steven explained it orally, but it's difficult to assimilate.
Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!
Him starting trading to help his mother during divorce is so wholesome
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence she helped a lot to grow my reserve notwithstanding inflation, from $275k to approx $850k
Yes, friend!
With 10 mil trading the spy, if you can catch a dollar move in call or put options and you buy 250k contracts at .30 and it runs to 1.30 and you sell, boom 25 mil
I don’t understand it. Can you break it down 😂
250k options is equivalent to 25 million shares. One day trade like this would be equivalent to 50M shares. SPY trades 50-100M shares a day. This kind of volume in options would be impossible. Not anywhere enough liquidity.
He seems completely unfased by the size of his trades, being able to keep cool with that kind of size is incredible, and in such a short time!
I would guess a lot of the confidence comes from his tracking
lol 6 months is how long it took him to be profitable. That's not how long he's been trading though. He's been trading for years and years
thanks Shay🙏🙏, For bringing this amazing Young man to share his History to become a success trader in a very short periods of a months
I just lost 30% overnight when my stock Gapped down and realized I will have to gain 50% to recover. The blow to my confidence is the worst.
Which stock …. ☹️
It happens. Average down. 🤷🏻♂️
Was it alibaba? I had profits and didn’t take them the day before… i feel so dumb.
We are all just bunch of dummies 😅😂😂😂
@@HumbledTraderOfficial $CSCO 10% down after hours x 3 to 1 leverage.
This was a very inspirational episode!
Please ask the risk management strategy of every trader. That's the key
Thanks for this a great interview. Clearly Steven has the eye of the tiger!
I met him in 2018 in Orlando. He was one of the millionaire students of Tim Sykies. And I met him at Tim’s trader summit.
No way! Tim skyies is the OG
Who is tim skyies
wow Steven is amazing just love his mind set
6 months is not a normal timeframe to become profitable. It required a massive amount of obsession & dedication EVERY DAY on his part. Just keep in mind it normally takes years because you have to trade A LOT & figure out yourself & what you're doing wrong so that you can adjust yourself. & also, shorting requires a lot in fees. He made millions but he's also paid millions in fees to locate shares in order to short.
Hello
The best trading course with artificial intelligence for those who are starting
Follow the @
Could you elaborate? I'm starting
There are no fees on shorting stocks. You just sell first then buy back later. Depends on your broker buy and sell shares has same fees
Thank you so much for the nice interview.
what software plateforms does Steven use for his statistical analysis? seems a bit more than just excel ;-) thanks in advance!
Man you just have to appreciate the artistic and dedication discipline that goes into Dux's trading strategies. Technically he just gave us the "overnight success" recipes that will take half of 2024 to come to fruition.
His $6M recap voice in 2021 is as calm as in this interview. Dude is truly stoic!
Excited for this one 🔥
Gotta take notes 💪
Good motivation from both you guys ❤
Nav the trader who caused the flash crash pulled in 8 million in one day. The amount he leveraged was million to the hilt. He had software program to front run him ahead of the quants market orders. So you’re telling me this guy made that much money as a part time trader?!? 6 months to make money…something is off with this guy, third party audit would be cool to see. I could be wrong but unless he made his own software how on earth did he get even the leverage to make this amount. The only way is on options and leveraging the winnings over and over and over and over to get a payday like that.:.I bet the IRS would like to see this trade.😊
Do the math on his trades. He did thousands of trades in a day and risked 10's of millions of dollars on those trades so it's not unbelievable.
Thank you guys so much for sharing your experiences ❤️👍
She was feeling the drip😂❤
I will be seeing this interview more than once, loving the interview
A smart person learns from their mistake, a wise person learns from other people's mistakes.
Which one is you?
Fantabulous interview.. thank you.
I don’t trade after 11 either. First 90 mins of market is where you’re statistically getting the bigger moves
What time you think is the soft spot ? I recently started traded and I love it, so much to learn.
@@YxngPrxnce24kBuy IPOs, sell them at 11AM or 12PM, and rinse and repeat each day
Great interview. Thank you I learned something
I am Asian as well and was an international student in the US. I got into trading 8 month ago. Thank you for the interview. It is great to hear about your experiences!
Absolutely love your style of video. Great questions too
Thanks so much!
Hey, Shay, as usual amazing content! You don’t stop to surprise! You deserve each of your 1.13M subscribers!
I am considering myself lucky that I started my trading journey with HT back in mid-2020! Much Love! ❤️🙏
Thanks so much! Appreciate it hope your trading has been going well 😇😇
Shay, thank you for all the interesting vids you post. I just discovered you very recently and I think you are an amazing help to beginners traders. Keep it up !!!
I’m not saying this because I don’t believe him…I was just wondering how you vet your guests? Do you look into their actual trading records, or take them at their word?
Very genuine trader vidoe and lot of learnings. I am sure this will come in handy for my Market101 accout.
Hey please make video about Japanese legends BNF and CIS ❤
I’ll check it out
They are legendary. Do check ‘‘em out
Love watching videos that explain from the beginning 🎉
This Man is the real deal. Great interview
hes the one that made me discover day trading… and its amazing…
I have watched the entire video, watched several videos of Steven's, watched several videos on this channel, I still dont understand a THING ! am I the only one ????
Great video. This is a great trading education. Really good.
He was a former student of Tim Sykes. Tim Sykes interviewed him the first time on TH-cam when he first made close to 1,000,000 dollar. So he became famous among Tim Sykes's students and other penny stock traders. I don't know why he broke up with Tim Sykes. He did not mention Tim Sykes as a mentor.
Actually he did. I used to sign up with Tim program too. I received a bunch of old manuals and told me to spend a year to learn it. Sorry, penny stocks is not for me. Did not have the money, use the scanner, figure out how many shares to trade, calculate the risks, can't short with Think or Swim. Then I switch to stock options, I love it and I have to spent money for another training program but was unable to complete it and watching the videos. I had a very hard time to understand the instruction's accent and learn all the advanced techniques but was unable to trade, did not qualify to trade with ThinkorSwim and working schedule prohibited me to attend the Day Trading room and over trade with too many stocks at once and was unable to close at the right time and working. So I lost all my money. However, I still love stock options. I can't trade stocks. They are too expensive. Stock Options are the best option for new trader in my opinion. Master it with the simple strategy with the right mentor I believe will make you wealthy. I am still struggling financially and was unable to pay the coaching program. Most of the training start with $7k-$10K.
I was going to ask this question too
Thank you. I really enjoy every interview!
I watch almost all your interview videos. But why don’t you purchase microphone stands, Shay?! 😁
Thank you for this content Shay!
My pleasure!