Stop GAMBLING and Start TRADING Like a PRO!
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- เผยแพร่เมื่อ 29 พ.ย. 2022
- Many traders think they are trading, but in reality they are simply gambling and they don't even know it. Sadly many aren't taught the proper way to approach the business. They have NO money management rules, no trade management rules, barely any pattern recognition rules and are largely trading blind without even knowing it. Today's lecture is going to change all of that!
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www.livetraders.com
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Jared@LiveTraders.Com
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#stocks #trading #fun
I am maturing from Gambler to Trader.. Lots of Learning.
I'm with ya on that journey!
One of the reasons I keep returning to your (most excellent) lessons is because of your brutal honesty. Keep up the great work, please.
Once again, thank you for a great lecture. You don't beat around the bush and you've got humor in it !!!
Jared, you definitely can be sour grapes... HOWEVER... You are extremely gifted at teaching this stuff and have *everyone*, including the Insane knuckleheads best interest in your core. You're truly a master, expert and should be instructing. We can only be so lucky to have you teaching.
If you want to learn to trade, realize that the market is not your friend, but this man is your ally, and he is not gonna feed you a sugar coated zippel....
Thank you Jared for all you do.
I’m from India this is my third video from your channel today and it’s worth more than watching trading videos whole day.. thank you
i realllly enjoyed this one. i subscribed a while back and it's been a learning curve so i circle back and take little chunks of info at a time. i liked the talk thru on the charts. AND you encouraged me to revisit MANAGEMENT RULES!! thank you ^_^
Thank you, I always learn new things from you
I'm just getting started . I really enjoyed the video. I will be watching alot more of your videos . Thank you for your time and effort
resitence if the big boys know they have the shorts on the ropes they will bust through that resistance like butter
A couple good "barks" set the tone. Lessons learned forever. I appreciate you barking at me! Thank you sir!
Your lectures are really really good. This one is my favourite.
The fact is you need skills in trading Wich take years and you need a good amount of money to trade with that's the cold hard truth
Paper money. No excuse.
@@pdtglez2013 He means you need a decent amount of capital for your trading to really work.
The problem is, the smaller your lot sizes get is the less you can risk and the slower your progress, as you have to sit out trades for longer to make decent returns.
Swing trades are giving you less and less mileage now, so the way forward is scalping shorter distances at higher risk.
The problem is that you can't afford to risk high with small accounts.
As usual, the people who already have alot of money have the advantage, this is what the channels don't really keep 💯
I follow your rules, and I keep winning. Why gamble? Im in it to win in the long run. I will wait for the right trades, even if I have to stay out of the market for a few days. *No Fomo*
@@31arts Correct, as you should, that's not what the author is saying.
He's just saying that if you want to do this ish for a living, you already need to have alot of money to use to do it.
Most people have to work hard and save for years to get that sort of capital to trade (alot of brokers are asking for $25,000 minimum to trade under a company name now). If you've spent 10 years of hard graft saving that money and you're a relatively new trader, you are automatically gambling with your hard earned saving (like most people who do this) by trading, no matter what.
90%+ of the market lose, 90%.
If you have a small account, you can wait as long as you want for the right trades, but the fact is, to make any worthwhile money, it's going to take you about 30+ years if you've got a little account.
The rich and the huge hedge fund firms can basically gamble with $100,000 as a starter, that's probably their smallest accounts. When you have accounts that big, you can take smaller risks and make more money than people on smaller accounts.
It makes a huge difference.
What about funded trading programs? I never see anyone post about this to have more starting capital. I trade forex though. Maybe stock trading doesn't participate in this?
Very sobering lecture.. it’s not about the results but the process . The process brings the results. Nice one Jared .
Thx for the good works .
Merry Christmas 🎁 to you and your family 🎉
Merry Christmas and happy Hanukkah without leaving everyone else happy holidays of course happy new year.
Life is not about making money yes you get lucky every now and then but the question is are you organized it doesn’t matter if you’re running a business Or you living your life Day today if you’re not organized and the only clear picture of it is a mess then if you hire somebody to clean up after you what’s the point.
Thank you Jared👍
Never heard this subject before. Very well structured lecture.
Thank you J
thank you so much🙏
My problem is bad habits and over trading. So hard for me to be patient and wait. I have to change these habits or success will Never arrive..
Another great video. Thank you Jare
Like those videos. Keep it going, It makes me a better trader. Thanks
just another an amazing Lecture Thank You !!!
Great Vid!
The sour grapes thing is crazy lol
Do I sometimes think you can be rough with your lessons, absolutely, but that's because you have a passion about this, and people need to hear the truth, they are just afraid of hearing it
I felt called out in a couple of your videos, and every time it helped me think and realize mistakes, so thank you for being brutal in your lessons, they make for good instruction
Too many snow flakes that can't accept they made a mistake
Great Lecture!
I believe it’s a game of algorithms nowadays! Lol
Great video Jared. Thank you.
7:41 - If traders don't hold themselves accountable, then the market will hold them accountable. The guy writing the posting has been held accountable to the tune of $3,000 (not including the $10k he gave to his brother to trade with).
u are the MAN nuff said!!!!!
Jared ,Anmol really thank you for leading and mentoring.
I have good days and bad days but I'm trying to be more consistent and more disciplined. I appreciate your channel and I plan on becoming a better trader
If you treat trading like black jack card counting and you know the statistics after every card laid, then you have one hell of an advantage. I would like a system that tells me the odds of every trade available in the market at any point in time, and the change in those statistics.Just Ask Market Wizard Ed Thorp.
A desire to trade and lack of patience leads to low percentage setups. Good trades sometimes take a while to find. Sometimes I take no trades. That's ok, since there were no good ones.
i might have taken the LVS short only because it broke through the support very easily.
You can wrap it up with all these fancy technicals but at the end of the day the risk involved makes it lean more on the gambling side. Well a lot of business ventures (putting up a restaurant, quitting your day job for.., etc.) has a decent amount of dice rolling too. Coming up with system with day trading gets you somewhere but at the end of the day it's just really an illusion that the big boys in the market (w/c is the biggest casino in the planet) wants you to believe (as if you can outsmart their Algos. ) Same with card games really.. Casinos wants you to believe that you can count cards or hack the system but all these marketing really are aiming on people's weaknesses (ex. greed, ). The market is rigged (for us small fish) that is obvious, at least on card games your enemy is yourself and of course 'statistics/probability'.
why are you watching this then? Im guessing you tried trading and failed
Hi: How do you figure out the expected value of trades if 2$ is stop loss 6$ profit 1/3 risk reward with 50% win rate Ty
Just found this channel...I LOVE IT! I am a new trader and "don't know my @ss from a hole in the ground...yet :)"...will be watching more of this channel, if anything so I can enjoy Jared's witty satire.
My 3 words of the year... "Why this stock?".... thank you Jared
Investing it’s on every platform it doesn’t matter if you call a trading or gambling it’s called hit or miss I respect you Jared if you stand at a craft table and your fingertips don’t feel the dice walk away.
💪 fuck the cards at the casino I want shoot the dice
It is 100% parallel to the stock market.
I have blown up 6 accounts in a row in 2 years period due to "NOT TAKING MY STOPLOSS" and I was hoping NOT TO DO THIS AGAIN everytime I would open a new one until I blew the account. Jared, your lectures are diamond which I am watching them at least 2 hours a day.
How much money did you blow?
Why did you move your training office from your recent videos
The only way to guarantee not to gamble in trading is to focus on trading TQQQ/SQQQ. Momentum trade those 2 and that’ll be the easiest way to not gamble. Then if you want use what you earn from trading the Q’s to dollar cost average to invest longer terms stocks whether it be dividends stocks or growth stocks
That's my plan using ES Futures and SPY Shares. I'm up to 10 shares so far. Goal is 1000 SPY
One more thing I want to let you know I trade three times a year dated day you can call me daytraders.
We should be thankful because the losers pay the winners. Zero sum game
Everything Master said is to take seriously if u want to be a pro trader ,chart says Everything except fuckers manipulate the market and u do not know which one is ,so be super cautious ppl,happy trading everyone and happy new year 🎉,
For new ones...could you explain what is big R mean... in this context...you refer to... is this security rights offering...
R:R, = risk to reward. For example, you buy a stock for $1.00
In case it goes against you, you set your stop loss to $0.95; that's your risk (.05c)
What is your reward? If you want a reward of 2, then it must be 2x your risk, or in this case .10c, so your target is $1.10.
that is a risk of 5c vs. a reward of 10c = 5 : 10 = 1 : 2
so your risk is one and your reward is 2. therefore R=2
@@smacpost3 we read internet version of Professional Trading Strategies, but must have forgotten this queue' and our risk is calculated bit differently as we exclusively trade options... love watching Mr. Wesley from overseas at night despite his videos geared toward stocks...
@@PAMULART ; Yes, Jared makes excellent videos. Best of luck with your trading. Happy holidays
Another rule if you are a new trader and your goal is to make $200 a day do not try to make $200 on one trade try to do it in a series at least four to five trade even more once again whatever the size of what you are trying to make a day do not trade it on one trade do not trade it on two trade this is also money management your risk management if your goal is to make $200 a day do not take the trade to make $200 on one trade so-called guru do not tell you that
As i watch this video i must say, im guilty of saying "it either goes up, or it goes down". 🤷🏻♂️🤦🏻♂️
👍🔥
I count cards. It’s more like 99.99% of people don’t know what they are doing or know the math. I’d assume trading is the same 😂
Why do you keep referring to these basic videos as "lectures"?