My First Year Day Trading at a Prop Firm (4 Ways I Found Success)
ฝัง
- เผยแพร่เมื่อ 10 มิ.ย. 2024
- Learn 3 trades our traders are using bit.ly/31tW9li
Find Max on Twitter / maxganik
#smbcapital #stockmarket #daytrading
SMB Disclosures www.smbtraining.com/blog/smb-...
respect. after one year of trading to give a presentation in front of thousands online alongside some of the best traders.
Max has come a long way!
it's unreal how much commonalities i share with with you Max! it's like you are speaking my mind about everything! the only difference is that i'm a bit older than you and you started trading earlier. that's all the difference i see!
Find Max on Twitter twitter.com/MaxGanik and check out the training our traders go through bit.ly/31tW9li
There is a lot of value here in the focus points here.
-Teamwork trading to learn from different styles/timeframes
-Discussing your gameplan with your team, looking for shortcomings&correlations for higher conviction opportunities
-Setbacks will come. Have detailed plans to overcome each situation & rinse/repeat.
Very good at explaining your thoughts and process, thanks. Finding this very helpful
Thanks for sharing valuable inputs!
Thanks for making such professional and ground level psychological video of a young professional's learning in trading community.
Talked to Max a few days ago. A really great guy. Appreciate the video
Awesome video max I can’t wait for when I’m on my first year on the desk. I’ve been working incredibly hard to achieve it and I won’t stop until I’m absolutely smashing my goals or they just won’t let me apply anymore.
Oh man, thanks I needed to hear this today. Huge, huge thank you. I was questioning alot of my mistakes today. And then I was journaling my trade, and I had this "what for?" attitude. The more I wrote, the worse I felt. So I had to snap myself out of it. And I saw this clip. I felt a whole lot better. So I'll be back in the saddle tomorrow. "Why do we fall, Master Wayne? We fall, so we can pick ourselves back up."
Thanks for sharing this video. Very helpful. Just joined Trader DNA and I have much to learn. I aspire to be more like you guys.
Great video, extremely helpful.
Great T4AC event! Took a page out of everybody's playbook!
Thanks
My deep respect to you, what you have achieved! You seem very calm and balanced - I like that very much. What have been your very first steps learning Trading? Were it some vocabularies, chartanalysis, working with TWS and how it is build? brgds
Great preso. What are you using to track RVOL?
Hi Max , I wanted to know before joining SMB did you have any trading experience and if yes then from when are you involved in markets?? Cheers mate loved your video, I watched it live in the Traders4acause webinar.
Good stuff thanks
Awesome!
Tanks Max
Good video. Thanks!
You bet!
Im seeing my own pattern of young guns. Garette is the only one over 30 ive seen inawhile. I wish I was in my 20s still. Learning curve is steep. Would be nice to have that extra stamina. Tape replays, studying chart patterns, reading, journaling and testing. Days go by too fast
We see traders at every age! We usually try to find the best talent while they are young so they can go through our training with fresh eyes
That’s true I started learning back in late June on my 23rd birthday and I cannot believe it’s already been 6 months
@@smbcapital I just turned 27 and I’ve got about 2 years of heavy studying/trading under my belt (6 months were full-time). All my equity curves look tasty-holler at me SMB. I want Shark to mentor me because of our shared appreciation for discretionary trading.
So, Just wanna ask, What's your trade lock on your initial days of trading at smb ?
Looking forward to review of Snap earnings today. Felt like the Apple product release.
We might do a review on it. Hopefully one of the traders recorded some tape
Hi Mike: it sounds to me from other videos that 1st year traders have quite a struggle during that time. In this example however it sounds like the above trader went comparatively well in his first year. I just would of liked to hear you give an overview from yr own perspective, of the traders performance over that time period- that would've made it even more interesting. Okay
I believe this was his 1 year as a prop trader..moat likely already some experience before
It sounds like you have pretty stringent requirement about what an A+ trade is. When I personally enter trades and review them later, I sometimes fall into a predicament where I thought the trade was logical and the setup was good but come to find out it went the wrong direction. Could you explain more about the different variables that impact the way you define a "good trade?"
thank you for this. I'm on month 3 of simulation day trading and it's the most difficult thing I've ever done...and I absolutely love it. I can't wait to learn every day when I wake up.
Best of luck
@@imillionaire yup. Im reading psychology. Going to start live really small and only a few times a week. Babysteps for me. Im no superstar. Just a humble sim trader
How does one get into this type of career?
Roughly 225 trading days in any given year, so 1k/day would be $225 000 for the year.
I bet guys like this guy here and others at SMB make that in a month lol
250 trading days in US equities each year! 😉
@Forex Life yeah, much more than you ever will
@@smbcap 250 a year is within the realm of roughly 225 a year bud
Hi guys quick question how does everyone here find interesting tickers to day trade? Relatively new to this and would like to hear everyone’s strategies 👍
Follow us on instagram @smbcapital we post our AM ideas there everyday! Mostly based on fresh in-play news and second day plays
@@smbcapital thanks 🙏 rly appreciate it 👍
Dear SMB, do you still have an active Futures Desk? And do you look for CPTs in Futres?
We have a few traders that are trading futures but most are equities or options. A lot of the equity traders might dabble in btc futures though
I've never gotten an answer to this question, but I'll keep trying: When, as a beginner, a goal is to hit $1,000 profit in a day, what is that as a percentage? (i.e. 1K is 5% of 20K and only 2% of 50K)
When I moved from trading PaperMoney to trading MyMoney I kept my account really small 'cause I prepared myself to "pay my tuition" for learning. My goal has been to average 1.5% profit from each intra-day trade (varying from scalps (1-2%) to 2-4 hour trend trades (2-4%) while only losing 0.75% or less on losses. The intent is to build upon consistency in the future, once consistency is achieved...So, I'm just curious how that 'beginner's goal' of 1K would translate to various account sizes...
...Oh, and as always, these videos are priceless. Thanks for the content.
A good rule of thumb is to risk 1%- 2% of your account on each trade because of the risk of ruin. If you’re in the early stages, I would honestly trade paper money. It takes time to collect data on your live trades after trying different strategies. Once you are trading consistently profitably on sim, and have hard data and rules, I would risk 1% per trade because of the low risk of ruin. Google “risk of ruin.”
@@RedCandles_ I get that. My stops are usually between 0.5 to 1% of my account. I learned the hard way that the best way to be profitable is to limit losses...My question is on the goal of $1K in a day, and what that is as a percentage to the trader that specific goal belongs to...and I use both PaperMoney and a small cash account to trade with, depending on the environment at the time and if I'm experimenting with a new set-up.
Has anyone done the workshop?
So, how profitable were you?