I relate to the disappearing comments lol. Don't forget to occasionally check the "held for review" section in your dash. I've had perfectly normal comments get marked as spam and all kinds of weird stuff. Of course, the stuff that actually IS spam doesn't get held for review lol. Then, there's clicking on a comment notification and it's nowhere to be found. Mysterious.
Hey Iman, thanks for the tip! I do check those occasionally but this fellow’s comment was not in there. He’s since emailed me though so I’ll get back to him that way. I just don’t get it, it was a perfectly legitimate comment/question. Yet the spam ones still make it through sometimes lol. Have a great night
Thanks for answering those questions! I don't comment often and I only found your channel a month ago or two but I just wanted to let you know I really appreciate all the videos and they are helping me a lot.
Haha you're a hoot Matt, and honest. Too many think Lambo money is an easy thing. Appreciate you saying NQ isn't for newbies... it's not. Life is life, sounds like you've had your adventures, most of us have. Fitting trading into a busy picture can be a challenge when you have other stuff. What matters is now right? Sounds like things are rolling along nicely for you Matt :)
Hi Matt. I was very lucky to find your channel! It's some weeks now. There is so much real value here indeed. Thank you very much for sharing. Very appreciated. You have the knowledge, skills and good heart for teaching other people. I hope in the future you want to make a trading room ( sorry for my english, i am european)
Hey Matt! Thank you for answering all these questions! U mentioned we need to look back towards the left or the past chart patterns to detect important levels. How far left do u usually look back? Suppose u r working in the 5min timeframe is it like for the past 1 hr or is it something intuitive? Thank you!
Thanks for answering those questions and I really appreciate you taking the time out of your day to help us become better traders. As you recommended, I will stick with one contract on the MES for now. I would paper trade but everything is much different when you have actual money on the line. Also, I have no intentions on quitting my day job anytime soon haha
Thanks so much Mojo! It makes my day hearing that people are getting some good out of these. Good on the day job - looks like a pretty cool business you have there, well done!
Your sincerity and honesty simply shine through! Thank you for taking the time to make these. I’ve just found your channel and am using learning to use Sierra chart. Complete novice to trading so your videos and advice above have been amazing!!
Thank you so much! Really great to hear the content is helping. I try to put out stuff I wish someone had told me when I was starting out, there wasn’t much out there.
Matt, would you recommend using a 610 tick chart to better identify the higher low (long) and lower high (short) setups at key levels? Using a 4000 tick chart you get the longer term context of the market, but it’s hard for me to get good entries and I end up getting chopped to bits
Hey Grimminator, I can’t really comment on that as I haven’t looked at a 610; at least in a really long time. The 4000 is already pretty short term in the NY morning, often 1-5 minute candles. Try it though and see if it works for you. I’ll have a look at it too
Hi Matt, quick question, why are you not compunding your account? Like every time you make 50% profit (on the 10k account), you add 1 contract. Or what ever how you want to do it.
Another super informative video, thank you! Here's a question for ya - was the music at your outro created by you? I always see your music gear nearby, and it just dawned on me that you may have recorded that lick?
Great video, Thank you for sharing your time and knowledge. I've noticed on most of your trades profit and loss statement your max loss while in a trade is always very minimal. Do you mind sharing how you're able to time the entry so well. Thank you.
Hello sir, I have learnt a lot from you videos. Thanks a lot for making such informative videos. I have question for you. What would be a realistic average monthly return on capital from day trading? In terms of percentage. Thanks in advance.
Hey thank you! I go into this in one of my videos, th-cam.com/video/Jsl1s9hMPeE/w-d-xo.html Long and the short of it, in my opinion, once you’re consistently profitable, and that’s a big caveat, trading futures with a method similar to how i do - one unit of risk per day. Ie the risk of one trade per day. So if you risk 0.5% per trade, once you’re consistently profitable, I would think you should be able to expect to make 0.5% per day on average trading futures. Everyone is different of course, but that’s how I look at it. Really, anything better than 5% a month is good. Anything above 10% is excellent.
I've been paper trading for about a week or so. im up almost 8% so far. however, this is solely due to me getting stuck in long positions (no stop loss) and deciding to roll the dice and hold overnight. I've gotten lucky. the next day the market was up quite a bit and i closed out of my position for a good profit. this has happened to my twice so far. have you ever found yourself in this situation, Matt? how did you handle it?
Hey Dave! I never hold a futures trade overnight. Never have and probably never will as I don’t swing trade futures. I’ve held a ton of forex trades overnight in years past though. I just like being flat overnight rather than waking up to being up or down etc. I wouldn’t take a trade I could get stuck in without a stop under any circumstance though. How are you getting stuck in trades? If you’re trading futures you can exit overnight except on the weekend. Have a great night Dave!
Hey just found your channel and your videos, good stuff! Most of your videos are winning days, could you show a losing day and how you handle loss day (if you get losing day hahah)?
Hey Stian, thank you! Glad you found us. There are a few losing days in there though they are quite small and some scratch days also, they’re back in the videos. I’ve shown every futures trade I’ve taken in one way or another on here since I started doing these last winter. I fortunately very rarely have losing days because of the way I trade, and that I’m content to take what i can get rather than swing for the fences. I also don’t hesitate to skip a session if I’m not in the right frame of mind or not feeling well, or if the market isn’t feeling well lol. Have a great night and thanks for watching.
Hey Jake; I like to have at least 2:1 reward/risk to take a trade, ideally more, BUT I usually get out early. There has to be a reasonable target that’s far enough initially. You generally won’t see me take a 1:1 trade entry, even though I will punch out at 1:1 sometimes mid trade
I’ve used forex factory for years until I recently discovered financialjuice. It really takes it to another level, announcements are colour coded in real time (short delay) and they publish the actual reports on the site among other things. Free also.
![ลองสุ่มไอโฟน 990 โกงมั้ย? [ โกงมั้ยครับ ep.101 ] | DOM](http://i.ytimg.com/vi/bfsWe0j492k/mqdefault.jpg)
I relate to the disappearing comments lol. Don't forget to occasionally check the "held for review" section in your dash. I've had perfectly normal comments get marked as spam and all kinds of weird stuff. Of course, the stuff that actually IS spam doesn't get held for review lol. Then, there's clicking on a comment notification and it's nowhere to be found. Mysterious.
Hey Iman, thanks for the tip! I do check those occasionally but this fellow’s comment was not in there. He’s since emailed me though so I’ll get back to him that way.
I just don’t get it, it was a perfectly legitimate comment/question. Yet the spam ones still make it through sometimes lol. Have a great night
Thanks for answering those questions! I don't comment often and I only found your channel a month ago or two but I just wanted to let you know I really appreciate all the videos and they are helping me a lot.
Thanks so much Aaron! Glad to hear and thanks for your comment
Thanks for taking the time to answer our questions, Matt... very helpful. Have fun at the hockey game tonight.
Thanks Niko! Game went well, they didn’t lose this time lol
Good stuff Matt! Really appreciate you and what you’re doing with the channel here. Have a great weekend
Thanks Cole, you have a good weekend too!
Haha you're a hoot Matt, and honest. Too many think Lambo money is an easy thing. Appreciate you saying NQ isn't for newbies... it's not. Life is life, sounds like you've had your adventures, most of us have. Fitting trading into a busy picture can be a challenge when you have other stuff. What matters is now right? Sounds like things are rolling along nicely for you Matt :)
Thanks a lot Myron! And very true, we never know how many tomorrows we have, need to make the best of it
Hi Matt. I was very lucky to find your channel! It's some weeks now. There is so much real value here indeed. Thank you very much for sharing. Very appreciated. You have the knowledge, skills and good heart for teaching other people. I hope in the future you want to make a trading room ( sorry for my english, i am european)
Thanks so much Giorgio! Really glad to hear you’re finding the videos helpful. I plan to keep doing this for the foreseeable future.
Great one Matt. Thanks for all those answers. Love theses personal vids in combination with the trading ones.
Thanks M! Really glad to hear that. Have a great weekend!
Always great content Matt! Thanks for taking the time to answer all those questions. I am always learning.
So am I Terry. Thanks for being here
All what you said is 100% true and correct
Thanks A Z!
Wohoo! Great content as always and thanks for answering my question, I'm going to keep my nose to the grindstone and press on.
Good man!
I hope you get more subs! I'll recommend your channel. More vids please!
Thanks Dwigth!
Hey Matt! Thank you for answering all these questions! U mentioned we need to look back towards the left or the past chart patterns to detect important levels. How far left do u usually look back? Suppose u r working in the 5min timeframe is it like for the past 1 hr or is it something intuitive?
Thank you!
Thanks for answering those questions and I really appreciate you taking the time out of your day to help us become better traders. As you recommended, I will stick with one contract on the MES for now. I would paper trade but everything is much different when you have actual money on the line. Also, I have no intentions on quitting my day job anytime soon haha
Thanks so much Mojo! It makes my day hearing that people are getting some good out of these.
Good on the day job - looks like a pretty cool business you have there, well done!
Your sincerity and honesty simply shine through! Thank you for taking the time to make these. I’ve just found your channel and am using learning to use Sierra chart. Complete novice to trading so your videos and advice above have been amazing!!
Thank you so much! Really great to hear the content is helping. I try to put out stuff I wish someone had told me when I was starting out, there wasn’t much out there.
good and honest
Matt, would you recommend using a 610 tick chart to better identify the higher low (long) and lower high (short) setups at key levels? Using a 4000 tick chart you get the longer term context of the market, but it’s hard for me to get good entries and I end up getting chopped to bits
Hey Grimminator, I can’t really comment on that as I haven’t looked at a 610; at least in a really long time. The 4000 is already pretty short term in the NY morning, often 1-5 minute candles. Try it though and see if it works for you. I’ll have a look at it too
Hi Matt, quick question, why are you not compunding your account? Like every time you make 50% profit (on the 10k account), you add 1 contract. Or what ever how you want to do it.
Thanks
My pleasure Dave
Another super informative video, thank you! Here's a question for ya - was the music at your outro created by you? I always see your music gear nearby, and it just dawned on me that you may have recorded that lick?
Hey thanks Scott!
Yes any music in my videos is me. There’s so far only a few tunes, just little 1 take background tracks I do up from time to time.
@@DTND Hah, that is awesome!
Great video, Thank you for sharing your time and knowledge. I've noticed on most of your trades profit and loss statement your max loss while in a trade is always very minimal. Do you mind sharing how you're able to time the entry so well. Thank you.
Thanks Mike!
I will try to go more into timing entries. Thanks for your comment and have a great weekend
Hello sir, I have learnt a lot from you videos. Thanks a lot for making such informative videos. I have question for you. What would be a realistic average monthly return on capital from day trading? In terms of percentage. Thanks in advance.
Hey thank you!
I go into this in one of my videos, th-cam.com/video/Jsl1s9hMPeE/w-d-xo.html
Long and the short of it, in my opinion, once you’re consistently profitable, and that’s a big caveat, trading futures with a method similar to how i do - one unit of risk per day. Ie the risk of one trade per day. So if you risk 0.5% per trade, once you’re consistently profitable, I would think you should be able to expect to make 0.5% per day on average trading futures. Everyone is different of course, but that’s how I look at it.
Really, anything better than 5% a month is good. Anything above 10% is excellent.
I've been paper trading for about a week or so. im up almost 8% so far. however, this is solely due to me getting stuck in long positions (no stop loss) and deciding to roll the dice and hold overnight. I've gotten lucky. the next day the market was up quite a bit and i closed out of my position for a good profit. this has happened to my twice so far. have you ever found yourself in this situation, Matt? how did you handle it?
Hey Dave!
I never hold a futures trade overnight. Never have and probably never will as I don’t swing trade futures. I’ve held a ton of forex trades overnight in years past though. I just like being flat overnight rather than waking up to being up or down etc.
I wouldn’t take a trade I could get stuck in without a stop under any circumstance though. How are you getting stuck in trades? If you’re trading futures you can exit overnight except on the weekend.
Have a great night Dave!
Hey just found your channel and your videos, good stuff! Most of your videos are winning days, could you show a losing day and how you handle loss day (if you get losing day hahah)?
Hey Stian, thank you! Glad you found us.
There are a few losing days in there though they are quite small and some scratch days also, they’re back in the videos. I’ve shown every futures trade I’ve taken in one way or another on here since I started doing these last winter. I fortunately very rarely have losing days because of the way I trade, and that I’m content to take what i can get rather than swing for the fences. I also don’t hesitate to skip a session if I’m not in the right frame of mind or not feeling well, or if the market isn’t feeling well lol.
Have a great night and thanks for watching.
@@DTND Awsome man thanks for answer! You got a inspirational way of thinking and acting man. Will continue enjoying your content :)
He has a couple hes recorded
Great video. Just wondering if you use a R:R for each trade or is it all intuition? Thank you
Hey Jake;
I like to have at least 2:1 reward/risk to take a trade, ideally more, BUT I usually get out early. There has to be a reasonable target that’s far enough initially. You generally won’t see me take a 1:1 trade entry, even though I will punch out at 1:1 sometimes mid trade
@@DTND that makes sense. Thank you for answering.
Is there a good calendar that shows what financial events that are coming up that will effect the markets like CPI reports and NonFarm etc.?
Forex factory is the best I’ve found. They have a calendar that lists each event and time of release each day. Just my two cents
I’ve used forex factory for years until I recently discovered financialjuice. It really takes it to another level, announcements are colour coded in real time (short delay) and they publish the actual reports on the site among other things. Free also.
Despite everything do you still find your self ignoring your rules and revenge trading or going into lizard mode even now?
learning how to trade may take up to 3years+
For sure it can Captain, it can take forever sometimes too lol! Thanks for your comment!
@@DTND most of it is mental game in long term growth too
You traded at the funeral home as it was kind of dead around there at times 😉
Ha it was a lot quieter than our place that’s for sure