My 10 Essentials for Day Trading

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  • เผยแพร่เมื่อ 2 ต.ค. 2024
  • GQ has these 10 essentials videos and I thought why not share mine, for day trading though. I'll try to post some links later for some of the things mentioned.
    You can also connect with me on:
    Instagram: @jamesrichyoung
    Disclaimer: All information presented in this video and channel is for educational purposes only. Nothing is intended to be financial advice.

ความคิดเห็น • 110

  • @themikwebber
    @themikwebber ปีที่แล้ว +41

    I have a 5 month old daughter who means the world to me. I need to keep a picture of her on my trading desk. Maybe that will remind me why I’m trading.

  • @ihodlpotatoes9340
    @ihodlpotatoes9340 ปีที่แล้ว +22

    I love the idea of printing out a sheet for the trading journal. I tend to neglect doing it after a few times it if it's in a book format. Thank you.

    • @jamesrichyoung
      @jamesrichyoung  ปีที่แล้ว

      Yes and then I just organize them in a binder by the year.

    • @umapuma2136
      @umapuma2136 10 หลายเดือนก่อน

      @@jamesrichyoung Hey man, I just discovered your channel and love it. Keep it up

  • @favoursmith8501
    @favoursmith8501 ปีที่แล้ว +7

    The CEO of SVB told depositors to stay calm, guess he knew the bailout was coming. I wish to get information regarding insider trading? is this possible or must every other person stick with the rat race?

    • @fxkathybviatelegramonly4016
      @fxkathybviatelegramonly4016 ปีที่แล้ว

      I sourced out an advisor regarding information like this. Questioned me if I had any govt related officials or relatives working in a brokerage before taking me on, and has somehow predicted outcomes correctly. She is currently growing my cash reserve, I am up by 61% enough to make up for penalties on my IRA and I am still cautious how much I let into the markets at this point.

    • @favoursmith8501
      @favoursmith8501 ปีที่แล้ว

      intriguing, is she on youtube?

    • @emmapriscilla6132
      @emmapriscilla6132 ปีที่แล้ว

      If you could get information on insider-trading you would be an insider.

    • @fxkathybviatelegramonly4016
      @fxkathybviatelegramonly4016 ปีที่แล้ว

      TH-cam? no, imo experienced advisors know better how the markets turn out. She popped up during our research for someone in Maryland but ever since she moved to New York, we have don business strictly by emails/calls/text. Sometimes try to squeeze in a zoom with my husband.

    • @favoursmith8501
      @favoursmith8501 ปีที่แล้ว

      is she licensed? can I get a phone number or social maybe?

  • @Benjaminmcauley376
    @Benjaminmcauley376 10 หลายเดือนก่อน +89

    I'm glad I got into crypto when I did because it’s been a turning point for me financially, been my best decision so far.

    • @stevenrice500
      @stevenrice500 10 หลายเดือนก่อน

      Inspiring! Do you think you can give me some advice on how to invest in a healthy way as you are doing?

    • @travisobrien09
      @travisobrien09 10 หลายเดือนก่อน

      Bitcoin has been falling for a while now and could fall further or close to rise again. The truth is that no one knows, I believe it's the right time to buy and also get a pro's assistant

    • @dr.mohammed.erdogan
      @dr.mohammed.erdogan 10 หลายเดือนก่อน

      wow.. amazing to see others who trade with Mrs Claudia Jenkins, i'm currently on my 5th trade with her and my portfolio has grown tremendously.

    • @Austin195
      @Austin195 10 หลายเดือนก่อน

      Isn't that the same Mrs. Claudia Jenkins that my neighbours are talking about, she has to be a perfect expert for people to talk about her so well

    • @stevenrice500
      @stevenrice500 10 หลายเดือนก่อน

      Please how can I contact this woman Claudia Jenkins? I will also like to invest with her

  • @coachkipfinance
    @coachkipfinance 10 หลายเดือนก่อน

    I really like the idea of a play sheet. With my coaching and sports background that really hit me and something I am going to put that in practice.

  • @qilingandfriends
    @qilingandfriends ปีที่แล้ว +2

    Why not just make a automated script and it will solve most of the hardware issue, including UPS. :)

  • @MrPotatoHeadFX
    @MrPotatoHeadFX ปีที่แล้ว +3

    You missed the most important tool... Coffee :D

  • @SirAngst
    @SirAngst ปีที่แล้ว +3

    Just found your channel which is crazy, but good authentic, scam free content. I enjoy your life vlogs on progress of your house etc. I am full time employed with a good job, and a couple other side hustles, but I trade 2 days a week, and I have been profitable for a couple few years now, not like you. My R is only 100. Im afraid to go any higher than that. (also becaue of time constraints mostly swing trades lately) Do you have any vids on how you set quick stops, and selling half/adding with TOS? I usually just use bracket trades on the active trader and was wondering if there is a better/quicker way to do it with that platform? Thanks.

  • @mrmonz
    @mrmonz ปีที่แล้ว +1

    Dang bro you have inspired me all over again. Thank you.

  • @okkrom
    @okkrom ปีที่แล้ว +7

    No affiliate links?! I want to buy everything you suggest and be just like you!
    On a more serious note; If you didnt think about it, you could add more power supplies to get more run time. Maybe plug your PC into one and only allow 2 screens to run on another one.
    Cute story about Tyson. I have a 10 months old at home and he is (almost) always happy. Even on bad days I just can't stay grumpy when he comes over and tries to reach anything and everything on my desk.

    • @jamesrichyoung
      @jamesrichyoung  ปีที่แล้ว +2

      Haha thanks Elias! Yes I do have two but even if I got more I'm only adding minutes so it's fine. And congrats!

  • @kinzakhalid9087
    @kinzakhalid9087 ปีที่แล้ว +2

    I m ur huge fan.. thanks for sharing ur knowledge and skills with us.. One request plz if you could share ur carry over list, how do u actually select stocks. Thanks once again.

    • @cadehaak
      @cadehaak ปีที่แล้ว +1

      He’s made a video on this already. Check his videos on patterns and gap stocks

  • @tonysmith7554
    @tonysmith7554 ปีที่แล้ว +2

    I want to know what monitors your using ,and the size?

  • @laowai2000
    @laowai2000 ปีที่แล้ว +2

    Upsize that calculator. Something larger a lot easier and more efficient to use!

  • @Jdgarcia19866
    @Jdgarcia19866 ปีที่แล้ว +3

    could you share your traing journal is it a google sheet?

  • @pedrombaptista
    @pedrombaptista ปีที่แล้ว +4

    When I started to trade on Betfair back in 2007 I broke like 10 calculators when I got mad, I stumble on this video and I remembered that my calculators were just like that one small with sun energy thing. Im only a sports exchange guy but I think your videos are really good, keep up the good work. PS: dont break the calculator lel

  • @pinkfloyt6706
    @pinkfloyt6706 ปีที่แล้ว +2

    I am a full time trader and when my 18yo wannabe trader nephew asked me what it the tool I am using while trading the most I told him: calculator.
    He did not ask more questions, he probably thought I was making fun of him but it is true, calculator and the ruler.

  • @williamy3356
    @williamy3356 ปีที่แล้ว +4

    Great content, thanks for all the videos James. Looking forward to the next videos.

  • @dailydoseofshorts69
    @dailydoseofshorts69 ปีที่แล้ว +2

    like it very much more of this pls

  • @Memphis_10-f8j
    @Memphis_10-f8j ปีที่แล้ว +4

    Great video big bro. Hope the house is coming along nicely!

    • @jamesrichyoung
      @jamesrichyoung  ปีที่แล้ว +1

      Thanks Joe! It's been at a stand still for quite some time but should get things moving again by next month

  • @crazyhead1588
    @crazyhead1588 ปีที่แล้ว +1

    Why m I addicted to your vids even though i know the trading shit already little bit

  • @adityapatnaik7078
    @adityapatnaik7078 ปีที่แล้ว +1

    you look rich and young

  • @hdlink78
    @hdlink78 ปีที่แล้ว +1

    James, can you share where you got your wrist pad? cannot find the same item from amazon.... appreciate.....

  • @bashulto
    @bashulto ปีที่แล้ว +2

    Great! I used to have a sizing sheet. I just wrote code to do it automatically on TWS and it is what i now use.

  • @Doctorlockpick
    @Doctorlockpick ปีที่แล้ว +1

    Vertical mouse

  • @WeSnapple
    @WeSnapple ปีที่แล้ว +1

    awesome video James!

  • @DirkDiggler-z1z
    @DirkDiggler-z1z หลายเดือนก่อน

    I know iPhone isnt optimal but I’m looking to save for a day trading setup. Desktop mainly. Very new to this but I’m enjoying it

  • @views40
    @views40 6 หลายเดือนก่อน

    SUPERB video! Thank you!!

  • @Pedrotchang
    @Pedrotchang ปีที่แล้ว +1

    Excited to be a father someday, so #10 was awesome!

  • @m8_981
    @m8_981 ปีที่แล้ว +1

    1. Essential is beeing named "rich" :P

  • @JonahBCarpenter
    @JonahBCarpenter ปีที่แล้ว +1

    My wife and kiddos is why I trade. ❤

  • @ABhd84
    @ABhd84 7 หลายเดือนก่อน

    Unreal mate, are you sure you not secretly Ben Kim from billions?

  • @lightofmylife1616
    @lightofmylife1616 ปีที่แล้ว +2

    Any difference between elgato stream deck and X key?

    • @jamesrichyoung
      @jamesrichyoung  ปีที่แล้ว +2

      Both can do the same trick but I prefer the xkeys because it's made to be held in the hand and is more customizable to your liking.

  • @ZeebPL
    @ZeebPL 2 หลายเดือนก่อน

    Backup battery, just use a stoploss.. wtf

  • @ivanred4497
    @ivanred4497 ปีที่แล้ว

    No bumps on my wrist!
    Working for 6 years already. Earning up to 50 000 per day.
    No glasses - they make me nervous.
    No special keypads - no hurry / fuss in trading. Every trade is thought over for 60 minutes at least!
    Desktop is not crucial for trading, you can do it on the phone without fuss.
    But you definitely need a big screen for technical analysis.
    I have Apple for training videos and reading + gaming monitor for technical analysis in Tradingview
    No calculators - if you can’t quickly calculate in mind your profits and losses / stop losses and take profits - you shouldn’t be in trading

  • @ludicycle
    @ludicycle ปีที่แล้ว +1

    Nice videos! I like the blue blockers however you might want to try toggling to a dark screens for your charts so your pupils/eyes don't strain. It will also help with the headaches you mentioned. ☮

  • @otm777
    @otm777 ปีที่แล้ว +1

    Very practical essentials!

  • @asc81821able
    @asc81821able ปีที่แล้ว +1

    More content bro! I like it

  • @andys6385
    @andys6385 11 หลายเดือนก่อน

    can you tell us what's on the trading journal

  • @filoniz
    @filoniz 3 หลายเดือนก่อน

    You for got the hidden urinal.

  • @anna2424able
    @anna2424able ปีที่แล้ว +1

    Another great video 😊

  • @drydessert4198
    @drydessert4198 ปีที่แล้ว

    You can get batteries that last a few hours for 500. It depends on your computer, of course. One option is to have one computer that uses less power particularly for the case of power outage. Perhaps the best in that regard at the moment would be a Macbook or Mac mini with M1/M2 CPU. Even with your regular PC and not switching off any scree, you do not need to spend 10k. Look for 'solar generator' on youtube. You don't have to actually connect solar panels. You can load them with your regular AC socket in the wall. It won't be hard to find your favorite. Just watch a few reviews. With trading income high enough, it can make sense to get a Starlink internet dish as a backup for the connection.

  • @CrAzYDUde2587
    @CrAzYDUde2587 ปีที่แล้ว

    9:10 what a smart lil guy

  • @thesturdygentleman
    @thesturdygentleman 9 หลายเดือนก่อน

    been trading off the newest iphone model each year, never needed anything else to day trade, even if i scalped lol🤣

    • @thesturdygentleman
      @thesturdygentleman 9 หลายเดือนก่อน

      you get a 200 dollar battery that give you 10 more minutes of battery, then subsequently pull out your iphone and say you can manage any trades from there lol

  • @lexbraxman9270
    @lexbraxman9270 ปีที่แล้ว +3

    Love those photos!

  • @adenpakaraonepat1428
    @adenpakaraonepat1428 ปีที่แล้ว +1

    Love the moment about the photo

  • @Thomas-lq7wr
    @Thomas-lq7wr 6 หลายเดือนก่อน

    can you just turn off the blue light instead of wearing glasses?

  • @thatdudemarpodcast4410
    @thatdudemarpodcast4410 5 หลายเดือนก่อน

    This is EPIC 👏🏾

  • @AM2K2
    @AM2K2 ปีที่แล้ว

    I can't find the video where you talk about this share sizing list - could you link it please?

  • @nareshkumar-mt8ff
    @nareshkumar-mt8ff 4 หลายเดือนก่อน

    Great vid! Where can we find a copy of the journal template?

  • @srirajan404
    @srirajan404 ปีที่แล้ว

    James, is Starlink available in your area for your backup Internet provider?

  • @ewlincueto
    @ewlincueto 11 หลายเดือนก่อน

    What platforms do you use and of the two, which one is your favorite and why?

  • @Locvfx
    @Locvfx 6 หลายเดือนก่อน

    i wish you more success

  • @kennedytrades
    @kennedytrades 11 หลายเดือนก่อน

    Every time I watch your videos, i think "he's living my life in the future" your son is awesome man!

  • @evantfunk
    @evantfunk ปีที่แล้ว

    Honest standing desk has been great. Gets the brain working for watching orderflow and the tape.

  • @3Jinx3
    @3Jinx3 ปีที่แล้ว

    tilt is all i need for daytrading)

  • @jakeweston8616
    @jakeweston8616 ปีที่แล้ว

    This guy makes excellent videos.

  • @LuckyPunk13
    @LuckyPunk13 ปีที่แล้ว

    let me guess.. you still don't know how to add links in screen (since you say you will add it and i can't see any) ? :D by the way great content!

  • @CrAzYDUde2587
    @CrAzYDUde2587 ปีที่แล้ว

    Great video man! you got me interested in getting an xkey, was there a guide you followed regarding the setup for trading or did you just set it up yourself with your own ideas of what keys to set?

  • @irecommendtv2067
    @irecommendtv2067 ปีที่แล้ว +1

    Duplicate yourself, thats how you get to live forever. How? TRAINING VIDEOS 🙂. Waiting earnestly for the kickoff.

  • @diljotsinghbatth5871
    @diljotsinghbatth5871 ปีที่แล้ว

    Hiii james how can i reach you?!

  • @tubertaa3400
    @tubertaa3400 ปีที่แล้ว

    Your 10th essential is the best. ❤

  • @Mike-iq9uh
    @Mike-iq9uh ปีที่แล้ว

    Love your videos. For the X keys add on. Does your platform need to support hotkeys in order for you to use it?

    • @_d0ser
      @_d0ser ปีที่แล้ว

      If your platform DOESN'T support hotkeys you need a new platform.

  • @LongTu167
    @LongTu167 ปีที่แล้ว

    Thanks for sharing James !!!

  • @BankBanditzFx
    @BankBanditzFx ปีที่แล้ว

    Wheres the course at?

  • @TheNoctus11
    @TheNoctus11 ปีที่แล้ว

    respect

  • @derekwfrazier
    @derekwfrazier ปีที่แล้ว

    6:10 😂

  • @niapinto1160
    @niapinto1160 ปีที่แล้ว

    Please sell a course.

  • @obomasinladen
    @obomasinladen ปีที่แล้ว

    dudes still falling for the blue light glasses in 2023 😂