The Most Consistent Trading Strategy ft. Bao (30-Year Trading Veteran)
ฝัง
- เผยแพร่เมื่อ 20 มี.ค. 2024
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This retail trader has the most impressive experience in trading. Meet the legendary trading OG, Bao (aka Modern_Rock). Bao started retail trading way back in the late 1990s. He is the most experienced day trader, and probably the most extroverted trader I’ve met. Bao became a self-taught retail trader back in the time when trading brokers were rare and the internet was not even available to most households.
In this podcast, this veteran trader explains how market manipulation works and evolves over time. After seeing various trading strategies crushed by the algorithms of the stock market, he shares insights and strategies that retail traders should know to survive in the stock market.
There are so many things to learn in trading, but this veteran trader will tell you how to narrow down what you need to learn and develop your edge as a trader.
02:38 How to become a risk-averse trader
15:06 How market manipulation works against retail traders
19:27 Bao’s most memorable trade and his ‘nail and bail’ trading strategy
39:09 Bao's edge and strategies evolved over time
55:18 Markets controlled by algorithms and how to adapt
#traderpodcast #baonguyen #daytrading #stocks #stockmarket #humbledtrader #millionairetrader
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What is you opinion on how the market makers' algorithms are changing our edge as retail traders? Let me know👇
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madam can you please list the broker that can limit our loss in a daily or weekly basis please thank you!
It all boils down to personal belief. I for one trade using SMC, so I am a firm believer in algos.
It's not as if this is hidden knowledge or anything. The market is 80% algorithmic trading, plenty of articles on this stuff, nothing new ✋️
I like algos for their rithm. The "rithm" (rhythm) is where I find my edge.
I noticed that the algorithms clearly have improved over the years to reduce our edges and improve their profits. Prior to 2019, trading was so easy for me it was like taking candy from a baby. Now I have to be much better in my strategies, timing, and money management.
Thanks for having me on Shay! I didn't want to get into details specific trading strategies because you can find that on my twitter and youtube and other places i teach. I didn't want to spend the interview selling myself but instead give fun stories of trading that not many know about. I didn't want to bore anyone with the details of trading education but rather keep the conversation fun. If you guys want specifics i am willing for a follow up interview. List your questions i can answer them on Twitter or on youtube ! Good luck on your journey everyone!
Bao you're the man gee!!! S/O from Australia bro! Enjoyed this very much and appreciate you sharing all your exciting trading stories with us.
Bao you were very honest in this interview - treat trading as a hobby or a business. You were also very real about the cost personally. Very important for people to hear these comments.
Enjoying your Rick Astley playlist, sir. I think at this point, it would take me years just to consume enough freely available content to assemble the necessary context for a wise question.
Your time was very much appreciated learned so much to listen to stories. They really help. Thank you Shay for having him Bao on. 🙏🙏🙏🤩🤩🤩🤩🤩
Bao 💯💪👍
2:30 Modern Rock
9:20 20 years of trading
15:30 Spoofing
20:00 1.4M trade
25:00 Market makers; algos
34:00 Smaller size, wider range
36:30 Engineering background; first trade in 1996
39:10 *Bao’s edge-nail and bail*
44:00 Day trading; market tuition
47:00 Keeping the money is hard
49:30 Trading is a mentored game
56:50 Constantly adapting edge
1:02:30 Investing in other people; be real
1:05:50 You have to have the right personality
1:07:05 Price of freedom
Cheers
Thanks for having me on!
-Bao
thanks for participating Bao :)
You're a wild dude, Bao 😅 but I love it! 👍🏽 learned plenty from this 🙏🏽
Great guy loved him
Excellent interview ……. really liked it !
🔥🔥🔥🔥🔥
My takeaways: find your edge, do hours upon hours of research and back testing, scale up your trades as you gain more confidence in your edge. 🙏
Cheers
Becoming a good trader takes time and patience. When i first got into trading i was liquidated twice, and lost my entire mortgage deposit. I could have given up, but decided to learn how to trade and put it into practice. 4 years later and i am glad i made that decision.
My portfolio has good companies, however it has been stalling since last year. I have approximately $200k stagnant in my reserve that needs growth.
That’s why I make it a point to speak with a financial advisor before choosing any investments. I’ve been using one since the pandemic, using profits oriented tactics and minimizing risks as a buffer against inevitable downtrends. In addition they have access to insider knowledge and analysis, making failure virtually impossible for them. I’ve made about millions working with my advisor for over three years now.
@@mariaguerrero08Mind if I ask you to recommend this particular coach you using their service?
'Gertrude Margaret Quinto' maintains an online presence. Just make a simple search for her name online.
Her website appeared right away, You've saved me several hours of research, I appreciate it.
This guy is pretty chill and very generous with his hard-earned information, also very funny. Mad respect!
Also, dang he looks young! Graduated Uni in 96??? That's almost 30 years ago... I was right around starting primary school at that time...
Me too 😅
i was even a vegetable during that time , like a mineral that my dad hasnt eaten yet and eventually became a sperm @@HumbledTraderOfficial
Great to hear from the legend. Thanks
This is such a great interview.
Bao & Alex are living Legends! Thank you for your brilliant insight and sharing of knowledge.
You do such excellent segments and interviews, and always bring out very useful information. Your channel is one of my favorites and I'm sincerely grateful for your hard work and your generous sharing. 🙏
The guy is fun to listen to and humbled looks prettier than ever!
My favorite channel Humbled trader thank you
I appreciate that!
Thank you for sharing. Bao’s experience and wisdom are gems!
🙌
Thoroughly enjoyed this guy!
" Investing in people is the best thing you can do in life" Wow! Greatest wisdom of al . Thank you Shay, and Bao for all you do for this community and many others. Amazing content and and amazing video!
LOVE THIS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
such a genuine and engaging conversation to listen to! i really enjoyed this podcast episode. there's always something to learn! and ideas to look out for, study and backtest. very intriguing to hear the stories of Bao's first hand experience around market makers, algos, and stock selection throughout the years 🔥
Glad you enjoyed it!
Very eye-opening for this fledgling trader. Insight into the history and evolution of anything is a vital comfort/confidence/control boost.
What an interview! You’ve always been one of my absolute favorites traders. Now I have another favorite! Thank you for your time and energy. This was highly insightful
Glad you enjoyed it!
Great interview love the guy
Great, great interview. Tapped on to the real philosophy/psychology involved with trading.👍👍👍👍
Bao's one of the only retail traders who serves it up to the big boys. They all know him, but he's nobodys fool. Some interesting insights into algo's and small account size under the radar trading. ty 4 interview.
Great interview!
Fantastic, thank you!
My three favorite channels: Humbled Trader, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥
Many thanks Shay and Bao for the amazing video!!! :)
🙌
I learned so much from this video, the stories Bao has are invaluable
🙌
Great convo! Always a pleasure listening to Bao speak.
🙌
Do Asians like to gamble?
I learned a lot in this video thank you guys 🙏🏼
Great, great interview ❤❤
This goes right into my top 3 podcast ever 👏👏👏
🙌
Awesome 💯😎 thank you ☺️
Hi Humbled Trader.. Get in that pool. looks great! relax and enjoy the sunshine .. it's snowing back here in Ontario and places west. But it's not raining Lambos.
You had a grand master as a guest? Thank you for the insights!
Very useful information
Thank you
What a knowledgeable confident trader. Thank you for this video. And I see you represent the hard-working average Joe 💪 . And teach your kids to trade after they get a degree.
Very interested interview going indeept details how this market actually work. Never hard of before
💯
This guy has ENERGY !
Hope Bao finds the way to be enjoying life while making a habit of trading less while enjoying life. appreciate his HONESTY awesome Shae
GREAT STUFF!
Glad you enjoyed it
Do you have a monthly live trading membership where I can follow along your trades in real time?
the ducks in the pool during the podcast 😅 - quite right about having Objectives !
😂😂😂😂
I ❤ your podcast... Nice to meet u ModernRock 😂
What I got out of this video is don't tell anyone your strategy, because an algorithm will eventually figure it out and crush you. You are best to hide out in your trading room make your money will you can . Then be prepared to come up with a new edge.
Ict will never change how it works. Depends on the trading method.
I did same, mortgage my home .. lol.
All is good, did many times, cash crunch during period of high probability..the numbers/data supported risk monster in me.
Thank you for postinggreat interview, appreciate all.
Happy And Safe week ahead.
Thanks for sharing 😇
Shay, with your podcasts you became a truly "Jack Schwager of 21st century" with your own Market Wizards. Keep doing great job, love your videos!
Wow, thank you!
Brasil
Parabéns pelo trabalho.
Love it
I love this guy!!!!
He is all over the place
I did this with RENT on Thursday. I took at 30% and I could've made 100% but the future can't be predicted and 30% in 20 minutes still had me smiling all day.
ganda ng usapan more power
So true about loosing trade
It’s funny he mentioned APM because I had a $1.82 price target set to the downside from 2022. Never looked at it again till he mentioned it.
so fractions cc aused brokera to nake more ?
What trading app do you use ??
Good guy!
What are zombie hrs ? New to the world of trading
Good vid. I grad'd college in 92.Been trading successfully since 98. Now putting my 24 yr old fiance through college. Life is good. ;)
I don’t understand the spoofing??? How do you hide shares?
Insightfull
Smalller size wider range is key
Yes 💯
Most kids probably haven't bothered to watch 'Wall Street' yet. You think Gordon Gecko was making stock orders on the phone for "and one-eighth, three-eighths tops" for the hell of it. I always love Bao's stories. I was a student of his for two years and now I have learned that he has stolen my idea to move to Asia. West coast time sucks as a trader. Could you tell me which country? I lived in Japan for five years as a kid. I was thinking Thailand this time. Great interview.
Why trade or hold when you can start using Eledator? Copy trading make it easier
Bao is one excited fellow
Very 😁😁😁
@@HumbledTraderOfficial lol
X cellent, very informative .. thankyou
so , setting stops is not always good, you show your cards, and they use them against you. better to put not true stops and in different sizes. But who has the time when velocity is required???
I was in this trade. They did this multiple times on FNMA for like a week or two. It went from like 0.87 to 1.25 to 2.5 each day and then tanked back down. I made a lot of money percentage wise, then lost about 40% of the profit by not getting out early the second day I tried it. It was literally like clockwork. The same time, everyday. Had to be like 2011-2012. I think it was summer or something. At first I thought it was because Fannie and Freddie was able to pay the government back sooner than expected for the housing market crash restructuring.
I still have FNMA on my watchlist to this day lol. Just in case it happens again.
How can I follow this guy?
Vietnamese successful trader luv it
Trading fractions and high commissions made trading much more difficult than now.
I cannot see any difference.
Back then when commissions were higher the volatility was higher as well.
To day volatility is lower which makes commission to be even lower.
Leverage is the one that put as at same spot.
To answer you.........
Trading today is actually difficult than back then because the level of efficiency is super great is almost impossible to find an alpha.
Get al brooks or lace beggs or atanas matov
so whats the consistent strategy!? did i miss it?
I traded with Bao back in the day in Investors Underground and I remember the day he nailed FNMA. Pretty wild day back then.
Today? That would have been a normal small cap move 🤣
Heyyyyyyyyyyyyyy Buddy! i remember ! Hope all is well bud !!
@@modernrock4358 Good interview, especially for those of us that were in the trenches back then. New traders are like a deer in headlights as we can see in the comments 🤣
Please interview Qullamaggie
I was , I am aaaaa, ooooooo, eeeeee, I, I, I, aaaaaa , ooooo, uuuuuu. Dude it it it it it it, so so so so so
He is a hell of communicator. 😂
I remember hearing about y2k I was 10 years old
You from Thailand?
'Nail and Bail' 📝🗝
Smaller size, wider range. 📝
I actually do pretty good trading small size 4-6am.
Do an interview with bernd skorupinski next?
Hi from 🇻🇳
hello! i love vietnam :)
I was wondering why smart money gets out early to sell their large position into the dumb money.
Great video! But she didn't ask him about how many Lamborghinis he had! 😮😂
Great Interview. I disagree with Bao on making just as much money as an engineer in a tech company. Sure it could happen, but you're just as likely to hit on a 100x stock as watch your company's stock options go up by 100x.
Ken Block can U-turn a car going 100mph lol
But yeah, i agree with him talking about the top, I see it too and that's usually where i get out.
Speed and distance is key
🔥🔥🔥🔥🔥
I wanna be "bored" like that 😅. But, actually, a lot of his ideas I find I do, too. Just in a much smaller scale lol....
He is the most chaotic trader
That’s OG trader, chaos is alpha.
There is nothing to learn from trading. You only learn experience and that’s what he is sharing.
💯
There is to learn
💎 Ares Capital (ARCC) 💎
I thought wash trade was illegal.
The justifying the loss is too real
lol true
I know how to hide my Trades❤
😂 Bao!!! Your story time Yoo!!! 💯💯💯 newbies don’t know that 😂
True story
Shay I love it! 💯💯💯
So true! ✊🏼
32:43 "If the vwap is three bucks but it's ten bucks" We need help here.
He’s saying the stock price is 10 bucks away from vwap
Works well to be a paranoid when trading 😅
How to become a youtuber. And quite trading that a good title and make more money