This video was the most comprehensive and informative of the videos SMB Capital has put out for beginning day traders! I have watched this video 3 times to unpack anything I may have not focused on deep enough while taking notes. Thank you for taking the time to produce the video and I'm looking forward to the ones to follow in this series!
I wish i learned what Lance said at 45min earlier. Got lucky with a strategy i came up with before 2020. Made an absolute killer in 2020/2021. Stopped working eventually. Should have started over again with 500 dollars and kept everything at the bank. Hard lesson.
Lance the KING handing out free gifts to us peasants again! Honestly I would pay a lot of money to just be able to pick your brain and you’re just out here doing god’s work giving it all for free. Thank you so much, you are a blessing to the trading community.!
What helped me is I printed out a bunch of 2 min daily charts and then copied/traced them. Staring with the moving averages and then candlesticks... after 25 charts things started to become clear.
It is unusual to see a Master Trader understand how the Universe works. Most try to sell what they have learned and a wise few give it away for free knowing that Heaven rewards this a 100 times greater than what those who sell it recieve. Very well done Lance. SMB also benefits from all the content they post for free. Well done to Mike and the team at SMB. A wise person has learned that one can not outgive Heaven and the more you give the more you recieve.
Thank you SMB and Lance for creating such a helpful, purposeful, thorough lesson for beginner day traders! Great information in a clear form for general viewers. Very cool guys! 🔥🙌🏼💪🏼🙏🏽
Thank you for such a great video! Came across you through Shay’s interview episode, you’ve been so real about how hard trading is, but with hardworking there’s possibilities! Myself being a female trader and I want(not hope) become a profitable trader in 1 to 1.5 years from now! Will comeback check this comment by then 💪
Thank you for this video, I feel like I knew a lot of this stuff but explanations are very straightforward and revisiting this info has been helpful. 👍
What a statement, damn. So it's said that *VRI TOKEN* is just about to launch and I think that will really change a lot of what was happening in the previous years, 2023 will shine yay
Thank you Lance for this video. I'm going back a second time to take notes. Question: Is the development process any different with Futures rather than Stock trading? Is one path easier for a retail person to succeed than the other? Thank you
Love the SMB and Lance Videos. Watched 2hr Webinar today. Professional and very informative. Currently in the STT Stocks To Trade DIT Daily Income Trader program but need a solid education. Tim Bohen and Tim Sykes insult and belittle the students who have bought into their program. Tim Sykes charges 12k for his Challenge and it is disjointed and confusing. Didn't join but spoke to people who did. Bohen has 1000 videos that don't add up to a hill of beans. No methods. Just do this do that and if you fail who cares. Constant upsetting.
Can you do a video for beginners on premarket trading? It seems that between 7am and 9:30am is a highly profitable time period and even more so in the last year.
Mike, you said “I remember how close he was to quitting almost a year into his trading career”…but Lance didn’t trade at SMB Capital. He traded at Trillium. Don’t act like your firm developed him. Lol. His story is well known.
Thank u so much… i’ve been wanting to learn this… traded for years n i just learn as i go without knowing everything 😊 This is so informative… i appreciate you a lot!
Lesrning a lot from you. What maximun capital can be managed with day trading approximately if one is trading in large cap stocks ? How do I find that out for any market?
Edge are so small today thanks to ever increasing efficiency in markets that are tradeable. I think most trader will fail in daytrading, it's so expensive because of the bid/ask spread the investor, of course, cannot escape.
I need to practice reading the tape as this separates the prop guys from retail. Other than real-time practice, anyway I can learn on what to look for in the bids and offers?
I’d recommend recording screen and building database of stocks that are super in-play (fresh news or making huge moves.) for example $VFS today on spike to $47. Also google “smbcapital TH-cam highlight reel” for video on that
It's like Linch said...If a Grade 5 Student gets the Math, U make it to the NYSE/Stocks/Trading Investing. And I feelu about to give a way a huge Laughing cuz the Deeper u go the more Dunky Donnuts we're eating here jajajaja. Amazing Vid. BlessUp!
Thanks for the basics, but this is for very newbie traders. What I dislike about these types of videos is the pushing of courses, some costs of which is paid by brokers to keep people trading. When they ban IBAs, I'll be less skeptical.
Hello, I am a full-time freelance trader. After I watched your videos on the Humble Trader channel, I really wanted to work with you. I am very interested in the hybrid trader job. Your company has a trial position. any work? And working from home?
So, how can we ensure a real Stop Loss after market and pre market? One of my trades had bad news overnight, and if there’s not enough shares at the price set, to fill my Stop Limit (much sell orders won’t be filled). And Stop Limit is the only stop loss that can execute outside RTH hours (before and after market hours) And I’m not in the US Timezone.
Just FYI, a 20% chance of rain means that 20% of the designated area may get rain. It does not mean that there is a 20% chance of rain occurring over the area. Otherwise, great video.
Beginner: i did not understand the long and short and you covered it and still made profit? any basics for this would be helpful. this is at 13 min time line. thank you at 30 to 32 min time it its says shorting. Does that mean you sell your stocks at high price and buy them back when they are at low price. it shows we made profit. it means we can sell the same stock at a later high price? at 58.25: the stop limit says 22.50 but we have many share that the less than that why didn't we take those options as we are loosing on the money? or did i get this concept wrong?
Shorting a stock means you borrow the shares from your broker, sell them at the higher price, wait for the price to lower, buy the shares at the lower price, then give them back to your broker. It is essentially a loan. The potential risk is huge because a stock can get squeezed up, dramatically increasing the price of the stock. If you borrow 100 shares at $20 a share, you'd owe your broker $2000. If the share price drops to $10, you would buy 100 shares for $1000 to give back to your broker. You would have profited $1000. However, if breaking news causes the share to squeeze up to $100 a share, it would cost you $10,000 to buy 100 shares. If you bought at that price to cover what you owe your broker, you would potentially be in debt to your broker for $10,000. Where it gets tricky is what's called a margin call. Your broker needs to manage their own risk. They do not have to wait until the share price comes down. They may decide to cut their losses and issue a margin call, forcing you to cover your position (buy shares and return them to your broker). Whatever assets you have in your trading account will be liquidated to cover what you owe and, if it's not enough, you'll owe the rest in debt at whatever margin rates your broker set.
Download Lance's Resources PDF: smbcapital.lpages.co/smb-beginner-trading-course-pdf/
Lance Twitter: twitter.com/TheOneLanceB
SMB Free Workshop: tradingworkshop.com
I tried few times, but couldn't receive your PDF though
@@thinhtrinhtuan6705 please email support at smbcap dot com.
I look forward to your videos on specific Edges.
I like Lance's realistic approach to investing in self, energetic drive, and continuous skills development. No gimmicks, just straight realism.
This is the best beginner trading video I’ve seen. Listen to everything Lance says. He is one of the best in the business
Thank you for the kind words 🙏
This video was the most comprehensive and informative of the videos SMB Capital has put out for beginning day traders! I have watched this video 3 times to unpack anything I may have not focused on deep enough while taking notes. Thank you for taking the time to produce the video and I'm looking forward to the ones to follow in this series!
Love to hear it, thank you for the kind words 🙏
This is really great Lance and Bella. Years of learnings compressed into one video. Thank you!
Thank you for watching 🙏
45:38 priceless info.
Thank you Lance, Bella and SMB for putting such a concise and helpful video for people like me who look to train for daily trading
I haven't even watched it and I'm giving it a thumbs up. Seriously though, will have my notebook out and coffee to dissect this thing. Thank you SMB!
Thank you for following 🙏
Cant thank you enough for your time and wisdom. You didn't need to do this. Thank you.
Thx SMB for helping us small timers!
Day Trading = Most Edge and Least Variance. Totally contradictory statement to the rest of the community. Amazing Lance. Thanks a lot!
I wish i learned what Lance said at 45min earlier. Got lucky with a strategy i came up with before 2020. Made an absolute killer in 2020/2021. Stopped working eventually.
Should have started over again with 500 dollars and kept everything at the bank. Hard lesson.
Thank you Lance and SMB!
@SMB Capital thanks for the video y'all keep posting... Very helpful to us new and aspiring traders.
Lance the KING handing out free gifts to us peasants again! Honestly I would pay a lot of money to just be able to pick your brain and you’re just out here doing god’s work giving it all for free. Thank you so much, you are a blessing to the trading community.!
Lance make it so clear its crazy, thank you very much
nice video. good insights.
Lance is an awesome guy, thanks for this video.
Appreciate the kind words, thanks for watching. More great content to come 🙏
Another munition in the beginner trader arsenal. Thankyou
What helped me is I printed out a bunch of 2 min daily charts and then copied/traced them. Staring with the moving averages and then candlesticks... after 25 charts things started to become clear.
by all means.. I record always two charts for each trade, one at the moment of entry and another one at EOD.
What do you mean two min daily charts? Why do you copy / trace them?
I wish I had seen this back when I got started...
Appreciate all your content Lance & SMB!!
thx lukas!
Thanks for putting this video together, great refresher and many golden nuggets for any trading level. Looking forward to the advanced stuff!
lol "any"
This is great stuff, thanks for putting this together....
Great video Lance and thank you very much for all the support and advice😁
Wow! What a gem! Thank you SMB for sharing this with us
Im going to watch this again and again.
Always making great videos to help traders.
Thanks!
glad you enjoyed, thx for watching!
It is unusual to see a Master Trader understand how the Universe works. Most try to sell what they have learned and a wise few give it away for free knowing that Heaven rewards this a 100 times greater than what those who sell it recieve. Very well done Lance. SMB also benefits from all the content they post for free. Well done to Mike and the team at SMB. A wise person has learned that one can not outgive Heaven and the more you give the more you recieve.
Thank you Lance and SMB
Very informative. Thank you Lance and Bella!
this is the best videos i have ever seen thanks, Lance
Thanks for putting that together really appreciated, learned alot already..
Solid information for the beginner, a great refresher of basic knowledge for profitable traders. And I would say. I wish I had this when I started!🎉
I have been trading since mid 2018 and have taken DNA and The Winning Trader.
No way I am not watching this. Likely several times over.
Hope you find value from it :)
Good video Lance , Great video with in depth Pro's and Con's..
Can’t wait to be apart of your team! Thank you for your knowledge.
thank so much great information
Thank you SMB and Lance for creating such a helpful, purposeful, thorough lesson for beginner day traders! Great information in a clear form for general viewers. Very cool guys! 🔥🙌🏼💪🏼🙏🏽
this is inspiring me to get back in.
U should good luck
Thank you for such a great video! Came across you through Shay’s interview episode, you’ve been so real about how hard trading is, but with hardworking there’s possibilities! Myself being a female trader and I want(not hope) become a profitable trader in 1 to 1.5 years from now! Will comeback check this comment by then 💪
Lance The Peoples Champ!
Very helpful material. Thank you! Will there be a part two?
Took FOUR years to become consistently profitable... 2 years is actually very aggressive, most don't become profitable in that time.
Amazing content, thank you so much! 🙏
Thank you from Australia ❤
It's funny how many people go watch furu videos and not these guys. Anything from Lance is priceless!
Best scientific video I have ever seen
This is by far the best video I have seen about trading for beginners,
Thank you
Thank you very much!
This is absolutely brilliant. Thank you!
Glad you enjoyed! More to come…
Thanks for this so much needed training in the internet space.
Thank you for this video, I feel like I knew a lot of this stuff but explanations are very straightforward and revisiting this info has been helpful. 👍
More to come, thanks for watching :)
Thanks thanks a lot . Sir your words are giving me positive vibes that I can be a trader. Thanks🎉🎉🎉🎉🎉
Ive been trading 7 years and i still watch videos just for relaxation 😁😎
🤯🤯🤯🤯🤯🤯 Peoples Champ!!!
Thanks for putting up that video for the rookies like me.... You'll hear from me soon ✍
Thank you.
What a statement, damn. So it's said that *VRI TOKEN* is just about to launch and I think that will really change a lot of what was happening in the previous years, 2023 will shine yay
Lance the only man I can't watch at 2x speed 😂. Thanks SMB and Lance. 🙏
Thank you for the kind words! 🙏
I wish Lance had his own TH-cam channel as I'm not on the other platforms! Would be awesome!
He does.
@@Maver1ck101 So what's the name of it? couldn't find it!
Thanks Lance, appreciate you taking the time to help the masses. I hope the universe hooks you up.
At the Vid. time Minute 33 and between the SECONDS 5 TO 7 I felt you. (min. 33:05/07).
can I still download the PDF? it seems i cant receiver it!! thanks Lance and SMB for the great course!!
Thank you Lance for this video. I'm going back a second time to take notes. Question: Is the development process any different with Futures rather than Stock trading? Is one path easier for a retail person to succeed than the other? Thank you
Love the SMB and Lance Videos. Watched 2hr Webinar today. Professional and very informative. Currently in the STT Stocks To Trade DIT Daily Income Trader program but need a solid education. Tim Bohen and Tim Sykes insult and belittle the students who have bought into their program. Tim Sykes charges 12k for his Challenge and it is disjointed and confusing. Didn't join but spoke to people who did. Bohen has 1000 videos that don't add up to a hill of beans. No methods. Just do this do that and if you fail who cares. Constant upsetting.
Awesome 👌 👏 👍
Made $10k so far this week using some of his data/strategies. Pretty cool to see this now.
Love to hear it! Rock on 🤜🤛
What resource do you use to review the news you review each morning?
This wasn’t a guide in day trading this is trading vocabulary 101
Thanks lance.
Would there be a follow up to this video?
Yep! (Unless the video totally tanks, we plan on making an extended series on this.)
Are you an algo trader Lance?
Very helpful video for trading rookies like me 👏🙏 Thank you Lance, Mike and SMB.
Wasnt this posted in the moring?
TH-cam scheduler posted at 12AM for some reason so had it rescheduled for market close.
I like watching this stuff
I love trading options but man I'm about to just stick with the wheel strategy, Covered Calls and Cash Secured Puts.
That's what I do plus some iron condors. It's not flashy but I have steady income.
Hi guys, Can you help us with a swing trading course for those who have a job and only trade part-time?
Great video for the beginners for free.. Some charge 5k for this type of information in here..kudos to the effort Lance..Thank you
Appreciate you watching 🙏
Can you do a video for beginners on premarket trading? It seems that between 7am and 9:30am is a highly profitable time period and even more so in the last year.
Mike, you said “I remember how close he was to quitting almost a year into his trading career”…but Lance didn’t trade at SMB Capital. He traded at Trillium. Don’t act like your firm developed him. Lol. His story is well known.
Thank u so much… i’ve been wanting to learn this… traded for years n i just learn as i go without knowing everything 😊
This is so informative… i appreciate you a lot!
from where you got the data of market size table ??
Lesrning a lot from you. What maximun capital can be managed with day trading approximately if one is trading in large cap stocks ? How do I find that out for any market?
Edge are so small today thanks to ever increasing efficiency in markets that are tradeable. I think most trader will fail in daytrading, it's so expensive because of the bid/ask spread the investor, of course, cannot escape.
SMB #1
I need to practice reading the tape as this separates the prop guys from retail. Other than real-time practice, anyway I can learn on what to look for in the bids and offers?
I’d recommend recording screen and building database of stocks that are super in-play (fresh news or making huge moves.) for example $VFS today on spike to $47. Also google “smbcapital TH-cam highlight reel” for video on that
Wouldn’t A.I. be crucial now, if it’s about pattern recognition etc?
It's like Linch said...If a Grade 5 Student gets the Math, U make it to the NYSE/Stocks/Trading Investing. And I feelu about to give a way a huge Laughing cuz the Deeper u go the more Dunky Donnuts we're eating here jajajaja. Amazing Vid. BlessUp!
This is so helpful. Dear Lord, I have only myself to blame for not losing these principles -$90K in losses ago.
TRADING STOCKS OR FOREX....SECONDLY HOW MUCH PROFIT PERCENT...IN HOW MUCH TIME..PLEASE MENTION
Thanks for the basics, but this is for very newbie traders. What I dislike about these types of videos is the pushing of courses, some costs of which is paid by brokers to keep people trading. When they ban IBAs, I'll be less skeptical.
Hey Mike, Can I work with u?
Hello, I am a full-time freelance trader. After I watched your videos on the Humble Trader channel, I really wanted to work with you. I am very interested in the hybrid trader job. Your company has a trial position. any work? And working from home?
So, how can we ensure a real Stop Loss after market and pre market?
One of my trades had bad news overnight, and if there’s not enough shares at the price set, to fill my Stop Limit (much sell orders won’t be filled).
And Stop Limit is the only stop loss that can execute outside RTH hours (before and after market hours)
And I’m not in the US Timezone.
Just FYI, a 20% chance of rain means that 20% of the designated area may get rain. It does not mean that there is a 20% chance of rain occurring over the area. Otherwise, great video.
That is a viral misconception I’m afraid lol:
www.weather.gov/lmk/pops
Beginner: i did not understand the long and short and you covered it and still made profit? any basics for this would be helpful. this is at 13 min time line. thank you
at 30 to 32 min time it its says shorting. Does that mean you sell your stocks at high price and buy them back when they are at low price. it shows we made profit. it means we can sell the same stock at a later high price?
at 58.25: the stop limit says 22.50 but we have many share that the less than that why didn't we take those options as we are loosing on the money? or did i get this concept wrong?
Shorting a stock means you borrow the shares from your broker, sell them at the higher price, wait for the price to lower, buy the shares at the lower price, then give them back to your broker.
It is essentially a loan. The potential risk is huge because a stock can get squeezed up, dramatically increasing the price of the stock.
If you borrow 100 shares at $20 a share, you'd owe your broker $2000. If the share price drops to $10, you would buy 100 shares for $1000 to give back to your broker. You would have profited $1000.
However, if breaking news causes the share to squeeze up to $100 a share, it would cost you $10,000 to buy 100 shares. If you bought at that price to cover what you owe your broker, you would potentially be in debt to your broker for $10,000.
Where it gets tricky is what's called a margin call. Your broker needs to manage their own risk. They do not have to wait until the share price comes down. They may decide to cut their losses and issue a margin call, forcing you to cover your position (buy shares and return them to your broker). Whatever assets you have in your trading account will be liquidated to cover what you owe and, if it's not enough, you'll owe the rest in debt at whatever margin rates your broker set.
Where are all the SMC, ICT, LamboRaul, MambaFX traders 🤡
😂
I freaked out when this was taken off for a few hours because I wasn't done watching it. 😅
I wonder what the highest amount made in one year for a trader at SMB is?
fundamentals