A Simple Trading Strategy for Beginner Day Traders [with proof...]
ฝัง
- เผยแพร่เมื่อ 27 ส.ค. 2020
- When you are a beginner day trader, keeping a strategy simple is going to give you the best results. One of the common misconceptions I see is beginner day traders who are new and just getting started think they need some kind of massive and elaborate trading strategy. Now yes, you certainly do need a trading that contains rules and requirements in order to make a trade; however, it also does not need to be total rocket science. In this video I want to show you (with actual proof) how you can implement a simple and straight forward trading strategy that will put you in the right spot to build from and gain more money making consistency as a day trader. At times the biggest hurdle to learning how to day trade stocks and make money is realizing that it's the simple strategies that make the biggest difference, so let me show you exactly what I mean with some real life trading results of mine.
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"Where else can you make 30 seconds in $190?"
It's crazy!
Not many places, that's for sure 😂
@@tradingbeacon6469 indeed.....
One and only kodk
😂 when you wrong you right... good content
The bullish engulfing and the overall upward trend are also good confirmations for a good set up/entry point. Would have also loved to see the resistance lines. Great video Clay. As a new trader this is very inspiring to see! I would have been done for the day after this! 😂😍💸
Thanks for sharing
Learnt something here. I’m going back to your previous videos. Personally, I found these very useful for me. Thanks a lot!
Glad you like them!
I just love your videos , they're providing a lot of good content (which I need as a marketer), they're simply put and also you're so funny it makes it even better :D !
Glad you like them!
How does his content help you as a marketer? Just curious.
Thanks Clay. Quick question - in the KODK trade you show here, where would your stop loss have been? And, if you enter the trade at .72 and it keeps going sideways for 2 or 3 minutes more, how long until you cut and run? Thanks!
if you're interested in "talking stocks/trading in general", that's the entire idea behind my private trading community (which you are welcomed to join) you can find it here claytrader.com/team/
Sound advice! Thanks!
Glad it was helpful!
I always learn something about trading from your videos...Thanks!
Glad to hear that!
Thank you for sharing your ideas sir Clay. I’m a new avid followers of your TH-cam and learning a lot👍🏼
Great!
Ty!
You're welcome
Thanks.
You're welcome
Hi Clay, hope you're well. I was wondering, what software are you using to review your charts?
Here ya go claytrader.com/resources/
coo! subbed. cheers from toronto canada. get rich man.
Thanks for the sub!
Great video. It is a very educative video, it shows a simple trading strategy and very knowledgeable and understandable for the beginners.
Glad you enjoyed it!
Good video. I'll look at it in my trading
You should join my community!
this is great learning lot in-joy watching video rob Queensland Australia
Thanks Rob.
HI Clay. in this video are you day trading CFD's or day trading the stocks. I just do not understand what the difference is. if you have a contract for the difference in the underlying or you just buy the stock then sell it back what the P&L be the same. If there is a difference which is the most commonly used method for day traders? thanks mate
CFD's are illegal in the USA. I'm trading stocks.
Hi Clay, may i kindly which indicator you use and what the numbers of those MA ? THANK YOU
if you're interested in "talking stocks/trading in general", you are more than welcomed to join my private community - claytrader.com/team/
Ty
You're welcome!
Your a great trainer.
Thanks Walter!
Clay i have a question, please answer me if you get time !
How do I quickly calculate percentage, profit and loss without use of calculator ???
For 100 dollar share
If 1% inc then profit is 1 dollars per share
Same with 1000 dollar and so on..
Parth but what about penny stocks ??
@@bijaygajmer4785 this is a bit confusing but for penny stock i get my calculator out😅..
Or you can see profit on brokers app directly in position column
Use a calculator... work smarter, not harder.
Do you think you could get an Eye Tracker setup for your live trading? I think it will be really beneficial.
Maybe someday...
When you were pointing the mistake...your were actually reading my mind😂
... really nice video man btw i trade in India stock market but i like to see your video to learn
Thanks
Glad you liked it
Maybe a dumb question, but I'm not sure I'm really understanding what it means to let it go sideways.
From investopedia:
What Is a Sideways Market?
A sideways market, or sideways drift, occurs where the price of a security trades within a fairly stable range without forming any distinct trends over some period of time. Price action instead oscillates in a horizontal range or channel, with neither the bulls or bears taking control of prices.
From this definition, I assume you want to entry at a strong support and wait to scalp when it breaks resistance.
My initial thoughts were that you had done your planning and charted out that 17.75 is a strong support, so that is your entry. Then I noticed that you were watching it while it was lower than 17.75, my question is, why not entry at that lower price?
if you're interested in "talking stocks/trading in general", you are more than welcomed to join my private community - claytrader.com/team/
Clay, Can you do a video on shorting stocks and what it means when a stock is hard to borrow. Also, A level 2 education video would be great.
Here ya go on short selling claytrader.com/videos/short-selling-for-beginners-terms-and-definitions-guide/ as far as Level 2, I have an entire class here claytrader.com/takecontrol/trading-freedom-pathway-how-it-works/
Some people make $90 dollars in 30 seconds, some people lose $1000 in 10 seconds. That's the market for you.
Manage that risk!
@@claytrader How do you manage risk?
nice lecture
Thanks
a little humor here. you write on the board like a red candle...down and to the right. great video. price will break out of range (sideways movement) you just have to educate yourself to know or guess which way, up or down, that's the hard part.
Cheers!
Great video Clay. Are you using Lightspeed Sterling version?
No. Just the one that comes with Lightspeed.
i was watching a couple of stocks just yesterday...thinking about this VERY thing. what are the odds? lmao 😆 great vid as always Clay, thank you!
Thanks for watching!
Hi Clay, great videos, one question about day trading, if I have an account with $25k so I can day trade without any problem and I have a buying power of 100k (25x4), can I use 100k several times a day, for example, buy 100k of AMZN, sell them, buy 100k of AMZN, sell them, or I can only use the 100k buying power once a day. Thanks!
You can use it several times per day.
yes, assuming you have a margin account.
ClayTrader great! Thanks for answering my question! Really helpful stuff, I’m planning on buying your course soon. Thanks!
@@Omitechom cheers
Good video clay I chased a stock couple a days ago what a nasty thing that was I enjoy your stuff Thanks Tom
Glad you enjoyed
@@claytrader Hi clay a few weeks ago I was asking you about CMC trading you did get back to me but I missed it if you could maybe text me again tell me if you like their trading app thanks Tom
@@thomashodgins7266 can't say I remember what I said... I reply to thousands of comments a week...
Hey Clay, love the video! Was it done on the day that KODK shoot up to $60? FOMO is so real though, patience is virtue!
Don't remember, but that's all hindsight.
Can you make a video explaining Level2 in depth like how to use it to your advantage!
I have an entire Level 2 class as part of this claytrader.com/takecontrol/trading-freedom-pathway-how-it-works/
How do u determine a breakpoint or flashpoint during or before a trade
if you're interested in "talking stocks/trading in general", that's the entire idea behind my private trading community (which you are welcomed to join) you can find it here claytrader.com/team/
Clay. I understand the sidwase part but what would be helpful is knowing why 17.75 was you target entry. Being able to spot entries myself instead of waiting for a call out
17,75 was the upward breaking point based on the previous candles. The way the set up looked, was like the 17,75 was the resistance level of the price with only one false break (see the one doji). Please keep in mind that those targets are set up based on personal experience, type of chart (1 min, 5 min, 15 min etc) and the overall trend of the market that day. It does not mean that 17,75 was the mother of all breaking points. I would recommend you to read about technical analysis (for day trading) and gather experience on a demo account.
if you're interested in "talking stocks/trading in general", that's the entire idea behind my private trading community (which you are welcomed to join) you can find it here claytrader.com/team/
you're "kind of" right....
@@claytrader before seeing your video I signed up for your workshop in September
@@brianlentz1280 great! see you on Thursday!
Hi
Thanks for these lessons
What trading platform did you use here please?????
Here ya go: claytrader.com/resources/
I woud like to ask why my opening trade is so far away from the current market. I'm not so sure how to phrase it but lets say BA boeing is at 175 and i except to see a fall so i sell but it gets me in at 170 which just makes it impossible to turn a quick profit. Please answer this
I'm not sure what you're asking.
@@claytrader When you open a trade as shown in some of your videos, you sometimes make a quick flip in matte of seconds. What im saying is that It's at least a 15 min wait before i start to enter the profit "zone". Hoping you understood this explanation better
@@draegbeast9041 If you want to wait 15 minutes, that's cool... do what works for you!
@@claytrader No, im saying i have to. I dont understand how you're able to make a profitable trade in such short time. Because i dont see why different brokers would have such change between them. When you're buying a stock in your videos, you're paying for what the stock is worth at the moment lets say 90 dollars. But when i buy it at 90 dollars, it opens my trade at 92 dollars. Do you understand?
Draegbeast what broker are you using?
I was looking for beginner guides that the title led me to believe and then went on to use jargon and analyses only people who have already learned it would know and what do you mean "to let it go sideways"? If you want to actually help beginner traders start with what you mean with particular jargon.
Thanks for the feedback. I literally showed a video where it demonstrated "it going sideways"...
count me in 👍
Cheers!
How about the losses? If it goes the wrong direction when do you get out?
if you're interested in "talking stocks/trading in general", that's the entire idea behind my private trading community (which you are welcomed to join) you can find it here claytrader.com/team/
What does let it go sideways mean exactly? I'm new to trading and have never heard of this concept or term.
Let the price move sideways.
i have smart rebalance strategies and spot grid bot. Do you think day trading is better? Kindly advise.
All depends on your goals!
@@claytrader i want to make money :D ex: a weekly return. kindly advise.
@@wiseman235 These are the types of things I talk about with premium members, and if you're interested in "talking stocks/trading in general", you are more than welcome to join my private community - claytrader.com/team/
@@claytrader i see, I'll do some research about your beautiful channel and website for now. thanks
@@wiseman235 so you were asking me to "advise" before having done any research on me? Odd...
Hey Clay, I really like watching ur live trade videos. Could u do a live trading video on WeBull for us traders on a budget? I think it would be beneficial for us traders that can't trade on the platform ur using.
Don't wait for Clay
Here ya go Rey - claytrader.com/videos/the-stock-trading-platform-for-traders-on-a-budget-best-app/
Maybe a dumb question but how did you place a pre market trade?
My broker allows me to. claytrader.com/resources/
Can you make a video talking about using margin/high leverage for scalping
In regards to what?
Don’t be the Ferrari who takes up 0-100 in 3 seconds,
Be the aircraft which takes enough time to take off before firing up
That’s sideways story
Cheers
Is there a video where you explain your thesis on why you enter a trade and exit a trade when you do?
Those videos already all exist here claytrader.com/takecontrol
How did you determine the breakpoint??
if you're interested in "talking stocks/trading in general", you are more than welcomed to join my private community - claytrader.com/team/
Can you show chart or pattern when we can take trade on such Consolidation
These are the types of things I talk about with premium members, and if you're interested in "talking stocks/trading in general", you are more than welcomed to join my private community - claytrader.com/team/
Sideways between 11-3 almost always goes down for me. After 3 or before 11 is ideal imo
Thanks for sharing.
what do you mean by "sideways?" on the live example i saw it go from 17.37 to 18.38...Thats up! I thought sideways is it staying around 17.37.....???
I mean in a range.
@@claytrader guess i have to look up range now..lol..thanks
@@tcomner29 cheers
Hey Clay. What's your daily profit goal?
This should help answer claytrader.com/videos/a-successful-traders-mindset-500-a-day-keeps-the-day-job-away/
I don't understand. What do you mean with sideways?
The price went sideways.
Letting it drop sideway is hard, but it always bounce back
"always"? you sure about that?
I m a new trader , and i start with short term trading any advices for me and tnx for this video
if you're interested in "talking stocks/trading in general", you are more than welcomed to join my private community - claytrader.com/team/
So let the price go sideways. If I understand, the price was going sideways until 8 AM, then it must have had a catalyst that caused it to rise premarket. When market opened, you set $17.75 as an entry point to set up for the scalp.
Am I following this correctly?
Can't say I remember much of this video.
Hi Clay Trader how long is the delay on your live trades?
Watch any of these. I explain at the very beginning: claytrader.com/video/live-trade/
@@claytrader thank you.
@@nataliamorris2500 you're welcome
Is there a video for like beginners beginners, those that don’t know the lingo of going sideways. Learning from the bottom up
I'd encourage you to sign up for my (free) class I offer here claytrader.com/1-hour-trader-transformation/
Planning to start day trade in India. Hope it's gonna be okay. I am just planning to start with very low budget. So what tips can you give?
I'd encourage you to sign up for my (free) class I offer here claytrader.com/1-hour-trader-transformation/
@@claytrader Thanks just registered for webinar. Would have loved to join the Community with your BRIBE but as I said... I am tight on budget and india USD conversion makes it too hard. Hope I get chance to join in future when I can.
@@roshansutar1307 no problem!
@@roshansutar1307 all the numbers are on the screen to do the math
What does “sideways” mean? Not much movement up or down for a period? I have been watching a lot of your videos and am heavily considering taking your class.
Your definition of sideways is exactly what I mean :-)
@@claytrader Thanks! I’ve decided to pull the trigger on your classes. Does it teach all the basic terminology or should I watch your 101 playlist on TH-cam before I start?
@@politicalpanda2999 great question. The classes start assuming you know nothing and then build from there.
@@claytrader awesome! Looking forward to starting!
@@politicalpanda2999 let me know when you sign up!
where is the link for your chat group?
Here you go Susan: claytrader.com/team/
Buy ZIM on Monday 25 April. SEMPER FI!
Cheers
How do i join the live community
Here ya go: claytrader.com/team/
Are you using TradeStation?
What I use claytrader.com/resources/
I dont want to be rude so you don't have to answer these question if it is. But do you mind me asking what amount of money you are trading with in this video to get the returns your getting?
Not much due to this tool: claytrader.com/videos/margin-and-leverage-a-day-traders-tool-to-make-easy-money/
@@claytrader thank you
@@carlospurcell9256 you're welcome
Is going sideways a metaphor? Because ffrom your video the stock seemed to go up and it was all green, dint really understand what you mean by going sideways
Depends on the range you make for it.
@@claytrader I don't really know what you mean by range, you see I'm a begginner trader
@@RandomVideos-kn3pf if you're interested in "talking stocks/trading in general", you are more than welcomed to join my private community - claytrader.com/team/
@@claytrader are you kidding me, I have to pay 99$ a month for info I can get for free
@@RandomVideos-kn3pf are you kidding me? did you even look at the information? it's NOT $99/month...
can you make a video about level 2 plz
I have an entire Level 2 class as part of this claytrader.com/takecontrol/trading-freedom-pathway-how-it-works/
❤❤
Thanks!
Did I hear that right!? “I don’t buy shares before but my moderators do and THEN we alert the chat” ☠️☠️☠️
You definitely did NOT hear that right lol...
I'm a beginner and have a question is day trader consider a short
I'm not sure what you mean.
What brokerage or app is that?
Here ya go: claytrader.com/resources/
why does letting it go sideways help? thanks
Did you listen to the video?
@@claytrader Sorry I'm just learning I watched it again and understand it better now, thanks
@@lukemuller6902 great!
daddy clay:)
lol
Which broker?
Here you go claytrader.com/resources/
The
Chalk
Board
I love it....
👍😎✊
Thanks!
This is not a video for beginners - this is a video for people that know the lingo and have been trading. Nothing has been explained that a beginner like myself can use.
I'd encourage you to sign up for my (free) class I offer here claytrader.com/1-hour-trader-transformation/
Learn a skill that will serve you for your lifetime
Agree
Did you buy 500 shares @ 18 dollars each? That is whya you made 190 dollars... That is a lot of cash to trade with.... Or am I incorrect?
This video should help: claytrader.com/videos/margin-and-leverage-a-day-traders-tool-to-make-easy-money/
Why do you always short in day trading, why not the other way around ?
I do not "always".
@@claytrader gotcha. I just yet haven’t come across a buy video.. thanks for all you do.
@@mitwaa I do short "a lot", yes, but not "always". This should help: claytrader.com/videos/shorting-stocks-is-easier-science-explains-why/
Your inside bid nd inside ask are so close why is that? I day trade with trading 212 CFDs nd they are so far apart end up hurting your positions straight away just because the spread is so big. Guessing this is my brokerage problem for always making the buy nd sell so high
I'm not trading CFDs....
How does your platform work, may i ask? i looked at various different options but they all seem so difficult nd less understandable, I thought you could only short with options trading nd CFDs only.
@@SlotMasterVideos what do you mean "how does it work?".... maybe this will help: claytrader.com/videos/day-trading-for-beginners-my-online-trade-platform-explained-in-detail/
If you're outside the US, use Interactive Brokers. T212 is a sure way to lose your money. I remember when I first traded there and I paid $15 fee to buy 2 AMZN shares lol
@@MyPhuckDub Yea, "IB" is solid
I’ve saved up about 7k for day trading but I need the proper guidance, so you think your program can help me triple this cash?
Yes, my program can help, but full disclosure.. you better not be some greedy savage wanting to "triple my money in a week"....
ClayTrader no, obviously it’ll take some time
@@m_xvi ok cool... just wanted to be sure we're on the same page that things don't happen overnight
➡️ HI
Hello!
This video helped me but I’m still confused
About what
FOMO will put you in a world of hurt. LOL!
Indeed!
Yeah, I guess making $189.92 in 30 seconds isn't too shabby since that is $22,790 per hour. Come on, Clay, you can work for 1 hour can't you?
(P.S. I hope your chatroom got in on that action since your alert said to buy in at the open and you bought pre-market.)
I hope they did too!
People need to stop lying that the webinar is live lol.... everyone knows by now already.
But I mean.. it IS live. I prove it during the webinar. Not hard when it's, actually, live.
is 8,875
?
Sideways market ?
Correct
By sideways you mean trading in a sideways channel?
Correct.
first comment 😎
Congrats
If you are so succesful at trading, howcome it cost moey to be part of your community? No offense inteded, it just seems sketchy to me, that if you are so succesful, why go through the trouble and if it is bc you have golden heart for educating people, why take such a big price? Or price at all, you would not needed the money if, you are winning trader right?
Fair question. My answer: claytrader.com/videos/the-mindset-of-poor-people-how-to-build-wealth/
It didnt really go sideways that much, hard to see it
it "did" go sideways though....
@@claytrader i guess barely
@@ckkendrick7861 it went sideways plenty...
@@claytrader wasnt really straight and it was like 3 candle sticks
@@ckkendrick7861 oh i get it, you're one of those people who just want to debate for the sake of debating lol... got it...
Make videos and you will receive subs. YT is junk now. Not sure if those 350k are idiots or not lol..
Are you saying you should be chasing stocks?
Blah
Thanks for the feedback, kind of.
@@claytrader hahah smart man! I didn’t see my comment come up and this auto typed 😂
gotcha lol
Every month I can take out 100 dollars from my income and I have five hours daily can u pls tell me when an average trader can reach 100,000 usd with this setup without using automatic bots if I don't cash out and compound pls tell with a rough example
Way too many variables to give you any kind of reasonable/accurate answer.