3 DAY TRADING RULES TO AVOID LOSS
ฝัง
- เผยแพร่เมื่อ 4 มิ.ย. 2024
- 3 DayTrading Rules to help avoid loses when Day Trading Futures here in this video. These 3 rules help DayTraders avoid the common mistakes and issues Traders make when they first DayTrading LIVE.
0:48: 📚 Three simple rules to avoid unnecessary losses in day trading.
2:37: 💡 The video discusses two key points for day trading: taking trades based on 15-minute range breaks and being patient to avoid massive losses.
4:51: 📉 The video discusses the importance of identifying market movements and avoiding trading in choppy areas.
6:45: 📉 The video explains a simple rule for trading: don't short a big green candle or buy a big red candle, wait for the candle to close and let the market indicate the direction.
9:23: 📉 The video discusses the importance of reading candlestick patterns to determine market trends and potential trade opportunities.
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***THE LINKS IN THIS DESCRIPTION ARE AFFILIATE LINKS. I DO BENEFIT FINANCIALLY WHEN YOU CLICK THESE LINKS AND SIGN UP WITH PARTNERS. THIS IS NOT FINANCIAL ADVICE. DYOR NEVER INVEST MORE THAN YOU'RE WILLING TO LOSE. DAY TRADING IS VERY DIFFICULT AND PERFORMANCE SHOWN HERE ON TH-cam DOES NOT PORTRAY COMMON RESULTS.
*Futures trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the investor’s initial investment. Only risk capital-money that can be lost without jeopardizing one’s financial security or lifestyle-should be used for trading and only those individuals with sufficient risk capital should consider trading. Nothing contained herein is a solicitation or an offer to buy or sell futures, options, or forex. Past performance is not necessarily indicative of future results.
CFTC RULE 4.41
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Rule #4 DAY TRADE TOPSTEP MONEY NOT YOURS! 🥳 sign up today to trade futures for only $49 tinyurl.com/4ah5m43t
“There’s nothing wrong with pulling out” - Patrick Wieland
😂
if not then the market going to hit you with that child support money lol
Thank you Patrick... i am a mum of two and there's a very little time i have for day trading. But your 15 min opening strategy... amazing. Thank you for all that you do. Winning and loosing are all part of the game..as long as we keep winning big 💪 😊. #Respect 🙏
Been watching every morning for six months and I thought you were setting breakout price level with the yellow lines....not marking the 15 minutes. I learned something .
Got funded on Friday! Shout out MFT community.
Legend!
Thanks again, something to keep remembering as we know those rules but tend to forget about them , thanks for reminding me
It’s crazy how much sense this makes after market close but real time it’s the hardest thing in the world
Rule #0 - push the button, don’t be Nutty
Makes so much sense only the head f*cks it up sometimes… great vid again!
Thanks Pat thats a good one
Great content, sir! I've been using the ORB and it's been instilling more patience for me at opening. Thanks!
one of the most valuable vids youv'e made.
Thxs, Patrick!
🎉 thanks
Thank you patrick , I buy 25 k test eval , can I trade only with 3 Micros ??
Thank you
Great information thank you! but on the next one can you please zoom out as you explained through each step. I like to see have more confirmation on the market structure. Again great information thank you I sub!
Hey Pat, how many cons would you recommend per trade for a 150k account (prop firm)
Hey Patrick, learning a ton from you, thank you for all the insight. I would love to have your take on trade management, "evolving R" and moving stops breakeven. Do you have a video on that? Thank you sensei!
Can the 15 min ORB concept be applied to trading forex as well? With the US session being 1pm-10pm, I’m wondering if 1-1:15pm would be the forex opening range in this context.
Simplicity is the name of the game
Hey Patrick, thanks for ur insights. A quick question: what would u recommend for day trading ( Crypto or future) ?
Futures all day
Rule 1 turn on computer 10 minutes after open
Youre definitely right, "Its nothing wrong with pulling out and thinking about the long run" Lmaoo youre funny as hell Pat, thanks for the great vid!
Thanks Patrick, you trading at 6pm tonight ?
Not today! Monday morning
I’ll be there Monday 🔥
Rule 4 let it fkin ripppppp
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❤
First
Stop trading to avoid any losses
Ict is going to smoke u up at Robbin ! 😂😂😂 i can't wait to see December 2024 🎉🎉🎉 .. ur good but he si waaaaaay ahead of you Pat 😅
Ok
Come on dude we don’t compare people we compare if we are better than yesterday. If I compare you with both of them I bet you’ll get smoked too by both of em 😂
Ict is rubbish mate.. all fake