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This is how I would learn to Day Trade if
I could start completely over.
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For some context, Ive been trading for about
8 years now. Man I feel old.
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I originally went to college for Finance,
graduated, got my degree, was thinking about
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going into investment banking, you know the
whole typical college route.
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but ended up not because I got hooked on stock
trading. And I realized I can make just as
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much money if not more from trading, than
a real job
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So I studied my ass off. Putting in years
of my time to try to learn all the ins and
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outs of the stock market.
Ive been teaching and mentoring premium members
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in my discord for a while now and even made
my own private indicator engineered with all
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the things ive learned throughout the years
about algorithmic trading.
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Now I ll admit straight from the get-go. When
I first started trading, I was terrible. Like
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no actually, trash.
And I could imagine now, if I found a video
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exactly like this one, teaching me step by
step on how to go about learning to trade,
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right from the start. Like some wax on wax
off type of shit.
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It would have made my learning curve go through
the roof.
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So that s why im making this video. Because
I know how much this video would have helped
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me in the beginning of my trading journey.
First things first. Knowledge is power.
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I can not stress this enough. You should ALWAYS
be learning and trying to improve your trading.
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I to this day, still learn on a day to day
basis. Im constantly trying to improve myself
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when it comes to trading. I have easily watched
10,000+ hours of trading YouTube videos through
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out my years of trading.
And even with all my experience, I m STILL
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learning new advanced trading techniques every
single day.
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So I guess the point im trying to get across.
Is never become complacent. You should always
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be trying to improve. Always.
The next tip is probably one of the most important
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tips I can give.
There are three stages to trading. The learning
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phase, the testing phase, and the execution
phase.
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Now I can not tell you how many of my students,
watched the wolf of wallstreet, said hey that
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looks fun, watch 3 trading youtube videos,
and expect to become millionaires by the next
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day. That is not how it works.
When first starting out, you should not be
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thinking about the profits at all. You should
purely be focusing on learning, finding a
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strategy, testing said strategy, and trying
to improve as a trader.
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The profits will be a complete by product
of your knowledge. Put in the true effort
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to learn, and the money will come later, I
promise.
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Which brings me to my next point. You should
start off with a trading simulator.
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Now I know, trading simulators. Boring. I
get it.
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But listen, especially if you re a new trader,
use a trading simulator.
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When I first started, I went straight into
a live account. Which is an absolute terrible
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idea.
Like if there is a to do list for new traders.
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Step 1 is lose money.
Its almost guaranteed. If you re a new trader,
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you re probably going to lose money. So you
might as well save that money, practice first,
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until your confident in your trading ability,
then use real money. Trust me, you ll thank
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me later.
Now the trick is, you have to trade this trading
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simulator money like its your very own. Treat
it like its real money. Try to trade the same
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amounts of money you would if it were real.
Try to make yourself believe its real, so
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youre feeling the same exact emotions as you
would in a live trade. Its lot easier said
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than done, but its very important that you
try to do this.
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You should only move to live account when
you have found a successful strategy, have
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done thorough testing, learned how to control
your emotions, learn risk management, etc
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and most importantly, you are consistently
profitable with your strategy.
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Only then, should you move to a live account.
A lot of new traders move through this phase
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way too fast and end up losing a ton of money
they shouldn t have. Only move forward when
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you are truly ready. Do not rush it.
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My next tip is find the right broker.
Now, this Is a pretty important step. As some
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brokers are a lot better than others.
I feel like I ve used every single broker
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out there by now.
Ive tried all the good ones, and have also
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used the not so good ones.
Ill help you out right from the get-go. If
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you are interested in trading forex or crypto,
I would 100% recommend HankoTrade.
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They have some of the lowest fees and spreads
on the market. And also have a very user friendly
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dashboard.
Plus one of the coolest things about their
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platform is that they have a 100% deposit
bonus up to 25 grand.
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So if you deposit $25,000, hankotrade will
literally match that and give you $25,0000
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for free.
They are just that awesome.
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If you want that deposit bonus, sign up with
the link in my description. Deposit whatever
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you want and they will match it.
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Next tip is find a mentor. Now when I first
started I personally tried to create my very
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own strategy, with my very own rule set, with
my very own testing, with basically no experience
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in my pocket.
There is no need to reinvent the wheel. If
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someone else is doing something that works,
most likely, it ll work for you too.
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That s why Id recommend finding a mentor.
There s tons of free information on youtube,
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the internet, discord servers, everywhere.
I personally post news videos every single
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week for absolutely free all with extremely
valuable information in them. And there are
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tons of YouTubers that do the exact same thing.
Find one you like, and watch as many videos
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as you can from them.
Me personally, Ill just set aside one day
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like a Sunday and purely just use that day
for learning. That whole day Ill just watch
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Youtube videos, read trading books, etc.
I would also recommend joining a trading community.
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For example, I have discord where you can
join for absolutely free and talk to other
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like-minded traders that want to learn just
like you.
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Whats nice about this you can post your charts,
ask questions, or even see other people s
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ideas and strategies and see what works for
them. There are tons of nice people in my
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Discord server and a lot of them would be
happy to help you on your trading journey.
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Plus some of my closest friends today, I met
through the Discord Server. So you can build
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some really cool relationships.
The more people you can meet and learn from,
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the better. Surround yourself with successful
traders, and you too will become successful.
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My next tip is keep a trading journal.
I to this day, still keep track of all of
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my trades. If I ever have a losing trade,
I will take note of it, and look back at it
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and try to figure out what I did wrong. Did
I enter in a good spot? Was I letting my emotions
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get the best of me? Did I exit too early?
Did I exit too late? Did I chase a trade?
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Whatever it is. I figure it out, so I don
t make that mistake again.
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This is an absolute game changer. If you consistently
realize your mistakes and fix them immediately.
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Its one of the fastest ways improve as a trader.
You should not only be doing this with your
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losing trades but also do it with your winning
ones. What did you do right? That way you
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can figure it out, find certain patterns in
your winnings trades and keep replicating
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those winning tendencies in future trades.
There are tons of sites, that can automatically
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keep track of your trades for you. So you
don t have to manually do it yourself. Ill
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leave one in the description if you want to
check it out.
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This next tip is extremely important. You
have to realize you do not need to be in a
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trade 24/7. Listen I get it, I wake up at
6:30 in the morning every single day, do all
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of my stock preparation, morning analysis,
look at charts, and some mornings I do all
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of that work and wake up extremely early for
absolutely nothing, because the market is
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bad that morning and I don t end up taking
a single trade that day.
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Its frustrating, because you basically did
all that work for nothing, but you have to
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learn that if there isn t a good setup, there
isn t a good setup. You shouldn t be forcing
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anything.
Only enter, when you re 100% confident in
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the setup and the likelihood that the trend
will go in the direction you want it to. If
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the trade is iffy and you re thinking well
I might aswell , DON T DO IT. The market is
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always going to be here, so there really is
no reason to force anything.
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One of my favorite quotes in trading is the
stock market is a device for transferring
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money from the impatient to the patient . Which
is so true.
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And Id say that s what separates a good trader
from a great trader.
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A great trader knows when to sit on their
hands and not enter in anything.
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My final tip is to find a successful strategy
and test the st out of it. Luckily for you
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in this video I go over one of my very own
strategies that has proven to work for in
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the past. Go check that out, thanks for watching,
and ill see you guys next time.
