Thanks for the warning and info Clay! I'm lucky I haven't gotten into any reckless decisions like that yet. Some tips. Look at yourself objectively, treat your actions like they were someone else doing them, then criticize it. don't look at why they did it, because if they make a mistake, it doesn't matter WHY, or HOW. Only that they did, and they need to learn to A: Fix the mistake, B: learn how to not make that mistake again, and C: learn from the mistake and apply it to other areas it can be used in. Question for you, What do you think of the NinjaTrader software and company? Have you looked at it before? I plan to use it to start trading futures and I'm currently using it as a trading simulator with live data. It looks and feels pretty good so far, pretty complicated, but that's probably just because it's the first trading software I've ever used, so I don't have experience with software of the like. I wanted to get a professional's opinion on it so I know how much better it can get from there once I grow enough for it to be worth paying for the software from somewhere else if I find it necessary if it doesn't give me a reliable system. Another unrelated question, do you know off hand a good way to trade Crypto or where I should look for good exchanges to plug into? You don't need to give me all the details, just point me in a direction. Thanks for all your help Clay, and for giving all this information on your RU-vid channel away for free, it's really inspiring to know that you can be successful if you have the aptitude for it.
Thanks for the thoughts. You're asking some loaded questions lol, if you want to "talk stocks/trading in general", that's the entire idea behind my private community here claytrader.com/team which you are welcomed to join.
The PDT rule was made to trap people in trades and make one hold longer than they should, because they only have 3 trades per week and don't want to waste a trade when it might turn in their favor again.Think this was created to protect people? LOL! Good vid Clay!
I was on fb and this person told me they could help me trade. They wanted me to send money to an account I would make but they would also be attached. I prayed over the situation for weeks until one day the persons account on fb was gone. It was a sign to me that they were fake and intended to rob me. I was looking for help and some how this person honned in on me wanting to learn Forex. It's crazy the cause is Nobel always but people, just AREN'T.
Love your videos! Do you have one that details some rules and guidelines one should follow as they trade. Also, what percentage of your available funds do you use when trading each day? Example: you have $10K available, do you only buy and sell up 50% of that, 75%, or it doesn’t matter even if you utilize 100% of it
I really get this point. My reason for wanting to get into the market is because I have health problem that some day, sooner or later, are probably going to prevent me from working a regular job and disability just won't cut it. That being the case, I feel a lot of pressure to "Succeed" at trading. On the other hand, succeed for me means averaging about 60k a year so at least I am not in this to become a millionaire.
I don't know why people think money and numbers care about their "reasons, feelings or fairness". We're talking about numbers here... Numbers do NOT care about words.
The "Nobility" Trap: when a trader enters the market with a "foolish" cause as their motivation. skip to 4:00 for example. "Can you trade for me because X"
I am a new subscriber Clay and will try trading soon, i just need your help i don’t trust you to do it but im hoping you have a step by step to get into trade and will be able sell a few hundreds effectively. I am a conservative because i have kids and savings. Thank you Clay.
