What you can learn from this Humbled Traders Podcast: - How to create a profitable trading system? - How to become more consistent? - How to improve your trade executions? - Kris’ opinion on automated trading - And how to overcome a losing streak. Comment your questions down below! Trade with me: bit.ly/yt20230928
Interessante il tuo video vorrei provare a mettere in pratica con WaveDancer, Inc., (NASDAQ: WAVD) ha annunciato oggi di aver ottenuto un contratto triennale da un grande integratore di sistemi per fornire supporto alla modernizzazione di un importante programma finanziario per una grande azienda statunitense. Cliente governativo (USG). La società prevede ricavi totali di 4 milioni di dollari nel corso del periodo di esecuzione del contratto.
WITH NO DOCUMENTATION TO SUPPORT HIS CLAIMS HIS STATEMENTS ARE FALSE. For example, $1 Million In Ordinary Income, if you're single and earn $1 million in taxable income, you'll fall into the highest tax bracket, which is currently 37%. This means that you'll pay 37% in federal income taxes on the portion of your income that exceeds the threshold for the highest tax bracket. Not counting State taxation. Implausible statement to Turned $3K into $1.67Million in 2 Years. Taxes alone take almost half.
WAVD I don't think it can lose forever, sooner or later it will return to adequate figures, if today it reverses course well it will return above the dollar in a flash @@jarnix2
Its not systematic trading that gives you success, Its the discipline to stick to that system. I have hardest time staying consistent. Once I overcome I know the growth is unstoppable, its been about 4 years of expensive path for me but I haven't stopped.
You are absolutely right. Success comes from disciplined execution of a system, not just having a system. Sticking to the system can be the most challenging part, but once that obstacle is overcome, the growth is unstoppable. I understand it's a long and expensive road, but your determination to not give up is admirable. Keep up the persistence and discipline and I'm sure you'll reap more success. I wish you all the best!
I put an order in with about a 70% profit gain. That is 70% of the previous move. Sometimes it will keep going and going, but if I have a buy at 2.20 and sell at 2.35. But it goes to 2.40 or 2.50 Well. I still made money. Every situation is different. Sometimes it’s moving really fast or not.
These Trader Interviews are wonderful. I listen and take notes during each interview. There are some themes that run consistent: Back testing, trading a limited number of strategies, and setting HARD stop losses. No hopium!
As a gamer I don't think we trade better, but we can probably execute manual trades faster due to our long experience of eye hand coordination and we might also be better at spotting patterns.
Right now, my biggest obstacle is to not let my emotions control me and my second biggest is to not force trades. I’m seeing improvements everywhere else. The secret is to keep going and never give up. Be aware of your weaknesses and turn them into strengths. It’s possible but only if you don’t quit.
As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
I'm getting out of the market with my long term holdings. I think now only swing trading or day trading is safe. Learn the concepts around mean reversion.
I have something profitable to tell you because I know the wisest thought in everyone’s mind today is to invest in different income flows that do not depend on the government , especially with current economic crisis around the world. I guess you should utilize this great opportunity that I’m bringing to your door step
I loved this podcast! I recognize myself in him, gamer and pragmatic ; and probably always will be a systematic trader. I find price action, supports / resistances way too subjective and imprecise. Did many excel backtests with combinations of indicators, and precise rules of entry, exit, stop losses, but I lack discipline and work to validate strategies (or a least one). Each strategy can be improved over time.
And how are his strats working for him this year. We had 3 years of unprecedented marketed conditions. The thing with systematic trading is it works until it doesn't and when it doesn't it has big draw-downs if your risk management is not 100% on point. It is extremely easy to fall into the trap that thinking if something is working it will continue to work.
This kind of inspired me to go into my systematic trading 100%. I had a bit of a drawdown but i know my system works over time, and i shouldn't be scared of deploying all of my trading capital here.
Awesome job Shay asking all the right questions. Will you start adopting some of Kris’s strategies being more systematic over discretionary, love that he doesn’t need to prep for the day, and sleep in. What will you change if anything? Sizing on vol., stop loss on wider range, only shorting, no longs? I like both of your thought process and approach when comes to trading. I am trying to reduce my market tuition cost, learning as much as I can before starting trading. Thx
I have something profitable to tell you because I know the wisest thought in everyone’s mind today is to invest in different income flows that do not depend on the government , especially with current economic crisis around the world. I guess you should utilize this great opportunity that I’m bringing to your door step
Thanks for the content. You guys didn't talk about the cost of borrowing . Those expenses could eat up all the profits if he holds positions overnight. Any chance to add this information?
I think it would be good if you include the name of the interviewee in the comment section or in the title or at least somewhere. Maybe also a link to his website or whatever. I think i would be more interested to listen to someone if i know what they are doing or what are their edges.
Before I have ever became a profitable trader... I used to flip items on Runescape Grand Exchange and World of Warcraft Auction house. I actually used to sell the gold for real money, this was my first ever trading experience.
I have something profitable to tell you because I know the wisest thought in everyone’s mind today is to invest in different income flows that do not depend on the government , especially with current economic crisis around the world. I guess you should utilize this great opportunity that I’m bringing to your door step
This was a bit depressing. I am getting back into trading and you have been my go to and then I hear this and the strategy is 80% successful. Now what do I do? After spending so much time following and studying your methods I feel lost.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence she helped a lot to grow my reserve notwithstanding inflation, from $275k to approx $850k
The guy is crazy, I remember when I used to trade back in 2021 there was a phrase "Verma'd". It used to stand for somebody that blows up really bad. Came from one of his losses of over a million. To be fair, I don't know what kind of mental strength should you have to keep on going after such a thing. So, man, you've got my respect.
I have something profitable to tell you because I know the wisest thought in everyone’s mind today is to invest in different income flows that do not depend on the government , especially with current economic crisis around the world. I guess you should utilize this great opportunity that I’m bringing to your door step
I think they key takeaway is the necessity of conviction cuz I think a trade with conviction is one without emotional bias, especially if is rooted in statistical and/or empirical data.
His system does work. I've never seen it , but after trading top gainers for years or parabolic stock, I understand the variables he won't discuss, which im aware of. There are times to go bullish on parabolic stocks, like when there is several 100 percent runners on the day. And time to go short and switchgear, volume inflow rate is important , bit so are other factors like low float, short intrest history borrow rate avg volume. I dont prepare either, injust scalpe the hell of top gainers within volitility range . Also, scaling and watching out for manipulation play like Chinese or Isreal stocks . All I can say is , I'm at profit slowly daily over time when top gainers allow it and switch to large tech swing trades when needed. HKD was a manipulated play, Tpst was legit and became a printing machine after it fell 40 percent now it's sfd or Safe green. I love this game ..I use to play overwatch as a Top 200 and a grandmaster
This is a great video - but it would be great if you could do a video talking about how to trade an extensive bear market such as now when most stocks are falling…
I have something profitable to tell you because I know the wisest thought in everyone’s mind today is to invest in different income flows that do not depend on the government , especially with current economic crisis around the world. I guess you should utilize this great opportunity that I’m bringing to your door step
Regarding Kelly Criterion: Since everyone has an account of a certain size, and there are data that show the probable outcomes of a certain strategy, how DO people decide how much money to place on a given trade? In other words: how does someone even make their very first informed trade WITHOUT such a bet-sizing strategy? What do they do just 'wing it'??
Very inspirational video H.T. Kris now seasoned pro gave concise detailed information on his trading methods and even a few bad bumps along the way. Big Thumbs UP ! Thank You
I have just one simple question. Why someone would give away his winning strategy? Doesn't mean that he will lose his edge if a lot of traders would start using the same strategy?
I'm a bit skeptical. @0:44 Looks like a streak of one year stalled for the next 9 months, and then the chart stops (despite there being about two years of data between that chart and this podcast's publication), which also makes me question the start date as well. Is this pure unadulterated 'phantom back-testing' or real-time trading? Also, maybe 'the system' worked under a unique set of market conditions (which just happened to coincide with the COVID crash, and a HUGE market run-up). But the real question is 'does it work now?'
How do we know that what these people claim is actually true? Do we have a way to verify their income? No proof, no validation and it may all be complete b.s.
Im not a hater, but is there anyway to confirm these claims? There are alot of peeps out there that make wild claims but do not back it up liek you do Shay.
The erosion of my financial reserves due to inflation adds to my concerns. At this point, I'm still at a crossroad regarding whether or not to liquidate my $138k stock portfolio. What’s the best way to take advantage of this current market?
Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.
I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000
Have you heard of "Monica Amanda McClure? She gets featured regularly on CNBC. Everyone in my office works with her including myself. I personally use tax-deferred accounts to hold my investments. That way I avoid capital gains taxes. There are other options your advisor could brief you about.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
His system sounds very complicated due to the back testing and mathematics applied. I prefer depending on Japanese candlesticks along with classical tech analysis and one or two indicators. Trade the trends, whether up or down. Once you know the probabilities of candle set ups, back testing is not necessary. For instance, a one bar reversal in up or downtrends produces 95 percent wins....A double shooting star produces at least 90 percent wins if they materialize after a tired trend...OS. OB
Thank you for this video. For a year now I have been trying this one strategy... I started from 200 eur and now at 3700eur. I add some cash every month, but overall manage to pull 1% gain per week on the total balance. I know that if I am 1.5% per week i can get to the 100 k in 2 years. I thought i was crazy for thinking this but after this video i feel reinspired. I do strugle with the stress when i am aiming to each 1.5% and more. It is awesome to hear you guys talk about how u set up the trades. My question is.... Do you focus on amount of money u get per trade or is your brain recalculating it to percent of the trade?... I am somewhat stuck in how much per trade i should get so i end up having many small ones as i scale up my account. Somehow cannot get rid of this thinking... Lets say i had 10 shares and knew i need 10 eur win.... When i would scale up to 20 shares.... My brain paniced when seeing 10 eur and was closing it. So i end up having 2x 10 shares for better results... Would be cool to hear from experts
Shorting parabolic moves sounds like the stupidest possible thing a trader, especially inexperienced, could do. What happens when you run into a Gamestop? You will run out of money before the market does.
To me the only true systematic trades are the ones executed by computer algorithms. If you can't defined your strategy in terms of programmable rules then its essentially discretionary. What he is describing here is a mean reversion strategy. From 18:35 main criteria is short if price goes up by >=+30%, Is that cumulative over a certain period or +30% in one time frame? bet size using kelly critereon, trailing stop etc However, from about 19:11 - 20:08 he starts talking about some aspects of the system that sounds discretionary. This is then a semi automatic system. He turned £3k to $1.3m. But imho if you try to copy him you probably will lose money.
Back testing is the thing! Will be reviewing this one again (as well as the gap up/down video) to work out another set of back testing formulas. Currently trying to get into Schwab after TDA move. Thanks for these videos and constant information. Donate for a Dream
Back testing can show you a lot of false information since market conditions are foward looking. You have to take it with a grain of salt and understand the conditions in which the market was in during the test. People have figured out how to make insane paper gains in back testing but as soon as they implement it for real it falls apart really quickly.
Thanks for the great content Humbled Trader!! Love your podcast and your personality. Question for you and others who read these comments. When you daytrade the same stock multiple times per day or within 30 days, how do you avoid disallowed losses from the wash sale rule? Thanks for any feedback, everyone.
dec 13th , the stock shot right up for hours into the next morning. I know someone who got very emotional and lost quite a bit hoping it would come back down. do you know what happened ? oddly from 8pm at night it just went right up!
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Exaclty the same setup I am developing (systematic parabolic reversals). I have way less experience, so it is still a work in progress, am profitable though since april (barely).
I have something profitable to tell you because I know the wisest thought in everyone’s mind today is to invest in different income flows that do not depend on the government , especially with current economic crisis around the world. I guess you should utilize this great opportunity that I’m bringing to your door step
I use a iPad so no gaming doesn’t have anything to do with trading better, you should have stop losses a d take profits preset, maybe not TP but at least SL
*Wow, it's crazy how some people can become multimillionaires by investing just $10K in trading within a few months, while others have to work for 40 years to reach $1M in retirement savings. The power of smart investing, right?*
She is an exceptional financial analyst, her services are reliable and transparent and apart from myself, I have never seen any of her customers complaining about loosing their money.
I have something profitable to tell you because I know the wisest thought in everyone’s mind today is to invest in different income flows that do not depend on the government , especially with current economic crisis around the world. I guess you should utilize this great opportunity that I’m bringing to your door step
I have something profitable to tell you because I know the wisest thought in everyone’s mind today is to invest in different income flows that do not depend on the government , especially with current economic crisis around the world. I guess you should utilize this great opportunity that I’m bringing to your door step
I'm so happy I made productive decisions about my finances that changed forever. I'm a single mother living in Vancouver Canada, bought my first house in October and hoping to retire soon if things keep going smoothly for me.
It seems that every one of these interviews are millionaire traders with websites and subscription based businesses. If you were generating millions and unlocked the keys to the market would you be selling subscriptions and marketing your strategies?
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence she helped a lot to grow my reserve notwithstanding inflation, from $275k to approx $850k
I have something profitable to tell you because I know the wisest thought in everyone’s mind today is to invest in different income flows that do not depend on the government , especially with current economic crisis around the world. I guess you should utilize this great opportunity that I’m bringing to your door step
For me my biggest challenge is my mind. My mother is a psychologist, so it has helped a lot, since i have always worked on becoming more in harmony. I'm also very spiritual.
I have something profitable to tell you because I know the wisest thought in everyone’s mind today is to invest in different income flows that do not depend on the government , especially with current economic crisis around the world. I guess you should utilize this great opportunity that I’m bringing to your door step
I've always liked your videos but something about that music loses credibility and is very similar to an infomercial IMO. Love your channel, just being honest.
I’ve tested lots of strategies. The hardest part is having confidence to trust the early stages. +50% a month doesn’t look like much at first, but with time can still be very profitable. Some people don’t trust back tests because they can’t settle with +50 +60% a month.
