The key with trading is taking the emotions out of it. Sometimes trades workout and sometimes they don't. Most of the time they will work against you but you have to be discipline with your stop loss to protect your capital and not get upset emotionally when it's hit. Protecting capital is key and taking profits and not be greedy when your profitable on a trade.
*I didn't become financially independent until I was in my late 40's, and I'm still in my 40's. In addition to having purchased my second home and earning money on a monthly basis through passive income, I've also achieved three out of five goals. I just hope this inspires someone to realize that it doesn't matter if you don't have any of these things yet, you can start today no matter your age. Change your future by investing! I made a rather big decision by investing in the financial market.*
Investing in many sources of income that are independent on government paychecks is the prudent thing that everyone should be thinking about right now, especially given the global economic crisis. Stocks, forex, and digital currencies are still good investments at this time.
It's really not easy trading this market. I read a lot of books, tried to study, watch some tutorial videos, did a little demo before funding my account and I still lost a lot. The financial market could be very tricky
Recently, I've been researching advisors. I recently started trading, but it has never been profitable for me; I have incurred significant losses. Please identify the professional who is assisting you.
Good to see others are doing good with that. I'm making the shift this week with doing my supply/demand zones off 15min and look to making things more simple for me.
I really appreciate the dedication in each video you post. To be successful in markets, traders should understand the crossover between asset classes & liquidity flow. Olivia Maria Lucas focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. Her skills set is top notch
I remain eternally grateful to Olivia Maria Lucas for her efforts that got me to this point, finally payed off my mortgage and all my debts, what more could I've asked for. God bless you Olivia.
I've been studying for a few weeks now. This is far and away, one of the most concise and well put together videos I've seen. Well done, and thank you for your hard work. See you at the top.
It's an absolute honor to have you as a mentor. I've learned so much from your videos, particularly in making sound financial choices. It has truly transformed my life. Thank you for introducing me to Mrs. Michelle Barnett - working with her has been the best decision I've made
It's great that you know Michelle Barnett, I have been trading with her platform for over eight months, earning over $18,950 by-weekly Her expertise has greatly benefited my financial journey.
Riley you are making great content, your training coupled with journaling software has allowed me to see my mistakes and start to create strategies that work. Learning the entries, your help and learning how to trail my stops. In the last 6 weeks I am profitable consistently. Thank you
😤😤🤦♂🤦♂ Do other people also experience this or am I the only one? Since two years ago, I've been an active participant in this space, but it's been losses, and I'm becoming tired.
I disagree. You are probably doing something wrong. Since 4 years I joined I've been able to retire early, complete my mortgage, and buy my dream car. Though I did it with the help of Lorenza Galvis.
You should consider getting the help of an expert it's really rewarding... It's the only guaranteed way of making money in this space but at the same time finding a good one is hard.
@Riley Coleman I would suggest scaling out 30%-50% when it goes in your favorite instead of moving your entire position to break even. This helps your trade breathe!
Nice video! I trade very similar to you. Wait for price to come into any of my supply and demand levels. And wait for a break of structure and a pullback > rejection and then short/long. Have you considered scaling out ur positions instead of going all out? For me it helps tremendously with the fear of giving back profits. So for example when im up 1:1 my risk i like to reduce some of my position and NOT move my stop too early. Then when im up maybe 2:1, i take off some more and now im starting to move my stop behind structures. Helped me alot because i really cant take being up 2 times my risk and giving it all back. Anyway GREAT video man!
Hi this looks like a great strategy and I like your approach. Mind if I ask if you're trading live and if it's been consistently working for you? Thanks. Appreciate it
🗽 I Was an unexperienced trader and i lost over $30K when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I find one source to recover my money, at least $5k profits weekly. Thanks so much Mrs Carla Koren
Hi Riley, I am Doug & like the way you explain things & adding some minutia like pastel colored candles & sweeping floors. I admit I have accidentally hit the buy button when needing to sell... I am like you about moving the stop to control losses. I started trading stocks 2006 & into & the financial crash when things were exciting with many opportunities! Life changed & my job got too busy & cut into my stock trading. Now I am mostly retired, & will be watching your RU-vids & a few others. I knew yrs ago I wanted to eventually trade futures & have decided now is the time. So starting tonight will paper trade on TOS but will likely get a platform with a simple layout made for futures (will look at your Ninja board link).
*Very engaging. Tried many trading EA/Indicators out there none works out well, can someone recommend any, my finance is draining by the management of wrong people.*
i found adding premarkert and market volume profiles to the chart makes it easier for me to find those relevant extremes at the times i trade. anyone else doing that?
I struggle with the same issue on moving to break even to early and missing big opportunities. Using the SMMA 30 and switching to Heikin Ashi candles has helped me take bigger profits. I also don’t move my S/L to break even until I am 1:1 reward…sometimes I may take partial profits at that level as well. Great videos though. Keep pushing!! 💯
@@user_abcxyzzafter entry and when the candles cross it against your position, I will look at taking an exit if it breaks through it with 1-2 candles. Also a good place to add a position in a trending market. I have started using the SMA20
I'm watching the playlist you made, and I'm really glad you did it. You're harping on the same points and strategy in every video, and showing us how it works with different examples. I love it. This is what I wanted when I went ape on AMC. Thank you!
Hi Riley - great content as always .. Question - if you are trading anything more than 10 MES contracts ; why don't you switch to ES ? whats the point giving excess brokerage to Ninjatrader? Unless of course you have some kind of arrangement with them.
Thank you for your explanation. It helps a lot. I have to keep watching your video again to help me remember. I am so fortunate to able to see your channel.
Yeah trading consistently with small 1 or 2 percent increases is such a safe was of trading. Just not as profitable but if you have good size you can play it safe and make more than enough to pay bills as a trader.
The last trade shouldn’t be a short. The three green bars created imbalance. “Fair value gap” you should be looking to go long out of that imbalance. Big winner plays out.
Riley after watching your videos sometime now I enjoy playing on your video on asking your viewers what you do on situation I would like to see more of them thank so much
That’s great and if i get it, you should have placed 2 TP 1- sclap to secure one point profit and the runner to go 4points…. That way it’s safer. Not moving the SL is good but you have to be able to control you emotion and calm down.
Your video thumbnails many times show a growth equity curve in the background. It would be awesome to see that at the end of the video to see the back test results.
So I had to go test theory out And I'll be damned no I take that back Lord I don't want to be damned sorry But I went to four different stocks, went to the 15 minute charts and looked at what they were doing head and shoulders, choppy choppy choppy sideways and up and down choppy a little bit more and then they shot up I went and did four of them and looked at the four that I looked at that shot up and I backtracked 15 minute charts and every single one of them had the same pattern. What a blessing in disguise. This was thank you for sharing this video.
Hi Riley, I really appreciate your post here at RU-vid. I just started to trade almost 2 months ago. Sorry to bothering you. I would like to know what is your zone time. You always said on your videos the time you’re doing the trade but I would like to know if you are in the USA Center time? Please let me know you. BTW thank you very much for the great videos you have been posted at RU-vid. Thank you 🙏!!!
High leverage cause high risk so I prefer to use it in stable market and not volatilie market because it will kick you out in fraction of seconds and 10x is enough...
In the example of minute 8, how is it possible that we make profit when the price is going down? We bought when it was higher, and we sell when it’s low? Then shouldn’t it be losing money?
To all who truly trade futures contracts. Hey guys? How did you practiced futures on demo account before live account. Teach us the newbies to follow. We beg. I’m struggling to get a platform and a broker to for demo account on futures. Colman, any help? Pls don’t keep silent on this. Thank you.
That much leverage for a new trader is dangerous. Anyways, since you used keverage, how much of that 1650 is actual profit, after you paid back fees and such
Hi Riley, thank you so much for these educational videos. I have one question for you. Which broker do you use for day trading ? Thanks again for your time.
This video helped me a lot actually, thank you, love the concepts that you show, how you showed it, really ha0ppy, 12 well spent minutes, will try this on demo and master it
Just hopp'd in the game, to subsidies my existing income.... youre right, the anxiety of watchin that damn thing jump around is REAL A.F. made alittle extra coin.... but like I said using it to make some extra cash, well see where the journey takes me... hopefully I'll be makin trades as profitable as you claim to be doin. Would def help me out.😂😂😂😂 Gotta get Maw street bike back on the road.🤙😉
Hey Riley @3:38 why not act on the previous bigger head and shoulder pattern right before that smaller one?.. I would expect you would take the bigger shoulder entry after the breakout retest looking at your chart time 7 o`clock 43 minutes, would be a typical entry of your explained strategy.. It makes it look like its breaking that bigger neckline structure.. Just following your explanation like a monk, I would not see any reason why you would have not take that?!.. Considering the rest of this setup would not have played out yet at that time.. I understand it would have been a losing trade, but that entry would actually be yours, when following what you are explaining here.. Sharing two cents from the eye of the beholder, any reply about this specific would be truly appreciated.. Cheers!
Great clip. Is it possible for you to show live trading video, demonstrating how to enter the trade? For example, include the symbol, entry process from start to finish, and the time of entry. thank you.
Hello Riley, love your videos. What contracts are you trading? You said 32 contracts will cost about 300+sum dollars. Is it the ES micros? Thanks for the info.
