OMG you're singing my song. I don't have the luxury of youth to make money. I need to make a lot of money now. I want to finally retire and enjoy life. I will continue doing what I'm doing by studying every day. I appreciate your videos. I strive to learn something new every single day. Although nice, I don't need millions just to retire. I'm inching forward with small profits.
@@AmogelangMashaba-k3u FOR YOUR INFORMATION... I am a born again spirit filled Christian. OMG stands for OH MY GOSH. I would never hurt my LORD that way. I suggest you mind your own business and not ASSume.
Hi Riley, Great video. I'm part of your evolved traders group, and I gotta say to anyone considering joining, Riley gives you the best bang for your buck out there. I've really enjoyed the group. Happy New Year!
Ahh slow down it takes 2-3yr of study everyday for 3/8hrs. I actually traded really well at first but didn’t understand the risk and just got lucky often. There’s been so many eye opening days that I learn something but a few weeks pass and it changes again. Mentors rules have changed from 45yr of study. Markets don’t act like they used to because of odte options. Ie; by candle 18 on 5min chart it had a 90% probability of having the high or low of dayshown in those candles. Backtested 40yr and now that happens weekly. I could put my home on that one rule daily but now it totally broken. High vol from those daily Options expiring 20min after the bell. Anyways good luck and stick with mnq and mes to get going and max loss per day is 100$. Just fire yourself after that and switch to simulator rest of day for punishment. Lol
You have amazing ability to "dummy" and explain difficult topics so it is easy to understand. You would be great teacher in general for sure. It is 100% true that if you don't have any "skin" in the game you won't focus / care what happens.
I am new to the day trading journey and I am learning quite quickly that not everyday is going to the day to make money or even place a trade.....I have to remember that the market will be open again tomorrow and there will be more opportunities to place trades. Mental game is very hard to wrap your mind around. I tend to get caught in the mentality that I need to make a trade everyday and when I go down that path, I am almost always in the red or hanging on to bad trades just to break even. This video is great. Thank you.
I am in the fortunate situation of having over 100k in the bank and I am in the game for 4 years with growing confidence. To battle my emotions I added my own algo bot strategy to my options... that gives me the freedom to work on my emotions in forex, penny stocks and stock investments. Never bet on only one horse!
You're my brother, i can say, looking similar like me, i'm connecting with your ideas and soon i will be on your path Thank you for your hard work sharing with us
You have no idea how much this video clicked with me. A few years ago, I lost a lot and was stuck in a position until it recently went up. I kept my mind off things when I waited and then it went up and I became profitable. I started to FOMO into trades and lost most of my money ($70k). i have lately just been staring at the charts all day and felt the need to always be in the trade. Now I realized that I need to just wait for the set up and alerts to happen and then get into the trade. I was hoping to just day trade and now I'm in a bad situation where I cant make rent and I might end up homeless. Put myself in a bad spot and I need to take a step back and just wait for things to play out.
Thank you for the free information mate I follow your strategy more than any others it just seems to resonate better with my lifestyle. Do you have any paid courses or any mentorship’s ?
Your strategy looks like the classic reversals. Reversals are difficult trades to take for new traders. Could you please make a video on how to trade with the trend?
All these a to b "a single big Lamborghini trade" is such a big bs lol 1. Volatility 2. Unexpected news 3. Manipulation 4. markets can stay irrational for longer than you can stay solvent A recipe for a blow up or making a pittance without large account size.
one of your shorts hit my inbox said "are u overmanaging your trades" well yes over under every thing else if i try to hold on for 0.50 it was a mistake cause it don't go there goes up 0.32 then bottom falls out, if i sell with 0.15-0.30 profit it was too soon cause some time later it jumpes up $3 + seems i can't win for losing
I've got new for everyone in here. Trading is a zero EV game minus commissions and taxes. It is impossible to win in the long run. Do not trade or listen to anything this guy has to say.
I havw a genuine question for everyone who's experience trader and also have tried AI. What would be consequence of using AI to trade? I've had seen so many people using AI/bots to trade, which I'd assume bots won't go away anytime in the future; at this point is trading on our own without AI beneficial?
Hey buddy, i appreciate your cntent and strategies, quick question tho.... how much do you make from trading and how much do you make from RU-vid & courses and affiliate marketing?
I Just started going live recently. My technical analysis as far as the short term trend is usually correct. My executions need work, whether entering or exiting. Getting the emotions under control is definitely the hardest thing to do.
There are supposed to be a lot more entry signals and confirmation’s trading in one minute Then why you trade only twice a week or month? Even in one hour candles you find a bunch of opportunities to enter trades
Your a good mentor, anyway 1min Trading is really hard. IIt will probably take me even longer. I haven't found my way yet. I don't think you're as aloof as the others. But I still wonder, how do you get such good trades?I can't just make a good trade. But like I said, I don't think I'm ready yet. greetings from Germany
I highly recommend you dont look at the lower time frames.. It is best to start on the daily, 2 day and weekly time frames as they give you a more clear direction in which price is going. I love heiken ashi candles, but you must remember price is not correct. you should look at regular candles also. hope this helps , as it did wonders for me when i started.
If you dont have an edge you wont make money. Lagging indicators like rsi,macd,ema,etc.. wont give you an edge. Technical analysis alone is not enough. Thats hard yeah thats why less than 1% od day traders are making money after 1 year. (Prop firm stats)
i have a question, so when i try to trade after several hours or even days the most i would get would be $20. is it so low because i only have $200 in the account or is it something else?
It all has to do with the lot size your broker uses coupled with the lot size you are choosing to trade and the instrument you are trading. What level of leverage are you utilizing and what is you risk management strategy? Risking 1-2% of your account per trade with a 2:1 p/l target is a good place to start. $200 in an account with a $20 profit is 10%. That’s a really good return. Either a really good trade, or way too much risk.
I think is worse than poker...in trading you have the all market playing against you...and they can see your cards. your playing style and how far is your limit call. As soon you take a trade the market will reverse on you and if you open a new one on the opposite side the market will stop and think about where is better to go for putting you in loss....2 years I am studying and I think brokers are the problem....is not possible that I can change the direction of all market with a miserable pip (even in demo mode) in any instrument at any time.
I feel contents are not copied, you have expressed your 10k hrs real experience. Mean patience patience patience patience patience. Mindset have more weightage than TA FA RM MM ... Very nice, keep continue your efforts to make more video. Thanks
thanks for all the useful advice and knowledge youve shared, ive been losing but have been learning alot and make a rule never to make the same mistake once i identified it, 2024 will be my year, my trading will finally pay off soon i can feel it as im starting to be more profitable ❤
Why do you feel the need to make the point over and over and over and over again just to make the video longer to tell us what your strategy is it’s annoying