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- Опубликовано: 7 окт 2024
- My only Instagram:
/ jones_trad3s
Hope you all enjoyed!
I got the Notion template from this guy:
/ @maxtradesofficial
This is the link to my Notion template for journaling, it should work.
chain-wallaby-...
#trading #daytrading #stockmarket #dayinthelife
I’ve been making a lot of losses trying to make profit trading. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advise me on what to do?
If you want, try out a cheap prop firm like Apex. That way you won't have to lose your own money. Focus on risk management and risk a small percent of your account on every trade.
i also have been seeing so many recommendations about this trisha davis, is she really that good?
Please how can someone get to speak with her?
i also have been seeing so many recommendations about this trisha davis, is she really that good?
Yes she really is, she changed my life
You got this! I blowed up 20+ prop firms accounts before getting a payout and finally become profitable, don’t let this small setbacks get to you. Keep going!
Thanks bro, I'll get it eventually!
you should consider just focusing on one single product imo.
Yeah or just NQ and ES.. the NQ usually follows the ES so it's good the gauge the both of them at the same time.
@@slyfoxtrades ES is probably the best starting product. NQ can be pretty frustrating for newer traders
I like to focus on whichever has the best current PA. That way if most of the futures are choppy I can just focus on whichever has the best PA and best setup. I understand what you're saying tho.
@@jonahanderson6248 yes that’s something you will want to do when you have a couple of years under your belt. If you Master the PA of one single product you will master the PA of others. You might have a good setup on ES but that exact same setup could be bad when trading oil or gold
One Market. One Time Frame.
Its part of the process. Had my biggest loosing day ever this week. Follwed it up with my biggest winning trade and day. Just keep grinding!
Nice bro!
I was in the same position, I was overwhelmed being in discord groups it did me personally the most damage in my journey. I deleted everything all the groups and took 2 months away came back with a fresh focus. I found an edge in my system rest is history. I don’t watch anything to do with trading apart from your channel because you seem a nice honest lad who is trying to make yours and your families life a little bit financially better to which I just give a bit of advice it may help may not but I would never tell you to change your system.Once you become at peace with losses the journey take a different path. Me personally opened a live account and put £1000 with was allocated which was not for anything else ie household expenses it was a game changer. It gave me more confidence and motivation and got me over the fear of failure, fear of rejection, fear of the unknown, and fear of making a mistake. Keep going my friend it’s a long journey but it’s so rewarding when you get to the end❤
I love your advice thanks so much for the detailed comment brother.
just keep grinding on, i'm a 1000 % sure you'll make it. also, keep a journal and review all your trades at the end of each week. this is something that has helped me a lot and i hope it will help you as well :D
Thanks man, I do journal all my trades I just do it electronically.
It was my fault for not knowing about that Oil news, it's only a minor setback.
Minor setbacks for major comebacks. Love ur mentality!
Is it possible to size down to where your daily stop is 1% of the max drawdown? So if your stop gets "blown" you're more than ok. Also with this method you can use stop limit orders so you get filled on the correction at your actual stop. Also set an alert so if there isn't a correction you can gracefully exit the trade.
@@La-elAeon probably not, if I was risking 1% of 1,500 I would just never pass it
I respect the effort you put into each and every video that you post. Long term investors are in a good position for the final recovery since they know that the market and economy will eventually turn around. I'm doing really well individually, and I'll continue to work hard in this competitive industry. My portfolio is up 43% at the moment. As I progressively add more stocks, I'm going to step back and observe how everything plays out
How did you manage to succeed? I want to invest more wisely because I have a lump sum that inflation is slowly depleting
I diversified my $50K portfolio across several markets with the help of an investment advisor, and I was able to earn almost $200K in net profit among high dividend yield equities, ETFs, and bonds
That is impressive! my portfolio has remained stagnate. Who is guiding you please?
Leah Foster Alderman
You can simply search her up.
Dont let greed and physiological get you. If it's $25 on the table in a few minutes that's the same as a $25/hr job. Take $10 when it gets there. Get that and run lol it'll help get u in and out the trade big dawg. I used to hold trades too long. I'm gonna get back into trading bc I need money bc my job lowered my hours and no more overtime. Deff need to reset the brain needs to rest and gain confidence.
keep this up bro and keep learning man.
Thank you, I will
you will most def bounce back brother, i've been through this multiple times and it gets better as long as you get better and never give up. You got this!!
I sure will, thanks!
keep going and never give up brother, we learn from our failures we only lose when we quit
Exactly!
Hey man keep your head up!
I will!
u got this g set backs only make the success feel better, mentioning the mental aspect i like thinking of trades saying to myself "If i lose this trade was this setup worth it".
If I know I can tell myself yes, then I can trade knowing who cares about the loss I traded a good setup.
I want to mention on the oil trade you had I notice the candlesticks lowering in size indicating a lack of buyside liquidity/ bearish movement. (Oil has been bearish recently). I had this happen to me quite a bit so I now take regular tps and move my SL to breakeven after TP1.
I have gotten 200k in prop firm funding and am returning about 3 percent a month so I am not a genius or anything but these tips might help. Also I spent a year losing before getting even close to my first funded account u got this champ.
Thanks for the detailed reply man, I know if I keep going I will get there eventually, I'm in the stage where sometimes it just feels impossible.
I'm learning to trade options. I'm not sure if maybe indictors might work like EMA or VWAP. Entering on a 5min chart but also confirming with the 2min chart is also super helpful. Anyways good luck, it's just a matter of time before we lock in!
Every Wednesday at 10:30 AM (EST)…. Oil inventory….. 😂
I learned the hard way...
I’ve had a crap week too. Don’t let it rob you of your spirit. Discipline has been lacking for me this week.
something that helped me is working on holding a portion of my position on my winners, your risk management is enough to keep you in the game but developing a way to hold your winners is going to cover your mistakes and give you more of a cushion so on your green streaks you get to that profit target quicker and on your red streaks or unknown news trades/mistakes don't hurt you as much
You right, holding winners is quite difficult but I'm working on it.
@@jonahanderson6248 process over profits , you'll get there we all get our aha moments
Bulenox has a 90% off sale going right now. $17 for a $50k. Great video
No way! Thanks for letting me know!
You’ll find that liquidity tends to temporarily dry up around market news. Doesn’t matter if it’s oil, ES, NQ, etc. If you want to continue trading low volume futures like MCL, I’d stay away from shorter durations like 2m and 5m. Look for support/resistance levels on higher timeframes (15m, 1hr, 4hr) and trade the trend only using the shorter timeframes (2m, 5m) for entry/exit. Less is more when it comes to the number of trades.
I do get my levels from the HTF, I don't typically show the pre-market prep in my videos, thanks for the feedback.
Great video mate, keep your chin up and you'll get there. Justin is a great teacher, you're in good company :)
Thanks, I love his psychology tips.
you can actually just hear it in your voice when you took that paper trade, how relaxed you were and how confident in your trade you sounded. Keep that mentality when it is real money and real profits on the line!!
I know right, it is a completely different game when it's just paper money. I should be able to have that mentality with evals too cause they're so cheap.
Use forex factory calendar. Can customize it based on markets you trade
Using it now.
Great video bro!!! keep up the good work
Thanks!
I've mentioned it before. Focus on 1 index and master it. Stop jumping from ES to NQ to Cl to CG ect. Pick one and learn it. I've offered to talk with you on this stuff and to reach out. I get it, you want to figure it out on your own
This week I've been working on that actually because multiple traders have started to tell me that I should only focus on ES and NQ. I'd be down to hop on a discord call sometime and talk about trading.
wow....that fill on oil
Keep going.... this is only the beginning.
Def if you trading crude oil there is sometimes Crude Oil numbers...its a yellow folder, but since it effects that specifically, def treat it as orange/ red... live and learn brotha!
You right, I guess I need to be more aware of that.
@@jonahanderson6248 yes! as far as the last question, that should be your own preference, but from my experience doing the challenges really kept me from not going out of my own rules / over-trading etc... even though I did do it at the beginning lol - it still helped because I was still spending money on the challenges. Their rules really help set the tone and to be able to sharpen that discipline with risk parameters, in a demo you would just keep trading/ over-trading etc, & no consequences.
Sucks you missed that short. I know that feeling of missed opportunities. I check the stock market watch calendar every morning. I'm more of swing trader using my own capital.
Nice! If I can get over hesitation for good it will make a huge difference for me.
Don't trade on a live account, you'll probably lose it all. Spend some time on demo then if you want, do another propfirm challenge I feel that is the best way. Trading is difficult.
Yeah I'll probably just go back to prop firms soon.
Don’t trade demo! Trade small so you still have the emotions. Even with 1 Micro you still have the emotions of live trading. Trading small is the key. Oversizing will always get you (I kinda said that for myself lol)
it will take many years to master it
Oil report every Wed and gas on Thurs I used to trade both but only the etfs not the futures Dgaz was an atm
Thanks for this info.
May the Lord God bless you bro
Thanks! you too
it went straight for those equal highs. risky taking trades opposite of equal highs.
Thanks for pointing that out.
dont use trendline and you good
Just curious, is the straw in the coffee to mix it? Or to drink from? Never seen anyone do that, do you do it to prevent staining your teeth?
yes I drink from it lol. It kinda helps to not stain my teeth.
@@jonahanderson6248 I figured it’d be way too hot through a straw
How much time do you spend on average in a day journaling, analyzing trades, and working on your plan?
On the days off from Amazon, I'm sometimes at it for more than 8 hours.
If you can consistently journal daily I think that would potentially improve your progress. Consistency is key. For example if you journal for 30 minutes or so daily versus having a day here or there where you go straight for 8 hours will probably be more beneficial.
And the only reason I mention all this is because I’m going through this right with you, I too am still not consistently profitable, but working towards it.
@@DiamondHandsDaveTrades When you say journal what does that mean? Does that just mean going over past trades or does that include studying price action and stuff like that?
Hey Jonah, yeah so journaling includes: 1. Going over your trades, why you took them, and what you could have done better or cutting yourself some slack if it was a good trade off of a good setup that just didn’t work out.
2. Going over your overall performance for the day and seeing if it is consistent with the way you want to be trading, making sure your rules are being followed, and if not, having a plan for how to prevent the breaking of rules.
3. Working on the trade plan, this is includes: which setup are you going to take at which levels/zones and ONLY engaging with those predefined areas and not straying away from that plan. You can have multiple plans by the way, for example, if this level breaks upward getting in long and targeting ‘x,’ if this level breaks to the downside getting in short and targeting ‘x.’ Have a plan for each and every scenario.
4. Going back over your entries each week, month etc. to assess your progress.
Hope that helps!
Listen! You are 22 and way ahead of most of us already. Other prop firms have cheaper fees liie elite trader funding or bulenox.that way you can learn without using demo.everyones a millionaire on demo lol good video bro !
Thanks man, are the evals really cheaper with those prop firms? I thought Apex was the cheapest with their discounts.
@@jonahanderson6248 yes bulenox code MM gets you the 25k for $14 and 50k for $18 i think.
Jones, you don't want to hold much if anything during release #'s. Regardless of what the rules say and dependent on the news you typically don't want to get in until well after the NY stock market open....It doesn't matter what he asset you are trading. There's reasons for this, but there isn't enough room here to go through why. I'm trying to help you, but even that's hard through just a youtube comment.
I know, it wasn't my intention to hold through numbers, I just wasn't aware that they were about to release.
@@jonahanderson6248 Do pay attention to the rest of my comment. If you do decide to trade any news result, wait till the ATR decreases and a manageable trend forms. You may think it never will, but it may even start towards the end of the sessions especially for forex...Those last three hours after very clearly strong or weak numbers is when the trading is easier as the price starts to trend.
Hello, the Sr, yellow red indicator, was is the exact name?.
The risk tool? You have to buy that from a RUclipsr named Riley Coleman.
what exchange do you use
what u mean?
Israel getting attacked was the reason for the oil spiking up so much. If not Israel it certanly is some bad news regarding the war in the middle east. Of course it isnt regarded as news because its unpredictable. You cant expect those things, they just happen.
Oh well
Bro try not to trade and drink coffee, imo coffee is a stimulant and alters your state of mine.
I've heard different opinions, some people say it helps you focus.
don’t worry about it bro i blew like 5 evals before getting funded and got my first payout. i recommend to master one thing, either es or oil or whatver, because if youre not consistent with one your making it harder on yourself trying to trade 3 or 4
A lot of people have been telling me that. The reason I watch multiple is because many times the ES & NQ will be choppy and the RTY will have good PA. I just focus on whatever has the best moves/setup.
@@jonahanderson6248 good bro, can't wait for your reaction on your first payout! I legit cried cause I realized its possible, just have to stay disciplined.
switch to swing trading .. as soon i switch too swing trading a become profitable stress is low.. levels get more respected and i have all the time to do other stuff
I've thought about it, done some backtesting on HTF too. The thing I don't like is holding through major news catalysts and stuff like that.