As a once 22 year old antitheistic atheist that was cheated on by my 21 year old evangelical ex because I wasn’t Christian and had the integrity to stand up for my atheism to her and all my Christian backstabbing friends who cheered her on for cheating and laughed as I suffered because of a broken heart, wanting HER to show some integrity to our relationship enough to even speak to me about it while she ran off ghosting me and having an affair with a 50 year home wrecking pilot old enough to be her father, I have the integrity to say that I laugh at your religious preachiness as if the religious have integrity and the irreligious do not as well as the suggestion that integrity makes you win or that the 50 year old pilot creep she ran off with is somehow a man of integrity when he wouldn’t stop himself from knowingly engaging in an affair with a 21 year old girl when he is old enough to be her father while breaking a young mans heart. The suggestion that smoking weed has something to do with integrity is also a joke. Carl Sagan smoked weed and he is a world renown and beloved antitheistic atheist scientist that campaigned for the moon missions and sent a satellite Mars. I’d rather be the scientifically minded antitheistic atheist with real integrity that I am rather than some “man of god” like you or like her or like him.
Just popped in to say thanks again. Back up to $895 in my account. With just trading $85 for 3 months. Couldn't of done it without all the help you give out daily for free. THANK YOU!
I truly appreciate the work and effort you have put into helping us traders. I am 16 and want to be able to provide for my parents because of all they have sacrificed immigrating to the US.
Probably the best lecture I ever have seen. As a professional trader, this is it. Not the setups, not the technicals, but the discipline and risk management
My story this week... have been trading casually on and off for 3 years or so, but after finding your channel and writing down a trading plan, I made small but consistent gains over the period of a week, I was super excited about it. A few days ago I wasn't in the best mood, but I decided to buy some calls for S&P500 because I was 110% sure it would go up. A few hours later and I lost a couple hundred dollars by being a fool. Taking a break now and re-evaluating. Thanks for speaking the pure truth on this channel, and I hope people can see my mistake so they don't make it themselves. Stick to the risk management strategy, gambling isn't worth it.
I just made the same mistake on the past 2 days. I was feeling super low and felt like my trading is probably never gonna work out.. So I took a few hail mary trades that failed and I lost the gains I had made during the past 2 months..sucks after being super consistent for 2 months in a row. Depression is the enemy of succesful trading.
@@mikkolaine23 Definitely. The 'lockdown' doesn't help with sanity either. I now print out my trading plan and things NOT to do right next to my monitor, so I will be constantly reminded...
When you don't feel good and you're emotional stay away from the market. I suffer from depression really bad and I know when I don't want to get up out of bed or eat or do anything and my mind is racing. I won't even turn my computer on for those days.
Jared, you did an awesome job with this video! I took a 1k loss last week on a stock I should have never been in. Every element was AGAINST my trading plan 1. Wrong price range I'm use to trading 2. Wide spread, couldn't use my hard stop 3. Got FOMO because it was going parabolic in premarket 4. Used way too much size getting into the stock 5. No pattern (I just assumed it was going to go up. When I reviewed the video of my trade, it became crystal clear how much of a dumb ass I was for taking it. I didn't have integrity for sure. All I wanted to see was green, yet in a blink of an eye all I had to show for it was red. Again, much thanks for creating this video, it was sorely needed in the trading community
I've been a locksmith for over 35 years and in our industry, integrity is everything. I quit a job when one of my (many) bosses asked me to do something unethical (bordering on criminal). And I have suffered when I did not act with integrity. Older (a lot) and wiser ( a little).
@@edwardowen8668 same here. Integrity might hurt in the short term, but has always helped in the long run. You only get one chance in this world to make a name for yourself and one of the hardest things to do is overcome a bad one.
A job is replaceable but who you are/your values aren't. Nothing is more important than doing the right thing / going to bed with a clear conscience. Good on you :)
One of the best I've seen. Fresh trader about to embark on what I think will be an interesting new journey. But enthusiasm is no substitute for a resolved preparedness - gifts which Jared imbues with clarity and distinction. My money stays with me until I know that I'm ready. Many thanks
Never break your plan! It's all about integrity (yom chi) Thanks, Jared. Best lesson ever, I was just about to break my plan on some trades, your lecture probably saved me from stupidity. I value your lessons and from now on I will stick tot my plans. Thanks again.
"It's Lecture Time!" - If you're reading this comment, and you're one of those folks who doesn't subscribe to channels but compulsively reads the comment section on videos, I'm telling you this. Live Traders provides absolutely invaluable information that you won't find anywhere else, on a regular basis, for absolutely FREE. Professor Jared is a master of his craft and more than worthy of your following, so hit that subscription button and tick the bell for notifications! Love you Jared, getting that "Live Traders uploaded a video" notification is one of my favorite parts of the week, never stop!
Amazing lecture. Integrity is the basic of everything and nothing works without it. Thanks Jared and Livetraders team. You are helping a lot with this pieces of wisdom.
That was incredible!!! Thank you very much. I’ve been viewing your videos for a month and now have more trust To invest my hard earned money and time into someone that has integrity and honesty about being human. Your not perfect, and admitting that allows me to trust you more. Not all the other BS the internet gives. Your rare Jared, Thank you again!
Hey Jared, started day trading 6 months ago and I learned from watching you, clay, and warriortrading. I haven't had a red week in 2 months and am currently doing a $2000 into $6000 challenge on my channel. Thanks for the great information
Its scary, but right now my depo is 2300, i starting to learn from Ross->Clay->and Jared (best for lectures and my life view). Im on 3rd month... For now stoped because of big loses (fo me), recap and teaching
there are more than enough video's about chart patterns.... this type of stuff is exactly what we need..!!! the mental game of trading is by far the most important topic. thank you Jared we truly apriciate you.
I love these videos about psychology and trading outside of chart analysis. You can have all the technical skills but if can’t apply it, nothing matters!
Felt related to it 100% thanks for the course! :) Lost 300 instead of winning 90 today. Got greedy and went out of the plan today. Not gonna happen again. Learned my lesson.
never done stocks before, learning from here, but what i'm learning is, stop doing things quickly, learn about what your doing, take your time, be patient, don't ever guess or bet on a feeling.
Larry Harvey Best ever lecture. Thank you. Still feeling the pain of no stop loss on Hyliion Thursday. I’m down $2k. HOWEVER! Had I not followed my plan and bailed out when I said to myself “I just made $200 in nine minutes” instead of following my plan waiting for the $375, I’d have been golden. Evidently I suck at choosing targets. I was looking at $25 below resistance.
Jared, I had to stop the lecture at 49:55 and come comment. I was watching and as you were talking through that section I said out loud “what about ath’s” and you immediately say “even with an all time high” and go on to answer the question. Uncanny! Great video. Thanks!
Thank you for this, I had a big L day today because I had NO integrity and went against most of my plans without a question and paid the consequence. Then I wondered why I did that and couldn't answer it, so I changed my plan, but this, this put me straight! I think it's what I needed to hear and Im glad you made this video today. Im not a strong religious person but I think I found my master ;) P.S Im talking about the Market lol
I consider myself a person of integrity and today I discovered what I think I already knew. With regards to trading, I am most certaintly not the person I hold myself out to be. Thank you for this video. There is a saying that when the student is ready, the teacher appears. I saved this video to watch later a day or so ago and just around to watching it. Today I was ready to hear the message. Many times I have told my self to never go break even on a trade. Back testing never reveals a break even trade and so I have always discounted the break even. However, I get taken out a LOT at breakeven only to see my trade work just as planned. This applies to other areas of my trading plan which I do have but rarely follow as I should. Tonight, I create a check list just like a pilot, I will attach the check list to the chart print out for each trade and keep a monthly score card like the one you showed in the video and see where I end up in 30 days. Thank you for the video. I am beyond frustrated with myself for my trading habits and this is exactly what I needed to hear today.
Day 1 of using a checklist. Trade set up check list followed exactly. Trade management checklist followed 50%. Trade result. Full profit target achieved. 30 ticks on crude oil futures. Stress free (mostly that is, otherwise 50% would have been 100%) But overall....Sooooooo much better.
Great stuff as always. One thing that's really helping me overcome my challenges is tracking the trades as you guys say because "raw data can't lie to you." Allows me to build confidence in my plan because it's "mine" and I have data to prove that chasing trades is stupid. Just my 2 cents Thanks for the lecture
I agree...but the truth is, tracking your trades should be common sense. What business doesn't track sales stats etc...What sports team doesn't do it? They ALL do it!
Thank you, Jared. I am a beginner and just learned to place a basic order and putting in a stop afterwards. I know the 3 ..4 candles strategy is basic but i used it. I know it doesnt go our way every time. But it had worked the last 2 days. $210 day 1. $220 day 2. Until i grasped more from your training I will only stay with it. Again TY. TD
Wow I really needed to hear this more than I thought. After coming off my best month so far (trading with a plan that is), I decided to double my risk from $20/trade to 40. Within a few weeks in April I had lost all profits and my equity curve was basically back to zero, from that point I was so furious with myself and abandoned my plan, started throwing darts and only trading AAPL and ZM, not looking for gaps and the losses have only continued. I forced myself back to $10 risk this month and after watching this I printed out my plan, put it on a damn clipboard and am going to FOLLOW it! Honestly, it's hard to stay motivated when risking such a small amount, I'm not looking for "action" or excitement but the trade is definitely less meaningful, I have to drive that thought out of my head. Thanks for the reset, I'm sure I'll be re-watching this one down the road..
For me after 10 years of searching the internet, reading books, going through months of useless you-tubes - MOST VALUABLE LECTURE EVER - And personally I could have done nicely without the charts too. This one I will visit time and time again to take it all in. I appreciate the hours and effort put into these weekly videos - so just want to say thanks.
Hell of a video man. Made a lot of mistakes this year. still positive, but I could of made a lot of more money. integrity will lead you to freedom. great video man.
I think Jared's use of analogies are absolutely fantastic. And if I may add a saying about Character, something like, "Character is what you do when no one is looking."
I’m a new watcher of your videos/trading style, and this video has taught me so much and brings everything into light. This lesson gives me a new plan/direction for my swing trades (I work so don’t day trade). Will watch this again to catch something I may have missed.
Thank you for the excellent lecture. When I started building my self directed retirement portfolios I discovered that I love investing and trading. I am going to start practicing day trading in simulated trading using the checklist and principles you have shared. Integrity is also very important to me so it is good to know that having good integrity and sticking to a plan can lead to success.
Preach it bro! Profoundly life changing stuff to implement- I know I need more trading integrity... I'm a profitable trader, but I have ongoing regrets about certain ruts I regularly fall into
Hey Jared, You guys really nailed this one. It is the simple rules that our emotions so easily destroy . Thanks again guys keep um coming. And remember someone is always watching our behavior, that is why you give the million back.
Got my account suspended on Stocktwits for sharing the blog I mentioned you in! Hahahaha! Thanks so much for sharing it and taking the time to comment. As you know, I value your advice immensely, so being able to do whatever I can to push Live Traders in any way I can is a pleasure. Cheers again for sharing your knowledge and honesty.
Gerald your lectures are pure Gold! Especially your insights about the expectations of trading. You are constantly reminding me to keep it realistic and don't overestimate my trading abilities and that was exactly what I needed after I first got into Crypto. It's a wild west Market and I got hyped by youtube Traders who always say bitcoin could moon any second. That attitude was a real poisin and created FOMO that I had to fight a lot of times. I'm getting better in defeating it, but still need much more experience to stay calm in typical moments of FOMO. Your Risk-Management Strategy has become my foundation to be able to gain that experience. Thank you for putting out your content for free and give real value to new traders! Without you I would have lost a shitton of money already! cheers!
Hi Jerry, new fans from Malaysia. I learn a lot from your lecture also I found my mistake on trading no matters in stocks, commodities, or crypto markets initially was set cut loss on 5% but end up with 10-20% lost. Yes, I did not follow according to the plan when is in the wrong direction. I always back to the starting point. Mistake made: 1) I can do it 10% per day per trade for 7 days profit, I can lose it at 1 single trade because I compound at the last trade, therefore, burn my previous profit. solution: I should fix the amount as you show in the slide. 2) I keep changing on my trading method, starting with the buy in the right position and sell at the target like 3-5%, 5-7%, or 10-15% but It took days. then I change to daily trade but I not learning pattern, pure support resistance, ema cross, BB, MACD, and RSI. solution: I have to learn the pattern and understand more about the fundamentals. 3) I should get sticky notes to remind and always follow the rules. the small quiz at the 2nd last part of the slide, I got 3 YES, and I believe I can learn more from you. Again Thank you I will practice it.
Great video Jared. This was what I needed to hear today. First red day in a month and it was due to breaking my rules. Fortunately I stuck to my loss tolerance for the day but my entries were sloppy. Thanks again
Great video. I focused on my trading techniques a lot but not so much about myself. But this video changed my mind, a way to be a good trader. Thank you so much for sharing.
Love your lectures. They keep me humble. I have been profitable, but have been struggling with strict adhering to rules, as it runs against my free-spirited personality. Keeping stats and journal of all trades helps.
Lol busting up at the 1:00:00 mark. I was picturing the scenario in my head and immediately relaxed and thought ‘we’ll I guess this things gonna hit 2R’. Spot on, completely detached. Great analogy!
Such an important lecture, this really does become more important once all the technical skills have been learned. I do appreciate you sharing the valuable psychology lesson!
yep, as a casino dealer i've seen people do that way more than once. they put money down and then ask the famous question, "how do you play this???" and after being taken aback my job is to explain it to them. it's amazing but true.
OMG!! Jared went deep today, Where did he got this word today and applied to traders! is going to be a long night until I finish this video!! oh boy, here we go!!
Awesome lecture Jared! Your videos and point blank emails have helped me a great deal. Good looking out man. --- Request: I would like to see video(s) of your trade management techniques during trade reviews. Like setting OCO/OSO, selling odd lots, adding to positions; and perhaps explain if you use Hotkeys. or just point and click. Also, I'm adding extra fields to my journal (excel spreadsheet) and wondered if you have formula tips for calculating total R for two different sell prices (like when selling 1/4 lot at 1R and then hitting target). Thanks J
Jared i like your bluntness and honesty. i had been follow some high pressure outfit. i had spent thousands dollars on subscriptions of their secrets formula. so far i had lost few thousands dollars from their advises. so tell your viewers be cautious to anyone who sends you more than 3 emails a day and promise you 100% return guaranteed
When it was announced that Buffet had dumped airlines, I bought PUT options on AAL, lost $50 because there was MASSIVE support @ $9.50 I expect all the airlines to hit new lows at some point in the future, but trying to time the market is DEFINITELY gambling.
OMG .... it truly was one of the most profound lectures i have ever heard about trading .... it made absolute sense .... the questions at the end made me sick .... becuz of my TRUE score ... :( i agree trading WILL reveal things about you you really really dont want to know about ... ( ego )
Thank you for all your videos Jared and Anmol! They are the most genuine videos out there and I couldn't be more grateful for what you guys do. You inspire me to be better everyday! God bless you both!
Jared, I’m a new trader (started trading a few weeks before all this madness). I’ve resisted the temptation to invest in stocks hitting all time highs in order to keep my account free to learn how to trade, rather than invest it all and make a quick buck in what I would consider to be very risky markets. I know you know that this is pretty difficult for a new trader to do, but if I just throw money into the market, i may make some quick cash, but I won’t really learn anything. I guess you could say that I’m sacrificing quick, and potentially big profits, for knowledge and experience in trading. I guess I just want someone to tell me I’m doing the right thing.
Live Traders that’s what I thought you’d say, and what I wanted to hear. Thanks for the confirmation that I’m doing the right thing and not trying to make a quick buck.
And BA rise up high this week I bet the 1st guy will never gamble with stocks for the rest of his life again. Overnight stocks is very risky, and out of ALL the stocks airlines literally were the worst one to bet on.
Jared, your videos have helped so much in understanding the why, I have shared it with all my friends! thank you. Would love to see a video on core trading strategy, as it can get confusing when the price is fluctuating in the short term, I know you have talked about it briefly but doing it as a topic would be great. My humble request. Thanks again
”Beyonce is no fool. She knows what she's talking about.” Lmao! I typically skip through long videos, but you are the only one that I watch every second of it. Great content. Thank you sir.
We saw a lot of people's integrity at the beginning of this pandemic. Hoarding supplies, over purchasing toilet paper, etc. That's even though it says only 1 or 2 per person. Integrity is rare nowadays.
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I want the book, how do I get it? Where do I get it?? I’ve been looking but I can’t find it.
As a once 22 year old antitheistic atheist that was cheated on by my 21 year old evangelical ex because I wasn’t Christian and had the integrity to stand up for my atheism to her and all my Christian backstabbing friends who cheered her on for cheating and laughed as I suffered because of a broken heart, wanting HER to show some integrity to our relationship enough to even speak to me about it while she ran off ghosting me and having an affair with a 50 year home wrecking pilot old enough to be her father, I have the integrity to say that I laugh at your religious preachiness as if the religious have integrity and the irreligious do not as well as the suggestion that integrity makes you win or that the 50 year old pilot creep she ran off with is somehow a man of integrity when he wouldn’t stop himself from knowingly engaging in an affair with a 21 year old girl when he is old enough to be her father while breaking a young mans heart. The suggestion that smoking weed has something to do with integrity is also a joke. Carl Sagan smoked weed and he is a world renown and beloved antitheistic atheist scientist that campaigned for the moon missions and sent a satellite Mars. I’d rather be the scientifically minded antitheistic atheist with real integrity that I am rather than some “man of god” like you or like her or like him.
thomas wrong. So wrong.
Just popped in to say thanks again.
Back up to $895 in my account. With just trading $85 for 3 months.
Couldn't of done it without all the help you give out daily for free.
THANK YOU!
I truly appreciate the work and effort you have put into helping us traders. I am 16 and want to be able to provide for my parents because of all they have sacrificed immigrating to the US.
Jared is the right guy to listen to 100%. Start small man- don't try to get rich quick!
It's a marathon not a 40 yard dash.
you come into the very right place bro!
God Bless You and Family!
from one immigrant to another, I respect this so much! Stay with it and good luck!
Thanks Jared. Most of us need to hear this from time to time. Some of us more often than others.
Probably the best lecture I ever have seen. As a professional trader, this is it. Not the setups, not the technicals, but the discipline and risk management
Thanks, that means a lot to me! I appreciate it!
Jared please keep doing lectures with this structure, loving it. You da man. - Zac
I appreciate that! Thanks!
My story this week... have been trading casually on and off for 3 years or so, but after finding your channel and writing down a trading plan, I made small but consistent gains over the period of a week, I was super excited about it. A few days ago I wasn't in the best mood, but I decided to buy some calls for S&P500 because I was 110% sure it would go up. A few hours later and I lost a couple hundred dollars by being a fool. Taking a break now and re-evaluating. Thanks for speaking the pure truth on this channel, and I hope people can see my mistake so they don't make it themselves. Stick to the risk management strategy, gambling isn't worth it.
I just made the same mistake on the past 2 days. I was feeling super low and felt like my trading is probably never gonna work out.. So I took a few hail mary trades that failed and I lost the gains I had made during the past 2 months..sucks after being super consistent for 2 months in a row. Depression is the enemy of succesful trading.
@@mikkolaine23 Definitely. The 'lockdown' doesn't help with sanity either. I now print out my trading plan and things NOT to do right next to my monitor, so I will be constantly reminded...
When you don't feel good and you're emotional stay away from the market. I suffer from depression really bad and I know when I don't want to get up out of bed or eat or do anything and my mind is racing. I won't even turn my computer on for those days.
I bet Jared is Aries! No sugarcoating, just blunt, straight up honesty! Thanks Jared. Bless you and your loved ones!
Jared, you did an awesome job with this video! I took a 1k loss last week on a stock I should have never been in. Every element was AGAINST my trading plan 1. Wrong price range I'm use to trading 2. Wide spread, couldn't use my hard stop 3. Got FOMO because it was going parabolic in premarket 4. Used way too much size getting into the stock 5. No pattern (I just assumed it was going to go up. When I reviewed the video of my trade, it became crystal clear how much of a dumb ass I was for taking it. I didn't have integrity for sure. All I wanted to see was green, yet in a blink of an eye all I had to show for it was red. Again, much thanks for creating this video, it was sorely needed in the trading community
I've left jobs because they asked me to sacrifice my integrity. Live with no regrets.
I've been a locksmith for over 35 years and in our industry, integrity is everything. I quit a job when one of my (many) bosses asked me to do something unethical (bordering on criminal). And I have suffered when I did not act with integrity. Older (a lot) and wiser ( a little).
@@edwardowen8668 same here. Integrity might hurt in the short term, but has always helped in the long run. You only get one chance in this world to make a name for yourself and one of the hardest things to do is overcome a bad one.
@@aholder4471 It is impossible to overcome because it is always in your mind.
A job is replaceable but who you are/your values aren't. Nothing is more important than doing the right thing / going to bed with a clear conscience. Good on you :)
One of the best I've seen. Fresh trader about to embark on what I think will be an interesting new journey. But enthusiasm is no substitute for a resolved preparedness - gifts which Jared imbues with clarity and distinction. My money stays with me until I know that I'm ready. Many thanks
Never break your plan! It's all about integrity (yom chi) Thanks, Jared. Best lesson ever, I was just about to break my plan on some trades, your lecture probably saved me from stupidity. I value your lessons and from now on I will stick tot my plans. Thanks again.
A big basket of yom chi for all my friends. Great term, putting it on my plan. Thanks.
"It's Lecture Time!" - If you're reading this comment, and you're one of those folks who doesn't subscribe to channels but compulsively reads the comment section on videos, I'm telling you this. Live Traders provides absolutely invaluable information that you won't find anywhere else, on a regular basis, for absolutely FREE. Professor Jared is a master of his craft and more than worthy of your following, so hit that subscription button and tick the bell for notifications! Love you Jared, getting that "Live Traders uploaded a video" notification is one of my favorite parts of the week, never stop!
Thanks, I appreciate the kinds words!
One of the most important things anyone ever taught me:
The pain of discipline is never worse than the pain of regret
Amen to that!
Jared , your presentations are the best I’ve seen on RUclips - on any subject matter.
Thank you! I'm glad you enjoy them!!
Amazing lecture. Integrity is the basic of everything and nothing works without it. Thanks Jared and Livetraders team. You are helping a lot with this pieces of wisdom.
That was incredible!!! Thank you very much. I’ve been viewing your videos for a month and now have more trust To invest my hard earned money and time into someone that has integrity and honesty about being human. Your not perfect, and admitting that allows me to trust you more. Not all the other BS the internet gives. Your rare Jared,
Thank you again!
This is why i like to listen to you, Jared : no non-sense. You tell it like it is. You lecture traders the right way.
Thanks! The market is no joke...so might as well tell it like it is.
Hey Jared, started day trading 6 months ago and I learned from watching you, clay, and warriortrading. I haven't had a red week in 2 months and am currently doing a $2000 into $6000 challenge on my channel. Thanks for the great information
Did you buy Jared's $1800 package to get your education and strategy?
Its scary, but right now my depo is 2300, i starting to learn from Ross->Clay->and Jared (best for lectures and my life view). Im on 3rd month... For now stoped because of big loses (fo me), recap and teaching
there are more than enough video's about chart patterns.... this type of stuff is exactly what we need..!!! the mental game of trading is by far the most important topic.
thank you Jared we truly apriciate you.
Thanks!
I love these videos about psychology and trading outside of chart analysis. You can have all the technical skills but if can’t apply it, nothing matters!
this guy the only one on youtube with no BS..luv watching this....
Powerful stuff... integrity is not just the key to successful trading... it's the key to sucessful life...
Thanks Jared....
Felt related to it 100% thanks for the course! :) Lost 300 instead of winning 90 today. Got greedy and went out of the plan today. Not gonna happen again. Learned my lesson.
Gotta follow your plan!
I bet you will do it again and sooner than you think 😉
This was indeed, by far, your most important lecture EVER.
Keep being you. So other people can become better.
never done stocks before, learning from here, but what i'm learning is, stop doing things quickly, learn about what your doing, take your time, be patient, don't ever guess or bet on a feeling.
Larry Harvey
Best ever lecture. Thank you. Still feeling the pain of no stop loss on Hyliion Thursday. I’m down $2k.
HOWEVER! Had I not followed my plan and bailed out when I said to myself “I just made $200 in nine minutes” instead of following my plan waiting for the $375, I’d have been golden. Evidently I suck at choosing targets. I was looking at $25 below resistance.
Jared, I had to stop the lecture at 49:55 and come comment. I was watching and as you were talking through that section I said out loud “what about ath’s” and you immediately say “even with an all time high” and go on to answer the question. Uncanny! Great video. Thanks!
I'm inside your head, LOL.
Thank you for this, I had a big L day today because I had NO integrity and went against most of my plans without a question and paid the consequence. Then I wondered why I did that and couldn't answer it, so I changed my plan, but this, this put me straight! I think it's what I needed to hear and Im glad you made this video today. Im not a strong religious person but I think I found my master ;) P.S Im talking about the Market lol
Your plan is your guide...follow it.
I consider myself a person of integrity and today I discovered what I think I already knew. With regards to trading, I am most certaintly not the person I hold myself out to be. Thank you for this video. There is a saying that when the student is ready, the teacher appears. I saved this video to watch later a day or so ago and just around to watching it. Today I was ready to hear the message. Many times I have told my self to never go break even on a trade. Back testing never reveals a break even trade and so I have always discounted the break even. However, I get taken out a LOT at breakeven only to see my trade work just as planned. This applies to other areas of my trading plan which I do have but rarely follow as I should. Tonight, I create a check list just like a pilot, I will attach the check list to the chart print out for each trade and keep a monthly score card like the one you showed in the video and see where I end up in 30 days. Thank you for the video. I am beyond frustrated with myself for my trading habits and this is exactly what I needed to hear today.
Day 1 of using a checklist. Trade set up check list followed exactly. Trade management checklist followed 50%. Trade result. Full profit target achieved. 30 ticks on crude oil futures. Stress free (mostly that is, otherwise 50% would have been 100%) But overall....Sooooooo much better.
Great stuff as always.
One thing that's really helping me overcome my challenges is tracking the trades as you guys say because "raw data can't lie to you."
Allows me to build confidence in my plan because it's "mine" and I have data to prove that chasing trades is stupid.
Just my 2 cents
Thanks for the lecture
I agree...but the truth is, tracking your trades should be common sense. What business doesn't track sales stats etc...What sports team doesn't do it? They ALL do it!
Thank you, Jared. I am a beginner and just learned to place a basic order and putting in a stop afterwards. I know the 3 ..4 candles strategy is basic but i used it. I know it doesnt go our way every time. But it had worked the last 2 days. $210 day 1. $220 day 2.
Until i grasped more from your training I will only stay with it. Again TY.
TD
Dude went all-in with his parents money on an airline during a pandemic...
...come on over to WSB... You're one of us.
Always look forward to watching your lectures.
Your straight to the point with NO fluff!!
Wow I really needed to hear this more than I thought. After coming off my best month so far (trading with a plan that is), I decided to double my risk from $20/trade to 40. Within a few weeks in April I had lost all profits and my equity curve was basically back to zero, from that point I was so furious with myself and abandoned my plan, started throwing darts and only trading AAPL and ZM, not looking for gaps and the losses have only continued. I forced myself back to $10 risk this month and after watching this I printed out my plan, put it on a damn clipboard and am going to FOLLOW it!
Honestly, it's hard to stay motivated when risking such a small amount, I'm not looking for "action" or excitement but the trade is definitely less meaningful, I have to drive that thought out of my head.
Thanks for the reset, I'm sure I'll be re-watching this one down the road..
For me after 10 years of searching the internet, reading books, going through months of useless you-tubes - MOST VALUABLE LECTURE EVER - And personally I could have done nicely without the charts too. This one I will visit time and time again to take it all in. I appreciate the hours and effort put into these weekly videos - so just want to say thanks.
Jared,this video prove there is more in you than a good trader.Thank you brother.
Thanks...I appreciate the comment.
Hell of a video man. Made a lot of mistakes this year. still positive, but I could of made a lot of more money. integrity will lead you to freedom. great video man.
Great timing on this lecture, I have been struggling with violating the integrity of my trading plan lately!
Awesome, glad to help!
I think Jared's use of analogies are absolutely fantastic. And if I may add a saying about Character, something like, "Character is what you do when no one is looking."
I agree. Jared is the real deal and his analogies second to none.
Bro can you recommend good educational channel
And a similar saying is: "The true measure of a man is what he would do if he knew no one would find out"
I’m a new watcher of your videos/trading style, and this video has taught me so much and brings everything into light. This lesson gives me a new plan/direction for my swing trades (I work so don’t day trade). Will watch this again to catch something I may have missed.
What a video..!. Extraordinary thinking, great illustration & genius of a presentation. Best video seen ever.
Thanks Jared.
Damn, glad I found this channel, this man is breaking it down!
Thank you for the excellent lecture. When I started building my self directed retirement portfolios I discovered that I love investing and trading. I am going to start practicing day trading in simulated trading using the checklist and principles you have shared. Integrity is also very important to me so it is good to know that having good integrity and sticking to a plan can lead to success.
Preach it bro! Profoundly life changing stuff to implement- I know I need more trading integrity... I'm a profitable trader, but I have ongoing regrets about certain ruts I regularly fall into
By far, the best video on here. This was so needed. Thank you Jared.
Hey Jared, You guys really nailed this one. It is the simple rules that our emotions so easily destroy . Thanks again guys keep um coming. And remember someone is always watching our behavior, that is why you give the million back.
Got my account suspended on Stocktwits for sharing the blog I mentioned you in! Hahahaha! Thanks so much for sharing it and taking the time to comment. As you know, I value your advice immensely, so being able to do whatever I can to push Live Traders in any way I can is a pleasure. Cheers again for sharing your knowledge and honesty.
Thanks, I appreciate the comments!
Gerald your lectures are pure Gold! Especially your insights about the expectations of trading. You are constantly reminding me to keep it realistic and don't overestimate my trading abilities and that was exactly what I needed after I first got into Crypto. It's a wild west Market and I got hyped by youtube Traders who always say bitcoin could moon any second. That attitude was a real poisin and created FOMO that I had to fight a lot of times. I'm getting better in defeating it, but still need much more experience to stay calm in typical moments of FOMO. Your Risk-Management Strategy has become my foundation to be able to gain that experience. Thank you for putting out your content for free and give real value to new traders! Without you I would have lost a shitton of money already!
cheers!
All I have to say Jared is you speak the truth, and I appreciate you. Thank you and have a great Memorial Weekend.
WAS WAITING FOR THIS ALL WEEK THANK YOU
I have binged watched as much content as possible from this channel, amazing job Jared, and this video is actually vital to any trader!
The lecture is core psychology; and trading is **% impact on it.
One of the best video on RUclips 👌🏽 THANK YOU Jared!
Thanks for the intense lecture. I NEEDED this so badly and am blessed to have found it today.
Hi Jerry, new fans from Malaysia. I learn a lot from your lecture also I found my mistake on trading no matters in stocks, commodities, or crypto markets initially was set cut loss on 5% but end up with 10-20% lost. Yes, I did not follow according to the plan when is in the wrong direction. I always back to the starting point.
Mistake made:
1) I can do it 10% per day per trade for 7 days profit, I can lose it at 1 single trade because I compound at the last trade, therefore, burn my previous profit.
solution: I should fix the amount as you show in the slide.
2) I keep changing on my trading method, starting with the buy in the right position and sell at the target like 3-5%, 5-7%, or 10-15% but It took days. then I change to daily trade but I not learning pattern, pure support resistance, ema cross, BB, MACD, and RSI.
solution: I have to learn the pattern and understand more about the fundamentals.
3) I should get sticky notes to remind and always follow the rules.
the small quiz at the 2nd last part of the slide, I got 3 YES, and I believe I can learn more from you. Again Thank you I will practice it.
Great video Jared. This was what I needed to hear today. First red day in a month and it was due to breaking my rules. Fortunately I stuck to my loss tolerance for the day but my entries were sloppy. Thanks again
Awesome glad to help!
not much to say other than you hammer the message home. have a plan, follow it and have some integrity! no fomo! thanks jared.
Jared is out here giving life lessons using charts as mediums.. no one better on here than Jared.
Amen - The Gospel of Jared has been spoken !!! Great lecture. I love the analogies brother.
Great video. I focused on my trading techniques a lot but not so much about myself. But this video changed my mind, a way to be a good trader. Thank you so much for sharing.
this video really pop up at the right time.. my trading has been extremely sloppy lately
Glad to help!
Powerful stuff, thanks for reminding me to quit trading like a jackass.
Thanks!
Always the tough love from Jared.
Love your lectures. They keep me humble. I have been profitable, but have been struggling with strict adhering to rules, as it runs against my free-spirited personality. Keeping stats and journal of all trades helps.
Awesome to hear!
"Most people won't change until the pain to stay the same is greater than the pain to actually change".
I'm guilty.
We all are at times...
Seriously! Very very valuable.!!!
Lol busting up at the 1:00:00 mark. I was picturing the scenario in my head and immediately relaxed and thought ‘we’ll I guess this things gonna hit 2R’. Spot on, completely detached. Great analogy!
Boom! Agreed! Create a plan. Work the plan. Repeat...
Such an important lecture, this really does become more important once all the technical skills have been learned.
I do appreciate you sharing the valuable psychology lesson!
yep, as a casino dealer i've seen people do that way more than once. they put money down and then ask the famous question, "how do you play this???" and after being taken aback my job is to explain it to them. it's amazing but true.
OMG!! Jared went deep today, Where did he got this word today and applied to traders! is going to be a long night until I finish this video!! oh boy, here we go!!
Thanks for the comment...I appreciate it!
Live Traders I finished late since I take notes. And I woke up early for trade as usual but with more integrity! Lol
Awesome lecture Jared! Your videos and point blank emails have helped me a great deal. Good looking out man.
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Request: I would like to see video(s) of your trade management techniques during trade reviews. Like setting OCO/OSO, selling odd lots, adding to positions; and perhaps explain if you use Hotkeys. or just point and click. Also, I'm adding extra fields to my journal (excel spreadsheet) and wondered if you have formula tips for calculating total R for two different sell prices (like when selling 1/4 lot at 1R and then hitting target).
Thanks J
Thanks Jared. I love the lectures on this video. Awesome!
Jared i like your bluntness and honesty. i had been follow some high pressure outfit. i had spent thousands dollars on subscriptions of their secrets formula. so far i had lost few thousands dollars from their advises. so tell your viewers be cautious to anyone who sends you more than 3 emails a day and promise you 100% return guaranteed
When it was announced that Buffet had dumped airlines, I bought PUT options on AAL, lost $50 because there was MASSIVE support @ $9.50
I expect all the airlines to hit new lows at some point in the future, but trying to time the market is DEFINITELY gambling.
OMG .... it truly was one of the most profound lectures i have ever heard about trading .... it made absolute sense .... the questions at the end made me sick .... becuz of my TRUE score ... :( i agree trading WILL reveal things about you you really really dont want to know about ... ( ego )
Thank you so much for this video,an eye opener for most of the retail traders
Love these videos, learned a crazy amount from you
Lmaooooo the ending slide/commentary you gave is absolutely hilarious. I almost died laughing 😂 😂 😂 😂 sheesh that was funny!
Thank you for all your videos Jared and Anmol! They are the most genuine videos out there and I couldn't be more grateful for what you guys do. You inspire me to be better everyday! God bless you both!
Great lecture jerry ,it open my eyes,you explained to the point,its high impact.i will be joining room soon
Thank you Jared... awesome topic!
Love it. Thanks my guy
Thank you Jared....great facts .. great information .. fantastic lesson for traders mostly for beginners.
"That's not integrity man; that's an asshole" Those lines could of been in the movie "Jerry Maguire" it was so good!
LOL...thanks!
Would love to learn from you on "How to journal the trades & track them."
You are the greatest instructor ever .. thank you
Love is a strong word but i love this guy
Thanks, Jered. It made me think a lot about my attitude and strategy and everything. I'm pretty new to this and Learned a lot!
Jared, I’m a new trader (started trading a few weeks before all this madness). I’ve resisted the temptation to invest in stocks hitting all time highs in order to keep my account free to learn how to trade, rather than invest it all and make a quick buck in what I would consider to be very risky markets. I know you know that this is pretty difficult for a new trader to do, but if I just throw money into the market, i may make some quick cash, but I won’t really learn anything. I guess you could say that I’m sacrificing quick, and potentially big profits, for knowledge and experience in trading. I guess I just want someone to tell me I’m doing the right thing.
Profitable trading takes YEARS. This business is HARD. No short cuts...
Live Traders that’s what I thought you’d say, and what I wanted to hear. Thanks for the confirmation that I’m doing the right thing and not trying to make a quick buck.
And BA rise up high this week I bet the 1st guy will never gamble with stocks for the rest of his life again. Overnight stocks is very risky, and out of ALL the stocks airlines literally were the worst one to bet on.
Just started listening to you. Thanks 🙏🏼
Jared, your videos have helped so much in understanding the why, I have shared it with all my friends! thank you. Would love to see a video on core trading strategy, as it can get confusing when the price is fluctuating in the short term, I know you have talked about it briefly but doing it as a topic would be great. My humble request. Thanks again
Great video, will watch it again. Made me finish writing my plans out.
I'd love to see videos of you live trading... watching all these tips in action would be massive help
In the chat room EVERYDAY.
”Beyonce is no fool. She knows what she's talking about.” Lmao! I typically skip through long videos, but you are the only one that I watch every second of it. Great content. Thank you sir.
Ahaha when the pilot say "i dont think we are going to get out of this " ...
We saw a lot of people's integrity at the beginning of this pandemic. Hoarding supplies, over purchasing toilet paper, etc. That's even though it says only 1 or 2 per person. Integrity is rare nowadays.
Thank you very much for your lectures, Jared. I learn something every time!!
Bravo ... what a great video!! I love your teaching.