I started with a small account in the range of 5-10k usd: it's absolutely possible to succeed. One could argue that for the first 6months to a year, it's absolutely fine to start with a small account until consistency is developped. Then proper money management and risk control is all. If a given trader is consistently able to turn a mean profit of about 2 to 2.5% a day on capital the compounding effect is very potent to say the least.
Jared, just want to say that your videos have improved my trading drastically this year compared to how I was doing last year. Proper risk management and psychology is paramount to becoming consistently profitable.
I was listening to this when i successfully made withdrawal from the stock and cryptocurrency markets after learning how to trade from first trade market platform. I am happy I learned how to make $155,000 in 24 hours. I just received my withdrawal in less than few minutes of requesting for payout. I would advise everyone to learn how to trade stock and cryptocurrency trading. The above platform can be found on any browser
I love how you go through different topics in this video, instead of multiple smaller videos like other people. Makes it easy to find everything all in one place.
I’d like to recommend that you read Trading In The Zone by Mark Douglas and also watch his 4 part webinar that can be found here on RUclips. These will take you to another level psychologically.
It doesn't appear that you see many of the comments but I wanted to say thank you none-the-less. I feel like this video was made for me. I am one of those stupid people you talk of, I accept that. I lost 1.8k (majority of my profit so far) on 1 trade of oil today. To top it off I then lost another $300 trading recklessly. I have been trading 1:1, 2:1 at a push, chasing the lavish lifestyle dream. I haven't given up, I refuse to, but the main thing I have taken from this video is that I need to slow down & spread the risk to reward. Keep up the good content, Brad from England
Quick shoutout for credit spreads on a small account - they do require a margin account which puts you under the PDT umbrella, but if done properly you'll only ever incur a "day trade" when you stop out. Successful spreads will expire worthless which doesn't count as a sale, and doesn't trigger the PDT rule. Beautiful for small accounts under the 25k mark.
Once you've been burned just right by the market, it's easy to take a stop loss. Quality videos that are highly overlooked. Love the weekly dose of trading reality.
Off shore is great option. I have a 2500 account with 6-1 intraday leverage every time I make 600 I transfer into my on shore account that way I don't have too much capital in there. Also something that took me a while to understand is ATR. when you have a stock that has a range of 8-12 dollars you don't need to buy that many shares to make a decent profit. 50 shares on a stock with 10 ATR you can definitely build you acct. I KNOW. Maybe that's something you could make a video about so that new traders can understand that ATR can be your friend when growing an acct. Good video Jared everything you said makes perfect sense.
Options are how i chose. 10k account risking 1% and going 3R AON. 3 trade max per day. Monday was. Blood red -$300 Yesterday was stars in alignment green. +$950. Today we made $200 bucks. Figuring risk is harder to do on the fly with options but the formula exists for those good at quick math. But money management is key. Listen to this man or get used to $4 meals. Thanks for everything Jared.
probably the most important video I have watched on trading and I have been trading for 3 years - making and then losing and then making and then losing
This is a fantastic video! I make a lot of content that is about how creators grow through their business(es) as well - pumped to see others making stuff in the same space. :)
My fav guy. everytime I watch your video your advice works for me. still on the way but will get there. 2 years done, best practices helping a lot. Thanks.
Small account trader here. I have 7k to trade with. Been playing the market for 2 years. No big losses. A few good wins. I’m tired of going long on stocks. 2022 I wanna day trade. I’m Looking for a good group to help learn how to be a better trader. I have a cash account right now. Great information. Ty.
I wished I watched this video sooner. I got into trading around the time pandemic started. I made my first investment to snap about 2 or 3 years ago @ 6 dollars a share. I came in at the right time because the stock went up to 12 dollars. So I thought i was the shit, in reality i had no idea what was doing. Long story short, thank you because I learned those lessons the hard way but had no words to describe it. Something Nick Saban said in a speech, " Every Thank You comes with an I OWE YOU." I owe the best that I can as a trader/ investor. And I'll pass the knowledge to others and guide them in the proper direction.
Maybe your best video this year. 8% of Americans make over 100k, less trades make that amount. Don't compare your returns to some one who is trading with 100k more than you. Cut your losses QUICK. Let your winners run. Put up with that JOB for steady income. Don't forget the TPS reports.
jared, two words .... thank you. keep up these videos. I will watch every single one from beginning until end until I am a millionaire, at that point ... drinks on me !
Thanks for this video, It’s a wake up call for me. Been trading / investing for about 8 months, looking to learn how to day trade successfully. My timeline needs to be raised and my money making expectations need to be lowered, at least until I become consistent. Keep up the high quality videos 👍
Another option for less than 25k is to trade the micro e mini S and P futures contract. At 5$ a point and a 4 point stop that's 20$ risk. Scale it up by going to the regular E mini at 50$ a point. 10 points on the E mini is 500$ per contract. 10 contract is 5000$
Good video. I'd be interested to see your take on how you set targets mid-trade. More specifically, what leads your decision to set a bracket and let a long position hit target, vs running with just a stop loss, and moving it up. When you are moving a stop up how do you determine what time frame to use? Thanks.
I was making a youtube video about joblessness. I wanted to understand everything about how money is created and distributed in society. Somehow this took me a year and a half (on top of what I learned in college) Somewhere along the way I ended up watching some of your videos to learn market terms.. long story short I turned 500.00 into 30,000.00 dollars! I feel like I owe you money lol, I hope my sincere thanks will be enough to give you a great day. -Doug
Seriously everyone, point me ONE person/company on the social media world who is as genuine and as direct as Jared! All these videos with priceless content, honest intentions are a gift for which i personally want to say BIG Thank you Jared for the time you are spending preparing these videos, penalizing ``us`` for not being logical and radical in our decisions. I am single father with two very young children, working as carpenter is both physically and mentally pressurising in addition to my daily life caring full time for my kids and running a business, but trading is something i grew to enjoy learning about and set as idea to study and practice. There is so much i can say and want to say to Jared personally, but there is no need, simply admirations for the effort ! Big Big Thank you Ivan From UK
Wow...just 3 minutes into the video and I gotta say you gave the best advice possible..Abt respecting your account...whether it's $50 or $50million.. Appreciate the Wisdom 👍 You're a really good influence for every young man out there that's starting life... I've noticed the video of a day in ur life..The way you treasure and appreciate family...Just every value you display..Though I'm Rough AF and i chose a different path...I gotta say You're a great role model bro..
So far under PDT this year I have an 11-2 win/loss record, all short side trades. Always trying to learn more. This video made a couple of things click in my brain. Subscribing now
Spoken real truth here haven't even started trading yet but i like the realism in this video no amount of money is too small it's all about patience, perseverance and consistent learning
Very good infos Jared! I have a question: How do you choose your papers for the day? I see that the majority trades aren't futures. Is there a maximum of papers that you keep in monitoring? Do you exceed this list along the day or keep in just those papers and nothing else?
I'm sending this RUclips to 2 family members. Maybe it will help bc you definitely helped my up my acct starting at $250 to 50k in 2 yrs. My no 1 quote I remember is don't buy stocks over $5 bc ya don't know shit 🤣🤣
Hi, Jared (feels super personal), my name is Derick from Uganda, your videos are awesome, the clarity and simplicity in your explanations is helping me alot. i have been an off and on trader, made more losses than gains, but i know i will get it. if i give up on every opportunity i will be very frustrated in life and i dont want that. keep them coming. Thanks
Thanks Jared, PDT sucks, Took out money to buy property( no regrets) but a couple bad months( paper cuts) I slowly dropped below $25K. Now 3 trades and week , risking $100 is tough to claw back. Quite often unable to use 84% rule as I would get locked out, unable to scale into/out of trades ,etc. I like your idea of second account. Keep up the great videos, please.
You are right, trading is limitless but if you work for someone else they will tell you what to do, how , how much. I’m in this position atm. I’m Practicing trading now to get rid of these people. Thanks Jared
This was exactly what I needed to hear thanks for the help bro. I’m trying to grow a small account to get over the pdt rule and experienced my fist big loss in a while. This set me straight for my future plan
Giving my opinion here…to start out…find a few stocks or cryptos you believe in, watch it every day, find the support levels, buy the dips and hold until your account is big enough. In a few years you’ll have money to trade with and enough experience to start trading more frequently. By then you will have better mastered your emotions. You will naturally develop strategies that say “if the market does this, I will do that”. It takes time to learn. And learn we must. Unfortunately many people run out of money before learning the most critical aspects of trading. Money management and managing your emotions (avoiding the herd mentality).
The main problem with trading under 25K account is your under PDT rule and if you use the margin that's referenced in the trades in this video you can only make 3 of them a week. I personally think the best route for a small account is to go all cash account no margin then you can make as many trades as you want. Only issue then is settlement time which is most always 2 business days. So if you have a 5k account then you can trade $2500 / day or about 250 shares of stocks averaging $10. If you trade 250 shares and win 60% of trades in a day that profit at least 50 cents then you could make $75 / day. This is not bad and a great starting point. Note that you can only trade about $12500 a week on a $5k cash account BUT you can take as many trades as you want. If you use Margin on a 5k account you will have $20k per trade available but only able to make 3 trades for the entire week. So to maximize your margin then each trade could easily incur an extreme level of risk.
Thank you for this once again Jared! Money mgmnt...minimize risk, have a plan, its not gambling unless you are a gambler. This was good for my wife to hear so I could explain risk and setting stop loss and adhering to the plan/strategy with sound analysis. Again, thank you!
“If you want it, you’ll do it, if you don’t, you won’t.” Thank you for the consistent reminders, Jared.
I started with a small account in the range of 5-10k usd: it's absolutely possible to succeed. One could argue that for the first 6months to a year, it's absolutely fine to start with a small account until consistency is developped.
Then proper money management and risk control is all. If a given trader is consistently able to turn a mean profit of about 2 to 2.5% a day on capital the compounding effect is very potent to say the least.
Jared, just want to say that your videos have improved my trading drastically this year compared to how I was doing last year. Proper risk management and psychology is paramount to becoming consistently profitable.
I was listening to this when i successfully made withdrawal from the stock and cryptocurrency markets after learning how to trade from first trade market platform. I am happy I learned how to make $155,000 in 24 hours. I just received my withdrawal in less than few minutes of requesting for payout. I would advise everyone to learn how to trade stock and cryptocurrency trading. The above platform can be found on any browser
I love how you go through different topics in this video, instead of multiple smaller videos like other people. Makes it easy to find everything all in one place.
Liked!!. I have been waiting for this all my life. Thank you Jared.
''too succeed you first have to last'' i love this quote
My trading tuition has been quite pricey. I'm at a point where I gotta work on the psychology...get in get out. Not giving up. Awesome vids!
I’d like to recommend that you read Trading In The Zone by Mark Douglas and also watch his 4 part webinar that can be found here on RUclips. These will take you to another level psychologically.
@@britnee1855 thanks Brit!
It doesn't appear that you see many of the comments but I wanted to say thank you none-the-less. I feel like this video was made for me. I am one of those stupid people you talk of, I accept that. I lost 1.8k (majority of my profit so far) on 1 trade of oil today. To top it off I then lost another $300 trading recklessly. I have been trading 1:1, 2:1 at a push, chasing the lavish lifestyle dream. I haven't given up, I refuse to, but the main thing I have taken from this video is that I need to slow down & spread the risk to reward.
Keep up the good content,
Brad from England
Quick shoutout for credit spreads on a small account - they do require a margin account which puts you under the PDT umbrella, but if done properly you'll only ever incur a "day trade" when you stop out. Successful spreads will expire worthless which doesn't count as a sale, and doesn't trigger the PDT rule. Beautiful for small accounts under the 25k mark.
Once you've been burned just right by the market, it's easy to take a stop loss. Quality videos that are highly overlooked. Love the weekly dose of trading reality.
Love to listen to you Jaeed.
Better than any other tubers out there.
Love the true.
Your videos are ultra gold ! thx a lot !
Off shore is great option. I have a 2500 account with 6-1 intraday leverage every time I make 600 I transfer into my on shore account that way I don't have too much capital in there. Also something that took me a while to understand is ATR. when you have a stock that has a range of 8-12 dollars you don't need to buy that many shares to make a decent profit. 50 shares on a stock with 10 ATR you can definitely build you acct. I KNOW. Maybe that's something you could make a video about so that new traders can understand that ATR can be your friend when growing an acct. Good video Jared everything you said makes perfect sense.
What does the atr measure?
Options are how i chose. 10k account risking 1% and going 3R AON. 3 trade max per day.
Monday was. Blood red -$300
Yesterday was stars in alignment green. +$950.
Today we made $200 bucks.
Figuring risk is harder to do on the fly with options but the formula exists for those good at quick math.
But money management is key. Listen to this man or get used to $4 meals.
Thanks for everything Jared.
probably the most important video I have watched on trading and I have been trading for 3 years - making and then losing and then making and then losing
This is a fantastic video! I make a lot of content that is about how creators grow through their business(es) as well - pumped to see others making stuff in the same space. :)
Yay... my fav teacher. Happy thanksgiving Jared.
I'm new at this game and I've seen a thousand videos and I have to admit this one Nails it on the reality of trading.
I really like your "When Will the Insanity Stop" segment. Do you think you could do like a one off full length video of just a bunch of those?
Your training is so excellent. I learn so much from you. Thank you.
no one wants to be featured on "When Will The Insanity Stop" however, I can't get enough of those segments. Thanks Jared.
My fav guy. everytime I watch your video your advice works for me. still on the way but will get there. 2 years done, best practices helping a lot. Thanks.
Small account trader here. I have 7k to trade with. Been playing the market for 2 years. No big losses. A few good wins. I’m tired of going long on stocks. 2022 I wanna day trade. I’m Looking for a good group to help learn how to be a better trader. I have a cash account right now.
Great information. Ty.
Thank you Jared, I really needed my weekly dose of discipline and reality
Thanx appreciate you
@@jessicawiley3872 Scammer.
I learned so much from this video, thank you
I wished I watched this video sooner. I got into trading around the time pandemic started. I made my first investment to snap about 2 or 3 years ago @ 6 dollars a share. I came in at the right time because the stock went up to 12 dollars. So I thought i was the shit, in reality i had no idea what was doing. Long story short, thank you because I learned those lessons the hard way but had no words to describe it. Something Nick Saban said in a speech, " Every Thank You comes with an I OWE YOU." I owe the best that I can as a trader/ investor. And I'll pass the knowledge to others and guide them in the proper direction.
Great video! Yes “risk management” is so important!!!
Maybe your best video this year.
8% of Americans make over 100k, less trades make that amount.
Don't compare your returns to some one who is trading with 100k more than you.
Cut your losses QUICK.
Let your winners run.
Put up with that JOB for steady income.
Don't forget the TPS reports.
Literally love the way you end up all videos. Thanks for all this material
jared, two words .... thank you. keep up these videos. I will watch every single one from beginning until end until I am a millionaire, at that point ... drinks on me !
Thanks for this video, It’s a wake up call for me.
Been trading / investing for about 8 months, looking to learn how to day trade successfully.
My timeline needs to be raised and my money making expectations need to be lowered, at least until I become consistent.
Keep up the high quality videos 👍
thanks for sharing i learned so much just now,
@@jessicawiley3872 scammer
Another option for less than 25k is to trade the micro e mini S and P futures contract. At 5$ a point and a 4 point stop that's 20$ risk. Scale it up by going to the regular E mini at 50$ a point. 10 points on the E mini is 500$ per contract. 10 contract is 5000$
i am starting to see it now quite clear thank you!!!
I appreciate your perspective
Words of wisdom. A wise person takes 'Wisdom' and applies the knowledge. A 'not so smart' person takes knowledge and pushes it aside. great video.
Good video. I'd be interested to see your take on how you set targets mid-trade. More specifically, what leads your decision to set a bracket and let a long position hit target, vs running with just a stop loss, and moving it up. When you are moving a stop up how do you determine what time frame to use? Thanks.
Hoi Jared ,from the Netherlands .its great to follow you. thanks.👊🏻
I so need this video. Thank you
Jared is one of the realist! I don't ever comment on videos like that but this guy is just awesome, Thank you!
I was making a youtube video about joblessness. I wanted to understand everything about how money is created and distributed in society. Somehow this took me a year and a half (on top of what I learned in college) Somewhere along the way I ended up watching some of your videos to learn market terms.. long story short I turned 500.00 into 30,000.00 dollars! I feel like I owe you money lol, I hope my sincere thanks will be enough to give you a great day. -Doug
You actually explained this to me in an email you sent me about almost 3 years ago😎💪🏻
Seriously everyone, point me ONE person/company on the social media world who is as genuine and as direct as Jared! All these videos with priceless content, honest intentions are a gift for which i personally want to say BIG Thank you Jared for the time you are spending preparing these videos, penalizing ``us`` for not being logical and radical in our decisions.
I am single father with two very young children, working as carpenter is both physically and mentally pressurising in addition to my daily life caring full time for my kids and running a business, but trading is something i grew to enjoy learning about and set as idea to study and practice.
There is so much i can say and want to say to Jared personally, but there is no need, simply admirations for the effort ! Big Big Thank you
Ivan
From UK
Great as always.
Love these lectures. Thanks Jared!! Coming to the chat channel soon. Funding is tight to start.
Love this lecture!!!
Your awesome Jared, thank you!
Wow...just 3 minutes into the video and I gotta say you gave the best advice possible..Abt respecting your account...whether it's $50 or $50million.. Appreciate the Wisdom 👍 You're a really good influence for every young man out there that's starting life... I've noticed the video of a day in ur life..The way you treasure and appreciate family...Just every value you display..Though I'm Rough AF and i chose a different path...I gotta say You're a great role model bro..
my fav part of every lecture video you post is when u get to the "when will the insanity stop" part !
Good video, thank you!!
thanks jared, an amazing presentation
awsome video jared
Excellent. Realistic, yet motivational.
So far under PDT this year I have an 11-2 win/loss record, all short side trades. Always trying to learn more. This video made a couple of things click in my brain. Subscribing now
Thanks Jarred, appreciate your time presenting the reality, thank you
Spoken real truth here haven't even started trading yet but i like the realism in this video no amount of money is too small it's all about patience, perseverance and consistent learning
Amazing video Mr Wesley, thank you so much.
So much value right here 🔥🔥🔥
Thank you
Amazing video👍
That was fantastic 👍
Subscribed. Totally agree that money management is the pillar of successful trading.
Thanks Jared, Darren in Cyprus
ty jared
Enjoying your content Jared, thanks
love it! Thanks Jared
This was a great video ❤
Very good infos Jared! I have a question: How do you choose your papers for the day? I see that the majority trades aren't futures. Is there a maximum of papers that you keep in monitoring? Do you exceed this list along the day or keep in just those papers and nothing else?
I'm sending this RUclips to 2 family members. Maybe it will help bc you definitely helped my up my acct starting at $250 to 50k in 2 yrs. My no 1 quote I remember is don't buy stocks over $5 bc ya don't know shit 🤣🤣
I love how you tell the truth! like it is. You have some of the greatest videos on RUclips. Keep up the great videos!
just love listen to you Jared, i don't trade stock i trade forex. I can sit down and listen to you all day long because you just make sense :)
thank you Sir . for passing the knowledge.
Thank you Jared for the time and effort you put to give us this important learning advise.
Hi, Jared (feels super personal), my name is Derick from Uganda, your videos are awesome, the clarity and simplicity in your explanations is helping me alot. i have been an off and on trader, made more losses than gains, but i know i will get it. if i give up on every opportunity i will be very frustrated in life and i dont want that. keep them coming. Thanks
oh btw is there a free traders' forum i can join, that you can recommend?
Thanks Jared, PDT sucks, Took out money to buy property( no regrets) but a couple bad months( paper cuts) I slowly dropped below $25K. Now 3 trades and week , risking $100 is tough to claw back. Quite often unable to use 84% rule as I would get locked out, unable to scale into/out of trades ,etc. I like your idea of second account. Keep up the great videos, please.
Use more then one brokerage to trade, I do thinkorswim and then switch to E*Trade if I exceed 3 days.
Great information, thank you.
Thank you so much for helping others to the best of your abilities!
Jared, Lots of good REAL pointers. Do you conduct classes? Would love to join.
This was hard to hear.. but necessary. Thank you Sir
Im also a new trader. Your videos make alot of sence
Love the vids…
Lecture time is my favorite time! :D
I just want to know which subreddit is this?
Good content as always to help with the proper money management
You are right, trading is limitless but if you work for someone else they will tell you what to do, how , how much. I’m in this position atm. I’m Practicing trading now to get rid of these people. Thanks Jared
do you use interactive brokers?
Awesome 👏 thanks for doing this video
Hello Jared
If someone has purchased your course, how long should we take to complete the course(PTS), a few weeks or a year etc.
moving averages periods?
my question is im new to this but in your course or live trading room can you trade any amount you want while learning as far as when you send signals
“Do it the right way and this will be the best decision you ever made” 👏
Yes Sir!!!
hey Jared-do you have any vids on systematic compounding trading?-love yr channel dude-!
This was exactly what I needed to hear thanks for the help bro. I’m trying to grow a small account to get over the pdt rule and experienced my fist big loss in a while. This set me straight for my future plan
Man, you are the real trader i was looking for! I love the slap of reality when it hits and wakes me up..Thank you for this lesson sir,,,
Giving my opinion here…to start out…find a few stocks or cryptos you believe in, watch it every day, find the support levels, buy the dips and hold until your account is big enough. In a few years you’ll have money to trade with and enough experience to start trading more frequently. By then you will have better mastered your emotions. You will naturally develop strategies that say “if the market does this, I will do that”. It takes time to learn. And learn we must. Unfortunately many people run out of money before learning the most critical aspects of trading. Money management and managing your emotions (avoiding the herd mentality).
The main problem with trading under 25K account is your under PDT rule and if you use the margin that's referenced in the trades in this video you can only make 3 of them a week. I personally think the best route for a small account is to go all cash account no margin then you can make as many trades as you want. Only issue then is settlement time which is most always 2 business days. So if you have a 5k account then you can trade $2500 / day or about 250 shares of stocks averaging $10. If you trade 250 shares and win 60% of trades in a day that profit at least 50 cents then you could make $75 / day. This is not bad and a great starting point. Note that you can only trade about $12500 a week on a $5k cash account BUT you can take as many trades as you want. If you use Margin on a 5k account you will have $20k per trade available but only able to make 3 trades for the entire week. So to maximize your margin then each trade could easily incur an extreme level of risk.
Can you take through on how to start?.
Thank you for this once again Jared! Money mgmnt...minimize risk, have a plan, its not gambling unless you are a gambler. This was good for my wife to hear so I could explain risk and setting stop loss and adhering to the plan/strategy with sound analysis. Again, thank you!
RE: 15:33 +/- mark. Do end of day climatic moves tend to gap, to open the next day or is it more random?