Fantastic video I swing trade options And even though i tend to stay in trades for 3 weeki sh at a time i still watch my open trades for the opening hour and a half and the last 15 mins of trading hours as i buy the gap etc
Sizing I think is a VERY big hurdle to overcome. I was working with small losses.... $10 or $20 a trade. Manageable. Once I slowly started to sizing up, the losses were $50 to $100..... this is a big mental challenge to overcome. Some panic took over and had an effect on the trade. I'm still working on this as I continue to size up. A couple of weeks ago I had an $800 losing trade...... can be emotionally taxing! But then again I made back $750 throughout the day so ended with a $50 loss. Since then, I've toned it down a little to where I can handle a loss psychologically.
t That thing he did removing his P N L and replacing it with cents per share was the game change for me...That!!! is the strategy that i use n got me the consistency n breakthrough..n its less stressfull..THIS IS KEY...
Absolutely required viewing... this was an EXCELLENT study in the learning curve where ALL the important steps are laid out and the trader owns up to each step: where he was in his learning and, more importantly, in his mindset. This one is pure gold
flip that thing backwards and it's my robinhood graph lol. well until i discovered credit spreads and iron condors. this guy has done well. he's put in his work
Pure Gold! I loved your notes, Ryan, especially "challenges I experienced"... particularly: "Training your inner voice. How you talk to yourself matters", amongst others. Thank you both, Bella & Ryan. This one's for the Bookmark, a keepsake. Cheers
THANKYOU THANKYOU THANKYOU. As a beginner trader this was a very timely and encouraging video. I have spent many hours watching SMB's videos and I am learning more from you guys right now than anywhere else. Cheers
These videos are not only extraordinarily motivating, but also astronomically informative. I'm so grateful for all that you guys do. I needed this, today.
All new traders struggle to become consistently profitable for most of the first two years -- if at all. The key is to understand why you are failing and what specific steps are required to become consistent. Trying to figure out who you are as a trader, what set ups work for you and developing a process that works can be daunting. You just don't know, what you don't know in the beginning to realize what it's going to take. So this unvarnished reflection of this journey and the advice you both share is invaluable. Thank you both.
Excellent content and nuggets. Be disciplined and hone your craft; have a playbook; use stop losses; be selective; use technicals such as VWAP and multiple time frames; use demo accounts to figure out your own niche; learn, study, and just put the time in! I am disciplined and have turn profitable during the past year. In year 2 of my trading journey. Question: Does SMB offer an in person internship program? I will pay to learn from the best and am truly interested in joining your team. I am your next break-out female success story and I look forward to bringing it!
What an AMAZING video! Well done for putting together so informative material that covers foundation importance, learning curve, expectations, challenges, and so on....... The trader has well deserved his reward!
This is a must watch for newbie traders. It documents the stand point epistemology of stages and thought process of an individual trader but I assure you it reflects the 10% that follow through and are successful.
I keep hearing about how 10% of traders are consistently successful...the actual percentages are much lower. That's why I think many individuals venture(or are lured) into trading- they believe that they can be amongst the top 10%. 10%is way to high a true statistical figure.
I have finally found my niche that works for me after several months of sampling. What's funny is that it is the complete opposite of how I identified as a trader in the beginning compared to the strategies I better identify with today. I totally understand what Ryan was mentioning when he discussed developing what you think is a trade with edge to find out there's little to none. It's part of the process and I love how this video shows me exactly where I am at in this process! Great job as usual guys!
I like the idea that you have to be who you are and find your comfortable niche as a trader. Another excellent insight video on starting as a trader and then developing the time it takes to find your niche, gone through the pain to get the gain.
This is a fantastic discussion to listen in on (especially for newer traders). Emphasis on intensity at each stage/phase really resonates. Thanks for uploading chaps.
I love these videos! I wish I could copy and paste his notes. I do still find it hard to write my trades down, but I am going back and reviewing them each time to see where I could have done better, and saving them to a flash drive which has helped me progress a bit. Mike, your feed back is always constructive and gentle like a proud dad with his kids!
Those listed challenges & experiences above is gold & priceless information for the beginners to become a successful traders. I'll copy that and post infront of my wall. Thanks!
Killer interview. I remember Ryan's video on the VXX short during the "Corona-Bottom" and really enjoyed his systematic approach to that trade. Hearing that same systematic approach to his business was a great extension of that mindset. Thanks again, Bella and Ryan. I'm going to keep this video pinned to top of my "vids to re-watch weekly/monthly".
This was a great video. Really needed to hear someone else's perspective on going from new trader to consistently profitable....which I'm still working on Lol. Thanks for sharing.
Two things I'm noted for chanting: Do the Math Before You Do the Trade, and You (I) could always get back in! This guy got that. I'm curious whether Shark and the other big-trader get out before their stop is triggered or whether they stick with it? It's hard to see unrealized profit wither away vs. the underlying being traded to a target first. I scale in and out. It seems so obvious to add to a trade that's working vs. what most folks do > adding to losers.
Great video. Trading like anything else in life requires discipline, time and experience. Wish I learned this before trading my first penny but I probably would not have listened until I got the experiences I have.
love this video, very insightful, and inspiring. Its like you guys are the Patriots of trading. The culture you have developed is a big factor in your success. Thank you for sharing.
Fantastic! Fantastic! Fantastic! I can admit that, this video is a very valuable map to consistency. In addition, I highly recommend to all “Failing Forward” book by John C. Maxwell, it is an awesome read during learning curve.
Really enjoy the videos. I really like how you work with your traders. Really shows psychology is the biggest hurdle in trading.this makes it so hard for a retail trader to succeed with out a team or coach
My strat stopped working as good this year, I improved it then came back and branched of into another direction and improved it another way. Now I combined everything together and went all in, switching from a descretionary to fully mechanical now to a mixture of both because I know the probability of each one of my setups. Thanks for videos, helps me confirm I'm doing the right thing.
Final thought: I am experiencing also a strong influence of my mental background on the perception of size and P&L swings. Coming from a country where average people make $700 a month, and around $350 when I was 20. You grow up with these numbers around you and they tend to pre-determine a sense of reality for you. But the personal reality can be changed, though it goes with psychological work and great effort to me. This video is helpful.
Amazing and Insightful! I am a beginner and have been one since April. I have definitely been greatly encouraged by this video as I can relate with some of the experience laid out as well as the dos and mental attitude required.
I'm wondering if you'd be able to make a video, or give your thoughts, on using the Volume Profile? It's something that I've been using for a while now and find very helpful. Especially when using it on bigger timeframes like the 20 day, or the 1 Year, you can easily see where the biggest support/resistance levels are, and fairly often you will see breakouts off those levels.Also, do you use scanners that screen for unusual options activity, like Cheddar Flow for example? Thank you for the content you put out.
Registration for the webinar fails with this error: There was a problem registering. Please refresh and try again. Is there are different way to register?
this was great, thanks for sharing. i wish he had continued more off on the importance of his daily routine, what its like, and how he keeps his other areas of his life (health, hobby friends family) also in priority.
if the traders who work at the firm trade the firms capital, what pertcentage of the earnings do the traders get to keep? or are they simply salary based?
Wow! Amazing content, everything is so detailed, decisive, and the diligence and dedication is mind blowing.. I liked one of the line items that said "if your going through a slump size down and put up some green days and rebuild your confidence"... very good video..
What a great testimony! Thanks for sharing. Packed with wisdom to learn. I appreciate that this trader comes off as genuine and humble. In fact I notice it’s a trend among SMB traders on the RUclips clips.
I've got a ton of work to do!!! It's ( almost) overwhelming. I've been giving a lot of thought to quitting lately. I've made a ton of mistakes. I've run in blindly and traded. ( I mean, how hard could it be, up- down or sideways) lol. Just typing this statement now makes me cringe. So...Its back to work. I have a niche that I like, it fits my personality and I've had success with it. Tonight I start my playbook on it. Monday I'm going to scale way down on my trade sizes and build on my first niche.
last week was my worst week in trading, can relate to what this guy is saying, there is a voice in my head asking if i am made for this, should i take a break.
We learn more from our losses! Remember to journal and analyze wins and especially losses. As is mentioned in the interview, if we do that, demo trade, then size down until we start gaining, we can get our confidence back. Wishing you success! And yes, you ARE made for this!
Thought i should ask here i couldnt trade yesterday (Monday) but reviewing what happened in the market and cant find the answer to this, did WHLM have so much movement due to an after glow of Fridays runner or is there any other reason? thanks.
I’m thinking to get trained via SMB U materials posted here ie youtube, will take at least year to go through, My question when I should get my training?
Some of my best trades are the days when i stay in losing option call swing trades and dont make any trades that day because when understand the parametres by which the stockmarket operates within you have the confidence and the ability to trade the biggest of stockmarket waves the stockmarket can throw at you I purposely choose to swing trade option calls with no stop loss which keeps me in trades i want to stay in and not be stopped out of which could prevent big profit and i have the patience to ride the losing trades in to profit Patience and time are 2 of the best skills in trading and they cost nothing to acquire W
Also wanted to say that the lessons from the DNA program are finally paying off dividends. Although converted a bit into the futures markets. Thanks for all the excellent material and insights.
I'm curious, where do I get the type of support and training he's gotten? I applied to SMB but never heard back. Was he hired on as an employee or did he pay for classes with SMB Edge?
Can you please tell me where you put your earnings (as a beginner) from trading? Do you withdraw them from your account and invest it somewhere else or do you keep it in the trading platform to trade bigger size? Thank you!
Personally, my earnings go into my account to trade larger as I go. My plan is to be able to support myself and my interests from trading rather than from wages earned. Cheers!
I don't have RVOL on interactive brokers but I still heavily rely on the indicator; I just look at a 30 min chart to compare with previous days to see if today is a particularly notable day so far or else just look at the daily chart. But I'm a very visual trader so that's just my 2 cents.
@@Dribbles88RVOL provided by Finviz is just ratio between current volume and 3-month average intraday volume. Just to clarify I am looking for the code which is able to determine the current volume relative to the average of the x number of days at the same time. Example if it's 10am I will be able to compare the current day's volume to the average of the x number of days at the same time 10am. Hope I am making myself clear enough.
Im sure you can find some sources out there on RVOL, if you can get a read premarket and a bit after the open that's likely all you need to be in liquid stocks that are likely to trend all day.
For me, my revelation was a long short portfolio. Tight entries on long term trends. Almost non directional now in a sense. Most days, portfolio is up, shorts working in market up days, longs working in market down days. Mostly....but I´ve gotten imbalanced the last 2 weeks because of this bear rally, it that´s what it really is. I mean, the world is in a real economic tsunami about to hit the fan...retailer optimism is still surprisingly high but this could be covid era newbies and yolo culture with money to throw away who´ve never seen a market like this.
SMB what do I have to do to have an opportunity at the firm? I’ve trading for a year but I am having a hard time to be profitable. I want to become a trader with all my heart but I can’t afford loosing anymore.
Try trading on a demo account until you are not losing money then move over to trading live. you can save money in the meantime while you trade on the demo.
Learn 3 trading setups we use on the desk bit.ly/2X11pKX
What topics do you talk in the course?
Fantastic video
I swing trade options
And even though i tend to stay in trades for 3 weeki sh at a time i still watch my open trades for the opening hour and a half and the last 15 mins of trading hours as i buy the gap etc
hey i need funding i will trade forex i can make 200% every year in backtesting can get to join you SMB
Sizing I think is a VERY big hurdle to overcome. I was working with small losses.... $10 or $20 a trade. Manageable. Once I slowly started to sizing up, the losses were $50 to $100..... this is a big mental challenge to overcome. Some panic took over and had an effect on the trade. I'm still working on this as I continue to size up. A couple of weeks ago I had an $800 losing trade...... can be emotionally taxing! But then again I made back $750 throughout the day so ended with a $50 loss. Since then, I've toned it down a little to where I can handle a loss psychologically.
I finally understand what these senior traders are talking about.
t
That thing he did removing his P N L and replacing it with cents per share was the game change for me...That!!! is the strategy that i use n got me the consistency n breakthrough..n its less stressfull..THIS IS KEY...
Absolutely required viewing... this was an EXCELLENT study in the learning curve where ALL the important steps are laid out and the trader owns up to each step: where he was in his learning and, more importantly, in his mindset. This one is pure gold
This is GOLD. Will be on Audible all night. Thanks for the motivation. Love the positive attitude.
👊
flip that thing backwards and it's my robinhood graph lol. well until i discovered credit spreads and iron condors. this guy has done well. he's put in his work
Pure Gold! I loved your notes, Ryan, especially "challenges I experienced"... particularly: "Training your inner voice. How you talk to yourself matters", amongst others. Thank you both, Bella & Ryan. This one's for the Bookmark, a keepsake. Cheers
yes instant SMB Classic
thx Eric!
Guys at SMB thanks VERY MUCH for these videos, it’s so great to learn all this experiences From you🤜🏼🔥
Wow, this is one of the best SMB vids yet!
it's a good one
THANKYOU THANKYOU THANKYOU. As a beginner trader this was a very timely and encouraging video. I have spent many hours watching SMB's videos and I am learning more from you guys right now than anywhere else. Cheers
These videos are not only extraordinarily motivating, but also astronomically informative. I'm so grateful for all that you guys do. I needed this, today.
Richie Martinez 👊
All new traders struggle to become consistently profitable for most of the first two years -- if at all. The key is to understand why you are failing and what specific steps are required to become consistent. Trying to figure out who you are as a trader, what set ups work for you and developing a process that works can be daunting. You just don't know, what you don't know in the beginning to realize what it's going to take. So this unvarnished reflection of this journey and the advice you both share is invaluable. Thank you both.
so true Paul!
By the way this trader talk, you can feel the discipline and dedication he put into his journey!!! Congratulations 👏 👏 👏 👏 you deserve it 👌👌💪💪💪💪💪💪
Yes! Thank you!
Excellent content and nuggets. Be disciplined and hone your craft; have a playbook; use stop losses; be selective; use technicals such as VWAP and multiple time frames; use demo accounts to figure out your own niche; learn, study, and just put the time in!
I am disciplined and have turn profitable during the past year. In year 2 of my trading journey.
Question: Does SMB offer an in person internship program?
I will pay to learn from the best and am truly interested in joining your team.
I am your next break-out female success story and I look forward to bringing it!
What an AMAZING video! Well done for putting together so informative material that covers foundation importance, learning curve, expectations, challenges, and so on....... The trader has well deserved his reward!
thx Romass! Ryan definitely deserves the success
This is a must watch for newbie traders. It documents the stand point epistemology of stages and thought process of an individual trader but I assure you it reflects the 10% that follow through and are successful.
I keep hearing about how 10% of traders are consistently successful...the actual percentages are much lower. That's why I think many individuals venture(or are lured) into trading- they believe that they can be amongst the top 10%. 10%is way to high a true statistical figure.
I have finally found my niche that works for me after several months of sampling. What's funny is that it is the complete opposite of how I identified as a trader in the beginning compared to the strategies I better identify with today. I totally understand what Ryan was mentioning when he discussed developing what you think is a trade with edge to find out there's little to none. It's part of the process and I love how this video shows me exactly where I am at in this process! Great job as usual guys!
Good to hear Mike. 👊
@@mbellafiore19 Thanks Mike. Hope all is well
I like the idea that you have to be who you are and find your comfortable niche as a trader. Another excellent insight video on starting as a trader and then developing the time it takes to find your niche, gone through the pain to get the gain.
Best Lessons to be learned, absorbed, followed through Ever I can Encounter!!
I can’t thank enough.
One of your best videos so far. And they are all good. Thank you.
Joanna Huc awesome! So much to learn from Ryan
This info is AMAZING!!!! Thank you for sharing. Just starting out.
This is a fantastic discussion to listen in on (especially for newer traders). Emphasis on intensity at each stage/phase really resonates. Thanks for uploading chaps.
you are welcome Craig
If you are not consistently profitable yet (not important how long you trade), you not a trader yet...& you must see this video every week
I love these videos! I wish I could copy and paste his notes. I do still find it hard to write my trades down, but I am going back and reviewing them each time to see where I could have done better, and saving them to a flash drive which has helped me progress a bit. Mike, your feed back is always constructive and gentle like a proud dad with his kids!
Mike and Steve thank you for THE BEST INFORMATION for traders on the web BAR NONE!!!
You are welcome Louis
Thank you. This information was very helpful as a beginner in trading.
Those listed challenges & experiences above is gold & priceless information for the beginners to become a successful traders. I'll copy that and post infront of my wall. Thanks!
One of the best videos ive watched from SMB, Thank you Ryan and Mike, these videos are much appreciated
Thanks Vaughan!
Killer interview. I remember Ryan's video on the VXX short during the "Corona-Bottom" and really enjoyed his systematic approach to that trade. Hearing that same systematic approach to his business was a great extension of that mindset. Thanks again, Bella and Ryan. I'm going to keep this video pinned to top of my "vids to re-watch weekly/monthly".
love it
@Dr. MTV, Can't seem to remember that video. Could you please post the link or title of that video?
@@knaider here you go Erick ruclips.net/video/31mpMHoXnC4/видео.html
Very informative and great video. This covers the steps and psychology behind becominga great trader.
Very valuable interview! Thank you both.
Our pleasure!
This was a great video. Really needed to hear someone else's perspective on going from new trader to consistently profitable....which I'm still working on Lol. Thanks for sharing.
Two things I'm noted for chanting: Do the Math Before You Do the Trade, and You (I) could always get back in! This guy got that. I'm curious whether Shark and the other big-trader get out before their stop is triggered or whether they stick with it? It's hard to see unrealized profit wither away vs. the underlying being traded to a target first. I scale in and out. It seems so obvious to add to a trade that's working vs. what most folks do > adding to losers.
Great video. Trading like anything else in life requires discipline, time and experience. Wish I learned this before trading my first penny but I probably would not have listened until I got the experiences I have.
We all learn the hard way! Great that you understand though!
SMB Capital provides such relevant content. Thanks guys! Great stuff!
Deeep Personal Trader Mindset & Analysis! Great video! 👌🏻
The accent bleues you. Well done young man.
Thank you SMB for your great content, it is a great opportunity to jump on the train and take part at this journey to success
Great Interview. What market exposure did you have before you joined SMB Capital?
Excellent clip n thanks. Small losses r the cost to larger gains as one cannot happen without the other. Volatility can be managed, but not avoided...
Kirby Thibeault Thxs Kirby
love this video, very insightful, and inspiring. Its like you guys are the Patriots of trading. The culture you have developed is a big factor in your success. Thank you for sharing.
Much appreciated!
Fantastic! Fantastic! Fantastic! I can admit that, this video is a very valuable map to consistency. In addition, I highly recommend to all “Failing Forward” book by John C. Maxwell, it is an awesome read during learning curve.
thanks for the suggestion!
Really enjoy the videos. I really like how you work with your traders. Really shows psychology is the biggest hurdle in trading.this makes it so hard for a retail trader to succeed with out a team or coach
More like this, superb content! Learning how to become consistently profitable is the key question
Very informative and confidence boosting for new traders like me.
awesome
I wish you all the best brother
My strat stopped working as good this year, I improved it then came back and branched of into another direction and improved it another way. Now I combined everything together and went all in, switching from a descretionary to fully mechanical now to a mixture of both because I know the probability of each one of my setups. Thanks for videos, helps me confirm I'm doing the right thing.
GoSu Gr8 to hear that the videos are helping your trading
Thank you very much fro this video. Nice book recommendatins, I have read all but Dr S yet. This shows that only deeply determined people can do this.
Final thought: I am experiencing also a strong influence of my mental background on the perception of size and P&L swings. Coming from a country where average people make $700 a month, and around $350 when I was 20. You grow up with these numbers around you and they tend to pre-determine a sense of reality for you. But the personal reality can be changed, though it goes with psychological work and great effort to me. This video is helpful.
This is really helpful and real ... thanks for sharing
You are welcome peter
Great Great Video, Thank you Ryan for your time and wisdom from the hard work you put in! Keep it up!
thxs Ohad!
Great insights. As always. Thank you both, Mike and Ryan!
Богдан Деревянко you are welcome
Amazing and Insightful! I am a beginner and have been one since April. I have definitely been greatly encouraged by this video as I can relate with some of the experience laid out as well as the dos and mental attitude required.
Wishing you success! Right now, it's not about making money, it's about learning, then getting established. Cheers!
@@gregs8736 Thanks! Means a lot!
@@altair769 Right on! Your attitude is right. You'll get there!
I’m glad I found this channel.
I'm wondering if you'd be able to make a video, or give your thoughts, on using the Volume Profile? It's something that I've been using for a while now and find very helpful. Especially when using it on bigger timeframes like the 20 day, or the 1 Year, you can easily see where the biggest support/resistance levels are, and fairly often you will see breakouts off those levels.Also, do you use scanners that screen for unusual options activity, like Cheddar Flow for example? Thank you for the content you put out.
Thank you this channel is inspirational wish you every success moving forward
gr8 to hear Andrew!
thx Andrew!
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Is there are different way to register?
Great chat SMB, thank you!
Beautiful presentation. One of the best yet. Thanks guys. 🙏🏼
this was great, thanks for sharing. i wish he had continued more off on the importance of his daily routine, what its like, and how he keeps his other areas of his life (health, hobby friends family) also in priority.
if the traders who work at the firm trade the firms capital, what pertcentage of the earnings do the traders get to keep? or are they simply salary based?
this is a very good advice so have to do more on my self learning
Wow! Amazing content, everything is so detailed, decisive, and the diligence and dedication is mind blowing.. I liked one of the line items that said "if your going through a slump size down and put up some green days and rebuild your confidence"... very good video..
Thanks for this amazing video. Please keep on making them.
you are welcome Sam
will do Sam!
Amazing contenttttt!!!! Bless all of you
thx Ruben!
What a great testimony! Thanks for sharing. Packed with wisdom to learn. I appreciate that this trader comes off as genuine and humble. In fact I notice it’s a trend among SMB traders on the RUclips clips.
Jim Payton good observation Jim
These guys should hv 1M subscribers...
Frank D grateful
We are on the way Frank!
very helpful video. always nice to learn how a trader becomes consistently profitable. a lot of hard work is involved.
good to hear Claire
many years of hard work
I've got a ton of work to do!!! It's ( almost) overwhelming.
I've been giving a lot of thought to quitting lately.
I've made a ton of mistakes. I've run in blindly and traded. ( I mean, how hard could it be, up- down or sideways) lol. Just typing this statement now makes me cringe.
So...Its back to work.
I have a niche that I like, it fits my personality and I've had success with it.
Tonight I start my playbook on it.
Monday I'm going to scale way down on my trade sizes and build on my first niche.
this is a very good channel
thx!
last week was my worst week in trading, can relate to what this guy is saying, there is a voice in my head asking if i am made for this, should i take a break.
We learn more from our losses! Remember to journal and analyze wins and especially losses. As is mentioned in the interview, if we do that, demo trade, then size down until we start gaining, we can get our confidence back. Wishing you success! And yes, you ARE made for this!
Thanks Mike and Ryan, very helpful and informative. I have a suggestion whether you could do an in-depth video on tape reading?
Thx Chris, do a search on our channel for tape reading and we should have plenty of resources there.
That is really motivational video, thanks! Can you make a video on ecn, rebates, how do traders use them?
thanks for the suggestion Danil
Thought i should ask here i couldnt trade yesterday (Monday) but reviewing what happened in the market and cant find the answer to this, did WHLM have so much movement due to an after glow of Fridays runner or is there any other reason? thanks.
Really really valuable insights! Thank you for sharing.
Thank you so much for sharing your experience, wisdom and insights.
Glad it was helpful!
Thank you so much! Great video,
Great interview!
M I 👊
what is his nich? what kind of things does he primarily trade?
Ryan is into low floats mainly - and on the short side
Thank you for these videos.
This was AMAZING!!!!!!
I’m thinking to get trained via SMB U materials posted here ie youtube, will take at least year to go through,
My question when I should get my training?
Some of my best trades are the days when i stay in losing option call swing trades
and dont make any trades that day because when understand the parametres by which the stockmarket operates within you have the confidence and the ability to trade the biggest of stockmarket waves the stockmarket can throw at you
I purposely choose to
swing trade option calls with no stop loss which keeps me in trades i want to stay in and not be stopped out of which could prevent big profit and i have the patience to ride the losing trades in to profit
Patience and time are 2 of the best skills in trading and they cost nothing to acquire
W
Outstanding video and packed with so much great advice and insights.
Glad it was helpful!
Also wanted to say that the lessons from the DNA program are finally paying off dividends. Although converted a bit into the futures markets. Thanks for all the excellent material and insights.
Great video!
Thanks!
I'm curious, where do I get the type of support and training he's gotten? I applied to SMB but never heard back. Was he hired on as an employee or did he pay for classes with SMB Edge?
Ryan was hired at SMB but he went though the SMB Foundation program (all our traders go through that initially) before they even start trading live.
Can you make a video on how to create/select stock screeners? 5/9/24
What is sizing up?
getting bigger in your trades
@@smbcapital ooooohh my risk management is all percentages. But I understand how success can mess with your psyche.
great content guys!
Iam from INDIA , if i sign up your Training , will i trade in my country NSE ? or i need to have NYSE broker firm ?
Can you please tell me where you put your earnings (as a beginner) from trading? Do you withdraw them from your account and invest it somewhere else or do you keep it in the trading platform to trade bigger size? Thank you!
Personally, my earnings go into my account to trade larger as I go. My plan is to be able to support myself and my interests from trading rather than from wages earned. Cheers!
Thanks, appreciate the information
you bet Bill
Thank you for this!
SMB traders always take into account RVOL.
Could somebody kindly help with code for RVOL in Thinkorswim?
I don't have RVOL on interactive brokers but I still heavily rely on the indicator; I just look at a 30 min chart to compare with previous days to see if today is a particularly notable day so far or else just look at the daily chart. But I'm a very visual trader so that's just my 2 cents.
Finviz provides RVAL as well.
@@Dribbles88RVOL provided by Finviz is just ratio between current volume and 3-month average intraday volume.
Just to clarify I am looking for the code which is able to determine the current volume relative to the average of the x number of days at the same time. Example if it's 10am I will be able to compare the current day's volume to the average of the x number of days at the same time 10am.
Hope I am making myself clear enough.
Im sure you can find some sources out there on RVOL, if you can get a read premarket and a bit after the open that's likely all you need to be in liquid stocks that are likely to trend all day.
For me, my revelation was a long short portfolio. Tight entries on long term trends. Almost non directional now in a sense. Most days, portfolio is up, shorts working in market up days, longs working in market down days. Mostly....but I´ve gotten imbalanced the last 2 weeks because of this bear rally, it that´s what it really is. I mean, the world is in a real economic tsunami about to hit the fan...retailer optimism is still surprisingly high but this could be covid era newbies and yolo culture with money to throw away who´ve never seen a market like this.
Love the questions
Story is that he is still consistently profitable even in 2023
SMB what do I have to do to have an opportunity at the firm? I’ve trading for a year but I am having a hard time to be profitable. I want to become a trader with all my heart but I can’t afford loosing anymore.
Try trading on a demo account until you are not losing money then move over to trading live. you can save money in the meantime while you trade on the demo.
The audio sounds good on the headphones
This was great; thanks.
Lou Bou 👊
good talk folks