How to get past break even and more day trading Q&A
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- Опубликовано: 8 сен 2024
- #traderlife #livetrading #howtodaytrade
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A bunch more of your day trading questions and answers!
Not financial advice, just my trading day recorded live as it happened. I'm a full time day trader with a big family, from a small town, making a living one tick at a time in my home office. Hoping to help other traders make their way to profitability.
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I really appreciate how in-tune with your audience you are. That will be difficult to maintain as your channel grows. However, I’m very grateful to be a part and that you’ve taken the time to answer my questions 👏🏼
I love love love "one and done" and "keep stacking wins". This gives you the motivation to push through mistakes you make in the beginning so you can trade tomorrow. Rarely does my trading get better when I push it unless it's a solid trend day with many opportunities.
Thanks for answering our questions, we appreciate you Matt!! Have a nice day.
Thank you for another nugget of knowledge!
Really appreciate the answer, looking forward to your next video!
Bummer about the bearings!! Of course when you replace just one the other goes lol. Hope the replacements go well!
Thank you very much for providing such an extensive answer. It was extremely valuable. It really helps to hear how close I am if around 80%. I was the opposite and wasn't feeling encouraged even with the numbers showing the results. Self confidence has been the major weakness that the markets show me I have from my trade data, but I'm working on it. Thank you for passing along the assurance.
I have logged trades for 9 months now and have been adjusting my strategy alongside the data. The review and optimizing is how I've gotten to break even so it's good to know what I'm working on is the right direction. Though I should take a more intentional review of the past data for any new correlations I can find.
Taking only the good trades is what I'm focusing on and trying to just build the ability to do so. Working with 2 units of risk per day and I trade a specific time of day, sounds like I'm on the right track at least. I'll keep reviewing and optimizing. Thank you so much Matt!
My distraction is guitar 🎸
Nice!
I love these Q&A videos. Very good reminders and learning new trading tips listening to these. Reflecting, I really struggle with the “one and done”. When I take a trade that is a winner, especially if it TP fast or fills in my favor I tend to have a bad habit of wanting to jump into another trade prematurely. And you can probably guess what happens next. Thanks for your videos! I really appreciate your content.
I've been putting emphasis on collecting and analyzing my trade data lately. Exactly as you described, finding the optimal parameters for number of wins, losses, trades, trade times, etc. That part really resonated with me. Looking forward to your next video.
Great video again Matt, thanks for all the awesome info
Congrats on the anniversary Matt, enjoy your weekend and thank you for the Q&A
Hi Matt, thanks for the insight. Your answer was just what I thought you'd say. I was thinking it's a good thing to practice with a small account because it teaches patience and good trade selection.
what a wonderful guy love your videos
Oh and Happy Anniversary!
Thanks for another info video Matt, I'm like a sponge😁
Hi there Matt, can you make a video with THE specific setups? Thanks!
Nice Q&A 👌
You talked about you cutting down your trading to one hour a day. How much time a day do you usually spend on trading as a whole then? Like including your homework for the day after, maybe analyzing your data, making improvements etc. Or do you not do that stuff as much these days?
Great vid as always Matt. I have a question for your next Q&A and its probably one you don't get often. So I'm curious what is the most actual dollars you have made in a day? I remember you saying you have traded up to 100 contracts and you have made 100 points in a day before so I am just curious because I am profitable trading 20 contracts per day for 8 to 10 points but i have found that I'm capable of 20 to 40 points a day. Would love to hear your opinion on this and what you have experienced.
I’ve signed up twice now for the newsletter and and have yet to receive any emails!! What’s am I missing?
Great video. Thanks.
I've been trying to trade crypto after work for some weeks now. For very small accounts it's cheaper since you can have very small position sizes without leverage and that's good for practicing.
Now the issue are the wicks.
When I see you trade, the ES market respects the ranges almost to the tick. But in crypto, on a range support, for example, you often have wicks of 1% and more! My stop loss always gets hit and it's really hard to cope with a 1%+ SL. It would be even worse if I had real size.
I have money, however I didn't want to risk a lot of it starting out, but should I just go with ES futs? They also seem more scalable and cheaper for bigger size.
Hello Matt, I was wondering if you are done working on your courses. Any updates?
Great question!
When you cut down to trading one hour per day, what hour was it, and what market was it? (I'm guessing it was the first hour after the New York open, and you were trading the ES.) Great videos and fantastic content! Thank you.
Hey M!
Glad you’re enjoying the videos! I’ve applied that kind of methodology to a few different instruments over the years, but the first time was actually a basket of currencies, USD pairs and crosses but no exotic ones due to spread, for the first hour of the London session.
Can you explain why and how thinking of the ES price in 2.5-point increments helps your trading? Does it have to do with stops and targets, or maybe exiting early with a gain? These increments are calculated (in your head) from your entry point, right?
hello sir. it doesnt really matter what tick size it is. it really depends on how much capital you have on ur acc then you can experiment whats best for you.
Hello there , im in this game for about a year and im losing more now than i did before considering i know a lot more , strange. My question is , how can someone become profitable when there is a full nation on the internet witch teach a vast style of trading but none of them work , how can someone learn this way ? who can you trust ? If you take a strategy from someone and aply it, they will say that you dont do it correctly , i mean i can take any strategy and exit where i sayd from the begining of the trade with no emotions with the same results at the end of the week or month ( a losing trader). And here comes after this the "pshicollogy" of the tradeing , i never understood what pshicology has to do with trading, if you trade for 1-2 months one way and your a losing trader what good that does ? something is wrong and needs to be changed, and here you go unto next strategy and the cycle repeats. Whats the catch in all this ? You seem uncorrupt by this social media "gurus" and genuine good player in the markets so i say to myslef lets see what this dude advice is
pls help i am discourage as they mentioned most 90% traders doont make it.... Also you prefer stock or forex trade for beginers pls help. thank you in advance
its better to understand the fundamentals first and have a lot of screen time trading on sim while your learning. its hard to start right of the bat and trade were most people would do and fail. try to read some books about the history of economics of how things started specially all the crisis that we have experience for the last 100years. i would also recommend the principles of change by ray dalio its free on ytube . if you want to learn futures you can go directly from cme group simulated trading practice tool. i hope all this helps to help you cultivate your brain but all this is just is just a tip of the iceberg. trading is not a job or destination its a journey. goodluck !!
Matt trades futures. He answered this in one of his previous Q&A videos - take a look
My friend, I love your videos but I really hope (in the year since you've made this) that you've stopped making videos and driving. There's a ton of valuable information in these, but none of them are worth getting in an accident. Safety first, brother.