Chasing a quick buck, making a quick buck · @Madaznfootballr
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- Опубликовано: 31 май 2024
- EP 124: When chasing a quick buck becomes making a quick buck w/ Max, @Madaznfootballr
With an appetite for fast money, it was only a matter of time before Max would try his hand at day trading...
But unlike scalping tickets, counting cards, reselling items on eBay and other schemes for chasing a quick buck, all of which Max had attempted, trading stuck-and it's since become his livelihood.
The only difference is now he really does make a quick buck. Because true to his nature, Max takes his trading profits in a "scalping" fashion.
To mention a few of the things we discussed; how traders can benefit from being independent thinkers, the nature of scalping strategies, optimizing your workflow, mindset and improving your psychological game, and plenty more.
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Show notes: chatwithtraders.com/ep-124-ma...
Full show notes for this episode, available here: chatwithtraders.com/ep-124-max-madaznfootballr/
I would have loved to know the type of books max would recommend to new and upcoming traders; especially books on tape reading
seeing succesful trader says "i almost quit" helps me as much
5 months later are u still in it ?
@@vegitoblue4390
Still
@@leversandpulleys9274 cool!
Facts!
you profitable yet bro?
Aaron, you are such a wonderful interviewer! Concise, smart, you let the guest speak, you ask the right questions, I love listening to each and every episode. Thank you so much for all that you give, someone like me would never have access to these kind of content otherwise. Keep up the wonderful work and thank you again!
He is the only... and only..... honest guy in trading that I have seen... who does not care about telling his secrets to others for free... and I love his channel...
EagleEyez786 Tim grittani too
And Sean Dekmar also awesome guy and great penny stock teacher
I learn form both Max and Sean
But started my journey from Tim Sykes he's good as well
All guys very transparent and inspiring 👌I very much appreciate all work they do for their community
Lx21
I think it's a cultural thing, Asian are some of the most generous and helpful people I know.
Max is one of my FAVORITE traders, and seems like a super nice guy.
3:37 You're welcome.
Thanks
i like how disciplined he went about preparing to become a trader. i guess being an engineer he knew the value of logic, propper preparation, common sense, creating and sticking to a plan...awesome, just inspiring.
Good
Technical
1. General Tips, Learning process
2. Scalping / Hotkeys
Max just described me, to a "T", when talking about his learning curve, and his psychological pitfalls. This is my favorite episode, to date.
A humbled guy, much respect for what he stands for. Giving back is the key in leaving a legacy behind once ur gone.
Fuck legacy. That is ego. However living a life that gives not only to yourself but others that's worth everything.
I remember trading with Madaz back in the day in a chat room (that doesn't exist anymore). Much different trading style than myself but always enjoyed kicking around trade ideas with him. Cool dude! Nice to see you're still going at it madaz.
Eewee
dude has his own room now. crazy
As a fulltime trader...it is ALL about the mind. I never used to think so but boy do I know it now....okay not all, but I would be far more successful than I am as I usually 60% right...good PA and TA skills but second guessing, fear, doubt are the biggest killers that I am still working on.
I’m exactly with him on 3 min and it’s given be best success as a scalper
Right on... Excellent information....from One Winner to another...
Great interview, guy just made 100k week couple days ago!
I owe you guys for the info to use a 3min setting on TOS charting. Holly crap! Such a simple tweak has made intraday chart reading so much clearer to me. It responds so well with EMA and VWAP. Love the info in these sessions. Straight GLD in this place!!!
What’s this?
Man I been using 2min strategy this whole time. Guess its time to test that 3min!
@@andregreen177 how is the 3min setting going
Thanks so much 2 to 3 min scalping. I love it 😀.
awesome interview great insight on their knowledge and experience thanks for sharing .
man that intro beat is no joke!
Didn't think Id stumble across a GOAT here!
@@onlyreflex8661 no wayyy man
This was an excellent interview. I love the interviews where they're not being intentionally ambiguous or dodging questions. This guy just got followed.
Wow, this was one of my favorite episodes. Great stuff!
Thanks Max and Aaron for a great interview.
this is gold , awsome interview.. subscribed!
Thank you kindly Aaron. Great information about Tape reading. Thank you boys!🇨🇦🇨🇦
Absolutely brilliant interview!!!!
I've listened to many of these podcasts over the past couple days. This one is hands down my favorite. Love how relatable this guy is, especially as a beginning trader- a lot of things that he does can go directly into my way of doing things. Great interview. This got me to subscribe ;)
unconscious competence!
Great work man ! Keep upload this type of stuff.
Great work Aaron
Great insight
I've really enjoyed following Madaz for a couple of years now, and he is such a humble and generous person, and a seasoned trader. Learned a lot from him, and this interview is icing on the cake. Thanks again for another insightful podcast Aaron cheers !
Again another excellent interview and it is greatly appreciated.
I like this guy - he sounds very open and honest.
Great interview. Really enjoyed this one. I have trouble wrapping my head around leaving some on the table when I am watching a position. I like that Max takes the win and moves to the next before that win turns against him.
Thank you guys!!
Great interview. Good work Aaron..
Great guy and a great trader
... just to make up for the lost time, you are very correct. It happened to me too.
Good interview, Aaron. Good insights from Madaz. Hope I can succeed in the longterm by implementing some while eschewing others.
Lov this interview
Love this Video👍
Thank you Max and Aaron
I've been trading for sometime, and I 100 hundred percent agree if your happy in other parts of your life and off time, it really translates into your success as a trader, massively.
My account reflects my current relationship, not looking to good rn. But i have better entries no real exit plan.
@@Theater1TVHow's it going for ya bud
Great interview. Very funny to realize Max is using the same 3 minutes candles like I do and for the exact same reason. I am an engineer as well and I think it’s in our nature to optimize things. Love 3 minutes charts ans I use Fibbonnacci sequence numbers for my EMA,s.
WOW had no idea madaz was gonna come on here. Madaz is just insanely skilled, just incredible. I watch some of his videos every day, many I've watched many times. Thank you so much for everything you teach man, and you do it free which says a lot about the person you are (I mean the info I learned from this, I know it costs thousands of dollars elsewhere and you just give it out for free), I salute you! Hope you keep them videos coming, and please please do that in depth hotkey vid it would be icing on the cake (even though I know you don't use hotkeys that much like ppl think, but just to learn if you do use them when, how, where and why in contrast to when/how you do just manually insert the order by typing numbers/clicking - advantages and dissadvantages because to me I don't yet understand your reasoning in these situations (because you haven't touched much on this subject specifically) and it would be super interesting and superuseful to learn. Right on!
You don't play Leauge of Legends without hotkeys, why shouldn't you do the same for trading. That's why i'm using hotkeys now.
BRO yes.....madaz gives out key info and it so simple to implement.....out of all the videos madaz goes into what he sees.....his mind set.....paper trading plus watching vids already getting better
Love your podcasts man!! I listen to them while trading every day. My goal is to be featured one day on your podcast.... I have more work to do before anyone would want to hear my story.... Until then I am going to sit down and listen!
Much Love
Aaron.. Ill pay anything to listen to Navinder Singh Sarao 😁
Good questions
This guy trades nicely!
Thanks a lot for that
Very good stuff. Thank you!
nice interview
This was some 💎 💎
Madaz absolutely legend
Awesome
His style reminds me so much of tim gritanni, Great interview!
Really? He's a lot more scalpy while Grittani is patient.
@@RawNoLimits this is very true. Tim has gotten more patient over the past year as well so your statement is valid.
lol wow his friend with the lotus did the same shit i did. except i bought the JNUG stock when it dropped to the 4-5 dollar range, then it popped up to 16 dollars.
Bro, what mic are you using? It sounds amazing.
madaz is a fucking beast!!! I have been wtching all his videos and.....respect I don`t like scarp but watching madaz!! .........inspires me!!
We need a follow up chat with Madaz!
Just for reference, his broker statement says he made $4 million as of February this year (2021), and on his website, anecdotal I know, he made $9 million as of April ( he does show losses on the website including a $1.3 million dollar loss).
One of the only traders I know who isnt full of shit. Solid trader
Hi, Todd!! Could you tell the name of the man after Andrew Baptiste again?? :-)
Anw, appreciate what you have shared on the vlogs. Big fan!!
You should get Miss tradesandtikes, female trader on here. Scalping I guess it works for some, but others not so much.
You gotta do Meir Barak, he has so much wisdom and knowledge to share also. Great interview btw!
looks like a hack
have you take the first candle ? star the day 9;30
I've been following Max for years now myself. Early on I think I subconsciously modeled my style after his it seemed like. I've been wondering what's happened to him? Does anyone know?
Cool interview. Coincidentally while listening to this today, I see that he had a personal best trading today of over $80,000 profit in just one day.
Yeah no you didn’t
300K + 200K so HALF A MILLION DOLLARS... yeah I think I'm ok to quite my job and trade full-time now... gimme a break.
I did that with only 10K to my name, and that was all in the trading account!
(didn't work but.... you get the point!)
Lotus was $40K brand new in that time period. Same price as some brand new regular cars at the time. Look it up 😂😂😂
I feel like max is my spiritual brother. We share a lot of similarities background and personality.
This is my kinda trading.
Mad respect for you max.
interview julian Wong please!
What is hot keys?
about his strategy 33:38
I literally just sent this to my friend and told him to listen to it from right there!!!!
.. as in we was just literally having this conversation earlier today, this was like music to our ears. These guys are doing such an awesome job with these podcasts! I’m so encouraged by them
46:00 the scanner settings
As to Level 2, I've heard multiple times about "manipulation." Can anyone suggest resources (videos or articles) to education myself on this.
Dustin Dobrilovic yes , learn who the key market makers are . You can see them play both the bid and ask side at the same price . Is manipulating the stock . That’s one example
@Ste 45 I love you and your family buddy
who is better: Ross or Madaz?
Lol I bought Dang Dang too, but I lost only $200.
How do you save $300k on a $50k salary . Forget trading, just keep saving!
Two years of 6 figures thats already over 200k
he didn't say what exactly he studied to learn day trading. i just wonder how/what he learned ?
Man would love to here from Max again here
55:00 VWAP
Interview the guy from EatSleepProfit.....I have no idea what his name is. But he has YT channel by the same name.
His friend went YOLO on a company that just had a global disaster and then used the profits to buy a car. Whatever you do, don't listen to the friend.
Just curious. Why was my post deleted?
Obviously you didn't like me asking his real name and whether you have looked at his P&L.
One just cannot hide behind an alias if oyu are in the public domain. Mad Max? Bat Man?
he posts his profits everyday on twitter and his website
I’m very skeptical of someone making that much money that early, but who knows
Alex Potts there’s no timeline for success lol
Alex Potts I agree something doesn’t add up he learned quickly in a year and saved 5 years of his salary and used real money to trade nothing adds up
Do he mention how he changes the position size while scalping?
Hot keys
What does he mean when he says he has a pair of hotkeys for enter and exit? Can somebody please explain
He referring to special function keys on the keyboard that is set up to buy and sell fast rather than keying the command. It is faster to sell and buy at market or limit order price very fast. This important for scalping - fast in and out of a position so seconds matter for making or losing $$.
@@adanam6377 yeah bro , but he said that he has a "pair" for entry and exist, how do u have a pair? To add liquidity and remove liquidity in entry as well as exit??
madaz? moar like badass
team auto like
GET @TheShortBear on here
How’d the hell you save 5 years salary in two years?
He said he did it by saving from his job as well as saving from his day trading. Plus he had two years of 6 figures. So that 200k there. Also I thought he said 5 years salary in 3 years. That's probably another 50k assuming he used 1/3 his salary for living cheap (even more by living really cheap)
Agreed he’s lying
We asians live with our parent. 😂
Just wondering cuz that crazy
so... Engineering 5x $300k? plus another $200k ...?
34:00 and 56:00 and 59:45
1:04:00 is very important. A clear mindset = better trader
Uses 3 min chart but holds trade for a few seconds? What?
Why are you confused? 3m gives him enough candle action to read the chart. Some of these candles can be can be entered n exited in seconds because he "scalps". You can buy 10k shares and get $500 on a .05 move. So imagine how fast you can exit for large profit when buying 50-100k shares
@@andregreen177 Yeah but he said the the smallest time frame he uses is 3 mins. Not even 1 min.
@@nepatriots77 he uses the 3 because 1 minute charts give too much unnecessary price action and the 5 minute gives too little. On a 1 minute chart there's no need to see certain retracement patterns if only scalping. It makes sense especially when his level 2 abilities probably give him all the info he needs to cover any doubts. BTW go Pats!
These interviews do not demonstrate -- many are just long in loquacity.
Start of this podcast is just kinda award lisining to the guest laugh at everything he says
It only took you a year? Your like a wonderkin ... and why is level two so crucial when you just said you look at patterns ... why would you go small when your scalping 🧐
Why would any successful trader teach?
Just asking ;)