The One Hot Key All Day Traders Should Be Using!
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- Опубликовано: 23 июл 2024
- As a day trader, I believe that there are many strategies and methods that can be used to make money in the stock market online. With that being said, I also believe that there is one thing that all traders, no matter what day trading strategy you are using, should implement within their trading. When it comes to hotkeys, there is one hotkey that all day traders should be using! The good news is, it is a simple hotkey to set up, yet the power it will give to you can make a huge different. As a beginner you may not feel as though this hotkey is necessary, but any day trader or swing trader with a significant amount of experience will probably be able to relate to the horror stories that can happen without this hotkey. The sooner you start using this hotkey and make it part of your stock trading routine, the sooner you are putting yourself in a protected position that ensures you are not losing money in an unnecessary way. Let me show you this hotkey and how to set it up to save you from headaches and frustration.
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It seems you’re stretching to make this video longer. 5 minutes to explain that you may have left an order open. This could have been a 2 minute video. Nice and concise
agreed. youtubers get paid based on how long viewers watch a video.
Thanks for the feedback
Also gotta love the times when you added to your position instead of covering :D
No kidding...that’s the worst
ugh! i know that too lol
Thanks clay! Super helpful!
Happy to help!
Thank you for the tip!!!🏹
Happy to help!
I really needed this thank you
Cheers
Thanks for al your videos its very helpful
Glad you like them!
Goddamn, I'm at 4min and still hasn't told us what the hotkey is...
This should have been a 45 second video.
Edit: now I'm at 6 minutes and just finished watching my second ad and still no mention of the hotkey. I'm out.
Because without context, the Hot Key is gonna sound stupid.
@@claytrader "There are times when you need to quickly cancel all of your orders, whether you're stepping out to the restroom or realize the price isn't going to cooperate. An easy solution for this is to create a hot key to "cancel all orders". Every brokerage platform should have this and it's incredibly useful." - There's your 60-second video script. I value my time and can't sit through 6 minutes of repetitive context. If someone doesn't know when they would need to cancel orders, I don't think a hot key will serve them well anyway.
@@ArbitraryLifestyle not everyone can be as cool and smart as you though....
Great info, and as a Newb This is Very important. Thanks Clay!
Glad it was helpful!
Okay so i know u have said it over and over but what plateform u using to trade with and brokerage account? Thanks in advanced!
This one: claytrader.com/videos/the-stock-trading-platform-for-traders-on-a-budget-best-app/
Yep !!! Happened to me Friday ! Thanks! This video is worth a lot of money !
Sorry to hear!
This is absolutely awesome advice...I got distracted or thrown off on Friday because the spike scanner I use everyday was down, so I tried whatever and it turned into a red day because of me being thrown off...the day didn't have to be red at all...in hindsight, I was trading on trades that are dependant on that tool in order to have the whole picture in order to make a determination of the riskyness of what may appear to be an oportunity when it wasn't. If you have tools that you use to make day trading positions, and that tool is down or you have determined that it is not working properly, or something is going on to where you cannot access that tool that helps you to make good trading decisions, then what I have determined from now on is not to trade, or maybe spend time entering into low risk swing trades, but skip day trading until I have all the tools I use working properly to do so effectively...there will always be another day to trade, IMO. Thanks for the video.
Thanks for the confirmation.
Yea it happens alot, need to be careful and check
Thanks for the confirmation
So, what if distraction arrives and, out of habit, you hit “cancel all” and you cancel a limit order that hasn’t filled...that would close out an open position??
I mean, if you are already in a trade... then you probably shouldn't be walking way...
@@daniellesnow5324 right
awesome. wish you explained in the shortest possible time.
Thanks for watching
So, 'cancel' means to put on hold until you get back to your device? Or that you 'sold' your shares? I just started trading and I've learned a lot from you, Clay.
If you are trying to buy a stock, it will "cancel" your attempt to do so. Watch this video: claytrader.com/videos/trading-101-buy-stocks/
Is there a software I can download to simulate day trading? So I can practice without having money on the table
This offers simulator trading: claytrader.com/videos/the-stock-trading-platform-for-traders-on-a-budget-best-app/
@@claytrader Thanks
@@Frostyy14-- you're welcome
Just learning. Haven’t started demoing yet
I'd encourage you to sign up for my (free) class I offer here claytrader.com/1-hour-trader-transformation/
Hi Clay I'm new with all this, I found your videos here, anything you cam point in the right direction what video I have to watch, so far I'm using robinhood and webull, I really like to learn a lot more I like this very much! Any help I thank you very much
I'd encourage you to sign up for my (free) class I offer here claytrader.com/1-hour-trader-transformation/
Best advice ever 🎓
Thanks for watching!
Hi Clay , can you do a fresh breakdown on your explanation on the Fibonacci retracement lines.. thanks , always learn plenty from your videos.🙏
Thanks for suggestion! Those videos already all exist here claytrader.com/takecontrol
I just use the cancel all button in the pending tab on IBKR
Nice!
also smart to work with "just in case stops". Stops that might be 2X or 3X what your willing to lose but just in case your internet kicks out or lights shut off, your order is out there preventing your bank account reaching 0
Thanks for thoughts!
It’s happened to me. Luckily the times that it happen I’ve end up green. So now if any of my limit sell orders that get executed I go back and check everything especially if I have any unwanted open limit buy orders.
Thanks for sharing!
Keep going👍
Thank you, I will
6:30 to shorten the video to 30 seconds.
False. Without the context I would seem stupid.
@@claytrader you explain right after though. I understand you need filler content to get video length. im just trying to save people some time
@@MasterJjt242 and it's no wonder why 90% of people fail as traders... everyone is always in a rush...
If you have a daily max loss script day+ programmed in your platform it should kick in. Nonetheless thanks for the great tip. How come you dont post your trades on a daily basis? I love watching your content.
Because I want to post other types of content too.
What broker do you use when you have 25k?
Here you go: claytrader.com/resources/
You have a 96% rating with only 1 lost! Impressive! Are you trying to say you are a lucky 🍀 charm sir?
Watch this: claytrader.com/videos/how-to-make-money-trading-stocks-get-lucky-huh/
good
Thanks
I fully understand that YT algorithms prefer +10 min videos over short ones. But, as you can see from many other comments, this is a clear example on how NOT to do it. Don't be afraid of posting quick and simple videos from time to time, but for trade sake, don't make us waste this amount of time just for something that could have been a 2 minutes video.
Don’t fucking watch if you don’t like how long it is 🙃
Thanks for the thoughts.
It has happened to me. I placed a limit but and got a partial fill. The stock sent up (a good amount) and I closed my position for a nice profit. I never canceled the rest of the order. As my bag karma had it that was my last grade for the day. I exited my trading platform and documented my good day. Later, as usual I checked I checked the market on my phone and noticed I had an open position! The stock fell to my original entry point and I got filled as the stock was crashing. By the time I got out I was down for the day with a (thankfully) small loss. It happens in some form to us all. GREAT TIP that I will use going forward.
Sorry for the typos!
Thanks for sharing Jim!
Ctrl 0 - boom? Dammit my limit order cancelled too. Hmm....now that's a nasty surprise.
Careful
Hot keys with a side of Hot Ones hot sauce. 🤤🤤🤤🔥🔥
Cheers
One time when I tried to sell all, I accidentally bought double :). That was an oopsie daisy.
I actually lucked out on the average making for a smaller loss but I’d rather not have used my luck on that.
Oh no!
The habit of clearing all outstanding day trading orders before leaving the platform is extremely important. I have been experienced by losing few months profits from an overnight careless mistake.
Thanks for sharing!
Been paper trading ever since I joined Clay Trader. In 2021 I made the cut to go live. Before I leave I always check Monitor to make sure there are no open orders.
Good idea Dave!
Cancel and Flatten. I press them every time i end a trade. Why - because I lost 500 bucks once (had a buy limit floating around and forgot it) and I feel very lucky that it wasn't 5k.
Thanks for sharing Dave! Helps others to know the danger
start at 5:15 if you don't want to hear the same thing 300 times.
False. I need to build context or else the hotkey won't make much sense.
Lol all happened to me. Got a meeting, a phone call and been in a nasty situation. Why now I only trade stock and setup that I could hold or add for long-term view. So I can go to my meeting and live life without freaking out each move.
Thanks for sharing!
Good tip! and another...skip to 5:30
False. Without the context I would seem stupid.
Been there, done that 🙄
Thanks for sharing
Yeah you are right. Thanks for your videos. I'm still making my profit with the help of intergainers platform
Fantastic!
Great info but it took a painful 6 minutes for you to advise the hotkey
Because context matters.
c'mon your viewcount shows noone cares about 6 mins worth of context.....it's hotkeys not a a strategy mate
friendly advice you want more ppl looking at your channel...sure give a little context then get to the point or ppl will get BORED...simple logic
@@arielfortes472 "simple logic" says the guy with 29 subscribers to his channel...
u poor kid.... im not here for subscribers or giving advice...u are!...lol go to any video on hotkeys and look at the difference lolol none wants to hear u blabber for 6 mins?...strategies are explained in that time lolol...it was fun kid...dont be offended
ok
Cheers
Now ya tell me! 🤦♂️
So you can relate huh? Ugh...
Video start 5:15. Thank me later
False. Without context, the Hot Key won't make much sense.
@@claytrader You are lying.
@@ba.z2606 you are a keyboard warrior
@@claytrader
That was like 5 min I will never get back lol.
?
You could have made this 10 seconds long...
Wrong. It wouldn't have made any sense in that context.
Wow. 5 min of jibberish before getting to the point... I love that you are sharing your knowledge, and I do watch some of your videos.
But please don't stretch out your videos for the sake of stretching them out.. You will lose subs REAL QUICK.
Thanks for the thoughts.