Hey Matt! Your recent trading videos with the more detailed explanations of your thought process have been great. The longer the video the better, in my opinion! Appreciate you!
Great video. These Q&As are my favorite. On a side note, your ability to maintain enthusiasm after answering the same subset of questions numerous times is commendable lol.
I second this. I don’t have a traditional mentor or someone I can talk to about trading, but listening to Matt has had a huge impact on me which feels amazing. It is like a gradual wave of understanding that has been slowly washing over me for the past few months. Certain concepts are now clicking and I am intuitively focusing on strictly capping risk and letting my reward run loose (when the market permits ofcourse). I have transitioned from fearing the chance of a loss to being content with taking two losses in a row, knowing that one win will still leave me green on the day.
Hi love the content and commentary, glad to see a creator with such detailed explanations of their thought process before entering and during trades. Keep up the good work!
Thanks for doing my question Matt! What I was asking about was the tiny/short candles on the 4000 tick trading chart? Maybe on your big screen in front of you live they are bigger but in the vids they look tiny. Enjoy the channel!
Understood that this is a long game, however when is the point where a trader needs to acknowledge that trading isnt for him/her and quit? Thanks Matt for all the great wisdom so far.
Hey Patrick, I think you’ll know. If they get to the point where they lose the drive for it, or if they’ve gone a solid year or more with diligent work and with no measurable progress. And of course if it makes your life miserable lol. This isn’t for everyone, nothing is really.
You may have discussed this before, but if so please talk again about your view regarding the 8:30 ET reports. Yesterday's CPI report began the big move down with a bang. Do you trade these fast-moving reports?
Amen to the radio sound comment, Matt! I love the deep bass, overcompressed voice. I guess it's too late for us to be saved, lol. About candles you use. Since Transactions only approximate volume, why not use Volume Bars? Sierra offers it. You could use 4000 contracts per candle and have an exact view on volume.
Yeah I even like reverb on instruments and vocals lol, there’s clearly no hope for me. I use the tick chart deliberately because it shows the number of transactions rather than exact volume. It gives a good enough idea of the volume, but is showing you the rate at which people are clicking the mouse or picking up the phone, which is a better way of feeling the pulse of the market in my opinion.
@@DTND gotcha regarding bars. As for reverb, I like it on some instruments (especially with ambient music), but it has to be done well. I am a self taught musician like you and I immediately pick up what effects people use in their songs. In my book if it stands out too much, it's not done well. Few can do it right!
Hey, Matt! Thanks for addressing my question! I thought you hadn't noticed my question in the last video's comment and also I noticed that you respond to comments only first couple of hours after posting your videos. So like a stupid person, asked the same question here in a hurry before watching the video itself. 🙈
Thanks for the answer! I'm going to research more and try out futures. If I'm break-even in crypto, maybe trading the less volatile traditional futures will speed up my learning process into an actual profitable business. And thank you for your videos and time you put in them. Great content! BTW, very impressed, you got my name first try
Being of age and how to manage the sequence of returns in those early periods is what seems quite scary in the current market. The market is never a loser in a twenty year cycle, but the 2000s decade scenario scares me and could really disrupt my retirement. When you are no longer accumulating but withdrawing its hard to be anything but cautious.
Some investors look to their investments as a source of income while others use it is a means to grow or preserve their wealth. For new investors, getting started can feel overwhelming. Risks loom large, and complicated, unfamiliar financial jargon can be intimidating.
Wow, I know Abernathy Nancy Louise, I joined her program just a couple months back.! She obviously brings a lot of experience to the table but more importantly I think she is a tough person in an industry that demands clairvoyance.
A good broker is much more than a venue to execute trades. Look for a broker that can assist you with quality research and educational materials to aid your development as an investor and help you make winning decisions in the markets then you have to seek Abernathy Nancy Louise.
Hi Matt, sorry for leaving another comment on top of the old one, but after finishing your video I've realized that perhaps, JUST MAYBE ( zero offence here ), that you haven't been checking out FX's trading condition these days? For example the major pairs such as Eur/Usd, Gbp/Usd can have a 0 spread if you are trading on a commissioned account. I personally am trading one, and I pay 4.50 USD per round trip ( buy and sell ) for 1 standard lot ( 100,000 ). And also with CFD indices, where you can almost always find with all fx brokers, I am trading the S&P cash, and the spread is constantly fixed at 0.30, which is 0.05 above the usual 1 tick spread in futures, and I do not pay any commission on this S&P cash cfd. With these latest trading condition in fx and cfd, do you still think that it's not worth trying at all? Thanks in advance!
Hey Matt! Your recent trading videos with the more detailed explanations of your thought process have been great. The longer the video the better, in my opinion! Appreciate you!
"You must be beyond disciplined", another great quote for my quote board!
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Great video. These Q&As are my favorite. On a side note, your ability to maintain enthusiasm after answering the same subset of questions numerous times is commendable lol.
You are a great mentor Matt! Thank you so much for your time and patience in sharing your knowledge with us.
I second this. I don’t have a traditional mentor or someone I can talk to about trading, but listening to Matt has had a huge impact on me which feels amazing. It is like a gradual wave of understanding that has been slowly washing over me for the past few months. Certain concepts are now clicking and I am intuitively focusing on strictly capping risk and letting my reward run loose (when the market permits ofcourse). I have transitioned from fearing the chance of a loss to being content with taking two losses in a row, knowing that one win will still leave me green on the day.
Thanks for answering my question Matt greatly appreciate everything you do on youtube you are a fountain of knowledge.
Glad to do it and thank you !
Glad I found you!!!!
Hi love the content and commentary, glad to see a creator with such detailed explanations of their thought process before entering and during trades. Keep up the good work!
Thanks Matt and everyone for great questions! Super helpful!
Great comment, these questions were excellent!
Thanks for taking the time to make this video. As always you provide great insight. I really appreciate the info you share.
Thank you Matt, it was good for me to hear how difficult it was for you to get positive, patience and discipline, patience and discipline!
Yes!
A lot of helpful information there - thank you! Hope you do more of these.
Thanks for doing my question Matt! What I was asking about was the tiny/short candles on the 4000 tick trading chart? Maybe on your big screen in front of you live they are bigger but in the vids they look tiny. Enjoy the channel!
thanks matt another great video, very inspiring
Thank you very much for answering all our questions. Fantastic video!
Thanks for answering my question
I learned a lot from this video. Thank you for sharing your knowledge Matt!
Glad to hear and thank you
Understood that this is a long game, however when is the point where a trader needs to acknowledge that trading isnt for him/her and quit? Thanks Matt for all the great wisdom so far.
Hey Patrick, I think you’ll know. If they get to the point where they lose the drive for it, or if they’ve gone a solid year or more with diligent work and with no measurable progress. And of course if it makes your life miserable lol. This isn’t for everyone, nothing is really.
I do same if i have a win trade im done for a day,i take 3 trades a day when i have loss or 0 i try 1 more then computer out until next day.
Great video. Agree with base sound comment.
Realy good content! Keep it up! Regards from Sweden :)
Many thanks Matt !!!
You may have discussed this before, but if so please talk again about your view regarding the 8:30 ET reports. Yesterday's CPI report began the big move down with a bang. Do you trade these fast-moving
reports?
Amen to the radio sound comment, Matt! I love the deep bass, overcompressed voice. I guess it's too late for us to be saved, lol.
About candles you use. Since Transactions only approximate volume, why not use Volume Bars? Sierra offers it. You could use 4000 contracts per candle and have an exact view on volume.
Yeah I even like reverb on instruments and vocals lol, there’s clearly no hope for me.
I use the tick chart deliberately because it shows the number of transactions rather than exact volume. It gives a good enough idea of the volume, but is showing you the rate at which people are clicking the mouse or picking up the phone, which is a better way of feeling the pulse of the market in my opinion.
@@DTND gotcha regarding bars. As for reverb, I like it on some instruments (especially with ambient music), but it has to be done well. I am a self taught musician like you and I immediately pick up what effects people use in their songs. In my book if it stands out too much, it's not done well. Few can do it right!
Thank you for these videos!
If I want to day-trade futures, what’s the ideal time of day ?
Well Done as always my friend)) I made it to the end with only to head drops on the desk Lmao Just kidding!
Hey, Matt! Thanks for addressing my question! I thought you hadn't noticed my question in the last video's comment and also I noticed that you respond to comments only first couple of hours after posting your videos. So like a stupid person, asked the same question here in a hurry before watching the video itself. 🙈
No worries and you’re welcome!
Thank you for great video!
Thanks for watching
Thanks for the answer! I'm going to research more and try out futures.
If I'm break-even in crypto, maybe trading the less volatile traditional futures will speed up my learning process into an actual profitable business.
And thank you for your videos and time you put in them. Great content!
BTW, very impressed, you got my name first try
Being of age and how to manage the sequence of returns in those early periods is what seems quite scary in the current market. The market is never a loser in a twenty year cycle, but the 2000s decade scenario scares me and could really disrupt my retirement. When you are no longer accumulating but withdrawing its hard to be anything but cautious.
Some investors look to their investments as a source of income while others use it is a means to grow or preserve their wealth. For new investors, getting started can feel overwhelming. Risks loom large, and complicated, unfamiliar financial jargon can be intimidating.
That's good for you. If you dont mind, how exactly does this work ? and how profitable have you been ? I would love more info about her services.
Wow, I know Abernathy Nancy Louise, I joined her program just a couple months back.! She obviously brings a lot of experience to the table but more importantly I think she is a tough person in an industry that demands clairvoyance.
I believe your guide is obviously based where you are in the States, can this also work if I am looking to do this from UK / Scotland?
A good broker is much more than a venue to execute trades. Look for a broker that can assist you with quality research and educational materials to aid your development as an investor and help you make winning decisions in the markets then you have to seek Abernathy Nancy Louise.
Do you ever trade the Micros? Or is it to low liquidity? :)
Hi Matt, sorry for leaving another comment on top of the old one, but after finishing your video I've realized that perhaps, JUST MAYBE ( zero offence here ), that you haven't been checking out FX's trading condition these days? For example the major pairs such as Eur/Usd, Gbp/Usd can have a 0 spread if you are trading on a commissioned account. I personally am trading one, and I pay 4.50 USD per round trip ( buy and sell ) for 1 standard lot ( 100,000 ). And also with CFD indices, where you can almost always find with all fx brokers, I am trading the S&P cash, and the spread is constantly fixed at 0.30, which is 0.05 above the usual 1 tick spread in futures, and I do not pay any commission on this S&P cash cfd.
With these latest trading condition in fx and cfd, do you still think that it's not worth trying at all? Thanks in advance!
What about your tax structure? You have filed as a professional day trader?