Well said. Critical thinking is unfortunately not a skill people have, and they factor out the possibility that they either lack the patience or are just not good enough at something, and are quick to assign blame elsewhere. On top of it, people go into endeavors with entitlement and believe success should come easily.
Technically, between 1/2022 and 4/2024 I went from having >$90K in debt (mostly SL) with a net worth of -$64K to having no debt and a net worth of >$523K trading stocks and forex. You need to use other people’s skillsets to your advantage, as you’ll never be successful going it alone
never really approached the markets with trying to trap traders. Going to implement this process and strategy with a back test. Thanks for all the content!
“Trapping traders” is an awesome explanation for this strategy and it also puts you in the right mentality for survival in the market. Good stuff champ 💯
I hope you know that you are a gem Michael. Not only because of trading and you sharing in your knowledge, but also you come across as one as a human being. Just a superb character.
Holy cow your channel is awesome. Please upload more in this series. Just seeing you walk through the trades and talk through your thought process is golden. What EMA are you using? And what time frame is your chart?
@Michaelchin I'm happy that you're allowing yourself to take more profits now. it was good to limit, keep your ego in check until you feel like raising the limit. Staying totally in control of what you're doing as a trader while still taking good calculated risks is a challenge I love taking on, and with consistency and recieving education from you [and others] I'm excited to become fully capable here. Thanks for your work in help educate people in the market. It's amazing to accessibly have you as an educational resource!
Hey @Michael, I was wondering about your strategy of placing orders. I noticed that you do a 2/1 loose to won. So your risking 2 points for 1 point. Is there a reason behind this ?
Thank you for the type of content u share Mike. I have improved a lot after learning from you and so many contents on youtube and have never taken a class. Hope to grow further and wish u the same.
hello Michael can you please make a video for the 2 legit pullback how can we identify clearly and how we can read it in the chart as like as you did it :D
This is one of the best explanations of the videos you shared , I was looking to understand what's on your mind while trading And now I feel more confident about going into the market with that knowledge
I began investing at the age of 34, primarily utilizing my hard work and dedication. Now at the age of 42, I am delighted to share that my passive income exceeded $100k for the first time in a single month. This advice is truly valuable, so don't hesitate to take action. Remember, it's not about achieving wealth quickly, but rather about building wealth consistently and persistently.
Hi,if you think its going bearish,but it turns bullish or the othe opposite, and it drops really bad. Do you wait for it to come back or is it all your money gone? Im just seeing all the money digits going red,so its why I'm wondering if thats how people say they lose all.
Hey Mike happy to see you back on the market, I wanna follow up with you to start trading again I had bad experience in the past, so now on I wanna to take advantage and start trading again 🤞🏼
Hey Mike I’ve been using ur methods and it been working out great. I’ve mainly been trading in the after hours though, because it’s a lot more slower and easier. I feel like I panic during market hours a lot. I’m trading in market hours with only the sun account and my last trade went great with that. I’ll continue practicing and update you a month or two down the road again. If you have any other helpful advice please let me know.
@@maxmorris4562 Yeah there's a lot of other good ones out there, I just use him for scalping which I think are very low stress type of trades......my most stressful ones are actually ones that I take through fibonacci and its a play for the long side.
Michael Chinn thank you so much for takeing time to show me these tips and tricks. Because you know in this business the highs are high but the lows are super low .So I take time and watch all your videos atleast once a day to keep me sharp on my skills I just want to say thank you
I began my investment journey at the age of 33, primarily through hard work and dedication. I am to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields
This is superb! Information, as a noob it gets quite to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?
Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $500k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently.
Love ur videos I have a paper trading account I set to 5k . Why is it that I can put in orders that exceed my account 5K amount but then if I lose the trade it only takes off the losing account? Why am I able to place an order that’s worth more than the paper trading account amount of time I’ve order? Much appreciated if you can help. Just want understand the breakdown.
Is it Tradingview? The concept is called "Leverage". If I have 5k Equity and have 4x Leverage, I can trade worth 20k. P&L will be proportional to the volume traded with the 20k. The broker is lending you the extra money to trade.
@MichaelChin @MichaelChin What else you look when you are trading in another screen?…. Volume?.. NQ?…. Fang Stocks?…. Another time frame at the same time????
From my understanding a tick chart allows us to see the movement better 2k tick chart mean each candle stick has 2k trades inside it. 2k total of buying or selling trades.
Retail players don't have stops so they sell, when it goes against them they add more to lower their average and finally they blow up. Those are the red candles fighting the trend.
I want to know how to set an automated runner in ninja that has a break even as another contract’s take profit. Do you have a video showing that? Can anyone else point me in the right direction?
I am sorry that it is been a long time and we cannot bind you onto something which no longer exists. I have to inform that it is sad that another individual is handling the website now. Micheal is no more with us. Sadly we won't be able to disclose the further reason. May his Soul rest in peace. Hope you guys stay safe and God Bless. Kindly pray for his peace.
The Bitcoin Express is a popular cryptocurrency trading platform With its user-friendly interface and advanced tools, profits are easily within grasp By keeping a close eye on market trends and leveraging its powerful algorithms Traders can ride the Bitcoin wave to profitable gains without missing a beat
Smart work, not just hard work, is essential. I believe experience n risk management are the ‘nuts & bolts’ of this industry!
It’s all bullshit… I can’t seem to understand trading from all these videos I’ve watched PLUS I’m not good at mathematics
Eh, if you don’t do anything silly and try to keep a low risk, it’s quite fun and rewarding.
Well said. Critical thinking is unfortunately not a skill people have, and they factor out the possibility that they either lack the patience or are just not good enough at something, and are quick to assign blame elsewhere. On top of it, people go into endeavors with entitlement and believe success should come easily.
Technically, between 1/2022 and 4/2024 I went from having >$90K in debt (mostly SL) with a net worth of -$64K to having no debt and a net worth of >$523K trading stocks and forex. You need to use other people’s skillsets to your advantage, as you’ll never be successful going it alone
@@OhhHellNoYouWont
care to elaborate?
never really approached the markets with trying to trap traders. Going to implement this process and strategy with a back test. Thanks for all the content!
“Trapping traders” is an awesome explanation for this strategy and it also puts you in the right mentality for survival in the market. Good stuff champ 💯
I hope you know that you are a gem Michael. Not only because of trading and you sharing in your knowledge, but also you come across as one as a human being. Just a superb character.
That final trade example was thrilling man! thank u 4 making these videos, REALLY helpful.
Holy cow your channel is awesome. Please upload more in this series. Just seeing you walk through the trades and talk through your thought process is golden.
What EMA are you using? And what time frame is your chart?
is this a tick chart and what ema do you use?
I’m so glad you’re back!! I got into trading by watching your 15ish videos years ago!! Glad I get to learn from you again!!!!
He stopped because he got caught selling someone elses course while trading simulator for videos lol.
@@Dx_Ach LMAOOOO yoooooo are you serious?! Yo that's wild Shit I still support my boy, his videos too good
@@Influencer_insider yep, him and Riley are still business partners, except Michael got caught and Riley did not.
@@Dx_Achtell us more
Great video Michael! Is that a 1 min chart with a 9 ma?
hallo bro which plate form u trade?
What platform is this you trade on?😊
nice videos!! what time frame chart you use for your trading?
@Michaelchin I'm happy that you're allowing yourself to take more profits now. it was good to limit, keep your ego in check until you feel like raising the limit. Staying totally in control of what you're doing as a trader while still taking good calculated risks is a challenge I love taking on, and with consistency and recieving education from you [and others] I'm excited to become fully capable here. Thanks for your work in help educate people in the market. It's amazing to accessibly have you as an educational resource!
12:30 : My friend - there are sellers and buyers in each tick !
What softwate is this?
Thank you for teaching.
Hey @Michael, I was wondering about your strategy of placing orders. I noticed that you do a 2/1 loose to won. So your risking 2 points for 1 point. Is there a reason behind this ?
Please show the timeframe in your videos. Thanks.
What broker do you use?
What are you trading on?
simulator
@@Dx_Ach 😯
So good to see you back!
Hi Michael, Thank you for your great video. Does this also apply for US day trading stocks like AMZN, TSLA etc?
Thank you for the type of content u share Mike. I have improved a lot after learning from you and so many contents on youtube and have never taken a class. Hope to grow further and wish u the same.
Hi Michael, what timeframe do you trade in these videos?
hello Michael can you please make a video for the 2 legit pullback how can we identify clearly and how we can read it in the chart as like as you did it :D
Hey Michael, love your content! Do you use a prop firm when you trade or personal funds?
This is one of the best explanations of the videos you shared , I was looking to understand what's on your mind while trading And now I feel more confident about going into the market with that knowledge
What software and broker u use ?
Thank you Michael and best wishes to you!
Great and informative video.
Hi michael thanks for your good info i have gotten more conferdent watching your videos i am finaly taking the punt jd new-zealand 😊
@michaelchin why didnt you take a sell position on the pullback of the 7th candle
How is your chart setup?
Are these one minute or five minute candles?
Thanks for the video Mike. Nice job
Bro... your explanation is so good it's help me to improve my scalping strategies.
Thank you 😊 Brother
Lots of love and support from India ❤
Bhai iske teen step kya h muje Hindi me bta do reply me pls
@Michael Chin are you using a tick chart or a time chart for these trades? If so, what resolution you using for these scalps?
2000 tick
Thanks for sharing your knowledge👍👍👌👌
man he makes it look so easy. one day i can only dream of being that good. GJ michael
I began investing at the age of 34, primarily utilizing my hard work and dedication. Now at the age of 42, I am delighted to share that my passive income exceeded $100k for the first time in a single month. This advice is truly valuable, so don't hesitate to take action. Remember, it's not about achieving wealth quickly, but rather about building wealth consistently and persistently.
you have very smart strategy, can i use this to trade cryptocurrency futures?
hallo which brocker use ?
Hi,if you think its going bearish,but it turns bullish or the othe opposite, and it drops really bad. Do you wait for it to come back or is it all your money gone? Im just seeing all the money digits going red,so its why I'm wondering if thats how people say they lose all.
What platform is this?
Hey brother nice knowledgeable video... Do you have something on Smart Money concept kindly tell...love from India brother ❤
which time frame brother...
Thanks for the great info!
Hey Mike happy to see you back on the market, I wanna follow up with you to start trading again I had bad experience in the past, so now on I wanna to take advantage and start trading again 🤞🏼
GREAT LEARNING VIDEO BRO., THANK YOU FOR SHARING YOUR KNOWLEDGE BRO.
great videos keep them coming thank you.
💪
Just wondering why you don't have Stop Loss in place, is there a reason why?
Very nice understanding bro❤
Hey Mike I’ve been using ur methods and it been working out great. I’ve mainly been trading in the after hours though, because it’s a lot more slower and easier. I feel like I panic during market hours a lot. I’m trading in market hours with only the sun account and my last trade went great with that. I’ll continue practicing and update you a month or two down the road again. If you have any other helpful advice please let me know.
Did you use any other RUclips channels
@@maxmorris4562 Yeah there's a lot of other good ones out there, I just use him for scalping which I think are very low stress type of trades......my most stressful ones are actually ones that I take through fibonacci and its a play for the long side.
Michael Chinn thank you so much for takeing time to show me these tips and tricks. Because you know in this business the highs are high but the lows are super low .So I take time and watch all your videos atleast once a day to keep me sharp on my skills I just want to say thank you
You’re back! Yes!!
man where have you been we miss you. good to see u again
How much do you trade with in videos where you are looking for 150 a trade?
Is that 1 m chart?
I began my investment journey at the age of 33, primarily through hard work and dedication. I am to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields
This is superb! Information, as a noob it gets quite to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?
Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $500k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently.
wow that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.
Do you mind sharing info on the adviser who assisted you? I’m 40 now and would love to grow my stock portfolio and plan my retirement.
Love ur videos
I have a paper trading account I set to 5k . Why is it that I can put in orders that exceed my account 5K amount but then if I lose the trade it only takes off the losing account? Why am I able to place an order that’s worth more than the paper trading account amount of time I’ve order?
Much appreciated if you can help. Just want understand the breakdown.
Is it Tradingview? The concept is called "Leverage". If I have 5k Equity and have 4x Leverage, I can trade worth 20k. P&L will be proportional to the volume traded with the 20k. The broker is lending you the extra money to trade.
What's Ur time frame?
thanks for the content excellent
Are you trading CFDs or Futures? Tia!!
Michael please make a chart video setup!?
Great explanation
So step 1 is reviewing the recent price action (last few hours, days, etc) but you don’t have any of them on your chart to look at? 🤔
Are you trading full time now or still working ?
were are you no new videos??? why ..thanks 🙏 brother you explain amazing 🙂🙃
@MichaelChin @MichaelChin What else you look when you are trading in another screen?…. Volume?.. NQ?…. Fang Stocks?…. Another time frame at the same time????
Why does Chin use the 2000 tick chart
From my understanding a tick chart allows us to see the movement better
2k tick chart mean each candle stick has 2k trades inside it. 2k total of buying or selling trades.
Bro you’re a legend. Hope yyou come back soon
good lesson tx
Sir i am from india...please make more videos on scalping...
Love from TTR ARMY💥💥💥❤️❤️
Retail players don't have stops so they sell, when it goes against them they add more to lower their average and finally they blow up. Those are the red candles fighting the trend.
can you tell me your broker name.....
Tick ? Min ? Ema ?
2000 tick chart with 21 ema
I want to know how to set an automated runner in ninja that has a break even as another contract’s take profit. Do you have a video showing that? Can anyone else point me in the right direction?
Iam have a hard time to find any good and low margin platform future trading
What happened to the 2 legged pullback strategy.
Want know+1
Isn't this the 2legged pull back strategy, tho?
More such vids please!
I am sorry that it is been a long time and we cannot bind you onto something which no longer exists. I have to inform that it is sad that another individual is handling the website now. Micheal is no more with us. Sadly we won't be able to disclose the further reason. May his Soul rest in peace. Hope you guys stay safe and God Bless. Kindly pray for his peace.
I'll watch this 435 times. Four Hundred and Thirtyfive!!
I want a live low margin platform to trade
your the man
एकदम झकास 🎉🎉🎉🎉🎉🎉🎉
i hope you make more videos
smart channel
Sir, please you can add Hindi subtitles in your videos for help us..
😀❤💐 Thanks!
Your last video was 3 years ago. What happened?
so sad ninja trader is not available for free demo account anymore. I want to train this!!
I am using Ninja Trader market replay to practice with a demo account
Let’s go Mikey
chin the breakout king
the trade rome army is hear🤟🤟
i like your video
remember this guy was sim trading 3years ago
so probably still doing the same
If he really was sim trading 3 years ago then he stuck to it and by now he is trading real account?
I just wish these traders just tell us the truth
Lol
👍
impressive that Mike only reads candles.
no tape reading.
The Bitcoin Express is a popular cryptocurrency trading platform With its user-friendly interface and advanced tools, profits are easily within grasp By keeping a close eye on market trends and leveraging its powerful algorithms Traders can ride the Bitcoin wave to profitable gains without missing a beat
he's active on TELEGRAMS with the name above
TheBitcoinExpressOfficial✅
that's his verified handle
30 fps and not in sync
The trade room
Yes bro