His Path to Millionaire Trader
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- Опубликовано: 25 янв 2025
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Scott Scoman has been trading for nearly 28 years. He began his journey as a stockbroker, later transitioning into full-time day trading. His brother-in-law drove a Porsche as a stockbroker piquing Scott's interest in the market. Who wouldn't want to drive a fancy car, right? Through his background, Scott was able to jumpstart his career with market knowledge under his belt. He walks through moments of success and loss, all of these moments serve as key learning experiences. You will not want to miss this video. Scott provides quality advice intending to inspire young traders!
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DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am just sharing my opinion with no guarantee of gains or losses on investments.
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This guy is really down to earth. He makes a lot of sense. No fancy terms or arrogance. I love him
So:
1) know yourself ( you have to go to 2 to do that) what you are good at or like.
2) get experience with different trade strategies
3) polish the trade strategy you picked
4) trade your strategy not your emotion
Scott is dropping some serious knowledge in this interview! "You don't want the game to be easier, you want to be better at the game." FACTS.
Yes he did, thx for watching!
It's always an honor to have you as a mentor. I have learned a lot from watching your videos, especially when it comes to making the right financial decisions. It has truly changed my life. Thank you for introducing me to Mrs , Michelle Barnett working with her has been the best decision.
It's great that you know Michelle Barnett, I have been trading with her platform for over eight months, earning over $18,950 by-weekly Her expertise has greatly benefited my financial journey.
oh you know her too? I thought I was the only one she has helped overcome fears and navigate the forest
Michelle Barnett is really different from every other Broker, with my little invested $2,500 I made returns of $9,500 within a few days.
Yes, she does and is very accessible with the username..........
@MichelBarnett
“I don’t trade my opinion, I trade setups.”
why have I never heard of this guy before…. He’s amazing.
I've been listening to your interviews for quite some time. For me, this is the one interview where you have someone who's mastered his craft, while doing so learned to remain humble and has so much to share with new traders. I was watching this on my TV, then I opened my laptop and started taking notes into my journal and playbook. Thank you!
I love it for so many reasons:
1) He didn't keep saying nonsense about how it's too much risk/everyone loses. So so sick of hearing this left right and center, that I don't even talk to new people at the moment - sick of people telling me I am going to lose money, without asking what I even do! I mean, all jobs have risk
2) I have a similar trajectory where I knew the terminology and followed how the market reacted to politics etc. for years, so it wasn't a huge leap. Not every trading story is a dramatic risk-taking adventure, like the media makes it sound like
3) He talks about it like a regular job
4) He has a theme of doing less. This was a huge one for me that made me profitably consistently. I was brainwashed to do more, always be active, but kept losing money in the afternoons when the market would basically freeze up on low volume many days. It's a constant struggle to do less. Make money and walk away. Don't then think "maybe I can make more" or "I want to do it again" or "it's so early, something else is bound to happen today!"
Great interview with a mean reversion stock trader. Some of what I liked: “I don’t trade my opinions, I trade set ups. … you have mental capital and financial capital and they’re equally important … it’s not what you make, it’s what you keep”
This gentleman shows that many years of “Productive Experience” is hard to beat.
Dang… that was epic. Loved “it’s not what you gain, it’s what you keep”
Feeling very disappointed. Lost more than $5000 on live trade, not realizing it would be different from demo trade where I was making money.
I'm glad to hear that you've found success with Kathy Baldwin's trading services. Remember to always exercise caution and do thorough research before investing. If you have any questions or need further assistance, feel free to ask.
My testimony confirms that Kathy Baldwin is trustworthy and the best choice I've ever seen.
want to improve my situation after being on the wrong side for too long. What's the most reliable medium to contact her for consultations?
It is the same dummy. You're just afraid......
It’s your phycology, work on that
Yes, I will be listening to this great interview a few more times, while taking notes. Best quote ever: "You don't want the game to be easier, you want to get better at the game." One of your best informative interviews. So impressed that you are always listening to your guest, and not just focused on your next question. Kudos's to both of you!
Everyone should listen to this interview 20x before going into tradings
Better than reading most books on trading
Well done!!
Thank you very much, Scott. One of the best trader / trading interviews I've ever watched (or read) anywhere. Many thanks too, Alex. Keep up your great work!
This is valuable beyond belief. For those who have traded a while and can understand the deeper concepts…. It always comes back to the same thing with these big time guys. Have YOUR setups and seek out those setups. Spend the time (hours and hours) learning about those setups and the nuances of those setups. Trust me, it will save you years and pain of trying to always learn something new.
Bro I'm sorry to all of your past guest's that I have watched you interview but this episode is by far the best one. Thanks you soooo much
I watch this inverview like 3 time already and this guy is spilling gold. Thanks
Scott, that was quality information. Thank you for sharing.
This guy really is authentic. I have been through everything that Scott mentioned before i became profitable and he breaks it down so well. *Anybody still learning should really really take notes from this* because THIS is exactly what you need to hear. This video is a complete gem to learning traders. You will want to bookmark this video.
He is such a great teacher. Practice one kick 10,000 times.
Scott is a master at trading and is beyond authentic, sensational interview by both parties. I'm honored to call him a great friend. As he is genuine in the trenches ,hes the same offline. The world and the community needs more people like him!!
Thank you buddy
where can i find more material from Scott? this was great!
yea where can i find him lol
He's spot on. Find an edge and execute it. No short cuts or holy grails that most noobs spend all their time searching for
I got more out of this interview than any interview I’ve seen. This
was a masterclass by a trader that is incredibly disciplined and articulate in explaining this thought process. Great interview!
The best part of the interview is between 9:00 to 15:00
If I can be trained by anyone, I would love to spend my time with Scottie. What a stud!!
Alex gets getting better and better with interviewing. Man's got talent for this
Best interview yet!!! Sorry i'm just watching this now........10 months after. But happy to acquire knowledge and education at any time!!!
“The best thing about the game, the best thing about the stock market is it’s really really hard. And when it’s really really hard NOT A LOT OF PEOPLE CAN DO IT. And that’s why the reward can be so big.
So you don’t want the game to easier, you want to be better at the game.”
That hit hard. I really needed to hear that.
Did you still think you needed to hear that?
"your job is to extract money from the market" we had this discussion. i see you out there Scott! we met in Fort Lauderdale and i was going into my 2nd yr in trading. and the more you trade the more you put hours the market humbles you. this now speaks more truth than anything. i know understand what i need to work on to get through each stage i learn. im still out here Scott doing my best everyday , hope to meet you another day so we could discuss more :)
I'm in Phase 2 and ...I can not imagine a better video than this one to run into. Scott... Like you bless Bollinger, I'm blessing you and the interviewer. Hopefully I can refer to you two one day in an interview :)
Good luck!
I have incurred so much losses trading on my own..I trade well on demo. But I think the real market is manipulated. Can anyone help me out or at least tell me what I'm doing wrong
I have incurred so much losses trading on my own..I trade well on demo. But I think the real market is manipulated. Can anyone help me out or at least tell me what I'm doing wrong
@@mariaruthmathew4452 trading in the financial market is very volatile and risky to trade that's the reason most investors trade with a professionals
@@mumeenyakub2246 Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade
@@shirleymartha9848 Then, how can someone get a professional manager that is trustworthy and legit they are hard to find this days
@@peggywendy2534 I think | heard that name before, I stumbled
upon one of her clients testimonies here some
Awesome interview! I'm almost a year into trading and found this guy very relatable, and feel encouraged by his anecdotes and advice.
7:02 this quote was 🔥🔥🔥🔥 as a Futures trader, I felt that
Wow! This is pure gold!!!
This is the 2nd interview B has done with him. Very good. Patience is key I've found decreasing my trade frequency is improving my gain ratio. I'm new 1yr in.
10000000% patience brotha, you got it.
*”Its not what you make, it’s what you keep!”*
The mindset of a lion or a hunter was a big highlight for me in this interview. The kind of patience you need in this game was very well articulated. There's a lot of gold in this interview and also this channel from all the other reviews. Will be watching this again.
It’s fantastic, yes. I’ve just learned to integrate patience, waiting for my set up, and not over trading.
Thanks! One of the very best interviews you've ever done. Scott is awesome and thanks for introducing me to him through your interview.
i love this guys style of trading, takes advantage of emotion.. He was describing me when I first started.. Id see hugely gapped up ticker and buy at the open on the popp, then just get rekt as it fell minutes later.. This is the guy on the other end shorting those pops and profiting off those inexperienced buyers like me at that time.
Something you see a lot with really successful traders who are in the game for such a long time. They are not only humble but also very willing to give something back to the newer traders to help them improve. Once I break through to the other side I hope I am also able give something back and provide such value to newer traders. Thanks for sharing this and thanks for all the knowledge. 🙏
Watched your latest video and then seen this one and when he said, "I don't care if I'm wrong or I'm right, I just don't want to lose that kind of money."... Really hit a cord with me that I think has still been causing me to hesitate. I think all this time I've have been telling myself I've scaled down but I'm still not taking trades that I should... Truthfully, I still need to scale back more. Not what I and I assume others want to accept because we do want to make money. But we're not going to make money at all, if we are to wound up in fear to execute. Or enter too late and miss the meat of the move, or worse, you hesitate so long to execute, it reverses on you.
Key 🔑 “You don’t have to be a smart person, you need to know how to execute your plan.” Executing your plan is “doing” something smart…. It’s a big difference.
Great video, trading come with a lot of benefits And I have just bought my first house through it. As a beginner I was scared of loosing my savings but I’m glad I took the bold step that is now favoring me.
Congratulations.
I will love to be your friend dear as well as sharing some i dears which you're benefiting.
Okay but is not luck, is all about having good investment plans most of all trading with a trust worthy expert.
Watching professional trading videos and most especially connecting with the right person the digital world is full of in unreal people I met some of them during my success journey. I felt same way when I started especially when you use demo account you might be winning but when you put in real money you start losing I understand and I pass through it all. I’m very happy I’m profitable now.
I can relate to all you said because I am facing similar thing right now. Congratulations I wish you more success.
Hey how good are your earnings I will like to get some insights into trading thank you.
The best RUclips channel for trading psychology! Keep it up B!
What a professional, in every sense of the word. Great interview. I can relate to a lot of the things that he is gone true as I faced some of them myself. This interview has given me a whole new look towards my Trading.. I could be that individual whose Life Changes who knows?
One of the best interviews of your channel. Keep up the great work, your channel is amazing!
I HAVE INCURRED SO MUCH LOSSES TRADING ON MY OWN...I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED... CAN ANYONE HELP ME OUT OR AT LEAST TELL ME WHAT I'M DOING WRONG ?
Same here, My portfolio has been going down the drain while I try trading,l just don't know what I do wrong
I strongly advise you against self trading, it's really dangerous and had brought so many investors down, you need someone with the knowledge and strategies, someone dedicated to the crypto currency market business, and I will strongly recommend expert, Mrs Karen Charles
@@Brokereugene Wow I'm just shock you mentioned and recommended Expert Mrs Karen Charles,I thought I'm the only trading with her
@@claraheena6176 You don't need to be shock because I'm also a huge beneficiary of expert Mrs Karen
I heard her strategies are really good
24:10 THIS is awesome confirmation... this is almost exactly the trade style that Ive adopted and LOVE for consistency on profits 👏😁
Yeah my man Scott loves this strategy.
You don't want the game to be easier, you want to be better at the game. Now this quote is going in my trading journal.
I need to watch this like 100 times. Thanks for making this man.
This episode was gold! Thank you so much for interviewing these amazing traders. Be the specialist is def the key takeaway for me.
What a beast interview. You’re doing awesome my bro!
This is super high quality. Thank you for sharing your wisdom!!!!! Unfortunately most folks approx. 97% will start to realy embrace and listen to this only after they hit rock bottom a min. once in their life...
"Somedays you know what do to right away because the set up is there, other days you have to let it develop" That's a hugeeee piece for me. Sometimes I'm right on and it seems too easy, then other days I expect it to be that way so I try to make that happen and it works against me. Need to develop that mentality of only trading when I'm seeing good set ups.
It's discipline. You gotta be a machine and let go of both the agony of defeat as well as the thrill of victory.
@@frankjones4357 Absolutely like a machine. I traded this way today and I could read the charts so much better. Calm confident just moving w/o bias. Taking the set ups that I like.
So good. I loved his comment about our job is to extract money from the market.
i really really enjoy wisdom word or sentence from Scott, please part 2, he is really good
20:58 Scott was talking about taking small winners will not save you from a big loss, it had nothing to do with confidence.
17:44 excellent question
Great Interview, gentlemen! Thank you!
This is why I like to trade with a lower win rate and higher risk to reward. I win consistency. And I have consistent losses as well. However my wins are consistently larger than my losses. Just what works for me.
Mission accomplished Scott... Thanks!
this video took a whole day to watch, so many gems! thank you
love tis first part.....headed to the 2nd interview. thank you for all the nuggets
This guy is very smart as someone who is becoming very good at trading everything he said is true. Screen time is the #1 thing you need. Do market replay lots and lots of it build conviction watch how price keeps repeating and you will grow 100x faster then the person who only watches every mourning. Practice Practice Practice I can say it enough.
I really liked this interview. The similarities between Scott and I are eerie.... 1st name, both started as stock brokers, both about the same age, and both traded a similar amount of time. Very cool guy - enjoyed it! The hunter analogy was on point!
Haha Scott I was literally thinking this when he mentioned that! Scott is a great name if you’re a trader 😂
"Start with a little bit of money, start with 20,000 dollars" 😂
Hey bro thank you for introducing me to cobra trading. It is a game changer for me
Amazing interview held, you did it again brotha! One of my favorites for sure.
This guy is a fountain of knowledge
Absolutely quality content!! Thanks for doing these types of videos!!
Scott "Manzo" of Scoman Trading. Great interview.
You have to see this amazing trader again straight to the point
this is awesome! the way he delivers his information shows how clear it is for him
Last 3 minutes are gold. Wow.
Great interview! I love the way you posture your questions to extract the real juice. Keep it up. Im loving the channel!!
The best video for day traders. Thank you
Absolute perfect interview 👌thank you
THIS IS WHAT WE NEED!!! MASTERS 30 YEARS TRADERS
Felt like this interview was specifically tailored to me for what I am going through at the moment.
And follow up you asked were the same ones I had in my head and was so happy you asked them. Awesome work!
Thx for watching Makai, I'm glad you liked it
This video is worth coming back to once in a while.
Really LOVED this Trader on the show. So much value, GOLD!
I really enjoyed this interview with Scott, the guy seems very authentic and gives precious tips to progress. This is gold thanks
@29:23 - @30:36 the gem
best video ever man learned so much from this interview thanks for what you do!
I met Scott last year at a meetup in Fort Lauderdale - Really cool guy and happy to see him here. Great interview!
20+ years of trading wisdom. Thanks for sharing man
Excellent interview and information. Thank you!
Thank you for sharing your knowledge man!
Please upload on your podcast. Will help to listen to rather than on RUclips. Thanks!
i might have to watch this once a week
I have watched most of your videos but this one taught me alot.
Thx for sharing this.
Thanks for the videos brotha- I look forward to being on the show one day
Thank you too man!
Listen Alex, i told you this on twitter and also repeat here for algo's sake. this is THE BEST interview so far. I love love love love down to earth "normal" traders. And also, you can totally relate to someone like Scott - i mean, the young Scott - the one still in learning process. Thanks for this , really!
Excellent interview - so many nuggets of wisdom here
He need to come back on the show really loved this interview straight to the point!
Yeah he is a great dude!
You don’t want the game to be easier you want to be better at the game
You ask really great questions 👍🏾
9:44 The difference between those that make is and those that don't is execution
What an eye opening interview! Goes directly to my library!