Day Trader Turned $3K into $1.67Million in 2 Years
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- Опубликовано: 1 июн 2024
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How to create a profitable trading system? Today, we are going to learn from Kris Verma, a highly profitable systematic day trader. Kris has been inspiring many traders through his sharing of his trading knowledge on Twitter. This day trader turned $3000 into $1.6 million in less than 2 years. I’m honored to have Kris on the Humbled Traders podcast show to teach his strategies. If you are serious about becoming a better trader, this is an episode that will answer your biggest trading concerns, such as:
- How to create a profitable trading system?
- How to become more consistent?
- How to improve your trade executions?
- Kris’ opinion on automated trading
- And how to overcome a losing streak.
#tradingstrategy #daytrading #tradingsystem #stockmarket #stocks #millionaire #humbledtraders #traderpodcast #livetrading #algotrading #priceaction #ict #smartmoney #tradingview
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What you can learn from this Humbled Traders Podcast:
- How to create a profitable trading system?
- How to become more consistent?
- How to improve your trade executions?
- Kris’ opinion on automated trading
- And how to overcome a losing streak.
Comment your questions down below!
Trade with me: bit.ly/yt20230928
How to improve your trade executions
Interessante il tuo video vorrei provare a mettere in pratica con WaveDancer, Inc., (NASDAQ: WAVD) ha annunciato oggi di aver ottenuto un contratto triennale da un grande integratore di sistemi per fornire supporto alla modernizzazione di un importante programma finanziario per una grande azienda statunitense. Cliente governativo (USG). La società prevede ricavi totali di 4 milioni di dollari nel corso del periodo di esecuzione del contratto.
WITH NO DOCUMENTATION TO SUPPORT HIS CLAIMS HIS STATEMENTS ARE FALSE.
For example, $1 Million In Ordinary Income, if you're single and earn $1 million in taxable income, you'll fall into the highest tax bracket, which is currently 37%. This means that you'll pay 37% in federal income taxes on the portion of your income that exceeds the threshold for the highest tax bracket. Not counting State taxation. Implausible statement to Turned $3K into $1.67Million in 2 Years. Taxes alone take almost half.
You're the only one believing her
WAVD I don't think it can lose forever, sooner or later it will return to adequate figures, if today it reverses course well it will return above the dollar in a flash
@@jarnix2
Its not systematic trading that gives you success, Its the discipline to stick to that system. I have hardest time staying consistent. Once I overcome I know the growth is unstoppable, its been about 4 years of expensive path for me but I haven't stopped.
So I mean not giving up get you here. Discipline just just part of trading, but not giving up is more important
For sure!
You are absolutely right. Success comes from disciplined execution of a system, not just having a system. Sticking to the system can be the most challenging part, but once that obstacle is overcome, the growth is unstoppable. I understand it's a long and expensive road, but your determination to not give up is admirable. Keep up the persistence and discipline and I'm sure you'll reap more success. I wish you all the best!
So you are losing still money after 4 years?
Success is very near :)
I loved this podcast!
I recognize myself in him, gamer and pragmatic ; and probably always will be a systematic trader.
I find price action, supports / resistances way too subjective and imprecise.
Did many excel backtests with combinations of indicators, and precise rules of entry, exit, stop losses, but I lack discipline and work to validate strategies (or a least one). Each strategy can be improved over time.
been away for a while. Nice to come back to some new content. Awesome podcast! Very good job.
"Scared money doesn't make money" that's hits me❤
I’m the best virtual portfolio trader. 😂 With real money, completely different story. 😂
Link :)
Embark on your trading journey with the finest AI course for beginners.
Follow the @
I put an order in with about a 70% profit gain. That is 70% of the previous move. Sometimes it will keep going and going, but if I have a buy at 2.20 and sell at 2.35. But it goes to 2.40 or 2.50 Well. I still made money.
Every situation is different. Sometimes it’s moving really fast or not.
These Trader Interviews are wonderful. I listen and take notes during each interview. There are some themes that run consistent: Back testing, trading a limited number of strategies, and setting HARD stop losses. No hopium!
Embark on your trading journey with the finest AI course for beginners.
Follow the @
be my gf please
This is motivating. Thank you for sharing this amount of information
Great interview!
This kind of inspired me to go into my systematic trading 100%. I had a bit of a drawdown but i know my system works over time, and i shouldn't be scared of deploying all of my trading capital here.
Love these episodes. Please continue!
I have something profitable to tell you because I know the wisest thought in everyone’s mind today is to invest in different income flows that do not depend on the government , especially with current economic crisis around the world. I guess you should utilize this great opportunity that I’m bringing to your door step
+1337
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Awesome content. Thank you
Right now, my biggest obstacle is to not let my emotions control me and my second biggest is to not force trades. I’m seeing improvements everywhere else. The secret is to keep going and never give up. Be aware of your weaknesses and turn them into strengths. It’s possible but only if you don’t quit.
Thanks, Great interview.
Very inspirational video H.T. Kris now seasoned pro gave concise detailed information on his trading methods and even a few bad bumps along the way. Big Thumbs UP ! Thank You
She's more as nik
Wouldn't call him a seasoned pro at all.
@@corail53 nikolas
As a gamer I don't think we trade better, but we can probably execute manual trades faster due to our long experience of eye hand coordination and we might also be better at spotting patterns.
Needed to hear this ty
Thank you for a great show👋
hard to truly gauge the consistency. alot of people made money since 2020 huge swings in the market. time will tell. great videos!!
Awesome job Shay asking all the right questions. Will you start adopting some of Kris’s strategies being more systematic over discretionary, love that he doesn’t need to prep for the day, and sleep in. What will you change if anything? Sizing on vol., stop loss on wider range, only shorting, no longs? I like both of your thought process and approach when comes to trading. I am trying to reduce my market tuition cost, learning as much as I can before starting trading. Thx
Just theoretical knowledge won't reduce your tuition costs. Trading actually teaches you the real taste of markets where your emotions are involved.
He seems so calm and relaxed. You can tell he was born to make bets and trade 😅
I love all these interviews of the pro-traders. helps so much!
Great educational video from pros! Thx!
Glad you enjoyed it!
Thank you both for the insides.
Our pleasure!
awesome interview
Good questions & concise answers! Best interview I’ve seen Kris do
🙌
I have something profitable to tell you because I know the wisest thought in everyone’s mind today is to invest in different income flows that do not depend on the government , especially with current economic crisis around the world. I guess you should utilize this great opportunity that I’m bringing to your door step
+1337
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Well, that was a very interesting video. Thanks for doing it. My biggest problem is setting the stop too tight. I am working on being braver ;-)
Learn a lot from this episodes
Fantastic interview!
Was definitely a fun conversation 🙏
2:30 Market tuition
4:30 Shorting parabolic moves
13:00 Volume
34:10 Pharmacist
36:40 Profitable in 2019
Yes, that's right.
A question: Can you recommend a good AI for trading?
The top AI trading tool is named
aicollegema
I located it via
Very good interview/discussion
Thanks for listening!
great show thank you Shay
Loved this video
I think they key takeaway is the necessity of conviction cuz I think a trade with conviction is one without emotional bias, especially if is rooted in statistical and/or empirical data.
Thank you Beautiful Shay and all that you do. I know have a new target in the next 2 years.
You are so welcome
Thank you for this video. For a year now I have been trying this one strategy... I started from 200 eur and now at 3700eur. I add some cash every month, but overall manage to pull 1% gain per week on the total balance. I know that if I am 1.5% per week i can get to the 100 k in 2 years. I thought i was crazy for thinking this but after this video i feel reinspired. I do strugle with the stress when i am aiming to each 1.5% and more. It is awesome to hear you guys talk about how u set up the trades. My question is.... Do you focus on amount of money u get per trade or is your brain recalculating it to percent of the trade?... I am somewhat stuck in how much per trade i should get so i end up having many small ones as i scale up my account. Somehow cannot get rid of this thinking... Lets say i had 10 shares and knew i need 10 eur win.... When i would scale up to 20 shares.... My brain paniced when seeing 10 eur and was closing it. So i end up having 2x 10 shares for better results... Would be cool to hear from experts
Thanks very much Madame for all the interesting ITW 🙏🏻
I wish you only good things ✨✨
Thanks Shay, your an inspiration ❤
Really really love The HT podcast. Thank you 🎉
More exciting podcasts in October!
I have something profitable to tell you because I know the wisest thought in everyone’s mind today is to invest in different income flows that do not depend on the government , especially with current economic crisis around the world. I guess you should utilize this great opportunity that I’m bringing to your door step
+1337
915
7620
That was awesome Shay ! As I've said: I don't trade stocks only futures but I enjoyed this. NEVER STOP LEARNING !
Ya never stop learning as you keep on living
Why only futures?
Great video
Outstanding!
His system does work. I've never seen it , but after trading top gainers for years or parabolic stock, I understand the variables he won't discuss, which im aware of. There are times to go bullish on parabolic stocks, like when there is several 100 percent runners on the day. And time to go short and switchgear, volume inflow rate is important , bit so are other factors like low float, short intrest history borrow rate avg volume. I dont prepare either, injust scalpe the hell of top gainers within volitility range . Also, scaling and watching out for manipulation play like Chinese or Isreal stocks . All I can say is , I'm at profit slowly daily over time when top gainers allow it and switch to large tech swing trades when needed. HKD was a manipulated play, Tpst was legit and became a printing machine after it fell 40 percent now it's sfd or Safe green. I love this game ..I use to play overwatch as a Top 200 and a grandmaster
Love it !!
Genial video, totalmente de acuerdo 🕺🏻
As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
Many Thanks to you both😊
Thanks for the content. You guys didn't talk about the cost of borrowing . Those expenses could eat up all the profits if he holds positions overnight. Any chance to add this information?
If you look at his broker statements on his website, it says he never held a postion overnight. Closed his trades everyday.
Good to see Kelly criterion been mentioned in this interview
The guy is crazy, I remember when I used to trade back in 2021 there was a phrase "Verma'd". It used to stand for somebody that blows up really bad. Came from one of his losses of over a million. To be fair, I don't know what kind of mental strength should you have to keep on going after such a thing. So, man, you've got my respect.
Great one
Back testing is the thing! Will be reviewing this one again (as well as the gap up/down video) to work out another set of back testing formulas. Currently trying to get into Schwab after TDA move. Thanks for these videos and constant information.
Donate for a Dream
Back testing can show you a lot of false information since market conditions are foward looking. You have to take it with a grain of salt and understand the conditions in which the market was in during the test. People have figured out how to make insane paper gains in back testing but as soon as they implement it for real it falls apart really quickly.
Great video with a lot of insight, thank you both
🙌
I have something profitable to tell you because I know the wisest thought in everyone’s mind today is to invest in different income flows that do not depend on the government , especially with current economic crisis around the world. I guess you should utilize this great opportunity that I’m bringing to your door step
+1337
915
7620
start back testing my strategy is the key and tune it for the best results thanks the hole team love U shay
This is a great video - but it would be great if you could do a video talking about how to trade an extensive bear market such as now when most stocks are falling…
🎉🎉🎉 all thanks nik
Wow this is extremely impressive.
Thanks for the great content Humbled Trader!! Love your podcast and your personality. Question for you and others who read these comments. When you daytrade the same stock multiple times per day or within 30 days, how do you avoid disallowed losses from the wash sale rule? Thanks for any feedback, everyone.
Hi Guys. Thanks for the video, It was excellent.... I trade a very similar mean reversion set up. I actually took UCAR in August that I noticed was in Kris list. My question to Kris would be how does he avoid or deal with haults. As with these extreemly volatile names this can happen and be extreemly distructive to your account. Thanks in advance.
Good stuff. Thank you.
I have something profitable to tell you because I know the wisest thought in everyone’s mind today is to invest in different income flows that do not depend on the government , especially with current economic crisis around the world. I guess you should utilize this great opportunity that I’m bringing to your door step
+1337
915
7620
What’s
Thanks for sharing
Thanks for watching!
I believe in the Humbled Trader. She is honest, factual and makes great lesson videos. I wish her heaven on earth.
Cheers thanks for watching
I have something profitable to tell you because I know the wisest thought in everyone’s mind today is to invest in different income flows that do not depend on the government , especially with current economic crisis around the world. I guess you should utilize this great opportunity that I’m bringing to your door step
337
915
7620 USA
What time frame better you used?
Awesome 👏
Damn I really like this guys approach, great interview
I have something profitable to tell you because I know the wisest thought in everyone’s mind today is to invest in different income flows that do not depend on the government , especially with current economic crisis around the world. I guess you should utilize this great opportunity that I’m bringing to your door step
+1337
915
7620
Whats
this is going to hit 1M+ views for sure!
Cheers thanks for watching
I have something profitable to tell you because I know the wisest thought in everyone’s mind today is to invest in different income flows that do not depend on the government , especially with current economic crisis around the world. I guess you should utilize this great opportunity that I’m bringing to your door step
+1337
915
7620
Before I have ever became a profitable trader... I used to flip items on Runescape Grand Exchange and World of Warcraft Auction house. I actually used to sell the gold for real money, this was my first ever trading experience.
He said “We” a lot. He didn’t mention his team a lot but I can tell he has one.
People generally use "we" when they want to stay humble, he probably trade alone or share his ideas with others.
I made $5 from a $1 scratch off...WINNING
congrats lol
Now repeat that over a series of scratch offs.
I got two numbers and the powerball number once! 3 little ping pong balls away from $1 billion. They gave me 8$.
Haha starting line.. 'i read on twitter your successful' 😂.. Love the journalism! We trust in twitter 🎉
The cannabis etf, MSOS is trading like clockwork for the last month--up until midday and then back down again
I like the soundtrack. It’s like an 80’s action movie or something
His system sounds very complicated due to the back testing and mathematics applied. I prefer depending on Japanese candlesticks along with classical tech analysis and one or two indicators. Trade the trends, whether up or down. Once you know the probabilities of candle set ups, back testing is not necessary. For instance, a one bar reversal in up or downtrends produces 95 percent wins....A double shooting star produces at least 90 percent wins if they materialize after a tired trend...OS. OB
I didn't realize how good looking Kris Verma is.
dec 13th , the stock shot right up for hours into the next morning. I know someone who got very emotional and lost quite a bit hoping it would come back down. do you know what happened ? oddly from 8pm at night it just went right up!
Thank you!
You're welcome!
The perfect strategy will work for all targets at all times. I believe he is not a novice, but a confused veteran.
And how are his strats working for him this year. We had 3 years of unprecedented marketed conditions. The thing with systematic trading is it works until it doesn't and when it doesn't it has big draw-downs if your risk management is not 100% on point. It is extremely easy to fall into the trap that thinking if something is working it will continue to work.
Good comment lol
Especially if he lets the stock run up to 20-30% against him.
Still working very well just less tickers per day instead of 10-30 it's 2-10
To me the only true systematic trades are the ones executed by computer algorithms. If you can't defined your strategy in terms of programmable rules then its essentially discretionary. What he is describing here is a mean reversion strategy. From
18:35 main criteria is short if price goes up by >=+30%, Is that cumulative over a certain period or +30% in one time frame?
bet size using kelly critereon, trailing stop etc However, from about 19:11 - 20:08 he starts talking about some aspects of the system that sounds discretionary. This is then a semi automatic system. He turned £3k to $1.3m. But imho if you try to copy him you probably will lose money.
Ijust thinking can i use the same strategy to or big cap stocks and change some critiria 🤔
I have something profitable to tell you because I know the wisest thought in everyone’s mind today is to invest in different income flows that do not depend on the government , especially with current economic crisis around the world. I guess you should utilize this great opportunity that I’m bringing to your door step
+1337
915
7620
What’s
I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point
Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge
I've been able to scale from $50K to $189k in this red season because my Financial Advisor figured out Defensive strategies which help portfolios be less vulnerable to market downturns.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
My advisor is .Viviana Marisa Coelho. You can easily look her up, she has years of financiaI markett experience.
Honestly to profit hugely in the market depends on your risk:reward ratio. Do not fall victim to FOMO. Seasoned traders take heavy losses daily and most of those wins are break/even gains. P+Ls tell it all.
The best strategy any novice investor can have is to contribute monthly to a purse (account) and focus on compound growth.
As you develop a good size (totally relative to the individual & their trading objectives) you can decide on where to begin.
Most traders that profit hugely risk a ton of capital per trade and are willing to lose more than what they could possibly gain. This is strongly advised not to do when starting out.
Best strategy when starting out is to:
1. Consult with an adviser that can assess your goals and objectives
2. Have a FA design a trading strategy for you (either by acting as a discretional or limited trader on your behalf)
3. Educate yourself on industries. Select an industry you have deep knowledge in and focus on companies in that selected segment.
Hope this helps!
Regarding Kelly Criterion: Since everyone has an account of a certain size, and there are data that show the probable outcomes of a certain strategy, how DO people decide how much money to place on a given trade? In other words: how does someone even make their very first informed trade WITHOUT such a bet-sizing strategy? What do they do just 'wing it'??
Exaclty the same setup I am developing (systematic parabolic reversals). I have way less experience, so it is still a work in progress, am profitable though since april (barely).
💪
I have something profitable to tell you because I know the wisest thought in everyone’s mind today is to invest in different income flows that do not depend on the government , especially with current economic crisis around the world. I guess you should utilize this great opportunity that I’m bringing to your door step
+1337
915
7620
After watch his experience losing on trading mine is nothing I thought I'm the only one 😅😅😅thanks for the video I wish I will be successful trader ❤❤
I've noticed that the best traders have a very calm and relaxed voice and demeanor. Coincidence? Perhaps not. 💰
right. im going to enroll in voice lessons this week to become successful
I have something profitable to tell you because I know the wisest thought in everyone’s mind today is to invest in different income flows that do not depend on the government , especially with current economic crisis around the world. I guess you should utilize this great opportunity that I’m bringing to your door step
+1337
915
7620
I love you Shay .. you are the best
Yeah but kinda weird they show screenshots of trading platforms but then when they show cumulative PL it looks like a homemade powerpoint slide.
Thank you
could you plz advise me how can i learn day treading?
When im whatching your videos, i see that many traders dont do much trades, as for Our Ai System we really focus on large date samples and valid live testing.. :) So in my oppinion doing not many trades a month or a year will result in that dissbeleive how long the pattern will last and how much time i have to figure out new patterns. And for how long i could trust them..
*Wow, it's crazy how some people can become multimillionaires by investing just $10K in trading within a few months, while others have to work for 40 years to reach $1M in retirement savings. The power of smart investing, right?*
The thing about being successful is working towards it smartly and not just talking about it
I've been trying to trade but I keep making losses and it's frustrating
I have been seeing so many recommendations about VICTORIA K
WALTER, she must be really good
who is this Victoria Walter
Anyone ??
She is an exceptional financial analyst,
her services are reliable and transparent and apart from myself, I have never seen any of her customers complaining about loosing their money.
Its interesting that he was unprofitable until the "Covid run", it makes you wonder how sustainable his strategy is.
You are
the best Humble trader !!!!!
good timing in to the marker is very important. if anyone bought meta or Nvidia back Oct 2022, now it is worth 3 times
There's no reason to doubt, but do you ever check the credentials and accounts of your guests?
yes we do in depth research and prep work. also i've followed Kris for a long time as well
Wow this is one of the million traders who succeed reach 1M from less then 10k!
How can we iNVEST?
Thanks
24:34 if you trade and plan strategies you are a gamer , trading apps now in days are just like video games😉
I'm a bit skeptical.
@0:44
Looks like a streak of one year stalled for the next 9 months, and then the chart stops (despite there being about two years of data between that chart and this podcast's publication), which also makes me question the start date as well.
Is this pure unadulterated 'phantom back-testing' or real-time trading?
Also, maybe 'the system' worked under a unique set of market conditions (which just happened to coincide with the COVID crash, and a HUGE market run-up). But the real question is 'does it work now?'
Ofc it doesn't work
Impressive…and almost believable.
I noticed how they would hold back info even those who sells courses 😂 learning on your own way to go!
yeah they talk for hours and always say very general stuff