The Most Consistent Trading Strategy ft. Bao (30-Year Trading Veteran)

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  • Опубликовано: 30 окт 2024

Комментарии • 298

  • @HumbledTraderOfficial
    @HumbledTraderOfficial  7 месяцев назад +26

    What is you opinion on how the market makers' algorithms are changing our edge as retail traders? Let me know👇
    Day Trading with Humbled Trader: bit.ly/yt20240321
    Sign up for Free stock watchlist: www.humbledtrader.com/free

    • @kimbryiellimbaga977
      @kimbryiellimbaga977 7 месяцев назад

      madam can you please list the broker that can limit our loss in a daily or weekly basis please thank you!

    • @christophermoore8937
      @christophermoore8937 7 месяцев назад +2

      It all boils down to personal belief. I for one trade using SMC, so I am a firm believer in algos.

    • @emblem2425
      @emblem2425 6 месяцев назад

      I like algos for their rithm. The "rithm" (rhythm) is where I find my edge.

    • @doda74
      @doda74 6 месяцев назад

      I noticed that the algorithms clearly have improved over the years to reduce our edges and improve their profits. Prior to 2019, trading was so easy for me it was like taking candy from a baby. Now I have to be much better in my strategies, timing, and money management.

    • @LYQUIDSKY5000
      @LYQUIDSKY5000 2 месяца назад

      just short it to take profits

  • @KristinPMosher
    @KristinPMosher 6 месяцев назад +1595

    Becoming a good trader takes time and patience. When i first got into trading i was liquidated twice, and lost my entire mortgage deposit. I could have given up, but decided to learn how to trade and put it into practice. 4 years later and i am glad i made that decision.

    • @ThomasChai05
      @ThomasChai05 6 месяцев назад +5

      My portfolio has good companies, however it has been stalling since last year. I have approximately $200k stagnant in my reserve that needs growth.

    • @mariaguerrero08
      @mariaguerrero08 6 месяцев назад +4

      That’s why I make it a point to speak with a financial advisor before choosing any investments. I’ve been using one since the pandemic, using profits oriented tactics and minimizing risks as a buffer against inevitable downtrends. In addition they have access to insider knowledge and analysis, making failure virtually impossible for them. I’ve made about millions working with my advisor for over three years now.

    • @mikegarvey17
      @mikegarvey17 6 месяцев назад +4

      @@mariaguerrero08Mind if I ask you to recommend this particular coach you using their service?

    • @mariaguerrero08
      @mariaguerrero08 6 месяцев назад +3

      'Izella Annette Anderson' maintains an online presence. Just make a simple search for her name online.

    • @91ScottieP
      @91ScottieP 6 месяцев назад +3

      Her website appeared right away, You've saved me several hours of research, I appreciate it.

  • @alphabeta8403
    @alphabeta8403 7 месяцев назад +73

    2:30 Modern Rock
    9:20 20 years of trading
    15:30 Spoofing
    20:00 1.4M trade
    25:00 Market makers; algos
    34:00 Smaller size, wider range
    36:30 Engineering background; first trade in 1996
    39:10 *Bao’s edge-nail and bail*
    44:00 Day trading; market tuition
    47:00 Keeping the money is hard
    49:30 Trading is a mentored game
    56:50 Constantly adapting edge
    1:02:30 Investing in other people; be real
    1:05:50 You have to have the right personality
    1:07:05 Price of freedom

  • @MyInvestingClub
    @MyInvestingClub 7 месяцев назад +106

    Thanks for having me on!
    -Bao

    • @HumbledTraderOfficial
      @HumbledTraderOfficial  7 месяцев назад +6

      thanks for participating Bao :)

    • @Fari-100
      @Fari-100 7 месяцев назад +4

      You're a wild dude, Bao 😅 but I love it! 👍🏽 learned plenty from this 🙏🏽

    • @mosasadoon6726
      @mosasadoon6726 7 месяцев назад +2

      Great guy loved him

    • @mannyk291
      @mannyk291 7 месяцев назад +1

      Excellent interview ……. really liked it !

    • @danielschun87
      @danielschun87 7 месяцев назад

      🔥🔥🔥🔥🔥

  • @DougSmileyVirgo
    @DougSmileyVirgo 7 месяцев назад +18

    My takeaways: find your edge, do hours upon hours of research and back testing, scale up your trades as you gain more confidence in your edge. 🙏

  • @glennglazier4046
    @glennglazier4046 6 месяцев назад +3

    Bao & Alex are living Legends! Thank you for your brilliant insight and sharing of knowledge.

  • @AC313_
    @AC313_ 6 месяцев назад +3

    This guy has ENERGY !

  • @modernrock4358
    @modernrock4358 7 месяцев назад +150

    Thanks for having me on Shay! I didn't want to get into details specific trading strategies because you can find that on my twitter and youtube and other places i teach. I didn't want to spend the interview selling myself but instead give fun stories of trading that not many know about. I didn't want to bore anyone with the details of trading education but rather keep the conversation fun. If you guys want specifics i am willing for a follow up interview. List your questions i can answer them on Twitter or on youtube ! Good luck on your journey everyone!

    • @charliet9176
      @charliet9176 7 месяцев назад +3

      Bao you're the man gee!!! S/O from Australia bro! Enjoyed this very much and appreciate you sharing all your exciting trading stories with us.

    • @turbostar101
      @turbostar101 7 месяцев назад +2

      Bao you were very honest in this interview - treat trading as a hobby or a business. You were also very real about the cost personally. Very important for people to hear these comments.

    • @warmwestwind
      @warmwestwind 6 месяцев назад

      Enjoying your Rick Astley playlist, sir. I think at this point, it would take me years just to consume enough freely available content to assemble the necessary context for a wise question.

    • @CRpatriot
      @CRpatriot 6 месяцев назад +1

      Your time was very much appreciated learned so much to listen to stories. They really help. Thank you Shay for having him Bao on. 🙏🙏🙏🤩🤩🤩🤩🤩

    • @ForexToProfits
      @ForexToProfits 6 месяцев назад

      Bao 💯💪👍

  • @RudeBwoii
    @RudeBwoii 7 месяцев назад +20

    This guy is pretty chill and very generous with his hard-earned information, also very funny. Mad respect!
    Also, dang he looks young! Graduated Uni in 96??? That's almost 30 years ago... I was right around starting primary school at that time...

    • @HumbledTraderOfficial
      @HumbledTraderOfficial  7 месяцев назад +5

      Me too 😅

    • @facedust07
      @facedust07 7 месяцев назад

      i was even a vegetable during that time , like a mineral that my dad hasnt eaten yet and eventually became a sperm @@HumbledTraderOfficial

  • @TheBlueskyson
    @TheBlueskyson 7 месяцев назад +2

    Bao's one of the only retail traders who serves it up to the big boys. They all know him, but he's nobodys fool. Some interesting insights into algo's and small account size under the radar trading. ty 4 interview.

  • @skippydippy8306
    @skippydippy8306 7 месяцев назад +2

    What an interview! You’ve always been one of my absolute favorites traders. Now I have another favorite! Thank you for your time and energy. This was highly insightful

  • @richhands5269
    @richhands5269 7 месяцев назад +13

    My three favorite channels: Humbled Trader, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥

  • @estr_95
    @estr_95 7 месяцев назад +6

    such a genuine and engaging conversation to listen to! i really enjoyed this podcast episode. there's always something to learn! and ideas to look out for, study and backtest. very intriguing to hear the stories of Bao's first hand experience around market makers, algos, and stock selection throughout the years 🔥

  • @mikeg329
    @mikeg329 7 месяцев назад +6

    This is such a great interview.

  • @Namlange70
    @Namlange70 7 месяцев назад +5

    Great to hear from the legend. Thanks

  • @smallcaps1752
    @smallcaps1752 7 месяцев назад +8

    What I got out of this video is don't tell anyone your strategy, because an algorithm will eventually figure it out and crush you. You are best to hide out in your trading room make your money will you can . Then be prepared to come up with a new edge.

    • @chriskabanda2167
      @chriskabanda2167 6 месяцев назад

      Ict will never change how it works. Depends on the trading method.

  • @Zeno181011
    @Zeno181011 19 дней назад

    Thank you for this video. I just started day trading and this video was inspirational, humble and also realistic. Thank you for the insights modern rock.

  • @LongTu167
    @LongTu167 7 месяцев назад +5

    Many thanks Shay and Bao for the amazing video!!! :)

  • @taiholiman961
    @taiholiman961 7 месяцев назад +7

    LOVE THIS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

  • @david_a_uno
    @david_a_uno 7 месяцев назад +1

    You do such excellent segments and interviews, and always bring out very useful information. Your channel is one of my favorites and I'm sincerely grateful for your hard work and your generous sharing. 🙏

  • @justinberns4403
    @justinberns4403 6 месяцев назад +1

    I did this with RENT on Thursday. I took at 30% and I could've made 100% but the future can't be predicted and 30% in 20 minutes still had me smiling all day.

  • @ayoubAyoub-pw6rt
    @ayoubAyoub-pw6rt 7 месяцев назад +6

    My favorite channel Humbled trader thank you

  • @math0110
    @math0110 7 месяцев назад +2

    This goes right into my top 3 podcast ever 👏👏👏

  • @tradingarsenal9767
    @tradingarsenal9767 Месяц назад

    Bao back at it again w/the WISDOM!!!

  • @87106utube
    @87106utube 7 месяцев назад +5

    Thank you for sharing. Bao’s experience and wisdom are gems!

  • @davedave4232
    @davedave4232 7 месяцев назад +3

    I ❤ your podcast... Nice to meet u ModernRock 😂

  • @Vlong-w2k
    @Vlong-w2k 7 месяцев назад +1

    Very eye-opening for this fledgling trader. Insight into the history and evolution of anything is a vital comfort/confidence/control boost.

  • @kentwist8533
    @kentwist8533 7 месяцев назад

    " Investing in people is the best thing you can do in life" Wow! Greatest wisdom of al . Thank you Shay, and Bao for all you do for this community and many others. Amazing content and and amazing video!

  • @LifestyleTradr
    @LifestyleTradr 7 месяцев назад +3

    I learned so much from this video, the stories Bao has are invaluable

  • @gregoryalexandr9373
    @gregoryalexandr9373 7 месяцев назад +1

    I did same, mortgage my home .. lol.
    All is good, did many times, cash crunch during period of high probability..the numbers/data supported risk monster in me.
    Thank you for postinggreat interview, appreciate all.
    Happy And Safe week ahead.

  • @russellbr8k
    @russellbr8k 7 месяцев назад +2

    Great convo! Always a pleasure listening to Bao speak.

  • @Marketman85
    @Marketman85 7 месяцев назад +1

    He is all over the place

  • @jimijumjum86
    @jimijumjum86 3 месяца назад +1

    Watched many of your videos, just noticed you were glowing in this video, not sure if it was the lighting or light makeup 😋

  • @waynefilkins8394
    @waynefilkins8394 Месяц назад

    RUclips did really well recommending this to me today. I came up with a strategy and been paper trading it successfully for a couple of weeks, but once I really cracked down on my rules to prepare for a prop firm evaluation next week I found myself breaking them constantly. I came out decent for the day, but looked back at the chart and had I just followed my rules I would have made 4x as much. It's so difficult in the moment though to follow them.

  • @jameskeeler6321
    @jameskeeler6321 6 месяцев назад +1

    You had a grand master as a guest? Thank you for the insights!

  • @otracosa7587
    @otracosa7587 7 месяцев назад +5

    The guy is fun to listen to and humbled looks prettier than ever!

  • @markeldorf1467
    @markeldorf1467 7 месяцев назад

    Great, great interview. Tapped on to the real philosophy/psychology involved with trading.👍👍👍👍

  • @fcora
    @fcora Месяц назад

    Gosh such down to earth nice videos, thanks Shay and Bao!

  • @remickn
    @remickn 7 месяцев назад +7

    Shay, with your podcasts you became a truly "Jack Schwager of 21st century" with your own Market Wizards. Keep doing great job, love your videos!

  • @moneyaintathing817
    @moneyaintathing817 6 месяцев назад

    What a knowledgeable confident trader. Thank you for this video. And I see you represent the hard-working average Joe 💪 . And teach your kids to trade after they get a degree.

  • @paulo5888
    @paulo5888 7 месяцев назад +2

    Very interested interview going indeept details how this market actually work. Never hard of before

  • @Superflow66
    @Superflow66 7 месяцев назад +1

    I learned a lot in this video thank you guys 🙏🏼

  • @PM-od7bk
    @PM-od7bk 7 месяцев назад

    Hope Bao finds the way to be enjoying life while making a habit of trading less while enjoying life. appreciate his HONESTY awesome Shae

  • @joestewart9833
    @joestewart9833 7 месяцев назад +1

    Great interview!

  • @mikeb5954
    @mikeb5954 7 месяцев назад +2

    the ducks in the pool during the podcast 😅 - quite right about having Objectives !

  • @bibbidi_bobbidi_bacons
    @bibbidi_bobbidi_bacons 7 месяцев назад

    Thank you

  • @extreme4x4
    @extreme4x4 7 месяцев назад +1

    Fantastic, thank you!

  • @brianrimlinger387
    @brianrimlinger387 5 месяцев назад

    Most kids probably haven't bothered to watch 'Wall Street' yet. You think Gordon Gecko was making stock orders on the phone for "and one-eighth, three-eighths tops" for the hell of it. I always love Bao's stories. I was a student of his for two years and now I have learned that he has stolen my idea to move to Asia. West coast time sucks as a trader. Could you tell me which country? I lived in Japan for five years as a kid. I was thinking Thailand this time. Great interview.

  • @mosasadoon6726
    @mosasadoon6726 7 месяцев назад +2

    Great interview love the guy

  • @thomasdrake6273
    @thomasdrake6273 7 месяцев назад +1

    Good guy!

  • @SF-fb6lv
    @SF-fb6lv 2 месяца назад

    Yep, I was there in the very early 2000's with Schwab's 'Velocity' platform and DSL. The commissions were $14.95 I think, each way. I was trading $15,000+ size on my FIRST day day trading. Spectacularly successful, but I was too scared to continue for a long time...

  • @jiaoyizhidao
    @jiaoyizhidao 7 месяцев назад +3

    Please interview Qullamaggie

  • @jq9341
    @jq9341 7 месяцев назад +1

    Good vid. I grad'd college in 92.Been trading successfully since 98. Now putting my 24 yr old fiance through college. Life is good. ;)

  • @MS-oz2wu
    @MS-oz2wu Месяц назад

    On creating accounts, does one use different brokers or the same one by creating more accounts with the same broker? Thx 4 the vid

  • @JK-vb6ju
    @JK-vb6ju 7 месяцев назад +4

    Smalller size wider range is key

  • @NIO777
    @NIO777 7 месяцев назад

    Hi Humbled Trader.. Get in that pool. looks great! relax and enjoy the sunshine .. it's snowing back here in Ontario and places west. But it's not raining Lambos.

  • @messicanelo1295
    @messicanelo1295 7 месяцев назад

    Great, great interview ❤❤

  • @Angry_Bob
    @Angry_Bob 6 месяцев назад

    It’s funny he mentioned APM because I had a $1.82 price target set to the downside from 2022. Never looked at it again till he mentioned it.

  • @zwriter3658
    @zwriter3658 7 месяцев назад +1

    Bao is one excited fellow

  • @nicholasdwyer9820
    @nicholasdwyer9820 5 месяцев назад

    I was in this trade. They did this multiple times on FNMA for like a week or two. It went from like 0.87 to 1.25 to 2.5 each day and then tanked back down. I made a lot of money percentage wise, then lost about 40% of the profit by not getting out early the second day I tried it. It was literally like clockwork. The same time, everyday. Had to be like 2011-2012. I think it was summer or something. At first I thought it was because Fannie and Freddie was able to pay the government back sooner than expected for the housing market crash restructuring.
    I still have FNMA on my watchlist to this day lol. Just in case it happens again.

  • @Jasonv8z
    @Jasonv8z 6 месяцев назад

    Great Interview. I disagree with Bao on making just as much money as an engineer in a tech company. Sure it could happen, but you're just as likely to hit on a 100x stock as watch your company's stock options go up by 100x.

  • @joeb007
    @joeb007 7 месяцев назад +1

    Do you have a monthly live trading membership where I can follow along your trades in real time?

  • @johnm20021973
    @johnm20021973 7 месяцев назад +1

    GREAT STUFF!

  • @Neonflux138
    @Neonflux138 3 месяца назад

    Love this guy! He reminds me of Quentin Tarantino :)

  • @islandguy9380
    @islandguy9380 7 месяцев назад

    Awesome 💯😎 thank you ☺️

  • @konagalarakesh4398
    @konagalarakesh4398 7 месяцев назад +1

    Very useful information

  • @kurts6741
    @kurts6741 7 месяцев назад +1

    Trading fractions and high commissions made trading much more difficult than now.

    • @paulnyagini
      @paulnyagini 7 месяцев назад

      I cannot see any difference.
      Back then when commissions were higher the volatility was higher as well.
      To day volatility is lower which makes commission to be even lower.
      Leverage is the one that put as at same spot.
      To answer you.........
      Trading today is actually difficult than back then because the level of efficiency is super great is almost impossible to find an alpha.

  • @buckzee289
    @buckzee289 6 месяцев назад

    I love this guy!!!!

  • @warmwestwind
    @warmwestwind 6 месяцев назад

    'Nail and Bail' 📝🗝

    • @warmwestwind
      @warmwestwind 6 месяцев назад

      Smaller size, wider range. 📝

  • @cafecomtrader
    @cafecomtrader 7 месяцев назад

    Brasil
    Parabéns pelo trabalho.

  • @yerku_gyx
    @yerku_gyx 7 месяцев назад

    Why trade or hold when you can start using Eledator? Copy trading make it easier

  • @tsf3352
    @tsf3352 7 месяцев назад +3

    I was , I am aaaaa, ooooooo, eeeeee, I, I, I, aaaaaa , ooooo, uuuuuu. Dude it it it it it it, so so so so so
    He is a hell of communicator. 😂

  • @jaytechpinoychannel
    @jaytechpinoychannel 7 месяцев назад

    ganda ng usapan more power

  • @elliotdelacruz390
    @elliotdelacruz390 7 месяцев назад +2

    He is the most chaotic trader

    • @NerfGuy48
      @NerfGuy48 6 месяцев назад

      That’s OG trader, chaos is alpha.

  • @genet8069
    @genet8069 7 месяцев назад +2

    Why are you interviewing known scammers?

  • @escapeoasis
    @escapeoasis 5 месяцев назад

    Love it

  • @vipulmakani3059
    @vipulmakani3059 7 месяцев назад

    There is nothing to learn from trading. You only learn experience and that’s what he is sharing.

  • @powerfulldavinciinvestment3367
    @powerfulldavinciinvestment3367 6 месяцев назад +1

    Insightfull

  • @donkaewkavin3885
    @donkaewkavin3885 6 месяцев назад

    So true about loosing trade

  • @NRVE8
    @NRVE8 7 месяцев назад

    I don’t understand the spoofing??? How do you hide shares?

  • @willnone9977
    @willnone9977 7 месяцев назад

    so whats the consistent strategy!? did i miss it?

  • @shahrukhkhan-ek5hu
    @shahrukhkhan-ek5hu 7 месяцев назад

    Get al brooks or lace beggs or atanas matov

  • @jg465
    @jg465 7 месяцев назад +1

    I don't know who finds these "podcast" / interviews helpful. Its usually just a bunch of people who like to talk about themselves. Nothing in this interview is actually helpful in becoming a successful trader. Trading requires mastering a skill and developing mental discipline. To master a skill you need a framework that you can practice over and over. Mental Discipline comes from habits (repeating a process over and over). The process should be straight forward.
    1) Study Market Structure
    2) Master Entry Model (inc., risk & reward)
    3) Backtest
    4) Document Data
    5) Journal
    6) Rinse and Repeat

  • @madhumithat9690
    @madhumithat9690 7 месяцев назад

    What trading app do you use ??

  • @yaninapineda10
    @yaninapineda10 7 месяцев назад +1

    😂 Bao!!! Your story time Yoo!!! 💯💯💯 newbies don’t know that 😂

  • @filmorgadi4351
    @filmorgadi4351 7 месяцев назад

    so , setting stops is not always good, you show your cards, and they use them against you. better to put not true stops and in different sizes. But who has the time when velocity is required???

  • @ruggiero541
    @ruggiero541 6 месяцев назад

    I pull this crap all the time.... recently went on a 20 day run of green days.... then had a red day last week that i held on like an idiot and lost 8100. wiping out just about all of the 20 green days. did it hurt my account? no.... did it hurt my ego? yeah, took 2 days off to wind down.

  • @andrewereynolds5840
    @andrewereynolds5840 6 месяцев назад

    💎 Ares Capital (ARCC) 💎

  • @CodElevator
    @CodElevator 7 месяцев назад

    Ken Block can U-turn a car going 100mph lol
    But yeah, i agree with him talking about the top, I see it too and that's usually where i get out.
    Speed and distance is key

  • @Float_Locker
    @Float_Locker 7 месяцев назад +4

    I traded with Bao back in the day in Investors Underground and I remember the day he nailed FNMA. Pretty wild day back then.
    Today? That would have been a normal small cap move 🤣

    • @modernrock4358
      @modernrock4358 7 месяцев назад +1

      Heyyyyyyyyyyyyyy Buddy! i remember ! Hope all is well bud !!

    • @Float_Locker
      @Float_Locker 7 месяцев назад

      @@modernrock4358 Good interview, especially for those of us that were in the trenches back then. New traders are like a deer in headlights as we can see in the comments 🤣

  • @JK-vb6ju
    @JK-vb6ju 7 месяцев назад

    Vietnamese successful trader luv it

  • @jcs5449
    @jcs5449 7 месяцев назад

    What are zombie hrs ? New to the world of trading

  • @JoseMendozaLifeLearner
    @JoseMendozaLifeLearner 6 месяцев назад

    Algorythms are "scripts" written into teh program by programers and or users, depending on how teh program's code is written. These scripts are written to RESPOND to teh market. Who affects teh market ? The whales !! If I make a trade of a million dollars and you make a trade of 100 dollars, who do you think is going to trigger teh "script" into action ? It is still the whales that affect teh market. It is also true that if you trade a million dollars, and a million people trade 10 dollars on teh same trade, teh million people will trigger teh script.
    There is no ",manipulation script"; it is just a responsive script, that projects possibilities to teh users

  • @petermitchell4523
    @petermitchell4523 7 месяцев назад

    How can I follow this guy?

  • @DwayneKCC
    @DwayneKCC 7 месяцев назад

    Do an interview with bernd skorupinski next?

  • @j.f.almeida9081
    @j.f.almeida9081 7 месяцев назад

    Buy and hold. Don't trade.

  • @nomad7653
    @nomad7653 7 месяцев назад

    I actually do pretty good trading small size 4-6am.

  • @jovianbug
    @jovianbug 6 месяцев назад

    Please Uncle Bao, adopt me! The market is bullying me this week

  • @nehavist6091
    @nehavist6091 7 месяцев назад

    You from Thailand?

  • @dudleyanderson7718
    @dudleyanderson7718 6 месяцев назад +1

    I thought wash trade was illegal.