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
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.
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.
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.
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
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!
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.
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.
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...
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.
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
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 🔥
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.
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.
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. 🙏
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.
" 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!
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.
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.
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.
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.
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...
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.
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.
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.
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.
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
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???
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.
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
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 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 🤣
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
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
madam can you please list the broker that can limit our loss in a daily or weekly basis please thank you!
It all boils down to personal belief. I for one trade using SMC, so I am a firm believer in algos.
I like algos for their rithm. The "rithm" (rhythm) is where I find my edge.
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.
just short it to take profits
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.
My portfolio has good companies, however it has been stalling since last year. I have approximately $200k stagnant in my reserve that needs growth.
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.
@@mariaguerrero08Mind if I ask you to recommend this particular coach you using their service?
'Izella Annette Anderson' maintains an online presence. Just make a simple search for her name online.
Her website appeared right away, You've saved me several hours of research, I appreciate it.
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
Cheers
Thanks for having me on!
-Bao
thanks for participating Bao :)
You're a wild dude, Bao 😅 but I love it! 👍🏽 learned plenty from this 🙏🏽
Great guy loved him
Excellent interview ……. really liked it !
🔥🔥🔥🔥🔥
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. 🙏
Cheers
Bao & Alex are living Legends! Thank you for your brilliant insight and sharing of knowledge.
This guy has ENERGY !
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!
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.
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.
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.
Your time was very much appreciated learned so much to listen to stories. They really help. Thank you Shay for having him Bao on. 🙏🙏🙏🤩🤩🤩🤩🤩
Bao 💯💪👍
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...
Me too 😅
i was even a vegetable during that time , like a mineral that my dad hasnt eaten yet and eventually became a sperm @@HumbledTraderOfficial
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.
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
Glad you enjoyed it!
My three favorite channels: Humbled Trader, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥
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 🔥
Glad you enjoyed it!
This is such a great interview.
Great to hear from the legend. Thanks
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.
Ict will never change how it works. Depends on the trading method.
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.
Many thanks Shay and Bao for the amazing video!!! :)
🙌
LOVE THIS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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. 🙏
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.
My favorite channel Humbled trader thank you
I appreciate that!
This goes right into my top 3 podcast ever 👏👏👏
🙌
Bao back at it again w/the WISDOM!!!
Thank you for sharing. Bao’s experience and wisdom are gems!
🙌
I ❤ your podcast... Nice to meet u ModernRock 😂
Very eye-opening for this fledgling trader. Insight into the history and evolution of anything is a vital comfort/confidence/control boost.
" 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!
I learned so much from this video, the stories Bao has are invaluable
🙌
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.
Thanks for sharing 😇
Great convo! Always a pleasure listening to Bao speak.
🙌
Do Asians like to gamble?
He is all over the place
Watched many of your videos, just noticed you were glowing in this video, not sure if it was the lighting or light makeup 😋
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.
You had a grand master as a guest? Thank you for the insights!
The guy is fun to listen to and humbled looks prettier than ever!
Great, great interview. Tapped on to the real philosophy/psychology involved with trading.👍👍👍👍
Gosh such down to earth nice videos, thanks Shay and Bao!
Glad you like them!
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!
Wow, thank you!
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.
Very interested interview going indeept details how this market actually work. Never hard of before
💯
I learned a lot in this video thank you guys 🙏🏼
Hope Bao finds the way to be enjoying life while making a habit of trading less while enjoying life. appreciate his HONESTY awesome Shae
Great interview!
thanks for watching :)
the ducks in the pool during the podcast 😅 - quite right about having Objectives !
😂😂😂😂
Thank you
Fantastic, thank you!
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.
Great interview love the guy
Good guy!
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...
Please interview Qullamaggie
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. ;)
On creating accounts, does one use different brokers or the same one by creating more accounts with the same broker? Thx 4 the vid
Smalller size wider range is key
Yes 💯
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.
Great, great interview ❤❤
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.
Bao is one excited fellow
Very 😁😁😁
@@HumbledTraderOfficial lol
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.
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.
Do you have a monthly live trading membership where I can follow along your trades in real time?
GREAT STUFF!
Glad you enjoyed it
Love this guy! He reminds me of Quentin Tarantino :)
Awesome 💯😎 thank you ☺️
Very useful information
Trading fractions and high commissions made trading much more difficult than now.
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.
I love this guy!!!!
'Nail and Bail' 📝🗝
Smaller size, wider range. 📝
Brasil
Parabéns pelo trabalho.
Why trade or hold when you can start using Eledator? Copy trading make it easier
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. 😂
ganda ng usapan more power
He is the most chaotic trader
That’s OG trader, chaos is alpha.
Why are you interviewing known scammers?
Love it
There is nothing to learn from trading. You only learn experience and that’s what he is sharing.
💯
There is to learn
Insightfull
So true about loosing trade
I don’t understand the spoofing??? How do you hide shares?
so whats the consistent strategy!? did i miss it?
Get al brooks or lace beggs or atanas matov
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
What trading app do you use ??
😂 Bao!!! Your story time Yoo!!! 💯💯💯 newbies don’t know that 😂
True story
Shay I love it! 💯💯💯
So true! ✊🏼
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???
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.
💎 Ares Capital (ARCC) 💎
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
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 🤣
Heyyyyyyyyyyyyyy Buddy! i remember ! Hope all is well bud !!
@@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 🤣
Vietnamese successful trader luv it
What are zombie hrs ? New to the world of trading
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
How can I follow this guy?
Do an interview with bernd skorupinski next?
Buy and hold. Don't trade.
I actually do pretty good trading small size 4-6am.
Please Uncle Bao, adopt me! The market is bullying me this week
You from Thailand?
I thought wash trade was illegal.