Teaching Dustin The Stock Market: Ep1
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- Опубликовано: 1 окт 2024
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Steven Dux Interview
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Tim Grittani Interview
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Ricky Guttierrez
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Warrior Trading
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The Daily Trading Coach
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Market Mind Games
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Remove all this garbage from the screen, put one chart with one timeframe, remove all indicators, trade only force, so long as I can help you
Garen Phillips Yes, I have experience that lol. He send me to some sketchy bitcoin site.
I am so in love with this channel. I am 40 years old and just started investing in stocks, and ETFs. I even started my IRA, and 401k with the help of my licensed trade analyst I’ve been able to compound over $20k from my trades.. It’s exciting, and I’m learning wish 25 year old me knew this stuff.
Awesome Video man! I love how you explain these little things that most people over look when learning to trade. Great Content, keep'em coming.....!
That's why i do this videos, it's call the expertise syndrome when you try to learn from someone far more advanced than you.
Hi Garen, nice video. You mentioned you did not like the volume bars in thinkorswim and that could be because your volume bars are preset and a preset color. Correct me if I am wrong but I believe you are looking for this: 1) Go to Edit Studies and on the left search for VolumeAvg 2) Add VolumeAvg to your list of studies (it is ok because this is a lower chart Volume study) 3) click Apply and Ok and look at your chart again. Is that what you want? (if it is I saved you $180 haha) 4) Now remove the preset volume bars (what I am about to describe is easier to see if you open one of your charts to full view) 5) click on the Cog (Chart Settings) which is to the right of the laboratory beaker image (Edit Studies). Once you click on Chart Settings at the top look for the tab called Equities. 6) once in the Equities tab, look right and UNCHECK the box next to Show Volume Subgraph and then at bottom click Apply and Ok. And you are all set. Now because your other charts were already open prior to this change you will need to go into each chart's chart setting Equities tab and uncheck the Show Volume Subgraph box and also Add VolumeAvg study. You may also want to save a copy of your workspace so in upper right hand corner under Setup click Save Workspace As just as a backup copy. I do hope that helps and is what you are looking for.
Garen you can definitley change the colours of your Volume bars to Red and Green, simply Maximize one of the cells, click on the Chart Set-up wheel, click on Appearance, and then scroll down to Volume Bars, click on the Color as symbol ticks, be sure to click Apply and Okay as well,
I'd buy you a beer for this if i could
Watched another youtube video a long time back on it - margaret is correct. I always have my vol bars changed accordingly!
Kudos , you seem to have learned the technical stuff quickly , It usually takes more than 1 year . And the mental game apparently can take decades .Hope , you'll become profitable soon ..
"There's a battle between the longs and shorts...and somebody's gunna win." 😂 I love it.
Great, honest and simple. Keep going. Once you master the skilll of self teaching anything is available.
Hmm teaching now cool guess you got it down
another option is to join the ascend trading room. my key message to you is to join a room to get trading ideas but i recommend you focus on reversals. looks for stocks that have been beaten up for days and take the first day to make a new high. put your stop at the low of the last day and your targets are the moving averages. Ustock is great for this type of trading.
Figured you'd be interested in this. They are links to google drives that contain dvds.
Warrior trading and Investors underground.
drive.google.com/drive/folders/0B6Nr4EYPNPPGQzRCZGhxNi05TEU
Sykes stuff
drive.google.com/drive/folders/0B4BgHobQ-f1cM2pacGcwMnlZb2s
P.s. yes some of the content is missing but none the less there is still usefull material in it.
Eric RT.
if you don't follow him already, PlanTradeProfit has been invaluable to me. Good luck Garen! great videos man
You're cracking me up but at least now you're on the right track.
how about you teach me, and record that, it would be the best for others to learn too.
can anyone recommend a thinkorswim platform style for the uk? Due to conflicting company policy between TD Ameritrade and TD Direct investment uk residents cant use think or swim.
Do you have any opinion on the MotiveWave platform? As a paper trader I really like it... but maybe it's considered one of the more expensive ones , I'm not sure since I.. kind of cracked my copy of the demo ;)
Good content but what are you doing now daytrading penny stock investing or short selling
HuntMaster still coming up with my own strategy, looking to short over extended breakouts, long news breakouts and really enjoy swing trading ETFs long. Possible studying penny stock diversifying using Investorhub breakout boards but I haven't figured that strategy out yet. Been trying to learn it from TechBud's OTC chat
Hey I found this video interesting because I was picking up DCIX around the same time. Ended up talking to a friend who does trading full time and he couldn't really pull much up. I went through another one of my programs and ran a SEC check and there was an 8-K filed on them. What really caught my curiosity was how do shorts work when a stock is being split....like DCIX was. If anyone has the answer to that I'd love a response. This stock had been spit 1-7,1-6,then 1-3 i believe. So if I had bought in July at $300.00 then shorted them until their final split say 300/7=42.86/6=7.14/3=2.38 per stock. Then the fall to 0.62 which is another fall by 74% (Completely Organic,no split). So would this not be the ultimate short?
**I was too new to trading to make the move as I had no experience with a long-term shorting. And I didn't want to essentially borrow $3000 and not know what would happen with it. That would've worked out to 10 shares originally,and 4838 shares at close.
You should censor your account number.
Good question; What moves a stock when there is no news. Answer: You haven't found the catalyst. A. Direct Mailing from a promoter B. SEC filing with certain dates, and agreements come into play. C. Company sector is perking up in general. (see heat maps) D. Twitter, and Facebook investment clubs ala' Techbuds, RH newbie throngs, Tim Sykes, Clay Trader, Warrior, Ascend Trading. and other blog investors following and cloning watch-list picks. Along with HFTers programing and MM playing ball with them its a crap shoot. The gravity of volume a least gives control back to the market some. Glad you made the connection to Ricky's group. Great to have others involved and share ideas. Thanks!
Robert J. duPreez. Usually a pump & dump, someone with a lot of followers is pumping the stock, "influencing a lot of people to buy"
(9:30) Not quite sure if your explanation of bonds is correct. I think you're getting it mixed up with an index. And yes, you can definitely buy bonds, either on the bond market or some bonds (called baby bonds) are also listed on equity markets. I like your videos though Garen, keep up the good work!
I'm in the learning phases of this whole process and have a quick question. In this video you sell JNUG for a gain, and just a few minutes later (@20:30) you explain its dropping straight down and you sold at the right time. My question is, would this be a good time to look at buying (or at least analyze) the inverse JDST if you can get in at the right position?
i have never had a lag in Robinhood. would the problem be with your phone or your wifi? has the desktop version of RH lagged?
man, Bitcoin trading is much less complicated than this...Bitcoin is easy to make more BTC but its very rollercoaster right now...thats why I've searching stock trading hoping to switch
THANKS for this video dude was really looking for content like this👍🏽👍🏽👍🏽
From this video I can tell your not some fake ass RUclips millionaire day trader so that's good but don't let people think jnug can't destroy you in 5 minutes cause I've been there and done that. Gold miners is a wild wild area to trade if your trading the 3x's!! But I love the vid, keep it up bro
Hey there Garen just downloaded the Robinhood app, the stocks I seen on the app are a bit pricey and there seems to be an incredible amount of volume in the millions...... What should I look for and where do I go from here?? Thanks in advance for your time and discretion.
@Garen Phillips go to style at top of chart, settings, appearance, check color as symbol ticks. Might be what you're looking for with volume bars
6:05 You know you can change all that in the settings... I was wondering why your charts still looked like that. You should probably take some time to watch some tuturial videos on the TOS platform
You can change the volume bars on TOS to show red and green by clicking the settings icon (top right of the chart next to the timeframes) and go to the tab appearance. At the bottom left ull see volume bars: where u can select "colour as symbol ticks"
What's your sales strategy?
Whats up with DRYS and the crazy share value it reached on November 15, 2016?
I've watched a video of yours and warrior trading and already understand everything you're saying. You're a fucking gift, my good sir.
Love all your videos on stocks so far! I'm in similar position as you. I started about 3 months ago and i've studied pretty much every person that you have. Great to watch someone thats relatable! Keep it up!
i'm trying to open a €100 trading account on degiro but what software does garen use? and does it cost money? if so does anybody know of a free trading software? any further tips are welcome have only been learning for two weeks.
Hey man, I'm a starter at this. Love your vids. You mention that the think or swim software does not tell you if the volume peak are buyers or sellers but then stated that tier 2 tells you how many buyers and how many sellers. So do u still need that other software at the $172. If these particular tiers give u that info?
Maori think about what volume is, Volume is when a stock is handed over from 1 person to another, aka trade, volume is amount of shares traded. It doesn't matter if volume was on a bullish or bearish candle stick, volume only means the amount of shares traded. To see how many buyers and how many sellers you have to look at level 2. No need to spend 174, Tim Sykes it same way as ThinkorSwim
Great video! Question: Which camera and lens do you use? The auto-focus and the facial recognition is spot on and super fast!
Try TRADEVIEW
Pri my favorite video on stocks yet to see. I really like the dynamics of a friend that doesn't know how the stock market Works being there and asking questions. Great job
people i need some one to teach me what is the break and resistance and what do they mean please someone help im trying my best to learn and i dont have much money to get into a course for 300 dollars or something so if someone can help me itll be much appreciate it
I’ve been much more interested in learning the FX markets. Have tried your hand at those also?
You can change the color of your volume bars, I have mine set up to be green on a candle that closes green, & red on a candle that closes red.
I recommend you invest in the tradeideas scanner. it is much more accurate than the thinkorswim scans and much more customization
Dude did you say a bond is putting a bunch of stocks together and taking the average wtf.
lol. not a bond. a bond is debt, but mutual funds and etfs group stocks together
You should watch martin shkrele's videos... he does it right
I just want to complement you on how fast your learning. keep cranking out these videos, find it easy to understand where your coming from.
Yea you can change the volume bars to red and green under the settings tab and appearance section on TOS
Hey Garen, Great vids and thank you for the information. If I had some questions would it be cool if I emailed you?
Hey Garen, I'm sure you've heard that both Dux and Tim Grittani credit their success in the market to their practice of recording stock data into spreadsheets to calculate the percentage probability of a stock, based on certain indicators. Dux boasted an 87% successful prediction I believe.
This is the stuff they aren't selling in DVDs, weather its the secret source or just down to hours of data input I believe it is the next step to have success at this. I have been trying to crack this but seems counter productive to go from scanner to excel, I did find a way to import the data from finviz but they shut it down.
I appreciate your videos I've been learning for over a year now you are refreshing my areas to study even though I knew you would drop the charts. Have you tried anything in excel yet or found a scanner that can export data? I'm using EquityFeed with no luck...
Ya I've been paying extreme attention to any time they talk about spreadsheets. That's where their real money is money. I'd highly recommend reading "The Daily Trading Coach". In the latter part of the book he talks about proper spreadsheet documentation. He also talks about websites or software you can use to directly import intraday data into excel but I can't remember the websites. They all cost money and right now I'm just focusing on the basics but I'm definitely going to be doing videos over spreadsheets eventually.
Your volume chart can be displayed in green and Red. Change in settings (gear symbol) under the appearance tab
You can change the volume color by going to settings, appearances, and then on the bottom you will be able to make the switch.
Garen has the best videos on youtube for learning stocks!!
whom did you learn from and how did you start learning and how did you find them?
Would level 2 be still as effective since many traders can hide their actual number of orders in it?
Which broker do you use for scalping the stocks?
Now that you have been doing this awhile what information do you find invaluable to someone trying to get into trading?
Tim Sykes knows his stuff. The real deal.
I'ts funny to go back 2 months and see $DCIX at .58c and now its $10.00.. So much money made...
Hi another great video. could I get a copy of that spreadsheet
U can change the appearance in the chart settings for the volume bars
Awesome video, what kind of computer are you using?
Around 9:30 where you liken an ETF to a bond, do you mean to say an index? A bond is a debt security, stocks and ETFs are equity securities. A bond is where you pay $1,000 +or- a premium or discount, typically get coupon payments, then receive your principal at the end of the bond's life. There are many types/variations of bonds.
sean mahoney ya my bad, I don't word good sometimes.
Vocal audio needs improvement, otherwise great
Nice bro I need a mentor don't know if u like teaching let me know
Amazing job, I'm waiting for more videos like this!
you can also join the warrior trading chat room and he shows his scanners every day. he also talks about interesting stocks and gives his two cents on what he thinks is worth investing in. He also just started swing trading these past weeks. he used to only long scalp gap ups and breakouts but is now venturing into day holds and swing trades.
"What are you doing for lunch?" lol! Good stuff man! Its great that you mentioned Market Mind Games because I literally just finished that book. So after studying all these great traders do you think you'll sign up for a paid service down the line? You should do a vid on getting setup with SureTrader and exploring there platform? Great stuff!
I will be and setting up ThinkorSwim
ETF's are not bonds per say but I see what you mean
Have you tried your SSR rules strategy ?
Is seek alpha part of TOS platform?
I like the way you are approaching this =) Hope to see more!
What happened with your trading. have not heard from you in a while
Love your content, keep it up please. I want to emulate you.
Garen how did you learn to trade in the beginning?
how do you get the software to show the amount of share size?
Do you still use the ichimoku cloud though? Matthew Owens uses that and it's a pretty powerful indicator.
I really like SAR Parabolic, RSI, Ichimoku and PolarizedFractalEfficency but i only use them selectively, they don't work on every setup. I recommend learning as many studies as you can and then just use them when they are applicable to a situation.
Wish we had thinkorswim in the uk
Just got into this. And I'm thankful I found your videos and for making this stuff learnable to us blue collar workers.
I've worked in a foundry & CNC shop since i was 15 so I feel you man. Dustin's an electrician and surveillance installer.
bonds?! how can you teach this?
you sir should not speak so low, you will damage your voice forever if you keep doing that. believe me or ask an logopedian!
what lol
I've been watching videos and reading a lot for a while now and I'm still having problems with some of the terminology. It feels like I'm never going to get the gist of everything.
Pause the video any time someone says a word you don't understand. Go to Investopedia and search it, read the explanation and maybe try to find a quick 5min youtube video over it. That's how I became fluent in stock market lingo in under a week. That's also how you will learn the most, the fastest if you prefer to be a technical trader.
This might be a really dumb question, but I need to ask just to clear my head (because I honestly dont actually know, and im very very new at this).
So please excuse my ignorance & stupidity on this matter. With that said :
When signing up to download this application.
Do people create a new email account specifically for trading ??
Or
Do they use their personal email address ??
Also, do people create a personal account on Ameritrade, or do they create a financial institution name, for EXAMPLE: ( Phillips Financial )..??
keep it up! your videos are quite inspiring
did you make any money?
Soooo impressed 👍👏👏👏👏👏👏
What trader do you?
nice progression
good luck
Lol you still day-trade and do technical analysis in 2017?
You are gambling you know that right? Those kinds of analysis methods are useless and have been for the last 10 years.
quantitative analysis is the only thing working - besides value investing
Samy Othman its lined my pockets for a year now. All good things come to an end?
I think technical analysis still useful to find an entry price. But Fundamental analysis should give you the long term biased towards a company. Am I on the right tract. I've been investing like that for years now, learned this from someone who runs a small hedge fund.
How can a hedge fund be small?
Anyway, yes you are on the right track but what I ment is that quantitative analysis is used by investment firms nowadays bc the myths of resistance and support lines and how they work have been proven wrong. And all those flashy indicators and scaning services are useless aswell bc as a private investor the analysis to trade reaction time is way to slow given the pace of the big investment firms who are making thousands of micro trades in just a few moments induced by multi million dollar computer programs of which they have plenty with new input by ivy league trained statistics people, mathematicians and so on. All the money that is earned by private day trading ppl is straight up luck and gambling and the believe that they know what they are doing but they really don´t. Markets are not driven by how lines on a chart move they are moved by real sales reports, political environment, inflation rates and so forth.
Thats really just how it is I started of as a day trading guy too at the age of 17 and made some money then lost some then made some again. But now I study Economics and Management in Oxford and have learnt that I practically was gambling all the way - no matter how fancy of a trading strategy or portfolio Management - in the long run they all lose.
Don't want to tell anybody what to do but trading is pretty stupid - if you wanna invest do it in low cost ETF`s or something - even stock pick but let trading be
Oh and about the whole "finding an entry price" - such thing as an entry price is a illusion because the market is always priced at the exact amount it should be - if you wanna know more about that you should google "market efficiency theory"
Brian - I wish everybody just the best and if it is working for you, great. But I have seen people trading for months and years non stop under constant stress of not knowing whats going to happen and some loosing their life savings in just a few bad days so be carefull
did you watch the last time warrior trading guy do the 100k in a month challenge from a $500 surtrader account?
his first few trades like doubled or tripled his money lol. And then he just kept making bank, he was green like 15 days in a row or something and once he got $25k he moved to another trading site, i forgot which one. Are you planning on buying his course someday? just curious, ive been following warrior trading for a little while, and also ive been watching this "meir barak" guy on youtube. He has his own course i think and it's more expensive, but if you learn your stuff he actually gives you a fully funded account and you use his money to trade, and you keep a larger chunk of the profits, and he gets a little. I think it depends on the course you buy from him, i think the highest priced one, you keep like 95% of profits and get way more starting money from him. And he keeps 5% and you don't get the account until after he's taught you everything and feels confident in your understanding. I think he made his own trading platform too, it's called tradenet i think.
wooowww this dude thinks he know everything about trading bc he has a millions charts going on at one time. classic case of analysis paralysis
he lost me when he called candle sticks bars and Level 2 numbers as number of buyers. That's such misinformation. Especially the new new people who are going to look at level 2 and think the bid/ask sizes are buyers instead of share amounts. I didn't even hear him mention either that you have to add 2 zeros to it. I learned that one from Warrior Trading. lol
@@mrcornutt So you have any channel recommendations on how to learn stocks for complete beginners?
Why not use MetaTrader 4 ?
Elijah Jones you tell me?
MT4 is setup like Windows 98. It just seems old.