How to be the Top 5% Winning Trader? Ft. Lance Breitstein (VERIFIED 8-Figure Trading Mentor)
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- Опубликовано: 18 сен 2024
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If 95% of traders lose money, what separates a winning trader from the losing traders? Today, you and I are going to learn from a pro trader and prop firm advisor who transforms good traders into great traders.
Lance Breitstein was a verified 8-figure trader at one of the largest prop firms. Besides trading at the firm, his career has expanded into coaching, hedge fund management, and empowering women and minorities in trading.
In this episode of Humbled Traders podcast with Lance Breitstein, you are going to learn:
01:34 How to find your edge in trading
18:57 Traits that a trader needs to develop in order to be successful
41:15 The importance of finding a mentor and a trading pod
50:23 Strategies to minimize losses and maximize profits
And how does trading align with social values
#tradingstrategy #lancebreitstein #traderpodcast #stockmarket #daytrading #stocks #priceaction #livetrading #algotrading #chartpatterns #orderflow #tradingpsychology
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DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. You must conduct your own research. I am sharing my opinion with no guarantee of investment gains or losses.
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Shay, how do I download this vdo to listen repeatedly.. Thanks from 12 600 km away 😘😘
New sales people tend to under value the deals in front of them. Experience is the only teacher. The interview video's you post help newbies start to think like winning traders vs scared lemming in a pack. THANK YOU !
What a time to be alive. I can’t believe I got to watch this for free. Thank you Shay and Lance for sharing so much value with us!
Hope you enjoyed it!
Appreciate the kind words!
Yes, that's accurate.
Here's a question: Can you point me to a good AI for trading?
The leading AI trading tool is recognized as
This guy consistently provides the best information out there. Lance is a real one.
🐐
Thank you for the kind words 🙏
True that. I watch any interviews I see of his.
So gullible
@@TheOneLanceBI have huge respect for you, you've changed my trading. Thank you for being one of the leaders in the trading community.
I know a very successful trader who has worked with several top prop firms. And he is just like Lance, he always shares and helps others without expecting anything in return. Lance could just live a millionaire's life ignoring everything else, but he "spends" his time helping others. I love seeing how there are more people like him. Love this interview
Very underatted quote " focus on easy trades" and size up
100%
Absolutely wonderful.
33:45 really helpful routine pointers!!
51:25 know your tickers in play. Sentiment, scale, news, volume and trailing breaks of prior bar highs/lows on the other side.
59:42 start with the biggest news / IPOs / moves /panics / breakouts and start your chart data base. Then crack them into themes or hipòthesis. Then write the rules those past events draw. Reverse engineer all the variables and the influence they have to fine tune the rules and hipòthesis.
Risk: start testing on virtual, move into 1 share. Save firepower for when you have edge and size up slowly. Make sure you have limits at the software level. Sweet!
Really great interview!!
Absolutely!
You're extraordinary. Success is just around the corner.
Wow Shay, I think you hit it out of the ballpark this time. Thanks to Lance and you for putting this together.
My pleasure! It was a a fun conversation with Lance!
Shay is a pro interviewer and her production team was incredible!
Absolutely!
You're extraordinary. Success is just around the corner.
Absolutely!
Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in last month 2024
Wow that's huge, how do you make that much monthly?.
I'm 37 and have been looking for ways to be successful, please how??
Katherine Flores was my hope during the 'bear summer' last year. I did so many mistakes but also learned so much from it, and of course from Katherine Flores
Woah for real? I'm so excited. Katherine Flores strategy has normalised winning trades for me also. and it's a huge milestone for me looking back to how it all started
I'm new at this, please how can I reach her?
Never heard of him before, but the way he speaks can tell the guy is next level, even without seeing his bank account
Lance is one of my favorite people to watch on all of RUclips so thanks for having him
Amazing!
Appreciate you watching! Gona keep on fighting the good fight and bringing quality content to the people!
@TheOneLanceB thanks for what you do. It has helped me tremendously going from losing for 3 years to just starting to be profitable. I'm trying to do it at work now with a slow WIFI connection and it sucks sometimes. At home I do much better.
Burnout is real! Take care of yourself fam. I'm an Aussie, so the markets don't open until 11.30pm for me. I trade from 11.30pm to around 2am every night I possibly can. I also work 12 and 24 hour shifts which can be grueling. I also have a family, as well as my own health to look after. It is incredibly difficult to juggle everything while getting enough sleep and being mentally on point for everyone's needs. I soldier on though because I just love the journey of trading.
This is one of the best interviews I’ve seen. So much value on how to actually improve.
🙏
@@TheOneLanceBtotally agree, what a great interview. thx
Exactly!
You're unique. Your efforts will soon yield results.
For sure!
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $260K for sometime now, my major challenge is not knowing the best entry and exit strategies... I would greatly appreciate any suggestions.
I agree , I assumed I had a hang of the market at first, I gained $50k one year and I was super elated, not until I stumbled upon a portfolio-adviser whose been guiding me since the market's been sham after the pandemic, to my utmost surprise I netted a whooping $280K during this dip, that made it clear there's more to the market that we just don't know
They are truly top-notch in their profession; I had the pleasure of working with one and it proved to be immensely advantageous as they helped me restructure my entire portfolio. My advisor is none other than “Margaret Johnson Arndt”, a renowned figure in her line of work whom you may be familiar with.
As a retail trader I’ve been following Lance on you tube and twitter for like 2 years and he is always down to earth and real genuine person who means good . Thank you for this great you tube video
Lance was great! :)
Thanks for the kind words :)
Lance makes a great point about analyzing more details that others do not. I played poker professionally and at one point i thought maybe my skills had peaked. I then realized there was a way to do deeper analysis and consider more factors that i had overlooked. There's always a way to go deeper, and sometimes it's not obvious or it takes significant work
Absolutely!
You're extraordinary. Success is just around the corner.
Amazing video.. I think (one of) my most favorite with Lance.. Very intelligent, down to earth, top verbal speaker, empatic, not over-emotional speaking.. An enrichment in trading..Thx a lot..
Thank you so much Shay for putting this interview together. When Lance talks I stop and listen! So much respect for what he says and has done. This interview was a Banger!
Love the practical tips he provided in this interview. Thanks for watching !
Thanks for listening, glad you enjoyed!
@@HumbledTraderOfficial The section about the 'POD' was so good - I would totally have never considered that!
NONSENSE "THIS GUY IS A FOOLISH SALESMAN" REMINDS ME OF SAM BANKMAN- FRIED AS USUAL SHAY IS GOING TO BLOCK MY COMMENT.
Private investing is the best way to go about the market right now, especially for near retirees, I've been in touch with a wealth manager, netted 370K the last downturn, made it clear there's more to the markets than we average joes know.
Who is this manager you use? I lost over 35000 already this year, I’m in need of a planner going forward.
My consultant is Loren Lena Walker, very advanced and experience broker
Thanks for the Recommendation, i googled her name and i was really impressed and i already scheduled a call with her representative
Loren Lena let me take her up the back passage , it was awesome, I can't highly recommend it enough.
The collaboration we always wanted! Thank you guys
Our pleasure!
These videos are much better than looking at your specific trades. Great evolution. Well done!
One thing i appreciate about him is he's so intelligent and he goes straight to the point always
Lance is amazing. Gave us so many nuggets! Everytime i am on a losing streak, i watch Lance's past interviews to remind me how i can get better and improve my trading
golden retriever style genius trader instead of some ego driven trader is so refreshing - I identify with this and this is really good stuff - thanks!
I really do have a question. For someone with less than $5,000 to invest, how would you recommend we enter the market? I am looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What’s your take on this approach?
I've been trading by myself. I'm not really happy with what's going on, just few weeks ago I lost about $7,000 in a particular trade. Can you help me out or at least advise me on what to do?
There are some people who are innately talented in teaching. Lance is so relatable and likable that I would love to spend time around him.
Wow! This was a great, great interview. Lot's of pearls of wisdom here. I'm going to have to go back and listen to this multiple times and take notes. Shay, this is definitely one of the best videos on your channel. Thank you
Love that you found value in it!
I have never heard Lance speak at length about what I would call his "philosophy of life". What I would like to say is that his philosophy of life gives me hope for our country and our planet. When I look around at the state of our country right now I feel deep concern for the generations that come after us. There seems to be an increase in random violence an a decrease in respect for every individual and their right to think and be as they are, So many haters out there, clearly fed toxic ideas, etc. So I thank Lance for giving voice to values that value and embrace all human beings. And I that Humbled Trader for who you are as well. Giving so generously of you knowledge and clearly demonstrating your humanity and encouraging your students try and try some more. You two have given me a real lift in sharing this with me. God bless you both.
Nobody can become financially successful over night. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals.
@sojakia Bridget Mary Turow , lookup with her name online.
P PO o
I watched this twice. It is so much insight of what we should expect and how to improve myself. Thank you Shay and Lance’
These podcasts help me to become a better trader. I like that every trader on the podcast shares their ups and downs. What struggle are they going through to become successful in trade? And that is very inspiring. Common that I found that no matter how difficult is every single one of them just kept pushing and pushing until they found the right strategy for them.
I'm so glad you were able to get this interview. Brett is a legend and one of my favorite traders ever.
With Elon Musk as my trading mentor, I now consistently earn 30k a month.
I could listen to Lance all day long, great speaker he is.
Thank you Shay ! Lance is the real deal! I really appreciate what he does for struggling traders and how he gives back in so many ways besides only trading Great dude!!
Absolutely!!
Thanks for the kind words!
This is one of the best trader's podcasts on Earth
Wooow you got the legendary Lance Breitstein on. Thank you so much for the interview
Our pleasure!
44:35 - Yes sir! Been experiencing pain/suffering for 6 years, and idc if I feel this for the rest of my life... I will NEVER even consider giving up. I just keep it pushing no matter what!
One of your best videos in a while, great job! This one is valuable to traders at any level in their career
cheers glad you enjoyed watching it!
5:20 - I LOVE that Lance, aka the GOAT, said, "I remember losing again, and again, and again..."
“Stock Criteria “. Thanks Shay and Lance for sharing about your trading journey. Refreshing to hear that even experienced traders can make mistakes as well as the newcomers.
Welcome!
Lance talked about creating a Trading journal , a Playbook , and a personal Database , can you share visual examples of what these might look like for a profitable trader.
Shay, I'm not in the stock game. But the talent and wisdom coming from your series is some of the best on the tube. Really refreshing real content even if im trading other stuff, these interviews are gold ✍️💰
Absolutely!
You're extraordinary. Success is just around the corner.
The market is more volatile than ever. I've been holding cash since '20 pandemic crash, but just went "all in" bought up $250k worth of ETF's & individual stocks at discount, and hoping to average down on ailing companies, in order to achieve passive income and early retirement.
Two traders i look upto in one video 🔥🔥 outstanding
🙌
Lance is a legend. Great interview 👏🙏
Love the practical tips he provided in this interview. Thanks for watching !
The line that separates wealth from poverty and novices from experienced traders is quite thin. I too was once a newcomer navigating the market without much technical know-how. But a turning point came when I found Cheryl Atonal’s program, which highlighted the importance of knowledge as the ultimate key to success.
I just looked up her name on Google and saw her impressive result. I will write her an e-mail shortly.
It's unexpected to come across her name here. She understands every beginner’s intention and fix you to a trading course that matches your capacity.
Nice to see this here, I have worked with her also for months now, she simplifies matters, whether it's a market surge or drop; her approach consistently achieves profitable outcomes
Her signals always hit the right entry before huge volatility impacts the entire market. That's top tier!
it took me like a week or so to finish watching this talk as there are so many great insights to absorb in every 5-10 minutes. The part where Lance talked about his trading-changing loss really helps me get over of my stupid red day yesterday, now im able to open my trading journal - look at the chart and revisit these three painful positions. Btw who also think he's the real-life-talkative version of Ferb (from Phineas and Ferb)??
I love Lance energy and advices
"Stock Criteria" Great interview! You both add so much information that is useful for me. All your videos have been well thought out & useful.
Two of my favorite traders, Shay and Lance! Thank you for the awesome interview Shay!❤
Our pleasure!
As an investor, I sometimes wonder how top-tier investors become millionaires through investing. I've been waiting on over $545K in equity from a home sale and I'm not sure what to do next; is it a good time to invest in stocks, or should I wait for another opportunity?
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
Whoa Lance from SMB
Yep
Lance is truly one of the best. His teachings will forever teach for generations to come.
you always do very good interviews, but this one particularly resonated with me. Thank you for allowing many new traders to become better with quality content. Stock Criteria!
Glad you enjoyed it! ruclips.net/video/KmS_e1LRMHk/видео.htmlsi=TrHLsDtQgS7R9PJa
Exponential bet sizing at minute 14:35, a nugget of gold! Love this concept!
Yes agreed 👍
Take everything these RUclips hacks say with a grain of salt. Without their courses, affiliate links, sponsors, and ad revenue, they cannot replicate the same results. Trading is all about psychology. Joe working a 9 - 5, risking his own capital is psychologically not the same as what these “experts” risk.
Amen
I have a counter-proposal: why not listen to the experts w an open-mind and learn what you can from me and others? Trading is not all psychology - the biggest weakness of retail traders is they lack edge. I sell no courses, nothing. All my content is free. I have helped hundreds of retail traders with free content, the same content I use to help pros level up their game.
I agree with one thing that there are a lot of hacks on here. But these 2 are definitely not. Lance and shay are the real deal it’s sad that you cannot see that but hey you do you!
Seconded!
@@TheOneLanceB you are naive if you think these RUclipsrs can produce the same results without the additional income I mentioned. This does not make them trading experts. It makes them great marketers. Trading is indeed all about psychology. Use any strategy you like to create whatever edge you want. It won’t change the emotional difference between risking money you worked hard for in a normal job and risking money you know your viewers will help make up for you the next month. These RUclipsrs and their viewers are not on the same playing-field. One clearly has a definitive advantage over the other and that’s gonna make their trading significantly easier. How do they expect their viewers to relate? The circumstances are infinitely different.
What he says around the 32:50 mark is what Gary Vee (not the only person) has been saying to entrepreneurs for years. "What you do from 7pm to 2am is what sets you apart from everyone else." After your day ends, that's when your work begins. For those of us who still have day jobs, we still have to find the time and energy to put in that extra effort after dinner.
My greatest happiness is the $ 28,000 biweekly profit I get consistently❤❤❤
What a beautiful man. And I learn so, so, so much with him. He changed everything
I wonder if highly successful traders that have done it for 10+ years, like Lance Breitstein, have retired many bread and butter strategies and have had to constantly devise new ones. I have been trading since the late 90s and it is crazy to think back about those early strategies that were so effective and realize they haven't worked since like 2003. I never would have imagined in, say, 1999 that I would totally eschew small caps and, in 25 years, focus 100% on selling option premium and trading options, futures, and index ETFs. Trading, to me, seems like a constant game of reinvention and developing niche strategies. Kudos to the folks that have been using the same strategies effectively forever, if they exist, and can scale those trades in size.
humbled trader makes more money on RUclips, than her trading.
Yeah really... 😂😂😂 good luck for your finances.
loving the podcast interiews with real accomplished traders, learning alot but heaps more needed.
highly recommended for any keen new traders to gain valuable knowledge.
📌Thanks for your videos mate,, TA is all well and good but I find it truly baffling that all major stocks you tubers just look at pure TA and completely Ignore the bigger narrative of why stock Is pumping and why the future outlook might not be as rosy as it seems. It's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major pump at the peaks of stock.. We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market...more emphasis should be put into day trading as It is less affected by the unpredictable nature of the Market..I have made over 9btc from day trading with Nathan Chui,insights and signals in less than 6 weeks, this is one of the Best mediums to backup your assets incise it goes bearish....
Please educate me, I’ve come across this name before, Now i'm interested to start trading with him.
VlA TE L E G R AM👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾✴✴ ❤❤❤Nathanchui
Nathan’s understanding of market volatility is impressive. he knows how to leverage it for profitable trades.
He's definitely a top player in the trading world. His ability to make successful trades is really impressive.
Thank you so much Shay, for inviting people like Lance, Cody Yeh, Alex Temiz, and others to your podcast, who humbly share their experiences, especially by offering them for free. I am new to this, with years of experience working in other areas. You have inspired me, and I think now is the time for me to change my career path. Greetings from Stockholm Sweden.
🙌
Thank you so much, I am a new b, and I lost a lot because I didn't spend time learning. Right now, I dedicate gain as much knowledge as possible so that I can be aware. Thank you again. You're a Rockstar. Keep helping.
I wish I hear this two years ago, for anyone who just start trading and bump into this, you are so lucky!
Lance is the most valuable trader I found online. His endless wealth of trading knowledge benefits me everytime I listen to him.
Wow, I loved this guy. He has such a good vibe. Thank you so much for having him in your show. ❤❤❤
Ive listened to this a few times now. I love Lance, seems like such a great teacher. "If Shay can do it....I can do it too" 🔥🔥🧘♀️
This interview is so genuine. So much of insights. Really an eye opener. You both are brilliant👍
Shay and Lance are world class traders...due to their humility and proven track records--very Inspirational!
when heard these 2 gentlemen talking about trading and earlier when i heard lance talking about trading.. i really felt like this was a very up-level talk in trading world. completely different perspective.
Trading is easy. You must have both shares and cash on hand to trade one stock. So if price is up, you make profit with your shares. If price is down, you have money to buy a cheaper shares. From a 7-24 trader.
Im so excited for this, Lance is one of the best sources of knowledge for trading out there.
Great discussion, Shay! Great vid - Thank you! The question I have is: Lance discussed a data-driven approach and stated, "Successful trading involves developing hypotheses, testing them with data, and continuously refining strategies based on statistical evidence." Can anyone explain this topic? There is a lot of data to consider and analyze, and what kind of data should be collected and analyzed for price action? Volume? Etc.. I would appreciate it if anyone shed light on this for me. Thank you!
seriously. IQ plays a big part in this game. i know most wouldnt admit it.
I have never listened to anyone more helpful
That’s so true what Lance said at the end. Once I stopped looking at it as real money and started imagining it was demo money it got so much easier
I love listening to Lance's interviews and educational videos on SMB. Thank you for the great interview Shay
This is such a great channel! [This is the second time I've watched this episode, each time, I learn something new].
No stone left unturned, valuable content, thank you so much!
Bro this interview is amazing!!! So many gems for the ppl. Thank You!!!!
Lower Volume but till Gaining in the AI sector....* SOUN.. Up 3 % Thurs.. SoundHound.. Now 199 Institutional Investors..79 % Gross margins...* NVDA Up 1 %.. Nvidia...* BFRG...* BBAI...* IDAI....* GFAI and others. The New Bull market keeps charging ahead in Oct. Thumbs UP video / Comments.. Thanks.
Shay thank you so much. This is one of the most useful interviews you have done.
Lance is true legend
Time
-51 to -49 ❤
"Stocks Criteria". Thank you so much for this insightful interview. Such an great eye opener.
he talk from his heart without holding back
Hey Shay & Lance, this is one of the most meaningful "day trading" content with focuses that are outside of trading that will improve one's game in day trading - particularly loving the discussion on empowering women/women traders, working on mental/emotional self & ultimately the greater purpose of life in all that we do which is to be a part of helping make the world a better place for others. Thank you both for creating this.
Yes, that's accurate.
Here's a question: Can you point me to a good AI for trading?
Learned so much already halfway through, not just trading but also in anything.
I really liked the advise to check out the easiest trades of the day and what distinguishes them from the others. A great interview.
Insane talk. This was by far the best Ive ever heard.
Blessed and grateful for both of you🙏🏽💎 the value is immense
Stocks Criteria
I am on smb DNA program. I know a little of their processes. This video is one of the best I have seen.
Lance is so awesome. I've learned so much from him.
This interview was very helpful, good addition to your channel
Thank You Lance, and Shay! Appreciate Your time sharing knowledge and experiences. Means a lot for retail trader.
"Stock Criteria" Thank you Shay and Lance for the amazing interview.
So much value shared. Thanks Lance and Shay. 🎉❤
“Stock criteria”. Thank you for all the benefits we get from that video.