When You Should NOT be Afraid to Take Trading Risk
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- Опубликовано: 7 апр 2023
- Grab your spot at workshop: bit.ly/3Ugjwcp
LANCE ON TWITTER: / theonelanceb
#lancebreitstein #stockmarket #daytrading
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This channel is superb. As a relatively new investor, let me say the content is MUCH APPRECIATED, guys.
"Broken Slot Machines" - I love it! Great phrase.
Good grief, another quality bit of education, these guys never stop, compliments to SMB.
Yesssss!!!! Lance puts out a new video. Get your popcorn boys and turn up the fucking volume and listen in. Let’s Goooooooooooo!!!!!!!
Many! Many thanks! All your videos put the record straight! Aswell as helping you avoid making uneccessary costly and time consuming mistakes✅
I like the analogy to poker to manage the emotional risk. I also like that you use EV to look at trades.
Learning with 1 share is a good idea.
Here's another one:
I started my wife out with $100 in Robinhood with a promise to deposit the balance on each successive 10% growth until I could no longer do so. This increases her risk as experience is gained in a positive feedback loop. She's made 12%, so the new deposit brings the account to $224 and the next goal to $246.40. It takes 7 deposits to get over PDT like this assuming you can afford to make the deposits. This also means that the original $100 has seen +94.8% return. Getting to that first deposit was the hardest $12 she's ever made.
Once we get over our fears and nothing IS of-limits to us a traders,IT opens up a whole world of Areas to develop out a playbook....Particularly in spots where others Are scared to go!!!! This very important Sentance I liked! Thank you for video 🙏❤️
Thanks Lance I really needed to hear that!
Thanks for the video Bella and Lance!
I never understood why people keep saying volatility is risky. Finally someone is making sense! 🙂
Awesome video. Thank you 🙏🏼
Really helpful - thank you Lance/SMB!
Well said, "Fear and Greed" creates volatility and opportunity.
Great video! thx
You got me again Lance! …Volatility is where it’s at! Anything else is too f@&$kin slow and is a waste of time and capital! Learnt the hard way! Great video!
Big boy! 👍🙂
Amazing video as always 👏🙏
Thank you
Thanks sir
Are you located at New York, Albany?
Thanks Lance 🐐
love these lance videos
Thanks for the great content. One can never stop learning/refreshing
Love your UCONN shirt :) and that you were in CT
Gold to the end.
Great, great advice.
Lance, do you know people who daytrade index or crude futures profitably? Seems like those would rarely be considered broken slot machines...🎰
Good advice...I have a list of of tickers I've traded regularly over the past couple years, consisting of multiple industries/cap-size/offense-defense. I don't trade them every day, or even every week. The thing they have in common: a high ATR/Price ratio with big momentum swings in the past; Most of them average a >5% price range daily so a catalyst can easily make 10% moves in a day...In this stage 1 market when there are what I call "giddy bull days," or if one of them (or their industry) has a catalyst, I know there's the potential to catch 5+% moves as long as I'm paying attention.
UCONN in the house!
Lance looks similar to Mark facebook guy.
❤💪💛
I'll fly to NYC and work for free. Would love to be apart of the firm
Mike are you better trader than Lance? 😄
Lance are you better trader than Mike? 😁
Mike is the 👑🐐 trading coach
I’m the 👑🐐trader
We both win 😁
For Indian market I will do , trading in profitable way..