Veteran Wall Street Trader Reveals Strategies Used At Stock Exchanges
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- Опубликовано: 3 июн 2024
- Day Trading with Humbled Trader: bit.ly/yt20231022
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I’m visiting the NYSE today to meet a 40-year veteran floor trader. Over the last few decades, this trader worked at several major organizations, and witnessed the evolution of trading over the decades. Join me today to meet Richie Naso. You are going to learn about:
- How Richie Naso's career progress along with the evolution of trading
- The algorithms of the stock market
- What was a floor trader's daily routine at the stock exchange
- Trader psychology and discipline from a floor trader
- Should people invest or trade?
- The correct approach to start trading today
#tradingstrategy #stockmarket #wallstreetveteran #richienaso #smartmoney #daytrading #humbledtrader #stocks #livetrading #algotrading #priceaction #scalping #traderpsychology
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hi, lets make a deal.. i will give you 30,000 usd and then buy a car there in your country and send the car here in the philippines which i live. are you in?
isn't liquidity and volatility complete opposites?
Biggest lesson i learnt earlier the year in the stock market is that nobody knows what is going to happen next, so practice some humility and follow a strategy with a long term edge.
Uncertainty... it took me 5 years to stop trying to predict what bout to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.
@@TomD226 Do you mind sharing info on the adviser who assisted you?
@lowcostfresh2266 The adviser I'm in touch with is Laurel Dell Sroufe. You can use something else, for me her strategy works hence my result. she provides entry and exit point for the securities I focus on.
not true
That's boring though. Let's roll the dice BABY!!
As an ICT student, So glad to be on the right side and learning exact these concepts. Thanks to Michael!
thinking exactly this
Me too
He didn’t mention ICT, but he did mention ICT in principle!
the haters can't just accept that he is right😂
Right I’m sitting here like he sounds like ict
He just told everybody how the stock market works and has been on wall st for over 40 years and most people will do the opposite of what he is saying. I love seeing these interviews from trading veterans .
Exactly! Love the content! Good stuff!
He’s an Inner Circle Trader!
You realize how things get traded on the floor is different then the digital chart when it swapped over, right?
The pit and the screen and 2 different beasts
@@techt-125 of course ,but he uses charts now and Im sure from being in the pit he got a education in human behavior and how emotions work that skill can transfer to the screen
Facts
thanka michael for teaching us "that the algorithm control the markets" , ICT concepts work well
2:30 1965; high school graduate
6:30 Algorithms control the market
8:00 Trading style
10:10 Stay centered; don't be emotional
13:20 Manage your risk
14:30 *Single entry trades will kill you*
18:10 Trading vs investing
21:00 No getting rich quick
Thank you for saving me the pain of listening to this rubbish.
Thank you ICT for teaching us the secrets of the market!
ICT algorithmic concepts coincide with 40 years of experience as a trader on Wall Street.
That is what it is!! not MA or any fancy indicator
Big THX to Michael!
Chill Richie uses moving averages. 40yrs longer than ICT there is no one way D!ck rider
Everyone likes sucking the knob, huh
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.
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
that's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s the person guiding you
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
Really? I’ve actually been looking to switch to an advisor for a while now. Just never made up my mind. Any help pointing me to who your advisor is?
Finding financial advisors like Margaret Johnson Arndt who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Transfer of wealth usually occur during market crash, so the more stocks drop, the more I buy, in the meanwhile I'm just focused on making better investments and earning more as recession fear increases, apparently there are strategies to 3x gains in this present market cos I read of someone that pulled a profit of $350k within 6months, and it would really help if you could make a video covering these strategies.
sure there are loads of ways to make a killing right now, but such high-volume near impeccable tradess can only be carried out by real-time experts.
A colleague once proposed the idea of diversification to me, hopefully for positive results to offset any negative performance. At once, I backed it up using an advisor in order to avoid any fiasco. As of today, my portfolio has yielded over $450k in profits, from an initial $180k this year alone.
credits to LEILA SIMOES PINTO, one of the best portfolio manager;s out there. she;s well known, you should look her up
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
It's true, friend.
I'm smiling, so glad to be an ICT student ❤
Same
IN MY HEAD I WAS GOING ''OH MY OH MY MICHAEL''😁😁😁
Riche played the market for 40 years and very successful in it. Him sharing his thoughts about how the market roll is very enlightening
Buying an individual stock is a fair lnvestment but its performance level can’t generate high dividends. Diversification is the secret to optimal performance, that’s why I have my interest set on options based on projected growth and performance.
Good approach; diversifying is really key to finance growth. can you explain in full the lnvestment options you’re into, I’m curious•
When it comes to finance growth, it’s wrong to engage in a single option. I suggest diversifying your portfolio into various options with high performance coupled with the experience and aid of a finance Pro will generate bigger returns and balance volatility.
”Do not lay your eggs in one basket.” I engage on various options (real estate, real assets, index/mutual funds, ETFs, annuities, potential stocks and cry-pto, IDOs and many others) with the aid of my finance pro, and so far have acquired so much returns (amount is confidentiaI)
you should look her up
•IsabeIIe ChIoe Scott•
I must say that Richie is a nice guy, because he is telling us how he do it! Very nice interview!
🙌
Yes so what are some key points you learned?
Entry opposite to stop order!
@@AlanTrades Take it as you want. I liked the interview!
Spot on!
This is perhaps my fav episode, what a great guest, thank you so much for interviewing this person and sharing with us. What a great person
With Elon Musk as my trading mentor, I now consistently earn 30k a month.
Link :)
this is Exactly what Michael has been telling us all this years, thank you So much ICT, you changed my life
Ict is not better then supply and demand
who cares? whatever works for you best is what you should focus on@@thecommentjudgecharles1242
@@thecommentjudgecharles1242everything he is saying in the interview is actually exactly what ICT teaches 😂 🎉🎉🎉
@@thecommentjudgecharles1242guess you weren't paying attention.
@@CrackerJackMattexcept he has been trading like this before ICT was born
He just talked about MMBM and MMSM 7:56 . I’m still a newbie but this 2 models has greatly helped me understand where price is heading
Always appreciate your interviews 👍
ICT students can relate 😉
wow learned this from ICT too...
This was amazing! More of these please. Thank You.
I truly appreciate this interview. Thank you!
Thanks for another great interview. These are very informative from people that have been there in the market & understands its inter workings.
The most important learning from this interview for a day trader is :
1) Risk Management
2) Psychology
These 2 important parameters play a huge role to be a successful trader.
And don’t help much if you can’t trade the Algo machinations. The Algo controlling the market is #1.
The rest is necessary, but not sufficient.
@@wellnesspathforme6236 Exactly!
It's true, friend.
Yes, that's accurate.
Here's a question: Can you point me to a good AI for trading?
Wow this interview is gold
Absolutely love these interviews!
My first job was as an Options Analyst. My boss had a seat on the AMEX. This man speaks words of wisdom.
Thank you for everything you do, Shay
Thank you. Yet another amazing interview. Stay Blessed.
I don't usually watch your videos at all. But here, you have clearly outdone yourself. Fantastic, thank you!
more interviews like this plz, This was awesome and very educational
Stay tuned!
This is an incredible video, what great insight. thank you, both for this.
shay you are a blessing; thank you for this interview.
the knowledge he drop can be easily overlooked, but he definitely shared something profound.
Thanks Shay, been watching and loving your vids for a few years now and they still keep getting better!
Happy to hear that!
This interview is amazing, really good job!
Thanks!
Great video! Core principles and values right there, no BS! Thank you!
Excellent interview Humbled Trader. Thank you.
I have to say that this guy is gold! This is one of your best videos.
Thank you for sharing this interview. It would be great to find out from Rich what course he would recommend to us to acquire his skills.
Wow amazing insights thank you so much nothing like hearing a pro veteran trader telling you how the market works
that was pretty freaking cool!! thanks Shay and Richie!!! love hearing the down to earth wall street vets
Loved it. Thank you for sharing, Shay, Richie spitted facts and blessing to us. I love it.
Facts
You're locked in my boy!
Amazing interview..very insightful. Thank you Shay.. 👍
🙌
Thank you. Such a great interview
Another awesome interview! Thank you 🙏
Always love your videos, very interesting and great content 💯 Keep up the good work!
🙌
Can you tell me please what he mean by ""ALGORITHM CONTROL THE MARKET ""
...
DOES IT MEAN THAT DIFFERENT SOFTWARES CONTROL MARKET??
By far my favourite video on the stock market that I've ever seen! Great interview Shay. And thank you for the wisdom Richie.
Please have more floor trader videos! Thank you Humbled trader.
Thank you,
Very nice interview.
Hope we will having Richie again!!!😊
It’s always good to have a financial plan. I work with a licensed planner and fixed-income strategist in LA that helps me sort out these plans of investments
The 1% of rich people think of how to invest their money to increase their wealth during the recession. While 99% of struggling hard-luck people think of how to survive without food and daily necessities in the recession and the coming hyperinflation
My portfolio is made up of dividend etf’s, dividend stocks, growth stocks, it allows a bit more freedom in specific areas with help of an advisor CHRIS RYAN STEWART who I’ve been in touch with over the years before buying any stocks and it’s been working perfectly for me.
I am a dividend investor for the most part but I have bought Tesla stock a couple of times. However I have bought Tesla stock again and will hold for the long haul this time.
Great info, how can I get someone like that?…. I’m bombarded with the “don’t sit on it during the inflation, I wanted to jump in 8/22 and did nothing so far this year I think I need to get my feet wet
CHRIS RYAN STEWART
GOOGLE the name
oh my god! this man trades ICT
Thank you for this interview. This just encouraged me to keep learning.
great interview and what a down to earth guy,,, told you. straight and how it is,.,,.
By far the your best interview. Need more from him.
really appreciate the interviews with the veterans. it's nice to hear perspective from those who don't have ego in the way. thank you
Our pleasure!
This is literally what ICT teaches.
For real. Every one is copying ICT now-a-days. It's pathetic.
bro this is literally an institutional trader..@@mikeprovost
@mikeprovost I wouldn't say they're copying ICT, there are so many others that have figured this out as well.
@@bigtiny0 yup he didn't invent the wheel
@@mikeprovosthow pathetic of them making money using mechanical trading strategy
Great interview.. thank you😊😊
More of such people please Shay.. You are doing an awesome job!! Appreciate your efforts.. Thanks..🙏🏻
00:05 Algorithms control the stock market.
02:24 Built up trading volume to 30% and executed largest order of 10 million shares.
04:51 Algorithms control the stock market.
07:12 Algorithms create liquidity and volatility to move fractions of the market.
09:26 Futures markets provide liquidity and are essential for stock market dynamics.
11:33 Manage your risk effectively.
13:48 Understanding your risk tolerance and trading with a diversified approach.
16:10 Spread out your entries and trail your profits to make riskless trades.
18:02 Day trading is the way to be in this volatile market.
20:00 Day trading in the current market environment is a way to keep the capital moving.
10:31 Psychology
00:00 learn how to cheat the cheaters!
what is the meaning of "algorithms control the stock market" ? what does he mean by that? 🤔🤔
It means when you buy of your correct support its not an Institutional trader like godan Gekko saying "I want the whole floor to buy this stock" Rather there is an Algorithim Particularly HFT Algo that is delivering Buyside Upwards @@feduntu
With a 40years experience, he just told everybody how the stock market works. Most people will still do the opposite of what he is saying lol. This is so enlightening to watch. So much love your teaching style. So easy to understand. Although I already accepted that I'm not cut out for this level of analysis and should leave it to the pros. Do you ever trade for others? I'm interested
Yes, indeed.
A question: Can you recommend a good AI for trading?
The ultimate AI trading tool goes by the name of
aihihouse
I found it using
Excellent interview, thanks for sharing 😊
Such a great video. Packed with valuable information. LITERAL GOLD. Keep it up just earned yourself a loyal subscriber
Great interview. I love his enthusiasm even after all the years and changes to trading. Would love to learn more from him.
It's true, friend.
He basically is confirming ICT
Literally
100❤
ICT aka I Can't Trade
@@stiffdogg06here’s the liquidity 😂 🐢 🍜
@@CrackerJackMatt😂😂😂
much love for this type of content really great !
Awesome interview Shay, thank you so much for sharing.🙏 Great Job.🙂👍
Shay, great job as usual. Thanks for interviewing these key players who are willing to share so much with you and your subscribers. I am learning a great deal!!
I learned about trading from Elon Musk, and now I'm making $30,000 a month. 🤑
It's true, friend.
It's true, friend.
It's true, friend.
It's true, friend.
Where are my fellow ICT disciples at?! Now let the haters come tell this veteran, how the market works lol
Seems like a great guy, and lots of words of wisdom in this.
Absolutely amazing interview
This guy knows his stuff.
Algorithms run the markets!
Rich - very nice interview for the little people
Hi Shay! This is best interview you have made in my opinion. i love the postcad interviews you being doing
They dont target individual stop losses. They target the largest order marks. And where they can keep people from making options profit.
I'm gonna go with the 20 year veteran on this one
ICT traders seeing this 😊😊😊😊
😅😅😅 that's the thought
Thanks both
Fantastic interview and guest. Love it! Thanks
Glad you enjoyed it!
As a newbie about to invest, you most have this four things in mind!
1. Have a long-term mindset.
2. Be willing to take risk.
3. Be careful of money usage, if you're not spending to earn back, please stop spending.
4. Never claim to know: Ask questions and it's best you work with a financial advisor. I made it as newbie by working with Miss NORA and today I can show alot of my achievement.
wow, you too know her,? I'm surprised that this name is been mentioned here. I thought I'm the only one trading with her. I got in touched with her early this year and I'm actually marveling over the great achievement already.
I recommend her to any one who's ready to trade and make good profit.
Whass app
+1513
348
I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $450k gains with months, I'm really just confused at this point.
A solid strategy can be a key component of an investor’s portfolio. Well, the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one.
There are a lot of independent advisors you might look into. But i work with Carol Pasol Lewis and I have been working together for nearly four years, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her.
thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I wrote her pertaining my financial goals.
VWAP (session) & Anchored VWAP (monthly/weekly), S/R, follow trend premium & discount. Follow the algo to the liquidity.
A great interview love it good job
I must say this man just drop a golden comet how the market works
If the market is control by algorithms there must be a human who program or code it did anyone ever think about that.
I thought folks knew this from decades ago when hfts became popular and brokers were putting their compute servers near high bandwidth pipes to get an edge. There was a big case where Goldman Sachs sued a former employee for copying "proprietary" code.
Edit: another algorithm predicted the housing crash leading folks to short the market before it happened making a killing off the crash.
Epic, Thank You! I needed this.
What is the best way to profit from the current market, meanwhile I'm still undecided about investing $400k in my stock portfolio to get some dvidends and minimize risk
Yes true, I have been in touch with a financial advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
There are a lot of independent advisors you might look into. But i work with Nicole Desiree Simon , and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
So ICT was right after all ha.. 😂 Algorithm..
😅😅😅
Incredible nuggets of wisdom! Thanks so much for sharing!
oh god this channel is gold... from the legends mouth it is...
As an ICT student I can confirm: the markets are RIGGED. And there are people who still believe in buying&selling pressure… unfortunately. Wake up, folks… nothing is random in this markets LOL
Sounds like ICT was right about algorithms and also about liquidity sweeps.
Of course he is. I mean he is the only RUclips trader that teaches with logic. He gives reasons why he takes a trade or not. All of his models work, you just have to avoid information overload and pick the right model for you. I have become profitable because of my determination and ICT. I use 3 of his models. One Setup for life, Advanced Theory in Breakers, and MaDuce. Those show me where liquidity is so I can target them.
@@TakingShapeCreationsit looks like you don't understand the the clearing process .
@@paulnyagini Well I am still learning. However I just mark out the highs and lows in my zones on the 5m chart, 1:30pm to 4pm, 2am-5am, look for setups around 10am and 1:30pm. It's working for me so far. But please explain more about the clearing process.
@@TakingShapeCreations looks like RUclips deleted my comment on how I try to explain the clearing process in away you will understand. 🙆
@@paulnyagini Is there something you could point me to to read up on it?
Thank you so much great interview
What an informative and a charming man.
ICT Traders be like 😏
Yeaaa, ma man learned from the Master
@@proxd3980😂 you ICT guys will always make me laugh. He was not speaking ICT ?????
Right now, ICT's haters are the biggest clowns ever😅😅😅
True
Great interview as always.. He gave tons of incite. Much enjoyed 🔥
How cool was that….. thanks so much to Rich for sharing and taking the time to provide us with so many “golden nuggets” it’s truly appreciated❤ tyShay
Haha this guy knows some ICT trading style
Or ICT knows some of his trading style he has been doing it way longer than ict
ICT for the win. Changing lives.
😂 😂😂😂😂 ICT. I don't think he was speaking ICT
You're correct, this is absolutely what ICT teaches, for those that don't know, it's all about open and close settlement prices and where those occur. In a discount and we go up, in a premium we go down. It's all algorithmic price delivery set to scripts.
@paulnyagini idiots won't get what ICT teaches, those of us that did are making real profit every day.
ICT :)
ICT is a joke
Shay you are killing it! Congratulations 🎉
You need this guy on more. He’s the best
No doubt it's all algorithmic. I'd say given this high volatility, wouldn't it be prudent to create a portfolio based on someone else's successful model? I've achieved a remarkable 21% ($130k) return in just four months via the model portfolio approach without entrusting my funds to anyone for management.
My portfolio is not looking so good, and I believe it could perform better. Whose portfolio do you copy?
I work with Lauren Marie Dale. She has shown expertise at its best. Smart diversification, risk management. Yet I only have to copy this automatically in real time using algorithmic trading system. I don't hand funds over.
Well, despite the wild market since 2022, I'm content with the reassuring results. She charges 10% of only profit as performance fee. Don't get burned, mate. Get a help if you have to. Schedule a phone call.
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