that part "eliminating the things that do not work instead of adding more and forcing trades" so true! I also started that mindset on my fx trading too and big difference! much knowledge working against me instead of with me! Keep making these! even if i fx trade they really are inspiring! thank you broh! And you have a great family, bless you! Peace!
Great video, nice to see videos about the reality and process. Gives confidence when starting with small trade size and your personal process for growth.
I would say it's the opposite of insipiring. I though you could start small and slowly over long periods of time build up. But all of these videos make it seem like you already need to be rich to participate. If i lost 4-6k in 4 months i would be completely screwed, living on the street. And i think that any common person would say the same. In my country the average salary is 1 - 1.5k Euros. So minus the "survival" costs and you're left with 300 - 750 in profit (if you live a cheap lifestyle). So you basically have to live cheap and earn at least 3k Euros. To not die in this business. .
How much did you begin trading with James? If you don’t mind. And what is your average size position? Last question how long did you paper trade before going full time? From a newbie. Tysm!
Hey A P, I started with a $30k account to bypass the pdt rule and only used $5k of that to trade with. I started with risking $50 per trade, no paper trading.
Congrats and yes this was very helpful. Like you said and your journals show, once you focused on keeping losses to a minimum, your P/L grew! Besides the $50 per trade loss limit, did you have a daily loss limit that you would stop trading for the day at?
@@jamesrichyoung thank you for this. I'm going to incorporate something similar as my red days are what's killing my profits and this clearly is the area I need to address. Hope to do this full time in the near future. Discipline in risk management and losses is 🗝️.
Hey Sasha, yes I do both long and shorts and yes I trade in a margin account. Transition meaning to real money? I only traded paper money until I got familiar with the platform and started real money with very little risk.
Hey James. Do you ever trade pre-market? Or are there any times that you have a "NO TRADING" policy such as during lunch? If so, what time is your "lunch" that you do not trade?
Hey DPop I have traded pre and post market before but I rarely do. It's not written in ink but I do try to stay away from entering new chart trades at lunch (9-10am pst) and the last half hour of the market. But I still scalp during those times.
Hi James thats great but ! trying to reduce how you loose what is the key? if you loose 1R each time you loose it cumulate un less you have a a specific plan to not loose more than 1R when you loose im interrest to understand what was you key action ! thanks
Hey Carl that comes with trade management. I look for trades that have the potential to make at least 2Rs, so I try my best to manage these trades to minimize the ones that aren't working, and maximize the ones that are.
Upgraded the sheet immediately by just turning off gridlines. What was your starting capital? I saw in another video you had about a $500k account size at the end of 2022, but what risk did that $50 represent? $50k? $5k?
Did you use leverage a lot or just non leverage amounts? Using leverage wrecked my account hard a couple of times so i went back to a cash account. Been doing much better
took me almost a year in the market to get a feel of the market. months of losses . being afraid to take trades. poor risk management. exiting to soon. finally may 2023 was my first profitable month. Withdrew some of the profit. may the momentum continue.
@@jamesrichyoung well bro i have subscribed but one request when you actuially make it plz consider this 1 where to get knowledge about trading for free as on youtube no one is fully exlaining stuff 2 can you directly start learning crypto as a beginner or you need to be a good stock trader first 3 how much time it takes to learn almost that much about trading that now you are ready to make profits 4 how muxh study a day is required 5 how much can a average trader make 6 courses channel books recommendation not for pychology because there is already plenty on it thanks you very much may for family stay happy
@@theliqhunter6315 Hey Legend, I think it'll be very difficult to try to learn everything for free on youtube. I think most of your questions can be answered in my "How I Became A Profitable Trader" video. As for crypto I don't trade it, but the technical analysis side should carry over well.
@@jamesrichyoung hey beast thanks for replying you really are awesome last ques - since you said its very hard to get it for free what are some reliable sources or courses you know are woth buying i dont have a lot but i can invest some for knowledge what should i buy to get my technical and stuff right and good
that part "eliminating the things that do not work instead of adding more and forcing trades" so true! I also started that mindset on my fx trading too and big difference! much knowledge working against me instead of with me! Keep making these! even if i fx trade they really are inspiring! thank you broh! And you have a great family, bless you! Peace!
Thanks for being so transparent in this video and now I don’t feel so bad every time I pay market tuition.
Thank you! Just remember it’s “tuition” only if you’re learning from it 👍
Great video, nice to see videos about the reality and process. Gives confidence when starting with small trade size and your personal process for growth.
Thanks James to share your learning experience. Well done man
Thanks Jacqueline!
Loved this video man, very inspiring! Some day I will make this a reality for me as well, one day at a time 💪
As always, wish you the best James.
I would say it's the opposite of insipiring. I though you could start small and slowly over long periods of time build up. But all of these videos make it seem like you already need to be rich to participate. If i lost 4-6k in 4 months i would be completely screwed, living on the street. And i think that any common person would say the same. In my country the average salary is 1 - 1.5k Euros. So minus the "survival" costs and you're left with 300 - 750 in profit (if you live a cheap lifestyle). So you basically have to live cheap and earn at least 3k Euros. To not die in this business.
.
@@sashka9399 then start with even less risk, risk 400-600 in 4 months :) but if you know how to trade, you can start with 100 $ and make 1k, then 10k.
This is something I’m working on as a new-ish trader: Less bad=more good. Thanks for the video!!
Hope it helps!
Appreciate the transparency keep up pushing out these type of contents
Thanks Thinh! Will do.
thanks for sharing and being transparent!
Thanks Chito!
I love your transparency!!
excellent, very few tubers are as transparent as you are. Good job.
Good stuff, James. Happy for your success.
Another great video, thank you.
This is awesome stuff. Wish I found it earlier. Please keep up the great videos.
Thanks Dennis! Will do
How much did you begin trading with James? If you don’t mind. And what is your average size position? Last question how long did you paper trade before going full time? From a newbie. Tysm!
Hey A P, I started with a $30k account to bypass the pdt rule and only used $5k of that to trade with. I started with risking $50 per trade, no paper trading.
transparency is key
Congrats and yes this was very helpful. Like you said and your journals show, once you focused on keeping losses to a minimum, your P/L grew! Besides the $50 per trade loss limit, did you have a daily loss limit that you would stop trading for the day at?
Thanks Bearded Disciple! Yes my daily loss limit is 5Rs but I rarely even let it get to 4Rs before shutting down.
@@jamesrichyoung thank you for this. I'm going to incorporate something similar as my red days are what's killing my profits and this clearly is the area I need to address. Hope to do this full time in the near future. Discipline in risk management and losses is 🗝️.
This was VERY helpful. To help manage expectations that in the beginning there will be bad months. And the future is not guaranteed.
So at what point in your trading journey that you knew you had what to take to make it.
Thanks for the video. Did you have a full-time job when you started trading?
Yes I was running my own business at the time
inspiring as always
Thank you 🙏
This year was like 🐢🐢🐢🐢
Hey James, what app or how did you make that trading sheets?
Is it hard to short big stocks on TOS ?
When are you coming out with your own course?
It may take some time but it is something I want to do 👍
So your winrate is like more than 95% ? am i getting it right?
No my winrate is probably closer to 65-70% but I try to let the winners run and cut my losers early.
You gonna get to a mil man. Really enjoying your videos for some reason. But not other traders vids.. mmm
Motivating
Do you do options or short?
Hey Terrance, I've messed with options before but stictly trade stocks now. And yes I short.
@@jamesrichyoung I want to get on your level bro
@@jamesrichyoung Hey James, Do you have a live trading vid that youve done?
@@boyb72 hey boyb all of my day in the life videos I do some live trading
@@terrancemcclendon456 I focus on trading gaps so I would start there. If you have any questions lmk, here to help!
wow
Can't trust someone who doesnt use dark theme in tos
Lol I used to use always use dark theme, but ever since I tried light I can't go back.
@@jamesrichyoung I’m sorry but once you go black u never go back
Lol 😂
James, what course would you recommend for who wants to start day trading? Someone like me that has no experience at all with day trading.
183k in 1 year, no working for somebody else, dammm, im hoping to do 20-40 k then scale up, my dream.
So this is all from just straight stock trading and not options, correct?
great motivation, thank you Rich
Very nice James. Thank you so much !!!
Can you tell what's your capital?
When you first stated to make profits Weekly did you trade both long & short? Did you have a margin account? When did you transition?
Hey Sasha, yes I do both long and shorts and yes I trade in a margin account. Transition meaning to real money? I only traded paper money until I got familiar with the platform and started real money with very little risk.
@@jamesrichyoungHi, how long did you paper trade before you felt comfortable?
Hey James. Do you ever trade pre-market? Or are there any times that you have a "NO TRADING" policy such as during lunch? If so, what time is your "lunch" that you do not trade?
Hey DPop I have traded pre and post market before but I rarely do. It's not written in ink but I do try to stay away from entering new chart trades at lunch (9-10am pst) and the last half hour of the market. But I still scalp during those times.
Hi James thats great but ! trying to reduce how you loose what is the key? if you loose 1R each time you loose it cumulate un less you have a a specific plan to not loose more than 1R when you loose im interrest to understand what was you key action ! thanks
Hey Carl that comes with trade management. I look for trades that have the potential to make at least 2Rs, so I try my best to manage these trades to minimize the ones that aren't working, and maximize the ones that are.
WOW! Thanks for sharing. I wanna be just like you when I grow up 😬🙌🏼 in all seriousness….congratulations that’s some PROGRESS
Thanks deleongirl! 🙏
How much your capital per trade?
I risk $500 per trade
excel accepts everything, show the truth of the profits
most important thing to remember is, EXPERIENCE TAKES TIME.
dang. thats inspiring, being more selective with my trades and eliminating the paper cuts is definitely something I need to work on. thank you sir.
Upgraded the sheet immediately by just turning off gridlines. What was your starting capital? I saw in another video you had about a $500k account size at the end of 2022, but what risk did that $50 represent? $50k? $5k?
James, does your long vs. short profits fluctuate with the market conditions or does TOS vs Etrade ratio serve as the proxy?
Did you use leverage a lot or just non leverage amounts? Using leverage wrecked my account hard a couple of times so i went back to a cash account. Been doing much better
What are the average number of trades a day? Win loss ratio? And average win loss amount?
That mention of "I traded to stop losing money" or something along those lines is $$$.
took me almost a year in the market to get a feel of the market. months of losses . being afraid to take trades. poor risk management. exiting to soon. finally may 2023 was my first profitable month. Withdrew some of the profit. may the momentum continue.
i dont paper trade. so every decision is crucial and it does actually improves my discipline to stick to my plan.
Do you have a paid mentorship. I would do it
I'm on year 4 and still not profitable: (
Which brokerages are free
Thanks James for sharing your first year experience and your current performance!!! Very insightful!!!
Thank you
CAN YOU MAKE A BEGINNIER TECHNIACL ANAYLISIS GUIDE
I have some ideas lined up so stay tuned!
@@jamesrichyoung well bro i have subscribed but one request when you actuially make it plz consider this
1 where to get knowledge about trading for free as on youtube no one is fully exlaining stuff
2 can you directly start learning crypto as a beginner or you need to be a good stock trader first
3 how much time it takes to learn almost that much about trading that now you are ready to make profits
4 how muxh study a day is required
5 how much can a average trader make
6 courses channel books recommendation not for pychology because there is already plenty on it
thanks you very much may for family stay happy
@@theliqhunter6315 Hey Legend, I think it'll be very difficult to try to learn everything for free on youtube. I think most of your questions can be answered in my "How I Became A Profitable Trader" video. As for crypto I don't trade it, but the technical analysis side should carry over well.
@@jamesrichyoung hey beast thanks for replying you really are awesome last ques - since you said its very hard to get it for free what are some reliable sources or courses you know are woth buying i dont have a lot but i can invest some for knowledge
what should i buy to get my technical and stuff right and good
@@theliqhunter6315 depends on what you're looking to trade. Feel free to dm me on ig and I'll try to help point you in the right direction.
I rmember the day I lost $9k got short squuezed. within 30mins span.
Have you ever made 9k in one day?
From what I’m hearing is year 3 is the year that people get control over emotions, strategies and become constantly profitable
Everyone's timeline will be different
Hello James do you a have a group chat like discord and Telegram?
hey Journey, no I don't but I do help moderate a trading room. You can dm me on ig if you're interested.