00:02 Dynamic bet sizing is a crucial skill for consistent trading success. 02:25 Analyzing Tesla play with Dynam DC bet sizing 07:07 Preparation and visualization in trading 09:08 Calculating expectation value for high potential trades 13:25 Using risk units for effective trading 15:49 Maintain perspective by measuring losses in terms of risk units 19:49 Identifying A+ setup for trading success 21:52 Adjusting stop loss based on trade setup quality and risk control 26:05 Understanding Expected Value in Trades 27:59 Adding risk in stages for better trade management 32:13 Calculating EV for trading success 34:15 Properly sizing trades is key to successful trading.
Woah for real? I'm so excited. Sonia Campbell strategy has normalised winning trades for me also. and it's a huge milestone for me looking back to how it all started...
Sonia Campbell 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 Sonia campbell.
Sonia Campbell concept is key in beating all odds to excel in this form of online commodity. Her management team is quite impressive so far! With SUK made a profit of over 28,863 dollar
Something i learned you first should calculate your máximum risk for the mont por for your account, then you calculte how many trades your strategy shows you on a week , an then div your maximun risk with your trading days and thats a daily maximun risk, and it works perfect.
Garrett Thank you ! I was just going over this as I did not take advantage and size appropriately for a few big trades I had in June. Definitely a big part of trading success imo
Fantastic Playbook, thank you very much Jen and Garrett, I really hope to see more of Jen's playbooks. In fact , seeing her really absorbing all of Garretts feedback, based on her body language, it wouldn't be surprising seeing her really crush it. 🙂
Great opportunity. Great catalyst. Smart girl too. What really troubles me is the "I'm risking 2 cents on a $240 stock". What's the ATR on TSLA? It must be above $10! So how is possible to risk only 2 cents?
They talk about it earlier in the video. It was having a tough time punching through $240 for a few days then suddenly the sell orders at $240 disappeared and the next highest were roughly 20 cents higher. This sudden jump signaled a further entry point on a retest of $240 which it did later that day. The thing they do not cover in detail is the size of the order book which would have proven all the resistance at $240 and confirmed a good entry.
2cts below the low of the candle, not 2cts below her entry price (which given the spread would be stopped out immediately). She was betting PA wouldn't come back to her risk window and it didn't .
Buy low, set stop, sell high, use last profit for next trade to quickly compound, rinse and repeat till your account number grows. Save back some for taxes and a long term ETF fund like QQQ or SCHD for safety to fall back on. Keep 4-8 trades going at once. Don’t get stuck in the red. Stick to high volume stocks for more safety
Great recap video! It's always good to see how newer traders pick up on those nuances, and I'm glad to see Jenn getting it. I would have liked to see the tape action that gave them the extra confidence. Thanks for these videos.
hey garrett, the risk unit concept is definitely super helpful to detach the psyche from p&l a bit more and stay focused thank you! would you let me know how are the probabilities for the EV formulas calculated? backtesting? what kind of software do you use for that? i do find that the variables for backtesting a play like this are so oddly specific, i dont know if theres a programm for that where you can really code those variables, thanks a lot!
you’re welcome we use python to code our data analysis tools and algo programs and we have aproprietary platform for algorithms we can find win rates and average gain loss from backtesting which comprise EV and discretionarily this calculation will be more conceptual based on confidence level and where you think it can go
Great questions and very insightful! just wondering if the specific trader or SMB capital prefer enter before the break out of the structure or wait for the retest of the breakout before entering a trade?
What's the ideal way to understand the probability of a strategy? Should we collect the data overtime to get the probability or is there a better way to collect the data through automations?
dynamic bet sizing assumes that you know the outcome. According to Mark Douglas, we don't know, so why would you want to use different bet sizes? If the argument is that we having A, B and C quality of trades then my question is, why would you want to trade low probability B and C trades in the first place?
some trades are superstar trades and they don’t come around every day other trades though not as huge in terms of opportunity level still have solid risk reward and show up much more often there is something to be said for a larger trade frequency over time - another way to make a lot of money but of course you need edge in either to trade them and if you have a system where you don’t/can’t differentiate between trade quality, and it’s a binary trade/no trade, then yes it can make sense to size everything evenly but i encourage traders to put the work in to differentiate a solid trade from a superstar trade and i completely agree in the end, from this work, we often find it’s not even worth taking B trades ever great question
would you bet the same on pocket Aces and 2 3 off-suit pre--flop at a poker table? I do agree though a C trade is often not worth taking. id rather not babysit a crappy position, and instead focus on scaling up the trades that have the highest rate of success in my system.
well if you treated your daily stop as a single trade for example, id say you'd want to aim for 2-3x your stop at minimum. Because logically if your stop/risk is 1R, then your reward should be 2R minimum, but better if 3 or 4R. Now its not sustainable everyday, but again treat it like a trade, average winning probability 60% for example. So in a week you'd have on avg 6-9R up, and 2R down (3 winning days, 2 losing days) netting you 4-7R weekly.
This is correct important technical news seriously changes sentiment. Look at AMD, it was at $3 and then the Ryzen chips were announced that paralleled with Intel's multithreading capability it went up to $150+ before the chip scarcity started.
Would it be possible to do a similar video using long options? Or is there a reason the desk focuses exclusively on equity and credit spreads? At least the material presented on youtube. If the content would be too complicated i understand that as well. Just curious why long options trades arent often presented
That's all I ever trade. When the trade was entered on the break of 240, I would have simply bought a 240 or 242.5 call option and managed it the same way as if you were buying the equity itself.
@@Jeff-xy7fv okay so why do you choose a 50 delta rather than a 75 or 25? Is there liquidity restraints? How do you go about navigating slippage and expected value? Would you spread for any reason or run something more complex than an outright long? How would you hedge if you had a longer duration thesis? Not even trying to be a dickhole just asking from a serious prop perspective
@@anyfoolcanknow A 75 delta would be unnecessarily expensive (putting more money in the trade than needed). Also, I would lose more if the stock went against me than I would on a 40 or 50 delta option. Remember that if the stock moves in your favor, the delta will increase as it does. This is what the gamma does. I don't typically enter trades with 25 deltas; that's a bit low for me.
@@Jeff-xy7fv what's your typical R on these set ups? 0dte in the indexes I've been buying otm strikes 50-75% out of 1D ATR. Generally yielding 4R at target. Weeklys are a little different obviously but building one play at a time.
@@anyfoolcanknow I try to stick to under $150 risk per trade. I trade mostly calls and puts on big names on the move (AAPL, TSLA, MSFT, NVDA, etc). They have options with narrow spreads, so a lot of liquidity. Options are reasonably priced for the deltas I'm looking for. I use current-week options for day trades.
one big hidden trading key YOU ALL are missing is the market maker weekly/daily cycles. probably dont even know what a signal/trigger day is but yet you rub shoulders, at least location wise, with the people operating some of these well engineered charts. if you dont know about them , i truly believe your ONLY profitable off the backs of the hardworking individuals you employ. def not from your personal trading am i right Jeff? sometimes it boils down to, would you rather the Captain who earned the captain title via books/colllege? or the Captain who earned it n the battlefield. not everyone has a dazzling resume. and if you just go based on that and not your own intuition, your company will continue to stay where its at.
You should also let people know more clearly about the risks involved in the strategies you teach. I traded the 0 DTE on SPY selling iron condors, and yesterday my put short reached ITM with a few cents, and since I couldn't do anything about it after 4PM I was assigned the shares, and the put debit was still OTM so it wasn't exercised, and during the night when the stock price fell there was nothing I could do until the morning when I had to close the position in a loss. Way Bigger then the spread I risked. Maybe you have an idea how that could be resolved?
i never leave options trades on through expiration especially if close to the strike price or unless i WANT to get assigned always take them off if there is risk of getting assigned
I envy you man, I am 3 years into the market but I am barely breaking even, I put in over a hundred K and eve since then my portfolio has been a complete mess. Any ideas on how to safely go about it while keeping risk mitigated???
There is really is no secret to trading, I am opportune to have a pro show me the ropes and I've come to find out that a lot of what these professionals excel at is pattern recognition. The more experience you have the more you are likely to notice all these nuances that an amateur don't stand a chance at noticing
That make sense I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?
Sure Julia, you can do your due diligence on Lina Dineikiene, the lady's been around for a while and really does a great job advising about the market. A simple search with her name should suffice
Why not cents? The ATR translates to cents anyhow. These guys trade on a 1-MIN or 2-MIN chart. On slow days, TSLA ATR on the 1-MIN chart is only .20 to .50 cents.
it all depends on the setup we use intraday ATRs or ADRs in algos we adjust our trading to volatility but when you have a clear price level to trade against why not do that?
I think a general rule of thumb I'm going to use for investing is, when it comes to earnings, I'm going to set my stop-loss very close to the price of closing. I didn't lose any on TSLA, but had I been "invested", wholly cow.
This is why day trading is nice because if you have the time and patience, you only take the best moves of the stock. You're never affected by any of the volatility that comes after a stock is in a topping formation.
@@dooleyh158 Agreed. I wish I had more money yesterday to take more positions. So many stocks gaining nice and slowly the first 70% of the session. Thing is with day trading though, is not to put all your money in that basket. I'm at 30%. Another 40% of my portfolio is in ETFs, which I only buy and sell at best on a weekly basis. The last 30% is in longer term ETFs that are only traded at best every month or so. Though, having said that, in this volatile arena currently, I'll probably be doing more with all my ETFs, trying to avoid any losses. What I don't want to do is have to work with all my money in day trading. Risk is too high and yes, gains can be great, but I'm still too new to say, I can confidently work with my capital in full and it be "fairly safe". I also see my portfolio as three golden geese. The first is my financial protection. It's enough money for me to live for 2 years, if all else fails. The next (the 40%) is my financial security. If it can fill the first with enough money that the 2 years goes for ever, I don't have to work. The third is financial freedom. If the trading can fill the second goose and the second can fill the third where I can get things I've dreamed of having, that's when the game plan has worked out. I'm not there yet, but I also just started about 5 months ago and TBH, I'm at a loss currently with my day trading funds. However, I've had a 60% win rate over the last two weeks, despite all this volatility and I intend to improve on that. 😊
@@andym5663 if there is a trade setup there is a trade, if there is no trade setup there is no trade. Some strategies have a higher trade frequency, some have lower trade frequencies. it’s up to the strategy and the trader and the environment
Can somebody explain to me how Tesla RVOL is 3.6 as shown in the '03:17', I really want to start using RVOL in my trading, but I am not sure the math behind it.
There are many factors to consider when making a successful investment, and I'd be happy to offer some guidance. Can you tell me a bit more about your current experience and knowledge level in crypto trading? That way, I can provide more specific advice
I have had a bad experience of losing a lot of money because I had no idea how the market works. That's why I am looking for a crypto broker to help me out with a good strategy
I'm so sorry to hear about your previous experience with crypto trading. It's understandable to feel hesitant after losing money, and it's important to be cautious when making investments. I'd be happy to share some advice and resources with you, which I can't guarantee success and profits. Investing in crypto and real estate have been helping me a lot in my life.
Disappointed on the word 'bet' being used ... that's synonymous with gambling i.e. horse racing. Surely, given the professionalism of SMB, it should be 'position' or 'contract' size i.e. going into a market having done due diligence to either buy or sell, not just 'bet' which is just a punt on getting it right.
Businesses take gambles all the time. I get that it’s semantics but imo it shouldn’t matter in the grand scheme of things. I get where you’re coming from though
SMB Trading Workshop (free): bit.ly/3zWo8yi
SMB Scalping Workshop (free): bit.ly/46A19W9
Garrett on X: twitter.com/GarrettDrinon
I'm not sure i know why, but this is one of the most enjoyable SMB videos I've watched. ❤ 😊
00:02 Dynamic bet sizing is a crucial skill for consistent trading success.
02:25 Analyzing Tesla play with Dynam DC bet sizing
07:07 Preparation and visualization in trading
09:08 Calculating expectation value for high potential trades
13:25 Using risk units for effective trading
15:49 Maintain perspective by measuring losses in terms of risk units
19:49 Identifying A+ setup for trading success
21:52 Adjusting stop loss based on trade setup quality and risk control
26:05 Understanding Expected Value in Trades
27:59 Adding risk in stages for better trade management
32:13 Calculating EV for trading success
34:15 Properly sizing trades is key to successful trading.
thank you very much, you save my time
SIzing up at the right time and at the right pace is the key to trading success, but only after you find your edge using indicators and setup
Reached 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??
Woah for real? I'm so excited. Sonia Campbell strategy has normalised winning trades for me also. and it's a huge milestone for me looking back to how it all started...
Sonia Campbell 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 Sonia campbell.
Sonia Campbell concept is key in beating all odds to excel in this form of online commodity. Her management team is quite impressive so far! With SUK made a profit of over 28,863 dollar
I have watched many of your videos, I am huge fan of the lessons your team shares. This has got to be the best explanation of how to size my trades.
so glad you got something out of it
@SMB capital you are changing lives. God bless you and your team @Mike.
lol
Garrett is way too nice for whatever reason
He always that way. . .
maybe i’ll try being more of a jerk
looks like he just had a sneaky blunt and he's trying to hide that he finds everything funny
@@garrettdrinon😂😂😂🙌🏽🙌🏽🙌🏽
Garrett is like that nice encouraging older brother/cousin in your corner rooting you on ❤
Truly enjoyed this discussion!! Seriously, such an under discussed topic!
Something i learned you first should calculate your máximum risk for the mont por for your account, then you calculte how many trades your strategy shows you on a week , an then div your maximun risk with your trading days and thats a daily maximun risk, and it works perfect.
That's a good idea, for sure... assuming someone is somewhat systematic and not insanely discretionary.
Great review. Thank you, Jen & Garret.
you are welcome
Garrett Thank you ! I was just going over this as I did not take advantage and size appropriately for a few big trades I had in June. Definitely a big part of trading success imo
you are welcome
Fantastic Playbook, thank you very much Jen and Garrett, I really hope to see more of Jen's playbooks. In fact , seeing her really absorbing all of Garretts feedback, based on her body language, it wouldn't be surprising seeing her really crush it. 🙂
Great opportunity. Great catalyst. Smart girl too. What really troubles me is the "I'm risking 2 cents on a $240 stock". What's the ATR on TSLA? It must be above $10! So how is possible to risk only 2 cents?
They talk about it earlier in the video. It was having a tough time punching through $240 for a few days then suddenly the sell orders at $240 disappeared and the next highest were roughly 20 cents higher. This sudden jump signaled a further entry point on a retest of $240 which it did later that day. The thing they do not cover in detail is the size of the order book which would have proven all the resistance at $240 and confirmed a good entry.
2cts below the low of the candle, not 2cts below her entry price (which given the spread would be stopped out immediately). She was betting PA wouldn't come back to her risk window and it didn't .
It’s videos like this that make me want to journal my trades and learn more of the different variables that go into each trade.
Buy low, set stop, sell high, use last profit for next trade to quickly compound, rinse and repeat till your account number grows. Save back some for taxes and a long term ETF fund like QQQ or SCHD for safety to fall back on. Keep 4-8 trades going at once. Don’t get stuck in the red. Stick to high volume stocks for more safety
Great recap video! It's always good to see how newer traders pick up on those nuances, and I'm glad to see Jenn getting it. I would have liked to see the tape action that gave them the extra confidence. Thanks for these videos.
Thank you for the great content. I hadn't exactly thought in terms of risk units before, but that's a great help.
glad you enjoyed
Literally THE BEST trading video on the internet
SMB capital are not trading CFD. Many imagine they are, as CFD at retail is all they have heard of.
hey garrett, the risk unit concept is definitely super helpful to detach the psyche from p&l a bit more and stay focused thank you!
would you let me know how are the probabilities for the EV formulas calculated? backtesting? what kind of software do you use for that? i do find that the variables for backtesting a play like this are so oddly specific, i dont know if theres a programm for that where you can really code those variables, thanks a lot!
you’re welcome
we use python to code our data analysis tools and algo programs and we have aproprietary platform for algorithms
we can find win rates and average gain loss from backtesting which comprise EV
and discretionarily this calculation will be more conceptual based on confidence level and where you think it can go
Great video! I'm remember you talking about this trade in one of the inside access meetings! Awesome to see in this video!
Very good explanation and a direct way of viewing a trade
glad you liked it
26:54 The Concept of EV Expansion as the play progresses is quite novel and makes perfect sense!
Great questions and very insightful! just wondering if the specific trader or SMB capital prefer enter before the break out of the structure or wait for the retest of the breakout before entering a trade?
Ohh...This is Awesome!!! Seeing them back and forth discuss this trade in Real time..Thnx.
you’re welcome
Yes, I do this. I didn’t want to cut some subpar stocks I’m holding and only bought 1800 shares if HE which doubled in a few days.
Really great work. Please more vids on sizing! Thank you
glad you enjoyed that one, we’ll definitely cover more on risk in the future
What's the ideal way to understand the probability of a strategy? Should we collect the data overtime to get the probability or is there a better way to collect the data through automations?
backtesting or studying your own past results and data for each setup and playbook
dynamic bet sizing assumes that you know the outcome. According to Mark Douglas, we don't know, so why would you want to use different bet sizes? If the argument is that we having A, B and C quality of trades then my question is, why would you want to trade low probability B and C trades in the first place?
some trades are superstar trades and they don’t come around every day
other trades though not as huge in terms of opportunity level still have solid risk reward and show up much more often
there is something to be said for a larger trade frequency over time - another way to make a lot of money
but of course you need edge in either to trade them
and if you have a system where you don’t/can’t differentiate between trade quality, and it’s a binary trade/no trade, then yes it can make sense to size everything evenly
but i encourage traders to put the work in to differentiate a solid trade from a superstar trade
and i completely agree in the end, from this work, we often find it’s not even worth taking B trades ever
great question
would you bet the same on pocket Aces and 2 3 off-suit pre--flop at a poker table? I do agree though a C trade is often not worth taking. id rather not babysit a crappy position, and instead focus on scaling up the trades that have the highest rate of success in my system.
Awesome content!
What would be a reasonable percentage of a daily stop that a consistently profitable trader could make on an average day (as a goal)?
totally depends on the kind of day, it varies a lot
well if you treated your daily stop as a single trade for example, id say you'd want to aim for 2-3x your stop at minimum.
Because logically if your stop/risk is 1R, then your reward should be 2R minimum, but better if 3 or 4R.
Now its not sustainable everyday, but again treat it like a trade, average winning probability 60% for example.
So in a week you'd have on avg 6-9R up, and 2R down (3 winning days, 2 losing days) netting you 4-7R weekly.
This is correct important technical news seriously changes sentiment. Look at AMD, it was at $3 and then the Ryzen chips were announced that paralleled with Intel's multithreading capability it went up to $150+ before the chip scarcity started.
Great job on the review,thanks for posting.
you’re welcome
you’re welcome
Is there a SMB video of a trader going through their actual trades/ setups to categorize A vs B vs C and why? Thx
Would it be possible to do a similar video using long options? Or is there a reason the desk focuses exclusively on equity and credit spreads? At least the material presented on youtube. If the content would be too complicated i understand that as well. Just curious why long options trades arent often presented
That's all I ever trade. When the trade was entered on the break of 240, I would have simply bought a 240 or 242.5 call option and managed it the same way as if you were buying the equity itself.
@@Jeff-xy7fv okay so why do you choose a 50 delta rather than a 75 or 25? Is there liquidity restraints? How do you go about navigating slippage and expected value? Would you spread for any reason or run something more complex than an outright long? How would you hedge if you had a longer duration thesis? Not even trying to be a dickhole just asking from a serious prop perspective
@@anyfoolcanknow A 75 delta would be unnecessarily expensive (putting more money in the trade than needed). Also, I would lose more if the stock went against me than I would on a 40 or 50 delta option. Remember that if the stock moves in your favor, the delta will increase as it does. This is what the gamma does. I don't typically enter trades with 25 deltas; that's a bit low for me.
@@Jeff-xy7fv what's your typical R on these set ups? 0dte in the indexes I've been buying otm strikes 50-75% out of 1D ATR. Generally yielding 4R at target. Weeklys are a little different obviously but building one play at a time.
@@anyfoolcanknow I try to stick to under $150 risk per trade. I trade mostly calls and puts on big names on the move (AAPL, TSLA, MSFT, NVDA, etc). They have options with narrow spreads, so a lot of liquidity. Options are reasonably priced for the deltas I'm looking for. I use current-week options for day trades.
I have learned so much from this video. Thank you
Good to see a female in these videos, Excellent content but usually a sausage fest nonetheless.
agree
Trade indices please. (futures)
one big hidden trading key YOU ALL are missing is the market maker weekly/daily cycles. probably dont even know what a signal/trigger day is but yet you rub shoulders, at least location wise, with the people operating some of these well engineered charts.
if you dont know about them , i truly believe your ONLY profitable off the backs of the hardworking individuals you employ. def not from your personal trading am i right Jeff?
sometimes it boils down to, would you rather the Captain who earned the captain title via books/colllege? or the Captain who earned it n the battlefield.
not everyone has a dazzling resume. and if you just go based on that and not your own intuition, your company will continue to stay where its at.
Could you give some actionable trading training on this? I only have a ged but make 400k w2 and 1% a wk on cap. (a person like me works harder.)
You should also let people know more clearly about the risks involved in the strategies you teach.
I traded the 0 DTE on SPY selling iron condors, and yesterday my put short reached ITM with a few cents, and since I couldn't do anything about it after 4PM I was assigned the shares, and the put debit was still OTM so it wasn't exercised, and during the night when the stock price fell there was nothing I could do until the morning when I had to close the position in a loss. Way Bigger then the spread I risked.
Maybe you have an idea how that could be resolved?
@smbcapital30 hello
@smbcapital30 I can't figure out how.
Sorry
😢
Don't Sell options. Move to Futures. Much more fair system.
i never leave options trades on through expiration especially if close to the strike price
or unless i WANT to get assigned
always take them off if there is risk of getting assigned
Just had my 10th withdrawal! I can't tell you how glad I am that I got introduced to it last year.
Awesome!! That's great! Someday I hope to scoring winning trades like you
I envy you man, I am 3 years into the market but I am barely breaking even, I put in over a hundred K and eve since then my portfolio has been a complete mess. Any ideas on how to safely go about it while keeping risk mitigated???
There is really is no secret to trading, I am opportune to have a pro show me the ropes and I've come to find out that a lot of what these professionals excel at is pattern recognition. The more experience you have the more you are likely to notice all these nuances that an amateur don't stand a chance at noticing
That make sense I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?
Sure Julia, you can do your due diligence on Lina Dineikiene, the lady's been around for a while and really does a great job advising about the market. A simple search with her name should suffice
My risk manager is my wife.
and that's why I'm almost 40 and not married, haha!
Great conversation
good content here and nice to see a female trader feature in this episode.
amazing trade, nice and tight then bb top breakout
Do you accept international traders ??
Did this come up on the Scalp Radar?
I generally find that the 15 minutes delay gives the SMB traders a head start…. Had I known that I would not have spent the $2,000…..
How one calculates that there was a 90% of the trade working? Can someone explain?
backtest
backtest or studying your own trading
Is it really possible to trade without an indicator or is it bs from some RUclips traders?
sizing is the key...
Regarding stops, why do you guys use cents, vs. % of ADR or ATR to reflect volatility and price amount l?
Why not cents? The ATR translates to cents anyhow. These guys trade on a 1-MIN or 2-MIN chart. On slow days, TSLA ATR on the 1-MIN chart is only .20 to .50 cents.
it all depends on the setup
we use intraday ATRs or ADRs in algos
we adjust our trading to volatility
but when you have a clear price level to trade against why not do that?
@@garrettdrinon makes sense. I always think like an algo, that is why I thought it should be relative to adr
And then TSLA drops like a searing hot rock too. The sword of trading is always double edged (pun definitely not intended).
I think a general rule of thumb I'm going to use for investing is, when it comes to earnings, I'm going to set my stop-loss very close to the price of closing. I didn't lose any on TSLA, but had I been "invested", wholly cow.
This is why day trading is nice because if you have the time and patience, you only take the best moves of the stock. You're never affected by any of the volatility that comes after a stock is in a topping formation.
@@dooleyh158 Agreed. I wish I had more money yesterday to take more positions. So many stocks gaining nice and slowly the first 70% of the session.
Thing is with day trading though, is not to put all your money in that basket. I'm at 30%. Another 40% of my portfolio is in ETFs, which I only buy and sell at best on a weekly basis. The last 30% is in longer term ETFs that are only traded at best every month or so. Though, having said that, in this volatile arena currently, I'll probably be doing more with all my ETFs, trying to avoid any losses.
What I don't want to do is have to work with all my money in day trading. Risk is too high and yes, gains can be great, but I'm still too new to say, I can confidently work with my capital in full and it be "fairly safe".
I also see my portfolio as three golden geese. The first is my financial protection. It's enough money for me to live for 2 years, if all else fails. The next (the 40%) is my financial security. If it can fill the first with enough money that the 2 years goes for ever, I don't have to work. The third is financial freedom. If the trading can fill the second goose and the second can fill the third where I can get things I've dreamed of having, that's when the game plan has worked out. I'm not there yet, but I also just started about 5 months ago and TBH, I'm at a loss currently with my day trading funds. However, I've had a 60% win rate over the last two weeks, despite all this volatility and I intend to improve on that. 😊
Man I would do anything to Work and learn under these firms....even work 16 hours a day and 7 days a week
Nice work guys keep up the great work. Hopium is delicious
What's an RVOL?
Relative volume
Volume today compared to the average volume of 20 or 30 days. If volume is double today, you know something special is going on.
Buy $VZ $40 FV $64
Wow, so many gamblers in one room
On an average, how many trades do your average traders take per day, given so much time goes into filteration ???
it totally depends on the trader
some traders don’t trade every day
some trade alot every day
@@garrettdrinon : Thanks. So it is the trade setup and grade/rank that determines the number of trade. Right ??
@@andym5663 if there is a trade setup there is a trade, if there is no trade setup there is no trade. Some strategies have a higher trade frequency, some have lower trade frequencies. it’s up to the strategy and the trader and the environment
Can somebody explain to me how Tesla RVOL is 3.6 as shown in the '03:17', I really want to start using RVOL in my trading, but I am not sure the math behind it.
its an indicator on most trading platforms. Just search it up.
Google is your friend to find many answers such as this.
Hi. where do I see your advice on crypto happenings? I am trying to understand crypto trading and looking for professional help.
There are many factors to consider when making a successful investment, and I'd be happy to offer some guidance. Can you tell me a bit more about your current experience and knowledge level in crypto trading? That way, I can provide more specific advice
I have had a bad experience of losing a lot of money because I had no idea how the market works. That's why I am looking for a crypto broker to help me out with a good strategy
I'm so sorry to hear about your previous experience with crypto trading. It's understandable to feel hesitant after losing money, and it's important to be cautious when making investments. I'd be happy to share some advice and resources with you, which I can't guarantee success and profits. Investing in crypto and real estate have been helping me a lot in my life.
This sounds very good. How do you do that? I'm interested, how do I go about getting started?
Tele gram
What are the hidden keys. Is anyone tell the point in line
Does anyone know if the majority of these traders use four times leverage day trading?
They are probably trading on a cash account. They have that kind of money.
That review was a real turn-on. Great talk.
1 minute is gamble
Say yeah one more time! 😅
yiaah! 😊
I’ve learned to worship the RVol
why take b setups?
Sometimes you think its an A setup but it becomes a B cause you were too early and you misread the cues
why do you call it tape??
before computers it was the “ticker tape” that was spit out of a machine
is Garret, G man from the book
Gman in the book was Gilberto Mendez he passed away in 2020
Damn r these real.comments or just bots
Mike for crying out loud bring back the theme music - who's creating these boring intros
She's dressed just like Seth Freudberg, head of SMB's options desk here in Uptown Manhattan.
Yeahaa
Disappointed on the word 'bet' being used ... that's synonymous with gambling i.e. horse racing. Surely, given the professionalism of SMB, it should be 'position' or 'contract' size i.e. going into a market having done due diligence to either buy or sell, not just 'bet' which is just a punt on getting it right.
You sound fun
Trading is gambling just as Poker is gambling. Just accept it. Ignore the haters.
Businesses take gambles all the time. I get that it’s semantics but imo it shouldn’t matter in the grand scheme of things. I get where you’re coming from though
it IS gambling and btw some people really do have an edge
It is gambling, at some point when you press the buy or sell button it's taking a risk.
Thank you sir! 🙌🏽💪🏽🫡😁
absolute A+, whats the stocktwits @