How I turned $600 into $335,181 in 1 Year (Trading 2hrs/Day)

Summary

本视频讲述了一位交易员如何将不到600美元的日内交易账户在一年内增长到超过33.5万美元，并在五年内增长到超过1000万美元的经过验证和审计的利润。视频中首次公开了第三方独立审计结果，验证了这些回报。演讲者分享了他遵循的一套规则和策略，特别是在最初几周、第一个月和第一年，因为那时压力最大。他强调了交易中最难的部分是学会如何持续每天只赚15到20美分，并解释了一旦你能够持续做到这一点，从那里扩展就会比你预期的快得多。

Takeaways

• 😎 视频中的交易者通过遵循一套规则和策略，在五年内将不到600美元的交易账户增长到超过1000万美元，并提供了第三方独立审计的验证。
• 📈 交易者强调，成功的交易不仅仅是关于利润，更重要的是背后的系统和策略，以及如何从每天赚取15到20美分的一致性开始逐步扩展。
• 📚 交易者分享了一套规则，包括在小账户中如何操作，以及如何在第一周、第一个月和第一年承受最大压力时进行交易。
• 🤝 交易者提供了一些资料下载，包括一个小账户策略PDF，供观众在视频中跟随学习系统、规则和策略。
• 📉 交易者提到，交易中最难的部分是学会一致性地每天只赚取少量的钱，但一旦能够做到这一点，从那里扩展就会比你预期的快得多。
• 📈 交易者分享了其交易策略的一些关键要素，包括专注于2到20美元价格范围内的股票，寻找至少上涨10%且相对成交量至少为5倍的股票。
• 📊 交易者使用股票扫描器实时搜索符合特定标准的股票，并强调了供需关系在股票价格变动中的重要性。
• 📝 交易者建议初学者学习交易策略、在模拟环境中练习交易，并在有盈利能力后用真钱开始交易，但从小规模开始。
• 📉 交易者分享了其个人交易历史和独立会计报告，展示了其交易策略的实际盈利能力，并提醒观众他的成果并不典型，交易有风险。
• 📈 交易者讨论了技术分析的重要性，包括如何阅读蜡烛图和识别多种交易模式，以及如何结合新闻和趋势来做出交易决策。
• 🧘 交易者建议通过锻炼和冥想等方法来增强纪律性，这对于交易者在面对损失时坚持规则至关重要。

Q & A

视频中提到的交易账户是如何在一年内从不到600美元增长到超过335,000美元的？

视频中提到，通过遵循一套特定的交易规则和策略，交易者成功地将一个初始资金不足600美元的日内交易账户在一年内增长到超过335,000美元。关键在于持续稳定地每天赚取15到20美分的利润，并在实现这一目标后逐步扩大交易规模。

交易者在视频中提到了哪些因素是导致大多数人交易亏损的？

视频中提到两个主要原因导致大多数人交易亏损：第一，他们没有一套明确的交易策略或规则来指导买卖；第二，即使有策略和规则，他们也无法保持纪律去遵循这些规则。

视频中所分享的交易策略主要集中在哪种类型的股票上？

视频中的交易策略主要集中在价格在2美元到20美元之间、交易量至少是平均水平五倍、并且有重大新闻事件驱动的股票上。这类股票通常在有突发新闻时会有较大的价格波动。

交易者如何确保自己选择的股票符合其交易策略的标准？

交易者使用自己开发的股票扫描器实时搜索市场上符合特定标准的股票，这些标准包括股票价格、交易量、涨幅和流通股数量等。

视频中提到的'供应和需求'概念在股票市场中是如何体现的？

在股票市场中，'供应和需求'概念体现在股票价格的变动上。当一个公司发布重大利好消息时，如果市场上该股票的供应量有限，而想要购买的人数增加，即需求增加，这将导致股票价格上涨。

交易者在视频中提到了哪些方法来提高交易的纪律性？

交易者提到，纪律性是一种可以通过锻炼和实践来加强的'肌肉'。提高纪律性的方法包括坚持日常锻炼和冥想，这些习惯有助于在交易中保持冷静，遵循既定规则。

视频中提到的独立审计验证了交易者的哪些交易成果？

独立审计验证了交易者从初始的583美元开始，经过几年的交易，累计获得了超过1,071万美元的净利润，平均每月回报约为127,000美元，平均每月百分比回报为64%。

交易者在视频中提到了哪些书籍推荐给交易学习者？

视频中推荐了《Trade Mindfully》关于交易心理学，以及《How to Day Trade for Beginners》和《Quit》等书籍，这些书籍涵盖了从交易心理学到蜡烛图阅读技巧，再到学会何时退出交易的多个方面。

视频中提到的交易策略是否适用于所有类型的交易者？

视频中的交易策略主要适用于那些寻求在股票市场中通过日内交易实现快速增长的交易者，特别是那些能够遵循严格规则和策略的交易者。然而，每个交易者的情况都是独特的，因此在应用任何策略之前，都应该进行适当的调整和测试。

视频中提到的交易者如何管理风险？

交易者通过设置每笔交易的最大损失限额来管理风险，通常这个限额是他们预期利润的一半，以保持2:1的盈亏比。此外，他们通过交易符合特定标准的股票来减少不确定性，并在市场条件不符合预期时及时退出交易。

视频中的交易者如何确定交易的入场点和出场点？

交易者使用技术分析来确定入场点和出场点。他们寻找特定的图表模式，如股票价格在经历初步上涨后的小幅回调，并在回调结束后的第一个上涨蜡烛突破前一个高点时买入。他们通常在股票价格首次回调时卖出部分头寸，并在第一个下降蜡烛出现时卖出剩余头寸。

Outlines

00:00

📈 股票交易账户的惊人增长

视频主讲人介绍了自己如何将一个初始资金不足600美元的日内交易账户，在一年内增长到超过335,000美元，第二年结束时账户资金超过800,000美元，第三年突破百万美元大关，到第五年账户资金超过1000万美元。这些收益已经过第三方独立审计验证。主讲人强调，他将分享自己的交易系统和策略，特别是最初几周和第一年，因为那是压力最大的时候。他还提到，交易最难的部分是学会如何每天稳定赚取15到20美分，一旦能够做到这一点，后续的增长将会比你预期的快得多。

05:01

📚 成功交易的策略与规则

主讲人分享了自己如何通过一套规则和策略，将小额交易账户增长到数百万美元。他强调了制定交易计划和策略的重要性，并提供了一些帮助观众保持交易纪律的技巧。他还提到了自己如何通过实际操作而非仅仅阅读书籍来学习交易，包括了解不同类型的交易订单、价格报价方式、以及买入卖出价的差异。此外，主讲人还提到了交易风险，并提醒观众他的交易结果并不典型，交易本身是有风险的，大多数人会亏损。

10:03

💡 交易成功的心理因素

视频继续讨论了交易成功的心理因素，包括热爱自己的工作以及对交易的着迷。主讲人分享了自己对交易的热情，以及如何通过享受研究、学习和阅读来不断提高。他强调了找到成功交易策略的奖励是巨大的，并且提醒观众，尽管他分享了自己的交易结果，但交易是充满风险的，大多数人会亏损，主要原因是缺乏策略或无法坚持既定的交易规则。

15:03

🌐 国际经纪账户的杠杆优势

主讲人讲述了自己如何使用国际经纪账户的杠杆来开始自己的小额交易挑战。他解释了杠杆的概念，即用借来的钱进行交易，并说明了自己如何利用国际经纪账户提供的六倍杠杆，从600美元的初始资金获得了33,600美元的购买力。他还提到了如何通过选择价格在2到20美元之间的股票，以及通过每天赚取15到20美分的目标来逐步增长账户资金。

20:04

📊 交易策略的数据分析

主讲人通过数据分析详细介绍了自己的交易策略，包括他如何通过交易价格在2到50美元之间的股票来获得最大利润，尤其是在2到20美元的范围内。他还展示了自己如何在股票价格上涨超过10%且相对成交量至少为平时五倍时获得最大利润。此外，主讲人还分享了自己如何通过关注具有重大新闻催化剂的股票来实现盈利，这些新闻事件可能是FDA公告、临床试验结果或公司的重大收益等。

25:05

📉 交易策略的关键要素

视频进一步阐述了主讲人的交易策略的关键要素，包括专注于价格在2到20美元之间的股票，寻找至少上涨10%且相对成交量至少为平时五倍的股票，以及确保有新闻催化剂。主讲人还提到了供应和需求的概念，解释了当供应有限而需求增加时，价格如何上涨，以及这在股票市场中如何影响价格波动。

30:07

🔍 实时监测交易机会

主讲人介绍了他如何使用股票扫描器实时监测市场，寻找符合其交易策略标准的股票。他分享了一个具体的股票案例，展示了如何分析股票的实时动态，并解释了如何确定买入点和风险管理。此外，主讲人还强调了在交易中保持纪律的重要性，并提供了一些帮助观众提高交易纪律性的建议。

35:08

📘 交易策略的学习和实践

视频的最后部分讨论了如何学习和实践交易策略。主讲人建议初学者首先学习一个经过验证的盈利策略，然后在模拟环境中练习交易，只有在模拟交易中能够盈利时，才应该开始用真钱交易。他还分享了自己账户的独立审计报告，证明了自己的交易策略是成功的，并且强调了选择一个可信赖的交易导师的重要性。

40:08

📊 技术分析在交易中的应用

主讲人分享了他对技术分析的看法，特别是他最喜欢的一个多蜡烛图模式，用于确定买入点。他解释了如何通过观察股票价格的上涨和回落，以及成交量的变化来预测未来的价格走势。此外，主讲人还讨论了如何通过练习和经验来提高交易的准确性，并强调了交易纪律的重要性。

45:09

📈 交易成功的心理和纪律

视频结尾，主讲人讨论了交易成功所需的心理素质和纪律性。他推荐了几本书籍，包括关于交易心理学和蜡烛图的书籍，并强调了学习何时退出交易的重要性。主讲人还提醒观众，交易是有风险的，应该慢慢来，管理好风险，并期待在下一集中见到大家。

Keywords

💡日交易

日交易指的是在同一交易日内买入并卖出证券的交易策略，目的是为了利用市场的短期波动来获取利润。视频中提到，演讲者通过日交易将一个初始资金不足600美元的账户在一年内增长到超过33.5万美元，这体现了日交易的高风险和高收益特性。

💡策略

在视频中，策略指的是交易者用来指导其买入、持有或卖出证券的一套规则或方法。演讲者强调了拥有一个有效策略的重要性，并分享了他如何通过遵循特定的交易规则来实现账户资金的增长。

💡杠杆

杠杆是指使用借入的资金进行交易的能力，可以放大交易者的盈利潜力，同时也会放大亏损风险。视频中提到，演讲者使用国际经纪人提供的六倍杠杆来增加其交易能力，这是他能够从小额资金开始交易的关键因素之一。

💡审计

审计是指由独立第三方对财务记录或交易结果进行的正式审查，以验证其真实性和准确性。视频中演讲者提到了第三方独立审计，以证明他所分享的交易成果是经过验证的，增加了他所分享经验的可信度。

💡供需

供需是经济学中的一个基本概念，指的是市场上商品或服务的供给量与需求量之间的关系。视频中，演讲者解释了在股票市场中，当供应有限而需求增加时，价格会上涨，这是他交易策略中的一个关键因素。

💡技术分析

技术分析是一种通过分析历史市场数据，主要是价格和成交量，来预测未来市场趋势的方法。视频中，演讲者讨论了他如何使用技术分析，特别是蜡烛图，来识别交易机会。

💡蜡烛图

蜡烛图是一种图表，用于展示特定时间段内资产的开盘价、收盘价、最高价和最低价。视频中，演讲者提到了蜡烛图的重要性，并分享了他如何利用蜡烛图模式来做出交易决策。

💡交易纪律

交易纪律是指交易者坚持其交易策略和规则，即使在面临市场波动和情绪压力时也不偏离的能力。视频中，演讲者强调了保持交易纪律的重要性，并分享了一些提高交易纪律的方法。

💡风险管理

风险管理是指识别、评估和控制投资过程中的潜在风险的过程。视频中，演讲者提到了风险管理的重要性，并解释了他如何通过设置止损和利润目标来管理交易风险。

💡交易社区

交易社区是由交易者组成的群体，他们分享信息、策略和经验，以提高交易技能和市场理解。视频中，演讲者提到了他的交易社区，并鼓励观众加入，以便从其他交易者那里学习和获得支持。

💡交易心理学

交易心理学是指研究交易者在交易过程中的心理状态和行为的学科，包括如何处理损失、恐惧和贪婪等情绪。视频中，演讲者推荐了一本关于交易心理学的书，并强调了理解交易心理学对于成功交易的重要性。

Highlights

通过遵循一套规则和策略，作者将一个不到600美元的日内交易账户在一年内增长到超过335,000美元，并在五年内增长到超过1000万美元的经过验证和审计的利润。

作者强调，利润是系统和策略的副产品，而不是关注点，更重要的是分享了如何从小账户开始并实现增长的过程。

在交易的最初几周和第一年，压力最大，学习如何持续每天只赚取15到20美分是最难的部分，但一旦能够持续做到这一点，从那里扩展就会比你预期的快得多。

作者提供了一个小型账户策略PDF，供观众在本集节目中跟随，以了解作者使用系统、规则和策略来增长小账户的方法。

作者分享了作为动手学习者的经验，通过开设真实交易账户并进行首次交易来学习必要的交易信息。

作者提醒观众，尽管分享了自己的交易结果，但不希望大家认为这些结果是典型的，或者假设自己能够取得类似的结果。

交易亏损的两个主要原因是没有策略或系统，以及无法维持遵循规则的纪律。

作者分享了自己使用国际经纪人进行交易的经验，这些经纪人不执行PDT规则，这对小额账户的日内交易非常有帮助。

作者展示了自己的交易策略，包括专注于2到20美元价格范围的股票，并且在股票价格上涨超过10%且相对成交量至少为5倍时进行交易。

作者强调了股票的新闻催化剂的重要性，认为新闻事件是推动股票价格快速变动的关键因素。

作者介绍了自己的股票扫描器，这些扫描器实时搜索符合特定标准的的股票，帮助作者找到交易机会。

作者分享了自己如何使用技术图表和蜡烛图来分析股票，并寻找入场和退出点。

作者强调了交易策略的可扩展性有限，特别是在交易较大头寸时，需要注意流动性和滑点问题。

作者提供了如何逐步增加交易规模的建议，强调从小规模开始，并在持续盈利的情况下逐渐增加头寸。

作者讨论了交易中的风险管理，强调了保持紧密的止损和至少2:1的盈亏比的重要性。

作者分享了如何通过练习和纪律来提高交易技能，包括日常锻炼和冥想来加强纪律的肌肉。

作者推荐了几本书籍，包括关于交易心理学和蜡烛图阅读的书籍，以及如何知道何时退出交易的书籍。

Transcripts

[Music]

in today's episode I'm going to talk

about how I turned a day trading account

with less than $600 into more than

$335,000 in one year by the end of the

second year the account was at over

$800,000 by the end of the third year

I'd crossed over a million doar and by

the end of the 5ifth year the account

was over $10 million in verified and

audited profits today is going to be the

first time ever that some of you have

seen my thirdparty independent audit

verifying these returns now I don't want

to spend this whole episode focusing on

the profits and bragging about how much

money I've made profits are a byproduct

of a system and a strategy in today's

episode I'm going to share with you the

process I'm going to share with you the

set of rules that I followed in this

small account and how I was able to grow

it we're going to focus especially on

those first few weeks the first month

and the first year because that's when

the pressure was the highest

what you're going to learn is that the

hardest part about trading is learning

to consistently make just 15 to 20 cents

a day it seems like nothing but the

reality is once you're doing that

consistently scaling up from there well

it happens a lot faster than you might

expect now because this is a class that

I'm teaching today I have some handouts

for you so Linked In the description

pinned at the top of the comments you

will find a small count strategy PDF you

can download this and you can follow

along with me during this episode as I

break down for you the system the rules

and the strategy that I've used to grow

this tiny account so let's go ahead and

Dive Right In now for those of you who

enjoy reading I'm going to have some

recommended reading that I'll give you

at the end of this episode so you can

continue learning because I understand

that everyone learns in different ways

one of the most I suppose challenging

Parts about trading is that just to get

yourself ready for day one there's a lot

of information that you need to know I

would call it the general information

about how the stock market works now I

personally am a Hands-On learner and I

bet many of you are as well and so what

worked really well for me when I was

getting started was to actually go ahead

and open an account now I should have

used a trading simulator but I used real

money because I was naive and I didn't

know better but by opening up that real

account and going in and trying to take

my first trades all of a sudden I began

learning a lot of the necessary

information that you'll need to know for

day one of trading right I I started to

learn about the different types of

orders that you can use I started

learning about how the how the prices

are quoted I learned the difference

between the bid and the offer these are

all little bits of general knowledge

that you pick up as you're getting into

it now you can learn all of this in a

book and certainly that's a great way to

learn and and I do have a book that I've

written that covers a lot of this but

you can also learn just through the

process of actually doing it by getting

handson you're going to realize as you

get ready to take that first trade that

wait a second I don't know the

difference between these different order

types limit versus market and you're

going to do some basic research and

you're going to figure out okay this is

what these two orders do now one of the

things that they often say is that if

you love what you do you won't work a

day in your life in my experience as a

Trader because I've enjoyed it so much

it never feels like work to research and

learn more or to read books or to watch

episodes like this because it's

something that is so fascinating to me

and I think one of the reasons it's

fascinating for me and for many other

people is that we know if we're able to

find success the rewards can be

incredible now as we begin this episode

I want to put out a little bit of a

disclaimer I want you to know that

although I am sharing my results with

you I don't want you to assume that my

results are typical or that you'll

achieve a similar result whether you

learn from me or you trade on your own

what we know is that trading is risky

and most people do lose money I would

argue that the reason most people lose

money is for one of two reasons the

first reason is because they don't have

a strategy they don't have a system or a

set of rules that they're following that

dictates the type of stocks to buy where

to get in where to get out when to walk

away each day when to stop pushing and

when to double down and lean in so if

you don't have a strategy or set of

rules it's not going to be much of a

surprise if you don't find consistency

as a Trader now the second reason people

lose they have a system they have a

strategy but they are unable to maintain

the discipline to follow those rules and

this is something that I can really

relate to because as I went through the

process of developing the strategy that

I'm still trading today I struggled to

maintain the discipline to follow the

rules that I laid out for myself some of

you may have gone through this as well

so in this episode as I talk about the

system the strategy and the rules I'm

also going to share with you some tips

and tricks to help you be a more

disciplined Trader because ultimately it

is the traders who are the most

disciplined who typically find success

if you can't be disciplined as a Trader

if you can't follow your rules you can't

expect to succeed so when I funded my

account with less than $600 I was

already a profitable Trader I funded the

account with the goal of seeing really

whether or not it was even possible to

day trade with such a small amount of

money because a lot of people said it

wasn't impossible you couldn't do it and

you might be one of those Traders as

well who says there's no way this could

be done so I want to tell you that

that's not true it can be done but it is

very difficult and it requires knowing a

few different ways to trade because as

you may already understand if you open

an account with e trade or Merit trade

today thick or Swim they won't let you

day trade with a $600 account so right

away there's a little bit of a barrier

to entry to get in because you have to

know about the type of broker that I was

using which most people don't even know

about because they don't advertise here

to most Traders so in addition to the

link in the description to download my

small account strategy PDF you'll also

see a link to International Brokers so

when I began this small account

challenge with less than $600 I funded

an account with an international broker

International Brokers don't enforce the

PDT Rule and I found this to be

incredibly helpful because I knew that I

wanted to trade so let's jump onto the

Whiteboard here now I'm going to show

you these audit results in a moment but

first let me break down for you how this

worked when I funded the first account

so I funded the account here with just

under $600 we'll just do$ 600 just to

keep the numbers easy so just under $600

went in now the broker that I funded the

account with allowed what's called

Leverage leverage means you could trade

on borrowed money now if you funded an

account with thinker swim or E Trade

right now today you would get four times

leverage so that means let's say for

instance you funded an account with

25,000 you have times four that means

you have

$100,000 of buying power but you notice

I started with

$25,000 that's because you need $25,000

minimum to day trade with a US broker

dealer $225,000 is kind of a steep Mark

right that's a lot of money so I didn't

want to fund an account with that much

money I wanted to prove that you could

do it with far less so I funded an

international account with

$600 now they offer six times leverage

so 6 * 6 is $33,600

that's how much money I had available in

buying power on day one so on day one

you know what my goal was my goal was to

see if I could make 15 to 20 cents a

share 15 to 20 cents that's it doesn't

sound like a lot but 15 to 20 cents a

day can be the difference between well

losing money and making more than $10

million over the course of 7 years which

is exactly what I've done so what I did

on day one was I was looking for a stock

ideally perfect price range $3 a share

approximately $3 a share to 360 why did

I choose that price range because I knew

at that price range I could buy 1,000

shares and if I could make 15 to 20

cents I would make $ 100 to $200 well

150 $200 if I make 15 $150 to $200 and

that was my goal I wanted to see if I

could grow the account by $200 on day

one now what I want to do is I want to

show you the results of day one on day

one it came up a little bit short not

surprising I'd set the goal pretty high

I came out with

$125 70 on day two I made

$187.8 as you can see right here on day

three I made

$150 on day four I made

$154 so by the end of the first week

we've got 300 nearly $400 500 $600 a

profit so now let's look at how the

account looks now the account has closer

to $1,200 in it right $1200 here times 6

now I've got $7,000 plus of buying power

$7,200 of buying

power and that meant going into day five

day six day seven I could now buy a

little bit more stock of every trade I

took now some people will misunderstand

this style of trading as risking $7,000

or whatever it is on every single trade

but that's not the way I manage risk so

maybe what we should do is take a step

back and talk about the strategy the

system and the set of rules that I

follow my interest in the market began

in 1998 I was in school and I had a

semester dedicated to the stock market I

decided then and there that the stock

market was for me and I wanted to learn

everything about it that I possibly

could I wanted to start trading with

real money at that time but I wasn't

able to I was too young in 2001 I opened

my first account with real money but I

didn't find much success because I

didn't have a system or a strategy of

how to find strong stocks to trade so I

ended up not making any money at that

time but during the Great Recession this

was after the financial crisis of 20072

2008 the job market was so abysmal and I

was living in rural Vermont that I I

couldn't find a good paying job and so I

went back to the idea of being an online

Trader trading the markets from the

comfort of my own home on my laptop that

sounded pretty good to me but I spent

the next two years going through a

period of trial and error trying to

figure out a strategy that would work

for me now what I want to do is I want

to actually show you here um my metrics

because uh I'm going to pull this up I'm

going to clear this out uh and we're

going to take a step back and look high

level at these metrics when we look at

these metrics high level these are to

tell a story they're going to paintt a

picture what I have right here so far uh

is just over $1 million in net profit

this is net of fees and commissions

right here okay so that's the total big

big number but where does that number

come from as you see where that number

comes from you're going to begin to

recognize that from just this data you

could build out a summary of my strategy

okay so let's look at my performance by

price and volume this is where I think

you'll see the most so what you'll see

is my performance by Price Right Here is

going to show you that I make the most

money on stocks priced well between 2

and 50 right here and certainly I make

the most in this range right here which

is between 2 and 20 so all of my profit

has been categorized here and sorted

based on the price of the stock I've

traded and this is where I do the best

now what you would also notice if we

scroll down a little bit further is that

actually we'll look over at the

instrument side if we look over here

some of my biggest winners in fact are

on Meme stocks cost GameStop cone unoe

carve these were stocks that made

incredible moves during 2001 2 uh sorry

2021 but if we scroll down a little bit

further what you'll notice here is that

my performance predominantly is oh we're

going to switch back to this one here

stay on this one my performance is on

stocks that are up over 10% you see how

this is performance on stocks up over

10% and what you'll also notice is that

I make the most money when we have high

relative volume so one of the things

that I look at very closely in these

metrics and we'll scroll back up here

this shows my performance by relative

volume if you see right here this is uh

$9 million over 80% of the profit is on

stocks that have five times relative

volume so let me help put this into kind

of simple

terms I make money when stocks have five

times higher volume on the day that I'm

trading them and I make money trading

stocks that are up 10% so I'll POS the

question to you why would a stock be up

more than 10% with five times higher

volume what's a possible reason news the

stock has breaking news so through two

years plus of trial and error error what

I learned was that I found the most

consistency trading relatively lower

price stocks when they have breaking

news these breaking news events and

there's all kinds of news catalysts that

can move a stock it could be a

pharmaceutical company with FDA

announcements clinical trial results it

could be any company that has great

earnings or a new contract but when you

have a lowprice stock that's trading at

two three four dollar a share and they

come out with really good news those

types of stocks can go up 50 to 100% in

a single day and these are the places

where I was making hands down the most

money and these stocks on these

particular days often are the biggest

percentage gainers on all of Wall Street

so out of 10,000 Plus stocks on any

given day that you could choose usually

the one I'm trading is the one that is

the leading percentage Gainer out of all

of them now finding that stock in real

time proved difficult and I'm going to

walk you through the process that I

follow to find those stocks so this

right here gives you a good sense that

I'm trading primarily a breaking news

strategy the stocks I make the most

money on have 25 million shares plus a

volume so I need that volume I need that

high relative volume relative volume by

the way is the measure of today's volume

relative to what's normal for this stock

so if it normally trades on only a

million shares of volume but today is 25

million it's got 25 times higher volume

today and obviously there's a catalyst

that's bringing that volume in so let's

begin to document what we know about my

strategy now for those who have already

downloaded the PDF you'll have this in

written form as well okay so what we

know is that price I'm focusing on

stocks between 2 and 20 that's where I

tend to do the best we know that we're

going to look at percentage of up at

least 10% today and we know we're going

to look at relative volume of at least a

ratio of uh five so 5 to one so it's got

to be at least five times higher than

average now what we know is that

typically there has to be a news

Catalyst because news is what's going to

create the rate of change and the

relative volume the price just happens

to be the range where I've found the

most success and I think for a lot of us

R Us being retail Traders lower price

stocks are easier to manage risk on and

they're easier to trade we have smaller

accounts we can't afford to buy $75 $100

$200 $500 a share stocks we would only

be able to buy a few shares of it so we

just naturally make more when we can

trade let's say a th000 shares of a $3

stock a th000 shares of a $3 stock or

100 shares of a $30 stock or 10 shares

of a $300 stock it's same amount of

money but on one of them you're going to

be much more likely to see a 10 15% move

and you're going to get a bigger return

and that's always going to be on the

lower price side now certainly you could

do 10,000 shares on 30 Cent stock and

that's where you could see potentially

an even more explosive return but I

actually in my career haven't done super

well on those really cheap stocks as we

saw for my metrics although I uh at

times we'll trade them under $2 for me

is not a very rewarding spot I tend to

do better as you could see between 2 and

20 that's really my sweet spot now

something that you may not understand in

trading is that we have the concept of

supply and demand you may have heard the

concept before of supply and demand when

there's a limited level of supply and a

lot of demand prices go up this is what

happened during the housing booms right

all of a sudden lots of people want to

buy the mortgage rates are super super

cheap so everyone wants to buy a home

but there's a limited level of Supply

what happens the price of homes go up

very very quickly well in the stock

market we have a similar experience with

supply and demand the supply is the

number of shares available to trade so

when a company does its initial public

offering they sell a fixed number of

shares onto the market and that's the

supply okay so it's a fixed number of

shares now if all of a sudden that

company puts out really great news

people are going to want to buy that

stock they're going to think the stock

price is going to go up in value and

since there's a limited level of Supply

the increase in demand pushes the price

up so let me show you this on the

Whiteboard all right so um I'm going to

uh do one more thing here first so float

which is the number of shares available

to trade float is the term we're going

to have this under 20 million I would

prefer under 10 this is my preference

but under 20 million is pretty much a

hard a hard number now there are some

exceptions to that GameStop when I

traded it was um was a higher float but

but generally speaking that's what I'm

going to prefer okay so this is going to

be a little relationship here between

demand and Supply supply and demand so

let's say you've got a float here of 10

million

shares and let's say you

have 10 million shares of volume so if

you have 10 million shares available to

trade and you have 10 million shares of

volume those seemingly kind of balance

each other out right you've got an equal

amount of demand and Supply now on a day

like this if the stock really has good

news the price can still go up and the

price can go up because there are people

that are holding that don't want to sell

so there can be still a relationship

where the price goes up but now let's

imagine this if there's only 1 million

shares of Supply there's only 1 million

shares of supply and there's 10 million

shares of demand that's when you see the

price move very very quickly and so when

we talk about something like GameStop

GameStop when it began its move had I

want to say about 30 million shares

available of Supply but it was trading

the amount of volume it was trading was

insane I mean it was hundreds of

millions of shares of volume was pushing

this higher and so essentially you had

such a heavy amount of demand the stock

went parabolic and that's how it went

from $30 a share to 40 to 50 to 60 to 70

to 100 and then to 200 and then to 300

and then to 500 just this massive

squeeze and what effectively happened

there was we had what's called a short

squeeze now I could spend a lot of time

talking about short squeeze

but for right now we'll stay focused and

just say that when I'm looking at my

strategy what I know is that I need the

price between 2 and 20 it needs to be up

at least 10% on the day the relative

volume should be five there should be

news and the float should be less than

20 million shares although less than 10

million is preferable and certainly if

you have a situation of a float of less

than a million shares that can be even

stronger but it's not necessary if it

happens it's fine but what we really

want to see is a massive imbalance

between Supply and demand now because we

have more than 10,000 stocks in the

market that you could trade on any given

day there is almost always a stock on

any particular day that has a breaking

news Catalyst this breaking news and

it's just to pause on that what's really

interesting is that as a breaking news

Trader I'm usually trading different

stocks pretty much every day I'm just

trading what has news today so I'm

moving all around the market some people

have the notion that you should get

really good at at trading One stock like

apple or Tesla or something like that

however what I've learned is that if you

try to do that what you're trying to do

is the equivalent of play chess against

the computer because what you may know

is that more than 60% of the volume in

the market is actually driven by high

frequency trading algorithms these are

computer programs that institutional

Traders have developed they hire MIT you

know graduates these phds who are

incredibly smart instead of having them

work on you know I don't know things

that are really maybe important they are

put to work figuring out how to create

an algorithm and a code to make more

money in the stock market so that's what

they do and as a result stocks are very

liquid like Tesla Nvidia the S&P 500

they are dominated by these high

frequency trading algorithms that are

competing to make money but if we look

at my metrics you could see certainly

those aren't the type of stocks that I'm

Trading in fact these are the types of

stocks that those highfrequency trading

algorithms wouldn't really have that

much interest in and you want to know

why it's because they want

predictability when they have a computer

trading for them they don't want to be

trading something that could be going up

or down 50% in one day that's way too

much volatility in fact a lot of these

algorithms are trained to be turned off

if the market exceeds a certain

variation in percentage change so these

algorithms create a lot of liquidity by

buying and selling when stocks are

moving in a narrow range but when they

start moving out those algorithms turn

off and that's when things get exciting

so on a day where apple or Tesla or one

of these big S&P 500 types of companies

has big news then it'll actually more

likely on that particular day have less

high frequency trading algorithms and

have more individual Traders and that

would be a day that you could consider

trading it but for me I've always

focused on this area this little niche

of the market which is small cap stocks

because these small cap stocks when they

have news that's when we see these big

percentage moves okay so my system is to

look for these types of stocks every

single day this is what I know I trade

this is what I know that I make money on

but how do I find these in real time I'm

using stock scanners so I actually hired

a development team to build out these

stock scanners for me and these scanners

are literally searching the market in

real time for stocks that meet the

criteria I just broke down for you so

this stock right here Duo is up

313 price is $165 it has 100 million

shares of volume but the float is only

5.85 million shares the relative volume

is

561 so if we go back here this me oops

sorry it's this this this meets pretty

much all of our criteria it's a little

cheaper than maybe I'd like but other

than that I mean this thing has relative

volume of 500 it's got It's up well over

our minimum of 10% this is the type of

stock that we could get really excited

about the second uh leading percentage

Gainer and this I always sort by the

leading gainers you could sort it by

other columns I sorted by this flj 200%

jfb up 100% ipw up 96% opgn or Ogen up

43% ctnt up 43% Xin up 39% % so I could

check on any one of these stocks and I

could look at the chart I could start to

get dialed in and ask myself all right

this thing is moving so now the next

question is where am I going to buy it

if I was going to break down how to

trade as a beginner into three steps

this is how I would do it step one is to

learn a strategy it should be a strategy

that other people are trading and is

proven profitable whether it's my

strategy or it's someone else's it

doesn't matter but just make sure it's a

strategy that actually is working for

other people that's step one learn that

strategy in and out that will include

how to find those stocks and also your

entries and your exits step two is to

practice trading in a simulated

environment because if you can't make

money in a Sim you have no business

trading with real money step three is to

flip the switch and trade with real

money but start with small size and only

increase if you're producing

profitability now when it comes to

learning a strategy it's really

important that the strategy that you're

going to learn is actually profitable

and so I'll take this as an opportunity

to show you and this will be the first

time some of you have seen this my third

party independent audit this is an

independent accountant report of my

trading profits and so what we have here

is um when I began the account the small

account

challenge I funded it with

$583 this is right here so I funded it

right here with $583 that was on uh day

one month one by the end of that month

January I was up

$116,000 February I was up 60,000 and

this is recording every every single

month so

$335,000 for the first year from a $583

starting balance I began the next year

with $35,000 in the account I took

profit out I took out 300 Grand I

finished with 500 Grand of profit now

I'm up over

$800,000 then I go into year three I

cross over a million doll I go into year

four I make 4.5 million I go into year

five I make 3.8 I go into year 6 I make

800 I go into year 7 I'm up 300

this is a total cumulative profit of

seven sorry

10,719

735 an average monthly return of$

127,000 a month an average monthly

percentage return of 64% per month this

is real money this is an audit this is

an independent accountants report

analyzing each of the broker brokerage

accounts I had during this period of

time I share this with you because I

can't this is real money my performance

speaks for itself now I will say as

always my results aren't typical and you

shouldn't assume that you'll make this

kind of money and you shouldn't assume

just because you learn from me that

you'll be a successful Trader because

there's no guarantee of that but what it

is important is that you know that if

you're going to spend time trying to

learn someone's strategy that's actually

profitable if they don't have at least

broker statements on their website

you've got to ask the question of why

not and I think there's only one

reasonable answer because anyone who is

trying to put themselves out there and

say that they're profitable is going to

put up the proof and so I like to share

this with you so you know beyond a

shadow of a doubt that the person you're

learning from is credible and qualified

the strategy is being traded by me every

single day with real money rain or shine

no matter what the market is I'm showing

up okay so this is a strategy that I'm

trading every single day and my starting

point each day is using this scanner to

find the stocks that are moving once I

found a stock that's moving

now I have a goal my goal is to try to

capture just 15 to 20 cents per share

that's the starting point and as I said

one of the things that's frustrating for

a lot of Traders is that it's just 15 to

20 cents I'm not asking for a lot but

you can struggle to make that

consistently for years and years and

years and years but once you're

consistently making 15 to20 cents per

share right on your trades let's do the

math okay so your average avering let's

say 15 cents per share you're doing that

in the simulator with 100 shares so your

winners are

$15 okay it's not a lot of money but

you're doing that consistently you're

making $15 a day so you flip the switch

you trade with real money and you

continue making 15 a day and you say you

know what I'm going to start increasing

so now you go up to 200 shares now

you're making 30 a day then you go up to

300 shares you're making 45 a day you go

up to 500 shares right you're making $75

a day then eventually you make your way

to 1,000 shares you're making 150 a day

then you say you know what I'm not going

to stop here I'm going to go to 2,000

shares now you're making 300 a day you

go to 4,000 shares right you're making

600 a day this is how it scales up now I

always say that there is a limit to

scalability in the market some people

think well gez if I could do it with a

100 shares I could do it with a 100,000

shares but what you will find is that

actually there is a bit of a diminishing

return in fact if you tried to do it

with such big size you would actually

lose money so there is a sweet spot

where you will find that you make the

most and for me generally it's on

positions between I would say 10 and

20,000 shares where I kind of do the

best when I start to go heavier than

that I find that I have to either hold

longer to mitigate the fact that I get

some slippage on my entries and exits

because there's not always the liquidity

to move that in and out of the market

with this kind of position so it's not a

linear curve it's not a linear kind of

growth as you just increase size you

can't just grow exponentially but the

difference between a 100 shares and a

th000 on a liquid stock there's very

little slippage so this is the area that

most beginner Traders should be focusing

starting with 100 shares and focusing on

just 15 to 20 cents per share now this

is especially if you're focusing on the

lower price stocks like I am if you're

trading stocks like Tesla and

Nvidia 15 cents isn't going to be enough

profit because on your losers you're

going to be losing 15 cents so the way I

think about trading in terms of risk if

I'm going to take risk let's say I'm

going to risk 100 I want the potential

to make 200 so I want to have a 2: one

profit to loss ratio so that means if my

profit Target is 15 to 20 cents I don't

want to lose more than S to 10 cents a

share if I can that's going to be my

goal to try to keep my Max loss very

tight on a trade so now we found the

stock that we like it's going to be the

leading percentage Gainer the one that's

moving up the most today in the entire

Market okay the question next is where

do I get in where I can get my 15 cents

a share without risking more than you

know 7 to 10

cents okay so this is going to get into

technical analysis technical analysis is

the universal language of the financial

markets it doesn't matter if you're

trading stocks Forex

cryptocurrency you could be trading any

Financial instrument and if you can pull

up a Candlestick chart like what you're

seeing right here you can do technical

analysis so learning how to read

Candlestick charts will no doubt be a

critical component to being a successful

Trader what I will share with you in

this episode is the basic form of

technical analysis and one of my most

preferred

entry patterns this is going to be a

multi Candlestick pattern now for those

of you watching they're at the very

beginning of your learning curve who

haven't learned anything about

Candlestick charts I have episodes that

are dedicated specifically to this topic

where the full episode is just how to

read Candlestick charts for beginners so

I don't want to repeat everything in

that episode here today but I'll give

you a cliff notes version and then we're

going to talk about this pattern so a

Candlestick chart is a

chart that shows us historical price so

when we look at this um just go like

this here this is showing us the the

history of this stock this is a daily

chart which means each one of these

candles represents one day of time and

we could see very clearly by looking at

this chart that this is a stock that's

been selling off for quite a while so

what the chart does is it gives us

context it helps us understand the

current price relative to where it's

been because if all you saw was oh this

stock is 65 C you wouldn't know if

that's a good thing or a bad thing it's

a good thing if the stock has always

been trading at 4 cents a share but it's

a bad thing if it used to be trading at

$10 a share which this one did so the

stock chart the historical chart gives

us context but what we're ultimately

trying to do is we're trying to make a

prediction about what's going to happen

next so we use a combination of

technical analysis analyzing the

historical chart here with looking at

breaking news and watching the

trend so when I'm looking at a

Candlestick chart to give you the

anatomy each Candlestick communicates

four pieces of

information the open the close the high

and the low if this is a daily

chart then this Candlestick represents

one whole day of price action that means

the market opened at this price it hit a

low of this price down here which we

call the bottom of the candle wick it

squeezed Eed up it hit a high of way up

here and then it closed right there the

only difference between a red candle and

a green candle is that the open is at

the top and the close is at the bottom

because a red candle is going down in

price right but the shapes can be B more

or less the same so we as active Traders

use the daily chart to help us gain

context but we're primarily naturally

trading on intraday charts I'm trading

on five 5 minute and one minute charts

that means each Candlestick I'm looking

at if I'm looking at a 5 minute will

represent 5 minutes of time so generally

this is what happens a stock comes out

with breaking news so boom boom boom

there's the news let's say it's 8:00

a.m. top of the hour breaking news comes

out so we've got a news alert now how do

we know that there's news do we search

for every breaking news headline of

every stock in the entire Market no that

would be imp possible and even if we

could do that we wouldn't know the

context of whether or not that news is

good or bad without looking at the chart

to see if the price is going up or down

you would have to know the company very

very well to know just by reading the

headline what the stock is going to do

so we don't try to read every single

headline that comes out that's would be

a waste of energy instead what we do is

we use these stock scanners right here

to search the market for stocks that are

making new highs these stocks right here

are hitting my high of momentum scanner

so as they make a new high each time it

hits a new high of day as it's pushing

higher it hits a new high of day a new

high of day a new high of day it

triggers an alert as long as it meets

the criteria that we already talked

about from the perspective of price

volume percentage change and Float so

now we see a stock hitting the scanner

and firing alerts these are audio alerts

so even if I was outside or across the

room I'm going to hear that there's a

stock moving up on my scanner so now I'm

going to come over and I'm going to look

at it what I know is that there's a

psychology that happens in the market

among Traders when a stock begins moving

what happens initially is the stock pops

up people see it and they're like oh my

gosh something is moving I want to get a

piece of the action now you will have

some traders who were in the stock

already before the news came out so as

soon as it pops up they're like holy

smokes I'm going to sell and take profit

so we have the initials squeeze up and

then we have a little bit of a pullback

now if there's a lot of people that want

to sell that's going to create a lot of

Supply they're going to sell sell sell

sell sell and the price could go all the

way back down so this is the moment

where supply and demand comes into play

so at this moment right here we start to

see a little bit of a pullback we see

some selling some people are taking

profit which is natural and to be

expected we dip down we dip down a

little bit more and now at this point

there's a couple questions I'm going to

ask how much selling is occurring on

these candles the way I will know how

much selling is occurring is by checking

the volume bars on these candles so let

me show you an example if you look on

this chart right here you'll see that we

had the initial Spike up right here we

got this move where a stock actually

went from $5 to six to 7 to8 to 9 to 10

almost to $111 a share which was a

really incredible move up well over 100%

just in 5 minutes but then it started to

pull back

and what I look at is the amount of

volume on the selling candles so each

Candlestick is driven by a certain

number of shares and these Shares are

tracked down here as volume so what I

saw here was there was more selling

volume than buying volume and when

there's more selling volume than buying

volume usually what that means is the

stock is going to keep declining I'll

show you another example uh right here

this is a great example where you've got

very light volume buying and then high

volume selling 1 2 3 four five red

candles so when I pull up the chart I

like to see those big green candles but

then the next thing I'm asking is when

we have the pullback are those candles

huge red candles or are they small so in

this case what we would want to see is

that when we have the first move up

let's just say for

example we have high volume green

candles and then we have have lighter

volume red candles that's what we would

want to see if I saw that these were way

up here I would completely change my

bias on this potential trade I would say

there's too much selling this is not

going to work so one of the first things

I check is the amount of volume that's

occurring on the pullback candles then

what I'm watching is we had this move up

we had a little bit of a pullback if

this is a light volume pullback that

tells me it's just a little bit of

profit taking and so now I'm thinking

people are still liking this the stock

is still holding up and what I want to

do is I want to jump on the next wave up

so how do I know when the next wave up

is going to

begin what I look at is the first candle

that makes a step up you have a step

down a step down a step down and this

right here is making a step up another

step up a third step up a fourth step up

now you don't want to buy way up here

this is too extended I want to get in at

the first step up so that means my entry

is going to be this candle right here

and I'm going to be buying that candle

the moment it breaks the high of this

red candle so let's say the high there

was $7 the moment it breaks over seven

that's where I'm a buyer my Max loss on

this trade is the low of this candle so

now based on this because I know my Max

loss is the low of this candle and the

reason I know that is because if this re

turned around and went like this the

pattern would be broken okay so no

reason to keep holding if it comes back

down to those levels so let's say this

is 680 the low of that candle 680 then

you're going to say well wait a second

shoot that's 20 cents a share you're

right okay so now we have to think if

I'm going to risk 20 cents I need the

potential to make 40 cents the 2:1 ratio

is the same whether it's 5 cents or 15

cents it's still the ratio so then we

look at the chart and what if we see

that the high up here which would be our

first profit Target a retest a high a

day was at

$765 then what we would know is we've

got room from 7 to 7.65 that's 65 cents

that covers our profit potential now

we've got 2 to one so I could take this

trade now maybe on day one I can't take

it with a th000 shares because a 20 cent

stop is 200 bucks I don't want to risk

that much money so maybe on this one I

buy just 500 shares and I risk $100 I

risk $100 on this trade Max loss is 680

now if this stock is in fact the number

one leading percentage Gainer on the day

if it is obvious if other people see it

if volume is coming in it's going to get

good follow through that's typically how

it works so now I'm watching that first

candle to make a new high and I'm

looking for that squeeze back to the

high of day and up here as it starts

moving up I can take a little profit off

the table here I could sell 250 shares I

could sell another 100 shares up here I

could sell another 100 shares up here

here and then I wouldn't sell the rest

until the first

candle steps down so holding until we

have that first step down now I don't

like to hold the full position until we

have a step down I like to pay myself

and take some profit off the table but

the last position I'd like to hold if I

can until we have that first step down

up here this is one of my favorite

patterns now this is just one pattern I

have dozens of different technical

setups that I will trade and these are

all part of of the universal language of

the financial markets what's more

important than ultimately the perfect

pattern is making sure I'm trading the

right stock the right stock is one that

meets all of my criteria and is super

super obvious there are times where

there'll be a stock that meets all my

criteria but there'll be another stock

that is more obvious in the market maybe

it is a stock at 15 or 20 cents that is

up 700% so it's the leading percentage

Gainer more people are going to focus on

it but I don't like it as much cuz it's

too cheap or maybe the leader is one

that's too expensive or maybe the float

is too high so the best days for me are

the days when the most obvious stock is

also one that meets my parameters for

being the type that I would make the

most money on that's not going to happen

every single day but on the days when it

does happen that's when I can do really

well so this pullback pattern is just

one of many different patterns that I

would apply essentially when I'm

watching chart patterns forming I'm

happy to trade whatever I see now I have

learned over the years a number of

different patterns that work really well

what we are doing as traders in a lot of

ways is we are attempting to predict the

future and the way we do that is by

visualizing patterns so this right here

when we see this much of the pattern

we're seeing only the beginning of it we

see the first two candles the pullback

and we now have to visualize what's

going to happen next

so how do we make that visualization

this is really pattern recognition we've

seen this pattern play out again and

again and again we we print out the

charts those of you who have already

downloaded and printed out my small

account strategy PDF you have that you

can print out charts just like this put

them around your desk and then when you

start to see in real time a stock that

looks very similar to this chart that

you've printed out you're going to say

to yourself now wait a second we've got

1 2 3 4 5 six green candles in a row

we've got a light volume pullback right

here now I've got the first candle

making a new high this is where I should

buy and I should take a little profit it

goes through the high a little more

profit and then the first candle that

dips down steps down I'll take off the

rest and right there you've got to trade

from $6 up to $8 a share that's a 20%

intraday return and you do it in this

case in about four minutes that is

fantastic that's what you like to see

there's another example you're seeing

that move up a little dip and then a

push higher this is the pattern that I'm

trading pretty much every single day but

again it doesn't have to be that

specific pattern there's a number of

different patterns that I'm happy to

trade we've got uh variations of this

pattern sometimes just for instance

we'll come up to the high here and then

uh so we'll have a green candle and then

we'll pull back one more time all right

so sometimes that'll happen we call that

an ABCD pattern so then we come up for

the second attempt so sometimes it'll do

that and these are all fine I'm happy to

trade this breakout here and get back

out and then get back in right here as

it comes up for the second attempt as a

Trader it's more important that you're

trading the right stock every day than

trading the picture perfect pattern you

will learn more patterns as you gain

more experience now some of you are at

the very beginning of your learning

curve and you're experiencing poor

accuracy in your trading you maybe only

write 30% of time 40% of time and if

you're in that situation I want to speak

directly to you because there's

something that I could share with you

one of the things that you want to think

about when it comes to profitability are

that there are three core components you

have your accuracy you have your profit

loss ratio and then you have your

consistency and the most important of

the three is your accuracy here's the

good news accuracy gets better with

experience any beginner Trader is going

to have poor accuracy you don't have a

lot of Ed educated intuition you don't

have a lot of experience you don't have

a lot of time sitting in this chair

watching these charts forming I've got

more than a decade of this experience so

I've seen more charts I could possibly

list this is something that can be a

benefit for you by being part of a

trading Community like my community if

you choose you get to piggyback off of

all of the knowledge I've picked up so

what I will also do is in the

description I'll put a link to a twoe

trial at Warrior trading where you can

have two weeks it's a twoe trial and you

can use my scanners you can use my

charts you can listen to my broadcast

you can watch some more of my classes to

begin to pick up on what it's like to be

in a community of traders who are doing

this every single day for those of you

who are have the time and availability

to make this happen then you should

definitely do the twoe trial for those

of you that are still studying you're

working full-time you're not able to

trade full-time yet keep watching

episodes like this keep studying keep

learning the more you can immerse

yourself in this environment the faster

you will pick things up so now after

watching this episode you don't have to

be the trader who's trading without a

strategy you could start trading a

strategy that I'm trading every single

day you could practice it in a simulator

but you still run the risk of being the

traiter who is unable to have the

discipline to follow the rules so how do

we create and cultivate more discipline

in our life I will tell you that

discipline is a muscle that you can

strengthen with exercise and practice

things that are going to force you to be

disciplined in your life can include an

exercise regimen and daily meditation I

do both in my life and both of these

help me strengthen that muscle because

there are this is the thing with trading

there are going to be moments where all

of a sudden you have the big emotions

that come with experiencing loss the

frustration the disappointment and your

gut instinct is to try to recoup losses

quickly and to break your rules and when

you start breaking your rules well

there's no sense in having them if

you're going to break them the system

only works when a Trader has the

discipline to follow the rules now of

course you need aptitude there are some

natural aptitudes that are going to make

it much more likely that you'll succeed

than than not but ultimately if you're

not able to be disciplined regardless of

aptitude you're not going to get

anywhere now when it comes to

recommended reading there's a couple

books that I would encourage you to

check out this book right here is uh by

Gary Dayton it's called trade mindfully

and this is all about the psychology of

trading this is a trading psychology

book so for those of you that struggle

with psychology this is a mustre for

those of you that want to learn a little

bit more about candlesticks this is a

good book it's a little expensive and

honestly if you watch my video on how to

read candlesticks

uh for for beginners you'll find it

actually more helpful than this book but

for those that like books this would be

a fine one of course you could check out

my book how to day trade the plain truth

and I encourage you to check out um this

book here quit by Annie Duke this talks

about the power of knowing when to walk

away the best Traders are the traders

who learn to roll with the punches to

take their losses and walk away because

this is trading you're going to be red

you're going to have losses so you

better get used to it and you better get

good at it becoming really good at

losing is an important skill and

learning when to walk away sooner is

always better so this is something that

she teaches in this book learn to walk

away before you have a close call now if

you found this episode helpful I hope

you hit that thumbs up I hope you

subscribe to the channel and I'm looking

forward to seeing you during the 2E

trial I hope you printed out the PDF and

hope you're getting a lot of value out

of this Channel and episodes just like

it so thanks as always for tuning in and

I'll remind you as always trading is

risky so take it slow manage your risk

and I'll see you back here for the next

episode real soon