how did I learn to date race so people ask me all the time how did I learn to
day trade how did I become a day trader what did I even do to start the process
and it really comes down to like I think I've made this video before but I kind
of want to answer how I did it personally when I first started dating
trading I just started buying stocks I had no real idea no real understanding
of what a chart was of what the EMAs were all those other things but I just
started bawling the market I had a couple stocks that I was watching a had
idea of overall mark and asked some stocks that was like hey this is kind of
a good stock you know this stocks got a lot of movement I know a lot of volume
so I kind of watched in those different stocks and I started trading I was using
Robin Hood to first start day trading I would buy like one share of a stock sell
one share I'd buy a thousand shares the whole thousand shares and just kind of
started doing that started focusing on day trading and and just learning the
market overall you kind of get into a rhythm where you just like you know
what's going on the marquee you know what kind of the trend is you see the
overall market and you kind of see what's there and you kind of get an idea
so it really just takes time when you first start date trading you just start
watching the market you start learning about stocks watching videos I would
spend hours and hours and hours watching videos online reading about stocks
online reading everything I could watching videos watching movies watching
anything that I could but I didn't pay for any if I didn't pay for any kind of
books or DVDs or courses or anything like that it's all out there and I did
it consistently and every single day I would basically be on YouTube watching
videos and learning how to buy stocks how to find stocks really that what it
really came down to figuring out how to find stocks when I first started day
trading in the chat room it was amazing because it was like four hundred people
all sitting there talking about stocks all day and I could ask questions people
could bounce ideas around I learned about different brokers I learned about
different you know hey look at this resistance here yeah look at this and
look at that and it was like wow really cool to build a bounce all those ideas
around so I think it's a really good idea
find a chatroom that you like you can try out the chatroom I'm apart of
there's a link in the description but overall just kind of find a chatroom
talk to other traders and bounce ideas around I think it'll really help new
traders kind of learn how to become better day traders
and kind of figure out we're to be looking and what to be looking at and
when I first started day trading I really just had no idea where to look
and how to find stocks so I kind of asked questions I learned about
different websites I learned scanners and all the different fun stuff I
started using different brokers and kind of figuring out watchlist and what
people to watch what things to do when I started day trading and kind of figuring
out but the one thing that I really didn't understand when I first are day
trading was that you're not gonna get rich overnight it's not a I'm gonna buy
a stock today sell stock tomorrow what kind of thing and make a million dollars
making hundred dollars a day make a hundred hours tomorrow make hundred
hours the next day and make five hundred dollars in five days if I can if I'm
consistent but the problem is you know you have a day or normally gonna make
fifty dollars you're gonna lose money in one day so now by the end of the week
I'm only up two hundred bucks because I lost hundred bucks and I wasn't sticking
my rules but the big thing is really just kind of figuring out your strategy
figuring out what to do where to cut your losses out and getting those rules
in place figuring out what trends work best for you what setups work best for
you and just kind of focusing on that and overall you'll learn the mechanics
kind of learn the execution learn your broker learn how to buy how to sell a
stock how to get in at the right price how to buy the dip figuring out all
those different things figuring out the lingo figuring out all the different
terminologies all the different ways to get into a stock figuring out the
different indicators and how to read a stock chart and that's really important
I think a lot of people don't understand that they just want to start buying
right away they want to start making money right away but you need to focus
on learning about stock trading and learning about day trading learning
about the stock market and just learning over time I like to keep talking about
learning but it really is important to learn about all these different things
you know learn how everything works because once you understand how
everything works once you understand all the different terminology once you can
see different indicators once you can see the different news that comes out
about stocks you kind of ride away like okay I saw there was phase 3 news on
this biotech company that's really good they had good results there's a good
chance that stocks going to go higher so you kind of start seeing those different
patterns you see how all the different stocks move with different kind of news
is you see stocks that have offerings that crash and then you're like wow okay
if a stock gets an offering I'll keep an eye out for that stock has bad news and
the stock fails a trial I offer that for a possible short
figuring out all the key indicators and all the different things that make
stocks go up make stocks go down so there's no sticker to it there's no hey
go read this book today and then tomorrow you'll be ready to date trade
it's just a thing of learning experiencing and putting in the time
putting in the effort I wish that I had an answer that I can just tell you guys
hey this is a secret and follow the secret buy my DVD and I promise you
tomorrow you'll make a ton of money but it's not that simple I think even if you
go and you do the courses you buy the DVDs you still will not be ready
emotionally and mentally to take it on the market you need to just take time it
takes time takes experience takes that emotional fortitude remember a lot of
the process really is emotional a lot of it is just building up your emotions to
be able to handle a loss to be able to take profit to be able to buy the right
time it's all the emotions you got to focus on your emotions and learning and
getting that experience experience is everything in the market the longer you
do it the more you're going to experience the different kinds of setups
two different ways of stocks move and I think over time you'll become a lot
better day trader but it just takes time you got to put that time and put in the
effort and learn and that's what I've been trying to do that's why I've really
started this whole channel in the first place because I felt like there there's
a lot of people out there that could benefit from these videos and also kind
of for myself making these videos I actually get to learn I gotta watch the
videos again I make the live training videos I can go back and watch my own
trays and figure like oh man you didn't see that but I should have seen how the
tape slowed down or I should have seen that level - how it changed so quickly
that was a good sign to buyer that was a good sign to sell and that's the great
thing about this whole process as I'm learning with you guys so if you haven't
already hit that subscribe button help me help you
every time someone subscribes I get an extra penny in my pocket so thanks for
that I'll talk to you guys later