I used to spend every waking minute thinking about day trading trying to
figure out what I should do what strategy I should follow what day
trading course should I buy what movie should I watch what book should I read I
spent more time trying to figure out how to day trade then actually learning to
day trade and that's we're gonna talk about in this video where I talk about
this very simple idea that sometimes there's just too much there's too much
information out there but at the end of the day the best thing that you can do
is really just day trade we're gonna talk about a little light bulb that went
off in my head recently I think it really changed my day trading for the
better stay tuned I'm gonna tell you a little bit more about it I think one of
the biggest issues that I had in the past was really I just was trying to
always figure out what was my strategy who should I be following what kind of
trades should I be making am i doing the right percentages am i risking the right
percentages to make the right percentages am i doing everything by the
book what I learned is that the book is worthless at the end of the day you can
study you can take all the time in the world to learn to day trade but if you
don't actually day trade it doesn't mean anything there's a million different
ways to make money in the market and the last thing that you should be doing is
trying to figure out only one way to make money I think it's good to have
focus but the last thing you want to do is to find a strategy let's say you
watch a youtube video and you see a strategy and that's like oh this is my
groundbreaking strategy and now I'm gonna only focus on this strategy that
strategy might work for the person on YouTube but that does not mean it's
going to work for you every single day trader is gonna have little things about
them little quirks little things that's going to make it hard to trade exactly
like somebody else that was one of my big issues I really just was always
trying to figure out what was my strategy and I wasn't actually focused
on trading the best thing to do is just to focus on the overall idea this simple
principle of date ring how do stocks move what's the overall idea stocks move
in waves but the big issue is if all you do is spend time trying to figure out
the perfect strategy or you're only taking trades based on specific
percentages I see people in the comments all the
time like oh you should only do this you should only do that you should only
trade with this percentage you should only do this entry at the end of the day
if it's working for you do it if you can make money trading in an unorthodox way
do it there's no wrong there's no right as long as you're making money that's
all it's about stop buying into this idea that there's one strategy that fits
all that you should trade with this spreadsheet and the Excel spreadsheet
that you bought online you have this magical spreadsheet that's gonna tell
you the exact percentages you should be buying and selling stop it just cut it
off right now cut it off right now stop doing it because at the end of the day
what you should be doing is is focusing on the trades focusing on just the
overall idea of day trading is simple stocks move in ways if you're short if
you're long no matter what you are the wave principle really works for anybody
either you're short or long it doesn't matter it's simple you're shorting at
the top of the wave you're buying at the bottom of the way one of the best things
you can do as you're learning to day trade is to learn all of the different
strategies that way you can also play into them like the other day I saw a
stock that I was like hey if this stock breaks above pre market high it's gonna
get FOMO it's gonna get chased and there's gonna be some action and guess
what the stock broke above pre market high and it went to the moon because we
know a lot of people trade off this idea of buying pre market high breaks so as
soon as that pre market high breaks it's a floodgate of people chasing and people
foe mowing into the movement so we get these big squeezes right there at it
open and the longer that you day trade the more you're going to see these
patterns you're gonna see these different strategies that people have
there's thousands of strategies but really there's about ten strategies that
kind of cover the basis that are going to give you an idea just of the general
direction of these stocks and also that human interaction because number at the
end of the day there's a winner and there's a loser understand how stocks
move understand your broker have everything set up and then start trading
small size you know just learning buying the dips selling the rips or buying the
breakouts whatever your strategy is having that strategy and it's kind of
going through it and really focusing on you
execution but the last thing that you want to do is get stuck with only one
strategy or only one idea you know only trading that one idea cuz I know trust
me there's gonna be a hundred comments down below there's gonna be a hundred
comments from people saying who's an idiot you should only have one strategy
you should only trade this way don't trade like him but this video really I
want to remind you guys that it doesn't matter how you make money it's this the
important thing is making money right if you do it totally different than how I
do it I'm not gonna hate you for I'm gonna tell you doing it wrong I have a
way that I trade doesn't mean everybody also gonna do a trade just like that but
the overall idea just the basics of stocks how they move stuff like that you
know buying the dips buying those support areas that's pretty much the
underlying idea across the board so you need to really just kind of break down
the basics of day trading learning how to read the charts learning how to see
those patterns and then also once you see these patterns now you're like hey I
know what's gonna happen here cuz you can see what's happening you can see the
move before the move once you start seeing those moves before the moves
that's how you get the point where you're confident in taking position you
know how do you get over that fear of entering a trade it's really just comes
down to getting the point where you're like hey this is the setup I see a setup
here I can see what's gonna happen I can see the idea this is gonna break to the
upside here it's squeezing it's got the support it's got a low flow everything's
lining up all those variables are lining up and I'm able to take the trade with
confidence a lot of people believe that day trading is gambling that what we do
is basically just gambling and you know I'll give them a little bit there's a
definitely an aspect of gambling what we're doing is we're betting on the idea
that these setups that we've seen over and over repeating themselves so many
times do we see a stock Wow I've seen this before I know what's
gonna happen and what happens the stock does exactly what we thought it would
does that mean that we bought at the right time or we sold at the right time
no you're never gonna go to buy right at the bottom is so right at the top unless
you know maybe I do it sometimes sometimes I get lucky but really it just
comes down to that repetition having that repetition trading over and over
and over to the point where you're basically to seeing these patterns
happening and a half happening and that's why I focus on
these low float stocks because these patterns are very predictable in these
low float stocks in the sense that I can see okay this stock is definitely going
to squeeze it's making moves higher and you can watch me in the live streams
there's so many times in the live streams that before the move happens I
talk about what I think is going to happen and it ends up happening and
that's not to say that I can see the future but these low float stocks are
very kind of similar in the way they move if you can see the volume you can
see what's going on with the chart you can normally see where it's gonna go
gaining that knowledge learning more about day trading every single day
that's what I'm working on every single day I learned something new I'm seeing a
new pattern I'm just trying to embed that in my brain where in the future I'm
gonna see the same exact pattern and I'm gonna know it's time to make some money
and that's what we're looking for we're looking for patterns we're looking for
opportunities we're looking for setups over and over setups set up setups and
the more time you spend day trading the easier it's going to get because you're
gonna go to see these same patterns over and over and a lot of people won't get
to that point a lot of people will start day trading and they'll lose money right
off the bat and they'll walk away and they won't have time to learn so when
you first start out just start small learn day trading learn about day
trading day trading is the one job or the one thing in the world where you go
to work from 9:00 to 5:00 you do everything right you do everything
you're supposed to do and you still lose money
we're day trading we're not just profiting if it was just profiting it
would just be called profiting it would just be consistent money all the time
we're obviously looking for more chances to win than lose and we're looking for
those patterns to repeat themselves over and over to the point where we're just
constantly seeing those patterns and I'm really not focused on what's the best
strategy I'm not focused on I can only trade this strategy I can only trade
with this percentage I can only do this risk reward forget all about it
what don't forget about it but just focus on doing you focus on what works
best for you focus on setups that you can see that
you see these setups you like Wow I can I can identify this setup don't worry so
much about following a certain strategy or only doing a certain thing a certain
time and focus on day treating just the basics no matter what
your strategy is if you follow that simple principle of how stocks move
you're going to make money but the problem is trying to figure out you know
when to buy when to sell and then kind of figuring out what stocks are hot and
that just comes with time you're gonna learn when I first started trading I was
all over the place had no idea what I was doing I still don't have any idea
what I'm doing but I get lucky I get lucky sometimes
and I've been doing this long enough now where I can see these patterns people
were like I don't know why you traded that I don't know why you do this but
they don't see what I see and at the end of the day nobody is gonna see what you
see and that's really you just gotta train your brain to figure out these
patterns and see these set up and think about the overall human interaction how
is this stock going to react at a certain resistance what's the news
what's the volume how is this stock moving right now is it going to the moon
is it just going crazy you got to be able to identify these things and
understand how it's going to react different levels different resistance
how overextended is the stock asking these questions and that's really what
I've been doing I just stopped caring about is this the perfect strategy is
this the perfect entry and now I'm just focused on making money being confident
myself knowing that I've spent the time I put in the work I put in the effort
now I can have that confidence and that confidence is leading me to make more
money Daedric and you can see in my videos I'd normally only take maybe one
maybe two trades a day compared to a lot of other traders out there who are
taking 10 20 30 trades and trust me I used to take 10 20 trades a day I used
to sit there from 9:00 to 5:00 I used to trade all day long trying to make money
and I couldn't figure out why I wasn't making money and now I spend probably
one two maybe three hours tops on the computer trading and then I make my
money and I walk away that's what works best for me is it gonna work best for
you maybe not but you gotta figure it out you got to get that experience you
gotta get that time you got to put the effort in if you're not putting in the
effort and no one's gonna do it for you you got to spend the time yeah that's it
there you got a tree you got to see these stocks you gotta see how they move
yeah see how they react how are they reacting what's the movie what's the
volume what's going on there's so many things happening you gotta be able to
absorb all that in absorb it absorb and stop focusing so much on the strategy
itself if you're making money screw them make money let's do it if you
guys haven't already do me one big favor well hit that subscribe button
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