so you want to progress as a day trader
you want to get better
every single day and you want to know
which pairs you need to start trading to
get better
and to start growing in this video i'm
going to show you the steps that you
need to
take in order to become better and
spoiler alert
it's not trading more pairs
[Music]
welcome back to the channel everybody my
name is artie and this
is the moving average a show where we
discuss everything day trading to keep
you profitable on a consistent basis so
let's just jump right into it
the first thing that any new trader
needs to do is
learn the fundamentals so that's rule
number one
learn the fundamentals getting the
basics of trading down is
extremely important you need to learn
how to read charts you need to know
which indicators are
useful and which ones are useless we all
start somewhere
and that's the starting point you need
to learn how to do technical analysis
you need to learn market structure
you need to just basically watch all of
my videos i've got a new playlist where
i've ordered everything in order
from a to z which ones you should watch
in which order
so that is the beginners playlist it's
right here once you've done that step
number two is going to be to open up a
demo account
i don't want you to actually start
trading real money because when it comes
to trading real money
it's a mental game when you start seeing
those red numbers
and your trade is going negative
something happens inside of you that i
can't explain you have to feel it for
yourself but you will close a trade nine
times out of ten
when it's negative because you don't
want to lose any more money
it's weird but what you need to do is
develop your strategy
and actually test it on demo over time
to gain the confidence to know that that
strategy works
and to understand like okay now i'm in
draw down
it's going to go in the direction that i
expected if it doesn't hit my stop loss
and you need to let your trades play out
so again
step number two demo account step number
three is a weird one it's
give it time um nobody's gonna get good
at trading in one week
it's impossible unless you're the dude
from limitless with the little clear
you know so just give it time practice
practice practice back
test watch videos on youtube learn more
and more and more and more and
eventually you'll get to the point where
you just feel comfortable with your day
trading okay now for the juicy part
a lot of people think that you know when
you start trading the markets you know
you get into forex
and you start trading euro usd because
it's the most common pair
and then you grow into gbp jpy
and then you get into indices like us 30
and then once you've mastered that you
get into crypto because crypto's all the
rage
and that's not how progression works
basically what you're doing
is you're starting off at step one
learning it you're like cool i want to
get onto step two
and you think step two is gbp jpy but
it's not
gbp jpy is a completely different beast
than euro usd
so what you're doing is redoing level
one and then you move to indices and
it's a completely different beast
so you're redoing level one again what
you need to do to progress as a trader
is find the two or three things that you
can trade consistently on demo
and master them delete everything else
off of your screen
you shouldn't have 97 different
symbols in your watch list i do this to
show specific examples for my videos
my actual trading list looks like this
you have to pick
three instruments that you want to
master and stare at them
and study them every single day once you
master those things
that is progression treating us 30 like
your best friend and you know exactly
what they're gonna do before they even
do
that's progression in day trading
mastering
a thing is better than trying new things
and getting better at them because then
you're gonna be slightly decent
at everything versus lethal on one
so that's rule number four and rule
number five when it comes to progressing
as a traitor
is to stick with the plan so many people
and i mean i'm guilty of this too so
many people
start with their strategy it's starting
to work out they're making some money
and then it fails and then it fails and
then it fails and they completely
throw it away and start looking for the
next best thing that is the biggest
mistake in day trading because you have
to understand you're going to have
losses
your strategy works a certain percentage
of the time
and if those losses come in sequence
you get frustrated with your strategy
and you think it doesn't work anymore so
you go looking for the next best thing
instead of continuing on your strategy
and waiting for those wins to start
showing up again
so pick a strategy stick with it
it'll work out you have to look at the
percentages over time you're not going
to become a millionaire overnight doing
this
you have to be consistent and seriously
seriously diligent
so if you guys are still watching this
video guess what that means that you
like the videos so
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and we will see you in the next one