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Why Traders Fail: Common Fixes — Full Breakdown & Transcript

Why Traders Fail and How to Fix It

0h 43m video Published Mar 20, 2025 Transcribed Aug 12, 2026 Day Trading Addict Day Trading Addict
Beginner 10 min read For: New and intermediate traders struggling with emotional discipline and looking for practical habits to improve profitability.
AI Trust Score 68/100
⚠️ Average / Some Fluff

"Title promises a direct explanation of trading failures and fixes, which the stream delivers, though padded with chat interactions and off-topic banter."

AI Summary

In this live stream, a trader discusses the most common reasons why traders fail, focusing on often-overlooked practices like backtesting and journaling, as well as emotional traps such as FOMO and revenge trading. He emphasizes that trading is a personal problem-solving process, and shares advice on realistic expectations, risk management, and the importance of demo practice before going live.

[01:58]
Backtesting is a key overlooked practice

Many traders fail because they skip backtesting. It is tedious and personal, but it gives you the numbers you need to understand your edge and build familiarity with your strategy.

[04:34]
Journaling goes beyond taking notes

Journaling means taking screenshots, breaking down your trades, and figuring out why you lose or win. It is a critical self-analysis tool that most traders neglect.

[07:02]
Trading is problem solving

Every trader has unique problems (FOMO, distraction, revenge trading). Success requires constantly identifying and solving these problems every time you make a mistake or blow an account.

[09:35]
FOMO and revenge trading destroy accounts

Common emotional traps include getting angry after a loss and doubling down to make money back. This leads to blowing up accounts. A viewer admitted these were his issues.

[10:33]
Risk size affects emotional control

If you are risking an amount that genuinely hurts to lose, you are more likely to get angry and make revenge trades. Lowering your risk per trade helps you stay logical.

[11:13]
Unrealistic expectations lead to failure

People expect to be profitable in weeks because of social media. In reality, trading is like a business; it typically takes 6 months to a year to become consistently profitable.

[16:14]
Market volatility increases when prices drop

The VIX measures volatility, and it spikes during sharp market drops. This can be good for day traders (bigger moves) but requires wider stop losses to avoid getting stopped out easily.

[19:12]
Each trader has a unique problem

Line up ten traders and each one has a different issue: FOMO, distraction, revenge trading, or overtrading. You must dig deep and solve your own specific problem.

[26:26]
Knowing yourself is the holy grail

Understanding your own limits (e.g., max trades per day, when to stop) is crucial. One viewer knew one trade was fine but more than three was a disaster—self-awareness prevents blowups.

[35:17]
Demo trading is essential practice

Demo trading is not a waste of time; it is practice. You sharpen your skills before going live, just like athletes practice. It doesn't replicate live pressure, but it prepares you for it.

[38:35]
Performing under pressure is the key to elite skill

Under pressure, people perform differently. The key is to get used to performing under pressure, which is why many fail despite practicing—this is where elite trading skills are developed.

The core takeaway is that trading failure is rarely about missing a 'secret' strategy; it's about skipping fundamental work like backtesting and journaling, and failing to control emotions. By solving your unique problems, setting realistic expectations, and practicing under pressure, you can build lasting profitability.

Mentioned in this Video

Tutorial Checklist

1 01:58 Backtest your trading strategy thoroughly to gather quantitative data and understand your edge.
2 04:34 Journal every trade with screenshots, breaking down wins and losses to identify patterns.
3 07:02 Approach trading as a personal problem-solving exercise; list and solve your specific mistakes one by one.
4 10:33 Lower your risk per trade to a level that won't cause strong emotional reactions when you lose.
5 26:26 Define strict personal rules, such as maximum trades per day and a cut-off time, based on your self-awareness.
6 35:17 Practice on a demo account to sharpen skills, then transition to live trading and focus on performing under pressure.

Study Flashcards (7)

What are two often-neglected practices that traders skip, according to the speaker?

easy Click to reveal answer

Backtesting and journaling.

01:58

What is the 'holy grail' in trading, per the speaker?

easy Click to reveal answer

Knowing yourself (self-awareness about your limits and patterns).

26:26

What is the main purpose of demo trading?

medium Click to reveal answer

To practice and sharpen skills before going live, even though it doesn't replicate live pressure.

35:17

What should you do if a loss makes you angry and tempts you to double down?

easy Click to reveal answer

Lower your risk size and avoid revenge trading.

10:33

How long does the speaker say it typically takes to become profitable?

medium Click to reveal answer

6 months to a year, with a year being a more realistic timeline.

12:14

What does the VIX measure?

easy Click to reveal answer

Volatility (it spikes when the market drops sharply).

14:36

What advice does the speaker give for trading pre-market?

medium Click to reveal answer

Same as regular market: look at the trend, draw support/resistance levels, and don't buy too close to resistance.

27:59

💡 Key Takeaways

🔧

Backtesting is an overlooked edge

Directly points to a actionable habit that most retail traders ignore, and links it to gaining a statistical edge.

01:58
📊

Realistic profitability timeline

Sets a clear expectation (6 months to a year) that counters the instant-profit fantasy from social media.

12:14
⚖️

Knowing yourself is the holy grail

Emphasizes self-awareness as the ultimate trading advantage, which many strategies don't address.

26:26
🔧

Demo trading as necessary practice

Debunks the idea that demo trading is useless and frames it as essential skill-building before live risk.

35:17
💡

Performing under pressure develops elite skills

Explains that the difference between average and elite traders is handling pressure, a key psychological insight.

38:35

[00:14] live. I'm not too sure. Uh first time going live on this sure. Uh first time going live on this vertical.

[00:26] Uh today we're going to talk about um why most traders fail and um how to um why most traders fail and um how to fix it. How to fix it. Okay. Um shout out to you guys. Hold on. This

[00:39] Um shout out to you guys. Hold on. This is in my face. That is crazy. Hold on is in my face. That is crazy. Hold on guys. Sun is in my face. Let me move this car real quick. Oh shoot.

[01:02] Yes, yes, yes. We are live. We are live. Today we going to talk about um um why traded fail and how to fix it. Shout out to you. What's going on,

[01:17] first time going live on this vertical uh platform. Um all right, so let's talk about it.

[01:29] So I would say first thing the reason why traders say first thing the reason why traders um fail is because uh let me get a soundtrack. Can you guys hear me? You guys can hear

[01:46] me. Put a yes in the chat if you can hear me. let me Uh All right. So, one thing that I know why traders

[01:58] fail is because of back testing, right? And back testing is one of those things that a lot of traders don't talk about. And it's usually the things that people don't talk about the most is the reason why or

[02:14] is the reason uh is the thing that you probably need to work on the most. And in general. Uh this is not just only when trading. This is uh in life too. A lot of things that people don't talk about a lot of times those are the

[02:29] things that you need to work work on, you know. So back testing is definitely one of the things that traders need to work on. Um, and another thing is journaling, right? That's another thing most people don't talk about. And it's

[02:42] again, it's usually the things that people don't talk about the most or the things that you need to work on. So, back testing um is a thing that is very personal. Um, it's tedious. It's something that

[02:56] something that um it could get annoy annoying. Okay. um especially if you back test the way I back test. But it's worth it because number one, it's going to give you the

[03:10] numbers. You need your numbers. You need your numbers. You need to rely on your numbers. You need to um get familiar with your numbers. Okay? Understand your numbers. Um and then once you understand your numbers, um

[03:24] is going to give you the edge that you need and also going to give you um just need and also going to give you um just basically um the numbers in general. So back testing is one of them. Um journaling is definitely another one. Um

[03:38] make sure you journal, make sure you take your screenshots. Um and um and this guys, this this live stream is a stream is a um is Q&A too. So if you have any

[03:52] um is Q&A too. So if you have any questions, let me know. it froze. You guys can hear me. You said the the live stream froze a little

[04:06] the the live stream froze a little bit. You can hear me goodness. I need to move from the spot then. Somebody said they can hear me.

[04:21] They came back on. All right, cool. Um yeah, so journaling um is definitely another thing that a lot of people don't talk about and again

[04:34] don't talk about you need to work on. So journaling, the thing with journaling is it's not just taking notes, it's usually uh taking screenshots, breaking down your trades, figure out uh why you're losing,

[04:47] trades, figure out uh why you're losing, why you're winning, and um you know go from there. Uh now the last thing would be um what is the last thing I had in mind? Um it's basically man I forgot the last

[05:00] thing I wanted to talk about. Now before we um before we go to the last one uh guys if you have any questions let me know. Type in a questions. Shout out to everybody. Shout out to um

[05:17] Mikey. Shout out to um Jason in the chat. guys? Um, man, what's the last one? What's the last one? It's the last one I

[05:30] wanted to talk about, man. Man, man. All right, it's going to come to me. All right, let's go to some questions. Uh, what's your to some questions. Uh, what's your favorite stock to trade? Um, I trade the

[05:43] favorite stock to trade? Um, I trade the NASDAQ. So, uh, NASDAQ is, um, is pretty much, uh, what I trade. And trade. And uh, that's about it. Let me see anything

[06:03] [Music] else. Are copy traders, multiple are copy traders for multiple pro accounts good to use? I'm not too sure. I don't know. Um, maybe somebody in the chat can ask, you know, answer that. I never

[06:17] really use prop firms, you know. I I I mainly trade, you know, my capital, so I'm not too sure about

[06:34] that, bro. I I get close. I get close every time and then I blow it um my account last second. It's very we uh weird. I cannot control my emotions anymore. I'm about to stop trading completely but because it's too much. Um

[06:49] completely but because it's too much. Um even uh let me ask you a question. Um even uh let me ask you a question. Um when you're about to blow your account

[07:02] common reason why you're going on tilt and account? Because the thing with trading is a lot of people don't know it's all about problem solving. Okay. So,

[07:18] um I'm I think I'm going to move this cuz I don't know. I think I'mma move. You guys can still hear me, still hear me, right? Cuz this is my first live

[07:34] right, cool. Yeah. So the thing about trading is um is is literally all about problem solving. So every trader has their own problems. Okay. So that's why sometimes it's very

[07:49] Okay. So that's why sometimes it's very hard for like a trader or or you know if you ask a question it's hard for me to give you an answer unless you give me a specific um you know thing or I can actually look

[08:03] at your chart and then I can give you a reason because every trader is not the same. So, um, you have to basically problem solve every single time you make a mistake, right? Every single time you

[08:19] blow up. It's just a constant problem solving. Okay? So, let's say one week, you know, you're doing good and you mess up. Well, that could be maybe FOMO. All right? And then let's say you let's say you you know figured out that

[08:36] problem, you solved it. All right, and you're doing good for two weeks. Then another problem might come up. Okay, that problem might be revenge trading. Well, you got to solve that problem now. So trading is literally is about problem

[08:49] So trading is literally is about problem solving, right? Problem solving and uh and you just have to correct your mistakes. So, my question to you is, are you seeing um any bad habits before you blow up

[09:06] your account? Uh even shout out to you, man. Cuz I I know what you going through. I know a lot of people are in that situation where they get close. They get very close and then just blow it

[09:21] up. So, shout to you. Uh maybe you need to take a break, but make sure that you just dig deep and find your problem, you just dig deep and find your problem, man. Okay, so even said it's FOMO and

[09:35] revenge trading for me. Okay, so shout out to him for being, you know, uh you know, to tell the truth. So FOMO and revenge trading for me. That's even um

[09:48] that's why he's losing his account. And he said he gets really pissed off and he lose and then he double down. Okay. He gets pissed off. He lose and Okay. He gets pissed off. He lose and then he double down. Man, I think a lot

[10:03] of people go through that, right? uh you take a trade, you get pissed off uh you take a trade, you get pissed off and you try to make your money back and

[10:19] to blow up. So the best thing to do in that situation is actually let me ask you another is actually let me ask you another question even are you risking a

[10:33] lot when you when you lose because another cuz another reason why you get mad when you lose is cuz you maybe you're risking a you're risking a lot. So are you risking a lot? If you're

[10:46] risking a lot that's going that's going to piss you off. Okay. Okay. So, let's say for example, you're risking $200 on a trade and you know for a fact that $200 is going to hurt you. So, you lose that. Boom. Next thing you know, you're

[11:01] pissed off that you lost that $200. So, are you risking an amount that is hurting you? Why you taking that trade? Keep that in mind. You know, uh let's go

[11:13] some more questions. Um the last thing the last thing why traders fail now it mind is unrealistic expectations. People come in this game and they want to be profitable in a

[11:30] month, two months, 3 months, in a week because they look at social media, right? And you have to understand that trading is literally like a business. It's just it's just just what

[11:45] business. It's just it's just just what it is. It's a business. And um Okay. So you have to have that realistic expectation when you come in. understand

[11:59] that, hey, it could take time usually depending on who you learn from and depending on your dedication, your motivation and if you're locked in and motivation and if you're locked in and you're not really you correct the

[12:14] mistakes, you know, you you have to understand, man, you know, 6 months to a year and six months is being generous. You know, a lot of people can't even do it in six months, you know. So you you have to understand a year

[12:29] in, you know, is where you probably going to catch on. Uh someone said, "Do I gatekeep?" I don't know what you mean by that. Uh you check check out my live trades on the on the um on the um Omar

[12:44] channel and all when you check out my live trades, all you have to do is um they call um reverse engineer. Yeah, reverse engineer my trades. That's it. Look at

[12:58] my live trades. Look why I took the trades. I I every time I I I show you guys my live trade, I explain why I took the trade, what level I was looking at. Just reverse engineer it. No gatekeeping. It's hard to gate when you

[13:13] [Music] Um let me see here. Let's go to some

[13:27] What's going on, Jimmy? Shout out to you. Troy, shout out to you. All right, you. Troy, shout out to you. All right, let's go into um some more questions

[13:40] good." Thank you, man. Appreciate it. Appreciate you, man. Thanks a lot for subscribing. And if you're not a subscriber, uh, hit that, uh, first hit that like button and hit that subscribe button, too.

[13:53] Um, okay. Someone said it been so volatile lately. It has 100% correct. volatile lately. It has 100% correct. Um, NASDAQ been volatile and um, yeah, pretty much the markets because overall

[14:07] um, you know, the news, I'm I'm quite sure you're keeping up with the news. Um, what's going on with the president, whatever. He's doing his thing. and the market just been been dropping. So, usually when the market drops, okay,

[14:22] the market gets volatile. Okay. So, if you look at the VIX, uh let me show you if I can show you the VIX. The VIX is a uh the basically it VIX. The VIX is a uh the basically it measures um volatility, right? And if

[14:36] you go to the VIX, okay, every time you see the market drops, that means that the volatility goes up. Okay, so

[14:48] that the volatility goes up. Okay, so let me So right here, okay, right here is where let me see let me let me zoom out. Let me zoom out for you.

[15:06] going down. Okay. Going down, going down, going down. So, when it goes up, down, going down. So, when it goes up, the VIX the VIX goes up and basically the the market gets more volatile. So, every time the market shoots

[15:19] down, the moves in the market gets more volatile, uh your stop loss, the candles actually gets more wider. So, most likely your stop loss are your uh your stop loss has to, you know, it's going to be bigger.

[15:34] to be bigger. Um, this is where I think we had um, let me see. I'm I'mma go past. This is the pandemic right here. So, you see how the pandemic right here, the VIX goes up. Boom. So, every time we have a

[15:48] sharp a sharp drop in the market, volatility goes up. Okay? So, keep that in mind. Every time the market goes down, spikes up, okay? The volatility

[16:00] wilder. uh candles candles gets uh candles candles gets bigger and um the market gets very very volatile. So, believe it or not, that's good for

[16:14] day traders because when the market is more volatile, you can actually um you know get bigger moves. But at the same time, if you're not if you're

[16:29] not used to that, you know, it could be dangerous too at the same time because your stop losses like if you if you're, you know, um used to maybe a tight stop loss, you got to widen a little bit more. So, got to keep that in

[16:48] mind. Uh let me see some more questions here. the beginning. Uh stop loss 200 ticks, TP

[17:00] 1,000 ticks, 12 wins. Shout out to you. 100 uh 150 per contract. Let's get

[17:13] doing this week? This week kind of slow for week? This week kind of slow for me. Back and forth. I've only traded uh me. Back and forth. I've only traded uh 3 days so far this

[17:32] tomorrow. Uh is your course still on sale? Yeah, just check the um sale? Yeah, just check the um description. Not this video, but my last

[17:48] "Do I buy out the money and how far do I buy um out the money?" So, you're basically um it sounds like you're option trader and I don't really trade options. I trade futures. So, um shout out to you, man. I traded futures and

[18:04] futures uh we don't really um look at out the money in the money in the money and all that.

[18:16] D Tina said, "I love your videos, man. Shout out to you." He said, "Thanks for being real." No problem, No problem, man. Uh Leonardo said, "Glad to see you

[18:28] live. I went through your course." God bless, man. Shout out to you, man. God bless you, too, bro. All right. Here's another one. Uh, for two years, but like you said, homie, um, you

[18:43] have to figure out why you're losing. Lower your lot size. Yes, that's what it is, man. You got to lower your lot size. Figure out why you're losing. Again, trading is all about problem solving. Literally, guys. Literally, I

[18:58] guarantee you, you can line up 10 traders. All right? You line up 10 traders. different problems. Okay? One trader might have a FOMO problem. The next

[19:12] trader might have a distraction problem. The next trader might have a revenge trading problem. Next trader might have, you know, he trading too many things at one time. Okay? So, every trader is going to have their unique problem. Um,

[19:26] going to have their unique problem. Um, so this is why trading is so personal and this is why you have to dig deep and problem solve.

[19:43] started was just rushing, not to, you know, not really back testing too much, looking at one one video and just going

[19:58] live. Right. The next problem I had was I Right. The next problem I had was I wasn't really journaling, taking wasn't really journaling, taking notes and

[20:14] out why I was losing. Ben, can you do futures prop ch uh prop challenge? Um I gotta look into the prop firms. I've never really looked into prop firms uh because um the rules and

[20:29] stuff. Um but you know, maybe I'll look into it in the future because of the rules, you

[20:41] know, but uh we'll see. We'll that's a million dollar question right

[20:54] question right there. How do you keep yourself from revenge trading day by day, brother? Day by day, man. Um, it's a it's almost like how do

[21:06] drinking, right? If you have a drinking problem, how do you stop smoking? If you have a smoking problem, how you stop, you know, if you want to lose weight, how you stop eating bad food? It's like literally, man, it's a million dollar

[21:19] question. But I'm I'm telling you right now, the the best the best answer, it's literally day by day, brother. You know, day by day. It's a um it's a it's a conscious effort on your part. Uh where you have to say, "All

[21:37] right, I got to lock in. Enough is enough." You know, sometimes we all got to go through like a a breaking point where we we we at we are at our where we we we at we are at our lowest and we can't take it no more. You

[21:51] like, "All right, man. Enough is enough, man. I can't do this no more. I can't keep on losing. I can't keep on blowing my accounts. I can't." So, we all go through that, you know, that that um that breaking point and and

[22:06] um that breaking point and and uh you just got to take it day by day. you is you have to be conscious about it, right? So every single day you wake

[22:18] up, you are reminding yourself, okay, today I'm going to work on revenge trading. Okay? And now and not only that, while you're trading, okay, before

[22:30] you about to hit that buy button, listen, Ben, do not revenge listen, Ben, do not revenge trade, okay? you take that trade even if it's a loser remind yourself no revenge trading okay so

[22:45] that's one way to do it this is like a constant I mean a a constant reminder because believe it or not our mind always um loves to go on autopilot

[22:57] always um loves to go on autopilot so we have to constantly remind oursel not to do things you know and it sounds silly and it sounds simple but I'm telling you right Oh, it it it's something that you have to do. It's like

[23:11] a you know, you have to literally constantly remind yourself not to do silly things. Yo, don't do that. You know, before you wake up, I will not revenge trade. I will not revenge trade before

[23:25] you press that buy button. I will not revenge trade at while you in a trade. Okay, this might be a loser, but if this is a loser, we're going to take that L like a, you know, like a soldier. We're going to take that L and

[23:39] then we going to live with it. Don't revenge. So, it's like a you got to literally constantly remind yourself not to do bad things. I know it sounds silly, but I'm telling you, man. It's like, you know, cuz our mind loves to go

[23:55] like, you know, cuz our mind loves to go on autopilot, loves to just run, you know, by itself. And when that autopilot takes over, it's a wrap. You going to revenge trade like crazy. You look like, yo, yo,

[24:08] I just lost $200. I got to make it back. I got to make it back. And that's not that's your subconscious talking. You know your sub once your subconscious

[24:20] take over it's a wrap. So that's why you have to constantly remind yourself you

[24:37] questions real quick. Uh do you trade uh any forex? Um I used to but now I'm just any forex? Um I used to but now I'm just NASDAQ you know.

[24:57] Man, I don't know if you guys uh saw my last video, but my voice wasn't on point. It's now getting back normal.

[25:27] your videos. I keep telling myself, don't do this. Cut it off at noon. Shout out to you, bro. No more uh more than one or three maximum trades. That's That's how you do it, man. you know, you have to have a cutout point. You have to

[25:42] have to have a cutout point. You have to have strict rules. Um, me again, you have strict rules. Um, me again, you know, three losers, I like to cut it

[25:57] off. Um, someone says, "My results show me one trade. I'm good. More than three trades." Um, he said more than three trades. Uh, I don't think he finished the census, but I'm guess I'm guessing

[26:12] more than three trades you is not good. And guess what, Ivan? That's the name of the game. Once you know

[26:26] That's the holy grail, guys. Knowing thyself, knowing yourself is the holy grail. So Ivan said he knows that if he takes one, his results showed him one trade and he's good. If he takes more

[26:41] than three trades, it's a wrap for him. So he knows himself. Okay, I know myself. I know that I can't trade all day, you know.

[26:58] p.m. If I keep trading, I'm going to start seeing things on the chart. that's not there. I'm going to take a trade and and basically, you know, I'mma see a but I'm just going to take it just because. So, I know that I can't trade

[27:13] from 9:30 all the way to 4:00 p.m. So, no on this live uh stream, um shout out to you, man. I appreciate

[27:29] that like button, hit that subscribe button if you want just learn more, you I'm going to do more of these live streams, kick it back. Um, get to know my audience a little bit, you know. Um, let me see. Ben, do you have any advice

[27:45] trading pre-market? trading before the market? Um, I don't really trade premarket, but

[27:59] if you do trade pre-market, it's the same um as you trade in uh the regular market. Okay? So, um, no no adjustments. Just make sure you're looking at the trend. Figure out the market is doing. Um, draw your levels. Make sure you

[28:13] understand where that where's the resistance, where's support. Um, you really don't want to buy too close to resistance. All right? And, um, you know, take it from there. This is pretty much the same as you trade in regular

[28:26] open. It's just less, you know, volatile. It's not going to move as fast volatile. It's not going to move as fast as the

[28:44] Um I have a program. Uh I'm thinking about coming out with a about coming out with a um you know like a um community like a live you know live

[28:59] trading but right now I just only have a a program.

[29:17] are your candles in the chart? Um, man, it varies. On a five minute chart, it varies. It's not the same every candle. Someone said, "Wishing you all

[29:32] away from South Africa." Shout out to South Africa. That's a place I want to visit. I got to figure out where exactly South Africa, you know, but that's somewhere I I would mind my visit, take a trip South

[29:59] doing a meetup, too. What is a good R for beginners? And to reward. If you're talking about risk to reward, anything over two, you know,

[30:14] money. If you could do three times your money, even better, you know. Uh, someone say, "Yeah, keep the lives coming." Yeah, you know, definitely coming." Yeah, you know, definitely um might consider this.

[30:34] me see. cuz I'm about to wrap this someone said, "I'm planning to visit India." Um, that's a good place. You

[30:49] India." Um, that's a good place. You never your opinion? Uh, all platforms has should have some

[31:04] demo. It's really no best. It's just So, it's really no best. It's just what market you want to trade, what broker you want to trade. There's no best, though. Don't get caught up in in

[31:17] trading, guys. Do not get caught up in the best. Do not get caught up in that, you know. Um, that's going to make you um what's the word? It's going to try to make you a perfectionist. uh in this game being a perfectionist

[31:30] not it's just yeah it's not going to work. So just this um just try this just go in this demo. Remember you're not losing no your money anyway. But um I I traded futures market and I trade amp

[31:47] uh with AMP futures. Trying hard but the boss and no freedom is much harder. I know man. I feel you bro. I feel you man. It's tough feel you bro. I feel you man. It's tough man. It's tough.

[32:07] Town is cool. Yeah, I heard about that. I heard about Cape Town. Thanks for this live, bro. Um, I've been watching your videos. I'm new to trading. All right. Shout out to you, man. Creed, shout out to you,

[32:26] bias, man. I think you have I think it's healthy to have a bias. I I do hear traders say, you know, you shouldn't have a bias, but I think it's healthy to have a bias because a bias is going to show you or

[32:39] because a bias is going to show you or it's going to just give you know. So, like for example, if the market opens up, right?

[32:51] And let's say it's trending up, okay? my my bias is going to be long, but I'm also going to say, listen, if we break this key support right here, I'm going to look for shorts, too, you know? So, I

[33:08] can change my bias. I could change my bias, but I don't mind having the bias. What's the best time after the open?

[33:20] know. Um I usually you know like you can get your is usually at I would say 10 minutes after the

[33:33] minutes after the open. So anywhere from 10 15 minutes I would say 10 to 15 minutes after the open you you know you you definitely open you you know you you definitely should be looking for opportunities.

[33:53] What do I think about quarter cycle theory? H I don't know. I don't know. I didn't really I don't think I researched that

[34:12] man. does trading with paper money um reflects Okay, so basically he's saying that trading with paper money is

[34:24] saying that trading with paper money is it like trading with uh real money? No. Okay. And we about to wrap this up, but let let me touch on that real quick because there's a lot of traders online that will tell you that um hold on, this

[34:37] sun is in my eye. There's a lot of trades online that will tell you that uh demo trading is a waste of time, right? And um let me back up a little [Music]

[35:01] Yeah. Oh, let me let me move it this way then. Oh, all right. There's a um some traders will tell you that um demo trading is a waste of time and that's not true. I'm going to tell you

[35:17] why. Everything we do in life, we have to practice first. We playing basketball, we have to practice first. NFL, practice first. Boxing, practice first. Practicing, okay, is

[35:32] not never well practicing is never going to be the real thing. Practicing is is a to be the real thing. Practicing is is a thing that is going to help you with the thing that is going to help you with the real thing. Okay? Practicing is is is

[35:46] the thing that's going to help you be prepared for the real thing. Now, check this out. When you go and you go live, then you have to get used to the

[35:58] Okay? When you get used to live, that's a different skill. But practicing and going live is two separate things. And people just don't understand that part. Okay? They don't really understand that when you go on

[36:16] that when you go on demo, it's not it's not, you know, we all know that it's not going to feel like the real thing, but that's not the whole point of a demo. The whole point of a demo is for you to sharpen your

[36:28] skills. Okay? So, this is how I get everybody. This is how I get everybody. Okay, let's say that you want let's say that you want to let's say let's say your life is on the line, right? You had 10

[36:43] the life of the line. Let's say that, okay? Let's say you only you you had $10,000 in your in your had $10,000 in your in your um in your trading account,

[36:56] okay? And you had a choice. You have 10 traders. 10 traders never touch the demo. Never

[37:08] touch the demo. And you know, and then next 10 traders, they actually practice next 10 traders, they actually practice in the on demo, right? Which group would in the on demo, right? Which group would you pick? And remember remember, okay,

[37:21] this is your last $10,000. Okay, this is your last $10,000. So, if if whoever's trading this this $10,000, it's a possibility if you lose this is a wrap. Your $10,000 is gone.

[37:34] What group would you pick? The person that never demo at at all. Yes, they that never demo at at all. Yes, they study videos online, but they never demo

[37:47] at all. And then the next group, demo. Which one would you trust with your money? Okay, I would go with the demo, guys. Why? because I know that at least they practice. Okay, that at least they know something about the market. Now,

[38:01] will they perform the same while the market is live? Of course not. You know, example, if you play basketball, right, you will see a lot of people during Lights out. But when the real game comes, they

[38:18] hitting bricks. Why is that? Because they are under pressure. When when you are under pressure, you perform differently. The key is you have to get used to performing under pressure. That's the

[38:35] key. And that's where you develop elite skills. This is why, you know, a lot of people can't become NBA players, a lot of people

[38:47] become NBA players, a lot of people can't uh become profitable traders is that performing under pressure is going to make you elite. pressure is going to make you elite. Okay? So, I would practice on

[39:01] demo, but definitely you want to go live and you want to get used to performing under pressure. Um, shout out to you guys. I appreciate you guys. I'm about to wrap this up. Uh, shout out to

[39:14] out to you, man." I love you guys, man. Um, hit that like button. Um, he said, "Ask ask Alan uh Iverson about

[39:30] Um, I'mma I'mma two more questions. I'mma get two more questions. Someone said good scanner for stocks. Believe it or not, good scanners for

[39:42] that comes with the market. I mean with the broker. So TM Med trade, they got good scanners. Um they got actually got good scanners. Um they got actually got um guys online on YouTube that has um

[39:55] look them up. Um just type in like premarket scanners. premarket scanners. Boom. They got scanners already. So, just look at the top, you know, the top runners for the

[40:08] day. All right, let me see. Two more questions. We make it millie? Shout out to you, man. Yeah, man. Let's do

[40:27] market are you trading? You said what broker? What market are you trading?

[40:39] Uh, my favorite candlestick confirmation. Um, some type confirmation. Um, some type of double

[40:56] test, you know. So basically we try to go up once So basically we try to go up once twice some sellers is at that you know

[41:17] um the market shoots up buyers look like they're going to take control But they can't. There's no

[41:29] continuation. There's no continuation on on strong buying. That means that most likely uh sellers are trapped. I'm sorry. uh sellers are trapped. I'm sorry. Buyers are

[41:44] is it in the description? Not in this video, but check my last video. What's the best strategy? Shout out to you. Um, honestly, when it comes to trading, there's no best. So, whatever fits you. So, um, I I like simple things, man. I

[41:58] So, um, I I like simple things, man. I like simple things. Um, be careful when people tell you, um, oh, this is the only way to trade. Be careful with that. Um, because that that's that's not

[42:11] Um, because that that's that's not that's not true. Is what fits you. Um, I like simple. So, I just like key levels, you know, looking at, you know, yesterday's high, yesterday low, like resistance,

[42:26] support, looking at, you know, levels where the market is having, you know, problems breaking and then all of a sudden it breaks that level and then just come back and retest it. I ain't looking for that that nice little

[42:41] retest. Um, simple stuff, man. Simple stuff. And then once you have those simple things in mind, all you got to do is back test. Come with a strategy, man. But from my experience when it

[42:56] comes to trading, simple rules. So, there's no best. Um, all right, man. Guys, shout out to you guys. We will definitely need to do this more often. Um, I'm going definitely do some more live more often. Hit that like

[43:11] button. Hit that subscribe button. Appreciate you guys. We out. We out. I don't even know how to end this live stream. I think I know how to end this. man. I appreciate it. I hope I'm trying to drop a a video on Saturday, but I

[43:24] Shout out to everybody. I appreciate you guys. Let's get it. Let's get

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