Episodes
18 hours ago
What is Trading “Volume”? (Trader 101)
18 hours ago
18 hours ago
In this video, I explain the concept of trading volume, a fundamental term in the world of day trading and swing trading. Trading volume refers to the number of transactions involving a particular asset, such as stocks or cryptocurrencies, over a specified period. By understanding trading volume, you can gain insights into market activity and liquidity, which are crucial for making informed trading decisions.
Using simple analogies and real-world examples, I illustrate how trading volume is calculated and why it is important for traders. For instance, the video includes a virtual chalkboard session where I demonstrate the exchange process using apples as a metaphor. Additionally, I showcase how trading volume is reflected on my trading platform and discuss its implications for buying and selling assets.
High trading volume indicates a high number of transactions, which generally leads to better liquidity and higher chances of executing trades at desired prices. Conversely, low trading volume can result in reduced market activity and difficulty in finding buyers or sellers. This video aims to equip you with the knowledge to interpret trading volume effectively, enhancing your trading strategy and market understanding.
3 days ago
A Hidden Trap for Us Day Traders
3 days ago
3 days ago
In this video, I discuss a significant trap that day traders often fall into and how it can lead to substantial losses. Drawing from my own trading experiences, I highlight the importance of recognizing this trap and managing risk effectively. By analyzing a real-world trade, I illustrate how psychological factors can influence trading decisions and the necessity of maintaining discipline. This video aims to provide insights into managing losses, avoiding revenge trading, and adhering to a consistent trading strategy to ensure long-term success.
5 days ago
5 days ago
In this video, I discuss essential strategies to make your life easier as a day trader. Contrary to popular belief, there is no magic solution; instead, success in trading comes from consistent application of effective techniques. The focus is on the importance of obtaining a good entry point, which provides an upper hand and makes trade management significantly easier. I share two examples illustrating how a good entry point can lead to better trade outcomes, including a live demonstration where I made $150 in under one second. The video emphasizes that while aspects like risk management and platform choice are important, they are secondary to securing a solid entry point.
Friday Jul 19, 2024
We’re All Salespeople. Deal With It.
Friday Jul 19, 2024
Friday Jul 19, 2024
In this video, I discuss the fundamental concept that everyone is inherently a salesperson, regardless of their profession or personal inclinations. This topic is crucial as it interrelates with money management, trading, and investing. Understanding the role of sales in our daily lives can significantly impact financial success and personal growth.
I begin by addressing a common misconception that salespeople and businesses are solely driven by greed. While monetary gain is a factor, many also derive genuine satisfaction from their work. I emphasize that enjoying one's work and earning money are not mutually exclusive.
Furthermore, I explain that everyone sells their time in exchange for money. Whether in a traditional job or as an entrepreneur, we are all engaged in the act of selling our skills and time. The key to success is enhancing our skills to increase the value of our time, making it more marketable and profitable.
I also discuss the importance of continuous learning and skill improvement. By acquiring in-demand skills, individuals can command higher compensation for their time, improving their overall financial stability.
This video aims to dispel the negative stigma around sales and encourage viewers to recognize and embrace their role as salespeople. By doing so, they can better navigate the economic landscape and achieve greater financial success.
Wednesday Jul 17, 2024
Trading 101: Open vs. Closed Profit and Loss (P&L)
Wednesday Jul 17, 2024
Wednesday Jul 17, 2024
In this video, I explore the fundamental concepts of open and closed positions in trading, specifically focusing on profit and loss (P&L). Understanding these principles is crucial for both novice and experienced traders. By distinguishing between open and closed positions, I clarify how they impact your potential to earn or lose money in the market. Using a real trading example, I demonstrate how P&L fluctuates with open positions and how it stabilizes once a position is closed. This video aims to provide a clear understanding of how these concepts work within a trading platform and the strategic decisions involved in managing trades.
Monday Jul 15, 2024
Swing Trading: My Favorite Set-Up!
Monday Jul 15, 2024
Monday Jul 15, 2024
In this video, I present my favorite swing trading setup, focusing on the key indicators that signal a high-probability trade. This setup is characterized by a significant surge in trading volume without a corresponding price movement, a phenomenon I call a "volume alert." By analyzing recent trades and demonstrating how this setup has led to substantial gains, I provide a comprehensive understanding of its mechanics and potential. Through detailed chart analysis and step-by-step explanations, I aim to equip you with the knowledge to identify and capitalize on these rare but profitable opportunities. This technical analysis video is designed to enhance your trading strategy by focusing on volume-price relationships and their implications in swing trading.
Friday Jul 12, 2024
Create Dividends for Yourself! Here’s How
Friday Jul 12, 2024
Friday Jul 12, 2024
Use This Link to Get $5 Extra claytrader.com/raise
In this instructional video, I demonstrate how to generate significant dividends for yourself through smart spending practices. By leveraging discount gift card sites like Raise.com, I explain how you can save money on purchases you’re already planning to make, effectively creating a substantial return on your investment. This method is particularly useful for traders and investors looking to maximize their capital. Through a step-by-step process, I showcase how to achieve an 18% dividend on a typical family purchase, such as ordering pizza for movie night. Additionally, I explore how this strategy can be applied to larger expenses, such as home improvement projects, to yield even greater savings. By the end of the video, you will understand how to apply these techniques to save over $2,600 in your everyday spending, emphasizing the adage "a penny saved is a penny earned."
Wednesday Jul 10, 2024
Should Short Selling Be Banned?
Wednesday Jul 10, 2024
Wednesday Jul 10, 2024
In this video, I critically analyze the debate surrounding the potential banning of short selling. This discourse aims to provide a balanced perspective on the implications and misconceptions associated with short selling. My objective is not to convince but to present key arguments, enabling viewers to form their own informed opinions. The discussion encompasses the differentiation between wanting a company to fail versus believing it will fail, the impact of short selling on market dynamics, and the phenomena of short squeezes. By examining these facets, I aim to clarify why short selling should not be banned.
Monday Jul 08, 2024
Are You a Beginner? Use this Trading Platform IF…
Monday Jul 08, 2024
Monday Jul 08, 2024
In this video, I present a comprehensive overview of Webull, a trading platform tailored for beginner day traders. I outline five critical considerations, termed "ifs," to help determine if Webull is the right choice for your trading needs. This analysis emphasizes practical aspects of account size, trading speed, charting capabilities, asset variety, and the importance of practice through paper trading.
Key points discussed include the importance of building good habits regardless of account size, the benefits of trading with a minimum of $500, and the platform's provision of zero-commission trades for those who do not require high-speed execution. Additionally, I highlight the quality of Webull's charting tools, suitable for technical traders, and the platform's support for various assets, including stocks, options, crypto, and futures. Finally, I emphasize the value of Webull's paper trading feature, which allows traders to practice and refine their strategies without financial risk.
By addressing these critical "ifs," I aim to provide a clear and objective assessment to help you decide if Webull aligns with your trading goals.
Friday Jul 05, 2024
The $100 Rule: How Much Money for Trading?
Friday Jul 05, 2024
Friday Jul 05, 2024
In this video, I address the frequently asked question: "How much money do you need to start trading?" I utilize the $100 rule to provide a mathematical framework for understanding this concept. By breaking down different starting amounts and the required percentage gains to achieve a $100 profit, I demonstrate how initial capital influences trading success.
First, I discuss the scenario of starting with $100 and aiming for a $100 profit, which requires a 100% return on investment. This scenario illustrates the challenge of achieving high returns with a small initial investment. Next, I explore the impact of starting with $200, reducing the required return to 50%, and further with $500, where only a 20% return is necessary. These examples emphasize how having more capital reduces the required rate of return, making it easier to achieve financial goals.
The key takeaway is that the amount of money needed to start trading depends on your specific goals. Whether aiming for substantial gains, such as purchasing a private jet, or simply looking to cover monthly bills, the more capital you start with, the easier it is to reach your targets. However, it's crucial to have a solid trading strategy and risk management plan in place. Without these, the initial investment amount becomes irrelevant, as poor trading decisions can lead to significant losses.
By understanding and applying the $100 rule, you can better align your trading expectations with reality and set more achievable financial goals.