How To Become A Profitable Trader In 1 Year

yes yes yes what's going on guys this has been aka day training addict and i have another good video for you guys today we're going to talk about how to become a profitable trader in one year so let's go now in order to become a profitable trader in one year guys or less all right you have to know what not to do so we're going to talk about what not to do today and we're going to talk about what to do to set you guys up this video is about helping you jump start your trading career so you can get that boost so you can be one of those traders that's trading full-time so now let's go to the whiteboard all right so we're gonna talk about what not to do okay so basically guys want to know right what to do and there's nothing wrong with that all right but we're going to talk about what not to do okay the first thing you don't want to do guys is you don't want to chase price so let's say for example let me erase this real quick we have okay price going up right here right and it makes this big move right here and you see this and say oh my god i have to get in guys why because we all know that the market moves and waves so if you get in at the top it's a strong possibility that the market can actually pull back all right so you do not want to change price that's the wrong thing to do when you come in the market you have to have a plan there's no guessing involved okay that's why you know a lot of traders lose a lot of money because they think this is a game okay they think for some reason i don't know why i think trading is a game they think trading is something that you just do on the side all right no this is actually a business trading is a business so you have to treat it like a business right so let's talk about the next thing you don't want to do and that is not taking the next trade right some of you guys freeze up and you don't take the next trade i've been doing this for 14 years so i really know you know a lot about trading and for the most part there's two main reasons why most people freeze up okay number one you're risking too much per trade and number two all right you don't have a complete strategy so let's go back to number one number one you're risking too much right so if you risk too much that means that let's say that you took a 700 loss mostly guys that's watching this video right here if you take a 700 loss you can't handle that right so let's say you took a 700 loss and you said man i got to get that money back right and then you take the next trade and that trade is another 700 you just lost right all right fine you want to try the next trade boom that trade is a loser now you're down 2100 okay and you're pissed off you're mad okay because that's a lot of money to you so you have to understand if you're risking too much and you lose all right and you lose again and again it's going to be very hard for you to take that next trade so let's say that you are following your rules right and so happened that you just had three losers now let's say that next trade is that winner that can actually wipe out all your losers and plus put money in your pocket guess what you're going to be scared to take that next trade because you lost 700 on the first trade you lost 700 on the second trade and you lost 700 on the third trade so you're definitely going to be scared to take that next trade right but if you're following the rules and you didn't break your rules at all that fourth trade can actually wipe out all your losers and put money in your pocket but you're not gonna take it because you're risking too much so number one stop risking too much guys it's gonna hurt you right in the long run it's gonna hurt you number two you don't have a complete strategy so if you don't have a complete strategy guys then guess what you're going to be nervous every single time you take a trade because you don't know if your strategy is working or not right if you have a complete strategy and you back test that strategy and you know it works it's going to be very hard for you to be scared okay to take the next trade because you know by testing out you know the numbers you know that if i take x amount of trade i'm going to be profitable right so why are you scared to take the next trade you're not gonna be scared to take the next trade okay even if you feel nervous yeah you might feel nervous but you're not gonna you know freeze up because you know if i miss that trade that's gonna be money so make sure you have a complete strategy we're gonna talk about that later on right when you're trading guys you have to dig deep so if you're not seeing the results that you want to see guys and you're losing trade after trade after trade that means that you're doing something wrong so you have to dig deep i see you guys all the time for some reason you always trying to you know feel sorry for yourself why me why me or always complain about something but you never want to dig deep you never want to look at the chart and figure out why or you're losing the answers are right in front of you it's on the chart so figure out why is that a loser it could be something simple as you're buying right at resistance figure out dig deep you know i didn't have anybody to help me when i was digging deep so guys you have to dig deep when it comes to your trading look over your trades figure out why you're losing okay or figure out why you are revenge trading figure out you know that thing that triggered you to revenge trade like for me uh when it comes to revenge trading i know for a fact that when i miss out on a trade i get pissed off okay and then i want to make up for that so that is my trigger that that's something that that gets me you know mad so figure that out and when i say dig deep that's what i'm talking about figure out what makes you tick and figure out why you're losing your trades all right if you want to be that profitable trader because if you're scared to take the next trade guess what it's going to be very hard for you to breed that profitable trader in one year or less right because pro traders we get paid to perform under pressure right just like professional athletes that perform in front of 20 000 people or 30 000 people okay that's why they get paid the big bucks because they know how to perform under pressure and we get paid the big bucks too because we have to perform under pressure too right it's money online so i know some of you guys are scared whatever because you know that's your life savings whatever cases but that's why you have to start on a demo first and then if you go live you have to start small so you won't be nervous right but we get paid the big bucks because we know how to perform under pressure imagine seeing your account going down okay one thousand two thousand three thousand that's a lot of stress so you have to understand we get paid the big bucks because we know how to perform under pressure but in order to do that you have to have a complete strategy right and there's always baby steps you can't just jump in the water thinking that you're going to be risking you know 500 per trade or 700 per trade no guys start small work your way up right that's how you actually become a good trader guys now your job as a trader is to be perfect when you are trading the market may not do what you wanted to do that day but at least you are perfect that day so if your rules tell you to get in at a certain spot you get in all right don't let the market control you you control yourself you follow your rules and that's how you become a good good trader take your training to the next level don't let the market control you you control yourself if you're a beginner most you guys trading accounts look like this right for the most part it goes up right and that's because you know you got lucky and then next you know you're breaking rules you're not following anything and it's going down and going down and going down right that's how most trading accounts looks like for the most part right or some of you guys just basically go up and just crash and then go sideways for a long time and that's because you don't have a complete strategy or you might have a complete strategy and you're just breaking your rules and that goes back to controlling yourself right so when you're trading guys you want to be perfect you want to follow your rules because you can control that you can't control what the market is going to do you have to master yourself because that's what you can control right you can't control if the market is going to trend today you can't control if the market's going to range today or if it's going to be slow you can't control that but what you can control is following your rules you can't control you know moving your stop loss you can't control taking the right trade that you can control so make sure you be perfect even if the market is not perfect that day you be perfect you follow your rules that's how you take it to the next level so now let's talk about what to do because you want to become a profitable trader right so let's talk about what to do now you have to know why you are buying okay you have to know where you want to buy right you have to know where to exit okay and you have to know where to put your stop loss at okay and this is how you actually come up with a complete strategy and we're going to look at a couple examples but guys you have to know this if you want to become that profitable trader right because you are competing against the best you are competing against billionaires math wizards scientists vets millionaires and the smartest guys on the planet those are the people that you are competing against so you can't come in the market you know thinking that you could just guess and make money or don't have a strategy you can't do that right so that's why you have to treat this like a business because if you don't those guys that i just talked about they're going to take your money if you don't come in here and treat this like a business and have a complete plan so let's talk about you know the market real quick now most people think that you know the market is random okay and i understand if you outside looking in it might look random but it's not right and i'm gonna give you a couple examples right now so let's say that the market's going up right and we have a nice flag pattern okay and you know the market breaks out just a little bit and stop you out fine you have another one flag pattern right here right the market breaks out gives you from profit right comes back goes up a little bit then stops you out and then we have the last one okay the market goes up right give you that flag pattern okay and then this goes up crazy right now we have three situations what's random guys is actually the profit how much profit you're gonna get per trade every time you take a trade so profit distribution is random guys that's what's random so if you're taking that flag pattern right here you don't know if it's going to be that monster winner or if it's going to be that one that's just going to stop you out you don't know that so that's random but the market itself is not random because these patterns show up every single day okay so let's talk about how can we make this a winning strategy because if you're outside looking in you're gonna say that this is a losing strategy okay why is that well the first one right here you know it stopped you up the second one went up a little bit and it stopped you out again but the third one went up good okay but let's say that you took your profit right here you know and it went up and left you then yes that's a losing strategy because this was a loser right here okay this was a loser right here and then you won right here so this winner will probably take care of this loser but you still lost right here so yeah that's a losing strategy but okay if you understand how to manage your trades then this strategy right here can actually be a winning strategy let me show you now this trade right here the first trade yeah that was a loser because pretty much um you know the market went uh you know just up a little bit and then stop you out fine loser now the next trade okay can actually be a break even or you could take a little profit off that so let me show you real quick so you can either if the market went up right here you can lock in some profits right here okay you can move up your stop loss so if it did come back to hit you okay so let's say the market came back right here who cares because now you're locked in some profits you're good it wasn't a loser right now let's say that you didn't move up your stop loss and you only put your stop loss to break even okay so let me erase that real quick so let's say that you originally had your stop-loss right here okay and then when the market moved up you put your stop loss right where you enter right here right so now your stop loss is right here so if the market did come back right and stop you out guess what it wouldn't stop you out with a loss it would be a break even now let's look at the last trade the last trade guys right is a monster winner so let's say that the market went up you locked in some profits right here right and it kept going up you could keep on moving your stop loss underneath every low right here okay until it stops you out that is a winning strategy when it comes to trading guys you are a manager you supposed to know how to manage your trades right you are a manager so know how to manage your trades most people that come in this market do not know how to manage their trades so yes originally if you looked at this you know chart or this example it was a losing strategy right but the way i just showed you guys this is a winning strategy you only had one loser right here a break even right here okay so let's say that this was a break even right here this one right here a break even and let's say the last one was a master winner it basically wiped out your loser right here plus you made enough okay to actually put money inside your pocket so if your winners can actually be bigger than your losers you gotta win the strategy but you have to know how to manage your trade so the first thing you need to figure out guys is figure out if you want to be a breakout trader or a pullback trader okay figure that out there's nothing wrong with breakouts and there's nothing wrong with pullbacks right me personally i'm more a pullback trader only reason why is because the market is always pulling back right and plus i can actually get more reward a lot of times when the market is pulling back so let me show you an example so let's say that the monk is going out right here right and it's pulling back let's say right here i'm looking at the bot so if i'm looking to buy right here guys i have right this right here okay and my profit is all this right here let's say you know the high is you know my target that's a lot of profit now if your breakout trigger you know you probably have to wait for it to break the high and then you probably risking all this right here just to get a quick one to one there's nothing wrong with that you know especially if it works but the reason why i like to be a pullback trader is because you know i can get three to ones for the ones or even more so figure out what you want to do okay that's the first thing you need to figure out and the next thing you need to figure out guys is what key level you are going to use right i like to use support resistance in supply and demand you can use trend lines you can use whatever you want to use right so figure out the next thing figure out okay what key level okay so let's write that down key level okay figure out what key level guys you are going to use when you are trading you're going to need a key level because that's going to help you wait for the right trades and help you be consistent because you can't just go in the market trade anything that you see go up or down you're never going to have any type of good results doing that you need to be consistent right so every time you hit a certain level boom you want to take that trade now the next thing you need to know guys is what setup you are going to use so let's say for example we are the market is bouncing up and down right and we have support right here okay do you want to just buy support just because you see it well no especially if you are new you don't want to just buy support just because you see it right it's best to wait for some type of confirmation that's why you need a setup so let's say that your setup is a double bottom so you wait for the market to create a nice double bottom okay and then you get in now what if the market doesn't create that double bottom well wait for another trade some of you guys go crazy oh what if the market doesn't come back to supply and demand or what if the market doesn't go to that support or resistance who cares wait for the next trade i can guarantee you every single day you will see the market go to some type of support or resistance or some type of supply on demand right but if you're watching the market and it doesn't go to your support or resistance or doesn't give you a setup at that level wait wait for another trade guys remember treat this like a business don't force anything so we talked about being a pullback trader right or a breakout trader we talked about having a key level and we talked about having a setup okay now the next thing you guys need is a stop loss and then exit so you when you get in the market guys you have to know where you want to exit first and you have to know where you want to put your stop loss you can't not get in the market guys and guess some of you guys don't know some of you guys don't even have a setup some of you guys don't have a stop loss or you just get in the trade okay and you don't know where you're gonna exit that guys you have to know everything beforehand this is what i talk about when i say have a complete strategy knowing everything ahead of time so when you see that boom you take the trade right you don't hesitate at all because you have a complete strategy you back test you know what to do you know why it works right so let's say that you get in right here it creates that double bottom let's get you get in right here guys right you put your stop loss below the setup the reason why i like it below the setup because if it breaks the setup then it's not a setup anymore right so i like to put it below the setup now you have to know where you want to exit okay you can target highs and lows or you can have a fixed target like a one to one or two to one so whatever you're risking let's say that this is 10 points or 10 pips whatever the case is right if it goes up another 10 pips or 10 points you can get out or if if you want to look for two to one or three to one all right it goes up 20 or 30 pips or ticks or points whatever market you're trading that's why i'm saying take the points because some of you guys are trading different markets right if you're looking for two to one or three to one okay know that beforehand guys right know that beforehand don't come in the market and guess oh you know what uh i think no i don't know i don't know what my exit yet i don't know come on are you serious are you serious guys so have an exit let's say that you want to exit you know right here fine at least you know that beforehand now the next thing you need okay is a break even so you have to know when you want to put your stop loss to break even it could be as simple as if the mark goes up you know a one to one so you're risking 10 pips or 10 ticks all right and it goes up 10 ticks guess what if it goes up one to one you can put your stop loss to break even okay so if it comes back it won't stop you out that it could be as something simple as that right because you don't want to have a market or you don't want to be in the trade where it's going up going up and then it comes back and then stop you out why would you do that so have a break even all right have a stop loss and all the other things i talked about okay make sure you have a complete strategy and don't force a trade if you don't see a trade don't take it oh well look at another market or wait for a setup that's it it's that simple and another thing i forgot to mention guys is when you get in okay remember i said before you need to know everything beforehand when you get in you also have to know the dollar amount you want to risk on that trade you can't go in and say you know what 100 on that trade today let me just risk i don't know 100 on that trade you can't do that guys if you want to be a profitable trader guys you have to risk the same amount per trade okay try to make it the same amount per trade because you don't want to have you know one trade you're risking fifty dollars the next trade you're risking 150 the next trade you're risking 300 come on guys that's sloppy right there that's very sloppy you want to lose you know the same amount every trade because you don't want to take a big hit guys that's the most that's one of the most important things you know when it comes to trading you need to survive you need to survive for that next trade on the next day wiping out all your money you you know you can't trade the next day no more so you need to survive guys so make sure you risk a small amount in the same per trade every single time most of you guys are not at the stage where you can risk a lot on that one trade don't do it so that's pretty much it guys what i have for you guys so that's pretty much it um what i have for you guys today that will help you jump start your career okay the information i gave you guys today and another thing you need to know is you have to repeat the process over and over and over the same way every single day because if you do good on monday tuesday wednesday thursday but you mess up on friday okay friday can actually wipe out thursday wednesday tuesday monday and you have no money for the week this is why it's very important to follow your process right make sure you do the same thing over every single day that's how trading works now of course we are human beings and we are going to make mistakes that's why i told you guys to risk the same amount per trade so even if you do make a mistake it's not going to hurt you right so please do the same thing over and over and over again it's going to help you out and another thing i want to say is when it comes to success guys what i notice is whatever energy you put out is the energy you're gonna get back okay so if you're lazy don't take any screenshots don't write in your journal right you're gonna get you know lazy results equals no money that's what you're gonna get because you're not putting out the right energy but if you put out the right energy guys you always on top of your game you're hardly breaking your rules right you're risking the same amount every single trade you're doing the right things you're taking screenshots you figure out why okay why is this a loser figure out what makes you tick you digging deep right you doing all the necessary things all that's going to come right back to you and eventually you're going to start seeing profits that's how it works that's how life works right if you put out good energy it's going to come right back to you and that's what i learned when i actually became a successful trader because i remember you know the first week where i said you know what i'm i'm done with this i'm going to follow my rules and it was very hard i mean monday tuesday wednesday thursday friday it was hard because there was a lot of trades that i wanted to take but i said you know what that's not part of my rules i'm not going to take it and trust me it was painful but when friday came and i looked at my training account i looked at my profits i was like wow it's worth it going through that pain following my rules monday through friday it's worth it right so now i know it doesn't make any sense to break my rules because every time i follow my rules i'm either green or at least break even or have a small loss but for the most part i'm green so man i'm going to follow my rules so guys make sure you put out the right energy so that's it guys that's what i have for you today right if you like this video make sure you hit that like button make sure you hit that subscribe button and make sure you join my free telegram group because i post charts in that group and also post motivational videos and also post exclusive discounts for my training program and if you don't have my training program by now make sure you check that out because that will help you take your training to the next level all right i've been doing this for 14 years so we get all my 14 years of experience and all of my information is below in the description and if you have any questions comment below because i try to answer all your guys questions thanks a lot for watching this video and please have a great day

Channel: Day Trading Addict

Views: 105,180

Rating: 4.9589181 out of 5

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Id: eCcm3CToCpo

Length: 27min 15sec (1635 seconds)

Published: Fri Aug 20 2021