How to learn to trade intraday and not be afraid to get a stop loss
00:00:00 In this section, the video discusses the importance of having a strong theoretical foundation in day trading. Without a solid understanding of the basics, problems can arise that prevent traders from knowing how to judge whether they are making the right decisions. Some common issues that can arise include buying or selling too far from the target level, failing to take into account an instrument’s progress, and not doing enough research into the underlying factors behind market movements. To be successful in day trading, it is crucial to have a robust grasp of basic concepts such as short timeframes and how to interpret market signals.
00:05:00 In this section, traders are shown two charts depicting different scenarios of price movement and asked which one they think is more important. The correct answer is the second chart, which is consolidating rather than showing a decrease in volatility. The video then goes on to discuss the importance of accumulation periods for large traders and how to recognize these periods using chart analysis. The importance of having a trading system specific to impulse trading is also emphasized. Endlich, the video showcases a real trading example using Tesla stock as an illustration.
00:10:00 In this section, the speaker explains how to trade within the day without being afraid of getting a stop loss. He talks about the importance of understanding the instrument that you are trading, and recognizing that if the instrument is not rolling back, there is no point in trying to sell it. He also emphasizes the need for traders to do their homework every day to overcome their primary problem, the human factor. He advises against wasting time with questions about subjects that traders should already know and recommends that they focus on learning rather than trying to impress others.
00:15:00 In this section, the speaker explains the concept of bad volatility using the example of the Euro currency. He breaks down the technical analysis using a chart, calculating that to reach a safer level from where the currency is at the moment, a tool has to spend 23 points, implying bad volatility. Außerdem, he warns that when one enters a trade, they must consider that they will always have only a minimum ratio of three to one, so they must be mindful of the size of their stop losses.
00:20:00 In this section, the speaker emphasizes the importance of understanding basic principles when trading within the day and finding valid entry points for each instrument. He mentions the necessity of energy and financial resources for successful trading and advises traders to pay attention to levels that really matter and generate positive signals. The speaker also explains that patterns with unexpected results are irrelevant to the trading process, which should be based on regularities. Endlich, he suggests reviewing a webinar or undertaking homework to gain this understanding.
00:25:00 In this section, the speaker discusses the importance of having a solid theoretical base before attempting to trade instruments. He emphasizes the need to understand the fundamentals and not simply rely on random or superficial indicators when choosing entry and exit points. Through various examples and charts, the speaker demonstrates that successful trading requires careful analysis and attention to detail, and that failing to do so can result in significant losses.
00:30:00 In this section, the speaker emphasizes the importance of creating a trading scheme and sticking to it without emotions. He then shows examples of trading scenarios on the American market and explains how to remove the human factor when trading by using levels and describing why certain trades might work. The speaker also stresses the importance of understanding the basics of trading and practicing for a couple of weeks without actually trading to gain an understanding of market conditions and how different instruments behave. Overall, the key takeaway is having a systematic approach to trading and understanding the market before making any decisions.
00:35:00 In this section, the speaker addresses the issue of traders jumping into buying large quantities without having a plan or stop loss. He emphasizes the importance of having a strategy for entry points and stop losses before trading. The speaker also responds to questions from viewers about the need for recommendations without stop losses and explains that the purpose of his channel is to provide guidance and education for traders, rather than just giving out signals. He stresses that traders need to understand the market and learn how to trade properly to achieve lasting success, rather than relying on signals or tips. Endlich, he suggests using a physical object, such as a hammer, to self-punish when breaking trading rules as a way to improve discipline and avoid making the same mistakes.
00:40:00 In this section, the speaker recommends subscribing to their channel and purchasing the book „Active Trader Course“ for those interested in learning day trading. They assure viewers that the book will answer 90 percent of their questions and includes information on technical analysis. The speaker also mentions their Telegram channel and online course, but suggests starting with the book for those who don’t have the funds. They emphasize the importance of listening and hearing when it comes to trading and wishes the audience good luck in their endeavors.
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The video is a comprehensive guide for day trading.
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It emphasizes the importance of a strong theoretical foundation and a systemic trading approach.
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Understanding basic concepts like short timeframes and identifying valid entry points is crucial.
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Examples and charts are used to illustrate the importance of careful analysis and attention to detail.
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Having a trading system specific to impulse trading is emphasized to remove the emotional factor from trading.
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Understanding the market is essential for long-term success.
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The video recommends the book „Active Trader Course“ for traders interested in learning day trading.
Video in Russian „How to learn to trade intraday and not be afraid to get a stop loss“
The video provides a comprehensive guide for day trading, emphasizing the need for traders to have a strong theoretical foundation and a systemic trading approach. The speaker discusses the importance of understanding basic concepts, such as short timeframes, and recognizing valid entry points for each instrument. Various examples and charts are given to emphasize the need for careful analysis and attention to detail. The video also highlights the significance of having a trading system specific to impulse trading, removing the emotional factor from trading, and understanding the market to achieve lasting success. Endlich, the video recommends the book „Active Trader Course“ for traders interested in learning day trading.