B The Trader

Me and my trading accountability buddy Carl discussed our January trading recaps. We usually do it in private, but I think that this type of analysis can be extremely beneficial to the beginner traders out there. Both me and Carl had a good month, yet we both had some drawbacks. I was doing great for most of the month, but the last week was all losses. I was practicing unfamiliar setups, and that...

This is a very special episode of my Interview With A Day Trader series! I've invited Akil Stokes, a professional Forex trader and a trading coach, and Noah Mayer, a beginner trader and a Twitter contest winner who got to ask us his questions. We chatted about the beginning of the trading journey and how the passion for stocks got developed. As it turns out, both Akil and Noah had school teachers...

Aly Angel is a trader that focuses on fundamentals. Not many people do that, and even fewer people talk about it. She is an exclusively long trader, and she found her unique niche by relying heavily on statistics and research.   She described how warrants work, and how she takes advantage of the oversimplifications of this topic. She even accidentally shared a secret common misconception about the...

In the last video (Trader Therapy with Jack Kellogg and Kyle Williams), a subscriber asked us how to track winning setups and what criteria we use to track them. Kyle did a great job answering that question, but I just wanted to show you how I do it with a specific Excel example. Before we get into it, let me just say that there's no right or wrong way to track strategies. As traders, we all work...

Jack Kellogg, Kyle Williams and I had a great conversation about the challenges of day trading that both beginner and experienced traders face. We talked about January trading; all three of us have a green month so far. However, Kyle mentioned that while he was still profitable, he took more losses in January than he did in all of December. Jack pointed out that he already had two red Mondays beca...

Day trading seems easy at first, right? But soon you realize that you won't get too far just looking at the price chart alone. You also have to keep the volume dynamics in mind. Let's say we have a stock that's topped out. It's at $1.80 and it's creeping up to $2. It's obviously going to break the $2 mark, but you need confirmation before you enter the trade. That's where the volume chart comes in...

Mike, Nick, and Alex started day trading about 6 years ago. Having worked as busboys and waiters, they knew the value of a dollar and were looking for something to make them more money. They pulled money together and started an account with $1000. On his first trade, Mike scored big with Rite Aid stocks, effectively doubling their account within one year. At first, they traded big caps and well-kn...

During the month of December, I challenged myself to avoid my PnL chart and only look at it at the end of the month. December turned out to be profitable, but not as much as I would like it to be. This is a tip for beginner traders who are still in search of their strategies and favorite setups. As a short seller, you constantly get hit with various fees. Over time, they cut into your wins quite a...

James is a day trader, MIC moderator, and an entrepreneur. He's been trading for almost 2 years, and December has been one of the best months of his career. We talked about a new approach that led him to have a great month. His new strategy is to wait for confirmation before entering a trade instead of jumping in out of FOMO or anticipation. James shared a 30/70 rule that protects him from getting...

Alex is a long-bias trader who focuses on penny stocks while learning more about trading big caps. Over 2019 he took his biggest loss, which prompted him to cut down his account to half of its size. After that, however, he realized that "the worst" - loosing big - has already happened, so he started to trade a full size again. As a result, he had to make peace with heavier average losses, but that...

Holiday trading is different as there's a lot more volatility in the holiday market.   Short selling is challenging in the last week of December. I saw on Twitter that a lot of people were trading and taking big hits. This is my theory: everyone is off at home on their computers, there are many new traders on the market who are more familiar with the long selling, and a lot of squeezing is happeni...

We met with Matt over 9 months ago, and, funny enough, I didn't know who he was at first despite listening to his show.  Matt found out about trading when he was in high school. He started trading in the summer of 2017 after the freshman year of college (he studies software engineering); his parents helped him to join the Tim Sykes challenge. 2 years later, November 2019 was his best month yet. Ma...

As you guys know, I got a job about 2 weeks ago and I've been officially trading part-time ever since then. I wasn't planning on trading much during the first week. The trades that I did take were very safe, I only risked a quarter of what I normally do. I did it with range order - it's when you set up the profit target and the stop loss, and once one of them is hit, the other one cancels out auto...

Trading Coach and Mentor Akil Stokes is here today! He is part owner of Tier One Trading and has his own podcast called Trading Coach Podcast which I listen to regularly. You will learn a ton from this Forex Coach/Trader and you will realize it doesn't matter if you trade Forex or Stocks, Same mentality. 

This was a very special episode for me! I had 3 experienced and consistently profitable traders on the show - Kyle Williams, Harry Hoss, and Jack Kellogg. We had a great time answering Twitter questions and discussing the trades from the week before. We chatted about sticking with the chosen trading strategy and remaining consistent despite feeling tempted with the exciting yet not proven setups....

In December I challenged myself to not post any of the trades and not look at the daily or weekly P&L. I did it because I wanted to focus on trading well by following my trading strategy. The truth is, it's harder to stick to the 3R target than it seems. It's challenging to kick an old habit of taking profits in the support area of 1.8R. If I make most of my profits at 1.8 and take the rest at 3,...

Jack was 18 when his friend introduced him to day trading. His trading journey wasn't a linear path to success: he took big losses at first and struggled against brokerage fees while barely breaking even. Nevertheless, he became a successful and profitable day trader, making $1-2k a week consistently even when the market is slow. We talked about emulating mentors and following strategies of other...

Kyle Williams discovered stock market trading in June 2016 and dove straight into it. It took him 12 months to become profitable. 3.5 years later he's up $115,000, so now he's teaching other people how to do it. Still a college student, Kyle gets up at 5.30 am to trade (he lives on West Coast), then goes to school and has a normal college student life. He shared how he structures his day to be abl...

In our recent conversation, Brian Lee shared an equity curve simulator tool, and that was a complete game-changer for me.   In the simulator, you enter your win percentage, your risk/reward ratio and a time period, and you really get to see your projected results over time.   When you are trading, when you are "in the moment", you only see each individual trade, each loss, and each win. In one day...

On Monday, December 2, I was in San Antonio for a wedding. On the way out I made a stop at a restaurant for breakfast and decided to check out the stock market and see if I could trade on the go on my laptop since I had Das Trader installed. Guess what, I haven't opened it on my laptop in months. My watchlist was outdated, so I didn't know what to look for. The Friday list of active stocks was sav...

This past week I ended up with 1R loss. That was not the best result, but at the same time I'm pleased that the loss was so low - it means that I'm becoming more disciplined with my trading, and that's something to be proud of. I can also take pride in trusting myself a little more now. When I started, I didn't really believe in myself, and I used to get out of trades despite being right at the en...

I've been working on believing in myself as this is something I've been lacking lately. I do it by sticking to my plan and doing things that proved themselves to be leading to profits. I also promised myself to not adjust my risk too soon. I decided to not get too excited, and add when I think that I should add rather than be scared of it. I like to add when things are bouncing rather than when th...

I had a really honest conversation with my childhood friend, and he said that it sounded like I didn't truly believe in myself, like I didn't think that I could actually make it as a day trader. Sadly, I realized that he was right. All of those times when I didn't stick to my risk because I didn't want to take a loss, when I entered a trade and got out right away even though I was right - all of t...

I just wanted to thank all my followers and subscribers and all those who comment and like my videos. Here I will answer some of the questions that I've been receiving on social media. Oscar Sanchez: "For me, the hardest part was discipline. I have discipline but it can be inconsistent because my heart is corrupted by my hopes and dreams. The problem is, we're human beings, and humans are just uns...

The week before Thanksgiving was pretty good. My win rate was 50%, I had 3 wins and 3 losses. However, my biggest win was three times bigger than my biggest loss, so I did well overall! This upcoming week I will focus on 2 main things: Trading only the best setups when I see them. Not being afraid of the setups that I've been practicing lately, but with tiny position size. Another thing that I nee...