The Biggest Challenge for All Beginner Stock Traders (how to start...)

We all get started as beginner stock traders and because of this fact, there are some areas of the market that we can all relate to. I've been helping people learn how to trade stocks since 2013 and I want to share with you the biggest challenge I see them all need to overcome. My goal with this video is to show you how to start overcoming this challenge that many beginning stock traders never do. From a trading psychology standpoint it is a death trap that destroys many people's goals and ambitions of working from home and making money online as they day trade stocks. Instead of showing you how to get started in beating the challenge by talking in theory, I show you a real life result of a stock trade that I took and then follow that up with some more examples of what can happen. If you want to have long lasting success as a stock trader, this lesson I show you is one you must learn and constantly apply as you move forward in the markets. Let me show you how it all works!

[sabinegilson]

Perhaps the most important video you have ever made? This should help many people Clay. Great job!

[InstantNoodlePocky]

Personally trading with others that tell you to GTFO when they don't think the signals are looking good.. is insanely helpful. The next best thing is just listening to these videos while your trading if you don't have friends that are up at the same time as you.
Having the reasonable target with an acceptable loss and just not feeling the FOMO are such mental exercises in patience that in some ways are even more valuable than skimming a few hundred dollars here or there.

I just wanted to say I really appreciate these videos and setting that reasonable expectation that its okay to leave is very humbling. There is always money to be made "tomorrow" and its important to have the resources to execute on those opportunities.

[ShaunyTravels.]

Im brand new with all this day trading, but man your videos help alot, helps to understand things so much better !!! Thank you !

[Keno-King]

Excellent video, Clay! You know what would help me out a lot when you do your live trading is to hear some of your thought processes during a trade. For example, instead of hoping to get over a certain level, maybe reasons you think a stock may go higher or lower: i.e. it just broke a strong resistance line, indicator showing stock is over-sold, bad news just came out regarding this stock, S & P heading higher right now and this stock tends to mirror the S & P, volume just went crazy on this stock, etc.

[KarimMaassen]

This message came one day too late for me. Today I whiped away three days worth of profit with one bad trade that I refused to give up on. But a good lesson indeed. Honering the stops is key. Thanks for sharing!

[jedocampo]

I’ve been watching your live trades video for a few days now and came across this one. This is exactly what happen to me today on FB on my daily video. I followed the SL rule right after i sold then the next candle pop and made a new high. It is painful but im already numb when it comes to these kinds of trades. Well said and explained Sticking to the rules is far more important than listening to the voice inside your head. Thanks you for this vid just another assurance im not wrong.

[hazardousmatt]

I use the same risk management in skydiving. It's better to be on the ground wishing you were in the air then in the air wishing you were on the ground. For example in skydiving the winds are like the stock market, they fluctuate. High winds = bad, low winds = good. If the winds are up and breaching my comfort zone I don't get on the aircraft and go home. Yeah the winds could calm down and get lower, but I rather be on the ground then in the air if the winds don't go in my favor.

[NaserOfficial-xewb]

Like always I wanna thank you for sharing the reality of market. Me must stick to three important rules: Money management, psychology of trade and technical analysis and for sure each one has many subcategories.

[insidedianeslife]

WOW... I really needed to hear this video. Thank you Usually as soon as I get out it goes right back up and I miss a great trade and when I don't get out it heads down. Feels like it happens about 90% of the time. I think I need to time my entry better. I am still very new. I will get there.

[KENPACHIFTWW]

Ah that feeling of getting out at the bottom/top and then seeing the complete reversal/counter trend in your favour. All part of the game. Probability perspective.

[stanleychestnut]

Making my wife watch this! Not only a great video but, it’s a humbling video. I’ll try and watch this every other day or so to keep myself in tune.

[Rubble]

I fully understand what you’re telling us. Thanks for the eye opener.

[renerodriguez]

Awesome. This is one of the best videos. Always honor the stop loss. Don't make a trade without it. Manage your risk by using a stop loss. Nice.

[ramyghaly]

Very nice video 👌👌. It happened to me before exactly the way you explained. But now I am more discipline to control losses and I realized that it is much better to avoid this collapse than rolling the dice for the price to come back. Another point it helped emotionally to over come this feeling is the fact I keep telling myself, is to move on as there are other plenty of opportunities to catch other than this risky move . Keep the videos

[mirzabaig]

Please keep making these most useful videos with the same topic
This topic need to hit hard
Thanks

[garyliu]

BEST VID OF MY LIFE. THANK U CLAY TRADER

[quantum]

This has been an especially good week for this video. Don't get me wrong, this is valid every day.

[hudson]

‘You honour the stop loss and get out’ that’s the exact phrase that’s ran through my mind when trading these past few weeks, that I’m about to lock-in losses only for the price to reverse in my direction. How to deal with this? Perhaps it’s to do with patience and analysing past price action, so you’re equipped to just ride the volatility out because you know it will change in your favour. Helpful video, thanks.

[emmanuellapochy]

Good video! It happens to me a lot that when I am losing 10 dollars, which is the stop loss, it costs me a lot to accept the loss and it ends up being between 20 - 40 dollars where I am already expired. In general I'm doing well but that's where I start to recover what I lost. But when it goes in my favor, it sometimes costs me to let the profits run. So well I will have to mentalize and take the loss.
Thanks

[deandrecrawford]

I know it’s a bummer but you can’t even be mad bro, after that full body candle I would’ve hauled butt out of that trade too. Always respect the your rules & don’t break them💪🏼