5 Biggest Mistakes New Day Traders Make

5 of the Biggest Mistakes new traders make, and old traders who haven't yet found their way.
I'm a full time day trader with a big family, from a small town, making a living one tick at a time in my home office. Hoping to help other traders make their way to profitability.
This is not financial advice, simply my experiences in 10 years as a profitable trader.

More videos coming very soon! Comment with requests of what you'd like to see. Thanks for watching!

My Very Affordable and Capable Trading Computer – All the Power You Need to Trade (and then some!)

Hisense 55” Quantum dot 4k Monitors

My Graphics Card GTX 1050ti 4 GB Gigabyte LOW PROFILE card 1xDP 2xHDMI

Equipment used to make this Video

My Studio Camera - Canon 80D

Studio Lens – Canon EFS 24mm t2.8

My Mobile Camera - Canon M6 Mark ii

Mobile Lens – Canon EFS 10-18mm t4.5-5.6

My Action Camera – DJI Osmo Action

External Audio Adapter for OSMO Action – a MUST!

Tripod for Action Camera – ULANZI MT-16

Cage for OSMO ACTION – awesome cage with ¼ 20s and cold shoes & FITS AUDIO ADAPTER

Cold Shoe Relocation Bracket for M6 ii

My Camera Mics
RODE Wireless GO

Rode Videomic Pro for M6 mk ii

Deity Vlav SMART wired Lav Mic

Deity D4 Duo Shotgun Mic (2 mics in 1 – has front and rear capsules) (for Osmo Action)

My USB Audio Interface - Steinberg UR-RT2

[ahmedesto]

Hey man thanks for the large amount of information. you've talked about learning from the right source or the right way... any recomendation?

[intalik]

Your content is just so great, man. You have this special ability to share your hard learned experience with everyone in an approachable and understandable way. Thanks so much!

[haneyguitarinstruction]

I see your guitar 🎸 in the corner. Nice. I play Progressive Metal

[justindaddow]

hey appreciate the videos. just ran across your youtube today for the first time.

[Fit_]

I've already made three of these mistakes 😏 I wrote down all 5 mistakes. Every day my trades run massively against me and it takes hours to recover, that breaks me and my nerves 🤯 Thank you 👍

[nole]

Matt…you should re-queue this video every couple of weeks. I’ve watched these videos over and over again and STILL made these mistakes. I am the poster child for what not to do in accordance with your counsel.

I remember a conversation I had with a very successful entrepreneur/franchisor (who you’d likely be familiar with should I call his name). He once told me that he’s never seen anyone that was too dumb to be successful in his business but he’d met a lot of people that “too smart”.

I listen to you and listen to you but yet I commit the same errors and might I add, at a very high cost dollar wise.

[guerilla]

Love your candid thoughts- very helpful. Thank you.

[noahtheinvestor]

Super valuable video I really needed this. Thank you. Also have you checked out trader dales order flow and volume profile indicators I think those might be valuable to you since you can see the behavior of the market a little more since you see the volumes at price and similar stuff on his order flow. Let me know what you think about this and if your gonna try it or have tried this stuff. Hope your having a great week!

[rickywatts]

so how do i find or workout this method? Ive searched for one for so long from many different traders but have never found myself profitable

[CK_Lo]

This is so a precious video, thank you for sharing

[stevel]

Did I read it right 0.5% s/l on futures? I thought even 2% was too tiny, for instance in a $500 account 1 e-mini costs about $500, 2% s/l of that is $10, that's fewer than 1 tick value! So you basically expects the trend to go in your favor as soon as you take the entry? One tiny pullback and you are out

[Menoluviano]

Hi this video helped me so much and most of your videos as well:) i have a question what do u think about day trading forex ?

[Silverholic]

So many questions :) First, what do you trade Second, what broker do you use for day trading? Third, I am really tempted to get into Silver trading because the market is so predictable on certain days. Do you trade it and if so, how?

[samuils]

The reason I do not like to follow other people's trade setups is for two reasons.
1) I want to learn to fish.
2) Every given fish has an expiration day after which it goes rotten.

[spyrossp]

Can i ask how much you are making from trading? Is it enough to be financially free?