TOP 3 Trading Mistakes You Must Avoid

0:00 Intro- Beginner trading mistakes
0:52 Stocks only go to the moon
5:40 Getting rich quick in day trading
8:27 Secret trading strategy?

Are you a beginner day trader and making these DEADLY mistakes?
1. Believing stocks can only go up... to the moon!
With all the new money supply in the form of stimulus checks in the US everyone has started throwing money in the market again. For beginner day traders, this could be an extremely dangerous situation. There is nothing wrong with trading momentum stocks on the way up. But understand what goes up must come down eventually.

2. Day trading as a get rich quick scheme.
Most of the time beginner day traders follow alerts to buy or sell without learning the proper process to learn day trading or risk management. This creates followers. And when the stock goes against them, they panic and they market order out for a big loss.

3. Looking for the perfect day trading strategy.
Most beginner new traders are always trying all sorts of trading strategies. The moment they lose some money in one, they think it's the strategy that's not working. The truth is that it's not just the strategy that determines whether a new trader is successful or not, the most important part is risk management.
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DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. You must conduct your own research. I am sharing my opinion with no guarantee of investment gains or losses.

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Humbled Trader FAM count: 811,245

[mikeshashimi]

Made 5-6x in a month with 10-12x leverage. Felt like a genius. Got wiped in just one hour.

[sushiadct]

I’ve been trading for about a year and have won the majority of my options.

I’ve still lost 75% of my portfolio due to not having risk management and doubling and tripling down on some of my trades.

I set a plan and never stuck with it… either being too greedy or false hope it will turn around later.

Learning the hard way

[mathguy]

100% agreed, on the first year of trading I lost a lot of money because of "Risk management"...It is not easy to accept loss and be a good loser...That is the big stock market lesson.

[mal]

Learnt from your videos, stuck to 1 style, started with 50d slowly understand it. But 1 thing i love, if the trade is wrong, I am out.. 😊my market tuitions are minimal. Its hard but its worth the learning

[fordilac]

It may sound counter-intuitive but early success can be a bad thing. One successful month does not make a trading career but can doom it.

[vaderistheforce]

The “Stop Loss” is your best friend!!! Patience, combined with discipline pays off in the long run. 👍

[TheDanaYiShow]

Love the setup, it's looks AMAZING!

[magicallyy]

I just love you with all your bad jokes 🤣🤣🤣 makes the light out of the heavy subjects!

[edexter]

Any opinion on Oliver Velez?? What books have you read to help with the Tek side of it.

[jasperdiongco]

Ive been watching you for a couple years now and I learned so much from you.

[potentialjewelz]

I started day trading in January.. But before starting I read and took notes on how to day trade first, then practice on the paper account then started on live account... I didn't just jump in..

[Nandsan]

What I like the most about this channel is that it sounds quite honest and although I have been playing with Traiding for a couple of years I have not yet found a sensible position but I find this content very interesting in which relevant content is given.

I also like bad jokes, XD ...

thank you very much miss humbled

[superturbominchia]

nice simple and truthful video....likeble personality...please keep posting content I suspect you help many people with your videos...certainly I benefit a lot from what you say. BTW I am guilty too and I hope will improve with the help of your videos and more work
thank you . Emiliano

[alatsamy]

So appreciate what you do Shay. When I’m about to give up, then your video comes out. Never fail. Thank you for explaining and providing the example of risk management. At what point to cut loss/take profit, and hearing you say that it’s ok to set smaller losses. That helped me a lot.

[leonardmcglynn]

Yes, all of these mistakes have been experienced first hand. And they have taught some powerful lessons!

[nobodynothing]

Don't know what you teach in your academy, but you have my respect for being honest in your videos. Very honest and truthful video. I'm guilty of everything you pointed out here.

[zlusch]

At the very beginning of my trading journey, I've told myself I woud've never started trading with real money until I double my demo account. I've done that in four months and then started for real. Still profitable! 😎

[didleydee]

I really like these new videos. They remind me of the ones I first saw of yours last year. You always have good practical advice.

[elizabeths.]

I am probably a little guilty of number 2. I went in on both Game Stop and AMC because of Youtube chatter. I experimented with a strategy of my own. My timing on Game Stop wasn’t great, but I still made a 15% profit. I did better with AMC and made a 43% profit so far. I didn’t risk enough in the first place for this to be life altering.

[kennytnt]

I did it all after 2 yrs, learning risk management and control my emotion when lost a trades. good luck all