Step 1 For Beginner Day Traders (if you want to succeed...)

If you are a beginner day trader, there is one step that I believe you need to first take before doing anything else if you want to succeed and make consistent money. The good news is this, step 1 that you need to do is extremely easy. It's quite literally just a few clicks of your mouse, but these "clicks" will be setting you up for success rather than feeling overwhelmed and frustrated. I've been working with day traders since 2013 and this is one of the most common mistakes I see struggling beginner traders make. I commend them as the mistake they're making comes from a place of ambition and striving for excellence; however, that's why the markets can be so difficult at times. The market loves to take ambitious people and use their ambition against them. If you follow this step that I show you in this video you will be directing your ambition and hard work in a positive and beneficial direction! And that's the goal! As beginner day traders we need to work hard, yes, but even more importantly, you need to work smarter!

[edwinb.]

5min time frame has turned red days to green days.. Thanks Clay.. You Da Man!! Cheers

[ilya_tolstyi]

TL;DR; I am new to day trading and was grinding my gears at 1m timeframe feeling overwhelmed and failing, but this video showed me the different POV.

I bought your course and started paper trading in early November. I decided to focus on options because I am going start with a smaller cash account and I like liquid stocks more. I had some great trades and some brutal ones. But after first month of day trading, I was -$2.5K, because of lack of discipline and emotions getting in my way. I do analyze my trades every weekend, I import them into tradersync, and sometimes, having TIME to think, by just looking at some of them I can't understand what I was thinking at that time, because some of them are CLEARLY badly planned.

After such hideous month, I felt that I started to burn out, or as you phrased started to getting overwhelmed, so I decided to take a brake until the end of the holidays.

After the New Year I continued day trading with the same mentality, so here I am after 2 more weeks of trading and I am already deep in the red. At the time I am writing this comment I just finished trading with another -$400 (it's not like I did one losing trade, it's roughly a sum of $600 profit and $1000 loss) and this video was THE SIGN for me.

For a couple of weeks, I've been thinking of changing my timeframe, because I felt that I just lack time to think. I know that, because I am already trading stocks with real cash in my account but using daily timeframe and it is going relatively well, thanks to your course. But to change from 1m to 5m for me seemed discouraging, mainly because I am always up for a challenge and like to go hard, so my thought process was to just grind through.

However, thanks to this video now I really see it from the different angle and I see that I was arrogant and sometimes it is just good to just take a step back (which in this case isn't even a step back, just different timeframe, but for me it feels like it lol). Next week I am going to start trading 5m timeframe and work my way up from there.

Thanks for the video and you help, Clay.

[makemoneynow]

Glad I found this channel! Your videos are so good!

[BLITZftw]

Great video Clay, thanks for the tip 😊.

[ThundfinTTV]

I'm definitely gonna try this out thanks. Probably is one of my major issues. For instance I nearly went in on PLTR on Feb 18th near AH I would have gotten in @24.90 but I didn't pull the trigger because it was so slow on the 1m, but I just went back and checked the 5m and it seemed like it would have been a much easier choice. And I can definitely vouch for the answering all questions, thanks for letting me know you have a page for all the resources you use on your video a week ago!

[Mark-]

One of the best pieces of advice for a beginner like me, thank you... I definitely need more think.

[-SANDMAN-]

You’ve mentioned this tip before and yet I appreciate you bringing it up again as I ‘still’ tend to flip between 1m, 1hr and 1d as a beginner. I kinda need this kick in the pants. Thank you.

[amazingbuilders]

Trading is a challenge for sure! However, I so love doing it and will focus on becoming a full time trader one day. Thank you for all your videos! just watching your day trading videos today. You've been doping this for a while. Who better to learn from. I really like how you talk about all this. I'm not new, just not consistent. I like to look out from daily and on scalps is the 1 minute. Thank you!

[dermotbyrne]

Thanks Clay, As a complete newbies I'll try paper trading using this method and see how I get on... getting through the course, it's great. I didn't realise how much content there actually is. Just finishing L2s. And so much more to go. Thanks again. 👍

[sowhardyfarmstead]

I've been combing through your videos the last few days. Very helpful stuff!

[alopez]

Happy I ran into your page. Great video. I’m new to trying to understand and learn day trading. This helps a lot.

[je]

Hey man I definitely appreciate the information!! Thanks for taking the time to make these videos

[davidmendez]

I’ve made over 200% my initial investment this week only trading the 5m, 30m, and 1hr timeframe. It’s much less stressful and gives you clarity of thought.

[iainlawson]

Guilty guilty guilty thank you so much clay. I as yet made the step to get into a training package but been watching ur videos since sept 2020 now I’m going to fall back to the 5min and practice many thanks iain

[lightningkarma]

Good deal, I just started as of 2 days ago. I used a trailing stop at 5% the stock I bet never went up.. Please explain in detail as you so patently and methodically do.. WE LOVE U

[Richdgaff]

I know this is an old video but I would really like to see more of these kind of videos.

[McGuire]

I was getting chopped up in the 1minute time frame. Thanks Clay

[David-xvuc]

1. The more time you have, the more money you will earn possibly. Because, you may not lose your confidence.

2. Use 5 minutes time frame rather than 1 minute. 1 Minute candles move so fast so It makes you think fast.

[toniduenas]

Thank you for the knowledge God keep blessing you and you're family

[Saeedmadanni]

Hay man first time checking you out. Thank you for sharing this insight I appreciate it.