How I (finally) Transformed My Day Trading

In this video, I break down 5 key lessons that have been crucial for transforming my trading.

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0:00 Intro
1:23 Market First
3:20 Supply & Demand
4:38 Relative Strength / Weakness
5:44 Sizing Down
6:38 Buy Pullbacks
7:55 Recap

[DanielInskeep]

transform your life by scrolling up and hitting the thumbs up button on this video!*





*results not guaranteed.

[potodds_trading]

As a full time daytrader, everything that was mentioned is spot-on and practical. Even with such great advice, any new traders will inevitably have to face his errors in order to understand fully what it means.

[Moronical]

Spot on as always. I started almost a year and a half ago, went through everything you said and now, finally, I’m beginning to be consistent by no longer subscribing to paid rooms, only listening to what other tell me and all that mess. Now I stick to my own research, my own notes, my own plans, and it’s worked out better than ever. Always following everyone else you never have time to make your own plan or figure out YOUR trading style. You become too busy reading what everyone else’s plans are and what they are trading and if someone on twitter makes a call….they are already out of it by the time they post it.

[TravelTrader]

Perfect advice!! I’ve been trading for about 1 year and can attest that the points you make are spot on. Trading doesn’t have to be super complicated. Keeping it simple helps us stick to our plans and manage emotions.

[WayneTheWolf]

Man this is MONEY! Master these and ur cookin with gas! I was struggling to stay above PDT then dropped below a few grand which really hurt my ego. I revenge traded then loaded the boat on a put position when my mentor went long. *I was trading the one minute. I could not have gotten a worse entry. The next 2 candles I was down 25-30%. I held on some more but eventually too a 40-45% haircut. I switched to a cash account and trade better bc #1 I can’t over trade. #2 I have to wait for A+ setups…. I no longer has a fear of being under PDT bc of the cash account and sizing down watching the 3 and 5 min charts for set ups and 1 minute for entry really helped me out.

[Posterharpua]

sizing down to 50 shares max was transformational for me as a beginner trader. I'm still a beginner but it's helped me get a handle on my trading to really clarify what i'm doing without being uncomfortable with a loss. $50 max loss on a single trade is nothing for my risk tolerance and i can easily grab 2-3R on many of my trades while I'm learning. This keeps me in the game longer and protects my capital while I gain screen time and valuable trade review time. I know I have at least 2-3 years to go before becoming remotely proficient, but that's ok.

[TransformeDTradinG]

“Trading is mental it’s on us… not the market” the most important line you said!!!
Very nice video!

[alonga]

This was amazing video, Thank you for taking the time to share. I am 6 months in to equity trading and you just nailed everything that I hope to achieve and yet still struggle with. Great explanation of core fundamentals that can create a successful trader. I would love for you to keep sharing you future success and setbacks. Thanks again!

[bigcong]

I remember my first time buying the dip, becoming a bagholder, chasing stocks that 🚀 to the moon.... one time I lost $3000 in 4 seconds because I didn't have a stop loss on SHIP when it RSS.... many lessons learned

[stixy]

Great tips, you briefly touched on what I think is the most important tips for traders, but you didn't make it one of your bullet points:

You don't have to make a trade.

as a discretionary trader, it is completely up to you when to enter a trade. some days you just might not see anything (or see it too late), and thats okay. Trying to grind a few hundred bucks every day will make you take shitty trades because you haven't found a good one yet.

[ocvegasproperty]

Two years into day trading and you are still going. Definitely beat the odds so far.

[eduvu]

Keep doing those please :) you and Matt are actually what we all needed in this space

[mattmn]

THANK YOU! I don't mean to yell but you nailed it when you said "Its easier to see a trade in hind sight, and its much different to trade when its in the moment." That is the one thing I hate when some of these "Traders" that sell you courses show you. I mean yeah if I could go back to that trade and buy in I would, but watching it unfold in real time is a very different experience. Thanks again for that bit of truth!

[jonatthonortiz]

Amazing. I’ve just gotten into the sentiment of not letting emotions run my trading. Just got faked out today on AAPL during the run.. because I had bought the top. Reversal came, and exited. Had I stuck to my plan and was not in a big position size I would’ve stayed.. but I exited and the stock ran to my original PT’s I had drawn out just 15 minutes after. It really pays to be patient and a hard lesson learned. -30% on the port, but I won’t let it get to me as I realized my mistakes. Thanks for the video, gives me a concrete reminder to stick to my rumes

[williamjason]

Calm, rational, no BS, appreciated. Liked and subbed.

[finnvinicombe]

Great video Daniel!
I'm starting out my trading journey and just trying to soak up as much information and helpful tips as I can. I know it's going to take years of practise but this video had lots of great takeaways that I plan to integrate into my trading plan.
Thank you, and keep up the great work!

[suncasa]

I started two years ago as well. I have learned everything you are talking about. Lately went to a naked chart as I was getting too confused with all the info I had learned with moving averages, VWAP etc. Watching a naked chart and trading price action, supply and demand and using an RSI is the best for me. Also making base nits versus home runs helps a lot too. Great job on this video. 😊

[Tweetogreggieb]

I brought OILU, yesterday at $125, so expect the oil prices to be down awhile the stockmarket control OG-Reggie B...

[anklesthedragon]

I would suggest for new traders figuring out how to refine their strategy, to stick to purely support/resistance trading. Get good fundamentals and learn how to read the charts. Indicators do not help anyone if they cannot read the chart, as indicators are literally algorithmic tools that represent different metrics of price action.

A really good tip id suggest to new, or generally struggling, traders, would be to only trade 1 type of movement at a time for a month straight. For example, only trade break and retest continuation patterns. There’s a ton of different patterns of price action. All of them work but all of them require confirmation mentally. Because 99% of trading is mental. You have to get extremely confident in each pattern before you can really say it works for you.

[joshuawilson]

Dude your content is always such good quality! Congrats on making the transformations. From one struggling trader, happy to see you progress! Keep going man, one day at a time :)