How I Became a Profitable Trader

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AFFILIATE DISCLOSURE: I use all of the above services/products, so they are genuine recommendations. They are also affiliate links which means I get paid a referral fee (at no cost to you) if you sign up / buy with those links.

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DISCLAIMER: I am not a financial advisor. The content of this video is for entertainment purposes only and does not give any recommendation to buy or sell any security. Investments of any type involve risk. These videos are meant to document my experiences and do not provide any guarantee of gains or losses in any investment.

[DanielInskeep]

if you’d like to watch me trade live and join a group of chill af people, swing by my channel 10 minutes before NYC market open, M-F!

[illemonate]

5:45 Not adding on trades to compensate for a loser is KEY. I blew my funded account this way. I was green 5 days in a row, and then 1 bad trade which could have only been -$500 turned into -$3500 when I tacked on 2 more trades and the market continued against me. Just accept the smaller loss and move on.

[TY-petf]

The not marrying your bias is such an understated point in the trading community. "BUT MY LOWER HIGh STeGOsAURUS PATTERN IS A BEAR INDICATOR" and then the market rips your face off.

[SherleneHutsell]

Very interesting! You have a great view on trading much as Jim Simons did in 1978!
I am 84 years old and trade less frequently at this point. Each day I go to a shop where I am able to interact with young people and work with my hands and use another part of what is left of my brain.
Do homework, analyse direction of a trade and set a target and get away from the monitors to avoid over thinking and constant adjusting.
Excellent teaching! Many thanks

[luhanshaikh]

The best and most genuine advice i have seen in years this is basically all you need in trading

[slothfuldelight]

I watched you stay unprofitable in your previous funded account endeavors and such. super impressed you stuck it out and found your stride. wishing you the best.

[RachelGulottaFitness]

don’t marry your bias! marry your best friend!

[PropFirmPath]

Brilliant video with excellent advice. The part about sitting in drawdown and getting out at break even only for the trade to go your way you mentioned on steam a while ago, ever since I've kept it in my mind and it's really helped me! Keep grinding Daniel. Have a great weekend.

[matthewgarcia]

Bromigo, the first tip you gave finally clicked with me at 2 in the morning as I woke up randomly thinking about how many times I got stopped out last week…. Just felt like I wasn’t comfortable with my position size and my risk. I was always a few ticks short. Moved to micros today and felt so free lol 😂 great stuff man.

[speedy]

This is good advice! I have gotten proficient at cutting my losses and you need to definitely realize that there is a difference between cutting your loss to end the discomfort, and cutting due to price action giving clear signs that your SL is about to get blown up. Of course you will cut winners, just need to keep practicing! For me holding my WINNERS is the hardest part, especially trading on apex due to their trailing DD rule, and their %30 rule.

[OkImJustCommenting]

Great video!! Definitely worth a watch at the start of each trading day. I think I will be making this a part of my morning prep before even looking at the charts. Thank you!

[docterever]

Been trading about 4 years myself now and I'm not too far behind you, still working it. I passed my first combine, was on track for my first payout, and got greedy two days in a row and lost it. I force myself to use the practice trading feature rather than paying for another combine so that I can feel a little pain to help remind in the future. Following your journey and TBM has been huge in keeping me focused and in the game.

[JeffNoel]

Perfect timing for this video. I was bullish in the last 3 weeks. You can imagine how that went with my option swings.
Great tips!

[paul.van.hemmen]

Been following you for quite some time now and it’s been a funny ride… After you nearly had been disappeared, now that you have returned with more vids again and constant livestreams this channel has turned into a full fledged futures trading outlet.

Don’t get me wrong, this is actually great! I took the same ride into this giant rabbit hole. And if you love it, you love it. Everything else just… disappears. That’s trading. 😅

[bradmartin]

Amazing video Dan one of your best for sure. I enjoy your livestreams most mornings and videos like this help alot!

[bakanur]

all really good stuff. ive been trading for 3 years, started with options and switched over to futures prop accounts 6 months ago and this month made enough to take out 2 withdrawls and finally become profitable for the first time ever. I remember seeing your early videos and the difference between then and now is huge.

[tiaanbeukes]

Really great video, I will try to apply these points to my own trading! Thanks Daniel

[brilantmiftari]

Great job Daniel, I remember the video with Matt where ya'll traded.
Thumbs up!

[AgustinVinz]

04.38 incredible lesson!!! i was going through that! this are really clarificant. Thank you bro! 1st video i see, new sub. Greetings from Argentina

[TheSJDRising]

This is great advice. Love to see you profitable.