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Grow A Small Trading Account | $554 to Over $10,000 [Actual Case Study]
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Күн бұрынMost people don't have thousands of dollars to start fund their trading account, so one of the most common situations is the need to grow a smaller amount of money. This is certainly not an impossible mission to accomplish, it is something that will require a whole lot of discipline and control as a trader. I'm all for helping people learn how to trade and make money with stocks, however, I do also realize it can get annoying when all someone does is "teach in theory" without using any kind of real life results. Because of this, I want to show you some stock trading results from a member of my community which gives us all (myself included) some great reminders and learning lessons. When you are brand new and just getting started, you can without question have success, the problem with this is a quick track to start making bad decisions. How so? Let me show you not with "theory", but with real life results.
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@jiggajed 4 жыл бұрын
Started trading a $2500 account and doubled it a week or so. Then moved on TD with $17k and was quickly up to $23k before losing $7k in two days. Started thinking about quitting while I was almost at break even. Then realized I was trading too big a position normally 1000-3000 share sizes. Decided to get back in and grind and take the small profits rather than taking a loss and trying to hit home runs. $3k back up and humbled by the entire experience.
@claytrader 4 жыл бұрын
Thanks for sharing your experience!
@user-vv9ip4bz5p Жыл бұрын
I agree brother. I did same thing. Hard headed and held losers too long
@Drumandbass926 2 жыл бұрын
Very relatable, this week I was up $200 in profit but took a trade out of my comfort zone and ended up losing -$350 in one trade. Taking it slow is the key👌🏻
@claytrader 2 жыл бұрын
Well said!
@newcause5936 2 жыл бұрын
Where was your stop loss?
@crowdozer3592 3 жыл бұрын
"If you're feeling good about yourself, don't increase your position size." That would have saved me quite a bit of $$ recently. Lol
@claytrader 3 жыл бұрын
You're not alone!
@brlong123 4 жыл бұрын
Same thing happen to me, grew my $500 to $2,000 and lost them all in 3 days because I starting to not follow my rules and go bigger share size. Lesson learned.
@texanboiii562 4 жыл бұрын
How exactly did you gain and what did you do that made you lose money?
@claytrader 4 жыл бұрын
Sorry to hear but thanks for sharing.
@christianblackburn2199 4 жыл бұрын
When you trade. You must PAY YOURSELF FIRST. Read rich dad poor dad. Helped me lots. Rich people pay themselves after they make profits in anything. Keep a small portion of your wins in the acct and roll into new trade. Effectively your pf will be all profits after a while given you can trade well. After this trading is so much fun. Cause it’s all market money and you still pay yourself. I’ve lost much more so I can relate. I’m on my 3rd year and I’m killing it for the last year. Keep going and never quit!
@claytrader 4 жыл бұрын
@@djchristian82 i offer this claytrader.com/takecontrol/trading-freedom-pathway-how-it-works/
@khalilh6973 4 жыл бұрын
Did exactly this recently after growing my account by 100% with small gains .. thought well if im right so often why not just go big with leverage and grow massively. BOY I was wrong. Lost 80% of the account even thought ultimately I was right. Got a sticky note next to my laptop saying 'SMALL GAINS!' .. no trade is good enough to risk disaster.
@permbee7129 4 жыл бұрын
Why does increasing position size equal failure in your particular case?
@khalilh6973 4 жыл бұрын
@@permbee7129mistake 1: It was the one day I couldn't keep an eye on the stock.. so if anything, I should have reduced my size. Mistake 2: Went full size too early.. stock went higher than I anticipated. Should have averaged in. Mistake 3: Risked pretty much entire account I was that certain this stock was going to tank. Yes I was right but my entry was too early. Had I traded as usual, could have taken a small loss, and shorted again near major resistance. Either way, I know for next time 👌 BTW the stock was WireCard (WGI) The main reason for failure was risking way too much. Greed. Cockness. These are the main reasons that make you increase size too much too fast.
@FatihNasrulloh 4 жыл бұрын
@@khalilh6973 Did the same thing on the same stock. I had -94% at some point, now starting to recover at -62% :))
@khalilh6973 4 жыл бұрын
@@FatihNasrulloh Lucky for me Im trading with a small account at the moment... So it didn't hurt me at all really. That stock is just like HTZ, going bankrupt but having big runs up due to short squeeze and newbies buying blind.
@Chopper456 4 жыл бұрын
Yep done this
@deeburks 4 жыл бұрын
Oh man, has it ever happened. I had what I considered to be great success starting out, grew my account to $50,000 over one year, and then lost $15,000 on one trade due to over sizing the position. It was flat out arrogance coupled with ignorance - a deadly combination. I was so mad at myself, I stepped out of the market completely for over a year. It was devastating. I'm now back to trading but that one lesson pops into my head every single trade day. Nothing like bad experience to get your head straight.
@claytrader 4 жыл бұрын
Thanks for sharing! I hope others read this.
@jathanclark 2 жыл бұрын
Wow great, painful example. Thanks for sharing and helping everyone to see how easy it is to lose weeks or even months of work in a single trade if we’re not careful!
@dannytheman2217 Жыл бұрын
i'm down about 40k, it takes some longer than others
@jkapp3854 4 жыл бұрын
Leaving your ego at the door if you want to trade is crucial. Learned this first hand. Keep it up Clay.
@claytrader 4 жыл бұрын
Well said
@luthoro3700 3 жыл бұрын
The hardest lesson to learn for me as a noob to trading is knowing when it's too late to catch a train.
@claytrader 3 жыл бұрын
You're not alone! Keep on learning
@kylejf9059 4 жыл бұрын
Ain't nothing like screwing up and thinking "f**k me what have I done,". The hard lessons are both the best to learn from and the worst to go through.
@claytrader 4 жыл бұрын
Indeed....
@mitchdenman109 2 жыл бұрын
I like that you pointed out the mentality of doing the mental gymnastics and 'bending' your trading rules. It made me realize that I am good at avoiding doing that but if I get wrapped up in FOMO, greed, or more impulsive emotions that's when I end up jumping into a bad trade.
@claytrader 2 жыл бұрын
Glad it helped!
@prax4173 4 жыл бұрын
Did the same thing in early 2020 i was up 55% my first 2 weeks, then i put more money in and started loosing. Took 2 months break and i finally managed to recover and even get some gains by having a plan and learning things from diffrent sources. Great video as always.
@claytrader 4 жыл бұрын
Good stuff
@user-lj9mj1cd1b 4 жыл бұрын
Prax May I ask how long you studied the stock market before you actually started trading yourself? I have an unhealthy sleeping issue coz I’m so wrapped around learning more. Its been about 2 weeks and I think its a good idea to skip paper trading and start trading with a small amount of real money. ($1000)
@ChadRhat 2 жыл бұрын
@@user-lj9mj1cd1b how it go? I would have advised against that idea
@deanvernon0195 2 жыл бұрын
At the beginning of 2021. I grew my account from 30k to 55k. Now I'm at 2k... Time to postion wayy smaller. Clay is so right about getting too cocky too quick.
@claytrader 2 жыл бұрын
Dean, I admire your courage to share this publicly. There are MANY like you, but you are way different because of your willingness to share!
@godframe848 2 жыл бұрын
Down 8500
@ebarth81 4 жыл бұрын
“Don’t trade scared” new merch tag I’m coining for a future channel 🤞 props Clay.
@claytrader 4 жыл бұрын
Cheers
@walkerstinson3634 3 жыл бұрын
Here's my advice for upping your position: Do 40 to 50 small trades in a row with a 75-80+% win rate. Then can consider upping your position. The market isn't going anywhere. Take your time and solidify your strategy.
@claytrader 3 жыл бұрын
Good thoughts.
@kurtvkohler Жыл бұрын
Very bad advice. The less trades the better. Pick the low laying fruit. Keep your trades small but much fewer. Sometimes you won’t trade at all.
@tapovrata123 4 жыл бұрын
This is so relevant. I can definitely relate to this. Happened recently with me . I am from India. I am also a new trader . Just started trading from March, for two months till 3rd week of June I had success . Grew my account around 3 times. Then in the last week of JUNE this same thing happened, I increased my position and started trading and so to started overtrading . So two bad things in the same time . So my 3 months of hard work blown out in just 1 week. After the debacle I got up for the fight again, stopped trading for a day or two. Started again with a lot of discipline and lot of patience . For the last few days getting positive results though small. Hopefully with discipline proper risk management and less greed can grow my account once more. ,😊 Thanks for the video it was very relatable.
@claytrader 4 жыл бұрын
Sorry to hear, but thanks for sharing!
@tapovrata123 4 жыл бұрын
@@claytrader Hey man. Thanks for the reply. I do follow your videos . I am a newbie in this. Today as well good bullish sentiment in Indian Markets. Markets ended on a high. Had some small profit.Please do keep making these videos , really helps beginners like us :) Love from INDIA
@dannydiamonds8682 Жыл бұрын
Probably saved my life with this one 😂😂 was just thinking about increasing my position size after growing from 500 to 4K
@claytrader Жыл бұрын
Glad to help!
@slateuys2173 4 жыл бұрын
Definitely can relate to Chad’s experience! Increasing position size too early can quickly destroy your account. Putting in stop losses in insanely critical to account preservation. Thanks for all the videos Clay! Always enjoy watching and learning
@claytrader 4 жыл бұрын
cheers
@TheKenyanRandomWalker 4 жыл бұрын
2 books every trader should read: "Atomic Habits" and "Ego is the enemy"
@claytrader 4 жыл бұрын
Thanks for the suggestions!
@micr0e 4 жыл бұрын
Very timely advice for myself. Just started on 21 May, up 37% till date, profit/loss rate of 82%. Starting to get cocky and wanting to dump more into trades. Thank you for sharing this, good reminder to stick to the game plan!
@claytrader 4 жыл бұрын
Glad it could help!
@jean-mikail7207 3 жыл бұрын
i can’t wait to start but i am going to continue to learn as much as possible and the time will be right
@claytrader 3 жыл бұрын
Good idea!
@bmatt9379 4 жыл бұрын
Great video Clay. I day traded for 2 months. Thought it was easy. Started with my own money and wow! Mind went crazy. Started chasing homer runs etc. Just opened a Webull cash account. Making 3 trades a day. Never more than 20 shares. Learning to manage trades and emotions. Hopefully n the right track. Thanks foe your help.
@claytrader 4 жыл бұрын
Thanks for sharing your experience!
@richieandbetty 3 жыл бұрын
Blew my account. Started trading grew my $10k account by $2k in 1 week. Thought I was a pro. Ended up with a balance of $3k 2 weeks later. I remember 2 days in a row losing $1k each day trying to makeup for my previous losses. Slow and steady from now on. Definitely risking less each trade. Keep the position size small. Preserve your capital.
@claytrader 3 жыл бұрын
"slow and steady"... good idea!
@FlyGuyYoshiG5 3 жыл бұрын
What leverage did you use?
@iPlayiOS 4 жыл бұрын
Awesome video. I’ve been studying on and off (admittedly) for 2 years now and these videos that discuss mindset are always great. Good shit Clay!
@claytrader 4 жыл бұрын
Thanks for watching!
@brianh2159 4 жыл бұрын
A+ advice. Thank you for reminding me. I know this, everyone else knows this, but we all want to do it. The trick is not doing it and being smart. My mind frame was starting to drift there lately. Thanks for the reminder.
@claytrader 4 жыл бұрын
thanks for watching!
@McGuire702 4 жыл бұрын
The daily updates are great, proper training and being honest humble. Looking at the bad and good and growing to how you do it Clay.. thanks
@claytrader 4 жыл бұрын
I appreciate that!
@ImChickenLittle 2 жыл бұрын
Don't chase. Don't hold winners forever. Don't hold losers pass 20% . Have stop limit sell so you immediately sell before stuff goes sour. Cash is a position, you don't have to trade because you have money or a daytrade available. Have at most 3 short term positions open. Speaking from experience. Enjoy the video, dude is talking facts 👌🏿
@claytrader 2 жыл бұрын
Thanks for your thoughts and for watching!
@kenlee247 4 жыл бұрын
Hello ClayTader. Appreciate you posting about your experience as a day trader in all the good or bad 👍🏻 This makes your video content really interesting and genuine. Keep it up and I’ll continue to watch all your previous uploads.
@claytrader 4 жыл бұрын
I appreciate that!
@MrBretHatch 2 жыл бұрын
My goal is to trade micro nasdaq with 1 contract scaling with risk amount staying the same and work up to two contracts and scaling with risk doubled... slowly grow before increasing size
@claytrader 2 жыл бұрын
Excellent!
@TheGreyGhost_of43rd 2 жыл бұрын
Finally something my self blaming can help me excel in 🔥
@claytrader 2 жыл бұрын
:-)
@jonathanfondell5973 3 жыл бұрын
Hey clay I was semi-successful working with $170,000 and was up $30,000 and got cocky then decided to go all in on one trade like a dumbass and lost $57,000 I am now wanting to learn more and intrigued. Watching your videos
@claytrader 3 жыл бұрын
Do this... you can easily afford it: claytrader.com/takecontrol/
@godframe848 2 жыл бұрын
Same here lost 8500
@1rich14 3 жыл бұрын
In did the same exact thing. I turned a $50 acc to a $2000 acc in a month and i got cocky and lost it all but i needed that to grow in the long term
@claytrader 3 жыл бұрын
Thanks for sharing. I appreciate that, hopefully others can learn.
@vicuecate Жыл бұрын
The feeling is mutual..started with $1200 early this year..I’m been making small profits..but I got cocky and lost $300 in minutes by not following my strategy..but I learned now as a result of that..
@claytrader Жыл бұрын
You're not alone!
@jososr3271 3 жыл бұрын
Did exactly this...had a couple of small gains and I started feeling good, now ive lost most of it, i salvaged some but I learned my lesson.
@claytrader 3 жыл бұрын
It happens!
@MrCalicious Жыл бұрын
Every story you hear about people losing big involves them losing patience and breaking their risk management plan. When the numbers are small it's too easy to forget that 1% profit on the day is often unsustainably gigantic. Take the small win, stop for the day, and have the patience to trust that your account will grow through compounding as your skills grow through education and experience.
@claytrader Жыл бұрын
Good thoughts!
@QasimAliWriter Жыл бұрын
Absolutely! Mindset and managing risk are the keys to success. Even if you have an edge, if you don't get the psychology right, you will never survive!
@claytrader Жыл бұрын
Exactly.
@barlinfarah6170 4 жыл бұрын
I love your channel because: You make everything clear n simple and don’t make me dumb. Overall positivity and empowerment. Thank you.
@claytrader 4 жыл бұрын
Thanks for the kind words
@CanonPVS 3 жыл бұрын
I loss 14k :/ but this time I’m coming stronger.
@claytrader 3 жыл бұрын
I respect you for not giving up!
@TsarOfRuss 3 жыл бұрын
Bad money management and position sizing ??
@claytrader 3 жыл бұрын
@@TsarOfRuss that'd be my guess
@gregorymalone1073 2 жыл бұрын
I found that for me, trading a cash account helps with the volatility and uncertainty in the current market. I plan to use my margin account for swing trades on stocks like Apple and so on. On fast moving stocks, or stocks that move at least $2 or more in like an hour or so, I can scalp those for good profits depending on the number of options contracts I purchase. Of course, I look at the Delta, theta, momentum, etc?
@claytrader 2 жыл бұрын
Thanks for sharing!
@AlanGuo 4 жыл бұрын
yes, please more videos on trading psychology. it's the one thing that's keeping most people from consistency imo
@claytrader 4 жыл бұрын
Thanks for feedback Alan.
@imcracked4045 3 жыл бұрын
Im only investing $100-$500 in each of my positions. Im super new to trading so I just want to make sure im picking winners before I increase position sizing. Doing well so far, up 7% in a week. I even made close to a 70% return in 30 minutes swing trading a biotech IPO. Fingers crossed I can keep this momentum going and build confidence to take on larger and smarter positions
@claytrader 3 жыл бұрын
Thanks for sharing!
@amazingbuilders3458 Жыл бұрын
Risk management, huge! I like that, taking responsibility for your own actions. Perfect! Thank you!
@claytrader Жыл бұрын
Absolutely!
@HockeyLegendl 3 жыл бұрын
The number 1 factor to being a successful trader is your mindset (game plan) and having the guts to stick to it. Few can do it. Those that can are the successful traders.
@claytrader 3 жыл бұрын
Well said.
@HOPIIK12 3 жыл бұрын
Came here today after losing over 50% of my trading account over an extremely stupid mistake and of course, cockiness. I was so sure that my judgment is correct and I am going to make big bucks. I am not crushed, I play only with money I can afford to lose, but it is unpleasant anyway. Lesson learned, now lets go get it back and then some.
@claytrader 3 жыл бұрын
I hope the video helped!
@skk1310 Жыл бұрын
Clay, great video lesson. I'm sharing with my friends.
@claytrader Жыл бұрын
Awesome, thank you!
@theolaurendon7107 11 ай бұрын
Wise and authentic thoughts. Loved It!!!🎉
@claytrader 11 ай бұрын
Thanks!
@nomad_grant 2 жыл бұрын
Was on a family vacation in Aruba in June. Decided to trade during the week for an hour or two premarket and then the first couple hours after the opening bell. I had been in the green for about 2 months. Started with ~2k and grew to around 7500. Didn't change a thing and then decided to get reckless with a few trades. Ended up blowing up my account because I decided to have faith in one too many trades that turned against me. No one to blame but myself. When you feel yourself start to have dollar signs in your eyes: logout, take a few hours/days/weeks/whatever you need, and just go over the pillars in your head. I'm on this video because I am finally ready to fund another small account. I always told myself I wouldn't make those mistakes, but here we are
@claytrader 2 жыл бұрын
Thanks for sharing!
@s.d.b.5803 4 жыл бұрын
How to pick stocks for scalping a day before.
@claytrader 4 жыл бұрын
if you're interested in "talking stocks/trading in general", that's the entire idea behind my private trading community (which you are welcomed to join) which you can find here claytrader.com/team/
@s.d.b.5803 4 жыл бұрын
@@claytrader will it work for non us traders
@jonathansileo706 4 жыл бұрын
Perfect video for beginners! I'm constantly gaining 1500 in one day on 8k, only to lose it by the end of the week bc I'm increasing prosition size, making riskier trades, not following my plan. In the morning I'm going to reduce my positions (or exit) and start following my rules EVERY time. Pride comes before the fall...
@jonathansileo706 4 жыл бұрын
And clay needs to do a video on his workout plan. Veins popping out everywhere!
@claytrader 4 жыл бұрын
Just keep on hustling and grinding!
@claytrader 4 жыл бұрын
I have an entire bootcamp - maintainthegains.com/
@asdfghjkldfghjhgcgyuigfyui9792 3 жыл бұрын
blew up my account again today. got bored of swing trading and blew it up. good thing my long term investments are up 10000%+ since January lol
@claytrader 3 жыл бұрын
So you are just here to gamble? Got it.
@robertsolis3749 4 жыл бұрын
Same thing happened to me, 90+% of my account gone from one cocky AMD trade. Learn from this guy.
@claytrader 4 жыл бұрын
Sorry to hear but thanks for sharing!
@chessandmathguy 4 жыл бұрын
I do increase my position size but the reason is because my position size is a function of my account size, and if my account gets bigger, my position size gets bigger proportionally.
@claytrader 4 жыл бұрын
Do what works for you
@chessandmathguy 4 жыл бұрын
@@claytrader but does my reasoning make sense? When you have a 30k account, you'll trade certain sizes, but when you have 33k account, your position sizes will naturally be 10% bigger than when you had a 30k account.
@chessandmathguy 4 жыл бұрын
@@claytrader also. Thanks! Love this channel. Thank you for all that you do.
@youtu6erocks 3 жыл бұрын
I so wish I had watched this video earlier... starting back up so I'll see you up there soon! (from $40K to $95K in 4 weeks and down to $17K)
@claytrader 3 жыл бұрын
I hope you consider my training program! You can easily afford it.
@andrewmckinlay8780 4 жыл бұрын
I had this problem, but in the simulator thankfully. Started off with unrealistic 1,000 share positions (sometimes more) leading to big losses. Switched to 100-200 size positions and have had 5 green days in a row. Not close to covering those initial losses (only simulator but trading as if real money), however good to see the strategy and discipline is working. Cheers for the videos Clay, I'm a big fan of your straight-forward matter of fact delivery.
@claytrader 4 жыл бұрын
Thanks for sharing your story!
@MathieuP 4 жыл бұрын
I can definitely relate to that, nearly doubled my account by investing each time 1000$ position. Then I decided to X5 my positions and suddenly my risk management was way too high and losed all my gains by exiting losing trades in few days..
@claytrader 4 жыл бұрын
Thanks for sharing that! You're not alone!!!
@sumitstha1757 3 жыл бұрын
@@claytrader yes same thing happen with me i was doing good but my overconfidence and leverage kill me
@claytrader 3 жыл бұрын
@@sumitstha1757 it happens to many!
@utprez 3 жыл бұрын
great timing... been making $50, $60 on my trades. no real loses... yet. Getting a little arrogant after making a few hundred bucks/week. I was literally just thinking about increasing my position size this week. Glad I saw this video! 👍
@claytrader 3 жыл бұрын
Good timing indeed!
@Gridl3y 3 жыл бұрын
So how you doing now bro? Just started myself. How much of your account do you put in into single stocks? I've been basically splitting the money between 4 stocks but am really bad about not having free cash for a move lol. This kind of knowledge and advice is weirdly missing from these videos
@utprez 3 жыл бұрын
@@Gridl3y For me, I've started w/ options. Super risky bc if you miss the entry point, you can blow up your trade real fast... but it's so much more lucrative than just swinging and scalping. Now what I do is swing to fund my options plays. I am making about $300/week but I've had some really nice weeks ($AAPL) where I've made more than $1000 week - never, ever thought I'd do that.
@outwit8743 4 жыл бұрын
Love how much you're posting. Keep it up 💪 👌
@claytrader 4 жыл бұрын
Thank you 🙌
@sgold1132 4 жыл бұрын
Clay this is by far the best lesson for new traders on KZfaq. I have been trading for about 4 months and have gone through all of these scenarios you mention. Luckily I have not blown up my account, just stuck spinning my wheels. Seems like I make a few good trades and then slowly lose my gains. A few things I have learned that really helps: #1 - never try to make back losses in the next trade. #2 - if you have a paper trading account, use it to your advantage. Try the cocky trades on your paper account, if you feel off psychologically trade for a day or 2 in you paper account to regain your confidence.
@claytrader 4 жыл бұрын
Thanks Steve!
@greenbeltmaster 4 жыл бұрын
These videos are great, please keep them coming! Appreciate it Clay good luck in the markets!!!!
@claytrader 4 жыл бұрын
Glad you like them!
@ZhangtheGreat 3 жыл бұрын
It's so difficult as a beginner to keep those emotions in check when trading. I started off following my strategy and winning a ton. Then one day, I made two successful premarket scalps and began trading on excitement instead of strategy, entering when it "felt good." Long story short, that was (and still is) my biggest one-day loss, but worse, it set me off on a losing streak that sent me completely in the opposite direction emotionally, and I began trading scared. This prevented me from executing my strategy properly, because I was now too scared to enter trades for fear that I'll keep losing, and guess what? That fear led to frustration at missing so many opportunities that I would've won, and I began trading in frustration...which resulted in more losses.
@claytrader 3 жыл бұрын
Thanks for sharing.
@lo-tar1442 3 жыл бұрын
As a brand new trader on robin hood I found myself making some money on an investment. Today as I was considering increasing my position and dumping thousands more in my account I saw this video and it may have totally saved me. Now my goal is to invest no more of my own money. Take my $200 and see if I can turn it into $1,000 and keep it. Thanks for the advice!
@claytrader 3 жыл бұрын
Thanks for watching!
@jasonsloan1137 4 жыл бұрын
I've had to deal with a similar but smaller loss. Then I listened to the voices and revenge traded to attempt to make up the losses. That didn't work out, losses grew, then I had to deal with the emotional impact. Stick to your rules and SL! Plan your trade, trade your plan. Thanks for your guidance Clay.
@claytrader 4 жыл бұрын
Thanks for sharing
@AlexDelano2 4 жыл бұрын
If you come to the market with fear, it will give you nothing. If you come to the market cocky or arrogant, it will humble you. If you come to the market composed and prepared, it will reward you.
@claytrader 4 жыл бұрын
well said
@ameernoormohamed2820 3 жыл бұрын
I've messed up one too many times (started day trading options NOV 2020)... when I bought only 1 contract at a time and took smaller gains, my account grew slowly but as soon as I got over confident and though I knew how to read charts at the time and knew it all, I went to heavy on some trades and lost a major portion of my account. Trading is serious and sticking to our rules will help in the long run. I've had to learn to let go of the FOMO.
@claytrader 3 жыл бұрын
FOMO is bad for sure!
@xGYM_GOATx Жыл бұрын
I think that no matter what your going to do something dumb its just something you need to experience in order to fix i took 25,000 to 5,000 to 13,000 to 4,000 now im on the grind
@claytrader Жыл бұрын
No way to avoid "dumb", more-so just a matter of avoiding "too much" dumb.
@xGYM_GOATx Жыл бұрын
@@claytrader yes i agree also great video
@claytrader Жыл бұрын
@@xGYM_GOATx thanks for watching!
@toothfungus5801 3 жыл бұрын
I started since January I’ve blew around 2k from day trading
@claytrader 3 жыл бұрын
Hope you don't give up
@toothfungus5801 3 жыл бұрын
@@claytrader I realized a big reason why is because of my risk management its poor, I think too much good but at times turn delusional into the fact and hold too long
@claytrader 3 жыл бұрын
@@toothfungus5801 I'd encourage you to sign up for my (free) class I offer here claytrader.com/1-hour-trader-transformation/
@aboodqalla4123 2 жыл бұрын
coming here after almost blowing a 500 euro account that I opened yesterday because I was testing on a demo account and I got arrogant because I turned 200 into 2000 in one month thank god I ended up making profit instead of blowing the whole account
@claytrader 2 жыл бұрын
Thanks for sharing!
@faisahm437 3 жыл бұрын
Thanks a lot for everything
@claytrader 3 жыл бұрын
Thanks for watching!
@m.morininvestor9920 4 жыл бұрын
Liked you on facebook! salutation from Québec Canada Clay. I wish you a great 4th of July.
@claytrader 4 жыл бұрын
cheers
@apathyreview3964 10 ай бұрын
I knew all this but due to the need for seeing profits I forced it. And blew my account. Now on second injection of cash. I have learned two things. 1 don't force trades in flat markets. 2 don't blindly follow indicators in all market conditions. Indicators work best on different markets at different times. Also I now only trade from s and r levels I don't just eyeball it anymore.
@claytrader 10 ай бұрын
Thanks for sharing what you've learned!
@anandhameil 4 жыл бұрын
Was thinking about position when I saw your video. Decided to wait for some more time. Thank you.
@claytrader 4 жыл бұрын
Glad I could help
@stevenl8420 3 жыл бұрын
I love these videos because it lets average people know it’s possible!
@claytrader 3 жыл бұрын
Thanks for the feedback!
@dan721 4 жыл бұрын
For people who feels like increasing their account size, no problem. Set a realistic percentage increase using Kelly Criterion.
@claytrader 4 жыл бұрын
Thanks for the thoughts.
@snappedvideos 2 жыл бұрын
My story - Day 1 (with a new account on Robinhood) I went from $50,000 USD to $100,000 trading Tesla Call Options in less than 4 hours. Day 2, I went from $100,000 to $5,000 trading Tesla Call Options after leaving my computer for less than 45 minutes with no stop losses. I blew up my account by failing to follow the basic fundamental rule of setting a stop loss to minimize losing capital. I always set the stops, but did not this time because I got called away from the PC before I did. Reminds me of having a wreck in your car on the one and only day you did not wear your seat belt.
@claytrader 2 жыл бұрын
Thanks for sharing!
@yorkielovesmoky2766 3 жыл бұрын
I am at this season in my trading journey. I became so relaxed and arrogant because I was in a good streak. Lost half of my profit in 1 day. So now, I lessened my capital and transferred the remaining profit to my Roth IRA to make sure I won't loose it again. I will try to trade according to my learned techniques from now on and be happy with small gains. Greediness always wants to creep in in trading. Lost that half in WISH.
@claytrader 3 жыл бұрын
Thanks for having the courage to share your story!
@UserMum7512 4 жыл бұрын
Im just saving money from my part time job and learning as I go..
@claytrader 4 жыл бұрын
Cheers to that
@toddjolley4366 2 жыл бұрын
Totally agree with Chad, been there...not fun, but we all have to learn.
@claytrader 2 жыл бұрын
Well said!
@petek6522 4 жыл бұрын
Yes i can relate to this... I just joined 4 months ago and been down around 3 to 5 thousands and when I was up 2 thousand twice and both times put more money in and still average 3 to 5 down , i understand what you say 100%
@claytrader 4 жыл бұрын
Thanks for sharing your story
@Truck--kun 4 жыл бұрын
Exactly as you said, grew my account then got cocky and bought more positions into something that was doing well at that moment of time. Next day it collapsed, it's better this way for me, if I don't lose actual money the lesson doesn't stick.
@claytrader 4 жыл бұрын
Thanks for sharing
@RotterStudios 2 жыл бұрын
This is a great video. Love these videos and the channel Clay! I started trading futures about 2 months ago. I was doing ok, but always up and down with the account. I hated using stop losses because as soon as I add a stop loss, it gets tripped (and I have tried 10 ticks, 25 ticks.) So I tried no stop loss and did better. Then I was on a bad losing streak for 2 weeks. I refused to get stopped out so I didn't use them. I blew up my account a 3rd time because I refused to sell as the price went in the other direction rapidly. I knew as soon as I sold, it would turn around, so I stayed in the game and watched my money go away. I know stop losses are important but I was sick of getting stopped out. So now I'm at $900 from $3000. I have to start trading micro futures to work back up. I was trading only one contract of NASDAQ but decided to add a 2nd to get more money....that killed me double bad.
@claytrader 2 жыл бұрын
Thanks for the feedback!
@erikbritz8095 4 жыл бұрын
Clay man which of your vids would you say is the best for a newbie i'm very new and still net to learn all the terms etc. so i would love if you or someone else can just put me in the right direction.
@claytrader 4 жыл бұрын
I'd encourage you to sign up for my (free) class I offer here claytrader.com/1-hour-trader-transformation/
@aakashuniyal6806 3 жыл бұрын
Thanks for the video , case studies always helps ! Super helpful !
@claytrader 3 жыл бұрын
Cheers!
@mikep4869 4 жыл бұрын
I have been a core trader for a number of years. As per Warren B., I buy quality companies and hold forever. I am extremely interested in swing trading and created my trading plan. I have a fair amount in the account and need to do sizeable trades to keep liquidity moving. From your video, I am having trouble understanding how scaling your trades leads to failure? I would need to start with 1-trade per day at $10k per trade to keep 1/3 of the account moving. Finding the companies to trade is one thing, but when I need to scale to 3-trades per day (or bigger positions), I would need to find more. I feel I will be leaving a lot of cash on the sidelines (or in core trades which are very risky right now).
@claytrader 4 жыл бұрын
Gotta do what you feel is best.
@walkerstinson3634 3 жыл бұрын
I started tinkering with the market with $143,000 doing mostly swing trades. I ramped it up quickly to $185K. Then went ape shit on Norwegian Cruise Lines (a 9,000 share position) and slaughtered my account. Down to $102K. Fortunately, within the last month I got it back up doing safer, more strategic transactions. I'm up to $139K now. Lesson learned.
@claytrader 3 жыл бұрын
Congrats on fighting back. You're almost there!
@moneyhafimek 3 жыл бұрын
Wish I would of watched this 2 no months ago. Was up $189 from a $130 initial investment only to go on losing bit by bit until total losses $157. Not thousands of dollars but I still wish is paper traded for a couple of months prior.
@claytrader 3 жыл бұрын
Better to learn it later than never.
@webentrepreneurdiaries 2 жыл бұрын
I took a bit of a different route in my trading journey so far. I had my initial lossess big but within max risk (about 5% account size), then I had to start building confidence again since I got punched immediately in the first week when I dipped my toes with real money after spending some five months paper trading. Since then, losers have become smaller and smaller, but I am still working on getting the winners I need to be profitable. I am about flat with commissions and trading platform fees now. Working hard, steady, one step a time. Hopefully I will get there soon enough. Thanks for sharing this Clay!
@claytrader 2 жыл бұрын
Thanks for taking the time to share!
@macz6635 4 жыл бұрын
Thanks for the videos, always informative. I recently joined your service, and it paid for itself numerous times over on the first day. The stock alerts are VERY valuable.
@claytrader 4 жыл бұрын
Great to hear!
@michelleachacoso4983 Жыл бұрын
Great lesson!
@claytrader Жыл бұрын
Thanks! 😃
@machiavellianoverture1747 4 жыл бұрын
I blew my account up from 3k to 18k and then they pulled the rug on June 10th and, I got knocked back to 7k. Slowly getting back into the 5 digits lol. I said to myself right as i was increasing my position size while smiling. "Im going to regret this lol" June 12th "I immediately regret my decision!"
@claytrader 4 жыл бұрын
Thanks for sharing
@masterofus3098 Жыл бұрын
Thanks so much for the great video
@claytrader Жыл бұрын
Glad you enjoyed it
@sixdsix5028 4 жыл бұрын
Don't YOLO your money in the market; doing so is gambling. I went for big positions without recognizing stocks being over bought and was down 20% in a couple days, currently down around 10%. Be smart, have a plan, do your research, look for trends, and work hard.
@claytrader 4 жыл бұрын
Thanks for the thoughts
@NextLevelCapitalManagement 4 жыл бұрын
I need a story like this. I started with 100$, worked it to 1300$. Then I got cocky and now I'm sitting at 285$. My life isn't hanging on this; I have a job, but I want to make money. I just don't want to put more into my account until I know I can stay disciplined.
@user-pc7ef5sb6x 4 жыл бұрын
That's still a profit of 185 dollars. That's how I see it, maybe I'm too optimistic
@claytrader 4 жыл бұрын
I think you're being very wise.
@DearApolloZ 2 жыл бұрын
Clay traders a Michigan boy! Rock on dude. Gun lake area boy here. Gotta love how green Michigan is. Good place for winter trading. Cus it’s so cold. Lol.
@claytrader 2 жыл бұрын
Cheers to that John!
@dianecorbett2456 4 жыл бұрын
Clay, I've watched many of your videos and and have enjoyed and learned from them. This one, not so much. I thought I was going to see YOU turn $554 into $10,000. Instead, I "wasted" almost 13 minutes listening to you talking about a newbie blowing up his account by being too cocky. You say stick to your plan and DO NOT increase your position size too quickly many times and in many ways. Edit it down to about 3 minutes and it would be tolerable.
@claytrader 4 жыл бұрын
Thanks for the thoughts.
@Pokimonnajaja 2 жыл бұрын
had $691 in my account today n lost $15 today. was down $40 in a trade and didn't exit because my stop loss wasn't hit. reversal happened n ended up being down only $2 . It ended up going down n I got nervous n sold . it ended up rallying back up ($hood) n turns out I would've made about a 25% gain. Wouldn't have exited the trade early If I didn't make my position too big. almost had $700 in my account n bought a $120 position. Usually buy $50 dollar contracts. Learned a big lesson
@claytrader 2 жыл бұрын
Learning is a good thing!
@DevonGLee 3 жыл бұрын
Love hearing from other traders. at the time of this comment, I have been trading for 26 months. I agree with everything that has been said. Only experience will bring you to a place of maturity in trading for small steady growth Vs fast growth and faster blown accounts.
@claytrader 3 жыл бұрын
Cheers Devon!
@christianb9409 2 жыл бұрын
Lol did the same thing with options, doubled my account off of one trade....got way to eager and didnt manage my emotions or risk and lost 90% in a day. Now back to more than i was but every loss has had a lesson. Dont be too eager, no fomo(fear of missing out)theirs always opportunities available, be patient and in control of emotions.
@claytrader 2 жыл бұрын
Thanks for sharing!
@banksbanks9471 2 жыл бұрын
i never thought id blow up my account but it happened , and it feels terrible
@claytrader 2 жыл бұрын
You're not alone.
@EarnYourGains 4 жыл бұрын
Great informative video as always, love this channel! Keep up the great content
@claytrader 4 жыл бұрын
Much appreciated!
@ramstar 4 жыл бұрын
How about tax on &10000 gained?
@claytrader 4 жыл бұрын
Pay it with a smile. You only pay taxes if you MAKE MONEY lol
@TheBestLoserWins Жыл бұрын
What is max position size you recommend? I have experience, but am starting over. Is 25% of net liquidity too much. I plan on using stop losses.
@claytrader Жыл бұрын
These are the types of things I talk about with premium members, and if you're interested in "talking stocks/trading in general", you are more than welcomed to join my private community - claytrader.com/team/
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