The Best Strategy for New Traders

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The Best Strategy for New Traders

Рет қаралды 14,840

Күн бұрын

It is very normal for new traders to get overwhelmed by all the information available on the internet and in books. What actually is the best strategy to use when you are just getting started in the stock market and want to learn? I've been coaching traders since 2013 and through this time I've seen many of the most common mistakes pop up time and time again. Because of this and a newer area of the financial markets, I now recommend a strategy that truly makes the most sense for a new trader. This strategy will allow you to completely avoid the dreaded pattern day trader rule (PDT) and will allow you to risk only minimal amounts of money. Assuming you want to learn how to trade properly and not just "get rich quick", then let me show you a strategy that I would highly recommend you use when you are getting started and want to learn how to trade in a consistent and profitable way.
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Пікірлер: 110

@bri4real 4 жыл бұрын

I’ve been trading equities for about 6 years. I started trading futures and I prefer it. There’s no big 10 thousand dollar wins but if your patience and consistence you can make good money.

@claytrader 4 жыл бұрын

Cheers to that Brian!

@mannysingh1297 3 жыл бұрын

Can you explain why do you prefers trading futures over equities

@joshuaa61 4 жыл бұрын

Thanks for calling me out, I was literally biting my nails when you said it.😂

@claytrader 4 жыл бұрын

:-)

@JamesJCrosby Жыл бұрын

Great 4 episode series. For a new trader who's trying to learn, this was such a helpful series to understand Futures.

@claytrader Жыл бұрын

Glad you enjoyed!

@danharmon8763 4 жыл бұрын

Micro Futures. That's an awesome idea. I'm watching your tutorials for it tonight. Thanks again, Clay.

@claytrader 4 жыл бұрын

Cheers Dan!

@marcwatson819 3 жыл бұрын

Course on futures was very valuable! Thanks!

@claytrader 3 жыл бұрын

My pleasure!

@KhuongNguyen-tn9il 4 жыл бұрын

Everyone who is new or even more experienced people need to see videos like this.

@claytrader 4 жыл бұрын

Thanks

@KingArtexerxes 3 жыл бұрын

I day trade with TOS using a cash account and trade one stock at a time. Doable now with zero trading fees. With a couple thousand in your cash account, there’s no PDT to contend with and enough money to trade every day. Just don’t overdo it. I watch a lot of videos and try to develop a new trading strategy.

@claytrader 3 жыл бұрын

Roger that

@hiphopcritic6363 4 жыл бұрын

Finally someone addresses that pdt rule jesus!!!

@claytrader 4 жыл бұрын

Glad you enjoyed!

@crazydog3307 3 жыл бұрын

Yep, the more ive been learning about how to do this for real instead of just a smol hobby is that i need to get in much better habits of record keeping and tracking profits, especially when i dabble in crypto lol

@claytrader 3 жыл бұрын

Yup. Gotta treat it like a business.

@jerwinreyes1991 4 жыл бұрын

thanks for this info. Will follow all your vids.

@claytrader 4 жыл бұрын

And thank you for watching.

@TyKOmain 4 жыл бұрын

If he says buy and hold.....

@TyKOmain 4 жыл бұрын

Alright boys were safe!!! I love trading the E-mini S&P

@claytrader 4 жыл бұрын

lol

@rogerroth8155 3 жыл бұрын

Micro Futures very interesting. Will look into

@claytrader 3 жыл бұрын

Hope you like it!

@WillShattuck 3 жыл бұрын

Thanks for the info. I just found out about PDT and was trying to figure out what to do to get around it. Thanks :)

@claytrader 3 жыл бұрын

Happy to help!

@giraffe8555 3 жыл бұрын

Best investment would be trading lessons by Clay.

@claytrader 3 жыл бұрын

Thanks!

@Mappingvlogs 4 жыл бұрын

Where is the strategy !!!! Wff

@howardalien2720 4 жыл бұрын

Micro futures

@bri4real 4 жыл бұрын

The strategy is to develop good habits

@claytrader 4 жыл бұрын

why do I get the feeling you didn't even watch the video?

@stangtrax 3 жыл бұрын

Great, sending this to my son. Thanks

@claytrader 3 жыл бұрын

Wonderful!

@piyushpatel1709 3 жыл бұрын

bad habit is watching stock trading videos. i have that.

@claytrader 3 жыл бұрын

lol

@JustMe-ob3nw 3 жыл бұрын

Street Smart Edge charges no commissions, and there is no PDT rule - best for small cash accounts

@claytrader 3 жыл бұрын

That's not true. PDT rule is a government regulation.

@JustMe-ob3nw 3 жыл бұрын

@@claytrader Street Smart Edge is the trade software Charles Schwab uses. I have both, a cash account and an IRA account with them for over 10 years now. My cash account is pretty small, and it is the one I use for my daytrade. There is 0 commissions. I trade every single day ( no PDT rule ) The only thing they do is that they hold the amount of money I trade + my profits for two days. After that it settles and it becomes available again. Cash accounts like mine do not have to abide by the PDT rule with Schwab. Sorry to burst your bubble. www.brokerage-review.com/online-trading/pdt/charles-schwab-pattern-day-trading.aspx

@JustMe-ob3nw 3 жыл бұрын

@@claytrader 👎🏻 yes, that is so true

@notenrique666 4 жыл бұрын

Great video. THANK YOU MATE!

@claytrader 4 жыл бұрын

And thank you for watching.

@DipakPatelPHILOSOPHER 4 жыл бұрын

Nice and simple educational video great way explained. Thanks for presenting and sharing your knowledge . Dipak patel.

@claytrader 4 жыл бұрын

Thanks for watching

@neloarias7271 4 жыл бұрын

I'm from Venezuela. I have studied with demo accounts for about one year in forex. Now I want to open a real account but I just have like 200$. What broker would you recommend to trade micro futures?

@claytrader 4 жыл бұрын

I have a class on the topic here claytrader.com/video/futures-trading-101/

@thebedroominvestor 3 жыл бұрын

👍👍👍👍 thanks clay

@claytrader 3 жыл бұрын

Any time!

@plow8200 3 жыл бұрын

Thank You Clay!

@claytrader 3 жыл бұрын

You're welcome!

@nicktimmy8419 4 жыл бұрын

hey clay I really wanted to know how to invest money into the market and leave it over a year how do I do this thank you as I would like to start as the market has dropped

@claytrader 4 жыл бұрын

I offer this class courses.moneywithclay.com/p/grow-rich

@jean-mikail7207 3 жыл бұрын

good content

@claytrader 3 жыл бұрын

Thanks for watching.

@Marcel-yl3we 4 жыл бұрын

My only concern is if I take the course do I'm going to be a self-sufficient trader? Been watching your videos, you got my respect.

@claytrader 4 жыл бұрын

That's my core goal: to make you self sufficient.

@gastonibanez7349 4 жыл бұрын

You give good tips for investing and trading

@claytrader 4 жыл бұрын

Thanks for watching.

@john666134 3 жыл бұрын

Hey Clay, ive been listening to your podcast and watching your videos, I plan on getting into your courses because I know what im doing currently is working in the short term but I would love some real training to help get me to where I want to be to make money.

@claytrader 3 жыл бұрын

Fantastic!

@haun6910 4 жыл бұрын

@clay good video,have a question,how do u identify a bad habit?

@claytrader 4 жыл бұрын

Why won't you join my community? I keep pointing you to it and you just ignore me. Why?

@hiphopcritic6363 4 жыл бұрын

When did the pdt rule start?

@claytrader 4 жыл бұрын

Early 2000's (I believe)...

@ghettoprincevu2669 4 жыл бұрын

clay u cant mess with me. out 100 trade i only miss 1..... im the best

@claytrader 4 жыл бұрын

congrats!

@pimschreurs4421 4 жыл бұрын

Hey Clay, first of all i want to thank you for the amount of information you give on your videos. Like learning new stuff as well as wachting you trade and what your strategy is. I'm now interested in daytrading and wanted to start with a demo account. Like you said, i want to start low ($500), so the micro futures is the choice for me. Then i chose a charts/broker. And since yesterday i started daytrading. I set some rules for myself, as in, max trades per day, max hours per day, daily profit max, stoploss, and so on. Now i want to do this for a period of time to see if im consistent. If i am, then i will start with real money. If i gained enough money (like 5 or 6 thousand), then i would go and join up to your classes. What do you think?

@claytrader 4 жыл бұрын

Watch this claytrader.com/videos/the-surgeons-dilemma/

@pimschreurs4421 4 жыл бұрын

@@claytrader After 1:30 min i stopped the video. Man do i feel stupid right now. Thx

@claytrader 4 жыл бұрын

@@pimschreurs4421 cheers

@wilfredmckenzie866 4 жыл бұрын

Hey Clay, thanks for the video. I'm going to check out your futures class, but first I have a question. What apps would you recommend for this beginner strategy? I only just made my first ever couple of trades this week using Robinhood, and I wonder what you think about it. I don't think it's realistic to think I would ever go full time day trading, I'm just thinking of a secondary source of income at this point. I just don't want to be wasting my time with an app if it's ultimately not going to be suitable to my needs. Thanks.

@claytrader 4 жыл бұрын

if you want to "talk stocks/trading in general", that's the entire idea behind my private community here claytrader.com/team which you are welcomed to join.

@Nicholas-im8bd 4 жыл бұрын

Webull is far superior to Robinhood. In like every single way imaginable.

@JR-eq6jz 4 жыл бұрын

Careful. Micro futures do move a lot and can be highly leveraged. You can easily lose an account in seconds.

@claytrader 4 жыл бұрын

False.

@genefritts6915 4 жыл бұрын

No, True: took me 15 minutes last week being stupid trading the MNQ to blow up a small futures account. (trading WAY too large: which is VERY easy to do with the leverage they provide)@@claytrader

@claytrader 4 жыл бұрын

@@genefritts6915 "being stupid" - well, "being stupid" crossing the street can blow up your life too....

@TheFloridatrucker 4 жыл бұрын

I'm good. I'll stay with funded day trading. Thanks Clay. I watched a guy the other day. Showing his trades and he was up 17 thousand. But did not stop trading. If I'm up 17 thousand in a day I'm done. Just saying. Yes I know 500 a day keeps the day job away. And live buy this saying. Now. For me its 750 a day. Just saying. Have you made a video on your opinion of this or maybe you can put in to one of your videos.

@claytrader 4 жыл бұрын

Thanks for the thought.

@flyingeagle1237 4 жыл бұрын

Clay, how do you know a stock is going to do what you want it to?

@claytrader 4 жыл бұрын

if you want to "talk stocks/trading in general", that's the entire idea behind my private community here claytrader.com/team which you are welcomed to join.

@brandynbetton4827 4 жыл бұрын

Great video!!!

@claytrader 4 жыл бұрын

thanks for watching!

@undecided6462 4 жыл бұрын

Is there a broker that doesn’t require a minimum deposit to start trading futures?

@claytrader 4 жыл бұрын

Might be. Get out Google and do some digging

@bobbybottom6283 4 жыл бұрын

Great video

@claytrader 4 жыл бұрын

Thanks for watching!

@lowserver2 4 жыл бұрын

As a beginner, is having a consistent, decent income from this viable? I know becoming ultra rich isnt reality

@claytrader 4 жыл бұрын

Yes, assuming your definition of "decent" doesn't imply owning a private island.

@lowserver2 4 жыл бұрын

@@claytrader im the guy thats happy with 50 usd a day lmao

@claytrader 4 жыл бұрын

then yes, $50 a day is certainly within perspective/reality

@lowserver2 4 жыл бұрын

@@claytrader a friend told me that, to go into futures I need a set amount of usd, a high amount. I thought that was for stocks only, can u provide some info on that? Does my country of residence matter?

@trendaddict617 4 жыл бұрын

What is your refund policy on your course ?

@claytrader 4 жыл бұрын

Explained here claytrader.com/terms-of-use/

@cat_106 4 жыл бұрын

What is the strategy?

@claytrader 4 жыл бұрын

Watch the video.

@Subzero-nv4bx 4 жыл бұрын

Starts at 1:00

@claytrader 4 жыл бұрын

False.

@tmon13571 4 жыл бұрын

Is there PDT in Canada?

@claytrader 4 жыл бұрын

If you are trading USA stocks, then yes, there is.

@loriohearn9439 4 жыл бұрын

ClayTrader i haven’t been limited/blocked nor even received any notice of that so far. Been doing some reading and I think it depends on whether the broker clears securities in US or not, not necessarily if it’s a us stock.

@claytrader 4 жыл бұрын

@@loriohearn9439 that's correct, but I don't recommend off shore brokers to people