Hey pal, “Learning to control your emotions by consistently losing money” is the definition of having a girlfriend.

@the_notorious_bas

4 күн бұрын

haha, gold!

'The RSI was on a triple consolidation black flip' 🤣😭

@conpa18dany

9 ай бұрын

If a stock is oversold on the RSI for the past few weeks, id be more inclined to swing trade to the up side. All about probabilities

I've been trading currencies full time now for almost 3 years, I manage investors money and one thing I always say is exactly what you say in this video, you can't explain your flaws using the emotion card because there is no emotion when you using data, risk management and implementing your strategies on point. Emotions come when you hit buy or sell expecting something to happen and that's basically gambling and that's why there is this emotion thing

@ethanlei5457

3 жыл бұрын

trading is by definition gambling because you don't 100% control the outcome. Also emotion is always a part of the game, majority of quant traders make critical decisions themselves, profitability depends on them, not their models that's what researchers do, traders makes the decisions and take the emotional toll. they prefer to pull the triggers themselves because guess what happens when market conditions take a sudden shift and they fail to identify it.

@gabe.henrique

3 жыл бұрын

where can i buy your forex course dude

@lekosboy

3 жыл бұрын

@@gabe.henrique you can't because I don't sell courses....

@WannabeOperator

3 жыл бұрын

How does one make money trading currencies? Like constantly watching inflation/deflation of the various economies?

@luisguevara4113

2 жыл бұрын

Yeah you are so good… I bet you make money on allllll your trades with your strategies… wow what a super trader. And by the way code Jesus also trashes your on another video as he thinks the technical strategies are bullshit. According to his other video he does not believe in any traders just investors

Her most successful strategy is her youtube channel. Her expenses include her trading loses lol

@CodingJesus

3 жыл бұрын

Lol. As I mentioned, that $7,800 loss is definitely a marketing expense.

@rakeshwasnik9327

3 жыл бұрын

Maybe she took the exact opposite position in another account lol

@champagnesaj

3 жыл бұрын

Yea her KZread channel is pretty big and probally makes more money than her trading but she’s pretty successful at trading. She’s shown broker statements where she’s made 50k in a month. She got her growth in her channel by people genuinely liking the content and lessons of her videos not by excessive ads like Sykes and Ricky G who just spout out lambo videos

@luisguevara4113

2 жыл бұрын

Yeah… coding Jesus had my respects until he started trashing someone else KZread without really knowing much about the channel… I guess who cares as long as you get views and make money, the same can be said about this channel. You probably don’t really make any money as a quant you are just trying to build your channel to make money.

@reido66

2 жыл бұрын

@@luisguevara4113 i mean, its quite literally a fact that Humbled Trader is a scammer. Just look into the review of her discord sevice.

You work at a prop firm. They would be bankrupt if trading didn't produce money in the long run... Contradictory points...

CJ: “If there was dogshit and I gave it a price and slapped a ticker on it, would day traders trade it?” Me: *looks slowly at GME*

@Aman1012

2 жыл бұрын

and AMC

@redbunnyclassic

2 жыл бұрын

@@Aman1012 And SHIBA, and DOGE, and 1000 other coins.

@oopsieoopsie8587

Жыл бұрын

If there's trading activities and volume then yes, I'd trade it. It's just price movement. Like that's a very stupid question, quant traders aren't that smart?

@MontyVee

3 ай бұрын

Lmao

@Shreendg

7 күн бұрын

Ironically, if dog shit had a ticker, HFTs would trade it.

hey man! I'm really happy to find your channel, you translate almost all the unorganized ideas in my head into well-written sentences. Big fan

Interesting perspective from a guy who's never traded a single day in his life. This would be like the guy who makes Usain Bolt's shoes teaching you how to run fast. This is also why they lock most developers and quants in rooms, so people don't hear them speak. Anyway, "nothing against you bro, you seem like a nice guy." Ps, I know trading doesn't directly produce anything for society but the money you make from it can. Also, naming yourself after a holy figure doesn't make you holy. I'd be careful with the Jesus comparison homie. Congrats on stirring up shit for views.

@chome4

Жыл бұрын

Well said.

@zatarawood3588

5 ай бұрын

Its narcissistic personality disorder at work) & Im sure he hates daytraders as he secretly wants to be one, but instead works writing code all day for a prop shop) To use his phrase ... hardly doing anything useful for society)

@JonnyBanana21

7 күн бұрын

​@zatarawood3588 I think he belongs to a certain group so mocking Jesus comes naturally

I agree with another commenter, you have a chip on your shoulder and a limited perspective. Mostly I agree with what you say but you are also strawmanning and dismissing swathes of genuine trading strategies/opportunities just because the people who use them are often frauds. Also people should remember that you are not a trader or analyst! You are a software engineer!

@kodiakgriz2296

2 жыл бұрын

Agreed- I do listen to his coding stuff on 1.5- like old CFA lessons but his biasness vs TA and trading is like earth is flatish, as a PM I think does he have a PnL- good call dude

@ThomasFoolery8

2 жыл бұрын

@@kodiakgriz2296 being a quant dev at an actual prop trading firm does make him more informed than all of these people who call themselves “traders” but never got into a proper Wall Street firm.

@52baldingindianjanitor72

2 жыл бұрын

@@ThomasFoolery8 Exactly, the cope from these day traders is insanity. If this guy isn't qualified to critique day traders, then nobody is lmao

@zatarawood3588

5 ай бұрын

He's a young coder at a prop firm, not a major bank, hedge fund, or a proper quant fund. he doesn't have any experience actually trading. I suspect that all these strong negative views towards TA and daytraders is probably cope on his part since he cant or won't trade himself. On the point of actually daytrading / using TA he is wrong. On day trading, he doesn't realise that some of the great traders who run firms bigger than the one he works at started as day traders before starting up hedge funds, especially the old school traders from the 80s/90s, it also includes current titans like Ken Griffin. On TA, its a very broad church, some is nonsense, and some isn't. If you look at one of the biggest educators of quant trading, like Rob Carver, his systems often use TA tools and indicators. He came out of AHL and no-one can accuse them of being failed bunch of 'daytraders' who cant make money Lol Go tell R Carver that he doesn't know what he's doing since he was running a large fund at AHL) In short our friend in the video is too young and green to actually know what he's talking about) He probably tried to punt around in the markets, lost bit of money, & assumed that its probably impossible for anyone to make money since he cant)

@friend2194

3 ай бұрын

​@@ThomasFoolery8I'm not sure about that, he's making the software, but does he participate in the decision making process? Hope it can be verified

You're speaking out of terms. Selling people with your bias options, which precived as "truth" because you work for a proprietary firm, doesn't mean you truly know what it means to be a trader. Statistically 90% of entrepreneurs fail, 90% traders fail, 90% of anything that have massive upside potential will fail. That's why people who trades, invest, or start a business makes a lot more money. Traders may not contribute to society, however, it provides them freedom to work on other important things in their life such a family or volunteer work if they so desire. It's a vehicle to for an abundance life. They have risk management systems too, it's not as sophisticated as wallstreet but it works. Other wise there aren't so many successful day traders out there. Your point on emotions is invalid and poor examples were given. All traders, including proprietary traders, feel it when they put on a trade. Big lost and big win, fear and greed, are all part of the human experience in the market. It's what make the market move. Don't shit on people, and make money off of it, for what they perceived as valuable and are working for them. That in itself doesn't contribute any thing possitive to society.

@zboobafett5984

2 жыл бұрын

finally a reasonable comment. It's a good thing coding jesus is only a developer. If he was a trader, he would have been crucified lol

@justcallmewil

2 жыл бұрын

Well put. Jesus is punching from the outside. And offers nothing to help traders

@ameerulaqmalmalek9470

2 жыл бұрын

I think he has some narcissistic trait in him, i mean nicknaming himself jesus😂 always bragging about his Quant developer bs. This is the very typical of negative indian parent. Lol

@jackreacher3663

2 жыл бұрын

Very well said...

HF market makers don't care too much about the fundamentals either.

Dude, I've been binge watching your videos and lots of people will hate and love you at the same time for telling the truth. Keep e'm coming.

This CodingJesus guy talks a lot of sense! Great video. What is going on behind the scenes, is a sales pitch.

😂 since I tried day trading for a year I know that technical analysis is astrology for "finance guys". Learnt the hard way

@wuerdortitsgo1038

2 жыл бұрын

ohh this is cold bro lmfaooooooooo

@elitecoder955

Жыл бұрын

That stings a lot

@ctrezzy11

3 ай бұрын

naaah you just suck and wasn't able to follow rules/find an edge in the market lol. richard dennis made 200 million+ as techinal trader and there has been countless other traders who have made money via just technicals.

@IDONTPARTYMUCH

2 ай бұрын

No you just suck

She is a short biased trader. She doesn't trade without knowing anything about the ticker. She does look up the float and SEC filings. If the company is losing money and needs to sell stock to have the cash to continue operating, she will short the company's stock when it gets pumped because the selling will drive the stock back down. It's not random. She has a couple of videos on how to read SEC filings. The lower the float, the more dangerous it is to short a stock because it is a lot easier to push it up by market makers or whoever is manipulating the stock up. Small cap companies who are unprofitable and starving for cash often do a lot of stock manipulation to drive their stock up so they can sell for cash.

@cronstrubzo

Жыл бұрын

^ anyone in the industry will laugh at you

@antoniomangione4190

Жыл бұрын

@@cronstrubzo calm down, jesus christ, are you able to point out your opinion?

@cronstrubzo

Жыл бұрын

@@antoniomangione4190 lmao you seem to be the one triggered haha. you're mad becaue you lost your life savings following some random youtuber.

@HartmutGoetze

Жыл бұрын

I am seconding Superlative's opinion. Having watched a couple of "Humbled Trader" videos way back and she seemed to be one of the very few trading KZreadrs who are legit profitable traders. Coding Jesus points are all valid, though. With 98% of trading "content". And "Humbled Trader" could improve some of her videos by providing super short summaries of what she is doing. After years of producing videos she should be able to boil this down to 20 seconds or less.

she's not talking about stock price highs, she's talking about her profit highs. To intraday traders, it doesn't matter whether uptrends or downtrends are going on. They can make money on either direction

@eristotle2482

6 ай бұрын

my thoughts exactly. but the guy said he doesn't trade so maybe he's not as familiar with the terms

Thanks for your work. I saw 4 of your release, Subscribed. All the best.

This guy constantly compares quant to day trader. But i highly in doubt he ever had a consistent period of time day trading to understand 'day traders' behavior and their approach to the market

@ThomasFoolery8

2 жыл бұрын

He has. He works in prop trading for 50hrs a week. Do you know how much you learn at a firm like that. You learn real stuff not this nonsense off KZread.

She's trading a very niche corner of the market: Low float and micro-cap stocks. The competition in these markets is other retail traders; there are no algorithms or quantitative analysis. Your world and hers is as different as night and day.

Just found your channel. Did pretty well swing trading in the past few years and was considering day trading but your channel is definitely making me reconsider.

@DavidElstob73

5 ай бұрын

Day trading is DEFINITELY viable if you study your chosen instrument thoroughly. For me it's gold. Also if you can make money swing trading you can do the same on the smaller timeframes. A chart is a chart, after all. The truth is, most traders faill in my opinion, because they look at the previous leg of the trend instead of concentrating on the one that is happening. This makes it so easy for us to do the opposite. Sentiment always goes in the opposite direction to the trend. Retail gets shorter when bullish and longer in bearish environments. Coding Jesus is without doubt a highly intelligent man, and I admire this about him, but he is equally arrogant. He sees anyone who is't a quant as a loser with nothing to offer the world.

@mco4972

Ай бұрын

@@DavidElstob73 well, that's a bit a trait of engineers. Those who don't do engineering/math stuff are for them peasants. And they are quite vocal about it too.

@DavidElstob73

Ай бұрын

@@mco4972 another quant channel used the analogy that all the big gold nuggets have been found on earth, but there's plenty of gold dust. Therefore, high frequency trading is the way forward. How stupid. There are big moves on charts all the time - charts aren't physical like real gold. They'll never run out of big moves.

She’s actually a pretty decent trader. She uses gap, volume, and fundamental analysis to chose her stocks. The technical side is used to make entry and exit decisions. She’s one of the few who actually make money trading and share her strategies.

@jordanwilliams4264

2 жыл бұрын

@@atonlee5725 So... one income stream brings in more money so you discredit the rest? Just say that you can't trade.

@df56gh4d5h

2 жыл бұрын

Ask her to prove she is profitable by releasing all her trading statements for the past 3 years. I bet she won't.

@matthewbreneiser2196

2 жыл бұрын

@@df56gh4d5h pretty sure she has. Not for the past 3 years. But she did a breakdown of how much she has in each brokerage account and statements from a couple months.

@oaasal

2 жыл бұрын

Exactly. This junior “quant developer” who knows nothing about finance and math, is talking down a day trader who he knows nothing?

@issalatar8342

7 ай бұрын

lol what!!!! you guys are so naive and gullible jesus christ

Shay has said that part of her strategy involves looking at fundamentals as well as technicals. Regarding whether a day trader would "care" about what I assume you mean is fundamentals (?) yes and no - depends on the situation.

I feel like you carry a chip due to the nature of your employment as opposed to the retail community(how deceiving it can be to good honest people). I feel the same way but from an opposite view to yours, meaning we should expose the lies but don’t take an extremist approach to either of our positions, one can be successful as a day trader but 99% of youtube content i agree is “gambling”.Try to take a middle ground instead and use your knowledge to help people rather than take full pride from your side. I also hate what I see and I tell everyone “if they’re really making money day trading, they wouldn’t need a KZread channel to sell you anything” it’s just simple common sense. Hope you’ll consider my opinion and hopefully create content from a different perspective because you will be the only one.

@MorebeatsTV

3 жыл бұрын

This coding jesus dude has a KZread. Does that somehow negate his expertise?

@MRT-co1sd

3 жыл бұрын

ENEVISON：He is entitled to express his opinions and to express it on KZread. You might not agreed with his views but there are others who do.

@WannabeOperator

3 жыл бұрын

He isn't saying you can't succeed as a day trader, he's referring to statistical fact that the vast majority of day traders will try and fail miserably. Just because one person does it doesn't mean everyone can... And statistics also prove most day traders destroyed their overall profit potential day trading when compared to if they'd held some of those same positions long term. Day trading is hardly more than just trying to scalp

@52baldingindianjanitor72

2 жыл бұрын

He's actually done real quantitative development at legitimate prop trading firms. The dude definitely does not have a chip on his shoulder looking at day traders on KZread if he's managed to achieve that lmao

Every single ad I get off of your videos is from Tim Sykes, a day trading guru.

There is a difference between trading your own money VS trading the hedge fund's money. One becomes more emotional trading your own money. This is why mindset is important in trading.

@zatarawood3588

5 ай бұрын

Exactly) Also he doesn't realise that different ppl trade differently. Actually I use quant methods, but I have come across at least two guys who trade with their gut and make money and large amounts of it consistently. I assumed that its their subconscious read of the market which enables them to do so. For them emotion or their feel of the market is very important. Now most ppl cant trade like that but it doesn't mean that nobody can)

@mcevensbien-aime4558

20 күн бұрын

Thanks Jaime! I was waiting to see someone saying that!

Great video.... Thanks for sharing your insights....

i can bet my money , he is a failed traders and a pessimist on trading community , and talk being a quant , while he has no prove , he is just a regular youtube coder. question him to show his quant background.....

@IDONTPARTYMUCH

2 ай бұрын

Facts

I haven’t seen any traders say “I want an employer.” Many get into it to not have to work a regular Job...

@PamphileJonathan

2 жыл бұрын

That’s the purpose

Please give your thoughts on prop shop trading/ traders, FTMO challenge, Price Action, etc dear. I really enjoy your contrarian ( well to the average) perspectives. Thanks

About the ending statement: as a mathematician I still have much to learn to roast someone like that XD..., but it was funny

a very honest channel

what do you suggest for a retail trader? a lot of what you are saying concerns a quantitative hedge fund which makes markets but retailers cant do that.

Really good reaction video. Don't know anything about trading but definitely walking away learning a thing or two.

@CodingJesus

3 жыл бұрын

Awesome. Glad to hear.

@AM1998-

11 ай бұрын

If your letting this guy who doesn’t even Trade himself or know what he’s even talking about when it comes to trading affect your decision then Goodluck with anything in life.

Delta hedging options works - There is plenty of math behind things like selling 16 delta strangles in high volatility. Never buy premium always sell premium and look for high volatility and you can determine implied volatility rank by taking the high - low over the low.

Mr Jesus here is a Hustler like all the others.

TA assumptions: 1. Price discounts everything 2. Prices moves in trend 3. History repeats itself 4. The process of calculating risk based on data gathered by visual analysis Quant assumptions: 1. Market movements cannot be predicted. 2. Volatility is constant, hence predictable. 3. Reality is something that can be studied objectively & history repeats itself. 4. The process of calculating risk based on data gathered by numerical analysis TA = QUANT (it's not a myth)

@Shreendg

7 күн бұрын

Volatility is not constant. What are you saying?

@fr0xk

7 күн бұрын

@@Shreendg Google the meaning of "assumption"

Just saying man, u are completely right. But I've watched 10 videos now, u have not talked about 1 single method yourself. All you have done is say, we use methods, financial models, etc, and never explain any of it.

@jackreacher3663

2 жыл бұрын

Because he blowing smoke..

I love this channel

"manage risk" is a classic... this is said incessantly in trading chat rooms, yet never means anything

@CodingJesus

3 жыл бұрын

Exactly...

@louisszeto31620000

3 жыл бұрын

Why every “gurus” thought stop loss is risk management lol, its just one single minor skill. The dunno about statistics like value at risk, covariance etc

@manojramesh2489

3 жыл бұрын

@@louisszeto31620000 Ik how banks trade I trade like banks Banks trade price action 🤡

@zatarawood3588

5 ай бұрын

Its also said by almost every hedge fund or asset manager ... in fact they have whole departments paid a fortune to 'manage risk'. Its essentially controlling the downside and you can do it in a simple way at home, by say cutting a loss at 5% in any position, or in a complex way by building a massive model looking at historic drawdowns and correlations of positions etc.

The people at the firm aren’t trading their own money...

the strange thing is that @coding Jesus is not a day trader. he knows little about the profession. He is a programmer. All of the things he says here about technical analysis and day trading is not true.

You clearly didn't study the life of Jesus..... Don't take that name in vain

Hi great video, so how are your traders trading at your firm? Are they all just managing the algos?

I assure you the traders at your firm do have to be emotionally strong, or in other words they have a high amount of emotional control. Also, by on the “high” she meant profitable, not that stocks are up, traders don’t care if markets trend up or down as long as there a clear trend. You said history isn’t a predictor of the future but isn’t the data your algos use historical?

@JenMarco

2 жыл бұрын

Well said. This guy contradicts himself and reality. What does he do, pick stocks at random or look at the historical data and technical analysis?

@DataTrading88

8 ай бұрын

really, he is just full of shit. Dont lisent to this guy, such an ego. He is not a trader, is a quant developer.@@JenMarco

At the firm nobody talks about emotions, because it's not their own money. Actual trading is control of emotions. Quantitative models don't guarantee price movement, like many quant traders think. Technical analysts, don't need to sit for 8 hours making money. These are all doubts, quant traders have about technical traders.

this dude so salty lol

Great video. I'll be sharing this one when I hear people 'learning trading from youtube'.

This Quant Developer is no trader.. Tim Grittani and Steven DUX are some of the best traders out there..

I get some of your points but you are coming at this from like you said "a lay person's perspective". She took the position of shorting because a lot of times these gappers will slam down at the open, which SNOA did on the chart that she posts. About career's - The definition: an occupation undertaken for a significant period of a person's life and with opportunities for progress. So yeah, if someone day traded for a long time and progressed by making more money that would be the definition of a career.

@ngusumakofu1

6 ай бұрын

Well said. She’s making a living out of it. Feels to me like he was just looking for any reason to take jabs at her.

What's your opinion on options Coding Genius? Zero Sum game still?

I'm a budding algo trader, but I'm also aware that billionare James Simons, founder of Renaissance Technologies, used discretionary trading to multiply investor money by 12X in just 2 years before ever creating his first algo model.

@rebusd

Жыл бұрын

yes, haha Dr. Simons and crew had all kinds of strategies in the beginning, some no different than retail/day. The data collecting they did next, however, is legendary.

Why are you analyzing other people's analysis of their emotions? This is useless. Remaining fiercely objective is how you win. If you can't make a mathematical argument with data then ignore it. You and I have no idea how much money she is making (or losing) with her trading. There's no data. Nothing to see here. Move along.

Emotions.... It would be like if you found $100. you would feel preety good. But to loose $100 you feel very bad. It is like someone stoled it from you.. the gain is less positive than the loss is negative. Money is money... no matter who you are.

CodingJesus, can you do a video on stock manipulation? To warn your viewers if "manipulation" is a real occurrence or not. And if it is, ways to spot it, and use it to help your trades. Thanks.

11:12 rubs his head to prevent emotional headache Hahaha :)

This video takes me back to my grad school days as an international student trying to make extra cash in Maryland trading FX on Oanda after I paid for a course for $300 ,i eventually traded FX and money markets at a Swiss bank for 4 years and I can see a lot of deficiencies in this whole scenario and why I would discourage retail trading unless you have a highly trained mentor who can stake you capital.My bank spent lots of money to train me and sometimes I had loses-the most €30k,but l I traded profitably for at least two years on the desk.Point is trading independently requires extreme experience,discipline,resources or all to be profitable.

The difference between an institution and a "day trader" is one youre handiling other peoples money with a specific strategy that has been thought. While retail is just trying to make a living getting out out of the grind and are handling their own money. That type of pressure is something you dont seem to grasp.

I just stumbled upon your video and I noticed you prefaced it before even getting into it that the video was going to be negatively biased. So I'm very curious to know if you do like any ones strategy of Day Trading?

this is literally the reason why they regulated hedge funds SO much after the 2008 financial crisis. This is a prime example of someone who doesn't actually understand trading but will sell a course because they get a "high". Great video, I'm just late to the party.

eye opener video, I love your videos Thanks! but, though they are classic, not advanced quant, math's macd, ema, rsi, vwap... etc are math?

he tells about trading courses but sells coding course, how hypocrite

Which programming languages are best to learn today for high frequency trading?

The triple consolidation reverse backflip tho ... lol

@CodingJesus

3 жыл бұрын

Only the professionals can achieve that.

What about discretionary HF strategies? do you all the money trading is in quant now ?

you would try what is day trading, you would know what she is talking about. she is talking the right thing. your company traders are not trading with their own money but we do and even they lose nothing happen to them. what i do not understand : how can she lose so much what causes an impact on her mood? Psychological imbalances are not allowed in trading, i truly think this is one of the main reason why people lose money. they are unable to control themselves for the long run. how crazy is, you have to be certain in an uncertain environment.

where does the 95% stat come from I've been looking for it but I can't find it

@infinitebrian9178

2 жыл бұрын

kzread.info/dash/bejne/o5x8sc-ThqTXcqg.html - a video from Ben Felix that gives data

Well said :) Is not about emotions. Is about statistics, probabilities. You need to know winrate, a well tested edge, using principles such as correlations, fundamentals, and multi timeframe analysis.

I posted a statistic on one of her videos that day traders are far more likely to lose all of their trading capital then to make any money. It was promptly deleted....sad. I guess we can't post truth anymore. It's not even debatable, most day traders lose all of their capital.

Another thing there is a huge difference to be a market maker and a directional trader. Market making is easy compared to directional trading.

@codingjesus. quantitive trading still involves some form of analysis, statistical or not, inter alia,positions are still ultimately taken based on a different type of speculation. Still a form of gambling correct ?.

I am an extremely rational person and I would disagree with you here. I had this discussion with a colleague. The bottom line question is, what drives the market price finding mechanism. There is only 3 answers to that: 1.) fundamentals 2.) psychology 3.) math/algorithms/data. I think it is pretty clear that fundamentals do not drive the price, at least short term movements (long term of course they do, but this is about day trading). So its either algorithms or people, which act like people (which brings us back to emotions and psychology). If you argue its algorithms, the question is what are the parameters (the relevant actors in the market). I would argue algorithms represent mathematical models of market actors (represented in data) with a speed advantage. So the person is the egg, and the algorithm is the chicken. But even if you argue vice versa, my argument would be that every mathematical model can have a visual model. I would argue that you do not have to program a function based on data if you can understand its meta model and information presentation (the graph). That is what people who try to "read" graphs claim. One can of course argue whether their methods are valid or too naïve, but if one assumes that short term market movements are based on fuzzy math, machine learning and algorithms, there is a graphical model of that, that is subject to pattern recognition. Personally I do not day trade, I try to understand what I buy, that works well for me. But I do not, for a second, believe that short term market movements follow rational causality. I think the algorithms just have become better at being predictive neurotic than the input they process.

Successful traders with 10+ years of trading experience that live off of trading and nothing more are watching this like 👁👄👁

@user-dr9gs6wh1k

3 жыл бұрын

I can confidently say that you couldn’t give a singular example of one...

@miunify

3 жыл бұрын

@@user-dr9gs6wh1k i don’t care what you can confidently say or not 😃

@user-dr9gs6wh1k

3 жыл бұрын

@@miunify Awee, did I hurt your feeling? 🥺 poor guy

do you still hold the same views on swing trading as you do for day trading?

The fact that you have 70k subs. while ICT Michael or whatever it is has nearly 1M, tell's everything about how people seek easy money mindset... love your channel dude!

She makes money shorting stocks when they go down. Bull and bear market don’t effect her ability to make money. She’s got great advice in this video. I don’t understand why you have a problem with it.

I understand what you're saying in this video. But you can't compare a trader from a prop firm to a retail trader with emotions. A retail trader is trading with their own capital so there is an emotional side to it. Prop firm traders are not trading with their own money so emotions are numb in trading.

@CodingJesus

3 жыл бұрын

You're right. Day Traders trade their own money, Prop Traders trade their careers. If a Day Trader loses $3000, oh well. If a Prop Trader loses $1,000,000, good luck finding employment.

@codelikeivan5355

3 жыл бұрын

@@CodingJesus yup. So maybe Prop traders do have some sort of emotion while trading ? 1,000,000 on the line means job on the line ? Geesh I guess emotions are in play during trading🥴

@CodingJesus

3 жыл бұрын

@@codelikeivan5355 Please watch my video on risk management to gain a better understanding as to how risk is managed in real trading firms.

@AnthonyBerlin

2 жыл бұрын

@@CodingJesus As I see it, there are two main reasons retail discretionary traders get emotional when they trade. 1) They do everything manually. They can't manage a portfolio like a prop trader can because it would be impossible to do so without the necessary software. They aren't automating the trade execution so they can only focus on one or two trades at a time which means they need to simplify their risk management and risk more per decision since every single trade affects their bottom line way more than a single trade in a portfolio ever would. That makes each decision more emotionally tolling. 2) They don't trade based on statistical models. All they have is some manual backtesting data (usually win rate or ROI) based on like 100 trades. In other words, they know in the back of their minds that what they have could fail at any time and what if that time is now? That definitely makes their decisions more emotionally tolling.

7:52 i just love how you put it Ahahahahaha

Good analisys.

mean reversion strategies can be applied on the market and get day traded if you have proper risk reward ratio and risk managment.

So what do you suggest we do then

Your clearly never traded the stock market. It is easy to be non emotional when trading with other peoples money. Do you realize there is more to trading than quantitative strategies and propriayery trading, market making? Yes this kind of strategy with negative skew you should not scale down, it doesn't mean there is no strategy where scaling down is good. You are saying something about bettering the world? High frequency is bettering the world?

Why don’t you review Ross Cameron (Warrior Trading) He’s an educator and has audited multi-year trading records, I’d be interested in your similar review. Why don’t you also provide a similar trading recap by one of your firm traders. Really show what’s involved in being a algorithmic trader in the small/large institutional world. There are retail algorithmic traders who don’t have the emotional reactions of discrentionary technical analysis traders.

@cramsa

3 жыл бұрын

Don’t hold your breath... he probably will only “review” people who make himself look more competent.

@reido66

2 жыл бұрын

Ross Cameron is a scammer

@borntodoit8744

2 жыл бұрын

@@reido66 No Ross Cameron CAN trade but he makes much more money from teching trading...last i heard 3M per month !! Hence he can afford to "show off" a trading account of 1M with thousands of profits (and loss) per trade. Even if he lost 1M on trading he still made 2M that month. You see the numbers and how they work.

@mvl3379

Жыл бұрын

Fake trading records. If he is so good at trading why don't he build his own fund? Why teach? None of his "students" succeed. Which fund/bank teach their trading strategies for a fee?

@mehmet24a

3 ай бұрын

ross cameron is successful but also very dangerous as he promotes day trading on youtube and has a million followers. more beginner traders will come and give their money to small caps market that he is trading in.

I like to trade break-outs with rules on entry and exits. When I am 50% accurate I make good money. It's not just about random prices or being accurate; it's about managing your money on "possible" big volume movers. You only have to be right 50% of the time to make money. Some of us don't look for patterns or predict price movement; we calculate win/loss ratios.

If your strategy relies on controlling your emotions, then your strategy sucks.

Why do you think the CARES act is harmful or made for the rich? I do get shortcomings of it, but overall it does look like a good way to expand credit. Love to know your thoughts!!

@ngusumakofu1

6 ай бұрын

He’s just regurgitating talking points.

can you please make a video on how the pros trade, their strategies, no need to explain exactly the strategies but just some idea, some hint some logic

I certainly don’t agree with everything in these videos but this dudes fucking gold 👍 New subscriber here ✔️

What is risk management in the quant world? I'd like to learn some details.

Please continue to speak truth. We appreciate you!

Way to spit Truth.

Can you make a video on how prop traders use fundamentals to trade?

@ThomasFoolery8

2 жыл бұрын

They don’t. Fundamentals are already priced in.

@ThomasFoolery8

Жыл бұрын

@rysio ochódzki my friend, FA and TA are a scam sold to amateurs like you. I work in the hedge fund arm of a prop trading firm (probably a direct competitor to this quant dev’s shop) and I’ve worked at a few other shops throughout my career. No serious trader gives a damn about fundamental analysis. If it’s real, it’s priced into the market the moment the information is released, and there are other businesses who specialize in that trade and are scraping text off Twitter posts the moment they come out, etc.

I want to get in on some $DGSHT options. How do?

Hi, I have been watching some of your videos and see the way you talk about retail trading and that basically whoever trades outside of a proprietary trading firm doesn't know what they are doing or that almost everything traders do outside a prop firm is wrong... I'm learning so by no means I have all the answers but I wanted to ask, what is the way to do it right? Like, an example of the "methodology" or "logic" or "statistic information" you mention or, is it even possible to do it "the right way" outside of a prop firm?

@amgineco

2 жыл бұрын

Most likely never traded either.. He CODES for the traders..

@matthewbreneiser2196

2 жыл бұрын

@@amgineco believe he said he doesn't trade at the beginning of the video. This reaction is purely based on what he sees while coding. Which is probably why he so strongly believes that being weak emotionally/mentally can't lose you more money than you needed to lose.

Coding Jesus is also a good psychologist and observationalist.

Cmon dude… I think only a day trader (whose had a couple of years of experience) should assess another day trader. It’s a profession and a serious one at that and should not be casually commented on like that.

How much money do you make? I can consider a different career. Currently a day trader with loss.

"if you wanna learn how to control your emotions maybe get a girlfriend do something else that's actually emotionally challenging" I appreciate the dude being honest about the reality of relationships as opposed to it all being sunshine and rainbows. 😂😂😂😂🙂

day trader has such a dirty connotation, I wish there was a term for independent traders who may not work for a firm but still use a quant workflow to trade vol, pairs, etc

@amgineco

2 жыл бұрын

Proprietary Trader.. System Trader..

fun thing that u say in the quant video that a trader's mentality matters; which is another word for emotional control. How come it's bullshit whn she says it?

@CodingJesus

3 жыл бұрын

Rewatch that snippet in this video.

Brilliant