Two Millionaire Traders Share Their Secrets
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Bryce Tuohey and Matt Monaco are joining us for an exciting conversation. We dive into a multitude of things such as support and resistance. All traders find themselves in a day of prime success followed by a loss; learn how to rein in your strategy. Sticking to your plan is easier said than done; because sometimes temptation takes over. Matt and Bryce share how they work to break this habit. Have a real system in place for 99.9% of your trades. Ego is something that can put you in a hole; however, everyone has it. Managing your emotions in the market is essential. Watch this video and learn from these two talented millionaire traders.
Bryce n Matt are Tim Syke students: profit.ly/guru?aff=10026
Follow Bryce on Twitter: / traderbryce
Follow Matt on Twitter: / mono_trader
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Пікірлер: 176
Insightful video. I just want to know best how people split their pay, how much of it goes into savings, spendings or investments. I'm 52, and earn nothing less $150k per year, but nothing to show for it yet
@donwhizz7880
Жыл бұрын
People spend money when they have it. And certain people spend more money when they have more. Consider seeking advise from a financial advisor if you are concerned about managing your finance better
@emilysmith5287
Жыл бұрын
Right, you can avoid the pitfalls associated with lifestyle inflation by consulting a well grounded advisor, to help plan your short- and long-term goals, it all depends on proper guidance. I've watched my income generate wealth over the past 2 years and 6 months, I now own a house fully paid, and with at least $2.2m sitting in savings thus far. All of this is a result of subsequent investments, and following expert advise.
@onwugharablessing8264
Жыл бұрын
Nice, who is the FA aiding you if this is not much i'm asking? my retirement plans are going down the drain with my 401k particularly losing everything it gained ever since 2019
@emilysmith5287
Жыл бұрын
His name is "Jackson Sten Marsh", cant divulge much. Most likely, the internet should have him basic info, you can research if you like
@onwugharablessing8264
Жыл бұрын
@@emilysmith5287 thanks for this tip. His web site popped up on Google immediately I searched him up. I read him resume and it seems pretty. I wrote him and I’m waiting on him reply.
Bro you are carrying the trading community. Prob the best interviewer especially when you are able to have fun talking while interviewing. HUGE W's. Thanks for all you do
@user-uj6oi6bg9z
2 жыл бұрын
>>>
The best traders seem to start with a rigid and algo based trading plan to learn and get confidence but they don't seem to be successful until they develop the art of trading with lots of screen time and discretionary skills which only come with understanding trading psychology and emotional maturity/knowledge.
@user-uj6oi6bg9z
2 жыл бұрын
>>
At 10:30, you said something that resonated with me. I was trying to force my setup based on other people's rules. It rarely worked. Surprisingly, I trade two triple inverse ETF's on the 5 min chat and take all 1:1 RR trades. This setup breaks so many rules from other people's setups, but it works for me.
@user-uj6oi6bg9z
2 жыл бұрын
>>>>
The boys!! I’m 1min in and I already know this is gonna be gold! Thanks Alex ☺️
awesome interview as always B!
great video B, always learning the mindset of different traders.
Thank you guys great show and great info!!! Thank you for sharing!!!! Will Re Watch over and over!!!!
@user-uj6oi6bg9z
2 жыл бұрын
>>>>
All the questions you asked are the questions i ask to myself as a struggling trader! Thank you! Now the path is more clear for me! Please keep up the awesome work!❤
Awesome interview ,thank you for sharing 😊😊😊🙏🙏🙏
Awesome talk. I trade options and feel the opposite with shares. I Never win!
@BTheStory
2 жыл бұрын
Thx man for watching
@sharongold6654
2 жыл бұрын
Let’s talk 🔝🔝
@stevenmichaelfletcherjr4464
2 жыл бұрын
I was about to say that brother, It sounds like Tuey and Co, like to gamble w options and trade stocks with rule sets
@nevinkuser9892
2 жыл бұрын
@@sharongold6654 Let's you and me talk.
Listened to this one on Spotify. Good conversation with these dudes. Way to crush it!
@brycetuohey4308
2 жыл бұрын
Thank you Ben
Great conversation
oh man the options itch is so real. When they hit they HITTTTT lmao Fun useful conversation loved it, thanks B.
@user-uj6oi6bg9z
2 жыл бұрын
>>>>
Great pod. Main thing i been working on is that it's all about consistency. I been trading for a year & i learn new things everyday, im trading small size and its not about the $$ gain, its all about the % gain. If i can make 5-10% on 100/500/1000 dollars, once i feel comfy with a pattern and im able to go in bigger and im still gonna be making 5-10% but that money grows as your account grows.
@BTheStory
2 жыл бұрын
Thx Michael
@sharongold6654
2 жыл бұрын
Let’s talk 🔝🔝
Understanding how to use options is key.....45-60 days out, AT or in the money around delta 70...boom done.
@user-uj6oi6bg9z
2 жыл бұрын
>>>>
Great interview as always Alex. I'm glad I found your channel, it has helped me alot to understand I dont have "unique" problems and how other traders overcome them. Keep up the good content!!
@sharongold6654
2 жыл бұрын
Let’s talk 🔝🔝
Your channel reallllly helps me through red days. I almost always save your videos for when I go on jogs and depending on how long they are will determine how far the run is. I appreciate your content and get a tremendous amount of value out of it. Thanks man. I hope you see this and keep on going. You’re a dope person.
@user-uj6oi6bg9z
2 жыл бұрын
>>>>
those two guys really know each other great friendship
killed it!
another awesome show, thanks guys!
@brycetuohey4308
2 жыл бұрын
Glad you enjoyed it
Fun interview
I took some pretty large losses last week due to some of the reasons you guys listed and hearing from guys that have been there and dealt with it and are still going strong is the kind of stuff that helps you keep going. Thanks guys.
@BTheStory
2 жыл бұрын
Thank you for sharing, I wish you the best on your continued journey Gerald
@sharongold6654
2 жыл бұрын
Let’s talk 🔝🔝
Just Curious why the videos take so many months to come out? All love just wondering
@sharongold6654
2 жыл бұрын
Let’s talk 🔝🔝
Being an option hog myself, I found it to be a painful exposure to the gambler rouge I am. This was a great warning video for those who want quick profits, but find the temptation of leveraging risk too great to resist, only to suffer that painful theta drain out. Getting hit by a bus has a way better risk to win ratio.
@user-uj6oi6bg9z
2 жыл бұрын
>>>
Is it really impossible to profitably trade options if you apply the same mechanics as w trading outright stock?
@BTheStory
2 жыл бұрын
I don’t trade options so can’t say. . Thanks for watching
These dudes dropped some major nuggets. Nice job on the interview.
@BTheStory
2 жыл бұрын
Thank you Tyme!
well done lads !!!!!!!!!!!!!!
The one thing that people need to understand is that if you take money from a trade you are a profitable trader, it's about being consistent when you can make a living from the market. Don't focus on being profitable focus on consistency.
@BTheStory
2 жыл бұрын
Consistency focus. Process over profits
@sharongold6654
2 жыл бұрын
Let’s talk 🔝🔝
Great podcasts these, you should try get Sean Dekmar on!
Bro pls be honest, can forex actually make money or is it a zero sum game designed to take clients' money legally? Ofc im talkin bout this being even done with the best strategy & performance.
Awesome episode, you guys were so much in a good mood, it was a pleasure to watch, keep up Alex !!!
@user-uj6oi6bg9z
2 жыл бұрын
>>>>>>
Thank You for thr video.
@sharongold6654
2 жыл бұрын
Let’s talk 🔝🔝
Would love to see a video on how you study a chart. The things you look for before entering a trade, especially for swing trading.
@BTheStory
2 жыл бұрын
I have plenty of videos on this.
@r8erumen
2 жыл бұрын
Anyone you can point me too. By the way love the content and your story. I'm a new trader in MIC and starting to become consistent.
@sharongold6654
2 жыл бұрын
Let’s talk 🔝🔝
I like these guys, funny but down to earth. You can see they share a nice bond. :-)
@BTheStory
2 жыл бұрын
Thx for watching it Clean
@sharongold6654
2 жыл бұрын
Let’s talk 🔝🔝
Great video, guys!
@brycetuohey4308
2 жыл бұрын
Glad you enjoyed it
Another great video Alex. Once again I learned so much from your content. As a very new trader who trying to become consistent Thank You so much for what you do. Especially since you always ask your guests to consider us newbies when describing trading. I will definitely look these characters up and follow
options on penny stocks dont work because to delta to move stock needs a huge dollar move
@sharongold6654
2 жыл бұрын
Let’s talk 🔝🔝
Awesome
@brycetuohey4308
2 жыл бұрын
Thank you
show their brokerage statements
@BTheStory
2 жыл бұрын
Thanks for watching
@sharongold6654
2 жыл бұрын
Let’s talk 🔝🔝
@stevenwilson2292
2 жыл бұрын
That’s the thing, don’t listen to anyone unless they are actually making real money. People make money in this world and then take advice from some guy making peanuts.
Great content from BTT, NOW in 2023 what we need is interviews with successful traders that use AI algorithms indicators or code in python to improve their odds...we are in the exciting new Era of ChatGPT guys! Time to kill it and make some good money!
I loved this episode! I really like hearing about trader strategies and setups. Keep asking those questions 😉
@user-uj6oi6bg9z
2 жыл бұрын
>>>
Very good one. Thank you guys (:
@brycetuohey4308
2 жыл бұрын
Welcome destiny. Glad you enjoyed it
LMAO!! i loved this episode, you boys got me loling over here! Really good interview..I cant stop smiling thank you all once again
@BTheStory
2 жыл бұрын
Lol thanks 🙏
Motivation
damn!! thankyou so much
Hey have you considered doing an interview with Ross Cameron; I’m in his community and I think he’s great trader for your community to hear from.
@user-uj6oi6bg9z
2 жыл бұрын
>>>>
These guys are awesome. 🤑
@brycetuohey4308
2 жыл бұрын
Thank you
I loved this interview because it talks straight facts 🔥🔥🔥and very not every trade is perfect and you have to adjust your plan accordingly 👌🏻
@user-uj6oi6bg9z
2 жыл бұрын
>>>>
Great interview. All 3 of y’all motivate me big time! 😁🤝💯💯💯
@brycetuohey4308
2 жыл бұрын
Thank you..
Lost $275k in 15 months. What did I learn? I suck at trading. Lost day trading, lost swing trading, lost by adding to losers, lost not have sell stops, lost at going bigger to make up on loses and probably every other thing you are not suppose to do. I’m paper trading now and of course I’m up 10 plus percent! Emotions don’t belong in trading and that’s why the big houses use AI.
@William.-.
2 жыл бұрын
Do you use a trading journals? Also look into trend following it will help cutting loss quick and ride the winners. Hope you recover the $275!!
@brycetuohey4308
2 жыл бұрын
Sorry to hear that . Hit me up and I will put you through
great talk! I watch these two guys on Stocks to Trade all the time. But recorded in Nov 2021? I feel like we're in a totally different world, different market now, just 6 months later lol.
@user-uj6oi6bg9z
2 жыл бұрын
>>>>
@pjonly7688
2 жыл бұрын
Exactly
Cool interview, awesome that it was casual and funny. Great job guys
I love these interview type videos they’ve taught me a lot Thankyou! Keep up the good work man , maybe one day I’ll be on 😉
@user-uj6oi6bg9z
2 жыл бұрын
>>>>
@brycetuohey4308
2 жыл бұрын
Surely you will
99% of subbies fail ask the chatroom to do a poll if you don't know. Only the furus get rich. They don't teach the detail of choosing and executing the trade that is why there is so little live trading.
@user-uj6oi6bg9z
2 жыл бұрын
>>>>
Awesome BE THE TRADER, you are such a great interviewer, I love all three of you guys, I learn so much....you guys are the best, for real, I watch everything that you do very informative
Trader interviews are the best on this channel. I'd like to see Nour trades on here eventually. Great interview.
@brycetuohey4308
2 жыл бұрын
Thanks . How are you
What a good vibes tho 🥸
@BTheStory
2 жыл бұрын
Thanks
Letss gooooo!
@BTheStory
2 жыл бұрын
LetgooOOOO!!!
@sharongold6654
2 жыл бұрын
Let’s talk 🔝🔝
15:35
OTC penny stock traders, hating on Options 😂😂
The first guy talking about him getting into options is literally me to a T. Jesus christ lol
0:43 November?
“Smart People Don’t Like to Be wrong” I either need to come to terms with fact that I’m not that smart 😂 🤦🏻♂️ which would make it okay to be wrong. Or find another way to be okay being wrong. Probably both.
that breville has a hot water feature. you dont need those other machines around her
Am I the only one that only hears COVID trading every time he promotes that broker?
@user-uj6oi6bg9z
2 жыл бұрын
>>>
had a great run , woke up rolled over open up TD, market only been open for 2 mins, bought like 48 contracts on AMD weeklys on the stupidest week possible and it was a 6k loss that didnt even hurt but did, i tell ppl and their like damn and im like ehh cuz ive seen the returns options can bring and easily 2 good trades or 1 good trade and you recover 50% or even 100% of your losses. keep pushing degens
@user-uj6oi6bg9z
2 жыл бұрын
>>>>
@user-uj6oi6bg9z
2 жыл бұрын
>>>>
I need trading friends to talk to like this
@BTheStory
2 жыл бұрын
Right! Thankful for sure. . Thanks for watching
@sharongold6654
2 жыл бұрын
Let’s talk 🔝🔝
Why do you delete comments that contain criticism??
@user-uj6oi6bg9z
2 жыл бұрын
>>>
Pls ger better Mikes
What's up with the audio. Its reversed. The left guy is on the right speaker 🤣
November? This stuff moves too fast .
And girls having ego as well. Ughh. It is so hard to admit that you are wrong and cut it quickly. Instead, i would hope for stupid bounce back?! And afterwards, i am punishing myself and questioning itself, "what have you been thinking, girl ?!" Or i like to wait certain % of the profit and bargain: no, let it be round number, why it should end on 1.92, gimme $2 bc. i want this amount of profit!!!.lol. uggh. The market humbled me soooo quickly after leaving me with a few stinky bags for a months. lol. But, i was beginner, so it is ok to have Learning Curve!;)).
Sound guy needs to learn to read a level meter.
Not sure when Bryce became a millionaire. If I missed it in the video then shame on me. Last September he was only at a few hundred thousand and was taking a break because he went red 3 months in a row. So if he grew his account 300% since coming back from his break that he took in September then that's awesome. I learned a lot from these guys when I first started trading. Then hit a realization that the markets don't actually work like these guys or anyone else says it does. The key to becoming a successful trader is understand how Market Makers algorithms work and finding liquidity. Has nothing to do with indicators or patterns. But no one will ever teach you this because the people who know this don't want to share the secrets because it's taken several years to figure out. My own brother wouldn't share this tip with me once he hit 7 figures so I can't expect guru's too either. Just remember people, there is no strategic strategy to trading breakouts. Your gambling. There might be things that profitable breakout traders pick up on that 90% don't but for the most part it's gambling. Study how the markets truly work and what really moves a price and you will be successful. 90% of the market is moved by institutions. Institutions win 90% or more of there trades. 90% of retailers lose. Trade like institutions. I can assure you institutions arent sitting there scanning ema crossovers buying dips on bull flag patterns. By stocks at lows that have overhead liquidity like bag holders or stop losses. Algorithms will move price to hit those liquidity zones.
November? It's april.
LOOOOOOOOOOOL "im more like a crypto punk"
Is Matt really twice as large as Bryce, or is it just a perspective thing? 🤣
been eating like a bird and pooping like an elephant in the market lately
Is it me or the word "like" was mentioned 3211 in this whole video, I stopped watching after 10 minutes, I respect that they are pro traders ,but can't sit through this without listening to this word 15 times a minute
I make huge profits on my investment since i started trading with a professional broker Mrs Selina Rivera, her trading strategy are top notch coupled with the little commission she charges on her trade. Thanks so much ma'am♥
@benroland3652
Жыл бұрын
With just a thousand bucks. my portfolio is worth much more now within just weeks of trading with her thanks Mrs Selina
@martinthomas9371
Жыл бұрын
I'm surprise to see others who trade with Mrs Selina, i am currently on my 5th trade with her and my portfolio has grown tremendously.
@felixsizer300
Жыл бұрын
I thank you for the level-headed financial advice. I started my investment with $2,345 in just a week of trading with her I’ve gotten $6,539 in my portfolio. Thank you Ma'am
@anitalawrence2668
Жыл бұрын
Pretty good. please how can i reach this Mrs Selina? i want to invest i'm in Taiwan
@benroland3652
Жыл бұрын
@@anitalawrence2668 REACH HER ON HER TELEGRAM
🔥🔥🔥
@BTheStory
2 жыл бұрын
Thx Brotha
love your videos.but audio quality is bad on this one but keep it up I have learned alot. and the interview content is 10/10 great stuff just can't hear the fella on the left
Serious, those caps look very stupid.
Dude great show but please buy a new mic bro FUCK
Please spend some more time getting the audio right... so many of your vids sound terrible tbh. Bad audio on one video, sure that can happen...multiple? Lazy.
@hellomiami4012
2 жыл бұрын
2 examples here: 1. the audio in general is distorted and 2. why is the guy on the left's voice coming out of my right earbud (panned hard right)? it's completely disorienting. Just some feedback 😎
@BTheStory
2 жыл бұрын
Appreciate you watching still. And feedback
@sharongold6654
2 жыл бұрын
Let’s talk 🔝🔝
What a pile of craps 🤮
Oh lawd I can already see these are some Timothy Sykes students huh? lol they are so cringe .....sorry did not like this one Alex :(
@wadenolan1
2 жыл бұрын
Morning PaNiC !!! LoL
@jorgezavala6984
2 жыл бұрын
They actually have some of the best free trading content on KZread. I personally try to learn from successful people regardless of my personal bias with them. Like they talk about in this video, controlling your ego is very important. P.S. I'm not trying to criticize you, just trying to help out. I personally had to grow a lot to become a better trader. Cheers!
@traderbryce
2 жыл бұрын
Yes, sorry if having fun and smiling while talking about trading = cringe. I'll try better next time!!
you should get ross (warrior trading)
Insightful video. I just want to know best how people split their pay, how much of it goes into savings, spendings or investments. I'm 27, and earn nothing less $150k per year, but nothing to show for it yet