Hello, everyone today I'll be answering all the questions I got from you guys over Instagram, both the trading and non-trading related questions.. There's a lot of juicy questions so make sure to keep on watching.. So that starts with the trading related questions. First, I kind of categorize everything and the first category is getting started with trading.

The first question: what was the most important part about learning trading, So I think the most difficult part is actually finding a direction and building the foundation., So we can only agree nowadays. It's not difficult to find information or videos on YouTube or online teaching you about trading, but most people when they started. They would just jump from one video to a next one strategy to a next without building the actual foundation of technical analysis or risk management.. So I think most people lack structure..

It's not the fact that you don't have information, it's a fact that you don't know the slow progression to spilled up your foundation and slowly level up.. The next question is how much capital to make $ 500 a day. I think this is a wrong approach to ask the question.. I think you should be asking how much capital are you willing to risk a day, So everyone has different risk tolerance..

So I would say if you want to start making $ 500 a day, you will need enough capital to be risking at least 100 or 200. Are you comfortable with that So ask yourself that question. And if not, then you're, probably aiming too much or risking too much money. But as a general guide? If you are risking that just say $ 100 a day, then you should probably be trading around a $ 10,000 capital., Your biggest ah-ha moment when learning to trade..

So I don't think there's one singular moment, but I will say it's a slow progression after I made the changes to start actually focus on risk management. Before I will always have profit goals of $ 50 $ 100 or, like the previous question $ 500.. It's really once I really started looking at trading from the risk reward perspective. We talk about and trying to keep that risk constant.

As I slowly build up my account. So always focus on the risk.. How long did it take for you to become profitable day trading? So my first year I was all red. I lost a lot of money, a lot of small accounts it's after a year or two in the middle of year, two that I went from red to green.

And after that slowly the progression just started slowly going up.. So I would say a year two and year three is when I finally figured it out to start making consistent profit. The next few questions, we're gon na talk about trading strategies and how to find stocks to trade.. At what time do you enter most of your trades for day trading, So my preference is to trade from the open, so that'll be 9:30, AM Eastern time to about 12 o'clock Eastern..

I think this is a habit from my part-time trading career. When I used to trade in the morning here on the West Coast and then go to work., So that's my preference. And I find that's when there's the most volatility most volume and that's where the big moves are made., So I always prefer to trade. The first couple of hours of the open.

- And that brings us to a next question - perfect, follow up. Is it worth to day trade in lunch hours, usually when there's low volume with low potential gain, And for me the answer? Is it's not worth it. When I first went from part-time to full-time trading, I would make money in the morning and then lose everything or half of it during lunchtime. So that's how I know that I just shouldn't trade during lunchtime..

How do you screen for stocks and how do you decide what stocks to trade So for me, I use a very simple scanner on trade ideas, Gap Scan and I find the stocks that's gaping up on the day. And how do I decide which one of those Gapers to trade as by the volume., So I would look at the pre-market volume and the catalyst of why it's gaping up. Is it earnings? Is it phase one or phase two data, or is it unrelated news? I kind of describe trading as building a puzzle.. All of those little pieces of the puzzle are the criteria for you to enter the trade and for you to watch the stocks..

So this'll be a good lesson for you. If you are a brand new trader., There should always be layers of factors for you to want to enter the stock or even watch the stock in the first place.. So keep that in mind.. The next one is not really a question, but this person said I'm glad I found your YouTube channel.

And aw. Thank you. I appreciate it. What started out as a little creative side.

Project has grown to be so big. And I'm so thankful to have you guys have such a positive and supportive audience supporting this channel, whether you're here for the jokes, the free beginner content or the more advanced material. We have there's something here for everyone. The next few questions we're gon na be talking about dealing with losses from trading and reds days., The first question: how to deal with consecutive red days..

So this is a very emotionally draining job when you are read for multiple days. And I know because I've been through that myself. And for me personally. The best way to deal with this is to size down or even go back to paper trading.

If the losses were slowly building back up., How do you manage your emotions in a losing trade? A lot of in trading? The reason we get emotional about a losing position is often because we didn't have a plan going into that position.. We didn't have a stop. We didn't realize we have to risk a dollar per share rather than just 10 cents per share.. So a lot of times, that's often a result from not having a proper plan before you enter the position., A lot of people that just press buy and they get in the stock and they don't know what else to do when it start reversing in their direction..

So if it's a $ 1 risk and your max loss is $ 100, then it doesn't make sense to enter the stock with 500 or 1000 shares.. The next few questions we're gon na focus on learning to day. Trade. First question: is it bad to use signals or chatroom alerts., And my answer is absolutely., I'm answering from my own personal experience., The chat, room alerts, yeah sure you'll make $ 100 here today, but tomorrow you might lose 200..

It will be a zigzag. Very rollercoaster. P and L's mostly to the downside., Because what alerts and signals teach you is they teach you nothing.? Where can I learn to improve my trading And what is the best trading academy? You would recommend. I always recommend brand new traders to start out with a free resources.

First, especially this YouTube channel.. I have a playlist down below called `` Day Trading for Beginners.''. I think that's where everyone should start to figure out whether this is the path you wan na go. Into.

And once you've decided from the free materials, that trading is something you wan na dive further into and learn even more feel free to check out the Humbled Trader Academy.. This is a structured they trading education program. I spent over one year putting together.. This includes all the step-by-step process I have for beginners from trade planning, risk management and, of course, trading strategies..

The next few questions is all gon na be about. When is it time to give up and quit day trading.? What can you advise a new trader? That is about to give up. Have you gotten angry and wanted to quit day trading sometime in your life? Have you ever cried and wanted to give up after making a bit gloss? So actually, I did quit day trading twice in my first year of day trading.. It was difficult, I lost a lot of money and I blew up multiple accounts.

And each time I blew up, I wanted to quit. And both times after I quit, I still find that I'm still very drawn to the market.. I still wan na see what stocks everyone talking about, what stocks are going from $ 1 to a hundred dollars.? It's only if you're truly passionate about this career, then you will still always wan na come back and try to redo something and fix what didn't work. Last time., So I would say if you are in it just for the money most people after the initial $ 1,000 loss will never come back to the market..

But it's those who truly want to kind of dive deeper into this and solve this puzzle and figure out their own emotional demons that these are gon na, be the people who stick around and come back each and every single time after a blow up in their Account and try to fix their little strategy, their risk management and try to come back and figure out a way to make this business work.. So it all comes down to passion.. If you want to quit, you should take a break and see if you want to come back., If you don't even think about trading or the stock markets anymore after you quit, then it's probably for the best.. The next topic we're gon na address, is existencial questions about day trading and life.

Purpose.. Do you have any regrets, learning to day trade? No, absolutely not.. I think day trading is actually one of the best things. That's ever happened in my life., So no regrets whatsoever.

I think day trading has changed me as a person fundamentally for the better.. Once you start day trading, you learn so much about yourself.. You learn about the ugliest side of yourself, the greed, the anger and the lack of control in yourself., And that kind of forces you to dive deeper into your own personality and really it makes you become very introspective about the way you think the way you manage Your emotions and all the deep rooted questions from your childhood of why you are the way you are today.. Do you worry about burnout as a trader, So I kind of talked about my career burnout from my former VFX job in my last video..

So I did burn out really hard in that job.. I was in a really dark place. I was unhappy. So when I made the conscious decision to quit that job and go trading full time..

I want to make sure that if I ever feel tired from trading, I want to always take a break. And I really implemented that. For most of the days. I take a break during lunchtime.

And a lot of times, even if I'm coming back during the power hour, I don't even trade. I just sit there and observe the market.. The reason we get into trading is to have control of our earning potential and have control of our time.. Besides trading, do you invest or swing trade anything? So? Yes, I definitely still invest.

And I actually want to make a dedicated video about my investment portfolio.. But the quick answer is: I invest in real estate and the stock market, the broth markets ETFs and have some individual stocks and some cryptos. Now it's time for the fun stuff, the non trading related, questions., Pho or ramen. Oh man.

This is a very difficult question. Don't don't make me, I would say, ramen while I'm sober and pho, while I'm drunk.. What is the reason you wake up early doing the things you do So for those who don't know I wake up at 4:00 AM 4:00 to 4:30. Am every single day.

My local time here in Vancouver. And the reason I do it is because the stock market is changing every single day., There's always different things and I'm always excited to see what's happening around the world. What's the news and what kind of stocks are gaping up.? So basically you just have to love this business. You have to love the game.

And if you truly love this game, you're gon na stick around whether it's a losing day or a green day. And again marrying my answers from the earlier question. The only way to truly succeed in trading is to love this business. That's how people can recover from losses., Otherwise you lose 1000.

2000. Then you'll be gone. If you don't love it.. What is your childhood dream When I was little I used to want to become a movie director and that's the reason I went to VFX, but we both know that didn't really work out., But I would say this is also why I started this YouTube channel as Well, so I can be my own director producer and writer of bad jokes..

What DJs did you see and follow back in the day? Oh man, So I went through a phase of going to a lot of music festivals.. So I really like Armin van Buuren. I like Gaia, I like Solarstone Above & Beyond Skrillex., There's still many Jack. U when they used to be around., So a lot of really good DJs.

And I have to say I miss that.. It's been a while, since I've been to a music festival.. When will you come back to Taiwan, So I usually go back every two years to visit family there.. The last time I went back was in 2020., So the next time.

I think it will be in 2022 next year.. So let me know if you want me to do a meetup in Taiwan. Next year. Top movies.

You like From the top of my mind, I can think of three and that will be ``, The Big Short ,'' `` Django, Unchained ,'' and `` Shawshank Redemption.''. So the last question is surprisingly the most commonly asked question on my YouTube channel and in my Instagram and that is, are you single And let me answer this right now.. So the official answer is yes, I am single, but I also know somebody who would get really pissed. If he hears me say that..

I hope you guys enjoy this Q & A there will a lot of questions that I just didn't have time to answer.. So if you have any questions for me feel free to leave them in the comment section below. And if you decide to follow me on Instagram, my only Instagram account is humbledtrader spelled exactly like this. All the other Instagram accounts.

With my face on it are fake.. They're gon na ask you to send them Bitcoin and invest or trade for you, so please do not fall for that.. If you liked the video please drop a like and subscribe.. Thank you guys.

So much for watching and I'll see you guys next time.. Thank you guys so much for watching.. If you want to learn more day trading content, make sure to subscribe and check out my website at humbledtrader.com.