Get my FREE Trading Journal + Weekly Stock Picks🎁: https://www.humbledtrader.com/free
💸Learn to Day Trade: https://www.humbledtrader.com/academy
🔽Time stamps:
1:04 Open a paper trading account
5:02 Start learning to trade with free resources online
8:21 Tracking your Day Trading setups
11:25 Join a trading community to advance learning
🔽4 STEPS Below: How to learn day trading as a complete beginner
1. Open a paper trading broker account. Best brokers for paper trading:
TD Thinkorswim Tutorial: https://youtu.be/Hjn40uLaewQ
Interactive Brokers Tutorial: https://youtu.be/UWTWz2GZq30
Webull Free Trading App Tutorial: https://youtu.be/F1Shbgwh7mo
Get 2 Free Stocks on Webull when you deposit $100 (Valued up to $1400)
Webull FREE stock promo: http://bit.ly/2Lhtd9X
2. Learn Day Trading with online free resources:
Best day trading strategies for beginners
http://bit.ly/2YRC19F
How to trade penny stocks for beginners
http://bit.ly/2NZSqb3
Day Trading Indicator Set Up for Beginners
https://youtu.be/10RmE6gMdjs
3. Tracking your trades in a trading journal:
Get my FREE Trading Journal + Weekly Stock Picks
https://www.humbledtrader.com/free
4. Consider joining a day trading community if you decide to take it seriously:
Trade with me: https://www.humbledtrader.com/our-community
🖥️My Stock Scanners & News feed:
Benzinga Pro FREE 14 day trial (use code "HUMBLEDTRADER" to get 25% Off )
http://bit.ly/2KXeAqH
Trade Ideas Scanner (use code "HUMBLED15" to get 15% Off)
https://bit.ly/3rLAfp2
My Trading Broker Platforms:
Cobra Trading (Best broker for shorting stocks, $30K min)
Get 25% off commissions, mention "Humbled Trader" at the time of account opening
https://bit.ly/3iNLqJq
🇨🇦Questrade Canada (get $50 FREE commission trades)
http://bit.ly/2GoeUMY
Webull Free Trading app (Get free stocks with $100 deposit)
http://bit.ly/2Lhtd9X
Get My Trading Station Set Up & Favorite Trading Books
https://www.amazon.com/shop/humbledtrader
✅My REAL Social Accounts:
IG: https://www.instagram.com/humbledtrader/
FB: https://www.facebook.com/HumbledTrader
Twitter: https://twitter.com/HumbledTrader18
#daytrading #pennystocks #stocks
DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: I only recommend products and services I truly believe in and use myself. Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Commissions earned will be used towards growing this channel.
Humbled Trader FAM count: 144,000
💸Learn to Day Trade: https://www.humbledtrader.com/academy
🔽Time stamps:
1:04 Open a paper trading account
5:02 Start learning to trade with free resources online
8:21 Tracking your Day Trading setups
11:25 Join a trading community to advance learning
🔽4 STEPS Below: How to learn day trading as a complete beginner
1. Open a paper trading broker account. Best brokers for paper trading:
TD Thinkorswim Tutorial: https://youtu.be/Hjn40uLaewQ
Interactive Brokers Tutorial: https://youtu.be/UWTWz2GZq30
Webull Free Trading App Tutorial: https://youtu.be/F1Shbgwh7mo
Get 2 Free Stocks on Webull when you deposit $100 (Valued up to $1400)
Webull FREE stock promo: http://bit.ly/2Lhtd9X
2. Learn Day Trading with online free resources:
Best day trading strategies for beginners
http://bit.ly/2YRC19F
How to trade penny stocks for beginners
http://bit.ly/2NZSqb3
Day Trading Indicator Set Up for Beginners
https://youtu.be/10RmE6gMdjs
3. Tracking your trades in a trading journal:
Get my FREE Trading Journal + Weekly Stock Picks
https://www.humbledtrader.com/free
4. Consider joining a day trading community if you decide to take it seriously:
Trade with me: https://www.humbledtrader.com/our-community
🖥️My Stock Scanners & News feed:
Benzinga Pro FREE 14 day trial (use code "HUMBLEDTRADER" to get 25% Off )
http://bit.ly/2KXeAqH
Trade Ideas Scanner (use code "HUMBLED15" to get 15% Off)
https://bit.ly/3rLAfp2
My Trading Broker Platforms:
Cobra Trading (Best broker for shorting stocks, $30K min)
Get 25% off commissions, mention "Humbled Trader" at the time of account opening
https://bit.ly/3iNLqJq
🇨🇦Questrade Canada (get $50 FREE commission trades)
http://bit.ly/2GoeUMY
Webull Free Trading app (Get free stocks with $100 deposit)
http://bit.ly/2Lhtd9X
Get My Trading Station Set Up & Favorite Trading Books
https://www.amazon.com/shop/humbledtrader
✅My REAL Social Accounts:
IG: https://www.instagram.com/humbledtrader/
FB: https://www.facebook.com/HumbledTrader
Twitter: https://twitter.com/HumbledTrader18
#daytrading #pennystocks #stocks
DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: I only recommend products and services I truly believe in and use myself. Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Commissions earned will be used towards growing this channel.
Humbled Trader FAM count: 144,000
Are you stuck at home bored of all the Netflix shows, and you cannot work out because you don't have weights at home? Well, this is the perfect time to learn to date rate here are the 4 steps to start day trading as a complete beginner? In my recent video comments and on Twitter and Instagram DMS, I've received tons of questions from people asking me: how should a brand new trader to the market start learning today, trade? So that's why I'm making this video for day trading beginners to get started and my recommendations of how I would personally start again if I can go back in time 6 years ago. Again, these are my personal opinions, not financial advice. The only sound advice I can give you is to make sure to click the like button in order to get immunity from the viruses. Okay, so that may or may not have being approved by the whu-oh, but we'll just roll with that.
So the first thing to do for any beginner traders to get started is to get a paper trading account. Paper trading means you're practicing with fake simulated money. In your broker account like these fake dollar bills right here, I already know what the pink words mean, but I think it's something like completely legitimate American dollar bills and the reason I recommend, starting out with paper trading first, is obviously, if you're brand new to the Market, you have no idea what candlesticks are technical analysis, reading SEC filings, analyzing news, etc, etc. So why would you risk your hard earned money and dive straight into life trading and put up money and risk when you have no idea what you're doing so take a step back and start with paper trading.
First, here are the brokers. I recommend to open an account for paper. Trading first of all, TD think will swim. This is completely free for American users to get started for the Canadian users.
Yes, you can open a thinkorswim account for both live trading and paper trading, but you need to keep $ 5,000 u.s. in the account in order to maintain live data. Thinkorswim also has this amazing feature called on-demand. That allows you to go back to historical data and practice the price action of almost any particular stock.
So that's an extremely useful feature for any beginner traders, as well as the experience so make sure to take advantage of that. A second broker, I'd recommend for paper trading with is interactive brokers available for the Americans and Canadians with interactive brokers. You do need to purchase additional life data in order to use it for paper trading. I believe the data for NASDAQ and why I see level one and two quotes altogether - should be about twenty to twenty-five dollars per month.
U.S.. So that's not bad. At all third option, I recommend for paper trading is Weeble a zero dollar trading commission app. While I do not recommend using any of these free brokerage accounts for live trading such as Robin Hood or Weibo, I think for beginner traders to get started with paper trading. That's totally fine and the reason I would recommend we both / Robin Hood, is that it has a very extensive user interface on both a mobile as well as on desktop PC and Mac. So you can pay per trade with live data on all those platforms completely for free, a weibo trading app. You have the option of trading pre market after-hours trading options and even shorting stocks, and if you sign up to Weibo, you see my referral link down below you receive two free stocks. The first one could be worth up to $ 250 when you open the account and the second one could be worth anything between $ 12 to $ 1400 after you, deposit $ 100.
So that's free money right there for you to get started with paper trading with live data. I also have a video tutorial and Weibo if you want to check that out. The paper trading with live data is available for both the Canadians and the Americans. At this time, the American users can open the funded account and trade life with weeble, but paper trading with live data is still available for the Canadian users.
So sorry about that, my Canadian friends, now that you have your paper trading, account, set up it's finally time to start learning. This is the part where a lot of people would tell you to buy some $ 5,000 DVD or $ 300 a month text alerts plan we'll talk more about that later on, but here is an unpopular opinion and again this is just my personal opinion, not financial Advice before I buy anything, I would start by utilizing the free resources online to start learning. First, there's literally so much resources out there on YouTube. For me, I've been making these shorts and simplified videos now for over a year.
I talk about day trading strategies, various ways to find stocks to trade, how penny stock pumps work and have weekend videos reviewing all my trades for the week and the whole point of starting out with just paper trading and free resources is to prepare yourself financially and Mentally for the years of hard work that is to come, if you decide to take trading seriously, most people jumping into the market to trade have no idea about all the hard work and time that's required in order to make it in this business, 90 % of The people out there buy into the kool-aid the trading is easy. You just spend $ 300 a month on text alerts and you can make thousands of dollars trading only one hour a day and from anywhere in the world. Let me reassure you from my personal experience of trading for six years now. The reality is far from the lifestyle.
Marketing trading is not easy. Controlling risk. Maintaining discipline and focus is a constant battle on a daily basis, like I mentioned before, in this video, even if you're starting out trading part-time, while working a full-time job, you are essentially starting a part and business that requires full-time effort and if, after watching, some of My youtube videos you're, like holy, you mean I can't just roll out of bed ten minutes before they open. I have to wake up few hours before and I'm gon na age 10 years in 6 months, like Humboldt Raider. No thanks trading isn't. For me, the night of six jobs sounds pretty good right now, Nori's, that's totally cool! I understand by this point. You've only done step 1 paper trading, step 2 using free resources online. So essentially you bought yourself a free backdoor ticket.
This whole experience of trying out day trading for couple months is completely risk-free. Let me make this clear: there's nothing wrong with these premium paid educational, DVDs and courses as long as they're actually valuable, and not just selling people the Lamborghini dream. I just recommend complete trading beginners to start dabbling by using free resources before making these costly investments. Next step number three after you set up a paper trading account and started learning some strategies and setups.
The next step is to smash the like button to make it rain Lamborghinis. Actually I heard toilet paper is more valuable now, so give me a second check out this perfectly individual, wrapped thirty-six rows of double layered. Goodness, that's perfect for your app to sit at home and paper trade. Oh! So, if you have a Lamborghini you wan na trade in with our perfect roll of toilet paper right, there call me step in the mud.
Three is to adjourn all your trades. That means spending five to ten minutes each day after the markets closed to write down your entries, exits and all the setups that you took it's only by tracking your trades and seeing your performance on the spreadsheet that you can actually start to see who you are. As a trader, are you better I going long or short? Are you better at trading large cats or smoke a penny stocks? Do you trade better by using indicators for entries and exits, or are you better at trend-following and only enter after a reversal has formed? These? Are all the important questions that you need to find out for yourself as a trader? Remember, yes, we all see people doing different things daily on social media, whether it's shorting parabolics or buying the dips, but what works for other people are most likely not going to work for you. So that's why tracking your trades and journaling them down is what will allow you to find the focus and once you've found one or two setups, that you're very good at just focus on those setups and block out everything else.
You can receive a free trading journal. So get started when you sign up to my email list down below. You also receive a free, weekly watchlist sent out from me every single weekend, so that steps two and three for you to get started with day trading right there there's a link for you to sign up below. So after spending a couple of weeks to a couple of months, paper, trading, learning from free online resources and tracking your trades by this point, you should have a pretty good idea. Whether this day, trading business is something that you want to take it further and start expanding or for ninety percent of the people out there. This is a point where they realize it's too much work, it's too time-consuming and they want to give up and that's totally fine like we talked about earlier. This is not for everyone - and it's a risk-free experience by this point, but for the rest of the ten percent of traders out there who want to start taking this more seriously, now's a good time to join a premium community of traders to learn from and trade With no I'm not talking about services where they're alert you to buy and sell that defeats the whole purpose of learning to trade for yourself right, I know it may sound kind of contradicting that. I talked about learning from free resources earlier and now men later, I'm talking about joining a premium service in order to learn, but please hear me out.
I have good reasons for that. Utilizing these short and sweet videos on YouTube is a great way for beginner traders to get started and get a taste of the market before investing too much, but without life, guidance and price action analysis during market hours, when you're trading, you can only go so far By yourself, in a community with other like-minded traders is where your start trading beyond just memorizing patterns. Personally, it's only after I've invested my market tuition and found a good group of traders to trade with nice finally start to learn all the little nuances of day trading. In a stock market, these are nuances such as analyzing news headlines, how earnings work in different sectors.
How macroeconomics affects the price movements of the stocks short-term and all the other nitty-gritty details, such as price action and how the money flows, strength, rotates between the small caps and a large caps? These are all the things that would have taken me many many more years to learn by myself. If I were just going about a DIY route with just the free resources on lying, so I'm looking back now. I have absolutely no regrets of all the money and tuition that's spent in the market, because I sped up my learning curve. Yes, I do understand why trading education services get a bad rep.
It's always the endless Lamborghini ads and selling the dream that people think about, because those are the people with millions of dollars of marketing budgets each year. I've gotten tons of emails and messages from other traders who fell for lifestyle, marketing and selling a dream and that's extremely unfortunate. I fell for many of that myself many years ago, but now I've learned from all those experiences and know what not to do. Oh, I can say is if it sounds too good to be true, it probably is the reality.
Trading is not fast and it's definitely not easy, but if you're willing to put in the time and hard work, yes, it can be done slowly and surely. Hopefully, this video helps you out, especially if you're, just learning to day trade and starting out as a complete beginner, hey guys thanks for watching. I hope you enjoy the video and the bad jokes. If you want to see more day, trading content make sure to subscribe and follow me on Twitter and Instagram for more. If you'd like to trade with me daily and get my free weekend, watchlist and trading journal make sure to check out the links below for more resources. Stay, green, stay, positive and I'll. See you guys next time.
this is a excellent and informative video Humbled Trader. i am a newbie at day trading. i will def. use paper trading. i have been a stock investor buying for short term investing and a holding a stock more then a yr. i basically a swing trader vs a day trader.
I just fell in love your personality is life ! 😊🥰 you made it fun to watch and interesting to learn
Great work deserve good recommendations,I can’t stop thanking Lisa trade on YouTube for helping me and Educating me on how to trade and gain more profit with her wonderful trading platform Now I'm rich and happy because i can remember I. Only started with
$2000 now I'm making $8500 weekly
Thanks to Lisa trade.
l appreciate the knowledge in this video. As an individual that has just started his financial security journey, these types of videos are delightful to me.
This is great. Clear, educational and still entertaining with the Corny jokes. Liked & subscribed!
You got the good TP! Individually wrapped "heavy" trading commodities, nice👌 👌
Nobody can become financially successful over night. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals.
hello, i have just seen your video and it was understandable but not suitable for my country. please if u may l would like to be your student if u don't mind. i will be great full if you do consider my request.
As a complete beginner, a lot of this means absolutely nothing to me. Not very informative to ACTUAL beginners
Asians are the most competent and trustful source, they are the real deal, no matter what you're saying – I'm in
LOOK ABOVE ☝☝some of the opportunities you overlooked made so many people millionaires, At first i couldn't believe it until i gave them a try,now am profiting and recovering my earn from fake companies.This is your perfect opportunity to start earning massively.Get good referrals commissions without investing for help.
Let do this here we go again..thanks for a simplified introduction
This is so good and Funny at the same time Lol…Thank you! 🙏
I’m not good doing it alone but getting into the market has been my best decision so far in my road to financial independence as it turned out lucrative for me.
Hello i really like your videos ,Is your wkly report available in Panama ,Central America?
I HAVE BEEN MAKING LOSSES TRADING MYSELF…I THOUGHT TRADING ON DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET… CAN ANYONE HELP ME OUT OR AT LEAST ADVICE ME ON WHAT TO DO?
Nice video!! Very engaging from beginning to the end.
Investing and trading now should be in every wise individuals list,in some months time you'll be ecstatic with the decision you made today.
how can start stock market if i am not live in Canada and america ?
a will try to trading and learning about it and a will see if a can go on or not thank u for sharing this with us
I not understand much what you say in English, but I want to strat to be trading,
Your so so honest and I respect that cause your not just talking to get likes or subscription it's all information needed I would like to learn more from your videos thank you for your time
damn yo, where were you 5 years ago when i tried trading for my first time. i mean, i didnt lose, but i didnt really gain all that much, but i did gain. its just, emotions got to me when females start messing with my mind. i need a humbled trader to slap me whenever emotions start to rise.
The wisest thing that should be on everyone mind currently should be to invest in different stream of income that doesn't depend on the govt especially with the current economic crisis around the world.
I know it is a personal question but I am curious, how much capitol did you start with when you started 7 years ago?
thank you, its great to hear somebody say this is hard, I'm here to learn and I will be a good trader.