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Traders, are you on the fence about getting into day trading? Let me tell you, there's no better time to start than right now! Despite the current state of the stock market, there are still plenty of opportunities to make profitable trades.
As a fellow trader with over 8 years of experience, I can assure you that the market's volatility this year presents a lot of potential for profit. So, let's not be discouraged by the gloomy headlines or the fear of a looming recession. Instead, let's focus on the opportunities that are out there and how we can take advantage of them.
In this video, I'll share with you six reasons and step-by-step strategies on why now is a great time to start day trading and how to do it successfully. Don't miss out on this chance to improve your trading skills and make some serious profits!
Join me and let's navigate the market together. Whether you're a seasoned trader or just starting out, let me be your trading best friend and show you the ropes. Together, we'll make the most of day trading in 2023!
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If not this year, then they would never be a perfect time for you to start trading. 2022 was an awful year for the stock market, with the S P 500 down 19.5 percent and the NASDAQ even 33. Many expect this year to be just as terrible as well. However, this simply isn't true.

At least not for the Traders I Promise you, there are plenty of good reasons to be excited about all the volatility in the markets as you are seeing right now this year. So if you've been thinking about starting and learning to trade, the best time to do so is right now and it's my job as your trading buddy to teach you why and show you how. Welcome back to another humble Trainer video if you are new to my channel, welcome My name is Shea The Humble Trader I've been day trading for over eight years now and in a trading World Some people will call me a grandma which is extremely rude because 50 isn't even that old. All jokes aside, I'm here to teach you a no BS approach to trading with actionable tips and strategies in each video.

so if that sounds good to you, then please remember to smash the like button and hit subscribe Each like goes towards my pension fund I Know the headlines are really gloomy in the Market at the moment earnings and Contracting recession fear looms over us and it feels impossible to get excited about putting money in the market right now. but that shouldn't stop you from learning how to day trade when the market is in a downturn. all you need is a shift in strategy and the right resources. Don't be fooled, there are some great opportunities in this market.

You just have to know where to look at it as a Trader So in this video I'll be showing you five reasons and strategies on why it's a great time to start profiting from the market this year and exactly how to do so step by step. The first reason why you should start trading this year is that it's never been easier. You can access so much free education online in the software and Market tools are more sophisticated than they've ever been and it's only getting better with the advancement of Technology Us Traders have access to a wealth of information and tools to help us make informed decisions and research. This includes real-time Market Data Advanced trading software and Algo trading and some of these amazing tools are free for you to use.

Make sure to check out Tradingview for online charting we both for pre-market screener and find this for your research. Some of my personal favorites are scanning software that pick up the hottest stocks that are gapping up as well as news research platforms that allow you to read the news instantly faster than Jim Cramer There are also many education resources available for you to learn about trading whether it's paid or free such as online courses, books, webinars, and so much more. Free resources are great for new traders to get started and just explore If trading is the path that you actually want to go into, that's the reason I have a long video played this year for beginner Traders Teaching you how I would personally restart all over again with picking platforms, risk management, and my trading strategies I Really wish I had these resources in such detail when I first started eight years ago. so make sure you really utilize my videos and learn from them.
Next, We're going to talk about broker accessibility. There's so many online trading platforms for Brokers now and it's so easy for you to get access to these tools to start trading and accessing Market data without the need to have pre-existing knowledge or a lot of experience or a lot of capital to start with. Okay, what I'm about to say is going to date me so much. but when I first started learning about the market more than eight years ago, most Brokers require two thousand to five thousand dollars initial funding in order to get a margin account or even just to open paper trading account.

Nowadays you can open an account for as little as one hundred dollars or less. by the way. I'm not suggesting you to open an account and start live trading with only a hundred dollars by, but sometimes you do need to put some money in the account in order to activate paper trading and see live market data to start practicing with. Besides a lower barrier to entry in terms of account minimums, nowadays, the commission fees are extremely discounted.

You can trade on interactive brokers for only a dollar per trade or trade on Advanced broker platforms like Center Point Securities and actually get rebates on certain routes. Basically, you are getting paid to trade. Of course, there's always a zero dollar commission trading that we talked about as well. While I'm not a big proponent on using these free commission apps or platforms to actually day trade live I think using them for swing trading or investing? That's totally fine.

One of these zero dollar commission trading broker is Weeble And this is a broker that I personally use myself on my phone on the go Back to trading. Now as a disclaimer: before you get ahead of yourself and start spending your hard-earned money I Want to encourage you to start with PayPal Trading first I Do Not recommend newbies to start with Real Money. Always start with paper trading first and list a bunch of great paper trading brokers in my other video as well. My second reason why you should start trading this year is the same reason why some people might tell you don't trade and that is Market volatility.

They are markets are characterized by increased volatility and while some people say that's a really bad thing, well, it's because they're not Traders Investors often want a calm, steady Trend up slow Market However, as Traders we Thrive from volatility day in and day out. whether the stocks are flying to the moon or crashing to the ground, extreme volatility presents really good opportunities for Traders like you and I to profits from us Traders We make money from Big ranges per share, not in a long term percentage gain. Again, let me show you an example right here with a stock Nvidia which is a very volatile stock. so investors May hate it when the stock opens uh with a gap up and it's still off to go green to red and then go to new lows to 266.
So that's really really volatile range. You can see slowly and steadily it faded lower, bounce a little bit right here and then fade it even lower into the close at 263. This is a lot of intraday volatility and investors hate it. but for Traders like you and I this presents a great opportunity to profit them.

You can short off the open on this overnight Gap Up into the Friday's close range, we're talking about three dollars per share and then if you showed it all the way back down, you can look at the daily support around this 266s area right here. Daily support and look for a bounce move. This is a balance that's like balance. like two dollars, three dollars from 267 all the way to 269..

So that's amazing range to short and long to profit from which I Personally took today and now only 100 shares that will be 500 on the day potentially. And a thousand shares that's around five thousand dollars if you're a baller and vice versa. A stock prices fluctuates more widely throughout the day. There's going to be opportunities for Traders to profit from long or short throughout the day as long as this range like Nvidia and volume.

now. Traders If there's a stalker you think has a lot of potential, a lot of range and volume like we just looked at, please share it in the comment section below. I Know everyone could benefit from this knowledge. Okay, now that you know how to trade volatile stocks and take advantage of the range, this brings me to the third reason why This year is a great time for you to start trading.

This is the best time for you to start making money from short selling stocks. A quick 101 from a beginner's year. Short Selling involves borrowing shares from a broker at a higher price and selling them with a hope of buying it back at a lower price and profiting from the difference in a bear. Market There's a lot more opportunities for short selling, as many stocks experience a long-term downtrending price movements.

Now let's go over. Short Selling strategy that work really well for you in a bear. Market But before we do so, if you're enjoying the video so far, please remember to drop a like at the bottom of the video and subscribe if you want to learn more strategies like this in the future. I'll be making a lot more videos for you later on.

So the ticket we're looking at in particular is one of my favorites to trade and alongside them mostly on the short side and that is Coinbase. and I Picked this stock because of a couple of criteria that you should follow. First of all, the stock always trades very very consistent volume on a daily basis. We're talking about an average of at least 12 20 million shares per day and the second criteria is is that it has a lot of range.
Like you know, on any given day, coinbase is going to move at least two three four dollars. and on a big breakout day like this, I mean this thing went from like 68 dollars all the way to 84 dollars. we're talking about 20 point move. Okay, on one single stock that's only 70 dollars.

So that's a reason you should be picking stocks like these. They'll give you a good range to profit from. So the reason Coinbase is on the radar for short is because it has a lot of resistance in the 70 range either from here seventy dollars and then also on a daily chart you can see what was shorting this day um, which is April 12th right and the day before the high is around 72 dollars right? So you have really defined risk on the short side. Um, so you know on this day, but in particular we have CPI data announcement and the stocks everything rallied.

But what I looked at is coinbase winter test yesterday's higher day right here pre-market and started selling off. So that's the reason I'm more a little more short biased on this I didn't capture the whole move. but when I see a daily rejection of the key level which is on the daily chart 72 dollars here, that has me interested right? So if I'm able to get insured around 72s and risking above that, maybe a dollar on the upside and then the downside could potentially be really really rewarding. So if that's an entry that's a risk, you're risking a dollar per share.

Downside: you have downside to priority is closed so that's two dollars your downside to seventy dollars and next range later is the lower the day from the day before 76. Uh, sorry 67. So we're talking about three more points to a downside. So that's one dollar risk to potentially make five dollars per share.

So those are all the criteria for this strategy on the short side that we just talked about. Now let's move on to the actual executions now. So as you can see, I definitely did getting a little bit early on the pre-market trading. So yes, I definitely take some trades pre-mica but or be very very small sizes like we're talking about a couple hundred shares.

um on this so you know I definitely got in a lot later after they opened here at 71 dollars. so at this point, no, 72 is right here. 72 dollars. That's gonna be the risk on the day if I got insured 71, that's the risk.

So we're talking about risking one dollar per share. So I got in here I accidentally covered a little bit because I got hit a little bit too big I was thinking okay, you're gonna retest a couple more times so that's 7140s then I've started slowly add into it. um so that's the idea, but no, the stock just dropped to priorities close. that's what I added 70 dollars and then we got a big size on this name and I even added a little bit here on the weakness which I was a little worried about 69 80s So you know at the end of the day I only have 500 shares on this position with all the ads down here here here, especially after I covered some here and here down here at 69 30 dollars and you can see I missed so much to a downside after I covered at this uh, 69 range, the stock Consolidated you know broke down to 68, bounced back to 69 and went to 66 dollars.
So I mean even looking at this right now kind of hurts because I left a lot of money on table, but you know this is will be a good strategy and a good stock to trade as long as this once again volume range on the stock and also like the daily Charter lines technically with your short setup and another criteria that I forgot to mention is a bonus criteria is that when you're trading these like tech stocks that are really sensitive to the overall Market condition like Tesla Nvidia you know Coinbase definitely one of them. you want to be watching the S P 500 or the QQQ both of these and may basically the indices right? So um, at the time I'm more convinced on the short side because the market was extremely heavy if you look at the chart on Spy very similar to Coinbase at the open. the Gap up just got sold into. but once again, I must remind you there's no strategy that's going to be 100 working and successful all the time.

Short Selling isn't for everyone and it really requires that you keep a really strict risk management profile again. I've done many videos on risk management in the past before and I'll leave that in the link down below for you to check out after this video. The fourth reason why you should start trading this year is that there are so many opportunities to buy the dip. Okay, okay I know some of you must be thinking right now oh my God Humble Trader You just said this year is a good time to shoot sell stocks.

Now you're telling me we should buy the dip. Make up your mind. believe it or not, it's actually good opportunity. It's a profit.

Long was short in all market conditions. but what changes is the timing and in the Bear Market Your time into long stocks in a reversal needs to be very precise. By the dip means you're buying stocks with other Securities when the prices have dropped with the expectation that they will eventually rise again later on for you to make a profit. Bear Marketing offers some of the Best Buy the dev opportunities that you'll ever see in your trading career.

And that's because the phenomenon that causes panic and all the emotions are typically short-lived at this intraday and the market often really quickly recovers for short-term Traders So despite what a lot of people may say in Bear markets, rallies still happen and they're actually stronger so you want to make sure you write them to the upside. The key is to watch your timing and when loneliness reversals you have to be very precise and following trend lines. So back to the stock and Video in which we talked about earlier and you see a demo that I did long the bounce on Nvidia and what I did is I longed around the 266s 267s area and why is that? Well this is where the daily support area. is I Know at the end of the day the stock end up selling a lot.
A lot lower. You can see it went all the way to 264. But again, when you loan these bounces, you're not holding for the moon. You're holding for two three dollars bounce and 100 shares.

That's 300 and a thousand shares. That's three thousand dollars and vice versa. So here are some of the key criteria: Remember you must be entering a daily support area right here on Nvidia Around 267 266 you know Big Range Stock That's the first criteria. Number two, it needs to be gapping down and selling off a really high volume in which Nvidia or Tesla or coinbase like you saw earlier, they all trade really really high volume.

and number three, you should be waiting for the golden reversal time. Now what does that mean? We talked about this many times before on this channel. This is the importance of watching and timing or entries alongside when you're waiting for a reversal. A bounce, right? So you want to see a stock sell off all the way straight down from the highs which is 250 74 that you saw earlier all the way down to 267.

I mean we're talking about almost a 20 point downside. Move right? and then you want to wait till around 10 o'clock 10 30 that range. Sometimes it could be 10 30 to 11 range and time it for the bounce. So usually the bounce have happened around this range.

I Did get in earlier this morning at 10 o'clock and I bounced it from 267 all the way to 268 to 69 as you saw. But another bounce the bigger bounds happen right here at 11 o'clock So this is the range we're talking about. It's not gonna be like exactly to the to the minute, but it's that range that time of the day for the golden reversal time. So this is what we call timing your entries.

You can see if you draw like an intraday downtrend the stock around that time. not only did it reclaim over V-wap that's this blue indicator right here, this Kerdi indicator and this downtrend. That's when it broke through over well. 11 30 actually 11 30.

So you have a downtrend break, you know, watch the trend lines. you have a downtrend break and also a reversal over to V-wap area. and the volume was steady holding steady as well. If you look at the volume at the bottom that's why and you have like a decent reversal volume and that's you know the buying volume is finally exceeding the selling volume.

so that's how you time your entries. I Didn't catch this one but this one once over 267s again it bounced all the way to like 270s until end of the day it's sold off. but once again you're just looking for that bounce. Two three dollars bounce and this is the exact trade I Took.
You can see I Didn't take the reversal at 11 o'clock 11 40. but I took the reversal at 10 o'clock Bounced it from 266 to 267 to 68 and 268.50s So Traders Please remember While Most investors can only profit from a bull market. As traders who trade range and volatility like we keep on talking about in this video, we can profit on the long side and the short side regardless of any market conditions. So we talked about the short selling strategy as well as the buy the dip strategy.

If you'd like to also buy the dip, then make sure to comment below: Hummus dips because that's my favorite kind of dips to buy and also like artichoke dips. Okay, let's not forget that hummus and artichoke dips Amazing! Okay, moving on to the fifth reason why this is the year for you to start trading. If you made it this far, this could only mean one of these two things. First, you already know that this is a year you should be trading and you're just sticking around for my bad jokes.

In that case, I'm flattered. Number two, you're still not convinced and you need another reason to take action. If you fall into the first, Camp then good for you. Please make sure to keep me updated on your progress on my social media.

I'm not able to reach all of you, but I'll do my best to respond. All my socials are linked down below. if you are part of the second. Camp You're still not convinced you should start trading this year because you're like, well: Shay it's a bear market and wearing a recession.

everything is so uncertain I Could lose everything. Let me tell you I hear you I Felt the same fear over eight years ago. But let me ask you this one question. If not now, then when.

If you don't start now, when are you actually going to take action? There's that old age saying of course only I as a 50 year old would understand today, your wish Started yesterday. 20, 20 and 21 were a huge wake-up call for many people who lost their job and were unable to work remotely in their career. Many realized the importance of having a side hustle or to start developing another source of income. I Felt extremely lucky that I had my skills in trading that I've been practicing since 8 years ago.

If I was still at my nine to seven job in film and VFX industry things would have gotten pretty bad. Maybe the extra skills will cite hustle you need isn't trading and that's totally fine. But just learn from these two terrible years and know that you should develop a backup plan. Having your nine to five or nine to seven job as your only source of income isn't reliable.

And let me be honest with you, there will never be a perfect time for you to start trading. The risk of losing money is never going to go away. That's part of the job, but you can determine how much you lose when you are are starting out. That's why on this channel.
I Always preach to start small and start with paper trading and get familiarized with all the strategies and technical analysis without the risk of losing too much money. You should not be risking your entire five thousand dollars account as a beginner. Anyways, risk only five dollars or ten dollars per trade. Take that as Market tuition.

And remember, you have plenty of free resources or videos like the ones provided on this channel. The barrier to entry is so low nowadays, you can simply click a few links in the video description below and open a free simulated account with live market data for free. Remember, learning to trade means living a few months with years of your life that most people want so you could spend the rest of your life that most people can't If you need more guidance, I have plenty of videos teaching you how to get started with the right strategies or you can check out our very structured educational program with pre-market trade planning, mentorship, and so much more in the humble. Trader Community Thank you so much for tuning in! I'm the Humble Trader and I'll see you guys next time.


By Stock Chat

where the coffee is hot and so is the chat

29 thoughts on “Why 2023 is the best year to start day trading”
  1. Avataaar/Circle Created with python_avatars UNvME says:

    Tesla up 5.50 today

  2. Avataaar/Circle Created with python_avatars BaD BoY says:

    โค๏ธ

  3. Avataaar/Circle Created with python_avatars G.Burney says:

    Shay? Young lady we love the jokes ๐Ÿ˜… maybe Netflix is listening?. Your the best in the west!!the east to๐Ÿ˜Š

  4. Avataaar/Circle Created with python_avatars Sheldor says:

    Only awful if you dont know how to short a stock or trade puts

  5. Avataaar/Circle Created with python_avatars NoName says:

    Today NVDA is ๐Ÿš€๐Ÿš€๐Ÿš€๐Ÿš€๐Ÿš€๐Ÿš€๐Ÿš€๐ŸŽ‰

  6. Avataaar/Circle Created with python_avatars Jake Productions says:

    Where did you learn day trading

  7. Avataaar/Circle Created with python_avatars TomFoolery says:

    French onion ๐Ÿ‘

  8. Avataaar/Circle Created with python_avatars Abel Thomas says:

    Thank you so much for this video!

  9. Avataaar/Circle Created with python_avatars DBlaze777 says:

    As a newbie who is looking to learn how to day trade you are fantastic. I already have long term dividend stocks but I want to make more money as soon as possible so thank you.

  10. Avataaar/Circle Created with python_avatars NoName says:

    i can tarde NVDA constantly and be around 80 to 90% accurate and make money. But this is the only ticker that i can do that with๐Ÿ˜ข. Hey think i'll just stick to NVDA
    Think this ticker is plagued with high frequency training in it that is why I can do that.

  11. Avataaar/Circle Created with python_avatars Luc Jean says:

    Nice shorts Shay!! lol

  12. Avataaar/Circle Created with python_avatars Rudi Elvaston says:

    Great Video – I'm just starting thanks

  13. Avataaar/Circle Created with python_avatars Luc Jean says:

    ๐Ÿ‘Œ๐Ÿ‘Œ

  14. Avataaar/Circle Created with python_avatars ๐Ÿ’ฐ Instant $740 Daily With Olivia says:

    "The meaning of life is to find your gift. The purpose of life is to give it away." —

  15. Avataaar/Circle Created with python_avatars Jason says:

    I live in France, they make it difficult to do anything ๐Ÿ˜‚ when i was in england it was easy to open a trading account

  16. Avataaar/Circle Created with python_avatars bullshark says:

    This is the worst timeโ€ฆ.. there is no clear direction.

  17. Avataaar/Circle Created with python_avatars Alford Lau says:

    Thank you Shay.

  18. Avataaar/Circle Created with python_avatars Lee says:

    I know you have several time frames your watching when looking for a trade, but which time do you execute your trade?

  19. Avataaar/Circle Created with python_avatars John Nguyen says:

    congrats on 1 million subscriber! you deserve it. I love your videos

  20. Avataaar/Circle Created with python_avatars XY Boon says:

    Started trading this year and have been making huge losses lol ๐Ÿคฃ

  21. Avataaar/Circle Created with python_avatars zhuge liang says:

    I sub for bad jokesโ€ฆ. By the way my phone screen is broken cos I smashed like button so hard every time I watch ur vid ๐Ÿ˜‚

  22. Avataaar/Circle Created with python_avatars Abraham Albert says:

    Can you help?

  23. Avataaar/Circle Created with python_avatars Jason Reviews TECH says:

    ๆˆ‘่ผไธๆ‡‚ไฝ ่ชชไป€้บฝ. I gave up watching this.

  24. Avataaar/Circle Created with python_avatars ๐Ÿ’ฐ Instant $740 Daily With Olivia says:

    "The whole secret of a successful life is to find out what is one's destiny to do, and then do it." —Henry Ford

  25. Avataaar/Circle Created with python_avatars James Ross says:

    does this work the same way with futures ?

  26. Avataaar/Circle Created with python_avatars MarkChristopher says:

    "Hummus Dip" . Really enjoy your videos, very motivating. ๐Ÿ“ˆ

  27. Avataaar/Circle Created with python_avatars Jeannie D says:

    You have very informative videos and your skin is beautiful ๐Ÿ™๐Ÿงžโ€โ™€๏ธ๐Ÿ™

  28. Avataaar/Circle Created with python_avatars Hernando Bedoya says:

    Hummus Dip ๐Ÿซถ

  29. Avataaar/Circle Created with python_avatars Humbled Trader says:

    Hey traders! ๐Ÿ‘‹Let's keep the conversation going! Drop a comment below and let me know your thoughts on day trading in 2023. Are you feeling optimistic or hesitant? What strategies have worked for you? I can't wait to hear from you!

    Thanks for watching and happy trading! ๐Ÿ“ˆ๐Ÿš€

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