Практика Shadowing: How I Became A Profitable Day Trader | My Trading Journey - Изучайте разговорный английский по видео

I know a lot of you have been asking for this, so here's my story of how I got into day trading.

If you don't know who I am, I'm James, and I've been a full-time day trader since 2019, and I was able to find success in less than six months.

Skeptical?

I bet you are, but it's the truth, and I'm going to share with you how I did it.

Now, when I say success, it means I haven't had a losing month since that time.

And before we start, as a disclaimer, this is not financial advice.

I'm not here to sell you anything.

This is just me sharing my story.

Enjoy.

So before I got into day trading, I was in the apparel industry.

Me and my wife started a wholesale business together back in 2010.

And to quickly explain what the business is, just how you would go to your retail store to buy your clothes,

well, some of those retail stores come to our shop to buy the clothes in bulk to resell to you.

So we're the wholesalers, right?

Which means we're responsible for getting the clothes made from the fabric, the design, cutting, sewing, all of that.

and it being a very competitive fast-paced

and extremely stressful industry I'm proud to say

that my wife has been killing it actually the place we're

in right now is what she's grown the company into now

that most of my my attention is focused more on day trading

so shout outs to her I'm very proud of her

so how did I end up day trading

so it all started back in 2017

and at the time we were still at our first location and I was doing the apparel thing full-time

and we were doing okay for ourselves

but I wanted something more more like a secondary income passive income whatever you want to call it

but just the way to grow the money we were making

but the problem was I didn't know how to do

that I was completely illiterate when it came to investing

so I started researching and going down the rabbit hole of financial education

and I spent the next two years spending $40,000 on courses,

seminars, webinars, all kinds of ours trying to learn this shit.

So most of what I came across was real estate investing and I've taken a course on swing trading with options.

I've looked into dropshipping and a few other things that caught my interest, but none of them actually got me anywhere.

And I think some of that had to do with me buying into bullshit

and some of that had to do with me not having the right resources.

and now looking back I think a lot of

that had to do with me just not putting in the work that was required.

I think the problem was I was trying to look for something

that was quick and easy way to make money

and once I found out it was going to take a lot of work

or I just didn't see immediate results then it kind of killed the honeymoon phase for me

so I would look for the next new and exciting thing that could possibly make me money.

So I was always stuck in this stupid cycle of always starting something new but never finishing it.

So now it's 2019 and it's been two years since going through all

that and I came across one last webinar and it was about day trading.

Didn't know a thing about it, never done it before but what this person was selling was completely different from everything I've seen so far.

Now before I continue I want to note that this person does not offer this service anymore.

I know I'm going to get a bunch of questions on it

but he does not do anymore unfortunately just wanted to get

that out of the way

so it was an in-person mentorship program where he was going to teach us everything he knows

and trade live in front of us with his real money for an entire week

and he was very open and honest about everything he was showing his pnl statements

and just seemed like the real deal now at this point i'm still pretty skeptical just

because of everything i've been through but I couldn't find a reason not to give this a shot.

So I decided to let the decision up to my wife

because at the time she was six months pregnant with Tyson which meant

that I would have to leave her alone at the store for an entire week since the mentorship was in Chicago.

And when I asked her I expected her to say no you know it's another one of your damn seminars

or you know it's It's not the right time, I'm pregnant, what are you talking about?

But instead, she was super supportive and actually encouraged me to go.

So June of 2019, I flew out to Chicago for the mentorship and this was my first time day trading.

And to give you a picture of what every day was like, I woke up at 4am central time, walked to the closest gym because you know I have to get my training in no matter what,

go back to the hotel to get ready, get to the mentorship by 7am, and from 7am to 5,

5.30pm, it was all live trading and a crash course on everything he knew.

All his strategies, management, trading psychology.

He even had his personal setup shift to the place to show us exactly how he trades, how he scans, analyzes charts, use hotkeys.

I mean it felt like I was Neo learning Kung Fu in the Matrix, just straight injecting like 20 years of experience into one freaking week.

And credit goes to him because some people can do, some people can teach, but a very few can do both.

You can have all the information, but if you don't know how to convey that information, then it gets lost.

And I was so fascinated by everything he was saying, it all just clicked with me and I was immediately hooked.

And after class was over, around 5, 5.30, I would rush back to the hotel

and I would pick up whatever was on the way for dinner

and review the material I learned that week in the room till I went to bed at like 11 p.m.

And I repeated that for an entire week.

And after the mentorship was over, on the plane ride back home, I realized I just didn't find my secondary income, but my passion.

And I told myself, this is what I want to do.

And I'm going to do everything I can to make it work.

So starting that following Monday, I showed up to his trading room every day trying to apply what I learned.

I started by risking 50 bucks a trade.

And of course, I wasn't profitable right at the start.

Just because you know the rules of the game doesn't mean you're great at it.

For example, I can watch all the videos and tutorials about golf, but I'm not going to make any progress until I actually go out there and golf.

I have to find my own swing, right?

Because we're all going to vary in different height, weight, and limb length.

And by actually doing, that's going to expose my strengths and weaknesses.

And then I'll know what to work on from there.

So what I did with day trading is I started to track and review all my trades along with the management.

I trade gaps.

So I would study the gaps list every day.

I would analyze them in the pre-market to anticipate what they would do.

And then post-market, I checked to see what the gaps actually did and compare it with my pre-market analysis.

Then I reviewed them and tried to figure out why I was right or wrong.

I did a lot of scanning and started posting ideas in the room for feedback.

I asked a lot of questions, continued my studies, and really observed and paid attention to everything this trader was doing and trying to mimic his routine.

And the goal was to be able to do it on my own and not rely on his trades.

So I was spending about 12 hours a day to do all this and I did it every single day.

Then about 4 or 5 months later, I knew I was improving because that's when I started to break even

100

and go positive in my P&L at the end of the week, end of the month, which by the way, I've never had a losing month ever since then.

101

And someone else noticed too, because that professional trader reached out to me asking if I can help him moderate the room.

102

And what that means is I'll be doing exactly what he's doing for parts of the day.

103

So I'll have to get on the mic and trade live for the members, answer any of their questions, scan the market, and call plays to make the room money.

104

Now remember, just five months ago, I didn't know a thing about day trading, nor have I done any type of public speaking,

105

and what, now I'm supposed to trade live in front of hundreds of people and try to make them money?

106

It just doesn't make sense, right?

107

So initially, I turned down the offer, and I told them I just didn't feel comfortable taking on that kind of pressure, and I remember that same night, it hit me.

108

I remember asking myself, when is success ever supposed to feel comfortable?

109

This is a once in a lifetime opportunity, and either I'm gonna win from it or learn from it, so there's really nothing to lose.

110

So the next morning I told them, just kidding, I'll do it.

111

And that's when my life completely changed because just before that, our son Tyson was born.

112

We also bought our first house around that time.

113

And now I'll be making the full transition to becoming a day trader as my career.

114

And I remember being so nervous, getting on the mic for the first time, thinking this is crazy, but this really put my back up against the wall

115

and forced me to bring my A game every day.

116

And it helped to have him mentor me

117

and steer me in the right direction and there was no way I was going to let him down, the room down, and especially myself down.

118

So I amplified everything I was already doing to improve myself.

119

Like instead of listening to music when I'm working out, now I'm listening to courses.

120

I took a lot of notes, not just on trading, but how he was moderating, presenting himself.

121

I started a daily trading journal to track all my mistakes, mostly psychological, like if I mismanaged to play,

122

forced to trade, or got FOMO, things like that.

123

And what really helped was teaching.

124

If you really want to learn something, try teaching it to someone else.

125

One of the responsibilities as a moderator is to answer questions and educate.

126

So when I teach it, it reaffirms my knowledge

127

and trying to make it simple to the person in front of me helps me as much as it helps them.

128

Then when Christmas came around, we got to take a week off for the holidays, but the room was going to be left open to the members who still wanted to trade

129

and chat for for that week.

130

So for me, instead of taking that time off, I decided to use that opportunity to get more comfortable being on the mic.

131

So I decided to moderate on my own, open to close every day for that entire week.

132

And by the end of it, I pretty much lost my voice, but I learned a lot and I had a lot of fun doing it.

133

So it was during the week of Christmas, so it wasn't too busy.

134

I remember everybody was in the holiday spirit.

135

We were sharing stories, eating and drinking, all while doing some trading.

136

And most importantly, we made money that week.

137

So we were able to catch a few plays.

138

But I still remember this one play we caught.

139

It was the RAD short as a novice gap.

140

And by the end of that week, I was so happy that I did what I did, just because it was a real confidence booster I needed for myself as a trader and as a moderator.

141

Then in the beginning of 2020 is when the world gets hit with the pandemic, lockdown happens, we run out of toilet paper for some odd reason, and the market tanks.

142

And this is when I first started scalping because I saw that's what my mentor shifted his focus to.

143

So one of the biggest lessons I've learned about trading the market is to be adaptable.

144

The market environment is always changing.

145

There's absolutely no control we have over it.

146

All we can do is adapt to it.

147

So I'm a big, big believer in having multiple strategies, multiple weapons in your arsenal, and being wise enough to know which ones to use at any given environment.

148

Because what's working today may not be working tomorrow.

149

And what happened was I ended up having my biggest month by far making about $40,000 in March of 2020, risking only 100 to 200 bucks a trade.

150

Now looking back, it feels like it was meant to be

151

because I spent $40,000 searching for an answer and this was like a way of telling me, boom, you did it, you found it, here's your money back as a reward.

152

Because ever since I incorporated scalping into my strategies is

153

when everything clicked and I started to make some real money day trading.

154

And from then on, it just kind of snowballed for me.

155

Of course, there was still some bumps along the way and much more lessons to be learned.

156

A lot of that was psychological, Which I believe determines if you're gonna succeed in this business

157

or not because anybody can learn strategies and know how to read charts

158

But it's you who's clicking those buttons and it's your money that's fluctuating on

159

that screen Which is why we can all get into the exact same trade, but I bet you in the end We'll all have different results and for me.

160

I found out I'm not the go big or go home type of guy.

161

I'm pretty risk averse I hate giving back profit, which means I may be getting shaken out of place here and there, which is fine I just like to make what I can and move on.

162

And when I do that enough times, at the end of the day, it builds up a nice amount of profit.

163

So the key for me is knowing when to give those trades more room.

164

And I think management is an aspect in trading I'll forever be working on.

165

So that's how I got into day trading.

166

As you can see, my story is a bit unique.

167

Some might call it luck that my mentor brought me in, which I'm very fortunate to have found such a great mentor, who's now a good friend, by the way.

168

But I believe it's probability.

169

Because if you're consistently putting in the work and putting yourself out there, it's more probable for you to come across more opportunities than the person who's just sitting on the couch.

170

And one day, your work is going to align with the right opportunity

171

and you'll be at the right place at the right time.

172

So I'm still here, still learning and growing.

173

Those are two things I'll never stop doing.

174

And I've also grown to love teaching.

175

It's given me a new sense of purpose.

176

It's actually one of the reasons why I started this YouTube channel.

177

So if you're liking the content, make sure to subscribe.

178

And before I close off the video, I'll show you what I'm up so far this year of 2022.

179

I know a lot of you guys are always curious.

180

So we're in the end of April now

181

and I wish it was a different time in the market because it's one of the slowest times I've traded by far.

182

My mentor who's been trading for 15 plus years told me it's one of his slowest times he's traded

183

so it sucks but also it's a bit encouraging because I'm still up over 100k in my TOS account.

184

I think almost 20 in my E-Trade account which I only use for shorting stocks that are hard to borrow on TOS.

185

And this is with me risking 500 bucks for trade

186

so I'll take it

187

but I think last year I think I made this same amount in just like the first two months

188

so it's pretty slow but slow times don't last so hopefully it'll pick up soon.

189

So hope you enjoyed my story.

190

I hope there's some nuggets in there you can take away and apply to your trading.

191

If you found this to be helpful make sure to hit that like button.

192

If you have any questions at all leave them in the comments below.

193

As always, I appreciate you being here and I hope to see you on the next one.

Что такое техника Shadowing?

Shadowing — это научно обоснованная техника изучения языка, изначально разработанная для подготовки профессиональных переводчиков и популяризированная полиглотом доктором Александром Аргуэльесом. Метод прост, но эффективен: вы слушаете аудио на английском от носителей языка и немедленно повторяете вслух — как тень, следующая за говорящим с задержкой в 1–2 секунды. В отличие от пассивного прослушивания или грамматических упражнений, Shadowing заставляет мозг и мышцы рта одновременно обрабатывать и воспроизводить реальные речевые паттерны. Исследования показывают, что это значительно улучшает точность произношения, интонацию, ритм, связную речь, понимание на слух и беглость речи — что делает его одним из самых эффективных методов для подготовки к IELTS Speaking и реального общения на английском.

Практика Shadowing: How I Became A Profitable Day Trader | My Trading Journey - Изучайте разговорный английский по видео

Об этом уроке

Ключевая лексика и фразы

Советы по практике

Что такое техника Shadowing?