How to START Day Trading For Beginners 2024 (FULL COURSE)

if you start trading and master it you can create a massive income generating machine for yourself but if you don't have the right foundation you can spend years losing money trying different things to figure it out only to find yourself more confused because the trading world is confusing with millions of people saying millions of different things okay I've been trading for over 7 years now and I'm completely self-taught so whether you have some trading experience or you're brand spanking new what I'm going to show you today is a simple process that I wish I took

from the jump to start doing things properly I'll show you how to re ire your mind to think like a Trader all the softwares you're going to need how to do simple charting understanding trading math all the custom tools that I've built over the past several years and how to gain access to Capital starting with a small amount of money so that by the end of this video you'll have a clear path to master trading and hopefully create that income generating machine for yourself all right so before we start I want to do an exercise

so I have a coin right here heads is going to equal $300 in tails is going to equal $100 if we flip the coin 10 times in a row under the same conditions we'll know that roughly will get five heads in five tails and that average will still statistically hold true even if we get three taals in a row now knowing this it wouldn't really be logical to get emotionally invested in the outcome of each coin flip and we know that we'll get approximately five tails for $1100 each which will leave us with a net

gain of $11,000 now the losing Trader mindset is to put importance into the outcome of each individual coin flip whereas the prot trader mindset in instead will focus all of their effort on keeping the same conditions for the coin flip and tracking on average how much they make after 10 coin flips now in trading this coin flip is going to be equivalent to our strategies and practices it's all going to come down to winning probability if you go into trading understanding this exact principle you're going to be ahead of 80% of other Traders when they

get started but that only takes us so far now we have to learn how to actually implement this into a trading Market all right let's get into lesson number two where we're going to talk about charting in software so today I'm going to talk about three foundational softwares where basically you can get started trading using these things first thing is going to be trading view second thing is going to be Excel or Google Sheets and then the third thing is going to be an exchange okay so personally I trade cryptocurrency so I'm using either byit

or femx as an exchange but depending on if you're trading Forex or whatever we just need a means to actually buy and sell we don't really need to focus on this until more towards the end of the video all right so let's hop over into trading view you'll notice my chart just has candlesticks on it with nothing else okay this is a big big thing for you to understand and this is something that I've noticed throughout my trading Journey watching people who haven't succeeded and who have succeeded and what's really helped me personally okay there's

so much that you can add to your charts just been it's been a long fight it's been a long fight and I just had to have a warrior spe okay there's so many indicators that we do use once we get more advanced but you have to understand most people start with a process that doesn't work and then they add extra stuff to their chart in order to try to make make it work whereas the successful people in the right way to do this is to have a very very simple chart understand what moves the markets

how to actually trade that and then as you're starting to see success with the fundamentals of trading you're adding more to it to complement what already works simplistically if you're doing the opposite you're already wrong you're going to confuse yourself with something called paralysis by over analysis and this is how people run themselves down a rabbit hole of never actually being able to understand how to trade do not do that start simp I'm going to walk you through the entire process to understand exactly how markets move how we're going to read these charts and then

we can add stuff as we go promise me that you're not going to do that if you have a crazy chart with indicators all over it wipe it clean and follow along with this all right so right here I have my chart pulled up this is on mic so I personally trade cryptocurrency the reason I trade cryptocurrency is because the market is open 24/7 and it allows me to use high leverage so I don't have to use a lot of my Capital to take really large positions when I'm trading okay I'm going to explain this

in way more detail in Lesson Four so hang in there all right so here we have our chart frequencies I'm going to go over really quickly what these candlesticks mean the bottom of this box is where the candle opened this Wick is the lowest point that the price moved in the past 5 minutes this is where the candle closed and this is the highest the price went in this 5minute increment same thing with the orange candles price opened here closed here and then the highs and lows are still the same this is a simple standard

way for us to see where the price is moving all right but I still think that most Traders honestly ly even if they are trading don't really fully understand what moves the markets so and what moves these candles are buyers and sellers on the order book so we can see up here these are all sellers in red and down here this is the bid side where the buyers are and in order for this candle to move up these buyers who want to buy into the market have to take orders from these sellers up here so

if I wanted to enter the market right here and the first available order for me to sell is going to be down here so if there's more buy pressure in the market it's going to start clearing out all the orders at this level and then the new current price that you can enter is going to be somewhere up here as the candle increases in price and the same thing goes in the opposite direction and the quantity of orders at each price slot here is something called volume this is people quite literally interacting with the market

now something that you have to keep in mind is when we're looking at charts we're seeing the visual representation of mass human psychology so all those people making Buy sell decisions institutions algorithms that are all involved with the market okay we're able to see those actions collectively and start to use patterns to make sense of it and so all we're really seeing is a battle of supply and demand on our chart as the supply increases if the demand for that at higher and higher prices starts to slow down the price will retrace until the demand

starts to outweigh the supply and then once the demand is back the price will continue to move up so all we're seeing is a big increase of supply and no demand and then the demand coming back all right and one of the key premises of trading is predicting where those supply and demand imbalances will happen before they happen so we can enter the market and benefit off of those changes so if we can figure out that say this area is going to be a potential reversal area where the demand will start outweigh the supply we

can buy in here wait for the price to continue moving and then sell it for a higher price and that's how you make money as a Trader You're basically trading in the supply and demand and trying to outsmart an entire ocean of other people who also want to buy and sell these instruments for different reasons so predicting these levels is obviously the golden answer of trading if you figure out a way to do that and you figure out how to position yourself in the market then you can make consistent profits one of the most effective

ways to do this is by using Trends so okay we can start to anticipate where the demand will be higher than the supply or the supply will be higher than Demand by using trend lines so a trend constitutes of a high a low and then a higher high this is what's required for an uptrend okay same thing for a downtrend if we have a move with a lower low a lower high a secondary lower low and a lower high that constitutes as a confirmed downtrend all right and we can use trend lines to start to

look at these important levels so if I click a line from this low all the way up to here you can see the price is bouncing off of that demand outweighing the supply zone until all of a sudden the demand is no longer there and the price drops through this level and now we have that Trend broken which is going to lead to a new potential Trend all right so here's another example so we have Supply outweighing demand here as well as Supply outweighing demand at this level so if we drag draw a line from

here and then we take a parallel line and we go to this lowest point on the other side of this move if we go ahead and play this chart forward we can predict roughly where this price will end up going through before the demand outweighs the supply we get a response off of that Trend and then we end up making a move higher so just like our coin flip we understand that we could get tails and this would keep moving or we can get heads and we can be right about predicting that Supply demand Zone

and have an opportunity to take a trade so if we decided to buy say 1,000 units at this level and then allow this to play forward okay we can end up selling it up here to make a nice profit on the trade however one of the biggest mistakes you can make as a beginner is entering your trades number one without a stop- loss to manage risk and number two with a random amount of units okay because 2,000 units of madic that we got for 83 done on something like ethereum which cost $2400 per token you

can see the position size is going to be vastly different okay we just lost theoretically $23,000 so instead of potentially risking $10 on madic we just lost $23,000 theoretically on ethereum so every time you're entering a position you need to know where exactly you're entering where you're going to be taking profit and where you going to be selling and leaving the trade if we end up landing on Tails if the trade ends up going against us us so that we can contain those losses so say for example we wanted to buy here we wanted to

take profit here and we wanted our stop loss to be placed here and say we wanted to risk $50 on this trade we need to enter at this specific level with this exact amount of units in order to risk $50 and attempt to make $210 once again our heads and tails the $300 on heads and the $50 on taals is only going to be possible if we're setting our trades up this way from the jump and here's another big stupid one that I hear a lot of times from other trading influencers where they say yeah

you know I was really confident about this trade so I took more size on this one and I wasn't so confident on this trade so I took a little bit less size if you start deciding which setups you're going to put more size into you're going to directly start making decisions based on your emotions okay instead of following a process and following your simple strategy where it's either I'm taking the trade or I'm not you're deciding I like this one better so I'm going to put more money into it okay if that one goes against

you you're going to start thinking well oh the time that I thought the one was going to work out I put more money into and I lost so I'm going to find the ones I don't like so much and I'm going to put more money into those and you'll start running yourself into this stupid Rabbit Hole okay don't listen to people that are saying things like this trading is supposed to be very systematic the less emotional decision-making that you need to make the more effective of a Trader you are going to be and the way

you do that is by following your exact strategy every time I can't hone in enough on that okay because the closer you can follow your process the closer you can figure out out of 10 trades how often does my trade hit this full stop-loss value all right because then it simply comes down to a combination of win rate and the risk factors on your trade so when I say risk factors if we consider your risk which is in this case $50 one risk factor if this moves up by 3x your risk that is three risk

factors we' make $150 on this trade because then it just comes down to different combinations of your winning percentage or the amount of times that you are right versus those risk factors that you're making and you can see even if you're only right 30% of the time if you have a 1 to three risk reward where you're risking $50 to make $150 you can still come out of that profitable okay so the goal of trading is to use your practice use your journaling to take more winning trades so you can be more at say a

50 60% win rate at a 1 to 2 1: 3 and you can be sitting right in this pocket here and that's with most traditional trading systems how you could hit that sweet spot and be able to make consistent profits over time get this whole notion out of your head that trading is about being right or being able to predict what's going to happen okay any Trader that saying oh I lost a trade so that's automatically bad don't listen to those people there are good trades and there are bad trades if you make a whole

bunch of money on a trade that was really really risky even though you made money on it that's still a really stupid bad trade if you lose money on a really good setup where you're putting yourself in a position for one of those coin flips that is a good trade whether you make money or don't make sure you get that through your head and don't listen to these other idiots online that are going to say things like this all right let's move into Lesson Four and I'm going to explain to you access to Capital in

using leverage which is going to allow you to start trading with a lot less money but also if you know how to do it properly it's also no more implied risk so let's go back to our mic example here by the way if you want to use this position size calculator go into the description and join our Discord all right we have a whole free section of our Discord where you can chat with other Traders okay we put out trade ideas from the private side of our trading team that you can follow along with to

get yourself started but if you go into this resources and learning section here you can click on this link and not only are you going to get all my trading view indicators but you're also going to get a ton of other resources that we put together in a One-Stop shop so you have everything that we talk about in other videos and to get yourself started trading the right way so let's go back to our madic example say we wanted to buy here take profit here and sell here say we're beginners we want to risk a

really modest amount of money so $25 on that trade okay even only risking $25 on this trade we're required to enter still with 1,831 maic tokens at a price of 83 which is going to cost us $1,529 so once again risking $25 requires us to have $1,500 worth of capital without the use of Leverage but say we add 10x leverage to this that will drop the capital requirement for the trade down to $152 all right so for example if I go over to madic and put in my 1831 units you can see without leverage this

is going to cost me about $1,400 if I increase the leverage say to that 10x leverage now the cost of this position is going to be $45 but this is also going to increase the amount of fees that you need to pay on the trade so if you're paying a 2% commission that 2% commission is still going to be coming off of the total actual cost of the position not just the cash requirement to enter it so that's something to keep in mind for moving forward okay but Leverage is going to allow you to take

really normal size trades and it's really no more risky so long as you're still calculating your positions to risk a certain amount of money all right but you shouldn't even be using an exchange or leverage until you complete lesson five which is what we're going to talk about next which is going to be journaling practicing your trades so that we're able to scale our accounts okay so say we've taken our trade risking $50 we make a 1 to three so we made $150 on this trade you should immediately be screenshotting this trade to track it

taking a screenshot of that chart in journaling the date of Entry the ticker whether it was a long or short how much money you made or lost on the trade and any notes that you want to take on the setup that way you have a log of all of the decisions that you've made all the trades that you've taken and you know over a certain amount of Trades over a certain amount of coin flips how much money you actually made what percentage of the time did you make or lose money and how many total trades

did you take okay so I built this custom spreadsheet as something very simple that you guys will get access to if you get this inevit trade Trader Suite of tools this is the only way that you'll be able to have the proof of concept and know that your trading is actually working out because until you have the proof of concept until you know that your trading is working it doesn't really make sense to hop onto an exchange and start using real money if you don't have the proof of concept that you're trading works if you're

not practicing and being profitable with your strategies then you shouldn't be putting money into the market at all that should be the last step that you do okay what I will say once you are proficient and you are starting to see some results don't hang out on the Sim account too long because it's going to make you complacent and it's not going to get you set up for success trading the real markets trading real money with real money on the line is much different than trading with practice accounts and a good way you can do

this a lot faster than just waiting for the market to set up with real trades is something that you've seen me doing throughout this whole video which is this bar replay button right here so what I like to do is regardless of the system I'm trading I can click on a random coin I can go back say to where I don't even remember like I'm not really looking at the chart and I can just click in a random area all right and once I've clicked in a random area I can just be doing my simple

analysis right so you can be following your strategy here you can play this trade forward seeing what would have happened so say we drew our analysis here if I wanted to use my position size calculator I can put my entry here my take profit here my stop loss outside here put $100 of risk hit apply this will show me my quantity 3.5 so then I can go in here and type in 3.5 and hit sell all right so say we're up $266 we take profit off of there okay so now you take a screenshot of

that so then you go go over to your Journal you put in the 266 over here and I designed this so that this will auto update the total for everything you also have a trading stat sheet so you'll see on all your Longs and all your shorts how you're doing on each thing and then once you have that proof concept like I said you can head over into the exchange all right and these principles are exactly what we do in the private side of our Discord Community okay we have people mastering all these systems that

me and my team have put together all right and we make sure that they keep their framework focus on these principles you can see crew with a nice TCL Max win I need a Max win okay another really nice win here Landon's absolutely crushing it making wins left and right really really high winning percentage okay four out of four right here okay Connor says massive shout out to the neit trade team in 10 short Days Seven trading days I've officially doubled my trading account thanks to the TCL Max system which is one of our trading

systems that we teach so shout out to you Connor and shout out to the inevit trade team for all the system development we have so many crazy things I mean this is just us scratching the surface of the basics of trading this is why I have a passion for trading because you can get so deep it's so interesting and if you master this process then you quite literally can create an income generating machine for yourself where you can travel the world you can live wherever you want you have time location and income freedom and you

can scale your income to basically however much you want okay if you're still here and you found value in this video make sure you hit the like button subscribe to the channel if you like trading and investing all right and you want some no BS trading education all right and if you had an epiphany moment in this video where something really really helped you let me know in the comments it feels good to be able to read that I'm helping people out and I'm helping people learn along their trading Journey but anyways guys that's really

all I have for today until next time guys I will see you all in the next video [Music]