 So day trading, if I had to start all over again, I would do a few things differently. Let me tell you why. So my worst mistake when starting to trade were mainly trading stock without news. This was a hard thing to understand because there's a lot of random result in trading. So what I'm trying to say is a day you're gonna see a wedge, you're gonna buy that wedge and it's gonna have a nice breakout or break down. Then you think you did something right, but in reality, it wasn't really the trade that worked. It was just that the market was going up on that day or the market was going down. And this was even more accurate when you're trading high beta stock like NVIDIA, Tesla, AMD, all these kind of names that are highly correlated to the spy and also the QQQ. When I stopped that, I guess it stopped the bleeding. So what was working kept on working, but the losses were just less and less. So it kind of like skewed the profit curve and that was just like the main difference. So if I could have avoided that when starting, I would have probably saved two years of just burning cash pretty much. So I learned that because I was trading at a firm at a certain point and I had a mentor there that was just telling me like to stop doing that. And I didn't really believe him at first, but it took a bit of time. And when you see other guys that are making money and they're just not trading the same stock as you, and then you hear one person tells you that you don't really believe him. When you hear a second person tell you that you still don't really believe him. But when you meet like six or seven profitable traders or like that have been profitable for years and they're not online personalities or they're not selling courses and they all tell you the same thing and you don't pay them also. So they don't have like interest in you making money. They just simply don't care. They all tell you the same thing and you kind of figured out that maybe there's something there and you know, that's when you try to make change and you go like, huh, if I would have done that before, it's about that. By the way, at any point during this video, don't forget to check out the links in the description. I've linked the broker I used, the scanner and all of that stuff. So let's get back to the video. When I started for so long, I was just looking at the one minute and the daily chart and it worked well. But if you're someone that over trades, the one minute chart is gonna be a really tough one because it's like, there's so much going on. You know, you're getting so much data, which is good. But at the same time, there's like so many trigger or false trigger because most of the time when you're trading stock with fresh news and it has pattern, you're looking for a candlestick pattern and you're gonna have set up on every timeframe. So if you're looking at the one minute, you're gonna have set up on the one minute timeframe, but then you go to a five minute, but there was no set up. Then you look a few minutes later. Now there's a set up on the five minute. You look at a 15 minute chart and then you can see a set up on the 15 minutes. So it really depends on how fast you wanna be active as a trader. If you're looking to just scalp or you're looking really for bigger trades. So what that I came to the conclusion after I guess three and a half, four years is that if I'm looking for like scalp trade or like, you know, breaking news trade, I'm gonna look at a two minute chart. The reason why is, it's not because I wanted the two minute chart is because the news is gonna happen fast and with that trader, when you put the one minute, it doesn't go back enough in time. So I decided to just put the two minute which make the chart not like have any bugs or see more historical data, which was just the best thing. But if I'm looking to just trade like a pattern, like a breakout or something like that, it has to be on a five minute chart or 15. That's like the minimum I'll go for. I won't take like a breakout on a two minute pattern just because there's too much variance and there's too many false breakout. I didn't come to that conclusion alone. It was like a mix of different people that told me about that. And I didn't really believe it to be honest until I saw it, you know, from someone that was having like a clear edge. And that would just told me that I had to ditch that which in a case it's true, but in a certain case it's not really accurate. But I personally prefer the two minute. This is a bit controversial and I made actually a short on YouTube about that and people seemed to be angry, which made me laugh because what I said in that short wasn't even a lie. If I would start again, I would really focus on pre-market action and really trade the pre-market the most. The reason why is the pre-market has like really fresh news, right? A lot of news, a lot of press release come out in the pre-market and they normally come out at specific time, like 7 a.m., 7.15, 7.30, 8. 8.15, 8.30, 8.45, 9. So it's like every 15 minutes. So if you're looking to trade small cap which is gonna be what people I guess on this channel are gonna be looking to focus on, they're gonna come out with like, you know, news that are gonna make them move a lot. And then after the first move, they create a pattern and then they have either continuation or they fail. So you'll have stock with like fresh news and then you can look for stock that have the most volume or up the most pre-market and then you look for the one that have continuation. A lot of things or a lot of what I say opinion about this is misunderstood because people say it's risky or there's not enough liquidity, but the truth is there's so much volume. A lot of these like small cap have traded already like 5, 6 million shares, like within the first, I guess, hours of trading pre-market or the news coming out. So there's plenty of liquidity and if you're a firm or a fund, they can't really have those algo running in pre-market because they don't know or they're not really set up for that. They really wait for when the most liquidity is gonna be there and this is gonna be during the regular trading hours. So a lot of these move are a bit smoother in pre-market or at least they have a bigger expansion, a range expansion, I would say. And then during the day, it's still gonna have like great opportunity but it's gonna be sometime a bit more tricky, more algo driven and all that stuff. So there's more traps. So when you're new, if you're just looking for the first continuation pattern in the pre-market, I think that would be ideal. A gap down and then you're looking for, you know, the next leg of a breakdown or a gap up. Then you're looking for the next leg of the up move. This is what I would really focus. I mean, I know it's not for everyone, but for me, this is what has been working the best like this past six months or even probably like a year. And apparently people don't agree, but that's my personal opinion. So this is what I would focus on the most. So if I would start again, would I go full-time right away or, you know, really keep it as a side hustle? The logic answer is really to keep it as a side hustle until you're profitable enough to go full-time. It doesn't exactly work like that. Like what I'm trying to say is when you're not profitable yet, it's going full-time is gonna give you a lot more time in front of the screen. You're gonna see a lot more event. And every day you're gonna collect new information, data, and this could be about just news, market sentiment. You're gonna be dedicated to one thing. And then you get absorbed by it and you become really like a good learner or fast learner versus somebody that has a full-time job and is just showing up to the market like here and there. It's gonna really make your learning curve like slower. Like the best thing to do would be to give it a shot full-time for like a few months or at least, you know, like six months. But you would have to be open to the option of getting a job again. And then, you know, have to balance like giving a shot full-time, going back to a job. But trading is tricky. Even the best trader, the most profitable traders, I know, and these are guys that trade for firms. They're not online personality and they made like millions trading. And sometimes we talk and they're still complaining like a complete rookie that, man, they're like, man, I haven't had a paycheck in like three months. But then you go on Twitter and everybody's making money every day, right? Reality is it's gonna be always like a struggle that you make money for X amount of time. Everything goes well. Then it's not necessarily that you're gonna lose money but sometimes you're just turning shares, you're trading and you're trading but nothing's really clicked until there's like new event that happened. And like this past year, like, or even I would say 2022 was kind of not an eventful. A lot of traders were just turning shares the whole day. Then 2023, we had the bank crisis and like had like, you know, I wasn't making much before but then I had like my multiple best trades or multiple best month in a row. And this were able to like sustain me for the rest of the year. You have to be there all the time cause you don't know when it's gonna show up but when you're starting out, there's no like going full-time or, you know, staying part-time and treated as a side hustle. But if you've been full-time for like years or like example five, six years, I don't see why not going part-time or if you're able to get like a good stream of income that's there like every day or like on a regular basis. And then you could probably go back to trading part-time because you're already assimilated or accumulated so much experience that you maybe don't need to show up as much every day. But yeah, so there's no right answer for that. That's a good question. I'm not currently in any chat room. The reason why is I talk to enough trader over the years that no people that, you know, we enjoy talking with each other, just kept in contact. And every day you just, you know, chat with people what they're looking for, has them how they're doing, you text on the weekend. It's not necessarily like a chat room, it's just individual conversation, like all mixed together. So if there's an important news, somebody's gonna tell you, hey, by the way, you know, this is a news or this should be your setup. If I would start again, I would probably have to join a chat room. I don't have any affiliation with any of them or anything like that, but to at least get in contact with people that are trying to achieve the same thing. And in there, it's like the typical, you're trying to get someone that's a bit better than you, you try to help someone that's, you know, not as good as you. And this is really relative because sometimes people that are not good as you are gonna perform better in certain market and somebody that's really better than you is gonna be in a big drawdown when technically you're doing well. So this is relative to the time period that you're talking with these people. But what I really think is that you would probably have to like hop on different chat room, but understand that the person that runs the chat room doesn't really care about you, even if they repost your tweet, doesn't really matter, they just don't care. And it's not a mean thing or they're not necessarily trying to take advantage of you. It's just, there's too many people in there that they can really care about everyone, right? You try to get as much information as you can from that person or understand their style. You try to meet as much people, like, you know, chat with people that post maybe chart and all that, you stay in contact, maybe you move to the next chat room and then you understand what's going on there and then you do the same thing and you repeat the same process all over again. And after maybe a year or two, then you're gonna realize that you're always talking with the same group of people and these become your trading buddies. So there's no like point of paying for a chat room, except if there's like something very specific in that chat room, like somebody that's like an expert in news, they have like tools or scan and like stuff like that. This could be helpful because you pay here, but you don't have to pay like the software beside, but you would probably have to join a chat room if you're starting out to at least meet people. So if I would have to give like one final advice if someone's starting out or even to myself when I started out would be to trade really small, not for the reason of not losing money, which is still a good reason, but it's cause you don't have an edge and even if someone tells you to trade small, you're gonna trade too big and lose too much. That's fine. That's just part of the learning curve. But if I'm starting out, what I would really focus is just build good stats and then look for capital somewhere else. So that means like join a prop firm or look for like a backer or something like that. Then you could scale like much, much faster because if you're trying to really build your account and live off it, it's gonna be tough. It's gonna be taxes at the end of the year. So even if you started with 25K, then you build it to like 100K. At the end of the year, you're gonna have to give like 30K to the government. So then you're gonna go back and then maybe you start the year in a slight drawdown. So then you're back to like a 50K account. And when you think about it, you even haven't took yourself a paycheck yet. So what I would focus is build like a good stats and then try to join a firm that's gonna at least give you maybe extra buying power or they're gonna at least maybe back you fully. Like they're gonna take the whole risk on you. So then the money you have, you can just live on it. And then you can build yourself a paycheck through the firm. And eventually if you have enough saved up, you can probably just move on yourself and just trade your personal account and not have to need a backer or anything like that. But that would be a much, much better route to take than just trying to take this one K account and bring it to two K or 25K to bring it to 50. So if you found value in this video, you can like and subscribe. And also if you have any question or comment, leave them down in the comment section. I could go over in my next one. Peace.