 yo what's going on guys it's me again with another video today we're gonna go over what is it that we're doing today the top 10 rules you must follow when trading all right guys real quick make sure if you haven't subscribed and follow the channel please do so remember that we're doing giveaways on every single video each video needs to get if you can see here I don't know you can see over here over 30 likes so we're doing 30 likes this one has 23 yesterday's has 17 so if we get over 30 on each one there were that triggers the giveaway all right guys so let's hop right into this video man the top 10 rules you must follow when trading so let's go let's go over to the first one let me put this in the let me go to the slideshow from beginning here we go all right so the first one is do your own research guys a lot of people are always asking questions and and just kind of oh man you guys came in see I haven't switched it oh there we go my bad y'all here we go all right number one do your own research so yeah so you guys have to learn to do your own research whether it's from a macro standpoint fundamentals or technical you know a lot of people just blindly follow you know either someone on Instagram or someone on Twitter or whatever whatever the media saying guys do your own research like yeah we have a trade room or where we share our trades but you guys when we share our trades you guys should be then trying to fix trying to see why it is that we're taking certain trades and stuff like that so always do your own research guys you know if not you'll never learn you'll never understand why it is that we're doing certain things and you know you'll always be having to depend off somebody else I'm getting a lot of notifications here because it's 11 a.m. currently and where the markets open so you might hear some noises and stuff those are alerts and stuff we have set up all right the next thing is to don't chase a moving train so what this means guys if if something takes off you know if there's a stock that already took off guys don't jump on it there's a perfect example what would be the link play everybody was jumping on link everybody was jumping on link we even told you guys do not jump on link at this moment because it's already gone it's the trains left the station and and we gave you guys pullback levels to jump into and we even use the same exact levels that we had recommended you guys in our market analysis of link so anyone that jumped at that price around $19 $20 they they're in a loss because that it dropped all the way down to $13 so that's a perfect example another good example that a lot of people are probably familiar with is jumping on Bitcoin when it was at all-time highs at $20,000 and it dropped drastically on them you know so guys don't jump on a moving train like wait for a pullback wait for the right entry that's gonna make you money in the end in the long run all right remember when investing you want to buy low sell high what a lot of people end up doing is buying high selling low because they buy high then the price drops on them they panic and they sell it at a loss this is this is why doing your own research is so so important because if not you won't understand this a lot of new traders they buy the hype after it's already too late you know I mean if you don't do your own research you won't be able to find those that low price to enter at so do your own research and don't chase a moving train number three trade with logic not emotions I see this way too much I have people always sending me messages emotional about their trades because they're in a loss guys you have to always have a plan in place before entering a trade if you enter a trade without a plan after I've told you a million times not to do it like now that's on you you know of course you're gonna be emotional about it you don't know what to do you don't have a plan in place you've let it run you've let that loss get way too big now now you're fucked you know so don't trade with him with emotions guys you have to take emotions out of it you got to detach yourself from this to treat money like points not like cash you know what I mean so in order to do that you have to start with with a very small amount of money that doesn't affect you something that doesn't that's not gonna trigger you if you lose it you know I mean and has to be an amount of money that you're willing to lose you have to be willing to lose it all once you get that in your head then that's when you'll start seeing progress in your training because then you're gonna start trading with logic and not with emotions it is so so vital it is one of the hardest things to do probably in trading and it's what makes trading so difficult with and have such a high learning curve because people just don't understand that discipline is so so important in trading and unless you learn to be disciplined when trading like you can't be profitable it's just not possible so that's why it takes usually experience a lot of experience to be able to detach yourself from the from the amount of money that you're trading with it definitely took us some time and then that leads right into the next one always always always use a stop loss guys I don't want to hear any excuses about this if you're not planning your stop losses ahead you're gonna you're never gonna succeed in trading you're never gonna be profitable I don't message me if you're in a loss because you didn't use a stop loss guys you always got to use a stop loss there's no way around it no if ands or buts stop loss stop loss stop loss put that in your head guys stop loss stop loss on every trade stop loss you want to enter here where's your stop loss you want to enter at whatever other price where's your stop you have to know your stop loss before your entry your stop loss it which is your risk management is way more important than the price you're actually entering at get that through your head guys number five very important know when to stay out of the market a lot of people don't understand this concept you don't always have to be in a trade guys you don't always have to be in a trade I know it's exciting to be in a trade it gets your adrenaline pumping gets you going but that's not how you trade you don't always have to be in a trade you have to know when to stay out of the market and wait for that entry that's why you have to look for those pullback entries so that you know what you're waiting for it you know they mean like you have you can't always be in a trade if you want that adrenaline rush then go to a casino go to your local casino go to the roulette table that on black that on red because that's basically what you're doing if you're just entering random trades you know this is a concept that's very difficult for beginners to understand because they always want to feel that rush of being inside a trade and they feel like if they're not in a trade they're missing out so they fomo guys you're not missing out I'm telling you you're not missing out there's always another trade there's always another day no one's is sitting on your hands and stay out of a trade guys so important number seven wait did I skip a number yeah I did skip a number my bad guys number five so this is actually number six but whatever I actually fix it but it's gonna probably throw off all the other numbers it's all good yeah it threw off all the other numbers so good guys so six only invest what you can afford to lose guys this is super important and this ties into being your emotions trading without emotions this ties into you know being disciplined because if if you're investing more than you can afford to lose then you're gonna be emotional about every single trade you take which leads to you making bad decisions so the way to do this is start with a very very small fraction so that you're not emotional about it you have to be able to detach your emotions from your money if you want to be successful and that's just the truth out with trading that's why so many people fail because they cannot make that separation of emotions and and the money they're investing they can't separate themselves from it so very important guys it's all boils down to discipline diversified guys you always want to be able to diversify you always want to any anything you're invested in you want to have you want to be diversified in I preach this all the time never put your eggs in one basket when trading you only should be risking you know between 1 to 5% on any given trade ever risking any more than that then you're not practicing proper risk management you're not trading with the trading plan you're not practicing proper risk reward you know it basically you're not going to to succeed it's just you can't cuz it's a long-term remember this is a marathon not a sprint yeah you might get lucky one two three times but in the long run when the law of large numbers comes into play then you're gonna lose it's just it's the law you know what I mean it's we it's we preach this for a reason we're not I'm not telling these things for no reason you know I mean so you have to always have your portfolio diversified with crypto I like to keep between 30 to 50% of my portfolio on Bitcoin I like to keep around 20 to 30% I like to keep around 20% and out coins it depends on how much I have in Bitcoin which which then you know depends how much I have in out coins and then I like to keep around 20% to day trade with and then I like to keep around 10% of my portfolio in cash in fiat so that when there's dips I can enter back in and then when I take profit I I put that money back into my cash reserves so very important guys in the stock market I do the same thing I keep my portfolio diversified I am I'm invested in you know I invest in ETFs which diversifies your portfolio for you and then I invest in you know any companies that I believe in and then after that then I have the percentage where I day trade with then I have a percentage in cash so very important guys the trend is your friend to the end I know says number nine but it's actually number eight guys this is another big thing people always look into short for some reason or just counter counter trade guys don't make life more difficult for yourself the probability is always in the end the direction the higher probability is always in the in the direction of the trend itself so trade within the trend if the trend is going up you should only be going long you should only be buying you shouldn't be trying to short the market unless you're you've been trading for years you're an expert you're profitable year over year for like the past five years then you can then you under then you have enough understanding of the market to know when to go short and to get out quick because these are scouts these aren't gonna be you know big trades long long trades other than that if you're a beginner if you're you have less than five years experience trading you should not be trading against a trend because you're just it's not gonna be go well for you so always trade with the trend always trade with the trend guys always don't make life harder for yourself always trade with the trend I'm saying I'm repeating a lot of these things on purpose so you guys could to try to get it into your head always trade with the trend number ten is actually number nine but number ten not nine discipline guys discipline is so important in trading is basically everything discipline is everything in trading if you're not discipline you're not gonna be successful and that's just the way it is it took me a few years to be able to really get disciplined with my trading plans and with my emotions and you know with what I was doing with the whole idea of trading so it's not something that happens overnight it's something that happens over time with experience with losses with trial and error so don't get upset at yourself if you're not disciplined yet don't lose hope and faith in yourself you just got to keep pushing practice proper risk management so you don't blow your account and with time you're gonna get there you know what I mean it just it's something you got to work at every single day alright and the last one number ten which is also the bonus if you fail to plan you plan to fail I know you guys have heard this a lot if you fail to plan you plan to fail say one more time if you fail to plan you plan to fail guys you owe you have to you have to you have to plan your trades before entering your trades you have to know all your targets you have to know your stop loss you have to know your risk reward ratio you have to know how much you're risking on that trade like these are all things you must know before you take a trade so you need to write this down you need to write it down don't just make it up in your head and be like okay I planned in my trade no you need this has to be written down if you're not writing down you're not planning your trade it's just it's not real unless it's written so guys if you fail to plan you plan to fail that simple that's why a lot of you ask me questions and the first thing I tell you I ask you what was your what was your trade plan you know I mean if people in my trade room ask me questions about any trades I asked them what does the plan what does the trade plan say it literally answers every question you have so and it should answer every question you have so if your trade plan does not answer every question you have you're not you're failing the plan so you're planning to fail that's just the way it is all right guys that is it for that let's jump into the question of the day remember guys we're doing this on every single video you can win a free month membership the question of the day every video will have a random question about something in the video the question will always be in a random area of the video find the question then find the answer post your answer in the comments for a chance to win a free month membership winners will be picked randomly once the video receives over 35 likes guys we need over 35 likes you know what I'm gonna I'm gonna bring it back down to 30 because we've been we've been stuck at the 30 range so I'm gonna do over 30 likes guys winner will be picked once the video receives over 30 likes all right good luck here we go question of the day what is the rule you feel like you have to work on the most and why very simple guys everyone should have a unique answer to this I'm doing this question this way on purpose I don't want anyone copying and pasting someone else's answer so tell me what it what is the rule you feel like you have to work on the most and why alright guys thank you very much man appreciate you guys tuning in I tried to make this video shorter than usual but as always a lot goes into trading and I'm trying to simplify it for you guys so thank you guys please like comment subscribe follow the whole nine you know what I mean we appreciate all the support we appreciate you guys we'll be back with another video hopefully tomorrow alrighty guys peace