Stop Getting CHEATED! NYSE Veteran Peter Tuchman Tells Traders How to Stop Losing
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- čas přidán 6. 08. 2024
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Only channel I subscribe to. Take info or don't be informed at all. Your the best Roy and the entire team
Thank you!!!
Most “market manipulation” is a lack of understanding of price levels. Once I realized how to identify and use price levels and taking profits/cutting losses with them. Instantly started becoming far more profitable
My man was like….”what was your question 😅!”
I’m a retail trader and what he said was all facts!!! I fail cause of not following those rules he spoke of at the end. Revenge trading, averaging down 🤣🤣 and turning winners into losers by being greedy. It’s all about having a game plan and sticking to it.
I love Roy's reaction when he mention the wolf of wall street. what an absolute goat peter tucman
Caught me off guard in the first 2 mins of the interview LOL
This is a game of emotion and psychology
I agree with him in all except one, stop loss. In theory they sound great and they should be, but the institutional traders have level 3 data that lets them see our Stop Loss, so they can just move the price to hit them, poof we get taken.
As someone who has been both a mid-level institutional trader as well as a current independent retail trader I can say with 100% certainty institutions could not care less about your stop loss. This theory came about by retail who get stopped out from constantly entering prematurely and instead of learning from it to get better they do the same over and over expecting different results ( the definition of insanity)...Even if that was not the case, people who enter at a certain price point believe they are catching momentum to the upside. If not only does that not happen but price dips below your point of entry that is evidence you were incorrect and losses should be cut to protect capital
There is wisdom deep inside what he's saying.. 😊 Thank you for this information
Thank You Represent Keep investing Keep educating
I was day trading in 1998......It didnt just start with COVID. I had a Bernie Ebbers/WorldCom $1,200 per month fractional T1 line to my home. Crazy!!
Wow!! Talk about an OG
Are you still trading? That's the real question.
This one is for the peoplee
Thank you
Welcome!
Strong motivational speach!
Fantastic honest speech. May I know if this gentleman has a CZcams channel or FB ?
Drop the pattern day trade rule!
trade futures to enter and exit unabated, as much as you want including the ability to hedge positions after hours, or day trade options on a cash account to always have your buying power in the cash session 9:30-4:00. There is no way around it. Get educated first though because both instruments can rip your face off, and you do have to trade live to gain experience. You have to take losses, and sometimes they can be massive if you're not careful. It takes many years to develop and master these skills, so be obsessed with the process.
I trade or more likely hold what I know. I am a geologist with over forty years of experience with energy! Also I was brought up in a Benjamin Graham world. Five trades in the last year!
Cant wait
Dropping soon!!
Stop orders stop orders stop orders! Y'all, he wants to eat your stops.
What are the 5 rules??
Absolutely lovvvvvvvve Tuchman. Major respect ✊🏽
Im exhausted after listening to that...He started slow and then started sprinting like he was running from the cops
It’s called passion
@@Lilbigboy Oh I thought it was my anxiety
found this very useful
Glad to hear!
Yup the cost informations
1% of stock price and not portfolio? How does that work?
THIS guy reminds me of Larry David
😂 Curb your enthusiastic trading
Did he say to risk 1% of the price, not of your deposit?!
🔥🔥🔥🔥
Camera person needs to learn how to be still. Holy cow!
Nope, you don't use stops, your notional size is your risk, for a directional approach you as minimum have to go for the top-bottom tick with a liquidity providing mindset scaling in and out. Oversized tight stop trading as described in most books will strip you over time nearly all the time.
And how many years on the stock exchange have you worked?
@@chartaddicts 23 years trading my own accounts, took me 5 years 'learn'.
Exactly, the moment one gets stopped out is when the stock is about to turn in their direction. The best way to trade is use notional size as risk, and only take a loss when the trader feels the stock can go much lower and he can get a much lower price later, not because he already has a loss.
There was 2 things my parents always used to tell me. 1- Never judge a book by its cover 2- You can't teach an old fool new tricks. Thanks for the advice you've given in this short intro. It was of great help.
Good advice. No excusses in trading
Exactly!
I'm a very new trader since November 2023, and I have recently started becoming profitable off a very small account after incurring significant losses. Average profit per week is $300 to $500 a week. Sometimes, pain is the best teacher. I'm enjoying this new endeavor/challenge in life and love hearing information from other well established traders who have seen it all. Look forward to learning and growing!
Good luck!!
You're still a beginner. A year from now you will still be trying to make money on a losing account. It's not your beginning yet. You have a long way to go.
You're not there yet.
Whats up with the camera movement?
maybe dodging a lot of people there and hes not a good camera person in the first place but im not sure obviously
✍🏽💯🔥
this guy is the proof that people with ADHD doing well in the markets
Hope you guys understand anything he says is actually a conflict of interest to you.
he knows they manipulate
listen to larry david. he knows what going on
He just admitted institutional traders manipulate stocks by paying analysts 🤡
Trade low cost ETFs with limit trades.
This like be like the mad Einstein
Yea and the market maker, hunting for those stop orders, because They Can somehow see Them, is that fair rule….just asking
He addresses this in our upcoming video- they do not hunt stops
‘There’s certain advantages to having millions of dollars’.. yeah no shit
Stop loss, no stop loss, doesn't matter, citadel will handle your trade like a vacuum
LOL, the citadel market makers sit right next to Peter on the exchange.
I wouldnt go to his show because his title of the video was a scam just like all the others...oh im gonna tell you how to do it, but nothing except 10 minutes of talking that was useless.
Didn’t you just get caught scamming 🤣🤣🤣
Yes. We got caught streaming every morning NY market open …. On CZcams 🤦♂️ I don’t know how we’ll recover
@@chartaddicts bro just stop some people ain’t that gullible … scammmmmmmmmmmmmmmmmmm….. don’t use the Wall Street guy to get you back good … 100 percent chance he didn’t know you were stealing people payouts and faking like was yours
Larry David on high amounts of caffeine
😎
He is just looking to sell courses. 😂😂
It took him over 9 minutes to give a 10 second sounbite of 5 flimsy reasons, seriously, lol. Clickbait caption 😂
for real lmaoooo
yet every trader does just about what he says..especially the over trading part
That's what I came here to say. Total waste of our time.
So much talking and bla bla bla and suddenly the guy remembers that he cannot remember the original question. 😅 full comedy.
Talked for ten minutes and didn't say anything
He telling you how a small size can't move the markets and how a retail traders don't have the resources to see what institutional traders like myself can see
Fisker
The best advice you'll get is right here: don't waste your time here folks, you'll never get it back. Absolutely useless.
pointless advice.
you think what they know is gonna be taught for free? lol this is why i learn the basics and do it myself and take my time to do it right
@@KingJT80 true
Clickbait title and waste of 10 mins.
It just went over your head
@@chartaddicts really? What part exactly? Because he rambled on and didn’t say shit.
@@chartaddictswell it must have went over mine too.. because I didn’t learn a single damn thing from this insane rant. All I heard was, “buy my corse” 😅 GTFO.
Fractional shares is HUGE. Find 3 good ETFs and buy regularly and hold. Stop trying to day trade.. YOU WILL LOSE.
JESUS loves you so much and may you receive HIS Comfort and feel HIS love, and just know that the darker our situation the lighter HE shines, if you believe in HIM and turn from your sins, you will be saved, if you have not.
Amen!!
amen , thank you
Amen🙏
seems legit
Hahahaha Peter is Jewish...
go to sleep boomer...youre time is over.
we are here now.
9 minutes of ramblings with little to none insight.
BS and waste of time