I Became a Profitable Trader After Doing This

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  • čas přidán 5. 09. 2024
  • 📙Free 14 page guide of my favorite trading patterns ➡️bit.ly/RCtradi...
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    DISCLAIMER: This video is for entertainment purposes only. Trade based on what you know and understand not what someone else says.
    #DayTrading #scalping #scalpingstrategy

Komentáře • 243

  • @RileyColeman
    @RileyColeman  Před rokem +12

    📙Free 14 page guide of my favorite trading patterns ➡bit.ly/RCtradingguide

    • @nemegaming5851
      @nemegaming5851 Před 10 měsíci

      Bro what's you trading capital here plzzz tell ?❤❤

  • @marianaduarte955
    @marianaduarte955 Před rokem +21

    Je fais d'énormes profits sur mon investissement depuis que j'ai commencé à trader avec Mme Karis Mathew, ses stratégies de trading sont de premier ordre

    • @claytonerick703
      @claytonerick703 Před rokem

      wow .. incroyable de voir d'autres qui échangent avec Mme Karis Mathew, j'en suis actuellement à mon 5ème échange avec elle et mon portefeuille a énormément augmenté.

    • @ibrahimclark983
      @ibrahimclark983 Před rokem

      J'investis aussi avec Karis, elle facture une commission de 20% sur les bénéfices réalisés après chaque séance de trading, ce qui est juste par rapport aux efforts qu'elle a déployés pour réaliser d'énormes bénéfices

    • @santiago40654
      @santiago40654 Před rokem

      Ce n'est pas la première fois que j'entends parler de Mme Karis Mathew et de ses exploits dans le monde du commerce mais je ne sais pas comment la joindre

    • @santosda480
      @santosda480 Před rokem

      En tant qu'investisseur pour la première fois, j'ai commencé à négocier avec Karis avec seulement 700 $, mon portefeuille vaut beaucoup plus qu'il ne l'était, en quelques semaines seulement après avoir négocié avec elle.

    • @marianaduarte955
      @marianaduarte955 Před rokem

      💬💬Il faut être cohérent dans son approche, le trading est toujours difficile mais Karis Mathew est très bon. Veuillez la joindre via sa page te le-gam

  • @travisabm
    @travisabm Před rokem +67

    I'm new to all this, feels overwhelming but I won't give up on learning this. Thanks for you clear explanation from the very beginning!

    • @memphisginger2751
      @memphisginger2751 Před rokem

      @@dakota138 That's right, you need an experienced trader to make good profits trading cryptocurrencies

    • @marthajames987
      @marthajames987 Před rokem

      For beginners who do not understand how to trade cryptocurrencies, it is better to contact a recognized professional trader who will help you trade and receive your profit at the same time.

    • @pharrellosullivan8688
      @pharrellosullivan8688 Před rokem

      How can someone know a professional trader that is trustworthy when legit ones are hard to find this days

    • @bobwarshaw8439
      @bobwarshaw8439 Před rokem

      Isn't that the same Mrs. Katherine Flores that my neighbours are talking about, she has to be a perfect expert for people to talk about her so well

    • @travisabm
      @travisabm Před rokem

      Please how can I contact this woman Katherine Flores? I will also like to invest with her

  • @annsuccess1990
    @annsuccess1990 Před rokem +22

    You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multimillionaires.I pray that anyone who reads this will be successful in life💯💯💯

    • @williamsmelissa1349
      @williamsmelissa1349 Před rokem

      Starting early is the best way of getting ahead to build wealth,
      investing remains a priority.

    • @mooredarcy5089
      @mooredarcy5089 Před rokem

      I urge everyone to start somewhere now no matter how small, this is literally the time for that, forget material things, don't get tempted,i became more better the moment i realized this

    • @drakejack8165
      @drakejack8165 Před rokem

      to be a successful person in life require him or her of hard work and times.

    • @jessyarthur4476
      @jessyarthur4476 Před rokem

      Honestly for me started so little with just $4k because was skeptical about investing with her but fortunately now I regretted not starting big

    • @danolexiewicz9246
      @danolexiewicz9246 Před rokem

      I doubted it too before until gave it a try, and it was of no regret

  • @mantasu631
    @mantasu631 Před rokem +2

    this guy is no joke. no bullshit dragging it out just straight to the point that is very respectful when it comes to trading videos. the best trading channel ever

  • @weimingwong1436
    @weimingwong1436 Před rokem +7

    You’re the second mentor on many of the utube channels that really teach something meaningful. Total understood certain things you said immediately, sometimes we just learn need a little click and well.. thanks mate.

  • @showthatsmile
    @showthatsmile Před rokem +7

    1:27 - Patients vs Patience :)

  • @relaxationguru4240
    @relaxationguru4240 Před rokem +1

    i just wanted to thank you riley coleman ,i been trading for 2-3 years but you have helped me become next level , i have been trading profitable for 2 weeks since i have adjusted my strategy with some trickslearned from you and profit 40-75 perday not a lot but building up for sure !. in my opinion you are the goat for helping day traders . MUCH APPREICATED

  • @jumperthruster3354
    @jumperthruster3354 Před rokem +4

    I make my trade pretty quick from market open but I personally do enjoy watching and seeing what happens all day lol

  • @amgineco
    @amgineco Před rokem +1

    AWESOME ADVICE ... BEEN TRYING FOR 30+ YEARS.. A TOTAL FAILURE.. BUT I HAVENT GIVEN UP YET !!!

  • @jonmanilenio
    @jonmanilenio Před rokem +9

    "Patients is key." I was wondering if this was a medical video LOL. Thanks for this lesson 🙂

  • @RandaT5
    @RandaT5 Před rokem +3

    I totally agree with this message! Patience and not over leveraging your account is key i like waiting for high probability set-ups ... even if that means 2 trades a week as a intraday trader....great message!

  • @n7ekg
    @n7ekg Před rokem +2

    I don't watch videos to see how I can make more trades and therefore more money. I watch videos to see how I can improve my entries and my targets. I want entries that won't come back in my face and that will run to make a reasonable profit. I go for 9 ticks on every trade - $100/contract. That's it. Bragging about hitting home runs is for amateurs, and won't make you consistent.

  • @rookandpawn
    @rookandpawn Před rokem +2

    Plus one to this video so much when I first began. I found great success in selling cash secured puts and I would wait weeks to pull the trigger. Now I just set up ceilings and floors on iron condors and I chill out. Yes, I missed the 500% move today when spy went from 403 to 409 but I'm not tripping anymore. I found my one thing

  • @user-pc9us5jy2g
    @user-pc9us5jy2g Před rokem +1

    You are indeed a great trader, you make things look simple

  • @chrisdonnell2575
    @chrisdonnell2575 Před rokem +2

    Good advice but better to learn to read the DOM and Footprint and risk just 6-12 ticks (3 points) MAX. 10+ point stops are ridiculous for scalping.

  • @dangvungochieu
    @dangvungochieu Před 11 měsíci

    I like the way you jump in to the trade and what you treat with your trade and manage it. thank you so much.

  • @SniperUSMC
    @SniperUSMC Před rokem +1

    You spelled patience incorrectly, can't add an s to patient, as in be patient. Patience refers to the ability to wait. Patients is a noun, the plural of patient, someone who receives medical care

  • @daddypooks827
    @daddypooks827 Před rokem +18

    I've watched a lot of trading videos, and after watching a couple of your videos, I'm subscribing. I really like your simple approach using supply and resistance - no need for fancy indicators. Just learning to read the market, and making quick decisions, then walking away once you've hit your daily target. I guess I have more videos to catch up on! Nice work!

  • @tonytyssens9383
    @tonytyssens9383 Před rokem +1

    I’m glad I found your channel bruh 😎 I learned a lot better now at how to scalp my trades and support and resistance. Thank you for teaching us 🔥

  • @ScottHz
    @ScottHz Před rokem +1

    Riley! Good to see you back!

  • @kennethmarsh7000
    @kennethmarsh7000 Před 9 měsíci

    You are my new go to guy! I've made more in one week of trading than I lost last year!

  • @burgerjoemama
    @burgerjoemama Před rokem +3

    I need this, wow! I hope to binge your vids before the bear market ends

    • @bonzaion21
      @bonzaion21 Před rokem

      Technically speaking, all of 2022 was a pull back since we didn't go under the 200ma on spy/QQQ

  • @jorgegarcia3358
    @jorgegarcia3358 Před rokem +1

    I dont get it. I thought you make money if the stock value goes up(green)

  • @robramsden7656
    @robramsden7656 Před rokem +4

    Patience is definitely key

  • @MatchedPlayerOK
    @MatchedPlayerOK Před rokem +12

    no biggie just scalping a 40 point move......

  • @LHVMleodragonlamb
    @LHVMleodragonlamb Před rokem +1

    caterpillar brows 🌳
    spring time and the potential butterfly

  • @tac0t1ckler
    @tac0t1ckler Před rokem +5

    You very quickly have become not only my favorite trading youtuber, but youtuber in general. I really appreciate the education and you come off as someone who genuinely wants to help other traders. Thank you and keep doing you!!

  • @easyfixfx1392
    @easyfixfx1392 Před rokem +12

    Nice video bro, scalping usually carries a bad name but it actually defies what trading is all about, you're in for a few minutes and then you're out. You're essentially getting the time freedom and money freedom in just a few minutes per day(killing two birds with one stone) that's if you do it correctly and be realistic about it each day.

  • @jeff346
    @jeff346 Před rokem +1

    Been trading in my third year, I use exactly the same way now as it fits my trading style

  • @kingsleynkrumah4762
    @kingsleynkrumah4762 Před 11 měsíci

    I’m understanding The system now through your simple education Riley. Much Grace

  • @bryanysihara5999
    @bryanysihara5999 Před rokem +5

    Thanks for this lovely live trade and explanation of how you found it and how you dealt with it, very informative, thank you

  • @John--qh9xl
    @John--qh9xl Před rokem +1

    Great video, Riley. I fall into the same traps. I need to settle down. Thanks.

  • @gamingkiddo1145
    @gamingkiddo1145 Před rokem +1

    Hi there Riley, i notice that you are not taking partial profits. You are basically moving your stops? Is this what you normally do?

  • @TwiztedHumor
    @TwiztedHumor Před rokem +1

    This is totally how to scalp I have done it and it worked

  • @Laszlo-Szabo
    @Laszlo-Szabo Před rokem +1

    This video is pretty good.

  • @yiyi-py3ew
    @yiyi-py3ew Před 11 měsíci +1

    Your trend analysis of the financial markets is very accurate and I love your predictions of where the market is going. Keep up your excellent work!"

  • @kowex1
    @kowex1 Před rokem +1

    JUST GOT HERE AND I LIKE YOU ALREADY

  • @thisisruddy
    @thisisruddy Před rokem +1

    I'm not sure about patients being key but patience definitely is 😜😆 sweet vid man👌

  • @Intellistan
    @Intellistan Před rokem +2

    You became profitable after watching the charts for months on end

  • @gradoscapital
    @gradoscapital Před rokem +2

    Dang dude, my scalps are usually 2 handles on ES. Haha great job

  • @fataheyable
    @fataheyable Před rokem +1

    Hi Riley, do you trade the micros ?

  • @navrozvadsaria5949
    @navrozvadsaria5949 Před rokem +1

    I tried so much but was not able to find the same setup as you. I have no idea where am I going wrong

  • @rosshitchen-ij6en
    @rosshitchen-ij6en Před rokem +2

    11 point stop on a 1 min chart wow

  • @robertw3299
    @robertw3299 Před rokem +1

    I checked the NASDQ-100 before the market opened up. I find the max trades are two or three at a time

  • @ashleyevans2433
    @ashleyevans2433 Před rokem +4

    Riley you are by far the best teacher and explainer of how to trade. I have been grinding for 6 months from absolute no knowledge of how charts work to trading profitably in the last few weeks. and i like scalping. The last 2 videos i’ve watched of your teaching is by far the best ive come across. makes sense, is exactly what i wondered, and you explained it so simply that it’s not only easy to do, but easy to remember. Great teachers make complex things seem simple. Bad teachers make simple things seem complex. Thank you. I learnt 3 new things and confirmed another 7 things i am doing and was thinking. great stuff.

  • @Chronicize03
    @Chronicize03 Před 10 měsíci

    Thanks brother, gratitude 🙏

  • @posthardcoresinger
    @posthardcoresinger Před rokem +2

    How the frick did I not think of moving my stop-loss to or just before my take profit 1 zone... the course I'm taking advises not to use automatic stop losses so that you don't get stop-hunted since the hedge funds have level 3 and 4 data and can see where you've placed it, but once your trade is profitable it absolutely makes sense to use one and push it up for protection from pullbacks. Thanks.

    • @ScottHz
      @ScottHz Před rokem

      You can program most platforms to hold the stop loss on their server instead of sending it to the market as a limit order, but really, the pros/algos have a pretty good idea of where people put their stops.

    • @xavierd3298
      @xavierd3298 Před rokem

      I don't trade stocks but in cryto exchanges I can move my stop loss anytime i want. Once the price goes above my entry price I will change my stop loss to ensure I can't lose that trade and let it ride out

  • @gregorgman
    @gregorgman Před rokem +1

    Riley, I trade only options on the stock market but feel that I might be missing out by not trading Forex or Futures. If you trade both the stock market and lets say Forex and are equally successful, would Forex produce more money than the stock market? No idea, havent ever looked at Forex. Thanks.

  • @brianerick2111
    @brianerick2111 Před rokem +106

    Beginners need to be in front of the chart for hours and study the chart. There's no way to understand how the market moves if you don't study the chart. Professional traders only trade 2hrs max in a day.

    • @RileyColeman
      @RileyColeman  Před rokem +25

      Yes trading just a few hours a day is crucial. You don't want to over do it. You can only make good decisions for a few hours at a time.

    • @paulakak6795
      @paulakak6795 Před rokem +6

      I agree beginner need to be in front of chart for hours and hours before there discover our edge and begin to slowy trade for just one or two hours in a day

    • @chrisbruce5533
      @chrisbruce5533 Před rokem +3

      @@RileyColeman Hi. Is there a book you can recommend that will help big time for understanding candlestick pattern and high probability setups , or like rules of thumb , when u see this do that high probability this or that will occur etc
      Thanks

    • @sheldor73
      @sheldor73 Před rokem

      💯💯💯

    • @davidd.747
      @davidd.747 Před rokem +4

      Couldn’t agree more. When you do backtesting, it’s very different than sitting in front of the screen during live time. There’re so much more I would call “personalities” of the candles: how fast/slow these candles are moving, consolidating time during lunch time…
      So spending time in front of the screen and just watch the candles. The more you do it, the more your subconscious mind will learn something out of it.

  • @itaihoffman
    @itaihoffman Před rokem +4

    Patients is key indeed

    • @Cjdklh
      @Cjdklh Před rokem +2

      This is most likely my issue. I was trying to have patience, guess I need to shift to patients now.

    • @YoYo-rm6tv
      @YoYo-rm6tv Před rokem +2

      @@DavidAlanReece Hahaha! Exactly

    • @roxyzeethatsme7524
      @roxyzeethatsme7524 Před rokem

      😂😂😂

  • @sheriwn3818
    @sheriwn3818 Před rokem +2

    Thank you for the info. Is it possible to see trades on 1 min chart instead of 15min chart?

  • @bencruz690
    @bencruz690 Před rokem

    Great advice! However, 1:25 "patients" is key lol 🤣

  • @brettseanlucey8843
    @brettseanlucey8843 Před rokem +1

    Like guerrilla warfare, hit & run tactics 🫤

  • @NeptuneAlpheccaChild
    @NeptuneAlpheccaChild Před rokem

    patience patience patience... the hardest lesson i ever learned

  • @nuriyosa8974
    @nuriyosa8974 Před rokem

    I put the stop loss to almost 50% to take profit of 10% . And it worked always

  • @gregbabin365
    @gregbabin365 Před 10 měsíci

    These videos are excellent, thank you!

  • @sushantofficial1224
    @sushantofficial1224 Před rokem +2

    master !!!!!!!!!!!!!!!!!!!!!!!!!

  • @truezaa8064
    @truezaa8064 Před rokem +1

    patience*

  • @barajona2
    @barajona2 Před rokem +2

    Riley, can you clarify if "lifetime" license on ninja trader has order flow tools and and data? or is it just lower commissions?

  • @chrisbruce5533
    @chrisbruce5533 Před rokem +2

    Hi. Is there a book you can recommend that will help big time for understanding candlestick pattern and high probability setups , or like rules of thumb , when u see this do that high probability this or that will occur etc

  • @vincentnnyc
    @vincentnnyc Před rokem +5

    I see you bought 4 contracts of mes for going short. Why don’t u sell half when it went in your favorite and keep half to let it ride. Some traders incorporate this strategy for profit taking. How come u don’t do that?

    • @RileyColeman
      @RileyColeman  Před rokem +3

      I've found that doing it this way works better for me. I explain my trailing stop strategy move in other videos.

    • @vincentnnyc
      @vincentnnyc Před rokem +2

      @@RileyColeman thx for the quick response. On average, how many trades did you do per day last week for trading the mes?

  • @skhevhula
    @skhevhula Před 10 měsíci

    Quality content sir🔥💯
    Everything is understandable

  • @justchillian
    @justchillian Před rokem

    I can't tell you how happy I am taking bigger lot sizes with smaller moves 😊

  • @Seli6358
    @Seli6358 Před měsícem

    LOVE THIS GUY ! how many pairs would you say is best ?.

  • @szabolcsnagy7638
    @szabolcsnagy7638 Před rokem +1

    Define profitable. 2% or 200%??

  • @nona4622
    @nona4622 Před rokem +2

    Do you look at volume on reversals?

  • @Lowkey-dh2sw
    @Lowkey-dh2sw Před rokem +1

    What app are u using for this

  • @raulvargas352
    @raulvargas352 Před rokem +2

    Cool, thank you for info

  • @johncolton740
    @johncolton740 Před rokem

    What trading broker?

  • @n7ekg
    @n7ekg Před rokem

    Retail (amateur) traders talk about how $$$ you can make. Professional traders talk about how much risk, and concentrate on setups that won't come back in your face.

  • @jameskerry3826
    @jameskerry3826 Před rokem +1

    Thank you. Very well explained.

  • @idalbertof8632
    @idalbertof8632 Před rokem +1

    Thanks

  • @nbaker5879
    @nbaker5879 Před rokem +2

    What platform is this you’re using to trade? Great content, thank you!

    • @ScottHz
      @ScottHz Před rokem

      It’s NinjaTrader, as mentioned in the description.

  • @seo7111
    @seo7111 Před rokem +1

    Great videos! Could you show the link for Daily Squeez scan?

  • @pipiriarnie
    @pipiriarnie Před rokem

    wow thank you for this explanation I'm learning so much with you.

  • @changchadchanamdong2668
    @changchadchanamdong2668 Před rokem +1

    So this is a scalper channel

  • @wilsonhenry82
    @wilsonhenry82 Před rokem +2

    Patients is key…..

  • @Extremestoic23678
    @Extremestoic23678 Před rokem +1

    Made $100,000 paper trading between Feb and March then lost $2,000 for real with positions that were too large, short expirations and no stop losses. Lol! Just writing this to remind myself.

  • @roastman9753
    @roastman9753 Před rokem

    "Patience" is key.
    But good video.

  • @wmbrice
    @wmbrice Před rokem +1

    Well done, thank you!

  • @elmanguilimotan9906
    @elmanguilimotan9906 Před rokem

    Riley, is it advisable to have bigger screens (like yours) so you have an advantage in forex market?

  • @milton112
    @milton112 Před rokem +1

    I limit myself to 4 trades per day win or lose.

  • @ervonHier
    @ervonHier Před rokem +2

    Thank you! You use 15m Support and Residance and 1m Timeframe to entry. What do you mean, if i use 5m to entry, support and Residance in 30m or 1h Timeframe better?

    • @jonny6738
      @jonny6738 Před rokem +4

      The bigger your timeframe when drawing S/R zones, the longer it will take for your smaller time zone to touch those zones. Use larger frames because if not, you’ll draw zones on every sign of s&r but the only important ones lie in the larger frames.

  • @3orcs
    @3orcs Před rokem

    Anyone know what that PRICE indicator he is using called> The one that shows his Profit in large numbers connected to the price chart. SHws in the middle of the screen. I want to see that on my chart. Be much easier to see how I am doing.

  • @xxxnonamexxx5615
    @xxxnonamexxx5615 Před rokem

    Who is your favorite broker for futures?

  • @PaulMatthew-qc5ed
    @PaulMatthew-qc5ed Před rokem

    Which app do you use for the analysis. I don't know which app to use to analyze the chart

  • @facucrif3876
    @facucrif3876 Před rokem

    Good video bro, thanks, i have one question, what broker do you use?

  • @Junem1975
    @Junem1975 Před rokem +1

    Thank you so much sir.

  • @kdub6898
    @kdub6898 Před rokem

    I like your style...subbed

  • @billmakatowicz8603
    @billmakatowicz8603 Před rokem +3

    Hi. Thanks for great videos. Ive been trading a little and researching brokers for 3 weeks now. I still have a hard time picking one. Which one do you use? The problem I run into is either brokers that trade on metatrader platform that looks like windows 3.1, big spreads or brokers that are not ECN broker, so they are just trading against you. Any tip? Also Im in asia, which means not all brokers allow a hook up to tradingview.

    • @ScottHz
      @ScottHz Před rokem +1

      You can trade with NinjaTrader platforma and broker from Asia, they do not trade against you.

    • @bonzaion21
      @bonzaion21 Před rokem

      Have you look at interactive broker?

    • @billmakatowicz8603
      @billmakatowicz8603 Před rokem

      @@bonzaion21 I appreciate the tip. I choose to go with trading day. It is a propietary firm. They let you keep the first 10 000 and then you get 80 pecent of your winnings. As a new in the market it does not make sense to me to risk my own money if I dont have to.

    • @everythingkorea7599
      @everythingkorea7599 Před rokem

      ​@Bill Makatowicz hey man I am also in Asia , can you send me your Instagram, would like to chat to you regarding the broker issue if you don't mind. I am struggling.

  • @johnpike9612
    @johnpike9612 Před rokem +16

    You spelled patience wrong...we're not doctors or nurses 😂 great lesson thats hard to learn. Ive recently switched from swing trading to scalping and its been rough trying to sit on my hands when i feel like im missing opportunities

  • @user-lw3gf2xh3u
    @user-lw3gf2xh3u Před rokem

    Thank God for your videos very helpful.

  • @kai8714
    @kai8714 Před rokem +2

    Words from a legend ❤

  • @TheGreatArchitect777
    @TheGreatArchitect777 Před rokem +2

    You got my like and sub bro. I know exactly what you mean and this knowledge is worth XAUUSD.

  • @amehuleh2337
    @amehuleh2337 Před rokem +1

    Good one

  • @abdulrazaqolatunji7570
    @abdulrazaqolatunji7570 Před rokem +7

    Nice info as always. Please I want to ask do you add more positions to your trades or it's just only one position from the entry to the exit? Thanks.

  • @charlesbosque-hamilton1287

    Do you add to your winning trade?

  • @danmarkfigueras1907
    @danmarkfigueras1907 Před rokem

    These stratedy works in foxer or only in futures?

  • @MagnusBrathen
    @MagnusBrathen Před rokem +2

    Hey, great video👍 What trading platform do you use?

    • @brianfisher3615
      @brianfisher3615 Před rokem +2

      I would like to know this as well

    • @ScottHz
      @ScottHz Před rokem

      It’s NinjaTrader, as mentioned in the description.