Why Do We Day Trade

Why Do We Day Trade?

Why Do We Day Trade?

00:00:05 Why do we day trade … I want to share with you so you can understand your why it’s very difficult to move forward in your day trading business …

YouTube Video: Why Do We Day Trade?

 

Commentary from Video and TimeStamps:
Why Do We Day Trade?

So I am opening up my heart and soul here with you today.

00:01:15 Now, Jim Rohn used to tell a story when he was living about the 10 most hateful people in the world…

00:02:15 I have my share of haters here on the internet, but I would be more concerned if my Mother hated me than …

00:02:42 Why I got started in day trading … (my story).

00:03:25 The cycle of abuse would stop with me …

00:04:50 Learning disability and our educational system …

00:05:05 Why do I tell you all this … about my life and story. Because it surrounds my why I day trade for a living.

00:05:30 My dad’s red 57 Chevy story …

00:07:00 The elimination of the middle class in the world … we have become more of the have nots vs the haves in society.

00:08:30 Stand still so I can beat you son …

00:09:25 Crazy about this my 20s story of finally physically standing up to my dad story …

00:11:00 Understand where you are coming from … Why do I day trade? Believe me, I am getting to it. Trust me on this!

00:12:30 The crazy thing about the Dad saying he respected me for standing up for myself … are you serious? Are you serious? As another YouTuber I like to listen to says at the start of every video here on youtube: https://www.youtube.com/watch?v=WTQaPjo8Wjg

00:13:40 The cycle of madness stops with me … restated another way here.

00:14:25 Why I tood Karate in my life … not the best idea I have had in my life, but it served a very important place in my life at the time to be able to focus my energy and hate into something other than my dad…

00:16:00 I go on to college … you have to do it my way son story…

00:16:45 Type A Personality Types in the world and how they effect my breathing…

00:17:25 What makes me tick as a trader … from the experience of my way or the highway in my own life.

00:18:30 I start working for my dad …yep, I did it for a reason…

00:19:00 I was in real estate for most of my life as well as into trading. In fact, I was a building manager over 200 plus students in the city of Pittsburgh at one time in my life.

00:20:20 I graduate with a degree from Duquesne University in Pittsburgh, PA.

00:21:50 But, I had made my bed now I have to lie in it story…

00:22:50 It was like trying to put a square peg into a round hole with me. In other words, taking my creativity and imagination from me and trying his best to beat it out of me.

00:23:40 I hate to even balance my checking account …

00:24:10 The gap from day trading in the past was at least 10 to 20 seconds to today where you are filled in milliseconds.

00:25:10 Speed and execution of day trading over the years…

00:26:05 FInally, we have the environment that we can day trade now through the desktop…

00:26:50 Why Do We Day Trade? I never have worked well with others … there is always a Type A Personality type in every company I have worked for in my past.

00:28:00 Why I don’t work well with others…

00:28:20 To my Dad’s credit after he retired finally he mellowed out during his last 5 years of his life…sure wish I had more time with that person.

00:29:30 Be a better Dad to my own kids…

00:30:00 I don’t have the man to work for … my car salesman and insurance selling days…

00:32:00 Dude, that is really making the money…my revelation selling the picks and shovels of others.

00:32:30 Mindset of the Independent Spirit of a trader…

00:33:00 Anybody can make it as a trader…the 10% that make it share this in common.

00:33:40 Think & Grow Rich from Napoleon Hill and the Napoleon Hill Foundation: http://www.naphill.org/

00:34:15 I am the Black Sheep of my family…and I know how to live with a lot and how to live with a little…but I like to live with a lot a lot more! (grin): http://biblehub.com/philippians/4-12.htm

00:35:20 Find your passion about what you like to do. Mine is to be a trader. I love to see other people succeed in trading and as traders and day trading.

00:35:50 Find your PATH as FranK Kern likes to say. What is your Atlas person that lives inside of you? Your superman? https://frankkern.com/kern-inner-circle/ (By the way, if you decide to go into Frank’s training shoot me an email to get a discount code.)

00:36:20 Cut your losses short…let your profits run…take profits on the ride. Be that Super Person you are looking to become as a trader.

00:36:50 I am a trader and I will succeed mentality it takes…

00:37:20 Bible Mark 11:20-26 Faith to move a mountain story: https://www.biblegateway.com/passage/?search=Mark+11%3A20-26

00:38:10 What is the Power of the Prayer Formula?

00:38:45 Think& Grow Rich from Napoleon Hill the most influential book I have ever read in my life from the self-development genre. https://www.amazon.com/Think-Grow-Rich-21st-Century-Revised/

00:40:30 Why Do We Day Trade? You have to come to an understanding…

00:41:10 In the TopStep Trader (TST)…

00:42:00 VTS Concept I teach called Volume Tick Study…

00:42:20 CTS Futures T4 Platform: https://123daytrade.com/cts-futures-t4

00:43:00 Teach and train other using only the CTS Futures T4 platfrom…in other words… apples to apples story; instead of, the apples to oranges…

00:43:40 Starting my new trading year…

00:44:40 Why I take time off to recharge the batteries every year as a day trader in the crude oil futures market.

00:45:25 What doesn’t kill us…only makes us stronger story.

00:46:00 The Boy Plunger book about Jesse Livermore I highly recommend that every trader should read: https://www.amazon.com/Jesse-Livermore-Plunger-America-Short

00:46:50 How day traders and traders have the boom and bust mentality or the feast and famine sequence … some people call it the self-destruct and self-sabotage personality traits.

00:47:20 Futures day trading is a very specific niche, but I am even further subdivided into the Crude Oil Futures Day Trading Market.

00:47:50 How to become good and why you should become good at only ONE THING: https://123daytrade.com/one

00:48:20 How to get where you want to go in life … in other words … name that tune.
Good Trading,

David M. Knight
TradeCraze

P.S. What is Your Why? Why Do YOU Day Trade … What is YOUR One Thing!

 

About The Author

David M. Knight

I am a 30 Year Futures and Commodities Trading Veteran. In addition, I enjoy games of skill and chance like: poker, craps, blackjack and roulette. During my professional career, I have developed and implemented successful trading strategies and methods; along with winning systems in games of skill and chance. Join with me on our mutual journey together.