How To Start Day Trading As A BEGINNER (2025 Tutorial)

This video offers a comprehensive guide for aspiring day traders, emphasizing a structured approach to building a successful career. It begins by demystifying trading as the interpretation of neutral market data influenced by mass human psychology, stressing that profitability stems from a well-defined strategy rather than consistently being "right." The presenter outlines essential tools like TradingView for charting and analysis, execution platforms, and a trade journal, highlighting the importance of multi-time frame analysis and key technical indicators such as trendlines, Fibonacci retracements, and fair value gaps.

A significant portion of the video is dedicated to trading psychology, positioning it as the most crucial element for success. It educates viewers on managing risk by understanding risk factors and utilizing position size calculators to maintain a fixed risk per trade, regardless of the stop-loss distance. The video emphasizes that losing trades are a calculated part of the process and do not necessitate corrective actions, contrasting this with emotional or revenge trading.

Finally, the guide details a practical method for developing and testing trading strategies. This involves observing market patterns, creating entry criteria, backtesting using bar replay, and paper trading on an exchange with demo funds. The presenter demonstrates a real-time trading scenario, integrating all the discussed concepts to illustrate how a strategy can yield significant profits over time, even with a lower win rate, by focusing on consistent execution and risk management.

• Trading is about interpreting neutral market data and mass human psychology through a defined strategy, not about being consistently right.
• Essential tools include TradingView for charting, an execution platform, and a trade journal.
• Key technical analysis tools: trendlines, Fibonacci retracements (especially the 61.8% golden ratio), and fair value gaps.
• Trading psychology is paramount; risk is managed by setting fixed risk factors (e.g., -1R) and using position size calculators to determine trade quantities.
• Strategy development involves observation, rule creation, backtesting (using bar replay and a journal), and paper trading before live execution.

Trading Foundations and Understanding [00:18]

• Trading is explained as interpreting neutral market data, which represents mass human psychology.
• The data itself is neutral and doesn't care about emotions; traders connect emotion to this data.
• The trader's job is to create rules, trade criteria, and a trading strategy to filter out noise and build a system for profit over time.
• Trading success is not about being right or predicting the market. The speaker's win rate is around 36%, meaning they lose 67% of their trades.
• The focus is on identifying key areas in the market where price is expected to flip, buying with the hope of price moving in the desired direction.
• Successful trades aim to make 5x what is risked.
• This involves reading supply and demand imbalances, not predicting the future.
• The process requires learning math, analysis, strategy, and execution.
• The speaker shares examples of profitable days with profits like $1600, $1300, and $3200 while risking $1000.
• Trust in the process, execution, and analysis is key.
• It's possible to start with less capital and scale.

"Trading has nothing to do with being right or being able to predict the markets." "Once again, trading is really just about looking at neutral data and using this data, using trading strategies to pick key areas in the market where we expect price to flip..." "So, this is not to brag, not to show off. It's simply to show you if you start to understand all of this information, you really don't need to be right all that often. You just need to be able to trust your process, trust your execution, and trust your analysis of the market."