Transcript:

we're goodI wanna talk about why I do notuse hot keys as a stock day trader.And this is a common,I take that back, I don't know if it's common,but it comes up every now and then the comment section.Clay you should use hot keys,Clay why aren't you using hot keys?Clay you're a total newbiewhy are you on YouTube?You don't use hot keystherefore you don't know what you're doing.I always find that jump of logic, a little interestingbut regardless, you know what I figuredI get enough of it where if I could just link peopleto this videoit can kind of save me the hasslemaybe having to type things up,'cause if you're new to the channel, I do replyor I do my best to reply to every single comment.So I'm just try to work as efficiently as possible herebut I don't use hot keysand this is why.And I wanna also preface this all by sayingI'm not saying this is how it's gotta be.I 100% respect youif you disagree with what I'm about to talk about.I understand where you're coming from, and I can understand,I fully realize your angle of things.I'm just saying, this is how it works for me.So this is not a video.So if you're a beginner day traderjust getting started in the stock marketor really any financial market.I'm not saying, hey, this is how it's gotta be.No I'm saying that this is why I don't use it.And if you think that they work better for youthen fantastic.But, and I'm not trying to challenge your intelligencewith this first part.But just to set up a little contextabout how the market works is, you're right here.And right thereis gonna be a thought.You have a thought about a trade or something you wanna do,but in order to implement the thought,in order to put the thought in motionyou need to do what?Well you need to come over hereand you need to hit some sort of button.That could be a buy.That could be a sell.That could be,I mean that button could represent a bunch of things.But the point here being is you have a thoughtbut in order to turn the thought to realityyou need that button.And the big debate.I don't know if it's a debate, but what peopleare getting at, which I understand is this right here.So from thought to, in fact, let me put that reality.So from thought to reality,this is time.Meaning some people say you should be using hot keys,you wanna be able to take that thoughtput into reality, boom, as fast as possible.And I agreein some situations for some people,I 100% agree that that taking the thought to realityboom as fast as possible, it can have many benefits.However, in my caseand what I've just discovered for me personallyis that if I actually slow myself down, it helps me out.Not always, but generally speaking, it helps me out.And I suppose this could all of a sudden changebut I mean, I've been doing, I've been trading forI dunno, since 2006, but on YouTube since 2013.But what I have noticed for me is we have timebut during this time we also have something else going on.So during time up here, we have price movements.So I'll just do this pricegoing up and down, up and down, up and down.And that is why of course, you want to as people would say,you wanna make this as fast as possible.Thought to reality as fast possible,because during this timeprices are going up and down, up and down.Now this is also why it pertains to day traders.If you're a swing trader and you're like,I'm making actions like twice a day, twice a week,maybe your some sort of super long-term swing trader.And you're making things likeyou make a couple of decisions every every month or sothis right here doesn't pertain to you.A swing traderat least not that I'm aware of would ever need hotkeys.So this is definitely the world of day trading,intraday trading, scalping,any of those terms are the same thing.But you just care about thought to reality as fast possible.But for me what I've seen is, and this is just meI suppose it's something I could always get better at.But sometimes my thoughts are not as good as they could bebut because you can do it so fast,because you can put your thought into reality so fast,I would do it and then I'd be like,oh, man if I just would've waited literallya half a second, a secondthat would have really helped me out.But the way I do it now isI'm using my cursor and I'll scroll things around.Sometimes I'll even type out a price that I want in.And yes, it does (indistinct) take a secondmaybe two seconds more, which again I get it.You're like Clay, what is the point of this video?Who cares if it's a second or two seconds morebut I'm telling you in the world of intraday tradingthat can be, I mean think about 1001, 1002.A stock can move quite a bit and through my experience,so for example, let's just say that I get in a stock atand I'm just totally making this up $100.And my thought is okay,I think it's done.When it's at 150.So hot key, boom, you get out at 150.However, if I actually forced myself to be likewell, let me go, let me type in 150by the time I get it typed inand then go and press the button for 150.In many cases that price now at 175, 185,who knows maybe depending on the momentum could even be 101.So in other words, because I acted slowerI actually got more from the trade.I gained more profit.And my tendency is sometimes I'm a littletoo quick with my thoughts.I'm a little too well antsy.I mean, have you ever been there before?Where you get getting in a trade Like okay,yeah, yeah, yeah.And your thoughts, you just get a little too,they're not wrong thoughtsbut maybe they're just a little too ahead of themselves.And because of those hotkeys, they allow you to boom.And then, okay.But like I said, by slowing myself down'cause in my situation, if I'm in a tradeand this is gonna sound cocky and arrogant, I mean it to.But if I'm gonna trade then odds arewhat I think is going to happen most likely will happen.No, not all the time.And nothing's guaranteed.So I don't mean it in a guaranteed way, butonce you get out there, once you learn how to read patternsand understand the markets then,and that's really our job as tradersis to put ourselves in most likely situations.I think that this is most likely to happen.And if you're doing it right then yeahit will most likely happen, not all the timebut most of the time.So because I'm in a most likely situationit actually benefits me to just slow downand let what I think is going to happen happen.And by not using hot keys, it does allow me to slow down.Now the counter argument is also trueand it also has happened to me.Sometimes, I would have been nice to have gotten outbecause that actually costs me a little money.I could have gotten out quicker,because I went a little slower, I ended up losing more moneyor I didn't make as much money as I could have.And that is totally possible.That happens to me.It will always continue to happen.But like I said, generally speakingbecause I'm in most likely situationsjust slowing myself down, helps out quite a bit.And it's one of those things where,I don't even know if I'm doing justice explaining it.I almost wonder if it's something thatyou just kind of have to experience on your own,but that's why I don't use the hot keys.Slowing myself downhelps me slow my thoughts down a little bit.And because I'm in those situationsthat are most likely to happenI just need to, and by slowing myself downit just allows them to happen.And it could only be a couple of seconds difference,but sometimes that second differencecan make quite a bit difference.Or else you're thinking, you get the order typed inand then you look and you're like, oh, okay, wow.One even more my favorite, I'm gonna hold off even more.And then you don't even get outand all of a suddenyou were thinking you wanted to get out 150,which a hot key would have done.But because it takes you time to type in 150and then you looking at the chart and you're thinking,oh wow it's at 101 and looking even stronger.Let me just calm down.Boom. Hey, now it's at 101 25.So in that situationthat's what I mean,it helps me that much more by just slowing down.I don't say, and I started the video.I'm gonna end the video.Again, I'm not saying this is how you have to do it.I'm not saying people that use hot keys are stupid.I'm not saying hot keys are bad.I'm not saying that in the least.I'm just saying for mehot keys almost make me too fast, if that even makes sense.But I like to operate a tad bit slowerand there are pros and cons like I saidbut this is why I don't use hot keys.So I mean, let me know in the comment section below,do you use hot keys?Do you not use them?What are your thoughts?I understand like Clayyou're stupid for not using them.Hey, I respect your opinion.But like I said, just from me and my experienceit just works out better for me this way.And I suppose never say neverwho knows maybe someday I'll get back into use of hot keys.I don't know.I've learned to never close any windows fully here but,as of now, I'm happy with this approach to the marketsbut this is why I do it.So if you enjoyed the video, if you want me to make moreof these kinds of explanation type videos.I don't know, ask me any questions that you havedown below that I could maybe do a video on this,and I'm more than happy to do that.But let me know in the comment sectionand then also check out the channel as a whole.You'll see this, everything I talked about here implemented.There's one of my playlist hasI don't know, 350 videos of just live trade videosmaybe even more I don't know I've lost count,but you'll see exactly what I'm talking about herein those videos.You'll see sometimes whereby not using hot keysit helps make me more money.And other situations you can easily argue oh Clay,you would have made moreor you actually lost because of that.And that happens too.But you'll see exactly what I'm talking about herein a real-world setting with all those live chat videos.So check those outand then hopefully decide to hit that subscribe buttonas I would love to have you as a subscriber to the channel.First off, thanks so much for watching the entire video.Real quick before you go,I wanna invite you to a live webinar,web class, training workshop, online event,whatever you wanna call it.But it will be me live revealing to youwhat I discovered that has allowed me to transform myselffrom being an employee, to being my own boss.Including how I had only one losing dayout of 73 days in total,I'm gonna cover three keys that have helped meunlock profitable consistency within the markets.The first key is super weirdbut in a productive type of way.The second key is super awesomebecause it quite literally is wired into our DNA as humansmaking it very easy to use, but in a cruel waythis becomes a pitfall for many traders.I'll explain it all thoughincluding how to avoid the pitfall that it creates for some.And yeah, the third key when you hear itsounds way too good to be true, but it's not.And I'll show you how it all works.Then at the end I open it upfor a question and answer sessionthat is again, totally live.Even if you can't make the live sessionplease still sign up as it will be recorded.And you can go back and watch the replaythat I will send you.Click the image on the screenor click the link down in the description box.So you can get the date and time and claim your spot.Which I should note is limited due to the fact thatthis truly is a live event.If you have any questions, let me know.If not, I'll be seeing you soon.