About this video

• Video Title: How To Start Day Trading As A BEGINNER (2025 Tutorial)
• Channel: Craig Percoco
• Speakers: Craig Percoco
• Duration: 00:26:39

Overview

This video provides a comprehensive tutorial for beginners looking to start day trading. It covers foundational trading concepts, essential tools and software, trading psychology, mathematical principles, technical analysis techniques (including trends, Fibonacci retracements, and fair value gaps), building and testing trading strategies, and executing trades. The goal is to equip viewers with a clear path to begin their day trading careers.

Key takeaways

• Trading Foundations: Markets are neutral data reflecting mass human psychology. Traders' role is to filter this data through rules and strategies to build a profit-generating machine, rather than focusing on being "right."
• Essential Tools: Key software includes TradingView for charting and analysis, a platform for executing trades (like Bybit or TOP), and a trade journal for logging data.
• Technical Analysis Tools: The video introduces trend lines, Fibonacci retracements, and fair value gaps as crucial tools for identifying potential high-probability trading zones and predicting price movements.
• Trading Psychology is Crucial: Mastering trading psychology is presented as the most important element for success, emphasizing that being wrong on a trade doesn't make it a bad trade if risk is managed properly.
• Building a Trading Strategy: The process involves observing patterns, creating entry criteria (rules), testing the strategy in a simulated environment using metrics like win rate and average win/loss, and then paper trading before using real capital.
• Risk Management: Understanding and consistently applying risk management, specifically maintaining a uniform risk factor per trade, is vital for long-term profitability, even with a low win rate.
• Leverage in Trading: While leverage can reduce the initial capital needed, it's important to use it cautiously as fees are calculated on the total position size.

Maintaining a uniform risk factor for every trade is crucial because it ensures that losses are contained and predictable. This allows traders to remain profitable over time, even with a low win rate, by ensuring that potential gains on winning trades significantly outweigh the losses on losing trades. It prevents emotional decision-making, like revenge trading, where traders might increase their risk after a loss, which can lead to significant account depletion.

The speaker recommends the following three essential tools for day trading:

1. TradingView: For charting and analysis.
2. Trading Platform: A platform to execute trades (examples given are Bybit or Buybit for crypto, and Top for stocks/futures).
3. Trade Journal: To input and track trading data.