The Humbled Trader (Shay) is a day trader and YouTube personality who teaches people how to trade stocks. The petite Canadian/Taiwanese has a straightforward, no BS approach to day trading and offers unbiased advice to those new to the industry. Her approach is refreshing in such a dishonest industry. She despises those flashy traders, portraying a fake lifestyle purely to sell courses to beginners.
Background
She previously worked as a visual effects artist and designer. Through a combination of strong creative skills and technical ability Shay has worked on some well known movies. While working she developed a strong interest in trading and eventually quit her day job to become a full-time trader. As of 2020 Humbled Trader has a net worth of $400,000 and based on income generated from YouTube ad revenue and products, it won’t be long until she’s a millionaire.
YouTube
The growth of Humbled Traders YouTube channel has skyrocketed over the last six months. Like a lot of other channels on the platform, it really took off during the COVID-19 pandemic. People locked inside tend to turn to YouTube to pass the time when they’re sick of binge watching Netflix. Beginner traders in particular seem to really enjoy the tutorial videos and her personality. The production quality of the videos are top-notch and it’s clear she has a team behind the scenes to help build the channel. Since raising money around January 2020, it’s allowed her to produce higher budget videos like ‘A Day in the Life of a Millennial Day Trader’ which has done nearly 3 million views.
Trading Strategy
Shay doesn’t believe in following trading patterns, she focuses mainly on price action. Patterns are the all candlesticks after they have formed in hindsight while price action are how the candles form in real time. Her current favourite setup is parabolic daily charts. Overall Shay is more of a long-biased trader, profiting from dip buying penny stock, mid-cap and large cap stocks. Stocks are her favourite asset class and stays away from trading forex, cryptocurrencies and options. It makes sense to stick with stocks and avoid distractions like crypto even though it’s a hot market.
Trading Tools
1. Trade Ideas
Trade Ideas is an excellent stock scanning tool that is literally the first thing Shay opens every morning when she gets to her computer. It has a very extensive pre-market gap scanner and contains a lot of options to customize based around your strategy.
2. Benzinga Pro
If you took a drink every time Benzinga Pro is mentioned in a video it wouldn’t be long until you’re a raging alcoholic. Benzinga Pro is a market news and research tool built for traders to quickly find all the headlines for a certain stock. The keyword search function in the news feed is a very useful feature.
3. Briefing
Briefing.com is another premium subscription research for news and fundamental research. Great for reading earnings reports for large cap stocks and details about conference calls.
4. DAS Trader Pro
DAS Trading Pro is the trading platform Shay uses, they are an industry leader in direct market access and provide fast trade executions. When it comes to day trading speed matters!
Recommended Brokers
- Thinkorswim is her favourite stock broker at the moment most likely because they included Benzinga Pro’s Squawk Box for free.
- Interactive Brokers is another solid broker, not really for beginners but you can connect your account with Das Trading Pro and use their trading platform.
- Webull – not recommended for day trading but it’s okay if you’re buying and holding stocks for a longer time period. The key difference between Robinhood is that Webull has more to offer to intermediate and advanced traders when it comes to their tools and analysis capabilities.
Free Weekly Watchlist
Shay sends out a free weekly watchlist to those who sign up for her newsletter. Everyday Sunday she emails out 3-5 tickers to watch during the coming week with detailed analysis and expected price levels. Stocks featured typically range from penny stocks to mid cap stocks. Below is a sample of a watchlist.
James Kelly is my name and penny stocks are my game! Former day trader turned long-term investor with a decade of experience in the market. Over the years, I’ve joined dozens of trading services and I aim to provide honest reviews to help traders make better decisions!
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