I needed this video... I've notice my main problem is trading too much. Other day I was up $500 after 3 trades in a 30 min period, then got cocky, took another trade and ended up loosing 300 of the 500.
To build up your mental capital: 1. Keep away from people with negative views on trading. 2. Believe in your back tested trading system. 3. Get enough sleep. 4. Have a clear mind. 5. Only eat a light breakfast. 6. Stop making the same mistakes. 8. Trading requires time to learn. 9. Don't be cocky - overconfident on a trade. 10. Be sure strategy works - accept losing trades. 11. Have a daily loss limit - when limit hits stop trading. 12. Don't trade all day (overtrading) - even one successful trade can make your day. 13. Don't risk too much. 14. It's okay not to trade when there's no high quality set up. 15. Be very specific with your set up - know when to enter and exit, levels, time frame, time of day when to trade. Eliminate doubts 16. Don't do it by yourself - get a teacher and learn. 17. Don't beat yourself up - keep doing the right thing to get over the learning curve.
I’ve been trading since Dec. 2019…still practicing and studying! Focusing on the charts used to be a problem for me. The solution was to set an alarm every 5 minutes, for a couple hours in the morning, since I’ve been using the 5 minute chart. That way I can take breaks and not worry, my phone alerts me! Great videos you have for beginners on here!
@@Jacked2theTs A lot of noobs are trading from their cell phone, he mentioned alerting his cell phone, aka why I think he's trading on his phone like a lot of new people do.
When I hear the yes yes yes I'm just waiting for Run DMC to bust out(I'm a 80's kid). Everything your telling people is golden nuggets of info. Never tell a nontrader you daytrade, keep it in the closet.(until your making Lambo money) I don't even discuss it with my wife. In RL I don't know any traders locally to talk with. I think a lot of us from all different walks of life have that drive to be a trader & it's hard to fit that in with people. Having a mentor like Ben etc. to help guide you on your journey & getting educated will make you more money than just losing it to bad trades.There's a reason for centuries apprenticeships & internships was the best way of learning.
Hey brother , your videos are full of great info Ben ! I have been watching you for the past couple weeks a couple hrs everyday and I have really been learning so much it is really starting to stick ,and I am going to start putting your teaching on supply & demand to work this week ! Thank you so much for all the hours you put in for all us traders to become better traders ! much love and God bless Ben!
I've been watching your videos for one month , I'm changing because of you. I got obsessed of you. I write down everything you mention in your videos; it works man. Thank you sir, keep doing that plzz
Thanks a lot for this video man ! I am just here to tell people how risk management is important in trading. Focus on managing your money instead of learning all indicators on the planet. Learn where and why you should put stop loss. Learn how to exit a trade cuz why exiting a trade if this trade can do more profits ? You also need to understand why the market is moving. Learn about volume and market makers. I hope you will succeed and I am praying for all people who want to quit their job to be a trader.
The competition is on and every trader wants to be the best and successful but the truth is not everyone can be successful in trading. But I stand to say Crypto-currency and Stock- Bitcoin trade - Forex trading and Binary options.
#16 Don't do it all by yourself. Since buying your course I am making progress in several areas. I am finding better potential trades and identifying exact setups for trade entries. I am also making better decisions when exiting trades. Overall, I feel like your course is filling gaps in my general trading perspective. It's showing in my average win per trade. Thank you.
thanks for this Ben. made a big mistake last week and been beatin myself up and taxing my mental capital. this video really put things in perspective to get back on the right track. keep up the good work.
Great video! Love that you also talk about mental capital on your channel because it is a big part of trading that few channels talk about because (according to me) it is not as much clickbait as a "simple" way to make money with all sorts of indicators! Great job!
Thank you so much !! For me I meditate and the stress goes down with little emotional and stick to the plan with strategies too !! And no phone at all cause the concentration is full attention with intention to follow the plan
Hey been watching your video's for a few months now, I took Thomas Kralow's course, and both of you are very similar. From what i understand you and him both learned from a wall street guy. I am still in paper trading, getting ready to jump into real money with small amount, been show consistent wins for a little while, learned the levels are extremely important, as the range too. Both of you are very similar in your thought patterns. Please keep them coming.
Man,! I when I saw that intro with those hand it keeps me watching till the end of this video... US30 still the best trade of all time ... I'm not trading if there's no supply and demand 😅 nor supply or demand only.... Always hang out with Ben, always in positivity, love from HK Ben
i failed now a few times to grow my small account.. so i searched for some tips on youtube and found your channel. really good videos man! greetz from germany
This was beyond invaluable!!! Thank you so much for sharing your wisdom! I'm a complete newbie...haven't placed 1 trade. I ran across this off of just trying to educate myself on trading. I cannot tell you enough how timely this whole thing was for me!!!! Thank you!!!
Man I just did me my first trade lost 100 but got 300 back in one day because of u bro u explain trade info to the point where u don’t gotta ask questions u have the answer already bro I’m out the matrix
My biggest mistake always is to trade at a wrong level on the charts. buy at hight point or sell at the lowest point. my charts are so much cluttered with the trendlines. that is the reason behind. We as a trader, trading since 8 years. mistakes happens so often. i find my best way to avoid that mistakes to take screenshots of every trade. it helps me to improve my trading skills. thanks BEN.
Successful people don't become that way overnight. Most people you see as glance wealth, a great career, purpose is the result of hard work and hustle over time. I pray anyone who reads this will be successful in life
I just wanna say i love your work. I live in Thailand and found your channel on may homepage last year. I've been following you since. Your videos help me a lot in my trading both stategiclly and mentally. Cheers.
My mental capital is very low. It would help if I didn't lose most of the time. When I do profit my loses are more. I'm going through your course which is great. You talk a lot about key areas, but I haven't a clue what I'm looking for or how to identify them. I tried using the indicator a couple days and price action was either way above or below the zones that the indicator marked. Not sure what I'm missing, I'm going to watch the videos in the course again this weekend. I hope I can stop this cycle of struggling soon, it's very discouraging. Have a good weekend, Ben.
Getting enough sleep is huge. Here on the West Coast The Market opens at 6:30 in the morning. A lot of my mistakes or failures to take trades is because I'm in a mental fog having not slept enough
Thank you for content , I am new to trading and I am only starting with 2500 hopefully things will work out for me !! Learning a lot from your videos thank you
bro can you make a live video soon? your live videos are very useful, it's very clear how you think and when you decide to make a move. we have a lot to learn from you
They say that Trading is sit down and trade ! No no it’s a mental capital with patience process making less mistakes trading less stick to your plan and be focus !! Yes yes yes 😎😎🙏🙏👍👍👏🏻
Hey brother, I enjoy your content. My question is what was it that made you decide to scalp as opposed to intra day. Sad to say I’m really close to quitting
I'm one of his students. He has a course, and I would recommend it, but you don't have to. He mainly sticks to his intraday plan...Rarely does he scalp. He/we have an art to getting in and out of trades though.
@@anthonydeleon5104 yes 100%, but I also am in his master course. It's $70 bucks a month. You have to be a student first..."buy the course." He does specials where he will discount the course, so you can wait for one of those. He announces them on his free telegram. He's so cheap compared to other professionals, because he actually cares.
Hello bro, thank you so much for the content🙏, I have a question please, what do you think about companies like uprofit trader, leelo, tickticktrader, since i am from Morocco i don’t have the right to open an account it’s against our country rules ( so these companies are the soluction for us ) what’s your opinion and plan if you were in my place? Thanks bro
