Picture this. You're trading in a trending market. You've passed multiple prop firm challenges and you might even have some decent payouts here or there. You upgrade your lifestyle. You go to more luxurious restaurants, you got a new car, you give your partner more expensive gifts. All is going well. Then all of the sudden the market shifts, and it goes into a ranging/corrective cycle. Is your system ready for that? What if its not? All of the above will be gone. You will feel like its taken away from you, but in reality it was never really given to you, it was just borrowed. It shows you how important it is to think on the longer term and to have a robust system that can survive anything the market throws at it. At Falcon all of that is covered. I am grateful to have been a student of Mark's for over 4 years already. I know that when the market shifts I will be ready. Will you?
@@FalconFXTrading you guys are the best, hopefully I'll get to meet with you someday, my trading mindset has changed drastically since i found you guys. Great job Mack 👏
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I joined falcon for a couple of months last year but stopped my membership because I was afraid of switching strategy which was SMC. I’m going all in all falcon now. Nothing against SMC but the adaptability is horrible compared to falcon.
There is something I’m not getting about “letting your winners run” Is it letting your trade run to a certain price point you expect it to reach even if it’s beyond your R:R target, or letting your trades run to your target and not worrying about it going beyond your target? Someone please clarify this for me.
It's letting your winners run to your predetermined TP (take profit), without the fear that price will reverse and stop you out. It's the fear of losing money that makes people jump out of trades before it's able to hit their TP. Watch mark Douglas video on the probability mindset, you should find it on RU-vid Don't forget, you must get a good strategy that you've back tested properly before learning the psychology to stick to it.
Really good video - but can you stop showing trades that people have to hold over things like CPI/FOMC/NFP. Especially on a video about "higher/lower risk" it's a bit counter intuitive as a lot of people would have blown accounts if they held and it turned out to be the wrong direction. EVEN if it was the right direction but their TP gets hit instantly they'd lose it. Just a suggestion, im sure there are plenty of other trades you can show which dont include holding over big news events.
There's always news events in any position. Its just that the one's u mentioned are too volatile hence the big spikes. But u have to understand that news don't change the direction of of structure, they just affect volatility, so what u need to do is be more diligent in your trade management
@@TangoJR_10 not really, there’s only like 3-4 huge news events 😂 idk how a mentor who prioritises risk management can show off trades held through CPI and be like “look you could have made 10%”. If the candle goes the wrong way, even if you have SL at Be you’d still be slipped
I don’t think Mark is advising anybody to trade through news events bro.. It’s pretty clear he’s speaking on the mechanics of how we trade. Not once have I ever heard Mark encourage trading through news events. So if after watching this video, a trader is stupid enough to take this information and trade through high impact news, that their own fault lol. Im failing to see how that is the only thing you extrapolated from this video, besides saying good video..
@@GeorgeT96 Its not about the news. Its about trusting the edge that is provided by your trading strategy. News just creates olatility. If for example you're bullish biased on a pair and there happens to be news on that day, you need to be extra careful with your trade management to accomodate those spikes or get out altogether....... Its about trusting your strategy regardless of news
@@ibbyansari wouldn't be surprised if he is a drawdown trader because Mark was talking about cutting your winners short, not the a particular trade and this guy just flipped it to trade through news.
