I have been a trader for over thirty years and this is some of the BEST advice I have come across. Newbies should watch this 100 times and memorize it! Thank you!
Im just ending my first year at a 27% loss, though ive ended November and december at around 10% profit so im going to say im out of a lot of these mistakes and have something working for me now. If you could start again, as in youre a new trader, what would you do differently? (Of course im assuming youre profitable if youve done it for over 30 years)
@jackc1196 I was just curious I been trading for over a year, and everybody I follow seem to have started around 2015. I was wondering what we can expect in a market like the current, just looking for some advice from someone who experienced in these times
@@jeremybachan5916 I think 2023 will be an epic opportunity for traders. I trade ONLY SP500 futures (ES) due to liquidity, almost 24/7 trading and diversity. So trends are easy to see. We are in a bear market and probably will be for months, so there will be lots of opportunities on the short side and some terrific long opportunities as it bounces it's way down. I think we can all make tons of money this year. Follow the suggestions on this channel. They are excellent.
@@jeremybachan5916 Also, watch "99% Of Scalpers Missed This “Double VWAP” Hack (VWAP Heiken Ashi Trading Strategy)". I use a VERY similar model and it works perfectly - my winning trades are 80% and I do 3-5 per day and stop trading. Rinse and repeat. Do the same thing every day (that makes money) and as your account grows scale up the amount you trade. Listen carefully to his video and pause and study what he is saying.
"once you are in a losing trade ,your brain starts looking for the reasons to avoid the negative feedback from closing out a losing position." This Really Hit Me ,And a Great Lesson Learnt .
I am a relative newcomer to the markets, and I’ve come to believe that nothing beats aid from an active seasoned trader who provides you with good entry and exit points and properly manages risk on your behalf as well.
Certain kind of intelligence and proper backtested strategies is required to succeed at this. And I've accepted that I'm not one of the profitable ones. Trading is inherently risky and complicated
You are looking at investing from the wrong perspective. Here is a question: would you try to beat a pro baseball team as a newbie? You can't beat the pros in the exchange market for the same reasons. They have the knowledge, the experience AND insanely deep pockets; you do not.
Got into the markets, 7 months ago and I’ve been able to increase my net-worth by an order of magnitude, thanks to an active 7-figure veteran trader and risk analyst, his techniques and analysis secure me consistent passive income in the markets while I pursue my passion. Good man! ^_^
14minute squad! great content primarily but for me the biggest lesson of 2022 in the stock space: Nobody knows what is going to happen next, so practice some humility and follow a strategy with a long term edge.
Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.
@@garybutler7877 < I believe the word here is Uncertainty... it took me 5 years to stop trying to predict what bout to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline
Trading for over 20 years and still learning. Great video full of knowledge. The temptation to trade when there is not a trade was my nemeses in the beginning. Always know your stops and preset them, especially on the closing side. If not greed/emotions will get you every time. Keep the great videos coming.
I bet people hate hearing that it will take 6-12 months to be successful trading, but in reality 6 months is absolutely incredible. People go to school for 4-10 years...
even open a physical business, one day without enough customers, we are losing money on staff wages, electricity, water, and maintenance. if not ready for losses, then you better be an employee and receive a monthly salary until you retire. this is a total mindset change.
This channel provides the best clues for beginners. I have been watching your videos and I am buffled by the quality of the editing and the illustrations as well. I particularly enjoyed your comment about being a logical person... I am like that and it is some times very hard for me when I can't seem to find an answer to a move in the asset I am trading.. In any case, very good video. Keep up buddy !
Man I really appreciate you. When I watch these impactful vids I feel like you are talking solely to me as opposed to an audience. Thank you for helping me become a better trader quickly!
Every every every man on the earth should see this video... Not only listen, but mark each of advice and lay on desk... Repeat DAILY! Its like 600 pages book in few minutes... Thanks a lot
Golden information rarely mentioned by other traders. Much needed video to start the new year right. As a rational person, the last point really hits me. Looking forward to more gems like this in the future!
I have been trading for years and have seen so many "experts" tell us how their trading course is the answer. This truly is the best I have ever seen. Also the best channel.
Take your profits. You can always re enter. I prefer to increase my account balance which ultimately increases your margin capabilities. If you see a strong momentum in you trade direction use a trailing stop to lock in your profit. Peace of mind is key. I rather trade 25 trades taking smaller points then looking for the big. hit unless it's really spparent your trade is going to fly. Yes. Know your market. I only trade one. US30. You create a feeling for it. I know guys that have several positions in different markets. That's dangerous in my opinion
This came just at the right time. Ive been paper trading for 6 months and want to make the leap To real money. I feel confident but nervous at the same time. Thank you so much for your insight
Wow such a key video for us on the start of the year ! Happy New Year and lets catch some happy pips and may our goals will be reached by learning and discipline for 2023 Lets go ✌🏽❤️
Phenomenal. Always the best trading advice. More videos like this please. Perhaps examples of trading patterns and how you interpret the psychology behind some classic patterns. Much like your 'trapped traders' advice videos, which have revolutionized my personal trading strategy. Thank you! Advice on when to take profit, and when to just lower your stop loss into profits in hopes of a continued trend. In the long run does it make you anymore successful than a consistent take profit at an earlier exit? such as always taking profit when a trade is up at 25% or 50% and so at times winning with a long wick, and other times watching the market continue in a direction after you are already out of the trade. 🙏
People are inherently emotional and this affects their relationship with money. New traders find it difficult to sever this relationship and make logical trading decisions. As was pointed out in this video, it's the wishful thinking, and not sound money management, that keeps traders in losing trades while watching their account balance evaporate! Thanks for another wonderful video.
Same comment as Jake C although I'm a rookie compared to him, these advices are gold in bars. It was a good reminder to watch them again so thank you very much 🙏 Stay humble in win as in defeat, and backtest moar if needed 😎🔥💪
For those people who is fear of losing money, take note that thing will leave you anyway because it's not for you to keep, it never was yours. Its just your turn to spend
As you mentioned , "Intuition" takes time to develop . Until then , it's just "In to wishing" . I'm paraphrasing a quote form Ed Seykotas interview with Jack D Schwager , author of Market Wizards .
As always one of the best content when it comes to Forex. Proud to have you as a co national and with such a valuable educational. Hopefully you're reaching 1 mil subscribers very soon. La multi ani!!
Ok I'm 6 mins into the video. I have a hard time trust supply and demand zones. I don't even know how one determines them. I don't have access to "Bookmaps". I just rely on my MACD indicator and I exit right before my signal switches on me and take my small 10-30 percent. Now my biggest angst is not knowing how far price can extend. I rarely ever see myself daytrading and holding a position to 100%. Least it's on a day on the daily at a key point of resistance or support. Where can I learn solid information on this that's lucid. SMB traders isn't cutting it when it comes to concise well spoken explanations.
I will learn as much as i can and surely defeat my fear emotions one day by being a successful trader. Thank you sir for providing great content all time.
Hello I am new to your channel and have watched four or five of your videos. I am considering joining your academy and have a couple of questions. Is the course the essence, the foundation of the knowledge that you share in your you tube videos? Will the course teach me a systematic approach to trading as opposed to a discretionary approach? Thank you for your time. Great content
If your execution sucks...it lacks... haha! Had to go back and see if the audio matched your annotations. Thanks for the insights! I had no fear of the risk 2 years ago.. had no more to put in... now I'm just waiting for extra funds to bail out... while our gov't "builds back"... is this better? Or just different.....🤔
