Love how you simplify the concept so that even a layman in trading understands it. The mental aspect of getting used to the added 000 is my biggest takeaway, this helps one not to jeopardize themselves.
This is the #1 reason why I love trading: no time increment! Truly a freedom-first business once you finally become consistent. On the challenge, wouldn't you also have to "achieve" a small number of max losses in a row?
@@berndskorupinski ofc, I'll try 😅 I'll have to make sure that in the strategy's worst period I never lose more than 10%.... might not be 10 losses in a row but maybe 6 losses followed by 2 wins and then another losing streak and I'm out 🫣 (sorry not good at math on the fly but hopefully the concept is clearer)
@@el--le ok now I get it 😂. Yes so generally speaking you re right. You have to build a buffer obviously. If you start off with your account and have 8 losers in a row, well then you are fu**** 😂. But let’s be serious, I would question any strategy who has a losing streak like this. 3-4 losers ok. But everything beyond 5-6 losers in a row I would challenge the robustness of the strategy.
DEAR SIR . I have a suggestion please make a short movie on trading . How you started the trading . What were the difficulties you faced . How people treated before and after . This is my belief you gonna break the records of youtube industry. ❤ love from kashmir
Journaled about my overtrading yesterday, this video showed up the day after, thanks Bernd. Trading plan is a game changer but the discipline to stick to it is tough. Nevertheless, that’s y we journal
The approach can be applied to your personal account with any number as well. Doesn’t have to be a prop trading account. And thank you for the comment! Happy and safe trading 💪
@Bernd Skorupinski yes absolutely but for most people and the average trader its not practical on a small account. It mostly applies to 100k+ funded accounts to make realistic money you can live off
@Bernd Skorupinski don't get me wrong though you are absolutely correct and this is true professional trading. It takes extreme discipline to show up to the market 80 times and take only 8-10 trades
@@DavidNovaa true. But that’s why prop firms are brilliant. Now even the “average trader” can trade a life changing account and really make an impact with the profits they make.
@@DavidNovaa and that must be the goal. To pass a prop trading evaluation. Doesn’t have to be FTMO. Can be any other credible prop firm. And you can start even smaller. Doesn’t have to be 100k or 50k…can be as small as 10/15k.
one thing I do not clearly understand . as a swing trader how it is possible to put a certain defined risk into the trading strategies ? I mean , many times markets open with a gap up or down so you can not be sure in certainty that how much you will lose or gain in advance.
Great video great mentor Bernd, do you think smart money concepts are realistic and can be applied to markets and make money with them? Or are they just another shadow made by media? Everytime I compare your approach to these, I find them more unrealistic
I trade Supply and Demand. For me this has nothing to do with Smart Money Concepts…with REAL supply and demand you can make money yes. With smart money whatever I don’t know 🤷🏼♂️. And no for everyone who reads this REAL supply and demand IS NOT smart money concepts!
Hi Bernd, I would like to get into this Profession of Trading. Can you inform me the steps, books and courses I should be taking to achieve this. Since you already have a decade of Experience and are a very Successful Trader, I know i am asking a well seasoned Trader for advice.
Summary of How to make 100k? 1 be a consistent trader. Risk 1% per trade Go for 1 risk to 2 reward ratio win rate : 40 % instrument : Fx/ Cfd 2 pass 50k prop firm, then 100k, then 200k How to be consistent? be black and white rule based. Conclusion : * You need a trading system that has an edge in the market. how? figure it our your self * You need skills and more capital to make more money. Using FTMO's equity simulator and above statistical edge, a 500k account will become 599k on average after 100 trades. Question, how many trades are you going to take each month, how many months to reach 100 trades * how much will you spend to acquire that skills?
The amount of trades doesn’t matter! Quality over quantity! Skill is individual. Everyone has a different learning curve. Everything else I almost agree on 🤝
Hi Bernd. I was just reading the training program on your website. There is a part 3 called "Campus Fund Manager". What does it mean? That we could work for your investment fund (directly/smart working)? Or is it a fund manager career path training course? Thanks!
@@berndskorupinski Thanks for the quick replay! Can we trade from home, like a remote prop firm like FTMO? Is office presence required? Thanks again :)
Can course fees be paid via PayPal please? In addition if a choose to have a mentor what exactly is covered and will it be Bernd? Can i also choose for a mentorship later on if required?
Sorry for the inconvenience caused. But you posted it under my RU-vid video doesn’t help anyone. I don’t have your name nor your email to follow up with my team. I am deeply sorry for the inconvenience but this doesn’t help us nor you to resolve it. Please contact me on my Instagram account or write an email to hello at onlinetradingcampus dot com
