The irony is no matter how genius omar may sound, A beginner will never understand a single word of what he is saying. Until he looses a few thousand $
hes actually completely wrong. there isnt such thing as buyers and sellers, the market is an algorithm based on premuim and discount, where liquidity lays is where price goes. he doesnt know nothing
some people are naturally better tho? u got to admit that! some guy on a subreddit showed proof he made 1 million in his first 2 years ...! there are so many people like that too @@razam2849
The dumbest thing about many traders is thinking that they figured out, trading is based on probabilities, we don’t know where the market is going, this is why risk management and psychology are important factors
The dumbest thing you mention is the fact that things can be predicted off of quant analysis consistently which is total bullshit. You need to constantly adapt time to time over years and months. The biggest leading options trading algorithm failed to predict the 2008 crash and that will eventually be you and your reliance. What he means by fundamentals is a basic understand of FINANCE not fcking scam based algorithms. I learned from a mentor who won math competitions on the national and university level, then became head of capital markets at CITI, BAC and many other major fin institutions. His best book outlines why your strategy is intrinsically dogshit. It’s called the art and science of business complexity. Search it up.
This is the most important. Every price change has emotion behind it, either algo or discretion, a person is behind the program, or a person is executing an order. And the person will behave emotionally.
The very first thing one must do is understand your self. Understand your inner state of being, what are your feelings impulses. If you are desperate or very eager to make money quick or you have a kind of desperation to make wealth then this needs to be neautralised. If you have a fear or anxiety to have a loss then this is very bad. You must be in a total state of calm almost a neutral state. You must come to the market with no expectations at all, so you have no expectation to make a certain amount of money also you must not come to market with a feeling of anxiety that you might lose some money. You need to come to the market with a feeling of " lets see what the day brings". You must also be ok if you don't make any thing and also fine with making a certain amount of loss, you must also be fine and ok with even making a small amount. If you have a big profitable day you must be in such a state that you naturally forget later in the day how much you made or have any need to be overly happy that you need to tell others what a profitable day you had. I can not teach you how to get to this state. You can not even pretend to be in this state.
I agree man it’s all about you vs you. Trading is a mental game full of emotions it’s like no other course you could really lose everything if you come in with that “gambling get rich quick mindset” YOU WILL GET HUMBLED! And it’s ok we all do you must learn from this. Next, It’s yo mindset thoughts habits character what you do everyday besides trading will show on the charts it’s a reflection of yourself literally trading comes from yo mindset how you think and do! It’s the discipline patients risk management and consistency that separates you from the rest of these traders. Understanding yo self is key don’t cope know how to take losses and be wrong learn from it man! just be real discipline to yo trading rules remember you can always adjust and you’ll start to see success trust the process if you really want this shit and know how trading really works got the right knowledge experience strategy discipline. You gon be successful mark my words you don’t even gotta pray hope this shit works out, the work discipline is already done. 2024 I will become a multi millionaire no doubt. I already conquered my demons myself. I’m comin😤BELIEVE ME AND TO ALL THOSE WHO WANNA COME WITH REMEMBER THIS MESSAGE
Any advice bro ? I have experience 2 years ago recently got back into I want to get into options trading any advice I’ve watched videos Ik the basic code names etc what to look for but maybe a story of the first time you probably traded an option bro ? And maybe some tips I’m genuinely asking man I’m 19 years old I’m making money bro working but I’m really Just trying to really apply myself here
@@todoparadios1251if you want to get into options trading I’d suggest reading about the black scholes model, the Greeks, and Implied volatility. This will help you gain a basic understanding of what everything does and how options truly work. From there develop a strategy that works for you with the math and all of the things you have found then stick to that strategy even in tough times.
I'm starting to realize this. Technical analysis took me pretty far in... but when it comes to wanting to know how to predict trends even more I find myself looking into the countries relationships with each other currently. Then I look at major economic events that could be happening regarding that currency
Yeah man, “you vs you” trading really tests yo mental patients, discipline and emotions. gotta let that sink in. how you trade is literally a reflection of your self (your mindset) emotions, feelings, thoughts, habits character💯 self discipline to mastery g we all can do just put the work in behind closed doors🫵
If you are new to trading the first thing you shall ask yourself these questions What moves the market? What does everything on my chart do(Indicators and understanding candles and trends) Then risk to reward Then you set for trading for an example demo and maybe a PA account
yeah if you trade based on what candles and indicators tell you have happened then you will fall into traps they set while they determine what is happening. ive found that what price does now is new action and completely separate from what has happened. sure certain lines may repeat rejections and so on but this only happens enough to throw the retail trader off. so it will make you think you know exactly where its going then it will make a new move and fuck your day up. always anticipate the new move.
that is by far the funniest joke ive heard all year. Omar talks a lot of nonsense, and none of it makes sense :) Thats more accurate. Its all BS, learn to spot a con artist. //someone who actually understands how trading works, as i have a financial education
Big facts. the money we put in. Don't even move the stock prices. It's these large Institutes that do so. You gotta try to get in before they make a move. That's where the big profits come from I learned that maybe about a year ago 😂😂😂😂
Master just one currency price average. Monitoring interest rates of the currency. Interest rates go up - it’s a buy signal and other way around. Monitor daily and weekly movements.
One of the uses of math is to predict somethings without the need to understand the things. I’m not a trader nor a business man, but I’m a math student. I will sur you patterns, does work,if you have enough of them. But still he has a point
No matter the manipulation, order flow is ALWAYS respected. People just can't trade against a general trend unless there's significant news that causes change in traders mentality. If there isn't, then aligning yourself with the trend by using supply/demand zone effectively, observing BoS and CHoCH to know which side is in control and just ride the trend. Easier said than done. I know. It requires your own practice. More than this will entirely depend on how you dig
So true , Beginning to trade is more or less a gamble, it's totally on luck to make profit. After you understand that the market, still a part of it you can never predict, it's still a bit of luck and bit of experience
Yes yes YES !!!! That what I've been trying to tell my friends. Its not about the "cone" pattern or the what so ever pattern.. thank you.. thank you very much..
Big institutions and orders move the market, but the algorithm delivers it. To best trade the market you must understand both aspects, what direction is the institutional order flow? When you’ve identified this and the HTF structure.. what POI’s are going to cause a reaction? When price shows it hands and creates the correct patterns in the correct areas… You then have the formula for being successful in this industry, along with many other skills such as patience and risk management.
Its about investers for shares and common people for banks,behaviour for commidities and crypto is a gamble and luck for forex.a beginner thinks he can make money by opposing the flow but a beginner should follow the flow.
Everytime I see this type of discussion an internal battle with my ego is disrupted cause I see the code driving price flawlessly everyday. It doesnt give a F about whos buying or selling. And yet some people think its a ramdom walk.
Trading is a constant evolving and adapting format. There is absolutely no way to ever have it figured out. Grasp technical analysis and fundamental analysis. Always have a risk management plan and implement it. For beginners, sentimental analysis purely leads to emotional trading, and some can benefit from beginners luck, but sentiment requires depth of understanding.
I think the biggest lesson any beginner should learn is "you're gonna lose money and you should be ok with it". Unless you learn it, you won't be enforcing strict SLs. But yeah, also what Omar is saying. I wish I learned it sooner.
the only time they look at technical charts is to find where retail stop losses are, which then they trigger to create liquidity for their massive positions
That's just bullshit... the retail traders represent less than 5% of the all market ... they don't give fuck a bout your money... and if they depend on your liquidity ( less than 5% ) they will never have enough liquidity 😅
best way to learn is throwing yourself into the fire and see your money move, others money move. been trading for 5 years and i’ll be learning for the rest of my life that’s for sure
I can't agree much on what you said about institutional investors and algo trading. However do you think that long term patterns help to understand the trend to take trades?
you're correct that they move the market but they don't look which is which has the upper hand but rather disrupt the market, absorbing what retailers doing, then overwhelm them, and that's how they move the market
Basically they are rely on Sentiment, and where is Sentiment come from, Fundamentals. Fundamentals of, global macro economic news certainty/uncertainty events. Geopolitical, Us econ data, Fed, etc.
I know that this is the biggest cringe cliche' but..."The Trend is your friend" is the most important thing every crypto trader needs to know, and then after that you could look at patterns and indicators to plan your entry and exit levels.. Great short!
While you’re learning the fundamentals. Best way to put into action immediately is paper trades. Is very discouraging for beginners to constantly put money in and lose a big percentage or all of it while trying to make something out of this career.
Trading is a 50/50 gamble. Once you hit the buy button its either going to go or go down. Trading fees and slip are your only extra costs. The table games at the casino only offer about a 47% win rate to the gambler on all "head or tail" flip bets. Trading is nothing but a flip of a quarter for the individual retail trader but trading does have a slightly better win advantage on each trade compared to red/black roulette table.
Safe approach means risk management ( lower leverage, back ups), patience and taking the modest profits rather than going for the big chunks.. is what I have learnt after trading for last 2 weeks 😂
Advice for beginners should never be that there is a big man in a suit controlling the market, that will just give people plausible deniability for trading horribly, the truth is that most of the market is made of varying participants trading on their own discretion, and its you versus them every day
You're not wrong but I don't fully agree. A lot of professional market analysts and traders look at RSI and other indicators on the bigger charts to determine overbought and oversold levels.
Disregard T.A. at your own risk. After the Algos and day trading has moved the stock away from where the institutions what the price to flow, they will make it back to their price movement, buy selling or buying more than anyone else. Big Boys let the little guys move the price back and forth, but those large Green and Red candles with volumen makes ALL THE Difference.
I like how many people like to sound intelligent about trading. I have been doing this for tens years , I want everyone to understand this. The market is one giant casino , on based on probability. Understanding risk itself , it will put you in better spot than many people. That's why many funds use mathematical models to do the trading. The market has alot of randomness , to operate in the market, just understand risk. Am not talking the risk management you told on RU-vid by gurus. Like risk 2% per trade😂😂😂,. I mean a proper risk system or model based on stats you have collected testing a system. Good luck 🎉
If I don't care about day trading, but am in for long term, more a Buffet-strategy, is this still as relevant for me? I know it's not irrelevant, but sounds to be like this is nuts relevant for short term investments
Biggest rule: NEVER LISTEN TO CRYPTO RU-vid TRADERS. They have biases and hold bags that they shill on you even if the bags shite. Do your own research. Patterns, rsi, Macd, trends. Understand that and you’ll have a good starting point
I don't believe in trading because the stocks that have the most upside are super risky and their financials are terrible. I believe in buying the dip and selling 3 to 6 months later. Hitting a homerun trade is like winning the lottery. The vhances to win big are very small.
Beginner trading advice. Take a $100 bill. Rip it in half. Put it into the toilet and then flush it. If you are okay with that. You might be able to understand.
People need to realise that trading although is possible it might only be for the top 0.0001% of brains in the world. It’s much easier to become a value investor. Get rich slow stop trying to get Rick quick. Listen to Warren and Charlie. You will have a better life because of it.
Order flow isn't any different though. I you believe that institutions are manipulating price and taking it where and when they choose to(which is true.) Then the order flow is manipulated as well. When people prop up orderflow, they aren't considering the fact that there are algos and strategies developed to put those orders in to trap positions.
Simple answer is just follow the money. Just keep to your basic stuff with trend structures and you’ll be good. It’s a bit more than that but ultimately you just follow the money.
@@donaldgregg7818 maybe I wasn’t precise but you have to follow the money. you have to look at the trend and identify your orderblocks and wait for price to mitigate it and wait confirmations on the lower timeframe to align itself to go in the direction of the higher timeframe trend. If you want me to write you a book I’d be happy to but this is all I can suggest for now. Try looking up on Smart Money Concept and you’ll understand what I just said. But thanks for pointing that out to me.
@@donaldgregg7818 I legit wrote a comment to respond but I’m not seeing it. I’m sorry for being so short on the “horrible advice” however you need to do as the big players are doing. To know this I’d suggest you look into understand Smart Money Concept on RU-vid or google and understand this idea and you’ll know what I’m talking about. Hope this helps.
What you really need to understand is unless you're paying millions for early market data, as well as millions for the low latency network links into the exchange. You're the last dog at the bowl, so you're not getting anything unless there is a lot to get. So, dont expect to do this with a robinhood account on your home internet.
Even this guy doesn’t understand who moves the market. The only ‘retail’ trader to explain it is Larry Williams. Institutions don’t move the market. Institutions enter on moves made by commercials.
