One of the best interviews. One video i would love to download and watch over and over again. Unlike many who does BS, this Gentleman speaks a lot of sense and you can get to feel the real experience in the field. Thanks very much
Yeah, right? I myself am a 2:1 with a 50-55% win rate. What matters is expectancy. Turtle traders can be positive with a 20% win rate. It's all about making the numbers work with your personality.
This dude strategy is enter after a confirmation of a break out 100% if not he wont get this bad in win rate. Or he have too huge stop loss for the range he trading that maybe why making 2:1 is alot harder.
After losing 10k almost 20 I canned martingale/grid trading. I'm back to classic 1-2% risk 1.5:1rr. My scalping strategy has a range of 40-60% winrate depending on which pairs and market conditions.
I recently started favouring 1:1 R/R for day trading too, and it has done a lot for my psychology and helping me stick to my plan. Wishing I had focussed on this sooner. 👍
Also, thanks for talking about Denise Shull. Never heard of her but I love Billions so I'm about to watch every video she on the internet where she talks psychology haha.
I love this interview. Dnt agree with everything but some good points were made. I think as traders/entrepreneurs we should always keep an open mind when it comes to Different styles of trading and also risk management. To have a 1:1 RR on every trade(To me) is a waste of a edge. The whole point of having a 2:1 or 3:1 RR is to increase your odds of being consistently profitable. This means I could potentially have a 30% or 40% win rate and still be a profitable trader, which is good because trading profits are not linear you win big and you lose small. “Impossible” Is not a term that I use . 😅
My R/R is 1:Whatever. Whatever is whatever the market will give me. Leverage is _poison._ If you avoid it, you will become rich. Never _ever_ _ever_ _ever_ add to a losing trade no matter how badly you want to. Never. There is just no reason to ever do it. After all these, the ultimate rule above all is _STOP_ _TAKING_ _BAD_ _SETUPS._ Just stop taking them.
@@William.-. Leverage will increase your losses as well. It's something that should only be used once we have a lot of experience. To avoid taking a bad setup is something that comes with experience too. I recommend paying close attention to volume. Make the bulls or bears prove to you that the market is behaving the way you want before risking the setup. Don't rush into trades. It's better to wish you were in than to wish you weren't in.
@@whoaitstiger i agree that leverage will increase your losses if you don't go where your leverage / risk limit is. They have been so many people and companies that have fallen to over risking or using to much leverage such as long term capital management (LTCM) One thing that people should do when getting into trading is where is you risk / leverage limit before you blow up. I have seen many people refer to using your "playbook setup"
@@William.-. Yeah leverage is alright if you know exactly what you're doing. It's just a very powerful and dangerous tool. When I say it's poison, I mean it is poisonous for developing traders.
One of the best interview out there on the web, i had to download this one because all boris has said totally align with my trading rules currently and i love it. that means am on the right track. well done E.
I like what Boris pointed out in the prop firm trading challenge, i.e hitting 10% target in 10 weeks while minimizing losses and making steady small returns. I think too many traders want results quick and that's how they blow up their chances
He seems a no BS guy. 1:1 R:R with aiming for a Win rate of 60 percent. 100 trades gives you 20 R. He takes around 10 Trades / day * 22= 220 Trades per month, this gives you 44R per month with a low DD.
Lack of trading discipline is the primary reason for intraday trading losses it is estimated that nearly 80- 85% of intraday traders end up losing money in the forex market Experiencing loss is also part of the game but that don't mean you should give up...
I disagree with so much said in this. You Can change your psychology through mindfulness practice and studies prove you can shrink your amygdala(emotional brain center) in just 8 weeks. Also we know from many resources good speculative traders(individuals not trading high tech algos) at institutions and firms are achieving 50%+ a year as a top standard, how big they are capitalised by the institutions we don't know though. Point is these things are possible. Saying. "nobody" does certain things is just plan wrong and a horrible mind set
@@FaustoFX any good method of self improvement is important. You can't seriously be saying its a waste of time haha mindfulness practice took me from being unprofitable to full time trader and my strategy never changed during the time frame
I have traded many years and can firmly tell you a 2R system is possible intraday. "For him" what was said is true, but for another trader it does not have to be so. Newer traders remember that.
Confirmed, I realized the power of just trading one instrument recently. If you are starting out backtesting and you aren't flipping between multiple trades during the backetest while trying to become profitable, why do it with real money when you automatically trade lower quality setups with a lower attention span.....trying to pay attention to multiple things.
I really dislike when people cannot do something they assume that others cannot do it as well! There are plenty of us who are manually trading and doing it successfully! That killed my desire to watch anymore of this guy
Me too. I was totally disgusted by this video by a seemingly respectable trader. This is the first time I "disliked" any of Etienne's videos. Huge disappointment!
@@stephielleify Abit of the same for me. Its like he's right and the others are wrong idk. And ngl but its perfectly possible to get a (at least) 1:3 RR on US30... it moves like crazy after Us open
@@Toluwalupe done! I just think that is so damaging to new traders who trade differently than he does. Every trader has to find their own unique style the one that best fits their personality. Thank you for the insight I do agree 😁
Full of crap told with much confidence. Expected value of your trading is that matters. Probability, risk and reward. If you can get a positive result, the mix doesnt matter.
The most important thing that should be on everyone mind currently should be how to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the world 🌍. This is still a good time to invest in various stocks gold, silver and digital currencies
tbh if I go with the 1:1RR then I will not be as selective with my trades than with a 1:3RR for example. And I do know people who are making a living from trading and have a rule not to enter when it's not 1:3RR
I would respectfully have to disagree with this man. I've only been trading for 2 years part-time for the first 6 months full-time for the last 18. But I've managed to average a 30% success ratio by mass majority with four to one risk reward. Granted it's much easier doing weekly swings to find that type of ratio as opposed to day trading. So there is some truth to that but in general it is reasonable for your standard to be a 4:1 risk to reward. I know that because I'm fairly new at this still and I am having success on that level and my circle of people I trade with who are much more experienced and maintain that as well if not more
Any leveraged product you day trade, especially with the turnover he’s describing, is going to be eaten up by commissions and slippage. I much prefer defined options strategies where you don’t have to sit in front of the computer screen all day and commissions are very reasonable. You also know what your max loss is going to be, and if you take the trade far enough out, you minimize gamma risk.
Etienne was showing 2:1, 3:1, and even 4:1 reward to risk ratios setups in his last video post. Maybe those setups occur less often, which means one should not think they have to have a trade everyday.
I believe that Etienne also said something about 2 or 3 trades a week he takes with his strategy with a Win rate of around 48 percent if I remember correctly.
I’m so happy I made productive decisions about my finances that changed my life forever. I’m a single mother living in Melbourne Australia, bought my second house in September and hoping to retire next year at 50 if things keep going smoothly for me......
Congratulations beautiful lady. You’re really doing well for yourself, I’m 45 and my financiaI Iife is in a mess. Any great tips would really go a long way in shaping my life. I want to buy my own house, that’s really a big flex.....
Sorry for late reply sweetie, I used the FIRE movement to put my finances in order. Then lnvested in stocks, cryptocurencies and reaI estates though the assistance of an lnvestment Pro who helped me make it this big.....
Very interesting. But he lost me when a psychiatrist used to be a trader and he started taking note of her, admitted he's been in the market for many years . But I've seen this in so many industries people can't make it in the industry as a particular thing so then that become consultants or so called experts in the field they couldn't make it in. He also talks numbers he better do the numbers on if he reduced his bad trades by 10% which probably is done by reducing the amount of trades per day he may make more money.
I have to completely disagree with this guy on R&R. 1:1 is so damaging to your physiology as a trader. If you loose 2 trades you now have to win 3 trades get get ahead. That's a horrible strategy. Over my years of tradeing I've developed a strategy that involves dianamic R&R and dianamic entry and exits. Over much back testing I've found 3:1 is typically the most successful but like I said I use a dianamic approach. Full disclosure I trade s&p futures and that's it. My win percent varies from 45%-70% but my winning tick ratio is almost always very close to 3:1. This guy just doesn't have a good system. Sorry but the truth hurts. I'm beginning to believe that the old statistic that 90% of traders fail is completely out dated. Like I said I've been tradeing for a very long time and it has never changed. I call bluff.
Here is the issue with trading YOU CAN NEVER BE PROFITABLE WITH SOMEONE ELSES STRATEGY AND PSYCHOLOGY PATTERNS WHAT YOU CAN DO IS ADAPT AND IMPROVE YOUR OWN WAYS FROM THERE WAYS YOU NEED UNDERSTAND YOUR BRAIN VS MY BRAIN IS NOT THE SAME LEARN EARN GAIN REPEAT
@@LoganAddisMusic I don’t know. I got recruited by one by a bigger trader than me. My gf works for one too but she also got referred. I’m almost positive it’s not a thing you can look up. I’d recommend fund-seeder
He clearly doesn't know what he's talking about. 1:1 is a loser anyway. The reason is simple. Even if he's 60% right in the market all that extra 10% is going to go to the broker, and if you stop and think about it, when you hit a 1:1 already on a trade, the probability of it going to 2:1 TP instead of your SL is 67%. And he only needs to be 40% right at a large sample size. It's basic math.
