I always watched your every videos. I wish you will send new more videos for us. Always wait for new information. May Allah bless you. I learned lots of things from you bro. Thank you. Appreciate for your help
2% loss to a 4% win its 50/50 so you Will always end up in profit, use this rule and never let your emotions fool you, have some time on the charts to make 60/40 and then 70/30 but always stick to rule one, and you Will be rich
But the market volatility changes over time. You should adapt to it and not doing the exact same steps as 3 years ago. However, it’s indeed good for some muscle memories.
don't waste your time with these bullshit videos. Figure out what kind of trader you are. I started swing trading and then realize I could make a lot more money scalping PLUS it was way more fun and fulfilling. Now, I put swing back onto the table because you make more money doing less work and it frees up your day. If you KNOW you have a strategy that works, scour the internet and figure out a way to automate this. If you have any questions, ask and i'll be as specific as I can be.
@@theanonymoustrader6852 nobody said dont backtest. I was saying dont waste your time with useless indicator videos. Use what everybody uses and make key observations about price action and key setups on standard indicators. Price action really is key so look to "indicators" what deal strictly with price action. This could be ATR, obv, VWAP, MAs and EMAs. Now, besides an indicator that I developed for overbought and oversold, I also created a custom cycle indicator and use that against price action, specifically, the VWAP. They're backup to my strategy. Find a good momentum indicator and use that against price at 1) key support zones and 2) overbought and oversold conditions. This is simple enough that you're not overwhelmed with analysis paralysis and also, its simple enough to reproduce consistently against any market, any sector. Also, your time frame is important. This works perfectly for intraday so 1 to 5 minute. With longer timeframes, other, more meaningful factors are at play like earnings, seasonality, supply and demand so for me, I prefer NOT to hold overnight but I could possibly if I REALLY like the support zone and understand the supply and demand that's supposed to move it 1) in the direction I like 2) away from that supply/support zone. Write this shit down. This is as simple as I can make it unless you have more specific questions. Oh and of course, you have to backtest and forward test. Learn where you have an edge and learn where your system fails. If you can identify the weaker setups, you're better able to deal with a tighter stop and also, avoid bad trades. Otherwise, write your rules down and trust your system. Your system SHOULD be up at the end of the week otherwise, you're doing something wrong ie you dont actually have an edge.
What program is going to allow you to see the chart play out from the past. I use think or swim and I believe it just shows you yesterdays chart, not playing it out. Thanks for any help
Back testing helps you to test the accuracy of specific setups in the past. For example, how well would trading a 200-period MA crossover do? Make sense?
@@findtruth5329 that is not accurate, the price movement is random and trying to find patterns in the past has no bearing on future random price movement
I've seen A LOT of this guy's content. Over 50 videos. 1 or 2 had useful information. Yes, dude, we understand all of this basic shit. That's like me giving life advice and saying "try your best, stick with your plan. Double check and be consistent." It's like, yes, we know all of that already lol I may not have made as much money as you considering you trade options but I've got more than 10 profitable traders behind me that quit their day jobs to trade with REAL actual information to use. Strategies that work, platforms and brokers that work. Tools to properly backtest, scanners, charts etc lol This popular culture, general knowledge is complete bullshit. Then again, I'm making real money now so I don't have to make useless videos. Thinking a lot less of you considering you're just talking, using a lot of words and not saying much in 90% of your videos. Unsubscribed. Who knows, maybe I feel this way now because my algo makes about 7K a week using just under 200K now. Yes, I'd be willing to show my account. No, I don't need to make RU-vid videos talking shit because this is just a waste of time.
@@nwigweprince7928 my friends are begging me to create a platform or a Discord so people can pay to follow along. I honestly just aim for 500 - 3000 a day and I'm done. I dont care to make money off of people, friends, discord, whatever. I more like the idea of 1) taking money out of the market, banks, props, firms etc and 2) actually beating the market. I should probably do options but dont like the idea of losing 3k to 14k a day. If I was working full time to make between 300 to 500 a day, if I can do 1k a day from home? I dont need to be a billionaire. I just need enough to provide for my family and keep my time free so I can keep volunteering at my nearest food bank and homeless shelter. If you have specific questions, I'll try to answer.
