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This guy speaks for the small guy and provides incredible value to those who are willing to learn. The fact that he has hour long videos for free it more valuable than a ton of gold
I needed this. I wanted to go through the full course again, but there so much other reading I feel I have to do now just to keep up. But a short refresher like this just hits the spot.
I've found that with the REAL traders that do videos, each sentence represents whole sections of knowledge - and listening to it this way, it kinda maps out a LOT more than what is being said verbatim :-)
This guy's a genius and amazing mentor can't wait to join the ITPM one day in the near future.. I learned so much from you.. definitely a goal that I'm working towards.
I'm not sure what your education costs, Anton, but what I do know is I haven't the $. I'm truely on the ropes ATM and these free videos help hugely . Thank you
Released at the perfect time. I tried to chase volatility and depended on a false belief in Netflix at Q2 results. Got in at the ass end. Lost decent. Not diverse enough and put all my eggs in one basket. Thanks for this video.
id like to here more, theres so much to learn from losses..when did you enter your position? id like to check out the charts and see what you saw. what about their earnings made you enter your position?
Thanks Anton. Excellent and realistic points. Am actively trading for 6.5 years and couldn't agree more with all your points. Insisting on one has to do with real money in real market situation is the most important take away for novice traders! :) Cheers
No you didn't. You made money right?Hindsight is 20/20. We can't know where it will go . That way of thinking is just as bad as revenge trading because you want to get back into it again to make more because you just missed another doubling. You have to move on. Leave that stock alone for awhile when you start feeling that. Take it off your watchlist and find a new idea. That's what I do if I slip into that, learned that self assessment tool because I used to do it often
Could always cash out but stay in with a smaller position if you think theres a more than likely chance it will go up? Complete novice so, pinch of salt
A Head Churner is like when I spend all morning anaysing a race, think ive found value, optimize the stake, just to see it come last but then some one says they had the winner becuase it had the same name as their nans Cat 😑
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Youre missing the point about TSLA. All the Retail Traders that bought the Stock and Call Options when the stock was above $850 got stopped out below $700. So they missed it going back up. Theyre now buying again at $1,100 plus. The point were getting at here is they have no idea what they are doing when they go in, out, or holding. So all they ever do is get scared, panic etc and over time over many trades they lose. Its really dumb to just point to a stock and go .., "oh hey but its higher now" .., youre missing the whole point entirely. it doesnt matter. You can come back in 5 years if its at $100 and say "oh hey look wasn't it good that the guys cut their position at $650"..., its just such a dumb way of looking at things. Because it isn't the real picture of what happened at the moment in time. It was used as an example because they did all blow up in it AND they do it over and over and over in many many many stocks all the time.
@@InstituteofTrading - Thanks for the response, and actually the point was well made in the video re. day traders speculating with no process/framework. I was simply expressing observation of the amazing growth the stock has had over Q1/Q2. But I appreciate the response with further explanation.
Thankyou So Much Anton, you stop me making stupid mistakes. I have been trading around 1 year now. 34% ROI in 8 months. This Game is Beginning to make sense. If you are not listening to this guy, you are missing out hes great!
Disagree on the point beginning at 30:40, I find it important to know what management is doing to calculate the amount of "trust" other people have in stocks. It is relevant to understand the psyco- part of choices of other people trading the stock and general sentiment. imo. thanks for posting, interesting to watch
Most retail traders have small accounts using high leverage mainly trading forex, indeces and lose and repeat until long term loss in not recoverable . All pro traders are well capitalised.
most trader's fail because they give up quick, it takes patient, time and lot's of trading experience to become a profitable trader, An alternative seek guidance from some pro trader's and more to avoid loses of funds.
Exactly this, net short crypto now, then elon musk pumped crypto, i dont understand topping and tailing, but as i am net short now it is down on my total account, all recent profit temporary took away in unrealized PNL, still not having liquidation soon and dont know what to do in this situation except for just wait for it to recover, but i am worried if it continues to go up even to the point of liquidation?, exactly what you tell. Thank you Anton
Trading is never a game of luck if not every one would become a trader or very rich but with the help of an expert and experience trader your tradings loses will be cut, i think it's best to seek guidance from an experience trader to avoid loses of funds.
Oh shyt been years since iv seen this guy.the video when he gave an interview when he was in singapore?the background view was Clark quay or marina bay or something......great life philosophy even if u aren't looking for a career in finance.....
Stomach Churner: Was in a $6,000 crypto long trade using 40X leverage wiith no stop loss because I felt my liquidation price was far enough away and i was nursing it. I left my computer for 15 minutes and when i came back the crypto dropped so fast i was within a few dollars away from liquidation. I let it go and it climbed back up enough for me to close.
I have had 3 catastrophic loses and really the best way to avoid them is to never take the risk in the first place. I've been doing much better trading high volatility assets without leverage compared to margin trading high liquidity assets.
On CNBC you often hear experts say they know there is "a lot of money on the sideline". How do they know this? Are the retail trading platforms sharing this? Is there another source? The reason I ask is when I make a profit on a trade often as part of my personal risk management I keep it in cash for awhile until I get a good idea. But occasionally I feel I get pulled into trades by market makers wanting me to get off that cash position before I am ready.
I don't know how is it I can have great results when I'm fresh, for a few days, but then that one bad trade comes which starts a series of bad trades due to psychology, which totally ruins earlier results. I am not happy as it happened again.
great video. What would happen if you experience that loss and you don't care and leave things as it is for 2 or 3 years because you don't need the money?
If you look at the Corona crash, there isn't a single stock that went up while economies everywhere were tanking. Co-relation in such a situation makes no difference
Hmmm, catastrophic losses, depending on your definition, probably happens a bit more often than you think, but typically a bank's balance sheet is large enough that a say $100m loss doesn't even go public.
Would it be best to get a job at a hedge fund as an undergrad straight out of uni and work in back office or middle office role, and make money full time then trade on the side? As i would be keen to be a pro trader at a hedge fund because I have unreal talent and will make a lot of money, eventually running my own hedge fund
Can you hold a losing long, if you believe in the company and it still makes sense as an investment? In one sense, it is like you are tricking yourself. On the other hand, it might be the right decision. How can you reconcile this?
The company needs to be a good one. And u must know why its on the down side. And how the company is trying to fix there problem. Plus u might need to be able to stand atleast 3 positions on that stock with a more - 35 % loss without freaking out
Would say manning up and cutting your loss and moving money into a higher probability winning trade the toughest thing to do, especially for retails traders. If the stock turns to prove your convictions right then get back onto the trend. Once you learn to cut your losses without emotion and move on its is truly and liberating experience. If convinced position is a winner ready to turn, nothing wrong with partially exiting and investing that money into a higher probability bet.
