Trading Psychology Podcast Ep46: Feed Your Account

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We thought we would sneak a half money-management/half psychology episode in where we felt it was appropriate. But these tips can make a gigantic difference in your overall account, and your quality of life. How much difference? Robb says double. VP is a bit more skeptical.
Follow along with Robb's example below:
Math
Trader A - Starting Account $10K, 24% yearly return, no money added
1 year - 12682
3 years - 20398
5 years - 32810
10 years - 107651
1M in 20years 9 months
Trader B - Starting Account $10K, 24% yearly return, $200 mo. added
1 year - 15364
3 years - 30797
5 years - 55620
10 years - 205303
1M in 16years 11 months
Maverick Links
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Robb’s Flat Earth Trading Society
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No Nonsense Forex Links
VP’s Trading Psychology Book
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Recommended Crypto Trading Platform (Bonus and Contest Eligibility) -
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Blueberry Markets Blog (Top FX Broker) -
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Markets.com Blog (Other top FX Broker)-
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US Residents Go Here (Top US FX Broker)-
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Follow VP on Twitter
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The hosts of this podcast are not licensed financial advisors, and nothing heard on this podcast should be taken as financial advice. Do your own research and understand all financial decisions and the results therein are yours and yours alone. The host is not responsible for the actions of their sponsors and/or affiliates. Conversely, views expressed on this podcast are that of the host only and may not reflect the views of any companies mentioned. Trading anything involves risk. Losses can exceed deposits.

Опубликовано:

27 сен 2024

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Комментарии : 27

@jeedub6142 11 месяцев назад

it's funny you should put out this podcast today; I am about to hit my yearly bonus payment from my employer, which is going into my NNFX strategy account that I've written automation for. I'm then planning to feed money from my fortnightly salary for a year or two. I want to thank you for your entire channel.. It's been a hard slog to not only find the features for my personal NNFX algorithm, but also designing and writing code to automate everything you've taught.. trade entries, one-candle-rule, bridge too far, money management, exit signals.. the lot. So happy to have battled on and done it. Thank you VP

@Felix.942 11 месяцев назад

I am also working on mine, it's a gradual process and takes a lot of time, intuition and insight. I was writing in mql5 but now switched to python cos I find it easier. gpt and copilot have been very useful in the journey.

@eddiejimenez9299 10 месяцев назад

I love the push back from VP on the 24% and I love Robb answer - 24% return is unrealistic but your message is TRUE - this episode is very important and must be understood especially for the young people.

@rmhsmith2453 11 месяцев назад

I relistened to episode 19 after this one. So good. Compound interest is king but only if your investment/trading has consistent returns. Good advise you gave there: define success, when to add capital and move forward accordingly.

@TrustmeBroooooo 11 месяцев назад

Thanks guys just bought my first gold 1 gram coin …going to buy more in future

@NoNonsenseForex 11 месяцев назад

One gram or one ounce?

@TrustmeBroooooo 11 месяцев назад

@@NoNonsenseForex 1 gram of 24 carat. Local jeweller sold me for $100 cad its tiny i know refinery from Ahmedabad india.but for future i am going to stick with Royal mint coins.

@tadghsmith1457 11 месяцев назад

Money doesn’t just “evaporate”. The reason he wasn’t a millionaire in is 20’s is simple. He had a W-I-F-E.

@mavericktrading 11 месяцев назад

I'm not disagreeing but I'm also not showing this to my wife. haha. Kids don't help either

@natenut1694 11 месяцев назад

😂😂😂😂😂😂😂 That made my day thank you

@ikad89 10 месяцев назад

Hi VP, Rob, thanks for your time. I have a question that could be also a proposal for a future episode. When to take profit from your account? We know when to take profit in the trades but.. when do we feed ourselves from our Account? I am pretty sure that is a very personal number, but I really think that you could talk to us about that topic. If my trading is doing well, the least thing I want to do is to take money out of that account, but at the same time, the whole purpose of this is to be able to live from the trades, right? Thanks!

@mahdikhadry282 11 месяцев назад

Thanks VP, got funded with my algo

@jacobnotte3699 11 месяцев назад

Congrats!

@NoNonsenseForex 11 месяцев назад

Yessir!! It's just beginning for you.

@mahdighorbani7447 8 месяцев назад

Hi VP First of all I appreciate your time and effort. You have helped me a lot to develop my strategy. I would like to know your opinion about money management , changing risk to reward ratio to 1:1. I mean what if we change TP=SL=1.5 ATR or TP=SL=1ATR instead of SL=1.5ATR & TP= 1ATR . What do you think in a long term? Do you suggest it?

@NoNonsenseForex 8 месяцев назад

Too tight for me, but test it out. Every system is different.

@paulbucklebuckle4921 11 месяцев назад

Kool and da gang man.

@plantaherbalknowledge9423 11 месяцев назад

👍🔥

@imgirthy 11 месяцев назад

found you late 2021, thanks for everything vp keep it up!

@stal3623 5 месяцев назад

Not quite double your money, you have to take into account the extra $24,000 that went into the account over the 10 years.

@Porphyrogenitus1 11 месяцев назад

Feed me Seymore

@c2vdo431 11 месяцев назад

I love trading. But I don't have money for trading. I need some money for trading. Plz give me a some money i have request for you.I will always be grateful to you

@NoNonsenseForex 11 месяцев назад

Doesn't sound like much of a deal for me

@tendanilebepe3636 11 месяцев назад

NUMBER 1🎉

@darkostefanovski7647 11 месяцев назад

Go VP 🎉🎉🎉

@Juhno 11 месяцев назад

That Acorns-things sounds kind of brilliant for many people. And I know that there are advantages and disadvantages to all methods of investing in precious metals. But I've been a bit cautious about the physical. Bud building up my own gold coin pile sounds appealing...very appealing to me.

@NoNonsenseForex 11 месяцев назад

It's addicting