I'm an aspiring trader who would rather learn from other traders' experience than investing in the market myself, in anticipation of the next bull run. What are your thoughts on copy trading as well? Do individuals actually earn a living? Just trying to get some reassurance. I want to have a healthy portfolio worth at least $850,000. Reliable inputs please.
The strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $130k in passive diversified safe-haven assets, Up 358k so far and pretty sure I'm ready for whatever comes.
Talking about advisors, do u consider anyone worthy of recommendations? I have about 100k to taste the water now that large cap stocks are at a discount... Thanks.
Love that you gave your rules. I trade price with 3 moving averages. The 8 /20/200 simple moving averages. That is it. I have setup based off of that. Took me years to get profitable. Most rely on indicators. Indicators are too slow and they will struggle until they relaize this. To trade price action take great skill, lost of practice, and dedication. It does not happen over night. I trade 2 instruments the NASDAQ and Russell E mini futures contracts that is it. I have 3 really good setups and i just do them over and over again... waiting for the setups. Rinse and repeat. I don't look for stocks, or worry about earnings (except the big ones like NVDA or MSFT or APPL) and I know to say flat before these and play price action off of the traders emotion to those. I also do not trade on economic days like FOMC meetings, GDP. I leave those to the pros. At some point when my skill are really honed in I will give those event a try. Until then, I will just keep being happy about taking my single and doubles out of the market on a consitant basis.
For investing use a weekly and monthly chart, for swing trading use a 4 hr / daily chart for day trading use a 2 and 5 min chart... really fast moving markets use a 1 min and 5 min chart. My main moving averages I use is the 20 and 200 simple moving average, except for swing trading I use the 40 and 20 simple moving average. First this what is the state of the stock is it below the moving averages, above the moving averages or is everything flat? If above we go long, if below we go short, if flat we wait. The set ups are big bullish or bearish bars coming off of the moving averages. Stop losses go right above or below the entry candle ...no exceptions. Long term trading is easies. Just wait until price goes above the moving averages, pulls backs to the moving averages and then has a green candle trade above the pullback. Stop goes below the moving averages. Reverse for shorts. If you are a day trader... I have found it best to wait for a pull back to the moving average on a 1 hour chart but to always trade with the 1 hour trend. In my opinion folks should start doing this with swing trading, then long term (weekly and monthly charts ... because they takes so long to set up) Day trading is fast. Only 25 percent of the accounts value should be used to day trade. 50% on swing trading, and 25 percent on long term. The other two set ups are mainly for day trading. They are when going long or short on a massive green or red candle and that candle is negated by the opposite color. If that happens I get stopped out and immediatly reverse. The last set up is trying to pick a top or bottom. I do this by watching for a hammer (to go long) or an inverted hammer when shorting. These after a long run of at least 3 or more legs. Stop loss goes below or above the entry candle... no exceptions. This is super aggressive if you want confirmation on this wait until price goes below or above the moving averages ... pulls back to the moving averages and then goes in the opposite direction. The best trades are when a stock is quiet and the moving averages are tight and price is going sideways. When you have action, where a green or red candle is bigger than the proceeding 5 to 10 bars... we trade in that direction. This is showing interest either way long or short. These trades are all rule driven. They never change. It is exact. Taking profits is harder... you can use a 1 or 2 bar close below or above the 20 simple moving average, or you could just trail it up. You want to get your stop loss order to break even but not too soon. Everything usually pulls back to the 50% mark of the move and then resumes. After it resumes that is when we move the stop to break even... to soon we will most likely get stopped out, just to watch it move higher or lower. There is a reason to get in, there is a reason to get out. You need to find what works best for you. I also suggest only trading 2 or 3 things. I trade 2. The NASDAQ E mini and Russell 2k e mini. That is it. I wait for it to hit one of my set ups. If it does not, I do not trade. Professionals don't scan or look for things.. they are specialists in 1 or 2 things. With 2 or 3 set ups, trading 2 or 3 instruments with an expectancy of 70% is all you need. Last thing, while not sexy, money and risk managment are key. WE have got to survive the 30% of the time the set ups do not work. That is why we are never allowed to move stops against ourselves... only in the postive direction. Never risk more than 2% of your capital on any 1 trade. Have max loss per trade / max loss per day / max loss per week rules. These will be determined by how big your account is and to some degree how good you are. I have learned to never marry any way I feel about anything. Price tells me exactly what to do, not news, not earnings, not the FED... that is all just to confuse us. Retail traders are the liquidity the pros need to exit postitions. All that matters is price going up or down... the reason does not matter. That is why you can see a stock report good earnings and get crushed or report crappy numbers and surge higher. Price never lies. The moving averages give you a reference point. Stop losses and money managment save us from ourselves... the greed and fear that we all need to fight in order to be profitable. Best of luck.
*PLEASE I NEED SOMEONE TO HELP ME TRADE OR INVEST THE FOREX OR CRYPTO MARKET BECAUSE I'M TIRED OF TRADING IN LOSSES MYSELF. I'VE BLOWN MY ACCOUNT TWICE AND IT'S FRUSTRATING..*
I usually go with registered representatives. Faith Reece has the best performance history (in my opinion) and does offer 1v1 consultation to her capitalists which I think is amazing.
250 pips stop loss means a tiny order size unless you have a substantially funded account. And you need 250 pip market movement in your direction to achieve a 1:1 ratio... A good win rate alone is not enough to be profitable in trading!
True and agreed. One should use the ATR to determine pips for stop loss and try to get it as tight as possible, then use a position size calculator based on x% risk and aim for a minimum 1:3 RR.
Yes - RR for this strategy is 5:1 at best. This is only practical with very slow charts and low trading volume, or costs will be crushing. It also makes the strategy volatile, as any run of 2 or more losses will generate damaging drawdowns that take months to recover. Chatting with system straders in London prop houses, they rarely trade for less than 0.8R. This also allows for far higher volume - though of course win rates will be significantly lower.
It is a awful strategy. Looking at the 2015 Data he managed to lose $15,240 from just 6 trades as opposed to $8461 from 16 trades. The strategy needs optimisation at the very minimum. By the way that was a 72.73% profitability🙈
For the past six months, I've been trading Bitcoin independently but have been facing losses. Can anyone provide guidance on how to achieve profitability?
It’s not rocket science, Jonas Herman, a certified fiduciary is the brain behind my success. I've gotten into a plethora of assets with $15k spread across forex, stocks (options and futures) for the short term, index funds, and ETFs, for the long term. Now with over 87k, I sit back and just reinvest at intervals while I focus on my career and family.
That's your view. In my experience, there is no such formula, it is nearly impossible to achieve success with trading stocks or fx. It’s all just gambling.
@@Willycheng590 At this point, I don't mind using a mentorship because I'm frustrated with the results I've been getting. How can I connect with him, please?
Really appreciate your transparency- your video lives up to your channel name. The backtesting and full display of test results and stats is rare in RU-vid trading videos. Great job. I can easily see if this is a system that i can run with b/c you've provided such a DETAILED trading summary- something that (unfortunately) most trading videos either don't have or neglect to share ( drawdown, max loss, profit factor, avg win$, loss$, etc), Thank you!
I had problem comprehending trading in general. I tried watching other YT trading channels, but they made the concepts more complicated. I was almost giving up until when I discovered your channel. I love the way you break down the content and explain everything in detail. The videos are easy to follow
I've been making a lot of losses trying to make profit trading. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advise me on what to do?
Trading on a demo account can definitely feel similar to the real market, but there are some differences. It's important to remember that trading involves risks and it's normal to face losses sometimes. One piece of advice is to start small and gradually increase your investments as you gain more experience and confidence. It might also be helpful to seek guidance from experienced traders or do some research on different trading strategies.
Watch Oliver Velez to see how you could have captured that huge multi-candle move to the downside. Red takes out green near the 20 sma, move stop, manage trade until 3-5 candles. Watch for color change.
Her technical analysis is excellent and hid interpretation/projections of the market is so accurate I sometimes ask myself if she is human haha. Point is, Stacey is the perfect trader to follow for advise and daily signals.
What impresses me most about Stacey Macken is how well she explains basic concept of winning before actually letting you use her trade signals. This goes a long way to ensure winning trades.
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Veronica Hoy.
May Allah bless Ronal’ for his help. I’m glad my doubts have been cleared, and i received my profit from last week’s investment. Keep up the great work
His technical analysis is excellent and his interpretation/projections of the market are so accurate’ The point is Ronal’ is the perfect trader to follow for advice and guidance
it proved 90℅ profitable in your experiment that time but what if there had not been a second green day, what if the first green day closed slightly lower then the previous red then next day was red again and during the losing day price moved against you drastically. Yes you can set a stop loss but how much room do you risk giving the trade to breath or potential loss do you risk. This is a slow way not to be profitable in my experience. Possibly ok as a side huddle if you have enough funds to risk the loses and markets seem to have been acting predictably buy every days a new world in trading so its consistency potential just doesn't add up to me. Nicely produced video though and you have a great voice from this kind of work.
The name "Transparent Trader" is apt! You sure do explain things in a simple and clear way. And your data and documentation is just professional. Well done!
Great video. I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you katrina susan
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states.
In can make a strategy with 99% win rate and still loose money. Just set your stop loss at -90%, set a leverage of 50, cross collateral, take profit at +1% and the money flows in! Until that one losing trade and your account is wrecked.
OK, but the most important skill for any strategy is how to find stocks with the set up in question before they make the move. Why is it that so few you tube gurus actually go through their scanning set up and process?
Fantastic idea my man. Could you do a backtest as if you were in a continuous trade. On first look (EU)you get 30-50 pip losses during ranging but the when the trends come in you recoup easily with 120-160pips.
I am getting confusing myself now because when I look at most pro trader they do used indicators but many of them also trading without indicators I never seen Warren Buffet talk about indicators at all, so I am still searching the best answer now
When do you enter the stop order, near the end of the day once the candle scenario has been identified or wait for the market to open the next session.
250 SL is to much unless your trading monthly and you will need some serious funds to make any decent money, I trade off weekly and use 80 pips to 125 pips a trade supply and demand
Been there and done that, I've had my most losses eliminating indicators as well as using "Supply and demand", it cost me my entire account, it's all garbage...trading without indicators is extremely risky and the only traders who find success by doing so are simply lucky...250 pip stop loss? that's insane and unnecessary, you are over complicating this, just wait for the TDI or MACD to cross on 1HR and 4HR At the same exact time and make sure the daily candle is the same color as the direction you're trading in, that's it...90% win rate.
Death buy a thousand cuts. make sure your reversal stop is price correctly or you'll get washed out a bunch on the back through trade. Many days the market with false breakout and reverse leaving your filled orders stopping out.
Great video! I really do have a question. For someone with less than $10,000 to invest, how would you recommend we enter the crypto market? I am looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What’s your take on this approach?
Trading without professional guide... Huh I laugh you, because you will remain where you are or even make huge losses that will stop you from trading, this has been one of the biggest problem to new traders
Mrs Sonia Dixon was my hope during the 'bear summer' last year. I did so many mistakes but also learned so much from it, and of course from Sonia Dixon.
the first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
It’s not strange for a low risk to reward to have a high win rate . Win rate means nothing if not used with risk to reward and risk per trade . 89% win to reflect 20% . Why not just invest in the sp500 .
Hello - I trade mostly stocks and futures, and I'm trying to figure out how to convert 250 pips into dollars, or a percentage of the stock price. I enjoyed the video, thanks for post it.
thanks for your video. Don't you think that the Equity Curve is not "very very" nice ? .... there is a Draw down of 11% aprox ... otherwise I find everything quite good
Your back testing resolution is too high (1440 mins!?), your results cannot be trusted considering that many of your trades might be closed mid entry candle, I am sure you know that! But entertaining video. Try the resolution on 1tick data and let's talk then 😂
The only way this works is if you have a profitable place to put the money while you’re waiting for this one to produce a trade. Best year 8%? That’s ridiculous unless you can improve that with other trades between these. Active management should be producing at least 20%+ per year minimum.
Sir, could you do me a favor? What you say bout using rsi period 30 and CCI period 20, for buy when rsi is above 50 level and CCI is crossing from below at -100 level, and for sell is when rsi is below 50 and CCI is crossing at +100 from above, i backtest it is just for 2 years the result is quite good with Risk : Reward =1:3.i have not done backtest for 12 years or more like you do,could you do it ,Sir??
While everyone is making youtube videos on how to use technical indicators for trading, someone for the first time has made a video on how to trade without iany indicators. This is a nitch.
Do you have a cut off for entry, timewise, in the next candle? e.g. if you dont hit the entry point till 16:30, the trade is only going to run for 15 minutes. I'm wondering if you aim to be in the trade within the first 25% or 50% of the day as an example?
:P Without risk management, a random trading setup cannot be called a strategy. A trader cannot be called a trader without proper risk management; he is a gambler.
I figured if a person doesn't know much about economic I'll be really harder to understand trading, people that doesn't knock how to control emotions can't succeed on trading or in any money game.
Your thumbnail is saying that Remove all indicators and you are telling to trade bssis candles.. Are candlestick pattern not a type of technical indicator only??
hmmm.... I don't want to be a mood killer, but if I had a $100,000 to put invest, I would put it into a SPX or SPY or similar and opted for re-investing of profits... in which case I would have made over a $100,000, and totaled $200,000 at the end of this 10y period. So it makes no sense to hustle everyday, take losses or wins, as you can do nothing and make MUCH more money over the 10 years with zero effort... the market had an average return of 7-8% per year in that period, while this method returns 3% per year.... so... it certainly is not "beating the market"...
😂Have you ever traded Forex? One candle on a 1 minute chart can swing 600 to 800 points in the blink of an eye to liquidate thousands of traders. I hope that he meant 250 points, 25 pips😅😅😅
great video as always. i'm a crypto algo developer, and i don't know much about the forex and stock markets. how can i "translate" the 250 pips in crypto please? also, would it work on smaller time frames? if yes, then should i use bars like you used the 1D bars? Thanks
2.5% is way too much for 1m\5m, and even for 15m (that i use), even for a crazy market as crypto. using the ATR is probably what most people would use, but i find it too volatile even as an ATR... i was wondering about it because i saw him use 250 pips in many of the videos even when he uses different symbols that have different values. yet, you two gave me some ideas, so for now i forward-test on 0.25%. Thanks guys!
@@kippsguitar6539 i trade with real money only when i'm sure that my forward-tests got my the results i wanted. as for that question - i don't trade forex and stock, and no one is using pips in crypto. questions are meant to be asked... 😉
Not quite worth mentioning it even, in 10 yrs 20% "only" !? Much better off putting it into SPY or the similar and forget about it... even banks with good fixed deposit would be better
Thanks for the stats @6:44. It's important to notice the average losing trade is -2034, with the average Winning trade being only $404. I wonder it this wouldn't work better if you only did it in the direction of the 5 or 20-day trend, so you're playing against the counter-trend and looking for realignment with the larger trend
He should be more honest about his videos. The equity curve does not show an 89% win rate! And if we had the fact that his examples do not cover all buy and sell it means he needs clickbait, not forex lol. This strategy does not work at all! Begininng in the fact that the spread for him only counts for losses... OMG! Statistics are meaning if with a nonest view! Many peaks to be true! Like i started, is all about honesty! This markets is not about pips, is about deviations and that means the stop loss is also wrong. If breaks a daily high or low or not and that is the questions and how to identify a real break from a stop hunt.
He said one strategy gives you 20 signals per year. Sometimes one strategy only works for few pairs. You need to backtest and then use few strategies. Means you will get more signals.😊
You never want to rely on one strategy, you want a portfolio of non-correlated strategies, so when one or two strategies are not working, the others are working. This will reduce draw down dramatically.
