WHY YOU WILL LOSE MONEY TRADING FOREX
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- Опубліковано 5 лис 2024
- TRADING PSYCHOLOGY LEARN TO TRADE WITH THE BANKS
WHY YOU WILL LOSE MONEY TRADING FOREX
✅ Best Trade Setups Playbook⭐⭐⭐⭐⭐➤ stacey-burke-t...
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My experience with day trading, stop loss hunting and smart money manipulation.
• How to improve your trading performance by avoiding stop loss hunting
• Key rules to avoid being a victim to stop loss manipulation and how to anticipate stop loss hunting practices
• How to think like a professional trader (and how to ditch the retail trader mentality)
• How to make money day trading and swing trading by understanding liquidity trading
• How to identify the Best Trading Setups
• The truth about smart money manipulation
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Disclaimer: The purpose of these videos is for educational purposes only. Nothing associated with this channel or videos should be taken as advice to buy/sell any specific financial market. It does not take your personal circumstances or financial situation into consideration. I nor anyone associated with this channel will accept any liability for any financial losses related to any content posted on this channel. Trading is risky so seek professional trading advice before taking any specific trades/investments.
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"Get me back to break even I promise I'll never do that again." So relatable. Stacey Burke, wisdom
We've all been there Mawande! :D
I know im randomly asking but does someone know a trick to get back into an Instagram account..?
I was dumb lost my password. I would love any assistance you can offer me
This guy is good. I have been trading for quite a few years and it is so good to see someone on UA-cam who knows what they are talking about. I never normally subscribe and give my email but I have for this guy. I traded stocks /indices successfully using a similar approach but this guy not only understands but can also explain and is way better than I ever was. People tell you the FX market is too big to be manipulated, it isn't . Listen to the videos and watch the markets and you will see he is right. This knowledge is a gold mine. Always trade carefully even though I have had my successes I normally give most back chasing that big trading so trade within your means. You are playing against people that train for years, this guy's might just give you a better edge. He has my admiration.
Cheers mate! Thanks for the feedback!
Stacey you are so jenerous like u said u give all your knowledge to us for free ,u really are one of the few. Thank you God bless you
Great content Stacey!
Thank you Stacey. This vid resonates with me. In my state of gratitude everyday, I always thank God for Stacey Burke!
Thank you Patrick! I appreciate the feedback!
Brilliant! Brilliant! Brilliant! This video hits on every aspect of trading psychology. Priceless!
Cheers Johan. I think I hit on all the things I've done myself! :)
@@StaceyBurkeTrading me too! :)
This is gold! Thank you Stacey!!
Trader paradigm #1: Do not think of how you can gain, instead think of all the ways in which you can lose. Filter down to your highest probability scenario
Next to the 12 hour window... This is the most important video on trading because of it's raw uncut truthful never be4 said in this manner about trading.. I faced everyone of these struggles exactky as explained... This video is a message to us traders to take our trading extremely serious. Pick ya spots. even kobe Bryant said he had spots he got to on the ball court that he's mastered and goes to even if he has a good defender on him because he's practiced and performed these same moves over and over in these spots ...basically finding what works for us double top, triple bottom, consolidation break out, trend trader, some of these moves we perform better then others so I'm working on sticking to my type set ups I do good at.. Not ones I like cause I think I like it .... The ones I perform well based on the results.. I wish you and your family more good health and prosperity i cant thank you enough #gratitude #coachoftheyear🏆🏆2020
Perfectly said Y! Loved Kobe too! How can you not love anyone who masters their craft! I thank YOU for this and wish you the same!
@@StaceyBurkeTrading it's all love Coach
Cheers mate! Get it done!
Brutal Truth!! I ticked every box. Many thanks 👏👏👏
Cheers Jeremiah!
Followed you for years.....really enjoying your insight these days - thank you Stacey
Thanks Andy! I appreciate the feedback!
Thank you very much, HOD and LOD just works
The best trading video I have ever seen thank you Stacey
Thanks for the feedback Ray! Hardest way to make easy money! :)
Most IMP video for Sir Stacey fans.
Simple really. If you don't put in the time to study how to trade you are are sure to lose money.
With every tradesman and professional person requires study time and training from bricklayer to Airline pilot... Put in the effort first and the rewards will surely follow.
You can become very wealthy on 10-20 pips per day, per week etc. Its all scale and size and its there every day.
One of the best video about trading I've ever seen.. Tells a lot. Thank you for your courage! I feel we are brothers. Love you bro! Ultimate truth.
Thanks Krisztian! I appreciate the feedback!
im so thankful for your daily uploads coach
Thanks Koebe! I hope they are helping your trading!
They definitely are like you said you give everything away.. ive been trading different styles here and there since I began my forex journey a year ago, but ever se once I came across Market maker method and stop hunts my vision of the market changed I’m not perfect yet but the 12 candle window is helping me tune in my focus my next step is mastering the stop loss and not getting stopped out so offen, i guess that comes with trusting the process. Long story short I really appreciate your content!!🤝 thanks for the reply
Keep it up Stacy, I'm always looking for your new video. Thank you very much for all the effort u made to make it to easy for me to understand.
Thanks for your feedback Ahmed!
The truth has been spoken!
Yes! :D
Long awaited topic. Thank you for that episode Stacey Burke! From the bottom of my hearth-Thank you! This support really means alot, I can asure you that. And the simple act of not forgetting what you've been thru, and not forgetting about the people who needs this, as you've needed it at some point in your life, make you just such a great human being!
Cheer Simeon! I appreciate the feedback!
Hi Stacey! Am great fan, u goofing a good Job, keep it up. Please and looking for the video that explains the 12 candles..
What is the candles..
Thanks for the feedback Victor! This video may help ua-cam.com/video/HJv2RkUzkdo/v-deo.html
Constructive
hey stacey, what do you think about backtesting by simulation software. you simply clear the chart till a certain backdate. do you think that is a better way to backtest? just so you can gain more experience. please reply.
and that way i can simulate live market conditions and use your teachings.
Hi Sheriff, great question! I should clarify, I think it's important to back test, but with the understanding HOW you would execute and duplicate in live time settings. That is why I focus on timings so much because it's a constant and the majority of time the shift or continuation happens within that 3 hour window, and usually on an hour rotation with the 15 minute candles. Knowing where profitable trades sit on the left of your a screen above and below, highs and lows, all the constants that can be reproduced. Then identifying the price action you need to see to confirm your trade thesis. Reversal or continuation etc. I always "backtest" with how I will execute in live time.
@@StaceyBurkeTrading yes thank you for answering. That is exactly what i do. i keep track of sessions and timings like it's live.
thank you, we appreciate you.
Great stuff Sheriff! Cheers
Gret content. I am learning more here than any other forex channel on UA-cam.
Priceless info
Glad to hear it Cheers! I appreciate the feedback!
Allowing losses to occur on a constant basis despite the desire to make money is nothing more than prostituting the spirit. The pain spreads on a psychological and physical level to such a degree that one will literally turn into a numb zombie. Giving up might be one solution however if pushing on with enough grit is the true calling, I can tell you that over time the subconscious mind will give clues of what's needed to be done. Silence and solitude in the nature is the path to clarity. When the desire to make money is too strong then you'll know that the attachment trap is working against your best interest.
Thankyou for your Constant Vids Stacey, your a Godsend 😇 I wouldn’t even be Trading if it wasn’t for you! Would still be doing all the things you Have just said!! You are changing ppls Lives thanks so much 💓💓
Keep it going ChezR! Your best trading is still ahead!
Hi Stacey, does this concept work as well in non Forex markets such as stock index or commodity futures (such as crude oil or metals)? Reason I am asking is that there has been much more movement in those than in Forex.
You need to study any market you trade as they all have some unique personality traits based on the large traders that trade it regularily. Timings etc, but for the most part all markets hit stops, trap traders and shift. The GBP pairs offer lots of movement. All markets trade off the highs and lows though for sure.
Thanks Stacey for the reinforcement --- a real reminder listening to this. Bless me father for I have sinned...….……………...
It's a daily battle of constant progress Ernie! That's trading!
'I'm going to get rich'... said with a wry smile. Stacey definitely has attained megabucks with his trading :) Thanks for another excellent video!
Thanks Salman! LOL! :D
thanks Mr Stacey for all the advice
Thanks for another video
You bet Anthony!
Priceless content.
Thank you JH! I appreciate the feedback!
Im having difficulty knowing where the real high of day or low of day is, i mostly look for areas where the dharma period sets and take that as the high or low and then a prior peak as the low or high vice versa... But oftenly i find that the stop hunt extends to even deeper peaks, only to return to my intended direction... Do you have advise of fine tuning my entries at the correct HOD or LOD?
I would highly appreciate your response
Hi Rouje, if you look at my daily levels video I mark off the levels where stops are and highs and lows. Will go into more detail in a video this week about preparing for each session. Just keep marking your charts and getting better. Identify swing highs and lows and know if you are inside or outside of them Consolidated or trending / ranging.
Hi Stacey, have you ever considered developing an algorithm for automated trading using Makert Maker Moves?
The FOMO - that's a nasty one - I worked around it by removing the current bar close from my charts whether it be a fast moving 250 tick chart ( my favorite for timing) , 1 minute chart or daily chart so I only focus on the arguments at the highs and lows and the pattern of the major chart and minor chart. Then fade it with a trail from whatever the high or low the market decides If filled immediately, set orders to take off half of the position from the relative high or low. If filled and half remaining. I now I have time to think more, should I scratch, all or nothing 2:1, add to the position, reverse position, trail stop, target etc.
Love it Django! Thanks for the input!
@@StaceyBurkeTrading This is how my basic chart looks - ua-cam.com/video/cuVtuRDlSEE/v-deo.html
This video is perfect bro on the money
Cheers Slabs I appreciate the feedback!
Nice one Stacey. Thanks.
My pleasure Mike! Thanks for following!
So true, not much to add.
I hope not Gio! :D
What is the twelve candle window??? Hear this in almost all the video I have watched.
Start here J ua-cam.com/video/zpoKUeZBdbA/v-deo.html
90/90/90 RULE... 90% of traders lose 90% of their account within the first 90 days of opening an account..
Which Broker do you use?My broker is not legit enough for you to put a stop loss
Send me an email Adrian I can fill you on that! staceyburketrading@gmail.com
Stacey do you lose any trades?
All the time Malik! I have learned to cut them quickly, re-assess and not be to stuck on one idea. I try not to focus on whether I am "right," I just focus on executing and detaching myself from each trade outcome.
So could you say you’re rich and successful from trading? Apologies if it’s an insensitive question but some of us would appreciate this sort of motivation from you Stacey.
Comparison is the thief of joy! That is a subjective question! Rich and successful? I am doing what I love and getting paid to do it and constantly setting the bar higher on myself to get better. I'm healthy my family and kids have a great life. So yes I guess you can say that I am.
Do you still "end of day trade", or do you only day trade now?
I only day trade Soul. To clarify though, I am trading with end of day movement in some of my trades. The same setups occur on end of day, usually at the beginning or end of a month, I will look to trade those within the daily trades in the direction of the underlying move. The reason is that scaling was always my goal. End of day trading is challenging for account sizes and risk tolerance. I feel I can scale trade size and control risk better day trading. I don't like to go to bed being in the market. I like being flat and starting fresh each day.
I think the biggest mistake traders make is to let the broker train you. They don't realize that when you loose the broker wins. They don't realize that it's the brokers job to make you broker.
You're right Harm! Although some brokers only hedge they don't counter trade in house against their clients.
13:04
"cry yourself to sleep lol" FACTS
Truth! :D
EXPANSION TOOL, FIB SETTINGS ANY HELP MATE .... SORRY ABOUT THE CAPS LOL
cant remember how many times I have blown my account
right, the market doesn't care if i memorized all the free cheat sheet i've downloaded, lol.
LOL :)
Nice shirt, looks like ur going for a bank robbery xD
LOL :D