The random distribution of profits and losses. We never know when we will get profits or losses because we don't know what market is going to do next. Thank you, Jason. Great lesson!
I don't think I've ever heard any other trader say 2 months of the year I've not made a penny... True transparency right there and a reality check that it's not all lambos & dubai..... I'm all about the megane and butlins life yo! 👍🙏
This was super helpful. This is a very objective approach to trading that anticipates a cost. You hear over and over again, that part of trading is losing, but it doesn't sink in until you start taking loss after loss. A business plan that anticipates loss as cost is also easier on the psychology. Loss doesn't have to be so personal, it's just business.
I wish I saw your videos before I embarked on trading. I thought I knew it all and almost lost everything. I got to the point where I was taking pay day loans to prop up trades. I've had to learn the hard way. Education and discipline is so important. I've gone back into trading with a fresh outlook, rules and strong discipline. I'm still learning and always will be. Your videos have been so valuable. I just hope other traders who want to get into it see your videos before they make the same mistakes I did.
That is why you must do your due diligence and back test your strategy to fully understand your probable edge over a sufficient time span. Because if you do not have an idea of your average return over time then , in my opinion , you are more likely to fall prey to the psychological pitfalls of trading. Good post Jason
Hey there Jason. Thank you for shedding some light on this topic. It really help put things into perspective. Would you please elaborate on why you wouldn't want to be withdrawing profits during a drawdown. Your understanding would be greatly appreciated
Brilliant video Jason. I'm not trading year, probably a year away from it but it's great to think of losses as the cost of doing business. Helps the psychology. It was great to hear you briefly touch on withdrawals from your account. I would love to hear you chat about this during the 3-day event. I would love to hear your thoughts/advice when it comes to growing your account with compounding and at the same time allowing small withdrawals or paying yourself once you are consistently profitable. Thanks, Jack.
Learning alot from this video keep on shining my brother . Treating Forex as a business it makes more sense when taking a loss and maximizing on profits
Hi Jason. Great video! I'm really getting a lot of value from watching your videos. My trading is a lot better since I started following you and Akil. Keep up the good work
You forgot two points; account size and risk management. It's impossible to get rich on a 1k USD account since the risk level needed will wipe you out using high leverage. And even if you've got the capital, you'll loose if the risk management is not in place. The best traders in the world have a 50% win rate and earn 20-50% per year, people have unrealistic expectations combined with inferior knowledge so most lose everything according to the 90-90-90 rule.
Hey mate, quick question, do you use a win loss ratio to track. E.g. over 10 or 100 trades do you look for 60% win 40% loss. To keep an eye on you system
I'm always amazed how much paper is wasted each time they turn the page...often times all an entire such BIG sheet of paper is used for are some scribbles of a few words or 1 or 2 circles/squares drawn...if one has been attending seminars or lectures, you know what i mean !! Paper seems too cheap but nevertheless i find it wasteful when used in this way.. white board with eraser would seem more 'efficient' but i suppose it boils down to the cost of buying a big bundle of paper versus that of a white board & eraser (marker pen cost excluded as that's common cost here) ?
Jason Graystone thank you very much for posting this wonderful video. It’s just sad how I don’t have enough money to come back to the platform. I did take the courses, backtested most of the strats I’ll be trading in 6 pairs. I started trading two months ago, and I’m in that boomer busters phase. The mental side of trading is what I’m struggling with the most, and being in the platform would definitely help. I moved out from my mom’s house to come here in a different state to work more and save. I did have enough money to spend five months in the platform. I’ve already given up al for this, and I’ll def find a way to have the money to get back. This psychology problem will be fixed when I surround myself with liked minded people who are striving for success in trading. I’m just hoping to have the money by January to get back in the platform. Trading is my only last way of making in life, and I must become successful in trading. Thanks again champ!
Doocka Media Hi, so since those 2 month of trading are you at loss ? did you follow your strategy rules, I'm considering to join, but 300$ a month is a big investment for me too.
@@JasonGraystone Can't forget about other businesses you're in competition with. People don't usually eat at McDonalds and Burger King at the same time.
I love the way Jason encourages you to take up 2 positions in a trade. He says this is to let 1 position hit target then cut that position and let the 2nd run “AS A FREE TRADE” 😂😂😂 no respectable trader exits a winning position GARBAGE TALK
Daniel Harvey , you haven't seen Jason trade, when he lets the trade run , his stop losses are at break even , so he is looking to make $$ on the 1st trade and is looking for extended targets on the 2nd and if that makes 1.61% or greater , its a 2nd win but if he gets stopped out , its a no loss trade , time to watch some of his and Akil's vids and be educated
Hey, Jason! Great analogy. Sooo much wasted paper though.. :D I hope you at least recycle and inspire others in that area as well ;) Keep up the good eye-opening work, I wish you all the best! ;)
Mark Rusher I don’t think you have researched us much. We don’t charge people anything until they have literally watched us trade live every day for two weeks then it’s up to them. No risk, no autocharges, no upsells nothing. Just pure transparent education to create successful traders. Check out the trial.
you dont really need a trial though.. just a photo of mt4 profit and loss sheet. Not even a big deal. Just upload it somewhere. At least it shows the reality of things! there are thousands of scamsters and con men around forex. By doing this is to show you are the real thing. You would probably end up with alot more people joining you as well!
The truth? Not really. You cannot get the truth by using false analogies. Here is what a business would look like if businesses were run like trading the way trading couches teach it. Since you used a wedding cake example, let's go with that setup. You are a wedding cake maker in the state of Conservativeland. On Wednesday of a certain week, the State Supreme Court takes the widely anticipated ruling to legalize gay marriages (you have analyzed the markets and found the perfect entry). You gather your staff and you say "The gay marriages are now legal, we expect hundreds of gay couples to get married over the next two weeks" (you justify your entry with fancy technical analysis and pretty coloured charts in a "war room" or whatever). So you order your employees to purchase all materials for making 200 cakes and then go in and make those 200 cakes, store them in your fridges, and you pay your workers (you take the position). On Friday afternoon, the Governor of the state of Conservativeland issues an executive order to halt all gay marriages indefinitely (a major news hits the wires, the market reverses on heavy volume). Your cakes have 10 days expiration time. 10 days later you throw them all in the garbage (your stop loss is hit). If you were prudent businessman and your company were of decent size, you swallow a loss on the cakes and you swear you will only do straight weddings from now on (you followed money management). If you were a small cake shop and you invested all in thinking how you would just scoop those pink dollars, you are bankrupt (get a margin call).
The random distribution of profits and losses. We never know when we will get profits or losses because we don't know what market is going to do next. Thank you, Jason. Great lesson!
Marcelo Alisherov you’re welcome. Thanks for watching
I don't think I've ever heard any other trader say 2 months of the year I've not made a penny... True transparency right there and a reality check that it's not all lambos & dubai..... I'm all about the megane and butlins life yo! 👍🙏
Joe Jenkins haha. It’s so true. I’m about the freedoms life. Covering living expenses. Being able to do what I want, when I want from wherever I want.
@@JasonGraystone great
This was super helpful. This is a very objective approach to trading that anticipates a cost. You hear over and over again, that part of trading is losing, but it doesn't sink in until you start taking loss after loss. A business plan that anticipates loss as cost is also easier on the psychology. Loss doesn't have to be so personal, it's just business.
I wish I saw your videos before I embarked on trading. I thought I knew it all and almost lost everything. I got to the point where I was taking pay day loans to prop up trades. I've had to learn the hard way. Education and discipline is so important. I've gone back into trading with a fresh outlook, rules and strong discipline. I'm still learning and always will be. Your videos have been so valuable. I just hope other traders who want to get into it see your videos before they make the same mistakes I did.
Jason Jay thanks Jason!
Great video Jason, well explained...thank you.
That is why you must do your due diligence and back test your strategy to fully understand your probable edge over a sufficient time span. Because if you do not have an idea of your average return over time then , in my opinion , you are more likely to fall prey to the psychological pitfalls of trading. Good post Jason
I love the honesty of this guy hope a lot of newbies can take your advice n stop getting scammed by these fake bling bling you tube forex traders.
That is my aim!
As usual, amazing content. Thanks!!!
Violinada Trading TV glad you enjoyed it.
Hey there Jason. Thank you for shedding some light on this topic. It really help put things into perspective.
Would you please elaborate on why you wouldn't want to be withdrawing profits during a drawdown. Your understanding would be greatly appreciated
great content coach absolutely loved it
cody brown awesome
Awesome class. Thank you so much
Diney Bispo welcome!
I've been grumpy all day but this has helped put things into perspective. thx Jason
Great Video Jason.
Brilliant video Jason. I'm not trading year, probably a year away from it but it's great to think of losses as the cost of doing business. Helps the psychology.
It was great to hear you briefly touch on withdrawals from your account. I would love to hear you chat about this during the 3-day event. I would love to hear your thoughts/advice when it comes to growing your account with compounding and at the same time allowing small withdrawals or paying yourself once you are consistently profitable.
Thanks,
Jack.
weshakeandbake get the question into the link in description when you reserve your seat
Great video. Subbed
Whey Jason! Good old bitcoin
I show I saw this video 4 years ago when I started Trading .this this what most people need to hear this is the hard truth of trading endeavour
Learning alot from this video keep on shining my brother . Treating Forex as a business it makes more sense when taking a loss and maximizing on profits
Great info - Thanks
Very nice concept jason 👍
tuan nguyen 👊👊
I have never thought of my trading like this. This is brilliant
awesome
Hi Jason. Great video! I'm really getting a lot of value from watching your videos. My trading is a lot better since I started following you and Akil. Keep up the good work
Mxolisi Peter Ndlela awesome. Myself and Akil love hearing feedback like this.
You forgot two points; account size and risk management. It's impossible to get rich on a 1k USD account since the risk level needed will wipe you out using high leverage. And even if you've got the capital, you'll loose if the risk management is not in place. The best traders in the world have a 50% win rate and earn 20-50% per year, people have unrealistic expectations combined with inferior knowledge so most lose everything according to the 90-90-90 rule.
Fredrik Wallinder the best traders in the world do not have a 50/50 win rate. They have more of a 20-30% win rate.
Straight up Jason thanks,.,
Bruce Smith you’re welcome.
Hey mate, quick question, do you use a win loss ratio to track. E.g. over 10 or 100 trades do you look for 60% win 40% loss. To keep an eye on you system
Hi Jason, i just thought I'd ask, did you try out a lot of strategies before you found the one for you.
i trade 7 different styles depending on the market. Yes there were many strategies I dropped because they were not profitable for me
very smart man great advice
Marc Barling 👊👊👊👊
thank you sir
ArvinJames Padilla you are very welcome
Awesome drawing skills!😉
I'm always amazed how much paper is wasted each time they turn the page...often times all an entire such BIG sheet of paper is used for are some scribbles of a few words or 1 or 2 circles/squares drawn...if one has been attending seminars or lectures, you know what i mean !! Paper seems too cheap but nevertheless i find it wasteful when used in this way.. white board with eraser would seem more 'efficient' but i suppose it boils down to the cost of buying a big bundle of paper versus that of a white board & eraser (marker pen cost excluded as that's common cost here) ?
Nicolas Lorieux 😂😂
This video shifted my mind completely. Thanks champ! You made it so clear.
Doocka Media excellent. Thanks for watching
Jason Graystone thank you very much for posting this wonderful video. It’s just sad how I don’t have enough money to come back to the platform. I did take the courses, backtested most of the strats I’ll be trading in 6 pairs. I started trading two months ago, and I’m in that boomer busters phase. The mental side of trading is what I’m struggling with the most, and being in the platform would definitely help. I moved out from my mom’s house to come here in a different state to work more and save. I did have enough money to spend five months in the platform. I’ve already given up al for this, and I’ll def find a way to have the money to get back. This psychology problem will be fixed when I surround myself with liked minded people who are striving for success in trading. I’m just hoping to have the money by January to get back in the platform. Trading is my only last way of making in life, and I must become successful in trading. Thanks again champ!
Doocka Media
Hi, so since those 2 month of trading are you at loss ? did you follow your strategy rules, I'm considering to join, but 300$ a month is a big investment for me too.
BTW.. normal businesses have the winner-loser relation as well
Mv3 Trader only if you have a very poor product that’s over priced.
@@JasonGraystone Can't forget about other businesses you're in competition with. People don't usually eat at McDonalds and Burger King at the same time.
I love the way Jason encourages you to take up 2 positions in a trade. He says this is to let 1 position hit target then cut that position and let the 2nd run “AS A FREE TRADE” 😂😂😂 no respectable trader exits a winning position GARBAGE TALK
Daniel Harvey , you haven't seen Jason trade, when he lets the trade run , his stop losses are at break even , so he is looking to make $$ on the 1st trade and is looking for extended targets on the 2nd and if that makes 1.61% or greater , its a 2nd win but if he gets stopped out , its a no loss trade , time to watch some of his and Akil's vids and be educated
Daniel Harvey I think this comment tells us a lot about your knowledge tbh. Keep hating big man!
I like this vid
realdudevision great.
Wonderful!👍
Charlene P 👊👊
Hey, Jason! Great analogy. Sooo much wasted paper though.. :D I hope you at least recycle and inspire others in that area as well ;)
Keep up the good eye-opening work, I wish you all the best! ;)
おTibor thanks!!
just show 6 months of trades!... enough of the talk!
why?
Mark Rusher I don’t think you have researched us much. We don’t charge people anything until they have literally watched us trade live every day for two weeks then it’s up to them. No risk, no autocharges, no upsells nothing. Just pure transparent education to create successful traders. Check out the trial.
you dont really need a trial though.. just a photo of mt4 profit and loss sheet. Not even a big deal. Just upload it somewhere. At least it shows the reality of things! there are thousands of scamsters and con men around forex. By doing this is to show you are the real thing. You would probably end up with alot more people joining you as well!
jammapcb lol. Thanks for the advice. A fake edited pdf hardly better than letting people watch me trade every day. It means nothing.
yes but you are not that sort of person are you? and you can verify them with certain software! you got any preview videos of you trading then?
The truth? Not really. You cannot get the truth by using false analogies.
Here is what a business would look like if businesses were run like trading the way trading couches teach it. Since you used a wedding cake example, let's go with that setup.
You are a wedding cake maker in the state of Conservativeland. On Wednesday of a certain week, the State Supreme Court takes the widely anticipated ruling to legalize gay marriages (you have analyzed the markets and found the perfect entry). You gather your staff and you say "The gay marriages are now legal, we expect hundreds of gay couples to get married over the next two weeks" (you justify your entry with fancy technical analysis and pretty coloured charts in a "war room" or whatever). So you order your employees to purchase all materials for making 200 cakes and then go in and make those 200 cakes, store them in your fridges, and you pay your workers (you take the position). On Friday afternoon, the Governor of the state of Conservativeland issues an executive order to halt all gay marriages indefinitely (a major news hits the wires, the market reverses on heavy volume). Your cakes have 10 days expiration time. 10 days later you throw them all in the garbage (your stop loss is hit).
If you were prudent businessman and your company were of decent size, you swallow a loss on the cakes and you swear you will only do straight weddings from now on (you followed money management). If you were a small cake shop and you invested all in thinking how you would just scoop those pink dollars, you are bankrupt (get a margin call).
Eric A. Kantchev excellent. Love it. Keep smashing it. 👊
gay marriages (you have analyzed the markets and found the perfect entry.
this shouldnt be in any story! lol