The Only Day Trading Strategy I Would Use If I Started Over
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- Опубліковано 10 тра 2024
- What is the best day trading strategy to use? Is it ICT? Is it SMC (smart money concepts) ? Is It supply and demand trading? Is it support and resistance? Is it order flow? Is it Fibonacci? Technical analysis?
In this video, I discuss what I would focus on if I was a beginner trader.
With trading, technical analysis skills alone are not enough; discipline and emotional maturity are also crucial for success. The saying "time in the market vs. timing the market" is a good mindset to have during market fluctuations. Thanks to Linda Wilburn’s insights, daily trade signals, and my dedication to learning, I've been increasing my daily earnings. Keep it up!
It was quite challenging to understand the different trends on my own until i found out about Wilburn. Trading made easy.
I think of it as strategy is a theory. Yes apply your own method, which is unique per person. Great video explanation on risk parameters.
Absolutely!
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.
I will advice you should stop trading on your own if you keep losing.
If you can, then get a professional to trade for you I think that way your assets are more secure.
I'd recommend,,,,, Letecia Malana,,,,, , her profit is great even when there's a dip💥
Once someone explained to me why casinos have table limits, I finally understood risk management. Number one goal, stay in the game.
The truth !
This makes sense
"I'm a Risk Manager"...golden advice! Thank you.
True !
Basically there isn’t any “correct” way to trade. You just need to find a system that works for you. This is what ICT gets wrong. ICT claims that his way of trading is the only way to trade
Exactly what I explained in this video
ICT doesn’t claim that’s the only way to trade… He’s even said it on his streams.
Liquidity is what fuels the markets on a time based delivery and ICT is a great source to get in sync with the reality of the markets.
Volume (completed transactions) is what causes the market to move
@@carmine_rosato counter party orders above highs (premium) and below lows (discount).
This....this IS the absolutely the most essential truth shared. I have known this years ago and tried to dissuade people from paying signal services. Trading is a "style" that must conform to your own unique needs. Excellent job in explaining this truth, Carmine.
WOW! I felt like I was right across from you listening. My strategy is solid, you talking about 51% vs. 49% put "risk management' and 'strategy' into two different categories for me. I now see it as separating the two, because without the one, you truly cant figure out the other. Thank you!! All Love!
I needed to hear this thank you. How do I join your daily lives?
Really solid advice here, and can confirm because I have lived it over the last couple years. Best advice I can add to this for new traders is to just give up the idea that this is going to be a quick or easy way to make money. Lengthen your time horizon and understand you need to put in the level of work that other professional performance based fields need to put in to reach success.
Strongly agree....you can have the best strategy known to mankind but all it takes is a lose or 2 and its curtains if the risk management is not solid enough. A poor strategy can keep you afloat for some time but poor risk management can wipe you out in quick time.
First, the community needs you 👏🏽👏🏽
Risk management takes emotion out of your trade. 3 years in and I still have to remind myself of that
1000%
All that matters is Expectancy . Risk management is key to staying alive ........if Risk/ Reward is > 1 .5 , you only need to be corect 50% of the time
Great video as always,
Another key aspect besides position size for risk management, it is entry and exit.
Great content !
Cheers
Thank you, Carmine, as always! I never cared how much money you make or lose. I'm learning so much from you. I would even say that risk management takes 40% of success, another 40% is attributed to managing emotions, and your edge or a strategy is 20%. Why so low? Because you can be profitable even by flipping a coin if you properly manage the other 2.
For sure but being able to manage risk properly will help manage emotions way better.
I would say risk management is 70% if you do it systematic way.
@@carmine_rosato Yes, absolutely. I've been definitely noticing improvement in my emotional and mental stability when I manage risk and cut losses according to plan. I guess my next evolution step as a trader to actually treat my losses that happened according to plan as wins on emotional level. I love that mindset that you talked about. Thanks again!
@@Term23russo true man. You can be INSANELY profitable with a coin flip 50/50 and a 1:3 1-2.
Hell you can be even profitable with a 1:1
@@Kloutkulture Here we just developed a New strategy! Heads - go long, tails - go short!
Thank you for this sharing and channel. Your sharing make sense. Learning ideas on how to trade and watch people trade live helps. But I cannot mimic them consistently. It’s like learning basketball and watch Jordan/Lebron/Kobe.. play will improve my game but just cannot be like them. But it’s surely help me in the game and find my own way according to my height, strength and copy some moves. Something like that.
One reason I like debit spreads! You can see your risk and reward and both are fixed!
Sooo good! I love your explanations here. Red days can be such a benefit if you really absorb the lesson after the fact. Thanks for the great video Carmine! 🔥 🙌🏼
Glad it was helpful!
Amazing video..risk management..is everything..to do this for long time..❤❤
Yes, true
Thank you, Carmine! I really appreciate this very personal style talk. I’ve learned so much from your videos in this first year of my trading.. and definitely how important having a solid risk management system is. Thank you brotha.
Wow, It feels like this video was made exactly for me!)))) you are so spot on, Carmine! Thank you as always!!!
Great video Carmine, mindset and learning from your mistakes are essential factors in becoming a successful trader... thank you!
Absolutely!
That’s so true my interpretation of supply and demand and risk can’t be exactly we’re not mind readers. You take something from anyone and adapt it to ur way
In almost 5 years of trading journey, lost tons of money not because i didnt have solid strategy, but didnt have proper risk management.. love to be called "Risk Manager" 100%
Absolutely bro !!
Great video, I agree that we are risk managers.
X2
@carmine, you're spot on. I have said before that you strategically drop gems. I am rinsing and repeating my strategy. Thank you for your mentorship.
No matter the strategy, if you don't strengthen risk management you will not be successful.
Glad to be able to learn from someone like you Carmine! including Dylan!!
Much appreciated bro 🤝🏽
- these are facts!!! Also this video production is nice. Nice change! 🚀
Appreciate it! Glad you like it
Nice new setup dude, high quality coming in
should I be trading mini contracts or micro contracts? and is it possible to trade both on the same broker?
I am trying to wrap my head around all of this because I maybe want to switch to trading futures.
I use momentum strategy and increase position on winner and cut loser and ride the trend.
What timeframe do you use for this?
The og always dropping knowledge
Great video Carmine! Thank you!
Great video Carmine! I like this raw and unfiltered style of content
Thank you for the feedback!
I Agree with You Bro. If you don’t manage your Risk, you won’t stay alive in the Game enough to build a Strategy. You will only Build a Strategy if you stay in the Game Long enough, and you will only stay in the Game Long enough if you manage your Risk….
Hey Carmine, legit question. Have you made more in profits from selling your program/courses or from trading? And will you send your trading statement brokerage to a third party to verify its validity to shut up some skeptics? Thanks
Ty for sharing
Excellent as always
thank you so much for this video. could you please send me the buy sell volume indicator
amazing! how much do you risk every trade in term of % of your trading capital? and how much every day?
Great Advice! Could you maybe cover how to find trapped buyers with different orderflow charts?
Whats your risk management, have you made a video on that?.
Yes tons of videos
Volume Price Analysis
True goat of this trading shit. Thank you for everything bossman.
Thank you sir 🫡
Great video Carmine, thanks
Hi Carmine, is that a real background or a simulation? Cam and lighting look great!
When i look at orderflow, i see dispersed prices with huge volume, you cant tell exactly the price level that gets defended as the market circles back to these high volume areas
You have to write down or memorize the price the activity was transacted at. Or use a to with historic data !
Thank you
Welcome!
It's always great video, brother. See u on Monday ❤❤❤❤
You have to create the strategy that gives you confidence to trade. I took tips from many traders rather than all from one
All facts , blessed to be taught by this Carmine since the start ✊♥️
Fax
Well done as always, Carmine.
Thank you! Cheers!
Top notch production man!
ict for day trading is a must
You may have missed the point of this video
Always dropping heat
🔥🔥🔥
Some of the best quality and most transparent information I’ve seen
Much appreciated man 🙏🏽
Everybody wants to be a day trader these days, so when someone says that, people roll their eyes, but I prefer to be a ''risk management''.
Well said brotha!
Your videos just got a great enhancement 🔥📊
4TH
Drop it on 'em Carm 🚌
Risk management allows you to stay in the game and get experience
I am loving the background!
Glad you like it !
No strategy win 100% everytime, if it does everyone would be a millionaire.
The market giveth and the market taketh. Someone has to win and someone has to lose.
This ❤
In market everything work, you just need to know what works for you and follow risk management, simple
This was on time
top g 💪
:)
Whatever’s profitable
I got a lot of value from this!! Great video Carmine this very helpful!! 🎯🎯💯💯
Wheres the discord
🔥🔥🔥✅✅✅
My biggest issue is risk management i know the setups i like to take but my winners are smaller than loosers so brakeven minus fees. Really struggling this year cant understand why im not taking the trades fear of loss only thing i can think of and its stupid after 5 years
Ict for sure
❤🔥
I think " I'm a Portfolio Asset Manager" sounds alot better
Time to refocus
The TRUTH is back! (Price-Action, Volume, Orderflow, Chart Patterns)
The nonsense is dying! (ICT, SMC, ect.)
Funny how I never heard of any of the legendary traders or market wizards trading ict?
If you had a 100% guarantee that the SPY would be up 10% a week from now where would you put your money?
A lot of people just want to copy and paste without developing their edge
Strat 19% Risk Management 21% Psychology 60%
Even if it’s “super valuable”, it’s all temporary. We’re nothing more than a mist.
Ict is the best.
Spiting facts 100%
Always !
@@carmine_rosato how long did it take you to get familiarized with bookmap ? I find it a bit confusing! I guess I just need more time in it
Damn dude, I felt like I was sitting right in front of you
That’s awesome we can be wrong more then right and still be profitable Carmine nobody lays it out like you pal
🙏🏽🙏🏽🙏🏽
i tell people i play a video game and make money everyday. trading like a robot, not like a human. (tm)
Where are the hate comments gone? 😂
Carmine is the truth
Carmine is the shit
CYCC earnings Tommorrow with good News
Sorry bro but you look like MAXIMO the adult star
He must have lots of women chasing him, by now...😉
Click bait. Nothing useful. Delete this.
Dude that thumbnail though!? Ignoring S&D and orderflow for scalping is just stoopid IMHO.
I specifically state in this video that I personally use supply demand and orderflow
Love the new background setting Carmine 🫡