👉 Are you a professional trader? i.e. are you consistently profitable in your trading? What tips would you give novice traders? Tell us in the Comments Below! ✊ 👉 Trade with our Sponsor Broker: Trade Nation www.financial-spread-betting.com/ccount/click.php?id=95 Trade sensibly! 81.7% of retail investors lose money. 👉 We are seeking more contributors who can produce great video educational content about trading for our channel. If you think you have what it takes please get in touch by sending a message to traderATfinancial-spread-betting.com (remove the AT and substitute by @). 👉 It seems a lot of our viewers are non-subscribers. Make sure to subscribe to our youtube channel as we upload regular videos! If you hit the “Bell” icon (🔔) you will receive a notification on youtube every time that we upload a video on our channel. Bell icon hitters are super fans of our channel 🥰
One piece of advice that’s saved me a lot of money is before entering a trade “You have to decide how much money you’re willing to lose”. Yes, it is negative thinking, but the market exists in it’s own universe, the laws of the natural universe need not apply here. What makes total sense rarely happens. In the market world you have to learn how the market behaves and forget everything you’ve learned about how life itself works. You have to learn how to exist in two different dimensions at the same time, your personal life and your trading life.
@@jeskg720 I agree with that. To my other point, it’s earnings season, a company can have a good, profitable quarter, even better than last quarter, but if the estimate was to high it’s an earnings miss and down the toilet we go. It makes zero sense. So you have to factor in what other people are thinking, even if they’re clinically insane. Ive gotten lucky on earnings and had my brains smashed in on earnings, Ive learned to back off at earnings and let the dust settle. I believe it was last august, home depot had something like the best quarter they’ve ever had, then a new excuse was invented “In store reciepts were down” ???? Yeah? So what? Maybe the dollar figures on those receipts were higher than they’ve ever been. “Well, were not looking at that” Result: Home Depot stock dumped something like $20 a share in less than 3 days. Again, alternate universe, zero sense.
I loved this one, thanks so much. I dont know how The master mind manages to come up with a video everyweek that perfectly correspondes to my current mental and emotional state perfectly. Best content ever mate, feels like you are whacting us from the other side of the market.
And that's where my obsession with Jim Simons started. My only favorite icon in this industry. I have in all these years learned to trust the models I created (mathematically derived models). It took most of the human element off and it made quantifying results more solid. Surprisingly by doing this, results went well by leaps and bounds. Trading has always been a numbers game. It would be a lot easy it we can quantify things on it. For instance: 1. EXCURSIONS - data derived from multiple trade results can give a good start in generating the 2. RISK-REWARD RATIO (RRR) - RRR is the best way to express why a trade is taken. It's worthiness with respect to the risk that cones with it. As RRR is determined pre-trade, after it comes the 3. "R" MULTIPLES - these are actual results of the trade. This could validate how good the trader is in generating their RRR. R Multiples can then give data on the trader's 4. TRADE EXPECTANCY - this is the final expression of the trader's performance over a series of trades. This is a good feedback in evaluating and reviewing as to in what phase needs more tweaking and improvement. A good performance metric in my opinion. This has been how I approach my trading and so far I loved it because I can always "QUANTIFY" everything.
These are Great pillars of wisdom which are Essential primers. "Mr Market" (not you Mark!! lol) is unpredictable and volatile. Sticking to these rules will help bring a sense of structure & strategy which will help preserve anyone's sanity!! It's a financial wild west out there and of course you need to know when to pull that proverbial trigger and later the ejection button!! Me, chickening out too early is something I'm currently working on ! Have to say that nothing has been better that throwing myself into the Lions den and trading with real 💰. Boy you learn quickly!! Smaller trades means more different positions & products = more invaluable experience. Trading small and jounalling along the way (otherwise you're not learning ) along with Marks videos have transformed my thinking and approach. While always a "work in progress" , Brain fog has lifted and replaced by Clarity, Process and Planning which in turn have become the seeds of self-belief!!
I find that for intraday forex trend trading most important relevant (Guide)trend direction is ON 15 minute, 1h and 4h charts only-- For intraday trading weekly & monthly trends do not matter much(too far removed from intraday field of activity) & can be ignored. For simplicity sake if 15 minute ,1h & 4h trends are in the same direction, you have a trade set up in the same direction (one could fine tune entry 0n 5 minute charts). In general if daily candle be in the same direction for any trade it is better but not A must.--Sir, what do you have to say?
HI. I have a good video idea for you... I have a great strategy I'm using. But how do I know that it is great? For me it gives me confidence to enter every time but a entry only shows up approx once a week. Is there a check list or something that I can reference it against to know if it is a great strategy, or actually it is a dud, or if I need to have another strat running at the same time etc etc - thanks for your vids they have been very enjoyable.
👉 Are you a professional trader? i.e. are you consistently profitable in your trading? What tips would you give novice traders? Tell us in the Comments Below! ✊
👉 Trade with our Sponsor Broker: Trade Nation www.financial-spread-betting.com/ccount/click.php?id=95 Trade sensibly! 81.7% of retail investors lose money.
👉 We are seeking more contributors who can produce great video educational content about trading for our channel. If you think you have what it takes please get in touch by sending a message to traderATfinancial-spread-betting.com (remove the AT and substitute by @).
👉 It seems a lot of our viewers are non-subscribers. Make sure to subscribe to our youtube channel as we upload regular videos! If you hit the “Bell” icon (🔔) you will receive a notification on youtube every time that we upload a video on our channel. Bell icon hitters are super fans of our channel 🥰
One piece of advice that’s saved me a lot of money is before entering a trade “You have to decide how much money you’re willing to lose”. Yes, it is negative thinking, but the market exists in it’s own universe, the laws of the natural universe need not apply here. What makes total sense rarely happens. In the market world you have to learn how the market behaves and forget everything you’ve learned about how life itself works. You have to learn how to exist in two different dimensions at the same time, your personal life and your trading life.
for me its like chess. You have to plan several moves ahead.
@@jeskg720 I agree with that. To my other point, it’s earnings season, a company can have a good, profitable quarter, even better than last quarter, but if the estimate was to high it’s an earnings miss and down the toilet we go. It makes zero sense. So you have to factor in what other people are thinking, even if they’re clinically insane. Ive gotten lucky on earnings and had my brains smashed in on earnings, Ive learned to back off at earnings and let the dust settle. I believe it was last august, home depot had something like the best quarter they’ve ever had, then a new excuse was invented “In store reciepts were down” ????
Yeah? So what? Maybe the dollar figures on those receipts were higher than they’ve ever been.
“Well, were not looking at that”
Result: Home Depot stock dumped something like $20 a share in less than 3 days.
Again, alternate universe, zero sense.
I loved this one, thanks so much. I dont know how The master mind manages to come up with a video everyweek that perfectly correspondes to my current mental and emotional state perfectly. Best content ever mate, feels like you are whacting us from the other side of the market.
I agree... Do not deviate, find what works for you and stick to it. Possibly incorporate more when you can manage it.
And that's where my obsession with Jim Simons started. My only favorite icon in this industry. I have in all these years learned to trust the models I created (mathematically derived models). It took most of the human element off and it made quantifying results more solid. Surprisingly by doing this, results went well by leaps and bounds. Trading has always been a numbers game. It would be a lot easy it we can quantify things on it. For instance:
1. EXCURSIONS - data derived from multiple trade results can give a good start in generating the
2. RISK-REWARD RATIO (RRR) - RRR is the best way to express why a trade is taken. It's worthiness with respect to the risk that cones with it. As RRR is determined pre-trade, after it comes the
3. "R" MULTIPLES - these are actual results of the trade. This could validate how good the trader is in generating their RRR. R Multiples can then give data on the trader's
4. TRADE EXPECTANCY - this is the final expression of the trader's performance over a series of trades. This is a good feedback in evaluating and reviewing as to in what phase needs more tweaking and improvement. A good performance metric in my opinion.
This has been how I approach my trading and so far I loved it because I can always "QUANTIFY" everything.
This channel is a gem for newbie traders
What kind of a trader are u ? Swing trader day trader scalper?? Can u make a vid reviewing some of ur trades
Mark is mainly a short-term day trader.
These are Great pillars of wisdom which are Essential primers. "Mr Market" (not you Mark!! lol) is unpredictable and volatile. Sticking to these rules will help bring a sense of structure & strategy which will help preserve anyone's sanity!! It's a financial wild west out there and of course you need to know when to pull that proverbial trigger and later the ejection button!! Me, chickening out too early is something I'm currently working on ! Have to say that nothing has been better that throwing myself into the Lions den and trading with real 💰. Boy you learn quickly!! Smaller trades means more different positions & products = more invaluable experience. Trading small and jounalling along the way (otherwise you're not learning ) along with Marks videos have transformed my thinking and approach. While always a "work in progress" , Brain fog has lifted and replaced by Clarity, Process and Planning which in turn have become the seeds of self-belief!!
I find that for intraday forex trend trading most important relevant (Guide)trend direction is ON 15 minute, 1h and 4h charts only-- For intraday trading weekly & monthly trends do not matter much(too far removed from intraday field of activity) & can be ignored. For simplicity sake if 15 minute ,1h & 4h trends are in the same direction, you have a trade set up in the same direction (one could fine tune entry 0n 5 minute charts). In general if daily candle be in the same direction for any trade it is better but not A must.--Sir, what do you have to say?
Awesome advice 👌🏾👌🏾👌🏾
the best advice i ever heard i love u man
Its the British accent for me😍🥰
Good teacher
Thanks man 🙏🏻
HI. I have a good video idea for you... I have a great strategy I'm using. But how do I know that it is great?
For me it gives me confidence to enter every time but a entry only shows up approx once a week. Is there a check list or something that I can reference it against to know if it is a great strategy, or actually it is a dud, or if I need to have another strat running at the same time etc etc - thanks for your vids they have been very enjoyable.