What You MUST Know In Your 1st Year Of Trading (Important)

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  • Опубліковано 28 гру 2024

КОМЕНТАРІ • 68

  • @FinancialWisdom
    @FinancialWisdom  Рік тому +4

    My Brokerage Account (Interactive Brokers) - bit.ly/3UGvn1U
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  • @HumbertoTovarR
    @HumbertoTovarR Рік тому +15

    After 2 years of day trading I finally completely understand this video, thank you.

  • @MPlain
    @MPlain Рік тому +6

    1) Slow down
    2) When you fire up your chart. Do not worry if you do not get a piece of this move happening right now. The fear of missing out mindset will cost you $ far more times then make you $. Consider this inactivity to be a guaranteed profit, because..... it is.
    2) Plan out your trade carefully. When do you get in? Why? When do you get out for better or worse? Why?
    3) Wait for the conditions of your trade to be met.
    PATIENCE is the #1 reason people lose $.
    You are your own worst enemy in trading.
    Even when i knew what i was doing. Getting past that first FOMO trade was big. Slowing it down and waiting for it is what took me from being a losing trader to a winning one.
    You do not need the whole move.
    You do not need every move.
    You do need a trustable and reliably consistently profitable set of rules that you stick to like they were religion.
    10 pips a day will change your life.
    yes...more is welcome. but aim for 10 and if you get more great.

  • @mehrdadmithra9591
    @mehrdadmithra9591 Рік тому +5

    Exactly one year ago one videos in this chanel made me interested in trading. Now after one year of some experience trading I've exactly seen all the things mentioned in this video specially common mistakes ! .This video is Very impressing for me,. I'm now exactly dealing with the last tings mentioned in this video. Seems to me almost every trader has to go trough this complicated path. Thank you for high quality video,its really helpful and fun to watch.

  • @7rang.
    @7rang. Рік тому +4

    There are only two channels on English-language UA-cam that I watch to the end. This is your channel and trading rush.

  • @ffaizalmajid
    @ffaizalmajid Рік тому +1

    the best channel for traders. I've been a subscribers for few years. watched most of the videos in this channel. the only channel that tell the truth about trading. no wonder it is called financial wisdom. great work! i hope one day i'll meet you in person.

  • @kahouflorentkokouvi4721
    @kahouflorentkokouvi4721 15 днів тому

    trading is a carrer, not a hobbies, then it take time to be proficient, consistency is the key

  • @nwaleed01
    @nwaleed01 Рік тому +1

    This is great video and must watch for any new trader. 2 years ago i started with Canslim style and i wanted to be a hero in 3 months. I totally understand now that it takes 2 years (at least) to build a sound process .. then start fine tune it year after year

  • @jthiriot
    @jthiriot Рік тому +1

    Very high quality content! Beginners : years of trading experience condensed in 7 minutes. It took me nearly 2-3 years of failures to understand what is described here. MEGA high value shared here. Money/Risk management shall be focused on FIRST before any kind of indicators or setup-up or grail-signal. Thank you for this video 👍

  • @Bubs0271
    @Bubs0271 Рік тому +1

    The pictures of the yr1, yr2 traders are so accurate lol. I was SO angry and miserable my 2nd yr of trading.

  • @brynx24
    @brynx24 7 місяців тому

    question is, after learning forex should I learn vix?

  • @tianxia4092
    @tianxia4092 Рік тому +1

    I've been watching your videos for a few years now, nobody focuses on the fundamentals of trading quite like you.

  • @Quantum-Nexus
    @Quantum-Nexus 4 місяці тому

    This is a great video! Thank you very, very much! You are a blessing to this industry!!

  • @AlessandroBottoni
    @AlessandroBottoni Рік тому +1

    Great video! Kudos!

  • @Biceps_Mou
    @Biceps_Mou Рік тому +1

    Great video to focus on the pyschological / expectationa aspect of trading success!
    I also really like your trading system, combinig fundamentals, technical set-up and momentum.
    Disclaimer: I am subscribed to the Financial Wisdom trading community and very happy with the process . So much learned already and progress made.

  • @tomallison4103
    @tomallison4103 Рік тому +1

    Good stuff, a always!

  • @gavittushar2959
    @gavittushar2959 Рік тому

    Bro forex for trading stretegy?

  • @rexriyas
    @rexriyas Рік тому

    Hi bro , I wish to know how do you make such great videos. I wish to learn it, how do I do. I am serious

  • @ferblancart8669
    @ferblancart8669 8 місяців тому

    I entered the market just 3 days before the correction, man what a month has been, net loss but the noobie mistakes I made hurt more than the money gone. Stupidest thing is I entered with mindset of long term and not timing the market investing in "layman" well researched stock ...which mostly did well but I couldn't handle the red and went out to cut losses, if I had rebought them i would have now a net profit, noob i am

  • @BioInsight_Lectures
    @BioInsight_Lectures Рік тому +1

    My early mistakes @3:08 Btw, thankyou for nice content as always

  • @SiyanSonda-jq9ls
    @SiyanSonda-jq9ls 5 місяців тому

    Very useful

  • @seanwise1023
    @seanwise1023 5 місяців тому +34

    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 Catherine Gauthier.

    • @ClaraJackson-r9b
      @ClaraJackson-r9b 5 місяців тому

      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.

    • @DebraDavies-12
      @DebraDavies-12 5 місяців тому

      She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.

    • @TeeTemce
      @TeeTemce 5 місяців тому

      You trade with Catherine Gauthier too? Wow that woman has been a blessing to me and my family.

    • @Lizzakoshy783
      @Lizzakoshy783 5 місяців тому

      I'm new at this, please how can I reach her?

    • @BruceKovner273
      @BruceKovner273 5 місяців тому

      I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much

  • @ehtashamamir7041
    @ehtashamamir7041 5 місяців тому

    excellent as usual. i have watched few of your videos umpteen times in last 2 years and have learnt some great lessons. the current video very clearly chalks out the path a new trader must take and I can now relate with this video perfectly

  • @wannabemgtow2540
    @wannabemgtow2540 Рік тому +1

    I've been Trading for about a year and a half and this video is extremely well made for beginners. The best quote was Trading is a marathon never treat it like a race

  • @williamkz
    @williamkz Рік тому +1

    Loved the egg on Cathie Wood's face! She needs to watch your videos.

  • @bulltraderpt
    @bulltraderpt Рік тому

    Trade your psychology not what some trading gurus teach. I scalp as this suits my personality.

  • @SharkBreath93
    @SharkBreath93 Місяць тому

    These Greg secker adverts are having a serious effect on my mental health

  • @bibbidi_bobbidi_bacons
    @bibbidi_bobbidi_bacons Місяць тому

    👏👏👏👏

  • @FukumoneY
    @FukumoneY 11 місяців тому +1

    😊😊😊😊😊😊😊😊

  • @g.o2092
    @g.o2092 Рік тому

    How come all the scam accounts are named "Anderson" for some reason. Its funny as hell to me 😂😂
    Don't they have other names to use?

  • @andrewholmes-171
    @andrewholmes-171 Рік тому +37

    Great! The year is almost over and very glad about the decisions I have made so far. Investing in the market earlier this year regardless of the market conditions has saved my life. I made over 70k USD with a start of 25k in the last 3 months trading with a professional, I remain eternally grateful to Michelle Stewart for her efforts that got me to this point. I know it's nothing compared to what others make but I'm glad I'm changing my finances.

    • @julienolke-vx5lk
      @julienolke-vx5lk Рік тому

      I'm surprised you know her. I've been making a lot of profits investing with her for a few months now.

    • @FrankWilliams790
      @FrankWilliams790 Рік тому

      Mrs Stewart changed my life because of the high profits I got from investing with her.

    • @JohnAlbert209
      @JohnAlbert209 Рік тому

      You invest with Mrs Stewart too? Wow that woman has been a blessing to me and my family.

    • @karenrobinson598
      @karenrobinson598 Рік тому

      I'm new at this, please how can I reach her?

    • @DonaldHuge
      @DonaldHuge Рік тому

      I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much

  • @Ondrej_TradeStreet
    @Ondrej_TradeStreet Рік тому

    Hi there! 📧
    I hope you're doing well. And great job on the post. Just wanted to kindly remind you that I sent you a message about a potential white label partnership opportunity and would really appreciate a response whenever you have a moment. Thanks in advance! 😊

  • @3702251a
    @3702251a Рік тому +2

    You know this is one of the best advice for newbie’s. Excellent video! Know the direction of the Market. Personally I don’t trade if sp500 below sma 21