The Telltale Sign of a Terrible Trader (Don't Make THIS Mistake!)
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- Опубліковано 12 вер 2024
- ✅ Start Your Freedom Lifestyle Trading Business with Free Video: go.tradacc.com...
Uncover the telltale sign of a BAD trader. Spoiler Alert: bad traders are bad LOSERS. They don’t handle being wrong & taking losses very well, and it destroys them from the inside out. But losing is a natural part of trading; it can’t be avoided. In the end: The Best Loser Wins.
WHO IS KORBS
My name is Aaron Korbs and I'm a professional intraday Futures Trader specializing in Auction Market Theory, Volume Profile & Order Flow. I'm also the founder of Tradacc.com. Tradacc is a trading education, training, and mentorship platform where I help traders leverage institutional capital using my volume profile methodology through courses like Volume Profile Formula™, Funding Accelerator™ & Profile Method™. I typically work with people that want to create a reliable online side hustle or that would like to turn trading into their main profession.
go.tradacc.com...
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Happy Trading & Watch Your Risk
- Korbs
Risk Disclaimer: go.tradacc.com...
#trading #tradeperformance #riskmanagement #tradingpsychology
Being wrong causes pain, losing money causes pain - but being wrong twice, that is something else. The thought of having to see it go to the target after taking a loss. That is the fear that has held me back the most.
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Really, really, good video. I really appreciate and respect your candid and open discussions and the humility woth which you do it. 💯 On everything you said. Often overlooked is the point about maximizing wins in order to allow the losses to not mean as much. When you don't maximize wins, it can feel like it takes all of this effort to make not very much, and then one or two simple mistakes wipes out all of that hard work. This can be demoralizing and has lead me down the path of trading on tilt many times. Thanks again and I hope you have a great weekend 🎉
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This is exactly what I've been going through the last couple of months. I was on my best win streak, got funded with 2 accounts back to back, and then was getting those accounts in profit right away, and in a single week, just lost control of myself because of market conditions, blew both funded accounts and evals I had been trying to get funded as well. I became unhinged as you said when talking about playing Paddle Ball. And it's just a vicious cycle of making progress and then nuking it to hell due to frustration with market conditions. I've been my own worst enemy and best friend simultaneously. Thank you, Korbs for this perfectly relatable video. The crazy thing is that I know these things, I've gone through this cycle too many times. I know what I need to do, I just need to have the will to do it and keep it.
🍻🍻 glad you enjoyed! Keep going!
I love this concept. Umfortunately its like a chinese finger trap. The more you tell yourself you can accept losses the more likely you are to trick yourself into thinking your are safe (Intertia).
Technology outevolves our mind so i like your approach of stop out stay out.
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Danngit-- This example.... did you steal this from my trade log?🤣🤣. Always sucks getting stopped out by one or two ticks! Good perspective to help us process those inevitable losses
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The best stops. Structure stop Value high / VWAP and so on. Broker stop / Daily loss / Trading stop / Time stop. The market is a world champion at making you look like a fool. Only on Twitter are the perfect stops. ;) You can hear all the algorithms laughing. So depressed. :( Structure stop or ATR. Keep up the good homework
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Thanks for the video, Korbs.
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Today i nedded to hear this. Thanks
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It's just amazing how the market does this to everyone. lol
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If you could do a whole video on that last 90 seconds. The asking why. It seemed like you had more to say and would love to hear more
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Great book : best loser wins
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Love it !
Thanks! 🍻🍻
My personal trading strategy and stats:
Dow Jones Futures YM
15 minute chart entry
4 hour support resistance
40 tick stops
120 tick targets
3:1
My win rate is 40-45% win rate
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If a bear passes gas in the woods is there a smell? Bad analogy but the principle is...would the instrument have sought out that low if there was no sellers or buyers at that level ? I
m not so clear on what really is occuring behind chart and dom activity but it appears that heat seeking algos find liquidity even if the market is intending to go up ...imminently or eventually . Is this because the big boys make basket orders that contain every price in a certain range ? Idk but the more intuitive my approach is the better i fare.
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Pay Attention !! Time to Upgrade
The difference between professional UA-camr and basic UA-camr have a line of Thumbnail only !!!
I'll do thumbnails but that's not really important but the important is it increases the CTR of your videos, I work with many youtubers and i know what a youtube channel needs..
So i offer you 50 thumbnail at the price $199. That you use multiple times on your UA-cam video .Probably this is one of the best investment i here from my clients !!
My personal opinion is you bought too high away from the open, the market squeezed all the higher level longs. You then moved your stop instead of taking a small loss and getting back in later to make up your loss.
I did the same thing just today. I bought too high above todays open. I took my small 1R loss. Got back in later and made 3R. Ended day 2R.
I dont give a crap about losses when I have 3 to 1
Thanks Orbs
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