ive never thought about having a position size small enough that if that position went to 0 it wud be its own version of a stop. very intresting my man
This is some sophisticated discussion that other coaches don't touch. They say pay me x amount of money and I give you a stop loss method that you can plug into any situation and it will work. Thank you for your honesty and your wisdom. You are the greatest stock trading teacher living in our time.
I just can't belive that we get so many tips for free...tips from a trader that has so many years experience in the industry. Thank you sir, you helped me to understand myself and to understand how I need to think in this game. Thank you a million times!
This is the channel i was looking for ages. So clear precise and down to the core .. amazing amount of info in every video .. Thanks for the hard work!
Just backtested this on a lot of stocks to make sure u are not nonsense. It turns out I are not nonsense :) The anticipation setup work over 100 percent on upst 20 jan 2021 for only risking less than 5 percent. Insane will dd more
EG ,What your average R multiple for your trades? I have seen you mention your batting avg at 55-65% in Bull markets but I'm curious about R multiple. Asking because you peel 70-80% of your posiition and trail the rest because of your account size.
But, in that PSX example, do you buy just at the open on the breakout day? or on the narrow range day before. The stop changes a lot depending on the day imo, and in some breakouts either you buy before the breakout or it is too late for a good risk reward ratio.
@Joan Roca ive been thinking about this too, i think he may look to see at the opening the stock moving in the expected direction. to still get a good price close to the open as well as getting some confirmation of price direction. but thats just wat ive been thinking
@@Stockbeevideos do you think is a good idea for beginners to risk for every trade a fixed amount of the account (say 1%) and calculate the number of stock to buy from that? Example: buy at 20 with stop loss at 19, with a 100$ max loss (1% of 10.000$ account) would be 100 shares (100$/1$). In this way it does not matter if is a low price or high price stock. Is that right? Thanks.
I make a living from trading now and I trade mid-small and micro caps on the ASX and NASDAQ. I think its important to echo how unrealistic getting a good stop is on these lower cap names. On average my stop is 15-20% .. this is mentally taxing but my grade A setups return baggers every 3-4 trades and this makes up for the larger stops. However, doing this during volatile times like now is always tough mentally as you do lose a large amount of money just trying setups which is why I envy the smaller stop setup but I can not make a living doing that unless I exclusively trade NASDAQ (which is difficult as I hold my net worth in my local currency bank which only allows me to trade ASX)
You need to think more about immediately setting stop to break even when you get the chance.. these days if it taps you out you can for sure buy it lower until the time comes you enter and it keeps going up and gives you room. TSLA is a good example
Hey man i live in australia too, do u use fpmarkets for asx? Ive been thinking about getting into asx trading however i cant find a good broker to short small caps, seems like an undeveloped market here in aus
ive never thought about having a position size small enough that if that position went to 0 it wud be its own version of a stop. very intresting my man
This is some sophisticated discussion that other coaches don't touch. They say pay me x amount of money and I give you a stop loss method that you can plug into any situation and it will work. Thank you for your honesty and your wisdom. You are the greatest stock trading teacher living in our time.
I just can't belive that we get so many tips for free...tips from a trader that has so many years experience in the industry. Thank you sir, you helped me to understand myself and to understand how I need to think in this game. Thank you a million times!
This is the channel i was looking for ages. So clear precise and down to the core .. amazing amount of info in every video .. Thanks for the hard work!
Very useful stoploss advice, thank you very much.
Very thorough explanation about stop loss placement for all kind of traders and set ups.... Thanks a lot Sir..!
One of the best videos I have seen on stops. Thanks for sharing 🙏
Thank you, once again, Pradeep. A master of his craft.
Just backtested this on a lot of stocks to make sure u are not nonsense. It turns out I are not nonsense :) The anticipation setup work over 100 percent on upst 20 jan 2021 for only risking less than 5 percent. Insane will dd more
EG ,What your average R multiple for your trades? I have seen you mention your batting avg at 55-65% in Bull markets but I'm curious about R multiple.
Asking because you peel 70-80% of your posiition and trail the rest because of your account size.
New picture in the background, and did you move your Bezonomics book somewhere else?
Thank you very much for these free wise tips!!
Hi Sir, in India rupee terms what would you consider high price stocks. greater than what price?
Mcap>1000 cr.
I love your style Pradeep.
Do you ever use entry stops? Thanks.
no
this was great
But, in that PSX example, do you buy just at the open on the breakout day? or on the narrow range day before. The stop changes a lot depending on the day imo, and in some breakouts either you buy before the breakout or it is too late for a good risk reward ratio.
Due to market conditions I bought next day in first 2 minutes
@@Stockbeevideos next day after the breakout day? It is not fully clear to me when you anticipate or when you wait after some form of breakout.
@Joan Roca ive been thinking about this too, i think he may look to see at the opening the stock moving in the expected direction. to still get a good price close to the open as well as getting some confirmation of price direction. but thats just wat ive been thinking
Nice Props. Never disappoints.
Thanks for the video. Why you put an alert and not just set a stop limit order to enter the trade?
to make sure one has buying power if other positions are open
@@Stockbeevideos i didn't get it can you elaborate more. Thank you
If you put buy order and it triggers you may be over margin if you have other positions open or have multiple buy orders open.
@@Stockbeevideos do you think is a good idea for beginners to risk for every trade a fixed amount of the account (say 1%) and calculate the number of stock to buy from that? Example: buy at 20 with stop loss at 19, with a 100$ max loss (1% of 10.000$ account) would be 100 shares (100$/1$). In this way it does not matter if is a low price or high price stock. Is that right? Thanks.
Yes it is
Plz make more videos on situation awarness🙏🙏
Gold!
gold
Gold
I make a living from trading now and I trade mid-small and micro caps on the ASX and NASDAQ. I think its important to echo how unrealistic getting a good stop is on these lower cap names. On average my stop is 15-20% .. this is mentally taxing but my grade A setups return baggers every 3-4 trades and this makes up for the larger stops. However, doing this during volatile times like now is always tough mentally as you do lose a large amount of money just trying setups which is why I envy the smaller stop setup but I can not make a living doing that unless I exclusively trade NASDAQ (which is difficult as I hold my net worth in my local currency bank which only allows me to trade ASX)
You need to think more about immediately setting stop to break even when you get the chance.. these days if it taps you out you can for sure buy it lower until the time comes you enter and it keeps going up and gives you room. TSLA is a good example
Hey man i live in australia too, do u use fpmarkets for asx? Ive been thinking about getting into asx trading however i cant find a good broker to short small caps, seems like an undeveloped market here in aus
Trading = Compromise