I don’t like hearing everyone repeating that most day traders fail. Finish the statement. Most day traders quit because they can’t fail and keep going. That’s in everything, not just trading. I wish people would emphasize that anyone can learn if they don’t quit.
i agree same look at % in buisness any buisnees 90% fail in first 2 years. only about 40 percent of students who apply to medical school each year get accepted.any other high end field. its that Daytrading is easy to get in ,hard to master
100% is on everything. My background is e-commerce and out of every single course I’ve taken, like 90% of people would simply quit (either thing is too much work, don’t study enough, or any other excuse). Persistence is key. And this one is not for everyone. You need that entrepreneur soul just to keep pushing when things get hard and you will make it. Saying 90% traders fail is not cause trading is rocket science. Is cause, like on any endeavor, you gonna need max effort and max focus.
At 6.30 : "Being consistent mean you show up, you folo your rules even when you are in the down period and that took me a long time to understand". This one says EVERYTHING!
My biggest winners came from smallest positions, meaning I was actually not emotionally bound to my trades, I left them run, and I didn't care if I got stopped out. At that point I kept the money, and my equity curve started making higher lows. Its all about the position size and patience.
Been following Austin Silva for more than a year now, very smart guy, very well spoken and informative, could listen to him talk all day long really, great episode.
Bro, I'm from Kenya and I never imagined I could trade with $10k ever in my life. That's like 1.2 million kshs fam. But now I have 100k FTMO. See God!!
Great tips right here. MINDSET IS EVERYTHING. I am 3yrs into my journey and this piece just started clicking for me. Many pieces go into trading and mindset/psychology is so important. Forever a student of myself and of the market.
I have seen hundreds of videos and the subjects discussed in this video are extremely rare that traders speak about. If you're a new trader, re watch this video at least 10 times with focus and concentration🥇💎
Takeaways: Find what strategy works best for YOU. Gain confidence and trust your strategy. Have great risk management 0.5% risk per trade or whatever works best for you.
I like how he said "Real systematic trading are so rules based that those rules should be questioned and tweaked or challenged often & people just don't want to do the work of tracking and back testing", I felt the same with indicators, it just price action in different visual forms. People who shit on indicators just don't know how to tweak it in their favor.
If my wife only knew how much money I have lost trading she would take me out lol but I’m getting better everytime I look at the charts anything can be learned if you have enough will power for it and can stand the emotions from it and just strive to learn everyday everything you do and have done in life you had to learn so why not learn this and spend more time helping folks and more time with your family
Look up Gary Kaltbaum and listen to his Investor’s Edge show. He will guide you to where to day trade and what direction - both up and down. YOU have to find the good entries, though.
Thank you for this! I am on bed rest and lots of UA-cam….but also a nerd who started tracking my health habits & results. It’s cool that you mentioned tracking as a trader because I thought (growing up) that trading was some magical thing rich people do…Now I see that it’s actually discipline & strategy…and that improving your health is a big part of that
Bro! That's exactly how I got into day trading! Ypu have to learn all this stuff studying for the series 7. And I was shocked to find that most financial advisors don't do any of this! I've been hooked since then!
PROP FIRMS: Don't actually give you $100k accounts etc, they just name the account $100k, $300k etc. What you actually get once qualified is the amount of the allowable draw down. So if the $150k account says you are allowed a $4500 draw down once qualified, that's what you actually get to use as capital...$4500, NOT $150k. It's still great, don't get me wrong, but just know that your risk profile should be based on the drawdown, not the account name of "$150k Elite Account" and so on. These companies thrive off of their monthly subscriptions and trades spending $80 or so on evaluations account "resets". By all means do yourself a favor and get into the prop firm thing, just keep in mind that the account size is the drawdown, not the enticing title of $350k etc. Great interview guys, loved it!
I am exactly the same. I need to do the quant analysis MYSELF. Each setback though that pain thought and continues to teach me to alter my angle of approach and put in more effort.
Superb video. I watch a lot of UA-cam videos on how to trade, but I haven't gotten very far since they are either talking about the mistakes they made or telling me how they did it, and I don't want to take chances and lose money.
@@DesireToTRADE i like how he said he's proud of being able to support his wife to the extent that she doesn't have to work - because someday I'll do day same for my boyfriend 😎
Really appreciated Antons advice. The tracking of trades where you veer away from your strategy is a must for me and I havent been doing it!! Arrgghh!! It batters me and you get the occasional one that works which gives you the reason to rinse and repeat the bad behavior!
This is a great video. Many Thanks. I resonate with this guy. It's where my strat is going. High win rate. Low R. Less stress. Slowly ratchet up the capital. All good.
Amazing interview, Etienne! After I finished that very book One Good Trade the same thing happened for me too. And thought the same things and from there proceeded with my first strategy. When I think about it now, I was kind of disappointed because that was a book about trading stocks, and it was all good until I reached the "reading the tape" chapter and I didn't know what that was. But actually the whole ideas described in there helped me come to a certain way of thinking things through. Take care and keep up the good work!
I didn’t like austin silver back in the day, I am not sure why but I never clicked with his info but as I grew as a trader and person, and now a profitable trader I have grown to like him and everything he says is so relatable . Great podcast !
I have learned in recent months is to remain calm, especially when it comes to investments in cryptocurrencies. Learn not to sell in a panic when everything goes down and not to buy in euphoria when everything goes up. I advise y'all to forget predictions and start making a good profit now because future valuations are all speculations and guesses. The market is very unstable and you can not tell if it's going bearish or bullish. While myself and others are trading without fear of making a loss others are being patient for the price to skyrocket, I would say trading has been going smoothly for me, i started with 2.5 BTC and i have accumulated over 7.6 BTC in just three weeks, with the trading strategy given to me by expert trader Andrew Martins.
Yeah that's right I think the best way is to invest with a professional, at least it saves the trauma of too much losses, This just surprised me because I also invest with Andrew .
My first investment with Mr Andrew Martins gave me the assurance that have made me invest without the fear of losing, I got four of my friends involved with her already.
The market is very unstable and you can't tell if it's going bearish or bullish.While myself and others are making profits without fear of making a loss others are being patient for the price to skyrocket. It all depends on the pattern you follow.
words simply cannot express the success i've experienced trading Austin's systems, ASFX is DIFFERENT. However, it must be said it did take a LOT of work my end in terms of back/forward testing etc
True.. even restaurants fail 90%. I m gonna puke when ppl say 90% fail.. it is not because of trading.. Imagine you start being a doctor tomorrow.. 100% fail lol
Enjoy Your channel , lots of Gems 💎 Unable to understand the Questions many times because of the fast 💨 speech pattern Will continue to watch though Encouraging content and have subscribed Thanks for time and energy in this channel Great Day 🎉
Etienne can I give you a tip: u slur ur words or talk within the mouth, which makes it harder for the clarity. Perhaps a tip to take (if you were not conscious about it)
Hey , I am new in trading .I want to be a full time trader. I am working on it hardly but I badly need a mentor to make my trading skill a sharp knife. Anybody please suggest me a good mentor to level up my skills.
I'm so happy i made productive decisions about my finances that changed my life forever. I'm a single father living in Melbourne Australia, bought my second house in September and hoping to retire next year at 48 if things keep going smoothly for me
A gem of an interview as usual,, ps:: I really wanted to take your class but it's so pricey even do I believe it's worth it but the price I can't afford,,😭😭😭
I don’t like hearing everyone repeating that most day traders fail. Finish the statement. Most day traders quit because they can’t fail and keep going. That’s in everything, not just trading. I wish people would emphasize that anyone can learn if they don’t quit.
i agree same look at % in buisness any buisnees 90% fail in first 2 years. only about 40 percent of students who apply to medical school each year get accepted.any other high end field. its that Daytrading is easy to get in ,hard to master
Wonderfully said bro!
Pretty good way to put it. Even traders who are successful are still failing but not getting fazed by it and keep going
They tell couse They wanne keep you poor and work for them till you gone!
100% is on everything. My background is e-commerce and out of every single course I’ve taken, like 90% of people would simply quit (either thing is too much work, don’t study enough, or any other excuse).
Persistence is key. And this one is not for everyone. You need that entrepreneur soul just to keep pushing when things get hard and you will make it.
Saying 90% traders fail is not cause trading is rocket science. Is cause, like on any endeavor, you gonna need max effort and max focus.
At 6.30 : "Being consistent mean you show up, you folo your rules even when you are in the down period and that took me a long time to understand". This one says EVERYTHING!
Thanks for having me on Etienne!
I'm watching right now, great interview, you got subscribe from me
Always a pleasure Austin! That interview was awesome 👏
Every minute on this vid is a gem. need to re-watch it again. will definitely subscribe to ASFX as well. Thankyou
My biggest winners came from smallest positions, meaning I was actually not emotionally bound to my trades, I left them run, and I didn't care if I got stopped out. At that point I kept the money, and my equity curve started making higher lows. Its all about the position size and patience.
Notes : Journal your trades,folow your check list,track stuff after trading like meditation or drink more water,
Been following Austin Silva for more than a year now, very smart guy, very well spoken and informative, could listen to him talk all day long really, great episode.
As always, these interviews drop just when I need to hear the message
Bro, I'm from Kenya and I never imagined I could trade with $10k ever in my life. That's like 1.2 million kshs fam. But now I have 100k FTMO. See God!!
Muthee... living in kenya and earning from fx is a great thing
kwanza saa hii na economy ya zakayo, the dollars come in handy!!
@@kwestkiriba
Great tips right here. MINDSET IS EVERYTHING. I am 3yrs into my journey and this piece just started clicking for me. Many pieces go into trading and mindset/psychology is so important. Forever a student of myself and of the market.
I have seen hundreds of videos and the subjects discussed in this video are extremely rare that traders speak about.
If you're a new trader, re watch this video at least 10 times with focus and concentration🥇💎
Takeaways: Find what strategy works best for YOU. Gain confidence and trust your strategy. Have great risk management 0.5% risk per trade or whatever works best for you.
I’ve been following you since 2018 by far best interview top 5 of all time, of the traders / investors you’ve interviewed 🙏🏽
Admire Austin’s energy and knowledge with real talk. Refreshing, thank you!
You keep bringing great value to the community of traders. This is another excellent video full of great advice. Thank Etienne, cheers!
I like how he said "Real systematic trading are so rules based that those rules should be questioned and tweaked or challenged often & people just don't want to do the work of tracking and back testing", I felt the same with indicators, it just price action in different visual forms. People who shit on indicators just don't know how to tweak it in their favor.
This podcast is really all you need . This one was a gem for me and new beginnings! Thanks guys
If my wife only knew how much money I have lost trading she would take me out lol but I’m getting better everytime I look at the charts anything can be learned if you have enough will power for it and can stand the emotions from it and just strive to learn everyday everything you do and have done in life you had to learn so why not learn this and spend more time helping folks and more time with your family
Look up Gary Kaltbaum and listen to his Investor’s Edge show. He will guide you to where to day trade and what direction - both up and down.
YOU have to find the good entries, though.
“Day trading is super appealing and I caught the bug”…what a good bug to catch 🐜
I got the bug as well family!
This channel and the focus of your interviews are the best for me! Thanks so much for this!
I’m very glad that’s useful!
Amazing!!!!
Thank you for this! I am on bed rest and lots of UA-cam….but also a nerd who started tracking my health habits & results. It’s cool that you mentioned tracking as a trader because I thought (growing up) that trading was some magical thing rich people do…Now I see that it’s actually discipline & strategy…and that improving your health is a big part of that
This is so valuable. I am going to rewatch it to take all the notes. Thank you Austin
One of your best interviews Etienne. Really good advice from Austin for new traders.
Bro! That's exactly how I got into day trading! Ypu have to learn all this stuff studying for the series 7. And I was shocked to find that most financial advisors don't do any of this! I've been hooked since then!
I can't even lie man...this interview was very eye opening!!
PROP FIRMS: Don't actually give you $100k accounts etc, they just name the account $100k, $300k etc. What you actually get once qualified is the amount of the allowable draw down. So if the $150k account says you are allowed a $4500 draw down once qualified, that's what you actually get to use as capital...$4500, NOT $150k. It's still great, don't get me wrong, but just know that your risk profile should be based on the drawdown, not the account name of "$150k Elite Account" and so on.
These companies thrive off of their monthly subscriptions and trades spending $80 or so on evaluations account "resets".
By all means do yourself a favor and get into the prop firm thing, just keep in mind that the account size is the drawdown, not the enticing title of $350k etc.
Great interview guys, loved it!
Great point! Thanks for the comment :)
You can feel the passion & energy of Austin from his voice! Idol!
Another absolute gem! What a really decent guy Austin is! Still learning & surviving! ✊
Loved this interview!! So much gold
Excellent interview.
Straight down to the point.
Thanks E.
This video really hits the nail on the head 👍🏾
I'm very glad to hear that :)
I am exactly the same. I need to do the quant analysis MYSELF. Each setback though that pain thought and continues to teach me to alter my angle of approach and put in more effort.
One of your best guests, this guy gets it. 🔥🔥🔥
Wow. Very good video Etienne ! Your channel is getting better everyday. Cheers from the south of Brazil.
Superb video. I watch a lot of UA-cam videos on how to trade, but I haven't gotten very far since they are either talking about the mistakes they made or telling me how they did it, and I don't want to take chances and lose money.
Austin is amazing & has now got a new subscriber 😁
Thank you for getting him on the channel 💛
Glad to hear that!
@@DesireToTRADE i like how he said he's proud of being able to support his wife to the extent that she doesn't have to work - because someday I'll do day same for my boyfriend 😎
Damn, this interview is amazing. As a day trader myself, everything is relatable to the max. Appreciate it guys!
How long you been profitable?
Really appreciated Antons advice. The tracking of trades where you veer away from your strategy is a must for me and I havent been doing it!! Arrgghh!! It batters me and you get the occasional one that works which gives you the reason to rinse and repeat the bad behavior!
Austin is a cool guy, great interview
Excellent interview! Very insightful and Etienne ask great questions as always
Awesome video! Great content psychology in trading is one of the most important factors of becoming successful imo.
One Good Trade was one of the first books I read.
Great interview, lots gold nuggets. A must rewatch. Thanks for posting. Peace...!
I love it! Best podcast on trading I have heard yet. Thank you.
Glad you enjoyed it!
Great interview Etienne!!! Thanks a lot also to ASFX!!! More interviwes like this one! 🙂
What a legend. I really love your approach. So grounded and real. Thank you 🙏
Very valuable 👌 info here
Journaling
Lifestyle and activities
Totally agree! Glad you liked that interview :)
Cannot imagine this guy on caffeine.
This is a great video. Many Thanks. I resonate with this guy. It's where my strat is going. High win rate. Low R. Less stress. Slowly ratchet up the capital. All good.
At 7.28, I think the Ray he was refering to is Ray Barros in Etienne's "Anyone Can Trade For A Living" interview.
Excellent interview...spot on..experience is the best teacher..
15:33 is this "Trader Improvement Workbook" available for everyone???
I can relate with you 10000%. Great interview
Amazing interview, Etienne! After I finished that very book One Good Trade the same thing happened for me too. And thought the same things and from there proceeded with my first strategy. When I think about it now, I was kind of disappointed because that was a book about trading stocks, and it was all good until I reached the "reading the tape" chapter and I didn't know what that was. But actually the whole ideas described in there helped me come to a certain way of thinking things through. Take care and keep up the good work!
Glad it was helpful!
Full of very interesting information!!!!
Please post more!!!!
Absolutely! You can find all my previous interviews here: ua-cam.com/play/PLwmpbNUnTt6gL4jdULaMVuMi24O8KPZqw.html
I didn’t like austin silver back in the day, I am not sure why but I never clicked with his info but as I grew as a trader and person, and now a profitable trader I have grown to like him and everything he says is so relatable . Great podcast !
Welcome to the Dark Side Oscar.... lol jk , thanks bro!
He is truest person ever ... I wonder why anyone will hate Austin.
Blessings from Puebla, Mexico.
I have learned in recent months is to remain calm, especially when it comes to investments in cryptocurrencies. Learn not to sell in a panic when everything goes down and not to buy in euphoria when everything goes up. I advise y'all to forget predictions and start making a good profit now because future valuations are all speculations and guesses. The market is very unstable and you can not tell if it's going bearish or bullish. While myself and others are trading without fear of making a loss others are being patient for the price to skyrocket, I would say trading has been going smoothly for me, i started with 2.5 BTC and i have accumulated over 7.6 BTC in just three weeks, with the trading strategy given to me by expert trader Andrew Martins.
I stopped worrying about bitcoin price ever since i started using Andrew strategy, it gives me gain daily even with the downtrend.
Yeah that's right I think the best way is to invest with a professional, at least it saves the trauma of too much losses, This just surprised me because I also invest with Andrew .
My first investment with Mr Andrew Martins gave me the assurance that have made me invest without the fear of losing, I got four of my friends involved with her already.
Excellent interview 👏
I'm glad you liked it :)
Apart from being so self - aware I love how articulate Austin is 🔥
Great material every word hit!
I'm glad to hear that!
So much resonate with you! Great interview. God bless and thank you for the effort.
So glad I found this channel!
Great guy, great inmterview !
very good interview and he had some real gems!
Great video!
Such a great interview! I'm an new amatuer trade just having started. One day I will be interviewed by you Etienne :))
Fantastic interview
The market is very unstable and you can't tell if it's going bearish or bullish.While myself and others are making profits without fear of making a loss others are being patient for the price to skyrocket. It all depends on the pattern you follow.
Looking at the current situation of the
cryptocurrency, it seems that all hope is lost, but there is still great hope. 💯
Your podcasts are some of the best in the world today. Another great chat with a very down to earth trader. Thanks for sharing.
Glad you like them! Always my pleasure!
I remember when Austin used to be super bearish on BTC - calling it trash etc etc, now he only trades BTC. I wonder what made him shift to crypto?
I'm still unsure if it's trash or not... but trading and believing in it are two different things
Trading. Up or down. The asset could be trash as long as it's moves
If it moves, daytraders make money. So lol, be able to adapt. Not everything is black and white.
Thanks for bringing good contents .love and respect from India.
Great Interview. Carry on.
Very good interview. Some very good advice here
Great interview
I’m glad you liked it!
like a world class athlete...absolutely fantastic comparison 😎
Super this one, thanks! 👌
Thnx for the video, any advice on a good or the most popular trading platform for newbies to start with? Thnx
Good Stuff 👍🏼🔥
Surprised with the ammount of data you are collectiong of your trading. When do you get time to trade?
words simply cannot express the success i've experienced trading Austin's systems, ASFX is DIFFERENT. However, it must be said it did take a LOT of work my end in terms of back/forward testing etc
This is legendary!
True.. even restaurants fail 90%. I m gonna puke when ppl say 90% fail.. it is not because of trading..
Imagine you start being a doctor tomorrow.. 100% fail lol
Enjoy Your channel , lots of Gems 💎
Unable to understand the Questions many times because of the fast 💨 speech pattern
Will continue to watch though
Encouraging content and have subscribed
Thanks for time and energy in this channel
Great Day 🎉
Great guy 👍🏻
how to place order with alerts automatically?, post some videos
I enjoyed this interview.
Etienne can I give you a tip: u slur ur words or talk within the mouth, which makes it harder for the clarity. Perhaps a tip to take (if you were not conscious about it)
Amazing podcast !!
I definitely took down lots of gems.
Hey , I am new in trading .I want to be a full time trader. I am working on it hardly but I badly need a mentor to make my trading skill a sharp knife. Anybody please suggest me a good mentor to level up my skills.
I came back to this video. has helped my trading
Much appreciated!
I'm so happy i made productive decisions about my finances that changed my life forever. I'm a single father living in Melbourne Australia, bought my second house in September and hoping to retire next year at 48 if things keep going smoothly for me
A gem of an interview as usual,,
ps:: I really wanted to take your class but it's so pricey even do I believe it's worth it but the price I can't afford,,😭😭😭
I'm glad you liked the interview!
@@DesireToTRADE hahaha. savage😆
What is the name of the options funded program Austin mentioned ?
I dont know the name of it, i forget but im sure you can find it
thanks Etienne you do a great job
I appreciate it!
He mentions prop firms that allow option trading? Been searching for this forever. What firms offer this?
Are there any prop firm around anymore in the US
Personal Development - mind, body, soul 🧐🚀
Great Talk!
It's quite been frustrating to watch my crypto fall Repeatedly over the last few months. Any ideas on how I could increase my profits in this market?
You can trade crypto CFD, but it requires more knowlegde
NPC
Good vid Thanks