Trading is incredibly difficult. As a full-time daytrader myself, it took 3 and half years before I became profitable, before then I had lost 100K+ in those years, lots of stress, sleepless nights, extreme hard work backtesting etc. Mentors would never tell you this dark side because they want you to join their "99% accurate signals" and pay them money, 99% of those "mentors" don't have a clue what they're talking about, they're "marketers" not traders, most real traders aren't on Social media like that, they keep to themselves and make their money quietly.
Absolutely, it's really not something your averags guy can succeed in. It takes a lot of skill and a lot of experience. Thanks for sharing a bit of your back story. It's always fun to hear testimonials. Thanks for watching and for supporting the channel.
I've been trading for almost 3 years now. It's not that difficult if you are disciplined. The opportunities I trade are available about twice a week, and the hard part is waiting for those opportunities. Too many people gamble and think luck will prevail. This is not a get rich quick scheme. Trading on the 1min time frame is just gambling. Analysing weekly and 4 hour time frames, then trading on the 15min time frame with an open position for a maximum of four hours, takes extreme discipline and shifts the focus from profit chasing to the satisfaction of being correct in your analysis.
@@balsak007 nothing wrong with the 1min. price is fractal. 1min is like a 4k resolution compared to higher time frames. Everyone has a preference and must choose a timeframe that will suite your personality and psyche.
Haha I laughed when you said you are going to make R100k before the end of the year with the R20k. I'm also a trader (but a crypto trader) and have been doing it for 4 years now and as Renzel below said, it's veeeeery hard work, lots of stress, sleepless nights, consistently connected to news, the economy, trends, ect. continuously doing technical analysis in the 4, 1day, 1 week candle time frames with different trading platforms, trying to figure out the movement of the market and next possible targets. And then only will you start to see patterns and next Fibonacci targets and will then start to make money, but this does also not say that you will be caught that one day and loose all of it again. It happened to me alot and I can say that I've lost almost R300k in the first couple of years and i'm only starting to regain the lost money and i'm not in profit yet. But as they say, trading is a lifestyle and if you keep on going then only after 5years plus will you start to make money. So good luck. :)
Thanks man , appreciate your comment. You make some valid points. It's definitely not easy, i have done really well with swing trading because I dont have to follow the market so closely. R100K is the goal my brother. If your goals are not big enough, then you might never reach any success. It will be interesting to see how far I get in the second half of the year, so make sure to follow a long
If you have a proven edge that has shown to work over a 100 trade sample size (traded not only back tested) then you can set big goals like that. I have traded for 6 years before becoming consistent every single day on the charts for 6 years the markets doesn't care how many years you put in its a mental game you have to be become a very good looser and become desensitized to money. If you consisted go the prop firm route it's the easiest way to make big money. But 20k to 100k in a year is going is a big ask and you going to be over leveraging your account one loosing streak will set you back alot and a loosing streak is always around the corner after a few wins
Also when you attach goals to trading you messing with your psychology by setting a time. If you have a time based goal you will most probably force trades when there's nothing or take sub part trades in order to reach your goal because a swing trader can often go a few weeks without a trade if you very picky and taking high probability setups
@@louisreynhardt So you had a good run at the casino 😉 (with swing trades). Fair enough, good luck in reaching your R100k goal and keep your risk management in place when doing large trades, keep the leverage low.... BTW thanks for the content, I find it very interesting.
I got my property investment running smooth in the last 6 months and from now until further notice I'm busy with my investment portfolios in trading via prop firms. So my first investment funds the second one and from there I'm increasing more prop firms.
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Trading is incredibly difficult. As a full-time daytrader myself, it took 3 and half years before I became profitable, before then I had lost 100K+ in those years, lots of stress, sleepless nights, extreme hard work backtesting etc. Mentors would never tell you this dark side because they want you to join their "99% accurate signals" and pay them money, 99% of those "mentors" don't have a clue what they're talking about, they're "marketers" not traders, most real traders aren't on Social media like that, they keep to themselves and make their money quietly.
Absolutely, it's really not something your averags guy can succeed in. It takes a lot of skill and a lot of experience. Thanks for sharing a bit of your back story. It's always fun to hear testimonials. Thanks for watching and for supporting the channel.
I agree to be profitable you have to be disciplined and have atleast year or 2 experience. Its difficult but not impossible.
I've been trading for almost 3 years now. It's not that difficult if you are disciplined. The opportunities I trade are available about twice a week, and the hard part is waiting for those opportunities. Too many people gamble and think luck will prevail. This is not a get rich quick scheme. Trading on the 1min time frame is just gambling. Analysing weekly and 4 hour time frames, then trading on the 15min time frame with an open position for a maximum of four hours, takes extreme discipline and shifts the focus from profit chasing to the satisfaction of being correct in your analysis.
@@balsak007 nothing wrong with the 1min. price is fractal. 1min is like a 4k resolution compared to higher time frames. Everyone has a preference and must choose a timeframe that will suite your personality and psyche.
Long term investing gives u a sense of ownership thank u very good content
Absolutely, I love that feeling. Thanks for sharing 💪🏻💪🏻
Haha I laughed when you said you are going to make R100k before the end of the year with the R20k. I'm also a trader (but a crypto trader) and have been doing it for 4 years now and as Renzel below said, it's veeeeery hard work, lots of stress, sleepless nights, consistently connected to news, the economy, trends, ect. continuously doing technical analysis in the 4, 1day, 1 week candle time frames with different trading platforms, trying to figure out the movement of the market and next possible targets. And then only will you start to see patterns and next Fibonacci targets and will then start to make money, but this does also not say that you will be caught that one day and loose all of it again. It happened to me alot and I can say that I've lost almost R300k in the first couple of years and i'm only starting to regain the lost money and i'm not in profit yet. But as they say, trading is a lifestyle and if you keep on going then only after 5years plus will you start to make money. So good luck. :)
Thanks man , appreciate your comment. You make some valid points. It's definitely not easy, i have done really well with swing trading because I dont have to follow the market so closely. R100K is the goal my brother. If your goals are not big enough, then you might never reach any success. It will be interesting to see how far I get in the second half of the year, so make sure to follow a long
If you have a proven edge that has shown to work over a 100 trade sample size (traded not only back tested) then you can set big goals like that. I have traded for 6 years before becoming consistent every single day on the charts for 6 years the markets doesn't care how many years you put in its a mental game you have to be become a very good looser and become desensitized to money. If you consisted go the prop firm route it's the easiest way to make big money. But 20k to 100k in a year is going is a big ask and you going to be over leveraging your account one loosing streak will set you back alot and a loosing streak is always around the corner after a few wins
Also when you attach goals to trading you messing with your psychology by setting a time. If you have a time based goal you will most probably force trades when there's nothing or take sub part trades in order to reach your goal because a swing trader can often go a few weeks without a trade if you very picky and taking high probability setups
@@louisreynhardt So you had a good run at the casino 😉 (with swing trades). Fair enough, good luck in reaching your R100k goal and keep your risk management in place when doing large trades, keep the leverage low.... BTW thanks for the content, I find it very interesting.
I got my property investment running smooth in the last 6 months and from now until further notice I'm busy with my investment portfolios in trading via prop firms. So my first investment funds the second one and from there I'm increasing more prop firms.
Made R70k today alone with Sasol.
How did you do that? Well done
@@DhiviBoyyou start with R7 mil. 😁
Well done, was this with margin
20k to 100k? 🤔 Would like to see how that turned out 👍
ua-cam.com/video/TKMuUeOgKaU/v-deo.html
You can see the results here