Constant painful area. Most difficult part when Market goes against trader's open position. Every trader wants to be that calm trader but unless Screen turns green in terms of numbers.....all talks/ thoughts …your points are valid. thanks.
Your absolutely right I’ve been struggling a ton and I found it very helpful to have a plan the day before look for some catalysts, drawing my lines, already having ideas for the day the day before. I’ve been seeing some improvement little by little. I would like to stop getting angry after losing trades though something I’m admittedly bad at I wish I can at least block out the anger I don’t do anything rash when I’m angry but it’s a really annoying thought pattern. But this week I’ll practice more on my anger in trading and just fully accept that some days will be really bad and some day will be really good.
👉 Trade with our Sponsor Broker: Trade Nation www.financial-spread-betting.com/ccount/click.php?id=95 👉 We are seeking more contributors who can produce great video educational content about trading for our channel. If you think you have what it takes please get in touch by sending a message to traderATfinancial-spread-betting.com (remove the AT and substitute by @). 👉 It seems a lot of our viewers are non-subscribers. Make sure to subscribe to our youtube channel as we upload regular videos! If you hit the “Bell” icon (🔔) you will receive a notification on youtube every time that we upload a video on our channel. Bell icon hitters are super fans of our channel 🥰
I allways recommend to start with one market, one setup, and get a good amount of data before trading real money. You can´t have enough data off course, but my minimum number of analyzed trades is 350: 175 backtested and 175 done live on demo. My results on demo need to be above 90% of the backtest results before I go live. Since I take only take one trade per day the demo part takes me 175 trading days i.e 8 months ! That type of patience is key.
PS: the reason this way of operating makes me terribly calm trading real money, is that if my data e.g shows a maximum number of losses in a row to be 5 - I happily trade after 4 losses without any anger/emotion. I also don´t get angry when a small drawdown occurs after a good run, because I KNOW a small string of losses WILL happen. Either way it doesn´t affect me because it´s just a game of statistics in the end.
Today's market was EXTREMELY choppy and kept making unpredictable moves. The best course of action (for me) was either to 1. Paper trade my ideas or 2. Take a break, walk away. (Remind myself that one does not need to trade everyday) But instead I got annoyed and succumbed to overtrading.
Excellent video Mark. We have a trading group here in FL where we scalp the ES and the ones who are doing well are the ones who put in the time after the market is closed practicing and preparing for the next day. Its very important. The ones who just want to trade a little in the evenings after work or if they don't have a job trade during the day but don't do practice and preparation are generally struggling. I try to help them telling how important the prep and planning is but to no avail. Seems like our trading group as evolved for some into a social club for many.
Mark, I’d like to meet you one day when I’m a successful trader and buy you lunch as a thanks for these great videos. Thanks for generously sharing your knowledge 🙂
I was in a big drawdown this week. I lost all the profit I earned in the last two months. I was so frustrated and almost lost confidence on trading. But I realize that I like this game. I like trading. The market condition is a myth to me every day. I like the uncertainty . The market is just like a puzzle to me. Every day is different, never feel bored. Of course earning money is important, also I found out the reason I lost money was lack of discipline. I did not control myself. I was controlled by the up and down market.🤣😂
@@niro56 I had a green month in April, May, and June. But I lost all of those profits during the last week of June. So sad. I didn't stick to my trading plan. I need self control.
This is my biggest weakness in trading. Thanks for the advice
Constant painful area. Most difficult part when Market goes against trader's open position.
Every trader wants to be that calm trader but unless Screen turns green in terms of numbers.....all talks/ thoughts …your points are valid. thanks.
fantastic video thanks.
5:07 When Mark destroys your entire trading career with one comment. 😂❤😂❤
Everytime i get lost in trading, Mark always comes with his timely with as if he knew my situation
This is something I need so much right now.
Thank you.
My best tips if you're struggling with this: trade one time frame higher and always wait for candle closure.
Your absolutely right I’ve been struggling a ton and I found it very helpful to have a plan the day before look for some catalysts, drawing my lines, already having ideas for the day the day before. I’ve been seeing some improvement little by little. I would like to stop getting angry after losing trades though something I’m admittedly bad at I wish I can at least block out the anger I don’t do anything rash when I’m angry but it’s a really annoying thought pattern. But this week I’ll practice more on my anger in trading and just fully accept that some days will be really bad and some day will be really good.
Precious mate. Many thanks.
I am so glad I joined this mastermind group ...
you nailed it ... life is so good now but the work is needed
👉 Trade with our Sponsor Broker: Trade Nation www.financial-spread-betting.com/ccount/click.php?id=95
👉 We are seeking more contributors who can produce great video educational content about trading for our channel. If you think you have what it takes please get in touch by sending a message to traderATfinancial-spread-betting.com (remove the AT and substitute by @).
👉 It seems a lot of our viewers are non-subscribers. Make sure to subscribe to our youtube channel as we upload regular videos! If you hit the “Bell” icon (🔔) you will receive a notification on youtube every time that we upload a video on our channel. Bell icon hitters are super fans of our channel 🥰
I allways recommend to start with one market, one setup, and get a good amount of data before trading real money.
You can´t have enough data off course, but my minimum number of analyzed trades is 350: 175 backtested and 175 done live on demo. My results on demo need to be above 90% of the backtest results before I go live. Since I take only take one trade per day the demo part takes me 175 trading days i.e 8 months ! That type of patience is key.
PS: the reason this way of operating makes me terribly calm trading real money, is that if my data e.g shows a maximum number of losses in a row to be 5 - I happily trade after 4 losses without any anger/emotion. I also don´t get angry when a small drawdown occurs after a good run, because I KNOW a small string of losses WILL happen. Either way it doesn´t affect me because it´s just a game of statistics in the end.
Great video. I'm slowly getting better at this.
Thank you kindly ✍️
Today's market was EXTREMELY choppy and kept making unpredictable moves. The best course of action (for me) was either to 1. Paper trade my ideas or 2. Take a break, walk away. (Remind myself that one does not need to trade everyday) But instead I got annoyed and succumbed to overtrading.
It’s curious , this is what my brain does when I sleep and I check to see how accurate it is. Most of the time it’s on the money.
Thanks Mark
0:34 😂😂😂💯📈📉
Love this
Excellent video Mark. We have a trading group here in FL where we scalp the ES and the ones who are doing well are the ones who put in the time after the market is closed practicing and preparing for the next day. Its very important. The ones who just want to trade a little in the evenings after work or if they don't have a job trade during the day but don't do practice and preparation are generally struggling. I try to help them telling how important the prep and planning is but to no avail. Seems like our trading group as evolved for some into a social club for many.
is it a discord group? im also a floridian ES scalper
Just amazing 🔥
Good stuff mate!
Brilliant video - as usual 👌
Mark thank you so much for this amazing lesson as always you do 🙏👏👏👏
Really great video with useful practical tips. Thank you!
Brother...your videos are really awesome and helpful. Thanks a lot for sharing your invaluable knowledge with us all.
Mark, I’d like to meet you one day when I’m a successful trader and buy you lunch as a thanks for these great videos. Thanks for generously sharing your knowledge 🙂
Mark: Some people just laugh and go that's ridiculous
Me: Yeah it is 🤣
Mark: ...ridiculous is your performance pal, look at your P&L
Me: 😶
I was in a big drawdown this week. I lost all the profit I earned in the last two months. I was so frustrated and almost lost confidence on trading. But I realize that I like this game. I like trading. The market condition is a myth to me every day. I like the uncertainty . The market is just like a puzzle to me. Every day is different, never feel bored. Of course earning money is important, also I found out the reason I lost money was lack of discipline. I did not control myself. I was controlled by the up and down market.🤣😂
Two consecutive months in green? You're far better than many out there, keep going👍
@@niro56 I had a green month in April, May, and June. But I lost all of those profits during the last week of June. So sad. I didn't stick to my trading plan. I need self control.
Exactly it is a puzzle each trading day, just got to try your best to solve it.
The fact that this does not have a million likes show how many people sleeping on this skill 😏
I'm new to trading. How can I make more profitable investment in crypto without incurring much losses?