3 Big Trading Problems that Lead to Most Other Issues
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- Опубліковано 6 лип 2024
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Most trading problems you face are likely to be caused by a totally different issue. We'll discuss 3 of the most common ones that may affect you.
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I think this ties in with the need to be right or loss aversion. But a major problem i see with beginners is thinking in probabilities. Like the great M.Douglas once said, It's one thing to understand probabilities, but it's another to actually start thinking and applying probabilities to your trading. Im paraphrasing by the way.
8:05 'Feeling like i m wasting time' thats certainly me
For me it used to be that I want to be successful now because of the need to make more money. But really I have gone through the hard knocks and I am happy to take things slow lol. Its less expensive.
I realize from watching your video that discipline , sticking to the system is a problem and putting lots of
pressure to make money, so I can live the life I want.
My real core problem/ root cause issue for the last 5 years is self imposed deadlines. Unfortunately now that I’m 24 is now that I realized that I need to focus on long term. Feeel like I wasted 5 years of my productive years. Thank you bru!!
You don’t realize how lucky you are to have started young. You have enough time to wipe out mistakes. Trading is not the end all be all but it sure can open your eyes to new opportunities.
I used to feel like I was waisting time. Lately it has been an issue of messing around with stale markets😂- One you learn how to trade all you need to do regulate WHEN you trade. Still an issue I'm having
You did a super good job articulating the potential problems that traders might face. Can you do a video on how to fight the internal demons during trading such as tilt and revenge trading ?
Thank you so much for this video, I definitely related to some of the stuff you mentioned here
Great to have you back with videos, always valuable insights and information
Your talks are so useful and wise. Thank you so much!
I agree with every point. Thank you so much for the videos.
Your videos are very helpful. Keep sharing your thoughts. Many are benefitting .
THANK YOU SO MUCH FOR THE VALUABLE INFORMATION IN THIS VIDEO
Outstanding video as always. I do miss the jokes and comparisons between real life examples like TV shows or events that you relate to trading.
It's always easy to digest in a video. However, when you are right on the heat during the war is difficult to settle the emotions. I found the music for trading quite useful. What other kind of tools can we use to control those emotions?
It's great to have you back on youtube!
Thank you so much for this video
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Already done
I can relate to all these 😔 Thanks for the video man. Please we also need more trading music of yours. Very helpful
All of the above. Great clip
Woow just a great video !!
I have a huge lack of confidence after put my trade, so i dont let the trade run. Now i just put oco orders and close the screen after the trade start. Stay watching the trade run is so difficult, so i close my eyes and belive.
I think another main problem that gives birth to wrong trading is after blowing an account we deposit less amount the second time , so when ever we take a trade the first thing that hops in our head is our old account that was burned down and without being conscious we start to slowly increase our risk aiming for a jackpot trade that will at least bring back half of our old account , and that leads to all these other problems , so i think personally after blowing an account take 1 week off and then come back and deposit either the same amount you lost or more , but never less and by doing this we are putting our gambling mindset aside so we don’t have nothing to make up just start fresh clean and know worse case scenario with good risk you will need 6 months to gain 100%.
Always be ready to make losses no matter how good you may be, 👌👌👌👌
Brilliant Analysis!!! thanks Nicolas
Thanks Madhu
My problem is looking in the wrong markets and missing trade opportunities in the markets I do follow
That's me... I'm like I want to make money now now...😂 Thanks for this video 🙏
This video came right on time for me. I had bombed today!
Timing D1 swing trade from D1 level on 5 min chart :). Getting killed 3 times then you give it up and later watching it making a killing.
Probably need a diff method for entering I to those moves. Maybe being greedy. Lots of other trader want to top and bottom the market aswell. If you want to catch the bigger move you need to either get in with a wider stop to allow for the movement or you have to keep trying to enter into it with the 5m chart but five yourself a limit say 5 attempts. Do a back test and see how many times on average it takes for it to bounce of the level.
Oh two I had the same issue as you about 3 years ago and it took learning how not to do that and how not to be greedy to looking for a ten RR daytrade
Welcome Back
Video about new trading books?
Left screen Eurusd daily chart
Remember, the best friend of "PATIENCE" are "SILENCE".
👍
Thank you handsome
Thanks a lot Nicholas, I may not be a profitable trader, maybe not much of a trader at all, but your wisdom on the subject of trading is inspiring. It has helped me realize a lot about trading and I can not say that you have not been a part of my growth as a trader.
Thanks so much Martin, I'm happy to have been a part of your development!
Hey guys/Nicolas, do you think I should trade crypto, forex or stocks?
I've been trading crypto for 2 months (futures/options) and I hear forex and stocks are less volatile and more predictable, so I assume my winrate will increase, which is preferable to having bigger wins and losses. But I'd like to hear other opinions.
Fomo, overtrading, impulse trading, revenge trading. Not booking profit in time. Using many indicators etc are some other trading mistakes.
im trying to figure out if I need to invest in others or people are investing in me
then i need to find a lane where I can open the trades where people are investing in me more frequently that I invest in them because I have an edge, I have a plan, a vision, an excel sheet, a book of reference, etc. Get the forex cogs synchronized like the Turntables of a Dj or cogs of a Swiss watch or the gears of Benz Truck and last but not least the 2 tapes of a K7(Cassette)
every mistake in the book