I'm a 52 year old recovering alcoholic. Thank you for inspiring me. I'm finally getting the hang of this business after failing at it. (And life in general.) For over a decade. People in recovery can make excellent traders as well.❤❤❤❤
Yes 🙌 congrats on your achievements so far. Once I put the substances down, I was able to make the psychological and spiritual changes necessary for me to grow into being a profitable trader
@@Thejosephcaruso Yo Joe. Is Trading society group still active? Am thinking of joining. ty 4 interview and thoughts. Likin' the shark fin! Hope ur well
I wasn't paying close attention to what he's saying but when I heard TDI, this guy is on point. I'm currently working on a strategy using TDI and it has been working great. Only lost 1 trade in 3 months
i don't think these are the "real numbers". I think that 1:3 rewards is not accurate because they would close 1/3 of the lot at b/e... but they probably calculate the 1:3 "reward" on the pips made on the runner... which may actually end up being more like 3:1 risk/reward. You'd still make money with 3:1 risk/reward if you have over 67% winners .. so with 96% winners, they still should make money even with a bad risk/reward like 3:1
I am funded with 4 prop firms totaling over 7-figures. 10% risk isn’t sustainable psychologically. And the psychological effect is more important than the financial impact. I’ll take my consistent 1-4% gain each month, because i can easily maintain
DEMO is very important to measure out your success rate and your risk-reward parameters... anyone who disregards the importance of demo trading is simply misleading
JOIN MY FREE TELEGRAM TO SEE HOW I'M TRADING: t.me/+7DXVoqjqijowMWEx
I'm a 52 year old recovering alcoholic. Thank you for inspiring me. I'm finally getting the hang of this business after failing at it. (And life in general.) For over a decade. People in recovery can make excellent traders as well.❤❤❤❤
Yes 🙌 congrats on your achievements so far. Once I put the substances down, I was able to make the psychological and spiritual changes necessary for me to grow into being a profitable trader
Keep on the grind
@@Thejosephcaruso Yo Joe. Is Trading society group still active? Am thinking of joining. ty 4 interview and thoughts. Likin' the shark fin! Hope ur well
"I get paid to wait " that hit the spot for me .thanks guys
I wasn't paying close attention to what he's saying but when I heard TDI, this guy is on point. I'm currently working on a strategy using TDI and it has been working great. Only lost 1 trade in 3 months
This really interests me ... the TDI looks like a great indicator ... how are you using it .. would you mind sharing the strategy please?
Please share the strategy
90% win rate, 1:3 Risk Reward? Why do you need a funded account? 30 trades, 3% risk per transaction, you turn 1k -> 10k.
i don't think these are the "real numbers". I think that 1:3 rewards is not accurate because they would close 1/3 of the lot at b/e... but they probably calculate the 1:3 "reward" on the pips made on the runner... which may actually end up being more like 3:1 risk/reward. You'd still make money with 3:1 risk/reward if you have over 67% winners .. so with 96% winners, they still should make money even with a bad risk/reward like 3:1
We use funded account bcoz we can start with $100,000 or $1 million. If we use our own money, we don't have that much.
I am funded with 4 prop firms totaling over 7-figures. 10% risk isn’t sustainable psychologically. And the psychological effect is more important than the financial impact.
I’ll take my consistent 1-4% gain each month, because i can easily maintain
DEMO is very important to measure out your success rate and your risk-reward parameters...
anyone who disregards the importance of demo trading is simply misleading
Derek Vanderlinder? Ah, found him. Some good stuff. Might join his group. Will you be there Joe? ty 4 convo lads
Thank you Joe amazing interview! Where can I learn the full strategy? Thanks.
Thanks for bringing joe
Wow! There is a relationship with the growth you have to do as a trader and someone who is in recovery 🤯🤯🤯
Very deep!!!
love this episode
If people used tdi alot of losess would be avoided
joe what setting is the rsi on tdi...its alittle unclear in dereks tdi vid..thx
RSI period 8
Band length 34
Use the TDI by Jdonovan as its pretty easy to adjust but you have to edit all the inputs correctly
@@Thejosephcaruso thx..great interview boss and congrats on your sobriety..im clean 12 yrs now
Fire.
Super inspiring
What is RSI setting in TDI that Joe and Derek are using? 8 or 14?
8
It seems Derek places way more trades though.
Where do you get the TDI indicator ?
pretty much anywhere. there are many mods as well, out there. no charge
@@georgekiselev so where ?? tell us pls
@@heyitzsalmaasimply google it
I have a new custom made indicator that highlights sharkfin and divergence.
Phoenix TDI
Great show thanks! I couldn’t find Derick’s last name?
Derek Vandelinder
@@theonlyne0 thanks 👍🏽