Question! I often find I struggle with a feeling of impatience and I have to hurry up and make money as the market won't be here for long. I end up in a rush to place trades and inevitably end up overtrading and/or placing really terrible trades. I have no idea where this comes from and id love to tackle it. I wondered with your experience could you talk to any of this? Thanks , Rob
Why does he say that ED&F Man offered a retail trader, trading course, this is bullshit. He says that ED&F Man went out of business and was taken over by Marex, this is again bullshit. Refco was taken over by Marex, not ED&F Man. Also he claims to be a hedge fund trader yet he isn't on the FCA register in the UK. This raises major red flags, that an unregulated person is trading other people's money, this is illegal in the UK. Did anyone else even think to ask these questions? Personally he's saying, I signed up loads of people to my IB scheme, didn't care if they won or lost, I got paid for introducing them, I then took that money and pretended to trade. He's telling you I don't trade, I just take other people's money, was their IB, and then realized there's more money introducing people than actually trading. He saw a gap in the market and made up a story and sold it to retail traders as a dream. 100% full of shit. Unregistered, unregulated, sales person. THINK BEFORE YOU BELIEVE PEOPLE
Feels good hearing from someone who matches my trade personality. A scalping mad-man like I am slowly becoming. 😂 Screw all that 1% and 2% risk. I’m just like him. 5 and 10% easy. That’s where the magic happens.
You dummies don’t have the bankroll this guys has but feel free to play around with your high risk tolerances with minimal management and see what happens
I really would like to know who actually pushed the idea of risking only 1% on a trade bs. Lots of non traders writing trading books😂and of course it’s a math formula(probability and odds) to help you stay alive but even that is for protection capital and you’ll never make money. Risking 1% is pure joke
"the most criminal thing the average retail trader does is leave money on the table" Steve Ruffley WOW! if you don't listen to this you gots to be crazy. 5 BIG GREEN ENGULFING CANDLES on this interview. 💯💯💯🔥🔥🔥
you can do what he is talking about on a small account this is one of my two strategies and it works very well if you manage the risk right and can do the math good.
@@907Blademan From what i can remember is that he states that trends continue from 50% and 61.8% ratios of retracement. you will also see candles close perfectly on the retracement levels and that shows that the level is a strong support/resistance area
What are the 8 pairs he trades - From the Video I get 5 only - 1. sell GOLD spikes, 2. Sell EUR/USD Highs, 3. Buy the dips on USD/JPY, 4, Buy the dips in the DAX, 5. Trade GBP (not sure what pairings?) Numbers 6,7,8 can anyone help?
Dude I laughed my ass off when he said “it’s criminal mate!” 😂 and “I want the pain!, bring the pain” 😂 fucking killed me, and the look on Cam’s face when he said “I use no stop loss” then admittedly there seems to be more winners with doing that
For those of you who are wondering how he keeps getting in when the trades goes against him, he probably layers multiple trades with split risk around certain areas, like he said, he puts to bigger sizes on the extremes (wich makes more sense from a R/R perspective), then obviously he has a determined exit point for his losses and winners. Make sure you calculate ur risk before hand, don´t get your account blown away with a margin call guys. Edit: dont put 10% of your account at risk like that nuthead said lol. You can have the same result of risking 10% with having less risk on table if you stack your trades as it goes in your favour while trailing your stop loss. Its safer and gets the same result if not better
Also, if he's risking 10% of the account and is serious, then chances are he only puts 10% or less of his total risk capital in his trading account. Thus it's still 1% risk of total funds -- but 90% of his money is OUTSIDE his trading account. e.g. $100,000 total funds. But $90,000 in "safe" investments or the bank. $10,000 in trading account. Risk 10% of account = $1000. But $1000 is only 1% of total $100,000. This is how I've seen poker players and other traders compartmentalize their risk.
@@dakaodo yes its a good aproach however the advice he gave was 10% of your total account and we can assume most people put all they are Willing to lose in an account
I want to ask him about does he get any problem with executing big volume and closing them because its often said that they cant provide liquidity like that fast
All the 1:50r “retail” kids punching the air right now by the way he trades and he is completely right we are in the financial markets and we are here to make money . Take your money and run. You are only able to place these types of lots once you have spent enough time in the markets and devolved your edge at the end of the day there is no right or wrong way to trade. Are you making money or not ?
He is a bull crap talker! His website shows him saying he has a £200k black bull account, the largest private account on there he says. Well, He isnt trading 1000 lots with that , thats for sure
He’s probably maxed at 1000 at one time before, it wouldn’t take the size you’d think to do it but the leverage, when it just barely goes his way with that size he’s in profit ALOT
You could always just put a safety net stoploss or an equal stop-entry a good distance away just in case you lose your connection or have a heart attack or something. That way you know you’re ok should some sh!t it the fan & you’re standing underneath it.
I’m listening to it on the podcast. But I can’t catch the company he worked for in puerto banus or Gibraltar. What’s the company name? I’m currently in Gib and was hoping to find a company to show my track record and maybe work with
I have got to say this. I really enjoy your channel. I have been trading off and on since 1996, when online trading just got started and brokerage fees were 29.95 USD for 100 shares of stock. However, not in my mid 50's and have a decent savings account from some good long-term investments. I want to trade, but this time I am taking my time to really fix my "mind". I was undisciplined in the past and had no risk management. Now I am too careful about taking trades and when I do, they are tiny in terms of percentage of my account. That being said I have listened to a lot of your podcasts, and it has really helped me mentally to 1) overcome my ridiculously small sizing restrictions and 2) formulate a plan and to stick with it. Keep up the good work!
Thanks for having him as a guest, I follow him since many years and red his book. I would like to hear from him how exactly he defines an overextended move? Is it a overextended M15 Candle at a specific time? Does he still prefers to trade at 9 am, 2:30 pm and 7 pm?
Sorry, but that’s not true. I have his book since he published it, I read it about 3 times. The Fibonacci part is good, but nowhere in his book did he write how exactly he defines an overextended move. Don’t tell me the RSI part is the answer.
@@MrAcSP I'm a few months late, It's probably a measurement of the last 2 swings (high to low or low to high). If price has retraced more than say 60% its overbought/oversold. Did you figure it out already and if so, was this your conclusion? 🙂
3:1 or 4:1 trades, take the profits and like he said if the trades still good, that's when you go again, and let that baby run, moving stop up until it stops you out or the chart gives you a good signal to exit.
ok so i just got to the part where you spoke about the question, *Something I would like to ask Steve would be when trading his strategy what would be his defining factor in the market in terms of managing the trade obviously he has no stop loss and watches his trade like an hawk where does he feel like he finds the best information and timeframe , for example is it in the last few seconds of an minute candle or 5minute candle etc.* (maybe he will understand this question better than i wrote it lol) And finally in terms of understanding himself aka trade Psychology what process does he go about this or in hindsight early on what process did he use in terms of journaling it, what key factors did he have to work on as he mentioned at the beginning of the video early on in his career he could make money but couldn't keep it so was it before/during or after the trade he suffered from bad Psychology and what did he analyse in himself to become consistent. last question but no least does he believe that the market is run on an central bank algorithm or is manual for the most of it ( what percentage would he say it is if both) Thanks tradingnut
@@petermuhoho3780 Agree, I doubt 1000 lots..... £7400 a pip EurUSD at current rates, so depending on what his spread is,a 10 pip trade would be £75k less spread. Maybe he only hunts for a couple of pips which would make 15k about 3 pips with spread , but I have no idea whta liquidity is like at that size but I have had it on 3 lot trades with a jumpy market and I dont get filled where I wanted, or anywhere near sometimes
IF YOU HAVE A QUESTION FOR STEVE PLEASE REPLY TO THIS COMMENT AND I'LL GET HIM TO ANSWER IT ON THE CHANNEL IN THE FUTURE...
Question! I often find I struggle with a feeling of impatience and I have to hurry up and make money as the market won't be here for long. I end up in a rush to place trades and inevitably end up overtrading and/or placing really terrible trades. I have no idea where this comes from and id love to tackle it. I wondered with your experience could you talk to any of this? Thanks , Rob
Question about risk.When Steve mentions risking 5 or 10% per trade,if the trade is going against,does one allow that full 5 or 10% to hit stoploss?
What an amazing interview. Such a breath of fresh air. Please thank Steve, and get him back as much as possible!
Why does he say that ED&F Man offered a retail trader, trading course, this is bullshit. He says that ED&F Man went out of business and was taken over by Marex, this is again bullshit. Refco was taken over by Marex, not ED&F Man. Also he claims to be a hedge fund trader yet he isn't on the FCA register in the UK. This raises major red flags, that an unregulated person is trading other people's money, this is illegal in the UK. Did anyone else even think to ask these questions? Personally he's saying, I signed up loads of people to my IB scheme, didn't care if they won or lost, I got paid for introducing them, I then took that money and pretended to trade. He's telling you I don't trade, I just take other people's money, was their IB, and then realized there's more money introducing people than actually trading. He saw a gap in the market and made up a story and sold it to retail traders as a dream. 100% full of shit. Unregistered, unregulated, sales person. THINK BEFORE YOU BELIEVE PEOPLE
Finally back to reputable guest thanks cam , we were in retail land / guru hype for a while
Steve Ruffley spoke like a real scalper GOOD LUCK MATE I ain't joining you on that trading methodology I would die with heart attack in 2 months
It’s just money. It’s made up😁
Feels good hearing from someone who matches my trade personality. A scalping mad-man like I am slowly becoming. 😂 Screw all that 1% and 2% risk. I’m just like him. 5 and 10% easy. That’s where the magic happens.
@A AA true
You're gambling
Right! I have a higher risk tolerance too.
You dummies don’t have the bankroll this guys has but feel free to play around with your high risk tolerances with minimal management and see what happens
I really would like to know who actually pushed the idea of risking only 1% on a trade bs. Lots of non traders writing trading books😂and of course it’s a math formula(probability and odds) to help you stay alive but even that is for protection capital and you’ll never make money. Risking 1% is pure joke
Jesus, I feel like a boss fully scaled in with 15 to 30 lots and This KING is dropping 1k lots. Insanity!
"the most criminal thing the average retail trader does is leave money on the table" Steve Ruffley WOW! if you don't listen to this you gots to be crazy. 5 BIG GREEN ENGULFING CANDLES on this interview. 💯💯💯🔥🔥🔥
you can do what he is talking about on a small account this is one of my two strategies and it works very well if you manage the risk right and can do the math good.
Do math good 😁🤪😁🤪
Finally someone who understands me
I swear ICT talks about this !
“I just keep pressing” 😂😂😂
Lol
Love the no bullshit approach!
👏🙌👏 Steve spoke facts. Its all about time - the perfect time to jump is when you jump.
Wow! Steve trades exactly the way I do I never knew someone trades the same as me. Except the lot sizes obviously 😂
but you also making money? :)
Always be careful when someone love to share big numbers... Remember Madoff
'big size' , 'big bullsh*t' more like
Great interview! Had to listen to this twice, lots of wisdom in here!
ive read his book and it was good, learned the candle closes on levels and they will get respected
Can you elaborate? What things does he look for that define overextension?
@@907Blademan From what i can remember is that he states that trends continue from 50% and 61.8% ratios of retracement. you will also see candles close perfectly on the retracement levels and that shows that the level is a strong support/resistance area
What are the 8 pairs he trades - From the Video I get 5 only - 1. sell GOLD spikes, 2. Sell EUR/USD Highs, 3. Buy the dips on USD/JPY, 4, Buy the dips in the DAX, 5. Trade GBP (not sure what pairings?) Numbers 6,7,8 can anyone help?
great interview, great questions loved it
❤I use KEY LEVEL
ORDER BLOCK
TREND LINE
AND MOVING AVERAGE
& I USE ONLY ONE TIME FRAME BECAUSE I HAVE EMAS
Dude I laughed my ass off when he said “it’s criminal mate!” 😂 and “I want the pain!, bring the pain” 😂 fucking killed me, and the look on Cam’s face when he said “I use no stop loss” then admittedly there seems to be more winners with doing that
All traders who win they use the "intuition trading"
Because only third eye have the power to see the future of trades
For those of you who are wondering how he keeps getting in when the trades goes against him, he probably layers multiple trades with split risk around certain areas, like he said, he puts to bigger sizes on the extremes (wich makes more sense from a R/R perspective), then obviously he has a determined exit point for his losses and winners. Make sure you calculate ur risk before hand, don´t get your account blown away with a margin call guys.
Edit: dont put 10% of your account at risk like that nuthead said lol. You can have the same result of risking 10% with having less risk on table if you stack your trades as it goes in your favour while trailing your stop loss. Its safer and gets the same result if not better
Also, if he's risking 10% of the account and is serious, then chances are he only puts 10% or less of his total risk capital in his trading account. Thus it's still 1% risk of total funds -- but 90% of his money is OUTSIDE his trading account.
e.g. $100,000 total funds. But $90,000 in "safe" investments or the bank. $10,000 in trading account. Risk 10% of account = $1000. But $1000 is only 1% of total $100,000. This is how I've seen poker players and other traders compartmentalize their risk.
@@dakaodo yes its a good aproach however the advice he gave was 10% of your total account and we can assume most people put all they are Willing to lose in an account
Probably Spreads trades and puts on size when the Spread goes off side. He trained with Marex and Schneider's that is how they trade.
.
magic baby magic! big move changes life.
where can we see his live trade? you said you shot a video.... where is the video?
I want to ask him about does he get any problem with executing big volume and closing them because its often said that they cant provide liquidity like that fast
All the 1:50r “retail” kids punching the air right now by the way he trades and he is completely right we are in the financial markets and we are here to make money . Take your money and run. You are only able to place these types of lots once you have spent enough time in the markets and devolved your edge at the end of the day there is no right or wrong way to trade. Are you making money or not ?
To us Swing traders sounds harsh 😥
Idk if its just me but this guy seems like hes hiding something
😂
He is a bull crap talker! His website shows him saying he has a £200k black bull account, the largest private account on there he says. Well, He isnt trading 1000 lots with that , thats for sure
He’s probably maxed at 1000 at one time before, it wouldn’t take the size you’d think to do it but the leverage, when it just barely goes his way with that size he’s in profit ALOT
@FromZero2Riches well you already know the 1% bs
What are places to look for wealthy ppl to trade for
Big size no stop is great, but what if your internet or power goes out while you're in a trade?
Haha
I tried rolling with no stop loss for a while until my connection shit the bed mid trade. Never again lol.
lol I hear you. Same happened to me twice now. Bad times haha
You could always just put a safety net stoploss or an equal stop-entry a good distance away just in case you lose your connection or have a heart attack or something. That way you know you’re ok should some sh!t it the fan & you’re standing underneath it.
New zealeandean Rajabanks that trades like Uncle ted
that what you call a traders thats not politically correct xD
It’s called Martingale Trading…..
read his book great podcast
I’m listening to it on the podcast. But I can’t catch the company he worked for in puerto banus or Gibraltar. What’s the company name?
I’m currently in Gib and was hoping to find a company to show my track record and maybe work with
He said MAN FINANCIAL.
Great interview
Great interview, but before investing or trading make sure you have an expert guide you accordingly
This is the truth, investment without proper guidance is waste of resources
As a business man this is always my thoughts when I hear about investment 💯
I have got to say this. I really enjoy your channel. I have been trading off and on since 1996, when online trading just got started and brokerage fees were 29.95 USD for 100 shares of stock. However, not in my mid 50's and have a decent savings account from some good long-term investments. I want to trade, but this time I am taking my time to really fix my "mind". I was undisciplined in the past and had no risk management. Now I am too careful about taking trades and when I do, they are tiny in terms of percentage of my account.
That being said I have listened to a lot of your podcasts, and it has really helped me mentally to 1) overcome my ridiculously small sizing restrictions and 2) formulate a plan and to stick with it.
Keep up the good work!
Thanks for having him as a guest, I follow him since many years and red his book. I would like to hear from him how exactly he defines an overextended move? Is it a overextended M15 Candle at a specific time? Does he still prefers to trade at 9 am, 2:30 pm and 7 pm?
all in his book Franco!
Sorry, but that’s not true. I have his book since he published it, I read it about 3 times. The Fibonacci part is good, but nowhere in his book did he write how exactly he defines an overextended move. Don’t tell me the RSI part is the answer.
@@MrAcSP I'm a few months late, It's probably a measurement of the last 2 swings (high to low or low to high). If price has retraced more than say 60% its overbought/oversold. Did you figure it out already and if so, was this your conclusion? 🙂
What is the name of the books he mentioned here ?
omg please fix the audio grish and reupload, my ears!
if you want you can send me the audio as mp3 and i can fix it and send it back, will take me 1hour of work to do it so you should get it the same day
yeah man I sure hate it when the market decides to trigger my stop on my 0.05 lot trade and I lose $1. what an idiot
Please please do something about the audio....you make so good content but the audio feels off
3:1 or 4:1 trades, take the profits and like he said if the trades still good, that's when you go again, and let that baby run, moving stop up until it stops you out or the chart gives you a good signal to exit.
sounds like he's set up to win small and lose big for some reason?
Love this guy
Brilliant interview
Love this guy
Which broker allows 1000lots mate
Good one
Hey frnd how many lots are traded in forex on a major pair daily.
ok so i just got to the part where you spoke about the question, *Something I would like to ask Steve would be when trading his strategy what would be his defining factor in the market in terms of managing the trade obviously he has no stop loss and watches his trade like an hawk where does he feel like he finds the best information and timeframe , for example is it in the last few seconds of an minute candle or 5minute candle etc.* (maybe he will understand this question better than i wrote it lol)
And finally in terms of understanding himself aka trade Psychology what process does he go about this or in hindsight early on what process did he use in terms of journaling it, what key factors did he have to work on as he mentioned at the beginning of the video early on in his career he could make money but couldn't keep it so was it before/during or after the trade he suffered from bad Psychology and what did he analyse in himself to become consistent.
last question but no least does he believe that the market is run on an central bank algorithm or is manual for the most of it ( what percentage would he say it is if both)
Thanks tradingnut
What broker allows 1000 lots? On MT4 the max is 50 for currencies
He's not exactly trading a micro account lol
Thank you!
Lmao 1000 lots with no stop loss. Wallstreetbets has entered the chat
1000 Lot is a $100,000/+
Thank you kindly ✍️
Steve is a gold! I love that mate!
Always great interviews.
Strategy
Can you get James Storm on the show?
How can a 1000 lots only make 10 or 20k .
It's sincerely not realistic. Maybe he meant 100 Lots. 1000 lots should make atleast 200k per trade.
@@petermuhoho3780 Agree, I doubt 1000 lots..... £7400 a pip EurUSD at current rates, so depending on what his spread is,a 10 pip trade would be £75k less spread. Maybe he only hunts for a couple of pips which would make 15k about 3 pips with spread , but I have no idea whta liquidity is like at that size but I have had it on 3 lot trades with a jumpy market and I dont get filled where I wanted, or anywhere near sometimes
if you listen closely, at one point the guy says "You Know".
The Real 1000 lot trader who did it intentionally unlike Anthony 😂
he's trading his P&L not the market..... bad idea... just a matter of time before he blows out his account
My god! This is exactly how i trade... Its funny how life brings to you more of what you know! thanks for the content! Cant wait to learn more
Check out the series we shot after... ua-cam.com/play/PLMvorEB618WFaKgmHIsMfsUgxOYC2EEUK.html
10-20% damn.. 5 wrong trades u wiped out. this guy has never really been able to make sense to me lol
seriously mate ! that's too much risk
Get up to 10 funded accounts. Must be big accounts. Risk 1% on each. You’ll risk 10% overall but still won’t blow the accounts and you’ll make fortune
Yours is the sickest disclaimer
No cap🤣