Excellent, very compact presentation. My take away: Always use stop/losses AND IF you move your S/L it has to be in the direction of profit, and that is UP in a long position and DOWN in a short position. Never ever move your S/L so that you risk losing more money. DO NOT HOPE. Take a small loss and be happy, you have shown good character and should be proud of yourself. You have done nothing wrong.
If only I had started trading with an experienced trader as a mentor. I dove in head first and of course I learned painful costly lessons. I’ve survived because it was do or die and failure wasn’t an option. The biggest challenge is between one’s ears …..following strict rules with self control….yup…discipline trading turned it around for me. Quality trades with proper risk management…..over trading is no longer an option for me. My motto is STAY GREEN, NOT GREEDY! I’m not a swing trader so I don’t have days I have minutes to decide…..different animal but the basic fundamentals are the same. Don’t chase trades FOMO ….agreed ! Live to trade another day. Must stay disciplined otherwise a trader will not survive long term.
This was great, thanks! I'm a new trader and have already mastered perhaps the most important thing to new trades: the stop loss. Well, I say mastered but let's just say I've learned it...
You are an inspirational trader to me I discovered you on trading 212 in 2019 or 2018 when I first opened an account. I will keep following and I hopefully will be to get in on your community soon
Hi David. Great podcast. I read a book by yourself many years ago when ,I believe a the time, you were at CMC. I loved it for it's honesty. I think reading between the lines as a trader you have moved on from that time, i.e. not so much technical analysis, and more practical market trading levels.
Hi Alan. I wrote that back in 2008 I think so a lot has changed with my trading since then. I am still a technical trader but mainly focused on trends and levels, like you say. Price is everything!
It's a zero sum game .. for someone to win a pound someone has to lose a pound... you have to beat your losing trades and your brokers spread ... most the software out there doesn't even show orderflow .. your better off bet trading get on betfair with bet angel software at least you stand a better chance or should I say you have a fair crack at winning ..
Excellent, very compact presentation.
My take away: Always use stop/losses AND IF you move your S/L it has to be in the direction of profit, and that is UP in a long position and DOWN in a short position. Never ever move your S/L so that you risk losing more money. DO NOT HOPE. Take a small loss and be happy, you have shown good character and should be proud of yourself. You have done nothing wrong.
lovely basic video for rookies, loved it would use this material to teach people!
10/10 content David
Thanks very much.
Excellent, many thanks David
If only I had started trading with an experienced trader as a mentor. I dove in head first and of course I learned painful costly lessons. I’ve survived because it was do or die and failure wasn’t an option. The biggest challenge is between one’s ears …..following strict rules with self control….yup…discipline trading turned it around for me. Quality trades with proper risk management…..over trading is no longer an option for me. My motto is STAY GREEN, NOT GREEDY! I’m not a swing trader so I don’t have days I have minutes to decide…..different animal but the basic fundamentals are the same. Don’t chase trades FOMO ….agreed ! Live to trade another day. Must stay disciplined otherwise a trader will not survive long term.
This was great, thanks! I'm a new trader and have already mastered perhaps the most important thing to new trades: the stop loss. Well, I say mastered but let's just say I've learned it...
Glad it was helpful! Good luck with your trading.
Well, the answer is simple, in order for someone to win, others should lose
Brilliant video.. I feel like I learnt a lot about my own mistakes; the information hit me like a Sledgehammer...
Nice reference! 😀
You are an inspirational trader to me I discovered you on trading 212 in 2019 or 2018 when I first opened an account. I will keep following and I hopefully will be to get in on your community soon
Thanks for that - I am glad you have found it useful.
Thx David.
The trading platform is so good that it was designed to ensure that 80% of normal distribution in the population will loose money 🙂
Hi David. Great podcast. I read a book by yourself many years ago when ,I believe a the time, you were at CMC. I loved it for it's honesty. I think reading between the lines as a trader you have moved on from that time, i.e. not so much technical analysis, and more practical market trading levels.
Hi Alan. I wrote that back in 2008 I think so a lot has changed with my trading since then. I am still a technical trader but mainly focused on trends and levels, like you say. Price is everything!
What brand & monitor size left & right?
AOC 32"
It is no longer 90% trader? Thank God we are getting better 😂. There is hope
There are a lot of unused accounts with capital sitting in them, and they count them in the statistics as "not losing"
It's a zero sum game .. for someone to win a pound someone has to lose a pound... you have to beat your losing trades and your brokers spread ... most the software out there doesn't even show orderflow .. your better off bet trading get on betfair with bet angel software at least you stand a better chance or should I say you have a fair crack at winning ..