Thanks Rob , this last video is really good ! not just for the quality of the info that you provide but most for the desire to open up your thoughts after having a large experience in the ground and aiming to give that to everyone ! that has the power to cut off years of bad experieces and draw a cleaner path on our trading carrier ! Muchas gracias
Hi Rob, the more I listen to you, the more I realize we share the same philosophy....I was connected this morning for the live presentation, but the waiting was worth it. Thanks for sharing not only your knowledge in trading but also your life coach side....Either way I'm pretty sure you also think both go hand to hand.... thanks again....
Happy to see the 80/20 principle being applied to trading. I have been using this principle when I was working in the FMCG business which really helped me a lot. Just to share, another concept from business that can also be applied in trading is 4DX or The 4 Disciplines of Execution by McChesney, Covey, & Huling. Here they discussed that to achieve your business objectives, you need to focus on process goals or lead measures instead of focusing on lag measures like sales or profits.
I am curious about this concept of the "biggest winning trade" and "biggest losing trade". I think it is relatively to what strategies we use. Of course, our strategies are all different and this is what I do. Every single time the indicator I use gives me a signal to enter a trade (either a buy or sell), I enter and set a fixed TP and SL (X:1) with the SL set at Y% of my NAV. By doing this consistently, I don't get a "biggest winning or losing trade". The wins and losses are all calculated by percentages (same percentages) and I am able to net an average monthly return of Z%. Not gonna reveal the values of X Y Z, but it is working significantly well for me. I guess the main challenges for my method are 1) controlling emotions, 2) doing calculations every single time, 3) looking at charts 24/5 and 4) finding a signal for entry that gives a relatively good win rate. Automation solves 1 - 3, so we are only left with 4, which requires some hard work studying the market.
Good content. So many concepts seem to be painfully obvious as you describe them in such a clear way. Although hard to follow during actual trading when the fear and greed starts to take over.
Idea: How about doing just one large trade per month? ... Then walk away taking the final 5 to even 12 days off if the trade closes earlier than expected
I am trading for last 4 years only totally agree but learned few new concepts today. I am trading lesser compared to 2-3 years ago but combining the steps you mentioned here may make my trade less panic and life more easy.
No one can predict a stock market. You theory works if you are really good at picking stocks with tons of capital. For average traders, it's not that easy to simplify their portfolio with small capital to make constant profit.
Hey Rob! How bout that I share a birthday with your daughter too! Random I know, but a good pickme up since i missed the broadcast this morning and get to watch the replay while @ work. Maybe one day your trading will let me escape the grind & do more meaningful things with my day. Keep up the good work I appreciate all the effort you make.
Makes far way more senses to keep yer sanity Hold yer life together with less effort!! Id even drop to 0.5% effort To do that!! I do query question tho rob that youve retained your sanity!? But we must all be a bit mad to be in this game anyway right? So you do belong!! Somehow in this global asylum we call modern day trading!! Lifestyle family & health balances are always crucial to maintain properly whatever you focus on!! Nothing is worth sacrificing your inner happinesses for anyway!! Id rather be poor & happy Than rich n lost my family.or rich n miserable! Cuz it cost you so much along the way!!
Once you have a sustentable system, you can make more trades and therefore increase your probabilities of success, that is more profitable trades than loosing trades.
ILKBNS You might create an EA (Expert Advisor). If we are taking about the forex market, I have hired a programmer for 20 to 40 USD to make such program. You must present the idea/concept to the programmer that create it. You will find them at Upwork amongst others. This EA can then be linked to a program called MT4 or MT5 where ordets normally can be made in the forex market.
Nice job of promoting the 80/20 idea, which is well grounded as a first principle and in market wizard success. However, your logic is incomplete and falls well short of a meaningful or successful model
I think your sanity had already been lost on that logic. If any athlete followed this model there would be no champions. Keep in mind you've essentially presented the failures mentality using statistics. less work = less stress = less money, only satisfies the mind of the complacent. Thank you for your presentation.
Your not mad after all i shall now cancel out the men in the white coats in a van coming to take you away!! Using sedatives strait jkt now ok youve finally proven yer sanity
thats a masterpiece you are really self aware
Thanks Rob , this last video is really good ! not just for the quality of the info that you provide but most for the desire to open up your thoughts after having a large experience in the ground and aiming to give that to everyone ! that has the power to cut off years of bad experieces and draw a cleaner path on our trading carrier ! Muchas gracias
I've never traded but this video just gave me the confidence and motivation to start
Biggest day trading video i will ever see...Thanks.
Most powerful explanation of our mistakes.
Thank you sir for this content.
Boy you're a breath of fresh air. Thank you
i loved this video it has turned my mind from often running in slow trading position to somewhat patient and long term minded trader
I literally kissed the video (laptop) once i complete watching this.
Loved this! Thank you
I love 80/20 stuffs. I try to see and execute this rule in everything of my life to make it simple. Great video! Well explained!
instablaster
Broke it down really nice, looking forward to doing some 80/20 work on all my trades
Amazing video ! Well done !
I am not getting up from my couch, I will become a millionaire .
Hi Rob, the more I listen to you, the more I realize we share the same philosophy....I was connected this morning for the live presentation, but the waiting was worth it. Thanks for sharing not only your knowledge in trading but also your life coach side....Either way I'm pretty sure you also think both go hand to hand.... thanks again....
Happy to see the 80/20 principle being applied to trading. I have been using this principle when I was working in the FMCG business which really helped me a lot.
Just to share, another concept from business that can also be applied in trading is 4DX or The 4 Disciplines of Execution by McChesney, Covey, & Huling. Here they discussed that to achieve your business objectives, you need to focus on process goals or lead measures instead of focusing on lag measures like sales or profits.
I am curious about this concept of the "biggest winning trade" and "biggest losing trade". I think it is relatively to what strategies we use. Of course, our strategies are all different and this is what I do. Every single time the indicator I use gives me a signal to enter a trade (either a buy or sell), I enter and set a fixed TP and SL (X:1) with the SL set at Y% of my NAV. By doing this consistently, I don't get a "biggest winning or losing trade". The wins and losses are all calculated by percentages (same percentages) and I am able to net an average monthly return of Z%. Not gonna reveal the values of X Y Z, but it is working significantly well for me. I guess the main challenges for my method are 1) controlling emotions, 2) doing calculations every single time, 3) looking at charts 24/5 and 4) finding a signal for entry that gives a relatively good win rate. Automation solves 1 - 3, so we are only left with 4, which requires some hard work studying the market.
Thank you for your vids man, they are really helpful
Thank you for sharing your knowledge to public!
Thank you for explaining the truth and facts about trading.
The biggest trading mistakes comes from large open positions and trying new strategies you just saw somewhere.
Great advice, well delivered!
What is your top priority of your intellectual couriosity in trading
Good content. So many concepts seem to be painfully obvious as you describe them in such a clear way. Although hard to follow during actual trading when the fear and greed starts to take over.
Pure gold, amazing explanation
Nice content and very understandable one
Indeed very understandable
His one of the gifted trader I know just like Mr Adorjan luisharo
Idea: How about doing just one large trade per month? ...
Then walk away taking the final 5 to even 12 days off if the trade closes earlier than expected
I like your videos, traveling back in time. I'm new here overall, had to subscribe 👊🇯🇲
thank you so much Rob...well done.
Really interesting presentation Rob! Thank you.
Great information, thank you.
Thank you, Rob, I bought the book this summer but I forgot it. (And I bought in Spanish, lucky me). I'm improving my trades and my English too.
I have many of Kochs books. He came out with a revised edition of that book.
Hi Rob…been trying to balanc my life and trading (more losses than wins😳)..great video…something for me to digest..Cheers!Thanks
I am trading for last 4 years only totally agree but learned few new concepts today. I am trading lesser compared to 2-3 years ago but combining the steps you mentioned here may make my trade less panic and life more easy.
Great video! Thanks for your time Rob!
Thank you very much for your videos.
Thank you
SMART MAN. Great content.
Very informative video... Thanks Mr Rob... Really appreciate
You’re so great! Thank you!
No one can predict a stock market. You theory works if you are really good at picking stocks with tons of capital. For average traders, it's not that easy to simplify their portfolio with small capital to make constant profit.
Excellent video
Thanks alot!
this is golden
Hey Rob! How bout that I share a birthday with your daughter too! Random I know, but a good pickme up since i missed the broadcast this morning and get to watch the replay while @ work. Maybe one day your trading will let me escape the grind & do more meaningful things with my day. Keep up the good work I appreciate all the effort you make.
Makes far way more senses to keep yer sanity
Hold yer life together with less effort!!
Id even drop to 0.5% effort
To do that!!
I do query question tho rob that youve retained your sanity!?
But we must all be a bit mad to be in this game anyway right?
So you do belong!!
Somehow in this global asylum we call modern day trading!!
Lifestyle family & health balances are always crucial to maintain properly whatever you focus on!!
Nothing is worth sacrificing your inner happinesses for anyway!!
Id rather be poor & happy
Than rich n lost my family.or rich n miserable!
Cuz it cost you so much along the way!!
Profound knowledge
Great content
Great advice.
Once you have a sustentable system, you can make more trades and therefore increase your probabilities of success, that is more profitable trades than loosing trades.
thank
Excellent info, I'm just getting into the crypto currency exchange I'm definitely going to apply this method. Thanks for posting this.
Omg great video and concept
Great Vid!
Thank your video Rob!
Wow that makes sense, trading at 100% sounds like working for my employer... I'd rather have sanity, but how do I automate?
ILKBNS You might create an EA (Expert Advisor). If we are taking about the forex market, I have hired a programmer for 20 to 40 USD to make such program. You must present the idea/concept to the programmer that create it. You will find them at Upwork amongst others. This EA can then be linked to a program called MT4 or MT5 where ordets normally can be made in the forex market.
Some great advice, thanks for sharing!
I ain't no traitor man.
Good one
Very sound advices
Thanks for the vid Rob!
Very true rule!
Thanks so much Rob
Awesome explanation!!!!
Thanks Rob !
I applied the Pareto principle to this video and only watched 3 minutes and 5 seconds.
You're funny boy. How things working out for you now? You gotta be a comedian by now 😂
Simple enough that the mind cant understand it..
Your are very Smart..😅😅
In Forex isn't it more like 99/1 rule?
On effort, we are trained we get paid according to the hours we put in.
Youre funny. :) Had to laugh about life:)
i 80/20'd this video and watched 4 minutes
Your audio is too low Rob, even turning my speakers up, I can only just hear you..
.
sir, audio very feeble.
Nice job of promoting the 80/20 idea, which is well grounded as a first principle and in market wizard success. However, your logic is incomplete and falls well short of a meaningful or successful model
Most if forex videos and tuts misleading and bring a new victims for forex( more liquidity)
So true
Everything was great until I hear the "robot". Lol
Less is more
I think your sanity had already been lost on that logic. If any athlete followed this model there would be no champions. Keep in mind you've essentially presented the failures mentality using statistics. less work = less stress = less money, only satisfies the mind of the complacent. Thank you for your presentation.
A 100 % of the Gov. profit will come from 20 % of my effort -__-
Your not mad after all i shall now cancel out the men in the white coats in a van coming to take you away!! Using sedatives strait jkt now ok youve finally proven yer sanity