The "no high five" rule is so key. In the past when I experienced a euphoric "I've got the trading game sussed" moment the market quickly and and often brutally reminded me I have more to learn
I really like Simon's suggestion to think of yourself as a risk manager - makes sense to me. His approach sounds very time efficient, that appeal too. Great interview, thank you!
superb statement faced it many times" as a trader its your job to stop a small loss to a big loss" if you can perfect the art of not loosing money . wow what a statement
I just wanted to say that I truly appreciate you, your the reason why I started my youtube channel in the first place. Thanks to you I now teach people about financial literacy and how to invest their money. Thanks once again, and I hope you could inspire more people just like myself to build a youtube channel. 😊
What makes candle sticks stop where they stop before reversing in the market because when I'm look at a chart they seem to just stop and reverse very randomly no matter wether its bull or bearish that in itself can be confusing as to when to enter and more importantly set a stop loss in my opinion
The market moves from a random distribution of millions of orders. Focus on really understanding “edge” and not strategies. Any strategy can be traded profitably, so don’t waste your time on trying to find the best one. Edge is something that comes and goes, and your ability to find edge is going to be the biggest way to turn your trading around. If you take the greatest trader ever vs a new trader and put them both in a market that’s not moving they both won’t make money. But if you put them both in a market that’s moving, they both have a great chance at making money. The only deference between good traders and bad is the ability to find what’s moving aka edge. Good traders have developed a method to find edge consistently. Instead of taking many bad trades. But don’t get me misunderstood just because you have edge doesn’t mean you will make money on every trade, edge is based on a series of trades over time.
The market is unpredictable and you can never really know in which direction it will go, technical analysis can give you a slight edge at to what is the overall trend and what is the mood right now. At all times you have a 50/50 chance to either win or lose. All you can do is manage your risk and have a clear plan as to how to grow your capital. Each time you enter the market without mitigating your risk you will surely lose.
This helps a lot. Simon talks about possible 5% monthly ROI. I wonder how many trades he does per month and how many of trades end positive? 40%? I need a number cause I work on variance stimulation module
The "no high five" rule is so key. In the past when I experienced a euphoric "I've got the trading game sussed" moment the market quickly and and often brutally reminded me I have more to learn
✋🏼
The excruciating psychological pain of trading never seizes to exist
I really like Simon's suggestion to think of yourself as a risk manager - makes sense to me. His approach sounds very time efficient, that appeal too. Great interview, thank you!
Absolutely
superb statement faced it many times" as a trader its your job to stop a small loss to a big loss" if you can perfect the art of not loosing money . wow what a statement
Kudos for interviewing these types of traders on your channel
Very good interview. Thanks! Hopefully more people will see this.
I learned a lot from this interview. Less than 3 years trader here. ❤
Glad it was helpful!
This interview is absolutely gold in bars mate, appreciated a lot!! 🙏🙏
Very glad you liked it!
I enjoy your interviews a lot.Thanks . Keep moving
Thank you! Will do!
I just wanted to say that I truly appreciate you, your the reason why I started my youtube channel in the first place. Thanks to you I now teach people about financial literacy and how to invest their money. Thanks once again, and I hope you could inspire more people just like myself to build a youtube channel. 😊
That is awesome!
@@DesireToTRADE thanks again man!!
Great interview and sound trading method. Thanks
Glad you enjoyed it!
Great podcast Etienne! Thanks for it!
Glad you liked it!
Quality information!
Glad you think so!
Thank you, quite informative..
Glad it was helpful!
I've got his book and I hope it works for me! 🤞
Merci Étienne. Fantastique entrevue. Continue de nous présenter des traders qui nous aident à nous améliorer
effectivement, dans le monde francophone on trouve beaucoup plus de la merde qu'autre chose
VERY interesting interview... Thank you both!
Glad you enjoyed it!
What books do you recommend to start trading?
-Synergistic Trading
-Trading in the Zone
I agree with Thomas Carter
The Tao of Trading by Simon Ree :)
golden words
Thanks E good interview. Happy Easter
You're welcome, Bruce!
What timeframe is he trading off on his chart?
Thanks for the sharing.....
What makes candle sticks stop where they stop before reversing in the market because when I'm look at a chart they seem to just stop and reverse very randomly no matter wether its bull or bearish that in itself can be confusing as to when to enter and more importantly set a stop loss in my opinion
The market moves from a random distribution of millions of orders. Focus on really understanding “edge” and not strategies. Any strategy can be traded profitably, so don’t waste your time on trying to find the best one. Edge is something that comes and goes, and your ability to find edge is going to be the biggest way to turn your trading around. If you take the greatest trader ever vs a new trader and put them both in a market that’s not moving they both won’t make money. But if you put them both in a market that’s moving, they both have a great chance at making money. The only deference between good traders and bad is the ability to find what’s moving aka edge. Good traders have developed a method to find edge consistently. Instead of taking many bad trades. But don’t get me misunderstood just because you have edge doesn’t mean you will make money on every trade, edge is based on a series of trades over time.
The market is unpredictable and you can never really know in which direction it will go, technical analysis can give you a slight edge at to what is the overall trend and what is the mood right now. At all times you have a 50/50 chance to either win or lose. All you can do is manage your risk and have a clear plan as to how to grow your capital. Each time you enter the market without mitigating your risk you will surely lose.
Best video ❤
Can't wait to get back to trading
This helps a lot. Simon talks about possible 5% monthly ROI. I wonder how many trades he does per month and how many of trades end positive? 40%? I need a number cause I work on variance stimulation module
That is apart of my business plan too tbh . I rather risk 1/2 a percent and aim for 5% a month . I manage risk and trade like a bank.
🎉
What does going to cash mean ?
Not having a position/trade .
Thank you for so nice and important videos🙏🙏🙏🙏🙏
Most welcome
Everyone who has there own system who makes money has a Nobel prize. Its not happening. 40 years experience.
I don’t think that’s accurate. I know plenty of good traders with no Nobel prizes.
@@DesireToTRADE I doubt they have there own system! Wyckoff
@@DesireToTRADE Well the EU which has been on re-accumulation broke the handle and the range after 8 days in the box! smashed the block of die hards
All these big banks and commentators tell you load of rubbish use own research.