Great episode ! I really appreciated Steve Burns book too. Here is my time stamp for the questionnaire: (2:00) Intro (2:19) Ho did you get into stock market? (4:16) How was your success in the beginning? (5:18) What did you struggle with early on? (6:06) How did you end up controlling your position sizing? (7:22) How did you get back into trading after losing half of your account? (8:36) How do you define your trading style (9:19) What do you like about your style of trading? (10:39) Explain how your approach is influenced by Nicolas Darvas (12:25) How did you discover that? (13:35) Your trading is based on technicals, do you use any fundamentals? (14:33) What does a good setup looks like to you? (What do you look for to go into a trade) (15:32) Once you're in, how do you manage that trade? (17:30) What are some risk management rules to save a trader from blowing up their account. (19:43) For those with low capital, how to trade with 1% of their account? (21:03) What is a good starting capital for traders (21:44) Is it a good idea to start with an 8 grand account and start trading? (24:10) Getting educated - How do think new traders can get educated? (25:34) How do you filter the noise from all the information/education? (26:38) How to piece together all the bits of information ? (27:33) What would you say to traders who are losing day by day? (28:33) What do you believe is the difference between traders that make it and traders that don't? (30:41) What advice do you have for traders who struggle with the emotional side of trading? (31:53) What is the best piece of advice you ever received? (32:10) What is the #1 trading resource you cannot live without? (32:22) Name a book you believe to be a must read for any traders just starting out (32:56) Knowing everything you know now, hat would you have done differently come day 1? For more cool stuff visit www.tradersarcade.com :)
Practical points from 005: - Focus on risk management or blow up. - Steve uses 1% max risk per trade + profit trailing + well funded account. - Don't focus on prediction (it's impossible), trade present information (recomends reactive technical analysis). - RSI and Moving Averages can be used for exits/targets. - First you learn how to trade, and only AFTER you start trading real money (newbies do the oposite). - Know what are the right questions to ask. - Find whatever plan fits your needs and personality. - Real money came from longer holding periods. - Profitability is possible with 100% Technical Analysis (ignoring fundamentals). - Don't fight the market, trade WITH it (trend following concept).
@Essays4College say you have 10,000 units to use on whatever instrument. You then use 1% on each trade hoping to make whatever risk/reward ratio you set. Let's use 1:2 for example. For every 100 you use, you get 200 for every win, and since you are trading short term, you can get many of these over time. It adds up over time and you really shouldn't be worried about making "big money" on a single trade unless you have specifically planned for it.
This was wonderful! Really helpful. I love how he mention educating oneself first before trading. Also technical analysis of current price movement is more valuable than fundamental analysis. Great podcast!
Recently got into investing, this channel is a Gem I can feel it in my blood. Watching everyone of these videos from episode one and taking notes. Better than any TV show YT videos Movies or music for me personally..thank you
that's nice, thanks for replying,you can send a message to my administrator on Telegram to earn massively in crypto, stocks and ETFs. (@Charlotteannsloan) she's excellent at what she does, tell her I referred you to her. Her passionate strategies are top notch.
Another great interview. Steve Burns is now one of my favorite traders because of the wise advises and words of wisdom that he is sharing in this interview. His books are now on my must read first list, but I just hope they are not to academically heavy for a beginner like myself. Thanks again Aaron! :)
that's nice, thanks for replying,you can send a message to my administrator on Telegram to earn massively in crypto, stocks and ETFs. (@Charlotteannsloan) she's excellent at what she does, tell her I referred you to her. Her passionate strategies are top notch.
+Luay Kilani thanks so much! You can find links to the most recent interviews here: chatwithtraders.com/podcast/ (although, I'm slowly adding them to UA-cam).
that's nice, thanks for replying,you can send a message to my administrator on Telegram to earn massively in crypto, stocks and ETFs. (@Charlotteannsloan) she's excellent at what she does, tell her I referred you to her. Her passionate strategies are top notch.
Most likely you will have a hard time in the beginning. If you want to become a great trader, you must learn and stick with it. Find yourself a good mentor. Cut your lost quickly, manage your emotions, make sure the risk is worth the reward.
that's nice, thanks for replying,you can send a message to my administrator on Telegram to earn massively in crypto, stocks and ETFs. (@Charlotteannsloan) she's excellent at what she does, tell her I referred you to her. Her passionate strategies are top notch.
Fantastic! There's that beautiful feeling even though you may not be where you want to be as a trader - that feeling that you're not blndly following others anymore. You're asking your own questions, doing the work to answer them, and beginning to carve your own path to your goals. Perseverance is the key to getting to that insight and most people never reach their goals simply because they just didn't give themselves enough time to succeed.
that's nice, thanks for replying,you can send a message to my administrator on Telegram to earn massively in crypto, stocks and ETFs. (@Charlotteannsloan) she's excellent at what she does, tell her I referred you to her. Her passionate strategies are top notch.
Trade the current price action - adhere to your risk management system and shut off market news - CNBC for example. Steve's methods work. Read Market Wizards and books by William J O'Neil as well. Trading profitably as well as consistently can be done.
Following market news is okay IF you allow a 2 to 3 interval before the general public catches up with the news. There is often a 2 to 3 week lag for the public to catch up.
Hey, just a suggestion for you. I know that Sam Harris was able to make his audio higher-quality by sending a microphone and an audio recorder with simple instructions for setup, through the mail, to the interviewee. Then they would either upload the audio to the internet first before sending back the equipment. Worth the expense to avoid crappy audio quality
honesty in this wonderful slIde of interviews are a Must and a first value to the show. if only further intimate knowledge Could be exploited would be a great help and if the guests could be a bit more challenged to do so.. love the show. decently reCommended
how come every trader in these interiews has a book or blog or website to sell. Do they really make money trading or are they just trying toi sell their books.
They write books or start blogs because so many people ask them for free advice, and they get tired of saying the same stuff over and over and over and over!
that's nice, thanks for replying,you can send a message to my administrator on Telegram to earn massively in crypto, stocks and ETFs. (@Charlotteannsloan) she's excellent at what she does, tell her I referred you to her. Her passionate strategies are top notch.
Paper trading gave me the insight on how trading works without risk, but i found out the risk factor when i started trading with the real account. the fear in me was much when i was losing in my real account, the confidence i built in trading real account was lost because i lose close to $25000 within a 3 weeks in my real account. But lately in past week, I could gain back some profit after been introduce to a strategy created by *Dmitry vladislav* (Blended Model Strategy) , i earned $1850 as a day trader using this strategy. Thanks to *Vladislav* that made me gain Confidence again and i assure you he's a good and well known advanced trader. You can search on internet to know more about his strategy.
that's nice, thanks for replying,you can send a message to my administrator on Telegram to earn massively in crypto, stocks and ETFs. (@Charlotteannsloan) she's excellent at what she does, tell her I referred you to her. Her passionate strategies are top notch.
This is very interesting and highly inspirational. Thank you very much. This is my first exposure to Chat With Traders. I am new to stock trading as of 2016.
that's nice, thanks for replying,you can send a message to my administrator on Telegram to earn massively in crypto, stocks and ETFs. (@Charlotteannsloan) she's excellent at what she does, tell her I referred you to her. Her passionate strategies are top notch.
Extremely Great Advise. Totally agreed that we should take it seriously in the learning process. I was shocked when I heard someone who told me she knows how to buy a stock but does not know where to place stops and exits... I am still learning and ongoing studying for the last 3 years!!!! Thanks for these videos!!!! It helps with the psychology part of trading which is even more critical part of trading!!!!
apr 1, 2016, Dear Aaron, 1 important issue i s brokerage, how does traders create profits with big brokerage, I may have 4 currencies with me, signals were fine, I entered in the 4 currencies, 1 of them went undesired but the other 3 went fine, but when the markets are consolidating entry and closing may be frequent because of false signals, and then of course we may get some true signals for a big profit, so how do traders handle the brokerage? Brokerage and erode 1s profits specially in consolidating markets,
+Nayan Mipun this is why it's in your best interest to get commissions as low as possible (while still using a reputable broker). Out of the major online brokerages, Interactive Brokers is amongst the cheapest. But shop around and don't be afraid to ask for a discount - they worst they can say is "no".
+Steven Stamatis - Hey Steven, I've done two 'reverse interview' episodes, where I discuss more about my development as a trader. They will be on UA-cam soon, but for now you can listen here: chatwithtraders.com/ep-025-aaron-fifield/ & chatwithtraders.com/ep-050-zach-hurwitz-aaron-fifield/
You can't predict anything but you can predict that trends will continue? Trading is all about prediction. If you click the buy button you are predicting the price will go up, if you click the sell button you're predicting the market will go down. Unless you like losing money I guess. "reading what the market is telling you" is making a prediction based on current price action. Yes holding onto a bias in the face of contradictory price action is stupid and this is probably what he is referring to but I don't get this idea of not being able to predict the future comes from. It's literally all you do as a trader.
that's nice, thanks for replying,you can send a message to my administrator on Telegram to earn massively in crypto, stocks and ETFs. (@Charlotteannsloan) she's excellent at what she does, tell her I referred you to her. Her passionate strategies are top notch.
Not sure why you ask this superfluous question. Do you know amazon.com? ;) Jack Schwager. His interview on Chat with Traders is also excellent. Also check out the Brett Steenbarger`s interview on Chat with Traders.
that's nice, thanks for replying,you can send a message to my administrator on Telegram to earn massively in crypto, stocks and ETFs. (@Charlotteannsloan) she's excellent at what she does, tell her I referred you to her. Her passionate strategies are top notch.
The question that NO TRADER EVER ANSWERS is how do you know that your system has an edge? Why should your system work? No one ever talks about this. If your system methodology isn’t inline with real market mechanics it will fail no matter what risk management and good psychology you utiliise. So many traders will dial because their system that they stick to religiously and trade perfectly… has no edge
I really think Mr Burns doesnt trade successfully if at all . His education is just the same generic junk that all traders that use it fail with . To be great at this game you need to do things different from the crowd . Would be great if CWT only had guests with verified returns
that's nice, thanks for replying,you can send a message to my administrator on Telegram to earn massively in crypto, stocks and ETFs. (@Charlotteannsloan) she's excellent at what she does, tell her I referred you to her. Her passionate strategies are top notch...
Let me explain to everybody what really separates pro traders from everyone else. Pro traders know how to trade around their positions. This is what separates the men from the boys. This one percent rule stuff is cute but it's elementary compared to what I am stating. Pro traders know how to trade around their positions.... And If you dont know what trading around your position is, It means you're not a pro trader.
Ok 1% stop loss is if the stock does not gap down or gap up against your position overnight and hit u r stop loss. What happens if it gap up/ down 10-20 % on new trader next morning ? You just blew up u r trading account.
It's not if the stop goes down 1%. You have to adjust your size for the stop. So on a chart, you would say Ok I'm going to enter at $X price, and then I would place my stop at $Y price, so then you work out how many shares you would need to buy or go short so that when the stop price is hit you only lose 1% of your capital.
Great episode ! I really appreciated Steve Burns book too. Here is my time stamp for the questionnaire:
(2:00) Intro
(2:19) Ho did you get into stock market?
(4:16) How was your success in the beginning?
(5:18) What did you struggle with early on?
(6:06) How did you end up controlling your position sizing?
(7:22) How did you get back into trading after losing half of your account?
(8:36) How do you define your trading style
(9:19) What do you like about your style of trading?
(10:39) Explain how your approach is influenced by Nicolas Darvas
(12:25) How did you discover that?
(13:35) Your trading is based on technicals, do you use any fundamentals?
(14:33) What does a good setup looks like to you? (What do you look for to go into a trade)
(15:32) Once you're in, how do you manage that trade?
(17:30) What are some risk management rules to save a trader from blowing up their account.
(19:43) For those with low capital, how to trade with 1% of their account?
(21:03) What is a good starting capital for traders
(21:44) Is it a good idea to start with an 8 grand account and start trading?
(24:10) Getting educated - How do think new traders can get educated?
(25:34) How do you filter the noise from all the information/education?
(26:38) How to piece together all the bits of information ?
(27:33) What would you say to traders who are losing day by day?
(28:33) What do you believe is the difference between traders that make it and traders that don't?
(30:41) What advice do you have for traders who struggle with the emotional side of trading?
(31:53) What is the best piece of advice you ever received?
(32:10) What is the #1 trading resource you cannot live without?
(32:22) Name a book you believe to be a must read for any traders just starting out
(32:56) Knowing everything you know now, hat would you have done differently come day 1?
For more cool stuff visit www.tradersarcade.com :)
Thank you
You the MVP for this
Appreciate man 👍
Practical points from 005:
- Focus on risk management or blow up.
- Steve uses 1% max risk per trade + profit trailing + well funded account.
- Don't focus on prediction (it's impossible), trade present information (recomends reactive technical analysis).
- RSI and Moving Averages can be used for exits/targets.
- First you learn how to trade, and only AFTER you start trading real money (newbies do the oposite).
- Know what are the right questions to ask.
- Find whatever plan fits your needs and personality.
- Real money came from longer holding periods.
- Profitability is possible with 100% Technical Analysis (ignoring fundamentals).
- Don't fight the market, trade WITH it (trend following concept).
Thank you
Thank you
Thanks a lot! Really appreciate you sharing this with everyone, God bless :)
Realistically how much can you make only risking 1 pct? Seems too light to make a difference
@Essays4College say you have 10,000 units to use on whatever instrument. You then use 1% on each trade hoping to make whatever risk/reward ratio you set. Let's use 1:2 for example. For every 100 you use, you get 200 for every win, and since you are trading short term, you can get many of these over time.
It adds up over time and you really shouldn't be worried about making "big money" on a single trade unless you have specifically planned for it.
dont stop what you're doing man, I appreciate your content
Yes, thank you!!!
Yttèy I was type that way right tyranny gtte just t
To be a Trader is to be a Lifelong Learner!
Been trading since 2008 and have only just come across this channel - keep it up Aaron
Good
Technical
1. Fundamentals vs. Technicals
2. Position Sizing / Process
the best Chanel ever there's no words to describe how much information and lessons you can get from here
This was wonderful! Really helpful. I love how he mention educating oneself first before trading. Also technical analysis of current price movement is more valuable than fundamental analysis. Great podcast!
Priceless interview . I would have paid to listen.
+Justin Senia, thanks so much.
I'd recommend his books together with Brent Penfold's....risk of ruin and trend trading are imho the holy grail.
I have listened to about 50 of your interviews. This one stood out as Excellent for new traders !!!
Recently got into investing, this channel is a Gem I can feel it in my blood. Watching everyone of these videos from episode one and taking notes. Better than any TV show YT videos Movies or music for me personally..thank you
that's nice, thanks for replying,you can send a message to my administrator on Telegram to earn massively in crypto, stocks and ETFs.
(@Charlotteannsloan)
she's excellent at what she does, tell her I referred you to her. Her passionate strategies are top notch.
Another great interview. Steve Burns is now one of my favorite traders because of the wise advises and words of wisdom that he is sharing in this interview. His books are now on my must read first list, but I just hope they are not to academically heavy for a beginner like myself. Thanks again Aaron! :)
that's nice, thanks for replying,you can send a message to my administrator on Telegram to earn massively in crypto, stocks and ETFs.
(@Charlotteannsloan)
she's excellent at what she does, tell her I referred you to her. Her passionate strategies are top notch.
Dude I love the channel, there are many good stuff in each broad cast to learn, keep it up! I believe there will be huge success for this.
+Luay Kilani thanks so much! You can find links to the most recent interviews here: chatwithtraders.com/podcast/ (although, I'm slowly adding them to UA-cam).
that's nice, thanks for replying,you can send a message to my administrator on Telegram to earn massively in crypto, stocks and ETFs.
(@Charlotteannsloan)
she's excellent at what she does, tell her I referred you to her. Her passionate strategies are top notch.
This is supposed to be chat with traders. Steve Burns is a publisher and marketer.
I have listen to everyone of your interview. I just want to (thank you) soooo much for what you are doing.
+Jay Fowler - you're so welcome! And props for listening to each interview too, that's a lot of hours.
of all the interviews you have heard, what do you think are the biggest takes away? Especially for new traders.
Most likely you will have a hard time in the beginning. If you want to become a great trader, you must learn and stick with it. Find yourself a good mentor. Cut your lost quickly, manage your emotions, make sure the risk is worth the reward.
thanks for the feedback
that's nice, thanks for replying,you can send a message to my administrator on Telegram to earn massively in crypto, stocks and ETFs.
(@Charlotteannsloan)
she's excellent at what she does, tell her I referred you to her. Her passionate strategies are top notch.
Dr. Alexander Elder book recommendation. Awesome Steve Burns.
Great info. Thank you both Aaron and Steve.
Fantastic! There's that beautiful feeling even though you may not be where you want to be as a trader - that feeling that you're not blndly following others anymore. You're asking your own questions, doing the work to answer them, and beginning to carve your own path to your goals. Perseverance is the key to getting to that insight and most people never reach their goals simply because they just didn't give themselves enough time to succeed.
Lots of good knowledge in that interview Aaron.
In case anyone else was wondering, this isn't Steve Burns from Blue's Clues
that's nice, thanks for replying,you can send a message to my administrator on Telegram to earn massively in crypto, stocks and ETFs.
(@Charlotteannsloan)
she's excellent at what she does, tell her I referred you to her. Her passionate strategies are top notch.
Trade the current price action - adhere to your risk management system and shut off market news - CNBC for example. Steve's methods work. Read Market Wizards and books by William J O'Neil as well. Trading profitably as well as consistently can be done.
Following market news is okay IF you allow a 2 to 3 interval before the general public catches up with the news. There is often a 2 to 3 week lag for the public to catch up.
Hey, just a suggestion for you. I know that Sam Harris was able to make his audio higher-quality by sending a microphone and an audio recorder with simple instructions for setup, through the mail, to the interviewee. Then they would either upload the audio to the internet first before sending back the equipment. Worth the expense to avoid crappy audio quality
Looks like Episode 7 is unavailable! Would it be possible to share that one too?
There are a lot of good knowledge in this interview. Thank you so much. You make me more confident with my own strategy :)
Thank you so much on the efort and making these for all of us
Thank you so much. For the content
Awesome questions Aaron! love the interview great video!!
Great, interviews!!! Can you get more FX traders on, that would be really helpful.
You created such a great content and worth listening ideas .. thank you all the best to you 👌
I really really love this episode. Steve Burns really broke down the strategies he uses. Great, great trader.
+Gregory Arrindell awesome to hear you liked this interview, thanks.
Amazing interview
This guy dropped some nice little pearls of wisdom
honesty in this wonderful slIde of interviews are a Must and a first value to the show. if only further intimate knowledge Could be exploited would be a great help and if the guests could be a bit more challenged to do so..
love the show. decently reCommended
+jay los I appreciate the solid feedback Jay - all the best.
I am just starting, thanks for this!
Ok for assistance on WhatsApp I contacted him and got quick response 👇
+1 4 8 0 4 4 7 1 0 0 3
Thanks a lot for your awesome content!
Great interview, I love these trading psychology topics
Information gold!!! Great advice just going back old videos relistening for hidden treasure
Great talk. These always hit me so hard. Good questions
Great insight. Thank you.
how come every trader in these interiews has a book or blog or website to sell. Do they really make money trading or are they just trying toi sell their books.
" If you're really good at something never do it for free" Sound familiar From an awesome movie?!
Jajajajajja no, this guy has 12 books, so you really believe someone trading moving average is profitable? no!
offset risk
They write books or start blogs because so many people ask them for free advice, and they get tired of saying the same stuff over and over and over and over!
that's nice, thanks for replying,you can send a message to my administrator on Telegram to earn massively in crypto, stocks and ETFs.
(@Charlotteannsloan)
she's excellent at what she does, tell her I referred you to her. Her passionate strategies are top notch.
Great interview ....thnks aroon n steve
very helpful so greatful i found this channel
What is back testing ?
Here, for assistance on WhatsApp 👇
+1 4 8 0 4 4 7 1 0 0 3
Forming a theory and then going through the historical charts to see if the theory works in retrospect.
Great interview. Thank you.
such a great interview...
Depends on the trader and the strategy. I know some traders that win 85 percent of the time. Now that's a trader that can risk 5% of their account.
Headband I know what I'm talking about.
Actually it's "BEAUCOUP" and I never said I make beaucoup money, I don't trade sims either..
Paper trading gave me the insight on how trading works without risk, but i found out the risk factor when i started trading with the real account. the fear in me was much when i was losing in my real account, the confidence i built in trading real account was lost because i lose close to $25000 within a 3 weeks in my real account. But lately in past week, I could gain back some profit after been introduce to a strategy created by *Dmitry vladislav* (Blended Model Strategy) , i earned $1850 as a day trader using this strategy. Thanks to *Vladislav* that made me gain Confidence again and i assure you he's a good and well known advanced trader. You can search on internet to know more about his strategy.
that's nice, thanks for replying,you can send a message to my administrator on Telegram to earn massively in crypto, stocks and ETFs.
(@Charlotteannsloan)
she's excellent at what she does, tell her I referred you to her. Her passionate strategies are top notch.
one of the best episode, thank you.
This successful traders are like enlightenment beings 😍😂
Chihuahau Trades are the way to go!
He is simply great 👍👍
If you want TOP trading psychology that is the real path to long term success!!! Listen to CWT !!
This is very interesting and highly inspirational. Thank you very much. This is my first exposure to Chat With Traders. I am new to stock trading as of 2016.
+Rickard Markette, pleased you thought so! I hope you'll stick around to check out other episodes too. All the best, Rickard!
that's nice, thanks for replying,you can send a message to my administrator on Telegram to earn massively in crypto, stocks and ETFs.
(@Charlotteannsloan)
she's excellent at what she does, tell her I referred you to her. Her passionate strategies are top notch.
Thank You Aaron! From 🇵🇭
Darvas was one of the first indicators that caught my eye and that I fin interesting. Too bad though I have heard it just does not work.
Extremely Great Advise. Totally agreed that we should take it seriously in the learning process. I was shocked when I heard someone who told me she knows how to buy a stock but does not know where to place stops and exits... I am still learning and ongoing studying for the last 3 years!!!! Thanks for these videos!!!! It helps with the psychology part of trading which is even more critical part of trading!!!!
great episode
+Scott H, thanks mate.
apr 1, 2016, Dear Aaron, 1 important issue i s brokerage, how does traders create profits with big brokerage, I may have 4 currencies with me, signals were fine, I entered in the 4 currencies, 1 of them went undesired but the other 3 went fine, but when the markets are consolidating entry and closing may be frequent because of false signals, and then of course we may get some true signals for a big profit, so how do traders handle the brokerage? Brokerage and erode 1s profits specially in consolidating markets,
+Nayan Mipun this is why it's in your best interest to get commissions as low as possible (while still using a reputable broker). Out of the major online brokerages, Interactive Brokers is amongst the cheapest. But shop around and don't be afraid to ask for a discount - they worst they can say is "no".
Great talk
hey Aaron, why not make a video on your experiences in the market. it would be interesting :)
+Steven Stamatis - Hey Steven, I've done two 'reverse interview' episodes, where I discuss more about my development as a trader. They will be on UA-cam soon, but for now you can listen here: chatwithtraders.com/ep-025-aaron-fifield/ & chatwithtraders.com/ep-050-zach-hurwitz-aaron-fifield/
+Chat With Traders Thanks buddy. Like your work
awesome, you ve subtitle, i ve suggested for quite some times, thanksss
Good one
sick advice 😚 meaning great 👌
I swear UA-cam spies on me. I just read this book
All you had to was mention the book title in an email.
nat good
Muhy b yah work krna h
Great Thanks
You can't predict anything but you can predict that trends will continue? Trading is all about prediction. If you click the buy button you are predicting the price will go up, if you click the sell button you're predicting the market will go down. Unless you like losing money I guess.
"reading what the market is telling you" is making a prediction based on current price action. Yes holding onto a bias in the face of contradictory price action is stupid and this is probably what he is referring to but I don't get this idea of not being able to predict the future comes from. It's literally all you do as a trader.
that's nice, thanks for replying,you can send a message to my administrator on Telegram to earn massively in crypto, stocks and ETFs.
(@Charlotteannsloan)
she's excellent at what she does, tell her I referred you to her. Her passionate strategies are top notch.
Who is the author of the book, "Market Wizards?"
Not sure why you ask this superfluous question.
Do you know amazon.com? ;) Jack Schwager.
His interview on Chat with Traders is also excellent.
Also check out the Brett Steenbarger`s interview on Chat with Traders.
Interesting reply Jens W. Thanks for the answer. I appreciate your help.
I don't agree about having 25000 to start trading. Start off small. You will always lose money in the first year. Build consistency.
that's nice, thanks for replying,you can send a message to my administrator on Telegram to earn massively in crypto, stocks and ETFs.
(@Charlotteannsloan)
she's excellent at what she does, tell her I referred you to her. Her passionate strategies are top notch.
Zabardasth
awesome content. really appreciate this. b the trader is also good, but sometimes a little bit annoying to want his guests to like him.
I am new i am subscribe this channel
Mr. Burns.
The question that NO TRADER EVER ANSWERS is how do you know that your system has an edge?
Why should your system work?
No one ever talks about this. If your system methodology isn’t inline with real market mechanics it will fail no matter what risk management and good psychology you utiliise.
So many traders will dial because their system that they stick to religiously and trade perfectly… has no edge
Blooming bulls recommend
I have a new program that I would like to introduce to you, it's generate profits on a weekly basis
I am new and subscribe the channel
good 🎉
Good...... 27:30 after onword
Book suggest
Market wizerd and trading for a living by Alexander
I really think Mr Burns doesnt trade successfully if at all . His education is just the same generic junk that all traders that use it fail with . To be great at this game you need to do things different from the crowd . Would be great if CWT only had guests with verified returns
that's nice, thanks for replying,you can send a message to my administrator on Telegram to earn massively in crypto, stocks and ETFs.
(@Charlotteannsloan)
she's excellent at what she does, tell her I referred you to her. Her passionate strategies are top notch...
I concur, quallamagie also said the same thing in one of his live streams about burns
Beautiful
Regurgitating the same old stuff trade large and have a quick stop loss
9:00
Let me explain to everybody what really separates pro traders from everyone else. Pro traders know how to trade around their positions. This is what separates the men from the boys. This one percent rule stuff is cute but it's elementary compared to what I am stating. Pro traders know how to trade around their positions.... And If you dont know what trading around your position is, It means you're not a pro trader.
Hello how are you today
I need online work please help me
Nice vedeo👍
Done
Steve and I share a birthday.
🔥
The reverb on your mic is a broblem. . .
+Delan Tendai not really sure what that means, but a lot has changed since the time when this was recorded.
Good
Aaron u want to interview me
It's aa Spamer
Gr😅
Nice
Wow❤
Hai sir how are you
Hi
TRADE FOR STARTRADERS.COM STEVE BURNS. ASK DAVID LAUER. CLARENCE A WHITE.
Ok 1% stop loss is if the stock does not gap down or gap up against your position overnight and hit u r stop loss. What happens if it gap up/ down 10-20 % on new trader next morning ? You just blew up u r trading account.
It's not if the stop goes down 1%. You have to adjust your size for the stop. So on a chart, you would say Ok I'm going to enter at $X price, and then I would place my stop at $Y price, so then you work out how many shares you would need to buy or go short so that when the stop price is hit you only lose 1% of your capital.
@@Jamie-zs4yc you are joking Jay, right?
5e
I have a new program that I would like to introduce to you, it's generate profits on a weekly basis
RSI does not work like that lmao