I dare say it is wrong. Nowhere near 80 %. It is a lot more strategy. Getting a strategy you can rely on in the long term is an incredible amount of work. So much that most traders do not come close enough to find out if things are robust enough in the long run. There are rules everywhere else in society. Why should it be so hard to follow them only in trading? Or what is exactly meant by mindset? In my eyes. You should trade the same as you backtest, and you should trade as close as you can to what a robot what would do. It is not thay hard.
Yup I agree on the strategy part but that’s where the 80% comes cause you can have all the rules in the world. But if emotions kick in and take over it does not matter. That’s why we have rules and that’s why people break the law, either they are desperate, needy or anything else. Once you can’t control your mind/emotions it doesn’t matter what rules they are you will break em. Especially for beginners
@@MindAndMarkets101yes i agree with your statement. Trading is more of a mental training thing. Without proper mental training, we are bound to fail. Since humans are driven by emotions and not logic, it's very difficult to build a good mindset.
it is 120% strategy -20% mindset what are you saying wrong dude, if strategy is right you will make profits more than losses, you will not worry if you loss 10% 20% of your portforlio becasue you always know you will get it back and turn it into huge profits. but sadly if trader's cognitive is not good enough, he cannot build a good strategy. Imagine someone with false cognitive and have good mindset. It is like he die happyending
What if I told you a strategy with a 90% win rate and told you all the rules to follow easy right. But what if you started getting greedy and not taking profit where you should of, what if u couldn’t control yourself and started over leveraging which then would = you being scared when the position went against you. What if the 10% the strategy didn’t work you started doubting it and didn’t take the next setup. What I’m saying is it doesn’t matter what the strategy is, if your emotions kick in and you can’t control yourself YOU WILL break all the rules, you will spam trades, revenge trade. Overall this is why 98% of traders FAIL to be profitable. If it was only the strategy that was the problem there would be a higher %. That’s why when people “backtest” a strategy it seems perfect till they get into live trading. Thanks
Also I’m not saying strategy is not important it is definitely important I’m just saying people have to focus on controlling themselves than finding out the better FVG
Episode 2 ua-cam.com/video/pzzQQETjDm0/v-deo.htmlsi=8bdUkYMer2SEYEF4
very nice mate, looking forward to see more videos like this in the future
@@111_ALI yes sir finished a video today uploading tmr “how to control emotions while trading” 🙏🏾 trying to make videos better and better
lowkey not a bad video
Trying to improve everyday 🙏🏾
noice
🙏🏾
I dare say it is wrong. Nowhere near 80 %. It is a lot more strategy. Getting a strategy you can rely on in the long term is an incredible amount of work. So much that most traders do not come close enough to find out if things are robust enough in the long run. There are rules everywhere else in society. Why should it be so hard to follow them only in trading? Or what is exactly meant by mindset? In my eyes. You should trade the same as you backtest, and you should trade as close as you can to what a robot what would do. It is not thay hard.
Yup I agree on the strategy part but that’s where the 80% comes cause you can have all the rules in the world. But if emotions kick in and take over it does not matter. That’s why we have rules and that’s why people break the law, either they are desperate, needy or anything else. Once you can’t control your mind/emotions it doesn’t matter what rules they are you will break em. Especially for beginners
@@MindAndMarkets101yes i agree with your statement. Trading is more of a mental training thing. Without proper mental training, we are bound to fail. Since humans are driven by emotions and not logic, it's very difficult to build a good mindset.
it is 120% strategy -20% mindset what are you saying wrong dude, if strategy is right you will make profits more than losses, you will not worry if you loss 10% 20% of your portforlio becasue you always know you will get it back and turn it into huge profits. but sadly if trader's cognitive is not good enough, he cannot build a good strategy. Imagine someone with false cognitive and have good mindset. It is like he die happyending
What if I told you a strategy with a 90% win rate and told you all the rules to follow easy right. But what if you started getting greedy and not taking profit where you should of, what if u couldn’t control yourself and started over leveraging which then would = you being scared when the position went against you. What if the 10% the strategy didn’t work you started doubting it and didn’t take the next setup. What I’m saying is it doesn’t matter what the strategy is, if your emotions kick in and you can’t control yourself YOU WILL break all the rules, you will spam trades, revenge trade. Overall this is why 98% of traders FAIL to be profitable. If it was only the strategy that was the problem there would be a higher %. That’s why when people “backtest” a strategy it seems perfect till they get into live trading. Thanks
Also I’m not saying strategy is not important it is definitely important I’m just saying people have to focus on controlling themselves than finding out the better FVG