The 10-Minute Talk That EVERY Trader Needs to Hear
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- เผยแพร่เมื่อ 12 พ.ย. 2024
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I love it
Hola
Whats his name
1. Bet on winning set ups.
2. Don't play on Boredom Trades.
3.Never add to losing trade (it's going against you for a reason)
4.Take profits on winning trades.
(Partial atleast)
5.Always trade with free and clear mind.
6.Dont revenge trade (when you feel obligated to make money)
7. Cut losses
8. Walk when presenting.
Thank you!
@@snasndasdnjkas keeps the brain moving.. I do it all the time on the phone specifically when negotiating 💡
9. add on to winners
10. profit factor rules everything in profitability. not win percentages
My own golden rule of the investing game.... Don't trust anyone in the investing game.. DYOR.
Basically, every trader who watched this kind of video knows these things. It's not about hearing or reading them. It's about letting them be ingrained into your mindset by repetition.
You can't say to someone you are drunk as he doesn't think so , he has to experience the hangover to realise the action done.
Sometimes only sometimes I think we are gamblers with different name called Traders😅
@@youcefassou1592 Cool. But how's that related to my comment? 🤔😅
@@zolbayar what he means is sometimes other than repetition, experiencing the pain / the consequences first hand, will ingrain those lessons in your mind also because of the trauma that you won't forget haha
Yes, it can take 3 to 6 months for your brain to beleive something that didnt seem beleiveable at first, as in you can be told or shown something that you didnt think was possible, see it with your own eyes and think wow, now i beleive it, but seriously your brain hasnt accepted it yet
real
Yes this mans a trader. He won’t stop moving
hahahha
lol
He moves around like a volatile market on a Monday
I wonder what his EMA on that stage is.....lol
😂😂😂😂
Awesome advice....I've learned this information the hard way losing a 5k account. Taken me 6 months later to start again using my own set ups and not watching guru's and chat rooms. Past 4 months I'm averaging 58.6% win rate. Learning curve has improved and continues...
Scotty S what is your strategy? Cause my dipbuys always trigger my stoploss before i make a huge win
@@Energizer720 buying the dip is a bad strategy and only works in major bull trends
@@Energizer720 what you expect to make 20% each time, trade for 2% each day with a 1% stopped, please don't but the bottom, buy someone thing that is going up
Steven ZJ this will solve your issue.... When your stop loss is triggered close A PORTION of your position...
Example: Your long 100 shares...it hits your stop loss close 75-80 shares and leave the rest
From here you will need to track how many trades ACTUALLY go for you when you believe the thoughts you just mentioned..
Maybe you find out that only 30% of your trades actually go into profit and 70% of your trades continues losing money and stopping it out was the best decision
It's important to have proof ..not just feelings or it seems like... I went down that road ...then I started to track all THESE ideas and found many that I thought ...were actually false
@@Alexander-vu6fw Awesome,That is seriously a very good advice that I am going to implement.
Literally the best trading information summarized in 10 minutes.
Very useful and very precise. Love this channel
His walking path is like a stock that is trading in ranges, you think its easy to predict but it's not. I tried to put bets on where he'd stop and reverse. I failed big time.
Should have opened an iron condor, as long as he ends up somewhere on the stage you win
Haha
Hahahhhhhhh
But once he crosses the mic...it's a buy signal
He bounces off the SMA and after he reaches the top he bounces back down off the top VWAP
Study your loss much more than technical analysis. Then ,Apply mathematical rule to money management for tackling loss. Key to success.
Can you elaborate more bro...
Ya know, I've been trading for 5 months and have read books, watched countless videos, enrolled in training and they all teach the exact same thing. Everything he said is 100% correct. It seems so easy when you hear it. Follow rules. Never deviate, etc... Why can't I just follow the rules!? I am getting better. I am learning to judge my trading day not on profits but on how closely I followed my rules, no matter the outcome.
What u said is correct..
Gotta learn to not think like the usual retail trader or that’s how you get got every time. Need to be able to identify manipulation, order blocks, liquidity grabs, etc. I personally only trade metals, I know gold and silver chart like the back of my hand. Master a certain pair and it will be much easier. All you need is 100 pips a day.
How are you getting on with it now ?
how has it been bro
@@teezy1071 He flipped the off switch after losing everything.
Simple to learn; a lifetime to master
This is one of the most succinct and useful trading videos I've seen yet.
To sumarize:
1. Only trade your max confident set-ups and be prepared to wait days/weeks for them (ie cut out the boredom trades). Because you're trading less, you can increase the size.
2. Cut losses fast
3. Scale out of your profitable trades in increments (I like to do this using chart levels and % gains)
4. Never revenge trade or trade if you are emotionally off kilter that day or seriously lacking sleep
If I can offer my 2 cents, Never trade when you high or have a hangover NEVER.. Awesome video
@R F eish can't wait for that day where I can trade for a living ... But weed makes me see things that are not there so I just learned to smoke on weekends😂😂😂🤦🏾♀️
R F 95% be like
Exactly why casinos do offer free drinks, because you tend to be sloppy when high hence likely to gamble more and more
R F hey, what setups do you trade? im in high school rn, looking to start day trading stocks for a living, would greatly appreciate any help :)
Black Teddy don’t trade on TOS. That platform lost me a lot of dough
Thanks. Sounded like he was talking about me. Rules are a must.
Easier said than done
i've started listening to this daily to remind me to stop trading like an idiot lol , my trades have been more successful since i saw this video thanks a lot
i havent found it easy trading on my own i think still need to increase my trading patience and disciple i can only hope for changes
how does a rookie like me figure all this out i saw this video as an add and decided to take a look i am glad i did pretty intrigued but have no knowledge about this
Love how quick he was to say “You’re wrongly shortly after 8:37
No reason to overthink a losing trade. Sometimes unpredictable things happen, but heavy majority of the time - it’s because you were wrong.
Really liked this speaker’s pacing too. Lot of good info & reminders in a short 10 minutes!
Trust me traders, if one loss is enough to blow up weeks or months of your wins then your risk management is shittier than Bixby
any idea to maintain risk management
Have a strict stop loss and once hit close the system , assess how much you can risk/ trade. Afford to risk only the capital which you can afford to lose. Plan only 1 percent risk per trade of your capital, set your position sizing based on this
I really needed to hear this after today. For the past 2 weeks, I’ve given myself new rules that strictly cut losses and I only entered a few, but good positions w big money behind them and saw way more success than my previous strategy. Of course I’m really stubborn when cutting loss and I know I can get emotional and lost a weeks worth of trading w 5 bad trades today and yesterday bc I refused to cut loss and put a stop loss on my positions bc I refused to believe I was going to be wrong after a successful streak. Following your rules is so hard to get right, it’s tough to develop discipline and maintain it. But I definitely see the upsides in it. We’re trading to become a better trader, not to just make money. Money just comes along with it. This talk was awesome, hit everything I needed and was looking to hear.
I did a similar thing, had one day that wiped out a week of trading. Sad thing is, I recovered 90% of my losses on that same day, but then went in to try to get green again. Shouldn't have done that...
How is the progress now?
@@samithasooriya8733 Lmaoo I completely forgot about this. I made six figures that summer but lost 90% of it that following September. Kept the rest in ETFs and long holds and quit day trading. Now I’m getting my professional degree in the medical field.
@@yueyangshang7210 oh damn ahah
@@JF-Gagné i ended up going to nursing school if u were wondering how this day trader turned out LOL. Just gonna passively invest my money instead when I start my career
This speaker was very well prepared. Outstanding talk!
Mark Douglas goes into this/these issues in depth on Trading in the zone. Good advice overall
Lol what a coincidence..the book is on my hand at this very moment as im reading this comment..nice.. :)
You pretty summed up everything about trading in 10 mins. Good to remind oneself of how to keep emotions out, stick to rules and stay profitable.
Keep in mind, he is talking about big movers and big accounts. Start small and practice w paper accounts.
I feel sorry for the cameraman😥🤣
LOL LOL
As a camera operator I can say that yes, going back and forth isn't as easy as babysitting a locked shot. If I'm directing this kind of thing and the presenter won't stay still I would just tell the CamOp to frame head-to-toe because moving back and forth is distracting, when really, it's what they're saying that's important, less the picture. You think this is crazy but imagine shooting sports!
lol
Not as bad as ice skating, but yes it's annoying as a camera person, (as I have done, along with follow spot.) And offen the speaker thinks it's motivational to move so much but their nervous pacing is really just distracting!
This is what they get paid to do. I feel no sorrows lol being annoyed is part of the job.
Ive watch so many trading psychology videos and this guy has such clear words of wisdom in the shortest time
Solid advice. Without rules we're just tossed with the waves of the charts, like a ship without an anchor or any sails.
Down 100k? Wait what? 😓😳 shit I’m cutting my losses at 100 😅 then again way smaller cap. Love the emphasis on stop loss 🙏 thank God I’m constantly watching videos like these 💪🏼 strict discipline. NO BAGHOLDING.
This dude is the real deal. Great vid
if one trades takes out weeks or months of profit your risk management is very very wrong.
it depends on the type of trader.
Exactly.
wrong
Long term traders are investors, not an intraday trader
Its beyond risk management... it's about discipline, atitude...
As a person making a living entirely on sports trading i appreciate this...I been doing a challenge on my channel for some time and focusing on the basic principles i have realised that the most important factor is how we behave just after 1 loss
i just needed to see this right now. Thanks.
It's amazing how most of the info I am finding, I already know or had the mind set for.
You are right. My big losses were only because of me being stubborn, not any sudden market about-turn or any of that shit. Got to trade with a clear mind for sure.
he explain trading very well in 10 minutes...
he lost me at "a small loss is $5000"...
@@VOILAA no he said it because $5000 to a real profitable trader is a small loss
@@VOILAA for example during covid crash I lost a small position of $2000
@@VOILAA Phil is a beast, some of his day trades north of $100k profit. He doesn't need attention.
Bibonow he’s not selling anything but stock
Experienced traders who sincerely care about teaching, as opposed to boasting and showing off, will emphasize the percentage win and loss and not the dollar amount. Everyone has different account balances and risk tolerances. A $5,000 loss might be career ending for a small trader, and is pocket change for someone else. However, if they are training their followers to look at %, they will be more focused on the process, and not the money.
I think I’ll play this in the background when the market opens each morning.
I was just needing a talk like this! Last day I lost my capital trading and I was needing motivation and a good speech to continue trading! I know this is the road, some days it´s gonna be hard, other days we´ll feel as we are gods, but the purpose is to keep going even we are tired or without motivation! Let´s goooo
consistency-discipline -
patience is key or ye sab mere andar develop ho rha hai , kyuki mai apne mindset pr work kr rha hun trading se pehle se .
but the purpose is to keep going even we are tired or without motivation :) .... yes yes yes yehi bo 95% log nhi krpate hai or fail hote hai. (thats good point )
Great video but easier said than done. My first big loss was just over 10K, I said, that will never happen again. I had a 17K loss, I said that will never happen again. I had a over 20K loss, I said, that will never happen again. I had a over 50K loss, then I said, never again. The +50K loss was over 5 years ago, that was the one that made me stick to rules, I hope.
How much did you start with
@@shutupidiott 30K
I lost 3k and I’m about to lose my mind
😂@@rome2593
Needed this, thank you . Everything you said was spot on. 100% very true and very straight. I have tendency to not stick to these very simple rules. Thank you again 🎯👌
how is it going bro
Awesome talk! I absolutely love the reality, simplicity and delivery of these truths! Thank you for sharing... Px
@6:00 Priceless advice 🙏 You can always revisit, just stay in the money…
Simple yet powerful!
Damn, wish I watched this a few weeks ago. Would've saved myself a lot of heartache haha. But very very valid. Total truth as a new trader
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great talk, the key to be good trader is to manage loses
I watch it every now n then, every time I learn new stuff from him!! Thank u
You can really see that this trader is the real thing. Mostly I invest, but have begun more focus on daytrading too. He says, and we have heard 100 times, the dire statistics that say 95% of daytraders are losers. I do agree with that abysmal conclusion. My own daytrading improved wildly into mostly profitable trades when I insisted upon cutting losses very very tightly. Because these large trades use margin, I simply refuse to harm the account by allowing leverage to work against me. The trader in this video gives us clear and accurate reminders of the important trading rules that we already know from experience. Good talk!
Bro The thing you told @ 10 mins "if you have a lack of sleep" exactly true for me. Overall till now I made around 190k but had lost around 100k during the days I feel tired and forced myself to that screen 🤧🤧..
GOOD SLEEP IS MUST
T he trading market is constantly evolving with new features, trading opportunities, financial swing all around the corner. The best thing is to stay in shape , and try not to be caught on the wrong foot.
Trusting Mr Jacob with handling my investment was one of the best things I did for myself. You stand to monitor your investment and request payouts at any time...
Trusting Mr Jacob to handle my investment, is one of best things i did for my self. You stand to monitor your trades and can request payment at any time.
I find it really profitable trading under the mentorship of a pro trader like Jacob Henderson.
Mr Jacob, has and is still helping new and exciting traders to stand firm in the trading market. I feel so happy to be among the benefitors.
Talk to Jacob on
what(s)app
+(1) 917 983 ((0193)).
One of the best and to the point trading videos I’ve seen
So important to cut loses quickly. R/R has to be determined
Excellent presentation !! worth watching daily before starting the Trading day !!
Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works
Having a stable investment package keeps you financially stable!
Great video. Simple things that traders at all levels need to always keep in mind
Great job, great info, well executed.
Trading can turn on a dime, superior fundamentals and technical action, and buying at the right time, are all part of the process to succeeding in the stock market
Wow. 3 minutes in, and the most important message here is that you learn from your losses. You don't learn from your wins. There's a saying on Wall Street. "Don't confuse brains with a bull market". And it was Friedrich Nietzsche who said he never learned anything from those who showed him good will. He learned from those who showed him ill-will. It carves away dead wood the SAME way that losses serve to make a more ideal trading strategy. For beginning traders, THAT is why it's important to stick to a plan. If you stick to it and it doesn't pan out, then you can adjust it. If you DON'T stick to your plan and it fails, you have pretty much nothing to point to for the loss and it remains lost in vain.
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To the 1% traders that sees this: You will become a MILLIONAIRE by trading!!! 💰💰💰
I have been trading for 30 years and this guy is 100% on the money
Very awesome. That felt like a ted talk. Great watch !
True dat!
"Mental stops" is a very slippery slope
Not necessarily - stop limit orders aren't always filled. Also - scalp trades can happen so quickly that you don't have time to create a stop order.
Part of trader development is learning to robustly set and follow risk management. Mental stops depend on a traders' discipline.
@@YovanNoel That's what bracket orders are for. Stop orders are filled immediately at the best price upon being hit, so while there is slippage risk it's still the most solid protection you can have. Scalping with mental stops seems dangerous to me no matter how disciplined you are price moves really fast, like you said.
@@gidalyahbrons5780 Agreed. :)
agree,,,,worst advice!
It's good to have a mental stop as well as a Stop Market Order
Im going to listen to this every morning
Very good presentation. Has he been looking over my shoulder recently ???
I backtested him at 2x...now I am ready if he gives another speech! I know his range now!
you know you are on the right track when you can get out of a bad trade and still make a little money
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Lol that's me
Good, sound and straight to the point lessons
Best cameraman
Simple logic about trading
All trades have good days and bad days but the real trader will lose small percentage on bad day and he gain multiple times more percentage in good day
Easier said than done. Once your heart rate elevates, you forget to breathe , lose sense of time and get tunnel vision , no rules any longer apply and it's game over. Key is, preventing a mental situation that makes you brake the rules, and thay is very , very difficult.
Excellent information and well stated. My only issue is how many of us traders can trade that size? He has much better staying power than most of us. I would like to hear a talk about smaller traders (under 2,000 shares) and how to manage risk.
I have planned to choose stock trading as my full time job. your advice and tips are experience based and I will keep that in my mind. Thank you. Gratitude!
I am extremely impatient with my losses. Just a little dip in the red and I'm out. When a stock is winning, I book partials on weakness and full-blown sell on what I think may be a reversal. It helps me big time because my patient winners outweigh my extremely tight losses in the end :D
Good advice all round with the exception of using mental stops. Never use mental stops in trading.
this video is such in a right timing for my needs, thanks a lot for this
Brilliant. Mandatory. Brilliant. And Also Mandatory. Thank you.
Greatest trading video I've ever watched. Like changer.
Why? He just babbled.
Wow. Amazing principles. Thank you so much.
WONDERFUL !! thank you nate !!
only a 5000 dollar loss ! Guess I'm not there yet
Yeah, no kidding! I loose 5 hundy and I'm bummed out!!
Right Big Money💰💰💰
With a 350 dollar account a 5000 dollar loss is like not so good :-)
Haha that’s like my entire account
I am going to play it every morning before I start trading.
Not knowing how to cut losses is my main problem but I’m learning from my losses and I’ve realized my wrongs
Been looking for something like this for a while. I want to know exactly what the veterans know and it was pretty succinctly summed up in this video
#1 Rule: If price breaks support, exit the trade.
and get stop-loss hunted
Jeff, that's the one rule that never works. Set the stop loss somewhere below the support not AT the support.
Or trade the breakout
Algos fake the break lately.
I needed to hear this...Great speech!!!
This video could take a trader's trading from 40% profitable to 99.9% profitable.
trading is simple if you can handle emotions. trade pre market gappers and movers with volume. set bracket order just above pre market pivots, or a little lower if youre feeling confident, set stop loss for what youre comfortable losing (in my case im ok with 100$ loss, after that it ruins my day). either stock breaks out and clears pivots and vwap and triggering order, raise to break even as soon as possible then follow bar by bar (my style)... or the stock triggers order and u lose 100$.. or the stock completely misses your bracket order, and thats fine too. Make sure u have a few stocks on your watchlist. Get quick at orders, share size, and ALWAYS TAKE YOUR STOP LOSS, dont move that thing down or up hoping that the market will answer your prayers, it never seems to work out. take it, move on to the next stock.
Would you ever buy a breakout that is below the premarket high on a gapper?
Thanks
this guy speaks truth...very good
So you would sell once you have reached the loss you are willing to take ?
I thought I was the only one who was making these mistakes. It surely is a journey!! Just needed some encouragement after wiping out my past 6 months. I'm winning on paper but losing because of "unofficial" trades that I made. If only I could wait for my set ups. God.. why is it so difficult??
You’re not alone there
John 3:16. God bless 🙏
Those of us who have traded for more than 5 years are nodding at our screens when he says NEVER add to a losing trade. By all means fade into your maximum stake but NEVER EVER exceed it.
After around 5 years every trader knows what to do, doing what you know though, well, that’s the holy grail for us traders.
This guy is in complete control 🎯
1. Bet on winning set ups.
2. Don't play on Boredom Trades.
3. Never add to losing trade (it's going against you for a reason
4. Take profits on winning trades.
(Partial atleast)
5.Always trade with free and clear mind.
6. Dont revenge trade (when you feel obligated to make money)
7. Cut losses
This is great advice
I needed this...dont hold losing trades
.dont be stubborn
So simple, but so effective...
02:20 said it all
this is a fantastic video
Awesome content. Thanks a lot for sharing with us.
Damn, Such an amazing speech!
Great talk, very spot on.
Great talk ... Thanks a lot .... Just one pro tip on Public speaking, please do not move so much up and down during a talk
And the truth will set you free..excellent. 😎
Note to self ..watch this video every other day