The only people that can predict markets to any accuracy, are the people that move them, everything else is hearsay, speculation, or luck. The only thing the retail investor or trader can control is how much liquidity he or she brings to the market, or not, and in the case of not bringing any liquidity, the market movers will just make things look so attractive that the average ego has no choice but to enter, which will result in getting lucky or realizing losses. There are no exceptions to this, and regardless of the dollar amount your parents expend on your economics degree or how many hours you spend stocking shelves at walmart won't affect these absolutes. Good "Luck".
Not true. Formula 1 drivers can handle speeds mere mortals can't. It's the same with TA. Those with high level of TA skill do generate better entries. Ofcourse trailing accuracy n trading is a different mindset. But good TAs lose far less than the herd. And it's got a lot to do with genuine skill at analysing PA
I have only started watching n listening to some of the interviews you have done over the past month n this one stands out the most as it's helping me understand the dynamics that's trading comes with, like having trading goals like daily or monthly goals which mostly at the end of the week or Mondays mostly I loose most profits I have made throughout the week which Andrew made me understand that I should be making long term goals like achieving consistency in the long term n also journaling my trades as well as my feelings, I get agitated when I am not trading instead of waiting I just try to find a trade even though I don't see or have much reasons for entry I enter n end up paying for it with loosing but the most Iearned is understanding the type of trade I take from types he mentioned .. Just being me not trying to be someone else
I know that “Agitation”. I feel better losing a trade than not taking a trade at all, at least I can give myself credit for trying. But, sometimes the best trade is no trade. Pick your poison.
The problem of strategies that doesn't occur often is not just waiting; there's a high chance of missing the pattern when it occurs because while waiting and nothing happens, they may leave to do something and the pattern forms at that moment when they're away.
There’s so many variables premarket and pretrade during market. The problem is they end up contradicting each other. You can journal your trades, the problem there is the next time you run into that same situation it performs completely different. All you can do is execute your strategy. If it’s not working you may have to wait a day or two till it comes back around or have a different strategy for that kind of action. Expect nothing. It’s all about execution.
“THE INNER MARKET”… that was a WORD!!! ❤ he is so eloquent in describing the real struggles of traders
this guy is a gem in trading psychology
Duration of winning an loosing trades was new to me. It is important to keep an eye on as well. !!! So thank you!
This guy is awesome!
The only people that can predict markets to any accuracy, are the people that move them, everything else is hearsay, speculation, or luck. The only thing the retail investor or trader can control is how much liquidity he or she brings to the market, or not, and in the case of not bringing any liquidity, the market movers will just make things look so attractive that the average ego has no choice but to enter, which will result in getting lucky or realizing losses. There are no exceptions to this, and regardless of the dollar amount your parents expend on your economics degree or how many hours you spend stocking shelves at walmart won't affect these absolutes. Good "Luck".
Not true. Formula 1 drivers can handle speeds mere mortals can't. It's the same with TA. Those with high level of TA skill do generate better entries. Ofcourse trailing accuracy n trading is a different mindset. But good TAs lose far less than the herd. And it's got a lot to do with genuine skill at analysing PA
Sound advice. Thanks for holding this interview.
Thanks for watching!
I love this interview. Thanks for the knowledge Sir. 🤗
Really glad you liked it!
I have only started watching n listening to some of the interviews you have done over the past month n this one stands out the most as it's helping me understand the dynamics that's trading comes with, like having trading goals like daily or monthly goals which mostly at the end of the week or Mondays mostly I loose most profits I have made throughout the week which Andrew made me understand that I should be making long term goals like achieving consistency in the long term n also journaling my trades as well as my feelings, I get agitated when I am not trading instead of waiting I just try to find a trade even though I don't see or have much reasons for entry I enter n end up paying for it with loosing but the most Iearned is understanding the type of trade I take from types he mentioned .. Just being me not trying to be someone else
I know that “Agitation”. I feel better losing a trade than not taking a trade at all, at least I can give myself credit for trying. But, sometimes the best trade is no trade. Pick your poison.
22:46 OMG! He explained what I’m going through to the T. I don’t why I always do that but I need help lord.
great video, ordered my trading log mid way thru interview 😊
Very good have to try it thanks
Another informative video thank you so much for this effort 🙏🙏🙏 I’m really struggling with my psychology but I will build gold mindset for trading
I'm very glad this was useful :-)
This was a great insight
Thanks E great interview.
Thank you for watching, Bruce!
@@DesireToTRADE you always have great interviews and content
The problem of strategies that doesn't occur often is not just waiting; there's a high chance of missing the pattern when it occurs because while waiting and nothing happens, they may leave to do something and the pattern forms at that moment when they're away.
Excellent
Love from india brother thank you so much 😊😊
Thanks for watching!
Nice one !!
excellent!!!
This one was full of nuggets 👌
Glad you liked it!
thank you Etienne
Thank you for watching
Thank you both!!! ❤
Bendiciones desde Puebla, México.
Thank you Man, the last video whit Andrew hellp me a lot 🙏🙏🙏
Glad it was helpful!
This guy is gold !! ))
There’s so many variables premarket and pretrade during market. The problem is they end up contradicting each other. You can journal your trades, the problem there is the next time you run into that same situation it performs completely different. All you can do is execute your strategy. If it’s not working you may have to wait a day or two till it comes back around or have a different strategy for that kind of action.
Expect nothing. It’s all about execution.
Is PNL stand for profit and Loss
Yes 👍
🔥🔥🔥🔥🔥🔥🔥🔥🔥
The mental side of trading is the most important part of your stradegy.
Emotional Turbulence
👍🏻👍🏻👍🏻
❤❤
Is that a Québécois accent I detect?
Absolutely 👍
24:10
NEEED 2 VIDEO
Cool to hear the psychology but he doesnt sounf like he believes in technical. Guess he didnt succeed at that.