If youre a new trader. Dont quit your daytime job just yet to cover yoursef if things dont work out. I have layered approach where, I have 10 k in my live account, but Im only allow to lose the first $300 dollars. So Im forced to play with small lots, have to enter the mindset of risk lil but win big mentality. After I lose that first 300, have to go out and make it back with my regular job to fill it back up before playing again. If Im not good enough to be profitable and lose the first 300, then Im not ready for the big show yet.
Superb video Mark 👍 We are tested daily on the points you mentioned..... Your success depends on your control & decipline. Look forward to more such videos. Cheers
New trader here, researching and testing ideas before putting first skin in the game - finding your content very helpful and relatable. Thanks for highlighting the realities of trading and suggesting practical tools and rules. Looking forward to seeing you at Traders Day Live.
Great Video Mark! Good idea to frame these situations as a test and part of the journey. Everytime I hit these points it is like it is happening only to me...now i see that it is happening to everybody.
Distractions. As a home based trader, these got to me so badly in the past 6 months that eventually prompted me to immediately stop trading. Currently waiting for the completion of a separate and new trading office.
👉 Trade with our Sponsor Broker: Trade Nation www.financial-spread-betting.com/ccount/click.php?id=95 Trade sensibly! 81.7% of retail investors lose money. 👉 We are seeking more contributors who can produce great video educational content about trading for our channel. If you think you have what it takes please get in touch by sending a message to traderATfinancial-spread-betting.com (remove the AT and substitute by @). 👉 It seems a lot of our viewers are non-subscribers. Make sure to subscribe to our youtube channel as we upload regular videos! If you hit the “Bell” icon (🔔) you will receive a notification on youtube every time that we upload a video on our channel. Bell icon hitters are super fans of our channel 🥰
point 2: perfectly wrong. you don't know how many times my entry price acted as strongest support and resistance when i am in short and long respectively.
Rather than set an arbitrary loss limit on the session I prefer to set a 3 losing trades in a row limit. By then I know my take on the market is wrong and I need to step away and review . Being in the UK I can always come back in the afternoon to trade the US open. Or go cycling. I know before I place the first trade it could be a losing day..I expect them....it doesn't bother me anymore it's all part of the game. One snowy day doesn't make a winter . Waffle end.
I agree. After studying and observing the market for 3yrs. And actively trading (indices especially) I’ve come to this conclusion too. I only take 3 trades per day on 1 particular market. And total of 15 trades per week. As I find it very helpful analysing the market by the end of each day. And can make my losses back the next trading day. If you have a decent tight risk you can make the losses back in a short period of time.
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Good to see you Mark. Thank you for the video
If youre a new trader. Dont quit your daytime job just yet to cover yoursef if things dont work out. I have layered approach where, I have 10 k in my live account, but Im only allow to lose the first $300 dollars. So Im forced to play with small lots, have to enter the mindset of risk lil but win big mentality. After I lose that first 300, have to go out and make it back with my regular job to fill it back up before playing again. If Im not good enough to be profitable and lose the first 300, then Im not ready for the big show yet.
Superb video Mark 👍
We are tested daily on the points you mentioned..... Your success depends on your control & decipline.
Look forward to more such videos. Cheers
Mark thank you so much for this amazing lesson as always you do 🙏👏👏👏
THIS IS THE MOST VINTAGE FOREX CHANNEL EVER..I LOVED IT...I MEAN WHO KNOWS BETTER THEN TRADERS FROM UK IN FOREX MARKET
I just got out of a crazy drawdown yeah my emotions were really tested and I think these are the things that build a great successful trader
Great content.. agreed 💯%.
you have no idea, this is exactly what i need to hear. Thank you
Great video💯
New trader here, researching and testing ideas before putting first skin in the game - finding your content very helpful and relatable. Thanks for highlighting the realities of trading and suggesting practical tools and rules. Looking forward to seeing you at Traders Day Live.
Thank you Mark, great video!
Excellent as always Mark!
Great Video Mark! Good idea to frame these situations as a test and part of the journey. Everytime I hit these points it is like it is happening only to me...now i see that it is happening to everybody.
Distractions. As a home based trader, these got to me so badly in the past 6 months that eventually prompted me to immediately stop trading. Currently waiting for the completion of a separate and new trading office.
👉 Trade with our Sponsor Broker: Trade Nation www.financial-spread-betting.com/ccount/click.php?id=95 Trade sensibly! 81.7% of retail investors lose money.
👉 We are seeking more contributors who can produce great video educational content about trading for our channel. If you think you have what it takes please get in touch by sending a message to traderATfinancial-spread-betting.com (remove the AT and substitute by @).
👉 It seems a lot of our viewers are non-subscribers. Make sure to subscribe to our youtube channel as we upload regular videos! If you hit the “Bell” icon (🔔) you will receive a notification on youtube every time that we upload a video on our channel. Bell icon hitters are super fans of our channel 🥰
Thanks for this.
point 2: perfectly wrong. you don't know how many times my entry price acted as strongest support and resistance when i am in short and long respectively.
A couple of months ago I had a two week losing streak that was statistically impossible😂.
Rather than set an arbitrary loss limit on the session I prefer to set a 3 losing trades in a row limit. By then I know my take on the market is wrong and I need to step away and review . Being in the UK I can always come back in the afternoon to trade the US open. Or go cycling. I know before I place the first trade it could be a losing day..I expect them....it doesn't bother me anymore it's all part of the game. One snowy day doesn't make a winter . Waffle end.
I like your thinking Christopher! I might use this strategy as well! What markets do you trade usually?
@@Dobee1000 I only trade the indices and hardly ever hold anything overnight I need a good nights beauty sleep .
I agree. After studying and observing the market for 3yrs. And actively trading (indices especially) I’ve come to this conclusion too. I only take 3 trades per day on 1 particular market. And total of 15 trades per week. As I find it very helpful analysing the market by the end of each day. And can make my losses back the next trading day. If you have a decent tight risk you can make the losses back in a short period of time.