personally I had difficulties with the FTD because Bill didn't tell us specifics for position sizing/riskmgmt. Like for every follow through day, he didn't specifically tell us how many stocks we should be buying or how much of our capital should we be risking. This is why I love that guys like you are here to explain how you have personally used Bill's Concepts. I myself have been following Jim Roppel's rule of only risking 0.5% of my capital for every Follow thru day and I am comfortable with this amount of risk. U have to find how much risk makes sense ( that u can still make good enough money when ure right), and how much risk u are personally willing to take on a FTD! (if it doesnt work out!)
My perception of the FTD...it keeps you honest and true to your discipline. They don't all work...but the rules require you to put $$ to work at a time when it certainly does not feel like it. Must maintain a solid sell discipline, but overall following the rules of a FTD will increase your chances of success. Great video Matt!
This is very timely advise, seeing last friday, and todays nice uptrend! I really appreciate you sharing your decades of experience and know how with us less experienced traders. Thanks again!
I have realized that no signal is fool proof as the hit rate is always 40% ish. It is a combination of risk management and discipline that make the difference. Thanks for making this clip.
Great video and timely , thanks Matt for sharing , I need to go back and cross check those previous FTD,s with market breadth data and see if there is a way to find positive correlation for successful days only.
Great video, Matt. And I have a question about the FTD concept that has been bugging me for a while: somewhere on the IBD website I read about that a FTD signal could be negated if a Distribution day follows close to it , or that the low of the FTD day was taken out subsequently. This make sense to me but my question is, what then? Do we start the count from day 1 again? Or we just wait for another FTD day signal? That is, FTD day negated but the low of the 1st rally day holds. Appreciate if anyone can shed some light!
Hi Matt, Great video and thanks for your time. Can you please mention how many failed FTD we had when NASDAQ dropped ~78% from 2000 to 2002. Thanks again.
Thanks Matt for sharing your market wisdom and experience with us. You've helped me manage my emotions during this recent dreadful market. I'm patiently waiting for the next raging bull market instead of constantly trading when the risks are simply too great.
Most of the retail traders and investors enter at the peak of bull markets seeing the 200,300% returns. And that 2002 NDX fall of 78%, man that was brutal. The strategy of WON failing on the lower lows of a bear market and still sticking to it shows the mindset of exceptional trader.
Many traders think many things are a joke. I try to be objective about things. This video describes how I approach it, and it brings value to my process. I don't view it as an all-in indicator
@victortoombs4754 Gil is insulting IBD users all the time . He is full of hate against IBD. Gil is obviously jealous because he is a lousy trader but he thinks he is the best trader that ever existed. You can see his arrogance in all his posts. Truly pathetic.
personally I had difficulties with the FTD because Bill didn't tell us specifics for position sizing/riskmgmt. Like for every follow through day, he didn't specifically tell us how many stocks we should be buying or how much of our capital should we be risking. This is why I love that guys like you are here to explain how you have personally used Bill's Concepts. I myself have been following Jim Roppel's rule of only risking 0.5% of my capital for every Follow thru day and I am comfortable with this amount of risk. U have to find how much risk makes sense ( that u can still make good enough money when ure right), and how much risk u are personally willing to take on a FTD! (if it doesnt work out!)
You're completely right. He provided an incredible amount of info, but it still requires more tools...
My perception of the FTD...it keeps you honest and true to your discipline. They don't all work...but the rules require you to put $$ to work at a time when it certainly does not feel like it. Must maintain a solid sell discipline, but overall following the rules of a FTD will increase your chances of success. Great video Matt!
Absolutely right. You nailed it
This is very timely advise, seeing last friday, and todays nice uptrend! I really appreciate you sharing your decades of experience and know how with us less experienced traders. Thanks again!
My pleasure!
I have realized that no signal is fool proof as the hit rate is always 40% ish. It is a combination of risk management and discipline that make the difference. Thanks for making this clip.
Another great video thanks for taking the time to share it with us, Matt!
My pleasure!
Appreciate your effort , I've had some difficulties to fully finding FTD , many examples you give is veery useful for me to try again. Thank you.
Glad to hear that!
Great video and timely , thanks Matt for sharing , I need to go back and cross check those previous FTD,s with market breadth data and see if there is a way to find positive correlation for successful days only.
Excellent timing to demonstrate the options of the FTD. Thanks for your wisdom Matt.👍
My pleasure!
very very good indeed, thank's Matt! Even for a not native listener / speaker not a moment lost in translation.
Great to hear!
Great video, Matt. And I have a question about the FTD concept that has been bugging me for a while: somewhere on the IBD website I read about that a FTD signal could be negated if a Distribution day follows close to it , or that the low of the FTD day was taken out subsequently. This make sense to me but my question is, what then? Do we start the count from day 1 again? Or we just wait for another FTD day signal? That is, FTD day negated but the low of the 1st rally day holds.
Appreciate if anyone can shed some light!
I personally just look for another FTD if the actual low was never broken
Awesome video Matt. I agree with your perspective of the FTD and think it must be put into context just like any other tool.
Right on!
Great video Matt
Wow, a master trader and teacher!
Thanks! 😃
Thanks Matt! All of your videos are gold.
Thank you! Very kind of you...
Thanks Matt. I'm a new trader. I've yet to use the FTD as a tool but I got my eyes peeled for the next FTD. This video clarifies it even more. 🔥🔥🔥
It's a great tool, always pay attention to it
Hi Matt, Great video and thanks for your time. Can you please mention how many failed FTD we had when NASDAQ dropped ~78% from 2000 to 2002. Thanks again.
Let me take a look...
HI Matt, Thank you for another great video and all your expertise on how to think like a pro.
I appreciate that!
that's a great video, thank you very much!
Glad you liked it!
Love you videos Matt!! Can I ask, how do you get volume on your IXIC charts?
The data is there as a symbol and I had to create an indicator to display it. I'll see if I can get that published for you...
That would be incredible, thank you@@carusoinsights
Thanks Matt for sharing your market wisdom and experience with us. You've helped me manage my emotions during this recent dreadful market. I'm patiently waiting for the next raging bull market instead of constantly trading when the risks are simply too great.
I love to hear that. You are miles ahead of most!
Hi. Does it apply for bear market too? Like in a mirror?
No, bears are different....
Thanks!
Great video! Thanks!
Glad you liked it!
FTD off course , but Caruso breathe indicator at least that important for me personally!
Same here...
Most of the retail traders and investors enter at the peak of bull markets seeing the 200,300% returns. And that 2002 NDX fall of 78%, man that was brutal. The strategy of WON failing on the lower lows of a bear market and still sticking to it shows the mindset of exceptional trader.
Bill was a legend
Gil said follow through is useless
Lol Gil is A Joke.
@@rafaelZzz21 maybe not
Many traders think many things are a joke. I try to be objective about things. This video describes how I approach it, and it brings value to my process. I don't view it as an all-in indicator
@@rafaelZzz21Yes, he is.
@victortoombs4754 Gil is insulting IBD users all the time . He is full of hate against IBD. Gil is obviously jealous because he is a lousy trader but he thinks he is the best trader that ever existed. You can see his arrogance in all his posts. Truly pathetic.