You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
The crypto market has been unfavorable for months and i keep losing my money selling off during dips, i'm very scared of holding right now. how do you guys still make so much?
As a beginner investor, it's essential for you to have a mentor to keep you accountable . Myself I'm guided by Mrs Olivia Brown, a widely known crypto consultant
I am 18, and a profitable trader because of you and ICT, thank you Kimmel. Key Takeaways - 1. Trading is not that easy as social media shows, thats not what real trading is. 2. Technicals > Psychology, if you are trading less than 1 year and haven't found your edge, then technicals is what you should focus first, then technicals. 3. Each Trader is different, you can be a good swing trader, other can be great Intraday traders. 4. Don't hop from strategy to strategy, focus on 1 thing first. 5. Trade the way you like it. Its you and the Mindset, thats What you should focus on after technicals. 6. If you don't have a profitable strategy, proper psychology, don't go for prop firms. 7. Never quit job, university, the stories you see are only success stories. Social media deceives you. Fake Gurus will sell dreams, the reality is 95% of traders lose. Thank you.
😋🤭 Love your realness Kimmel... Major Takeaways.... 1. Technicals Technicals Technicals. They are important in the 1st years of trading 2. Each trader is different. Try different strategies "not hopping around but trying to see what fits you" 3. After you are profitable then work on You (Mindset, Psychology) 4. Have time in the markets. Give yourself time. 5. Social media deceives you... a) prop firms work for "profitable" traders. b) It's okay to not be ready c) What you see online is only the successful stories. So don't quit university, don't quit your job. ---- Change your mindset. It is good to dream big but be realistic about journey❤
My learnings from video is 1. Social deceive the truth 2. Technicals is the problem it's not psychology. 3. Understand what type of trader you are. 4. Focus on one thing first. 5. We have to work on mindset. 6. It's not psychology it is you. 7. Propfirms made everything better but made everything worse for new traders. 8. Never quit ur job/university for trading. 9. 95% traders loose money 10. If u want to become profitable we need to be realistic.
Takeaways from the video 1. Trading is not easy, but understanding technicals is key to becoming profitable. 2. It is important for traders to try different strategies to understand their trading style, but it is crucial to avoid constantly switching strategies after a few losses. 3. Mastering trading psychology takes time and is essential for becoming a profitable trader. 4. The video discusses the challenges and misconceptions surrounding prop trading and the impact of social media on traders. 5. Be careful with social media, as it only shows a small percentage of successful traders and the journey to profitability takes time.
Wow, i thought that it was only me believing that psychological part is overhyped and technicals being ignored. I havent seen a single trader speaking on this matter...... All they do is, brush aside their technical shortcomings under the psychological part. Psychology is way too subjective and hence easy to blame for failure. Loved your explanation. Respect bro. Wish u health and wealth. Thanks.
@blueberry3743 its not overhyped the hardest part trading is the mental gymnastics you have to overcome. sure a good plan will offset the mental load a bit but its still a struggle. I think that TA is the easiest part of trading
Been trading for 4 years now, in the beginning i was strategy hoping until I found the Godfather(ICT). SINCE then ive only focused on his material and my understanding of the market has improved drastically, the only thing thats holding me back and ive been procrastinating it for a long time until I came to a realization that it could be the only thing holding me back. Its because I do not write down(Journal) my executions or write down a trading plan, I always freestyle and just hope for the best. From now on I made a vow that I can not place trades if its not written down and followed by guidelines ive setup for the trade. Thats just one way to monitor myself and my trades. 2024 Will not be just another year but a year that I join the likes of Kimmel in the trading floor.🙏🏾
7:57 if anything its better to uni then masters and focus on trading in the side uni 3/4 years masters 1/2 years max 6 years, all funded (good debt) with student loan, if it doesnt work you have a solid education, if it does work you are profitable with a solid education win win
Lessons I gain from this 1. In the beginning, It's not your psychology, it's your technicals. 2. Learning so many strategy in your earlier year could help you in the long run 3. Profitability is not your skill after a certain point, it's you. 4. Give yourself time!! Don't beat yourself up. Learn and learn and give it time. 5. Ignore the noise on social media. Focus! And you should know the stage you're before thinking of prop firm 6. Don't compare your year 1 or 2 to your mentors. Your situation and circumstances are not the same. Have dreams and be realistic. Thanks for the usual.
Great video bro! here are a few takeaways that i picked up on 1. Focus on finding a profitable trading strategy with an edge. 2. Explore different trading styles (swing, scalper, day trading) and stick with the one that suits your personality. 3. Once you've found your edge, focus on managing your emotions and psychology. 4. Prop firms can be both helpful and challenging. Profitable traders can benefit, but beginners may lose money without a profitable edge. 5. Be cautious of the influence of social media on beginner traders. Unrealistic expectations can lead to skipping important steps like having a profitable strategy. 6. Dream big, but be realistic and focus on continuous learning from the market and make sure to take care of yourself in the process 🙏
You need a strategy and style that works for you and don’t believe everything you see on social media. Also, stop jumping from strategy to strategy and just stick to one
Take away from the Video: 1. its my technical that i have to improve first and then my psychology 2. Try diffrent things to find what is for you and what not. (one Thing First). 3. After finding your strategy it is not anymore your technical, its you. 4. Your psychology is on the way ( It takes Time).
⚠️My Takeaways: ⭕Psychology might not be the reason you're not profitable. It could be your technical trading skills so improve your strategy. ⭕Focus on 1 strategy and keep improving on it. This will take time. ⭕Once you have a strategy nailed down then work on your mindset/psychology. ⭕Only do prop firms once you've mastered BOTH your psychology and your strategy. ⭕Don't believe everything you see online. People only post their success. I liked the phrase "have dreams but be realistic". Very grounded video on managing expectations. Good video bro
Take away from this video is that you need to work on your own strategy. Whether it's scalping or swing. You will never get a 100% accurate strategy. But you need to master your psychology and technical. And the trading is all about risk to reward ratio. No matter how good you are in trading. You can't make anything. If you are bad in your risk management. Before placing a trade. You need to follow a set of rules. And take your stoploss happily. After being wrong one time. Don fight with market over and over again.
1. It is not your psychology, it's actually your technicals, when you start your trading in the first year you should focus on your edge 70% of the time and understanding your psychology 30% and as you progress you can then work more on your psychology. 2. Understand the type of trader you are by trying different strategies(not hopping from one strategy to another) and knowing the ones that works for you. 3. Do not allow social media to deceive you because sometimes when you are not yet profitable and you take advise from successful traders to quit your job or quit your university, you may not succeed with their advice. Thanks Kimmel for the valuable information, apart from wanting to win prop account giveaway, I really enjoy your videos✅🔥🔥
Takeaways from the video 1. Technicals are also a major part in profitability, you should have a good trading edge. 2. Each trader is different, to find out what system suits you. 3. Its important to stick to one strategy. 4. After you master your strategy , then psychology comes in. 5. For propfirm you should be profitable 1st , and its okay to not be ready. You learn from mistakes 6. Dont quit your job, university, have a safety net. 7. Social media deceives you, be realistic 8. Success takes time , being profitable take time, "Have dreams , but be realistic " sir amazing video ❤️🤭🤭
Bridging between profitability and greed. 1 It's not your psychology it is your technicals. 2 Strategy understand which trader are you? 3. Focus one thing razor focus will help you to understand what works 6. Mindset.
About the prop firms. 1 made everything great and also worse in some ways. 2. Prop firms made everything easier for experience trader and worse for beginners trader.
Social media section. Is very deceptive for new traders because they give wrong information and expectations. Be careful when it comes to so media. You must understand all traders lose at some point. Good luck
70% technicals and 30% psychology, Masterize a strategy and dont leave it. Social media can be good but it could have some very bad influences on you, trust the proces
Prop firm makes everything better for a profitable trader and makes it worse for unprofitable traders because they set unrealistic expectation to unprofitable traders. Social media is not a yardstick to measure ones success in trading.
Can relate! I am currently not a profitable trader even though I am a little knowledgeable about supply and demand, candlestick and chart patterns, how to identify support and resistance, and how to break a trend etc. I'm just not sure how to apply risk management. Like HOW exactly do people make so much money in trading? I've lost $92k already since i joined a trading channel.
You know you can follow an experienced trader and emulate their trading style right? Trading is not hard, it just demand a certain amount of dedication that regular investors don't have, which is why a financial advisor is frequently quite helpful.
I was able to stay afloat in the market and increase my portfolio to over 65% since January by copying trades made by a financial expert. Began with $77k just before the epidemic. I stuck with my FA and within five months of active sessions, I made over $287k in profit, while many others saw their portfolios collapse. Much safer
@josephbush Please how can I find traders to copy? Or do you mind sharing info on the manager who assisted you? I would love to grow my plummeting portfolio
I only copy trades made by HEATHER LEE LARIONI. She is employed with Empower FinanciaI. However, there are many of independent consultants you could research. Her approach seems to work for me, which accounts for my outcome. She offers points of entrance and exits for the assets I pay attention to.
She appears to be well-educated and seems proficient considering her résumé. I ran a Google search on her name and came across her contact website; thank you for sharing.
Prop firms are actually a good way for new traders to start. They can just buy a small account for like $50 and instantly get into experiencing trading with gains and losses. This is the way to fast track learning.
thank you for opining my eyes on 🤭 the biggest take away for me from this video which is In the beginning, It's not your psychology, it's your technicals.
Hard disagree with the assertion that newbie traders shouldn't consider prop firms. The amount of risk from those is smaller on scale than that available from exploiting a savings pool. People shouldn't blow their savings. They should take the smallest risk they can. A prop firm will offer a sizable reward that will impact psychology and force adaption with a very modest investment. It's psychologically easier to trade a prop firm's money than personal. They are a stepping stone on the road to trading a personal account IMO. I'm speaking from experience here. I wish I knew about prop firms when I started. Would have saved me thousands of dollars, bruh. Get the experience as cheaply as possible.
If you're still struggling to be profitable work on yourself and sieve what you take from social media everybody isn't the same First technicals, then psychology, psychology, psychology( after you've found your edge). Prop firms are designed to make already profitable traders more profitable and sell a fantasies to struggling traders. And profitable traders won't tell you they were once unprofitable. And finally. It's yourself over yourself
If you are not profitable yet do not go for the unrealistic dream of being funded trader with prop firm. Work on your technicals then your psychology and reach profitability and that’s you set yourself for success.
I am starting my second year of trading, still unprofitable. It is very helpful to hear your transparency about how it truly takes time and not what social media portrays trading as. Very motivational and inspiring! Thank you!!
@garybriddell4290 you wont make any money if you listen to kimmel and ict, they are here to profit off of you. Just learn the basics and only use price action no indicators
1. During your first year focus on your technicals 2. Don't be fooled by the Social media Influencers 3. Have dreams but be realistic 😋 I wish someone told me 2y ago that not everything you see on social media is real, lost so much in scams and rich quick schemes.The people who are new to the industry are really lucky to watch contents guys like you make and shows the realistic expectations someone should have as a beginner. You are doing a great job man.♥️
😋🤭 technicals is the best part about strategy development. Because once you’re confident with that, it’s just a matter of time till you become confident in your skill which ultimately leads to strong psychological gains. I had a problem of executing and I’d watch my analysis play out and reach price that I anticipated. But all that’s sorted now. 🎉🎉🎉
Start by gaining knowledge and building a trading system tailored to your style. Trade it on small accounts to refine your psychology. I've followed this approach and am now seeing profitability.
Takeaway from the video : 1. Stick to practical technicals 2. Preferably 70% technicals and 30% psychology 3. One perfect strategy to be learned and adapted 4. The mindset psychology is to be looked upon once we get profitable in trades 5. Social media gets us influenced on our trading psychology, so better to avoid . Social media deceives us. 6. Start with self funded trading before approaching prop firm account trading 7. We need atleast 2 years min training in the forex trading 8. We need to keep our education and job parallely while trading. We need to take care of ourself to become successful Thanks for this valuable information 👍 Prashant Yadav 😊
It's technicals first.. then psychology Are the takeaways from this video... ... Then seek funding once profitability is achieved.. trading is step by step
Focus on proper psychology and a profitable strategy instead of prop firm challenges. For new traders, prop firms can make everything worseexpectations....this is very true
😋"Having a solid trading plan can prevent impulsive actions and ensure consistency." "Traders should focus on understanding market indicators and economic events." "Continuous learning and adapting to market changes are essential for success." "Avoid to greed Lambo and tesla"
So problems don't reside where men think it resides. You're actually the problem, networks make us impatient and see trading as a way to get rich in one go. Strategy is the smallest part of the whole process, much less psychology. Surely you are wondering what is the difference between psychology and you? It easy, when we tell you you are the problem, we are talking about your mindset. This mindset that the internet and networks have forced you to adopt. Because it shows you the success but not the failures, and the depression and pressure behind it all! So learn to adopt a good mindset, that’s what I learned personally and it’s real!
Takeaway from the Video : 🤭 Technicals play a major role in your trading journey 😋 🤭 Find a Profitable Trading Edge 😋 🤭 Stick to one Strategy 😋 🤭 Always have a Realistic Approach 😋 🤭 Have Patience and believe in yourself 😋
"After you are profitable, it's not the strategy, it's you" and "have dreams but be realistic" were the best reminder. The rest of the things you talk about I learned from my own experience. Currently I have a profitable edge, I' sitting more than 3 months on 5k funded challange and I recently decided that I'm really ready to scale. If you want you can help me by giving me the challange (please not bigger than 50k, probably will be too big to switch from 5k to for example to 100k for my psychology) and use the full potential of challange by giving it to a profitable person. Anyway If you don't choose me it's okay, I will buy a challenge by myself. Thanks a lot for your videos, helped me a lot some time ago. Do not stop doing it, you will help many people as well :)
Focus on technicals, try different approaches, and stick to one strategy. Now: Focus, understand your psychology, trust the process. Ask: If lacking in psychology and strategy, why join a prop firm? Remember, it's okay not to be ready; don't rush, social media can deceive.
It really comes down to your skillset (technicals ) it’s very simple u need to understand how the market moves . I completely agree with Kimmel here sometimes it’s not your psychology but how good is your skill? That’s what took me to the next level . Not enough people speak on this 🙏🏽
Be humble, stick to the process, be willing to learn and grow, journalling ,embrace your losses, me, lastly go onto the charts and practice, practice makes perfect
just watch professional sports athletes, chess players, or any competitive, for-profit pros. There are always the guys with terrible psychology who do poorly and can't win a championship but there are also the guys with terrible psychology who win a lot. maybe you can argue it just looks like bad psychology but I would argue their skill or performance is all that really matters up to a point
Once you found your edge with your strategy its time you focus on your pychology with the opportunity u start to see once mastering your craft whiçh can be damning and pull u back
Takeaway.....Just because you see this many people succeed in social media you don't understand how many failed and struggling in the trading journey and also in trading payout means not success consistent results throughout the years is most importan😋
Being a Student with no income, it's a bit challenging. After a lot of backtesting and forwardtesting, I have got confidence. If I win this giveaway, it will definitely boosts my journey . Hoping I'll win this giveaway 🤭
Absolutely true. Trading Psychology is overrated in the formula to profitability. What i believe is the biggest lie in the industry that is causing havoc to all new traders joining the space, is the unrealistic expectation sold out over and over again. Who will accept and be okay having a BE month yet their social media guru, flipped $300 - $30,000 inside that same month? talk to me somebody
Don't focus on money first it will ruin your mind by building unrealistic expectations. Instead try to learn strategies (1 or 2) fully commit yourself to it. highly recommend you not to go social media for atleast one year because influencers will influence your mind(you don't even know that they do, some people only do this with real intention ) and send you to their matrix from your regular mmatrix🤭as he said in this video, for me in TH-cam no one is speak truth like him,). Focus on you (it's hard). Because if you want to be like them you need to do like them (struggles and sacrifices). Just be aware of yourself while backtesting and learning it will never hang you. Don't focus on money and social media. Go and build your mind because if you have land,house,money whatever someone will able to take it from you but no one can take your education or learning from you(true). So build your mind don't let them take it. Then you will on 😋.
😋 Thanks for the teaching. My takeaway from the video is that trading isn't just about psychology but also technicals. New traders have to get a trading edge that's profitable. They should also try different strategies before choosing one that suits their personalities. However in trying different strategies, it is important to not fall into the negative spiral of hopping from one strategy to another simply because they feel previous strategies didn't work. Patience is key and every trader should give themselves time to master the market and strategy. Every trader should dream big but be realistic at the same time and not believe everything on social media which can be deceitful by showing only success stories and not the failures. In conclusion take care of yourself first then success will follow.
"Social media is influencing peoples who don't have proper knowledge about trading they are known as victim. Trading is all about Psychology, patience, strategies and Trust on yourself " Because I'm too the victim when I come to know about Trading. Thanks for telling this brother.💯🥇🏆
Suppose I've been profitable on demo for 4months, I've turned a couple of unprofitable traders into profitable ones, should I quit uni to go all in with propfirms?? I've been trading for 2 years btw
I give small sl my target 1:4 I close laptop if daliy risk hit If i got profit of 1:4 r 1:3 then i don't take nxt trade I am unable to control my emotions just iam following my rules... That made my month green pnl Just follow rules.... Strictly
To keep it simple.. After 4 years i am profitable when the markets moving.. But when the market is consolidating and not moving i need to master not trading this 😳🙄🙄😋🤭
First , one must look out for a profitable and consistent trading setup , then focus on having a realistic and balanced mindset . And also stay away from social media but don't ignore genuine influencers like Kimmel or mentors like ICT out there . AND MAKE NO MISTAKE TRADING IS JUST LIKE ANY OTHER PROFESSION OR CAREER, U CAN'T RUSH IT EVERYTHING TAKES TIME OR U WILL JUST MESS IT UP. GOODLUCK EVERYONE
Shit..... It true man I am learning trading for 6months i always thought it's a psychology now I think about it I have too many strategy . I have to focus on one which is my way. thanks man this is my biggest takeaway 🎉🎉🎉🎉🎉
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You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
Not because of ignorance, It's because of the high rate of unprofessionalism in the crypto market.
The crypto market has been unfavorable for months and i keep losing my money selling off during dips, i'm very scared of holding right now. how do you guys still make so much?
As a beginner investor, it's essential for you to have a mentor to keep you accountable . Myself I'm guided by Mrs Olivia Brown, a widely known crypto consultant
That's right, you need an experienced trader to make good profits trading cryptocurrencies
I will recommend my current trader
Mrs Olivia Brown, she is from USA and her strategies are earning a lot of profit for me
I am 18, and a profitable trader because of you and ICT, thank you Kimmel.
Key Takeaways -
1. Trading is not that easy as social media shows, thats not what real trading is.
2. Technicals > Psychology, if you are trading less than 1 year and haven't found your edge, then technicals is what you should focus first, then technicals.
3. Each Trader is different, you can be a good swing trader, other can be great Intraday traders.
4. Don't hop from strategy to strategy, focus on 1 thing first.
5. Trade the way you like it. Its you and the Mindset, thats What you should focus on after technicals.
6. If you don't have a profitable strategy, proper psychology, don't go for prop firms.
7. Never quit job, university, the stories you see are only success stories. Social media deceives you. Fake Gurus will sell dreams, the reality is 95% of traders lose.
Thank you.
😋
I am 19 now I start with my 17y old, trading with 18y old, until now I'm unprofitable 😢😢
😋🤭
Love your realness Kimmel...
Major Takeaways....
1. Technicals Technicals Technicals. They are important in the 1st years of trading
2. Each trader is different. Try different strategies "not hopping around but trying to see what fits you"
3. After you are profitable then work on You (Mindset, Psychology)
4. Have time in the markets. Give yourself time.
5. Social media deceives you...
a) prop firms work for "profitable" traders.
b) It's okay to not be ready
c) What you see online is only the successful stories. So don't quit university, don't quit your job.
----
Change your mindset. It is good to dream big but be realistic about journey❤
My learnings from video is
1. Social deceive the truth
2. Technicals is the problem it's not psychology.
3. Understand what type of trader you are.
4. Focus on one thing first.
5. We have to work on mindset.
6. It's not psychology it is you.
7. Propfirms made everything better but made everything worse for new traders.
8. Never quit ur job/university for trading.
9. 95% traders loose money
10. If u want to become profitable we need to be realistic.
Takeaways from the video
1. Trading is not easy, but understanding technicals is key to becoming profitable.
2. It is important for traders to try different strategies to understand their trading style, but it is crucial to avoid constantly switching strategies after a few losses.
3. Mastering trading psychology takes time and is essential for becoming a profitable trader.
4. The video discusses the challenges and misconceptions surrounding prop trading and the impact of social media on traders.
5. Be careful with social media, as it only shows a small percentage of successful traders and the journey to profitability takes time.
Wow, i thought that it was only me believing that psychological part is overhyped and technicals being ignored. I havent seen a single trader speaking on this matter...... All they do is, brush aside their technical shortcomings under the psychological part. Psychology is way too subjective and hence easy to blame for failure.
Loved your explanation. Respect bro. Wish u health and wealth. Thanks.
@blueberry3743 its not overhyped the hardest part trading is the mental gymnastics you have to overcome. sure a good plan will offset the mental load a bit but its still a struggle. I think that TA is the easiest part of trading
Been trading for 4 years now, in the beginning i was strategy hoping until I found the Godfather(ICT). SINCE then ive only focused on his material and my understanding of the market has improved drastically, the only thing thats holding me back and ive been procrastinating it for a long time until I came to a realization that it could be the only thing holding me back. Its because I do not write down(Journal) my executions or write down a trading plan, I always freestyle and just hope for the best. From now on I made a vow that I can not place trades if its not written down and followed by guidelines ive setup for the trade. Thats just one way to monitor myself and my trades. 2024 Will not be just another year but a year that I join the likes of Kimmel in the trading floor.🙏🏾
I feel like I wrote this post because this is were I'm at mentally. I just need to stick to learning more of the ICT material.
7:57 if anything its better to uni then masters and focus on trading in the side uni 3/4 years masters 1/2 years max 6 years, all funded (good debt) with student loan, if it doesnt work you have a solid education, if it does work you are profitable with a solid education win win
Lessons I gain from this
1. In the beginning, It's not your psychology, it's your technicals.
2. Learning so many strategy in your earlier year could help you in the long run
3. Profitability is not your skill after a certain point, it's you.
4. Give yourself time!! Don't beat yourself up. Learn and learn and give it time.
5. Ignore the noise on social media. Focus! And you should know the stage you're before thinking of prop firm
6. Don't compare your year 1 or 2 to your mentors. Your situation and circumstances are not the same.
Have dreams and be realistic. Thanks for the usual.
😋
Every trader no matter how successful he is now went through very rough stage of life so give it some time and try to improve, you will get there too.
Kimmel's trading wisdom: Year one - 70% edge, 30% psychology. Find your strategy. Beware of social media advice. Thanks, Kimmel!
❤😊
this is the best trading advice ever! especially the one that don't quit uni as it will also kill your psychology untill you are profitable
Great video bro! here are a few takeaways that i picked up on
1. Focus on finding a profitable trading strategy with an edge.
2. Explore different trading styles (swing, scalper, day trading) and stick with the one that suits your personality.
3. Once you've found your edge, focus on managing your emotions and psychology.
4. Prop firms can be both helpful and challenging. Profitable traders can benefit, but beginners may lose money without a profitable edge.
5. Be cautious of the influence of social media on beginner traders. Unrealistic expectations can lead to skipping important steps like having a profitable strategy.
6. Dream big, but be realistic and focus on continuous learning from the market and make sure to take care of yourself in the process 🙏
You need a strategy and style that works for you and don’t believe everything you see on social media. Also, stop jumping from strategy to strategy and just stick to one
Risk management and following your rules will take you far from this market
Take away from the Video: 1. its my technical that i have to improve first and then my psychology 2. Try diffrent things to find what is for you and what not. (one Thing First). 3. After finding your strategy it is not anymore your technical, its you. 4. Your psychology is on the way ( It takes Time).
⚠️My Takeaways:
⭕Psychology might not be the reason you're not profitable. It could be your technical trading skills so improve your strategy.
⭕Focus on 1 strategy and keep improving on it. This will take time.
⭕Once you have a strategy nailed down then work on your mindset/psychology.
⭕Only do prop firms once you've mastered BOTH your psychology and your strategy.
⭕Don't believe everything you see online. People only post their success.
I liked the phrase "have dreams but be realistic". Very grounded video on managing expectations. Good video bro
Take away from this video is that you need to work on your own strategy. Whether it's scalping or swing. You will never get a 100% accurate strategy. But you need to master your psychology and technical. And the trading is all about risk to reward ratio. No matter how good you are in trading. You can't make anything. If you are bad in your risk management. Before placing a trade. You need to follow a set of rules. And take your stoploss happily. After being wrong one time. Don fight with market over and over again.
1. It is not your psychology, it's actually your technicals, when you start your trading in the first year you should focus on your edge 70% of the time and understanding your psychology 30% and as you progress you can then work more on your psychology.
2. Understand the type of trader you are by trying different strategies(not hopping from one strategy to another) and knowing the ones that works for you.
3. Do not allow social media to deceive you because sometimes when you are not yet profitable and you take advise from successful traders to quit your job or quit your university, you may not succeed with their advice.
Thanks Kimmel for the valuable information, apart from wanting to win prop account giveaway, I really enjoy your videos✅🔥🔥
i think money fascination is another prob in this trading industry, it takes a lot of time to get over it
I'm favoured, $60k every week! I can now give back to the locals in my community and also support God's work and the church. God bless America..
That's awesome
Which source/platform did you use to earn such huge sum of money?
As I know it's possible, I'd appreciate it if you showed me how to do it.
It was with the help of Cassandra Roberts i am who i am today
I know I'm blessed if not I wouldn't have met someone who is as spectacular as Mrs Cassandra Roberts
" Social media deceives you. The stories that you see online are the success stories"😋
Takeaways from the video
1. Technicals are also a major part in profitability, you should have a good trading edge.
2. Each trader is different, to find out what system suits you.
3. Its important to stick to one strategy.
4. After you master your strategy , then psychology comes in.
5. For propfirm you should be profitable 1st , and its okay to not be ready. You learn from mistakes
6. Dont quit your job, university, have a safety net.
7. Social media deceives you, be realistic
8. Success takes time , being profitable take time,
"Have dreams , but be realistic "
sir amazing video ❤️🤭🤭
Bridging between profitability and greed. 1 It's not your psychology it is your technicals. 2 Strategy understand which trader are you? 3. Focus one thing razor focus will help you to understand what works 6. Mindset.
About the prop firms. 1 made everything great and also worse in some ways. 2. Prop firms made everything easier for experience trader and worse for beginners trader.
Social media section. Is very deceptive for new traders because they give wrong information and expectations. Be careful when it comes to so media. You must understand all traders lose at some point. Good luck
😋😋😋
" You can't talk about your psychology if you do not have an edge"😋
70% technicals and 30% psychology,
Masterize a strategy and dont leave it.
Social media can be good but it could have some very bad influences on you, trust the proces
It's time to be honest with myself. I need more time to work on technicals and realistic results. I need to stop chasing prop firm success.
Prop firm makes everything better for a profitable trader and makes it worse for unprofitable traders because they set unrealistic expectation to unprofitable traders.
Social media is not a yardstick to measure ones success in trading.
Trying to fix your psychology when you don’t even have a profitable strategy is like trying to decorate a cake when you don’t even have a recipe😋
Can relate! I am currently not a profitable trader even though I am a little knowledgeable about supply and demand, candlestick and chart patterns, how to identify support and resistance, and how to break a trend etc. I'm just not sure how to apply risk management. Like HOW exactly do people make so much money in trading? I've lost $92k already since i joined a trading channel.
You know you can follow an experienced trader and emulate their trading style right? Trading is not hard, it just demand a certain amount of dedication that regular investors don't have, which is why a financial advisor is frequently quite helpful.
I was able to stay afloat in the market and increase my portfolio to over 65% since January by copying trades made by a financial expert. Began with $77k just before the epidemic. I stuck with my FA and within five months of active sessions, I made over $287k in profit, while many others saw their portfolios collapse. Much safer
@josephbush Please how can I find traders to copy? Or do you mind sharing info on the manager who assisted you? I would love to grow my plummeting portfolio
I only copy trades made by HEATHER LEE LARIONI. She is employed with Empower FinanciaI. However, there are many of independent consultants you could research. Her approach seems to work for me, which accounts for my outcome. She offers points of entrance and exits for the assets I pay attention to.
She appears to be well-educated and seems proficient considering her résumé. I ran a Google search on her name and came across her contact website; thank you for sharing.
Most of the time it's not your Psychology it's you, That really hit.
Prop firms are actually a good way for new traders to start. They can just buy a small account for like $50 and instantly get into experiencing trading with gains and losses. This is the way to fast track learning.
Most prop firms like futures are pretty cheap whereas forex it’s expensive and the monthly subscription it’s 5x of what futures is offering 😅
smaller timeframe is very difficult don't trade lower timeframe guys.
thank you for opining my eyes on 🤭
the biggest take away for me from this video which is
In the beginning, It's not your psychology, it's your technicals.
Hard disagree with the assertion that newbie traders shouldn't consider prop firms. The amount of risk from those is smaller on scale than that available from exploiting a savings pool. People shouldn't blow their savings. They should take the smallest risk they can. A prop firm will offer a sizable reward that will impact psychology and force adaption with a very modest investment. It's psychologically easier to trade a prop firm's money than personal. They are a stepping stone on the road to trading a personal account IMO. I'm speaking from experience here. I wish I knew about prop firms when I started. Would have saved me thousands of dollars, bruh. Get the experience as cheaply as possible.
If you're still struggling to be profitable work on yourself and sieve what you take from social media everybody isn't the same
First technicals, then psychology, psychology, psychology( after you've found your edge).
Prop firms are designed to make already profitable traders more profitable and sell a fantasies to struggling traders.
And profitable traders won't tell you they were once unprofitable.
And finally. It's yourself over yourself
" Prop firms made everything better for profitable traders and made everything worse for new traders"😋
"Trading is not a get rich quick scheme. When you come into the space come with realistic goals and expectations."😋
If you are not profitable yet do not go for the unrealistic dream of being funded trader with prop firm. Work on your technicals then your psychology and reach profitability and that’s you set yourself for success.
Don't rush, wait patiently it will happen if you put your 💯❤
I am starting my second year of trading, still unprofitable. It is very helpful to hear your transparency about how it truly takes time and not what social media portrays trading as. Very motivational and inspiring! Thank you!!
@garybriddell4290 you wont make any money if you listen to kimmel and ict, they are here to profit off of you. Just learn the basics and only use price action no indicators
1. During your first year focus on your technicals
2. Don't be fooled by the Social media Influencers
3. Have dreams but be realistic 😋
I wish someone told me 2y ago that not everything you see on social media is real, lost so much in scams and rich quick schemes.The people who are new to the industry are really lucky to watch contents guys like you make and shows the realistic expectations someone should have as a beginner. You are doing a great job man.♥️
This field became full of frauds, this guy a breath of fresh air. thank you bro
😋🤭 technicals is the best part about strategy development. Because once you’re confident with that, it’s just a matter of time till you become confident in your skill which ultimately leads to strong psychological gains. I had a problem of executing and I’d watch my analysis play out and reach price that I anticipated. But all that’s sorted now. 🎉🎉🎉
That's why I think trading is not 90% psychology
FIRST TECHNICAL ANALYSIS THEN PSHYCHOLOGY ISSUES LIKE THINKING IN PROBABILITIES AND FEAR GREED CONTROLLED TRADES ETC .FOCUS ON ONE THING
This is an honest and truthful message
work on technicals and backtest one model and see if it is profitable and fits you..
Start by gaining knowledge and building a trading system tailored to your style. Trade it on small accounts to refine your psychology. I've followed this approach and am now seeing profitability.
Takeaway from the video : 1. Stick to practical technicals 2. Preferably 70% technicals and 30% psychology 3. One perfect strategy to be learned and adapted
4. The mindset psychology is to be looked upon once we get profitable in trades 5. Social media gets us influenced on our trading psychology, so better to avoid . Social media deceives us. 6. Start with self funded trading before approaching prop firm account trading 7. We need atleast 2 years min training in the forex trading 8. We need to keep our education and job parallely while trading. We need to take care of ourself to become successful
Thanks for this valuable information 👍
Prashant Yadav 😊
Awesome answer bhai 👏
This is probably the realest trading video i’ve watched
It's technicals first.. then psychology
Are the takeaways from this video... ... Then seek funding once profitability is achieved.. trading is step by step
ICT is a joke. trading is not that easy.
Focus on proper psychology and a profitable strategy instead of prop firm challenges. For new traders, prop firms can make everything worseexpectations....this is very true
😋"Having a solid trading plan can prevent impulsive actions and ensure consistency."
"Traders should focus on understanding market indicators and economic events."
"Continuous learning and adapting to market changes are essential for success."
"Avoid to greed Lambo and tesla"
Why always you talk about facts 🙏🏻💙unstoppable kimmel
my risk reward is negative and i'm profitable because i know when to trade or not trade.
" Focus on one thing first on your first year of trading and trade the way you want"😋
Your strategy matters, don't trust everything on social media. Stick to one strategy, avoid constant jumps.
Exactly. It's not psychology.
Bro said you think you're leaving the matrix but only entering a new one😂😂😂😂
In this video i learned about how you made $0 for 3 years and what made you profitable
" It's okay not to be ready"😋
So problems don't reside where men think it resides. You're actually the problem, networks make us impatient and see trading as a way to get rich in one go. Strategy is the smallest part of the whole process, much less psychology. Surely you are wondering what is the difference between psychology and you? It easy, when we tell you you are the problem, we are talking about your mindset. This mindset that the internet and networks have forced you to adopt. Because it shows you the success but not the failures, and the depression and pressure behind it all! So learn to adopt a good mindset, that’s what I learned personally and it’s real!
Takeaway from the Video :
🤭 Technicals play a major role in your trading journey 😋
🤭 Find a Profitable Trading Edge 😋
🤭 Stick to one Strategy 😋
🤭 Always have a Realistic Approach 😋
🤭 Have Patience and believe in yourself 😋
"After you are profitable, it's not the strategy, it's you" and "have dreams but be realistic" were the best reminder. The rest of the things you talk about I learned from my own experience. Currently I have a profitable edge, I' sitting more than 3 months on 5k funded challange and I recently decided that I'm really ready to scale. If you want you can help me by giving me the challange (please not bigger than 50k, probably will be too big to switch from 5k to for example to 100k for my psychology) and use the full potential of challange by giving it to a profitable person. Anyway If you don't choose me it's okay, I will buy a challenge by myself. Thanks a lot for your videos, helped me a lot some time ago. Do not stop doing it, you will help many people as well :)
Common, Kimmel, tell us the truth. What made you profitable was all the subscribers and affiliations. Not any technicals. Certainly not ICT
Give Kimmel his flowers 🥀
He talks INDUSTRY and that's rare these days.
Nice video Man 😋
I not profitable yet but still buy a challenge to test my strategy and my patients...hope i can pass my prop firm challenge soon.
Focus on technicals, try different approaches, and stick to one strategy. Now: Focus, understand your psychology, trust the process. Ask: If lacking in psychology and strategy, why join a prop firm? Remember, it's okay not to be ready; don't rush, social media can deceive.
It really comes down to your skillset (technicals ) it’s very simple u need to understand how the market moves . I completely agree with Kimmel here sometimes it’s not your psychology but how good is your skill? That’s what took me to the next level . Not enough people speak on this 🙏🏽
Be humble, stick to the process, be willing to learn and grow, journalling ,embrace your losses, me, lastly go onto the charts and practice, practice makes perfect
just watch professional sports athletes, chess players, or any competitive, for-profit pros. There are always the guys with terrible psychology who do poorly and can't win a championship but there are also the guys with terrible psychology who win a lot. maybe you can argue it just looks like bad psychology but I would argue their skill or performance is all that really matters up to a point
Great video time to copy it word to word and post it on mine. Thanks Kimmel!
Once you found your edge with your strategy its time you focus on your pychology with the opportunity u start to see once mastering your craft whiçh can be damning and pull u back
This is the most honest video I've seen on the Internet. Thank you Kimmel
IT IS NOT TECHNICALS
IT IS PHYSCOLOGY
STICK ON YOUR STRATEGY
BE REALISTIC
KEY TAKE
😋
appreciate your honesty and being realistic and at the same time motivating
I've been in for a year, I'm looking to have reached somewhere substantial by this time next year. Am I aiming too big??
Takeaway.....Just because you see this many people succeed in social media you don't understand how many failed and struggling in the trading journey and also in trading payout means not success consistent results throughout the years is most importan😋
wooow , mind blowing video . Thank you , truth hurts but its sweat and sour at the same time. Thank you Kimmel.
Being a Student with no income, it's a bit challenging. After a lot of backtesting and forwardtesting, I have got confidence. If I win this giveaway, it will definitely boosts my journey . Hoping I'll win this giveaway 🤭
Absolutely true. Trading Psychology is overrated in the formula to profitability. What i believe is the biggest lie in the industry that is causing havoc to all new traders joining the space, is the unrealistic expectation sold out over and over again. Who will accept and be okay having a BE month yet their social media guru, flipped $300 - $30,000 inside that same month? talk to me somebody
Don't focus on money first it will ruin your mind by building unrealistic expectations. Instead try to learn strategies (1 or 2) fully commit yourself to it. highly recommend you not to go social media for atleast one year because influencers will influence your mind(you don't even know that they do, some people only do this with real intention ) and send you to their matrix from your regular mmatrix🤭as he said in this video, for me in TH-cam no one is speak truth like him,). Focus on you (it's hard). Because if you want to be like them you need to do like them (struggles and sacrifices). Just be aware of yourself while backtesting and learning it will never hang you. Don't focus on money and social media. Go and build your mind because if you have land,house,money whatever someone will able to take it from you but no one can take your education or learning from you(true). So build your mind don't let them take it. Then you will on 😋.
😋 Thanks for the teaching. My takeaway from the video is that trading isn't just about psychology but also technicals. New traders have to get a trading edge that's profitable. They should also try different strategies before choosing one that suits their personalities. However in trying different strategies, it is important to not fall into the negative spiral of hopping from one strategy to another simply because they feel previous strategies didn't work. Patience is key and every trader should give themselves time to master the market and strategy. Every trader should dream big but be realistic at the same time and not believe everything on social media which can be deceitful by showing only success stories and not the failures.
In conclusion take care of yourself first then success will follow.
Love the transparency bro that is indeed what's special
"Social media is influencing peoples who don't have proper knowledge about trading they are known as victim. Trading is all about Psychology, patience, strategies and Trust on yourself "
Because I'm too the victim when I come to know about Trading.
Thanks for telling this brother.💯🥇🏆
Kimmel, tu tens os melhores conselhos e respeito demais o que tu falas nos teus videos, obrigado por esse video❤
It's not pscyhology it's you .. with out strategy without time in market you will not be profitable
Suppose I've been profitable on demo for 4months, I've turned a couple of unprofitable traders into profitable ones, should I quit uni to go all in with propfirms?? I've been trading for 2 years btw
No. There' s no point in quitting uni when you don't have at least 6 months of living expenses banked.
I give small sl my target 1:4
I close laptop if daliy risk hit
If i got profit of 1:4 r 1:3 then i don't take nxt trade
I am unable to control my emotions just iam following my rules... That made my month green pnl
Just follow rules.... Strictly
To keep it simple.. After 4 years i am profitable when the markets moving.. But when the market is consolidating and not moving i need to master not trading this 😳🙄🙄😋🤭
social media will ruin your view on trading and make you want to rush a process that needs to be taken slowly over time
Inside last 3 years I have lost 70000$ but I’ll continue learning but won’t go in with real money
@InformativeHuman1842 i was a big risktaker also and didn’t use a proper money management strategy, but it is what it is.
I am also ending 3 years and you are absolutely right.
First , one must look out for a profitable and consistent trading setup , then focus on having a realistic and balanced mindset . And also stay away from social media but don't ignore genuine influencers like Kimmel or mentors like ICT out there .
AND MAKE NO MISTAKE TRADING IS JUST LIKE ANY OTHER PROFESSION OR CAREER, U CAN'T RUSH IT EVERYTHING TAKES TIME OR U WILL JUST MESS IT UP.
GOODLUCK EVERYONE
Nice
Shit..... It true man I am learning trading for 6months
i always thought it's a psychology now I think about it I have too many strategy .
I have to focus on one which is my way.
thanks man this is my biggest takeaway 🎉🎉🎉🎉🎉
Don’t trade forex trade futures
Biggest takeaway, you don't consider yourself successful in trading? Why not???