I've only just found this channel, it's more realistic and to the point, than most others I've come across...very informative and a mindset I can gel with easily. I had a large loss on Friday by abandoning my get-out quick strategy after a significant drop in the AUDUSD at the end of last week and tried to catch it by pumping more dollars into it and incrementally buying lower and lower to offset the falling higher trades (for the last 8 trading days prior to 23rd Sept) waiting for a pop up so I could close everything at a smaller loss, it didn't happen (it did happen once but I mistook it for a turn around as the major fall was over and waited too long and it dove further). Then Thursday and Friday happened 22nd and 23rd Sept 2022 happened and I got wiped out by almost a third of my account. I don't normally trade forex other than that one pair because I can't quantify knowledge of more than one pair against the USD as well as the other stocks I have open which are mostly in the NASDAQ (sadly) at the same time, however, I did stick to my jump out at the first sign of a retreat from my gains on the stocks but if I'd known about the 20week MA and the MACD strategy beforehand I probably would have abandoned my 20, 50, 100, 200 SMA golden cross and 14 days RSI (25buy, 75sell) strategy. Maybe it's just the emotions of the loss getting the better of me but I'd like to find someone who isn't rubbishing on about being a guru and who truly does have valuable advice to impart. That is my analytical brain attempting to avoid accepting losses as a part of life, but I did abandon my risk parameters and paid dearly this month, If I'd accepted it wasn't recoverable from the first major fall (which is what I usually would have done, then waited for a sign of reversal) of almost 1.25 cents I would have been fine. No one will read this waffle probably but now it's off my shoulder hahaha. Thank you, for the insight, you have one more subscriber!
This is exactly what every new trader needs to understand. After a few good trades they start thinking about a Lambo and take excessive risks until everything converges to the actual negative outcome. Thank you for the excellent vids.
This is the first video of yours I am watching and I can surely say you are one of the best financial channels I have come across. Keep doing the good work so that beginners like me can learn a lot. The thing I love about you is the effort you put and the way you explain things straight to the point. You are a great teacher.
This video should be linked under every REEL and post of any Guru to shorten the learning curve for those who realy want to get a foot into the trading business. I myself got aware of trading thru social media, there is nothing wrong with that, but the expectation you get from there are the problem, many think its easy or quick made money. Till tey dive deeper. So was I. I scrolled thru endless videos till I finally came to the desicion on reading books, from there on i was able to filter the clickbait from the real valueable content, LIKE THIS CHANNEL. But it took me nearly 2 Years. Just till i was able to start learning.
I love these videos and I have gotten so much better because of them. Always remember the market is Always right! You are not The market doesn’t care about you. The only thing you can control is yourself!!! Follow your rules. Remember there will be loses but you Job is to Protect your capital!!
Greatest video on trading soFar! I just found this guy but am already inlove with his work. Anytime i receive a like on this comment I will be reminded to rewatch this video, thanks great minds.
This channel is quickly becoming one of my favorites. It will also likely result in one of the following two outcomes: becoming a Millionaire, or losing my house.
i hope you produce many new educational videos for new traders like me to see the reality in trading and learned a lot and to not be victimized by fomo in trading of the new guru by showing their expensive cars and money and the rich quick mentally which they infuse into the mentality of the many new traders today and that's why many of the new traders lose money today and go into trading without learning first the importance of risk management, i knew trading since 2017 and i search a lot of video for me to learned a lot about trading but your video are one of the best i hope you produce more video😊 more power God🙏Bless i really learned a lot in your trading videos, your voice and audio in the video are very good and your trading videos are very educational and one of the best. Thank You!
Hi Your Guardian. Thanks for your feedback its very much appreciated... I'm pleased people are finding value in the videos.🙏 Thanks for finding the time to comment. Gareth
My system/strategy does fine before factoring in commissions and spreads, but once they are introduced.... It really feels like the brokerages have created a downloadable slot machine where they have a narrow edge against us retail traders
informative video, and I would like to ask, in general how much return per month (in % of his capital) should an average or a slightly above average full time trader should expect?
Hi Ravi, The TH-cam subscription is ending and everyone is switching to the new website. www.financialwisdomtv.com Apologies for confusion, it is left open for a short period for the remaining individuals to switch over. Thanks Gareth
Good day, Is it possible to develop an edge in the markets scalping a single market like the Nasdaq index instead of developing a portfolio of various stocks? I'm a new trader and I've only ever scalped the Nasdaq index, is it worth it trying to develop an edge or is it unrealistic? And lastly, can you recommend any books that focuses on lower timeframes/scalping, if it is a viable approach
This video is nothing but facts! I look at my stock portfolio as savings account, it's there and I forget about the money. One day if I need some income I could sell some of the stocks, if not pass it to the kids🙏
Absolutely love your channel, it's the best I've seen and ive been around for a bit. I under stand your trading system but why would you continue to trade long with all indices heading south, wouldn't have been an improvement to your system to make a rule based around not trading if indices are below a 200 ma for example ? I know hindsight and all that. Thanks very much for your hard work
Hi Jefferey, swings and roundabouts, some stocks lead the the indices in which case the 200ma could be lagging, this goes for a decline or recovery. Unfortunately there is no indicator which fits all circumstance, I do however use the 20 week MA for individual stocks which suits my concept.👍
When you say "let your profits run" do you mean let them run to your 1:3RR (for eg) or just let them keep running indefinitely and move your SL up incrementally? Thanks!
@@FinancialWisdom I wanted to ask after how many days of trading we can calculate the average loss day and profitable day, I'm talking about day trading.
Have you ever studied Ryan Jones's fixed ratio money management before? His compounding plan can take a small trading account and grow it faster than normal.
It looks me time to understand that there is no bullet proof strategy, in a trending market conditions, a simple momentum strategy like MA crossover will be extremely profitable. Conversely a mean reversion approach like buying lower Bollinger bands can be more profitable and momentum strategy will lose money if the market is consolidating. Period of losses are normal and we have to face it at some point because market will not always consolidating or trending. My question is: Do you stick to one strategy (momentum or mean reversion) or you do both ? Many traders recommend to "stick to the plan", many others recommend to "adapt to the market". What do you think ?
Thanks again for a cracking video. I love the way you put these together and I think the unique clarity of presentation will only increase the number of your subscribers! Key Pup the good work! NoAxe
Great video, Gareth. Thanks.The warning about get rich quick gurus is important for beginners. TH-cam is flooded with 'experts' like Greg Secker who present themselves in luxurious surroundings and sell courses for £2,500 to people who'd do far better by spending £250 on books by Alexander Elder and other reputable authors (many of whom appear on your Financial Wisdom channel). As you so rightly suggest, success hinges on patience and discipline.
Do you use an index filter to keep you out when the market is in drawdown? Why not show a breakdown with monte carlo analysis? This would show month by month year by year performance.
#FinancialWisdom Sir will you please inform us about the ROI in percentage of your trading career and investing career(30 years). So that new traders like us gets a rough idea of expected returns. Thank you for making Financial Wisdom Channel
Great video, but one thing that you can't compare, is day trading vs long term or swing trading, in day trading you can get 100%+ a year (very hard but possible)
I really don't understand the logic of losing 40 trades during the covid period trying to buy stocks. During periods like this we only sell short and win big
All of these gurus are nothing more than young con artist and Liars. People need to realize that back in the day you could pull this off with no big deal but now everything is on digital record so once you create zero credibility through being a con artist it makes it extra hard to ever make an honest living. All you future TH-camrs keep that in mind.
@@FinancialWisdom *30 years thank you for your answer, you are doing a great job, through you i became aware of some great books. i am considering buying your strategy blueprint. currently i am trading a donchian channel breakout system and a second system where i use relative strength according to levy.
I've only just found this channel, it's more realistic and to the point, than most others I've come across...very informative and a mindset I can gel with easily. I had a large loss on Friday by abandoning my get-out quick strategy after a significant drop in the AUDUSD at the end of last week and tried to catch it by pumping more dollars into it and incrementally buying lower and lower to offset the falling higher trades (for the last 8 trading days prior to 23rd Sept) waiting for a pop up so I could close everything at a smaller loss, it didn't happen (it did happen once but I mistook it for a turn around as the major fall was over and waited too long and it dove further). Then Thursday and Friday happened 22nd and 23rd Sept 2022 happened and I got wiped out by almost a third of my account.
I don't normally trade forex other than that one pair because I can't quantify knowledge of more than one pair against the USD as well as the other stocks I have open which are mostly in the NASDAQ (sadly) at the same time, however, I did stick to my jump out at the first sign of a retreat from my gains on the stocks but if I'd known about the 20week MA and the MACD strategy beforehand I probably would have abandoned my 20, 50, 100, 200 SMA golden cross and 14 days RSI (25buy, 75sell) strategy. Maybe it's just the emotions of the loss getting the better of me but I'd like to find someone who isn't rubbishing on about being a guru and who truly does have valuable advice to impart. That is my analytical brain attempting to avoid accepting losses as a part of life, but I did abandon my risk parameters and paid dearly this month, If I'd accepted it wasn't recoverable from the first major fall (which is what I usually would have done, then waited for a sign of reversal) of almost 1.25 cents I would have been fine.
No one will read this waffle probably but now it's off my shoulder hahaha. Thank you, for the insight, you have one more subscriber!
This is exactly what every new trader needs to understand. After a few good trades they start thinking about a Lambo and take excessive risks until everything converges to the actual negative outcome. Thank you for the excellent vids.
Thanks Siraphob🙏
This is the first video of yours I am watching and I can surely say you are one of the best financial channels I have come across. Keep doing the good work so that beginners like me can learn a lot. The thing I love about you is the effort you put and the way you explain things straight to the point. You are a great teacher.
Hi Gowind - That feedback is really appreciated, thank you.....
This video should be linked under every REEL and post of any Guru to shorten the learning curve for those who realy want to get a foot into the trading business. I myself got aware of trading thru social media, there is nothing wrong with that, but the expectation you get from there are the problem, many think its easy or quick made money. Till tey dive deeper. So was I. I scrolled thru endless videos till I finally came to the desicion on reading books, from there on i was able to filter the clickbait from the real valueable content, LIKE THIS CHANNEL. But it took me nearly 2 Years. Just till i was able to start learning.
I love these videos and I have gotten so much better because of them. Always remember the market is Always right! You are not The market doesn’t care about you. The only thing you can control is yourself!!! Follow your rules. Remember there will be loses but you Job is to Protect your capital!!
I am so grateful for this channel, you have no idea
Hands down, one of the nicest traders out there! Providing so much free content on the net.
I appreciate that!😍
My Brokerage Account (Interactive Brokers) - bit.ly/3UGvn1U
My Breakout Scanner - bit.ly/3ea6sl8
My Forum - www.financialwisdomTV.com/forum
My Strategy Blueprint - www.financialwisdomtv.com/plans-pricing
Edgewonk Trade Analysis Software - bit.ly/3xS6S7s
Is it free?
@@vitthalwalunj No
Finally a Video on reality.... Sticking to the process with discipline is the ultra edge by cutting out losses soon... Thanks for this video sir 🙏
Glad it was helpful!
This is a great video for new traders. Hope everyone appreciates these gems.
Thanks 🙏
Greatest video on trading soFar! I just found this guy but am already inlove with his work. Anytime i receive a like on this comment I will be reminded to rewatch this video, thanks great minds.
Rewatch :-)
Great work! I appreciate your videos!
This channel is quickly becoming one of my favorites. It will also likely result in one of the following two outcomes: becoming a Millionaire, or losing my house.
🤔 Thanks Mista... I think.
Wow… u have already acquired the probabilistic mindset… good for you! Anything can happen!
Another excellent presentation - thank you
Very welcome, thanks Chris👍
Couldn't agree more! This channel. Is awesome!
@rehey esd Thanks Rehey!
i hope you produce many new educational videos for new traders like me to see the reality in trading and learned a lot and to not be victimized by fomo in trading of the new guru by showing their expensive cars and money and the rich quick mentally which they infuse into the mentality of the many new traders today and that's why many of the new traders lose money today and go into trading without learning first the importance of risk management, i knew trading since 2017 and i search a lot of video for me to learned a lot about trading but your video are one of the best
i hope you produce more video😊
more power
God🙏Bless
i really learned a lot in your trading videos, your voice and audio in the video are very good and your trading videos are very educational and one of the best.
Thank You!
Hi Your Guardian. Thanks for your feedback its very much appreciated... I'm pleased people are finding value in the videos.🙏
Thanks for finding the time to comment.
Gareth
excellent explaination.. reality of trading that most traders ignored
Thanks, and yes...
I m watching your video from India🇮🇳..... Love from India.... I really like your videos
Awesome! Thank you!
You sound young for 30 years of trading experience :)
I'm 45 years young...
@@FinancialWisdom OMG I thought you were 25-30 years old! You've got a young voice 😅
@@harshrajjadhav940 Don't sound so shocked, 45 is young!! :-)
@@FinancialWisdom absolutely :)
My system/strategy does fine before factoring in commissions and spreads, but once they are introduced....
It really feels like the brokerages have created a downloadable slot machine where they have a narrow edge against us retail traders
Thank you for enlightening the novice trader👍
Thank you, great video
Thank you so much for clear & concise explanation 👍
Your welcome!
Genuine guy.Thanks for the video
Do you consider indian stock market for trading too?
Hi, the principle would no doubt be the same..
Thanks Gareth. Very well said!
Glad you liked it!👍
Thank you so much ! Really looking for your upcoming videos
Great to hear👍
informative video, and I would like to ask, in general how much return per month (in % of his capital) should an average or a slightly above average full time trader should expect?
i think i have got more more edge on enter the trade at the moment.. except exiting that trade.. do you have any word on that?
Not sure I understand, I use MACD to exit
Hi, what is the difference between monthly plan of your website and TH-cam monthly membership of your channel?
Hi Ravi, The TH-cam subscription is ending and everyone is switching to the new website. www.financialwisdomtv.com
Apologies for confusion, it is left open for a short period for the remaining individuals to switch over. Thanks Gareth
@@FinancialWisdom I am in. Thank you for reply.
Good day, Is it possible to develop an edge in the markets scalping a single market like the Nasdaq index instead of developing a portfolio of various stocks?
I'm a new trader and I've only ever scalped the Nasdaq index, is it worth it trying to develop an edge or is it unrealistic?
And lastly, can you recommend any books that focuses on lower timeframes/scalping, if it is a viable approach
Hi - Yes you can, use a moving average and MACD combination and look back at the charts to see how it behaved.
Thanks for many great knowledges from this channel
It's my pleasure🙏
Great video! Agreed with the *fake* gurus making it look much easier than it is.
I dont usually comment but your videos are legenadry!
I appreciate that! 🙏
This video is nothing but facts! I look at my stock portfolio as savings account, it's there and I forget about the money. One day if I need some income I could sell some of the stocks, if not pass it to the kids🙏
Spot on
Thank you very much...
You're most welcome - Thanks for sharing continuously on twitter!🙏
Absolutely love your channel, it's the best I've seen and ive been around for a bit.
I under stand your trading system but why would you continue to trade long with all indices heading south, wouldn't have been an improvement to your system to make a rule based around not trading if indices are below a 200 ma for example ?
I know hindsight and all that.
Thanks very much for your hard work
Hi Jefferey, swings and roundabouts, some stocks lead the the indices in which case the 200ma could be lagging, this goes for a decline or recovery. Unfortunately there is no indicator which fits all circumstance, I do however use the 20 week MA for individual stocks which suits my concept.👍
When you say "let your profits run" do you mean let them run to your 1:3RR (for eg) or just let them keep running indefinitely and move your SL up incrementally? Thanks!
Hi Tom - I use the MACD and other criteria to close a position, as soon as momentum is confirmed change
@@FinancialWisdom Interesting. Thanks mate.
Thank you!
Thank you!
I do find value in your video, appreciate it.
Glad to hear it!
Just Wonder before i watch movie. After how many days you count your avrage dayli loss?
Not sure I understand Lukask, the average loss is based on each individual trade?
@@FinancialWisdom I wanted to ask after how many days of trading we can calculate the average loss day and profitable day, I'm talking about day trading.
@@LukaszAdams Ah ok, i'm not a day trader, but in general, statistically, a meaningful sample size would be 30, so 30 trading days in your case.
@@FinancialWisdom Thanks.
as from minute 2;00 its very crucial
Thanks always great video on trading reality. not anyone has dared to tell that.
I appreciate that!
Have you ever studied Ryan Jones's fixed ratio money management before? His compounding plan can take a small trading account and grow it faster than normal.
Thank you for this video!
Thanks for watching
Thank you sir. This is absolutely priceless👍🏾
Thank you!🙏
GREAT PAGE
anyway I can speak to you?
It looks me time to understand that there is no bullet proof strategy, in a trending market conditions, a simple momentum strategy like MA crossover will be extremely profitable. Conversely a mean reversion approach like buying lower Bollinger bands can be more profitable and momentum strategy will lose money if the market is consolidating. Period of losses are normal and we have to face it at some point because market will not always consolidating or trending.
My question is: Do you stick to one strategy (momentum or mean reversion) or you do both ? Many traders recommend to "stick to the plan", many others recommend to "adapt to the market". What do you think ?
Awesome explanation from India
Thanks! 😃
Very very nice video sir 👌
I love your video
So nice of you🙏
this kind of psychology information is worth gold
Thanks again for a cracking video. I love the way you put these together and I think the unique clarity of presentation will only increase the number of your subscribers!
Key Pup the good work!
NoAxe
Thank you very much!
really missed the information you provide. thank you.
Glad it was helpful!
Really needed to hear this. Thanks
You are so welcome🙏
Great video, Gareth. Thanks.The warning about get rich quick gurus is important for beginners. TH-cam is flooded with 'experts' like Greg Secker who present themselves in luxurious surroundings and sell courses for £2,500 to people who'd do far better by spending £250 on books by Alexander Elder and other reputable authors (many of whom appear on your Financial Wisdom channel). As you so rightly suggest, success hinges on patience and discipline.
Absolutely! Thanks William👍
Do you use an index filter to keep you out when the market is in drawdown? Why not show a breakdown with monte carlo analysis? This would show month by month year by year performance.
yes see my EMA crossover video
Well done
Thanks👍
This is gold
thanks🙏
#FinancialWisdom
Sir will you please inform us about the ROI in percentage of your trading career and investing career(30 years). So that new traders like us gets a rough idea of expected returns.
Thank you for making Financial Wisdom Channel
Average circa 40% (unleveraged)
@@FinancialWisdom Thank you Sir for your valuable reply
Like your videos! 👍👍👍🤜🤛
Thanks!
best video ever
Thanks, I think it could be the most underrated but most valuable I have done ( he said modestly)🙏
Fantastic video!
Glad you liked it!
Legend.
Thanks Sonicz🙏
You are the best!
Thanks !!🙏
Another great video.
Glad you enjoyed it
Nice sir 👍👍👍👌👌
Thanks and welcome
Realistic…thank you.
Thanks
Love you sir
Thanks gigs🙏
Great video, but one thing that you can't compare, is day trading vs long term or swing trading, in day trading you can get 100%+ a year (very hard but possible)
I am free india, It's God blessings that I Found your channel
🙏
I really don't understand the logic of losing 40 trades during the covid period trying to buy stocks. During periods like this we only sell short and win big
Funny seeing Little Ricky give me your money so I can "swing" trade... haha..
check out an unpopular book knows as positional trader by tony loton, resembles your strategy in many ways
Thanks Vinayak
Could you pls pin the " trading in the Zone" video link in the Description box, as I can't find the same in the playlist
Most of them trade on the lower time frame
probably
going thru another period of underperformance so I have come for my periodic reassurance. LOL
LOL thanks Victor - We all need it sometimes....
✨✨✨✨✨
Thanks Nirjhar🙏
If I see any AD that shows someone making stupid amounts of money I instantly skip it.
wise choice
Game of probability with random rewards(risk should be capped) ,, 😒😒😒 understands after 3 years of struggling career
You’ve been in the industry for 30 years? You sound like your in your 30s (this is a complement)
Lol, I'm actually 45... feel 30🙏
All of these gurus are nothing more than young con artist and Liars. People need to realize that back in the day you could pull this off with no big deal but now everything is on digital record so once you create zero credibility through being a con artist it makes it extra hard to ever make an honest living. All you future TH-camrs keep that in mind.
They are not guru , They are Babtised fools
Greg secker videos
I’ve had enough of this fraudsterr
3 years of experience? how old are you? :)
Hi, I'm 45 years young....
@@FinancialWisdom *30 years
thank you for your answer, you are doing a great job, through you i became aware of some great books. i am considering buying your strategy blueprint. currently i am trading a donchian channel breakout system and a second system where i use relative strength according to levy.
@@suxxa Great to hear Suxxa, thanks.