The irony is no matter how genius omar may sound, A beginner will never understand a single word of what he is saying. Until he looses a few thousand $
hes actually completely wrong. there isnt such thing as buyers and sellers, the market is an algorithm based on premuim and discount, where liquidity lays is where price goes. he doesnt know nothing
some people are naturally better tho? u got to admit that! some guy on a subreddit showed proof he made 1 million in his first 2 years ...! there are so many people like that too @@razam2849
The dumbest thing about many traders is thinking that they figured out, trading is based on probabilities, we don’t know where the market is going, this is why risk management and psychology are important factors
The dumbest thing you mention is the fact that things can be predicted off of quant analysis consistently which is total bullshit. You need to constantly adapt time to time over years and months. The biggest leading options trading algorithm failed to predict the 2008 crash and that will eventually be you and your reliance. What he means by fundamentals is a basic understand of FINANCE not fcking scam based algorithms. I learned from a mentor who won math competitions on the national and university level, then became head of capital markets at CITI, BAC and many other major fin institutions. His best book outlines why your strategy is intrinsically dogshit. It’s called the art and science of business complexity. Search it up.
This is the most important. Every price change has emotion behind it, either algo or discretion, a person is behind the program, or a person is executing an order. And the person will behave emotionally.
The very first thing one must do is understand your self. Understand your inner state of being, what are your feelings impulses. If you are desperate or very eager to make money quick or you have a kind of desperation to make wealth then this needs to be neautralised. If you have a fear or anxiety to have a loss then this is very bad. You must be in a total state of calm almost a neutral state. You must come to the market with no expectations at all, so you have no expectation to make a certain amount of money also you must not come to market with a feeling of anxiety that you might lose some money. You need to come to the market with a feeling of " lets see what the day brings". You must also be ok if you don't make any thing and also fine with making a certain amount of loss, you must also be fine and ok with even making a small amount. If you have a big profitable day you must be in such a state that you naturally forget later in the day how much you made or have any need to be overly happy that you need to tell others what a profitable day you had. I can not teach you how to get to this state. You can not even pretend to be in this state.
I agree man it’s all about you vs you. Trading is a mental game full of emotions it’s like no other course you could really lose everything if you come in with that “gambling get rich quick mindset” YOU WILL GET HUMBLED! And it’s ok we all do you must learn from this. Next, It’s yo mindset thoughts habits character what you do everyday besides trading will show on the charts it’s a reflection of yourself literally trading comes from yo mindset how you think and do! It’s the discipline patients risk management and consistency that separates you from the rest of these traders. Understanding yo self is key don’t cope know how to take losses and be wrong learn from it man! just be real discipline to yo trading rules remember you can always adjust and you’ll start to see success trust the process if you really want this shit and know how trading really works got the right knowledge experience strategy discipline. You gon be successful mark my words you don’t even gotta pray hope this shit works out, the work discipline is already done. 2024 I will become a multi millionaire no doubt. I already conquered my demons myself. I’m comin😤BELIEVE ME AND TO ALL THOSE WHO WANNA COME WITH REMEMBER THIS MESSAGE
Any advice bro ? I have experience 2 years ago recently got back into I want to get into options trading any advice I’ve watched videos Ik the basic code names etc what to look for but maybe a story of the first time you probably traded an option bro ? And maybe some tips I’m genuinely asking man I’m 19 years old I’m making money bro working but I’m really Just trying to really apply myself here
@@todoparadios1251if you want to get into options trading I’d suggest reading about the black scholes model, the Greeks, and Implied volatility. This will help you gain a basic understanding of what everything does and how options truly work. From there develop a strategy that works for you with the math and all of the things you have found then stick to that strategy even in tough times.
Yeah man, “you vs you” trading really tests yo mental patients, discipline and emotions. gotta let that sink in. how you trade is literally a reflection of your self (your mindset) emotions, feelings, thoughts, habits character💯 self discipline to mastery g we all can do just put the work in behind closed doors🫵
that is by far the funniest joke ive heard all year. Omar talks a lot of nonsense, and none of it makes sense :) Thats more accurate. Its all BS, learn to spot a con artist. //someone who actually understands how trading works, as i have a financial education
yeah if you trade based on what candles and indicators tell you have happened then you will fall into traps they set while they determine what is happening. ive found that what price does now is new action and completely separate from what has happened. sure certain lines may repeat rejections and so on but this only happens enough to throw the retail trader off. so it will make you think you know exactly where its going then it will make a new move and fuck your day up. always anticipate the new move.
No matter the manipulation, order flow is ALWAYS respected. People just can't trade against a general trend unless there's significant news that causes change in traders mentality. If there isn't, then aligning yourself with the trend by using supply/demand zone effectively, observing BoS and CHoCH to know which side is in control and just ride the trend. Easier said than done. I know. It requires your own practice. More than this will entirely depend on how you dig
Big facts. the money we put in. Don't even move the stock prices. It's these large Institutes that do so. You gotta try to get in before they make a move. That's where the big profits come from I learned that maybe about a year ago 😂😂😂😂
I'm starting to realize this. Technical analysis took me pretty far in... but when it comes to wanting to know how to predict trends even more I find myself looking into the countries relationships with each other currently. Then I look at major economic events that could be happening regarding that currency
Big institutions and orders move the market, but the algorithm delivers it. To best trade the market you must understand both aspects, what direction is the institutional order flow? When you’ve identified this and the HTF structure.. what POI’s are going to cause a reaction? When price shows it hands and creates the correct patterns in the correct areas… You then have the formula for being successful in this industry, along with many other skills such as patience and risk management.
the only time they look at technical charts is to find where retail stop losses are, which then they trigger to create liquidity for their massive positions
That's just bullshit... the retail traders represent less than 5% of the all market ... they don't give fuck a bout your money... and if they depend on your liquidity ( less than 5% ) they will never have enough liquidity 😅
If you are new to trading the first thing you shall ask yourself these questions What moves the market? What does everything on my chart do(Indicators and understanding candles and trends) Then risk to reward Then you set for trading for an example demo and maybe a PA account
Master just one currency price average. Monitoring interest rates of the currency. Interest rates go up - it’s a buy signal and other way around. Monitor daily and weekly movements.
So true , Beginning to trade is more or less a gamble, it's totally on luck to make profit. After you understand that the market, still a part of it you can never predict, it's still a bit of luck and bit of experience
Yes yes YES !!!! That what I've been trying to tell my friends. Its not about the "cone" pattern or the what so ever pattern.. thank you.. thank you very much..
Its about investers for shares and common people for banks,behaviour for commidities and crypto is a gamble and luck for forex.a beginner thinks he can make money by opposing the flow but a beginner should follow the flow.
Everytime I see this type of discussion an internal battle with my ego is disrupted cause I see the code driving price flawlessly everyday. It doesnt give a F about whos buying or selling. And yet some people think its a ramdom walk.
I think the biggest lesson any beginner should learn is "you're gonna lose money and you should be ok with it". Unless you learn it, you won't be enforcing strict SLs. But yeah, also what Omar is saying. I wish I learned it sooner.
One of the uses of math is to predict somethings without the need to understand the things. I’m not a trader nor a business man, but I’m a math student. I will sur you patterns, does work,if you have enough of them. But still he has a point
you're correct that they move the market but they don't look which is which has the upper hand but rather disrupt the market, absorbing what retailers doing, then overwhelm them, and that's how they move the market
Trading is a constant evolving and adapting format. There is absolutely no way to ever have it figured out. Grasp technical analysis and fundamental analysis. Always have a risk management plan and implement it. For beginners, sentimental analysis purely leads to emotional trading, and some can benefit from beginners luck, but sentiment requires depth of understanding.
best way to learn is throwing yourself into the fire and see your money move, others money move. been trading for 5 years and i’ll be learning for the rest of my life that’s for sure
Basically they are rely on Sentiment, and where is Sentiment come from, Fundamentals. Fundamentals of, global macro economic news certainty/uncertainty events. Geopolitical, Us econ data, Fed, etc.
Safe approach means risk management ( lower leverage, back ups), patience and taking the modest profits rather than going for the big chunks.. is what I have learnt after trading for last 2 weeks 😂
Simple answer is just follow the money. Just keep to your basic stuff with trend structures and you’ll be good. It’s a bit more than that but ultimately you just follow the money.
@@donaldgregg7818 maybe I wasn’t precise but you have to follow the money. you have to look at the trend and identify your orderblocks and wait for price to mitigate it and wait confirmations on the lower timeframe to align itself to go in the direction of the higher timeframe trend. If you want me to write you a book I’d be happy to but this is all I can suggest for now. Try looking up on Smart Money Concept and you’ll understand what I just said. But thanks for pointing that out to me.
@@donaldgregg7818 I legit wrote a comment to respond but I’m not seeing it. I’m sorry for being so short on the “horrible advice” however you need to do as the big players are doing. To know this I’d suggest you look into understand Smart Money Concept on TH-cam or google and understand this idea and you’ll know what I’m talking about. Hope this helps.
Trading is a 50/50 gamble. Once you hit the buy button its either going to go or go down. Trading fees and slip are your only extra costs. The table games at the casino only offer about a 47% win rate to the gambler on all "head or tail" flip bets. Trading is nothing but a flip of a quarter for the individual retail trader but trading does have a slightly better win advantage on each trade compared to red/black roulette table.
Advice for beginners should never be that there is a big man in a suit controlling the market, that will just give people plausible deniability for trading horribly, the truth is that most of the market is made of varying participants trading on their own discretion, and its you versus them every day
I can't agree much on what you said about institutional investors and algo trading. However do you think that long term patterns help to understand the trend to take trades?
While you’re learning the fundamentals. Best way to put into action immediately is paper trades. Is very discouraging for beginners to constantly put money in and lose a big percentage or all of it while trying to make something out of this career.
I know that this is the biggest cringe cliche' but..."The Trend is your friend" is the most important thing every crypto trader needs to know, and then after that you could look at patterns and indicators to plan your entry and exit levels.. Great short!
Disregard T.A. at your own risk. After the Algos and day trading has moved the stock away from where the institutions what the price to flow, they will make it back to their price movement, buy selling or buying more than anyone else. Big Boys let the little guys move the price back and forth, but those large Green and Red candles with volumen makes ALL THE Difference.
Biggest rule: NEVER LISTEN TO CRYPTO TH-cam TRADERS. They have biases and hold bags that they shill on you even if the bags shite. Do your own research. Patterns, rsi, Macd, trends. Understand that and you’ll have a good starting point
Pick one: long or short. Toss a coin; it's essentially the same outcome as your guess. The smart move is to incur a 1% loss for a 2% profit. That's about it.
Exactly, patterns dont really mean shit for big institutions. Ive seen it do the exact opposite many many times. Dont rely on patterns and indicators too much
Lol But What about the times they do work. Sure if 60%of the time they dont work and only work 40% does it mean u cannot be constantly profitable with them?
if u understand how to read chart patterns with indicators you would know they work 100% of the time every chat patterns represents a push (momentum) & the resulting move (impulse).
Bro, my strategy is trading double tops and double bottoms on the 5m time frame. For a double top for example, close of a bearish candle, enter on that, stops 1 atr above the high of the pattern, target whatever double the pattern is. Now the reality is it has a win rate of roughly 40%. But it does regularly hit 3.5RR so. There's other things like where VWAP and its deviations are within relation to the pattern. I like to sell above VWAP and buy below VWAP. Certainly you can be profitable from trading patterns. And if that is the case, then who gives af what anyone else is doing?
@@BMWE-hm7uzany strat is profitable you just gotta have proper risk management and take one trade a day (if you see your setup) quality over Quantity any day. And be discipline take one double bottom a day if scene on the chart but might be wrong, next day see what the market gives! Keep adjusting more experience
@@TheBoon14 maybe youll understand one day, maybe you just need to blow out a few more accounts first chasing this pipedream. Maybe if you put them reloaded account values into investing earlier you would have cut 10-20 years off your financially free number, the time trading into improving your income but y'know keep trying to be that 5% because you're so special.
“And the market doesn’t work the way you see it on social media.” Ok, it doesn’t work the way the video explains it because the video is on social media😂
I don't believe in trading because the stocks that have the most upside are super risky and their financials are terrible. I believe in buying the dip and selling 3 to 6 months later. Hitting a homerun trade is like winning the lottery. The vhances to win big are very small.
A wise man once said to me if you want to learn to trade If you buy just sell if you sell just buy if you think about selling you buy if you think about buying just sell if you don’t think at all just take a break because the market is consolidating Believe me i took his advice and now i am raking in profits Forex is for dummies not for smarties
See. Back in I think the 80s they did a test on the market. They had a monkey choose at random and it scored higher than even the best stock broker. I wonder if that holds today
I like how many people like to sound intelligent about trading. I have been doing this for tens years , I want everyone to understand this. The market is one giant casino , on based on probability. Understanding risk itself , it will put you in better spot than many people. That's why many funds use mathematical models to do the trading. The market has alot of randomness , to operate in the market, just understand risk. Am not talking the risk management you told on TH-cam by gurus. Like risk 2% per trade😂😂😂,. I mean a proper risk system or model based on stats you have collected testing a system. Good luck 🎉
All this behavior creates patterns that repeats over and over again. You can see the price action on the charts. I don’t need to know what the markets will do. I need to know what I will do if the market show me my edge.
The irony is no matter how genius omar may sound, A beginner will never understand a single word of what he is saying. Until he looses a few thousand $
That’s actually true, but a lot of people give up after they lose the thousands though
hes actually completely wrong. there isnt such thing as buyers and sellers, the market is an algorithm based on premuim and discount, where liquidity lays is where price goes. he doesnt know nothing
since u seem like uk wht ur talking about, what advice would u give to beginners trying to learn? read books .. join a course? @@Wreckohnize
Yep it takes a lot tears and sleepless nights to understand
some people are naturally better tho? u got to admit that! some guy on a subreddit showed proof he made 1 million in his first 2 years ...! there are so many people like that too @@razam2849
The dumbest thing about many traders is thinking that they figured out, trading is based on probabilities, we don’t know where the market is going, this is why risk management and psychology are important factors
The dumbest thing you mention is the fact that things can be predicted off of quant analysis consistently which is total bullshit. You need to constantly adapt time to time over years and months. The biggest leading options trading algorithm failed to predict the 2008 crash and that will eventually be you and your reliance. What he means by fundamentals is a basic understand of FINANCE not fcking scam based algorithms. I learned from a mentor who won math competitions on the national and university level, then became head of capital markets at CITI, BAC and many other major fin institutions. His best book outlines why your strategy is intrinsically dogshit. It’s called the art and science of business complexity. Search it up.
Absolutely
"anything can happen"
@@bos9824 yeah we need to look at the trading from probability perspective
😂 its other way round
It took me a while to understand that trading is less about numbers and more about people
Player vs player
Art of war
Collective consciousness, look up Mark Douglass seminar; it’s about few hours but does explain it all. Also read “trade in the zone” by the same guy
This is the most important. Every price change has emotion behind it, either algo or discretion, a person is behind the program, or a person is executing an order. And the person will behave emotionally.
@@alexharitos4495 the market is a collective consciousness- Mark Douglas
The very first thing one must do is understand your self. Understand your inner state of being, what are your feelings impulses. If you are desperate or very eager to make money quick or you have a kind of desperation to make wealth then this needs to be neautralised.
If you have a fear or anxiety to have a loss then this is very bad.
You must be in a total state of calm almost a neutral state. You must come to the market with no expectations at all, so you have no expectation to make a certain amount of money also you must not come to market with a feeling of anxiety that you might lose some money.
You need to come to the market with a feeling of " lets see what the day brings".
You must also be ok if you don't make any thing and also fine with making a certain amount of loss, you must also be fine and ok with even making a small amount. If you have a big profitable day you must be in such a state that you naturally forget later in the day how much you made or have any need to be overly happy that you need to tell others what a profitable day you had.
I can not teach you how to get to this state. You can not even pretend to be in this state.
💯🙌
Good analysis, I love the qualitative value but it’s not that deep bro
@@kurtisbobke9000 well in simole terms, its awareness of your impulses and moving above them so YOU are in control and not your IMPULSES
I agree man it’s all about you vs you. Trading is a mental game full of emotions it’s like no other course you could really lose everything if you come in with that “gambling get rich quick mindset” YOU WILL GET HUMBLED! And it’s ok we all do you must learn from this. Next, It’s yo mindset thoughts habits character what you do everyday besides trading will show on the charts it’s a reflection of yourself literally trading comes from yo mindset how you think and do! It’s the discipline patients risk management and consistency that separates you from the rest of these traders. Understanding yo self is key don’t cope know how to take losses and be wrong learn from it man! just be real discipline to yo trading rules remember you can always adjust and you’ll start to see success trust the process if you really want this shit and know how trading really works got the right knowledge experience strategy discipline. You gon be successful mark my words you don’t even gotta pray hope this shit works out, the work discipline is already done. 2024 I will become a multi millionaire no doubt. I already conquered my demons myself. I’m comin😤BELIEVE ME AND TO ALL THOSE WHO WANNA COME WITH REMEMBER THIS MESSAGE
@@kurtisbobke9000it is that deep
Maintain discipline in your trading approach. Avoid emotional decision-making and stick to your trading plan even during challenging market.
Any advice bro ? I have experience 2 years ago recently got back into I want to get into options trading any advice I’ve watched videos Ik the basic code names etc what to look for but maybe a story of the first time you probably traded an option bro ? And maybe some tips I’m genuinely asking man I’m 19 years old I’m making money bro working but I’m really Just trying to really apply myself here
@@todoparadios1251 don't trade in options
@@todoparadios1251if you want to get into options trading I’d suggest reading about the black scholes model, the Greeks, and Implied volatility. This will help you gain a basic understanding of what everything does and how options truly work. From there develop a strategy that works for you with the math and all of the things you have found then stick to that strategy even in tough times.
“What are the basics”
Guru- “oxygen must reach the brain”
Trading is the most hardest simplest annoying mind game ever
Yeah man, “you vs you” trading really tests yo mental patients, discipline and emotions. gotta let that sink in. how you trade is literally a reflection of your self (your mindset) emotions, feelings, thoughts, habits character💯 self discipline to mastery g we all can do just put the work in behind closed doors🫵
Yh, looks simple but difficult and annoying
Switch out annoying with frustrating
Why?
Umar is a very intelligent investor and genius 👏
Just a marketer
lol ur lost
that is by far the funniest joke ive heard all year. Omar talks a lot of nonsense, and none of it makes sense :) Thats more accurate. Its all BS, learn to spot a con artist.
//someone who actually understands how trading works, as i have a financial education
yeah if you trade based on what candles and indicators tell you have happened then you will fall into traps they set while they determine what is happening. ive found that what price does now is new action and completely separate from what has happened. sure certain lines may repeat rejections and so on but this only happens enough to throw the retail trader off. so it will make you think you know exactly where its going then it will make a new move and fuck your day up. always anticipate the new move.
Usually need to trade the other way the chart looks like will be going! And determine the levels of liquidations for TP and SL
I moved the market. Market goes down when I buy and up when I sell !
Price action,supply and demand,risk management,wide stop loss with a relatively little too medium lot,risk/reward 1:2 thats all
You are there brother
I mean not too tight above or beneath my supply and demand zones. Lotsize is the ordersize.
🚮 rubbish, confused action traders
I think you are right
No matter the manipulation, order flow is ALWAYS respected. People just can't trade against a general trend unless there's significant news that causes change in traders mentality.
If there isn't, then aligning yourself with the trend by using supply/demand zone effectively, observing BoS and CHoCH to know which side is in control and just ride the trend.
Easier said than done. I know. It requires your own practice. More than this will entirely depend on how you dig
Everything is patterned even life G! That’s the way it is bro good luck all
Big facts. the money we put in. Don't even move the stock prices. It's these large Institutes that do so. You gotta try to get in before they make a move. That's where the big profits come from I learned that maybe about a year ago 😂😂😂😂
I'm starting to realize this. Technical analysis took me pretty far in... but when it comes to wanting to know how to predict trends even more I find myself looking into the countries relationships with each other currently. Then I look at major economic events that could be happening regarding that currency
I trade off patterns and i have had succes it works fine
Woow soo true!! Once you learn this you won’t force a trade but instead be patient. The key with trading is always patience and execution!
Big institutions and orders move the market, but the algorithm delivers it. To best trade the market you must understand both aspects, what direction is the institutional order flow? When you’ve identified this and the HTF structure.. what POI’s are going to cause a reaction? When price shows it hands and creates the correct patterns in the correct areas… You then have the formula for being successful in this industry, along with many other skills such as patience and risk management.
Very true 👍
lol ICT doesn't work
@@wefwefqironic how I’ve passed my 100k Topstep and got my first $2000 payout then, started learning ict 3 months ago
MHU and ICT are legends
@@darryltinkle2311 at scamming bro watch Iman Trading's video on ICT spoiler he's not even close to profiable
the only time they look at technical charts is to find where retail stop losses are, which then they trigger to create liquidity for their massive positions
That's just bullshit... the retail traders represent less than 5% of the all market ... they don't give fuck a bout your money... and if they depend on your liquidity ( less than 5% ) they will never have enough liquidity 😅
@@abdualhwayjtrue. People studying ICT think these huge players care about retails 5 cents in the market lol
you dream too much on the smc shit, brother
That’s like being in a pool full of a hundred dollar bills and trying to find the 10 one dollar bills, it’s just fucking stupid
So you think people trading in billions of dollars are looking for your 100$ stop loss?.
When I implemented algos in my trading everything became so much more clear
If you are new to trading the first thing you shall ask yourself these questions
What moves the market?
What does everything on my chart do(Indicators and understanding candles and trends)
Then risk to reward
Then you set for trading for an example demo and maybe a PA account
Control your emotions aswell. Understanding the market movements is key to get confidence for your emotional control. Happy profits
That is seriously great insight to market behaviour that people need to pay attention too.
That's actually the best trading advice I have seen on social media so far. Legit 90% approval rating from me
Amazing advice, so much value in one video
your videos are worthful thanks it gives clearance
You need a dictionary my friend. Wow
@@hardlykdm551bro English might not be his/her first language chill
@@RyanSemmel77 true bud thanks
Yo can you go over how to read order flow, relate it to “passive buyers” and the psychology behind that. And also how that relates to order volume!
The fundamentals are always the most important thing!
Realest and most humbling thing you learn. Logic doesn’t matter. Leave at the door and apply it to Long Buy and Hold
Knowledge definitely is key
Master just one currency price average. Monitoring interest rates of the currency. Interest rates go up - it’s a buy signal and other way around. Monitor daily and weekly movements.
So true , Beginning to trade is more or less a gamble, it's totally on luck to make profit. After you understand that the market, still a part of it you can never predict, it's still a bit of luck and bit of experience
This world needs more individuals in trades not more traders.
The algos are based on current trading actions. Technicals are still effective in picking more winners than losers.
Yes yes YES !!!! That what I've been trying to tell my friends. Its not about the "cone" pattern or the what so ever pattern.. thank you.. thank you very much..
basics: trade on funded accounts such as equity edge analytics
You know who controls by patterns. You also know which key prices you wanna look for by by analyzing the chart. Don't underestimate the chart
Its about investers for shares and common people for banks,behaviour for commidities and crypto is a gamble and luck for forex.a beginner thinks he can make money by opposing the flow but a beginner should follow the flow.
Great advice!
Most important:
RISK MANAGEMENT
Everytime I see this type of discussion an internal battle with my ego is disrupted cause I see the code driving price flawlessly everyday. It doesnt give a F about whos buying or selling. And yet some people think its a ramdom walk.
I think the biggest lesson any beginner should learn is "you're gonna lose money and you should be ok with it". Unless you learn it, you won't be enforcing strict SLs. But yeah, also what Omar is saying. I wish I learned it sooner.
It's like consulting a doctors different opinions.. different ways to treat a patient
One of the uses of math is to predict somethings without the need to understand the things. I’m not a trader nor a business man, but I’m a math student. I will sur you patterns, does work,if you have enough of them. But still he has a point
Best one I’ve seen for beginners is ‘trend is your friend’
They may use different patterns than the ones used in the past. But looking at buying and selling activity is definitely still looking at patterns.
Price Action ❤
you're correct that they move the market
but they don't look which is which has the upper hand but rather disrupt the market, absorbing what retailers doing, then overwhelm them, and that's how they move the market
Great advice
Trading is a constant evolving and adapting format. There is absolutely no way to ever have it figured out. Grasp technical analysis and fundamental analysis. Always have a risk management plan and implement it.
For beginners, sentimental analysis purely leads to emotional trading, and some can benefit from beginners luck, but sentiment requires depth of understanding.
best way to learn is throwing yourself into the fire and see your money move, others money move. been trading for 5 years and i’ll be learning for the rest of my life that’s for sure
I would love to learn more of this ! Can u help Umar!!
Basically they are rely on Sentiment, and where is Sentiment come from, Fundamentals. Fundamentals of, global macro economic news certainty/uncertainty events. Geopolitical, Us econ data, Fed, etc.
Safe approach means risk management ( lower leverage, back ups), patience and taking the modest profits rather than going for the big chunks.. is what I have learnt after trading for last 2 weeks 😂
Simple answer is just follow the money. Just keep to your basic stuff with trend structures and you’ll be good. It’s a bit more than that but ultimately you just follow the money.
That’s horrible advice.
@@donaldgregg7818 maybe I wasn’t precise but you have to follow the money. you have to look at the trend and identify your orderblocks and wait for price to mitigate it and wait confirmations on the lower timeframe to align itself to go in the direction of the higher timeframe trend. If you want me to write you a book I’d be happy to but this is all I can suggest for now. Try looking up on Smart Money Concept and you’ll understand what I just said. But thanks for pointing that out to me.
@@donaldgregg7818 I legit wrote a comment to respond but I’m not seeing it. I’m sorry for being so short on the “horrible advice” however you need to do as the big players are doing. To know this I’d suggest you look into understand Smart Money Concept on TH-cam or google and understand this idea and you’ll know what I’m talking about. Hope this helps.
Trading is a 50/50 gamble. Once you hit the buy button its either going to go or go down. Trading fees and slip are your only extra costs. The table games at the casino only offer about a 47% win rate to the gambler on all "head or tail" flip bets. Trading is nothing but a flip of a quarter for the individual retail trader but trading does have a slightly better win advantage on each trade compared to red/black roulette table.
Advice for beginners should never be that there is a big man in a suit controlling the market, that will just give people plausible deniability for trading horribly, the truth is that most of the market is made of varying participants trading on their own discretion, and its you versus them every day
Truth is the insteument yoyre trading is either cheap or expensive. If you can figure that out you know which position to take.
I can't agree much on what you said about institutional investors and algo trading. However do you think that long term patterns help to understand the trend to take trades?
MasyaAllah tabarakallah. Still so humble brother! Jazakallah khayr for the knowledge shared! ☺️✨
While you’re learning the fundamentals. Best way to put into action immediately is paper trades. Is very discouraging for beginners to constantly put money in and lose a big percentage or all of it while trying to make something out of this career.
I know that this is the biggest cringe cliche' but..."The Trend is your friend" is the most important thing every crypto trader needs to know, and then after that you could look at patterns and indicators to plan your entry and exit levels.. Great short!
Have a fucking exit strategy and stick to it like it’s the law!!!
Cumulative investing:
Trade weekly=100 USD
30 Year=1500 Trades=150,000 USD
Thank you.
Disregard T.A. at your own risk. After the Algos and day trading has moved the stock away from where the institutions what the price to flow, they will make it back to their price movement, buy selling or buying more than anyone else. Big Boys let the little guys move the price back and forth, but those large Green and Red candles with volumen makes ALL THE Difference.
I see patterns working out a lot
Biggest rule: NEVER LISTEN TO CRYPTO TH-cam TRADERS. They have biases and hold bags that they shill on you even if the bags shite. Do your own research. Patterns, rsi, Macd, trends. Understand that and you’ll have a good starting point
true
Am watching this on social media
Pick one: long or short. Toss a coin; it's essentially the same outcome as your guess. The smart move is to incur a 1% loss for a 2% profit. That's about it.
So whatever the price pattern theory is all fake is it? Trading is more towards on real experience?
Its supply and demand........
As a trader, you can never be 100 % sure about any trade. The max you can understand a trade is around 20%
The big boys can alter the trend either way, and you can not assume that all , some ,or any of them get or can alter a trend and make money.
This is how you trade 1000%. Rarely you see someone say this, shows you how little people lnow
Exactly, patterns dont really mean shit for big institutions. Ive seen it do the exact opposite many many times. Dont rely on patterns and indicators too much
Lol But What about the times they do work. Sure if 60%of the time they dont work and only work 40% does it mean u cannot be constantly profitable with them?
if u understand how to read chart patterns with indicators you would know they work 100% of the time
every chat patterns represents a push (momentum) & the resulting move (impulse).
Bro, my strategy is trading double tops and double bottoms on the 5m time frame. For a double top for example, close of a bearish candle, enter on that, stops 1 atr above the high of the pattern, target whatever double the pattern is.
Now the reality is it has a win rate of roughly 40%. But it does regularly hit 3.5RR so.
There's other things like where VWAP and its deviations are within relation to the pattern. I like to sell above VWAP and buy below VWAP.
Certainly you can be profitable from trading patterns. And if that is the case, then who gives af what anyone else is doing?
@@BMWE-hm7uzany strat is profitable you just gotta have proper risk management and take one trade a day (if you see your setup) quality over Quantity any day. And be discipline take one double bottom a day if scene on the chart but might be wrong, next day see what the market gives! Keep adjusting more experience
thats why we need to rely on those patterns and news, because we dont have that much money to put in
He is right
Great 👍 agree with you
Somebody give him the book ' the misbehavior of markets '
Understand percents and tolerable risk.
dont' trade. Invest for long term growth.
this needs more likes, forget this other nonsense
You’re both geniuses! I totally care about becoming financially free in 40 years! lmao goodluck guys
@@TheBoon14 maybe youll understand one day, maybe you just need to blow out a few more accounts first chasing this pipedream. Maybe if you put them reloaded account values into investing earlier you would have cut 10-20 years off your financially free number, the time trading into improving your income but y'know keep trying to be that 5% because you're so special.
@@Nick-fo8kqdang bro did you even try to trade?
“And the market doesn’t work the way you see it on social media.”
Ok, it doesn’t work the way the video explains it because the video is on social media😂
I don't believe in trading because the stocks that have the most upside are super risky and their financials are terrible. I believe in buying the dip and selling 3 to 6 months later. Hitting a homerun trade is like winning the lottery. The vhances to win big are very small.
Insider trading is the best
A wise man once said to me if you want to learn to trade
If you buy just sell
if you sell just buy
if you think about selling you buy
if you think about buying just sell
if you don’t think at all just take a break because the market is consolidating
Believe me i took his advice and now i am raking in profits
Forex is for dummies not for smarties
Very true!
See. Back in I think the 80s they did a test on the market. They had a monkey choose at random and it scored higher than even the best stock broker.
I wonder if that holds today
u seem intelligent
Touché
How do we learn the basic fundamentals?
The market will show you where it's going by going there.
Follow it.
Poor people follow patterns, smart clever people let algo follow the money
Finally someone whos not a yapperXz
"The market does not work the way it is portrayed on social media" (says this dude on social media).
Best advice for a beginner trader is to ignore these stupid video’s of people who think they “know how the market works”.
Mike thurston...💪🏻💪🏻💪🏻
When everybody buys you sale when everyone sales you buy, think different as the rest and u be rich
tell me if i m worng here. This means that patterns only matter to understand what the common trader is going to dor?
I like how many people like to sound intelligent about trading. I have been doing this for tens years , I want everyone to understand this. The market is one giant casino , on based on probability. Understanding risk itself , it will put you in better spot than many people. That's why many funds use mathematical models to do the trading. The market has alot of randomness , to operate in the market, just understand risk. Am not talking the risk management you told on TH-cam by gurus. Like risk 2% per trade😂😂😂,. I mean a proper risk system or model based on stats you have collected testing a system. Good luck 🎉
All this behavior creates patterns that repeats over and over again. You can see the price action on the charts. I don’t need to know what the markets will do. I need to know what I will do if the market show me my edge.
You just have to make life more harder than it is
Insanity is doing the same things over and over expecting things to change!
~Albert Einstein
The most fundamental rule is, on a long enough timeline, traders always lose.
Central bank is the one move market