I am so impressed by-and thankful for-this man's logic. Identifying the connection between an edge and its ability to stay correct long enough to reach a given profit target was a game changer for me.
Always love listening to Adam Grimes interviews. 100% on the topic of "always look for 2 x the risk trades". I have carried out a lot of research on my own developed discretionary strategies and almost consistently 0.5 RR has worked better for me. Crazy. Don't listen to "you should do this"..... how about just research and backtest and analyse your own strategies and work out what works for you and your personality/lifestyle.
Etienne Crete i appreciate your efforts to mention time wise the chapters included in the video. it helps to switch to selective chapters. thank you and appreciate your efforts once again.
I just smash and grab , i take profits... just depending the strength of the situation... if we have a strong day vs a weak day... but to me I just like to reload and wait. Key is being satisfied, like when is it enough... it will never be enough. So you win... and you wait for the next opportunity.
Once I looked over most of my trades I saw I would have won a majority of my trades had I just took a 1R vs 2R After that I just can't comprehend anymore why a lot of traders parrot the 1 to 2 & greater... I started doing research on 1 to 1 or less & couldn't find much on it One thing I found stuck out though This trader said trading is a psychological game & confidence is very important (Edge is still more important if not more important for me personally...to have a sound psychology you need to have a solid strategy/edge first) How are you going to have high confidence with a 50% or lower win rate??? Having winners turn into losers is the most demoralizing thing... I hate losing I'll take 1 to 1 or 1 to 0.5 anytime on /MES Those small wins add up
In point everything in trading is important.If for example you got edge and good strategy but don't have psychology to use it this is worth less and and many other examples wher you got almost all good but one thing bad or not soo great.
whats the different if u get profitable with a 20% 6/1 R win ratio, or a 75% win ratio 1/1 R ? Is only important if fix with u personality, ther is no right or wrong, just the thing that works for u.
Exactly. Don’t overthink think it. If you’re $500.00 in profit and that makes you feel good, then take it. Now you can start looking for the next trade, only your $500.00 richer. So what’s the problem? There isn’t one. Percentages and ratios. Here’s a percentage calculation you need to remember: The longer you stay in a trade, the higher the probability percentage that it’s gonna blow up in your face.
The problem for us, consuming such content, is that we are not "making market". Our accounts are not big enough to initiate moves. Hence, in the instance we identify momentum, it's partially late. We can capitalize only on a fraction of a movement. Being from the start in a passive position, I don't think that high R's are possible consistently. Most of the time, when we are at max. 1:1 R, the big players are already taking profit.
I agree with you. Taking profits to early is subjective. If I have a $100,000.00 account then I’ll take a chance on letting something ride, but I don’t have that, so if I reach a number I’m happy with Im cashing out before the rug gets pulled. Also, if the action is telling you it’s over then it changes its mind, is that because you have a mental problem? I think not. I’ve watched to many acceptable profits get flushed down the toilet because I had to get just a little more. I’ve watched a few $500.00 profits turn into $700.00 losses in less than 60 seconds, and I’m small potatoes, what if I was high stakes? That would make me an idiot. You don’t know if a sudden burst is going to continue or reverse. And, you may have a problem if you’re trying to unload 300 call contracts into a sudden downturn dump. It’s a split second subjective decision, 6 of one half dozen of the other. There’s nothing wrong with taking profits of any size as long as you keep your losses in check. In fact last I checked, a $50.00 win beats a $300.00 loss every time it’s tried. As a self taught, still learning trader, the most useful thing Ive learned is to not take anyone’s advice as gospel. I’ve wasted years doing it the way I was told “It’s supposed to be done” Each person has their own unique perspective. You can teach someone till you’re blue in the face and they still can’t do it, not because they won’t see it through your eyes but because they can’t see it through your eyes. The biggest problem in trading isn’t fear, it’s greed. Fear is a natural defense mechanism. Greed is a psychotic mental disorder.
Good advice , however…This is one of the problems that I see on YT. I don’t know if it’s lack of experience or the fact that they don’t want to give too much info…If you’re gonna talk about how to grow an account from $10 into $1000…Show the beginning where you start a $10 and you reach that $1000….Otherwise I just wasted my time here, many people are visual learners! Thank you!
I don’t recommend growing a $10 account into $1,000. You’d be gaining a lot of bad habits and if you use proper risk management it would take you years to do it.
Like the interview, but hav strongs problems with the message....for ones who dosent have 20 years of experiencie, in a 1:1 R strategy, any drawdown will CUT you OF THE GAME, without any doubt, Try to loose 15 or 20 trades in a row, 1% of your account each....and u can be sure, U WILL LOOSE 15 or 20 Trades in a row, at least once in your trading carrer, and then imagine win 6 trades in a row, and still seeing -10%, of the original account. Lol-. Im not saying it dosent work, im saying, IT TAKE A LOT OF EXPERIENCE make it works,
This is good if you like no noncens Host, and the english training for me,when he speak danish english- ! spott on, to much fakers on stock and trading, here you find Quality! those people spending time on uss, for free! all the others about, are fake.
@@KC-nm4ct respect goes two ways. The disrespectful thing here is that in every video, especially in the introduction, Etienne mispronounces and does not fully enunciate words, despite several people routinely pointed out they cannot understand and that he talks too quickly "eating" the words. If he were to mispronounce or not fully enunciate the same words, it would not be a problem as one can get used to it, but that's not the case. Not even TH-cam can understand what “fgjyvuucuvu welcome icucjcsydhti channel, today ufufcucufu guest fufuuffk" means. That's very disrespectful to the audience. Edit: What he says from 00:54 to 01:00 is much easier to understand due to speed compared to what he says from 0:50 to 00:54.
@@bufordmaddogtannen Your sense of entitlement is stunning. Etienne has allowed us to benefit from years of amazingly valuable interviews at no cost to us whatsoever. Maybe consider not complaining about the manner in which you are served a free gourmet meal.
I want to hear more about risk management and the psychology of letting go of a trade? Yet, still be profitable. The Makers have too much information to have trading privacy. Thoughts?
I am so impressed by-and thankful for-this man's logic. Identifying the connection between an edge and its ability to stay correct long enough to reach a given profit target was a game changer for me.
I’m very glad you liked the interview!
Always love listening to Adam Grimes interviews. 100% on the topic of "always look for 2 x the risk trades". I have carried out a lot of research on my own developed discretionary strategies and almost consistently 0.5 RR has worked better for me. Crazy. Don't listen to "you should do this"..... how about just research and backtest and analyse your own strategies and work out what works for you and your personality/lifestyle.
That’s very true! Glad you can relate to this!
I can't credit how he talk on subject such as trading like this honesty!
Etienne Crete i appreciate your efforts to mention time wise the chapters included in the video. it helps to switch to selective chapters. thank you and appreciate your efforts once again.
What can I say… I’ve got a good team 👌
I just smash and grab , i take profits... just depending the strength of the situation... if we have a strong day vs a weak day... but to me I just like to reload and wait. Key is being satisfied, like when is it enough... it will never be enough. So you win... and you wait for the next opportunity.
amazing trading tips from George Lucas in person, very impressive Étienne, may the force be with you
Amazing and insightful. Always love listening to Adam
Glad you liked that interview!
Thanks E, I love these kind of interviews.
Great interview. Especially the discussion on all in vs trailing take profits. Who is Tom … Tom Basso?
Great job Don !!!
Like to see you’re on top of all things market wise.
Adam is great 😊
Once I looked over most of my trades I saw I would have won a majority of my trades had I just took a 1R vs 2R
After that I just can't comprehend anymore why a lot of traders parrot the 1 to 2 & greater...
I started doing research on 1 to 1 or less & couldn't find much on it
One thing I found stuck out though
This trader said trading is a psychological game & confidence is very important
(Edge is still more important if not more important for me personally...to have a sound psychology you need to have a solid strategy/edge first)
How are you going to have high confidence with a 50% or lower win rate???
Having winners turn into losers is the most demoralizing thing...
I hate losing
I'll take 1 to 1 or 1 to 0.5 anytime on /MES
Those small wins add up
Read the best loser wins by Tom Hougaard.
How bad does it feel when you take profit and then it runs 6x your target? Why limit upside?
Great interview Adam! Thanks for sharing Etienne!
Glad you enjoyed it!
He Talked about Negative RR @ 22:38
In point everything in trading is important.If for example you got edge and good strategy but don't have psychology to use it this is worth less and and many other examples wher you got almost all good but one thing bad or not soo great.
Amazing video. Thank you
0:05 he meant "lore" of trading
whats the different if u get profitable with a 20% 6/1 R win ratio, or a 75% win ratio 1/1 R ? Is only important if fix with u personality, ther is no right or wrong, just the thing that works for u.
Exactly. Don’t overthink think it. If you’re $500.00 in profit and that makes you feel good, then take it. Now you can start looking for the next trade, only your $500.00 richer.
So what’s the problem?
There isn’t one.
Percentages and ratios.
Here’s a percentage calculation you need to remember:
The longer you stay in a trade, the higher the probability percentage that it’s gonna blow up in your face.
Interesting stuff thanks E
Bendiciones desde Puebla, México
Must learn to control our greed and our fear
The rubber band snap on the wrist ☠️ love it
Reminds me of tom basso
The problem for us, consuming such content, is that we are not "making market". Our accounts are not big enough to initiate moves. Hence, in the instance we identify momentum, it's partially late. We can capitalize only on a fraction of a movement. Being from the start in a passive position, I don't think that high R's are possible consistently. Most of the time, when we are at max. 1:1 R, the big players are already taking profit.
I agree with you. Taking profits to early is subjective. If I have a $100,000.00 account then I’ll take a chance on letting something ride, but I don’t have that, so if I reach a number I’m happy with Im cashing out before the rug gets pulled. Also, if the action is telling you it’s over then it changes its mind, is that because you have a mental problem? I think not. I’ve watched to many acceptable profits get flushed down the toilet because I had to get just a little more. I’ve watched a few $500.00 profits turn into $700.00 losses in less than 60 seconds, and I’m small potatoes, what if I was high stakes?
That would make me an idiot. You don’t know if a sudden burst is going to continue or reverse. And, you may have a problem if you’re trying to unload 300 call contracts into a sudden downturn dump.
It’s a split second subjective decision, 6 of one half dozen of the other. There’s nothing wrong with taking profits of any size as long as you keep your losses in check. In fact last I checked, a $50.00 win beats a $300.00 loss every time it’s tried.
As a self taught, still learning trader, the most useful thing Ive learned is to not take anyone’s advice as gospel. I’ve wasted years doing it the way I was told
“It’s supposed to be
done”
Each person has their own unique perspective. You can teach someone till you’re blue in the face and they still can’t do it, not because they won’t see it through your eyes but because they can’t see it through your eyes.
The biggest problem in trading isn’t fear, it’s greed.
Fear is a natural defense mechanism.
Greed is a psychotic mental disorder.
What does it mean to take profits at 3 or 4 R?
it means 3 or 4 times the amount you’re willing to lose.
No Strategy = No patience and no discipline because we don't know what we should be waiting for
Good advice , however…This is one of the problems that I see on YT. I don’t know if it’s lack of experience or the fact that they don’t want to give too much info…If you’re gonna talk about how to grow an account from $10 into $1000…Show the beginning where you start a $10 and you reach that $1000….Otherwise I just wasted my time here, many people are visual learners! Thank you!
I don’t recommend growing a $10 account into $1,000. You’d be gaining a lot of bad habits and if you use proper risk management it would take you years to do it.
It's a best way to make money from nothing. Love this method...
Like the interview, but hav strongs problems with the message....for ones who dosent have 20 years of experiencie, in a 1:1 R strategy, any drawdown will CUT you OF THE GAME, without any doubt, Try to loose 15 or 20 trades in a row, 1% of your account each....and u can be sure, U WILL LOOSE 15 or 20 Trades in a row, at least once in your trading carrer, and then imagine win 6 trades in a row, and still seeing -10%, of the original account. Lol-. Im not saying it dosent work, im saying, IT TAKE A LOT OF EXPERIENCE make it works,
This is good if you like no noncens Host, and the english training for me,when he speak danish english- ! spott on, to much fakers on stock and trading, here you find Quality! those people spending time on uss, for free! all the others about, are fake.
Adam Grimes 😂
The English intelligible part starts at 01:04.
This is an incredibly disrespectful and ungrateful comment.
@@KC-nm4ct respect goes two ways. The disrespectful thing here is that in every video, especially in the introduction, Etienne mispronounces and does not fully enunciate words, despite several people routinely pointed out they cannot understand and that he talks too quickly "eating" the words.
If he were to mispronounce or not fully enunciate the same words, it would not be a problem as one can get used to it, but that's not the case.
Not even TH-cam can understand what “fgjyvuucuvu welcome icucjcsydhti channel, today ufufcucufu guest fufuuffk" means.
That's very disrespectful to the audience.
Edit: What he says from 00:54 to 01:00 is much easier to understand due to speed compared to what he says from 0:50 to 00:54.
@@bufordmaddogtannen Your sense of entitlement is stunning. Etienne has allowed us to benefit from years of amazingly valuable interviews at no cost to us whatsoever. Maybe consider not complaining about the manner in which you are served a free gourmet meal.
@@KC-nm4ctWell put.
16:52 - This is the edge i really needed. without fear - wow
I want to hear more about risk management and the psychology of letting go of a trade? Yet, still be profitable. The Makers have too much information to have trading privacy. Thoughts?
Do you think the makers that's making millions will take a look at small retail traders? THEY DON'T. Not individually but in totality.