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Here is an exercise. The next time you are gonna put a trade on, you pick up something heavy and you just HIT IT IN YOUR HEAD. And then you write down in a piece of paper where you gonna buy and where you gonna put your stoploss. Don't buy it, but put an order in to buy it where you would put your stoploss, and then watch how many times the market goes to your order. MARKETS WILL GO TO THE OBVIOUS STOPS MOST OF THE TIME. One of my rules is I want to put my entries where the masses put their stops.
Sorry to pour out my rants but, another situation is that. Every time I had placed an order, and it went in opposite direction. Price would eventually go into profits within hours or several days. For someone with small account, I’d highly recommend to cut losses quickly, if you have a big account then most likely you already know this secret I’m going to give out, but PRICE ALMOST ALWAYS corrects its self. It just takes patience and some time
Thank you for this billion dollar advice. You won't hear this anywhere else. Many "coaches" keep shoving the usual trading formulas that will never have an edge in the long run.
One of the best videos I have watched so far. Usually good entries are the once you feel uncomfortable taking yet MR. FEAR would whisper "sir wait for confirmation" and that's when you are left with a wide ass SL that's perfectly in the hunting zone.
So after years of starting and stopping and giving up I just started realizing this. In fact put your entries a few ticks/pips past where your stops would be. Literally an immediate change in my trading.
He is very philosophical. I believe one must give the trade an opportunity to work with an initially generous stop loss, then adjust this accordingly as the stock price lifts or levitates.
What you should do as part of your essential tool kit is, is to use an EA that manages your draw down to manageable levels. Its the draw down followed by margin calls that wipe out your account.
I been day trading for 4 months and it is very obvious that the systems recognizes everything you do. So is better to have discipline and be unpredictable
...."you pick up something heavy and you just go BOOF"...Truly a laugh out loud moment! Seen other vlogs with Dr David Paul, and enjoyed listening to him talk: he comes across as confidently knowledgeable, without being egotistical, and who doesn't love his Irish accent, but after that hilarious comment I had to google him, only to find he has ties to my native country!
Sometimes its the simplicity of the game that screws us over tbh. It's really not a difficult game to play but the difficulty comes from outside sources.
In crypto where nothing is regulated, exchanges trade against you and will wick down and stop you out even when the charts don't reflect that price move, Binance is the worst.
What he is saying is exactly what our suspicion said it would be. And he confirms it. He just words it like in a beautiful manner but still say the professionals do it on purpose. Not a random coincidence, they do it on purpose. Exactly like every retail trader belives.
TRUTH! Sloppy entries makes for sloppy trades, your worst trades are probably the ones that have sloppy entries, which makes them impossible to manage risk properly on. Another good thing is to actually use several levels for your stop, the probable chance of price running thru all of them is then slim, but not impossible of course, but that also needs to be accompanied by a good entry.
The algo hunts me where ever I go. I can switch long and short and long and short and it switches almost instantly. If I set a 2% tp and a 10% SL, I will get 90% lose rate.
I don’t use stops at all, just do what the charts tell me to do on reversals! It retraces of course but only to a certain level then carries on its merry way! 61.8 Fib is normal in a trend buy/sell at that level to get good price.
Easy. If all the retail traders use the same indicators, than all of them will have the same forecasts on the graphs and put more or less the same SL and/or limits. Institutional traders have the liquidity to go against retails traders and influence the market making money.
In the world of investment retail level individuals certainly have their edge over fund managers. But but... In the arena of trading hedge funds and other institutional traders are literally the market movers. They are market themselves.
no shit, theyre not for making money. they are for securing your risk reward ratio and eliminating emotional conflict on the exit. listen to the vid, you are placing them wrong
I have watched this whole playlist for more than five years every couple of weeks ... It's so much value! But until today I am struggling with the change of market structures in all assets! Daily and 4 hr are my focus! But should I implement a 1 week and monthly TF? Does anybody have some good advice or even something to learn about FX in today's markets? RIP Dr David Paul!
This is why I don't use anything else that anyone has. I developed my own setup and work with that. If there's enough volatility I'll enter if not I sit out. Sometimes I get false break outs (nothing is 100% anyone who tells you it is is a scammer!) but I'm making it to where I make more than I lose.
this is common sense folks, the market doesnt give two shits about the fact you put your stops 20-30 pips away from your entry. They only give a fuck about supply and demand levels. if youre in tune with the markets, sentiment/fundamentals, it will become much more clear where these levels are. you will see the the move down is not actually a reversal, but a just a pullback.
Its a good tip,but most of the time you need to wait to see reversal of the market or value gap or candles,so you never know exactly where you can set your trade on the lowest part of the stoploss instead.. You can guess and hope that you hit an orderblock
I make plenty of money with my stops at those levels, it makes sense for my strategy. This is an over simplification. I think the problem is entering at the wrong time, not waiting for the flush which is the real setup if the markets not following through on momentum or if its the wrong time of day or a major market is about to open or close. Just putting an entry because other people have stops isn't a great intraday strategy maybe if you're building into a 1000 contract position with the trend. Take it with a grain of salt, just put your stops where you're most likely to make consitent money it's that simple.
I am a little confused because a candle pattern on a 1 minute chart is pretty much the bottom and a crossover is coming after it so, they are not on the same level. as a day trader I can not imagine an institutional trader can manually open a position faster than me. only machines can do it. institutional traders do not trade the "smoke" but I have learned it. it's really about screen time and a bit psychology. the only edge is a very appropriate money management, nothing more.
Well OK but wouldn't this become a vicious circle? If enough retail traders cotton on, or get brave enough, the institutions will just set their orders lower etcetc
So we’re saying in the Keynesian beauty contest, people only simply need to guess one level down, the other guy (retail), and not what the other other guy thinks.
I'm quite new to this and can't find an answer to my question. But even if everyone started the day setting their stop-loss off the same price - considering everyone's quite different S/L calculation AND the fact that many would be trailing and subject to continuous change - how does a pool of buys (and sells) supposedly gather in one place when the price falls? Thanks in advance!
![[안방1열 풀캠4K] 베이비몬스터 'DRIP' (BABYMONSTER FullCam)│@SBS Inkigayo 241110](http://i.ytimg.com/vi/AQ4RIghEvUs/mqdefault.jpg)
👉 Trade with our Sponsor Broker: Trade Nation www.financial-spread-betting.com/ccount/click.php?id=95 Trade sensibly! 81.7% of retail investors lose money.
👉 We are seeking more contributors who can produce great video educational content about trading for our channel. If you think you have what it takes please get in touch by sending a message to traderATfinancial-spread-betting.com (remove the AT and substitute by @).
👉 It seems a lot of our viewers are non-subscribers. Make sure to subscribe to our youtube channel as we upload regular videos! If you hit the “Bell” icon (🔔) you will receive a notification on youtube every time that we upload a video on our channel. Bell icon hitters are super fans of our channel 🥰
"put ur entry at the stop loss level"
The way he speaks makes you eager to know the next piece of wisdom he'll utter.
Here is an exercise.
The next time you are gonna put a trade on, you pick up something heavy and you just HIT IT IN YOUR HEAD.
And then you write down in a piece of paper where you gonna buy and where you gonna put your stoploss.
Don't buy it, but put an order in to buy it where you would put your stoploss, and then watch how many times the market goes to your order.
MARKETS WILL GO TO THE OBVIOUS STOPS MOST OF THE TIME.
One of my rules is I want to put my entries where the masses put their stops.
This video entirely changed my trading strategy and my win ratio has increased significantly
THE STOP NEEDS TO BE WHERE THE STOP NEEDS TO BE
Every time i setup a trade I hear this voice. Precious video.
3:30 "The Stop Needs To Be Where The Stop Needs To Be" this line sealed my Respect for the Master David Paul
There's more information in what that gentleman said than in 99% of everything else you'll ever hear on the subject.
This lady has learnt quite a lot from this people. I like how she never interrupts them
Sorry to pour out my rants but, another situation is that. Every time I had placed an order, and it went in opposite direction. Price would eventually go into profits within hours or several days. For someone with small account, I’d highly recommend to cut losses quickly, if you have a big account then most likely you already know this secret I’m going to give out, but PRICE ALMOST ALWAYS corrects its self. It just takes patience and some time
Thank you for this billion dollar advice. You won't hear this anywhere else. Many "coaches" keep shoving the usual trading formulas that will never have an edge in the long run.
One of the best videos I have watched so far. Usually good entries are the once you feel uncomfortable taking yet MR. FEAR would whisper "sir wait for confirmation" and that's when you are left with a wide ass SL that's perfectly in the hunting zone.
I tend to leave my stops at 1 ATR below the previous low. It ensures that if my stop is attempted to be hunted, the sell off is guaranteed.
So after years of starting and stopping and giving up I just started realizing this. In fact put your entries a few ticks/pips past where your stops would be. Literally an immediate change in my trading.
This is actually the most valuable piece of wisdom on trading I have ever heard on trading
Virtual stops is the key. I don't want brokers to see my stops
He is very philosophical. I believe one must give the trade an opportunity to work with an initially generous stop loss, then adjust this accordingly as the stock price lifts or levitates.
I just love this man he is a genius that knows how to explain everything so simple and logical
Single most important lesson i have learnt watching... simple , straight....pure wisdom...not exaggerating ...figure out yourself...
"put an order in TO buy it where you wanna put your stop loss" hahaha I love that
This is the best advice I have ever get
Don't forget algorithms who're trying to trigger stop losses.
This man is a living genius
This is why I am pro-active and monitor my own trades without stop losses, would rather loose a little extra than be stopped for nothing.
I love this guy. So full of real knowledge and entertaining @ the same time
3:40 if your entry is sloppy, then your stop needs to be a red bus away" 💀😂 this guy is a treasure
I am my stop loss. I know when a trade has failed.
What you should do as part of your essential tool kit is, is to use an EA that manages your draw down to manageable levels. Its the draw down followed by margin calls that wipe out your account.
I been day trading for 4 months and it is very obvious that the systems recognizes everything you do. So is better to have discipline and be unpredictable
Amazing!!! Telling me just what I need to hear. Got stopped out of a HUGE USDCAD opportunity last night by 18 ticks……… thank you sir.
Great words of wisdom from a good heart wise man.
...."you pick up something heavy and you just go BOOF"...Truly a laugh out loud moment!
Seen other vlogs with Dr David Paul, and enjoyed listening to him talk: he comes across as confidently knowledgeable, without being egotistical, and who doesn't love his Irish accent, but after that hilarious comment I had to google him, only to find he has ties to my native country!
Sometimes its the simplicity of the game that screws us over tbh. It's really not a difficult game to play but the difficulty comes from outside sources.
In crypto where nothing is regulated, exchanges trade against you and will wick down and stop you out even when the charts don't reflect that price move, Binance is the worst.
Ancient & Modern - The Master has spoken!
What he is saying is exactly what our suspicion said it would be. And he confirms it. He just words it like in a beautiful manner but still say the professionals do it on purpose. Not a random coincidence, they do it on purpose. Exactly like every retail trader belives.
TRUTH! Sloppy entries makes for sloppy trades, your worst trades are probably the ones that have sloppy entries, which makes them impossible to manage risk properly on.
Another good thing is to actually use several levels for your stop, the probable chance of price running thru all of them is then slim, but not impossible of course, but that also needs to be accompanied by a good entry.
'08 Weezy bars coming out of this man's mouth.
The algo hunts me where ever I go. I can switch long and short and long and short and it switches almost instantly.
If I set a 2% tp and a 10% SL, I will get 90% lose rate.
Some of the best advice I've heard so far!
I don’t use stops at all, just do what the charts tell me to do on reversals! It retraces of course but only to a certain level then carries on its merry way! 61.8 Fib is normal in a trend buy/sell at that level to get good price.
Easy. If all the retail traders use the same indicators, than all of them will have the same forecasts on the graphs and put more or less the same SL and/or limits.
Institutional traders have the liquidity to go against retails traders and influence the market making money.
Direct speak from Northern Ireland.
I never use Stop Losses. Just sit and observe the price movement. Best way to beat the stop loss algorithms.
1:35 "I don't think that anybody looks at where the stops are" then directly says after that "We know the stops will be crowded at this obvious level"
Stops order provides liquidity :)
I use 3.5 ATR with a length of 5 to 10 for my trailing supertrend. Has been working well.
I always go for 1:1.5 to 1:2 rrr.
This is soooo good, I'm watching it over and over to internalize it. Thanks for sharing it. is there a video of the full interview?
very true, the initial stop loss should not be too tight. you might need to decrease your position size or trade cheaper stocks.
In the world of investment retail level individuals certainly have their edge over fund managers. But but... In the arena of trading hedge funds and other institutional traders are literally the market movers. They are market themselves.
I trade without a stop loss. Stop losses have always screwed me. I have never made money using stops
no shit, theyre not for making money. they are for securing your risk reward ratio and eliminating emotional conflict on the exit. listen to the vid, you are placing them wrong
Every word he said makes so much sense
This old man is SO wise!
I am a retail trader but use this institutional trader strategy, I don't wait for any confirmation.
AWESOME INFO, THANKS CRACKS!!
Put your entries where the masses put their stops"
Soooo Outstanding !!!
Thx a Ton for the Post
I have watched this whole playlist for more than five years every couple of weeks ... It's so much value! But until today I am struggling with the change of market structures in all assets! Daily and 4 hr are my focus! But should I implement a 1 week and monthly TF? Does anybody have some good advice or even something to learn about FX in today's markets?
RIP Dr David Paul!
This is why I don't use anything else that anyone has. I developed my own setup and work with that. If there's enough volatility I'll enter if not I sit out.
Sometimes I get false break outs (nothing is 100% anyone who tells you it is is a scammer!) but I'm making it to where I make more than I lose.
This is GOLD!
This is very revealing.
Thanks Mr David Paul.
Thank you👌👏👏👍
Man your channel blew me out of the water. I am a fish
this is common sense folks, the market doesnt give two shits about the fact you put your stops 20-30 pips away from your entry. They only give a fuck about supply and demand levels. if youre in tune with the markets, sentiment/fundamentals, it will become much more clear where these levels are. you will see the the move down is not actually a reversal, but a just a pullback.
That's why I never use stop losses. Either I'm very confident about a trade before I execute it without any SL or I don't trade at all!
Man this is what I've been looking for.
Simple, but very useful. thanks
Its a good tip,but most of the time you need to wait to see reversal of the market or value gap or candles,so you never know exactly where you can set your trade on the lowest part of the stoploss instead.. You can guess and hope that you hit an orderblock
these videos are excellent once the ideas fully sink in.
Rest in peace Daivd!
MMs and banks always come to trigger my buy limit positions with their huge selling pressures then trends go up.
WATCHING THIS AMAZING INFORMATION 2022...Stil worth it
Nice 1...Put your entries where others put their stop loses
Great video and advise
Great explanation! And totally agree
Gold gold gold gold , thank you universes
Cool, thank you.
I make plenty of money with my stops at those levels, it makes sense for my strategy. This is an over simplification. I think the problem is entering at the wrong time, not waiting for the flush which is the real setup if the markets not following through on momentum or if its the wrong time of day or a major market is about to open or close. Just putting an entry because other people have stops isn't a great intraday strategy maybe if you're building into a 1000 contract position with the trend. Take it with a grain of salt, just put your stops where you're most likely to make consitent money it's that simple.
I am a little confused because a candle pattern on a 1 minute chart is pretty much the bottom and a crossover is coming after it so, they are not on the same level. as a day trader I can not imagine an institutional trader can manually open a position faster than me. only machines can do it. institutional traders do not trade the "smoke" but I have learned it. it's really about screen time and a bit psychology. the only edge is a very appropriate money management, nothing more.
Very wise man. Thanks
Enter were you were going to put a Stop Loss
finally saw this man in hd
Trade by his words at 2.50.will be successfull trader
Well OK but wouldn't this become a vicious circle? If enough retail traders cotton on, or get brave enough, the institutions will just set their orders lower etcetc
very usefull also when the stock decides to plunge past your stop loss which is in plus you still get the full minus hit very painfull and unexpected
Smart guy !!
Very helpful Thank you good advice. Insightful
This is gold.
What is a stop loss..actually for this reason. I don't use them.
This is great stuff
Very important information.
David is smart
This man is very smart and dangerous 🤷
Beautiful video👌
This is really good....
Awesome videos!!!
So we’re saying in the Keynesian beauty contest, people only simply need to guess one level down, the other guy (retail), and not what the other other guy thinks.
I'll remember that..
I'm quite new to this and can't find an answer to my question. But even if everyone started the day setting their stop-loss off the same price - considering everyone's quite different S/L calculation AND the fact that many would be trailing and subject to continuous change - how does a pool of buys (and sells) supposedly gather in one place when the price falls? Thanks in advance!
Many traders put SL on fixed "logical" levels such as supports, resistances, below the lows and so on. Those are the places he was talking about.
simply epic advices