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This has been probably the Single Most useful video I have ever watched on trading. It teaches so many things (risk management, trade management, stop loss and exit strategy) in such a simple language which just makes sense. Especially, the part about "5 types of trade" and killing your most profitable trade is so true. It has helped me a lot and I can't help but keep coming back to see this. Thanks you for uploading.
This is the channel I never regretted to have subscribed to. Tons of useful real life experience presented in an easy and understandable way. But I must say that this video tops all the 100+ I have seen here. Many thanks for making it available to us.
About 80% of the time, I make about 1.5 times my SL and even run into 1:2 RR. but it turns and hit my SL. Proper targeting has been my problem. Just this morning I let 106pips on Brent oil turn into loses and hit my 30pip SL. I'll learn to use this idea very well. Thank you very much.
most useful info that 99% of these BS youtube videos, all they talk about is how to grow your account and how you can turn 1000$ into millions. What this guy is saying is what i been doing for 6 weeks now, 50$ wins over and over and few 120$s or ... my account is up 33% already
Great video and great interview. Solid, clear and simple. The fact that the guy uses the analogy of trades being as his sons, tells you how deep he thought about the issue.
This was EXACTLY what i did this morning. Had I have held on to what I KNEW would happen on price I would have pulled 50 points. Still had a good day but frankly could have had an AMAZING day and had the rest of the week off!!! Still, tomorrow is another day!
Just came across this video while looking for some word on stop loss after being stopped out several times in my trades without a loss or very little profit. I guess my impatient was beginning to weigh in on me. After watching and listening the video, was encouraged to know I am on the right track. With my trading experience, I could easily relate to the issues raised in the video.The best video on stop loss explanation and other related issues. Kept it short & simple. Good examples used along the way. It has ideas that are relevant now and then. Was the course of how to identify and handle the five types of trades ever made?
It means your confidence to enter a trade without stoploss. You will become a master of entry when you know you dont need a stop loss. You have well researched your entries.
What a great video. I am getting set up to start swing trading and the advice that you provide here will be part of the foundation that I start from. Again, I have to say, great video, in the top 1% that I've seen. Thank you
if you put your stop losses to strict, you end up accumulating a bunch of losses. that's the way it is, you must risk something in order to get anything.
The best way to do it is if your trades have equal SL and TP. If one trade can bring back three losses, then that same trade can take back three profits.
Yes think of it in a mechanical way have a rigid take profit and stop loss and you will be trading like a casino to make consistent profits over a long period of time
Moving a stop loss to break even as soon as possible is playing not to lose rather than not to win, you may get taken out on noise before the market goes in your favour.
You may be an expert trader but I disagree with your method. Agreed the trailing stop loss is a very good strategy to ensure profits and minimize losses but the profits that an average trader can make from this technique are very less. My thinking is that u have to give the stock freedom, if you restrict them (for your short term profits) you are not utilizing their full potential. Keep a fixed stop loss way below, let the stock move freely and eventually you will reap huge benefits if you have the patience.
I did just that : I put in a trade on Thursday and it immediately went against me. It kept falling and I got a feeling to get out, but I wanted to "believe" in my stop (something I learned in the past) so I held and I finally got stopped out with a thousand dollar loss by Tuesday. Got to "listen" to those hunches. Believe it or not, we KNOW what's right, but we get stuck on things we've "learned and get screwed. Great video. One for my file.
If you think thousand dollar loss is too big for you to emotionally handle it, why did you put your S/L at that level, even you think the S/L must be there, then you should sized your position. Nothing wrong with what you learned, its how you applied it. Hunch trading for gamblers, they never fold when they on a winning streak and they double down when odds are against them.
Listening to those "hunches" is why 90% traders don't come out alive. The more well defined your system is, your hunch will have no place for good. And we might on some occasion know what's right but most of the time you wouldn't. And your losses will be greater when you are wrong compared to your profits when you would be right. If trading based on hunches really amassed anything, retail traders would be making money all the time.
How do you deal with stop losses in after hours and pre-market, especially around earnings. Prices can move a lot outside of regular trading hours and stop loss triggers are not triggered
I always seem to keep raising mine too tightly and get stopped out on a little pause or pullback before it moves up again. Still really struggling w/that one.
Half of people tell you to move to breakeven the other half tell you to accept the risk of a trade. They both tell you it's common sense. Correct money management is different for every person/strategy. Backtest your shit and decide for yourself. Don't just take some confident guy in a suit on the internet's word for it.
👉 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 🥰
One of the best and realistic videos you tube. just find low risk entries and keep doing all day, week,month. your account will grow and grow
Yep! Preserve your capital. Make loss avoidance your priority and the wins will take care of themselves.
Are u still profitable?
I don't know anybody watch this video recently, this is really realistic video out there. At first, I did not understand him, he is truly genius.
This has been probably the Single Most useful video I have ever watched on trading. It teaches so many things (risk management, trade management, stop loss and exit strategy) in such a simple language which just makes sense. Especially, the part about "5 types of trade" and killing your most profitable trade is so true. It has helped me a lot and I can't help but keep coming back to see this. Thanks you for uploading.
This is going to be my trading bible. Simple explanation yet profound. Thank you Mr. Mir!
This is one of the best trading videos ever! Watched it several times! :)
Zak Mir is really good. I met Zak when he was with Sucden in c.1992 and have been very fond of him ever since.
This is a great video! This guy talks sense.
Absolutely practical advice. I wish I watched the video two years ago. It could be a life changer. Thank you Mr Mir. You are the top man.
This is the channel I never regretted to have subscribed to. Tons of useful real life experience presented in an easy and understandable way.
But I must say that this video tops all the 100+ I have seen here. Many thanks for making it available to us.
yea the way they think about things is great, their perspective i mean.. it shows their experience
This is the best trading video I've seen in years, excellent advice!
Commonsense isn't common ,this advise proves that . Truly great advise .
Wow, didn't realize how helpful this video was the first time I watched. Thanks for the upload!
The key is to stay consistent with what he said.
With consistent application it is a game changer for sure.
This has to be the single best advice I’ve come across in a while, can’t wait to implement it!
This video is the golden nugget.
About 80% of the time, I make about 1.5 times my SL and even run into 1:2 RR. but it turns and hit my SL. Proper targeting has been my problem. Just this morning I let 106pips on Brent oil turn into loses and hit my 30pip SL.
I'll learn to use this idea very well. Thank you very much.
most useful info that 99% of these BS youtube videos, all they talk about is how to grow your account and how you can turn 1000$ into millions.
What this guy is saying is what i been doing for 6 weeks now, 50$ wins over and over and few 120$s or ... my account is up 33% already
What do you trade?
How much are you making now....... And did you get a comb for your hairy ass arms with the money?
what is your % gain at now?
Hi, is this strategy still working for you?
They're the one I like
£1 to £1 billion in 1 month
So much of positivity in this video. Zak Mir is a deep guy. Thanks Zak
After ten years still very very relevant .Thanks Zak.
I watched this video early last year but didn't really grasp what he was talking about. A year later am back and I can relate everything.
Great video and great interview. Solid, clear and simple. The fact that the guy uses the analogy of trades being as his sons, tells you how deep he thought about the issue.
Definitely one of the best videos on this channel. Thank you!
Nice one Zak, great sense as always.
One of the most useful videos I've ever seen on youtube about trading!
thank you...Mr Zak Mir.." invest smart , keep it simple..!!!! "
Great video. Took me 8 years to learn. ☺️
Great so I have 7.5 years to go...
Whattt🙁
MrTruth111 8 years to learn trading
Zak is the man who knows the FIVE!!!!
Excellent and timeless advice 👍
This was EXACTLY what i did this morning. Had I have held on to what I KNEW would happen on price I would have pulled 50 points. Still had a good day but frankly could have had an AMAZING day and had the rest of the week off!!! Still, tomorrow is another day!
This is the key. I will listen to this everyday. My style
No-nonsense trading right here ! This guy knows his stuff !
i exit with RVI just like mark teached me, and its very effectiv
Finally, someone answered the question I've been asking youtube for 2 years... Thanks!
Good point,put stop loss after small profit.....
Just came across this video while looking for some word on stop loss after being stopped out several times in my trades without a loss or very little profit. I guess my impatient was beginning to weigh in on me. After watching and listening the video, was encouraged to know I am on the right track. With my trading experience, I could easily relate to the issues raised in the video.The best video on stop loss explanation and other related issues. Kept it short & simple. Good examples used along the way. It has ideas that are relevant now and then. Was the course of how to identify and handle the five types of trades ever made?
It means your confidence to enter a trade without stoploss. You will become a master of entry when you know you dont need a stop loss. You have well researched your entries.
Wow great advice. This guy knows his stuff. You confirmed something I was thinking about all the time (moving the stops asap)
Thank you
My FAVORITE trading video!
This is one of the best videos ever for a beginner traitor to watch this man is extremely intelligent
Great advice... I listened to this more than one
Pure gold right here.
Very useful. About to watch again. Thanks.
What a great video. I am getting set up to start swing trading and the advice that you provide here will be part of the foundation that I start from. Again, I have to say, great video, in the top 1% that I've seen. Thank you
Taking profit is easy, not being greedy is tough
This is excellent advice and makes complete sense.
this is a great video , straight to the point , basics are everything
I love these interviews!!!! So much sense!
Easier said than done. Institutions spend so much time shaking us out, moving to break even gets you caught most times.
Loved the plane and child analogy,.😄
Hi Mr Zak, I really like the analogy of the children. touche'. hhhhh spot on what you said. excellent video thank you.
Excellent advice, thank you
Best advice ever on stop loss
Eye opening for us beginners. Very good explanation Sir.
This is great! Truly practical. And actually possible to apply.
wow...this is some really good insight. Im in the process of trying to execute exactly this consistently.
EXCELLENCE, but few so-called traders will really understand what he really said
Excellent video! I swear I always prefer when a UK citizen explains something to me over anyone else in the world.
Thank you for the video.
Absolutely love this video; thank you.
Great advice. I wonder if Zak put together a course on those five types of trades. Golden words on money management.
Lol.. the fact that I’m in a trade in a trade right now and I can’t stop looking at it is funny 😂 Walk away boy!! 😂😂
Great simple comments.
Absolutely solid advice, I've experienced everything that he has said.
Thanks 😊
Best trading Advice EVER!
Awesome video, excellent advice...Thank you Sir.
if you put your stop losses to strict, you end up accumulating a bunch of losses. that's the way it is, you must risk something in order to get anything.
Great video, big fan of Zak
The best way to do it is if your trades have equal SL and TP. If one trade can bring back three losses, then that same trade can take back three profits.
Yes think of it in a mechanical way have a rigid take profit and stop loss and you will be trading like a casino to make consistent profits over a long period of time
This guy makes a lot of sense
Great vid, excellent information, subbed!
Moving a stop loss to break even as soon as possible is playing not to lose rather than not to win, you may get taken out on noise before the market goes in your favour.
Great guy, very realistic advice.
GREAT VIDEO THANKS! PERFECT
You may be an expert trader but I disagree with your method. Agreed the trailing stop loss is a very good strategy to ensure profits and minimize losses but the profits that an average trader can make from this technique are very less. My thinking is that u have to give the stock freedom, if you restrict them (for your short term profits) you are not utilizing their full potential. Keep a fixed stop loss way below, let the stock move freely and eventually you will reap huge benefits if you have the patience.
Thank You!
I don't know what it is but he has ....got ....it!
thank you
very very helpfull, thank you
well explained sir
Such big nuggets here
I did just that : I put in a trade on Thursday and it immediately went against me. It kept falling and I got a feeling to get out, but I wanted to "believe" in my stop (something I learned in the past) so I held and I finally got stopped out with a thousand dollar loss by Tuesday. Got to "listen" to those hunches. Believe it or not, we KNOW what's right, but we get stuck on things we've "learned and get screwed. Great video. One for my file.
If you think thousand dollar loss is too big for you to emotionally handle it, why did you put your S/L at that level, even you think the S/L must be there, then you should sized your position. Nothing wrong with what you learned, its how you applied it. Hunch trading for gamblers, they never fold when they on a winning streak and they double down when odds are against them.
Listening to those "hunches" is why 90% traders don't come out alive. The more well defined your system is, your hunch will have no place for good. And we might on some occasion know what's right but most of the time you wouldn't. And your losses will be greater when you are wrong compared to your profits when you would be right. If trading based on hunches really amassed anything, retail traders would be making money all the time.
Very ,very ,very good video
I wonder how true it really is with the children part
That is the best one. The fact that the guy uses that analogy, tells you how deep he thought about the issue.
Excellent video!
Great channel 👍🏻👍🏻 subscribed
how quickly should i move my stop loss to my buying point ?
Excellent!!!
Excellent
very useful videos
How do you deal with stop losses in after hours and pre-market, especially around earnings. Prices can move a lot outside of regular trading hours and stop loss triggers are not triggered
2:09 - 2:12
Thank you for chat with you in TH-cam
Sound advice.
I exit half qty when i feel scared of reversal and for rest half qty trail SL to breakeven and let it run till i get 1: 4 RR
loved it
I always seem to keep raising mine too tightly and get stopped out on a little pause or pullback before it moves up again. Still really struggling w/that one.
Half of people tell you to move to breakeven the other half tell you to accept the risk of a trade. They both tell you it's common sense. Correct money management is different for every person/strategy. Backtest your shit and decide for yourself. Don't just take some confident guy in a suit on the internet's word for it.