"once you are in a losing trade ,your brain starts looking for the reasons to avoid the negative feedback from closing out a losing position." This Really Hit Me ,And a Great Lesson Learnt .
I have been a trader for over thirty years and this is some of the BEST advice I have come across. Newbies should watch this 100 times and memorize it! Thank you!
Im just ending my first year at a 27% loss, though ive ended November and december at around 10% profit so im going to say im out of a lot of these mistakes and have something working for me now. If you could start again, as in youre a new trader, what would you do differently? (Of course im assuming youre profitable if youve done it for over 30 years)
@jackc1196 I was just curious I been trading for over a year, and everybody I follow seem to have started around 2015. I was wondering what we can expect in a market like the current, just looking for some advice from someone who experienced in these times
@@jeremybachan5916 I think 2023 will be an epic opportunity for traders. I trade ONLY SP500 futures (ES) due to liquidity, almost 24/7 trading and diversity. So trends are easy to see. We are in a bear market and probably will be for months, so there will be lots of opportunities on the short side and some terrific long opportunities as it bounces it's way down. I think we can all make tons of money this year. Follow the suggestions on this channel. They are excellent.
@@jeremybachan5916 Also, watch "99% Of Scalpers Missed This “Double VWAP” Hack (VWAP Heiken Ashi Trading Strategy)". I use a VERY similar model and it works perfectly - my winning trades are 80% and I do 3-5 per day and stop trading. Rinse and repeat. Do the same thing every day (that makes money) and as your account grows scale up the amount you trade. Listen carefully to his video and pause and study what he is saying.
I bet people hate hearing that it will take 6-12 months to be successful trading, but in reality 6 months is absolutely incredible. People go to school for 4-10 years...
even open a physical business, one day without enough customers, we are losing money on staff wages, electricity, water, and maintenance. if not ready for losses, then you better be an employee and receive a monthly salary until you retire. this is a total mindset change.
I am a relative newcomer to the markets, and I’ve come to believe that nothing beats aid from an active seasoned trader who provides you with good entry and exit points and properly manages risk on your behalf as well.
Certain kind of intelligence and proper backtested strategies is required to succeed at this. And I've accepted that I'm not one of the profitable ones. Trading is inherently risky and complicated
You are looking at investing from the wrong perspective. Here is a question: would you try to beat a pro baseball team as a newbie? You can't beat the pros in the exchange market for the same reasons. They have the knowledge, the experience AND insanely deep pockets; you do not.
Got into the markets, 7 months ago and I’ve been able to increase my net-worth by an order of magnitude, thanks to an active 7-figure veteran trader and risk analyst, his techniques and analysis secure me consistent passive income in the markets while I pursue my passion. Good man! ^_^
14minute squad! great content primarily but for me the biggest lesson of 2022 in the stock space: Nobody knows what is going to happen next, so practice some humility and follow a strategy with a long term edge.
Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.
@@garybutler7877 < I believe the word here is Uncertainty... it took me 5 years to stop trying to predict what bout to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline
Trading for over 20 years and still learning. Great video full of knowledge. The temptation to trade when there is not a trade was my nemeses in the beginning. Always know your stops and preset them, especially on the closing side. If not greed/emotions will get you every time. Keep the great videos coming.
Every every every man on the earth should see this video... Not only listen, but mark each of advice and lay on desk... Repeat DAILY! Its like 600 pages book in few minutes... Thanks a lot
Man I really appreciate you. When I watch these impactful vids I feel like you are talking solely to me as opposed to an audience. Thank you for helping me become a better trader quickly!
I have been trading for years and have seen so many "experts" tell us how their trading course is the answer. This truly is the best I have ever seen. Also the best channel.
This channel provides the best clues for beginners. I have been watching your videos and I am buffled by the quality of the editing and the illustrations as well. I particularly enjoyed your comment about being a logical person... I am like that and it is some times very hard for me when I can't seem to find an answer to a move in the asset I am trading.. In any case, very good video. Keep up buddy !
This came just at the right time. Ive been paper trading for 6 months and want to make the leap To real money. I feel confident but nervous at the same time. Thank you so much for your insight
Golden information rarely mentioned by other traders. Much needed video to start the new year right. As a rational person, the last point really hits me. Looking forward to more gems like this in the future!
This channel is priceless psychology so important also philosophy in Trading essential thank you so much your videos are the gift that keeps on giving❤💯💯💯💯💯💯💯
People are inherently emotional and this affects their relationship with money. New traders find it difficult to sever this relationship and make logical trading decisions. As was pointed out in this video, it's the wishful thinking, and not sound money management, that keeps traders in losing trades while watching their account balance evaporate! Thanks for another wonderful video.
Take your profits. You can always re enter. I prefer to increase my account balance which ultimately increases your margin capabilities. If you see a strong momentum in you trade direction use a trailing stop to lock in your profit. Peace of mind is key. I rather trade 25 trades taking smaller points then looking for the big. hit unless it's really spparent your trade is going to fly. Yes. Know your market. I only trade one. US30. You create a feeling for it. I know guys that have several positions in different markets. That's dangerous in my opinion
Same comment as Jake C although I'm a rookie compared to him, these advices are gold in bars. It was a good reminder to watch them again so thank you very much 🙏 Stay humble in win as in defeat, and backtest moar if needed 😎🔥💪
Wow such a key video for us on the start of the year ! Happy New Year and lets catch some happy pips and may our goals will be reached by learning and discipline for 2023 Lets go ✌🏽❤️
For those people who is fear of losing money, take note that thing will leave you anyway because it's not for you to keep, it never was yours. Its just your turn to spend
I will learn as much as i can and surely defeat my fear emotions one day by being a successful trader. Thank you sir for providing great content all time.
As you mentioned , "Intuition" takes time to develop . Until then , it's just "In to wishing" . I'm paraphrasing a quote form Ed Seykotas interview with Jack D Schwager , author of Market Wizards .
As always one of the best content when it comes to Forex. Proud to have you as a co national and with such a valuable educational. Hopefully you're reaching 1 mil subscribers very soon. La multi ani!!
Phenomenal. Always the best trading advice. More videos like this please. Perhaps examples of trading patterns and how you interpret the psychology behind some classic patterns. Much like your 'trapped traders' advice videos, which have revolutionized my personal trading strategy. Thank you! Advice on when to take profit, and when to just lower your stop loss into profits in hopes of a continued trend. In the long run does it make you anymore successful than a consistent take profit at an earlier exit? such as always taking profit when a trade is up at 25% or 50% and so at times winning with a long wick, and other times watching the market continue in a direction after you are already out of the trade. 🙏
Ok I'm 6 mins into the video. I have a hard time trust supply and demand zones. I don't even know how one determines them. I don't have access to "Bookmaps". I just rely on my MACD indicator and I exit right before my signal switches on me and take my small 10-30 percent. Now my biggest angst is not knowing how far price can extend. I rarely ever see myself daytrading and holding a position to 100%. Least it's on a day on the daily at a key point of resistance or support. Where can I learn solid information on this that's lucid. SMB traders isn't cutting it when it comes to concise well spoken explanations.
"once you are in a losing trade ,your brain starts looking for the reasons to avoid the negative feedback from closing out a losing position." This Really Hit Me ,And a Great Lesson Learnt .
👍
I have been a trader for over thirty years and this is some of the BEST advice I have come across. Newbies should watch this 100 times and memorize it! Thank you!
Im just ending my first year at a 27% loss, though ive ended November and december at around 10% profit so im going to say im out of a lot of these mistakes and have something working for me now.
If you could start again, as in youre a new trader, what would you do differently?
(Of course im assuming youre profitable if youve done it for over 30 years)
@jackc1196 I was just curious I been trading for over a year, and everybody I follow seem to have started around 2015. I was wondering what we can expect in a market like the current, just looking for some advice from someone who experienced in these times
@@jeremybachan5916 I think 2023 will be an epic opportunity for traders. I trade ONLY SP500 futures (ES) due to liquidity, almost 24/7 trading and diversity. So trends are easy to see. We are in a bear market and probably will be for months, so there will be lots of opportunities on the short side and some terrific long opportunities as it bounces it's way down. I think we can all make tons of money this year. Follow the suggestions on this channel. They are excellent.
@@jeremybachan5916 Also, watch "99% Of Scalpers Missed This “Double VWAP” Hack (VWAP Heiken Ashi Trading Strategy)". I use a VERY similar model and it works perfectly - my winning trades are 80% and I do 3-5 per day and stop trading. Rinse and repeat. Do the same thing every day (that makes money) and as your account grows scale up the amount you trade. Listen carefully to his video and pause and study what he is saying.
@jackc1196 thanks for responding
I bet people hate hearing that it will take 6-12 months to be successful trading, but in reality 6 months is absolutely incredible. People go to school for 4-10 years...
even open a physical business, one day without enough customers, we are losing money on staff wages, electricity, water, and maintenance. if not ready for losses, then you better be an employee and receive a monthly salary until you retire. this is a total mindset change.
I am a relative newcomer to the markets, and I’ve come to believe that nothing beats aid from an active seasoned trader who provides you with good entry and exit points and properly manages risk on your behalf as well.
Certain kind of intelligence and proper backtested strategies is required to succeed at this. And I've accepted that I'm not one of the profitable ones.
Trading is inherently risky and complicated
@@curious-chris The end point is getting profit, how do you mean though? Do shed more light.
You are looking at investing from the wrong perspective.
Here is a question: would you try to beat a pro baseball team as a newbie? You can't beat the pros in the exchange market for the same reasons. They have the knowledge, the experience AND insanely deep pockets; you do not.
Got into the markets, 7 months ago and I’ve been able to increase my net-worth by an order of magnitude, thanks to an active 7-figure veteran trader and risk analyst, his techniques and analysis secure me consistent passive income in the markets while I pursue my passion. Good man! ^_^
That’s remarkable!
A trader willing to share his winning strategies, I’m asking can you by chance name your coach. Who do you work with?
you have the absolute best video on youtube for traders hands down
Appreciate it! 👍
This is the Best Tips for trading it's far more greater than smart money concept
👍
14minute squad! great content primarily but for me the biggest lesson of 2022 in the stock space: Nobody knows what is going to happen next, so practice some humility and follow a strategy with a long term edge.
Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.
@@garybutler7877 < I believe the word here is Uncertainty... it took me 5 years to stop trying to predict what bout to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline
Happy New Year to "The Secret Mind".
Happy new year!👍
real intuition comes with years of experience and time put in to recongnize chart patterns, that statement is really true,
👍
Trading for over 20 years and still learning. Great video full of knowledge.
The temptation to trade when there is not a trade was my nemeses in the beginning.
Always know your stops and preset them, especially on the closing side. If not greed/emotions will get you every time.
Keep the great videos coming.
Absolutely!👍
this is the best trading video ive ever seen, thank you
Wow, thanks!👍
Great vidéo, i did all of the mistake since the begining of trading ( 1years) and this video open my eyes. Thanks you very much🥰😜
Every every every man on the earth should see this video... Not only listen, but mark each of advice and lay on desk... Repeat DAILY! Its like 600 pages book in few minutes... Thanks a lot
👍 Appreciate it!
Don't trade and you will be ahead....99%of traders lose money....that is the only good advice.
Man I really appreciate you. When I watch these impactful vids I feel like you are talking solely to me as opposed to an audience. Thank you for helping me become a better trader quickly!
Appreciate it! 👍
This is the most important trading video every produced on TH-cam! 🙂
I have been trading for years and have seen so many "experts" tell us how their trading course is the answer. This truly is the best I have ever seen. Also the best channel.
► Join TSM Academy: thesecretmindset.podia.com/academy
► FREE TradingView Pro with BlackBull Markets: go.blackbull.com/visit/?bta=35247&brand=blackbull
may i ask why 6-12months? why not 1-2years, 3-6months etc? tnx.
Any BlackFriday Sale Coming up ? :D
"You can't know the outcome, only probabilities". Too bad all the "market predictors" out there have never heard of this concept.
Great video!!
Boom👍
This man is just spiting the truth
Great work. Thank you for sharing your experience and how your losses have made you a better trader.
After almost 3 hours i done studying this video. I appreciate your video man thanks!
👍👍
Best gift for us to start a new year,God bless you 🙏
👍
This channel provides the best clues for beginners. I have been watching your videos and I am buffled by the quality of the editing and the illustrations as well. I particularly enjoyed your comment about being a logical person... I am like that and it is some times very hard for me when I can't seem to find an answer to a move in the asset I am trading.. In any case, very good video. Keep up buddy !
Happy to help!👍
Thanks for all your time, efforts and continuous support
👍
As Allways >>>> Simply Magnificent
👍
This video goes straight to my favorite playlist! Thank you.
👍
Great advice.
This came just at the right time. Ive been paper trading for 6 months and want to make the leap
To real money. I feel confident but nervous at the same time. Thank you so much for your insight
👍
Thanks for all the amazing contents last year. Cheers to all my traders out there🥂. Happy New year and blue skies this year.
You are a true professional
Golden information rarely mentioned by other traders. Much needed video to start the new year right. As a rational person, the last point really hits me. Looking forward to more gems like this in the future!
👍
man you are absolutely right, I need to get away from groups and twitter for a while they are playing with my thoughts
👍
This was a great video. Thank you!
I almost watched each film in your channel., very appreciated, what's the software you used to edit animation of films ? Looks quite amazing 👍
Interesting and informative 🇯🇲
Please breakdown everything about volume spread for VSA indicator
Thanks for this 👍
You have a great and informative channel.
👍
Great video for the start of the year. Hits a lot of mistakes and thoughts of being a trader. Happy New Year sir. Thank you for this video. Cheers!
👍
Excellent wisdom. Results: it depends.
👍
Thank you brother
The most comprehensive way of explaining the trading psychology for beginners and for enthusiasts as well. Very premium content video. Thanks
👍
Thank you. Happy New year.
👍👍
Thank you so much for all videos and for your time and your advices......Happy new year 2023 to you and your family.....
Happy new year !👍
This channel is priceless psychology so important also philosophy in Trading essential thank you so much your videos are the gift that keeps on giving❤💯💯💯💯💯💯💯
So nice of you👍
Amen brother, preach 🙏
People are inherently emotional and this affects their relationship with money. New traders find it difficult to sever this relationship and make logical trading decisions. As was pointed out in this video, it's the wishful thinking, and not sound money management, that keeps traders in losing trades while watching their account balance evaporate! Thanks for another wonderful video.
Well said! 👍
Finally subscribed! Thank you for the great info!
Awesome! Thank you!👍
👍
Precious video for me. Saved the video 🤠
👍
Always Quality! 👌
I try👍
this is really useful
Take your profits. You can always re enter. I prefer to increase my account balance which ultimately increases your margin capabilities. If you see a strong momentum in you trade direction use a trailing stop to lock in your profit. Peace of mind is key. I rather trade 25 trades taking smaller points then looking for the big. hit unless it's really spparent your trade is going to fly. Yes. Know your market. I only trade one. US30. You create a feeling for it. I know guys that have several positions in different markets. That's dangerous in my opinion
👍👍
Same comment as Jake C although I'm a rookie compared to him, these advices are gold in bars. It was a good reminder to watch them again so thank you very much 🙏
Stay humble in win as in defeat, and backtest moar if needed 😎🔥💪
As always the best trading tutorial on TH-cam, such a deep observation and years of experience you have to understand this kind of deeper stuffs ✨
I appreciate that!👍
Thanks for sharing your knowledge.
Multumesc pentru informative de calitate
Cu placere! 👍
The content as always is 👌👌👌👌👌💥💯💥💯
Glad you think so!👍
Thank❤🙏 you sir👍.
Most welcome👍
The way you explain awesome
Thanks a lot 👍
Wow such a key video for us on the start of the year !
Happy New Year and lets catch some happy pips and may our goals will be reached by learning and discipline for 2023
Lets go ✌🏽❤️
👍👍
Quality of the content is more important than quantity of the videos.
Excellent 👍 video and presentation.
Keep going.
Happy new year 🎊
Thank you so much 😀
Thanks for this video...this is priceless man
👍
In this video I listened the wisest and most inspiring words to aplly in trading and life as well. Thank you so much for this💪
Glad you enjoyed it!👍
For those people who is fear of losing money, take note that thing will leave you anyway because it's not for you to keep, it never was yours. Its just your turn to spend
👍
Happy New Year. May you have many successful trades.
Happy new year!👍
Excellent piece of advice ❤❤❤
👍
Excellent video. Thank you
i am interestedin trading. I am on the fence about what school to go to. Please send recommendations. I want to get started right away.
i love your videos , they are definitely among the highest quality and key ingredient in consistent profitability, information is spot on accurate!
👍👍
Hello i'm new in forex trading. Thanks for very impormative video that you have shared. Very helpfull for me.
I will learn as much as i can and surely defeat my fear emotions one day by being a successful trader.
Thank you sir for providing great content all time.
Always welcome👍
Happy New Year! let's goo!
Thank you ❤🙏
Well done. 100% correct
👍
What is the screen your viewing with the patterns ? I don't know much about trading?
Thank you so much for this content,it's indeed an eye opener to many secrets about the market
👍
Happy New Trading Year!
AS ALWAYS THANK YOU SIR FROM BOTTOM OF MY HEART.
Appreciate it 👍
Last Point was best!
👍
As you mentioned , "Intuition" takes time to develop . Until then , it's just "In to wishing" . I'm paraphrasing a quote form Ed Seykotas interview with Jack D Schwager , author of Market Wizards .
👍👍
Your videos 📹 are very Helpful, keep up the good work!! 👏
👍
Excellent content!
👍
As always one of the best content when it comes to Forex. Proud to have you as a co national and with such a valuable educational. Hopefully you're reaching 1 mil subscribers very soon. La multi ani!!
You rock! La multi ani! 👍
Good tips it's a marathon not a sprint
Great video. I’m new to trading and these concepts really help.
Phenomenal. Always the best trading advice. More videos like this please. Perhaps examples of trading patterns and how you interpret the psychology behind some classic patterns. Much like your 'trapped traders' advice videos, which have revolutionized my personal trading strategy. Thank you!
Advice on when to take profit, and when to just lower your stop loss into profits in hopes of a continued trend. In the long run does it make you anymore successful than a consistent take profit at an earlier exit? such as always taking profit when a trade is up at 25% or 50% and so at times winning with a long wick, and other times watching the market continue in a direction after you are already out of the trade. 🙏
Next video will cover stop loss hunting traps 👍
Spoiler alert!!!!!!!!!
Ok I'm 6 mins into the video. I have a hard time trust supply and demand zones. I don't even know how one determines them. I don't have access to "Bookmaps". I just rely on my MACD indicator and I exit right before my signal switches on me and take my small 10-30 percent.
Now my biggest angst is not knowing how far price can extend. I rarely ever see myself daytrading and holding a position to 100%. Least it's on a day on the daily at a key point of resistance or support.
Where can I learn solid information on this that's lucid. SMB traders isn't cutting it when it comes to concise well spoken explanations.
loved the video, keep up the good work 😊😊
Thank you! You too!👍
hey if anyone knows the app at 6:55 I would appreciate it
This video so good
Great video. Many points in the video reminds me of the book “trading in the zone”, which you’ve recommended earlier.
👍
Happy New Year 🎉
Happy new year👍
That is exactly what the Press will say.
5:23 the name of the music track please
Nice.
Thank you! Cheers!👍
hello great video, what app you use to edit your videos?
hello can you all do the simplest supply and demand video for 2023 please. do you all have a free signals group
Thank you so much, I love your videos.
You are so welcome!👍
The Truth is Stranger than fiction ...
5:25, 9:43