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- เผยแพร่เมื่อ 6 ต.ค. 2024
- How to LEARN how to trade. LEARN.
I have MANY prop firm payouts, but I'm not a trading-guru who sells courses. See the best firms ranked and compared here (and discounts) - www.imantradin...
Click that link above to see why I use some of these firms;
MyFundedFutures - myfundedfuture... (coupon code Iman is ALWAYS the highest discount)
TradeDay - members.traded... (coupon code Iman is ALWAYS the highest discount)
My free website for everything-trading; stop paying for stuff!! www.imantradin...
Extra videos and early access to videos: / imantrading
My Twitter: / imantradingyt
ImanTrading Discord server: / discord
Discord server ONLY for prop firm traders: / discord
Second channel for live trading: / @imantradinglive
Third channel for posting whatever I want: / @imanidiotimanidiot
My email: imanktrading@gmail.com
Instagram (not active, sorry) - / imantradingfutures
Prop firm links are affiliate links, which supports me at no extra cost to you. These are “products” that I personally use for trading.
Risk disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
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Please watch this linked video instead - it is the far more accurate and updated version th-cam.com/video/994Rv9UXi9Q/w-d-xo.htmlsi=R3OzKKOQJSKT7rPs
Day Trader Next Door is no longer a recommended channel after selling a course and only uploading wins for 3 years.
so i wonder what happens if i use ' Imantrading100 ' do i get 100% off lol
Dude I’m a us30 trader of the past 6 years and recently found your channel. All I got to say is not only do you genuinely know what you are talking about, but you are one funny guy😂. I’m talking about the little bleepers and funny things you say. Keep up the honest work bro! Love it
Haha thank you!
What is us30??? Lol
@Dtrader671 I beleive its what traders in other countries call the Dow Jones.
suttle humor with a lethal blow to the frauds
@@Bubs0271 yes lol it is listed as US30 but is the Dow
needed this boss, thankyou
thanks for your videos man
Well explained 💪🏼
Great video
Very interesting idea !
I actually did this one accident. 2.5 years of 10+ hour days in front of the charts. One day it just clicked. I can teach my setups to other people, but I cannot teach them how to avoid losses the way I do, because i'm not even certain of how I do it.
Thanks! Isaac, I love your humor and the fact that you’ve likely saved me tons of time, money & frustration with this trading journey. Your hard work is greatly appreciated!
Wow, thank you so much! That’s incredibly kind of you :)
Really good stuff 👍
I started trading this year. It’s been very difficult and stressful. Id go as far to say this is by far has been the hardest thing in my life. I have a bachelors in neuroscience so I really appreciate these videos. ❤️
Very cool degree! You might like this video then :) th-cam.com/video/zCB46e5T6E4/w-d-xo.html
No joke, I have a masters in cognitive neuroscience and I have been trading for 2.5 years but still not profitable. You are right that this is by far the hardest thing I've ever tried.
The psychology is something I struggled with at the start too, after a while, you will switch that off, the clarity will improve, both on the charts and reading them and also as your amygdala is now no longer blocking your intuition centres. Stress triggers cortisol, insulin and adrenaline, we can't 'feel' when we are in this emotional state.
Contact me via Telegram or Instagram...I would happily guide and provide some key tips for free. I won't charge as other scammers here in chat who do bashing for some Mr and Mrs for Crypto etc
I’m currently studying nursing lol
From the bottom of my heart! Thank you so much for all of your videos!!! I appreciate it big time!
Great video.
cheers my bro
Perfect.
But atleast a newbie would have to know "how to play the piano" The basic thing. One just can not be a good piano player just be getting a piano and keep playing it randomly
This should be required watching for all new sign ups of all online brokers.
Every beginner needs to watch this
I agree with the title of the video
Damn homie. I started off watching the trading gurus you exposed. They were inspiring and made me feel like I could truly become successful, so I’ll give them that, but I stopped watching them and have been trading for a few months and realized that you are really just stating the truth. I’ve been getting better every trade, feeling more comfortable with the losses, having some back to back wins some days and big losses on others, but I truly feel like it’s all in my brain, the same way you are just good at video games or working on a car etc. - anyway I love your approach and honesty and I know you and I will become profitable as fuck. Thanks dude
Is he really selling a course? Damm I really liked day trader next door.
1:52
I'm not sure if you've ever heard of a futures trader on TH-cam named Vinny E-Mini. I've been following him off and on since he started in 2016. He has an algorithm that he sells that is amazing over his students. I haven't got it yet because he sells it for around 10k but from what I've been reading from his students who bought it a while back, they're still very happy with it and most are doing great. That would be the ONLY algorithm id EVER think about purchasing.
bro, this is by far the best channel about trading i found so far
You are indeed a good teacher God bless you, but please can you make video about fundamental analysis wether is unique technic to use in forex market?
Real Talk, this *is* one of the best videos
To be honest, a video like this needs to be watched MULTIPLE TIMES, and I don't mean on a continuous loop.
Like once every 3 days, get a few nights of sleep in between, to really let your subconcious be formed to the ideas/truths presented
One thing I have learned about learning is that, even if English is your first language, and you COMPLETELY understand (AND BELIEVE) this message being said, it is very possible that your previous learnings PREVENT YOU from carrying out these new things that you wish to follow.
Some of my best "Ah-Ha!" moments, were when I realized that a statement which I completely memorized and ABSOLUTELY believed to be true & NECESSARY in order to reach consistent trading success, STILL wasn't actually being followed within my actual trading decisions.
I guess this is why Mark Douglas preached to start with mechanical trading instead of intuitive. It will take a person a while to get to that point, but in the meantime, mechanical is the only thing left to be consistently profitable.
Literally the key right here. Nothing beats intuition gained from experience.
I’m not profitable yet either but I have this urge to not quit and see it through. I know it’s coming
Great video
How is it going man?
The limbic cortex is the part of the brain where it helps define if something "feels" right or wrong. It's also heavily involved in emotions... Basically, this is why intuition can often be in conflict with fear.
epic video fam👽
I’ve spent 2 year learning how to trade just to find out I don’t need to spend any more time and just buy the market.
I've been on the trading journey for a little over a year now. As someone who has burned out on all the trading books/videos/etc... and decided to just tune in to naked price action, this is a big encouragement. Thank you.
@ImanTrading what do you think of Al Brooks?
Thank you
GOAT
3 years of videos and education and I just came to this video to realize I haven’t been profitable because I don’t trade enough… hit me like a fucking rock
thank you so much, i wish I see this earlier
I come from an online poker background (loads of common ground). I was posting to recommend a book by Jared Tendler called "The Mental Game of Poker" which is a bible for the mental mindset when playing. However, I just visited his website and discovered he has written a new book called "The Mental Game of Trading". I've read the former but not the latter but I have no reason to think the trading book will not be as helpful as the poker book.
Bro hope your channel grows x100. You give some top tier insights for us stupid apes. Keep it up 🫡
I stumbled on you recently…and you truly resonate with me and what I’ve been thinking/feeling…thanks for the “frankness”
Happy to hear that :)
Casper smc seems very legit, very new channel, proper trader , but this was a great vid , thanks
Do I see a lot of your videos focus on what doesn’t work. Do u have videos about what IS working for you? 😊 thank you
I disagree about the trading courses. Some people use courses as a mere stepping stone. Even if all I learned from a course was terminology, that still puts me further ahead than I was before. Which is actually quite important for developing that coveted intuition you're talking about. That intuition is built out of all kinds of information sources. Some small part of which, could actually be a course. You're right, no amount of courses will make you a master. But a good course will definitely give you a much needed leg up, so that you're further along the path to finally becoming a master.
true, but also all information given in paid courses is already out there free on yt
It's like uni. It gives confidence which is what gives you the edge more than the learning.
@@Exito.618 Sure. You're paying for the convenience of a course. Unless you find "the guy" on youtube, and you may not, a good course is probably still the right way to go. With a course it's all cobbled together for you. On youtube, there's a high likelihood that you have to assemble the information yourself from various videos and different uploaders. Which costs you time.
I thought I was the only in the Internet not buying courses or subscribing to signal services. Not because I discovered the same things you talk in the video early but because I'm just cheap. Of course this forced me to learn things by myself and now I'm grateful for that. After about two and half years unbelievable hard work I'm finally becoming (consistently ?) profitable.
Btw. thanks for these videos. I like them. Refreshing to see somehow similar thinking and things that are not going with the current. And they even make me laugh every now and then.
Everything is subjective. Subconscious is something we don't understand
I've been studying trading for about nine months now. Any number of times, I've thought I was stupid and inferior and worthless for losing trades. Looking at losing as part of the process of learning helps.
Falling off is part of the process of learning to ride a bicycle. Too bad there are no training wheels for newbie traders.
Hi Iman. I would love to see a video on why almost everyone wins at sim accounts but then sucks once they have the evals
I hope new traders watch this video before watching anything else.
This is excellent information. 23 years ago I married my Portuguese wife. I had a handful of lessons in the beginning but didn't make much progress. Over the years I have been exposed to the language regularly despite living in the UK.
I now speak Portuguese fluently to the point that sometimes people ask how long have I been in England because my accent is too English 😂 They refuse to believe I never had formal lessons. I would have been faster living in the country, so really the more exposure, the faster the learning curve...
I don’t know if you will see this but after spending hours of my attention span learning technical analysis all for this gem to come out saying experience is the best technical analysis you’ve saved my life
OK, so the summary is: Just do it!
But, do you really learn something by going thru millions of hours of experience? If price action is essentially random, is there anything to be learned?
Price action isn't random, but it is impossible to predict perfectly. You can roughly estimate the path of a hurricane, but there are too many variables to get it exactly right.
Thanks for this video Iman. I was debating on paying 12k for a course because of the success of the trader and his team who is selling it, and what he did for other traders. I will start applying implicit learning to the market and price action to start, and go from there. The market will ALWAYS be there. Again, Thank you for the information you are putting out there.
did you not have any consistancy with itc method??
Another blessed video, thank you Iman this is extremely beneficial!
Truth shall be told... Agree with this.
You're the best
No you are
Mate, I came to this realisation just a week or so ago too. During a webinar about a basic pullback strategy, the chap highlighted what price he would enter at and what sort of price action he was looking for to confirm entry. He knew what he was looking for and where, according to him, a low risk entry would be. That bit of the puzzle can't be taught.
I won't start trading with real money but will be dedicating at least a couple of hours everday to just looking at price action and try to develop an understanding/feeling/intuition for it.
But how do you get that feeling or intuition, do you just look at charts or what?
@@rqarrow4221
Learn strategy and stick to it
How does this video not have more views? I guess because its not clickbait and you speak the truth. Thank you for taking the time to make this video! IMO, I think a lot of people watch trading videos for the entertainment and risk aversion or avoidance of spending their own money, but of course a lot of people also do exactly what you said in your video.
Thank you so much! And I think you’re absolutely right.
Let me make a quick example. If you’re studying mathematics. You don’t study and master one section. The curriculum is made of multiple different sections and concepts. The exam will test your knowledge on all covered concepts. So you cannot just focus on one section just because you feel it’s most important to you. You may pass that section but you’ll fail the exam and the module… 95% of People who are learning to trade only want to focus on charts, yet there are other concepts that are VITAL in becoming a professional trader.
I cannot describe how true and beneficial is this
You can code intuition, pattern recognition and learning. It's called AI. It can't predict market direction. But it can give you probabilities and that's all you need.
Good validation for the Nick Shawn approach.
Keep things simple and control risk!
I wouldn't say trading courses are useless more like there are the little important first steps to trading, that if *legit* they give you a bit of direction. Trading course are like the little support you get from your parents when you first ride your bicycle, it assisted you and gave you the confidence to do something new and hard. Yes, most of the work comes from your own hard work, but that small push at the start is necessary.
You probably are the most intelligent youtuber I've ever listen and I think you are very young. Good for you!!
That’s very kind of you, thank you! I’m 22
I was a bit disappointed Matt from DTND started selling a course too precisely because his approach is so much about having a market feel that no course could teach.
if i only saw this video 4 years ago...truth is in this video
I am extremely surprised by this video, in a good way. This competitive programmer called Colin Galen (has a yt channel), talks about learning as well. Nobody else makes a video about learning in general even if it so incredibly important, I personally often pondered how I learned things and how I can IMPROVE learning because that's how growth happens. I would like to thank you for your work, and for this thoughtful video. Hopefully, more people become aware of how learning works and become a better, smarter person in general!
Brodie has drowned 3x in this life-time. You can hear it in his voice, he's been thru some sh*t and is now just riding it out. Thanks for droppin some gems tho 🙏
Where have you been all my life? I wish I knew this earlier, so I have been wasting my time for the past 2 years
I watched many trading videos, but that's how I found your channel. Maybe it wasn't only a waste of time
This is really the best trading video I have ever watched......
htat makes sense
This is very good advise. I started applying the same principles of putting in the time to practice and improve my trading skills after an experience with a video game, which I found almost impossible at first but then, after 100 hours, found myself mastering it; I began to recognise the patterns and develop better awareness. Trading certainly requires more time than that, but that's what it takes to begin to understand the language and circumstance of the charts. My win rate has been improving gradually week on week, just have to grind it out.
Love to hear you say that. I hope everyone else is able to make that connection to video games.
Yes, trading is the only way to truly learn how YOU trade. However, I would argue that not all strategies can be coded. Raw TA is entirely subjective and requires the human to decide where they want the lines - I'm not sure how you could possibly cover that. I struggled with understanding how TA was beneficial until I realized that it's a self-fulfilling prophecy of sorts. If most traders draw their lines the same way, then they're all expecting it to happen and place their trades accordingly.
Having started early on developing trading bots and jumping from one strategy to the next, this is blowing my mind! And it makes sense, of course! I remember my first driving lesson. Took about 2 minutes for the guy to tell me what each pedal does and how to shift gears (explicit memory) and before I knew it I was driving on the street, sweating bullets (implicit memory). I'm still very biased towards extracting rules and putting them into a bot that can not only trade, but do it in terms of passive income, even while I sleep. But then again, I might just be knocking on the wrong door. You're certainly opening my eyes to a whole different way of doing things! I'm very grateful for that!
Thanks for the video Iman, i like the example you give about learning to ride a bicycle. On the other hand, I don't agree that you have to throw yourself without having a minimum of basics. Trading is all about understanding the context (what is the price action doing) you have to have so much screen time that at some point reading the price action becomes like second nature (like riding a bicycle) . It's like the jazz virtuosos who improvise, but they all start at the base by learning the basics of the instrument (in our case, the basics of price actions). You can only improvise when you have a basic minimum. I advise any beginner to take an interest in the work of Mack, a former student of Al brooks (PATS) or Al brooks (but it's much more complicated and tedious, Mack has created a system that is much less complicated to master technically but which requires a LOT of screentime for price action to become second nature) It is a "system" but which is based on the context more than on this or that "pattern", in short you learn to read the language of the price (price action)Good luck everybody
The day trader next door looks like he picks and chooses which days he trades OR he only shows the days that he has winners. Which one is it? If he shared his Net Liq then there would be no question about his success. I am skeptical that he makes money day trading to say the least.
I wish this was the first video I watched before I started. I laugh on how I used to trade in the beginning using so many indicators and those so called "best indicators". Just show up and after every trade journal your trade. Make a discord channel and track your journey. Through your own trial & error it will click trust me. 8 months in for me and just trading SPY everyday, I feel like I haven't learned much but looking back at my old trades that ii tracked i made some huge progress. Trust the process!!
Yo yo yo do you have a telegram channel ??? I’m defiantly down to join
Wish i had watched this 14 years ago (deep sigh) OK, let's move on...
Thanks 🙏
In my opinion there is something funny about Wisdom (or informations in this video). you must know it already to be able to konw it! I mean a completely amateur has a hard time to understand what you are saying!
By the way this the most true and useful video I've ever seen in youtube about trading. Thanks.
I disagree, partly anyway. Having gotten value from paid trading courses I can say some(not all) courses are worth it.
Yes, intuition, I agree is a huge factor and loads of practice and hardwork is needed , and the most valuable courses I have gone through lay emphasis on practice, data gathering and developing your own style/intuition.
However, without some of the concepts taught in these courses, guidance given on what to/how to practice and examples shown. I can say that my progress and understanding would not have come this far.
Yes, for sure, watching videos alone won't help, the main skill comes from practice. But if you don't know what to practice or are practicing the wrong things then you are going to have a hard time.
Good courses break down concepts in a way that's easy to understand, guide you on how to go about developing your understanding and skill, and offer access to mentors and communities that can help you iron out any difficulties you might be having. Some even offer a roadmap to guide you from complete noob through to gaining competence and eventually becoming really good.
Yes practice and direct experience is key but the journey can be made so much easier with the right guidance that good courses offer. I speak from my own personal experience, seeing my own progress after going through several courses.
Agreed here. Without mentorship and guidance you're essentially trying to learn from scratch. A surgeon wouldn't just start operating on someone - they would go through intensive schooling and mentorship first. I agree with a lot said in this video but there's too much distrust in education lately. I can understand why though. That being said- education without action is meaningless.
Im a 24 year old software engineer on stable ground. I recently discoverd the pull of trading and have been trading on a demo account... i am up 1k on around 5 trades.. i feel the intuition but and am thinking about making a youtube channel documenting my journey, maybe i succeeed maybe i fail either way it could be interesting.. i just came from your "exposed trader guru profits" video haha
Hi Isaac,
What do you think about order flow, have you ever tried?
This is actually the most important trading video lol
This stuff is like thinking outside the box.
Time, dedication, practice.
10,000hour rule
Ive learned to play instruments. You cannot learn by reading advice alone. Only thing that works, is practice and time. This vid is %100 on point.
Wow, great video. I’ve been trading since 2009 and do it full time now and never really realized this until watching this video.
It makes absolute sense. Very well articulated
Thank you very much, and very happy to hear from someone with a lot of experience.
What time frame do you trade on and what is the length of your average trade?
@@5updates686 did you just started?
My personal hang up, as I’ve been struggling for years, is that I don’t know how “possible” it is to become a consistently profitable day trader. What if it’s possible, but in the same way that dunking a basketball from the foul line is possible? Never give up, keep practicing! But what if I’m a sucker just chasing a TH-cam mirage? Not sure if likening price action to a language is correct, it could be, idk…or it could be a different language every day, week, or month. People can go from being consistently profitable to consistently unprofitable too.
Def one of my fav videos by you. Trading is in my opinion like 10% explicit learning and 90% implicit learning. More people need to hear this !
This is so true, i am backtesting the same strategy for over 350 trades, in the betonning there was bareley any intuition, but now i start to see things better, the same strategy works better after hours and hours of practise
And Its the same for other skills ive practised for years
Good stuff some of your statements are debatable, but look up "Inner Circle Trader" on TH-cam
Why I put videos like this on repeat for a few hours.
Great stuff! but i dont think Day Trader Next Door() is selling anything. he does have a email list where he sends you his "cheat sheet". but i haven't seen anything about him selling a course?
Thank you. It’s on his website,
www.daytradernextdoor.com/store
The faster you can accept (ego doesn't want to accept being 'wrong') that the trade is going against you and close it out ASAP for hopefully a 'small loss' the better off you will be. Then, your winners will have a chance to allow for positive days, and generally positive (Green) month over month. At least that was one of my problems when I started years ago. I agree, trading is 90% mental/emotional and 10% technical. Best To You All !
you’re about to get more attention on this video
Haha how come?
its very true. my trading indicator that i coded does not backtest well unless it is curve fit. whereas if i use the indicator in a discretionary manner i am able to extract positive expectancy. its crazy stuff
Great channel! It's very refreshing to see someone not trying to sell some magic bullet and actually giving helpful advice. Keep up the great work 👍
I appreciate that Marty, thank you :)
can implicit memory for trading be mastered through backtesting rigorously? well the data is there, and by watching how the past price action moves beginners can improve their "intuition accuracy" being on par with other veteran traders. Would appreciate any comments on this 🤔🤔
So basically a strategy can almost never be 100% technical? it always has a subjective part attached to it that only traders with a developed intuition can manage to master?