A big thanks to all of you for 20k subscribers, it is truly amazing to get this kind of support! An even bigger thanks to those of you who also participated in the poll regarding which book that I should summarize next. And here it is - I’ll give you “Trading for a Living” by Alexander (Alex!) Elder. A playlist of the greatest beginner’s books on day trading: bit.ly/2RRmXrs
Thank YOU for the summary. You basically helped me read books I've bought but haven't even been able to finish in a few years for whatever reasons. Cheers mate
@Mandan Investments Lol, good luck, US ain't stopping. Much more steady at that, not rapid deflation gonna hit. We see what happens, China USA relationship about to be "severed" xDDDDDD Lets see it.
Perfect summary. Thank you so much for such a great content. I do follow triple screen system & results of it are just amazing. Nearly 80% it rewards you. Handling Emotions is the one area I am working on!
Why should we believe Alexander Elder (or any author) just because he wrote a few books? Where is his track record and trade by trade results? Where can we see them ?
Money Online 99.9% of these ppl are just course pushers, if you need assurance if someone’s legit? Ask them if they have a track record or if they can show a withdrawal.
I think the 2% maximum risk rule needs some nuance. In the example in the video you risk 2% only if you buy $200-worth of stock and it goes to 0. While this is a possibility for options or other leveraged derivatives, that almost never happens with regular stocks. Not in a trading day, at least. Alternatively, you could use $2000 on a stock trade and place a stop loss at minus 10%, thus risking the same 2% of your account.
this is a good one . just as mr pavil Conrad put me through as he profits on my behalf he show me his pattern he uses to earn on my behalf i have been enlighten and i still invest to learn more from him such a good and straight forward man.
I Have two streamed of income my job and pavil Conrad investment platform he have been keeping me going on the bill payment constant profit he have been making for me $17,000 every week since March last year with my investment of $5000 so happy can’t wait to end the year too with pavil com 😁
The market has been in a predominant uptrend for the last 30 years, with a few dips here and there. I have spent a five figure amount on the most sophisticated trading software there is. All of the strategies make money during those uptrends (buy on dips, return to mean etc.), and fail miserable when it doesn't trend any longer. In a nutshell, it's clear to me that those book gurus struck out during those trending periods, and then turn around and peddle the crap out of it to the sheep herd. Like the old saying; "don't confuse a bull market with intelligence..."
This one is good to learn technical analysis and preparing trading system...but "Truth of the stock tape" by W D Gann give you perspective how market moves...how mass psychology workes in market..
Thank you and keep up the good work. that said, 80% of day traders lose money so i dont encourage it and i consider it extremely dangerous. There are other safer ways to invest for a return. I would also add that technical analysis is nothing more than math, which means you are working with probabilities, you have no guarantee whatsoever. Be careful.
Cheers Chauchan010! 😁 Indeed it's a good one! Tied first place among the trading books I've read, I think, together with Trade Your Way to Financial Freedom by Van k Tharp.
The risk example at the end does not make any sense to me. If you wanted a 2% risk on a 10,000$, wouldn't a $200 risk be defined by stop placement and not the number of shares? The number of shares would vary depending on the size of the stop. Equity X Risk% / Risk$ = Shares. (Risk$ = Share price - Stop) .
I am 100% satisfied that I still have a demo acct lol! This was the most insightful crash course as a beginner, that I've seen yet. Thank you so much. Please keep posting this stuff. I subscribed so i can further build my wealth of knowledge for taking actions in the right direction. This was very good. I might need to read this book too.
Trading is hard and takes more time than is worth in my opinion. Unless you have a true passion for it. Best to go with something like dreamfire52 where they do the work for you.
Two thumbs up, Tusla Oklahoma, place of the Black Wallstreet Massacre, it's where I'm from and how I come. Now I know why the United States FED reserve has collaborated with the Wall Street cowgirls against me in the stockmarket daily. It all makes sense now I'm a true descendant of Black Wall Street being oppressed by American aristocrats. The u.s. stock market is down because they don't want to see one black man OG Reggie B win at the game. Now go figure that you don't have to take my word for it, ask somebody in the know. I,m Currently in the stock TQQQ at $70.00 keep an eye on that number and see how long it takes to get back there. I've been in it since 01/01/2022 Racism is Very much alive and active in America's stockmarket, therefore my brothers and sisters of colors and different nations beware.. .. ....
When you talk about 1 tick higher, since your talking about the S&P do you mean One doller, what if in premarket the stock is already higher on open then the day before?
Super video! From an old timer I appreciate the time and effort but its not enough to make us consistently profitable traders am sure a ton of us agree. Ever heard of winxinvest?
It would be Grand to have some sure wins I've been in a pretty bad place with trades I've been losing money I tell myself I don't have do real people stand a chance at making it big in trading? The investment potiential is huge but seem out of reach
@@oscarrodriguez-ym7ev touche @Douglas more insight on this winxinvest you speak of ? Tons of recommended books haven't made reading of algorithms any better. Thank you!
It's easy, you only require a 3k USD minimum to invest The money you use to start up this account is used to trade on the account Mr Winchester has no asses to your money just your trade account When profit is made you split 50/50 paid via $btc PayPal or skrill. It's awesome! very passive income its easy forex and $tock, prior knowledge and his coaching has been helpful I'm more aware of the pyschological constraints around the capital market plus I have more in my savings.I've been a better person. You should see me👍
shareholding pattern of every mutual fund hedge fund/promoter/ rakesh jhunwalan vijay kedia ramdeo aggarwal doubtful (2)payment of dividend ,price of stock/peer comparison/product price/psychology of self&others is trustworthy
I will also refer you to this pro for more forex insight,i made alot of profit with them contact== t.me/joinchat/AAAAAFZpzdxEr1o3XWNPbQ @heinrichFOREXprofits WITH LITTLE RISK JUST WATCH YOUR INVESTMENT GROW!.
I will also refer you to this pro for more forex insight,i made alot of profit with them contact== t.me/joinchat/AAAAAFZpzdxEr1o3XWNPbQ @heinrichFOREXprofits WITH LITTLE RISK JUST WATCH YOUR INVESTMENT GROW!.
go to livetraders channel. he's great. (jared wesley). a great teacher that tells you like it is, repeats himself to make sure you got it, is amusing to listen to, gives hidden knowledge of the stock market since he used to work in a financial bank and best of all you can just watch all his videos and apply it for free, or if you need more help you can join his chat room. or buy book. BUT you absolutely don't have to , he gives sooo much info for free.
Quantity to buy = Maximum risk / stoploss amount Say if you have an account of 100,000 Maximum 2% risk per day. That is 2000. Suppose you are buying a stock of 1000 with stoploss of 10. So quantity to buy will be Maximum risk(2000)/ stoploss amount(10) That is 200 Quantity.
@@TheSwedishInvestorI know i checked your twitter account i just wanted thank you as you are doing pretty amazing job i really like your work here it helps alot
I will also refer you to this pro for more forex insight,i made alot of profit with them contact== t.me/joinchat/AAAAAFZpzdxEr1o3XWNPbQ @heinrichFOREXprofits WITH LITTLE RISK JUST WATCH YOUR INVESTMENT GROW!.
I will also refer you to this pro for more forex insight,i made alot of profit with them contact== t.me/joinchat/AAAAAFZpzdxEr1o3XWNPbQ @heinrichFOREXprofits WITH LITTLE RISK JUST WATCH YOUR INVESTMENT GROW!.
I will also refer you to this pro for more forex insight,i made alot of profit with them contact== t.me/joinchat/AAAAAFZpzdxEr1o3XWNPbQ @heinrichFOREXprofits WITH LITTLE RISK JUST WATCH YOUR INVESTMENT GROW!.
A big thanks to all of you for 20k subscribers, it is truly amazing to get this kind of support! An even bigger thanks to those of you who also participated in the poll regarding which book that I should summarize next. And here it is - I’ll give you “Trading for a Living” by Alexander (Alex!) Elder.
A playlist of the greatest beginner’s books on day trading: bit.ly/2RRmXrs
You're the man! Best channel on TH-cam right now!
Please do the same for "FAKE" of Robert Kiosaky, thanks
keep up the good work!
Thank YOU for the summary. You basically helped me read books I've bought but haven't even been able to finish in a few years for whatever reasons. Cheers mate
How would I contact yourself to have a custom video made for my business? Thanks
The dog/leash metaphor was perfect
🙌
exactly!
Good strategy is Huon Fresne Strategy research it for yourselves.
Trading is much like learning a bycicle 🌹Once you mastered this skill no one can take it from you❤️👌✔️
Like any other skill to be honest but but really difficult to master it,which is why it's always better to start young when you have sufficient time
@Mandan Investments Lol, good luck, US ain't stopping. Much more steady at that, not rapid deflation gonna hit. We see what happens, China USA relationship about to be "severed" xDDDDDD Lets see it.
Good strategy is Huon Fresne Strategy research it for yourselves.
Yes but who "masters" the art of cycling ? Tour de France pro-Runners or me cycling on a sunny sunday afternoon ? :)
God bless you all. I’m learning the ropes 👏🏽😁
Perfect summary. Thank you so much for such a great content. I do follow triple screen system & results of it are just amazing. Nearly 80% it rewards you. Handling Emotions is the one area I am working on!
Great advice. Had to listen very VERY carefully at the point being made at 2:39.
this channel is the best thing that has happened to me. Guys lets support it
Dude! Don’t put explosion sounds in the video! RIP CAR SPEAKERS 🔊 FEBRUARY 28, 2020 🙏🏽
RIP
My condolences
Lol I just experience that too
Lmao stfu no one cares about ur car speakers
Hey that was my birthday
Great summaries: They are very clear, and the graphics are great.
Why should we believe Alexander Elder (or any author) just because he wrote a few books? Where is his track record and trade by trade results? Where can we see them ?
He doesn’t have a track record 😂, he’s just like course pushers on social media except he writes books.
@@runituplor2 They say real traders trade, the others teach.
Money Online 99.9% of these ppl are just course pushers, if you need assurance if someone’s legit? Ask them if they have a track record or if they can show a withdrawal.
@@runituplor2 No doubt my friend, no doubt.
Excellent review I had read the book a few years ago and it really helped with my trading (love the 3 steps system)
are you a profitable trader now ? How you doing
Trading for a living didn't worked so author now tries writing for a living
😂 😂 😂 😂 😂 😂 😂 😂
The guys who made millions trading (they are super rare) aren’t writing no books
😂😂😂😂😂
@John Smith obvious spam & scam if you can get a 1000% return in a week or so by doing nothing then lend your money .
Investing for a living hasn't worked for 10000 years but it "worked" in the last 50 years so now retards think it is the holy grail 😂
I think the 2% maximum risk rule needs some nuance. In the example in the video you risk 2% only if you buy $200-worth of stock and it goes to 0. While this is a possibility for options or other leveraged derivatives, that almost never happens with regular stocks. Not in a trading day, at least.
Alternatively, you could use $2000 on a stock trade and place a stop loss at minus 10%, thus risking the same 2% of your account.
Please continue making more of these, they are so helpful!
Just ordered the newer version. The new trading for a living
Nice channel. Can you do one on “how to make money in stocks” by Will O’Neil?
Super Duper Phenomenal awesome fantastic excellent terrific explanation
One of the best videos on TH-cam
this is a good one . just as mr pavil Conrad put me through as he profits on my behalf he show me his pattern he uses to earn on my behalf i have been enlighten and i still invest to learn more from him such a good and straight forward man.
Please how to reach pavil to help me on my adventure into trading seen a lot of feedback/recommendations. About him ?
Kathy Wesley here consult pavil Conrad consultpavilconrad(a)gmail com
I Have two streamed of income my job and pavil Conrad investment platform he have been keeping me going on the bill payment constant profit he have been making for me $17,000 every week since March last year with my investment of $5000 so happy can’t wait to end the year too with pavil com 😁
Good book
How dose mr pavil Conrad operate dose he take clients from Finland 🇫🇮?
The market has been in a predominant uptrend for the last 30 years, with a few dips here and there. I have spent a five figure amount on the most sophisticated trading software there is. All of the strategies make money during those uptrends (buy on dips, return to mean etc.), and fail miserable when it doesn't trend any longer. In a nutshell, it's clear to me that those book gurus struck out during those trending periods, and then turn around and peddle the crap out of it to the sheep herd. Like the old saying; "don't confuse a bull market with intelligence..."
tube1062 you can also short stocks ;)
Thank you for this great summary! So good I just bought the book right after watching your video.
The Best Pillar of Trading: Inside Information...
I love your summaries on known books! Great job!
This video opened my eyes
This one is good to learn technical analysis and preparing trading system...but "Truth of the stock tape" by W D Gann give you perspective how market moves...how mass psychology workes in market..
Nice summation. Bought thru your link.
excellent Job Congrats! i really appreciate the work you are doing!
12:13
(Account size): $10,000 X (Max Risk): 2% = (Max risk): $200
(Stock Price): $100
(Share bought would be): 2 Max, Not 20
Am I missing something here?!
You're buying at $100, selling at $90. So your net loss is $10 per share. You buy 20 shares so the most you can lose is $200. Makes sense?
You said in the 2% slippage is included but how do you know the slippage upfront?
I love ur summary about this amazing book
Thank you and keep up the good work. that said, 80% of day traders lose money so i dont encourage it and i consider it extremely dangerous. There are other safer ways to invest for a return. I would also add that technical analysis is nothing more than math, which means you are working with probabilities, you have no guarantee whatsoever. Be careful.
Yes, the long-run investment is much better. I like the value investing philosophy, like Warren Buffett, Peter Lynch, etc.
pure gold, cheers from Peru.
Hello bro. I like this animated presentation. Please, can you tell me which software do you use for this presentation?
He uses Videoscribe....the same program that I use!
@@ChrisInvests thanks. Let me look it up
Thank you for this wonderful insight 🙏
Best Book ever..Has everything a trader need. Presented even more beautifully 😊👍
Cheers Chauchan010! 😁 Indeed it's a good one! Tied first place among the trading books I've read, I think, together with Trade Your Way to Financial Freedom by Van k Tharp.
Good stuff. Thanks. Subscribed.
The risk example at the end does not make any sense to me. If you wanted a 2% risk on a 10,000$, wouldn't a $200 risk be defined by stop placement and not the number of shares? The number of shares would vary depending on the size of the stop. Equity X Risk% / Risk$ = Shares. (Risk$ = Share price - Stop) .
I am 100% satisfied that I still have a demo acct lol! This was the most insightful crash course as a beginner, that I've seen yet. Thank you so much. Please keep posting this stuff. I subscribed so i can further build my wealth of knowledge for taking actions in the right direction. This was very good. I might need to read this book too.
Trading is hard and takes more time than is worth in my opinion. Unless you have a true passion for it. Best to go with something like dreamfire52 where they do the work for you.
Most traders don't know their overall XIRR. They'll be surprised to find out they barely keep up with the index with a lot more effort.
very good.. thanks 👌🏽
2% Rule, LEGEND. Salute to #AlexEldar.
1-2% at learning stage, once u master your craft you can go 2-5% or more if you have good betting averages.
Thank you for the great work!
Hello, can you do a video about the book "How to day trade, by ross cameron of warrior trading". Thank you. I enjoy your videos.
Thank you Guadalupe Barrios 😁 Hmmm I might! Especially if Ross Cameron would promote it on his channel ... 😉
Your videos are great mate
🌟
A like from Denmark!
Two thumbs up, Tusla Oklahoma, place of the Black Wallstreet Massacre, it's where I'm from and how I come. Now I know why the United States FED reserve has collaborated with the Wall Street cowgirls against me in the stockmarket daily. It all makes sense now I'm a true descendant of Black Wall Street being oppressed by American aristocrats.
The u.s. stock market is down because they don't want to see one black man OG Reggie B win at the game. Now go figure that you don't have to take my word for it, ask somebody in the know. I,m Currently in the stock TQQQ at $70.00 keep an eye on that number and see how long it takes to get back there. I've been in it since 01/01/2022
Racism is Very much alive and active in America's stockmarket, therefore my brothers and sisters of colors and different nations beware.. .. ....
Hi.. nice video.. may in know what software did you use to create this?
thank you for your effort to make summary video.
XDDD the explosion sound with the goofy music
Thx
When you talk about 1 tick higher, since your talking about the S&P do you mean One doller, what if in premarket the stock is already higher on open then the day before?
ty
💸👊
i’m very close . very little self thrills gambles rarley happening now
how's it going now
2:40 this scared me 😂
A Good strategy is Huon Fresne Strategy research it for yourselves.
One of the greatest information of ur youtube channel . All information covered by u.. nice thanx...
Very very nice video sir 👌
Can you do the training code by jason cam
Great job.
Why I don't understand sales books.
Can't find your video on Trading in the zone.
thanks for the analysis of the book .
that blast sound wasn't necessary
Very good friend.
Thanks!!!
Cheers Lorenzo! 😁
Your breakdowns are helpful and insightful. Have you done one on real estate investing yet?
Glad you like them Brandon! I haven't yet done anything on real estate, is there a particular book that you have in mind?
Super video! From an old timer I appreciate the time and effort but its not enough to make us consistently profitable traders am sure a ton of us agree. Ever heard of winxinvest?
I like the sound of that, do you really win and invest? What service does it offer?
It would be Grand to have some sure wins I've been in a pretty bad place with trades I've been losing money I tell myself I don't have do real people stand a chance at making it big in trading? The investment potiential is huge but seem out of reach
@@oscarrodriguez-ym7ev touche @Douglas more insight on this winxinvest you speak of ? Tons of recommended books haven't made reading of algorithms any better. Thank you!
It's easy, you only require a 3k USD minimum to invest
The money you use to start up this account is used to trade on the account
Mr Winchester has no asses to your money just your trade account
When profit is made you split 50/50 paid via $btc PayPal or skrill. It's awesome! very passive income its easy forex and $tock, prior knowledge and his coaching has been helpful I'm more aware of the pyschological constraints around the capital market plus I have more in my savings.I've been a better person. You should see me👍
technical analysis is like astrology but for men
good one
Super sir thanks for your service
I am right 60-70% but my SL is hunted again and again then going to target. 😢😣
Trade the Markets With an Edge
---------------------------------------------------Book
What's with the loud effects...Don't put them in your videos or adjust the volume accordingly
a very good and simple analysis, if you could do the analysis about the reminiscence of stock operator it will be very helpful
Great video. Sounds effects are too loud in comparison to your voice.
Cheers Slanted Eyes! Thank you for your feedback!
shareholding pattern of every mutual fund hedge fund/promoter/ rakesh jhunwalan vijay kedia ramdeo aggarwal doubtful (2)payment of dividend ,price of stock/peer comparison/product price/psychology of self&others is trustworthy
I will also refer you to this pro for more forex insight,i made alot of profit with them contact== t.me/joinchat/AAAAAFZpzdxEr1o3XWNPbQ @heinrichFOREXprofits WITH LITTLE RISK JUST WATCH YOUR INVESTMENT GROW!.
I will also refer you to this pro for more forex insight,i made alot of profit with them contact== t.me/joinchat/AAAAAFZpzdxEr1o3XWNPbQ @heinrichFOREXprofits WITH LITTLE RISK JUST WATCH YOUR INVESTMENT GROW!.
This is so get tnks
Thanks for this upload. Keep it up.
Cheers stevolukic! 👌
I was falling asleep until I heard that explosion RIP EARS
Kudos to those who’ve figured this out ive been studying watching vid after vid learn since last year and I understand nothing
go to livetraders channel. he's great. (jared wesley). a great teacher that tells you like it is, repeats himself to make sure you got it, is amusing to listen to, gives hidden knowledge of the stock market since he used to work in a financial bank and best of all you can just watch all his videos and apply it for free, or if you need more help you can join his chat room. or buy book. BUT you absolutely don't have to , he gives sooo much info for free.
No profitable trader has 50 short term positions at any one time. At least not if they have a clue what they're doing.
Great 🙏👍
Video rất bổ ích
12:20 how is he getting the 20 max share number. Im confused. Smh lol
Quantity to buy = Maximum risk / stoploss amount
Say if you have an account of 100,000
Maximum 2% risk per day. That is 2000.
Suppose you are buying a stock of 1000 with stoploss of 10.
So quantity to buy will be Maximum risk(2000)/ stoploss amount(10)
That is 200 Quantity.
You should not be trading if you have to ask...
Hi which software you use to make these animated drawing ✍️ videos??
Poor Freddy lmao
Wow super excited
cool
100/ correct
Don't you use any social media?
Haha, barely. I have a Twitter-account but I want to focus my energy on TH-cam at the moment 😁
@@TheSwedishInvestorI know i checked your twitter account i just wanted thank you as you are doing pretty amazing job i really like your work here it helps alot
Thank you.
me
This is one confusing trading system
A1
Bad enough to disseve but to disseve youraelf is hopeless.
What do you prefer?
Long term investing=like
Trading=comment
"Freddy is fat"
Ummm... Is this the right video? Haha.
I will also refer you to this pro for more forex insight,i made alot of profit with them contact== t.me/joinchat/AAAAAFZpzdxEr1o3XWNPbQ @heinrichFOREXprofits WITH LITTLE RISK JUST WATCH YOUR INVESTMENT GROW!.
hi may I ask what is the link for your mark douglas book takeaway please
I will also refer you to this pro for more forex insight,i made alot of profit with them contact== t.me/joinchat/AAAAAFZpzdxEr1o3XWNPbQ @heinrichFOREXprofits WITH LITTLE RISK JUST WATCH YOUR INVESTMENT GROW!.
Are u indian?
I will also refer you to this pro for more forex insight,i made alot of profit with them contact== t.me/joinchat/AAAAAFZpzdxEr1o3XWNPbQ @heinrichFOREXprofits WITH LITTLE RISK JUST WATCH YOUR INVESTMENT GROW!.
Since this video, Freddy has lost all his extra weight and is now a personal trainer.
🤣🤣🤣
Love your videos. Pull out the extra sound effects (boom, ouch) and it’ll be even better
Great video thanks for the upload. This book is a must read/listen for anyone wanting to learn about trading.
Man i was wearing headset .. Baam 💣💥