Once you actually start trading live and start to have profitable weeks/months. These kind of videos will really start to make sense. So if you don't think it's helping you now, just come back when you're knocking on the door of consistently profitable
This is quite educational. It's crucial for newcomers to keep in mind that the financial markets are highly irrational in the short run. You should constantly be ready for the unexpected. That is how chance operates. Because of the inherent risks in the market, I always favor long-term investments.
These uncertainties will always be there. Thing is, every once in a while, the market does something so stupid it takes your breath away. If youre not ready for it, you shouldnt be in the market business. or get you a skilled practitioner.
Such market uncertainties are the reason I don’t base my market judgements and decisions on rumors' and hear-says, it got the best of me in the year 2020 and had me holding worthless positions in the market. I had to revamp my entire portfolio through the aid of Heather my financial advisr, before I started seeing any significant results happens in my portfolio. Been using the same advisor since then and I’ve scaled up almost a million within 2 years. Whether a bullish or down market, both makes for good profit, it all depends on where you’re looking…
@@lipglosskitten2610 Not bad at all. I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market. Could this coach that guides you help?
@@hermanramos7092 Finding financial advisors like Catherine Morrison Evans who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
@@lipglosskitten2610 Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
Please I need someone to help me trade or invest the forex or crypto market because I'm tired of trading in losses myself. I've blown my account twice and it's frustrating.
I've been trading with her signals for the past three months after buying different courses and still ending up blowing accounts, I'm now profitable and I'll be investing with her soon
Her success story is everywhere. I keep on hearing expert Mrs Naomi. name being mentioned here and Twitter. Does she really worth the credits and reviews?
I’ve been watching SAM DEYMON channel for the past couple of weeks. I’ve learned so much and just want to say THANK SAM. You inspired me to start dropshipping and pursue my goals in business. Best of luck to you and your future 💯
value your perspective and content!!depending on this current administration is a total failure I really have a question For someone with less than $15,000 to invest, how
Amazing seeing others Trading with Mr Sam, I sta'rted my inve'stment wit $15,00'0, we grown to $55,0'00. This is absolute genius. Thank you for providing such sincere and informative guidance. I like that you said to set a goal and plan this year by reading a book or an annual report, for example! Sam Deymon seems very proficient, I'll be writing to him shortly.
I am addicted to your videos. The most precious advice I have ever been given in my entire life! And the most precious facts as well. Thank you Sir, you are a game changer
This is just the way things are! 90% of the people who trade just don't have the capacity, patience and understanding when it comes to making money from the market. If you wan't to be successful, concentrate on being the 10%!
This part is why I have maxims. 1) I don't look at price it's a tertiary byproduct. 2) sellers want to sell and buyers hesitate so if it's a tie the prices will still fall.
What kills a lot of traders is the shady workings of the broker they are trading with, particularly with the currency markets because not all brokers want to see their clients make money, despite the claims. In forex, Gain Capital was the worst at taking out stop losses with magical shooting star trades within minutes of you logging off your computer for the day or not having any activity for a while, and of course the market was going in your favor, hence why they wiped it out. That and their margin calls when you didnt put in a stop loss were like a double whammy.
11:59: there is no such thing as a holy grail technique to make winning trades consistently 12:00: always press your winning trades harder and quickly get rid of your losing ones! 😒
In a few months or no time people we definitely be kicking themselves regret for missing the opportunity to buy bitcoin or invest in any cryptocurrency
I don't believe this. It could be the situation for some, yes, but the reason why 90 % lose is not because of this. They don't all feel fear, they don't all take profits early, they don't all average down. And thatvthing about driving a car. Well how long isbit gonna take to be a good driver then? 80 years? Also. There is something called statistics. If I investigate 100 trades. 40 % of these reaches 2R. 29 % reaches 3 R or even higher. Just as an example. Instead of listening to fear. Maybe I should look into statistics and see what will earn me the most money. It is quite obvious that taking a profit at 1R will not be the answer. I don't believe that you should read 15 trading books to be successful or attend 9 seminars. The answer is in analyzing.
i disagree respectfully. All the videos i see are telling you to scale out instead of building a position. If we 'hope' or 'believe' a moving average or any other combination of indicators is going to help us outsmart highly trained experts in the financial markets who have access to the latest data, business profile insights, high speed multi-million dollar algo-trading systems and other advantages that we don't have in this trillion dollar industry, because it helps us see a setup that they can't, then we are nothing short of deluded.
@@DJKloop hope or believe? Backtests and forward tests shows there is an edge. Yes, that can change in the future. However the history is what we have to work with. It is like you don't believe this is possible and that we have to do some magic guesswork of when we are aligned with banks and institutions. I don't exactly know what you mean, but if you mean that the market looks like it is going in one direction and then suddenly goes the other direction. I don't think it happens that often. My stop loss is relatively wide and it will sometimes handle the move in the wrong direction.
@@SSEnrich forward test ? that's nonsense for a start. Unless you mean to demo test a strategy for a year to see if it's profitable which is no different than back testing. It does not mean it will provide the same results again. You are still in the dark, you are still 'hoping' it will work. The back tested strategy may have had an 'edge' in the past which doesn't mean it will have an 'edge' in the future. All you can hope for is that the system you are using may show profitability for the time you use it. So there is no 'edge' unless you call having wide stops an 'edge' then in which case you 'hope' it's big enough so you don't get stopped out. Have you ever been stopped out? of course you have. If you haven't, then you are 'hoping' your trade will stay profitable. So you don't have an edge, just hope. Belief is something you kid yourself with. People believe in God, i'll say no more. But Institutions trade as they wish. They don't follow trendlines, they only follow liquidity. People draw a trendline and if it touched a certain amount of times then they buy/sell. The banks know this and if there is not enough liquidity in the direction it is going then guess where the next pit stop is going to be? The market is a beast looking to be fed and will go wherever the biggest piles of food are (orders/stops). People call it stop hunting, but in reality it's not. It's just the market looking for food. If you know where the food is, then maybe you will have an edge. But sometimes it's not hungry or it's not tempting enough. So again we are back to being in the dark. Strategies are just coin tosses over time, sometimes you win, sometimes you don't. This is why you see 'guru's' showing you their 'only strategy' that has made them millions. Why would they do this? because it doesn't work anymore because the market no longer works they way it did 5 years ago. And it will constantly change in the future years because more advanced algo programming will make market predictions for us retail traders in the future near impossible.
@@DJKloop I will take my chances. The markets must stop trending and stop being range bound for you to be right. It must constantly look like it goes one way and then go the other way. When you adjust to that they must know it and they will make markets seem predictable and straight forward again. A strategy or a use of indicators or tools is a reference point. So you do things the same over and over again. Preferably you have several strategies. No strategies and entering the market blindly makes the chances of succeeding worse.
@@SSEnrich Regardless of how many patterns or trend directions or rangebound conditions the market goes through. There are only two outcomes. Will it go up, or will it go down? Ok you use a different strategy in a different market phase. But you still have to let that phase play out to see what phase it enters in to and then it may well change out as you wont know how long it lasts and that strategy you pick for that phase may not be profitable in that instant so you are always on the back foot. I'm no trying to 'poo poo' yours or anybody's trading strategy. Just telling it as it is. This is why probability comes in to the game. Probability is a 'best guess' at an undetermined outcome and not a promise. Even with all the confluence, it can still turn into a bad trade or a non winner you have to cut losses from. So back to my original post. If you are in and winning, capitalise on it like the guy in the video says instead of scaling out like 99% of all videos out there tell you to. We are in this to make money and lots of it. Greed shouldn't be frowned upon as a bad trait because it's the only thing that will keep you in this game. It may be a bitter pill to swallow and go against some of our beliefs but it will keep you profitable. Happy trading and long may you profit ;)
Negative habits like procrastination, distractions, and doubts may all be broken in order to help you reach your life objectives and save money for investments. In order to help you change these poor habits and make prudent financial decisions, you can also engage with a professional.
@@aarnavfarhan8737 Fomoing and jumping into cryptocurrency without direction are two common problems that inexperienced traders run into, and it never ends.
@@jamalraymond1074 Yes, I agree with you; nevertheless, it's difficult to find a competent trader these days. You definitely need an experienced mentor to help you.
@@CatalinaTaylor-gt5jx Well, Karim Elias Karim and I have been working together, and his platform has developed into a fantastic backup to my assets, so even if the whales decide to play with our emotions, I'd still be safe:)
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
My advisor is Dawn Maureen Humphrey she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
I am going to look her up, I have about $81k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again.
I came here to learn how to invest after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.
It is possible to produce superior performance provided you do something different from the majority. However most of us tend to pay more attention to the shiniest position in the market to the cost of proper diversification.
Having monitored my portfolio performance which has made a jaw dropping $370k from just the past two quarters alone, I have learned why experienced traders make enormous returns from the seemingly unknown market.
@@wilsonbrown8993 Interesting, I have a lump sum doing absolutely nothing at all in my bank account, I wanna get something started with it. You seem to be doing excellent for yourself, how do you achieve this?
@@TideV2 thank you! This is good advice . unfortunately I can only set trades and I need to go back to work and with family so monitoring the charts is impossible for me.
For all you beginner traders out there, this is the only ''strategy'' you need to master. Nothing else. Master your emotions and you will win in this game, big time. Thanks Tom and CMC team.
@@mp38111 TH-cam by far is the best resource for knowledge, it will take some time for you to succeed but it's worth it. My advice is to master one strategy and stick to it for as long as possible.
Wow. The 'everything hurts' notion makes so much sense. You can't predict the market directly, but the market reflects human behaviour and humans want to avoid pain. So making money requires you to do the opposite and embrace pain.
Watch this again and again and again. More and more will resonate with you and it will change you, the only weak link in your trading. It worked for me and I’m grateful for the freedom this has led to. Retired from my job and live off a 3k portfolio that generates about 1k a month, sometimes even more.
You should get a side job and reinvest those earnings, in 12 months with compounding interest of 30% a month your le looking at around 42,000 at the end of the year. A 30% increase on that is over 12,000.
This guy is talking bullocks by saying you won’t make anything from technical analysis, I can sit with him and I will place a trade and it will do exactly that, takashi kotegawa and Richard Dennis that he quoted was fully 100% technical trader, this guy is super confused making a fool of himself and quotes a guy but hasn’t read his book. People make money different ways, there is no right and wrong way of making money
Congrats I’m fascinated with investing, as a single dad these things are quite difficult. Invested $ in few sectors but haven’t seen any profit yet. Do you think I’m missing out something?
@@ChristopherMCRaymondJust because there are opportunities in the market doesn’t mean you should go blindly. To understand the potential factors that contribute to your financial growth, I’d advise you to seek help of a professional. I invest with Expert Marian Cole a widely known trader.
@@RobertLyon-kt8pjI agree with you. I'm not here to converse for her but to testify just for what I'm sure of, she's trust worthy and best option ever seen..
I was introduced to Charlie Difrancesca when I was a medical student in Chicago in the 1980’s. I’ve read the book about him, which you referenced. This is the first time I have heard him spoken of in over 30 years.
People make tons of thinking errors in their everyday lives and they carry that garbage into trading and never realize it. Thinking correctly is my number one goal in life as well as in trading.
Dude. This video has almost 100k videos. Most probably 90% of views are by normal people. That would mean there is a 1/10 chance you are not normal. I wouldn't enter a position with 90% chance of losing 😂😂😂
Whenever I’ve added to successful trades it’s most of the time turned around and hit my SL, so I’ve learnt the best way for me is to have one maximum two trades open. I guess this does also depend on what time frame you are trading. I do intraday/scalping
I used to listen to this stuff 30 years ago but it will never ever ever make you a dollar. I'm commenting because I question how someone can make a 7 park series talking about making money without ever showing someone how to make a dollar..We trade on charts, where the heck are they? I have catalogs of one simple setup I take once a week that happens every week for a hundred years. This is a personal advertisement and it's not passing along any quality material to those trying learn.
I’ll love to share how I have been able to make so much profit in crypto since the year began, I honestly can’t understand the negative attention cryptocurrency receive.
Most people don't research or don't do it properly, my research led me to Ms. Catelyn Norris, a professional broker who offers a unique way to understand the crypto market.
Even with the use of proper research tools like messari, block folio and others, I still made considerable number of losses. This was because I was too engrossed in technical analysis leaving out the fundamental factors like tokeneconomics, hash rate, market capitalization which is just stressful for an amateur. That's when I finally decided that a bit of professional advice can prove very helpful.
@@alveriobenjame286 This is not the first time am coming across Ms. Norris, Is there a link to her platform or how can I get in contact with her? I’d love to diversify and try out new investments the ALT coin market
Great video! I really do have a question. For someone with less than $10,000 to invest, how would you recommend we enter the crypto market? I am looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What’s your take on this approach?
i died when he said raise your hands if youve bought at 20 and added when it was at 10 bcuz if looks good at 20 sure looks good at 10 but raise your hand if youve bought at 20 added at 30 added at 40 and hands go down... too funny and too true!
I don't know man, I can understand that the common notion is that traders lose a lot by taking too early profits and not doubling down on a winning position etc., but for me personally, I stay in my trades way too long and constantly keep losing my floating profits. I must be some weird anomaly, because it seems that I have the exact opposite problem most people have.
I know what he is talking about ,its all about the fear of being at 3% and losing it ,need to hold because that 1/10 times that it will work you will gain so much more
Watching this speech is one of the best decision I've ever made. Instead of buying forex trading courses, this video is absolutely all you need when you are trading. Thanks for the golden truth!
That point about asking if we’re better now because we have all the advantages to the traders in the early 2000s is ridiculous. We don’t have any advantages now because everyone sees the same shit. It’s common sense
He's actually spitting straight facts, I have caught myself trading like this and yes, I actually lose out on profits or lose more money. Although I'm profitable overall, I'd be very much more profitable trading like he does.
Once you actually start trading live and start to have profitable weeks/months. These kind of videos will really start to make sense. So if you don't think it's helping you now, just come back when you're knocking on the door of consistently profitable
I want to learn how to do technical analysis, know the psychology of market, can anyone help?
So true
great comment
@@pritam9645 if you still need help, I can
@@TraderTez how? Please tell
Absolute GOLD. I rank this right up there with the teachings of brother Mark Douglas (RIP). 👍👍👍👍👍
Thanks for watching!
Yup, I agree!
Yes, absolutely!
So good
Yes, he is absolutely up there with Mark Douglas.
This is quite educational. It's crucial for newcomers to keep in mind that the financial markets are highly irrational in the short run. You should constantly be ready for the unexpected. That is how chance operates. Because of the inherent risks in the market, I always favor long-term investments.
These uncertainties will always be there. Thing is, every once in a while, the market does something so stupid it takes your breath away. If youre not ready for it, you shouldnt be in the market business. or get you a skilled practitioner.
Such market uncertainties are the reason I don’t base my market judgements and decisions on rumors' and hear-says, it got the best of me in the year 2020 and had me holding worthless positions in the market. I had to revamp my entire portfolio through the aid of Heather my financial advisr, before I started seeing any significant results happens in my portfolio. Been using the same advisor since then and I’ve scaled up almost a million within 2 years. Whether a bullish or down market, both makes for good profit, it all depends on where you’re looking…
@@lipglosskitten2610 Not bad at all. I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market. Could this coach that guides you help?
@@hermanramos7092 Finding financial advisors like Catherine Morrison Evans who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
@@lipglosskitten2610 Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
Beginning my trading education and glad I watched this before wasting too much learning candlesticks. Thanks!
Hey while you shouldn’t rely entirely on technical analysis it can still be useful: you shouldn’t go into a trade blind
Please I need someone to help me trade or invest the forex or crypto market because I'm tired of trading in losses myself. I've blown my account twice and it's frustrating.
Oh! So you too have been investing with Mrs Naomi, I found out about her on TH-cam and ever since then I've been making consistent returns with her
I've been trading with her signals for the past three months after buying different courses and still ending up blowing accounts, I'm now profitable and I'll be investing with her soon
@Miller lopez Please how can I reach her?
@Miller lopez bless up. I'll send her a text ASAP
Her success story is everywhere. I keep on hearing expert Mrs Naomi. name being mentioned here and Twitter. Does she really worth the credits and reviews?
I’ve been watching SAM DEYMON channel for the past couple of weeks. I’ve learned so much and just want to say THANK SAM. You inspired me to start dropshipping and pursue my goals in business. Best of luck to you and your future 💯
value your perspective and content!!depending on this current administration is a total failure I really have a question For someone with less than $15,000 to invest, how
He's GOOGLE account AND TE LEG RAM...
@samdeymon53 💯💯....that's it = 4 advise
Thankful for the content so i can reach out to him
Amazing seeing others Trading with Mr Sam, I sta'rted my inve'stment wit $15,00'0, we grown to $55,0'00. This is absolute genius. Thank you for providing such sincere and informative guidance. I like that you said to set a goal and plan this year by reading a book or an annual report, for example! Sam Deymon seems very proficient, I'll be writing to him shortly.
The best lecture I've heard so far about trading. Respect!
Thanks for watching!
I want to learn how to do technical analysis, know the psychology of market, can anyone help?
I am addicted to your videos. The most precious advice I have ever been given in my entire life! And the most precious facts as well. Thank you Sir, you are a game changer
Thanks for watching!
I want to learn how to do technical analysis, know the psychology of market, can anyone help?
Im a dane and i have been trying for a bit, and i cant believe i havent heard of Tom. He's such a legend!
Damn, this is so me. It's amazing how he managed to "name" and tear down what actually happens inside my head when I'm trading.
Never knew trade could be so challenging! Kept running back to these TH-cam videos to learn more about this your video is indeed helpful. Thanks
.Sadly these are one of the changes in trade profit is not always assured..
@Brandon Hussain .Not everyone has the patience and persistence to grow account. Some may end up blowing up their account.
@George Potter Demo account are risk free
Trade has left me no choice but to keep investing because it makes so much profit for me.
@@harrychapman3172 .I have been during trade offshore and still in yet to earn my first $100, what strategy do you use please.
So good, thank you so much for this!
this is absolute 💎 gem thank you 🙏
Thanks for watching!
my way of thinking changed as a trader after watching all this
thanks for the video and psychology is important to me. I am a new trader who is still learning in the NFC community.
I'm so happy I'm watching it before I commit to trading
Thanks for watching!
Tnks man now i see why i am always switching strategies
The most honest person I ever met on the internet, I assume.
This is just the way things are! 90% of the people who trade just don't have the capacity, patience and understanding when it comes to making money from the market. If you wan't to be successful, concentrate on being the 10%!
Great channel....great videos.... really impressed and I am also inspired
Thanks for watching!
This part is why I have maxims.
1) I don't look at price it's a tertiary byproduct.
2) sellers want to sell and buyers hesitate so if it's a tie the prices will still fall.
“Ouch”! His outburst of emotion @18:05 made me time traveled back to WW2 😝🖖🤓🌹🌈🌎🙏😘
This video is like divine for me. This man seriously wants to help others. Thanks a lot for sharing.
Damn. You speak my mind tom. Got into trading without any guru courses studying any analysis etc. It’s just natural by me
This content is incredible! thanks a lot
Thanks for watching!
I want to learn how to do technical analysis, know the psychology of market, can anyone help?
🔥🐐just learnt allot from this channel and just subscribed ❤
good i love this just made a good profit while watching this amazing video
What kills a lot of traders is the shady workings of the broker they are trading with, particularly with the currency markets because not all brokers want to see their clients make money, despite the claims. In forex, Gain Capital was the worst at taking out stop losses with magical shooting star trades within minutes of you logging off your computer for the day or not having any activity for a while, and of course the market was going in your favor, hence why they wiped it out. That and their margin calls when you didnt put in a stop loss were like a double whammy.
11:59: there is no such thing as a holy grail technique to make winning trades consistently
12:00: always press your winning trades harder and quickly get rid of your losing ones!
😒
Reach her on Facebook she is always available and she will surly guide and handle your investment wisely
Would you advise me to sell my house, get further in debt or just use max lavarage to add on my winning positions?
Thank you for your sensible advice
Really good stuff, especially adding to winning positions...
i am a bad driver! thanks for the talk!
Insightful presentation. where can I get this presentation?
And the truth will set you free 😎
awsome video
Thanks for watching!
From where can I buy his book, I am not able to find his book on amazon
I'm trying my best to get out of 90% this is really very helpful.
18:36 when he remembers his danish roots "nej" indstead of "no" xd
9:21 I know he said March of NEXT year but I still had to do a rewind on that one 😂
He's looks like "James clear "( Author of atomic Habit)
Please is there any book he wrote?
@Lincoln Fearless ok dear scammer😆
"When do you know a crash is coming?" Judging by the upload date of this video.....let's just say a crash, indeed, was coming!
No taking risk is the biggest risk
Where can I find his book?
he awesome
23:00
when you are a good trader everything you do hurt
He is scary but i love it
In a few months or no time people we definitely be kicking themselves regret for missing the opportunity to buy bitcoin or invest in any cryptocurrency
Making them to remain poor out of ignorance
There are scammer but there are real broker waiting for investors out there
@amy bethany Mrs Bambi Alex have changed my financial status for the best, All thanks to my aunty who introduced her to me
@amy bethany Mrs Bambi Alex is obviously the best, I invested $5,000 and she made profit of $38,000 for me just in 15days
@@pushkarrajthakurbusinessco9395 Yes I'm a living testimony of experts Mrs Bambi Alex trading service
I don't believe this. It could be the situation for some, yes, but the reason why 90 % lose is not because of this. They don't all feel fear, they don't all take profits early, they don't all average down. And thatvthing about driving a car. Well how long isbit gonna take to be a good driver then? 80 years?
Also. There is something called statistics. If I investigate 100 trades. 40 % of these reaches 2R. 29 % reaches 3 R or even higher. Just as an example. Instead of listening to fear. Maybe I should look into statistics and see what will earn me the most money. It is quite obvious that taking a profit at 1R will not be the answer. I don't believe that you should read 15 trading books to be successful or attend 9 seminars. The answer is in analyzing.
i disagree respectfully. All the videos i see are telling you to scale out instead of building a position.
If we 'hope' or 'believe' a moving average or any other combination of indicators is going to help us outsmart highly trained experts in the financial markets who have access to the latest data, business profile insights, high speed multi-million dollar algo-trading systems and other advantages that we don't have in this trillion dollar industry, because it helps us see a setup that they can't, then we are nothing short of deluded.
@@DJKloop hope or believe? Backtests and forward tests shows there is an edge. Yes, that can change in the future. However the history is what we have to work with. It is like you don't believe this is possible and that we have to do some magic guesswork of when we are aligned with banks and institutions.
I don't exactly know what you mean, but if you mean that the market looks like it is going in one direction and then suddenly goes the other direction. I don't think it happens that often. My stop loss is relatively wide and it will sometimes handle the move in the wrong direction.
@@SSEnrich forward test ? that's nonsense for a start. Unless you mean to demo test a strategy for a year to see if it's profitable which is no different than back testing. It does not mean it will provide the same results again. You are still in the dark, you are still 'hoping' it will work. The back tested strategy may have had an 'edge' in the past which doesn't mean it will have an 'edge' in the future. All you can hope for is that the system you are using may show profitability for the time you use it. So there is no 'edge' unless you call having wide stops an 'edge' then in which case you 'hope' it's big enough so you don't get stopped out.
Have you ever been stopped out? of course you have. If you haven't, then you are 'hoping' your trade will stay profitable. So you don't have an edge, just hope. Belief is something you kid yourself with. People believe in God, i'll say no more.
But Institutions trade as they wish. They don't follow trendlines, they only follow liquidity. People draw a trendline and if it touched a certain amount of times then they buy/sell. The banks know this and if there is not enough liquidity in the direction it is going then guess where the next pit stop is going to be?
The market is a beast looking to be fed and will go wherever the biggest piles of food are (orders/stops). People call it stop hunting, but in reality it's not. It's just the market looking for food. If you know where the food is, then maybe you will have an edge. But sometimes it's not hungry or it's not tempting enough. So again we are back to being in the dark. Strategies are just coin tosses over time, sometimes you win, sometimes you don't. This is why you see 'guru's' showing you their 'only strategy' that has made them millions. Why would they do this? because it doesn't work anymore because the market no longer works they way it did 5 years ago. And it will constantly change in the future years because more advanced algo programming will make market predictions for us retail traders in the future near impossible.
@@DJKloop I will take my chances. The markets must stop trending and stop being range bound for you to be right. It must constantly look like it goes one way and then go the other way. When you adjust to that they must know it and they will make markets seem predictable and straight forward again.
A strategy or a use of indicators or tools is a reference point. So you do things the same over and over again. Preferably you have several strategies. No strategies and entering the market blindly makes the chances of succeeding worse.
@@SSEnrich Regardless of how many patterns or trend directions or rangebound conditions the market goes through. There are only two outcomes.
Will it go up, or will it go down?
Ok you use a different strategy in a different market phase. But you still have to let that phase play out to see what phase it enters in to and then it may well change out as you wont know how long it lasts and that strategy you pick for that phase may not be profitable in that instant so you are always on the back foot.
I'm no trying to 'poo poo' yours or anybody's trading strategy. Just telling it as it is.
This is why probability comes in to the game. Probability is a 'best guess' at an undetermined outcome and not a promise. Even with all the confluence, it can still turn into a bad trade or a non winner you have to cut losses from.
So back to my original post.
If you are in and winning, capitalise on it like the guy in the video says instead of scaling out like 99% of all videos out there tell you to.
We are in this to make money and lots of it. Greed shouldn't be frowned upon as a bad trait because it's the only thing that will keep you in this game. It may be a bitter pill to swallow and go against some of our beliefs but it will keep you profitable.
Happy trading and long may you profit ;)
"People are fearful when they should be hopeful. People are hopeful when they should be fearful". It was like a slap of truth.!
the question is how to tell them out,on a hindsight you do know,but at that particular time of your trading you don't know
I need some assistance because I've been investing poorly and wish I could make weekly income.
Negative habits like procrastination, distractions, and doubts may all be broken in order to help you reach your life objectives and save money for investments. In order to help you change these poor habits and make prudent financial decisions, you can also engage with a professional.
@@rachellovescats8481 I don't have any instructions, so how do I start making amazing investments that will pay off?
@@aarnavfarhan8737 Fomoing and jumping into cryptocurrency without direction are two common problems that inexperienced traders run into, and it never ends.
@@jamalraymond1074 Yes, I agree with you; nevertheless, it's difficult to find a competent trader these days. You definitely need an experienced mentor to help you.
@@CatalinaTaylor-gt5jx Well, Karim Elias Karim and I have been working together, and his platform has developed into a fantastic backup to my assets, so even if the whales decide to play with our emotions, I'd still be safe:)
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with this person
My advisor is Dawn Maureen Humphrey she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
I am going to look her up, I have about $81k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again.
I came here to learn how to invest after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.
Investing in stocks and crypto is a good idea, a good trading system would put you through many days of success.
It is possible to produce superior performance provided you do something different from the majority. However most of us tend to pay more attention to the shiniest position in the market to the cost of proper diversification.
Having monitored my portfolio performance which has made a jaw dropping $370k from just the past two quarters alone, I have learned why experienced traders make enormous returns from the seemingly unknown market.
@@wilsonbrown8993 Interesting, I have a lump sum doing absolutely nothing at all in my bank account, I wanna get something started with it. You seem to be doing excellent for yourself, how do you achieve this?
@@louisclifford9874 Exactly, the trick is to diversify your investment, don't panic when everyone else is and invest consistently.
This is gold. Cut your losses quick and let your winners run.
Sure that part is good, but pressing your winning positions more and more is a recipe for blowing up your account.
How likely would it be for your wins to go back to where your stop losses are. Or is he suggesting trailing stops?
@@extraordinarydave you gotta watch the chart and as long as the trend holds you stay in
@@TideV2 thank you! This is good advice . unfortunately I can only set trades and I need to go back to work and with family so monitoring the charts is impossible for me.
@@extraordinarydave Yea, being a trader is a different animal then a investor. Takes a lot of dedication.
For all you beginner traders out there, this is the only ''strategy'' you need to master. Nothing else. Master your emotions and you will win in this game, big time. Thanks Tom and CMC team.
Thanks for watching!
What is his name ?
Milan, any suggestions on mentorship programs?
@@mp38111 TH-cam by far is the best resource for knowledge, it will take some time for you to succeed but it's worth it. My advice is to master one strategy and stick to it for as long as possible.
you profitable?
Wow. The 'everything hurts' notion makes so much sense. You can't predict the market directly, but the market reflects human behaviour and humans want to avoid pain. So making money requires you to do the opposite and embrace pain.
This info is fire to the average day trader. Thank you!
Watch this again and again and again. More and more will resonate with you and it will change you, the only weak link in your trading. It worked for me and I’m grateful for the freedom this has led to. Retired from my job and live off a 3k portfolio that generates about 1k a month, sometimes even more.
Inspiring Dave !
I was gonna ask how that's possible to live off of but I forgot I live in california with 2 kids...
You should get a side job and reinvest those earnings, in 12 months with compounding interest of 30% a month your le looking at around 42,000 at the end of the year. A 30% increase on that is over 12,000.
This guy is talking bullocks by saying you won’t make anything from technical analysis, I can sit with him and I will place a trade and it will do exactly that, takashi kotegawa and Richard Dennis that he quoted was fully 100% technical trader, this guy is super confused making a fool of himself and quotes a guy but hasn’t read his book. People make money different ways, there is no right and wrong way of making money
Have earn thousands of dollars in trading market, I dare not doubt the profitability of the currency market.
Congrats I’m fascinated with investing, as a single dad these things are quite difficult. Invested $ in few sectors but haven’t seen any profit yet. Do you think I’m missing out something?
@@ChristopherMCRaymondJust because there are opportunities in the market doesn’t mean you should go blindly. To understand the potential factors that contribute to your financial growth, I’d advise you to seek help of a professional. I invest with Expert Marian Cole a widely known trader.
@@RobertLyon-kt8pjI agree with you. I'm not here to converse for her but to testify just for what I'm sure of, she's trust worthy and best option ever seen..
1 really can't believe that you guys know her too?...
Wow she made my husband and I have our own house and car.
She is good.
Please I need her contact?
I was introduced to Charlie Difrancesca when I was a medical student in Chicago in the 1980’s. I’ve read the book about him, which you referenced. This is the first time I have heard him spoken of in over 30 years.
Thanks for watching!
I want to learn how to do technical analysis, know the psychology of market, can anyone help?
"Were Edwards and Magee traders? No, they were not traders, they were journalists" that was so good!
Bambi Alex on Facebook
People make tons of thinking errors in their everyday lives and they carry that garbage into trading and never realize it. Thinking correctly is my number one goal in life as well as in trading.
Take comfortable stop loss target and an uncomfortable take profit target. That's my golden rule
This talk is priceless. I wonder why more people haven't heard of this guy?
My guess is that simply it isn't in the best interests of the powers that be.
Coz he hasnt shown his pnl and trading history
Dude. This video has almost 100k videos. Most probably 90% of views are by normal people. That would mean there is a 1/10 chance you are not normal. I wouldn't enter a position with 90% chance of losing 😂😂😂
Good, let's keep him a secret. I want to make my millions first before the cat is out of the bag
Because they are too busy looking to pick bottoms to long & highs to short...
One of the most useless series on trading I have watched.
Whenever I’ve added to successful trades it’s most of the time turned around and hit my SL, so I’ve learnt the best way for me is to have one maximum two trades open. I guess this does also depend on what time frame you are trading. I do intraday/scalping
Omg. This guy has balls and sharing them with public without being shy....
Because he is a well trained trader, fearless
But how do you know "it is enough, time to TP"?
I used to listen to this stuff 30 years ago but it will never ever ever make you a dollar. I'm commenting because I question how someone can make a 7 park series talking about making money without ever showing someone how to make a dollar..We trade on charts, where the heck are they? I have catalogs of one simple setup I take once a week that happens every week for a hundred years. This is a personal advertisement and it's not passing along any quality material to those trying learn.
i agree this is a useless presentation overall.
This guy's presentation skill is incredible
I’ll love to share how I have been able to make so much profit in crypto since the year began, I honestly can’t understand the negative attention cryptocurrency receive.
Most people don't research or don't do it properly, my research led me to Ms. Catelyn Norris, a professional broker who offers a unique way to understand the crypto market.
Even with the use of proper research tools like messari, block folio and others, I still made considerable number of losses. This was because I was too engrossed in technical analysis leaving out the fundamental factors like tokeneconomics, hash rate, market capitalization which is just stressful for an amateur. That's when I finally decided that a bit of professional advice can prove very helpful.
@@alveriobenjame286 The fact that I am able to withdraw without any stress is the reason I trade with Ms. Catelyn. It’s really amazing.
@@alveriobenjame286
This is not the first time am coming across Ms. Norris, Is there a link to her platform or how can I get in contact with her? I’d love to diversify and try out new investments the ALT coin market
@@claystonetradingonline5127 you can make all your inquiry to her inbox on telgram, feel free to message her.
السيدة كلاريسا شرعية وطريقتها تعمل مثل السحر ، أستمر في الفوز كل أسبوع باستراتيجيتها الجديدة.
Great video! I really do have a question. For someone with less than $10,000 to invest, how would you recommend we enter the crypto market? I am looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What’s your take on this approach?
He is speeking nothing but the truth, is his book published? from where can I get a copy.
If all content on YT would be so valueble❤️
Thanks for watching!
Love this I’ve blown a few accounts due incorrect trading psychology ....
i died when he said raise your hands if youve bought at 20 and added when it was at 10 bcuz if looks good at 20 sure looks good at 10 but raise your hand if youve bought at 20 added at 30 added at 40 and hands go down... too funny and too true!
I want to learn how to do technical analysis, know the psychology of market, can anyone help?
Tom is a boss in his field. Definitely advice everyone who is serious about trading to sign in in to his telegram channel.
This guy is absolutely genius.. I began to think wisely after I had a great session with his video 🤩
I want to learn how to do technical analysis, know the psychology of market, can anyone help?
@@pritam9645 if prices are low relative to normal stock range and there aren't really bad news? buy.
I don't know man, I can understand that the common notion is that traders lose a lot by taking too early profits and not doubling down on a winning position etc., but for me personally, I stay in my trades way too long and constantly keep losing my floating profits. I must be some weird anomaly, because it seems that I have the exact opposite problem most people have.
Yes i dont understand that too, you have to pay your self as a trader partially.
His words are exactly what I needed to hear right now. You can’t expect different results if you keep trying the same thing. Simple but true.
Thanks for watching!
"Buy high and sell higher" a famous quote of the great Jesse Livermore.
without 10 years of trading experience, don't listen to this.
Shut up
I know what he is talking about ,its all about the fear of being at 3% and losing it ,need to hold because that 1/10 times that it will work you will gain so much more
Elaborate please
Watching this speech is one of the best decision I've ever made. Instead of buying forex trading courses, this video is absolutely all you need when you are trading. Thanks for the golden truth!
This is gold, honestly
Thanks for watching!
That point about asking if we’re better now because we have all the advantages to the traders in the early 2000s is ridiculous. We don’t have any advantages now because everyone sees the same shit. It’s common sense
He's actually spitting straight facts, I have caught myself trading like this and yes, I actually lose out on profits or lose more money. Although I'm profitable overall, I'd be very much more profitable trading like he does.
Seeking for her contact details 👇👇👇👇
You can reach her via WhatsApp and email 👆👆👆
Bambi Alex
I have never liked normality. Ever.
Judging by the views 90% of people couldn't pay attention for all the 7 parts of this presentation.
man this is JUST what I needed. Amazing content, amazing speech, I NEEDED this so much today, wow!
good stuff, thanks Jason Statham's big brother in the world of trading.
"When is the crash coming?" -posted Jan 28, 2020
3 weeks later 💀 ☠️ 💀
“I wish I looked like what I did 15years ago” ... Literally does, LITERALLY!
Will you trust me?
Random woman: yea☺️
lol that was cute
5:43
Not only is the information this guy is handing out Gold but his delivery is excellent! wow.
here, when bitcoin is falling from 60k to 30k May 23 2021
he's so dramatic, i wonder what he's like at breakfast "is that how we spread jam on toast? ....NO. You dont know how to think about jam on toast!"
Yah Bro, buh don't loose the essence. Keep it trading.