Hey hey what's up my friend! So in today's video you'll discover the 10 biggest trading lessons that I've learned right over my trading career. and unlike other trading Educators who teach you based on Theory I actually put my money where my mouth is alright. So as you can see right, my own live trading results on the screen over here and what I'm about to share with you is so important that if I had learned these lessons earlier I would have saved for at least write six figures or more. So if you want to make the same costly mistakes that I've done, then today's video is for you.

Let's go. Foreign Lesson that I have for you is to trade along the path of least resistance. So often a mistake that many Traders make me including right I'm guilty of this is that I used to trade based on what I think not what I see So for example I look at the chart and I think oh man, look how high the price is. it looks really expensive, time to sell, time to show and I do just that I shot the market.

Next thing you know, the market continues up even higher. Or how about this? the stock price is in the downtrend and I'll think to myself man, look how cheap this stock is. it can't go down any lower. All right, the price is already so low.

Let me buy. let me dabble a little bit. Next thing you know, the stock price got even cheaper. Okay and the mistake I made is because I trade based on what I Think not what I see.

So this is where I want you to trade along the path of least resistance trade based on what you see, not what you think and to do. That is very simple. Look at this if the market is in an uptrend, you look for buying opportunities and if the market is in the downtrend, you look for selling opportunities and that's it, right? Of course if you're an expert Trader you're gonna do come to Trend trading and stuff like that. all the fancy pensive stuff.

go ahead, right? But if you're a new Trader if you are struggling to make a profit I recommend trading along the path of least resistance. This is where you know trading becomes likely to become easier for you. Okay so to walk you through a few examples because now you might be wondering. You know rain? Okay, Market is in an uptrend, but where exactly do I buy? Okay, good question.

So if you look at this chart over here this is the stock price of a click right? A KLA Corporation You can see that this stock is in an uptrend. I'm just let's just zoom out a little bit and you might be wondering right now where exactly do I buy now that this stock is in an uptrend. So one thing to share with you is that I like to look for buying opportunities right at Area of Support So Area of Support is pretty much an area on the chart where the market where the price is reversed up higher. so to walk you through Market rarely up higher.

It made a pullback, then it rarely is up higher Again, made another pullback rally up by here again, made another pullback and then boom right really up higher to where it is right now. So if you ask me, this is an area of support. A level that I want to pay attention to. Okay, and that's not all right.

So this is one way to identify your area of value on the chat, to look for buying opportunities. and of course you can. you know, stack it up with multiple tools and indicators to you know identify whether that level has a high probability of reversal and another technique I want to share with you is a technique I learned from a Trader called Trader SZ right from Twitter. He likes to use the yearly open, the yearly highs, and the yearly lows right to look for potential buying opportunities because this is in an uptrend example.

So I'm going to pull that out. you can see over here on the chart I have a few more lines coming out so this dark red line over here simply tells me that is the previous year high. So the current year is 2023. So this tells me that this is the high of 2022..

this is the low of 2022.. this is the current low of 2023 and this is the current high of 2023. So again, this indicator is free on trading View: Just such you know high, low, Yearly or Yearly Open High Low. You know it.

Should you know, come up this indicator so you can see over here right in 2022, the high is over here. Okay, and you just look for the right Now 2023. It plotted it plotted as a high as this dark red line over here so you can see over here the price section. What happened is that this year the market this particular stock right.

Click right KLA Corporation It broke out of the previous year high. They retested, Then they hit up higher, re-test It once again hit up higher re-test and then boom exploded up higher. So you can see that in this cherry pick example though, right? This is is an example where you want to look for buying opportunities and plus now you can see that it's an area of support. Plus is the previous year high.

This is definitely a significant area on the chart right way and you're going to look for potential buying opportunities. So one simple technique is that if the market makes a pullback over here I'm looking for a bullish reversal Candlestick Pattern Something like, maybe as simple as a hammer like this. Okay, so when that happens again, that's a sign that hey, buyers are possibly stepping in now to take a long position. I could enter on the next candle open, stop a distance below the low possible Target Could be just before this recent swings like allowing me to capture that one swing up higher.

So there's a potential trading opportunity that I'm looking at along the way, you understand why I'm looking for this buying opportunity and uh, how I'm looking to trade this setup. Okay, now look at this chart. Let me ask you, Are you looking for buying opportunities or selling opportunities? Answer is buy Just kidding. Selling opportunities, right? You want to look for selling opportunities on this chart because the market is in a downtrend.

Now what you're seeing over here right is a number of blue arrows over here like this, right? This? This is probably wondering. Man, we know what are those blue arrows? So if you think about this right, those blue arrows is where the price reverse. And how could you have predicted right where this? Market could reverse ahead of time. So another thing to share with you is that when you are dealing with support and resistance, right, those are useful techniques to identify where the market might reverse from.

So as the market is in the downtrend, you want to look for selling opportunities at resistance. And another thing to point out is that when the market breaks below support So In this case it breaks below support, support could become resistance and reverse down lower from there. So to walk you through a few examples because this particular currency pair, it really respects this phenomenon. You can see that this over here is a previous area of support.

So I'm going to draw this area of support and notice how nicely right previous support when broken became resistance all right over here. So another area of support tested once, twice twice you can see through this area of support again. we have this reversal at this previous support which became resistance. Now what about this to one into one hit reverse here, again this lower.

This swing low over here could just draw out and notice how the market reversed from this level as your previous support or we'll really call this a support right, more of a swing low right. They became uh tested here okay that lower and tested here a second time and could possibly head down lower as the market is in a downtrend. and if you're kind of like you know, kind of like do this ahead of time over here. This is two tests over here.

so if the market let's say if the market were to break below this low then there's a good chance that it's going to find resistance over here. Look for selling opportunities with expectation of lower prices to come since this is a downtrend. So hopefully this techniques will help you identify right to know where exactly to buy and sell on the chart and To know when exactly to be a buyer and when exactly to be a seller. Alrighty, so the next lesson I have for you is if in doubt, zoom out.

Okay, so very simple. If you look at this chart over here, this is the chart of Euro New Zealand This is the four hour time frame. Okay, and you might be thinking so Reina Um, should I look for shorting opportunities or should I look for buying opportunities Because after all this, Market looks like it's in the range right contained between the size and maybe this area of support and maybe another level over here, right? It seems like this Market is in a Range so should I look to buy or sell. Now, if you just look solely based on this chart, it's quite hard to tell because you don't have any directional bias.

So this is where again, if you are in doubt, if you're not sure whether to be a buyer or seller, then just zoom out. Okay, so let's go up to the Daily time frame in this case. So this is the forward time frame. We zoom out to the Daily time frame.

You can see Ta-da this market. Now is it clearer? You can see that this Market is actually in a long term uptrend. Notice the price making a series of higher lows, higher lows, higher lows, higher lows, higher lows and higher highs higher highs. And it's actually a area of resistance over here.

Right In fact, is forming somewhat of a ascending triangle pattern if you want to call it. So there's a good chance this Market could break up higher of this resistance. And since you know this Market is in an uptrend, you look, you're going to look for buying opportunities. Does it make sense? So now you can see that.

How zooming out would give you a clearer perspective. So now go back to the four hour time frame knowing what you know. Now there are a few ways that you can now trade this setup. So number one: the skin.

If you want to look for buying opportunities in an uptrend, this will be an area of value that you can look for, right? This is an area of support power. This is another one as well. Okay, so if you look at this, perhaps the market could break out higher and then retest previous resistance resistance which could become support. Okay, and let's say if we have our yearly high and low, does it have any Confluence Oh yes, we have Actually okay.

I'm just going to reset the chart. Okay, so you can see over here this is the previous year high. So if the market let's say makes a deeper pullback, this is an area of value. A key area of support, right? That's the ones twice.

three times, possibly possibly here, back for fourth time. This is where again you have to look for buying opportunities right towards the long side. So again, the tip that I have for you here is again, if in doubt, just zoom out. Okay, so a quick way to know what time frame to zoom out right? You can use a factor of four to six.

Okay, so previously we were on the four hour time frame. So if you go by a factor of six, you just take four. Multiply by six is 24 hours. So which is equals to the Daily time frame.

Okay, let's do another quick one. So let's say now your trading time frame is on the one hour time frame and you want to zoom out what time frame should you look at? So you can look at anywhere between the factor of four to six. so it can be anywhere on the either the four or six hour time frame to get your buyers right. Your directional bias make sense.

Now sometimes when you zoom out of your charts, things might still not make sense to you and what do you do at that point in time? This brings me to my third lesson. Still in doubt after zooming out, then stay out. So remember this right. No position in the market is position itself.

Okay, right. Repeat. Once again, no position in the market is decision itself. The last thing that you want to do right is to actually force a trick.

Maybe because you're bored, right? You have itchy fingers, right? The fear of missing out. Whatever the reason you want you, you when to force the trade. And what happens next is that you end up incurring unnecessary losses. Losses that wouldn't have occurred if you had followed your trading rules.

And then what happens next is there's not only a blow to your financial your trading account, but also to your mental capacity. Over here you have thoughts like why am I so reckless? Why am I so ill-disciplined? Why am I so silly? Let me take back what's mine from the markets. When you have such thoughts, what you're going to do is you start to Revenge trade. You start to widen your stop loss, You start being ill-disciplined and do things like that is outside of your trading plan.

And of course right. You know that what usually happens is that you end up suffering even more. right? How do you just stick to your plan? Okay, so you don't want to go down that path, right? So to sum it up, it's very simple. If in doubt I want you to zoom out.

If you're still in doubt, then stay out. Okay, the next lesson I have for you is this: Honor your stops, honor your stop loss. So this is important to pay close attention. So if you look at this chart, this is the chart of Bitcoin Okay and let's see right what happens next on the next candle is that we have a nice uh looking bullish reversal Candlestick pattern over here.

Some Traders might even draw this a trend line and then say Hey You know right now this could be the the reversal of Bitcoin and Market could go up higher so they look to enter on the next candle open right. So somewhere over here they look to enter the next candle, open your stop loss possibly below this low or around 38 000 price point. So let's see what happens next. So that's the original plan right to go long on the next candle Open stop loss at 38 000.

So then you see the market, then rallied up higher and start to reverse against you. Then now again form a another reversal at this trend line and let's see if it can go up higher. Nope. Boom right.

reverse against you and probably would have hit your stops. but at this point like some Traders might argue. But right now you know, if I were to cut my loss over here, yeah, I'm actually cutting into this area of support right? This area of support. Okay with this area of support here.

And then there's possibly another area of support, right? So I don't want to be cutting my laws into this area of support right? Because buyers are coming in right and could push the price higher. So let me hold on onto that trade right? And maybe the market could just reverse higher shortly. So let's see what happens next. so you can see shortly afterwards, the market then all right, collapse down even lower right and the most recent candle have this, uh, slight, uh, higher close for the day.

At this point, you might be thinking Raymond Right now, the market is oversold, right? The rebound has to work all right. The market has to rarely acquire. so when next rally comes, I will then exit the trade for a smaller loss, right? Because you don't want to take this huge loss at this point in time. Because if you think about this right, let's say you enter at this price point, you're risking, uh, your stop loss.

Let's say it's at 38 000 over here. you're risking two percent on this trade. Right now, you're probably down like six to eight percent on this trade. Okay, so let's see what happens.

Continue down even lower. Okay, so you hold on to your loss hoping the rally comes and you can now exit at a smaller loss or even maybe at break. Even so, let's see what happened next is that the market then starts to go into this consolidation now at this point in time, right? You are hopeful because hey, look at this. Rainer market now seems to be forming this accumulation stage.

Okay, if the price breaks out of it, this could be a start of a new uptrend and I'll be proven right. I'll even make money on this trade. So let me hold on to this trade and see what happens next. So you hold on to the trick and then guess what? Boom Market collapse down even lower.

Okay, so look at where you entered you entered at this price point over here. Okay, and right now the market is over here. If you're at risk two percent of your account at the start, right now, you're probably down left guessing like you know 15 20, 25 of your account. So what is the lesson over here? The lesson over here is to honor your stops, honor your stop loss Because every large loss start off started off as a small loss.

And that's not all because a small loss is a good loss. Why is that? It's because you preserve Capital You get to clear your mind, your mind, and more importantly is that if a trading opportunity presents itself, you can re-enter it with a clean slate of mind. And by the way, if you are enjoying this training so far, smash the Thumbs Up Button If not, hit, subscribe. All right.

Moving on. Okay, the next one is, if you fail to plan, you plan to fail. So let me ask you, do you know the reason why you know so many Traders lose money in the markets? Guess why right? You look at the chart and then they see a series of big bullish candles. You know, three big candles in a row and they will think to themselves, man, Raina Look how bullish this price section is.

Let me just buy right and catch a small piece of the move. I'll quickly get out of the trade before the market reverse against me. Now, what is the problem with this? Well, simple right. let me ask you if the market were to reverse against you shortly after you hit buy.

Where do you exit if the market let's say does move in your favor. When will you take profits or if the market moves in your favor and then they start to reverse against you? Do you hold on to the position thinking that you will continue higher? Or do you exit the trade right for whatever small profits or a small loss that you've incurred? So can you see where I'm coming from? If you can't answer any of the questions that I asked earlier, that it means that you have failed to play. And this is why if you don't go out there, you see families with many kids three, four, five, six, seven kids. Uh, clearly the couple probably fail to plan right? That explains why I have three kids myself.

So anyway, how do you avoid getting caught in this situation where you know the market catch you off guard? So I'm going to share with you this very simple checklist, right? So no matter what the market you know throws at you you're always prepared. First one, do you know why you are entering a trade? That's the first question. So the answer is very simple. It has to be because you're following your trading plan, your trading rule, your trading strategy.

Anything else. Like you know, fomo, the fear of missing out itchy fingers, bottom wrong answer and you shouldn't be entering the treat it all. Second one is this: Do you know where to get out if you are wrong? Because let's face it right, the trading setup could be, you know, perfect. All the stars are aligned and you could still get it wrong.

The market could still turn against you. So when do you get up if you're wrong. So very simple rule that followers to is to actually set your stops at a level where your trading setup is invalidated. So let me explain.

So let's say you buy when the price comes into support. Let's say it comes into support. It bounce off you buy. So at which price point on this chart will your trading idea be invalidated? Well clearly if the price breaks below support right then you know trading setup is invalidated.

So your stop loss will be somewhere about here, right? Let's put it. SL So if the market let's say it comes down lower, hit your stop loss. Clearly, at this point the area of support is gone, it's broken. You should then get out of the trade.

Third thing, if you are wrong, it's the loss of fraction of your account. So ideally right, you want to make sure that your loss right, it's not more than one percent of your account. So this way you incur four, five, six, seven loss in a row. It's still not the end of the world because it's only a fraction of your account.

And finally, do you know when to get out? If you are right, what if the market starts to move in your favor, where do you take profits? The last thing you want to do is to hold the trade forever and then you'll watch it come back to your entry, hit your stop loss and then you know, All gone right? So uh, a technique that you can consider is to you know let's say again, Market is in the in the range. Then it comes down to this area of support. It goes up higher you buy. So usually if you want to capture a swing right, you can look to exit your trade before opposing pressure steps in.

So let's say you're buying your support. Where my opposing pressure come in is that this area of resistance. So somewhere about here right over here right could be your TP or take profit level to exit your trade before those opposing pressure steps in. So this is where you know you get out if you are right.

NYX This is what I call the holy Grill of Trading. So after trading for like more than 10 years now I would say this is the closest thing right, the closest thing to a free lunch that you can get in trading. So it's what I call the Holy Grail of Trading. So to kind of explain this concept, let me share with you a couple of trading systems right? that I pitch in my premium program called the Ultimate Systems Trader So the first system is what I call the mean reversion trading system.

The idea behind this trading system is very simple. We are looking to identify stocks which are in an uptrend. We wait for a pullback right and then we look to buy and when the stock hits up higher, we look to capture that one swing and we sell over here. So you can see that we're trying to.

You know, capture this swing out there in individual stock. So this is the mean reversion trading system and you can see that this is the performance of this system right over the last 23 years. So you can see over here in 2000, right? It's up about 165 percent in 2022, down 3.8 percent 2021, up 29.8 So this is how you actually read this table. Okay, so this is the mean reversion trading system.

The other system that we have is what we call the systematic Trend following system. So this system right basically looks the right Trends across the Commodities currency pairs indices, all the different Futures Market out there. So what we do is we identify markets which are already trending. We look to buy over.

here, we buy, and then we write the trend for as long as it lasts until it shows signs of weakness till it hits our trailing stop loss and then we probably exit somewhere here. Okay as the market starts to reverse. So this particular system where we are trying to capture the trade right the mid of the move. and for this particular system right, you can see that over here.

This is the results right? Since uh, 2000 to 2022. So 2022 up about 42 losing years for example in 2012, down 2.8 percent. in 2000, we're up about 29.4 So what's interesting about this system is that it usually does really well during crisis period the recession. So for example 2008 it's up 82.

Look 2022 right? We have the the Russia Ukraine crisis are up about 42 then 2000 Vfd.com Bubble Up 29. So one thing to note is that now both of these trading system they make money in the long run, but on a year-to-year basis you can still have losing years like you know. For example, in 2012, Systematic Trend following is down 2.8 2018 down 2.4 Same for the mean reversion trading right 2014 down 1.9 2022 down 3.8 So now the question is, how can you reduce the number of your losing it So it's such that you can make money almost every year from the markets. So this is important.

Pay attention right? The trick is this is that you want to trade multiple uncorrelated systems. So this means that if you have hundred thousand dollars, don't put all hundred thousand dollars in this Stf. Don't put all hundred thousand dollars in this mean reversion trading. Instead, put fifty thousand dollars in each of this trading system, right.

Split it into two equal parts. Now here's what happens next. As you can see over here on the last column. this is the result right of trading multiple uncorrelated trading systems.

As you can see: I Since 2000 to 2022, you have been making a profit every single year for the last 23 years. And that's the power of trading multiple uncorrelated trading systems. And if you ask me, in my opinion, that's the Holy Grail of trading. And the reason why this works is because whenever let's say a system does poorly in one year, chances are you have another trading system that will do well in the market condition so that this way you can cushion the losses right and even get you into the green for that particular year.

For example, if you look at let's say 2022, Okay, mean version: trading was down 3.8 because the stock market did badly during their period, but at the same time right? This was very good, right? for systematic Trend following. it does well during crisis period. up 42. So overall, you are actually up nearly 20 for the year.

That's the power again of trading multiple uncorrelated trading systems. And if you want to learn more about such trading methodology right, then, uh, join me in my next upcoming webinar. I'll put the link below this video. you can sign up for it, it's free and I'll share it with you in more details.

Foreign. Now the next lesson I have for you is this: go slow to go far. So here's the thing where many Traders they have unrealistic out of this world expectations of what trading is supposed to offer. They think man, I'm supposed to make 100 return a year.

if not I can't be called a Trader Not sure where they get those ideas from, right? So here's the argument, right they say let's say they have a thousand dollars trading account and then they would think I'll just risk 50 of this account which is 500 of this on on one trade. and if I earn a one to two risk reward ratio on this particular trade I would then make a profit of a thousand dollars. So let's say if you start with a thousand dollars, you make a profit of a thousand dollars. That is 100 return.

That's how trading is done. You're crazy. Okay, so what's the problem with this? The problem with this is that you are always just two losses away from blowing up your trading account. And here's the thing right.

This process will rinse repeat over itself, over and over again till you quit trading altogether Realizing that man, this is not sustainable or you find a better way of doing things right. So what's a better way of doing things if you ask me. All right? So let me share with you. So let's say again, you have a thousand dollars trading account.

Okay, then what you can do is that you don't look for 100 written a month, right? because you're taking a lot of risk to accomplish it. Instead, just aim for 20 return a year. Possibly just risking one percent of your account on each trade. Twenty percent a year.

That's doable. Then let's say you compound it for the next 30. Years And along the way every year you add in an extra thousand dollars to your trading account as well. Now can you guess after 30 years how much your trading account will be worth? Take five seconds and take a guess.

One, two, three, four five. Okay, so the answer is this right. your account will be worth 1.6 million dollars I Kid you not, this is a compound interest calculator. You can go and plug in, plug in those numbers into your own calculator and see it for yourself.

And here's the thing right: I Only start off with a thousand dollars, right? in this example, right? If you have more Capital you can put in more money to your account each year, You can see that your earnings, right The sky is really the limit. Yeah, So here's my question to you: Do you want to blow up your account consistently over the next 30? Years Or do you want to safely grow your money consistently over the next 30? Years Choice is yours. Okay, next one, you must have an edge in the markets. This is important and I'll explain why.

So let's imagine this right. Let's say you have a trading strategy that wins 50 of the time half the time. Let's say you have a thousand dollars trading account and you risk two percent on each trade zone. Meaning, whenever you have a loss, right you would lose twenty dollars.

And let's say that whenever you are right, you win ten dollars. Now let me ask you this very important question. If you were to trade this trading strategy, will you make money in the long run? Yes or no. Three seconds, one, two, three answer is it's no, of course, not right.

Why is that? And the reason is simple is because your losses, which is this 20 is much larger than your winner. And on top of it, right, you only win 50 of the time. Meaning, you also lose 50 of the time. So clearly in this example, right, this particular strategy doesn't give you an age in the markets.

Now here's the thing right? What if you are a disciplined Trader you're the most disciplined Trader out there. Even more disciplined than the monks in the mountains. Will that matter? No, Because you just end up as a disciplined loser, you can follow this strategy to the T You'll still end up losing because again, this strategy doesn't have an age in the markets. Now What if you adjust your risk management, you don't risk two percent on each trade? Maybe you risk.

Let's say, you know, uh. One percent on each trade? Would that help? Well, if you risk one percent on each trade, then you're lost. right? instead of 20 will not be ten dollars at the same time. Right when you're right, right? your earnings will also be cut by half.

You only make five five dollars when you're right So clearly as you can see, right. Even if you were to dial down your risk management, you will still lose correct, lose in the long run because you don't have an age in the markets. So hopefully by now you can see how important it is, right to have an age. Now some of you might be thinking so.

Rainer How do I find an ancient Mark As well? Many ways to do so. But in my opinion, the fastest way to do it is to stand on the shoulders of Giant. Right? You don't have to reinvent the wheel, simply study what works on. And these are a number of trading books that I would recommend you to go and read: Because I They have really come inbuilt right with proven trading systems that work with back tested results.

Screenshot this chart All right. I Mean this, this slide right on a piece of paper whatsoever. This will help you really shortcut your learning curve and give you an age in the markets foreign times? No, this is important. So pay close attention because what I'm about to share with you is something that you have likely never heard before.

So manage your risk right? So imagine this right. Follow along with me. Imagine there are two Traders John and Sally. They both have a thousand dollars trading account and they have a 50 winning rate on their trading system and they have an average of a one to two risk reward ratio.

So let's assume right over the next few trades, right? This is the results right of their trades. So let's say it's you know, Lose, lose, then win, win, Then lose, Lose and win. Win and win, right? So this outcome for the next few trades. So let's say John right? Key Risk: 50 of his account on each trade which is about 500.

and sadly, she risked twenty dollars of her account per trade. So let's have a look at John first so you can see that John Wright Risk 500 So first trade is a loser minus 500. second trade is a loser minus 500. John has essentially blown out his trading account.

What about Sally So sadly again, First Trade is loser. minus 20 for Sally Minus 20 here. Again, but winner. Now how how much they sell he made it's 40, right? Because as you've seen over here, we have an average of a one to two risk to reward ratio.

So her winners is twice the size of her loses. Same for here: positive 40. This is minus 20, minus 20 is positive 40, 40, and 40.. Okay, so in total right, how much money did Sally make or lose? So take five seconds to calculate one, two, three, four five.

Okay, so if my math serve me right, Sally made a total of a hundred and twenty dollars, which is about a 12 gain of her account. So can you see how important this is? Both John and Sally are trading the same system, but one of them blown up his trading account and the other one made the 12 written on the account. So what's the point? I'm trying to make The point is this: you can have a proven trading strategy that works, but without proper risk management, you will still lose. Are you with me? So far, consistent action gives you consistent results.

I Know this sounds a little bit. you know, vague. So let me give you an example so you understand how this works. So imagine your trades right, the outcome of the next few trades is something like this: Lose, lose, lose, and then win, win win win win.

Okay, so let's say you're trading with a proven trading system, right? And you're following your rules. And as you can see right as you follow your trading rules, your first three trades are losers. Okay, so you've man. you're feeling really raw.

man. three trading loss. and this sucks. Trading is tougher.

So when the fourth trade comes right over here, you decide to skip it because of the recent losses that you had. You think, oh man, you know this is likely to be a losing trade as well. Let me skip the trade. Well guess what? It turns out to be a winner over here.

Then your fifth trick comes along. Again, you decide to skip the trade because of the recent losses that you have encountered. right? The pain is still very wrong. So let me skip the trade again and once again, turns out to be a winner over here.

Why what the So, Then comes the next trading opportunity and now you're stuck right? You're thinking, man, should I follow my trading rules or skip the trade. But because the recent losses are still too much to bear, you decide to, you know, let your emotions take over and skip the trade And then guess what? Another winning trade that you missed? No. God So at this point, you can't take it anymore. Okay, so you decided to follow your trading strategy because if not right, you might miss out on further again.

So we decided to take the next trade that comes along and finally you caught this winner over here. However, if you look back, your winner is not enough to cover your losses the three losses that you had earlier. And if you look at this from a big picture standpoint, if you had followed your rules, you would have, actually you know, come up ahead come up profitable because you had actually Four winners over here compared to your earlier losses that you had earlier. So four winners against three losers you would have you know, made money right over this series of Trades.

But because you didn't follow your rules because of emotions because your actions were not consistent, That's why you didn't get consistent results. So I Hope through this example, you can see that if you want to be a consistently profitable Trader you must have a consistent set of actions. Whenever the setup presents itself, you got to take it. You gotta second guess yourself.

Oh man. I Think it's gonna be a loser? Let me skip this straight. Yada Yada! Because guess what, if you end up skipping trades, your results will not be consistent because your actions are not consistent. Okay, now let's do a quick recap right to what you've learned today.

But before you do that, smash the thumbs up button and hit subscribe If you haven't done so, Number One, trade along the path of least resistance because it's easier to make money trading in the direction of the trend. Number two: If you are in doubt, zoom out. So for example, if you're on a forward time frame, you're not sure what the market, what the price action is doing, go up to the Daily time frame. Number three: If you're still in doubt, then it's best to stay.

Health Four: Honor your stop loss because every large loss Right started off as a small loss. So if you can contain your losses right, you will never, ever encounter you know, a huge loss that wipe out your entire account. Number Five: If you've planned, Rather, if you fail to plan, you plan to fail six. The Holy Grail of trading is trading multiple trading systems.

So this way you can profit in different market conditions. Whether it's a bull market bear Market or even during a recession, you would have a trading system right that would work in that market condition. Number seven: You want to go slow to go far, Right? Don't try to go big. All right, because you likely go home.

So go slow to go far. Number eight: You must have an age in the market. Something that you repeatedly do. They use a positive outcome.

Number nine, you must manage your risk and number 10: a consistent set of action will lead to a consistent results in the long run. And as I was saying earlier, if you want to profit in different market conditions, you need to adopt multiple trading strategies. and you want to learn more about such trading strategies that I myself use to trade the markets. then join me at my upcoming webinar called stock Trading.

Secrets It's Free I'll put the link somewhere below this video. just sign up for it. but that's it I Wish you good luck. Good trading I'll talk to you soon.

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