Hey, hey, what's up my friend? So you're watching this video because you're sick and tired of losing, consistently witnessing losses after losses. Or perhaps you're not losing, but you're stuck at break even for the longest time, right? Anyone know what it takes to become a profitable Trader Man Reyna Tell me what's the secret? Well, whichever category that you belong to, don't worry, because in today's video, I'm going to share with you the fastest way that you can become a profitable Trader Even if you have tried everything else and failed sounds good, then let's get started. So here's a true story. I Know of a trader name called Sam right now, not his real name.

So Sam is someone who wanted to learn about trading right because of the opportunities that he offers. So Sam is someone who has been relatively successful in life, graduating first class owners, got a relatively high paying job right and whatnot and whatever he said is mine too. Usually he finds success with it. Yeah, so trading is an Endeavor he wanted to pursue.

So how did Sam learned trading? Well, he started like you know how most Traders will go about doing it. He figured things out on his own, risking his own money right? and through trial and error. And what happened to Sam is that he spent years right trying to learn how to trade the markets. Along the way, he blew up multiple trading accounts.

He lost five figures right in this endeavor and eventually the losses became too much for him to. Bear. Eventually, the time and effort that he spent right wasn't justifying a positive Roi return on investment and eventually Sam had to call it quits right and give up on trading altogether. Now if you ask me like, what is the mistake that Sam made and it's actually quite simple is that Sem tried to reinvent the world.

He tried to figure things out on his own and by doing so, you're going to waste a lot of time, effort and money trying to, you know, solve the puzzles of the market. So my first suggestion to Traders right who are not yet profitable who are struggling is this is: don't Reinvent the Will. There are Traders There are systems out there that already are proven to work in the market. Use those as your foundation as a base right to develop your own trading strategy and to give you some idea to it.

Here are some books. That aspect has the results with it so you can you know screenshot this, pause this video. Take some notes right? because these books will change your trading forever. Okay, I'm not asking you to copy the trading system in this book, but rather learn from this book.

What are some of the proven trading systems that work that use that as a foundation and then go out there and tweak the trading strategy to your own needs. Maybe trading a different time frame? trading on different markets whatsoever. But use this as a foundation so you're not starting from scratch. Does it make sense? Now if you are a price action Trader or a discretionary Trader, don't worry I got you covered as well.

So here's a trading strategy right that you can use right or to build upon right to develop your own price action strategy. So for me, what I'd like to do is to trade with the trend identifying markets in an uptrend and then I let it pull back, retrace to an area of value like an area of Support over here and then what? I look for next is a valid entry trigger to go along. Could be something as simple as like a bullish reversal Candlestick pattern like a hammer right and then look to enter on the next candle open stop loss usually a distance below the lows Target usually just before this recent swing high. So this is a relatively simple, straightforward strategy that you can use to trade in a trending market.

So a quick example is this one. Over here you can see this chart. This is the chart of Uh FICO so look at this right. this is this stock is in an uptrend.

Okay, and if you look at the previous area of value, look at the price action around it. like for example this over here and this over here right? Notice how this Market came back towards this area of support right, took out the slows and then it rallied up higher. So same for this price action over here. Market made a pullback towards this lows right, take out this lows and then rarely up higher.

So right now you can see that this Market is potentially making a pullback. Okay, so this is the area of support I'll be looking at so I'm looking to see if the price can come down lower. Take out this lows right and reverse up close higher. backup of support if that happens I'll be looking I'll be interested to buy on the next candle open again stops below the low.

My stop loss here Target could be just before this recent swing. High Okay, and this is again a relatively simple price action trading strategy that you can use so you can tweak it to your needs to different markets, time frames or whatsoever. Okay, number two is to manage your risk I Know you're probably thinking you know I've heard this a thousand times. No, this is importance of 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 nutrients. So let's say John right? He risked 50 of his account on his trade, which is about 500. and sadly, she risked 20 of her account per trade.

So let's have a look at John first so you can see that John Wright risked 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 Sally Again, First Trade is loser minus 20 for Sally minus 20 here. Again, but winner. Now, how how much did Sally 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. Yes, 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 return 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? So if you're enjoy enjoying these training so far, smash the Thumbs Up Button If not hit subscribe. Okay, moving on.

Number three, 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 here as You Follow Your Trading Rules your first three trades are losers. Okay, so you man, you're feeling really wrong man.

Trading loss. In real life, this sucks. Trading is tough. 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. What 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 Please No No.

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 follow your rules you would have actually you know come up a hit, 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 get a 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. The fourth tip that I have for you is this: keep moving forward.

So here's the deal right. There will be a time right where everything looks so. Bleak Like you know, man, there's no hope things are not working out for you right? For example, you can have proper risk management. You can be consistent with your actions.

You can be the most disciplined Trader out there, but because maybe for the fact that your trading strategy doesn't work, you still end up losing. And at this point right most Traders they will throw in the towel. they'll give up. They'll say things like you know, this is unfair.

Man, the market is rig. trading is a scam, blah blah blah. or you can keep moving forward. So this reminds me of a code right from Rocky For those of you who watch the movie at Rocky Sylvester Stallone right says it ain't how hard you can hit, but how hard you can get hit and keep moving forward.

That's how winning is done right. So this is the same for 3D So yes, right you might have. You know, some failures along the way in trading, but guess what? It just tells you that whatever you've been doing is how you should not trade the markets. So go back to the drawing board.

I'm going to step one, You know, get new trading ideas, strategies to trade the market and you know, read the books I've shared with you earlier. Then step two, apply proper risk management dur and then step three, be consistent with your actions right and then gather the results. Once again, if you keep following this process that I've shared with you, there's no reason right why you will not succeed as a Trader that's a winning star. Number five.

Always be a student of the market. Let me share with you a quick story. so you're seeing over here. This is actually me right back in my prop trading days.

or I think in my 20 days like, well, young, hungry, and free. Yeah, So back then right, I was trading the Nikkei Futures otherwise known as the Japanese stock Market. So many of us prop Traders We were trading the Japanese uh Market back then and one of the core strategy that they were using is actually what we call RB charging. Why are we charging is because the Nikkei Futures is actually traded on four different exchanges.

And by trading on multiple exchanges, right? they are able to find arbitraging. Opportunities. So let's say a Trader buys from exchange A buys an EK contract at 100 and then quickly sell it on Exchange B for a hundred and one dollar. I'm just simplifying things.

Okay, so when you do this many, many, many many times a day, all right, you can actually make six or even seven figures a year. Right from this, I'll be charging opportunities. So back then right, a lot of traders that make a ton of money right from this uh, particular trading approach. Then slowly something happened.

They realize that man, the profits are getting smaller and smaller. Why is that? That's because the algorithms. the machines enter the market. and as you know right, machines are always faster than the human.

Trader Right before you can even click, buy, the machine actually buy and sell already. So the machines came into the market and eroded this age right that they had for a number of years. So what happened next is that I Believe right? 90 95 of these Traders They couldn't adapt to this new market conditions and they quit and left trading all together. Some even became a cab driver, right? Not no shame in that, but that's pretty much what happened to them.

So the lesson here is this is that there's no guarantee in trading just because a trading strategy has worked in the past doesn't mean right. It will work in the future forever. So this is why, right? You must always remain a student of the market to be adaptable to be able to you know change right when the times have changed. And this is also why whenever I trade a new system or strategy right I want to make sure that strategy at the age right it doesn't lies.

you know being the fastest doesn't lie in having the best information of the the information that nobody has, but rather it's based on human behavior human biases because as you know, right human now, emotions is very hard to change. and if my training system can exploit such a behavioral biases, then there's a good chance of that trading system right working for the foreseeable future. So if you want to learn such a trading strategy that exploit the right human behavioral biases, then join me at my free upcoming live webinar and I'll share with you a proven stock trading system that has generated 3225 over the last 22 years. I Also share with you right how you can grow your account to six or seven figures and Beyond right? even if you have a small starting capital and much more, I'll put the link somewhere below this video right, click on it, sign up for it, and I will talk to you soon.

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