In this video, I'm sharing with you the most unpredicted and unconventional advice for aspiring traders. This advice is something you didn't need, but that will help you become a better trader.
Trading is a risky business and it's important to have all the information you can to make smart decisions. In this video, I'm sharing with you the advice that has helped me succeed as a trader. From managing your emotions to being flexible with your trading strategy, this advice will help you succeed in the markets!
Trading is a risky business and it's important to have all the information you can to make smart decisions. In this video, I'm sharing with you the advice that has helped me succeed as a trader. From managing your emotions to being flexible with your trading strategy, this advice will help you succeed in the markets!
Do you agree with this in popular advice for beginner: Traders For newer Traders or people who are thinking of getting into trading the thing, do it if you want, but like, maybe don't actually use money for like a year or two just so you can see how you feel and all that because that statistic of majority of people lose is true, That will hold true. So if it's money that you can't lose, just just don't.
This is the biggest truth. It's not fun struggling. You seem to learn faster having money off the table. And all you would have lost is a better deposit
what brokerage do you recommend? to practice trading on paper that has exact thing on the real trading?
What an I d I o t
Backtesting is key 🔑
Nothing better than long term trading. Oh and that the economy is in top tier shape not during uncertainty.
I completely disagree! If you don't truly try it you'll never gonna know!
3 tips
Get good at risk management
Percentage and consistency
Edge and strategi.
Now 90% of trading it's about psychology and getting to fight your inner demons
Anybody who tells you not to do something you can benefit from is someone you shouldn't listen to.
Paper trading is a joke because it allows for you to be extremely reckless with your emotions..
You need to get a cash account and focus on trading what you can afford to put into you account weekly.
Let that compound and get better and better..
In the beginning it's not about making money quickly, it's about sticking to your simple strategy..
Remember this.. if you compound 3% of $1000 every day that would be well over $1,000,000 by the end of the year. Actually over 2M..
Just learn the charts. The 9EMA is a great indicator for beginners and get as many strategies under your belt as you can..
Other than those things (and a few more.. not writing about every little thing) the only thing that makes trading hard if is the management of your emotions and the mental adaptation to the charts..
You can study charts and technical analysis all day but regardless it's still going to take your brain a while to familiarize itself with patterns.. but once it does you'll have the confidence of a successful trader and you'll be on your way..
So just like with anything else in life. Be extremely patient with yourself and take your time with it..
Life is about incremental gains!!
Get you some charting cards from Amazon or an encyclopedia of patterns.
Read about 10 pages of it everyday and focus on recognizing trends and patterns on a few stocks weekly..
Focus on trading about one trade daily gaining just 3% minimum. After a while you will gain confidence and your account will grow.
no i don't agree.
If you can't make it paper trading then you won't with money. When you start with money trade small and tight stops. Also there's alot of "traders" on YouTube that aren't as good as they pretend to be. Be careful who you trust and do as much research as you can . God Bless
I totally agree. You should take at least a year to pay per trade. And even after that you still won't be right.
I Agree with Using Paper Money for awhile until you see Some consistency
i just quit being in law enforcement for 4 years and now am retired at 26 with selling options (covered calls)
If you’re driving a Porsche Carrera and you live with a freaking nice amazing place in Vancouver cause I know Vancouver tell expensive and you have a Nassau for set up and your Friday on a Mac laptop after you open it out and you’re going to hard-core girl I don’t even go half with a car course. If I showed you my cello you would literally be like what the heck and I’d like that Play-Doh Play-Doh sometimes you gotta scout these boys and girls I would tell you that the set up that I like to use so simple you don’t have to do all that kind of stuff. None of that stuff is necessary or you look at it one one website and I have the code here. I’m gonna give it to you if you come here so I have the one code and then the other code and if you’re writing it on looks like
Some people freeze in snow, others ski. We are not equal.
Dumb ass answer
Funny how everyone thinks they will be in the 5% camp. It’s this lack of using statistics that dooms people to all of life.
Just start small with real money and learn. By the way that guy does not how to trade and he is just gambling. Humbled Trader is great though
Trading is a skill that requires time and patience to learn it like any other skill. However the returns when you have found your edge will fast track you to wealth like no other carreer can. I think everyone should learn to trade
No, I do not agree.
Nope. Not at all.
You should demo A LOT before you trade but you should definitely trade. Go after you dreams.
People who are scared to lose will never win at ANYTHING in life.
FBA/ B1
hmm everyone have different learning curve, all i can say dont gamble with money, back test forward test then use money
I'd go with a small account, like $100 to 1000, and pretend it's all you have, in order to learn how to deal with the pressure of trading.
Lost $70,000 over a 3 year period of trying to master the market. Now I short the market with very fast scalps. $10 here, $20 there and it adds up over the course of a day. Be patient people. Baby steps!
He speaks the truth , back test and learn with fake money first
True da true