How To Grow A Trading Account (4 Key Aspects)
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- Опубликовано: 14 май 2024
- Every trader whether it's a swing trader, trend follower or breakout trader, all want to grow their equity in the quickest and safest way. Having a strategy is one thing, but the strategy must have 4 basic principles providing positive expectancy over a large sample of trades.
Once the key aspects are recognised you can then go ahead and compound your account with a degree of consistency, just like Mark Minervini, Kristjan Kullamagi and of course myself :-)
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As a long term investor/trader I have consumed hundreds of financial books and endured countless hours of self education. My hope is that this channel will reduce the learning curve duration of many aspiring investors by providing the key information in a concise and enjoyable manner.
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If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
@@patrickscott6100Making touch with financial advisors like Kimberly Kent who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times.
I heard someone mention that a couple made more than $180,000 during this bad season. I need such luck, hehe
She's awesome she has managed my investment so well and my weekly returns are mind blowing.
Having monitored my portfolio performance, Kimberly has made me a jaw dropping $370k from just the past two quarters alone. I have learned why these experienced traders make enormous returns from the seemingly unknown market
@@guillaumeclement2363 Those who CAN, DO. Those who can't, TEACH. Those who can't TEACH become ADVISORS!!!!!!!!!!!!
I came here to get an idea of how to trade utilizing A.I trading bot after hearing a guy on a podcast talk about the importance of A.I trading bot and how he made $660,000 in 6 months from $50,000. This video has helped to clarify a few things for me, but I'm still puzzled, I'm a rookie, and I'm open to suggestions.
Investing in stocks is a good idea, a good trading system would allow you to spend many successful days.
@Brilliantrans Interesting. I have a lump sum that does absolutely nothing to my bank account, I want to start something with that. You seem to be doing very well, how can i reach out to this investment-adviser if you don't mind putting me to the right direction?
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
I follow and love your videos. Unfortunately, it's been a while since i visited it has been a very rough year... i am experiencing one of the most challenging phases of my life... Lost a fortune investing in emerging companies... Hopeful, for a turnaround.
It's the market. If you can't be on it on the bad days, you shouldn't be in it at all. BTW, as a novice why didn't you work with an expert or at least made proper research about the companies before investing? Maybe you were too casual and hasty with your decisions because as a complete beginner investor myself, in all honesty, I have made over 45K profit from my positions in a few months of trading with Gary Joe Wilde. I wish I started earlier.
@@kentucky4494 Not far from the truth i regret 💔... Pls how can i reach Gary Joe Wilde? What's his finnr reg code? I love the testimonies i have seen about him by Chris, Brian, and some other youngsters on Makeit.
@@bertjames436 I am not sure what that means but I know he's registered. Run an online research about him he is quite renowned and long-established mentored a good number of reputable pros.
@@kentucky4494 You are right. I can remember grant and many other older advisors often talked about him in their early vids. They call him "CommandaX"
I am sure practice should help you make a faster turnaround. When past is "on" the mind, it becomes heavy to move forward. Every time a small profit happens, the whole group of past losses stands around one's face with lust in their eyes and this thought keeps ringing "This trade will cover all my losses" !! Jesse Livermore had literally ppl who had given him loans knocking on his door every time he had small profits. Finally he called all the lenders for a meeting and requested them not to bother him for some time. Everyone agreed and also said, we will not charge any interest for this waiting period. Anyway one guy who had lended least around $800 did not stop bothering him. Same way if you can ask your past to shut its shop for sometime and not keep sending reminders all the time, i am sure you can turnaround. The past keeps quiet when one puts in honest effort to improve. Loose some sleep and start practicing. All the best !!
this is an extremely valuable video, not only for swing trading but trading in general. bookmarked this to watch again. the rules discussed need to be revised regularly by anyone who trades!!
Hi, I wanted to say I enjoy your videos. You have a clever way of making them informative and educational at the same time. I wanted to know what are your top 5 books you would recommend for a beginner in the stock market.
Thank you.
Thanks Gareth. The math is always fascinating. Almost all my trading these days is spread betting on the NDX. Main attraction only needs a 6% stop loss. Principles similar to those you have outlined but I use a trailing stop instead of a limit. I'd love to see a video on index trading if you have time.
Thanks William. Perhaps I'll add it to the list 👍
This channel is so insanely valuable and legitimate, I can’t believe it. Thanks so much for this work 🎉
Glad you enjoy it!
Eye opening maths..really helpful brother. Swing trades can make you big money...👍👍
Thank you Sir for your valuable guidelines
It's my pleasure
Where do we join the community?
Thanks for valuable information about swing trading.
Thanks 🙏
wow man you are great trader. Congrats!
Could you explain the math behind the success rate R/R table. I feel like the biggest problem for most traders is how to build and backtest a system to find expectancy. I know the formula (PB winning% * average win) - (PB losing % * average loss)= expectancy but how do I backtest my results from a set of trades to see how viable a system is and if it can be optimized. If you could do a video on say a simple moving average cross strategy and show from a set of 10 trades how you would find expectancy that would be amazing. Great vids as always Gareth keep it up!
Thanks... You really need a large sample size to determine an accurate expectancy. First you need to have the logic, then that needs to be extrapolated across lots of past trades, either a personal trade log or back tested/historical data. You are right, a video may be useful here...
Best explain. great video
Excellent thanks
How is the % return calculated? Thanks.
Hi, can you please advise on how you manage currency exchange risk. I am UK based and actively trade US stocks only so as I increase my exposure, I increase currency risk.
Do you accept this risk as a part of business or do you have some type of strategy to try and mitigate it?
Thank you very much! I do have a positive expectancy but also expect the GBP to continue climbing higher vs the USD.
Brilliant video, as always. Just out of curiosity, what animation software do you use to create these videos?
Thanks - Videoscribe
Thanking you sir, a subscriber from India with lots of love.
Welcome!
How are you doing this year in the US investing championships?
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Catherine Gauthier.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn't know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
You trade with Catherine Gauthier too? Wow that woman has been a blessing to me and my family.
she's mostly on Telegrams, using the user name
GAUTHIER6 💯 ..that's it
Nice video gareth!
Thanks Cagri
Sorry, but I just can't figure out how to calculate the result in % with this data.
Could you (or someone else) please give me the formula?
Thank you very much and my compliments for the videos. They are the best! 😊
what time in the video?
@@FinancialWisdom Thanks for the reply. It´s the time between 3:00 - 3:25 (positive expactancy)
Thank you for the video. Really want to join membership for your group but need to saved up a bit more as most of my money has been poured into brokerages account. Also because of foreign exchanges rate of my country currency with USD,the price is a bit hefty😂 will paid for when i saved up a little more
Great video! I struggle with position sizing. Running 15 diverse positions at the moment. I like what you said about it takes more winning trades to double your account with the more positions you have.
When the losers fall off, do you think it might be better to add-on to the winners and reduce portfolio positions rather than look for new positions?
You should read into dynamic risk models and meta-labelling. You will not leverage an account or increase trade frequency during poor market regimes.
@@lukemtestagwwg8239 That is some intense stuff. I'm not ready for all that. I make pretty good use of a Google Sheet. Sizing by Portfolio Allocation, Risk, Volatility, Draw Down and Available Cash. Balancing diversity and the number of positions to get the most of the number of trades I make is where I seem to be struggling.
In my opinion 15 positions at once is a lot to manage. How long is the hold time for these positions? And what strategy are you trading?
I don't add to winning positions, i.e add more risk, considering that the position is already adding equity risk by growing already.
approx 80 days holding, depending on market environment. I use weekly charts
4:00 Legendary traders
5:30 Position sizing
hey gareth, does 10% risk on overall portofolio is too big a risk? i use concentration and not diversification, do i need to use progressive exposure to shrink it? 💙 anyway much love and good luck on your investing championship 😊
I use a maximum 16% position size when the market is healthy, or you strategy is conducive the market environment. When it is not I reduce to 10% position sizing. 10% is not high when you consider the use of a stop loss.
@@FinancialWisdom Please, instead of being so close-boxed about it, tell them how you calculated your optimum position size, or your dynamic model. People reading this may be blind and apply a 16% position on a system that has a risk-to-ruin of 40%+ on a 16% position size. You cannot simply apply a static value to all systems (and a static value should actually never be used in practice). You are setting these guys up for a disaster!
@@lukemtestagwwg8239 you need to watch all my videos, especially the Kelly Criterion that I use. Our members are certainly not set for failure.
Hey Gareth! How’s the UISC going so far? Cheering for you
Its ok, I'm in double digit profit to date but a long way to go....
The erosion of my financial reserves due to inflation adds to my concerns. At this point, I'm still at a crossroad regarding whether or not to liquidate my $138k stock portfolio. What’s the best way to take advantage of this current market?
Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.
I'm actually interestd in this idea of invstin thru an analyst. S0unds like the most sensible thing to do in the mrket right now. Culd you give me a pointr to who you wrk with, please?
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
All comments are scams lmao pathetic
Which platform?
very informative channel
Glad you think so!
I LOVE THIS CHANNEL
Thanks 🙏
Hi... I'm considering joining the group but have a few questions... Is there a way to reach out to you so I can ask privately? Totally fascinated by your approach by the way!
Of course, I'm active in the members area/forum
@@FinancialWisdom I didn't join the group yet and have a few questions before I do... Specifically about ibkr... I'm on e-toro... Would you recommend I shift to it to be able to make the best use of the group or will e-toro have the same markets / equities you recommend?
@@anhassabu Hi - Etoro is ok for Crypto, but I recommend IBKR or even IG Index
@@FinancialWisdom ok... So ibkr or ig index?
@@FinancialWisdom I mean... Which would be the best choice? Ibkr or ig index?
What is the difference between no of positions & Total no of trades ?
Number of positions is how many you hold in a portfolio at any one point. Number of trades equates to how many trades you have completed (closed trades)
Great video, informative as always, but it seems strange to see you referencing your trading system in a swing trading video. What you do is wonderful and profitable, but it isn't swing trading ;-)
True, its more to show that with a mechanical system based on risk reward etc, you can turn a profit
The best way to swing trade is to trade reversals…trade from hi or low..
Only from technical point of view, you're doing your entries?
No I use some fundamentals too. Built into our scanner :-)
I want to find myself as an investor.
My first question is:
What should be the profit goal for an investor/trader?
Of course if one can begin with 10,000 dollars and end The year Witherspoon one million that would be great.
But, reallistically.
Would 20% a year be enough?
That's well above SP 500.
Warren Buffet portfolio is about 20% a year.
Then, What should be my goal?
Still: what should be the minimum value to invest?
10,000?
What should be the strategy?
Try Quick 1% profit trades?
Swing trades (5, 10, 20% gains within 2 to 10 days?).
Or position, waiting 1, 2 years for a 30, 50, 100% profit?
And, above all, avoiding stress, taking too much time of the Day in front of the screen, or worrying about losses?
Thank you.
Your goal should be to preserve capital, other positives outcomes will come in time. Try not to be specific in terms of returns from the outset.
❤ Lovely
With that track record the obvious question is why not manage OPM at a fund and get that 20% performance fee lol
Financial legalities... Not for me :)
I've heard Qullamaggie and Minarvini both say they stop out at 2% max. You're suggesting too much risk. 10% loss is never necessary. How many trades go to 5% loss and turn around to become winners? Not many.
10% is per position not total equity risk, I agree 2% max of equity risk per position.
To remove your emotion you have to have rules that are rigid as possible
Absolutely
Pro: 80% and R.R:1.1 is hard to achive
Very
@@FinancialWisdommostly impossible
the top trading strategy is day trading . High win rate ... Do your research. U have a narrow focus. Almost ignorant. Easy to beat minnervini. A day trader has infinite capital n can turn his book over many times over. It's about high win rate. I've seen an fx trader turn 300 to 1 mil. Let's see minnervini do that.
@@heetdave4100time is more valuable than RR. What did minnervini do during the bear mkt last year? Adamoption Twitter avg 2 mil per mo last year... Trades weekly options. Investor domain turned 300 to 1 mil day trading mainly fx on leverage in 42 days. He has another one going on now. Open up your mind. U have to be a disciplined skilled trader. Both have high win rate. Again u don't understand returns. Time is the asset over RR. This is math.
@@heetdave4100 the biggest problem w growth momo strategy for avg person is not everyone can hold 5 positions at 200% margin. The avg trader using this momentum strategy can't do this. Again time is a problem. U can get 3 to 1 but if they hold thru a large basing then time hurts returns. The notion that compounding by holding long term has been debunked by short term trading. I've seen a hyper scalper turn 50k to 350k in 5 mos. 13k day trades. Time n infinite capital (portfolio turn) favors day traders... Now huge volatility n options trading. More day trader turned millionaire than I can count
01/01/2024 time 18.36 GMT kurang mengerti mengenai penjelasan di video 🙏🏾
The market is very unstable and you can not tell If it's going bearish or bullish. I advise y'all to forget predictions and start making a good profit now because future valuations are all speculations and guesses.When these reports are bullish take some off to the side lines, when news gets bearish start buying. "Keep it simple simple" that bear/ correction was the best thing that happened me. But all thanks to Tammy Brockman for her amazing skills for helping me to earn 32 Btc through trading chart. I believe we are in the spring phase
Due to the resent fall in the crypto market, I don't think it's advisable selling, it would be more beneficial and yield more profit if you actually trade with Tammy signals.
I lost so much money trading on my own, I think I'm motivated to trading again but this time with she thanks for sharing her contact.
Everyone needs more than than a Basic Income to be Financially Secured in this present time that there's an Economic Decline.
Tammy literally saved me, just before the crash she advised me to get out of my long position. I'll recommend her any day.
Even when Bitcoin is looking bearish with the market sentiment swinging low. But she kept us grounded with her real analysis, just the facts in the charts.
If you edge is so good, why would you sell it and allow people to follow you, essentially degrading the edge?
dont believe a word of it
@80% winning rate the number of loosing or winning consecutive trades is 7. with 10% risk at one point you lose 70%
i have been making losses trying to make profit trading crypto . I thought trading demo account is just like trading the real market... can anyone help me out or at least advise me on what to do?
trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade .
i will advice you should stop trading on your own if you keep losing and start trading with Mrs Katherine Miller trading services.
wow i'm shocked you just mentioned and recommended Mrs Katherine Miller i thought i'm the only one trading with her
you dont need to be shocked because i'm also a huge beneficiary of Mrs Katherine
She earned my trust since September last year, when my colleague got paid USD 15500 after investing About 2000
Sorry I stopped watching when you said "Simple Math". :D
I AM FROM ENGLAND WHERE I WORK AS A JOURNALIST UNTIL I MET EXPERT MRS KAREN CHARLES, MRS KAREN CHARLES IS LEGIT AND HER METHOD WORKS LIKE MAGIC. I KEEP EARNING EVERY SINGLE WEEK WITH HER NEW STRATEGY
Trading with an expert has been the best way of making huge returns from crypto currency.
You need someone with the knowledge and strategies, someone dedicated to the cryptocurrency market business like Exp Mrs Karen Charles
I'm happy I did Invest with her and I still reinvested and the trading is still ongoing
I just received my profit of $30,000
After God in my life, is now next to Mrs Karen because she has really brought me out of credit and sorrow,