I FAILED TRADING for 3 years - NOT ANYMORE!
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- Опубликовано: 3 мар 2023
- After 3 years of not finding great results with trading, here's what I learned.
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DISCLAIMER: I am not a financial adviser. The videos on my channel are for educational and entertainment purposes ONLY. I'm simply documenting my trading journey so that you have the potential to take ideas and inspiration from the videos that may help you within your own journey. But remember, trading/investing of any kind involves risk. Your trading/investments are solely your responsibility.
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#ForexTrading #ForexJourney #ForexTrader 
Развлечения
I effing love this channel man 😭😭 do top down talk about your risk management techniques
Thank you! Got a video on risk management 💪🏿
Love your mindset bro, bright future ahead of you in this business
Thank you! 💪🏿💪🏿
Great video. I have been switching strategies without even knowing looking for some perfect but its just playing the probability once you have something that's it
100% mate
Kimmel! Im happy i came across this video. I have a strategy too which i love - but ive been slipping. And ive already began AGAIN too question the strategy. But i know it works. This served as a great reminder, thank you. You just gained another follower.
Great video my friend. Lots of valuable lessons in what you've shared 👍🏼
Finding a profitable trading strategy is easy. Finding a profitable strategy that suited you is way harder indeed.
💯💯💯
@@GrgAProduction ❤
Love the advice and your honesty. No traders are perfect. 👍🏻
started grading my days by percentages and it was a real eye opener. ex: i have 4 objective KPIs per day and if i follow 3 but break the 4th, my grade for that day was a 75%, or a C. this helps me describe to myself and to others how my trading day went and it's process oriented rather than outcome oriented. i also employ asymmetric compounding and that is also helpful on really good days
That’s really good! I started also tracking my daily performance, and it’s really good to then review it!
I learned it's not about companies but money moving in and out that the stock value has higher impact than the %
Love that part you said about comparing your "Chapter 1" to somebody else's Chapter 10 , I stopped using socials a long time ago and it's only benefited my mental health
100%! Stopped using social media after I started trading too
Both of you are currently using social media..
@@RowdyLpx Are we? Damn
Another great video! You made me laugh as well. You're totally right about everything 100%. Great reminders. Cheers
Thank you!
Im in trading for 5 yrs now. And I agree in everything you said 👏
I recognise everything you mention and I've just subscribed to your channel because of the great content.
I can definately relate. I have the strategy part nailed. I know it works. Now I'm working on my psychology. And I've also decided to stop following other traders, because it just messes with my mind because I see them making a lot of money and it makes me want to make a lot of money and that only leads to taking bad trades or risking too much for a quick buck rather than playing the long game. Got to have an infinite game mindset! Good vieos bro!! Keep it up!
Thank you for being consistent
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I've only recently started watching your videos and I really appreciate your transparency🙏 You are not here to try and show your viewers/audience a perfect system because you're also learning❤🔥
I just wish more people could do the same thing, especially when beginners/intermediate are consuming that content. It just confuses people😤
Great points, TY
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Thanks for this Kimmel. My main problem is patience. Trading takes a lot of mental capital, and the longer and more analysis I have to do, the lower my performance is what I realized. Simulation is important by the way, just like pilots do. I document my journey on my channel 👍🏿 keep it up man
@@SacredCASHcow you're right 👍🏿 will do
It definitely comes with time! 🙌🏿🙌🏿
@@KimmelTrading definitely
Hey bro, I understand how you feel. Have you try scalping?
Sometimes trading is about getting to know yourselves better, and finding your true self.
Use scalping strategy to enter and exit the market within 10-15 minutes for one trade.
You don't have to follow others trying to catch every pips in the market. Just get what you need, and get out fast, securing your profits.
Maybe 10-20 pips is all you need. The longer you stay in the market, the higher risk you expose yourselves to the market.
Sometimes don't need to follow others such as targeting 1:10 1:20 risk to reward.
Maybe all you need is enter the market when seeing a series of higher high and higher low, wait till price retrace to demand zone, enter the trade and target the recent high.
20 years in with 3 kids and still no profitability is crazy 🤣🤣🤣
i think you should define backtesting and forward testing
Great video I have actually realized my problem isn't psychological my psychology is perfectly fine thanks for highlighting this topic. My edge isn't well tested and I don't know which are the best setups either so I'm creating a playbook now. Thanks for the content
Well, sometimes you do have to change strategies because the market changes and that particular strategy stopped working for a little while. And you don't have to use the same set up/strategy on every trade. Sometimes I trade patterns, sometimes I trade momentum or reversals... You have to trade what the market gives you.
But then it's a never ending cycle for people that constantly change when "the market changes"
Great one Mate...
keep it up
✌
Thank you!
Thanks so much for this.
ICT has so many strategies I'm finding it really difficult to pick one strategy
Go through the content, and then live trading will let you know what strategy you like
@@KimmelTrading Okay
Thank you
Can I get a few recommendations from you so I can do some back testing on them
“Ill take it if it appears” 😂😂 right on man me too! keep up the good work bro!
I love this video message ❤️🖤 Thanks bro
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Amen brother! you are absolute right. I've strategy hopped more times than i will ever admit to!
Hahaha 🥸
Thanks for this man
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This video is worth a subscribe! 💯 Thanks for saying this message clearly mate
THank you! 👌👌
i've huge respect for you kimmel you have a trading career such as mine i jumped from strat to strat from learning EA cross over indicators all the way to ict but now i'm like you said 100% all in ict it's either it or i'm out of trading and trust me brother the work we're both putting in will give result.
Let’s go! 💪🏿💪🏿💪🏿
Prefect video for technical vs psychology
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thanks
This inspires and helps developing traders...
Thank you!
I love what you're saying about social media, when I decided to give a f**k about social media my trading was so much better.
100%!
Strategy does work... working on my psychology now coz that's wat holding me back
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Totally agree with you 👍🏿
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Most of the losing trades have a technical reason why they are losing trades. Sometimes small technical details that make a huge difference. So not until you have an absolute knowledge about the strategy then you can start thinking about psychology as you say. The problem is that people start trading a strategy when they dont even fully know it. Take care my man❤
100%! Starting the learning curve over and over and over again! Best wishes!
awesome video K!
Thank you! 🙌🏿🙌🏿
it really all goes rogether...method, mind and money management - need to get all 3 right to trade well
facts mate. thanks for posting kimmel. AHHHHHHHHH. Let's fkn go.
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thank you
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Hey man, I've appreciated your channel for over a year now. The way I'm looking at trading right now is if I can't consistently make $50 a trade, I can't consistently make $5000 a trade. So, until I can make $50 a trade fairly consistently I'm keeping my risk at $10 a trade. I like 1:5 RR because I only need around a 20% win rate to stay break even and therefore remain in the game. I've studied Photon for about year now. Still struggling but I've burned my boats and bridges, bro. I appreciate being able to share your journey through these videos. Mine is similar.
Great video bro, I agree with alot of what you are saying. Rn I am trying to stack up funded accounts and go for those small wins. They add up eventually!
100%! Slow and steady!
3:02 it’s necessary to strategy hop to find something that resonates with you as a trader
Yes. Just saying "it's this strategy or I give up" is not the best way to look at it.
There are many different trading methods out there and not everyone is suited for every method.
It is usually best to first define what kind of trades you want to look for and how long you are comfortable being in a trade.
Are you the type who wants to go in fast and be out fast and just scalp? Are you looking for something a little meatier? Or do you want to lean more into the long term investment side where you buy something and walk away for a long time and come back to profits.
You also have to determine what kind of strategy appeals to you the most, breakouts, trends, ranges or patterns and whether or not you are comfortable with something that has a lot of steps or you want something that takes less time to chart.
Everyone has different preferences and no single strategy is best suited for everyone.
I believe so too
Thanks for the video, why not photon trading, you did a review a while ago.
Thank you.
I like those incandescents
Same here wasn't consistent till 4 years doing a funded account challenge going well amd my personal account also
Let's go! Best of luck 🙌
Funding is just a scale game, i have $1.1m under management and i never take more than 0.25% risk per trade. Im happy with 1%-2% a month. Goal is to have 2m under management by end of 2023! 🤞🏻
Love that! We look at it in a similar way! Goal is 7 figures this year for me!
Edit: 1M
@kaizen how to reach you bro? can i partner with you?
Thank you
😀😀
nailed it G! 🥂
Appreciate it!!
For me you're actually the one who is speaking the truth about those concept, thank you.
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kimmel, I have profitable strategy and I have backtest for months like 2,3 months consistently. In my backtesting I aimed for 1/10 with 2/3pip stop always and I hit TP always, but when I enter real position im not patient for my trade to hit tp and I always close it manually. I get frustrated when I see the price hitting my tp and I closed it manually how can I solve this?
I did do strategy hopping even with ICT (albeit I did it like once or twice a year) but now I found the model that suits me
Love that! Super happy for you!
@@KimmelTrading thanks!
Very accurate 👌
Thank you!👌👌
Strategy hooping is just another ‘chasing the shiny object’ just like switching from e-commerce, dropshipping etc etc.. consistency and learning one way of making the money over and over is the way to go. Know it inside out. After you have that one profitable, then start learning new ways. You can make money with basically every strategy. But only if you put in long enough time.
‘I do not fear a man that has tried out 10000s of kicks, I fear the man that has practiced one kick a 10000x times’ -Bruce Lee
Edit: haha there even you said shiny object..
Absolutely true about psychology... all these things build up. Right now, I am going through the psychology part and I am correcting this and working on it... I'm getting there
Best of luck!
The green light flashing in the background caught my attention
Yeah, won’t be in any more videos
Very powerful video. This applies to EVERYTHING, not just forex.
🤌 🤌 🤌
not me watching the mic input blinker in the background 😂😂...anyway good video
Wont be appearing anymore hahaha
wow- i cant believe you are talking about what i have discoved last year after 4 years of searching for a 100% winning strategy. I m in my 5th I stared making lots of money after developing strategy that wins around 65% PLUS money management. Thank you for sharing your journey.
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Great video.
Its not about the strategy all strategies is profitable its the person using it and thinking. I always say if u use it like a robot u will be super profitable
The most important components in trading are -
Strategy/technicals (10%)
Money Management 30%)
Trading Psychology (60%)
Van K. Tharp (RIP)
(The Psychology of Trading)
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You won my heart. These are the most needed words I want to listen to from someone. Thank you
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I believe that most of the teachers we found out there cannot teach. And I don't mean that they don't know what they're talking about is just that they don't structure the courses like you would see in let's say university courses and the likes of it. And where they lack the most is in evaluating, I believe that when you learn something you really have it engrained in your brain after a test or project. And from what I've seen, they never give you like a test where you can identify what they're teaching, and just saying that you have to backtest until your eyes bleed is not the right approach, I think that a lot of people jump strategies because there's no end to the course when they're structured like this.
I actually can’t agree because I’ve been in amazing courses that I’m super thankful for
@@KimmelTrading I want to clarify, I think this way since I come with an university education, I'm more used to structured plans where you get to test your knowledge and even though I believe a test doesn't mean that you're an expert on the topic some of us need that structure and I believe most of us do since we all most likely come from the same education model. However I think trading also involves self learning, and that's where I believe most of us struggle with.
iam flowing for three strategy bro thank you
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Great mate i trade for about 2 and half year now after wasting many of my my account and also the funded account that i bought i now realize that it's not the strategy but me,in this new year i fund my account with little money 100usd and i am seeing very good change now
Well done! Small steps!
@@KimmelTrading i am now trying to make some profit that i will used to buy funded account after confirming that i can pass the challenge before i buy it
do you think ict 22 mentorship is enough ? am starting ict am following his 23 mentorship and i decided to start the 22 too what do you think sir ?
I would follow the sequence he said in the episode 1 of the 2023 mentorship
Size of funded accounts are there to sound fancy. What matters is your accumulated max drawdown (whichever lower, daily or trailing)for all your funded accounts which is what these funded companies are on the hook for. Some funded companies don’t even send real orders btw and with most traders reset/ blowing account and challenges, there is enough to pay the winning traders
Better than demo for trade psychology, sure. Or I can set up a small margin account and trade small position to do that
100%, that's a great way to look at it: accumulated max drawdown!
Your frickin sick brother! Have you started with ES yet?
Not yet, not sure if I will too 🙌🏿
@@KimmelTrading its not as easy to get started with, but I think it'll be worth it.
I joined a futures traders community, and I'm looking into Top Step. I'm still going to watch all ICTs content, but it's missing something.
TA should always be used to focus on how much one can lose and NOT how much one can gain - Nick Shawn
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Get well soon Kimmel 💙
Thank you! 🙌
Perfect
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Nice one Kimmel 👍
Thank you!
I believe that you can wait to fix the mindset problems that actually come hand in hand with live trading, FOMO , fear of losing greed and all that jazz , but if you come into trading with unrealistic expectations or a get rich quick mindset you’ll never reach the point of having a profitable system because you’ll keep learning new technicals to attain something that doesn’t exist, so i think your mindset does need to be at a certain Level first.
Just my opinion 🤷♂️ anyway love your content though!
Started the video saying it's not about psychology and proceeded to talk about the psychological aspects of losing in trading. Very interesting. What exactly does psychology mean to you in trading?
Idea > *this is where you fuck up" > execution
Kimmel if you dont mind me asking. Do you still use SMC concepts in your trading? Like the Photon strategy you used before? Thanks.
It’s in my mind, but don’t actively use it. But much of my confidence in structure comes from SMC
but if social media is deceiving me and im watching your video on social media, that was share by someone else on social media, what makes you one apart from those deceiving me?
Hahahaha, fair point
This is the closest framework you can get in your way to getting profitable specially if you dont have a mentor. 100%.
How many backtesting trades data are needed to say a strategy is profitable?
At least 100 trades, 500 is perfect. Or 2 years of data
@@KimmelTrading thank you!!
Really? In technicals you determine how and why the markets move? Naah i dont believe that
Trading is easy MASTERING yourself is the hardest part
Agree
This is what I've been telling most traders that they focus too much on psychology and not on their technicals lol. Their psychology only can get better when their technicals becomes better.
Well said brotha 🔥🔥🔥🙌🏼 i legit say the same thing, its not the strategy its you! So true lol😂
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Bro I have a profitable strategy that I have passed a few challenges with and even gotten payouts in the thousands when I stick to all of my rules. However, I have this really bad habit of moving my SL at times, how do I fix it? I would go a number of weeks of trading perfectly and then like out of no where I begin to self sabotage myself by moving SL. It's crazy it's like something comes over me without even realising and I end up doing the same mistake over and over again. How do I fix this? To me, this is like the last obstacle that I need to master... I have every thing else in place just this issue which remains...
Maybe anyone has any tips or tricks for me to stop moving my SL, I would greatly appreciate it... It's literally the last piece of the puzzle for me.
Man feels like I wrote that statement. My exact scenario also
@@red_maal it’s so frustrating bro and I even feel bad for asking for advice to this because I’m starting to believe that no one can stop this self sabotage for us, besides us… however if anyone has any trips or tricks to stop this bad habit, I’m all ears
You could start by closing your laptop and only coming back to it only when your stop loss or profit has been hit
Try lowering risk … to where it won’t break your acctc
the tips is blow all your money. until u feel the real pain. the pain will change you.
🎉🎉
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I focus on pips. It doesn't matter if you win 1, 30 or 100. The goal is accumulate a winning pip score.
20 years in with 3 kids and still no profitability is crazy 🤣🤣🤣
I disagree ,it's all psychology, you can't see it because it's not tangible or quantifiable. When you turn the corner psychologically, the strategies start to fall into place.
If you don’t know what you are looking at in the market, it’s not the “I’m a profitable trader” affirmation that will make you profitable
I can see your dark circles 🙃day night on chart and indicator
Pls sleep 8 hours dont damage you body 😇
Hahaha, I sleep 8 hours per night. I’m just super pale
Is it a camera illusion or Why is your head much larger than your body
Don't fall into the greed trap. Always concentrate on winning 2% a day. Everyday. See what happens in 6 months.
wow 0.3% man thats crazy hahah
Not on challenges, but on live accounts
@@KimmelTrading Ive just started studying ICT, he did a video in the Market Maker Primer Playlist about Risk management systems and i found that very interesting. Still 0.3% is one of the lowest Risks I have heard until now, props for the patience!
😷🧑⚕️💉💊, hope you feel better soon
Thank you!
bro started being profitable from all the referrals 😂
Please stop that sound “Bonk bonk” in background
It’s sound effects 😂
@@KimmelTrading not a good one 😅. Appreciate your content though ✌🏻
3 kids tho? 😂😂😂😂
Happens hahah
Wtf
Trading psychology is a myth. If you're loosing $$ it's either because you don't understand the fundamentals of the strategy and how to trade it or it's a crap strategy designed by some wannabe youtube trader.
If you know what to do but you don’t follow your rules then it is PSYCHOLOGY.
But if you don’t know what to do…
4:24 Not only do you have three kids, but you had either a cheating wife or a breakup period... If only you'd made that $$$ sooner...