9 Trading Habits I've Learned From 8 Years of Losing

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  • Опубликовано: 20 ноя 2024

Комментарии • 1,8 тыс.

  • @freemanlove6741
    @freemanlove6741 2 года назад +285

    Thanks Ben! I purchased your course a month ago and I'm only half way thru it but it has drastically improved my overall understanding of trading. I appreciate you bro!

    • @DayTradingAddict
      @DayTradingAddict  2 года назад +16

      Nice bro.. I love hearing that! :)

    • @dummycars5824
      @dummycars5824 2 года назад

      What broker you use

    • @brandenhamptin89
      @brandenhamptin89 2 года назад +1

      I have been making good profits and consistent free withdrawal since i joined (First Trade Markets)

    • @poof7492
      @poof7492 2 года назад +1

      @Lewis Aron Trading Community bro if your mindset is like that you aint getting to where you want to get dont go into trading thinking you will be a millionaire without losses that never happens

    • @jaden0hh
      @jaden0hh Год назад

      @@poof7492 no fr , you have any tips or help? im new to this😢

  • @AE-wi5fh
    @AE-wi5fh 2 года назад +970

    1) Write down what makes you angry
    2) Don't rush
    3) Study market structure
    4) Trade on demo longer
    5) Not giving up
    6) Take screenshots
    7) Accept losing
    8) Invest in education
    9) Sticking to one strategy

  • @IsaiahDickens
    @IsaiahDickens Месяц назад +145

    As a newbie about to invest, you must have these three things in mind
    1. Have a long term mindset.
    2. Be willing to take risk.
    3. Be careful on money usage, if you're not spending to earn back, then stop spending.
    4. Never claim to know - Ask questions and it's best you work with a financial advisor Rolando.

    • @AlisaJaskolski-f1e
      @AlisaJaskolski-f1e Месяц назад

      Trading in Bitcoin now is the wisest thing to do now especially newbies beginner....

    • @GregoriaMiller-l3p
      @GregoriaMiller-l3p Месяц назад

      Yes, the crypto market is really taking off and Bitcoin is in good shape to start trading now

    • @JacquesChamplin
      @JacquesChamplin Месяц назад

      Well...I will advise you should stop trading on your own if you keep losing and start trading with an expert because trading with an expert is the best strategy for newbie...

    • @Noel-Hermiston
      @Noel-Hermiston Месяц назад

      You're right! I have lost a lot trading all by myself without a guide. It's been an uneasy ride for me. Who is your mentor please. how can i reach him i really need help in this bear market now?

    • @IsaiahDickens
      @IsaiahDickens Месяц назад

      he's mostly on Whasapp using the No

  • @michaelcooper6593
    @michaelcooper6593 2 года назад +338

    Bro you just made every trader out here feel like there not the only ones that has struggles . TO ALL THE LOSSING TRADERS OUT THERE DONT GIVE UP !!!

    • @karelkarlokarlo6079
      @karelkarlokarlo6079 2 года назад

      Sure sure..

    • @figuringoutfinance6696
      @figuringoutfinance6696 2 года назад +1

      Losses are part of the process. They're "business expenses". As long as you find a path to consistency, the losses do not matter. In fact; the losses lead to the wins, because small losses & big wins = the secret to being a profitable trader. Cheers.

    • @ogbogugoodluck6223
      @ogbogugoodluck6223 2 года назад +2

      Sure I needed this

    • @sprig3432
      @sprig3432 2 года назад +3

      In the end all traders will loose, you have to invest not trade, margin and leverage are what kills you

    • @sprig3432
      @sprig3432 2 года назад +1

      @@figuringoutfinance6696 losses are your gambling result. Don't trade, invest, by buying and holding...not timing the market. No indicator or strategy can do that

  • @user-xf5dx8pb7u
    @user-xf5dx8pb7u 10 часов назад +70

    This time last year I considered crypto without much knowledge and decided to have a consultation with a fiduciary, and it was incredibly insightful. I got into the market with 15k, One year and a couple of months in, and I’m up with 550k. I truly cannot stress enough how helpful experts in this field are!

    • @MaryR.schmidt
      @MaryR.schmidt 10 часов назад

      Honestly I really need help learning to trade. Seeing my portfolio low makes me very sad,I am new to cryptocurrency and don't understand how it really works..

    • @SusanStephens-o6o
      @SusanStephens-o6o 10 часов назад

      Please how do I go about it, I'm still a newbie trading and how can I make profit??

    • @Justinfoxhs
      @Justinfoxhs 10 часов назад

      Hello what is the best way to get started with bitcoin investment or Forex trade cos I have been making my
      personal research for a while now

    • @user-xf5dx8pb7u
      @user-xf5dx8pb7u 10 часов назад

      As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Evan Dennis is my trade analyst, he has guided me to identify key market trends,

    • @ClydeI.Nottingham
      @ClydeI.Nottingham 10 часов назад

      Wow I'm shocked you mentioned (Evan Dannis)

  • @aliaj2374
    @aliaj2374 2 года назад +108

    This guy is amazing
    These are the 9 habits:
    1) Write down what makes you angry. (revenge trading, missing trades, etc)
    2) Don't rush. Treat trading like a business. it takes time to master trading.
    3) Study market structure. ready different status of the market.
    4) Trade on demo longer.
    5) Not giving up.
    6) Take screenshots of your trades.
    7) Accept losing.
    8) Invest in education.
    9) Stick to one strategy.

  • @jayti6828
    @jayti6828 2 года назад +347

    "My God!" 8 years of losing and look at you now. You are a warrior. You are cut different. You were made for this. It was meant to be.

    • @DayTradingAddict
      @DayTradingAddict  2 года назад +21

      :) thank you!

    • @figuringoutfinance6696
      @figuringoutfinance6696 2 года назад +9

      Underrated statement. Trading isn't for everyone, as hard as that is to hear, sometimes. Mindset is as important as the Technical Foundations; however having said that, it takes years to become a consistent trader. Good luck to everyone out there trying. Cheers

    • @krinka1458
      @krinka1458 2 года назад +6

      Success is all about focus, consistency, perseverance no matter what business you're in. This man was going to succeed regardless.

  • @maywellbeaghost6364
    @maywellbeaghost6364 2 года назад +110

    00:41 what makes you angry
    01:54 don't rush
    03:33 Study market structure
    05:20 trade on demo longer
    06:30 don't give up
    07:55 take screenshots of your trades
    08:33 accept loosing
    09:26 invest in education
    10:35 stick to one strategy

  • @clhagy
    @clhagy 2 года назад +89

    Brilliant - been trading, and losing, for three years. Just started turning the corner and it’s exactly because of everything you just laid out. To the newer traders out there - listen to this advice and take it! You’ll save yourself thousands.

    • @DayTradingAddict
      @DayTradingAddict  2 года назад

      :)

    • @ScottH432
      @ScottH432 2 года назад +3

      Would love to know what turned things around for you, I’m on 3 years now and can’t quite get there

    • @chrissalzarulo3034
      @chrissalzarulo3034 2 года назад +3

      @@ScottH432 stick to one system, and DISCPLINE DISCPLINE DISCPLINE, if you are not disciplined in your life you will not be disciplined when you are losing money and need to remind yourself that your backtested system will win out over a large sample size.

    • @mimoosa7390
      @mimoosa7390 2 года назад

      Go yolo small cap crypto tokens on ETH chain, some tokens will 20-100x within weeks during the bull run

    • @blasiomuhinda
      @blasiomuhinda 2 года назад

      @@ScottH432 It’s quite simple. The most successful strategy are usually pullback trades. Buying dips and selling tops. But this only works well when you are looking at Algo levels/institutional levels. And btw, a disclaimer though, this strategy is quite good with liquid markets like gold etc. Quick entry and exits though. Its not a strategy for swing traders so your trading personality comes to play as well. Eventually you just have to pick a strategy and stick to it. And grow slowly. I wish someone had told me at the beginning that it’s possible to learn how to trade with only 20USD in a live account. It would have saved me a lot of money. Starting small is key and means more money in your pocket.

  • @ThinhSan
    @ThinhSan 2 года назад +171

    "Stick to one strategy"
    You saved the best for last.
    Sticking to one strategy enables one to understand but most importantly truly test it and determine its winning probability. And this is key to trading.

    • @icyboy771z
      @icyboy771z 2 года назад +6

      That is true. Most people keep changing strategy when it has a string of losses when it could be a winning strategy in the long run.

    • @DayTradingAddict
      @DayTradingAddict  2 года назад +3

      :)

    • @chevy4x466
      @chevy4x466 2 года назад +2

      Moreover the same time frame 🖼. The same security and the time of day. Time chart.

    • @XAVIER_007
      @XAVIER_007 2 года назад +6

      absolutely true! I have literally lost more than $50K by not sticking to one strategy at all, i always kept changing strategy until recently where i made one, made notes of it and literally promised myself to stick to this strategy now WHATEVER it takes and i can say the results are way better than my expectations!

    • @figuringoutfinance6696
      @figuringoutfinance6696 2 года назад +5

      Agreed - and moreover, sticking to certain asset classes/instruments, to develop your craft and strategy with that FOCUSED list of tradeable assets. Personally only trade one currency pair, select number of stocks, and even some crypto. It's not a supermarket where you have to pick up everything from each shelf - got to be selective, to truly achieve consistency. Cheers.

  • @stevenpaul4394
    @stevenpaul4394 2 года назад +12

    My trading journey was a matriculation of highs and lows, literally just like the market. you up, you down. Now I'm constantly u

    • @johnwilliams3018
      @johnwilliams3018 2 года назад

      Hello, I'm new to Bitcoin trade and I've been making huge losses but recently i see a lot of people earning from it Please can someone tell me what to do?

    • @edwardgeorge7422
      @edwardgeorge7422 2 года назад

      The new digital gold has created a new trillion-dollar's opportunity around the world! Where do you think your country is headed for

    • @mariewoods4193
      @mariewoods4193 2 года назад

      All you need is a professional trader to avoid making losses

    • @robertmichael1764
      @robertmichael1764 2 года назад

      That is true, you need an expert broker and account manager to make good profit from Bitcoin trade

    • @joykelvin1595
      @joykelvin1595 2 года назад

      Trading on your own is very risky, many people have lost a lot trading for themselves

  • @MCR123321
    @MCR123321 2 года назад +5

    Good talk. 10 plus years of failure here. Have weeks of success and then I give it all back.
    Been growing every year and that keeps me going. Baby steps of improvement, painful to stumble, but tracking I'm going somewhere.

  • @icyboy771z
    @icyboy771z 2 года назад +12

    8 years!!! That is crazy perseverance..Mad respect to you!

  • @lauraf.e2788
    @lauraf.e2788 2 года назад +15

    I had no idea you were losing for so long. You'd never guess. Respect to you for never giving up!

  • @George-cw2lk
    @George-cw2lk 2 года назад +1

    Thanks for good video. Few things I would like to mention. Paper trading will not teach you that much. Maybe some TA. But it’s only 50% of your success. Other 50% it’s your emotional state. No emotion in the stock market. Next thing is your risk. Stop losses is the key. 2% max. And the final one is a people around you. Your family and friends. If you live in the family where is lots of stressful situations don’t even think about trading. It will severely affect your ability to trade. Finally. Don’t be afraid of your losses. It’s the best teacher. Good luck to everyone!

  • @brandonmerideth5450
    @brandonmerideth5450 2 года назад +3

    “People are patient enough to go to college for years and work for years to get a promotion but not to learn the market” literally the most true thing I’ve heard

  • @troy8423
    @troy8423 2 года назад +13

    Appreciate you speaking out about what’s held you back, it’s clear you’re wanting to help others and I hope RUclips can help you too! Thanks for the humility - it helps the next generation grow!

  • @MrGreen543
    @MrGreen543 2 года назад +16

    This is perfect and right on time. I had my worse losing day today and been beating myself up. Thank you!

    • @DayTradingAddict
      @DayTradingAddict  2 года назад +1

      Glad I could help!

    • @AlphaEntrepreneurs
      @AlphaEntrepreneurs 2 года назад

      Came here to make the same exact comment for the same exact reason! It's like this video read my mind

    • @MrGreen543
      @MrGreen543 2 года назад

      @Yeah, I said it It was Amazon. With live trading.

  • @Max-tp5nr
    @Max-tp5nr 2 года назад +24

    It is by listening to all his advice that despite one and a half of trading and efforts I see that I am still a beginner. Thank you for this very well done and educational video.

  • @kdogg127-9
    @kdogg127-9 2 года назад +14

    Professional trader myself....I actually look forward to seeing your new youtube posts....keep them coming...you make me remind things I forget.....appreciate it...I think we all do it at one point or another...

    • @dbgmac
      @dbgmac 2 года назад

      Please define "professional trader"

    • @BigWickEnergy_
      @BigWickEnergy_ 2 года назад +1

      @@dbgmac trading prop essentially.

    • @jesusvillegas7489
      @jesusvillegas7489 2 года назад

      Any tips for a new trader?

  • @theprofessor4487
    @theprofessor4487 2 года назад

    I had to come back and give you props for suggesting traders take "Screenshots." I'm still paper trading but I review my screenshots at the end of the trading day to answer questions like, "Why did I enter when I did? Was my stop loss too conservative or too aggressive? Did I follow what the indicators were telling me? Why did I exit when I did?" I no longer get anxious when I'm NOT in the market. I now WAIT for the market to tell me when to enter and I'm ok with waiting. I have to say, this was the first day I placed options without a lost AT ALL. Man, reviewing screenshots has shown me more in the past few days than I have learned in the past few months. I also try to learn about a different indicator every week and will not move on until I feel I have a grasp on it. I then use it in my trading and I can see a drastic difference. Thanks for sharing Ben!

  • @SaWIVB7
    @SaWIVB7 2 года назад +5

    thank you so much I have been losing a lot of time and this is my 4th year of trading, I really figure out some things I didn't know I should do and you have mention it right away giving us the way to re-start and refresh you're self for a new journey, I really appreciate it bro

    • @DayTradingAddict
      @DayTradingAddict  2 года назад +1

      you are welcome!

    • @ElectricBikeWale
      @ElectricBikeWale 2 года назад +2

      Yes! Always take a gap if you found yourself in red every other day. Re-analyse everything. But, lemme tell you it's very easy seriously. We are just making it hard when we are thinking with our emotions

  • @hannamercedes1265
    @hannamercedes1265 2 года назад

    Thank for this! Appreciate you taking the time to support 🙏🏼

  • @brightperry8218
    @brightperry8218 2 года назад +96

    The best decision I ever made in my life was investing in the forex market. Trust me guys, it really pays a lot! 😊

    • @cletusharper3114
      @cletusharper3114 2 года назад

      How does this forex thing works?

    • @karendust3363
      @karendust3363 2 года назад

      Get started with a professional trader

    • @cletusharper3114
      @cletusharper3114 2 года назад

      Do you have an idea of any good trader I can start with that's trust worthy?

    • @karendust3363
      @karendust3363 2 года назад

      I would recommend my current trader Brian Davis. He is currently earning a lot of profit for me and his services are top notch

    • @julianhurbert9858
      @julianhurbert9858 2 года назад

      Brian Davis is one of the best traders I have worked with.

  • @ronnik8243
    @ronnik8243 2 года назад +1

    Thanks Ben! You are truly an inspiration. I was about to leave trading after struggling for more than 10 yrs in trading but after seeing your video which I totally resonate with...not giving up...not giving up!!!! Thanks again BEN. God Bless You!

  • @brocklane950
    @brocklane950 2 года назад +74

    Dude! That is insane, honestly think I would have quit like year five. Congrats on your success, love your videos! Thanks

    • @DayTradingAddict
      @DayTradingAddict  2 года назад +6

      thank you..

    • @nategarcia3476
      @nategarcia3476 2 года назад

      @@DayTradingAddict do you know any programs that you can share that helped you learn?

    • @chevy4x466
      @chevy4x466 2 года назад

      I never quit. If u have no mentor, u lose a lot. U end up having to test out on ur own.

    • @leonidas1794
      @leonidas1794 2 года назад +4

      I'd rather do 8yrs of losing forex than 4yrs of college 😂

  • @jimmyp5600
    @jimmyp5600 2 года назад +1

    You have NO IDEA how much I needed to hear this and You put it ACROSS so FANTASTICALLY.

  • @darkawayg6177
    @darkawayg6177 2 года назад +2

    Man, I just watched your first video today and I'm so in love with it.
    Will be watching all your videos later for sure. ;)

  • @Earl_Richter
    @Earl_Richter 2 года назад +23

    Just found your channel a few days ago. I’m loving the transparency/honesty. I’d been trading mostly unsuccessfully (off and on because I gave up then came back several times) for a good 6 years. I think a lot of it is intuitive once you get used to the market and learn not to trade with emotions (buying out of anger or selling out of fear). But you’re spot on about finding a method and sticking to it. It works for me. Yesterday I finished in the red. Today I didn’t trade at all because things didn’t look good according to the strategy I’ve been using. That’s okay, I finished in the green for the week and I’ll be back at it on Monday with confidence. That’s what it’s all about.

    • @Jackthompson01
      @Jackthompson01 2 года назад

      You profitable now?

    • @Earl_Richter
      @Earl_Richter 2 года назад +1

      @@Jackthompson01 Yes! Not everyday is a huge windfall but I'm pretty steady now.

    • @Jackthompson01
      @Jackthompson01 2 года назад +2

      @@Earl_Richter good for you bro. I’ll join you one day

    • @figuringoutfinance6696
      @figuringoutfinance6696 2 года назад +3

      Good to hear. It's about perspective, and definitely having rules in terms of when to step away from the chart. Love to hear it. Cheers!

    • @daytradingaddict7290
      @daytradingaddict7290 2 года назад

      @@figuringoutfinance6696 yes that’s correct

  • @mateoescobar6902
    @mateoescobar6902 2 года назад +1

    Not a lot of people have the courage to talk about the real side of trading and the not so fun side of trading. Thank you for helping others, another awesome creator on the platform

  • @lucymartin881
    @lucymartin881 2 года назад +14

    Thanks for making this video that I finally understand how Options trading. Option trading has really transform alot of people, making a live a luxury life and give my family the best

    • @lilywatson8460
      @lilywatson8460 2 года назад +1

      Trading has a newbie is quite stressful and discourage. I have watch alot of RUclips videos trying to trade on my own but end up blowing my account

    • @hauwaahmad9606
      @hauwaahmad9606 2 года назад

      I have seen so many recommendations about Lucy Griffin on RUclips trending. Her strategy must be good for people to talk about

    • @vickia.weaver7488
      @vickia.weaver7488 2 года назад

      This is very helpful to me! Thanks for the opportunity and the recommendation

    • @aaronferrell3129
      @aaronferrell3129 2 года назад

      I have been procrastinating to start investing in bitcoin pls what is the requirements

    • @gloriatorres8433
      @gloriatorres8433 2 года назад

      Greatings from Switzerland I'm so happy talking bold step Investing $4000 with Expert Lucy Griffin got my payout

  • @bigmurphys2983
    @bigmurphys2983 2 года назад

    and Props for hanging in there and doing this!! Please make more videos. You’re awesome!

  • @rekartrustee
    @rekartrustee 2 года назад +5

    My biggest issue right now is not taking the stop when I should. Limiting losses is the key I'm working on. Great video! 👍👍

    • @DayTradingAddict
      @DayTradingAddict  2 года назад

      thanks for watching! :)

    • @Jnoel608
      @Jnoel608 2 года назад

      Same here man, the stocks that I trade are also stocks I like in the long term. I figured ide just swing trade them, but then they drop to an even lower price. Now the investing side of me is thinking this is an amazing price here. Until the swing side of me decides to cut losses for something else.
      Better to have two separate accounts for each that way you can be comfortable with cutting losses in the swing account.

  • @SuccessNestle
    @SuccessNestle 2 года назад

    My best strategy is to follow the trend patiently. Trade in the direction of the trend.

  • @fractalinstitute6482
    @fractalinstitute6482 2 года назад +14

    I definitely connect with the demo trading, our trading journey can be as expensive as we want it to be. Put the ego to the side and just trade demo. The confidence will build up our strategy. Cheers

    • @DayTradingAddict
      @DayTradingAddict  2 года назад +2

      cheers bro

    • @harindersingh1042
      @harindersingh1042 2 года назад +2

      There are only 3 ways to be successful in trading.The first is practical knowledge, practice, skills, and conventions .

  • @christiangelera8972
    @christiangelera8972 2 года назад +2

    Number 4 is so true for me, I've been on demo since I was 19 years old, I am 23 now and still can't figure it out, so much demo accounts blown and so much stuff to learn, glad I found your channel man, keep it up!

  • @parvinkumar5518
    @parvinkumar5518 2 года назад +22

    Absolutely correct, I agree will you. When I started, I was on demo for 6 months, plus studying chart on daily basis. Today I am trading with only indicators,EMA9 and EMA 200. I only trade indices and very seldomly Forex and crypto.
    Thanks for the video, God bless
    Parvin from Melbourne Australia

  • @QUATUMCOUPLE
    @QUATUMCOUPLE 2 года назад +1

    I started watching your videos and won my first trade over night after loosing all year, I can't wait to learn more from you, you changed the way I trade and see life. I thank you so much, my family do trading and I ask them to teach me and they tried to charge me. But I found you and now I will be successful anyway without there help. Your my big brother now I can be the best me thanks.

  • @avosquirrel231
    @avosquirrel231 2 года назад +4

    Thank you, this video gives me confidence it the track I am following. I have been paper trading for 5 weeks, the goal was 2.5/5% consistent gains on the initial, today was my first red day, revenge trading, greed,, and over confidence, and over allocation made a doosey of a red day. Today’s loss brought me down to an average of 5% gains on the initial portfolio a day.. I have been journaling my paper trading and emotions of entry/ focus/ exit associated with each trade. I screen cap trade and draw a box from entry to exit and review at the end of the day, what worked and didn’t work. I spent 6 months learning developing my strategy, risk management, and psychology, and learning charts and their personalities before I started paper trading.

    • @figuringoutfinance6696
      @figuringoutfinance6696 2 года назад

      Good luck - keep going. It's a unique journey, as a trader - an individual one that not many people fully understand! Cheers

  • @Ausnapify
    @Ausnapify 2 года назад +2

    Thanks bro. All of these I've done except write down what makes me angry during trading. Helps a lot.

  • @TheeKingMaker
    @TheeKingMaker 2 года назад +21

    Big ups... failed 6 years myself. Sticking to my own plan and not trying to get cute, was the most difficult hurdles. But well worth the journey. Being able to breath and feel free

    • @bryantgouveia
      @bryantgouveia 2 года назад

      I don't get how people lose. I started a few months ago but haven't been able to trade as much as I want but I'm always winning with a few dozen trades already tf..

    • @ElectricBikeWale
      @ElectricBikeWale 2 года назад +8

      @@bryantgouveia It's called beginner luck. You will soon realise what's wrong here. But, anyways, if you are coming out positive every month consistently, you have figured it out then.

    • @Rashidbounds
      @Rashidbounds 2 года назад

      yo how did you start? a website ?

  • @janoskurics452
    @janoskurics452 2 года назад +1

    Man. You speak from my heart. I am going to watch all of your videos.

  • @Square005
    @Square005 2 года назад +3

    Wow!! Last week into this week I've been bummed out on a losing streak and watching this motivates me. Thank you for this video!

    • @DayTradingAddict
      @DayTradingAddict  2 года назад +1

      thanks!

    • @rebelsammyfx4365
      @rebelsammyfx4365 2 года назад +2

      Try trading with bot .as well will help you recover and make good steps while forcusing on the strategy, 💙

  • @DaveOlu
    @DaveOlu 2 года назад +1

    I'M ABOUT GIVING UP ON FOREX ... WITH 2021. BUT THIS VIDEO POPPED UP.
    AND I'M CHANGING MY MIND.
    I'M NOT GIVING UP!
    I'M NOT GIVING UP!!!
    I AM NOT GIVING UP!
    THANKS BOSS.

  • @winloseorrug7099
    @winloseorrug7099 2 года назад +11

    Man thanks for this video. Been having a hard time coming to terms with my performance lately. Shifting my mindset from financial to growth focused. Journaling my trades, reviewing them more closely and definitely going back to paper trading. Hope to comment some good news in the near future! Bless up big bro!!💯

  • @islander888
    @islander888 2 года назад

    This man speak the truth. I've been there also, all good traders have. The most important and difficult part in trading is dealing with emotions.

  • @nush9879
    @nush9879 2 года назад +6

    Thank you for this awesome vidéo brother, I am entering my 5th years of losing, I was starting to get better result on the 4th year with my trading until I started to trade with indicator thinking they can do a better job than me without having to spend hours on chart.
    Now I am realising that market structure and price action are King and that indicators only serve to validate entry.
    My demo account is already growing since I realised those things, hope it Will keep going this way, no more red year hopefully🙏🤞
    I wish success to everyone, it can happen, it Will happen, just never give up.

    • @DayTradingAddict
      @DayTradingAddict  2 года назад +1

      no problem! thanks for watching!

    • @jigssawph
      @jigssawph 2 года назад

      Hi how do I learn more about market structure? all i found is terms like Perfect Competition, Monopoly etc..

  • @luisortiz7771
    @luisortiz7771 2 года назад +1

    This is my second year losing and I’m so glad you made this video. Thank you so much.

  • @Suigeneris44
    @Suigeneris44 2 года назад +21

    You're a wonderful human being brother! Have watched a lot of trading videos on indicators and signals and chart patters and trendlines...but what most people skip...is what you're advising new traders to do! Loved it. I have noted down each point and have also saved your video! Good work, sir!

  • @artistlie3608
    @artistlie3608 2 года назад +1

    Those are some real words my guy...Im 7 months in and im still educatiing myself to get better psychologically, even though I know my trading stradegy works. Stay strong stay positive my guy !

  • @daqwanbarnhardt6571
    @daqwanbarnhardt6571 2 года назад +10

    Dawg I am on year 2 and I am starting to see the light myself. I cant imagine going through 8 years of losing. Thank you for this video

    • @DayTradingAddict
      @DayTradingAddict  2 года назад

      nice! im glad you are seeing the light. thanks for watching!

    • @ascalone2193
      @ascalone2193 2 года назад

      I’m 6 months in
      And yes all of these are true
      I did almost all there listed in the video
      My problem was Fomo, revenge trade and getting too attached to a single trade

  • @Nvd1987
    @Nvd1987 2 года назад +2

    started trading 3 years ago, made some awesome profits, but unfortunately a lot more losses. took me over 3 years to come up with a lot of the things you've said here. good to hear these points from a very experienced trader.

  • @baezcisco
    @baezcisco 2 года назад +3

    Thank you for this video, I've been through many of this. I'm sure this will help a lot of folks.

  • @brunohcm
    @brunohcm 2 года назад

    that was the best 9 tips that i have ever heard about trading.. to be honest, i have seen some of them here and there, but have never trully understood its meaning. You have condensated them in such a way that i finally thought about myself and my phases in this business of market, and i realized that have already passed through some of this degress without even recognizing.. as an example, for the first time since i have begun trading, i decided to invest in education, and it was a few days before i see your video.. it was like a confirmation about me finally doing the right thing. Thank you for sharing you experience with us! Its really helpfull!

  • @pedroewert143
    @pedroewert143 2 года назад +3

    Some aspect that really helped me with revenge trading and agression: Try to understand the positive intention of that behavior and understand that your personality is more like a team of different facets. For me this behavior wanted to protect my ego and not feel stupid, but instead be right. And it wanted to make money back fast to make me a succesful trader. Then i needed to have a sitdown with that aspect of my personality - some inner dialogue and find some common goals with other personality aspects. The common goal is making money, then i had a back and forth and that angry revenger trader part needed to accept that its not helpful in making money, so this part understands that it needs to let go and give more room to my more patient aspects of my personality.
    For the other aspect of revenge trading, my need to be right..thats a part that was never about money...so solutions were to just open up playmoney positions, so i still get either the feeling of being right or at least see that im wrong too often.

  • @Abdul-Wa-Town
    @Abdul-Wa-Town 2 года назад

    Dude been buying high selling low for 8 years, never giving up. Mad respect.

  • @figuringoutfinance6696
    @figuringoutfinance6696 2 года назад +9

    Agreed - and moreover, sticking to certain asset classes/instruments, to develop your craft and strategy with that FOCUSED list of tradeable assets. Personally only trade one currency pair, select number of stocks, and even some crypto. It's not a supermarket where you have to pick up everything from each shelf - got to be selective, to truly achieve consistency. Cheers.

  • @blacklion8173
    @blacklion8173 2 года назад

    Started in 2006, been a loser till 2021! I am still @ it! I have had accounts that I took from $10k to $30k in a matter of couple month, only to lose it! Just in 2022, I am almost almost consistent! Your videos have helped a lot, thank you!

  • @AndresReal1998
    @AndresReal1998 2 года назад +7

    Man I'm 30 grand deep in the negative went through a rough time of depressed felt stupid but I've learned alot. Slowly getting back into it its been a rough 4 years I work for myself so any little money I make involves so sort of creativity or idea and alot of effort and will power so it hurt loosing that much it's just money but it's so hard to keep doing something for years after you constantly keep on getting whooped

    • @mainmanmagellan3803
      @mainmanmagellan3803 2 года назад +1

      its all rigged. u can literally make huge profit and then one candle comes in with huge volatility while ur holding a buy or short. go past all your stops in seconds. and lose all that profit because ur stop didn't get filled at a good price. u either know somebody that knows somebody or ur just a small fish in a big pond full of piranhas.

    • @figuringoutfinance6696
      @figuringoutfinance6696 2 года назад

      Hey - wanted to ask, what do you tend to trade more? Stocks, currencies, crypto - and do you focus on particular instruments in those asset classes, or do you trade multiple currency pairs etc? It takes time to be successful, and would recommend focusing on a limited number of pairs/stocks to trade. Cheers

  • @SuccessNestle
    @SuccessNestle 2 года назад

    Man you're right, I have been on trading since 2018,with consistency and persistent, now I can look at a chart and predict as fast as possible and it come profitable, trade requires time, NO SHORT CUT TO SUCCESS,Thanks

  • @MelikHassan
    @MelikHassan 2 года назад +3

    I needed to see this video because it lets me know that I am doing the right things to improve. I haven't seen any success after a year of trading yet but i'm not giving up im in this for the long haul. I have seen some improvements since I brought the trading course but I always seem to loose cause I get mad and revenge trade. I never thought about addressing that problem of getting mad and revenge trading once again thanks for another video to help me trade

  • @zettcompact8586
    @zettcompact8586 2 года назад

    Thanks a lot! For those who do not understand seriousness of his wisdom - listen again & again. If you still don't. Write it down and attach this list on your fridge to see it every morning.

  • @UhuruStar
    @UhuruStar 2 года назад +10

    The key ones for me, Stick to a strategy and be good at it; stay on demo until I can prove that I know how to trade and Invest in education. In the end, nothing beneficial comes easy, I will prevail. I have more than one reason for not giving up, so I will prevail. Thanks' Ben for another one of your very useful videos.🙏

    • @DayTradingAddict
      @DayTradingAddict  2 года назад

      no problem bro..

    • @HereIsmarcus
      @HereIsmarcus 2 года назад

      I’m in the same boat. Since i focussed on just one strategy i got much more confident and profitable on demo. I will be extremely good at that strat and go live soon. It’s all you need. Best of luck bro. ✊

  • @lone_wolf1869
    @lone_wolf1869 2 года назад +1

    Man..I relate to this so much....think of 9 to 5 and never give up.

  • @seanwelch7092
    @seanwelch7092 2 года назад +3

    Thanks a lot fam..your psychology videos are very helpful, adding these to the mental are definitely a game changer. 🤞🏾🙏🏾

  • @geo525252
    @geo525252 2 года назад +1

    I'm a swing trader much more than day trading, but this advice is solid across the board. Everyone should write down these steps and put it on the wall by your trading station.

  • @Panda299
    @Panda299 2 года назад +3

    Great advice Ben! I've only been trading for about 8-9 months now and I can totally relate to what you've said, so thank you for the video and motivation :)

  • @JohnWayne-so6ct
    @JohnWayne-so6ct 2 года назад

    I've watched this video 3 times and I am slowly integrating better habits, I really apperciate hearing your candidness.

  • @juliusnyny
    @juliusnyny 2 года назад +3

    Great advice. If it makes you feel any better, it took me longer than 8 years.

  • @jorgepmartinez6532
    @jorgepmartinez6532 2 года назад

    Thanks for sharing this video, totally agree with you and will follow the steps. Revenge trading is killing me, beating myself with only one trade have no sense

  • @henryann1769
    @henryann1769 2 года назад +6

    l've been trading for 7months now but no good returns rather I loss and blow up my account, really heart breaking.

    • @morgansmith3094
      @morgansmith3094 2 года назад +1

      I'm totally confused as well, my portfolio has drained drastically, I'm now very scared of Trading crypto, can't figure out what's wrong. I need to know how this works.

  • @richrich6749
    @richrich6749 2 года назад +2

    Something about the way you present yourself, your experience and your knowledge... Damn so real. Thank again man!

  • @hemesh2011
    @hemesh2011 2 года назад +3

    yes yes yes guys...i love u brother....I am from India...watching your videos..new in trading field...actually i love crypto market....your videos are very helpful in making a better mindset for scalp trader...I want to join your course...any procedure for joining it....

  • @theepoxyninja2249
    @theepoxyninja2249 2 года назад +1

    From one Ben to another.. THANK YOU! This is exactly what I needed to hear. God bless and keep crushing

    • @DayTradingAddict
      @DayTradingAddict  2 года назад +1

      Whats up Ben.. :) You are welcome and God bless you too.

  • @stevenmorgan9549
    @stevenmorgan9549 2 года назад +4

    Great video. Really inspiring. I especially relate to your advice to invest in proper education. It makes sense and is the way to speed up your learning curve

  • @alanatanksley5155
    @alanatanksley5155 2 года назад +1

    Thanks Ben! Just purchased your course. Very excited to improve!!

  • @musj.4067
    @musj.4067 2 года назад +4

    damn that angry rule caught me out so many times, blew all my accounts for this one reason. I would build an account to such a level then lose it all on one day when I get angry...great piece of advice!

  • @TheRollupCo
    @TheRollupCo 2 года назад +2

    Impressed by the kind of information you are giving out for free, great job

  • @jayylll4333
    @jayylll4333 2 года назад +3

    Can u make a video(s) about: trades going in ur direction then hitting SL at breakeven (or loss), when to move ur SL, emotions while missing trades u wanted to take, being right about market direction but being wrong on timing?

  • @leonidas1794
    @leonidas1794 2 года назад

    I'm going on yr7. 3yrs of losing 4yrs of learning the market's. Your why is my exact why. Thanks for the vid.

  • @williambuell6454
    @williambuell6454 2 года назад +11

    Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade..

  • @muttjackson82
    @muttjackson82 2 года назад +2

    Maaaannn I swear...This is why I subscribed to your channel, you're absolutely Genuine 💯✊🏾

  • @gaccount5459
    @gaccount5459 2 года назад +5

    I think the trading universe, or metaverse :p was trying to tell me exactly what I needed to hear, at the precise time I needed to hear it whenever this video was suggested to me. The guy making those 9 bad habits at the moment is me, but no longer. Take the wins, take the losses, pull up your pants and move on to the next trade a little bit better educated.
    Great video. You've got me as a new subscriber. Keep posting the quality content.

  • @vkse4335
    @vkse4335 2 года назад +2

    1) Write down what makes you angry
    2) Don't rush
    3) Study market structure
    4) Trade on demo longer
    5) Not giving up
    6) Take screenshots
    7) Accept losing
    8) Invest in education
    9) Sticking to one strategy
    10) Take a break, sometimes

  • @boogiejonz
    @boogiejonz 2 года назад +7

    My hang up is that when trying not to lose ANY money, I sometimes lose all of what I have in the trade! 🤬

    • @DayTradingAddict
      @DayTradingAddict  2 года назад +2

      i hear you bro.

    • @figuringoutfinance6696
      @figuringoutfinance6696 2 года назад +2

      It's a mental game, for sure. Allowing small losses to be treated as 'business expenses', whilst allowing the winners to run. Keep trying to get that balance right, and allow your trades to breathe. It's either a win or a loss. Limit the losses. Maximise the wins. Cheers

  • @seriousproductionz1
    @seriousproductionz1 2 года назад

    Preach bredrin, preach. Been on a losing streak the last 2 weeks. Needed to hear this. Glad it popped up on my feed. You a real one.

  • @RapTube12Yt
    @RapTube12Yt 2 года назад +13

    Thanks man, you provide next level Knowlodge. Love from India 🇮🇳. After watching your every single video I ask myself why the hell I didn't follow you some years back. Hats up man you doing a great job.
    Thank you! ❤

  • @bigboi2403
    @bigboi2403 2 года назад +1

    Pure gold. You’re pure gold.

  • @evieevelyn6967
    @evieevelyn6967 2 года назад +13

    Hello. I'm actually looking for a good trader that can help me trade and make good profit, I've been seeing so many recommendations but I don't think they're trusted. Please do you have any recommendations?

    • @Michael-me4rw
      @Michael-me4rw 2 года назад

      That's true most people today have been having a lot of failures in forex and crypto sector because of poor orientation and bad expert.

    • @jeannied63
      @jeannied63 2 года назад

      I have been seeing so many recommendations about Pamela Morgan trending, her strategy must be good people to talk about her

    • @markwaterfall8932
      @markwaterfall8932 2 года назад

      Consistency is key, I've been investing with her for months now and I've made alot of profit from her. Most of those traders who offer to give you 300% of whatever you invest might scam you of your hard earned money. Forex ain't that easy you know

    • @georgejoe4845
      @georgejoe4845 2 года назад

      I just withdraw my profit last two days before now. am glad i did invest with them still reinvested and the trade is ongoing

    • @jeannied63
      @jeannied63 2 года назад

      Yes I'm a living testimony of Pamela Morgan trading services

  • @patrickg1266
    @patrickg1266 2 года назад

    Just wanted you to know you just popped up on my “Suggestions”. Every single word you spoke in this video is absolutely true and are words to live by! I’m looking forward to learning from you:)

  • @chrisl3062
    @chrisl3062 2 года назад +8

    Great video, i truly think a person needs to learn these through experience and time as well. I can relate to many of these and I'd love to make trading more then a side hustle for myself.

  • @maleselalegodi7219
    @maleselalegodi7219 2 года назад

    Oh Ben, oh Ben where were you all along bro?This is one of the best Fx you tube videos for 2021..🙌

  • @luckygift1592
    @luckygift1592 2 года назад +8

    I HAVE INCURRED SO MUCH LOSSES TRADING ON MY OWN... TRADE WELL ON DEMO BUTI THINK THE REAL MARKET IS MANIPULATED... CAN ANYONE HELP ME OUT OR AT LEAST TELL ME WHAT I'M DOING WRONG ?

    • @washingtonbilly2512
      @washingtonbilly2512 2 года назад

      Same here, My portfolio has been going down the drain while I try trading,! just don't know what I do wrong

    • @jesusavila3918
      @jesusavila3918 2 года назад

      🇺🇲➕𝟏𝟕𝟏𝟓𝟗𝟗𝟒𝟐𝟏𝟗𝟓Link up with her and remember to share your experience with other?

    • @federicosuarez8878
      @federicosuarez8878 2 года назад

      There is really no country restriction in her company,, 'm investing with her from Switzerland

    • @federicosuarez8878
      @federicosuarez8878 2 года назад

      And. What surprises me about her mostly is she gives her client's access to her trading site whereby they can monitor their trades on daily basis

    • @walkerfred9763
      @walkerfred9763 2 года назад

      A friend that I referred to her received $8000 profit after 10days of investing. became jealous lol

  • @astriverofstrengthandknowledge
    @astriverofstrengthandknowledge 2 года назад +2

    Thanks for the habits! It’s been over a year since I started investing and trading stocks. Even after all the Ls and feelings of defeat, my persistence and the amount of research I put in sharpens day by day. It honestly feels like in a couple more years, I will be a much more advanced trader.

  • @margaretlou3993
    @margaretlou3993 2 года назад +48

    Well, that's your view. In my experience, there is no such formula, It is nearly impossible to achieve success in the markets, but with help, my ROI has quadrupled on a minimum risk.

    • @margaretlou3993
      @margaretlou3993 2 года назад +1

      @Eleanor Woodbead I know that learning the ins and outs of trading is rather difficult that’s why I got expert help handling my trades. Personally, I use Levi Clemans as he's the brain behind my success. Here,

    • @margaretlou3993
      @margaretlou3993 2 года назад +2

      @Eleanor Woodbead Leviclemans(a)Gmai
      Lcom...Is he taking commissions for trades? Yes, I’m I still making money in the process? Hell yes!

    • @alexpavarde8698
      @alexpavarde8698 2 года назад

      You did well. Seen remarks of his works. Haven't had any luck with trading too as this is my first shot and won't mind him helping me for a fee. I'm awaiting his response. Bless you.

    • @Kantor895
      @Kantor895 2 года назад +1

      It’s safe to say that Levi is indeed God sent after a series of payouts. I have no concerns about investing more, he flatly turned down my gift token and asked me to give it to charity saying, “God has honored me with everything I need, be His servant and help the less fortunate”.

    • @natchan1150
      @natchan1150 2 года назад +4

      @@Seek-Light The whole thread is probably generated by bot. They seem to get more sophisticated these days. lol

  • @kingdavid344
    @kingdavid344 2 года назад +1

    Bro I love you!!!! This was me ! Spit the facts big brother!

  • @helenoliver4838
    @helenoliver4838 2 года назад +19

    Nice content! The best way to find that balance between saving and living is by investing, This way you get to have your saving intact and then live comfortably off the revenue coming in from your investments.

    • @dannyvera8475
      @dannyvera8475 2 года назад

      wow! this is a jewel. the best comment I've ever come across on YT. Why didn't I ever think about this. Thanks for this, I'd also really appreciate if you give me some tips/guidelines that would guide me on the right path to take while investing

    • @danieljamal3709
      @danieljamal3709 2 года назад

      Investing in the stock market is the best option to make a passive income.
      Virtually all the markets are crazy, most people pay more attention to the shiniest position on the graph, I’m keeping a diversified portfolio.

    • @devdaniel3225
      @devdaniel3225 2 года назад

      most stocks in my portfolio are underperforming and there’s too much volatility with key stocks. Which stocks would you recommend I buy?

    • @helenoliver4838
      @helenoliver4838 2 года назад +1

      I suggest my expert VIVIAN KLAINE MORGAN I trust she could put you on the part to financial freedom with her ever winning strategies. You’re always guaranteed 90% profits trading through her

    • @devdaniel3225
      @devdaniel3225 2 года назад

      Please How can I get across to her?

  • @harryshivaji8057
    @harryshivaji8057 2 года назад +1

    Thanks dude. I'll do that. Be blessed.

  • @terrelldesai2280
    @terrelldesai2280 2 года назад +17

    Most newbies usually undermine and neglect the importance of technical analysis with regards to trading. Technical analysis overly predicts the movement of assets prices regardless to what is happening in the wider or broader market. Essentially, the procedures involves studying the paths of a particular asset movement in the past so as to establish a sustainable pattern that can be used to predict future movement of an asset..

    • @shawnnabrown4379
      @shawnnabrown4379 2 года назад

      It's strange how people talk about all the profits, they've been making through trading of bitcoin, while am here not making any profit at all. Please can Someone put me through on the right path or at least tell me what I'm doing wrong?

    • @silviadouglas9094
      @silviadouglas9094 2 года назад

      Same here, My portfolio has been going down the drain while I try trading,I just don't know what I do wrong,

    • @barigwenn1683
      @barigwenn1683 2 года назад

      That's true most people today have been having a lot of failures in forex and crypto sector because of poor orientation and bad experts

    • @shawnnabrown4379
      @shawnnabrown4379 2 года назад

      @@barigwenn1683 Trading on your own is very risky, I've lost alot trading for my self

    • @johnhorn8353
      @johnhorn8353 2 года назад

      @@shawnnabrown4379 that was my case before Earning X3 of any capital you invest from bitcoin trding in just within one week is overwhelming

  • @ikeherbst9356
    @ikeherbst9356 2 года назад +1

    Thanks for the motivation, trading needs those 9 pointers!! All the best regards Ike in Swaziland. I am on demo and its getting better thanks to your coaching. Siyabonga!!