10 days in with paper trading, been fed up with all the influencers trying to share their BS courses. Your channel honestly is the one reason why I decided to pursue trading again
I can share my results. Been paper trading about a month and a half total. My ‘fantasy’ account started at $100k, it is currently at about $163k. But trading with big money is pretty easy even after only a little bit of time training/studying/getting the hang of the market. Way more room for error. So…I started another more realistic account at $2500 almost a month ago. Have to be way more careful with risk management and position size on this one. The realistic account is currently at around $5400… Normal US market stocks only. I tried forex on other paper accounts and got quickly demolished 🤯😱💀 It’s a whole other beast
Notes as a reminder: • Trading is all about making educated guess, you don't know if it's going to work - coin-flip scenario • We lose money because we refuse to accept what is right in front of us. So, trade what you see, not what you think! • Either the market agrees with you or it does not • Scared money makes no money • Stop thinking: "What if?" • Start thinking: "If, then"
I read the book I listen to Iman you still really don't understand what this is all about. Your Playing in there Casino and they own the house, Over 80 percent automated and growing. Still really doesn't make any difference you still do not understand why you lose and will go broke. Now your mad, This is your problem. You and I go to JP Morgan and ask for a loan I walk out with my loan and a credit line and you are denied. You cant fix being desperate.
I have followed him for a long time, & recently finished his book, & in future this book will definitely be regarded as one of the best. I always liked his Target-less approach...riding that 'One' trend for as long as it goes & that type of one in a month trend day is responsible for 90% of the profit i make & it also cuts down 100% of my loss.....only because i dont set targets when i am gaining high and high....sorry for my long comment, just needed to get this out somewhere XD.....just wanna say this guy really changed my p&l (no i am not a bot XD)....working on yourself is 90% of the game that is the mantra.....80% of my trade is in loss bt overall my month is in green!!!!
@@theouts1der awesome. I trade spx 0 dte options. How do you add to your winners in options if you ever do? Ive just stated adding but since I’m trading in the money I’m concern on which strike to add to the position? If I don’t use the same strike of the initial entry then I have to close two trades if they go bad
@@samricher my rule is, a good second signal + atleast breakeven sl, so if a second entry is there & i add to the current strike then i would move the SL to the second entry & profit for 1st should be equal or more than the loss of new one, the success rate is quite low but the one which succeed i add till i die! **sry for my english not my first language
@@ceed3d396I love both plus videography, I also love being around people and engaging but I also like time on my own. I sold the gear once for music production plus videography once as well due to lack of time, always working trying to provide until a bad ankle fracture at work in 2020, I was an ICU nurse( I’m a male, 45y) changed my life and moved into other things, Trading being one of them, once succeeding with it, I’ll pursue the music production and videography again. Wish you good luck in everything you are aiming for.
Hey man I have been listening to you all morning while trading a simulated account - just going down your most recent uploads. I really appreciate your approach to creating trading content. You’re funny, intelligent and it seems you have no intention to rip anyone off and are probably a gem of a channel. I am really tired of all the influencers and money motivating bull sh*t that is being produced and preached - I wish there was an algorithm for authenticity. You are authentic man and I appreciate that.
Bro same here. I’m a good trader with years of experience now. This is one of the only accounts I watch due to not needing a guru teach me to trade lol. Just some entertainment and some psychological reminders
"We lose money because we refuse to accept what is right in front of us." This is the key observation. First -- actually "seeing" is very very difficult -- we LOOK, which means we are looking for "something (pattern)" and we don't SEE what is in fact there. On top of that, we're are more attached to being RIGHT than we are to actually making a good trade, and the final nail in the coffin is that we are stubborn, and we have a hell of a time admitting we are wrong, especially when that would be acknowledging the pain caused by the losses. A deadly cocktail which keeps most of us from succeeding at something that machines excel at.
Same. "Don't fight the trend" is my own focus and the thing I find the hardest to adhere. Partly because of its inherent contradiction to avoiding FOMO.
Hello mate :) We all have some kind of biais regarding that. I'm a better shorter than a buyer, that's a fact backed with months of data. It's ok, I know I'm at best average when it comes to buying an asset, so I reduce the risk while doing that, but when it comes to shorts, i double down on my positions, because factually i've better odds to be right than to be wrong if I go short on a bear trend :) Bottom line is : don't be afraid of the trend, as VM said too, just read what the market is doing at the time and act on it :) There are better odds for a trend to keep going on than to reverse, and that's a fact :)
This book helped me see that I was very consistent. I've managed several times to turn $120 loss into 2k and 4K losses by refusing to realize the loss before I had to.
You are legit one of my favorite RUclipsrs and I can't express enough how much I love this book. It's one of the few books I've read thru multiple times
Been watching a lot of your videos lately. It's so refreshing to hear something real in the trading space. Also, love your sarcasm and humor. Great videos!
The process is the key. The process is a performance. The process is a cycle of action performed in a new unit of time A good performance is independent from the last.
Been a while since I've stopped by; great to see you still growing! Tom is one of the best I know. Wise folks will listen to him and do the repetitive hard work, but 90% won't. Hope your trading is well!
I decided not to comment, thinking I might simply be adding noise. Then your other video gets taken down. Thanks Iman for presenting great resources. It is because of this video that I purchased Tom’s book for myself. Your videos are also the reason I purchased Mark’s book. I worked as a scientist for the last decade running statistics on biological data and before that I studied psychology and human behavior. “Psychology and charts!?! Why didn’t I think to pursue this option sooner??” And then I found your channel. I may be changing careers a little late in life, but thanks to you I have a direction that will shave years off my pursuit of sustainable profit. Thanks for making this path more rewarding and entertaining.
Thank you so much for commenting, sharing that with me, and for the kind words! The work you’ve done sounds fascinating, although I’m not sure I’d be able to keep my brain functioning through the statistics part 😁. Any mention of math and it just shuts down. Very happy to hear that the videos have helped, and best of luck in your trading :)
THANK YOU!! a friend sent me info on this book. since I don't read fast, get easily distracted, I was looking for an audio edition & found you!! WOW!! guess was meant to be. Much APPRECIATIONS!!
Another great video. I also use the principles from this book and very similar to what Inman does.. However I'm a 99% automated forex trader so emotions really aren't a big issue. Please keep these videos coming I direct as many other traders to your channel and specific videos as much as I can. Buying audio version today.
His winning system is: buy strength and sell weakness, buy high, sell higher in the up trend breakout, and sell low, buy back lower in the down trend. 10:42
I'm sure you've heard this hundreds (thousands?) of times, but......OMG, where have you been all my (trading) life?? I just watched a video where this guy spent 20 minutes talking about what he was going to discuss, and then discussed it for 5 minutes. That is how excruciating most trading related videos have been for me over the past 2 years. I have to watch most videos on 1.5X speed, no joke. I just found your channel yesterday, so I'm really looking forward to making my way through your videos. Thank you!!!!!
Man I found your channel some time ago like one or two weeks, and I'm loving the content explanations logics everything to be honest and your humor ofc but what I wanted to say is for you to just keep going and being real cause i can see you really want to help people and open the eyes off many that were mistaken by influencers . So much Love and thx for your time on preparing all the videos you have.👏
So much knowledge here. I lost my ass yesterday trading the /NQ. I just kept watching it shoot up and up and up, thinking it HAS to pull down hard. I was humbled. And down, a lot. Got a big bear hug yesterday, but I'm not giving up on it. Honestly getting out of your own head, and thinking the market HAS to do something. Is honestly the hardest part about trading.
Just picked up the Kindle and Audio. Really looking forward to reading/listening to this. The only other trading book I've read and loved was Trading in the Zone by Douglas and this looks like another gem.
Holy sh1T...i never watched your supply and demand video and I'm just watching this for the first time and I was just telling myself last night after my 2nd actual day of simulated trading with nasdaq futures (and my first positive day) that it feels like surfing waves. The ups and downs are there. You decide when to ride in.
I was hooked by the snake oil of technical analysis youtubers I programmed a system based on many different indicators The data i gathered from running this system on multiple markets over the course of many months directly correlates with everything i have found on your channel so far I then found one of toms seminars one night on youtube and my perspective changed completely I tried doing it manually and didnt find success 🤣but i did learn a lot Today I found your channel and have been watching for the past 3 hours it has changed my perspective on a lot of the mistakes i make Trading is such a weird practice. Its like you are condemned to freedom , there is no one to tell you , there is no stack overflow to explain wtf happened , there is no guarantee that the past will occur again. Free to take whatever positions you want. Free to choose whatever method/system you want. Free to loose money as you please.
I think the thing that makes Iman really stands out is the solid logic behind everything. If you do not view price action objectively and logically, how can you be successful consistently ? I'm obsessed with ICT a month ago, but now I think that there is not a clear wining logic behind it. If it something is not logical, then how can we rely on that and dream that we can size up by doing that consistently? Iman really helps me build a logical and clear framework to view things objectively
Kudos to Tom, obviously. But a huge applause to you. Your exposé made me me smile and nod. Thanks for reminding me the very basics, we all seem to forget in some moments, specially when they are critical. Nice job. This video should be mandatory for everyone in trading.
I think it would be a great idea to start a podcast series on your RUclips channel where you interview respected traders, like Tom. I believe these interviews would be both engaging and entertaining, and could add a fresh dimension to your content. Just a suggestion to help move the channel forward. Wishing you all the best!
Great video, but I'd suggest not pausing the flow of the video to put in remarks digging at other traders who we all already know are unprofitable. Referencing your previous videos or explaining a different perspective is helpful. Keep these coming, very insightful.
The shape of the candle will not tell you what's going to happen next but it shows how price action went during that candles timeframe, for example it went down but closed up (hammer candle) shows that price was up when the candle closed and it had upside momentum which could indicate more upside movement afterwards. It's just increasing the likelyhood of something happening but u need way more info and analysis that would show upside to enter a trade that could possibly be a win. There is always randomness in the markets too and sometimes analysis will not work anyway.
Thanks, amazing book ive read it 3 times now but a summary always helps. I also agree with you regarding disagreeing with his idea on RR, cause ever since i stopped using RR to "let trades run" i keep getting stopped out waaaay more than before. This is probably cause i trade on the 30-1h TF's and he trades mostly on the 5m so a 2% move for me might be a 10% for him.
trading is easy for me now when started it was hard, harder then anything else in planet earth, but after 3 years of charts and studies it’s just easy now!
He is super correct on Risk - Reward bit if your goal is to maximize profits, but if your goal is to smooth out equity curve then having hard targets is fine, but it will come at a cost of not capitalizing in full. You disagree on the basis of that you like to have a pre defined target that you think is reachable with high enough probability to prompt the trade in the first place, but what he is challenging you on is why arbitrarily exit there? Would the place of your exit prompt a trade in opposite direction with same conviction? or are you only exiting because of urgency to lock in profit, one of those reasons is pure emotional while the other is rational. Food for thought. Best trades are where results can equate to technical infinity in profit and capped loss, thats why trend following works!! Would love to hear from those who disagree.
3:40 "The brain sends a signal to the eye to ignore setups that don't work" that's exactly what happens when backtesting, you think you found a good strategy until you go live and fail miserably regardless of money management, that's why you have to validate a strategy in real time.
The greater understanding you have of your opponent, the better you are able to understand what she is doing. I say the word opponent but really, the market, she is my friend. I want to dance with her but i am afraid of making a fool of myself. So i study her moves.
yo iman -- want to say thank you for your videos -- get a lot of out the psychological aspects.. quick question though -- is it possible to monetize your videos with ads before? id much rather go through 1-2 minutes of ads in the beginning and maybe 1 ad during and towards the end? finding the ads popping up during the video take away form the impact of the video if that makes sense. almost like trying to trade chop. haha.. again -- great videos and much appreciated
You mentioned the shape of a candle is not indicative of what will happen next, and I only kinda agree Trading is all about being on the side of the majority, the side with the most volume, and if there is history of a reaction after a candle, then the odds may be in your favor since others will think like that too, bringing more volume to your favored direction
I agree on this. If I see a massive bullish hammer candle on say the hourly chart at a key area, the probabilities that the price will move up more are higher than if at that same area, I saw a bearish "shooting star"
4:56 I think that here Hougaard is referring to Steve Nison (a fraud) who probably was the first person to popularize the candlesticks in the western world
Hello brother i watched your supply and demand video 3 times And wrote in a Book whatever was IMP AND GUESS WHAT FIRST I WAS NOT ABLE TO DO MARK THE RANGE WITH TIME AND PRACTICE I WAS ABLE TO DO RECENTLY I DO PAPER TRADE AND IT IS WORKING GOOD MY RR IS 1:3.5AVG FOR THIS MONTH AND PROFITABILITY IS 78%
I'll be honest... this video was a bit hard for me to watch. It was to much: "Remember when I said that in my video and this in my other video". I understand that it feels good to get your theories and methods validated by a profitable trader, especially after a bunch of people hated on you and your trading. But stay humble, yes? Anyway keep up the good work!
I was unable to find your "Introverts vs Extroverts and the Bad News about Trading video"... I would be really interested to see what you have to say about how different personality types do in trading.. Thanks
Hey sorry, that video was kind of bad so I privated it and it’s only on Patreon. Introverts are at an advantage because being alone is energizing and where we thrive, whereas extroverts get their energy from social interactions. Trading is a lonely career, which is great for introverts and means extroverts should probably join some type of community to get their social fix :). That’s basically it for the most part.
Tom Hougaard is like my hero! I want to livestream my trades as well, good and bad, but RUclips won't let me verify because of my phone number or something, so I think I'm just going to upload videos instead, but videos aren't as fun as livestreaming and it's left up to interpretation because videos can be edited. Even though I don't know how to edit videos and I probably wouldn't want to learn just for the sake of making videos or livestreaming.
Tom Sosnoff says that charts and tech analysis is good for helping engagement and forming an assumption, which is good because it helps formulate your trading plan, but that’s it.. it doesn’t predict or tell you what the price will actually do. I thought that was wise and doesn’t contradict anything you are teaching.
My huge wins back in my days trading options were so huge and just overly satisfying that it made it easier to take loss. Not every win was massive but enough but I loved seeing the green. I also practiced trading others money which were lower amounts so I wasn't shy from enjoying that 50$ to several hundred.
I agree with you about candle formation like hammers and shooting stars. You should never enter a trade based on that. Order blocks work well but nothing is 100%. Patterns are good but fail a lot. It comes down to knowing how the market moves which you learn from time and experience. You need to know where to enter and where to take profits and where you’re wrong, most importantly, you need to be patient and not be afraid of being wrong and most importantly, don’t take profits out of fear
Trader Tom (easier than saying "Hougaard"!), along with Mark Douglas, has been significant for improving my trading. Before both of them I spent upwards of $45K on courses and mentors (I don't wish that idiocy on anyone!). Over the last few years have done a lot of long drives with Mark Douglas playing -- have learned so much in terms of concepts such as pre-defining and accepting risk, not needing to know what will happen next to be successful and the random outcomes of trading. Tom's book and telegram channel are also both excellent.
How do you know that your discomfort and pain is the same as that of most people whos average is driving the market? I figured im uncomfortable with having loosing trades open, which is the exact opposite of what you said most people experience. Should i therefore listen to my gut or not? 😅 im confused
Hey, if you want to trip out with automatic / subconscious writing, then do that exact supersize.... but write with your 'off' hand. at first it will be tricky and you won't keep up with your thoughts, but this engages some psyche trickery to let your subconscious speak more freely as your conscious is... occupied; also your dominant hand is your 'conscious' expression, so your non-dominant lets your brain express it's non-conscious thoughts
well if its a uptrend you go long, if its a downtrend go short. Just join the trend, know you risk, know your TP, know your SL, do this like 20x and if you SL is lower then ur TP, your winning trades will make you profitable. Just dont do the newbie mistake and short green candles or long red candles
@@YokNg yes it works on small timeframes, and on crypto bearmarket november and december i made lots of money on this. But since January Crypto bullrun i got rekt on this, since then studying trading psychology, indicators, studies, even in fact built my own tradingview indicator. and the conclusion of months long research is, if you fight the trend u will get rekt. I wish you good luck on your trading Journey my friend
@@YokNg so think of this: instead of shorting green candles, why not wait till they turn red and join the shorting trend? why risk being wrong and get stopped out or liquiadted by a uptrend? and also, if candles green and uptrend, why not simply look for a nice entry for a uptrend? makes things so much easier
@@DoomBapBellic you've just described technical analysis. Yea sure I do trend trading too. Pull back into area of support show me some candlestick reversal patterns to tell me pull back is ending. Rejoin the uptrend. Aren't these all tech analysis?
this is all nice and fluffy, but what about investors like flynch? how did he ensure most of his trades had a positive outcome? i think this book is hugely discounting the fundamental analysis of a stock or company.
I dont have a take profit target exactly i juat have to take profits before the market closes. And i start over every single trading day. I do have a stoploss. Which are always 10 percent that does not change. What does change is my options expirations. Monday through Wednesday i do same week expriations Thursdays and fridays i do options that expire the following week because the 1dte and 0dte percentages fluctuate so much more on those final 2 days.
10 days in with paper trading,
been fed up with all the influencers trying to share their BS courses.
Your channel honestly is the one reason why I decided to pursue trading again
Hey bro, how are you doing with your trading journey?
Ya how are you trading no
Think he just became a statistic 😢
Let us know.
I can share my results. Been paper trading about a month and a half total. My ‘fantasy’ account started at $100k, it is currently at about $163k. But trading with big money is pretty easy even after only a little bit of time training/studying/getting the hang of the market. Way more room for error. So…I started another more realistic account at $2500 almost a month ago. Have to be way more careful with risk management and position size on this one. The realistic account is currently at around $5400… Normal US market stocks only. I tried forex on other paper accounts and got quickly demolished 🤯😱💀 It’s a whole other beast
Notes as a reminder:
• Trading is all about making educated guess, you don't know if it's going to work - coin-flip scenario
• We lose money because we refuse to accept what is right in front of us. So, trade what you see, not what you think!
• Either the market agrees with you or it does not
• Scared money makes no money
• Stop thinking: "What if?"
• Start thinking: "If, then"
Thanks Klaus but I'm still not gonna eat the bugs
Amazing, see Klaus, you can be nice, you monster you!
Wow, this is the one, exactly what I needed to read
amazing man
I read the book I listen to Iman you still really don't understand what this is all about. Your Playing in there Casino and they own the house, Over 80 percent automated and growing. Still really doesn't make any difference you still do not understand why you lose and will go broke. Now your mad, This is your problem. You and I go to JP Morgan and ask for a loan I walk out with my loan and a credit line and you are denied. You cant fix being desperate.
I have followed him for a long time, & recently finished his book, & in future this book will definitely be regarded as one of the best. I always liked his Target-less approach...riding that 'One' trend for as long as it goes & that type of one in a month trend day is responsible for 90% of the profit i make & it also cuts down 100% of my loss.....only because i dont set targets when i am gaining high and high....sorry for my long comment, just needed to get this out somewhere XD.....just wanna say this guy really changed my p&l (no i am not a bot XD)....working on yourself is 90% of the game that is the mantra.....80% of my trade is in loss bt overall my month is in green!!!!
I can not agree more with you. Are you trading indices too?
@@samricher i only trade indice(option)
@@theouts1der awesome. I trade spx 0 dte options. How do you add to your winners in options if you ever do? Ive just stated adding but since I’m trading in the money I’m concern on which strike to add to the position? If I don’t use the same strike of the initial entry then I have to close two trades if they go bad
@@samricher my rule is, a good second signal + atleast breakeven sl, so if a second entry is there & i add to the current strike then i would move the SL to the second entry & profit for 1st should be equal or more than the loss of new one, the success rate is quite low but the one which succeed i add till i die!
**sry for my english not my first language
@@samricher & also my 1st trade is always ATM, so when there is 2nd entry it is now a good ITM trade with a stable delta for the SL to work nicely...
“Personally, trading is perfect for me. I hate talking to people.”
I’ve never related to something so much 😂
Hi bro, exactly my reason 😸👍
Same here
Trading: Introvert
Music Production: Introvert
Me: These are my 2 careers choices
@@ceed3d396I love both plus videography, I also love being around people and engaging but I also like time on my own. I sold the gear once for music production plus videography once as well due to lack of time, always working trying to provide until a bad ankle fracture at work in 2020, I was an ICU nurse( I’m a male, 45y) changed my life and moved into other things, Trading being one of them, once succeeding with it, I’ll pursue the music production and videography again. Wish you good luck in everything you are aiming for.
I don't think Tom would mind you reading from his book. He's a very genuine human ....You do a good job of adding perspective ...gratitude.
Hey man I have been listening to you all morning while trading a simulated account - just going down your most recent uploads. I really appreciate your approach to creating trading content. You’re funny, intelligent and it seems you have no intention to rip anyone off and are probably a gem of a channel. I am really tired of all the influencers and money motivating bull sh*t that is being produced and preached - I wish there was an algorithm for authenticity. You are authentic man and I appreciate that.
Thank you so much for the kind words, very happy you’re enjoying the vids :)
@@ImanTrading 13:30 Did you delete the "Introverts vs. Extroverts" video?
@@83442handle yeah lol sorry, I privated 10 videos that no longer met my standards and put them in a playlist just on Patreon.
@@ImanTrading ah ok. thanks
Bro same here. I’m a good trader with years of experience now. This is one of the only accounts I watch due to not needing a guru teach me to trade lol. Just some entertainment and some psychological reminders
"We lose money because we refuse to accept what is right in front of us." This is the key observation. First -- actually "seeing" is very very difficult -- we LOOK, which means we are looking for "something (pattern)" and we don't SEE what is in fact there. On top of that, we're are more attached to being RIGHT than we are to actually making a good trade, and the final nail in the coffin is that we are stubborn, and we have a hell of a time admitting we are wrong, especially when that would be acknowledging the pain caused by the losses. A deadly cocktail which keeps most of us from succeeding at something that machines excel at.
I think after this I will be able to go short when the market is going down, and go long when the market is going up. Thanks for the summary!
I hope so for me too lol
Same. "Don't fight the trend" is my own focus and the thing I find the hardest to adhere. Partly because of its inherent contradiction to avoiding FOMO.
Hello mate :)
We all have some kind of biais regarding that. I'm a better shorter than a buyer, that's a fact backed with months of data.
It's ok, I know I'm at best average when it comes to buying an asset, so I reduce the risk while doing that, but when it comes to shorts, i double down on my positions, because factually i've better odds to be right than to be wrong if I go short on a bear trend :)
Bottom line is : don't be afraid of the trend, as VM said too, just read what the market is doing at the time and act on it :)
There are better odds for a trend to keep going on than to reverse, and that's a fact :)
This book helped me see that I was very consistent. I've managed several times to turn $120 loss into 2k and 4K losses by refusing to realize the loss before I had to.
Excellent book. Really changed my perspective on why I was struggling as a trader and helped me correct those issues.
You are legit one of my favorite RUclipsrs and I can't express enough how much I love this book. It's one of the few books I've read thru multiple times
Mark Douglas
Tom Huggart
And Iman (Issac)
These are the only people you should read to be a successful trader.
Thank you Iman
Good Joke on third person
@@subbuc926 you are a joke, not him.
would add to the list Anna Coulling - A Complete Guide To Volume Price Analysis
add jared tendler!!!
You forgot to put Al Brooks on that list buddy
Been watching a lot of your videos lately. It's so refreshing to hear something real in the trading space. Also, love your sarcasm and humor. Great videos!
The process is the key. The process is a performance. The process is a cycle of action performed in a new unit of time
A good performance is independent from the last.
The only both good trader and teacher of this generation. Tom tells you the truth
Been a while since I've stopped by; great to see you still growing! Tom is one of the best I know. Wise folks will listen to him and do the repetitive hard work, but 90% won't.
Hope your trading is well!
Recognized the name immediately, happy to hear from you and thank you!
90% is a bit optimistic, more like 95-99%
@@elysiummaybee Indeed
I decided not to comment, thinking I might simply be adding noise. Then your other video gets taken down. Thanks Iman for presenting great resources. It is because of this video that I purchased Tom’s book for myself. Your videos are also the reason I purchased Mark’s book. I worked as a scientist for the last decade running statistics on biological data and before that I studied psychology and human behavior. “Psychology and charts!?! Why didn’t I think to pursue this option sooner??” And then I found your channel. I may be changing careers a little late in life, but thanks to you I have a direction that will shave years off my pursuit of sustainable profit. Thanks for making this path more rewarding and entertaining.
Thank you so much for commenting, sharing that with me, and for the kind words! The work you’ve done sounds fascinating, although I’m not sure I’d be able to keep my brain functioning through the statistics part 😁. Any mention of math and it just shuts down. Very happy to hear that the videos have helped, and best of luck in your trading :)
Very good of you to provide Hougaard such a thorough outline for his book '-))
THANK YOU!! a friend sent me info on this book. since I don't read fast, get easily distracted, I was looking for an audio edition & found you!! WOW!! guess was meant to be. Much APPRECIATIONS!!
Another great video. I also use the principles from this book and very similar to what Inman does.. However I'm a 99% automated forex trader so emotions really aren't a big issue. Please keep these videos coming I direct as many other traders to your channel and specific videos as much as I can. Buying audio version today.
Thank you so much. Excellent! Got audible version plus a paper copy. Actually, Tom recommended your RUclips channel this morning at his telegram.
His winning system is: buy strength and sell weakness, buy high, sell higher in the up trend breakout, and sell low, buy back lower in the down trend. 10:42
This is not easy, for day trade it is even harder,
I'm sure you've heard this hundreds (thousands?) of times, but......OMG, where have you been all my (trading) life?? I just watched a video where this guy spent 20 minutes talking about what he was going to discuss, and then discussed it for 5 minutes. That is how excruciating most trading related videos have been for me over the past 2 years. I have to watch most videos on 1.5X speed, no joke. I just found your channel yesterday, so I'm really looking forward to making my way through your videos. Thank you!!!!!
haha thank you very much :)
ruclips.net/video/4a781K2VN8w/видео.htmlsi=AxThr4bTO2RvBXeH
Man I found your channel some time ago like one or two weeks, and I'm loving the content explanations logics everything to be honest and your humor ofc but what I wanted to say is for you to just keep going and being real cause i can see you really want to help people and open the eyes off many that were mistaken by influencers .
So much Love and thx for your time on preparing all the videos you have.👏
I appreciate how your videos have got me thinking differently about trading. Thank you
So much knowledge here. I lost my ass yesterday trading the /NQ. I just kept watching it shoot up and up and up, thinking it HAS to pull down hard.
I was humbled. And down, a lot. Got a big bear hug yesterday, but I'm not giving up on it. Honestly getting out of your own head, and thinking the market HAS to do something. Is honestly the hardest part about trading.
Just picked up the Kindle and Audio. Really looking forward to reading/listening to this. The only other trading book I've read and loved was Trading in the Zone by Douglas and this looks like another gem.
Holy sh1T...i never watched your supply and demand video and I'm just watching this for the first time and I was just telling myself last night after my 2nd actual day of simulated trading with nasdaq futures (and my first positive day) that it feels like surfing waves. The ups and downs are there. You decide when to ride in.
Currently reading this book and I loved this video 10 seconds in.
Would you recommend the book for a new trader?
@@zogood3495 how new?
Hey man, I just want to say thank you for the content.
I started my trading journey right around the same time as you. Keep at it. 👍👍 🙏
I was hooked by the snake oil of technical analysis youtubers
I programmed a system based on many different indicators
The data i gathered from running this system on multiple markets over the course of many months directly correlates with everything i have found on your channel so far
I then found one of toms seminars one night on youtube and my perspective changed completely
I tried doing it manually and didnt find success 🤣but i did learn a lot
Today I found your channel and have been watching for the past 3 hours
it has changed my perspective on a lot of the mistakes i make
Trading is such a weird practice.
Its like you are condemned to freedom , there is no one to tell you , there is no stack overflow to explain wtf happened , there is no guarantee that the past will occur again.
Free to take whatever positions you want.
Free to choose whatever method/system you want.
Free to loose money as you please.
Last sentence is my spirit I'll loose money in different and creative ways and y'all can't tell me shit hahahaha
You’re one of the only traders that I’ve come across that’s my people.
You can't begin to understand how brutally hard trading is until you've done it for a few years.
Always coming out with quality content. 👌
Dude you’re awesome . You free talk commentators is so very charismatic.
I think the thing that makes Iman really stands out is the solid logic behind everything. If you do not view price action objectively and logically, how can you be successful consistently ? I'm obsessed with ICT a month ago, but now I think that there is not a clear wining logic behind it. If it something is not logical, then how can we rely on that and dream that we can size up by doing that consistently? Iman really helps me build a logical and clear framework to view things objectively
Kudos to Tom, obviously. But a huge applause to you. Your exposé made me me smile and nod. Thanks for reminding me the very basics, we all seem to forget in some moments, specially when they are critical. Nice job. This video should be mandatory for everyone in trading.
I think it would be a great idea to start a podcast series on your RUclips channel where you interview respected traders, like Tom. I believe these interviews would be both engaging and entertaining, and could add a fresh dimension to your content. Just a suggestion to help move the channel forward. Wishing you all the best!
Love this book! Currently on the "Embracing Failure" chapter ... so much to think about!
what is the name of book ?
@@MuhammadKhan-kc8ls Lord Of The Rings
@@MisterAmazingAllTheTime lmao 💀
@@MisterAmazingAllTheTime😂😂
Great video Iman! Very similar to trading in the zone it seems, definitely a book for the list!
Great video, but I'd suggest not pausing the flow of the video to put in remarks digging at other traders who we all already know are unprofitable.
Referencing your previous videos or explaining a different perspective is helpful. Keep these coming, very insightful.
Thanks. I'll have to read the whole thing.
You are an amazing person and your videos are a complete reflection of you.
Wow, thank you so much
The shape of the candle will not tell you what's going to happen next but it shows how price action went during that candles timeframe, for example it went down but closed up (hammer candle) shows that price was up when the candle closed and it had upside momentum which could indicate more upside movement afterwards. It's just increasing the likelyhood of something happening but u need way more info and analysis that would show upside to enter a trade that could possibly be a win. There is always randomness in the markets too and sometimes analysis will not work anyway.
Wish I found you earlier. Commenting for the algo. Good luck and I hope more rookies find you.
Thanks, amazing book ive read it 3 times now but a summary always helps. I also agree with you regarding disagreeing with his idea on RR, cause ever since i stopped using RR to "let trades run" i keep getting stopped out waaaay more than before. This is probably cause i trade on the 30-1h TF's and he trades mostly on the 5m so a 2% move for me might be a 10% for him.
trading is easy for me now when started it was hard, harder then anything else in planet earth, but after 3 years of charts and studies it’s just easy now!
Do you use indicators or strategies or price action alone
Thank you so much for this. You are truly onto something. Psychology, volume, order flow, and psychology.
He is super correct on Risk - Reward bit if your goal is to maximize profits, but if your goal is to smooth out equity curve then having hard targets is fine, but it will come at a cost of not capitalizing in full. You disagree on the basis of that you like to have a pre defined target that you think is reachable with high enough probability to prompt the trade in the first place, but what he is challenging you on is why arbitrarily exit there? Would the place of your exit prompt a trade in opposite direction with same conviction? or are you only exiting because of urgency to lock in profit, one of those reasons is pure emotional while the other is rational.
Food for thought. Best trades are where results can equate to technical infinity in profit and capped loss, thats why trend following works!! Would love to hear from those who disagree.
Your channel is a breath of fresh air. Thank you
3:40 "The brain sends a signal to the eye to ignore setups that don't work" that's exactly what happens when backtesting, you think you found a good strategy until you go live and fail miserably regardless of money management, that's why you have to validate a strategy in real time.
The greater understanding you have of your opponent, the better you are able to understand what she is doing. I say the word opponent but really, the market, she is my friend. I want to dance with her but i am afraid of making a fool of myself. So i study her moves.
One of my fav books! Thought I'd pop in and see how you're doing....hope you're trading is going well.
yo iman -- want to say thank you for your videos -- get a lot of out the psychological aspects..
quick question though -- is it possible to monetize your videos with ads before? id much rather go through 1-2 minutes of ads in the beginning and maybe 1 ad during and towards the end? finding the ads popping up during the video take away form the impact of the video if that makes sense. almost like trying to trade chop. haha.. again -- great videos and much appreciated
Thank you for this awesome info!
You mentioned the shape of a candle is not indicative of what will happen next, and I only kinda agree
Trading is all about being on the side of the majority, the side with the most volume, and if there is history of a reaction after a candle, then the odds may be in your favor since others will think like that too, bringing more volume to your favored direction
I agree on this. If I see a massive bullish hammer candle on say the hourly chart at a key area, the probabilities that the price will move up more are higher than if at that same area, I saw a bearish "shooting star"
I listen to this book like once every month. I love it.
You just charged up my 2025 with this, thank you very much. Please do you have an online community
Thanks for sharing. I'm a slow reader. Your summary is fascinating.
Funny as F...went through a few vid back to back LMAO 🤣 well done man 👏🏻
Best trading book out there!
Looks like I'm buying the book now. Great video.
Thank you! And yes, the book is very good. Tom is incredible.
that's good summary Iman. thanks man
4:56 I think that here Hougaard is referring to Steve Nison (a fraud) who probably was the first person to popularize the candlesticks in the western world
You are admired with Mr Robot alot. You emulate his speaking style haha
Dude I just love ur work
Just wanna say thank you!!!
Hello brother i watched your supply and demand video 3 times And wrote in a Book whatever was IMP AND GUESS WHAT FIRST I WAS NOT ABLE TO DO MARK THE RANGE WITH TIME AND PRACTICE I WAS ABLE TO DO RECENTLY I DO PAPER TRADE AND IT IS WORKING GOOD MY RR IS 1:3.5AVG FOR THIS MONTH AND PROFITABILITY IS 78%
Thnx for this fantastic video and always keeping it real.
I'll be honest... this video was a bit hard for me to watch. It was to much: "Remember when I said that in my video and this in my other video".
I understand that it feels good to get your theories and methods validated by a profitable trader, especially after a bunch of people hated on you and your trading.
But stay humble, yes? Anyway keep up the good work!
Thanks Isaac! i needed that!
Did I just like the video without watching it? If it is by Iman, it must be good 😆
I was unable to find your "Introverts vs Extroverts and the Bad News about Trading video"... I would be really interested to see what you have to say about how different personality types do in trading.. Thanks
Hey sorry, that video was kind of bad so I privated it and it’s only on Patreon. Introverts are at an advantage because being alone is energizing and where we thrive, whereas extroverts get their energy from social interactions. Trading is a lonely career, which is great for introverts and means extroverts should probably join some type of community to get their social fix :). That’s basically it for the most part.
This was an excellent video. I didn’t want it to end. Thank you eye man
Bought the book thanks to this video!
Check out "In the Zone" by mark douglas...he came up with most of these ideas 30 years ago
actually jsut watched videos from him and now youtube send me here :D
Tom Hougaard is like my hero! I want to livestream my trades as well, good and bad, but RUclips won't let me verify because of my phone number or something, so I think I'm just going to upload videos instead, but videos aren't as fun as livestreaming and it's left up to interpretation because videos can be edited. Even though I don't know how to edit videos and I probably wouldn't want to learn just for the sake of making videos or livestreaming.
The industry is populated by so many of his ilks. Let us spark a clean up.
W vid bro it would be awesome if you could do more vids like that trading books recaps thx for the vid brotha
Tom Sosnoff says that charts and tech analysis is good for helping engagement and forming an assumption, which is good because it helps formulate your trading plan, but that’s it.. it doesn’t predict or tell you what the price will actually do. I thought that was wise and doesn’t contradict anything you are teaching.
My huge wins back in my days trading options were so huge and just overly satisfying that it made it easier to take loss. Not every win was massive but enough but I loved seeing the green. I also practiced trading others money which were lower amounts so I wasn't shy from enjoying that 50$ to several hundred.
I agree with you about candle formation like hammers and shooting stars. You should never enter a trade based on that. Order blocks work well but nothing is 100%. Patterns are good but fail a lot. It comes down to knowing how the market moves which you learn from time and experience. You need to know where to enter and where to take profits and where you’re wrong, most importantly, you need to be patient and not be afraid of being wrong and most importantly, don’t take profits out of fear
Cutting losers is crucial.
Excellent explanation 👌
Ahh yes my favorite trading book
Trader Tom (easier than saying "Hougaard"!), along with Mark Douglas, has been significant for improving my trading. Before both of them I spent upwards of $45K on courses and mentors (I don't wish that idiocy on anyone!). Over the last few years have done a lot of long drives with Mark Douglas playing -- have learned so much in terms of concepts such as pre-defining and accepting risk, not needing to know what will happen next to be successful and the random outcomes of trading. Tom's book and telegram channel are also both excellent.
Are u profitable or just a statistic today?
Iman you make me laugh man. "Only joking im gonna be petty as f***" 😂
How do you know that your discomfort and pain is the same as that of most people whos average is driving the market? I figured im uncomfortable with having loosing trades open, which is the exact opposite of what you said most people experience. Should i therefore listen to my gut or not? 😅 im confused
ordering now after watching this video thanks mate
love you iman ❤ from djibouti
you need to make an update on Tom XD soon!
Hey, if you want to trip out with automatic / subconscious writing, then do that exact supersize.... but write with your 'off' hand. at first it will be tricky and you won't keep up with your thoughts, but this engages some psyche trickery to let your subconscious speak more freely as your conscious is... occupied; also your dominant hand is your 'conscious' expression, so your non-dominant lets your brain express it's non-conscious thoughts
Its on audible BTW ! For those ( like me ) that genuinely hate reading or retain information better while listening
Where we can access the audiobook
@@kevinsonvidal3229 Audible
if nothing technical works, then how do you enter trades? Randomly?
well if its a uptrend you go long, if its a downtrend go short. Just join the trend, know you risk, know your TP, know your SL, do this like 20x and if you SL is lower then ur TP, your winning trades will make you profitable. Just dont do the newbie mistake and short green candles or long red candles
@@DoomBapBellic I actually make money shorting green candles. It's called mean reversion trading
@@YokNg yes it works on small timeframes, and on crypto bearmarket november and december i made lots of money on this. But since January Crypto bullrun i got rekt on this, since then studying trading psychology, indicators, studies, even in fact built my own tradingview indicator. and the conclusion of months long research is, if you fight the trend u will get rekt. I wish you good luck on your trading Journey my friend
@@YokNg so think of this: instead of shorting green candles, why not wait till they turn red and join the shorting trend? why risk being wrong and get stopped out or liquiadted by a uptrend? and also, if candles green and uptrend, why not simply look for a nice entry for a uptrend? makes things so much easier
@@DoomBapBellic you've just described technical analysis. Yea sure I do trend trading too. Pull back into area of support show me some candlestick reversal patterns to tell me pull back is ending. Rejoin the uptrend. Aren't these all tech analysis?
Where do you go to study the failures?
Having a process that you trust along with decisiveness and patience can make you a profitable trader.
Tom wrote his book after watching your videos 😂
Thanks buddy, thanks so much.
this is all nice and fluffy, but what about investors like flynch? how did he ensure most of his trades had a positive outcome? i think this book is hugely discounting the fundamental analysis of a stock or company.
When you come back from the dead, will you be a zombie or trader? Excellent Video!!
I dont have a take profit target exactly i juat have to take profits before the market closes. And i start over every single trading day. I do have a stoploss. Which are always 10 percent that does not change. What does change is my options expirations. Monday through Wednesday i do same week expriations Thursdays and fridays i do options that expire the following week because the 1dte and 0dte percentages fluctuate so much more on those final 2 days.