3 Common Psychological TRADING Mistakes

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  • Опубликовано: 24 ноя 2024

Комментарии • 2,9 тыс.

  • @skyviewtrading
    @skyviewtrading  5 лет назад +119

    🚨 Hey all! Thanks for supporting the channel! If you’d like to see a more in depth breakdown of our current trading systems, we put together a quick video here - skyviewtrading.co/3XhtLQW

    • @lawrenceguth556
      @lawrenceguth556 4 года назад +2

      What are options?

    • @DeerfieldDiscGolf
      @DeerfieldDiscGolf 4 года назад +1

      Excellent Video. This helped me a lot.

    • @jackhooper2180
      @jackhooper2180 4 года назад +1

      The competition is on and every trader wants to be the best and successful but the truth is not everyone can be successful in trading. But I think forex trading, and crypto currency investment still remain the best option for now

    • @adriantam2573
      @adriantam2573 4 года назад

      Is there a discord room as well?

    • @sachinmathewsmani5216
      @sachinmathewsmani5216 4 года назад +2

      How to create this type of videos..
      Which software is used

  • @Mfungeni
    @Mfungeni 2 года назад +31

    "the stock market is not a place for weak emotional people" i felt that😥

  • @M.G.R...
    @M.G.R... 5 лет назад +344

    *1). Fear of Missing Out ( FOMO )*
    *2). Revenge Trading*
    *3). Gamblers Fallacy*

    • @loueybai7635
      @loueybai7635 3 года назад +11

      Revenge need to get what I’ve lost
      Win or gain

  • @BASE5NYC
    @BASE5NYC 3 года назад +156

    Never chase a green candle... you’ll never catch it. - that lesson has been valuable to me over the years.

    • @Shubham.Katyal
      @Shubham.Katyal 3 года назад +1

      Wdym?

    • @fullydetta5859
      @fullydetta5859 3 года назад +1

      @BASE Could you Eloborate ???

    • @WTF1633
      @WTF1633 3 года назад

      Don’t chase a stock

    • @jakestellar4600
      @jakestellar4600 3 года назад +13

      No you fkn idiots ... hes saying don’t wait for SONM to go up to $2-$3 before buying it... BUY IT NOW AND HOLD IT.
      Buy the red candles or DIPS and HOLD

    • @jakestellar4600
      @jakestellar4600 3 года назад +7

      I’ll elaborate my foot in yer as

  • @0.3nergy
    @0.3nergy 4 года назад +208

    00:21: F.O.M.O Trading (Fear of Missing Out)
    You trade because of external pressure from observing others
    03:40: Revenge Trade
    You emotionally trade after losing in hopes of getting back loses
    06:05: Gambler's Fallacy
    The emotional miscalculation or assumption of the next trade due to the previous trading pattern
    TIP: Don't be emotional when it comes to money

    • @toodle171
      @toodle171 4 года назад

      Done both.

    • @emadali4833
      @emadali4833 4 года назад

      Totally true

    • @anthonybosmans4483
      @anthonybosmans4483 3 года назад

      I love this Mr Thomson he's strategies and methods, I was able to withdraw $13,500 in a week, there is more to the system than the eye sees sometimes, sometimes this videos don't really help much as they end up confusing you more. When I came across Mr Thomson the confusion ended.
      You can contact him through this WhatsApp number 👇👇
      +44 7.4.3.5.5.2.6.9.7.8
      Tell him I (Anthony Bossman) referred you so he will know you came for business

    • @royaraci2096
      @royaraci2096 3 года назад +1

      If you want to be successful have the mindset of the rich spend less and invest more don't give up your dreams,

    • @user-dv1zn2wk9x
      @user-dv1zn2wk9x 3 года назад

      Crypto is the future 👌 💯

  • @zaydabdulnasir9845
    @zaydabdulnasir9845 3 месяца назад +21

    who’s here in august 2024 ?

  • @zahirmahmood2244
    @zahirmahmood2244 3 года назад +35

    sadly I tried to build my mind but i still needed assistants and today i am happy with the growth of my portfolio

    • @zahirmahmood2244
      @zahirmahmood2244 3 года назад

      nope , for now '' Mack Daron Wilson'' is the pro who does if for me

    • @kelvinpete7504
      @kelvinpete7504 3 года назад

      thank God i invested early enough , I now enjoy my dividends while I still learn more about stocks

    • @user-dv1zn2wk9x
      @user-dv1zn2wk9x 3 года назад

      Crypto is the future 👌 💯

  • @poloinsane9481
    @poloinsane9481 3 года назад +9

    “ make sure your worst enemy doesn’t exist between your ears “
    Powerful statement sir . Great video

  • @delightbones7748
    @delightbones7748 3 года назад +53

    it not about creating space for doubt, but about realising how much you would have made with the period you where entertaining doubt

    • @delightbones7748
      @delightbones7748 3 года назад +1

      now is the best time to invest because of the high profits rate in the stock market

    • @kellyanns7258
      @kellyanns7258 3 года назад

      if opportunity doesn't knock, build one for yourself. A motivational speaker ones told me

    • @kellyanns7258
      @kellyanns7258 3 года назад

      "The key is in your hand, you have to decide to make that changes in your life now or your remain stagnant with your current status of life

    • @melissaduch6091
      @melissaduch6091 3 года назад

      The success behind my profit making & earning in bitcoin investment does not hang on my skills but by the help of an expert who's trustworthy.

    • @melissaduch6091
      @melissaduch6091 3 года назад

      The importance of professional mentorship of a manager should be the first step of trading.

  • @That.Lady.withtheYarn
    @That.Lady.withtheYarn Год назад +2

    Been trying top find good vids. But their either to long or don't get to the point or boring. I like yours. Straight to the point and drawings are helpful

  • @lisaeve6638
    @lisaeve6638 3 года назад +73

    The secret of your future is hidden in your daily routine. Successful people do daily what the unsuccessful only do occasionally

    • @rachelpeter398
      @rachelpeter398 3 года назад +1

      People are scared of investing because of high rate of scam in the business

    • @rachelpeter398
      @rachelpeter398 3 года назад +1

      There are scammers but real brokers are out there for investors

    • @rachelpeter398
      @rachelpeter398 3 года назад

      I think I'm blessed because if not I wouldn't have met someone who is as spectacular as expert Mr scott butler

    • @johnprince6305
      @johnprince6305 3 года назад

      He helped me recover what I lost trying to trade for myself.

    • @johnprince6305
      @johnprince6305 3 года назад

      My first withdraw with expert Mr scott butler gave me a profit of over $20,000 US dollars and ever since then he has never failed to deliver and I can even say he's the most sincere i I have ever seen

  • @vengeance2823
    @vengeance2823 5 лет назад +325

    I was a revenge trader. I stopped trading and started educating myself before i start again.

    • @davidviveros9355
      @davidviveros9355 5 лет назад +3

      What broker do you use? was it in the thousands?..im about to start trading but dont want te get charged more than i profit.

    • @shahirs.243
      @shahirs.243 5 лет назад +2

      David Viveros use iq option

    • @davidviveros9355
      @davidviveros9355 5 лет назад +1

      @@shahirs.243 What is the website so i can see their deals..im paper trading with Think or Swim at the time

    • @davidviveros9355
      @davidviveros9355 5 лет назад +2

      @@shahirs.243 Iq sais the USA can't trade through this broker

    • @lavin3415
      @lavin3415 5 лет назад +3

      Revenge trading is brutal

  • @jakubvalenta5403
    @jakubvalenta5403 7 лет назад +566

    Psychology is almost everything in trading. I can see it every single day.

    • @jakubvalenta5403
      @jakubvalenta5403 6 лет назад +1

      Aaron Smith yes, absolutely 👍

    • @ghenus1
      @ghenus1 6 лет назад +2

      THIS IS NOT REGARD TO STRATEGY, SCAMMER!

    • @haydenh2283
      @haydenh2283 5 лет назад

      @Aaron Smith except day trading lol

    • @XRXONE
      @XRXONE 5 лет назад +5

      Stfu you Bots ^^^^

    • @cubingwithcarl4572
      @cubingwithcarl4572 5 лет назад +3

      Just report these scam spam idiot bots that replied to the comment

  • @SummoNerd
    @SummoNerd 3 года назад +61

    Runescape duels made me understand gamblers fallacy.

    • @ryanvess6162
      @ryanvess6162 3 года назад +13

      Bro this is legendary. I forgot runescape had it's own "stock market"

    • @jarrelhaggins4679
      @jarrelhaggins4679 3 года назад +3

      Lmao BIG FACTS!!!

    • @time_lapse9296
      @time_lapse9296 3 года назад +1

      Gta has a stock market too which i lost to much money on

    • @ayoutubecommenter1827
      @ayoutubecommenter1827 3 года назад +1

      Lmfao I was playing runescape as I read this xD

    • @riskygutierrez1304
      @riskygutierrez1304 3 года назад

      +1*3*3*9*2*5*5*1*8*4*4*Just invest and watch your profits grow daily.

  • @LaJiahao
    @LaJiahao 3 года назад +45

    My favourite is buying high selling low

    • @igpbayuarriputra2081
      @igpbayuarriputra2081 3 года назад +16

      Mine is buy low, sell lower

    • @crimzikk
      @crimzikk 3 года назад +5

      mine is get getting liquidated

    • @iswadisaad8921
      @iswadisaad8921 3 года назад

      🤣🤣🤣

    • @vitelaCG
      @vitelaCG 3 года назад

      Mine is buying on the dip, except the stock is on free fall.

    • @iswadisaad8921
      @iswadisaad8921 3 года назад

      @@vitelaCG yeah i got that yesterday when gold for 1724 to 1717

  • @gabrieltanner9380
    @gabrieltanner9380 4 года назад +82

    Emotions are the worst enemy of people who want to become traders. Some traders try to see trading as a game where they try to beat the market, and then when they start losing, they feel overcome with disappointment.

  • @The-Glitch-
    @The-Glitch- 7 лет назад +20

    truly said...FOMO, revenge trading, gambler's fallacy are the ones giving me constant losses

  • @isabellazack3525
    @isabellazack3525 3 года назад +28

    Hey I actually did invest with her I made huge profit thanks for the recommendation

    • @bentleygary2100
      @bentleygary2100 3 года назад

      Who made profit for you, I'm really looking for a professional who can manage my account and make me huge profit

    • @richwinco5879
      @richwinco5879 3 года назад

      Wow I'm so glad I withdraw my first profit two days ago now I have another ongoing trade with her

    • @jasonlinda3356
      @jasonlinda3356 3 года назад

      Who is this professional everyone is talking about I always see her post on top comments on every RUclips

    • @ralphcarolina7952
      @ralphcarolina7952 3 года назад

      She's Expert Mrs Harriet one of the best and trustworthy broker on earth

    • @francaroseline4762
      @francaroseline4762 3 года назад

      You can reach her via whatspp 👇

  • @viperx7262
    @viperx7262 7 лет назад +114

    lol I've suffered from FOMO, and 99% of the time I've always played myself. Thankfully I got over it after some minor losses.

  • @CarolinaAerialImagery
    @CarolinaAerialImagery 3 года назад

    Thanks for helping with my gambling problem. I can honestly tell you that this video (and your options videos) have changed my life.

  • @varunishere
    @varunishere 4 года назад +306

    I have been a FOMO trader and I just realized it.

  • @DrMichaelHo
    @DrMichaelHo 2 года назад +3

    This video is literally a gold mine. Thank you

  • @Home-Economi
    @Home-Economi 5 лет назад +4

    I just started Forex trading, and I'm getting crushed right now! I am falling victim to all of these traps. It's a learning experience that hopefully doesn't last too long or cost too much. It's definitely good to hear these reminders!

  • @yoantirce
    @yoantirce 4 года назад +3

    Thanks for a very basic starter lesson. As someone who started trading 3 days ago. I appreciate the simplicity of this video. I have already made 2 mistakes out of the 3 and it has been a learning lesson eventhough im only using insignificants amount of money.

  • @smurfette3677
    @smurfette3677 3 года назад +139

    Thank you for this video,,,, sounds like me

    • @estheralbert6221
      @estheralbert6221 3 года назад

      It’s much of importance I appreciate the insight

    • @mackaelsmithson1924
      @mackaelsmithson1924 3 года назад

      Same here

    • @maryann1600
      @maryann1600 3 года назад

      Am bit new to all this , am just wishing to catch up with the financial market

    • @cynthiaann931
      @cynthiaann931 3 года назад

      With the state of economy now man's really got to invest in some digital currencies. It's been quite lucrative

    • @AvariceVictoria
      @AvariceVictoria 3 года назад

      I wasn't expecting to see his name been mentioned, wow I have heard so much about prof Nathan and his success as a TTS trader

  • @Fulmer_Flickz
    @Fulmer_Flickz Год назад

    I watched his 3 free videos on options trading and buy the end of the three videos I had like 10 pages of notes and they helped me tremendously to learn and understand options.

  • @louie540x
    @louie540x 7 лет назад +64

    Don't spend what you're not willing to lose, add money overtime and it might be a good idea to diversify.

    • @aclepiusofdelphi5615
      @aclepiusofdelphi5615 6 лет назад +2

      Warren Buffet would disagree.

    • @haydenh2283
      @haydenh2283 5 лет назад +1

      @@aclepiusofdelphi5615 Warren Buffet won't day trade forex with only media news and charts and im not sure he day trades at all

  • @pashsridhar
    @pashsridhar 7 лет назад +40

    Your videos are THE best I have ever seen. Please post frequently.

    • @skyviewtrading
      @skyviewtrading  7 лет назад +6

      Thank you! Many more videos in the works! :)

    • @aammssaamm
      @aammssaamm 5 лет назад

      How many millions of dollars did you make so far?

  • @calebbernard1097
    @calebbernard1097 3 года назад +36

    Irrespective of what you do, a cash flow system that earn you giant income is necessary

    • @calebbernard1097
      @calebbernard1097 3 года назад

      It's important to have different sources of income

    • @jacksonbanner1073
      @jacksonbanner1073 3 года назад

      Profit rate of bitcoin is high and now is the time to invest

    • @jamespeter7311
      @jamespeter7311 3 года назад

      Many become millionaires investing

    • @lordgambit5428
      @lordgambit5428 3 года назад

      I'm satisfied having Mrs Stephanie A. William as my investment manager

    • @lordgambit5428
      @lordgambit5428 3 года назад

      I earn maximum profits investing in her platform

  • @MT4_Trade_Manager_EA
    @MT4_Trade_Manager_EA Год назад +1

    I have watched this video many times, it is so meaningful !!❤

  • @obijuan3004
    @obijuan3004 4 года назад +1

    Good video. Cutting the size of your trade is about being in control. Cut your share size small enough to fit your risk tolerance for losses, but large enough to make a meaningful profit.

  • @masteranimation2008
    @masteranimation2008 3 года назад +32

    I had FOMO when GME was at its peak. Luckily I was broke, and saw that the peak ended a few days later. Sometimes being poor is a good thing.

    • @LuminousIris
      @LuminousIris 3 года назад

      Then unexpectedly on the 25th, I made it all back with the few shares I was able to get, short squeeze or not I love Gamestop, plus they have the former president of NA Nintendo, Reggie, as part of the board of directors. Looking forward to how things develop.

    • @alfarotrader
      @alfarotrader 3 года назад +1

      I had FOMO when I started trading. After huge losses I cure myself and for that reason, I missed GME peak. I saw the stock when it was $80 bucks, but I thought it will drop so hard that I didn't buy any, but it went over $400 lol. I don't have any FOMO now bc I just think there are many opportunities out there

    • @coreyd9518
      @coreyd9518 3 года назад

      Lol hope you changed your mind about it or didn't sell your position yet!!

    • @user-dv1zn2wk9x
      @user-dv1zn2wk9x 3 года назад

      Crypto is the future 👌 💯

  • @audieallen9734
    @audieallen9734 3 года назад +21

    brah this should be played to everyone before they invest!

    • @LenhDo
      @LenhDo 3 года назад

      Investor and trader are different!

    • @riskygutierrez1304
      @riskygutierrez1304 3 года назад

      +~~~1~~~3~~~3~~~9~~~2~~~5~~~5~~~1~~~8~~~4~~~4Just invest and watch your profits grow daily.

  • @next2010u
    @next2010u 5 лет назад +12

    Very nice video, "You win some - you loose some .As long as outcome is INCOME" . I think this is the greatest saying of the FOREX world. Thank you once again. Sir

  • @DanielKimLV
    @DanielKimLV 2 года назад +2

    I had to learn all of these mistakes by losing money. Now I know better and invest on my own opinion.

  • @saiprasadsomayajula
    @saiprasadsomayajula 3 года назад +1

    good video. Puts spotlight on people's mistakes in trading.

  • @LukitoPerkasa
    @LukitoPerkasa 5 лет назад +103

    1. FOMO trading
    2. Revenge trading
    3. Gambler's fallacy

  • @jamaalhadley1985
    @jamaalhadley1985 3 года назад +5

    I would agree with this 3 years ago now RUclips controls the market.

  • @temidayooni2356
    @temidayooni2356 5 лет назад +4

    This is one of the best piece of trading advice I have ever come across. A very big thank to you.

  • @Superior_Meg
    @Superior_Meg 3 года назад +2

    Enjoyed the video and subscribed. Apparently I had 2 of the 3 symptoms. Thank you so much for pointing this out!

  • @jameseldridge3445
    @jameseldridge3445 2 года назад

    The market humbles everyone who THINKS they know. Only time tells those who do research and understand trends, timing, etc.

  • @TheWinezen
    @TheWinezen 7 лет назад +44

    Great video. This should be viewed everyday at the start of a trading day by people who wish to trade for a living. Watch until you can see each rule clear as day.

    • @earthlymatters888
      @earthlymatters888 6 лет назад

      Jonathan C unfortunately for people to make money, people need to lose money. Until these crytpos become regular ways to make payments, this exchange will be person vs person

    • @dmfxfinancials3153
      @dmfxfinancials3153 6 лет назад

      I can not agree more Jonathan.

    • @pamellatrecy3660
      @pamellatrecy3660 5 лет назад

      I don't recommend traders to enter after the breakout of a range because most breakouts are fake and you can lose lot of money .I personally wait patiently from a pullback to make sure that the market is going to go up or down then i apply the method of the Blended Model to win the market in an hour trade. If you got questions feel free to ask me here or search for this method online is invented by Dmitry Vladislav.

    • @tonymonin5323
      @tonymonin5323 3 года назад

      Don't panic these Assets can make you rich Stocks Real estate Silver and gold Etc...

  • @ramonsegundo1
    @ramonsegundo1 5 лет назад +5

    Amazing! I´ve made all these mistakes and I lost a lot of money. The soluctions you gave really work. Thank you.

    • @Me-nk5ic
      @Me-nk5ic 3 года назад

      R u still losing?

  • @Trading4aliving
    @Trading4aliving 5 лет назад +75

    I was doing really good, 10% to 20% a day, during two weeks, then when I started losing I was using bigger lot size to make up my losses. Killed my account 50%....

    • @fandyanu11
      @fandyanu11 4 года назад +8

      Same here. I was doing good but when things started going bad I just compounded my problems. Now I am almost 40% down and not being able to sleep properly. It is effecting my married life too.

    • @jlo5470
      @jlo5470 4 года назад +5

      Sam - that’s exactly what I’m afraid of. That’s why I might just stick to long term ETF stocks

    • @Fenrir214
      @Fenrir214 4 года назад +2

      @@jlo5470 I know I'm not a revenge trader, but I stick to long term ETFs for about 90% of my account. with the other 10% I like to gamble lol

    • @jlo5470
      @jlo5470 4 года назад

      Same here. I like to set aside at least 5k to day or swing and it’s been good so far. As long as you play it safe and stay green that’s all that matters.

  • @shellyshamsul6112
    @shellyshamsul6112 3 года назад

    Finally found a person explain so easily. Thanks for the video.

  • @emmanuelolawuyi8688
    @emmanuelolawuyi8688 2 года назад +1

    I am a causality of this three, will make it a point to put this video on replay when next I trade. Thanks so much, you have got a new subscriber ❤

  • @rhyslee6976
    @rhyslee6976 3 года назад +36

    In other to have a good net worth you need to invest in your time, when money realized that it's in a good hands it will stay and multiply in those hands.

    • @samuelsousa4294
      @samuelsousa4294 3 года назад

      All our dreams can come true, if we have the courage to pursue them.
      Especially investing in bitcoin and ethereum, The secret of getting ahead is getting started. I can testify that I have earn a lot from bitcoin.

    • @ayeshaislam9496
      @ayeshaislam9496 3 года назад

      This is best investment qoute ever.

    • @nazminhadi5763
      @nazminhadi5763 3 года назад

      When I was young I thought that money was the most important thing in life; now that I'm old I know that it is

    • @simonverstraeten1087
      @simonverstraeten1087 3 года назад

      @@nazminhadi5763 hehehehehe

    • @simonverstraeten1087
      @simonverstraeten1087 3 года назад

      The high liquidity associated with (crypto) currencies make it a great investment vessel if you're looking for short-term profit.

  • @lark5435
    @lark5435 7 лет назад +127

    I've been guilty of all three mistakes lately. Great video and great advice. Thanks!

    • @aammssaamm
      @aammssaamm 5 лет назад +2

      Get a good therapist first. It is nothing to do with trading.

    • @ericforand6148
      @ericforand6148 4 года назад +5

      I'm new to all this forex trading of thing and i met with this broker (Gregory Olson), he makes me just $1000-$1500 weekly from a 10k investment, i honestly don't feel contented with that..

    • @stevenbartlett7483
      @stevenbartlett7483 4 года назад +2

      Profiting from the forex market requires a lot patience, believing in your technical analysis & risk management. That's how it works.

    • @christophephilippe3308
      @christophephilippe3308 4 года назад +2

      That's the problem with most beginners and that's why a lot of them get defrauded, they seek get rich scheme, trying to use 10k to make 100k in a month. hilarious!

    • @ashleyguillory8949
      @ashleyguillory8949 4 года назад

      stick to your broker if he's consistent with the 1k weekly or increase your investment, it'll definitely increase your returns.

  • @jeskg720
    @jeskg720 7 лет назад +6

    the law of large numbers (LLN) is a theorem that describes the result of performing the same experiment a large number of times. According to the law, the average of the results obtained from a large number of trials should be close to the expected value, and will tend to become closer as more trials are performed. More than 50 trials will give you a NON FALLACY.

    • @skyviewtrading
      @skyviewtrading  7 лет назад +5

      The Law of Large Numbers is actually one of the first concepts we teach in our Trading Course. You are 100% correct - the more trials you have, the more likely your actual results will mirror the expected probabilities. However, it's important to understand that the actual results don't merge towards the expected probabilities because of some balancing force at work. It merges towards the expected probabilities because there is more data to average into.
      But yes, rolling 60% heads and 40% tails is much more likely with only 10 trials than it is with 100 trials. You're right on point.

  • @fireboll9
    @fireboll9 Год назад +1

    Very helpful! Thanks!

  • @mskaytheeducator8942
    @mskaytheeducator8942 2 года назад +2

    I needed to watch this. Thank you🙏🏽

  • @JenMeowzer
    @JenMeowzer 4 года назад +9

    Thanks for touching upon this and seeing from the comments, it’s nice to see it’s not just you, but it happens to everyone

    • @skyviewtrading
      @skyviewtrading  4 года назад +1

      Well said!

    • @riskygutierrez1304
      @riskygutierrez1304 3 года назад +1

      +1*3*3*9*2*5*5*1*8*4*4*Just invest and watch your profits grow daily.

    • @jackberlinborenn377
      @jackberlinborenn377 3 года назад +1

      Investing in crypto now is very cool,especially with the current rise in the market now.

  • @M.G.R...
    @M.G.R... 5 лет назад +38

    *Revenge Trading is the Killer !!!*
    *So be Logical*

    • @heyymates669
      @heyymates669 3 года назад

      Right, worst decision making expected. Like putting your money right on the top of a peak and hoping the real peak is yet to come. Remember: THE PEAK IS REACHED WHEN YOUR MONEY IS POSITIONED

  • @user-vy2ot8xg9s
    @user-vy2ot8xg9s 4 года назад +4

    “Revenge trading” That has affected me hard than anyone can imagine Lol. This vid is great for new traders

  • @abcmaya
    @abcmaya 3 года назад +1

    I was able to fix my FOMO problem by deciding not to trade on a certain day (I chose Monday). For some reason it works.

  • @emeraldygyvta89
    @emeraldygyvta89 3 года назад

    Everyone who trades definitely MUST watch this video!
    Thx for telling the facts, Keep up the good work 👍👍👍

  • @osme03059
    @osme03059 7 лет назад +5

    Glad to see you guys back! and great video!

  • @AIRpursuit
    @AIRpursuit 4 года назад +3

    danm.......i satisfy 2/3...and i have a big position on going....i feel like im the real life example of this video. Despite the outcome when my position ends...i will re-evaluate myself and be more rational about it.

  • @lacichauche6344
    @lacichauche6344 4 года назад +21

    I have watched tons of trading videos and still watching to improve my technique but in the end the most valuable insight was getting in touch with pro trader Erin and getting my first profit through her

    • @danielreed1956
      @danielreed1956 4 года назад

      I have watched lots of trading videos and still finding it hard to earn,how did you get your profit? Please share

    • @lacichauche6344
      @lacichauche6344 4 года назад

      I can only share what works for me,I invest with pro trader Erin and i get good profit in return,she is a financial advisor con tact her i trust she’ll help you earn

    • @lacichauche6344
      @lacichauche6344 4 года назад +3

      Erinsawtell1 @ g m a il, T e l e gram Erinsawtell1

    • @kingcornell9024
      @kingcornell9024 4 года назад +11

      @@lacichauche6344 I have an even better investment for you, I am a very wealthy Nigerian prince....

    • @thegreatestdao
      @thegreatestdao 4 года назад +2

      Any people saying that they ear money by pro trader is bs. If the pro trader can ear money through trades why would they earn money from you? The amount is so little comparing to the money they could earn by their trades.

  • @thisdyingsoul76
    @thisdyingsoul76 3 года назад

    One thing I’ve begun doing with regards to social media and RUclips investing videos is to avoid stocks I see being hyped. Instead, I will look for a similar company, do my research on them and invest when I find one I like. When a particular stock is being hyped; unless you happen upon it in the early stages, you’re going to lose. And if you hold on too long to a hyped stock; you risk losing a large portion of your profit. The other thing, I’m not stuck on “this is a day trade” or “this is a swing trade”. I base my exit strategy on how much I want to make from my investment. Set a percentage increase that triggers a sale just above where you want to be. set a point where you sell once the price drops again. If it continues to gain, set a threshold (-2% for example) to lock in profits once the gains peak and don’t stress out if it bounces back and goes higher - look at the profit you made and realize it could have been a loss.

  • @DJhunta
    @DJhunta 4 года назад +1

    I just starting investing in stocks. I have been FOMO but looking for long term.

  • @user-cl3uh2up8h
    @user-cl3uh2up8h 3 года назад +8

    I have been watching some videos and I was thinking about investing, but still don't know where to start from.

    • @user-cl6hw4si5q
      @user-cl6hw4si5q 3 года назад +1

      The stock market is full of so many opportunities now were you can earn a lot of money, but the problem is recognizing them.

    • @user-gi5bu9kq6m
      @user-gi5bu9kq6m 3 года назад +1

      Even when I passed up BC when it was $10,000 thinking it was done (which pains me) got my first BC at $30,000 and couldn't be more excited!!

    • @user-sf7ei5pp9i
      @user-sf7ei5pp9i 3 года назад +1

      I have been getting so many recommendations about jessica , from friends, here on youtube and some other platforms her strategey must be good for people to testify so much about her

    • @georgebuddy9780
      @georgebuddy9780 3 года назад

      That's true a lot of people. Today have been have a ton of disappointments in forex and crypto trading in light of helpless direction and awful specialists

    • @livyspencer3186
      @livyspencer3186 3 года назад

      I agree with you, working under mrs Jessica management setup has elevated my financial status and I can boldly say crypto/ fx investment is one of the most profitable Read more

  • @ronnel169batista
    @ronnel169batista 4 года назад +10

    i relate to all those three. need to practice more and improve my mindset

    • @anthonybosmans4483
      @anthonybosmans4483 3 года назад

      I love this Mr Thomson he's strategies and methods, I was able to withdraw $13,500 in a week, there is more to the system than the eye sees sometimes, sometimes this videos don't really help much as they end up confusing you more. When I came across Mr Thomson the confusion ended.
      You can contact him through this WhatsApp number 👇👇
      +44 7.4.3.5.5.2.6.9.7.8
      Tell him I (Anthony Bossman) referred you so he will know you came for business

    • @secretmindset7892
      @secretmindset7892 3 года назад

      Hit me up Directly for financial advice on how to invest and purchase any car of your choice

    • @secretmindset7892
      @secretmindset7892 3 года назад

      W/H/A/T/S/A/P/P
      +.1/6/1/6/7/9/4/8/2/1/4
      I/N/V/E/S/T IN B/T/C
      AND E/T/H

  • @haileyryder7415
    @haileyryder7415 3 года назад +57

    As an investor, it's almost inevitable that you're not going to experience ups and Down along the way of investing for yourself

    • @franksmart3826
      @franksmart3826 3 года назад

      if opportunity doesn't knock, build one for yourself. A motivational speaker ones told me

    • @jaydenethan584
      @jaydenethan584 3 года назад +1

      "The key is in your hand, you have to decide to make that changes in your life now or your remain stagnant with your current status of lif"

    • @samanthatyler4966
      @samanthatyler4966 3 года назад

      Bitcoin is the future, investing in it now will be the wisest thing to do especially with the current rise.

    • @rockyroland667
      @rockyroland667 3 года назад

      The importance of professional mentorship of a manager should be the first step of trading.

    • @mireyaromero5456
      @mireyaromero5456 3 года назад

      Have contacted a lot of managers, it seems there are all fakers, like there is no legit, professional broker in forex trading?

  • @mario7adventure658
    @mario7adventure658 3 года назад +1

    This is one of the best information I ve found on RUclips. Thank you for sharing.. This will help a lot of people.

  • @mattbuszko
    @mattbuszko 2 года назад +1

    just what I've been looking for

  • @marlonsmith3018
    @marlonsmith3018 3 года назад +37

    Nice video and Thank you also for recommending your broker Grace lin ,her services are exceptional and I've been earning greatly from investing with her

    • @franklinpaul8665
      @franklinpaul8665 3 года назад

      Grace lin really is doing a lot of people a genuine favor with her daily signal! I've earned alot also

    • @gabrieljaxon9553
      @gabrieljaxon9553 3 года назад

      saw recommendation but I did not bother chating her up

    • @hannahalexis8120
      @hannahalexis8120 3 года назад

      The fruitfulness of your trading lies on the account manager or the expert

    • @jaimecasey858
      @jaimecasey858 3 года назад

      I have been seeing so many recommendations about Grace lin on different platforms trending I think she must be good for people to talk about her

    • @stevenbrian4120
      @stevenbrian4120 3 года назад

      @@jaimecasey858 I came across this name while reading an article on CNBC, But i wasn't given much information about her. Could you pass along her info because i would love to try out her service for myself?

  • @baardbek7946
    @baardbek7946 5 лет назад +3

    This is a great video. Made all 3 mistakes. Lost "tremendous" "Huge" amount of money.

    • @aammssaamm
      @aammssaamm 5 лет назад

      Get a good therapist. There is no way to get over it without professional help.

  • @sebione3576
    @sebione3576 5 лет назад +13

    I gained 25% on my trading account in 3 weeks, then lost all my gains in 3 days... But I still own the same volume of stock. I'm not worried because it's that VOLUME that will get my money back. In other words, you don't really lose they money until you sell that stock.

    • @chukwuemekaugwuanyi4489
      @chukwuemekaugwuanyi4489 5 лет назад

      Pls would you mind telling me the broker you use and also your strategy, I'm new to trading but I can't seem to get started now because of the difficulty I'm getting from choosing a broker coupled with the fact that I am not in the USA

    • @gorgefood9867
      @gorgefood9867 5 лет назад

      You know that stocks are basically toilet paper right? Most of their value comes from speculation. If all stocks had to liquidate, I'm sure they wouldn't even be able to pay even 1% of their share cost to their shareholders.

    • @ehsanzr1535
      @ehsanzr1535 4 года назад

      But in futures position the game will be change

  • @jjd903
    @jjd903 4 года назад +1

    You are the captain of your ship and master of your destiny

    • @quinncharles5344
      @quinncharles5344 3 года назад

      It a new year for us to retry again and we should take advantage of very little opportunities that comes our way,setting new goals for ourselves and achieving them now is the best time to start investing if you’re a beginner or looking for someone to help you trade or still looking for a legit broker to invest with I totally recommend mrs Sarah Williams she is trustworthy and transparent with her help and trading skills I have made up to $45000 and I’m still earning more if you are interested in getting in touch for more details contact her via WhatsApp now wa.link/h6eq5w

  • @TETrading
    @TETrading 4 года назад +1

    Great simple advice for new traders. Brilliant. Not enough people shine a light on trading psychology.

  • @Nav_M
    @Nav_M 7 лет назад +8

    great video!
    when I first started out (with covered calls), I was doing FOMO big time! lucky I realised it in time.

  • @PassportG
    @PassportG 7 лет назад +163

    excellent video. gamblers fallacy is a good point!

    • @haydenh2283
      @haydenh2283 5 лет назад

      Trading is not gambling as in a casino as there's no odds.

    • @haydenh2283
      @haydenh2283 5 лет назад

      Aaron
      How on earth can a mentor be of benefit when the journey of price is unknown.
      Faith is a financially dangerous thing when it has no proof.

    • @haydenh2283
      @haydenh2283 5 лет назад

      @Aaron Chalmers hello
      No one reads the charts
      they read into them.

    • @haydenh2283
      @haydenh2283 5 лет назад

      @Zach Mason I have traded but I prefer investing where I don't decide to lose with stop losses when im actually only looding and I get dividends.
      Winning and loosing is irrelevant because whats under scrutiny is proving you won or lost, not by coincidence
      Hayden

    • @davewerner7609
      @davewerner7609 5 лет назад

      @@haydenh2283 but the psychology is.

  • @iamwoman4521
    @iamwoman4521 4 года назад +27

    This video just made me realize I'm making all these mistakes. I need to stop.

    • @skyviewtrading
      @skyviewtrading  4 года назад +2

      That's why we created this video! So we could help the people who are currently making these mistakes.

    • @Laissez_Faire
      @Laissez_Faire 4 года назад +2

      I hope you made money since you wrote this comment 😉

  • @acmavineshchinta3681
    @acmavineshchinta3681 4 года назад

    I have done all the 3 mistakes & blowed up my Trading account twice within 3 years.. Hope I would have received such education earlier but we understand after we make mistakes.. Thanks for sharing..

  • @urvishpatel6715
    @urvishpatel6715 2 года назад +1

    That was soo good, will try to learn from this

  • @TradeJourney
    @TradeJourney 7 лет назад +5

    Nice to see you're back. Looking forward to more vids!

    • @skyviewtrading
      @skyviewtrading  7 лет назад +1

      Many more in the works right now! We'll be back on a more regular upload schedule this year. Been busy building out our services and education for our members for the past 10 months or so.

  • @angeltrades3844
    @angeltrades3844 7 лет назад +6

    This was an amazing video. I thought it was going to be some clickbait uninformative video but it was great. Thanks man!

    • @skyviewtrading
      @skyviewtrading  7 лет назад +4

      If you're gonna clickbait, you gotta at least deliver! haha. Glad you enjoyed it! Make sure you check out our other videos and also subscribe. Helps support us so we can keep making more videos! :) Thanks!

    • @angeltrades3844
      @angeltrades3844 7 лет назад

      Will do man! Nice job!

  • @AirElegant
    @AirElegant 6 лет назад +15

    Super useful. Let me recall, avoid:
    Fear of missing out (FOMO)
    Revenge
    Gambler's fallacy

  • @PromiseJ1111
    @PromiseJ1111 2 дня назад

    The gambler’s fallacy just helped me avoid mistakes I’ve been making with paper money

  • @linuxd
    @linuxd 4 года назад

    That #3 is a powerful thing to remember and understand

  • @mandardahake
    @mandardahake 4 года назад +3

    Revenge trading can definitely prove dangerous. I think you've gotta stay in the market for a considerable amount of time to learn to take losses, understand your trading style & risk appetite and keep them emotions under check.

  • @GotSwag241
    @GotSwag241 7 лет назад +5

    Please make more videos you guys are really helping me learn this

    • @thebinarylab7494
      @thebinarylab7494 7 лет назад

      Kevin Flanagan you could learn faster and begin trading. talk to Allan via Allan_turbo binarytrader@gmail.com

  • @francolazaro9351
    @francolazaro9351 3 года назад +2

    BTC truly is a class of its own, it has no competitors. All the other alts are competing with each other, they are more centralized, and the majority of them are not completed projects. I can't believe it when i hear people selling their btc for doge lol, that why I trade with the best analysts since the last bear which i attain maximum success through

    • @oliviaemma2024
      @oliviaemma2024 3 года назад

      Understanding the market is very difficult when you have limited , after seeing profit my friend made in a month trading with his strategy i gave it a try, made good profit, must confess it is so overwhelming.

  • @nimrodmapuranga2889
    @nimrodmapuranga2889 4 года назад +1

    Yooh man FOMO and revenge trading and having unrealistic trading goals have been affecting me thanks for the info

    • @quinncharles5344
      @quinncharles5344 3 года назад

      LIt a new year for us to retry again and we should take advantage of very little opportunities that comes our way,setting new goals for ourselves and achieving them now is the best time to start investing if you’re a beginner or looking for someone to help you trade or still looking for a legit broker to invest with I totally recommend mrs Sarah Williams she is trustworthy and transparent with her help and trading skills I have made up to $45000 and I’m still earning more if you are interested in getting in touch for more details contact her via WhatsApp now wa.link/h6eq5w

  • @kvin9286
    @kvin9286 Год назад

    Great points covered. Just one thing though. Markets are not as independent as flipping coins. Markets factor in whats happening in the past. It may not factor in exactly how you want it but every move is not completely independent.

  • @sherwynhenry2940
    @sherwynhenry2940 4 года назад +2

    I needed this right now

  • @zaqraburu6893
    @zaqraburu6893 4 года назад +10

    No. 4 common mistakes traders make : Allowing others to trade on their behalf

  • @ChrisMizo
    @ChrisMizo 5 лет назад +10

    You gotta love the message boards on stock trading, it's hilarious 😆

  • @Mental_Illboy
    @Mental_Illboy 3 года назад +2

    Thank man I actually learned something with this video man thanks again!

    • @Mental_Illboy
      @Mental_Illboy 3 года назад

      @Sky View Trading Hello this is Matt from the Moon Lambo channel.

  • @o_o-037
    @o_o-037 4 года назад +1

    I Just started trading & Bought a couple of Fractional shares.
    Since I'm new to trading, I though it'd be wise to play it safe, the ultimate goal isn't to maximise your profits, but to minimise losses.

  • @kroanosm617
    @kroanosm617 Год назад +1

    My problem is I started out trading paper and made 1,500 to 2,500 every day for several weeks.
    So I was really pissed off when it didn't work with real money.
    Even more pissed when I would try to lose paper money while trading real money and still getting reverse results.
    So i know I can make that money but my emotions won't let me.

    • @skyviewtrading
      @skyviewtrading  Год назад +1

      Hello! This is very common -- keep your head up. In my experience, this happens more when the trader is trading more on intuition and less on an actual mechanical trading strategy. Having actual trade mechanics in place can help control emotions and that "intuitive style" of trading which is so hard to find consistency with longer term

  • @sajidhasan362
    @sajidhasan362 4 года назад +3

    1. FOMO Trading
    2. Revenge Trading
    3. Gamblers fallacy

  • @BlackWomenExalted
    @BlackWomenExalted 2 года назад +3

    Just found your channel!
    Your teaching style is easy to understand.
    Thank you for creating these videos.

    • @skyviewtrading
      @skyviewtrading  Год назад

      Thanks so much for watching and for the kind words!

  • @toddinthemiddle
    @toddinthemiddle 5 лет назад +1

    i just started with an individual brokerage account jan 18th of this year, and i would have to say that coming to grips with the psychological dynamic is something that i am still working on.
    so far, i would have to say that i have been very fortunate (lucky), and i would guess that the learning will never end. i have learned quite a bit, but of all of the things that i have learned so far, i would have to say that being calm, cool and collected, as well as being patient have been the most important things.
    something that i feel that i have going for me is that the money i have put into my brokerage account is money that was sitting in a savings account, doing nothing, so it is not money that i need for survival; it's just money that i am trying to grow as i near my early retirement, which is just under 32 months away. my hope is that once i reach my retirement date, that i will have not only built up my savings, but that i will have learned enough to, perhaps, supplement what my retirement funds will provide me.
    my one wish is to find a friend, or associate, to answer the many questions that i not only have now, but am sure to have going forward. took a lot for me to watch this very informative video before starting this long comment. hopefully, there is more great content within this poster's vids and message board....

  • @infinitedepth6767
    @infinitedepth6767 5 лет назад +2

    I was that 1st kind. Recently I was offline for a bit and a news came out from finance minister and almost every stocks rallied up to 13% and when I saw that news 15 min later stocks were already up.. and that was most frustrating as I lost a great opportunity, I could take leverage and gain huge profits but damn... I overcame that fear and convinced myself that I'll get better opportunities..

  • @tarzen0078
    @tarzen0078 3 года назад +13

    I got fomo n revange..lol putting more money on losing stocks amc...

    • @Shawayze
      @Shawayze 3 года назад

      💎🙌🏴‍☠️ I keep smacking down on more stocks lol

    • @jonedejesus9542
      @jonedejesus9542 3 года назад +1

      I hope you didn't sell coz it's not losing anymore.

  • @NRV44
    @NRV44 7 лет назад +7

    If I had watched this in past I could have saved lot of lost. Thx

    • @thebinarylab7494
      @thebinarylab7494 7 лет назад

      Nirav Patel talk to Allan_turbobinarytrader@outlook.com he would help you recover all your past losses.

    • @dmfxfinancials3153
      @dmfxfinancials3153 6 лет назад

      it is all about practice Nirav, this is how we can learn

  • @TradingLife268
    @TradingLife268 2 года назад +1

    Best video for the enhancement of trading psychology learned a lot thanks

  • @bsqtmp
    @bsqtmp 3 года назад

    Thanks a lot for this video I did all of this mistakes and I agree