Alpha Capital is the #1 prop firm. We're proud to have a huge 30% discount for you on ALL evaluations: app.alphacapitalgroup.uk/signup/TOT (Or Use Code: TOT) Alpha Capital is already one of the cheapest firms without our discount. Never denied a payout and one of the only few prop firms that didn't get banned from MT5. Trade with firms you can trust. That have their own regulated broker, their own tech and a metaquotes license. And most importantly the best trading conditions compared to other props. It's a no brainer
Hey! Thanks, Waqar, for the invite. It was my first podcast in English. I enjoyed it, and I hope with actions like this one we set the trading standard back to being a serious industry! I hope your community enjoys it as well.
Hi David! Great podcast. Thanks for sharing your journey with us. By the way, you didn't clearly answer the question about the bridge between knowledge and profit. What is that bridge?
@@yondamnLearn the basics, establish your well defined strategy (don’t overcomplicate it), backtest it with enough historical data, and just execute. Focus on your results data, (RR ratio, winrate, winning pairs, most profitable sessions, winning duration, setups, risk parameters..) and actively optimise them and make tweaks to increase the performance over time, don’t forget to journal all the process. Knowledge bar is finite, once you learn all the fundamentals jump directly into executing the strategy and focus on the optimisation of your data. Hope it helps!
@@yondamnretweet Truly insightful knowledge David Thank you! How much historical data for backtesting is good? I heard you mention crypto doesn't have more than 10year. range. For forex, do I need more than 10 years? Or a year is fine?
around this time I’m more attentive! Its just inevitable that there's going to be peaks and troughs in the graph of economic growth or prosperity, there's never going to be one underlying cause that connects them all, embrace the opportunity, make interest, cashing up on dips.
Those calling stocks momentum a flunk aren't considering the long run. The companies themselves have not changed, it's the market that changed. Steady as it goes, and it'll regroup in weeks.
If you are not too savvy with the market, it’s the best time! just buy and hold on strong companies or best you seek out areas within sectors that can help you sustain a balance in both growth and value overtime. In certain cases, it's even wiser to speak with a smartvestor to determine options best meant for you, I personally did this, and it works pretty well.
right now I’m being focused on renewable energy, semiconductors, Ai chips which will be hugely integral on every sectors in the coming years. an absolute power move right now.
My favourite lines from the episode, "being broke is hard, being rich is hard; being fat is hard, being fit is hard; being single is hard, being married is hard; being a trader, being a businessman is hard". Choose your hardness wisely.
The secret is trade and trade often, open a paper trading account and just trade you’ll blow up a few accounts along the journey but eventually you’ll have a profitable system.. it’s no different if you want to be a professional athlete, or a Guitar expert etc.. it takes years to achieve professional status
What a great conversation, especially about happiness. As an almost 50 year old woman who has had a very full life journey so far, in my experience what you say is so true. Happiness is fleeting. What we’re looking for (as humans) is joy, and joy comes from inner growth. To look back 30 years and noticed how much one can grow over the years is truly joyful. I wish we had the opportunities back when I was younger that you guys have today. You truly have the world at your fingertips & anything is possible if you’re willing to put in the effort. Great chat guys! A pleasure to listen too 😊
0:00-1:17 Intro 1:17-4:36 David's backstory 4:36-6:04 David's trading company crypto ventures 6:04-10:54 Applying forex knowledge to the crypto markets 10:54-15:16 Managing crypto portfolios 15:16-16:54 The debate around decentralization in crypto 16:54-18:27 Who can really make a difference in the crypto market? 18:27-21:11 David's experience in the crypto space 21:11-23:59 Finding fulfillment in entrepreneurship 23:59-28:55 Finding the balance between happiness and wealth 28:55-33:36 Embracing difficulty and seeking knowledge 33:36-35:43 Bridging the gap between profit and knowledge 35:43-40:46 What is David doing currently? 40:46-45:57 Insights on prop-firms using data 45:57-49:10 The reason why David puts more effort into his prop-firm 49:10-52:26 Different prop-firm having difficulty selling brokerage data
Hey buddy thats the first real comments that i saw on youtube...you are a real trader …its definitely all about your psychology and risk management but I guess it doesn’t sell😅 it’s all about knowing the numbers of your strategy in a long series of trade at least 100 ,be sure to have a positive expectancy ,manage your emotions that’s the hard part because it’s an everyday job..
If that was true... everybody would stop backtesting. When you backtest something new you will discover that it succeeds less than you hoped for. However. There are differences between strategies. If you have the standard 1:2 risk reward as basis, you will see that some strategies can have as low success rate as 20. Others can be as high as 40 or above. So you don't have to rely solely on discretionary trading. Personally I have moved away from the fixed risk reward. Quite seldom, but it happens, I see something that can go very far and I just let it run. The losers I cut very fast. What is for sure though. You can move away from everything that is popular and well known cliches. They don't work.
So true. I trade a naked chart except for my own S&R lines marked out. Today I put a pivot indicator on the chart after listening to a RUclipsr say it was the bomb…omg, I couldn’t see the chart anymore 😅 basic trading works for me. Discipline and patience is the key for my profits.
his input @30:00 where he talks about the need for a simplistic strategy that you could explain to a one year old child is literally the key to trading. if you can’t simply trade, you wont succeed. it has to be the most black and white strategy. “if this happens then I will do this.” thats it….
This young trader is very wise. Not just for his age but for any age. I am a 48 year old trader who has failed many times before finding success and he speaks a lot of truths.
Splendid review, there are a lot of traders that do not know the market they want to trade -it is not a must to trade the forex market, or to trade only crypto, it depends on what fits your interest -as all of them make use of technical analysis, they just have different rules and approach that you would need to learn -but some traders prefer to trade forex, and to invest in cryptocurrency and so far it has worked for them Investing in yourself is the best thing you can do, and as a part of investing in yourself; you should learn more about money management.
Not studing at all will certainly not make you a better trader...impossible to trade without knowing what is going on. De español a español, David. Gracias por la entrevista
I’ve looked up his prop firm but unfortunately there isn’t an English specific page. Only as a translator page. Does the firm offer services outside of Spain?
I find a lot of these young successful guys ( no shade) have just benefited from crypto bull run ? How many would even exist if crypto was not a thing I wonder.
There is nothing that can beat studying, study and study so that you can be approved... One day your studies will allign with your personal strategy...
I think there is a fault reverse trading the losers because I'm sure many losers are loosing not because of technicals but more because of psychology on markets.
The podcast is good but ACG is not because with the KYC method, they unilaterally decide many traders who want to be funded and PO. Many have become victims and they do not approve re-KYC even though my documents are complete and original.
Alpha Capital is the #1 prop firm. We're proud to have a huge 30% discount for you on ALL evaluations: app.alphacapitalgroup.uk/signup/TOT (Or Use Code: TOT)
Alpha Capital is already one of the cheapest firms without our discount. Never denied a payout and one of the only few prop firms that didn't get banned from MT5.
Trade with firms you can trust. That have their own regulated broker, their own tech and a metaquotes license. And most importantly the best trading conditions compared to other props. It's a no brainer
not working..
Hey! Thanks, Waqar, for the invite. It was my first podcast in English. I enjoyed it, and I hope with actions like this one we set the trading standard back to being a serious industry! I hope your community enjoys it as well.
Hi David! Great podcast. Thanks for sharing your journey with us.
By the way, you didn't clearly answer the question about the bridge between knowledge and profit. What is that bridge?
@@yondamnLearn the basics, establish your well defined strategy (don’t overcomplicate it), backtest it with enough historical data, and just execute.
Focus on your results data, (RR ratio, winrate, winning pairs, most profitable sessions, winning duration, setups, risk parameters..) and actively optimise them and make tweaks to increase the performance over time, don’t forget to journal all the process.
Knowledge bar is finite, once you learn all the fundamentals jump directly into executing the strategy and focus on the optimisation of your data. Hope it helps!
@@davidviotaest Super. Thank you so much! Wish you all the best. You sound like an honest enterpreneur.
Hi David, what's the name of your prop firm?
@@yondamnretweet
Truly insightful knowledge David
Thank you!
How much historical data for backtesting is good?
I heard you mention crypto doesn't have more than 10year. range.
For forex, do I need more than 10 years? Or a year is fine?
around this time I’m more attentive! Its just inevitable that there's going to be peaks and troughs in the graph of economic growth or prosperity, there's never going to be one underlying cause that connects them all, embrace the opportunity, make interest, cashing up on dips.
Those calling stocks momentum a flunk aren't considering the long run. The companies themselves have not changed, it's the market that changed. Steady as it goes, and it'll regroup in weeks.
Embrace every economic pullbacks.
If you are not too savvy with the market, it’s the best time! just buy and hold on strong companies or best you seek out areas within sectors that can help you sustain a balance in both growth and value overtime. In certain cases, it's even wiser to speak with a smartvestor to determine options best meant for you, I personally did this, and it works pretty well.
Well andy, my question is which stocks sectors should I consider adding to my individual fidelity, I intend to hold on for a decade or more.
right now I’m being focused on renewable energy, semiconductors, Ai chips which will be hugely integral on every sectors in the coming years. an absolute power move right now.
My favourite lines from the episode, "being broke is hard, being rich is hard; being fat is hard, being fit is hard; being single is hard, being married is hard; being a trader, being a businessman is hard". Choose your hardness wisely.
The secret is trade and trade often, open a paper trading account and just trade you’ll blow up a few accounts along the journey but eventually you’ll have a profitable system.. it’s no different if you want to be a professional athlete, or a Guitar expert etc.. it takes years to achieve professional status
Which one do you recommend?
What a great conversation, especially about happiness. As an almost 50 year old woman who has had a very full life journey so far, in my experience what you say is so true. Happiness is fleeting. What we’re looking for (as humans) is joy, and joy comes from inner growth. To look back 30 years and noticed how much one can grow over the years is truly joyful. I wish we had the opportunities back when I was younger that you guys have today. You truly have the world at your fingertips & anything is possible if you’re willing to put in the effort. Great chat guys! A pleasure to listen too 😊
Great statement
0:00-1:17 Intro
1:17-4:36 David's backstory
4:36-6:04 David's trading company crypto ventures
6:04-10:54 Applying forex knowledge to the crypto markets
10:54-15:16 Managing crypto portfolios
15:16-16:54 The debate around decentralization in crypto
16:54-18:27 Who can really make a difference in the crypto market?
18:27-21:11 David's experience in the crypto space
21:11-23:59 Finding fulfillment in entrepreneurship
23:59-28:55 Finding the balance between happiness and wealth
28:55-33:36 Embracing difficulty and seeking knowledge
33:36-35:43 Bridging the gap between profit and knowledge
35:43-40:46 What is David doing currently?
40:46-45:57 Insights on prop-firms using data
45:57-49:10 The reason why David puts more effort into his prop-firm
49:10-52:26 Different prop-firm having difficulty selling brokerage data
16:59 entrepreneur characters
19:21 productivity over happiness
21:46 pain to getting what you want
24:34 choose your hard
You and Riz have the best platform for Traders on RUclips . 👌🏾
This is a great video! I’m a new day trader so this is exactly what I need to hear ❤! Thank you!
Honestly, i found out i knew more technicals than these RUclips traders but I started making progress when i understood it wasn't about technicals
Hey buddy thats the first real comments that i saw on youtube...you are a real trader …its definitely all about your psychology and risk management but I guess it doesn’t sell😅 it’s all about knowing the numbers of your strategy in a long series of trade at least 100 ,be sure to have a positive expectancy ,manage your emotions that’s the hard part because it’s an everyday job..
Its about risk management and market trend phycology
Amazing podcast. Thanks and hope to see a part two.
Such intelligent questions and answers! Thoroughly enjoyed this
Best thing you can do is stick to one ticke and papertrade for a 100 hours and watch how the market moves.
Awesome content! Thanks for doing what you do!
Love your stuff man. Appreciate you 👍
Insightful podcast❤. Pls upload on Spotify 🙏
What I've been understanding is that there is no strategy but more intuition and luck.
And most importantly, money management.
no luck, discipline, accountability, responsibility, patience
You are gravely mistaken bub
If that was true... everybody would stop backtesting. When you backtest something new you will discover that it succeeds less than you hoped for. However. There are differences between strategies. If you have the standard 1:2 risk reward as basis, you will see that some strategies can have as low success rate as 20. Others can be as high as 40 or above. So you don't have to rely solely on discretionary trading.
Personally I have moved away from the fixed risk reward. Quite seldom, but it happens, I see something that can go very far and I just let it run. The losers I cut very fast. What is for sure though. You can move away from everything that is popular and well known cliches. They don't work.
Just what I needed. Thanks! 🙏🏼 Sometimes we feel the more we learn, the more we earn. And that might be true in any other industry, but not this one.
So true. I trade a naked chart except for my own S&R lines marked out. Today I put a pivot indicator on the chart after listening to a RUclipsr say it was the bomb…omg, I couldn’t see the chart anymore 😅 basic trading works for me. Discipline and patience is the key for my profits.
@@gevans2679 Can share the video link?
his input @30:00 where he talks about the need for a simplistic strategy that you could explain to a one year old child is literally the key to trading. if you can’t simply trade, you wont succeed. it has to be the most black and white strategy. “if this happens then I will do this.” thats it….
Amazing Podcast!
You really have to study the market. That’s how you’ll become profitable. It’s part of it. That how you’ll get whatever you want.
Mastery over self is more important and more difficult. Understanding charts and markets are easy for me
Great podcast, David is a smart guy!
coming up with a win rate strategy based on traders date. utilizing the data. facts 💯
Of course it will, back testing your strategy and working on psychology, risk management, it’ll surely help, but most important psychology
This young trader is very wise. Not just for his age but for any age. I am a 48 year old trader who has failed many times before finding success and he speaks a lot of truths.
Amazing podcast
About 25:00 in is when the interview starts getting good.
Splendid review, there are a lot of traders that do not know the market they want to trade
-it is not a must to trade the forex market, or to trade only crypto, it depends on what fits your interest
-as all of them make use of technical analysis, they just have different rules and approach that you would need to learn
-but some traders prefer to trade forex, and to invest in cryptocurrency and so far it has worked for them
Investing in yourself is the best thing you can do, and as a part of investing in yourself; you should learn more about money management.
trading is 90% psychological if you dont study yourself and control your mind youll never make it in the market
Very interesting point … and never talked enough about
Not studing at all will certainly not make you a better trader...impossible to trade without knowing what is going on. De español a español, David. Gracias por la entrevista
smartest guest so far.
Great and true statements.
I’ve looked up his prop firm but unfortunately there isn’t an English specific page. Only as a translator page. Does the firm offer services outside of Spain?
El que no Sabe tiene qUE seguir Estudiando....BUSCANDO HASTA Q ENCUENTRE EL SISTEMA......
hey waqar how u doing.... i just wanted to ask u how can i get investors or companies where i can get funds
good idea nice advice
I find a lot of these young successful guys ( no shade) have just benefited from crypto bull run ? How many would even exist if crypto was not a thing I wonder.
Thanks
Liked and Subscribed ❤
There is nothing that can beat studying, study and study so that you can be approved... One day your studies will allign with your personal strategy...
Damn Right I studied Poker pot limit 4 card for 2 years ...Now I am making around 80-100$ / day
Self control and self discipline are way more important
Get educated, and learn.
So many commercials thank goodness for fast forward
I think there is a fault reverse trading the losers because I'm sure many losers are loosing not because of technicals but more because of psychology on markets.
Hey, when Luke belmar podcast coming?
Or is there any problem? Let me know.
The podcast is good but ACG is not because with the KYC method, they unilaterally decide many traders who want to be funded and PO. Many have become victims and they do not approve re-KYC even though my documents are complete and original.
bring trader geek .....to the podcast
‼
hhh wtff hes a clown
Guy is a fraud and copies other people’s work
USDT/tether is not going to end well for the crypto markets.
The guys is a mastermind, which countries are accepted in orion funded?
Good podcast, but why so many edits? It makes it feel like we are missing something (and jumpy) - just let it play out 🙂
Upon the wishes of the guest in areas he felt like he shouldn’t have disclosed certain things
Does anyone know why Fidelcrest in Cyprus ceased trading in April 2024 with zero explanation?
Bring Daniel ahikyirize
He is the most successful trader in Uganda 👋
Muvubuka oli mukuloota their are more profitable traders in uganda who are lowkey
@MFT_256 who are they, where are they, we need guidance?
can you bring ab marshal his Ethiopian trader lives in dubai very legit trader fr
Love you brother❤
even pro player on world clas championship only got 100 - 200%
It's nice to see you hiring people with disabilities.
We don't see enough epileptic video editors out there.
work on your edits bro you cut scenes very sudden its no good. It feels like it skipped because of connection or something.
I will see it❤
David, doesn't look present? 😅
i like these podcast but your not doing as many educational videos like before please so some more
👌👌👌
You value...values? 🤦🏾♂️
Dubai? Scam
The Fingers that hit sell n buy doesnt care about your strategies😂
❤
Bro can you give me your Instagram
play long game
bisenezzzzz