The Path to Becoming A Full-Time Trader - Courtney Smith
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- Опубликовано: 14 июн 2024
- In this trader interview, I sit down with Courtney Smith, a full-time trader & coach based in Dubai. This discussion is full of big takeaways and tips to help you at becoming a full-time trader.
📈 FREE Case Study "Quitting Your Job To Finally Trade Full-Time": desiretotrade.co/case-study
#forextrader #trading #tradingforex
Chapters:
0:00 Start - The secret
00:34 Introduction
0:51 Why Courtney prefers living in Hotels instead of an apartment
1:32 What has changed with Courtney's trading since the last interview
2:07 How Courtney trades Cryptocurrencies different from other assets
3:34 Deep dive at Courtney trading style and strategy
6:20 Why there are almost no books on trading fundamentals
7:16 How Courtney became the #1 performing Global Macro Hedge fund manager
8:58 How fundamental factors interlink the markets
11:03 Why technical analysis still has a place in the market
11:52 What makes successful traders different
15:11 Why traders sabotage themselves
19:33 How Courtney suggests traders find the correct system for them
24:49 Why you should stop backtesting your strategy too much
27:51 What are developing traders biggest mistakes
30:45 Courtney's top advice for traders that want to start a Hedgefund
34:20 Why Courtney stopped trading external funds
42:27 Where to find Courtney Smith
// SOCIAL
Forex Trader Community (Facebook Group): d2t.link/FBgroup
Facebook: / desiretotrade
Twitter: @desiretotrade
IG: @etiennecrete
// TRADING MUST-HAVE RESOURCES
Forex Broker (Pepperstone): d2t.link/pepperstone
Forex Broker for Canada (Axi): d2t.link/axitrader
Best Platform: d2t.link/tradingview
Backtesting Tool: d2t.link/soft4fx
VPS (for algo trading): d2t.link/vps
Trading Journal: d2t.link/journal
// MUSIC
David Cutter Music - www.davidcuttermusic.com
Andrew Applepie - andrewapplepie.com/
// ABOUT ME
My name is Etienne Crete (from Montreal, Canada). I'm a swing Forex trader and help aspiring Forex traders develop a trading method that works for them so they can produce income allowing them to live with more freedom.
I blog at www.desiretotrade.com and host the Desire To Trade Podcast. I was fed up with the “fake” millionaire traders and the “get-rich-quick-trading guys”. That's why you can expect more free content from me than what other people charge for!
If you truly want to succeed in Forex trading, I believe you need to keep working on yourself so you can improve your strengths, but also your weaknesses. Do not focus solely on what you're good at.
// Disclaimer
This video expresses my personal opinion only. Forex trading is risky. Make sure you are ready to trade. Even this will not guarantee you positive results. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action.
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Развлечения
RIP Courtney, I learned a lot from you.
"My opinion is worthless, in my opinion" probably the most profound statement I've ever heard.
Such an insightful, intuitive trader and a wonderful person to know. Rest in peace and may you enjoy eternity, Courtney.
he doest says anything usefull.
I like this guy energy. He says it like It is
I have never commented on your channel, but this episode is probably the best on the channel.
I NEED THIS GUY! He hits the nail on the head on every point he makes. He described me over and over.. it seems so simple, yet I make it so hard... almost like I want to lose money. I'm always trying to trade trend reversals.. rarely works.
Amazing interview thank you!😊
Could listen to this man all day...great stuff.
what a knowledgeable man he is.
As long as the risk is under control, any system will be profitable.
Any? Bold claim
Bless interview .. thank you 🙏
Pure Gold! Watching a lot of vids but this one it's a stand out...
I’m glad you liked that interview! 🙌
one of the best videos on trading right there .. my goodness: ..amazing guy
Great Segment Thanks 💱
Such a good interview 👏
Fantastic interview. Interesting guy
amazing points, just wanna listen to it again in a year from now:D
Great video, nice chap.
He's so right about psychology. I was not disciplined when I started, whenever I lost a trade i double the amount of my investment which was a very bad idea. I kept revenge trading and my capital was almost wiped out. And then i got devastated, so what i did was I set a target profit for a day and stick to it. Whenever i lost i kept trading the same amount and not double it. It's also important to stay away from trading when u feel drained and have multiple losses. Right now i consistently have profits because i mastered my emotions.
Need more of this guy
He is very interesting to talk to!
Love it!! Great interview.
wealth of Knowledge great
I am learning a lot from this channel 😌🙂🥳👍🏽👍🏽
“The market doesn’t pay you to be smart📝”
I like that
Ty... Massive value
Thanks
Sangat bermanfaat ilmunya
Terimakasih...
thanks
I like guy this he was dropping some gems💎💎💎
Thanks for posting!!! It was a great interview...
Hmm that's why Karen Foo said learn fundamental analysis im going to buy a book and learn it
Thank you E great interview !!
MAN KEEP THE GOOD JOB! THANKS FOR DOING THIS! YOU'RE AMAZING!
Thanks 🙌
Good video
So good, just so good. Great guest.
🔥🔥🔥
great one
So much wisdom here. love this interview!
That button story is so true. Self sabotaging...
Thank you Etienne , excellent interview, learn lot from this interview, much appreciated
Excellent interview. Thanks for sharing!
Just a quick question, why do you have them blur out there back screen?
I don't ask for that. Depends on each person's preference. Personally, I much prefer no blur.
Wow thanks
I agree with his order of priority, with Psychology being the most important and risk management being a close second, and for an accomplished trader, this definitely the most important structure, because accomplished traders have already mastered entry and exits. If you haven't managed to master this, good luck taking multiple losses in row, followed by another series of failing trades, followed by another series of losing trades and so on. Does this guy really think if he was copping these sorts of results, his psychology would be in tack? I don't think so. Begginners need to paper trade and back test, at the same time, to get their entries and exits down pat. Once you've done this successfully for at least a year, then you open a tiny account and start to manage your psychology. The risk management should already be dealt with by then, as a result of your back testing and paper trading.
Great video! A lot of valuable insight.
we are never against smart money, Just follow the market.
Great stuff! So many smart sentences.
Great interview!
"Your job isn't to be smart, it's to make money." ~Courtney Smith
Amen
Is there order flow in crypto 🤔
Amazing interview, thank you!
Best Interview I have seen for now, I really liked Courtney Smith wise trading information!
Etienne, update on you algo system? Thoughts on new regulations on algo trading.
Still going well! What regulations?
@@DesireToTRADE hopefully it just a nasty rumor but word around the campfire is algo trading may become regulated in India, and who knows where it may spread to next if this “rumor” is true.
His is truely experienced.
This was amazing, thank you.
Great interview, thanks for posting
Glad you liked it!
just......great interview......
Subscribed
Thank you 🙏
time frame , structure and discipline .....that's the formula .....nice interview
Couldn’t agree with you more🤘🏻
I agree with him on technical analysis. I always hear people say indicators don't work or you have to use different strategies for different securities. And I use the same analysis no matter if I'm trading options, forex, penny stocks, or futures. The only thing I change are time frames
Wow, thanks for this video. Very interesting and informative.
I agree with every piece of information shared in this video.
lovely interview
true sir.
so... what are the best books about psychology of trading and the one about the risk management?
Just to help out, I personally think is Mark Douglas'the disciplined trader and trading in the zone, if you havent read them read them in that order, if you read them re-read them and make sure you apply everything he says you must do.
@@neophasha9785 I didnt so I'll get to it now :) Thank you so much!
Thank you. Great content!
20:27 what does he say here? Dianjin channel? Donjin channel? Diangin channel?
Donchian channels
Thanks :) great content!
Perfect is the enemy of good❤
True 😮
If I have traded since 2017 and lost all my money, does that make me a pro trader?
no, that make you a typical trader
@@azliothman1322 ah good
Read Mark Douglas the disciplined trader, then read trading in the zone ( same author ), in that order, you'll thank me later.
Hi Etienne, great videos you got here. Guys talking about their success in trading, their past tracks and how they got here, and revealing their trade secrets which I am very appreciative of. Would it be possible that they could also include where and what brokers are they trading on so that I or we -- have a little than nothing confidence of that broker and not on brokers that just take advantage of us retailers. Thank you.
Wondering what was the value of tech stocks in the first 10-15 years of internet existance (since Courtney mentiones crypto has zero value at the start of a new technology wave)
Pure gold, very true. Risk management is the key, and you forgot to ask what he uses.
could you in a simple few words give a "system" to trade then??
50 years of trading, that's Amazing
PRICLESS INFORMATION! Took loads of tips from this! I'll be sure to read some of his books. He definitely had loads of valuable point. I hadn't heard of this guy before, well done on setting up this interview! Some of the best knowledge comes from the people we hear the least about. Why? Probably because there too busy perfecting their art. 💯👍
what are some simple rules to trade then????
Thanks for this awesome video Etienne, by the way in the second 43:15 Courtney mentions a broker for non Americans but i cant hear the name well , can you tell me which it is ? Thank you in advance :)
He didn't mention the name of the broker in our interview. You can learn more on his website.
Etienne is an excellent, humble, interviewer
COURTNEY SMITH MAKE ME SUBSCRIBE .
diamond wrds
100% on the simplicity
Is there any crypto to trade that makes money when the crypto market goes down such as a put on bito ?
24:10 !!! 💰💰💰🔥
I feel like I have found my thing, finally.
Very glad to hear!
THANKS FOR OF YOU ! AMAZING AMAZING AMAZING 🤩
Talk about a role model and someone who can keep it real decades into the game!!
This guy is brilliant - funny as well. Cracking interview.
Wow, this guy is a beast!
Picking tops and bottoms is the quickest way to go broke, in other words, don't fight the trend. Once I figured that out, I became profitable. It's simple, but incredibly difficult to do.
Is that chuck?
I want to engage trading but what amount can I start with? And what are proceedure to be a parterner?
he is so funny but what he said is really true: the reality will really slap your face welcome to the trading world LOL that's geek me . Another emotion that suits your trading strategy?
So when he say about fundamentals it is good in medium to long term but no for daytrading.On day trading you should use only technical analis.
wrong. Why not trade Tesla on the day of their earning report!
@@sonofaput dont ask me i got this cinclusion from this movie
😍🥰🥰I WOUL EASY HEAR HIM ALL DAY LONG!!! LOVE IT.!!! BUT WE NEED TO TRADE !!!
if it is so simple .........write a system right here>>>>>>
My ex coach but he does not really do day trading. One of the most intelligent man ever met.
I JUST started investing. I'm 26 and I found a job that pays enough that my bills are paid and it isn't a factory job. But MAN if I could just live near that guy who afford to have him coach me I would make way more money than I do now. I've always been given criticism that I take things too literally. So I hope that whenever I do find a good system that I actually follow the rules and just let my emotions out into my body and not into my trades!
But I would seriously consider indebting myself for the rest of my life to that man if I could learn to make money hahaha, of course those are contradictory terms.
So good.
this guy confirms that trading is the biggest headfk of a job, so much pain, so much stress, simply a psychological torture chamber, but hey the money is great