I Made $0 For 3 Years...here's What Made Me Profitable
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- Опубликовано: 24 ноя 2023
- The biggest lessons from my trading journey to become profitable
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Развлечения
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
Not because of ignorance, It's because of the high rate of unprofessionalism in the crypto market.
The crypto market has been unfavorable for months and i keep losing my money selling off during dips, i'm very scared of holding right now. how do you guys still make so much?
As a beginner investor, it's essential for you to have a mentor to keep you accountable . Myself I'm guided by Mrs Olivia Brown, a widely known crypto consultant
Crypto is a whole different ball park.
I would only invest funds in it that you are willing to lose or don't need.
In terms of day trading crypto I don't keep a eye on anything at the moment except XRP. Wouldn't be right guy for day trading crypto
That's right, you need an experienced trader to make good profits trading cryptocurrencies
I have been trying to make money online and also tried to trade with Bitcoin and I was making losses while trying to make profit myself from trading...I thought trading on demo account is just like trading in the real market.. Can anyone help me or at least advise me What should I do? This is really interesting, I'm a business woman, I have a good sum of money in my savings account, I want to invest 60%, What is the minimum amount one could start up with?
All you need as a beginner to make a good profit from cryptocurrency is a professional trader who will trade for you otherwise you may suffer losses.
That's right, you need an expert trader to make a good profit from cryptocurrency trading
This is the ideal time to invest in cryptocurrencies due to the rise in cryptocurrency prices.
How can someone know a trustworthy professional trader when a legitimate trader is so hard to find these days.
💯
this is the best trading advice ever! especially the one that don't quit uni as it will also kill your psychology untill you are profitable
Let me know the biggest takeaways you found in this video in the comments!
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work on technicals and backtest one model and see if it is profitable and fits you..
100% agree with you bro.
what a great points. 👍👍
😋🤭
Love your realness Kimmel...
Major Takeaways....
1. Technicals Technicals Technicals. They are important in the 1st years of trading
2. Each trader is different. Try different strategies "not hopping around but trying to see what fits you"
3. After you are profitable then work on You (Mindset, Psychology)
4. Have time in the markets. Give yourself time.
5. Social media deceives you...
a) prop firms work for "profitable" traders.
b) It's okay to not be ready
c) What you see online is only the successful stories. So don't quit university, don't quit your job.
----
Change your mindset. It is good to dream big but be realistic about journey❤
i think money fascination is another prob in this trading industry, it takes a lot of time to get over it
You need a strategy and style that works for you and don’t believe everything you see on social media. Also, stop jumping from strategy to strategy and just stick to one
Love the transparency bro that is indeed what's special
7:57 if anything its better to uni then masters and focus on trading in the side uni 3/4 years masters 1/2 years max 6 years, all funded (good debt) with student loan, if it doesnt work you have a solid education, if it does work you are profitable with a solid education win win
🤭 appreciate the mindset behind all this. I need to slow down. But ready to get started. 🙌🏽
Risk management and following your rules will take you far from this market
1. Beginner traders need to understand that it is going to get harder before it gets easy. They have to go through all the learning through these years.
2. Buying a prop firm challenge without knowledge or skill or profitable strategy will surely lead to you losing your challenge challenge.
3. Prop firms made it easy for those who have been through all the hardship of learning in how to trade. They made it easy for those who lack capital but have the necessary skill to be profitable.
4. Once you have a profitable strategy that you have been on it for quite some time, you can make profits on any market presented to you.
5. Stick to one strategy instead of hoping around strategies
6. Most of the time is not psychology, it's you
7. If you have not made money from the market with person capital, dont go for prop firms yet
8. You need at least 2 years of trading and being profitable to even think of quiting University or Your 9-5
9. 95% of traders lose money
10. You really need to take care of yourself first
Thank you for being real...very helpful
Great video time to copy it word to word and post it on mine. Thanks Kimmel!
Been there, done that. Wise words. Thanks for the vid.
😋🤭 technicals is the best part about strategy development. Because once you’re confident with that, it’s just a matter of time till you become confident in your skill which ultimately leads to strong psychological gains. I had a problem of executing and I’d watch my analysis play out and reach price that I anticipated. But all that’s sorted now. 🎉🎉🎉
FIRST TECHNICAL ANALYSIS THEN PSHYCHOLOGY ISSUES LIKE THINKING IN PROBABILITIES AND FEAR GREED CONTROLLED TRADES ETC .FOCUS ON ONE THING
My learnings from video is
1. Social deceive the truth
2. Technicals is the problem it's not psychology.
3. Understand what type of trader you are.
4. Focus on one thing first.
5. We have to work on mindset.
6. It's not psychology it is you.
7. Propfirms made everything better but made everything worse for new traders.
8. Never quit ur job/university for trading.
9. 95% traders loose money
10. If u want to become profitable we need to be realistic.
Been trading for 4 years now, in the beginning i was strategy hoping until I found the Godfather(ICT). SINCE then ive only focused on his material and my understanding of the market has improved drastically, the only thing thats holding me back and ive been procrastinating it for a long time until I came to a realization that it could be the only thing holding me back. Its because I do not write down(Journal) my executions or write down a trading plan, I always freestyle and just hope for the best. From now on I made a vow that I can not place trades if its not written down and followed by guidelines ive setup for the trade. Thats just one way to monitor myself and my trades. 2024 Will not be just another year but a year that I join the likes of Kimmel in the trading floor.🙏🏾
I feel like I wrote this post because this is were I'm at mentally. I just need to stick to learning more of the ICT material.
appreciate your honesty and being realistic and at the same time motivating
😋 these video is an eye opener for my trading journey thank you Kimmel
This is an honest and truthful message
Bro Gold bless you man your such a real person
Wich courses did you take regarding psychology?
I've been in for a year, I'm looking to have reached somewhere substantial by this time next year. Am I aiming too big??
The more i listened to you, the more my mindset build. 😋
Thank you
I like this kind of advice from experience traders ... thank you
which prop firm is best bro ?
If you're still struggling to be profitable work on yourself and sieve what you take from social media everybody isn't the same
First technicals, then psychology, psychology, psychology( after you've found your edge).
Prop firms are designed to make already profitable traders more profitable and sell a fantasies to struggling traders.
And profitable traders won't tell you they were once unprofitable.
And finally. It's yourself over yourself
I really like the part that a tesla is doing lambo sounds 😋
Nice video like allways, talking about the true. Strait to the point. Nothing to say u are right like allways!
i need to find low commisions no spread and i can put only 10-50$ broker can someone help me
It's technicals first.. then psychology
Are the takeaways from this video... ... Then seek funding once profitability is achieved.. trading is step by step
Wow, i thought that it was only me believing that psychological part is overhyped and technicals being ignored. I havent seen a single trader speaking on this matter...... All they do is, brush aside their technical shortcomings under the psychological part. Psychology is way too subjective and hence easy to blame for failure.
Loved your explanation. Respect bro. Wish u health and wealth. Thanks.
@blueberry3743 its not overhyped the hardest part trading is the mental gymnastics you have to overcome. sure a good plan will offset the mental load a bit but its still a struggle. I think that TA is the easiest part of trading
Thankyou sir for the advice
wooow , mind blowing video . Thank you , truth hurts but its sweat and sour at the same time. Thank you Kimmel.
I love you❤ brother i really appreciate your work ....
Your channel will rocket 🚀
Keep doing 🥰🥰
Your strategy matters, don't trust everything on social media. Stick to one strategy, avoid constant jumps.
1. It is not your psychology, it's actually your technicals, when you start your trading in the first year you should focus on your edge 70% of the time and understanding your psychology 30% and as you progress you can then work more on your psychology.
2. Understand the type of trader you are by trying different strategies(not hopping from one strategy to another) and knowing the ones that works for you.
3. Do not allow social media to deceive you because sometimes when you are not yet profitable and you take advise from successful traders to quit your job or quit your university, you may not succeed with their advice.
Thanks Kimmel for the valuable information, apart from wanting to win prop account giveaway, I really enjoy your videos✅🔥🔥
It really comes down to your skillset (technicals ) it’s very simple u need to understand how the market moves . I completely agree with Kimmel here sometimes it’s not your psychology but how good is your skill? That’s what took me to the next level . Not enough people speak on this 🙏🏽
my risk reward is negative and i'm profitable because i know when to trade or not trade.
Take away from the Video: 1. its my technical that i have to improve first and then my psychology 2. Try diffrent things to find what is for you and what not. (one Thing First). 3. After finding your strategy it is not anymore your technical, its you. 4. Your psychology is on the way ( It takes Time).
Thank you for this, you're absolutely right
Don't rush, wait patiently it will happen if you put your 💯❤
Love this! Nothing but truth!
Prop firm makes everything better for a profitable trader and makes it worse for unprofitable traders because they set unrealistic expectation to unprofitable traders.
Social media is not a yardstick to measure ones success in trading.
Brilliant! What tipe of trader u are...first things first 😊
It's time to be honest with myself. I need more time to work on technicals and realistic results. I need to stop chasing prop firm success.
Do you still have an account from FTMO prop. And how can you rate crypto option withdrawal from them?
Very unbiased, love that a lot
Social media can distort your perspective on trading, tempting you to rush a process that demands patience and time. Take it slow, stay focused on the journey.
Start by gaining knowledge and building a trading system tailored to your style. Trade it on small accounts to refine your psychology. I've followed this approach and am now seeing profitability.
thank you for opining my eyes on 🤭
the biggest take away for me from this video which is
In the beginning, It's not your psychology, it's your technicals.
you´r last word say it all, "you need to take care of yourself first before trading success becomes"! another great video, your a necessity! 😋
🤭Thanks for your sharing🤭 My takeaway from this video is technical first then psychology and always stick to one trading system 🤭
At what lot size does The Funded Trader start slipping you on a 100k account?
Prefebly indicies.
Shit..... It true man I am learning trading for 6months
i always thought it's a psychology now I think about it I have too many strategy .
I have to focus on one which is my way.
thanks man this is my biggest takeaway 🎉🎉🎉🎉🎉
Well said
how long have you been a trader?
So true.
BOSS YOU ARE ABSOLUTELY RIGHT.
Bro, i just subscribed and start following your work. I struggle to find consistency and always exit early my trades.
I failed 3 challanges and now I am on my 4th 15K fundedNext.
I NEED SOMEONE TO TEACH ME a
simple way to beat big guys.
Do you have mentorship?
yes you're true I sell on bottom and buy on top and I think that I am facing pyschological problem
Social media never shows you the losses and are bottom line selling fake dreams, focus on the journey as it takes yearsssss 🤭😋, and Kimmel I hope the light from the blooper is good now
Once you found your edge with your strategy its time you focus on your pychology with the opportunity u start to see once mastering your craft whiçh can be damning and pull u back
😋🤭Very good informations because you explain excatly how do it, and thats why i love your videos brother. It seems like a have the same past as you so i can identify me very well to your Content.
My biggest takeaway was that you need to define the technicals overall and after put it together with the psychologie. Thanks for the video man.
Great vid Kimmel, keeping it real my man
Take away from this video is that you need to work on your own strategy. Whether it's scalping or swing. You will never get a 100% accurate strategy. But you need to master your psychology and technical. And the trading is all about risk to reward ratio. No matter how good you are in trading. You can't make anything. If you are bad in your risk management. Before placing a trade. You need to follow a set of rules. And take your stoploss happily. After being wrong one time. Don fight with market over and over again.
Kimmel brother your videos have help me in so many ways men...only problem is capital and my circumstance
Kimmel's trading wisdom: Year one - 70% edge, 30% psychology. Find your strategy. Beware of social media advice. Thanks, Kimmel!
❤😊
Suppose I've been profitable on demo for 4months, I've turned a couple of unprofitable traders into profitable ones, should I quit uni to go all in with propfirms?? I've been trading for 2 years btw
No. There' s no point in quitting uni when you don't have at least 6 months of living expenses banked.
Focus on proper psychology and a profitable strategy instead of prop firm challenges. For new traders, prop firms can make everything worseexpectations....this is very true
Last week you recommended books on psychology
Informative
Bridging between profitability and greed. 1 It's not your psychology it is your technicals. 2 Strategy understand which trader are you? 3. Focus one thing razor focus will help you to understand what works 6. Mindset.
About the prop firms. 1 made everything great and also worse in some ways. 2. Prop firms made everything easier for experience trader and worse for beginners trader.
Social media section. Is very deceptive for new traders because they give wrong information and expectations. Be careful when it comes to so media. You must understand all traders lose at some point. Good luck
😋😋😋
Prop firms are actually a good way for new traders to start. They can just buy a small account for like $50 and instantly get into experiencing trading with gains and losses. This is the way to fast track learning.
Most prop firms like futures are pretty cheap whereas forex it’s expensive and the monthly subscription it’s 5x of what futures is offering 😅
I not profitable yet but still buy a challenge to test my strategy and my patients...hope i can pass my prop firm challenge soon.
would you say that it's not a technical issue if you successfully backtested it?
🤭
Good video. I think psychology becomes more important in the later stages of trading. When you have a good strategy but are still messing up
" You can't talk about your psychology if you do not have an edge"😋
I give small sl my target 1:4
I close laptop if daliy risk hit
If i got profit of 1:4 r 1:3 then i don't take nxt trade
I am unable to control my emotions just iam following my rules... That made my month green pnl
Just follow rules.... Strictly
This is probably the realest trading video i’ve watched
" Focus on one thing first on your first year of trading and trade the way you want"😋
bro do you have a lambo yet? just curious 😅
You are a very honest man, i guess
it's true bro
⚠️My Takeaways:
⭕Psychology might not be the reason you're not profitable. It could be your technical trading skills so improve your strategy.
⭕Focus on 1 strategy and keep improving on it. This will take time.
⭕Once you have a strategy nailed down then work on your mindset/psychology.
⭕Only do prop firms once you've mastered BOTH your psychology and your strategy.
⭕Don't believe everything you see online. People only post their success.
I liked the phrase "have dreams but be realistic". Very grounded video on managing expectations. Good video bro
smaller timeframe is very difficult don't trade lower timeframe guys.
"Trading is not a get rich quick scheme. When you come into the space come with realistic goals and expectations."😋
" Social media deceives you. The stories that you see online are the success stories"😋
Exactly. It's not psychology.
Lessons I gain from this
1. In the beginning, It's not your psychology, it's your technicals.
2. Learning so many strategy in your earlier year could help you in the long run
3. Profitability is not your skill after a certain point, it's you.
4. Give yourself time!! Don't beat yourself up. Learn and learn and give it time.
5. Ignore the noise on social media. Focus! And you should know the stage you're before thinking of prop firm
6. Don't compare your year 1 or 2 to your mentors. Your situation and circumstances are not the same.
Have dreams and be realistic. Thanks for the usual.
😋
Psychology is King!
😋next week I'm going to buy my 1st challange but after watching this video I'm going to use that money to make some before buying challenge 🤭 thanks 🙏
So very true!
Most of the time it's not your Psychology it's you, That really hit.
Telling it like it is!!❤
Give Kimmel his flowers 🥀
He talks INDUSTRY and that's rare these days.
Nice video Man 😋
Thank you!