This is my best attempt at trying to convey my ideas about quite a complex and abstract concept in a way that would be understandable to everyone. Hopefully you noticed the $800 upgrade in the microphone quality, because that's a lot of money! Want to use a trading/prop firm? I only support TradeDay, because they have the best evaluations in the entire industry. Keep 100% of the first 10k you make and then 90% after that: members.tradeday.com/?aff=iman - 20% off any account using code: ImanTrading20 Using my link and code supports me at no extra cost to you, so thank you.
I keep "hedging" myself where both just go red , but the bots i set up do oke ,this is all paper trading because i can't imagine doing it with my own , then emotions again it's really why I stayed unexpectedly fascinated its so different like you say But also the same I don't function because society is also made up of those people that make up the market I do oke when i Enter trades on macro influences,and with bots it's also broader ,it's oke when you know what the market is doing and some details about whatever pair you put in , but the live trading is really confronting me with myself 😂
I love your content, please please please make a video about point and figure charting! One of my best friends wrote a bunch of books about it and it changes lives. It cuts out all the market noise. You’d be the perfect channel to explain it.
Hi Iman. Thank you for your sincere teachings,, I’d like you to talk about your views on synthetics… the likes of Boom and Crash , volatility etc.. I’ll be waiting for your response kindly. Oh am Dorcas one of your students.
I want to send you a compliment. I have been fairly successful trading and have discovered from Trading in the Zone that I am a Boom and Buster watching your videos was the next step in my evolution to understanding what it is to be a professional trader I have tested and back tested indicators and returned to the indicators i used when i started trading as a fun hobby 2 years ago. I realized that the best indicators are about 60% -70% accurate, if applied systematically. So it makes little difference what a person uses, I also realized that i was the next part of the strategy that needed fixing. You opened my mind to search for ways to improve myself as a trader, I bought Trading in the Zone about a year ago and promptly put that on the bookshelf, “that isn’t my problem, i need to know which indicator to use” i thought. I was wrong. Now i am getting right. Thank you for what you do here. Don’t concern yourself with those who troll your site. They are not in the proper place of their development to understanding what you are teaching. Thank you again!!
This is awesome. I had a similar revalation at one point: failing consistently must be better than constant breakevens - I just need to figure out what makes most of my entries wrong and reverse what I am doing. This eventually lead me to found my edge.
Great stuff Iman! Solid info, and it's really true that we sometimes rationalize about the market even though our ideas are simply based on hunches we've developed without any evidence that the market moves like that. I've slowly learned to accept that the market can do WHATEVER it wants, and all I can do is manage my risk. Boss production value by the way!
I started a "lose all" challenge on demo just like you suggested. My only rule is to have constant R:R otherwise it would be too easy. Anyway it is indeed a very interesting experience. I am pretty much trying to reproduce my "it will reverse exactly here" trades that always cost so much stress and are completely pointless. So far I consistently get bashed by the market by doing things that I have done so many times hoping to earn money... Don't know yet - but I have a feeling that this exercise might be very important for my trading "career". Thanks man!
@@Frugaltinkerquite interesting actually. i still do it once a while - especially when I'm on a losing streak I stop and open demo and try to lose again and again. this habit helped me to fight fomo/revenge trading impulses, because instead of doing impulsive trading I play my little losing game :). and basically it drew my attention towards psychology of trading which I still perceive as my biggest weakness on the market. I think that all people pursuing profitability should work more on this aspect than on moving averages and candlestick patterns. I could give lectures on these, but I'm still inconsistent because of psychological weaknesses. cheers
Quote: "They work so oppositely to what we're trying to achieve that we manage to get non-random results of consistent unprofitability, isn't that kinda crazy ...." :) Love it! And yes, maybe we should switch the buy and sell button ;)
Your articulation on the whole subject of reality perception, and how it creates our flaws/bias when thinking about the market was spectacular. I'd recommend to anyone reading at least some of 'thinking fast and slow'.
Thanks for sharing. I am still on my journey of trading futures. I am learning to some spot on entry techniques and targets, which is helping. Still combating fomo, but much better. I hope your trading is going well!
Man, your counsellor degree, if that's what it's called, I don't know.. was sooo important to what you do now... you are single handedly giving me so much joy and conciliation as to where I'm at right now! Thank you, just for being you 🙏💙😎
Thanks for this video today. I've been trading on Ninja Trader simulator for about 6 weeks now. I'm "loosing' thousands every 2 weeks and starting again. I just can't seem to make a profit. This has given me new light to keep trying. The tip "try loosing a trade" is a good one. If you have any more like this, that would be much appreciated.
1. Are you using brackets and not allowing your losses to run because you think if you give it more and more space they will come back or are allowing a loss to define who you are as a trader (ie. “If I take a loss I am a loser so this trade has to work”)? 2. Are you managing risk? Remember, 95% of trading profitably consistently is literally risk management… it’s utterly simple: never lose more than 2% of your account equity on any trade. A 2% loss can be recovered from in one or two good trades (usually you can recover from it in a fraction of one good trade depending on your risk:reward (R:R ratio)), but a larger loss begins to parabolically degrade your ability to recover - the larger the loss, the worse your ability to recover from it. 3. Are you relying solely on indicators to judge what you should do on a trade (long vs short/when to enter)? Remember that all chart patterns and indicators are based on historical information and have zero actual predictive value… however, supply and demand, support and resistance are baked into the market… you can use them to heighten your probability of success… learn a bit about how supply and demand works and never see some historical thing for the holy grail of your decisions. This video basically highlights this point - the market isn’t rational, it is a phenomenon, with enough subtle consistencies that one can exploit to trade profitably. 4. Are you remembering to look at multiple pictures and analyzing the big picture affecting the odds of the little picture? Always analyze multiple time frames on your charts going back in time, day chart, 15 minute chart, 5 minute chart. Look for strength or weakness while watching the market. If you don’t have a confident idea about what might be happening, don’t take a trade… if you feel pretty sure something is about to happen, take a trade but do it carefully remembering to not spaz out because taking a trade implies making or losing money…. Forget about your P/L and what that money could potentially buy you in reality, and play it like a strategy video game you’re trying to get better at. 5. Combine multiple uncertain factors that point towards a conclusion, then justify taking risk on capital with those conclusions in mind, while remembering why you took the trade in the first place… the asset will do whatever it wants to regardless of your indicators, most news, and charts, however, when these factors point towards a certain conclusion, the probability of that conclusion rises, and if you trade that rise in probability, you can skew the randomness in your favor so long as you rigorously manage risk. 6. Keep emotions for your girlfriend. A loss is nothing. A profit is nothing. All numbers on a screen. A virtual game. Try hard enough and the universe will make it certain you will suck at it. Try less, pay attention, live a healthy lifestyle, have other things going on, and the universe will give you what you want. As soon as you begin to believe that you must understand the market, your brain begins to go down a rabbit hole of analysis and it becomes so twisted after many days of doing it that you will take trades you’d otherwise gasp at. Always zoom out. Do your research on “the current times” - if we are in a bear market that doesn’t mean news is good or bad, it just means we are in a bear market and most days are likely to end lower than where they started, meaning, you should keep that in mind when you take a trade towards the long side because some indicator said something… there is a probability of weakness towards the upside, and strength towards downside… in a bull market the opposite is true, the trend up is likely to continue until it eventually encounters trouble and goes down… you should understand the “times” but even this is extra - just remember, the market has some rhythm to it… we can see it obviously because if it were to be truly random we would never touch it… it has some rhythm to it… become that rhythm… be one with the rhythm… and don’t think you know the rhythm’s next move, just know that there are sometimes higher probabilities of things happening than other things your #1 job is to learn discipline and risk management, your #2 job is to pick away at those rhythms to try to turn the odds in your favor, after all, the worst thing that can happen is you will simply break even after 100 trades, but you MUST manage risk if you wish to have even a fighting chance. If you allow your losses to be larger than your profits, or you allow more losses than profits in number of trades, then you will consistently lose… simply manage risk (look up how, IMan has some videos on this too) and pick away at the rhythm of the asset you trade. Stick to one asset. Watch it every day. Consider why it is behaving the way it is without trying to explain every candle, but guesstimate why it might be strong, weak, sideways… what are market participants thinking, are they greedy, are they fearful, how might all of that affect your asset of choice? Is it a turbulent time? Is it a calm and plentiful time? How are you feeling? Do you have dollar signs instead of eyes? Should you even trade this day? Should you take a long against the obvious downtrend or wait for a pullback to short it if it’s not ridiculous and congruent with the expectations of the times? And so on… just don’t try too hard… it’s like a sport, if you get infatuated with forcing some outcome you will doom yourself to rigidity and both sport and trading require agility, fluidity, constant self assessment and evolution day to day. Every single day is unique. That is the most difficult aspect of trading profitably consistently… you never actually truly learn “how to do it”… that formula is literally changing every second of every day for as long as you trade, but as soon as you’ve realized the market has that rhythm and your intuition picks up on it, you will be able to trade profitably day after day but the spiritual/emotional/physical aspect of it is the other 50% of the bargain, the rest is math you can do on a napkin (risk management).
Haha I am worried to try to intentionally lose trades because I am so sure that would be my most successful week so far.. thanks for all the advice, currently trying to learn how to trade, your information and experience is very much appreciated!!
really loved that exerpt from tom hougaard and really love this video as well!! the fact that so many traders are consistently unprofitable is undeniable proof that we all have the potential to be consistently profitable, we just need to do the opposite of what we instinctively want to do. our basic survival instincts / psychology help us thrive in the real world, but they definitely seem to do the opposite in the trading world lol. being aware of this and training our trader psychology is crucial to achieving profitability, and i think your content is super valuable in tackling these mental hurdles! 🙂
Hello iman i talked with somebody earlier who calmed to be a profitable trader using an Expert Advisor (EA) and i was wondering what your thoughts are about EA’s and if you have any type experiences using it yourself. It would be awesome if you want to make a video on the topic
so if go up go up if go down go down if go consolidate go trade within consolidation. expect what has been happening to continue to happen at all times?
My trading account changed when i stoped holding bad positions, and started holding good positions. That is it. Only holding bad position can make significant change in account, or making many bad decisions one by one. Isaac newton, famous alchemist and financial guru, once said “I can calculate the movement of stars, but not the madness of men". After so many years of trading, I am constantly amazed at how volatile the market is.
I'm just new and I've been looking for free lessons online about trading and started doing crypto. I developed a style similar as your super scalping, It's not yet profitable and was about to give up and then I found your channel. I thought the style I developed wasn't really a style and just trading blindly like a newbie. Now it makes more sense. I hope we find our edge soon thanks.
Tips for more views and watch retention is to make your videos high quality and eye catching. Make cheeky animations and eye catching colour's. Don't hold a frame for too long, when voicing use a series of clips to convoy what you're talking about, like example if you're talking about prise going up then crashing suddenly, you could use a clip of cat failing a jump overplayed by a market going up and falling with the cat. Ummm yeah that's as much as i can type sleepy as hell, also don't look at my channel it's still a work in progress i just started on it a few days or week/s ago
Our neuroplasticity opportunity, the brain's ability to modify, change, and adapt both structure and function in response to experience. Great material, with supa dupa delivery, Thx Iman!
My brother, I'm still learning how to trade and gearing up to use prop firms (thinking Tradovate sim for a while, thoughts on this?) but you can bet your ass I'll use your code when I do sign up. I love your transparent delivery style, it's honestly super appreciated. Keep up the great content!
Thank you for putting all of this into perspective. im slowly learning that if a stocks going up (like NVDA) theres no sense in trying to just assume its time to buy puts. its been up 100s of dollars and shows no signs of stopping.
Bro can you make a video over Al brooks methodology? he uses pure price i have been reading his books but people usually says he is a scam on reviews while traders like Tom Hougard thinks otherwise.
1:00 yeah i read somewhere we can rationalize the market in any ways, but it doesn't make the market rational. Maybe the algo built by scientists with Phds in Maths, Finance at Renaissance can, but certainly not me with my Japanese candlestick cheatsheet
This is because even though the market has no boundaries a trader’s account has one. You will always get to a point of breakeven if your account balance is infinite. That is an edge the market has over a trader. So a trader has to create his own boundaries based on his account balance.
Best loser wins was also an absolute mind changer for me - you just gotta do the opposite of everyone else is doing and u will be profitable hahaha - as always great content love it
Been wondering, unlike crypto, which is hit or miss with even my tax lady knowing what the answer is. This stuff is all pretty easy on taxes right? They just send you a form thats been around for 50 years right? Filled out with your info?
I wish i could meet you to thank you in person... You helped me figure out what the big F was going on with me and my trading after 2.5 years of trying, and failing... I'd love to have a chat. If ur up for it reply 🙏 huge blessings bro, thank you from the deepest gratitude
that's why I am studying order flow. The footprint, dom, delta, volume profile, so many things only available in lv2 data and order flow stops me from doing subjective dumb things as harsh as possible.
The best ways to practice blowing up accounts on a simulator, ways that mimic what traders often do: 1. Keep drastically increasing your position size when in a losing position, while starting your trade with a reasonably sized position. Or 2. Start all your trades at position sizes which are way beyond reasonable.
Random walks can display trends and other apparent patterns even though there is absolutely nothing more than coin flips/Brownian motion going on. That does not mean that the markets are random.
Hey bro i am your big fan. I really like your videos. I am an beginner trader but i have gained so much knowledge about trading, I also do follow Tom Hougaard and read his book. I am 18 and I am following u from a month i practiced various concepts like demand and supply ,S&R and other stuff. I had some questions and I know you will give me ans. I eventually find out about Binary Options trading (Scary sound). The straight and simple mechanics , after speculating for 2-3 days I think it is more predictable than stocks and also very risky. So what u think abt Binary Options trading??Should we take higher risks for higher profits or not?? Edit I got it I got scammed I forgot that i am dumb and knows nothing about trading basics. Again Binary Trading is scam
I have deleted every indicator, only been trading gold on the 5m, and all I say is "looks like price is gonna go there" and have had a consistently rising equity curve for 3 weeks straight now. No static RR, just having ideas about price and monitoring how I'm thinking. Never been more simple, never been more profitable. Wtf
Hi. That is interesting but, how (based on what) do you exit trades? When in green or in red (the P&L) are you able to do the exact same ("optimal") analysis on where and when to exit?
@@antoniomachado8782 I just look at where price has already been to determine target and stop. If we are coming from a low, and I see a strong downwards candle, I wait for a close and enter. My stop is usually somewhere above previous high wick. Once you watch price of any asset long enough there's no real need for "analysis" other than just: "yeah this looks like a high probability setup"
@@antoniomachado8782 I'm facing a problem right now where I need to train my mind to let my trades run. I find myself closing out early out of fear losing profits. Over the last month over 60% of my positions would've run another .5-1R. This is my own brain causing fear and almost.. in shock that I'm able to generate profit consistently now. Funny thing trading is
@@CardeBlanche i tried trading 2 years ago, got overwhelmed because nothing worked using indicators and stuff, found iman's channel and tried paper trading 2 weeks ago, last week was meh, but this week was great, i had setbacks but I'm starting to realise how the market moves, i never thought i would have profitable days in a row, i thought of trading as a scam thanks to all the other youtubers pushing the narrative that you need indicators and stuff and you can "only" succeed when you buy their course Anyways, hope you stay on track and make a good living with your trading 🙂
@@Decton Amazing to hear my friend. Very similar journey. Take heart in the fact that because you haven't quit you're already ahead of 70% of other traders. We will all have drawdowns, but when the drawdowns are because they're expected in your system and not due to mistakes, you're doing VERY well.
I am very new to trading and im still just trying to learn the basics like is it better to buy market , buy ask or buy bid. Edit: I understand you may not do this as it would benefit you no way but i would love to see a video where you cover all the basic terminology and such because im an idiot and the google definitions are just not giving me a good enough understanding. Trading so far has been very intimidating and i feel like a cave man learning how to use a computer but someday i hope to be able to wrap my head around it so i can become consistently profitable.
yo iman do you think its possible to be consistenly profitable off of just entering and selling off of only intuition? planning your entries and exits on the spot
Trading is made to play with human intuition and failures, I don't recommend ever to trade based on intuition, always prepare a plan if you don't want to lose your money in the long term.
Bro I always followed my risk management, money management and i had also followed my rules but every time I do my analysis market does not move according to my analysis what should i do please tell me
I watched a bunch of your videos and now everything I have ever watched on trading, indicators, thought process it's just all bull!@#$!! I've know this about indictors for a little bit, but something seems to have finally clicked. My whole idea and process on trading is falling apart and bursting in fire, and all I can do is smile. I tried doing some method of super scalping on TQQQ I made a total of 92 trades during the day, only got stopped out a few times, but all of them where from me just being flat out wrong. Was sad when the day was over because for the first time in a while I was having FUN!
I needed to see this. Thank you to you, to the universe, to cat clips that tempered my emotions while my unmedicated adult adhd absorbed the info. Thank you for helping me to forgive my determinationnto short ath after ath after ath after ath after ath after ath after ath....
the thing is that everyone that starts trading always thinks about mean reversion and how it might be the easiest approach while it's the worst one for the majority of people :)
If price is going up, im buying if price is going down, im selling. I dont give a flying squirrel fart what the FED says or who tweeted about ABC stock. i look at WHAT is happening, not so much the REASON. the reason is, i dunno. dont care... whats my P&L look like? THAT matters more...
By doing that, have you been able to yield better results, with some degree of consistency? What if price enters in a ranging environment and, when it looks it is going up, falls, and vice-versa?..
@@antoniomachado8782 same can be said for ranging there are times just like fishing when there re better times to fish (trade trends) than not. its more about probabilities. is it a guarantee that if the market is open it will trend up or down? no. its just MORE LIKELY that it will. just as it is MORE LIKELY to rang outside of market hours. all you can do is go by whats happening. ATR like he says is a good tool if you put it on a 1 hr chart you'll see it just rise and fall and its about in the same place for whatever market is. but there are some hidden gems out there. like more times than not price will either close above or below its open price. i was told within that truth theres a pot of gold...
@@antoniomachado8782 then dont trade those ranges, if you dont feel like you could make a great trade, dont trade, wait for a better time, the market wont go, it will always be there, waiting 🙂
Had to relisten to what you said every time the monkeys showed up because my simple mind couldn't stop thinking about what they were possibly thinking about.
Its not the same but similar (its much easier to lose money than earn it) especially in options The market is very efficient until its not (people doing lottos want to find the not which does happen but more likely wont) therefore the secret to consistency is to use the efficiency of the market to profit long term (this is why Index Funds beat 90% of investors long term) Unless your strategy relies on finding inefficiencies in the market but most people aren’t doing that 😂 (and if you are you risk 10% not 100% like wsb)
This is my best attempt at trying to convey my ideas about quite a complex and abstract concept in a way that would be understandable to everyone.
Hopefully you noticed the $800 upgrade in the microphone quality, because that's a lot of money! Want to use a trading/prop firm? I only support TradeDay, because they have the best evaluations in the entire industry. Keep 100% of the first 10k you make and then 90% after that: members.tradeday.com/?aff=iman - 20% off any account using code: ImanTrading20
Using my link and code supports me at no extra cost to you, so thank you.
I keep "hedging" myself where both just go red , but the bots i set up do oke ,this is all paper trading because i can't imagine doing it with my own , then emotions again it's really why I stayed unexpectedly fascinated its so different like you say
But also the same
I don't function because society is also made up of those people that make up the market
I do oke when i Enter trades on macro influences,and with bots it's also broader ,it's oke when you know what the market is doing and some details about whatever pair you put in , but the live trading is really confronting me with myself 😂
I love your content, please please please make a video about point and figure charting! One of my best friends wrote a bunch of books about it and it changes lives. It cuts out all the market noise. You’d be the perfect channel to explain it.
Hi Iman. Thank you for your sincere teachings,, I’d like you to talk about your views on synthetics… the likes of Boom and Crash , volatility etc..
I’ll be waiting for your response kindly. Oh am Dorcas one of your students.
After binge watching your content for 3 days straight I’ve come to the conclusion that your entire channel is a free course.
Currently doing the same !
I make up about 1000 views for each video I rewatch them and keep learning more and more
@@Demontaem Impressive
Might as well maintain a journal@@Demontaem
Hilarious you say that bro I was just thinking that
I want to send you a compliment. I have been fairly successful trading and have discovered from Trading in the Zone that I am a Boom and Buster watching your videos was the next step in my evolution to understanding what it is to be a professional trader I have tested and back tested indicators and returned to the indicators i used when i started trading as a fun hobby 2 years ago. I realized that the best indicators are about 60% -70% accurate, if applied systematically. So it makes little difference what a person uses, I also realized that i was the next part of the strategy that needed fixing. You opened my mind to search for ways to improve myself as a trader, I bought Trading in the Zone about a year ago and promptly put that on the bookshelf, “that isn’t my problem, i need to know which indicator to use” i thought. I was wrong. Now i am getting right. Thank you for what you do here. Don’t concern yourself with those who troll your site. They are not in the proper place of their development to understanding what you are teaching. Thank you again!!
What indicators are 60-70% accurate?
@@robbarrellbuy and sell indicator 😂
This is awesome. I had a similar revalation at one point: failing consistently must be better than constant breakevens - I just need to figure out what makes most of my entries wrong and reverse what I am doing. This eventually lead me to found my edge.
Are you really saying this or are you forced to? I get it, you want money. But there are better ways trust me.
Great stuff Iman! Solid info, and it's really true that we sometimes rationalize about the market even though our ideas are simply based on hunches we've developed without any evidence that the market moves like that. I've slowly learned to accept that the market can do WHATEVER it wants, and all I can do is manage my risk.
Boss production value by the way!
I started a "lose all" challenge on demo just like you suggested. My only rule is to have constant R:R otherwise it would be too easy. Anyway it is indeed a very interesting experience. I am pretty much trying to reproduce my "it will reverse exactly here" trades that always cost so much stress and are completely pointless. So far I consistently get bashed by the market by doing things that I have done so many times hoping to earn money... Don't know yet - but I have a feeling that this exercise might be very important for my trading "career". Thanks man!
how's it going?
@@Frugaltinkerquite interesting actually. i still do it once a while - especially when I'm on a losing streak I stop and open demo and try to lose again and again. this habit helped me to fight fomo/revenge trading impulses, because instead of doing impulsive trading I play my little losing game :). and basically it drew my attention towards psychology of trading which I still perceive as my biggest weakness on the market. I think that all people pursuing profitability should work more on this aspect than on moving averages and candlestick patterns. I could give lectures on these, but I'm still inconsistent because of psychological weaknesses. cheers
I enjoy the humor 😂. Keep the videos coming brother.
just discovered you and wow you have a way at breaking down psychology and all this market stuff that nobody on youtube has been able to do for me
I always enjoy your philosophy/psychology videos. I'd even go so far as to say that are among my favorite of all YT. Thanks.
Mee Too
Quote: "They work so oppositely to what we're trying to achieve that we manage to get non-random results of consistent unprofitability, isn't that kinda crazy ...." :)
Love it! And yes, maybe we should switch the buy and sell button ;)
No, just flip the risk to reward ratios.
Your articulation on the whole subject of reality perception, and how it creates our flaws/bias when thinking about the market was spectacular. I'd recommend to anyone reading at least some of 'thinking fast and slow'.
Trading Psychology 90% = Buy & Sell 10%
+edge
I like listening to your thinking and your journey! ❤
you alone have given me hope again and have renewed a sense of discipline & dedication to this journey. Also microphone sexc
Because of you i am now profitable trader. Lot's of 💕
Someone entertain and trading focused. This is great! Love it.
Thanks for sharing. I am still on my journey of trading futures. I am learning to some spot on entry techniques and targets, which is helping. Still combating fomo, but much better. I hope your trading is going well!
this channel is gold.
This is a fantastic vid ...you have great perspective and make the psych stuff fun ...gratitude.
Man, your counsellor degree, if that's what it's called, I don't know.. was sooo important to what you do now... you are single handedly giving me so much joy and conciliation as to where I'm at right now!
Thank you, just for being you 🙏💙😎
Thanks for this video today. I've been trading on Ninja Trader simulator for about 6 weeks now. I'm "loosing' thousands every 2 weeks and starting again. I just can't seem to make a profit. This has given me new light to keep trying. The tip "try loosing a trade" is a good one. If you have any more like this, that would be much appreciated.
1. Are you using brackets and not allowing your losses to run because you think if you give it more and more space they will come back or are allowing a loss to define who you are as a trader (ie. “If I take a loss I am a loser so this trade has to work”)?
2. Are you managing risk? Remember, 95% of trading profitably consistently is literally risk management… it’s utterly simple: never lose more than 2% of your account equity on any trade. A 2% loss can be recovered from in one or two good trades (usually you can recover from it in a fraction of one good trade depending on your risk:reward (R:R ratio)), but a larger loss begins to parabolically degrade your ability to recover - the larger the loss, the worse your ability to recover from it.
3. Are you relying solely on indicators to judge what you should do on a trade (long vs short/when to enter)? Remember that all chart patterns and indicators are based on historical information and have zero actual predictive value… however, supply and demand, support and resistance are baked into the market… you can use them to heighten your probability of success… learn a bit about how supply and demand works and never see some historical thing for the holy grail of your decisions. This video basically highlights this point - the market isn’t rational, it is a phenomenon, with enough subtle consistencies that one can exploit to trade profitably.
4. Are you remembering to look at multiple pictures and analyzing the big picture affecting the odds of the little picture? Always analyze multiple time frames on your charts going back in time, day chart, 15 minute chart, 5 minute chart. Look for strength or weakness while watching the market. If you don’t have a confident idea about what might be happening, don’t take a trade… if you feel pretty sure something is about to happen, take a trade but do it carefully remembering to not spaz out because taking a trade implies making or losing money…. Forget about your P/L and what that money could potentially buy you in reality, and play it like a strategy video game you’re trying to get better at.
5. Combine multiple uncertain factors that point towards a conclusion, then justify taking risk on capital with those conclusions in mind, while remembering why you took the trade in the first place… the asset will do whatever it wants to regardless of your indicators, most news, and charts, however, when these factors point towards a certain conclusion, the probability of that conclusion rises, and if you trade that rise in probability, you can skew the randomness in your favor so long as you rigorously manage risk.
6. Keep emotions for your girlfriend. A loss is nothing. A profit is nothing. All numbers on a screen. A virtual game. Try hard enough and the universe will make it certain you will suck at it. Try less, pay attention, live a healthy lifestyle, have other things going on, and the universe will give you what you want.
As soon as you begin to believe that you must understand the market, your brain begins to go down a rabbit hole of analysis and it becomes so twisted after many days of doing it that you will take trades you’d otherwise gasp at. Always zoom out. Do your research on “the current times” - if we are in a bear market that doesn’t mean news is good or bad, it just means we are in a bear market and most days are likely to end lower than where they started, meaning, you should keep that in mind when you take a trade towards the long side because some indicator said something… there is a probability of weakness towards the upside, and strength towards downside… in a bull market the opposite is true, the trend up is likely to continue until it eventually encounters trouble and goes down… you should understand the “times” but even this is extra - just remember, the market has some rhythm to it… we can see it obviously because if it were to be truly random we would never touch it… it has some rhythm to it… become that rhythm… be one with the rhythm… and don’t think you know the rhythm’s next move, just know that there are sometimes higher probabilities of things happening than other things your #1 job is to learn discipline and risk management, your #2 job is to pick away at those rhythms to try to turn the odds in your favor, after all, the worst thing that can happen is you will simply break even after 100 trades, but you MUST manage risk if you wish to have even a fighting chance. If you allow your losses to be larger than your profits, or you allow more losses than profits in number of trades, then you will consistently lose… simply manage risk (look up how, IMan has some videos on this too) and pick away at the rhythm of the asset you trade.
Stick to one asset. Watch it every day. Consider why it is behaving the way it is without trying to explain every candle, but guesstimate why it might be strong, weak, sideways… what are market participants thinking, are they greedy, are they fearful, how might all of that affect your asset of choice? Is it a turbulent time? Is it a calm and plentiful time? How are you feeling? Do you have dollar signs instead of eyes? Should you even trade this day? Should you take a long against the obvious downtrend or wait for a pullback to short it if it’s not ridiculous and congruent with the expectations of the times?
And so on… just don’t try too hard… it’s like a sport, if you get infatuated with forcing some outcome you will doom yourself to rigidity and both sport and trading require agility, fluidity, constant self assessment and evolution day to day. Every single day is unique. That is the most difficult aspect of trading profitably consistently… you never actually truly learn “how to do it”… that formula is literally changing every second of every day for as long as you trade, but as soon as you’ve realized the market has that rhythm and your intuition picks up on it, you will be able to trade profitably day after day but the spiritual/emotional/physical aspect of it is the other 50% of the bargain, the rest is math you can do on a napkin (risk management).
@@poloska9471 thanks !
Please keep making videos like this they are very helpful 🙏
Haha I am worried to try to intentionally lose trades because I am so sure that would be my most successful week so far.. thanks for all the advice, currently trying to learn how to trade, your information and experience is very much appreciated!!
really loved that exerpt from tom hougaard and really love this video as well!! the fact that so many traders are consistently unprofitable is undeniable proof that we all have the potential to be consistently profitable, we just need to do the opposite of what we instinctively want to do. our basic survival instincts / psychology help us thrive in the real world, but they definitely seem to do the opposite in the trading world lol. being aware of this and training our trader psychology is crucial to achieving profitability, and i think your content is super valuable in tackling these mental hurdles! 🙂
Mark Douglas and all the other psychology trading analysts would be proud of you bro, you've really changed my psychology over the past few months
Man i love your content but I love your sense of humour more…I can see you doing really well with life related content too besides trading x
I would have for real hired him as my therapist
Hey- for your tradeday discount is it lifetime or just the first month? Thanks for all you do.
Hello iman i talked with somebody earlier who calmed to be a profitable trader using an Expert Advisor (EA) and i was wondering what your thoughts are about EA’s and if you have any type experiences using it yourself. It would be awesome if you want to make a video on the topic
Wake up, Iman Trading dropped a new video
so if go up go up if go down go down if go consolidate go trade within consolidation. expect what has been happening to continue to happen at all times?
My trading account changed when i stoped holding bad positions, and started holding good positions. That is it. Only holding bad position can make significant change in account, or making many bad decisions one by one. Isaac newton, famous alchemist and financial guru, once said “I can calculate the movement of stars, but not the madness of men". After so many years of trading, I am constantly amazed at how volatile the market is.
I'm just new and I've been looking for free lessons online about trading and started doing crypto. I developed a style similar as your super scalping, It's not yet profitable and was about to give up and then I found your channel. I thought the style I developed wasn't really a style and just trading blindly like a newbie. Now it makes more sense. I hope we find our edge soon thanks.
I just wanted to come back and tell you . This video made me understand God. I swear. Amen.
Tips for more views and watch retention is to make your videos high quality and eye catching.
Make cheeky animations and eye catching colour's. Don't hold a frame for too long, when voicing use a series of clips to convoy what you're talking about, like example if you're talking about prise going up then crashing suddenly, you could use a clip of cat failing a jump overplayed by a market going up and falling with the cat. Ummm yeah that's as much as i can type sleepy as hell, also don't look at my channel it's still a work in progress i just started on it a few days or week/s ago
Thank you Iman
What's your percentage gain so far in 2023?
Our neuroplasticity opportunity, the brain's ability to modify, change, and adapt both structure and function in response to experience. Great material, with supa dupa delivery, Thx Iman!
The animals did help me keep watching
Good haha
awesome video!!
My brother, I'm still learning how to trade and gearing up to use prop firms (thinking Tradovate sim for a while, thoughts on this?) but you can bet your ass I'll use your code when I do sign up.
I love your transparent delivery style, it's honestly super appreciated. Keep up the great content!
Thank you for putting all of this into perspective. im slowly learning that if a stocks going up (like NVDA) theres no sense in trying to just assume its time to buy puts. its been up 100s of dollars and shows no signs of stopping.
You have humor i like it
QUESTION: what is your longest green streak?
I like your rapid fire style. It fits my personality type.
Great point 👍
Bro can you make a video over Al brooks methodology? he uses pure price i have been reading his books but people usually says he is a scam on reviews while traders like Tom Hougard thinks otherwise.
Im a big fan of Tom Hougaard, his book really elevated my trading, one of the best trading books out there especially on psychology
Great video I ever had
I enjoy your videos as an aspiring trader. Refreshing perspective. Thank you for what you do. You seem like a nice guy.
1:00 yeah i read somewhere we can rationalize the market in any ways, but it doesn't make the market rational. Maybe the algo built by scientists with Phds in Maths, Finance at Renaissance can, but certainly not me with my Japanese candlestick cheatsheet
This is because even though the market has no boundaries a trader’s account has one. You will always get to a point of breakeven if your account balance is infinite. That is an edge the market has over a trader. So a trader has to create his own boundaries based on his account balance.
Best loser wins was also an absolute mind changer for me - you just gotta do the opposite of everyone else is doing and u will be profitable hahaha - as always great content love it
Been wondering, unlike crypto, which is hit or miss with even my tax lady knowing what the answer is.
This stuff is all pretty easy on taxes right? They just send you a form thats been around for 50 years right? Filled out with your info?
For futures yeah, it’s just one form at the end showing the profit or loss
I wish i could meet you to thank you in person... You helped me figure out what the big F was going on with me and my trading after 2.5 years of trying, and failing... I'd love to have a chat. If ur up for it reply 🙏 huge blessings bro, thank you from the deepest gratitude
This is a philosophical masterpiece at this point, fabulous. 🥳🥳🥳
that's why I am studying order flow. The footprint, dom, delta, volume profile, so many things only available in lv2 data and order flow stops me from doing subjective dumb things as harsh as possible.
5:40 THIS -- i've thought about that soooo much LOL
we think what we want to think, bc that’s what makes sense ,
0:34 yes it is
The best ways to practice blowing up accounts on a simulator, ways that mimic what traders often do:
1. Keep drastically increasing your position size when in a losing position, while starting your trade with a reasonably sized position.
Or
2. Start all your trades at position sizes which are way beyond reasonable.
crazy content for real
I adore your videos! I am so subscribed!
Random walks can display trends and other apparent patterns even though there is absolutely nothing more than coin flips/Brownian motion going on. That does not mean that the markets are random.
Q: What's your trading system?
A: I am the system
Hey bro i am your big fan. I really like your videos. I am an beginner trader but i have gained so much knowledge about trading, I also do follow Tom Hougaard and read his book. I am 18 and I am following u from a month i practiced various concepts like demand and supply ,S&R and other stuff.
I had some questions and I know you will give me ans. I eventually find out about Binary Options trading (Scary sound). The straight and simple mechanics , after speculating for 2-3 days I think it is more predictable than stocks and also very risky.
So what u think abt Binary Options trading??Should we take higher risks for higher profits or not??
Edit I got it I got scammed I forgot that i am dumb and knows nothing about trading basics. Again Binary Trading is scam
great video
Fuck me, I stumbled upon real GOLD
another classic! maybe your best! 🥂
I have deleted every indicator, only been trading gold on the 5m, and all I say is "looks like price is gonna go there" and have had a consistently rising equity curve for 3 weeks straight now. No static RR, just having ideas about price and monitoring how I'm thinking.
Never been more simple, never been more profitable. Wtf
Hi. That is interesting but, how (based on what) do you exit trades?
When in green or in red (the P&L) are you able to do the exact same ("optimal") analysis on where and when to exit?
@@antoniomachado8782 I just look at where price has already been to determine target and stop. If we are coming from a low, and I see a strong downwards candle, I wait for a close and enter. My stop is usually somewhere above previous high wick. Once you watch price of any asset long enough there's no real need for "analysis" other than just: "yeah this looks like a high probability setup"
@@antoniomachado8782 I'm facing a problem right now where I need to train my mind to let my trades run. I find myself closing out early out of fear losing profits. Over the last month over 60% of my positions would've run another .5-1R. This is my own brain causing fear and almost.. in shock that I'm able to generate profit consistently now. Funny thing trading is
@@CardeBlanche i tried trading 2 years ago, got overwhelmed because nothing worked using indicators and stuff, found iman's channel and tried paper trading 2 weeks ago, last week was meh, but this week was great, i had setbacks but I'm starting to realise how the market moves, i never thought i would have profitable days in a row, i thought of trading as a scam thanks to all the other youtubers pushing the narrative that you need indicators and stuff and you can "only" succeed when you buy their course
Anyways, hope you stay on track and make a good living with your trading 🙂
@@Decton Amazing to hear my friend. Very similar journey. Take heart in the fact that because you haven't quit you're already ahead of 70% of other traders. We will all have drawdowns, but when the drawdowns are because they're expected in your system and not due to mistakes, you're doing VERY well.
This particular video veered into ICT level rambling... 😗
This is the most philosophical trading channel ever
I'm just gonna go ahead and watch all your videos see if I learn anything.
Love the cat!
Hey. Stop! Hey Stop! InaTadin Stop!
the cats are distracting me i think i am acoustic
By this logic I am truly impressive, because my win rate is probably 1/8 trades.
Wait...hold up a minute! 🤯 DUDE!! That's.... man! That was a seriously good presentation!
Haha thank you
Omg it's about me
@ImanTrading, your videos have been very helpful but you have not made a video on risk management yet .
Make a stop loss, pretty much it.
I am very new to trading and im still just trying to learn the basics like is it better to buy market , buy ask or buy bid. Edit: I understand you may not do this as it would benefit you no way but i would love to see a video where you cover all the basic terminology and such because im an idiot and the google definitions are just not giving me a good enough understanding. Trading so far has been very intimidating and i feel like a cave man learning how to use a computer but someday i hope to be able to wrap my head around it so i can become consistently profitable.
Love this man ❤
im addicted bruh
yo iman do you think its possible to be consistenly profitable off of just entering and selling off of only intuition? planning your entries and exits on the spot
Trading is made to play with human intuition and failures, I don't recommend ever to trade based on intuition, always prepare a plan if you don't want to lose your money in the long term.
@@leimarocampo6997 are you a profitable trader?
Bro I always followed my risk management, money management and i had also followed my rules but every time I do my analysis market does not move according to my analysis what should i do please tell me
i really like your way of talking and explaining, thank you so much for your energy you put into this videos! Have a nice day Sir
Glad I found you 🙏💯
the cat retention is real
In fact it is more powerful than the topic
Ahah, moment. My trading has improved. Watched this video just a few days ago and whatever you said resonated, I am not kidding, I am now winning.
I watched a bunch of your videos and now everything I have ever watched on trading, indicators, thought process it's just all bull!@#$!! I've know this about indictors for a little bit, but something seems to have finally clicked. My whole idea and process on trading is falling apart and bursting in fire, and all I can do is smile.
I tried doing some method of super scalping on TQQQ I made a total of 92 trades during the day, only got stopped out a few times, but all of them where from me just being flat out wrong. Was sad when the day was over because for the first time in a while I was having FUN!
I needed to see this. Thank you to you, to the universe, to cat clips that tempered my emotions while my unmedicated adult adhd absorbed the info. Thank you for helping me to forgive my determinationnto short ath after ath after ath after ath after ath after ath after ath....
Love this cute cats video 😍
think about what you'd think about!
I really like the looks of that orange cat.
the thing is that everyone that starts trading always thinks about mean reversion and how it might be the easiest approach while it's the worst one for the majority of people :)
If price is going up, im buying
if price is going down, im selling.
I dont give a flying squirrel fart what the FED says or who tweeted about ABC stock. i look at WHAT is happening, not so much the REASON.
the reason is, i dunno. dont care... whats my P&L look like? THAT matters more...
By doing that, have you been able to yield better results, with some degree of consistency?
What if price enters in a ranging environment and, when it looks it is going up, falls, and vice-versa?..
@@antoniomachado8782 same can be said for ranging
there are times just like fishing when there re better times to fish (trade trends) than not.
its more about probabilities.
is it a guarantee that if the market is open it will trend up or down? no. its just MORE LIKELY that it will. just as it is MORE LIKELY to rang outside of market hours.
all you can do is go by whats happening. ATR like he says is a good tool
if you put it on a 1 hr chart you'll see it just rise and fall and its about in the same place for whatever market is.
but there are some hidden gems out there. like more times than not price will either close above or below its open price.
i was told within that truth theres a pot of gold...
@@antoniomachado8782 then dont trade those ranges, if you dont feel like you could make a great trade, dont trade, wait for a better time, the market wont go, it will always be there, waiting 🙂
10000% this video will help me on my road to profitability, i found that i’m consistent at something, consistent at losing haha 🔥🔥🔥
good job
Had to relisten to what you said every time the monkeys showed up because my simple mind couldn't stop thinking about what they were possibly thinking about.
Its not the same but similar (its much easier to lose money than earn it) especially in options
The market is very efficient until its not (people doing lottos want to find the not which does happen but more likely wont) therefore the secret to consistency is to use the efficiency of the market to profit long term (this is why Index Funds beat 90% of investors long term)
Unless your strategy relies on finding inefficiencies in the market but most people aren’t doing that 😂 (and if you are you risk 10% not 100% like wsb)
I love your videos man
you Traders Reality and traders evolve are can you tell me if the other two channels are legit