👉 Trade with our Sponsor Broker: Trade Nation www.financial-spread-betting.com/ccount/click.php?id=95 Trade sensibly! 81.7% of retail investors lose money. 👉 We are seeking more contributors who can produce great video educational content about trading for our channel. If you think you have what it takes please get in touch by sending a message to traderATfinancial-spread-betting.com (remove the AT and substitute by @). 👉 It seems a lot of our viewers are non-subscribers. Make sure to subscribe to our youtube channel as we upload regular videos! If you hit the “Bell” icon (🔔) you will receive a notification on youtube every time that we upload a video on our channel. Bell icon hitters are super fans of our channel 🥰
It's funny, I agree and disagree at the same time. After a couple of years of trading experience, I can honestly say that TIGHT Stop losses caused me to LOSE the most trades but I had more success with wider stop losses and lower position sizes.
This guy is the epitome of what trader should be. He cuts to the chase,no bullshit whatsoever. And he is 100% right about not using stop losses. I mean come on, as a day trader we all know they are just the lines that most of the times are gonna get hit unless you are using wide stop losses which may result eating your risk reward. You spent enough time in market, your instinct will build;trust me. And I'm not talking about spidey sense that tingles. Those instincts came from lots of hours of studies and years of experience (2 should be enough).All you need to learn is to act on that,then you wont need lines to tell you exit trade. You will know that by the market behaviour
1) *Nobody* is ever 100% right when it comes to forex. 2) if your stop losses are getting hit most of the time, you're stop losses are to short 3) instinct isn't right 100% of the time and market behavior can behave unpredictably at times. Even if you were to set your stop losses near your margin call to prevent negative balance or total blowout, it's still better than none at all
After ~10 years of trading experience, mostly day/swing trading, I can tell you the #1 RULE : absolutely have stops else risk getting wiped out sooner or later! If you start trading with stops (not too tight, at least 1.5 to 2 ATR) but no target (yes no target or a large target!), you will see than in the long run you WILL make money despite a low win rate. The temptation to win KILLS you in trading. Being "aggressive" in trading and as a result doing absolutely silly things such as averaging or having no stops is very very stupid!
In my experience, WIDE stop losses was the KEY for me to having a MUCH better win streak and be more mentally confident about trading overall. I can't tell you how many times I placed trades and they go against me despite doing all the correct technical analysis and in the end, they come back in my favor. Tight stop losses nearly stopped me out almost every time and it was the main reason why I blew through so many accounts! You really do have to give those trades room to run. What I considered a tight stop loss was anything less than 30 pips but I had no idea that some traders would consider a 100 pip stop loss to be a tight stop loss. It depends on what the potential reward would be. A 100 pip stop loss is cool if the potential reward is 400 pips+ and ofcourse depends on risk management/lot sizes. I would think that this would be better for Swing trading.
He talks so much sense.....if you want to take a lot from trading, then first you have to give a lot, and sacrifice a lot. It's a lonely and hard life and a real test of character.......it's also the greatest job in the world !!
Have a lot in common with this guy. SL has play against my trade over and over. Stopped using it and started winning. It come down to everyone's style.
You people are criticizing a system without even knowing anything about it, nor if this guy is profitable or NOT. He may be scalping for ticks, so he doesn't even have to bother about PLACING a S/L, because he goes in and out in seconds and keeps his eyes on the market, and still MAY BE using "psychological" stops. He could also be using an strategy with very high win% ratio (there are strategies above 90% with big/small losses, that are still profitable on the long term). Did you even consider he may be using arbitrage, hedging or one of the so many tools other than S/L? He may trade news/hedging, he may sacrifice small accounts for aggressive earnings. There isn't just one way. You should practice something called "healthy skepticism" if you want to keep learning. The important question isn't WHAT he uses or WHAT NOT, but DOES IT WORK ON LONG TERM? And if you can make a living out of it, the "what" becomes irrelevant.
One day in 2015, the Swiss franc fell 25% in 20 minutes. People without stops lost their whole account. Some ended up owing the broker their house. So I use guaranteed stops with CFD's, but I always close the position before they are triggered.
I use market orders sometimes if the market is turbulent or climbing fast, but I still always have a stop, I know where my maximum risk is on any trade.
If you are a fresher always trade with a stop loss, as time goes on and your winning average increases and you become more emotionally stable, of course you can trade without stop loss..especially if you are going in and out of trades in seconds...I think he does momentum trading most of the time hence the lack of stop loss
i dont use stops in my trading but i handle my risk a lot differently to whats taught in courses and the plethora of free info out there, i can be in drawdown for weeks or months but never ever go beyond 10% of my account being risked, i say play the long game, use smaller lots and your account will build, but this requires patients which a lot of traders dont have
I agree with 1 thing. Stop losses do NOT limit risk. If you do? take smaller positions and higher TF. I am 38 Months ( almost ) loss free. and the losses what I take at the moment are very very small. correct me if I'm wrong please. Always open to learn and discuss.
Excellent points. This is guy is a super legit trader. As a fellow trader, I can resonate 100% to what he has said, especially when he says, "I became a different person"... Its a crazy good skill to have as long as it works...! Cheers
All i'll say is if you're new, and thinking of not using stops, you'll be refunding your account very often. Use stop losses until you're psychologically able to take a losing trade off your self.
It is not always black and white....stop or not. I use "mental stops" with no specific price point used but more of a "thingsI start noticing that I'm getting nervous...that's when I cut it
This guys a Muppet... I'm a full time trader myself and I always have a stop, its not necessarily a tight stop but its not a ridiculous stop either. The only way you can never use a stop is if you have a big enough account to never run out of equity where you can let trades run against you until they come back into profit.
Rather than being willing to take loss larger than 2%, wait for better entries and trade something less volatile at your skill level. Taking losses larger than that stack up fast and make it hard to recover especially if you trade frequently.
If you are not over-leveraged and are trading a size well within your account limits, then you should never use a hard stop. Unless it's a trailing to take off a profitable position. Or a partial loss on a larger position. In my experience hard stops have lost me more money than any other thing, and cause a lot of emotional problems such as revenge and over-trading. If you are over-leveraged and under cap then you kind of have to use them, sadly.
Jason Russell i share that experience, especially on daytrading large size, stops are the usual reason trades dont work out and they do work out like 10 minutes after went to stop, thats why i hedge. That cuts my loss-rate down by about 45% while maintaining the same risk.
Always use stop loss, wider enough to be clear of ups and downs of the market to gain big profits. Trailing with wider stop loss can be more useful say 75% or 80% keeping a reasonable take profit.
If you don't have stops and you are watching the trade, i guess if it goes badly wrong you can hedge it while it is going wrong, then if it comes back right unwind the hedge. But in the disaster scenario where a (server side) stop gets you out of jail, you might not be able to hedge. I am wondering if stoploss strategy needs to consider current conditions. So if strategy is winning, squeeze the stoploss, and if strategy is losing let the pressure off. This is what i am experimenting with at the minute.
if you have done your analysis correctly and you enter a trade, do not set a tight stop lose but if you think that there is high volatility going on and you want to jump and snip, tight stop loses are your best option.
I just don't know, I hear him but I was taught if you don't set stops you shouldn't be a trader, and have felt it first hand. Market can move against you quickly lol.
well, if your on spot trading, you dont need a stop loss, your there to cut the losses, you can market sell, if you have a stop market placed, youre gonna suffer slippage any way, if its is a stop limit, its gotta be wide, thus ur position have to be much smaller
and yes he does have money management whether we like it or not...he will average down... which means he leaves room in his account because he could be wrong.... if that wasn't the case then he would just bet the entire account on each trade....
Managing your trades by keeping the position size small relative to your account size works better than whole position stops. Averaging is just trying to trade like an old pit market maker but you need a market maker sized account to do it. Otherwise, trading without stops makes you part of the 95%.
Where can I see the whole interview? As a suggestion, it would be very usefull that you add a link to the first video of the interview. Tks a lot for your hard work!!
This guys trading philosophy obviously unique to him ,i used stops then started trading without them because of whip lashes ect. I m now beginning to think about reverting back to use of stops. The majority of traders lose because of a few big losers, or one trade which wipes out their account , it about reversing this, more small loses and more bigger wins
He's so right, If you have to place stops then you entered the trade wrong make sure you enter as best as your skills tell you and you shouldn't need a stop if it goes wrong you need a big enough account whilst you wait for a bounce (i'm talking about hourly trading)
I trade the same way, completely contrarian to all the standard trading advice, I only sell if the company stops paying there dividend, but as long as the earnings, fundamentals, and dividend are healthy, I hold and buy as the price drops in order to bring my per share price average down, until the price action reverses... nice to see another contrarian brother in the comments...! :D
Stops I find are too easy to hit....Market makers hunt for them all day... Too many time stops are hit for a split second and then runs back up. Stocks very notices are to hunt for stops. Statistically speaking nif you use stops you lose money . Not to mention the slipping you get.
Definitely not ridiculous.possible easily..it’s just we all don’t have the acc size to do it..he says he is happy with 2-4 pips..that explains the size..
Trading with out placing stop , that mean is the end of salamon grandy story end ) money management is some thing we can't ignore at all , but it is not necessary at all times, it depends on your trading strategy .. reward to risk ratio ... etc
I'm sure he means not using physical stops but he must have a mental stop number in his head . I least i hope so. I think he should have explained that a little more here. You could trade without physical stops but MUST at the very least have a mental stop where you will bail . Must have the discipline to honor that , or you are gambling. imo
What he literally said is let the market tell you when to stop out, not just putting some arbitrary number like 2% like many amateurs do. Reward/Risk is taught at a beginner level to people that don't have proper strategies to begin with, coupling the beginner ratio with bad strategy is a recipe for disaster and this what they said at the beginning, a lot of people stop loss out of trading all together. Stop losses can be good or bad, depends on way more variables (too many to list here).
This is not accurate. Beginner risk management trains people to use stops at arbitrary percentages, not because that's what is best but because that is the best way to teach a beginner.
another way for risk management is using lower trade size about 0.5% per trade and at maximum of 20% total trades, with this method no need for SL as even 2000+ pips down it can't defeat your trades/positions and your account, you can continue to fight back and make money.
Therealltaken10 stops are final, there are many other ways maintaining your risk without a stop, not knowing it any better does not make it a bad thing! I for example do hedge directly in the same asset, and trade the same setup at another price, this results in cutting the losing-quote in half.
exactly ! just because peoples have a different aproach and not share the interest in getting stoped out by institutions .. does not make them "ridiculous"
This guy is absolutely new to this trading game and even don't know ABC of the same. As far as global economy is concerned, there are 100's of financial instruments where one can invest money for a substantial amount of return. There is a big significant difference between trading and investing, which one has to put this deep in mind. Trading is a high probability game which requires intense practice and experience, and one has to be very keen in mathematical formula and calculations.Trading is nothing but a game of plus and minus for sure as the movement of price is one dimensional. Stop loss is the key to success and it limits your risk. Those who don't put stop loss, either they are speculators or gamblers but not traders.
👉 Trade with our Sponsor Broker: Trade Nation www.financial-spread-betting.com/ccount/click.php?id=95 Trade sensibly! 81.7% of retail investors lose money.
👉 We are seeking more contributors who can produce great video educational content about trading for our channel. If you think you have what it takes please get in touch by sending a message to traderATfinancial-spread-betting.com (remove the AT and substitute by @).
👉 It seems a lot of our viewers are non-subscribers. Make sure to subscribe to our youtube channel as we upload regular videos! If you hit the “Bell” icon (🔔) you will receive a notification on youtube every time that we upload a video on our channel. Bell icon hitters are super fans of our channel 🥰
It's funny, I agree and disagree at the same time. After a couple of years of trading experience, I can honestly say that TIGHT Stop losses caused me to LOSE the most trades but I had more success with wider stop losses and lower position sizes.
I think she is a really good interviewer.
This guy is the epitome of what trader should be. He cuts to the chase,no bullshit whatsoever.
And he is 100% right about not using stop losses. I mean come on, as a day trader we all know they are just the lines that most of the times are gonna get hit unless you are using wide stop losses which may result eating your risk reward. You spent enough time in market, your instinct will build;trust me. And I'm not talking about spidey sense that tingles. Those instincts came from lots of hours of studies and years of experience (2 should be enough).All you need to learn is to act on that,then you wont need lines to tell you exit trade. You will know that by the market behaviour
1) *Nobody* is ever 100% right when it comes to forex.
2) if your stop losses are getting hit most of the time, you're stop losses are to short
3) instinct isn't right 100% of the time and market behavior can behave unpredictably at times.
Even if you were to set your stop losses near your margin call to prevent negative balance or total blowout, it's still better than none at all
He said beginners should use Stop Losses. He is not a beginner. He said he activates his own stop loss. You need to listen.
i really like this guy he is a no nonsense guy about his money and does not conform to what most people expect
Instantly hit the like button when he said he trades without stops. True risk management at hand if you dont need a stop loss. 🍻
After ~10 years of trading experience, mostly day/swing trading, I can tell you the #1 RULE : absolutely have stops else risk getting wiped out sooner or later! If you start trading with stops (not too tight, at least 1.5 to 2 ATR) but no target (yes no target or a large target!), you will see than in the long run you WILL make money despite a low win rate. The temptation to win KILLS you in trading. Being "aggressive" in trading and as a result doing absolutely silly things such as averaging or having no stops is very very stupid!
In my experience, WIDE stop losses was the KEY for me to having a MUCH better win streak and be more mentally confident about trading overall. I can't tell you how many times I placed trades and they go against me despite doing all the correct technical analysis and in the end, they come back in my favor. Tight stop losses nearly stopped me out almost every time and it was the main reason why I blew through so many accounts! You really do have to give those trades room to run. What I considered a tight stop loss was anything less than 30 pips but I had no idea that some traders would consider a 100 pip stop loss to be a tight stop loss. It depends on what the potential reward would be. A 100 pip stop loss is cool if the potential reward is 400 pips+ and ofcourse depends on risk management/lot sizes. I would think that this would be better for Swing trading.
He talks so much sense.....if you want to take a lot from trading, then first you have to give a lot, and sacrifice a lot. It's a lonely and hard life and a real test of character.......it's also the greatest job in the world !!
It depends on the market conditions, there is no one size fits all solution because the markets are dynamic.
Have a lot in common with this guy. SL has play against my trade over and over. Stopped using it and started winning. It come down to everyone's style.
Not only he does not use stops but he also averages down. What a champ.
You people are criticizing a system without even knowing anything about it, nor if this guy is profitable or NOT.
He may be scalping for ticks, so he doesn't even have to bother about PLACING a S/L, because he goes in and out in seconds and keeps his eyes on the market, and still MAY BE using "psychological" stops. He could also be using an strategy with very high win% ratio (there are strategies above 90% with big/small losses, that are still profitable on the long term). Did you even consider he may be using arbitrage, hedging or one of the so many tools other than S/L? He may trade news/hedging, he may sacrifice small accounts for aggressive earnings. There isn't just one way.
You should practice something called "healthy skepticism" if you want to keep learning. The important question isn't WHAT he uses or WHAT NOT, but DOES IT WORK ON LONG TERM? And if you can make a living out of it, the "what" becomes irrelevant.
Man goes losing money is same as losing a pet 🤣🤣🤣
The very best traders are still not seen giving advice on RUclips
This guy has said countless things i agree with. I don't trade with stops either. I manage it with allocation size alone.
One day in 2015, the Swiss franc fell 25% in 20 minutes. People without stops lost their whole account. Some ended up owing the broker their house. So I use guaranteed stops with CFD's, but I always close the position before they are triggered.
If you are new to trading and watching this vlog, please please please USE STOPS!! This guy is demonstrating very bad trading habits.
The Turtle Traders did use a volatility stop, they had an exit plan but they did use a hard stop also.
'it's a lonely life.' -- maybe i am cut out for this, lol
What if the price keeps going down and never returning back ? Sometimes no stoploss can wipe out a large amount of capital irrevocably.
this man speaks the truth. he is a real trader.
He said: "when i feel a trade isn`t working for me, i go out of the trade."
Thats nothing else than a stop.
I use market orders sometimes if the market is turbulent or climbing fast, but I still always have a stop, I know where my maximum risk is on any trade.
If you are a fresher always trade with a stop loss, as time goes on and your winning average increases and you become more emotionally stable, of course you can trade without stop loss..especially if you are going in and out of trades in seconds...I think he does momentum trading most of the time hence the lack of stop loss
i dont use stops in my trading but i handle my risk a lot differently to whats taught in courses and the plethora of free info out there, i can be in drawdown for weeks or months but never ever go beyond 10% of my account being risked, i say play the long game, use smaller lots and your account will build, but this requires patients which a lot of traders dont have
Genuine proper trader, I have met many and the good ones are normal guys like him.
Definitely don't kick dogs.. great interview with honest answers
I agree with 1 thing. Stop losses do NOT limit risk. If you do? take smaller positions and higher TF. I am 38 Months ( almost ) loss free. and the losses what I take at the moment are very very small. correct me if I'm wrong please. Always open to learn and discuss.
Excellent points. This is guy is a super legit trader. As a fellow trader, I can resonate 100% to what he has said, especially when he says, "I became a different person"... Its a crazy good skill to have as long as it works...! Cheers
I like his style of trading.
Stop loses is brokers money
“I tell myself when I’m wrong -I don’t wait for market to say it “ wellsaid...
All i'll say is if you're new, and thinking of not using stops, you'll be refunding your account very often. Use stop losses until you're psychologically able to take a losing trade off your self.
It is not always black and white....stop or not. I use "mental stops" with no specific price point used but more of a "thingsI start noticing that I'm getting nervous...that's when I cut it
everyone has their own philosophy when it comes to trading. do what works for you..
This guys a Muppet... I'm a full time trader myself and I always have a stop, its not necessarily a tight stop but its not a ridiculous stop either. The only way you can never use a stop is if you have a big enough account to never run out of equity where you can let trades run against you until they come back into profit.
Joseph Barreca or you trade smaller if you don't have much; That way you can do the same
...
Rather than being willing to take loss larger than 2%, wait for better entries and trade something less volatile at your skill level.
Taking losses larger than that stack up fast and make it hard to recover especially if you trade frequently.
If you are not over-leveraged and are trading a size well within your account limits, then you should never use a hard stop. Unless it's a trailing to take off a profitable position. Or a partial loss on a larger position. In my experience hard stops have lost me more money than any other thing, and cause a lot of emotional problems such as revenge and over-trading. If you are over-leveraged and under cap then you kind of have to use them, sadly.
Jason Russell i share that experience, especially on daytrading large size, stops are the usual reason trades dont work out and they do work out like 10 minutes after went to stop, thats why i hedge. That cuts my loss-rate down by about 45% while maintaining the same risk.
Always use stop loss, wider enough to be clear of ups and downs of the market to gain big profits. Trailing with wider stop loss can be more useful say 75% or 80% keeping a reasonable take profit.
If you don't have stops and you are watching the trade, i guess if it goes badly wrong you can hedge it while it is going wrong, then if it comes back right unwind the hedge. But in the disaster scenario where a (server side) stop gets you out of jail, you might not be able to hedge. I am wondering if stoploss strategy needs to consider current conditions. So if strategy is winning, squeeze the stoploss, and if strategy is losing let the pressure off. This is what i am experimenting with at the minute.
if you have done your analysis correctly and you enter a trade, do not set a tight stop lose but if you think that there is high volatility going on and you want to jump and snip, tight stop loses are your best option.
I just don't know, I hear him but I was taught if you don't set stops you shouldn't be a trader, and have felt it first hand. Market can move against you quickly lol.
well, if your on spot trading, you dont need a stop loss, your there to cut the losses, you can market sell, if you have a stop market placed, youre gonna suffer slippage any way, if its is a stop limit, its gotta be wide, thus ur position have to be much smaller
Place your stops where your strategy or hunch fails. Forget RR ratios
and yes he does have money management whether we like it or not...he will average down... which means he leaves room in his account because he could be wrong....
if that wasn't the case then he would just bet the entire account on each trade....
it seemed like a very unpleasant interview... after asking him 1 question... you dont want to ask him any more.. its as tho if he's getting irritated!
Managing your trades by keeping the position size small relative to your account size works better than whole position stops. Averaging is just trying to trade like an old pit market maker but you need a market maker sized account to do it. Otherwise, trading without stops makes you part of the 95%.
No stops,is a second chance to eventually win.....so your win rate goes up....bigger the risk,bigger the win.....
Where can I see the whole interview? As a suggestion, it would be very usefull that you add a link to the first video of the interview. Tks a lot for your hard work!!
This guys trading philosophy obviously unique to him ,i used stops then started trading without them because of whip lashes ect. I m now beginning to think about reverting back to use of stops. The majority of traders lose because of a few big losers, or one trade which wipes out their account , it about reversing this, more small loses and more bigger wins
He's so right, If you have to place stops then you entered the trade wrong make sure you enter as best as your skills tell you and you shouldn't need a stop if it goes wrong you need a big enough account whilst you wait for a bounce (i'm talking about hourly trading)
Terrible advice
Mark Carter Agree. That is a good strategy....... to blow up your account
I trade the same way, completely contrarian to all the standard trading advice, I only sell if the company stops paying there dividend, but as long as the earnings, fundamentals, and dividend are healthy, I hold and buy as the price drops in order to bring my per share price average down, until the price action reverses... nice to see another contrarian brother in the comments...! :D
Victor Funk let me know if it worked in 2008
Yes it did, I prefer this method in all market conditions...
There is a difference between losses and manageable losses and that's what distinguishes consistent gainers versus long term losers.
Stops I find are too easy to hit....Market makers hunt for them all day... Too many time stops are hit for a split second and then runs back up. Stocks very notices are to hunt for stops. Statistically speaking nif you use stops you lose money . Not to mention the slipping you get.
Do both strategies with S/L and no S/L depending on how you manage trades. Technical analysis plays the vital role on this style in trading.
"i don't trade with stops" "i decide when the trade isn't work...i don't let the market tell me"
what does any of that even mean?
This guy will take a big one at some point.
I’d be surprised if he was still trading
Trading is really tough and stressful, you have to be constantly on your A game. Long term investing and pound averaging works better for me!
Definitely not ridiculous.possible easily..it’s just we all don’t have the acc size to do it..he says he is happy with 2-4 pips..that explains the size..
Where is this guy now ?
The poor house is full of traders who didn't use stop losses. Pretty horrible idea.
Love this guy. Needed to see this after the wk I had
Excellent interview. So glad I watched!! Thank you!
Trading with out placing stop , that mean is the end of salamon grandy story end ) money management is some thing we can't ignore at all , but it is not necessary at all times, it depends on your trading strategy .. reward to risk ratio ... etc
He's spot on !!!
Always use a stop loss with a 2:1 or 3:1 R/R.
i can relate to what he says, especially the last line, what trading has made me become, now i'm a loner, but thank God i have a gf
To stop or not to stop, thats the question here.
Damn, best Answer in the first 5 secs.
🧡💛💚💙 Waste of interview. Says nothing of substance. Too vague. Plenty of other interviews that are better 🧡💛💚💙
try not using a stop loss in a volatile market like Bitcoin
I'm sure he means not using physical stops but he must have a mental stop number in his head . I least i hope so. I think he should have explained that a little more here.
You could trade without physical stops but MUST at the very least have a mental stop
where you will bail . Must have the discipline to honor that , or you are gambling. imo
What he literally said is let the market tell you when to stop out, not just putting some arbitrary number like 2% like many amateurs do. Reward/Risk is taught at a beginner level to people that don't have proper strategies to begin with, coupling the beginner ratio with bad strategy is a recipe for disaster and this what they said at the beginning, a lot of people stop loss out of trading all together. Stop losses can be good or bad, depends on way more variables (too many to list here).
absolutely ridiculous not to use stops, stops are risk management and
without risk management you're just gambling your money. Just my two
cents
This is not accurate. Beginner risk management trains people to use stops at arbitrary percentages, not because that's what is best but because that is the best way to teach a beginner.
another way for risk management is using lower trade size about 0.5% per trade and at maximum of 20% total trades, with this method no need for SL as even 2000+ pips down it can't defeat your trades/positions and your account, you can continue to fight back and make money.
Therealltaken10 stops are final, there are many other ways maintaining your risk without a stop, not knowing it any better does not make it a bad thing! I for example do hedge directly in the same asset, and trade the same setup at another price, this results in cutting the losing-quote in half.
that doesn't means that he doesn't cut his losses!
exactly !
just because peoples have a different aproach and not share the interest in getting stoped out by institutions .. does not make them "ridiculous"
If you trade small cap intraday and are short biased and you don’t use a stop, you will lose everything day 1.
Good luck trading no stops with a small account.
I also don't use stop losses.
great show im looking forward for more interviews like that its very unique
I would marry the interviewer
Not using a stop-loss is a fast track to blowing up your account
yes, both, arrogant and stupid. Preservation of capital is the single most important rule of trading.
Turtle Traders did use stops!
This guy is absolutely new to this trading game and even don't know ABC of the same. As far as global economy is concerned, there are 100's of financial instruments where one can invest money for a substantial amount of return. There is a big significant difference between trading and investing, which one has to put this deep in mind. Trading is a high probability game which requires intense practice and experience, and one has to be very keen in mathematical formula and calculations.Trading is nothing but a game of plus and minus for sure as the movement of price is one dimensional. Stop loss is the key to success and it limits your risk. Those who don't put stop loss, either they are speculators or gamblers but not traders.
Great Vid!
Loved him😂❤
what is her name?
I used set up stop los and always ben on minus, I stop and making money.
I can't pay attention. I just want to listen to her voice on repeat while I lose money
does anyone know her name?
the fact is, I would like to have a mentor like him
My family never seemed happy when I did well in trading...
So this guy wins 100 percent of his trades?
No stop-loss is a no brainer specially for day trading.
If he's not implementing a trailing stop at some point he is either lying or a fool
yes absolutely ridiculous not to use stop. that's part of the job. its the least you can do.
the type of guy I would not want to work with...
i feel like this guy is attached to his money and that's a big problem
Ther are horror stories of people trading without a stop loss!
Account flippers don't use stops
Swaggy is a genius