Trading Like a Pro 1: Habits and Patterns Of Losing Traders 😌🙄
HTML-код
- Опубликовано: 18 июн 2024
- ✅ Trade with our Sponsor Broker: Trade Nation www.financial-spread-betting.c...
✅ Check our website: www.financial-spread-betting.com/
✅ Please like, subscribe & comment if you enjoyed - it helps a lot!
80% to 95% of traders lose money. www.financial-spread-betting.c... PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! 10% of trader make anything from a good living to multi-billions. What are the best traders in the world doing? What habits and patterns do they possess that makes them successful? Anyone who is making money out there and doing well - what are they doing that is helping them make money.
What Losing Traders do
- they take small profits - biggest theme amongst losing traders statements
- they won't take losses - adding to losers, stopping for the day, week.
- they have no real trading strategy - they just move from one system to another.
- they don't truly accept risk - snatching profits using very tight stops
- don't full commit to trading
- they need to not be wrong - they just aren't happy unless they breakeven or at least make a little profit.
-they won't give trading the respect it deserves (partly the industries' fault). Trading is a hard occupation to be in and successful traders deserve a lot of respect.
- expect to compete against the best in the world...and win
- unfortunately, the odds of short term success in trading are not bad (50%?). In any other profession the odds of success from the start are low - pilot or surgeon for instance.
✅ Our channel sponsor for this month are Trade Nation meaning these guys are covering our costs of operation. We only accept reputable and properly regulated providers as sponsors. Please support us by trading with this provider. Trade Nation offer the popular MT4 platform as well as an easy-to-use web trading platform with fixed spreads.
Sign up with Trade Nation: www.financial-spread-betting.c...
📜 Disclaimer 📜
81.7% of retail investors lose money when trading CFDs and spread betting with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Related Videos
What Makes a Great Trader? 🙌
• What Makes a Great Tra...
Trading Like a Pro Series:
Trading Like a Pro 1: Habits and Patterns Of Losing Traders
• Trading Like a Pro 1: ...
Trading Like a Pro 2: Habits And Patterns Of Winning Traders
• Trading Like a Pro 2: ...
Trading Like a Pro 3: Mindset of Winners: Confidence, Work and Character
• Trading Like a Pro 3: ...
Trading Like a Pro 4: How Winning Traders Self-Assess
• Trading Like a Pro 4: ...
What Makes a Successful Trader? 👏👌
• What Makes a Successfu...
Winning Traders Think Like This! 🏆
• Winning Traders Think ...
How Successful Traders Think vs Losers: How to Think Like a Winning Trader! 👊
• How Successful Traders...
WINNERS ADD TO WINNERS! 🏆
• WINNERS ADD TO WINNERS! 🏆
How Society Programs Bad Traders: Losing Money, Being Wrong 😶
• How Society Programs B...
Ways Your Mind Tricks You Into Being a Losing Trader! 🙄
• Ways Your Mind Tricks ...
12 Reasons Why Most Traders Fail / Lose Money 😟
• 12 Reasons Why Most Tr...
The Winning vs Losing Traders 🙄
• The Winning vs Losing ...
How To Break Bad Trading Habits ☝
• How To Break Bad Tradi...
How To Be In the Top 10% of Successful Traders 👍🏽
• How To Be In the Top 1...
Trading: Importance of IQ (Brains) vs EQ (Emotions) vs AQ (Resilience) ✊
• Trading: Importance of...
BENEFITS OF BEING A GOOD TRADER! 👍
• BENEFITS OF BEING A GO...
Benefits of Trading & Thinking in Probabilities 👊
• Benefits of Trading & ...
👉 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 🥰
The thing about why we don't want to take loses. It all comes down to educational system and it's all about upbringing too. We are learn from very early age not to make mistakes othewise we get punished. It creates a feeling, that if we are wrong, we are something less than others and that is something what we are affraid of on deeper psychological level. What drives this kind of behavior not to take a loss, after our analysis of the market, are believes deeply rooted in our minds from very young age. We don't want be wrong, because it creates emotional pain. It's not just about fear and greed, but also about many other psychological aspects releated to it. We close the trade when size of the loss overcomes the emotional pain of being wrong and everybody has different levels of this scale.
Good comment.
That is so true.
is deeper rooted in us than just upbringing. Its in our DNA not to give away food, look at dogs or other mamals.
My training taught me to make rules and stick to them. That really works when you discipline yourself to stick to the rules you’ve created like Exit at 75% profit or 50% loss. Etc. Find rules/strategies that work and stick to them :)
From this morning I have already watched nearly 20 of your RUclips and all were just excellent! Thank you so much.
Just going through some of the back catalogue of videos and this one is fantastic. Thanks for keeping the content quality high 👌
Thank you for all your videos. I have watched hours and hours of your videos, and I have learned so much from you... The knowledge I've gained through your videos is priceless.
Always looking forward to seeing new videos everyday. Big, big help.
#1--- Mistake:
taking small profits....
If u use the recommended 2% max of your account to trade then with a $5k account you are already taking small profits unless u risk that your trade will yield perhaps 100+ pips or more which can face economical changes inside a week as the trade may take a week or more to mature without volitility.
I would rather use 10% of a $5k account & close the trade @ 20 pips & walk away for the day knowing that there is a 75%+ chance the trade will close in 2 days or less. The big key for me is I place no fear of losing the trade or a large part of my account so long as Ive done my homework & recognize the risk as well as the reward. I determined a long time ago not to place live or die consequences on my forex funds. It's a competition for me to take the markets money & give them back as little as possible. But, it's never about needing that money to survive or control my life style. If it did I would have ulcers & much larger medical bills.......lol
I welcome experienced & successful forex traders opinions.
Thanks
I'm guilty of many of these
You were absolutely right in every single point.
Well done! Thank you so much for all the work you do. Have learned so much from you. Also you can just listen to these videos, I’m planning to watch all at work. Thanks !
I think the small winners and running losers is the same mindset (which I still battle :) the basic premiss being that the market will reverse essentially claiming back the profits on the trade, or erasing the losses on the trade. It is correct. The market will retrace/correct/reverse but the trick is at what point will that start and rather than believe a small retrace is a reversal and pull out, have techniques that will help keep us in trades longer and accept those techniques won’t always be “right”
I am just a losing trader because i never take profits i get to greedy , and risk my whole account and never accepting that iam wrong so not exiting quickly
Move your stops or use TP. You'll only ever be successful if you stay consistent in your rules no matter how you feel
If one has practiced readings charts , one can easily manage or fix broken trades that is trades that are in the red! Every market has its own nature and with time one starts to realise the extremities of the nature of that particular market.
Not accepting losses is a big one for me. I'm mainly on the 1 and 5 min chart and sometimes go down few percent and have to wait a few hours to go back up again. In the meantime I could just take a small stop loss and use that time for more hopefully profitable trades. I need to work on that.
Yeah I always take profits early...its still something I'm trying to work on...I did try leaving the trade open for longer but it didn't end well
same here
Great content! it would be great to see a video on compounding
I paused this video at 3:26 because everything you said applies to me lol.. SADLY I entered into a swing trade with initial risk of 2% and ended up holding onto the losing trade for several months .. what was meant to be a $200 risk ended up being a $6000 loss.. hahhahaha I think I'm a better trader now but I doubt it.. still have alot to learn ! =)..
Thank you!
Great video BTW .. thank you
some hard but very important and helpful truths
This Video was very sobering!
very excellent tios thank you so much
Thanks bro for.this wonderful video
Do you think there is a difference between scaling in to a trade and adding to a loser?
i kept on clapping all through this video. great stuff
Going all in, chasing losses. Not seeing a daily max loss. It's all gone. 130k 130k 130k
Hi, you said that beginners take small profilts (in $$$), but you could define small profits? Thanks for the great videos!
I think my profit targets are small. Once it hits a range, I cash out. I use a p/l ratio to make things simple. I do not know how to predict trends, which I'm working on.
Who’s giving the thumbs down on these? This is great content!
my problem I fear even if I knew I will be right.panic is my main problem
Same !
you must be trading a big account. try trading in smaller accounts so that you don't worry much whether you are losing or not.
What about when my stock goes up and i adjust my stop loss to break even point? Is that a bad thing? I mean thats my plan to protecting my capital
If you develop money management discipline and keep good records youll eventually come across patterns that you can trade to your advantage frequently
I waited for my profit tow times yesterday and ended up losing. How do you fix that ?
Question for you: is trading a zero-sum game?
Does it have to be the case that the majority must lose money so that the few can make it big?
Or can we, theoretically, all make money?
I'm sending this to Mark, could be a good topic for a video in future! (so make sure to follow and subscribe!)
@@ukspreadbetting Way ahead of you :-)
Thanks!
experience
Capital (you can't get away without it)
good mind control when they are losing
not afraid taking risks but not reckless
trading as professional is not for everybody, most will definitely fails.
1, 2 and 6 are very hard to break because it's literally how most people were raised. These are my issues and even though my strategy is pretty decent, I end up not doing it correctly due to 1,2 and 6, mostly 1 and 6.
This video is perfect for me. Thank you. I have been trading for about 3 months and I need help. Where can I look to get a better understanding and maybe a guide explaining all the tools in the charts? I invest but I can’t explain it in fancy words but I think my strategy has not been the greatest even though I am 30%+ On my portfolio. Any guidance will be appreciated. I Look forward to more videos
What do you exactly mean by the 'tools in the charts' - do you refer to the technical indicators?
UKspreadbetting exactly
See ruclips.net/p/PLnSelbHUB6GRbMZ-M_SeRkNAWWrpvZ0AS
You don’t talk about scalpers right? If I understand it correctly scalpers make a lot of trades with relatively small profits right? They are only ruthless about the loosing trades.
Being profitable is accepting when your buy zone is wiped out, you get out ASAP. Be patient like a sniper.
Excellent Video ...but a definite black mark is the so called statistic frequently used on these types of videos is ...90% + traders lose money ....No presenter explains exactly what is meant by this !!! Who is classed as a trader and exactly how many times must they have made a trade or trades to be in the 90 % catagory ?????..How much must they have lost or over what period of time to qualify under the 90 % ???...Does this only apply to full time professional traders or the man in the street who may do the occasional trade of his mobile ??? Statistics such as these should never be used to support what really is a video on trying to educate on trading shares without a proper explanation of what exactly is meant by the statistic ... Norman
The statistics include everyone who has ever tried his hand at trading. A big chunk of these would be newcomers. The stats also don't mention that the majority lose small amounts (I heard it can be as little as $100) - these are also included in the statistics. Having said that one has to appreciate that any form of trading is by its very nature speculative and risky. Trading = Risk Taking.
@@ukspreadbetting Many thanks for taking the time to reply and trying to explain to what and whom the stat is relating to in a bit more detail than a simple headline phrase ...90% of traders lose money ...which is meaningless just by itself .... Norman
losers hope lossing trade will come back..winners hope profit trade will continue....
⛽️🔥
Ayo I'd appreciate if you stop talking about me in the very first part of the video. You don't know me lol
Have you been watching me? No … I am part of the 90/95%: the thing is that I know a lot, but due to lack of experience and fear that increases with loss upon loss, my trading gets more and more risky. I know a major key is WAITING and RECOGNISING what is happening, and giving my monkey brain a talking to, to force it to explain to me what it sees … hopefully by doing this my human logical brain will step in … Im actually going to introduce a new check: rather than just writing down what im seeing, before pulling the winning/suicide button, TALK THROUGH what Im seeing and expecting and why: most trade opportunities give a number of secondary opportunities, enough time to take the FOMO glasses off and produce a sound conclusion.
I dont do any of these and you can just have loads of bad luck to be honest
Hahah talking about them like they are a different species