“Trading Psychology” is NOT the answer!
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- Опубликовано: 28 июл 2022
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DISCLAIMER: I am not a financial adviser. The videos on my channel are for educational and entertainment purposes ONLY. I'm simply documenting my trading journey so that you have the potential to take ideas and inspiration from the videos that may help you within your own journey. But remember, trading/investing of any kind involves risk. Your trading/investments are solely your responsibility. It is estimated that upwards of 83% of retail investors lose money in CFD trading.
I have to take an opposing view on this coming out of 55 years in the martial arts and a 40 year career as a real estate investor. Try coming out of 40 years of real estate risk management into the currency markets. It's not technical; it's all psychological. And it doesn't take 40 years in real estate. It could be a few years in the military, working as an ER nurse, living homeless or at the financial edge for a period of time, or just having a tough childhood. Psychological issues fully constitute 50%, if not more for a trader, in my opinion.
More of these videos mate! Good to get a new perspective on things.
Lad this is my 2nd video i watched! Show us some of your new vehicles! would love to see it
hello..
100% agree with you mate! People talking psychology this and that. Bro! If you have backtested and know for sure that your strategy is profitable in the long run, no matter how many drawdrown period you have. Just do things repeately, simply as that. You don't even need to think about the next win or loss just execute. Make and keep trading simple, don't make a PHD out of it! Having a strategy that is easy enough for you to repeat and you're set!
So we'll said.. Thank You..
I listened to your trading nut podcast recently Sam, where you spoke about spending 10% of your trading profits to work with a performance coach - speaks wonders for the power of knowing your strat inside out after making such an investment - curious if you still use any of the coaching he offered or what's your final take on that?
That is gem on itself. Thanks.
Definetly agree!
Very good
totally disagree
Teach us how to use 20 daily ATR in intraday strategy
Sam, if you havnt already. Which I’m sure you have. Get Sierra charting software. Program a footprint chart-book and start really understanding inefficiencies in the market place 😌
I disagree with you on this. Try trading Fullsize Crude Oil Futures where the average bar on the 5 min chart has got so big it is worth $500-$1000 per contact. Or when you've had a string of losses in a wildly volatile market conditions and have lost confidence. When psychology is bad & you get paralysed and struggle to pull the trigger. Or you start making stupid mistakes. Revenge trading being a common one. A good strategy is worthless if you can't afford reasonable losses or have lost confidence so Psychology is super important in trading. I dismissed it for years but fear and greed are the two dominant emotions in trading and without good psychology those emotions will ruin you.
This is me I started becoming profitable last 3 months now looking back it’s all experience and a lotttt of backtesting
I agree, its a convenient excuse. Cus if ur strategy had a high win rate with favourable RR ratio, you wouldn't mind and start doubting yourself after couple losses here and there. Its the 14 consecutive loss loosing streak thats gonna have u strategy hopping for the next 5 years.
Investing in crypto now should be in every wise individuals list, in some months time you'II be ecstatic with the decision you made today.