I must admit that my driving passion is partially summed up at 9:38, "The power of having your own money work for you rather than working 8 hours a day doing physical work etc (paraphrased)"....He worked for 3 months and made nearly the same amount in 5 days...with way more freedom and less shit from people. This is why I trade and go through the frustrations that a trader will have!
I've learned the hard way. John Carter is 100% correct! I was exactly the same way with a monetary goal in mind and that's when I started making some stupid decisions lol. If you can learn from your mistakes in trading you will become better and ultimately profitable! Just remember patience, self control and execution at the right time!
+Nice Shot, you might like this episode where I interviewed Jared Tendler-mental game coach to world champion poker players: ruclips.net/video/1jlDWSM97ao/видео.html
This is pure gold. You can tell that John is a REAL trader by what he says as opposed to all the malarkey that passes for trading advice on the Net. I have experienced virtually everything John has, except my $1 million trade occurred in coffee futures and I went through almost identical numbers as John's Tesla trade -- immediate jump to $300k profit and the pressure to sell, despite all signs pointing upwards, etc. Great stuff!
This is my favorite episode of chat with traders. I listened to this 60/70 times in the last year and half. Many lessons learned and implemented into my trading.
Absolutely accurate. After realizing that allowing events to unfold is key, concentrating on what you're prepared to risk, and the potential benefits will naturally follow. Maintaining a substantial trading frequency ensures that the probabilities will ultimately manage themselves.
This is great. So many nuggets of wisdom. What he said about patience and not overtrading took me a-painful-while to realize. With aggressive trades on the squeeze setup less trades equals more profits as well as ease of mind
Great interview. So many things I can relate to here, but the biggest point for me is at 21:18 "The sooner that you can get to the point where that you just focus on probabilities and let you go of any emotional attachment to the outcome the sooner you will become a consistent." To many times I have been in a trade and could clearly see in the charts where the probabilities were changing and going against my trade, but I stayed in anyway and hoped the trade would go my way so that I could make that big profit just to end up loosing way more than I should have. Most, if not all, big losses I have had are are exactly for this reason, ignoring the probabilities that are clearly showing the price moving against the direction of my trade and not getting out with small loss just to stay in and take a big loss. This is especially a bad way to think when trading options since you are limited on time for a trade to possible turn back in your direction. Fixing the mindset would drastically improve my trading.
Mark Douglas (RIP) is an educational legend. Great interview! John C has obviously hit the wall (more than once) and seen the light. I'm also currently in the process of mentally re-programming according to the 'Anything can Happen' mentality, accepting probabilities on every position, and thus not attaching emotions to my trades. In other words: Don't hesitate to enter based on your edge (signal / indication), know your risk & most importantly; always apply the risk in the form of a stop loss, otherwise you are simply gambling, and lets face it ... there are more fun ways to gamble then on derivatives and stocks ;)
If you’re making huge gains like that you can expect (sooner or later) to have huge losses. Some of those losses might blow out your account. I’d rather have a steady amount coming in regularly.
So very true. Once I understood that you just need to let things happen, focus on what you are willing to lose and the upside will take care of itself. As long as you keep your number of occurrences in trading high, the probabilities will take care of themselves.
One of the most important factors that you need to consider when you are about to trade with a broker is their regulations. In this case, the Expert Option is certified by the Financial Market Relations Regulation Center. ( t.co/nrdSR4K1J8 )
I don’t trade myself due to how busy I am. I trade with the help of a trade expert, Mr Wilson McEntee. He handles all my trades on my behalf generating high profits for a commission.
James Comm, Mr Wilson is my trade manager. With well over 2 months now I have made millions through him. All I do is track the performance of the trade he handles all the trading process because his strategy in trading is just so profitable and amazing. Mr Wilson is just so professional in this that’s why I let him manage my trades.
Truly enlightening interview for those trying to become dedicated traders! What John Carter is saying just make so much sense. This is a great channel with great inverviews.. Thank you Aaron!
Aaron, mate, these interviews are gold dust. It's like Market Wizards: Reloaded. No doubt they'll be remembered and deconstructed for many years to come like Jack Schwagers stuff has . Keep up the great work.
I agree. The way you setup questions and match your guest is impressive. Very talented. This was 3 years ago and I just saw one of your recent videos and you have gotten even better. 10/10
The excellent part is when his focus changed from making money to making $1 million. It's because he traded with emotion rather than logic and then realized that it was the wrong approach. Love that he mentioned Mark Douglas, who has dispensed very clear advice on being a "Disciplined Trader" (the name of Douglas' book).
dissociate yourself from the money, and what I mean by that is stop thinking of it as a sacred almost personification. Money is just a tool, just like fuel is to a car, the fuel is used to get you somewhere. Money is a tool for society to work. Don't worry too much about losing some money, concentrate on leveraging it as a tool.
@@DannyOvox3 Thank you for these words. I've spotted the Nikkei tight range in 2016 and didn't take advantage of it. I've spotted the consolidation of gold and decided not to trade the break out of the wedge that sent gold to retest the all time high, and so on. I am not there yet, I miss a lot of opportunities that could give me financial freedom I am aiming for, but I store and try to store these missed opportunities in the back of my mind in order to .... one day pull the trigger one of these and make it big. And no, I am no gambler, I day trade and I will never overleverage one of these great swing opportunities even if I see one in the future. I am looking for that sweet spot where price would simply not pullback deep enough and remain in the same direction pushing more and more. Capturing that big move requires (at least for me) one to have seen something similar in the past in order to have enough confidence to enter that trade when the opportunity arises. Anyways than you for your words
Just to add to what Daniel said, do not worry if today you are not able to fully dissociate yourself from money. It is a process rather than one time event. As soon as you get 'used' to trading and seeing your account fluctuate, you won't worry that much at that point.
@@saidtagimouti3575 Exactly. This video from Anton Kreil puts that argument into perspective very well. He was a professional day-trader for JP Morgan, Goldman Sachs, and Lehman Brothers. ruclips.net/video/VTbiFqqlN_g/видео.html
Great to hear how you had a solid group of mentor's. There is no substitute for experience when it comes to trading the markets. That is the beauty of Chat with Traders. He brings the best of the best so you can get mentored from your home. Great work. Thanks.
"I've found that If you have a set up that you can't explain to a 12-year-old, its too complicated"....."my favorite set up is when the Bollinger bands are inside the Keltner channels" lol
The good setups are there on your face 47:37 if your looking longer it means you are trying to force something into it that is actually not there.❤ This is actually my best quote yet in 2024 😢
Great interview. And he gave great advice on simplicity that I will try to implement myself. Boggles my mind that he made 1.4 mil. In one trading session
This is an amzing channel! Great work, keep it up!!! I wish there were more videos like this on trading than the shit we see of a guy trading from his ferarri and telling you how to make 10,000 a day doing nothing.
*Look at the results of my trade without indicators, real account, 93% of transactions are profitable!The basic tools that I use are levels and patterns. Advice for free. Maybe this will help you make money...*
It's been quite a great journey in my Investments,I'm close to growing my ROI to about a million. This would be my first attempt, I was really careful and intent on making more profits than I've made for myself so about 2 months ago I got started investing with a broker team under the certification of FINRA,with an initial start up of $280k which has yielded me an ROI of $730k,am really glad for how far it's growing.
Man,am stuck here in Germany, I thought I would depend on my leave allowance for a while, but expenses are getting out of hand,and trading here is quite futile. So I need all the help I may get.
I was a member in his program and not only do most of his traders lose a lot when they do they dont talk about it and just ignore it. Would NOT recommend simpler to anyone
Patience for right approach.. I made from 10 to 100 then I dream to go to 1000 I don't use to cut my lossing trade because I use to thing if I have made 10/100 I can do so now I have risk taking capacity..
Just come to see this. It's pretty good advice. Only comments I have about options greek (43:42), I think everybody who trade options need to understand at least how the basic and definition of the basic 5 greeks and implied volatility rank. It greatly help you determine your position, expected profit/loss with price movement, time and market "mood", and then you can choose your side you want to buy or sell options (on either bull or bear side).
@JohnCarter , thank you at 11:00 , thanks to you i understood something about my own mistaked. I've been trading for many years and a couple of years back i took a 7000€ account and turned it into 42000€ over the course of 6 months trading european stocks. But i blew the account for about 80% of it all in a matter of weeks, what happenned is I set up a goal of 45k€ to refund a college loan I had. And since that day i started doing bullshit trades, taking leverage, not going out at my usual risk level and blowing the account off. What's amazing is I never understood that setting up a goal was one of my biggest mistake until you explained your own story... Damn i'm glad i can learn from this experience years after... I'm an aggressive trader too, any way I can learn more about John Carter strategies? Thanks chat with traders, keep up the good work
+Michaël G, losing 80% of your profits must have been crushing! Good to know that what John shared helped you to make sense of it all. Cheers for listenin' man!
Michaël G the market has an algo that hits your position whenever you hold leverage products. ....the whole system is controlled, can U imagine if everyone became rich by trading...the world would collapse.
This is one of the high quality interviews. Thanks a lot Arron.
I must admit that my driving passion is partially summed up at 9:38, "The power of having your own money work for you rather than working 8 hours a day doing physical work etc (paraphrased)"....He worked for 3 months and made nearly the same amount in 5 days...with way more freedom and less shit from people. This is why I trade and go through the frustrations that a trader will have!
I think this is one of the best channels on RUclips.
I've learned the hard way. John Carter is 100% correct! I was exactly the same way with a monetary goal in mind and that's when I started making some stupid decisions lol. If you can learn from your mistakes in trading you will become better and ultimately profitable! Just remember patience, self control and execution at the right time!
+Nice Shot, you might like this episode where I interviewed Jared Tendler-mental game coach to world champion poker players: ruclips.net/video/1jlDWSM97ao/видео.html
This is the best JC interview ever. He is relaxed and just spewing pearls. Listen to this multiple times!
Being a Futures Trader myself since 2020; I've learned a lot from this interview. Thanks Aaron!
This is pure gold. You can tell that John is a REAL trader by what he says as opposed to all the malarkey that passes for trading advice on the Net. I have experienced virtually everything John has, except my $1 million trade occurred in coffee futures and I went through almost identical numbers as John's Tesla trade -- immediate jump to $300k profit and the pressure to sell, despite all signs pointing upwards, etc. Great stuff!
+DaveKtver, awesome to know you enjoyed the interview, thanks. And props for the seven-figure coffee trade-that's major!
Thank you. I look forward to more interviews.
so you looking to mentor a trader from the caribbean for free by any chance?
DaveKtver you must be a really good trader. I hope I can get your social media so that I can learn from you. I am interested in commodity futures.
The interviewer is highly skilled and well researched. The questions are super.
This channel is unbelievable I’ve been listening to at least 5 interviews and the value is insane
I've listened to about half your podcast this is Top 3 for sure
+jermaine gregory, pleased to hear it man, thanks!
This is my favorite episode of chat with traders. I listened to this 60/70 times in the last year and half. Many lessons learned and implemented into my trading.
Same here!
Bit much.
What are some others if you could rank them? A millions thanks in advance!!!
@@andranikmilitosian9620 just listen to the podcasts from chatwithtraders episode 199/200 is best trading psychology from best traders put together.
Did u make any money?
Absolutely accurate. After realizing that allowing events to unfold is key, concentrating on what you're prepared to risk, and the potential benefits will naturally follow. Maintaining a substantial trading frequency ensures that the probabilities will ultimately manage themselves.
One of the best interviews with a genuinely nice, honest and informative trader
This is great. So many nuggets of wisdom. What he said about patience and not overtrading took me a-painful-while to realize. With aggressive trades on the squeeze setup less trades equals more profits as well as ease of mind
Great interview. So many things I can relate to here, but the biggest point for me is at 21:18 "The sooner that you can get to the point where that you just focus on probabilities and let you go of any emotional attachment to the outcome the sooner you will become a consistent." To many times I have been in a trade and could clearly see in the charts where the probabilities were changing and going against my trade, but I stayed in anyway and hoped the trade would go my way so that I could make that big profit just to end up loosing way more than I should have. Most, if not all, big losses I have had are are exactly for this reason, ignoring the probabilities that are clearly showing the price moving against the direction of my trade and not getting out with small loss just to stay in and take a big loss. This is especially a bad way to think when trading options since you are limited on time for a trade to possible turn back in your direction. Fixing the mindset would drastically improve my trading.
+Darin Allen, really good to know you liked this interview and many things clicked with you. Thanks for taking the time to listen in!
what statistics do you focus on ?
Mark Douglas (RIP) is an educational legend. Great interview! John C has obviously hit the wall (more than once) and seen the light. I'm also currently in the process of mentally re-programming according to the 'Anything can Happen' mentality, accepting probabilities on every position, and thus not attaching emotions to my trades. In other words: Don't hesitate to enter based on your edge (signal / indication), know your risk & most importantly; always apply the risk in the form of a stop loss, otherwise you are simply gambling, and lets face it ... there are more fun ways to gamble then on derivatives and stocks ;)
This exactly what happened to me. I went from down 8k to up 154k to 180k (+500%+). Tunneled visions 1MiL then lost 115k. I'm now down to +83%.
Oh yeah, this all happened withinn two weeks.
83% up?
If you’re making huge gains like that you can expect (sooner or later) to have huge losses. Some of those losses might blow out your account. I’d rather have a steady amount coming in regularly.
So very true. Once I understood that you just need to let things happen, focus on what you are willing to lose and the upside will take care of itself. As long as you keep your number of occurrences in trading high, the probabilities will take care of themselves.
Did it work?
I need a daily goal or i will overtrade.
this was a REALLY, REALLY good interview on John Carter. Tons of insights. Really experienced approach to his method
John Carter... Warlord of Trading
*Crazy Trading Strategy to make your balance DOUBLE , Check out before any Investment >> **t.co/nxrVq1ATMa** .*
One of the most important factors that you need to consider when you are about to trade with a broker is their regulations.
In this case, the Expert Option is certified by the Financial Market Relations Regulation Center.
( t.co/nrdSR4K1J8 )
Jump, Virginia!
Trading can be really profitable if done the right way!
Your are right! What setup do you trade on ?
I don’t trade myself due to how busy I am. I trade with the help of a trade expert, Mr Wilson McEntee. He handles all my trades on my behalf generating high profits for a commission.
I have been hearing good stuffs about Mr Wilson, how does his trading service work and how can I communicate to him from here in London. Thanks mate.
James Comm, Mr Wilson is my trade manager. With well over 2 months now I have made millions through him. All I do is track the performance of the trade he handles all the trading process because his strategy in trading is just so profitable and amazing. Mr Wilson is just so professional in this that’s why I let him manage my trades.
You can communicate to him through his e-mail at
Wilsonmcentee@gmail.com
best interview out of all hands down. this guy is the best
These interviews are at such an elite level
Truly enlightening interview for those trying to become dedicated traders! What John Carter is saying just make so much sense. This is a great channel with great inverviews.. Thank you Aaron!
+Rodolfo Jesus Gonzalez, glad you dig it! ;)
I watched a class hosted by John Carter last Friday. Followed him into two trades. Very informative. Hopefully they work out.
Aaron, mate, these interviews are gold dust. It's like Market Wizards: Reloaded. No doubt they'll be remembered and deconstructed for many years to come like Jack Schwagers stuff has . Keep up the great work.
38:16 🔥🔥🔥
Put credit spreads/ call credit spreads
Bullish: buy itm call, sell put credit spread
Bearish: buy itm put, sell call credit spread
This is helpful! Thank you
Just by listening to this short clip I changed my style of trading, in a positive way.
love your channel. runs all the time in the background. helps me concentrate.
as well as the chart guys which are awesome too.
Great questions Aaron. You are a good interviewer.
+Imran Bashir - that's very encouraging, thanks Imran.
I agree. The way you setup questions and match your guest is impressive. Very talented. This was 3 years ago and I just saw one of your recent videos and you have gotten even better. 10/10
1. position size 2. think about probabilities, 3. use options 4. structure trades 5. limit potential for better results....
+John Morrison - if it's helpful, you can find a recap of this episode here: chatwithtraders.com/ep-069-john-carter/
This chat with traders was too good
The excellent part is when his focus changed from making money to making $1 million. It's because he traded with emotion rather than logic and then realized that it was the wrong approach. Love that he mentioned Mark Douglas, who has dispensed very clear advice on being a "Disciplined Trader" (the name of Douglas' book).
Great interview, I was just nodding my head the entire time.
I just wanted to say thank you for all the great content on your channel. FN and you are life to me!
wow..54:00 "I woke and I had lost $100000. but alright, it's not what I wanted, but alright......." goodness I can't think at that level yet...
dissociate yourself from the money, and what I mean by that is stop thinking of it as a sacred almost personification. Money is just a tool, just like fuel is to a car, the fuel is used to get you somewhere. Money is a tool for society to work. Don't worry too much about losing some money, concentrate on leveraging it as a tool.
@@DannyOvox3 Thank you for these words. I've spotted the Nikkei tight range in 2016 and didn't take advantage of it. I've spotted the consolidation of gold and decided not to trade the break out of the wedge that sent gold to retest the all time high, and so on. I am not there yet, I miss a lot of opportunities that could give me financial freedom I am aiming for, but I store and try to store these missed opportunities in the back of my mind in order to .... one day pull the trigger one of these and make it big. And no, I am no gambler, I day trade and I will never overleverage one of these great swing opportunities even if I see one in the future. I am looking for that sweet spot where price would simply not pullback deep enough and remain in the same direction pushing more and more. Capturing that big move requires (at least for me) one to have seen something similar in the past in order to have enough confidence to enter that trade when the opportunity arises. Anyways than you for your words
Just to add to what Daniel said, do not worry if today you are not able to fully dissociate yourself from money. It is a process rather than one time event. As soon as you get 'used' to trading and seeing your account fluctuate, you won't worry that much at that point.
@@saidtagimouti3575 Exactly. This video from Anton Kreil puts that argument into perspective very well. He was a professional day-trader for JP Morgan, Goldman Sachs, and Lehman Brothers. ruclips.net/video/VTbiFqqlN_g/видео.html
"The markets are getting hammered." Quintessential John Carter.
You bring great value Iam really glad I found your podcast. Saved my trading life God bless!
+Noahcano Moses, thanks! I'm really pleased the podcast has been helpful for you.
Aaron! if I ever make a Mill, half of its yours!! The information that you provide to us from these interviews is invaluable.
this was an unreal talk, glad i stumbled across it
Your last question and his answer was awesome. well done thanks for the great interview.
+Grant Shuttleworth, glad you enjoyed this episode with John, thanks!
Great to hear how you had a solid group of mentor's. There is no substitute for experience when it comes to trading the markets. That is the beauty of Chat with Traders. He brings the best of the best so you can get mentored from your home. Great work. Thanks.
Aaron you are a star. thanks to take the time to make all these
"I've found that If you have a set up that you can't explain to a 12-year-old, its too complicated"....."my favorite set up is when the Bollinger bands are inside the Keltner channels" lol
My favorite setup also!!
This is gold. I needed to hear this badly
Great
Technical
1. Psychology / Strategy / Plan
Love the hip hop music intro. Trading in the 21st century has become so gangsta.
Your interviewing continues to get better and better
+Ben Delbianco, thanks mate. Still got a long way to go yet ;)
Thanks for the Enlightening me on the BB trading within the Keltner Channel. Great Interview !!! Trading in the Zone is A Must Read.
The good setups are there on your face 47:37 if your looking longer it means you are trying to force something into it that is actually not there.❤ This is actually my best quote yet in 2024 😢
Don’t piss away your capital was such a great lesson
Great interview. And he gave great advice on simplicity that I will try to implement myself. Boggles my mind that he made 1.4 mil. In one trading session
Aaron Thank you so so much for creating this channel!!!
This is an amzing channel! Great work, keep it up!!!
I wish there were more videos like this on trading than the shit we see of a guy trading from his ferarri and telling you how to make 10,000 a day doing nothing.
*Look at the results of my trade without indicators, real account, 93% of transactions are profitable!The basic tools that I use are levels and patterns. Advice for free. Maybe this will help you make money...*
Completly agree. too much bs on the internet nowadays. This is REAL trading advise and experience...
Very thought provoking and insightful, many thanks gents!
This interview is ageless. Has as much relevance today as it did 4 years ago.
Aaron, your series is awesome, and this was another great chat!
+Jon Ahem, I really appreciate it mate.
Please provide English subtitles everytime.
It's been quite a great journey in my Investments,I'm close to growing my ROI to about a million. This would be my first attempt, I was really careful and intent on making more profits than I've made for myself so about 2 months ago I got started investing with a broker team under the certification of FINRA,with an initial start up of $280k which has yielded me an ROI of $730k,am really glad for how far it's growing.
What's your estimated period till the trades are over? And if there are any commissions whatsoever how big is the percentage?
Man,am stuck here in Germany, I thought I would depend on my leave allowance for a while, but expenses are getting out of hand,and trading here is quite futile. So I need all the help I may get.
Manoeuvring the market at this time requires a dedicated heart and a sound mind. With articulate decision making.
I didn't see the pressing importance of a managerial personnel till I saw how crazy the market currently is.
@@turgesten726 Stay safe over there.
Patience , patience, patience .....the take away message. I realized I have no patience .....will heed his advice.
This is an amazing channel! Thank you a lot for the good stuff.
Another informative interviewee lovely.
Man John, I've listened to this interview maybe 5 times already, You are a fkn legend.
best interview I have heard in a while. good use of my time. thank you.
best insights of being a trader ever!!
Incredible insight from an experienced, seasoned and successful trader.
I was a member in his program and not only do most of his traders lose a lot when they do they dont talk about it and just ignore it. Would NOT recommend simpler to anyone
Patience for right approach..
I made from 10 to 100 then I dream to go to 1000 I don't use to cut my lossing trade because I use to thing if I have made 10/100 I can do so now I have risk taking capacity..
Funny when he admits to having zoned out a bit. 19:42. Happens to us all:)
Wow. How lucky I am to find a great channel like this.
+Mark Jackson, that's a very flattering comment-thanks heaps!
really great questions, and interesting guests
I actually happen to be reading mark Douglas' book right now. Perfect timing.
+Sabio Ligula, good one-many traders swear by this book.
Subscribed. After listen to John and Brett. Amazing channel. Thanks alot.
Skip to @45:00 for his setup.
Very interesting.
This is a Great interview! If you want to trade, listen to this interview.
Great video
This interview was super, those are good questions
I have experienced every thing you did and emotions....great interview!
great interview, forever man wow seriosuly thx
gREAT Interview.... where's the best place to learn how to trade w/a small account?
It's a great point. Really Great point.
best episode cz the nb
Just come to see this. It's pretty good advice. Only comments I have about options greek (43:42), I think everybody who trade options need to understand at least how the basic and definition of the basic 5 greeks and implied volatility rank. It greatly help you determine your position, expected profit/loss with price movement, time and market "mood", and then you can choose your side you want to buy or sell options (on either bull or bear side).
Thanks for this mate!
Was so helpful
Awesome advice
Thanks John
Awesome interview, thanks for this video!
+Jesus Gaud - no prob! Thanks for listening.
Love your videos Aaron! So many insights, god bless you.
Great learning.. Thanks John..
@JohnCarter , thank you at 11:00 , thanks to you i understood something about my own mistaked. I've been trading for many years and a couple of years back i took a 7000€ account and turned it into 42000€ over the course of 6 months trading european stocks. But i blew the account for about 80% of it all in a matter of weeks, what happenned is I set up a goal of 45k€ to refund a college loan I had. And since that day i started doing bullshit trades, taking leverage, not going out at my usual risk level and blowing the account off.
What's amazing is I never understood that setting up a goal was one of my biggest mistake until you explained your own story... Damn i'm glad i can learn from this experience years after...
I'm an aggressive trader too, any way I can learn more about John Carter strategies?
Thanks chat with traders, keep up the good work
+Michaël G, losing 80% of your profits must have been crushing! Good to know that what John shared helped you to make sense of it all. Cheers for listenin' man!
Michaël G the market has an algo that hits your position whenever you hold leverage products. ....the whole system is controlled, can U imagine if everyone became rich by trading...the world would collapse.
Fantastic episode
Nice. Great insight to let it run. Those great trades will always show up. Preparedness meet opportunity!!!
28:30 is the gist of this interview.
Lovely!
Aaron, you're doing excellent job but do you plan to interview Anton Kreil sometime in future? He is also renown name in the world of trading.
No please he is a scam
Anton Kreil is too arrogant!
this video is gem
i trade stock equity but the options are super appealing... especialy cuz of the limited risk.
This is a great channel
+CwhatiC, thank you.
I never leave reactions.
But this interview was very very interesting and helpfull for the future
Regards
Great channel! I enjoyed hearing what he had to say about trading.
Agree!!! The best setups are obvious right away!!!....stop staring friends
i thought that was really insightful , and gave me some simple pointers i can use!