4:29 "Each event is completely random. Anything can happen in the short term. Losing streaks and winning streaks are common, but with a large enough sample of trades the EDGE will eventually materialize."
It's not enough to do technical analysis to have win rate advantage. You have to backtest. It's usually because traders never backtest thats why they lose money in the long run. Even though technical analysis is widely used, theres very few who succeed
That goes without saying. Impossible to know win rate of a system without backtesting and forward testing. Completely pointless to trade a system without testing it
The nearest brick and mortar casino to me is 3 hours and 10 minutes. It is what you would call a "real" casino. They have dozens of roulette tables. The minimum bet at any of those roulette tables is $25 (NOT $5. (Maybe $5 bets 20 years ago?) Assuming you ONLY have $100 to bet, you could place 4 different bets for $25 each. At $25 per spin of the wheel, you could lose your money in about 8 to 10 minutes. Good job!
There is the old say the more you bet the more edge you give to the house.and if you cannot spot the sucker at the table then you are probably the one.
This was very informative but newbies still must realize that the market comes with lots of risks and you could potentially lose all. Secondly, what works for A must not necessarily work for B. Always make correct inquiries before putting your money somewhere or better still, get the services of a pro (that way, you give little room for error get tailored investments and save time). Made my first million earlier this year this way. Good luck!
@Rosemarie Luiz Funny enough, I can honestly relate. It's not as easy as it may sound and requires some sacrifices but it is definitely rewarding. I don't know if I am permitted to go into details here, but her name is "Leah Marie Sandock". Was in the news a lot in 2018. You may look her up for more.
@@chrisbrian433 wow I know this little lady. Once attended a fundraiser she was also in attendance in Vancouver,, Great speaker with a funny accent,, She's American though, I doubt she works with foreigners,,,
@@queenofkatwe3990 This right here is the second time I am coming across this name in a week. Came to my school for a program and it was lit and yes, she has a really cute southern accent.
Great and very informative video. I understand the concept of determining the amount of risk for a trade ( ie. stop loss point) , but how is the amount of reward determined? I don't think an empirical 2:1 , 3:1 etc, for a R:R is practical. Any ideas ? Thanks
Hi..I'm a fan of your channel. Great stuff and very educational. One thing i would like to ask for your favor if you could show how to use your monte carlo analysis. I have purchased the spreadsheet but couldn't get the same result as you show in min 5:23.. thanks
@@FinancialWisdom thank you for the help! Love the channel! Thank you for making videos like this because it’s my learning style and you make things simple and easy!
@@FinancialWisdom my strategy, thanks also your help, is 2/3 growth stocks/crypto. However I am working right no on putting 1/3 into dividends to generate some Cashflow to pay basic bills and want to start now so it really has some impact in 10+years from now.
May I make a suggestion for next video? Stock correlation how to avoid too closely stock make all of your basket.. I personally think there is a big misconception there that lead people to consider shorting the market when it does not go as expected... But I will let you to take care about it! :-)
My Breakout Scanner - bit.ly/3ea6sl8 My Forum - www.financialwisdomTV.com/forum My Strategy Blueprint - www.financialwisdomtv.com/plans-pricing My Brokerage Account (Interactive Brokers) - bit.ly/3UGvn1U Trading Simulator - www.financialwisdomtv.com/shop
You can only become truly accomplished at something you love. Don’t make money your goal. Instead, pursue the things you love doing, and then do them so well that people can’t take their eyes off you. --Maya Angelou....
What is the best way to profit from the current market, meanwhile I'm still undecided about investing $40k in my stock portfolio to get some dvidends and minimize risk
I make huge profits on my investment since i started trading with a professional broker Mrs Stacie Morgan, her trading strategy are top notch coupled with the little commission she charges on her trade. Thanks so much ma'am♥
I thank you for the level-headed financial advice. I started my investment with $3,345 in just a week of trading with her I’ve gotten $7,939 in my portfolio. Thank you Ma'am
The understanding in this content is exceptional. A book with akin insights brought a new depth to my life. "Mastering Money Mindfulness" by Benjamin Hawk
I guess Gann, the world's greatest stock picker, does not agree with you. But you need real wisdom, not mere knowledge, to understand that. Probability is rudimentary mathematics compared to Gann's methods, which were based on superior, wisdom inspired mathematics. What you call an edge, is like a flea's shadow. Probability is materialism/nihilism applied to time.
4:29 "Each event is completely random. Anything can happen in the short term. Losing streaks and winning streaks are common, but with a large enough sample of trades the EDGE will eventually materialize."
It's not enough to do technical analysis to have win rate advantage. You have to backtest. It's usually because traders never backtest thats why they lose money in the long run. Even though technical analysis is widely used, theres very few who succeed
Completely agree, back testing theory has been key to my progress over the years.
How many succeed would you say?
That goes without saying. Impossible to know win rate of a system without backtesting and forward testing. Completely pointless to trade a system without testing it
all that you mention is BS ,,, we should just estimate a positive trade expectancy and trade for 100 times
@@fadialkhoury7765 you are the BS. "estimate" my ass
The nearest brick and mortar casino to me is 3 hours and 10 minutes. It is what you would call a "real" casino. They have dozens of roulette tables. The minimum bet at any of those roulette tables is $25 (NOT $5. (Maybe $5 bets 20 years ago?) Assuming you ONLY have $100 to bet, you could place 4 different bets for $25 each. At $25 per spin of the wheel, you could lose your money in about 8 to 10 minutes. Good job!
There is the old say the more you bet the more edge you give to the house.and if you cannot spot the sucker at the table then you are probably the one.
This was very informative but newbies still must realize that the market comes with lots of risks and you could potentially lose all. Secondly, what works for A must not necessarily work for B. Always make correct inquiries before putting your money somewhere or better still, get the services of a pro (that way, you give little room for error get tailored investments and save time). Made my first million earlier this year this way. Good luck!
facts only
@Rosemarie Luiz Funny enough, I can honestly relate. It's not as easy as it may sound and requires some sacrifices but it is definitely rewarding. I don't know if I am permitted to go into details here, but her name is "Leah Marie Sandock". Was in the news a lot in 2018. You may look her up for more.
@@chrisbrian433 wow I know this little lady. Once attended a fundraiser she was also in attendance in Vancouver,, Great speaker with a funny accent,, She's American though, I doubt she works with foreigners,,,
@@queenofkatwe3990 This right here is the second time I am coming across this name in a week. Came to my school for a program and it was lit and yes, she has a really cute southern accent.
@@queenofkatwe3990 Guess she does. I am neither from there nor do I stay there hahaha.
Excellent video - Few new traders understand the concepts that you present especially the concept of expectancy. Keep it up!
Thanks 👍
Great video as always.
Thanks
9:41 mindblowing
Great and very informative video. I understand the concept of determining the amount of risk for a trade ( ie. stop loss point) , but how is the amount of reward determined? I don't think an empirical 2:1 , 3:1 etc, for a R:R is practical. Any ideas ? Thanks
Thanks Gareth. Great consolidation of basic principles. I wish I'd paid more attention to statistics at school!
You and me both!😉
Cheers from Panamá 🇵🇦
Cheers from Wales!
@@FinancialWisdom great place
Hi..I'm a fan of your channel. Great stuff and very educational. One thing i would like to ask for your favor if you could show how to use your monte carlo analysis. I have purchased the spreadsheet but couldn't get the same result as you show in min 5:23.. thanks
Noted
6:37
One of the best that you have ever made👍
Thanks🙏
How did you calculate the edge? Because 1 divided by 38 is .02631? I don’t know how you came up with 5.26%
Hi Paul, no it is the difference between the two, it's a common mistake by many
@@FinancialWisdom thank you for the help! Love the channel! Thank you for making videos like this because it’s my learning style and you make things simple and easy!
reward to risk ratio is not called risk reward ratio. two to one means the reward is 2 x the risk not the other way around
The problem is when you increase your risk to reward your winrate reduces
Excally.
"Probably" see you soon.
You got it 👍😀
nice video and update my knowledge. Thanks
It's my pleasure
Really love your videos and strategy, thank you and keep it up! Btw, some content about dividends for Cashflow purpose coming?
Sure thing!
@@FinancialWisdom my strategy, thanks also your help, is 2/3 growth stocks/crypto. However I am working right no on putting 1/3 into dividends to generate some Cashflow to pay basic bills and want to start now so it really has some impact in 10+years from now.
dividend investing. Wouldn't that involve a buy and hold strategy which is not what he advises
Im a forex trader and this was really good - Nice work!
Glad you liked it!
what if i told you there is no edge in choosing RR? what if a high RR automatically sinks the WR and viceversa? what if ?
I would say you were misinformed 😉
@@FinancialWisdom what are your arguments ?
@@FinancialWisdom I bet you are not a profitable trader.
May I make a suggestion for next video? Stock correlation how to avoid too closely stock make all of your basket.. I personally think there is a big misconception there that lead people to consider shorting the market when it does not go as expected... But I will let you to take care about it! :-)
Thank you! Very educational and informative.
Question -- Any thoughts/strategies on trading leveraged 3x ETFs?
So long as they are well diversified. Personally I await a minimum 25% correction before averaging into ETF's etc.
Thanks again for the nice video and update my knowledge.
My pleasure!
My Breakout Scanner - bit.ly/3ea6sl8
My Forum - www.financialwisdomTV.com/forum
My Strategy Blueprint - www.financialwisdomtv.com/plans-pricing
My Brokerage Account (Interactive Brokers) - bit.ly/3UGvn1U
Trading Simulator - www.financialwisdomtv.com/shop
Very very nice video sir 👌..
I love your video... ❤️
Thanks and welcome
You can only become truly accomplished at something you love. Don’t make money your goal. Instead, pursue the things you love doing, and then do them so well that people can’t take their eyes off you. --Maya Angelou....
Thank you very much for your education!!
Have a great week.
Thank you! You too!
You keep talking about your personal style, but ended up making 26% returns in the USIC. Odd, very odd.
What is the best way to profit from the current market, meanwhile I'm still undecided about investing $40k in my stock portfolio to get some dvidends and minimize risk
Pls who is this coach that guides you? I’m in dire need of one
I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
RUclips has now added 2 or 3 ads before you can watch a video. C'm on youtube.
Yes a bit much lately...
great video as always, thanks my friend
Thank you.
Thanks for the videos.
Glad you like them!
As always, I clicked the like button before watching the video.Thank you
I appreciate that
I make huge profits on my investment since i started trading with a professional broker Mrs Stacie Morgan, her trading strategy are top notch coupled with the little commission she charges on her trade. Thanks so much ma'am♥
With just a thousand bucks. my portfolio is worth much more now within just weeks of trading with her thanks Stacie.
I'm surprise to see others who trade with Mrs Stacie, i am currently on my 5th trade with her and my portfolio has grown tremendously
I thank you for the level-headed financial advice. I started my investment with $3,345 in just a week of trading with her I’ve gotten $7,939 in my portfolio. Thank you Ma'am
Pretty good. please how can i reach this Mrs Stacie? i want to invest i'm in Taiwan
@@anitalawrence2668 REACH HER ON HER TELEGRAM
Mark Douglas is the only reason as to why you made this video.... And he is an American.....
So what 🙄🙄🙄🙄
Another great video.
Thanks 👍
The understanding in this content is exceptional. A book with akin insights brought a new depth to my life. "Mastering Money Mindfulness" by Benjamin Hawk
Maths.
That sums it up :-)
You lose all at roulette because your line is TOO SMALL.
I guess Gann, the world's greatest stock picker, does not agree with you. But you need real wisdom, not mere knowledge, to understand that. Probability is rudimentary mathematics compared to Gann's methods, which were based on superior, wisdom inspired mathematics. What you call an edge, is like a flea's shadow. Probability is materialism/nihilism applied to time.
100% loose
Great video, Jesus Christ saves! John 3:16!!!
🙏
Sorry, but this was the most pointless video I’ve ever watched.
Then you must know it all.
This is a lot of bullshit and misconception
ｐｒｏｍｏｓｍ 🤭