@12:16 Your answer to this question lines up pretty much perfectly with my personal trading experience. When I just started not long ago, I started Sim trading and I just did a massive amount of trades a day thinking more trades meant more experience and learning. When I went to live trading, I kept the habit of doing lots of trades each day and that burned me badly. Now only a few weeks later and I have had multiple green weeks just trading a max of 5 trades per day.
Thank Matt. Great stuff as always. I liked you answer to trading ES and independent of the SPX. Would you consider it indirectly related to SPX and keeping tabs on the big six, APPL, MSFT, AMZN, etc. and the the 10yr helps or do you see those as a hinderance? Again, thank you!!
The other large Component to price levels being respected... Options are sold and hedged against at the 5s 10s, and 100s. Far dated options don't even have strikes in between 5 strikes.
matt was just wondering what your edge in trading is or what you belive to be your advantage in trading do you think you need and edge to become a consistent trader i think alot of new trader like me wonder this.
sit and watch the market as in literally just watch the candle sticks? I am all for that but I didn't suspect it to be as important as you say! I must be weird because that does sound interesting to do and if it actually is useful, then thank you for that insight.
More watch the price movement rather than looking for candle patterns. Watch how it moves up and down, how it behaves when it reaches the different levels, see what levels get retested on the day etc.
Hello Matt, your videos helped me tremendously in my trading journey. Afters spending countless hours staring at charts I‘m currently taking an evaluation with a prop firm to get a funded account, but I have a problem: My confidence while trading sim is unmatched and I am consistently proftable BUT when I am trading on the eval acc I get really nervous and emotional. I close trades too early, move my SL, just too jittery in general. I see a great setup, but then enter with the Sim acc. I see another setup, I again trade with the Sim because I dont dare to use the Eval or I just sit there and watch while the price drops like a stone. How do I desensibilize my brain to trade the eval as if its a sim? I thought about not having the Sim as an option as if I want to trade, I HAVE to use the Eval acc. What do you think? Thank you.
Exposure therapy is the way to go in my opinion. You can't get used to something without doing it repeatedly. Also, accepting that you will lose and that it's inevitable and completely fine. What's the worst that could happen? You'll fail the eval, not the end of the world is it? Then you can do it again and again, and it'll start to feel normal pretty quickly. Just treat it as a learning journey and have the main focus on getting better and not making money, you can fail at making money, can't really fail at learning and getting better. Good luck!
@@NimThree Thank you, I was thinking about it the same, but was not sure of it. The thing with the eval is that it could be potentially lifechanging more income for me, so thats why my mentality gets flipped upside down, but yeah, I just gotta toughen up my brain to get used to the situation. Thank you for reassuring me :)
@12:16 Your answer to this question lines up pretty much perfectly with my personal trading experience. When I just started not long ago, I started Sim trading and I just did a massive amount of trades a day thinking more trades meant more experience and learning. When I went to live trading, I kept the habit of doing lots of trades each day and that burned me badly. Now only a few weeks later and I have had multiple green weeks just trading a max of 5 trades per day.
Love the content thank you
Thanks heaps for answering my question Matt! Much appreciated
Thanks for the QA Matt!!
Thanks for watching HR!
I trade with iron beam never had any issues
Watch almost all your videos...
Really appreciated your honest approach..
I want to know ur opinion on trading 1 pair and one session ??
Tanks
Explaining the average makes a little of sense; if price hits 4103.50 and then 4101.50 you consider it at 4102.50. Thanks for the explanations!
Thank Matt. Great stuff as always. I liked you answer to trading ES and independent of the SPX. Would you consider it indirectly related to SPX and keeping tabs on the big six, APPL, MSFT, AMZN, etc. and the the 10yr helps or do you see those as a hinderance? Again, thank you!!
The other large Component to price levels being respected... Options are sold and hedged against at the 5s 10s, and 100s. Far dated options don't even have strikes in between 5 strikes.
matt was just wondering what your edge in trading is or what you belive to be your advantage in trading do you think you need and edge to become a consistent trader i think alot of new trader like me wonder this.
sit and watch the market as in literally just watch the candle sticks? I am all for that but I didn't suspect it to be as important as you say! I must be weird because that does sound interesting to do and if it actually is useful, then thank you for that insight.
More watch the price movement rather than looking for candle patterns. Watch how it moves up and down, how it behaves when it reaches the different levels, see what levels get retested on the day etc.
hey matt just wondering how long it took for you to become profitable. thx for the vid
Thanks Avalon,
I was technically profitable my first year, but barely. Year 2 was definitely better but I would say consistently profitable by year 3.
Hello Matt, your videos helped me tremendously in my trading journey. Afters spending countless hours staring at charts I‘m currently taking an evaluation with a prop firm to get a funded account, but I have a problem: My confidence while trading sim is unmatched and I am consistently proftable BUT when I am trading on the eval acc I get really nervous and emotional. I close trades too early, move my SL, just too jittery in general.
I see a great setup, but then enter with the Sim acc. I see another setup, I again trade with the Sim because I dont dare to use the Eval or I just sit there and watch while the price drops like a stone.
How do I desensibilize my brain to trade the eval as if its a sim? I thought about not having the Sim as an option as if I want to trade, I HAVE to use the Eval acc.
What do you think?
Thank you.
Exposure therapy is the way to go in my opinion. You can't get used to something without doing it repeatedly. Also, accepting that you will lose and that it's inevitable and completely fine. What's the worst that could happen? You'll fail the eval, not the end of the world is it? Then you can do it again and again, and it'll start to feel normal pretty quickly.
Just treat it as a learning journey and have the main focus on getting better and not making money, you can fail at making money, can't really fail at learning and getting better.
Good luck!
@@NimThree Thank you, I was thinking about it the same, but was not sure of it.
The thing with the eval is that it could be potentially lifechanging more income for me, so thats why my mentality gets flipped upside down, but yeah, I just gotta toughen up my brain to get used to the situation.
Thank you for reassuring me :)
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