The Top 7 Trading Tips No One Else Will Tell You. Don't Gamble! 😯
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- Опубликовано: 4 июн 2024
- Trading Tips and Rules for Day Traders www.financial-spread-betting.c... PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! Next, we discuss emotions and how emotions affect your trading. Don't trade when upset; irrespective of this is because of naughty kids or an argument with your loved one. Being emotional when trading is dangerous so let your 'anger' cool off before trading - trust me on this you will save yourself a lot of money in the long run. Redoing.
Also, avoid mobile calls or e-mails when trading - trading is a difficult game and you don't need anything that will make trading harder than its already is. It is very tempting to keep checking your e-mails - by all means have an emergency setting.
Only risk what you can afford to lose. The market doesn't care that you've been on the losing end. If you can't afford to lose it, chances are that you will lose it. Don't compromise your family finances!
Don't Gamble! By all means trade based on methodology/system but don't gamble like looking for the 'thrill' of the 'win'. Understand what your strengths and weaknesses are.
Top Trading Tips Series (11 Videos)
Trading Indicators: Can You Use too Many Technical Indicators? 🤔
• Trading Indicators: Ca...
Should You Take a Break from Trading? The Importance of Exercise and Eating Healthy!
• Should You Take a Brea...
Don't Drink and Trade! 😅 Traders in Tune With Their Body and Mind Make More Money! 😃
• Don't Drink and Trade!...
When Day Trading Always set a Maximum Loss Limit and a Per Trade Loss Cap 😶
• When Day Trading Alway...
Specialize! Either in a Trading Style or Become a Market Specialist 🙂
• Specialize! Either in ...
Not Remaining in the Game for Long Enough is the Biggest Reason Most Traders Don't Succeed 😣
• Not Remaining in the G...
Focus Will Make or Break Your Day Trading Career. No Distractions! 😦👍
• Focus Will Make or Bre...
Swing Trading or Day Trading; The Do's and Don'ts of Trading Part-Time 👍
• Swing Trading or Day T...
Put Money Aside and Don't Go Crazy on Your Spending Just Because You've Started Winning 😃
• Put Money Aside and Do...
The Top 7 Trading Tips No One Else Will Tell You. Don't Gamble! 😯
• The Top 7 Trading Tips...
Day Trading: Don't Try to Squeeze Profits from a Quiet Market 😣
• Day Trading: Don't Try...
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20 years into trading, I am paying my respect to you.
It is so important to receive a reminder of don't does.
And also concurring with others you are a great teacher, thanks for sharing.
This is the only guy I resonate with.... He just simply straight to the point. His advices have helped me a lot.
"only risk what you can afford to lose" it's funny, I thought about that a lot, we all say that but I don't think anyone can afford to lose any money. Perhaps: "only risk what won't make you homeless" might be more accurate haha
Had to hear this, blew up my 3500 account after taking stupid trades. Focusing on various patterns when I know that I am the most profitable on momentum trades that happen within the first hour after market open. Taking a few months away and spend it paper trading with a $500 account and continuing to study. Fantastic tips!
I love your videos! As a young trader I find these videos good food for thought.
Have a good plan and follow it = no fear.
I was reading through the comments and see i made one myself 5 months ago. Maybe that's why i'm already (pretty much) following these rules. We internalize these lessons then forget that we didn't even know them beforehand. Great work, Mark, as usual. Thanks for all your help.
The best or at least one of the better ones on this topic. Highly appreciated.
Distractions used to be a big part of when I traded. I checked my phone, emails, took breaks to look at my phone etc... once I put those all down my trading improved quite a bit!
Great video!
Loved the 5 Tips. Really liked the one about taking a break. Our emotions are in flux 27/7. I don't believe the people who say you have to be emotionless. Being in fear and getting out of a winning trade to quickly is something I see old timers do. This latest pullback in the markets has shifted us all. We're more fearful and that's ok. I was shorting a stock I think it was Wynn on the afterrnoon when the SPY finally bounced. I treated it like a pullback and got walloped. So I'm back to putting in stops. We have to pay attention and always adapt to the new normal. I do Totally agree on the "don't trade if you've been fighting". My son is becoming a pilot and they have a substantial part of their job which is risk management. Their rules I have adopted into my Plan. Friday I broke one of those rules and had a red day. I was tired. Should not have been trading nor flying a plane haha. Great Vid Thanks again mate.
Mark I salute you. Everything you listed down make total sense. Thank you for you invaluable contribution to humanity.
Love.your teaching style. You've been very helpful!
Thanks for always emphasizing how difficult this game is.
Started wahcing your videos, full of truth, gives real picture and keep newbies like us to understand more about the market and keep us within zone rather ping ups and downs.
What a Guy!>>> TOP MAN...your honesty and experience are truly inspiring.....Thank you
You are a very good teacher of trading. Thank you so much.
Thanks for your teaching
ur a living legend i luv these tips
Love the info!
Im getting into trading i watch your videos everyday. Thankyou, i am my own worst enemy need to break myself
Great video!!!!
Mastering your emotions is KEY to trading successfully....
Thank you for sharing your knowledge and experience....
that's a fantastic video, thank you for the video, it was very very useful. God bless you.
Thanks for ur wonderful videos, I learn a lot from u. I appreciate if u make video on how u plan a strategy with example, it will be helpful for many of us. thanks
Thanks Jim !
Thank you
Great video.thanks.
Thx a Ton
Really helpful tips....
I like to compare trading to a video game. A very fast, difficult game with a ruthless and extremely clever AI against you. Thoughts?
This is real sobering advice. The use of the word "sobering" suggest that I am drunk or in an unrealistic mindset.
My only problem is the emails bit. I work in an environment where we're constantly picking up and sending emails. Im still juggling between day trading and swing. Any advice?
Great video
U r just awesome sir.....💥
your videos are so good...
It's a good video.
Thanks
The best and most personable of all
Thank you..
This does not help me. My emotions had nothing to do if a stocks goes up or down. What I want to know is how do you pick a good stock. Do you look at the ratings? At their financials? What about OTC with no information?
Love it
First tip is crucial: "trading after an argument actually signaled the beginning of the end of my acc
good heads up. can you make a video of low risk money management? thanks
have you checked our playlist in Money Management Series - lots of videos on money management there.
can you do a series of videos on how to search for stocks, for example premarket, during the day, before close, after close, etc Also you're one of the best trading videos on youtube so thankyou.
Saving this for future consideration.
U R AAA GOOD TEACHER
Wish this video had been made when I started trading. I lost nearly £17k in 1 week through my ex constantly shouting at me for everything & anything - hence she's now an ex lol
+UKspreadbetting. Thank you! I've learned so much from your videos! I swing/day trade the stock indices, and have an issue with trade entry. In other words, I have a tendency to enter trades too late, or too early and get stopped out even though I'm right on the direction of the trade...horrible feeling! Is there any advice that you can give me on how to correct this. I trade candlestick patterns with stoch lines and I'm working on identifying support and resistance on daily/intraday charts. Do you have a twitter acct? I'll follow you, looking for a mentor...I'm trying to make this a full time thing...
Getting stopped out too frequently could mean your stops are being set too tight. What are you basing them on?
UKspreadbetting my stops are based on a percentage of my account. I've got a small acct and I'm only willing to risk no more than 5 to 7%on each trade... thanks again!
In that case you might want to reduce your trade sizes a bit so as to allow you to have wider stops.
UKspreadbetting ok thanks!
I'll let you know how it goes!
I can confirm arguments are very detrimental to trading or anything involving risk for that matter. Had one with my toxic parents the other day and I lost half of my account when the day before that I was green and feeling quite confident. I am stuck with perhaps one of the worse asian parents in existence. Extremely annoying, arrogant, naggy and with stubborn old fashion beliefs. I find it almost impossible to not be emotional when daytrading whenever she is around and she is always around since we share a tiny space.
what if you embrace losses and WORK on it" MANAGE IT " dont take losses place another trades just to break even or even profit small or great amount ? just like when i trade i worry/plan about my loss 1st thing in my mind i know im gonna lose when i took a position from there i know to manage it like a PIMP/Hustler LOL, If have losing trade i just held it and next thing you know your profiting from that losing trade. its contrarian or Swing what ever you wanna call it it works not all the time BUT at least you have 3rd option not just buy and sell.
Number 4 ... how not be gamble when it's all about gambling? We set stop loss we not sure if price will hit or no... even without stop we still don't know. . We just trade based on possibilities
Thats where the term “trading like a casino“ comes from...allthough you're gambling, you still can make constant profit
Who overthinks things more than this guy 😂
ok
🙏🏻
wish i had a trading therapist sometimes
I never trade after an argument with my mom... standard 🤣😂
scared money all ways loses
So true, on every aspect in life even outside of trading or everything that has risk involed.
No rage chasing ........damn.......
I've been in a fist fight and traded right after, bad decision.
Isn't it interesting that everyone talks about the inabilities but no one ventures to reveal the opposite.
FYI: Watching your videos today when, from over my shoulder, my 34 year old says, “That guy never stops with the sexist remarks!” What?! “Yeah,” she says. “It’s guy this and guy that, never acts as if he knows women and girls are trading.” Never thought about it before so I listened more closely. Hated to admit it. She’s right! My daughter trades a much larger account than I. She had the benefit of me putting her through school. Great kid. Won’t be able to listen the same again. 😳
You're right but our youtube stats unfortunately show that more than 90% of our audience are males! And 'guy' is just an informal way of addressing the audience in any case.
No pun intended I haven't learn anything from your videos,sorry,but any help is appreciated
Sorry to hear that our videos aren't helping you. You might want to check the playlists on this channel or make a search for anything you want to learn about...