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This has been probably the Single Most useful video I have ever watched on trading. It teaches so many things (risk management, trade management, stop loss and exit strategy) in such a simple language which just makes sense. Especially, the part about "5 types of trade" and killing your most profitable trade is so true. It has helped me a lot and I can't help but keep coming back to see this. Thanks you for uploading.
most useful info that 99% of these BS youtube videos, all they talk about is how to grow your account and how you can turn 1000$ into millions. What this guy is saying is what i been doing for 6 weeks now, 50$ wins over and over and few 120$s or ... my account is up 33% already
About 80% of the time, I make about 1.5 times my SL and even run into 1:2 RR. but it turns and hit my SL. Proper targeting has been my problem. Just this morning I let 106pips on Brent oil turn into loses and hit my 30pip SL. I'll learn to use this idea very well. Thank you very much.
This is the channel I never regretted to have subscribed to. Tons of useful real life experience presented in an easy and understandable way. But I must say that this video tops all the 100+ I have seen here. Many thanks for making it available to us.
Great video and great interview. Solid, clear and simple. The fact that the guy uses the analogy of trades being as his sons, tells you how deep he thought about the issue.
This was EXACTLY what i did this morning. Had I have held on to what I KNEW would happen on price I would have pulled 50 points. Still had a good day but frankly could have had an AMAZING day and had the rest of the week off!!! Still, tomorrow is another day!
It means your confidence to enter a trade without stoploss. You will become a master of entry when you know you dont need a stop loss. You have well researched your entries.
Just came across this video while looking for some word on stop loss after being stopped out several times in my trades without a loss or very little profit. I guess my impatient was beginning to weigh in on me. After watching and listening the video, was encouraged to know I am on the right track. With my trading experience, I could easily relate to the issues raised in the video.The best video on stop loss explanation and other related issues. Kept it short & simple. Good examples used along the way. It has ideas that are relevant now and then. Was the course of how to identify and handle the five types of trades ever made?
The best way to do it is if your trades have equal SL and TP. If one trade can bring back three losses, then that same trade can take back three profits.
Yes think of it in a mechanical way have a rigid take profit and stop loss and you will be trading like a casino to make consistent profits over a long period of time
if you put your stop losses to strict, you end up accumulating a bunch of losses. that's the way it is, you must risk something in order to get anything.
Moving a stop loss to break even as soon as possible is playing not to lose rather than not to win, you may get taken out on noise before the market goes in your favour.
What a great video. I am getting set up to start swing trading and the advice that you provide here will be part of the foundation that I start from. Again, I have to say, great video, in the top 1% that I've seen. Thank you
Half of people tell you to move to breakeven the other half tell you to accept the risk of a trade. They both tell you it's common sense. Correct money management is different for every person/strategy. Backtest your shit and decide for yourself. Don't just take some confident guy in a suit on the internet's word for it.
You may be an expert trader but I disagree with your method. Agreed the trailing stop loss is a very good strategy to ensure profits and minimize losses but the profits that an average trader can make from this technique are very less. My thinking is that u have to give the stock freedom, if you restrict them (for your short term profits) you are not utilizing their full potential. Keep a fixed stop loss way below, let the stock move freely and eventually you will reap huge benefits if you have the patience.
I always seem to keep raising mine too tightly and get stopped out on a little pause or pullback before it moves up again. Still really struggling w/that one.
How do you deal with stop losses in after hours and pre-market, especially around earnings. Prices can move a lot outside of regular trading hours and stop loss triggers are not triggered
I did just that : I put in a trade on Thursday and it immediately went against me. It kept falling and I got a feeling to get out, but I wanted to "believe" in my stop (something I learned in the past) so I held and I finally got stopped out with a thousand dollar loss by Tuesday. Got to "listen" to those hunches. Believe it or not, we KNOW what's right, but we get stuck on things we've "learned and get screwed. Great video. One for my file.
If you think thousand dollar loss is too big for you to emotionally handle it, why did you put your S/L at that level, even you think the S/L must be there, then you should sized your position. Nothing wrong with what you learned, its how you applied it. Hunch trading for gamblers, they never fold when they on a winning streak and they double down when odds are against them.
Listening to those "hunches" is why 90% traders don't come out alive. The more well defined your system is, your hunch will have no place for good. And we might on some occasion know what's right but most of the time you wouldn't. And your losses will be greater when you are wrong compared to your profits when you would be right. If trading based on hunches really amassed anything, retail traders would be making money all the time.
He is mentions 5 different types of trades, but then talks about 4: goes against you quick, goes against you slowly, goes in your favor slowly and goes in your favor quick. Which is the 5th one?
There is also other kind of trades where the trades goes in your favour and then stops you out and the other is where it retraces almost to your stop and then shoots back.
What would be the drawback of a strategy were you move your stop to break even and let the position run for the entire day or a set period of time (30 min - 1 hour)? A strategy like that seems very unemotional. Place trade, trade goes in your favor 10-15 cents, move to break even, then hold for the big win. Any thoughts? Great teacher. Great video. Great channel. Thanks you in advance.
Your rules are excellent but I think depending on who your spread bet company is I would never show my stop. I would have my mental stop on paper or on my Google drive.. The reason is we have seen so many stops taken out far below the underlying price. I had a couple of friends one trading the DAD USD he had a stop 20 pips down and we watched that stop taken out then back to the normal price action. So just a little observation.. Very common unfortunately.
(if this if forex) find a broker thats STP, that execute market execution because this will never happen. brokerage companies who arent STP and execute instant execution are just betting against you and want you to lose to take your money.
What this guy said is so TRUE...CUTTING WINNING TRADES. Wait a minute is has he been watching my trades???? I cut trades and they keep going non-stop but when I hang on to them they slide down and go against me fuck.
The pullbacks make me s..t myself lol nice I had a nice dive once and it really tore into my account because I jumped in when the market opened big mistake
👉 Trade with our Sponsor Broker: Trade Nation www.financial-spread-betting.com/ccount/click.php?id=95 Trade sensibly! 81.7% of retail investors lose money.
👉 We are seeking more contributors who can produce great video educational content about trading for our channel. If you think you have what it takes please get in touch by sending a message to traderATfinancial-spread-betting.com (remove the AT and substitute by @).
👉 It seems a lot of our viewers are non-subscribers. Make sure to subscribe to our youtube channel as we upload regular videos! If you hit the “Bell” icon (🔔) you will receive a notification on youtube every time that we upload a video on our channel. Bell icon hitters are super fans of our channel 🥰
One of the best and realistic videos you tube. just find low risk entries and keep doing all day, week,month. your account will grow and grow
Yep! Preserve your capital. Make loss avoidance your priority and the wins will take care of themselves.
Are u still profitable?
I don't know anybody watch this video recently, this is really realistic video out there. At first, I did not understand him, he is truly genius.
This has been probably the Single Most useful video I have ever watched on trading. It teaches so many things (risk management, trade management, stop loss and exit strategy) in such a simple language which just makes sense. Especially, the part about "5 types of trade" and killing your most profitable trade is so true. It has helped me a lot and I can't help but keep coming back to see this. Thanks you for uploading.
This is going to be my trading bible. Simple explanation yet profound. Thank you Mr. Mir!
This is one of the best trading videos ever! Watched it several times! :)
most useful info that 99% of these BS youtube videos, all they talk about is how to grow your account and how you can turn 1000$ into millions.
What this guy is saying is what i been doing for 6 weeks now, 50$ wins over and over and few 120$s or ... my account is up 33% already
What do you trade?
How much are you making now....... And did you get a comb for your hairy ass arms with the money?
what is your % gain at now?
Hi, is this strategy still working for you?
They're the one I like
£1 to £1 billion in 1 month
This is the best trading video I've seen in years, excellent advice!
The key is to stay consistent with what he said.
With consistent application it is a game changer for sure.
Commonsense isn't common ,this advise proves that . Truly great advise .
Zak Mir is really good. I met Zak when he was with Sucden in c.1992 and have been very fond of him ever since.
This is a great video! This guy talks sense.
This video is the golden nugget.
I watched this video early last year but didn't really grasp what he was talking about. A year later am back and I can relate everything.
Absolutely practical advice. I wish I watched the video two years ago. It could be a life changer. Thank you Mr Mir. You are the top man.
About 80% of the time, I make about 1.5 times my SL and even run into 1:2 RR. but it turns and hit my SL. Proper targeting has been my problem. Just this morning I let 106pips on Brent oil turn into loses and hit my 30pip SL.
I'll learn to use this idea very well. Thank you very much.
This has to be the single best advice I’ve come across in a while, can’t wait to implement it!
Wow, didn't realize how helpful this video was the first time I watched. Thanks for the upload!
This is the channel I never regretted to have subscribed to. Tons of useful real life experience presented in an easy and understandable way.
But I must say that this video tops all the 100+ I have seen here. Many thanks for making it available to us.
yea the way they think about things is great, their perspective i mean.. it shows their experience
So much of positivity in this video. Zak Mir is a deep guy. Thanks Zak
After ten years still very very relevant .Thanks Zak.
One of the most useful videos I've ever seen on youtube about trading!
thank you...Mr Zak Mir.." invest smart , keep it simple..!!!! "
Great video and great interview. Solid, clear and simple. The fact that the guy uses the analogy of trades being as his sons, tells you how deep he thought about the issue.
Finally, someone answered the question I've been asking youtube for 2 years... Thanks!
Definitely one of the best videos on this channel. Thank you!
This was EXACTLY what i did this morning. Had I have held on to what I KNEW would happen on price I would have pulled 50 points. Still had a good day but frankly could have had an AMAZING day and had the rest of the week off!!! Still, tomorrow is another day!
No-nonsense trading right here ! This guy knows his stuff !
Nice one Zak, great sense as always.
Great video. Took me 8 years to learn. ☺️
Great so I have 7.5 years to go...
Whattt🙁
MrTruth111 8 years to learn trading
Zak is the man who knows the FIVE!!!!
My FAVORITE trading video!
It means your confidence to enter a trade without stoploss. You will become a master of entry when you know you dont need a stop loss. You have well researched your entries.
Wow great advice. This guy knows his stuff. You confirmed something I was thinking about all the time (moving the stops asap)
i exit with RVI just like mark teached me, and its very effectiv
EXCELLENCE, but few so-called traders will really understand what he really said
This is one of the best videos ever for a beginner traitor to watch this man is extremely intelligent
This is the key. I will listen to this everyday. My style
Taking profit is easy, not being greedy is tough
Easier said than done. Institutions spend so much time shaking us out, moving to break even gets you caught most times.
Good point,put stop loss after small profit.....
Just came across this video while looking for some word on stop loss after being stopped out several times in my trades without a loss or very little profit. I guess my impatient was beginning to weigh in on me. After watching and listening the video, was encouraged to know I am on the right track. With my trading experience, I could easily relate to the issues raised in the video.The best video on stop loss explanation and other related issues. Kept it short & simple. Good examples used along the way. It has ideas that are relevant now and then. Was the course of how to identify and handle the five types of trades ever made?
Hi Mr Zak, I really like the analogy of the children. touche'. hhhhh spot on what you said. excellent video thank you.
Excellent video! I swear I always prefer when a UK citizen explains something to me over anyone else in the world.
The best way to do it is if your trades have equal SL and TP. If one trade can bring back three losses, then that same trade can take back three profits.
Yes think of it in a mechanical way have a rigid take profit and stop loss and you will be trading like a casino to make consistent profits over a long period of time
Lol.. the fact that I’m in a trade in a trade right now and I can’t stop looking at it is funny 😂 Walk away boy!! 😂😂
if you put your stop losses to strict, you end up accumulating a bunch of losses. that's the way it is, you must risk something in order to get anything.
Moving a stop loss to break even as soon as possible is playing not to lose rather than not to win, you may get taken out on noise before the market goes in your favour.
Great advice... I listened to this more than one
wow...this is some really good insight. Im in the process of trying to execute exactly this consistently.
Loved the plane and child analogy,.😄
this is a great video , straight to the point , basics are everything
Absolutely solid advice, I've experienced everything that he has said.
Very useful. About to watch again. Thanks.
Great advice. I wonder if Zak put together a course on those five types of trades. Golden words on money management.
Eye opening for us beginners. Very good explanation Sir.
What a great video. I am getting set up to start swing trading and the advice that you provide here will be part of the foundation that I start from. Again, I have to say, great video, in the top 1% that I've seen. Thank you
Best trading Advice EVER!
Pure gold right here.
This is great! Truly practical. And actually possible to apply.
This is excellent advice and makes complete sense.
Great simple comments.
I love these interviews!!!! So much sense!
Best advice ever on stop loss
This guy makes a lot of sense
Excellent advice, thank you
Absolutely love this video; thank you.
Awesome video, excellent advice...Thank you Sir.
Half of people tell you to move to breakeven the other half tell you to accept the risk of a trade. They both tell you it's common sense. Correct money management is different for every person/strategy. Backtest your shit and decide for yourself. Don't just take some confident guy in a suit on the internet's word for it.
You may be an expert trader but I disagree with your method. Agreed the trailing stop loss is a very good strategy to ensure profits and minimize losses but the profits that an average trader can make from this technique are very less. My thinking is that u have to give the stock freedom, if you restrict them (for your short term profits) you are not utilizing their full potential. Keep a fixed stop loss way below, let the stock move freely and eventually you will reap huge benefits if you have the patience.
Great video, big fan of Zak
I don't know what it is but he has ....got ....it!
Thank you for the video.
I exit half qty when i feel scared of reversal and for rest half qty trail SL to breakeven and let it run till i get 1: 4 RR
Thank you
2:09 - 2:12
I always seem to keep raising mine too tightly and get stopped out on a little pause or pullback before it moves up again. Still really struggling w/that one.
Great guy, very realistic advice.
How do you deal with stop losses in after hours and pre-market, especially around earnings. Prices can move a lot outside of regular trading hours and stop loss triggers are not triggered
Great vid, excellent information, subbed!
Moving SL or tp screws with statistics and probability
GREAT VIDEO THANKS! PERFECT
how quickly should i move my stop loss to my buying point ?
I did just that : I put in a trade on Thursday and it immediately went against me. It kept falling and I got a feeling to get out, but I wanted to "believe" in my stop (something I learned in the past) so I held and I finally got stopped out with a thousand dollar loss by Tuesday. Got to "listen" to those hunches. Believe it or not, we KNOW what's right, but we get stuck on things we've "learned and get screwed. Great video. One for my file.
If you think thousand dollar loss is too big for you to emotionally handle it, why did you put your S/L at that level, even you think the S/L must be there, then you should sized your position. Nothing wrong with what you learned, its how you applied it. Hunch trading for gamblers, they never fold when they on a winning streak and they double down when odds are against them.
Listening to those "hunches" is why 90% traders don't come out alive. The more well defined your system is, your hunch will have no place for good. And we might on some occasion know what's right but most of the time you wouldn't. And your losses will be greater when you are wrong compared to your profits when you would be right. If trading based on hunches really amassed anything, retail traders would be making money all the time.
He is mentions 5 different types of trades, but then talks about 4: goes against you quick, goes against you slowly, goes in your favor slowly and goes in your favor quick. Which is the 5th one?
the 5th which goes no where... almost sideways...
There is also other kind of trades where the trades goes in your favour and then stops you out and the other is where it retraces almost to your stop and then shoots back.
Goes nowhere , in other words sideways
Thanks 😊
Such big nuggets here
What would be the drawback of a strategy were you move your stop to break even and let the position run for the entire day or a set period of time (30 min - 1 hour)? A strategy like that seems very unemotional.
Place trade, trade goes in your favor 10-15 cents, move to break even, then hold for the big win. Any thoughts? Great teacher. Great video. Great channel. Thanks you in advance.
what if they never go your way? Always incurring small loses etc...
Your rules are excellent but I think depending on who your spread bet company is I would never show my stop. I would have my mental stop on paper or on my Google drive.. The reason is we have seen so many stops taken out far below the underlying price. I had a couple of friends one trading the DAD USD he had a stop 20 pips down and we watched that stop taken out then back to the normal price action. So just a little observation.. Very common unfortunately.
(if this if forex) find a broker thats STP, that execute market execution because this will never happen. brokerage companies who arent STP and execute instant execution are just betting against you and want you to lose to take your money.
What this guy said is so TRUE...CUTTING WINNING TRADES. Wait a minute is has he been watching my trades???? I cut trades and they keep going non-stop but when I hang on to them they slide down and go against me fuck.
The pullbacks make me s..t myself lol nice I had a nice dive once and it really tore into my account because I jumped in when the market opened big mistake
very very helpfull, thank you
Thank You!
Very ,very ,very good video
well explained sir
Excellent video!
I wonder how true it really is with the children part
That is the best one. The fact that the guy uses that analogy, tells you how deep he thought about the issue.
Great channel 👍🏻👍🏻 subscribed
Thank you for chat with you in RUclips
Sound advice.