What Every Trader NEEDS To Do Before Entering A Trade
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- Опубликовано: 8 июн 2024
- In this video, I explain a mistake that many traders make before entering their trades & what you can do to hopefully stay in the markets, long-term📈
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#trading #priceaction #forex #moneymanagement #stoploss
▼ TIMESTAMPS ▼
0:00 The Mistake
1:21 A Technical Example
3:08 How The Rules Change
3:59 First Reason Why
4:40 Second Reason Why
6:34 Third Reason Why
7:16 What To Do Beforehand
8:14 Random Analogy
DISCLAIMER ►► I'm not a licensed financial advisor & my videos are not financial advice. Trading carries a large risk with the real potential of losses.
www.myfxbook.com/forex-calculators/position-size 👈🏼For forex trades to calculate position sizes
I really like the concept of the poker face. No emotions, no ego, just pure reason and common sense. This concept is honesty more important than any wins you will ever make imo
Thank you.. this is really crucial and I had to learn all this the hard way.. and sadly, most beginners won't value this until they go through it.
Yes exactly, I’d say 90% of people go through this in the beginning before learning the hard way
W koncu trafiilem na kogos kto mowi prosto i z sensem. Dzieki Matt!!
Hey Boss. New general video. Thanks a lot.
I skiped a lot as I don't trade in coins
As one of my mentors said it 10% knowing how to trade and 90% psychology - EMOTIONS
I do not really get how to repay shorts on Binance, that is why I only take longs
Thank You Matt for this insight, very good information. 🙂👍
Thanks buddy!
💯One if my mentors told me that traders should be risk managers first, not profit managers first.
I personally feel like all or any type of trading 101 should have risk management taught right before introducing TA or have it near the beginning. Too many people losing money.
I agree!!
Golden rule protect your account
Can you do a video of regular day trading set of rules? In other words, If all of your points aren't met, you don't take the trade. What are the things you look for? For instance, Trend, S/R, Fibronacci retracements (what level do you normally take profit at)....
Thank you .
The problem with stop loss is that it your SL levels are targeted relentlessly - even when you think you've set them way outside the interest of the market (below or above the long term trend). I see SL as easy money for those who control the markets. I wish I could be convinced of its usefulness. I struggle with SL. I use trailing stops once in profit. I absolutely hate SL. WIsh someone could convince me though.
actually you can understand in other way also .in this example market doesnt go downward as there are no stop losses available as the buyer who purchased in the starting already gone from the market and you can see this thing by using fibonaci retracement also .
use a simple technique IPC ..INTIAISATION PLACEMNT CONFIRMATION .if you are begineer then trade only on confirmation .The market will give you only of your knowledge ,
Love from India
Much love from the US💪🏼
When the next update?
I would really like to see your trading view technical analizis in Dark Mode, this is too bright for my eyes,
White is good for better visualisation
Ego
I know this guy is legit by the first thing he said is "Risk Management" 💯
First 😅
You beat me😳
@@matt_fxs thank you for the reminder matt 😊 this is me sometimes
شكرا💯👍🪻✨🐦🦜🌹🌹🌹🌹🪐🪐🌲