The most important trading video I will ever make (so far lol)
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- Опубликовано: 4 авг 2022
- How to LEARN how to trade. LEARN.
My website! www.imantrading.org
My Patreon: / imantrading
Second channel: / @imantradinglive
Instagram: / imantradingfutures
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My email: imanktrading@gmail.com
Trading platform: ninjatrader.com/GetStarted _
Risk disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
ONLY when you’re ready, if you want to get funded for futures trading like me, TradeDay currently has some of the best evaluation accounts in the entire industry - members.tradeday.com/?aff=iman and get 20% off all evaluations using code: ImanTrading20
so i wonder what happens if i use ' Imantrading100 ' do i get 100% off lol
Where did you learn that, do you have a mentor or just watching the market for thousends of hours?
Dude I’m a us30 trader of the past 6 years and recently found your channel. All I got to say is not only do you genuinely know what you are talking about, but you are one funny guy😂. I’m talking about the little bleepers and funny things you say. Keep up the honest work bro! Love it
Haha thank you!
What is us30??? Lol
@Dtrader671 I beleive its what traders in other countries call the Dow Jones.
suttle humor with a lethal blow to the frauds
I actually did this one accident. 2.5 years of 10+ hour days in front of the charts. One day it just clicked. I can teach my setups to other people, but I cannot teach them how to avoid losses the way I do, because i'm not even certain of how I do it.
As an active trader for the past decade, spending roughly 7 hours per day analyzing charts Monday through Friday. I can firmly attest to the message in this video. 👏🏼
@musicmakercomm Keep digging at it, you'll find pieces of coal that eventually form into a diamond
@musicmakercomm Haha.. that’s funny man. Do you go for only a couple ticks and quickly get out and repeat it everyday or hold for good a few minutes to hours?
@@musicmakercomm8518 the reason you win trades is because you have experience and an edge over the market
What a lie.
What is so unbelievable about that if you're watching a trading video? @@mannyfe
I started trading this year. It’s been very difficult and stressful. Id go as far to say this is by far has been the hardest thing in my life. I have a bachelors in neuroscience so I really appreciate these videos. ❤️
Very cool degree! You might like this video then :) ruclips.net/video/zCB46e5T6E4/видео.html
No joke, I have a masters in cognitive neuroscience and I have been trading for 2.5 years but still not profitable. You are right that this is by far the hardest thing I've ever tried.
The psychology is something I struggled with at the start too, after a while, you will switch that off, the clarity will improve, both on the charts and reading them and also as your amygdala is now no longer blocking your intuition centres. Stress triggers cortisol, insulin and adrenaline, we can't 'feel' when we are in this emotional state.
Contact me via Telegram or Instagram...I would happily guide and provide some key tips for free. I won't charge as other scammers here in chat who do bashing for some Mr and Mrs for Crypto etc
I’m currently studying nursing lol
I guess this is why Mark Douglas preached to start with mechanical trading instead of intuitive. It will take a person a while to get to that point, but in the meantime, mechanical is the only thing left to be consistently profitable.
This is excellent information. 23 years ago I married my Portuguese wife. I had a handful of lessons in the beginning but didn't make much progress. Over the years I have been exposed to the language regularly despite living in the UK.
I now speak Portuguese fluently to the point that sometimes people ask how long have I been in England because my accent is too English 😂 They refuse to believe I never had formal lessons. I would have been faster living in the country, so really the more exposure, the faster the learning curve...
I've been on the trading journey for a little over a year now. As someone who has burned out on all the trading books/videos/etc... and decided to just tune in to naked price action, this is a big encouragement. Thank you.
I thought I was the only in the Internet not buying courses or subscribing to signal services. Not because I discovered the same things you talk in the video early but because I'm just cheap. Of course this forced me to learn things by myself and now I'm grateful for that. After about two and half years unbelievable hard work I'm finally becoming (consistently ?) profitable.
Btw. thanks for these videos. I like them. Refreshing to see somehow similar thinking and things that are not going with the current. And they even make me laugh every now and then.
Real Talk, this *is* one of the best videos
To be honest, a video like this needs to be watched MULTIPLE TIMES, and I don't mean on a continuous loop.
Like once every 3 days, get a few nights of sleep in between, to really let your subconcious be formed to the ideas/truths presented
One thing I have learned about learning is that, even if English is your first language, and you COMPLETELY understand (AND BELIEVE) this message being said, it is very possible that your previous learnings PREVENT YOU from carrying out these new things that you wish to follow.
Some of my best "Ah-Ha!" moments, were when I realized that a statement which I completely memorized and ABSOLUTELY believed to be true & NECESSARY in order to reach consistent trading success, STILL wasn't actually being followed within my actual trading decisions.
Literally the key right here. Nothing beats intuition gained from experience.
I’m not profitable yet either but I have this urge to not quit and see it through. I know it’s coming
Great video
How is it going man?
I disagree about the trading courses. Some people use courses as a mere stepping stone. Even if all I learned from a course was terminology, that still puts me further ahead than I was before. Which is actually quite important for developing that coveted intuition you're talking about. That intuition is built out of all kinds of information sources. Some small part of which, could actually be a course. You're right, no amount of courses will make you a master. But a good course will definitely give you a much needed leg up, so that you're further along the path to finally becoming a master.
true, but also all information given in paid courses is already out there free on yt
Every beginner needs to watch this
Thank you so much for making this video, it was exactly what I needed to hear, hopefully that's not a bad thing. I was starting to think I might be going crazy trying to internalize trading (it seemed logical due to how fast the market moves) as opposed to taking more notes and watching more trading videos; very tiring to do especially after a whole day of watching the real markets.
Any more advice on how to improve is always appreciated here. Thanks again. 🙂
I wouldn't say trading courses are useless more like there are the little important first steps to trading, that if *legit* they give you a bit of direction. Trading course are like the little support you get from your parents when you first ride your bicycle, it assisted you and gave you the confidence to do something new and hard. Yes, most of the work comes from your own hard work, but that small push at the start is necessary.
Having started early on developing trading bots and jumping from one strategy to the next, this is blowing my mind! And it makes sense, of course! I remember my first driving lesson. Took about 2 minutes for the guy to tell me what each pedal does and how to shift gears (explicit memory) and before I knew it I was driving on the street, sweating bullets (implicit memory). I'm still very biased towards extracting rules and putting them into a bot that can not only trade, but do it in terms of passive income, even while I sleep. But then again, I might just be knocking on the wrong door. You're certainly opening my eyes to a whole different way of doing things! I'm very grateful for that!
How does this video not have more views? I guess because its not clickbait and you speak the truth. Thank you for taking the time to make this video! IMO, I think a lot of people watch trading videos for the entertainment and risk aversion or avoidance of spending their own money, but of course a lot of people also do exactly what you said in your video.
Thank you so much! And I think you’re absolutely right.
Thank you so much, I meet with your channel today and I realized of all what you have said, learn trade by trading is the best why of success.
Hands down your best video, I came to this realization very recently. I also like your piano analogy as I'm learn that. You're correct. Sadly I paid for a course, but found more value at my library.
Great Video and it is an important one that could save viewers a lot of money on useless courses. Your humor is delightful and your own intuition into what is going on is pretty amazing.
(Jim Simons may have come the closest in being able to program intuition into a computer).
Mate, I came to this realisation just a week or so ago too. During a webinar about a basic pullback strategy, the chap highlighted what price he would enter at and what sort of price action he was looking for to confirm entry. He knew what he was looking for and where, according to him, a low risk entry would be. That bit of the puzzle can't be taught.
I won't start trading with real money but will be dedicating at least a couple of hours everday to just looking at price action and try to develop an understanding/feeling/intuition for it.
But how do you get that feeling or intuition, do you just look at charts or what?
@@rqarrow4221
Learn strategy and stick to it
I have been bingeing your channel recently after watching a few videos from other channels explaining systems and all the other useless information. I’m absolutely new to trading and I am very happy to have found your channel. After that video I feel like I finally know how to properly get started. There is just one missing piece for me, do you maybe have a video about proper risk management? If I develop the price intuition and have good risk management I should have all I need. It‘s gonna take quite a while, but I‘m glad to have a good source of information (you) to start this journey
Thanks for the video Iman, i like the example you give about learning to ride a bicycle. On the other hand, I don't agree that you have to throw yourself without having a minimum of basics. Trading is all about understanding the context (what is the price action doing) you have to have so much screen time that at some point reading the price action becomes like second nature (like riding a bicycle) . It's like the jazz virtuosos who improvise, but they all start at the base by learning the basics of the instrument (in our case, the basics of price actions). You can only improvise when you have a basic minimum. I advise any beginner to take an interest in the work of Mack, a former student of Al brooks (PATS) or Al brooks (but it's much more complicated and tedious, Mack has created a system that is much less complicated to master technically but which requires a LOT of screentime for price action to become second nature) It is a "system" but which is based on the context more than on this or that "pattern", in short you learn to read the language of the price (price action)Good luck everybody
Brodie has drowned 3x in this life-time. You can hear it in his voice, he's been thru some sh*t and is now just riding it out. Thanks for droppin some gems tho 🙏
I am extremely surprised by this video, in a good way. This competitive programmer called Colin Galen (has a yt channel), talks about learning as well. Nobody else makes a video about learning in general even if it so incredibly important, I personally often pondered how I learned things and how I can IMPROVE learning because that's how growth happens. I would like to thank you for your work, and for this thoughtful video. Hopefully, more people become aware of how learning works and become a better, smarter person in general!
I stumbled on you recently…and you truly resonate with me and what I’ve been thinking/feeling…thanks for the “frankness”
Happy to hear that :)
I wish this was the first video I watched before I started. I laugh on how I used to trade in the beginning using so many indicators and those so called "best indicators". Just show up and after every trade journal your trade. Make a discord channel and track your journey. Through your own trial & error it will click trust me. 8 months in for me and just trading SPY everyday, I feel like I haven't learned much but looking back at my old trades that ii tracked i made some huge progress. Trust the process!!
This is so true, i am backtesting the same strategy for over 350 trades, in the betonning there was bareley any intuition, but now i start to see things better, the same strategy works better after hours and hours of practise
And Its the same for other skills ive practised for years
Another blessed video, thank you Iman this is extremely beneficial!
Wow, great video. I’ve been trading since 2009 and do it full time now and never really realized this until watching this video.
It makes absolute sense. Very well articulated
Thank you very much, and very happy to hear from someone with a lot of experience.
What time frame do you trade on and what is the length of your average trade?
@@5updates686 did you just started?
Most helpful & genuine words.. Love from India 🇮🇳
Good stuff....and the same as nearly all the things i've experienced in life, or at least in this culture i can speak of -- experience over time being "sold" as a system. happens in so many domains, and captures the gaze those looking for a quick fix...and heck, sometimes distilling those years into a "system" really does work for some, for a time, though often not the way it's sold. It's more difficult to sell someone "hey do this thing over a long time" because usually that's actually free.
The weird thing about a lot of these offerings is that they do strangely "work", though many times as inspiration for the person to continue on, and as they continue, they're learning from their own experience. No substitute from just doing it yourself, over, and over, and over. Oh, and good tools do help. The more you get experience, the more you also understand and learn how certain tools really *are* useful (one example i'm thinking about TV risk/reward ratio tool which has helped me *immensely* in staying disciplined in either whether i should enter in the first place, or when to get the heck out).
I sometimes wonder if in many ways we have an unspoken agreement with one another that we really don't believe that the systems will work, but we know that we'll be better off in the end so we're okay drinking the snake oil. Or, in my case, i will "buy in" to many of these looking at them more like an apprenticeship, not a quick fix, so i'm just fine with courses, because i know that i'll use it for a time, and when i got what i've needed, move on, unless i gain a nice community from it (then i do tend to stick around a little longer:)
Thank you . This really opened my mind
I cannot describe how true and beneficial is this
I’m really glad I watched this. Leading my mind!
Amazing video! Honestly this needs more attention. This is like an under the table secret that NOBODY talks about.
"You can't teach intuition"- Saying this would be poison to people selling a trading course.
Thank you honestly eye opening!
The faster you can accept (ego doesn't want to accept being 'wrong') that the trade is going against you and close it out ASAP for hopefully a 'small loss' the better off you will be. Then, your winners will have a chance to allow for positive days, and generally positive (Green) month over month. At least that was one of my problems when I started years ago. I agree, trading is 90% mental/emotional and 10% technical. Best To You All !
Thank you for taking the time on this.
I appreciate youuuu so muchhh for making this video mannn
Good validation for the Nick Shawn approach.
Keep things simple and control risk!
It is one of the best of the video I have ever watched. Great information.
Thank you for your content. Not just good about stocks, but thinking as well.
crazy how similar like-minded ideas we have mate. Gonna watch the video again, you have gift to speak this up, not everyone can describe it like u. Kudos on such an amazing video, weird how YT never show your channel on my feed.
This is very good advise. I started applying the same principles of putting in the time to practice and improve my trading skills after an experience with a video game, which I found almost impossible at first but then, after 100 hours, found myself mastering it; I began to recognise the patterns and develop better awareness. Trading certainly requires more time than that, but that's what it takes to begin to understand the language and circumstance of the charts. My win rate has been improving gradually week on week, just have to grind it out.
Love to hear you say that. I hope everyone else is able to make that connection to video games.
Wow..., this actually IS the most important video you will likely ever make! (I wish you the best of luck topping this one..., it's going to take a lot)! Thanks for putting this together!
You can code intuition, pattern recognition and learning. It's called AI. It can't predict market direction. But it can give you probabilities and that's all you need.
Well. You're not wrong. Been doing this for years and I see that in my trading. Well said. I had to think about it, but its true.
wow new subscriber here BEST trading channel 👏 breathe of fresh air , got tired of all of the same stuff, love your drawings ,great edits and all tike put into ,keep up great job gonna watch all your videos
Thank you very much!
Great work & video Iman. Love the effort.
Love you man , thank you
This stuff is like thinking outside the box.
Time, dedication, practice.
This is spot on, but, well, there’s always anomalies.
And DTND isn’t giving away anything in his course that you aren’t hearing on his free RUclips. But as you know “housing” videos isn’t free and people have been begging him for a course just for more content. He isn’t like everyone else and as you’d expect he’s STILL RECOMMENDING NO SUBSTITUTES for seat time and risk management. 😉
He’s one of the good guys. And who better to learn discretionary trading from than a discretionary trader (one who isn’t just winging it with some system & has a real trade plan to boot). Sorry bro, taking shots is always necessary (and please carry on) but you shouldn’t be saddened by this one, 😂 there’s zero fluff and no lies. That dude is as good of a human as he is a trader. Not that you said otherwise, but there ya have it!
Love your stuff dude!!!
Well said! Spot on.
Def one of my fav videos by you. Trading is in my opinion like 10% explicit learning and 90% implicit learning. More people need to hear this !
Truly incredible video.. i watched somevideos of yours.. you have truley different knowledge ane real edge of trading funda
Great content here, Im up for changing the world. 🙏
This is a good video. I do agree that it is fundamental that in order to trade discretionary well, it takes practice and intuition, But I am at odds with that some of this cannot be communicated. I trade NQ, I have been for the last year and a half. Just now I'm starting to get good at it. What took me a year and a half to learn, I think I could readily explain in under an hour.
Brilliant Video..... Bless you....
I've been actively trading for 1.5 years now and obviously I went through Kruger Dunning's Effect "mount stupid", where i earned a lot of money completely with pure luck, became cocky and lost big part of it. Explicit memory was useful when i learned about position sizing, risk management (which by the way also took quite a long time to implement in practice - now it's like riding a bike - i do it with full automatism) but indeed all strategies and all that crap is useless. You just need to spend thousands of hours on chart. That's it. Obviously I'm still not profitable consistently but I guess it will come at some point. Thanks for your videos - quite a cool channel this is :)
Brilliant video This is the kind of videos help me change the way I look at trading, also reading Mark Douglas book is brilliant so far nearly finished
Thank you so much for this I’ve gotten pressured so many times to buy expensive courses to learn most times I think they’re right but after today I’ll keep working and ignore the others thank you again😊
Amazing video as always. Keep doing what you’re doing 👍🏻
Thank you very much :)
this is probably the best educational video i have ever watched.
Awesome video keep it up !
Great channel! It's very refreshing to see someone not trying to sell some magic bullet and actually giving helpful advice. Keep up the great work 👍
I appreciate that Marty, thank you :)
Indeed, this is your best video. Superb
amazing video, subscribed
This is really the best trading video I have ever watched......
Great video. I like your example about Day Trader Next Door, because his entries always seem sort of random combined with a gut feeling he has. Most profitable traders have been trading for 5+ years it seems.
My personal hang up, as I’ve been struggling for years, is that I don’t know how “possible” it is to become a consistently profitable day trader. What if it’s possible, but in the same way that dunking a basketball from the foul line is possible? Never give up, keep practicing! But what if I’m a sucker just chasing a RUclips mirage? Not sure if likening price action to a language is correct, it could be, idk…or it could be a different language every day, week, or month. People can go from being consistently profitable to consistently unprofitable too.
its very true. my trading indicator that i coded does not backtest well unless it is curve fit. whereas if i use the indicator in a discretionary manner i am able to extract positive expectancy. its crazy stuff
The limbic cortex is the part of the brain where it helps define if something "feels" right or wrong. It's also heavily involved in emotions... Basically, this is why intuition can often be in conflict with fear.
Yes I should code up my system I agree.
Honestly, you have taught me so much. Thank man!
Thank you
Ive bought only 2 courses i never listened to there signals just wanted to learn the fundementals of trading and everything else ive been just watching price action intuition and yea its fun learning the expierience i blew my 1.4k account thoe and im continuing to trade through paper trade and ive been learning everytime trust the proccess i love trading aswell its fun
great video and channel. thanks, subscribed.
I agree I have been trading every day for the last year am still not consistent I kept trying to figure out what is it that can help u become successful and reality it is you ! you have to learn yourself through doing and then through journaling. I started writing down every trade I take why did I take it how did I feel what was the reasoning and review these journals this is how u find ur edge by figuring out what worked with YOU ! am still not offcourse lol
This is a great video, very important for new traders to get this message. I trade futures as well and have been for the past year and a half and it took me around a year and a couple months to be able to find any consistency. Reading price action is the most powerful trading strategy in my opinion and can be applied to every chart you will ever look at. I disagree on the part about watching videos though, I have watched hundreds of hours of Al Brooks and read one of his price action books and that is what got me on the right path of really learning and being able to see price action unfold on the charts. There is a fast track you can take, you have to have a teacher/mentor to do it. It is much harder to do by yourself because you don't know what you don't know.
Plus a master piano teacher will be able to teach someone how to play the piano much more effectively than a teacher who doesn't know how to play or having no teacher at all.
Discovering Al Brooks' price action methods helped me as well. I wouldn't exactly call it a fast track for me, but it's faster than blindly searching in the dark, which is what I was doing before I learned about price action trading.
Saying it how it REALLY is, kudos
This does seem to be the case imo, I have traded 3+ years now and only recently started seeing consistent profitability. However there is a place for tutorials, for teaching basic concepts as you said. My favourite indicator is volume BTW it's a must have imo.
how's ur trading going
Truth shall be told... Agree with this.
Gotta love your titles Iman. Thank you so much.
Haha thanks!
Thank you man 🙌🙌🙌🙌🙌
If it is intuition, do you think we would all be better traders if none of us had access to candle stick patterns, technical videos, courses, strategies, etc. Then we just continuously kept trading every day just figuring it out? Is that why I feel like I’m becoming a better trader not from the books or videos but just cause I simply trade our go over charts? Love your videos thank you for you do. Happy trading :)
Def my favorite video of yours
Thank you!
💥💥💥good job 👍👍👍that’s why the best traders have their own trading system
So should I start paper trading? do I pick one stock and watch it exclusively? should I take notes while watching stocks? (Sorry for all of the questions. This is a new idea to me, but I want to learn because it feels more natural than a course)
Thank bro 💯
Imaan whoever you are, I pray thay you get all what you want in your life, thanks for such honest information which would benefit us a lot, mad respect, God bless you brother 🖤
Thank you so much for the kind words! I wish you the best as well ❤️
It's very useful for traders like me. Always keep watching the clips ka.
This is the best trading channel
A beautiful video. Though I believe there is a balance to strike between "watching videos" and non-communicably internalizing price action. I guess it's similar to asking a teenager to continuously stare at PhD theses hoping that by the 100th one, he would be able to identify patterns and make sense of them.
This could work. Coming from the idea that if you give a monkey a typewrite and enough time, he could write up anything. However, as you stated initially in the video, learning the right tools to help decode the information, or present it in a new light/perspective, might help speed the process of internalizing a non-communicable language.
I’m so glad I found you so early in my trading journey. Thank you for your help. ❤
Goodness - I must reframe in my mind the superb info herein from "a-ha moments" to "revelation" (this, for me, is not hyperbolic) because, well, just because. I implicitly knew most of this, but what I did not have is the organization of it all.
I don't know what one would call the ability - to have the ability - to immediately assemble these facts to make them almost instantly useable - but you did an awesome job in putting it all together, so well that I didn't have to do much work at all in my own mind concerning this. Thank you.
You probably are the most intelligent youtuber I've ever listen and I think you are very young. Good for you!!
That’s very kind of you, thank you! I’m 22
thanks for your videos man
Great video
I hope new traders watch this video before watching anything else.
From the bottom of my heart! Thank you so much for all of your videos!!! I appreciate it big time!