Interviewing a Trend Trader: Take Your Stops or Stop Trading!
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- Опубликовано: 8 май 2017
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Charlie Burton, Trader and Educator interviews Peter Apolostolou. I have been trading since 2003 although I've always been fascinated by trading and investing. PLEASE LIKE AND SHARE so we can bring you more! At the time I read a Vince Stanzione manual and that got me started; I started leading loads of books, trying different things and stategies as well as trend trading and technicals. I made money and lost some money in the process. I thought that I had found the secret with trend trading and then got beaten up by the markets. My mistake was that I didn't always use stops sometimes. It is very painful seeing profits disappear and turning into losses. My current trading style is discretionary.
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One of the best down to earth real life discussions about what really happens to most traders.
Also one of the reasons you want to put stops before hand is so that it takes all the emotion away when the price starts moving.
Stops and moving the stop is my lesson for today.
Unbelievable, I use to work in a hotel in London and this chap was a regular Guest. Had to move his car from the main car park to the overflow car park back in 2002. Really nice chap... car was a Ford Scorpio if my memory serves me well.
Appreciate this. He's being honest and that's what I value. Thanks.
One of the best RUclips channels, for traders. Impressive good work👏👏👏
this is where i am with my trading right now. I started a year ago with four grand and would just buy as many shares as possible and then stop loss at a swing... but when it triggered i would eat up so much money from the mistake. In december after holding a trade for to long and losing almost 400 bucks i pulled all my money from the market... and then raised some capital from ebay sales. I started again two months ago... and now i calculate my position size based on where im going to place my stop loss. Now I'm not flying in a private jet like Timothy Sykes... but I'm happy making 15-20% off of $200 dollars and keeping my W/L at close to 50/50. I love these videos. David Paul and Charlie have inspired me to focus on the mental game, and I know years down the road I will remember all these videos as the catalyst for my learning.
Excellent, enlightening, entertaining and emphatic video. Well done. This is the classic arduous aspect of assiduously applying stops. One must always have the stops not only in mind -- *but programmed on the platform,* pondering trailing stops pursuant to the progress.
Use stops and you will always get taken out by your broker or institutionals. That is not the same as saying you should not have a pre-determined exit price. Always have an exit price when you enter a trade.
what a marvelous interviewer
Yep...some good lessons: ALWAYS use stops, take part-profits at confluence S and R levels, and trail the stop as the trade unfolds with a dynamic measure such as a 30 or 50 SMA. Good stuff...thanks.
This guy is so real. I've been there too
good interview. guy's got a good head on his shoulders
You can also close position manually when it reverses. it’s better than stop order
Very nice interview.. Really feels like watching a movie or something... Really superb quality... Keep up the good work
What I have learned trading is that trading is not Boit winning or losing. It is all about knowing what to do once you win or lose a trade. You must have a strategy that takes into account lost trades so you can recover and get back your money. Well, that is what I do. Second thing i have learned is that take the money and run away once you are in profit do not be greedy because you will lose everything and more.
Great story of becoming a trader. So cool that after all the ups and down over 13 years you still love trading and are more profitable than ever!👏👏
Risk management will help you keep in the forex markets for the long term. Securing your profit with TPs and setting fair SLs to allow your trades to range. Be sure to take a signal / trade with the right lot size allocation so that you don't have large drawdowns..
I just lost 8% of my portfolio due to lack of stoploss before I watched this video
great interview!
I have to admit, almost every time I've been burned bad was when I didn't have a stop in place. You never stop the losing trade where you say you will before you enter the trade.
Nice video of a home grown trader.
This is interesting and not at all uncommon. In my junior years, I was always trying to predict market movements. This is a colossal mistake that ALL traders make. Never assume you understand where the market is going to go. You haven't got the purse power to push it where you want it to go so why are you trying. Let the LP's tell you where the market is going and then hop on board. My system is mechanical. It is never biased and never tells me anything about the market that isn't already happening. There is a way NOT to fight these guys but if I told you I'd have to shoot you lol. I enjoy listening to Charlie. Cheers!
Very real story, love it.
Such a good talk here!
Trend trading is great for mechanical objective trading. Discipline of sticking to the rules is the hard bit.
Psychological and discipline are the absolute most important part of trading. Technical and fundamentals go out the window when you have a weak mind and no plan.
5:23 , the face Charlie makes. Perfect Reaction.
how do you guys deal with market makers and big institutions when you set stoploss?
I feel like I'm where this man was in my trading journey gotta use stops forever now 😂😂😂
He is a genuine trade.
excellent
I doubled my account so many times and blew it the 3rd day, same story as Peters
American traders tell you to stay away from using stops. However, the British trades say the opposite. Is the American market more rigged and volatile?
Not taking my stops is my last barrier to being a profitable trader! 😞
Didn't move stop losses up..... . . . . . .
He used to be called Peter Bagholder. Now, he puts his stop orders.
All bull. If a trade carries risk so does a stop. A stop is but another trade. It is bull to say stops limit risk unless what you mean by limit risk is get out of a trade... Well if course if you don't trade you don't risk... But if you don't risk you don't make. My point : stops itself carry as much risk as any trade.
A stop loss does limit risk. Agree you need to risk some amount of your capital to get the reward. That's the whole concept of risk v reward. If you don't have a stop or a planned stop then you aren't managing risk. Say you go long on the USD/JPY but it starts to drop. You don't have a stop loss and you hope the market will reverse and go back up. You find it doesn't....You're now 20% down. You keep hoping it will go back up. You now need to make 21% just to make a minor profit. On the other hand say, you had a setup with a stop loss of -1% and a target of 3% reward - so a risk v reward ratio of 1:3. With such a set up, the probability is you could lose 70% of your trades yet still make a profit.
Put your stops in so the pros can take your money at easy to recognize levels. They have the volume data and can easily take you out.
It makes sense to get rid of stoploss when you're trading small with a very large account. Say 1 pound per point on a 250k account.
Seems like a lot of you need to seek out professional help for gambling addiction.
You will NEVER MAKE MONEY WITH A SYOP LOSS, Learn to read the markets
The forex graph journey is completely random to the trader wether you win or loose.
95% of traders do not know what Stop Loss are…. there should be more videos about that…. 😅😅😅
I like watching the video's, however, it would be nice to hear from advance trades, traders that risk more than 5% on a trade the professional aggressive traders how makes a quarter of a million dollar with a single trade. they are out there believe me. trading large capital.
Hard to believe people can be profitable using moving averages. Any professional trader should know any lagging indicator should not be used. Also you should not trade the trend. Everything you learn in the text books is wrong. A market has to move for a while before a trend is realised. Ask yourself who caused the trend and why you cannot be a part of it. Why are you getting into the market after the trend has started? you will join when the trend is about to end and this you become dumb money who the pros trade against to exit their profitable trades. its supply and demand and the lever are all over the chart. it is all you need to trade.
20.000 pounds in 6 months?!!! That is a terrible salary. Stick do your day job mate.
Pizza Apostolo :)
He's an IT guy and there's no history to read
If this channel has a different name it would be doing so much better then it is.. Great content, awful name.