Great advise! Personally I have never taken a lose as you described. The market has always allowed me to average down severely when the market has dipped allowing me to take a profit when the trend reverses even in a short period of time.
This video is 5 minutes long just to say "Cut your losses short, let your winners run". And by the "counter intuition" he got it wrong. I've got my best trades based on intuition. There is no need intuition when you are in the trade, you just follow the plan so even you lose the trade, thank yourself that it was a good trade not a bad a trade. Bad trade I believe is getting your second thought mess with the plan. Second thought kills!!!
aw shutup. Just buy the fucking market if you're that bothered about preaching a 'let profit run' story. if you're sell side biased (most of this guys audience) take your profit, and yes, DO follow your intuition. That is what you do when you learn about trading. You learn to follow your intuition. Counter intuitive, well yes i guess it is. Learn to follow your intuition in a counter in intuitive way, or conversly, just don't frikin bother and go play sqaush or watch de telly yeah.
By the way, I don't think trading is for everyone. People should be smart enough to realize that maybe this business is not for them, and there is no way that you can learn the skills to master it. It's just too complex! You have to be intelligent, counter-intuitive, master of your own emotions...what else?
@pierneus thanks.. i love trading it will only be a hobby..I trade consistently enough that it pays for my food(groceries) your right its not for everyone but i think we should allow the market to decide who is and who is not qualified for this...
the way i handle emotions is very unorthodox basically i dont watch my stock during trading hours...hahaha only the last minutes of close and open... also i put an amount of cash im not afraid to lose ...and when i get more confident i increase or when i lose confidence i decrease the size
@mesa134 Man, I don't think your way is unorthodox, I do exactly the same. Only one suggestion, if I may : don't increase or decrease the amount of cash that you trade purely based on your confidence, do it accordingly to a money management plan, and stick with it. I did as you said last year and it didn't work well. This year, thanks to this system, things are looking up!
Trading has been likened to being a bomb disposal technician! The stresses involved are immense. Here in the UK we are bombarded in the financial press and on financial TV channels with offers to 'trade the markets' by 'reputable' firms. They have to advertise as so many people get wiped out.
You are so correct. Thank you for the post. Trading is the most challenging - self experience I have ever had. It's tougher than grad school....but worth it.
Great advise! Personally I have never taken a lose as you described. The market has always allowed me to average down severely when the market has dipped allowing me to take a profit when the trend reverses even in a short period of time.
manisierra 1 month ago
One has to follow his trading method like a Nazi - blindly and fanaticly.
chickzey 2 months ago
nice video...what is the best market for a beginner to start out with?
Alexlexuspark 4 months ago
Tell me what to do instead of what not to do! Thumbs up if agree, and heard this all before.
phm379 7 months ago
This video is 5 minutes long just to say "Cut your losses short, let your winners run". And by the "counter intuition" he got it wrong. I've got my best trades based on intuition. There is no need intuition when you are in the trade, you just follow the plan so even you lose the trade, thank yourself that it was a good trade not a bad a trade. Bad trade I believe is getting your second thought mess with the plan. Second thought kills!!!
toguNYC 7 months ago
Tell us something we haven't heard a million times before
OriginalAtomicSheep 1 year ago 4
Your voice is very irritating and unbearable!
nassershiraz 1 year ago
aw shutup. Just buy the fucking market if you're that bothered about preaching a 'let profit run' story. if you're sell side biased (most of this guys audience) take your profit, and yes, DO follow your intuition. That is what you do when you learn about trading. You learn to follow your intuition. Counter intuitive, well yes i guess it is. Learn to follow your intuition in a counter in intuitive way, or conversly, just don't frikin bother and go play sqaush or watch de telly yeah.
modelverb 1 year ago
they have to advertise cause the pros need an endless supply of newbies to fund new accounts so they can take their money
MrTmiles10 1 year ago
By the way, I don't think trading is for everyone. People should be smart enough to realize that maybe this business is not for them, and there is no way that you can learn the skills to master it. It's just too complex! You have to be intelligent, counter-intuitive, master of your own emotions...what else?
pierneus 1 year ago
@pierneus thanks.. i love trading it will only be a hobby..I trade consistently enough that it pays for my food(groceries) your right its not for everyone but i think we should allow the market to decide who is and who is not qualified for this...
mesa134 1 year ago
the way i handle emotions is very unorthodox basically i dont watch my stock during trading hours...hahaha only the last minutes of close and open... also i put an amount of cash im not afraid to lose ...and when i get more confident i increase or when i lose confidence i decrease the size
mesa134 1 year ago
@mesa134 Man, I don't think your way is unorthodox, I do exactly the same. Only one suggestion, if I may : don't increase or decrease the amount of cash that you trade purely based on your confidence, do it accordingly to a money management plan, and stick with it. I did as you said last year and it didn't work well. This year, thanks to this system, things are looking up!
pierneus 1 year ago
You got it right my friend
kobrantrade 1 year ago
Trading has been likened to being a bomb disposal technician! The stresses involved are immense. Here in the UK we are bombarded in the financial press and on financial TV channels with offers to 'trade the markets' by 'reputable' firms. They have to advertise as so many people get wiped out.
Great video.
chome4 1 year ago
great job
mnaddour1969 1 year ago
I teach trading techniques and money managemnt but thats nothing without
the self control you talked about,
great information thank you
grecco208 2 years ago
You are so correct. Thank you for the post. Trading is the most challenging - self experience I have ever had. It's tougher than grad school....but worth it.
raybonent 2 years ago 3
Thanks for the feedback! Stick with it, as you said, the rewards are worth it.
djenyns 2 years ago
@raybonent
Very true and grad school does not guarantee a job but trading successfully will guarantee prosperity.
sdgsdf45 1 year ago