Hey guys! Today, I'm launching a video series about how to actually make money in the markets. This is the first video.
At this point, it's a cliche, but I'll say it anyway: The first step to making money is not losing money.
So many people lose money by committing unenforced errors. This video is simply about helping people see the obvious mistakes they are making, from the perspective of a professional trader who's been at this for 6+ years.
One note: when talking about leverage, obviously with FX you may want to use some leverage because the %ATR is so low. But keep it under 10x.
In the following videos, I will touch on:
- How to understand trading any market on any timeframe - The basics of how to make a trade decision - Simple strategies I know work, and have seen work over a long period of time
Hopefully you find this useful. LMK in a comment!
-AW
Komen
⋅
Hey All! Here's the total video list so far:
Video 1 (this one):
Komen
⋅
Video 2:
Komen
⋅
hey! seems like a bunch of new people are watching this now for the first time. just curious - was this linked somewhere? Let me know in the comments!
Microsoft edge on MacBook. You are one of a kind. ;)
Jokes apart. This is pure gold. Lots of people come to me with statement like I have studied some technicals and I want to trade with high leverage. Do I have any indicators for that. I don’t know what to say. I just say NO.
PropNotes
⋅
@HeWhoMustNotBeNamed, LOL What's wrong with edge on a mac?? I hate how safari handles bookmarks 🤢
NAK1987
⋅
Love it ~ Especially the UniDex example for leverage . Look forward to the rest.
Personally for me , so far . Repeating the same process, but also diligently tracking your expectancy of that process is pretty important and I calculate the expectancy a bit differently than the standard formula ( average "blocks" of reward per trade vs risk ) . There is obviously so much more but this is one detail that really has helped me and helps me to overcome regency bias and keep consistent .