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47,507 Views • May 12, 2023 • Click to toggle off description
These emotions tend to control the decisions of beginner traders. Especially when they are in trades with live money. But, professional traders have rules for when they exit trades and the reason that pro traders stay profitable is because they follow their rules instead of allowing fear or greed to control their decisions.
PS: I am currently looking for 500 new or struggling traders to mentor for the remainder of 2023 and help them accomplish their trading goals.
PSS: I am also giving a special $500 scholarship for the first 500 students to join us.
If that sounds like you, then check out our all-inclusive mentor program by copying and pasting the link below into your browser!
www.thetradingchannel.com/500off
Views : 47,507
Genre: Education
Date of upload: May 12, 2023 ^^
Rating : 4.856 (92/2,461 LTDR)
96.40% of the users lieked the video!!
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User score: 94.60- Overwhelmingly Positive
RYD date created : 2024-02-19T13:51:13.515438Z
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Top Comments of this video!! :3
Awesome analogy, Steve your knowledge on the market is second to none. You are only making me your prototype as I now begin to see the market from your point of view 100%.
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I feel like the solution for me is to be friends with benefits, aka keep some of the postition on and take some of the position off, instead of commiting to marrying the trade or walking away from what ends up being the dream girl
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Please can you make a video on trailing stops. I have watched most of your videos and you haven't taught about trailing stops and how to use them. I would be very happy if you do it. BTW I just started the 90 day challenge. Thanks Stephen for all your videos, they really helped me.
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Stephen giving life lessons like a random W teacher
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Ok so in This case i exit trade and place a stop order below the current price at a level above or below where I think it will go. Run a Tight stop loss and if market changes direction above previous level and isn’t going where you thought it would, the trade usually will never be activated. Must go through a stop order unlike a limit order which is great for reversals or double tops with wicks. Stop orders will sometimes place trade even deeper than expected unlike a market order which seeks other direction for fill. Markets oppose every order so your crappy entry slippage market order is being sucked up by a stop order that is squeezing points out of your position to fill order.
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I want to Join your class but am not financially Buoyant Steven 😭
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Always Remember: Making Money is Fun 💸
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Ha ha thanks Steven good point.
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I want to join your class Steven but I’m financially unstable considering the fact I’m a Nigerian dollar exchange rate is high
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😂😂 this dude killer
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🤥🤥 I think am victim of this Thanks coach
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Beautiful concept.. I’m a super beginner and rode the wave up on Tesla call and got swept back to shore from pure ignorance!!
I can t wait to master trading!!
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What’s next? Trading without a take profit is like hoping for the first perfect girl you may never find.
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I guess he had a 1 night stand before😅
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Lol just lost a few trades because of that
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@thelivinvibe7960
1 year ago
Insane analogy. What’s next? Trading without a stop loss is like having intercourse without protection.
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