Why You Are Not A Profitable Trader | Alb Weekly EP.16

[@AlbertBurgess]

Grab yourself a free trial account for Alpha capital or if you want an account use code "TWENTY" to save - app.alphacapitalgroup.uk/signup/ALB01 - Own Broker - Own Tech - Own licenses to Meta & Ctrader - One of the owners is FCA regulated as a stock broker.

[@AdejosephFX]

I really admire ur style a lot. You have come to make me believe that this trading game is not a get rich quick thing. You dont show off and u dont brag. Your content calms me down because u dont make me feel that u are better than us, despite the fact that u have an edge in the game. Thanks for keeping it real bro. One love

[@AlbertBurgess]

Ayyy big love mate appreciate that and glad the content helps have a fantastic week!

[@MkhokellyMonde]

Everything You Keep Saying Is Making Me Smile. I Love You Brother. This Is What The Trading Industry Needs, People Like You.

[@AlbertBurgess]

Big love right back at you man thanks for watching g!

[@ahmedali111]

Recently just came back from 8% down and now in 2% profit. Your videos have set me straight and kept me consistent keep it up

[@AlbertBurgess]

Love to hear this let’s go

[@ahmedali111]

@@AlbertBurgess update passsed phase 1 🎉

[@AlbertBurgess]

@@ahmedali111 Yessss man lets go brother!!! Keep it professional and go again into phase 2

[@ahmedali111]

@@AlbertBurgess update we only went and passed phase 2 for my first funded account 🎉 you don’t understand the positive psychological impact your videos had on my trading

[@AlbertBurgess]

@@ahmedali111 yooooo this is so sick brother! Big ups yourself man! Thanks for sharing this is what it’s all about 🚀

[@watsofx6073]

I subscribe to a lot of traders channels. Yours Albs is the best by far! The realities of being a full time trader as well as normal family life. Showing these realities motivates me much more than lambo videos. Never stop Albs, appreciated mate.

[@AlbertBurgess]

Big love mate I appreciate you 🖤

[@VanquishHxrryy]

Ur content honestly best in the trading space, the realness is unmatched. Keep it up, I believe you have a lot of potential growing ur channel etc🙏🏼

[@AlbertBurgess]

Appreciate that mate I’m just doing my thing and focused on sharing my journey and content that will actually help people by being real and raw Smash your week! 🖤

[@ArchieNorrisMusic]

Found the comments at the end super insightful regarding an edge getting warn out overtime with mechanical systems, as that's something I'm always overthinking. Great video as always! Lets have a great week

[@AlbertBurgess]

Have a great week mate!

[@owmasters2138]

I had that work conundrum, I honestly moved up to the daily timeframe, I can take the trade at the end of the day and set your stuff up on the Sunday. Now I can do my delivery work at the moment stress free.

[@AlbertBurgess]

Amazing stuff man great to hear!

[@WernerMi]

I've been using 1:1.5RR and I love it. Small drawdown which makes me comfortable to trade on a daily basis. Great content as usual ❤

[@AlbertBurgess]

Ayy love to hear this man! Big ups yourself mate you’ve kept going and kept pushing and you’re levelling up! Have a great week ahead man! 🖤

[@Luckyy__leftyy]

I’ve been contemplating changing my entry model for a while based on getting direction right 80% of the time but my entry point either gets missed by a tick and runs without me or hits a tick above my sl and runs without me and because i use 15M/5M for my entries, once we ch price usually doesn’t come back to the entry and runs without me especially on the 15M. I’m back testing with entering right after the 15M ch closes and so far I’m loving it and in the long run it yields more because I catch more trade. I’ll try it live with 0.5% risk and later increase to 1% once i build more data on its success because of the bigger SL. Thanks !! You really helped me with this video because getting direction right majority of the time and missing trades is way more frustrating 👏🏾

[@AlbertBurgess]

Getting the direction right is just as hard so if you can do that well the entry is likely what lets you down and stop placement

[@MarkHutchinson22]

Awesome episode my dude! Sunday coffee routine watching is now my go to. Love the part about figuring out how far your winners run etc, I think this is something people don’t look at enough, we can move blindly and be holding our winners back, not out of greed but more so out of the potential of the trades. So you could think you’re a “bad” trader because you are in DD, yet you already take great trades but don’t know how to let them run. Year of money brother, love the focus, big week ahead 👊🏻

[@AlbertBurgess]

Love to hear this brother! I hope you’ve been well man! Yeah it’s often so overlooked everyone’s edge is different and some excel but the user fails to perhaps capitalise so wanted to get that out there in the landscape we’re in key to be capitalising on everything. That’s it man we set the intention now to execute on it.

[@Charlie-d4e]

Alb, you said some brokers let you see where all the stops are? Can you please say who these are please????

[@1robjames]

Thanks for talking about the realities of the financial side of trading, really insightful and helpful

[@AlbertBurgess]

Anytime that’s what it’s all about

[@craigcullen6287]

Small wins is the way ! The way I see it is we’re in a bakery. Pick crumbs up off the floor, eventually your gonna have a loaf of bread 🍞 💰

[@AlbertBurgess]

Oooft some analogy this 👏🏻👏🏻🖤

[@direlangrammutla8493]

Love these ! Them monologues are precious

[@AlbertBurgess]

Thanks mate 🙏🏻

[@calproctor6081]

Hey Albert, any update on Elysium and how your account is going? Would love to see more of it as I'm interested!

[@AlbertBurgess]

Hey mate all factsheets can be found online dude

[@a2shiesty1]

Great ep Alb! Just a question, when you were in 9% DD did you reduce risk? And by how much? Thanks!

[@AlbertBurgess]

Thanks mate! Yes so I dropped to half once I went past -7% then increased back up once I got above it the beauty was winning alot more frequently it got me out faster

[@Dean-ei9jv]

Hey Albert. What's going on with Bespoke, do you still recommend them mate?

[@AlbertBurgess]

Hey mate I haven’t mentioned bespoke since November now, every prop carries a risk especially since a few things changed with meta etc so as I’ve said in many videos now I’d be going ftmo or alpha capital the infrastructure they have and the knowledge of the owners is unmatched in the space.

[@Dean-ei9jv]

@@AlbertBurgess Cheers buddy, thanks for your honesty. So many props going to the wall it's hard to know who you can trust. Appreciated.

[@sleep653]

Another video yay!! 😁 What session do you usually trade? London Session been difficult for the pass few weeks and I've been thinking of only trading NY session for the time being.

[@AlbertBurgess]

I trade both London and New York man

[@Tobytrades]

Another great video, with daylight savings is frankfurt 6am for us until the end of the month now and likewise for NY?

[@AlbertBurgess]

Hey man I believe London is 7am and NY is 12 till the end of the month

[@markwathes]

top quailty vid as usual man! ive just recently tweaked my edge and now look at 1:1.5RR. After back testing and going live with it, making more % each month and also taken some of the stress away as i set my alerts and wait. Love watching the videos on a sunday morning an appreciate all the free content you put out.

[@AlbertBurgess]

That’s great to hear mate love that self improvement is what matters and of course so does making money with the opportunities we’re blessed with! No worries at all man glad you take value and appreciate you watching 👏🏻

[@2wenny2]

sick video alb, what camera do you use aswell?, love the way it tracks your face🔥

[@AlbertBurgess]

Thanks mate Osmo pocket 3 bad boy bit of kit

[@2wenny2]

@@AlbertBurgess yhhh i thought it was from the way you turned to your monitor, they look so certi man🤩

[@gfxtrading]

Found myself accidentally watching your weekly videos in-between trading sessions,, lol Some great value your sharing mate, especially for anyone new to trading and looking to go full time etc.. Keep them up, I'll keep supporting 👍

[@gfxtrading]

BTW,, I've also moved to 1;1 recently - its a game changer

[@AlbertBurgess]

Appreciate you watching man! Nice man yeah man it’s super interesting stuff Have a great week g

[@nadz786786786]

Hey Albi good video, I have an edge that plays out sometimes once or twice a week, sometimes 5 times or more, at what stage do you find a new system, I get anxiety waiting for my set up, and when I hit sl I feel I wasted time. Any advice

[@AlbertBurgess]

It comes down to a lot mate what you think trading is and what you deem a “trader” you don’t need to trade everyday to make money but it all comes down to the edge, don’t forget 2-3% a month is solid once you have capital so it’s just finding the best way to optimise to get the capital mate

[@Daviddenn]

Amazing video. You very right, bigger stops might be the way. I’m gonna look into my data and see if some changes can be made. Thanks the hindsight 💪🏾 Keep it coming 🚀

[@AlbertBurgess]

No worries at all let me know how you find it have a great week man!

[@stefanslab]

Keep these coming! Love these sunday episodes !

[@AlbertBurgess]

Will do man thanks for supporting

[@JohnDoe-kx1yt]

Switching from the heavily manipulated fx to futures has improved everything about my trading.

[@devanteocean]

Love this video! It’s exactly where I’m questioning my approach. I often get the direction and framework correct, but my tight stop loss has been causing me to lose money. Adopting a wider stop loss makes me trade less frequently and prevents emotional reactions immediately after a loss, as it requires more movement or time to hit my stoploss when I’m wrong.

[@AlbertBurgess]

Yeah man we can often want to be too right or too perfect and this can lead us to not actually make any money at all, one of the hardest things that many struggle with is taking profit as everyone wants home runs but small wins add up and do wonders for the psyche

[@PapaCuppa]

Been buying these cocoa peanut butter balls from Aldi I randomly saw a while back. Very moreish 😋 That -9 to +2 FTMO, wow. Hats off to ya. One trade at a time. No one actually cares, ain't that the truth. Social media seems to have missed the memo 😂 Great video as usual Al, have a good week.

[@AlbertBurgess]

They sound decent ya no! Thanks man yeah small steps sometimes doesn’t always feel worth it in challenges but it brings in good habits. Facts man have a great week!

[@kieranmalcolm6622]

Love your video bro! I'm also looking at dropping my RR to 1:1 or 1:2 because I've now realised I can make healthy returns with less R, whilst working on the tools in construction. Thanks and have a good Sunday 👊🏾👊🏾

[@AlbertBurgess]

Yeah man it’s very powerful if you have a high win rate have a great week dude

[@akay4856]

I work in construction aswell but I’m at the start of my journey, do you place trades while at work or something you do at home?

[@kieranmalcolm6622]

@akay4856 depends my friend, most of my trades get placed during my working hours. I trade Supply and Demand and I execute on the 15m and 4hr, which means I can place a trade at any time during the day

[@akay4856]

@@kieranmalcolm6622that’s what I’m learning at the moment; h1 ideas with m15 entries. I can make time at work if a set up presents it selfs. Do you use a phone or laptop to enter

[@xRageAgainstMachines]

Thanks for keeping it real as always Albert. It's a shame that I only caught you this month but fortunately I haven't missed too much. Would also be interested in how things go on the Tax side, UK is killing me with the taxes

[@AlbertBurgess]

No worries man that’s me! I’ve covered this multiple times before man best advice get a good accountant

[@MkhokellyMonde]

I Like This Guy, His A Real Fvckin Trader. No Bullshi***. I've Been Following You Since Phantom, I Admire Your Growth It Motivates Me To Also Keep Growing.

[@AlbertBurgess]

Big love mate appreciate the support for so many years means a lot 👏🏻🚀

[@SL-fy4em]

I think i am just like you bro my accuracy of predicting the direction of my trade is bang on point but what has been costing me is not having a wide enough stop loss because you got this psychological block that if i am wrong i want to be wrong with a minimal loss. But enough times the trade slightly pulls back takes me out then goes my way. Those little losses over a week, month etc add up and make a big difference. From now on need to trust in the process and my edge have some belief in my analysis and let the trade breath. But also learn to put your stop loss in a strategic place where it makes sense to you personally to say this trade is no longer valid not in a place because your scared of loosing.

[@AlbertBurgess]

That’s it man end of the day it’s about making money and if you find having smaller stops is the issue then you have to change that as you’re in control of where you put it, nothing wrong with a larger stop

[@gontsemtimkulu3460]

wich car are you driving it looks nice

[@AlbertBurgess]

Just a bmw x3 M man

[@darrjo23]

Best think I ever did was open up the stops, I often now trade with a negative rr and for me it changed everything, my confidence on entries is much stronger. I've always been strong on reading HTF bias but I can't handle being tapped out repeatedly with tight stops, so this was always a major hurdle for me. I have no problem now with a 20+ pip stop.

[@AlbertBurgess]

Love to hear this man that’s what it’s all about at the end of the day 🚀

[@foooeey]

Thanks Alb, another awesome episode. Strong lessons at the end there. Have a great week mate.

[@AlbertBurgess]

Big love always mate smash your week g

[@RobSummers-wh3lu]

What other props are you with man? My dog hates the rain to, his tail goes between his legs. GJ stinking up the gaff hahaha, ffs lol. I defo can't grow a beard man, Sides are the difficult bit for me. My mate said, if you shave where you can't grow it, you'll grow some there lol. You want to go live but you'll get there man, don't rush it, better than a paycheck, remember that!! I love you, love your honesty man. You're always keeping it real bro.

[@AlbertBurgess]

I’m with Alpha, Ftmo, funded pips, funded engineer, falcon fund at current man! Hahah not just my dog then love it! As for the beard thing I did hear about this but it hasn’t worked look about 5 still 😂😂 have a great week mate appreciate the support

[@fxblandy]

I took a change recently and when you said would you rather catch a huge move or consistent small wins hit me, I was going for 1:3/1:4 and felt I was always just sat in a trade that went 1:2 quick then came back to entry and went maybe or stoploss so now I only take 1:2 in and out then get on with your day. Now it’s just about getting max allocation to make more money

[@AlbertBurgess]

That’s it man the aim of the game is get paid and do it long term grow the aum and make even more 🙏🏻

[@C013ain]

hey Albie, love the videos as always. You are absolutely right about what us say, its making money what matters not showing off the big winners. Money is made in the middle they say :) I was wondering, I know u are a long time trader and I saw u taking some B/E in the last month. Have you thought about taking partials off. Like take 75% off when u think u would derisk to BE and just leave a runner, maybe take an other 20% when is 2:1 and see what that 5% does. Those small runners can make some heavy lifting :D I know its not part of ur edge, but maybe its worth have a look into it.

[@AlbertBurgess]

Hey mate thanks man appreciate that! I deffo did think about partials it just tends to really cut the position hence just tping for now and seeing what happens also allows me to risk 1.5-2% if need be and still not be over risking or gambling appreciate the thoughts always good to discuss

[@joesmxthh]

Great content my man, these type of videos will are important 🖤

[@AlbertBurgess]

🖤

[@jdanyonsan1950]

I have been back-testing risk today ... on about 4000 trades across the last 10 years on various symbols - smaller stops DO choke your profitability, science fact :)

[@AlbertBurgess]

Facts man 🫡

[@cldowdall]

Love watching your videos...keeping it real as usual!

[@AlbertBurgess]

Thanks for watching!

[@edgerunnertrading]

respect to you bro

[@AlbertBurgess]

🖤

[@wray109]

Have you got Alpha on copy trading ? Love your channel ❤️

[@AlbertBurgess]

Yes mate Thank you

[@densfaradfx]

can you please prepare a vid on how you know the daily bias

[@JOYTECHSoumitrapathakkingboss]

I ALSO USE 1:1.2 R simple Healthy drawdowns

[@AlbertBurgess]

It kinda blew me away not gonna lie 😂

[@Ben_conduit]

Another sick video!! Took so much from this, Thanks mate 🫡🫡

[@AlbertBurgess]

No worries my brother glad you did! Have a fantastic week ahead man

[@Ben_conduit]

@@AlbertBurgess you too man 🫡🫡

[@markusetter8443]

Love watching your videos: thanks for the work. Are you using also FTMO accounts? And what’s the brand off your coffee machine. Have a fantastic week BTW: I never c someone who has sooo many hair cuts us you do, I guess that’s a world record you holding right there😂❤

[@AlbertBurgess]

Yes mate I am I showed them in the video hahaha. Coffee machine is a breville I think Haha every 2 weeks is standard in the uk I swear 😂😂

[@tarjijones8218]

Great video. It’s hard but agree that a lower R but higher win rate is better for all traders. My average is about 1:1.3 now

[@AlbertBurgess]

Nice to hear man let’s goo!

[@tommo9313]

Love your thought process on these vids mate truly is helpful for us

[@AlbertBurgess]

Love to hear that man glad it helps have a great day mate

[@meech3680]

1:1 make sense bro. when your confidence is low, its a good way to build it back up.

[@AlbertBurgess]

It’s not even the confidence for me it’s more just the fact you make more and less time needed to monitor or spend at the charts keen to see how it performs over the long haul have a good one bro

[@meech3680]

@@AlbertBurgess 💯 makes sense

[@Juniour_Hloni]

My question sometimes is that if you have a job why not just do some research and find a great trading bot and just let it trade for you or join a copytrading trader that is great at trading, because sometimes it can be hard to be great at doing them both. ❤ the videos.

[@AlbertBurgess]

Because you’ll get banned on funded accounts instantly for having the same trades as others hence bots not working for this reason man! Personal is fine if you have capital to deploy! Have a great week mate

[@MillennialFX]

Bro this is so weird, we trade the same, same pairs, same R:R😹😹😹. Just came across this channel, good content.

[@AlbertBurgess]

Haha swear love that have a great week man

[@price_action_labs]

excellent video bro!

[@AlbertBurgess]

Thanks bro hope you’re good

[@JFX000]

Keep posting these videos mate 🔥

[@AlbertBurgess]

Will do always enjoying making them!

[@ahsanc710]

Ramadan Mubarak everyone ❤️

[@AlbertBurgess]

Have a blessed one 🖤

[@ColtFlxme]

keep up the vids g, love it

[@AlbertBurgess]

Thanks man will do!

[@Wolfpacktraders]

Listing all of it. It's good lessons

[@AlbertBurgess]

🖤

[@Ki11ah_pips]

Great content my G 👌🏽

[@AlbertBurgess]

Thanks my bro hope you’re well!

[@TheProfitAdvisors]

Why did you quit Darwinex?

[@AlbertBurgess]

Yeah you clearly didn’t watch or listen to the video in the slightest mate 😂

[@wapren]

great vid

[@AlbertBurgess]

🖤

[@deepakmanwani6456]

Miss your slipper flip challenges man! Hahaha! Good old days

[@AlbertBurgess]

Ayyy a propa OG let’s go maybe I’ll bring it back never landed one unfinished business 😂😂

[@deepakmanwani6456]

@@AlbertBurgess BRING IT BACK! haha. Would love to see it man. Been following you since you started and you were the reason why i joined Phantom. We have come a long way since then. Bless you brother! Love and support always ❤

[@MarroneRosso]

What car do you drive Albs?

[@AlbertBurgess]

Lambo come on man 😂👀

[@MarroneRosso]

@AlbertBurgess 😆 i know mate, was just curious what my man drove. I feel like it's Vauxhall. Love the interior

[@Ben_conduit]

BMW X3 I think lad 🤔🤔

[@mashhud10]

The king of getting out of drawdown you bro 😎😅

[@AlbertBurgess]

Hahahaha I don’t know if that’s good or bad 😂😂

[@nakamora96]

You haven’t touched on the phycological edge of having less drawdown either which is a massive benefit

[@AlbertBurgess]

Yeah it is for sure man

[@VaruRichard]

Mr Albie is there any smallest chance in the world to reupload on notion the “ second brain “ template ?? I will be forever greatfull. Only even for 5 mins for me to buy it and that’s it hahahahaha thanks a lot sir 🙌🏼

[@AlbertBurgess]

Email me and I’ll just send you it mate 🫡

[@VaruRichard]

done 🎉 thanks a lot again. It means a lot man 🙌🏼

[@Samw8484]

Now You are going for a 1-1 rr why don't You just take entries off the Daily or 4H timeframe I guarantee Your win rate will be even better.

[@AlbertBurgess]

Still toying with some things atm but yeah could be the case but eu doesn’t move enough for 40-60 pip stops

[@psr_005]

🖤🖤🖤

[@1robjames]

Yeah my amstaff hates the rain , won't go out in it

[@AlbertBurgess]

Hahaha glad it’s not just me

[@934rex]

🔥🔥🔥🔥🔥🔥🔥🔥🔥

[@AlbertBurgess]

🖤

[@934rex]

I need my ROLLY back 😀

[@AlbertBurgess]

Where did it go 👀 meme coins?

[@Wolfpacktraders]

💫

[@AlbertBurgess]

Let’s go