What You MUST Know In Your 1st Year Of Trading

Many new optimistic stock traders jump straight into trading the markets on the assumption that they can make money. Perhaps believing they have the skills that others have not. The reality is however that many new traders fail because they are unaware of the market cycle, they have unrealistic expectations, or they fall short on some of the very basics.
Hopefully this video can be a good starting point for new traders, or perhaps a reset for traders who have yet to turn a consistent profit.
Links:-
My Brokerage Account (Interactive Brokers) - bit.ly/3UGvn1U
25% Off Stockopedia - bit.ly/2YIcAIn
Risk/Reward trading spreadsheet - bit.ly/3ea6sl8
My Trading Spreadsheet/Calculator - bit.ly/3ea6sl8
Technical Screener - bit.ly/3ea6sl8
Back test software - bit.ly/3ea6sl8 (20% Discount code FWSDM)
My Breakout Scanner - www.financialwisdomtv.com/ser...
My Forum - www.financialwisdomtv.com/ser...
FREE Trading Tools/Software/Stuff - bit.ly/3ea6sl8
My Strategy Blueprint - www.financialwisdomtv.com/ser...
Edgewonk Trade Analysis Software - bit.ly/3xS6S7s Coupon Code = FWISDOM
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As a long term investor/trader I have consumed hundreds of financial books and endured countless hours of self education. My hope is that this channel will reduce the learning curve duration of many aspiring investors by providing the key information in a concise and enjoyable manner.
I also offer a paid subscription service for those looking to see all my investment decisions.www.financialwisdomtv.com/forum

[@FinancialWisdom]

My Brokerage Account (Interactive Brokers) - bit.ly/3UGvn1U Back Test Software - bit.ly/3oO1exN My Breakout Scanner - bit.ly/3ea6sl8 My Forum - www.financialwisdomTV.com/service My Strategy Blueprint - www.financialwisdomtv.com/service Stockopedia 25% Discount - bit.ly/2YIcAIn Trading Simulator - www.financialwisdomtv.com/shop

[@HumbertoSIn]

After 2 years of day trading I finally completely understand this video, thank you.

[@FinancialWisdom]

Great to hear!

[@MPlain]

1) Slow down 2) When you fire up your chart. Do not worry if you do not get a piece of this move happening right now. The fear of missing out mindset will cost you $ far more times then make you $. Consider this inactivity to be a guaranteed profit, because..... it is. 2) Plan out your trade carefully. When do you get in? Why? When do you get out for better or worse? Why? 3) Wait for the conditions of your trade to be met. PATIENCE is the #1 reason people lose $. You are your own worst enemy in trading. Even when i knew what i was doing. Getting past that first FOMO trade was big. Slowing it down and waiting for it is what took me from being a losing trader to a winning one. You do not need the whole move. You do not need every move. You do need a trustable and reliably consistently profitable set of rules that you stick to like they were religion. 10 pips a day will change your life. yes...more is welcome. but aim for 10 and if you get more great.

[@FinancialWisdom]

Spot on

[@mehrdadmithra9591]

Exactly one year ago one videos in this chanel made me interested in trading. Now after one year of some experience trading I've exactly seen all the things mentioned in this video specially common mistakes ! .This video is Very impressing for me,. I'm now exactly dealing with the last tings mentioned in this video. Seems to me almost every trader has to go trough this complicated path. Thank you for high quality video,its really helpful and fun to watch.

[@FinancialWisdom]

Thanks 👍

[@7rang.]

There are only two channels on English-language KZbin that I watch to the end. This is your channel and trading rush.

[@FinancialWisdom]

Thanks 👍

[@ClownTrader1]

The pictures of the yr1, yr2 traders are so accurate lol. I was SO angry and miserable my 2nd yr of trading.

[@ffaizalmajid]

the best channel for traders. I've been a subscribers for few years. watched most of the videos in this channel. the only channel that tell the truth about trading. no wonder it is called financial wisdom. great work! i hope one day i'll meet you in person.

[@FinancialWisdom]

Appreciate that, thank you 🙏

[@tomallison4103]

Good stuff, a always!

[@FinancialWisdom]

Thanks 👍

[@AlessandroBottoni]

Great video! Kudos!

[@FinancialWisdom]

Thanks for the visit

[@nwaleed01]

This is great video and must watch for any new trader. 2 years ago i started with Canslim style and i wanted to be a hero in 3 months. I totally understand now that it takes 2 years (at least) to build a sound process .. then start fine tune it year after year

[@FinancialWisdom]

Thanks 👍

[@jthiriot]

Very high quality content! Beginners : years of trading experience condensed in 7 minutes. It took me nearly 2-3 years of failures to understand what is described here. MEGA high value shared here. Money/Risk management shall be focused on FIRST before any kind of indicators or setup-up or grail-signal. Thank you for this video 👍

[@FinancialWisdom]

Glad it was helpful!

[@ferblancart8669]

I entered the market just 3 days before the correction, man what a month has been, net loss but the noobie mistakes I made hurt more than the money gone. Stupidest thing is I entered with mindset of long term and not timing the market investing in "layman" well researched stock ...which mostly did well but I couldn't handle the red and went out to cut losses, if I had rebought them i would have now a net profit, noob i am

[@tianxia4092]

I've been watching your videos for a few years now, nobody focuses on the fundamentals of trading quite like you.

[@FinancialWisdom]

Thanks 👍

[@Biceps_Mou]

Great video to focus on the pyschological / expectationa aspect of trading success! I also really like your trading system, combinig fundamentals, technical set-up and momentum. Disclaimer: I am subscribed to the Financial Wisdom trading community and very happy with the process . So much learned already and progress made.

[@FinancialWisdom]

Thanks Biceps 💪

[@gavittushar2959]

Bro forex for trading stretegy?

[@rexriyas]

Hi bro , I wish to know how do you make such great videos. I wish to learn it, how do I do. I am serious

[@BioInsight_Lectures]

My early mistakes @3:08 Btw, thankyou for nice content as always

[@FinancialWisdom]

Thanks 👍

[@wannabemgtow2540]

I've been Trading for about a year and a half and this video is extremely well made for beginners. The best quote was Trading is a marathon never treat it like a race

[@FinancialWisdom]

Thanks 👍

[@bulltraderpt]

Trade your psychology not what some trading gurus teach. I scalp as this suits my personality.

[@williamkz]

Loved the egg on Cathie Wood's face! She needs to watch your videos.

[@FinancialWisdom]

I hope so!

[@FukumoneY]

😊😊😊😊😊😊😊😊

[@g.o2092]

How come all the scam accounts are named "Anderson" for some reason. Its funny as hell to me 😂😂 Don't they have other names to use?

[@florenceclark8847]

Thank you for your content, I am a fairly new subscriber, I follow almost all the cryptocurrencies videos you post, but I still have no knowledge of how to trade cryptocurrencies, please, what is the best place to start?

[@Ondrej_TradeStreet]

Hi there! 📧 I hope you're doing well. And great job on the post. Just wanted to kindly remind you that I sent you a message about a potential white label partnership opportunity and would really appreciate a response whenever you have a moment. Thanks in advance! 😊

[@andrewholmes-171]

Great! The year is almost over and very glad about the decisions I have made so far. Investing in the market earlier this year regardless of the market conditions has saved my life. I made over 70k USD with a start of 25k in the last 3 months trading with a professional, I remain eternally grateful to Michelle Stewart for her efforts that got me to this point. I know it's nothing compared to what others make but I'm glad I'm changing my finances.

[@julienolke-vx5lk]

I'm surprised you know her. I've been making a lot of profits investing with her for a few months now.

[@FrankWilliams790]

Mrs Stewart changed my life because of the high profits I got from investing with her.

[@JohnAlbert209]

You invest with Mrs Stewart too? Wow that woman has been a blessing to me and my family.

[@karenrobinson598]

I'm new at this, please how can I reach her?

[@DonaldHuge]

I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much

[@user-rt8bg4ic6u]

No real useful advice here. Slogans and platitudes delivered with an authoritative tone mixed in with a fundamentally false premise - that "trading" (frequent transactions) can be made to work as a successful strategy for retail investors. Trading your way to wealth has been debunked as unwise by research. Beware and heed PT Barnum's warning.

[@FinancialWisdom]

Thanks, but i have to disagree with the debunked theory - This is no doubt 'debunked' with a linked agenda...

[@user-rt8bg4ic6u]

It's not a theory. Anyone can "Google It" and check for themselves. Well over 90% of short term traders lose money in the long term.

[@chrishall2594]

I disagree as well. He is very clearly criticizing the advice most KZbinrs give.

[@3702251a]

You know this is one of the best advice for newbie’s. Excellent video! Know the direction of the Market. Personally I don’t trade if sp500 below sma 21

[@FinancialWisdom]

Thanks 👍