🔷 Expectancy spreadsheet (Make A Copy!): docs.google.com/spreadsheets/d/1Bn2vcxMvtOc7KQEuUDFTKLfFf60UL03B67Zj_hbLzmA/ 🔷 Monte Carlo in Pine Script: kzbin.info/www/bejne/r2qappJ9p8hjnbc 🔷 Develop your own trading systems: courses.theartoftrading.com/
@shaunabs76812 ай бұрын
Very useful video. Thanks for producing.
@Nick-y9c2 ай бұрын
Dude, listen carefully, I will tell you only one time: 1:16 *NEVER say again math is boring!* otherwise Tony (a.k.a. π crusher) will visit you! Never mess with the Math Mafia! Math is cool!
@viktorsimeonov8498Ай бұрын
@TheArtOfTrading Hey, I wonder what would you say about this SMB video. kzbin.info/www/bejne/bH2amauDm7mbaZY - "The Biggest Hidden Key In Trading", do you think they have made some kind of calculation error or something else. Can you quickly discuss why 3:1 RR and 50% probability are considered C trade.
@melodramacaminante15 күн бұрын
Thanks for the information.
@irflashrex6 күн бұрын
I have modified this to take into account the use of stop loss. on expectancy I set c3 to the stop loss and in column d instead of it selecting 1 on the loss (total) it instead multiplies by c3 the stop loss. Wit that I can win a little as less then 7% of the time and still grow an account. I messed up a little bit and set gain to 130% when I meant 30% so a 40% win was the minimum win.
@Mark-ef7pi2 ай бұрын
After 15 years of trading myself, I'm pretty sure this is the best video I've seen on the topic. He's realistic and honest, his math is fact-based, empirical. I'm saving this link to pass on to new Traders, I wish this advice was available when I first started.
@t_barraca2 ай бұрын
There are two books written by Ralh Vince that every trader must read.
@oraclechallenge2 ай бұрын
Thank you for sharing your thoughts, and I completely agree-this video really does hit the mark on so many levels. The blend of empirical math and real-world trading insights is something every trader needs to grasp, especially when starting out. The emphasis on expectancy and risk management is spot on, and it's refreshing to see a realistic approach that doesn't sugarcoat the inevitable drawdowns. One thing that particularly resonates with me is how understanding probabilities can transform a trader’s perspective. It reminds me of how I approach reversion-based trading-by focusing on where the price is likely to return rather than chasing it. This mindset shift, rooted in solid math and probabilities, has made all the difference in achieving consistency and growth. Passing this on to new traders is a great idea. It’s the kind of foundational knowledge that can save them years of trial and error. I wish I had access to content like this when I was starting out, too!
@SoulfoUniverse2 ай бұрын
@@t_barraca would love to read them could you share the names of those two because ralph has many books
@keibisutrades2 ай бұрын
couldn't agree more. A must seen video for anyone who will start trading.
@666toyo82 ай бұрын
@@t_barraca which books?
@LucrativeLeroy3 ай бұрын
Stop attaching your self-worth to the outcome of your trades. You have no control over the outcome. You’ll never know who caused the outcome of your trade. Your mythology doesn’t predict the market, there’s a higher probability of one thing happening over another. There’s a random distribution between wins and losses. This is a game of probabilities. If you truly believe this, you’ll be alright.
@ilia77292 ай бұрын
Yea that's also gotta be why hedgefunds exist Literal mathematical geniuses have said numerous amounts of time that the market isn't even near fully efficient but keep coping I guess
@meowkit032 ай бұрын
Mark doglus ❤
@subbassrules2 ай бұрын
The job of a trader is to accumulate larger wins than your losses. You ARE going to have losses, it's part of trading. The sooner you realize this and remove your emotions from your trading, the quicker you will improve.
@jonschlottig95842 ай бұрын
This is one of the most foolish things I've heard. You have ALL of the control in deciding the positions you take. Learn to take accountability - your life will get better. God bless.
@jonschlottig95842 ай бұрын
I study and use options to create positions with asymmetrical risk to my upside. I'm far from perfect - bug I am in control of my decisions - the market is never wrong - and if I'm right the upside can be 3-10x plus. Take it easy.
@keithdavis98972 ай бұрын
I love the sobriety of this video. There are no jets in the background. Trading is the hardest thing I've ever done. This video should be MANDATORY for any new trader.
@acolleenchoiАй бұрын
You have provided more value than any other self proclaimed trading out there. Kudos. Love this video.
@navisingh10622 ай бұрын
Never truly understood “gamblers fallacy” until this video. I would follow my system and if I noticed I would win 3-4 trades in a row. I would try to make sure my 5th isn’t a losing by moving my stop to break even randomly, expecting a loss to be due. Now I know each trade is actually independent. Thank you for clarifying this!!
@VidyasagarbbАй бұрын
Nope. By doing it, you may loose big profit streaks also. it works both ways.,.,.
@jasonavina81353 ай бұрын
definitely the best actual, practical trading advice i've ever heard on youtube, subscribed
@J.R-b9s2 ай бұрын
Excellent video. This is trading, yet 95% of traders rely on "the perfect entry". Once I accepted that my methodology has a 45% (often less) win rate, and hold out for my 2.55+ r/r trading became more systematic. It took years. Great comment on fixed r:r vs dynamic. A dynamic r/r leaves too much room to change your mind.
@oraclechallenge2 ай бұрын
Thanks for sharing your experience, and I completely resonate with your journey. The idea of seeking the "perfect entry" is a common trap, but the real magic happens when you accept the probabilities and focus on the bigger picture. Your 45% win rate with a 2.55+ R is a prime example of how powerful a systematic approach can be. In my system, I also work with a win rate around 40% but with a similar 1:2 R ratio, and it’s been a game-changer. It’s not about being right all the time; it’s about letting those winners run and managing risk effectively. Fixed R can provide that discipline, reducing the temptation to tweak your strategy on the fly-a temptation that often leads to inconsistency and frustration. Trading becomes a lot more predictable when you let the probabilities work for you, and you’ve clearly mastered that mindset. Great to see others finding success through similar principles!
@freedominknowledge8891Ай бұрын
@@oraclechallenge Hey bro hows your stats been performing?, I have similar stats but with a 2.7RR
@calebvalerga14 күн бұрын
How have I never come across this channel ? This is the best mathematical and statistical explanation of trading I’ve ever seen ! Spreadsheets don’t lie
@PilotGery12 ай бұрын
This should be shared more often... I begin my trading journey 1,5 years ago and the last 12 months ive been profitable and can consistently compound my profit.. All of my strategy basicly follow the same thinking brought in this video. The moment u use "data" in trading and you know from backtest or forward test that the probability, R:R, Cons Loss, Cons Profit, and Average Hold period makes you comfortable doing said startegy.. you are no longer a gambler. Its consistency that will make you profitable in the end. But being consistent is the barrier that needs to be practiced over and over again in every trade you make.
@lichling80712 ай бұрын
What kind of strategy do you use? And if you aren’t comfortable sharing that, then how might I implement what is taught in this video. I am new to trading and anything will help. Thanks!
@treysterok43212 ай бұрын
@@lichling8071Imantrading is a great channel to go to just to learn how you should go about developing a trading edge and the right mindset to have
@ghmes1012 ай бұрын
The best video on trading I have ever seen, plainly and experctly explained, the excel sheet, brilliant.
@stoiccapital2 ай бұрын
this man just casually dropped the best trading video on youtube
@wendifx2 ай бұрын
bullshit
@philippmillanjochum1839Ай бұрын
Factss
@VinnyXL4202 ай бұрын
Boring?! I dont want it to stop! This is pure gold! 😎
@noahxbh2 ай бұрын
I
@lordMegatron2 ай бұрын
I needed to hear this; the best part for me was reinforcing the idea that capital growth is an outcome of a process....and that there will be aberrations - like winning and losing streaks - which should not get to one's head; the Gamblers' Fallacy is very insightful....I had never considered this earlier. Thanks 👍
@GL-GildedLiningАй бұрын
Appreciated content. Grounded and neatly explained from multiple angles, both conceptually and mathematically. Thanks!
@mohamed001somrani42 ай бұрын
As someone who watched a fair bit of videos on trading I can confidently say that this one is of the highest quality there is. Thanks for all the pieces of advice!
@corbinnaron7852 ай бұрын
It’s mental. Being profitable requires a mid level skill (very doable), and the right mentality. Your psychology is losing you money.
@zetro88702 ай бұрын
Where do you take the confidence to say being profitable is mid level skill? Im just curious why do you think that.
@OliverBaudouinn2 ай бұрын
@@zetro8870 because the fear of opportunity makes it at that you are not profitable, for example the vast majority of people have a part of them that are scared to enter a trade when their system tells them too, but they either take it too late or they just miss it and stress about it and press themselves and those mistakes grows that misconfidence. Because trading has such a free dynamic built in it, it makes it very unnatural for your brain to create your own rule and respect it no matter what ! and if you take in real life context ( family problems, financial problems and etc) the greediness to resolve your problems with money sometimes takes the best out of you and you lose. ego, self discipline is actually a hard thing to master because even if you think you are doing the right thing, well actually you do sometimes still cross the boundaries in a moment of adrenaline rush, and all those elements combined together will impact your trading inevitably. theoretically trading isn't that hard, there is plenty of things harder than that but it is the one thing that takes you the closest to gambling if not well done and so the feeling aswell. (I'm profitable) and I can say all my friends have the same level of knowledge as me in theory, but most of them haven't understood the concept of really mastering your emotions.
@OliverBaudouinn2 ай бұрын
@@zetro8870 so if I have to tell you how to be profitable in one sentence : understand your fear, use it to gain confidence by having a positive mindset at all times ! Fear and Confidence are the key words, you need to eliminate that Fear and let opportunities flow how your theory is based on.
@Santiagoacph2 ай бұрын
@@zetro8870I know it’s not the same because it’s a demo account and it’s slightly different to the real market, but I started studying and operating a demo account on August 5th this year and today is September 1st. I did almost 3000USD on my first month. I just used mostly 1,5 lotes and very conservative risk management. I have low level skill but I approach it with a very cold mindset and being very conservative. Time will tell if I blow the fuck up of my account when I use real money but as of now, I feel it’s 80% psychology and 20% skills.
@human999922 ай бұрын
@@zetro8870there are 1000 of strategies with 70% winning chance but still people loose money but a robot with same strategy will make money
@anishjha7059Ай бұрын
This is gold! I remember this channel from a while back, I learnt TV pinescript coding from you to make my trading systematic and backtest my trading logic. A big thank you!🙏🙏
@oleggold2 ай бұрын
Beautiful, realistic, down to earth. This is the type of videos that every trader should watch, even from time to time, to go back to the notes from a video like this. To keep your grounded. Thanks for this simple yet profound video.
@DarcyRamos-s9jАй бұрын
I had problem comprehending trading in general. I tried watching other YT trading channels, but they made the concepts more complicated. I was almost giving up until when discovered your channel. I love the way you break down the content and explain everything in detail. The videos are easy to follow
@AbhishekJain-ql5qm2 ай бұрын
Absolutely fantastic video. Best part is the simplicity with which you’ve explained. 🙌🏻
@ProbabilisticMastermindАй бұрын
You are the first person to whom I have subscribed, someone who speaks as if am speaking to myself. Of the lakhs of videos there are hardly 8-10 videos ever worth watching. This is one of them.
@turbo32coupe2 ай бұрын
Thank you, I've learned more from you in the last 30 minutes than any other trading video. I am 69 yrs old and have become wealthy by investing over the last 40 yrs. Presently, I am very heavily invested in gold, silver, and the miners. I have several trading systems that I have adapted from known successful trend following systems. I lost a lot of gains in 2014 because I was heavily weighted in oil. I trade to educate myself so I won't have any severe draw downs this late in life. My trading account is less than 3% of my liquid net worth. I have learned that picking the correct investment category; real estate, stocks, bonds, commodities, precious metals, is the more important than picking individual instruments in each category. Different categories perform better in different times. My frustration is that even though my trading system has a good total return and low drawdown, It barely beats buy and hold for precious metals and stock indices. Both are up about 20% ytd. My question to you is: What total rate of return can be expected from a good trading system. I have heard 30% per year is reasonable. The "Turtles" had a few 100% years. Could you please shed some light on this subject. Thanks.
@frv66102 ай бұрын
if you use leveraged bull bear certificates you can easily achieve 300% per year
@NanoverseProductions2 ай бұрын
I’ve been trading for about 6 months. Had beginners luck grew my account quick and blew half of my profits. Sized down and kept learning. Now I have a solid strategy I make money consistently. I grew my account back to where it was. The key is to not over size on trades. Better to take smaller gains than taking big losses. I’m putting money from my paycheck into my account and just growing it slowly and with time will increase my size once i have enough to do so. MANAGE RISK!
@Kerouacaurus10 күн бұрын
Amazing dude, one of the very few educators in this field, definitely subscribed and suggest others to do the same who's looking for a legit, no bullshit information. Pure math and REALISTIC expectations outlined, no bullshit, no fake promises.
@keibisutrades2 ай бұрын
I just stumbled upon the best video about trading. It's practical, based on math and facts, and there's no BS at all. This kind of video should be shared more than the unrealistic stuff you casually see on social media just to sell courses or whatever. Salute! I can also see in my backtested data that the ideas presented in the video are realistic.
@posthardcoresinger2 ай бұрын
Very helpful. I'm about 1.5 years into trading and I only recently started basing my position sizing on getting my risk of ruin (where ruin = 30%ish drawdown) to 0.5%, using forward-testing data only from my live trades. Takes time to get the data, but I started with a win streak which meant I could technically risk 5% per trade lol. Better to project it forward and keep collecting data though since it has already fallen (more so due to trading errors though). My numbers still support 5% risk for the time being but if I keep making trading errors they won't. Then I can adjust weekly. It's insane how I spent like 10K on a course and coaching in the beginning, and they literally have the most mouth-breather idiot position sizing strategy possible, just telling you to trade a certain number of contracts and slowly work your way up each week as long as you're winning (1, 5, 10 etc.), not even teaching about adjusting position sizing based on stop invalidation etc... lot of harmful BS out there in the trading education space.
@capetzproductions8690Ай бұрын
I want to get into trading. How should i start and what would be good sources to learn from?
@mikeallen29142 ай бұрын
I found this incredibly valuable. Two very expensive causes didn't have anything on this and the first lead me to take trades with 2% risk without knowing any of what you said and without a 40% win rate. These days i do 0.5% but now i know what to do to test of i can handle 1%, especially after pine coding my stratefy. Thanks for this video!
@tradingpatiently2 ай бұрын
This is hands down one of the best trading videos I’ve ever seen. Amazing work brother.
@Integritytrading2 ай бұрын
TY for the Excel sheets! I knew the formula but have always been too lazy to make a spreadsheet😂 At least I now prove mathematically why I win or lose! VERY HELPFUL! I am sure tomorrow's trading will be better!
@sachinvishwakarma3680Ай бұрын
❤
@Victoriaward3 ай бұрын
The cat summarises everything I want to be and I am putting it on my vision board
@pete83822 ай бұрын
Thank you. Without question, anyone who is struggling with trading or understanding why a trading plan should be used (win or lose), for a period of time to build consistency, should watch this video.
@bensen698122 күн бұрын
I don't comment often, but this video has the potential of transforming a trader from a loser to a winner.
@thomasvega33743 ай бұрын
I don't know what to say.. guess that only lefts me with a really BIG thank you! The way you articulate is easy to the ear. And the effort you put into this clip. it really helps man. Pls keep up the work.
@ASAFSHAIKHАй бұрын
This is perhaps the best video on trading psychology. Watching from India...
@Arsenal204521 күн бұрын
Amazing content, this is the type of material that will bridge the gap between a struggling trading and finding consistency
@kingtajeel2 ай бұрын
I'm so glad you took the time out of your schedule to make this gem for us. I'm a new trader who's just understanding that psychology and risk management is the most important part of the game. I would love if you could make more videos like this and give tips on trading psychology. Much love from Jamaica 🇯🇲
@PremekH2 ай бұрын
This was the best video about trading I ever seen..
@ssejjdelorenz31522 ай бұрын
I think this is the realest video about trading. Me thinks the issue is most of the starters think they will just come to take "FREE MONEY".
@EgorV-ve6zcКүн бұрын
Really great video! Probability is sometimes complicated for me. The example with 10 losing bets on black in a row doesn't make the 11th more likely a black. However in my head, the overall chance of 10 red in a row is higher than 11 in a row, so its more likely that 11th will be black.
@qwertygun19 сағат бұрын
Pure gem and factual. Thanks for the knowledge. Especially on the draw down probability.
@thepositiveside21972 ай бұрын
The best honest video about trading... You earned a subscriber...❤
@rjain9652 ай бұрын
You have given a concise summary of trading in a zone and better
@Ralphitness2 ай бұрын
I think I just found my new favorite KZbin channel. Thank you for the video, very well done and surprisingly entertaining.
@nnoahh332 ай бұрын
Thank you for the spreadsheet, much appreciated
@ck000072 ай бұрын
Hello From India And Lots Of Appreciation For This Video Amount Of Quality In This Video I Can't Describe It With Words This Is The True Trading Principles ❤
@maheshgaikwad742 ай бұрын
Excellent content. Although I beleived is the philosophy, but this video helped me in reinforcing my beliefs with solid arguments; especially the google sheet is really helpful. The market is a random walk, only a system with edge, back-tested for at least 1000 trades with established win rate and clear RRR is the key to sucess.
@theultimatewinner2392 ай бұрын
this is genuine information that is rare on youtube in trading section at least thankyou for sharing your wisdom i can see this video 5 time in a row😀
@jaybro37133 ай бұрын
I'm a trader.. i agree with you in the comment about losing. yes it's a part of the game. The main thing is how you manage you loses. if you can't do that, it GG.
@sachinvishwakarma3680Ай бұрын
This is the best trading video it change my mind about trading before this i uses trail SL and SL breakeven blah blah but now i use only fixed risk reward ratio with a high win rate and guess i am making money
@ginza14223 ай бұрын
The risk reward of 2:1 or 4:1 whatever does not account for the probability that the closer limit will get hit first, the market just need to wiggle to hit something and the stop loss is closer than the take profit which is farther away. So be cautious with the risk reward math without considering probability of which one gets hit a lot.
@ShowMexicanoyMas3 ай бұрын
I use a negative RR and win 95%+ of the time 👍🏼
@rit3xx2 ай бұрын
@@ShowMexicanoyMascan you please explain how and whats your strategy???
@Santiagoacph2 ай бұрын
@@ShowMexicanoyMasI also use negative RR and it works wonders. I don’t understand why though, I just have always done it since the beginning instinctively.
@ShowMexicanoyMas2 ай бұрын
@@Santiagoacph It works because of the simple fact that your tp is closer from your entry point. It’s simple math, you obviously have to have a high win rate in order for this to work in the long run 👍🏼
@ShowMexicanoyMas2 ай бұрын
@@rit3xxI open 6 trades aiming for 0.1% each trade and stop loss is 1.5% on FTMO, so if all trades close in profit I make 0.6% and if I lose 1 it takes me about 3 trading days to recover from a loss So my RR is -15:1 each trade has very high probabilities of winning
@holdReset2 ай бұрын
I’d love your take on how Chaos theory applies to markets as I know a few people who thing that price is completely random and site statistical theories as to why it is and how TA is a worthless way to trade. Thanks for the video!
@eric00182 ай бұрын
Excellent video. I think this is an extremely important part of trading most struggling traders overlook. Appreciate you taking the time to make great content on the subject.
@dsd-y1y5 күн бұрын
as a poker player, losing streak or downswings are what makes you or breaks you the mental game is so important when you are in a downswing. the best way to explain newbs the math is just with the roulette wheel, the casino does not win all the time nor do they care how much or when you are betting. every time the ball lands they make 3~% in the long run.
@SacrimonyАй бұрын
I love this video. I'll be referring anyone that wants to start trading to this after they start testing their strategy
@craigjoseph19433 ай бұрын
This was a good topic. A lot of videos only go over technical analysis and don’t take a deep dive into risk management. Great Job!!
@steero_god2 ай бұрын
This is one of the best trading videos i've ever watched.
@SalihEmin3 ай бұрын
One of THE best video I've ever watched !
@kungfumachinist3 ай бұрын
Great stuff, really helped me attach meaning to some of the metrics I've teased out of my back testing.
@m.dickinson4362 ай бұрын
Man! This video is a gem. I love your spreadsheet man, it is perfect for giving us a perspective on the statistical aspect of a trading system. Thank you so much sir.
@MarcS7773 ай бұрын
Thank you for sharing this video. I thoroughly enjoy it, and thanks for some of time-tested nuggets of wisdom in dealing with the Markets with our emotion in control.
@LucretiusEldritch2 ай бұрын
Excellent video. Every trader should watch this to have a better understanding of how probability affects trading.
@juliziz3 ай бұрын
Thanks, that was all explained really well. I’m going to check out the spreadsheets - I’d definitely be interested in the TradingView backtesting episode. Cheers.
@strangetraveller73992 ай бұрын
Trading view backtesting is dog shit. FXreplay better
@jacobpearson98102 ай бұрын
This list of resources is incredible. Thank you for the informative video and everything else you included 💚
@hai.18203 ай бұрын
a trailing stop loss using atr is a must. you lock your profits
@zetro88702 ай бұрын
What do you mean by that? Like changing the risk/sl every time based on atr that day?
@olalekankeshinro71292 ай бұрын
Once I reach my 1:3 ratio target in profit, I am locking in profit with trail sl and leaving the trade to run
@sachinvishwakarma3680Ай бұрын
@@olalekankeshinro7129 how fun it is You are making money using trailing SL and I am making money using a fixed target.
@hutup9092Ай бұрын
@@olalekankeshinro7129🤦♂️
@jason2x1590Ай бұрын
One of the better trading videos in this murky realm of YT inhabited by mostly furus, thanks
@Kruse12 ай бұрын
Liked for the thumbnail.
@sachinvishwakarma3680Ай бұрын
I am watching it second time and it worth to watch
@nm30032 ай бұрын
Great stuff, Trading 101, been looking for this kind of deep-dive probability-blast a long time --- should be required viewing by all traders starting off. Dread Monte Carlo!
@BlastoffDailYtube2 ай бұрын
Appreciate you sharing a part of your real life journey. The video I feel is definitely made for the traders who are serious and have a passion or a goal to understanding how to be successful in the world of trading eventually investing as well. Thank you so much...was definitely great food my trading soul. Cheers and talk soon...maybe 1-day. Peace from Seattle, USA
@davidkneil10452 ай бұрын
It's one of the best videos any trader should watch.
@devsujitАй бұрын
This video is the key to success in stock market. A must watch!
@tfamidoinglol42432 ай бұрын
Great video dude.... I was in a losing streak but knowing that it is completely normal gave me confidence 💙
@gabry43542 ай бұрын
very very interesting!Lost of traders start to make a strategy based on risk management that most of the time is not put in place as it should be. Great video!
@rdtradecraft3 ай бұрын
OK, lets face something squarely on. As traders we are all risking money on the uncertain outcome of price action. By definition that makes us GAMBLERS. All of us. AND THAT'S OK. You said in the video that being a smarter trader has made you a smarter gambler. True, because you are betting smarter on price action you are getting constant practice on betting smarter generally, and that translates directly into smarter betting in any other game of chance. And make no mistake, trading is a game of chance. Consistently profitable traders have learned to gamble intelligently, rather than recklessly, ignorantly, or adictively, and to do it with sufficient consistency that they can afford to do it professionally and make their living at it. It's fine to tell non traders that you are a trader or investor because it sounds more respectable, but let's stop kidding ourselves.
@jodyclabornАй бұрын
Would you consider the casino gambling whenever they allow someone to bet against them (the house) on one of the games? Most people would say that the casino isn’t gambling because the odds are stacked in their favor. It’s no different for profitable traders. Profitable traders are the casino in the markets they trade. I have multiple trade strategies that have been throughly backtested on over twenty years of data (which this process is a science within itself). I know the odds of winning for each strategy, how much money is at risk and how much I will gain for each trade in the strategy. Yes, just trading some random trade setup a few times is gambling, but systematic backtesting with the mathematics supporting the profitable trade setups and systematically taking every single trade for that strategy is not gambling, that’s science. To people that doesn’t understand the science and mathematics involved does look at it as gambling.
@CryptonitinАй бұрын
Then also dont drive a car or bike etc because you are gambling your life some percentage to accident
@pradiyutkumar73152 ай бұрын
Best video ever on trading analytics
@pizzaiq3 ай бұрын
If you're risking 30% of your actual capital on a single trade, you're not managing risk.
@mannmann26423 ай бұрын
If you hedge you actually can just stop losses faster
@oraclechallenge2 ай бұрын
I'm subscribed! Thank you for the valuable video for the community.
@jeannebenz2 ай бұрын
Thank you very much! How wonderful September will be when having a knowing …..
@YouHaveIssuesАй бұрын
This video is so good that I'm using it to teach my coders!
@daasassd2712 ай бұрын
I get it, the market doesn’t care, and I totally agree with you on that. But what I can’t quite explain is how, no matter what strategy I try, I always seem to end up breaking even. This has been my experience with everything I've tried over the last 2-3 years. It’s almost as if the market is determined to balance me out.
@Cnicholasdownie2 ай бұрын
Great explanation an explanation on discretionary trading vs systematic trading would be great
@SuhBrody2 ай бұрын
Wow, this blew my mind. Here is a fantastic example of the shortcomings of English language. The coin toss and the events rarity as a coin continues to land on heads would both be referred to as chance, probability, rarity, and likelihood. However one of them holds constant universal weight that is unwavering, while the other, though still a probability for lack of a better word holds absolutely no weight in the outcome. It’s almost meaningless in contrast of the other, yet refers to the same event. This is something that would be difficult to teach even in school, and is PROBABLY why the irrational thought process exists to begin with. One would assume a more sophisticated language might take this weighted measurement into account. Thanks for the new outlook, now back to being ret*rd.
@derekvandermerwe90393 ай бұрын
Great video Matthew. An extremely important topic very well explained. Big fan of your work.
@NasCf-d2h3 ай бұрын
All my testings showed the same result as this video, also from my end the lower the win rate the higher the long term revenue. Bottom line is any system will work if you have the emotional IQ and technical dicipline
@kalyanboro14422 ай бұрын
Forget about trades, I finally came across a westerner who looks 34 when he is actually 34. Otherwise almost all westerners look 55 when they cross 30.
@kennyh97342 ай бұрын
😂
@williampark85042 ай бұрын
I'm sorry, what are you again? Are you racially profiling people?
@James-lq1po2 ай бұрын
I look my age in black and white too 😂
@championchanph4232 ай бұрын
@@James-lq1po only us is the judge there haha
@AndrewsMethod2 ай бұрын
The food chemicals and more
@randygoad37442 ай бұрын
Most every beginner trader lose money because they do not realize that trading is probabilities. For myself I set a daily lose limit if I lose 1k in a day then I stop because I am out of tune with the market and or the losing streak has kicked in. This video just reinforced my believe in knowing when to stop and learning risk management, not every trade is a winner!!!
@AureumFX2 ай бұрын
Do more videos like this please! Really helpful
@nigeljamalbrinkАй бұрын
Thinking in bets is a great book for psychology on trading in particularly why your choices are actually pre developed
@lava_suroi2 ай бұрын
amazing video. just had 5 red days in a row and i needed this. taking the long weekend off and hopefully i can come back stronger next week.
@Chrisjohnson19_722 ай бұрын
You sound like someone whose belief structure harmonizes with mine. I cannot understand why many traders say you need to trade less and not more when this absolutely violates the law of large numbers. How one can say trade less when the right trades are there to take I can never understand. Yet these same people talk about probability and the need to be the casino. Yet which casino turns people away after the 3rd or 4th customer has played. Yet this is how many people trade. They only take 1-3 trades when more of the same opportunities presents themselves. Thanks for being one of the few that talks about the mathematical principles that underline success.
@nilsherbreteau5812 ай бұрын
Dammn, too much value in this short period of time, thanks man ! 🤠
@edzmeАй бұрын
Thank you for this... such important concepts to grasp.
@SHELBY911WALL2 ай бұрын
Your channel is a hidden gims❤
@JojShortsАй бұрын
Thank you for opening my eyes about trading.
@ecstakeen13592 ай бұрын
this is actual gold thankyou for this video !
@junal27Ай бұрын
Excellent video, thank you. Dynamic sizing's bet may be a good topic for a video if not already.
@life_of_riley882 ай бұрын
Consistency is a mindset. It's a set of beliefs based and rooted in probability. It's the belief that over a series of trades, *I will be a consistent winner* If you are still placing your success or failure as a trader on *the next trade* then you are never going to be consistent.
@condusive2 ай бұрын
i clicked on this video because i saw a silly cat, i stayed because the content was good, nice deception trick, i musnt lie, i am left pondering my own strategy, i am thankful for you cat