TRADING HARD TRUTHS! 😒

[@ukspreadbetting]

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[@meghanworkman6449]

Super fan here...thanks so much for all of the incredible content you guys put out. I've learned so much from UKspreadbetting!

[@Jeff_Thomas]

GREAT VIDEO

[@mustafabaris9681]

Been trading FULL time for years ... All these experiences have taught me this : Trading is actually unbelievably easy once you have developed a strategy that fits your personality the best ... Finding that strategy is also easy ... What’s NOT easy however is maintaining the discipline to stick to the strategy when you start making money so easily that you become dissatisfied and start increasing your position size ...What’s NOT easy maintaining a simple , healthy life style ... What’s NOT easy is having the ability to manage your time well outside trading hours ... What’s NOT easy is becoming arrogant once you start making some good money and forgetting to stay grounded ... What’s NOT easy is refusing to learn from past mistakes ... I truly believe good traders make great human beings ..

[@ld9537]

This is, by far, the most well rounded channel on youtube (that i’ve found, at least) for information and advice on trading. Another great video.

[@kimandrews6106]

All of it true. I started or should I say discovered Forex and Commodities trading at 60. My wife was/is astonished by my passion for it. I have filled two filing cabinets with course notes (been through 5 or 6 of them), and notes from you tube videos. I am now 66. My passion comes because 1) I do enjoy the process, and the self development I have been through 2) It is the means by which I can achieve a burning lifetime goal, which requires time, plus of course I am a pensioner, so jobs errmm, I doubt I would get one. I have a legal services business, and want to wind it up, to pursue this lifetime goal, so succeeding at trading was the answer. Thank you for the high quality videos.

[@puremathematics8683]

hi i am 21 right now i belive i have a strong foundation because i lost $2000 any advice for me i am using 2% risk management

[@puremathematics8683]

i have good understanding of market structure and trend reversal markets i really want to make trading as a living and i am doing my accounting courses

[@msquaredprojects]

That's one for us veterans, Kim. Your story is inspiring and i wish you every success and loads of prosperity!

[@meghanworkman6449]

One thing that has been hard for me to internalize as I've started paper trading is that I'm still working, even if I'm not actively putting on or exiting trades. We are so conditioned that to be working, we have to actively be "doing" something. If I'm checking markets every day and examining active trades, but I don't actually put on any new trades or change aspects of existing trades, I'm still working. It's that guilt you feel for not being "busy". I've caught myself screwing up good trades by falling victim to this mentality and ripping potential profits out from under myself because I felt the need to be "doing" something. Now I understand that doing nothing is sometimes the hardest work of all. And that things like reading, working on my personal issues and psychology, and studying markets ARE work.

[@jackiedane3408]

markets dont reward you for being active, how is that not a given?

[@nedaltrebor8553]

Well said. This is part of that introspection he was talking about in the video, that is very important. Paper trading is all well and good, recognize the emotions that play out, and imagine what it would feel like with real money on the table. Then be honest with yourself about your tolerance and start small with some real money.

[@rockefeller13]

Facts

[@rockefeller13]

What I noticed is that apart from actually psychologist traders know more about psychology than most people

[@petereastman2663]

It is hard, it is very hard. I have put in the work for two years, I have done a lot of learning. I am getting it. I am not there yet.

[@Iburn247]

I started with 1500. I got into options first. Even tho my first trade was a penny stock. I made almost 4k in a months time. Then i went on a hard losing streak to almost 1100 bux. I looked back at what i was doing and I decided to form a strategy from that. I have journals and notebooks full of all my trades and daily emotions ect. I'll work 24hr a day if I have to. Im willing to do what the 90% are not. Its hard. Not a get rich quick and most challenging thing ive tried. I'm now just over the PDT rule at 25, 400.

[@kentstarliner5728]

"That's not even the start of it guys". That is so true. The truest statement I have come across.

[@AudaiLouri]

He doesnt sugar coat it, But its the brutal truth.

[@Gyurix]

10x position size --> exactly that's the biggest reason of failure. The problem with big position size is that you can't keep it up. The worst thing you can do is have big losses in a losing streak, especially if after that you can't risk the same amount to get a chance for winning it back. So you end up having a smaller win after that and never win it back. I don't understand why having a consistent position size is so hard to do, but it really is for me at least :(

[@olliemoore11]

thats how i lost so many accounts by not sticking to risk mngt. i would start off with 1 or 2 percent risk then a few days later whack it straight up to 10 15 20 percent. of course you will loose eventually this way. i think it takes a few account losses before you begin to realise that you need to be really consistent with risk mngt in order to recover from any drawdowns and eventually get to a point where you become profitable.

[@6104chrisn]

Great video. I quit working to trade and blew my account in 10mo and had to go back to work for someone else for a few years. Im now on round 2 of trading I'm almost 2yrs in still have my account and not working for someone else thanks to videos like this.

[@Hey_Mack_jay]

How much did you lose ?

[@kambolelupiya2730]

As a beginner focus on the process and not the money, once you master the process money will follow and remember that less is enough in this game. Good luck traders

[@daviddacosta5576]

Mate great video and thank you I just had a crushing day I am trying to grow my portfolio at the smallest rate (not even worth mentioning the amount),,, But after the end of the day I have had, listening to this has made me want to just take a step back regroup and refocus in order to get back to it ! Appreciate the effort and time. Keep up the good work!

[@Fredsko]

Great content as always, keep it up 👍

[@lukegarcia3238]

BASICALLY - Greed & Ego management!

[@idraculaa]

Thanks Mark, this is really good to hear. I have been in the game for 2 months, I have learnt so much about TA, and I have a great set up in terms of time frame analysis and a great spread of indicators. However I am still giving back a lot of my profits due to bad habits and personality traits! It's really as much about mastering yourself as it is knowing how to pick a great ol' trade isn't it.

[@DavidElstob73]

Reading the market is definitely much easier than making money. There's no stress involved on the sidelines so being right about your bias is only the first part. Entry, trade management and exit is where the money is made.

[@johnnyc2069]

I must be different ..I put the work in every day, even on the weekends watching video after video for 3 months and now I’ve been profitable for a while and I watch traders that have been trading for longer than me and I think the same and even see things they don’t .

[@Megattu00]

how much profitable you are ! ?

[@rattlin59]

The most valuable trading videos are usually the most honest/depressing ones. They're a bit like the military, in that they strip you and your crazy trading dreams right down to zero so that you can build back up again in line with reality and thus a better chance of making it 👍 Great vid!

[@bravoelliot]

Gem after gem with these videos Mark. Excellent video as always. Keep it up!

[@kwilson6884]

Yet another great video Mark. Thank you so much for all ur content. I’ve been trading 6yrs and am still learning heaps off u

[@ginacervi]

I’m new to trading and I have found your videos extremely helpful

[@optionwhisperer-tradingtip3122]

I remember making 20k in a couple weeks and thinking geeze this is easy. Only took about one month to give it back:)

[@allyg2621]

Trading is actually easy... it’s just the the mindset that really separates the weak from the strong

[@sangitatodkar7882]

Appreciate your efforts thanks

[@TehBr0]

Excellent video, it's rare for a trading educator to be so authentic.

[@RR-hx7nj]

I am very interested in pushing forward

[@Shroomer47]

I love that you compared trading to poker. As a player myself (as well as a novice/learning trader) I've noticed the similarities between trading and poker since I first started learning trading. Love the channel.

[@shifty180]

You're videos have helped me so much, I was basically gambling when I first started trading, now I have a good strategy and making money, so thank you

[@ciarancoyne9104]

Thanks a mill 🙏🏻

[@nancyk5044]

Thanks MARK - I am 4 months into Trading and $700 down - have had a couple of break even moments and then back down again - I knew there was a learning curve so i wasn't smacked in the face by the draw downs and the time its taken me - to still try to make a profit - thanks for putting the reality of the game- if trading was easy everyone would be doing it i guess

[@espocartoons]

Love the videos keep up the good work. Maybe write on the board in capitals so its readable?

[@ozxda]

Really good videos, I’ve watched a few now and they have all been really helpful 👍🏼

[@marconel9189]

I like this channel because of these videos. Not fancy holy grail strategies click bait .. just real talk about trading

[@jpsabbey]

BRAVO MARK !!!...Straight to the point and pinpoint accuracy.

[@gauravkumarnath8483]

wonderful video. im inspired. 🙏

[@jaytwix2]

ur a legendary keep uploading these very helpful tips 👌

[@Mwd12345]

Single best video to show any new traders. Excellent!!

[@druntopronto7598]

Excellent thoughts.

[@sachinskumawat]

You are absolutely right

[@jeskg720]

8. Its not worth putting the time needed into trading if you have too little money to start with. Too little money means that you have to put too big risk on each trade, meaning you will loose it all. Its hard to get rich when you have too little capital to start with. Please be honest about this mathematical truth.

[@pauleang9544]

Love it. Thanks Mark

[@AnalitikTrader]

Hello Mark. Thank you very much for all quality content. As a series of new videos, could you please share different types of traders you have met in your career and their core competencies (I mean real stories of traders, not legends like Paul Tudor Jones etc) best regards..

[@AnalitikTrader]

Because these are either motivating or at least full of lessons worth..

[@mowthpeece1]

I was in profit within weeks, 66% wins. But he's right, I come in with skills aquired from something else.

[@FighterFred]

Yes, to reprogram your brain to become a trader takes years and not many are able to even. That's why I prefer algotrading, less psychology and gambling with more control and consistency.

[@zuganovtembo9351]

i need to drill this in my mind

[@Rikco.337]

Great video and a great reminder!

[@stevenw373]

Such a solid and real video thanks!

[@Iburn247]

I started june 15th of this year with 1500 and I just passed the PDT min balance. I spent and still spend about 20 hours a day learning, researching, documenting and trading. It has consumed my life but it will be worth it

[@Iburn247]

Ive lost plenty too for sure but what worked for me was I lock profit at %10 and only trade with profits from previous day.

[@m1saelf984]

@@Iburn247 Well, what if last day you lose money? How do you trade... today?

[@umamentepelomundo]

You are amazing! I really like your videos! This is undoubtedly a pearl !!!

[@beachbum8215]

That you Mark. Good hard truths. Much needed.

[@laurenth7187]

It's much more difficult because as said Murphy IIR, No one will tell you [how to win], but if you find something that makes sens, looking at other market segments, ... etc, you will succeed. Well i hope so. But the famous Jess Livermore went broken 4 times and at the end took his life.

[@lunarbluesmusic]

I'm helping a few new traders to understand what it takes and the effort required to have a chance in this field. I'll forward this to all of them. Solid advise as always.

[@darthrosh5223]

absolute gem of a video.

[@laurenth7187]

Market is reacting to fundamentals, and to itself. It's a combination of both.

[@sureyyabedir7063]

I loved and resonated with this video so much. Can’t disagree with one word this man has said!

[@darekt4613]

What about demo accounts? Just play demo even few years until you comfortable and not loosing that often any more... and use some sane amounts - try to grow 2-3k demo account (think about the demo money like they were yours own) or even keep the same amount of money for some long period of time anything else is not even gambling it is guaranteed lost and trade as often as you can, test different strategies, indicators etc

[@SuperBartles]

"massaging the truth" lol, I'm going to use that expression :)

[@umeshmehta5132]

Excellent

[@petermongoose6856]

Great "Cold Shower" vid

[@michaelprocopis1796]

Hallo young man.Thanks for all your videos.Ive watched you a lot.I have a question for you that i hope you will answer.If i practice for a year before using real money do i have a better chance of being successful at day trading the sp500. take care old son.

[@ukspreadbetting]

If you stick to trading demo money for a period of time that's a good sign as it demonstrates patience and a willingness to learn. Please check here kzbin.info/www/bejne/mqWchq2hnNCcqbs (and some of the videos under the description).

[@tooeazeful]

Great video!! I will make it!!

[@MushtaqHussain3335]

its reality, nice video

[@lisemariecaron7498]

Yes, Hard truths

[@davidprice9265]

Same in buisness, life gives to the givers and takes from the people who take the piss

[@港完]

agreed.

[@jackiedane3408]

it was not that difficult to learn how to sell options. literally took about 3 weeks to learn. not rocket science, its probability science

[@noorafridi1204]

Great

[@ShowMeWhatINeedToKnow]

Trading is hard.

[@zzz_ttt_0091]

I was profitable in first 3 months :D

[@zzz_ttt_0091]

but i read and analized stuff 5 years before this

[@RR-hx7nj]

I am the 0.0000000000000000001 pct that makes the 50pct

[@harveylgordonusa]

Profitable traders need other traders to lose.

[@jackiedane3408]

wow harvey it seems like you cracked the secret of the market! good job champ!

[@FXNorm]

Sorry, the super poor can't beat the super rich at their own game.. YOU have no shot ..RUN

[@boom662512]

🙏🏽🙏🏽🙏🏽

[@2487xyz]

G.O.L.D

[@vanardomerchant7511]

lol im that one guy

[@vanardomerchant7511]

most painful 3months of my life