WHY IS TRADING SO HARD!? 😶

[@ukspreadbetting]

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[@Peterdrac]

I'll be honest my head is about to burst after trading for 2 years and constantly losing money I'm feeling so hopeless.

[@round12tko]

Trading is hard because most day traders think they have an edge when they really don't

[@jpsabbey]

Struggling!...Struggling!...Appreciate your video's. I'm so determined to succeed in this "game "...But I feel I have a fair amount of knowledge and I'm a trillionair on demo , BUT because I'm starting with a tiny account I'm over analyzing and losing patience staring at the screen all day , then finding myself in a trade that I shouldn't have taken. The usual story I'm sure . It really does seem like every trade I enter instantly goes against me , so I sell and sometimes save blowing my account , but mostly goes the way I invisaged as soon as I sell. I'm trying to find every bit of strength in me to not blame the broker because I know that is such a common thing with losing traders , but sometimes I'd be better off tossing a coin. My only saving grace is I'm sticking to good money management. Thanks again for your guidance through your video's, and your commitment to helping everyone who may be experiencing a similar experience. 👌👍

[@Cloppa2000]

Every time i think i've cracked it.... it doesn't work any more!!

[@RedPillTrades]

The emotional edge is the biggest challenge for any trader to overcome. Everything else will follow. Thanks for the video!

[@bosshogg690]

Yep, i coundn't give a toss now about emotions, even if i get stopped out and i have to make a re entry.... i do that money doesn't care, market donesn't care about your stop loss or risk reward

[@jakubvalenta5403]

The beginnings are so hard, that I am not surprised so many people give this up.

[@probowie]

Nice video Mark, thanks. Hardest thing about trading IMO is trying too many strategies or trading too many products and trying this at all times of the day. Best trading for me is one or two products and one or two strategies and only during certain times of the day. Focus is the key word.

[@patrickw2585]

I'm here too. I've got 2 strategies for one time frame and one instrument. For me this is the only way I've made consistent profit. I wait for my setup. No setup - no trade.

[@nathanchris1274]

Defenietly agree with the first part of video about market conditions keep changing ,lack of experiences might be able to make money but eventually will lose it . Another most difficult thing is emotions and discipline in trading

[@MM-dy3ws]

The primary reason why trading will always be hard, is because of the fundamental premise of Competition which so-called "Trading" is based on. You're always competing for the wealth of others instead of creating wealth. Your loss is another man's gain and another man's loss is your gain. You're never at ease and content. What's yours today, will be another's tomorrow. As the famous saying goes: "Your biggest draw-down is the one still coming" The majority of traders are haughty,arrogant and boastful people who always take joy in the misfortune of others whom they are trading against. It's a cut-throat game which is a constant struggle for power over others.

[@Javid-Shah]

I think you haven't realized yet how forex market work .Forex market is generating wealth more than any other companies combined .It will be a jungle if was working the way you say it is .

[@Gyurix]

100% agree. Adapting to the market changes is the very thing I messed up when I started trading. And I still do make lots of mistakes. Anyway, we will see, how much profit / lose will I have on my trading account in the end of this year. Also this is the reason why I did not code a trading bot yet, because it's so much important to detect these changes and adapt to them.

[@RH-vh7el]

The hardest part for me is always thinking there's something better just around the corner. For example, you spend a long time designing a good system that works and makes money and you trade it for a while. Then you start to think, maybe I could find something better ? So you start fiddling, and changing, and developing, trying out new things, and it always goes wrong. My biggest regret, a long time ago I came up with a system that made good sense, had amazing profits and I did really well out of it. Now I can't even remember what it was, all I've got is a record of the P&L, not the system itself. My current system is far worse... Lesson learned, keep a journal, write things down, change one thing at once and evaluate so you can at least step back easily. The hardest part is to find something good and then just frikken use it ! instead of trying to always do one better.

[@CarelBlumenstock]

Entry is difficult, intraday is too chaotic so I use daily first and when that gives a go then I wait for valid entry point. On an intraday view that is not always the best entry point but in general it works out well in a one or more days. Problem there is when it goes against you. Sell or hold? Sometimes it works out ok, at other times it does not. It is the average that counts.

[@jezzermeii]

The thing is, I think it's quite clear when the market has changed. I think the harder thing to get your head around is when you haven't noticed a change and have made a few mistakes, then realise that a change did occur and you missed it, and then blame yourself. This then makes it harder to continue trading, because you feel like such a muppet for giving some money back. The market couldn't be clearer, it literally shows you what it is doing as it happens. It's the emotional side of trading that is always the challenge for traders, experienced and inexperienced alike. :) The sooner you can learn not to give a shit, the better.

[@dee23gaming]

I have a talent for choosing the wrong direction a 100% of the time, even on a 1:1 trade following trend.

[@jonathancook9600]

It's easy to think the market is acting against you ; as if it / they are conspiring till I go long on my two lots of Brent Crude then move things in the wrong direction , either that or after a couple of lucky trades start planning on a move to Jersey or Bermuda .

[@MartinJG100]

Good analogy in flying , Mark. Now stick that scenario into combat. In WW2, the survival rate of 'trainees' was horrendous. If they could simply survive the first few outings they had a chance of going on to become a useful fighter pilot. Trading is certainly tough, no question, but at least it is not terminal. I use this scenario to keep me grounded.

[@goodoboyde]

Trading is hard because of one thing only: Lack of quallity trading education and mindset training and lack of understanding the different styles of trading there is a trader can choose from.

[@nextleveltrading3163]

I know about this topic because I'm a full time trader.. And in order to be one, you will have to know hot to trade trending and ranging markets.

[@VicDamoneJr82]

Great video I think the myth of high risk reward is why day traders fails ... if they understand that algos run the market you just have to high win rate period ...

[@laxide13]

so how do you identify when the market changed?

[@ukspreadbetting]

Check some of the material here; kzbin.infosearch?query=how+to+identify+changing+market+conditions

[@fancyAlex1993]

Just started learning trading on trading view. Nevermind about losing money , I don't even understand most of the technical terms and calculations such as Drawback , sma , trend line etc . There are too many things to learn. I can't even wrap my mind around long and short. Tried paper trading, I accidentally made 2.70 , even then I didn't know what I did.

[@laurenth7187]

I'm focused on market cycles (short) 2-10 TF. btw, if you look at the OBV indicator, each shorter TF becomes more counter cyclic. My problem is, for the moment i can't pull the trigger anymore... i'm always trying to find something smarter, or just confirming theories...

[@jpeps_8842]

It's because everyone uses rsi stoch and macd which are all outdated laggy indicators which give signals about 5-8 candles late.

[@veliem3935]

Marks soo appreciate the video. Your a true legend. For me its having a job I dont like. I am trying to reconcile with the idea that my job is just means to an end. and I do appreciate it. But I think it has an effect in me losing my discipline. Also my friend made the million dollar mark so it put a lot of pressure but we support each other well. And I understand that I have my own price to pay. But wonderful insight on the changing conditions. It make me want to protect my capital even more.

[@lexflex2642]

Mark, why did UKspreadbetting stop having those great interviews with traders? They were some of the best! Your videos are also great btw!

[@ukspreadbetting]

Those interviews used to cost at least USD3,000 each to setup. You have to find someone worth interviewing and then hire a journalist, studio and a camera person. And then you have the video editing costs as each interview requires a lot of editing. Sometimes the person we would interview would follow a personal agenda. Real, profitable traders rarely want to get interviewed live. On top of that sometimes we had to compensate the person that we were interviewing. I'm open to re-starting them but how are we going to cover the overheads? We are not a brokerage company and don't have an unlimited budget.

[@lexflex2642]

UKspreadbetting let’s just say that we ran out of profitable traders=)

[@xybersurfer]

interesting video. have you ever tried looking at figuring out exactly what changed in the market and with that developed a strategy that keeps working? by the way, it's awesome that you took on flying

[@lombardo141]

You have covered this topic many times in the past. Never gets old though...

[@soraaoixxthebluesky]

Volitile market is the hardest part of trading game.

[@krishnakant2543]

Biggest reason is that it's a zero sum game

[@laurenth7187]

Nobody shares a treasury map, even with friends...

[@vladimirpopovic8136]

Unlike most people, I learned to trade pretty easy, it was not problem for me. Biggest problem I have, is unreliable brokers. That is not up to me, I don't have impact on that sphere

[@kamalakannangunalan]

Market doesn't work the same way so we can follow the market so we will know what's happening

[@moneyprintergobrr6501]

My own experience with difficulty atm: (short version I have working strategies but most markets especially currencies are so bad right now I can't get anything out of it I'm just stagnating not trading) I got 2 strategies that work in most market conditions, took me ~1000 hours to design them (+ 5000 hours before that to learn to trade and everything). But I still have to spend so much time hunting and hunting looking at charts hours a day I can't script it, I can't get people to do it for me because 1- I could tell people what to do they still wouldn't have my experience etc so I'm not sure it would work; and 2- I want to keep it for myself tbh. And they work in trending environments and "clean" consolidations (kinda 1 for each 1 works in consolidation but lower TF has to be trending clearly). Right now I look at ~10 currencies, 20-25 pairs, and about 4 indices 4 commodities but also look at more on higher TF. BUT almost all currencies environments are so bad at the moment. No way ANY strategy works there, or I'm missing something. The moves are super small (like 1/10 the ATR 1 year ago), it's choppy not really trending but kind of trending, not really in a range but kind of in channels oh no nevermind that channel broke. Absolutely disgusting. I could look at stocks but I don't know how they work really, and they're all correlated. And then I have to spend 38 hours a day looking at charts, looking for something. So I keep desperatly hoping for something. Oh there's a pair... I got a target of 0.60% SL 0.40% that's fine spreads won't matter too much, oh missed my entry by 0.01%... Great. The wait continues... For me the hardest is to spend so much time looking for nothing and waiting and waiting and not making any money... For most people if I heard correctly in this situation it's not overtrading and using strategies that do not work in these conditions? Man even if you know how to make money you still have to spend so much time and have these periods of aaaaaaaaaaaaaaaaaaaah Well at least I have indices, they are pumping... Till they consolidate as they seem to be starting to do...or crash And got Oil too but no entry. Might get a trade on gold... in weeks... Late 2017 & Early 2018 was great. Crypto's going crazy, stock market so volatile easy money, EURUSD trending up, then clear top, then trend down, Oil big uptrend till 75$ etc. Markets all around were moving crazy, it was also pretty easy to make money. Only hope now is that things are so uncertain and tight with currencies, they're going to break anytime. Gold should move out of consolidation at worse in 1 year imo... Indices might tighten and all get worse, oh please no! Crypto's are just fading away not much hope here.

[@RoXoNpRo501]

I've been there as well. You might consider making a transition into algotrading (thats what I did). There you backtest your ideas and see if they actually had any edge in the past. What made me scare in your comment: There is no Strategy out there that can be applied to 20-25 currency pairs and be profitable overall. If there is I'd consider that the holy grail strategy. But as also mentioned in the Video, the Market changes. Currencies are not so much correlated so there's always trending and mean reverting markets, so my 5 cents is how could a single strategy exploit them all? Another suggestion would be to have some extremly simple Strategies (like enter the Market when there's a Doji Candle in Trending direction) and to only trade that approach as long as there is a supportive macro picture (fundamental analysis, when there's extrem fear or extrem optimism because of some major impact event)

[@moneyprintergobrr6501]

@@RoXoNpRo501 If the strategy is generic and "If the market is trending hard I look for specific buy opportunities 1 2 3" it works with everything. Conditions are just bad/uncertain with almost everything, I just hope it gets better soon... sigh

[@LivingWaterWay]

Can you explain to me why the price on Time & Sales would be a full 10 cents lower than the bid & ask prices. Just saw that on Crude Oil

[@phantasyphotography3813]

you know what sucks? When you backtest a strategy in the previous months with market replay and then enter live market for the strategy to be ineffective in the current market. -_-

[@fredandersonweb]

Thanks for the anology. Reminded me of going from a Cessna to J3 Cub

[@korki33]

Great video. I found the other day that when there is good weather outside it's quite challanging to sit indoors, waiting for a setup (especially when you're not moving large sums) Swing trading seems to be a better option, but "we" like to day trade. Can you make a video with sugestions for a strategy thatcan start as a day trade taht can be keept oveer a longer period?

[@deepsa5845]

Hey Mark, can you give some general tips on avoiding choppy markets and trading when markets are less volatile, as it is currently happening in the FX market? Is range bar trading a solution to avoid choppiness? I know you've covered a bit about range bars before, but can you elaborate more on this topic? Coz As a beginner trader it is very easy to give back all the gains during such market conditions

[@ukspreadbetting]

I'm forwarding this to Mark to see if he would like to cover it in more detail in future. Meanwhile check this: kzbin.infosearch?query=choppy+markets

[@ukspreadbetting]

Mark just answered you here kzbin.info/www/bejne/qne8maeXlLqbfa8

[@dandanndannnnnn]

At this moment in time the most difficult aspect in trading for is back testing. Manual backtesting to be specific. I kind of have a strategy which includes sup & res, RSI, Trendlines, Fibonaccia and EMA's. I'm unsure of to start of too. Should I test with the sup & res first then once I've done that should I then test with sup & res and the RSI OR should I test with all of these tools at once. The second thing in back testing I know will be difficult for me is filling in the spread sheets as they consist of calculating the risk reward which I don't know how to do if I'm honest. Don't want to make this post any longer so I'll leave it there. Nice video tho👍

[@r.c.6940]

trading in the zone baby

[@kendallwaithe9166]

Market structure get me a lot

[@JonJon-dk3nh]

Change and adapt = system hop?

[@JamesB9782]

I'm a full time trader, I want to add something to this subject.... many traders compute statistics etc... and they treat the market as a STATIONARY stocastic process, this is a mistake. They have no idea of math, or maybe only some basic notion.... they implicitly assume that market is stationary. The fact that the volatility changes makes the markets as a non stationary process. Imagine to model it as a gaussian process, you should change the standard deviation with time.... :-)

[@RoXoNpRo501]

Are you discrationary or mechanical & how long have you been profitable for until the point when you went live?

[@nextleveltrading3163]

I'm a full time trader too and he is right.. traders make the market stationary.

[@masksidefrevr8430]

Are there any other factors that may change a market environment, beside Geopolitical events(brexit) and fundamental analysis(news)?

[@aditironci1944]

leave a comment what do you remember from the first trade ever (my heart was beating so dynamically)

[@donvee1419]

The best 14 cents i ever spent! Lol

[@donvee1419]

The best 14 cents I ever spent hahaha

[@aussiert]

Because manipulation of stocks takes over reason.

[@3mzodiactherapy59]

Thanks !!! Speed up x1.5 is better :p

[@minnoxdnb]

:D