Why New Traders Fail

There are a few common mistakes that most new trader make when they first start trading the forex/indices/stock/ commodities markets. In this video I look at these mistakes in detail and breakdown how you can avoid them
TIME LINKS
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Unrealistic Expectations [1:47]
Not Respecting Risk Management [3:57]
Emotional Trading [5:37]
You Can't Always Be Right [8:38]
Outro [13:08]
TRADINGVIEW
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Full tutorial of TradingView - [ • Complete TradingView T... ]
Affiliate Link - [bit.ly/tradingviewDT](bit.ly/tradingviewDT)
MUSIC USED
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Epidemic Sound
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[@FuturesTrader750]

Very good video Luke! I can't wait for the next one!

[@DisciplinedTraderUK]

Thanks Alin, glad you liked it

[@progtom7585]

Brilliant video... Keeping emotions under control is a big one. Loved the "cut your losses and let your winners run" quote

[@DisciplinedTraderUK]

Thanks Tom. I think it's a saying that gets banded about quite a bit without people really knowing how to interpret it. Definitely key though 👍

[@Luffytoro]

This is pure insight 🙏

[@nurzairi72]

Hello Luke. This is your 2nd video I am watching. Looking forward to watch more. Keep up the great work!

[@DisciplinedTraderUK]

Thanks Naz 👍 glad you like the content

[@DEEP_PRACTICE]

Just wanted to throw out a massive thank-you for your clarity and candid videos. I'm a new subscriber to your channel, and to the world of trading stocks. You're helping us all be more way more responsible for our finances on our trading adventures.

[@DisciplinedTraderUK]

Thanks very much! So pleased to hear the channel has been helpful Backup Boy 👍

[@airlemental]

I will totally accept your wisdom over suffering through the experiences. Thank You. Also, I love the beautiful Star Wars art you chose on your background wall.

[@DisciplinedTraderUK]

Thanks Luft!

[@abelaleuchol3325]

Such a precious teacher... I love the way you are honest and simple in explanation.

[@DisciplinedTraderUK]

Thanks Abel, glad it was useful 👍

[@iM3j3n]

yo uare the only one i subscribed to this year, absolutely perfectly done informative and well structured content 9.5/10 thanks

[@DisciplinedTraderUK]

Appreciate that!

[@atomic_moltivations]

❤Thanks for your knowledge

[@ericjackson6082]

Luke thanks for this video! I am a NB into the stock world put $200 in and realized pretty fast that I didn't know what some of the terms was or even the very basics of risk management so I did a self pullback lol so now taking time and making the effort to learn I will be watching more of your videos but this one is spot on thanks again!!

[@DisciplinedTraderUK]

Glad you realised so early on Eric, a lot of people can lose a lot of money in that early phase. Pleased the video helped too 👍

[@botadufig05]

This is really useful. New subscriber. I've watched 3 of your videos now and they are very educative. Thank you.

[@DisciplinedTraderUK]

Awesome, thank you! 👍

[@sub_zero470]

As a new bie in 2023 this has come through for me... Learning a lot from this channel. 💯

[@duannmarais1311]

Really good. Glad I found the channel.

[@DisciplinedTraderUK]

Thanks Duann, glad you like it 👍

[@hd4453]

Really Good advice Mate! Great video

[@DisciplinedTraderUK]

Thanks H D, glad you liked it 👍

[@sechabamokete9029]

Maaaan, this is really powerful!

[@DisciplinedTraderUK]

I put a lot of effort into this video so I'm glad it's helpful 👍

[@damijolibois2002]

Please make a video on why backtesting will take you to newer heights... like a motivational one

[@tsotsomaphillip9742]

massive video, thank you very much you help us with the trading mindset that we should accept that we wont be correct always

[@DisciplinedTraderUK]

No problem at all! Glad it helped 👍

[@Vixqueentravel]

this is great thank you ill share with my team.

[@DisciplinedTraderUK]

No problem at all 👍

[@lakshmangudur4962]

Awesome video

[@user-bj5jr4ie1b]

Thank you So much

[@DisciplinedTraderUK]

No worries at all!

[@Louis-yg3xq]

Excellent!

[@DisciplinedTraderUK]

Thanks Louis

[@jimmyn1357]

This is quality man

[@DisciplinedTraderUK]

Thanks Jimmy 👍

[@davecee]

Thankyou sir!

[@DisciplinedTraderUK]

No problem at all 👍

[@dele]

Thank you for these mate am new subscriber to your channel and to trade and would like to learn as much as I can before I start, but I have a question bout stop loss, does stop loss cancel your trade when it hits , thank you

[@trivoentertainment9430]

Expectations

[@wandyboen5221]

respect from Bali !

[@DisciplinedTraderUK]

Thanks Wandy!

[@thetrader3656]

Great video. Almost all trades might have gone through this situation. I am also one among them.

[@DisciplinedTraderUK]

It's very common unfortunately, glad you liked the video though 👍

[@IndoPacificInc]

Wonderful tips and valuable information. However, every one talks about the principle... but not about how shall we all calculate the number % or $ to actually executed. If you have a video explaining this, please let us know. Thank you for your great work!👍

[@bobblack4048]

I am considering entering the trading world, all be it a little late in life. There is so much to learn. I absolutely love your videos but there are so many. Can you suggest a sequence of videos to watch, before I take the plunge. Thank you.

[@DisciplinedTraderUK]

Hi Bob, start with the trading basics series I've made. You can find it on the playlist tab on my channel page 👍

[@Charee123]

Nice video!

[@DisciplinedTraderUK]

Thanks 👍

[@alessandropelliccioni1311]

very nice video...thank you very much for the information.

[@alessandropelliccioni1311]

I just can't get my head wrapped around the 1%/2% statement, I mean isn't it a bit low? I've made 80+% on a couple of trades, trading crypto with a 10x leverage. Have done a lot of dumb shit and lost those profits but I'm pretty sure I could keep them if I had more knowledge and did less dumb shit lol

[@DisciplinedTraderUK]

Hi Jami, I'm working on a video which will hopefully highlight to you why that risk figure is what it is 👍

[@alessandropelliccioni1311]

@@DisciplinedTraderUK thanks! looking forward to watch it.

[@kawinjar]

thanks

[@DisciplinedTraderUK]

You're welcome!

[@peppercorn4196]

I was already trying to get my self to trading since 2017 but i literally don't know wheteto start so i watch couple of videos little by little learning everyday on things i focuses most is the risk management.

[@DisciplinedTraderUK]

It's an important aspect to understand properly that's for sure 👍

[@kachilamikempande605]

If not for this video I would have screwed up just on my first days of trading,thanks so much disciplined trader🙏🏾

[@DisciplinedTraderUK]

Glad it helped!

[@bradleyudebwe2801]

I'm a newbie broo l just created my trading account account three days ago. After watching this video .l leant that what l need to do is to lower my expectations coz l was over expecting bigger things with little knowledge

[@DisciplinedTraderUK]

So many of us do the same Bradley!

[@jonathanross4196]

Thanks Luke for the video. I want to ask you if you trail your stop loss or you just set the order, set the SL and the TP and forget. That trade ends either in TP or SL. Any recomendations.

[@DisciplinedTraderUK]

Hi Jonathan, I've used various strategies over the years and some of them work better with a trail stop and some of them work better with the set and forget method. It all comes down to what your testing shows is the best method to use 👍

[@aypibar3478]

You are 100% right but i dont know why human being always thinks that they can do things better than the others at the very first stages of starting a new business

[@DisciplinedTraderUK]

I do it less the older I get 😂

[@kentjohnson2884]

I'm loving the videos and learning a ton about trading, but I have a question. How do these concepts translate to swing trading rather than day trading? I am an engineer by day and am opening a trading IRA with a very small amount of funds to trade with as a hobby. Since I don't have the time to devote and I only plan on doing it as a side gig I like the slower pace of swing trading. However, I love the content you make and plan on instituting almost everything you talk about. That said; I also don't want to be inadvertently making the mistake of applying something you do in day trading that doesn't work the same in swing trading. Can you help a brother out?

[@DisciplinedTraderUK]

Hi Kent, thanks for the feedback, really pleased to hear you're finding the content helpful. Nearly everything I've discussed on this channel applies to trading on the whole, regardles of what style of trading you do. So no problem there. I actually mainly swing trade myself currently so all the upcoming content will be based around swing trading rather than day trading anyway 👍

[@Gwdufsm]

hey thanks I have gone through all your videos. please do you provide any mentorships? been trading on my own for 3 years and no progress at all

[@DisciplinedTraderUK]

I don't as it stands Mr K. I do have plans for this year though. The KZbin channel is the best place to stay updated 👍

[@QuranFinder]

Hi Luke, how long should you keep a trade open for if you were trading in periods of m5 or h1? Thank you

[@DisciplinedTraderUK]

There isn't really a set time QuietGamer. There are lots of variables that will affect your average trade duration. For example, if you aim for 3 to 1 on your trades, these are likely to take longer than when looking for a 1 to 1 risk to reward on your trades. If you have backtested your strategy, you will get a guage of how long it typically takes for your trades to play out. Hope that helps 👍

[@QuranFinder]

@@DisciplinedTraderUK Ah ok, thank you.

[@patbosher8963]

I must be doing something wrong. Been on demo 18mth. Some of these situations sound very similar. I need to start again.

[@DisciplinedTraderUK]

Hi Pat, yes they are easy traps to fall into. Sometimes just hearing them out loud helps things click 👍

[@gmack6097]

What platform/exchange are you using?

[@DisciplinedTraderUK]

I use TradingView G Mack. I have a tutorial on the channel if you're interested 👍

[@lovemorebanda5030]

My account is small what is the best leverage to use

[@DisciplinedTraderUK]

Whatever leverage allows you to trade at the position size you have decided is sensible

[@delroynyabadza1061]

Haaa inin hangu ndino buda chete urimhata iwewe

[@wolley21]

Just wondering if you're full time trader and how long have you been trading 😊

[@DisciplinedTraderUK]

Hi Ann, I swing trade mostly so I'm not sat in front of the charts all day but I'm as full time as a swing trader can be I guess 😃 I've been trading nearly 10 years

[@wolley21]

@@DisciplinedTraderUK woahh 10 years, great 😊👍

[@iM3j3n]

2:45 10 20 50% of what from their trading (as info i started a demo account today and only traded bitcoin, i only used sell or buy and later then bought or sold and after 15 trades in 1 day and always buying or selling 1 btc i have finished up with +1100€ and i dont have that much info yet, so i think if yo uare good at it you can get at least 5 to 10k a month consistently i mean i got over 1k in 1 day without knowledge so if you mean 10 20 or 50% of their job wages then i would disagree but yeah idk and i also know that this day was probably also very lucky for me but still 14 out of 15 trades bringing me money just from buying and selling with the thought '' i think its gonna go down now'' is quite decent right)

[@DisciplinedTraderUK]

If you take that approach with a live account I guarantee that you will lose a lot of that money, if not all of it.

[@iM3j3n]

@@DisciplinedTraderUK i fully understand that thats why im currently demo testing with these margins so i feel more comfortable with it, currently its looking promising for the future which means if i give it a lot more time maybe i will start doing it if i traded like 2000 times lets say and was right about 1200 to 1400 times then im confident enough but still thanks

[@sshakstrending1737]

hv nthng 2 say bt 2 only say thnks koz am over motivated by yur videos

[@DisciplinedTraderUK]

Thanks! Glad you like them 👍

[@famousbreezy4568]

Hi Sir, I'm Kelvin from Ghana I've been following you for a while now I'm just 18years of age I really need forex to change my Buh I'm just a beginner can I please get your contain so u take me through this properly I appreciate every work here Buh I need your help personally pls

[@arkhypersongs6790]

Hlo sir

[@DisciplinedTraderUK]

Hi

[@arkhypersongs6790]

@@DisciplinedTraderUK please can you my mentor 🙏