Overcoming Fear as a Trader
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- čas přidán 26. 06. 2024
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In this video, I cover some great strategies to overcome fear when trading.
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0:00 Intro
0:36 Define Your Edge
1:24 Backtest Your Strategy
2:11 Tradestation
3:15 Size Down
4:11 Embrace Risk
5:13 Journal Your Trade
5:59 Final Thoughts
don't be afraid to scroll up and hit that thumbs up button on this video 💁🏻♂
I will if you post part 2 of your "From 0 to 10000" video ^^
I gotta be honest. Watched your videos long time ago for photography content. Ran across the options trading video you made in 2021. From there to making $20k yesterday on one options trade on the SPY. You changed my entire life! Thanks 🙏
wow, that’s incredible to hear. congrats.
😃 it takes discipline and years of practice to overcome fear during a trade. Sometime ago, I was aiming to profit over $2500 from a particular trade, but I felt I made a wrong decision and I panicked which led to closing the trade; That was how I lost over a thousand bucks and I only made $1500 that day. But right now, I work with this pro trader [Zachary] that oversee my affairs for me, and I prefer his job better coz he make lots of money for me - about $800 or more daily - to ensure that I and my family are good in these troubled times . Great piece!
Hello 👋🏻, I’m glad I stormed upon this very comment. I know quite little about trading and I’m keen on getting started. Can you direct me as to how to get started?
@@gabrielemiliano9213 of course! I can’t pretend to be what I’m not. I’ll just send you to Zachary as he’s been the one handling business for me. He is exceptional and well renowned hence, you don’t have to panic or worry about losing money. However, be wary of unrealistic ROI’s and bogus promises from thieves out there
😂 I had a similar issue, but this time
I lost all my money. It felt like the world ended that day 😂
@@olegkirill990 understood. How can I communicate with this Zachary you speak of?
V͎i͎s͎i͎t͎ ͎{Z͎a͎c͎h͎a͎r͎y͎ A͎l͎l͎e͎n͎ ͎m͎a͎r͎k͎} o͎n͎
First 30 seconds…. I feel attacked! Are you watching me??😂
Honestly one of the best decisions I ever made was subscribing to your channel. Huge kudos, you've been a big help in every way possible 🙂
I need to put this in the wall to remind me when trading
a couple mins ago i was jus thinking about how to overcome fear with trading, and then i refresh my youtube page and your video popped, this algorithm really did me good, and just want to say thank you man, you have really helped me here🙏
So Thank you. Really good advices for me as a novice trader.
My note:
1. Define Your Edge: Know my trading plan, use it every time on trading
2. Backtest : Check my strategy is profitable or not in the past, tuning it if not good as expect.
3. Size Down: Like a forward testing with small amount , to get the experience, feeling and not much loss if it is not work
4. Embrace Risk: Every time before trading need to know how much I can loss. Having acceptable loss is a part of the trading plan.
5. Journal Trade: To know what good/bad I have done on trading previously. It will be an experience and help improve in further trading.
Good video! I’m glad to see you uploading more regularly!
Fire video Daniel! Currently reading trading In the zone and mental game of trading. Game changer!
I can tell you really love trading. You will make it bro!✊🏾
Came here for your big win on the bets now I’m here for all your content 🙌🔥🔥
Literally just had this happen this morning
Great job!
Great tips overall! Thanks
great video great advice and help
Bonus Tip here: risk max of 1% of your money running in a trade. not 10% in 10 different trades at the same time. this will safe already a lot of beginners accounts.
This man is putting out the best quality content out there 🔥✨❤️
I defiantly think backtesting your sytem with a year or two of data is best way to improve confidence as you can clearly see how different filters effect it
Actually A great video. 1 Define Edge 2. Backtest vs execution live % win objectively calculated 3. size down to 1 mes contract until confidence re appears. 4. Embrace risk and 100% accept every risk and predefine the risk for every trade. - 5 Make a URL screenshot of every trade on tradingview and upload it to a spreadsheet. My daily goal is to simply upload a winning trade. This will give me a giant portfolio of winning trade setups that I can then memorize the pattern recognition of my strategy. (and potentially share it)
you make really nice videos thanks bro keep going
It took me a long time to learn the phycology of the market and direction of stocks. Sometimes good stocks go down and bad stocks go up and you don't find out why till several days after the move. Knowing the news that moves a stock is the most important thing.
Hi Tony, I completely agree with your saying. Do you have a good ressource for these news? (Do you just google?^^) Thanks mate
Traders don't trade the news we trade the reaction to the news
I love your videos
good tip around reducing the number of shares.
The discord server only for me I started it a month ago! And it’s really a perfect way to see your errors and your strong areas
i like you videos on trading :)
Embracing your risk is always the hardest part for newer traders IMO
Hi Daniel, can you do trade station chart set up for future
After I broke my trading account it has taken really long time to start trading again. I had to spend a long time on paper trading to regain my confidence back
@daniel Inskeep. Trade by matt stream is over so figured id come here for some love. THIS is spot on tho!. I was so fearless when i started and made kind of a lot of money (for me) and was like this is easy! Then got liquidated, and was terrified to take any trade and would always kill my trades wayyy to fast- except the losers of course, haha.. Anyways, keep it up sir!
thanks :)
have the money to be able to loose = less fear:)
yes, that is actually pretty key.
nice furniture
When are you getting back into futures trading?
Shout out to Mark Douglas, trading in the zone definitely helped me! Great info
Since you took his course and gave it a thumbs up, how about an interview with Carmine Rosato? Peace.
saving this one to favorites. thanks Dan man. keen to scope out trade station as well.
finishing your last sentence: "(...) and if you're not into reading, check out his excellent lectures on youtube". Mark Douglass is the GOAT. Anyways, nice video :). When's the update on your latest challenge??
yeah, his lectures are great. hopefully next week for the next part of my challenge!
What platform are you using to trade?
The link to tradestation is not working (tried to subscribe) FYI.
Any way to make it work?
Thank you for the great content you put online! 🌞
should be fixed
some of this trading managers are real.i tried one myself this year.all I did was open an account of $500 and I was added to their telegram group of 100% accurate trades...all I do is trade them
Ok
Tried using the tradestation link above and was directed to "Oops, page not found" at their site. The promo cope seems to be valid though.
fixed!
daniel, question for you, with these new methodologies implemented have you turned profitable? I watched your other vids and curious to know if you've changed course
Daniel if you were starting out, What course would you use ?
carmine rosato’s course.
How is your trading going ?
profit taking is soo haaard. so many winning trades went against me because of poor descision making 😅
👍
✌🏾✊🏾👍🏾💪🏾
Is the 0 to 10k challenge dead?
no, it just takes awhile to work on
I have to stop buying 0DTE contracts 🤦🏻♂️
Are you even profitable yet ?
Learn ICT concept.
the order should be
1. Size down
2. Size down
3. Size down
4. Accept Risk
5. Journal trade
6. Define edge
7. Backtest with replay
but should one size down??
@@DanielInskeep yes always size down... size down...size down...when going consistently wrong
Making big bucks in trading has the same odds of you being an NFL player, a doctor, a lawyer, etc etc. It's doable, but don't kid yourself. Unless you are obsessed, live and breathe trading, it's not going to generate anything of substance. Especially if its just a side gig. Might be able to take a few trades here and there but if you're looking to day trade you best learn everything about the markets, the charts, etc.
99% wash out.
after watching this, there's no way you haven't come across RealDyTrding, am I right?
was one of the first to join that sub 😉
@@DanielInskeep Excellent! Going on a year of being a participant myself - it’s the single most useful resource available on the internet for trading, and it’s not even close.
im glad @carminerosato has drilled trading psychology into my head everyday for the past 6 months lol