29 Comments

  1. Really good advice there, just one thing about comparing SWING vs DAY trading. SWING trading is all about prediction and gambling and feeling happy that market went your direction and u got those many pips.
    Guys! It is not about how many pips you make, but how much is a return for the pip!!!
    If there is rules based strategy for day trading or scalping, then u are eliminating market predictions and so called gambling in trading, u know the direction of market, up/down trend, u r patient and wait for your rules to match and make a quick trade, and in this case u r consistently making profits without trying to predict those big moves.
    BTW Im writing this to myself, to finally wake up!
    Change your mindset – it is not about the pips, but how much for a pip!
    Good luck for everyone in trading!

  2. I agree with these points Im a psychologist and Ive been trading less than 2 years. I studied the habits of successful traders vs losing traders and I found that successful traders favor the long term ( use daily, weekly charts), they are patient, delay instant gratification, research and study 95 percent of the time and the other 5 percent they are trading instead of the reverse like short term traders. As soon as i made those observations i made those changes and the results showed. I look at all three types fundamental, technical and sentimental analysis and use tools like commitment of traders reports and divergences in central bank policies of the 8 major currencies. One thing i would add is that you can have a winning strategy but you must have the skill and discipline to execute it properly. Trust me, Thanks great video.

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