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How to Trade Stocks (Using Probability & Edge)

  Рет қаралды 99,417

Financial Wisdom

Financial Wisdom

Күн бұрын

Пікірлер: 101
@suntouch3r
@suntouch3r 9 ай бұрын
4:29 "Each event is completely random. Anything can happen in the short term. Losing streaks and winning streaks are common, but with a large enough sample of trades the EDGE will eventually materialize."
@chrisbrian433
@chrisbrian433 2 жыл бұрын
This was very informative but newbies still must realize that the market comes with lots of risks and you could potentially lose all. Secondly, what works for A must not necessarily work for B. Always make correct inquiries before putting your money somewhere or better still, get the services of a pro (that way, you give little room for error get tailored investments and save time). Made my first million earlier this year this way. Good luck!
@timwest9123
@timwest9123 2 жыл бұрын
facts only
@chrisbrian433
@chrisbrian433 2 жыл бұрын
@Rosemarie Luiz Funny enough, I can honestly relate. It's not as easy as it may sound and requires some sacrifices but it is definitely rewarding. I don't know if I am permitted to go into details here, but her name is "Leah Marie Sandock". Was in the news a lot in 2018. You may look her up for more.
@queenofkatwe3990
@queenofkatwe3990 2 жыл бұрын
@@chrisbrian433 wow I know this little lady. Once attended a fundraiser she was also in attendance in Vancouver,, Great speaker with a funny accent,, She's American though, I doubt she works with foreigners,,,
@thepotter867
@thepotter867 2 жыл бұрын
@@queenofkatwe3990 This right here is the second time I am coming across this name in a week. Came to my school for a program and it was lit and yes, she has a really cute southern accent.
@chrisbrian433
@chrisbrian433 2 жыл бұрын
@@queenofkatwe3990 Guess she does. I am neither from there nor do I stay there hahaha.
@ch3ckm8
@ch3ckm8 2 жыл бұрын
It's not enough to do technical analysis to have win rate advantage. You have to backtest. It's usually because traders never backtest thats why they lose money in the long run. Even though technical analysis is widely used, theres very few who succeed
@FinancialWisdom
@FinancialWisdom 2 жыл бұрын
Completely agree, back testing theory has been key to my progress over the years.
@q-q-qiah
@q-q-qiah 11 ай бұрын
How many succeed would you say?
@kingal89
@kingal89 11 ай бұрын
That goes without saying. Impossible to know win rate of a system without backtesting and forward testing. Completely pointless to trade a system without testing it
@floxydorathy6611
@floxydorathy6611 11 ай бұрын
What is the best way to profit from the current market, meanwhile I'm still undecided about investing $40k in my stock portfolio to get some dvidends and minimize risk
@floxydorathy6611
@floxydorathy6611 11 ай бұрын
Pls who is this coach that guides you? I’m in dire need of one
@floxydorathy6611
@floxydorathy6611 11 ай бұрын
I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
@thetrumanshow4791
@thetrumanshow4791 Жыл бұрын
The nearest brick and mortar casino to me is 3 hours and 10 minutes. It is what you would call a "real" casino. They have dozens of roulette tables. The minimum bet at any of those roulette tables is $25 (NOT $5. (Maybe $5 bets 20 years ago?) Assuming you ONLY have $100 to bet, you could place 4 different bets for $25 each. At $25 per spin of the wheel, you could lose your money in about 8 to 10 minutes. Good job!
@jb_makesgames2264
@jb_makesgames2264 2 жыл бұрын
Excellent video - Few new traders understand the concepts that you present especially the concept of expectancy. Keep it up!
@FinancialWisdom
@FinancialWisdom 2 жыл бұрын
Thanks 👍
@williamkz
@williamkz 2 жыл бұрын
Thanks Gareth. Great consolidation of basic principles. I wish I'd paid more attention to statistics at school!
@FinancialWisdom
@FinancialWisdom 2 жыл бұрын
You and me both!😉
@CatsAndGoodCoffee
@CatsAndGoodCoffee 10 ай бұрын
Great video as always.
@FinancialWisdom
@FinancialWisdom 9 ай бұрын
Thanks
@princephilipog1336
@princephilipog1336 2 жыл бұрын
Im a forex trader and this was really good - Nice work!
@FinancialWisdom
@FinancialWisdom 2 жыл бұрын
Glad you liked it!
@mnzd475
@mnzd475 2 жыл бұрын
One of the best that you have ever made👍
@FinancialWisdom
@FinancialWisdom 2 жыл бұрын
Thanks🙏
@whoiswho22
@whoiswho22 2 жыл бұрын
Really love your videos and strategy, thank you and keep it up! Btw, some content about dividends for Cashflow purpose coming?
@FinancialWisdom
@FinancialWisdom 2 жыл бұрын
Sure thing!
@whoiswho22
@whoiswho22 2 жыл бұрын
@@FinancialWisdom my strategy, thanks also your help, is 2/3 growth stocks/crypto. However I am working right no on putting 1/3 into dividends to generate some Cashflow to pay basic bills and want to start now so it really has some impact in 10+years from now.
@evelynm2530
@evelynm2530 2 жыл бұрын
dividend investing. Wouldn't that involve a buy and hold strategy which is not what he advises
@ciaoatutti11111111
@ciaoatutti11111111 2 жыл бұрын
May I make a suggestion for next video? Stock correlation how to avoid too closely stock make all of your basket.. I personally think there is a big misconception there that lead people to consider shorting the market when it does not go as expected... But I will let you to take care about it! :-)
@HnuchhamTraders-fh7tb
@HnuchhamTraders-fh7tb 2 ай бұрын
9:41 mindblowing
@BioInsight_Lectures
@BioInsight_Lectures 2 жыл бұрын
Thanks again for the nice video and update my knowledge.
@FinancialWisdom
@FinancialWisdom 2 жыл бұрын
My pleasure!
@paulnyagini
@paulnyagini 9 ай бұрын
There is the old say the more you bet the more edge you give to the house.and if you cannot spot the sucker at the table then you are probably the one.
@stevek5461
@stevek5461 Жыл бұрын
Great and very informative video. I understand the concept of determining the amount of risk for a trade ( ie. stop loss point) , but how is the amount of reward determined? I don't think an empirical 2:1 , 3:1 etc, for a R:R is practical. Any ideas ? Thanks
@user-gw6zx4et4u
@user-gw6zx4et4u 10 ай бұрын
The problem is when you increase your risk to reward your winrate reduces
@paulnyagini
@paulnyagini 9 ай бұрын
Excally.
@DanielFlores-no9wc
@DanielFlores-no9wc 2 жыл бұрын
Cheers from Panamá 🇵🇦
@FinancialWisdom
@FinancialWisdom 2 жыл бұрын
Cheers from Wales!
@DanielFlores-no9wc
@DanielFlores-no9wc 2 жыл бұрын
@@FinancialWisdom great place
@Amitkumar-gh7wc
@Amitkumar-gh7wc 2 жыл бұрын
nice video and update my knowledge. Thanks
@FinancialWisdom
@FinancialWisdom 2 жыл бұрын
It's my pleasure
@wmhmw6049
@wmhmw6049 2 жыл бұрын
Hi..I'm a fan of your channel. Great stuff and very educational. One thing i would like to ask for your favor if you could show how to use your monte carlo analysis. I have purchased the spreadsheet but couldn't get the same result as you show in min 5:23.. thanks
@FinancialWisdom
@FinancialWisdom 2 жыл бұрын
Noted
@vikassinha6320
@vikassinha6320 2 жыл бұрын
Thank you! Very educational and informative. Question -- Any thoughts/strategies on trading leveraged 3x ETFs?
@FinancialWisdom
@FinancialWisdom 2 жыл бұрын
So long as they are well diversified. Personally I await a minimum 25% correction before averaging into ETF's etc.
@lakhangangurde190
@lakhangangurde190 2 жыл бұрын
Very very nice video sir 👌.. I love your video... ❤️
@FinancialWisdom
@FinancialWisdom 2 жыл бұрын
Thanks and welcome
@tdb5318
@tdb5318 2 жыл бұрын
Thank you very much for your education!! Have a great week.
@FinancialWisdom
@FinancialWisdom 2 жыл бұрын
Thank you! You too!
@robert_negoita
@robert_negoita 3 ай бұрын
In order to use risk reward ratios, would you use CFDs with set stop losses or just basic stock purchase with a sell order as a stop loss?
@FinancialWisdom
@FinancialWisdom 2 жыл бұрын
My Breakout Scanner - bit.ly/3ea6sl8 My Forum - www.financialwisdomTV.com/forum My Strategy Blueprint - www.financialwisdomtv.com/plans-pricing My Brokerage Account (Interactive Brokers) - bit.ly/3UGvn1U Trading Simulator - www.financialwisdomtv.com/shop
@paulmorales390
@paulmorales390 Жыл бұрын
How did you calculate the edge? Because 1 divided by 38 is .02631? I don’t know how you came up with 5.26%
@FinancialWisdom
@FinancialWisdom Жыл бұрын
Hi Paul, no it is the difference between the two, it's a common mistake by many
@paulmorales390
@paulmorales390 Жыл бұрын
@@FinancialWisdom thank you for the help! Love the channel! Thank you for making videos like this because it’s my learning style and you make things simple and easy!
@yasinnabi
@yasinnabi 2 жыл бұрын
You can only become truly accomplished at something you love. Don’t make money your goal. Instead, pursue the things you love doing, and then do them so well that people can’t take their eyes off you. --Maya Angelou....
@SujitDutta
@SujitDutta 2 жыл бұрын
"Probably" see you soon.
@FinancialWisdom
@FinancialWisdom 2 жыл бұрын
You got it 👍😀
@fatihkayal9021
@fatihkayal9021 2 жыл бұрын
As always, I clicked the like button before watching the video.Thank you
@FinancialWisdom
@FinancialWisdom 2 жыл бұрын
I appreciate that
@MARKCRASTO
@MARKCRASTO 3 ай бұрын
You keep talking about your personal style, but ended up making 26% returns in the USIC. Odd, very odd.
@fidelisokodu201
@fidelisokodu201 2 жыл бұрын
Thanks for the videos.
@FinancialWisdom
@FinancialWisdom 2 жыл бұрын
Glad you like them!
@titanstrading
@titanstrading Жыл бұрын
great video as always, thanks my friend
@FinancialWisdom
@FinancialWisdom Жыл бұрын
Thank you.
@totalizer4824
@totalizer4824 2 ай бұрын
what if i told you there is no edge in choosing RR? what if a high RR automatically sinks the WR and viceversa? what if ?
@FinancialWisdom
@FinancialWisdom 2 ай бұрын
I would say you were misinformed 😉
@totalizer4824
@totalizer4824 2 ай бұрын
@@FinancialWisdom what are your arguments ?
@totalizer4824
@totalizer4824 Ай бұрын
@@FinancialWisdom I bet you are not a profitable trader.
@johnschenck8497
@johnschenck8497 2 жыл бұрын
KZfaq has now added 2 or 3 ads before you can watch a video. C'm on youtube.
@FinancialWisdom
@FinancialWisdom 2 жыл бұрын
Yes a bit much lately...
@JanosTerroz
@JanosTerroz 2 жыл бұрын
Another great video.
@FinancialWisdom
@FinancialWisdom 2 жыл бұрын
Thanks 👍
@johnpark2847
@johnpark2847 11 ай бұрын
Mark Douglas is the only reason as to why you made this video.... And he is an American.....
@Bill0102
@Bill0102 9 ай бұрын
The understanding in this content is exceptional. A book with akin insights brought a new depth to my life. "Mastering Money Mindfulness" by Benjamin Hawk
@siomokof3425
@siomokof3425 9 ай бұрын
6:37
@richardcrown9764
@richardcrown9764 2 жыл бұрын
I make huge profits on my investment since i started trading with a professional broker Mrs Stacie Morgan, her trading strategy are top notch coupled with the little commission she charges on her trade. Thanks so much ma'am♥
@benroland3652
@benroland3652 2 жыл бұрын
With just a thousand bucks. my portfolio is worth much more now within just weeks of trading with her thanks Stacie.
@martinthomas9371
@martinthomas9371 2 жыл бұрын
I'm surprise to see others who trade with Mrs Stacie, i am currently on my 5th trade with her and my portfolio has grown tremendously
@felixsizer300
@felixsizer300 2 жыл бұрын
I thank you for the level-headed financial advice. I started my investment with $3,345 in just a week of trading with her I’ve gotten $7,939 in my portfolio. Thank you Ma'am
@anitalawrence2668
@anitalawrence2668 2 жыл бұрын
Pretty good. please how can i reach this Mrs Stacie? i want to invest i'm in Taiwan
@martinthomas9371
@martinthomas9371 2 жыл бұрын
@@anitalawrence2668 REACH HER ON HER TELEGRAM
@luisc6335
@luisc6335 2 жыл бұрын
You lose all at roulette because your line is TOO SMALL.
@ellydavis2066
@ellydavis2066 2 жыл бұрын
Maths.
@FinancialWisdom
@FinancialWisdom 2 жыл бұрын
That sums it up :-)
@nisargpatel8891
@nisargpatel8891 2 жыл бұрын
100% loose
@brunosilva650
@brunosilva650 11 ай бұрын
Great video, Jesus Christ saves! John 3:16!!!
@FinancialWisdom
@FinancialWisdom 10 ай бұрын
🙏
@Serenelove520
@Serenelove520 2 ай бұрын
This is a lot of bullshit and misconception
@watchingyoutalk6539
@watchingyoutalk6539 2 ай бұрын
Sorry, but this was the most pointless video I’ve ever watched.
@FinancialWisdom
@FinancialWisdom 2 ай бұрын
Then you must know it all.
@gen6523
@gen6523 2 жыл бұрын
promosm 🤭
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