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."
@chrisbrian4332 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!
@timwest91232 жыл бұрын
facts only
@chrisbrian4332 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.
@queenofkatwe39902 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,,,
@thepotter8672 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.
@chrisbrian4332 жыл бұрын
@@queenofkatwe3990 Guess she does. I am neither from there nor do I stay there hahaha.
@ch3ckm82 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
@FinancialWisdom2 жыл бұрын
Completely agree, back testing theory has been key to my progress over the years.
@q-q-qiah11 ай бұрын
How many succeed would you say?
@kingal8911 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
@floxydorathy661111 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
@floxydorathy661111 ай бұрын
Pls who is this coach that guides you? I’m in dire need of one
@floxydorathy661111 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 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_makesgames22642 жыл бұрын
Excellent video - Few new traders understand the concepts that you present especially the concept of expectancy. Keep it up!
@FinancialWisdom2 жыл бұрын
Thanks 👍
@williamkz2 жыл бұрын
Thanks Gareth. Great consolidation of basic principles. I wish I'd paid more attention to statistics at school!
@FinancialWisdom2 жыл бұрын
You and me both!😉
@CatsAndGoodCoffee10 ай бұрын
Great video as always.
@FinancialWisdom9 ай бұрын
Thanks
@princephilipog13362 жыл бұрын
Im a forex trader and this was really good - Nice work!
@FinancialWisdom2 жыл бұрын
Glad you liked it!
@mnzd4752 жыл бұрын
One of the best that you have ever made👍
@FinancialWisdom2 жыл бұрын
Thanks🙏
@whoiswho222 жыл бұрын
Really love your videos and strategy, thank you and keep it up! Btw, some content about dividends for Cashflow purpose coming?
@FinancialWisdom2 жыл бұрын
Sure thing!
@whoiswho222 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.
@evelynm25302 жыл бұрын
dividend investing. Wouldn't that involve a buy and hold strategy which is not what he advises
@ciaoatutti111111112 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-fh7tb2 ай бұрын
9:41 mindblowing
@BioInsight_Lectures2 жыл бұрын
Thanks again for the nice video and update my knowledge.
@FinancialWisdom2 жыл бұрын
My pleasure!
@paulnyagini9 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 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-gw6zx4et4u10 ай бұрын
The problem is when you increase your risk to reward your winrate reduces
@paulnyagini9 ай бұрын
Excally.
@DanielFlores-no9wc2 жыл бұрын
Cheers from Panamá 🇵🇦
@FinancialWisdom2 жыл бұрын
Cheers from Wales!
@DanielFlores-no9wc2 жыл бұрын
@@FinancialWisdom great place
@Amitkumar-gh7wc2 жыл бұрын
nice video and update my knowledge. Thanks
@FinancialWisdom2 жыл бұрын
It's my pleasure
@wmhmw60492 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
@FinancialWisdom2 жыл бұрын
Noted
@vikassinha63202 жыл бұрын
Thank you! Very educational and informative. Question -- Any thoughts/strategies on trading leveraged 3x ETFs?
@FinancialWisdom2 жыл бұрын
So long as they are well diversified. Personally I await a minimum 25% correction before averaging into ETF's etc.
@lakhangangurde1902 жыл бұрын
Very very nice video sir 👌.. I love your video... ❤️
@FinancialWisdom2 жыл бұрын
Thanks and welcome
@tdb53182 жыл бұрын
Thank you very much for your education!! Have a great week.
@FinancialWisdom2 жыл бұрын
Thank you! You too!
@robert_negoita3 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?
@FinancialWisdom2 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 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 Жыл бұрын
Hi Paul, no it is the difference between the two, it's a common mistake by many
@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!
@yasinnabi2 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....
@SujitDutta2 жыл бұрын
"Probably" see you soon.
@FinancialWisdom2 жыл бұрын
You got it 👍😀
@fatihkayal90212 жыл бұрын
As always, I clicked the like button before watching the video.Thank you
@FinancialWisdom2 жыл бұрын
I appreciate that
@MARKCRASTO3 ай бұрын
You keep talking about your personal style, but ended up making 26% returns in the USIC. Odd, very odd.
@fidelisokodu2012 жыл бұрын
Thanks for the videos.
@FinancialWisdom2 жыл бұрын
Glad you like them!
@titanstrading Жыл бұрын
great video as always, thanks my friend
@FinancialWisdom Жыл бұрын
Thank you.
@totalizer48242 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 ?
@FinancialWisdom2 ай бұрын
I would say you were misinformed 😉
@totalizer48242 ай бұрын
@@FinancialWisdom what are your arguments ?
@totalizer4824Ай бұрын
@@FinancialWisdom I bet you are not a profitable trader.
@johnschenck84972 жыл бұрын
KZfaq has now added 2 or 3 ads before you can watch a video. C'm on youtube.
@FinancialWisdom2 жыл бұрын
Yes a bit much lately...
@JanosTerroz2 жыл бұрын
Another great video.
@FinancialWisdom2 жыл бұрын
Thanks 👍
@johnpark284711 ай бұрын
Mark Douglas is the only reason as to why you made this video.... And he is an American.....
@Bill01029 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
@siomokof34259 ай бұрын
6:37
@richardcrown97642 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♥
@benroland36522 жыл бұрын
With just a thousand bucks. my portfolio is worth much more now within just weeks of trading with her thanks Stacie.
@martinthomas93712 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
@felixsizer3002 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
@anitalawrence26682 жыл бұрын
Pretty good. please how can i reach this Mrs Stacie? i want to invest i'm in Taiwan
@martinthomas93712 жыл бұрын
@@anitalawrence2668 REACH HER ON HER TELEGRAM
@luisc63352 жыл бұрын
You lose all at roulette because your line is TOO SMALL.
@ellydavis20662 жыл бұрын
Maths.
@FinancialWisdom2 жыл бұрын
That sums it up :-)
@nisargpatel88912 жыл бұрын
100% loose
@brunosilva65011 ай бұрын
Great video, Jesus Christ saves! John 3:16!!!
@FinancialWisdom10 ай бұрын
🙏
@Serenelove5202 ай бұрын
This is a lot of bullshit and misconception
@watchingyoutalk65392 ай бұрын
Sorry, but this was the most pointless video I’ve ever watched.