Tra
Trading Psychology
Topic
N/A
Accuracy
Recent Predictions
Incorrect: 0
Pending: 68
Prediction
Author
Predicted at
Status
Video
Traders without a proven profitable track record in a simulator should not be trading with real money.
"if you don't have a positive track record of profitability in a Sim what are you doing putting real ..."
Nov 15, 2024
Pending
Following a red day (or month), it is crucial to immediately implement 'guard rails' to minimize the risk of experiencing consecutive losing periods.
"after a red day or if it's for you maybe it's a red month or whatever it is immediately as soon as y..."
Nov 15, 2024
Pending
Traders should be swift in reducing their trade size when market conditions become unfavorable ('cold') and develop a strong awareness of cautionary signals in the market.
"be quick to size down when it gets cold and learn to develop a keen awareness of caution Flags in th..."
Nov 15, 2024
Pending
During a recovery phase, the maximum trade size should be one-quarter of the usual full size, with a focus on securing small, consistent wins ('base hits') to build a cushion.
"Max size is one qu of full size Max size is one quarter full size focusing on base hits focusing on ..."
Nov 15, 2024
Pending
After approximately five trading days following a significant loss, with some recovery achieved, the trader typically experiences a substantial improvement in their emotional state.
"once I've had about 5 days between me and the loss by that point usually I've made back a little bit..."
Nov 15, 2024
Pending
Sizing up trades again occurs only after the trader feels emotionally stable and has recovered nearly half of the previous loss.
"once I'm truly feeling emotionally better and I've made back close to half of the loss then I start ..."
Nov 15, 2024
Pending
On the day of the recording, the speaker focused on securing small, consistent wins ('base hits') and successfully executed this strategy.
"so today was a day where I came in looking for base hits and I locked up base hits"
Nov 15, 2024
Pending
For traders experiencing an extended drawdown, the immediate priority is to stop further losses and implement a trading plan for a gradual recovery.
"if you've gone through an extended draw down your number one Focus right now has to be stop the blee..."
Nov 15, 2024
Pending
The potential downside of entering a recovery phase ('trader rehab') is missing a significant market move, but the significant upside is the ability to emotionally reset and trade with renewed confidence and consistency.
"the downside of not doing it is well what if there's a big move and I miss it okay that would be dis..."
Nov 15, 2024
Pending
Missing a single trade is inconsequential as the market will continuously offer new trading opportunities.
"you miss one trade who cares there's always going to be another trade around the corner"
Nov 15, 2024
Pending
The market will always be available for trading; this is an opportunity to build experience and intuition to know when to adjust trading intensity (ease off, get aggressive, or cool off).
"as I always tell you guys is look the Market's going to be here for you this is your time right now ..."
Nov 15, 2024
Pending
A disclaimer stating that trading is inherently risky, the speaker's results are not typical, and advising viewers to trade cautiously, manage risk, and recognize the market's endurance.
"trading is risky my results aren't typical so please take it slow manage your risk the market will b..."
Nov 15, 2024
Pending
Consistently achieving small wins ('base hits') and securing small green days over a 5-10 day period can lead to a significant improvement in a trader's emotional state and confidence.
"if you could start focusing on hitting base hits locking up you know small green days 5 days from no..."
Nov 15, 2024
Pending
If the speaker reaches a $55,000 max loss and continues trading, there's an 80% chance they will double that loss to $110,000.
"when I hit my Max loss of minus $55,000 when I go down that much if I continue Trad I have an 80% ch..."
Nov 15, 2024
Pending
When a trader hits their maximum loss for the day, continuing to trade will likely result in even deeper losses.
"on a day like that when you're already at at you know Max loss what's going to happen is you're goin..."
Nov 15, 2024
Pending
Consistently making $200 per day ($1,000 per week, $52,000 per year) can lead to recovering all trading losses over time.
"if you can consistently make $200 a day consistently $200 a day it's a th000 a week 1,000 a week tha..."
Nov 15, 2024
Pending
A single red day should not be overemphasized as the next day could be significantly profitable if strong news and trading setups appear, similar to a previous $50,000 green day.
"you know today is a red day but Monday could end up being a $50,000 Green Day like last Monday was s..."
Nov 1, 2024
Pending
If a trader follows the advice of writing and reading a promise note daily for two weeks to address overtrading, their trading behavior will change.
"I can almost guarantee you your behavior will change try that out"
Oct 17, 2024
Pending