Pro Trader Shares 2023 Trading Results In Forex, Stocks, and Crypto...
Published: 2023-10-13
Status:
Available
|
Analyzed
Published: 2023-10-13
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The speaker achieved approximately a 70% gain in Forex trading over the nine months prior to the video.
"these results around a 70% gain over the past nine or so months are all based on exactly what I teach here on YouTube"
Pending
The speaker achieved approximately a 70% gain in Forex trading over a nine-month period in 2023 using their taught strategies.
"These results around a 70% gain over the past nine or so months are all based on exactly what I teach here on YouTube along with in the TTC 4X University."
Pending
If the current monthly return of 7.8% continues, the projected annual return for Forex trading by the end of 2023 is approximately 93%.
"we're hitting about a 7.8% return per month we multiply that by 12 it means that if everything goes perfectly I should hit around a 93% return by the end of the year"
Pending
The speaker achieved approximately a 35% return in stock trading during 2023.
"we're up about 34.95 per. so we can round that up to about a 35% return so far in stocks in 2023"
Pending
The speaker achieved approximately a 54% return in crypto trading during 2023.
"that means throughout 2023 I've been able to accumulate somewhere around 54% in crypto"
Pending
Projected annual Forex return of approximately 93% for 2023, based on an average monthly return of 7.8%, assuming ideal market conditions.
"we're hitting about a 7.8% return per month we multiply that by 12 it means that if everything goes perfectly I should hit around a 93% return by the end of the year"
Pending
The speaker achieved approximately a 35% return in stock trading during 2023.
"throughout the year of 2023 we're up about 34.95 per. so we can round that up to about a 35% return so far in stocks in 2023"
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It is essential to master the fundamentals of any market before trading with real money.
"mastering the basics of whatever Market you decide to trade is absolutely necessary and must happen well before you start trading with live money"
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The speaker achieved approximately a 54% return in crypto trading during 2023.
"that means throughout 2023 I've been able to accumulate somewhere around 54% in crypto that was my results so far in 2023"
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The speaker guarantees that a trader will not be successful if they do not master the basics of the market they are trading in.
"if you don't master the basics of the market you're trading in I will go on record right now and say I can guarantee you'll never be successful until you do"
Pending
A profitable trading strategy should have a win rate over 50% and a reward-to-risk ratio greater than 1:1.
"strategies don't win 100% of the time but if you can find something that wins over 50% with more than a one to one reward risk ratio then you're going to be doing pretty well"
Pending
Summary of 2023 performance: ~7% in Forex, ~35% in stocks, and ~54% in crypto.
"around 7% in Forex around 35% in stocks and around 50% 54% in crypto so far in 2023"
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Backtesting a trading strategy not only verifies its profitability but also improves the trader's ability to spot trading opportunities.
"back testing shows us if our strategy is profitable but also it helps us to start spotting it easier"
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Emphasizes that mastering the fundamental basics of any market is a prerequisite to trading with live money.
"mastering the basics of whatever Market you decide to trade is absolutely necessary and must happen well before you start trading with live money"
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Trading live without a completed risk management plan, developed through prior steps, is identified as a significant reason for not being profitable.
"notice all the way up to this point have you placed a live trade at all no so have you completed the things on this list yet you probably haven't and if you're trading live without having completed the things on this list then that's going to be one of the main contributors to you not being profitable yet"
Pending
A strong statement guaranteeing that a trader will not achieve success if they do not master the basics of the market they are trading in.
"if you don't master the basics of the market you're trading in I will go on record right now and say I can guarantee you'll never be successful until you do"
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Trading psychology is considered the most challenging aspect to master in trading.
"trading psychology is definitely the most difficult thing to master in trading"
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Key components of mastering technical analysis include understanding trends, swing highs/lows, structural levels, chart patterns, and candlestick patterns.
"mastering technical analysis would look like this you'd want to know understand things like Trends things like how to spot swing highs and lows things like how to spot major levels of structure understanding chart patterns and Candlestick patterns"
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When starting live trading, it is recommended to begin with a very small portion of the intended capital for the first month.
"you want to start with a very small portion of what you initially plan to start with and just trade for a month with that"
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A strategy is considered profitable if it has over a 50% win rate and a reward-to-risk ratio greater than 1:1.
"if you can find something that wins over 50% with more than a one to one reward risk ratio then you're going to be doing pretty well"
Pending
Backtesting strategies on historical data to verify past profitability is crucial for predicting future success.
"you need to have tested those strategies throughout historic data and seen them to be profitable in the past that gives them the best likelihood of being profitable in the future"
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Backtesting improves real-time trading by training the brain to recognize specific strategies and conditions, leading to smoother and faster execution.
"the more your brain sees something the more you train your reticular activating system to see a specific strategy a specific set of conditions an entry when you train your brain to see that that's going to make your real-time trading go a lot smoother and a lot faster"
Pending
Minimum optimization for trading strategies includes identifying best-performing pairs, maximizing reward-to-risk ratio for ROI, and aligning with available trading times.
"at a bare minimum you want to optimize for the pairs that the strategy or strategies trade best on and you want to optimize for the reward to risk ratio you can get that gives you the best ROI throughout your testing period and you want to optimize for the time of day you can actually trade"
Pending
To create a risk management plan, analyze backtesting results for maximum and general drawdowns, and determine a comfortable loss amount.
"what you're going to have to do when creating this risk management plan is take a look at your optimized back testing results see what your maximum draw down was throughout those results check out the general draw down that you see and ask yourself what is an amount that you would be comfortable losing throughout a draw down"
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A key aspect of trading psychology is becoming comfortable with incurring losses, with the conviction of future profitability, especially during drawdowns.
"you have to make yourself comfortable with losing some of your hard-earned money for the belief that you will make it back and then some in the future while you're going through a draw down"
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Gaining experience and increasing belief in trading systems can be achieved through demo trading before moving to live accounts.
"the way we do that you can do it through demo trading or through trading with a small account which is actually number nine so after you've demo traded for a while increase that belief and you have some experience"
Pending
It is recommended to start live trading with a very small portion of the planned capital, rather than the full amount or life savings.
"that's when you want to start with a small account you don't want to start with the exact amount you were going to start with from the beginning you don't want to start with like your life savings you want to start with a very small portion of what you initially plan to start with"
Pending