ilmscore | I Kept Losing Money...Until I Did THIS

I Kept Losing Money...Until I Did THIS

Predictions from this Video

Total: 16
Correct: 0
Incorrect: 0
Pending: 16
Unrated: 0
Prediction
Topic
Status
A trader's accuracy will improve if they only trade A-quality setups.
"if you discipline yourself to only trade what you define as an Aquality setup, your accuracy will improve."
Trading Performance
Pending
Trading low-quality setups will result in lower accuracy.
"when you trade lowquality setups, you're going to have lower accuracy."
Trading Performance
Pending
Lower accuracy will inevitably lead to bigger losers, hurting profit/loss ratio and consistency.
"And when you have lower accuracy, you're inevitably going to have bigger losers, which means it hurts your profit loss ratio, which means it hurts your consistency."
Trading Performance
Pending
Focusing on higher quality setups will improve accuracy, leading to better average winners, profit/loss ratio, and consistency.
"if we go back to focusing on higher quality setups to begin with, accuracy improves, your average winners improve because now your ratio of profit to losses improved because you've avoided the unnecessary losses that were coming from trading lowquality setups. And then that helps feed consistency."
Trading Performance
Pending
If the speaker is correct 50% of the time, he will make a significant profit.
"If I can be right even just 50% of the time, I'll make great money."
Trading Profitability
Pending
The icebreaker strategy will reduce losses on cold days by at least 75% compared to trading full size, potentially even more.
"And that means that even on those cold days when I'm red, I'm red only at the rate of trading with one quarter of my position size. So my loss is one quarter of what it would have been, 25%. Now, not only is it only 25% of what it would have been had I been trading with full size, I would argue the losses are even less than that."
Trading Strategy (Risk Management)
Pending
Trading with a quarter-sized position will reduce financial losses by 75% and also reduce emotional impact.
"by trading with quarter sized position, not only do I reduce the loss by 75%. I also reduce the emotions"
Trading Strategy (Risk Management)
Pending
Trading C-quality setups in a cold market will result in losses.
"you start doing C quality setups in a cold market, you're just going to be losing money."
Trading Profitability
Pending
In a cold market, A and B quality setups will not perform as well as in a hot market, and even excellent stocks with good news will underperform compared to hot market conditions.
"in a colder market, even Aquality setups don't work as well. And certainly B quality doesn't work as well either... But in a cold market, sentiment is so poor that even excellent stocks with great news may not perform nearly as well as they would have with the exact same headline during a hot market."
Trading Performance (Market Conditions)
Pending
Taking a full-sized position on the first trade and losing will make the trader more susceptible to emotional hijacking, revenge trading, and a downward spiral.
"If I take that full-size position on the first trade, then all of a sudden my back is up against the ropes if I lose. And I'm going to be more likely to fall victim to emotional hijack, revenge trading, and begin that downward spiral."
Trading Psychology/Performance
Pending
Emotionally driven trading will lead to more losses, increased frustration, and a negative feedback loop/downward spiral.
"you end up losing more and you feel even more frustrated and you take even more trades and wow that is the negative feedback loop that is a downward spiral."
Trading Psychology/Performance
Pending
Focusing on accuracy and A+ quality setups will likely lead to making money, building a cushion, increasing share size, and ultimately more profit, creating a positive feedback loop.
"Accuracy, A+ quality setups. You trade that, you're more likely, not guaranteed, but more likely to make some money. You start to build a cushion. Now, you're going to increase your share size and increase the profit. And now, this is a positive feedback loop."
Trading Strategy/Performance
Pending
Getting frustrated and chasing a missed entry by buying at the top will likely result in the stock dropping, leading to an unnecessary loss.
"I try to get in. I don't get any shares filled and it goes without me. And then out of frustration, I just jump in at the very top. And then I'm in way up here and it drops. That's not good. And then basically I'm back in the position of having a unnecessary loss on the first trade because I gave into a lowquality setup."
Trading Mistakes/Consequences
Pending
Following the rule of walking away after giving back 50% of gains will preserve the consistency of green trading days.
"And by doing that, I'm able to preserve that consistency of green days."
Trading Strategy (Consistency)
Pending
If a trader continues to trade until becoming emotionally hijacked, they will ignore their inner voice that suggests stopping.
"if you keep trading to the point of getting emotionally hijacked, you're not going to listen to that inner voice at all."
Trading Psychology
Pending
With more experience, a trader will become better at identifying when to trade outside of their standard setup criteria.
"as you gain more experience, you'll be better equipped to know when you should trade outside your sort of boilerplate template of this is the type of stock that's perfect for me."
Trader Development
Pending