These are extremely passionate words shared by a Trader with 12 years of experience in the market in the video Enter Orders Using 4 Time Frames. Sharing words from people with extensive experience in the market like that is very rare for me and everyone to receive.
I really enjoyed every word of the author because I have also encountered it and understand that it takes people who have really been in the market long enough to understand these things. Thank you very much!
I would like to quote this letter again:
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“A message to all traders following the channel,
I just accidentally helped a friend about trading, she shared about this channel and when I went to watch it, I could only say WOW, these are rare videos that very few people in the world can do, not to mention here. VN. I am not anyone, but I have been trading for more than 12 years, lost more than 1 million $, played all the lots you can imagine, read all the books on amz about trading, studied many courses and also Like following many channels on telegram, Facebook about trading... I'm still no one, I'm not successful in trading, but I've been in the market long enough to see a lot of things. I'm also a trader who almost only uses Price Action without ANY indicators on the chart, so just through the way I analyze the chart, the way I speak, and the way I create channels, I feel like meeting a long-time friend who has been through the same things. what I've been through.
Summary (But still a bit long :)) )
+ Watch the videos on the channel over and over again, it doesn't matter which PP you use, SONIC R, EMA, Breakout, bla bla because what Medio's videos mention is just the perspective from one individual, but the core The core of movements as well as the core value of many methods. If you understand the roots and read the market structure, using any method will be much easier.
+ Start with demo or small real account 500$ 1000$ to start practicing.
+ Long-term thinking, month by month and year by year. DON'T THINK ABOUT MAKE MONEY, because I guarantee you can't do it. If you're too different then I'm wrong. But 99% traders who enter this market think they are different, which makes them the same.
+ I've been unsuccessful for more than 10 years because I succeeded early, had a lot of money and was in a hurry, thinking I was different. And one more thing, I don't have the chance to come across thoughtful teachings and sharing like this. So if you have the good fortune to read this comment and watch the video of channel Medio, please slow down. Slow down, take one step at a time.
+ DON'T THINK ABOUT GETTING RICH QUICKLY, think of yourself as improving your skills, after you're mature, if you work hard, after only 1-2 years, you will easily achieve very terrible numbers.
+ HOWEVER, the best thing about trading is not being rich, the best thing is the freedom it brings. But this freedom only comes to those who work hard and spend time cultivating knowledge and skills. Remember that AMZ endured 5 years of losses and break-even just to collect data about every mouse click, every user's buying and selling behavior, and then achieve the success it has now, before shooting the bow and arrow. , you also have to pull it backwards. That's the rule, be PATIENT, the more greedy and hasty you are, you will never reach your desired destination. SLOW DOWN, OBSERVE more, take time to REVIEW yourself, feel the market and gradually grow. Gradually, you will realize that it is the PROCESS that is wonderful, not the destination
+ BE IN A NEWBI MIND, no matter how good you are, always keep an open mind and learn, as long as you have opinions and know how to filter knowledge to suit yourself.
+ If you are constantly greedy, constantly in a hurry, no matter how much money you make, if it is from bad habits like all in, emotional DCA, SL translation.... Then that money is not yours, sooner or later it will be gone. The scariest thing is that your ego, which is nourished from bad habits and bad emotions, will grow gradually, and after 3-4 years, it will be very difficult to defeat. So, WALK SLOWLY BUT CORRECTLY. This is something I myself have been experiencing :). May or may not be true for each person.
Sharing from the trader who lost the most that I know (that's me =)))). Because I have never seen anyone trade for so long and lose so much but still not succeed =)))
LESS IS MORE
Happy Trading!!!! “
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I really hope that those who watch my channel will read and think about the things in this letter. Above all, I can share knowledge with you, but I cannot change your thoughts other than your own.
And even though I didn't create a group, everyone should understand that we are building a positive trader community together.
Wishing everyone a successful week!
I just found your youtube channel, I must say it is great, I really appreciate the knowledge you share and am learning and practicing every day! Thank you for sharing!
Thank you. Hope you will continue to support the channel!
So wonderful and meaningful <3
I am a newbie and have been learning trade for almost a year. And I am still negative.
First I learned about fx through a friend who made a lot of money, I decided to learn from him to trade myself, at first he showed me these are the currency pairs, this is the line chart and this is the moving average, this is the rsi, when to buy, when to sell. I bought an account of 10 million VND without going through the demo, I knew I would lose.
The first week I placed an order and made a profit of $4, I cried tears of joy "oh this is easy" the whole first week I bought it myself and made a profit, playing all kinds of currency pairs, my account was over $400, I bought 0.1 lot the first week and as a result I made a profit of 50%, the next week I started buying 1 lot then 2 lots, my account reached its peak of $650 and burned by a 2 lot order, in total the total number of lots I traded was about 25 lots in two weeks. (This was when I first had no knowledge)
And the next 5 times my 2k account flew away within a week or so, I felt so sad that I couldn't share it with anyone, it was all money I earned so I thought if I lost, I'd better start again. But I decided to stop because I felt I didn't have the ability to lose all the time, so why do I keep trading?? Then I stopped trading for about a month, then I found the block chain dream channel (wow I lost because I didn't have any knowledge) and I learned it voraciously and then I opened another 2k account to fight. The first order I didn't follow the rules and lost 500 dollars and the following orders I cut my losses regularly until my account was down to 800 dollars, then I realized I was still wrong. I stopped and started to manage my capital tightly, not risking more than 5% account, however, I still broke the rules sometimes and I recovered that account to 1k5, but then my method encountered a sideways market and was always hit by SL and because I lost a lot, I wanted to recover it again and broke the capital management rules. In the end, that account also flew away, plus 700 dollars I deposited to support it. Now I have temporarily stopped trading to focus on making money again. The market has really shown me my true nature, which is greed and lack of perseverance and discipline.
I met all the pros first, my friend, then Mr. Quy, the blockchain dream channel, and the admin, but I still couldn't succeed. It was because of myself, maybe because of my lifestyle, but I think my lifestyle is not that bad ^^. In the end, I think it's not because of the method, but the important thing is discipline, which I still can't do. And I think to master a method, you need to be in the market long enough. Now I don't want to get rich quick, but I have to be sure of my lessons because sometimes when I think and when I do, they contradict each other. I want to do something so that even if I accidentally break the discipline, I still have a chance to do it again and my life is not affected, so I started with $100. When I have made a steady profit of 30%/month for 1 year, then I will buy big.
Hope this loss story will help everyone.
Thanks admin for the knowledge you shared.
Thanks for sharing!
For more than two months, I have only used the price action method, but when I watched your channel, I realized that I really didn't know much, everything was too vague... I lost and didn't know why I lost... Everything about Forex was so difficult for me... Should I give up? And when I accidentally saw your channel on YouTube, I had hope. 🙂
I am determined to watch and learn from each of your videos and then backtest many times on the chart (as you said at least 3 months) to see if my thinking, knowledge and account can improve a bit.
I hope I will gain your knowledge and Trade is my main profession.
Finally, I want to say thank you very much. You have been helping people who are lost and want to give up like me to have hope and show them the right path to move forward. Keep it up.
Thank you. I wish you much success.
I found the admin's rockzfx ecadamy channel, probably too Indian, sharing very similar to yours, but I don't understand all of your English. But thanks to watching your videos, I understand everything. Thank you very much.
Go away and be a human. The nature of a trader is a boss, not an investor. And an IB is a businessman. So, taking 3-5 orders a month is ok. Scap only makes the floor and IB rich.
To trade successfully, it only takes 10%, and psychology takes 90%. But human mood changes every 2 days, thoughts change every 2 weeks, and behavior changes every 2 months. So all those who scalp and day trade, 99%, die because of their basic skills. When they lose 3 orders in 1 hour, their gambling blood for revenge rises. So to be successful, you can only swing trade, but IBs only encourage scalping. We are all human, not saints.
I completely agree with you that you should not trade Scalping. Most people in Vietnam always ask about Scalping, or trade Gold because they are brainwashed by many IBs that they can make quick profits without knowing that it is only because Gold has high commissions, Scalping with big lots has high commissions...
I always get stuck with the order. I'm trying to understand the market as simply as you think, but every time I look at the chart, it becomes complicated. Is there a way to look at the chart in the simplest way?
Thank you, your sharing on youtube as well as blog, I believe that it has helped many people with their thoughts and correct views on trade, including me. I hope one day, you will organize an offline meeting to exchange and meet. Thanksssss
I also fell into the same situation as the character in the letter. I had everything and lost everything to the market. I accidentally found out about the channel of medio may day recently. I am very satisfied with the simple and effective analysis. I will practice again to start over. Thank you for sharing useful knowledge.