The key to me here was the statement, “your method has to suit your personality”. Nothing could be more true. Over 14 years of trading, it took me 10 to find out what suited me. It is a very personal journey. You can day trade till you are blue in the face, but if it clashes with your underlying psychology, it will not suit you. I find risk control and position sizing are everything, but how you do that has to be a fit for your mental psyche to effectively stay with it, good interview...

@DesireToTRADE

5 жыл бұрын

Awesome takeaway 🙌📈

@royalmailgold

3 жыл бұрын

This is so true. I can’t believe I have just read a comment here that I couid have written about my own trading journey. The only difference is I have been in the markets for 12 years. Yes it did take me 10years to hone my craft as well. Thanks for sharing and again I am surprised to have found someone with a similar experience to mine. Thanks again

@philpreston6406

3 жыл бұрын

Subsonic Flight Training Great piece of advice. I to, have been trading for years. Putting on a trade is a piece of cake. Personal Psychology, in my Opinion is 95% of making it over the long term as a trader. Only 5% I associate with entry and exit. A traders OWN Mind, is often the obstacle with trading. Amazing thing is, newbie traders, never associate money loss ( often 3-4-5 accounts later) with their Own mind. THEY Learn - we'll some do. The rest GIVE UP!!

@Noor-iz8ys

2 жыл бұрын

And i am a new trader with the age of 18. Just having a bit experience in the market. When i first listened about trading I used to react as a gambling point but later on when i got to know about the sentiments of the market there was only one word “WOW”. But have no friend who is in this profession but i want to learn more 🤞🏻.

@whatislifebro

2 жыл бұрын

let me guess u trade the 5 min

3 things anyone interested in succeeding in Forex trading should do: Pick 1 currency pair. Pick 1 timeframe. Pick 1 trading system Master trading with these 3 things before you make any attempt to add more currency pairs or use another strategy. Less is always more.

Couldn't agree more "keeping a journal is absolutely essential."

Thank you, very good, There is no lose in Trader's life. Nelson Mandela told "I never Lose , I either win or lean". Trying to learn from lose is the gain. I learned not only from the video but also from comments made by other traders.

Being a millionaire trader, Ray Barros is so humble...

@DesireToTRADE

4 жыл бұрын

Agreed! 🙌

@jeskg720

2 жыл бұрын

@@DesireToTRADE He is clever. he avoid forex and go with stock indices.

@SD-ws8sn

2 жыл бұрын

@@jeskg720 indices all day

@ekuldeebendeedjang9274

Жыл бұрын

Ray barros

Don’t let those statistics scare you. It’s not that most traders fail, it’s that most traders aren’t willing to put in the work. Don’t expect it to be easy. But just because it’s hard, doesn’t mean it’s impossible for anyone. How hard are you willing to work for success?

Ray Barros, I respect you immensely. So much great advice.

@DesireToTRADE

5 жыл бұрын

I'm glad you liked that discussion with Ray!! Thanks Lorenzo 🙌

Incredible! Learned a lot! Please do another!

I'm 48years old living in California, I'm hoping to retire at 50 if things keep going well for me. Bought my first house last month and I can't be more proud that am i now. I'm glad I made great decision about my finances that changed me forever but now I can't seem to make any other smart investment.

Thanks for this. You guys can follow Amarkets as understanding the value of a trading journal is absolutely critical. I actually started one but never kept up with it especially when I have losing trades. I definitely should get back to it. Thanks for this gem of an interview. Ran into it by accident but I'm glad I did. Cheers!

I’m so glad I found this! Great interview.

Awesome interview. I'd love to see more like this from these seasoned pros.

@DesireToTRADE

5 жыл бұрын

There are a lot of them here: kzread.info/head/PLwmpbNUnTt6gL4jdULaMVuMi24O8KPZqw

Loved this particular one! Thank you Étienne & Ray !

Excellent interview. Thank you.

Thanks for the great interview, I was busy with backtesting while listening to the interview. I definitely need to apply more journal on a consistent basis phase into my process, because I'm still in my Trade Development stage. But I do realize the value of it, thanks Etienne & Ray

@DesireToTRADE

5 жыл бұрын

Glad you liked that discussion 💪📈

@vineeth7011

3 жыл бұрын

😁 I was backtesting as well while listening to this interview.

Great interview Etienne!!!! More interview with Ray! Thanks a lot!

The reality of trading is simple but in psychology is hard.

This was pure gold!!! The trade journal is vital!!

@DesireToTRADE

5 жыл бұрын

I'm glad you liked that interview! Definitely powerful stuff 💪📈

Great interview! And, the name of the author of the book you mentioned is Brene Brown. Loved all of her TED talks.

@DesireToTRADE

3 жыл бұрын

Thanks for the comment! I’m glad you liked the interview 💯

Thanks for this. Understanding the value of a trading journal is absolutely critical. I actually started one but never kept up with it especially when I have losing trades. I definitely should get back to it. Thanks for this gem of an interview. Ran into it by accident but I'm glad I did. Cheers!

@bulldog200

2 жыл бұрын

Keeping a journal is a lot easier with a demo account, as most emotions are removed. Once you have journaled a good sample of trades and can clearly see in your P&L that you have an edge, you will be confident to walk away with a loss when trading with real money, because you will have a good amount of evidence that your strategy will make that money back with the next trades.

Okay. Grabbing a binder for 2022 👍 thank you SO MUCH

"Daring Greatly" is by Brene Brown

Excellent interview, thanks for sharing

Bookmarking 9:00 about journal information. Invaluable!

@DesireToTRADE

2 жыл бұрын

Totally agree! Thank you for the comment!

I thought Ray was candid and open. I learnt a bunch. Thank you Etienne as well (sorry if I have spelt your name incorrectly)

Thanks Etienne and Barros . Keeping Journals and Learning From Your Mistakes is very critical 👌, You cant escape this. This was very important piece i personally learn From this interview. A great experience Trader

Thanks for your hard work! Did he say what time frame he used for his over night trades?

great one Etienne, thanks for sharing this with us!

@DesireToTRADE

5 жыл бұрын

My pleasure 🙌

Weird but love the clock on the wall

Wow I m new to trading very valuable information there about myself...my heart keeps stopping when I am about to loose

Succeed many students here with institutional trading with analysis and put in the work.

Wow! This is deep value of experience. Thank you.

excellent points excellent interview. Ramon Barros, I'll remember that name

@DesireToTRADE

5 жыл бұрын

You should :) thanks for watching!

Amazing interview! Any way to get that link for the webinar?

Excellent Video. Very insightful and glad I listened to this. Now I don't feel like I'm the only one that is so hard on himself!

@DesireToTRADE

3 жыл бұрын

Glad it was helpful! You can do it!

Definitely the best way to make a living from trading. Set up a school for traders.

Thank you. I'm going to start keeping a journal right away.

@DesireToTRADE

5 жыл бұрын

Wise move 💪📈

Am from Toronto Canada doing trade on gold while the news comes about unemployement &listening to it but i got stuck at a point click me touched me inside at the point @34:20 shook me to the point. I mean JOURNALING is the key phenomena . Being an international student i want to utilize my time to maximize thepotential but that advice from him took me to another level. RESPECT

He stole my speech hahahahaha kidding I love Ray - btw check #68 of Etiennes podcasts - I'm one of those 'Anyone can Trade'

What a humble trader he his

I journal my losses and wins so I avoid making same mistakes again and repeat those same wins again

@DesireToTRADE

4 жыл бұрын

Great habit! Keep it going!

@gedalianiasoff4021

4 жыл бұрын

@@DesireToTRADE do u mange losses like when ur stopped do wait till it comes back for another entry or do u swap ur position when u get stopped out?

@tiktoksmile4804

3 жыл бұрын

@@gedalianiasoff4021 But the market moves randomly ,Risk Management is the KEY.

@gedalianiasoff4021

3 жыл бұрын

@@tiktoksmile4804 back then I had no clue what I was doing was wrong now I'm much better cause I developed a risk management that's mathematicaly is very powerful puts the odds far beyond in favor I compound my risk in winning streaks by 2x from 2 to 5 trades which means if I get a winning streak of 5 I should make 80% max profit and max loss 2.5% per day with this algorithm I figured out I had no idea how powerful it was

Fantastic video, you and ray are both amazing human being, so motivating and encouraging! Keep up with your work Etienne, you're doing great! Do you think you'll do some videos about stocks trading/ options trading?

@DesireToTRADE

5 жыл бұрын

Thank you, Alex! I'm not very knowledgeable in stocks and options but I now have a futures/option trader as part of the Desire To Trade team. We might cover that more in the future :)

You make great videos. That is a very odd setting, it’s like room from the 70s

You're a great interviewer Etienne nice work!

@DesireToTRADE

3 жыл бұрын

Thanks, William! Much appreciated!

So many great insights, always learning from Ray and other fellow traders. Thank you for the interview Etienne, can't wait for the webinar!

@DesireToTRADE

4 жыл бұрын

I'm glad you liked the interview, Leslie Quah! Thanks for the comment! We'll make something work with Ray for a webinar soon!

@agperrywood9784

2 жыл бұрын

its all BS - he does not trade and never has done so - his objective is to sell you a fantasy at a high price

You should enjoy more that moment. Getting so worry about the camera and the microphone got you distracted a lot. You don’t have a ideia how much of us Traders would like to speak with a guy like Ray Barros... The man was there opened to your questions and you just look lost. Thanks for the upload

@DesireToTRADE

5 жыл бұрын

Thanks for the feedback :)

Great interview with intermittent power bass for the headphone users : D

The best interview ever

Great interview

nice interview. thanks

Great interview. Thanks Etienne!

Thank you for a great video

Why put the mic on a drum, I don't get it ;) It's huge listening to such an expert, thanks!

You're in fabulous high-energy-Hong Kong(or, you were there recently!)Miss it! KZread &Google my friend here-q1 who is Ray Barros (answer is a big wow!)q2 what is mechanical trading, q3 what is ACT etc etc? I googled and learned.(Some of your discussion still over my head.)A solid gold interview, Etienne- you let him speak his many pearls of wisdom without constant interruption. (Can't wait for the 2nd interview.) Thank you!

Been a while since I've heard from Ray. Good shit man!!!

@DesireToTRADE

5 жыл бұрын

Glad you liked our conversation! 👌📈

Awesome content as always!

@DesireToTRADE

4 жыл бұрын

Thank you!

From my perspective, you must be a very lucky person having a one-on-one with such an established trader. Thanks for sharing it. The 4 market phases, the rule-based kind of trading, the fund management thinking- took my day. Cheers.

@DesireToTRADE

5 жыл бұрын

Fantastic :) glad that helped!

A HUGE THANK YOU!!!!

I'm a vegas trader. i scalp the hell out of it with high leverage. If i crash and burn.... i crash and burn. No pain, no gain. When you have a high win rate and you know it. It's ok to get killed now and then by the leverage. Losing 5k is nothing to me. But this is in perspective with averaging 20k in wins daily. And that is in 2 to 3 hours of scalping. I will day trade. But i'm always edgy with those trades. Finding myself constantly checking it. Once i've got a free runner. The trade is paid for with a trailing stop in place.... different story. Who cares what the market does. It's going to win $. But until it gets to that point.... it's stress city. So ya... i prefer the fast ... bang bang of scalping.

@jadeofthronz

2 жыл бұрын

Do you use supply and demand for your scalping strategy?

@MPlain

2 жыл бұрын

@@jadeofthronz that's a piece of it. Structure. add structure to that. If it hits a pivot and rejects. i'm all in brother.

@conniejay3045

Жыл бұрын

I would like to have confidence like u bro.

This is real gem! Thanks man!

@DesireToTRADE

3 жыл бұрын

I'm very glad you liked this interview! Totally agree with you

Etienne, first of all, congrats for this interview. Loved it. Secondly and finally i tried to listen it many times that part in wich he talks about the way he moves the SL with that 3 rules, on min. 30:00. Can you please try to explain it here? Thank you =D

Great video on trading

I really enjoyed this interview, excellent.

Cause and effect, cause and effect; pragmatism is a way of thinking that all traders should embrace. :)

@DesireToTRADE

5 жыл бұрын

Awesome advice 💯

Awesome episode!!!

@DesireToTRADE

5 жыл бұрын

Awesome you liked it Nick💯

Thanks a lot , love from India

VERY GOOD INTERVIEW

He is amazing 👏

Thank you :)

That table has great acoustics

Wow this is really helpful E. Thanks.

Damm. Etienne meets some really cool people! Thank you!

Brilliant!

I also started thinking of going to the lower time frames. Im glad im not the only one

@DesireToTRADE

5 жыл бұрын

Could be a good move!!

Great Episode. Thanks for sharing. What's the name of the trade journal he uses? Didn't hear him clearly.

@brown010575able

5 жыл бұрын

edgewonk

Very important is what Ray sa know your self and then find or make system for your self.Can you hold losing streak for 4 trades or 16? And you will be ok with that? If not you need change somthing to fix strategy for you.

Very interesting where do I start I have been sports trading not very successfully when are you doing more training I'm a complete beginner

THX journal, profit = your personality x mechanic

Can someone elaborate on the soft stop example? I know what a ss is, but I don't understand his approach here..

I haven't ventured into day trading yet, but if I do, I wouldn't do anything that would put actual money at risk without trying out a number of strategies on a demo account for at least a few months. It seems a pretty challenging field, so one should learn as much as possible first, without putting actual money on the line.

@siamluxe

10 ай бұрын

Don't trade, it's gambling anything can happen!

@brucemacmillan9581

10 ай бұрын

@@siamluxe Not intending to do any day trading. Right now most of the money I use for buying stocks is in dividend stocks. Buy and hold basically.

Good Stuff Fam Jam

Interesting interview. keep up the great work. EC.

@DesireToTRADE

Жыл бұрын

Thank you!

Grate interview. What is the equity software he recommended? Thank you again.

@sebastianvlad8971

5 жыл бұрын

Edgewonk

Great catch on this interview. I've got a couple pieces of advice for you. Get a mic stand. Also, the constant vocal agreeing ("mmhmm" "okay" "yeah") with the guest makes it hard to hear them speak. You'll notice the best interviewers remain silent and let the person speak. Not trying to be negative. I like the content and would like to see it evolve. Gracias.

@DesireToTRADE

5 жыл бұрын

Thanks for the feedback :)

Great information. However, having the microphone on table creates a drum beat and interruption.

These millionaires are humble !

E, you’re the modern day Schwager. Please keep doing what you do.

@DesireToTRADE

2 жыл бұрын

Thank you 🙏

he really was enjoyining banging the table with an ambient mic right in front of him

37:15 "I believe in groups" scratches himself. Selling point?

This is owesome😗😗

Soft stop is a mental stop as opposed to a hard stop which is a pre-entered stop loss order?

Hello, this interview is very insightful. I didn't understand the rule of thirds that Ray mentioned though. Can somebody please explain it ?

@yomom1777

2 жыл бұрын

The way I took it is: take your position size and divide by 3. So let’s say position size is 3 shares, then you would set a price target that is twice that of your stop loss. Once price hits this point, you sell 1 share, then continue the trade and move up your stop loss. And repeat

How can we get in contact with this guy

Great interview, can't get more real

@DesireToTRADE

4 жыл бұрын

Really glad you liked it, Dexter! 💯

9:15 author is Brené Brown

@DesireToTRADE

4 жыл бұрын

That's right!

I'm a lone wolf trader, I created my own system very similar to Ray's. Instead of phases "market states". I use 5 "market states" instead of 4 phases like Ray. I find this very interesting, I assume my system is more granular being that I have a 5th module. I'm sure its because I started out as a short term trader so I needed more detail and naturally went more in depth developing my system.. bI would love to show Ray my system and get his thoughts lol.

I have heard the prop guy fighting with his wife story before... I think it was in the book Trader Mind.

You can learn and journal as much as you want but nothing will tell you every time if the market will go up or down. high probability setups etc blah blah, momentum, price action, trends, indicators, all bologna. Sell credit spreads or buy calls and puts slightly otm and let direction and magnitude go. Close out and net a profit. These guys will make a career from the desperate beginners.

Daring Greatly - Brene Brown

Sweet.