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Here's one of the best traders in the world with a win rate of ony 30%. This boggles the minds of majority of new traders

@FinancialWisdom

3 жыл бұрын

Very true, its all about the Risk/Reward👍

Through this video I learnt when to exit the trade!....Thanks brother!🎉

@FinancialWisdom

3 жыл бұрын

Thats great to hear, thanks Bharath👍

Excellent summary, Gareth. Thanks.

@FinancialWisdom

4 жыл бұрын

Thanks again William, Much appreciated

An excellent presentation many thanks. In conjunction with technical analysis (using Wyckoff method) and rigorous use of stops, alongside a heightened appreciation win/loss ratios has definitely begun to help my performance improve.

@FinancialWisdom

4 жыл бұрын

Thanks again Howard, much appreciated 👍

Thanks for the superb explaination. I give it 5 stars.

@FinancialWisdom

4 жыл бұрын

thank you very much Visheah!

It is really nice to see this kind of a book as it is not the most famous one! I believe FW discovered it and thanks that we reach over this channel.

@FinancialWisdom

3 жыл бұрын

A man of his word... Thanks Cagri.👍

Very very nice video sir 👌 Please make video on trading book summary

Fantastic overview!

@FinancialWisdom

4 жыл бұрын

thanks ellie

Thanks, nice explanation.

@FinancialWisdom

2 жыл бұрын

You are welcome!

thx 4 sharing

@FinancialWisdom

4 жыл бұрын

No problem 👍

Great video 👍🏻❤️ thank tou

@FinancialWisdom

7 ай бұрын

You are so welcome!

Well Done, another excellent review!

@FinancialWisdom

4 жыл бұрын

Thanks again Nick, Much appreciated

@FinancialWisdom

4 жыл бұрын

Nick, thank you so much for your purchase of the spreadsheet, you are my 1st customer and it greatly helps me and my channel, thanks a lot!

Amazing how many successful traders are at that 30% success area. The most successful trader I know personally is at 28.7% success rate for the past 32 years. He makes over $20 million/year at this rate. Because of these numbers people should not discount the stories of traders making astronomical gains because it's very possible they have a similar method to these trend followers, but with a higher hit rate.

@FinancialWisdom

2 жыл бұрын

Yep - Its all about the risk reward, I float around a 50% strike rate but with a near 5 to 1 ratio. Its not about being right its about how much you win when you are right and how much you lose when you are wrong..

Thanh for your video!

@FinancialWisdom

3 жыл бұрын

Thanks for watching!

thanks

@FinancialWisdom

Жыл бұрын

You're welcome!

One more subscriber after this. Just finished reading PLB's book.

@FinancialWisdom

4 жыл бұрын

Great stuff, thanks Wolf

@TraderLobo

4 жыл бұрын

@@FinancialWisdom Nice books to do the way you did this one would be the classic Trading in the Zone and another one not much known but I like to spread it out: Investor's Quotient by Jake Bernstein. Thanks man, nice work!

@FinancialWisdom

4 жыл бұрын

Thanks I have trading in the zone on the to do list, i'll also look at the Jake Berstein one, cheers.

Awesome video!

@FinancialWisdom

2 жыл бұрын

Glad you enjoyed it

imranqqq 1 second ago @Financial Wisdom The "Instructions" button on the top left doesn't work for me. Neither does the "Run Simulations" button. I am using an Apple Mac. Any other way to get the instructions?

@FinancialWisdom

4 жыл бұрын

Hi Imran, I'm not familiar with the Apple Mac, could it be that Macro's are not enabled, it could be a security 'macro' issue, perhaps - Try googling to see if you find the solution, if not let me. Thanks

Excellent videos you make!! Another book you might like to consider reviewing. New trading dimensions by Bill William. A very good teacher with in-depth market knowledge!!

@FinancialWisdom

4 жыл бұрын

Thanks MR - Will take a look.

Nice job; only long-time professional traders like myself can truly appreciate what Peter is teaching. Just bought your spreadsheet; it should be fun to play with. P.S. Are there instructions with it somewhere? I'm curious about the simulations.

@FinancialWisdom

4 жыл бұрын

Awesome, thanks - This really helps my channel - Yes a button on the sheet provides the description, It's a real eye opener and ensures the trader stays realistic and manages risk accordingly - If every beginner had this tool the 90% stat of losing trader would be much less.

@imranqqq7307

4 жыл бұрын

@@FinancialWisdom The "Instructions" button on the top left doesn't work for me. Neither does the "Run Simulations" button. I am using an Apple Mac. Any other way to get the instructions?

@FinancialWisdom

4 жыл бұрын

Hi - Did you resolve this.

@imranqqq7307

4 жыл бұрын

No, I tried for a while and gave up. I'm not much of computer guy though. Is there a document outlining the instructions and what the various parameters are about that you could send me, or make available?

Excellent

@FinancialWisdom

3 жыл бұрын

Thank you so much 😀

Good

Excellent presentation of the book. I was looking for a Monte Carlo spreadsheet for some time after reading Adam Grimes and am grateful for your efforts. Just one question. Can the number of trades be changed, (I would not trade 365 times in one year..the rest of data I input from my record keeping.) Keep up the good work. Have subscribed.

@FinancialWisdom

4 жыл бұрын

Hi Bob - Thanks your support is much appreciated. Yes you should be able to scroll down to the bottom of the sheet, expand it and add or delet the quantity you require, if not let me know.. Thanks FW

I'm lucky to know Peter Brandt personally, He has made my life so easy and stress free... He is a Legend

The Big Commercials know retail traders stops and will knock out tight stops before going into the Trend. So often I have seen my long/short confirmed After being stopped out.

@FinancialWisdom

2 жыл бұрын

on daily charts, more so..

@MartinSage

2 жыл бұрын

@@FinancialWisdom Yes, pro traders often keep stops in their head or will put their stops on odd numbers and way outside the pack of retail.

Thanks, but I prefer to read the book.

@FinancialWisdom

4 жыл бұрын

Its highly recommended

Good stuff

@FinancialWisdom

2 жыл бұрын

Thanks👍🙏

Very nice content please keep going more trading books videos rather than investing imo

@FinancialWisdom

3 жыл бұрын

Thanks, looks likely to be the plan👍

Pleas make a vedeo on volume price action and fear valu gab or imbalance

@FinancialWisdom

Жыл бұрын

In the channel already

@Sktraders09

Жыл бұрын

@@FinancialWisdom pleas link

@FinancialWisdom

Жыл бұрын

@@Sktraders09 kzread.info/dash/bejne/qImc19GFeanQlKQ.html

i didnt understand anything on the trailing stop strategy from this vid

@FinancialWisdom

4 жыл бұрын

Hi Ko - It provides an overview of the strategy and Peters Philosophy - The book has a huge amount of detail on the subject. Thanks for your feedback.

If he only has a 30% success rate, wouldn’t he be better using the same strategy but instead of buying, shorting?

@FinancialWisdom

3 жыл бұрын

Hi David, Not necessarily, if we flipped the stats to say he has a strike rate of 70% when shorting stocks, he could still lose money.. The strike rate is only part of the equation. It all depends how much you win or lose on the selection too. lets say 70% of the time he won $100 but 30% of the time he lost $300, he would have a strategy that loses money..

@david-lf9vn

3 жыл бұрын

Financial Wisdom thanks for your reply. And thanks for such a great channel.

ok, so SL 2 Points from Entry and TP 200 Points? The Broker smile and enjoy ur comission money. nxt book :" get Millionaire with 99% loss and 1 % Win Trades."

I've just had a 10 losing streak. Looking for a shoulder to cry on

@FinancialWisdom

3 жыл бұрын

They happen, the important point is to learn from these losses, too much risk? wrong side of the moving average? did the market as a whole decline? a particular sector? and and.... dont cry lol

@nd40

3 жыл бұрын

@@FinancialWisdom tq for the reply. Mean so much. Just ended my losing streak yesterday. Eurusd is such a bitch during the presidential week.

podla mna zajtra sa to odpichne od okolo 60800 a pôjde na nové ATH, dno bolo dnes