Practical points from 012: - Beware of educators that don't trade themselves. - Revenge trading leads to more losses. - There is no overnight success. - A mentor quickens the proccess, but deep understanding and own observations are still needed. - Shorter term moves are easier to predict than larger moves (Adam uses top-down multi-frame analysis). - Value and price can diverge (market profile analysis), Adam keeps an eye on value changes during the day (ie: balance failure). - Avoid using indicators in the beginning, learn price and market structure first. - There is no holy grail. - When setting a goal, also write down the steps needed to reach it, modify those along the way. - Stay on simulator until profitable. - Don't fixate on the money, fixate on the process.

@atibamaule

6 жыл бұрын

Abade well spoken.

@fiscolorado656

3 жыл бұрын

It's so hard to stay on paper/simulators when the fomo is real. There's so much money to make out here.

By far one of the most insightful episodes explaining the process to consistent profits! Many golden nuggets, from someone whose gotten through the struggle.

This episode hits closer to home more than any others. This guys journey is so much like mine

@jasondolorso

4 жыл бұрын

Just watched this episode. How are you 1 year later?

@sunchulyun9087

3 жыл бұрын

ㅒㅣ

The quality of this content is absolutely spectacular. Much appreciated.

Love all your content Aaron. This is one of the best interviews

THANK YOU, 1) You gotta put 101% in your trading, Neither 38 nor 98 ...Its 101%. And always Have a belief on market. Instead of arguing with the markets Appreciate and Respect The Market. 2) Your Risk Mgmt, Position Sizing, RRR Are always gonna be the key components for SUCCESS. Don't Forget To learn from your mistakes! 3) Price Action Is the King! 4) Having emotion control are also important! 5) We can Do it! Its just a start, Just TRUST yourself. Its just a start, One day you will MAKE IT HAPPEN!!! 6) Understand what makes up and down the price. Market Participants. 7) Consistency is the hardest part and most important in the trading journey! Once you acquire that, You are most likely to get succeed. 8) Its gonna take time! TOP DOWN approach are important. 9) "" Volume Profile "" 10) Visualization Can help, Confidence is important. 11) Yes, You can set the goals and achieve em as well! Just Define What exactly you want, Then Write down the steps. And... JUST DO IT !!!

This is the most elite podcast for traders out imo

You're calling is doing broadcasting. You are the down under interview expert with only one topic that has taken you so far. Expand and grow with that. You will do very very well. Of course never give up CWT's. I am learning so much with it.

Aaron, you're doing a great job. Fantastic !

@ChatWithTradersPodcast

8 жыл бұрын

+Lionel Limery, I appreciate it-thank you.

This is the best interview

One of your best Aaron..

Thanks Aaron and Adam!

Thanks Aaron. We appreciate you.

@ChatWithTradersPodcast

8 жыл бұрын

+Adesanya OLUYEDE, good to have you listening man!

Great interview... the struggle is real!!!

Loved this one so relatable

Great interview. Inspiring!

Very great story of him, explain his personal trading story, how to scratch from beginning in career.

Watched 1-11 an loved every interview great quality information. Keep the interviews coming Aaron Fifield.

@ChatWithTradersPodcast

8 жыл бұрын

+Jordan-Jon Willett awesome to hear Jordan! You may not be aware, but I have additional interviews that are not on KZread (yet) here: chatwithtraders.com/podcast/

This is one of the best content out there. I am a professional trader myself and I have helped a lot of new traders..... A lot of fake gurus are out there to take your money.

Thank you.

Good Technical 1. Journaling / Big Picture

I am a newbie to trading and find these interviews really informative ...thank you!

@fiscolorado656

3 жыл бұрын

How are you doing now?

@livingmydreamtrading4824

Жыл бұрын

After 5 years how has your journey gone

this interview is gold. :)

Great interview!

@ChatWithTradersPodcast

8 жыл бұрын

+INNO222 cool, glad you enjoyed this episode!

Good stuff subbed to his channel to lots of good info here.

Risk risk risk! Risk is king! All the pro's say it no matter the strategy. If you are trying to turn that corner like I am then you cant underestimate that piece of advice. I did an will never do it again.

Love it!

Thank you

Great interview thank you! I also have the Peak Performance Course for Traders and Investors by Van Tharp. It’s simply brilliant. I worked through it 4 times already. In fact I enjoyed it so much I did some of his workshops and eventually enrolled for the Super Trader Programme too.

Lol, that start with 1 cnt stock ! Great interview, pleassure to listen to.

amazing videos

Good initiative Aaron, keep it up.

@ChatWithTradersPodcast

8 жыл бұрын

+Ben Tj thanks!

These videos are fucking awesome, inspiring, and so fucking helpful!!

@ChatWithTradersPodcast

8 жыл бұрын

+Alex Kozub thanks a million dude!

Good stuff mate.

@ChatWithTradersPodcast

8 жыл бұрын

+Ananda Noone much appreciated Ananda.

Does anybody know what trading video lessons he is taking about?

Where/who is episode eleven? Taking notes in order....no #11???

I wanna give him million likes

Market profile and volume profile. Student about price action

I’m an avid listener and I just started trading, I’ll be a professional trader one day. In time, I’ll be here talking about my journey.

Woah that is crazy! I'm from Alberta was well. Would love to find a mentor

I can’t find anything on this guy past 2018. Is he still alive?

Book recommend -reminisence of stock trader

Aaron is so new to interviewing I love hearing how awkward he is. Lol but listen to him today and you'd never know

he says he couldnt get out trades.,. this doesnt happen on mt4 platfomr... can some 1 explain this

@OneCreator87

7 жыл бұрын

kkkkk755 he was doing penny stocks (they are not as liquid).

Amazing, how do you make them answer those,for me, valuable question? You are a skilled host!

@malthus101

5 жыл бұрын

hes really not actually

Aaron, did you ever read Reminiscences of a Stock Operator?

@ChatWithTradersPodcast

8 жыл бұрын

+Joshua M not yet man, would like to though.

Is there anyone here who trades in between the spreads?

27:00 onward....

Understand market tructure and price action , study it very well at first don't use indicator at the begining.29:35

Day trading

The account wasn't that large...maybe 35-40k hmmm🤔

23:00

This guy is so balsy. I can't believe he made it out of that.

Lol

Does Aaron get these guys? None of his story sounds legitimate.. there are definitely some numbers in the story that sound super fishy. And of course he conveniently offers training courses for traders?

@rvmajor

4 жыл бұрын

It's fishy how all these so called traders offer courses, services, mentoring etc... If successful, they would be too busy making money.

@karthiknallathambi5119

3 жыл бұрын

@@rvmajor still they're busy making money. I know many mentors who is successful traders, they only take one time effort for their courses then money rains consistently by their recording videos

He may be a great trader but he comes across like he really doesn’t know what he’s talking about. All the experienced successful traders say the same thing. “Can you explain your set up to a 10 Year old?” Ryan definitely cannot. 2/10 value wise on this episode for me

Can't stand these price action guys. Next guy who talks about it I will shut down the podcast right away.

@Pathlogos

2 жыл бұрын

Any reasons for that...coz am new to trading and my last hope is price action

@SSEnrich

2 жыл бұрын

@@Pathlogos If that is right for you, fine. I will not talk anyone away from price action. The reason is that it does not fit my personality. Trading with price action is like getting a new car with lots of modern technology. You get strict prohobitions about using anything else than throttle, brake, steering wheel, turn signal lever and transmission stick. It bores me not to use all the possibilities out there. When using indicators I can quantify a move. I can measure if it is best to get in at a certain level or not trade at all. All this said. Since this year has gone since I posted the comment I guess I use a bit of price action as I look at wicks. They normally indicate that I should stay away from a trade. If I go for a breakout I prefer many small candles before the big one breaks out. Trading with indicators is about combining several of them. At least 2. There is probably not a single indicator that is profitable on its own. The aroon might be on some currency pairs, but it won't be by much. Also I prefer indicators to measure volatility. Bollinger bands will tell me more than just looking at candle sticks and think that they seem to move quite little. When a trend has started and I want to enter on a pullback I find it unbelieveably tiresome to wait for a hammer on a moving average or on a Fibonacci level. Seriously. How often do they appear? Finally. I am a trend trader. I try to jump on that candle or combination of candles that tries to leave the consolidation zone and just keeps flying away. I don't know how you do that with price action. Last point. Indicators are a lot easier to backtest. And it gives a reliable backtest. I backtested trend lines and I was at least 70 % right. Yes obviously because I never jumped in late as you do when you trade live.

@Pathlogos

2 жыл бұрын

@@SSEnrich thank you for your reply and detailed explanation for the reason. I do now understand what your trying to say. There are more reasons to trade or stay away from a trade rather just solely based on price action. I'll add few indicators back, but the biggest hurdle for me adding indicator to price action is that my focus solely shifts on indicator rather price action. Could you help me with that since I started with indicators before even knowing what price action is, hence I naturally deviate towards indicators when i tried to use them together which i only did last week during live trading.

@SSEnrich

2 жыл бұрын

@@Pathlogos I guess I could point you to a video explaining 4 stages of how the market moves. Generally if you trade trends you should trade with the trends. That is not true for all currency pairs. Chances are that you might not even trade forex. As this podcast is heavily stocks based. So I don't know what works for stocks and I am not used to gaps. But sure I can give tips if you want. There is information about how tobtrade everywhere, but you will probably get some bad information along the way too. The reason might be that prople will not give the beat tips as quite often you will have to pay courses to the those.

@Pathlogos

2 жыл бұрын

@@SSEnrich currently am doing Al Brooks trading course. So far done one year, just marginally above my trading capital. But the problem I am struggling with is I don't have a reliable repeatable strategy. I have learnt so many set ups through price action that i think I really don't have a set up that I trade and can back test. All seems gambling to me at the moment due to lack of the above mentioned scenario.