"The Reality of Day Trading For A Living" - Boris Schlossberg

Ойын-сауық

In this trader interview, Etienne sits down with Boris Schlossberg to discuss the reality of day trading for a living. Having been a full-time trader for over a decade, Boris knows the ins and outs of trading for a living, which is stuff you won't be able to find anywhere else on KZread.
Chapters:
0:00 There is no such thing as discipline in trading
0:45 Introduction
1:58 What it takes to improve your trading skills
5:53 Why do high R:R trades with high Win% don't exist long term
11:04 The 2 setup types that Boris trades on a daily basis
15:25 How to adapt to a prop firm challenge
18:42 Why a prop firm challenge may lead you to lose as a trader
19:44 Does day trading work better for prop challenges?
22:41 How to stick to one trading strategy?
26:17 Should you explore different markets to trade?
28:08 How to keep improving once you find your niche in trading
31:40 Why different markets can be beneficial for you
32:53 Where to find Boris
Boris' KZread channel: @BKForex
Join Boris' Discord group: / discord
#trading #daytrading #daytrader
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Пікірлер: 122

  • @dkTruthBuster
    @dkTruthBuster Жыл бұрын

    One of the best interviews. One video i would love to download and watch over and over again. Unlike many who does BS, this Gentleman speaks a lot of sense and you can get to feel the real experience in the field. Thanks very much

  • @ofilisamuel3105
    @ofilisamuel3105 Жыл бұрын

    One of the best interview out there on the web, i had to download this one because all boris has said totally align with my trading rules currently and i love it. that means am on the right track. well done E.

  • @FXM3
    @FXM3 Жыл бұрын

    I’m 50/50 with this guy. 2:1 RR is doable, but win rate might be in the 40%’s or even 30%. It depends on the trader and the market they trade.

  • @JESS-CH

    @JESS-CH

    Жыл бұрын

    Yeah, right? I myself am a 2:1 with a 50-55% win rate. What matters is expectancy. Turtle traders can be positive with a 20% win rate. It's all about making the numbers work with your personality.

  • @BorisSchlossberg

    @BorisSchlossberg

    Жыл бұрын

    2:1 at 30% is a losing expectancy

  • @x888LIVE

    @x888LIVE

    Жыл бұрын

    This dude strategy is enter after a confirmation of a break out 100% if not he wont get this bad in win rate. Or he have too huge stop loss for the range he trading that maybe why making 2:1 is alot harder.

  • @MikeLocke
    @MikeLocke Жыл бұрын

    This man is speaking the truth.

  • @PilotoBrabo
    @PilotoBrabo Жыл бұрын

    Valuable interview. Thank you!

  • @elwoodpalmer7622
    @elwoodpalmer7622 Жыл бұрын

    High quality material again, it is not the first time we hear in your interview serious traders talking not about the RR but the win rate

  • @motiu1869
    @motiu1869 Жыл бұрын

    Thank you, great info,

  • @Ck-elite
    @Ck-elite Жыл бұрын

    Thanks Etienne, another great video. Boris logic totally matched my principle of trading. Good job master boris !

  • @Githinji_the1
    @Githinji_the1 Жыл бұрын

    One minute in and I already love it.

  • @Githinji_the1

    @Githinji_the1

    Жыл бұрын

    Also, thanks for talking about Denise Shull. Never heard of her but I love Billions so I'm about to watch every video she on the internet where she talks psychology haha.

  • @bobmarslek15
    @bobmarslek15Ай бұрын

    Watching your interviews with these great traders has tremendously helped my mindset as a trader. I see myself in all of these people as I hear their about their journeys. It is reassuring to know that I am on the right path and there is nothing that a lot of hard work can't fix. The struggle is real, but so is the reward!

  • @885sage
    @885sage Жыл бұрын

    One of the interviews I like to watch. Thanks!

  • @samtroy2199
    @samtroy2199 Жыл бұрын

    Amazing! This was great! I’ve read Boris’ book over 20x, thank you Etriemme 💎😎👌

  • @brucesmith6868
    @brucesmith6868 Жыл бұрын

    Thanks E another great interview!!

  • @DesireToTRADE

    @DesireToTRADE

    Жыл бұрын

    Very glad you liked it, Bruce!

  • @Trader100fish
    @Trader100fish Жыл бұрын

    Very good talk

  • @captain687
    @captain687 Жыл бұрын

    After losing 10k almost 20 I canned martingale/grid trading. I'm back to classic 1-2% risk 1.5:1rr. My scalping strategy has a range of 40-60% winrate depending on which pairs and market conditions.

  • @The_Eccentric_Trader
    @The_Eccentric_Trader11 ай бұрын

    I love this interview. Dnt agree with everything but some good points were made. I think as traders/entrepreneurs we should always keep an open mind when it comes to Different styles of trading and also risk management. To have a 1:1 RR on every trade(To me) is a waste of a edge. The whole point of having a 2:1 or 3:1 RR is to increase your odds of being consistently profitable. This means I could potentially have a 30% or 40% win rate and still be a profitable trader, which is good because trading profits are not linear you win big and you lose small. “Impossible” Is not a term that I use . 😅

  • @ifeanyichukwuanowai9452
    @ifeanyichukwuanowai9452 Жыл бұрын

    I love his perspective.

  • @davecopp9356

    @davecopp9356

    Жыл бұрын

    He seems a no BS guy. 1:1 R:R with aiming for a Win rate of 60 percent. 100 trades gives you 20 R. He takes around 10 Trades / day * 22= 220 Trades per month, this gives you 44R per month with a low DD.

  • @ooopoop2504
    @ooopoop25042 күн бұрын

    The man admits that his personality is fast paced and is unable to trade on larger time frames. So it makes sense that he is comfortable with the 1:2 risk to reward strategy.

  • @FarhanAbdi-eq2it
    @FarhanAbdi-eq2it Жыл бұрын

    this is great man

  • @Justin_C_UK
    @Justin_C_UK Жыл бұрын

    I recently started favouring 1:1 R/R for day trading too, and it has done a lot for my psychology and helping me stick to my plan. Wishing I had focussed on this sooner. 👍

  • @Justin_C_UK

    @Justin_C_UK

    Жыл бұрын

    @@realfreedom8932 Around 65%

  • @anandradhakrishnan1302

    @anandradhakrishnan1302

    Жыл бұрын

    What is your strategy?

  • @jalonrichard2334

    @jalonrichard2334

    Жыл бұрын

    Same here!

  • @ExpatTraderFX

    @ExpatTraderFX

    11 ай бұрын

    To low for my taste 1:1.5 is my sweet spot and I move my sl to breakeven once it hits 1R

  • @drken9093

    @drken9093

    6 ай бұрын

    ​@@ExpatTraderFXsame😂

  • @RohnisGames
    @RohnisGames Жыл бұрын

    Really Liked this Interview, Boris talked alot about what I am actually doing myself, this showed me that I am on the right path.

  • @hendriksprikdesign

    @hendriksprikdesign

    11 күн бұрын

    Same here! 🙏🏾

  • @MrBdanci
    @MrBdanci Жыл бұрын

    good interview just the discord link not working for me

  • @henke_palm
    @henke_palm Жыл бұрын

    As a "full time trader" I can confirm he is 100% right. Fuck the sexy stuff. Do what works

  • @ccjx_space
    @ccjx_space8 ай бұрын

    "It is non replicable" - this is very truth for any kind of so called "intuitive" trading

  • @tradergman6761
    @tradergman6761Ай бұрын

    I have traded many years and can firmly tell you a 2R system is possible intraday. "For him" what was said is true, but for another trader it does not have to be so. Newer traders remember that.

  • @DedSec44
    @DedSec44 Жыл бұрын

    good content

  • @christopherk7920
    @christopherk79205 ай бұрын

    I like what Boris pointed out in the prop firm trading challenge, i.e hitting 10% target in 10 weeks while minimizing losses and making steady small returns. I think too many traders want results quick and that's how they blow up their chances

  • @r.f.damanikst4267
    @r.f.damanikst4267 Жыл бұрын

    RRR 1:2 is possible with 52% winrate. That's my risk management.

  • @awelldressedape3419
    @awelldressedape3419 Жыл бұрын

    his 1R value trades comment is only applicable to forex, so many better opportunities out there

  • @ColliePixels
    @ColliePixels Жыл бұрын

    Discord link is expired can you please post again.

  • @sharonsmart62
    @sharonsmart62 Жыл бұрын

    The most important thing that should be on everyone mind currently should be how to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the world 🌍. This is still a good time to invest in various stocks gold, silver and digital currencies

  • @debosamueloyeniran151
    @debosamueloyeniran151 Жыл бұрын

    Wow! He had the best argument for algo I’ve heard 👍

  • @debosamueloyeniran151

    @debosamueloyeniran151

    Жыл бұрын

    @Richard Mark hi Richard, not really, 18 months now.

  • @gloriajackson

    @gloriajackson

    Жыл бұрын

    @@debosamueloyeniran151 I was once like you but after meeting an expert on trading, I’m now on financial freedom.

  • @YusufEymen248
    @YusufEymen248 Жыл бұрын

    Lack of trading discipline is the primary reason for intraday trading losses it is estimated that nearly 80- 85% of intraday traders end up losing money in the forex market Experiencing loss is also part of the game but that don't mean you should give up...

  • @YusufEymen248

    @YusufEymen248

    Жыл бұрын

    @Lilan Kendy I'd advise you get a professional to help you get started. I learnt my lesson

  • @mrahhoussam2341
    @mrahhoussam2341 Жыл бұрын

    please what's the name of the trainer and mentor of traders that he mentioned . thank you

  • @8figurejazz362
    @8figurejazz362 Жыл бұрын

    Watched a video Doyle did a yr ago an it leaded me here 🙏🏽🙏🏽

  • @mikekutoane911
    @mikekutoane911 Жыл бұрын

    Great interview... Next time you can also bring Katy Lien

  • @DesireToTRADE

    @DesireToTRADE

    Жыл бұрын

    Here you go: kzread.info/dash/bejne/eJpomdV7aM2cqNI.html

  • @whoaitstiger
    @whoaitstiger Жыл бұрын

    My R/R is 1:Whatever. Whatever is whatever the market will give me. Leverage is _poison._ If you avoid it, you will become rich. Never _ever_ _ever_ _ever_ add to a losing trade no matter how badly you want to. Never. There is just no reason to ever do it. After all these, the ultimate rule above all is _STOP_ _TAKING_ _BAD_ _SETUPS._ Just stop taking them.

  • @kathiravand9588

    @kathiravand9588

    Жыл бұрын

    U r a real trader ...

  • @William.-.

    @William.-.

    Жыл бұрын

    Using leverage is good as it increase your profit. How do you stop taking bad setup?

  • @whoaitstiger

    @whoaitstiger

    Жыл бұрын

    @@William.-. Leverage will increase your losses as well. It's something that should only be used once we have a lot of experience. To avoid taking a bad setup is something that comes with experience too. I recommend paying close attention to volume. Make the bulls or bears prove to you that the market is behaving the way you want before risking the setup. Don't rush into trades. It's better to wish you were in than to wish you weren't in.

  • @William.-.

    @William.-.

    Жыл бұрын

    @@whoaitstiger i agree that leverage will increase your losses if you don't go where your leverage / risk limit is. They have been so many people and companies that have fallen to over risking or using to much leverage such as long term capital management (LTCM) One thing that people should do when getting into trading is where is you risk / leverage limit before you blow up. I have seen many people refer to using your "playbook setup"

  • @whoaitstiger

    @whoaitstiger

    Жыл бұрын

    @@William.-. Yeah leverage is alright if you know exactly what you're doing. It's just a very powerful and dangerous tool. When I say it's poison, I mean it is poisonous for developing traders.

  • @coconuttcp2574
    @coconuttcp2574 Жыл бұрын

    degree of freedom is the key to successful trading.

  • @itslike123
    @itslike123 Жыл бұрын

    Legend

  • @piercarloscalamandre5204
    @piercarloscalamandre52048 ай бұрын

    What do you think about Risk 4 reward 1?

  • @tradingbadm
    @tradingbadm Жыл бұрын

    I love the truth exposed. Great interview

  • @quintonmaldonado8368
    @quintonmaldonado8368 Жыл бұрын

    Confirmed, I realized the power of just trading one instrument recently. If you are starting out backtesting and you aren't flipping between multiple trades during the backetest while trying to become profitable, why do it with real money when you automatically trade lower quality setups with a lower attention span.....trying to pay attention to multiple things.

  • @quintonmaldonado8368

    @quintonmaldonado8368

    Жыл бұрын

    @@brianjung160 trillions per day, beast mode activated

  • @n_s_352
    @n_s_352 Жыл бұрын

    tbh if I go with the 1:1RR then I will not be as selective with my trades than with a 1:3RR for example. And I do know people who are making a living from trading and have a rule not to enter when it's not 1:3RR

  • @showboat4869
    @showboat4869 Жыл бұрын

    Does anyone here know any traders that trade the US30 futures and has a website and KZread channel etc ?

  • @brandonballou4387
    @brandonballou4387 Жыл бұрын

    I would respectfully have to disagree with this man. I've only been trading for 2 years part-time for the first 6 months full-time for the last 18. But I've managed to average a 30% success ratio by mass majority with four to one risk reward. Granted it's much easier doing weekly swings to find that type of ratio as opposed to day trading. So there is some truth to that but in general it is reasonable for your standard to be a 4:1 risk to reward. I know that because I'm fairly new at this still and I am having success on that level and my circle of people I trade with who are much more experienced and maintain that as well if not more

  • @therealdoctory-roblox3844
    @therealdoctory-roblox3844 Жыл бұрын

    Etienne was showing 2:1, 3:1, and even 4:1 reward to risk ratios setups in his last video post. Maybe those setups occur less often, which means one should not think they have to have a trade everyday.

  • @davecopp9356

    @davecopp9356

    Жыл бұрын

    I believe that Etienne also said something about 2 or 3 trades a week he takes with his strategy with a Win rate of around 48 percent if I remember correctly.

  • @DesireToTRADE

    @DesireToTRADE

    Жыл бұрын

    @@davecopp9356 Yep, my win rate on the 4R would be around 38% but they don't occur often. You catch a lot of small wins along the way.

  • @FXM3

    @FXM3

    Жыл бұрын

    @@DesireToTRADE I had to check the calendar to make sure today wasn’t April fools, cannot believe what came out of his mouth.

  • @davecopp9356

    @davecopp9356

    Жыл бұрын

    @@DesireToTRADE Thank you for taking the time. Great interview. Your channel is great.

  • @howardhill3395
    @howardhill3395 Жыл бұрын

    being selective, low margin, high turnover, consistent good execution ...I like it.

  • @carissamarcus5375
    @carissamarcus5375 Жыл бұрын

    I’m so happy I made productive decisions about my finances that changed my life forever. I’m a single mother living in Melbourne Australia, bought my second house in September and hoping to retire next year at 50 if things keep going smoothly for me......

  • @Ralph782

    @Ralph782

    Жыл бұрын

    Congratulations beautiful lady. You’re really doing well for yourself, I’m 45 and my financiaI Iife is in a mess. Any great tips would really go a long way in shaping my life. I want to buy my own house, that’s really a big flex.....

  • @carissamarcus5375

    @carissamarcus5375

    Жыл бұрын

    Sorry for late reply sweetie, I used the FIRE movement to put my finances in order. Then lnvested in stocks, cryptocurencies and reaI estates though the assistance of an lnvestment Pro who helped me make it this big.....

  • @Ralph782

    @Ralph782

    Жыл бұрын

    Thanks for your kind response, I would love to connect with your financiaI consuItant......

  • @geoffreymccann2841
    @geoffreymccann2841 Жыл бұрын

    Very interesting. But he lost me when a psychiatrist used to be a trader and he started taking note of her, admitted he's been in the market for many years . But I've seen this in so many industries people can't make it in the industry as a particular thing so then that become consultants or so called experts in the field they couldn't make it in. He also talks numbers he better do the numbers on if he reduced his bad trades by 10% which probably is done by reducing the amount of trades per day he may make more money.

  • @tradingthematrix
    @tradingthematrix Жыл бұрын

    I disagree with so much said in this. You Can change your psychology through mindfulness practice and studies prove you can shrink your amygdala(emotional brain center) in just 8 weeks. Also we know from many resources good speculative traders(individuals not trading high tech algos) at institutions and firms are achieving 50%+ a year as a top standard, how big they are capitalised by the institutions we don't know though. Point is these things are possible. Saying. "nobody" does certain things is just plan wrong and a horrible mind set

  • @FXM3

    @FXM3

    Жыл бұрын

    I said the same thing I couldn’t believe what came out of his mouth.

  • @FaustoFX

    @FaustoFX

    Жыл бұрын

    I guess it's easier to find a strat that suits yourself more than try to change your amygdala for trading better lol

  • @tradingthematrix

    @tradingthematrix

    Жыл бұрын

    @@FaustoFX any good method of self improvement is important. You can't seriously be saying its a waste of time haha mindfulness practice took me from being unprofitable to full time trader and my strategy never changed during the time frame

  • @humble2828

    @humble2828

    Жыл бұрын

    @@tradingthematrix Are you talking about meditation? Do you just listen to guided meditation or do something else?

  • @peterp4753
    @peterp4753 Жыл бұрын

    Yeah, I never even understood 2:1 3:1... reward risk ratio

  • @moneymakerfosho6915
    @moneymakerfosho6915 Жыл бұрын

    I really dislike when people cannot do something they assume that others cannot do it as well! There are plenty of us who are manually trading and doing it successfully! That killed my desire to watch anymore of this guy

  • @stephielleify

    @stephielleify

    Жыл бұрын

    Me too. I was totally disgusted by this video by a seemingly respectable trader. This is the first time I "disliked" any of Etienne's videos. Huge disappointment!

  • @erwin222

    @erwin222

    Жыл бұрын

    @@stephielleify Abit of the same for me. Its like he's right and the others are wrong idk. And ngl but its perfectly possible to get a (at least) 1:3 RR on US30... it moves like crazy after Us open

  • @dashfo01

    @dashfo01

    Жыл бұрын

    I agree. I won't be finishing the video.

  • @Toluwalupe

    @Toluwalupe

    Жыл бұрын

    It's from his experience and his perspective therefore his opinion . Don't take it to heart or as law, it's just a window into his mind and world.

  • @moneymakerfosho6915

    @moneymakerfosho6915

    Жыл бұрын

    @@Toluwalupe done! I just think that is so damaging to new traders who trade differently than he does. Every trader has to find their own unique style the one that best fits their personality. Thank you for the insight I do agree 😁

  • @jasonbutler5064
    @jasonbutler5064 Жыл бұрын

    I watch someone that gets 3/1 nearly 90-95% of the time swing trading on 4hr daily. He never fails.

  • @jakefallon2335

    @jakefallon2335

    Жыл бұрын

    Who is that Jason?

  • @jonathanheaden9982

    @jonathanheaden9982

    Жыл бұрын

    Sounds like market maker method or ICT!

  • @drleo6409
    @drleo6409 Жыл бұрын

    You do not KNOW when it will go up. Only PROBABLY will.

  • @ScalperSpecltr
    @ScalperSpecltr Жыл бұрын

    Etienne plz stop taking interviews from guys who are selling us stuff. Boris is a great sales man. We want genuine guests!

  • @sevenparr2119

    @sevenparr2119

    Жыл бұрын

    Good interview to me. He’s just un-shameful plugging his discord and here you are shaming him smh

  • @blazingtortoise

    @blazingtortoise

    Жыл бұрын

    If you didn’t find any value in the information that was shared… you’re hopeless.

  • @brandonweemhoff9242

    @brandonweemhoff9242

    Жыл бұрын

    You should stop trading and work on yourself first. That negative mindset will cost a lot in your trading.

  • @rikirex2162
    @rikirex2162 Жыл бұрын

    traders only hope is You Tube.

  • @shahul_igold
    @shahul_igold Жыл бұрын

    Check btc sell oN :62000 buying oN 20000

  • @MrSosch
    @MrSosch Жыл бұрын

    Full of crap told with much confidence. Expected value of your trading is that matters. Probability, risk and reward. If you can get a positive result, the mix doesnt matter.

  • @yardie444
    @yardie4446 ай бұрын

    Pssht! 😂 oh they're people out here with a 70% hit rate & a 1:3 rr

  • @nem3sisfx
    @nem3sisfx Жыл бұрын

    Here is the issue with trading YOU CAN NEVER BE PROFITABLE WITH SOMEONE ELSES STRATEGY AND PSYCHOLOGY PATTERNS WHAT YOU CAN DO IS ADAPT AND IMPROVE YOUR OWN WAYS FROM THERE WAYS YOU NEED UNDERSTAND YOUR BRAIN VS MY BRAIN IS NOT THE SAME LEARN EARN GAIN REPEAT

  • @nem3sisfx

    @nem3sisfx

    Жыл бұрын

    @Richard Mark no I'm very well established

  • @mlondipraiseworth3223
    @mlondipraiseworth3223 Жыл бұрын

    Trading is math and I guess one thing left to solve for Mr Boris is RRR and He cannot claim that no body has done that.

  • @willh7690
    @willh7690 Жыл бұрын

    I have to completely disagree with this guy on R&R. 1:1 is so damaging to your physiology as a trader. If you loose 2 trades you now have to win 3 trades get get ahead. That's a horrible strategy. Over my years of tradeing I've developed a strategy that involves dianamic R&R and dianamic entry and exits. Over much back testing I've found 3:1 is typically the most successful but like I said I use a dianamic approach. Full disclosure I trade s&p futures and that's it. My win percent varies from 45%-70% but my winning tick ratio is almost always very close to 3:1. This guy just doesn't have a good system. Sorry but the truth hurts. I'm beginning to believe that the old statistic that 90% of traders fail is completely out dated. Like I said I've been tradeing for a very long time and it has never changed. I call bluff.

  • @Kloutkulture
    @Kloutkulture Жыл бұрын

    I trade 5:1 all the time and recently got recruited for a firm

  • @LoganAddisMusic

    @LoganAddisMusic

    Жыл бұрын

    Which firm of you don't mind?

  • @Kloutkulture

    @Kloutkulture

    Жыл бұрын

    @@LoganAddisMusic it’s an out of the country private equity firm. Non public. You can work for those without licensing

  • @LoganAddisMusic

    @LoganAddisMusic

    Жыл бұрын

    @@Kloutkulture ahhh gotcha thanks. Any trustworthy ones you recommend?

  • @Kloutkulture

    @Kloutkulture

    Жыл бұрын

    @@LoganAddisMusic I don’t know. I got recruited by one by a bigger trader than me. My gf works for one too but she also got referred. I’m almost positive it’s not a thing you can look up. I’d recommend fund-seeder

  • @LoganAddisMusic

    @LoganAddisMusic

    Жыл бұрын

    @@Kloutkulture awesome, thanks!

  • @EbrahimTahassoni
    @EbrahimTahassoni4 ай бұрын

    He clearly doesn't know what he's talking about. 1:1 is a loser anyway. The reason is simple. Even if he's 60% right in the market all that extra 10% is going to go to the broker, and if you stop and think about it, when you hit a 1:1 already on a trade, the probability of it going to 2:1 TP instead of your SL is 67%. And he only needs to be 40% right at a large sample size. It's basic math.

  • @bruceprofitsTradesFutures
    @bruceprofitsTradesFutures8 ай бұрын

    Fake bots in this chat 😂

  • @oscarcalva2189
    @oscarcalva21897 ай бұрын

    I heard “there is no such thing as discipline or controlling your emotions” and stopped watching right there. This dude is clueless.

  • @mann234
    @mann234 Жыл бұрын

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