Quote from: synchronym on April 06, 2024, 09:35:17 AM

Quote from: david678345 on April 02, 2024, 10:08:35 PM

I saw a video on Youtube where the trader is able to make money trading, even when he is wrong...

The key points:

He is able to be in drawdown from 8 trades in a row, because he is not risking a large lot size per trade.

He knows the market will retrace back or close to the original first trade,

The newer trades act as the profitable trades to dampen the loss from the earlier trades

I am not an english native speaker so I dont understand everything in the video..do you know where I could find more info on this strategy in text/pdf?

Is it possible to share the video here in case someone is intersted in sharing more details about this strategy?

You definitely don't believe everything you see on YouTube because what happened to them is not what will happen to you, but you can't believe everything on YouTube. But if you are new to trading, you must trade very carefully because your trade can be damaged due to a little carelessness. You must have a long-term plan in trading. If you can trade with a long-term plan after checking the market, you will definitely be a successful trader.

This is what those youtuber do, they always want to make their videos engaging and they need a tool that can easily attract people which is money since this is hot tool which can attract a lot of people. That's why here are these people the same with OP think that what they show is legitimate since they see that those people earning good on video. People need to have critical thinking that if these people really could able to for sure they would mot share their secrets and most provably that they are in focus to earn a lot of money on the methods they know and these people will not spend or waste their time creating videos since it will just add up to their work. People should know that they don't need someone to earn on trading. But they could do something so that they can enhance their skills and they can avoid those people who says something unrealistic.