Related summaries to Trading Strategies
La stratégie exacte qui m’a permis de passer de 0 à 100K à 20 ans ( La vérité)
The video discusses a 6-step system that the creator used to go from 0 to over 100,000 euros in trading profits. The key steps are: 1. Set a clear, measurable trading goal (e.g. generate X euros per month). This gives your trading a specific direction and purpose. 2. Thoroughly backtest your trading strategy on historical data, then demo trade it to validate the strategy's profitability before going live. Filling out a trading journal is crucial for this. 3. Start trading with a small real account (e.g. 2000 euros) and scale it up aggressively. However, the creator cautions against getting overly euphoric and losing control, providing the tip to set mental rules like taking a break after certain losses/gains. 4. Transition to using prop trading firms, which the creator found to be a great opportunity. He explains the different mindset and approach needed for challenge accounts vs. funded accounts. 5. Focus on mental and financial security, such as by taking small profits to recoup your initial investment and reduce stress. 6. Once the trading is stable, scale your capital as much as possible and diversify into other investments like crypto and stocks to compound your wealth. Throughout, the video emphasizes the importance of having a clear, structured, and repeatable trading strategy, as well as the psychological and risk management aspects of successful trading. The creator offers to provide a personalized action plan for viewers who want further guidance.
CRT Model 1 by Romeo
The video discusses the common problem faced by traders where they are able to predict the price movement correctly but are unable to capitalize on it and make money. The speaker refers to this as the "horrible stage" where traders feel like they are close to a breakthrough but keep getting dragged back in. The key to escaping this stage is to first admit that there is a problem and that you are stuck in this phase. Then, the speaker introduces a trading model that combines "Model Number 1" and CRT (Candle Range Theory) to help traders become more successful. The main aspects of this model are: 1. Identifying the CRT High, CRT Low, and the key level on the weekly timeframe. 2. On the 4-hour timeframe, looking for a "thick up close candle" that goes above the CRT High, and then waiting for it to break back below the low of that candle to enter the trade. 3. Using the CRT range to define the targets - 50% of the range as the first target, and the CRT Low as the second target. The speaker emphasizes the importance of understanding the difference between CRT and ICT (Institutional Cycle Theory), where ICT traders tend to randomly target lows without the clear objective targets provided by CRT. The video also touches on the importance of patience and persistence, acknowledging that not everyone will progress at the same pace, but if you stick with it, the "aha moment" will eventually come. The key is to not quit, even during the losing days, weeks, or months, and to focus on improving yourself as a trader rather than blaming the system.