How To Make Money Trading, Even When You Are Wrong

[david678345]

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?

[Ben Barubal]

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?

     What else would you expect from a YouTube influencer? Of course, the majority of YouTubers, when they fail, are after views to get a profit after 1 month if the channel is monetized.
You know the current trend on YouTube of influencers who have an account there; it doesn't matter if they look stupid or lie; what they say is fine.

     Because what they're after is to criticize, bash, and get noticed in the video they'll upload to their channel to attract the attention of the YouTube community.
It doesn't just happen once to different influencers, to be honest.

[batang_bitcoin]

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

He's wrong with his first prediction on how that token is going to be? if it's on the spot, everyone can still recover unlike the futures traders that they can't go back or sit while they're liquidated by the market.

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

Yes, you're free to post the video but don't expect that many will view it.

[Assface16678]

Little advice don't believe in what you are seeing in internet or youtube, I mean dont just believe them thinking that what happens to them will also happens to you, you are different from them, maybe the strategy you saw in YouTube is working for him but it doesnt mean it will work for you, you are just putting yourself in a tight and bad situation incase you take inspiration from his strategy, maybe use it as a reference and try do trading and if you notice that its not working for you then stop, all traders have their unique way of trading based on their capabilities and skills dont just copy others strategy and thimking it will work for you. Do your own research, make your skill grow in trading and widen your knowledge about trading stuff in that way you will come up with your own strategy in trading and how will you approach the market.

[mr_random]

   What else would you expect from a YouTube influencer? Of course, the majority of YouTubers, when they fail, are after views to get a profit after 1 month if the channel is monetized.
You know the current trend on YouTube of influencers who have an account there; it doesn't matter if they look stupid or lie; what they say is fine.

     Because what they're after is to criticize, bash, and get noticed in the video they'll upload to their channel to attract the attention of the YouTube community.
It doesn't just happen once to different influencers, to be honest.

Exactly, the current trend is telling unreliable info on social media to attract followers as much as possible to make money. There are hedge options to neutralize the possible risks but advertising this info as making money even if you are wrong as a trader, I don't know what to say. All right, these Youtube streamers wanna make money but there are smart ways to do it, unlike the video creator which has been watched by OP. They even clean the comment section of whoever criticizes their biased info flow and the wrong steps they show to newbie traders. My best suggestion is to read trading forums instead of watching such videos full of useless data.

[GreatArkansas]

(...)
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,

This is the power of risk management, as long as you are consistent with your style or way of trading, you will be profitable, you need to master and control your emotions, not chasing loss is very helpful for this kind of case.
Maintaining this in the long term will make you profitable.

[hd49728]

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

When you say a trader made things wrong in trading, it means loss. A trader can not make mistake and get money from trading.

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

It is a good capital management and let me elaborate it more.

You can start with $100 and if you succeed to increase it to $200 or $500, my advice is to withdraw $100 or $400 profit, and continue to use only $100 initial trading capital to trade more.

You will not lose if your initial capital if you manage your capital this way.

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

Nothing is completely sure in the market.

[Fuso.hp]

If we are wrong in trading then how will we see the possibility of making money. We cannot make money trading as long as we think we are making mistakes. Your destination is west but if you walk east then you will never realize your destination, similarly if you use wrong strategy instead of right strategy in trading you will never reach your right goal. If we feel that we are trading with the wrong strategy then we need to change the strategy and then change the strategy to apply the right strategy so that we can achieve success. Although if a trader makes a mistake, he will learn from the mistake and move forward, but if the trader realizes the mistake, he does the wrong thing again and again, but it will definitely be foolish for him, so he must trade with the right strategy without doing such foolishness if he wants to make a profit.

[hd49728]

If we are wrong in trading then how will we see the possibility of making money. We cannot make money trading as long as we think we are making mistakes.

It can be profit with one lucky trade. We made bad decision, opened a bad position but the market gave us a gift and we got profit but it is for one or two lucky trades. In trading, long term, luckiness won't stay with a bad trader too long time.

Although if a trader makes a mistake, he will learn from the mistake and move forward, but if the trader realizes the mistake, he does the wrong thing again and again, but it will definitely be foolish for him, so he must trade with the right strategy without doing such foolishness if he wants to make a profit.

Learning from mistakes and losses in trading is not easy. Traders usually make things worse and worse by repeating mistakes and even escalate it by trying to revenge the market.

From small losses to bigger losses and at the end, bankruptcy by over greedy and over leveraged in trading.

[adaseb]

So basically he is trading without a stop loss. And since he is trading this way, generally usually some of those losses will reverse and they will dampen his earlier losses.

Sure this will work in a sideways market. But won’t work in a bullish or bearish market. If the market is bullish and he keeps shorting, eventually his position will be so large that it will liquidate him.

It’s not a good way to trade without a stop loss. It’s better to take a loss early and move on to something else. Don’t stay in losing trades for too long.

[Alana Arden]

YouTubers often fake the truth to make their channel more attractive and make money. So trusting the internet or YouTube without checking something would be a wrong move. I mean, never assume that other people's tricks will work for you. Just like you can't learn to swim without getting in the water, you can never learn trading by copying strategies shown by others without doing your own research. We learn from mistakes and correct those mistakes to make ourselves more experienced and skilled. So to improve your trading skills and expand your knowledge about trading, you need to do your own research and have the right strategy and understanding of the market.

[goaldigger]

Trading is about timing the market perfectly, I'm wondering how can you make money when you make mistakes with your set-up?
Not unless that was an unintentional trade and yet the market favors your position and you are able to create money.

You should not fully depend to anyone when it comes to trading especially to the self-proclaimed influencer because they are doing it for purpose and you might not be able to adapt their strategy in time. As a trader, you should have your own strategy that can work based on your own timeline, don't listen to that about doing wrong and still make money, that's not how it works in the real world.

[hd49728]

So basically he is trading without a stop loss. And since he is trading this way, generally usually some of those losses will reverse and they will dampen his earlier losses.

Sure this will work in a sideways market. But won’t work in a bullish or bearish market. If the market is bullish and he keeps shorting, eventually his position will be so large that it will liquidate him.

It’s not a good way to trade without a stop loss. It’s better to take a loss early and move on to something else. Don’t stay in losing trades for too long.

Cryptocurrency market is very volatile and trading in this market is very risky.

Have good risk management is a first thing must learn before funding your trading account to trade. Risk management includes identifying risk reward ratio by that a trader has to determine the entry price, cut loss price and take profit price.

Then using a stop loss order to cut loss when price hits a cut loss price.

A better order is Stop limit order.

A trader must know difference of Market order and Limit order too.

One of best weapons in trading
Understanding the different order types
What is a stop limit order?

[|MINER|]

Don't always trust YouTube videos.  Because they make most of the videos based on lies to get views.  Trade should always be done from own experience.  Learning to trade is hard enough.  But with regular practice of psychology and technical analysis it is possible to master trading.  Moreover, there are some basic rules of trading which can be followed to become a good trader.  Don't believe anything exaggerated in a video.  Because most of the videos are scams and made to get views.

[kentrolla]

Without getting much into the trading strategies you mentioned which was shared by so called influencer I want you to discard all the techniques which they blabber as they do anything and everything for views, if they can win using any of those signals or strategies they won't be wasting time making videos. I have wasted enough time by following indicators and signals shared over YouTube they shamelessly share the indicators which repaints as well. Go back to basics and avoid these influencers.

[taufik123]

A fairly simple strategy, but it requires good trading knowledge, technical and fundamental analysis and knowing when to enter and exit.

It will work on spot or futures trading using compound strategies, and it's effective enough for short-term trading,
provided you've got strong enough capital to keep making incremental purchases 2x more than the initial purchase.

When the market starts to rise, it's time to sell with more profit, especially if it passes the first purchase price.

[stomachgrowls]

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?

Usually this would really be talking about Trailing Take profits and Trailing SL's on which if you do really just that know on how to make use of this kind of strategy and made out some good decision making then
you could really be actually be able to make out profits despite of those losing position but of course not all the time it would really be a profitable one because there would really be movements or negative
that could lead out into reds but somehow if you do have this kind of skill or knowledge then this do really shows out that you could really be able to lessen up the the risks that you are taking.

This is really that advantage of those professionals or skilled ones compared into those noobs around but of course everyone starts on being a noob then learning is something that you would really be needing to follow.
As for PDF then there are tons that you could be able to see on, it would really be just that matter of research and finding with those information. Somehow there are some ebooks
which it might be something significant for you to learn on, but well its not worth it since everything could be seen online for free.

[Maslate]

(...)
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,

This is the power of risk management, as long as you are consistent with your style or way of trading, you will be profitable, you need to master and control your emotions, not chasing loss is very helpful for this kind of case.
Maintaining this in the long term will make you profitable.

Yes indeed, risk management can do a lot to make a trade successful. And if you do it more consistently everytime you trade, then most likely you will never end up losing most of your trades. But do not end up with overtrading, that’s another story to tell. And never fall everytime what YouTubers have to say, its only rare of them that are telling the reality about trading, majority are still hiding their real experiences with trading, or they’re not actually trading in real life, who knows?

[Issa56]

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

When you are trading and things goes wrong, then I will say you are losing money from trading, so I don’t understand how you are going to be making money when things are going wrong? Maybe there is something you don’t understand. Also I will like to tell you that you shouldn’t trust most of those videos which you are going to be seeing on YouTube, most of them just post just because of subscribers and like, they just want to build their YouTube accounts so that they are going to be paid, so if you trust must of those YouTube videos, then you will be losing a lot.

because he is not risking a large lot size per trade.

When you are trading, always trade with little amount you can afford to lose, don’t trade with the money which incase if anything happens, you will end up being affected. If you have a good strategy, you might be trading with little amount of money, and be making more profit than someone trading with big amount of money. So always risk what you can afford to lose.

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?

If you are not a English native speaker, you should have just posted link to the video, so that everyone will be able to watch the video themselves, not everyone will understand your post, but if you post the link, everyone will be able to watch the video. I will recommend you just edit your post, and add the link, it’s not late for that.

[tvplus006]

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

And what is the basis for this trader confidence that the price will return to the purchase zone anyway? Based on my experience, I can say for sure that not all coins increase in value after falling. And for some coins, sometimes you have to wait several years for movement.