41 Comments

  1. Thanks for sharing these three tips. I am new & learning. Last night I lost a trade because I put the stop loss too close. I missed the boat & trade closed in 5 minutes. If I didn’t do that mistake I would make good money. Lesson learned from the trade & your video. Once again thanks.

  2. I always trade with a tight stop and have for years, if I am wrong, I want to know right away so that I can get to the business of making money……………..

  3. Thank you David, I have heard somewhere that the EU gave last week the ECB permission to buy bonds to pull up the EURUSD pair or the Eur pairs a bit higher. Is that true?

  4. I have been practicing on a demo account for a long time now and I can imagine that a big mistake many people make is to not practice first on a demo account.

  5. I wish I watched your videos couple of years ago before rushing into the trading and loose substantial amount of money. Great videos, Many thanks! Just registered with 212 to start give it another try:)

  6. For trading the position size should be of such a size that you're prepared to lose the position and it wouldn't effect you, and you wouldn't lose sleep over it. If you follow the strict school of trading any short term bet you make in the market shouldn't be more than 1% of your liquid assets. So for a guy with a million dollars that means 10k on each single trade, which is fine. But commonly people with a smaller amount of liquid assets bet too much. A beginner with $5000 in liquid assets might bet $500-1000 on a single trade, 10-20% of their liquid assets, and then they're at a very large risk of getting wiped out and getting emotional about it. The thing to remember is that if you do this for a while everyone will have good streaks… and bad ones.

  7. Thank you for the video Mr Jones. Since Oil is the 'Master' commodity, it should be ( as highlighted by yourself) with the utmost respect. When it's gone, it's gone, to use a drinking analogy. Since it's impact is well documented, The problem is not so much with the engineering (I.E. Cars, lorries etc) but, and I can't emphasize this enough, the Fuel. Canterbury University's student transport runs on bio fuel. I think that's the future, together with Charging points at any address (public and on privatised land). The reduction of pollution off petrol and diesel automobiles must surely be phased out, with the oil rig workers paid their due for all their work over the last half century .

  8. Been watching all these videos on option trading for as long as I can remember but it's just same old same old.. I wonder if anyone ever really makes profits off this anyway.

  9. I know this video is a bit older but damn there is so much fast money with oil. I opened a virtual account to test some stuff out and bought 8k oil, sold it for 13k totaling 5k profit in 20 minutes 😀

  10. Great video. I am glad you mentioned setting your SL wider. I was first taught to set your TP at 3 pip and your SL at 3X your TP, which was 9 pip. I would back test the crap out of my strategy with this information and I would lose much of the time and I couldn't figure out why. Then I decided to back test using a larger TP and SL. What I found astonished me. When I would trade with a TP of 3 pip, I would only win about 55% of the time. Then I changed my TP to 6 pip and my SL to 30 pip and people told me I was crazy. I use the same exact strategy and I win 92% of the time now. I noticed the same thing you did, when the markets moving you need to give your trade time to work. Thanks for the video.

  11. Greetings, I'm Luis, and I'm interested in trading, but I want to start with a very low capital since I don't have much money, I don't want to believe that I'm going to get rich overnight, but I want to start practicing in a real way and so see if I am good for this, any council that wants to give me will be welcome, or for all that I have seen at the moment I think that one of the methods that I am most interested in for trade is scalping, but if you suggest something different, I will take it into account, thank you very much for reading my message.

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