Developing a Profitable and Winning Trading System

How do you go about formulating a strategy with a positive expectancy? Charlie Burton, trader and educator comments. Winning more than you lose. The way that I personally formulate strategies is to spot at recurring themes and then start testing - you take the basic theme - say a breakout at a certain level - if I use a stop loss here and a target here - how often would I be right. And I would use different levels to identify better strategies. Most traders focus their efforts on finding the best trading system but this will not by itself make you money. Please comment. The problems with most traders is mindset - they tend to hesitate when taking decisions especially when following systems.

[ukspreadbetting]

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[mustafabaris]

Experience is what you get when you don’t get what you want in life .... This guy blew a 250, 000 USD account before he became a consistent profitable trader ... He paid the price and persevered .. Think about that ... 250, 000 USD account down to ZERO ... Yet, he is out there giving valuable advice to retail traders ... Don’t you wanna listen to him and learn from his mistakes ..?? If you are serious about trading, you should absolutely listen to what he has to say ...

[razam]

In my personal experience unless you burn your account really hard you will never be able to control your trading mind
You have to learn this game from hard way

[angelgutierrez]

This guy has mastered trading!! Many people flash with high win rates just for validation but they don't even know that most of the best traders have a win rate about 50%.

[Thenarayanaclips]

This guy is purely pouring out wisdom. Truly an experienced guy. Thanks a lot for your wonderful videos which help us a lot.I can't understand why there is so much less subscribers in this channel.

[iliovininino]

This Interview is solid gold. And this video by itself is highly valuable. Great jobs, tks for sharing.

[pengekcs]

Great advice, I know that I need to work on my trading psychology first and foremost, that is the most important thing. Thus building my belief. Great videos. Small, concise bits of crucial advice.

[woopygoman]

Backtesting is your friend. At least 10 years!

[ushanpadukka]

Its a great interviews with so much much learnings and values... thank you for your all effort for keeping this channel up... clean and clear providing true wisdom of trading at one place which is very rare.

[robertkacala]

right said, follow the trade plan don't skip entry because might be wrong...follow the winners swallow the losers;)

[rk]

I wonder why people start with $40 or 50k, , why don't with just $1000 or $2000, before you learn the markets

[jeffallen]

Good god the interviewer is beautiful. Great content too!

[AManofBalance]

The book Psycho Cybernetics talks about visualization.

[gedalianiasoff]

its not bout the wins its bout the odds its how well can u play the odds in favor

[CarlosArruda]

Start with £5k, put all equity on a trade, whatever you can get like 20 to 50 maybe £75 points per pip, take your stop loss to 66% of that trade value and set your TP at 2 to 3 pips. A winner almost every time 8 out 10. Again, it's all about entering at the right time, at the highest to sell and at the lowest for buy, usually with a gap up to 10 pips...