Interviewing a Trend Trader: Take Your Stops or Stop Trading!

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Charlie Burton, Trader and Educator interviews Peter Apolostolou. I have been trading since 2003 although I've always been fascinated by trading and investing. PLEASE LIKE AND SHARE so we can bring you more! At the time I read a Vince Stanzione manual and that got me started; I started leading loads of books, trying different things and stategies as well as trend trading and technicals. I made money and lost some money in the process. I thought that I had found the secret with trend trading and then got beaten up by the markets. My mistake was that I didn't always use stops sometimes. It is very painful seeing profits disappear and turning into losses. My current trading style is discretionary.

[ukspreadbetting]

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[harveylgordonusa]

One of the best down to earth real life discussions about what really happens to most traders.

[missionpupa]

Also one of the reasons you want to put stops before hand is so that it takes all the emotion away when the price starts moving.

[drsues-olpi]

this is where i am with my trading right now. I started a year ago with four grand and would just buy as many shares as possible and then stop loss at a swing... but when it triggered i would eat up so much money from the mistake. In december after holding a trade for to long and losing almost 400 bucks i pulled all my money from the market... and then raised some capital from ebay sales. I started again two months ago... and now i calculate my position size based on where im going to place my stop loss. Now I'm not flying in a private jet like Timothy Sykes... but I'm happy making 15-20% off of $200 dollars and keeping my W/L at close to 50/50. I love these videos. David Paul and Charlie have inspired me to focus on the mental game, and I know years down the road I will remember all these videos as the catalyst for my learning.

[MOUNTYize]

Stops and moving the stop is my lesson for today.

[fifapredictions]

Unbelievable, I use to work in a hotel in London and this chap was a regular Guest. Had to move his car from the main car park to the overflow car park back in 2002. Really nice chap... car was a Ford Scorpio if my memory serves me well.

[silentflight]

Appreciate this. He's being honest and that's what I value. Thanks.

[goodman]

You can also close position manually when it reverses. it’s better than stop order

[madhusudanb]

One of the best YouTube channels, for traders. Impressive good work👏👏👏

[jjsam]

What I have learned trading is that trading is not Boit winning or losing. It is all about knowing what to do once you win or lose a trade. You must have a strategy that takes into account lost trades so you can recover and get back your money. Well, that is what I do. Second thing i have learned is that take the money and run away once you are in profit do not be greedy because you will lose everything and more.

[jathanclark]

Great story of becoming a trader. So cool that after all the ups and down over 13 years you still love trading and are more profitable than ever!👏👏

[eddiexpharo]

This guy is so real. I've been there too

[trivestfinancetv]

Risk management will help you keep in the forex markets for the long term. Securing your profit with TPs and setting fair SLs to allow your trades to range. Be sure to take a signal / trade with the right lot size allocation so that you don't have large drawdowns..

[eddyvideostar]

Excellent, enlightening, entertaining and emphatic video. Well done. This is the classic arduous aspect of assiduously applying stops. One must always have the stops not only in mind -- *but programmed on the platform, * pondering trailing stops pursuant to the progress.

[parkla]

Use stops and you will always get taken out by your broker or institutionals. That is not the same as saying you should not have a pre-determined exit price. Always have an exit price when you enter a trade.

[davidwilliams]

Yep...some good lessons: ALWAYS use stops, take part-profits at confluence S and R levels, and trail the stop as the trade unfolds with a dynamic measure such as a 30 or 50 SMA. Good stuff...thanks.

[wuka]

good interview. guy's got a good head on his shoulders

[osytrognsy]

how do you guys deal with market makers and big institutions when you set stoploss?

[proych]

I just lost 8% of my portfolio due to lack of stoploss before I watched this video

[matthewmark]

American traders tell you to stay away from using stops. However, the British trades say the opposite. Is the American market more rigged and volatile?