This Unlikely Trading Strategy Beat My 2 Favorite Methods...

Summary

In this trading-focused video, the host shares his journey of testing different trading approaches over 9 years, including intuitive trading, intraday strategies, and algorithmic trading. He discusses the results of running three $100 live accounts on BlackB, each with a distinct trading style. Despite initial skepticism, the intuitive trading method surprisingly outperformed, showcasing an 86% win rate. The host emphasizes the importance of market knowledge and the freedom to make decisions based on high-probability trades. He concludes by encouraging viewers to consider an intuitive approach to trading, especially for those new or struggling, and offers a simple strategy from his private mentor for further exploration.

Takeaways

• 🔍 The video discusses a personal trading experiment involving three different trading approaches: intuitive, intraday, and algorithmic.
• 📈 The intuitive trading approach, which combines market knowledge with personal experience, surprisingly performed the best among the tested methods.
• 🤖 The algorithmic trading approach had technical issues, such as being on the wrong price chart, which affected its performance.
• 📉 The strategy-based trading had a disappointing performance, with the account experiencing significant drawdowns and only a few successful trades.
• 👤 The speaker attributes the success of the intuitive approach to the freedom it provides to make trading decisions based on a deep understanding of market behavior.
• 🎯 The importance of identifying trends and understanding market pullbacks is highlighted as a key component of successful trading.
• 📝 The speaker emphasizes the value of having a diverse set of strategies to enter and exit trades, which can be applied intuitively based on market conditions.
• 👍 High win rates were achieved in the intuitive trading account, with an overall win rate of 86%.
• 💡 The video suggests that even experienced traders can benefit from revisiting and applying the knowledge gained from mentors and past experiences.
• 🔗 A shout out to Nick Shaw is given for his influence on the speaker's approach to intuitive trading and his transparent trading style.
• 📌 The video concludes with a call to action for viewers to consider an intuitive trading approach and offers additional resources for those interested in learning more.

Q & A

What is the main topic of the video script?

The main topic of the video script is the speaker's exploration of different trading approaches, including intuitive trading, intraday trading, and algorithmic trading, and the results of a test he conducted to evaluate these methods.

How long ago did the speaker's trading journey begin?

The speaker's trading journey began 9 years ago.

Who is Raymond Bersett mentioned in the script?

Raymond Bersett is a person who was a Futures Trader back then and had a lot of experience in the trading space. He is mentioned as someone who had given the speaker an answer to trading issues early on.

What are the three types of trading accounts the speaker discusses in the video?

The three types of trading accounts discussed are: one using a strategy with strict rules, one for intraday trading, and one for an algorithmic trading approach.

What was the initial expectation for the strategy account?

The initial expectation for the strategy account was that it would be the winner outright because the speaker liked the strategy and believed it could give high returns with easy implementation.

What issues did the speaker encounter with the algorithmic trading approach?

The speaker encountered issues with the algorithmic trading approach such as the algorithm being on the wrong price chart and not taking as many trades as expected, which resulted in significant drawdowns.

What was the surprising outcome of the intuitive trading account?

The surprising outcome of the intuitive trading account was that it performed very well, despite the speaker's initial skepticism, with a high win rate and significant account growth.

What is the 'trading mentor's best tool ever' mentioned in the script?

The 'trading mentor's best tool ever' is humorously referred to as Adobe Photoshop, indicating that it's a joke and not an actual trading tool.

What is the speaker's recommendation for new or struggling traders?

The speaker recommends that new or struggling traders should consider taking an intuitive approach to trading, using their accumulated knowledge and experience to make trading decisions.

What is the importance of identifying trends in trading according to the script?

Identifying trends is important in trading as it provides a directional bias that can increase the probability of successful trades. The speaker suggests that traders should look for trends and trade with them to improve their chances of winning trades.

How does the speaker suggest determining when a trend might be over?

The speaker suggests using market experience to determine when a trend might be over. This could involve recognizing patterns or signals that indicate a potential trend reversal.

What is the speaker's final recommendation for traders looking to improve their trading?

The speaker's final recommendation is for traders to increase their market knowledge and understanding of price movements, and to consider using the intuitive trading approach as a potential way to improve their trading.