Trading the main source of income

In this video, Alexander Gerchik, a professional trader with 25 years of experience, emphasizes the importance of relaxation, having a strong core, stress resistance, and education in trading. He stresses the need to understand trading fundamentals and to learn from both profitable and unprofitable deals. He discusses trading strategies, including effective strategies for false breakouts, and highlights the importance of analyzing the market before placing trades. He emphasizes the importance of following trading rules and discipline, keeping track of progress, and avoiding making superficial comments. The speaker encourages the audience to find good mentors or training programs and warns against judging individuals based on their nationality or religion.

Alexander Gerchik's Experience as a Professional Trader and the Importance of Relaxation and Learning
00:00:00 In this section, the speaker, Alexander Gerchik introduces himself and his experience as a professional trader for 25 years. He explains that relaxation is essential for a trader to take information, especially new and difficult ones in a relaxing manner. He asks his audience about how they relax and what actions must be taken for relaxation. He encourages them to take notes, take cold showers, and listen to music before a working day to help them relax. He also emphasizes the importance of being receptive to information and learning from it.
The Significance of Having a Strong Core for Success in Trading and Life

00:05:00 In this section, the speaker explores the qualities that are necessary to succeed in trading and other important aspects of life. He poses the question of what a person needs to have within themselves to be successful and asserts that the answer lies in having a strong "стержень," or core. He explains that this core is not just discipline or something similar, but rather it is the foundation on which a person's universe is built. Without it, success is unlikely, and those who lack it will have close to no chance of succeeding in trading or any other area of life. However, the speaker notes that it is possible to cultivate this core within oneself over time.
Developing Inner Strength and the Role of Education in Trading

00:10:00 In this section, the speaker emphasizes the importance of having a strong character and stress resistance in trading. He explains that having an inner strength or "stereg" is necessary to navigate the ups and downs of the market and to overcome challenges. The speaker also discusses the importance of education in trading, stressing the need to learn from trained professionals rather than relying on self-taught methods. He highlights the three key parameters of education - learning what to do correctly, learning what not to do, and learning how to overcome mistakes - and emphasizes that understanding these parameters is crucial for success in trading.
Understanding Trading Fundamentals and Correcting Mistakes

00:15:00 In this section, the speaker discusses the importance of having a solid understanding of trading fundamentals, and how to identify and correct mistakes. He notes that some people attend trading seminars and ask unintelligent questions, showing a lack of basic knowledge. He emphasizes that understanding trading basics is key to success, and recommends seeking out a year-long program that provides personalized guidance. He also answers other questions, such as whether it's possible to break up a course into smaller parts, and advises against making drastic decisions, like selling a car, in order to buy a trading course. Finally, he addresses the issue of overconfidence and suggests that people who claim to be "very smart" are often the opposite.
Analyzing Trading Deals and Learning from Profitable and Unprofitable Trades

00:20:00 In this section, the speaker discusses trading deals, both profitable and unprofitable, and highlights the importance of identifying good deals and learning from the bad ones. He presents a specific deal to the audience and asks them to identify its strengths and weaknesses. While some participants failed to detect critical issues, the speaker analyzes the chart and points out the reasons why it was a good deal, including support from technical indicators such as the bearish trend, the break-out strategy, and the stop-loss order. Finally, he mentions the importance of working with reliable intermediaries and setting top and self-stops to limit losses and maximize gains.
Importance of Analyzing Daily Levels and Understanding Trading Factors

00:25:00 In this section, the speaker discusses various trading deals with another individual, complimenting their skills and knowledge of the market. They emphasize the importance of analyzing daily levels and understanding the significant factors in the trading world before making any deals. Additionally, they mention the dangers of attempting to trade a false breakout and the necessity of understanding the strength of an instrument before proceeding with a deal. Overall, they stress the importance of research and careful analysis in successful trading.
Effective Strategy for False Breakouts and Stop Loss Placement

00:30:00 In this section, the speaker discusses a trading strategy that is effective for false breakouts. He uses an example of a chart and emphasizes the importance of recognizing significant levels and volatile market conditions in developing a stop loss strategy. The speaker stresses the importance of placing stop losses at the right levels, such as behind a false breakout tail, to ensure a profitable trade. He also suggests that less experienced traders can benefit from studying the strategies used by successful traders.
Analyzing Volume, Volatility, and Trading Scenarios

00:35:00 In this section, the speaker discusses different trading scenarios and highlights the importance of looking at the volume and volatility of an instrument before placing trades. They emphasize the need to place shorter stops if an instrument hits a level cleanly and to beware of instruments that have moved too much and too fast, as they may have high volatility. The speaker also points out the need to watch for the gradual decrease in volatility after a sharp increase, and they caution against trading on false breakouts.
Recognizing and Trading False Breakouts

00:40:00 In this section of the video, the speaker explains the concept of a false breakout and how it can be a good trading opportunity. They show an example of a trade that initially looked like it would result in a loss due to the market attempting to break lower, but instead began to be bought once it was apparent that a true breakout wasn't going to occur. The speaker emphasizes the importance of focusing on the instrument and recognizing favorable trade conditions, and also stresses the value in selecting strong levels to trade. Overall, the speaker showcases that trading success requires a deep understanding of how to recognize quality trades and when to act on them.
Discipline, Following Trading Rules, and Avoiding Superficial Comments

00:45:00 In this section of the video, the speaker discusses the importance of discipline and following trading rules, highlighting a successful short trade example with a stop loss of only 5 kopeks. He also addresses the question of whether a good or daily timeframe is better and emphasizes the significance of analyzing instruments' behaviors after a significant increase or decrease. Additionally, the speaker stresses the need for avoiding making superficial comments or underestimating potential earnings based on small increments. Finally, he notes that unexpected market moves often occur due to news events, which can result in a "paranormal bar."
Analyzing a Trading Session on a Short Time Frame

00:50:00 In this section, the host analyzes a trading session on the five-minute time frame. The trade was a fall in the market with a strong downward spike, and the main mistake was the entry point in relation to the level. The host emphasizes the importance of analyzing the short time frame for day trading and the need to carefully consider the volatility of the instrument. He also praises the importance of a tight stop and take profit, and the need to avoid entering a trade after a significant movement to prevent the start of a trend reversal.
Tracking Progress and Finding a Good Mentor or Training Program

00:55:00 In this section, the speaker emphasizes the importance of keeping track of the progress and behavior of trading instruments. He advises against paying attention to the flow of wardrobe deals and instead focusing on the behavior of the instrument near strong levels. The speaker also acknowledges the value in learning and recommends finding a good mentor or training program. Additionally, he reminds the audience that it's important to judge individuals based on their own actions rather than associating them with their nationality or religion.
Importance of Discipline, Learning, and Awareness of Scams in Trading

01:00:00 - 01:10:00

The presenter talks about the importance of discipline in trading and how traders can learn from Nazar, who relies solely on trading profits as a means of living. The presenter stresses the need to follow rules in trading, not to tamper with stop losses, and be aware of scams. Additionally, the speaker promotes his yearly trading program and highlights the importance of learning and discipline in trading. Lastly, the speaker gives advice to struggling traders and suggests revising trading strategies and books, reducing losses, and paying attention to entry and stop-loss points.

Advice for Struggling Traders: Revising Strategies, Reducing Losses, and Paying Attention to Entry and Stop-Loss Points

01:00:00 In this section, the presenter discusses the importance of discipline in trading and highlights a trader named Nazar who lives solely on his trading profits. The presenter shows some of Nazar's successful trades, emphasizing the importance of paying attention after a strong movement has occurred. Additionally, the presenter stresses the need to follow rules and not tamper with stop losses. The presenter also reminds viewers to be aware of scams and to keep personal information private.
The Importance of Discipline, Algorithmic Trading, and Neural Networks in Trading

01:05:00 In this section, the speaker discusses his experience with algorithmic trading and how it has not caused any major issues in his 17 years of trading. He believes that neural networks will eventually replace human traders, but emphasizes the importance of learning and discipline in trading. He also mentions that "smart money" and volume data may not be entirely accurate because of the prevalence of dark pools. The speaker then promotes his yearly trading program and encourages viewers to sign up.
Guidance for Overcoming Trading Challenges and Making Consistent Profits

01:10:00 In this section, the speaker gives advice to a listener who is struggling to make consistent profits from trading. He suggests revising the trading course and strategies, focusing on reducing losses, and reading trading books to identify and correct mistakes. He also recommends paying attention to entry and stop-loss points and not getting overly fixated on complex trading concepts such as Smart Money. Finally, the speaker promotes a trading program with a discount and a special gift.