“Cut Losses Short, Add To Winners” - Wtf Does It Mean?

Trading is risky, and most people lose money.
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FTC/CFTC Risk Disclaimer - Please read this so you're 100% aware of the extreme risks associated with any type of trading and investing.
I’ve said for years and years and years - trading is extremely risky, and most people will lose all the money they try to trade with - even the people who follow the information I provide. Trading is a skillset that is difficult to learn, and I make it look easy because I’ve been trading for 7+ years. As with any high performing skillset in life, trading is NOT easy.
Your likelihood of consistently making money trading is abysmally low, whether you learn on your own or whether you follow the things that myself or others teach.
It’s like becoming a doctor, many people start pre-med and medical school, but only a tiny fraction of them succeed and actually become doctors. The average success rate of trading is even worse that that! Becoming a doctor is obviously not for everyone, and becoming a trader is obviously not for everyone, too.
I (and my company, MissionFX, LLC) make NO guarantees/promises/express direct or indirect representation that you’ll achieve any specific result trading, regardless of whether you’re following my free or paid content.
I’m just some random guy on the internet who is sharing what’s worked for me - I have no clue what will work for you because there are a million contributing factors that will determine whether or not you will make money trading.
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Read the full risk disclaimer on my website below, so that you’re 100% aware of the risks associated with trading - then you can make an informed decision as to whether or not you want to continue following any of the information I share (or continue to pursue trading in general).
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[@superkaboose1066]

As an aussie your aussie accent was actually really close lol, just a bit too much New Zealand in it haha, great stuff

[@michalszyszka8777]

18 months I have been trading patterns, strict strategies, smart money concepts and all of that magic things. I was even profitable on demo, everything changes when you trade real money, because you need to pay attention and analize so many thing before even entering a trade. And after that, when you opened position it is 50/50. Up or down. I was so tired and frustrated, trading was extremely exhausting for me. F*** that s***! Risc management, position management and the simpliest posible framework for entries. Thank you. It is working better with less stress, work and time.

[@Cross8ow]

SMC, ICT its all bullshit. Keep it simple as Nick says. I use Nick's approach + draw trendlines on M30/H1 leading to supp/resitance, works like a charm.

[@SPS_survivor]

Why did everything change for you on a live account vs a demo? Especially if you were profitable? The whole point of a demo account is to treat everything the same as a live account. The reason behind it is emotional, trading as you’re probably aware is somewhere between 80-90% psychology and because you are actually trading real money now. I’d be interested to know how you’re getting on with it.

[@ishaq9939]

@@SPS_survivor No one can trade the same on a demo compared to live

[@WayTooAnti]

This is my sort of guy. You get straight to the point, no sugar coating or beating around the bush. I can vouch for that. Keep it up brother! 🔥🔥🔥

[@DimensionRIFT]

Another excellent video. Thanks so much for the great content!

[@gbpjpy415]

Fire video bro. Appreciate the breakdown and real spill of how it should be. Appreciate your time man 🫡

[@purplecadence7390]

this man is doing us a monstrous service.

[@truereality84]

6 minutes in and already you are blowing my mind! This is some good real talk here!

[@richhands5269]

My three favorite channels: Nick Shawn, StockBrotha, & How Money Works. Make my week complete! 🔥 🔥 🔥

[@taumohlodi5875]

And TradeShape...

[@TheNameIsFreddy]

You literally put this on another video as well. Like stop acting Like a bot

[@adebayodamola4045]

​@@TheNameIsFreddyit's nice knowing someone else noticed this guy

[@caciocavalloster]

@@adebayodamola4045what do you mean?

[@Killedbe4ore]

I think this dude said this on lamboraul video too.NPC BEHAVIOR 😅

[@cliveclynick4667]

as the rankest of beginners I appreciate your candor and humour. you are the antithisis to the hundreds of indicators Im reading about. much appreceated!

[@blackranger900]

i have to admit, i love the attitude. thanks for sharing your approach to success.

[@giovannidicarlo9047]

glad that the algo make me know this guy, that is the truth of trading, hope you will keep going

[@tokictover]

Love the simplicity... makes it more understandable for us.

[@Mellow4202]

God damn you had me confused for a second. That accent was on point!

[@nelliemillan4627]

I always listen INTENTLY & enjoy ur videos & learn a lot .

[@natchapathik]

Nick you are lucid as heck. I'm watching all your videos and applying them. Makes so much sense. Thanks for putting all this stuff online. I love your message.

[@TheTrdrX88]

The goat is cooking here🔥🔥🔥

[@atouchofa.d.d.5852]

I love this dude

Thank you! God bless!

[@minutemartialarts3152]

Great stuff

[@losrobbosful]

With every video from Nick I watch, I keep adding videos. So far always winners...

[@joaquinarce473]

Best trading video about risk and position

[@Marcus-up5wk]

Englishman that has lived 20 years in Australia is what accent you nailed.. 😅

[@BrainBistro99]

Hey Nick, awesome videos. I just wanna ask you, the entries to winning trades are not always the same right? You wanna se retest of previous support/resistance and after you adding, is that right? Also what about trailing stop loss? Because the question is more likely about your time to check on the open trades, you doing it only through alerts? Because I cant imagine how you checking on all of open trades, like you have some routine when you check on it or? Last quesiton is about News, do you care about the news at all? Thanks a lot, I wanna join you close friends group.

[@martins8761]

ICON !

[@ronyorobio7096]

Nice!

[@warumonokurenai]

DUUUUUUDE hahaha when you started talking I was like "WAIT SINCE WHEN DOES HE HAVE AN ACCENT?!"

[@Shinemedia477]

I guess I’m crazy cause I’m tuned in definitely not leaving 🚀😈

[@blackgold4123]

Yo yo yo, thank you.

[@samlah2319]

LMFAO i was like tf? australian accent. love your sense of humour u introvert looll entp here =P

[@captainjohansson5019]

I’ll have to watch this video many times for my dumbass to really understand 😂 3rd or 4th time watching rn💪💯

[@MrBwetch]

Thanks for all the teachings 👏

[@OGZurie]

Thank you for everything, Nick

[@dereksmith8817]

another good vidio nick i notice that you show your forex trades in gbp but the stock trades are in $ ?. do you only trade fx in GBP. . i know it doesnt mean anything but you always talk in dollars but show results in pounds .suits me here in the uk just curious

[@gregthomas6637]

@Nick Shawn I saw a lot of vide where you clarify and adjust your support and resistance levels draws ! How do you draw the levels ? From the top wick to body where price opened ? or is there any advice to how to draw more precise levels ?

[@eugenedb8851]

Awesome stuff brother amazing video as always

[@syproductions456]

Liked the video immediately cause I know it's going to be good

[@Marcus-up5wk]

Nick.. To make it easier you could use a trailing stop to automate the break even?..You can manually turn it off and set it to break even when the second winner is hit?

[@kevinjohnson3521]

Nick, incredible video! Awesome…

[@kevinjohnson3521]

@Nick-S- how?

[@jinxypoes1]

hi nick, on min 15:57,is it not good to set a trade without stoploss and a hedge bystop in oppsite site direction then, regarding winning percentage?

[@nelsonma4711]

13:00 ahahah Nick is the real dude! :D

[@nicolaslaine8058]

Watched one video from you and went from 10k to 19.6k in a few hours when paper trading (Forex), biggest loss was $1k, biggest win was $3044 + $1000 back to back. Relying simply on probability and real-time modification of the risk to reward ratio is an extremely powerful strategy. Just gotta watch out for consolidation since it decreases predictability significantly. Edit: I just doubled another 2 accounts Edit 2: I doubled another 2 accounts, and quadrupled a $150 account in 3 trades while maintaining 25% risk. First I dropped to $112.5 from a loss, and then more than quintupled the account in 2 trades ($587.5)

[@betatester1643]

Which strategy did you use?

[@nicolaslaine8058]

@@betatester1643 I just manipulated the risk and reward by making more of the same order when the reward was getting closer. And I took losses as short as possible when confirmation was made. Trying out hedging right now. If you're trading in a trend and using maybe 3% of the account, it's extremely profitable, but quite risky if you get greedy. Pay a little too much or get into a complex network of trades, and it can easily build up into a massive loss

[@mateiflorea4621]

hows it going now?

[@nicolaslaine8058]

@@mateiflorea4621 Going good, adding more strength to the strategy by using Orderflow tools and understanding institutional trading. The strategy I talked about before works well, but it's often dependent on trends. If it's not trending long-term, it can reverse suddenly due to bank manipulation, giving you a false signal and trapping you like the rest of the retail traders. Best thing is to use Orderflow to reach a higher success-rate, cutting losses extremely short, and then adding more orders as a winning trade is happening. Change your lot size with each order depending on safe placements for the new stop-loss while maintaining the initial risk.

[@skybiz4520]

What happens with the "Hedging" concept? I see you are using "SL" now instead? Anyway, while Video is Cool, you got huge SL + TP, And Lately I don't see no moves in the Market, like how long are you sitting in that position if you are aiming for 70-80 pips? It might take months.. IMHO.. For an example on demo I placed few Buys on NZDUSD and it's drop like 80-100 peeps below and It's been that way since like JULY and that trade still Below where I bought it.. And it is 3 months later NOTHING is going on.. With trades like this it could take years to make Any $.. Many times FX doing nothing where all these UT. gurus takes Millions from??? ;) We'll see..

[@ezeokafornwachukwu7763]

You're worth following❤

[@jaysonrusss]

Shit is fire everytime. No teacher teaches like this, because they are stupid and he is smart as fuck...

[@YONAYIELD]

Bro xD that accent in the beginning xD I love it

[@ubuson3304]

Ding ding ding!!! When crazy makes sense? Go all in! Haha

[@coreyburns7744]

Another Great Video Simplified ❗️👌

[@jjfattz]

Have you tried the WD Gann Wagu beef strategy?

[@losfargo]

hey shawn quick question,what happen to hedging u dont do it no more?

[@ctranderson]

what platform do you use?

[@only1life88]

What kind of camera do you use for your youtube videos? Im interested in trying to replicate you.

[@noodlepvpsoup9668]

What’s the lowest timeframe we could use this strategy on?

[@Algoo-X]

Are you not hedging anymore? Changed strategy?

[@inflightfpv7401]

Lmfao I watched one of your videos then watched this one and thought I clicked the wrong link with that Australian accent 😂😂

[@nikolajovanoski9163]

One of the few guys that are real

[@eelektr]

Thanks Nick for clearing it up once again. Totally makes sense. Btw got it right with the CADJPY opportunity on Friday, though still on demo account. With a 63% win rate so far on demo, maybe time to go real now. Cheers buddy

[@NickShawnFX]

63% is better than me

[@TheNameIsFreddy]

​@@NickShawnFXyou're funny as f*ck

[@eelektr]

@@NickShawnFX ☺ Just followed your explanations and kept drawing cute little zones to the charts. Hope I can keep cool when trading w/ real money

[@NiqosStudio]

WATCH YA STUFF ALLDAY . TRYNA MAKE ENOUGH TO JOIN THE GROUP 💙💙

[@annehalkyard]

Nick at 25:05 you say “you can close it here, halfway to the stop loss” - how do you decide where to leave your stop loss? Is there a set amount you use?

[@jayjayoniyama537]

Above/below the previous structure point - I could suggest you use the ATR for whatever timeframe you’re trading on to dictate how far above/below the previous structure point your initial stop loss would be

[@DKFBJ]

Dear Nick, Thank you for your honesty and non-ambigious way of presenting your trading concepts. It is truly appreciated! Perhaps this is a basic and stupid question; I find that it is not possible to manage the trades/open positions seperately. I can open positions in opposite direction, but as i enter a new trade in the same direction, as i already have an existing position, they add together. In that way the short and long positions gets added together into essentially 2 positions. How are you managing that for instance the first entered position closes at breakeven? Do you keep track of the entered position sizes and leave the order drawings on chart? I am trading Binance Futures (Using hedge mode), perhaps this is a limitation of Binance Futures? I hope this does make sense. Thanks in advance and have a great weekend!

[@christiantune]

you use limit orders with different sizes for sl and maybe the same tp or different stop orders for tp

[@DKFBJ]

@@christiantune Thank you for answering, I figured this would be the approach for handling this. I just really like the simplicity of being able to easily "manage" each trade as individual positions. I guess this will become second nature after practicing a lot, the approach you describe, and the handling of different trades as separate positions is a luxury that will not be possible, and might be redundant after practicing a lot.

[@TenengKhan-hv9zd]

How are you doing Please sir I wish to ask a question that has been a worry to me is trading gambling or not

[@TenengKhan-hv9zd]

He'll sir

[@tasneembasha7541]

Lol the accent was hilarious I was confused at first 😂

[@jonathanlee5185]

👍Thanks. Yep, all theory is fine but half the time the trade goes against me. Also, your free channel is unbelievably generous. Cheers!. 👍

[@BlazedAFGaming]

Would that not be the 50% win rate he speaks of it can only do two things? Up and down, if you said nearly all my trades go against me you’d conclude that either your entry is bad or your reading the market sentiment wrong etc. As long as you follow a simple strategy and analyse the data what is working what is not, why did my losing trades not work out? Was it bad entry or reading the price action wrong. Did I need a wider stop loss, did I need to be more patient for the market to move etc. The only formula that can work is the one you refine and can repeat over time to be profitable.

[@NiqosStudio]

Get more confluence on ur side …

[@jonathanlee5185]

@@NiqosStudio Thanks, yes, agreed

[@srf2112]

I really like this simple risk management strategy but one thing your viewers need to know is that they will not be able to trade like this with a regulated broker with their FIFO and hedging rules in place. You need an unregulated broker that allows you to open multiple positions/stops on the same pair. Just my 2 cents. Thanks for another informative video sir.

[@angellarroca143]

Hey Nick, lately I see in your videos that you are using stop losses again, the effectiveness of which you have always put below the hedge, so what happened to the hedge? Do you no longer consider it useful? Have you definitely changed your means of risk control?

[@lars5727]

Yeah wondering the same why he switched..

[@RedWaver]

He talked about this in one of his previous videos. The only drawback of hedging he found is the odd scenarios of where one could get into a situation where you have a huge drawdown from being wrong about the direction of the price several times in a row.

[@lars5727]

@@RedWaver Thank you

[@Keepone974]

​@@RedWaver You can mitigate the risk by closing everything if you accumulate losses equal to 1:1 RR. It doesn't happen very often for me.

[@RedWaver]

@@Keepone974 I might try that again for fun with a little capital lol

[@Torotero]

damn genius

[@MartinBuzora]

Thanks for you videos Nick. What do you mean by "protect the first stop at break even"? I'm just starting out, it's difficult to make sense of the lingo. Appreciate you

[@NiqosStudio]

If u trade wit $100 and risk $100 …. Wen u place a 2nd trade make sure u move ur stop loss to ur entry point so u not risking twice . Bc if u place a 2nd trade u dnt wanna risk $100 and $100 …

[@elwoodpalmer7622]

What happens to hedging your positions ? we're back to stop loss now ?

[@alexeydegterev2390]

Austin Texas?

[@gpalaces]

Took Me 3 Years To Conclude To This. My Framework Is Somewhat Similiar To Yours. (Just Started Watching Your Videos Coincidentally) This Past Year Has Transitioned From Break Even At Best To Profitability. I Would Say To Anyone Just Starting Get In Touch With Original, Profitable Traders. Stay Away From Overindulging In YT Trading Content. It's Not Bad To Be Aware Of Methodologies / Indicators / Terminology, But You Can & Will Be Spun Out Getting Too Deep. Gann Trading For Example.

[@tsiiiiii6356]

Nick is gonna say wagyu beef in all of his videos 😎

[@jaalecumar810]

3:50 🤣🤣🤣🤣🤣

[@MikeM3]

Keep practicing that accent, it’s getting better 😂

[@OfoeNelson]

AI software for the accent?

[@tazp1008]

hey nick , what broker do you use

[@richardcrown9764]

Te-Iegr-am

[@richardcrown9764]

KATHIMORGAN2 IS THE USERNAME

[@philippecolin151]

One thing that I do not understand is how do you seperate each trade? if I am short and if I open a new sell order, it simply compounds the 2 together therefore when you say "I bring my first short stop loss to breakeven" it is not possible to do since the 2 shorts are now combined into 1 ,,, Do I miss something?

[@jayjayoniyama537]

Why is this the case? You don’t use MetaTrader for your positions?

[@brokeforever]

Easy innit

[@maxwelltroy2375]

The philosophy of the rich and the poor is this: "the rich invest their money and spend what is left. The poor spend their money and invest what is left". Investing in today is priceless because tomorrow is not promised, trading Bitcoins, gold, silver and crypto secure a better tomorrow.

[@albertbrian6448]

Interesting, most people don't understand the market moves and tend to be mislead in facts like this and always depend on Money in the Bank very bad idea.

[@christinajurado9180]

I understand the fact that tomorrow isn't promised to anyone, but investing today is a hard thing to do because I have no idea of how and where to invest in?

[@albertbrian6448]

@@christinajurado9180 as a newbie investing in trading market will be best for you, I know of a portfolio/investment manager, Mrs ‘’Camille Anne Hector,’’ an expert in trade investment as you don't have to under go any stress in the trades, she manages my trading.

[@mariasimpson9628]

I'm happy to see Camille Anne mentioned here, My spouse recommended her to me after investing she has really helped us financially during the COVID-19 lockdown here in Australia.

[@christinajurado9180]

@@albertbrian6448 Please do you mind sharing any means of reaching out to her easily? I'm really interested I believe this is genuine.

[@king18_mex2]

What leverage do you use to compound your account bro?

[@BrandonDrives]

1:500

[@syproductions456]

He typically uses the max leverage available on the account. 1:500 is common on unregulated brokers

[@king18_mex2]

Preciate yall💯

[@syproductions456]

Nick I notice you are usually on the hourly chart now. Do you still start on the daily and then drill down to 1 hour or do you just check 1 hour and then zoom out to daily to make sure you're not hitting a daily zone?

[@NiqosStudio]

Day chart first … 4hr next …. 1 hr last ….

[@NiqosStudio]

“ D41 “

[@RoliChauhanOfficial]

@@NiqosStudioso you enter the trade on the 1 hr chart?

[@NiqosStudio]

@@RoliChauhanOfficial ONCE I SEE 1 HR CLOSE AT MY SUPPLY OR DEMAND ZONE ON A MAJOR SUPPORT OR RESISTANCE LIKE DAY OR 4HR THEN ITS MOST LIKEY A GOOD TRADE AND RISK CAN BE IDEAL ... IF U WANNA GET IN ON ANY THING LOWER TIME FRAME IT GETS VERY NOISEY BUT U WILL ALWAYS GET BETTER RISK TO REWARD .. 1HR U MITE RISK LETS SAY 50% VS IF U ZOOM IN MOREEEEE TO 5 MIN U MITE RISK 25% ... OVERALL IF THE ANALYSIS IS RIGHT AND U CLOSE ENOUGH U SHOULD BE GOOD.

[@user-ii3cp7ot3s]

0:10😂😂😂😂

[@benjaminlombaert1998]

you dont hedge anymore?

[@wyattgouldthorpe1880]

Why do you always structure your trades at 1:1? It seems like it might be optimal to raise the reward/risk by putting targets at areas of structure.

[@esteban5361]

all depends on the context buddy get out of that ridged mind of yours

[@jayjayoniyama537]

Still very confused on the aspect of cutting losses short How do we make this determination that price is most likely not going to go our way? Wouldn’t it just be easier on the brain to set and forget the stop loss I.e in the case that it’s going towards a loss

[@dee23gaming]

You are clearly not understanding the math behind minimising loss and maximising gains. How do you feel letting an obvious loser run even further to your stop? You feel like shit, right? You tell yourself that you should have cut the loss while it was early. Listen to that part of your brain. Take the early small loss, and look for a trade which will work out. Price should normally bounce. Wait for that good trade to happen. Don't hope and pray for the market to turn from your stop loss. You will inevitably get stopped out and have losing streaks. Your account will never bounce back from taking full losses like that in a row. Now you will have to have an EVEN bigger winning streak to make up for those losses. You see the math? Be careful what you tell yourself. Trading is a numbers game. If you don't understand the math from the start, then you are doomed to fail as a trader.

[@jayjayoniyama537]

@@dee23gamingafter 3 months, I now see the light sire.

[@KabooM1067]

I love your australian accent please keep doing it haha

[@sino7282]

got a new fan from Germany 🇩🇪

[@dragonballz3458]

I wanted this

[@salah2x]

thanks bald guy who talks about trading

[@williamstuff]

so what your saying is that basically it all that boils down to is risk managment.. it's better to trade based on perception than any Technical Anaysis ever? because markets never trend in a logical way, structure is random. youtubers and everybody talks about structure but the only structure i see is completely randomness in every timeframe.. If it was based on structure is to easy don't you think? Mark douglas said it only takes on trader in the world to negate your possible outcome.. so why care if market makers make the markets based on their perception of things? what do you think of this shawn?

[@williamstuff]

i see drawing zones pointless because soon as you expect something from the market the market does the exact opposite

[@williamstuff]

So predicting lower los and high is a better way based on perception what you think of this? and base the stops also on this

[@NiqosStudio]

USE DAY AND 4 HR TIME FRAME .. LESS NOISE

[@williamstuff]

​@@NiqosStudiosame thing.. top down analysis is worthless.. confluences too.. and if they exist they are manipulated all the time..

[@agentofenhanced2428]

You are right and wrong, if you are trading anything lower than 4hr your charts will be complete mess. Go on the 4hr and zoom out price always moves in zig zags, up down up down. Very rarely does it go sideways. Go in the 1 hour and its chaos, price will go down then spike up then go down again then go down and pump and change structure then pump and dump again. Goodluck trading that shit

[@aaron_aplin]

Do you have any trading videos for ABSOLUTE beginners? I have no idea whats going on in this video because I dont even know what some of these words mean that youre using.

[@SadraShameli]

Nick whats your opinion on Mamba FX's 5m breakout strategy?

[@xXArmyMenXx]

The only thing I dont understand is if there is absolutely no perdictable power in technical analysis, then how can you say that something os more or less likely to occur, it is really random?

[@jayjayoniyama537]

The reality is there is a slight advantage in using price action But if we work under the probability that price is random and we focus just as much or more on our risk structure, then we can profit even with a breakeven win rate.

[@Greg-bp9kz]

Is this strategy better than the Hedging strategy?

[@NiqosStudio]

HEDGING TAKES TO MUCH ENERGY AND ENDS UP IN MORE LOSSES IN THE END ...U COULD HAVE BEEN IN A NEW TRADE MAKING A BETTER MOVE I THINK ?

[@AE-yh7hu]

I was thinking the same thing, what happened to all that hedging he was so fond of?

[@AE-yh7hu]

​ Thanks, I was wondering when this evolution happened, is there a video where he announces this?

[@NiqosStudio]

@@AE-yh7hu with 24 hrs

[@Greg-bp9kz]

​@@AE-yh7huIn the video "my entire Trading Approach" he starts changing the strategy and tells us why Hedging wasn't that good sometimes.

[@rachaelrb]

This is so much better than the hedging. ❤

[@dend1961]

why when it goes up hes losing money and when it goes down hes making profit? isnt suppose to be the opposite ? when it goes up its supposed to be profit and when it goes down its supposed to lose money i dont understand can someone explain me why its the opposite of what im use to see? i dont understand ???

[@crazyaca]

You need to learn a lot more before you watch videos like this. And don't expect to be educated in KZbin comment section. Good luck 🍻

[@thecryptonoob9820]

Sounded British lol

[@szkfury7041]

So you are not use hedging anymore?

[@BrandonDrives]

No

[@NiqosStudio]

Na he relize its easier to use stops

[@a.sobral9408]

I have one question: Do you Take profit of the first trade on the 1:1, while the 2nd one is still on going for the 2nd Tp, or do you close both at 2nd TP?

[@rachaelrb]

I think that he said use the original target for all of the trades.

[@NiqosStudio]

Facts . Let them go to finish line

[@rachaelrb]

​@threelittlebirds274 9:30 close both trades at the original target. Yes, it does make it a slightly inverse risk to reward. I think his point is that as you move into profit the probability of your first trade losing decreases. The first trade becomes a free trade and you risk what you originally intended to on the additional one. It's all a play on probabilities. It could create a grind though for trades that easily knock out that break even stop. Then you are stuck with the one position at a worse entry. I would only do this on your A+ set-ups. Bs or Cs not sure if it's worth giving up the profit that you already have. He also says only to add early, never after half way to the profit point or else the r:r gets too skewed.

[@rachaelrb]

​@@threelittlebirds274 Yes, exactly. It's just instinct, pounce when you feel force building behind the trade. I caught the ES dump EOD yesterday, adding 4 positions on the way down because you could tell it wasn't stopping. I'm new to adding too and I've been trading for 10 years😅.

[@a.sobral9408]

@@threelittlebirds274 In the end, if you start 1:1 ratio, and if the price goes against you and you close early, it is basically trading a 1:2 or 1:3 risk/reward.

[@iz3bad]

Hi Nick .. do you avoid currencies that have news coming in or whats your approach on that 👀!

[@NiqosStudio]

IM NOT NICK BUT I THINK ITS GREAT TO TRADE NEWS ... I HAVE FEW TIME AND SIMPLY HAVE A GOOD STOPLOSS AND HAVE TAKE PROFIT ALREADY SET FOR LIKE 100% FOR EXAMPLE.. BC WHEN MARKET OPEN I HAVE WON FEW TIMES IN A SPLIT SEC .... SOME TIME IT WILL HIT UR STOP BUT ITS ONVE MY FAV WAYS TO GET A GOOD BONUS LOL

[@mostafaelbaz4327]

Hey bald guy, why not to talk about the old momentum strategy 😢. Btw great accent

[@newstodayyt1]

What if you like me and lose 10 trades in a row