95% of Traders Losing Is BETTER Than You Think!!

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The Duomo Initiative

The Duomo Initiative

Күн бұрын

Пікірлер: 248
@bulltraderpt
@bulltraderpt 5 жыл бұрын
I am profitable, no courses, just thousands of hours of books, screen time and introspection, oh and many, many mistakes.
@Longlostpuss
@Longlostpuss 5 жыл бұрын
What was the biggest mistake you ever made and how much did it cost you?
@bulltraderpt
@bulltraderpt 5 жыл бұрын
@@Longlostpuss 4 figures several times.
@Longlostpuss
@Longlostpuss 5 жыл бұрын
@@bulltraderpt Damn, you must have been pissed. I had money OCD and didn't realise how much until I actually started trading. You seriously have to conquer that mindset and get used to taking L's because it can really test you.
@bulltraderpt
@bulltraderpt 5 жыл бұрын
@@Longlostpuss Disappointed, but you just have to accept it, no use blaming others. Fortunately the introspection is much better now, but always difficult to completely rid yourself from errors. Just ensure when you make them you learn and that those errors are contained enough tat you never let them take you out of the game so to speak. We never stop learning in this game, possibly why it is always so interesting. Cheers
@Longlostpuss
@Longlostpuss 5 жыл бұрын
@@bulltraderpt the biggest error is missing out on huge rallies, that gets me more pissed than a trade going the wrong way.
@Ashby247
@Ashby247 5 жыл бұрын
"Failures are not a reflection of you, it's just part of your system" and "Everyone loses". You give such great advice mate!
@Duomoinitiative
@Duomoinitiative 5 жыл бұрын
Cheers Lachlan! - Nicholas
@ΔΙΔΙΔ
@ΔΙΔΙΔ 5 жыл бұрын
The most difficult part is to accept the loss...i taught myself that everytime i put on a trade.. i will accept whatever the outcome will be..i won’t panic..
@Duomoinitiative
@Duomoinitiative 5 жыл бұрын
There are so many things with trading that are counter-intuitive and seem to go against our instincts. That's part of what makes it so tricky. If you can emotionally detach yourself (as much as possible) from the individual trade outcomes, you gain such a big advantage. - Nicholas
@claudiaaquino7238
@claudiaaquino7238 5 жыл бұрын
2 years of ups and downs I’m finally getting it! Also I never give up!
@coolag123
@coolag123 5 жыл бұрын
Hi...
@coolag123
@coolag123 5 жыл бұрын
R u a consistent profitable trader now?
@claudiaaquino7238
@claudiaaquino7238 5 жыл бұрын
Advantage (Universe of Wealth) I still have some losers, but my winners are outweighing my losers! It’s a slow grind uphills....
@coolag123
@coolag123 5 жыл бұрын
That's nice... Loosing is a part of the trading plan but like u said winners should outweigh losers... Thanks for your reply and do well in trading as only one passionate trader can understand how important trading is...
@LargeBanana
@LargeBanana 5 жыл бұрын
@@claudiaaquino7238 would love to know what strategy do you use and how you manage your risk. that slow grind is what everyone wants, because as long as we are profitable, we can easily scale up.
@AB-qv9ku
@AB-qv9ku 5 жыл бұрын
I'm 2 years in... I've literally been in TEARS at the end of trading weeks before out of frustration. Then as soon as market opens back up im fresh and looking to jump in when it's appropriate! I'm finally staying in the blue overall.(Forex). Thank God. Confidence/Discipline/Meditation are key!!!! You also must overcome yourself and everything you've ever thought to be true about yourself.
@fxpd7062
@fxpd7062 5 жыл бұрын
A B You are a 2 year toddler in forex You will be a mature trader after 21 years of trading
@gauravrawat8959
@gauravrawat8959 5 жыл бұрын
I think it has to be 98%. I had lost my account 10 times in last 5 years but still I am going on. Slowly and gradually I am turning profitable now :)
@Duomoinitiative
@Duomoinitiative 5 жыл бұрын
It's a bitter pill to swallow, but sometimes losing it all is exactly what's needed for you to start respecting risk and managing it appropriately! - Nicholas
@jcwyu
@jcwyu 5 жыл бұрын
Try A.I.
@gauravrawat8959
@gauravrawat8959 5 жыл бұрын
@@TheLateAdopter Yes I had stopped listening to others. long time back...its our own money and only we can manage it.
@macabrew
@macabrew 5 жыл бұрын
Right there with you, probably blown up over 10 times in about 4 years. Came a looong way
@Caustiverse
@Caustiverse 3 жыл бұрын
I am writing this comment as a message to my future self that I know I can do this and that my practice will pay off. Though I may have hit some hurdles and lost some money, I would have been worse off had I never lost it. I have already practiced and tested and lost and won and learned, and after rebuilding everything from the ground up, now all I need is the patience to follow through with my goal and plan. To future me, I wish you success and prosperity. Great video man :)
@yorassleap
@yorassleap 2 жыл бұрын
i feel like most people have doubts cause it seems all educational channels eventually attempt to sell you something making creditable assumptions of success through guidance seem to vanish
@roberto-iq8wv
@roberto-iq8wv 5 жыл бұрын
One of the best videos on youtube. I think losing % is not so bad if you take the gamblers and people who are not taken this extremely seriously about becoming a disiplened consistent succesful traders. Succesful trader = 20% technical 80% emotional. Must master and constantly improve life time = money management, risk/ reward, disipline, emotions and being patient. Thank you for the video.
@trailokyataye5501
@trailokyataye5501 5 жыл бұрын
I made a return of 26 percent in two weeks..... By risking just 1 percent daily. Just take one trade per day. Keep your stoploss at 0.20 and target 2 points.
@qu1sk
@qu1sk 5 жыл бұрын
NICE
@Thedabman
@Thedabman 5 жыл бұрын
Oh no......
@Thadeka.
@Thadeka. 5 жыл бұрын
nice i kinda have same way.I take 2 trades a day.I risk 7 ticks.My profits are between 16 / 28 Ticks.So even if i lose more then win i stil make profit or breakeven worst case.ANd keep doing it over and over.
@JuanLopez-nr6qu
@JuanLopez-nr6qu 5 жыл бұрын
Your comment doesnt make sense if your not saying with what you are trading with. Also thats a 1 to 10 risk to rewards ratio you got their genius...
@coolag123
@coolag123 5 жыл бұрын
So 26 percent return by investing how much and trading in which asset class? 1 to 10 risk reward is not for short term
@kenfromphilly752
@kenfromphilly752 4 жыл бұрын
Part of the success is finding a market you are good at, some traders specialize in certain equities, others in futures, etc and money management is key and hardest to do (discipline)
@user-ww6ii6zn8m
@user-ww6ii6zn8m 5 жыл бұрын
Great video Nicholas, I totally agree, the Law of Attraction is very real! You can't succeed in anything unless you've already accomplished it in your mind. Keep the awesome content coming!
@Duomoinitiative
@Duomoinitiative 5 жыл бұрын
Thanks Sam! Appreciate the comment 🙌 - Nicholas
@7Crymeariver7
@7Crymeariver7 5 жыл бұрын
I have been playing League of Legends for about 8 years and i have reached the top of the ladder (0.001%). Now if someone said that only 1 out of 10000 people make it to Challenger(top level of the ladder) everyone would think it is impossible and people get there only by luck. Nobody would ever sit down and see what does it take to get there they will play the game and try to climb the ranks but once they hit a wall it is always someone else's fault and they will fail to see what works and what doesnt. Day trading is exactly the same thing you have no barrier to entry and then it is all up to you to make a living from it hence it is only logical to see people getting frustrated and quitting on the first wall because others cant make it and it is their money on the line.
@AdmirableShift
@AdmirableShift 5 жыл бұрын
are you professional LOL player?
@LivingTrancefully
@LivingTrancefully 5 жыл бұрын
Funny enough, I've been day trading LIVE for 8 years next week... and have 23,500 hours /played (no AFK time)
@LivingTrancefully
@LivingTrancefully 5 жыл бұрын
Congrats on your accomplishment by the way. Entered any tournaments?
@MoeKFX
@MoeKFX 5 жыл бұрын
Day trading isn't league of legends btw! Trading is not a game, its a profession :)
@LivingTrancefully
@LivingTrancefully 5 жыл бұрын
@@MoeKFX -- they don't treat gaming like a game, they treat it like a profession. the point they were making is that if they put that much effort into a game and because the top in the world, they can also learn trading and become top trader
@dealstobid
@dealstobid 5 жыл бұрын
So here is the number one rule: learn from your mistake and stop doing the same mistake over and over again.
@everdarksoul
@everdarksoul 3 жыл бұрын
2yrs later, I have gotten more perspective from this guy, than anything else! Glad I stumbled across his YT channel, having an open mind with many perspectives. Helps sort out the useful ones than sticking to "I will find my way and neglect the right path". Kudos man!
@dwaramsri
@dwaramsri 3 жыл бұрын
U have got more perspective from him because of ur 2 years of experience.New traders can hardly understand what he is saying
@DevotedDayTrader
@DevotedDayTrader 5 жыл бұрын
Agreed. We’ve to put in the work, learn from our mistakes, and know that it’s a game of probability. Taking only four trades/day and keeping my risk equal on all trades has been working for me!
@TheJustinHit
@TheJustinHit 5 жыл бұрын
Just how 90%+ of businesses fail.
@michaelgmyhan6277
@michaelgmyhan6277 5 жыл бұрын
I think the best gift that a person could ever give to another is the gift of self confidence and self belief because when we truly want the best for others and can be Happy for their success. This is truly a powerful message to believe and to learn and grow. Inspired. Nicholas you my friend are blessed.
@Duomoinitiative
@Duomoinitiative 5 жыл бұрын
Thank you Michael, great comment and I agree! - Nicholas
@ianrandall6939
@ianrandall6939 3 жыл бұрын
My goal is to be a sportstrader, although not financial markets, I'm finding your videos extremely beneficial. Great advice and insights into the mentality needed to succeed.
@abil3362
@abil3362 5 жыл бұрын
You dont understand how much this has helped me. When I saw that study it made me doubt myself, but i hot over the hurdle and and I'm back with 6 green days. Its stuff like the study that makes the 95% quit. Thanks again boss
@vladcostevlog
@vladcostevlog 5 жыл бұрын
I make consistent profit for more 7 years ( in September 7 years ago I started) Non of the people that tried forex in this time become profitable but non of them wanted to trade like me. Everyone wants to double their money week after week and make fun of me because I make between 70-90% gain/year. Is easy to make 500% gain in one week but will you do that for years?
@aa1944-k2r
@aa1944-k2r 4 жыл бұрын
90% gain a year for 7 years? really?
@shahnawazhussain1483
@shahnawazhussain1483 4 жыл бұрын
in trading all you need is a system or strategy that works 50-70% of the time with good RR ratio... that's it...
@mguatus81
@mguatus81 5 жыл бұрын
Awesome video. I've known forex for 10 years...I come in, trade, dream on an awesome years to have enough money to dedicate only to forex, blow the account, think it's not possible, keep working on regular job, put it off for 3,4 months, come back in, repeat and repeat!!! 10 years.......this year I realized I need to put consistent effort if I want to succeed. I have done a lot of education, strategy test and slowly but steady I am becoming profitable...so the secret in forex is consistency, learn from mistakes, keep pushing. Basically the same secret ingredients for accomplishing anything in life!!
@veliem3935
@veliem3935 4 жыл бұрын
3:13 is my problem, after so many losses I lost my confidence and I just continued because I was already two and a half years in not because I believe I can
@lautiquacka8463
@lautiquacka8463 5 жыл бұрын
I think every trader should watch this video. Great content as always Nick!
@Duomoinitiative
@Duomoinitiative 5 жыл бұрын
Thanks Lautaro! I appreciate the comment. - Nicholas
@sureyyabedir7063
@sureyyabedir7063 5 жыл бұрын
How have I never seen this man speak before? Been watching hours upon hours of learning to trade forex and he’s never popped up until now!
@AimsyCost
@AimsyCost 3 жыл бұрын
One of the best channels on KZbin. Love this channel.
@vovanminh999
@vovanminh999 Жыл бұрын
This is the advice everyone should listen to, listen to a pro who's stay in this business for a long time.
@tt2166
@tt2166 4 жыл бұрын
Great video and motivation. Well analysed and inspiring.
@Victor-zb9qn
@Victor-zb9qn 5 жыл бұрын
Mastery over money! we will make it brother and sister!
@Duomoinitiative
@Duomoinitiative 5 жыл бұрын
Yes!! - Nicholas
@Tr1Hard777
@Tr1Hard777 3 жыл бұрын
The most annoying thing I've ever been told is "the stock market is gambling". Is starting a business not gambling? Is going to school for a certain degree in hopes to get a job in that field not a gamble? Driving is a gamble, life is a gamble and it's entirely about risk management.
@MrKiNgTV-vn2bu
@MrKiNgTV-vn2bu 5 ай бұрын
How is your gambling going?
@saks2760
@saks2760 2 жыл бұрын
I just found this video and this is one of my aha! moments. I thought it would be extremely hard to be a profitable trader. I've been trading for around 2 years and I'm still pursuing this carrier. This is the job I would love to do for my life. Your explanation motivates me to keep pursuing my dream job. Thank you so much. I watch your videos everyday. With Loves from Myanmar.
@davidoconnor8224
@davidoconnor8224 4 жыл бұрын
Great video! Thanks a lot!
@KTHOMAS78
@KTHOMAS78 3 жыл бұрын
Timing and Preparation is everything!
@cyrusshowkaran7008
@cyrusshowkaran7008 4 жыл бұрын
Nicholas, I was about to quit, but you made me to think again, thank you, thank you
@markrichardson5966
@markrichardson5966 2 жыл бұрын
You can only count an outcome as a failure if you allow it to stop your progress. If you keep striving towards your goals you soon realise that what you saw as failures in the past were just lessons that helped build your pathway to success.
@Boosty_Boost
@Boosty_Boost 4 жыл бұрын
@7:42 i swear to god you're golden man .. thx for these videos. Every time i look at you i want to successfully trade so bad, you inspire so well. - also, i loved the old videos! they're so essential for me!
@confluenceinfinance8881
@confluenceinfinance8881 3 жыл бұрын
The stuff that actually stands out to become profitable is screen time, experience and discipline. That’s all. Figuring out a profitable method is only 10% of the real work.
@StewartHarding
@StewartHarding 5 жыл бұрын
Is the glass 95% empty or 5% full? Some very interesting food for thought. Especially as I watched a trade which has been losing me more and more money for around 16 hours suddenly turn around almost hit my take profit in the time it's taken me to watch this video. I'm learning that patience is everything in trading!
@TwiztedHumor
@TwiztedHumor Жыл бұрын
Great video, i thought the same thing myself the other day! Very similar analysis.
@samills70
@samills70 5 жыл бұрын
enjoying these videos and a big fan of your work Nicholas. Heard 2 axioms which i think ring so true and pertain to starters. "What is not measured, cannot be improved" ie not writing down and examining your trades is absolutely critical to improving. And the second one "know how to use the machine and you have a job, know how the machine works and you will soon be the boss" :)
@cryptomiracle2700
@cryptomiracle2700 5 жыл бұрын
how do you set a stop loss (any reccomendations?)
@johnthompson2817
@johnthompson2817 5 жыл бұрын
Excellent Turthful Video...2 to 3% for Full Success in ANYTHING.... Makes Me Gald I Did put in the time and am in the small minority of successful traders... but it was much rougher than I ever imagined....
@jadatoady
@jadatoady 5 жыл бұрын
It certainly was tougher than I imagined. There were times it felt like my head would burst. What kept me going was an early mentor, a trader of over 19 years, now a hedge fund manager, who kept telling me he 'made money, lost money' for two solid years. He smashes the markets now and remains a humble and helpful friend
@christiandavis7924
@christiandavis7924 5 жыл бұрын
Really good advice!
@Duomoinitiative
@Duomoinitiative 5 жыл бұрын
Thanks Christian! - Nicholas
@nunoalves6962
@nunoalves6962 5 жыл бұрын
Another great video Nicholas! Came in the right time, all of this can be applied directly to me, the beliefs part, the putting the work part... A lot to think deeply about! Thank you!
@Duomoinitiative
@Duomoinitiative 5 жыл бұрын
Cheers Nuno! - Nicholas
@JonJon-dk3nh
@JonJon-dk3nh 4 жыл бұрын
Nuno Alves from Simetik ?
@dandarefpv1860
@dandarefpv1860 3 жыл бұрын
I'm literally just starting to look at trading as a genuine option with regards to alternate/ additional income, and so far of all the videos I've watched and articles I've read, this one video has taught me so much more than all the others. I really do look forward to learning more from you and your channel, so thank you in advance.
@samrj
@samrj 5 жыл бұрын
Just don't revenge trade. You cannot predict the market and you will be wrong a lot of times. Control your exposure and wait for entry instead of jumping in. That is what I have learned in the past year of trading. Also, don't drink while trading, you will lose.
@Duomoinitiative
@Duomoinitiative 5 жыл бұрын
hahaha! Been there, done that with the drinking + trading! Maybe some stories for another time... - Nicholas
@yajolrac1168
@yajolrac1168 4 жыл бұрын
Thanks for setting us up into the right mindset. It really plays a huge role in my learning process.
@Duomoinitiative
@Duomoinitiative 4 жыл бұрын
You're welcome Yaj!
@junshengmao9957
@junshengmao9957 4 жыл бұрын
How long shall we practice on demo? If we make profit on demo, will we make profit on live too? I depends on signals to trade.
@maximpobihun5469
@maximpobihun5469 5 жыл бұрын
In Music I often hear that just 2% are profitable. But I never saw the actual exact data from that research. Same with the trading - it would be nice to know more details - like age categories, personality types, market types, experience in trading e.t.c
@Duomoinitiative
@Duomoinitiative 5 жыл бұрын
I'd love that sort of breakdown too. You can find bits and pieces from different sources, but none of it verifiable. - Nicholas
@sankagayawansha8989
@sankagayawansha8989 2 жыл бұрын
Thank you very much for the great content.
@NoName-mf1un
@NoName-mf1un 5 жыл бұрын
what would you say are the most important things to learn early on and have as a foundation to build a trading career upon?
@FighterFred
@FighterFred 5 жыл бұрын
It's an interesting question; can a retail trader win against a rigged big bank system? The usual answer is no, but with new technology such as AI I think it is possible to reveal their patterns and act accordingly. This has of course nothing to do with character or psychology, but logic and math.
@blackstallion7644
@blackstallion7644 5 жыл бұрын
I think you're broke
@ippbrescia
@ippbrescia 5 жыл бұрын
I love the style of videos, thank you for bringing it back!
@CarelBlumenstock
@CarelBlumenstock 5 жыл бұрын
Trading is difficult indeed, I say that every day. A proper discipline and tooling are needed to make it in this line of business.
@Duomoinitiative
@Duomoinitiative 5 жыл бұрын
Totally agree! - Nicholas
@timrichards2380
@timrichards2380 5 жыл бұрын
I guess for some people they''ll never believe you can be profitable until they themselves are.
@lakatosstefan6926
@lakatosstefan6926 5 жыл бұрын
thank you,for making me go forward
@phillipprestontrading
@phillipprestontrading 2 жыл бұрын
Great video. And very accurate in what you say. I lost thousands ad thousands of ££££ Over 10years, trying to figure this game Out! And I say this to your viewers.....there is a GAME being played, in this arena. If you DON'T know the game being played...you'll LOSE! I was Never going to give up on Trading. I've spent thousands and thousands of hours, of screen time. Never give up on your dreams.......that's my motto..and now I'm finally consistanty profitable!
@kirkarnold9023
@kirkarnold9023 5 жыл бұрын
Great thoughts. Thanks for your thoughts.
@RodrigoOshiro
@RodrigoOshiro 5 жыл бұрын
im from brazil, never heard of that study...
@simonzeman6876
@simonzeman6876 5 жыл бұрын
Absolutely right! Good job this video!
@amasat71
@amasat71 5 жыл бұрын
Invest your time to learn then trade as an investor.
@rgasta7765
@rgasta7765 5 жыл бұрын
Be a profitable trader is more than just learning and losing money and "don't give up". You must have the right attitude and predisposition as well: are you good at playing poker? If you are then thats a good start. Do you get nervous when you lose? How do you feel when entering a trade of let's say 10.000$ Succcesful traders take big risks and aren't afraid of losing or, if they do, they know how to stay in the game. I know for a fact that I can't be a trader as I get too excited when I am winning, taking little profit and I get too annoyed when I lose.
@MarkSu88
@MarkSu88 5 жыл бұрын
I make $800 a day 8% of my portfolio. That's it. I'm just saying you can profit from it but you need to get a mentor that has been trading for years. Trust me, you can earn.
@fireguy96
@fireguy96 4 жыл бұрын
Arguably the best forex KZbinr. #thx
@at_trades3869
@at_trades3869 4 жыл бұрын
I love this guy... he says real shit that i don‘t have patience to put out LOL
@tjotwo
@tjotwo 3 жыл бұрын
This is not intended as a slam on Duomo. I have had no dealings with them and I like this video. I have spent around $50K on training and I have gotten to know some in the trader training business pretty well. Let's spitball a bit about trainers. We first need to set the bar. There are degrees of success. Winning more than losing does not necessarily pay the bills. Some trainers say nobody should expect to make a greater return that Buffet. 20% is great for a multi-billionaire but it is a spit in the ocean if you are not at least in the upper 6 figures in seed money. How many trainers are just outright scammers who couldn't trade profitably to any degree? That is probably at least half. And very few in the remaining 50% are truly capable of making a decent living at trading, can teach, and are willing to commit their time to teaching. Most of us who are not born into a family with a successful trader truly do have to work very hard to learn and overcome our own demons in order to succeed. And most of us have to surpass most or all of our teachers to truly succeed.
@Duomoinitiative
@Duomoinitiative 3 жыл бұрын
Hey Jeff, your points are similar to what I discuss in this video kzbin.info/www/bejne/pobPf6OVarSkeLs The only thing I disagree with is the point about Buffett. The returns from investing in a portfolio will be very different to trading, lower risk - lower reward, so it’s not correct to compare returns directly.
@tjotwo
@tjotwo 3 жыл бұрын
@@Duomoinitiative Thanks for your response. In my view, it looks like we agree about Buffett. My point was that some trading "educators" extrapolate Buffett's returns across all types of trading thus discouraging anybody with less than $500K to invest from trading for a living in any form or fashion.
@Duomoinitiative
@Duomoinitiative 3 жыл бұрын
Sorry, I misunderstood.
@tjotwo
@tjotwo 3 жыл бұрын
​@@Duomoinitiative No problem, Nicholas. I watched your other video, linked above. You were far more gracious than I would have been in describing the charlatan educators out there. I feel like I am beating a dead horse here, but I think there is a group of well-intentioned trading educators who are reasonably consistent and profitable but their level of success in trading is low. When a student becomes a paying member of their group, they subsidize this low level of trading performance and limit their progress by following the teachings and methodologies of a low achiever in the field of trading for a living. There is an assertion that is a lie when it crosses the lips of many trading educators (based on their own experience and abilities) and maybe I am a dreamer for believing it can be true: It is possible for a person of modest means to transition from the 9-5 grind and make a good living day trading and/or swing trading. But you have to make the transition like any startup business -- get it working and profitable with 6 months of operational expenses in reserve before quitting the 9-5. It seems to me that you discourage my kind of thinking to some degree. I have come around to embracing funded trading programs that you gave a vague warning about. You seem to advocate taking on trading of funds from others in a different manner as an avenue to make trading your primary source of income. On the other hand, I have heard/read some horror stories about trading funds from others. Thank you for your intro course. I think you really do ascribe to the core values you stated, therefore you will be pleased to know you have inspired me to redouble my efforts to attain consistency and profitability using a system and strategies I have already learned. You didn't sell me anything but you helped me and I believe that will resonate with you -- you are OK with that. Thanks again!
@paulocarvalho4070
@paulocarvalho4070 5 жыл бұрын
Good video! Now, is just chose the side: the side of who is gonna put enough/smart effort on the business or the other side. Congrats !
@Duomoinitiative
@Duomoinitiative 5 жыл бұрын
That's the tough part, not necessarily making the choice but being able to back it up with actions! - Nicholas
@roldoxfli4472
@roldoxfli4472 2 жыл бұрын
Bro I'm grateful for your contents
@snyalkino
@snyalkino 5 жыл бұрын
interesting point of view. different perspective on success
@Irongaint
@Irongaint 3 жыл бұрын
everyone can see opportunities on the charts, the trick is knowing when to enter a trade, patience pays
@liveandlearningbydoing9714
@liveandlearningbydoing9714 3 жыл бұрын
Impatient !!! great content
@j.f.e.251
@j.f.e.251 5 жыл бұрын
Hi, do you provide audited track record?
@Duomoinitiative
@Duomoinitiative 5 жыл бұрын
Hi Jorge, we don’t provide an audited track record but we have run a verified live myfxbook account that we published on our channel for people to follow along with.
@mattrading8701
@mattrading8701 4 жыл бұрын
As always, GREAT video, great content. Thank you!
@Duomoinitiative
@Duomoinitiative 4 жыл бұрын
Thanks Teo
@PurpleAmiga
@PurpleAmiga 3 жыл бұрын
Thank you!
@SSEnrich
@SSEnrich 4 жыл бұрын
Of course it is possible to become a consistently profitable trader. My problem are the winners. They are too small and too seldom reach that 2R, 3R. Guess it could be solved by ignoring many trading opportunities and be more picky about opening a trade.
@rodolfopimenta4033
@rodolfopimenta4033 5 жыл бұрын
Nicholas, hi. I've been watching your videos for a time now, and I am brazilian. I was already sharing this video even before you mentioned the studies were conducted here. As I have said to many people as well, from the day 1 of multiple careers, including traditional jobs in multinational companies, do them all get to managing positions, like CFO, CEO? Obviously not, and as far as it goes, people who get there, in the financial markets or elsewhere, have this will and belief and are willing to pay the price that comes with it. Keep up the amazing job! I'm so glad I eventually got this channel in my suggestion list from KZbin.
@madhurjya6764
@madhurjya6764 5 жыл бұрын
Nice man...i appreciate it.
@danielbrink9475
@danielbrink9475 2 жыл бұрын
you also did not mention that the trading education space is a sewer of scams and shart money concepts
@PCFEOP
@PCFEOP 5 жыл бұрын
When you start trading, KEEP in mind that you're not gonna make ANY money in your first 3 years. After that you'll hardly have any big loss. When your stop is hit keep your eyes on market, it's the time to reverse the trade and make 3 times more of your loss. But it will take 3-4 years of non-stop trading/learning/analysis. Price action is the king with trend-lines and fractals. Indicators are garbage.
@josephdredd3573
@josephdredd3573 5 жыл бұрын
My Mrs just looked over my shoulder and said 'that nigga got eyebrows to die for'
@dariobotkuljak9673
@dariobotkuljak9673 5 жыл бұрын
So, you advise people first to lose their money as a necessary step to become a successful trader?
@Duomoinitiative
@Duomoinitiative 5 жыл бұрын
No we don’t advise it. It’s just inevitable, no one will make money consistently right off the bat. What we do advise is to use a demo account for the first two learning phases for this exact reason. - Nicholas
@macscatdvilonearth
@macscatdvilonearth 5 жыл бұрын
Heres a question if one is a successful trader, what should one do? with taxes, should one go in retirement and give up putting money in the retirement fund. should one put money in other unknown hands to generate more money if so which ones? the good ones never seem to have a space available for new investors apart from the bad ones that lose your money. should one open a firm, if so how can one find new traders to work for one and get a paycheck at the end of the month but their results are rely bad. so many questions. not many people can handle big money and do something stupid. the variable of a human is infinite and in the long term they are unproductive, its just for the time being.
@Duomoinitiative
@Duomoinitiative 5 жыл бұрын
For the past 7 years the majority of my trading was done within a company structure. When it comes to having people trading for you, I have personally preferred to still be the decision maker and only have people as analysts and monitoring markets, rather than executing - unless they're doing testing and therefore need to execute. You are right that not many people can handle big money and it's even more difficult when it's someone else's. The question about taxes, I don't think I'm qualified to give a proper answer - partly because it differs depending on jurisdiction and partly because I've not had to directly deal with that for many years (let alone anywhere near retirement). However, I don't think you should stop putting money in the retirement fund. Even when I worked in wealth management, clients with 8+ figure wealth would still have retirement funds (even those that worked in financial services and could make their own investment decisions) and you should have this managed by someone else, simply because the focus of that type of fund is likely to be very different to what you do on a daily basis and requires a different set of knowledge and skills. - Nicholas
@westcondran9651
@westcondran9651 5 жыл бұрын
Another Great Informative video, Thank you!
@Duomoinitiative
@Duomoinitiative 5 жыл бұрын
Thanks for watching! - Nicholas
@aa1944-k2r
@aa1944-k2r Жыл бұрын
2 books every traders MUST read: 1) The Secret: Rhonda Byrne 2) trading in the zone: mark douglas none of this books teach you anything about trading system or technical analysis, but they will help you to become a successful trader and human being thanks me later, and wish you all the success in your trading career
@bangladesh6027
@bangladesh6027 5 жыл бұрын
I don't suffer from this. I'm always better than everyone else at anything I do in life full stop lol
@slsenergy4437
@slsenergy4437 5 жыл бұрын
come on guys you really need to set what you want with your life ! 2 choice 1: 9-5 job 2. be your own boss you decide !!! well done mate !!
@tradingespanol5384
@tradingespanol5384 5 жыл бұрын
Hey! I love your videos, ever since I found them I try to watch at least 2 a day! I wanted to ask if you could open the settings for us to add subtitles in other languages. I really want to add Spanish subtitles to help other people with your videos which i believe are full of usefull information! Hope to hear from you..
@Duomoinitiative
@Duomoinitiative 5 жыл бұрын
That's a great idea. I thought it was already open for that, but I'll get someone to look into it. Thanks for the suggestion. - Nicholas
@carlmarc3877
@carlmarc3877 2 жыл бұрын
Ty Great video
@TheSonson31
@TheSonson31 5 жыл бұрын
What’s the best way to learn trading aside rim baby pips
@tonyb685
@tonyb685 5 жыл бұрын
Just trade support and resistance on all timeframes. One of the biggest secret in trading.
@aryantyagi9927
@aryantyagi9927 5 жыл бұрын
Much needed one ✌🏻️
@Duomoinitiative
@Duomoinitiative 5 жыл бұрын
🙌
@lcarltbmx6743
@lcarltbmx6743 5 жыл бұрын
I made 5$ today from SQQQ at 1.1% return. Fight me lol.
@AZ-jh3lt
@AZ-jh3lt 5 жыл бұрын
How much was the position
@lcarltbmx6743
@lcarltbmx6743 5 жыл бұрын
@@AZ-jh3lt 500$ with those recent commission free trades.
@Duomoinitiative
@Duomoinitiative 5 жыл бұрын
Good for you buddy! Hope it continues. - Nicholas
@locomotivere4497
@locomotivere4497 4 жыл бұрын
my father always tell me, stop wasting your time, the only people who make money are the brokers.
@AaronSprague1
@AaronSprague1 3 жыл бұрын
IMO most things in life that are worth doing have that sort of drop off. It does not mean you should not try it. In fact I would say its the reason you should do it.
@Duomoinitiative
@Duomoinitiative 3 жыл бұрын
Very true! ~ Nicholas
@binayrout6722
@binayrout6722 5 жыл бұрын
Whoa man this might be the turning point in my trading..... Thank you from the bottom of my heart
@Svante.bergman
@Svante.bergman 5 жыл бұрын
Love this format! More of these videos:) 👍
@Duomoinitiative
@Duomoinitiative 5 жыл бұрын
Thanks Svante! What is it about the format you liked? Always appreciate the feedback. - Nicholas
@Svante.bergman
@Svante.bergman 5 жыл бұрын
@@Duomoinitiative The simplicity of focusing on quality discussion and intelligent argumentation really speaks to me. Rather than the history lessons, lots of graphics or fundamentals on other countries, which are also interesting, but not necessarily always relevant. Those things one can read up on anywhere. What makes Duomo unique is You! We all trade differently and this video, for example, is both relevant for everyone no matter the approach, aswell as timeless. One can go back many times to watch it. It feels absolutely genuine and reminds me of the videos 2-3 years ago on the channel, which provided a lot of nuggets and have helped me a lot during the years to not give up and to become consistent. Also a big Thank You for that :)
@Duomoinitiative
@Duomoinitiative 5 жыл бұрын
Thanks for taking the time to write that. I agree with what you're saying and I think we're going to be working our way back to having more 'old' style Duomo content. Cheers buddy! - Nicholas
@dannyp4089
@dannyp4089 5 жыл бұрын
Well said man 👍
@Max-ot8vy
@Max-ot8vy 5 жыл бұрын
If you spot the swing trades well, that is skill :)
@Scoobe01
@Scoobe01 5 жыл бұрын
Let me in - Great show all the same. 99 is the percentage. It's simply because there is nothing in supply towards the values you are looking at. Forexcandles can help reduce this problem at the Forex School of Traders.
@broto8
@broto8 4 жыл бұрын
Awesome!!
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