HIGH PRESSURE TRADING (My Experience)

[@enlightenthyself]

Talking about preasure.. I've got 50% of my account invested in a CAD/JPY short. Caught a false breakout at 89.394 target 81.346. In the past 11 days Price is retracing and you can't imagine the horrible feeling I get when I check my charts. But you gotta stick to the plan. It helps when you don't look at dollar ammount just pips.

[@senzomtyingizane7326]

I have a terrible risk management... returns can be good but when shit hits the fan the pressure is hard to deal with

[@Duomoinitiative]

The most important part of trading is having good risk management. If you spend some time focusing on that, you will nail it Senzo!

[@lukodajohnbosco]

Everytime I hear your personal stories...I feel like am getting someway...Thanks so much

[@Duomoinitiative]

🔹 Get FREE access to the Duomo Trader Development Program: duomotrading.com/FreeDuomoTraining 🔹 Add us on Instagram: instagram.com/duomoinitiative/ 🔹 Our second channel for financial news and analysis: kzbin.info

[@thelonewolftrader6080]

Just few words but I want to really thank you for your sincerity! It helps a lot feeling in a common situations and knowing that there is a solution to come back stonger! I really appreciate your transparency!

[@Duomoinitiative]

Thanks so much Andrei!

[@bryanvincent3642]

If your are anything, it’s honest. We would be friends. Thanks for posting!

[@jakubvalenta5403]

Absolutely. I have the same experience. Money management is almost everything, low leverage and you are not under emotions. $5000,- account max 0,3 contract on Forex.

[@suecooney]

This was a great video for me and where I am in my FX journey. To hear about some of the "real life" ups and downs from a professional who hasn't lost touch emotionally - I personally find liberating. Sounds like you are describing times of decision fatigue, which I try to limit in different ways. I've been there, where either through fear or enthusiasm, I have stretched an envelope a bit too far, or too often without the right recovery - that's when I / we can feel depleted. + Whoever we are, regardless of age, background or experience, each of us "is" a continuing work in progress. Thank you, and have a great BH weekend.

[@Duomoinitiative]

Yes, I've also had to learn what my own level of decision fatigue is. I usually limit myself to no more than 2 entries per day. I know I could handle more on certain days, but I know over the long term I am better to stick to my optimal amount. Everyone is different, but it's good to keep these things in mind and find what limits are sustainable for us.

[@suecooney]

Thank you, I really hear the wisdom.

[@kharibaynes4003]

Thanks for this, very relatable, insightful and very valuable

[@spencerw2201]

It's amazing how your videos resonate with me. Pressure goes through cycles, but it's crap when it's high. Gotta do more to manage my risk....

[@Duomoinitiative]

Managing risk is definitely the best way to reduce unnecessary pressure with the actual trades themselves. Unfortunately that's only one part of it, but luckily it's all stuff we can learn to deal with! We have to experience it initially to know that particular pressure exists.

[@danielleon4320]

Beyond amazing!! Thank you for these gold nuggets of information

[@RossClementsOnline]

Great advice, so true - experience really counts. I appreciate every word... You only live once, so learning to deal with your emotional responses to trades, will only make you better & stronger and will ultimately make you a better trader - the Atari Game Pitfall springs to mind...luckily I was good at that game...

[@foreigncreations1793]

Excellent video. I've definitely paid my tuition. You don't have to burn your hand to know fire burns but for some people it helps lol

[@ciceroaraujo2552]

I want to meet some day shake your hand and say thank you for your wisdom

[@israeleasy6321]

This is my story, thank you for telling people about my challenge. Fear of losing that is why at first whenever the trade could go into profit, I used to close it no matter what....To me the RR is boring whenever you trade with a $100 account, either way thank you my mentor# Duomo. YOU THE BEST

[@enlightenthyself]

And there is the fucking AUDCAD i was short (Don't remember the price) but it was at a great level. but price just stayed there for 2 weeks. Closed the position at breakeven to free up the capital and this week the bloody thing fell about 150 pips from my prev entry. Trading is soooo mental it's not even funny

[@tlamax7769]

I had to laugh when I read this comment because the SAME thing happen to me a few times! I remember I was shorting the USD/CAD and it stayed stuck in range for the longest. After a week /half, I decided to close the trade because I figure it was a dead market and SURE ENOUGH, two days later, that shit fell from the 127's to lower 125's!! I was PISSED but at the time, i was a newbie who never knew about the news reports and other fundamentals that could potentially affect the market. On that day, sure enough, a high impact report came out and I think it was the "CAD Core retail sales" but it favored the CAD and it went short BIGTIME!

[@wpachoow]

You are giving advises that are very helpful. I understand that new traders want to skip the emotion aspect of trading and dive in the strategy part BUT in trading we have so many strategies and so little about overcoming emotional barriers and tuff situations which are one of the most important things to do in trading.... its not about strategies guys come on .. We all face fear and greed but not all trade lets say candlestick patterns right?!

[@nullx8]

Never ever ever ever ever (!!!) Trade money of friends/family/colleauges !!! Its really hard to seperate.

[@primeminister5317]

I always try to sleep/nap it off, anyone else?

[@Duomoinitiative]

I've done that many times too!

[@codygeer7096]

Just took your advice. I had some trades open that were at break even point but weren't going anywhere (low volume) so I just sold and got back in a safe haven. I didn't win, but I will live to fight another day.

[@Duomoinitiative]

That's often a great and mature decision to take.

[@SnailSmokeTV]

Great video as always, top tier connection made with us. I was wondering if you avoid situations where you could have a higher pressure level, such as trading major news or holding a position over the weekend. Also do you think that developing a routine is directly correlated to long term success. For example waking up and having a cup of OJ and a banana every morning. I know about tracking your state of mind and what you did to get you in that state from the course. And if you had any success or experience with that what did you do as a routine and how long did it take you to build your state of mind strategy.

[@Duomoinitiative]

I think having a daily routine definitely helps a lot, particularly as a psychological anchor to get you in the right frame of mind. However, the biggest gains will come from your specific trading routine. In other words, the time you approach the market, how you approach the market, the different criteria you go through before opening or closing a trade. Trading like clock-work. You avoid the need to waste energy by adapting to situations so much, and save your energy for the important parts of your trading that are less predictable.

[@CrankDATdance56]

Keep your first entry lot very small people , that way you can break even easier if it go`s against you too much and even come out profitable , being in the red is all part of trading, you have to get comfortable with it.

[@NiceTrade]

Paul Jones says it in his documentary .. never over-expose your account capital, so then you should survive to trade another day ;^)

[@Saad-jy4om]

What program do you recommend for Forex in the US

[@chrisduet]

Man you are hilarious dude. Your videos are superior man

[@realelias9843]

Could you make a video on most amount money you have made from a trade and what the worst amount of money that you have lost from a trade?

[@jayh1096]

RealElias a lot

[@Duomoinitiative]

If you look in the description box you'll see a link to a video about the biggest loss i made.

[@PassportG]

Control risk is paramount 👍💯

[@Winn-brownUk]

I'm finding these videos super useful for my trading - keep it up! Out of interest, would you have any advice for someone who's just about to start a business & finance degree and wants a career in high-profile client wealth management or did you 'fall into it'?

[@Duomoinitiative]

If you're client facing, having a lot of extra-curricular stuff on your resume, especially team activities will really benefit you. Because a big part of your job is dealing with clients - you need to be able to display good people skills and have a range of different things you can talk about.

[@Winn-brownUk]

The Duomo Initiative - Financial Education thanks the tip - will definitely shift some focus towards that!

[@adambotha01]

I like this series

[@tfm_patrick]

Wow this video is gold

[@Duomoinitiative]

Thanks Pat!

[@Sumfatkidd]

I get that pit in the stomach feeling from fluctuations. What are your thoughts on set and forget trades

[@Duomoinitiative]

I think your trading approach has to partly match your own characteristics as well as your strengths and weaknesses. For me, a set and forget strategy doesn't work (excluding longer term portfolio work). However, for some people it will be ideal to avoid the emotional impacts.

[@musikmakerfan]

Love the vids

[@mohamedyacineelkedim2094]

hi and thank you for ur videos , really great ive been watching ur videos in awhile now and you've talked basicly about everything in trading except one thing i wanna know here what is your forex trading strategy ?lol i mean you've talked bout a lot of stuff but what matters for me more is your particular strategy haha , i m still new to the forex busniss and i wish i could get a good strategy from a successful trader who doesnt seem to be working for a particular market maker broker haha waiting on ur answer ... thank you , have a nice weekend

[@Duomoinitiative]

We have a lot of videos explaining the strategy. A good place to start is either with our 4-part free series (link in the description box for our inner circle), or search for The Duomo Method thesis, which explains it at a high level.

[@mohamedyacineelkedim2094]

alright thank you so much , ive started with that but i couldnt pass the 1st lesson, where are the other lessons ?

[@johnpen269]

when i started all i did was insane marging trades going all in 5k$ now i go in 30% and i dont feel the pressure anymore lol

[@enlightenthyself]

Notification squad ✌ ✌

[@KhabibandEnola]

What can i say? Good advice, sincere, and sexy voice...

[@Lannd84]

I heard you like boxing.. mayweather vs mcgregor? who do you think will win?

[@Duomoinitiative]

Mayweather. Oops, late to reply! (I did back him before the fight though!!)

[@laureven]

Thanks for good video ;) ....the highest ration views to likes i ever have seen :) Congratulation :) (441 / 64 )

[@rajsingh-lr3nd]

Most of the things are repeat from past videos, u shud show some live trades. It will become boring else

[@Duomoinitiative]

I don't think I've spoken about this before, but point taken. We have live trades on the channel too, but it seems people weren't so interested. I have no issue with becoming boring, what matters more to me is to be providing what people need to learn and overcome their sticking points.

[@jakubvalenta5403]

The Duomo Initiative - Financial Education for me it would be quite good, I can learn from it. But if people are not interested, let it go.

[@enlightenthyself]

The Duomo Initiative - Financial Education I don't know why people like "Live trading" Trading is boring Af

[@phillipvdwesthuizen9032]

one of my goals is to help other people (family and friends) and more after that to have extra income by trading on there behalf and the question which i do have is what pressure it will add to my trading performance which money management is one of the solutions to this question as per this video. So sight full information which i can use and build upon to condition my mind early on to know that the pressure will be more when i get to that stage. Thank you keep these videos coming to add more value to my learning stages

[@sovanews]

I don't agree at all that this is a rehash or boring, this video is pretty much a game changer for me. Helps me realise my biggest obstacle is letting some trades run for too long and hoping instead of sticking to the original risk, which usually hurts the account more often than not. I'm also learning by burning through smaller live accounts (big enough to hurt a little), but I don't agree it's necessarily a stupid way to go about it, it's certainly a very quick way to learn. Helps that I have an experienced mentor, but having a mentor doesn't mean you get to skip the hard times. Especially handling emotions and psychology is something you can only learn by doing. Thanks for taking the time to make this video!