how i make money trading, even when i’m wrong

[@NickShawnFX]

My free telegram channel: t.me/+wLRvxyoK7y45M2Rh Also, please excuse my cough, I have tourette's syndrome, and it's extremely difficult to stop my nervous tics at times such as the cough :)

[@tusktooth4122]

only a thousand bucks a month guys!

[@charlesblair1900]

reply to this message if you want help with your cough.

[@benbraceletspurple9108]

This is called breakout hunting. It works, but it is still an edge, and if you truly traded randomly, it would not work at all.

[@bryanharrison3889]

As a trader who's been trading off and on since 2009, this is NOT a bad strategy at all. The theme on repeat in this video is "RISK MANAGEMENT". If you master that, you can trade ANY strategy and be profitable. I know a few traders that have been doing coin flip entries (seriously) since before I started, and ONCE THEY'RE IN, they set a profit and loss target. SOME do this type of "double down" when market moves against you. So this video is talking about how to do this with an account that is 100% funded with risk capital, which is a fantastic concept. BUT THIS CAN ALSO APPLY to an account where your entire trade capital is in the account. The only difference is, instead of risking 1-3% PER TRADE, instead, since your account is the capital and the risk, you'd simply reduce your initial trade risk so that if you're in a position where market moves against you and you had to do, say, 8 entries in a row like in this video, at that point you're at your MAX RISK, which for most people is 1-2%. So for example, if you have MT4, and you trade on OANDA or IG, and you enter a trade, you can enter with a lot size of 0.01. So one entry of that size on the euro/usd ends up being somewhere around a penny per tick. So if the spread is, for example, 1 on a retail acount, then as soon as you hit the button you're negative -0.10 cents. A DIME. Ok? So if price moves against you 20 ticks, you're out 0.30 cents. If that's your next entry, now you're out 0.40 cents. Now.... if market moves against you a total of 100 TICKS before reversing, and you entered just say equal distance of 20 ticks, you'd have your initial entry, plus 5 other entries at 0.01 lot size. So your total "loss" after a negative move of 100 ticks would be about 1.10$ for the initial trade, 0.90$ for the second, 0.70$ for the third, 0.50$ for the fourth, 0.30$ for the fifth, and 0.10$ for the sixths trade due to spread. Ok, so what's the grand total for that "losing" trade? With a 500$ small account, you'd be at 0.8% risk percentage for all 6 trades combined, totalling about 3.60$. (ish) That's not counting continuing moves against you, which would be approximately 0.06$ per tick, assuming each tick was a penny. So if you have all your risk captial in the account, it would certainly have a "magic point" to put a stop loss somewhere reasonable to protect your account from absurdly fast moves against you... but even if you do button stop trading, you can usually close out before your account hits any significant loss, and with a TOTAL possible trade entry cost of 0.8% of your account. Keep in mind, it could move an additional 100 ticks against you and you'd still only be an additional 6 or so dollars loss, with a total combined loss of 9.60$ which is just shy of 2% of your capital. So yeah. Coin flip with this type of risk management is absolutely a "doable" thing, and if you manage your trade positions with the mindset that you might have to occasionally make 6 trades before it reverses (or hits your stop if this is your only trade capitol), then you can repeat this procedure and it CAN BE PROFITABLE. Its one of those things I learned early on, the MOST important thing about trading is what level of risk you're at any given time. Once you master that, (and there's many ways to manage risk that are valid) then you're good to go. My mentor, when I asked them about how they pick such great entries, they looked at me and said "Entry? What about the entry? FUCK the entry. If you're in a burning building, was how you got in important? ITS ALL ABOUT THAT EXIT PLAN."

[@steelslingshot]

knowing when you're trading in a sideways market is still an edge

[@索蘭婭]

Never have I thought I would hear the words “unfortunately that was a winning trade” 😂

[@MikeLGMFX]

[@bikemike1118]

That’s probably because you‘ve NEVER heard such BS before! Remember: the constant coughing is a sign for lying..

[@goldtraderzayn]

@@bikemike1118 it's not its basically martangle strategy I have made my account 300% but then blow my account cause i wasnt using it properly

[@boudewijnj.m.kegels5198]

This is sooo funny that it cheers up the entire video. haha

[@theeinnergee]

His attitude is refreshing!

[@israelbayode6888]

"Unfortunately, it's another winning trade"! Absolutely phenomenal.

[@mindsquall]

This system wholly depends on you being able to sit in front of the screen 24/5. Also, you WILL blow up your accounts fairly frequently doing this.

[@baohuynh5551]

⁠@@mindsquallIm almost certain at this point that the trader named Don Vo did the same strategy and got 60% gain in one month but all it took to blown his account is one bad day. The guy should have divided his initial balance into multiple account as Nick said at the end of video

[@benguala]

@@mindsquallIt’s called setting price alerts 😳

[@ismabeatz2715]

@@mindsquall that's why he withdraw anytime he makes good profits, this way he is always "profitable"... This guy is a crazy gambler, but it works for him

[@arjaylagadia69]

he is not a crazy gambler, the if you are listening at the very beginning the whole account is the stop loss.

[@silverechohawk5315]

Great video Nick! I’ve been trading 30 years like this. However I tend to get too aggressive and take drawdowns that are too big. Controlling risk is absolutely the main key with position sizing. Kudos.

[@Ian-ru1ue]

Absolutely this.

[@nickpage9138]

Hi bud, I guess your busy, but do you know of any other place I can learn more about this?

[@hanielarindel1408]

Yes, in my case I'm a swing trader and I always use a dynamic stoploss and set expectations for my possible take profit. I'm not that good though, I'm still learning. I only have 3 years here but I'm a lot better than when I started.

[@Tradingisgood]

So the lesson is” feel free to gamble your position by adding again and again to a losing position

[@ajirinath4390]

to a losing position hmm not idea

[@jayviz]

in Vegas, they call this stacking your bets. You just keep adding chips every time you lose, until eventually they foreclose on your house. hey! Why not do it with lottery tickets? Buy 1000 tickets, if you lose, the next week by 2000!

[@golden_smiles]

@@jayviz the point is here you are 50% winner

[@jayviz]

@@golden_smiles try it and see.

[@GOD_CANDLES]

@@jayviz you cant lose!

[@simonosborn1125]

“So unfortunately it was another winning trade”. 🤣😂

[@astrogumbo]

you caught dat too haha

[@CuzOfLove]

Lol 😅

[@Rob_otic]

I was about to quote this same thing, LOL.

[@RT-tq4zr]

😆

[@user-lg1cv7pc9r]

rofl

[@alien-911]

To be real, that random generator trades better than 99% of traders😂😂

[@richiewillie2us]

@alien-911 I was thinking the same thing lol

[@astrogumbo]

@@richiewillie2us hahahaha. damn son....im still watching the video

[@rdtradecraft]

True, that. There's nothing like random entries to demonstrate that exits and risk management are way more important than entries and fancy chart analysis. This is why I love Nick's stuff. He dwells almost entirely on those two things.

[@biggodkenab]

Fr😂

[@alien-911]

@@rdtradecraft tbh i backtest and its running super profitable as long as use small risk each entries and make sure to keep track. I blew up once during backtest and realise myself holding 11 entries without breakeven

[@joproperties6483]

I absolutely agree with you! This is the best way to trade as a human. Many bots are also programmed to trade this way. I use a similar method but I was missing 2 things in my approach. And now I found it in this video. 1)After many entries I can close at break even instead of waiting for a return to the first entry. 2) I will trade a percentage of my money each time at full margin. Thanks so much for sharing. I hope your health is better now.

[@pirds102010]

why don't people use bots if they make money for you for free?

[@stefanstrecker-nlp]

I know people who do use bots as a money printing machine. But. A bot only does what you tell him. So again there is human intervention ;).

[@dupersuper1000]

@@pirds102010 most people don’t know how to set up a bot or program it to correctly execute trades without any errors. Then there are risks associated with black swan events or other events that human traders recognize and easily account for. Those are hard to capture with a computer program. The people who manage to create these programs typically don’t give them out for free.

[@furqanawan7170]

Could you please explain the second point? What do you mean you trade a percentage of your money each time at full margin? I actually just want to know that in a little detail. Thanks

[@mzwamadodafongqo3814]

@@furqanawan7170 Divide your whole money say by 5 then trade one fifth as the main balance so that when you blow it, you'll still have four of the fifths left to try with. I think that's what that means.

[@ShelleyfromCali]

You're the man! There is something to keeping it simple and having an excellent R/R, I'm up ~$393k in the past nine months from equities

[@FirstIdrinkCoffee]

If trading is a 50 - 50 game, theoretically you could just forget about all technical analysis and just randomly trade anything and hope it goes your way?

[@philcrowley007]

I’ve been at it for 2 years now but still inconsistent. Lost over a hundred K so trust me when I say even following these KZbin tutorials doesn’t always cut it

[@henrymitchell9717]

If it was easy everyone would be at it mate and we'd have walking billionaires, its why my message is always do it alongside other things, or get a job, work on yourself your mindset your emotional composure, habits, health its way more than just technicals and I found that out the hard way myself

[@ShelleyfromCali]

Couldn’t have said it any better myself, managing emotions and sound money management are key to trading unfortunately most won’t pay attention to this until they’ve gone through the motions of getting smashed about then they look for clarity on the psychological and emotional aspects. I'd say having guidance from an experienced pro who has already navigated the complexities of establishing and adhering to trading rules can be a wise approach to consistently secure successful trades while still improving as a novice.

[@barbborstein7640]

@@ShelleyfromCali Go girl! What’s your strat???

[@Ahmed-tu3ms]

The cough is the reason i’m still watching

[@facedust07]

the constant coughing gets me

[@fka.climate]

Of little concern for what we’re getting.

[@TheJuice92]

i have the same problem, believe its an OCD thing but thats not based on diagnosis so take it with a grain of salt.

[@TheEsseff]

Actually its very weird, he coughs only on the charts, but when he is speaking directly to us he didn’t cough. Which leads me to a conspiracy thoughts) and also I don’t see that he coughs on the video. Its more like he added this on the background but if so with what purpose? Maybe his microphone is too sensitive… Very weird stuff, feels like i got fooled in some way.

[@AlvaroLayossa]

me too, and he dont explain why is coffin

[@zetro8870]

​@@TheEsseffbro☠️☠️

[@ericmiller7749]

I had to watch this 3 times before understanding how easy this is. it makes complete sense.

[@bluecafe509]

Did you catch his cough?

[@enditakamweneshe6428]

Take note that he says the account itself is the stop loss, I tried this approach many times, I ended up flipping most of my deposited funds only to lose everything later down the line.

[@notdan995]

@@bluecafe509 He should really get Hall's to sponsor his next video. That was so distracting. I shouldn't make fun of him, I think he might actually be dying.

[@Derek_1111]

@enditakamweneshe6428 is one of those strategies that has a high win rate but takes just one loss to wipe you out. AKA a horrible way to trade.

[@distaste8994]

@@notdan995bro im ded 😂

[@BryceRedx]

Just spent 3 hours backtesting this... (using a random number generator) I started with 1% risk of the account, adding at even intervals of drawdown. The MOST drawdown I experienced was about 15-20% of the account size. Every trade eventually made it to grow the account at least 1%. Crazy how a strategy does not matter! Thank you Nick!

[@kwkarol]

So you're saying you're risking 20% to make 1%?

[@TheWhippinpost]

Now, with each add-on, increase the lot-size by 20-30% to maintain a reasonable breakeven point that moves-up with price. You might also consider removing partials from earlier positions at around 1.5ADR.

[@BryceRedx]

@@TheWhippinpost for sure you can I found that was not necessary And by doing so, you incur more risk as price moves against you But it’s all about what you are willing to risk I would prefer to not blow an account if possible lol

[@TheWhippinpost]

@@BryceRedx By removing partials from earlier positions when the trade goes against you, and increasing the lot-size of additional trades, you keep the breakeven point within distance. Ideally if you measure the additions and removals using a measurement of ADR, you can maintain a grip on things if price squeezes. Trick is to keep size within your risk profile.

[@FxGaro]

Hey, what I don’t understand is, how do you size your lots to risk 1% if you don’t know where the stoploss is? We don’t know how far into DD the position is gonna go right so how do you know you’re risking 1% of the account on a position? thanks

[@BrigetGstar]

Putting well-earned money into the stock market can't be over emphasised for first-time investors, unlike a bank where interest is sure thing! Well, basically times are uncertain, the market is out of control, and banks are gradually failing. I am working on a ballpark estimate of $2M for retirement, and I have a good 6-figure loaded up for this, could there be any opportunity for a boomer like me?

[@NoahNollens]

Personally, I would say have a mentor. Not sure where you will get an experienced one, but if your knowledge of the market is limited, it seems like a good bet.

[@MesutMilleliri]

Some individuals minimize the importance of counsel until they make regrettable mistakes. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm afloat. I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $175k to $450k despite inflation.

[@AvelineOztas]

This is definitely considerable! think you could suggest any professional/advisors I can get on the phone with? I'm in dire need of proper portfolio allocation.

[@MesutMilleliri]

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with *Julianne Iwersen-Niemann* for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

[@AvelineOztas]

She appears to be well-educated and well-read. I ran a Google search on her name and came across her website… thank you for sharing

[@westra42]

Thanks for the good summary! Now is the perfect time to start buying stocks and crypto( BTC, ETH,) if you are just being introduced.. I really wish I started earlier. I’m learning this doesn’t have to be as complicated as some people make it out to be. Thanks to Aldona Šabanienė Program for helping me get into her trading server and investing guidelines. Investing and trading are more than just having TA skills. There is a big component of discipline and emotional maturity, that one has to work on! Time in the market vs. timing the market. If you keep that mentality as an investor, you will stay calm during the storm! Within some months I was making a lot more money and have continued on that same path with Aldona.

[@ninomallardo]

I heard her strategies are really good, How do I reach your Coach/mentor...

[@westra42]

She mostly interacts on Telegrams, using the user-name.

[@westra42]

@AldonaSabaniene.

[@DanielSilva-cu9ki]

Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience..

[@Rainy-daze4733]

On the grand scheme of things, once you understand the potential of trad!ng, you can bet on it but I think people need the education to fully understand...

[@Brad2023Piez]

This trading strategy is literally a game changer! I've been fkn around with this strategy and found that if you are NOT greedy and are super diligent with your risk management you can absolutely carve up in your forex trading. Trading Gold is super simple as it loves a good bounce 😅 and also works trading my favourite boring pair AUD/NZD good luck guys and see you Nick in the next video Cheers 🍻

[@tamasgodinek4125]

Have you ever tried it on Oil or crypto? Just curious as I am starting to try this strategy out this last week on oil.

[@Brad2023Piez]

@tamasgodinek4125 No I haven't tried oil yet mate. Just been on Gold as it's got really good price structure and AUDNZD I literally trade without a stop loss 😅

[@TamNguyen-vj4sq]

Nah. You will eventually blow the account If you cannot control your feeling by adding more positions than usual. Why you have to put yourself in this situation? Everyday you have to look that your account with a big DD. No man, please usE SL as you made a wrong decision and move on. You will correct it by next trade.sAlso. If you sell XXX/JPY and waiting for a month to go back to your BE, you will be broke by the swap fees.

[@BreakoutHunter]

This is called mean reversion trading. It's not new. Use a mean reversion channel and see how far away price typically gets to before returning to the mean line on the instrument you are trading. The ruler tool in tradinview will tell you a percentage. When it gets to that average percentage, you enter and wait for the pullback back to the mean line and close. A very good indicator for this is the "Mean Reversion Channel" by fareidzulkifli.

[@jdanyonsan1950]

@@tamasgodinek4125 Probably better to avoid trending markets - especially crypto as the price might moon and you'll not be able to hedge out the move...ever. Crypto/Commodites/Equities/JPY => Trend Following, 'Boring FX' ==> Mean Reversion ... and this is a form of that.

[@Mudcatlive]

its crazy cause this how i been trading but couldnt explain it u explained it perfect. this probably the best method of trading even for new traders all you need to understand is key levels and you good

[@delawareamy]

This is what I’ve been doing as well, but couldn’t explain it either. Now, I think I can. 🙂

[@shimizu67]

Tried this morning, 15 minute chart, paper trading, EURJPY. Sampled small, suddenly started diving and never came back. Was stuck in 10 positions.

[@Lunaloop92]

Higher timeframe, less positions

[@shimizu67]

@@Lunaloop92 The issue with higher time frames is that you can get stuck in a trade for weeks, meaning added fees for every trade you hold over night.

[@Lunaloop92]

@@shimizu67sure but lets say you‘ve put 7-8 positions and after 3 weeks price went to your first position , all of them are winners and fees are not that high, you will cover them with your winners

[@Lunaloop92]

@@shimizu67yes thats right but profits should be high enough to Cover that

[@shimizu67]

@@Lunaloop92 I'll keep backtesting until I eventually find the sweet spot, thanks.

[@NasifJameel]

After watching hundreds of KZbin videos on technical analysis.. and having traded similar to what he says here (left it cos people told me it’s too risky).. I have to admit I made more money this way than any other theory or system. Actually blown more accounts using other methods. Thank you 🙏

[@heyjude2109]

Just goes to show there is no need for fancy indicators on any charts to earn a profit in the financial markets.

[@mazenezou]

It's called DCA, i blew up my account x3 using this method,

[@post5230]

Its not a method, its a way of life...

[@aiwagakuin2]

Do you still using this method to this day? Do you do exactly like this video or do abit differently?

[@FinancialConsultdotcodotza]

​@aiwagakuin2 use this with divergent technical analysis to optimize. You don't want to sit for days with overnight fees stacking up. Also, start small for a month to test and don't over extend your risk as you will blow accounts too easy. Creating multiple accounts can reduce stress and could help your risk management. If you have 100k, use R2k per account, which translate to 2% risk per trade. Let me know how it goes 😅

[@dogongdoging]

I made quite a profit in XAAUSD last week from this approach, but does not really work during US session especially during significant news, but during Asia / European session (especially Asia) this approach works for me, thank you Nick, thank you

[@mandragoramoon]

It's true. But you have to be very careful with this technique with e/a especially A because they actually use it to trick traders and your profit can sink extremely quick. Called a trader fakeout or trader warning.

[@jeffbee6090]

such a bad ass no nonsense trader... love your videos. this one was especially interesting! Random entries, risk management. seems so simple yet 95% of traders can't do it.

[@odedechurchill2823]

They can I feel like the only thing that can stop someone from doing this well is good risk management and enough forward testing to learn it properly probably a month or two is enough

[@barbiedollfx729]

Exactly...it's all about patience and faith

[@Keskusrikospoliisi]

Guys, don't don't this. Averaging down or up is only going to work in ranges. Most instruments trend most of the time which means you will eventually lose it all.

[@MarceauNarcisse]

Facts this is the worst thing to do !

[@dxixjs]

There is actually a way to hedge efficiently, basically put a buy and sell order let’s say t.p is 60 pips each time either order cross 20 pips you take off a quarter off the opposite order, if it reverse you add that quarter back on to opposing order and basically you just keep doing that until one of them hits tp

[@PhilipMM]

Even he doesn't put everything on the line, he is using the 1 hour time frame seeking 1 to 1

[@Libety]

He literally said u can blow your account. Key here is risk management by only trading with a portion of your capital in the trading account. You blow it, no big deal, try again. Chances are, you will double your account more often than you blow it.

[@Libety]

@@PhilipMM Im wondering if this works properly in other timeframes too or only on higher TF

[@BillTrudelle]

So you are doing a martingale? When do stop out?

[@Silent_Bobb]

Stop is liquidation.

[@lexies30]

It feels a bit like Martingale, but it's not really a Martingale because he starting second trades with the same bet. ​@@Silent_Bobb

[@nyny1475]

Its not quite martingale its more of a dollar averaging. The way he doest it makes sense. I knew one dude that did the same thing, he made 6 million from forex. But he was a due or die type so he eventually blew his entire earnings.

[@daryazat8049]

Hei just tested it, after few win trades I was in profit of 600, then after adding in losses im -4000 and it doesn't go down anymore. And it's clear cause there are markets that doesn't revert at some point but go in trend for months. Clearly it can't be a winning strategy.

[@Izaiah333]

Sounds like u are risking WAY more than 2-3 % bro 😂

[@marckobuendicho3883]

you basically need to just trade around .5% of your equity so youcan have max 6 trades

[@Trader_Logan]

It works I’ve done it too. Smaller size and practice you’ll get the result like he mentions.

[@Saywhatohno]

@@marckobuendicho3883 Depends on your leverage. IBKR provides 1:66.7 on USDCAD. so if you have $50,000 you have $3.33 USD (50,000 x 66.7=$3.3m CAD) if you trade 0.5% then each trade should be for $16,666, round that to $10,000. You can have 333 position open with $10,000 each. You will never reach that because in his backtest you can see that he had 8 - 10 open trades at any given point because FOREX is mean reversing. This only works on forex because its the only asset which is mean reversing. So you need to trade 1H timeframe. Stack up your bets if you can. And dont forget you have to pay margin interest on the borrowed money lol that's about 4.5% per annum.

[@pauljames9915]

I totally agree with ur method. I did some backtesting with random buy/sells .... and yep as long as you can deal with unrealised drawdown, in most cases you can close positions for profit or small loss, and as you do, if you hedge positions or add to losing positions you can greatly improve chances of profit. That said, even a weak edge on the entry like looking at the higher time frame direction , could help reducing the time in unrealised drawdown. The mindset is just like : if you bought a stock for buy and hold, at market open, you wont expect a profit for a few days/weeks, and if the price went against you, u might take more position on, but eventually it would all be ok in the end. It's like taking a long term view, but for shorter term profit.

[@Noticing-Enjoyer]

Well said

[@jabariaustin9982]

Hey Nick some notes you can add are 1. trade pairs that willl revert more often such as AUDCAD and AUDNZD and avoid trending Pairs such as USD JPY. 2.Avoid strong news events as much as possible such as NFP , or FOMC . Hope my tips help.

[@Lunaloop92]

Depends on your timeframe. If you only on Daily then it doesn’t matter if nfps news happens

[@MikeontheWay]

You don't like trading the ninja? I'll hedge USD/JPY against GBP/USD with a correlation strategy.

[@shimizu67]

There are news all the time, it's almost impossible to avoid them. If you're going to avoid news, you're never gonna trade. A lot of times you're going to be in a trade when news show up, you either let it play out (it's 50/50 anyway) or you get out at a loss/small profit. This strategy is for people with deep pockets, you can blow 5 accounts of 1k before you finally grow one to 10k. Which is fine if you have enough funds, which isn't the case of 99% of people.

[@didymario]

Great advice bro. Add EurGBP to that list. When any of these pairs are in a range, u can essentially print money.

[@DanEmmons]

Martingaling: nothing new under the sun, but people keep blowing up from it.

[@samuelsamuel9176]

This is not martingaling opening opposite trade is what is martingling

[@srdjanmiljkovic1908]

@@samuelsamuel9176 Not true. Martingale is opening the trade in the same direction, but with double the size. Then double again and again and again until you get into profit or blow your account. It can work very well with unlimited funds :)

[@louisk6485]

@@samuelsamuel9176 this is absolutely martingaling. He might not be increasing the lot size, but a grid trading approach is still martingale in nature. You keep adding more risk to losing positions and hope it turns into a winner.

[@congbalicong5723]

a few trade with opposite direction isn't martingale , keep learning bro

[@louisk6485]

@@congbalicong5723 randomly picking entries, adding to your losers in hopes the market will reverse and using your account as a stoploss is by definition martingale. keep learning yourself, bro

[@citychap888]

In this video Nick is able to be in drawdown from 8 trades in a row, because he is not risking a large lot size per trade. He knows the market will retrace back or close to the original first trade, and the newer trades act as the profitable trades to dampen the loss from the earlier trades. I have used this strategy and it works - BUT you have to get lot sizing right and also ensure you have some concept of reversals, otherwise the account will get blown!! .Great Video Nick! - thanks

[@lovelaugh7299]

Exactly. This can fck u up real good. I rather have some losses

[@rahulkadiyan22]

many times market would retrace but not enough for our position to be profitable or break even...this is more of a gamble and one would lose a lot of money in trending markets ....but in range bound market it might work

[@figh761]

apply this to NVDIA stock and you fucked up for the past 1 year

[@MillixFX]

In short, he appears to be using a Martingale strategy, with which I have personal experience through my trading bot. While it's true that this strategy carries inherent risks, it can also be profitable under certain conditions. A well-funded account and proper risk management techniques, such as using smaller position sizes, can mitigate those risks. For instance, my bot can handle extended drawdowns and exploit retracements. which makes the strategy worth using.

[@andysilvy23]

@@figh761 only go long tech on corrections and add on pullbacks 100% win rate

[@franktey8408]

worst strategy ever told. it will blow every single account, just a matter of time. Most of the EA are doing the same thing, none ever work

[@Edbrad]

It sounds like a great strategy if you actually do some basic TA. Just getting out of a bad trade at break even is a win, because then your wins don’t get destroyed. Imagine making only 10% of what you aim to make, but you don’t have ANY losses consistently every time. Then you can keep compounding it very safely. Then you could in theory just trade more and keep increasing the general wins and zero losses. This means you make more money faster. As far as I see it, the ideal trading strategy for me is one which is one so repeatable in any market in as low timeframes as possible that is so simple you could get a bot to do it. The key being that the win rate/loss percentage is so low that it can just be left to keep compounding, and turned up to trade as much as possible on as low a time frame as possible. It’s actually pretty easy to trade on the monthly. Like buying Tesla’s bottom was pretty obvious. Buying Bitcoins bottom was very obvious. Selling the top is harder as price doesn’t usually hang around there as long and you end up with excited spikey wicks. But a bot that only trades so rarely, or even if it’s monitoring the whole market looking for these signals it still has to stay in the trade for a long time is pretty much a part time trading strategy.

[@GuillRickard]

There's a few problems with this: #1 you can get stuck in a position for so long that breaking even isn't even worth it anymore. I'd rather lose a bit of money and then enter new trades than staying in a trade for multiple hours just to break even. #2 you automatically lose if there's a downtrending day. And the losses will vastly outweigh the wins. #3 because you expect to keep adding to your losing positions, the amount of money you put in your initial position is very limited, which greatly reduces profits. #4 the fact that you need to use the whole account as your stop loss means you'll never be able to trade with a significant amount of money, so the strategy doesn't scale up well

[@emiliakarel4829]

yes this is higher level of gambling bulshit

[@kamranmoazzamansari7289]

i tried the thing in the vid, a down trend caught me, and then i should have stopped my losses but i kinda got greedy and even increased my funds to avoid liquidation... but liquidation happened and i lost it all... Should have just tolerated a loss... This works in volatile markets tho... it really does.. but you have to be very weary of risk management

[@jonathanlee5185]

👍Thanks. Agreed. I journalled my last 30 losing-trades (on demo) : 29 of them retraced to my entry within 4 days , max, proving I closed too early 👍

[@elvisnj]

I close too early too, before it reaches my TP

[@BLUE-uy3fb]

Interesting how much account fund u did it with

[@starlordyt6151]

which ticker you're trading on?

[@Willywillscheng]

Trading has been rather rewarding to me and I've learned that getting a good roi is very much attainable if you know your way around it.

[@Vikturneer]

What's the secret behind your success? I can tell you that not everyone is as lucky as you are.

[@Willywillscheng]

It’s not rocket science. Jonas Herman, a certified trade analyst is the brain behind my success. I've gotten into a plethora of assets with $5k spread across fx & stocks (options and futures) for the short term and, index funds, and ETFs. Now with over 21k, I sit back and just reinvest at intervals while I focus on my career and family.

[@Freddylone]

I’m new to trading and haven't made any progress. At this point, I wouldn’t mind using experienced hands while I focus on other things. Can he help me?

[@Willywillscheng]

Hermanw jonas that’s his gmail okay

[@Freddylone]

Thank you for the lead. I mailed him. Did my due diligence on him before we scheduled a chat. Also, brilliant resume I must say! I intend on getting started right away.

[@sbkr4906]

your method is called averaging down if you are long or averaging up is you are short. Averaging down /up will not always work. See the the ARK Capital by Cathie Wood. She did the same, averaging down until bust, hopping for reversal, she did not had a change to brake even like you did and close the position. Your brake even on a large position averaged by multiple buy/sell may not come until you run out of funds. There is a say that if you try to catch a falling knife you will be cut.

[@congbalicong5723]

no, he open trades with opposite direction, watch the video carefully second by second , each trade will determine the other trade untill the loss trade turn into profit

[@changemylife0]

Best video on risk management and backtesting i have seen so far. NO BS just facts. Thank you Nick

[@chrislandry4573]

Also one thing to add, for those who tried to add to winning positions and cut loses early and for whatever reason hasnt found success.. this way of managing positions can be a great alternative.

[@youtub203]

Unbelievable! I thought was the only one to trade this way. In two weeks im up over 140% with my paper account. I traded nearly a year in 2016 and just got back into it. I keep everything simple and manage my risk. Every now and i get an alert for too many trades but i had no losing days and making thousands every day this second week. Great minds think alike.

[@muhannadabu-omer3728]

based on what u put ur alram bro ?

[@johngalt3139]

Why would someone bother making youtube videos and selling trading courses if they're making millions in the markets? 🤔

[@Fortunefellas]

That’s a silly question. To make more money. 🙄 Only poor people think this way. A KZbin channel is easy to create. If you have a following and can also teach what you know, why wouldn’t you want to do that and create more revenue? My question would be, why would any successful person not want to start a channel and start teaching. Jay Z makes millions of dollars off his rap music. That’s like saying why would jayz want to own a club, a cologne, restaurants, clothing, Realastate and art since he is a successful rapper? To create more revenue. Timberland is a very rich producer. He as well teaches a master beat making class. Stop thinking in the poverty consciousness mind. Start thing prosperity consciousness. 😉

[@johngalt3139]

@@Fortunefellas Hey Nick! 👋🏻

[@srose5586]

Silly question

[@MJKuLtraa]

I think u meant to comment this on ICP's channel 😅

[@arickpriestley2209]

Taxes

[@jevillanueva7.trade7]

The day you released this video I opened up a $50K account with Apex and started trading only 2 micro NQ contracts. I did exactly what you said here. It worked. I then bought 2 more $50K accounts and did the same. Now I have 3 funded accounts producing about $350/day each. I have 2 more eval accounts that I will likely pass this week too. Of course, like you mentioned, a day will come when it doesn't work, but I will be taking $2000 out each week to make sure I lock in personal profits. I just qualified for my first payout of $4000. Thanks Nick!

[@NickShawnFX]

Dude, this is wild, thanks for sharing.

[@hughreilly1742]

Good job. Could you explain a bit more please, I watched the video but not sure where I can get a funded account

[@IsThisHowUDoThat]

Can i ask what your trading mostly? Metals, forex? Crypto?

[@osuntuyiemilos5803]

​@@IsThisHowUDoThatApex is a prop form for Futures, basically you're trading Nasdaq, S&P

[@tradeAI_Wizard]

This strategy relies on sustaining draw downs until you are in profit right? Hard to see this working with prop firms with smallish DD% before they close the challenge/funded account. How are you getting around this?

[@globaltraders1338]

Ive definitely noticed if you oversize and use your full account size and the trend never shifts it never will let your averaged down options expire itm it will at some point, if youve given your self time till expiration balance itself into the green again usually. But more than likely averaging down over and over closer to break even will blow your account everytime in options if you dont go out 4-6 weeks and wait for a clear set up. Anytime you hold options thet will gap a stock down or up and vlow your account by trapping you in otm options

[@Homesteading-A-Z]

Trading is all about Money Management and risk management. Riosking 1-2% of your capital you can easily manage these trades.

[@pkfit445]

my money management his having a US brokerage account with max 50 leverage ..There ya go..money management problem solved!

[@poisonza]

This doesnt work for strongly trending market like btc... for forex it might work idk

[@leemelvin6514]

if its trending then just buy in the direction of the trend. no need to hedge lol

[@BrandonDrives]

Depends on your sizing? You might be right, tho. might be why he's showing FX examples as its more mean reverting it seems? Who knows

[@stevensteven3417]

trending markets are the easiest to trade, why would you want to make it harder as it already is.

[@financialawareness1678]

You just add buys on dips! Since it’s trending you don’t even have to worry about counter trend

[@leonardngseepin3232]

He was trying to show that with correct position sizing and risk management, even random trading in this example can make us money. So for strong trending stocks, just trade with the trend and imagine the profits you will be reaping. Of course, never be greedy. Do take appropriate profit along the way if you have a plan on how to trail profit, milking the cow. We will never know when a crash is coming.

[@Shurredz]

Like a manual grid strategy, love it. Going to demo this Low stress strategy , just need patience and proper sizing

[@kingjackoff6708]

how did your demo go?

[@mykolaskumpis2041]

how did the demo go bro respond don't blueball us

[@dhruvil2005]

+1

[@Shurredz]

@@kingjackoff6708 I’m up 7% for March

[@Shurredz]

@@mykolaskumpis2041 up about 7% for March as of first week into April

[@ribeye1062]

I’ve been trading like this since 2015. I realized early on that this process will blow out the account 1 out of every 7 times. So I’ve optimized the process many times. From open trade to close trade I win close to 100% of the time.

[@markohodzic2655]

Hello, do you trade specific pairs or all pairs and do you withdraw money after you grow one account to 100% or you withdraw after for example 10% or 20%... Thank you

[@teuteu13]

A question if you have 4 different account. Do you trade the same pairs on each account or no? Do you trade the 4 account in the same direction or no?. Do you open the trade at the same time on the fourth account or no?

[@seranity3686]

How do you counter if it keeps pushing down? Only so many times you can enter again with leverage. I back tested and a couple times it’d go for months

[@elmazielmazi6203]

thats when you are truly fucked. thats why you only do it with like 50 dollars a time if you just starting out. because you will eventually lose no matter what.

[@memes_by_paschal]

You counter it by entering an inverse trade with a lot size that's like 5 times the size of your original position. Eg: If you open 3 buy orders with 0.01 lot size and the market keeps going down against you, then open a fourth order with lot size of 0.1, and that order will be SELL not BUY, so if it breaks that hedge, you start gaining in that direction and that will neutralize the losses on the initial orders you have opened. The worst that can happen in this scenario is that the market hits your SELL order and retraces back immediately and that would be a nightmare. Cos the SELL loss would drag your equity down and the losses will be 5 times bigger than the original BUY order losses you opened before... but it's not trading if there isn't any risk. right? That's why you need to at least know where the market is going generally so as to reduce the risk of this nightmare happening to the barest minimum.

[@anynamez7048]

@@memes_by_paschal Ok thats actually a great way to counter it. Of course theres risk involved still but like you say, its trading! Have you had success since with this method bro?

[@rayraman3243]

You probably won't admit to it, but you are a genius! That does not mean we are going use that as an excuse to trade poorly - just want to say thank you for sharing your insights and teaching us to be profitable!

[@DomBergy]

So far your best vid ! Wow, tkx Nick , simple simple simple.

[@stevehalljr]

I agree. I’ve been so frustrated lately and Nick shows up in my feed. The universe is blessing me 😊

[@Al_83_]

Don’t fall for grifters! This guy is clueless and if it were „simple“, every trader with a little brain would constantly win and beat the market. For someone to win there has to be a loser in a market. As long as you find this guys crap reasonable that loser is you and the professionals take your money

[@Saywhatohno]

What about commission and margin loan interest?? on IBKR i think margin loans are very expensive so if I hold positions for months then there is interest involved?

[@SRBG6]

Most important point before you start trading is the "Position Size". Start with a small size so that you can dca on the way up or down. Ultimately u either profit or break even.

[@offTurbo]

So how does this work on a smaller timeframe, those trades you were in were taking weeks at a time

[@MatrixSignals2K24]

Same thing but you wait less so the best is to do on 15 minutes

[@PaulMartin-fu5qg]

This is standard grid trading. You can set a bot up to do exactly this. It only works in ranging markets, as soon as the market runs your finished. I've tried it several times.

[@aryaan013]

This is only for currency trading(not for crypto or stocks)..only trade 3-5% of total balance for one trade...so you can take at least 20 drawdowns..in currency trading, price moves slowly at least for good currency pair eur/usd

[@Cryptonikolai]

@@aryaan013 why wont this work on crypto, i dont see why not

[@thetaeater]

So true! I do something like this but on daily and weekly but sell premium against it while I'm waiting for my delta to neutralize. Gold has really been testing my patients. On this other this style has been great with BTC lately. I might have to get back into fx where things just churn.

[@kwkarol]

IDK man, it seems like you're showing the best case scenario, when the trade reverses exactly to your entry point. There is no way most of those trades reverse back to your entry. Also, what is the point of holding onto the losing trades, hoping that the next time you add to it and it actually reverses you'd be at break even. At 9:11 mark you're saying in the runaway market the trade will usually retrace allowing you to exit at BE or in profit. It would have to retrace all the way back to your first entry for you to be at break even, not to mention in profit. With all due respect, I call BS

[@mehranmohammadi6338]

Bs meaning please?

[@Noticing-Enjoyer]

Whoosh, you totally missed the entire point. You are essentially saying, I don't like the strat or don't understand it so why don't you use stop loss? The whole point of the strategy is that you are risking rapid growth for extreme risk. You are risking whatever the account is to double it in less than 90 days. The nature of the strategy is high time frame and a bet the market will revert to the mean eventually when its going against you. you want some drawdown in reality because you are doubling your lot size after every market extension . You have no idea how powerful this is, about 10% of your portfolio should be in high risk stocks or investments and this is definitely going to be mine. This is the closest thing to an ATM Ive ever found.

[@memes_by_paschal]

Hey bro, I tried this and stacked it up against the best forex signals and strategies out there and this style still outranks them all by a mile. And this is how to reduce your risk and win instead of calling BS: 1. Don't try this during any news event. 2. Don't try this on volatile pairs like XAU/USD. 3. Check the overall trend of the market in the 15 min timeframe so you know whether to buy or sell. 4. Add those layer positions before the market goes against you and evenly space them out. I do 30pips per position. 5. Don't be greedy. If the trade is taking too long and you run into small profit, you can close everything and set up again. The market doesn't need to hit your entry point before you make profit. 6. Don't lose your sh*t while the market moves. Trust me, if you follow these 6 things, you will HARDLY lose.

[@fpstina]

this "clicked" my brain. thank you, its essentially a kind of martingale strategy but with more risk control and without min/max limits which makes me think this is completely doable as long as your respect the required bankroll, leverage, margin %, etc.... thank you for planting the seed.

[@ksplinter007]

This is the most amazing thing I've seen... The obvious logic is amazing. Can't wait to try this on Monday thanks for sharing.

[@vincentstewart1843]

PLEASE ADVISE . I was told to spread my savings across different things like stocks and bonds to protect and support my retirement.with everything being shaky,I'm considering going into Trade.?

[@engrfelix...G]

I always advice new members to have an orientation on how it works before getting involved. Trade offers more benefits than just holding.

[@engrfelix...G]

Kate Floretta Face book

[@engrfelix...G]

She Trade for Celebrities and super stars you know & could Mentor you.

[@janejane386]

you must have these things in mind 1. Have a long term mindset. 2. Be willing to take *risk*. 3. Be careful, if you're not spending to earn back, then stop spending. 4. Never claim to know - Ask questions and it's best you work with an assistant.

[@Mayor1248]

The wisest thought that is in everyone's minds today is to invest in different income flows that do not depend on the government, especially with the current economic crisis around the world. This is still a good time to invest in gold, silver and digital currencies (BTC, ETH. stock,silver and gold)

[@answerth]

Video should be called "how to dollar cost average and martingale gamble with your account" haha. Enjoyed it but not sure I'll implement it

[@simonov_spas]

Finally someone actually understands it...I thought it was all mental sheep trading demos 😂

[@gorv1968]

DCA yes, martingale no. Martingale would imply increasing your unit size by 2x for every time you think you should add this way as soon as the trade turns positive it is break even without pulling back to other levels.

[@simonov_spas]

​@@gorv1968true, to be precise. Anyways, this is a very very doomed way to try and trade unless your positions are so small, that it would not make a difference. If you increase size, you risk margin call upon numerous additions. Granted, the idea that all trades come back to entry is lucrative, but this is something hedge funds can afford. A small retail trader trying to grow an account adding to losers is a sure-fire way of getting to 0.

[@tonywatts1727]

It will all end in tears.

[@InnerCircleTesla]

this actually makes sense as a person who has been trader for 5 years thank you Nick

[@kamilnakonieczny9242]

no its not. You could do the same with a roulette, just bet on red /black and add money if youre wrong, is has nothign to do with trading

[@DeepSran68]

@@kamilnakonieczny9242so you mean this strategy is just nothing? M really interested in it ? What are your opinions

[@HotBlitz]

I tried roulette. You can bet on red or black but what if it falls on 0? You lose everything

[@kamilnakonieczny9242]

@@HotBlitzthe 0 is just the edge That the Casino has over you on a Long run

[@santiagogomez4828]

How do you manage account margin? If im putting so much money on losing trades wouldnt i eventually run out of margin and get liquidated?

[@furqanshafiq9017]

Guys You might think by this strategy you’re not betting on anything and it’s completely random. But there is still one thing involved and it’s volatility. The higher the volatility of an instrument the more chances of you being in profit.

[@yarzombass]

I was testing it yesterday and YES it works, but your mind game needs to be on world class level! You’ll wake up every day for a week ie looking at your account with growing red value and you know it’s a good spot to add even more. But you have to be strong mentally to do so! I might give it a go with some small amount.

[@cman5461]

Try it on the lower TF's. You'll have your outcome by the end of the day

[@yarzombass]

@@cman5461 On the lower TF moves are too big I've noticed. It could be a game over.

[@DeepSran68]

What do you mean by TF??

[@cman5461]

@@DeepSran68 time frames

[@El3ctr0d1a]

Mb w shd wrt al th tm wrds in short forms 😂😂😂

[@gc.trading]

Hello Nick, thanks for sharing. I have been doing the same as you for quite some time and yes, risk management is the turning point for me. I even developed an EA to do the trade for me.

[@stanlystanly9964]

OMG...i thought i was the only one whos "crazy" to trade like this! I have my twin soul now😂 That works- period!

[@saurabhjathar6211]

Your video turned my trading 360°. Had huge loss at the beginning of April. By today i have recovered losses and today alone made first jackpot profit of my life. Thanks a lot.❤

[@scottseablom6659]

This is what i do but i have blown up apex evals too many to count , so i am not managing risk proper and if you have 2500 to 5000 draw down how should you manage this ?

[@cappuccinoswiss]

much smaller positions

[@frztrading]

Looks like a nice DCA strategy. TFS!

[@TheEmanus1947]

i think this is the best strategy i ever heard, i will give it a try soon.

[@EquipmentReviewer]

It works. I do it

[@piotrmajewski5978]

Only problem if you hit supertrend in opposite direction, so it blows your account before reverse. Otherwise it's just pure probability and market psychology. Cause it always bounces at some point.

[@alita123csi]

Thats why he says that he uses a small account

[@niteshmurti]

Haha I love this! “So unfortunately, it was another winning trade.” 🤣🤣

[@ce8539]

Id love to try this with a prop firm but unfortunately u cant hold overnight, so i dont think itd work with prop firms

[@krist6074]

I’m very happy to have come across your video! I did something very similar a year ago, and turned 7K into 30K in just 6 weeks! However, as you can probably guess, I blew the whole thing! Couldn’t really quite figure out how to do it again, since I just lost account after account ever since. However, after watching this, I think it’s all got to do with POSITION SIZE. Just as you mentioned several times; size accordingly and manage risk! Thank you for this video! I’m going to backtest this and let you know in a few weeks! I typically focus on overextended moves then go for the reversal. (Especially overextended down moves in FX then go long)

[@Madbandworld]

Any news?

[@KrissHermusReiningHorsesPlus]

@@Madbandworld still backtesting, but great results so far. Trying to blow a 2K demo account, but it’s currently sitting on $8300

[@Michael-im5mq]

@@KrissHermusReiningHorsesPlus Does your backtesting factor in trading fee?

[@barbiedollfx729]

The day you go aggressive you blow the account

[@krist6074]

@@Michael-im5mq yes

[@evoxtournaments3066]

The Only guy who has some idea of the markets ❤

[@newsdropz5361]

How about getting out of the account quicker? So there's less chance/time to blow the profits? For example if starting cap. is 50K - then transfering out 10K at 60K, and starting again with 50K? Thoughts?

[@technicalgrowth2767]

That'll work

[@Noticing-Enjoyer]

Also you should take profit between 4-6% 1 hour or 30 min chart. 3 trades a week and will almost double in a month. Pretty powerful if you can be mentally prepared to lose the entire account.

[@jetsparktrade]

I never thought to find someone that uses the same strategy as me, the difference is just i do it on 5m and mostly close it in a few hours, but what you forgot to say is that this works best on high volatility market some assets needs many positions some will be profitable in no more than 3 times

[@KimmyTheDarkTrader]

I have been using this strategy for many years and IMHO, this is the only way working in trading. This video explains over-simplistic of the strategy. When you get into advance with it, you can optimise with an average IV, run it with Monte Carlo and get the Delta position sizing.

[@johannesbrahms2513]

What is the point of adding a new position at the point where I lost the first trade? Considering 50% - 50% win probability of the following trade, I can also close this one, simply because it is losing and starting a completely different trade / different asset where the chances of winning are equally good i.e. 50% / 50%. Summarized - why not leave the losing trade and start a different one?

[@careerdog]

The method assumes natural retracement, but it does not identify a specific retracement level (unlike fibonacci levels). But adding to the losing trade allows you in theory a better chance to recoup the original losing position thereby breaking even. There are lots of interesting dynamics here. Stochastics are likely to fill these positions at break even at some point in time. But there are some other risks - time. When is the capital needed? Long uptrends with higher lows or long down trends with lower lows. To succeed in those scenarios you might zero out capital….however those stocks and market dynamics are rare. Benefits: no premiums. Simple system. Drawback: opportunity cost, capital gains, no leverage, this system would work well with stocks like tesla and probably less well with low volatility stocks since volatility would help with percentage gains. It would also fail completely in black swans completely along with extended corrections, however because he keeps the risk pool small, it limits exposure. Heck, this would be a great pyramid/madoff scheme…. As long as market stayed predictable.

[@iamnaudar]

Despite the risk of being shadow banned for saying so: This is insanely stupid. " Roll the dice. If you get 1 to 5, you earn $10, but if you get 6, you give me $50 minus the premium for placing the bet ". I can't understand how people think this is a legitimate way to make money in the long term. When a strategy is widely known and used, it doesn't and can't work. Those who don't know say, those who know don't say. Avoid get-rich-quick schemes at all costs. If it's too good to be true, it probably is.

[@gwcaliber4694]

Only comment I’ve liked so far

[@iamnaudar]

@@gwcaliber4694 it’s insane how nobody in the comments section talks about this

[@ChrisosIDK]

I'm with you. This guy is going to lose everything (eventually)

[@joshuahforrester1324]

he made it pretty clear at the start that you must manage your risk by systematically removing funds from your account so you dont lose it all. That's the key

[@iamnaudar]

@@joshuahforrester1324 No that's not the key

[@msbarkhadutta]

Thanks Nick, your information is encouraging and I appreciate how you have presented it. Very straight forward.

[@kmasciuk6754]

This is what i am Doing on BTC perpetual but i open long and Short at the same Time and TP on winning and adding to loosing one. 100$ in to 1000$ in a Week. Using 0,5% of my acc and adding.

[@deemad2180]

I wrote an EA and back tested this. Doesn't work. Always blows the account at least once perer month. Even added parameters for optimisation

[@trudnai]

It is similar to the roulette strategy where you double your bet every time you were wrong - except here you do not need to double it as you did not lose money until exit from the position. I can see it can work beautifully on a sideways market.

[@muzy8768]

imagine trading this with an edge. When you have something that works more than 50% of the time you can make crazy money. Ive tried this with backtesting with the same approach + my strategy that Im profitable on. Result was 16% gain in acc after one week in FOREX with fixed lot size. Maybe I will make a vid on it too.

[@pro100gamer_la2]

that's it, swipe for $350. wish me luck!

[@danielngandu8656]

The sad reality about FX trading is 98% of people on social media actually don't make money from trading, but from views, they just speak confidently about how they can help you make money from trading.

[@adtc]

How can we find the 2% and learn from the best?

[@skinny02]

Hi. I have a question. you said that a position size of 0.5 in an account of 50k$ is a very low size. But using which leverage? Because 0.5 lots should be 50k of GBP. Thanks

[@xionix4]

The main thing that's kept me from trying this with live funds is that saying "the market can remain in a trend longer than you can remain solvent." And, I /have/ thought about having a whole account be the risk management, but I just haven't /done/ it. So cool to witness it working. I love this chaos bending lol

[@AdejosephFX]

I wish everyone on KZbin is as honest as u are.

[@BestofLeagueClips]

DEYM I THOUGHT THIS IS CLICKBAIT BUT MAN, YOU ARE THE BEST SO FAR THAT I'VE SEEN IN THIS PLATFORM

[@KushTraderLLL]

Bro having trouble to breath

[@davidson2329]

I always have to think that it sounds like "that shit too easy for me"

[@lukepeeters5178]

i know, hope hes OK!!!

[@metalchips]

Nick has Tourette's that manifests as a cough. Sometimes he has to power through it.

[@davidson2329]

@@metalchips okay thats unfortunate

[@OMW2FYBITA]

​@@metalchipsI was wondering as well. Glad he's not more severely ill.

[@gtsaliba]

The success of this system depends if you do take profit at the right time even if you're eventually right

[@Bbyjugernaut]

What is this called ? Day trading?

[@isaiahmaragalla]

great video nick. appreciate that you gave out the secret

[@HouseOfQuiZzZz]

“It was another winning trade, i’m sorry “:))) I know perfect what u’r doing, Nick .. we are trading the same “random” strategy … and is working like … amazing . 4-5% a day… on a basis … “ I dont have to know what is going to happen in order to make money “… amazing powerful when you understand this . Take care of lot size and dont blow account on one trade , the market is taking care of you .. Stay safe !

[@hectorsherry585]

so did that final trade take 1 month to close

[@lewmaca]

1 month for a break even trade, its terrible

[@hectorsherry585]

yeah a lot of money must be tied up with waiting or being in a loss, in the end it works out but it’s like waiting for hope to happen, and the prefered outcome doesn't seem likely and it’s all downside. But it’s so interesting how he makes it work for him.@@lewmaca

[@jamiekoerber3011]

How big are your position sizes normally when trading this strategy?

[@TIKIWOLF]

Would a forex currency or such be less better to trade than naz or 500 perhaps, because less likely to breakout to new higerer highs or lows and therefore be safer to trade in a range? Also do you find this method works better with extended trading hours? Thanks Much for this!! 😃🙏🏻 Also

[@kento1957]

At 7:50, first you say that that the first position gets closed at a loss then you say that the whole sequence ends up break even, but it doesn't. Your first statement was correct--the sequence ends in a loss. Grid trading this way has been around for decades. Glad it's working for you.

[@Lunaloop92]

No its break even 50% is loss snd 50% is win so its break even

[@kwkarol]

Exactly. At 9:11 he says the trade would usually retrace and end up in profit. That's total BS

[@morrisvu2772]

@@kwkarol Agreed. While the chance to finally get the trade right is higher as you open a new position (b/c the swing stock will eventually turn around), recouping the whole unrealized loss is unlikely unless the last positions have the power to gain faster. What if using leap options? Options can reduce the size of each position but each small position can also spring the gain 2-3x of its amt. This can help to recoup the total loss even way before the underlying retrace 100% to where you start.

[@praisethelord8750]

Hey Nick, I really hope that you n your loved ones are doing good n everything. I love you bro and am very appreciative of everything you've helped me out with, thank you Sr.

[@PaPaWizdom]

Yuppers. I'm middle age now, used to trade in the 90s and lost money (thank u scum bag broker scams). When I would go to a casino I'd play a 1:1 card game essentially implementing this tactic to be able to play to break even or only slight losses or wins. I knew this was applicable to trading but never took the time to sit down and figure it out until the past year, and found your content verifying so many of my theories...which boils down...the big secret...to money management and a decent "feel" for what you're doing that comes with experience that anyone can learn with just a little confidence. It's a huge psychological, almost "spiritual" (as some might say) life game. It will also challenge anyone stuck in poverty consciousness...giving them a potential out to being poor and having a quality of life for the first time. I've been poor most of my life until recently. Huge cheers Nick, just love your content.

[@reyaidhi]

"i can make money even when i am wrong" 🔥

[@arteng7239]

The point is considering a right portion of the asset to add the position each time. It may be very small to trade with,but it is a slowly steadily way!