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 :)
@tusktooth41228 ай бұрын
only a thousand bucks a month guys!
@charlesblair19008 ай бұрын
reply to this message if you want help with your cough.
@benbraceletspurple91088 ай бұрын
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.
@bryanharrison38898 ай бұрын
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."
@steelslingshot8 ай бұрын
knowing when you're trading in a sideways market is still an edge
@索蘭婭8 ай бұрын
Never have I thought I would hear the words “unfortunately that was a winning trade” 😂
@MikeLGMFX7 ай бұрын
@bikemike11187 ай бұрын
That’s probably because you‘ve NEVER heard such BS before! Remember: the constant coughing is a sign for lying..
@goldtraderzayn7 ай бұрын
@@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.kegels51987 ай бұрын
This is sooo funny that it cheers up the entire video. haha
@theeinnergee6 ай бұрын
His attitude is refreshing!
@israelbayode68888 ай бұрын
"Unfortunately, it's another winning trade"! Absolutely phenomenal.
@mindsquall3 ай бұрын
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.
@baohuynh55512 ай бұрын
@@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
@bengualaАй бұрын
@@mindsquallIt’s called setting price alerts 😳
@ismabeatz2715Ай бұрын
@@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
@arjaylagadia69Ай бұрын
he is not a crazy gambler, the if you are listening at the very beginning the whole account is the stop loss.
@alien-9118 ай бұрын
To be real, that random generator trades better than 99% of traders😂😂
@richiewillie2us8 ай бұрын
@alien-911 I was thinking the same thing lol
@astrogumbo8 ай бұрын
@@richiewillie2us hahahaha. damn son....im still watching the video
@rdtradecraft8 ай бұрын
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.
@biggodkenab8 ай бұрын
Fr😂
@alien-9118 ай бұрын
@@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
@joproperties64838 ай бұрын
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.
@pirds1020107 ай бұрын
why don't people use bots if they make money for you for free?
@stefanstrecker-nlp6 ай бұрын
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 ;).
@dupersuper10006 ай бұрын
@@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.
@furqanawan71704 ай бұрын
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
@mzwamadodafongqo38143 ай бұрын
@@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.
@silverechohawk53158 ай бұрын
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-ru1ue7 ай бұрын
Absolutely this.
@nickpage91384 ай бұрын
Hi bud, I guess your busy, but do you know of any other place I can learn more about this?
@simonosborn11258 ай бұрын
“So unfortunately it was another winning trade”. 🤣😂
@astrogumbo8 ай бұрын
you caught dat too haha
@CuzOfLove8 ай бұрын
Lol 😅
@Rob_otic8 ай бұрын
I was about to quote this same thing, LOL.
@RT-tq4zr8 ай бұрын
😆
@user-lg1cv7pc9r8 ай бұрын
rofl
@facedust078 ай бұрын
the constant coughing gets me
@fka.climate8 ай бұрын
Of little concern for what we’re getting.
@TheJuice928 ай бұрын
i have the same problem, believe its an OCD thing but thats not based on diagnosis so take it with a grain of salt.
@TheEsseff8 ай бұрын
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.
@AlvaroLayossa8 ай бұрын
me too, and he dont explain why is coffin
@zetro88708 ай бұрын
@@TheEsseffbro☠️☠️
@jeffbee60908 ай бұрын
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.
@odedechurchill28238 ай бұрын
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
@barbiedollfx7298 ай бұрын
Exactly...it's all about patience and faith
@NasifJameel8 ай бұрын
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 🙏
@heyjude21094 ай бұрын
Just goes to show there is no need for fancy indicators on any charts to earn a profit in the financial markets.
@mazenezou2 ай бұрын
It's called DCA, i blew up my account x3 using this method,
@post5230Ай бұрын
Its not a method, its a way of life...
@ShelleyfromCali4 ай бұрын
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
@FirstIdrinkCoffee4 ай бұрын
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?
@philcrowley0074 ай бұрын
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
@henrymitchell97174 ай бұрын
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
@ShelleyfromCali4 ай бұрын
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.
@barbborstein76404 ай бұрын
@@ShelleyfromCali Go girl! What’s your strat???
@ericmiller77498 ай бұрын
I had to watch this 3 times before understanding how easy this is. it makes complete sense.
@bluecafe5098 ай бұрын
Did you catch his cough?
@enditakamweneshe64288 ай бұрын
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.
@notdan9958 ай бұрын
@@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_11118 ай бұрын
@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.
@distaste89948 ай бұрын
@@notdan995bro im ded 😂
@rayraman32438 ай бұрын
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!
@Ahmed-tu3ms4 ай бұрын
The cough is the reason i’m still watching
@FontanaForex8 ай бұрын
Thanks for posting this! Got to teach people that so much info out there is bs and just peoples emotions. I used to think i was crazy when i found out that they only make people think its okay to put SL and TP is because thats what the markets track lol. Thanks again brother and wish you the best!
@Bryceredaja8 ай бұрын
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!
@kwkarol8 ай бұрын
So you're saying you're risking 20% to make 1%?
@TheWhippinpost8 ай бұрын
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.
@Bryceredaja8 ай бұрын
@@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
@TheWhippinpost8 ай бұрын
@@Bryceredaja 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.
@FxGaro8 ай бұрын
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
@citychap8888 ай бұрын
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
@lovelaugh72998 ай бұрын
Exactly. This can fck u up real good. I rather have some losses
@rahulkadiyan228 ай бұрын
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
@figh7618 ай бұрын
apply this to NVDIA stock and you fucked up for the past 1 year
@MillixFX8 ай бұрын
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.
@andysilvy238 ай бұрын
@@figh761 only go long tech on corrections and add on pullbacks 100% win rate
@DomBergy8 ай бұрын
So far your best vid ! Wow, tkx Nick , simple simple simple.
@stevehalljr8 ай бұрын
I agree. I’ve been so frustrated lately and Nick shows up in my feed. The universe is blessing me 😊
@Al_83_6 ай бұрын
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
@Mudcatlive8 ай бұрын
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
@delawareamy2 ай бұрын
This is what I’ve been doing as well, but couldn’t explain it either. Now, I think I can. 🙂
@jevillanueva7.trade77 ай бұрын
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!
@NickShawnFX7 ай бұрын
Dude, this is wild, thanks for sharing.
@hughreilly17426 ай бұрын
Good job. Could you explain a bit more please, I watched the video but not sure where I can get a funded account
@IsThisHowUDoThat6 ай бұрын
Can i ask what your trading mostly? Metals, forex? Crypto?
@SternenSeelen6 ай бұрын
What a review !! ♥ Congrats!!
@osuntuyiemilos58036 ай бұрын
@@IsThisHowUDoThatApex is a prop form for Futures, basically you're trading Nasdaq, S&P
@Brad2023Piez8 ай бұрын
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 🍻
@tamasgodinek41258 ай бұрын
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.
@Brad2023Piez8 ай бұрын
@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-vj4sq8 ай бұрын
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.
@BreakoutHunter8 ай бұрын
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.
@jdanyonsan19508 ай бұрын
@@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.
@jonathanlee51858 ай бұрын
👍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 👍
@elvisnj8 ай бұрын
I close too early too, before it reaches my TP
@BLUE-uy3fb8 ай бұрын
Interesting how much account fund u did it with
@starlordyt61518 ай бұрын
which ticker you're trading on?
@jabariaustin99828 ай бұрын
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.
@Lunaloop928 ай бұрын
Depends on your timeframe. If you only on Daily then it doesn’t matter if nfps news happens
@MikeontheWay8 ай бұрын
You don't like trading the ninja? I'll hedge USD/JPY against GBP/USD with a correlation strategy.
@shimizu678 ай бұрын
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.
@didymario8 ай бұрын
Great advice bro. Add EurGBP to that list. When any of these pairs are in a range, u can essentially print money.
@Tradingisgood4 ай бұрын
So the lesson is” feel free to gamble your position by adding again and again to a losing position
@ajirinath43903 ай бұрын
to a losing position hmm not idea
@jayviz3 ай бұрын
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_smiles3 ай бұрын
@@jayviz the point is here you are 50% winner
@jayviz3 ай бұрын
@@golden_smiles try it and see.
@3K3M33 күн бұрын
@@jayviz you cant lose!
@answerth8 ай бұрын
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_spas8 ай бұрын
Finally someone actually understands it...I thought it was all mental sheep trading demos 😂
@gorv19687 ай бұрын
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_spas7 ай бұрын
@@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.
@tonywatts17277 ай бұрын
It will all end in tears.
@DanEmmons4 ай бұрын
Martingaling: nothing new under the sun, but people keep blowing up from it.
@samuelsamuel91763 ай бұрын
This is not martingaling opening opposite trade is what is martingling
@srdjanmiljkovic19083 ай бұрын
@@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 :)
@louisk64852 ай бұрын
@@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.
@congbalicong57232 ай бұрын
a few trade with opposite direction isn't martingale , keep learning bro
@louisk64852 ай бұрын
@@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
@InnerCircleTesla8 ай бұрын
this actually makes sense as a person who has been trader for 5 years thank you Nick
@kamilnakonieczny92428 ай бұрын
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
@DeepSran688 ай бұрын
@@kamilnakonieczny9242so you mean this strategy is just nothing? M really interested in it ? What are your opinions
@HotBlitz8 ай бұрын
I tried roulette. You can bet on red or black but what if it falls on 0? You lose everything
@kamilnakonieczny92428 ай бұрын
@@HotBlitzthe 0 is just the edge That the Casino has over you on a Long run
@shimizu678 ай бұрын
Tried this morning, 15 minute chart, paper trading, EURJPY. Sampled small, suddenly started diving and never came back. Was stuck in 10 positions.
@Lunaloop928 ай бұрын
Higher timeframe, less positions
@shimizu678 ай бұрын
@@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.
@Lunaloop928 ай бұрын
@@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
@Lunaloop928 ай бұрын
@@shimizu67yes thats right but profits should be high enough to Cover that
@shimizu678 ай бұрын
@@Lunaloop92 I'll keep backtesting until I eventually find the sweet spot, thanks.
@Willycheng5903 ай бұрын
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.
@Vikturneer3 ай бұрын
What's the secret behind your success? I can tell you that not everyone is as lucky as you are.
@Willycheng5903 ай бұрын
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.
@Sammytammy1923 ай бұрын
That's your view. In my experience, there is no such formula, it is nearly impossible to achieve success with trading. It’s all just gambling.
@Freddyyyy2663 ай бұрын
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?
@Willycheng5903 ай бұрын
Hermanw jonas that’s his gmail okay
@westra42Ай бұрын
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.
@ninomallardoАй бұрын
I heard her strategies are really good, How do I reach your Coach/mentor...
@westra42Ай бұрын
She mostly interacts on Telegrams, using the user-name.
@westra42Ай бұрын
@AldonaSabaniene.
@DanielSilva-cu9kiАй бұрын
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..
@BUBBELGUM-SA-WELKOMАй бұрын
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...
@BrigetGstarАй бұрын
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?
@NoahNollensАй бұрын
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.
@MesutMilleliriАй бұрын
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.
@AvelineOztasАй бұрын
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.
@MesutMilleliriАй бұрын
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.
@AvelineOztasАй бұрын
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
@daryazat80494 ай бұрын
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.
@Izaiah3332 ай бұрын
Sounds like u are risking WAY more than 2-3 % bro 😂
@chrislandry45738 ай бұрын
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.
@BestofLeagueClips8 ай бұрын
DEYM I THOUGHT THIS IS CLICKBAIT BUT MAN, YOU ARE THE BEST SO FAR THAT I'VE SEEN IN THIS PLATFORM
@jackdancer7098 ай бұрын
I was thinking about doing this last night and here we are today watching a video on it. Groovy man yeah.
@dogongdoging7 ай бұрын
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
@mandragoramoonАй бұрын
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.
@youtub2038 ай бұрын
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-omer3728Ай бұрын
based on what u put ur alram bro ?
@isaiahmaragalla8 ай бұрын
great video nick. appreciate that you gave out the secret
@reyaidhi4 ай бұрын
"i can make money even when i am wrong" 🔥
@fpstina5 ай бұрын
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.
@pauljames99158 ай бұрын
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-Enjoyer8 ай бұрын
Well said
@KeskusrikospoliisiАй бұрын
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.
@MarceauNarcisse28 күн бұрын
Facts this is the worst thing to do !
@dxixjs25 күн бұрын
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
@PhilipMM24 күн бұрын
Even he doesn't put everything on the line, he is using the 1 hour time frame seeking 1 to 1
@Libety22 күн бұрын
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.
@Libety22 күн бұрын
@@PhilipMM Im wondering if this works properly in other timeframes too or only on higher TF
@Homesteading-A-Z8 ай бұрын
Trading is all about Money Management and risk management. Riosking 1-2% of your capital you can easily manage these trades.
@pkfit4458 ай бұрын
my money management his having a US brokerage account with max 50 leverage ..There ya go..money management problem solved!
@aTexasMexican2.06 ай бұрын
FINALLY!!! NO BS JUST STRAIGHT LACED TRUTH! Thank you so much. Im a fan and im subbing!
@evoxtournaments30668 ай бұрын
The Only guy who has some idea of the markets ❤
@Shurredz8 ай бұрын
Like a manual grid strategy, love it. Going to demo this Low stress strategy , just need patience and proper sizing
@kingjackoff67088 ай бұрын
how did your demo go?
@mykolaskumpis20418 ай бұрын
how did the demo go bro respond don't blueball us
@dhruvil20058 ай бұрын
+1
@Shurredz8 ай бұрын
@@kingjackoff6708 I’m up 7% for March
@Shurredz8 ай бұрын
@@mykolaskumpis2041 up about 7% for March as of first week into April
@frztrading8 ай бұрын
Looks like a nice DCA strategy. TFS!
@krist60748 ай бұрын
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)
@Madbandworld8 ай бұрын
Any news?
@KrissHermus8 ай бұрын
@@Madbandworld still backtesting, but great results so far. Trying to blow a 2K demo account, but it’s currently sitting on $8300
@Michael-im5mq8 ай бұрын
@@KrissHermus Does your backtesting factor in trading fee?
@barbiedollfx7298 ай бұрын
The day you go aggressive you blow the account
@krist60748 ай бұрын
@@Michael-im5mq yes
@keosignitedigital8 ай бұрын
great man with great beard with great advise !
@iamnaudar7 ай бұрын
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.
@gwcaliber46947 ай бұрын
Only comment I’ve liked so far
@iamnaudar7 ай бұрын
@@gwcaliber4694 it’s insane how nobody in the comments section talks about this
@ChrisosIDKАй бұрын
I'm with you. This guy is going to lose everything (eventually)
@AdejosephFX8 ай бұрын
I wish everyone on KZbin is as honest as u are.
@davowood18 ай бұрын
Hope you’re ok bro. Been MIA since this video!
@seanras40468 ай бұрын
It means he probably made a ton of money and left or he lost everything and quit.
@HouseOfTrades8 ай бұрын
“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 !
@Maximus-R16 ай бұрын
Amazing! Makes perfect sense! Glad I found you! Thankyou. Definitely have a new follower
@samuelolugbenga48458 ай бұрын
Wow . This is one radical ,psychopathic approach to trading 😂😂 I love this ,im going to backtest this and see .. His takes a lot of balls to do . Thanks for sharing this
@niro568 ай бұрын
😂
@kento19578 ай бұрын
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.
@Lunaloop928 ай бұрын
No its break even 50% is loss snd 50% is win so its break even
@kwkarol8 ай бұрын
Exactly. At 9:11 he says the trade would usually retrace and end up in profit. That's total BS
@morrisvu27726 ай бұрын
@@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.
@msbarkhadutta8 ай бұрын
Thanks Nick, your information is encouraging and I appreciate how you have presented it. Very straight forward.
@PaPaWizdom8 ай бұрын
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.
@samerazarАй бұрын
Broo, thankkk uuuuuuu!!!! This is what I wanted to hear, instead of hours of courses and explanation!!!!
@sigberg33113 ай бұрын
Thank you Nick for this never found somewhere else approach. Really appreciate it..
@GuillRickard4 ай бұрын
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
@mikeshobbycorner8 ай бұрын
This is cool, more of this @nick you’re like an anchor of no BS in this crazy world of how to trade!
@praisethelord87508 ай бұрын
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.
@GN-cj5we4 ай бұрын
Thanks Nick, such a calm sober approach , to what could be a very emotional task. My only criticism is that the big profits you're seeing is in trading these 1 hour candles, and that likley these trades would be held over 2-4 days as your demoing in your back testing. in real time you'd be placing these positions and feeling the real time draw down for hours and questioning your decision... maybe that just me. Hard for me to stay as calm with this hedge betting like system as the concern of major loss would be running like spyware in the back of my mind as i go throughout the day and or I'd be constantly checking and nervously questioning my decision to go randomly in the market.
@tonys99826 ай бұрын
Best video I've seen on youtube in a long time! Glad i stumbled across it, well done mate. No BS approach, straight to real valid points and smart strategy, exactly what I'm aiming to do.
@gedeje54868 ай бұрын
You are simply the best ! Glad I found you !
@sbkr49064 ай бұрын
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.
@congbalicong57232 ай бұрын
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
@malcolmwhyte58568 ай бұрын
That was an absolutely fantastic example Thank You. Personally, as a new trader, I have tried to use this method and suffered my biggest losses resulting in loss and fear. I have now reduced my account balance to start again. Just today I was stopped out of a trade that went on to make new highs as I expected. I should have been in the money. I still lost earlier in the day. After reviewing how the markets work and watching this video, I'm ready to go and try again. I'm not a fan of stop losses. My position size just needs to be a bit more practical considering I could be wrong 7, 8, 9, 10 + times. More importantly are the timescales involved in these types of trades. It takes Days, Weeks, Months and NOT Seconds or Hours. Thank you. Wish me luck 🙂
@morrisvu27726 ай бұрын
You probably open following positions too soon. Wait a bit more between 2 trades and pick the stock that has the history of going up/down rather than 1 direction. Ex: RTX, AU.
@Ar7an1s6 ай бұрын
Nice! This is pure implementation of the expression "Be Fearful When Others Are Greedy and Greedy When Others Are Fearful" in a micro scale 😊 The only problem is the fees if you get unlucky in a row...
@UUntoldCanadaa5 ай бұрын
Never thought of adding positions this way, What a brilliant idea to manage the wrong buy/sell decisions in trading? No words to describe what a great value you added, Nick. Appreciated very much (y) .. liked it, subscribed it. Keep posting. Thank YOU.
@yarzombass8 ай бұрын
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.
@cman54618 ай бұрын
Try it on the lower TF's. You'll have your outcome by the end of the day
@yarzombass8 ай бұрын
@@cman5461 On the lower TF moves are too big I've noticed. It could be a game over.
@DeepSran688 ай бұрын
What do you mean by TF??
@cman54618 ай бұрын
@@DeepSran68 time frames
@El3ctr0d1a7 ай бұрын
Mb w shd wrt al th tm wrds in short forms 😂😂😂
@BillTrudelle8 ай бұрын
So you are doing a martingale? When do stop out?
@Silent_BobbАй бұрын
Stop is liquidation.
@lexies30Ай бұрын
It feels a bit like Martingale, but it's not really a Martingale because he starting second trades with the same bet. @@Silent_Bobb
@AryoKautsarTandjaya8 ай бұрын
I’m fast af boi, clicked the video as fast as I could once notification hit
@XiaoCrypto8 ай бұрын
ok
@MB-in2gr6 ай бұрын
You my friend, are possibly the coolest man on the planet, what a vid, what a description. I have friends allover the globe who have watched this and they all say well bloody done!!!!!!
@Criptotrend8 ай бұрын
Nick, one of the best videos i have seen. Thanks for sharing with us. I trade crypto and most of my trades are the same as you explained here. I too see that this is the only way to go on these markets today. Thanks again .
@ribeye10626 ай бұрын
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.
@markohodzic26556 ай бұрын
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
@muelli8 ай бұрын
Wow, Nick! This is quite clever. Actually this is grid trading which works quite well in ranging markets by profiting from the normal volatility. It doesn’t work well in trending markets because you always trade against the trend.
@Bob-tx7hv8 ай бұрын
and there are EAs that trade like this,you don't even have to do it manually
@Michael-im5mq8 ай бұрын
You really can't make a profit long term by grid trading because trading is a zero sum game and if you have no edge except guessing the direction of the market then you will only be right around 50% of the time. Without trading fees you would be breaking even long term. Once trading fees are added then you're actually losing money.
@braeden.kludass78277 ай бұрын
@@Michael-im5mq while that's true that you'll win 50% of the time. This strategy at least gives you a very high percentile of doubling your account prior to a trending market happening that blows an account given you size the initial position correctly. If position sizing is done correctly you can be in a drawdown of 8 trades going against you only for the market to shoot back to the start of the trend thus giving you at least breakeven when things go wrong from the start. The Forex Market is quite literally a rubber band
@destinyizoduwa67847 ай бұрын
Yeah but before the market starts to trend MASSIVELY you may have made a lot of profit if you manage your RISK properly. That's the message he's tryin to pass across.
@morrisvu27726 ай бұрын
@@Michael-im5mq he did say many times that stock tend to go up and down, and that and position size are the keys to this method. Well, some stocks tend to go 1 direction a lot longer than others, so you'll do a lot better if you pick the right one first. Hopefully you don't have to wait for more than 4 times before it turns around.
@PaulMartin-fu5qg6 ай бұрын
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.
@aryaan0136 ай бұрын
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
@Cryptonikolai6 ай бұрын
@@aryaan013 why wont this work on crypto, i dont see why not
@thetaeaterАй бұрын
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.
@timothydunlap6661Ай бұрын
Awesome video! Thanks for sharing! Took me some time to finally see this in the right way and get it figured out. Wouldn't have without you! Seriously thanks Nick!
@nax18077 ай бұрын
someone get this brother a glass of water jeez...
@franktey84087 ай бұрын
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
@Elijah-e6vАй бұрын
Thank you for recommending Sarah Jennine Davis on one of your videos. I reached out to her and investing with her has been amazing.
@anilhettiarachci8467Ай бұрын
Wow, congratulations on your impressive investment success! Your discipline and focus on delayed gratification is truly inspiring. I'm curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing? Thanks for sharing your story!
@สมรักษ์อินทร์ตา-ม7ฑАй бұрын
Do you mind sharing info on the adviser who assisted you? I'm 39 now and would love to grow my portfolio and plan my retirement
@Elijah-e6vАй бұрын
@@สมรักษ์อินทร์ตา-ม7ฑShe’s Sarah Jennine Davis
@NarongphoemkhunthodАй бұрын
@@Elijah-e6vHow do I access her ? I really need this
@Elijah-e6vАй бұрын
+156
@seranity36868 ай бұрын
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
@elmazielmazi62038 ай бұрын
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.
@wakawaka_comedian6 ай бұрын
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.
@anynamez70483 ай бұрын
@@wakawaka_comedian 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?
@pocoloco6034 ай бұрын
Thank to this! One of the best vid that I’ve watched, Simple but on point.
@GetUGoosebumps2 ай бұрын
super sympathetic guy! thanks for sharing this funny but still profitable strategy :)
@kwkarol8 ай бұрын
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
@mehranmohammadi63388 ай бұрын
Bs meaning please?
@Noticing-Enjoyer8 ай бұрын
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.
@wakawaka_comedian5 ай бұрын
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.
@piotrmajewski59788 ай бұрын
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.
@alita123csi7 ай бұрын
Thats why he says that he uses a small account
@poisonza8 ай бұрын
This doesnt work for strongly trending market like btc... for forex it might work idk
@leemelvin65148 ай бұрын
if its trending then just buy in the direction of the trend. no need to hedge lol
@BrandonDrives8 ай бұрын
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
@stevensteven34178 ай бұрын
trending markets are the easiest to trade, why would you want to make it harder as it already is.
@financialawareness16788 ай бұрын
You just add buys on dips! Since it’s trending you don’t even have to worry about counter trend
@leonardngseepin32328 ай бұрын
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.
@Shorts.........8 ай бұрын
Not sure if anyone pointed out but the beard game is on point 👌
@sheldonventer28498 ай бұрын
Unfortunately, its another win. im sorry! xD HAHAH You are by far the most honest trader youtuber I have ever seen! Well done I just got into trading, and the things I have seen to try and predict are insane. But this is amazing
@greedmarks74788 ай бұрын
You're golden goose Nick, not even a Goat at this point. Literally clicking some bs random direction buy/sell, printing money, vs 90% of forex "students" frying them brains trying to figure this sht out. Love that. I just wonder about one thing - many people now are trying to pass prop funds, there is 5% and 10% max. drawdowns, what would you say about sizing positions in such case?
@molta20238 ай бұрын
I'm curious about that too
@johnsnow4598 ай бұрын
Lowing the position sizing I guess. Nick strat is high risk high reward in prop you need to low risk low reward to cater max daily drawdown and blowing accounts. My 2cents.
@Lunaloop928 ай бұрын
I do a ftmo challenge right now with this strategy. Its a 160k account so daily drawdown is 8k max! You have to keep in mind never reach this 8k. So in my case 1% (1600) would be a little bit too much, I will risk like 0,5%, which means I will enter a second position after 800 in drawdown. It should go well long enough to pass this thing 😂 I trade on Daily timeframe btw so its a swing Account
@hihi6958 ай бұрын
@@Lunaloop92 what timeframe?
@Lunaloop928 ай бұрын
@@hihi695daily timeframe mostly. It works good on 1h too
@nostalium8 ай бұрын
Good luck blowing your accounts!
@acernova8 ай бұрын
So Gambling + risk management is now the secret to success :D No need to understand what you are doing. Nice. Good luck with your Video business
@QuanuMakeMeRich7 ай бұрын
This the video right here! I watched it like 2 weeks ago and I’m becoming profitable! Thank you so much! 🔥
@7stringst3r4 ай бұрын
Just watched only your intro and it is great. Respect
@francisonyige96184 ай бұрын
I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 80k in stocks and made about $246k,but guess what? I put it all back and traded again and now I am rounding up close to a million
@muhannadabu-omer3728Ай бұрын
which method did u use ?
@johngalt31398 ай бұрын
Why would someone bother making youtube videos and selling trading courses if they're making millions in the markets? 🤔
@Fortunefellas8 ай бұрын
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. 😉
@johngalt31398 ай бұрын
@@Fortunefellas Hey Nick! 👋🏻
@srose55868 ай бұрын
Silly question
@MJKuLtraa8 ай бұрын
I think u meant to comment this on ICP's channel 😅
@arickpriestley22097 ай бұрын
Taxes
@vincentstewart18437 ай бұрын
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.?
@maureen...7 ай бұрын
I always advice new members to have an orientation on how it works before getting involved. Trade offers more benefits than just holding.
@maureen...7 ай бұрын
Kate Floretta Face book
@maureen...7 ай бұрын
She Trade for Celebrities and super stars you know & could Mentor you.
@janejane3867 ай бұрын
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.
@Mayor12487 ай бұрын
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)
@palefire99886 ай бұрын
Honestly this was one of the best trading video/advice I have seen from anyone ever. Even millionaires couldn't compare.
@foryou13248 ай бұрын
This is freaking hilarious. I started trading crypto 2 weeks ago, with a very small account. At first I told myself i'd hold the trades unless they went like -50% down (which didnt happen). I'd always find some profit in every trade. Then I learnt about risk management. Most trades since were a losing trade which ended via stop loss, and if I waited 2-3 days the market would bounce back to where I'd initially set my take profit. I wondered what the hell, and started thinking the same way you are now. I'm not experienced, and I'm very skeptical, but maybe that's why I reached a very similar thought to you here. At this point I wouldn't say my thought process ended with a conclusion, like your multiple years experience have, but I'm definitely resonating with what you deliver here. Great video, I think I might adopt that particular mindset of the market bouncing back 90% of the time - this is an insane, and maybe overlooked aspect of the randomness of the market.
@vladonutueuАй бұрын
According to your logic, let us know when Bitcoin comes back again to $3000 level