It took me Over ten years of Trading, constantly losing money to realise ( then the aha moment came) that my Trading NEEDED a systematic approach. It's so Obvious, if we want to trade a profitable way, we need to beable to DUPLICATE the winning Strategy. My system is NOW Fixed like a post in Concrete. Unmovable! Great video my friend
@julienrobic60986 жыл бұрын
Honestly, this is one of the rare channels on youtube that offers true and vluable content on how to become a better trader. Thank you so much for your help Nicholas.
@veliem39354 жыл бұрын
Couldn't agree more..
@ciaoatutti46263 жыл бұрын
how is your trading going now ?
@raymonddauda2694 Жыл бұрын
You are teaching what no one is teaching. This is by far the most important video I watch about trading. This teaching is applicable to all kind of business. In my profession as a photographer, I have a fixed system that I followed. It's so simple that a complete newbie can follow and replicate my work almost exactly. An this is key that will help a newbie to be discipline. I love this video. Without it a newbie will be confused.
@nhabuoncophieu58862 жыл бұрын
This mentor doesn't hide anything. I was so lucky to see this video when I was just learning trading for 2 months.
@xxxxxxl86932 жыл бұрын
The best video and probably the only video out there that actually correctly explains what a trading system really is. If your're serious about trading do not take this information for granted. People pay thousands for this type of education.
@DataBasedTrader2 жыл бұрын
Thanks a lot! Thanks to this i realized that the weak point of my trading were my entry points, while my targets were kinda accurate, i was entering the market at weird awkward places
@jasonrunkel3003 жыл бұрын
This video is next level. Really helped me to organize my thoughts on developing a real tangible system that can be repeatable, efficient, and consistent. Great job man!
@KumarGauravism2 жыл бұрын
this is real trade talk without corrupting with entertainment first, information later strategy.
@bryanbessem2 жыл бұрын
Wow, I really needed to find this video. So many useless videos about how to become a good daytrader with none of them providing a framework of understanding to analyse. Thanks this way i can start building my system and strategy to become succesfull in trading
@mustafadayan20496 жыл бұрын
This is one of the best channels I found out on KZbin about Trading. Your video about system and strategy cleared my confusion about the topic. Thank you, Nicholas.
@markyen96266 жыл бұрын
This video clip should be in the introduction of every trading education dvd or book out there. There are many educators out there that emphasise on strategy but very few clearly differentiate systems from strategies and how to make them work together. You can also apply the same concepts with your trading psychology, trade journaling and even life in general (eg. finances, daily/weekly routine, fitness program & etc)
@markyen96266 жыл бұрын
Great video!!! This clip will weed out all the lazy/new market participants who are considering taking on trading as a new business, job, hobby, sport & etc. In fact it will make lazy people and people who think trading is easy think twice about how much work "behind the scenes" is required to become consistently profitable!!!
@gchatzis306 жыл бұрын
The most difficult thing is to build a system and I am talking about all aspects of our life (family, job, children, money etc). Nice video thanks.
@HarpreetSingh-kv6sb5 жыл бұрын
Read the book "the traders pendulum" by Jody Samuels. You will get some idea. Cheers
@NothingButStardust5 жыл бұрын
No joke! If your system involves a lot of time-consuming research, you may need the cooperation of your spouse or significant other.
@absoluttchamp6 жыл бұрын
My mind is so full of ideas these days and this video helped me sort some of them and start define my fixed process. If I can get that out of my way, I can start thinking about strategies and managing trades. Thank you!
@absoluttchamp6 жыл бұрын
When is part 2 coming?;)
@matias64494 жыл бұрын
jesus christ this was probably the most important trading video ever made, congratz man. subscribed
@reymondatienza84274 жыл бұрын
Thanks man! Now I have a clearer vision on how to build my system. I've been struggling to create one for how many months. But with your video, I now have an idea where to start. Cheers!
@vikasarsid12993 жыл бұрын
One of the best way of explaining trading I have ever seen, worth years of learning 💯
@Khryptic2 жыл бұрын
this was just what i needed, had some strong wins with glimmers of greatness and in trying to multiply chances lost it all trying to bite off more than i can chew.. Valuable content
@moreshhhm0neyyy9452 жыл бұрын
really great video!!!!! I love the fact you put emphasis at the beginning to explain the difference between a strategy and a system.
@gladnesssmile-gccmotivatio61205 жыл бұрын
This is the only Video which i feel it has opened up my mind,Thankyou
@mustafabaris96814 жыл бұрын
In order to be a consistently profitable trader, you must have these three elements all in alignment : 1-) System This is what’s being described in this video . 2-) State ( Your State Of Mind That Is ) If you are in a pissed off , angry , furious state , you won’t perform well .. 3-) Tools ( Your computer , your screens , the speed of your Internet connection. , your back-up Internet, your platform , ext .. In terms of percentages , how big of a role each plays , here they are : System 15 % State 80 % Tools 5 % Trading is a game of psychology guys .. Emotional resilience should be your main goal .. Only the toughest psychology wins in this game combined with experience .. You can have the best system in place , the best tools ever , but if you don’t manage your stage EVERY single day when you come to the trading desk and master emotional resilience when trades start going against you , you will always lose ...
@wildcard12106 жыл бұрын
Hands down! The best educational video about Trading.
@Yzjoshuwave5 жыл бұрын
The distinction between systems and strategies is articulated very clearly here. I think it would be really interesting to see examples of thoroughly developed systems. You alluded to the likelihood of having a much more deeply layered system than the generic version presented in the diagram. I'd be really interested to know what it looks like for you when its fully filled out. I'm brand new to this and am going to just watch a bunch of videos for awhile until I feel like I have a good map of all the steps and stages of developing a quality plan. I'll start paper trading at some point and try to figure out all the layers of rhythms and discrete action steps I need to attend to. I think it'll also be smart to build up a bunch of binary selections for strategy-variants in each of the steps, so I understand what I'm testing for and have distinct options for alternate methods. Another video said to document all trades that are made - I'm thinking that getting deep into the details of the steps (maybe sub-steps... sub-sub-steps, etc... deeply categorical) so they can be precisely refined and tested for efficacy.
@Sam-wd1ve5 жыл бұрын
love the vid, is there a part 2??
@dragoscostin60326 жыл бұрын
This video is just gold! Many thanks
@marvinrandolph40082 жыл бұрын
Great video Sir! You’re a great teacher! I am a Forex newbie. Your video helped me to understand the right approach I need to take.
@simonhuber6859 Жыл бұрын
Helped so much! Can't believe it!
@ajaythomas20092 жыл бұрын
Tank you so much. This is going to improve my trading by far
@eastvin52962 жыл бұрын
Agreed with your meaning of the differences. Thanks a lot for your helpful sharing.
@traderann2 жыл бұрын
This one video made me subscribe, wow! Thank you for this clarity
@intvidz51326 жыл бұрын
Very helpful. I hope part 2 comes real soon.
@tommygun76142 жыл бұрын
Thanks Nicholas. It was very Helpful.
@emtghorhay86676 жыл бұрын
CANT WAIT FOR PART 2!!!!
@NickyCsInnovators6 жыл бұрын
Can you speak more in depth about written "trading plans" as opposed to strategy; money management, quantifying personal strengths and weaknesses, and paying yourself. Do you use a flow chart of your trading plan? If so can you speak about the process of building something robust?
@CatherineGracey6 жыл бұрын
Does pulling at my hair and praying count as one step or two for the purpose of this exercise?
@And1Allstar086 жыл бұрын
Catherine Gracey step 1 AND 2 Catherine!
@josephnissenson32524 жыл бұрын
They're step 2. Smacking your desk and nervously sweating is step 1
@ciaoatutti46263 жыл бұрын
how is your trading now?
@peterpisar62566 жыл бұрын
Hello, I'd like to share my feedback (my opinion how I perceive your and especially this video) with you. You speak quite too much but I rather prefer this way because you really speak about the same thing even 2-4 times but each time from a little different angle with a little different words which really helps me to understand the topic without difficult searching additional information somewhere else. I really appreciate that you talk about how it is let's say in a real life for example you're not saying only to take an exercise but you encourage to do it properly to invest a time into it and also some suggestion about needed time amount. You summarize (at least partially) and emphasize what is most critical to do and I perceive that you point out to have realistic view (not optimistic not negative, just to really think about everything how it is). I really like your overall approach to explain things. I also like the way how you explain it, e.g. the kind of respectful voice. You are showing that you understand that it's very possible that there's too much information for us and for me, it seems that you really went through all of these struggles and it's great that you try to push us closer to more effective way. Thank you so much, in my opinion your explanation of trading (overall) is one of the best I found in youtube. I hope also this feedback help you at least a little bit to share even better videos with us. Take care. Peter
@Kumzeket_Music9 ай бұрын
Thank you for this enlightenment.
@ChitChatBFF2 жыл бұрын
Well this channel is a very informative rabbit hole
@donalmadden70192 жыл бұрын
Great vid. Just what I needed.
@mrmoebius2 жыл бұрын
I suggest to add reflection as the last step of the system to continually improve planning, execution and the strategies themselves.
@darrenflynn23222 жыл бұрын
I liked this video, it helped me solidify which elements make up my system and which make up my strategy. You said there would be a series of these videos or others going into more detail. Are there other videos relating to this same topic?
@lucianosantucci1083 жыл бұрын
You kind sir, are an excellent educator. 👍
@PedroPereira-uh1nx6 жыл бұрын
Awesome video! Can't wait for part 2
@narladude5 жыл бұрын
Love to see a part2
@ashrafadel34762 жыл бұрын
Thanks Nicolas for the valuable content and great advice, as always!
@unknownks92236 жыл бұрын
Thanks for this information bud, a lot of it is common sense but common sense isn't so common. Keep up with the videos
@zirkenkadu26364 жыл бұрын
I've been watching your videos and working hard, love your way of approach. I've made many mistakes as a beginner but now I wish to hone my own approaches and you are a great help. Just wanted to let u know how big a help you are 💪
@Duomoinitiative5 жыл бұрын
🔹 Get FREE access to the Duomo Trader Development Program: duomotrading.com/FreeDuomoTraining 🔹 Add us on Instagram: instagram.com/duomoinitiative/ 🔹 Our second channel for financial news and analysis: kzbin.info
@edgarz73304 жыл бұрын
This is glorious, I been tryin to find out about "reversal trading system" for a while now, and I think this has helped. Have you heard people talk about - Sonatthew Trading Tachypneic - (do a google search ) ? Ive heard some unbelievable things about it and my m8 got cool success with it.
@thapelotheodore722 жыл бұрын
Thanks alot Sir, you're honestly helpful🙏
@simonhuber6859 Жыл бұрын
Can I send you the What&Why setup when finished please? To get feedback?
@moisebunduki10903 жыл бұрын
Nothing but facts so glad I subscribed here 😊🔥
@nishwakarma32 жыл бұрын
Thanks for this quality Content
@Sufflyy6 жыл бұрын
Can you make a video showing us your trading history when you were making bank (gains/losses, what you learnt from them)?
@danybejera60276 жыл бұрын
Great Video man, you deserve a cookie ! :)
@patricksammut99473 жыл бұрын
Can I ask which market did/do you trade mainly?
@YuriRJRW6 жыл бұрын
When part 2 will be released?
@matic7686 жыл бұрын
Thank you for being a trully reliable source and helping me exeeding in my trading! Although i'm still learning on demo i am seeing consistency all becouse of your advices. Best luck to you!
@fullydetta58592 жыл бұрын
how has your forex journey been mate!?
@anselmmajanil1176 жыл бұрын
I really agree with what you have said. Very good example and will look forward on further explanation in details about this system and strategy you were talking about.
@andreabacchin86104 жыл бұрын
hello, awesome video that clarifies a lot. But where is the second part you were talking about?
@ptechapple5 жыл бұрын
Brilliant thanks again Nicholas.
@Duomoinitiative5 жыл бұрын
Cheers Chris, looks like you’re putting the time into learning. I hope your progress is going in the right direction!
@straja9935 жыл бұрын
@theduomoinitiative is Benjamin formula a trading system or is it something else?
@OAWbusiness6 жыл бұрын
Are we ever going to have the follow up to this, its my favourite vid
@Valentino-dn2ve6 жыл бұрын
wow thanks man this series will help a lot
@NR1BASS6 жыл бұрын
I love your channel and I love your video's. I think you're gonna be my number 1 mentor in trading
@TheJeekabs6 жыл бұрын
This is really helpful video! Thanks for sharing you knowledge! Waiting for second part :)
@obriangreaves10922 жыл бұрын
Wow, like actually wow, game changing knowledge people
@mihaiduma41793 жыл бұрын
I am consistently losing money, but I am consistent ! Love the video btw.
@Duomoinitiative3 жыл бұрын
That's the first step. Now it's time to optimise and figure out what can be tweaked or changed. - Nicholas
@malice1124 жыл бұрын
So would another good definition of a system be rules & checklists?
@maximpobihun54695 жыл бұрын
A system is a group of interacting or interrelated entities that form a unified whole (like a solar system, human body, society, network e.t.c). So, what did you described looks more like a strategy to me. What do you put as a strategy, looks more like a tactics to me.
@alertdaytrading52274 жыл бұрын
Great Video! Thank you!
@Duomoinitiative4 жыл бұрын
Thanks!
@NjeleMolStudios6 жыл бұрын
Please kindly do Part 2 of this series please
@WeHeartMC6 жыл бұрын
Yeah, would be good to see a part 2. Great Vids btw :)
@qu1sk5 жыл бұрын
that channel is wayyyy to underrated
@Duomoinitiative5 жыл бұрын
Thanks, I appreciate that! - Nicholas
@adogmcdizzle5 жыл бұрын
Would still like to see part 2!
@proGamer-sx6lx5 жыл бұрын
Awesome video! Is there a part 2? I cant seem to find it on your channel.
@Balanced--6 жыл бұрын
great video coach!
@swright21346 жыл бұрын
Another Great video, thank you
@isabelmorejoncastellano71256 жыл бұрын
Many procedures, which have different steps as a part of each procedure, and all the procedures are part of a system. These deserve a Quality Standard ISO:9001. Good idea. I will be myself the customer of my own product. Being systematic we can find our successes and failures. This is kind of Operative System (the black box), associated with efficiency. The input is money, time, talent, etc the out put is money capitalized vs time. The Strategy System is why, when, where, etc. Associated with effectiveness. Your point is brilliant, we have to see this as a business and all its complexities. If we get around a 20% of annual profit after taxis, we are good.
@extractorfan21436 жыл бұрын
Nicely said, efficiently buying your own product. Best summary I've heard. If we could see them words spoken I think they would be golden.
@aweinfinitebliss6 жыл бұрын
Great content as always.
@lelouch1116 жыл бұрын
Awesome! Does anyone have the link to part 2?
@blackink84716 жыл бұрын
@theduomoinitiative Amazing vid bro. Part 2??
@zoyten82796 жыл бұрын
Traderpenuer book was soo good
@bruceweb7533 жыл бұрын
your sound is great.
@prabhatupadhyay72252 жыл бұрын
Thanks sir
@AjayKumar-id7mb5 жыл бұрын
When will part 2 come ???
@t.e.swanson75106 жыл бұрын
Bravo sir. Cheers.
@ajaythomas20092 жыл бұрын
Ur advise is epic. Wud request u to plz use some pleasant music in background.
@freecapitan16 жыл бұрын
scintillatingly clarifying video !!! Congratulations Nicholas, I’m learning to trade with options over stock on Td amaritrade, any words of advice on it? Thank you for sharing!!
@radhakrishnarADo5 жыл бұрын
Thank you
@anthonytaylor25246 жыл бұрын
What kind of face lotion do you use? your skin is simply glowing😉.
@And1Allstar086 жыл бұрын
Anthony Taylor Horny Goat Weed
@futuretrading14226 жыл бұрын
Awesome video bro💪💪💪
@bld6918 ай бұрын
thx
@VBVTV3 жыл бұрын
I agree. This guy is dead on!
@Duomoinitiative3 жыл бұрын
Thanks! - Nicholas
@olusolaapata38672 жыл бұрын
Does this mean the SYSTEM doesn't change if it goes by the word FIXED?
@erfho8y6 жыл бұрын
No part 2? :-(
@nitroKenan4 жыл бұрын
dead end after this first video? a playlist maybe?
@jad20265 жыл бұрын
Plz when will part 2 come?
@Duomoinitiative5 жыл бұрын
We're cooking it up! It's likely to be a webinar rather than a video, as it's currently about 1hr 30 long... which is a bit long for our KZbin audience unfortunately! - Nicholas
@Stevek-ce7md6 жыл бұрын
Great Video
@absoluttchamp6 жыл бұрын
When is the part with Strategies coming?
@Duomoinitiative6 жыл бұрын
In the next few weeks. It will need to be more than one video. - Nicholas
@absoluttchamp6 жыл бұрын
Great, this video has been a game changer for me, so thank you for all the great content you put out!!!
@letstradetogether28975 жыл бұрын
RSI and MACD trend line and support line,4 moving average lines trading Bearish Divergence still losing money😢
@chandankage5 жыл бұрын
Lol.... what are all those....
@jinxy78695 жыл бұрын
they all lagging indicators, "iNdIcAtOrS" and not the mirror of the market
@jinxy78695 жыл бұрын
@@chandankage get yo ass outta here you dipshit
@abosultan5015 жыл бұрын
Averages change based on price action so that’s not an indicator about the future. I only use charts + psychology and statistics.
@dre62893 жыл бұрын
Are "trading plan" and "trading system" the same thing?
@xout19905 жыл бұрын
I like the fact that im not getting sold somthing just knowledge