stop trading with a strategy, do this instead

Trading is risky, and most people lose money.
My Free Telegram Channel is now private, and has over 60,000 members, and can only be exclusively joined at this link: t.me/+TDVdM80j9lGfaWiP
Follow my trades, get coaching, hangout with the MFX group: www.missionfxtrading.com
FTC/CFTC Risk Disclaimer - Please read this so you're 100% aware of the extreme risks associated with any type of trading and investing.
I’ve said for years and years and years - trading is extremely risky, and most people will lose all the money they try to trade with - even the people who follow the information I provide. Trading is a skillset that is difficult to learn, and I make it look easy because I’ve been trading for 7+ years. As with any high performing skillset in life, trading is NOT easy.
Your likelihood of consistently making money trading is abysmally low, whether you learn on your own or whether you follow the things that myself or others teach.
It’s like becoming a doctor, many people start pre-med and medical school, but only a tiny fraction of them succeed and actually become doctors. The average success rate of trading is even worse that that! Becoming a doctor is obviously not for everyone, and becoming a trader is obviously not for everyone, too.
I (and my company, MissionFX, LLC) make NO guarantees/promises/express direct or indirect representation that you’ll achieve any specific result trading, regardless of whether you’re following my free or paid content.
I’m just some random guy on the internet who is sharing what’s worked for me - I have no clue what will work for you because there are a million contributing factors that will determine whether or not you will make money trading.
Do NOT take into account any information that I share anywhere on the internet as the basis for your trading decisions. I’m not responsible for your success, nor am I responsible for your failures.
Read the full risk disclaimer on my website below, so that you’re 100% aware of the risks associated with trading - then you can make an informed decision as to whether or not you want to continue following any of the information I share (or continue to pursue trading in general).
HTTPS://www.missionfxtrading.com/terms

[@NickShawnFX]

I’ve shared all my daily trades and analysis for free for 5 years in my public Telegram: t.me/mfxpublic

[@watsash]

This is the mic drop video….! The ONLY and FINAL trading (no) strategy video to watch! Thank you 🙏

[@brounkii]

2024 is your year people, focus on what nick is preaching and you are gonna make it. Nick have a great year man thanks for all the help ❤

[@poonOFdoom8vids]

shutup bot

[@brounkii]

The fuck bro

[@kari8048]

Let’s go I already started The last half of Dec 2023 great. May you be prosperous this year 💯

[@statemoneyclaim8051]

Same to you, let's get it!

[@uknasa007]

even if it is a bot its a positive message@@poonOFdoom8vids

[@maureen...]

PLEASE ADVISE ME. I was told to spread my savings across different things like BTC and Stocks to protect and support my retirement. with everything being shaky,I'm considering going into Trade. i don't wanna make the wrong choice.

[@Godwin_blessing_felix]

Ellen DeGeneres hosted Kate floretta on TV 2 yrs ago that was where I saw kate and followed up.i have also been attending her Trade seminars.

[@vincentstewart1843]

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]

Yo I didn't know Kate was this popular,my cousin trade with her for some months now, I tried but couldn't understand anything it's not my thing tho so I passed Lol. I can testify that trade pays very well because my cousin at 23 bought a house already.

[@janejane386]

When it comes to Trade, I can confidently say that bitcoin is the best option. But most people think it's all about buying and leaving it to rise but It takes a lot more you need to trade it to earn daily.

[@janejane386]

I think I might have came across the name on an interview last year where she spoke about finance.

[@srf2112]

In basically every other KZbinr's FX video they all state you MUST have a system with hard/fast rules so you can repeat it and NEVER break the rules! (no intuition allowed!) The caveat is that they all also state that the system does not work indefinitely for a multitude of reasons at which point you have to re-engineer a new system possibly for each pair. Your non-system strategy appears to have been working consistently for 6 or more years now with slight adjustments along the way. Sticking with a few basic fundamental guidelines appears to be a much better and more consistent approach that allows for personal freedom to think and act on the go. I have been paper trading for 6+ months now and I believe I am approaching pretty decent profitability using these simple fundamental general guidelines. Thank you Nick. When I'm ready to work with my hard earned money I will be joining up with you and your courses. Keep it real that's the only we'd have it. Happy new year sir.

[@Lunaloop92]

It took 3 years to understand that day trading doesn't work for me. Only since I do swing trading (I hold trades for many days) and work in the Daily Chart, things have been going well! Thank you for your help❤

[@JuicedMoose]

I'm the same way. I have to use more of a set forget style. I look for trades put them in my task manager EA and move on. Living in CA only gives Asian session. I don't know how Nick sleeps in Texas time LOL

[@mooncake4329]

Can you please tell me more about your strategy?

[@matus6021]

@@mooncake4329 place trade how you feel 🤣

[@doomslayerforever2858]

Fk swing trade day trading is how u get rich

[@oftenwrongphong]

@@JuicedMoose In the CA, too, and I'm getting burnt out due to lack of sleep. Please tell me more or point me in a direction to learn about your "task manager EA". I did a google search, but non of the link deal with trading. Thanks.

[@antoniocordon7]

Nick, this video has kicked my head tremendously. Amazing stuff. Happy new year!

[@forexguy]

Happy New Year. Continued success for the year ahead. Thank you for all your teachings. Gratitude.

[@ilovfaye]

You learn trading from…..trading. No silver bullet. All indicators can fail and are subjective. You’re 100% right.

[@Valentine828]

Happy New yr! Gr8 stuff u teach

[@wymandyer6261]

Nick youre so hilarious!! have a healthy and prosperous 2024

[@Vee_cz_]

it has been 7 months since I started to learn from your KZbin videos... On Firday I passed 1st Phase of prop firm challenge. Thank you for making trading so simple (not easy)

[@michalszyszka8777]

Congrats man! You got it. Calm and stady. I'm starting my challenge right now, after 1.5 yer in the game.

[@aukaisewell2788]

Be careful of prop firms some are good but many steal your money

[@js2sgamer951]

So do you use a strategy?

[@turbosnack]

@@js2sgamer951 bro missed the point

[@js2sgamer951]

@@turbosnack who’s bro?

[@thedips100]

You are the man and are so CORRECT

[@PERSONA1111]

Its like with every video you are trying to make an improved version of the previous video, and you nail it every time. This one raised the bar by a lot!

[@e.davidjohnson2797]

Dude love your channel!!!!!!

[@Santino520]

“Kill the horse”, I knew what you meant but I still chuckled a little. Thank you for your content. My first video of yours and I’ve probably learned more in this video than I have watching other KZbinrs in a while. I feel like I needed this, I’ve been kinda stuck for a while.

[@TheMdaliazhar]

Thanks for sharing.

[@magazinesinc.kingmelogisti8821]

Great job. Really helpful information. Thanks 💯

[@Cent2MillFX]

This is exactly how I trade.Once I see a trade playing out I wait for a minor pullback on a 5min and enter again aggressively.This is the reason I can pass any prop challenge with only 1 trade.Thank you for reaffirming my way of trading.

[@Frank-33FX]

Thank you for the continual stream of valuable information!!!

[@marcustherealius6725]

This has always resonated with me. Thank you

[@kirbybrelsford5594]

Great advice!

[@jerrodwatts55]

Real deal...you're the man Nick

[@Moebn1]

BIG THUMBS UP FOR FACTS!!!

[@financialtrader3435]

Loved it , just loved it because of "smart money,ICT, order block, distribution fair value gap confluence accumulation " 😂

[@Jjfargo]

Wagyu beef descending bull gap Fibonacci time confluence

[@cohgames]

Thank you for this wonderful video , does this work in crypto market as well ?

[@adamkhalifa1772]

Thanks for the video

[@johanna_gardner]

Thx, this helped a lot!

[@kidprophet6655]

These past few months ive been coming to the exact same conclusion. Ive been trading for a couple years maybe 3 idk, but this past year that has been a big observation of mine. I also havent noticed any of the actual successful traders I know use rigid strategies (you included) and I myself have found trading by nature of the market and working with what it gives you instead of predicting, works out a lot better. At least for me lol

[@TheHaakii]

same here man, never really understood why trading had to be so damn rigid, i always liked being flexible and adapt with the market, 2024 lets gooo

[@joshuamccartan8112]

Hey nick what platform do you use to trade stocks?

[@em4736]

I fkn love your attitude dude. I do pretty much the same... with little rules

[@nathane2890]

Very valuable insights. Thumbs up from me!👍

[@JonathanChristie-od1ol]

Man you are on Fire! Your trading methodology is on point, but I have to ask, your intuition, your know how and how you arrived to this awesomely simple "strategy"... would you say, technical analysis, chart and candle patterns, waigu smart money concepts, ict... helped hone your intuition? Like, is it something we would all have to go through or learn to know or feel when to add to trades or stop before too much draw down. I started trading about a year ago, your content has been the bomb and I will be joining your close friends once I make the money trading. I first found you on the Trading Nut podcast, and you had a shift from your first appearance vs your following interviews which brings up my question. and hey, Thank you for sharing all this stuff!

[@thebarsandstickstrader]

Oh Wow! I never thought of this. I will try that random buying and selling. This is a very interesting video. Thank you for sharing this information.

[@user-le7kc4gr1b]

Dude you’re a messiah. I know you don’t push for financial advice but your trading mindset has helped me tremendously with trading. Happy new year my friend

[@chuckk1806]

You're a good man I love your content stay blessed

[@PopaFX1]

Nice and straight forward 💯

[@ensanyassi6444]

Hey nick quick question, why you use stop lost now instead of hedging?

[@bnrard]

I respect your mind! Your words have given me confidence to believe in my decisions. I am going in 2024 more aggressively. Keep the grind going! Happy New Year!

[@CTheos]

Hi Nick, i've made every mistake in the book so i need your help please, which time frame in forex trading do you look at in deciding if your going to take a trade?........i'm interested in a day trade not swing.

[@thecryptonoob9820]

Thanks, my American brother! Keep up the great work! :)

[@dee23gaming]

Thanks to finally trying your simple approach to trading, my account is finally sprung back from the dead, and catching up to where the balance first was a month ago. The drawdown wasn't terrible, but you could see on my Excel progress graph that I was overwhelmed by all the strategies and noise on KZbin. I should have just kept things stupidly simple and controlled risk and managed my trades properly. Cutting losing trades short, and adding to winners. That I wasn't doing at all, lol. Thanks Nick. I'm laughing at myself now for how simple trading can actually be. My confidence has skyrocketed, and when I lose, I lose small, but my winners are now on average bigger than my losses. Even after I lost a few trades in a row, I still made money on one trade.

[@AySupp]

Hey man can I ask for your discord? I wanna ask you something

[@brounkii]

The thing with strategies is that when they stop working they fuck up your mind and gets you thinking why it stopped working. So keeping things simple is way better imo

[@nelliemillan4627]

Hey , glad to hear is working for you , I'm getting pretty tempted to jump in paper trading and JUST start trying it ! 😮

[@brounkii]

@@nelliemillan4627 bro just start paper trading. Be profitable for a month or two and then jump into your real account. I was trading with small account in the beginning and gradually increased my starting capital as soon as my risk management was profitable. Also my risk structure is somehow a martingale approach but simpler. When I lose a trade I cut it early and then the next one I open is double my risk. Guys it's the most hilarious thing I have a 3 in the row losing streak and then a single winner makes more profit than all 3 losing trades 🤣

[@croaxer2390]

Can you give us an update on how your doing?

[@mumbistephen913]

Am with you bro. U are very right.

[@harrymullanida]

I've been thinking about this too. This is profound bro

[@justineslick5557]

Appreciate gems like this. I learned my entire trading career theres a strat that works over another one more but it really isnt true.

[@meaversand]

Hi Nick, I came across a problem watching your videos, perhaps because the first ever video I watched was the one where you enter mutable times in the direction you chose first, if your trade lost, but than I watch more videos and found more info, a different way. So I like to ask if you dont mind what is the real strategy to follow, thanks good stuff

[@coreyburns7744]

Always love the simplicity ❗️💣💥

[@KushTraderLLL]

Yeah makes Sense, intuition and risk management.

[@TheHeathbr]

Might be the most valuable trading video on KZbin 🔥

[@briankaskie7014]

Just watched today Nick... so perfect as i have been thinking the same thing... (semi profitable) but, brain overload. Loved it

[@syafiqrenaissance6490]

well said, dude!

[@dwhitexrp]

Really appreciate your knowledge. I’ll join your Telegram for sure. Take care of that cough bro.

[@mido170]

took me 4 years to get to the point and u was one of the reasons thanks mate and its not about this video just in general cheers bro

[@brounkii]

LFG 2024 is our year people

[@AySupp]

hey dude, can i add you on discord. i wanna see how followers of Nicks approach are really doing?

[@brounkii]

@@AySupp yeah send me your discord acc

[@mido170]

yea sure shlong.00

[@mido170]

@@AySupp sent u

[@daanschripsema3436]

Do you use price action?

[@nicebite3768]

Seems like my boy Nick is bored again in these damn weekends :)

[@clarencecross7385]

I always wait for a retest and make sure it’s moving in the direction I want (with volume) before getting into the trade.

[@clarencecross7385]

My goal isn’t to catch the whole entire move but just a piece of it, and overtime I’ll scale up to have bigger profits with smaller moves.

[@OOOOO0KKKKKKKK]

man I have backtested so many years of price, and this is just plain true. You take out more total money because there are more total smaller moves. a 120pip move is less probable than a 60pips. @@clarencecross7385

[@lazrich]

if you have developed this skillset god bless you my man and keep on going

[@ExpatTraderFX]

Same here using supply and demand for my zones and volume profile has been amazing for me

[@Kloutkulture]

What if there is no retest tho

[@ALsoHDFilms]

The way you simplify trading IS the strategy. Good work bro. U really for the trading community 💪🏾

[@TravisTellsTruths]

I'm excited I found you. I'm literally just trying to learn how to place a stop loss. I'm using crypto to trade but I want to trade stocks too or commodities. I'm hungry. I'm willing to go the distance.

[@rodjames5771]

Don't Kill the horse?? 🤣🤣 Have a fantastic new year Nick.

[@rawwar10]

KOBE WAGYU BEEF

[@kelvinrodriguez148]

Gets me everytime

[@gappuma7883]

What

[@ikioma3477]

This guy is real deal. Not trying to teach nonesence free youtube stuff what doesent work

[@pokegasm1]

Wow, just mind blowing. I’m fairly new to trading only having a grand total of 5 months. Learning and trading, but December was a turning point for me. I couldn’t comprehend why everyone talks about strategies because for myself it didn’t matter if I traded SMC or S&R I would be the reason why I blew my account. My mental control would cause me to over leverage or FOMO or revenge trade. I was a sore loser, but after watching your videos I’m realizing I need to chill, I realized strategies didn’t matter this month and sticking to S&R for simplicity would be easier, than adding in your mindset, that to me is the most valuable thing is the mindset behind this. it wouldn’t matter what strategy you use, the mindset is what I needed to hear. Thank you sir because you have just helped me tremendously, now it’s up to me to implement it.

[@israeldiamond5582]

Got all the ingredients for an eventual failed traded, come back to this in a month.

[@maxnator]

How do you backtest and collect stats on a discretionery system? So the computers that trade for hedge funds are not mechanical?

[@LifeOfJowl]

Shawn has been eating that wagyu beef 🥩 😂

[@peterwestermann5265]

F A T A S T I C ! ! ! ! ! ! Thank you Nick

[@barker5487]

The horse betting analogy is amazing! Makes you feel silly for adding to a loosing trade and cutting a winner when you look at it this way! Thank you. Note taken

[@robertoj.9509]

Nick, what do you think of Binary Options? Are they a scam as many people say? Or is it just like any other trading, where all it takes it a lot of experience and time?

[@marvinjohnson7761]

The BEST TRADING VIDEO EVER!

[@thehoodcave]

Now this is it guys. So long I tell people just this, what’s separates a profitable trader is not strategy but because they have enough experience on what kinda of trade setups the double up on and which one they don’t even have to take a FULL loss on. Over $300k in payout from prop firms and till today I still cannot put what o do as a strategy but experience which people have yo learn themselves.

[@aureliobjm]

Well, I think it's time to realize "you'll never go broke taking profits." Buffett is also selling! I'm still uncertain about selling my $260k stock account, but considering its recent significant decline, might just get through with it.

[@MarvishaN]

Don't sell; avoid trying to time the market and incurring unnecessary taxes. Stay grounded and focus on the long term. Or just seek counsel from a market strategist.

[@josephbush]

This is why I've entrusted a fiduciary with my investment decisions. Many underestimate advisors until emotions lead to losses. My advisor crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to $780k, generating sufficient dividends for my household's needs.

[@debwes1]

@josephbush Mind if I ask you to recommend this particular coach you using their service?

[@josephbush]

'Heather Lee Larioni' is the fiduciary advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@debwes1]

Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.

[@nelliemillan4627]

Your teachings are too good to be true , but I'm sticking to it because you're the simplest , easier , no drama trade I've found .😊

[@poonOFdoom8vids]

you aint sticking to nothing bot

[@adam55719]

@@poonOFdoom8vidsare you saying this guy is a scammer?

[@poonOFdoom8vids]

@@adam55719 No all these comments under the video half of them are fake bot responses.

[@u.eriknwagwu7956]

I love you man !!!! This is a fantastic video and absolutely affirms my beliefs. I had been trading crypto's for a while and my win rate was over 70%. I felt that i could still improve and started watching trading videos......all they did was make me feel I wasn't knowledgeable about candlestick charts and that I was doing something wrong because my system of trading was very subjective and not replicable by another person. My portfolio took a deep dive into the red and once I went back to my previous methods I'm profitable again !!! And, your video just bettressed my views. Thanks a lot....keep on doing it YOUR way... A la Frank Sinatra !!! 🙂🙂🙂

[@mattlu5493]

This makes so much sense

[@kennythepimp]

Exactly what I needed Nickelodeon, we appreciate you! Realest trader in the world

[@dee23gaming]

You might want to turn off spell checker 😬

[@paultownsend6287]

​@@dee23gamingMaybe he just badly needed Nickelodeon.

[@SpectatingSpeculator]

Thanks nickname

[@Maurice181]

Agree! Market can go up, or go down... risk management beats 4-5 indicator strategy. All day, every day.

[@frankl473]

Nick, did you enter Robbins cup?

[@momergil]

My problem with adding to a winning trade is mostly that, if back and front stops are kept fixed, the new volume is like a new trade with worst risk X reward ratio. So even if once the price reaches that new entry point the probability of going to the gain is now higher then going for loss, that extra is diminished by a problematic inferior RxR. At the end of the day, it could have been equal (and simpler) or even more profitable to just start the trade with a heavier hand.

[@lehlohonollomoloi9050]

Word.

[@nayankolhe8355]

I mean Nick...just straight to the face No filters like snap,insta 🤣🤣

[@Adi_O07]

Here's a take-away from this video 'keep it simple and control risk'.

[@ElParacletoPodcast]

Exactly, zero predictive power, the market is unpredictable.

[@laurentwashere]

Yapping

[@talsmanic]

thanks for sharing your experience. its gold. the beard suits you

[@christopherwic236]

Appreciate the black and white Truth. Have been through all the trials and gurus and the simple fact that you are saying how it is def helps and encourages. Appreciate you and your channel🙏

[@sleepingtiger2096]

I like hearing this because I am pretty good at predicting but I don't have a real strategy. I've only been practicing a few months, but I'm getting pretty good at it. Yesterday, I closed a trade even though it was only halfway to my TP and I felt bad about it, but my gut said to, and a minute after it took a sharp reversal for the rest of the day. Not sure how I knew that was going to happen, but my gut did. This happens so often. It's nice to have confirmation that this way is ok.

[@gappuma7883]

If you think you "knew" you didn't. No one knows. It was just your fear telling you that. Rule number one in trading: anything can happen at any time.

[@sleepingtiger2096]

@@gappuma7883 I thought I was breaking my discipline by closing early and was just being fearful but realized my intuition was spot on. It was nice to close in profit instead of breaking even or loss. It's like dancing to a song that I've never heard before, but kinda knowing what's going to happen next and flowing with the groove.

[@gappuma7883]

@@sleepingtiger2096 it's not so

[@Bigg6987]

I genuinely feel like you are the one KZbinr who has best set up my mind to be a profitable trader. I don't know when I'll be profitable. Before the end of 2024 sometime, I'm sure, but the way you say things really speaks to me. I have a lot of respect for your blunt truth. So thank you!

[@israeldiamond5582]

Does not help listening to this

[@Bigg6987]

@@israeldiamond5582 do you have recommendations to help more?

[@vashaunjones2773]

As i started trading, I realized your "strategy" can only be so mechanical, no matter how ok, good, kinda good, perfect your setup looks. You have to make the decision at the end of the day the market is forever changing, and your setup is going to always look different in someway.

[@nickboretz1774]

I think you could do what you're doing with a bit more of an edge by using a Time and Sales window. At least you could see what's going on at those trade areas. If yr. going long from the base and Time and Sales is showing big slippage and huge sells..would you make the same trade? Just a thought. You might get a little more than 50%.

[@AndrewBurtonS-group]

I use your support/resistance strategy, trading breakouts and when I'm short looking for supply and demand gaps on 1-5 min chats. at 1:500 seems to work on almost every trade.

[@koenschuurmans1509]

@NickShawnFX love the vid! This is deffenitly gone help I think. Do you have your broker statement somewhere? I would love to see that.!

[@lx4302]

I just turned 18 2 days ago. Time to start up an account!

[@meemmateen6385]

Same thinking, but i tried 1:2 rr trade randomly in every timeframe, but it not works, most of the times market hits my SL.. which is best way to trade randomly without seeing chart ?

[@johnnyoliveira1342]

Happy New year 🎉🎉

[@craigdruery984]

Hey Nick. Thanks for the video. I can hear it a thousand times and still have trouble sticking to it lmao.... On another note. That persistent cough of yours as been there a while now. Have you had that checked out???? All the best

[@Marcus-up5wk]

Who got f$&ked on the GBPJPG heading down on Friday..ouch..shit happens..I’ve learned so much watching the market and following Nick..

[@estellemanyo2040]

Do you trade binary options or forex

[@zamiadams4343]

Basically just sell a course, you'll get consistant profits.

[@tcavalo]

Hey Nick, though I may have a slight disagreement, I am in agreement with you 99.8%. Been trading for 4 years, brother, and I can certainly tell you that adopting your mindset about the market really does relieve one of a lot of stress. What really helps me is money management and just being patient. I don't even worry about looking at the charts and I can live my life. Keep up the good work, brother.

[@nunomuacho446]

But... where does the pulback end? or when do you considere it invalid? once it goes below or above the previous move? What happens to me is I move out of the trade and it shots into what was my original ideia and i loose it.

[@dee23gaming]

Try using Heikin Ashi candles. You'll clearly see when you should enter or get out of a trade gone wrong. Also use different time frames, because you could enter a bit too late by only using the higher time frame.

[@mattevans5631]

Common sense will get you a long way , enjoyed your video mate . Have started forex the last few months never done it before and am just trying to make the best judgement I can started with £250 and am currently on £5000 just by looking at the charts .

[@nobreveren5264]

Interesting.