@@aquarius2284 wouldn't happen if you learn on a demo to then transition to small account, to then be profitable and apply for prop firm for big capital.
@@bruhg2698 not always! Not very productive to earn high % a month if the initial deposit is small because you don't have enough money to start off with!
Even if money doesn't buy you happiness, it does pay the bills. It puts a roof over your head, a very nice roof. One less thing to worry about is better than having one more thing to worry about. To me, that's a win in itself.
Never flaunt your money, because you will be attracting the wrong people. It is not your obligation to pay for everyone in your circle. You are better off buying a homeless person lunch/dinner. You are better off buying a new wheelchair for someone in need rather than blowing that money on booze for the evening. People in your circle have jobs, they can buy their own drinks and pay for their own food. Never pick up your date in a nice car, fancy clothes and fancy outings, in fact rent an old car and if she goes out with you on more dates after that, then she's a keeper. I just hope that people learn the lesson before all of it is gone or that person walks out of your life because there is no more money.
there's nothing wrong with a woman being attracted to expensive cars. They are future mothers, it's nature itself dictating through billions of years of evolution to mate with a male that will be able to feed and provide for the off-spring. Same as there's nothing wrong with men being attracted to femininas with large titties and good skin cause it's nature itself dictating that a feminina like that will be able to bear the child, not die in fuken labor and then be able to feed it in its infant years. Now the time where shit goes wrong is when ugly af fat bitches like half of california are so brainwashed by social networks into thinking they don't need to take care of themselves and are STILL entitled to date males with Lamborghinis, now that shit is plain wrong yeah.
Yes good point! For a lot of people it may also be to try and find yourself too. I guess, like how I was, a lot of people probably don't know what they truly want etc. while they're on their journey.
I'm actually enjoying life so much more since I've chosen to invest and trade. It has actually enhanced my minimalist lifestyle. I'm selling off anything I don't need and use that fiat money to pay for groceries, the barbershop et cetera. Meanwhile, I'm putting all that lazy spare money on my bank account to work through trading and investing. Financial independence will buy you mental ease. I don't care about cars, expensive holidays and what you have. I rather work out, read books, meet friends and enjoy people in general. That's real wealth. The money is just a safety cushion to protect you against unforeseen bills or financial blows to people who are dear to you.
@Block Chain Swing trades do not occur in a day, it is from 2 weeks to 2 months.... if it happens on the same day then it is called intraday or daytrade.Gaining 10% on intraday is extremely unrealistic even 1% is a pretty high number.
You are ahead of the curve, young man. The old saying " money can't buy happiness" is right. BUT, what money can buy is freedom. If you can't be happy with freedom, it's not the moneys fault. The hardest thing about trading for me was I never felt like I accomplished anything. All I had was a bigger account, if things went well. When I was young, and built houses, I could see what I'd done that day, and 30 years later I can still drive by them. The best thing I ever did was set a number, as a goal, and quit when I got there. I still keep an eye on the markets, and have even been trading when they offer free money, like the last couple weeks. Trading is hard work and a lot of fun, but very lonely, and easy to burn out. Once you learn to walk away from a screen, life gets better. There is always another trade. Enjoyed listening to you talk !
@@AssasynCounterExtrem Lol. Yes sir. There really is enough to make an income if you're good enough. It's really possible to get very rich trading but like most things you just need to put in the work. I am nearly there.
I respect your opinion and say that I'd never feel the same. I need money to pay for so many things in life and I'm looking into trading as a way to escape my life. People say money doesn't buy happiness, but I bet it will relieve all of my stress and debt.
Keep striving. Read and learn for yourself - books and trading principles. Go for the longer term trends. Swing trade shorter term but learn to catch long term trends. Read 100 baggers by Chris Mayer. Good journey to U.
Trading to me is having the freedom to do what you want and when you want. You don't get that with a 9 - 5. Having time to spend with others and family. Treat them and make there lives better.
Most successful traders have an extremely tight schedule.They have to do a lot of research and be glued to the computer screen.You won't get the kind of freedom you desire if you pursue trading at least if you want to be successful at it.Do it if you love it, if you think traders are free and can do whatever they want any time...you are dead wrong!!
@@ptnibin123456 Dude don’t be so negative I make around $450k+ a year from trading stocks and forex and I’m not glued to my screen I check my trades like 4 or 5 times a day. Trading is not just about being glued to your screen and looking at charts. You can be glued to your desk and get a shit ton of work to do but you’re going nowhere with that negative attitude. Be positive and you’ll start seeing more opportunities everywhere you look. Best of luck to you though!
@@trmibp9441 Soon enough, you are gonna end up losing everything you made with that kind of attitude. Trading is about being realistic and consistent. Huge amounts of optimism is not gonna help you out here. There is a reason why the majority of traders are in loss in the long run, if it were that easy everyone would be doing it. Take a 40 yr time period, the best traders in the world would average 15-20% Cagr....Consistency is key here, Cagr matters not amount!! Trading is a full time profession, that requires a lot of research and dedication.Those who do not realise this, make money in a bull run and are wiped out in the next market cycle.
@@ptnibin123456 I do quite a lot of research I just don’t day trade because that’s where lots of traders lose money because everyone wants to get rich quick and yes you’re right a big correction in the markets wipe out most people but if you do research and your strategy lines up you can make money in the bear market and in the bull market i shorted bitcoin from $58k and well look where we are now it’s at $31k so how about you just also trade and gain experience and make some good money because it’s possible and remember live the life you want to live don’t just be another statistic yes everyone loses money at some point heck what if Monday morning you walk into the office and your boss tells you sorry our company isn’t doing well because of the markets and you get fired…To be honest the financial markets don’t just affect traders they also affect businesses and the workforce just look at the 2008 financial crisis or the dot com crash lots of people were affected in those days as well and yeah businesses had to shut down so don’t be negative anything can happen. I’m not mean or anything but I’ve come to learn that with the right mindset and goals you can achieve anything
@@trmibp9441 Ok, good for you....but I still believe Trading is a full time profession, and the Cagr will be more or less the same in the long run. You can lose money in trading, this is not equivalent to getting fired as you do not lose money here, it just means loss of income, as long as you have the necessary skill, you can get a new job. It doesn't impair your life, whereas a serious mistake in trading can result in bankruptcy....Rick Guerin is the epitome of this fact.
After five years in forex learning and watching thousands of videos, I think Nicholas is an honest guy, not only nice and honest but also a glittering-face guy! I like very much the way you explain the things, in a simple and direct way. Thank you.
I feel like this video popped up in my life just when I needed it to! It is so nice to see someone talking about the actual reality of trading, I hate the illusion some people try to create through social media about being a trader.
I think we can all identify, because sometimes trading is more about the game than the money, It is a sport where you are testing your wit strategy and nerve with the best traders in the world, but the money is very very sweeeeeeettttttttttt!!!!!!! Building wealth gives you the opportunity to be a blessing to others...................
I have watched this video quite a few times. And here I am in 2023 watching it again. This may sound cheesy but you are my idol. Not just in terms of making money, but from moral side of things as well. Seeing the amount of success you have achieved and still be so humble, genuine, and generous is just amazing. On top of that, your passion for the skill of trading is unlike anything I've ever seen. The Duomo Method is extremely underrated and to be the person to lay off the basics for such an amazing way of trading means how professional and educated you need to be in the markets. I've thanked you many times before (to the point where its getting awkward now haha) but I truly appreciate you from the bottom of my heart. I wish you the best of everything!
Thanks so much. Your comment really means a lot to me and it's kind of you to share those thoughts with me! I'm glad I've been able to play a small role in your development. - Nicholas
Still coming back to this video time and time again. It's one of the most honest video about money even outside trading/forex, sometimes I need to remind myself of how it is from the other side.
5 years later and this video is still relevant. Thank you for sharing your story, I resonate with every point you made and feel a little less lonely knowing that others have shared experiences!
@@nullnull8837 because at the time, I was making 10s thousands from trading too. And it does start to feel like just numbers on the screen so I know how he's feeling
Louie YT Ok, I get it. But I believe then you’re the issue not money. You can find ways to distribute that wealth for example to help someone through tough times. Like fund someones education or create a foundation helping with different courses. Just a thought.
@@nullnull8837 I never said money was an issue? I just said it looks like numbers on a screen after a while, it doesn't bring much true happiness to your life. People think money makes them happy, and he said it's not going to solve your problems. Which I agree with and that's why I said he's being real, because I felt the same way.
I liked your openess, thank you for your sincerity. As a Christian, and learning to trade / invest, my purpose is not just to have my need's and my family' met (food, medicine, transportation, clothes, etc.), I want to be the hands and feet of Jesus, helping others fight poverty, lack of education, illness and loneliness. Being alone is a great form of suffering these days, and I'd like to tacle on this social issue with resources and the help of churches. I've have had a high paying job in the past and I'm aware that money does not necesarely humanizes you, it just unlocks rooms of your mind and soul that you didn't know where there before, and that poses challenges and hard questions. So, it is good always to work hard, think hard about what am I doing here? Do I have any purpose or cause I'd like to invest my life in? The Bible says the greatest thing for which God made us is love: to love Him above all else, and to love our neighbour as ourselves. Thank you for you channel! Greetings from Chile!
I can totally relate to this. I have a friend who's family is loaded! I've been on 2 month long European vacations with him going to Morocco, Spain, Tunisia, Italy, Greece and Turkey. There are things that are great. To finally "live" with no concern about money. But there is a downside. Like you said, your problems are still there. For me it wasn't problems, but I felt "empty". My life ceased to have meaning. I was aimless. Just traveling and wandering around but I felt like I didn't have a purpose anymore. I think that was the most surprising thing for me from the experience. Everyone always wonders what it would like to be rich and they are sure it would be great. And that's true to a point. But people never think about the other side. I'm a trader. Last year was my first profitable year after 8 years. I do want to make all the money I can but it's not for houses, watches, clothes, cars or any other material things. They can't bring happiness. The money will enable me to be "Free" and have the resources to fulfill a purpose. To do something of meaning to me. To be able to truly "live"!
It's been me and my screen for gaming and work for over 7 years, so... yeah. Probably when I reach something like that, I'd donate a lot of it to my family and friends to help them get into the financial freedom I'd like to see them at focusing on setting up constant passive income to them, and then create a charity for the poor, especially focused on housing, food, mental health and kickstarting them to get a productive job.
I know you recorded this 5 years ago, but I think what you put into perspective is so timelessly important and I have to thank the 5 year old younger you for that. So, thank you so much mate for breaking this down to us so mindfully. I hope life keeps treating you good :)
Your experience is my exact experience as well. Not with trading, with business and 'friendships'/girlfriends'. I've been downsizing/offloading almost everything I own as it doesn't give me any joy at all. Your honesty is refreshing. I've subscribed :)
Step 1: define your goals Step 2: make sure you have these goals for the right reasons (your long term happiness?) Step 3: visualize your path to achieving it Step 4: execute (hard work/determination/patience/consistency/accountability/really be able to look in the mirror) If your “friends” treat you like that you’re not your friends. Surround yourself with people who deserve your company, know your worth. Be able to stand up for yourself and not be pushed around by desire and peer pressure
If I had this kinda money I would just buy a decent house and chill errrr day. It hasn't gotten old yet haha. Money brings some creative opportunities to light. You just have to know what you want before you even have dough
When my family was in poverty, I thought that I just needed to study and get a job. When I got a job, I thought that I just needed to save. When I started saving, I realized that without investing, taxation and inflation would erode away my savings. When I started investing, I realized that government spending was out of control and their monetary policies were utter madness. And now I'm just wondering how this story ends... perhaps having something to do with poverty...
SashaXXY that has something to do with fear about loss... It is important to accept that everything is temporal it is important to enjoy life as long as we can
Maybe you need to read more economics, all the problems are because of private and not public debt, then you will start to understand the world a bit more
@@SashaXXY Venezuela's problem has nothing to do with debt you fool, Venezuela has the biggest oil reserves in the world, a reason why yankees and neandearthals like you europeans want to take over and ruin it like you did to most of the world, again, read more economics, you know nothing yet and what you talk about is laughable
You're right. I think the US needs to stand by and do exactly nothing as Russia and China take Venezuela over and enslave everyone there. There's still plenty of room for them to serve as yet another example of what happens when you implement a socialist government that runs its country into the ground and then keeps borrowing until everyone is destined for a lifetime of bondage. Too bad I don't make the policies.
Trading is a journey , not a destination. Its all about discipline and daily rotines . So getting better as a trader is like getting better as a human being + youll get the money as a present
@@Duomoinitiative waaa thx for the reply - there is nothing that makes you more self aware as rejection of a woman and rejection of the market (losing money) thx for the great work , love your videos , shared them with everyone whos into trading
What you've said is so true. You get to a point of emptiness, everything that you have always wanted to do and have was nothing in the end. What do you do when you have everything? Life is so boring when you have nothing to strive for. Trips, places, material things don't matter in the end. I now find entertainment with dressing as a normal human being giving money away to people who need it. Giving is your next calling. Trust me, it feels great.
I believe you felt increasingly unsatisfied as you gain more wealth because you were expecting "happiness" out of it. Satisfaction in life comes from helping others and giving back. Loneliness is a perspective problem.
Good video. Why not use most of your profits to reinvest into property rental income and automate your income so you can trade less and have more time to others. Well done.
6 minutes in and this is the most useful and humane video i've seen about trading yet. We often look at money as if it is the only thing that matters (and of course they do to some extent) and that we should put our efforts to. That's where things start getting creepy. I had the exact same experience, lost my beloved cause i was too worried about making money and always working, not seeing it wouldn't actually fix a thing. The opposite, actually. I didn't earn any money, I just bought them with my time
Hey man, I just came across your video on here. This was a really great way to just simply spread some truth, and I can see several of your points you made in my emotional journey of learning to be a trader. Thank you, and I look forward to watching many more of your videos and learning from you in the future! Take care.
All problems - trading or otherwise, are a reflection of perceptions in OUR HEADS. Perception............is a story ( has nothing to do with reality) Life is all about Balance. Having enough money, so we don't get stressed with bills - having a caring partner - Good friends - Keeping in good shape ( for good health) and more importantly........getting up in the morning with a sense of purpose!! How many watching this video, do what THEY LOVE, and earn LOTS OF MONEY! Probably, less than 3%. Day trading on Short term time frames, to me is NEVER Sensible. Hence why, I trade Daily time frames. Good video Nicholas. We all need to Work on our INSIDE WORLD FAR MORE!!
All I have to say is thank you Nick, it's been a hard road for me trying to get back into trading, after all that's happened the past few years. I thank God that I came across your videos online they have truly been life changing. I remember my first withdrawal went out and got myself a watch too, learning a lot from you stay blessed.
Nicholas Puri Hands down this is one of your best videos. I can relate to your saga. Trading is actually a lonely occupation. Great insights about the worth and value of money or the lack thereof.
I would say most experienced traders will lose trades more often than new traders. If you look at the win/loss profile, new traders are defined by many small wins and few huge losses, since they’ll close winning trades early and hold onto losing trades too long out of hope and loss aversion. One of the keys to becoming a good trader is being willing to take a (relatively smaller) loss and knowing when it’s time to hop out of the trade.
I remember when I used to give private lessons about Forex trading and most of them always started approaching me like ; do you lose trades sometimes? How long is your current winning streak?
@@silviamazzieri6711 I replied, how many times do you need to be right as a profitable trader, 70%?80%? Most beginners think most times it should be higher than 50%. What if I tell you that; you can be profitable been right only 40% of times. Beginners will benefit a lot from his mentorship : inbox shannemoody via telegram. he is convenient.
I had friends who took advantage of me even when I didn't have much money! Some people are nasty so it is nothing to do with whether you have money or make a lot of money. Just choose your friends wisely (part of our lives journey)!
What’s the account size you started with? What’s the size you built it to, and how long did it take you to get to that amount? Additionally - what was your journey - where / who did you learn from? Did you have a mentor teaching you in person, or did you learn from books or courses?
I generally rarely comment on YT Videos. I'd say I comment 1 out of every 1000 videos, but felt compelled to comment on this one. I wanted to say this was one of the best and "most real" videos from "gurus" that I've watched. First of all, there is almost no editing/cutting. It's almost a continuous unscripted video. Second, it's felt very honest which is a rarity on YT these days. Thanks for sharing your insights, they were quite valuable.
I like listening to Nicholas, he always gives his honest views of trading, not the flashy videos of guys stepping out of lambos and boarding corporate jets to some chill out music telling you to come on a journey with them etc.
Thanks for your openness and honesty. Most people think money brings happyness, but it brings new problems. My goal is to get my trading to a point where I can use it to fund my life passion, in a men's recovery center. Trading should be the how or the means to following your passion.
I had the exactly same experience. To keep your self at the edge and track you need bigger goals than money. If your ultimate goal is money, you will get it eventually and loose the way. If you have bigger goals money will never be enough. Especially if you involve yourself in politics and changing the world. :)
This video is deep I’m a young forex trader and making more than everyone my age in my city. I am guilty of some of the things said in this video. But now I am going to spend money like how I would as a normal 9-5 worker. Thanks
This is just too great.. this guy has experience..it all seems negative attimes but it's not..I suffered so much loneliness, patience..had to check out what's more important.
Best thing you can spend your money on is a professional trading coach or psychologist, such as Van Tharp. The second is a journal, third is a large hard drive so you can video your trades, then watch them over so you can learn to not repeat your errors, but continue to repeat what you are doing correctly.
The main thing for me would not be the amount of money being earned, but the complete financial independence that comes with it. It's the not being stuck in a dead end 9-5 job being drip fed and having the carrot constantly being waved and moved away from you.
Yes you're right. When I stop and think about it, I'm grateful that I get to live on my own terms. I work more than I would in a 9-5, but it's out of choice and I get to decide how I approach that. - Nicholas
The sincerity is fine. I subscribed. Money is a terrible illusion. I'm a dentist and look forward to switching to trading full time. I do plenty of meaningful things to humans who love to hate me, cry their eyes out before, during and after I treat them some smile and laugh even, but I've had it. The solitude of trading solo is going to be perfect after all these years of this dentistry thing. Just perfectissimo 👌
he is telling the truth...about how too much money make you sick and bit crazy. trading is lonely and stressful. thank god i still have my wife and my kids with me....
You are right about the other You Tube video's on trading. All flash, materialistic...You are a very honest person and have a great personality. I have experienced much of what you have. I have just restarted trading again. I am doing very well and am going to retire and do this for a living but I have worked a long time, 34 yrs in the aerospace ind. I very much enjoy trading and you are 100% right about the cash. Thanks and God Bless
Wow! this is good, not what I expected, money doesn't fix everything, I'm 60, retired I haven't traded in a decade, now I opened a account, been looking a YT people want to join their club for $300 a month, NO that is pump $ dump that was 2 decades ago I traded in the dot com bubble it happened then and now.
thanks for the video. been trading for over 12 yrs actively. i've lost lots of money early, made them back and then some. i could relate to some of the things u said especially about money. i've becoming such a loner cus it's part of the job. money has very little meaning to me when it's in the account, but if i take the money out to spend, i get paranoid. in back of my mind, i'm afraid i will give the profit back some day! lonely world but fun world as a trader. take care and good luck.
It was the other way around for me. I've had (still have) an online business and had almost no time left for my girl or friends. I started trading and invested every free minute into it, knowing it was a slippery slope concerning my relationship. But after the big money came in, I've got a new employee and devoted most of my "working-time" to trading and now I'm sitting here, trading 2-3h a day and doing all those things I really love in the rest of the day, it's great!
S wauw and youre already profitabel i ma 19 trying to make this a way of making money to be Free and invest. you inspire me even more i have been trading for 6 months now and its going on and of with me
sounds like we have been through similar things. I left my career of ten years, went into full time emini's crude, gold , S&P and Dow. After two years I made the money, people stroked my ego all the time because i would arrogantly tell them how I much I made.... the reality was I had a major problem with an anxiety disorder and was popping antidepressants like M&M"s. Made the healthy decision to return back to work, its been 3 months and I am doing great. No more 14 hour sessions in front of the screens. Now just trading part time and understanding that in life you must have a balance otherwise you spiral out of control. Thank you for sharing
Thanks for sharing your experiences too! I'm glad to hear you're living a more balanced life now, that must have been a huge decision to go back to working - not many people would have the strength to do that!
I love the money and yes im very addicted. I went from sleeping on the floor and saved up 5k and made a 100k plus in 1 year. Different strokes for different folks. I sleep with a smile on my face 😎
Chris G i learned watching warrior trader and clay trader and tons of research and e books. I also traded on margins for more buying power to add more to my gains. Then in also have a few index funds i invested in that pay out as well.The more research and practice you do, the better and more prepared you will become.
Michael Shue lol im only a year at this and i took many risks to get my account to that. I advise following clay trader and warior trader on youtube and going through there videos. These guys are experts and have been doing this for years. I don't pay for those courses because alot of the info is free on youtube. Also check out ebooks on day trading. The more info and practice the better.
I really appreciate you making this video. I'm not at your level yet, but I've just started becoming profitable. I've made a point to spend time with family, especially the older ones as opposed to being glued to the screens and seeing someone at your level speak about the thoughts in my head only confirms what I already believe. Thank you very much
Thanks for the honesty! It may sound arrogant to some but the golden nugget is about how money is not a problem-solving tool. Most people would want your problems as they are not in your perspective, not putting themselves in your shoes to see things in your view. It sounds good to have a lot of money, solving short-term problems but it comes with a different set of problems too, short-term and long-term ones. I guess the few main points is to understand the meaning of 'having enough', not to have an obsession with money and to recognise people's intention. This is a very good video if you fully understand the deeper meaning but it might not resonate with most people as they are here with the intention of solving their problems with money. Nonetheless, it's good to hear from the other side of life and I deeply appreciate your honesty, Nicholas. Off I go to click the subsribe button! :)
There are very few videos on TH-cam that has gotten me so glued to my phone as this one did, I’m just trying to get into trading and I can already tell that the path ahead might be exactly as you’ve described. I’m the type who doesn’t know where to draw the line and tell myself “‘maybe you’re doing too much”… and like you said, I’ll always wanna think about how much I could potentially be making if I stayed at home and traded as against going out to live and experience life. Thanks for sharing this with such level of sincerity and detail. Bless
If I could go back and do it all again, I’d make much better decisions to have better balance and avoid a lot of unnecessary pain. I hope you’ll take it on board and maybe restrain your own excessive tendencies! (I know it’s easier said than done!) All the best buddy.
The Duomo Initiative - Financial Education hey buddy, so I started trading last week, got a $11,000 relocation allowance from my job and poured it all in (8k). Bought this highly volatile Indian stock called IGC which was soaring so much for about $2k and I doubled my money by the third day, sold the stock only for me to get greedy or cocky or having a FOMO that I reinvested it all back in and it crashed that same day. I’m a bit young, work for Intel Corporation so I think it’s not a big deal losing that money but I can’t keep losing money like that and so I would really love if someone with your level of prowess could be my mentor
Thank you for your amazing video!!!!! just started on my trading journey....studying like crazy while doing 8 to 5 on my daily job to save money to open my trading account.Will get there eventually , just have to keep going until i am good enough to trade consistently.
Love the honesty, such a refreshing change from all the online marketers selling their millionaire trading dreams with zero worries or problems in life. It's all an advertisement with them.
I’ve had a similar experience of this hollow feeling. Actually you described it just the way I felt it. I’ve finally hit 6 figure trading account when I was 20 from trading cryptocurrency and just sat in my room feeling completely empty. It just shows that money is not the highest value in life as many people think. I recommend you research SPIRAL DYNAMICS. It’s a psychological model showing the evolution of human values. Once the person realizes that money, success and fame will never bring fulfillment, he tries finding it in a community of people, friendships, starts focusing more on the benefit of the world instead of just himself. And the values don’t end there. They evolve once we realize the constraints of our current values. Really interesting model. Thanks for sharing your perspective!
Will check it out, thanks! It isn't an issue for me in the same way anymore, but there was definitely a lot of self-reflection needed and changing what I was driven by.
Im a new trader and coming from someone poor like me , i can tell you money will buy happyness for me ! Most important thing would be to buy my freedom ! Time is the most valuable asset you have in your life. Id be able to not worry about my bills. Anyway about my trades so far... i made 10$ with Macy lol and then made 100$ with swing trading a reit stock...slowly but surely ! Hoping to get 100k one day and finally be happy !
Pokiblue I know what you mean, cause I’ve been poor myself. And I thought the EXACT same thing. But this dream that money will bring happiness is only an illusion. Once you earn the sum you want right now, you’ll be excited for a few days max and you’ll just want more. The hunger for money is never satisfied. Sure, it takes some worries away such as the bills. But deep down you’ll still be the same person, wether millionaire or broke. If you’re not satisfied with life right now, you still won’t be once you get the money. You’ll probably have to go through all of this yourself to truly get this but from my experience when I later lost most of my money I was paradoxically much happier. All we have is this present moment and we can choose to be happy and grateful with what we already have or focus on what we don’t have and chase it for years, only to find out that wasn’t the answer. Take care, wish you all the best!
I live in London! I work 9-5 doing IT support and everyday I come home and watch trading videos, I'm still so shit at it lol I actually really liked this video! its the first of your videos I've watched and it came on automatically. I love your mentality and views on money and life. Don't ever feel the need to not express yourself or say what you think!
This video truly spoke volumes! Such a great video! Everyone on social media makes trading always seem so glamarous and problem free. Thanks for the amazing insights!
Honestly shocked at so many thumbs down. So glad I found you. This was so amazing to watch. No charts no TA just from the heart. Thank you sir. Respect! Currently diving into all your videos.
Thanks for the honesty. maybe that's why you see a lot of successful traders on youtube trying to teach and give knowledge. even though its not necessarily for free, it gives them a purpose and makes them feel whole.
Great vid bro ...but the key to happiness with money is to GIVE it. Away!!! You will never experience a better high than to help out the less fortunate! Try it my friend and you'll be hooked!
How about you just keep compounding without changing your lifestyle too much? I realise that must not always be an easy thing to do, but freedom comes for me number 1, and there is a certain treshold when you could say this is enough? E.g. what is supplementary above that treshold you could put in a portfolio of safer deposits that earn 5 - 10% annually, and keep trading for fun and compounding into safer investements. I am certainly not there at all, but that's what I would imagine to be a good strategy (?). Then you can also calculate a percentage for yourself to spend and stick to it, like e.g. freelancers would do.
Man. EXCELLENT STORY. Thank you so much for this. I am officially a subscriber. Keep the videos coming. Keep being yourself. I love how organic and sincere your video feels. Awesome job
The reason's why I trade Two main reasons are I have no choice too start trading as I'm young too achieve things before I reach 26 or 25 Last reason is :it's hard for People like me to start what I wanna start to achieve what I wanna achieve here in South Africa
I understand you man, no matter the amount of money you make, that hollowness never goes away. I honestly never felt as complete as I do now, now that I have accepted Jesus as my Lord and Saviour. Brother I understand.
I'm not chasing money I'm in it for the freedom
Exactly
100%
Same.
Ameeennnnnnnnnnnnn
I’m in it for that aswell, it’s actual “laptop lifestyle”
man i feel you 1000%, i traded for 4 years in my room then i went to see 50 countries.... changed mylife
youve done well
🧢
Not possible @@ephraimalves3505?
Money doesnt bring happynes, but the lack of it makes u miserable...
Good advice to give those who lost their entire life savings in trading
@@aquarius2284 wouldn't happen if you learn on a demo to then transition to small account, to then be profitable and apply for prop firm for big capital.
Having money isn’t everything. Not having it is
“ seeing money as just numbers “ can’t wait till i feel like that
take a $50 to $3000, it will still feel like $50
Lose everything then when you stare at the cliff edge for a while you realise it's just a game. Next pay check go all in, or you have no balls.
You need to see at as % not $
@@bruhg2698 not always! Not very productive to earn high % a month if the initial deposit is small because you don't have enough money to start off with!
@@Callum29D "go all in or you have no balls". Really? Wow.... worst piece of advice someone can have.
Even if money doesn't buy you happiness, it does pay the bills. It puts a roof over your head, a very nice roof. One less thing to worry about is better than having one more thing to worry about. To me, that's a win in itself.
Neosum 100%. Fact
A very nice roof mate💪
I would rather cry in a Maserati than this thing I'm driving right now
@@veliem3935 I agree. I drive a rusted, dented 2003 Ford Focus station wagon currently.
@@veliem3935 same, I prefer crying in Bali lol
Never flaunt your money, because you will be attracting the wrong people.
It is not your obligation to pay for everyone in your circle. You are better off buying a homeless person lunch/dinner. You are better off buying a new wheelchair for someone in need rather than blowing that money on booze for the evening. People in your circle have jobs, they can buy their own drinks and pay for their own food.
Never pick up your date in a nice car, fancy clothes and fancy outings, in fact rent an old car and if she goes out with you on more dates after that, then she's a keeper.
I just hope that people learn the lesson before all of it is gone or that person walks out of your life because there is no more money.
Jane Smith, i wanna be your friend. you spoke my mind like nothing else. insta - michael______og. send a hi !
Golden nuggets.
Wise words, thank you.
there's nothing wrong with a woman being attracted to expensive cars. They are future mothers, it's nature itself dictating through billions of years of evolution to mate with a male that will be able to feed and provide for the off-spring. Same as there's nothing wrong with men being attracted to femininas with large titties and good skin cause it's nature itself dictating that a feminina like that will be able to bear the child, not die in fuken labor and then be able to feed it in its infant years. Now the time where shit goes wrong is when ugly af fat bitches like half of california are so brainwashed by social networks into thinking they don't need to take care of themselves and are STILL entitled to date males with Lamborghinis, now that shit is plain wrong yeah.
I guess the morale of the story is to don't loose YOURSELF!! chasing after the money. Well put foward Nick.
Yes good point! For a lot of people it may also be to try and find yourself too. I guess, like how I was, a lot of people probably don't know what they truly want etc. while they're on their journey.
I don't care about money or being super rich. It just beats working. Best mindset to have.
Work smart not hard.
I'm actually enjoying life so much more since I've chosen to invest and trade. It has actually enhanced my minimalist lifestyle. I'm selling off anything I don't need and use that fiat money to pay for groceries, the barbershop et cetera. Meanwhile, I'm putting all that lazy spare money on my bank account to work through trading and investing. Financial independence will buy you mental ease. I don't care about cars, expensive holidays and what you have. I rather work out, read books, meet friends and enjoy people in general. That's real wealth. The money is just a safety cushion to protect you against unforeseen bills or financial blows to people who are dear to you.
Martijn M
We’re on the same kick fam
Sir can you help me in trading..? I'm from India.
@@lonewalks7265 nice try
@Block Chain I'm from your future, you need to follow the blue giraffe... don't hesitate, they're watching
That's exactly where I want to be a year from now.
after i made my profits i walk away from the screen and live life i will take your word 💪 inshallah we will all be happy ❤️.
ISLAM TRADER HAA
Inshallah
Mashallah
Amein my brother
Find something you're passionate about. Spend the money there. You can make others happy, and be happy in the process. Just my two cents.
Meanwhile I'm jumping around with my 10 cent profit trade....
You're in profit. Not on red
And that's because you trade in shorter timeframe
Bruh🥺
@Block Chain Swing trades do not occur in a day, it is from 2 weeks to 2 months.... if it happens on the same day then it is called intraday or daytrade.Gaining 10% on intraday is extremely unrealistic even 1% is a pretty high number.
"Nobody ever lost money taking a profit" :)
You are ahead of the curve, young man. The old saying " money can't buy happiness" is right. BUT, what money can buy is freedom. If you can't be happy with freedom, it's not the moneys fault.
The hardest thing about trading for me was I never felt like I accomplished anything. All I had was a bigger account, if things went well. When I was young, and built houses, I could see what I'd done that day, and 30 years later I can still drive by them.
The best thing I ever did was set a number, as a goal, and quit when I got there. I still keep an eye on the markets, and have even been trading when they offer free money, like the last couple weeks.
Trading is hard work and a lot of fun, but very lonely, and easy to burn out. Once you learn to walk away from a screen, life gets better. There is always another trade. Enjoyed listening to you talk !
Are really this much money into this stuff? Like enough to make an income if you're good enough?
@@AssasynCounterExtrem Lol. Yes sir. There really is enough to make an income if you're good enough. It's really possible to get very rich trading but like most things you just need to put in the work. I am nearly there.
I respect your opinion and say that I'd never feel the same. I need money to pay for so many things in life and I'm looking into trading as a way to escape my life. People say money doesn't buy happiness, but I bet it will relieve all of my stress and debt.
Keep striving. Read and learn for yourself - books and trading principles. Go for the longer term trends. Swing trade shorter term but learn to catch long term trends. Read 100 baggers by Chris Mayer. Good journey to U.
Yes mine is same as urs..we want money to get red of stress nd debt..blessed
Trading to me is having the freedom to do what you want and when you want. You don't get that with a 9 - 5. Having time to spend with others and family. Treat them and make there lives better.
Most successful traders have an extremely tight schedule.They have to do a lot of research and be glued to the computer screen.You won't get the kind of freedom you desire if you pursue trading at least if you want to be successful at it.Do it if you love it, if you think traders are free and can do whatever they want any time...you are dead wrong!!
@@ptnibin123456 Dude don’t be so negative I make around $450k+ a year from trading stocks and forex and I’m not glued to my screen I check my trades like 4 or 5 times a day. Trading is not just about being glued to your screen and looking at charts. You can be glued to your desk and get a shit ton of work to do but you’re going nowhere with that negative attitude. Be positive and you’ll start seeing more opportunities everywhere you look.
Best of luck to you though!
@@trmibp9441 Soon enough, you are gonna end up losing everything you made with that kind of attitude. Trading is about being realistic and consistent. Huge amounts of optimism is not gonna help you out here. There is a reason why the majority of traders are in loss in the long run, if it were that easy everyone would be doing it. Take a 40 yr time period, the best traders in the world would average 15-20% Cagr....Consistency is key here, Cagr matters not amount!! Trading is a full time profession, that requires a lot of research and dedication.Those who do not realise this, make money in a bull run and are wiped out in the next market cycle.
@@ptnibin123456 I do quite a lot of research I just don’t day trade because that’s where lots of traders lose money because everyone wants to get rich quick and yes you’re right a big correction in the markets wipe out most people but if you do research and your strategy lines up you can make money in the bear market and in the bull market i shorted bitcoin from $58k and well look where we are now it’s at $31k so how about you just also trade and gain experience and make some good money because it’s possible and remember live the life you want to live don’t just be another statistic yes everyone loses money at some point heck what if Monday morning you walk into the office and your boss tells you sorry our company isn’t doing well because of the markets and you get fired…To be honest the financial markets don’t just affect traders they also affect businesses and the workforce just look at the 2008 financial crisis or the dot com crash lots of people were affected in those days as well and yeah businesses had to shut down so don’t be negative anything can happen. I’m not mean or anything but I’ve come to learn that with the right mindset and goals you can achieve anything
@@trmibp9441 Ok, good for you....but I still believe Trading is a full time profession, and the Cagr will be more or less the same in the long run. You can lose money in trading, this is not equivalent to getting fired as you do not lose money here, it just means loss of income, as long as you have the necessary skill, you can get a new job. It doesn't impair your life, whereas a serious mistake in trading can result in bankruptcy....Rick Guerin is the epitome of this fact.
Must be nice to be at a point in your life when money starts to lose value....
I've watched this video twice and it totally makes sense from start to finish. Money can lose it's value and life can become depressing. Thumbs up
After five years in forex learning and watching thousands of videos, I think Nicholas is an honest guy, not only nice and honest but also a glittering-face guy! I like very much the way you explain the things, in a simple and direct way. Thank you.
I feel like this video popped up in my life just when I needed it to! It is so nice to see someone talking about the actual reality of trading, I hate the illusion some people try to create through social media about being a trader.
Use the money from trading to build assets that pay you. There's your consistency in life for money at least.
I think we can all identify, because sometimes trading is more about the game than the money, It is a sport where you are testing your wit strategy and nerve with the best traders in the world, but the money is very very sweeeeeeettttttttttt!!!!!!! Building wealth gives you the opportunity to be a blessing to others...................
I have watched this video quite a few times. And here I am in 2023 watching it again. This may sound cheesy but you are my idol. Not just in terms of making money, but from moral side of things as well. Seeing the amount of success you have achieved and still be so humble, genuine, and generous is just amazing. On top of that, your passion for the skill of trading is unlike anything I've ever seen. The Duomo Method is extremely underrated and to be the person to lay off the basics for such an amazing way of trading means how professional and educated you need to be in the markets. I've thanked you many times before (to the point where its getting awkward now haha) but I truly appreciate you from the bottom of my heart. I wish you the best of everything!
Thanks so much. Your comment really means a lot to me and it's kind of you to share those thoughts with me! I'm glad I've been able to play a small role in your development.
- Nicholas
Still coming back to this video time and time again. It's one of the most honest video about money even outside trading/forex, sometimes I need to remind myself of how it is from the other side.
5 years later and this video is still relevant. Thank you for sharing your story, I resonate with every point you made and feel a little less lonely knowing that others have shared experiences!
This guy is real. He speaking the truth
How do you know? Are you his conscious?
@@nullnull8837 because at the time, I was making 10s thousands from trading too. And it does start to feel like just numbers on the screen so I know how he's feeling
Louie YT Ok, I get it. But I believe then you’re the issue not money. You can find ways to distribute that wealth for example to help someone through tough times. Like fund someones education or create a foundation helping with different courses. Just a thought.
@@nullnull8837 I never said money was an issue? I just said it looks like numbers on a screen after a while, it doesn't bring much true happiness to your life. People think money makes them happy, and he said it's not going to solve your problems. Which I agree with and that's why I said he's being real, because I felt the same way.
I liked your openess, thank you for your sincerity. As a Christian, and learning to trade / invest, my purpose is not just to have my need's and my family' met (food, medicine, transportation, clothes, etc.), I want to be the hands and feet of Jesus, helping others fight poverty, lack of education, illness and loneliness. Being alone is a great form of suffering these days, and I'd like to tacle on this social issue with resources and the help of churches. I've have had a high paying job in the past and I'm aware that money does not necesarely humanizes you, it just unlocks rooms of your mind and soul that you didn't know where there before, and that poses challenges and hard questions. So, it is good always to work hard, think hard about what am I doing here? Do I have any purpose or cause I'd like to invest my life in? The Bible says the greatest thing for which God made us is love: to love Him above all else, and to love our neighbour as ourselves. Thank you for you channel! Greetings from Chile!
Beautiful "Amen"(-:
What the fuck did I just Read.
Yeah sure Religion and Money Go hand to hand.
Eklhips Your Money won’t save you when your 6 feet under ground
You'll do good , Amen bro
I can totally relate to this. I have a friend who's family is loaded! I've been on 2 month long European vacations with him going to Morocco, Spain, Tunisia, Italy, Greece and Turkey. There are things that are great. To finally "live" with no concern about money. But there is a downside. Like you said, your problems are still there. For me it wasn't problems, but I felt "empty". My life ceased to have meaning. I was aimless. Just traveling and wandering around but I felt like I didn't have a purpose anymore. I think that was the most surprising thing for me from the experience. Everyone always wonders what it would like to be rich and they are sure it would be great. And that's true to a point. But people never think about the other side. I'm a trader. Last year was my first profitable year after 8 years. I do want to make all the money I can but it's not for houses, watches, clothes, cars or any other material things. They can't bring happiness. The money will enable me to be "Free" and have the resources to fulfill a purpose. To do something of meaning to me. To be able to truly "live"!
Jaden Grant LOL....ya, it was fun but amazingly it did get kinda of boring. Hopefully, you'll be able to experience it yourself and see what I mean :)
It comes down to why you want money
It's been me and my screen for gaming and work for over 7 years, so... yeah. Probably when I reach something like that, I'd donate a lot of it to my family and friends to help them get into the financial freedom I'd like to see them at focusing on setting up constant passive income to them, and then create a charity for the poor, especially focused on housing, food, mental health and kickstarting them to get a productive job.
I know you recorded this 5 years ago, but I think what you put into perspective is so timelessly important and I have to thank the 5 year old younger you for that. So, thank you so much mate for breaking this down to us so mindfully. I hope life keeps treating you good :)
Thank you!
Your experience is my exact experience as well. Not with trading, with business and 'friendships'/girlfriends'.
I've been downsizing/offloading almost everything I own as it doesn't give me any joy at all.
Your honesty is refreshing. I've subscribed :)
Step 1: define your goals
Step 2: make sure you have these goals for the right reasons (your long term happiness?)
Step 3: visualize your path to achieving it
Step 4: execute (hard work/determination/patience/consistency/accountability/really be able to look in the mirror)
If your “friends” treat you like that you’re not your friends. Surround yourself with people who deserve your company, know your worth. Be able to stand up for yourself and not be pushed around by desire and peer pressure
Love this video! Great content, keep up the good work
If I had this kinda money I would just buy a decent house and chill errrr day. It hasn't gotten old yet haha. Money brings some creative opportunities to light. You just have to know what you want before you even have dough
money is a catalyst for happiness, not happiness itself
When my family was in poverty, I thought that I just needed to study and get a job. When I got a job, I thought that I just needed to save. When I started saving, I realized that without investing, taxation and inflation would erode away my savings. When I started investing, I realized that government spending was out of control and their monetary policies were utter madness. And now I'm just wondering how this story ends... perhaps having something to do with poverty...
SashaXXY that has something to do with fear about loss... It is important to accept that everything is temporal it is important to enjoy life as long as we can
Maybe you need to read more economics, all the problems are because of private and not public debt, then you will start to understand the world a bit more
@@felixii4931 LOL! Feel free to tell Venezuela that government debt isn't a problem. Just tell them to print more money!
@@SashaXXY
Venezuela's problem has nothing to do with debt you fool, Venezuela has the biggest oil reserves in the world, a reason why yankees and neandearthals like you europeans want to take over and ruin it like you did to most of the world, again, read more economics, you know nothing yet and what you talk about is laughable
You're right. I think the US needs to stand by and do exactly nothing as Russia and China take Venezuela over and enslave everyone there. There's still plenty of room for them to serve as yet another example of what happens when you implement a socialist government that runs its country into the ground and then keeps borrowing until everyone is destined for a lifetime of bondage. Too bad I don't make the policies.
the way my life is set up money would fix 99.8% of my problems
nah man
Stock Wise says someone that has money
@@youngandsuccessful22 If you are soulless like me it will fix all your problems. Have fun and learn.
Trading is a journey , not a destination. Its all about discipline and daily rotines . So getting better as a trader is like getting better as a human being + youll get the money as a present
Good way of looking at it! I've definitely become a better person and learned a lot about life as a result of trading.
- Nicholas
@@Duomoinitiative waaa thx for the reply - there is nothing that makes you more self aware as rejection of a woman and rejection of the market (losing money)
thx for the great work , love your videos , shared them with everyone whos into trading
What you've said is so true. You get to a point of emptiness, everything that you have always wanted to do and have was nothing in the end. What do you do when you have everything? Life is so boring when you have nothing to strive for. Trips, places, material things don't matter in the end. I now find entertainment with dressing as a normal human being giving money away to people who need it. Giving is your next calling. Trust me, it feels great.
I believe you felt increasingly unsatisfied as you gain more wealth because you were expecting "happiness" out of it. Satisfaction in life comes from helping others and giving back. Loneliness is a perspective problem.
Yes that first conclusion is definitely a major factor. I think the important thing was reassessing my values and purpose, which helped.
Great stuff
Good video. Why not use most of your profits to reinvest into property rental income and automate your income so you can trade less and have more time to others. Well done.
I love his personality, this is the first video I’ve watched from your channel and definitely will not be the last.
"Keep your friends rich, keep your enemies rich and wait till you find out which is which."
- Tony Stark
6 minutes in and this is the most useful and humane video i've seen about trading yet. We often look at money as if it is the only thing that matters (and of course they do to some extent) and that we should put our efforts to. That's where things start getting creepy. I had the exact same experience, lost my beloved cause i was too worried about making money and always working, not seeing it wouldn't actually fix a thing. The opposite, actually. I didn't earn any money, I just bought them with my time
Good to hear of your history, 1 more good reason to me to master this trading is to get rid of fake friends and help those who are in real need
As a past trader and investor I appreciate your honesty and behind the scenes of success. Thank you
Thank you
2 words, "real estate". Get cash flow positive, keep trading to stay busy and have financial security for ever
how?
i'd love to learn
just ask to your rich dad about that
Hey man, I just came across your video on here. This was a really great way to just simply spread some truth, and I can see several of your points you made in my emotional journey of learning to be a trader. Thank you, and I look forward to watching many more of your videos and learning from you in the future! Take care.
All problems - trading or otherwise, are a reflection of perceptions in OUR HEADS. Perception............is a story ( has nothing to do with reality) Life is all about Balance. Having enough money, so we don't get stressed with bills - having a caring partner - Good friends - Keeping in good shape ( for good health) and more importantly........getting up in the morning with a sense of purpose!! How many watching this video, do what THEY LOVE, and earn LOTS OF MONEY! Probably, less than 3%. Day trading on Short term time frames, to me is NEVER Sensible. Hence why, I trade Daily time frames. Good video Nicholas. We all need to Work on our INSIDE WORLD FAR MORE!!
All I have to say is thank you Nick, it's been a hard road for me trying to get back into trading, after all that's happened the past few years. I thank God that I came across your videos online they have truly been life changing. I remember my first withdrawal went out and got myself a watch too, learning a lot from you stay blessed.
Nicholas Puri
Hands down this is one of your best videos. I can relate to your saga. Trading is actually a lonely occupation. Great insights about the worth and value of money or the lack thereof.
So much content in this video 👌. This is the reality. being honest, how often do experience traders lose trades?
I would say most experienced traders will lose trades more often than new traders. If you look at the win/loss profile, new traders are defined by many small wins and few huge losses, since they’ll close winning trades early and hold onto losing trades too long out of hope and loss aversion. One of the keys to becoming a good trader is being willing to take a (relatively smaller) loss and knowing when it’s time to hop out of the trade.
I remember when I used to give private lessons about Forex trading and most of them always started approaching me like ; do you lose trades sometimes? How long is your current winning streak?
@@carolinedonoghue6302 sounds Interesting and what were your replies?
@@silviamazzieri6711 I replied, how many times do you need to be right as a profitable trader, 70%?80%? Most beginners think most times it should be higher than 50%. What if I tell you that; you can be profitable been right only 40% of times. Beginners will benefit a lot from his mentorship : inbox shannemoody via telegram. he is convenient.
This is Honesty at its peak. Although I've not started making money from trading, I literally feel this way when I trade with my demo account.
I had friends who took advantage of me even when I didn't have much money! Some people are nasty so it is nothing to do with whether you have money or make a lot of money. Just choose your friends wisely (part of our lives journey)!
What’s the account size you started with? What’s the size you built it to, and how long did it take you to get to that amount?
Additionally - what was your journey - where / who did you learn from? Did you have a mentor teaching you in person, or did you learn from books or courses?
I generally rarely comment on YT Videos. I'd say I comment 1 out of every 1000 videos, but felt compelled to comment on this one. I wanted to say this was one of the best and "most real" videos from "gurus" that I've watched. First of all, there is almost no editing/cutting. It's almost a continuous unscripted video. Second, it's felt very honest which is a rarity on YT these days. Thanks for sharing your insights, they were quite valuable.
I like listening to Nicholas, he always gives his honest views of trading, not the flashy videos of guys stepping out of lambos and boarding corporate jets to some chill out music telling you to come on a journey with them etc.
Thanks for your openness and honesty. Most people think money brings happyness, but it brings new problems. My goal is to get my trading to a point where I can use it to fund my life passion, in a men's recovery center. Trading should be the how or the means to following your passion.
I had the exactly same experience. To keep your self at the edge and track you need bigger goals than money. If your ultimate goal is money, you will get it eventually and loose the way. If you have bigger goals money will never be enough. Especially if you involve yourself in politics and changing the world. :)
This video is deep I’m a young forex trader and making more than everyone my age in my city. I am guilty of some of the things said in this video. But now I am going to spend money like how I would as a normal 9-5 worker. Thanks
honest , friendly , funny , authentic , humble :-) greetings from Basel
One of the best and honest videos I've seen in a long time. Thanks for putting it out there.
Thanks!
This is just too great.. this guy has experience..it all seems negative attimes but it's not..I suffered so much loneliness, patience..had to check out what's more important.
"the path of excess leads to the palace of wisdom."
Im 18 and Im doing my research now because I want to start trading
Henney I’m 17 too and I’m tryna start trading too
Best thing you can spend your money on is a professional trading coach or psychologist, such as Van Tharp. The second is a journal, third is a large hard drive so you can video your trades, then watch them over so you can learn to not repeat your errors, but continue to repeat what you are doing correctly.
The main thing for me would not be the amount of money being earned, but the complete financial independence that comes with it.
It's the not being stuck in a dead end 9-5 job being drip fed and having the carrot constantly being waved and moved away from you.
Yes you're right. When I stop and think about it, I'm grateful that I get to live on my own terms. I work more than I would in a 9-5, but it's out of choice and I get to decide how I approach that.
- Nicholas
@@Duomoinitiative that's exactly it, you're working on your own terms, a free spirit.
The sincerity is fine. I subscribed. Money is a terrible illusion. I'm a dentist and look forward to switching to trading full time. I do plenty of meaningful things to humans who love to hate me, cry their eyes out before, during and after I treat them some smile and laugh even, but I've had it. The solitude of trading solo is going to be perfect after all these years of this dentistry thing. Just perfectissimo 👌
I was an assistant. I can relste. However... I hope someone can fill your position and not just completely giving up the whole company
Thank you for your honesty and transparency. I think you had some great unintentional introspection. I hope you gained as much as us listeners
Thank you. Yes I hadn’t expected so much to come flooding out like that!
- Nicholas
he is telling the truth...about how too much money make you sick and bit crazy. trading is lonely and stressful. thank god i still have my wife and my kids with me....
I can't wait for the time when making £10k would be boring
You are right about the other You Tube video's on trading. All flash, materialistic...You are a very honest person and have a great personality. I have experienced much of what you have. I have just
restarted trading again. I am doing very well and am going to retire and do this for a living but I have worked a long time, 34 yrs in the aerospace ind. I very much enjoy trading and you are 100% right about the cash. Thanks and God Bless
Refreshing to watch a non-American trader on TH-cam. I'm subscribed
7 years after this upload
Thank you for this
Its for real and your honesty is brilliant
Wow! this is good, not what I expected, money doesn't fix everything, I'm 60, retired I haven't traded in a decade, now I opened a account, been looking a YT people want to join their club for $300 a month, NO that is pump $ dump that was 2 decades ago I traded in the dot com bubble it happened then and now.
Helping people with education is the best way to fix that loneliness from the trading
thanks for the video. been trading for over 12 yrs actively. i've lost lots of money early, made them back and then some. i could relate to some of the things u said especially about money. i've becoming such a loner cus it's part of the job. money has very little meaning to me when it's in the account, but if i take the money out to spend, i get paranoid. in back of my mind, i'm afraid i will give the profit back some day! lonely world but fun world as a trader. take care and good luck.
One of the best and real speech i have ever heard about Trading Lifestyle.
BIG UP
It was the other way around for me. I've had (still have) an online business and had almost no time left for my girl or friends. I started trading and invested every free minute into it, knowing it was a slippery slope concerning my relationship. But after the big money came in, I've got a new employee and devoted most of my "working-time" to trading and now I'm sitting here, trading 2-3h a day and doing all those things I really love in the rest of the day, it's great!
S damn i wish one day to do the same. How long have you been trading ?
@@nongrada6004 Its been about 4 months now, but at least 500 hours screen time (which is important)
S wauw and youre already profitabel i ma 19 trying to make this a way of making money to be Free and invest. you inspire me even more i have been trading for 6 months now and its going on and of with me
@@nongrada6004 Sounds great. Its not the total amount of months you trade, but the effective screentime. Also dont underestimate risk-management.
sounds like we have been through similar things. I left my career of ten years, went into full time emini's crude, gold , S&P and Dow. After two years I made the money, people stroked my ego all the time because i would arrogantly tell them how I much I made.... the reality was I had a major problem with an anxiety disorder and was popping antidepressants like M&M"s. Made the healthy decision to return back to work, its been 3 months and I am doing great. No more 14 hour sessions in front of the screens. Now just trading part time and understanding that in life you must have a balance otherwise you spiral out of control. Thank you for sharing
Thanks for sharing your experiences too! I'm glad to hear you're living a more balanced life now, that must have been a huge decision to go back to working - not many people would have the strength to do that!
I love the money and yes im very addicted. I went from sleeping on the floor and saved up 5k and made a 100k plus in 1 year. Different strokes for different folks. I sleep with a smile on my face 😎
Red Hawkin I have 5k saved up, how did you learn how to trade?
100k damn bro. Can u teach me lol I'm looking for a mentor.
Chris G i learned watching warrior trader and clay trader and tons of research and e books. I also traded on margins for more buying power to add more to my gains. Then in also have a few index funds i invested in that pay out as well.The more research and practice you do, the better and more prepared you will become.
Michael Shue lol im only a year at this and i took many risks to get my account to that. I advise following clay trader and warior trader on youtube and going through there videos. These guys are experts and have been doing this for years. I don't pay for those courses because alot of the info is free on youtube. Also check out ebooks on day trading. The more info and practice the better.
Red Hawkin bro what do you trade mainly?
I really appreciate you making this video. I'm not at your level yet, but I've just started becoming profitable. I've made a point to spend time with family, especially the older ones as opposed to being glued to the screens and seeing someone at your level speak about the thoughts in my head only confirms what I already believe. Thank you very much
Can you do a video or series of videos documenting your journey to becoming a successful trader?
Thanks for the honesty! It may sound arrogant to some but the golden nugget is about how money is not a problem-solving tool. Most people would want your problems as they are not in your perspective, not putting themselves in your shoes to see things in your view. It sounds good to have a lot of money, solving short-term problems but it comes with a different set of problems too, short-term and long-term ones. I guess the few main points is to understand the meaning of 'having enough', not to have an obsession with money and to recognise people's intention. This is a very good video if you fully understand the deeper meaning but it might not resonate with most people as they are here with the intention of solving their problems with money. Nonetheless, it's good to hear from the other side of life and I deeply appreciate your honesty, Nicholas. Off I go to click the subsribe button! :)
There are very few videos on TH-cam that has gotten me so glued to my phone as this one did, I’m just trying to get into trading and I can already tell that the path ahead might be exactly as you’ve described. I’m the type who doesn’t know where to draw the line and tell myself “‘maybe you’re doing too much”… and like you said, I’ll always wanna think about how much I could potentially be making if I stayed at home and traded as against going out to live and experience life. Thanks for sharing this with such level of sincerity and detail. Bless
If I could go back and do it all again, I’d make much better decisions to have better balance and avoid a lot of unnecessary pain. I hope you’ll take it on board and maybe restrain your own excessive tendencies! (I know it’s easier said than done!) All the best buddy.
The Duomo Initiative - Financial Education hey buddy, so I started trading last week, got a $11,000 relocation allowance from my job and poured it all in (8k). Bought this highly volatile Indian stock called IGC which was soaring so much for about $2k and I doubled my money by the third day, sold the stock only for me to get greedy or cocky or having a FOMO that I reinvested it all back in and it crashed that same day. I’m a bit young, work for Intel Corporation so I think it’s not a big deal losing that money but I can’t keep losing money like that and so I would really love if someone with your level of prowess could be my mentor
You come across as a REALLY genuine and nice guy. May I ask, do you have statements to prove your success?
Thank you for your amazing video!!!!! just started on my trading journey....studying like crazy while doing 8 to 5 on my daily job to save money to open my trading account.Will get there eventually , just have to keep going until i am good enough to trade consistently.
Love the honesty, such a refreshing change from all the online marketers selling their millionaire trading dreams with zero worries or problems in life. It's all an advertisement with them.
I’ve had a similar experience of this hollow feeling. Actually you described it just the way I felt it. I’ve finally hit 6 figure trading account when I was 20 from trading cryptocurrency and just sat in my room feeling completely empty. It just shows that money is not the highest value in life as many people think. I recommend you research SPIRAL DYNAMICS. It’s a psychological model showing the evolution of human values. Once the person realizes that money, success and fame will never bring fulfillment, he tries finding it in a community of people, friendships, starts focusing more on the benefit of the world instead of just himself. And the values don’t end there. They evolve once we realize the constraints of our current values. Really interesting model.
Thanks for sharing your perspective!
LEO GURA - google him!!!
Will check it out, thanks! It isn't an issue for me in the same way anymore, but there was definitely a lot of self-reflection needed and changing what I was driven by.
Im a new trader and coming from someone poor like me , i can tell you money will buy happyness for me ! Most important thing would be to buy my freedom ! Time is the most valuable asset you have in your life. Id be able to not worry about my bills. Anyway about my trades so far... i made 10$ with Macy lol and then made 100$ with swing trading a reit stock...slowly but surely ! Hoping to get 100k one day and finally be happy !
Pokiblue I know what you mean, cause I’ve been poor myself. And I thought the EXACT same thing. But this dream that money will bring happiness is only an illusion. Once you earn the sum you want right now, you’ll be excited for a few days max and you’ll just want more. The hunger for money is never satisfied. Sure, it takes some worries away such as the bills. But deep down you’ll still be the same person, wether millionaire or broke. If you’re not satisfied with life right now, you still won’t be once you get the money. You’ll probably have to go through all of this yourself to truly get this but from my experience when I later lost most of my money I was paradoxically much happier.
All we have is this present moment and we can choose to be happy and grateful with what we already have or focus on what we don’t have and chase it for years, only to find out that wasn’t the answer.
Take care, wish you all the best!
I live in London! I work 9-5 doing IT support and everyday I come home and watch trading videos, I'm still so shit at it lol I actually really liked this video! its the first of your videos I've watched and it came on automatically. I love your mentality and views on money and life. Don't ever feel the need to not express yourself or say what you think!
This video truly spoke volumes! Such a great video! Everyone on social media makes trading always seem so glamarous and problem free. Thanks for the amazing insights!
Thanks Aleesha!
Honestly shocked at so many thumbs down. So glad I found you. This was so amazing to watch. No charts no TA just from the heart. Thank you sir. Respect! Currently diving into all your videos.
Thanks for the honesty. maybe that's why you see a lot of successful traders on youtube trying to teach and give knowledge. even though its not necessarily for free, it gives them a purpose and makes them feel whole.
4 yrs later I’m watching this video and gained great value from it so definitely not a mistake to be honest and vulnerable 😅😊 thanks!
Great vid bro ...but the key to happiness with money is to GIVE it. Away!!! You will never experience a better high than to help out the less fortunate! Try it my friend and you'll be hooked!
agreed😊
thank you for been honest. Im studying to become a trader and I know education and practice is very important before going live.
How about you just keep compounding without changing your lifestyle too much? I realise that must not always be an easy thing to do, but freedom comes for me number 1, and there is a certain treshold when you could say this is enough? E.g. what is supplementary above that treshold you could put in a portfolio of safer deposits that earn 5 - 10% annually, and keep trading for fun and compounding into safer investements. I am certainly not there at all, but that's what I would imagine to be a good strategy (?). Then you can also calculate a percentage for yourself to spend and stick to it, like e.g. freelancers would do.
Has to be one of my fav videos from you, Nicholas. Speaking with personal experience and honesty.
This is by far YOUR BEST VIDEO EVER..appreciate the honesty ..Wishing u all the best in your future,and current, endeavours! !
Man. EXCELLENT STORY. Thank you so much for this.
I am officially a subscriber.
Keep the videos coming. Keep being yourself. I love how organic and sincere your video feels.
Awesome job
Thank you very much Kenneth.
The reason's why I trade
Two main reasons are
I have no choice too start trading as I'm young too achieve things before I reach 26 or 25
Last reason is
:it's hard for People like me to start what I wanna start to achieve what I wanna achieve here in South Africa
Hit me up ive got signals lets trade
@@allenmgroup4401 Already then
Gal,tell me about it!
No one emailed me
I understand you man, no matter the amount of money you make, that hollowness never goes away. I honestly never felt as complete as I do now, now that I have accepted Jesus as my Lord and Saviour. Brother I understand.
Amen Bro...GOD Bless you!!!
so brutally honest it's dope! I subbed!
i loved to hear your story. if u have more stories, then please do share! i can learn a lot and i do enjoy to listen...