After 5 years of “trading” and watching thousands of hours of TH-cam videos, this is by far the best video I’ve watched on trading. No BS and no nonsense!
Nick, I have been a profitable trader for 10 years and routinely still look for ideas posted by other people in my continuance to learn, however truthfully with the exception of one it has never influenced my trading strategy. I hate indicators and the only thing on my charts are S/R zones to govern my theory on market manipulation. This video is by far the best and most relevant take on trading I have every seen. I honestly wish more traders who have found success and have gone through the proverbial shit process would post stuff like this. Wonderful f**king content man. Thanks for not being one of these idiots trying to bolster their own profile by posting crap. Bottom line and best point in my own words, simple and repeatable process without emotion is how you make money! Great Job!
I have been learning how to trade for 1.5 year now. I'm about to take my first withdrawal EVER and its 15k, made in 7 trading days, started from 800. Your risk management is the only reason I could do it. Once I have enough money, I'll buy your courses because I can only imagine the value in that content if this is what free content has done for me. Thank you Nick... my family will forever be thankful to you for what you have given us. Now the only thing that's left to do is be consistent.
Dang man. 27:38 hit hard. That's me. I'm so embarrassed to admit this but I've been trading on and off for almost 8 years....still not profitable. I keep coming back. Spent countless thousands of hours looking at charts trying to find edge. Thousands of screenshots of different "setups". Been through terrible emotional swings man. Took me this long to really have it drilled into my head that there is no system out there and that markets are impossible to predict. I'm not looking to make millions. I just want consistency. I know what you are saying and showing is true.
I've seen quite a few of your videos here on TH-cam and I always take everything with a pinch of salt no matter who it's from on here as you know how it is lol. However I fully endorse everything you say here. The realist talk! No bullshit, any beginners here please listen to this and watch it over and over. It's all probabilities and risk management. You just need an edge a ton of discipline to find that edge and collect tons of data. Oh yeah and don't forget you're your own enemy when it comes to trading. It doesn't have to be complicated! It just needs to be consistent. Great video!!
This video was on my main page for few days. I know you from the B The Trader interview. I'm struggling like most of us. I needed to see this video. Thank you.
I just found you out. Subscribed. You speak truth and your simple and humble approach is what is needed in the trading community. Been trading for the past 3 years, not consistent yet, passed a few funded challenges and get just a couple of payouts. blew it all over then. Your speech right here is literally what I am going to apply . Thanks Nick for sharing your experience, Inspiring
Great video. I watch several youtube videos on how to trade in the market but haven't made any head start because they are either talking some gibberish or sharing their story of how they made it and I do not want to make mistakes by taking risks in my own hands
The best strategy to use in trading is to trade with a professional who understands the market quite well, that way maximum profit is guaranteed, I'll highly recommend Karla Alston, she is my current trader and her strategies are working
Interesting you mentioned Karla Alston, she is the best and her strategies works like magic. I've been making over 80% of my investment weekly since I started investing with her trading service
The truth is that, with this recent economy everyone needs more than their salary to be financially stable. The best thing to do with your money is to Invest it rightly because money left for savings always ends up used with no returns..
The YT algo brought this video to me, and I am so glad I watched it. Initially, I was laughing at your deadpan delivery, or maybe it was a stress relief over your content. I so appreciated all you covered. Simplicity, delusional confidence, and no fear are powerful attributes to trading profitably. Risk management is core to making profit. Thank you for sharing lessons you've learned from trading.
I like how you emphasized that you and most of us are just people of average intelligence and yet we can still learn to be profitable at this. You seem very relatable, humble and to the point. I like your approach and I’m encouraged by this. Thanks!
Great video, trading come with a lot of benefits And I have just bought my first house through it. As a beginner I was scared of loosing my savings but I’m glad I took the bold step that is now favoring me.
Okay but is not luck, is all about having good investment plans most of all trading with a trust worthy expert. Watching professional trading videos and most especially connecting with the right person the digital world is full of in unreal people I met some of them during my success journey. I felt same way when I started especially when you use demo account you might be winning but when you put in real money you start losing I understand and I pass through it all. I’m very happy I’m profitable now.
Currently i can attest to the fact that I make $18,300 weekly through trading which is more better then my monthly salary job. Trading becomes my passive income.
Is this really a good time to buy stocks? I know everyone says the mrkt is ripe enough for buying but will stocks tank further this year? How long until a full stock recovery? How are other people in this mrkt raking in over $250k gains within months, I'm really just confused at this point.
It all depends on how long you're willing to hold for, stocks might likely tank further, but making serious gains in this downtrend wouldn't be a problem if you're a pro or you have a pro guiding you.
Very true! I've been able to scale from $350K to $650K this red season because my FA figured out Defensive strategies to protect my portfolio and profit from this roller coaster market.
@@roddywoods8130 That's heavy! keep it up, I could really use the expertise of these advisrs, my port-folio has been down bad....who’s the person guiding you
@@selenajack2036 Having a coach is key in a volatile mar-ket, My advisor is " Mrs Marisol Cordova" You can easily look her up, she has years of financial-market experience.
The frank rawness and relatability is oddly rare and a fresh breath of dope. Thank you as a content creator and day trader. You’ve helped me more than you know.
1. Plot weekly highs and lows 2. Draw 4h trend line following weekly price 3. Wait for 15minute break n retest following trend 4. Enter during London & NY session 5. Rinse n repeat (pick your R/R)
if ur working on the 4h with trendlines , its needed on 15 m entry to have a bigger stoploss am i correct? to not get wicked out etc? especially when u get one of these , it breaks it retests goes down and goes back up again breaks again, and then just flyes the way u want it to. To avoid this kind of Last grab u need a bigger stoploss to make this work ?:)
you can do all that, the trade will always be 50/50 that's the mentality you must adopt. Master risk and trade management, strategy is literally only 30% of your outcome. To get good at trading, master your trade and especially Risk management. Most of the time, I trade like I already lost, that's how focused I am on excellent risk management.
@@musaninlebesi50 same here, when I put on trade I book loss instantly in my mind, I practice now to wait for my stop loss to get hit, because my plan was - I was wronge WHEN SL got hit, not before
Great Great video. Everything you said is exactly 100%. Even the intro as to why you would want to trade. People talk about about controlling emotions. I have come to learn that it's not about controlling emotions as much as it is getting punched in the face so many times that you just become numb to it. Constantly daily repeated exposure to potentially losing money will dull your senses to it. Good luck everyone
Yes! For people like me (and there probably lots like me), the paper trade account doesn't work, cuz we know it's just play money. Rather, starting out with $10 or 20 bux a pop works better. We need to feel the burn n build up.
Dude, when I watch ur videos I feel encouraged and hopeful and ever since I started watching ur videos I feel like I'm starting to get it. I know I have a long ways to go but just wanted to let u know I like your approach to trading
your videos have elevated my abilities to another level i no longer need to even look at charts the profitable trades just materialize and my instincts take over i will return in a few months to update you on my progress
The average stock in my portfolio has been cut in half, and the only way to make money this year has been to either short or to trade long in very short time frames. I'm still at a crossroads deciding if to liquidate my dipping $117k stock portfolio, what’s the best way to take advantage of this market?
It’s precisely at times like these that investors need to be on guard against the next certainty. You don’t have to act on every forecast, hence i will suggest you get yourself a financial-advisor.
@@SallyW414 I agree, having a financial - advisor for investing is genius! Not long ago amidst the pandemic crash in March 2020, I was really having investing nightmare prior touching base with advisor. In a nutshell, i've accrued over $550k with the help of my advisor from an initial $120k investment thus far.
@@LagerthaJackson I personally work with ‘Viviana Marisa Coelho’’’ she covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her.
@@AnitaCacoa I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
I'm so glad i clicked on your video , FINALLY different and REALISTIC ! YOU GAVE ME HOPE ! if i go to the casino i usually loose 50 to 100 , so im going to try & do small trades i will take it as a great investments learning hands on how to trade , good for my mind & hoping i will make a dollar profit while learning . I'm a naturally patient , relaxed , laid back person ( ALL the qualities you transmit in your video to the point you are the FIRST person is NOT begging for likes & subscribe !!!! But i did both cause i love your RELAXED approach in something everybody is apprehensive about !
This is the most honest, humble and simple explanation of trading and its do’s and dont’s. Absolutely simple yet true, however we are engineered to believe in complex stuff and so miss on making things easy.
One word of caution: Market conditions do exist, wherein you don't just get stopped out, and thus the leverage DOES matter. Back in 2015, I missed getting smashed on the Swissy move, by pure luck ... but it was a 1.2x leverage, so even if I was in it (I had gotten out the day before), I would have survived. Many didn't survive. They went on that theory of "Well, I'll just put 10k down, and leverage up", and the stop was not hit. One nanosecond ... it was trading at X, and the next nanosecond, it gapped by like 600 Pips. And then CONTINUED to wreck people as it slammed lower. It actually destroyed entire brokerage firms, and not only smashed peoples accounts, but then they were in the hole, and owed thousands. IT DOES HAPPEN. Black Swans are rare. But they DO happen.
What I got from this video: Trading is a skill; the technique may be simple but not necessarily easy. I believe Nicks advice is genuine advice. He's clearly explained that it takes experience to cultivate the intuition and discretion required to be able to cut losses early, but once you can do that then it's enough to be profitable. I don't watch all your videos, but this is my favorite one I've seen from you so far. Thanks
Damn, this intro was well said and totally spot on. To the point cold hard truth. Hell yeah to your plan A brother! You're speaking my thoughts😎 Grind or die! All the best to you on your journey!!
I have been trading for 2 years now ,i had my good strikes but overall i am still not profitable.This is the best talk that I've ever listen from anyone from the trading community.Thank you so much man ,i absolutely smashed that subscribe and like button you deserve it
Thank you. Consistently top notch videos. To do these when you don't have too and share advice to those less successful is rare. Most importantly you come across as a thoroughly decent guy. Hats off to you👏👏
Im sorry my friend but this is wrong sir at 14:46-15:48 this is why you have a trade plan before you take the position. I was very fortunate to learn from an former award winning hedge fund trader on the proper way to trade. First off all trades have an entry, stop loss, profit target. Second once you have the plan you DO NO NOT deviste from the plan you stick to your plan no matter what! Second my friend your stop loss is always based on the chart not an arbitrary number or percentage. Awesome video and I truly love your insight, you got a new sub Thank you kindly and best of luck to you in the market 🙏
Thank you for sharing your insights and expertise. This video has completely transformed my approach to trading, and I am now beginning to see positive results.
Great video! I've been trading for over a year and i could really use a change of strategy to increase the rate of my profits! What's the best strategy to use? I need to step my finances up to the next level
The best strategy to use in trading is to trade with a professional who understands the market quite well, that way maximum profit is guaranteed, I'll highly recommend Charlotte Thornley, she is my current trader and her strategies are effective
This is not the first time am hearing of Charlotte Thornley and her exploits, how she handles investments and generates good profits, she has really made a good name for her self, any idea on how to reach her?
I started trading on a demo account today, after watching Nick's videos for like 5 or something days. I played around and guessed I'd make a profit following this strategy on a 1h chart, and it would've made a profit. Following the KISS (keep it simple, stupid) method is probably the best advice to give someone, along with risk management etc. I have a long way to go, though. My heart dropped after setting a buy stop to activate, and it activated randomly a couple of minutes ago, so imagine if that was on a real account XD Going with plan A so far. Short story long, thanks Nick 💪
Great video. I appreciate the simplicity. It's the same thing in golf. Everyone wants to drive the long ball but you just need to find a club you can hit 150 yards straight and forget the driver altogether. Doesn't have to look pretty, just has to get you closer to the hole. Thanks for posting this, it's a great find.
This vid made me a subscriber. & yes, this is the 1st time seeing this guy/ whoever you are. At this point I'm 2:15 sec in the video. Not sure where it's going, but I know if no vid on trading was ever started right, this 1 did. Cause this shit really ain't for the weak.
1st time i see your channel. and totally agree. great video man..this people is the truth for a trader. been at it for over 3 years now and finally profitable...TA and FA all goes down the drain when algos take control of the markets. (2020-present)
Two best phrases I heard that apply to trading is 'be reactive, not predictive' and 'inconsistent input results in inconsistent output'. So don't strategy swap, find one that works in a backtest, then forward test then live test. And stick with it.
Glad to see your video on my feed. I still watch a few other TH-camrs.. I've followed trades of a couple TH-camrs and I'm down so much…210k to 80k. It got addictive. My resolve is the lot are amateurs.
Before you make an investment decision, consult a fee only advisere, taking advice verbatim from youtube is like going to the intern to take lessons passed on from the professional.
Be careful not to be lured into the market too soon i rather be buying low in periods of instability than chasing when market starts to rally, this current situation has opened my eyes to the importance of a good mentor knowing what they doing.
Yo. I’ve been day trading options for only a year now. I’ve done 3 masterminds. This is the most straightforward (and funniest due to your deadpan delivery) video I have ever come across. I agree with everything you say and the biggest problem is how we overcomplicate everything. I love it well done thank you 🎉
@@enciticaldemands3974 bro taking signals and trying to copy another trader is not going to be easy like you think. In fact, after about 8 months I finally had to turn off the signaling.
I'm struggling to learn how to read these charts. Been trading since early this year but still unable to make reasonable profits. But I’ve heard testimonies of people accruing over $250k this downturn period. I’m quite indecisive on how to tackle this market, any advice would be appreciated.
This is really not as difficult as many people presume it to be. It requires a certain level of diligence, no doubt, which is something ordinary investors lack, and so a financial advisor often comes in very handy. That is how people are able to make such huge profits in the market.
@georgeh I completely agree, this is why I decided to give a coach control over my everyday investing decisions. Their proficiency in research, specific knowledge, and risk management makes it difficult for them to deliver below expectations. They emphasize minimizing drawbacks while maximizing risk's asymmetrical potential. I have more than two years of investing coach experience, and I have made more than a half of a million dollars.
@josephbush My portfolio has been underperforming recently, and I'm considering a strategy change with the help of a coach. Is it possible to get in touch with your coach?
@aureliobjm The adviser that guides me is HEATHER LEE LARIONI. She works with Empower FinanciaI services near my old office so I saw her often. There are a lot of independent advisors you might look into. But for me, her strategy works hence my result. She provides entry and exit point for the securities I focus on
Great video! Well I'm so happy I made the best decisions by having a good investment. Recently, I'm able to acquire my third house even at my age and I believe if things keep going well I would retire early
That's nice! But how did you manage to achieve all that even with the current economy that's very bad? Please I'll appreciate your assistance on how to go about it, I'm desperately looking for a way to pay up my debts and also achieve my goals
The best strategy to use in trading is to trade with a professional who understands the market quite well, that way maximum profit is guaranteed, I'll highly recommend Victoria Taylor, she is my current trader and her strategies are working
Actually this is not the first time am hearing of Victoria Taylor and her exploits, how she handles investments and generates good profits, she has really made a good name for her self, but I have no idea how to reach her
As a new trader I've been trough a lot of videos trying to learn something here and something there. Everybody wants to make you believe that they have everything under control with all these indicators and strategies.None of that is real as you say it. Market it's unpredictable. This is the most honest and accurate video about trading I have watched. Thank you for sharing it.
Nick Shawn you are the realist mother fučkër on TH-cam about trading. I can’t wait to buy your course and learn more from you. Congratulations on your success. You are definitely an inspiration.!!!
Run a SFO, and completely agree. When we decided to allow ones to see what we do, it was with a caveat. None of this crap with the big house, no "videos with flashing the cars". Trading, and only Trading, and showing how private structures ACTUALLY work. And you're right. Back in the day, I trained traders, and I've come to a conclusion. Most just won't make it. They can't work in an iterative environment, hyperfocus on entrances, do something I have long called: "Method Hunting" (Changing strategy 15 times a week), and are too focused on binary event satisfaction. Most HUMANS ARE BUILT like that, and so it's not really anyones "fault", and thus sadly, it means most won't make it. And absolute TRUTH. As a Business Partner of mine likes to say ... "All analysis, in the end, is sort of bullcrap"
I watched lots of trading guys and girls who tell some new shit for me in terms of trading. They were like gangstas of traiding some of them were like clowns. but here i am feel like in church of trading. U say lots of being humble etc. u are the one u are to bro! U change the Traders to Good people to good trading people! man! lot of thans to u. Have a nice super day!
Absolutely love what you said at 14:31... The amount of horse-shit you hear people saying about their risk percentages etc. I'm still only a couple of years into trading, but thankfully coming into it at a more mature age I could see and smell out the rubbish like those statements. I get it, but I know so many traders in my circle who forget to learn how to TRADE, because their so hung up on the figures. I'm rambling.. you said it best Nick. You're a great resource to this whole community for those who want to embrace what you're saying.. that, and a never give up attitude, which so few people have. I sincerely believe most of the reason people fail at this is simply because they won't stick it through. I'm relentless, I won't ever stop.. hence finding real success and consistency at it now. Sorry to ramble on your comments section.. haha. Just know you're appreciated. Good luck to you all :)
Nick is legit and as nice as it gets. I've been a previous member of his discord and others and if u need a mentor that you can directly speak to everyday then I highly recommend.
How can one not love this guy! Hes spitting in the face of all so called mentors and gurus!
Excellent post. Pay attention new traders......you wont realize it for a couple of years but you were just handed the keys to the kingdom.
After 5 years of “trading” and watching thousands of hours of TH-cam videos, this is by far the best video I’ve watched on trading. No BS and no nonsense!
Fr
Those first two minutes are absolutely A+. “I will never quit” is the only way to become profitable
Learning technical analysis is essential
hows it going man ?
Nick, I have been a profitable trader for 10 years and routinely still look for ideas posted by other people in my continuance to learn, however truthfully with the exception of one it has never influenced my trading strategy. I hate indicators and the only thing on my charts are S/R zones to govern my theory on market manipulation. This video is by far the best and most relevant take on trading I have every seen. I honestly wish more traders who have found success and have gone through the proverbial shit process would post stuff like this. Wonderful f**king content man. Thanks for not being one of these idiots trying to bolster their own profile by posting crap. Bottom line and best point in my own words, simple and repeatable process without emotion is how you make money! Great Job!
I have been learning how to trade for 1.5 year now. I'm about to take my first withdrawal EVER and its 15k, made in 7 trading days, started from 800. Your risk management is the only reason I could do it. Once I have enough money, I'll buy your courses because I can only imagine the value in that content if this is what free content has done for me. Thank you Nick... my family will forever be thankful to you for what you have given us. Now the only thing that's left to do is be consistent.
I've been in the markets for 17 years, and this is the best video about trading I have ever seen
You know you’re quick when you’re on the video before Nick posts it in the telegram. Thanks again nick
Dang man. 27:38 hit hard. That's me. I'm so embarrassed to admit this but I've been trading on and off for almost 8 years....still not profitable. I keep coming back. Spent countless thousands of hours looking at charts trying to find edge. Thousands of screenshots of different "setups". Been through terrible emotional swings man. Took me this long to really have it drilled into my head that there is no system out there and that markets are impossible to predict. I'm not looking to make millions. I just want consistency. I know what you are saying and showing is true.
I've seen quite a few of your videos here on TH-cam and I always take everything with a pinch of salt no matter who it's from on here as you know how it is lol.
However I fully endorse everything you say here.
The realist talk!
No bullshit, any beginners here please listen to this and watch it over and over.
It's all probabilities and risk management. You just need an edge a ton of discipline to find that edge and collect tons of data.
Oh yeah and don't forget you're your own enemy when it comes to trading.
It doesn't have to be complicated!
It just needs to be consistent.
Great video!!
On god this the greatest trading intro I ever heard in my life
This video was on my main page for few days. I know you from the B The Trader interview. I'm struggling like most of us. I needed to see this video. Thank you.
straight to the point,no BS...👍👍
I just found you out. Subscribed. You speak truth and your simple and humble approach is what is needed in the trading community. Been trading for the past 3 years, not consistent yet, passed a few funded challenges and get just a couple of payouts. blew it all over then. Your speech right here is literally what I am going to apply . Thanks Nick for sharing your experience, Inspiring
Keep us updated how it's going 🤝🏻🤞🏼
Indeed, my friend.
One query: Are you aware of an AI that's suitable for trading?
The ultimate AI trading tool goes by the name of
aihihouse
Always put amount that won't harm your Pshychology..... Trade fearlessly...... That was awesome infomation. Thankyou
Great video. I watch several youtube videos on how to trade in the market but haven't made any head start because they are either talking some gibberish or sharing their story of how they made it and I do not want to make mistakes by taking risks in my own hands
The best strategy to use in trading is to trade with a professional who understands the market quite well, that way maximum profit is guaranteed, I'll highly recommend Karla Alston, she is my current trader and her strategies are working
Interesting you mentioned Karla Alston, she is the best and her strategies works like magic. I've been making over 80% of my investment weekly since I started investing with her trading service
She has an account on telegram
Alston3👍
The truth is that, with this recent economy everyone needs more than their salary to be financially stable. The best thing to do with your money is to Invest it rightly because money left for savings always ends up used with no returns..
One of the best summaries to trading for me. You have no idea how much you have just helped me. Thank you
The YT algo brought this video to me, and I am so glad I watched it. Initially, I was laughing at your deadpan delivery, or maybe it was a stress relief over your content. I so appreciated all you covered. Simplicity, delusional confidence, and no fear are powerful attributes to trading profitably. Risk management is core to making profit. Thank you for sharing lessons you've learned from trading.
Completely delusional.
Nick is the realest deal. I'm grateful I found you super early in my journey.
I like how you emphasized that you and most of us are just people of average intelligence and yet we can still learn to be profitable at this. You seem very relatable, humble and to the point. I like your approach and I’m encouraged by this. Thanks!
Great video, trading come with a lot of benefits And I have just bought my first house through it. As a beginner I was scared of loosing my savings but I’m glad I took the bold step that is now favoring me.
Congratulations.
I will love to be your friend dear as well as sharing some i dears which you're benefiting.
Okay but is not luck, is all about having good investment plans most of all trading with a trust worthy expert.
Watching professional trading videos and most especially connecting with the right person the digital world is full of in unreal people I met some of them during my success journey. I felt same way when I started especially when you use demo account you might be winning but when you put in real money you start losing I understand and I pass through it all. I’m very happy I’m profitable now.
Hey how good are your earnings I will like to get some insights into trading thank you.
Currently i can attest to the fact that I
make $18,300 weekly through trading
which is more better then my monthly salary job. Trading becomes my passive
income.
This is my vibe for sure. Glad I found this channel! Appreciate your content!
Is this really a good time to buy stocks? I know everyone says the mrkt is ripe enough for buying but will stocks tank further this year? How long until a full stock recovery? How are other people in this mrkt raking in over $250k gains within months, I'm really just confused at this point.
It all depends on how long you're willing to hold for, stocks might likely tank further, but making serious gains in this downtrend wouldn't be a problem if you're a pro or you have a pro guiding you.
Very true! I've been able to scale from $350K to $650K this red season because my FA figured out Defensive strategies to protect my portfolio and profit from this roller coaster market.
@@roddywoods8130 That's heavy! keep it up, I could really use the expertise of these advisrs, my port-folio has been down bad....who’s the person guiding you
@@selenajack2036 Having a coach is key in a volatile mar-ket, My advisor is " Mrs Marisol Cordova" You can easily look her up, she has years of financial-market experience.
@@roddywoods8130 Thanks for the contributions, I just skimmed through Mrs Marisol Cordova webpage, interesting stuff, wrote her an email.
This has turned out better than I anticipated.
The frank rawness and relatability is oddly rare and a fresh breath of dope. Thank you as a content creator and day trader. You’ve helped me more than you know.
lol fresh breath of dope 😅
The thing I love about this guy is , straight to point , sarcasm and he keeps things simple irrespective of the market
1. Plot weekly highs and lows
2. Draw 4h trend line following weekly price
3. Wait for 15minute break n retest following trend
4. Enter during London & NY session
5. Rinse n repeat (pick your R/R)
ha! I do something VERY VERY similar!, but #2 for me is now 1hr [I used to use the 4hr too but I found out the 1hr works best w/my system]
if ur working on the 4h with trendlines , its needed on 15 m entry to have a bigger stoploss am i correct? to not get wicked out etc? especially when u get one of these , it breaks it retests goes down and goes back up again breaks again, and then just flyes the way u want it to. To avoid this kind of Last grab u need a bigger stoploss to make this work ?:)
you can do all that, the trade will always be 50/50 that's the mentality you must adopt. Master risk and trade management, strategy is literally only 30% of your outcome. To get good at trading, master your trade and especially Risk management. Most of the time, I trade like I already lost, that's how focused I am on excellent risk management.
@@musaninlebesi50 same here, when I put on trade I book loss instantly in my mind, I practice now to wait for my stop loss to get hit, because my plan was - I was wronge WHEN SL got hit, not before
This is one of the best channel for trading strats and psychology ! Thanks !
Great Great video. Everything you said is exactly 100%. Even the intro as to why you would want to trade.
People talk about about controlling emotions. I have come to learn that it's not about controlling emotions as much as it is getting punched in the face so many times that you just become numb to it.
Constantly daily repeated exposure to potentially losing money will dull your senses to it.
Good luck everyone
Yes! For people like me (and there probably lots like me), the paper trade account doesn't work, cuz we know it's just play money. Rather, starting out with $10 or 20 bux a pop works better. We need to feel the burn n build up.
Dude, when I watch ur videos I feel encouraged and hopeful and ever since I started watching ur videos I feel like I'm starting to get it. I know I have a long ways to go but just wanted to let u know I like your approach to trading
So awesome. I actually just realized this a few weeks ago and everything changed. Glad I found your channel.
your videos have elevated my abilities to another level
i no longer need to even look at charts
the profitable trades just materialize and my instincts take over
i will return in a few months to update you on my progress
You always get me back on track with the simplicity.
Same here!
Thank you, Nick!
You are a crazy MF in the best sense!
Everything genius - is simple!
Love your strategies!
As a starting out guy, I found this video very helpful, thanks.
A good teacher is like gold 👌👌👌
Man, this video resumes clearly what trading's about. Consistency and being ok with the unpredictable.
This is the most simple but profound video that really just gives a somewhat experienced trader perspective and I thank you.
Honey ... this was IT!! You described every emotion, and to wrap it up with the idea of even coming to resent trading. Drop the mic. Subscribed.
Oh man you are SO RIGHT... SO HONEST, happy to click on your video. Love from Greece
THE LEVEL OF HONESTY IN THIS VIDEO SHOULD BE ILLEGAL LOL - Thanks NICK
Thank you man, been hurting the past few weeks, nice to have a reaffirming confirmation
2.5 years in, 2.5 years to go before I hope to become a solid trader. Good advice and thanks for sharing.
The average stock in my portfolio has been cut in half, and the only way to make money this year has been to either short or to trade long in very short time frames. I'm still at a crossroads deciding if to liquidate my dipping $117k stock portfolio, what’s the best way to take advantage of this market?
It’s precisely at times like these that investors need to be on guard against the next certainty. You don’t have to act on every forecast, hence i will suggest you get yourself a financial-advisor.
@@SallyW414 I agree, having a financial - advisor for investing is genius! Not long ago amidst the pandemic crash in March 2020, I was really having investing nightmare prior touching base with advisor. In a nutshell, i've accrued over $550k with the help of my advisor from an initial $120k investment thus far.
@@AnitaCacoa That's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s the person guiding you.
@@LagerthaJackson I personally work with ‘Viviana Marisa Coelho’’’ she covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her.
@@AnitaCacoa I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
This is the realest trading video I’ve ever seen. Big shout out to you man
This is the best and honest forex video I've ever come across. Thanks man. You inspire me
Nick just want to say I love your honesty. You tell it the way it is. Thank you.
This is one of your best videos! I saved this one so I can listen on repeat. Thanks.
I'm so glad i clicked on your video , FINALLY different and REALISTIC ! YOU GAVE ME HOPE ! if i go to the casino i usually loose 50 to 100 , so im going to try & do small trades i will take it as a great investments learning hands on how to trade , good for my mind & hoping i will make a dollar profit while learning . I'm a naturally patient , relaxed , laid back person ( ALL the qualities you transmit in your video to the point you are the FIRST person is NOT begging for likes & subscribe !!!! But i did both cause i love your RELAXED approach in something everybody is apprehensive about !
This is the most honest, humble and simple explanation of trading and its do’s and dont’s. Absolutely simple yet true, however we are engineered to believe in complex stuff and so miss on making things easy.
One word of caution:
Market conditions do exist, wherein you don't just get stopped out, and thus the leverage DOES matter.
Back in 2015, I missed getting smashed on the Swissy move, by pure luck ... but it was a 1.2x leverage, so even if I was in it (I had gotten out the day before), I would have survived.
Many didn't survive. They went on that theory of "Well, I'll just put 10k down, and leverage up", and the stop was not hit. One nanosecond ... it was trading at X, and the next nanosecond, it gapped by like 600 Pips. And then CONTINUED to wreck people as it slammed lower. It actually destroyed entire brokerage firms, and not only smashed peoples accounts, but then they were in the hole, and owed thousands.
IT DOES HAPPEN. Black Swans are rare. But they DO happen.
What I got from this video:
Trading is a skill; the technique may be simple but not necessarily easy. I believe Nicks advice is genuine advice. He's clearly explained that it takes experience to cultivate the intuition and discretion required to be able to cut losses early, but once you can do that then it's enough to be profitable.
I don't watch all your videos, but this is my favorite one I've seen from you so far. Thanks
Damn, this intro was well said and totally spot on. To the point cold hard truth. Hell yeah to your plan A brother! You're speaking my thoughts😎 Grind or die! All the best to you on your journey!!
just found you bro and Im glad. good video, finally someone who speaks real shit
I have been trading for 2 years now ,i had my good strikes but overall i am still not profitable.This is the best talk that I've ever listen from anyone from the trading community.Thank you so much man ,i absolutely smashed that subscribe and like button you deserve it
Thank you. Consistently top notch videos. To do these when you don't have too and share advice to those less successful is rare. Most importantly you come across as a thoroughly decent guy. Hats off to you👏👏
By far the most direct and straightforward TH-camr on day trading I every seen
Needed this today...thanks so much, cheers.
I love the Simplicity and absolute Honesty
Im sorry my friend but this is wrong sir at 14:46-15:48 this is why you have a trade plan before you take the position. I was very fortunate to learn from an former award winning hedge fund trader on the proper way to trade. First off all trades have an entry, stop loss, profit target. Second once you have the plan you DO NO NOT deviste from the plan you stick to your plan no matter what! Second my friend your stop loss is always based on the chart not an arbitrary number or percentage. Awesome video and I truly love your insight, you got a new sub Thank you kindly and best of luck to you in the market 🙏
Thank you for sharing your insights and expertise. This video has completely transformed my approach to trading, and I am now beginning to see positive results.
Nick, you sound very real
God bless your endeavours.
Another great video completely lacking in BS👍
Brutally honest in its message but unbelievably simple. Simple enough for any of us "idiots" to follow😂
Great video! I've been trading for over a year and i could really use a change of strategy to increase the rate of my profits! What's the best strategy to use? I need to step my finances up to the next level
The best strategy to use in trading is to trade with a professional who understands the market quite well, that way maximum profit is guaranteed, I'll highly recommend Charlotte Thornley, she is my current trader and her strategies are effective
This is not the first time am hearing of Charlotte Thornley and her exploits, how she handles investments and generates good profits, she has really made a good name for her self, any idea on how to reach her?
Hello! I recently registered on her platform and it's been wonderful customer service is great and my profits keep getting better.Good one!
Charlottethornley is highly recommended! She is in charge of my portfolio and that of my wifes' and we both get weekly profits
great! How do i get in touch with charlottethornley?
I’m only 2mins in and already I can say this is spot on!
Psychology is the biggest part of the game and this guy is speaking the truth!
I started trading on a demo account today, after watching Nick's videos for like 5 or something days. I played around and guessed I'd make a profit following this strategy on a 1h chart, and it would've made a profit. Following the KISS (keep it simple, stupid) method is probably the best advice to give someone, along with risk management etc. I have a long way to go, though. My heart dropped after setting a buy stop to activate, and it activated randomly a couple of minutes ago, so imagine if that was on a real account XD
Going with plan A so far.
Short story long, thanks Nick 💪
Great video. I appreciate the simplicity. It's the same thing in golf. Everyone wants to drive the long ball but you just need to find a club you can hit 150 yards straight and forget the driver altogether. Doesn't have to look pretty, just has to get you closer to the hole. Thanks for posting this, it's a great find.
This vid made me a subscriber. & yes, this is the 1st time seeing this guy/ whoever you are. At this point I'm 2:15 sec in the video. Not sure where it's going, but I know if no vid on trading was ever started right, this 1 did. Cause this shit really ain't for the weak.
Omg you are SOOOO RIGHT ! I have to overcome my emotions!
1st time i see your channel. and totally agree. great video man..this people is the truth for a trader. been at it for over 3 years now and finally profitable...TA and FA all goes down the drain when algos take control of the markets. (2020-present)
Two best phrases I heard that apply to trading is 'be reactive, not predictive' and 'inconsistent input results in inconsistent output'. So don't strategy swap, find one that works in a backtest, then forward test then live test. And stick with it.
Forward test is a live test, isn't it? Then?
You're a legend! No bullshitting!! The realest video on YT
yes.
Glad to see your video on my feed. I still watch a few other TH-camrs.. I've followed trades of a couple TH-camrs and I'm down so much…210k to 80k. It got addictive. My resolve is the lot are amateurs.
You are not investing, man. Sorry. You are gambling.
Before you make an investment decision, consult a fee only advisere, taking advice verbatim from youtube is like going to the intern to take lessons passed on from the professional.
how can one get a fee-only planner?
You can find them online, make sure theyre registered, have a fduciary responsibility with no disclosures, I work with LOREN LENA WALKER.
Be careful not to be lured into the market too soon i rather be buying low in periods of instability than chasing when market starts to rally, this current situation has opened my eyes to the importance of a good mentor knowing what they doing.
Yo. I’ve been day trading options for only a year now. I’ve done 3 masterminds. This is the most straightforward (and funniest due to your deadpan delivery) video I have ever come across. I agree with everything you say and the biggest problem is how we overcomplicate everything. I love it well done thank you 🎉
This is one of the most educational videos I have seen .
Everything he said, is very important
cant wait to begin this journey in 3-4 weeks once i saved my salary and copy trades
@@enciticaldemands3974 bro taking signals and trying to copy another trader is not going to be easy like you think. In fact, after about 8 months I finally had to turn off the signaling.
I totally agree with every word you said.
Thanks Nick, I’m subbed to “Nicks Trades” - watching with interest. 👍🏻
Every aspiring Trader should listen to this Simple, Straightforward and Hard-Hitting video ✌️
I’m t
This was one of your best videos so far, keep up the great educational content!
Dude this is the best trading speech ever
I like the casual profanity. Real talk.
Thank you I am grateful
I'm struggling to learn how to read these charts. Been trading since early this year but still unable to make reasonable profits. But I’ve heard testimonies of people accruing over $250k this downturn period. I’m quite indecisive on how to tackle this market, any advice would be appreciated.
This is really not as difficult as many people presume it to be. It requires a certain level of diligence, no doubt, which is something ordinary investors lack, and so a financial advisor often comes in very handy. That is how people are able to make such huge profits in the market.
@georgeh I completely agree, this is why I decided to give a coach control over my everyday investing decisions. Their proficiency in research, specific knowledge, and risk management makes it difficult for them to deliver below expectations. They emphasize minimizing drawbacks while maximizing risk's asymmetrical potential. I have more than two years of investing coach experience, and I have made more than a half of a million dollars.
@josephbush My portfolio has been underperforming recently, and I'm considering a strategy change with the help of a coach. Is it possible to get in touch with your coach?
@aureliobjm The adviser that guides me is HEATHER LEE LARIONI. She works with Empower FinanciaI services near my old office so I saw her often. There are a lot of independent advisors you might look into. But for me, her strategy works hence my result. She provides entry and exit point for the securities I focus on
@josephbush She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
I absolutely fucking loved your comments regarding the trading journey, well done.
thank you for the hard honest truth! I am not gonna give up!
Great video! Well I'm so happy I made the best decisions by having a good investment. Recently, I'm able to acquire my third house even at my age and I believe if things keep going well I would retire early
That's nice! But how did you manage to achieve all that even with the current economy that's very bad? Please I'll appreciate your assistance on how to go about it, I'm desperately looking for a way to pay up my debts and also achieve my goals
The best strategy to use in trading is to trade with a professional who understands the market quite well, that way maximum profit is guaranteed, I'll highly recommend Victoria Taylor, she is my current trader and her strategies are working
Actually this is not the first time am hearing of Victoria Taylor and her exploits, how she handles investments and generates good profits, she has really made a good name for her self, but I have no idea how to reach her
gram
Victoriatalyor is the name to look for
There is something about how you communicate...it resonates to the core every aspiring trader
Minute mark 2:00 I'm here for plan A, B, C, D, E, F, G... I'm staying. Great vid.
As a new trader I've been trough a lot of videos trying to learn something here and something there. Everybody wants to make you believe that they have everything under control with all these indicators and strategies.None of that is real as you say it. Market it's unpredictable.
This is the most honest and accurate video about trading I have watched.
Thank you for sharing it.
Nick is the real deal out there, telling you as it is. No BS, no fluff, no rambling, and turning round the bush.
thanks for the video. words I needed to hear. been feeling lonely and frustrated lately.
Nice video Nick!
Nick Shawn you are the realist mother fučkër on TH-cam about trading. I can’t wait to buy your course and learn more from you. Congratulations on your success. You are definitely an inspiration.!!!
Run a SFO, and completely agree. When we decided to allow ones to see what we do, it was with a caveat.
None of this crap with the big house, no "videos with flashing the cars". Trading, and only Trading, and showing how private structures ACTUALLY work.
And you're right. Back in the day, I trained traders, and I've come to a conclusion. Most just won't make it. They can't work in an iterative environment, hyperfocus on entrances, do something I have long called: "Method Hunting" (Changing strategy 15 times a week), and are too focused on binary event satisfaction. Most HUMANS ARE BUILT like that, and so it's not really anyones "fault", and thus sadly, it means most won't make it.
And absolute TRUTH.
As a Business Partner of mine likes to say ... "All analysis, in the end, is sort of bullcrap"
Thx for this video. I felt that u were speaking directly to me. I like to keep my charts simple too and it was refreshing to see that u do the same.
I watched lots of trading guys and girls who tell some new shit for me in terms of trading. They were like gangstas of traiding some of them were like clowns. but here i am feel like in church of trading. U say lots of being humble etc. u are the one u are to bro! U change the Traders to Good people to good trading people! man! lot of thans to u. Have a nice super day!
Thanks for making it very simple nick 👏
Absolutely love what you said at 14:31... The amount of horse-shit you hear people saying about their risk percentages etc. I'm still only a couple of years into trading, but thankfully coming into it at a more mature age I could see and smell out the rubbish like those statements. I get it, but I know so many traders in my circle who forget to learn how to TRADE, because their so hung up on the figures. I'm rambling.. you said it best Nick. You're a great resource to this whole community for those who want to embrace what you're saying.. that, and a never give up attitude, which so few people have. I sincerely believe most of the reason people fail at this is simply because they won't stick it through. I'm relentless, I won't ever stop.. hence finding real success and consistency at it now. Sorry to ramble on your comments section.. haha. Just know you're appreciated. Good luck to you all :)
Nick is legit and as nice as it gets. I've been a previous member of his discord and others and if u need a mentor that you can directly speak to everyday then I highly recommend.
Exactly my thoughts! TY Looking forward to following your trades!
Like the way you explain. Very cute ! Great videos. Look forward for more dear. Take care of yourself too .
Love this! Excellent words. Lol. Just great. I trade options and futures. This is great
The first 2 minutes of this video is realest statement about trading I ever hear.. Its real in the option market right now