The value of this can be measured with gold! Very good advice and exactly what you as trader need! I myself am struggling to stick to my trading. Well in the long run i am profitable but the problem is i sometime don't trade for weeks... I am not proud of this but i try to improve ... Procrastination is poison!
Fantastic Nicholas.... Once again some key messages here and humorous to make the video fun. Your personality and enthusiasm along with the content makes them worth watching. Cheers.
i've trade for many years and finally understand of what really happened, it's kinda what i learned in meditation retret , but you really take it to the trading level. Thanks a lot, i will try to trade without the monkey ....and hopefully could be successfull one day.
If you already have years of experience in trading, then getting that part of your mind under control will definitely be very noticeable. Stay patient with it though, it takes a while to adapt to a different way of thinking with your trading. Good luck!!
🔹 Get FREE access to the Duomo Trader Development Program: duomotrading.com/FreeDuomoTraining 🔹 Add us on Instagram: instagram.com/duomoinitiative/ 🔹 Our second channel for financial news and analysis: th-cam.com/users/MarketMoversFinancialNewsandAnalysis
i do have a honest question, as i hear what you said quite some time already. iam definitely one of the reward horny ones ... additional i can not get really friendly with the fibonacci rule of 61% .. thats is just too much to give back in order to make another 38% .. so yes you are right in the long run .. the reward is bigger. i however trade exactly the opposite .. by aiming on just a single leg (regardless of the timeframe) my only angle is the Risk2Reward to be correct (no fixed number, as the range depends on the actual structure). and i protecting my self from waiting out a loser to become a winner with a Algo/EA running inside my trade application that autohedges on a drawdown per symbol larger than 0.6% .. so if i start to be the monkey, the bot will pull the plug for me. well thats my technical solution to feed myself with the need of instantly eating the Marshmallow. and on the 61 Fib i re-enter with a new risk and a new setup (well this is based on other factors as well not just the structure) bottom line is however that i usually get out that the first sign of resistance and re-enter if the setup re-presents itself .. which is usually the case as i use the vWap mainly as entry criteria. but that does put me exactly in the bad trader group .. ;) does it ?
Thanks for the video. I'm actually profitable for a few months but I like your videos they help me understand how a trader should behave and conduct himself to better his results. I belive that knwoldge is more valuable than learning to buy when price is above the MA 😂
+The Duomo Initiative - Learn to Trade Thanks man I've directed a freind to take your course. hope you guys don't embarasse me. I never took a course I actually learnt by myself but I can't teach to save my life 😂
Hahahaha haha pikachu, monkey ex! Jep that's all I took from this video.... No I'm kidding, I thought this video was awesome! I love psychology in different situations. Thanks its definitely going to help!
his videos are a bit too advanced for the new traders mind by saying that we are all in the right place if you are new to trading listen take note and apply he's a genius
Excellent example. Really hit home.
This chanel should have more than 1 million of subscribers!
The value of this can be measured with gold! Very good advice and exactly what you as trader need! I myself am struggling to stick to my trading. Well in the long run i am profitable but the problem is i sometime don't trade for weeks... I am not proud of this but i try to improve ... Procrastination is poison!
Fantastic Nicholas.... Once again some key messages here and humorous to make the video fun. Your personality and enthusiasm along with the content makes them worth watching. Cheers.
Cheers James, always appreciate you commenting! Glad you enjoyed the video, many more to come :)
This video absolutely changed my trading point of view, thx nic !
i've trade for many years and finally understand of what really happened, it's kinda what i learned in meditation retret , but you really take it to the trading level. Thanks a lot, i will try to trade without the monkey ....and hopefully could be successfull one day.
If you already have years of experience in trading, then getting that part of your mind under control will definitely be very noticeable. Stay patient with it though, it takes a while to adapt to a different way of thinking with your trading. Good luck!!
This will help me a lot. Thank you!
Thank you for making such an awesome video about psychology of trading
Brilliant Video Nick, I get great days and get bored waiting for the right signals and too often jump in when i shouldn't
That's one of the most difficult things about trading, staying patient despite the boredom at times!
You're not the only one!
🔹 Get FREE access to the Duomo Trader Development Program: duomotrading.com/FreeDuomoTraining
🔹 Add us on Instagram: instagram.com/duomoinitiative/
🔹 Our second channel for financial news and analysis: th-cam.com/users/MarketMoversFinancialNewsandAnalysis
I have been following you for some time and i am really impressed with your contents
Im a die hard fan of your and Im a DAY trader in USA(penny stocks)
i do have a honest question, as i hear what you said quite some time already.
iam definitely one of the reward horny ones ... additional i can not get really friendly with the fibonacci rule of 61% .. thats is just too much to give back in order to make another 38% .. so yes you are right in the long run .. the reward is bigger.
i however trade exactly the opposite .. by aiming on just a single leg (regardless of the timeframe)
my only angle is the Risk2Reward to be correct (no fixed number, as the range depends on the actual structure).
and i protecting my self from waiting out a loser to become a winner with a Algo/EA running inside my trade application that autohedges on a drawdown per symbol larger than 0.6% .. so if i start to be the monkey, the bot will pull the plug for me.
well thats my technical solution to feed myself with the need of instantly eating the Marshmallow.
and on the 61 Fib i re-enter with a new risk and a new setup (well this is based on other factors as well not just the structure)
bottom line is however that i usually get out that the first sign of resistance and re-enter if the setup re-presents itself ..
which is usually the case as i use the vWap mainly as entry criteria.
but that does put me exactly in the bad trader group .. ;) does it ?
Whats the song in the background? Need to know. Intresting video btw
Thanks for the video. I'm actually profitable for a few months but I like your videos they help me understand how a trader should behave and conduct himself to better his results. I belive that knwoldge is more valuable than learning to buy when price is above the MA 😂
Amazing, so glad to hear that you're profitable! Hope it continues for you. Completely agree with your last points too. Thanks for watching :)
+The Duomo Initiative - Learn to Trade Thanks man I've directed a freind to take your course. hope you guys don't embarasse me. I never took a course I actually learnt by myself but I can't teach to save my life 😂
Thanks for the recommendation. We always offer a lot of support to the guys on the course if they need it, so I'm sure your friend will do well.
how can I contact you?
also watch Mark Douglas everyone :)
great video
Any videos about Hedging the currency????
th-cam.com/video/uigRmWgU-U0/w-d-xo.html
marshmellows are bad for your health
always such a good content
loved it
Hahahaha haha pikachu, monkey ex! Jep that's all I took from this video.... No I'm kidding, I thought this video was awesome! I love psychology in different situations. Thanks its definitely going to help!
100 k, that's a lot of money, every trade.
6:04 is hilarious
his videos are a bit too advanced for the new traders mind by saying that we are all in the right place if you are new to trading listen take note and apply he's a genius
🎉
Whats that tatoo on your right arm? Is it greek?
Yes sir, ancient Greek. en.wikipedia.org/wiki/Molon_labe
that's cool one:)
100 likes