@@TraderNicksystemization ! U can find all the capital u like if u don't have the right system tech analysis or risk management tht 100k will become 0 pretty fast
@TraderNick True statement! Unfortunately I am starting with $2,000 and it takes 5 months to get to $10k but after that $100k is 4 months away, then $200k is a month away, exponential. It takes money to make money 💰
You're right, and when I realised this I stopped listening to everything I just choose what to listen to. Unfortunately people tend to glorify the advice of people with influence
I live in a country where USD is gold! I have tried trading and seen some good results. As stated, going for a big kill exposes you to a crazy draw down. To the point where I’m at a 1 year trading break ‼️
Hello nick, so now that we have cuts on the table say the year ends and all cuts are done Whats possiblys gonna be the big notion driving the market like rates have been this year
@@QKingPhillytori has a 100k account in her video. I just dont like that she is risking so much in front of her subs. Oh boy many will lose a lot of money
@@CC-yq5bwi think so. She lost 62% in a month then make back 167% the next that is no risk management. Her subs will now think 100% a month is doable. Sigh.
@@alessandrov3177 Yes yes I don't suggest that everyone should target those returns. But at least high returns seem to be possible . But all beginers listen these success stories and try to be like them. Duning Kruger probably :)
Hedge funds having huge capital may not typically use above x10 leverage, but could it be that smaller retail traders with access to better leverages can better Jim Simmons' % returns?
@@vit3869 Nope. Leverage is merely just there to provide buying and selling power to small accounts, so you are able to risk 1% of a $100 account in an expensive market, for example.
@@vit3869finally someone with functioning brain cells in here, I don't know why so many traders persist to say 10% is impossible, maybe because they've failed to achieve it but in my opinion why waste all that time trading when you could just invest that money in something else?
Hello Nick, so in that case, whiles investing into your trading account are you suppose to be trading with that same capital you're trying to invest 😁(grow)
i ain't waiting 15 years for 100k 😭
The solution is to find more capital, not a better strategy ✍️
Have fun staying poor.
@@TraderNickcorrect!!
@@TraderNicksystemization ! U can find all the capital u like if u don't have the right system tech analysis or risk management tht 100k will become 0 pretty fast
@TraderNick True statement!
Unfortunately I am starting with $2,000 and it takes 5 months to get to $10k but after that $100k is 4 months away, then $200k is a month away, exponential. It takes money to make money 💰
Never let other people define what's possible and what's not possible for you ;)
You're right, and when I realised this I stopped listening to everything I just choose what to listen to. Unfortunately people tend to glorify the advice of people with influence
I think 20 to 50% should be a rough goal. 10 is way low for all the hassle. Would just invest it instead at that point
If 10% is small, where can you invest and get 10% per month consistently?
Come on NICK i thot the video was about today's FED meeting, not this😂😂😂
I live in a country where USD is gold!
I have tried trading and seen some good results. As stated, going for a big kill exposes you to a crazy draw down. To the point where I’m at a 1 year trading break ‼️
The Key is Bigger Capital. Small Capital will take you forever
All I'm hearing is 20% is not impossible , its just not normal 😂
5% a month is ridiculous. That's over 70% a year. Not even Jim Simons' hedge fund can achieve that.
5% average per month is reasonable for a day trader with a gd edge imho
Jim Simons can't do that because he is managing billions. He could probably do more with smaller figures
Hello nick, so now that we have cuts on the table say the year ends and all cuts are done
Whats possiblys gonna be the big notion driving the market like rates have been this year
The girl you interviewed named Tori made 30% per trade but she risks like 10-15% though
Depends on risk tolerance. Lower account balance you tend to risk more. A 10 million account there’s no reason to risk a lot
@@QKingPhillytori has a 100k account in her video. I just dont like that she is risking so much in front of her subs. Oh boy many will lose a lot of money
She is100% gambling her accounts.
@TommieeFx from what i know she did like 3 to 5 trades only in almost a year.
@@CC-yq5bwi think so. She lost 62% in a month then make back 167% the next that is no risk management. Her subs will now think 100% a month is doable. Sigh.
What BNF's average monthly return was I don't remember but I it must have been over 10% for some long duration I think.
He risked a lot and he said it in an interview, I wasn’t aware and he defined himself as a bad trader at time
@@alessandrov3177 Yes yes I don't suggest that everyone should target those returns. But at least high returns seem to be possible . But all beginers listen these success stories and try to be like them. Duning Kruger probably :)
it will be very difficult to buy something for $72k in 10 years with 10 to 20% inflation per year. most probably couple of shoes
Thanks for this video, Nick. It is very helpful and inspiring 👏👏😊
Hedge funds having huge capital may not typically use above x10 leverage, but could it be that smaller retail traders with access to better leverages can better Jim Simmons' % returns?
yes
Makes no sense what you just said, lol. Leverage has nothing to do with consistent profitability 😂
@@dee23gaming But it has something to do with percentage returns...
@@vit3869 Nope. Leverage is merely just there to provide buying and selling power to small accounts, so you are able to risk 1% of a $100 account in an expensive market, for example.
@@vit3869finally someone with functioning brain cells in here, I don't know why so many traders persist to say 10% is impossible, maybe because they've failed to achieve it but in my opinion why waste all that time trading when you could just invest that money in something else?
Nick how much is your risk in % per every trade you take?
It varies
Hello Nick, so in that case, whiles investing into your trading account are you suppose to be trading with that same capital you're trying to invest 😁(grow)
Videos are just long ads these days
First to comments ❤❤❤
I also want to get rich 😭😭
Then start forex trading bro😂
Do you also trade in forex bro ?
@@Manav-o5gyes I've been trading in forex since 2 years
Which broker bro
Feeling hopeless with 99 others😔
Looks like it favours people who already have a lot of capital to begin with
Thats a tremendous result overtime nick . Compounding