An 8 year overnight success story - profitable day trader, Nico
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- Опубликовано: 31 май 2024
- EP 096: An eight year overnight success story, and a thirst for momentum w/ Nico, @InefficientMrkt
Nico is a day trader with a thirst for momentum. He predominately trades low-priced stocks that have a tendency to move fast and far-and roughly 90% of his positions are on the short side.
But the main reason why I brought Nico onto the podcast, is I feel as though he has a story which many traders will be able to relate to, on one level or another…
The short of it is; Nico placed his first trade in 2007, made 4x on his starting capital year one, and then slowly bled his trading account for the next seven years. He’s now found his groove, but his overnight success was eight years in the making.
This episode is very much centered around Nico’s journey and development as a trader, and how full-time trading became more than a pipe dream.
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LINKS
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· Show notes: chatwithtraders.com/ep-093-be...
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· Stitcher: www.stitcher.com/podcast/chat-...
My take away from this chat is don't give up. You don't have to be a genius. Make sure you use ALL the tools and strategies of successful traders including things outside of the markets like habits and record keeping. Eventually you'll make headway.
Solid principles
How far away is eventually?
@49:14 Current approach to trading - flying pigs. Going short on junk stocks by finding volume breakouts far above average.
I can't believe Nico had the persistent to keep going for 8 years. Glad he never gave up and its all working out for him now!
Haha. War rig. I do the same you can bring up a lot of panels and monitor so much and it saves the eyes. I wall mounted mine behind my desk which I custom made.
These interviews are pure gold. Keep doing them, man. Thank you!
Good
Technical
1. Community, Thesis, Position Sizing
Thank you Aaron, for all of your interviews.
I wish you much success my friend.
Keep up the good work dude, i have watched all your videos, time for rewatch, i like to just keep them on in background while trading.
So right about the market taking awhile to acknowledge what you have already discovered through fundamental analysis.
I had 2 losing years now. I lost 50% slowly, then I doubled my account in a month. then I lost 50% slowly again. then I doubled it again in a few months. then I lost 60% in 3 weeks. The conclusion is: I trade very good after a 50% downtrend.
This channel is gold!
its the truth as they say... I didn't stop serving Charlie until I was consistently profitalble for 3 years straight. thank god for covid... really helped push things away. im richer than ever now. stay blessed guys]
6:33
Awesome interview. Thanks
Another great episode. thanks
Great interview
Great interview..
His life resembles mine. Living paycheck to paycheck and trying to break the ice in trading.
Loved it
year 6 for me. Got 2 more years ahead of me I guess :D next podcast I am going to listen is the one that is "3 years later". Gonna be fun.
This guy sounds more like he's STILL LEARNING than someone who's successful...I can clearly hear the novice in his voice.
Aaron can you please ask traders more about technics, tricks, and methods that they use in trading. I think that better for the listeners to learn more about trading strategies and to be successful.
Nico is awesome.....Adam as always with the dopest podcast in history 🔪🏆
Hey Aaron in which episode do you interview the founder from Darwinex, i can't seem to find it.
Like !!!! True storry !!
I like this video bcz it has subtitles in English so that I can understand every word. Good job brothere.
Moment of truth @ 41.30min mark
Hi Aaron. How do you select the guys you interview? Do you verify they are successful or are they publically known to be successful?
good question
so sick of bs. i want to see broker stmnts...anything elsebis hot air
so no answer until today?
no. silence probably answers the question.
Learn how to trade dude, don't be so weird and paranoid.
came back to re watch this, his and I seond year where the same
Good guy
very true....the hardest easy money you make with 8 years of self training....
Damn, this episode had me jotting relentlessly in my notebook. Thank You, Gentlemen.
Really wish the risk per trade was discussed in more concrete numbers. What's max stop loss on a trade or a day? in terms of $ or account %?
The amount of money depends on what your account size is, that's why people rarely mention it. 1% account risk per day is fairly safe and reasonable
You also did the 7 iron rules of rollo tomassi video didnt you?
which 2 chats did he talk about?
This guy likes to blaze
@31:00 As someone who is under the PDT rule, I can tell you for sure, it would have protected you Lmao. This is literally the only thing that has allow me not to blow up my account and yeah that 25k is really is a nightmare
hey aaron what broker do you suggest me to use. i live in europe
TradeZero
Have u ever almost blown an account but quite but then stayed super strict with your confirmations and then said if I can grow this super small back up to $200 then I will refund my account to $1-3k$?
"and what-not" needs to be removed from the lexicon.
8 year overnight guyz
This minute on from 01:03:54 ...not doing what he says here is what continually cost me to see my profits slowly eaten away
What platform does he use to short these pigs ? I use think or swim and they don’t let me short a goddamn thing
holy fuck 8 years loosing money and not learning it... i have not started trading too actively, but already know my mistakes..
this guy is a good example of what NOT TO DO, honestly, u have to bee pretty stupid to not track ur stats in trading.
What was the group he was talking about? IO, IU?
investors underground with nate
.👍
Nobody says the exact method
LOL the pigs fly high =D until they dont... And when you change your psychology you change who you are. that in turn changes the your outcome.
self employed income plus 8 years in a mutual fund he would of been loaded.... should always have a balance attacked with cash savings and mutual fund until you know what you are doing.......
Fluffy you are so funny
Why do you need two 43" monitors to trade?
Because its awesome! I have the same, 2pcs
Leaves the surname out but keeps a pic in? Either a fake pic or ... my my!
Haha he is so funny...he is the man
Omg who cares about his desk and computer screens and where he got them from!!
John Carter took 10 years
Great interview and good advice, got get LX21 on Chat with Traders
27:11 46:11
He is real.
$aapl $aple $spy #options
Post your financial statements and tax return to verify your claim.
you start
40 inch screens? thats how you know these are noobs.. i make 6 figures trading on my phone lol. sigh
Sure
@@takumifujiwara8565 you sound mad.
@@GhostyMIA not really just hard to belive.Isnt it extremly Hard to read the Charts?
@@takumifujiwara8565 not really, its essentially the same.
Ghosty. NYC have some tips for someone almost “there”?
So it took you 8 years but it happened all in one night at the same time? The fuck?
you never heard it takes 10 years to become an overnight success ?
That' right.
To: Bryan, Brandon, and brad: Yes: You had better believe this. Also, especially in the music industry which your progress and skill are rewarded by your industriousness, dedication, and practice, unfortunately, one needs to surpass the rubicon regarding out-of-control aspects as marketability, sales, promotion, tickets sold, etc. Ironically, this can become a venture of chance and uncertain opportunity. At least, with this, one tries in vain -- and loses nothing but the cost of his instruments and his heart, whereas upon trading -- one can go home financially bear and bereft.
Aroon, u haven't interview the most successful day trade scamer yet. his scalp pennies but make millions from students. his advertising every where even here under your chat title. He deleted any negatives from his channel
Bad Apple L who's that?
Actually he has. Search for the interview within the videos section, you'll find what u're looking for. The big papi of all traders
@@DG-vg1nc I belive they're talking about Tim Sykes, I was fooled by him too as a beginner.
@@DG-vg1nc he seems credible coz he talks about learning and stuff but truth is, no matter how much time you spend learning shit, it's still shit. I was a math guy so I realized he's a scam when he said rsi is how a company is doing compared to other companies in the same field/category. It's in one of his dvds I don't remember which.
horrible interview, y'all spent 50 min on his losses instead of what worked...thumbs all the way down!!!
Blu Fame Well I think there are things to glean from the whole interview.
create a pig list man
This is the worst interview. Learned absolutely nothing. Stick to interviewing professional traders.
Great interview