It took me Over ten years of Trading, constantly losing money to realise ( then the aha moment came) that my Trading NEEDED a systematic approach. It's so Obvious, if we want to trade a profitable way, we need to beable to DUPLICATE the winning Strategy. My system is NOW Fixed like a post in Concrete. Unmovable! Great video my friend
Honestly, this is one of the rare channels on youtube that offers true and vluable content on how to become a better trader. Thank you so much for your help Nicholas.
You are teaching what no one is teaching. This is by far the most important video I watch about trading. This teaching is applicable to all kind of business. In my profession as a photographer, I have a fixed system that I followed. It's so simple that a complete newbie can follow and replicate my work almost exactly. An this is key that will help a newbie to be discipline. I love this video. Without it a newbie will be confused.
The best video and probably the only video out there that actually correctly explains what a trading system really is. If your're serious about trading do not take this information for granted. People pay thousands for this type of education.
Wow, I really needed to find this video. So many useless videos about how to become a good daytrader with none of them providing a framework of understanding to analyse. Thanks this way i can start building my system and strategy to become succesfull in trading
Thanks a lot! Thanks to this i realized that the weak point of my trading were my entry points, while my targets were kinda accurate, i was entering the market at weird awkward places
This video is next level. Really helped me to organize my thoughts on developing a real tangible system that can be repeatable, efficient, and consistent. Great job man!
This video clip should be in the introduction of every trading education dvd or book out there. There are many educators out there that emphasise on strategy but very few clearly differentiate systems from strategies and how to make them work together. You can also apply the same concepts with your trading psychology, trade journaling and even life in general (eg. finances, daily/weekly routine, fitness program & etc)
Great video!!! This clip will weed out all the lazy/new market participants who are considering taking on trading as a new business, job, hobby, sport & etc. In fact it will make lazy people and people who think trading is easy think twice about how much work "behind the scenes" is required to become consistently profitable!!!
This is one of the best channels I found out on RUclips about Trading. Your video about system and strategy cleared my confusion about the topic. Thank you, Nicholas.
this was just what i needed, had some strong wins with glimmers of greatness and in trying to multiply chances lost it all trying to bite off more than i can chew.. Valuable content
My mind is so full of ideas these days and this video helped me sort some of them and start define my fixed process. If I can get that out of my way, I can start thinking about strategies and managing trades. Thank you!
Thanks man! Now I have a clearer vision on how to build my system. I've been struggling to create one for how many months. But with your video, I now have an idea where to start. Cheers!
In order to be a consistently profitable trader, you must have these three elements all in alignment : 1-) System This is what’s being described in this video . 2-) State ( Your State Of Mind That Is ) If you are in a pissed off , angry , furious state , you won’t perform well .. 3-) Tools ( Your computer , your screens , the speed of your Internet connection. , your back-up Internet, your platform , ext .. In terms of percentages , how big of a role each plays , here they are : System 15 % State 80 % Tools 5 % Trading is a game of psychology guys .. Emotional resilience should be your main goal .. Only the toughest psychology wins in this game combined with experience .. You can have the best system in place , the best tools ever , but if you don’t manage your stage EVERY single day when you come to the trading desk and master emotional resilience when trades start going against you , you will always lose ...
The distinction between systems and strategies is articulated very clearly here. I think it would be really interesting to see examples of thoroughly developed systems. You alluded to the likelihood of having a much more deeply layered system than the generic version presented in the diagram. I'd be really interested to know what it looks like for you when its fully filled out. I'm brand new to this and am going to just watch a bunch of videos for awhile until I feel like I have a good map of all the steps and stages of developing a quality plan. I'll start paper trading at some point and try to figure out all the layers of rhythms and discrete action steps I need to attend to. I think it'll also be smart to build up a bunch of binary selections for strategy-variants in each of the steps, so I understand what I'm testing for and have distinct options for alternate methods. Another video said to document all trades that are made - I'm thinking that getting deep into the details of the steps (maybe sub-steps... sub-sub-steps, etc... deeply categorical) so they can be precisely refined and tested for efficacy.
Hello, I'd like to share my feedback (my opinion how I perceive your and especially this video) with you. You speak quite too much but I rather prefer this way because you really speak about the same thing even 2-4 times but each time from a little different angle with a little different words which really helps me to understand the topic without difficult searching additional information somewhere else. I really appreciate that you talk about how it is let's say in a real life for example you're not saying only to take an exercise but you encourage to do it properly to invest a time into it and also some suggestion about needed time amount. You summarize (at least partially) and emphasize what is most critical to do and I perceive that you point out to have realistic view (not optimistic not negative, just to really think about everything how it is). I really like your overall approach to explain things. I also like the way how you explain it, e.g. the kind of respectful voice. You are showing that you understand that it's very possible that there's too much information for us and for me, it seems that you really went through all of these struggles and it's great that you try to push us closer to more effective way. Thank you so much, in my opinion your explanation of trading (overall) is one of the best I found in youtube. I hope also this feedback help you at least a little bit to share even better videos with us. Take care. Peter
I really agree with what you have said. Very good example and will look forward on further explanation in details about this system and strategy you were talking about.
I liked this video, it helped me solidify which elements make up my system and which make up my strategy. You said there would be a series of these videos or others going into more detail. Are there other videos relating to this same topic?
I've been watching your videos and working hard, love your way of approach. I've made many mistakes as a beginner but now I wish to hone my own approaches and you are a great help. Just wanted to let u know how big a help you are 💪
Can you speak more in depth about written "trading plans" as opposed to strategy; money management, quantifying personal strengths and weaknesses, and paying yourself. Do you use a flow chart of your trading plan? If so can you speak about the process of building something robust?
Thank you for being a trully reliable source and helping me exeeding in my trading! Although i'm still learning on demo i am seeing consistency all becouse of your advices. Best luck to you!
Many procedures, which have different steps as a part of each procedure, and all the procedures are part of a system. These deserve a Quality Standard ISO:9001. Good idea. I will be myself the customer of my own product. Being systematic we can find our successes and failures. This is kind of Operative System (the black box), associated with efficiency. The input is money, time, talent, etc the out put is money capitalized vs time. The Strategy System is why, when, where, etc. Associated with effectiveness. Your point is brilliant, we have to see this as a business and all its complexities. If we get around a 20% of annual profit after taxis, we are good.
A system is a group of interacting or interrelated entities that form a unified whole (like a solar system, human body, society, network e.t.c). So, what did you described looks more like a strategy to me. What do you put as a strategy, looks more like a tactics to me.
🔹 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: ruclips.net/user/MarketMoversFinancialNewsandAnalysis
This is glorious, I been tryin to find out about "reversal trading system" for a while now, and I think this has helped. Have you heard people talk about - Sonatthew Trading Tachypneic - (do a google search ) ? Ive heard some unbelievable things about it and my m8 got cool success with it.
scintillatingly clarifying video !!! Congratulations Nicholas, I’m learning to trade with options over stock on Td amaritrade, any words of advice on it? Thank you for sharing!!
We're cooking it up! It's likely to be a webinar rather than a video, as it's currently about 1hr 30 long... which is a bit long for our RUclips audience unfortunately! - Nicholas
It took me Over ten years of Trading, constantly losing money to realise ( then the aha moment came) that my Trading NEEDED a systematic approach. It's so Obvious, if we want to trade a profitable way, we need to beable to DUPLICATE the winning Strategy. My system is NOW Fixed like a post in Concrete. Unmovable!
Great video my friend
Honestly, this is one of the rare channels on youtube that offers true and vluable content on how to become a better trader. Thank you so much for your help Nicholas.
Couldn't agree more..
how is your trading going now ?
You are teaching what no one is teaching. This is by far the most important video I watch about trading. This teaching is applicable to all kind of business. In my profession as a photographer, I have a fixed system that I followed. It's so simple that a complete newbie can follow and replicate my work almost exactly. An this is key that will help a newbie to be discipline. I love this video. Without it a newbie will be confused.
This mentor doesn't hide anything. I was so lucky to see this video when I was just learning trading for 2 months.
The best video and probably the only video out there that actually correctly explains what a trading system really is. If your're serious about trading do not take this information for granted. People pay thousands for this type of education.
Wow, I really needed to find this video. So many useless videos about how to become a good daytrader with none of them providing a framework of understanding to analyse. Thanks this way i can start building my system and strategy to become succesfull in trading
this is real trade talk without corrupting with entertainment first, information later strategy.
Thanks a lot! Thanks to this i realized that the weak point of my trading were my entry points, while my targets were kinda accurate, i was entering the market at weird awkward places
This video is next level. Really helped me to organize my thoughts on developing a real tangible system that can be repeatable, efficient, and consistent. Great job man!
This video clip should be in the introduction of every trading education dvd or book out there. There are many educators out there that emphasise on strategy but very few clearly differentiate systems from strategies and how to make them work together.
You can also apply the same concepts with your trading psychology, trade journaling and even life in general (eg. finances, daily/weekly routine, fitness program & etc)
Great video!!! This clip will weed out all the lazy/new market participants who are considering taking on trading as a new business, job, hobby, sport & etc. In fact it will make lazy people and people who think trading is easy think twice about how much work "behind the scenes" is required to become consistently profitable!!!
jesus christ this was probably the most important trading video ever made, congratz man. subscribed
This is one of the best channels I found out on RUclips about Trading. Your video about system and strategy cleared my confusion about the topic. Thank you, Nicholas.
this was just what i needed, had some strong wins with glimmers of greatness and in trying to multiply chances lost it all trying to bite off more than i can chew.. Valuable content
The most difficult thing is to build a system and I am talking about all aspects of our life (family, job, children, money etc). Nice video thanks.
Read the book "the traders pendulum" by Jody Samuels. You will get some idea. Cheers
No joke! If your system involves a lot of time-consuming research, you may need the cooperation of your spouse or significant other.
My mind is so full of ideas these days and this video helped me sort some of them and start define my fixed process. If I can get that out of my way, I can start thinking about strategies and managing trades. Thank you!
When is part 2 coming?;)
This is the only Video which i feel it has opened up my mind,Thankyou
One of the best way of explaining trading I have ever seen, worth years of learning 💯
Thanks man! Now I have a clearer vision on how to build my system. I've been struggling to create one for how many months. But with your video, I now have an idea where to start. Cheers!
Hands down! The best educational video about Trading.
This video is just gold! Many thanks
In order to be a consistently profitable trader, you must have these three elements all in alignment :
1-) System
This is what’s being described in this video .
2-) State ( Your State Of Mind That Is )
If you are in a pissed off , angry ,
furious state , you won’t perform
well ..
3-) Tools ( Your computer , your screens , the speed of your Internet
connection. , your back-up Internet,
your platform , ext ..
In terms of percentages , how big of a role each plays , here they are :
System 15 %
State 80 %
Tools 5 %
Trading is a game of psychology guys .. Emotional resilience should be your main goal .. Only the toughest psychology wins in this game combined with experience .. You can have the best system in place , the best tools ever , but if you don’t manage your stage EVERY single day when you come to the trading desk and master emotional resilience when trades start going against you , you will always lose ...
really great video!!!!! I love the fact you put emphasis at the beginning to explain the difference between a strategy and a system.
Tank you so much. This is going to improve my trading by far
Agreed with your meaning of the differences. Thanks a lot for your helpful sharing.
love the vid, is there a part 2??
The distinction between systems and strategies is articulated very clearly here. I think it would be really interesting to see examples of thoroughly developed systems. You alluded to the likelihood of having a much more deeply layered system than the generic version presented in the diagram. I'd be really interested to know what it looks like for you when its fully filled out. I'm brand new to this and am going to just watch a bunch of videos for awhile until I feel like I have a good map of all the steps and stages of developing a quality plan. I'll start paper trading at some point and try to figure out all the layers of rhythms and discrete action steps I need to attend to. I think it'll also be smart to build up a bunch of binary selections for strategy-variants in each of the steps, so I understand what I'm testing for and have distinct options for alternate methods. Another video said to document all trades that are made - I'm thinking that getting deep into the details of the steps (maybe sub-steps... sub-sub-steps, etc... deeply categorical) so they can be precisely refined and tested for efficacy.
Helped so much! Can't believe it!
Great video Sir! You’re a great teacher! I am a Forex newbie. Your video helped me to understand the right approach I need to take.
Hello, I'd like to share my feedback (my opinion how I perceive your and especially this video) with you. You speak quite too much but I rather prefer this way because you really speak about the same thing even 2-4 times but each time from a little different angle with a little different words which really helps me to understand the topic without difficult searching additional information somewhere else. I really appreciate that you talk about how it is let's say in a real life for example you're not saying only to take an exercise but you encourage to do it properly to invest a time into it and also some suggestion about needed time amount. You summarize (at least partially) and emphasize what is most critical to do and I perceive that you point out to have realistic view (not optimistic not negative, just to really think about everything how it is). I really like your overall approach to explain things. I also like the way how you explain it, e.g. the kind of respectful voice. You are showing that you understand that it's very possible that there's too much information for us and for me, it seems that you really went through all of these struggles and it's great that you try to push us closer to more effective way. Thank you so much, in my opinion your explanation of trading (overall) is one of the best I found in youtube. I hope also this feedback help you at least a little bit to share even better videos with us. Take care. Peter
CANT WAIT FOR PART 2!!!!
This one video made me subscribe, wow! Thank you for this clarity
Very helpful. I hope part 2 comes real soon.
Well this channel is a very informative rabbit hole
You kind sir, are an excellent educator. 👍
Thanks Nicholas.
It was very Helpful.
Thank you for this enlightenment.
I suggest to add reflection as the last step of the system to continually improve planning, execution and the strategies themselves.
Great vid. Just what I needed.
Thanks for this information bud, a lot of it is common sense but common sense isn't so common. Keep up with the videos
Love to see a part2
Awesome video! Can't wait for part 2
Thanks Nicolas for the valuable content and great advice, as always!
Thanks alot Sir, you're honestly helpful🙏
Wow, like actually wow, game changing knowledge people
I really agree with what you have said. Very good example and will look forward on further explanation in details about this system and strategy you were talking about.
I liked this video, it helped me solidify which elements make up my system and which make up my strategy. You said there would be a series of these videos or others going into more detail. Are there other videos relating to this same topic?
Thanks for this quality Content
I am consistently losing money, but I am consistent !
Love the video btw.
That's the first step. Now it's time to optimise and figure out what can be tweaked or changed.
- Nicholas
Nothing but facts so glad I subscribed here 😊🔥
I've been watching your videos and working hard, love your way of approach. I've made many mistakes as a beginner but now I wish to hone my own approaches and you are a great help. Just wanted to let u know how big a help you are 💪
Can you speak more in depth about written "trading plans" as opposed to strategy; money management, quantifying personal strengths and weaknesses, and paying yourself.
Do you use a flow chart of your trading plan? If so can you speak about the process of building something robust?
Great Video man, you deserve a cookie ! :)
Thank you for being a trully reliable source and helping me exeeding in my trading! Although i'm still learning on demo i am seeing consistency all becouse of your advices.
Best luck to you!
how has your forex journey been mate!?
that channel is wayyyy to underrated
Thanks, I appreciate that!
- Nicholas
Traderpenuer book was soo good
Brilliant thanks again Nicholas.
Cheers Chris, looks like you’re putting the time into learning. I hope your progress is going in the right direction!
Are we ever going to have the follow up to this, its my favourite vid
I love your channel and I love your video's. I think you're gonna be my number 1 mentor in trading
Can you make a video showing us your trading history when you were making bank (gains/losses, what you learnt from them)?
wow thanks man this series will help a lot
Would still like to see part 2!
Please kindly do Part 2 of this series please
Yeah, would be good to see a part 2. Great Vids btw :)
Ur advise is epic. Wud request u to plz use some pleasant music in background.
Many procedures, which have different steps as a part of each procedure, and all the procedures are part of a system. These deserve a Quality Standard ISO:9001. Good idea. I will be myself the customer of my own product. Being systematic we can find our successes and failures. This is kind of Operative System (the black box), associated with efficiency. The input is money, time, talent, etc the out put is money capitalized vs time. The Strategy System is why, when, where, etc. Associated with effectiveness. Your point is brilliant, we have to see this as a business and all its complexities. If we get around a 20% of annual profit after taxis, we are good.
Nicely said, efficiently buying your own product. Best summary I've heard. If we could see them words spoken I think they would be golden.
A system is a group of interacting or interrelated entities that form a unified whole (like a solar system, human body, society, network e.t.c). So, what did you described looks more like a strategy to me. What do you put as a strategy, looks more like a tactics to me.
great video coach!
Thanks sir
Another Great video, thank you
your sound is great.
When part 2 will be released?
Bravo sir. Cheers.
hello, awesome video that clarifies a lot. But where is the second part you were talking about?
Does pulling at my hair and praying count as one step or two for the purpose of this exercise?
Catherine Gracey step 1 AND 2 Catherine!
They're step 2. Smacking your desk and nervously sweating is step 1
how is your trading now?
Great Video! Thank you!
Thanks!
Thank you
Great content as always.
Can I send you the What&Why setup when finished please? To get feedback?
@theduomoinitiative Amazing vid bro. Part 2??
This is really helpful video! Thanks for sharing you knowledge!
Waiting for second part :)
thx
I agree. This guy is dead on!
Thanks!
- Nicholas
Can I ask which market did/do you trade mainly?
Awesome video bro💪💪💪
🔹 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: ruclips.net/user/MarketMoversFinancialNewsandAnalysis
This is glorious, I been tryin to find out about "reversal trading system" for a while now, and I think this has helped. Have you heard people talk about - Sonatthew Trading Tachypneic - (do a google search ) ? Ive heard some unbelievable things about it and my m8 got cool success with it.
Awesome! Does anyone have the link to part 2?
So would another good definition of a system be rules & checklists?
@theduomoinitiative is Benjamin formula a trading system or is it something else?
Awesome video! Is there a part 2? I cant seem to find it on your channel.
When will part 2 come ???
Great Video
good video
What kind of face lotion do you use? your skin is simply glowing😉.
Anthony Taylor Horny Goat Weed
dead end after this first video? a playlist maybe?
scintillatingly clarifying video !!! Congratulations Nicholas, I’m learning to trade with options over stock on Td amaritrade, any words of advice on it? Thank you for sharing!!
No part 2? :-(
Plz when will part 2 come?
We're cooking it up! It's likely to be a webinar rather than a video, as it's currently about 1hr 30 long... which is a bit long for our RUclips audience unfortunately!
- Nicholas
Can you please go through your strategy and System with us?
RSI and MACD trend line and support line，4 moving average lines trading Bearish Divergence still losing money😢
Lol.... what are all those....
they all lagging indicators, "iNdIcAtOrS" and not the mirror of the market
@@chandankage get yo ass outta here you dipshit
Averages change based on price action so that’s not an indicator about the future. I only use charts + psychology and statistics.
When is the part with Strategies coming?
In the next few weeks. It will need to be more than one video.
- Nicholas
Great, this video has been a game changer for me, so thank you for all the great content you put out!!!
Where is part 2?