How To Make Money Trading Even When You’re WRONG.
HTML-код
- Опубликовано: 7 янв 2022
- Trading is risky, and most people lose money.
My Free Telegram Channel is now private, and has over 60,000 members, and can only be exclusively joined at this link: t.me/+TDVdM80j9lGfaWiP
Follow my trades, get coaching, hangout with the MFX group: www.missionfxtrading.com
FTC/CFTC Risk Disclaimer - Please read this so you're 100% aware of the extreme risks associated with any type of trading and investing.
I’ve said for years and years and years - trading is extremely risky, and most people will lose all the money they try to trade with - even the people who follow the information I provide. Trading is a skillset that is difficult to learn, and I make it look easy because I’ve been trading for 7+ years. As with any high performing skillset in life, trading is NOT easy.
Your likelihood of consistently making money trading is abysmally low, whether you learn on your own or whether you follow the things that myself or others teach.
It’s like becoming a doctor, many people start pre-med and medical school, but only a tiny fraction of them succeed and actually become doctors. The average success rate of trading is even worse that that! Becoming a doctor is obviously not for everyone, and becoming a trader is obviously not for everyone, too.
I (and my company, MissionFX, LLC) make NO guarantees/promises/express direct or indirect representation that you’ll achieve any specific result trading, regardless of whether you’re following my free or paid content.
I’m just some random guy on the internet who is sharing what’s worked for me - I have no clue what will work for you because there are a million contributing factors that will determine whether or not you will make money trading.
Do NOT take into account any information that I share anywhere on the internet as the basis for your trading decisions. I’m not responsible for your success, nor am I responsible for your failures.
Read the full risk disclaimer on my website below, so that you’re 100% aware of the risks associated with trading - then you can make an informed decision as to whether or not you want to continue following any of the information I share (or continue to pursue trading in general).
HTTPS://www.missionfxtrading.com/terms 
Животные
I flipped about 1K to 9k in 3 days doing EXACTLY this! You don’t know where it’ll bounce but eventually it will.
yep, MOST of the time, 99% of the time things will turn around and you can get out in profit or breakeven. As long as you start a small account, compound up, and then regularly internal transfer the profits, it doesn't even matter when you blow the account because the huge profits make it worth it! Keep at it bro!
hey can you please tell what problems did you face while trading this system.?i also gonna thinking to trade like this
@@aemvok8274 try it on smallest lot
So basically, just set a stop loss that will never get met.
Which timeframe?
You’re amazing bro! Appreciate your videos very much 🙏🏼
Damn, interesting concept. It also helps to detach yourself from the will to be right, which is very important in trading.
This is the most important video Nick has ever done. It demonstrates long hrs of trial and error testing his system until it gets to a point that you master the market price action in all its basic ways.
Yooooo Nick Happy New Year brotha!!!!
Thank you Nick, love your method , it's amazing
thanks for great advices king
hi Nick,
This is an amazing one for the New Year. You are a Gem out there bro with the experience and the practicality you have blown the minds. I have no words for this one. controlling and managing the positions at the key levels of Support and Resistance is the key.
Start with small and compound to higher. I like this concept bro.
Thanks a TON for this piece of info.
what else can i say ? As the answer is here
He is Right about taking multiple positions at different levels and keep all positions Open but but for this strategy you must enter the market with a testing lot size of 0.01 to test the market levels...and as soon as you understand a clear level being established enter with a larger lot size...for me this strategy is working super super fine...
This is spot on bro, else what Nick describes above, for the indisciplined trader, is the quickest way to blow your account. Isn't this called 'The Martingale' techniques. Averaging into drawdown is a killer, and if you trade something like Gold, your account will be blown in no time. I truly wish all watching this are experienced enough to know that Risk Management is key on this technique, and in as much as Nick is spot on that a large percentage of the time, market will turn around, you do not want to overleverage and get blown out.
Key takeaway: size way smaller with this being your plan intitially
@@masterc34 averaging down is risky. People tend to double size then triple it revenge trading it so I agree. If you plan to manage a trade till it tells you where buyers are then great, but mostly traders be emotional at this point and why not double size here f’k break even lol and they blow up
@Shahzad Khan could you explain a bit more about understanding market levels and its establishment?
Thank you Nick.
Please make more videos like this brother! Thanks for sharing! 🔥
Yo Nick, very good logic man. Success is made to be with simplicity...
One of your best, cheers 🥂
Awesome stuff
Thanks for the video, Nick. Top-notch class, free of charge. I have to admit this...to slow down your word flow...I have to listen to it at 0.75x speed. Try that out, guys! It was very beneficial to get the smallest details of the strategy!
Been watching your videos , I am learning a lot:) ty
Very informative video @ nick.... 👍👍
God bless you Nick Shawn!
The best video every that can someone come across. Thank you for giving us from your valuable experience. Thank it helped me alot to understand the market better.
Bro love your videos man . Helped me out a lot like seriously
love this !!!
Thank you mentor i love it🍾
This sort of reminds me of the grid trading strategy where you keep averaging down at zones, amazing !
Great video I learned a lot from it Im going to watch some more of your videos Thanks. Do you try to en d your trades daily?
Great job 👏🏿 😊
Nice one Nick, I tried this other day after your other vid with small balance. Lost about 20 percent of account in 20 minutes cos I got greedy lol but made that money back an hour after that. Excited to implement and perfect this strategy for myself
Truly goated, man changed the gam.
yes yes
excellent i cant wait to man handle this great vid
hey nick good u know your back posting vids
The smartest way to trade ever🙏
Thank you ..
You have a very good sense of humor. I was actually taking a dump while watching it, how did you know!
This is pretty interesting. I think it's more for experienced traders who have a good feel for the market. I could definitely use this with my strategy. I like the idea of building smaller accounts. Being creative and finding different ways to trade is the key to success. Thanks for sharing.
Love this
thank you
Hello Nick, I like your videos, @14.32 when you took a look loss, why didn't you take a buy trade?
Too good.Its like dancing with the market!
bouncy bouncy.
Man look…… Nick…… Damnit!!! I swear out of ALL the traders I’ve watched over the past few years you are the ABSOLUTE most down to earth ( or down to charts in this case ) man I’ve ever seen…. I swear to you, now that I’ve started to really understand the trading world, started making profits and take it for what it really is, YOU are the most realest. I’ve thrown out all the MACD, and SMA, and Big spoon vs Little fork ( that’s something I made up to show how stupid all those indicators are ) garbage and just trade what I see. You are the closest person I can understand and recommend to anybody wanting to learn trading if they don’t want to take it from me….. Thank you so much for being the person you are.
Another brother who has found the light...and guess what? Loads more indicators are being developed and sold, all crap lol
You explain very well, like khan academy. Keep it up Nick.
just took a loss on AJ. Always so calming listening to Nick after a loss. It's only a loss. Onto the next set up.
nick you bold headed grass hopper you got me really excited ,,i will be a faithful student of this great idea
Amazing bro
Pls make some more videos about this trading system Nick
yes, Nick's most powerful video ever!
ive got the POWWWWAAA!
This kind of approach needs you to sizedown your position. And managing your own emotion
Why to size down the position? He says to use always the same lot
Nick; I think you are the only one who talks about trading in a very high level of transparency; acceptable approach method and what really trading can be in the real live trading environment; so far what I saw on RUclips who calls themselves "GURU MENTORS" are B****T talk compared to you...thank you for your great work and please keep doing your best; we need real traders like you.
This is the most important video Nick has ever done.
Hi Nick, excellent video! Two questions that have shown up: 1- Did you also test this system with Swing Tradings (4h, daily charts, etc.) ? 2 - In the older videos you were recommending to begin with Swing Trading bcs of the higher win/rate and bcs it is easier for beginners. But now, you are doing a lot of Day Trading. Why did you change it? Thank you in advance!
Nick? I know you do RUclips comments after your morning routine is finished 😅
Please answer
Just stick to the h4-d1 it works fine
@nickshawn what platform do you trade on(what broker are you using)?
Like the head shake at 0.09-0.1.
It’s thinking like this as well as taking a few golden nuggets from here and there. Take it all with a grain of salt and you find the good ideas will stick on their own and will just jump out and speak to you
I do like the idea, might adapt it a bit
Another gold video❗️
What’s the best time to trade gbpjpy and xauusd?
I fucking love Nick he makes this shit seem so simple… thanks brother for all your help. I’m subscribing with notifications. I need your help, sir. In this trading shit.
I love your mentality. You are maximalist just like me.
This is exactly how I trade Futures. Sometimes I'll get real saucy and buy twice as much on the bottom to move my cost basis down 75% instead of 50%
NIck, do you have an approach for Swing trading?
Is this buying options ? Im still learning and trying to figure out what he means when he says open a buy/close a buy, enter a sell/close a sell?
Nice
I promise to do my research and backtest
Nick do you still scalp this pair using this system?
i can watch these videos over and over again even though u talk about the same thing. The more you repeat the more my understanding .
Hi nick I watched the turning the 3K account into 20K video then brought a AMG video as u mentioned in this video. But I doesn't really explain anything about compounding your trades or accounts. There's a lot of other great information in that video. Please can u tell me another video that goes into more specific detail about compounding methods and compounding tactics. Or can u make a video on this subject if there's not already one. Thanks nick for everything u do for us we really appreciate it 🙏 ❤
great stuff as always nick would this work on a 300-500 $ account for us small account trader in the future would you consider doing this with a 300$ account
Can do this by just using the 1hr tf? By just drawing zones on the 1hr and trading from that?
You can close the trade take the loss and buy again on the 2nd resistance level and break even, there is no need to let your loss run.
I am new to trading. To reply to your comment, I believe if you close the trade and take the loss and buy again when it comes to 2nd resistance zone, like you said it will break even. however, the point is to not to close the trade so that you dont break even, but you profit. If you let the loss of 1st trade run, and place another buy trade at 2nd resistance zone, when price comes back to first trade's level, you close both trades. the first trade will be no profit no loss and the 2nd trade you placed will give profit. Correct me if I'm wrong, I am new.
@@thedemonicdoge21 yes but if it does not bounce back but breaks the resistance level and keeps going down you are sitting on a big loss, and it will be very hard then to recover, its your choice.
@@stevensteven3417 I guess the entire strategy relies on the (questionable) logic that "you dont know where price will bounce back but it eventually will" As nick said you place the buy trade when you believe price will bounce back. But as nick and many people in this comment section say that logic works out 99% of the time and if it doesn't, your loss will be little compared to the profit you make. But I am inexperienced, I will try everything and see what works for me.
I get the logic though and it makes sense But Idk it’s almost like a martingale system in gambling.. if you get it wrong 3x in a row you could lose 3 or 4 days worth of losses .
Genius!
So just a thought, since any level you choose doesn’t really mean anything, why not just buy and close at set intervals, like say every 50 cents or $1 or whatever for GBP/JPY and use say the 200 period moving average to tell you which direction to take the trade. If you get into drawdown mode, you wait for the market to bounce and you close everything at break even. That way you can basically trend trade. Just a thought. I’m actually going to give it a try starting next week.
How is it performing?
funny i did trade like this hahaha......but because your video's from break and retest i know better where i am aloud to do that thx nick
The real question is how many times can you do it successfully?
could this work on indices .....
What stock and crypto brokers offer hedging? Not sure if hedging is even possible for crypto. I will appreciate your help!
Nick are still only trading New York with this strategy?
I've been thinking about this and I don't see the point of leaving the initial trade open once you've seen that is has gone the wrong way. Surely from a profit perspective it is better to cut the loss and THEN wait till a suspected S/R is hit before placing the same trade again. There is no guarantee the price will return to the initial position but it is definitely more likely to return to the point where the loss was cut. Am I missing something?
Yes, you are. The reason the first position is left open during drawdown is because when you return to that area there is no real loss. If you were to close the first position while in major drawdown, then well...
How do you use coinx in usa
anyone know what broker he uses? have heard him say something like 1:300 leverage wich is pretty crazy...where is this offered?
It's awesome
GJ is heavily shorted by retail traders, you just cannot be wrong buying this right now.
How did you get a 500-1 leverage account Nick
Hedging 1:1 w/same like-kind underlying pair in a hedging acct, you have to close out initial position @ level of initial position invalidation, so that hedge offsets initial small loss and starts gaining past level of initial position's unwind. Else it'd just be a locked in loss as original loser keeps negating hedge winner 1 for 1, akin to 100 delta option. I do exactly that w/ options w/o underlying even, long calls & puts, layering & managing positions as trend/countertrend develops, continuation/reversal.
Eg, long from 100 to 110: long PnL = 10
Retraces to 107, long PnL =7. Hedge @ 107 with short
Goes back to 0: long PnL = 0, short PnL = 7
Drops below initial long entry 100 to 90: long PnL = -10, short PnL =17, net PnL = 7.
Akin to an OTM/ITM vertical spread where max loss/gain has been reached with two option legs offsetting each other 1:1, take off the incorrect leg & let the winner run so PnL increases in direction of the hedge instead of capping off gain.
Do the options cost much?
@@kevinjohnson3521 0-1DTE 25-50 deltas usually btwn 15 cents and a buck
I'm a bit confused about the mathematics behind this. How much margin do you put on the initial order and how many safety orders and how much margin do you use on those? I imagine you need to use a lot of leverage to double that fast, but that means you can get liquidated before your last safety order is even being triggered.
Last but not least...is nick still using this strategy in 2024?
Hi Nick
Thanks for all your brilliant content
Much appreciated
These people that jump into the comments section saying stuff about Mrs this and Mr that that makes 10x money in a week drive me bonkers . If it sounds too good to be true it usually is .🤪
Is this not called not accepting loss
If I buy a second and a third time on the way down the system compounds and averages my buys into one price. how can I close each individual positions, it is impossible. Is there something wrong with my platform?
15:19 how much per trade do you put a side on a 1k account.
Does this work on crypto?
how to buy your course. sir
What if it's a reversal And it keeps like going down and you keep taking buys at each level and it keeps going down
Account get blown if you over leverage
This sounds very applicable to BTC right now
Very dangerous method for those no familiar with lot sizing. Which you indicated. I've used this to get myself out of losing trades before, but it is not for the faint of hearts. My fault I allowed my self to remain in a losing trade. Take the small loss and find a new trade. Risk management
I want to join your course but I don’t have money. Im going to try this strategy and make enough money so I can pay and join you in a few months. Thank you 🙏
Me too 🙏
Hey nick. On some of your other videos , when you have put a buy but the market starts selling, you also put a sell to the next zone, and then put on another buy. You have not done that on this video. Could I please know why that's the case. Many thanks.
i think he has modifed this strategy here. hedging to lock in the loss while he waits for the next bounce. makes sense too
A lesson in cost averaging
09:06 I am actually doing this now. I started this 1 year ago. Now I am doing good. Slowly gaining my 5-year losses. I started this after watching your support and resistance. I don't like to cut losses. I know right, I am not a good trader. I am only doing 10000 instead of 100000.
How is it going? Is it profitable?
@@mk_4567 Its more like dollar cost averaging. Yes, I am taking baby steps so far so good.
@@sundri21 so if you try to flip a 1k to 5k and do it 10 times. How many times will you be able to do it?
So you obviously use market buy/sell entries.... not concerned about spread?
Yo, i did trade this system, ended with a small lost of 0.23 cents instead losing $50, didn't practice just go in live account straight with it, but i will backtest this in Demo dor sure.
🔥
this video is worth billions guys, probably even trillions