A Better Way to Improve Your Trading Results Continuously

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  • Опубликовано: 21 сен 2024
  • 🔥 FREE access to our exclusive Trader Masterclass: duomotrading.c...
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    Start breaking your trading down in this way to achieve constant on-going improvements in your trading system and performance with relatively low effort each time.
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    TRADING OPTIMISATION:
    We'll discuss the flywheel effect and how this can be used with your trading (both overall and in specific areas of your trading) to achieve constant on-going improvement. This is the first video in a series that will lead to you improving your trade entries in 3 powerful steps. Start off by understanding the flywheel effect and seeing how it can apply to your trading, before moving on to see how it can be used for the trade entries.
    #Trading #Tradingtips

Комментарии • 54

  • @kydddj111
    @kydddj111 3 года назад +8

    Success is the sum of small efforts, repeated day in and day out Robert Collier

  • @Okeysonresources
    @Okeysonresources 3 года назад +20

    I personally like your teachings.
    You are doing great.
    Please keep it up.
    You're helping in building a successful people.
    Thank you.

  • @ROMAN-oy5ju
    @ROMAN-oy5ju 3 года назад +10

    Really like that flywheel without risk management. It is spot on.

  • @somtonnamani5422
    @somtonnamani5422 2 года назад +1

    This channel is a gem

  • @G6Trade
    @G6Trade 3 года назад +3

    I've been with Duomo channel for almost 3 years now and I love every single video,every single lesson improved my trading a little bit more constantly. Thank you Nicholas and Duomo team for all the effort and the work you put in every single video. You are amazing,the lessons are priceless and I still love that bit of humor in every video😉

  • @nirmalkumar3884
    @nirmalkumar3884 3 года назад +2

    My negative feedback loop - series of losses in a row [3 or 4] makes me go on a tilt to get back the lost money and bring back the equity curve to previous level resulting in entering trades that contradicts my system. I have ensured that I skip the session after 3 consecutive losses and wait for the next session. The freeze time helps me in clearing up my cache :p

  • @ALIEN-gp2xf
    @ALIEN-gp2xf 2 года назад +1

    You're a diamond in the ruff! Too many trading gurus talking absolute shit these days. I appreciate the controversial yet informative facts ! 👏

  • @naturalmystique1237
    @naturalmystique1237 3 года назад +10

    I recently went through this negative feedback loop . I've actually stopped trading for a while my head was exploding in an orgy of bad psychology plus my confidence is totally fucked

    • @Duomoinitiative
      @Duomoinitiative  3 года назад +6

      Sometimes it's good to take a break from things to be able to fully reflect on what you need to do differently and where you may be going wrong.
      (By the way, as I'm sure you already realised the previous comment we removed was from a spammer pretending to be us - you shouldn't contact them on Whatsapp 😂)

  • @WeideMarket
    @WeideMarket 3 года назад

    Great video Nicholas! Yesterday I watched an older video of yours on how to journal my trades! I've been messing up in that area of my trading - been using chatroom alerts and completely neglected any kind of analysis or journaling. Starting afresh with more of a system and really putting in the effort to create feedback loops to generate a fly-wheel momentum effect. Looking forward to see more of your videos AND learn from them

  • @desacademydr.annaalkhub7241
    @desacademydr.annaalkhub7241 Год назад

    Thank you for helping me break the negative feedback loop

  • @dumiedube3117
    @dumiedube3117 3 года назад +2

    I really hope your channel grows because the content here is really helpful 💯

  • @yajolrac1168
    @yajolrac1168 3 года назад +1

    Thank you, Nick! I have been frustrated lately since I've been practicing(price action), learning from books and seminars and videos but I can't seem to feel any huge impact on my trading. The flywheel effect seem to be a perfect explanation for that so thanks!

  • @OptionsForSale
    @OptionsForSale 3 года назад +1

    I love your video's! I've been following you for a long long time.

  • @TruthOrBullshit
    @TruthOrBullshit 3 года назад

    great way to think about trading, big picture and analyzing within, glad i went back to watch this first video!! thank you

  • @investormd
    @investormd 3 года назад +1

    Subscribed!! Nicolas thanks for the value you provide! I've been trading for 5+ years and this analogy is so important not just in trading.... Constant feedback on everything you do to improve you results in every aspect of life.

  • @Duomoinitiative
    @Duomoinitiative  3 года назад +5

    In the next videos, we'll build on this concept so you can learn how to improve your trade entries in 3 steps. Until then, don't forget to check out our new Market Movers channel: ruclips.net/channel/UCp7KLFRTwOG19m7Pni_1FNQ
    🔹 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

  • @ove1kenobi
    @ove1kenobi 3 года назад +2

    Great video! This could be applied to anything in your life, really. I will think about how I can transfer this to my ongoing education is software engineering as well as to my trading. Thank you, father Nicholas! (yes, I still got my eyes on you :)

  • @marshallrauh
    @marshallrauh 3 года назад +2

    Traders with even a little bit of the gift and a lot of common sense and risk management as well as the best most optimized strategies are the most dangerous people in this business.

  • @j.d.4697
    @j.d.4697 3 года назад

    There is an additional vicious circle aspect in too big positions, It can mess with your ROI statistics big time.
    If the bigger position sizes happen to be mostly winning trades for a while, it can make an unprofitable strategy look profitable.
    If the bigger position sizes happen to be mostly losing streaks, it can make a profitable strategy look unprofitable and really hammer your confidence and account.
    I broke my habit of buying on impulse by creating a stricter, more mathematical strategy and treating trades not as buying stocks or making money, but rather as just applying a strategy.

  • @nealewarr3304
    @nealewarr3304 3 года назад

    Hey there Nicholas... excellent analogy which makes perfect sense however the thing that for my last 12 positions has turned things around is being an "insecurity trader". "What else could go wrong with this" question is where I needed to be trading from. Thank you thank you thank you 👍🏻😁

  • @Geekyavi1
    @Geekyavi1 2 года назад

    i searched all possible channels for psychology, dont know why youtibe hadnot brought up your channe earlier

  • @moroccancybercommunity8790
    @moroccancybercommunity8790 3 года назад +2

    Thank you, it would be great if you give some real life scenarios of how you are implementing this flywheel method

    • @Duomoinitiative
      @Duomoinitiative  3 года назад +1

      When we do the video on trade entries, that will be explaining exactly how you can use this for your trading.

  • @tradingmystery8541
    @tradingmystery8541 3 года назад

    Looking forward to next videos and can't wait really
    I usually see negative things keep happening in my trading, actually i was trying to fix and work on it, I can say that these videos came at right time👏
    Feeling excited
    Thanks nick🌹

  • @geegee3702
    @geegee3702 3 года назад

    Agressive making money + agressive keeping it

  • @Danny-no4ot
    @Danny-no4ot 3 года назад

    Is great to see a video from you. i love your approach to trading

  • @j.d.4697
    @j.d.4697 3 года назад +1

    I bet this is way too technical a mindset for many people, but it's perfect for me!

  • @IBendy
    @IBendy 3 года назад

    Risk management is essential....in the actual market the challenge is to find gems that still have potential.

  • @shubhamdeshmukh4906
    @shubhamdeshmukh4906 3 года назад

    Quality content... Thanks

  • @jorgeangel5978
    @jorgeangel5978 3 года назад

    great vid, thanks, today I get into revenge trading and made a small manageable lost into a big lost, this will help me to find a way to prevent this behaviour

  • @bigword3744
    @bigword3744 3 года назад

    Solid content as always

  • @skhumbuzojali3951
    @skhumbuzojali3951 3 года назад

    Thank you for this video

  • @robbertlewdrah1029
    @robbertlewdrah1029 3 года назад

    Brand and name of your office chair?

  • @tfm_patrick
    @tfm_patrick 3 года назад

    I just realize one area a need to work on is taking profits, especially knowing when and where I could leave a runner

  • @yomama8833
    @yomama8833 3 года назад

    Holy donkey balls, I was doing this all along

  • @denizerturk4239
    @denizerturk4239 2 года назад

    SUPER

  • @TrueOption
    @TrueOption 3 года назад

    Risk management

  • @FXCORRELATOR
    @FXCORRELATOR 3 года назад

    Interesting but complicated....Trading is simply using the pig trough system.....doesn’t have to be more complicated than that

  • @sharadagrawal8156
    @sharadagrawal8156 3 года назад +2

    make video on P A T I E N C E , i really want to improve on that

    • @thobelamene5080
      @thobelamene5080 3 года назад

      Hey you should check out his video on Patience but it's a motivational video it's about 5 min long was posted about 3 years ago 👍🏽

  • @DjSoulsaver
    @DjSoulsaver 3 года назад

    When's this new video coming then hmmm 👀👀

    • @Duomoinitiative
      @Duomoinitiative  3 года назад +1

      Hopefully tomorrow. It was meant to be sooner but unfortunately COVID got in the way!

  • @maxgoeieman4776
    @maxgoeieman4776 3 года назад

    Where you been all my life ?

  • @edgarmapesabusiness3490
    @edgarmapesabusiness3490 3 года назад

    Found yourself a lifetime subscriber and if theres anywhere i can subscribe i would subscribe and let me know.

  • @surething119
    @surething119 3 года назад

    alpha male

  • @surething119
    @surething119 3 года назад

    only 10k views for this video? that explains why 90% lose money

  • @Magani79
    @Magani79 3 года назад

    Great video!
    also, buy bitcoin everyone!
    bull market is ON

  • @kydddj111
    @kydddj111 3 года назад +1

    Success is the sum of small efforts, repeated day in and day out Robert Collier