stop trading with a strategy, do this instead
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- čas přidán 29. 12. 2023
- 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
I’ve shared all my daily trades and analysis for free for 5 years in my public Telegram: t.me/mfxpublic
This is the mic drop video….! The ONLY and FINAL trading (no) strategy video to watch! Thank you 🙏
2024 is your year people, focus on what nick is preaching and you are gonna make it. Nick have a great year man thanks for all the help ❤
shutup bot
The fuck bro
Let’s go I already started The last half of Dec 2023 great.
May you be prosperous this year 💯
Same to you, let's get it!
even if it is a bot its a positive message@@poonOFdoom8vids
In basically every other CZcamsr's FX video they all state you MUST have a system with hard/fast rules so you can repeat it and NEVER break the rules! (no intuition allowed!) The caveat is that they all also state that the system does not work indefinitely for a multitude of reasons at which point you have to re-engineer a new system possibly for each pair. Your non-system strategy appears to have been working consistently for 6 or more years now with slight adjustments along the way. Sticking with a few basic fundamental guidelines appears to be a much better and more consistent approach that allows for personal freedom to think and act on the go. I have been paper trading for 6+ months now and I believe I am approaching pretty decent profitability using these simple fundamental general guidelines. Thank you Nick. When I'm ready to work with my hard earned money I will be joining up with you and your courses. Keep it real that's the only we'd have it. Happy new year sir.
Dude you’re a messiah. I know you don’t push for financial advice but your trading mindset has helped me tremendously with trading. Happy new year my friend
it has been 7 months since I started to learn from your CZcams videos... On Firday I passed 1st Phase of prop firm challenge. Thank you for making trading so simple (not easy)
Congrats man! You got it. Calm and stady. I'm starting my challenge right now, after 1.5 yer in the game.
Be careful of prop firms some are good but many steal your money
So do you use a strategy?
@@js2sgamer951 bro missed the point
@@turbosnack who’s bro?
Its like with every video you are trying to make an improved version of the previous video, and you nail it every time. This one raised the bar by a lot!
“Kill the horse”, I knew what you meant but I still chuckled a little. Thank you for your content. My first video of yours and I’ve probably learned more in this video than I have watching other CZcamsrs in a while. I feel like I needed this, I’ve been kinda stuck for a while.
It took 3 years to understand that day trading doesn't work for me. Only since I do swing trading (I hold trades for many days) and work in the Daily Chart, things have been going well! Thank you for your help❤
I'm the same way. I have to use more of a set forget style. I look for trades put them in my task manager EA and move on. Living in CA only gives Asian session. I don't know how Nick sleeps in Texas time LOL
Can you please tell me more about your strategy?
@@mooncake4329 place trade how you feel 🤣
Fk swing trade day trading is how u get rich
@@JuicedMoose In the CA, too, and I'm getting burnt out due to lack of sleep. Please tell me more or point me in a direction to learn about your "task manager EA". I did a google search, but non of the link deal with trading. Thanks.
Happy New Year. Continued success for the year ahead. Thank you for all your teachings. Gratitude.
Nick, this video has kicked my head tremendously. Amazing stuff. Happy new year!
Nick youre so hilarious!! have a healthy and prosperous 2024
Thanks to finally trying your simple approach to trading, my account is finally sprung back from the dead, and catching up to where the balance first was a month ago. The drawdown wasn't terrible, but you could see on my Excel progress graph that I was overwhelmed by all the strategies and noise on CZcams. I should have just kept things stupidly simple and controlled risk and managed my trades properly. Cutting losing trades short, and adding to winners. That I wasn't doing at all, lol. Thanks Nick. I'm laughing at myself now for how simple trading can actually be. My confidence has skyrocketed, and when I lose, I lose small, but my winners are now on average bigger than my losses. Even after I lost a few trades in a row, I still made money on one trade.
Hey man can I ask for your discord? I wanna ask you something
The thing with strategies is that when they stop working they fuck up your mind and gets you thinking why it stopped working. So keeping things simple is way better imo
Hey , glad to hear is working for you , I'm getting pretty tempted to jump in paper trading and JUST start trying it ! 😮
@@nelliemillan4627 bro just start paper trading. Be profitable for a month or two and then jump into your real account. I was trading with small account in the beginning and gradually increased my starting capital as soon as my risk management was profitable. Also my risk structure is somehow a martingale approach but simpler. When I lose a trade I cut it early and then the next one I open is double my risk. Guys it's the most hilarious thing I have a 3 in the row losing streak and then a single winner makes more profit than all 3 losing trades 🤣
Can you give us an update on how your doing?
took me 4 years to get to the point and u was one of the reasons thanks mate
and its not about this video just in general cheers bro
LFG 2024 is our year people
hey dude, can i add you on discord. i wanna see how followers of Nicks approach are really doing?
@@AySupp yeah send me your discord acc
yea sure shlong.00
@@AySupp sent u
Loved it , just loved it because of "smart money,ICT, order block, distribution fair value gap confluence accumulation " 😂
Wagyu beef descending bull gap Fibonacci time confluence
Oh Wow! I never thought of this. I will try that random buying and selling. This is a very interesting video. Thank you for sharing this information.
This is exactly how I trade.Once I see a trade playing out I wait for a minor pullback on a 5min and enter again aggressively.This is the reason I can pass any prop challenge with only 1 trade.Thank you for reaffirming my way of trading.
PLEASE ADVISE ME.
I was told to spread my savings across different things like BTC and Stocks to protect and support my retirement. with everything being shaky,I'm considering going into Trade. i don't wanna make the wrong choice.
Ellen DeGeneres hosted Kate floretta on TV 2 yrs ago that was where I saw kate and followed up.i have also been attending her Trade seminars.
you must have these things in mind
1. Have a long term mindset.
2. Be willing to take *risk*.
3. Be careful, if you're not spending to earn back, then stop spending.
4. Never claim to know - Ask questions and it's best you work with an assistant.
Yo I didn't know Kate was this popular,my cousin trade with her for some months now, I tried but couldn't understand anything it's not my thing tho so I passed Lol. I can testify that trade pays very well because my cousin at 23 bought a house already.
When it comes to Trade, I can confidently say that bitcoin is the best option. But most people think it's all about buying and leaving it to rise but It takes a lot more you need to trade it to earn daily.
I think I might have came across the name on an interview last year where she spoke about finance.
These past few months ive been coming to the exact same conclusion. Ive been trading for a couple years maybe 3 idk, but this past year that has been a big observation of mine. I also havent noticed any of the actual successful traders I know use rigid strategies (you included) and I myself have found trading by nature of the market and working with what it gives you instead of predicting, works out a lot better. At least for me lol
same here man, never really understood why trading had to be so damn rigid, i always liked being flexible and adapt with the market, 2024 lets gooo
Thank you for the continual stream of valuable information!!!
Real deal...you're the man Nick
Wow, just mind blowing. I’m fairly new to trading only having a grand total of 5 months. Learning and trading, but December was a turning point for me. I couldn’t comprehend why everyone talks about strategies because for myself it didn’t matter if I traded SMC or S&R I would be the reason why I blew my account. My mental control would cause me to over leverage or FOMO or revenge trade. I was a sore loser, but after watching your videos I’m realizing I need to chill, I realized strategies didn’t matter this month and sticking to S&R for simplicity would be easier, than adding in your mindset, that to me is the most valuable thing is the mindset behind this. it wouldn’t matter what strategy you use, the mindset is what I needed to hear. Thank you sir because you have just helped me tremendously, now it’s up to me to implement it.
Got all the ingredients for an eventual failed traded, come back to this in a month.
You are the man and are so CORRECT
Your teachings are too good to be true , but I'm sticking to it because you're the simplest , easier , no drama trade I've found .😊
you aint sticking to nothing bot
@@poonOFdoom8vidsare you saying this guy is a scammer?
@@adam55719 No all these comments under the video half of them are fake bot responses.
Happy New yr! Gr8 stuff u teach
Great job. Really helpful information. Thanks 💯
I respect your mind! Your words have given me confidence to believe in my decisions. I am going in 2024 more aggressively. Keep the grind going! Happy New Year!
Just watched today Nick... so perfect as i have been thinking the same thing... (semi profitable) but, brain overload. Loved it
This has always resonated with me. Thank you
Man you are on Fire! Your trading methodology is on point, but I have to ask, your intuition, your know how and how you arrived to this awesomely simple "strategy"... would you say, technical analysis, chart and candle patterns, waigu smart money concepts, ict... helped hone your intuition? Like, is it something we would all have to go through or learn to know or feel when to add to trades or stop before too much draw down.
I started trading about a year ago, your content has been the bomb and I will be joining your close friends once I make the money trading. I first found you on the Trading Nut podcast, and you had a shift from your first appearance vs your following interviews which brings up my question.
and hey, Thank you for sharing all this stuff!
The way you simplify trading IS the strategy. Good work bro. U really for the trading community 💪🏾
Exactly what I needed Nickelodeon, we appreciate you! Realest trader in the world
You might want to turn off spell checker 😬
@@dee23gamingMaybe he just badly needed Nickelodeon.
Thanks nickname
Might be the most valuable trading video on CZcams 🔥
I like hearing this because I am pretty good at predicting but I don't have a real strategy. I've only been practicing a few months, but I'm getting pretty good at it. Yesterday, I closed a trade even though it was only halfway to my TP and I felt bad about it, but my gut said to, and a minute after it took a sharp reversal for the rest of the day. Not sure how I knew that was going to happen, but my gut did. This happens so often. It's nice to have confirmation that this way is ok.
If you think you "knew" you didn't. No one knows. It was just your fear telling you that. Rule number one in trading: anything can happen at any time.
@@gappuma7883 I thought I was breaking my discipline by closing early and was just being fearful but realized my intuition was spot on. It was nice to close in profit instead of breaking even or loss. It's like dancing to a song that I've never heard before, but kinda knowing what's going to happen next and flowing with the groove.
@@sleepingtiger2096 it's not so
Very valuable insights.
Thumbs up from me!👍
I fkn love your attitude dude. I do pretty much the same... with little rules
Really appreciate your knowledge. I’ll join your Telegram for sure. Take care of that cough bro.
Thanks, my American brother! Keep up the great work! :)
I love you man !!!! This is a fantastic video and absolutely affirms my beliefs. I had been trading crypto's for a while and my win rate was over 70%. I felt that i could still improve and started watching trading videos......all they did was make me feel I wasn't knowledgeable about candlestick charts and that I was doing something wrong because my system of trading was very subjective and not replicable by another person. My portfolio took a deep dive into the red and once I went back to my previous methods I'm profitable again !!! And, your video just bettressed my views. Thanks a lot....keep on doing it YOUR way... A la Frank Sinatra !!! 🙂🙂🙂
The horse betting analogy is amazing! Makes you feel silly for adding to a loosing trade and cutting a winner when you look at it this way! Thank you. Note taken
I've been thinking about this too. This is profound bro
You're a good man I love your content stay blessed
Appreciate gems like this. I learned my entire trading career theres a strat that works over another one more but it really isnt true.
This guy is real deal. Not trying to teach nonesence free youtube stuff what doesent work
Agree! Market can go up, or go down... risk management beats 4-5 indicator strategy. All day, every day.
Don't Kill the horse?? 🤣🤣 Have a fantastic new year Nick.
Just wanted to say i really appreciate what you do you have helped me a'lot by just keeping things simple and controlling risk just that alone has made me more profitable than i've ever been within my journey all love fam keep going !! ❤
I'm excited I found you. I'm literally just trying to learn how to place a stop loss. I'm using crypto to trade but I want to trade stocks too or commodities. I'm hungry. I'm willing to go the distance.
I genuinely feel like you are the one CZcamsr who has best set up my mind to be a profitable trader. I don't know when I'll be profitable. Before the end of 2024 sometime, I'm sure, but the way you say things really speaks to me. I have a lot of respect for your blunt truth. So thank you!
Does not help listening to this
@@israeldiamond5582 do you have recommendations to help more?
Now this is it guys. So long I tell people just this, what’s separates a profitable trader is not strategy but because they have enough experience on what kinda of trade setups the double up on and which one they don’t even have to take a FULL loss on.
Over $300k in payout from prop firms and till today I still cannot put what o do as a strategy but experience which people have yo learn themselves.
Dude love your channel!!!!!!
Always love the simplicity ❗️💣💥
Appreciate the black and white Truth. Have been through all the trials and gurus and the simple fact that you are saying how it is def helps and encourages. Appreciate you and your channel🙏
I always wait for a retest and make sure it’s moving in the direction I want (with volume) before getting into the trade.
My goal isn’t to catch the whole entire move but just a piece of it, and overtime I’ll scale up to have bigger profits with smaller moves.
man I have backtested so many years of price, and this is just plain true. You take out more total money because there are more total smaller moves. a 120pip move is less probable than a 60pips. @@clarencecross7385
if you have developed this skillset god bless you my man and keep on going
Same here using supply and demand for my zones and volume profile has been amazing for me
What if there is no retest tho
i agree so much with this video been trading for a year now and finaly managed to get profitable, and if i had to explaine how i have no idea at some point you get a feeling for it and that doesnt mean you stop making mistakes you just need to learn from them.
Well, I think it's time to realize "you'll never go broke taking profits." Buffett is also selling! I'm still uncertain about selling my $260k stock account, but considering its recent significant decline, might just get through with it.
Don't sell; avoid trying to time the market and incurring unnecessary taxes. Stay grounded and focus on the long term. Or just seek counsel from a market strategist.
This is why I've entrusted a fiduciary with my investment decisions. Many underestimate advisors until emotions lead to losses. My advisor crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to $780k, generating sufficient dividends for my household's needs.
@josephbush Mind if I ask you to recommend this particular coach you using their service?
'Heather Lee Larioni' is the fiduciary advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.
I mean Nick...just straight to the face No filters like snap,insta 🤣🤣
Hey Nick, though I may have a slight disagreement, I am in agreement with you 99.8%. Been trading for 4 years, brother, and I can certainly tell you that adopting your mindset about the market really does relieve one of a lot of stress. What really helps me is money management and just being patient. I don't even worry about looking at the charts and I can live my life. Keep up the good work, brother.
KOBE WAGYU BEEF
Gets me everytime
What
Am with you bro. U are very right.
You are hilarious. I trade futures but learning a lot from this still. I'm learning to depend strictly on price action; how a candle closes. If it weakens, I'm out. And not trading against a bullish or bearish trend like a moron. I will try to have the balls to add as well to winners, thanks.
BIG THUMBS UP FOR FACTS!!!
thanks for sharing your experience. its gold.
the beard suits you
Seems like my boy Nick is bored again in these damn weekends :)
As i started trading, I realized your "strategy" can only be so mechanical, no matter how ok, good, kinda good, perfect your setup looks. You have to make the decision at the end of the day the market is forever changing, and your setup is going to always look different in someway.
Shawn has been eating that wagyu beef 🥩 😂
Thank you for this wonderful video , does this work in crypto market as well ?
Yeah makes Sense, intuition and risk management.
The BEST TRADING VIDEO EVER!
After 9 years of experience of my trading journey I have at least found some one on CZcams whose style resembles with me for 60 to 70 percent
Who got f$&ked on the GBPJPG heading down on Friday..ouch..shit happens..I’ve learned so much watching the market and following Nick..
Hi Nick, i've made every mistake in the book so i need your help please, which time frame in forex trading do you look at in deciding if your going to take a trade?........i'm interested in a day trade not swing.
Exactly, zero predictive power, the market is unpredictable.
Yapping
Common sense will get you a long way , enjoyed your video mate . Have started forex the last few months never done it before and am just trying to make the best judgement
I can started with £250 and am currently on £5000 just by looking at the charts .
17:53 Carlos 🤣 that's my name, wtf, that felt personal! 😂
Thanks for sharing.
Nice and straight forward 💯
Hi Nick, I came across a problem watching your videos, perhaps because the first ever video I watched was the one where you enter mutable times in the direction you chose first, if your trade lost, but than I watch more videos and found more info, a different way.
So I like to ask if you dont mind what is the real strategy to follow, thanks
good stuff
Hey nick what platform do you use to trade stocks?
good Video truthful statements . why do i say this Trading 57 years i lived it . there is a way i don't have the Knowlage to script the way i think for trading . also a second way having an AI reading the CHART'S off the screan .
F A T A S T I C ! ! ! ! ! ! Thank you Nick
Breh, me agree cause ain't nobody know if it's 50/50 up or down man even if you use the wagyu beef strategy
8:52 Man, you’re so right, not until I simplified my trading that I start to become profitable. I was trying to follow ict concepts with liquidity, making sure I wait until a liquidity waiting until I break a structure let price come back into a fair value Gap nonsense. That way of trading is like rocket science trading should not be that complicated and it’s funny because most of the CZcams videos talking about that strategy will say this is a simple easy strategy……😂 uh for a new person no, it’s not
Same, I realized when I started getting too technical I’d lose. As soon I just started to stop follow the noise and trade what I see I started making money.
I use your support/resistance strategy, trading breakouts and when I'm short looking for supply and demand gaps on 1-5 min chats. at 1:500 seems to work on almost every trade.
Best FX vid i have ever watched, apart from the gimp suit, the truth is a bugger.
Hey nick quick question, why you use stop lost now instead of hedging?
Sarcasm king is back with a new year treat 🤣
Hey Nick. Thanks for the video. I can hear it a thousand times and still have trouble sticking to it lmao.... On another note. That persistent cough of yours as been there a while now. Have you had that checked out???? All the best
I want to come in here a say my peace. You are 1 of a kind my friend... taking this time for others is really a stand alone falice of amazement lol and for free. Thanks for being a soft and kind voice for my mind. Your tone alone has carried me through stressful trades. Much love bro
No, find a trading system u can work with, make it simple, have a plan, but definitely use your good intuition as your base. There are times when I go off script. And that's okay. I only trade SPY options. One market. My system runs at least
75 - 85% in terms of predicting the trend before I even enter. Maybe sometime I can take a screenshot of my dashbord.
Upwards & Upwards!
- CT 14:15
Same SPY 0dtes.
Great advice!
Thx, this helped a lot!
Basically just sell a course, you'll get consistant profits.
You are giving an example of intuitive trading. This is a level that is usually not available to novice traders. But it is definitely a goal to work towards. For novice-intermediate traders mechanical approach is better.
Nick 2024 sa fie un an profitabil,mult respect.
@@dragosracovita447 salut ,se aseamănă foarte mult strategia si felul meu de a tranzactiona.
well said, dude!
I just turned 18 2 days ago. Time to start up an account!
Nick, I think you are in the zone when you trade. Unfortunately retail traders are taught how to lose money via technical analysis and fundamentals. The price will do whatever it does. It's all about buying and selling, and as you said, intuition.
WYCHOFF KNOWS BETTER THAN NICK,
Exactly. Even Goldman Sachs had 80% accuracy last year and they have money to make the market do what they want 20% of the time they got ran over. So now people are selling these 80% win rate strategies. Yeah ok. That's why I'm subbed here because we think alike. I've always said in discord servers the best thing you can control is your R:R ratio. You be right 50% or less of the time so.
Here's a take-away from this video 'keep it simple and control risk'.