a random number generator trades better than 90% of traders?
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- čas přidán 24. 03. 2024
- Trading is risky, and most people lose money.
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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.
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Great vids. Would love to do a Collab if you’re open to it ?
unrealistic back test not once did you check/look at time of trade entry 🤷🏽♂️ do you trade 24/7 and just not sleep ever 🤔🤣
@@sdicousit’s the 1h chart you’ll most likely have plenty of time to enter trades
All backtests are unrealistic@@sdicous
A random number generator also can put you in a almost non recoverable drawdown. Statistics always play out on a bigger sample size. And also the extremes of the gauss curve. But yes, this is probably still more profitable than most traders as it is kind of objective and is not affected by psychological issues.
Pretending to or trying to predict the market is the most tiresome and energy draining activitiy... on the other hand intuitive trading based purely on levels and being completely at peace with the fact that you can't tell what will happen next is the most calming approach
This guy is absolutely hilarious "unfortunately it's hit the profit target" always a banger dude, lmfao.
So very unfortunate 💀
Kills me 🤣🤣
Bro you are the funniest dude, the amount of accuracy towards the smart money😂😂😭… been following for over a year, keep it up Mr. Wagyu beef Doji candle over the fib extension that got stopped because the CME gap from 1943 is at the 15 day EMA…you’ve def helped me bro!!
Isn't it wild
@@NickShawnFX can u share ur broker statement to clarify if ur profitable trader?
@@kegdegha7421 His trades are public for over 6 years. And it doest matter. All he saying is make a journey, figure out for yourself.
@@kegdegha7421 the end 😂😂
I think there is one thing you overlook in your fantastic mindset. You are fearless. most of noobie traders would shit their pants losing 3-4 trades in a row risking substantial share of their account per trade. they would start closing early in the place where you would add to a winner lol. they would move their SL and would do all the other mistakes... you have this supertalent given from whoever created us. cheers Nick :)
No worries about your cough . Pray you recover from it . God bless you. Thanks for your guidance 🌹🌈🥰🙏
Hey Nick. Thanks for explaining your coughs. I too was quite worried. Good to know its nothing to be concerned with. Cheers.
I bow to your humbleness and kind explanations, greetings from France and thank you so much, you are an inspiration
You're the man !, exact the way you are , love your content with ticks and all ! keep it up sir !
It would not have made any sense to me. You looked always so damn healthy and centered to me. I knew it from the beginning that you are fine!! Thank you for everything!! Keep on doing this great work!
funniest trader on youtube, been keeping up with you since covid
appreciate your honesty and good luck
You really helped me to understand that ultimately it's either going up or down (duh lol) and to not clutter my mind with all the fancy flashy technics of bells and whistles that indicators give. They basically give you confidence to make the move but what I find more liberating is by betting only 3% per trade instead of the 20% I used to do. Overall thanks for doing this Nick, it's refreshing to see that you don't take yourself seriously like others. For what its worth, I wish you to keep a clear mind, no matter the situation.
I’d rather sit through a four hour video made up solely of your Tourette’s ticks than spend even 30 seconds on an ICT video
Hahaha
Real
😂😂😂😂😂😂.....
U could also win with ICT strategies but I wanna see that guy that loses 30 times in a row and still continues with the strategy till he gets that 100x win😅
Let em hate my man. You’re a people’s champ. One of the most valuable CZcams’s going. Never stop what you’re doing Nick, even if you “still have no clue” 😂
That was gold man and it’s most of us. In fact it’s all of us besides the ones in denial, refusing to accept that the markets can never be beaten. Only ridden for a less bumpy ride than others. you know! 🤘🍻
Im so happy to found you ,you are G!
There are stock market gurus who say they know exactly when a stock will reverse by using an indicator that JP Morgan gave them himself and it is the key to our success that too just for 499$ in his course. and then there is Nick who uses 'Wagyu Beef' in his videos.
The best kind of beef… 🥩
Thanks Nick, really appreciate the truth and satire. I have spent way too much on trading strategies only to have them be the bs of bs from some bs.
Cheers Nick.
Great to know the cough isn't something bad.
You're quite good at picking reversals/pullbacks. This is where your intuition kicks in. I hope to be at this level one day. Great trade management as well. I have changed my entire way of trading based on your methods. I'm currently around 40/60 win rate, but with risk management I manage to make a little each month.
can you simplify his trading routine for me? I think i might have adhd, I can't seem to focus on whatever his "strategy" is
Thanks for a very interesting perspective.
Love your ICT sense of humour man 🤣
I hate it when I take a trade and it immediately hits the profit target. Not as much as I hate it when it immediately goes to a loss, but still. I love your stuff and am glad your cough is not serious.
yeah I have nervous ticks too dude. glad you're ok.
Honestly as a very experienced trader myself you earned a subscriber. This is very funny and you are still doing smart trade execution.
🤯 I was literally asking myself how come you still had that cough, and you explained it. Wild.
ive seen this and your last vid only....and you have gained my respect ser...subd
Ive got TS as well Nick! You are a tough dude making you tube videos despite it. Hats off to you.
What are some of your tics? My biggest ones are coughing, making noises under my breath, clenching my stomach, pausing in between sentences, and squinting my eyes
@NickShawnFX snorting, making a shriek sound, eye squints, grunting are the main ones. My ticks evolve. They never stay the same over time. Do yours evolve?
Interesting. Yes, they continue to change over the years. I used to have one where I would jerk my head to the side, sort of like an obsessive feeling of the need to stretch my neck or something. One of them was that I'd clench my teeth all day, and then my jaw and gums would be sore. Another one was facial contortions, and a bunch more that I can't remember.
It's interesting how everyone is born with various things that aren't perfect, I really wonder how and why nervous tics and tourette's syndrome evolved over the last few millions years hahahaha.
@@justinb217
How to tell someone to eff off without telling them to eff off "If it bothers you, go watch some ICT videos" rofl... love ya bro bear!
after iman trading you are the second trading channel I listen(nvm I just watched 2 videos till now
)
Talk about finding a ghost! Your algo must be doing good i found your YT at random 😎 hope all is well dude!
Ehhh my quote last video became the title on this😂 any gifts? Ahhahahah kidding, great video Nick! Enjoyed watching them
😂fr bro noticed this! Keep going, you might have a future in copy writing
I just found your channel and right away placed 6 random trades on 6 pairs just to test it out…. Few hours later 4 are already in profit. NOT OVER-LEVERAGED
Thanks for making these videos, it really helps my motivation becoming a full time trader. Hope you are well and having a good day.
You are my HERO man...amazing
Awesome stuff buddy!
Just GREAT!!! So funny! I would love to see the random trading video you talk about from the day before... i cant find it .....
Awesome video! Thank you!
great video like always
Bless you sir.
Actually, it's kind of relaxing as I watch the video because it's coming at almost precise intervals like a drum beat.
Oh nick ,, believe it or not , i tested it and it worked ! This this really the first youtube channel that really helped me !!
I was starting to think that all youtube strategies were scum but u really nailed it nick
Thanks alot ❤
Can you please help ... I just deposit my last 800 usd after several loses unfortunately...can you suggest the best pair to trade . time frame .. lot size..you Will save my life..
I like the spirit of your trading Nick.
I'm looking at Renko charts. It's even more idiot proof then.
This dude is effortlessly hilarious
Hey, Nick. Thanks for the great videos! I wanted to humbly request for a video on what your approach/method is to classify a "good entry". I know you say "nothing matters but good risk management", but you keep mentioning "good entries".
What exactly is a "good entry "?
Appreciate you bro, I'll join your group asap
Can I get the link to wagyu setup? 😂😂😂
Exactly bro, the only winners in any Market are the ones who focus on Risk Management and Risk to Reward 1:2 or more 🎉
Hey Nick, thanks for your input 🙏 A question, how do you choose the kind of your risk structure (dca, hedge, SL)? Is it just intuition?
Been lurking a while. Great information as always and clean beard!
its funny how you explained in a video 3 y ago, how support/resisted DOES matter and that having timed entries gives you an edge
Nice look Nick 🤩
Your edge in this random trade model is just "waiting" for right moments.
Great video! What is the tool you are using where you can click buy and drag the TP/SL/Entry?
I trade UM UZ & gold there’s usually enough fun going on to catch some pips and now I’m embracing my intuition much more after finding this spanner)
You crack me up🤣👍🏻
Nick .. give us the beard routine asap ! 😮💨🔥🔥🔥
Dove foaming body wash to clean, and honest amish beard balm to condition
@@NickShawnFX Don't forget about ability to grow beard. xD
I like that you make it sound soo easy, and maybe we are complicating it??, After seen your video, I sat down and did what you show us on the chart, just randomly, and I can see directly that you are right, but I also see my big problem, if I let it go against me and wait out drawdown, in 75% of the drawdown cases it goes back to profit after a day or two.
I think the problem is also patience and stick with the strategy.
and thanks for sharing!
Love your humor
Your nervous, but you hold yourself so well, ;)
goddam bro nice video great commentary
Hey Nick, A quick one how long do you wait on this trades on average? love your approach btw.
you bought the dip at the right time
hello i am a pro algo programmer
the key component i think hes touching on is the setup and execution of trade,
Even a random based strategy, will execute the same setup, instead of veering off system to do BS
you can have a signal and 99% the market will follow that signal, but you gotta factor in:
- How many bars before you exit
- Do you have stop / Target?
- Do you breakeven?
It all gets underestimated and people just FREE TRADE instead
Explain your step by step guide how you control risk and how you use multiple timeframes with support and resistance
you and ict should be the opening fight for tyson vs. paul.
Can i ask if u grew your initial capital through trading the same way and compounding? Or did u invest the capital u have from other sources? You have completely changed my mindset and approach to trading. Thank you.
Always great content!
that beard is majestic brother
‘Majestic’, what an excellent choice of word 👍🏻
How does your Tradingview auto populate the SL/TP that you then drag to your levels?
Mine never auto includes it until I tick the boxes on each order I execute.
I emailed support and they said this feature isn't included and I have to tick the box on every order for SL and TP levels to auto populate.
How did you get this function to work?
When you talk about a new account, do you open a new brokerage account with the same broker, a different broker, or is this something else? Thx
Yo nick I'm new to this trading life how you get the stop loss and take profit indicator on there with how much you are risking
Bruh, that wagyu beef strat works mane!
This was trades that were over a period of about 4 months. Can you do this on any short time frame of your choosing over a week or less using the same approach or does the risk management approach work much better on the longer time frames and in especially forex?
Thank you Nick! What system do you use to run this simulation?
It's trading view in replay mode
@@fluxus_tr Which tradking platform?
Can you pull of some strategies like this on a lower time frame like 1min?
Im asking cos i've been doing a similar thing and I know what the answer is, just thought it would be nice to hear your thoughts.
Win/Loss Ratio 1/420😂
Nick, i love you
Can you please do a more in depth video on the degen strategy that you posted last week? Im about to jump in and I know its high risk but it I have been non stop back testing and , im in love bro.. I cant thank you enough! I know you probably don't read the comments but I want to see your results and challenges, how you select and split accounts with this HRHR start and what you results have been. You dropped some hints but a more indepth video would be amazing. just do it bro, you know you want to
coughing is ok. your video is great
Literally amazed how you did that it can't be that simple
It isn’t, it takes a lot of experience
I'm trading a similar style to this with the idea of growing a small account to a million. Going for a 1:4 R:R. I've gotta slow down stop switching up though. My account is down until I can deposit again. I turned the $3 I had into $24 in a day.
I've played with the paper trade account of 100k and made 57k in the span of 3 weeks. Your strategy works, and the funny thing is that I was doing this before I had ever seen any of your videos. So after seeing this makes me confident that what I did was not a fluke after seeing you do the same and it working for you as well. So, yes this does work if you manage your risks because I have done this. The only thing holding me from starting a live account is trying to figure out how to do the taxes part at the end of the year, especially finding a certified CPA tax accountant to help do deal with the end of year taxes. I'm still searching for a CPA before I open an account with a broker. Any advice on the tax aspect of it?
"Inner Circle Trader" 🤣
I watched the previous video and it hit a nerve with me so gave it a spin on a paper trading account. Not totally random entries but just using a VWAP and some intuition. I got slaughtered on one trade though reduced my loss by hanging in for 2 days but the rest (about 7) were all winners and only one of those needed a second entry. I wasted many an hour with ICT, we live and learn.
You shorted tops and long bottoms, and it works. But that is totally a proper way, no miracles there...
yes it is..its in UK ..Essex😀
I tried this, and it worked in replay. But with real action there's a spread that makes this much harder to do well. What instruments do you recommend doing this with?
Do you ever trade stock options? Sometimes on bullish markets you can turn quite a nice profit on by putting BPS on companies that are swinging up
Hello. I need your help which means do you provide any courses about forex trading?
Your strategy obviously has an edge, otherwise you wouldn't trade the way you do. When markets get extended they pull back, it's that simple. It may not be mechanical, but the strategy definitely has an edge. Your other edge is being able to turn losers into winners. This combination could be considered the holy grail, or at least labeling it as the best you can get in trading. The only thing I would add is how you set up your accounts. There really is no difference between what you are doing and just having one account with all your capital and defining your % risk/reward based on that amount. You might be doubling a 50k account but if you have a million in total assets that's just going after 5% to 10% every month or two. (or whatever your actual results are with multiple smaller accounts) Kudos to you though with your results and showing a different way to look at trading, wish you all the best. o/
Hey Nick, can you do this strategy on higher timeframe?
Buying an asset (for instance Bitcoin) by slump and riding it while it skyrockets is 90% luck, and 10% knowledge.
Well if you actually believed you had no edge before this video (which i dont believe lmao) lol you found it at 2:57! That ability is your edge 🙏🏽🙏🏽🙏🏽
hey i was just wondering what if you placed both long and short at same time with sl at 1% on both side and tp at 1.5% at both side then once sl would hit on one trade it would be alredy at breakeven due to other trade in profit and after +0.5% that would be profit what is your opinion on this
One of the most funniest guys on the interwebs
How do you or what is your thought process in handling losses especially when blowing an account? TiA
Im seven months into trading and I’ve been trying different strategies but mainly Nicks. The only issue is that trading view doesn’t allow me to add to winning trades whilst on a demo account.
What should I do? Do I keep trying or switch strategy?
PS, I about a 50% win rate with Nicks strategy.
Mr eggman lookin ahhhhh robbing the market of all its gold rings
Bro...we really dont want everybody figuring this out lol
Ok yes it seems to work but you gotta keep testing it to know the probabobility is in your favor, after 1000 trades u would probably be back at 50 or anything aboitb50% would mean younmade profit (if you do 1:1 ratio of risk to reward)