It's amazing to see AMC doing well after all the doomsday analyses from naysayers. The stock market is a device for transferring money from the impatient to the patient - warren buffet. It's good to remind people of this right now; you buy on fear and sell on greed or just hold through it all for the long term. It’s easy but lots of people forget.
You should take a proper look into diversification of positions because the market can be incredibly volatile, and on any given day you might get good returns or lose a big chunk of your investment, but if you own shares of funds from different companies, you're spreading the risk out by a lot.
@@danielkey1463 I have been thinking about how to grow my reserve by 100% or more within months. I will be grateful if you can give tips or anything on how to make good market picks and how I can get my portfolio diversified and balanced to meet up my target.
@@mayacho4910 I spend a lot of time with family and less in the market, the best thing that has tripled my net worth trading ETF was my Fiduciary Financial advisor 'MARTHA ALONSO HARA".
I just started not to long ago. And it’s crazy how almost nobody talks about hedging.. u became one of my favorites. Binge watching your content. Thanks man. Take care bro
This is the most in depth comprehensive video you have made to date, I have been scavenging all your content I could find, and this video takes the cake, thank you for releasing what you have learnt and developed to the people, we are you forever grateful.
That's why i stopped doing that shit. The mental energy required to keep up which trade is which is too damn high. Almost always ended up choosing liquidation over micromanaging the hedge to get out safely, just to get some peace and mind. Proper technical analysis and choosing a direction is key. Accept the small losses, or else you'll lose everything.
Yeah, he's way too deep in hedges here in this video. Accept the loss and open a new position when you see an entry. Plain and simple. For someone who harps on simplicity, this gets needlessly complicated.
PLEASE ADVISE . I was told to spread my savings across different things like stocks and bonds to protect and support my retirement.with everything being shaky,I'm considering going into Trade.?
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.
The wisest thought that is in everyone's minds today is to invest in different income flows that do not depend on the government, especially with the current economic crisis around the world. This is still a good time to invest in gold, silver and digital currencies (BTC, ETH. stock,silver and gold)
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'm just beginning my education in forex trading. I understand I have quite a ways to go before I'm ready to live trade (6mo to a year) but I am absolutely blown away by how well I understand not just your basic, simple strategy but the management techniques you're using and the particular contexts in which you would use them in. I've subscribed and I'm going to use everything I can learn from you as my fundamental foundation to work forward from. Once I'm further along in my knowledge I will be subscribing to one of your services. Thank you.
@@NickShawnFX thanks for sharing this website it’s fantastic! Totally a tool I didn’t know I needed so badly to aid my overall positions! Your channel is literally the best thing I’ve discovered.. I’ve binged all your content for the last two weeks and you’re amazing with your expertise and just your all round persona. Can’t thank you enough for sharing your info and time with us. When I am in a position to do so I will all join Mission Fx
What everybody forgets when fixing a losing trade is that they spend too much time waiting for it to end for example 1-2 months and they missed planty of good set ups that they could use to come back from the loss but now they missed them because they were full on this one position to “fix” and they couldnt afford opening another position because of the margin call that can come 😅
Brilliantly explained! Just this morning I got myself out of a crypto trade which went horribly wrong. Made only a tiny loss using these techniques. Although I've always traded instinctively with a similar style, your videos are giving me more clarity, and can see myself improving significantly. Cheers!!
The best thing about these videos is your calmness. The most important message for beginners is: don't rush. 😊Think about why you go wrong and lose trades, think about what you can do to turn a losing trade into a winning one.
I came here to learn how to trade after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k. Somehow this video has helped shed light on some things, but I'm confused about the current market volatility, I'm a newbie and I'm open to ideas.
Good stuff. I've been trading for almost 2 years now, and yes, there are some simple pairs that do not necessarily require hedging (e.g. USDCHF) but then there are the ones with the big moves that I think hedging is necessary for profitable trading (e.g. EURUSD and GBPUSD). Thanks for validating my views. Your teachings are gold.
I was able to save a lot of money in 3 years. I landed a 3 year consulting gig paying over $100K a year. I reside in the mid-west where there is a lower cost of living. I lived with my Mother ( I paid her rent). During this time I also paid off my $15K student loans and $18K Jeep. Now I have zero debt, still making over $100K and able to focus on building wealth via investments, etc
Most profit comes from capital gains from owning a business. It's good to have a multiple streams of income (investments) What really guarantees financial security is having multiple streams of making passive income
My wife and I are retiring this year with over $6,000,000 in tax deferred investments. up until 3 years ago we were 100% in the S&P. During bear markets we had a perfect plan. We got an investment manager in our corner and didn’t look at our portfolio for nearly a year. Just kept buying at low prices.
My strategies for an Early Retirement 1. Replace active income with passive income sources (stocks/crypto) (Real Estate Rentals For Cash Flow) 2. Reduce personal operating cost (Housing costs are typically the largest) 3. Automate income streams (Property management, online businesses) 4. Leave the 9 to 5 =) (Success)
Been looking at trading tutorials for a few weeks on UA-cam. Got maybe 20+ videos liked to come back and check for reference, then stumbled across this tutorial. Deleted all the previous liked videos and kept one, this one! Only question is what is hedging? Thanks for the no bs no nonsense approach you have👍🏼
This is me. I do exactly the same but to add you need a 1.500 account and a decent margin to draw on. I've blown so many accounts trying to trade this way with a 1.3 GB broker. I'm now at a position of being able to acknowledge patterns and yet I don't seem to get the breaks. I've almost given up so many times but I feel like I'm days or weeks away from turning it around and don't want to waste all this knowledge I've gained. 🙈
@@reverietrades That was exactly my point. I used to watch my profit column going up and up but with no regard for the equity or margin. I have now learned the profit column doesn't belong to me until my trades are out. That's the part I get trouble with. I end up hedging 3 or 4 times on the same trade and then get stuck. Either the market stops moving quickly enough or my patience caves in. Nick's video showed me to wait and make the hedge MEANINFUL!! I'm going to try that this week. At least I'm breaking even at the moment.
Hi. I'm following your trading style about few weeks now and I found it very interesting. I'm wondering in witch timeframe you trade? as most of your video are based in a daily chart. Thank you
Nice Video!! Thanks. Im gonna bk test with option stocks. It looks that It can help with the bad habit of letting losing positions run and moving stops.
Basically, said that you have a statistical edge in the market by using support/resistance, all you do is by hedging is playing the game until statistics turn in your favor again. But if you know you have a statistical edge anyways, there is no need to do so. Take the loss and focus and your system...
Before knowing Nick I had my ups but mostly downs for years… results after my first year following his tips and changing a bit my mindset? +290% (micro account) this year with a mini account +18.2% (transitioning to swing trading) so not much action but with just 20 minutes a day I’m done 😅 I tried hedhing but my mind still insists in adding so every once in a while i take a hit to the jaw. If I change that my account can skyrocket (even more 🤯)
Stocks do not just go up ambiguously, forex this strategy seems to actually be the best strat ive seen out there. Hedging and rolling, this the only fx strategy that makes any sense to me. The market always has some small wick into stoploss. 1 to 1 makes a ton of sense and ride trades when time is correct. There must be some correlation for volume though. There must. To add to trades to take or not or ride or stop out.
Have you ever used the old strategy of doubling up and reversing? Say you are long and wrong 1 lot, 4pts or what ever down, then close out the long, go short 2 lots? In some cases can save your ass, but if the market is whipsawing, it will eat you up.
Many times I have blindly added to losers hoping it will reverse soon, only to have it be a record day where the Dow plummets 900 points. Adding bigger and bigger as it drops!!
@@ilqnd_9356 Thanks. My question is independent on this particular video. Hedging and exiting/entering are equivalent. So why is it hedging more convenient, if it is at all. Is it just a psychological trick to bear a losing trade? I'm just curious, not criticizing anyone.
The entire fixing the trade is pointless. Just take the loss and move on to the next one and trade it normally. Less chances to get confused about all the extra trades just to get out from under and the results are virtually the same.
you pay for $1000 to join MFX right? for example you're in the market, then hit the hedge position and then come back and you don't know what to do next? are you gonna help us with what to do next to be able to manage that situation?
That is an actionable plan IF: 1- you have a fat account to play with 2- you have some YEARS of experience trading. If you don't comply with both conditions, 99% probability you'll blow up your account.
I just tried hedging in my sim account, ended up in multiple position at huge drawdown, I was in a stressed position but somehow prices goes in the right direction and cancelling each other. I have never been so stressed in a sim account😂
I always feel like your statistical reasoning is incorrect. Baseline should be 25%. You selecting up is 50% and then the question is what the market does. If it goes up then that is .5 *.5 for .25. Comparable with a coinflip before going long.
I thought I would try a stop loss using range duplication and was working wonders until this morning . Market opened at 100Mile per hour winds and blew my stops all to F*&^%. NO MORE STOPS FOR ME ( I knew better lol)
interesting video. Some of the information you give is incorrect but with an understanding of risk, you can turn L into W or a much bigger L. Thanks for the video.
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Mrs Katherine Flores.
Hedging must be a psychological thing. How is it different to closing then just getting a winner next time…psychologically you haven’t taken the loss yet, so no revenge trading
I've been experimenting with it on sim. Psychologically yes it feels better when you can wittle a loss down by maneuvering around it like this, as opposed to taking a full stop out and getting emotional on the next trade. But you inevitably take huge losses on runaway moves. I think you need strict limits on lot sizes and a "catastrophic" stop loss placed far away. And you need to have a small ego so that when you're losing counter trend and get that last chance to bail with a medium size loss, you take it without hesitation. The flip side is that there is no practical difference between taking one huge runaway loss and taking a bunch of normal losses in a row trying the same counter trend entry over and over.
I like your confidence, Shawn, but I think that your strategies are too risky. If you're willing to lose 20k on a 50k account, then a losing streak will blow your account in just 3 rounds
sounds to me like you're doing a lot of busy work until you find yourself in a nice 1 direction market. why not just avoid the market when it's moving sideways and trade the trend, once it breaks out of the channel.
This shit isn't complicated. Do this by starting out with a trading plan before you commit to the trade (with a stop loss and targets) and then having your stop triggered. Boom left losing trade
What's this DUMB video title? A losing trade fixes ITSELF with its predefined STOP LOSS! Period. If your trade isn't PLANNED in advance you're feeding the market until you go broke!
It's amazing to see AMC doing well after all the doomsday analyses from naysayers. The stock market is a device for transferring money from the impatient to the patient - warren buffet. It's good to remind people of this right now; you buy on fear and sell on greed or just hold through it all for the long term. It’s easy but lots of people forget.
You should take a proper look into diversification of positions because the market can be incredibly volatile, and on any given day you might get good returns or lose a big chunk of your investment, but if you own shares of funds from different companies, you're spreading the risk out by a lot.
@@danielkey1463 I have been thinking about how to grow my reserve by 100% or more within months. I will be grateful if you can give tips or anything on how to make good market picks and how I can get my portfolio diversified and balanced to meet up my target.
@@mayacho4910 I spend a lot of time with family and less in the market, the best thing that has tripled my net worth trading ETF was my Fiduciary Financial advisor 'MARTHA ALONSO HARA".
@@danielkey1463 that's great. How do I reach her?.
@@mayacho4910 Run a search with her name for her webpage online.
The Andrew Tate of trading has posted a video👑
😄😅😅😅😅
andrew late
@@lunchboxsupreme4758 andrew kate
@@ngonibenjamin5955 Andrew Bape
Andrew Trade
I just started not to long ago. And it’s crazy how almost nobody talks about hedging.. u became one of my favorites. Binge watching your content. Thanks man. Take care bro
Hedging can be messy and you can loose your account when there is a big move in one direction.
This is the most in depth comprehensive video you have made to date, I have been scavenging all your content I could find, and this video takes the cake, thank you for releasing what you have learnt and developed to the people, we are you forever grateful.
I once got myself into an endless web of hedges. Ended up closing all positions just to get some peace of mind.
Currently in one right now
That's why i stopped doing that shit.
The mental energy required to keep up which trade is which is too damn high.
Almost always ended up choosing liquidation over micromanaging the hedge to get out safely, just to get some peace and mind.
Proper technical analysis and choosing a direction is key.
Accept the small losses, or else you'll lose everything.
Yeah, he's way too deep in hedges here in this video. Accept the loss and open a new position when you see an entry. Plain and simple. For someone who harps on simplicity, this gets needlessly complicated.
@@joshuatoms7664 what's weird is he keeps saying he has no rules... but he has a shit ton of them... he just never systematized it.
That way of thinking... it's years and years of looking at charts and deep knowledge of the market. Practice is key, thanks for the insight Nick.
PLEASE ADVISE .
I was told to spread my savings across different things like stocks and bonds to protect and support my retirement.with everything being shaky,I'm considering going into Trade.?
I HAVE INCURRED SO MUCH LOSS TO TRADE ON MY OWN,I TRADE WELL ON DEMO BUT I THINK THE REAL TRADE IS MANIPULATED.
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.
The wisest thought that is in everyone's minds today is to invest in different income flows that do not depend on the government, especially with the current economic crisis around the world. This is still a good time to invest in gold, silver and digital currencies (BTC, ETH. stock,silver and gold)
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 gotta say you are the only trader who makes so much sense and keeps it simple so beginner traders can get a grip on the market well done sir
THIS! Is the definition of thinking outside the box! 🔥🔥
This is Gem guys...watch it over and over.. Great content bro.
I'm just beginning my education in forex trading. I understand I have quite a ways to go before I'm ready to live trade (6mo to a year) but I am absolutely blown away by how well I understand not just your basic, simple strategy but the management techniques you're using and the particular contexts in which you would use them in. I've subscribed and I'm going to use everything I can learn from you as my fundamental foundation to work forward from. Once I'm further along in my knowledge I will be subscribing to one of your services. Thank you.
nice. babypips.com can help you with the basics for free
@@NickShawnFX thanks for sharing this website it’s fantastic! Totally a tool I didn’t know I needed so badly to aid my overall positions!
Your channel is literally the best thing I’ve discovered.. I’ve binged all your content for the last two weeks and you’re amazing with your expertise and just your all round persona. Can’t thank you enough for sharing your info and time with us. When I am in a position to do so I will all join Mission Fx
What everybody forgets when fixing a losing trade is that they spend too much time waiting for it to end for example 1-2 months and they missed planty of good set ups that they could use to come back from the loss but now they missed them because they were full on this one position to “fix” and they couldnt afford opening another position because of the margin call that can come 😅
Exactly.
@@belekas2729 thanks experience teach lessons 🤫
Brilliantly explained! Just this morning I got myself out of a crypto trade which went horribly wrong. Made only a tiny loss using these techniques. Although I've always traded instinctively with a similar style, your videos are giving me more clarity, and can see myself improving significantly. Cheers!!
The best thing about these videos is your calmness. The most important message for beginners is: don't rush. 😊Think about why you go wrong and lose trades, think about what you can do to turn a losing trade into a winning one.
Thanks! now i realized that its not really the wins that makes someone profitable its the way they manage their losses
dear Nick Shawn, tax for your helpful information. Which broker are you trading with ?
this is your best video, explains the methodology and your way of thinking on hedging and scaling very clearly. love it, thank you 🙏
You're amazing buddy!.no vlogger teaches like this one
I came here to learn how to trade after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k. Somehow this video has helped shed light on some things, but I'm confused about the current market volatility, I'm a newbie and I'm open to ideas.
Is this Merrill Lynch ?
Finally some really, really good content not filled with sugarcoated shit!
Good stuff. I've been trading for almost 2 years now, and yes, there are some simple pairs that do not necessarily require hedging (e.g. USDCHF) but then there are the ones with the big moves that I think hedging is necessary for profitable trading (e.g. EURUSD and GBPUSD). Thanks for validating my views. Your teachings are gold.
Great professional channel. I subscribed. Keep up the good work.
Simply Amazing... What an outlook... Thank you for this content Nick, i imagine this would even be VIP content... I am so grateful bro!
Nick is the best trader without a specific strat, I learned so much from your vids man, you are a legendd
interesting. Some would say scaling on a loss or "fixing" a losing trade is just you not accepting that trade as a "loss".
I was able to save a lot of money in 3 years. I landed a 3 year consulting gig paying over $100K a year. I reside in the mid-west where there is a lower cost of living. I lived with my Mother ( I paid her rent). During this time I also paid off my $15K student loans and $18K Jeep. Now I have zero debt, still making over $100K and able to focus on building wealth via investments, etc
Most profit comes from capital gains from owning a business. It's good to have a multiple streams of income (investments)
What really guarantees financial security is having multiple streams of making passive income
My wife and I are retiring this year with over $6,000,000 in tax deferred investments. up until 3 years ago we were 100% in the S&P. During bear markets we had a perfect plan. We got an investment manager in our corner and didn’t look at our portfolio for nearly a year. Just kept buying at low prices.
My strategies for an Early Retirement 1. Replace active income with passive income
sources (stocks/crypto) (Real Estate Rentals For Cash Flow) 2. Reduce personal operating cost
(Housing costs are typically the largest) 3. Automate income streams (Property
management, online businesses) 4. Leave the 9 to 5 =) (Success)
Forex/stock is the best investment anyone could get into. As it could make you rich in a blink of an eye.
??really I've always wanted to invest in stocks but was always discouraged. I wanna start now
Been looking at trading tutorials for a few weeks on UA-cam. Got maybe 20+ videos liked to come back and check for reference, then stumbled across this tutorial. Deleted all the previous liked videos and kept one, this one! Only question is what is hedging? Thanks for the no bs no nonsense approach you have👍🏼
watch my video "hedging criticisms debunked" i cover it all in detail. and glad the channel helps, man
This is me. I do exactly the same but to add you need a 1.500 account and a decent margin to draw on. I've blown so many accounts trying to trade this way with a 1.3 GB broker. I'm now at a position of being able to acknowledge patterns and yet I don't seem to get the breaks. I've almost given up so many times but I feel like I'm days or weeks away from turning it around and don't want to waste all this knowledge I've gained. 🙈
I have similar issues in past, and I go down to 1:100 leverage now.. and all go smoother for me now
@@reverietrades That was exactly my point. I used to watch my profit column going up and up but with no regard for the equity or margin. I have now learned the profit column doesn't belong to me until my trades are out. That's the part I get trouble with. I end up hedging 3 or 4 times on the same trade and then get stuck. Either the market stops moving quickly enough or my patience caves in. Nick's video showed me to wait and make the hedge MEANINFUL!! I'm going to try that this week. At least I'm breaking even at the moment.
@Lotus Red my account balance is very low, £300.. that's the exact reason I need 1.500 to be able to hedge ithout blowing my margin.
@@reverietrades hello if you dont mind me asking? how much is the lot size you are using in 100$ acc. and what leverage? TIA
i can't bilive u didnt win the oscar for that nick
Nice stuff bro. Food fo tought. ty 4 vid
This is great. But what about first in, first out, and how do you place multiple sells and buys?
Hi. I'm following your trading style about few weeks now and I found it very interesting. I'm wondering in witch timeframe you trade? as most of your video are based in a daily chart. Thank you
Great video! What platform your using for trading?
Nicely done!!!
Thank you Nick🙏
Thank you for this video , I was doing the same mistake again and again. Thank you.
Great content! Well done smart guy.
Can i ask you how you handle with upcoming news events? Are you trading them or just avoiding.
Nice Video!! Thanks. Im gonna bk test with option stocks. It looks that It can help with the bad habit of letting losing positions run and moving stops.
Insane. I think I will stick to my footprint charts and volume profiles.
Tq very much for sharing this invaluable trading approaches.
Trading is 90% patience and 10% preparation.
you are so awsome nick i've tried this strategy and its working need a lot of capital thou to hold drawdowns
Kindly share more videos about hedging and to recover trade loss
How can I apply this concepts for a prop firm challenge account?
nice quality as usual by Nick
Basically, said that you have a statistical edge in the market by using support/resistance, all you do is by hedging is playing the game until statistics turn in your favor again. But if you know you have a statistical edge anyways, there is no need to do so. Take the loss and focus and your system...
Good stuff Nick
All your videos are on forex, is there a reason why you dont do stock videos? good content!
So you trade on 1minute when you’re in a trade?
Question for Nick: I see you have 15-sec chart tab. In what conditions you are using that... you can create a video about that small detail too :-))
What broker do you use me lady?? Exuse me Irish accent, is it an off shore broker or in the US of A..?
Fabulous fix Nick
Excellent upload learned alot from the video thank you
Before knowing Nick I had my ups but mostly downs for years… results after my first year following his tips and changing a bit my mindset? +290% (micro account) this year with a mini account +18.2% (transitioning to swing trading) so not much action but with just 20 minutes a day I’m done 😅 I tried hedhing but my mind still insists in adding so every once in a while i take a hit to the jaw. If I change that my account can skyrocket (even more 🤯)
Stocks do not just go up ambiguously, forex this strategy seems to actually be the best strat ive seen out there. Hedging and rolling, this the only fx strategy that makes any sense to me. The market always has some small wick into stoploss. 1 to 1 makes a ton of sense and ride trades when time is correct. There must be some correlation for volume though. There must. To add to trades to take or not or ride or stop out.
why do you use those arrows instead of tradingview's paper trading simulator to present trade entries?
Have you ever used the old strategy of doubling up and reversing? Say you are long and wrong 1 lot, 4pts or what ever down, then close out the long, go short 2 lots? In some cases can save your ass, but if the market is whipsawing, it will eat you up.
Nice information Sir
This method is cool.. but it really needs alot of practice. Not suitable for beginners who cant read charts well
That's not quite true. I understand what you mean. You can always decline not to take the trade, so it becomes 100/3 instead 50/50. :)
Many times I have blindly added to losers hoping it will reverse soon, only to have it be a record day where the Dow plummets 900 points. Adding bigger and bigger as it drops!!
Live Hedging in the Backtester would be good!
What is a "PIP"? I keep hearing my man say "pips" this and "pips" that. Could someone please clarify? Deeply sorry if this is a stupid question.
I still don't get why it's better to hedge on and off instead of going out and entering again. Any clue?
Watch the video again , he is not locking in any losses .
@@ilqnd_9356 Thanks. My question is independent on this particular video. Hedging and exiting/entering are equivalent. So why is it hedging more convenient, if it is at all. Is it just a psychological trick to bear a losing trade? I'm just curious, not criticizing anyone.
yeah it makes no sense to do this crap but hey he's getting views and ad revenue thats what its really about@@vitelot
If Howie Mandel & Jeff Goldblum had a stock trading son.
what does it mean hedge when the price go back to where u start the trade?
The entire fixing the trade is pointless. Just take the loss and move on to the next one and trade it normally. Less chances to get confused about all the extra trades just to get out from under and the results are virtually the same.
Thank You.
what brand are your headphones?
you pay for $1000 to join MFX right? for example you're in the market, then hit the hedge position and then come back and you don't know what to do next? are you gonna help us with what to do next to be able to manage that situation?
8:29 how is that a losing trade when you did a call ? it was above, please explain
That is an actionable plan IF: 1- you have a fat account to play with 2- you have some YEARS of experience trading. If you don't comply with both conditions, 99% probability you'll blow up your account.
Genius 🥶🥶
I just tried hedging in my sim account, ended up in multiple position at huge drawdown, I was in a stressed position but somehow prices goes in the right direction and cancelling each other. I have never been so stressed in a sim account😂
Nick, it’s me again. Idc about your trading anymore make a fitness channel 💀
Gainz is wild.
I always feel like your statistical reasoning is incorrect. Baseline should be 25%. You selecting up is 50% and then the question is what the market does. If it goes up then that is .5 *.5 for .25. Comparable with a coinflip before going long.
what if price kept going up since u are on 1 min chart , happened before .
Can I do this on a 15 min chart only? Spammers do not reply
This is gold.
interesting.. Currently swingtrading crypto, and playing first 30 min in the stocks with gappers. Might fk around with this fx thing whenever im bored
Nice 👍
I thought I would try a stop loss using range duplication and was working wonders until this morning . Market opened at 100Mile per hour winds and blew my stops all to F*&^%. NO MORE STOPS FOR ME ( I knew better lol)
drawing backwards means 0 my friend.
interesting video. Some of the information you give is incorrect but with an understanding of risk, you can turn L into W or a much bigger L.
Thanks for the video.
Damn, the chart in the video of US dollar is the same has xau today 14/11/2023
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Mrs Katherine Flores.
I'm surprised you know her. I've been making a lot of profits investing with her for a few months now.
Mrs Flores changed my life because of the high profits I got from investing with her.
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
she often interacts on Telegrams, using the user name
FLORES11 is her user name💯
Very great information.👍 But nick I must confess, you're gaining weight. 😋😊
Hedging must be a psychological thing. How is it different to closing then just getting a winner next time…psychologically you haven’t taken the loss yet, so no revenge trading
I've been experimenting with it on sim. Psychologically yes it feels better when you can wittle a loss down by maneuvering around it like this, as opposed to taking a full stop out and getting emotional on the next trade. But you inevitably take huge losses on runaway moves. I think you need strict limits on lot sizes and a "catastrophic" stop loss placed far away. And you need to have a small ego so that when you're losing counter trend and get that last chance to bail with a medium size loss, you take it without hesitation.
The flip side is that there is no practical difference between taking one huge runaway loss and taking a bunch of normal losses in a row trying the same counter trend entry over and over.
@@timchurch2390 been picking tops and bottoms again 🥸
Psychologically, using the the vid as an example, you also have to withstand trading for 18-hours-a-day focused on the 1-min chart 😀
I will need a Xanax to trade like this
I like your confidence, Shawn, but I think that your strategies are too risky. If you're willing to lose 20k on a 50k account, then a losing streak will blow your account in just 3 rounds
nice
sounds to me like you're doing a lot of busy work until you find yourself in a nice 1 direction market. why not just avoid the market when it's moving sideways and trade the trend, once it breaks out of the channel.
Watch at x1.5 speed
it's only a 50% win rate for the monkey if it is a 1:1 RR
so this kind of trading is cancer. 24/24 trading lol you have been trading for like 15 hours.
Minecraft?
This shit isn't complicated. Do this by starting out with a trading plan before you commit to the trade (with a stop loss and targets) and then having your stop triggered. Boom left losing trade
unreal
What's this DUMB video title? A losing trade fixes ITSELF with its predefined STOP LOSS! Period. If your trade isn't PLANNED in advance you're feeding the market until you go broke!