if you use "rules" in your trading, watch this
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- Опубліковано 28 вер 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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Y'all highlight your favorite timestamp of the video in the comments below. Those of you not in the free Telegram, here's the link: t.me/mfxpublic
Thank you Nick 😊....
From 0:00 - 11:21! 😂
7:05 - In a trading course I’m in, they have e put us into peer collaboration groups, so I’m with 2 other traders….your right, none of us are even close in our approach to taking trades, yet we are all in the same course…..they say the markets are flat, they cannot find trades….I can’t catch all the volatility out there there’s so much, just look at gold last week, and that also correlated to the AUD pairs, it was open slather! We have numbers we need to hit, I had mine in the first 2 trading days of the month….im trying to show them what I see, but like you said, we all see the charts differently! 👍
MR NICK, you never stuck to a trading rule long enough to know about high probability, yes with intuition high probability can be achieved but it can also be transformed to a rule and make things simpler not complicated
Yes you are right but you can create a rule out of intuition
at this point i watch loads of traders videos but i only watch them because i love trading. your the only person who i actually listen to for the fact that you have no adverts you dont shill me anything and your advice makes 100 percent sense so its clear to me that you are profitable and dont need youtube ad revenue to make money. cheers for what you do nick.
Thanks for pointing this out. Most people don't recognize that my UA-cam channel is not monetized, nor do I promote any other products/services that are sponsored, and I do not profit from promoting anything 3rd-party. I only make money from trading, and MFX. It's cool to see that there are people who appreciate that I do this, for them.
Excellent video. In fact, as a veteran trader with an average +3%/day, this is EXACTLY how I finally figured out how to keep profits consistent. And yes, it is exactly like he says: My strategy today is nothing like any of the stuff any of the hundreds of trading gurus ever told me. Possibly the most sober, most honest video I have EVER seen in my close to 10 years trading.
An average of +3%/day 😅 you should become a comedian
@@all6senses I can prove it actually.... But I know how you feel. I was a loser just like you for many years before I became consistent. Good luck buddy.💪🏻
@@RykerFreegeldyou're a clown if you did 3% on average you'd have more than $12M starting with 10k in a year 😂😂😂
@@gappuma7883 Yeah, you just keep clicking and watching UA-cam videos buddy, seems to be working for you. I'll take the 3%. Thanks for chipping in though. 👍🏻
I was looking at my phone, and i hear him ask me,"Ryan why does this not look good?" I was like oh shit lol
5:56 😂😂😂😂 my favorite part, always. And yes I agree with you. Everything we know about trading is subjective. Thank you Nick
This bald guy on UA-cam keeps yelling at me, like wtf.
But this video is spot on with everything he’s saying, we all see the same chart, but will always interpret it differently. Love this guy.
We do not have to agree on everything. Nick is a great trader. He does not need rules. There are other great traders that do. If you trade better with rules - use rules, if you are better without, do not.
The point hes trying to make is that, rules or not, results are the same regardless what you do.
@helicrashter For me, there are some rules that are essential, like not going all in or having a stop.
It's better to filter all your instruments to find most probable setups using rules
@@helicrashterpretty sure that's an inaccurate assessment, as if it was true then everyone would be successful, or not.
Thank you, Nick! I've already watched this videos 4 times for the last 2 days. Because this is the core of trading: find what works for you and try to find it in practice. Because, trading on history (left side of chart) is bs. Your brain subconsciously know where the price and then you try to find the logic why it happend. But then you go trading live...and what works on history, sucks in real trading. So, yes: Experiment - Observe - Optimise.
Nick, just when I thought you are not going to do your mini rant about liquidity gap....value gap...price action...you did it. Thanks for always add that to your videos because its actually the truth. This video, like a few others of yours, will be saved and downloaded.
The first video anyone who wants to approach trading should watch!
Trading rules = risk management, essential.
You've helped me a lot. Since listening to you, I'm starting to actually learn and feel comfortable on the charts. Just buying or selling and managing risk.
10:59 This part gave me clarity that I'm on a unique path and it relates because I'm in the process of creating my own personal trading system which is nothing that I've seen so far on the internet.👍🏽
Thank you Nick. I have been trying to wrap my head around all the Utube Stock Chart Astrology. But I found my following my gut feel without regard to rules patterns and levels I do really well. AND I track my trades. Lots of little trades. Best advice I have ever heard. Thank you!!!
Fav moment Timestamp 06:11, I am gonna steal that line.
If thats the pinnacle of automated trading systems that you have seen, you haven't seen much. But I see what you are saying and where you are coming from. I do agree that the advice in your video will help a lot of people. Your videos are always fun to watch, keep it up.
Truth, Always... Tupac of traders. The BEST!!!!!!!!!!!!!!!!!!!
Wow!!
The darts analogy really got me! Makes an awful lotta sense😮
Every single tehnical strategy works if you know how to manage risk. Just test different systems like SLs, hedging, dollar price average or grid trading and find what works for you. I find Nick's way of thinking very interesting and unique, which makes him an outstanding trader. Im glad that I found him and I hope he won't stop doing vids about his thoughts anytime soon
Comepletely objective strategies do not work,. FACT
i'm only here for the Wagyu
bro 😆
TOTALLY AGREE WITH YOU BROTHER
It's Intuition...it's perception ...it's execution! Period! The traders with an upper hand are those with developed intuition.
I am not to your level yet rules wise. I used indicators heavily early on and I still use an occasional indicator when I am not sure about entering a trade, but I can absolutely say that the longer I've traded profitably, the less and less I have needed rigid rules to trade by, though I have yet to make much more than supplemental income from trading. I think, in my case at least, the indicators worked for me because they were just visually expressing what my brain was already seeing in the straight price action itself. The more I used them(goes to your point about experience), the more this became apparent and I began to trust myself to react to price changes profitably without them. I view them as training wheels. Still not sure how much they helped at the beginning, but they did help, and they were where I started, I agree with you that they are more psychological crutch than anything else, and crutches, while useful when you need them, are not intended to be used forever.
Oh, yes, later edit here, forgot to mention that while my rules are no longer as rigid as they once were, I am aware that less rigid rules are still rules, just more like guidelines now, but they are still there, and seem to work for me so far.
Love it. I have some very BASIC rules but have always been more intuitive about it --- because have to look at special situations, fundamentals and broader market all together. And even then there are no easy rules.
I kind of agree with you. Lately I'm finding my own way of trading. I trade mostly with looking at the candlesticks and higher time frames (and then trade on the 1min). Candlesticks are very underrated when it comes to trading. The pullback in prices and just analysing them just really woke me up. My trading strategy, style and how I see the market has changed quite a bit. I can see more in depth, trying to understand it more. Market patterns can drive a person crazy, it can be a pain constantly looking for them! 😂
But you got some rules too Nick. You always do sell/buy whenever price hits zones. And you do 1/1 RR. These are your (very simple) rules
Very Truthfull facts, had to learn it myself after a year of trading
Thanks for your clear words. As a beginner it's faszinating to see, how the market stops or reverses or retraces at lines I draw. But they didn't make me execute the trade, because I thought I needed to wait for the next rule to apply etc. Before watching your video I was ready to sacrifice the fibonacci tool, now I got the confirmation...
i am completely agree with him !! i use completely systemic aproch adge with rules its proof of concept so i stick with it but the rules need to sound realstic !!
Thank you Nick 😊
Great video. This has changed my understanding of trading 100%. Thank you!
I have been trading for 10 years like a sucker until I came to a realization of the things you're talking about.
Killer beard
Your simple strategy is the only one that keeps me consistently in the green, much love
yeah, you're 100% right, very cool beard.
I've been watching him for a while but fails to learn anything.
Can you simplify his trading strategy in 4 steps?
1.
2.
3.
4.
What would they be?
Thanks
@@raphaeldeguzman7417 I've seen him use different strategies. It seems at the core of it, the primary strategy he teaches is to buy at support and sell at resistance using a 1:1 risk/reward ratio. Doing just that will make a trader better than 90% of traders.
So, I would say that's two steps, where to enter, where to exit.
Are you just starting out and looking for firm clear rules to follow? May I recommend "Dennis Gartman’s 22 Rules of Trading", a free PDF you can find by googling it. I'm not saying that Nick Shawn would agree with those rules, but I'm pretty sure he'd agree with Rule 22. So while I cannot fully help you with just four simple steps, I sincerely hope that Gartmen's rules break down some mental barriers that might be hindering you.
Oh, you mean rules?😅
@@raphaeldeguzman7417 honestly man just go binge his videos on hedging. That’s what did it for me
He explains it better than I could for you
Great guy, but trust me, whatever you're doing is still Rule Based. Whether discretionally, support n Res, 1 to 1, breakout n retest, are all rules, and you follow them rules 100% of the time, and its working for you.
The world, even the bible is based on Rules and laws.
Often people state their ''RULES'' as a must , in the end they follow these rules to not blow their account AKA = RISK MANAGEMENT is key !!!!!!!!!!!!
Thanks so much for putting this content out!
what can you use if you don't use "rules", cow farts? If the cow farts you buy and if it dumps you dump?
What do you think of ict concepts
Be objective in your own perception. every decision will involved rules, i understood what Nick want to say but i disagree when he say we shouldnt use rules. We should use rules in our subjective way just like he say in throwing dart example. our experiment, observation and optimization will produce set of rules in our subjective way and only our self that can identify it because its subjective.
6:43 He is Talking About Don Vo 😁
Sperimenta, osserva e ottimizza, e poi fallo ancora, ancora e ancora.
Nick, you have a great channel and have been following you for a while now. We know that trading is subjective and that we are hedging on an uncertain outcome b/c we have no idea what price movement is going to look like in the future nor how orders fill from candle to candle. While a trader can choose to have "no rules" and just use your support/resistance based entries, and be "delusionally confident" in their trading, as you have mentioned, I believe that process will lead to many more debits rather than credits. There are other valid rules which could easily help to filter out "bad trades".
I just must to comment this ....MARKET IS NOT RANDOM,,,,,,,there is a rules how AI algo works on all markets,rules are the same.....problem is that that most of people believe in that biggest lie of all times.....People just work work and your eyes WILL SEE how AI algo manipulates in my personal example it takes me more than 13000 hours 18-20h a day, and sky opened for me,all best for Nick...he is unique person in this world of trading and do it on his own way....RESPECT from me.
Market is actually random. If it was not then 90% of traders Would be profitable.
Semen retention plus intermittent fasting plus meditation will sky rocket your intuition, and once you’ve been trading for several years this is your edge .
Trading is an Art form!
If you can explain it, why you took that trade, and it makes perfect sense in the technical sense, then you are 99% probably wrong!
Simple!
( you will need endless hours screen time, looking at price movements in different time frames, so you can develop your "6th" sense, so you can feel the trade)
The sooner you understand that, the sooner you will become profitable!
Peace!
😂😂😂😂 intuition will not make you consistent profitable trader
what about a daily stop, axia futures and trader dante and many other people say once you hit your daily stop, you stop for the day?
Do individuals utilizing order flow/footprint charts, and those who possess the skill to interpret them or using AI aswell, hold an slight advantage over manual traders who rely solely on their superintelligent intuitive instincts? Or is their advantage solely derived from their intuition as well? (I see that manual traders can stay alive, altough there seems to be a law of big numbers/ banks/ weight matters, be massive..
Wonder if this would work with futures trading where the price action moves so fast
why did you delet that interview with richard?! i'd appreciate to see it again man🙃
Please share your opinion on trading randomly with 1:2 rr
You use rules in your trading. Your rule in trading: you buy or sell at important levels.
I love the way you sometimes talk about price being almost a 50/50 of going either direction no matter how advanced your analysis. I think this might be my favorite tip from you. I'm more willing to try out trade ideas now; as long as I think I may have an edge, or at least a 40% chance of a bigger win than what I'm risking.
Idk If I know enough to keep doing well. I use anything that's seemed to help me make predictions in the past. And when I see a place with a tight stop loss, I get in. I try to be in a mood where if I get stopped out, I am willing to stay out, get back in, or.reverse. but only if I think I have an edge, and only if I can do a good stop loss. Otherwise just wait.
I don't have statistics for how often certain signs correlate with certain price predictions. So I'm stuck with intuition for my edges. I backtest, but just bits at a time.
it can be much higher , 70/30 .. using special patterns or and S/R .
Assuming you enter a trade with little lot size with no stoploss or take profit your win rate is 50% but the moment you put a stoploss the win rate drops. If you want to increase your win rate put super wide stoploss and tight take profit.
Lol I guess my name got drawn from the hat this video. I thought I came up with a 100% mechanical set of rules recently, then I realized the only reason it worked is because it's cutting every trade at -1R and giving every trade that gets past 1R the opportunity to run with a trailing stop that gets engaged. It's literally just risk management. Starting to think traders are basically just card counters, except in this casino certain types of gaming the system are allowed, and other types are reserved for congress.
Hahahaha, I try to use a different name every video, to catch a select few people off guard when they randomly hear me aggressively saying their name and hounding them about trading
would you say you are an overtrader ??
no rules equals chaos. there is such a thing as patterns that repeat
You have a good point, but how to keep your mind calm without rules?
By having experience, knowing your levels, seeing stuff happen more times than not, and not risking a ton of money on any given single trade.. Averaging down is fine, into a level that makes sense, but then if you know you could have to do that, then you have to take a small starter so that when you possibly have to add to the position, you're size appropriate at the next adding spot. Theres SOOOOO much that goes into good trading that it's all experience...
I tell people to think of it like they wanted to be a professional call of duty player.. They can spend 5 years reading books about call of duty, they can spend 5 years watching pro's play, and studying their every move... but the moment they start actually playing the game, they will get DESTROYED by people that have far lower iq's than them, but have much more screen time... That is what trading comes down to, SCREEN TIME/SKIN IN THE GAME/EXPERIENCE... Most can not survive this phase of trading long enough to see light at the end.
Failures, failures, failures, failures... You have to make so many mistakes that eventually you start understanding that certain things have to be avoided. I could write a whole book right here about it, but that's just scratching the surface.
realer words of wisdom and truth have never been spoken!!!
Straight 🔥 Speak I like It !!!!👍
Who else watching this can’t wait till Monday to trade 🤣💯💯💪🏽
I have started testing adding to winners sometimes. I think its harder to do than keeping losers small; I think that's more important. But I did it on one of these days bitcoin had a run up, which I was expecting. Made way more this way. I had new stop losses on the adds to the long. What made sense to me. Definitely won't be doing that every trade.
Besides listening to nick, I recommend listening to the best loser wins. Seems to me like a great book to focus not being right, but making money.
Funded trader here: What nick says won't work for 99% of you as you have your own subjective view on this world and probably lack of experience. Stick to the rules.
It's easy to be a funded trader. Honestly, the statistics aren't good, cause people try to get funded when they don't know shit.. but its easy, sorry man 😅
And you can't take subjectivity out of it, only if you believe in Smc, even tough people can't prove it.. but hey, I understand you man 🫡
@@DiogoSilva-up3tb 2% people pass challenges. Even less can maintain it. I’m happy it’s easy for you. Means you did your homework. Trading is easy for Nick aswell yet still at least 95% people watching him fail. Thoughts?
@@DiogoSilva-up3tb 2% pass the challenge, even less can maintain it. Im happy it's easy for you it means you did your homework. It's easy for Nick aswell yet still at least 95% people watching him fail. Thoughts?
There is another trader on here posting his live trades that says exactly the same thing . All trading is discretionary . If there were set rules trading would be automated . I'm probably never going to get that Lambo the fake guru's keep talking about 😎
market is not random, just make little script that generates acctual random chart and compare that to any market, it will be obvious, in real market there are clear trends up and down, so buy the dips in uptrend and short pumps in downtrend, its legit non random edge
I don't disagree with Nick!
I just love buying dips between the 20 and 50 SMAs,
with a Stochastic12/1 under 50, in an uptrend.
I don't know what markets you are checking, but the real markets look pretty random to me.
I have generated countless random line and candlestick charts in Excel over the past couple months, and I can tell you that I don't see a difference at all.
make the script, you'll find it's random bro
😂😂😂😂 he is probably an amateur trader. Thinking market is not random. I bet he thinks he is smarter than everyone else. Soon enough will learn the real truth
@@paulnyagini
I suppose the long-term trend of the stock market doesn't have an upward bias,
or that some stocks don't go up for fundamental reasons???
Or Oil doesn't move on fundamentals?
Talk to Warren Buffet.
It doesn't matter anyway.
You have to have strict risk control!
I have Iron Discipline when it comes to trading,
because I only risk 1% of my account on every trade,
and have all trading $$$ separated from all other monies.
Yep take the tunnel vision goggles off and embrace the unorthodox !
😂 here’s another guru’s that shows his porsche an teslas, to make you believe he’s profitable trading 😂. He’s profitable charging people monthly to loose their money. Period
Every trade he takes is posted live in Telegram. Why you so angry brobeans?
Oh atleast I have bearded
His information is factually incorrect my buddy was at prop firm they use rules to get in and out of the market haha trading is not 50 50
I am not profitable yet overall (since day 1)... but I can honestly say I have learned that strategies and rules are just a way of giving people confidence to take a trade.... but the reality is that nothing will ever be right all the time and it is in fact completely random... risk management, controlling emotions, and intuition is the only thing that really matters! The fact is every strategy works and doesnt work, just find what gives you confidence to take a trade. Literally can be ANYTHING, you'll find out that no matter what you'll be able to find a way to go long or to go short on every single trade if you hard enough! 😂
Not random. There is no random. I can look at every trade which resulted in a loss and analyze what happened to cause the loss. And I understand what happened. I made an error but not one which would affect whether or not the odds are in my favor to take the trade i took. Notice i said odds. That means i know there is an acceptable risk. A rule set works on average. My rules will make $ roughly this much out of a 100. I know i will get a certain # wrong. And thus i have a stop loss set at an amount i am willing to lose.
Interestingly enough my rule set is designed so that a loss is actually an opportunity for a larger profit on the same rule set. Thus losing only translates to bigger wins later. So... i never really mind losing.
@MPlain @MPlain I agree that short term you can use moving averages and a slew of indicators to get very accurate "read" on the market.... the longer term the trade is the more the randomness is amplified.. it is random due to circumstances in the world it doesnt have a set of rules or a set in stone path or a schedule ... for scalping yes I can say that my MA strategy can provide great results!!! It is in fact random.... when enough people are buying/selling off of strategies/indicators that follow the same general end goal (will blow your mind how many all result in same exact predicted outcome thats why they are fairly accurate short term) then it will more than likey follow suit and end up close to that target ... idc what you use it can end up winning in the end, eventually it has a high probability of being profitable in the end assuming you have no time constraint. What will Coinbase exact price be 86 days from now at 1:30pm mountain time?.. if it is not random then should be able to tell me the price and there should be people who are 100% accurate right???? The market IS random far to many things can effect it to not be.... every aspect of the world has a level of randomness, including the market. There would be no need for a strategy if it was not random, it would just be known with 100% certainty for the future...
@MPlain I can also look back at every trade and find a way to tell myself why I lost .... (I picked the wrong direction for the time I allowed the trade to play out.... lmfao) Every single situation has a way for it to indicate long or short... indicators may say long on 1m and 15m it should be short.... or you may see a bearish pattern but then also see a bullish candle.... ect ect ect...... when the majority has the same PREDICION its tends to end up AROUND that goal...
I jumped before I even got the notification
Every video is the same. I've been following you for a year and it's getting a bit boring. The biggest craziness is AUD/CAD... it's so amateurish and doesn't look like you at all. You remind me of Raja Banks, who whenever he gets involved in live trading, he loses and supposedly has millions. It's time to make a video of how you spend your weekend spending just a little more profit than loss.
🙂
favorite timestamp 1.21 gigawatts
Two words, Paper Trade.
Trading = poker game ???
Yes
Basically experience is what will make you become consistently profitable
Not really. It might. But it depends on were your effort . Many you focus on useless info
Please tell me what platform and broker you use if you pay ANY attention to comments because I’ve asked this before..😂
If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you...prevent inflation
People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Having an investment advisor is the best way to go about the stock market right now. I was going solo, but it wasn't working. I've been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
This video came at the right time. Completely agree
"Insanity is doing the same thing over and over again and expecting different results"
-- Albert Einstein
He doesn’t even know, has no idea, how to make market structure be objective. He admits, himself, that he’s not the sharpest tool in the shed. Has said so many times. Well, he’s right.
thank you bearded eggman
Naaah I prefer a rulesbased system. My rules are: 1 experiment, 2 observe, 3 optimize - iterate.
There must be some sort of rules, in 7.40 you are basically talking about rules( how you throw the dart is a rule how far and hard tou throw it is a rule)🤔 the way he says it make it look like they just buy and sell randomly
This is why the majority of traders loose money, because they do all the same thing and the market expect them to do that e do the opposite.
So correct. I'm trading 4 years, and just starting to get the intuitive magic. The rules I didn't follow are managing risk, so I am in a BIG hole. The ideas I use now are simple, yet nuanced, and I have been telling people that anyone CAN trade profitably if they are willing to put in the time to find their own method. I was thinking how can I show someone what I do. I can't. There are so many ideas, patterns, concepts, feelings going on like organized chaos when I'm trying to trade. My downfall is still risk management. I was on a 14 day green streak until I had a meltdown today for an unnecessary big loss... dumb!
Thank you, I will try that!
Thank you so much, for keepin it real. I really wish i could join you mfx , just for hanging out.. But cant afford at the moment so that gotta wait... Love you bro you are awesome
Spot on as always. Thank you.
Awesome Nick !!!!
Another great video !!!
Facts
The stat about the whole number strategy is absolutely incredible.
That stat alone should remind all of us that if we have a general framework that we know is working or has worked in the past, then it will have plateau periods. It may come back to life but if you can get through the break even periods then there’s a chance it will.
Rules suck. Just shave your head and eat wagyu beef candle sticks all day.
I luv wagyu beef strategy😂
I will never ever use this strategy cos I’m vegan.
if you are a 7 figure funded trader using what you are saying then i believe you if not........😅...
All I can say is yes. Experience taught me this. Even if you do have "rules" which is nothing wrong with that it still goes back to the point that it is a subjective lens you are looking through, not to mean you cant profit but by all technicalities you are literally limiting yourself by voluntarily choosing to see through a certain scope, with one answer arises more questions. So for all that are still confused, Nick is basically presenting the idea of taking a step back and observing from a non biased view essentially. The laws of nature and common sense once figuring this out would suggest, is that a non cherry picked view is best suited for something so subjective yet objective. Im saying all this because this is genuinely how I have become more consistently profitable(thanks to nick, a few others and few yrs of experience) and this is a big realization. It isn't something we share in common, its the same philosophy that hedge fund CEOs and managers have, their lingo is just fancy. Im also clearly not a bot incase anyone was wondering, I comment on these videos once in a blue moon 💪🏽 thanks for the videos though always insightful🙏🏽
Retired financial advisor here. I've seen many of these "trading guru" videos, and most of them say "I'll be wrong 75% of the time and still make money, because I let my winners ride". Well, letting your winners ride is great, but what does it say about your stock picking "system" that you're wrong 75% of the time? Nick's approach is certainly valid, and it's clear he's speaking from experience. Interesting stuff. Subscribed.
i bet this guy have a deep knowledge from long hard experience. he means that do not restraint your self with the rules that you already applied. be open to other strategies. do not fear keep pushing your self to the edge with demo account till it blows out. once you've gained enough mistakes to learn from then you can trade without relying to any rules. but for beginners, don't jump straight without any rules. basic fundamentals are extremely important.
truth
my first year was straight out of a horror movie.
I have rules because they work for me. They are based on proven successes and failures. mostly failures. learning by losing.
I did this for this reason here and i lost. Note to self. Do not do that.
I did this and for this reason here and i won. Note to self. Do that again and again and get a feel for how often it is right.
are your rules teachable to somebody? If they are, then why not sell them in a course and make a bunch of money? I'm guessing they're rules that work for you. I think this is kind of what Nick is saying. Don't follow someone else's rules is the message I'm getting. I have rules, but I can't really teach them bc my rules work for my intuition, my instincts, and some of the rules, well I can't entirely explain bc they become intuition at some point.
When I trade, I picture a guy trying to make money moving the stock up and down. I do not rationalize fundamentls into why a stock moves. My goal is to understand this man and observe what he does and why he does it
Please correct the gain on your microphone. It is distorting and sounds bad. Thnx man.
Intuition, anticipation, imagination this will best a processor . I believe you have a point.
Probably my favourite vid you've put out. Amazing work my g.