Yo bro 😂😂😂 I 100% agree with you but I’m hard headed so quitting ain’t an option. The only other option is tweak anything im doing wrong, risk appropriately and just stay patience. Willing to do all it takes. Been fives years and I see the light.
I agree on being stable, disciplined, persistent, constant learning, patient, committed, good financial state, etc. Those are very important things. I'm more than serious.
I’m serious, been trading for about 4 years now. Finally started taking it way more serious the beginning of this year, and up til now, I’ve made so much progress it’s crazy. I just think about the next few years. The path ain’t easy, im currently on a 4 trade losing streak rn. But that’s When risk management really shines. Im sticking to the trading plan.
I'm serious! I watched through to the end and I'm guilty of many of the things you've listed. Right now my biggest enemy is wanting to rush things. What's interesting is that many years ago I tried trading and lost money. However… I actually took a very long break until recently. While I'm still struggling I actually found that break helped me a lot. It helped me to focus but also I think I needed that maturity to progress to the next step. Right now while I'm not consistently profitable I do feel like I've progressed to the point where I'm more breakeven to profitable which for me is a huge step forward.
@@flori9966 Nick is right. Sometimes it's just not the right time for you to trade. What I found when I was younger was that I was caught up in the hype but also I was very impatient. When you're younger you tend to want things to happen instantly - this is why that break that I took was one of the best things I think that happened to me. I see it as a blessing in disguise. There were a few things I noticed after I came back. I was a lot calmer in my trading, I didn't rush into trades but I also understand the markets a lot better now (compared to before). While I don't trade the same way as Nick, I do find his channel very helpful when it comes to understanding the fundamentals. Eventually I want to trade other markets and it's important to understand fundamentals as they're all interconnected in some way. Actually I wonder if maybe that's a good video idea… although I know it's more complicated but I wonder if there was a video like… if the market crashes, how does that affect other markets? For example Gold and Silver may go up because they are a safe haven, yen cross-pairs may drop because of the carry trade, maybe what ETFs etc to watch. Not sure if it's possible to do a simplified video like this because usually there's so many factors involved.
I personally agree with these points, but I have to say I’ve faced many of these issues and my love of trading and perseverance has helped me overcome these issues themselves.
I’m serious! I’ve come a long way in terms of discipline. I’m consistent even on the weekends, with no FOMO, etc. I’m still working hard on it, and I’m proud to say that you’re playing a part in it. The Edgefinder really helps me, as I’m not great at organizing my work and data. Looking forward to your next video! Thanks, Nick.
I'm serious about this! Would say 2 was the most difficult subject I struggled on due to my debt situation; however, slowly but surely I'm coming out of debt with the payouts I'm making!
2 is where I am at, and i think most people getting into trader is there. and thats why 5 is needed first. what ive learnt when i have a winning trade, is to get your mind out of a scarcity mindset. Learn to reframe how you see yourself, your response to the market when its in and against your favor. Observe how quickly and gracefully you can accept losses and move one, and relieve yourself of errors and failing to ultimately provide for your family. This is the bedrock of emotional and psychological mastery that drives the right , in-the-moment choices when you hit, buy or sell. Know thyself.
“I m serious af baby” i lost all this time and lots of months of ward work invested blindly in it and lost, and i need to make them back slowly and steady 🦍🚀
I am serious. I have been struggling with being discipline, my strategy and ability to read price action, I just fail to stick to my rules. Hard game to play but I’m here for the long run
Tori places about a dozen trades a year and only executes the order when her setup ticks all the prerequisites. She increases her position size based on how much she can risk. 40k was her largest trade to date and she has about 1-2 of them per year. Patience is what keeps her profitable.
if you saw any video not just tori anyone selling course its BS they make money from selling courses not trading dont trust them trading is all about risk to reward any professional traders make around 4-5% monthly which is consistent by end of the year
I dont understand point 3. 2.5% per month🤦♀️. Nick,you mean making $250 from 2.5% of 10000k account.may some1 explain before i start believing one comment i saw in one of Nick's videos.
Funny, you made this video a couple days after I quit trading 😅 For me, I never wanted to get rich quick. I just wanted something that works over time (And I knew 2% was a great monthly return), but I realised that the forex market is completely random. For me, the strategy/edge was the biggest problem in the first place.
I am a regular on your channel Nick.I am soooo serious with trading.I am from South Africa and we are very resilient people. I started practising with a R100 Rand account and have grown it to R1100 after failing so many times, blowing up the account on a 0.01 size .The goal was not to make money but to master my edge and skills on the charts.I have blown so much money before but now I am at a point where I feel more confident on the charts.I am now at a point of being scared to increase position size to start making money , advice please sir.I wish to meet you one day as you have helped me so much technically and fundamentally.Thank You.
I AM SERIOUS ABOUT THIS STUFF its apart of my plan and stopping ain't an option for me I thank you for pointing out 1 and 2 but I must keep going and I plan to do trading along side trading
Trading is quite easy if you discover a secret or a edge of the trading world. Think out of the box Is my advice. Testing my strategy for almost 4 months now, gains are 5 a 8% a month, very low risk (i think) and no losing trade in 4 months, with some trades open still that will triple the account. Think different on order and risk management and take profit. Then trading can be relax and without worry. 5 months ago i never thought this was possible but first i want to test it for a year for a final conclusion.
Great analysis, thank you! A bit off-topic, but I wanted to ask: I have a SafePal wallet with USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). Could you explain how to move them to Binance?
Great video, Nick. In regards to 2-3% return being the gold standard, I feel that the prop firm industry has really tainted the general trader’s mindset. They set lofty goals of 15% targets and new and experienced traders alike think this should be the norm of what is achievable in a short time window. Hoping more traders wake up and realize that taking any profit home each month is a huge feat and should be celebrated!
like i've been through this journey for like...5 almost 6 years and there have been wins and more losses but its the losses that i learn from to prevent those mistakes more but i really love the part of studying the markets and really waiting for the market to play out getting positions in during a rally or waiting after news and slowly looking for confirmations
I'M SERIOUS This was me, and I crashed and burned. I wish I saw this video when I started learning about trading. I underestimated trading. But the good thing is, I feel excitement when observing and learning how candles flow.
I'm serious about this Nick. All of these things are 100% needed to trade profitable. While it's hard doing it with 2 jobs, I'm committed to making trading work for me!
Hi @tradernick i am trading from 3 years ... But from last year i finally maintain no loss no profit account. But few days back i lost a good amount because i didn't follow my routine and risked more amount instead of 2% . So, should i quit or work to make me better?
trading in two years and just have been losing. Mentally is very difficult. Technicall analysis has become good but I do the same mistake over and over again. Lost 12000 dollar in two years now. I don’t feel like I have what it requires mentally.
Hey Nick, Greetings from Singapore! you may or may not read this but i want to ask in terms because we’re from 1st world country and money is precious indeed. I am a swing trader and i definitely agree 2-3% is attainable as well as very realistic indeed but what are your thoughts on Scalpers? do you think they should aim for 2-3% as well? because clearly they have way more opportunities in the market than us swing traders but we have quality trades over quantity. What are your thoughts on Scalpers or intraday and how much should they be making in terms of percentage?
hey nick can you please make a video explaining edgefinder i bought it and it keeps changes the bias at a rapid pace !!! i hope you consider my request
I am super saiyan serious. Been at this for 3 years mostly demo Trading failed, my first prop firm account holding on to my next. If I could hold on to this prop firm account for at least a month, I would call it a win.
i'm at 3 , i know the direction of the market because i'm fundamental trader but i have proplems with timing and execute and exit positions because it is going for days to weeks that why i'm confused and try to learn everyday
I like nick, always tells the truth but also always forgets that not everyone is the same... though this video is overall pessimistic, some of us trade small... very small but we make enough money from the market. one day I will scale up but for now I don't go over 1000 dollars and I consistently breakeven or profit, never trade when under financial pressure
2-3% a month *on average* ain't bad. I'm not going to make a monthly quota at all, but I will try to average higher monthly earnings. After becoming profitable for the first time last week (I'm a little over 3 months in) my monthly average is (currently) about 1%
I just think the 2-3% a month gains is a decent swing trader metric, but if you’re a day trader and can get a decent consistent win rate then 2-3% is nothing
Long-term investment in stock's, shares, and commodities is not going to earn you a quick buck, but it is much safer. Never bet more than you can afford to lose.
Nick I'm the economist,,, it's true lot of people including you they must quit,,coz trading is not fantasy job,,but real work,,,u need 9 years of experience with blowing real account
instead of doing this type of vid, make one on the appropriate regulated/unregulated brokers to trade on/trust. Brokers are barely talked about in this niche, and I mean Indeph.
With Demo i can do all and profit but with real account i can't so what i did was to start with Cent account. All that you listed is happening to me but patients and perseverance; i will over myself.
All this is saying that 50% win rate is not consistently achievable and maybe that’s true but if it’s not true then making big gains is very doable it’s just math
If you’re serious and determined, here are some regulated brokers I recommend researching (by country): a1trading.com/brokers
@@TraderNick yes ive already switched to one of the brokers you advertised. #Vantage
I'm Serious - I'll come back to this comment couple years from now!
See you then!
It will be the most hard path in your life. But if you survive, congrats
He will definitely survive and I'll also make to witness it with him 🎉
Yo bro 😂😂😂 I 100% agree with you but I’m hard headed so quitting ain’t an option. The only other option is tweak anything im doing wrong, risk appropriately and just stay patience. Willing to do all it takes. Been fives years and I see the light.
I agree on being stable, disciplined, persistent, constant learning, patient, committed, good financial state, etc. Those are very important things. I'm more than serious.
I’m serious, been trading for about 4 years now. Finally started taking it way more serious the beginning of this year, and up til now, I’ve made so much progress it’s crazy. I just think about the next few years. The path ain’t easy, im currently on a 4 trade losing streak rn. But that’s When risk management really shines. Im sticking to the trading plan.
Update: today broke the losing streak, won today :)
YOU KNOW NICK...YOU ARE VERY DIFFERENT FROM OTHER UA-camR..ALWAYS SPEAKING THE TRUTH..LOVE YOU NICK
I'm serious! I watched through to the end and I'm guilty of many of the things you've listed. Right now my biggest enemy is wanting to rush things. What's interesting is that many years ago I tried trading and lost money. However… I actually took a very long break until recently. While I'm still struggling I actually found that break helped me a lot. It helped me to focus but also I think I needed that maturity to progress to the next step. Right now while I'm not consistently profitable I do feel like I've progressed to the point where I'm more breakeven to profitable which for me is a huge step forward.
Same thing to me also bro, kinda breakeven and a lot changed in just 1-2 years so i guess i should keep going
@@flori9966 Nick is right. Sometimes it's just not the right time for you to trade. What I found when I was younger was that I was caught up in the hype but also I was very impatient. When you're younger you tend to want things to happen instantly - this is why that break that I took was one of the best things I think that happened to me. I see it as a blessing in disguise. There were a few things I noticed after I came back. I was a lot calmer in my trading, I didn't rush into trades but I also understand the markets a lot better now (compared to before).
While I don't trade the same way as Nick, I do find his channel very helpful when it comes to understanding the fundamentals. Eventually I want to trade other markets and it's important to understand fundamentals as they're all interconnected in some way. Actually I wonder if maybe that's a good video idea… although I know it's more complicated but I wonder if there was a video like… if the market crashes, how does that affect other markets? For example Gold and Silver may go up because they are a safe haven, yen cross-pairs may drop because of the carry trade, maybe what ETFs etc to watch. Not sure if it's possible to do a simplified video like this because usually there's so many factors involved.
I personally agree with these points, but I have to say I’ve faced many of these issues and my love of trading and perseverance has helped me overcome these issues themselves.
Exactly
I'm serious! Trading is hard but I'm not quitting. I will be better.
I’m serious! I’ve come a long way in terms of discipline. I’m consistent even on the weekends, with no FOMO, etc. I’m still working hard on it, and I’m proud to say that you’re playing a part in it. The Edgefinder really helps me, as I’m not great at organizing my work and data. Looking forward to your next video! Thanks, Nick.
I'm serious about this!
Would say 2 was the most difficult subject I struggled on due to my debt situation; however, slowly but surely I'm coming out of debt with the payouts I'm making!
2 is where I am at, and i think most people getting into trader is there. and thats why 5 is needed first. what ive learnt when i have a winning trade, is to get your mind out of a scarcity mindset. Learn to reframe how you see yourself, your response to the market when its in and against your favor. Observe how quickly and gracefully you can accept losses and move one, and relieve yourself of errors and failing to ultimately provide for your family. This is the bedrock of emotional and psychological mastery that drives the right , in-the-moment choices when you hit, buy or sell. Know thyself.
“I m serious af baby” i lost all this time and lots of months of ward work invested blindly in it and lost, and i need to make them back slowly and steady 🦍🚀
I’m serious. My weekends are spent researching the markets, but I’m a work in progress. There’s things to work on
I am serious. I have been struggling with being discipline, my strategy and ability to read price action, I just fail to stick to my rules. Hard game to play but I’m here for the long run
Facing the same
I'm still serious. after 3 years loosing.... I'm slowly turning the corner to the profit side.
if any of the reasons pointed there is happening to you please don't quit but pause trading until you become free
Tori trades is saying she made 130,000 in 9 trades ? Is her account 3 million dollars then?
Good question
Tori places about a dozen trades a year and only executes the order when her setup ticks all the prerequisites. She increases her position size based on how much she can risk.
40k was her largest trade to date and she has about 1-2 of them per year. Patience is what keeps her profitable.
@@s.k.8263 scalpers can flip accounts from 1k to 10k are they all lying ?
if you saw any video not just tori anyone selling course its BS they make money from selling courses not trading dont trust them trading is all about risk to reward any professional traders make around 4-5% monthly which is consistent by end of the year
Swing trading is easy I win about 80% of my swing trades day trading is where it’s tough to be consistent
I'm serious. Even though I have all the issues you just mentioned. Thank you for telling me what I need to fix
Me going thru breakup n obessive... i started to learn to trade trying to forget him... but m in 2 to 3% profitable
I'm still here. You really speak about what I'm going through right now
I dont understand point 3. 2.5% per month🤦♀️. Nick,you mean making $250 from 2.5% of 10000k account.may some1 explain before i start believing one comment i saw in one of Nick's videos.
Thank you so much for this Nick. Appreciate the honesty.
I'm serious, learning the basic, becoming better and mastering self-psychology would become the background of success here and I'm up for both
I AM SERIOUS, IVE BEEN HERE FOR MONTHS, I WILL LEARN AND PROVAIL WHEN I MASTER DICIPLINE!!!!! Thank you nick and A1!
Funny, you made this video a couple days after I quit trading 😅
For me, I never wanted to get rich quick. I just wanted something that works over time (And I knew 2% was a great monthly return), but I realised that the forex market is completely random. For me, the strategy/edge was the biggest problem in the first place.
First trading Forex was your mistake, futures market is way cleaner. But don't put your own money, trade with a prop firm like TOPSTEP.
I'm serious, Nick. I appreciate your insights and honesty.
I’m serious, thank you for this video. Trading is the hardest thing I have done and it’s no short cuts and no cheats. I will make it.
absolutely right, and he doesn't seem to miss a point here either
I am a regular on your channel Nick.I am soooo serious with trading.I am from South Africa and we are very resilient people. I started practising with a R100 Rand account and have grown it to R1100 after failing so many times, blowing up the account on a 0.01 size .The goal was not to make money but to master my edge and skills on the charts.I have blown so much money before but now I am at a point where I feel more confident on the charts.I am now at a point of being scared to increase position size to start making money , advice please sir.I wish to meet you one day as you have helped me so much technically and fundamentally.Thank You.
Totally agree with your point.
I was on that situation.
😅I did watch to end and yes I have a lot of the impulsive stuff and need have been working on that for my life and not just trading. Thanks Nick
Ive invested Almost 3 years into trading, only some things ive got to address and deal with.
I AM SERIOUS ABOUT THIS STUFF its apart of my plan and stopping ain't an option for me I thank you for pointing out 1 and 2 but I must keep going and I plan to do trading along side trading
Trading is quite easy if you discover a secret or a edge of the trading world. Think out of the box Is my advice. Testing my strategy for almost 4 months now, gains are 5 a 8% a month, very low risk (i think) and no losing trade in 4 months, with some trades open still that will triple the account. Think different on order and risk management and take profit. Then trading can be relax and without worry. 5 months ago i never thought this was possible but first i want to test it for a year for a final conclusion.
Moce video Nick, its the bitter truth 💯
Great analysis, thank you! A bit off-topic, but I wanted to ask: I have a SafePal wallet with USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). Could you explain how to move them to Binance?
I'm serious - only been trading for a month but this stuff hits different. Blew up my account 6 times and still learning
@@decentplayer7825 wow thats a little too much for just a month :))why dont you try to demo first
Great video, Nick. In regards to 2-3% return being the gold standard, I feel that the prop firm industry has really tainted the general trader’s mindset. They set lofty goals of 15% targets and new and experienced traders alike think this should be the norm of what is achievable in a short time window. Hoping more traders wake up and realize that taking any profit home each month is a huge feat and should be celebrated!
like i've been through this journey for like...5 almost 6 years and there have been wins and more losses but its the losses that i learn from to prevent those mistakes more but i really love the part of studying the markets and really waiting for the market to play out getting positions in during a rally or waiting after news and slowly looking for confirmations
I'M SERIOUS
This was me, and I crashed and burned. I wish I saw this video when I started learning about trading. I underestimated trading. But the good thing is, I feel excitement when observing and learning how candles flow.
Quitting is not an option just because u ar not profitable it deosn’t mean everyone is not profitable.
I’ve taken small profits and I’m gradually scaling up slowly but surely
I'm serious about this Nick. All of these things are 100% needed to trade profitable. While it's hard doing it with 2 jobs, I'm committed to making trading work for me!
I'm serious !!! I'm making a spreadsheet all of my trades from the last 2 years. If you haven't done that pls do. It is very eye opening.
Hi @tradernick i am trading from 3 years ... But from last year i finally maintain no loss no profit account. But few days back i lost a good amount because i didn't follow my routine and risked more amount instead of 2% . So, should i quit or work to make me better?
trading in two years and just have been losing. Mentally is very difficult. Technicall analysis has become good but I do the same mistake over and over again. Lost 12000 dollar in two years now. I don’t feel like I have what it requires mentally.
Hey Nick, Greetings from Singapore! you may or may not read this but i want to ask in terms because we’re from 1st world country and money is precious indeed. I am a swing trader and i definitely agree 2-3% is attainable as well as very realistic indeed but what are your thoughts on Scalpers? do you think they should aim for 2-3% as well? because clearly they have way more opportunities in the market than us swing traders but we have quality trades over quantity.
What are your thoughts on Scalpers or intraday and how much should they be making in terms of percentage?
Thank you for making this. Most gurus won’t
Definitely can embrace this and 100% ready
I am serious ..Video to show my friends when they ask about trading..I like the Chanel cause at least you are honest and that's very rear
i'm serious, and each point is very valid and true
you're wright brother. to be honest many of the points you said happened to me
I’m serious, 👌🏼👌🏼. Thanks for the real talk. 😊
I’m serious. hearing this video makes it more certain that trading is for me
hey nick can you please make a video explaining edgefinder i bought it and it keeps changes the bias at a rapid pace !!! i hope you consider my request
I'm ready Nick!
I am super saiyan serious. Been at this for 3 years mostly demo Trading failed, my first prop firm account holding on to my next. If I could hold on to this prop firm account for at least a month, I would call it a win.
you are doing a great work nick.. thank you very much.
i'm at 3 , i know the direction of the market because i'm fundamental trader but i have proplems with timing and execute and exit positions because it is going for days to weeks that why i'm confused and try to learn everyday
Quitting is not an option for me, am still struggling but i will pass
I like nick, always tells the truth but also always forgets that not everyone is the same... though this video is overall pessimistic, some of us trade small... very small but we make enough money from the market. one day I will scale up but for now I don't go over 1000 dollars and I consistently breakeven or profit, never trade when under financial pressure
I thought you said trading was the easiest hard way to make money?
I'm serious, but I need to know the best way to do number 4.
2-3% a month *on average* ain't bad. I'm not going to make a monthly quota at all, but I will try to average higher monthly earnings.
After becoming profitable for the first time last week (I'm a little over 3 months in) my monthly average is (currently) about 1%
I just think the 2-3% a month gains is a decent swing trader metric, but if you’re a day trader and can get a decent consistent win rate then 2-3% is nothing
very educational
Yes, I am insane as you Nick! 😁
I'm serious about trading.
You choose your words wisely
I'm serious! Thank you for an honest video
I trade futures market. Nasdaq and gold. Clean and less manipulative than forex.
Can I ask you how long it took you to figure this out,,?
Years and years!
Have u see that trader that made 1.8 mill on apex is he real or not traderkane ?
Dead serious
I’m serious this video was spot on
my current average since coming back to stocks is over 0.80% daily. I expect to out preform the Renaissance technologies fund average of 60%
Thank you Nick.
Don't crush my dreams brother. The avenues for poor people are less by the day. 😅
Trading is not a way to get rich on low capital. It’s a way to grow existing capital. Not the fun answer, but the truth!
I'm serious I needed this talk
Long-term investment in stock's, shares, and commodities is not going to earn you a quick buck, but it is much safer. Never bet more than you can afford to lose.
I love this 🔥🔥🔥🔥
have no trading track record but have rented lambo record
Nick I'm the economist,,, it's true lot of people including you they must quit,,coz trading is not fantasy job,,but real work,,,u need 9 years of experience with blowing real account
I am serious. I want to learn as much as possible.
Nick hear me out... here in SA we make like $20 a month thats why we trade to make more n survive
Um all in now, thanks Nick
What other job can you do sitting on the couch in your underpants while munching potato chips? 😂
instead of doing this type of vid, make one on the appropriate regulated/unregulated brokers to trade on/trust. Brokers are barely talked about in this niche, and I mean Indeph.
With Demo i can do all and profit but with real account i can't so what i did was to start with Cent account. All that you listed is happening to me but patients and perseverance; i will over myself.
Nice video please give us more video
I'm serious, fvcking serious
The clickbait on his video’s lately 💀🤡
All this is saying that 50% win rate is not consistently achievable and maybe that’s true but if it’s not true then making big gains is very doable it’s just math
I'm serious
This is my retirement business/project when I'm 60
I suffered number 3 for a very long time
🙏
Yes it's still for me
Finna go full Zen Mode 🦀
It’s true soooo true
Quitting ain’t an option if it ain’t this then it’s back to the trap to buss them birds down
Serious!!