How to Build Your Trading System (Difference Between Strategy & System)
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- Опубліковано 26 сер 2024
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Learn how to break down and build your trading system. We define the critical difference between a trading system and a trading strategy.
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TRADING SYSTEMS
This is an important step towards becoming a consistently profitable trader. If you don't know how to break down your system properly, it makes the task of becoming consistent with your trading even more difficult. This video features diagrams and a practical task to help you build your trading system. A very important lesson for all traders.
Presented by Nicholas Puri
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#TradingSystem #TradingStrategy
Honestly, this is one of the rare channels on youtube that offers true and vluable content on how to become a better trader. Thank you so much for your help Nicholas.
Couldn't agree more..
how is your trading going now ?
It took me Over ten years of Trading, constantly losing money to realise ( then the aha moment came) that my Trading NEEDED a systematic approach. It's so Obvious, if we want to trade a profitable way, we need to beable to DUPLICATE the winning Strategy. My system is NOW Fixed like a post in Concrete. Unmovable!
Great video my friend
You are teaching what no one is teaching. This is by far the most important video I watch about trading. This teaching is applicable to all kind of business. In my profession as a photographer, I have a fixed system that I followed. It's so simple that a complete newbie can follow and replicate my work almost exactly. An this is key that will help a newbie to be discipline. I love this video. Without it a newbie will be confused.
This video is next level. Really helped me to organize my thoughts on developing a real tangible system that can be repeatable, efficient, and consistent. Great job man!
Thanks a lot! Thanks to this i realized that the weak point of my trading were my entry points, while my targets were kinda accurate, i was entering the market at weird awkward places
This video clip should be in the introduction of every trading education dvd or book out there. There are many educators out there that emphasise on strategy but very few clearly differentiate systems from strategies and how to make them work together.
You can also apply the same concepts with your trading psychology, trade journaling and even life in general (eg. finances, daily/weekly routine, fitness program & etc)
Great video!!! This clip will weed out all the lazy/new market participants who are considering taking on trading as a new business, job, hobby, sport & etc. In fact it will make lazy people and people who think trading is easy think twice about how much work "behind the scenes" is required to become consistently profitable!!!
The most difficult thing is to build a system and I am talking about all aspects of our life (family, job, children, money etc). Nice video thanks.
Read the book "the traders pendulum" by Jody Samuels. You will get some idea. Cheers
No joke! If your system involves a lot of time-consuming research, you may need the cooperation of your spouse or significant other.
This mentor doesn't hide anything. I was so lucky to see this video when I was just learning trading for 2 months.
The best video and probably the only video out there that actually correctly explains what a trading system really is. If your're serious about trading do not take this information for granted. People pay thousands for this type of education.
Wow, I really needed to find this video. So many useless videos about how to become a good daytrader with none of them providing a framework of understanding to analyse. Thanks this way i can start building my system and strategy to become succesfull in trading
This is one of the best channels I found out on UA-cam about Trading. Your video about system and strategy cleared my confusion about the topic. Thank you, Nicholas.
jesus christ this was probably the most important trading video ever made, congratz man. subscribed
My mind is so full of ideas these days and this video helped me sort some of them and start define my fixed process. If I can get that out of my way, I can start thinking about strategies and managing trades. Thank you!
When is part 2 coming?;)
Thanks man! Now I have a clearer vision on how to build my system. I've been struggling to create one for how many months. But with your video, I now have an idea where to start. Cheers!
this is real trade talk without corrupting with entertainment first, information later strategy.
The distinction between systems and strategies is articulated very clearly here. I think it would be really interesting to see examples of thoroughly developed systems. You alluded to the likelihood of having a much more deeply layered system than the generic version presented in the diagram. I'd be really interested to know what it looks like for you when its fully filled out. I'm brand new to this and am going to just watch a bunch of videos for awhile until I feel like I have a good map of all the steps and stages of developing a quality plan. I'll start paper trading at some point and try to figure out all the layers of rhythms and discrete action steps I need to attend to. I think it'll also be smart to build up a bunch of binary selections for strategy-variants in each of the steps, so I understand what I'm testing for and have distinct options for alternate methods. Another video said to document all trades that are made - I'm thinking that getting deep into the details of the steps (maybe sub-steps... sub-sub-steps, etc... deeply categorical) so they can be precisely refined and tested for efficacy.
This is the only Video which i feel it has opened up my mind,Thankyou
love the vid, is there a part 2??
One of the best way of explaining trading I have ever seen, worth years of learning 💯
Hello, I'd like to share my feedback (my opinion how I perceive your and especially this video) with you. You speak quite too much but I rather prefer this way because you really speak about the same thing even 2-4 times but each time from a little different angle with a little different words which really helps me to understand the topic without difficult searching additional information somewhere else. I really appreciate that you talk about how it is let's say in a real life for example you're not saying only to take an exercise but you encourage to do it properly to invest a time into it and also some suggestion about needed time amount. You summarize (at least partially) and emphasize what is most critical to do and I perceive that you point out to have realistic view (not optimistic not negative, just to really think about everything how it is). I really like your overall approach to explain things. I also like the way how you explain it, e.g. the kind of respectful voice. You are showing that you understand that it's very possible that there's too much information for us and for me, it seems that you really went through all of these struggles and it's great that you try to push us closer to more effective way. Thank you so much, in my opinion your explanation of trading (overall) is one of the best I found in youtube. I hope also this feedback help you at least a little bit to share even better videos with us. Take care. Peter
Helped so much! Can't believe it!
this was just what i needed, had some strong wins with glimmers of greatness and in trying to multiply chances lost it all trying to bite off more than i can chew.. Valuable content
really great video!!!!! I love the fact you put emphasis at the beginning to explain the difference between a strategy and a system.
This video is just gold! Many thanks
Hands down! The best educational video about Trading.
This one video made me subscribe, wow! Thank you for this clarity
Thank you for this enlightenment.
CANT WAIT FOR PART 2!!!!
Great video Sir! You’re a great teacher! I am a Forex newbie. Your video helped me to understand the right approach I need to take.
Very helpful. I hope part 2 comes real soon.
In order to be a consistently profitable trader, you must have these three elements all in alignment :
1-) System
This is what’s being described in this video .
2-) State ( Your State Of Mind That Is )
If you are in a pissed off , angry ,
furious state , you won’t perform
well ..
3-) Tools ( Your computer , your screens , the speed of your Internet
connection. , your back-up Internet,
your platform , ext ..
In terms of percentages , how big of a role each plays , here they are :
System 15 %
State 80 %
Tools 5 %
Trading is a game of psychology guys .. Emotional resilience should be your main goal .. Only the toughest psychology wins in this game combined with experience .. You can have the best system in place , the best tools ever , but if you don’t manage your stage EVERY single day when you come to the trading desk and master emotional resilience when trades start going against you , you will always lose ...
Tank you so much. This is going to improve my trading by far
Agreed with your meaning of the differences. Thanks a lot for your helpful sharing.
Thanks for this information bud, a lot of it is common sense but common sense isn't so common. Keep up with the videos
I've been watching your videos and working hard, love your way of approach. I've made many mistakes as a beginner but now I wish to hone my own approaches and you are a great help. Just wanted to let u know how big a help you are 💪
Can you speak more in depth about written "trading plans" as opposed to strategy; money management, quantifying personal strengths and weaknesses, and paying yourself.
Do you use a flow chart of your trading plan? If so can you speak about the process of building something robust?
Thank you for being a trully reliable source and helping me exeeding in my trading! Although i'm still learning on demo i am seeing consistency all becouse of your advices.
Best luck to you!
how has your forex journey been mate!?
Thanks Nicholas.
It was very Helpful.
Does pulling at my hair and praying count as one step or two for the purpose of this exercise?
Catherine Gracey step 1 AND 2 Catherine!
They're step 2. Smacking your desk and nervously sweating is step 1
how is your trading now?
Thank you
I liked this video, it helped me solidify which elements make up my system and which make up my strategy. You said there would be a series of these videos or others going into more detail. Are there other videos relating to this same topic?
Well this channel is a very informative rabbit hole
I suggest to add reflection as the last step of the system to continually improve planning, execution and the strategies themselves.
You kind sir, are an excellent educator. 👍
Awesome video! Can't wait for part 2
Love to see a part2
I really agree with what you have said. Very good example and will look forward on further explanation in details about this system and strategy you were talking about.
Great Video man, you deserve a cookie ! :)
Thanks Nicolas for the valuable content and great advice, as always!
Great vid. Just what I needed.
When part 2 will be released?
Can you make a video showing us your trading history when you were making bank (gains/losses, what you learnt from them)?
Thanks alot Sir, you're honestly helpful🙏
Can I send you the What&Why setup when finished please? To get feedback?
Wow, like actually wow, game changing knowledge people
thx
Are we ever going to have the follow up to this, its my favourite vid
Thanks for this quality Content
wow thanks man this series will help a lot
@theduomoinitiative is Benjamin formula a trading system or is it something else?
This is really helpful video! Thanks for sharing you knowledge!
Waiting for second part :)
Nothing but facts so glad I subscribed here 😊🔥
hello, awesome video that clarifies a lot. But where is the second part you were talking about?
A system is a group of interacting or interrelated entities that form a unified whole (like a solar system, human body, society, network e.t.c). So, what did you described looks more like a strategy to me. What do you put as a strategy, looks more like a tactics to me.
Please kindly do Part 2 of this series please
Yeah, would be good to see a part 2. Great Vids btw :)
Another Great video, thank you
I love your channel and I love your video's. I think you're gonna be my number 1 mentor in trading
I am consistently losing money, but I am consistent !
Love the video btw.
That's the first step. Now it's time to optimise and figure out what can be tweaked or changed.
- Nicholas
great video coach!
Brilliant thanks again Nicholas.
Cheers Chris, looks like you’re putting the time into learning. I hope your progress is going in the right direction!
Would still like to see part 2!
When will part 2 come ???
Ur advise is epic. Wud request u to plz use some pleasant music in background.
Awesome video! Is there a part 2? I cant seem to find it on your channel.
scintillatingly clarifying video !!! Congratulations Nicholas, I’m learning to trade with options over stock on Td amaritrade, any words of advice on it? Thank you for sharing!!
Traderpenuer book was soo good
Many procedures, which have different steps as a part of each procedure, and all the procedures are part of a system. These deserve a Quality Standard ISO:9001. Good idea. I will be myself the customer of my own product. Being systematic we can find our successes and failures. This is kind of Operative System (the black box), associated with efficiency. The input is money, time, talent, etc the out put is money capitalized vs time. The Strategy System is why, when, where, etc. Associated with effectiveness. Your point is brilliant, we have to see this as a business and all its complexities. If we get around a 20% of annual profit after taxis, we are good.
Nicely said, efficiently buying your own product. Best summary I've heard. If we could see them words spoken I think they would be golden.
Thanks sir
@theduomoinitiative Amazing vid bro. Part 2??
Great Video! Thank you!
Thanks!
So would another good definition of a system be rules & checklists?
that channel is wayyyy to underrated
Thanks, I appreciate that!
- Nicholas
Bravo sir. Cheers.
Great content as always.
What kind of face lotion do you use? your skin is simply glowing😉.
Anthony Taylor Horny Goat Weed
Awesome! Does anyone have the link to part 2?
Can I ask which market did/do you trade mainly?
No part 2? :-(
Awesome video bro💪💪💪
your sound is great.
RSI and MACD trend line and support line，4 moving average lines trading Bearish Divergence still losing money😢
Lol.... what are all those....
they all lagging indicators, "iNdIcAtOrS" and not the mirror of the market
@@chandankage get yo ass outta here you dipshit
Averages change based on price action so that’s not an indicator about the future. I only use charts + psychology and statistics.
Great Video
I agree. This guy is dead on!
Thanks!
- Nicholas
Does this mean the SYSTEM doesn't change if it goes by the word FIXED?
dead end after this first video? a playlist maybe?
Where is part 2?
Can you please go through your strategy and System with us?
Plz when will part 2 come?
We're cooking it up! It's likely to be a webinar rather than a video, as it's currently about 1hr 30 long... which is a bit long for our UA-cam audience unfortunately!
- Nicholas
Where's part 2?
Are "trading plan" and "trading system" the same thing?