BALANCING TRADING AND WORK (My Own Experience)
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- Опубліковано 25 сер 2024
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Nicholas discusses his experiences of balancing work and trading. This includes when he was working full-time and trading part-time in the evenings, as well as when he co-founded PuriCassar AG and traded full-time.
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TRADING DEVELOPMENT
Nicholas discusses his experiences of balancing work and trading. This includes when he was working full-time and trading part-time in the evenings, as well as when he co-founded PuriCassar AG and traded full-time. He also explains his current situation of balancing trading along with various other projects.
This is part of a weekly series of one-to-one time with Nicholas, where he discusses and relives some of his personal experiences from trading (and learning to trade).
Presented by Nicholas Puri
▶️Watch more about Nicholas' experiences: • MY EXPERIENCE OF MAKIN...
Thank you for this video! Quitting my job today after almost two years of practice! I am scared, nervous,anxious and excited! But I am doing it today! God places the best things on the other side of fear! Am doing it!!
Hopefully I get at that level also. It’s my second year now but still struggling sadly
How it is going buddy?
@@samuelfeyertag6437 best decision of my life!!!!!! Trading successfully and also teaching it bro! Thanks for asking!
@@andrenicholas2748 niiiice, startet the 100k FTMO Challange (80k€) on monday, got 5% of 10 already :)
@@samuelfeyertag6437 nice let’s get this money bro! Mindset is everything you can do this!
I find videos like this 100 times more valuable than strategy videos. Hearing someone go over their mistakes and successes helps me paint a picture in my mind of how a successful trader thinks. Strategy will come to me over time as I get to grips with the charts. But knowledge like this is invaluable because it helps me avoid a lot of the pitfalls that you fell into on the way to reaching the level you're at today.
I've been teaching myself how to trade for about 2 years now. just discovered your channel, it's awesome! keep up the good work :)
Knowledge is Power 💡
2 years? Probably 3 years now. Any success? Have to be profitable now?
@@SSEnrich yup! I’ve noticed swing trading suits me way better than day trading. I’m profitable consistently as long as I stick to that.
@@bramVE239 what colour is your lambo?
I messed up some time ago, really asking my self where i really fit in as a trader but this video as giving me all i need, Big thanks to you Nick,much love 💖💖💖💖.
We all mess up every now and then. The important thing is to learn from the mistakes and harsh lessons the market gives us, and use it to become a better trader.
- Nicholas
When I was working I kept thinking on my trades, after quitting, the trading has no specific times, almost all the days just spending couple of hours and that's it, now I'm thinking to go back to my work!
Was this transition to quitting your job and only be trading stressful for you? It sounds like a really big change.
I love your videos! Such insightful advice. I've been wanting to learn about trading for a few years and now putting it in my priorites, your videos are so helpful thank you!!
thank you for sharing your experience Nicholas. I really appreciate all this sharing & i learn a lot. Once again, thank you
I value all of the videos (yes, of course I have my favourites) but there are always some learning opportunities however small.
I listen to you Nicholas as you have a much higher level of trading expertise (understatement - and it's a fact) and you draw from a deeper reservoir of trading experiences that helps shorten "my" learning curve, and fill in gaps for me.
You have an open way of sharing your experiences that has a realness where I hear truths -
I'm wary of only perfect stories.
The image that just came was of Gladiator, in a way you are a trading gladiator, yes, with slip ups and scars but you have learned to spot relevant signs early, and you have many trading battles won.
Whilst, I like to look at the markets at different times of day, I know the most consistent clear and focused time slot I have for charts, news catch up and looking for setups is early morning from 5 -9 am ish. The evening and weekends, for other aspects of learning and these videos.
A question - is what we saw yesterday morning 31st August 17, London morning GBP/USD on 5 minute chart what you describe as Goldilocks type “Just Right” Market for Trading?
+ Thank you, this week I have learned - that patience can be sweet! :)
I believe you are referring to the clean (Staircase) down move from .29210 - .28517 right ? That looked like a big order being filled by a dealer (myb a yard) probably institutional order flow or last minute positioning before the Non farms. But those clean moves are a very good setups as they usually have huge money behind them. i personally missed that move and i remember it because it really was the trade of the day (Thursday). So next time you see a range - move - ret back to range - move - range - ret back to range you fire.. :D
Red Rarri Yes, clean staircase down. Hmm, made a note and will remember. Thank you, I appreciate your reply - have a great weekend and an even better trading week :)
instagram.com/fxbreakoutstrategy/?hl=en this insta will change your life :)
anthony carlin I doubt it
why :) are you a profitable trader then? how are you getting on?
your mind is so clear, if that makes sence, Thanks
We’re gonna meet one day, you profound advice is definitely helping me build the foundation in my trading life. I can relate with so much
So much parallels my current situation. Thanks for sharing...helps me have the perspective that I'm not alone! Thank you!
This is a great video!
After months of not really having a schedule for trading it slowly formed into something like this. Sunday evenings - Analyse the charts and look for anything of interest and look at any possible news that could affect the markets during the week. Mon-Thurs - Wake up 6am, breakfast/coffee, check the charts and journal. Enter any trades if there is an opportunity that shines out based on what I’ve learnt so far. (Otherwise leave it alone) 6:45 - begin the ride to work. 08:00-16:30 is spent in work with no internet connection or phone, 30 minute lunch outside up the road. (Managing trades if any are open, sometimes in the pouring rain haha). Ride home once work is finished. 17:30 - studying and learning to trade for averagely about 3 hours with small break for food and sanity check. =D - Sleep and repeat. Fridays 05:00 wake up, 13:30 finish. All afternoon and evening dedicated to trading.
Weekends are usually free but like now I'm watching vids, looking at theory stuff and catching up on things. I wish I could commit full time to trading like I did with drumming many years ago! It will be possible but not just yet. Trades are usually open either a full day or over a couple of days. Sometimes caught some trades in the evening but time dialation makes it less frequent.
(It is 58 miles a week on the bike.) I'll post a video of my ride to work next week haha!, it can be rather bad ass on the way down!
Have a good weekend everyone!
That's a very dedicated schedule! Have you managed to stick to it consistently?
Good morning. Yeah, it's pretty much this every day. Just about to finish coffee and head off to work. Can't wait to get home and carry on learning. Beginning a new module :) - Have a good day!
Have a great day too. Good luck with the new module!
Where do you usually go to for news on Sundays?
11 months later, I'm interested to hear if you still have this schedule?
Please keep them coming! I have drawn strength from your video's and they are inspiring. They are true and precise. I will one day join your service for sure.
Thanks so much, I'm really glad the videos have been inspiring and helping you. Hope it continues!
This may be an old video but actually this is very good advice especially for new traders. I respect your opinion entirely 💯 👍🏾
Love your channel you speak very honestly and direct no BS
Good stuff I'm going thru that now so refreshing👍
Your channel has a lot potential. Keep up the great work!
Thank you!
Exactly the video that fits my situation. Thanks for you wealth of free information!
Great video as always!
Thanks so much for all the videos.. :) I think you are Nr 1 in terms of honesty
Great video Nicholas, very inspiring for anyone having a job and feeling "stuck", thanks!
Thank you for sharing.
Lol bro, you're God sent, remember how I worked in an investment bank.
I quit and now I'm teaching English to foreigners. I have much more time to trade now and I've just been throwing my time around like what you said. At the previous job I found a balance to trade at night but now I trade during the day as well. 😂things have been messy cause I shifted my strategy to intraday. Now I'm working on finding the perfect time again.
I hope the new job is better for you buddy! Starting any new job throws your life off balance anyway, so hopefully things will settle down and you'll find your rhythm again.
Love it! keep it up it's so valuable,thanks.
Thank you!
Such an awesome video Nicholas. Thanks for being real.
I love your content so much.. you obtain so much value I'm so jealous. Very inspiring. .
A set time has helped me learn just like you said! My job schedule changes every week; one week I work, 5am to 11am -- So I trade equities 1130 til close of market. Next week, 11am to 6pm -- So I trade the mornings. I have learned both opening and closing markets. Oh, and I only trade twice a day--an entry and an exit. So, I has to be right ! Ha
Thanks for this comment, this shows people how it's possible to mould your trading time around a alternative shift pattern at work. It's still possible to do and having a routine even in this form has massive benefits.
Thank you for the video. I own a business and trade. I usually trade the US session (Forex 5min) for me its 2:00pm - 7-8:00pm and seems to work well. I agree that a routine is important after a a year or so you start to get a "feel" for things and thats useful
It's incredibly demanding to run a business while also trading. You must have great self-discipline and drive (no pun intended with your profile pic!).
more personal experience videos please. please
I love your videos thanks for your advice!!
Good points.--Better to not trade at work...to many distractions/meetings
I'm in AZ, USA...wanting to trade Forex...trying to balance a good paying career.
?Any of your students find success in swing trading Forex and working full time?
?What test do you suggest before quitting a good paying job?($350/day)--Best I've heard is 3 consecutive months of enough profit to pay all expenses.
Can you share your experience as to when you thought it was a good time to quit your job and focus on full-time trading? I am sure it's when you started making consistent profit is when you probably decided to quit your job but still your insight will be greatly appreciated. Thanks very much.
Of course, it's on the list!
These are very enjoyable, and thanks for sharing.
Very good video Nicholas, I work overnights and I’m having a very difficult time to find the right time frame to trade.
I will try the 1h if works for you it might work for me too.
thanks for the video, very insightful and educational lets say you work long hours and return late in the evening would there particular currencies you would be looking to open a position if your setup matches? Im thinking during the evening to focus on Asian market i.e AUD or NZD, thanks enjoying these videos.
Maybe you can share some advice or your opinion. I currently work a full time job in the technology sector, and I am looking at trading as a means to escape having to work 10 hour a day so that I can focus more time on charity work and pursuing other interests. My goal is to earn a living from trading, and then use my trading returns to donate to charity, start other passive businesses (such as acquring rental properties and building a stock portfolio), and then using my free time to volunteer at non-profit organizations. Can trading support that lifestyle?
thanks for the great videos!
Great video
I love hearing your videos
Thanks I needed that!
What is add hoc trading that we must no do??
good job
Hi Nicholas! Just curious on your story and experience with brokers. I'm looking to start live, and I'm not totally sure where to start. I know you have a video on brokers, but maybe something more from your experience will help others. I know that you recomend that the broker to be FCA requlated, but I want a "1-1" video about this, with some examples if that is ok with you. I know you don't recomend brokers, but this is my biggest concern, in order not to get scammed like others are complaining online. Hope to be clarified on day on brokers and how to work with them. Especially the real ECN/STP brokers, which a lot of them are promoting they are, but online reviews proove other things that they are market makers. Hope we can learn more on this subject from you! I promise ... if the video is 2h long, I will watch it all :)).Cheers!
Most of us on the forum prefer MT5 and its strongly advised you use an ECN account (Otherwise you get manipultated data through dealing desks) There are only a few brokers which offer both of these, so as long as you stick to a big name, you cant really go wrong. Niki is unlikely to name any specific brokers as most people who are affiliated with them are paid by the broker to get you to deposit and trade with them, basically they want you to loose your money (conflict of interest), so that is something he is staying away from.
Great videos Nicholas !!
thank you
Thank you so very much
Wow.. you are spot on.. so much related with me,,,.
I'm really glad!
can you make a video on your favorite setups?
I work part time. I trade intraday and I ONLY (learned from experience that I make stressed trades on work) trade when I don't work.
That’s an important point. Everyone needs to figure out what works for them personally
Great insight! Cheers
Hi Nicholas, too good learning , from your videos bro. I would love if these could be a little shorter dear. Hope you would not mind, i love you and feel somehow some right to say this. Best wishes.
which platform should i trade on cos am new in this and i really wanna start trading
Hi! I have been watching your videos for a while and I noticed that on this video you said you traded 1 hour charts. What lot size would you recommend if I’m also going to hold a trade for a few days?
Do you use DeMarker at all to confirm your entries
What is adhock trading?
Good video. Just one question! If l work between 8am-6 p.m. with a lunch break what time should l trade? After 6 p.m.?
I think that would be the best option.
I start to forex a week ago i keep making money i made this just by watching some valuable videos.Do you think that it's because im making trading fast or it's just because it happens at the beginning. 70% percent of my trading is successful. What is your opinion ? This is my first week
Unfortunately it sounds like beginners luck. It’s possible to profit even if you don’t know what you’re doing, but if it’s not something consistent and sustainable then the chances are it’s just a winning streak within a losing approach. It’s the law of small numbers.
hi how a u.
did u have a chate group. thx max
Where did you trade sir ? Forex ?
Hey Nicholas I have now started full time agaib and my shifts rotate every week. So sometimes 9-5 sometimes 10-6 11-7 , 12-8 or 1-9pm. When i start late I was thinking about waking up early and trading for say 5 hours intraday?, when i start early i was thinking of doing evening trading (not sure how the dilation will effect me), do you think this could work?
I think that could work, especially while you are learning as you will get more exposure to situations that way. However eventually if you were trading live with a similar shift pattern it may be worth looking at larger time frames and then it doesn't matter when you fit in your trading time as long as you're able to focus well.
I work night shift. Driving trucks. From 6pm to 6 am usually. I'm in pacific time. What would I trade between 6 am to 6 pm?
You have many options, but it depends what you find is right for you, you are 'in hours' for the US session and the start of your trading also includes the European session. So any assets related to US or Europe, e.g. US stocks, FTSE, EUR/USD, GBP/USD etc.
The Duomo Initiative - Financial Education ok thanks for the info.
Hey, what platform for trading do you recommend?
Mt4 for trading and tradingview for analysis.
Whooo recommending M5, thats gonna wake up a lot.of haters :) but it is true the smaller timeframes will provide a lot more strctural real time intel, as one of the import things to learn is to deal with realtime data.
Haha, anything I say will eventually attract some haters anyway!
so what i do is i work from 9to5 and from 5:30 to 9:30 i study and work on charts theyre is nooooooooo excuse that you dont have time fuck everything else and just grind and before you know it youll have all the time in the world trust me dont waste it or come up with lame excuses fuck the partys fuck the friends if their actually real theyll understand.
You miss underestimate me - Arrested Development
It makes us feel normal 😉
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Thank you for this video! Quitting my job today after almost two years of practice! I am scared, nervous,anxious and excited! But I am doing it today! God places the best things on the other side of fear! Am doing it!!