best decision was going short on USD/JPY right before the crash worst decisions were trades on GBP/JPY with tight STOP-LOSS even though I knew it is volatile one.
My best trading decision was understanding that my own trading style *** and I need to stop, before my account is blown. My worst trading decision was using candlestick analysis for binary options, when I understood that my own trading ***. Love you channel
Im a Seahawks fan so this whole video kinda touched a nerve but not sticking to my strategy and gambling on oil almost ruined all my hard work snaped out of it tho, lesson learned
I havent traded much yet, so do not have a record of the worst and best trade. But Just from when you asked I picked my brain pointing to the demo trades I did and lost the most to isolate the worst trade and the best profit I made to pick the best decision. But then you spoke of resulting which is quite an interesting and insightful perspective to even more objective in weighing effort to result. Thanks
Best ever trading decision 1 stopping signal services 2 actually learning PA Worst ever tading decision 1 taking a loss personal nd risking mor to get back wht I lost...nd just end up losing further. 2 trading the NAS100 in hopes of real quick profit
So easy to remember my absolute worse trade! My 1st big trading account started at $25K USD. Planned to pay myself at $30K. ($2.5K). In 2 weeks I was $265 away from paying Myself! The lead trader said “the ES is crumbling!” And I thought I’ll make my goal on 1 trade today! I Sold 2 ES contracts. My ATM places my stop 15 ticks away, 1st target was 8 ticks then let last one run. Immediately price went Up and against me. I moved my stop to 25 ticks and price was on my heels to take me out. Price fell a little so I wanted room to hit the reversal and moved my stop higher. Like a rocket price went up and I remember thinking “Pat said the ES is crumbling! It has to turn around! He said it’s falling like a rock...I mustn’t get stopped out!!” I lost $4K on that trade by moving my stop up and up. Thankfully a price spike hit my stop before I could move it again and I was done! I sat there in a daze not knowing what happened. Feeling stupid by my actions and mad at Pat for saying it’s falling. I knew I could t blame Pat and it messed me up for months after! Tried to regain the loss and over traded, revenge traded, emotional trades! Lost more and closed my account at $5K!
My best trade would be on the USD/CAD where i had planned the trade months in advance and i doubled my account just from that one trade by adding positions every time i hit a profit target. My worst trade would be on the NZD/JPY where i locked in profits and then tried to ride the retracement which happened days later but by that time i had made a 36% loss on my account.
Hey, really interesting video. It would be interesting see more videos like this one. So my worst trading decision was when all the indicators and charts were Ok to open a buy position, but then FED threw out some bad news about the interest rate hike, and that impacted all industrial stocks heavily. At that time I wasn't in case of the news, and the price dropped so badly... Other bad trades are classic ones: just a typical situation, when your position is triggering SL, and you check it out from your cell phone (because you are out with your friends) and the frustration makes you open another position without checking all the situation...
Really enjoy your videos , so much good info here even to those who are trading equity and not forex , thanks for caring to take the time to share with us . 😊
my best trading decision was when i put on a position right on a reversal, and ride the wave alllll the way to almost the top. my worst trading decision was when i go animal mode and put gigantic lot and then kept pulling my stop loss because i don't want it to be hit. and it got hit anyway of course.
my best and worst decisions seem to have the same characteristics, if i go by profit/loss then the decision is the same, i.e. booked profit/loss to soon and price kept going/reversed in my direction and i experience a mix of regret and greed; or, i let profit/loss run and price reverses/keeps going so, really...I seem to never really know so, probably the best way to look at it is my best trades are the ones I care less about because my risk completely justifies my reward and my worst trades are the ones I care too much about winning them or loosing, i.e. best to not have to much *riding on it
Thank you Nick. Your videos have helped me out a lot. I do not use the Duomo method but I have implemented many of your tactics into my own strategy like type 1-2 closes with my find and significant levels. Your psychology videos have helped me out as well.
I am still new to trading, less than a year. The worst trade I made was cause I did not know any better and I set my volume to the highest number and I lost all the money I put in. That was in my first month of trading. I never made that mistake again. I love your vids, they are a Huge help. As for best, all have been more luck and less skill. But that is slowly changing.
Not sure about my best one, but the worse was definitely when I bought and the markets were starting to go against me, and then when I saw another green candle I decided to buy again to make even more money, and then the market started going against me again... So I lost double the amount that I should've just because I was greedy
My worst trade was stitch fix. Added more to the losing trade. Lost a lot in that trade. Good was nvda waited long to lock profits this one was not easy.It was not an easy task waiting for big profits.
I decided to use martingale even though I knew it's horrible! I thought what are the odds of losing 7 times in a row, I lost 7 times in a row as you'd expect but it made me take learning to trade and more seriously
Lol let's commit !! My best trade was a EURGBP trade taken at the London open. A small percentage of my account was at risk on the trade but the reward was huge as the market continue to trend in the longer term direction. My worst decision was a USDCAD trade I took when I first started learning about trading. I added to a losing trade and watched the market move further against me. Also a trade on EURUSD where I was adding to a losing trade consistently for weeks anticipating the market to eventually come back to my original every point.. Lessons learnt from every experience in the market.
Worst was when I sold gbpjpy and was 3800 in red with a 4500 account about 3 hours after . In about a week it took a turn and I closed the trade at 158 profit and it went down to the point I could have made 1500
The worst trading decision I've ever made was taking an account that had a little over a thousand pounds (worked months to save this) in it and using the most highest leverage possible to go long on brent crude. Long story short I blew 90% of that account due to being margin called out. I actually had several chances of closing that trade at break even and a few chances at closing with a small profit. But I wanted to hang on thinking that price would continue to move up. Stupidity and greed is what cost me and I understand that I can't blame anyone else for it but myself. Hope this helps someone else looking to get rich quick.
Best trade decision so far was shorting UJ from 113.4 to 104.8 when the "flash crash" happened taking my account from 3900 to 9500. The worst trading decision was trading GC and losing 20% of the account chasing instead when I should have just walked away and came back the next day.
I thought about the question...my response would have been to the tune of "the one that made me the most money (got lucky on a flash crash)...and the one where I lost the most (a margin call from not using a stop loss...well, a few margin calls before I wised up ;) )...the best was dumb luck on a far away and truly unrealistic profit target, the worse was bad technique -- but both were based on the actual outcome. Now I consider my best trades the ones where I followed the plan to the letter, win or lose, with the same boring outcome (win some, lose some, profitable overall). That is winning in this game -- consistent profits by making the game boring.
If he'd made the touchdown he would have been a hero - you place your bets and you take your chances. Worst trading decision - signing up to a copier service not once but twice and loosing 2k on one and 8k on the other. Best trading decision learning to trade and learning not to gamble. Trades are like buses, there is another one along in a minute.
Best trading for me is when I get on the right side of the market before I change my mind :) lol and worse trading decision was not to have a stop loss.
My best trading decision was going long on amd a few years back at 5 dollars a share and one day I just felt like selling it and sold at 32 dollars a share (don’t really know if this counts as trading or investing as I wasn't really trading at the time) Worst trading decision I was playing weekly snp500 options and I picked the wrong direction on top of the fact that I bought in not looking at my other trades of the week showing that I would put myself over pdt so my account was locked and I lost my entire position
Actually, It wasn't so much passing that was the mistake, it was passing to the middle of the field where there is a greater probability of the pass being intercepted or batted down. They should have thrown a high, back corner pass where only their receiver can catch it or it falls out of bounds. It was a horrible decision, however, it still isn't anywhere near as bad as Atlanta basically having a won game in the third quarter and then utterly choking the game away. That to me is the worst Super Bowl performance of all time!!! All they had to do is keep doing what they were paid to do... Play football!!! SMDH to this day!!!
The Best: To trade small and consistent used a fixed hurdle limit for all SL The Worst: my mind voice "you stupid? this kind of trade will not happen always, add more or you'll miss it"
99.5% of what people answer (''for best'' section especially) are actually NOT trading decisions , are just pure luck deciding he(she) will go with that idea in that moment and push the trade ''button'' in poker you hold 95 ( a bad hand) and fold, next seconds after you fold the flop comes 995. now you would have the best possible hand no matter what happens on the turn or river, no matter what your normal , human reaction is to bang your head to the wall repeatedly, for folding 95. but your decision was a good decision, that will win you money in the long run. folding a bad hand edit : maybe i was too harsh with the 99.5 % percentage, but is in the same ballpark
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My best trading decision was opening a trading account. My worst trading decision was opening a trading acount
😂😂😂
Hilarious
Worst trading decision(s)... chasing the cadchf late last year .. buying the highs and selling on the lows cost me a small fortune, lesson learnt!
My best trading decision was starting The Duomo Method Course.
My worst trading decision was strating at IMarketsLive.
That is so true. Fell trap of it a lot in the past and still do sometimes now.
best decision was going short on USD/JPY right before the crash
worst decisions were trades on GBP/JPY with tight STOP-LOSS even though I knew it is volatile one.
Thank you, Nicholas. Your psychology videos are quite helpful with not just trading but also in other aspects of life as well.
My best trading decision was understanding that my own trading style *** and I need to stop, before my account is blown.
My worst trading decision was using candlestick analysis for binary options, when I understood that my own trading ***.
Love you channel
Im a Seahawks fan so this whole video kinda touched a nerve but not sticking to my strategy and gambling on oil almost ruined all my hard work snaped out of it tho, lesson learned
I havent traded much yet, so do not have a record of the worst and best trade. But Just from when you asked I picked my brain pointing to the demo trades I did and lost the most to isolate the worst trade and the best profit I made to pick the best decision. But then you spoke of resulting which is quite an interesting and insightful perspective to even more objective in weighing effort to result. Thanks
Best ever trading decision
1 stopping signal services
2 actually learning PA
Worst ever tading decision
1 taking a loss personal nd risking mor to get back wht I lost...nd just end up losing further.
2 trading the NAS100 in hopes of real quick profit
So easy to remember my absolute worse trade! My 1st big trading account started at $25K USD. Planned to pay myself at $30K. ($2.5K). In 2 weeks I was $265 away from paying Myself! The lead trader said “the ES is crumbling!” And I thought I’ll make my goal on 1 trade today! I Sold 2 ES contracts. My ATM places my stop 15 ticks away, 1st target was 8 ticks then let last one run. Immediately price went Up and against me. I moved my stop to 25 ticks and price was on my heels to take me out. Price fell a little so I wanted room to hit the reversal and moved my stop higher. Like a rocket price went up and I remember thinking “Pat said the ES is crumbling! It has to turn around! He said it’s falling like a rock...I mustn’t get stopped out!!” I lost $4K on that trade by moving my stop up and up. Thankfully a price spike hit my stop before I could move it again and I was done! I sat there in a daze not knowing what happened. Feeling stupid by my actions and mad at Pat for saying it’s falling. I knew I could t blame Pat and it messed me up for months after! Tried to regain the loss and over traded, revenge traded, emotional trades! Lost more and closed my account at $5K!
My best trade would be on the USD/CAD where i had planned the trade months in advance and i doubled my account just from that one trade by adding positions every time i hit a profit target. My worst trade would be on the NZD/JPY where i locked in profits and then tried to ride the retracement which happened days later but by that time i had made a 36% loss on my account.
Hey, really interesting video. It would be interesting see more videos like this one.
So my worst trading decision was when all the indicators and charts were Ok to open a buy position, but then FED threw out some bad news about the interest rate hike, and that impacted all industrial stocks heavily. At that time I wasn't in case of the news, and the price dropped so badly... Other bad trades are classic ones: just a typical situation, when your position is triggering SL, and you check it out from your cell phone (because you are out with your friends) and the frustration makes you open another position without checking all the situation...
You voice really calms me down after trading(:
What a fantastic video. I trade sports not financials and think it's one of the most thought provoking videos on the thought process
Really enjoy your videos , so much good info here even to those who are trading equity and not forex , thanks for caring to take the time to share with us . 😊
my best trading decision was when i put on a position right on a reversal, and ride the wave alllll the way to almost the top.
my worst trading decision was when i go animal mode and put gigantic lot and then kept pulling my stop loss because i don't want it to be hit. and it got hit anyway of course.
Worst trade I made was buying and selling for 5% profit when I could’ve made waaaay more. Live and learn, thanks for the vidya
my best and worst decisions seem to have the same characteristics, if i go by profit/loss then the decision is the same, i.e. booked profit/loss to soon and price kept going/reversed in my direction and i experience a mix of regret and greed; or, i let profit/loss run and price reverses/keeps going so, really...I seem to never really know so, probably the best way to look at it is my best trades are the ones I care less about because my risk completely justifies my reward and my worst trades are the ones I care too much about winning them or loosing, i.e. best to not have to much *riding on it
Thank you Nick. Your videos have helped me out a lot. I do not use the Duomo method but I have implemented many of your tactics into my own strategy like type 1-2 closes with my find and significant levels. Your psychology videos have helped me out as well.
I am still new to trading, less than a year. The worst trade I made was cause I did not know any better and I set my volume to the highest number and I lost all the money I put in. That was in my first month of trading. I never made that mistake again. I love your vids, they are a Huge help. As for best, all have been more luck and less skill. But that is slowly changing.
Not sure about my best one, but the worse was definitely when I bought and the markets were starting to go against me, and then when I saw another green candle I decided to buy again to make even more money, and then the market started going against me again...
So I lost double the amount that I should've just because I was greedy
My worst trade was stitch fix. Added more to the losing trade. Lost a lot in that trade. Good was nvda waited long to lock profits this one was not easy.It was not an easy task waiting for big profits.
I decided to use martingale even though I knew it's horrible! I thought what are the odds of losing 7 times in a row, I lost 7 times in a row as you'd expect but it made me take learning to trade and more seriously
Lol let's commit !!
My best trade was a EURGBP trade taken at the London open. A small percentage of my account was at risk on the trade but the reward was huge as the market continue to trend in the longer term direction.
My worst decision was a USDCAD trade I took when I first started learning about trading. I added to a losing trade and watched the market move further against me. Also a trade on EURUSD where I was adding to a losing trade consistently for weeks anticipating the market to eventually come back to my original every point..
Lessons learnt from every experience in the market.
Best trade: 2.5x Leveraged long position in S&P500, 26th December 2018.
Worst trade: Long BTC @ $9500, 15th February 2018.
Worst was when I sold gbpjpy and was 3800 in red with a 4500 account about 3 hours after . In about a week it took a turn and I closed the trade at 158 profit and it went down to the point I could have made 1500
Daddy Jarvis fuck 3800 u got nerves boi
The worst trading decision I've ever made was taking an account that had a little over a thousand pounds (worked months to save this) in it and using the most highest leverage possible to go long on brent crude.
Long story short I blew 90% of that account due to being margin called out.
I actually had several chances of closing that trade at break even and a few chances at closing with a small profit. But I wanted to hang on thinking that price would continue to move up.
Stupidity and greed is what cost me and I understand that I can't blame anyone else for it but myself.
Hope this helps someone else looking to get rich quick.
Outstanding and clear explanation!
Best trade decision so far was shorting UJ from 113.4 to 104.8 when the "flash crash" happened taking my account from 3900 to 9500. The worst trading decision was trading GC and losing 20% of the account chasing instead when I should have just walked away and came back the next day.
I thought about the question...my response would have been to the tune of "the one that made me the most money (got lucky on a flash crash)...and the one where I lost the most (a margin call from not using a stop loss...well, a few margin calls before I wised up ;) )...the best was dumb luck on a far away and truly unrealistic profit target, the worse was bad technique -- but both were based on the actual outcome. Now I consider my best trades the ones where I followed the plan to the letter, win or lose, with the same boring outcome (win some, lose some, profitable overall). That is winning in this game -- consistent profits by making the game boring.
my best rade ever was swinging DGAZ. my worse trade ever was also swinging DGAZ.
Deep stuff
hi nicholas, what are typical account growth rates using your method? just asking because i want to know if its suitable for me :) thanks!
If he'd made the touchdown he would have been a hero - you place your bets and you take your chances. Worst trading decision - signing up to a copier service not once but twice and loosing 2k on one and 8k on the other. Best trading decision learning to trade and learning not to gamble. Trades are like buses, there is another one along in a minute.
Best trading for me is when I get on the right side of the market before I change my mind :) lol and worse trading decision was not to have a stop loss.
My best trading decision was going long on amd a few years back at 5 dollars a share and one day I just felt like selling it and sold at 32 dollars a share (don’t really know if this counts as trading or investing as I wasn't really trading at the time)
Worst trading decision I was playing weekly snp500 options and I picked the wrong direction on top of the fact that I bought in not looking at my other trades of the week showing that I would put myself over pdt so my account was locked and I lost my entire position
Best: started trading
Worst: Selling the winning trades and keeping the losing trades
In the heat of the moment, make the correct decision
Worst has always been taking profit early, and best is yet to come.
every trade is my best ever trade
my worst trade is believing the odds.
Best mentor on UA-cam
I opened a trade with a .1 lot for a few seconds on US30. I made $25. I went back in and lost 76$.
When I was £800 down and still continue to hold thinking it would return in my favour. Almost ended up blowing the account in a day
Actually, It wasn't so much passing that was the mistake, it was passing to the middle of the field where there is a greater probability of the pass being intercepted or batted down. They should have thrown a high, back corner pass where only their receiver can catch it or it falls out of bounds. It was a horrible decision, however, it still isn't anywhere near as bad as Atlanta basically having a won game in the third quarter and then utterly choking the game away. That to me is the worst Super Bowl performance of all time!!! All they had to do is keep doing what they were paid to do... Play football!!! SMDH to this day!!!
I am watching your video after one year. Is it true ?
Best: SPY trade that took me out of my fear of trading
Worst: closing a trade out of fear only to see it gap up in my favour the next day
Buying a good day trade stock when I was out of day trades had to use my one and only pdt pass I felt mortified 💀😂
VNQ vanguard real estate etf the best . VDE vanguard energy etf is the worst.
as Jamie Simons points out, if your profit is not going anywhere but downward, there must be something wrong with your strategy LOL
The Best: To trade small and consistent used a fixed hurdle limit for all SL
The Worst: my mind voice "you stupid? this kind of trade will not happen always, add more or you'll miss it"
Daaaamn havent seen that face in awhile
My best decision was to buy bitcoin in early march (I made 1168 on it) and I copied a famous cryto trader
Trevor S. You still trade crypto?
@@techzRR It was a one time trade, i saw a good chance to double my money so i did
Brady is the GOAT.
Planning a trade. Not planning a trade
nfl?
99.5% of what people answer (''for best'' section especially) are actually NOT trading decisions , are just pure luck deciding he(she) will go with that idea in that moment and push the trade ''button''
in poker you hold 95 ( a bad hand) and fold, next seconds after you fold the flop comes 995.
now you would have the best possible hand no matter what happens on the turn or river, no matter what
your normal , human reaction is to bang your head to the wall repeatedly, for folding 95.
but your decision was a good decision, that will win you money in the long run. folding a bad hand
edit : maybe i was too harsh with the 99.5 % percentage, but is in the same ballpark
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