Dear Shawn, Thank you for the video. I frequently trade using the DCAA strategy and often add to losing trades. While I don't have a strict rule for when to apply DCAA, my general approach is to add if the position moves at least 5% against me. In highly volatile markets, I tend to wait for a 10% move before adding. I have a question: Do you have any recommendations on the optimal percentage for DCAA, or does it always depend on market conditions? I primarily trade crypto. Thank you.
I never get tired of watching you do these random replays. It would be so easy to edit out the parts where the trade doesn't play out, which is what most UA-camrs probably would do. You keep it real, and I respect you for it.
Hey Nick, One of your best videos. Clear concise and without the B.S. Lots of value here for the trader struggling with learning this business. Thanks.
You are the only finance channel Im still watching Nick. Your videos make me very uncomfortable because they are the anti-thesis that help people think critically. Keep it up man
Love the honesty you give away within your videos. But ... I am really concerned about your coughin. Hope everything is ok at your end with it. Please take care!
Hey Nick, I’ve been eating up your videos lately and I’ve been really enjoying them. I started a demo account and have been doing TradingView rewind practice and have managed to be profitable, but need a lot more time practicing reading charts. Can you have a more extensive video on how you personally read the charts and what things you look for and see? I want to train my eyes better. Thanks!
Brilliant! BTW lot of gossip on online forums about you not showing your actual statements to prove your P&L...when do you plan to make a video with that info ?
Dear Nick, Thank you for the video. I frequently trade using the DCAA strategy and often add to losing trades. While I don't have a strict rule for when to apply DCAA, my general approach is to add if the position moves at least 5% against me. In highly volatile markets, I tend to wait for a 10% move before adding. I have a question: Do you have any recommendations on the optimal percentage for DCAA, or does it always depend on market conditions? I primarily trade crypto. Thank you.
NIck, if you want much shorter processing times I recommend recording or rendering your videos at a lower resolution/bitrate as the video file size will be much smaller - allowing the processing time to only be about half the length of the video time!
I feel like u trade mean reversion in a different way. I am a member of your telegram channel and seeing you trading mean reversion there is pretty different. You typically wait for overextended markets.
Marvelous! More and more i find myself telling ppl about your way of trading (when i'm in different discords and eveyone is trying to 'analyze' which way the price will go) ! ! ! ! Your way of teaching is PERFECT for someone like me and the fact that I can get it for FREE.... well, you have my eternal gratitude! ^ COMMENT FOR YOUR ALGORITHM BROTHER! + 👍'd and Sub'd
When you enter a trade again to manage risk : Do you immediately stop both trades just to stay break even on the trade or do you sometimes let it run further in profit ? Without being greedy , just technically!
Thanks Nick ! After trading for about 2-3 years using BS courses I lost a lot ... I decided to start from scratch after a long break from trading using the DCA method and a very small $20 account because I'm doing this for experience and not for profit and I'm happy to say that using the DCA approach with no stop loss I have grown that $20 into $35 in a little less than 2 months in the crypto market... DCA is definitely the way to go for me ! Thanks again brother !
I thik it is but there is another way of thinking to it , its like if your broker allows to open hadged positions then try hadgeing where your stoploss might be , then if it goes further down then at a suitable position take out profitable postion and also open anather alternative postion (nothing but avareging) then cancel out at brake even. Then you do have some profit.
I saw Nick one day at a Wal-Mart and I walked over and without even saying hi, I pulled on his beard until the rubber band reached maximum range. Then I let go... SSSNAAAPP! Yeah, he was pissed! Chased me for over 3 miles before I shook him. That dude can run! Sorry Nick, next time I'll just say hi.
Agreed! He has a tremendous 500:1 beard, LoL! But ya know, one day in a grocery store I saw Nick, but instead of just saying hi, I couldn't resist the temptation to pull on his beard until the rubber band reached it's maximum stretch point. Then I let go... SSSNAAAPP!!! Yeah, I got chased for well over 3 miles before I shook him. Man, dude can run! Sorry ol' chap. Next time I'll just say hi.
Adding to losing trades and (if need be), lowering your TP, _is_ hedging!... just a slightly different way of hedging... Having said that, i think he does both. Just whatever his intuition tells him is best for the trade on the day.
Bro the key to this method of DCA is having a big capital and a minimal lot size and modarate positioning. I mostly trade on gold so as an example, I have 2000$ account i use .05lot to enter a trade then if it goes to drawdown then another .05 lot at 8/10 price change/ a good possible nearest s/r. I fo this until 3rd position is opend then if i need to open 4th position i look for some extreme drowdown point. Like this 4 position is enough to make gold go into profit or brake-even. If something worst happenes after 4th position i just let the chart play on its own and without an absolute confirmation i don't try to open a 5th position.(This type of worst case happend with me 1 time only when get a max 900$ down).
pretending like 1:1 mean reversion trading will blow your account is delusional. Sure, the dca/pseudo-martingale for sure will blow the account eventually, but not the second strategy, though.
Nick, I really want to appreciate you. 3 years ago, I started trading and have failed consistently, I never seemed to understand the market to its full potential until I started watching your videos, and I heard you say one word "INTUITION" It suddenly clicked. Now I understood why even if I drew lines and rectangles on a chart I could never profit from it because I hadn't gained the experience to know when to draw them, and when not to draw them, the angle of the shapes, how the market interacts with it for me to make a trading decision. The subjective things involved that can't be quantified. Currently I'm almost done developing my edge. I have seen insane progress, and hopefully one day, I get to be among the consistently profitable traders.
Should be the least of your worries. It is only obvious that any video needs to be proccesed before release, if it is to be clear and coherent. While recording one may need to rephrase or erase sections that did not come out as intended
I am, but you gotta try it first in demo and study exactly the lot size you'll be using depending on the size account and how many pips in difference each entry will be, but yea, you can be profitable
Bro the key to this method of DCA is having a big capital and a minimal lot size and modarate positioning. I mostly trade on gold so as an example, I have 2000$ account i use .05lot to enter a trade then if it goes to drawdown then another .05 lot at 8/10 price change/ a good possible nearest s/r. I fo this until 3rd position is opend then if i need to open 4th position i look for some extreme drowdown point. Like this 4 position is enough to make gold go into profit or brake-even. If something worst happenes after 4th position i just let the chart play on its own and without an absolute confirmation i don't try to open a 5th position.(This type of worst case happend with me 1 time only when get a max 900$ down).
yes it does - i been trying this and when i followed the way all the woo woo guys tell u to analyze everything and use 5 different indicators, i was barely 60% win rate... Doing this DCA method, i am 78% win rate. It works! I haven't lost a single trade in 2 weeks! 😮
If an individual can beat the market by outputing a high % of profit each month why don't banks hire him to manage millions? I've been activelly learning day trading and that thing is what bothers me a little about the credibility of making that high % consistently
right!?!? I keep thinking it's too good to be true!!! There must be a trick or somethin i'm not seeing? Like, perhaps the broker doesn't allow something? or perhaps i can't afford to keep making new trades on top or an open position?.... Since i've adopted Nick's method (2 weeks ago), in testing, i haven't lost-lost a single trade!!!! 🤯 It's nuts!
Follow all my analysis using the concepts in the video for free, in my free Telegram :) t.me/+TDVdM80j9lGfaWiP
Dear Shawn,
Thank you for the video. I frequently trade using the DCAA strategy and often add to losing trades. While I don't have a strict rule for when to apply DCAA, my general approach is to add if the position moves at least 5% against me. In highly volatile markets, I tend to wait for a 10% move before adding. I have a question: Do you have any recommendations on the optimal percentage for DCAA, or does it always depend on market conditions? I primarily trade crypto.
Thank you.
Can I follow your Discord channel without having a Telegram account?
I never get tired of watching you do these random replays. It would be so easy to edit out the parts where the trade doesn't play out, which is what most UA-camrs probably would do. You keep it real, and I respect you for it.
This 40min felt like 4min, such a good video. Thanks Nick
Cool, no visible indicator no drawing ..... God bless you for sharing
Hey Nick, One of your best videos. Clear concise and without the B.S. Lots of value here for the trader struggling with learning this business. Thanks.
You can not explain that any clearer. Nicely done.
You are the only finance channel Im still watching Nick. Your videos make me very uncomfortable because they are the anti-thesis that help people think critically. Keep it up man
right!?!!
Love the honesty you give away within your videos. But ... I am really concerned about your coughin. Hope everything is ok at your end with it. Please take care!
Hey Nick, I’ve been eating up your videos lately and I’ve been really enjoying them. I started a demo account and have been doing TradingView rewind practice and have managed to be profitable, but need a lot more time practicing reading charts.
Can you have a more extensive video on how you personally read the charts and what things you look for and see? I want to train my eyes better.
Thanks!
Brilliant! BTW lot of gossip on online forums about you not showing your actual statements to prove your P&L...when do you plan to make a video with that info ?
I'm gonna give currency futures a shot. I don't see many people talking about that
Nick's explanation definitive edition 👍♥
Watching your videos feels like trading is art.
Dear Nick,
Thank you for the video. I frequently trade using the DCAA strategy and often add to losing trades. While I don't have a strict rule for when to apply DCAA, my general approach is to add if the position moves at least 5% against me. In highly volatile markets, I tend to wait for a 10% move before adding. I have a question: Do you have any recommendations on the optimal percentage for DCAA, or does it always depend on market conditions? I primarily trade crypto.
Thank you.
NIck, if you want much shorter processing times I recommend recording or rendering your videos at a lower resolution/bitrate as the video file size will be much smaller - allowing the processing time to only be about half the length of the video time!
Quality video, one of the best in a while.
Thank you.
Nice Video! USD/MXN looks 👀 like a good short💵
What tool does Nick use to run this test?
Hello Nick can your strategy be used in lower TF?
I feel like u trade mean reversion in a different way. I am a member of your telegram channel and seeing you trading mean reversion there is pretty different. You typically wait for overextended markets.
What about futures?
im a fan !
Thank you 😊
Video works now
should a renko chart not be useful in dollar cost averaging?
Your beard just broke a major support zone
Marvelous! More and more i find myself telling ppl about your way of trading (when i'm in different discords and eveyone is trying to 'analyze' which way the price will go) ! ! ! !
Your way of teaching is PERFECT for someone like me and the fact that I can get it for FREE.... well, you have my eternal gratitude!
^ COMMENT FOR YOUR ALGORITHM BROTHER! + 👍'd and Sub'd
Why are you not wearing a shirt? 😂 Seriously, thanks for the great content! Keep it up!
We've seen some big trends lately.
When you enter a trade again to manage risk : Do you immediately stop both trades just to stay break even on the trade or do you sometimes let it run further in profit ? Without being greedy , just technically!
👍Thanks, Nick👍
≈ 13:45 - Hang on... can you _do_ that (keep adding 1k lots) if your account only has $1000 in it?....
Theres alot robot or EA to do this dca or martingle method .
Hey Nick. I'm looking forward to you plaiting that mega beard.
Thanks Nick ! After trading for about 2-3 years using BS courses I lost a lot ... I decided to start from scratch after a long break from trading using the DCA method and a very small $20 account because I'm doing this for experience and not for profit and I'm happy to say that using the DCA approach with no stop loss I have grown that $20 into $35 in a little less than 2 months in the crypto market... DCA is definitely the way to go for me ! Thanks again brother !
I hope you will get healthier
Thank you Nick Shawn. I did not become anywhere near profitable until I started watching your videos
Same! Still a bit inconsistent but I’m like 10x better than last year.
@@Great_Scott_95brothers can get a little summery of you guys trading strategie? 🙂
is dollars cost everging is better then other 2? please reply
I thik it is but there is another way of thinking to it , its like if your broker allows to open hadged positions then try hadgeing where your stoploss might be , then if it goes further down then at a suitable position take out profitable postion and also open anather alternative postion (nothing but avareging) then cancel out at brake even. Then you do have some profit.
I bet that beard has its own funded account, with 500:1 leverage… absolutely tremendous!!
I saw Nick one day at a Wal-Mart and I walked over and without even saying hi, I pulled on his beard until the rubber band reached maximum range. Then I let go... SSSNAAAPP! Yeah, he was pissed! Chased me for over 3 miles before I shook him. That dude can run! Sorry Nick, next time I'll just say hi.
Haven't laughed that loud in a while
You meant a low win rate
Agreed! He has a tremendous 500:1 beard, LoL! But ya know, one day in a grocery store I saw Nick, but instead of just saying hi, I couldn't resist the temptation to pull on his beard until the rubber band reached it's maximum stretch point. Then I let go... SSSNAAAPP!!! Yeah, I got chased for well over 3 miles before I shook him. Man, dude can run! Sorry ol' chap. Next time I'll just say hi.
Hahahaha
what about using 2 of them?like dca and hedging?
i think that is exactly what Nick does - he sorta combines everything depending on his intuition (of 6+ years experience)
These are all fine.but why u don't hedge anymore?
he does
Adding to losing trades and (if need be), lowering your TP, _is_ hedging!... just a slightly different way of hedging...
Having said that, i think he does both. Just whatever his intuition tells him is best for the trade on the day.
The first two are guaranted to blow your account
The third one will incur some serious losses "The trend is NOT your friend"
The trend is your friend until its not.
With low risk, you will rarely blow your account.
Bro the key to this method of DCA is having a big capital and a minimal lot size and modarate positioning.
I mostly trade on gold so as an example,
I have 2000$ account i use .05lot to enter a trade then if it goes to drawdown then another .05 lot at 8/10 price change/ a good possible nearest s/r. I fo this until 3rd position is opend then if i need to open 4th position i look for some extreme drowdown point.
Like this 4 position is enough to make gold go into profit or brake-even. If something worst happenes after 4th position i just let the chart play on its own and without an absolute confirmation i don't try to open a 5th position.(This type of worst case happend with me 1 time only when get a max 900$ down).
pretending like 1:1 mean reversion trading will blow your account is delusional. Sure, the dca/pseudo-martingale for sure will blow the account eventually, but not the second strategy, though.
@@shuvod3425👍
Magnum opus
i wonder why you aren't trading the OG hedging strategy now-a-days
Nick, I really want to appreciate you. 3 years ago, I started trading and have failed consistently, I never seemed to understand the market to its full potential until I started watching your videos, and I heard you say one word "INTUITION" It suddenly clicked. Now I understood why even if I drew lines and rectangles on a chart I could never profit from it because I hadn't gained the experience to know when to draw them, and when not to draw them, the angle of the shapes, how the market interacts with it for me to make a trading decision. The subjective things involved that can't be quantified. Currently I'm almost done developing my edge. I have seen insane progress, and hopefully one day, I get to be among the consistently profitable traders.
something in your 🧠 'just clicks' right?! 😎
Good luck on your continued journey!
Why is the video not done processing? How long is it? It's been 16 hours
Good now
Probably because its 45 minutes and 4K
Another excellent video and knowledge shared, gained from many years of experience
Free Telegram Channel is now private.....same as always.....good luck all together
Private can still be free?
@@brianaltona yeh that confused me too - i think it just means you can't chat in there... You can view only.
Whats is going out with your breath? Are you ok?
I believe Nick has a mild form of Tourettes. The cough is a type of tick. It's more pronounced in this video for some reason.
Why is the video being processed?
Because that's how it works
Should be the least of your worries.
It is only obvious that any video needs to be proccesed before release, if it is to be clear and coherent. While recording one may need to rephrase or erase sections that did not come out as intended
is there is anyone in profit with Dollar cost evergaing method?
please reply
I am, but you gotta try it first in demo and study exactly the lot size you'll be using depending on the size account and how many pips in difference each entry will be, but yea, you can be profitable
Bro the key to this method of DCA is having a big capital and a minimal lot size and modarate positioning.
I mostly trade on gold so as an example,
I have 2000$ account i use .05lot to enter a trade then if it goes to drawdown then another .05 lot at 8/10 price change/ a good possible nearest s/r. I fo this until 3rd position is opend then if i need to open 4th position i look for some extreme drowdown point.
Like this 4 position is enough to make gold go into profit or brake-even. If something worst happenes after 4th position i just let the chart play on its own and without an absolute confirmation i don't try to open a 5th position.(This type of worst case happend with me 1 time only when get a max 900$ down).
@@shuvod3425overall you are in profit?
@@InR3Dwhich pair is goood for this DCA method
@@muhammadsajawal999 You can see all Nick's pairs in the video...
Not work
yes it does - i been trying this and when i followed the way all the woo woo guys tell u to analyze everything and use 5 different indicators, i was barely 60% win rate...
Doing this DCA method, i am 78% win rate. It works!
I haven't lost a single trade in 2 weeks! 😮
nice
Problem with video bro. Says still processing. Cheers
do you think 0.1 lots on a 1k account is too much?
Depends what you personally can afford to lose if the trade is invalid
Pretty too much if it goes wrong you don't have much space to take more positions
0.1 is my lowest my broker will allow. Started last week. So will see if I can keep the required patience
👊🏻😀👊🏻
On itt
Stil in process
If an individual can beat the market by outputing a high % of profit each month why don't banks hire him to manage millions? I've been activelly learning day trading and that thing is what bothers me a little about the credibility of making that high % consistently
First ;)
I've learned a lot about cryptocurrency advancements and want to get involved. I'm hoping to find a good mentor
Yeah, I believe investing with a professional is the optimal approach, as it mitigates the risk of significant losses. Did you truly know her?
Please keep your videos shorter
backtested...crazy how good this works
right!?!? I keep thinking it's too good to be true!!!
There must be a trick or somethin i'm not seeing?
Like, perhaps the broker doesn't allow something? or perhaps i can't afford to keep making new trades on top or an open position?....
Since i've adopted Nick's method (2 weeks ago), in testing, i haven't lost-lost a single trade!!!! 🤯 It's nuts!