Why I Regret Telling my Family I Trade - Reaction
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- Опубліковано 29 тра 2024
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NqMitch's full video: • Why I regret telling m...
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ayee thats me, Thank you Nick.
From yardie to yardie...Thanks for the video I'm going through it as well with my girlfriend...but we just have to stay focus and think about why we started trading in the first place...we'll get there trust me
made it on Nick’s account. 👏🏾👏🏾👏🏾 to you broo❤
I did the opposite I didn't tell or haven't told anyone except for my wife and I been Trading on my demo account and everyday I been making profit over 3-7K$ even if it's a demo account it's still crazy. Before I trade I make a plan on what I'm gonna do and how I'm gonna execute that plan, my risk management and when to close the position. I've been learning to trade FX for 3 months, I lost my job due to a back injury and everything since I been learning Trading , it's all a mental game I'm completely emotionless when I trade so one thing I tell you man you keep doing what you're doing because if you believe you can be successful it'll eventually become true, believe in God first and believe in yourself that you can do it. If you quit someone else will figure it out and make it. You got this bro
@NycAgent47 once you start putting real money at risk the emotions will come in, i wish started with a demo 8 years ago when i first started trading full time
@ToxxicMafia it can but you have to learn to control them and keep them out of your trading plans
That guy is very relatable, ppl don't care what u learn unless u have made money
The only time they do care is when you are rich in this game of trading man 😢
That part where he said he would risk his entire account just to prove a point is so relatable. It feels like my mother is rushing me into working, but I keep telling her that if I don't ever master this trading thing, I would never see the other side of life that could be amazing. I am very strict with risk management, so it is gonna be slow. Trading is the only profession with a bright future, because it's scalable. I don't like people, I don't have friends, I never dated, and there's nothing else out there for me other than money. But I need to approach money in a smart way. I can't just work random jobs I hate. This is my life. I will not squander it doing what the 90% are doing. If money is gonna be my sole purpose in life, then I should at least do it properly and efficiently (not trading 8-12 hours per day of my time for money). I do have a side hustle online, so I do have a form of income, but the problem is I'm gonna have to work permanent "night shifts" in my bedroom just to catch all the decent work. The timezones are crap, and all the action happens while I'm sleeping.
great approach, I'm also giving myself 10 years to trading, 5years solely on trading and if not profitable yet I'll add a regular job to it for the next 5 years. After 10 years I'll quit if I'm not earning average yearly income from trading
Once you’ve been trading long enough then you can see setup’s coming miles away and time zone don’t matter as much. Just gotta get ya limit/stop order game right. With time it’ll come though! Stay at it!
That’s why my ultimate goal once i have enough earnings is to travel somewhere far. Where no one knows me, so i will have a fresh start. Since not everyone u know understands the path u are taking, so it’s better to build it alone than be with the people who always questions u
I’m working the night shift too- so I can trade NY session. I make a good salary but I rather make half my salary consistently trading than at work. I love this and will make it no matter what. Good luck
Never put all your eggs in one basket. I understand the drive and almost “need” to be successful in trading. It took me 15 months to get properly funded and profitable. Still have goals ofc.. but while doing that and still to this day trading is a form of additional income to me as I would need to make over six figures in trading to replace my day job.
Someday it will fully replace my day job. As of right now I’m an amateur.. the goal is to be a professional but I don’t act and pretend I am one. As in professional I mean doing it for a living.
Learn different skills, work, and have the discipline to do so while trading. With that said you sound young so you may not have a family or bills to take care of which in that case I’m envious lol I wish I started this when I was younger so take full advantage of that I suppose.
Crazy but this is so common. Always keep your goals and plans to yourself. Many ppl cheer on your downfall but you have to keep pushing
As a man with Jamaican parents your first mistake was telling them anything that isn’t lawyer or doctor. They refuse to see anything else.
Just tell people you work online for a finance company. Tell them you design systems that spot patterns to boost profit
Lol i tell them im an accountant. I cant bother with the explanation or discrimination when i say im a trader 😅
@@Jermainelamar I tell people I´m a Market Maker, at an investment bank lol
Never let them see you coming. Most people think trading is gambling they're used to being in the employment lines...
Everybody gambles, everyday. From the moment they're born. Punching a time clock everyday is no guarantee.
@@howiescott5865 here in west Africa they work for the government for 35 Year and don't get paid their pension. I'd rather take my chances in the Forex market.
Trading has been the most Emotionally Beautiful Learning Experience ive ever had in my life
It's better to keep some things to oneself. Not everyone is supportive of your endeavors.
💯💯💯 definitely learning this
learned the hard way
When it comes most to parents, in trading, you kind of have to disappoint them before they start getting proud of you.. and that's just part of the journey. Its like seeing yourself winning before anyone else starts to believe in you and when you finally make big money you'll get those "i always knew you were going to make it". We just have to know how to filter external noises.
Not in trading.. doing online business or anything that will deem you self made.
This video hit home.The fact that this young man has that much discipline, understanding ,and positive outlook on what he's going after despite the negativity and uncertainty coming from all angles including the doubt he had within and brush all that off just shows the traits of a winner!
U hit everything spot on Mitch and all I can say bro is keep going 👍👍
I've definitely been in his position. Offered to pay a family member mentorship fees to learn it (accountability partner) no one showed up. Sent my first 5k then 10k picture in the family chat everyone had they hands out. That being said I speak to them from a distance now!
Sucks
This is honestly very relatable. I never told anyone in my family that I trade until I started making money
To add onto this, I don’t recommend anyone quit their job to trade full time until they are making money. It puts too much stress on you and doesn’t allow your edge/system to play out in the market.
i quit my job after saving money and do trading, i earn 70-80% of my monthly salary doing 3-4 trades per week. but its very stressful doing this knowing i wont have a paycheck coming from a stable job, the thought of ill be negative pnl someday is scary. i decide that i will go back working as employee next month and do trading part time.
when i started learning how to trade, i told my dad and mom. mom was supportive but had her criticisms, dad told me he doesnt want me doing it at all. so naturally i continued and i just hide it from them as much as i can. im in so deep now that i cant be discouraged by any person, ive seen the light at the end of the tunnel. i have seen how it has improved me as a person. i have proof now to back up my dreams to become a pro trader. im so glad i kept it to myself...
thats my advice... tell your family about this venture you are going into and if they discourage you, keep it low key and make it seem like you quit. this is your life, you are the captain. you may be guided but you cannot be dictated. stand on that.
Nick, you made me tear up when you mention the support you had from your dad help get you where you are. I wish I had that but even though my daughter is 31 yrs old I still encourage and support everything she wants and works for. This resonates more than you know. Thanks Nick
Ha ha ha.... I used to work in a car garage as a mechanic. Now adays am trading and earning from tradingI don't go to work in garage so Daily my mom comes and say why are you not going to work. How your life be without work. I keep telling her I am working but she didn't see it
Same here with my family,i can't lived with them i just leave home,they dont understand the way i work and give me hard time
Kids nowadays are lucky, i am 50 and just started investing. Back then we dont hav tiktik or yotube, so nowadays you can learn everything on the net. Best wishes to you boy. You going to suceed keep husteling
I suscribed to both of you best wishes
Love your videos ❤ please don’t stop posting
His story in the video and his pinned comment is almost identical to mine.
It feels somewhat good when you know you're not alone in this.
Factz
It's been a long time since you made a reaction video... really missed this!
edit: I've watched his video actually... agree a lot, especially since I had a family when I started trading, which made the struggle even harder...
i saw this and thought it was a great video. I feel exactly the same, It's tough to tell family about trading.
I had to do a course and get employed at a hospital just to fool my family, now I'm trying swing trading just to easen the pressure from my family
same here
Same here man, same situation as most people in here. I hope you're an expert with the Fibonacci Retracement Tool
They put on a nice ass evil smile when you down on your ass but when you up and winning they angry asf, best to say less when you winning or losing
I regret mentioning it to anyone. Because you’ll be going through losses then they want to ask about it 😂.
i was so lucky, my husband and sister were 100% supportive of me. They were my rock that got me through all the up's & downs of trading. They just always had faith in me from the very start.
Are you profitable now may I ask?
@@morenabohlale8615 i am, took 3 years of hard work but i am
Beautiful 💚
Beautiful video. Very relatable
Its just facts people rather see you at their level or down on your ass, it makes them feel better i believe. This is why most successful people are hated for no reason. People just dont like it when you at the top like that wnba player who got first round #1 its all hate cause she got that top pick. Same with all the others first they hate ya then they love ya
This is exactly why i haven't told anyone about my trading, we talk about economics all the time but i never mention my trading career because of this nonsense.
Thankyou so much
I can relate breakeven for the past month. When brother in law asked me I said breakeven for the week and I can tell by his facial expression ugh 😂
Thank you for speaking in behalf of all of us traders! I really hope many dads watch this lol Keep it up Nick!
Those who can, trade. Those who can't, hate. Isnt that how that phrase goes?? 😂😂
Before watching i assumed his family would ask him for handouts. Somehow this is worse lol
Yeah I can relate to this. Now I just tell people that I work in financial analysis in the commodities market
😂😂😂 very informative thank you
Wow!!!! I coincidentally watched this video like a few weeks ago. Crazy
I don't care what other people think of me or if they judge me. These are the kind of people that get satisfaction by seeing others fail and love company when they themselves fail. If they prefer a fixed income or if they're subordinate to others, I won't judge. These kinds of people also... dislike seeing others succeed. I've made a lot of people smile from my many failures but now I'm smiling and they're not. 😎
Crazy I seen this vid before and I relate
I hope he stays positive...
Nice video!
A man who has heard his hungry child crying for food he couldn't provide doesn't give a damn about what you learned today because it can't feed a family. Put your pitchforks down, Im also a trader, and my father wasn't that excited about it either. I tried to consider his perspective. He had a family at a young age and got a good job. Lost it when the economy tanked. Lost our home. Lost everything and had to start all over. With a hungry family in tow, he had to produce, and that's the bottom line. A hungry belly doesn't wait until you figure out how to make consistent income trading. It was easier to understand when I considered these things. He was just worried about me. He wanted to make sure i could take care of myself and not experience that same trauma. I'm very thankful to him for providing a life comfortable enough for me to be able to take those risks and learn these skills. Know your emotions are valid regardless of the situation, I just wanted to put this perspective out there.
If I don't try to do two jobs for income, I think none of my family members will support my trading career. Stressed with jobs, stressed with losing more than wining, stressed with ideas maybe I will not win, I cannot earn money from this industry. Really really hard.
When they ask you keep it short like “It’s going well” If you’re like me tell them straight up I don’t want to talk about my trading/ business.
The exact same people that shit on your dreams are the same ones that will ask you for money when you achieve them
I don't regret telling my family I trade/invest. Most of my extended family view as a degenerate gambler and I get berated because I don't have a financial degree, let alone a college degree at all (I'm a college dropout) along with not having work experience in the finance sector. Little do they know, I've been profitable since I started in 2018 and it's been quite the journey as a trader/investor. I don't talk about what I'm up to these days because I'm on an island alone, nor will anyone understand the reason why I trade/invest.
Long story short, imagine working a 12 hour shift doing security work in Afghanistan for $160 a day as a veteran with no college degree (I sucked at academics), working dead end jobs back home while living in a job market that requires a college degree/being paid $20 an hour for manual labor, and having no support other than your siblings (lost both of my parents).
So yeah, I love what I do and I don't let the haters faze me because I have no regrets trading/investing.
If you arent successful yet or still trying to find your way in. Theres nothing wrong in working a job and trading on the side till u get consistent. Its not a this or that, u can do both...
If u feel u cant work cuz u gotta watch the markets, then u already got the wrong approach... u shouldn't be looking at a screen all day.
For eg, i can get up at 2.30 am eastern, look at the setups when london opens at 3 am... i can make some bread by 6 am and head to work... if u dont catch anything. U still win cuz u didn’t lose money
12:15 this is too real
I found myself in his boot
Nick, your trading view sign needs repairing 😂 what heppened to the 'g' 😂
We are in Atlanta after all. Tradin' view 🤠
I think people don't care about those emotions in trading because they never have to directly confront those emotions. They are never forced to change for the better unless they're going through a tough time and make an actual mistake in their own life.
Omg exactly my situation
Yes, I can relate my blood sister said I can't make it so Baaaaaaaad.
Bro my father did the same thing to me damnn word by word🤦♂️
I can relate to everything he said
Never chase the market and also the best advice is stop looking at charts for weeks or months to refresh your mind
I get where he's coming from. Realistically though, if you're not consistently profitable to the point that you can pay the bills, then it's a hobby.
When it comes to trading, the people closer to you won't support you, even telling you to give up on this illusion or laugh in your face. If you had said any other business than trading, they would've show support and help you reach your goals. It's heartbreaking they won't even try to help you but bring you down just because its "trading".
The song WHO I AM by Alan Walker...represent this situation.
Good to know other engineers swap to trading as well.
I blew my 50k funded account. My dad laughed in my face. I don't take it personally. My goal is to retire my parents. So all I can do is keep going and keep it in mind and spirit.
Currently in this position, I failed second year engineering and im pursuing trading again for that freedom, I lost all passion for engineering and I want to pursue trading no matter what it takes, I regret telling my parents...my dad told me I would have better luck winning the lottery than succeeding in trading..I remind myself of that every time trading knocks me down
Actually what people do not understand is that all parents want the best for their kids, it is hard, but fruitful, take time, LEARN WHAT MATTERS and become someone, it takes time, but belive me, it is good
❤
I feel for this guy but that’s the way it is.
Me watching Nick on 1.5x watching this guy in 1.5x😂
😂
@@olawaleolaitanezekiel9411 same!
😂
Me 2xing it 🎉
True
I just say I’m an investment banker for a private equity firm
Family not the problem…. You the problem ☝️
Eh, if you spent a whole week without being profitable and you’ve been trading for 3 years, you’re doing a disservice to yourself. Profitable traders understand you’ve got to lock into every aspect when you’re committing any time to the market. Outside distractions is always going to be there and at the end of the day, those people giving you a hard time are more than likely who care about your well being. It’s better to have them in your life than to have nothing. The process is all that matters. The end goal comes when you’ve earned it.
Same regret
There's nothing wrong with working a job even a part time while also trading on the side. Depending where you live 1K a week is not enough to live comfortably. and as parents who already don't really understand they just see it as you wasting your time.
Traders will lose money for a whole week and then say “BUt i LEarnEd SOmEtHing boUt mySelF” 😂 get real brehhh
Same shit happening to me
I wish I could like this Video 1000x
$1000 a week. Hot damn thats a dream for me
Some family members are a joke, I bet if he told them that he was selling drugs on the street, they would be more supportive.
Only point you made here was outing yourself as a racist
trading has such a bad name, i have a breakeven week and i feel like my dignity and image got stepped on and that is break even, let alone losing, they would destroy me completely.
You need to tell your family how much your making..... 😂... they only care about $$$$
Entering third year now,still nowtmake money.overall loss $1000
Yes, many people will celebrate your downfall. Vicarious is the word. Or if I borrow from Boston Legal, it's the SchadenFreude, or something like that. But the important thing is to not let it happen. And what I discovered for that to not happen is, do not tell anybody about what you do. They won't know where to attack if they know nothing about you or what you do.
Bro literally nobody cares about any of your jobs. I literally don’t care either. There’s a million of us breaking even, when lambo son?
dont feel regret since you even are profitable....... i would laugh at their lack of discpline and being limited and mediocre.....they had years lot of years to be in your place to be succesful but they stayed in their comfort zone .... you should feel pitty for them because they live in a cage....i cant wait to make big money to reverse what they say to me...i remember each one what say to me and its time for the big slap roast of shame level 9 mil dark sarcasm
As someone who is in his 40s, I can sympathize with his parents. The young man lives with his parents. They want to make sure he can sustain himself because they won't be alive his entire life.
He should get a job doing something he enjoys that is sustainable right now. He can continue learning the trading game while working. Once trading starts matching his income from the sustainable job, then quit and trade full-time.
agreed
Spoken like someone who works a 9-5 which there’s nothing wrong with
Oh yeah. Don't tell them when you make money. Stay quiet.
I ta+fa+sa but still struggling to put it to work in real account.
This guy swinging his hair as if he's good-looking 🤢🤢🤢🤮🤮🤮
No need for that disrespect.. move on
Luckly for me I come from a family of traders, investors and entrepreneurs!!!! Still not easy though!! Love the content NIck
Tradernick is oanda supposed to ask for ssn and bank statements when I sign up
Yes, regulated brokerages has a strong KYC policy
I said them im doing this for giggles and shit and profit is just an extra but they are still jealous when i rock the profits lmao