This guy speaks truth finally this is the guy you want to be listening to seriously everyone most people online are full of crap you cannot listen to anything they say this guy is actually telling you the truth
I make 100% per day which is over 30,000% a year my strike rate is 97.7% on average I traded with an $100 account and now that badboy is above $400,000 I don’t pay Taxes and I always wipe my left shoe before I wipe the right one I also trade on an unregulated broker it’s so unregulated that it should be illegal at this point and also I like Pineapple on my pizza and the Milk goes in before the cereal…..Thank you.
This is why I subscribed. Thank you for helping me solidify my hunch that I should treat trading live an advanced savings account rather than a casino. 1-5% a month is an inspiring goal, as I have reached this goal before in my backtests., so the bit about ruining a strategy by trying to perfect it hits home. As an algotrader I have ruined too many humble (1-5%+/mo) strategies trying to create a get-rich-quick strategy. Thank you for this healthy wake-up slap. I can smell the coffee :)
Nobody makes 2% daily consistently for an extended period of time (several years). It has literally never been done. Plenty of videos of folks showing why that math is wrong. So either someone lied to you or they just can't do simple math. If you average 2% daily then you would be a multi billionaire after only a few years of trading 😉
thank you very much nick! alot of people wont understand what you just spoke about but will go to university for 4-5 years AND THEN get a job ......... why cant we apply that same patience in this CAREER
If you want I’ll send you my excel spreadsheet. I agree risk management is important. That’s why I haven’t had a 3% drawdown yet. I only risk 1% a day.
That guy hasn't been trading long enough to average 1% a day consistently. ... How do i know? Basic math. If he averaged atleast 1% a day for several years then he would be a multi billionaire, up there with the richest people on Earth...he would be meeting with investors of the likes of Warren buffet...not in this youtube comment section like me and you lol. He had some good years probably but he lying if claim 1% consistently for many years.Disgusting
@@ringchaser4488 I’ve been trading 13 years and in the last 2 years averaging over 1% a day. Calling people liars is wrong man. Never assume anything. You never heard of traders like CIS who turned $30,000 into $300 million? Anyway, never assume you know another persons life. It’s wrong.
I backtest stuff over 12 years and it shows 45 degree equity curves only to fail once i put it on a demo account. I've finally got 2 algorithms now that are profitable over long term use. One strategy is really good doing 8% per month and has been like this for 2 and a half years with only 18% drawdown and 3.07 profit factor (71% win rate, 10.23 average win pips, 7.08 average loss pips). Another strategy is my own making 2% per month and currently has a 2% drawdown and about a 1.6 profit factor.
Leverage is a very important factor to consider in this situation. A good trader with big leverage can make 1% easily just in high volatility times of the day by catching a 0.5-1 pip move.Obviously, after X years you will hit your retail broker barrier which usually is between 100k - 1M $ were you cannot leverage to the broker ratio, making it impossible for you to keep exponentially growing the account, making only a % of that cap in every trade. But anyways, making 1000 to 10k per day is big money for many people.
My bad days are 1%. My regular days are 3-4%. Yes, it's possible. I guess I'm just a badass. It took me two years of figuring out my strategy and psychology but this is what I've been doing for the last 12 months.
Distributions in terms of wins and losses are completely variable, meaning you can still lose even if your analysis is correct, it can happen but most times it's a distribution of wins and losses.
Hey nick, what’s your average monthly return since you’ve been profitable? Curious as to what it might be, I’ve been somewhat profitable for 6 months now and average around 2-3% a month.
I agree with Nick, 1% a day for the year is 365% annual growth on the account. A 10k account in 5 years with 1% a day is 22 mil account balance and in 10 years it is 47.6 bill account balance. Which seems to make the case that it's highly unlikely for someone to achieve that or all the pro traders that been trading for 7+ years now would be millionaires and that's not the case.
I have a funded account 200k.. I trade gold and most days I would make 1k-2k with 20 lots. That’s 0.5%-1%! a day. 5 trading days out of a week, 4 weeks. Some days I’ll make 3-4k but I’ll take what the market gives me. I’m intraday trader. This past Friday was the biggest trade I have ever done I bought at 1872.89 and price went to 1929.. i had made more than my salary from my job in a day!!! I stayed up all day by the way I could’ve believe it. So yes it is possible if u have a big account and catch 10 pips small moves per day and walk away and not be greedy!
If I make 3k-5k a week, I’ll walk away because I use to make 3-4k monthly from my job and if I make 8-10k a month I’m happy with that I just started trading march. But I lost so many nights of sleep and family time and going out to achieve my strategy etc.
But I do lose. So that’s why I can make 15-20k some months but I do lose and I’ll only withdraw 8-10k a month. 5-6k on a bad month… but I make more than my job and I can cover the bills and groceries so I’m ok with that. The reason some traders make 20-30k a month is because of the big lots and leverage they have… you can easily make 8-10k a trade with 100 lots with a 5-15 pip move and that’s what some do. Some even make more but they follow the trend and swing trade.
You can make 1% profit per day if you have strong emotions and stick to the strategy of 1:1 TP to SL. And compound if you r in loss like risk 2% 1:1 again.. I’m making it for the past 15 days… I want to continue…
Sure buddy, keep believing 😂 Good psychology only makes you as good as a bot. It doesn't magically turn your crappy trading system profitable. Hit the spreadsheets, crunch some numbers, and take yourself and this industry seriously. Your comment screams "I'm a dumbass".
@TraderNick don't forget about liquidity. Once you start getting up there, there is only so many contracts to buy. Dow jones futures only trades 100,000 contracts per day
I want to disagree with you on this. Open an account with any broker of your choice. Let me have the password and if I do not double the Amount in 2months which is far beyond 1% a day I will personally give you my own 200dollars. But if I am able to double the Amount in two months you will give me all the profits made. Let's have this bet please
Love the content and your perspective on treating your account as an expedited savings account. I was depositing a good chunk of money every month and thats when it dawned on me that you don't need to put a strain on your account to make a decent return. Although I trade sub minute charts I only risk 0.1%-0.6% per trade. Learning and comprehending risk of ruin is what made me prioritize small consistent gains.
Depends on what type of trader you are, you can aim for 1% per day but not everyday will be a win. Roughly lets say 250 trading days even if you have a strategy that gives you 75% win rate. Your return on the year would be 100% which I do think is possible for the right trader. Long term the numbers would then flucuate because not every year would be a perfect market condition for you.
You should mention that taxes on capital gain will eat up to 50% of your "1% daily profit" very fast every year. People always forget to plan for this.
Bro, I get that it's not common, but you can definitely make way more than 1% a day. My mentor asks from us at least 10% daily. The thing is that these are unknown traders because they're not famous because they don't need to be. But making more than 1% is not that hard and you could do it without even needing to risk a full 1% per trade.
your strategy at the 13-minute mark with adding the percentages over 10 days is wrong. with those numbers you actually come in below 1% if done daily in that order. you have to take in account for exponential growth and losses.
Hey nick, I am a big fan of your content, integrity and honesty. I have question. We know that CFD is prohibited in US. So, what kind of forex trading allowed for US retail forex traders and brokers? What is the business model? Thanks in advance!
Sounds to me you could start out generating 1% a day compounding that will grow the account quickly. The problem then with that kind of an account would be tough to move daily as your account has grown to an enormous account. The best in the world are getting 30% because of their accounts have grown to an enormous amount. Chasing 1% with a small account is possible. Chasing 1% daily with an enormous account could be dangerous.
I came to this conclusion a few months ago while testing and optimizing my ea I was for the idea that you can trade without losing and was profitable for 6 months and when the losses came boy did they rain down lol, getting to 50% isn't exactly
i believe its possible to make 1% profit on your money in average / day. as long as you are consistent, ofc its easier at a certain $$ level. but i take trades of $22k or more at a time and ill usually make $300-$1000 on that money. and im able to do it everyday. thats already 1% of my money im trading. how ever if we are talking about my entire net worth yes, the more money i have it would be harder. but thats if you compound your money. i can do 1% /day on average on my $25k account every single day.
On average, 1% per day over a long period of time has never been done/recorded by even the most professional traders on an audited account, or portfolio Theoretically possible, if you had inside information!
I found this great, given I started becoming interested in trading by hearing swings that made 5% in a few days. Seemed like an interesting math game. So I developed the 1% a day strategy, which everyone assured me is easily possible. I know even now I’d take losses, but I’ve also created a safety net for that hurdle. However, all of this is contingent on whether I’m a profitable trader.
1% is a good aim to go for daily with a 1% or .50% risk . It can be done if your a scalper. Old school traders won’t understand that but it’s okay. You see traders are doing it now.
@@giwibrion3356 as long as your sl in danger is relative. I’m a 15 pip tp 10 pip sl type scalper. Risk .5 to 1% 1 trade a day. No set up no trade. So it’s all relative to me I’m ok with it to someone else it’s dangerous
Hi Nick, plz help me Iam a new trader, need help with a us broker I can open up an account with, I already have trust issues with many brokers, a lot is manipulated
Man, i was with you 1000% UNTIL you said there "maybe" sketchy shit going on in the US market. 😂😂😂 You kept it real until that line. Haha. But i get what you're saying.
I trade based on technical analysis, such as key levels of support and resistance, candle reactions at those key levels, and then I look for trading patterns on lower time frames. My trading rules are quite conservative, like taking trades on breakouts, placing breakeven orders for each trade, and setting take-profit levels. I've been trading in the forex market for 4 years. I have a question for you: Can we take more trades when setups are available while following the rules? How many trades can you say can be active at one time?
This guy speaks truth finally this is the guy you want to be listening to seriously everyone most people online are full of crap you cannot listen to anything they say this guy is actually telling you the truth
I make 100% per day which is over 30,000% a year my strike rate is 97.7% on average I traded with an $100 account and now that badboy is above $400,000 I don’t pay Taxes and I always wipe my left shoe before I wipe the right one I also trade on an unregulated broker it’s so unregulated that it should be illegal at this point and also I like Pineapple on my pizza and the Milk goes in before the cereal…..Thank you.
lmao!
@@faridulislam969 “Trust me Bro”
😂😂😂
I dont want peace, i want problems… always 😂
Is it even realistic 😂
This is why I subscribed. Thank you for helping me solidify my hunch that I should treat trading live an advanced savings account rather than a casino. 1-5% a month is an inspiring goal, as I have reached this goal before in my backtests., so the bit about ruining a strategy by trying to perfect it hits home. As an algotrader I have ruined too many humble (1-5%+/mo) strategies trying to create a get-rich-quick strategy.
Thank you for this healthy wake-up slap. I can smell the coffee :)
So you average 3% a month?? Sign me Up …
Quick scalping on 1 min charts can make you 2% daily easy but you have to be in front of your computer for atleast 4hrs straight
Nobody makes 2% daily consistently for an extended period of time (several years). It has literally never been done. Plenty of videos of folks showing why that math is wrong.
So either someone lied to you or they just can't do simple math. If you average 2% daily then you would be a multi billionaire after only a few years of trading 😉
If Sitting in front of a Screen for 4hr was an Issue, Then everyone would be Millionaires
Hell yeah you can. I’ve made 10% in one day. But yes. You have to be in front of your computer watching the entire time. My goal is 10% a day.
Non-compounding, yes.
thank you very much nick! alot of people wont understand what you just spoke about but will go to university for 4-5 years AND THEN get a job ......... why cant we apply that same patience in this CAREER
Excellent point!
By the way, I like your new Notes-taking style.
If you want I’ll send you my excel spreadsheet. I agree risk management is important. That’s why I haven’t had a 3% drawdown yet. I only risk 1% a day.
😂😂😂😂 excel spreadsheet ?! 😂😂😂😂 show us broker statements. You are totally delusional and firstly deceiving yourself.
An excel spreadsheet? So these are theoretical trades?
Excel spreadsheet 🤡, none of the scammers have verified track record. No one is interested in your excel spreadsheet 🤮
That guy hasn't been trading long enough to average 1% a day consistently. ...
How do i know? Basic math.
If he averaged atleast 1% a day for several years then he would be a multi billionaire, up there with the richest people on Earth...he would be meeting with investors of the likes of Warren buffet...not in this youtube comment section like me and you lol.
He had some good years probably but he lying if claim 1% consistently for many years.Disgusting
@@ringchaser4488 I’ve been trading 13 years and in the last 2 years averaging over 1% a day. Calling people liars is wrong man. Never assume anything. You never heard of traders like CIS who turned $30,000 into $300 million? Anyway, never assume you know another persons life. It’s wrong.
I backtest stuff over 12 years and it shows 45 degree equity curves only to fail once i put it on a demo account. I've finally got 2 algorithms now that are profitable over long term use. One strategy is really good doing 8% per month and has been like this for 2 and a half years with only 18% drawdown and 3.07 profit factor (71% win rate, 10.23 average win pips, 7.08 average loss pips). Another strategy is my own making 2% per month and currently has a 2% drawdown and about a 1.6 profit factor.
Can you tell me where did you backtest over 12 years of data and how u make those journal and equity book?
So it is really about having a good strategy? Not about trading psychology? I am 100 % convinced it is about the first part.
Leverage is a very important factor to consider in this situation. A good trader with big leverage can make 1% easily just in high volatility times of the day by catching a 0.5-1 pip move.Obviously, after X years you will hit your retail broker barrier which usually is between 100k - 1M $ were you cannot leverage to the broker ratio, making it impossible for you to keep exponentially growing the account, making only a % of that cap in every trade. But anyways, making 1000 to 10k per day is big money for many people.
Thanks Nick you’re the most transparent 👏
Beginners confuse 1% a day of your entire capital to 1% win from a trade
My bad days are 1%. My regular days are 3-4%. Yes, it's possible. I guess I'm just a badass. It took me two years of figuring out my strategy and psychology but this is what I've been doing for the last 12 months.
You are clearly the richest person in the world then 😂
@@dee23gaming Not yet because this is a small part of my overall portfolio. I understand that I'm human and I may lose this edge at any time.
I totally believe you.
4% or even more a day is possible, keep going and just ignore negative comments.
Distributions in terms of wins and losses are completely variable, meaning you can still lose even if your analysis is correct, it can happen but most times it's a distribution of wins and losses.
What if I risk 5% per trade and have an average of 18 trades a month with a 1:2 RR and a 50% win rate? ;)
I can relate to everything you say directly and indirectly. Trading is more than clicking buy and sell. Far more than unrealistic expectations
I’ve made 1.08 percent for 5 months
Hey nick, what’s your average monthly return since you’ve been profitable? Curious as to what it might be, I’ve been somewhat profitable for 6 months now and average around 2-3% a month.
I average 7 to 12% a month
Awesome stuff. One of the very few UA-camrs just telling it like it is.
I agree with Nick, 1% a day for the year is 365% annual growth on the account. A 10k account in 5 years with 1% a day is 22 mil account balance and in 10 years it is 47.6 bill account balance. Which seems to make the case that it's highly unlikely for someone to achieve that or all the pro traders that been trading for 7+ years now would be millionaires and that's not the case.
Even more when compound each 1+ is 101 you need another 1% from
The 101 that’s now 1.01
Next day would be 102.01
I have a funded account 200k.. I trade gold and most days I would make 1k-2k with 20 lots. That’s 0.5%-1%! a day. 5 trading days out of a week, 4 weeks. Some days I’ll make 3-4k but I’ll take what the market gives me. I’m intraday trader. This past Friday was the biggest trade I have ever done I bought at 1872.89 and price went to 1929.. i had made more than my salary from my job in a day!!! I stayed up all day by the way I could’ve believe it. So yes it is possible if u have a big account and catch 10 pips small moves per day and walk away and not be greedy!
If I make 3k-5k a week, I’ll walk away because I use to make 3-4k monthly from my job and if I make 8-10k a month I’m happy with that I just started trading march. But I lost so many nights of sleep and family time and going out to achieve my strategy etc.
But I do lose. So that’s why I can make 15-20k some months but I do lose and I’ll only withdraw 8-10k a month. 5-6k on a bad month… but I make more than my job and I can cover the bills and groceries so I’m ok with that. The reason some traders make 20-30k a month is because of the big lots and leverage they have… you can easily make 8-10k a trade with 100 lots with a 5-15 pip move and that’s what some do. Some even make more but they follow the trend and swing trade.
1% a day for a whole year is actually 3678.43% gain. Yeah... It sounds even more ridiculous. The power of compounding, right?
I'm watching this 10 months later and this has calmed me down, I have been struggling with pace and profitability... thank you
at least just until here, you are the only trader who speaks reality, hope to find more of them if they exist, thank you nick
Nick is a rare gem 💎 in this business.
Richard Dennis turned $400 into $200 million
You can make 1% profit per day if you have strong emotions and stick to the strategy of 1:1 TP to SL. And compound if you r in loss like risk 2% 1:1 again.. I’m making it for the past 15 days… I want to continue…
Sure buddy, keep believing 😂 Good psychology only makes you as good as a bot. It doesn't magically turn your crappy trading system profitable. Hit the spreadsheets, crunch some numbers, and take yourself and this industry seriously. Your comment screams "I'm a dumbass".
But $100 per day for 5 years can't still make you $1Billion, so, what logic did you use in your calculation?, Could that be compounding!?
yup compounding
$10,000 account, 1% profit per day, compounding each day
@TraderNick don't forget about liquidity. Once you start getting up there, there is only so many contracts to buy. Dow jones futures only trades 100,000 contracts per day
Food for tgought there. Really great video Nick, thanks
I want to disagree with you on this.
Open an account with any broker of your choice.
Let me have the password and if I do not double the Amount in 2months which is far beyond 1% a day I will personally give you my own 200dollars.
But if I am able to double the Amount in two months you will give me all the profits made.
Let's have this bet please
Love the content and your perspective on treating your account as an expedited savings account. I was depositing a good chunk of money every month and thats when it dawned on me that you don't need to put a strain on your account to make a decent return. Although I trade sub minute charts I only risk 0.1%-0.6% per trade. Learning and comprehending risk of ruin is what made me prioritize small consistent gains.
Depends on what type of trader you are, you can aim for 1% per day but not everyday will be a win. Roughly lets say 250 trading days even if you have a strategy that gives you 75% win rate. Your return on the year would be 100% which I do think is possible for the right trader. Long term the numbers would then flucuate because not every year would be a perfect market condition for you.
100% returns per year? Are you stupid? You'd be the richest person on earth in a short space of time.
Do you have a 75% winrate? And have you make 100% in a year?
Thanks Nick..Love your vidoes as always! most realistic man
You should mention that taxes on capital gain will eat up to 50% of your "1% daily profit" very fast every year. People always forget to plan for this.
Bro, I get that it's not common, but you can definitely make way more than 1% a day. My mentor asks from us at least 10% daily. The thing is that these are unknown traders because they're not famous because they don't need to be. But making more than 1% is not that hard and you could do it without even needing to risk a full 1% per trade.
What mentor asks for 10% daily? That is unrealistic
That’s cool but how? What’s the strategy owing to which one can make 1% a day consistently?
your strategy at the 13-minute mark with adding the percentages over 10 days is wrong. with those numbers you actually come in below 1% if done daily in that order. you have to take in account for exponential growth and losses.
This is where I need to start having a consistent plan 🙏🙌
Such an important video you have made here i have been guilty of being too agressive myself i have now officially converted to slow steady returns!
Ur very genuine man thanks a lot for being so humble and telling us the truth about forex
Any recommendations for leaning how to do a paper trading sir ?
Hey nick, I am a big fan of your content, integrity and honesty. I have question. We know that CFD is prohibited in US. So, what kind of forex trading allowed for US retail forex traders and brokers? What is the business model? Thanks in advance!
I have our together our options for us traders here: a1trading.com/brokers
Here in EastAfrica, uganda
Hello,how are you
No influencer talks about spread
Thanks for debunking myths
I trade small margins. Like - change of 3 cents on a $18 dollar stock.
I don't really believe in trading. I just subscribed because bro seems real enough compared to pretty much everyone else in this industry
Sounds to me you could start out generating 1% a day compounding that will grow the account quickly. The problem then with that kind of an account would be tough to move daily as your account has grown to an enormous account. The best in the world are getting 30% because of their accounts have grown to an enormous amount. Chasing 1% with a small account is possible. Chasing 1% daily with an enormous account could be dangerous.
but, if it is 1% per month, then why don't just invest in an index such as S&P500?? what the heck
The index averages about 7% per year, assuming a good period in the stock market
I came to this conclusion a few months ago while testing and optimizing my ea I was for the idea that you can trade without losing and was profitable for 6 months and when the losses came boy did they rain down lol, getting to 50% isn't exactly
That’s if you don’t withdraw though lol 2:55
Who will withdrawal if it can be doubled
1% a week is already very good and more than enough 😂😂
What about using monte carlo simulaters for predicting returns?
thanks nick you a real one god bless you
I look at 2% per week.
Thank you. Reality check
I do 1.7 % daily for three months now
Keep going, it is possible. Stick to *_your_* plan, don't listen to others.
i believe its possible to make 1% profit on your money in average / day. as long as you are consistent, ofc its easier at a certain $$ level. but i take trades of $22k or more at a time and ill usually make $300-$1000 on that money. and im able to do it everyday. thats already 1% of my money im trading. how ever if we are talking about my entire net worth yes, the more money i have it would be harder. but thats if you compound your money. i can do 1% /day on average on my $25k account every single day.
On average, 1% per day over a long period of time has never been done/recorded by even the most professional traders on an audited account, or portfolio Theoretically possible, if you had inside information!
@@TraderNickRichard Dennis
I found this great, given I started becoming interested in trading by hearing swings that made 5% in a few days. Seemed like an interesting math game. So I developed the 1% a day strategy, which everyone assured me is easily possible. I know even now I’d take losses, but I’ve also created a safety net for that hurdle. However, all of this is contingent on whether I’m a profitable trader.
Only trader on UA-cam I rock wit😎
new vid lets goooooo
Trading is exponentially more difficult than I
Imagined . I
Might be on demo
Forever lol
Get with me I can shorten ur learning curve
@@Jonathan-rr4fj.i want to learn
1% is a good aim to go for daily with a 1% or .50% risk . It can be done if your a scalper. Old school traders won’t understand that but it’s okay. You see traders are doing it now.
No one is doing it except for fake Instagram traders. I defy you to show me on such trader who's doing it with verified track record
scalper is even more dangerous. Scalping means risking small range of pips in a smal range of move.
@@giwibrion3356 as long as your sl in danger is relative. I’m a 15 pip tp 10 pip sl type scalper. Risk .5 to 1% 1 trade a day. No set up no trade. So it’s all relative to me I’m ok with it to someone else it’s dangerous
Eightcap! You forgot eightcap? 😢
Bro can you please keep your videos under 10 minutes, a humble request
1% a day? Lol never in the life, not possible to pull it off long term. Maybe average 5% a month but you gotta be really good
What's this music playlist behind the video??😎
0.0000000501 % per year will be good
Math debunked
Hi Nick, plz help me Iam a new trader, need help with a us broker I can open up an account with, I already have trust issues with many brokers, a lot is manipulated
webull
Man, i was with you 1000% UNTIL you said there "maybe" sketchy shit going on in the US market. 😂😂😂 You kept it real until that line. Haha. But i get what you're saying.
if you only take high probability trades, i believe 20% is possible. maybe only 1 in 500,000 can achieve this consistency though 😂😂😂😂😂
Up down and sideways...my wife has more personalities than the market...trading is easy
🎉🎉🎉🎉🎉
This is another great content...🎉
I trade based on technical analysis, such as key levels of support and resistance, candle reactions at those key levels, and then I look for trading patterns on lower time frames. My trading rules are quite conservative, like taking trades on breakouts, placing breakeven orders for each trade, and setting take-profit levels. I've been trading in the forex market for 4 years. I have a question for you: Can we take more trades when setups are available while following the rules? How many trades can you say can be active at one time?
You been trading for 4 years you should be able to answer that question yourself? If u see a good setup with high probability why not take it?
❤
Why are you helping us ?
Because I love this topic, and I make some money from ad revenue on UA-cam
Great Video.
Makes a lot of sense.👍
First viewer
Hey dear kindly reply
I like your content but your videos are way too long.
I try to be in depth rather than brief on subjects. I do tend to rant, but hopefully it is still helpful!
@@TraderNick
And that’s why there’s time stamp
With forex ts very possible. Everyday
The GOAT Forex video for me.
Busts my bubble 🫧 but makes my happy.
TIME TO UNLEARN THE LIES ‼️
The GOAT Forex video for me.
Busts my bubble 🫧 but makes my happy.
TIME TO UNLEARN THE LIES ‼️