The Simple Trading Rule That Improves Your Entries
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- Опубліковано 6 гру 2021
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I share a simple rule and some steps to follow to improve your trade entries.
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TRADE ENTRIES:
When you find trade opportunities, do you debate if it will be a profitable trade or not and get stuck hesitating whether to open the trade? I'll share a simple rule and some steps to follow that will solve this problem and improve your trading.
After all these years I can still enjoy the videos like I did in my first day when I found the channel. Well done Duomo team and thank you!
I just wanted to say thanks to you.... Nobody has influenced my trading psychology more than you.... Keep doing what you are doing...... Love from India ❤
Thanks Sarul. I'm happy to hear the videos have been helping!
~ Nicholas
Golden Information! Love it! :) I liked this words:
Do your Analysis System and when Faced with a Potential Opportunity... YOU SHOULDN'T BE ASKING YOURSELF... Will this be Profitable???... YOU SHOULD BE ASKING YOURSELF.... Is This an Opportunity According To My System??... If it is an Opportunity -> YOU SHOULD ENTER THE TRADE!!! Using Whatever Process YOU USE For Deciding The Position Size, Stop Loss and so on!.
In any Skill The High Level Performers are People whose Execution of the Skill is ...INSTINCTIVE but NOT IMPULSIVE... and allowing Yourself to just be able to act in the moment like that... will come when you're well prepared enough to be Instinctive, BUT IF YOU ACT AND REFLECT AT THE SAME TIME you're only going to end up with decisions that are impulsive!
>Wise Words< | Salut my friend! 😉
This was extremely helpful and laid out very well. Thank you. I notice that I’ve become pretty good at reading the charts consistently, but my entry timing needs work and I’ve been acting and reflecting at the same time.
your channel is so underrated, no wonder why 90% of traders lose money.
Fabulous concept. Thank you Nicholas.
Brilliant video.
Thanks Nick.
Remarkably kind of you to share this wisdom. Thank you man. Sincerely.
Thank you Nick! I loved the interactive part
Glad you liked it Kifle!
~ Nicholas
Absolutely fantastic video. Helped me a lot. Thanks so much ✌️
This is the best trading channel yet
great game and content thank you for these videos
Fantastic Video!!
Great video - Thank you
This is my first video from your channel and I've to say, I'm quite impressed. 💯
Thanks Akash. Hopefully you'll stick around!
~ Nicholas
All this good stuff for free. Nick you're just too generous. Thanks.
My pleasure!
~ Nicholas
Great vid.
Beautiful!!!
You've literally got a video on every stage of trading I've been on. Wish i found this channel earlier lol
The fact that I recognise what markets you have on screen is either a gd or worrying factor aha. I did enjoy the interactive element. I’d be happy to see more. Great concept cover and overall great video Nicholas!
I think it's a sign of madness Big Mac. Time for a break!
~ Nicholas
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now, this is something new to me......thanks
Thanks Nicholas for sharing this nice video with us. Plan the trade and trade the plan is a phrase I learned a while back that I try to stick by.
Good advice!
~ Nicholas
@@Duomoinitiative well, in all honesty, I learned to memorize the phrase. My last 3 trades yielded 100% gains but my problem is I didn't sell and held only to watch the gains wipe out and then some. Per reflection notes, I plan on exiting future trades at profit no matter what.
Thank you bro. Love from India🇮🇳. I'm new to your Channel. I'm addicted to watch you video😍. Lot of things I'm learned from you Videos😘
Welcome to the channel! Hopefully you'll carry on learning new things here.
~ Nicholas
Dear Nick, you are absolutely AWESOME, I celebrate your Success with you and I wish for you all the resources mentors situations circumstances and events that will lead to you attaining all your dreams hopes and desires both KNOW and UNKNOWN
Thank you! Very kind of you to say.
~ Nicholas
LIKED AND SUBSCIRBED! BECAUSE IM LEARNING A LOT FROM YOU! THANK YOU!
Thanks Jhoan!
~ Nicholas
Thanks man ! A distinction between impulsive and instinctive is something I was struggling with .. I still am to be honest . But this approach seems nice . Another worthy probability to try . 3, 2 , 1...go 😜
Being instinctive rather than impulsive comes from being extremely well prepared. Drilling your system over and over again in a simulator, just like you'd do for practising any other skill, would really help.
~ Nicholas
@@Duomoinitiative Yes Nicholas , trying the same . Couldn't afford an actual simulator as of now but I am working alot on charts and developing a trade plan . Taking time and losses for now but all within affordable risk . Thanks for the reply 😊
nice one
"Is this an opportunity according to my system?" Excellent question. That's what its about indeed. Also, that question can be answered perfectly by a computer program. I would advice creating your own trading bot for this.
Absolutely true! The only issue with creating trading bots that profit consistently is having them be able to adapt to the ever-changing context of the market. That's not something most people can develop.
~ Nicholas
Hi nick. Do you have a list of probability on each RR?
i got all of them
good
Trading in The Zone - simplified.
@the duomo initiative what does it take to learn from you
Not "instinctive" but "INTUITIVE"... Intuitive trading is the final step of a trader development. That's the black belt level. I don't think anyone here will achieve this level one given day... because the one who wants to achieve this level has to suffer a lot before.
This is how I did with my risk management of 0.5% per play with 1000$ capital. Risking 50$ per play.
I lost three times = 150$
I won once on a 2RR = 100$
My total loss is only 50$ but I took the all for having a good risk to reward
Sir, I risk 2% per trade with a $1000, each trade I risk $20. If you're risking $50 per trade you're risking 5% of your capital. Too much imo.
I risk 1% now that I’m more confident. I meant to write 10 000$
Is is possible to timestamp your videos by section?
I know the profitable setups which actually works more than 70-80% . But still I trade on my instincts or you can say I am not patient enough to wait for the conditions of setup . I just trade by looking at price when ut starts to move and just after taking the trade the price reverse. Could you please make a video or recommend if already made by you , why am I making this same mistake over and .it’s like I get hypnotised by the mkt moves . Is this psychological or discipline issue abd how can I fix this .
Thanks
Sounds like it's related to FOMO. We have a video coming up that covers how to deal with that.
~ Nicholas
Could you make a video on "How to not change your strategy" and "When it's the best time to change your strategy"?
For 'how to not change your strategy', does it relate to something you've been going through?
~ Nicholas
@@Duomoinitiative I'm always fighting the urge to "tweek". So in a way, "Yes".
i just entry if i choose triangle..
You are in the wrong bizz.. 😂 I have watched some minutes but i did not get what u want to do.. Should we trade or gamble😎
I didn't make a profit manly because I saw it as my trading risk management rules in my head lol...At least maybe that's why
You shoot your own b-roll too? Fair play
The major key point you did not touch on, keeping your losses smaller than your winners. This is the one thing that your strategy needs to be profitable always. If you allow your losers to grow to the same size as your typical winners you will be a loser at a 50% win rate, if you allow your winners to be bigger than losers your strategy is then profitable at a 50% win rate. This simple thing will allow you to use the strategy you just explained and actually make it profitable. Simple rule Cut all losers 10-25% , allow winners to run and always take profit around 100%+ profit. By take profit I do not mean close out your entire position but learn how to TRIM properly.
Nederlandse traders?
I won 2 times
i didnt win cause i did not take a single trade wtf haha i dont do well with pressure trading
Im BE lol
I actually won!! lol
Makes up for your runners up medal in Trader Wars!
~ Nicholas
@@Duomoinitiative Thanks Nick! If we ever have a sequel I'm definitely outperforming someone.
To be fair I took the three bets given the 70% Success Rate on the Triangle Symbol, So I lost there but it's in line with the point of the video.
1) No Bet
2) No Bet
3) Yes, €10 at risk
4) No Bet
Results after Triangular 70 % reveal :
1) Yes €10 at risk
2) Yes €10 at risk
3) Yes €10 at risk
#LOSS
I lost
Made a loss
0/5 lol
😂