Your Fear Is Completely Destroying Your Trading.
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- Опубліковано 19 лис 2023
- Trading is risky, and most people lose money.
My Free Telegram Channel is now private, and has over 60,000 members, and can only be exclusively joined at this link: t.me/+TDVdM80j9lGfaWiP
Follow my trades, get coaching, hangout with the MFX group: www.missionfxtrading.com
FTC/CFTC Risk Disclaimer - Please read this so you're 100% aware of the extreme risks associated with any type of trading and investing.
I’ve said for years and years and years - trading is extremely risky, and most people will lose all the money they try to trade with - even the people who follow the information I provide. Trading is a skillset that is difficult to learn, and I make it look easy because I’ve been trading for 7+ years. As with any high performing skillset in life, trading is NOT easy.
Your likelihood of consistently making money trading is abysmally low, whether you learn on your own or whether you follow the things that myself or others teach.
It’s like becoming a doctor, many people start pre-med and medical school, but only a tiny fraction of them succeed and actually become doctors. The average success rate of trading is even worse that that! Becoming a doctor is obviously not for everyone, and becoming a trader is obviously not for everyone, too.
I (and my company, MissionFX, LLC) make NO guarantees/promises/express direct or indirect representation that you’ll achieve any specific result trading, regardless of whether you’re following my free or paid content.
I’m just some random guy on the internet who is sharing what’s worked for me - I have no clue what will work for you because there are a million contributing factors that will determine whether or not you will make money trading.
Do NOT take into account any information that I share anywhere on the internet as the basis for your trading decisions. I’m not responsible for your success, nor am I responsible for your failures.
Read the full risk disclaimer on my website below, so that you’re 100% aware of the risks associated with trading - then you can make an informed decision as to whether or not you want to continue following any of the information I share (or continue to pursue trading in general).
HTTPS://www.missionfxtrading.com/terms - Домашні улюбленці та дикі тварини
Follow literally everything I talk about in this video, LIVE, every day - in my free telegram channel. t.me/mfxpublic
What is your take on trendlines being S&R? Someone told me about it a couple days ago
The ultimate AI trading tool goes by the name of
aihihouse
I found it using
.
In short: Traders rapidly buy and sell stocks many times, Investors buy a stock once and sell it once after many years.
Feel pretty stupid for not understanding the market and therefore I can’t indulge. Wish all of you whom do get it the best with it!
Eh, if you don’t do anything silly and try to keep a low risk, it’s quite fun n beneficial :)
Easier said than done even following these UA-cam videos don’t cut it
Also struggling, been at it for months but securing profits is just like pulling teeth. This is overwhelming!
Best way mate is find a genuine mentor that’s done it and gone through all the hassle of refining and applying rules to fit
Nick you are so right. After 10 years studying every trading strategy, philosophy, and using every indicator in the world (well almost every), anyway I literally GAVE UP in January this year (2024). I got rid of every indicator; I just went to an hourly chart and drew silly rectangles above and below price and used them as risk management, and, because I was so frustrated and pissed off, couldn't give a sh*t about what happened... and holy crap my results are so much better. And NO STRESS! Maybe it's a place of frustration so bad that most people need to get to before we all realize it doesn't have to be so hard.
I'm not saying ditch all our accumulated skills, but like Nick says, do not abandon your intuition. Let's trust our guts more.
Your curiosity is your compass, and your intuition is your map.
I gotta say Nick. Your trading skill is aging so well. I’ve been in the free Telegram for about a year and I do not trade fx. I just wanted to see if you were legit at first.
These last 2 months of your trading has been so top tier, level-headed, and focused.
Not only that but your level of transparency is second to none right now.
Not only has every trade been called and shown but the charts are posted before!
Great job Nick
35 year loser here.. still trying!
Mind stops me from succeeding..
Your advice is very unique..
the Psychology of trading is the brick wall for most losers..
Thanks for sharing..
You don't trade you gamble if you're a 35 year loser...Stop trading my guy. It's over.
Just stop it
@@MyRookIt's his age.
Just gained 7R from the EURCAD trade you announced in the telegram group!
This is completely true, I started taking trading seriously since end of April 2023 because of your information which are free!! Last week I took my first 50k funded account challange. Finished first week break even. This week I'm planning to fininsh phase 1 (hopefully) if no then i guess it will take me little longer. Love the simplicity of your approach. Genuinely, Thank you
i wish you luck man
This video makes a lot of sense. Want what the market wants.
Thanks Nick we all needed to hear this
You are right Nick , thanks for reminding me ! love to see your videos ...i m following you since the beginning , keep up the good work :)
Another classic from Nick!! This may yet be your bestest video on YT! You were talking to me right there! I have no problem executing setups, BUT I do have a problem letting my trades hit at least a 1:1. This video is a gem! All I can say is, thank you once again, Nick❤🙏🙌🙌.
Bro, this might be the BEST trading psychology video you have given us. Thanks
This is so true. When I go into a trade with no care mindset I normally do well unlike expecting a target for the day.
THE GOAT 💰 🐐 THANK YOU!
Thanks! You just verified, what's taken me years to finally figure out.
I love this guy and yws the free channle is amazing
Great video. you totally described me.
You nailed it Nick!
so very true, its better to think of trading as a "lets just keep going slowly and see if anything comes off of it" and not like its the only thing thats important in ur life or treat it like it should be your primary income (if ure not profitable that is)
Thanks nick!
That's the solution, amazing. Thanks.
LOVE IT !!!
You have convinced me that my original intuition is correct, and I'm now getting profitable....I fell into the "fixed stop" mentality, it doesn't work for me...a pre-trade plan/expectation is good, but once you are in just go with the flow, adapt to the data in front of you
@@bostonredpill6621 I've been trading on and off for a while, I use trailing stops and trendlines to get out, I rarely use limit orders to get out but I initiate them when I enter to remind me what a good R:R is...I do use ATR to help establish my original stoploss, I try to keep my starting stop over 1ATR (but not always), but I'm holding for at least 1 day...what has changed, as soon as all the data stops looking good I get out vs just letting it hit my original stop loss, this has greatly improved my R:R by effectively lowering my aggerate risk...I let the trade unfold, react to what is happening, this seems to be at the crux of his strategy
@@bostonredpill6621it’s a good way to exit outside of swing points
@@bostonredpill6621exit when you feel you should, the market owes us nothing and doesn’t care about our lines
Hey Nick, just want to say I love your videos man. Trust me bro keep it up
You rock Nick!
Thank you Shawn. I think what you are saying is finally sinking in.
Awesome mate, Every trade is a flip of a coin no expectations.
I am in, and enjoying the contents
Thank u nick
I lost it when he always resorts to 10:37
best video so far from you Nick
Keeping the comment simple too - 3 words - thank you Nick
not so simple if you had to mention that you would keep it simple
10:49 xDDD
i had to laugh, greetings from austria, love your close friends group ❤
Thank you for being a client, dearest bro
Game changing information
In despite of some cursing and some weird drawing in your telegram channel 😁 Which I'm allergic to it, your approach to trading is unique, I stopped trading 3 years ago because I blowed all my buy money my bride money my time and am nowhere, when I follow my approach I ruin my demo account but when I follow yours its the jackpot, I can say that the majority of your trade is a win. I will join the group in the near future hope so 🙂
Your channeling Mr. Mark Douglas here!
The best way to improve your confidence is through forward testing.
My dude!!! You are the goat. Until recently, I've been screwing around with every @#!$@# strategy under the sun. I started watching your "how-to" videos and honestly, it's made a world of difference. I won't say I'm financially free just yet, i'm just trading microlots atm, but my win ratio is around 70-80%. But that's not the kicker. The kicker is that the profit margins are massive. I tried the 5/15/1h timeframes and my ability to spot trends, retests, rejections and breakouts are much better than a week before. Haters can hate, but they don't have a million dollars in the bank. Keep up the good work bro.
How are the results now?
That, and my lack of success.
bro that wagyu beef theory just dies me laughing hahah what a guy !
You give me hope bro. I'm not going to give up I'll become a successful trader or you'll find me dead on the sidewalk one or the other.... I'm getting there I'm better than I was...
Same here man. Trade or die. Literally lol.
Love your work. Visit South Africa.
Nick Shawn, I love you!
Spitting bars at 10:47🔥🔥
Nick. I've been trading for two years, with ups and downs but overall losing money. I was about to quit trying when YT recommended your channel. I've been trying your simple concepts for the last two weeks (demo), and for the first time in this two years I feel that I'm on a clear path. For the first time knowing exactly what is going on with each trade. For the first time being consistently profitable (not only by luck). For the first time being mostly relaxed while trading. This two years gave me the experience and the "eye" to understand and apply precisely what you teach, and I'm surprised with the results. Right now I dont have the money to take your course (I dont even have capital to trade yet) but as soon as I get it I'll be joining because if with your YT and free Telegram content I'm doing this well, I cant imagine how this can improve with your course and feedback.
Thank you so much. You've been the last beam of light at the end of this tunnel.
What was your strategy the past 2 years?
@@TheKazzPill mostly scalping indexes in the 1 and 5 minute timeframes at the opening hours.
😂😂😂😂 this is a big laugh for me. My advice is you should never test your strategy through demo.because demo intended to give tighter spreads and positive slippage which in return give you a high probability of success but unfortunately it will cloud your mind thinking you have a powerful strategy.
Thanks for the advice, I started trading in 2018 (self taught) it’s taken me 5 years to actually create a good strategy, I got a 90% win rate now as crazy as it sounds, but my issue has been greed. It’s such a powerful sin. I’m learning to lower my expectations and just finish the day with a 10% profit instead of my expected 40% (it hurts but I’m getting used to it) most of us actually have good strategies but our expectations are too high!
How do you have a 90% win rate please explain to me how?
Hi Nick! Sant to Ask you Wether you do correlation before you take a trade or you just look at the chart ?
This video is so right on. Lol, saw my myself all over it.
Been trading for about 1.5 years. Profitable all but 3 months which were close to break even. But still traiding very small size. How do you learn to size up meaningfully?
this is facts
Same thing reaching me bro..rn I’m in a trade and bro it gonna play out but when the price start doing that shit and you get scared 😂😂..I’m just growing and learning everyday bro. This one deep and makes a lot a sense bro
Whats the best time to trade cad/ usd estern time zone
Wow 👌🏽 this is aced. I love your line of thought.
I'm in the telegram channel and I wanna upgrade to your close friends soon hopefully.
You commented this 2 mins after it uploaded 🤣😂
Nick - just wondering when you DO add a TP to a trade? If you leave it overnight? Or do only hold trades during daytime and watch them like a hawk - and take profits manually?
Even 40% percent with good risk management is huge.
Hey Nick, been following for a while in fact just finished up that EurCad trade with you. I want to know what broker you use or could you point me in the right direction, because right now I use a regulated broker but the leverage is sh*t, so I wanted to try some others. You have anything in mind?
Nick your a fkn trading STUD & have made my trading journey much easier respect brother from Vancouver 🇨🇦I pray for you well being May GOD BLESS YOU BRO🫡⚓️😎
Sometimes the drop Wicks Trigger Stop losses and then the next is a V recovery? Any Thoughts. Well I use 3 Time Frames to study Trends to Avoid this scenario.
Hey Nick, I have a strategy I’ve found profitable over 3 months(1 month backtested and 2 forward tested). I’ve gained around 3.25R each month, but the problem is I’m risking 8% per trade. Is risking this amount for 3.25R a month worth it? Or should I find a new strategy. Seems like risking 8% PER TRADE is a lot to only gain ~26% at the end of the month? (taking around 30 trades per month)
First few words ... 100% Now i'll continue with the video
What's annoying happen to me yesterday I entered at the right spot ,it went till my stop loss and after just went down like crazy after my stop loss,shit happens like that too
i like this guy because he is very realistic
Best trading channel. Makes trading simple.
Free tele is quite good
Hey nick, do you think there is a way that this trading style and adding to winning positions can work in the 1/3/5 minute timeframe?
I tried this for scalping, sometimes it helped me to bring little more profit and but most of the time I ended up wrong and had to close it at breakeven to reduce my exposure, so it's a tricky strat honestly but fun to watch!
Loved how you called your list of stocks WTF 😂😂😂😂😂😂
checked
That's for the bullish wague joke
🔥🔥🔥🔥🔥🔥💯💯
I'm convoluted just a little. LOL
Everything dude just said in this video is facts, I done exactly this before even seeing this video and that's when my trading changed forever. Proper positioning size is key, along with risk management and letting everything play out and not messing with it.
Indeed, my friend.
One query: Are you aware of an AI that's suitable for trading?
The top AI trading tool is named
aicollegema
I located it via
Hi. I’m a newbie in this “environment “. And a wannabe retail trader. I’m neither a winner, nor a loser, since I haven’t traded with real money yet. I started watching this channel a month ago, very skeptical, having seen the bad and the worse on UA-cam.
But what this guy says somehow resonate. I appreciate the no nonsense approach and the cursing. And the self derogatory (apparently derogatory , in retoric is called “paradiastole”) speech: Nick sounds nothing like a degenerate. If anything he sounds like the real deal, so I think I’ll stick around.
I’m already at the point where I don’t give a F!! … I don’t know if I’ve quit altogether or if I’ve reached a breakthrough 😂
👍👍
Holding AUDCAD and not fear of nothing
Sounds more like reverse psychology marketing to me, but I like the idea of simplified trading.
oh yes it is, i lost on silver some time ago and still cant recover, took a position over leverage and got scared too much took a loss, one day later it went in mine direction over 2$... still out of market for 3 months now, but ill be back!!!
Are you profitable in the Forex Market or a coach?. Do you have your own strategy tested by yourself in the market? Or the profit you generate is throught UA-cam content?
Where is your certificate from FTMO or other firms?
I don't really uderstand how the world works.
If you are relly smart then you will know that most of trading strategies are pure gambler fallacy.if it works it means you are lucky. But most of time will not which explains the cycle of doom. Good risk management and phycology will not put you on green zone. You need to understand the market better. At least that way you may stand a chance to win.
The Support/ Resistance technique is nice Shawn. Are you ever gonna teach us the Big Money, Wychoff, Fibonacci, VWAP, Bullish, Wagyu Beef Candle Technique though, it sounds awesome but you never explain it😅😅😂😂
Legit saw this video on my timeline and said I'd watch it later only to paperhand a 388C QQQ today when it -20%. Idk where to set my stop losses or when to obey my rules and when to bend them. Probably should have watched this before trading today.
I followed your EURCAD trade today and your are literaly the most insane trader I've ever seen. I made 3.48 R in 3 days with your 3 trades, I'm so happy
And 1 thing I've add to my trading plan recently is to don't overtrade especially when your are in a profitable day, like that I manage to not take losses on a profitable day
my stupidity is ruining my trading
I'm in the telegram channel and I'm enjoying it
6 years and a half trying to be profitable, I’m getting funded in the next 3 months.
❤
You just can’t disagree with him
I personally prefer trading robots for daily trading as they work on pure data and properly programmed bot with backtested strategy can earn a lot more than beginner and can work 24/7. But I am also trading from time to time manually once opportunity happens.
Just today, on your Telegram Channel, I noticed you closed a Long on AUD/JPY, after it tested a zone, rejected, fell back.... So, I opened a Short.About 2 hours later it had made a profit of approx. 17%. Is this a good technique...?
@Tapicontowtsapme And later today, at 16:42 Australian Eastern Time, it was showing 59% profit. Although this was a demo account with Traders Way and I had invested a hypothetical amount of $1,000, equating to about 3 standard lots. The massive leverage obviously helps!
y do u close ur eyes like that
Are you a prophet? I was thinking the same.
I would make it even better. BACKSTEST heavily go for 100-200 trades, collect data, find if the trade fulfilled your criteria and simply did not work or if you ignored some clues. This will get you confidence in winning %, you can even notice some nuances which may tip the scales to higher winrate.
😂😂😂😂 ICT students over analysing and overthinking it...am one of them by the way but I have found the concepts with lots of unnecessary analysis...trading is coin flip. A simple edge puts odds on your side like a casino...am finding this intuitive trading quite effective; my focus is so simple, double top double bottom..the top can be anything; two candles or multiple candles forming top/bottom. I also focus on shrinking candles as a loss of mometum followed by a bullish or bearish bar.
Don’t guess if “this is a winning trade” or “this is a losing trade”. Take every trade that correlates with your strategy and maximizes the winners. Let the losers hit the stop loss
Bro like are you Psychic ? like how do you know that I'm going through such now ? The timing of your videos recently are questionable.
as some one said about elon musk and his hair, you're not balled, you're poor, elon have a poor hair before.
Fear God…
@Tapbiotowtsap.make Christ your Lord, trust & obey
you want loads of shorts making for your channel?
Started paper trading on tradingview. U get a 100k to play with. Im now at 19 b... Reality is very different tho. Haha
Screw day-trading. Screw furus and gurus and all y' all! I AM DONE.
YOU should be done. Where are the statements Nick? Where are they?
lol u ngmi
Hey Fellow Traders, anyone in here looking for Forex trading meet-ups, performance sharing, etc? reach out if so. Would be good to chat with fellow traders.
Is it me or you are balder today? Hahaha that head is shining 🌟