Adding To Winning Trades Is Pretty Cool
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2023-06-28に共有
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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.
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コメント (21)
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THIS IS SO SMART ITS LIKE WIN WIN WIN WIN SITUATION! YOUR LOSERS ARE 1:1 (AT MOST) YOUR WINNERS ARE 1:3,4,5... AT LEAST YOUR WAY OF THINKING OUTSIDE THE BOX IN TRADING IS TRULEY INSPIERING EVEN TO VETERAN TRADER LIKE ME, CHEERS
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Amazing video! Moving the previous entry to break even when adding another entry is genius
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That's why I love Swing Trading! Big moves baby! And stacking the winners!
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Nick just speaks so calm like , who cares 🤷🏾♂️love it lol
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Interesting, I had always thought adding more to winning trades seemed like taking on more risk whilst losing the optimal lower entries. But in the context of moving the prior position's stoploss to break even it makes sense. You only ever risk 1 R whilst having the opportunity to make several more R than you would have by only keeping the initial trade open. Interesting, I am curious how this method works long term, theoretically it looks good.
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Hey Nick, got a question. Lets say first entry take profit is .30 and stop loss is at .20 cents. You enter in second trade, it raise your average from 1.00 to 1.10. Which makes your original entry TP less .10 cents and increase your stop loss by .10 cents. That has to be adjusted to fit the new position correct?
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I like the new concept!❗️
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Thank you! You deserve more followers than any fx 'GURUS' out there! And thank you for commenting on one of my videos! hahhahah. I hope you visit the Philippines someday in the future. If you do, I got you! BTW, I'm doing this same exact strategy now and just bagged 4% out of 2 trades. 2% from GU and 2% from AU.
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Hey, how can you keep an eye on your positions , hedging etc tonight?
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adding to winners is a nice concept. however I think it's smarter to add on pullbacks and not just due to momentum.
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It's almost as if you don't have to try when you are in a major winning trade. I would also say it's pretty cool Nick Shawn. Scaling; a great way to minimize losses. Cheers.
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There's another guy on YouTube who trades like this. By adding to the winners. He calls it the stacking strategy. Very nice approach. Keep grinding bro 🫡💪🙌
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100% beautiful. As long as you are teaching, I will never stop learning. Thank you again for all you do.
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IF IT GOES UP AFTER YOUR SECOND BUY, caps attack.. then you can bring your first buy to SL of second and still be in a small profit ?
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8:14 What ECN broker do you use for hedge fund?
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Thank you for this simple explanation, im trying to follow the telegram and it would be helpful if you tagged the trades once they're closed. Thank you again!
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Hi 👋 Nick Thanks so much for your amazing videos but You said everything about hedging in your videos, now what are the remaining points that you want to mention in MFX course that we have to pay 200 dollars for? And besides, you mentioned many times that the indicators are useless and we don't need all that’s shit , but in the MFX course you want to teach them all, This contradicts what you said in your videos
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I guess I need to learn how to use my MT4 better. I dont see where you can add a trade with these graphics. When I want to open a trade I have to complete a New Trade form. This looks like trading view somehow creates your new trades.... ?
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Sorry just need to understand, is this a strategy shift ? now you have stop losses and you trade pullbacks, in your previous videos you used to hedge and trade S/R ... or am I missing anything ?
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Nick can you talk about your profit taking then ? Do you usually take profit early or let it go to the target? as there are many instances where i either take profit way too early and miss out ( messing up the ratio for eventual losers) or i try and hold the trade but there is a big reversal against me. It can be a tad frustrating. I am assuming your prof targets are based on price structure but if you take prof early you do so intuitively ? Ironically its only taking profits right now where i feel i need to improve the most.
