only a thousand bucks a month guys!

reply to this message if you want help with your cough.

This is called breakout hunting. It works, but it is still an edge, and if you truly traded randomly, it would not work at all.

As a trader who's been trading off and on since 2009, this is NOT a bad strategy at all. The theme on repeat in this video is "RISK MANAGEMENT". If you master that, you can trade ANY strategy and be profitable. I know a few traders that have been doing coin flip entries (seriously) since before I started, and ONCE THEY'RE IN, they set a profit and loss target. SOME do this type of "double down" when market moves against you. So this video is talking about how to do this with an account that is 100% funded with risk capital, which is a fantastic concept. BUT THIS CAN ALSO APPLY to an account where your entire trade capital is in the account. The only difference is, instead of risking 1-3% PER TRADE, instead, since your account is the capital and the risk, you'd simply reduce your initial trade risk so that if you're in a position where market moves against you and you had to do, say, 8 entries in a row like in this video, at that point you're at your MAX RISK, which for most people is 1-2%. So for example, if you have MT4, and you trade on OANDA or IG, and you enter a trade, you can enter with a lot size of 0.01. So one entry of that size on the euro/usd ends up being somewhere around a penny per tick. So if the spread is, for example, 1 on a retail acount, then as soon as you hit the button you're negative -0.10 cents. A DIME. Ok? So if price moves against you 20 ticks, you're out 0.30 cents. If that's your next entry, now you're out 0.40 cents. Now.... if market moves against you a total of 100 TICKS before reversing, and you entered just say equal distance of 20 ticks, you'd have your initial entry, plus 5 other entries at 0.01 lot size. So your total "loss" after a negative move of 100 ticks would be about 1.10$ for the initial trade, 0.90$ for the second, 0.70$ for the third, 0.50$ for the fourth, 0.30$ for the fifth, and 0.10$ for the sixths trade due to spread. Ok, so what's the grand total for that "losing" trade? With a 500$ small account, you'd be at 0.8% risk percentage for all 6 trades combined, totalling about 3.60$. (ish) That's not counting continuing moves against you, which would be approximately 0.06$ per tick, assuming each tick was a penny. So if you have all your risk captial in the account, it would certainly have a "magic point" to put a stop loss somewhere reasonable to protect your account from absurdly fast moves against you... but even if you do button stop trading, you can usually close out before your account hits any significant loss, and with a TOTAL possible trade entry cost of 0.8% of your account. Keep in mind, it could move an additional 100 ticks against you and you'd still only be an additional 6 or so dollars loss, with a total combined loss of 9.60$ which is just shy of 2% of your capital. So yeah. Coin flip with this type of risk management is absolutely a "doable" thing, and if you manage your trade positions with the mindset that you might have to occasionally make 6 trades before it reverses (or hits your stop if this is your only trade capitol), then you can repeat this procedure and it CAN BE PROFITABLE. Its one of those things I learned early on, the MOST important thing about trading is what level of risk you're at any given time. Once you master that, (and there's many ways to manage risk that are valid) then you're good to go. My mentor, when I asked them about how they pick such great entries, they looked at me and said "Entry? What about the entry? FUCK the entry. If you're in a burning building, was how you got in important? ITS ALL ABOUT THAT EXIT PLAN."

knowing when you're trading in a sideways market is still an edge

That’s probably because you‘ve NEVER heard such BS before! Remember: the constant coughing is a sign for lying..

@@bikemike1118 it's not its basically martangle strategy I have made my account 300% but then blow my account cause i wasnt using it properly

This is sooo funny that it cheers up the entire video. haha

His attitude is refreshing!

you caught dat too haha

Lol 😅

I was about to quote this same thing, LOL.

😆

rofl

@alien-911 I was thinking the same thing lol

@@richiewillie2us hahahaha. damn son....im still watching the video

True, that. There's nothing like random entries to demonstrate that exits and risk management are way more important than entries and fancy chart analysis. This is why I love Nick's stuff. He dwells almost entirely on those two things.

Fr😂

@@rdtradecraft tbh i backtest and its running super profitable as long as use small risk each entries and make sure to keep track. I blew up once during backtest and realise myself holding 11 entries without breakeven

lol gotta be a tick or something

Of little concern for what we’re getting.

i have the same problem, believe its an OCD thing but thats not based on diagnosis so take it with a grain of salt.

Actually its very weird, he coughs only on the charts, but when he is speaking directly to us he didn’t cough. Which leads me to a conspiracy thoughts) and also I don’t see that he coughs on the video. Its more like he added this on the background but if so with what purpose? Maybe his microphone is too sensitive… Very weird stuff, feels like i got fooled in some way.

me too, and he dont explain why is coffin

why don't people use bots if they make money for you for free?

I know people who do use bots as a money printing machine. But. A bot only does what you tell him. So again there is human intervention ;).

@@pirds102010 most people don’t know how to set up a bot or program it to correctly execute trades without any errors. Then there are risks associated with black swan events or other events that human traders recognize and easily account for. Those are hard to capture with a computer program. The people who manage to create these programs typically don’t give them out for free.

Did you catch his cough?

Take note that he says the account itself is the stop loss, I tried this approach many times, I ended up flipping most of my deposited funds only to lose everything later down the line.

@@bluecafe509 He should really get Hall's to sponsor his next video. That was so distracting. I shouldn't make fun of him, I think he might actually be dying.

@enditakamweneshe6428 is one of those strategies that has a high win rate but takes just one loss to wipe you out. AKA a horrible way to trade.

@@notdan995bro im ded 😂

Absolutely this.

They can I feel like the only thing that can stop someone from doing this well is good risk management and enough forward testing to learn it properly probably a month or two is enough

Exactly...it's all about patience and faith

That’s a silly question. To make more money. 🙄 Only poor people think this way. A KZfaq channel is easy to create. If you have a following and can also teach what you know, why wouldn’t you want to do that and create more revenue? My question would be, why would any successful person not want to start a channel and start teaching. Jay Z makes millions of dollars off his rap music. That’s like saying why would jayz want to own a club, a cologne, restaurants, clothing, Realastate and art since he is a successful rapper? To create more revenue. Timberland is a very rich producer. He as well teaches a master beat making class. Stop thinking in the poverty consciousness mind. Start thing prosperity consciousness. 😉

@@Fortunefellas Hey Nick! 👋🏻

Silly question

I think u meant to comment this on ICP's channel 😅

Taxes

I agree. I’ve been so frustrated lately and Nick shows up in my feed. The universe is blessing me 😊

Don’t fall for grifters! This guy is clueless and if it were „simple“, every trader with a little brain would constantly win and beat the market. For someone to win there has to be a loser in a market. As long as you find this guys crap reasonable that loser is you and the professionals take your money

how did your demo go?

how did the demo go bro respond don't blueball us

+1

@@kingjackoff6708 I’m up 7% for March

@@mykolaskumpis2041 up about 7% for March as of first week into April

Have you ever tried it on Oil or crypto? Just curious as I am starting to try this strategy out this last week on oil.

@tamasgodinek4125 No I haven't tried oil yet mate. Just been on Gold as it's got really good price structure and AUDNZD I literally trade without a stop loss 😅

Nah. You will eventually blow the account If you cannot control your feeling by adding more positions than usual. Why you have to put yourself in this situation? Everyday you have to look that your account with a big DD. No man, please usE SL as you made a wrong decision and move on. You will correct it by next trade.sAlso. If you sell XXX/JPY and waiting for a month to go back to your BE, you will be broke by the swap fees.

This is called mean reversion trading. It's not new. Use a mean reversion channel and see how far away price typically gets to before returning to the mean line on the instrument you are trading. The ruler tool in tradinview will tell you a percentage. When it gets to that average percentage, you enter and wait for the pullback back to the mean line and close. A very good indicator for this is the "Mean Reversion Channel" by fareidzulkifli.

@@tamasgodinek4125 Probably better to avoid trending markets - especially crypto as the price might moon and you'll not be able to hedge out the move...ever. Crypto/Commodites/Equities/JPY => Trend Following, 'Boring FX' ==> Mean Reversion ... and this is a form of that.

So you're saying you're risking 20% to make 1%?

Now, with each add-on, increase the lot-size by 20-30% to maintain a reasonable breakeven point that moves-up with price. You might also consider removing partials from earlier positions at around 1.5ADR.

@@TheWhippinpost for sure you can I found that was not necessary And by doing so, you incur more risk as price moves against you But it’s all about what you are willing to risk I would prefer to not blow an account if possible lol

@@Bryceredaja By removing partials from earlier positions when the trade goes against you, and increasing the lot-size of additional trades, you keep the breakeven point within distance. Ideally if you measure the additions and removals using a measurement of ADR, you can maintain a grip on things if price squeezes. Trick is to keep size within your risk profile.

Hey, what I don’t understand is, how do you size your lots to risk 1% if you don’t know where the stoploss is? We don’t know how far into DD the position is gonna go right so how do you know you’re risking 1% of the account on a position? thanks

I close too early too, before it reaches my TP

Interesting how much account fund u did it with

which ticker you're trading on?

Dude, this is wild, thanks for sharing.

Good job. Could you explain a bit more please, I watched the video but not sure where I can get a funded account

Can i ask what your trading mostly? Metals, forex? Crypto?

What a review !! ♥ Congrats!!

​@@IsThisHowUDoThatApex is a prop form for Futures, basically you're trading Nasdaq, S&P

It means he probably made a ton of money and left or he lost everything and quit.

Exactly. This can fck u up real good. I rather have some losses

many times market would retrace but not enough for our position to be profitable or break even...this is more of a gamble and one would lose a lot of money in trending markets ....but in range bound market it might work

apply this to NVDIA stock and you fucked up for the past 1 year

In short, he appears to be using a Martingale strategy, with which I have personal experience through my trading bot. While it's true that this strategy carries inherent risks, it can also be profitable under certain conditions. A well-funded account and proper risk management techniques, such as using smaller position sizes, can mitigate those risks. For instance, my bot can handle extended drawdowns and exploit retracements. which makes the strategy worth using.

@@figh761 only go long tech on corrections and add on pullbacks 100% win rate

no its not. You could do the same with a roulette, just bet on red /black and add money if youre wrong, is has nothign to do with trading

@@kamilnakonieczny9242so you mean this strategy is just nothing? M really interested in it ? What are your opinions

I tried roulette. You can bet on red or black but what if it falls on 0? You lose everything

@@HotBlitzthe 0 is just the edge That the Casino has over you on a Long run

my money management his having a US brokerage account with max 50 leverage ..There ya go..money management problem solved!

Any news?

@@Superpowerjoker still backtesting, but great results so far. Trying to blow a 2K demo account, but it’s currently sitting on $8300

@@KrissHermus Does your backtesting factor in trading fee?

The day you go aggressive you blow the account

@@Michael-im5mq yes

Depends on your timeframe. If you only on Daily then it doesn’t matter if nfps news happens

You don't like trading the ninja? I'll hedge USD/JPY against GBP/USD with a correlation strategy.

There are news all the time, it's almost impossible to avoid them. If you're going to avoid news, you're never gonna trade. A lot of times you're going to be in a trade when news show up, you either let it play out (it's 50/50 anyway) or you get out at a loss/small profit. This strategy is for people with deep pockets, you can blow 5 accounts of 1k before you finally grow one to 10k. Which is fine if you have enough funds, which isn't the case of 99% of people.

Great advice bro. Add EurGBP to that list. When any of these pairs are in a range, u can essentially print money.

You probably open following positions too soon. Wait a bit more between 2 trades and pick the stock that has the history of going up/down rather than 1 direction. Ex: RTX, AU.

Finally someone actually understands it...I thought it was all mental sheep trading demos 😂

DCA yes, martingale no. Martingale would imply increasing your unit size by 2x for every time you think you should add this way as soon as the trade turns positive it is break even without pulling back to other levels.

​@@gorv1968true, to be precise. Anyways, this is a very very doomed way to try and trade unless your positions are so small, that it would not make a difference. If you increase size, you risk margin call upon numerous additions. Granted, the idea that all trades come back to entry is lucrative, but this is something hedge funds can afford. A small retail trader trying to grow an account adding to losers is a sure-fire way of getting to 0.

It will all end in tears.

Try it on the lower TF's. You'll have your outcome by the end of the day

@@cman5461 On the lower TF moves are too big I've noticed. It could be a game over.

What do you mean by TF??

@@DeepSran68 time frames

Mb w shd wrt al th tm wrds in short forms 😂😂😂

Well said

thats when you are truly fucked. thats why you only do it with like 50 dollars a time if you just starting out. because you will eventually lose no matter what.

You counter it by entering an inverse trade with a lot size that's like 5 times the size of your original position. Eg: If you open 3 buy orders with 0.01 lot size and the market keeps going down against you, then open a fourth order with lot size of 0.1, and that order will be SELL not BUY, so if it breaks that hedge, you start gaining in that direction and that will neutralize the losses on the initial orders you have opened. The worst that can happen in this scenario is that the market hits your SELL order and retraces back immediately and that would be a nightmare. Cos the SELL loss would drag your equity down and the losses will be 5 times bigger than the original BUY order losses you opened before... but it's not trading if there isn't any risk. right? That's why you need to at least know where the market is going generally so as to reduce the risk of this nightmare happening to the barest minimum.

Higher timeframe, less positions

@@Lunaloop92 The issue with higher time frames is that you can get stuck in a trade for weeks, meaning added fees for every trade you hold over night.

@@shimizu67sure but lets say you‘ve put 7-8 positions and after 3 weeks price went to your first position , all of them are winners and fees are not that high, you will cover them with your winners

@@shimizu67yes thats right but profits should be high enough to Cover that

@@Lunaloop92 I'll keep backtesting until I eventually find the sweet spot, thanks.

No its break even 50% is loss snd 50% is win so its break even

Exactly. At 9:11 he says the trade would usually retrace and end up in profit. That's total BS

@@kwkarol Agreed. While the chance to finally get the trade right is higher as you open a new position (b/c the swing stock will eventually turn around), recouping the whole unrealized loss is unlikely unless the last positions have the power to gain faster. What if using leap options? Options can reduce the size of each position but each small position can also spring the gain 2-3x of its amt. This can help to recoup the total loss even way before the underlying retrace 100% to where you start.

Will it work on a funded account? We've a max loss and if positioned well, then we have a chance for small profit. Need your insights on this

paper trading is a netting account not a hedging account. you need a hedging account to have separate trades. not sure if tradingview does that for paper trading

Thank you Ashley!!! @@ashleysoudah

If you go to settings and look for trade positions it will show you your positions on the chart but it’ll still group the trades as you said above but at least you’ll kno where your positions are

Yep, use a brokers paper trading account not tradingviews?

The TV PT is quite 'basic'. Like someone else said, get a broker account and set up a demo account with them - will be much more realistic.

😂

There's no risk management here lol. Eventually, you'll be maxed out in a position that keeps ripping against you and you'll blow your account.

I always advice new members to have an orientation on how it works before getting involved. Trade offers more benefits than just holding.

Kate Floretta Face book

She Trade for Celebrities and super stars you know & could Mentor you.

you must have these things in mind 1. Have a long term mindset. 2. Be willing to take *risk*. 3. Be careful, if you're not spending to earn back, then stop spending. 4. Never claim to know - Ask questions and it's best you work with an assistant.

The wisest thought that is in everyone's minds today is to invest in different income flows that do not depend on the government, especially with the current economic crisis around the world. This is still a good time to invest in gold, silver and digital currencies (BTC, ETH. stock,silver and gold)

Thats why he says that he uses a small account

and there are EAs that trade like this,you don't even have to do it manually

You really can't make a profit long term by grid trading because trading is a zero sum game and if you have no edge except guessing the direction of the market then you will only be right around 50% of the time. Without trading fees you would be breaking even long term. Once trading fees are added then you're actually losing money.

@@Michael-im5mq while that's true that you'll win 50% of the time. This strategy at least gives you a very high percentile of doubling your account prior to a trending market happening that blows an account given you size the initial position correctly. If position sizing is done correctly you can be in a drawdown of 8 trades going against you only for the market to shoot back to the start of the trend thus giving you at least breakeven when things go wrong from the start. The Forex Market is quite literally a rubber band

Yeah but before the market starts to trend MASSIVELY you may have made a lot of profit if you manage your RISK properly. That's the message he's tryin to pass across.

@@Michael-im5mq he did say many times that stock tend to go up and down, and that and position size are the keys to this method. Well, some stocks tend to go 1 direction a lot longer than others, so you'll do a lot better if you pick the right one first. Hopefully you don't have to wait for more than 4 times before it turns around.

if its trending then just buy in the direction of the trend. no need to hedge lol

Depends on your sizing? You might be right, tho. might be why he's showing FX examples as its more mean reverting it seems? Who knows

trending markets are the easiest to trade, why would you want to make it harder as it already is.

You just add buys on dips! Since it’s trending you don’t even have to worry about counter trend

He was trying to show that with correct position sizing and risk management, even random trading in this example can make us money. So for strong trending stocks, just trade with the trend and imagine the profits you will be reaping. Of course, never be greedy. Do take appropriate profit along the way if you have a plan on how to trail profit, milking the cow. We will never know when a crash is coming.

Use this strategy with your prop trading Account

Use very small risk? No time limit. If you're profitable, then eventually you will pass. If you have spare cash, you could risk more and risk blowing the challenge then lower risk? Just to pass quicker. Just suggestions from an unprofitable trade 👍

@@BrandonDrivesyes thats it. You could do it with higher risk but you will pass really fast.. or with less risk but it will take longer then.

Higher timeframe works best

​@@Lunaloop92 The up trend lasted for just over 2 hours in this particular example. How will a 3m or 5m timeframe help me if I end up in the drawdown of about 10k in any case (in the end I will be able to break even, but still)...

​@user-ni8zj6gv1e Use 1h, 4h or Daily timeframe? Use very low risk to allow larger moves on certain markets? Cut the loss at a certain % or when you think price wont retrace for a long time? Just suggestions from an unprofitable trader 👍

@@BrandonDrives Trading futures is almost impossible to use large frames. But thanks anyway.

@@TheSkyFallTronic I completely agree. I tried this "strategy" 200 times on replay and always ended up losing money due to long trend moves. Instead of this nonsense, I'm trying to play with Fibonacci levels.

I'm curious about that too

Lowing the position sizing I guess. Nick strat is high risk high reward in prop you need to low risk low reward to cater max daily drawdown and blowing accounts. My 2cents.

I do a ftmo challenge right now with this strategy. Its a 160k account so daily drawdown is 8k max! You have to keep in mind never reach this 8k. So in my case 1% (1600) would be a little bit too much, I will risk like 0,5%, which means I will enter a second position after 800 in drawdown. It should go well long enough to pass this thing 😂 I trade on Daily timeframe btw so its a swing Account

@@Lunaloop92 what timeframe?

@@hihi695daily timeframe mostly. It works good on 1h too

cost averaging

1 month for a break even trade, its terrible

yeah a lot of money must be tied up with waiting or being in a loss, in the end it works out but it’s like waiting for hope to happen, and the prefered outcome doesn't seem likely and it’s all downside. But it’s so interesting how he makes it work for him.@@lewmaca

That'll work

Also you should take profit between 4-6% 1 hour or 30 min chart. 3 trades a week and will almost double in a month. Pretty powerful if you can be mentally prepared to lose the entire account.

I always have to think that it sounds like "that shit too easy for me"

i know, hope hes OK!!!

Nick has Tourette's that manifests as a cough. Sometimes he has to power through it.

@@metalchips okay thats unfortunate

​@@metalchipsI was wondering as well. Glad he's not more severely ill.

Hello, did you make some money with it? To me it seems it works really well if you withdraw the profits regularly.

Hello, did you make some money doing it? To me it seems it works really well if you withdraw profits regularly.

@@markohodzic2655 yes it works well especially on bigger drawdowns.

ok

Bs meaning please?

Whoosh, you totally missed the entire point. You are essentially saying, I don't like the strat or don't understand it so why don't you use stop loss? The whole point of the strategy is that you are risking rapid growth for extreme risk. You are risking whatever the account is to double it in less than 90 days. The nature of the strategy is high time frame and a bet the market will revert to the mean eventually when its going against you. you want some drawdown in reality because you are doubling your lot size after every market extension . You have no idea how powerful this is, about 10% of your portfolio should be in high risk stocks or investments and this is definitely going to be mine. This is the closest thing to an ATM Ive ever found.

Hey bro, I tried this and stacked it up against the best forex signals and strategies out there and this style still outranks them all by a mile. And this is how to reduce your risk and win instead of calling BS: 1. Don't try this during any news event. 2. Don't try this on volatile pairs like XAU/USD. 3. Check the overall trend of the market in the 15 min timeframe so you know whether to buy or sell. 4. Add those layer positions before the market goes against you and evenly space them out. I do 30pips per position. 5. Don't be greedy. If the trade is taking too long and you run into small profit, you can close everything and set up again. The market doesn't need to hit your entry point before you make profit. 6. Don't lose your sh*t while the market moves. Trust me, if you follow these 6 things, you will HARDLY lose.

Guessing trading ain’t going as well as he claims so he needs an income source

It's literally true, nothing equal to a huge passive income even if he is totally wrong about his trades he will be still profitable 😅

Sadly I saw a post a few days ago where he tried to convince someone to join his close group in a extrem ugly way

​@@WolfofNQJust for the record, he can be very sarcastic and impatient with idiots, I've seen it a few times. I get it and it doesn't bother me at all. Trading has never had a built in politeness factor, it's a jungle. People can either hack it or they can't.

He only called them there for about a week, so he could open a new channel specifically for his trade calls which he put a fee on? I think he goes through a cycle of losing paid members and calling trades for free to get new memberships.

ye he takes more risk. but in principle it works

Yeah so... I came across this video and umm well. I trade in virtually the same way. I run different entry rules, however... I haven't lost a trade since March. Sadly I'm running a small account so I can't say I've won millions or whatever. But yeah, I came to the same conclusion after 1 year of trading.

Only comment I’ve liked so far

@@gwcaliber4694 it’s insane how nobody in the comments section talks about this