289. How to Profit Even When Trades Go Wrong w/ Nick Shawn
Description
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Nick Shawn shares his unique trading philosophy. he emphasizes intuition and experience over rigid strategies, discussing methods like dollar cost averaging, recovery trading, and grid trading. He highlights the importance of risk management, suggesting traders risk only a small portion of their capital to gain experience.
Nick also stresses the significance of withdrawing profits regularly and maintaining a flexible approach to adapt to market conditions.
00:00 Introduction
07:45 Traders' Profitability Insights
09:06 Intuition in Trading
12:22 Experience as a Teacher
17:36 The Reality of Account Management
20:50 Low-Risk Trading Strategies
23:26 Risk Management and Skill Development
27:44 Psychological Aspects of Trading
29:43 Exploring Trade Examples
32:31 Adding to Losing Trades
35:56 Framework for Trading
44:00 Analyzing a Recent Trade
48:13 Trading Drawdown Insights
50:47 Final Thoughts
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