Trading LIVE, 9:30 AM EST M-F! Founder @A1Trading Software Tools
My name is Nick Syiek, and I've traded indices, currencies, and options for 7+ years. On my channel, I share my current trading setups, and cover current events happening in financial markets.
I focus on a mix of technical & fundamental analysis. For more information & free education, checkout our website, a1trading.com
Warning: No financial advice here! Nothing on my channel should be taken as financial advice. I am not a licensed financial advisor and everything shared on this channel is for entertainment and educational purposes only. Please note, I do not message people directly asking for payment. Please be aware of impersonators and do not send money to any individual or account outside of my company's official website, www.a1trading.com.
TraderNick
Is FOREX volatility finally back...?
2 days ago | [YT] | 11
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TraderNick
Does the house always win at the casino, in the long run?
Does the house win every individual bet it offers players?
Great traders understand losing trades are necessary in any profitable trading system.
2 days ago | [YT] | 56
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TraderNick
I closed out of gold for ~ breakeven on my last gold short.
Price then fell lower! 😭 (The haters loved it! lol)
In these moments, I used to become very frustrated with myself.
I'd think:
"Why did you do that? It was SO obvious!"
"I should have stayed in the trade!"
"I could have made so much more!"
"Screw Trump! He cost me money!"
But.
These types of thoughts in hindsight are a trap, and a pitfall into staying a losing trader forever if you give into them.
Instead, I now think:
"I've backtested my system and approach thoroughly. Did I stick to my rules and strategy, regardless of what my P&L looks like?"
I am the only one to blame for any trading outcomes, not the president or anyone else. Sticking to your trading rules is NOT a trading mistake - regardless of short term outcomes.
Having discipline doesn't always lead to short term profits, but ensures them long term.
Long term outcomes & sticking to a system will save you. Obsessing over what you "should've", "could've" or "would've" done differently will doom you!
Would it have been nice to stay in gold shorts? Sure. But I no longer had conviction in the trade, and decided to take myself out of a trade that no longer met my criteria for entry.
Systematic, long term thinking > chasing every move and changing strategies every week that it doesn't work perfectly
Keep going. Thanks for reading. Nick
4 days ago (edited) | [YT] | 222
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TraderNick
Should you use funding programs / prop firms?
6 days ago | [YT] | 11
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TraderNick
“Nick why are you shorting gold at the low?”
Because you never know exactly where the “low” is! I’ve been shorting at the low for the last few months.
I am a trend follow of technical and macro momentum.
When price action shows follow through to the upside, I’ll call it quits on the gold shorts.
So far, I’m up about $50k this year between my gold and silver shorts, and have tight stops in case we see a larger reversal higher.
Follow the trend 📈
1 week ago | [YT] | 120
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TraderNick
BEWARE of MT4/MT5 SCAMS!
1 week ago | [YT] | 19
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TraderNick
Gold trade update:
Still holding strong for now. Stops are locked in profit. Here's a few scenarios and how I'll handle them:
1. Price breaks through the lows: in this case, I will further tighten my stop and continue following the trend
2. Price breaks higher, but finds sellers at resistance. I will look for opportunities to re-enter shorts, likely with smaller size than my current position
3. Price fails to hold resistance. I will reset and re-evaluate my bias / outlook at this time if this occurs.
Great trading is about being prepared for all scenarios, taking educated guesses, and managing your risk when you're wrong.
EdgeFinder & VIP Signals are both 40% OFF right now! Explore details here: a1trading.com/edgefinder/
Message here for payplans or questions: bit.ly/3NCPdgL
1 week ago | [YT] | 147
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TraderNick
Gold (XAU/USD) gameplan this week! See more...
Gold Trade Update & gameplan for this week. Please like this post if you'd like me to do these more often :)
1. Gold falls through lows: in this scenario, I will trail stops above past support turned resistance
2. Gold rallies, tagging my trailing stop. I will take profits and look for possible re-entries around the 4120 level. (short side, smaller size)
3. Gold rallies strong, trailing me out for a profit, breaking to retest $4200. Likely I will still have a macro bearish outlook, and will consider a slightly larger short trade here
4. Price fails to hold major resistance levels and stops me out of my ideas: admit I was wrong, accept I was wrong, and move on with small losses.
Of course, what is very important with all these ideas is that the macro still marries up nicely with the technical downtrend levels. See image 2 for the macro outlook scorecard presented by EdgeFinder. I will be keeping a close eye on this.
If you don't have a copy of EdgeFinder, do not miss the Summer Sale.
It's 40% OFF right now. Grab it here: a1trading.com/edgefinder/
Use code YTVIP at checkout for discount.
Have questions? Need a payment plan? Chat our support team now bit.ly/3NCPdgL
Currently floating a pretty big winner here. Thanks to macro fundamentals + price action trends!
1 week ago | [YT] | 259
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TraderNick
The EdgeFinder Summer Sale is here! Get 40% OFF store wide, our lowest price all year! Here's how to get access:
Use code YTVIP here: bit.ly/4pRFvVj
Need a payment plan? Have questions? Chat here: bit.ly/3NCPdgL
1 week ago | [YT] | 14
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TraderNick
Gold traders: This one is for you...
1 week ago | [YT] | 14
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