No Nonsense Forex
No Nonsense Forex
  • 505
  • 21 919 322
Trading Psychology Podcast Ep69: Bad Position Sizing
It turns out there are LOTs of reasons why you might deviate from a rational position size when you trade. There has never been a professional trader in history who has not followed a consistent position sizing regimen, so listen up. We have to get this demon out of you, regardless of what your reason might be.
#TradingPsychology
Maverick Links
Click Here To Learn More about Maverick Forex Trading: URL:
maverickfx.com/application-3-a/?
Click Here To Learn More about Maverick Currencies: URL: maverickcurrencies.com/application-3-a/?VPPodPsych
Click Here To Learn More about Maverick Trading’s Stock/Options Division: URL: mavericktrading.com/application-3-a/?VPPodPsych
Maverick Trading UA-cam Channel:
www.youtube.com/@mavericktrading
Robb’s Flat Earth Trading Society
www.youtube.com/@FlatEarthTradingSociety
No Nonsense Forex Links
VP’s Trading Psychology Book
nononsenseforex.com/forex-psychology-book/
Recommended Crypto Trading Platform (Bonus and Contest Eligibility) -
nononsenseforex.com/cryptocurrencies/best-crypto-trading-platform/
Blueberry Markets Blog (Top FX Broker) -
nononsenseforex.com/uncategorized/blueberry-markets-review-my-top-broker-for-2019/
Markets.com Blog (Other top FX Broker)-
nononsenseforex.com/uncategorized/markets-com-review/
US Residents Go Here (Top US FX Broker)-
nononsenseforex.com/uncategorized/ig-us-review/
Follow VP on Twitter
This_Is_VP4X
The hosts of this podcast are not licensed financial advisors, and nothing heard on this podcast should be taken as financial advice. Do your own research and understand all financial decisions and the results therein are yours and yours alone. The host is not responsible for the actions of their sponsors and/or affiliates. Conversely, views expressed on this podcast are that of the host only and may not reflect the views of any companies mentioned. Trading anything involves risk. Losses can exceed deposits.
Переглядів: 512

Відео

Is Crypto Back In Play? (Podcast Episode 158)
Переглядів 1,7 тис.7 годин тому
We've been in a very defensive mode lately, but when you get irrational drops of this size in the crypto market, it's hard not to want to take advantage because every time we have done this in the past, it has paid off nicely for us. It looks like we may be back on offense for a moment. Episode 158 looks at the tokens VP would be adding onto, including some first-time tokens he has never mentio...
Glitch Index (Indicator Profile Series)
Переглядів 2,6 тис.14 годин тому
Tested on the EURUSD, XAUUSD, BTCUSD and the S&P 500, the Glitch Index scores extremely high in one particular metric we use. Sounds like something which may have some real utility in a well put-together algorithm. Recommended Crypto Trading Platform (Bonus and Contest Eligibility) - nononsenseforex.com/cryptocurrencies/best-crypto-trading-platform/ Blueberry Markets Blog (Top FX Broker) - nono...
FYPM (Podcast Episode 157)
Переглядів 2 тис.День тому
You can make anywhere from $1000 to $5000 a month for doing absolutely nothing you don't already do now. I'm not kidding. What could you do with all that extra money? What kind of cushion could this provide? How much Bitcoin could you buy? VP shows you how to make it happen. This is not clickbait. But it's probably not what you think it is either. Recommended Crypto Trading Platform (And Bonus ...
Trading Psychology Podcast Ep68: Boredom
Переглядів 2,1 тис.14 днів тому
The markets aren't always exciting and action-packed. And other endeavors can take its place sometimes. But when you are bored with trading or bored with the market in general, what's the best way to handle it? VP and Robb have been there. And they have answers. #TradingPsychology Maverick Links Click Here To Learn More about Maverick Forex Trading: URL: maverickfx.com/application-3-a/? Click H...
Rates Are Dropping Everywhere (Podcast Episode 156)
Переглядів 2,3 тис.14 днів тому
It's finally happening. The next domino to fall is falling. The ECB and Canada have both dropped their interest rates, and the UK should not be far behind. What is this telling us, and what should we be doing to prepare for it RIGHT NOW? We discuss all of this, in Episode 156. Recommended Crypto Trading Platform (And Bonus Eligibility) - nononsenseforex.com/cryptocurrencies/best-crypto-trading-...
WPR_ma (Indicator Profile Series)
Переглядів 2,7 тис.14 днів тому
Tested on the EURUSD, XAUUSD, BTCUSD, and the S&P500, the WPR_ma is nothing more than a moving average placed on the Williams %r indicator. But it's actually more than that....kind of. You'll see. The results are a lot more than I expected. #forexindicators #tradingindicators Recommended Crypto Trading Platform (Bonus and Contest Eligibility) - nononsenseforex.com/cryptocurrencies/best-crypto-t...
BEWARE of Fintech Apps! (Podcast Episode 155)
Переглядів 2,5 тис.21 день тому
Fintech apps are a great invention, but yours is probably in bigger danger than you think it is. They're almost always tied to a bank, and it's often a very small bank you've never heard of, making them only as strong as their weakest link. In Episode 155, we discuss which apps this affects and what you should be doing about it. Protect yourself. Recommended Crypto Trading Platform (And Bonus E...
Trading Psychology Podcast Ep67: VP's Hater's Club Pt 2 -- The Academic
Переглядів 1,7 тис.21 день тому
Trading is actually very simple but don't tell the Academic this. They'll never believe you. They think the more you know and the deeper you go on any topic, the better off you are. Many of us have fallen into this trap in the past, especially if we have nerd tendencies, but most of us learned our lesson here. For those of you who haven't yet, this episode is for you. *We could not find any lin...
The NEXT Spot Crypto ETF Will Be....? (Podcast Episode 154)
Переглядів 1,8 тис.Місяць тому
With the recent surprise approval of the spot Ether ETF in the United States, this opens the doors for a flood of money to come into our space, probably even moreso than the Bitcoin ETFs. Figuring out which token is next up will probably mean HUGE returns for its holders. So let's try and get ahead of it. In Episode 154, we discuss the top possibilities for the next spot crypto ETF in the US, a...
MBFX (Indicator Profile Series)
Переглядів 3,3 тис.Місяць тому
Tested on the EURUSD, XAUUSD, BTCUSD, and the S&P 500, the MBFX Indicator is another unusual one which certain traders of mine will really appreciate. And it low-key performs pretty darn well too. #forexindicators #tradingindicators Recommended Crypto Trading Platform (Bonus and Contest Eligibility) - nononsenseforex.com/cryptocurrencies/best-crypto-trading-platform/ Blueberry Markets Blog (Top...
Basic OpSec - Google Edition (Podcast Episode 153)
Переглядів 2,1 тис.Місяць тому
The biggest threat of you losing your money these days is by having it taken from you. Almost everybody uses a Google product for something, and this has now become a major problem, in ways you probably aren't expecting. It can now become a direct gateway to your bank accounts and especially your crypto. We break down how this new generation of scammers are evolving, and the very simple things ...
Trading Psychology Podcast Ep66: Stupid Mistakes
Переглядів 2,3 тис.Місяць тому
Even the most experienced traders do really dumb things. Like going long instead of short. Entering the wrong number into your stop loss or take profit points, etc. Amateur mistakes. When this happens, you often feel like you don't even belong in this arena. Don't worry, you still do belong, and there is a way to handle things like this. VP and Robb discuss. #TradingPsychology Maverick Links Cl...
Everything Is Up. So What's Cheap? (Podcast Episode 152)
Переглядів 2,3 тис.Місяць тому
Time for a good ol' review episode to see where we stand with everything. We've had a nice run in a lot of contrarian investments lately, and people are wondering where they can deploy their cash right now for the best returns. I see two main sectors. One of them you may not like. Recommended Crypto Trading Platform (And Bonus Eligibility) - nononsenseforex.com/cryptocurrencies/best-crypto-trad...
TTMS (Indicator Profile Series)
Переглядів 3,2 тис.Місяць тому
Tested on the EURUSD, XAUUSD, BTCUSD, and the S&P 500, the TTMS Indicator is a weird, wonderful experience if you want it to be. Of you can just let me TLDR it for you. Either way, quite an interesting find. Recommended Crypto Trading Platform (Bonus and Contest Eligibility) - nononsenseforex.com/cryptocurrencies/best-crypto-trading-platform/ Blueberry Markets Blog (Top FX Broker) - nononsensef...
What if the Fed RAISES Rates?? (Podcast Episode 151)
Переглядів 2,9 тис.Місяць тому
What if the Fed RAISES Rates?? (Podcast Episode 151)
Trading Psychology Podcast Ep65: Passing It On
Переглядів 2,4 тис.Місяць тому
Trading Psychology Podcast Ep65: Passing It On
MAJOR Partnerships With Blockchain Companies (Podcast Episode 150)
Переглядів 1,7 тис.Місяць тому
MAJOR Partnerships With Blockchain Companies (Podcast Episode 150)
Smoothed Momentum (Indicator Profile Series)
Переглядів 3,2 тис.2 місяці тому
Smoothed Momentum (Indicator Profile Series)
Financial Preppers Checklist -- Part 2 (Podcast Episode 149)
Переглядів 2,5 тис.2 місяці тому
Financial Preppers Checklist Part 2 (Podcast Episode 149)
Trading Psychology Podcast Ep64: VP's Haters Club Pt 1 -- The Shortcut Guy
Переглядів 2,7 тис.2 місяці тому
Trading Psychology Podcast Ep64: VP's Haters Club Pt 1 The Shortcut Guy
Financial Prepper Checklist -- Part 1 (Podcast Episode 148)
Переглядів 2,9 тис.2 місяці тому
Financial Prepper Checklist Part 1 (Podcast Episode 148)
We Tested the RSI and the CCI (Indicator Profile Series)
Переглядів 5 тис.2 місяці тому
We Tested the RSI and the CCI (Indicator Profile Series)
Population Collapse (Podcast Episode 147)
Переглядів 4,7 тис.2 місяці тому
Population Collapse (Podcast Episode 147)
Trading Psychology Podcast Ep63: Will Trading Options Make You a Better Trader?
Переглядів 3,2 тис.2 місяці тому
Trading Psychology Podcast Ep63: Will Trading Options Make You a Better Trader?
Royalty and Streaming Companies (Podcast Episode 146)
Переглядів 1,5 тис.2 місяці тому
Royalty and Streaming Companies (Podcast Episode 146)
Derivative Oscillator (Indicator Profile Series)
Переглядів 2,7 тис.2 місяці тому
Derivative Oscillator (Indicator Profile Series)
7 Reasons To Be Wildly Bullish BTC (Podcast Episode 145)
Переглядів 3,1 тис.3 місяці тому
7 Reasons To Be Wildly Bullish BTC (Podcast Episode 145)
Trading Psychology Podcast Ep62: Validation
Переглядів 2,2 тис.3 місяці тому
Trading Psychology Podcast Ep62: Validation
This Past Crypto Dip (Podcast Episode 144)
Переглядів 2,1 тис.3 місяці тому
This Past Crypto Dip (Podcast Episode 144)

КОМЕНТАРІ

  • @buddhikajayawardhana9211
    @buddhikajayawardhana9211 2 години тому

    I have recently experienced all of these problems and thnks god i get to hear this. Love you both ❤ alwys been my best teachers

  • @andrestrat
    @andrestrat 2 години тому

    VP! your risk video was really a game changer for me. Thanks. Too bad that many commodities and some metals (plat) cannot be adjusted to the right account risk level as minimum trade level is usually 1 unit. Thanks to Rob for sharing his bad experience. Probably , this is the most important episode in this long Trading Psychology serie.

  • @HugoTheContrarian
    @HugoTheContrarian 4 години тому

    FIRST!

  • @MariaPNW
    @MariaPNW 5 годин тому

    Building a skill. Muscle memory. Got it!

  • @KyleBaran90
    @KyleBaran90 8 годин тому

    I have heard it mentioned somewhere in previous episodes that some people will take on more risk or less risk depending on how much they're winning or losing. I guess the best approach is to put that into your plan to begin with, and be consistent. Doubling your account in 18 months is actually tremendous. That works out to a 5.5% gain per month (non compounding). For reference, the SPY returns 9.1% per *year* on average, taking 5-7 years to double (which is about a monthly return of 0.7%). I think the best way to use leverage is to have more concurrent (and non-correlating) trades on at one time, or to trade other assets with higher margin requirements (eg metals). You should still post the exact same amount of *risk* per trade, however. Sure you can ratchet up your exposure, but if you don't use it responsibly you're going to be burned and get into a situation where it's almost impossible to trade your way out of the hole you dug. For me, I like to use 1.618% account size as risk per trade (split into two legs). It falls into that 1%, 1.5%, 2% range that most people suggest and has that added element of being mathematically beautiful (fib ratio). Either way, the goal is to trade sustainably and consistently. Finding ways to trade with less stress is also part of that. And regarding those final bits about WFH and retirement; I'd say the goal there is to be adaptable and always learn new things. If you want more money, you either have to earn more, or spend less. In my case, it's easier to manage my expenses than to add more revenue streams on, but the goal is to do both. My thought is also that over the next 30 years, if AI and those sorts of automation take off, if you don't have to physically be present at a job, it could very well be replaceable. This is why you want to have a varied skillset, because you never know what people might require in the future.

  • @NoNonsenseForex
    @NoNonsenseForex 9 годин тому

    Ladies and gentlemen there has been a data error on XAU, BTC and the S&P, resulting in incorrect scores. Dan is correcting it on the blog as we speak, and I will address it on the next episode. EURUSD appears to be fine.

  • @fatsoaok6749
    @fatsoaok6749 10 годин тому

    Amateur traders care about how much money they will make Professional traders care about how much money they are risking. And as always, thank you Rob and merci VP! EDIT: here's a (2nd) basic structure you can take with you right now. Just by using this, you will be miles ahead of everyone who isn't subscribed here: Basic structure could be: If the account is a 5K initial balance, your maximum lot size for forex is 0.05 (0.5%). Deviating from this would show lack of discipline and thus that you are no professional yet. FINAL EDIT: I'm also from Africa, but on the north side 🇩🇿

  • @anthonyarteaga6821
    @anthonyarteaga6821 11 годин тому

    DEPIN SECTOR GPU , Dsync, Paal AI, 0x0 AI

  • @veloran
    @veloran 13 годин тому

    and that's just for forex, for stocks here in europe we can only leverage 5:1, which is insane... because of a bunch of irresponsible "opportunists", now we're all grounded.

  • @gatwirig
    @gatwirig 17 годин тому

    💙

  • @DukeMember
    @DukeMember 20 годин тому

    I don't trade forex does this work on regular stocks?

  • @philnewpower
    @philnewpower 22 години тому

    41:30 is for the IGM's

  • @CreoleX409
    @CreoleX409 День тому

    Dude u aren’t teaching anything but just talking junk

  • @TC-qb2mg
    @TC-qb2mg День тому

    Tested this manually and like the others failed to replicate even close to results posted

    • @NoNonsenseForex
      @NoNonsenseForex 9 годин тому

      We have noticed the same and are correcting. Check in with the blog periodically.

  • @juniornxumalo3225
    @juniornxumalo3225 День тому

    man i was literally journaling a lost trade and i asked myself: is there a limit to how far ago my confirmation indicator must have confirmed a trade ? because my second confirmation indicator lagged so hard that it only woke up when the trend was ending .

  • @AlexanderBlazhko
    @AlexanderBlazhko День тому

    ATR indicator for Tradingview: "ATR Gerchik light"

  • @raiinxx2872
    @raiinxx2872 День тому

    Nice vid VP, I used to chart on bybit mt4, where you guys charting crypto with mt4?

  • @VixentCane
    @VixentCane День тому

    I had problem comprehending trading in general. I tried watching other UA-cam trading channels, but they made the concepts more complicated. I was almost giving up until when i discovered content and explain everything in detail. The videos are easy to follow

  • @kelvinrichard469
    @kelvinrichard469 День тому

    I had problem comprehending trading in general. I tried watching other UA-cam trading channels, but they made the concepts more complicated. I was almost giving up until when i discovered content and explain everything in detail. The videos are easy to follow

  • @martinsabu2005
    @martinsabu2005 День тому

    Also why not just put all these indicators in an AI so it can do the work for you

  • @martinsabu2005
    @martinsabu2005 День тому

    How do you stack up all these 100 indicators on your laptop screen?

  • @kyleschoenbeck8403
    @kyleschoenbeck8403 2 дні тому

    Hedera

  • @Anonymous-zw1gd
    @Anonymous-zw1gd 2 дні тому

    Nice to see most of my portfolio mentioned, thanks VP!

  • @ProsperbutThrive
    @ProsperbutThrive 2 дні тому

    one thing i really need to stop doing is looking at my trades after I've placed them. its like i don't trust my algo when i know it fully works especially after doing all the back testing

  • @BETTERLIFE-bg9sk
    @BETTERLIFE-bg9sk 2 дні тому

    Are there any prop firms that allow you to not only trade the daily, but take partial profits without closing all of your positions for US traders?

    • @NoNonsenseForex
      @NoNonsenseForex 9 годин тому

      My firm, Maverick Currencies does. It's the only one I pay attention to, so maybe there are others.

  • @J3roM
    @J3roM 2 дні тому

    The quality and amount of gems in this podcast for years and my man only gets 80 likes om 1k+ views, come on people 😅

  • @GiC7
    @GiC7 2 дні тому

    Thanks VP

  • @vintageb8
    @vintageb8 2 дні тому

    Could you make an episode on choosing between Forex versus Futures? Seems to be a hot topic now

  • @vancequinn3464
    @vancequinn3464 2 дні тому

    Спасибо, бомбезная связка, есть профит!

  • @nicholasroberts3773
    @nicholasroberts3773 2 дні тому

    I've been trading options for decades now, still love it. My one wish is to have prop firms out there for options trading at the level we have for regular trading!

  • @gatwirig
    @gatwirig 2 дні тому

    💙

  • @richardmeade2477
    @richardmeade2477 2 дні тому

    The head dude from crv took out a loan against his tokens and got liquidated. I think the community floated him for a while, but they got liquidated as well, i guess. Not too deep in it myself.

  • @ionelpetrila3199
    @ionelpetrila3199 2 дні тому

    I buy NEAR, SUI, and SEI

  • @peterndegwa2844
    @peterndegwa2844 2 дні тому

    Am really learning from your channel.I quit trading in 2019 but after seeing this channel and watching so many videos,am back.Was doing it the 99% way,thats why i was blowing my account.Thanks for what you are doing.Still learning and practicing.Lots of love from Kenya🇰🇪.

  • @ButcherTTV
    @ButcherTTV 3 дні тому

    I bought some matic last week. Im hopeful.

  • @KC-gf1nc
    @KC-gf1nc 3 дні тому

    Any opinions on xrp?

  • @fatsoaok6749
    @fatsoaok6749 3 дні тому

    I just opened long positions Saturday and still holding. FTM/DOGE/ADA/SAND. Price action wise it hasn't moved much since, but everything is green so far hehe. Get in before Sunday 5PM! Also as always, MERCI VP!

  • @mikebeing1322
    @mikebeing1322 3 дні тому

    CRV has been hacked too much. Ppl are done with it. A lot of whales are getting out.

  • @KyleBaran90
    @KyleBaran90 3 дні тому

    I saw your blog post about Tether having some gold-backed assets, that was interesting. Not sure what else to make of it

    • @NoNonsenseForex
      @NoNonsenseForex 3 дні тому

      Me neither tbh

    • @KyleBaran90
      @KyleBaran90 3 дні тому

      @@NoNonsenseForex On the surface, I think the intention is to make Tether appear more legitimate compared to the other stablecoins. I'm not sure what the regulatory implications of this are, but it's probably a good thing for crypto in the long run. It also probably doesn't matter, in the same way that an etf can be backed by gold (digital or paper asset backed by physical). Like, if something happens to a fund, you aren't necessarily going to be paid out in gold, it would just be collateralized so it retains some value after the fact. I'm curious if this somehow lays the groundwork for fractional reserve crypto (imagine the horror)

  • @CoexistenceSteven
    @CoexistenceSteven 3 дні тому

    Curve founder basically rugpulled the liquidity to buy himself a $46 million mansion... So you take that as you will

  • @Porphyrogenitus1
    @Porphyrogenitus1 3 дні тому

    _Curve_ was thrown a curve. Nyuck nyuck nyuck. I'll be here all night! _famous last words as the guy with the hook pulls me off stage_

  • @Porphyrogenitus1
    @Porphyrogenitus1 3 дні тому

    Nibbling here and there, not gonna mention which stuff. Lots are still in a downtrend or only just showing signs of potentially bottoming tho so I'm not doing a major lump-sum buy again now (my main buys were late 22 & in 23). Beam tho u can now get on cexs, but I recommend for anyone who has the know-how to still buy on-chain for all the good reasons (unless you're getting into eth-mainchain tokens then unless you have big enough bags the gas fees will cut into you too much - those one buys on exchanges or with a telegram bot that lowers the gas feed but the latter means trusting a telegram bot).

  • @atoman7829
    @atoman7829 3 дні тому

    Ada

  • @atoman7829
    @atoman7829 3 дні тому

    Stx, nikepig

  • @vulcan4d
    @vulcan4d 3 дні тому

    Signs are showing it might be on sale soon

  • @user-dd9dk8qo7s
    @user-dd9dk8qo7s 3 дні тому

    Right now, your best options are the financial and Tokenization scetors of crypto. Instant payments and digitally valuing real world assets with regulations.

  • @Rincewind04
    @Rincewind04 3 дні тому

    I appretiate your content mate, it is always good stuff :) Would you consider in the future to give us some details about your thought process about why specifically these alts? Me myself, I usually check the charts, the developer data, etc. to decide what I would take position in. And as such, I could learn a lot more from understanding your thought process instead of just having names :p Currently while I have some alts in mind I only consider BTC, ETH as the rest is just not worth it. Most of them are still in a downtrend against their BTC pairs ever since the last bullrun. If that changes, I will definetely fomo in. :)

    • @NoNonsenseForex
      @NoNonsenseForex 3 дні тому

      I have! Go back and look at older episodes, I do deeper dives on the ones I hold.

    • @Rincewind04
      @Rincewind04 2 дні тому

      ​@@NoNonsenseForex Awesome, I will do it, thanks :)

  • @Missequinefreak
    @Missequinefreak 3 дні тому

    Buy when fear and greed is in fear and extreme fear. It is simple. Use sentiment to see development activity.

  • @KilmThomas
    @KilmThomas 3 дні тому

    Since I became so rich in cryptocurrency I realise that crypto is the future cuz I invested 10k and made up to 36k as weekly profit I appreciate the help of your channel 😃🙂

  • @techsolutions5842
    @techsolutions5842 3 дні тому

    Nice work - it's so useful and so calming in my trading style 💯