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Support/Resistance – Complete Garbage or Profoundly Useful?








Trading is risky, and most people lose money.

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FTC/CFTC Risk Disclaimer – Please read this so you’re 100% aware of the extreme risks associated with any type of trading and investing.

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.

I (and my company, MissionFX, LLC) make NO guarantees/promises/express direct or indirect representation that you’ll achieve any specific result trading, regardless of whether you’re following my free or paid content.

I’m just some random guy on the internet who is sharing what’s worked for me – I have no clue what will work for you because there are a million contributing factors that will determine whether or not you will make money trading.

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Read the full risk disclaimer on my website below, so that you’re 100% aware of the risks associated with trading – then you can make an informed decision as to whether or not you want to continue following any of the information I share (or continue to pursue trading in general).

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22 Comentários

  1. I have been following your exact strategy for last 2 months and finally becoming profitable.. I just use heikin Ashi to get the confirmation of the trend . Any way Much love MR. simple trader ❤

  2. Hi Nick i just found your channel, and i have been watching most of your videos ON YOUTUBE. there's no one on the internet do it like you. am from south frica

  3. Nick, do you think the simple approach of support and resistance works for small cap stocks? I trade mostly small caps, gappers and gainers, trying to ride the momentum… results have been… mixed. Really looking to see some more consistency and stumbled upon you on YT. Do you have a specific strategy for small caps or stocks in general, or do you think the simplest strategy is S/R on Forex to become a more profitable trader?

  4. NAMASTE!! Everybody I'm HARSH and i from INDIA. i'm a FOREX Day Trader looking to join Forex trader community. BCOS IN MY COUNTRY THERE IS VERY LIMITED EXPOSURE OF FOREX INDUSTRY . So its very difficult here to find a TRADING COMMUNITY HERE so if any trading community viewing this msg OR any trader who want me as a part of there community OR Anybody Who Want To Help Me Out Then U Are Most Welcome!!

  5. @Nick Shawn There is a fake impersonation account preying on your viewers in the comments. Thought you should be aware! I tried reporting for impersonation but was unable to submit the report. Thanks for the great content!

  6. Nick do you have Instagram? I don’t really use it but finding it difficult to find you through all the fake accounts.

  7. I don't understand why all the losing trades are closed early. If you're always closing a losing trade before it hits your SL, then why not just set your SL where you could be closing a losing trade? Why have a 1:1 in place if you're always ignoring it?

  8. hey nick! been following closely for a few weeks now and I'm practicing on Trading View demo account first. I just wanted to say thank you so much for all your free content for us Noobs lol. you keep it real simple while also touching on the more complex points of trading. I have learned SO MUCH from your videos and your telegram channel. I started placing my first trades on Tuesday morning and to now, Friday, I have grown it from $500 to over $700! not much to some (well literally nothing as its fake money lol) but its massive for me! gonna keep practicing for a few more months so I have enough testing data to make a decision moving forward! But, WHEN I become a successful trader and people ask how I learned so fast, ill say some bald guy yelled at me on the internet 🙂 Thanks Nick so so so so much, have a blessed day!

  9. Hey Nick, dont you liquidate yourself if you are wrong 6 times in a row if you risk 1% of your balance and keep adding what you have lost onto the new position + the original risk (1% of balance)?

  10. Nick there is one thing that puzzles me. I get that support and resistance do not predict direction but they do make good levels to anchor risk strategies. You show us how to place a one to one risk ratio – buy or sell but if the price moves into a slight loss you typically close before it reaches the full stop loss. Here’s my question – why not set the stop loss at the level your going to close the trade in the first place ?

  11. Nick there is one thing that puzzles me. I get that support and resistance do not predict direction but they do make good levels to anchor risk strategies. You show us how to place a one to one risk ratio – buy or sell but if the price moves into a slight loss you typically close before it reaches the full stop loss. Here’s my question – why not set the stop loss at the level your going to close the trade in the first place ?

  12. Hi Nick, I am very impressed with your presentational style, I have looked through your Telegram threads from start to date and also through many of your YouTube videos, you don't seem to reply direct to most of them and I accept that for income generation you need to route those through your paid services, so I hope you can spare a moment to reply to this. For your hedging method to succeed requires either multiple exchanges or an exchange or exchanges that allow both buy and sell orders for the same pair or commodity very few offer this. I would prefer to use a single exchange, and a google search does not appear to give an adequate response, to enable me and others to test your method can you provide a list of exchanges that will allow both buy and sell orders for the same pair or commodity (for example who or what are you and your team using), I am not looking for recommendations or financial advice just a listing of exchanges to consider at my own risk to dip my toes in.

  13. @Nick Shawn – Hi man. Great channel, I like your humor and respect the honesty about your journey. Could you possibly make a video talking about managing open positions ? I would like to hear from your some points about taking partial wins from winning positions, what triggers you to close position on small loss (let's say you're not hedging cause I believe you did not hedges couple years back) When do you place breakeven on positions etc.
    Appreciate all and wish you great day, peace !

  14. Hey Nick can you put out a video on how to approach breakouts especially when coming to swing trading in stocks as sometimes breakouts give out heavy returns in short intervals . Thanks in advance

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