How I Made $2.4 Million This Year (My Trading Strategy)

0:01 This is a video that I decided to make because I want to be able to inspire you as to what's possible with trading. My name is Nick. If you haven't watched my videos before here on YouTube, welcome to my channel. I've been trading forex and crypto and stocks for the past nearly a decade. And over this time frame, I've made millions of dollars trading in the markets. Just this year alone, I'll probably end the year around maybe 2.3 to 2.4 million. Um, and my trading approach is insanely simple. What I'm going to do is I'm going to show you everything here in this video. I'm going to show you every single thing you need to know to be able to get started trading in a way that is incredibly simple. And the cool part about this approach is that it's so simple that it's really scalable over time with any level of capital. If you have a $100 to trade with, I wouldn't bother trading with $100, but if you do, it works. You can risk a small amount

0:47 per trade, couple dollars per trade, and you can grow your account with it. if you have millions of dollars in trading capital to trade and you want to trade in different market environments. This trading approach works in every single market in my experience for the past decade. So whenever we go here to the charts, I'll show you some trades. These were the trades that from yesterday that I called um here in my discord channel. I don't have a link for you to join this, but I do have a free training video where I teach my whole trading strategy a little bit more comprehensively. It's at the link in the description. About an hourong trading like training video. You can do that if you want to learn how I trade. Yesterday I made $30,000 from these two trades right here. So I took a Euro CAD trade, sold at a resistance zone. Took a Euro USD trade, I sold at a resistance zone. Basically all I do is I buy at support and I sell at resistance. And that may

1:33 sound kind of crazy um for a lot of people that are learning trading because they think you have to do a little bit more. They think it has to be more complicated. For me, nothing has worked better than super super simple just basic buying at support, selling at resistance on the higher time frames. I use controlled risk for every single trade I take. and I risk anywhere from 25 to $75,000 per trade, which is a small amount of my trading capital. So, the same thing works in crypto. So, for example, um let's go here to uh part of my crypto portfolio. I keep my spot holdings here in Coinbase for actual trading. Um we've been I've been down over the course of the past few months. So, I'm down like maybe $500,000 over the past few months. But whenever we go to my total, let's go to the one year. So, the total P&L right here for the past year, um the realized return has been almost 2 million. And then with the total return is about 1.4 million. Um

2:20 because I'm down like maybe you know 57 $577,000 over the course of the past few months here. Uh this is over the course of the past 2 and a half months from when I first started buying crypto on the dips. And so still up this year 1.4 million here in um crypto. And then whenever you add stocks, stocks have gone up a lot just because uh the S&P 500 has gone up. And all I basically do is I I buy dips in the S&P 500 at support resistance zones. And from about January of this year, where are we at? January to where we're at now, we're up very nicely in stocks. So 17%. So this is a couple hundred,000 for me. And then in Forex trading as well, like I just showed you this right here. If we go back even further, we'll go back just a little bit here in the trading history. Um you can see last week I had a trade where I made

3:06 $50,000 in one trade. Um and that was after a few losses that week. So you can see even with the losses right here, $43,000. But if we go even further, I show the past couple months of trading history on this account and this is before the wins um this week I was up about $250,000 in realized P&L and then minus swaps and commissions, right? Which that's is about like 60 plus 25, right? So like $120,000 in swaps and commissions. Um but then again, now I have a win for 30K. So it's even more now. So, I'm pulling about almost $200,000 net profit um just over the course of the past few months um let alone the rest of this year. And so, the way that I do this is really really simple. It's not complicated at all. Okay? So, I'm going to show you the basics of this in this video right here just so that way you have a way to

3:52 start. Um and then if you just want to learn the whole thing, it's the link in the description. It's my free training course. You can just do that and then you can learn the way I trade. So, here's all I do. Basically, I go to the weekly and the daily charts. And what you'll notice is no matter what time frame you go to, price just goes up and down, right? It makes higher highs and higher lows and then it bounces and then it makes higher lower lows and lower highs. Then it just goes back and forth. All I do is on these higher time frames like the weekly and daily charts. You can see I've got four time frames here, but basically I just use most of the weekly and daily. All I do is I draw zones on the chart where price seems to have bounced multiple times pretty consistently. That's it. Basically, I look at where current market price is and then whenever price looks like it's at a

4:37 support zone where it's bounced before, I buy when price gets that support zone and I sell when it gets to resistance. So, what I'm going to do is I'm going to show you examples of these two trades that I just took like literally that closed yesterday. And I'm going to show you how I got into those trades. So, this example right here is on Euro Canadian dollar. So you can see that right here. This looks like a pretty clear support resistance zone because price bounced here as resistance. Came back up, broke above, bounced as support, bounced as support again, support again, support again, then broke below and came back to test it as resistance. Well, guess what? Since price came to test it as resistance, I just entered a sell. I entered a sell at the zone with a stop-loss just above the zone and then a target just below the zone at a 1:1 riskreward ratio because I only use 1:1 riskreward ratios. Believe

5:23 me, it's way easier to trade with a 1:1 riskreward ratio and manage trades dynamically than try to do this whole like 1:2, 1:3, 1:5, 1:10 risk-reward ratio. Uh most people I see that are profitable, they do not use crazy insane risk-to-reward ratios. They use basic like 1:1, 1 to 1.5, maybe 1:2 in some cases. Um and then whenever price bounced down here, it came away from the zone, it bounced, and it came to this little support zone and it was having trouble breaking it. So I ended up closing this trade yesterday uh in profit. And this is exactly where I closed the trade. You can see right here, Euro Canadian dollar. My sell was at the zone, stop loss was above and target was just below. We almost had the profit target hit one time, came all the way back up, dipped again, I decided to say, you know what? Since price was having trouble breaking that zone, I just closed my cell. So for that one, just that sell alone on Euroat netted me

6:11 this right here. So about 14,000 plus 3,000. So about $17,000. Um, and on this trade, I risk 25,000, right? So, it's a little bit lower than a 1:1 riskreward ratio, but then again, you have to account for the context. So, I'll manage trades dynamically and close early if I need to. Same thing on EuroUSD. What was the super complicated crazy analysis? Well, price came here into a resistance zone. And when price got here into this resistance zone, I entered a sell at the resistance zone and then I put a stop loss just above the zone, above this recent high here. And then I put a target down here at a 1:1 reward ratio. So, the trade basically looked like something like this right here. Okay. Now, whenever price price bounced at this zone, it came down. What I noticed is that price was having trouble breaking the recent support zone. So, I elected to close this trade yesterday right around here.

6:58 And you can see the exact moment I closed. U like I said here in this Discord server, I call every single thing out live. I've been doing this for three years here in my Discord server. Um I got win streaks, losing streaks, and overall it's a net P&L. It's a net profit. So, you can see on Euro USD, this is where I closed the trade right here at this support zone, and it was a little bit of profit. It wasn't a lot of profit and it certainly wasn't as much as I had hoped I'd get. But since price was having trouble breaking the zone, right, I have to manage things dynamically and I have to close whenever I think, you know, price is not going to be moving in the direction anymore. So, I closed here. This is about a 12 maybe $13,000 profit nearly and it netted me $30,000 yesterday. Um, it's crazy cuz I used to make that in a year and now I'm making that in like a day. I didn't even I didn't even make that in a year 10 years ago. I made like 24 $26,000 a year. So, and I'll probably be able to

7:45 to get short again if price starts breaking below this zone. And then I'll just get short again and then put a stop above the major resistance zone and put a target below. So, basically all I do is I buy at support and I sell at resistance. And it's so basic that I think that especially if you're getting started in trading, what you're what you're confronted with is you're confronted with a lot of different trading approaches, right? You got forums, you got different websites online, you've got Reddit, you've got YouTube, you've got books, you've got audio books, you've got all sorts of content of people saying this is the way to trade, okay? You have to trade this. You have to use moving averages, right? The trend is your friend. Use a moving average. You know, you should only trade pullbacks. So, use Fibonacci. You should only trade, you know, when the market's overextended. So, just use RSI or this just I can't even say it. The stortastic the the stochastic oscillator and and

8:31 buy when it's really low and sell when it's really high. You have all these different ways, but basically every single trading approach that you will find online revolves around the idea of price bouncing at a particular area up or down, right? So, we can boil this down to just saying everything basically resol revolves around support resistance. If you're buying at the 618 Fibonacci level on a pullback during an uptrend, you are buying at what you believe is a support level. You've just arbitrarily drawn that based on the 618 Fibonacci. If you're buying at a moving average, you are buying thinking that it might bounce at that moving average and price might continue up or down depending on if it's an uptrend or a downtrend. If you sell when price breaks below a moving average and it wasn't an uptrend, you are selling based on what's called level failure, right? You're it's an area that you think might hold as support, right? It's just a dynamic upward sloping support, sure, but you're

9:16 selling because you think price is going to no longer hold that support and it's going to go down further. And so you're you're basically using the idea of support resistance. So that's why I just I I completely ignore all of the wild crazy mental gymnastics that people engage in and I just draw these very basic support and resistance zones in the chart. They're all horizontal. You'll see on the charts I don't even have my candlesticks different colors. It's all just white candlesticks. And what I'll do is I'll wait for price to get to a region where I think it's likely to bounce. And then if it does get into that region, then I'll buy if it has support and I'll sell if it's at resistance. So, I'll put a stop loss just below or above the zone depending on if I'm buying at support or selling at resistance. And then I'll set a target at a 1 to1 riskreward ratio. Um, and and I just do this over and over and over. Okay? Now, of course, I don't win every I don't win every single trade. I I might only win about half the

10:02 trades on average. But the cool part is that if it starts going sideways or moving against me a little bit towards the stop, I'll get out of those trades early and then whenever price does in fact start moving into profit, I try to hold those to the profit target, assuming the context is appropriate. It doesn't work for every single trade. However, it allows me to make a little bit more than I lose long term. And I was doing this where I was making like a couple hundred dollars a week in trading, which was life-changing back in like mid 2017 towards the end of the year 2017. It took me about a year and a half to two years to get profitable trading. Um, and then what I noticed is that whenever I was able to do that, I could consistently pull a couple hundred a week trading. And for me, like I said, that was life-changing to make like anywhere from a,000 to $2,000 a month extra. You got to understand from my jobs at the time, I was making about $2,000 to $2,400 a month, okay? And then

10:48 after tax and expenses, like I was coming out net even less than that, right? Of course. Um, so for me, it was life-changing to be able to make a couple hundred a week and a couple thousand, like a,000 to $2,000 a month. And I slowly just scaled that over time as I built more capital, as I continued compounding my my results and stuff. I ended up spreading into um stocks. I ended up spreading into crypto and letting my assets grow. And then I've taken that, peeled off, paid the capital gains tax on that. And then I've been able to continue trading with the money and grow the account and not the account, but grow the capital even more. And I split my capital up. Right now about 50% of my trading capital is in crypto. About 25%'s in equities. And the other 25% is allocated to forex trading. And I only put a small amount into my account whenever I'm trading forex. You can see this account right now has after the wins maybe like $540,000 in it. I

11:34 don't put all my Forex trading capital into one account. Most of it sits in cash in a crypto wallet um in like USDC and it just sits there and then I use that. So that way in case something happens to this account or I take a couple losses and I just want to refund the account, I can top it up, but if it blows, it's not on my trading capital. And this has allowed me to continue making money time and time again just on repeat just like automatically. Um and so whenever like say for example this right here USDCHF, this is a trade I'm actually waiting for. I'm waiting for price to come down here to the support level. So, what I'll basically do is I'll look at where current market price is. I'll look at the next zone above price and the next zone below price. If price gets into the next resistance zone above price, I will sell. So, what I'll do is I'll set an alert. So, this alert would go like right here about midway through the zone. And same thing down

12:19 here. I'll set an alert about midway through the zone. And if price gets into this resistance zone, I will sell with a stop loss just above the zone and a target just below a 1:1. And if price gets down here into the support zone, I will buy with a stop loss just below the zone and all the recent lows of the zone. So the stop would have to go just below that low. And then I'll just set a target at a 1:1. And doing this over and over, if for one, it's simple to structure the trade. But number two, since you're using higher time frames, you avoid a lot of the volatility that you'll find like on lower time frames, like if you're just using the 1 hour in isolation or the 15-minute or the 5m minute. um things just don't seem to work as consistently on those lower time frames for me in my experience and in my experience coaching 4,500 clients like over that many over the course of the past like five six years that I've been teaching. So it's very very simple. It's

13:05 very very basic. Same thing here on Euro GBP. I took this trade right here and this is one of my trades last week that ended up hitting the profit target. Um this right here I had it right here and it closed last week. This one right here. So I made $50,000 on this trade. I risked about $50,000 and it went up and I hit the profit target and and what was this trade? Here's the exact trade. Well, let's let's go and look at what the exact trade was. Here it is. So, that's it right there. You can see where I entered. I said I'm long on Euro GBP and this was on, you know, when was this? Let's go see. So, the 11th. So, 1211. Right now, it's December 19th. So, this one went uh it went up, it hit the profit target, and it was a nice little trade, but if you look, it was just a buy at the support zone, right? simple break and retest type of setup. What did

13:51 price do? If we go to the weekly to keep things super simple, price was at a resistance zone where it had bounced very clearly and obviously here on the weekly chart multiple times, it ended up making a bunch of higher lows, breaking above the zone. Then it came back to this zone and then I bought I entered a buy basically. That's all I did. I entered a buy and then after I entered a buy, I put a stop loss below the zone and a target above the zone and I risked 50k on this one. So, I think it was $45 or $50,000 and then ended up popping up and then it hit the profit target. Okay. And then now it came back into the zone. I could have probably entered this again yesterday, but I didn't. I had a good trading day, so I just didn't enter any more trades. I just left it alone. And this hit the profit target. What you'll notice is that I don't try to do things like this where I'm trying to be a hero here and catch like the next crazy move. So, an entry right there with the stop loss just under the zone and then a

14:36 target like up here of a higher high. Get a 1:5 1:6 riskreward ratio. I don't do that. this move right here with price just having a little simple bounce. So if my profit target was right there, that means my stop would have been something like that right there. Just stop just below the zone. Um you know, so basic this right here basically, right? Stop below, target above with this right here, this move right here, this little tiny little bounce away from the zone, that is the most likely move that is that is uh that has the highest probability of occurring. And if you just use a 1:1 risk-reward ratio, but you risk more money on those trades, in my opinion, it's an easier way to trade and it's a way that's way more profitable to trade in terms of like the time that you're sitting in trades, your trade duration, in terms of the risk structure and the amount of risk you have, especially if you're managing it

15:21 dynamically, getting out of losing trades or trades that go sideways a little bit earlier, and then holding trades trying to hold them to the profit target. It's a way more profitable, riskadjusted way to trade. And that's why I like just using 1:1 riskreward ratios and risking a higher dollar amount. you're going to have a lower win rate if you're using 1 to5 to 1:10 risk-reward ratios. So, you can't risk as much. And then if you can't risk as much, that means number one, you're going to be stopping out a lot more often and then you might have one trade that makes back all the losses cuz you had a four or five trade losing streak. But with this, your your average win rate, like if you look at profitability, right? If you're just entering random 1:1 risk-reward ratios like blindfolded and letting them hit stop or letting them hit target, the worst case scenario for most people net of fees and commissions is you're going to probably break even because price just goes up half the time or it goes down half the

16:07 time. the dynamic management of it, meaning just quite simply closing trades early that are not working and then holding trades that are working to the profit target of one to one. That guarantees that even with a 50% win rate, your average win is bigger than your average loss. And still net of fees and commissions, you can still make a profit. Like you just saw, I booked like $250,000 of profit just over here in like the course of the past few months, like the past two and a half months. Um, and even with fees and commissions, right, with this last trade I won yesterday for the two trades for $30,000, I'm still up like $200,000 over the course of, this is just the past two and a half months. Um, so whether it's forex trading or crypto trading or stock trading or buying the S&P 500 and DCA in at major support zones whenever it pulls back. This is something that works in every single market in my experience and it's something that works really, really

16:52 well. And I think the main thing that most people love about trading this way and most of my clients who get profitable doing this is the fact that it is so easy to duplicate. It's so consistent. It's so predictable to make the same set of decisions. You go to these higher time frames, you just set one alert below price, one alert above price at the next support or resistance zone. And when price gets into one of these zones, you sell. All right? If it's at resistance, this is a sell that I took on AD CAD. I put my stop above the zone, a target below, and this one fell and I hit the profit target. This was a profitable trade that we had that I called at the beginning of this month, so about like two weeks ago, and it ended up going and hitting the profit target. Then it ended up going even lower. And then if it comes down here into this zone, I'm just going to be buying there at that zone. It's very, very basic, very, very simple. There's not really a lot to it. And I do this

17:38 over and over and over and over and over again. And I wanted to share this with you guys here in this video mainly to motivate you and show you that trading does not have to be complicated. It does not have to be this crazy, ridiculous, insane, like schizophrenic, paranoid thing of you using all sorts of indicators and all sorts of mental gymnastics to try to justify whether you think price is going to go up or down. For me, I don't know if price is going to go up or down. All I do know is that if price gets to a major support resistance zone where it's bounced a couple times in the past, it's a good risk adjusted way to trade, right? It's a way of saying if price comes into this region where it's bounced many times before, I know it's either going to go up or down. And support resistance doesn't give you any way to predict price, but it just gives you a really good way of controlling risk. It gives you a beautiful way of controlling risk because if you enter when price is at one of these zones, right, you know that

18:24 it's just going to go up or down. And so if you put a stop above the zone and then a target below the zone at a 1 to1 riskreward ratio, like this was basically my exact trade I took, um, then what you do know is that if it's going to go into profit, generally it'll happen quickly. And if it's going to go into loss, it it'll either happen quickly and go and hit the stop loss. And that'll happen sometimes. But more often than not, right, price will range a little bit first. It'll go sideways. It won't find any sellers and it'll start making some higher lows. You can get out of those trades around break even. Small loss, maybe even halfway to the stop loss. And then you make your average loss smaller than your average win. Okay? Just on average. Of course, you're going to have a lot of variance between each individual trades, but it works really, really, really well. So, I wanted to share this video just to be able to show you how simple trading can be and just to show you what trading's done for me. And again, I teach this

19:11 whole thing in the hourlong free training video at the link in the description if you want to learn more. So, with that being said, thought I'd share this video. I hope it was useful. I'm not going to ask you to like or comment on the video. You're an adult. You should do whatever the hell you want. But, I will see you in the next video if you come back to my channel and check out some more of my other videos. Hope this was useful and I'll see you in the next one, my friend. Bye.